FDIC-Insured - Backed by the full faith and credit of the U.S. Government The following provides consolidated reports for the financial condition of Essex Bank, including assets, liabilities, and equity capital.
Essex Bank Assets
Dollar amounts in thousands; as of September 30, 2024
| 2024 | 2023 | |
|---|---|---|
| Cash and balances due from banks | $43,652 | $62,702 |
| Securities - Available-for-sale | 66,247 | 67,217 |
| Loans receivable | 349,988 | 334,893 |
| Less: Allowance for loan losses | 3,065 | 2,878 |
| Loans receivable, net | 346,923 | 332,015 |
| Premises and fixed assets | 9,907 | 9,747 |
| Other real estate owned | – | – |
| Goodwill | 13,785 | 13,785 |
| Other assets | 9,340 | 8,214 |
| Total Assets | $489,854 | $493,680 |
Essex Bank Liabilities and Equity Capital
Dollar amounts in thousands; as of September 30, 2024
| 2024 | 2023 | |
|---|---|---|
| Interest-bearing deposits | $226,325 | $224,737 |
| Noninterest-bearing deposits | 183,365 | 196,168 |
| Other borrowed money | 2,398 | 2,496 |
| Other liabilities | 10,764 | 9,871 |
| Total liabilities | 422,852 | 433,272 |
| Total equity capital | 67,002 | 60,408 |
| Total Liabilities and Equity Capital | $489,854 | $493,680 |