Golden Valley Bancshares : Balance Sheet 6-30-2022
August 15, 2022 at 07:32 pm EDT
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Balance Sheet Compare
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Actual
Actual
Jun 2022
Jun 2021
$ Change
% Change
Assets
Cash and due from banks
7,565,152
8,061,911
(496,759)
(6.2)
Fed funds sold & repos
29,660,000
31,555,000
(1,895,000)
(6.0)
Interest bearing deposits with banks
9,364,736
17,140,605
(7,775,869)
(45.4)
Investment Securities - Taxable
192,912,645
132,779,805
60,132,840
45.3
Investment Securities - Tax-exempt
9,124,765
4,668,980
4,455,784
95.4
Loans, net of unearned income
230,858,951
247,241,640
(16,382,688)
(6.6)
Less: Allowance for loan losses
(4,577,563)
(4,508,754)
(68,809)
(1.5)
Lease ROU Asset
1,098,901
1,178,053
(79,152)
(6.7)
Premises and equipment, net
1,871,358
1,251,430
619,928
49.5
Accrued interest receivable
1,615,506
1,413,297
202,209
14.3
Other assets
7,669,610
2,094,072
5,575,538
266.3
Total Assets
487,164,061
442,876,039
44,288,022
10.0
Liabilities
Non-Interest Bearing Deposits
174,787,340
159,372,880
15,414,460
9.7
Interest bearing demand deposits
65,098,936
51,169,111
13,929,825
27.2
Savings and Money Market Deposits
194,511,699
166,056,582
28,455,116
17.1
Time Deposits - Retail
17,009,839
27,514,133
(10,504,294)
(38.2)
Total Deposits
451,407,813
404,112,706
47,295,107
11.7
Accrued expenses and other liabilities
1,688,696
1,554,359
134,337
8.6
FHLB Advances and other borrowings
-
317,305
(317,305)
(100.0)
Borrowings
5,770,503
-
5,770,503
-
Total Liabilities
458,867,012
405,984,369
52,882,643
13.0
Equity
Common stock
18,705,551
18,705,551
-
-
Capital surplus
443,468
206,793
236,676
114.5
Retained earnings
18,990,085
13,830,765
5,159,320
37.3
Accumulated other comprehensive
(12,064,785)
1,404,867
(13,469,652)
(958.8)
income (loss)
Net Income
2,222,730
2,743,694
(520,964)
(19.0)
Total Equity
28,297,049
36,891,669
(8,594,620)
(23.3)
Total Liabilities & Equity
487,164,061
442,876,039
44,288,022
10.0
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Disclaimer
Golden Valley Bank published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 23:31:08 UTC.
Golden Valley Bank (the Bank) provides products and services to customers who are predominately small to middle-market businesses, professionals, and not-for-profit organizations located in Butte, Shasta, and surrounding counties. The Bank offers checking and savings, certificates of deposit (CDs) and individual retirement accounts (IRAs), debit cards, and an education center. Its business solutions include ACH & Wire, eDeposit, Positive Pay, and Merchant Services. The Bankâs account services include online banking, mobile banking, bill pay and CardValet and Zelle. The Bankâs business lending services include commercial loans, SBA loans and credit cards. The Bankâs personal lending services include home loans and credit cards.
GOLDEN VALLEY BANCSHARES, INC. 
