Golden Valley Bancshares : Balance Sheet QOQ 12-31-2021

Balance Sheet Compare

Consolidated (unaudited)

	Actual	Actual
	Dec 2021	Dec 2020		$ Change		% Change
Assets
Cash and due from banks	6,831,102		6,634,174	196,927	3.0
Fed funds sold & repos	34,165,000		8,605,000	25,560,000	297.0
Interest bearing deposits with banks	11,433,595		16,654,465	(5,220,869)	(31.3)
Investment Securities - Taxable	168,558,223		104,131,778	64,426,445	61.9
Investment Securities - Tax-exempt	11,074,765		3,065,482	8,009,283	261.3
Loans, net of unearned income	239,181,314		265,527,100	(26,345,787)	(9.9)
Less: Allowance for loan losses	(4,577,778)		(3,994,145)	(583,633)	(14.6)
Lease ROU Asset	1,013,222		1,343,528	(330,306)	(24.6)
Premises and equipment, net	1,934,036		1,378,869	555,167	40.3
Accrued interest receivable	1,467,374		1,460,480	6,894	0.5
Other assets	2,597,961		1,517,119	1,080,842	71.2
Total Assets	473,678,813		406,323,849	67,354,964	16.6
Liabilities
Non-Interest Bearing Deposits	170,383,476		147,865,364	22,518,112	15.2
Interest bearing demand deposits	56,040,388		46,193,360	9,847,027	21.3
Savings and Money Market Deposits	189,003,684		141,176,867	47,826,816	33.9
Time Deposits - Retail	17,372,329		27,791,679	(10,419,350)	(37.5)
Total Deposits
432,799,877		363,027,271	69,772,606	19.2
Accrued expenses and other liabilities	1,984,125		2,643,127	(659,002)	(24.9)
FHLB Advances and other borrowings	233,625		5,398,922	(5,165,297)	(95.7)
Total Liabilities
435,017,627		371,069,320	63,948,307	17.2
Equity
Common stock	18,705,551		18,705,551	-	-
Capital surplus	319,378		211,809	107,569	50.8
Retained earnings	13,830,765		9,737,608	4,093,157	42.0
Accumulated other comprehensive	646,172		2,506,403	(1,860,231)	(74.2)
income (loss)
Net Income	5,159,320		4,093,157	1,066,162	26.0
Total Equity
38,661,185		35,254,528	3,406,657	9.7
Total Liabilities & Equity	473,678,812		406,323,849	67,354,964	16.6