SBMW: the balance sheet

MyFinsight

For the year ending 2025-12-31, SBMW has $256,519,260 in assets. $233,903,375 in debts.

Balance Sheets	2025-12-31
Cash on hand	2,300,984
Due from banks	47,224,554
Federal funds sold	853,000
Cash and cash equivalents	50,378,538
Available-for-sale securities	76,699,904
Loans receivable	118,850,710
Allowance for credit losses	1,034,193
Loans, net	117,816,517
Federal home loan bank stock	1,575,000
Premises and equipment, gross	9,593,731
Less accumulated depreciation	6,452,464
Premises and equipment, net	3,141,267
Accrued interest receivable	751,961
Mortgage servicing rights, net	326,764
Deferred tax assets, net	2,208,560
Bank owned life insurance	2,308,325
Other assets	1,312,424
Total assets	256,519,260

Demand	126,505,380
Savings	25,716,594
Time	44,283,509
Total deposits	196,505,483
Advances from the federal home loan bank	35,000,000
Advances from borrowers for taxes and insurance	399,702
Accrued expenses and other liabilities	1,998,190
Total liabilities	233,903,375
Common stock, 0.01 par value, 10,000,000 shares authorized,issued 889,781 at december 31, 2025	8,898
Additional paid-in capital	7,346,633
Unallocated common stock of esop	591,707
Retained earnings	18,971,057
Accumulated other comprehensive loss	-3,118,996
Total shareholders' equity	22,615,885
Total liabilities and shareholders' equity	256,519,260

Unit: Dollar.