About
Consolidated Statement of Condition
Winchester Co-operative Bank is committed to maintaining financial strength and stability through prudent and thoughtful management. Please contact a member of our team if you have any questions about this statement.
| Assets, Liabilities and Equity as of April 30, 2024 | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $3,060,681 | $4,898,774 |
| Fed overnight Investments | 40,310,668 | 33,541,406 |
| • Total cash and cash equivalents | 43,371,349 | 38,440,180 |
| Investment securities | ||
| • Held to maturity, at amortized cost | 104,293,898 | 140,667,227 |
| Loans receivable, net | 611,144,842 | 554,478,151 |
| Cash surrender value of bank-owned life insurance | 11,456,058 | 10,235,262 |
| Accrued interest receivable | 2,511,499 | 2,370,299 |
| Premises and equipment | 4,025,964 | 4,022,918 |
| Federal Home Loan Bank Stock | 1,286,700 | 514,500 |
| Deferred income tax asset | 585,485 | 299,065 |
| Prepaid federal and state income taxes | 598,334 | 385,000 |
| Prepaid expenses and other assets | 829,533 | 683,064 |
| $780,103,662 | $752,095,666 | |
| Liabilities and Equity | ||
| Liabilities: | ||
| • Deposits | $ 654,789,997 | $645,997,827 |
| • Mortgagors' escrow accounts | 703,192 | 466,228 |
| • Accrued expenses and other liabilities | 2,715,007 | 1,604,918 |
| • Borrowings | 20,000,000 | 2,500,000 |
| 678,208,196 | 650,568,973 | |
| Equity: | ||
| • Retained earnings | 101,895,466 | 101,526,693 |
| $780,103,662 | $ 752,095,666 | |
