Financial Condition
Condensed statement of financial condition as of June 30, 2024*.
Assets
| Cash & Due From Banks | $72,297,000 |
| Federal Funds Sold | 0 |
| Securities Purchased Under Agreement to resell | 0 |
| Securities: | |
| US Gov’t & Federal Agency | 62,794,000 |
| Municipal | 4,147,000 |
| Other | 62,000 |
| Loans (Net) | 343,533,000 |
| Bank Building and Fixtures | 1,763,000 |
| Other Assets | 5,268,000 |
| Total Assets | $489,864,000 |
Liabilities and Capital
| Deposit Accounts | $398,345,000 |
| Repurchase Agreements | 28,586,000 |
| Federal Funds Purchased | 15,000,000 |
| Other Liabilities | 3,240,000 |
| Total Liabilities | $445,171,000 |
| Capital Stock | 150,000 |
| Surplus | 1,000,000 |
| Undivided Profits | 43,543,000 |
| Total Equity Capital | $44,693,000 |
| Total Liabilities & Capital | $489,864,000 |
*Unaudited
Silver Lake Bank was established in 1909 and remains locally owned and operated. The bank serves Topeka, Silver Lake, Lawrence, Overland Park and surrounding areas. The money you deposit with Silver Lake Bank serves your friends and neighbors in the form of loans and investments.
Silver Lake Bank is committed to the communities we serve by helping individuals and businesses realize their dreams. Our experienced staff strives each day to strengthen our relationship with you by providing exceptional quality service and competitive products.
We provide a complete line of loan and deposit services for both business and consumer needs. Your deposits are insured by the Federal Deposit Insurance Corporation up to the standard insurance amount as prescribed by FDIC. For additional safety to you, Silver Lake Bank maintains an equity capital position well in excess of the amount required by law. We are, and always will be, a community bank where customer and community needs are our foremost concern.
Eric M. Donaldson
Chief Financial Officer