Condensed statement of financial condition as of September 30, 2017*.
|Cash & Due From Banks||$15,820,000|
|Federal Funds Sold||0|
|US Gov’t & Federal Agency||54,818,000|
|Bank Building and Fixtures||2,627,000|
Liabilities and Capital
|Federal Funds Purchased||13,201,000|
|Total Equity Capital||$31,018,000|
|Total Liabilities & Capital||$275,959,000|
Silver Lake Bank has always been a well-capitalized bank and we continue this tradition even in a very challenging economic environment. We have maintained capital at two times what is required by regulators to be considered a well-capitalized institution. Silver Lake Bank has served our community for over 100 years and will continue that service by making loans in our local community.
Eric M. Donaldson
Chief Financial Officer