| Message from the CEO | Statement Of Condition | About Us |
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HALF A BILLION DOLLARS AND GROWING!
Strength, stability and growth do not come easily when the finger of blame for the financial woes gripping the economies of the United States and World remain pointed at the banking industry, when there remains uncertainty about what direction our economy is going and when families continually struggle to meet the most basic living expenses. If asset growth is going to occur, customers must be confident that we are not part of the problem and feel comfortable with their local community bank as well as those individuals who manage and operate their locations.
We strive to provide our customers with such confidence through our Commitment to Excellence. Each and every day we challenge ourselves to deliver the highest level of service in a way which provides customers the confidence they both demand and require. Our continued growth is a measure of your satisfaction, and that measure indicates strong satisfaction.
When we ask you to Bank on Our Strength, we mean it! Total Assets began the year at $447,724,684.00. At the end of 2011, Bank of Kirksville Total Assets had grown by an incredible 13% and measured $507,754,195.00!
Bank of Kirkville, a “Commitment to Excellence” since 1914. |
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Best regards, |
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Assets |
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Cash & Due from Banks |
11,751,149 |
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Investment Securities-Held to Maturity |
0 |
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Investment Securities-Available for Sale |
212,011,523 |
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Other Investments |
40,000 |
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Federal Funds Sold |
57,380,867 |
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Loans: |
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Loans Net of Unearned Income |
217,344,813 |
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Allowance for Loan Losses |
3,328,285 |
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Net Loans |
214,016,528 |
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Premises and Fixed Assets |
7,569,320 |
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Other Real Estate Owned |
1,174,950 |
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Other Assets |
3,809,858 |
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Total Assets |
507,754,195 |
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Liabilities |
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Deposits: |
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Non-Interest Bearing |
50,161,280 |
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Interest Bearing |
370,604,420 |
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Total Deposits |
420,765,700 |
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Federal Funds Purchased & Securities |
41,641,850 |
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Other Liabilities |
391,614 |
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Total Liabilities |
462,799,164 |
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Stockholders' Equity |
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Common Stock |
518,000 |
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Surplus |
1,000,000 |
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Undivided
Profits & |
41,941,708 |
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Unrealized
Gain or Loss on Securities |
1,495,323 |
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Total Stockholders' Equity |
44,955,031 |
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Total
Liabilities & |
507,754,195 |
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The Bank of Kirksville began as the wishful dream of a group of men sitting in the back room of the Adair County Miner's Bank of Connelsville. They dreamed of a bank with friendly service, sound financial advice, and a mission to give back to the community around them. With these ideals in place the Bank of Kirksville was issued a state charter on Christmas Eve, 1913. The bank took its first steps when it opened its doors on January 17, 1914 becoming the 5th bank operating in Kirksville. From the beginning, the Bank of Kirksville was closely tied to the surrounding community. The bank has always strived to offer the best service in the area and to evolve with the changing needs of the community. This dedication to our customers is reflected in the tremendous growth that the bank has seen since its inception. The first Statement of Condition was published in October of 1914 and showed the total assets to be $214,298.18. By 1923 the bank's total assets had more than tripled totaling $678,644.30. By 1953 when the assets totaled $5,676,490.98 it was clear to everyone that the Bank of Kirksville was the leading bank in the area. Today the bank still holds true to the ideas on which it was founded and continues to grow and expand. In December 2006 the bank's total assets were $415,259,430 and the future only looks brighter. Although the bank is continually growing to serve more and more people, you will never have to worry about being just a number. You will always get the benefits of a big city bank with the service of a small town friend. |