| Message from the CEO | Statement Of Condition | About Us |
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Headlines have been full of negative news regarding the banking industry for nearly three years. We are constantly bombarded by stories of the Mortgage Crisis, Government Bail Outs, TARP money and the continuing recession.
While many would have you believe we are moving out of the recession, it is difficult to find any positive signs to support their claims. Unemployment figures remain high, the stock market continues its volatility, and housing prices in most markets appear stagnant at best. Banks are struggling, banks are being closed by regulators, banks are failing, and weak banks are merging with or being purchased by other stronger and better capitalized banks.
Bank of Kirksville is one of the strong and healthy banks! We are not buying our competitors, but instead we are focusing our efforts on making sound investment and business decisions. We are a community bank! Our business model does not include using local deposits to make investments in or provide funding for projects outside our trade territory. Instead, we are committed to the people and communities we serve. Lending policies have not changed; we continue to make quality loans daily; and we have funds available for additional loans. Bring us your loan request! Funding for additional loans is continuous as new deposits are collected daily from both new and existing customers. As the people of Northeast Missouri evaluate their banking choices and safety of their money, many realize that the best option is Bank of Kirksville where they can “Bank on Our Strength.” 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 |
9,974,856 |
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Investment Securities-Held to Maturity |
0 |
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Investment Securities-Available for Sale |
197,812,620 |
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Other Investments |
40,000 |
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Federal Funds Sold |
22,395,117 |
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Loans: |
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Loans Net of Unearned Income |
207,827,717 |
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Allowance for Loan Losses |
2,782,889 |
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Net Loans |
205,044,828 |
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Premises and Fixed Assets |
7,300,739 |
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Other Real Estate Owned |
1,127,918 |
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Other Assets |
4,766,505 |
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Total Assets |
448,462,583 |
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Liabilities |
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Deposits: |
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Non-Interest Bearing |
43,309,674 |
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Interest Bearing |
335,326,607 |
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Total Deposits |
378,636,281 |
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Federal Funds Purchased & Securities |
31,954,501 |
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Other Liabilities |
516,061 |
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Total Liabilities |
411,106,843 |
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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 & |
34,855,960 |
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Unrealized
Gain or Loss on Securities |
981,780 |
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Total Stockholders' Equity |
37,355,740 |
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Total
Liabilities & |
448,462,583 |
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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. |