Message from the CEO            Statement Of Condition            About Us


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Message from the CEO
June 30, 2015

      As Third Quarter 2015 begins, we continue to ride the wave of momentum generated last year when we celebrated our 100th anniversary. Loan quality remains at an adequate level, loan demand is seasonal with some influence coming from pending interest rate increases and deposits are responding to the current market as anticipated.

      In 2014 it was generally believed that the FOMC would increase the federal funds and discount rate around mid-year 2015. Due to information contained in economic indicator reports, the FOMC has elected to delay the increase until a later time. It is uncertain when that might happen.

      Although it is inevitable that interest rates will change, the commitment from our employees to our customers will not! With more than six hundred years of combined banking experience our staff is fully committed to delivering a positive experience when assisting our customers. Take comfort in knowing that there are few situations or problems we have not experienced and dealt with. In those rare instances when something does arise which we’ve not seen before, have confidence that knowledge gained from our job duties will aid us when determining the best course of action to handle the situation.

     

100 Years

      Bank of Kirkville, a “Commitment to Excellence” since 1914.

Best regards,

Norman C. Belitz
Chief Executive Officer

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Statement of Condition
June 30, 2015

 

Assets

 

Cash & Due from Banks

14,477,093

Investment Securities-Held to Maturity

0

Investment Securities-Available for Sale

244,918,988

Other Investments

40,000

Federal Funds Sold

10,627,963

 

Loans:

 

      Loans Net of Unearned Income

201,851,311

      Allowance for Loan Losses

2,905,275

Net Loans

198,946,036

Premises and Fixed Assets

4,869,685

Other Real Estate Owned

1,466,230

Other Assets

2,861,381

 

Total Assets

478,207,376

 

Liabilities

 

Deposits:

 

      Non-Interest Bearing

52,370,992

      Interest Bearing

325,098,143

Total Deposits

377,469,135

Federal Funds Purchased & Securities
    Sold with Agreement to Repurchase

54,974,521

Other Liabilities

397,893

Total Liabilities

432,841,549

 

 

Stockholders' Equity

 

Common Stock

518,000

Surplus

1,000,000

Undivided Profits &
    Capital Reserves

43,207,545

Unrealized Gain or Loss on Securities
    Available for Sale

640,282

Total Stockholders' Equity

45,365,827

Total Liabilities &
    Stockholders' Equity

478,207,376


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About Us

      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.

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