Message from the CEO            Statement Of Condition            About Us


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Message from the CEO
March 31, 2013

      Commitment to Excellence …more than just a catchy advertising line.

      Each and every day the employees and staff at Bank of Kirksville promote products which are designed and well suited to the needs of our customers. Delivery of these products is done with a strong attention to detail in order to match customers with products that will bring them the greatest benefit and satisfaction. We use this same focus to insure that experience and interaction at any of our eight convenient locations is consistent, timely, effective and efficient. This includes the most complex loan transactions to gaining access to a lock box or a simple deposit transaction.

      Reaction to our operating concept in support of our Commitment to Excellence has been well received by the people and communities of Northeast Missouri. When we measure the level of our customers’ satisfaction by the amount of our total assets, satisfaction is strong! Over the last five years while battling the effects of “The Mortgage Crisis”, “The Great Recession”, and the threat of “Fiscal Cliff 2012”, growth of total assets is an attractive thirty two percent.

      We will continue to operate in an efficient and sound manner as we charge into 2014 when we will celebrate a 100 year tradition of providing financial strength you can bank on!

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

Best regards,

Norman C. Belitz
Chief Executive Officer

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Statement of Condition
March 31, 2013

 

Assets

 

Cash & Due from Banks

10,199,581

Investment Securities-Held to Maturity

0

Investment Securities-Available for Sale

234,947,371

Other Investments

40,000

Federal Funds Sold

79,920,611

 

Loans:

 

      Loans Net of Unearned Income

201,235,979

      Allowance for Loan Losses

3,199,272

Net Loans

198,036,707

Premises and Fixed Assets

6,994,830

Other Real Estate Owned

2,744,847

Other Assets

3,402,705

 

Total Assets

536,286,652

 

Liabilities

 

Deposits:

 

      Non-Interest Bearing

57,757,251

      Interest Bearing

398,082,335

Total Deposits

455,839,586

Federal Funds Purchased & Securities
    Sold with Agreement to Repurchase

32,105,677

Other Liabilities

487,416

Total Liabilities

488,432,679

 

 

Stockholders' Equity

 

Common Stock

518,000

Surplus

1,000,000

Undivided Profits &
    Capital Reserves

47,008,034

Unrealized Gain or Loss on Securities
    Available for Sale

(672,061)

Total Stockholders' Equity

47,853,973

Total Liabilities &
    Stockholders' Equity

536,286,652


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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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