| Message from the CEO | Statement Of Condition | About Us |
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Success, Growth, and Commitment. It is a fact that the number of banking options continues to increase. Such competition gives Bank of Kirksville the opportunity to demonstrate our ability to succeed in conquering new challenges. As the banking leader in Northeast Missouri, our size and flexibility allows us to respond quickly to the changing needs of our customers. This unique ability has led to another year of successful asset growth and continued profitability. Location growth has been a focus for a number of years and this year was no different. Our independent network of ATMs continued to grow with the addition of four new locations. The next time you are in need of an ATM, simply look for one of our thirty-two convenient red, white, and blue ATMs with the familiar “BofK” logo. We are very proud of this growth, but our greatest accomplishment this year was the successful construction and opening of our newest banking location: Bank of Memphis, a Division of Bank of Kirksville. While the accomplishments noted above are significant, we like to think of them as another way of demonstrating our commitment to our friends and neighbors in Northeast Missouri. 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 |
6,339,641 |
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Investment Securities-Held to Maturity |
0 |
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Investment Securities-Available for Sale |
133,749,993 |
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Other Investments |
40,000 |
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Federal Funds Sold |
23,897,116 |
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Loans: |
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Loans Net of Unearned Income |
224,636,532 |
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Allowance for Loan Losses |
2,494,827 |
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Net Loans |
222,141,705 |
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Premises and Fixed Assets |
7,343,108 |
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Other Real Estate Owned |
1,662,071 |
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Other Assets |
14,748,015 |
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Total Assets |
409,921,649 |
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Liabilities |
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Deposits: |
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Non-Interest Bearing |
31,810,713 |
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Interest Bearing |
332,049,012 |
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Total Deposits |
363,859,725 |
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Federal Funds Purchased & Securities |
14,173,763 |
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Other Liabilities |
1,200,898 |
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Total Liabilities |
379,234,386 |
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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 & |
29,686,992 |
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Unrealized
Gain or Loss on Securities |
(517,729) |
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Total Stockholders' Equity |
30,687,263 |
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Total
Liabilities & |
409,921,649 |
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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. |