Message from the CEO            Statement Of Condition            About Us


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Message from the CEO
June 30, 2014

      As we begin the second half of 2014, all aspects of our business model continue as planned and on target. Asset quality remains strong while employees focus daily on our commitment to deliver high quality products and personal service.

      This model supports the common dream of those four founding fathers who 100 years ago formed a bank with a commitment to work hard for the people of Kirksville and the surrounding communities. It is this mission which has guided us over the last century and which has allowed us to grow into what we are today…the largest independently owned bank in Northeast Missouri.

      Our asset size of over $500 million dollars and never ending commitment to customer service aids Bank of Kirksville as we serve 18 counties through eight banking locations and 21 ATMs in six local communities. Independence provides a flexibility that allows us to make timely modifications where and when needed in order to meet the changing needs of our customer base as we strive for excellence.

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, 2014

 

Assets

 

Cash & Due from Banks

109,775,612

Investment Securities-Held to Maturity

0

Investment Securities-Available for Sale

178,201,139

Other Investments

40,000

Federal Funds Sold

15,593,174

 

Loans:

 

      Loans Net of Unearned Income

211,760,284

      Allowance for Loan Losses

3,119,031

Net Loans

208,641,253

Premises and Fixed Assets

6,432,809

Other Real Estate Owned

1,196,000

Other Assets

2,827,552

 

Total Assets

522,707,539

 

Liabilities

 

Deposits:

 

      Non-Interest Bearing

55,713,497

      Interest Bearing

377,361,448

Total Deposits

433,074,945

Federal Funds Purchased & Securities
    Sold with Agreement to Repurchase

41,022,859

Other Liabilities

365,898

Total Liabilities

474,463,702

 

 

Stockholders' Equity

 

Common Stock

518,000

Surplus

1,000,000

Undivided Profits &
    Capital Reserves

48,618,652

Unrealized Gain or Loss on Securities
    Available for Sale

(1,892,815)

Total Stockholders' Equity

48,243,837

Total Liabilities &
    Stockholders' Equity

522,707,539


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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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