Message from the CEO            Statement Of Condition            About Us


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Message from the CEO
June 30, 2016

      As we journey into the second half of 2016, uncertainty seems to be a common theme. While the economy continues to move forward it is with only small improvement. This election year is not different than many of the past with candidates concentrating on pointing out the flaws of their opponents instead of educating voters on why they are the best person for the job. Farmers report the condition of their row crop fields as generally positive but maintain concerns over flat commodities prices.

      There is nothing Bank of Kirksville can do to push start the economy, and the direction of the nation will be determined by voters in November, and supply and demand will dictate fall harvest prices for our farmers. What Bank of Kirksville can and does provide each and every day is strong focus to customer satisfaction.

      Being your local community bank we offer effective and efficient basic loan and deposit products. Simple but powerful in that they accomplish what customers want without being overly complex. Delivery comes face to face from people you know and who you can feel comfortable with when you have a question or concern.

      When you find yourself needing a bank with long and committed ties to your community, think Bank of Kirksville! Bank of Kirkville, a community bank driven by a “Commitment to Excellence” since 1914.

Best regards,

Norman C. Belitz
Chief Executive Officer

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Statement of Condition
March 31, 2016

 

Assets

 

Cash & Due from Banks

25,921,344

Investment Securities-Held to Maturity

0

Investment Securities-Available for Sale

216,204,805

Other Investments

40,000

Federal Funds Sold

5,447,144

 

Loans:

 

      Loans Net of Unearned Income

200,078,852

      Allowance for Loan Losses

1,860,356

Net Loans

198,218,496

Premises and Fixed Assets

4,781,472

Other Real Estate Owned

363,000

Other Assets

2,777,483

 

Total Assets

453,753,744

 

Liabilities

 

Deposits:

 

      Non-Interest Bearing

52,960,478

      Interest Bearing

299,354,533

Total Deposits

352,315,011

Federal Funds Purchased & Securities
    Sold with Agreement to Repurchase

56,419,202

Other Liabilities

244,305

Total Liabilities

408,978,518

 

 

Stockholders' Equity

 

Common Stock

518,000

Surplus

1,000,000

Undivided Profits &
    Capital Reserves

41,935,999

Unrealized Gain or Loss on Securities
    Available for Sale

1,321,227

Total Stockholders' Equity

44,775,226

Total Liabilities &
    Stockholders' Equity

453,753,744


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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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