Lake Elmo Bank

statement of condition

Dear Customers, Friends and Colleagues,

We are pleased to share with you our Statement of Condition.  Our strong capital position allows us to continue our 104-year tradition of providing a full-range of financial products and services.  Our financial position also allows us to make investments in staff and technology to better serve you.  We are committed to remain an independent, locally-owned and community-focused bank.  We are proud that our employees are owners through an employee stock ownership plan.

From all of us at Lake Elmo Bank, thank you for trusting us with your business and banking relationships. We are excited about the future and look forward to continuing our tradition of "service second to none."

June 30, 2015
ASSETS
Cash & Due from Banks
 $9,369,000
Federal Funds Sold -0-
Investment Securities 97,788,000
Net Loans & Leases
183,714,000
Premises & Fixed Assets 7,210,000
Other Assets 10,602,000
TOTAL ASSETS $308,683,000
LIABILITIES AND EQUITY CAPITAL
LIABILITIES:
Deposits $274,350,000
Other Liabilities 4,918,000
Total Liabilities $279,268,000
EQUITY CAPITAL:
Common Stock $100,000
Surplus 14,900,000
Undivided Profits 14,077,000
Net Unrealized Gain on Securities 338,000
Total Equity Capital 29,415,000
TOTAL LIABILITIES AND EQUITY CAPITAL
$308,683,000


Chief Executive Officer
Daniel D. Raleigh
Chairman
Donald T. Raleigh
Chief Financial Officer
Thomas O. Pearson

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