Consolidated Statement of Condition

Winchester Co-operative Bank is committed to maintaining financial strength and stability through prudent and thoughtful management. Please contact a member of our team if you have any questions about this statement.

Assets, Liabilities and Equity as of April 30, 2023 20232022
Cash and due from banks$4,898,774$2,869,639
Fed overnight Investments33,541,406208,316,066
• Total cash and cash equivalents38,440,180211,185,705
Investment securities
• Held to maturity, at amortized cost140,667,227108,386,074
Loans receivable, net554,478,151470,205,193
Cash surrender value of bank-owned life insurance10,235,262n/a
Accrued interest receivable2,370,2991,551,498
Premises and equipment4,022,9184,311,843
Federal Home Loan Bank Stock514,500514,500
Deferred income tax asset299,065251,790
Prepaid federal and state income taxes385,000103,400
Prepaid expenses and other assets683,064504,032
Liabilities and Equity
• Deposits$645,997,827$ 696,426,270
• Mortgagors' escrow accounts466,22878,444
• Accrued expenses and other liabilities1,604,9181,294,697
• Borrowings2,500,0002,500,000
• Retained earnings101,526,69396,714,624
$ 752,095,666$797,014,024

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