Message from the CEO            Statement Of Condition            About Us


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Message from the CEO
June 30, 2017

      As we drift through the hot days of a traditional Northeast Missouri summer, there is a disturbance to the standard peace and quiet the City of Kirksville has grown accustomed to at this time of year. That disturbance is the hustle and bustle of construction crews working on projects which stretch from the North to South ends of Kirksville.

      It is a very exciting time in Kirksville as one looks down the road of economic opportunity

      New national retailers
      New regional retailers
      New national hotels
      Retailers who have moved into newly constructed locations
      Retailers expanding their buildings
      Former service locations being remodeled to house new businesses
      Long time anchor businesses improving their locations and buildings
      Major expansion of local factory

      As other communities served by Bank of Kirksville have experienced economic growth and success in recent past, we have taken an active position in that process whenever possible. Now, as economic growth and development in the City of Kirksville surge forward, we stand at the ready to once again assist as needed.

      Bank of Kirksville, 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
June 30, 2017

 

Assets

 

Cash & Due from Banks

103,955,908

Investment Securities-Held to Maturity

0

Investment Securities-Available for Sale

163,780,047

Other Investments

40,000

Federal Funds Sold

17,537,514

 

Loans:

 

      Loans Net of Unearned Income

178,566,585

      Allowance for Loan Losses

1,841,302

Net Loans

176,725,283

Premises and Fixed Assets

4,413,534

Other Real Estate Owned

30,080

Other Assets

2,676,509

 

Total Assets

469,158,875

 

Liabilities

 

Deposits:

 

      Non-Interest Bearing

59,253,720

      Interest Bearing

319,585,802

Total Deposits

378,839,522

Federal Funds Purchased & Securities
    Sold with Agreement to Repurchase

44,755,447

Other Liabilities

400,639

Total Liabilities

423,995,608

 

 

Stockholders' Equity

 

Common Stock

518,000

Surplus

1,000,000

Undivided Profits &
    Capital Reserves

43,627,817

Unrealized Gain or Loss on Securities
    Available for Sale

17,450

Total Stockholders' Equity

45,163,267

Total Liabilities &
    Stockholders' Equity

469,158,875


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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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