NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 2. FAIR VALUE OF FINANCIAL INSTRUMENTS, continued RSeeccuurrriitni egsbaavsaisi l:a b l e -f o r -s a l e : U.S. Government agencies $ 56,280,195 $ December 31, 2024: State and political subdivisions 250,080 Mortgage-backed securities 4,434,794 Other debt securities 74,370 NIomnp- raei rceudr rlionagnbs ,aws iist:h a l l o w a n c e 14,510,570 Loans held for sale Mortgage servicing rights Foreclosed assets 12,617,222 7,471,379 300,000
-$ 56,280,195 $ - 250,080 - 4,434,794 - 74,370 - 12,617,222
- - - - -
- - -
- 7,471,379 - 14,510,570 - 300,000
$ 95,938,610 $
-$ 73,656,661 $ 22,281,949
Tanhde 2e0st2im4 aarteedasfafiorllvoawluse:s in thousands of dollars of the Company’s financial instruments at December 31, 2025 December 31, 2025 December 31, 2024
Carrying Amount
Fair Value
Carrying Amount
Fair Value
Financial Assets: Cash and cash equivalents Securities available-for-sale Securities held-to-maturity Other investments--stock Loans held for sale Less: Allowance for possible Loans loan losses Mortgage servicing rights Bank owned life insurance Accrued interest receivable Financial Liabilities: Deposits Short-term debt Long-term debt Accrued interest payable Trust Preferred Securities Net loans Unrecognized Instruments Standby letters of credit
$ 582,292 $ 582,292 $ 416,352 $ 416,352
62,802
62,802
61,039
61,039
Ǧ
Ǧ
Ǧ
Ǧ
4,375
4,375
4,885
4,885
12,898
12,898
12,617
12,617
3,439,286
3,477,530
3,224,986
3,206,090
42,593
42,593
41,137
41,137
3,409,591
3,447,835
3,196,466
3,177,570
6,874
6,874
7,471
7,471
58,738 20,836
58,738 20,836
51,613 19,443
51,613 19,443
3,760,938
3,279,155
3,401,614
3,028,548
Ǧ Ǧ
Ǧ
Ǧ
11,975
11,514
31,544
29,981
7,483
7,483 5,257 5,257
9,500
10,406
9,500 10,086
Unused loan commitments Revolving home equity lines
27,653 905,177 59,099
28,607 790,166 47,753
2025 Annual Report | 32
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