Annual Report 2024

Assets ($000’s) 2024 2023 Cash and due from banks $59,699 $95,746 Short-term investments - 475 Total cash and cash equivalents 59,699 96,221 Securities available for sale, at fair value 183,400 175,401 Federal Home Loan Bank stock, at cost 745 860 Loans, net of allowance for credit losses of $4,397 and $4,481 at March 31, 2024 and 2023, respectively 475,635 461,033 Premises and equipment, net 8,926 8,965 Accrued interest receivable 2,651 2,063 Net deferred tax asset 6,659 6,129 Bank-owned life insurance 19,325 18,832 Mortgage servicing rights 354 351 Core deposit intangible 15 45 Other assets 1,902 1,463 Total assets $759,311 $771,363 Liabilities and Surplus Deposits $664,022 $680,013 Long-term borrowings 6,309 8,511 Mortgagors' escrow accounts 1,629 1,607 Accrued expenses and other liabilities 4,432 3,356 Total liabilities 676,392 693,487 Total surplus 82,919 77,876 Total liabilities and surplus $759,311 $771,363 Greenfield Bancorp, MHC and Subsidiary Unaudited Consolidated Statement of Condition As of Years Ended March 31, 2024 and March 31, 2023