The performance exceeded the bank’s asset goal of $31 million for the period, he added.
The bank “has been very blessed by the response of this community in our initial quarter of operation,” Wilson said, in speaking to the bank’s first ever shareholder meeting on Tuesday.
Based at 228 N. Second Ave., the bank opened for business May 23.
In addition to the asset totals, the bank reported total deposits of $28.4 million, and total loans outstanding of $22.3 million as of the end of August. As of Sept. 11, the bank has attracted deposit and loan account relationships from over 380 different households.
Also at the first shareholder’s meeting on Tuesday, the bank announced a planned groundbreaking for its permanent office building to be held during October.
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