Dollar airplane flying off.

Tips For Saving Money

It’s the start of a fresh new year and there’s no better time than now to start working on your savings!

 

Tip #1: Set a goal.

Saving for a vacation to your dream destination?  Have an idea of how much you want your savings account to become? Set a goal for it!  It will help you keep sight for the light at the end of the tunnel.

Tip #2: Write down your expenses and stick to them!

Put everything in categories and put a certain percentage or amount from your paycheck into each one.  Here’s the hard part: you have to stick to that amount!  Going out for a big steak dinner but only have $5 left in your “eating out” fund?  Try going for the dollar menu until the next pay day.

Tip #3: Think before making that big purchase.

Instead of making that splurge purchase, go home and sleep on it.  If you still think you need it in two days, then go get it.  We have a tendency to frown upon “on-a-whim” big purchases after a few days.  Think before you buy.

Tip #4: Pay with cash.

Pay with cash and put the coins/change in a piggy bank at the end of the day.  Not only will that piggy bank start getting heavy, but this will help you not to overspend at the store and rack up that credit card.

Tip #5: Celebrate your achieved goal!

Did you get to your savings goal?  That’s great, but don’t forget to celebrate!  Doesn’t have to be anything big, but it helps keep a positive mindset when you get to celebrate what you achieved.

12-31-17

REPORT OF CONDITION: 12-31-17

REPORT OF CONDITION FOR AMERICAN NATIONAL BANK AS OF DECEMBER 31, 2017(IN THOUSANDS)

ASSETS

1. Cash and balances due:
   a. Noninterest-bearing balances..........................11,537
   b. Interest-bearing balances.......................................21,291
2. Securities:
   a. Held-to-maturity securities..........................................0
   b. Available-for-sale securities...................................124,607
3. Federal funds
   a. Federal funds sold................................................0
   b. Securities purchased under agreements to resell......................0
4. Loans and lease financing receivables:
   a. Loans and leases held for sale...................................1,251
   a. Loans and leases, net of unearned income.......................429,249
   b. LESS: Allowance for loan and lease losses........................5,075
   c. Loans and leases, net of unearned income and allowance..........424,174
5. Trading assets..........................................................0
6. Premises and fixed assets..........................................19,716
7. Other real estate owned.............................................1,128
8. Investments in unconsolidated subsidiaries and associated companies.....0
9. Direct and indirect investments in real estate ventures............0
10a.Intangible assets: Goodwill.......................................4,220
10b.Intangible assets:Other intangible assets.........................1,859
11.Other assets.......................................................29,448
12.Total assets......................................................639,231

LIABILITIES

13.Deposits:
   a. In domestic offices............................................535,067
      (1) Noninterest-bearing.........................................144,317
      (2) Interest-bearing...........................................390,750
14.Federal funds purchased 
   a. Federal funds purchased............................................0
15.a. Securities sold under agreements to repurchase....................589
   b. Trading liabilities..............................................0
16.Other borrowed money...............................................20,000
17.Subordinated notes and debentures.......................................0
18.Other liabilities...................................................7,602
19.Total liabilities.................................................563,258

EQUITY CAPITAL

20.Perpetual preferred stock and related surplus...........................0
21.Common stock........................................................1,680
22.Surplus.............................................................12,995
23.Retained earnings...................................................61,832
24.Accumulated and other comprehensive income..........................-534
25.Other equity capital components.....................................0
26.Total bank equity capital..........................................75,973
27.Noncontrolling (minority) interests in consolidated subsidiaries....0
28.Total equity capital...............................................75,973
29.Total liabilities and equity capital...............................639,231