About Us

Statement of Condition

Sep 30, 2020 Sep 30, 2019
ASSETS
Cash and Noninterst Bearing Balances $ 27,434,034 $ 25,881,167
Interest Bearing Balances $ 250,434,830 $ 109,618,431
Investment Securities $ 10,141,219 $ 9,781,925
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 1,189,351,668 $ 956,007,985
Less Allowance for Loan Loss $ (10,882,662) $ (9,037,678)
Net Loans $ 1,178,469,006 $ 946,970,307
Bank Premises and Fixed Assets $ 25,499,241 $ 25,644,975
Other Assets $ 46,658,476 $ 43,897,704
TOTAL ASSETS $ 1,538,886,806 $ 1,162,044,508
LIABILITIES
Noninterest Bearing Deposits $ 443,222,858 $ 343,946,441
Interest Bearing Deposits $ 950,460,492 $ 686,923,251
Federal Funds Purchased $ - $ -
Other Liabilities $ 8,341,527 $ 4,904,293
TOTAL LIABILITIES $ 1,402,024,877 $ 1,035,773,985
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 27,680,459 $ 27,680,459
Retained Earnings $ 108,181,471 $ 97,590,065
TOTAL SHAREHOLDER'S EQUITY $ 136,861,930 $ 126,270,524
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1,538,886,806 $ 1,162,044,508