About Us

Statement of Condition

Dec 31, 2018 Dec 31, 2017
ASSETS
Cash and Noninterst Bearing Balances $ 22,763,008 $ 22,557,143
Interest Bearing Balances $ 111,570,616 $ 44,192,209
Investment Securities $ 13,042,517 $ 18,248,590
Federal Funds Sold $ 250,000 $ 455,000
Loans $ 909,029,763 $ 795,423,349
Less Allowance for Loan Loss $ (7,681,739) $ (7,222,262)
Net Loans $ 901,348,024 $ 788,201,087
Bank Premises and Fixed Assets $ 25,928,970 $ 25,806,767
Other Assets $ 42,854,915 $ 37,985,214
TOTAL ASSETS $ 1,117,758,050 $ 937,446,010
LIABILITIES
Noninterest Bearing Deposits $ 302,113,588 $ 248,311,065
Interest Bearing Deposits $ 696,869,754 $ 595,915,222
Federal Funds Purchased $ - $ -
Other Liabilities $ 4,086,167 $ 2,531,435
TOTAL LIABILITIES $ 1,003,069,508 $ 846,757,721
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 27,680,459 $ 12,680,459
Retained Earnings $ 86,008,082 $ 77,007,830
TOTAL SHAREHOLDER'S EQUITY $ 114,688,541 $ 90,688,289
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1,117,758,050 $ 937,446,010