About Us

Statement of Condition

Dec 31, 2017 Dec 31, 2016
ASSETS
Cash and Noninterst Bearing Balances $ 22,557,143 $ 18,594,155
Interest Bearing Balances $ 44,192,209 $ 88,816,475
Investment Securities $ 18,248,590 $ 23,472,750
Federal Funds Sold $ 455,000 $ 492,000
Loans $ 795,423,349 $ 651,219,897
Less Allowance for Loan Loss $ (7,222,262) $ (6,683,714)
Net Loans $ 788,201,087 $ 644,536,183
Bank Premises and Fixed Assets $ 25,806,767 $ 20,453,500
Other Assets $ 37,985,214 $ 38,982,119
TOTAL ASSETS $ 937,446,010 $ 835,347,182
LIABILITIES
Noninterest Bearing Deposits $ 248,311,065 $ 202,530,671
Interest Bearing Deposits $ 595,915,222 $ 543,873,994
Federal Funds Purchased $ - $ -
Other Liabilities $ 2,531,435 $ 4,172,975
TOTAL LIABILITIES $ 846,757,721 $ 750,577,640
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 12,680,459 $ 12,680,459
Retained Earnings $ 77,007,830 $ 71,089,084
TOTAL SHAREHOLDER'S EQUITY $ 90,688,289 $ 84,769,542
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 937,446,010 $ 835,347,182