About Us

Statement of Condition

Sept 30, 2017 Sept 30, 2016
ASSETS
Cash and Noninterst Bearing Balances $ 25,651,188 $ 17,794,802
Interest Bearing Balances $ 77,071,560 $ 88,854,500
Investment Securities $ 18,574,406 $ 24,079,572
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 752,228,307 $ 652,237,754
Less Allowance for Loan Loss $ (7,642,445) $ (6,424,052)
Net Loans $ 744,585,862 $ 645,813,702
Bank Premises and Fixed Assets $ 25,484,162 $ 18,849,750
Other Assets $ 38,929,271 $ 38,764,219
TOTAL ASSETS $ 930,546,448 $ 834,406,544
LIABILITIES
Noninterest Bearing Deposits $ 249,495,065 $ 213,278,353
Interest Bearing Deposits $ 589,506,614 $ 534,162,178
Federal Funds Purchased $ - $ -
Other Liabilities $ 2,420,756 $ 4,906,769
TOTAL LIABILITIES $ 841,422,435 $ 752,347,301
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 12,680,459 $ 12,680,459
Retained Earnings $ 75,443,555 $ 68,378,785
TOTAL SHAREHOLDER'S EQUITY $ 89,124,014 $ 82,059,243
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 930,546,448 $ 834,406,544