About Us

Statement of Condition

March 31, 2017 March 31, 2016
ASSETS
Cash and Noninterst Bearing Balances $ 21,585,138 $ 15,451,567
Interest Bearing Balances $ 79,869,895 $ 83,200,265
Investment Securities $ 20,803,137 $ 24,282,600
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 680,490,529 $ 598,000,834
Less Allowance for Loan Loss $ (7,027,806) $ (5,758,317)
Net Loans $ 673,462,724 $ 592,242,517
Bank Premises and Fixed Assets $ 25,854,858 $ 12,426,802
Other Assets $ 37,466,251 $ 37,333,874
TOTAL ASSETS $ 859,292,001 $ 765,187,624
LIABILITIES
Noninterest Bearing Deposits $ 205,479,987 $ 174,179,841
Interest Bearing Deposits $ 566,122,477 $ 506,654,745
Federal Funds Purchased $ - $ -
Other Liabilities $ 2,556,974 $ $4,487,491
TOTAL LIABILITIES $ 774,159,439 $ 685,322,077
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 12,680,459 $ 12,680,459
Retained Earnings $ 71,452,103 $ 66,185,089
TOTAL SHAREHOLDER'S EQUITY $ 85,132,562 $ 79,865,548
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 859,292,001 $ 765,187,624