|
|
Dec 31, 2023
|
Dec 31, 2022
|
| ASSETS |
|
|
|
Cash and Noninterst Bearing Balances
|
$ 27,652,440
|
$ 31,634,708
|
|
Interest Bearing Balances
|
$ 122,915,468
|
$ 345,614,257
|
|
Investment Securities
|
$ 21,487,581
|
$ 119,515,125
|
|
Federal Funds Sold
|
$ 250,000
|
$ 250,000
|
| | |
|
Loans
|
$ 1,422,076,055
|
$ 1,328,462,628
|
|
Less Allowance for Credit Loss
|
$ (15,418,289)
|
$ (14,272,143)
|
|
Net Loans
|
$ 1,406,657,766
|
$ 1,314,190,485
|
| | |
|
Bank Premises and Fixed Assets
|
$ 39,586,420
|
$ 42,146,939
|
|
Other Assets
|
$ 58,577,024
|
$ 53,923,551
|
|
TOTAL ASSETS
|
$ 1,677,126,699
|
$ 1,907,275,066
|
| | |
|
LIABILITIES
|
|
|
|
Noninterest Bearing Deposits
|
$ 508,447,890
|
$ 544,059,570
|
|
Interest Bearing Deposits
|
$ 949,951,983
|
$ 1,167,725,583
|
|
Federal Funds Purchased
|
$ -
|
$ -
|
|
Other Liabilities
|
$ 10,832,543
|
$ 10,416,292
|
|
TOTAL LIABILITIES
|
$ 1,469,232,416
|
$ 1,722,201,444
|
| | |
| SHAREHOLDER'S EQUITY |
| |
|
Common Stock
|
$ 1,000,000
|
$ 1,000,000
|
|
Paid in Surplus
|
$ 36,680,459
|
$ 36,680,459
|
|
Retained Earnings
|
$ 170,213,825
|
$ 147,393,162
|
|
TOTAL SHAREHOLDER'S EQUITY
|
$ 207,894,283
|
$ 185,073,621
|
|
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY
|
$ 1,677,126,699
|
$ 1,907,275,066
|
| | |