|
|
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
|
| | |