About Us

Statement of Condition

Sept 30, 2016 Sept 30, 2015
ASSETS
Cash and Noninterst Bearing Balances $ 17,794,802 $ 13,615,368
Interest Bearing Balances $ 88,854,500 $ 70,164,721
Investment Securities $ 24,079,572 $ 21,693,704
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 652,237,754 $ 557,179,787
Less Allowance for Loan Loss $ (6,424,052) $ (5,862,118)
Net Loans $ 654,813,702 $ 551,317,669
Bank Premises and Fixed Assets $ 18,849,750 $ 11,976,726
Other Assets $ 38,764,219 $ 37,642,048
TOTAL ASSETS $ 834,406,544 $ 706,660,236
LIABILITIES
Noninterest Bearing Deposits $ 213,278,353 $ 150,688,255
Interest Bearing Deposits $ 534,162,178 $ 473,627,746
Federal Funds Purchased $ - $ -
Other Liabilities $ 4,906,769 $ 4,327,855
TOTAL LIABILITIES $ 752,347,301 $ 628,643,856
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 12,680,459 $ 12,680,459
Retained Earnings $ 68,378,785 $ 64,335,920
TOTAL SHAREHOLDER'S EQUITY $ 82,059,243 $ 78,016,379
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 834,406,544 $ 706,660,236