About Us

Statement of Condition

Mar 31, 2018 Mar 31, 2017
ASSETS
Cash and Noninterst Bearing Balances $ 21,731,989 $ 21,585,138
Interest Bearing Balances $ 61,754,616 $ 79,869,895
Investment Securities $ 15,891,320 $ 20,803,137
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 818,288,139 $ 680,490,529
Less Allowance for Loan Loss $ (7,589,764) $ (7,027,806)
Net Loans $ 810,698,375 $ 673,462,724
Bank Premises and Fixed Assets $ 25,798,234 $ 25,854,858
Other Assets $ 37,985,512 $ 37,466,251
TOTAL ASSETS $ 974,110,045 $ 859,292,001
LIABILITIES
Noninterest Bearing Deposits $ 269,381,138 $ 205,479,987
Interest Bearing Deposits $ 610,943,382 $ 566,122,477
Federal Funds Purchased $ - $ -
Other Liabilities $ 1,908,622 $ 2,556,974
TOTAL LIABILITIES $ 882,233,142 $ 774,159,439
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 12,680,459 $ 12,680,459
Retained Earnings $ 78,196,445 $ 71,452,103
TOTAL SHAREHOLDER'S EQUITY $ 91,876,903 $ 85,132,562
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 974,110,045 $ 859,292,001