|
|
Dec 31, 2018
|
Dec 31, 2017
|
| ASSETS |
|
|
|
Cash and Noninterst Bearing Balances
|
$ 22,763,008
|
$ 22,557,143
|
|
Interest Bearing Balances
|
$ 111,570,616
|
$ 44,192,209
|
|
Investment Securities
|
$ 13,042,517
|
$ 18,248,590
|
|
Federal Funds Sold
|
$ 250,000
|
$ 455,000
|
| | |
|
Loans
|
$ 909,029,763
|
$ 795,423,349
|
|
Less Allowance for Loan Loss
|
$ (7,681,739)
|
$ (7,222,262)
|
|
Net Loans
|
$ 901,348,024
|
$ 788,201,087
|
| | |
|
Bank Premises and Fixed Assets
|
$ 25,928,970
|
$ 25,806,767
|
|
Other Assets
|
$ 42,854,915
|
$ 37,985,214
|
|
TOTAL ASSETS
|
$ 1,117,758,050
|
$ 937,446,010
|
| | |
|
LIABILITIES
|
|
|
|
Noninterest Bearing Deposits
|
$ 302,113,588
|
$ 248,311,065
|
|
Interest Bearing Deposits
|
$ 696,869,754
|
$ 595,915,222
|
|
Federal Funds Purchased
|
$ -
|
$ -
|
|
Other Liabilities
|
$ 4,086,167
|
$ 2,531,435
|
|
TOTAL LIABILITIES
|
$ 1,003,069,508
|
$ 846,757,721
|
| | |
| SHAREHOLDER'S EQUITY |
| |
|
Common Stock
|
$ 1,000,000
|
$ 1,000,000
|
|
Paid in Surplus
|
$ 27,680,459
|
$ 12,680,459
|
|
Retained Earnings
|
$ 86,008,082
|
$ 77,007,830
|
|
TOTAL SHAREHOLDER'S EQUITY
|
$ 114,688,541
|
$ 90,688,289
|
|
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY
|
$ 1,117,758,050
|
$ 937,446,010
|
| | |