About Us

Statement of Condition

Mar 31, 2020 Mar 31, 2019
ASSETS
Cash and Noninterst Bearing Balances $ 30,163,176 $ 26,532,083
Interest Bearing Balances $ 111,703,954 $ 54,755,561
Investment Securities $ 9,063,041 $ 11,152,199
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 985,737,918 $ 941,519,358
Less Allowance for Loan Loss $ (8,848,437) $ (8,126,465)
Net Loans $ 976,889,481 $ 933,392,893
Bank Premises and Fixed Assets $ 25,202,089 $ 25,931,053
Other Assets $ 43,574,010 $ 40,200,354
TOTAL ASSETS $ 1,196,845,751 $ 1,092,214,143
LIABILITIES
Noninterest Bearing Deposits $ 334,658,866 $ 300,590,170
Interest Bearing Deposits $ 723,981,465 $ 670,111,961
Federal Funds Purchased $ - $ -
Other Liabilities $ 7,070,542 $ 3,585,225
TOTAL LIABILITIES $ 1,065,710,873 $ 974,287,356
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 27,680,459 $ 27,680,459
Retained Earnings $ 102,454,420 $ 89,246,328
TOTAL SHAREHOLDER'S EQUITY $ 131,134,878 $ 117,926,786
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1,196,845,751 $ 1,092,214,143