About Us

Statement of Condition

Dec 31, 2019 Dec 31, 2018
ASSETS
Cash and Noninterst Bearing Balances $ 26,516,580 $ 22,763,008
Interest Bearing Balances $ 106,832,187 $ 111,570,616
Investment Securities $ 9,584,457 $ 13,042,517
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 966,583,918 $ 909,029,763
Less Allowance for Loan Loss $ (8,466,623) $ (7,681,739)
Net Loans $ 958,117,295 $ 901,348,024
Bank Premises and Fixed Assets $ 25,503,796 $ 25,928,970
Other Assets $ 42,039,177 $ 42,854,915
TOTAL ASSETS $ 1,168,843,493 $ 1,117,758,050
LIABILITIES
Noninterest Bearing Deposits $ 329,464,532 $ 302,113,588
Interest Bearing Deposits $ 704,224,744 $ 696,869,754
Federal Funds Purchased $ - $ -
Other Liabilities $ 6,140,483 $ 4,086,167
TOTAL LIABILITIES $ 1,039,829,759 $ 1,003,069,508
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 27,680,459 $ 27,680,459
Retained Earnings $ 100,333,274 $ 86,008,082
TOTAL SHAREHOLDER'S EQUITY $ 129,013,733 $ 114,688,541
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1,168,843,493 $ 1,117,758,050