About Us

Statement of Condition

Mar 31, 2019 Mar 31, 2018
ASSETS
Cash and Noninterst Bearing Balances $ 26,532,083 $ 21,731,989
Interest Bearing Balances $ 54,755,561 $ 61,754,616
Investment Securities $ 11,152,199 $ 15,891,320
Federal Funds Sold $ 250,000 $ 250,000
Loans $ 941,519,358 $ 818,288,139
Less Allowance for Loan Loss $ (8,126,465) $ (7,589,764)
Net Loans $ 933,392,893 $ 810,698,375
Bank Premises and Fixed Assets $ 25,931,053 $ 25,798,234
Other Assets $ 40,200,354 $ 37,985,512
TOTAL ASSETS $ 1,092,214,143 $ 974,110,045
LIABILITIES
Noninterest Bearing Deposits $ 300,590,170 $ 269,381,138
Interest Bearing Deposits $ 670,111,961 $ 610,943,382
Federal Funds Purchased $ - $ -
Other Liabilities $ 3,585,225 $ 1,908,622
TOTAL LIABILITIES $ 974,287,356 $ 882,233,142
SHAREHOLDER'S EQUITY
Common Stock $ 1,000,000 $ 1,000,000
Paid in Surplus $ 27,680,459 $ 12,680,459
Retained Earnings $ 89,246,328 $ 78,196,445
TOTAL SHAREHOLDER'S EQUITY $ 117,926,786 $ 91,876,903
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY $ 1,092,214,143 $ 974,110,045