|
|
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
|
| | |