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Statement of Condition

December 31, 2023

Assets

       
Cash & Due from Banks   $13,691,021  
Federal Reserve Balances    
US Treasury Bonds   $54,546,858  
US Agency Bonds   $19,114,055  
Mortgage Backed Bonds   $77,506,760  
Municipal Bonds   $150,392,658  
Other Bonds/CDs    $21,732,480  
Fair Market Adjustment   ($28,380,649)  
Loans $343,198,211    
Less Loan Loss Res. ($2,869,903)    
Total loans less ALLL   $475,024,659  
Fed Funds Sold   $7,603,000  
Bank buildings & fixtures   $9,212,945  
Interest Receivable   $7,482,299  
Other Assets   $1,025,854  
Total Assets   $808,951,940  
     



Liabilities

       
DDA deposits $292,493,090    
Time Deposits $211,561,300    
Total Deposits   $620,726,505  
       
Fed Home Loan Borrowing   $140,800,000  
Other Liabilities   $3,458,867  
Interest & Taxes Payables   $1,041,668  
Unrealized Gain on AFS Bonds   ($26,898,206)  
Total Liabilities   $739,128,834  
       
   



Capital

       
Capital Stock $203,500    
Surplus $26,246,500    
Undivided Profits $21,340,095    
       
Total Capital Accounts   $69,823,106  
Total Liabilities and Capital   $808,951,940