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Statement of Condition

December 31, 2019

Assets

       
Cash & Due from Banks   $8,593,420  
Federal Reserve Balances   $9,700,000  
US Agency Bonds   $11,132,370  
Mortgage Backed Bonds   $52,231,106  
Municipal Bonds   $44,050,505  
Other Bonds/CDs    $5,548,271  
Loans $327,009,415    
Less Loan Loss Res. ($3,376,546)    
       
Net Loans   $323,632,869  
Bank Buildings/Property   $10,193,682  
Interest Receivable   $4,985,537  
Other Assets   $1,150,675  
Total Assets   $471,218,435  
     



Liabilities

       
DDA deposits $239,069,696    
Time/Svgs. Deposits $175,715,520    
Total Deposits   $414,785,216  
       
Fed Home Loan Borrowing   $5,627,283  
Fed Funds Purchased   $500,000  
Other Liabilities   $6,309,112  
Interest & Taxes Payables   $717,913  
Unrealized Gain on AFS Bonds   $(1,243,872)  
Total Liabilities   $429,183,396  
       
   



Capital

       
Capital Stock $203,500    
Surplus $26,246,500    
Undivided Profits $15,585,039    
       
Total Capital Accounts   $42,035,039 8.9205%
Total Liabilities and Capital   $471,218,435