Statement of Condition

Assets

Actual Dec 2016 Actual Dec 2015
Cash and due from banks 3,395,104 3,229,121
Fed funds sold & repos 14,206,683 22,562,178
Interest bearing deposits with banks 14,597,044 24,027,937
Investment Securities - Taxable 28,035,884 35,522,781
Investment Securities - Tax-exempt 28,461,505 25,120,157
Mortgage loans held for sale 802,100 237,405
Loans, net of unearned income 504,561,251 431,078,738
Less: Allowance for loan losses -8,950,370 -8,218,583
Premises and equipment, net 8,898,439 8,905,320
Accrued interest receivable 2,464,103 2,410,992
Other assets 13,048,069 12,489,953
Total Assets $609,519,811 $557,365,999

Liabilities

Actual Dec 2016 Actual Dec 2015
Non-Interest Bearing Deposits 108,163,627 92,741,043
Interest bearing demand deposits 102,864,993 83,600,468
Savings and Money Market Deposits 121,599,424 91,017,282
Time Deposits - Retail 156,779,233 162,335,798
Time Deposits - Wholesale 42,952,214 55,214,935
Total Deposits 532,359,491 484,909,526
Accrued expenses and other liabilities 1,929,855 1,799,855
FHLB Advances 13,000,000 13,000,000
Total Liabilities $547,289,346 $499,709,381

Equity

Actual Dec 2016 Actual Dec 2015
Common stock 330,000 330,000
Capital surplus 11,470,024 11,470,024
Retained earnings 39,477,630 34,420,612
Accumulated other comprehensive income (loss) -320,620 428,964
Net Income 11,273,432 11,007,018
Total Equity $62,230,465 $57,656,618
Total Liabilities & Equity $609,519,811 $557,365,999