Statement of Condition

Assets

Actual Dec 2018 Actual Dec 2017
Cash and due from banks 4,377,463 5,871,620
Fed funds sold & repos 14,044,014 6,624,488
Interest bearing deposits with banks 27,349,630 34,708,486
Investment Securities - Taxable 44,367,113 26,612,922
Investment Securities - Tax-exempt 32,195,130 30,686,399
Mortgage loans held for sale 1,231,582 325,200
Loans, net of unearned income 611,798,139 559,168,531
Less: Allowance for loan losses (9,480,990) (9,417,617)
Premises and equipment, net 8,884,435 9,037,661
Accrued interest receivable 3,064,251 2,816,199
Other assets 11,798,178 12,229,047
Total Assets $749,628,944 $678,662,935

Liabilities

Actual Dec 2018 Actual Dec 2017
Non-Interest Bearing Deposits 125,379,150 117,341,208
Interest bearing demand deposits 113,998,982 107,684,767
Savings and Money Market Deposits 211,729,711 150,729,259
Time Deposits - Retail 183,387,552 169,649,605
Time Deposits - Wholesale 23,488,543 47,801,953
Total Deposits 657,983,939 593,206,793
Accrued expenses and other liabilities 2,757,273 2,801,863
FHLB Advances 9,000,000 12,000,000
Total Liabilities $669,741,211 $608,008,656

Equity

Actual Dec 2018 Actual Dec 2017
Common stock 330,000 330,000
Capital surplus 11,470,024 11,470,024
Retained earnings 53,193,576 44,851,062
Accumulated other comprehensive income (loss) (457,266) 210,679
Net Income 15,351,399 13,792,514
Total Equity $79,887,733 $70,654,279
Total Liabilities & Equity $749,628,944 $678,662,935