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 |
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 |
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 |