Financial Statement | Morris Bank

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

		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

		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