Financial Statement | Morris Bank

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

		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