Personal Banking
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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 |
