Financial Reports
| 2020 | 2019 | |
|---|---|---|
| Assets | ||
| Cash & Balances Due from Banks | $50,424,044 | $14,711,065 |
| Investment Securities | 378,887,006 | 244,424,168 |
| Loans | 643,872,636 | 639,558,750 |
| Allowance for Loan & Lease Losses | (8,825,000) | (7,560,000) |
| Net Loans | 635,047,636 | 631,998,750 |
| Bank Premises & Equipment | 16,654,494 | 16,103,315 |
| Other Assets | 33,161,113 | 29,901,992 |
| Total Assets | $1,114,174,293 | $937,139,290 |
| Liabilities | ||
| Deposits | ||
| Checking Accounts | $458,442,951 | $350,747,990 |
| Time Deposits | 133,837,525 | 166,190,793 |
| Other Deposits | 307,988,824 | 230,039,399 |
| Total Deposits | 900,269,300 | 746,978,182 |
| Borrowed Funds* | 36,715,752 | 35,942,400 |
| Other Liabilities | 13,653,744 | 11,549,687 |
| Total Liabilities | 950,638,796 | 794,470,269 |
| Capital | ||
| General Reserves & Undivided Profits | 163,007,347 | 144,839,376 |
| Accumulated Other Comprehensive Income (Loss) | 528,150 | (2,170,355) |
| Total Capital | 163,535,497 | 142,669,021 |
| Total Liabilities & Reserves | 1,114,174,293 | $937,139,290 |
| Memorandum: Letters of Credit Outstanding not included in the above figures | $1,943,538 | $2,653,214 |
* Federal Home Loan Bank advances