Statment of Condition

As of December 31, 2018

ASSETS 2018 2017
Cash & Due from Depository Institutions 7,203,496
4,807,629
Securities 19,876,966 18,794,748
Federal Funds Sold 2,075,000 6,275,000
Loans & Lease Financing Receivables  33,866,677 31,376,257
Less: Allowance for Loan & Lease Losses (750,394) (590,899)
Net Loans & Leases 33,116,284 30,785,358
Premises & Fixed Assets 803,807 880,048
Other Real Estate Owned 855,308 655,926
Other Assets 2,210,184 2,162,190
TOTAL ASSETS $66,141,045 $64,360,900
     
LIABILITIES    
Deposits 58,353,045 57,302,489
Federal Funds Purchased 0 0
Other Borrowed Money 0 0
Other Liabilities 28,207 91,483
TOTAL LIABILITIES 58,381,252 57,393,973
Common Stock 600,000 600,000
Surplus 3,550,000 3,550,000
Undivided Profits 3,609,793 2,945,363
TOTAL EQUITY CAPITAL 7,759,793 6,966,927
TOTAL LIABILITIES & EQUITY CAPITAL $66,141,045 $64,360,900
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