We are proud to be rated as a "Blue Ribbon Bank" by Veribanc Inc. based on our safety and soundness. Following is an overview of our financial performance.

Statement of Condition

At the close of business December 31, 2009

Assets
CASH AND DUE FROM BANKS
 
21,658,484
U.S. GOVERNMENT BONDS
61,725,443
 
MUNICIPAL BONDS
38,908,124
 
OTHER INVESTMENTS
73,750
 
FEDERAL RESERVE BANK STOCK
57,800
 
FEDERAL HOME LOAN BANK STOCK
459,000
 
UNREALIZED GAIN (LOSS)
ON AVAILABLE-FOR-SALE SECURITIES
1,344,078
102,568,195
LOANS
200,652,872
 
LESS: RESERVE FOR BAD DEBTS
1,786,369
198,866,503
FEDERAL FUNDS SOLD
 
1,900,000
BANK PREMISES AND FIXTURES
 
6,106,914
ACCRUED INTEREST RECEIVABLE
 
2,370,964
OTHER ASSETS
 
7,846,693
TOTAL ASSETS
 
$341,317,753


Liabilities and Capital
DEMAND DEPOSITS
43,684,743
 
TIME AND SAVINGS DEPOSITS
240,711,972
284,396,715
ACCRUED INTEREST PAYABLE
 
655,354
OTHER LIABILITIES
 
1,008,421
REPURCHASE AGREEMENTS
 
14,023,800
RESERVE FOR CONTINGENCIES
50,000
 
CAPITAL
963,000
 
SURPLUS
963,000
 
UNDIVIDED PROFITS
37,903,598
 
UNREALIZED GAIN (LOSS)
ON AVAILABLE-FOR-SALE SECURITIES
1,353,865
41,233,463
TOTAL LIABILITIES AND CAPITAL
 
$341,317,753