Assets and Liabilities of the Bank
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.
Assets (As of march 31,2019)
| Cash and due from banks | 27,166,820 | |
| U.S. government agency bonds | 128,482,739 | |
| Municipal bonds | 22,771,403 | |
| Other investments | 73,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 457,700 | |
| Unrealized gain (loss) on available-for-sale securities | -1,093,731 | 150,749,661 |
| Loans | 211,173,378 | |
| Less: reserve for loan losses | 2,044,812 | 209,128,566 |
| Federal funds sold | 5,000,000 | |
| Bank premises and equipment | 4,693,750 | |
| Accrued interest receivable | 2,520,754 | |
| Other assets | 6,170,575 | |
| TOTAL ASSETS | $405,430,126 |
liabilities AND CAPITAL (As of december 30, 2018)
| Demand deposits | 46,630,258 | |
| Time and savings deposits | 292,176,888 | 338,807,146 |
| Accrued interest payable |
| 358,685 |
| Other liabilities | 1,362,314 | |
| Repurchase agreements | 13,109,698 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 50,968,635 | |
Unrealized gain (loss) on available-for-sale securities | -1,152,352 | 51,792,283 |
| TOTAL LIABILITIES AND CAPITAL | $405,430,126 |
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