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 september 30, 2019)
| Cash and due from banks | 35,267,947 | |
| U.S. government agency bonds | 125,853,138 | |
| Municipal bonds | 18,252,119 | |
| 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 | 758,603 | 145,453,110 |
| Loans | 200,947,185 | |
| Less: reserve for loan losses | 2,080,046 | 198,867.139 |
| Federal funds sold | 5,000,000 | |
| Bank premises and equipment | 4,525,386 | |
| Accrued interest receivable | 2,400,864 | |
| Other assets | 6,297,251 | |
| TOTAL ASSETS | $397,811,697 |
liabilities AND CAPITAL (As of september 30, 2019)
| Demand deposits | 43,348,037 | |
| Time and savings deposits | 286,140,542 | 329,488,579 |
| Accrued interest payable |
| 408,623 |
| Other liabilities | 1,375,477 | |
| Repurchase agreements | 12,434,376 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 51,428,660 | |
Unrealized gain (loss) on available-for-sale securities | 699,982 | 54,104,642 |
| TOTAL LIABILITIES AND CAPITAL | $397,811,697 |
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