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 december 31, 2017)
| Cash and due from banks | 14,204,346 | |
| U.S. government agency bonds | 135,434,869 | |
| Municipal bonds | 28,708,109 | |
| Other investments | 73,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 480,200 | |
| Unrealized gain (loss) on available-for-sale securities | -608,070 | 164,146,658 |
| Loans | 203,040,900 | |
| Less: reserve for loan losses | 2,020,644 | 210,020,256 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,978,637 | |
| Accrued interest receivable | 2,086,812 | |
| Other assets | 6,065,769 | |
| TOTAL ASSETS | $392,502,478 |
liabilities AND CAPITAL (As of december 31, 2017)
| Demand deposits | 43,555,924 | |
| Time and savings deposits | 281,635,888 | 325,191,812 |
| Accrued interest payable |
| 210,313 |
| Other liabilities | 1,482,905 | |
| Repurchase agreements | 14,176,279 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 50,100,425 | |
Unrealized gain (loss) on available-for-sale securities & Suppl. Retire Trust | 635,256 | 51,441,169 |
| TOTAL LIABILITIES AND CAPITAL | $392,502,478 |
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