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, 2024)
| Cash and due from banks | 25,288,049 | |
| U.S. government agency bonds | 129,981,506 | |
| Municipal bonds | 46,911,260 | |
| Other investments | 330,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 243,600 | |
| Unrealized gain (loss) on available-for-sale securities | (22,374,764) | 155,150,152 |
| Loans | 229,071,709, | |
| Less: reserve for loan losses | 3,156,323 | 225,915,386 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,134,733 | |
| Accrued interest receivable | 2,334,131 | |
| Other assets | 6,242,086 | |
| TOTAL ASSETS | $419,064,537 |
liabilities AND CAPITAL (As of December 31, 2024)
| Demand deposits | 62,163,167 | |
| Time and savings deposits | 297,976,524 | 360,139,691 |
| Accrued interest payable |
| 1,116,575 |
| Other liabilities | 2,364,277 | |
| Repurchase agreements | 20,395,511 | |
| Federal Funds Purchased | 0 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Other Borrowings | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 55,597,303 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | (22,524,820) | 35,048,483 |
| TOTAL LIABILITIES AND CAPITAL | $419,064,537 |
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