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 June 30, 2019)
| Cash and due from banks | 11,188,271 | |
| U.S. government agency bonds | 134,065,582 | |
| Municipal bonds | 23,130,116 | |
| Other investments | 73,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 1,194,900 | |
| Unrealized gain (loss) on available-for-sale securities | 294,084 | 158,816,232 |
| Loans | 207,931,814 | |
| Less: reserve for loan losses | 2,067,278 | 205,864,536 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,607,265 | |
| Accrued interest receivable | 2,257,218 | |
| Other assets | 6,192,780 | |
| TOTAL ASSETS | $388,926,302 |
liabilities AND CAPITAL (As of june 30, 2019)
| Demand deposits | 42,441,853 | |
| Time and savings deposits | 259,644,825 | 302,086,678 |
| Accrued interest payable |
| 350,551 |
| Other liabilities | 1,520,598 | |
| Repurchase agreements | 13,077,423 | |
| Federal home loan bank- Federal funds advances | 18,428,000 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 51,251,589 | |
Unrealized gain (loss) on available-for-sale securities | 235,463 | 53,463,052 |
| TOTAL LIABILITIES AND CAPITAL | $388,926,302 |
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