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, 2018)
| Cash and due from banks | 25,100,337 | |
| U.S. government agency bonds | 133,440,707 | |
| Municipal bonds | 23,362,823 | |
| Other investments | 73,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 471,100 | |
| Unrealized gain (loss) on available-for-sale securities | -3,834,174 | 153,572,006 |
| Loans | 206,005,246 | |
| Less: reserve for loan losses | 2,057,105 | 203,948,141 |
| Federal funds sold | 5,000,000 | |
| Bank premises and equipment | 4,852,249 | |
| Accrued interest receivable | 2,392,837 | |
| Other assets | 6,244,175 | |
| TOTAL ASSETS | $401,109,745 |
liabilities AND CAPITAL (As of september 30, 2018)
| Demand deposits | 40,619,573 | |
| Time and savings deposits | 293,510,888 | 334,130,461 |
| Accrued interest payable |
| 240,841 |
| Other liabilities | 1,317,955 | |
| Repurchase agreements | 16,788,280 | |
| Federal home loan bank- Federal funds advances | 3,965,000 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 50,517568 | |
Unrealized gain (loss) on available-for-sale securities & Suppl. Retire Trust | -3,861,360 | 48,632,208 |
| TOTAL LIABILITIES AND CAPITAL | $401,109,745 |
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