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 3o, 2020)
| Cash and due from banks | 16,167,854 | |
| U.S. government agency bonds | 129,232,895 | |
| Municipal bonds | 21,868,843 | |
| Other investments | 222,950 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 451,200 | |
| Unrealized gain (loss) on available-for-sale securities | 3,127,946 | 154,961,634 |
| Loans | 222,430,823 | |
| Less: reserve for loan losses | 2,194,023 | 220,236,800 |
| Federal funds sold | 5,000,000 | |
| Bank premises and equipment | 4,375,459 | |
| Accrued interest receivable | 1,908,067 | |
| Other assets | 6,162,612 | |
| TOTAL ASSETS | $408,812,426 |
liabilities AND CAPITAL (As of june 30, 2020)
| Demand deposits | 52,707,737 | |
| Time and savings deposits | 281,860,207 | 334,567,944 |
| Accrued interest payable |
| 346,167 |
| Other liabilities | 2,300,555 | |
| Repurchase agreements | 14,270,443 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 52,227,161 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | 3,124,156 | 57,327,317 |
| TOTAL LIABILITIES AND CAPITAL | $408,812,426 |
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