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, 2020)
| Cash and due from banks | 36,611,663 | |
| U.S. government agency bonds | 136,644,426 | |
| Municipal bonds | 24,033,465 | |
| 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 | 2,836,879 | 164,246,720 |
| Loans | 216,155,060 | |
| Less: reserve for loan losses | 2,277,942 | 213,877,118 |
| Federal funds sold | 5,000,000 | |
| Bank premises and equipment | 4,357,881 | |
| Accrued interest receivable | 2,178,659 | |
| Other assets | 6,190,162 | |
| TOTAL ASSETS | $432,462,203 |
liabilities AND CAPITAL (As of september 30, 2020)
| Demand deposits | 55,680,521 | |
| Time and savings deposits | 304,385,665 | 360,066,186 |
| Accrued interest payable |
| 234,031 |
| Other liabilities | 1,897,114 | |
| Repurchase agreements | 12,818,158 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 52,637,625 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | 2,833,089 | 57,446,714 |
| TOTAL LIABILITIES AND CAPITAL | $432,462,203 |
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