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, 2021)
| Cash and due from banks | 20,084,264 | |
| U.S. government agency bonds | 174,394,858 | |
| Municipal bonds | 42,784,353 | |
| Other investments | 264,550 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 494,100 | |
| Unrealized gain (loss) on available-for-sale securities | 115,538 | 218,111,199 |
| Loans | 196,996,053 | |
| Less: reserve for loan losses | 2,252,250 | 194,743,803 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,349,575 | |
| Accrued interest receivable | 1,783,838 | |
| Other assets | 6,293,648 | |
| TOTAL ASSETS | $445,366,327 |
liabilities AND CAPITAL (As of june 30, 2021)
| Demand deposits | 62,669,013 | |
| Time and savings deposits | 311,620,782 | 374,289,795 |
| Accrued interest payable |
| 147,717 |
| Other liabilities | 2,012,679 | |
| Repurchase agreements | 13,892,455 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 52,877,862 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | 169,819 | 55,023,681 |
| TOTAL LIABILITIES AND CAPITAL | $445,366,327 |
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