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 december 31, 2020)
| Cash and due from banks | 7,508,119 | |
| U.S. government agency bonds | 131,426,733 | |
| Municipal bonds | 44,132,270 | |
| Other investments | 222,950 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 731,200 | |
| Unrealized gain (loss) on available-for-sale securities | 2,731,215 | 179,302,168 |
| Loans | 214,194,014 | |
| Less: reserve for loan losses | 2,255,466 | 211,938,548 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,287,267 | |
| Accrued interest receivable | 2,013,210 | |
| Other assets | 6,670,979 | |
| TOTAL ASSETS | $411,720,291 |
liabilities AND CAPITAL (As of december 31, 2020)
| Demand deposits | 56,955,374 | |
| Time and savings deposits | 275,344,585 | 332,299,959 |
| Accrued interest payable |
| 162,283 |
| Other liabilities | 1,970,693 | |
| Repurchase agreements | 12,525,985 | |
| Federal home loan bank- Federal funds advances | 7,000,000 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 52,999,875 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | 2,785,496 | 57,761,371 |
| TOTAL LIABILITIES AND CAPITAL | $411,720,291 |
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