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, 2019)
| Cash and due from banks | 11,747,973 | |
| U.S. government agency bonds | 137,035,911 | |
| Municipal bonds | 17,509,533 | |
| Other investments | 205,900 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 457,700 | |
| Unrealized gain (loss) on available-for-sale securities | 652,913 | 155,919,757 |
| Loans | 197,375,806 | |
| Less: reserve for loan losses | 2,106,078 | 195,269,728 |
| Federal funds sold | 0 | |
| Bank premises and equipment | 4,493,802 | |
| Accrued interest receivable | 2,177,580 | |
| Other assets | 6,331,231 | |
| TOTAL ASSETS | $375,940,071 |
liabilities AND CAPITAL (As of december 31, 2019)
| Demand deposits | 41,022,776 | |
| Time and savings deposits | 266,175,723 | 307,198,499 |
| Accrued interest payable |
| 440,429 |
| Other liabilities | 1,639,268 | |
| Repurchase agreements | 12,157,368 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 51,879,383 | |
Unrealized gain (loss) on available-for-sale securities & supplemental retirement trust | 649,124 | 54,504,507 |
| TOTAL LIABILITIES AND CAPITAL | $397,811,697 |
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