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, 2018)
| Cash and due from banks | 12,287,219 | |
| U.S. government agency bonds | 130,860,684 | |
| Municipal bonds | 22,638,868 | |
| Other investments | 73,750 | |
| Federal reserve bank stock | 57,800 | |
| Federal home loan bank stock | 471,100 | |
| Unrealized gain (loss) on available-for-sale securities | -2,326,822 | 151,775,380 |
| Loans | 204,334,545 | |
| Less: reserve for loan losses | 2,062,102 | 202,272,443 |
| Federal funds sold | 2,000,000 | |
| Bank premises and equipment | 4,763,960 | |
| Accrued interest receivable | 2,148,713 | |
| Other assets | 6,161,156 | |
| TOTAL ASSETS | $381,408,871 |
liabilities AND CAPITAL (As of december 30, 2018)
| Demand deposits | 45,424,824 | |
| Time and savings deposits | 269,341,590 | 314,766,414 |
| Accrued interest payable |
| 274,590 |
| Other liabilities | 1,550,500 | |
| Repurchase agreements | 14,260,458 | |
| Federal home loan bank- Federal funds advances | 0 | |
| Reserve for contingencies | 50,000 | |
| Capital | 963,000 | |
| Surplus | 963,000 | |
| Undivided profits | 50,966,352 | |
Unrealized gain (loss) on available-for-sale securities | -2,385,443 | 50,556,909 |
| TOTAL LIABILITIES AND CAPITAL | $381,408,871 |
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