Financial Information

Statement of Condition

as of December 2014

 

ASSETS:  
   
CASH AND NONINTEREST-BEARING DUE FROM BANKS
$  12,781,485.17
INTEREST-BEARING DUE FROM BANKS
  $ 1,881,678.92
U.S. GOVERNMENT AND FEDERAL AGENCY INVESTMENTS
$ 178,876,061.71
MUNICIPAL BONDS
 $ 179,344,167.19
LOANS NET OF RESERVE FOR LOAN LOSSES
$ 421,100,944.48
FURNITURE AND FIXTURES
$  15,920,085.24
OTHER ASSETS
$  9,525,675.54
TOTAL ASSETS
$ 819,430,098.25

 
LIABILITIES:  
   
DEMAND DEPOSIT ACCOUNTS
  $ 163,974,858.95
INTEREST BEARING DEPOSIT ACCOUNTS
$ 275,941,478.81
SAVINGS, MMDA AND TIME DEPOSIT ACCOUNT ACCOUNTS
$ 247,830,612.41
OTHER BORROWED FUNDS
$ 58,769,197.57
ACCRUED EXPENSES AND OTHER LIABILITIES

$ 2,944,930.29

TOTAL LIABILITIES
$ 749,461,078.03

 
CAPITAL:  
   
COMMON STOCK
$  2,441,970.00
SURPLUS
$  3,462,847.67
UNDIVIDED PROFITS (Retained Earnings)
$ 61,727,730.91
NET UNREALIZED GAIN (LOSS) ON SECURITIES
$ 2,336,471.64
TOTAL CAPITAL
$ 69,969,020.22

 
TOTAL LIABILITIES AND CAPITAL
$ 819,430,098.25

 

These ratios are reported on our Regulatory Call Report and calculated as per the FDIC requirements:

                      

                       

 Leverage Capital Ratio as measured by the FDIC 
        5% is needed to be considered well capitalized by the FDIC

8.44                             

 Total Risk-Based Capital Ratio as measured by the FDIC
       10% is needed to be considered well capitalized by the FDIC

14.77%

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