Financial Information

Statement of Condition

as of March 2016

 

ASSETS:  
   
CASH AND NONINTEREST-BEARING DUE FROM BANKS
$  10,029,571.90
INTEREST-BEARING DUE FROM BANKS
  $ 19,378,377.08
U.S. GOVERNMENT AND FEDERAL AGENCY INVESTMENTS
$ 199,479,496.19
MUNICIPAL BONDS
 $ 196,145,082.88
LOANS NET OF RESERVE FOR LOAN LOSSES
$ 424,771,517.70
FURNITURE AND FIXTURES
$  15,971,622.29
OTHER ASSETS
$  8,420,254.33
TOTAL ASSETS
$ 874,195,922.37

 
LIABILITIES:  
   
DEMAND DEPOSIT ACCOUNTS
  $ 178,440,521.60
INTEREST BEARING DEPOSIT ACCOUNTS
$ 329,190,577.55
SAVINGS, MMDA AND TIME DEPOSIT ACCOUNT ACCOUNTS
$ 252,703,116.58
OTHER BORROWED FUNDS
$ 28,790,093.74
ACCRUED EXPENSES AND OTHER LIABILITIES

$ 3,427,414.17

TOTAL LIABILITIES
$ 792,551,723.64

 
CAPITAL:  
   
COMMON STOCK
$  2,441,970.00
SURPLUS
$  3,707,820.22
UNDIVIDED PROFITS (Retained Earnings)
$ 69,665,007.14
NET UNREALIZED GAIN (LOSS) ON SECURITIES
$ 5,829,401.37
TOTAL CAPITAL
$ 81,644,198.73

 
TOTAL LIABILITIES AND CAPITAL
$ 874,195,922.37

 

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

8.74%                            

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

15.08%