Wealth Management Guaranty Bank

Balance Sheet Comparison 2016

ASSETS

Dec. 2016 Dec. 2015
Cash and due from banks $20,649,357 $12,987,446
Interest bearing deposits with banks $52,200,933 $11,990,751
Investment Securities- taxable $69,122,450 $74,561,622
Investment Securities- tax-exempt $57,924,407 $55,497,635
Loans (net of unearned income) $479,549,827 $434,624,494
Less: Allowance for loan losses ($6,703,121) ($6,306,074)
Premises and equipment, net $14,435,654 $14,058,732
Accrued interest receivable $3,365,190 $3,504,752
Other real estate $1,066,085 $767,170
Other assets $16,071,412 $14,564,811
TOTAL ASSETS $707,682,194 $616,251,339

LIABILITIES

Dec. 2016 Dec. 2015
Non-Interest Bearing Deposits $135,200,347 $113,345,098
Interest Bearing Demand Deposits $195,469,480 $132,463,699
Savings and Money Market Deposits $109,158,490 $93,495,732
Time Deposits – Retail $190,157,780 $175,931,328
Time Deposits – Wholesale $202,503 $201,596
TOTAL DEPOSITS $630,188,600 $515,437,453
Accrued expenses and other liabilities $5,113,721 $3,839,867
FHLB Advances $3,483,034 $23,404,800
Other Borrowings $678,511 $679,120
TOTAL LIABILITIES $639,463,866 $543,361,240

EQUITY

Dec. 2016 Dec. 2015
Common Stock $328,478 $328,475
Capital Surplus $53,658,131 $53,658,131
Retained Earnings $5,723,098 $10,492,877
Accumulated other comprehensive income (loss) ($2,216,499) ($1,211,912)
Net Income $10,725,120 $9,622,525
TOTAL EQUITY $68,218,328 $72,890,099
TOTAL LIABILITIES & EQUITY $707,682,194 $616,251,339

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