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Balance Sheet Comparison

ASSETS

Dec. 2019 Dec. 2018
Cash and Due from Banks $24,227,813 $17,843,421
Interest Bearing Deposits with Banks $8,892,7723 $27,077,933
Federal Funds Sold $1,971,201 $1,000,000
Investment Securities- Taxable $83,022,033 $74,652,706
Investment Securities- Tax-Exempt $70,612,998 $51,472,589
Loans (net of unearned income) $802,972,400 $625,496,560
Less: Allowance for loan losses ($9,151,995) ($7,299,903)
Premises and Equipment, Net $23,786,877 $15,378,956
Accrued Interest Receivable $6,535,535 $5,411,303
Other Real Estate Owned $676,877 $586,205
Other Assets $27,017,628 $19,391,306
TOTAL ASSETS $1,040,564,139 $831,011,076

 


LIABILITIES

Dec. 2019 Dec. 2018
Non-Interest Bearing Deposits $228,451,207 $149,721,674
Interest Bearing Demand Deposits $275,685,142 $250,560,075
Savings and Money Market Deposits $151,216,229 $98,761,538
Time Deposits – Retail $265,346,373 $187,901,936
Time Deposits – Wholesale $208,958 $204,832
TOTAL DEPOSITS $920,907,909 $687,150,055
Accrued Expenses and Other Liabilities $9,155,024 $6,461,294
FHLB Advances $775,777 $52,230,696
Other Borrowings $2,011,273 $1,355,963
TOTAL LIABILITIES $932,849,983 $747,198,008

EQUITY

Dec. 2019 Dec. 2018
Common Stock $328,478 $328,478
Capital Surplus $75,617,696 $54,658,131
Retained Earnings $14,273,272 $15,120,800
Accumulated Other Comprehensive Income (Loss) $1,223,029 ($921,013)
Net Income $16,271,681 $14,626,672
TOTAL EQUITY $107,714,156 $83,813,068
TOTAL LIABILITIES & EQUITY $1,040,564,139 $831,011,076

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