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 |
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 |
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 |