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Balance Sheet Comparison

ASSETS

Dec. 2018 Dec. 2017
Cash and Due from Banks $17,843,421 $19,968,307
Interest Bearing Deposits with Banks $27,077,933 $41,904,128
Federal Funds Sold $1,000,000 $1,975,000
Investment Securities- Taxable $74,652,706 $82,755,944
Investment Securities- Tax-Exempt $51,472,589 $53,685,453
Loans (net of unearned income) $625,496,560 $578,973,223
Less: Allowance for loan losses ($7,299,903) ($6,700,913)
Premises and Equipment, Net $15,378,956 $14,093,422
Accrued Interest Receivable $5,411,303 $4,858,052
Other Real Estate Owned $586,205 $429,777
Other Assets $19,391,306 $18,171,692
TOTAL ASSETS $831,011,076 $810,114,085

 


LIABILITIES

Dec. 2018 Dec. 2017
Non-Interest Bearing Deposits $149,721,674 $151,351,415
Interest Bearing Demand Deposits $250,560,075 $238,588,354
Savings and Money Market Deposits $98,761,538 $103.106.513
Time Deposits – Retail $187,901,936 $182,392,079
Time Deposits – Wholesale $204,832 $203,513
TOTAL DEPOSITS $687,150,055 $675,641,874
Accrued Expenses and Other Liabilities $6,461,294 $5,770,045
FHLB Advances $52,230,696 $53,176,065
Other Borrowings $1,355,963 $942,731
TOTAL LIABILITIES $747,198,008 $735,530,715

EQUITY

Dec. 2018 Dec. 2017
Common Stock $328,478 $328,478
Capital Surplus $54,658,131 $53,658,131
Retained Earnings $15,120,800 $9,287,932
Accumulated Other Comprehensive Income (Loss) ($921,013) ($1,576,169)
Net Income $14,626,672 $12,884,998
TOTAL EQUITY $83,813,068 $74,583,370
TOTAL LIABILITIES & EQUITY $831,011,076 $810,114,085

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