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Balance Sheet Comparison

ASSETS

Dec. 2020 Dec. 2019
Cash and Due from Banks $ 29,858,007 $ 24,227,813
Interest Bearing Deposits with Banks $ 27,286,525 $ 8,892,772
Federal Funds Sold $ 15,250,000 $ 1,971,201
Investment Securities- Taxable $ 96,762,717 $ 83,022,033
Investment Securities- Tax-Exempt $ 109,069,532 $ 70,612,998
Loans (net of unearned income) $ 896,652,916 $ 802,972,400
Less: Allowance for loan losses ($12,254,013) ($9,151,995)
Premises and Equipment, Net $ 25,446,185 $ 23,786,877
Accrued Interest Receivable $ 7,509,243 $ 6,535,535
Other Real Estate Owned $358,470 $676,877
Other Assets $ 29,139,597 $27,017,628
TOTAL ASSETS $1,225,079,179 $1,040,564,139

LIABILITIES

Dec. 2020 Dec. 2019
Non-Interest Bearing Deposits $351,800,706 $228,451,207
Interest Bearing Demand Deposits $310,808,106 $275,685,142
Savings and Money Market Deposits $181,758,602 $151,216,229
Time Deposits – Retail $245,792,460 $265,346,373
Time Deposits – Wholesale $220,306 $208,958
TOTAL DEPOSITS $1,090,380,180 $920,907,909
Accrued Expenses and Other Liabilities $13,236,057 $9,155,024
FHLB Advances $306,998 $775,777
Other Borrowings $3,566,906 $2,011,273
TOTAL LIABILITIES $1,107,490,141 $932,849,983

EQUITY

Dec. 2020 Dec. 2019
Common Stock $328,478 $328,478
Capital Surplus $77,211,196 $75,617,696
Retained Earnings $18,639,560 $14,273,272
Accumulated Other Comprehensive Income (Loss) $2,665,389 1,223,029
Net Income $18,744,415 $16,271,681
TOTAL EQUITY $117,589,038 $107,714,156
TOTAL LIABILITIES & EQUITY $1,225,079,179 $1,040,564,139

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