Financial Information

Statement of Condition

as of December 2013

 

ASSETS:  
   
CASH AND NONINTEREST-BEARING DUE FROM BANKS
$  11,775,895.07
INTEREST-BEARING DUE FROM BANKS
  $ 1,584,662.41
U.S. GOVERNMENT AND FEDERAL AGENCY INVESTMENTS
$ 133,232,653.96
MUNICIPAL BONDS
  $ 159,356,262.51
LOANS NET OF RESERVE FOR LOAN LOSSES
$ 406,024,994.08
FURNITURE AND FIXTURES
$  15,850,113.99
OTHER ASSETS
$  11,679,151.50
TOTAL ASSETS
$ 739,503,733.52

 
LIABILITIES:  
   
DEMAND DEPOSIT ACCOUNTS
$  148,103,190.06
INTEREST BEARING DEPOSIT ACCOUNTS
$ 254,694,135.99
SAVINGS, MMDA AND TIME DEPOSIT ACCOUNT ACCOUNTS
$ 246,303,551.30
OTHER BORROWED FUNDS
$ 24,814,107.78
ACCRUED EXPENSES AND OTHER LIABILITIES

$  2,925,458.98

TOTAL LIABILITIES
$ 676,840,444.11

 
CAPITAL:  
   
COMMON STOCK
$  2,441,970.00
SURPLUS
$  3,243,972.07
UNDIVIDED PROFITS (Retained Earnings)
$ 56,827,791.24
NET UNREALIZED GAIN (LOSS) ON SECURITIES
$ 149,556.10
TOTAL CAPITAL
$ 62,663,289.41

 
TOTAL LIABILITIES AND CAPITAL
$ 739,503,733.52

 

These ratios are reported on our Regulatory Call Report and calculated as per the FDIC requirements:
Leverage Capital Ratio as measured by the FDIC 
        5% is needed to be considered well capitalized by the FDIC
Total Risk-Based Capital Ratio as measured by the FDIC
       10% is needed to be considered well capitalized by the FDIC

           8.56%

           14.63%

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