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Financials

2013 Statement of Condition

 

Assets

Cash & Due from Banks

$25,865,597

Bonds

17,028,296

Stocks

1,416,450

Mortgage Loans

238,320,857

Other Loans

33,106,090

Allowance for Loan Losses

(3,400,000)

Bank Premises and Fixed Assets

4,889,053

Other Assets

14,594,119

TOTAL ASSETS

$331,820,462

Liabilities

Deposits

$240,954,611

Other Liabilities

8,468,638

TOTAL LIABILITIES

$249,423,249

Equity Capital

Surplus and Reserves

82,397,213

TOTAL LIABILITIES AND EQUITY CAPITAL

$331,820,462

 

Please Note: Letters of Credit outstanding not included in above figures:$281,292

Statement of Earnings

Twelve Months: ended December 31, 2013

Interest and fee income on loans

$15,160,621

Interest and dividend income on investments

448,932

Non-interest income

2,926,995

Total interest and other income

$18,536,548

 

 

Less interest paid on deposits

1,166,804

Less other expenses

13,125,165

Earnings after interest and other expenses

$4,244,579

   

Income taxes

1,443,550

Net income for period

$2,801,029

 

A History of Solid Performance:

Growth trends charted over 15 years

Total Assets
Total Deposits
Total Loans
Equity Capital