2012 Statement of Condition
|
|
Assets |
Cash & Due from Banks |
$26,486,560
|
Bonds |
19,044,526
|
Stocks |
1,423,350
|
Mortgage Loans |
236,008,625
|
Other Loans |
30,838,520
|
Allowance for Loan Losses |
(3,400,000) |
Bank Premises and Fixed Assets |
4,888,630
|
Other Assets |
13,582,694
|
TOTAL ASSETS |
$328,872,932 |
Liabilities |
Deposits |
$239,989,311
|
Other Liabilities |
8,631,016
|
TOTAL LIABILITIES |
$248,620,327
|
Equity Capital |
Surplus and Reserves |
|
TOTAL LIABILITIES AND EQUITY CAPITAL |
|
Please Note: Letters of Credit outstanding not included in above figures:$613,292
|
Statement of Earnings
Twelve Months: ended December 31, 2012 |
Interest and fee income on loans |
$15,496,482
|
Interest and dividend income on investments |
371,142
|
Non-interest income |
2,934,444
|
Total interest and other income |
$18,802,068
|
|
|
Less interest paid on deposits |
1,450,830
|
Less other expenses |
12,955,311 |
Earnings after interest and other expenses |
$4,395,927 |
| |
|
Income taxes |
1,450,750
|
Net income for period |
$2,945,177 |
|
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