Financials |
2009 Statement of Condition |
|
Assets |
Cash & Due from Banks |
$ 24,526,493
|
Bonds |
11,122,502
|
Stocks |
1,525,950
|
Mortgage Loans |
226,516,415 |
Other Loans |
34,427,649 |
Allowance for Loan Losses |
(3,400,000) |
Bank Premises and Fixed Assets |
5,131,869 |
Other Assets |
11,802,694 |
TOTAL ASSETS |
$311,653,571 |
Liabilities |
Deposits |
$ 229,993,738 |
Other Liabilities |
10,313,514 |
TOTAL LIABILITIES |
$240,307,252 |
Equity Capital |
Surplus and Reserves |
|
TOTAL LIABILITIES AND EQUITY CAPITAL |
|
Please Note: Letters of Credit outstanding not included in above figures:$380,790 |
Statement of Earnings
Twelve Months: ended December 31, 2009 |
Interest and fee income on loans |
$17,628,850 |
Interest and dividend income on investments |
394,376 |
Non-interest income |
2,421,184 |
Total interest and other income |
$20,444,410 |
|
|
Less interest paid on deposits |
3,274,765 |
Less other non-interest expense |
13,075,443 |
Earnings after interest and other expenses |
$4,094,202 |
| |
|
Income taxes |
1,429,093 |
Net income for period |
$2,665,109 |
|
A History of Solid Performance:
Growth trends charted over 15 years |
Financials:
2009 Statement of Condition |
|
Assets |
Cash & Due from Banks |
$ 24,526,493
|
Bonds |
11,122,502
|
Stocks |
1,525,950
|
Mortgage Loans |
226,516,415 |
Other Loans |
34,427,649 |
Allowance for Loan Losses |
(3,400,000) |
Bank Premises and Fixed Assets |
5,131,869 |
Other Assets |
11,802,694 |
TOTAL ASSETS |
$311,653,571 |
Liabilities |
Deposits |
$ 229,993,738 |
Other Liabilities |
10,313,514 |
TOTAL LIABILITIES |
$240,307,252 |
Equity Capital |
Surplus and Reserves |
|
TOTAL LIABILITIES AND EQUITY CAPITAL |
|
Please Note: Letters of Credit outstanding not included in above figures:$380,790 |
Statement of Earnings
Twelve Months: ended December 31, 2009 |
Interest and fee income on loans |
$17,628,850 |
Interest and dividend income on investments |
394,376 |
Non-interest income |
2,421,184 |
Total interest and other income |
$20,444,410 |
|
|
Less interest paid on deposits |
3,274,765 |
Less other non-interest expense |
13,075,443 |
Earnings after interest and other expenses |
$4,094,202 |
| |
|
Income taxes |
1,429,093 |
Net income for period |
$2,665,109 |
|
A History of Solid Performance:
Growth trends charted over 15 years |
|
|
|
|
|
