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Financials

2014 Statement of Condition

 

Assets

Cash & Due from Banks

$ 8,725,683

Bonds

15,693,180

Stocks

1,424,950

Mortgage Loans

260,789,185

Other Loans

35,307,486

Allowance for Loan Losses

(3,400,000)

Bank Premises and Fixed Assets

5,005,345

Other Assets

20,143,574

TOTAL ASSETS

$343,689,403

Liabilities

Deposits

$243,887,020

Other Liabilities

9,051,920

TOTAL LIABILITIES

$252,938,940

Equity Capital

Surplus and Reserves

90,750,463

TOTAL LIABILITIES AND EQUITY CAPITAL

$343,689,403

 

Please Note: Letters of Credit outstanding not included in above figures:$261,000

Statement of Earnings

Twelve Months: ended December 31, 2014

Interest and fee income on loans

$15,413,800

Interest and dividend income on investments

410,298

Non-interest income

2,840,457

Total interest and other income

$18,664,555

 

 

Less interest paid on deposits

876,433

Less other expenses

12,727,102

Earnings after interest and other expenses

$5,061,020

   

Income taxes

1,762,450

Net income for period

$3,298,570

 

A History of Solid Performance:

Growth trends charted over 15 years

Total Assets
Total Deposits
Total Loans
Equity Capital