Consolidated Balance Sheet (unaudited)

June 30,20202019
Assets
Cash & Due from Bank$8,619,204$9,197,808
Federal Reserve Bank Balance$44,403,529$838,812
Securities$89,579,421$75,586,954
Loans, Net$271,963,991$258,530,257
Bank Premises & Equipment, Net$10,561,147$10,630,228
Other Assets$17,618,709$15,700,367
Total Assets$442,746,001$370,484,426
Liabilities & Shareholders' Equity
Deposits$378,953,791$314,834,272
Securities Sold Under Repurchase Agreements$15,672,434$6,978,345
Other Borrowed Money$1,582,940$5,621,467
Other Liabilities$6,396,689$6,409,854
Total Liabilities$402,605,854$333,843,938
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,500,599)$(1,292,795)
Accumulated Other Comprehensive Income (Loss)$1,670,301$428,453
Retained Earnings$38,570,446$36,104,830
Total Shareholders' Equity$40,140,148$36,640,488
Total Liabilities & Shareholders' Equity$442,746,002$370,484,426
Per Share Book Value
863,200 & 869,287 shares outstanding
$46.50$42.15

 Consolidated Statements of Income (unaudited)

Six Months Ended June 30,20202019
Total Interest Income$6,937,218$6,967,529
Total Interest Expense$491,623$430,819
Net Interest Income$6,445,595$6,536,710
Provision for Loan Losses$395,500$50,000
Net Interest Income After Provision for Loan Losses$6,050,095$6,486,710
Other Operating Income$1,693,218$1,368,468
Other Operating Expenses$5,891,266$5,635,984
Income Before Income Taxes$1,852,047$2,219,194
Income Tax Expense$217,942$366,006
Net Income$1,634,105$1,853,188
Earnings Per Share$1.89$2.13