Middlebury National Corporation

Middlebury National Corporation is the holding company of National Bank of Middlebury.

Consolidated Balance Sheet (unaudited)

September 30,20212020
Assets
Cash & Due from Bank$8,127,290$8,814,644
Federal Reserve Bank Balance$73,886,569$64,502,550
Securities$147,012,648$95,908,791
Loans, Net$285,117,000$277,873,913
Bank Premises & Equipment, Net$10,157,114$10,522,160
Other Assets$17,161,636$17,805,356
Total Assets$541,462,257$475,427,414
Liabilities & Shareholders' Equity
Deposits$471,717,227$409,434,074
Securities Sold Under Repurchase Agreements$19,520,326$17,553,517
Other Borrowed Money$1,044,269$1,083,230
Other Liabilities$6,183,658$6,083,368
Total Liabilities$498,465,480$434,154,189
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,530,395)$(1,508,506)
Accumulated Other Comprehensive Income (Loss)$80,503$1,563,409
Retained Earnings$43,046,668$39,818,322
Total Shareholders' Equity$42,996,776$41,273,225
Total Liabilities & Shareholders' Equity$541,462,256$475,427,414
Per Share Book Value
862,319 & 862,950 shares outstanding		$49.86$47.83

 Consolidated Statements of Income (unaudited)

Nine Months Ended September 30,20212020
Total Interest Income$10,235,499$10,325,880
Total Interest Expense$169,608$601,282
Net Interest Income$10,065,891$9,724,598
Provision for Loan Losses$37,500$395,500
Net Interest Income After Provision for Loan Losses$10,028,391$9,329,098
Other Operating Income$3,328,461$3,207,527
Other Operating Expenses$9,534,308$8,926,716
Income Before Income Taxes$3,822,544$3,609,909
Income Tax Expense$541,280$503,482
Net Income$3,281,264$3,106,427
Earnings Per Share$3.81$3.60