Middlebury National Corporation

Consolidated Balance Sheet (unaudited)

June 30	2017	2016
Assets
Cash & Due from Bank	$9,488,097	$9,140,833
Federal Reserve Bank Balance	$4,103,324	$8,288,157
Securities	$76,573,406	$80,627,588
Loans, Net	$229,927,944	$211,973,450
Bank Premises & Equipment, Net	$7,056,832	$7,309,680
Other Assets	$14,393,755	$13,086,138
Total Assets	$341,543,358	$330,425,846
Liabilities & Shareholders' Equity
Deposits	$297,336,103	$282,119,031
Securities Sold Under Repurchase Agreements	$7,748,749	$9,998,483
Other Borrowed Money	$477,155	$3,491,235
Other Liabilities	$3,771,365	$3,092,259
Total Liabilities	$309,333,372	$298,701,008
Shareholders' Equity
Common Stock & Related Surplus	$1,400,000	$1,400,000
Treasury Stock	$(745,307)	$(750,246)
Accumulated Other Comprehensive Income (Loss)	$63,362	$1,155,337
Retained Earnings	$31,491,931	$29,919,747
Total Shareholders' Equity	$32,209,986	$31,724,838
Total Liabilities & Shareholders' Equity	$341,543,358	$330,425,846
Per Share Book Value 885,392 and 885,252 shares outstanding	$36.38	$35.84

Six Months Ended June 30	2017	2016
Total Interest Income	$5,492,413	$5,254,210
Total Interest Expense	$168,308	$216,426
Net Interest Income	$5,324,105	$5,037,784
Provision for Loan Losses	$40,000	$62,000
Net Interest Income After Provision for Loan Losses	$5,284,105	$4,975,784
Other Operating Income	$1,443,475	$1,347,252
Other Operating Expenses	$5,130,296	$5,048,283
Income Before Income Taxes	$1,597,284	$1,274,753
Income Tax Expense	$425,589	$316,165
Net Income	$1,171,695	$958,588
Earnings Per Share	$1.32	$1.08