Consolidated Balance Sheet (unaudited)

December 31,20182017
Assets
Cash & Due from Bank$10,715,304$8,997,601
Federal Reserve Bank Balance$19,222,222$19,704,779
Securities$70,454,565$80,676,706
Loans, Net$249,253,572$234,994,554
Bank Premises & Equipment, Net$6,842,374$7,020,579
Other Assets$15,128,550$14,381,711
Total Assets$371,616,587$365,775,930
Liabilities & Shareholders' Equity
Deposits$320,865,634$321,337,163
Securities Sold Under Repurchase Agreements$11,970,884$7,745,079
Other Borrowed Money$1,640,928$958,259
Other Liabilities$2,905,569$3,258,159
Total Liabilities$337,383,015$333,298,660
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(962,485)$(744,205)
Accumulated Other Comprehensive Income (Loss)$(883,374)$(451,527)
Retained Earnings$34,679,431 $32,273,002
Total Shareholders' Equity$34,233,572$32,477,270
Total Liabilities & Shareholders' Equity$371,616,587$365,775,930
Per Share Book Value
879,002 & 885,422 shares outstanding
$38.95$36.68

 Consolidated Statements of Income (unaudited)

Twelve Months Ended December 31,20182017
Total Interest Income$12,639,020$11,585,669
Total Interest Expense$576,348$349,093
Net Interest Income$12,062,672$11,236,576
Provision for Loan Losses$123,000$40,000
Net Interest Income After Provision for Loan Losses$11,939,672$11,196,576
Other Operating Income$2,863,886$2,865,936
Other Operating Expenses$10,995,101$10,430,155
Income Before Income Taxes$3,808,457$3,632,357
Income Tax Expense$572,826$1,346,603
Net Income$3,235,631$2,285,754
Earnings Per Share$3.68$2.58

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