Consolidated Balance Sheet (unaudited)

June 30,20192018
Assets
Cash & Due from Bank$9,197,808$9,240,795
Federal Reserve Bank Balance$838,812$3,552,762
Securities$75,586,954$76,103,986
Loans, Net$258,530,257$245,863,394
Bank Premises & Equipment, Net$10,630,228$6,975,346
Other Assets$15,700,367$14,695,222
Total Assets$370,484,426$356,431,505
Liabilities & Shareholders' Equity
Deposits$314,834,272$303,406,235
Securities Sold Under Repurchase Agreements$6,978,345$6,182,645
Other Borrowed Money$5,621,467$11,659,903
Other Liabilities$6,409,854$2,579,650
Total Liabilities$333,843,938$323,828,433
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,292,795)$(850,964)
Accumulated Other Comprehensive Income (Loss)$428,453$(1,307,929)
Retained Earnings$36,104,830$33,361,965
Total Shareholders' Equity$36,640,488$32,603,072
Total Liabilities & Shareholders' Equity$370,484,426$356,431,505
Per Share Book Value
869,287 & 882,282 shares outstanding
$42.15$36.95

 Consolidated Statements of Income (unaudited)

Six Months Ended June 30,20192018
Total Interest Income$6,967,529$6,110,436
Total Interest Expense$430,819$217,762
Net Interest Income$6,536,710$5,892,674
Provision for Loan Losses$50,000$100,000
Net Interest Income After Provision for Loan Losses$6,486,710$5,792,674
Other Operating Income$1,368,468$ 1,409,224
Other Operating Expenses$5,635,984$5,435,812
Income Before Income Taxes$2,219,194$1,766,086
Income Tax Expense$366,006$270,528
Net Income$1,853,188$1,495,558
Earnings Per Share$2.13$1.70

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2018 Reports

2017 Reports