Middlebury National Corporation

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

Consolidated Balance Sheet (unaudited)

September 30,20222021
Assets
Cash & Due from Bank$7,554,297$8,127,290
Federal Reserve Bank Balance$23,082,185$73,886,569
Securities$176,544,514$147,012,648
Loans, Net$297,766,756$285,117,000
Bank Premises & Equipment, Net$10,657,428$10,157,114
Other Assets$18,555,632$17,161,636
Total Assets$534,160,812$541,462,257
Liabilities & Shareholders' Equity
Deposits$499,331,986$471,717,227
Securities Sold Under Repurchase Agreements$10,759,966 $19,520,326
Other Borrowed Money$1,005,225$1,044,270
Other Liabilities$535,193$6,183,658
Total Liabilities$511,632,370$498,465,481
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,586,887)$(1,530,395)
Accumulated Other Comprehensive Income
(Unrealized Gain or Loss)		$(22,071,187)$80,503
Retained Earnings$44,786,516$43,046,668
Total Shareholders' Equity$22,528,442$42,996,776
Total Liabilities & Shareholders' Equity$534,160,812$541,462,257
Per Share Book Value
860,829 & 862,319 shares outstanding		$26.17$49.86

 Consolidated Statements of Income (unaudited)

Nine Months Ended September 30,20222021
Total Interest Income$10,577,088$10,235,499
Total Interest Expense$226,225$169,608
Net Interest Income$10,350,863$10,065,891
Provision for Loan Losses$(348,000)$37,500
Net Interest Income After Provision for Loan Losses$10,698,863$10,028,391
Other Operating Income$2,406,028$3,328,461
Other Operating Expenses$10,368,589$9,534,308
Income Before Income Taxes$2,736,302$3,822,544
Income Tax Expense$257,853$541,280
Net Income$2,478,449$3,281,264
Earnings Per Share$2.88$3.81