Middlebury National Corporation

Consolidated Balance Sheet (unaudited)

June 30,	2018	2017
Assets
Cash & Due from Bank	$9,240,795	$9,488,097
Federal Reserve Bank Balance	$3,552,762	$4,103,324
Securities	$76,103,986	$76,573,406
Loans, Net	$245,863,394	$229,927,944
Bank Premises & Equipment, Net	$6,975,346	$7,056,832
Other Assets	$14,695,222	$14,393,755
Total Assets	$356,431,505	$341,543,358
Liabilities & Shareholders' Equity
Deposits	$303,406,235	$297,336,103
Securities Sold Under Repurchase Agreements	$6,182,645	$ 7,748,749
Other Borrowed Money	$11,659,903	$477,155
Other Liabilities	$2,579,650	$3,771,365
Total Liabilities	$323,828,433	$309,333,372
Shareholders' Equity
Common Stock & Related Surplus	$1,400,000	$1,400,000
Treasury Stock	$(850,964)	$(745,307)
Accumulated Other Comprehensive Income (Loss)	$(1,307,929)	$63,362
Retained Earnings	$33,361,965	$31,491,931
Total Shareholders' Equity	$32,603,072	$32,209,986
Total Liabilities & Shareholders' Equity	$356,431,505	$341,543,358
Per Share Book Value 882,282 & 885,392 shares outstanding	$36.95	$36.38

Six Months Ended June 30,	2018	2017
Total Interest Income	$6,110,436	$5,492,413
Total Interest Expense	$217,762	$168,308
Net Interest Income	$5,892,674	$5,324,105
Provision for Loan Losses	$100,000	$40,000
Net Interest Income After Provision for Loan Losses	$5,792,674	$5,284,105
Other Operating Income	$1,409,224	$1,443,475
Other Operating Expenses	$5,435,812	$5,130,296
Income Before Income Taxes	$1,766,086	$1,597,284
Income Tax Expense	$270,528	$425,589
Net Income	$1,495,558	$1,171,695
Earnings Per Share	$1.70	$1.32