Consolidated Balance Sheet (unaudited)

December 3120162015
Assets
Cash & Due from Bank$10,902,626$10,881,063
Federal Reserve Bank Balance$12,991,328$10,244,423
Securities$77,099,058$88,705,393
Loans, Net$225,758,321$206,992,486
Bank Premises & Equipment, Net$7,165,057$7,537,188
Other Assets$13,930,192$12,971,038
Total Assets$347,846,582$337,331,591
Liabilities & Shareholders' Equity
Deposits$303,353,522$291,662,599
Securities Sold Under Repurchase Agreements$6,893,651$9,065,487
Other Borrowed Money$3,496,641$3,514,669
Other Liabilities$2,947,923$3,033,812
Total Liabilities$316,691,737$307,276,567
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(749,888)$(754,691)
Accumulated Other Comprehensive Income (Loss)$(205,073)$76,409
Retained Earnings$30,709,806$29,332,961
Total Shareholders' Equity$31,154,845$30,055,024
Total Liabilities & Shareholders' Equity$347,846,582$337,331,591
Per Share Book Value
885,232 and 885,112 shares outstanding
$35.19$33.96

 Consolidated Statements of Income (unaudited)

Twelve Months Ended December 3120162015
Total Interest Income$10,620,674$10,217,564
Total Interest Expense$429,929$518,348
Net Interest Income$10,190,745$9,699,216
Provision for Loan Losses$92,000$365,000
Net Interest Income After Provision for Loan Losses$10,098,745$9,334,216
Other Operating Income$2,986,728$2,685,319
Other Operating Expenses$10,269,488$9,965,869
Income Before Income Taxes$2,815,985$2,053,666
Income Tax Expense$677,823$403,352
Net Income$2,138,162$1,650,314
Earnings Per Share$2.42$1.86

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