Consolidated Balance Sheet (unaudited)

March 31,20192018
Assets
Cash & Due from Bank$8,429,970$8,592,748
Federal Reserve Bank Balance$9,310,933$8,671,840
Securities$76,417,506$80,419,260
Loans, Net$251,043,366$240,097,130
Bank Premises & Equipment, Net$6,963,269$6,993,297
Other Assets$15,780,894$14,578,518
Total Assets$367,945,938$359,352,793
Liabilities & Shareholders' Equity
Deposits$321,216,451$312,388,035
Securities Sold Under Repurchase Agreements$6,917,883$10,976,217
Other Borrowed Money$1,631,010$953,802
Other Liabilities$2,889,586$2,732,302
Total Liabilities$332,654,930$327,050,356
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,180,595)$(784,665)
Accumulated Other Comprehensive Income (Loss)$(250,697)$(1,084,542)
Retained Earnings$35,322,300$32,771,644
Total Shareholders' Equity$35,291,008$32,302,437
Total Liabilities & Shareholders' Equity$367,945,938$359,352,793
Per Share Book Value
872,587 & 884,232 shares outstanding
$40.44$36.53

 Consolidated Statements of Income (unaudited)

Three Months Ended March 31,20192018
Total Interest Income$3,383,994$3,003,850
Total Interest Expense$190,466$96,194
Net Interest Income$3,193,528$2,907,656
Provision for Loan Losses$50,000$25,000
Net Interest Income After Provision for Loan Losses$3,143,528$2,882,656
Other Operating Income$671,068$679,657
Other Operating Expenses$2,800,007$2,736,738
Income Before Income Taxes$1,014,589$825,575
Income Tax Expense$161,327$123,286
Net Income$853,262$702,289
Earnings Per Share$0.98$0.79

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