Consolidated Balance Sheet (unaudited)

September 30,20192018
Assets
Cash & Due from Bank$10,490,120$8,570,646
Federal Reserve Bank Balance$4,135,071$6,954,198
Securities$76,077,169$72,852,401
Loans, Net$266,876,427$247,469,511
Bank Premises & Equipment, Net$10,534,798$6,897,440
Other Assets$15,812,359$14,985,316
Total Assets$383,925,944$357,729,512
Liabilities & Shareholders' Equity
Deposits$331,098,435$308,360,536
Securities Sold Under Repurchase Agreements$7,558,296$7,896,041
Other Borrowed Money$1,611,928$5,650,246
Other Liabilities$6,175,531$2,712,754
Total Liabilities$346,444,190$324,619,577
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,319,009)$(905,365)
Accumulated Other Comprehensive Income (Loss)$500,336$(1,495,663)
Retained Earnings$36,900,427$34,110,963
Total Shareholders' Equity$37,481,754$33,109,935
Total Liabilities & Shareholders' Equity$383,925,944$357,729,512
Per Share Book Value
868,546 & 880,682 shares outstanding
$43.15$37.60

 Consolidated Statements of Income (unaudited)

Nine Months Ended September 30,20192018
Total Interest Income$10,545,716$9,330,688
Total Interest Expense$729,696$415,873
Net Interest Income$9,816,020$8,914,815
Provision for Loan Losses$263,000$100,000
Net Interest Income After Provision for Loan Losses$9,553,020$8,814,815
Other Operating Income$2,249,971$2,158,690
Other Operating Expenses$8,383,273$8,056,486
Income Before Income Taxes$3,419,718$2,917,019
Income Tax Expense$553,659$460,980
Net Income$2,866,059$2,456,039
Earnings Per Share$3.30$2.79

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2018 Reports

2017 Reports