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

Consolidated Balance Sheet (unaudited)

June 30,20212020
Assets
Cash & Due from Bank$10,021,866$8,619,204
Federal Reserve Bank Balance$56,547,616$44,403,529
Securities$146,634,289$89,579,421
Loans, Net$281,553,265$271,963,991
Bank Premises & Equipment, Net$10,202,903$10,561,147
Other Assets$16,981,131$17,618,709
Total Assets$521,941,070$442,746,001
Liabilities & Shareholders' Equity
Deposits$451,247,957$378,953,791
Securities Sold Under Repurchase Agreements$20,751,874$15,672,434
Other Borrowed Money$1,054,074$1,582,940
Other Liabilities$6,061,021$6,396,689
Total Liabilities$479,114,926$402,605,854
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,520,195)$(1,500,599)
Accumulated Other Comprehensive Income (Loss)$572,350$1,670,301
Retained Earnings$42,373,989$38,570,446
Total Shareholders' Equity$42,826,144$40,140,148
Total Liabilities & Shareholders' Equity$521,941,070$442,746,002
Per Share Book Value
862,619 & 863,250 shares outstanding
$49.65$46.50

 Consolidated Statements of Income (unaudited)

Six Months Ended June 30,20212020
Total Interest Income$6,714,829$6,937,218
Total Interest Expense$(122,591)$(491,623)
Net Interest Income$6,592,238$6,445,595
Provision for Loan Losses$25,000$(395,500)
Net Interest Income After Provision for Loan Losses$6,617,238$6,050,095
Other Operating Income$2,140,095$1,693,218
Other Operating Expenses$(5,987,662)$(5,891,266)
Income Before Income Taxes$2,769,671$1,852,047
Income Tax Expense$(402,618)$(217,942)
Net Income$2,367,053$1,634,105
Earnings Per Share$2.74$1.89