Consolidated Balance Sheet (unaudited)

December 31,20192018
Assets
Cash & Due from Bank$8,266,044$10,715,304
Federal Reserve Bank Balance$16,801,832$19,222,222
Securities$76,575,419$70,454,565
Loans, Net$261,926,150$249,253,572
Bank Premises & Equipment, Net$10,461,856$6,842,374
Other Assets$16,864,566$15,128,550
Total Assets$390,895,867$371,616,587
Liabilities & Shareholders' Equity
Deposits$334,520,637$320,865,634
Securities Sold Under Repurchase Agreements$10,637,411$11,970,884
Other Borrowed Money$1,602,494$1,640,928
Other Liabilities$6,516,995$2,905,569
Total Liabilities$353,277,537$337,383,015
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,470,989)$(962,485)
Accumulated Other Comprehensive Income (Loss)$303,894$(883,374)
Retained Earnings$37,385,425$34,679,431
Total Shareholders' Equity$37,618,330$34,233,572
Total Liabilities & Shareholders' Equity$390,895,867$371,616,587
Per Share Book Value
864,046 & 879,002 shares outstanding
$43.54$38.95

 Consolidated Statements of Income (unaudited)

Twelve Months Ended December 31,20192018
Total Interest Income$14,078,603$12,639,020
Total Interest Expense$1,017,772$576,348
Net Interest Income$13,060,831$12,062,672
Provision for Loan Losses$563,000$123,000
Net Interest Income After Provision for Loan Losses$12,497,831$11,939,672
Other Operating Income$3,081,935$2,863,886
Other Operating Expenses$11,357,479$10,995,101
Income Before Income Taxes$4,222,287$3,808,457
Income Tax Expense$655,218$572,826
Net Income$3,567,069$3,235,631
Earnings Per Share$4.13$3.68