Consolidated Balance Sheet (unaudited)

June 3020172016
Assets
Cash & Due from Bank $9,488,097$9,140,833
Federal Reserve Bank Balance$4,103,324$8,288,157
Securities$76,573,406$80,627,588
Loans, Net$229,927,944$211,973,450
Bank Premises & Equipment, Net$7,056,832$7,309,680
Other Assets$14,393,755$13,086,138
Total Assets$341,543,358$330,425,846
Liabilities & Shareholders' Equity
Deposits$297,336,103$282,119,031
Securities Sold Under Repurchase Agreements$7,748,749 $9,998,483
Other Borrowed Money$477,155$3,491,235
Other Liabilities$3,771,365$3,092,259
Total Liabilities$309,333,372$298,701,008
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(745,307)$(750,246)

Accumulated Other Comprehensive Income (Loss)$63,362$1,155,337
Retained Earnings$31,491,931$29,919,747
Total Shareholders' Equity$32,209,986$31,724,838
Total Liabilities & Shareholders' Equity$341,543,358$330,425,846
Per Share Book Value
885,392 and 885,252 shares outstanding
$36.38$35.84

 Consolidated Statements of Income (unaudited)

Six Months Ended June 3020172016
Total Interest Income$5,492,413
$5,254,210

Total Interest Expense$168,308$216,426

Net Interest Income$5,324,105
$5,037,784

Provision for Loan Losses$40,000
$62,000
Net Interest Income After Provision for Loan Losses$5,284,105
$4,975,784

Other Operating Income$1,443,475$1,347,252

Other Operating Expenses$5,130,296
$5,048,283

Income Before Income Taxes$1,597,284$1,274,753

Income Tax Expense$425,589
$316,165

Net Income$1,171,695
$958,588

Earnings Per Share$1.32
$1.08

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