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

Consolidated Balance Sheet (unaudited)

December 31,20202019
Assets
Cash & Due from Bank$7,213,488$8,266,044
Federal Reserve Bank Balance$61,103,199$16,801,832
Securities$119,071,394$76,575,419
Loans, Net$270,628,045$261,926,150
Bank Premises & Equipment, Net$10,465,567$10,461,856
Other Assets$17,822,225$16,864,566
Total Assets$486,303,918$390,895,867
Liabilities & Shareholders' Equity
Deposits$415,600,133$334,520,637
Securities Sold Under Repurchase Agreements$23,037,414$10,637,411
Other Borrowed Money$1,073,724$1,602,494
Other Liabilities$4,812,152$6,516,995
Total Liabilities$444,523,423$353,277,537
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(1,507,071)$(1,470,989)
Accumulated Other Comprehensive Income (Loss)$1,397,455$303,894
Retained Earnings$40,490,112$37,385,425
Total Shareholders' Equity$41,780,496$37,618,330
Total Liabilities & Shareholders' Equity$486,303,918$390,895,867
Per Share Book Value
862,980 & 864,046 shares outstanding
$48.41$43.54

 Consolidated Statements of Income (unaudited)

Twelve Months Ended December 31,20202019
Total Interest Income$13,816,219$14,078,603
Total Interest Expense$674,968$1,017,772
Net Interest Income$13,141,251$13,060,831
Provision for Loan Losses$395,500$563,000
Net Interest Income After Provision for Loan Losses$12,745,751$12,497,831
Other Operating Income$4,320,388$3,081,935
Other Operating Expenses$12,442,070$11,357,479
Income Before Income Taxes$4,624,069$4,222,287
Income Tax Expense$621,479$655,218
Net Income$4,002,590$3,567,069
Earnings Per Share$4.64$4.13