Consolidated Balance Sheet (unaudited)

September 30,20182017
Assets
Cash & Due from Bank$8,570,646$10,747,082
Federal Reserve Bank Balance$6,954,198$14,848,758
Securities$72,852,401$77,462,354
Loans, Net$247,469,511$232,745,507
Bank Premises & Equipment, Net$6,897,440$7,031,477
Other Assets$14,985,316$14,734,971
Total Assets$357,729,512$357,570,149
Liabilities & Shareholders' Equity
Deposits$308,360,536$312,425,547
Securities Sold Under Repurchase Agreements$7,896,041$7,955,457
Other Borrowed Money$5,650,246$962,710
Other Liabilities$2,712,754$3,526,017
Total Liabilities$324,619,577$324,869,731
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(905,365)$(744,943)
Accumulated Other Comprehensive Income (Loss)$(1,495,663)$58,424
Retained Earnings$34,110,963$31,986,937
Total Shareholders' Equity$33,109,935$32,700,418
Total Liabilities & Shareholders' Equity$357,729,512$357,570,149
Per Share Book Value
880,682 & 885,402 shares outstanding
$37.60$36.93

 Consolidated Statements of Income (unaudited)

Nine Months Ended September 30,20182017
Total Interest Income$9,330,688$8,396,285
Total Interest Expense$415,873$257,983
Net Interest Income$8,914,815$8,138,302
Provision for Loan Losses$100,000$40,000
Net Interest Income After Provision for Loan Losses$8,814,815$8,098,302
Other Operating Income$2,158,690$2,187,322
Other Operating Expenses$8,056,486$7,717,787
Income Before Income Taxes$2,917,019$2,567,837
Income Tax Expense$460,980$697,493
Net Income$2,456,039$1,870,344
Earnings Per Share$2.79$2.11

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