Consolidated Balance Sheet (unaudited)

June 30,20182017
Assets
Cash & Due from Bank$9,240,795$9,488,097
Federal Reserve Bank Balance$3,552,762$4,103,324
Securities$76,103,986$76,573,406
Loans, Net$245,863,394$229,927,944
Bank Premises & Equipment, Net$6,975,346$7,056,832
Other Assets$14,695,222$14,393,755
Total Assets$356,431,505$341,543,358
Liabilities & Shareholders' Equity
Deposits$303,406,235$297,336,103
Securities Sold Under Repurchase Agreements$6,182,645$ 7,748,749
Other Borrowed Money$11,659,903$477,155
Other Liabilities$2,579,650$3,771,365
Total Liabilities$323,828,433$309,333,372
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(850,964)$(745,307)
Accumulated Other Comprehensive Income (Loss)$(1,307,929)$63,362
Retained Earnings$33,361,965$31,491,931
Total Shareholders' Equity$32,603,072$32,209,986
Total Liabilities & Shareholders' Equity$356,431,505$341,543,358
Per Share Book Value
882,282 & 885,392 shares outstanding
$36.95$36.38

 Consolidated Statements of Income (unaudited)

Six Months Ended June 30,20182017
Total Interest Income$6,110,436$5,492,413
Total Interest Expense$217,762$168,308
Net Interest Income$5,892,674$5,324,105
Provision for Loan Losses$100,000$40,000
Net Interest Income After Provision for Loan Losses$5,792,674$5,284,105
Other Operating Income$1,409,224$1,443,475
Other Operating Expenses$5,435,812$5,130,296
Income Before Income Taxes$1,766,086$1,597,284
Income Tax Expense$270,528$425,589
Net Income$1,495,558$1,171,695
Earnings Per Share$1.70$1.32

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