Consolidated Balance Sheet (unaudited)

March 31,20182017
Assets
Cash & Due from Bank$8,592,748$8,165,203
Federal Reserve Bank Balance$8,671,840$16,788,334
Securities$80,419,260$78,625,128
Loans, Net$240,097,130$223,087,260
Bank Premises & Equipment, Net$6,993,297$7,105,831
Other Assets$14,578,518$13,605,118
Total Assets$359,352,793$347,376,874
Liabilities & Shareholders' Equity
Deposits$312,388,035$304,716,138
Securities Sold Under Repurchase Agreements$10,976,217$7,310,645
Other Borrowed Money$953,802$481,594
Other Liabilities$2,732,302$3,207,369
Total Liabilities$327,050,356$315,715,746
Shareholders' Equity
Common Stock & Related Surplus$1,400,000$1,400,000
Treasury Stock$(784,665)$(745,665)
Accumulated Other Comprehensive Income (Loss)$(1,084,542)$(97,502)
Retained Earnings$32,771,644$31,104,295
Total Shareholders' Equity$32,302,437$31,661,128
Total Liabilities & Shareholders' Equity$359,352,793$347,376,874
Per Share Book Value
884,232 & 885,382 shares outstanding
$36.53$35.76

 Consolidated Statements of Income (unaudited)

Three Months Ended March 31,20182017
Total Interest Income$3,003,850$2,707,848
Total Interest Expense$96,194$91,276
Net Interest Income$2,907,656$2,616,572
Provision for Loan Losses$25,000$20,000
Net Interest Income After Provision for Loan Losses$2,882,656$2,596,572
Other Operating Income$679,657$764,899
Other Operating Expenses$2,736,738$2,557,303
Income Before Income Taxes$825,575$804,168
Income Tax Expense$123,286$214,895
Net Income$702,289$589,273
Earnings Per Share$0.79$0.67

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