Statement of Condition
As of December 31, 2010
| Assets | 2010 | 2009 |
|---|---|---|
| Cash and Due from Depository Institutions | 2,776,729 | 2,119,323 |
| Securities | 32,533,946 | 18,706,865 |
| Federal Funds Sold | 17,350,000 | 5,075,000 |
| Loans and Lease Financing Receivables | 40,709,043 | 26,389,298 |
| Less: Allowance for Loan and Lease Losses | (1,001,538) | (359,171) |
| Net Loans and Lease Financing Receivables | 39,707,506 | 26,030,128 |
| Premises and Fixed Assets | 833,570 | 552,586 |
| Other Real Estate Owned | 0 | 0 |
| Other Assets | 543,729 | 1,229,582 |
| Total Assets: | 93,745,479 | 53,713,484 |
| Liabilities | ||
| Deposits | 77,712,344 | 47,654,365 |
| Federal Funds Purchased | 0 | 0 |
| Other Borrowed Money | 468,607 | 526,126 |
| Other Liabilities | 2,951,758 | 332,357 |
| Total Liabilities: | 81,132,709 | 48,512,848 |
| Common Stock | 100,000 | 100,000 |
| Surplus | 5,350,000 | 2,500,000 |
| Undivided Profits | 7,162,770 | 2,600,636 |
| Total Equity Capital: | 12,612,770 | 5,200,636 |
| Total Liabilities and Capital: | 93,745,479 | 53,713,484 |
