Statement of Condition
As of December 31, 2023
Assets
Details | 2022 | 2023 |
Cash and Due from Depository Institutions
|
$4,801,730
|
$8,480,206
|
Securities
|
$32,433,464
|
$32,650,699
|
Federal Funds Sold
|
$6,425,000
|
$0
|
Loans and Lease Financing Receivables
|
$106,019,948
|
$114,857,152
|
Less: Allowance for Loan and Lease Losses
|
($5,000,000)
|
($6,000,000)
|
Net Loans and Lease Financing Receivables
|
$101,019,948
|
$108,857,153
|
Premises and Fixed Assets |
$492,916
|
$547,710
|
Other Real Estate Owned
|
$0
|
$0
|
Other Assets
|
$6,365,034
|
$7,167,999
|
TOTAL ASSETS
|
$151,538,092
|
$157,703,767
|
Liabilities
Details | 2022 | 2023 |
Deposits
|
$128,954,788
|
$124,227,816
|
Federal Funds Purchased
|
$0
|
$2,550,000
|
Other Borrowed Money
|
$0
|
$0
|
Other Liabilities
|
$306,469
|
$2,327,854
|
TOTAL LIABILITIES
|
$129,261,257
|
$129,105,669
|
Equity Capital
Details | 2022 | 2023 |
Common Stock
|
$100,000
|
$100,000
|
Surplus
|
$12,751,530
|
$12,751,530
|
Undivided Profits
|
$9,425,305
|
$15,746,568
|
TOTAL EQUITY CAPITAL
|
$22,276,835
|
$28,598,098
|
TOTAL LIABILITIES & EQUITY CAPITAL
| $151,538,092 | $157,703,767 |
|