Statement of Condition
As of December 31, 2022
Assets
| Details | 2022 | 2021 |
|---|
|
Cash and Due from Depository Institutions
|
$4,801,730
|
$1,205,640
|
|
Securities
|
$32,433,464
|
$39,098,231
|
|
Federal Funds Sold
|
$6,425,000
|
$0
|
|
Loans and Lease Financing Receivables
|
$106,019,948
|
$98,244,169
|
|
Less: Allowance for Loan and Lease Losses
|
($5,000,000)
|
($4,421,495)
|
|
Net Loans and Lease Financing Receivables
|
$101,019,948
|
$93,822,674
|
| Premises and Fixed Assets |
$492,916
|
$566,935
|
|
Other Real Estate Owned
|
$0
|
$0
|
|
Other Assets
|
$6,365,034
|
$5,076,199
|
|
TOTAL ASSETS
|
$151,538,092
|
$139,769,680
|
|---|
Liabilities
| Details | 2022 | 2021 |
|---|
|
Deposits
|
$128,954,788
|
$107,396,895
|
|
Federal Funds Purchased
|
$0
|
$4,150,000
|
|
Other Borrowed Money
|
$0
|
$3,500,000
|
|
Other Liabilities
|
$306,469
|
$1,977,718
|
|
TOTAL LIABILITIES
|
$129,261,257
|
$117,024,612
|
|---|
Equity Capital
| Details | 2022 | 2021 |
|---|
|
Common Stock
|
$100,000
|
$100,000
|
|
Surplus
|
$12,751,530
|
$12,350,000
|
|
Undivided Profits
|
$9,425,305
|
$10,295,068
|
|
TOTAL EQUITY CAPITAL
|
$22,276,835
|
$22,745,068
|
|---|
|
TOTAL LIABILITIES & EQUITY CAPITAL
| $151,538,092 | $139,769,680 |
|---|
|
