Statement of Condition

As of December 31, 2018

Assets 2018 2017
Cash and Due from Depository Institutions 3,752,333 2,898,106
Securities 27,544,070 22,570,505
Federal Funds Sold 5,575,000 9,150,000
Loans and Lease Financing Receivables 91,486,223 78,831,556
Less: Allowance for Loan and Lease Losses (4,394,467) (2,417,790)
Net Loans and Lease Financing Receivables 87,091,756 76,413,766
Premises and Fixed Assets 617,827 575,336
Other Real Estate Owned 0 91,593
Other Assets 5,232,793 4,130,194
Total Assets: 129,813,779 115,829,500
  
Liabilities    
Deposits 99,569,036 86,451,180
Federal Funds Purchased 0 0
Other Borrowed Money 10,000,000 10,000,000
Other Liabilities 251,649 133,575
Total Liabilities: 109,820,685 96,584,755
   
Common Stock 100,000 100,000
Surplus 12,350,000 12,350,000
Undivided Profits 7,543,094 6,830,986
Total Equity Capital: 19,993,094 19,244,745
Total Liabilities and Capital: 129,813,779 115,829,500