| |
|
31-Dec-18 |
|
| |
|
|
|
| Assets: |
|
2018 |
| |
|
|
|
| Cash and due from banks |
$7,773,456 |
| Investment CD (maturing less than one year) |
5,218,000 |
| |
|
|
|
| Federal funds sold |
1,299,583 |
| Total cash and cash equivalents |
14,291,039 |
| |
|
|
|
| |
|
|
|
| Investment securities |
38,221,754 |
| |
|
|
|
| Loans, net of allowance |
82,117,527 |
| |
|
|
|
| Premises and equipment, net |
1,037,809 |
| Accrued income and other assets |
5,200,860 |
| |
|
|
|
| |
|
Total assets |
$140,868,989 |
| |
|
|
|
| LIABILITIES: |
|
| |
|
|
|
| Deposits: |
|
| |
|
|
|
| |
Demand |
$33,872,267 |
| |
Savings and thrift |
44,583,459 |
| |
Time deposits > 100,000 |
12,817,668 |
| |
Other time deposits |
13,938,705 |
| |
|
|
|
| Non-interest bearing demand deposits |
19,331,749 |
| |
|
Total deposits |
124,543,848 |
| |
|
|
|
| Short term borrowings |
0 |
| Other Liabilities |
792,251 |
| |
|
Total liabilities |
125,336,099 |
| |
|
|
|
| |
|
|
|
| Shareholders' Equity: |
|
| |
|
|
|
| Common stock |
166,620 |
| Paid in capital |
439,160 |
| Retained earnings |
15,809,542 |
| |
|
|
|
| Accumulated other comprehensive income |
(882,432) |
| |
|
Total shareholders' equity |
15,532,890 |
| |
|
Total liabilities and shareholders' equity |
$140,868,989 |
