Statement of Condition
| 31-Dec-19 | |||
| Assets: | 2019 | ||
| Cash and due from banks | $5,696,081 | ||
| Investment CD (maturing less than one year) | 4,980,000 | ||
| Federal funds sold | 647,191 | ||
| Total cash and cash equivalents | 11,323,272 | ||
| Investment securities | 38,592,408 | ||
| Loans, net of allowance | 85,923,699 | ||
| Premises and equipment, net | 946,624 | ||
| Accrued income and other assets | 5,013,371 | ||
| Total assets | $141,799,374 | ||
| LIABILITIES: | |||
| Deposits: | |||
| Demand | $32,315,675 | ||
| Savings and thrift | 44,491,612 | ||
| Time deposits > 100,000 | 11,325,992 | ||
| Other time deposits | 13,478,655 | ||
| Non-interest bearing demand deposits | 20,179,382 | ||
| Total deposits | 121,791,316 | ||
| Short term borrowings | 2,500,000 | ||
| Other Liabilities | 593,350 | ||
| Total liabilities | 124,884,666 | ||
| Shareholders' Equity: | |||
| Common stock | 166,620 | ||
| Paid in capital | 143,511 | ||
| Retained earnings | 16,642,601 | ||
| Accumulated other comprehensive income | (38,024) | ||
| Total shareholders' equity | 16,914,708 | ||
| Total liabilities and shareholders' equity | $141,799,374 | ||
