| |
|
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 |
