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Safety & Security
Statement of Condition
| |
31-Dec-11 |
31-Dec-10 |
| Cash & Due From Banks |
11,137,285 |
8,314,417 |
| Federal Agency Issues |
128,409,278 |
96,832,231 |
| Obligations of States and Political Subdivisions |
86,988,308 |
90,208,430 |
| Other Securities |
1,409,433 |
- |
| Federal Reserve Bank Stock/FHLB Stock |
982,975 |
982,075 |
| Federal Funds Sold |
4,500,000 |
700,000 |
| Loans |
302,320,921 |
307,615,283 |
| Reserve for Bad Debts |
(6,112,065) |
(6,145,172) |
| Fixed Assets |
9,475,385 |
8,729,852 |
| Accrued Interest Income |
4,573,737 |
4,747,071 |
| Other Assets |
37,250,970 |
35,245,713 |
| TOTAL RESOURCES |
$586,111,857 |
$547,229,901 |
| Dividends Payable |
197,403 |
542,859 |
| Accrued Expenses Payable |
1,144,667 |
135,545 |
| Other Liabilities |
3,832,267 |
2,157,677 |
| Demand Deposits - Non-Interest Bearing |
98,594,830 |
84,897,547 |
| Interest Bearing Deposits |
413,934,848 |
399,375,756 |
| TOTAL LIABILITIES |
$517,704,016 |
$487,109,383 |
| Capital Stock |
2,000,000 |
2,000,000 |
| Surplus |
12,000,000 |
12,000,000 |
| Retained Earnings |
49,257,071 |
45,553,857 |
| Net Unrealized Gains (Losses) on Available For Sale Securities |
5,150,770 |
566,661 |
| TOTAL CAPITAL |
$68,407,841 |
$60,120,518 |
Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
