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Safety & Security
Statement of Condition
| |
June 30, 2010 |
June 30, 2009 |
| Cash & Due From Banks |
9,192,979 |
9,721,826 |
| Federal Agency Issues |
63,153,821 |
47,569,702 |
| Obligations of States and Political Subdivisions |
81,760,513 |
73,636,281 |
| Federal Reserve Bank Stock/FHLB Stock |
981,375 |
964,076 |
| Federal Funds Sold |
34,316,244 |
18,550,000 |
| Loans |
350,334,129 |
352,124,751 |
| Reserve for Bad Debts |
(6,176,235) |
(5,221,837) |
| Fixed Assets |
10,283,537 |
11,004,389 |
| Accrued Interest Income |
4,966,222 |
4,784,491 |
| Other Assets |
33,320,972 |
26,567,388 |
| TOTAL RESOURCES |
$582,133,557 |
$539,701,065 |
| Dividends Payable |
542,859 |
562,462 |
| Accrued Expenses Payable |
797,958 |
543,859 |
| Other Liabilities |
2,875,894 |
2,753,960 |
| Demand Deposits - Non-Interest Bearing |
86,424,510 |
83,667,427 |
| Interest Bearing Deposits |
430,144,696 |
396,858,819 |
| TOTAL LIABILITIES |
$520,785,916 |
$484,386,527 |
| Capital Stock |
2,000,000 |
2,000,000 |
| Surplus |
12,000,000 |
12,000,000 |
| Retained Earnings |
45,100,050 |
40,712,401 |
| Net Unrealized Gains (Losses) on Available For Sale Securities |
2,247,591 |
602,137 |
| TOTAL CAPITAL |
$61,347,640 |
$55,314,538 |
Important disclosures regarding the FDIC’s Transaction Account Guarantee Program
