Statement of Condition

	March 31, 2024	December 31, 2023
Cash & Due From Banks	29,357,932	15,923,881
Federal Funds Sold	35,000,000	31,500,000
Securities available for sale	201,407,890	238,835,649
Securities held to maturity	1,473,278	1,502,399
Corporate Bonds HTM	7,500,000	7,500,000
Loans	740,227,773	732,959,895
Reserve for Bad Debts	(9,168,354)	(8,871,955)
Fixed Assets	21,698,731	21,399,738
Bank-Owned Life Insurance	26,057,157	25,634,408
Accrued Interest Income	6,209,006	5,996,285
Other Assets	27,477,810	38,219,586
Total Assets	$1,087,241,223	$1,110,599,886
Demand Deposits - Non-Interest Bearing	240,997,328	232,332,579
Interest Bearing Deposits	722,273,128	701,227,711
Total Deposits	963,270,456	933,560,290
Accrued expenses and other liabilities	13,487,352	15,241,769
Federal Funds Purchased	-	50,000,000
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$987,067,808	$1,009,112,059
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	116,139,927	114,152,950
(Less: Treasury Stock)	(9,222,330)	(8,972,330)
Net Unrealized Gains (Losses) on Available For Sale Securities	(31,325,333)	(28,273,944)
Total Capital	$100,173,415	$101,487,827