Photo Credit: Stacey Lee Field
Financial Reports
| 2022 | 2021 | |
|---|---|---|
| Assets | ||
| Cash & Balances Due from Banks | $25,771,373 | $30,696,152 |
| Investment Securities | 465,930,225 | 501,511,752 |
| Loans | 724,812,688 | 648,781,853 |
| Allowance for Loan & Lease Losses | (10,000,000) | (9,451,000) |
| Net Loans | 714,812,688 | 639,330,853 |
| Bank Premises & Equipment | 20,629,943 | 18,425,349 |
| Other Assets | 49,337,452 | 39,967,863 |
| Total Assets | $1,276,481,681 | $1,229,931,969 |
| Liabilities | ||
| Deposits | ||
| Checking Accounts | $547,282,927 | $514,324,008 |
| Time Deposits | 140,992,880 | 124,144,811 |
| Other Deposits | 386,879,928 | 358,358,082 |
| Total Deposits | 1,075,155,735 | 996,826,901 |
| Borrowed Funds* | 41,254,497 | 36,137,963 |
| Other Liabilities | 9,630,244 | 15,083,616 |
| Total Liabilities | 1,126,040,476 | 1,048,048,480 |
| Capital | ||
| General Reserves & Undivided Profits | 190,079,348 | 182,216,679 |
| Accumulated Other Comprehensive Income (Loss) | (39,638,143) | (333,190) |
| Total Capital | 150,441,205 | 181,883,489 |
| Total Liabilities & Reserves | $1,276,481,681 | $1,229,931,969 |
| Memorandum: Letters of Credit Outstanding not included in the above figures | $3,200,558 | $1,943,538 |
* Federal Home Loan Bank advances