Statement of Condition - December 31, 2016

ASSETS
Cash and due from banks

$ 5,412,840

Securities available-for-sale 65,886,171
Other securities 803,350
Loans, net of allowance for loan losses 156,983,506
Bank premises and equipment 8,852,208
Accrued interest receivable 839,994
Prepaid expenses 373,195
Other real estate 974,280
Other assets 2,042,634
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Total assets $242,168,178
 
LIABILITIES AND STOCKHOLDERS EQUITY
Liabilities:  
Deposits  
Demand deposits $ 52,130,340
Interest-bearing demand deposits 87,396,975
Savings deposits 32,064,885
Time deposits of $100,000 or more 21,255,773
Other time deposits 21,235,737
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Total deposits 214,083,710
 
Other liabilities  

Accrued interest payable

292,056
Dividends payable 433,838
Advances from federal Home Loan Bank 1,170,598
   
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Other Liabilities 1,854,747
 Total other liabilities 3,751,239
   
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Total liabilities 217,834,949
 
Stockholders’ equity:  
Common stock - $10 par value, 180,000 shares authorized 173,535 shares issued and outstanding 1,735,350
Surplus 2,000,000
Undivided profits 22,747,610
Accumulated other comprehensive income (loss) (2,149,731)
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Total stockholders’ equity 24,333,229
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Total liabilities and stockholders’ equity $242,168,178