Statement of Condition

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Statement of Condition

At the close of business - September 30, 2018
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,555,000
 Interest-bearing balances  $19,897,000
 Held-to-maturity securities  $25,000,000
 Available-for-sale securities  $47,662,000
 Federal funds sold  $0
 Total Cash Resources $97,114,000

 

Loans $97,262,000
     Less: Allowance for loan losses                         $1,653,000
     Loans: Net of allowance $95,609,000
Accrued income $629,000
Bank building, furniture & parking lot $10,300,000
Other assets $8,291,000
Other real estate $592.000
Total Assets $212,535,000

 

LIABILITIES
Deposits                                                             $189,343,000
     Noninterest-bearing  $52,297,000
     Interest-bearing $137,046,000
Federal Funds Purchased $0
Other liabilities $157,000
 Total Liabilities   $189,500,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $23,850,000
     Net unrealized gains (losses) on available-for-sale securities  ($1,615,000)
   Total Equity Capital   $23,035,000
   Total Liabilities & Equity Capital  
$212,535,000