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Statement of Condition

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Statement of Condition

At the close of business - December 31, 2018
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,160,000
 Interest-bearing balances  $27,107,000
 Held-to-maturity securities  $25,001,000
 Available-for-sale securities  $45,987,000
 Federal funds sold  $0
 Total Cash Resources $102,255,000

 

Loans $94,261,000
     Less: Allowance for loan losses                         $1,667,000
     Loans: Net of allowance $92,594,000
Accrued income $583,000
Bank building, furniture & parking lot $10,236,000
Other assets $8,391,000
Other real estate $562,000
Total Assets $214,621,000

 

LIABILITIES
Deposits                                                             $190,728,000
     Noninterest-bearing  $53,930,000
     Interest-bearing $136,798,000
Federal Funds Purchased $0
Other liabilities $201,000
 Total Liabilities   $190,929,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $23,993,000
     Net unrealized gains (losses) on available-for-sale securities  ($1,101,000)
   Total Equity Capital   $23,692,000
   Total Liabilities & Equity Capital  
$214,621,000