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Statement of Condition

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Statement of Condition

At the close of business - March 31,2019
 ASSETS  
 Cash and non-interest bearing balances due from banks       $4,539,000
 Interest-bearing balances  $15,139,000
 Held-to-maturity securities  $20,002,000
 Available-for-sale securities  $58,813,000
 Federal funds sold  $0
 Total Cash Resources $98,493,000

 

Loans $92,276,000
     Less: Allowance for loan losses                         $1,645,000
     Loans: Net of allowance $90,631,000
Accrued income $706,000
Bank building, furniture & parking lot $10,217,000
Other assets $8,471,000
Other real estate $849,000
Total Assets $209,367,000

 

LIABILITIES
Deposits                                                             $184,817,000
     Noninterest-bearing  $52,863,000
     Interest-bearing $131,954,000
Federal Funds Purchased $0
Other liabilities $224,000
 Total Liabilities   $185,041,000

 

EQUITY CAPITAL
Common stock                                                                  $400,000
Surplus  $400,000
Undivided profit  $24,067,000
     Net unrealized gains (losses) on available-for-sale securities  ($541,000)
   Total Equity Capital   $24,326,000
   Total Liabilities & Equity Capital  
$209,367,000