About Us

Statement Of Condition

DECEMBER 31, 2007

Assets

CASH & DUE FROM BANKS $ 8,897,358
FEDERAL FUNDS SOLD 6,775,000
SECURITIES AVAILABLE FOR SALE 66,221,324
LOANS HELD FOR SALE 3,425,692
LOANS, NET 219,367,672
PREMISES AND EQUIPMENT, NET 10,041,810
FEDERAL HOME LOAN BANK STOCK, AT COST 1,085,100
ACCRUED INTEREST RECEIVABLE & OTHER ASSETS 6,222,013
TOTAL ASSETS $ 322,035,969

Liabilities & Stockholders' Equity

NON INTEREST-BEARING DEPOSITS $ 66,655,912
INTEREST-BEARING DEPOSITS 200,388,469
       TOTAL DEPOSITS 267,044,381
FEDERAL FUNDS PURCHASED & REPURCHASE AGREEMENTS 0
SECURITIES SOLD UNDER AGREEMENT TO REPURCHASE 16,538,661
ADVANCES FROM FEDERAL HOME LOAN BANK 2,479,472
ACCRUED INTEREST PAYABLE & OTHER LIABILITIES 2,044,237
      TOTAL LIABILITIES 288,106,751
STOCKHOLDERS' EQUITY  
      COMMON STOCK 1,000,000
      SURPLUS 14,168,054
      RETAINED EARNINGS 18,537,212
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (223,952)
TOTAL STOCKHOLDERS' EQUITY 33,929,218
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 322,035,969

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