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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 |
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| 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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