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Our Statement of Condition as of December 31, 2009
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Comparative
Statement of Income 12 Months Ending December 31
2009 2008
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| Interest Income |
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Interest and fees on Loans
Interest on Securities
Interest on Federal Funds Sold
Interest on Deposits in Banks
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2,103,260.04
434,123.57
2.57
17,207.87
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2,086,003.08
794,219.43
44,388.40
4,968.57
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Total Interest Income
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2,554,594.05
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2,949,579.48
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Interest on Deposits
Interest on Borrowed Funds
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694,162.45
25.95
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1,158,091.14
2,111.74
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Total Interest Expense
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694,188.40
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1,160,202.88
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Net Interest Income
Less Provision for Loan Losses
Net Interest income less
provision for loan losses
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1,860,405.65
0.00
1,860,405.65
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1,769,376.60
0.00
1,769,376.60
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Service Charges on Deposit Accounts
Insurance Commissions
Securities Gains (Losses)
Other Assets Gains (Losses)
Other Operating Income
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141,086.86
192.47
0.00
32,835.22
129,855.59
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116,332.67
1,531.19
(37,888.77)
7,229.17
114,710.13 |
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Total Non-Interest Income
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303,970.14
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201,914.39
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Salaries and Employee Benefits
Premises and Equipment Expenses
Franchise and Personal Property tax
Other Operating Expense
Total Non-Interest Expense
Income Before Federal Income Tax
Federal Income Tax Expense
Net Income
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993,391.42
170,133.98
37,461.95
497,172.10
1,698,159.45
466,216.34
81,576.22
384,640.12
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1,000,420.12
168,185.13
26,344.94
412,838.28
1,607,788.47
363,502.52
43,492.65
320,009.87
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Comparative
Balance Sheet |
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December 31
2009 2008
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| Assets |
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Cash and Due From Bank
Interest-Bearing Deposit in Banks
Securities available for sale
Securities held to maturity
Federal Funds Sold
Loans:
Loans,net of unearned income
Allowance for Loan Losses
Net Loans
Bank Premises and Equipment
Other Real Estate Owned
Investment in Subsidiary
Accrued Income Receivable
Other Assets
Total Assets
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2,536,446.15
990,276.65
4,659,026.75
4,543,000.34
0.00
40,190,732.18
(585,687.04)
39,608,045.14
607,339.28
18,000
1,000.00
422,914.14
1,495,142.28
54,881,190.73
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1,315,674.49
278,252.64
8,662,187.75
6,541,498.73
0.00
35,794,691.82
(585,602.14)
35,209,089.68
609,162.71
0.00
1,000.00
497,581.66
1,227,891.21
54,342,338.87
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Non-Interest Bearing
Interest Bearing
Total Deposit
Accured Interest,Expenses& Taxes
Borrowed Funds
Other Liabilities
Total Liabilities
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7,711,800.56
39,838,367.81
47,550,168.37
1,053,526.75
0.00
160,000.00
48,763,695.12
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6,629,157.09
40,480,152.86
47,109,310.55
1,013,383.63
0.00
160,000.00
48,282,694.18
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Shareholders' Equity
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Common Stock
surplus
Retained Earnings
Net Unrealized gain/loss on Securities
Total Shareholders' Equity
Total Liabilities and
Shareholders' Equity
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100,000.00
2,600,000.00
3,404,243.90
13,251.71
6,117,495.61
54,881,190.73
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100,000.00
2,600,000.00
3,339,603.78
20,040.91
6,059,644.69
54,342,338.87
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| Changes In Equity Capital |
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Ending
2009
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December 31
2008 |
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Beginning Balance
Net Income
Less: Cash dividends declared
Net Unrealized Gain/Loss on Securities
Total Equity Capital
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6,059,644.69
384,640.12
320,000.00
(6,789.20)
6,117,495.61
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6,006,590.41
320,009.87
320,000.00
53,044.41
6,059,644.69
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Allowances for Loan Losses |
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Beginning Balance
Recoveries
Less Charge-Offs
Provision for Loan Losses
Ending Balance
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585,602.14
1,484.19
4,399.29
0.00
582,687.04
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584,344.77
1,268.50
11.13
0.00
585,602.14
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Past Due Loans and Leases |
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Loans past due 30-89 days
Loans past due 90 days or more
Ending Balance
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60,868.89
0.00
60,868.89
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0.00
0.00
0.00
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Nonperforming Assets |
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Nonperforming Loans
Foreclosed assets
Total Nonperforming Assets
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0.00
18,000.00
18,000.00
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34,792.94
0.00
34,792.94
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THIS STATEMENT HAS NOT BEEN REVIEWED, OR CONFIRMED FOR ACCURACY OR RELEVANCE, BY THE FEDERAL DEPOSIT INSURANCE CORPORATION
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