Statement of Condition - December 31, 2015

ASSETS
Cash and due from banks $ 11,720,000
Securities available-for-sale 76,243,000
Other securities 800,000
Loans, net of allowance for loan losses 114,911,000
Bank premises and equipment 9,196,000
Accrued interest receivable 864,000
Prepaid expenses 156,000
Other real estate 93,000
Other assets 2,352,000
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Total assets $242,335,000
 
LIABILITIES AND STOCKHOLDERS EQUITY
Liabilities:  
Deposits  
Demand deposits $ 46,282,000
Interest-bearing demand deposits 85,941,000
Savings deposits 38,606,000
Time deposits of $100,000 or more 20,612,000
Other time deposits 21,836,000
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Total deposits 213,277,000
 
Other liabilities  

Accrued interest payable

221,000
Dividends payable 434,000
Advances from federal Home Loan Bank 309,000
   
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Other Liabilities 3,265,000
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Total liabilities 217,506,000
 
Stockholders’ equity:  
Common stock - $10 par value, 180,000 shares authorized 173,535 shares issued and outstanding 1,735,000
Surplus 2,000,000
Undivided profits 22,310,000
Accumulated other comprehensive income (loss) (1,216,000)
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Total stockholders’ equity 24,829,000
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Total liabilities and stockholders’ equity $242,335,000
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