| ASSETS |
| Cash and due from banks |
$ 8,996,631 |
| Securities available-for-sale |
69,011,117 |
| Other securities |
685,850 |
| Loans, net of allowance for loan losses |
96,096,504 |
| Bank premises and equipment |
2,150,211 |
| Accrued interest receivable |
1,078,153 |
| Prepaid expenses |
749,119 |
| Other real estate |
35,000 |
| Other assets |
2,377,786 |
| |
-------------------- |
| Total assets |
$181,180,371 |
| |
| LIABILITIES AND STOCKHOLDERS EQUITY |
| Liabilities: |
|
| Deposits |
|
| Demand deposits |
$ 30,863,762 |
| Interest-bearing demand deposits |
40,742,855 |
| Savings deposits |
31,981,745 |
| Time deposits of $100,000 or more |
21,112,480 |
| Other time deposits |
25,405,859 |
| |
------------------------------ |
| Total deposits |
150,106,701 |
| |
| Other liabilities |
|
|
Accrued interest payable
|
228,988 |
| Dividends payable |
433,838 |
| Advances from federal Home Loan Bank |
4,344,290 |
| Advance payments by borrowers for taxes and insurances |
45,367 |
| |
-------------------- |
| Other Liabilities |
2,170,419 |
| |
-------------------- |
| Total other liabilities |
7,282,902 |
| |
------------------------------ |
| Total liabilities |
157,389,603 |
| |
| Stockholders’ equity: |
|
Common stock - $10 par value, 180,000 shares authorized
173,535 shares issued and outstanding |
1,735,350 |
| Surplus |
2,000,000 |
| Undivided profits |
20,547,190 |
| Accumulated other comprehensive income (loss) |
(491,722) |
| |
-------------------- |
| Total stockholders’ equity |
23,790,768 |
| |
------------------------------ |
| Total liabilities and stockholders’ equity |
$181,180,371 |