STATEMENT OF CONDITION

December 31, 2012

Cash and Due From Banks

$

6,492,177

Investment Securities/CD's/Bank Stock

40,840,647

Federal Funds Sold

-

Loans and Leases, Held for Sale

228,000

Loans and Leases, Net of Unearned Income

109,905,796

Less: Allowance for Loan Losses

(4,383,155)

Loans and Leases, Net of Unearned Income and Allowance

105,750,642

Premises and Fixed Assets

3,008,503

Other Real Estate Owned

13,024,162

Other Assets

527,609

       TOTAL ASSETS

$

169,643,740

Deposits: Non-Interest Bearing

$

27,933,555

Deposits: Interest Bearing

77,704,681

Securities Sold Under Agreements to Repurchase

602,370

Other Borrowed Money

48,000,000

Other Liabilities

 530,054

       Total Liabilities

154,770,659

Common Stock

3,260,000

Surplus

12,798,595

Retained Earnings

(1,185,514)

       Total Equity Capital

14,873,081

       TOTAL LIABILITIES AND EQUITY CAPITAL

$

169,643,740