STATEMENT OF CONDITION

December 31, 2013

Cash and Due From Banks

$

10,902,940

Investment Securities/CD's/Bank Stock

 

40,522,555

 

 

 

Loans and Leases, Held for Sale

 

-

Loans and Leases, Net of Unearned Income

 

98,321,908

Less: Allowance for Loan Losses

 

(4,232,055)

Loans and Leases, Net of Unearned Income and Allowance

 

94,089,853

Premises and Fixed Assets

 

2,920,548

Other Real Estate Owned

12,235,889

Other Assets

601,335

       TOTAL ASSETS

$

163,273,121

Deposits: Non-Interest Bearing

$

23,930,228

Deposits: Interest Bearing

 

73,698,819

 

 

 

Securities Sold Under Agreements to Repurchase

 

3,147,092

Other Borrowed Money

 

48,000,000

Other Liabilities

 

531,968

 

       Total Liabilities

 

149,308,107

 

Common Stock

 

3,260,000

Surplus

 

12,798,595

Retained Earnings

 

(2,093,581)

       Total Equity Capital

 

13,965,014

       TOTAL LIABILITIES AND EQUITY CAPITAL

$

163,273,121