STATEMENT OF CONDITION

March 31, 2014

Cash and Due From Banks

$

5,295,228

Investment Securities/CD's/Bank Stock

 

38,686,781

 

 

43,982,009 

     

Loans and Leases, Held for Sale

 

-

Loans and Leases, Net of Unearned Income

 

102,514,413

Less: Allowance for Loan Losses

 

(4,800,140)

Loans and Leases, Net of Unearned Income and Allowance

 

97,714,272

Premises and Fixed Assets

 

2,900,976

Other Real Estate Owned

14,444,940

Other Assets

525,420

       TOTAL ASSETS

$

159,567,617

Deposits: Non-Interest Bearing

$

23,066,844

Deposits: Interest Bearing

 

75,206,747

 

 

 

Securities Sold Under Agreements to Repurchase

 

2,368,422

Other Borrowed Money

 

43,950,000

Other Liabilities

 

810,259

 

       Total Liabilities

 

145,402,272

 

Common Stock

 

3,260,000

Surplus

 

12,798,595

Retained Earnings

 

(1,893,250)

       Total Equity Capital

 

14,165,345

       TOTAL LIABILITIES AND EQUITY CAPITAL

$

159,567,617