2007 Financial Statement
The 2007 Balance Sheet: Statement of Condition | Statement of Earnings
A History of Solid Performance: Growth trends charted over 15 years
Assets | Deposits | Loans | Equity Capital
| Cash & Due from Banks | $16,796,384 |
| Bonds | 11,029,700 |
| Stocks | 1,525,950 |
| Mortgage Loans | 220,858,973 |
| Other Loans | 39,448,153 |
| Allowance for Loan Losses | (2,715,000) |
| Bank Premises and Fixed Assets | 3,198,995 |
| Other Assets | 11,658,291 |
| TOTAL ASSETS |
$301,801,446 |
| Deposits | $ 211,116,460 |
| Other Liabilities | 10,935,946 |
| TOTAL LIABILITIES |
$232,052,406 |
| Surplus and Reserves |
69,749,040
|
| TOTAL LIABILITIES AND EQUITY CAPITAL |
$301,801,446 |
Please Note: Letters of Credit outstanding not included in above figures:$330,790
| Interest and fee income on loans | $19,617,698 |
| Interest and dividend income on investments | 1,347,403 |
| Non-interest income | 2,264,686 |
| Total interest and other income | $23,229,787 |
| Less interest paid on deposits | 5,413,115 |
| Less other non-interest expense | 12,660,229 |
| Earnings after interest and other expenses | $5,156,443 |
| Less income taxes | 1,792,100 |
| Net income for period |
$3,364,343 |
A History of Solid Performance: Growth trends charted over 15 years
Assets | Deposits | Loans | Equity Capital
Assets | Deposits | Loans | Equity Capital
Assets | Deposits | Loans | Equity Capital
Assets | Deposits | Loans | Equity Capital
Assets | Deposits | Loans | Equity Capital
