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Statement of Condition
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ASSETS:
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July 31, 2011
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July 31, 2010
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Cash and Due From Banks
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$4,221,895.00
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$3,628.020.00
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Investments
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$268,914,444.00
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$209,403,803.00
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FHLB & TIB Stock
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$840,282.00
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$1,000,463.00
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Fed Funds, Sold
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$6,775,000.00
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$7,410,000.00
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Loans
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$112,414,722.00
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$111,382,881.00
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(Less Reserve for Loan Losses)
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$(2,379,790.00)
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$(2,023,384.00)
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|
|
|
|
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Premises and F & F
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$6,008,609.00
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$3,926,209.00
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OREO
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344,622.00
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450.00
|
|
Renewal Commissions
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$2,708,572.00
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$3,971,065.00
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Cash Surrender BOLI
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$5,577,696.00
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|
$5,704,660.00
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Other Assets
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$5,414,733.00
|
|
$4,487,445.00
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TOTAL ASSETS
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$410,840,786.00
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$348,891,612.00
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LIABILITIES:
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Demand Deposits
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$42,174,915.00
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$39,862,070.00
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NOW Accounts
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$8,232,631.00
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|
$6,842,855.00
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Money Market Accounts
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|
$36,183,572.00
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|
$22,108,489.00
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Savings Accounts
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|
$20,458,291.00
|
|
$13,739,132.00
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IRA's
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$47,587,869.00
|
|
$35,048,908.00
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Public Funds
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|
$32,848,769.00
|
|
$31,279,487.00
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Certificates of Deposit
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|
$183,313,547.00
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|
$159,293,536.00
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Total Deposits
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|
$370,799,595.00
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|
$308,174,476.00
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|
|
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Borrowed Money
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$217,744.00
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|
$5,461,961.00
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Other Liabilities
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|
$3,424,835.00
|
|
$3,679,739.00
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TOTAL LIABILITIES
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$374,442,173.00
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$317,316,177.00
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|
|
|
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CAPITAL:
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|
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Capital Stock
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$1,600,000.00
|
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$1,600,000.00
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Certified Surplus
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|
-
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|
-
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Additional Paid in Capital
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$10,260,507.00
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$6,700,000.00
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Retained Earnings
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$18,361,422.00
|
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$17,889,329.00
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Dividends Paid
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$(1,200,000.00)
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$(1,025,000.00)
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Current Earnings
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$4,577,143.00
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$3,779,211.00
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Capital Sub-Total
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$33,599,071.00
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$28,943,539.00
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|
|
|
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Mark to Market
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$2,799,542.00
|
|
$2,631,896.00
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TOTAL CAPITAL
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|
$36,398,613.00
|
|
$31,575,435.00
|
|
|
|
|
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TOTAL LIABILITIES & CAPITAL
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$410,840,786.00
|
|
$348,891,612.00
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