|
 |
Statement of Condition
| ASSETS: |
|
December 31, 2009 |
|
December 31, 2008 |
| Cash and Due From Banks |
|
$5,561,787.00 |
|
$6,452,527.00 |
| Investments |
|
$186,063,005.00 |
|
$126,805,167.00 |
| FHLB & TIB Stock |
|
$673,486.00 |
|
$665,440.00 |
| Fed Funds, Sold |
|
$1,330,000.00 |
|
$1,415,000.00 |
| Loans |
|
$110,753,211.00 |
|
$99,676,887.00 |
| (Less Reserve for Loan Losses) |
|
$(1,755,480.00) |
|
$(1,211,261.00) |
|
|
|
|
|
| Premises and F & F |
|
$2,596,277.00 |
|
$1,604,709.00 |
| OREO |
|
- |
|
- |
| Renewal Commissions |
|
$4,072,257.00 |
|
$4,613,866.00 |
| Cash Surrender BOLI |
|
$4,330,702.00 |
|
$4,153,643.00 |
| Other Assets |
|
$4,309,276.00 |
|
$3,754,889.00 |
| TOTAL ASSETS |
|
$317,934,522.00 |
|
$247,930,867.00 |
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
| LIABILITIES: |
| Demand Deposits |
|
$32,334,611.00 |
|
$26,494,368.00 |
| NOW Accounts |
|
$5,806,278.00 |
|
$24,803,256.00 |
| Money Market Accounts |
|
$24,228,829.00 |
|
$15,449,195.00 |
| Savings Accounts |
|
$12,005,510.00 |
|
$11,192,862.00 |
| IRA's |
|
$30,007,624.00 |
|
$22,051,153.00 |
| Public Funds |
|
$39,674,609.00 |
|
$13,900,000.00 |
| Certificates of Deposit |
|
$137,018,849.00 |
|
$98,330,894.00 |
| Total Deposits |
|
$281,076,311.00 |
|
$212,221,729.00 |
|
|
|
|
|
| Borrowed Money |
|
$6,388,541.00 |
|
$11,206,105.00 |
| Other Liabilities |
|
$3,131,765.00 |
|
$3,235,318.00 |
| TOTAL LIABILITIES |
|
$290,596,616.00 |
|
$226,663,152.00 |
|
|
|
|
|
| CAPITAL: |
|
|
|
|
| Capital Stock |
|
$1,600,000.00 |
|
$1,600,000.00 |
| Certified Surplus |
|
- |
|
- |
| Additional Paid in Capital |
|
$6,700,000.00 |
|
$6,700,000.00 |
| Retained Earnings |
|
$14,190,128.00 |
|
$12,199,766.00 |
| Dividends Paid |
|
$(900,000.00) |
|
$(1,070,000.00) |
| Current Earnings |
|
$4,599,200.00 |
|
$3,060,362.00 |
| Capital Sub-Total |
|
$26,189,329.00 |
|
$22,490,128.00 |
|
|
|
|
|
| Mark to Market |
|
$1,148,577.00 |
|
$(1,222,414.00) |
| TOTAL CAPITAL |
|
$27,337,905.00 |
|
$21,267,715.00 |
|
|
|
|
|
| TOTAL LIABILITIES & CAPITAL |
|
$317,934,522.00 |
|
$247,930,867.00 |
|
|
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