Financial Statement

Statement of Condition as of December 31, 2015

Assets   Liabilities  
       
Cash and noninterest-bearing due from banks 585,725. Deposits:  
Interest-bearing due from other financial institutions 1,182,317.

Noninterest-bearing

793,326.
Federal funds sold 7,219,726. Interest-bearing 145,127,682
Cash and Cash Equivalents 8,987,768. Total deposits 145,921,008
Investment certificates of deposit 11,471,000.    
Investment securities available for sale 6,255,940. Advances from borrowers for insurance and taxes 394,006.
Investment securities held to maturity 36,255,890. Due to banks 289,257.
Federal Home Loan Bank stock, at cost 159,400. Other liabilities 323,908.
Loans, less allowance for loan losses of $820,000. 101,031,361.  Total liabilities  146,928,179.
Ground rents owned at cost 257,174.  Equity:  
Premises and equipment 1,010,960.  Retained earnings  23,643,151
Foreclosed real estate 2,343,116.  Accumulated other comprehensive loss:  
Accrued interest receivable 573,174.  Unrealized loss on investment securities available for sale, net of tax  (137,515.)
Income tax refund due   667,821.  Unrecognized net actuarial loss, net of tax  (329,205.)
Deferred income taxes 513,292.  Total Equity  23,176,431.
Other assets 577,714.    
       
TOTAL ASSETS $170,104,610. TOTAL LIABILITIES AND EQUITY $170,104,610.