Statement of Condition

	December 31, 2024	December 31, 2023
Cash & Due From Banks	20,420,785	15,923,881
Federal Funds Sold	27,000,000	31,500,000
Securities available for sale	208,867,353	238,835,649
Securities held to maturity	1,441,651	1,502,399
Corporate Bonds HTM	7,500,000	7,500,000
Loans	808,454,684	732,959,895
Reserve for Bad Debts	(10,439,997)	(8,871,955)
Fixed Assets	21,604,184	21,399,738
Bank-Owned Life Insurance	26,584,501	25,634,408
Accrued Interest Income	8,130,937	5,996,285
Other Assets	20,344,003	38,219,586
Total Assets	$1,139,908,101	$1,110,599,886
Demand Deposits - Non-Interest Bearing	237,205,299	232,332,579
Interest Bearing Deposits	773,348,273	701,227,711
Total Deposits	1,010,553,572	933,560,290
Accrued expenses and other liabilities	13,887,997	15,241,769
Federal Funds Purchased	-	50,000,000
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$1,034,751,569	$1,009,112,059
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	121,406,975	114,152,950
(Less: Treasury Stock)	(9,222,330)	(8,972,330)
Net Unrealized Gains (Losses) on Available For Sale Securities	(31,609,264)	(28,273,944)
Total Capital	$105,156,532	$101,487,827