Statement of Condition

	September 30, 2024	December 31, 2023
Cash & Due From Banks	22,804,833	15,923,881
Federal Funds Sold	48,500,000	31,500,000
Securities available for sale	211,936,955	238,835,649
Securities held to maturity	1,452,185	1,502,399
Corporate Bonds HTM	7,500,000	7,500,000
Loans	760,753,046	732,959,895
Reserve for Bad Debts	(9,718,143)	(8,871,955)
Fixed Assets	21,085,910	21,399,738
Bank-Owned Life Insurance	26,394,927	25,634,408
Accrued Interest Income	7,665,904	5,996,285
Other Assets	20,431,324	38,219,586
Total Assets	$1,118,806,941	$1,110,599,886
Demand Deposits - Non-Interest Bearing	240,907,844	232,332,579
Interest Bearing Deposits	738,816,745	701,227,711
Total Deposits	979,724,589	933,560,290
Accrued expenses and other liabilities	15,177,322	15,241,769
Federal Funds Purchased	-	50,000,000
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$1,005,211,911	$1,009,112,059
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	120,538,223	114,152,950
(Less: Treasury Stock)	(9,222,330)	(8,972,330)
Net Unrealized Gains (Losses) on Available For Sale Securities	(22,302,014)	(28,273,944)
Total Capital	$113,595,030	$101,487,827