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Statement of Condition
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ASSETS:
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March 31, 2010
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March 31, 2009
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Cash and Due From Banks
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$3,721,482.00
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$4,030,552.00
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Investments
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$194,967,660.00
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$135,348,040.00
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FHLB & TIB Stock
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$749,563.00
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$672,186.00
|
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Fed Funds, Sold
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$2,635,000.00
|
|
$8,085,000.00
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Loans
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$111,728,610.00
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$98,645,806.00
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(Less Reserve for Loan Losses)
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$(1,942,259.00)
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$(1,377,980.00)
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|
|
|
|
|
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Premises and F & F
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$3,035,105.00
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$1,596,059.00
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OREO
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|
-
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|
-
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Renewal Commissions
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$4,154,773.00
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|
$4,478,293.00
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|
Cash Surrender BOLI
|
|
$4,369,258.00
|
|
$4,191,836.00
|
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Other Assets
|
|
$3,932,287.00
|
|
$3,773,248.00
|
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TOTAL ASSETS
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|
$327,351,479.00
|
|
$259,443,040.00
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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LIABILITIES:
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Demand Deposits
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$30,832,614.00
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$31,837,752.00
|
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NOW Accounts
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|
$6,234,340.00
|
|
$16,645,113.00
|
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Money Market Accounts
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|
$28,931,968.00
|
|
$19,173,304.00
|
|
Savings Accounts
|
|
$12,915,664.00
|
|
$10,863,568.00
|
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IRA's
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|
$32,301,545.00
|
|
$23,701,401.00
|
|
Public Funds
|
|
$32,300,412.00
|
|
$13,900,000.00
|
|
Certificates of Deposit
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|
$144,945,522.00
|
|
$110,378,422.00
|
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Total Deposits
|
|
$288,462,065.00
|
|
$226,499,559.00
|
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|
|
|
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Borrowed Money
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$6,369,349.00
|
|
$7,352,268.00
|
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Other Liabilities
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|
$3,466,052.00
|
|
$3,389,264.00
|
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TOTAL LIABILITIES
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|
$298,297,467.00
|
|
$237,241,092.00
|
|
|
|
|
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CAPITAL:
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|
|
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Capital Stock
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$1,600,000.00
|
|
$1,600,000.00
|
|
Certified Surplus
|
|
-
|
|
-
|
|
Additional Paid in Capital
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$6,700,000.00
|
|
$6,700,000.00
|
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Retained Earnings
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$17,889,329.00
|
|
$14,190,128.00
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Dividends Paid
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|
-
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|
-
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Current Earnings
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$1,698,926.00
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$1,262,049.00
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Capital Sub-Total
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$27,888,255.00
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|
$23,752,177.00
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|
|
|
|
|
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Mark to Market
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$1,165,757.00
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$(1,550,228.00)
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TOTAL CAPITAL
|
|
$29,054,012.00
|
|
$22,201,949.00
|
|
|
|
|
|
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TOTAL LIABILITIES & CAPITAL
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|
$327,351,479.00
|
|
$259,443,040.00
|
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