Statement of Condition

	June 30, 2023	December 31, 2022
Cash & Due From Banks	56,386,038	16,573,418
Federal Funds Sold	38,500,000	10,250,000
Securities available for sale	227,372,470	224,718,707
Securities held to maturity	1,523,249	1,543,000
Corporate Bonds HTM	7,500,000	7,500,000
Loans	655,115,660	639,028,550
Reserve for Bad Debts	(9,360,075)	(9,466,786)
Fixed Assets	22,428,265	21,487,015
Bank-Owned Life Insurance	25,302,783	24,980,407
Accrued Interest Income	5,484,909	4,630,646
Other Assets	42,913,422	43,323,022
Total Assets	$1,073,166,721	$984,567,979
Demand Deposits - Non-Interest Bearing	244,886,425	262,289,121
Interest Bearing Deposits	691,261,462	612,447,848
Total Deposits	936,147,887	874,736,969
Accrued expenses and other liabilities	13,897,269	12,059,131
Federal Funds Purchased	20,000,000	-
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$980,355,156	$897,106,100
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	110,517,206	106,540,997
(Less: Treasury Stock)	(8,840,330)	(8,647,370)
Net Unrealized Gains (Losses) on Available For Sale Securities	(33,446,462)	(35,012,899)
Total Capital	$92,811,565	$87,461,879