Statement of Condition

	June 30, 2024	December 31, 2023
Cash & Due From Banks	22,034,958	15,923,881
Federal Funds Sold	30,500,000	31,500,000
Securities available for sale	201,074,188	238,835,649
Securities held to maturity	1,462,907	1,502,399
Corporate Bonds HTM	7,500,000	7,500,000
Loans	768,329,880	732,959,895
Reserve for Bad Debts	(9,507,340)	(8,871,955)
Fixed Assets	21,398,575	21,399,738
Bank-Owned Life Insurance	26,205,958	25,634,408
Accrued Interest Income	7,818,320	5,996,285
Other Assets	20,109,030	38,219,586
Total Assets	$1,096,926,476	$1,110,599,886
Demand Deposits - Non-Interest Bearing	235,309,841	232,332,579
Interest Bearing Deposits	732,891,947	701,227,711
Total Deposits	968,201,788	933,560,290
Accrued expenses and other liabilities	14,431,218	15,241,769
Federal Funds Purchased	-	50,000,000
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$992,943,006	$1,009,112,059
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	118,432,623	114,152,950
(Less: Treasury Stock)	(9,222,330)	(8,972,330)
Net Unrealized Gains (Losses) on Available For Sale Securities	(29,807,974)	(28,273,944)
Total Capital	$103,983,470	$101,487,827