Statement of Condition

	March 31, 2023	December 31, 2022
Cash & Due From Banks	17,842,817	16,573,418
Federal Funds Sold	22,000,000	10,250,000
Securities available for sale	226,186,129	224,718,707
Securities held to maturity	1,533,432	1,543,000
Corporate Bonds HTM	7,500,000	7,500,000
Loans	647,895,412	639,028,550
Reserve for Bad Debts	(9,431,402)	(9,466,786)
Fixed Assets	21,872,176	21,487,015
Bank-Owned Life Insurance	25,140,592	24,980,407
Accrued Interest Income	4,765,031	4,630,646
Other Assets	43,632,289	43,323,022
Total Assets	$1,008,936,476	$984,567,979
Demand Deposits - Non-Interest Bearing	254,837,606	262,289,121
Interest Bearing Deposits	637,048,069	612,447,848
Total Deposits	891,885,675	874,736,969
Accrued expenses and other liabilities	12,191,242	12,059,131
Trust Preferred securities	10,310,000	10,310,000
Total Liabilities	$914,386,917	$897,106,100
Common Stock	1,109,062	1,109,062
Surplus	23,472,089	23,472,089
Retained Earnings	108,220,629	106,540,997
(Less: Treasury Stock)	(8,720,330)	(8,647,370)
Net Unrealized Gains (Losses) on Available For Sale Securities	(29,531,891)	(35,012,899)
Total Capital	$94,549,559	$87,461,879