Dec. 2020 | Dec. 2021 | |
Cash and Due from Banks | $ 29,858,007 | $ 27,575,053 |
Interest Bearing Deposits with Banks | $ 27,286,525 | $ 50,650,491 |
Federal Funds Sold | $ 15,250,000 | $ 15,250,000 |
Investment Securities- Taxable | $ 96,762,717 | $187,034,924 |
Investment Securities- Tax-Exempt | $ 109,069,532 | $116,126,675 |
Loans (net of unearned income) | $ 896,652,916 | $ 980,992,032 |
Less: Allowance for loan losses | ($12,254,013) | ($14,417,430) |
Premises and Equipment, Net | $ 25,446,185 | $ 30,791,595 |
Accrued Interest Receivable | $ 7,509,243 | $ 7,346,054 |
Other Real Estate Owned | $358,470 | $112,550 |
Other Assets | $ 29,139,597 | $35,743,198 |
TOTAL ASSETS | $1,225,079,179 | $1,437,205,143 |
Dec. 2020 | Dec. 2021 | |
Non-Interest Bearing Deposits | $351,800,706 | $471,058,660 |
Interest Bearing Demand Deposits | $310,808,106 | $394,401,298 |
Savings and Money Market Deposits | $181,758,602 | $203,777,447 |
Time Deposits – Retail | $245,792,460 | $230,646,653 |
Time Deposits – Wholesale | $220,306 | $0 |
TOTAL DEPOSITS | $1,090,380,180 | $1,299,884,058 |
Accrued Expenses and Other Liabilities | $13,236,057 | $9,417,013 |
FHLB Advances | $306,998 | $248,209 |
Other Borrowings | $3,566,906 | $3,790,832 |
TOTAL LIABILITIES | $1,107,490,141 | $1,313,340,112 |
Dec. 2020 | Dec. 2021 | |
Common Stock | $328,478 | $328,478 |
Capital Surplus | $77,211,196 | $77,211,196 |
Retained Earnings | $18,639,560 | $22,931,747 |
Accumulated Other Comprehensive Income (Loss) | $2,665,389 | $206,602 |
Net Income | $18,744,415 | $23,187,009 |
TOTAL EQUITY | $117,589,038 | $123,865,031 |
TOTAL LIABILITIES & EQUITY | $1,225,079,179 | $1,437,205,143 |