About Us

Statement of Condition

December 31, 2013 and 2012

Assets

2013 2012
Cash and cash equivalents $89,200,000 $71,325,000
Investment securities $92,374,000 $65,658,0000
Loans $443,990,000 $489,859,000
Reserve for loan losses ($5,665,000) ($6,463,000)
NET LOANS $438,325,000 $483,396,000
Premises and equipment $12,433,000 $10,958,000
Accrued interest receivable $1,827,000 $1,877,000
Other assets $11,703,000 $13,096,000
TOTAL ASSETS $645,862,000 $646,310,000

Liabilities and Equity

Deposits 2013 2012
Noninterest-bearing $78,662,000 $76,616,000
Interest-bearing $467,861,000 $482,218,000
TOTAL DEPOSITS $546,523,000 $558,834,000
Securities sold under agreements to repurchase $34,029,000 $18,044,000
FHLB advances - $5,000,000
Accrued interest payable $493,000 $690,000
Other liabilities $1,942,000 $1,590,000
TOTAL LIABILITIES $582,987,000 $584,158,000
Shareholders' equity $62,875,000 $62,152,000
TOTAL LIABILITIES AND EQUITY $645,862,000 $646,310,000

* unaudited.