Financial Statement

BALANCE SHEETS December 31, 2011 and 2010 (In thousands of dollars)

ASSETS	12/31/12	12/31/11

Cash and Due From Banks	$ 1,693	$ 1,630
U.S. Government Obligations	3,106	4,457
Municipal Obligations	594	872
Other Investments and Fed Funds Sold	14,853	10,276
Total Securities	18,553	15,605
Gross Loans	42,111	37,731
Less: Reserve for Loan Losses	(648)	(736)
Net Loans	41,463	36,995
Bank Premise and Equipment	1,756	1,841
Other Assets	2,305	2,337
Total Assets	65,770	58,408

LIABILITIES
Demand Deposit Accounts	$ 11,958	$ 8,622
Interest Bearing Deposit Accounts	31,104	27,802
Certificates of Deposit	15,451	15,936
Total Deposits	58,513	52,360
Federal Home Loan Bank Advances	107	133
Other Liabilities	391	122
Total Liabilities	59, 011	52,615

CAPITAL ACCOUNTS
Common Stock	248	248
Surplus	4,292	4,292
Undivided Profits	2,191	1,205
Gain/Loss on Securities	28	48
Total Capital Accounts	6,759	5,793

Total Liabilities and Capital Accounts	$ 65,770	$ 58,408