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Financial Statement

BALANCE SHEETS
December 31, 2012 and 2011
(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