December 31 | 2023 | 2022 |
---|
Cash and Due From Banks | $70,739,749 | $74,693,896 |
Securities | $700,723,695
|
$770,485,159 |
Federal Funds Sold | - | - |
Loans and Leases, net of Unearned Income | $1,356,795,931 | $1,233,779,244
|
Less: Allowance for loan and lease losses | $18,738,873 | $17,779,419
|
Net Loans and Leases |
$1,338,057,059 |
$1,215,999,825
|
Bank premises and fixed assets |
$28,205,529 |
$29,312,291
|
Other assets |
$57,720,236
|
$55,975,960
|
Total Assets |
$2,195,446,269
|
$2,146,467,131
|
LIABILITIES AND SHAREHOLDERS’ EQUITY
December 31 | 2023 | 2022 |
---|
Noninterest-bearing deposits |
$568,114,913
|
$612,259,495
|
Interest bearing deposits |
$1,249,936,129
|
$1,221,987,358 |
Total Deposits |
$1,818,051,042
|
$1,834,246,853 |
Federal funds purchased |
-
| $16,300,000 |
Other Liabilities |
$200,174,933
|
$139,140,648 |
Total Liabilities |
$2,018,225,975
|
$1,989,687,500
|
December 31 | 2023 | 2022 |
---|
Common Stock |
$1,500,000
|
$1,500,000
|
Surplus |
$93,610,500
|
$93,610,500
|
Undivided Profits |
$164,622,429 |
$152,421,307 |
Net unrealized holding gains (losses) on AFS Securities | ($82,512,636) |
($90,752,177) |
Total Shareholders' Equity |
$177,220,293 |
$156,779,631
|
Total Liabilities and Shareholders' Equity |
$2,195,446,269
|
$2,146,467,131
|