|
CONSOLIDATED BALANCE SHEETS (USD $)
|
Dec. 31, 2014
|
Dec. 31, 2013
|
| Cash and Cash Equivalents |
|
|
| Cash and Due from Banks |
$ 24,472,870 |
$ 25,691,605 |
| Federal Funds Sold |
20,132,062 |
20,495,060 |
| Cash and Cash Equivalents |
44,604,932 |
46,186,665 |
| Interest-Bearing Deposits |
21,206,039 |
21,960,291 |
| Investment Securities |
|
|
| Available for Sale, at Fair Value |
274,594,586 |
263,257,890 |
| Held to Maturity, at Cost (Fair Value of $29,923 and $37,309 as of December 31, 2014 and 2013, Respectively) |
29,796 |
37,062 |
| Investment Securities |
274,624,382 |
263,294,952 |
| Federal Home Loan Bank Stock, at Cost |
2,830,800 |
3,163,900 |
| Loans |
746,093,809 |
751,218,462 |
| Allowance for Loan Losses |
(8,802,316) |
(11,805,986) |
| Unearned Interest and Fees |
(361,374) |
(360,522) |
| Loans, net |
736,930,119 |
739,051,954 |
| Premises and Equipment |
24,960,445 |
24,876,469 |
| Other Real Estate (Net of Allowance of $3,319,644 and $3,985,920 in 2014 and 2013, Respectively) |
10,401,832 |
15,502,462 |
| Other Intangible Assets |
152,012 |
187,761 |
| Other Assets |
31,187,420 |
34,326,432 |
| Total Assets |
1,146,897,981 |
1,148,550,886 |
| Deposits |
|
|
| Noninterest-Bearing |
128,339,763 |
115,260,701 |
| Interest-Bearing |
850,963,711 |
872,268,779 |
| Deposits |
979,303,474 |
987,529,480 |
| Borrowed Money |
|
|
| Subordinated Debentures |
24,229,000 |
24,229,000 |
| Other Borrowed Money |
40,000,000 |
40,000,000 |
| Borrowed Money |
64,229,000 |
64,229,000 |
| Other Liabilities |
4,338,195 |
6,838,167 |
| Commitments and Contingencies |
|
|
| Stockholders' Equity |
|
|
| Preferred Stock, Stated Value $1,000; Authorized 10,000,000 Shares, Issued 28,000 Shares |
28,000,000 |
28,000,000 |
| Common Stock, Par Value $1; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of December 31, 2014 and 2013 |
8,439,258 |
8,439,258 |
| Paid-In Capital |
29,145,094 |
29,145,094 |
| Retained Earnings |
38,287,934 |
33,444,913 |
| Accumulated Other Comprehensive Loss, Net of Tax |
(4,844,974) |
(9,075,026) |
| Stockholders' Equity |
99,027,312 |
89,954,239 |
| Total Liabilities and Stockholders' Equity |
$ 1,146,897,981 |
$ 1,148,550,886 |