Consolidated Balance Sheets - USD ($)
|
Dec. 31, 2016 |
Dec. 31, 2015 |
| Cash and Cash Equivalents |
|
|
| Cash and Due from Banks |
$ 28,822,104
|
$ 22,256,646
|
| Interest-Bearing Deposits |
46,344,859
|
38,615,299
|
| Investment Securities |
|
|
| Available for Sale, at Fair Value |
323,657,870
|
296,149,299
|
| Federal Home Loan Bank Stock, at Cost |
3,010,000
|
2,730,500
|
| Loans |
754,283,563
|
758,635,595
|
| Allowance for Loan Losses |
(8,923,293)
|
(8,603,905)
|
| Unearned Interest and Fees |
(361,042)
|
(356,798)
|
|
744,999,228
|
749,674,892
|
| Premises and Equipment, Net |
27,969,260
|
26,453,530
|
| Other Real Estate (Net of Allowance of $1,878,127 and $1,582,101 in 2016 and 2015, Respectively) |
6,439,226
|
8,839,103
|
| Other Intangible Assets |
80,515
|
116,264
|
| Other Assets |
29,118,555
|
29,313,894
|
| Total Assets |
1,210,441,617
|
1,174,149,427
|
| Deposits |
|
|
| Noninterest-Bearing |
159,058,633
|
133,886,271
|
| Interest-Bearing |
885,297,895
|
877,667,965
|
|
1,044,356,528
|
1,011,554,236
|
| Borrowed Money |
|
|
| Subordinated Debt |
24,229,000
|
24,229,000
|
| Other Borrowed Money |
46,000,000
|
40,000,000
|
|
70,229,000
|
64,229,000
|
| Other Liabilities |
2,468,356
|
2,909,569
|
| Commitments and Contingencies |
|
|
| Stockholders’ Equity |
|
|
| Preferred Stock, Stated Value $1,000; 10,000,000 Shares Authorized, 9,360 and 18,021 Shares Issued and Outstanding as of December 31, 2016 and 2015 |
9,360,000
|
18,021,000
|
| Common Stock, Par Value $1; 20,000,000 Shares Authorized, 8,439,258 Shares Issued and Outstanding as of December 31, 2016 and 2015 |
8,439,258
|
8,439,258
|
| Paid-In Capital |
29,145,094
|
29,145,094
|
| Retained Earnings |
51,465,521
|
44,285,621
|
| Accumulated Other Comprehensive Loss, Net of Tax |
(5,022,140)
|
(4,434,351)
|
|
93,387,733
|
95,456,622
|
| Total Liabilities and Stockholders’ Equity |
$ 1,210,441,617
|
$ 1,174,149,427
|