Consolidated Balance Sheets - USD ($)
|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
| Assets |
|
|
|
| Cash and due from banks |
$ 7,493,524
|
$ 7,101,352
|
$ 9,214,503
|
| Interest-bearing deposits in other financial institutions |
2,308,117
|
2,154,817
|
1,636,194
|
| Federal funds sold |
2,569,767
|
4,024,065
|
102,772
|
| Cash and cash equivalents |
12,371,408
|
13,280,234
|
10,953,469
|
| Investment securities available for sale, at fair value |
98,790,010
|
87,993,145
|
74,313,682
|
| Federal Home Loan Bank stock, at cost |
1,203,100
|
1,327,800
|
1,452,900
|
| Maryland Financial Bank stock |
30,000
|
30,000
|
30,000
|
| Ground rents, at cost |
163,638
|
169,200
|
169,200
|
| Loans, less allowance for credit losses 2015 $3,150,251; 2014 $3,117,870; 2013 $2,972,019; |
259,636,706
|
273,986,237
|
270,684,120
|
| Premises and equipment, at cost, less accumulated depreciation |
3,368,865
|
3,671,295
|
3,696,772
|
| Accrued interest receivable on loans and investment securities |
1,121,405
|
1,274,137
|
1,509,238
|
| Deferred income tax benefits |
2,684,611
|
3,045,235
|
3,604,461
|
| Other real estate owned |
74,400
|
45,175
|
1,170,773
|
| Cash value of life insurance |
9,357,712
|
9,138,658
|
8,914,817
|
| Other assets |
1,778,336
|
668,392
|
694,142
|
| Total assets |
390,580,191
|
394,629,508
|
377,193,574
|
| Deposits: |
|
|
|
| Noninterest-bearing |
93,584,864
|
88,562,924
|
86,747,525
|
| Interest-bearing |
241,606,666
|
250,314,368
|
237,055,831
|
| Total deposits |
335,191,530
|
338,877,292
|
323,803,356
|
| Long-term borrowings |
20,000,000
|
20,000,000
|
20,000,000
|
| Dividends payable |
|
276,096
|
274,737
|
| Accrued interest payable on deposits |
39,855
|
39,823
|
28,523
|
| Other liabilities |
1,172,993
|
1,605,770
|
1,503,797
|
| Total liabilities |
$ 356,404,378
|
$ 360,798,981
|
$ 345,610,413
|
| Commitments and contingencies |
|
|
|
| Stockholders' equity: |
|
|
|
| Common stock, par value $1, authorized 15,000,000 shares; issued and outstanding 2015 2,773,361 shares; 2014 2,760,964; 2013 2,747,370 shares; |
$ 2,773,361
|
$ 2,760,964
|
$ 2,747,370
|
| Surplus |
9,986,064
|
9,854,119
|
9,713,335
|
| Retained earnings |
21,718,122
|
21,112,714
|
20,300,531
|
| Accumulated other comprehensive (loss) income, net of tax |
(301,734)
|
102,730
|
(1,178,075)
|
| Total stockholders' equity |
34,175,813
|
33,830,527
|
31,583,161
|
| Total liabilities and stockholders' equity |
$ 390,580,191
|
$ 394,629,508
|
$ 377,193,574
|