Statements of Condition ($ in thousands)
|
2009 |
2008 |
2007 |
2006 |
2005 |
Assets |
|
|
|
|
|
Cash and due from banks |
2,384 |
3,564 |
3,467 |
3,619 |
3,462 |
Securities and federal funds sold |
26,325 |
6,698 |
4,673 |
7,725 |
6,022 |
Net loans |
66,576 |
82,079 |
87,387 |
68,142 |
49,106 |
Net bank premises and equipment |
460 |
517 |
556 |
541 |
605 |
Net intangible assets |
1,345 |
1,345 |
1,345 |
902 |
902 |
Other assets |
1,978 |
2,338 |
2,322 |
1,408 |
940 |
Total assets |
99,068 |
96,541 |
99,750 |
82,337 |
61,037 |
|
|
|
|
|
|
Liabilities and Shareholders' Equity |
|
|
|
|
|
Total deposits |
92,952 |
84,136 |
87,078 |
71,243 |
50,156 |
Federal funds purchased and over
night borrowings |
- |
- |
- |
- |
700 |
Other liabilities |
368 |
592 |
940 |
821 |
497 |
Total liabilities |
93,320 |
84,728 |
88,018 |
72,064 |
51,353 |
|
|
|
|
|
|
Shareholders' equity |
5,748 |
11,813 |
11,732 |
10,273 |
9,684 |
Total liabilities and shareholders' equity |
99,068 |
96,541 |
99,750 |
82,337 |
61,037 |
Statements of Operations ($ in thousands)
|
2009 |
2008 |
2007 |
2006 |
2005 |
Interest income |
5,470 |
7,174 |
7,568 |
6,018 |
4,122 |
Interest expense |
2,008 |
2,848 |
3,156 |
2,259 |
1,191 |
Net Interest Income |
3,462 |
4,326 |
4,412 |
3,759 |
2,931 |
Provision for loan loss |
4,748 |
2,907 |
108 |
160 |
150 |
Net Interest Income After Provision
for Loan Loss |
(1,286) |
1,419 |
4,304 |
3,599 |
2,781 |
|
|
|
|
|
|
Non-interest income |
865 |
587 |
729 |
651 |
578 |
|
|
|
|
|
|
Salaries and employee benefits |
3,051 |
2,605 |
2,109 |
1,944 |
1,966 |
Premises and equipment expenses |
326 |
319 |
446 |
401 |
394 |
Other non-interest expenses |
2,301 |
2,005 |
1,496 |
1,354 |
1,141 |
Total other expenses |
5,678 |
4,929 |
4,051 |
3,699 |
3,501 |
|
|
|
|
|
|
Net Income |
(6,099) |
(2,923) |
1,400 |
551 |
(142) |
Annual Report for 2006
Annual Reports for 2003 - 2005
|
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