Statement of Condition ($ in thousands)
|
2007 |
2006 |
2005 |
2004 |
2003 |
Assets |
|
|
|
|
|
Cash and due from banks |
3,467 |
3,619 |
3,462 |
3,269 |
3,884 |
Securities and federal funds sold |
4,673 |
7,725 |
6,022 |
6,620 |
6,058 |
Net loans |
87,387 |
68,142 |
49,106 |
41,233 |
26,189 |
Net bank premises and equipment |
556 |
541 |
605 |
632 |
733 |
Net intangible assets |
1345 |
902 |
902 |
902 |
902 |
Other assets |
2,322 |
1,408 |
940 |
707 |
535 |
Total Assets |
99,750 |
82,337 |
61,037 |
53,363 |
38,301 |
|
|
|
|
|
|
Liabilities and Shareholders' Equity |
|
|
|
|
|
Total deposits |
87,078 |
71,243 |
50,156 |
45,655 |
31,925 |
Federal funds purchased and over
night borrowings |
- |
- |
700 |
- |
- |
Other liabilities |
940 |
821 |
497 |
378 |
284 |
Total Liabilities |
88,018 |
72,064 |
51,353 |
46,033 |
32,209 |
|
|
|
|
|
|
Shareholders' equity |
11,732 |
10,273 |
9,684 |
7,330 |
6,092 |
Total Liabilities and Shareholders' Equity |
99,750 |
82,337 |
61,037 |
53,363 |
38,301 |
Statement of Operations ($ in thousands)
|
2007 |
2006 |
2005 |
2004 |
2003 |
Interest income |
7,568 |
6,018 |
4,122 |
2,916 |
1,830 |
Interest expense |
3,156 |
2,259 |
1,191 |
714 |
485 |
Net Interest Income |
4,412 |
3,759 |
2,931 |
2,202 |
1,345 |
Provision for loan loss |
108 |
160 |
150 |
128 |
110 |
Net Interest Income After Provision
for Loan Loss |
4,304 |
3,599 |
2,781 |
2,074 |
1,235 |
|
|
|
|
|
|
Non-interest income |
729 |
651 |
578 |
470 |
468 |
|
|
|
|
|
|
Salaries and employee benefits |
2,109 |
1,944 |
1,966 |
1,518 |
1,954 |
Premises and equipment expenses |
446 |
401 |
394 |
496 |
389 |
Other non-interest expenses |
1,496 |
1,354 |
1,141 |
1,203 |
1,128 |
Total Other Expenses |
4,051 |
3,699 |
3,501 |
3,217 |
3,471 |
|
|
|
|
|
|
Net Income |
1,400 |
551 |
(142) |
(673) |
(1,768) |
Quarterly and Annual Reports for 2007
Quarterly and Annual Reports for 2006
Annual Reports for 2003 - 2005
|