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logo finacial reportsAbout Us | Financials: Annual Reports

Statements of Financial Condition ($ in thousands)

Assets 2017 2016 2015 2014
Cash and due from banks $6,934 $12,250 $4,780 $7,571
Securities and federal funds sold 7,342 6,264 6,858 6,736
Net loans 71,967 80,220 64,300 48,110
Net bank premises and equipment 4,989 207 222 207
Net intangible assets - ---
Other assets 4,250 1,121 985 812
Total assets $95,482 $100,062 $77,145 $63,436
Liabilities and Shareholders' Equity
Total deposits $84,752 $90,121 $68,788 $56,326
Federal funds purchased and over night borrowings - ---
Other liabilities 875 720 448 317
Total liabilities 85,627 90,841 69,236 56,643
Shareholders' equity 9,855 9,221 7,909 6,793
Total liabilities and shareholders' equity $95,482 $100,062 $77,145 $63,436

Statements of Operations ($ in thousands)

2017 2016 2015 2014
Interest income $4,652 $4,299 $3,257 $2,744
Interest expense 551 473 283 208
Net Interest Income 4,101 3,826 2,974 2,536
Provision for loan loss - ---
Net Interest Income After Provision for Loan Loss 4,101 3,826 2,974 2,536
Non-interest income 1,079 674 907 1,007
Salaries and employee benefits 2,800 2,383 2,221 1,982
Premises and equipment expenses 397 353 361 328
Other non-interest expenses 1,362 1,927 1,262 1,296
Total other expenses 4,559 4,033 3,844 3,606
Adjusted Net Income 621 467 37 (63)
Income Tax Expense/(Benefit) (72) (161) - -
Goodwill Impairment - --1,345
Net Income/(Loss) $693 $628 $37 $(63)
Annual Reports
2017 annual report
2016 annual report
2015 annual report
2014 annual report