Financials

Consolidated Balance Sheet

  December 31, 2012 December 31, 2011
Assets    
Cash and Due from Banks $7,445,802 $16,174,586
Investment Securities 30,897,260 29,910,494
Loans 182,684,951 161,618,329
Allowance for Loan Losses (2,552,811) (2,470,389)
Premises and Equipment 4,341,970 2,753,830
Other Assets 1,934,674 2,310,226
TOTAL ASSETS $224,751,846 $210,297,076
     
Liabilities    
Total Deposits $192,429,737 $181,180,857
Repurchase Agreements 1,659,336 1,728,958
FHLBank Long-term Advances 4,000,000 4,000,000
Other Liabilities 2,879,415 1,198,605
Total Liabilities $200,968,488 $188,108,420
     
Capital    
Common stock $9,566,817 $9,476,088
Unrealized Gain on AFS Securities 583,688 521,953
Retained Earnings 13,632,853 12,190,615
Total Capital 23,783,358 22,188,656
TOTAL LIABILITIES AND CAPITAL $224,751,846 $210,297,076
Number of Shares Outstanding 99,313 98,848
BOOK VALUE PER SHARE $239.48 $224.47

Consolidated Statement of Income

  December 31, 2012 December 31, 2011
Total Interest Income $9,288,089 $9,689,349
Total Interest Expense 1,101,864 1,492,981
Net Interest Income 8,186,225 8,196,368
Provision for Loan Losses 1,347,139 884,542
Net Interest Income after Provision 6,389,086 7,311,826
     
Total Other Income 2,271,447 1,668,488
Total Other Expense 6,952,032 6,878,247
Total Tax Expense 616,950 686,350
NET iNCOME AFTER TAXES 1,541,551 1,415,717
     
EARNINGS PER SHARE $15.54 $14.45
     
Weighted average shares outstanding 99,219 97,992

 

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