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Consolidated Balance Sheet

 March 31, 2010March 31, 2009
Assets  
Cash and due from banks$13,134,759$9,263,407
Investment securities29,867,20213,118,344
Loans179,477,999183,770,532
Allowance for loan losses(2,795,945)(2,343,486)
Premises and equipment2,943,3843,097,913
Other assets4,365,4701,384,968
TOTAL ASSETS$226,992,869$208,291,678
   
Liabilities  
Total Deposits$200,051,434$180,906,878

Repurchase agreements

2,521,4441,904,725
FHLB Short-term Advances00

FHLB Long-term Advances

4,318,0004,350,000
Other liabilities182,916

1,133,599

Total Liabilities$207,073,794$188,295,202
   
Capital  
Common stock

$8,998,646

$8,537,980
Treasury stock(82,703)(94,599)
FAS 115 unrealized gain196,494182,962
Retained earnings10,806,63811,370,133
Total Capital$19,919,075$19,996,476
   
TOTAL LIABILITIES AND CAPITAL$226,992,869$208,291,678
   
Number of Shares Outstanding95,84893,481
   
BOOK VALUE PER SHARE$207.82$213.91
   

Consolidated Statement of Income

 2010 *2009 *
Total Interest Income$2,846,672$2,918,459
Total Interest Expense757,2661,016,840
Net Interest Income$2,089,406$1,901,619
Provision for loan losses(141)134,709
Net Interest Income after Provision$2,089,547$1,766,910
   
Total Other Income288,872500,736
Total Other Expenses1,785,1581,719,056
Total Tax Expense209,800186,050
NET INCOME (LOSS) AFTER TAXES$383,461$362,540
   
EARNINGS PER SHARE$4.05$3.88
   
Weighted average shares outstanding94,68093,481
   

* For the three-month ended March 31.

                                                                                    (Unaudited)

 
 
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