Statement of Condition.

December 31, 2025

‍

Assets

Cash & Due from Banks - $8,408,000.00

‍

Securities

Cash & Held to Maturity Securities - $0.00

Available for Sale Securities - $19,148,000.00

Federal Funds Sold - $4,147,000.00

Loans, Net of Unearned Income - $57,971,000.00

Less: Allowance for Loan Loss -$485,000.00

Net Loans - $57,486,000.00

Premises and Fixed Assets - $1,814,000.00

Intangible Assets - $0.00

Other Assets - $7,174,000.00

‍Total Assets - $98,177,000.00

‍

Liabilities

‍Deposits:

‍Non-Interest Bearing - $11,806,000.00

Interest Bearing - $66,218,000.00

Securities Sold Under Agreement to Repurchase - $0.00

Other Liabilities - $1,516,000.00

‍Total Liabilities - $79,540,000.00

‍

Equity Capital:

‍Common Stock - $1,000,000.00

Surplus - $1,000,000.00

Undivided Profits - $16,575,000.00

Net unrealized gains (losses) on securities - $62,000.00

‍Total Equity Capital - $18,637,000.00

‍

Total Liabilities & Capital

$98,177,000.00

‍

December 31, 2024

‍

Assets

Cash & Due from Banks - $8,887,000.00

‍

Securities

Cash & Held to Maturity Securities - $0.00

Available for Sale Securities - $16,214,000.00

Federal Funds Sold - $3,889,000.00

Loans, Net of Unearned Income - $56,191,000.00

Less: Allowance for Loan Loss - $-503,000.00

Net Loans - $55,688,000.00

Premises and Fixed Assets - $1,499,000.00

Intangible Assets - $0.00

Other Assets - $7,060,000.00

‍Total Assets - $93,237,000.00

‍

Liabilities

‍Deposits:

‍Non-Interest Bearing - $10,860,000.00

Interest Bearing - $62,234,000.00

Securities Sold Under Agreement to Repurchase - $0.00

Other Liabilities - $1,562,000.00

‍Total Liabilities - $74,656,000.00

‍

Equity Capital:

‍Common Stock - $1,000,000.00

Surplus - $1,000,000.00

Undivided Profits - $16,805,000.00

Net unrealized gains (losses) on securities - $-224,000.00

‍Total Equity Capital - $18,581,000.00

‍

Total Liabilities & Capital

$93,237,000.00

‍

Comparative Statement of Earnings

December 31, 2025

‍

Interest and Fee income on Loans

Real Estate Loans- $2,311,000.00

Commercial and Industrial Loans - $187,000.00

Credit Cards - $0.00

Consumer Loans - $92,000.00

Other Loans - $398,000.00

‍

Interest Income: Financial Institutions

U.S. Treasury Securities & U.S. Government Agency Obligations - $1,081,000.00

Municipal Securities - $24,000.00

Interest of Fed Funds sold - $87,000.00

Dividends - $15,000.00

‍Total Interest Income - $4,195,000.00

‍

Interest Expense

‍NOW Accounts - $121,000.00

Saving Accounts including MMDA  - $125,000.00

Time Certificates of $250,000 or more - $75,000.00

All Other Time Deposits - $562,000.00

Repurchase Agreements - $0.00

‍Total Interest Expense - $883,000.00

Net Interest Income - $3,312,000.00

‍

‍Provision for Loan Losses - $0.00

‍

Non-Interest Income

Service Charges of Deposit Accounts - $100,000.00

All Other Non-interest Income - $273,000.00

‍

Non-Interest Expense

Salaries and Employee Benefits - $1,259,000.00

Expense of Premises and Fixed Assets - $218,000.00

Other Non-interest Expense - $1,249,000.00

Total Non-interest Expense - $2,726,000.00

Income Before Income Tax - $959,000.00

Less Income tax - $144,000.00

Net Income - $815,000.00

‍

December 31, 2024

‍

Interest and Fee income on Loans

Real Estate Loans- $2,186,000.00

Commercial and Industrial Loans - $163,000.00

Credit Cards - $0.00

Consumer Loans - $103,000.00

Other Loans - $367,000.00

‍

Interest Income: Financial Institutions

U.S. Treasury Securities & U.S. Government Agency Obligations - $757,000.00

Municipal Securities - $25,000.00

Interest of Fed Funds sold - $423,000.00

Dividends - $16,000.00

‍Total Interest Income - $4,040,000.00

‍

Interest Expense

‍NOW Accounts - $127,000.00

Saving Accounts including MMDA  - $168,000.000

Time Certificates of $250,000 or more - $52,000.00

All Other Time Deposits - $384,000.00

Repurchase Agreements - $0.00

‍Total Interest Expense - $731,000.00

Net Interest Income - 3,309,000.00

‍

‍Provision for Loan Losses - $0.00

‍

Non-Interest Income

Service Charges of Deposit Accounts - $101,000.00

All Other Non-interest Income - $272,000.00

‍

Non-Interest Expense

Salaries and Employee Benefits - $1,166,00.00

Expense of Premises and Fixed Assets - $236,000.00

Other Non-interest Expense - $1,282,000.00

Total Non-interest Expense - $2,684,000.00

Income Before Income Tax - $998,000.00

Less Income tax - $-161,000.00

Net Income - $837,000.00

‍