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logo finacial reportsAbout Us | Financials: Annual Reports

Statements of Financial Condition ($ in thousands)

Assets 2018 2017 2016 2015 2014
Cash and due from banks $3,635 $6,934 $12,250 $4,780 $7,571
Securities and federal funds sold 5,728 7,342 6,264 6,858 6,736
Net loans 92,140 71,967 80,220 64,300 48,110
Net bank premises and equipment 5,145 4,989 207 222 207
Net intangible assets - - ---
Other assets 6,665 4,250 1,121 985 812
Total assets $113,313 $95,482 $100,062 $77,145 $63,436
Liabilities and Shareholders' Equity
Total deposits $89,026 $84,752 $90,121 $68,788 $56,326
Federal funds purchased and over night borrowings 10,600 - ---
Other liabilities 1,218 875 720 448 317
Total liabilities 100,844 85,627 90,841 69,236 56,643
Shareholders' equity 12,469 9,855 9,221 7,909 6,793
Total liabilities and shareholders' equity $113,313 $95,482 $100,062 $77,145 $63,436

Statements of Operations ($ in thousands)

2018 2017 2016 2015 2014
Interest income $5,281 $4,652 $4,299 $3,257 $2,744
Interest expense 917 551 473 283 208
Net Interest Income 4,364 4,101 3,826 2,974 2,536
Provision for loan loss - - ---
Net Interest Income After Provision for Loan Loss 4,364 4,101 3,826 2,974 2,536
Non-interest income 1,157 1,079 674 907 1,007
Salaries and employee benefits 2,899 2,800 2,383 2,221 1,982
Premises and equipment expenses 695 397 353 361 328
Other non-interest expenses 1,479 1,362 1,927 1,262 1,296
Total other expenses 5,073 4,559 4,033 3,844 3,606
Adjusted Net Income 448 621 467 37 (63)
Income Tax Expense/(Benefit) (1,977) (72) (161) - -
Goodwill Impairment - - --1,345
Net Income/(Loss) 2425 $693 $628 $37 $(63)
Annual Reports
2017 annual report
2017 annual report
2016 annual report
2015 annual report
2014 annual report