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logo finacial reportsAbout Us | Financials: Annual Reports

Statements of Financial Condition ($ in thousands)

Assets 2016 201520142013
Cash and due from banks $12,250 $4,780 $7,571$4,634
Securities and federal funds sold 6,264 6,8586,7363,677
Net loans 80,220 64,30048,11048,834
Net bank premises and equipment 207 222207248
Net intangible assets - ---
Other assets 1,121 9858121,067
Total assets $100,062 $77,145$63,436$58,460
Liabilities and Shareholders' Equity
Total deposits $90,121 $68,788$56,326$52,855
Federal funds purchased and over night borrowings - ---
Other liabilities 720 448317311
Total liabilities 90,841 69,23656,64353,166
Shareholders' equity 9,221 7,9096,7935,294
Total liabilities and shareholders' equity $100,062 $77,145$63,436$58,460

Statements of Operations ($ in thousands)

2016 201520142013
Interest income $4,299 $3,257$2,744$2,565
Interest expense 473 283208203
Net Interest Income 3,826 2,9742,5362,362
Provision for loan loss - ---
Net Interest Income After Provision for Loan Loss 3,826 2,9742,5362,362
Non-interest income 674 9071,007644
Salaries and employee benefits 2,383 2,2211,9821,967
Premises and equipment expenses 353 361328323
Other non-interest expenses 1,297 1,2621,2961,553
Total other expenses 4,033 3,8443,6063,843
Adjusted Net Income 467 37(63)(837)
Income Tax Expense/(Benefit) (161) - - -
Goodwill Impairment - --1,345
Net Income/(Loss) $628 $37$(63)$(2,182)
Annual Reports
2016 annual report
2015 annual report
2014 annual report
2013 annual report