Financial Highlights

As of December 31 2016 2015 2014
Total Assets $224,836,079 $226,427,184 $209,480,450
Average Total Assets 226,532,889 218,976,133 213,163,386
Total Deposits 197,750,480 199,192,838 184,208,867
Gross Loans, Net 155,033,994 138,416,345 129,100,202
Allowance for Loan and Lease Losses 2,657,138 2,129,071 2,118,859
Investment Securities 483,877,725 56,601,731 51,358,083
Shareholders’ Equity 25,310,293 24,277,361 23,278,390
Average Shareholders’ Equity 23,779,617 23,163,020
Statement of Income
Net Interest Income $7,673,148 $7,242,689 $7,022,890
Provision for Loan Losses 210,000 378,000 410,000
Non-Interest Income 830,040 1,450,025 799,173
Non-Interest Expense 6,648,944 6,704,988 6,420,343
Income Tax Expense 545,283 467,500 295,925
Net Income 1,098,961 1,142,226 695,795
Per Share Data
Net Income per Common Share $1.16 $1.21 $0.74
Cash Dividends Declared 0.25 0.25 0.59
Book Value per Common Share 26.36 25.60 24.66
Ratios
Return on Average Assets 0.49% 0.52% 0.33%
Return on Average Equity 4.44 4.80 3.00
Shareholders’ Equity/Total Assets 11.26 10.72 11.11
Allowance for Loan Losses/Gross Loans 1.71 1.51 1.61
Total Loans/Total Assets 68.95 62.07 62.64
Total Loans/Total Deposits 78.40 70.56 71.23