Woman in new car

Financial Highlights

Balance Sheet ($000) September 30, 2021 (unaudited)
December 31, 2020
December 31, 2019 December 31, 2018
Total Assets 437,762
380,710 324,402 310,701
Total Net Loans 244,156
239,867
217,274 199,583
Total Securities 147,388
111,998
86,746 90,213
Total Deposits 398,334
346,396
282,974 262,250
Shareholders' Equity 31,124
31,001
27,411 23,542

Performance Ratios (%) September 30, 2021 (unaudited) December 31, 2020
December 31, 2019 December 31, 2018
Return on Average Assets 0.87%
0.82% 0.89% 0.83%
Return on Average Shareholders' Equity 11.33%
9.67% 10.84% 11.11%
Net Interest Margin 2.93%
3.19% 3.39% 3.33%
Loans/Deposits 61.29%
69.25% 76.78% 76.10%
Securities/Assets 33.67%
29.42% 26.74% 29.04%
Shareholders' Equity/Assets 7.11%
8.14% 8.45% 7.58%
Efficiency Ratio 65.32%
65.92% 69.03% 70.93%

Summary of Operations ($000) September 30, 2021 (unaudited)
Year Ended December 31, 2020
Year Ended December 31, 2019 Year Ended December 31, 2018
Interest Income 9,627
12,388
12,364 11,115
Interest Expense 1,140
1,782
2,296 1,637
Net Interest Income 8,487
10,606
10,068 9,478
Provision for Loan Losses 80
800
143 128
Net Interest Income After
Provision for Loan Losses
8,407
9,806
9,925 9,350
Noninterest Income 1,535
2,097
1,915 1,897
Noninterest Expense
6,663
8,324

8,356 8,186
Income Before Income Taxes
3,279
3,579
3,484 3,061
Income Tax Expense
629 703 686 546
Net Income 2,650
2,876
2,798 2,515

Shareholder Information September 30, 2021 (unaudited)
Year Ended December 31, 2020
Year Ended December 31, 2019 Year Ended December 31, 2018 Year Ended December 31, 2017
Common Shares Outstanding 275,746
279,246 279,246 279,246 279,246
Basic and Diluted Earnings Per Share ($) 9.58
10.30
10.02 8.92 5.07
Book Value Per Share ($) 112.87
111.02
98.16 84.31 80.85