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Financial Highlights

Balance Sheet ($000)

December 31, 2020 

December 31, 2019

December 31, 2018

December 31, 2017

Total Assets 380,710  324,402  310,701 294,578
Total Net Loans 239,867  217,274  199,583 173,681
Total Securities 111,998  86,746  90,213 99,652
Total Deposits 346,396 282,974  262,250 267,760
Shareholders' Equity 31,001  27,411  23,542 22,821
Performance Ratios (%) December 31, 2020 December 31, 2019 December 31, 2018
December 31, 2017
Return on Average Assets

0.82%

0.89%

0.83%

0.50%

Return on Average
Shareholders' Equity
9.67% 10.84% 11.11% 6.31%
Net Interest Margin 3.19% 3.39% 3.33% 3.17%
Loans/Deposits 69.25% 76.78% 76.10% 64.86%
Securities/Assets 29.42% 26.74% 29.04% 33.83%
Shareholders' Equity/Assets 8.14% 8.45% 7.58% 7.75%
Efficiency Ratio 65.92% 69.03% 70.93% 74.44%
Summary of Operations
($000)

Year Ended December 31,
2020

Year Ended
December 31, 2019

Year Ended
December 31, 2018

Year Ended
December 31, 2017

Interest Income 12,388 12,364 11,115 9,637
Interest Expense 1,782 2,296 1,637 1,070
Net Interest Income 10,606 10,068 9,478 8,567
Provision for Loan Losses 800 143 128 133
Net Interest Income After
Provision for Loan Losses
9,806 9,925 9,350 8,434
Noninterest Income 2,097 1,915 1,897 2,024
Noninterest Expense 8,324 8,356 8,186 8,167
Income Before Income
Taxes
3,579 3,484 3,061 2,291
Income Tax Expense 703 686 546 861
Net Income 2,876 2,798 2,515 1,430
Shareholder
Information

Year Ended December 31,
2020

Year Ended December 31,
2019

Year Ended
December 31, 2018

Year Ended December 31,
2017

Common shares
outstanding
279,246 279,246 279,246 282,246
Basic and Diluted
Earnings Per Share ($)
10.30 10.02 8.92 5.07
Book Value Per Share ($) 111.02 98.16 84.31 80.85
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