Online Banking
| 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 ($000) |
Year Ended December 31, |
Year Ended |
Year Ended |
Year Ended |
| Interest Income | 12,388 | 12,364 | 11,115 | 9,637 |
| Interest Expense | 1,782 | 2,296 | 1,637 | 1,070 |
| Net Interest Income | 10,606 | 10,068 | 9,478 | 8,567 |
| Provision for Loan Losses | 800 | 143 | 128 | 133 |
| Net Interest Income After Provision for Loan Losses |
9,806 | 9,925 | 9,350 | 8,434 |
| Noninterest Income | 2,097 | 1,915 | 1,897 | 2,024 |
| Noninterest Expense | 8,324 | 8,356 | 8,186 | 8,167 |
| Income Before Income Taxes |
3,579 | 3,484 | 3,061 | 2,291 |
| Income Tax Expense | 703 | 686 | 546 | 861 |
| Net Income | 2,876 | 2,798 | 2,515 | 1,430 |
| Shareholder Information |
Year Ended December 31, |
Year Ended December 31, |
Year Ended |
Year Ended December 31, |
| Common shares outstanding |
279,246 | 279,246 | 279,246 | 282,246 |
| Basic and Diluted Earnings Per Share ($) |
10.30 | 10.02 | 8.92 | 5.07 |
| Book Value Per Share ($) | 111.02 | 98.16 | 84.31 | 80.85 |
