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Financial Highlights

Balance Sheet ($000) March 31,
2018
(unaudited)
December 31,
2017
December 31,
2016
Total Assets 295,759 294,578 288,032
Total Net Loans 182,119 173,681 154,225
Total Securities 93,649 99,652 112,092
Total Deposits 261,075 267,760 255,514
Shareholders' Equity 22,224 22,821 21,550
Performance Ratios (%) March 31,
2018
(unaudited)
December 31,
2017
December 31,
2016
Return on Average Assets 0.63% 0.50% 0.47%
Return on Average
Shareholders' Equity
8.22% 6.31% 6.10%
Net Interest Margin 3.32% 3.17% 3.01%
Loans/Deposits 69.76% 64.86% 60.36%
Securities/Assets 31.66% 33.83% 38.92%
Shareholders' Equity/Assets 7.51% 7.75% 7.48%
Efficiency Ratio 74.80% 74.44% 80.54%
Summary of Operations
($000)
Three Months
Ended
March 31, 2018
(unaudited)
Three Months
Ended
March 31, 2017
(unaudited)
Year Ended
December 31,
2017
Year Ended
December 31,
2016
Interest Income 2,568 2,297 9,637 8,997
Interest Expense 304 255 1,070 975
Net Interest Income 2,264 2,042 8,567 8,022
Provision for Loan Losses 94 (65) 133 40
Net Interest Income After
Provision for Loan Losses
2,170 2,107 8,434 7,982
Noninterest Income 444 424 2,024 1,823
Noninterest Expense 2,060 1,983 8,167 8,231
Income Before Income
Taxes (Benefit)
554 548 2,291 1,574
Income Tax Expense
(Benefit)
91 105 861 229
Net Income 463 443 1,430 1,345
Shareholder
Information
Three Months
Ended
March 31,
2018
(unaudited)
Three Months
Ended
March 31,
2017
(unaudited)
Year Ended
December 31,
2017
Year Ended
December 31,
2016
Common shares
outstanding
282,246 282,246 282,246 284,246
Basic and Diluted
Earnings Per Share ($)
1.64 1.57 5.07 4.75
Book Value Per Share ($) 78.74 77.95 80.85 76.35
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