Statement of Condition

as of December 31, 2012

RESOURCES
Cash and Due From Banks	$ 54,585,994
U.S. Treasury Securities	$ - 0 -
U.S. Governmental Agencies	$ 84,319,496
State and Political Subdivisions	$ 105,111,186
Other Securities	$ 100,000
Time Deposits Due From Banks	$ - 0 -
Federal Reserve Bank Stock	$ 893,500
Federal Home Loan Bank Stock	$ 186,900
Federal Funds Sold	$ - 0 -
Loans And Discounts	$ 219,489,329
Less Valuation Reserve	$ (3,929,086)
Net Loans and Discounts	$ 215,560,244
Bank Building And Equipment	$ 13,328,846
Other Resources	$ 16,283,175
TOTAL RESOURCES	$ 490,369,341

Liabilities
Deposits	$ 438,420,916
Funds Purchased or Securities Sold Under Agreement to Repurchase	$ 5,827,236
Federal Home Loan Bank	$ - 0 -
Other Liabilities	$ 1,398,460
TOTAL LIABILITIES	$ 445,646,613
Capital
Capital Stock	$ 1,100,000
Surplus	$ 28,682,364
Undivided Profits and Reserves	$ 14,940,364
TOTAL CAPITAL	$ 44,722,728
TOTAL LIABILITIES AND CAPITAL	$ 490,369,341

	2012	2011
Operating Income	$ 21,758,947	$ 22,559,585
Operating Expense	$ 12,988,764	$ 13,587,066
Interest Expense	$ 4,087,975	$ 4,999,517
Operating Earnings	$ 4,682,207	$ 3,973,002
Provision for Loan and Lease Losses	$ 426,500	$ 428,000
Income Taxes	$ 375,999	$ 284,000
Net Earnings after Taxes	$ 3,879,708	$ 3,261,002
Extraordinary Items	$ - 0 -	$ - 0 -
Net Income	$ 3,879,708	$3,261,002