 |
 |
Statement of Condition
As of 12/31/2007
| RESOURCES | |
|---|---|
| Cash and Due From Banks | $ 10,564,864 |
| U.S. Treasury Securities | $ - 0 - |
| U.S. Governmental Agencies | $ 39,687,846 |
| State and Political Subdivisions | $ 31,805,368 |
| Other Securities | $ 551,184 |
| Time Deposits Due From Banks | $ -0- |
| Federal Reserve Bank Stock | $ 758,500 |
| Federal Home Loan Bank Stock | $ 446,900 |
| Federal Funds Sold | $ 2,600,000 |
| Loans And Discounts | $ 266,927,016 |
| Less Valuation Reserve | $ (3,353,694) |
| Net Loans and Discounts | $ 263,573,322 |
| Bank Building And Equipment | $ 14,906,613 |
| Other Resources | $ 7,465,648 |
| TOTAL RESOURCES | $ 372,360,245 |
| LIABILITIES AND CAPITAL | |
| Liabilities | |
| Deposits | $ 330,199,906 |
| Funds Purchased or Securities Sold Under Agreement to Repurchase | $ 9,678,014 |
| Federal Home Loan Bank | $ - 0 - |
| Other Liabilities | $ 2,089,290 |
| TOTAL LIABILITIES | $ 341,967,210 |
| Capital | |
| Capital Stock | $ 1,100,000 |
| Surplus | $ 24,182,364 |
| Undivided Profits and Reserves | $ 5,110,671 |
| TOTAL CAPITAL | $ 30,393,035 |
| TOTAL LIABILITIES AND CAPITAL | $ 372,360,245 |
Comparative Income Statement for the Twelve Months Ending December 31, 2007
| 2006 | 2007 | |
|---|---|---|
| Operating Income | $ 22,896,052 | $ 26,962,041 |
| Operating Expense | $ 9,691,371 | $ 11,152,632 |
| $ 13,204,681 | $ 15,809,409 | |
| Interest Expense | $ 8,354,739 | $ 10,589,443 |
| Operating Earnings | $ 4,849,942 | $ 5,219,966 |
| Provision for Loan and Lease Losses. | $ 739,000 | $ 656,500 |
| Income Taxes | $ 1,250,300 | $ 1,299,790 |
| Net Earnings after Taxes | $ 2,860,642 | $ 3,263,676 |
| Extraordinary Items | $ - 0 - | $ - 0 - |
| Net Income | $ 2,860,642 | $ 3,263,676 |
| Net Income per Share | $4.89 | $ 5.58 |
© 2007 Tradition
Bank.
