XML 15 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Cash and Cash Equivalents    
Cash and Due from Banks $ 22,256,646 $ 24,472,870
Federal Funds Sold   20,132,062
22,256,646 44,604,932
Interest-Bearing Deposits 38,615,299 21,206,039
Investment Securities    
Available for Sale, at Fair Value 296,149,299 274,594,586
Held to Maturity, at Cost (Fair Value of $29,923 as of December 31, 2014)   29,796
296,149,299 274,624,382
Federal Home Loan Bank Stock, at Cost 2,730,500 2,830,800
Loans 758,635,595 746,093,809
Allowance for Loan Losses (8,603,905) (8,802,316)
Unearned Interest and Fees (356,798) (361,374)
749,674,892 736,930,119
Premises and Equipment 26,453,530 24,960,445
Other Real Estate (Net of Allowance of $1,582,101 and $3,319,644 in 2015 and 2014, Respectively) 8,839,103 10,401,832
Other Intangible Assets 116,264 152,012
Other Assets 29,313,894 31,187,420
Total Assets 1,174,149,427 1,146,897,981
Deposits    
Noninterest-Bearing 133,886,271 128,339,763
Interest-Bearing 877,667,965 850,963,711
1,011,554,236 979,303,474
Borrowed Money    
Subordinated Debentures 24,229,000 24,229,000
Other Borrowed Money 40,000,000 40,000,000
64,229,000 64,229,000
Other Liabilities $ 2,909,569 $ 4,338,195
Commitments and Contingencies
Stockholders’ Equity    
Preferred Stock, Stated Value $1,000; Authorized 10,000,000 Shares, Issued 18,021 and 28,000 Shares as of December 31, 2015 and 2014 $ 18,021,000 $ 28,000,000
Common Stock, Par Value $1; Authorized 20,000,000 Shares, Issued 8,439,258 Shares as of December 31, 2015 and 2014 8,439,258 8,439,258
Paid-In Capital 29,145,094 29,145,094
Retained Earnings 44,285,621 38,287,934
Accumulated Other Comprehensive Loss, Net of Tax (4,434,351) (4,844,974)
95,456,622 99,027,312
Total Liabilities and Stockholders’ Equity $ 1,174,149,427 $ 1,146,897,981