Statement of Condition

December 31, 2011

Assets

Cash and Demand Balances Due from Banks

$11,561,922

Interest-Bearing Balances Due from Banks

6,557

Federal Funds Sold

26,085,000

Certificates of Deposit

2,695,015

Investments

Held to Maturity

0

Available for Sale

292,650,102

Loans

Total Loans

$371,814,560

Less: Loan Loss Reserve

6,887,080

Less: Unearned Interest Collected

306

Loans, Net

364,927,174

Bank Premises and Equipment

11,318,154

Other Assets

29,092,820

Total Assets

$738,336,743

Liabilities and Shareholders' Equity

Noninterest-bearing Deposits

$124,180,123

Interest-bearing Deposits

517,749,124

Total Deposits

641,929,248

Other Borrowed Money

0

Other Liabilities

23,592,623

Total Liabilities

$665,521,870

Shareholders Equity

Common Stock

1,000,000

Surplus

10,562,178

Undivided Profits

54,810,396

Net unrealized holdings gains (losses) on available-for-sale securities

6,442,299

Total Shareholders' Equity

72,814,873

Total Liabilities and Shareholders' Equity

$738,336,743