Statement of Condition

Comparative Balance Sheet December 31

ASSETS	2009	2008
Cash and due from banks	$13,555,723.60	$6,814,565.45
Federal funds sold	3,052,611.02	1,001,276.47
Investments	28,320,882.86	29,278,175.82
Loans and discounts	137,234,448.65	148,562,172.55
Less loan loss reserve	(3,711,815.30)	(2,295,214.87)
Fixed assets	2,052,725.16	2,048,218.53
Other assets	11,293,924.07	6,834,237.31
Total Assets	191,798,500.06	192,243,431.26
LIABILITIES
Deposits: Non-interest bearing	29,734,543.34	27,506,933.99
Deposits: Interest bearing	108,504,294.59	110,730,641.85
Federal funds purchased	0.00	0.00
FHLB borrowings	32,500,000.00	32,500,000.00
Other liabilities	1,584,279.05	1,810,687.43
Total Liabilites	172,323,116.98	172,548,263.27
EQUITY
Capital stock	700,000.00	700,000.00
Surplus	9,300,000.00	9,300,000.00
Undivided profits	9,253,689.14	9,697,159.17
Unrealized securities holding gains (losses)	221,693.94	(1,991.18)
Total Equity	19,475,383.08	19,695,167.99
Total Liabilities and Equity	191,798,500.06	192,243,431.26