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Chelsea State Bank Condensed Statement of Condition      December 31, 2019

ASSETS 
Cash and Due from Banks $44,941,187
Total Securities 64,692,363
Federal Funds Sold 2,451
Loans 177,102,633
Less Reserve for Loan Losses (3,641,282)
Net Loans 173,461,351
Bank Premises & Fixtures 3,055,670
Accrued Income Receivable and Other Assets 10,957,407
TOTAL ASSETS $297,110,429
LIABILITIES 
Demand Deposits $133,030,162
Savings Deposits 124,730,996
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,877,280
TOTAL LIABILITIES $259,638,438
STOCKHOLDERS EQUITY 
Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 17,471,991
TOTAL STOCKHOLDERS EQUITY $37,471,991
TOTAL LIABILITIES and STOCKHOLDERS EQUITY $297,110,429