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Chelsea State Bank Condensed Statement of Condition      September 30, 2019

ASSETS 
Cash and Due from Banks $44,184,236
Total Securities 62,396,480
Federal Funds Sold 386,124
Loans 175,084,640
Less Reserve for Loan Losses (3,634,253)
Net Loans 171,450,387
Bank Premises & Fixtures 3,075,870
Accrued Income Receivable and Other Assets 10,682,080
TOTAL ASSETS $292,175,177
LIABILITIES 
Demand Deposits $128,425,155
Savings Deposits 123,888,820
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,670,493
TOTAL LIABILITIES $253,984,468
STOCKHOLDERS EQUITY 
Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 18,190,709
TOTAL STOCKHOLDERS EQUITY $38,190,709
TOTAL LIABILITIES and STOCKHOLDERS EQUITY $292,175,177