Chelsea State Bank Condensed Statement of Condition December 31, 2018

ASSETS

Cash and Due from Banks $52,944,438
Total Securities 60,106,319
Federal Funds Sold 1,913
Loans 176,642,866
Less Reserve for Loan Losses (3,247,718)
. . . Net Loans 173,395,148
Bank Premises & Fixtures 3,047,790
Accrued Income Receivable and Other Assets 10,382,619
. . . TOTAL ASSETS $299,878,227

LIABILITIES

Demand Deposits $140,487,274
Savings Deposits 123,799,138
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,802,019
. . . TOTAL LIABILITIES $266,088,431

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 13,789,796
. . . TOTAL STOCKHOLDERS EQUITY $33,789,796
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $299,878,227
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