Chelsea State Bank Condensed Statement of Condition December 31, 2017

ASSETS

Cash and Due from Banks $45,468,383
Total Securities 59,256,301
Federal Funds Sold 24,188
Loans 169,893,796
Less Reserve for Loan Losses (3,595,760)
. . . Net Loans 166,298,036
Bank Premises & Fixtures 2,874,079
Accrued Income Receivable and Other Assets 10,028,333
. . . TOTAL ASSETS $283,949,320

LIABILITIES

Demand Deposits $126,981,564
Savings Deposits 123,183,969
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,585,547
. . . TOTAL LIABILITIES $251,751,080

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 12,198,240
. . . TOTAL STOCKHOLDERS EQUITY $32,198,240
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $283,949,320
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