Chelsea State Bank Condensed Statement of Condition June 30, 2018

ASSETS

Cash and Due from Banks $51,851,861
Total Securities 59,368,672
Federal Funds Sold 1,959
Loans 173,267,610
Less Reserve for Loan Losses (3,704,057)
. . . Net Loans 169,563,553
Bank Premises & Fixtures 3,107,552
Accrued Income Receivable and Other Assets 9,749,367
. . . TOTAL ASSETS $293,642,964

LIABILITIES

Demand Deposits $128,515,338
Savings Deposits 130,716,229
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,476,076
. . . TOTAL LIABILITIES $260,707,643

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 12,935,321
. . . TOTAL STOCKHOLDERS EQUITY $32,935,321
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $293,642,964
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