Chelsea State Bank Condensed Statement of Condition March 31, 2019

ASSETS

Cash and Due from Banks $64,823,211
Total Securities 61,863,126
Federal Funds Sold 14,457
Loans 176,742,749
Less Reserve for Loan Losses (3,317,554)
. . . Net Loans 173,425,195
Bank Premises & Fixtures 3,042,767
Accrued Income Receivable and Other Assets 10,564,541
. . . TOTAL ASSETS $313,733,297

LIABILITIES

Demand Deposits $146,764,319
Savings Deposits 129,851,997
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,876,489
. . . TOTAL LIABILITIES $278,492,805

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 15,240,492
. . . TOTAL STOCKHOLDERS EQUITY $35,240,492
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $313,733,297
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