Chelsea State Bank Condensed Statement of Condition June 30, 2019

ASSETS

Cash and Due from Banks $51,372,388
Total Securities 62,092,618
Federal Funds Sold 5,957
Loans 174,178,364
Less Reserve for Loan Losses (3,315,247)
. . . Net Loans 170,863,117
Bank Premises & Fixtures 3,071,416
Accrued Income Receivable and Other Assets 10,500,318
. . . TOTAL ASSETS $297,905,814

LIABILITIES

Demand Deposits $133,597,516
Savings Deposits 125,750,360
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,543,546
. . . TOTAL LIABILITIES $260,891,422

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 17,014,392
. . . TOTAL STOCKHOLDERS EQUITY $37,014,392
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $297,905,814
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