Chelsea State Bank Condensed Statement of Condition March 31, 2018

ASSETS

Cash and Due from Banks $58,633,109
Total Securities 61,438,537
Federal Funds Sold 368,750
Loans 170,347,642
Less Reserve for Loan Losses (3,661,830)
. . . Net Loans 166,685,812
Bank Premises & Fixtures 2,854,487
Accrued Income Receivable and Other Assets 10,130,616
. . . TOTAL ASSETS $300,111,311

LIABILITIES

Demand Deposits $142,875,151
Savings Deposits 123,276,699
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,764,064
. . . TOTAL LIABILITIES $267,915,914

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 12,195,397
. . . TOTAL STOCKHOLDERS EQUITY $32,195,397
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $300,111,311
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