Chelsea State Bank Condensed Statement of Condition September 30, 2018

ASSETS

Cash and Due from Banks $53,567,109
Total Securities 60,068,367
Federal Funds Sold 12,822
Loans 176,848,730
Less Reserve for Loan Losses (3,784,844)
. . . Net Loans 173,063,886
Bank Premises & Fixtures 3,107,236
Accrued Income Receivable and Other Assets 10,015,167
. . . TOTAL ASSETS $299,834,587

LIABILITIES

Demand Deposits $132,794,160
Savings Deposits 132,018,149
Federal Funds Purchased 0
FHLB Advances 0
Accrued Expenses and Other Payables 1,623,410
. . . TOTAL LIABILITIES $266,435,719

STOCKHOLDERS EQUITY

Common Stock $3,200,000
Surplus 16,800,000
Undivided Profits and Other Gains 13,398,868
. . . TOTAL STOCKHOLDERS EQUITY $33,398,868
. . . TOTAL LIABILITIES and
. . . STOCKHOLDERS EQUITY $299,834,587
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