NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
NOTE 4. SECURITIES, continued period of time sufficient to allow for any anticipated recovery in fair value. At December 31, 2025, 70 debt st he ec uCroi tmi eps awn iyt ’hs faami r ovrat il zueeds oc of s$t6 b2 a, 5s1i s4. , 3A7t1Daencde mt obt ae lr u3n1r, e2a0l i2z 4e d, 7l 3o sds ee bs to sf e$c2u, 9r i9t i7e, s1 3w8i thha fda idr evpar leucei as toe fd $46. 50 3, 5%2 8f,r2o8m4 at hnadnt ot ht ael umnorretaglai zgeed– bl oascskeesdo sf e$c5u, 8r i6t i5e, 3s , 8o0t hh ea rd sdeecpurrei ct ii ea st eadr 8e . 8g 3u %a r af rnot eme dt h be yC oe mi t hpearn tyh’ se aUm. So. r Gt i oz ev de rcnoms tebnat s oi sr. Oo tt hh ee rr Igno vaenranl my zei nn gt s .a nT hi sessueeur ’ns r ef ianl ai znecdi allo cs os ensd ri tei loant e, mp rai nn ac gi peaml l ey ntto ccounr sr iednetr isn wt e hr ee st ht er ar t tehs ef osre cs ui mr iitliaers t ay rpee si sosfuseedc ubryi t it ehse. freeds ue rl tasl ogforveevrine mw es notf ot hr ei ti ss saugeern’ sc if ei ns a, nwchi aelt hc oe nr dt hi t ei o dn o. wA ns gmr aadneasg ebmy ebnotnhda sr at thi en ga baigl iet ny ctioe sh oh ladv de eobctc suercrue rdi,t iaens du nt ht iel m tem at p ur o i r t a y r , y o . r for the foreseeable future if classified as available-for-sale, no declines are deemed to be other-than- R3 1e s, 2t r0i c2t5e da nedq u2 i0t 2y 4s eFcHuLr Bi t iSetsoccoknt soitsat lse od f $F3e, 7d7e 0r a, 7l 0H0o amned L$o4a, 2n8B1a, 0n0k0S, troecs kp eacnt di v Fe leyd. eArtaDl Re ceesme rbveer S3t 1o ,c 2k 0. A2 5t Da ne cde2m0b2e4r, Federal Reserve Stock totaled $604,300 for both years. NOTE 5. LOANS The following table presents the composition of loans, segregated by class of loans, as of December 31: 2025 2024 Commercial $ 197,824,228 $ 229,037,949 Commercial Real Estate 831,086,261 887,190,952 Construction & Land 374,102,539 308,759,375 Agriculture 1,033,713,754 916,270,354 Residential Real Estate 784,425,331 682,818,886 Consumer 50,949,891 39,968,258 Other 180,081,716 173,557,987 3,452,183,720 3,237,603,761 Less: Allowance (42,593,335) (41,137,304) $ 3,409,590,385 $ 3,196,466,457 Overdraft deposit accounts that have been reclassified as loans as of December 31, 2025 and 2024 totaled $721,239 and $928,221, respectively. As a part of the ongoing monitoring of the credit quality of the loan portfolio, management tracks certain credit qt huea ll iet vy ei lnodfi ccal at os sr si f ii endc l cuodmi nmg et rrecni adl sarnedl act oe dn st uo m( i e) rt hl oe arni ssk, (gi ri ia) dneeat scshi ga nr ge ed- toof fcs o, m( i vm) enrocni apl earnf od rcmo ni nsgu ml o ea rn sl o, aa nn sd, (( ivi )) tt ho eags es ingenr aal er icsokn go rma idcec ot on de iat ci ohnos fi ni t st hleo aCno sm. pLaonayn’ ss gaeroeg gr ar pa dh ei cd r oe gni oa ns. cTa hl ee oCfo 0m- 9p .a nT yh eu sCeosma pr iasnkyg rr iasdki nr ga tseyss toenme hundred percent of the loans in its portfolio. The bank uses the following definitions for risk ratings: Pass (0-5) – Loans and leases classified as pass should be performing relatively close to expectations, with as hd oe uq luda tbee envoi ds ei gnncief i ct ah na tt dt he ep abrot ur rr oe wf reormi st hceo ni nt itne un idnegd tsoo ug recnee raantde tai md ei nq ug aotfer ec apsahy mf l oe nwt , taon sdetrhvei cr ee sdheobut .l d Tbheenr eo uc rni dt eurei ar be lei ianngc emoe na ssuerceodn, di ta mr y a syobuer coef sf soe ft rbeyp tahyemreenl at t. i vTeo s tt hr ee negxt the no tf ot ht ha et rs of amc teo vr sa rai na dn /c eo re cx oi sl tl as t ienr aol npel eodr g me do rt oe secure the transaction. 2025 Annual Report | 35
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