CMS Case Study

2022 Budget BALANCE SHEET

ACTUAL

Projected

2021

2022

Assets Cash and due from banks Fed funds sold & repos

7,412,950 100,000 7,512,950

7,359,774

-

Cash and Cash Equivalents

7,359,774

Interest bearing deposits with banks Investment Securities - Taxable Investment Securities - Tax-exempt Mortgage loans held for sale Loans, net of unearned income Less: Allowance for loan losses

34,389,453 413,064,547 32,257,482

12,500,000 425,000,000 35,000,000

931,826

-

432,063,314 (7,666,028) 424,397,286 18,929,415 2,469,286

475,300,000 (7,604,800) 467,695,200 22,000,000 2,500,000

Net Loans

Premises and equipment, net Accrued interest receivable

Other real estate

-

-

Other assets Total Assets

30,907,362

30,000,000

964,859,606 1,002,054,974

Liabilities Non-Interest Bearing Deposits Interest bearing demand deposits Savings and Money Market Deposits

208,376,600 348,394,772 153,261,809 100,664,232

225,000,000 352,000,000 158,000,000 110,000,000

Time Deposits - Retail Time Deposits - Wholesale

-

-

Total Deposits

810,697,413

845,000,000

Accrued expenses and other liabilities

3,859,142 35,000,000 29,640,231

3,500,000 35,000,000 25,000,000

FHLB Advances Other Borrowings

Trust Preferred Securities

-

-

Total Liabilities

879,196,785

908,500,000

Shareholders' Equity Preferred Stock

-

-

Common stock Capital surplus Retained earnings

11,263

11,263

50,352,804 29,239,730 (1,426,622) 7,485,646 85,662,821

50,347,096 34,925,376 8,271,239 93,554,974 -

Accumulated other comprehensive income (loss)

Net Income

Total Shareholders' Equity

Total Liabilities and Shareholders' Equity

964,859,606 1,002,054,974