Consolidated Income Statement as at 31-Dec-2016

	2016 $	2015 $
Net Profit for the year	2,454,711	3,394,801
Interest income	28,561,359	22,918,887
Interest expense	(14,630,417)	(11,221,279)
Net interest income	13,930,942	11,697,608
Fees and commission income	4,146,494	3,639,418
Fees and commission expense	(325,105)	(57,952)
Net fee and commission income	3,821,389	3,581,466
Other income	306,790	88,609
Total net operating income	18,059,121	15,367,683
General and administrative expenses	(13,155,044)	(10,368,109)
Allowance for bad and doubtful Loans and advances	(1,345,249)	(584,085)
Profit before income tax	3,558,828	4,415,489
Income tax expense	(1,104,117)	(1,020,688)

Assets

	2016 $	2015 $
Total Assets	480,485,198	414,097,400
Cash and bank balances	29,524,517	62,487,036
Deposits and placements with banks and other financial institutions	76,915,000	68,138,750
Loans and advances-net	308,792,754	226,122,681
Other assets	4,196,834	3,946,291
Statutory deposits	45,208,000	38,406,000
Instangible assets	1,066,079	413,692
Property and equipment	14,484,689	14,582,950
Deferred tax assets	597,325

Liabilities and Equity Liabilities

Liabilities	2016 $	2015 $
Total Liabilities	402,719,786	358,866,818
Deposits from customers	317,507,103	276,040,143
Deposits by other banks	74,933,739	75,319,324
income tax payable	934,941	779,236
Other liabilities	9,344,003	6,728,115

Equity

Equity	2016 $	2015 $
Total Liabilities and Equity	480,485,198	414,097,400
Paid-up capital	59,000,000	39,000,000
Other reserves	5,000,000
Retained earnings	13,765,412	16,230,582
Total Equity	77,765,412	55,230,582