CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Assets:
Cash and due from banks	$ 5,295,924	$ 4,698,435
Interest bearing deposits in other banks	23,898,862	5,680,613
Investment securities available for sale (amortized cost of $118,422,116 and $112,021,061 in 2015 and 2014, respectively)	119,997,585	113,994,112
Mortgage loans to be sold	5,820,239	7,325,081
Loans	242,622,705	234,117,792
Less: Allowance for loan losses	(3,417,827)	(3,334,848)
Net loans	239,204,878	230,782,944
Premises and equipment leasehold improvements, net	2,289,228	2,352,423
Other real estate owned	620,394	521,943
Accrued interest receivable	1,284,063	1,290,380
Other assets	761,339	579,871
Total assets	399,172,512	367,225,802
Deposits:
Non-interest bearing demand	122,073,396	107,072,271
Interest bearing demand	84,977,640	79,397,647
Money market accounts	70,233,422	47,450,210
Time deposits over $250,000	25,896,768	32,363,615
Other time deposits	28,871,044	29,457,720
Other savings deposits	26,666,342	26,677,564
Total deposits	358,718,612	322,419,027
Short-term borrowings		6,980,681
Accrued interest payable and other liabilities	1,302,188	1,066,112
Total liabilities	360,020,800	$ 330,465,820
Shareholders' Equity
Common stock-no par 12,000,000 shares authorized; Issued 5,157,996 shares at December 31, 2015 and 4,680,839 at December 31, 2014; Shares outstanding 4,916,600 at December 31, 2015 and 4,461,388 at December 31, 2014
Additional paid in capital	36,341,744	$ 28,779,108
Retained earnings	4,064,834	8,640,291
Treasury stock: 241,396 shares at December 31, 2015 and 219,451 at December 31, 2014	(2,247,415)	(1,902,439)
Accumulated other comprehensive income, net of income taxes	992,549	1,243,022
Total shareholders' equity	39,151,712	36,759,982
Total liabilities and shareholders' equity	$ 399,172,512	$ 367,225,802