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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest and fee income    
Loans, including fees $ 3,034,043 $ 2,864,766
Taxable securities 323,133 339,781
Tax-exempt securities 239,314 263,181
Other 35,575 6,874
Total interest and fee income 3,632,065 3,474,602
Interest expense    
Deposits $ 94,139 92,734
Short-term borrowings 737
Total interest expense $ 94,139 93,471
Net interest income 3,537,926 3,381,131
Provision for loan losses 45,000 5,000
Net interest income after provisions for loan losses 3,492,926 3,376,131
Other income    
Service charges, fees and commissions 260,531 237,285
Mortgage banking income 351,873 377,146
Other non-interest income 5,689 $ 4,914
Loss on sale of other real estate (13,450)
Gain on sale of securities 187,936 $ 111,313
Total other income 792,579 730,658
Other expense    
Salaries and employee benefits 1,515,027 1,416,173
Net occupancy expense 376,399 363,599
Other operating expenses 631,272 559,282
Total other expense 2,522,698 2,339,054
Income before income tax expense 1,762,807 1,767,735
Income tax expense 567,071 562,775
Net income $ 1,195,736 $ 1,204,960
Weighted average shares outstanding    
Basic (in shares) 4,917,334 4,907,223
Diluted (in shares) 5,067,563 5,054,687
Earnings per common share    
Basic income per common share (in dollars per share) $ 0.24 $ 0.25
Diluted income per common share (in dollars per share) $ 0.24 $ 0.24