CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 7,122,113	$ 8,141,030
Interest-bearing deposits in other banks	31,153,847	18,101,300
Investment securities available for sale	129,313,988	119,978,944
Mortgage loans to be sold	3,524,646	4,386,210
Loans	255,463,843	260,576,115
Less: Allowance for loan losses	(3,876,857)	(3,851,617)
Net loans	251,586,986	256,724,498
Premises, equipment and leasehold improvements, net	2,263,872	2,296,624
Other real estate owned	521,943	521,943
Accrued interest receivable	1,177,290	1,614,002
Other assets	2,131,942	2,185,085
Total assets	428,796,627	413,949,636
Deposits:
Non-interest-bearing demand	134,728,089	126,034,478
Interest-bearing demand	98,021,399	96,260,589
Money market accounts	74,670,607	77,307,662
Time deposits over $250,000	20,442,457	17,822,136
Other time deposits	24,888,719	26,019,121
Other savings deposits	33,213,468	29,078,865
Total deposits	385,964,739	372,522,851
Accrued interest payable and other liabilities	1,186,749	813,811
Total liabilities	387,151,488	373,336,662
Shareholders' Equity
Common stock-no par, 12,000,000 shares authorized; 5,212,935 and 5,197,535 at March 31, 2017 and December 31, 2016, respectively; 4,971,539 and 4,956,139 shares issued at March 31, 2017 and December 31, 2016, respectively
Additional paid in capital	36,956,047	36,824,022
Retained earnings	7,174,548	6,643,476
Treasury stock: 241,396 shares at March 31, 2017 and December 31, 2016	(2,247,415)	(2,247,415)
Accumulated other comprehensive loss, net of income taxes	(238,041)	(607,109)
Total shareholders' equity	41,645,139	40,612,974
Total liabilities and shareholders' equity	$ 428,796,627	$ 413,949,636