XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest and fee income    
Loans, including fees $ 3,141,738 $ 3,034,043
Taxable securities 338,847 323,133
Tax-exempt securities 270,885 239,314
Other 39,951 35,575
Total interest and fee income 3,791,421 3,632,065
Interest expense    
Deposits 96,782 94,139
Total interest expense 96,782 94,139
Net interest income 3,694,639 3,537,926
Provision for loan losses 2,500 45,000
Net interest income after provision for loan losses 3,692,139 3,492,926
Other income    
Service charges, fees and commissions 269,566 260,531
Mortgage banking income 275,105 351,873
Gains on sales of securities   187,936
Other non-interest income 7,203 5,689
Total other income 551,874 806,029
Other expense    
Salaries and employee benefits 1,470,209 1,515,027
Net occupancy expense 364,145 376,399
Other operating expenses 637,276 631,272
Net other real estate owned expenses   13,450
Total other expenses 2,471,630 2,536,148
Income before income tax expense 1,772,383 1,762,807
Income tax expense 546,295 567,071
Net income $ 1,226,088 $ 1,195,736
Weighted average shares outstanding    
Basic (in shares) 4,962,250 4,917,334
Diluted (in shares) 5,073,101 5,067,563
Basic income per common share (in dollars per share) $ 0.25 $ 0.24
Diluted income per common share (in dollars per share) $ 0.24 $ 0.24