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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
ASSETS    
Cash and due from banks $ 8,746,291 $ 8,141,030
Interest-bearing deposits at the Federal Reserve Bank 23,881,649 18,101,300
Investment securities available for sale 132,660,381 119,978,944
Mortgage loans to be sold 2,232,201 4,386,210
Loans 260,229,745 260,576,115
Less: Allowance for loan losses (3,927,515) (3,851,617)
Net loans 256,302,230 256,724,498
Premises, equipment and leasehold improvements, net 2,270,977 2,296,624
Other real estate owned 475,800 521,943
Accrued interest receivable 1,551,357 1,614,002
Other assets 2,183,113 2,185,085
Total assets 430,303,999 413,949,636
Deposits:    
Non-interest-bearing demand 132,051,130 126,034,478
Interest-bearing demand 94,401,633 96,260,589
Money market accounts 81,827,246 77,307,662
Time deposits over $250,000 17,959,145 17,822,136
Other time deposits 26,559,417 26,019,121
Other savings deposits 33,493,698 29,078,865
Total deposits 386,292,269 372,522,851
Accrued interest payable and other liabilities 958,771 813,811
Total liabilities 387,251,040 373,336,662
Shareholders' equity    
Common stock-no par, 12,000,000 shares authorized; 5,211,285 and 5,197,535 shares issued at June 30, 2017 and December 31, 2016, respectively; 4,969,889 and 4,956,139 shares outstanding at June 30, 2017 and December 31, 2016, respectively
Additional paid in capital 37,015,422 36,824,022
Retained earnings 7,865,149 6,643,476
Treasury stock: 241,396 shares at June 30, 2017 and December 31, 2016 (2,247,415) (2,247,415)
Accumulated other comprehensive income (loss), net of income taxes 419,803 (607,109)
Total shareholders' equity 43,052,959 40,612,974
Total liabilities and shareholders' equity $ 430,303,999 $ 413,949,636