CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 8,009,824	$ 8,141,030
Interest-bearing deposits at the Federal Reserve Bank	22,159,373	18,101,300
Investment securities available for sale	126,496,884	119,978,944
Mortgage loans to be sold	3,117,830	4,386,210
Loans	269,132,631	260,576,115
Less: Allowance for loan losses	(3,886,959)	(3,851,617)
Net loans	265,245,672	256,724,498
Premises, equipment and leasehold improvements, net	2,252,832	2,296,624
Other real estate owned	566,632	521,943
Accrued interest receivable	1,328,542	1,614,002
Other assets	2,296,720	2,185,085
Total assets	431,474,309	413,949,636
Deposits:
Non-interest-bearing demand	124,661,171	126,034,478
Interest-bearing demand	99,066,299	96,260,589
Money market accounts	84,417,700	77,307,662
Time deposits over $250,000	17,695,869	17,822,136
Other time deposits	25,993,812	26,019,121
Other savings deposits	34,712,187	29,078,865
Total deposits	386,547,038	372,522,851
Accrued interest payable and other liabilities	1,217,803	813,811
Total liabilities	387,764,841	373,336,662
Shareholders' equity
Common stock-no par, 12,000,000 shares authorized; 5,225,875 and 5,197,535 shares issued at September 30, 2017 and December 31, 2016, respectively; 4,984,479 and 4,956,139 shares outstanding at September 30, 2017 and December 31, 2016, respectively
Additional paid in capital	37,172,768	36,824,022
Retained earnings	8,558,442	6,643,476
Treasury stock: 241,396 shares at September 30, 2017 and December 31, 2016	(2,247,415)	(2,247,415)
Accumulated other comprehensive income (loss), net of income taxes	225,673	(607,109)
Total shareholders' equity	43,709,468	40,612,974
Total liabilities and shareholders' equity	$ 431,474,309	$ 413,949,636