CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 8,486,025	$ 8,141,030
Interest-bearing deposits at the Federal Reserve Bank	24,034,194	18,101,300
Investment securities available for sale (amortized cost of $140,606,807 and $120,942,615 in 2017 and 2016, respectively)	139,250,250	119,978,944
Mortgage loans to be sold	2,093,723	4,386,210
Loans	270,180,640	260,576,115
Less: Allowance for loan losses	(3,875,398)	(3,851,617)
Net loans	266,305,242	256,724,498
Premises, equipment and leasehold improvements, net	2,244,525	2,296,624
Other real estate owned	435,479	521,943
Accrued interest receivable	1,720,920	1,614,002
Other assets	1,996,140	2,185,085
Total assets	446,566,498	413,949,636
Deposits:
Non-interest-bearing demand	139,256,748	126,034,478
Interest-bearing demand	108,967,196	96,260,589
Money market accounts	77,833,728	77,307,662
Time deposits over $250,000	18,624,924	17,822,136
Other time deposits	23,295,492	26,019,121
Other savings deposits	34,910,212	29,078,865
Total deposits	402,888,300	372,522,851
Accrued interest payable and other liabilities	913,563	813,811
Total liabilities	403,801,863	373,336,662
Commitments and contingencies Notes 6 and 11
Shareholders' equity
Common stock-no par, 12,000,000 shares authorized; 5,230,675 and 5,197,535 shares issued at December 31, 2017 and 2016, respectively; 4,989,279 and 4,956,139 shares outstanding at December 31, 2017 and 2016, respectively
Additional paid in capital	37,236,566	36,824,022
Retained earnings	8,471,780	6,643,476
Treasury stock: 241,396 shares at December 31, 2017 and 2016	(2,247,415)	(2,247,415)
Accumulated other comprehensive loss, net of income taxes	(696,296)	(607,109)
Total shareholders' equity	42,764,635	40,612,974
Total liabilities and shareholders' equity	$ 446,566,498	$ 413,949,636