CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 6,952,114	$ 8,486,025
Interest-bearing deposits in other banks	27,468,258	24,034,194
Investment securities available for sale	125,914,894	139,250,250
Mortgage loans to be sold	3,640,385	2,093,723
Loans	267,998,436	270,180,640
Less: Allowance for loan losses	(3,830,520)	(3,875,398)
Net loans	264,167,916	266,305,242
Premises, equipment and leasehold improvements, net	2,244,811	2,244,525
Other real estate owned	435,479	435,479
Accrued interest receivable	1,368,258	1,720,920
Other assets	2,457,074	1,996,140
Total assets	434,649,189	446,566,498
Deposits:
Non-interest-bearing demand	141,607,977	139,256,748
Interest-bearing demand	100,596,328	108,967,196
Money market accounts	68,937,190	77,833,728
Time deposits over $250,000	17,278,762	18,624,924
Other time deposits	23,881,449	23,295,492
Other savings deposits	38,383,858	34,910,212
Total deposits	390,685,564	402,888,300
Accrued interest payable and other liabilities	1,346,776	913,563
Total liabilities	392,032,340	403,801,863
Shareholders' equity
Common stock-no par, 12,000,000 shares authorized; 5,755,503 and 5,753,743 shares issued at March 31, 2018 and December 31, 2017, respectively; 5,489,967 and 5,488,207 shares outstanding at March 31, 2018 and December 31, 2017, respectively
Additional paid in capital	46,608,558	37,236,566
Retained earnings		8,471,780
Treasury stock: 265,536 shares at March 31, 2018 and December 31, 2017	(2,247,415)	(2,247,415)
Accumulated other comprehensive loss, net of income taxes	(1,744,294)	(696,296)
Total shareholders' equity	42,616,849	42,764,635
Total liabilities and shareholders' equity	$ 434,649,189	$ 446,566,498