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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest and fee income      
Loans, including fees $ 15,126,316 $ 13,287,318 $ 12,851,900
Taxable securities 1,872,285 1,585,505 1,297,636
Tax-exempt securities 744,713 1,026,513 1,007,438
Other 393,597 269,811 138,623
Total interest and fee income 18,136,911 16,169,147 15,295,597
Interest expense      
Deposits 694,386 423,863 378,740
Total interest expense 694,386 423,863 378,740
Net interest income 17,442,525 15,745,284 14,916,857
Provision for loan losses 325,000 55,000 570,000
Net interest income after provision for loan losses 17,117,525 15,690,284 14,346,857
Other income      
Service charges and fees 1,168,808 1,135,037 1,061,349
Mortgage banking income 786,893 1,057,457 1,387,740
Gain on sales of securities 4,735 45,820 380,904
Other non-interest income 34,189 30,157 31,090
Total other income 1,994,625 2,268,471 2,861,083
Other expense      
Salaries and employee benefits 6,488,229 6,060,831 6,087,929
Net occupancy expense 1,580,929 1,571,076 1,528,048
Net other real estate owned expenses 57,613 92,652 16,691
Other operating expenses 2,953,463 2,517,737 2,639,776
Total other expense 11,080,234 10,242,296 10,272,444
Income before income tax expense 8,031,916 7,716,459 6,935,496
Income tax expense 1,108,982 2,814,634 1,688,433
Net Income $ 6,922,934 $ 4,901,825 $ 5,247,063
Weighted average shares outstanding      
Basic (in shares) 5,500,027 5,471,001 5,428,884
Diluted (in shares) 5,589,012 5,568,493 5,561,739
Basic income per common share (in dollars per share) $ 1.26 $ 0.90 $ 0.97
Diluted income per common share (in dollars per share) $ 1.24 $ 0.88 $ 0.94