CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 6,886,753	$ 9,773,893
Interest-bearing deposits at the Federal Reserve	89,344,677	39,320,526
Investment securities available for sale	108,906,662	100,449,956
Mortgage loans to be sold	11,624,188	5,062,398
Loans	309,907,305	274,072,560
Less: Allowance for loan losses	(4,110,630)	(4,003,758)
Net loans	305,796,675	270,068,802
Premises, equipment and leasehold improvements, net	4,161,381	4,290,435
Right of use asset	12,971,774	13,209,217
Accrued interest receivable	1,332,528	1,309,772
Other assets	1,596,912	1,527,521
Total assets	542,621,550	445,012,520
Deposits:
Non-interest bearing demand	177,061,501	125,621,031
Interest bearing demand	141,000,259	125,175,935
Money market accounts	90,750,383	68,964,879
Time deposits over $250,000	4,199,914	5,967,559
Other time deposits	17,045,826	16,215,228
Other savings deposits	43,639,294	37,247,023
Total deposits	473,697,177	379,191,655
Accrued interest payable and other liabilities	1,991,744	1,443,616
Lease liability	12,971,774	13,209,217
Total liabilities	488,660,695	393,844,488
Shareholders' equity
Common stock - no par 12,000,000 shares authorized; Issued 5,812,038 shares at June 30, 2020 and 5,799,637 shares at December 31, 2019. Shares outstanding 5,530,682 and 5,530,001 at June 30, 2020 and December 31, 2019, respectively.
Additional paid in capital	47,290,003	47,131,034
Retained earnings	7,131,796	5,879,409
Treasury stock: 281,356 and 269,636 shares at June 30, 2020 and December 31, 2019, respectively.	(2,515,472)	(2,325,225)
Accumulated other comprehensive income, net of income taxes	2,054,528	482,814
Total shareholders' equity	53,960,855	51,168,032
Total liabilities and shareholders' equity	$ 542,621,550	$ 445,012,520