CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 5,740,658	$ 9,773,893
Interest-bearing deposits at the Federal Reserve	38,757,226	39,320,526
Investment securities available for sale	135,307,515	100,449,956
Mortgage loans to be sold	12,728,519	5,062,398
Loans	320,752,641	274,072,560
Less: Allowance for loan losses	(4,153,814)	(4,003,758)
Net loans	316,598,827	270,068,802
Premises, equipment and leasehold improvements, net	4,127,621	4,290,435
Right of use asset	12,850,962	13,209,217
Accrued interest receivable	1,428,042	1,309,772
Other assets	1,560,720	1,527,521
Total assets	529,100,090	445,012,520
Deposits:
Non-interest bearing demand	177,951,432	125,621,031
Interest bearing demand	131,972,555	125,175,935
Money market accounts	86,752,645	68,964,879
Time deposits over $250,000	3,985,632	5,967,559
Other time deposits	16,509,276	16,215,228
Other savings deposits	41,984,129	37,247,023
Total deposits	459,155,669	379,191,655
Accrued interest payable and other liabilities	2,563,442	1,443,616
Lease liability	12,850,962	13,209,217
Total liabilities	474,570,073	393,844,488
Shareholders' equity
Common stock - no par 12,000,000 shares authorized; Issued 5,817,725 shares at September 30, 2020 and 5,799,637 shares at December 31, 2019. Shares outstanding 5,519,259 and 5,530,001 at September 30, 2020 and December 31, 2019, respectively.
Additional paid in capital	47,370,912	47,131,034
Retained earnings	7,896,793	5,879,409
Treasury stock: 298,466 and 269,636 shares at September 30, 2020 and December 31, 2019, respectively.	(2,787,898)	(2,325,225)
Accumulated other comprehensive income, net of income taxes	2,050,210	482,814
Total shareholders' equity	54,530,017	51,168,032
Total liabilities and shareholders' equity	$ 529,100,090	$ 445,012,520