CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 5,977,896	$ 9,773,893
Interest-bearing deposits at the Federal Reserve	42,348,085	39,320,526
Investment securities available for sale (amortized cost of $132,706,063 and $99,838,799 in 2020 and 2019, respectively)	134,819,818	100,449,956
Mortgage loans to be sold	12,965,733	5,062,398
Loans	320,802,673	274,072,560
Less: Allowance for loan losses	(4,185,694)	(4,003,758)
Net loans	316,616,979	270,068,802
Premises, equipment and leasehold improvements, net	4,053,533	4,290,435
Right of use asset	12,730,151	13,209,217
Accrued interest receivable	1,595,629	1,309,772
Other assets	1,386,775	1,527,521
Total assets	532,494,599	445,012,520
Deposits:
Non-interest bearing demand	169,170,751	125,621,031
Interest bearing demand	140,602,723	125,175,935
Money market accounts	84,681,783	68,964,879
Time deposits over $250,000	4,493,189	5,967,559
Other time deposits	16,205,942	16,215,228
Other savings deposits	47,043,243	37,247,023
Total deposits	462,197,631	379,191,655
Accrued interest payable and other liabilities	2,586,461	1,443,616
Lease liability	12,730,151	13,209,217
Total liabilities	477,514,243	393,844,488
Commitments and contingencies in Notes 6 and 11
Shareholders' equity
Common stock - no par 12,000,000 shares authorized; Issued 5,818,935 shares at December 31, 2020 and 5,799,637 shares at December 31, 2019. Shares outstanding 5,520,469 and 5,530,001 at December 31, 2020 and December 31, 2019, respectively.
Additional paid in capital	47,404,869	47,131,034
Retained earnings	8,693,519	5,879,409
Treasury stock: 298,466 shares as of December 31, 2020 and 269,636 shares as of December 31, 2019	(2,787,898)	(2,325,225)
Accumulated other comprehensive loss, net of income taxes	1,669,866	482,814
Total shareholders' equity	54,980,356	51,168,032
Total liabilities and shareholders' equity	$ 532,494,599	$ 445,012,520