QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

The tables below represent the quarterly results of operations for the years ended December 31, 2021 and 2020, respectively:

The tables below represent the quarterly results of operations for the years ended December 31, 2021 and 2020, respectively:

	2021
	Fourth		Third		Second		First
Total interest and fee income	$	4,345,017	$	4,201,069	$	4,363,910	$	4,641,115
Total interest expense		37,840		39,319		42,317		54,524
Net interest income		4,307,177		4,161,750		4,321,593		4,586,591
Provision for loan losses		—		—		—		120,000
Net interest income after provision for loan losses		4,307,177		4,161,750		4,321,593		4,466,591
Total other income		842,935		1,138,431		946,951		939,914
Total other expense		3,146,129		3,047,534		3,084,596		3,030,715
Income before income tax expense		2,003,983		2,252,647		2,183,948		2,375,790
Income tax expense		464,814		525,710		515,264		565,715
Net income	$	1,539,169	$	1,726,937	$	1,668,684	$	1,810,075
Basic income per common share	$	0.28	$	0.31	$	0.30	$	0.33
Diluted income per common share	$	0.27	$	0.30	$	0.29	$	0.32

	2020
	Fourth		Third		Second		First
Total interest and fee income	$	4,442,774	$	4,292,345	$	4,203,211	$	4,301,426
Total interest expense		63,139		72,198		76,005		94,072
Net interest income		4,379,635		4,220,147		4,127,206		4,207,354
Provision for loan losses		200,000		40,000		—		—
Net interest income after provision for loan losses		4,179,635		4,180,147		4,127,206		4,207,354
Total other income		1,095,596		978,052		703,622		627,631
Total other expense		3,011,191		2,934,998		2,870,223		2,856,521
Income before income tax expense		2,264,040		2,223,201		1,960,605		1,978,464
Income tax expense		528,834		519,930		459,582		457,333
Net income	$	1,735,206	$	1,703,271	$	1,501,023	$	1,521,131
Basic income per common share	$	0.31	$	0.31	$	0.27	$	0.28
Diluted income per common share	$	0.31	$	0.30	$	0.26	$	0.27