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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Loans $ 27,454,089 $ 23,314,776 $ 23,564,766
Investment securities 1,791,921 1,895,395 1,483,772
Other 194,723 179,155 141,096
29,440,733 25,389,326 25,189,634
Interest Expense      
Deposits 3,751,565 2,283,982 2,423,871
Federal Home Loan Bank advances 1,703,787 1,313,620 1,196,393
Subordinated debentures 631,202 579,410 538,785
Securities sold under agreements to repurchase 120,833
6,086,554 4,177,012 4,279,882
Net Interest Income 23,354,179 21,212,314 20,909,752
Provision for Loan Losses 1,750,000 1,375,000 600,000
Net Interest Income After Provision for Loan Losses 21,604,179 19,837,314 20,309,752
Noninterest Income      
Service charges 1,189,575 1,134,664 1,214,880
Gain on sale of investment securities 46,329 192,537 187,090
Gain on sale of mortgage loans held for sale 2,021,208 1,708,478 1,396,358
Gain on sale of Small Business Administration loans 746,639 297,462 344,818
Net gain (loss) on foreclosed assets 182,004 1,270 (164,663)
Other income 1,541,565 1,535,796 1,499,589
5,727,320 4,870,207 4,478,072
Noninterest Expense      
Salaries and employee benefits 12,040,528 10,686,564 9,805,337
Occupancy 2,204,408 1,827,209 1,904,886
FDIC deposit insurance premiums 245,115 350,475 447,044
Prepayment penalty on repurchase agreements 463,992
Data processing 987,193 889,575 790,928
Advertising 525,000 525,000 525,000
Impairment on investment tax credits 587,428
Merger costs 151,270
Other expense 2,862,144 2,821,923 2,672,541
19,603,086 17,100,746 16,609,728
Income Before Income Taxes 7,728,413 7,606,775 8,178,096
Provision for Income Taxes 2,570,749 2,012,764 2,461,329
Net Income Available to Common Shareholders $ 5,157,664 $ 5,594,011 $ 5,716,767
Basic Income Per Common Share (in dollars per share) $ 1.18 $ 1.28 $ 1.32
Diluted Income Per Common Share (in dollars per share) $ 1.16 $ 1.27 $ 1.30