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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
NET INCOME $ 9,415,090 $ 7,331,879 $ 5,157,664
OTHER ITEMS OF COMPREHENSIVE INCOME:      
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 3,018,580 (1,130,514) 1,182,895
Change in unrealized gain (loss) on interest rate swaps, before income taxes (2,899,860) 791,465 632,990
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes (89,564) 8,091 (46,329)
Total other items of comprehensive income (loss) 29,156 (330,958) 1,769,556
Income tax expense (benefit) related to other items of comprehensive income 7,435 (84,395) 666,508
Other comprehensive income (loss) 21,721 (246,563) 1,103,048
TOTAL COMPREHENSIVE INCOME $ 9,436,811 $ 7,085,316 $ 6,260,712