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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
NET INCOME $ 2,104,845 $ 2,120,364
OTHER ITEMS OF COMPREHENSIVE INCOME:    
Change in unrealized gain on investment securities available-for-sale, before income taxes 1,017,554 1,572,967
Change in unrealized loss on interest rate swaps, before income taxes (3,602,643) (1,092,487)
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes (27,899) 30,648
Total other items of comprehensive income (2,612,988) 511,128
Income tax expense (benefit) related to other items of comprehensive income (627,129) 130,337
Other comprehensive income (loss) (1,985,859) 380,791
TOTAL COMPREHENSIVE INCOME $ 118,986 $ 2,501,155