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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities      
Net income $ 7,588,901 $ 7,449,759 $ 7,149,860
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 1,040,207 1,190,393 1,140,753
Amortization of premiums and accretion of discounts on investment securities, net 1,208,954 405,017 717,749
Stock compensation expense 117,300 115,000  
Provision for loan losses 556,687 923,397 2,204,366
Gain on sale of securities (17,503) (14,542) (423,388)
Federal Home Loan Bank stock dividends (4,500) (8,400) (11,400)
Deferred income tax (benefit) loss (86,251) 307,920 (850,100)
Excess tax benefit on stock options     (14,566)
Net writedown on other real estate owned 156,053 824,059 276,400
(Increase) decrease in accrued interest receivable (58,124) 262,116 533,815
Increase in cash surrender value life insurance (786,043) (784,425) (1,017,032)
Gain on BOLI death benefits   (623,774)  
Decrease in accrued interest payable (10,722) (8,796) (121,959)
Increase in deferred compensation liability 508,930 489,746 802,286
Net change in other operating assets and liabilities 188,128 (837,072) 824,044
Net cash provided by operating activities 10,402,017 9,690,398 11,210,828
Cash flows from investing activities      
Proceeds from calls, paydowns and maturities of securities available-for-sale 41,493,768 12,944,631 81,916,607
Proceeds from calls of securities held-to-maturity 47,853,733    
Proceeds from sales of securities available-for-sale 5,758,795 18,004,518 41,974,017
Purchases of investment securities available-for-sale (135,229,379)   (142,276,646)
Purchases of bank premises, furniture, fixtures and equipment (455,668) (1,807,469) (338,615)
Proceeds from sale of other real estate owned 1,192,328 1,749,721 2,091,610
Net decrease (increase) in interest bearing deposits with other banks 19,213,446 (60,797,123) 15,544,647
Proceeds from redemption of Federal Home Loan Bank Stock 150,700 1,292,600 1,052,000
Purchases of Federal Home Loan Bank Stock     (438,600)
Proceeds from death benefits of bank owned life insurance   1,269,560  
Net increase in loans (40,117,134) (4,110,312) (25,809,560)
Net cash used by investing activities (60,139,411) (31,453,874) (26,284,540)
Cash flows from financing activities      
Net increase in deposits 57,310,894 41,464,098 12,080,458
Net (decrease) increase in federal funds purchased   (27,500,000) 27,500,000
Net change in securities sold under agreement to repurchase (10,128,588) 32,005,989 9,114,016
Proceeds from exercise of stock options 27,000   128,950
Stock repurchase (390,205)    
Excess tax benefit on stock option exercises 1,001   14,566
Dividends paid to stockholders (4,540,748) (4,341,076) (4,285,371)
Federal Home Loan Bank advance proceeds     10,000,000
Federal Home Loan Bank advance payments   (13,500,000) (45,000,000)
Net cash provided by financing activities 42,279,354 28,129,011 9,552,619
Net (decrease) increase in cash and due from banks (7,458,040) 6,365,535 (5,521,093)
Cash and due from banks, beginning of year 22,405,730 16,040,195 21,561,288
Cash and due from banks, end of year 14,947,690 22,405,730 16,040,195
Supplemental disclosures of cash flow information      
Cash paid for Interest 3,087,601 3,027,090 4,202,416
Income taxes 2,301,698 2,460,014 2,357,215
Noncash disclosures      
Real estate acquired by foreclosure $ 869,564 2,874,173 $ 1,436,923
Transfers from available-for-sale to held-to-maturity   $ 222,322,423