Consolidated Statements of Condition - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ASSETS
Cash and due from banks	$ 24,334,437	$ 14,947,690
Interest bearing deposits with other banks	17,457,142	42,267,777
Investment securities held to maturity, at amortized cost	78,122,952	161,043,404
Investment securities available for sale, at fair value	435,785,417	267,264,403
Loans, net of allowance for loan losses of $4,808,995 in 2016 and $6,473,703 in 2015	397,558,888	423,108,391
Premises and equipment, net	18,302,910	18,655,691
Other real estate owned, net	3,204,602	3,572,744
Accrued interest receivable	4,100,144	3,928,106
Cash surrender value of life insurance	23,504,500	23,133,644
Deferred tax assets, net	5,421,582	9,165,417
Other assets	6,792,506	6,417,275
TOTAL ASSETS	1,014,585,080	973,504,542
Deposits:
Noninterest-bearing demand	150,964,393	148,724,257
Interest-bearing NOW and money market accounts	353,081,295	323,381,170
Savings deposits	73,099,371	70,534,886
Certificates of deposit	202,513,541	210,764,475
Total deposits	779,658,600	753,404,788
Securities sold under agreement to repurchase	112,829,476	104,298,182
Federal Funds Purchased	0	0
Federal Home Loan Bank advances	20,000,000	20,000,000
Accrued interest payable	186,014	179,995
Deferred compensation payable	7,960,599	7,718,624
Other liabilities	1,065,531	1,477,617
Total liabilities	921,700,220	887,079,206
SHAREHOLDERS' EQUITY
Common stock; $0.20 par value, 22,500,000 shares authorized, 4,884,079 shares issued and outstanding at June 30, 2016 and 4,875,079 shares issued and outstanding at December 31, 2015	975,016	975,016
Additional paid-in capital	3,723,042	3,617,279
Retained earnings	89,912,266	88,949,360
Accumulated other comprehensive loss, net of tax benefit of $1,026,473 in 2016 and $4,233,473 in 2015	(1,725,464)	(7,116,319)
Total shareholders' equity	92,884,860	86,425,336
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,014,585,080	$ 973,504,542