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Consolidated Statements of Income - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
INTEREST INCOME        
Loans, including fees $ 4,984,492 $ 4,863,971 $ 9,700,911 $ 9,432,050
Investment securities 2,734,424 2,919,236 5,557,112 5,751,687
Other interest 60,060 59,086 120,344 127,633
Total interest income 7,778,976 7,842,293 15,378,367 15,311,370
INTEREST EXPENSE        
Deposits 515,506 486,003 1,016,715 963,645
Other borrowed funds 311,034 343,814 604,466 673,619
Total interest expense 826,540 829,817 1,621,181 1,637,264
NET INTEREST INCOME 6,952,436 7,012,476 13,757,186 13,674,106
PROVISION FOR (REVERSAL OF) LOAN LOSSES 88,962 (29,586) (147,811) (180,806)
NET INTEREST INCOME AFTER PROVISION FOR (REVERSAL OF) LOAN LOSSES 6,863,474 7,042,062 13,904,997 13,854,912
OTHER INCOME        
Other operating income 294,097 430,349 582,470 705,806
Total other income 2,078,410 2,123,192 4,178,840 4,057,452
OTHER EXPENSES        
Salaries and employee benefits 3,675,422 3,745,433 7,343,279 7,409,237
Occupancy expense 1,361,622 1,338,630 2,887,001 2,648,873
Other operating expense 1,910,845 1,826,548 3,765,290 3,961,657
Total other expenses 6,947,889 6,910,611 13,995,570 14,019,767
INCOME BEFORE PROVISION FOR INCOME TAXES 1,993,995 2,254,643 4,088,267 3,892,597
PROVISION FOR INCOME TAXES 305,855 471,190 627,740 671,819
NET INCOME $ 1,688,140 $ 1,783,453 $ 3,460,527 $ 3,220,778
NET INCOME PER SHARE -Basic $ 0.35 $ 0.37 $ 0.71 $ 0.66
NET INCOME PER SHARE -Diluted 0.35 0.36 0.71 0.66
DIVIDENDS PAID PER SHARE $ 0.24 $ 0.24 $ 0.48 $ 0.48
Deposit Account [Member]        
OTHER INCOME        
Other income $ 1,067,260 $ 1,019,372 $ 2,210,853 $ 2,061,403
Financial Service, Other [Member]        
OTHER INCOME        
Other income $ 717,053 $ 673,471 $ 1,385,517 $ 1,290,243