Other Income and Other Expense

12 Months Ended

Dec. 31, 2018

Other Income and Expenses [Abstract]

Other Income and Other Expense

Note 8. Other Income and Other Expense

The following is a detail of the major income classifications that are included in other income under non-interest income on the income statement for the year ended December 31:

Other Income	2018		2017		2016
BOLI Insurance	$	495,290	$	528,425	$	511,854
Mortgage Loan Origination Income		362,712		340,395		451,476
Other Income		289,559		446,144		385,586
Total Other Income	$	1,147,561	$	1,314,964	$	1,348,916

The following is a detail of the major expense classifications that comprise the other expense line item in the income statement for the years ended December 31:

Other Operating Expense	2018		2017		2016
Advertising	$	639,684	$	649,612	$	783,303
Office Supplies		975,428		1,008,541		702,705
Legal and Audit Fees		560,594		515,273		497,986
FDIC and State Assessment		350,502		417,047		702,705
Telephone Expense		520,081		529,747		446,628
Postage and Freight		566,723		544,722		499,611
Loan Collection Expense		287,921		471,779		380,093
Other Losses		243,461		463,415		445,792
Debit Card/ATM expense		470,606		413,058		378,748
Travel and Convention		207,007		254,594		254,229
Other expenses		2,582,622		2,802,677		2,582,683
Total Other Expense	$	7,404,629	$	8,070,465	$	7,674,483

Other losses in 2018, 2017 and 2016 include the write-down on OREO in the amount of $-0-, $234,042 and $220,419, respectively.