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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income      
Interest and fees on loans $ 20,241,255 $ 18,733,676 $ 19,012,157
Interest on securities      
Taxable 8,344,788 8,178,526 7,589,532
Non-taxable 2,579,431 3,319,234 3,382,064
Other interest 193,258 273,379 185,188
Total interest income 31,358,732 30,504,815 30,168,941
Interest expense      
Deposits 2,810,968 1,921,904 1,843,983
Other borrowed funds 1,647,724 1,420,635 1,253,574
Total interest expense 4,458,692 3,342,539 3,097,557
Net interest income 26,900,040 27,162,276 27,071,384
(Provision for) reversal of loan losses (333,990) 543,138 65,056
Net interest income after (provision for) reversal of loan losses 26,566,050 27,705,414 27,136,440
Non-interest income      
Net gains on sales of securities 11,047 104,708 112,881
Other income 1,147,561 1,314,964 1,348,916
Total non-interest income 8,599,766 8,296,144 7,691,600
Non-interest expense      
Salaries and employee benefits 14,530,499 14,772,438 13,696,985
Occupancy expense 2,016,758 2,174,839 2,079,529
Equipment expense 3,713,073 3,209,677 3,028,654
Other expense 7,404,629 8,070,465 7,674,483
Total non-interest expense 27,664,959 28,227,419 26,479,651
Income before income taxes 7,500,857 7,774,139 8,348,389
Income tax expense 827,730 4,070,591 1,611,735
Net income $ 6,673,127 $ 3,703,548 $ 6,736,654
Net income per share - basic $ 1.36 $ 0.76 $ 1.38
Net income per share - diluted $ 1.36 $ 0.76 $ 1.38
Average shares outstanding      
Basic 4,889,420 4,878,691 4,865,968
Diluted 4,899,218 4,895,848 4,875,638
Deposit Account [Member]      
Non-interest income      
Other income $ 4,562,293 $ 4,238,525 $ 3,788,984
Financial Service, Other [Member]      
Non-interest income      
Other income $ 2,878,865 $ 2,637,947 $ 2,440,819