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Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Total
Common Stock
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2015   4,875,079      
Beginning Balance at Dec. 31, 2015 $ 86,425,336 $ 975,016 $ 3,617,279 $ (7,116,319) $ 88,949,360
Net income 6,736,654       6,736,654
Dividends paid (4,686,325)       (4,686,325)
Restricted stock granted (in shares)   7,500      
Restricted stock granted   $ 1,500 (1,500)    
Stock compensation expense 186,425   186,425    
Other comprehensive income, net (3,602,695)     (3,602,695)  
Ending Balance (in shares) at Dec. 31, 2016   4,882,579      
Ending Balance at Dec. 31, 2016 85,059,395 $ 976,516 3,802,204 (10,719,014) 90,999,689
Net income 3,703,548       3,703,548
Dividends paid (4,697,056)       (4,697,056)
Options exercised 92,625 $ 925 91,700    
Options exercised (in shares)   4,626      
Restricted stock granted (in shares)   7,500      
Restricted stock granted   $ 1,500 (1,500)    
Stock compensation expense 210,735   210,735    
AOCI reclassification       (1,588,198) 1,588,198
Other comprehensive income, net 4,081,793     4,081,793  
Ending Balance (in shares) at Dec. 31, 2017   4,894,705      
Ending Balance at Dec. 31, 2017 88,451,040 $ 978,941 4,103,139 (8,225,419) 91,594,379
Net income 6,673,127       6,673,127
Dividends paid (4,705,991)       (4,705,991)
Options exercised 27,000 $ 465 26,535    
Options exercised (in shares)   2,325      
Restricted stock granted (in shares)   7,500      
Restricted stock granted   $ 1,500 (1,500)    
Stock compensation expense 170,325   170,325    
Other comprehensive income, net (6,749,184)     (6,749,184)  
Ending Balance (in shares) at Dec. 31, 2018   4,904,530      
Ending Balance at Dec. 31, 2018 $ 83,866,317 $ 980,906 $ 4,298,499 $ (14,974,603) $ 93,561,515