Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 6,716,185	$ 5,874,561
Interest-bearing deposits with banks	25,992,126	32,921,125
Federal funds sold	1,222,549	1,217,801
Investment securities available for sale	4,319,809	5,340,743
Restricted equity securities	401,829	397,599
Loans, net of allowance for loan losses of $3,846,517 at June 30, 2016 and $3,626,908 at December 31, 2015	207,918,096	197,904,895
Property and equipment, net	5,270,896	5,333,066
Foreclosed assets	202,982	384,452
Accrued income	1,016,293	1,084,164
Goodwill	120,000	120,000
Bank owned life insurance	6,339,377	5,125,339
Other assets	3,130,552	2,072,810
Total assets	262,650,694	257,776,555
Deposits:
Noninterest-bearing	60,467,106	54,619,375
Interest-bearing	156,221,927	158,068,586
Total deposits	216,689,033	212,687,961
Long-term debt	1,750,000	2,750,000
Dividends payable	45,730	1,004,642
Accrued interest payable	128,286	91,632
Other liabilities	3,537,887	2,571,350
Total liabilities	222,150,936	219,105,585
Commitments and contingencies (Note 4)
Stockholders' equity
Common stock	10,763,291	12,101,480
Retained earnings	24,552,405	22,727,587
Accumulated other comprehensive loss	2,066	(26,904)
Total stockholders' equity	40,499,758	38,670,970
Total liabilities and stockholders' equity	262,650,694	257,776,555
Preferred Stock Series A [Member]
Stockholders' equity
Preferred stock	2,620,325	2,620,325
Preferred Stock Series D [Member]
Stockholders' equity
Preferred stock	1,248,482	1,248,482
Common Stock Class A [Member]
Stockholders' equity
Common stock	$ 1,313,189	$ 0