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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
INTEREST INCOME:        
Loans $ 2,287,872 $ 2,299,427 $ 4,565,331 $ 4,644,989
Investment securities 443,985 441,778 893,561 876,052
Mortgage-backed securities 246,030 171,551 564,665 332,119
Other 597 11,958 698 23,721
Total interest income 2,978,484 2,924,714 6,024,255 5,876,881
INTEREST EXPENSE:        
Deposits 368,858 451,698 755,330 921,148
Other borrowings 2,178 2,600 5,364 5,241
Total interest expense 371,036 454,298 760,694 926,389
NET INTEREST INCOME 2,607,448 2,470,416 5,263,561 4,950,492
PROVISION FOR LOAN LOSSES 30,000   60,000 30,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 2,577,448 2,470,416 5,203,561 4,920,492
NON-INTEREST INCOME:        
Fiduciary activities 62,272 58,007 146,347 124,109
Commission income 301,569 289,711 655,905 598,871
Service charges on deposit accounts 183,488 206,711 343,144 408,137
Mortgage banking operations, net 49,833 75,844 62,246 146,461
Net realized gains on sales of available-for-sale securities 61,727 104,668 161,582 688,899
Loan servicing fees 90,642 91,599 182,575 185,122
ATM and bank card interchange income 127,948 105,538 248,098 200,717
Other 70,199 95,730 145,313 161,530
Total non-interest income 947,678 1,027,808 1,945,210 2,513,846
NON-INTEREST EXPENSE:        
Salaries and employee benefits 1,588,778 1,585,829 3,174,635 3,186,564
Occupancy and equipment 236,692 258,764 495,228 512,430
Data processing and telecommunications 136,004 140,099 274,588 283,522
Professional 313,335 72,077 369,406 157,370
Postage and office supplies 57,934 62,574 120,802 131,238
ATM and bank card expense 74,038 59,882 149,925 107,762
Other 317,091 288,385 609,634 573,603
Total non-interest expense 2,723,872 2,467,610 5,194,218 4,952,489
INCOME BEFORE INCOME TAXES 801,254 1,030,614 1,954,553 2,481,849
INCOME TAXES 176,277 270,539 489,786 709,326
NET INCOME $ 624,977 $ 760,075 $ 1,464,767 $ 1,772,523
NET INCOME PER COMMON SHARE - BASIC (in dollars per share) $ 0.35 $ 0.41 $ 0.82 $ 0.95
NET INCOME PER COMMON SHARE - DILUTED (in shares) $ 0.35 $ 0.41 $ 0.81 $ 0.95