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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
ASSETS    
Cash and cash equivalents $ 28,849,085 $ 4,103,432
Interest-earning time deposits in banks 2,486,000 2,724,000
Investment securities - available for sale 61,471,278 64,294,937
Mortgage-backed securities - available for sale 31,729,892 23,178,395
Federal Home Loan Bank stock 363,800 1,113,800
Other investment securities 56,226 62,223
Loans held for sale - net 319,153 539,000
Loans receivable - net of allowance for loan losses of $2,984,597 and $2,919,594 as of September 30, 2016 and December 31, 2015 185,356,346 193,039,879
Premises and equipment - net 4,539,245 4,728,157
Cash surrender value of life insurance 7,229,906 7,093,640
Accrued interest receivable 2,604,351 1,715,676
Goodwill 2,726,567 2,726,567
Capitalized mortgage servicing rights, net of valuation allowance of $37,289 and $47,354 as of September 30, 2016 and December 31, 2015 585,064 597,713
Real estate owned 220,000 330,981
Deferred income taxes 1,369,225 1,583,067
Other assets 815,530 811,007
Total Assets 330,721,668 308,642,474
LIABILITIES AND STOCKHOLDERS' EQUITY    
Deposits 268,722,251 239,281,930
Other borrowings 6,759,698 15,131,710
Advance payments by borrowers for taxes and insurance 627,239 990,917
Accrued interest payable 104,782 118,335
Deferred compensation payable 4,635,296 4,492,594
Income taxes payable 17,588 49,291
Dividends payable 179,854 1,934,834
Other liabilities 1,397,199 1,076,363
Total liabilities 282,443,907 263,075,974
Commitments and contingencies
Preferred stock, $0.01 par value - authorized 10,000,000 shares; none issued and outstanding
Common stock, $0.01 par value - authorized 25,000,000 shares; issued 1,798,544 shares as of September 30, 2016 and 1,791,513 shares as of December 31, 2015 17,985 17,915
Additional paid-in-capital 13,820,783 13,664,914
Retained earnings 33,148,028 31,305,040
Less: Unallocated ESOP shares (193,850) (211,710)
Accumulated other comprehensive income 1,484,815 790,341
Total stockholders' equity 48,277,761 45,566,500
Total Liabilities and Stockholders' Equity $ 330,721,668 $ 308,642,474