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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income:    
Interest and fees on loans $ 7,291,931 $ 6,857,351
Securities:    
Residential mortgage-backed and related securities 545,450 630,654
State and municipal securities 537,981 567,562
Dividends on non-marketable equity securities 11,453 8,436
Interest-bearing deposits 36,170 14,494
Total interest and dividend income 8,422,985 8,078,497
Interest expense:    
Deposits 820,316 864,815
Borrowings 36,127 42,236
Total interest expense 856,443 907,051
Net interest income 7,566,542 7,171,446
Provision for loan losses 442,500 270,178
Net interest income after provision for loan losses 7,124,042 6,901,268
Other income:    
Gain on sale of securities 8,418 37,475
Gain on sale of loans 509,440 227,337
Gain on sale of OREO 188,207 227,907
Gain on sale of repossessed assets 10,641 10,650
Loan origination and servicing income 364,142 323,618
Origination of mortgage servicing rights, net of amortization 65,617 14,108
Customer service fees 441,890 448,963
Income on bank owned life insurance 50,154 47,381
Other 110,012 171,470
Total other income 1,748,521 1,508,909
Other expenses:    
Salaries and employee benefits 3,681,189 3,082,430
Directors fees 163,200 163,016
Occupancy 636,809 656,560
Deposit insurance premium 113,151 179,417
Legal and professional services 308,938 353,651
Data processing 529,665 1,423,119
Loss on sale of securities 3,261 33,149
Loan expense 446,963 349,306
Valuation adjustments and expenses on foreclosed real estate 104,569 171,739
Loss on sale of OREO 4,716 23,176
Loss on sale of repossessed assets 4,876 15,814
Other 1,014,334 942,033
Total other expenses 7,011,671 7,393,410
Income before income tax expense 1,860,892 1,016,767
Income tax expense 599,794 245,805
Net income $ 1,261,098 $ 770,962
Basic earnings per share (in dollars per share) $ 0.43 $ 0.27
Diluted earnings per share (in dollars per share) $ 0.42 $ 0.27