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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and due from banks $ 4,460,551 $ 2,416,568
Interest bearing deposits 2,842,078 6,013,890
Total cash and cash equivalents 7,302,629 8,430,458
Time deposits 250,000 250,000
Federal funds sold 4,409,000 5,663,000
Securities available for sale 24,469,999 25,533,767
Loans, net of allowance for loan losses of $2,628,365 and $2,627,738 at March 31, 2019 and December 31, 2018, respectively 235,793,257 235,926,419
Loans held for sale 250,505
Premises and equipment, net 6,695,952 6,621,080
Accrued interest receivable 841,005 824,542
Foreclosed real estate 196,000
Deferred tax assets 1,847,488 1,898,141
Cash surrender value of life insurance 2,353,387 2,341,453
Goodwill 649,869 649,869
Core deposit intangible 213,500 228,000
Other assets 4,232,700 4,469,350
Total assets 289,505,291 292,836,079
Deposits:    
Non-interest bearing 13,747,615 14,057,719
Interest bearing 207,494,542 209,390,810
Total deposits 221,242,157 223,448,529
Accrued interest payable 16,146 5,648
FHLB advances 10,588,245 12,087,152
Other liabilities 4,715,995 4,470,384
Total liabilities 236,562,543 240,011,713
Stockholders' Equity    
Common stock, $0.01 par value, 12,000,000 shares authorized; 3,336,459 and 3,358,922 shares issued at March 31, 2019 and December 31, 2018, respectively 33,365 33,589
Additional paid-in-capital 35,260,770 35,579,606
Retained earnings 19,058,192 18,859,232
Unallocated ESOP shares (1,532,112) (1,576,616)
Unearned management recognition plan shares (36,998) (40,361)
Accumulated other comprehensive income (loss) 159,531 (31,084)
Total stockholders' equity 52,942,748 52,824,366
Total liabilities and stockholders' equity $ 289,505,291 $ 292,836,079