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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Cash and due from banks $ 11,480,608 $ 6,235,186
Federal funds sold and other interest-bearing deposits 3,137,629 1,002,199
Cash and cash equivalents 14,618,237 7,237,385
Certificate of deposit in other bank 100,000 100,000
Securities available for sale 26,591,991 27,929,510
Securities held to maturity 18,127,067 18,204,182
Equity security at fair value 503,827 503,881
Federal Home Loan Bank stock, at cost 575,800 1,063,600
Mortgage loans held for sale 573,638 327,700
Loans, less allowance for loan losses of $2,509,334 and $2,458,911 340,900,635 332,533,706
Premises and equipment 5,075,310 5,206,271
Accrued interest receivable 990,529 1,020,256
Deferred income taxes 1,179,454 998,032
Other real estate owned 210,150 265,500
Bank owned life insurance 7,053,354 6,891,590
Other assets 657,885 622,856
417,157,877 402,904,469
Deposits:    
Noninterest-bearing 62,717,520 64,403,133
Interest-bearing 291,995,483 255,393,291
Total deposits 354,713,003 319,796,424
Securities sold under repurchase agreements 11,012,000 21,768,507
Federal Home Loan Bank of Atlanta advances 3,000,000 17,000,000
Accrued interest payable 311,489 180,620
Other liabilities 2,726,678 2,359,986
371,763,170 361,105,537
Stockholders' equity:    
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,682,997 shares in 2018 and 1,667,813 shares in 2017 16,830 16,678
Additional paid-in capital 27,324,794 26,869,796
Retained earnings 18,621,382 15,306,625
Accumulated other comprehensive loss (568,299) (394,167)
45,394,707 41,798,932
$ 417,157,877 $ 402,904,469