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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Assets:    
Cash and due from banks $ 20,088,893 $ 11,480,608
Federal funds sold and other interest-bearing deposits 6,724,288 3,137,629
Cash and cash equivalents 26,813,181 14,618,237
Certificate of deposit in other bank 100,000 100,000
Securities available for sale 30,601,771 26,591,991
Securities held to maturity 18,065,993 18,127,067
Equity security at fair value 514,717 503,827
Federal Home Loan Bank stock, at cost 503,700 575,800
Mortgage loans held for sale 417,465 573,638
Loans, less allowance for loan losses of $2,529,209 and $2,509,334 335,142,379 340,900,635
Premises and equipment 5,032,002 5,075,310
Accrued interest receivable 1,014,800 990,529
Deferred income taxes 1,100,714 1,179,454
Other real estate owned 210,150 210,150
Bank owned life insurance 7,093,740 7,053,354
Other assets 1,873,120 657,885
428,483,732 417,157,877
Deposits:    
Noninterest-bearing 60,431,904 62,717,520
Interest-bearing 304,755,581 291,995,483
Total deposits 365,187,485 354,713,003
Securities sold under repurchase agreements 9,132,795 11,012,000
Federal Home Loan Bank of Atlanta advances 3,000,000 3,000,000
Accrued interest payable 350,206 311,489
Other liabilities 4,114,849 2,726,678
381,785,335 371,763,170
Stockholders' equity:    
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,682,997 shares in 2019 and 2018 16,830 16,830
Additional paid-in capital 27,324,794 27,324,794
Retained earnings 19,626,222 18,621,382
Accumulated other comprehensive income (269,449) (568,299)
46,698,397 45,394,707
$ 428,483,732 $ 417,157,877