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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Loans, including fees $ 4,160,086 $ 3,933,155
Investment securities - taxable 152,317 154,860
Investment securities - tax exempt 160,607 142,763
Federal funds sold and other interest earning assets 74,526 26,968
Total interest income 4,547,536 4,257,746
Interest expense:    
Deposits 775,531 438,410
Securities sold under repurchase agreements 25,299 34,389
Federal Home Loan Bank advances and other borrowings 20,553 62,962
Total interest expense 821,383 535,761
Net interest income 3,726,153 3,721,985
Provision for loan losses 13,000 50,000
Net interest income after provision for loan losses 3,713,153 3,671,985
Noninterest income:    
Mortgage banking income 32,719 54,193
Bank owned life insurance income 40,386 39,905
Unrealized gain on equity security 7,845 960
Gain on sale of SBA loans 130,015 60,508
Total noninterest income 392,396 340,280
Noninterest expense:    
Salaries 1,326,783 1,283,510
Employee benefits 381,964 367,454
Occupancy 214,420 177,533
Furniture and equipment 155,147 161,616
Other 676,972 639,177
Total noninterest expense 2,755,286 2,629,290
Income before income taxes 1,350,263 1,382,975
Income taxes 253,976 260,857
Net income $ 1,096,287 $ 1,122,118
Earnings per share - basic and diluted (in dollars per share) $ 0.65 $ 0.67
Deposit Account [Member]    
Noninterest income:    
Noninterest revenue $ 152,060 $ 161,840
Financial Service, Other [Member]    
Noninterest income:    
Noninterest revenue $ 29,371 $ 22,874