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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest Income    
Loans and leases $ 44,593,660 $ 40,578,703
Investment securities 7,111,383 5,295,318
Other 152,958 51,975
Total interest income 51,858,001 45,925,996
Interest Expense    
Deposits 7,128,195 4,935,944
Borrowings 3,091,146 2,745,837
Total interest expense 10,219,341 7,681,781
Net Interest Income 41,638,660 38,244,215
Provision for losses on loans and leases 600,000 1,430,000
Net Interest Income After Provision for Losses on Loans and Leases 41,038,660 36,814,215
Non-interest Income    
Service charges on deposit accounts 1,049,777 881,586
Card fee income 1,209,528 1,086,576
Loan and lease servicing fees, including mortgage servicing right impairment 861,758 (84,333)
Net gains on securities (includes $0 and $55,799, related to accumulated other comprehensive loss reclassifications) 0 55,799
Net gains on loan and lease sales 639,274 2,450,083
Other income 1,106,436 1,025,889
Total non-interest income 4,866,773 5,415,600
Non-interest Expenses    
Salaries and employee benefits 18,478,020 18,143,286
Net occupancy expenses 1,425,018 1,236,549
Equipment expenses 1,268,812 1,306,754
Data processing fees 2,712,950 2,181,012
Deposit insurance expense 494,000 301,000
Printing and office supplies 194,462 165,317
Legal and professional fees 1,420,352 1,226,469
Advertising expense 459,478 395,949
Bank service charges 137,601 129,015
Real estate owned expense 30,067 25,526
Other expenses 3,535,767 3,538,538
Total non-interest expenses 30,156,527 28,649,415
Income Before Income Tax Expense 15,748,906 13,580,400
Provision for income taxes (includes $0 and $11,718, related to income tax expense from reclassification of items) 2,783,467 2,435,500
Net Income $ 12,965,439 $ 11,144,900
Earnings Per Share [Abstract]    
Basic (in USD per share) $ 1.20 $ 0.98
Diluted (in USD per share) $ 1.17 $ 0.96