Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Financial Instruments

Schedule of Income (loss) related to derivative financial instruments included in noninterest income in the accompanying consolidated statements of income

	Notional		Asset		Liability
	Amount		Derivatives		Derivatives
December 31, 2020
Interest rate lock commitments	$	19,613,510	$	498,644	—
Forward sale commitments		32,953,442		—	144,995
		52,566,952	$	498,644	144,995

Income (loss) related to derivative financial instruments included in noninterest income in the accompanying consolidated statements of income for the year ended December 31, 2020 is as follows:

	2020
Interest rate lock commitments	$	498,644
Forward sale commitments		(144,995)
		353,649