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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Interest income:    
Interest and fees on loans $ 3,575,133 $ 3,001,470
Interest on taxable securities available for sale 282,526 286,786
Interest on taxable securities held to maturity 50,515 70,836
Interest on tax exempt securities 316,256 300,337
Dividends 22,450 18,738
Interest on deposits in other banks 22,193 14,143
Interest on certificates of deposit in other banks 52 3,348
Total interest income 4,269,125 3,695,658
Interest expense:    
Interest on deposits 207,738 190,221
Interest on federal funds purchased 3 1
Interest on other short-term borrowings 23,318 13,863
Interest on long-term debt 144,270 111,428
Total interest expense 375,329 315,513
Net interest income 3,893,796 3,380,145
Provision for loan losses 30,000 45,000
Net interest income after provision for loan losses 3,863,796 3,335,145
Noninterest income:    
Service charges on deposit accounts 276,310 291,952
Income from trust services 52,098 69,675
Income from retail brokerage services 80,548 93,782
Income from insurance services 472,180 388,698
Income from mortgage banking services 90,521 78,059
Net gain on sale or disposition of assets 366 18,738
Net gain on sale of securities 27,906 0
Other income 226,518 219,611
Total noninterest income 1,226,447 1,160,515
Noninterest expense:    
Salaries and employee benefits 2,176,286 2,009,537
Occupancy expense 288,324 280,455
Equipment expense 221,873 217,751
Data processing expense 343,136 293,069
Amortization of intangible assets 3,906 3,906
Other operating expenses 694,731 682,205
Total noninterest expenses 3,728,256 3,486,923
Income before income taxes 1,361,987 1,008,737
Provision for income taxes 314,342 200,011
Net income $ 1,047,645 $ 808,726
Earnings per share of common stock:    
Net income, basic $ 0.41 $ 0.32
Net income, diluted 0.41 0.32
Dividends paid per share $ 0.1 $ 0.1
Weighted average shares outstanding 2,547,837 2,547,837
Diluted average shares outstanding 2,547,837 2,547,837