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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Interest income:    
Interest and fees on loans $ 3,785,083 $ 3,575,133
Interest on taxable securities available for sale 288,698 282,526
Interest on taxable securities held to maturity 36,941 50,515
Interest on tax exempt securities 316,018 316,256
Dividends 23,718 22,450
Interest on deposits in other banks 50,229 22,193
Interest on certificates of deposit in other banks 1,352 52
Total interest income 4,502,039 4,269,125
Interest expense:    
Interest on deposits 271,675 207,738
Interest on federal funds purchased 2 3
Interest on other short-term borrowings 26,102 23,318
Interest on long-term debt 137,868 144,270
Total interest expense 435,647 375,329
Net interest income 4,066,392 3,893,796
Provision for loan losses 75,000 30,000
Net interest income after provision for loan losses 3,991,392 3,863,796
Noninterest income:    
Service charges on deposit accounts 269,724 276,310
Income from trust services 54,412 52,098
Income from retail brokerage services 88,532 80,548
Income from insurance services 433,046 472,180
Income from mortgage banking services 72,355 90,521
Net gain on sale or disposition of assets 366 366
Net gain on sale of securities 124,211 27,906
Other income 240,580 226,518
Total noninterest income 1,283,226 1,226,447
Noninterest expense:    
Salaries and employee benefits 2,298,156 2,176,286
Occupancy expense 278,638 288,324
Equipment expense 205,431 221,873
Data processing expense 386,763 343,136
Amortization of intangible assets 3,906 3,906
Other operating expenses 727,824 694,731
Total noninterest expenses 3,900,718 3,728,256
Income before income taxes 1,373,900 1,361,987
Provision for income taxes 308,596 314,342
Net income $ 1,065,304 $ 1,047,645
Earnings per share of common stock:    
Net income, basic $ 0.42 $ 0.41
Net income, diluted 0.42 0.41
Dividends paid per share $ 0.11 $ 0.1
Weighted average shares outstanding 2,547,437 2,547,837
Diluted average shares outstanding 2,547,437 2,547,837