Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 11,143,494	$ 7,700,522
Interest-bearing deposits in other banks	22,994,927	18,819,394
Cash and cash equivalents	34,138,421	26,519,916
Certificates of deposit in other banks	1,985,000	0
Investment securities available for sale, at fair value	54,363,641	53,565,503
Investment securities to be held to maturity (fair value approximates $45,147,800 and $55,123,073)	44,590,841	54,602,535
Federal Home Loan Bank stock, at cost	2,438,200	1,874,200
Loans, net of allowance for loan losses of $3,043,632 and $3,124,611	327,129,758	289,399,625
Premises and equipment, net	12,249,518	11,209,285
Bank property held for sale	211,500	211,500
Foreclosed assets, net	758,878	126,713
Intangible assets	19,532	35,156
Bank owned life insurance	6,553,318	5,356,683
Other assets	4,633,768	5,600,114
Total assets	489,072,375	448,501,230
Deposits:
NOW accounts	25,871,273	47,420,335
Money market	129,040,471	95,658,654
Savings	30,793,864	29,006,734
Certificates of deposit $100,000 and over	46,052,591	43,234,832
Other time accounts	37,579,089	39,524,168
Total interest-bearing deposits	269,337,288	254,844,723
Noninterest-bearing deposits	127,668,471	116,648,264
Total deposits	397,005,759	371,492,987
Short-term borrowed funds	17,971,429	8,447,619
Long-term debt	29,057,143	26,028,571
Other liabilities	3,895,058	4,109,719
Total liabilities	447,929,389	410,078,896
Shareholders' equity:
Common stock - $1 par value, 5,000,000 shares authorized, 4,293,835 shares for 2017 and 2016 issued	4,293,835	4,293,835
Additional paid-in capital	31,701,533	31,701,533
Retained earnings	33,020,030	30,333,410
Accumulated other comprehensive loss	(1,629,619)	(1,785,991)
Treasury stock, at cost 1,752,330 shares for 2017 and 1,746,398 for 2016	(26,242,793)	(26,120,453)
Total shareholders' equity	41,142,986	38,422,334
Total liabilities and shareholders' equity	$ 489,072,375	$ 448,501,230