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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest income:    
Interest and fees on loans $ 4,293,240 $ 3,785,083
Interest on taxable securities available for sale 288,646 288,698
Interest on taxable securities held to maturity 28,147 36,941
Interest on tax exempt securities 291,004 316,018
Dividends 31,947 23,718
Interest on deposits in other banks 117,828 50,229
Interest on certificates of deposit in other banks 11,565 1,352
Total interest income 5,062,377 4,502,039
Interest expense:    
Interest on deposits 372,473 271,675
Interest on federal funds purchased 6 2
Interest on other short-term borrowings 115,668 26,102
Interest on long-term debt 125,833 137,868
Total interest expense 613,980 435,647
Net interest income 4,448,397 4,066,392
Provision for loan losses 215,500 75,000
Net interest income after provision for loan losses 4,232,897 3,991,392
Noninterest income:    
Service charges on deposit accounts 224,589 269,724
Income from trust services 58,833 54,412
Income from retail brokerage services 88,395 88,532
Income from insurance services 388,239 433,046
Income from mortgage banking services 620 72,355
Net gain (loss) on sale or disposition of assets (7,155) 366
Net gain on sale of securities 0 124,211
Other income 240,883 240,580
Total noninterest income 994,404 1,283,226
Noninterest expense:    
Salaries and employee benefits 2,341,119 2,298,156
Occupancy expense 289,426 278,638
Equipment expense 190,269 205,431
Data processing expense 353,790 386,763
Amortization of intangible assets 3,906 3,906
Other operating expenses 817,068 727,824
Total noninterest expenses 3,995,578 3,900,718
Income before income taxes 1,231,723 1,373,900
Provision for income taxes (643) 308,596
Net income $ 1,232,366 $ 1,065,304
Earnings per share of common stock:    
Net income, basic $ 0.48 $ 0.42
Net income, diluted 0.48 0.42
Dividends paid per share $ 0.11 $ 0.11
Weighted average shares outstanding 2,544,922 2,547,437
Diluted average shares outstanding 2,544,922 2,547,437