Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 14,050,682	$ 11,143,494
Interest-bearing deposits in other banks	21,448,110	22,994,927
Cash and cash equivalents	35,498,792	34,138,421
Certificates of deposit in other banks	2,732,000	1,985,000
Investment securities available for sale, at fair value	58,313,577	54,263,261
Investment securities to be held to maturity (fair value approximates $37,010,327 and $45,147,800)	36,827,073	44,590,841
Federal Home Loan Bank stock, at cost	1,820,300	2,438,200
Loans, net of allowance for loan losses of $3,428,869 and $3,043,632	373,321,368	327,129,758
Premises and equipment, net	14,573,974	12,249,518
Bank property held for sale	0	211,500
Foreclosed assets, net	127,605	758,878
Intangible assets	3,907	19,532
Bank owned life insurance	6,779,242	6,553,318
Other assets	4,835,329	4,734,148
Total assets	534,833,167	489,072,375
Deposits:
Interest bearing business checking	28,070,871	0
NOW accounts	35,816,115	25,871,273
Money market	158,730,044	129,040,471
Savings	31,848,588	30,793,864
Certificates of deposit $250,000 and over	16,264,681	22,662,235
Other time accounts	81,214,376	60,969,445
Total interest-bearing deposits	351,944,675	269,337,288
Noninterest-bearing deposits	103,694,910	127,668,471
Total deposits	455,639,585	397,005,759
Short-term borrowed funds	10,457,143	17,971,429
Long-term debt	21,171,429	29,057,143
Other liabilities	3,946,066	3,895,058
Total liabilities	491,214,223	447,929,389
Shareholders' equity:
Common stock - $1 par value, 5,000,000 shares authorized, 2,545,776 shares and 4,293,835 shares issued for 2018 and 2017	2,545,776	4,293,835
Additional paid-in capital	18,418,995	31,701,533
Retained earnings	24,841,569	33,020,030
Accumulated other comprehensive loss	(2,187,396)	(1,629,619)
Treasury stock, at cost, 0 shares for 2018 and 1,752,330 for 2017	0	(26,242,793)
Total shareholders' equity	43,618,944	41,142,986
Total liabilities and shareholders' equity	$ 534,833,167	$ 489,072,375