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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest income:      
Interest and fees on loans $ 18,762,728 $ 16,299,091 $ 14,796,649
Interest on debt securities: Taxable 1,363,123 1,286,473 1,170,259
Interest on debt securities: Tax-exempt 1,090,871 1,228,479 1,253,064
Dividends 144,856 102,360 89,840
Interest on deposits in other banks 484,724 195,032 103,244
Interest on certificates of deposit in other banks 47,870 34,879 52
Total interest income 21,894,172 19,146,314 17,413,108
Interest expense:      
Deposits 2,383,524 1,153,609 935,291
Federal funds purchased 1,097 1,068 10
Other short-term borrowings 395,989 224,144 103,567
Long-term debt 541,804 523,344 573,225
Total interest expense 3,322,414 1,902,165 1,612,093
Net interest income 18,571,758 17,244,149 15,801,015
Provision for loan losses 829,500 300,000 160,000
Net interest income after provision for loan losses 17,742,258 16,944,149 15,641,015
Noninterest income:      
Service charges on deposit accounts 1,015,498 1,005,270 1,086,268
Income from trust services 234,649 218,657 209,755
Income from brokerage services 399,278 362,416 342,051
Income from insurance services 1,603,557 1,523,309 1,477,663
Income from mortgage banking services 2,475 155,053 354,627
Net gain (loss) on sale or disposition of assets (79,529) (9,022) 38,165
Net gain (loss) on sale of securities (165,369) 186,610 168,919
Net gain on extinguishment of debt 317,832 0 0
Other income 878,340 870,229 781,811
Total noninterest income 4,206,731 4,312,522 4,459,259
Noninterest expense:      
Salaries and employee benefits 9,724,826 9,250,777 8,765,865
Occupancy expense 1,194,552 1,124,028 1,140,600
Equipment expense 933,485 850,376 860,935
Data processing expense 1,445,215 1,513,630 1,367,569
Amortization of intangible assets 15,625 15,625 15,625
Other operating expenses 3,319,751 3,074,843 2,763,227
Total noninterest expenses 16,633,454 15,829,279 14,913,821
Income before income taxes 5,315,535 5,427,392 5,186,453
Provision for income taxes 668,416 1,619,900 1,152,476
Net income $ 4,647,119 $ 3,807,492 $ 4,033,977
Basic earnings per share:      
Net income $ 1.83 $ 1.49 $ 1.58
Weighted average shares outstanding 2,545,565 2,547,421 2,547,778
Diluted earnings per share:      
Net income $ 1.83 $ 1.49 $ 1.58
Weighted average shares outstanding 2,545,565 2,547,422 2,547,778