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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest income:    
Interest and fees on loans $ 5,121,187 $ 4,293,240
Interest on taxable securities available for sale 334,433 288,646
Interest on taxable securities held to maturity 54,058 28,147
Interest on tax exempt securities 237,772 291,004
Dividends 26,857 31,947
Interest on deposits in other banks 170,893 117,828
Interest on certificates of deposit in other banks 16,846 11,565
Total interest income 5,962,046 5,062,377
Interest expense:    
Interest on deposits 1,050,306 372,473
Interest on federal funds purchased 6 6
Interest on other short-term borrowings 35,986 115,668
Interest on long-term debt 109,422 125,833
Total interest expense 1,195,720 613,980
Net interest income 4,766,326 4,448,397
Provision for loan losses 115,908 215,500
Net interest income after provision for loan losses 4,650,418 4,232,897
Noninterest income:    
Service charges on deposit accounts 238,149 224,589
Income from trust services 56,606 58,833
Income from retail brokerage services 106,748 88,395
Income from insurance services 436,649 388,239
Income from mortgage banking services 0 620
Net gain (loss) on sale or disposition of assets 898 (7,155)
Net gain on extinguishment of debt 143,031 0
Other income 254,966 240,883
Total noninterest income 1,237,047 994,404
Noninterest expense:    
Salaries and employee benefits 2,496,204 2,341,119
Occupancy expense 314,509 289,426
Equipment expense 308,020 190,269
Data processing expense 403,553 353,790
Amortization of intangible assets 3,907 3,906
Other operating expenses 889,398 817,068
Total noninterest expenses 4,415,591 3,995,578
Income before income taxes 1,471,874 1,231,723
Provision for (benefit from) income taxes 243,168 (643)
Net income $ 1,228,706 $ 1,232,366
Earnings per share of common stock:    
Net income, basic $ 0.48 $ 0.48
Net income, diluted 0.48 0.48
Dividends paid per share $ 0.12 $ 0.11
Weighted average shares outstanding 2,545,776 2,544,922
Diluted average shares outstanding 2,545,776 2,544,922