Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 12,123,191	$ 14,050,682
Interest-bearing deposits in other banks	25,507,442	21,448,110
Cash and cash equivalents	37,630,633	35,498,792
Certificates of deposit in other banks	2,730,000	2,732,000
Investment securities available for sale, at fair value	67,825,863	58,313,577
Investment securities to be held to maturity (fair value approximates $26,117,580 and $37,010,327)	25,486,961	36,827,073
Federal Home Loan Bank stock, at cost	1,714,600	1,820,300
Loans, net of allowance for loan losses of $3,604,348 and $3,428,869	394,460,827	373,321,368
Premises and equipment, net	13,847,369	14,573,974
Foreclosed assets, net	273,873	127,605
Intangible assets	0	3,907
Bank owned life insurance	6,913,103	6,779,242
Other assets	4,253,039	4,835,329
Total assets	555,136,268	534,833,167
Deposits:
Interest bearing business checking	27,897,114	28,070,871
NOW accounts	24,237,635	35,816,115
Money market	181,199,224	158,730,044
Savings	33,554,780	31,848,588
Certificates of deposit $250,000 and over	25,082,708	16,264,681
Other time accounts	67,580,453	81,214,376
Total interest-bearing deposits	359,551,914	351,944,675
Noninterest-bearing deposits	113,882,249	103,694,910
Total deposits	473,434,163	455,639,585
Short-term borrowed funds	5,814,286	10,457,143
Long-term debt	22,678,571	21,171,429
Other liabilities	2,718,271	3,946,066
Total liabilities	504,645,291	491,214,223
Shareholders' equity:
Common stock - $1 par value, 5,000,000 shares authorized, 2,548,510 shares and 2,545,776 shares issued for 2019 and 2018	2,548,510	2,545,776
Additional paid-in capital	18,478,955	18,418,995
Retained earnings	28,910,043	24,841,569
Accumulated other comprehensive gain (loss)	553,469	(2,187,396)
Total shareholders' equity	50,490,977	43,618,944
Total liabilities and shareholders' equity	$ 555,136,268	$ 534,833,167