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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Details        
Interest Income $ 58,680,422 $ 52,463,312 $ 117,774,030 $ 108,609,865
Interest Expense 5,583,211 5,128,758 11,086,436 10,551,452
NET INTEREST INCOME 53,097,211 47,334,554 106,687,594 98,058,413
Provision for loan losses 7,539,369 12,561,600 14,133,331 30,702,268
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 45,557,842 34,772,954 92,554,263 67,356,145
NET INSURANCE INCOME        
Premiums and Commissions 12,488,744 11,936,547 25,536,253 25,163,344
Insurance Claims and Expenses 3,915,137 3,825,274 8,119,671 7,485,703
Total Net Insurance Income 8,573,607 8,111,273 17,416,582 17,677,641
OTHER REVENUE 1,638,207 933,720 2,763,285 2,104,144
OTHER OPERATING EXPENSES:        
Personnel Expense 28,239,753 24,236,205 57,389,413 47,876,623
Occupancy Expense 4,327,920 4,334,687 8,704,564 8,821,471
Other Expense 11,469,799 9,679,126 22,899,910 22,037,040
Operating Expenses, Total 44,037,472 38,250,018 88,993,887 78,735,134
INCOME BEFORE INCOME TAXES 11,732,184 5,567,929 23,740,243 8,402,796
Provision for Income Taxes 961,009 702,503 1,840,689 1,647,849
Net Income (Loss) $ 10,771,175 $ 4,865,426 $ 21,899,554 $ 6,754,947
BASIC AND DILUTED EARNINGS PER SHARE        
170,000 Shares Outstanding for All Periods (1,700 voting, 168,300 non-voting) $ 63.36 $ 28.62 $ 128.82 $ 39.73