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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Details        
Interest Income $ 61,655,769 $ 54,159,741 $ 179,429,799 $ 162,769,606
Interest Expense 5,944,752 5,177,617 17,031,188 15,729,069
NET INTEREST INCOME 55,711,017 48,982,124 162,398,611 147,040,537
Provision for loan losses 9,720,108 10,814,520 23,853,439 41,516,788
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 45,990,909 38,167,604 138,545,172 105,523,749
NET INSURANCE INCOME        
Premiums and Commissions 13,700,612 11,938,124 39,236,865 37,101,468
Insurance Claims and Expenses 4,070,160 3,860,750 12,189,831 11,346,453
Total Net Insurance Income 9,630,452 8,077,374 27,047,034 25,755,015
OTHER REVENUE 1,693,871 1,370,467 4,457,156 3,474,611
OTHER OPERATING EXPENSES:        
Personnel Expense 28,876,677 25,797,192 86,266,090 73,673,815
Occupancy Expense 4,382,379 4,444,692 13,086,943 13,266,163
Other Expense 12,770,720 11,975,315 35,670,630 34,012,355
Operating Expenses, Total 46,029,776 42,217,199 135,023,663 120,952,333
INCOME BEFORE INCOME TAXES 11,285,456 5,398,246 35,025,699 13,801,042
Provision for Income Taxes 1,060,890 812,734 2,901,579 2,460,583
Net Income (Loss) $ 10,224,566 $ 4,585,512 $ 32,124,120 $ 11,340,459
BASIC AND DILUTED EARNINGS PER SHARE        
170,000 Shares Outstanding for All Periods (1,700 voting, 168,300 non-voting) $ 60.14 $ 26.97 $ 188.97 $ 66.71