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23. Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Note 23. Quarterly Financial Data (Unaudited)

A summary of financial data for the four quarters of 2015 and 2014 is presented below:

 

    Quarters in 2015 ended  
    March 31,     June 30,     Sept. 30,     Dec. 31,  
                         
Interest income   $ 5,866,800     $ 5,751,184     $ 5,939,735     $ 5,848,970  
Interest expense     727,514       672,304       632,470       613,362  
Provision for loan losses     150,000       150,000       75,000       135,000  
Non-interest income     1,212,787       1,304,481       1,299,995       1,332,892  
Non-interest expense     4,696,729       4,779,840       4,531,874       4,802,530  
Net income     1,109,841       1,077,704       1,439,822       1,198,224  
Earnings per common share     0.22       0.21       0.29       0.24  
                                 

 

    Quarters in 2014 ended  
    March 31,     June 30,     Sept. 30,     Dec. 31,  
                         
Interest income   $ 5,618,276     $ 5,714,147     $ 5,829,041     $ 5,788,813  
Interest expense     793,290       777,996       761,009       723,449  
Provision for loan losses     135,000       135,000       135,000       135,000  
Non-interest income     1,313,501       1,337,222       1,244,680       1,246,348  
Non-interest expense     4,712,196       4,488,406       4,411,428       4,417,782  
Net income     1,071,565       1,284,386       1,377,189       1,391,768  
Earnings per common share     0.22       0.26       0.28       0.28