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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Interest income    
Interest and fees on loans $ 21,717,394 $ 21,423,462
Interest on debt securities    
Taxable 441,808 343,554
Tax-exempt 1,113,250 1,079,093
Dividends 116,943 90,784
Interest on federal funds sold and overnight deposits 17,294 13,384
Total interest income 23,406,689 22,950,277
Interest expense    
Interest on deposits 2,078,239 2,515,078
Interest on federal funds purchased and other borrowed funds 88,483 76,250
Interest on repurchase agreements 69,496 62,405
Interest on junior subordinated debentures 409,432 402,011
Total interest expense 2,645,650 3,055,744
Net interest income 20,761,039 19,894,533
Provision for loan losses 510,000 540,000
Net interest income after provision for loan losses 20,251,039 19,354,533
Non-interest income    
Service fees 2,565,079 2,624,792
Income from sold loans 947,325 977,702
Other income from loans 738,454 593,093
Net realized gain on sale of securities available-for-sale 17,502 27,838
Other income 881,795 918,326
Total non-interest income 5,150,155 5,141,751
Non-interest expense    
Salaries and wages 6,888,352 6,475,000
Employee benefits 2,576,772 2,257,354
Occupancy expenses, net 2,576,496 2,466,714
Other expenses 6,769,353 6,386,912
Total non-interest expense 18,810,973 17,585,980
Income before income taxes 6,590,221 6,910,304
Income tax expense 1,764,630 1,785,396
Net income $ 4,825,591 $ 5,124,908
Earnings per common share $ 0.96 $ 1.03
Weighted average number of common shares used in computing earnings per share 4,961,972 4,897,281
Dividends declared per common share $ 0.64 $ 0.64
Book value per common share outstanding $ 9.79 $ 9.43