Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 17,073,112	$ 14,906,529
Federal funds sold and overnight deposits	29,525,448	53,028,286
Total cash and cash equivalents	46,598,560	67,934,815
Securities available-for-sale	42,579,295	39,366,831
Restricted equity securities, at cost	1,379,850	1,749,450
Loans held-for-sale	1,322,338	0
Loans	604,107,288	578,450,517
Allowance for loan losses	(5,883,642)	(5,602,541)
Deferred net loan costs	360,390	363,614
Net loans	598,584,036	573,211,590
Bank premises and equipment, net	10,928,528	9,713,455
Accrued interest receivable	2,161,899	2,300,841
Bank owned life insurance	4,880,813	4,814,099
Goodwill	11,574,269	11,574,269
Other real estate owned	73,448	201,386
Other assets	9,148,905	9,480,762
Total assets	729,231,941	720,347,498
Deposits:
Demand, non-interest bearing	128,574,014	122,430,805
Interest-bearing transaction accounts	167,089,977	177,815,417
Money market funds	96,309,501	85,261,685
Savings	98,240,128	93,129,875
Time deposits, $250,000 and over	13,929,934	14,395,291
Other time deposits	102,243,694	115,783,492
Total deposits	606,387,248	608,816,565
Borrowed funds	1,550,000	1,550,000
Repurchase agreements	35,769,931	30,521,565
Junior subordinated debentures	12,887,000	12,887,000
Accrued interest and other liabilities	5,316,474	3,968,657
Total liabilities	661,910,653	657,743,787
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, 15 and 20 shares issued and outstanding in 2019 and 2018, respectively ($100,000 liquidation value)	1,500,000	2,000,000
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,432,809 shares issued at 09/30/19 and 5,382,103 shares issued at 12/31/18	13,582,023	13,455,258
Additional paid-in capital	33,239,064	32,536,532
Retained earnings	21,307,847	17,882,282
Accumulated other comprehensive income (loss)	315,131	(647,584)
Less: treasury stock, at cost; 210,101 shares at 09/30/19 and 12/31/18	(2,622,777)	(2,622,777)
Total shareholders' equity	67,321,288	62,603,711
Total liabilities and shareholders' equity	$ 729,231,941	$ 720,347,498
Book value per common share outstanding	$ 12.6	$ 11.72