Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 11,765,205	$ 10,263,535
Federal funds sold and overnight deposits	39,735,821	38,298,677
Total cash and cash equivalents	51,501,026	48,562,212
Securities available-for-sale	45,187,971	45,966,750
Restricted equity securities, at cost	1,412,850	1,431,850
Loans held-for-sale	1,243,739	0
Loans	738,247,772	606,988,937
Allowance for loan losses	(6,788,108)	5,926,491
Deferred net loan (fees) costs	(2,253,038)	362,415
Net loans	729,206,626	601,424,861
Bank premises and equipment, net	10,340,761	10,959,403
Accrued interest receivable	3,210,191	2,336,553
Bank owned life insurance	4,965,520	4,903,012
Goodwill	11,574,269	11,574,269
Other real estate owned	0	966,738
Other assets	10,210,139	9,829,671
Total assets	868,853,092	737,955,319
Deposits:
Demand, non-interest bearing	183,583,813	125,089,403
Interest-bearing transaction accounts	217,659,947	185,102,333
Money market funds	106,051,718	91,463,661
Savings	119,973,153	97,167,652
Time deposits, $250,000 and over	16,339,635	14,565,559
Other time deposits	99,410,788	101,632,760
Total deposits	743,019,054	615,021,368
Borrowed funds	2,800,000	2,650,000
Repurchase agreements	30,597,648	33,189,848
Junior subordinated debentures	12,887,000	12,887,000
Accrued interest and other liabilities	4,619,085	5,312,424
Total liabilities	793,922,787	669,060,640
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, 15 shares issued and outstandingat 09/30/20 and 12/31/19 ($100,000 liquidation value, per share)	1,500,000	1,500,000
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,510,312shares issued at 09/30/20 and 5,449,857 shares issued at 12/31/19	13,775,780	13,624,643
Additional paid-in capital	34,093,154	33,464,381
Retained earnings	27,212,350	22,667,949
Accumulated other comprehensive income	971,798	260,483
Less: treasury stock, at cost; 210,101 shares at 09/30/20 and 12/31/19	(2,622,777)	(2,622,777)
Total shareholders' equity	74,930,305	68,894,679
Total liabilities and shareholders' equity	$ 868,853,092	$ 737,955,319
Book value per common share outstanding	$ 13.85	$ 12.86