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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Consolidated Statements of Comprehensive Income (Unaudited)        
Net income $ 2,880,443 $ 2,261,943 $ 7,583,992 $ 6,453,146
Other comprehensive income, net of tax:        
Unrealized holding (loss) gain on securities AFS arising during the period (49,737) 199,767 939,486 1,218,958
Reclassification adjustment for gain realized in income 0 (331) (39,086) (331)
Unrealized (loss) gain during the period (49,737) 199,436 900,400 1,218,627
Tax effect 10,444 (41,881) (189,085) (255,912)
Other comprehensive (loss) income, net of tax (39,293) 157,555 711,315 962,715
Total comprehensive income $ 2,841,150 $ 2,419,498 $ 8,295,307 $ 7,415,861