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Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)
Total
Common Stock
Preferred Stock
Additional Paid-In Capital
Retained Earnings
AOCI
Treasury Stock
Balance, amount at Dec. 31, 2018 $ 62,603,711 $ 13,455,258 $ 2,000,000 $ 32,536,532 $ 17,882,282 $ (647,584) $ (2,622,777)
Issuance of common stock 313,026 49,415   263,611      
Cash dividends declared Common stock (983,122)       (983,122)    
Cash dividends declared Preferred stock (27,500)       (27,500)    
Redemption of preferred stock (500,000)   (500,000)        
Net income 1,771,905       1,771,905    
Other comprehensive income 451,690         451,690  
Balance, amount at Mar. 31, 2019 63,629,710 13,504,673 1,500,000 32,800,143 18,643,565 (195,894) (2,622,777)
Balance, amount at Dec. 31, 2018 62,603,711 13,455,258 2,000,000 32,536,532 17,882,282 (647,584) (2,622,777)
Net income 6,453,146            
Other comprehensive income 962,715            
Balance, amount at Sep. 30, 2019 67,321,288 13,582,023 1,500,000 33,239,064 21,307,847 315,131 (2,622,777)
Balance, amount at Mar. 31, 2019 63,629,710 13,504,673 1,500,000 32,800,143 18,643,565 (195,894) (2,622,777)
Issuance of common stock 276,489 41,825   234,664      
Cash dividends declared Common stock (986,368)       (986,368)    
Cash dividends declared Preferred stock (20,625)       (20,625)    
Net income 2,419,298       2,419,298    
Other comprehensive income 353,470         353,470  
Balance, amount at Jun. 30, 2019 65,671,974 13,546,498 1,500,000 33,034,807 20,055,870 157,576 (2,622,777)
Issuance of common stock 239,782 35,525   204,257      
Cash dividends declared Common stock (989,341)       (989,341)    
Cash dividends declared Preferred stock (20,625)       (20,625)    
Net income 2,261,943       2,261,943    
Other comprehensive income 157,555         157,555  
Balance, amount at Sep. 30, 2019 67,321,288 13,582,023 1,500,000 33,239,064 21,307,847 315,131 (2,622,777)
Balance, amount at Dec. 31, 2019 68,894,679 13,624,643 1,500,000 33,464,381 22,667,949 260,483 (2,622,777)
Issuance of common stock 254,277 40,465   213,812      
Cash dividends declared Common stock (995,536)       (995,536)    
Cash dividends declared Preferred stock (17,813)       (17,813)    
Net income 1,861,239       1,861,239    
Other comprehensive income 586,646         586,646  
Balance, amount at Mar. 31, 2020 70,583,492 13,665,108 1,500,000 33,678,193 23,515,839 847,129 (2,622,777)
Balance, amount at Dec. 31, 2019 68,894,679 13,624,643 1,500,000 33,464,381 22,667,949 260,483 (2,622,777)
Net income 7,583,992            
Other comprehensive income 711,315            
Balance, amount at Sep. 30, 2020 74,930,305 13,775,780 1,500,000 34,093,154 27,212,350 971,798 (2,622,777)
Balance, amount at Mar. 31, 2020 70,583,492 13,665,108 1,500,000 33,678,193 23,515,839 847,129 (2,622,777)
Issuance of common stock 261,887 47,752   214,135      
Cash dividends declared Common stock (998,899)       (998,899)    
Cash dividends declared Preferred stock (12,187)       (12,187)    
Net income 2,842,311       2,842,311    
Other comprehensive income 163,962         163,962  
Balance, amount at Jun. 30, 2020 72,840,566 13,712,860 1,500,000 33,892,328 25,347,064 1,011,091 (2,622,777)
Issuance of common stock 263,746 62,920   200,826      
Cash dividends declared Common stock (1,002,969)       (1,002,969)    
Cash dividends declared Preferred stock (12,188)       (12,188)    
Net income 2,880,443       2,880,443    
Other comprehensive income (39,293)         (39,293)  
Balance, amount at Sep. 30, 2020 $ 74,930,305 $ 13,775,780 $ 1,500,000 $ 34,093,154 $ 27,212,350 $ 971,798 $ (2,622,777)