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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest Income      
Loans $ 23,564,766 $ 23,254,863 $ 23,885,654
Investment securities 1,483,772 1,627,460 1,794,717
Other 141,096 131,991 175,127
25,189,634 25,014,314 25,855,498
Interest Expense      
Deposits 2,423,871 2,329,090 2,859,598
Federal Home Loan Bank advances 1,196,393 1,202,383 1,295,121
Subordinated debentures 538,785 533,207 537,178
Securities sold under agreements to repurchase 120,833 264,625 405,597
4,279,882 4,329,305 5,097,494
Net Interest Income 20,909,752 20,685,009 20,758,004
Provision for Loan Losses 600,000 1,275,000 1,550,000
Net Interest Income After Provision for Loan Losses 20,309,752 19,410,009 19,208,004
Noninterest Income      
Service charges 1,214,880 1,264,027 1,196,597
Gain on sale of investment securities 187,090 34,163 219,845
Gain on sale of mortgage loans held for sale 1,570,997 981,603 1,444,318
Gain on sale of Small Busines Administration loans 344,818    
Gain on sale of state low-income housing tax credits     1,441,012
Net loss on foreclosed assets (164,663) (213,239) (275,223)
Other income 1,499,589 1,351,910 1,292,922
4,652,711 3,418,464 5,319,471
Noninterest Expense      
Salaries and employee benefits 9,805,337 8,895,353 9,058,789
Occupancy 1,904,886 1,697,190 1,752,162
FDIC deposit insurance premiums 447,044 448,675 562,163
Prepayment penalty on repurchase agreements 463,992   1,510,000
Data processing 790,928 685,028 687,630
Advertising 525,000 425,004 425,004
Other expense 2,847,180 2,782,019 2,775,979
16,784,367 14,933,269 16,771,727
Income Before Income Taxes 8,178,096 7,895,204 7,755,748
Provision for Income Taxes 2,461,329 2,112,508 2,516,041
Net Income 5,716,767 5,782,696 5,239,707
Preferred Stock Dividends and Discount Accretion   357,210 794,520
Net Income Available to Common Shareholders $ 5,716,767 $ 5,425,486 $ 4,445,187
Basic Income Per Common Share (in Dollars per share) $ 1.32 $ 1.35 $ 1.63
Diluted Income Per Common Share (in Dollars per share) $ 1.30 $ 1.33 $ 1.58