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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 5,716,767 $ 5,782,696 $ 5,239,707
Items not requiring (providing) cash:      
Deferred income taxes 320,738 657,573 983,526
Depreciation 918,441 755,937 822,316
Provision for loan losses 600,000 1,275,000 1,550,000
Gain on sale of Small Business Administration loans (344,818)    
Gain on sale of mortgage loans held for sale and investment securities (1,758,087) (1,015,766) (1,664,163)
Loss on sale of foreclosed assets 104,670 131,840 163,161
Gain on sale of state low-income housing tax credits     (1,441,012)
Amortization of deferred income, premiums and discounts, net 704,985 825,906 555,665
Stock award plans 285,589 242,189 254,508
Origination of loans held for sale (56,515,986) (34,694,993) (49,231,796)
Proceeds from sale of loans held for sale 57,398,682 35,085,396 53,871,439
Increase in cash surrender value of bank owned life insurance (362,695) (373,523) (386,217)
Changes in:      
Prepaid FDIC deposit insurance premiums     1,438,636
Accrued interest receivable 43,366 (177,417) 202,728
Prepaid expenses and other assets 1,005,159 1,006,688 691,294
Accrued expenses and other liabilities (69,305) (185,259) 368,229
Income taxes receivable/payable (208,412) 183,722 406,036
Net cash provided by operating activities 7,839,094 9,499,989 13,824,057
CASH FLOWS FROM INVESTING ACTIVITIES      
Net change in loans (4,870,934) (23,700,987) (1,304,007)
Principal payments on held-to-maturity securities 17,894 18,169 101,880
Principal payments on available-for-sale securities 10,445,669 9,698,931 10,582,593
Purchase of available-for-sale securities (55,150,017) (40,823,180) (53,316,013)
Proceeds from sales of available-for-sale securities 33,059,741 41,759,062 31,225,169
Proceeds from maturities of available-for-sale securities   3,151,000 10,250,000
Purchase of premises and equipment (856,106) (471,980) (422,626)
Proceeds from sale of state low-income housing tax credits     1,441,012
Purchase of bank owned life insurance (4,000,000)    
(Purchase) redemption of Federal Home Loan Bank stock 319,400 (271,800) 920,400
Proceeds from sale of foreclosed assets held for sale 797,876 657,431 436,783
Net cash used in investing activities (20,236,477) (9,983,354) (84,809)
CASH FLOWS FROM FINANCING ACTIVITIES      
Net increase (decrease) in demand deposits, NOW accounts and savings accounts 43,000,898 (4,908,937) 13,745,911
Net decrease in certificates of deposit (5,433,485) (2,591,720) (26,441,687)
Net decrease in securities sold under agreements to repurchase (10,000,000)   (15,000,000)
Proceeds from FHLB and Federal Reserve advances   8,000,000 3,000,000
Repayments of FHLB and Federal Reserve advances (8,250,000) (3,000,000) (15,700,000)
Proceeds from issuance of common stock   15,814,312  
Advances from (repayments to) borrowers for taxes and insurance 46,869 (5,684) (3,199)
Repurchase of stock warrants     (2,003,250)
Redemption of preferred stock   (12,000,000)  
Stock options exercised 187,129 210,870 9,408
Common and preferred cash dividends paid (873,499) (844,786) (600,000)
Treasury stock purchased     (106,636)
Net cash provided by (used in) financing activities 18,677,912 674,055 (43,099,453)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,280,529 190,690 (29,360,205)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 12,493,890 12,303,200 41,663,405
CASH AND CASH EQUIVALENTS, END OF YEAR 18,774,419 12,493,890 12,303,200
Supplemental Cash Flows Information      
Real estate acquired in settlement of loans 190,026 371,971 705,070
Interest paid 4,325,925 4,337,521 5,246,817
Income taxes paid, net of (refunds) 1,445,000 360,000 241,000
Sale and financing of foreclosed assets held for sale $ 61,200 $ 239,229 $ 812,877