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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest Income      
Loans $ 23,314,776 $ 23,564,766 $ 23,254,863
Investment securities 1,895,395 1,483,772 1,627,460
Other 179,155 141,096 131,991
25,389,326 25,189,634 25,014,314
Interest Expense      
Deposits 2,283,982 2,423,871 2,329,090
Federal Home Loan Bank advances 1,313,620 1,196,393 1,202,383
Subordinated debentures 579,410 538,785 533,207
Securities sold under agreements to repurchase 120,833 264,625
4,177,012 4,279,882 4,329,305
Net Interest Income 21,212,314 20,909,752 20,685,009
Provision for Loan Losses 1,375,000 600,000 1,275,000
Net Interest Income After Provision for Loan Losses 19,837,314 20,309,752 19,410,009
Noninterest Income      
Service charges 1,134,664 1,214,880 1,264,027
Gain on sale of investment securities 192,537 187,090 34,163
Gain on sale of mortgage loans held for sale 1,708,478 1,396,358 913,258
Gain on sale of Small Busines Administration loans 297,462 344,818
Net gain (loss) on foreclosed assets 1,270 (164,663) (213,239)
Other income 1,535,796 1,499,589 1,351,910
4,870,207 4,478,072 3,350,119
Noninterest Expense      
Salaries and employee benefits 10,686,564 9,805,337 8,895,353
Occupancy 1,827,209 1,904,886 1,697,190
FDIC deposit insurance premiums 350,475 447,044 448,675
Prepayment penalty on repurchase agreements 463,992
Data processing 889,575 790,928 685,028
Advertising 525,000 525,000 425,004
Other expense 2,821,923 2,672,541 2,713,674
17,100,746 16,609,728 14,864,924
Income Before Income Taxes 7,606,775 8,178,096 7,895,204
Provision for Income Taxes 2,012,764 2,461,329 2,112,508
Net Income 5,594,011 5,716,767 5,782,696
Preferred Stock Dividends and Discount Accretion 357,210
Net Income Available to Common Shareholders $ 5,594,011 $ 5,716,767 $ 5,425,486
Basic Income Per Common Share (in dollars per share) $ 1.28 $ 1.32 $ 1.35
Diluted Income Per Common Share (in dollars per share) $ 1.27 $ 1.30 $ 1.33