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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
NET INCOME $ 1,592,573 $ 1,256,152 $ 3,021,814 $ 2,532,757
OTHER ITEMS OF COMPREHENSIVE INCOME:        
Change in unrealized gain on investment securities available-for-sale, before income taxes 812,311 1,588,158 1,448,165 2,447,064
Change in unrealized gain on interest rate swaps, before income taxes 227,642 227,642
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes (62,274) (60,375) (62,274) (111,405)
Total other items of comprehensive income 977,679 1,527,783 1,613,533 2,335,659
Income tax expense related to other items of comprehensive income 361,742 565,280 597,008 864,193
Other comprehensive income 615,937 962,503 1,016,525 1,471,466
TOTAL COMPREHENSIVE INCOME $ 2,208,510 $ 2,218,655 $ 4,038,339 $ 4,004,223