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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
NET INCOME (LOSS) $ (342,984) $ 1,592,573 $ 1,012,761 $ 3,021,814
OTHER ITEMS OF COMPREHENSIVE INCOME:        
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes (391,138) 812,311 (1,689,930) 1,448,165
Change in unrealized gain on interest rate swaps, before income taxes 502,917 227,642 1,768,729 227,642
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes 10,388 (62,274) 7,205 (62,274)
Total other items of comprehensive income 122,167 977,679 86,004 1,613,533
Income tax expense related to other items of comprehensive income 31,151 361,742 21,930 597,008
Other comprehensive income 91,016 615,937 64,074 1,016,525
TOTAL COMPREHENSIVE INCOME (LOSS) $ (251,968) $ 2,208,510 $ 1,076,835 $ 4,038,339