XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
NET INCOME (LOSS) $ 2,428,499 $ (342,984) $ 4,548,863 $ 1,012,761
OTHER ITEMS OF COMPREHENSIVE INCOME:        
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 1,147,130 (391,138) 2,720,097 (1,689,930)
Change in unrealized gain (loss) on interest rate swaps, before income taxes (1,750,356) 502,917 (2,842,843) 1,768,729
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes (78,911) 10,388 (48,263) 7,205
Total other items of comprehensive income (682,137) 122,167 (171,009) 86,004
Income tax expense (benefit) related to other items of comprehensive income (77,877) 31,151 52,460 21,930
Other comprehensive income (loss) (604,260) 91,016 (223,469) 64,074
TOTAL COMPREHENSIVE INCOME (LOSS) $ 1,824,239 $ (251,968) $ 4,325,394 $ 1,076,835