Consolidated Balance Sheets - USD ($)	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 5,114,067	$ 5,818,955
Interest-bearing demand deposits in other financial institutions	87,557,842	28,302,687
Cash and cash equivalents	92,671,909	34,121,642
Interest-bearing time deposits at other financial institutions	250,000	250,000
Available-for-sale securities	118,245,314	86,266,197
Stock in Federal Home Loan Bank, at cost	3,757,500	5,387,200
Mortgage loans held for sale	2,786,564	1,516,849
Loans receivable, net of allowance for loan losses of December 31, 2019 and 2018 - $7,607,587 and $7,995,569, respectively	720,732,402	778,298,606
Accrued interest receivable	3,511,875	3,390,944
Prepaid expenses and other assets	8,862,954	6,261,159
Goodwill	1,434,982	1,434,982
Core deposit intangible	2,503,910	2,980,910
Foreclosed assets held for sale	991,885	1,126,963
Premises and equipment, net	19,164,496	20,095,161
Operating lease right-of-use asset	9,052,941
Bank owned life insurance	24,698,438	20,198,074
Deferred and receivable income taxes	3,359,455	3,809,183
	1,012,024,625	965,137,870
LIABILITIES
Deposits	821,406,532	749,618,822
Federal Home Loan Bank advances	65,000,000	105,300,000
Subordinated debentures	15,465,000	21,760,829
Note payable to bank	11,200,000	5,000,000
Advances from borrowers for taxes and insurance	268,200	289,808
Accrued expenses and other liabilities	4,153,762	1,868,008
Operating lease liabilities	9,105,503
Accrued interest payable	793,746	821,811
	927,392,743	884,659,278
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued December 31, 2019 and 2018 - 6,919,503 and 6,902,003 shares; respectively	691,950	690,200
Additional paid-in capital	51,908,867	51,382,585
Retained earnings, substantially restricted	72,860,750	65,829,687
Accumulated other comprehensive loss	(431,035)	(452,756)
	125,030,532	117,449,716
Treasury stock, at cost; December 31, 2019 and 2018 - 2,582,041 and 2,443,522 shares, respectively	(40,398,650)	(36,971,124)
	84,631,882	80,478,592
	$ 1,012,024,625	$ 965,137,870