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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Net income $ 1,883,383 $ 2,428,499 $ 3,988,228 $ 4,548,863
OTHER ITEMS OF COMPREHENSIVE INCOME:        
Change in unrealized gain on investment securities available-for-sale, before income taxes 1,652,778 1,147,130 2,670,332 2,720,097
Change in unrealized loss on interest rate swaps, before income taxes (403,272) (1,750,356) (4,005,915) (2,842,843)
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes (135,293) (78,911) (163,192) (48,263)
Total other items of comprehensive income (loss) 1,114,213 (682,137) (1,498,775) (171,009)
Income tax expense (benefit) related to other items of comprehensive income 267,777 (77,877) (359,352) 52,460
Other comprehensive income (loss) 846,436 (604,260) (1,139,423) (223,469)
TOTAL COMPREHENSIVE INCOME $ 2,729,819 $ 1,824,239 $ 2,848,805 $ 4,325,394