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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
NET INCOME $ 6,832,214 $ 9,415,090 $ 7,331,879
OTHER ITEMS OF COMPREHENSIVE INCOME:      
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 4,239,526 3,018,580 (1,130,514)
Change in unrealized gain (loss) on interest rate swaps, before income taxes (3,312,874) (2,899,860) 791,465
Less: Reclassification adjustment for realized (gains) losses on investment securities included in net income, before income taxes (461,029) (89,564) 8,091
Total other items of comprehensive income (loss) 465,623 29,156 (330,958)
Income tax expense (benefit) related to other items of comprehensive income 87,966 7,435 (84,395)
Other comprehensive income (loss) 377,657 21,721 (246,563)
TOTAL COMPREHENSIVE INCOME $ 7,209,871 $ 9,436,811 $ 7,085,316