XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
NET INCOME $ 2,216,016 $ 2,104,845
OTHER ITEMS OF COMPREHENSIVE INCOME:    
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes (3,065,386) 1,017,554
Change in unrealized gain (loss) on interest rate swaps, before income taxes 1,411,973 (3,602,643)
Less: Reclassification adjustment for realized gains on investment securities included in net income, before income taxes (72,213) (27,899)
Total other items of comprehensive loss (1,725,626) (2,612,988)
Income tax benefit related to other items of comprehensive income (414,150) (627,129)
Other comprehensive loss (1,311,476) (1,985,859)
TOTAL COMPREHENSIVE INCOME $ 904,540 $ 118,986