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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net income $ 2,516,182 $ 1,883,383 $ 4,732,198 $ 3,988,228
OTHER ITEMS OF COMPREHENSIVE INCOME:        
Change in unrealized gain (loss) on investment securities available-for-sale, before income taxes 2,482,283 1,652,778 (583,103) 2,670,332
Change in unrealized gain (loss) on interest rate swaps, before income taxes 65,823 (403,272) 1,477,796 (4,005,915)
Less: Reclassification adjustment for realized losses (gains) on investment securities included in net income, before income taxes 5,553 (135,293) (66,660) (163,192)
Total other items of comprehensive income (loss) 2,553,659 1,114,213 828,033 (1,498,775)
Income tax expense (benefit) related to other items of comprehensive income 612,878 267,777 198,728 (359,352)
Other comprehensive income (loss) 1,940,781 846,436 629,305 (1,139,423)
TOTAL COMPREHENSIVE INCOME $ 4,456,963 $ 2,729,819 $ 5,361,503 $ 2,848,805