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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net income $ 3,703,548 $ 6,736,654 $ 7,588,901
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 1,003,381 980,514 1,040,207
Amortization of premiums and accretion of discounts on investment securities, net 3,316,537 2,536,692 1,208,954
Stock compensation expense 210,735 186,425 117,300
Provision for loan losses (543,138) (65,056) 556,687
Gain on sale of securities (104,708) (112,881) (17,503)
Federal Home Loan Bank stock dividends (22,000) (13,000) (4,500)
Deferred income tax expense (benefit) 3,885,194 673,977 (86,251)
Net writedown on other real estate owned 413,740 226,828 156,053
Decrease (increase) in accrued interest receivable 269,466 (792,128) (58,124)
Increase in cash surrender value life insurance (722,446) (756,689) (786,043)
(Decrease) Increase in accrued interest payable (1,185) 19,373 (10,722)
Increase in deferred compensation liability 411,463 490,803 508,930
Net change in other operating assets and liabilities (1,200,936) (32,599) 188,128
Net cash provided by operating activities 10,619,652 10,078,913 10,402,017
Cash flows from investing activities      
Proceeds from calls, paydowns and maturities of securities available-for-sale 42,390,364 130,181,028 41,493,768
Proceeds from calls of securities held-to-maturity   172,359,945 47,853,733
Proceeds from sales of securities available-for-sale 114,060,844 764,023 5,758,795
Purchases of investment securities available-for-sale (162,449,043) (379,291,499) (135,229,379)
Purchases of bank premises, furniture, fixtures and equipment (2,910,848) (988,907) (455,668)
Proceeds from sale of other real estate owned 137,722 1,090,031 1,192,328
Net (increase) decrease in interest bearing deposits with other banks 47,070,762 (6,335,405) 19,213,446
Proceeds from redemption of Federal Home Loan Bank Stock     150,700
Purchases of Federal Home Loan Bank Stock (498,700) (3,600)  
Net decrease (increase) in loans (11,787,672) 30,837,979 (40,117,134)
Net cash provided (used) by investing activities 26,013,429 (51,386,405) (60,139,411)
Cash flows from financing activities      
Net (decrease) increase in deposits (39,469,242) 6,749,953 57,310,894
Net increase in federal funds purchased 1,500,000    
Net change in securities sold under agreement to repurchase (7,784,975) 45,984,731 (10,128,588)
Proceeds from exercise of stock options 92,625   27,000
Stock repurchase     (390,205)
Excess tax benefit on stock option exercises     1,001
Dividends paid to stockholders (4,697,056) (4,686,325) (4,540,748)
Federal Home Loan Bank advances 10,000,000    
Net cash provided by financing activities (40,358,648) 48,048,359 42,279,354
Net increase (decrease) in cash and due from banks (3,725,567) 6,740,867 (7,458,040)
Cash and due from banks, beginning of year 21,688,557 14,947,690 22,405,730
Cash and due from banks, end of year 17,962,990 21,688,557 14,947,690
Supplemental disclosures of cash flow information      
Interest 3,343,724 3,078,184 3,087,601
Income taxes 1,781,790 1,692,201 2,301,698
Noncash disclosures      
Real estate acquired by foreclosure $ 88,579 $ 2,187,125 $ 869,564