Consolidated Statements of Financial Condition - USD ($)	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 21,106,679	$ 12,592,130
Interest bearing deposits with other banks	61,234,815	8,079,742
Investment securities available for sale, at fair value	434,145,569	444,746,454
Loans, net of allowance for loan losses of $3,805,579 in 2019 and $3,371,695 in 2018	469,692,103	425,905,093
Premises and equipment, net	20,029,997	19,717,305
Other real estate owned, net	3,383,444	3,440,148
Accrued interest receivable	3,596,005	4,165,783
Cash surrender value of life insurance	25,866,655	25,383,931
Deferred tax assets, net	1,899,036	6,633,539
Other assets	8,649,342	7,965,952
TOTAL ASSETS	1,049,603,645	958,630,077
Deposits:
Noninterest-bearing demand	168,317,216	170,029,729
Interest-bearing NOW and money market accounts	326,982,928	298,220,430
Savings deposits	78,474,191	76,735,710
Certificates of deposit	220,539,672	211,235,641
Total deposits	794,314,007	756,221,510
Securities sold under agreement to repurchase	144,502,629	107,965,505
Accrued interest payable	685,777	470,710
Deferred compensation payable	9,336,912	9,052,972
Other liabilities	1,765,255	1,053,063
Total liabilities	950,604,580	874,763,760
SHAREHOLDERS' EQUITY
Common stock, $0.20 par value, 22,500,000 shares authorized, 4,912,030 shares issued and outstanding at September 30, 2019 and 4,904,530 at December 31, 2018	982,406	980,906
Additional paid-in capital	4,419,406	4,298,499
Retained earnings	93,957,055	93,561,515
Accumulated other comprehensive loss, net of tax benefit of $119,614 at September 30, 2019 and $4,978,232 at December 31, 2018	(359,802)	(14,974,603)
Total shareholders' equity	98,999,065	83,866,317
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 1,049,603,645	$ 958,630,077