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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Interest income:    
Loans, including fees $ 16,401,554 $ 15,189,238
Investment securities - taxable 610,951 710,438
Investment securities - tax exempt 570,529 597,919
Federal funds sold and other interest earning assets 185,299 97,208
Total interest income 17,768,333 16,594,803
Interest expense:    
Deposits 2,225,616 1,378,308
Securities sold under repurchase agreements 144,881 161,914
Federal Home Loan Bank advances and other borrowings 136,744 167,018
Total interest expense 2,507,241 1,707,240
Net interest income 15,261,092 14,887,563
Provision for loan losses 475,000 410,000
Net interest income after provision for loan losses 14,786,092 14,477,563
Noninterest income:    
Mortgage banking income 271,767 279,364
Bank owned life insurance income 161,764 170,588
Unrealized loss on equity security (11,429)
Write down of other real estate owned (55,350) (148,500)
Gain on sale of SBA loans 226,026 223,251
Total noninterest income 1,365,273 1,337,094
Noninterest expense:    
Salaries 5,194,871 4,931,432
Employee benefits 1,313,392 1,289,263
Occupancy 706,193 684,173
Furniture and equipment 632,330 644,576
Other 2,485,694 2,473,658
Total noninterest expense 10,332,480 10,023,102
Income before income taxes 5,818,885 5,791,555
Income taxes 1,106,209 2,002,314
Net income $ 4,712,676 $ 3,789,241
Earnings per share - basic and diluted (in dollars per share) $ 2.82 $ 2.28
Deposit Account [Member]    
Noninterest income:    
Noninterest revenue $ 670,653 $ 700,791
Financial Service, Other [Member]    
Noninterest income:    
Noninterest revenue $ 101,842 $ 111,600