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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income      
Loans, Including Fees $ 38,613,540 $ 38,942,503 $ 39,716,269
Federal Funds Sold 3 14,561
Deposits with Other Banks 232,397 124,459 79,735
U.S. Government Agencies 6,717,827 5,263,741 4,235,207
State, County and Municipal 115,097 127,379 107,638
Corporate 87,387
Dividends on Other Investments 150,172 131,007 122,070
45,916,423 44,589,089 44,275,480
Interest Expense      
Deposits 4,758,073 4,781,228 4,856,673
Federal Funds Purchased 2,639 581 26
Borrowed Money 2,112,017 1,701,522 1,712,548
6,872,729 6,483,331 6,569,247
Net Interest Income 39,043,694 38,105,758 37,706,233
Provision for Loan Losses 390,000 1,062,000 865,500
Net Interest Income After Provision for Loan Losses 38,653,694 37,043,758 36,840,733
Noninterest Income      
Service Charges on Deposits 4,466,997 4,307,214 4,268,438
Other Service Charges, Commissions and Fees 3,040,262 2,802,651 2,627,157
Mortgage Fee Income 858,658 681,806 527,187
Securities Gains (Losses) 385,223 (11,466)
Other 1,368,648 1,376,860 1,633,205
9,734,565 9,553,754 9,044,521
Noninterest Expenses      
Salaries and Employee Benefits 19,222,594 18,482,693 17,589,631
Occupancy and Equipment 3,947,941 3,970,244 3,989,347
Directors’ Fees 298,100 348,755 358,291
Legal and Professional Fees 893,938 791,563 737,731
Foreclosed Property 363,519 1,143,518 1,682,783
FDIC Assessment 386,823 603,654 899,302
Advertising 349,722 609,892 624,844
Software 1,192,025 1,112,065 992,593
Telephone 813,592 737,063 710,038
ATM/Card Processing 1,467,411 1,136,122 1,061,262
Other 4,924,163 5,137,400 5,078,932
33,859,828 34,072,969 33,724,754
Income Before Income Taxes 14,528,431 12,524,543 12,160,500
Income Taxes 6,777,453 3,851,333 3,787,803
Net Income 7,750,978 8,673,210 8,372,697
Preferred Stock Dividends 210,600 1,493,310 2,375,010
Net Income Available to Common Stockholders $ 7,540,378 $ 7,179,900 $ 5,997,687
Net Income Per Share of Common Stock      
Basic (in dollars per share) $ 0.89 $ 0.85 $ 0.71
Diluted (in dollars per share) 0.87 0.84 0.71
Cash Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.10 $ 0 $ 0
Weighted Average Shares Outstanding, Basic (in shares) 8,439,258 8,439,258 8,439,258
Weighted Average Shares Outstanding, Diluted (in shares) 8,633,581 8,513,295 8,458,461