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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income      
Loans, Including Fees $ 40,681,853 $ 38,613,540 $ 38,942,503
Federal Funds Sold 3
Deposits with Other Banks 409,732 232,397 124,459
Investment Securities:      
U.S. Government Agencies 7,528,962 6,717,827 5,263,741
State, County and Municipal 102,719 115,097 127,379
Corporate 111,763 87,387
Dividends on Other Investments 187,117 150,172 131,007
49,022,146 45,916,423 44,589,089
Interest Expense      
Deposits 6,057,066 4,758,073 4,781,228
Federal Funds Purchased 5,305 2,639 581
Borrowed Money 2,163,148 2,112,017 1,701,522
8,225,519 6,872,729 6,483,331
Net Interest Income 40,796,627 39,043,694 38,105,758
Provision for Loan Losses 200,500 390,000 1,062,000
Net Interest Income After Provision for Loan Losses 40,596,127 38,653,694 37,043,758
Noninterest Income      
Securities Gains (Losses) 115,909 385,223
Other 1,225,660 1,360,309 1,376,860
9,621,330 9,734,565 9,553,754
Noninterest Expenses      
Salaries and Employee Benefits 20,122,843 19,222,594 18,482,693
Occupancy and Equipment 4,180,396 3,947,941 3,970,244
Directors’ Fees 291,400 298,100 348,755
Legal and Professional Fees 1,320,653 1,169,938 1,067,563
Foreclosed Property 204,705 363,519 1,143,518
FDIC Assessment 358,222 386,823 603,654
Advertising 337,527 349,722 609,892
Software and Data Processing 1,420,482 1,192,025 1,112,065
Telephone 738,193 813,592 737,063
ATM/Card Processing 1,510,322 1,467,411 1,136,122
Other 4,815,044 4,648,163 4,861,400
35,299,787 33,859,828 34,072,969
Income Before Income Taxes 14,917,670 14,528,431 12,524,543
Income Taxes 3,000,270 6,777,453 3,851,333
Net Income 11,917,400 7,750,978 8,673,210
Preferred Stock Dividends 210,600 1,493,310
Net Income Available to Common Stockholders $ 11,917,400 $ 7,540,378 $ 7,179,900
Net Income Per Share of Common Stock      
Basic (in dollars per share) $ 1.41 $ 0.89 $ 0.85
Diluted (in dollars per share) 1.40 0.87 0.84
Cash Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.20 $ 0.10 $ 0
Weighted Average Shares Outstanding, Basic (in shares) 8,439,454 8,439,258 8,439,258
Weighted Average Shares Outstanding, Diluted (in shares) 8,538,608 8,633,581 8,513,295
Deposit Account [Member]      
Noninterest Income      
Non interest revenue from banking services $ 4,373,854 $ 4,466,997 $ 4,307,214
Bank Servicing [Member]      
Noninterest Income      
Non interest revenue from banking services 3,253,922 3,048,601 2,802,651
Mortgage Banking [Member]      
Noninterest Income      
Non interest revenue from banking services $ 651,985 $ 858,658 $ 681,806