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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities      
Net Income $ 11,917,400 $ 7,750,978 $ 8,673,210
Adjustments to Reconcile Net Income to Net Cash Provided from Operating Activities      
Depreciation 1,786,652 1,647,813 1,574,249
Amortization and Accretion 1,176,224 1,449,111 1,645,088
Provision for Loan Losses 200,500 390,000 1,062,000
Share-based Compensation Expense 13,890
Deferred Income Taxes 273,176 2,833,958 222,120
Securities (Gains) Losses (115,909) (385,223)
(Gain) Loss on Sale of Premises and Equipment (305) (10,735) 80,329
(Gain) Loss on Sale of Other Real Estate and Repossessions (309,077) (208,329) 160,682
Provision for Losses on Other Real Estate 262,041 333,767 501,736
Increase in Cash Surrender Value of Life Insurance (508,946) (1,669,424) (589,408)
Provision for Losses on Premises & Equipment 172,143
Change In      
Interest Receivable (217,491) (90,204) 176,766
Prepaid Expenses 266,806 139,382 (372,380)
Interest Payable 38,573 21,188 (46,284)
Accrued Expenses and Accounts Payable 1,418 361,005 (252,617)
Other (45,858) (403,375) 938,223
14,911,237 12,545,135 13,388,491
Cash Flows from Investing Activities      
Interest-Bearing Deposits in Other Banks (15,110,861) 11,677,144 (7,729,560)
Purchase of Investment Securities Available for Sale (63,682,791) (87,160,178) (109,634,793)
Proceeds from Sale of Investment Securities Available for Sale 11,267,642 0 25,209,851
Proceeds from Maturities, Calls and Paydowns of Investment Securities Available for Sale 50,422,396 54,587,986 54,868,726
Proceeds from Sale of Premises and Equipment 22,581 37,650 89,551
Net Loans to Customers 2,395,928 (14,459,526) (2,167,126)
Purchase of Premises and Equipment (2,762,585) (1,344,898) (3,259,859)
Proceeds from Sale of Other Real Estate and Repossessions 3,002,508 3,863,576 7,529,131
Proceeds from Sale of Federal Home Loan Bank Stock 65,000
Purchase of Federal Home Loan Bank Stock (32,900) (279,500)
Net Cash and Cash Equivalents Paid in Acquisition (10,043,452)
(24,423,634) (32,831,146) (35,373,579)
Cash Flows from Financing Activities      
Interest-Bearing Customer Deposits (445,146) (8,240,418) 7,629,930
Noninterest-Bearing Customer Deposits 5,552,700 31,869,295 25,172,362
Proceeds from Other Borrowed Money 44,007,500 10,015,500 10,000,000
Principal Payments on Other Borrowed Money (47,507,500) (8,515,500) (4,000,000)
Dividends Paid on Preferred Stock (315,900) (1,590,746)
Redemption of Preferred Stock (9,360,000) (8,661,000)
Repurchase of Warrants (3,175,000)
Dividends Paid on Common Stock (1,688,417) (843,934)
(3,255,863) 14,609,043 28,550,546
Net Increase (Decrease) in Cash and Cash Equivalents (12,768,260) (5,676,968) 6,565,458
Cash and Cash Equivalents, Beginning 23,145,136 28,822,104 22,256,646
Cash and Cash Equivalents, Ending $ 10,376,876 $ 23,145,136 $ 28,822,104