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Consolidated Statements of Income - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2017
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest Income:        
Loans   $ 20,072,107 $ 19,223,161 $ 18,428,185
Mortgage-Backed Securities   4,802,240 4,891,346 5,273,457
Investment Securities   4,869,996 4,250,855 4,196,609
Other   42,562 22,261 7,501
Total Interest Income $ 7,620,000 29,786,905 28,387,623 27,905,752
Interest Expense:        
NOW and Money Market Accounts   584,425 423,175 429,539
Statement Savings Accounts   41,819 34,488 30,315
Certificate Accounts   1,920,182 1,654,190 1,811,651
FHLB Advances and Other Borrowings   571,810 715,188 1,336,620
Interest Expense, Other   419,732 77,156 0
Senior Convertible Debentures   486,031 486,720 486,720
Junior Subordinated Debentures   151,302 124,875 104,334
Total Interest Expense 1,103,000 4,175,301 3,515,792 4,199,179
Net Interest Income 6,517,000 25,611,604 24,871,831 23,706,573
Provision for Loan Losses (200,000) (300,000) (500,000) 0
Net Interest Income After Provision For Loan Losses 6,317,000 25,311,604 24,371,831 23,706,573
Non-Interest Income:        
Gain on Sale of Investment Securities   494,146 703,748 1,886,081
Gain on Sale of Loans   1,179,837 956,333 689,843
Service Fees on Deposit Accounts   1,048,345 1,040,263 1,076,102
Commissions From Insurance Agency   584,020 555,608 472,145
Trust Income   796,000 688,000 608,800
BOLI Income   1,160,133 528,000 423,000
Check Card Fee Income   1,138,501 994,806 969,710
Revenue from Grants   227,282 265,496 229,848
Other   716,019 668,669 651,720
Total Non-Interest Income 1,552,000 7,344,283 6,400,923 7,007,249
Non-Interest Expense:        
Compensation and Employee Benefits   14,375,064 13,034,013 12,180,420
Occupancy   2,180,404 1,959,375 1,903,288
Advertising   596,440 532,660 416,322
Depreciation and Maintenance of Equipment   2,057,038 1,961,696 1,706,397
FDIC Insurance Premiums   185,541 442,050 611,157
Net Cost (Recovery) of Operation of OREO   9,729 (608,702) 524,345
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties   0 789,306 787,851
Repayments of Federal Home Loan Bank Borrowings   0 17,900,000 15,000,000
Other   4,897,871 4,817,220 4,401,016
Total Non-Interest Expense 6,038,000 24,302,087 22,927,618 22,530,796
Income Before Income Taxes 1,831,000 8,353,800 7,845,136 8,183,026
Provision For Income Taxes 316,000 2,435,460 1,920,480 2,067,099
Write down of deferred tax asset 606,000 606,193    
Net Income $ 909,000 5,918,340 5,924,656 6,115,927
Preferred Stock Dividends   0 (422,889) (440,000)
Preferred Stock Redemption Discount   0 660,000  
Net Income Available To Common Shareholders   $ 5,918,340 $ 6,161,767 $ 5,675,927
Net Income Per Common Share (Basic) $ 0.31 $ 2.01 $ 2.09 $ 1.93
Net Income Per Common Share (Diluted) $ 0.30 1.91 1.99 1.84
Cash Dividend Per Share On Common Stock   $ 0.36 $ 0.32 $ 0.32
Weighted Average Shares Outstanding (Basic) 2,947,235 2,945,918 2,944,001 2,944,001
Weighted Average Shares Outstanding (Diluted) 3,251,598 3,250,069 3,248,572 3,248,312