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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Interest Income:    
Loans $ 5,389,487 $ 4,747,478
Mortgage-Backed Securities 1,315,420 1,122,067
Investment Securities 1,060,666 1,113,582
Other 8,248 20,198
Total Interest Income 7,773,821 7,003,325
Interest Expense:    
NOW and Money Market Accounts 187,205 133,232
Statement Savings Accounts 11,553 9,272
Certificate Accounts 537,561 425,787
FHLB Advances and Other Borrowed Money 191,022 121,284
Interest Expense, Other 76,671 111,947
Senior Convertible Debentures 121,280 121,680
Junior Subordinated Debentures 43,685 34,734
Total Interest Expense 1,168,977 957,936
Net Interest Income 6,604,844 6,045,389
Provision For Loan Losses 0 0
Net Interest Income After Provision For Loan Losses 6,604,844 6,045,389
Non-Interest Income:    
Gain on Sale of Investment Securities 436,304 583,391
Gain on Sale of Loans 286,003 280,368
Service Fees on Deposit Accounts 257,179 240,885
Commissions From Insurance Agency 179,225 153,992
Trust Income 232,500 182,000
BOLI Income 135,000 120,000
Check Card Fee Income 307,046 270,992
Other 210,763 165,721
Total Non-Interest Income 2,044,020 1,997,349
Non-Interest Expense:    
Compensation and Employee Benefits 3,809,124 3,511,487
Occupancy 551,268 518,052
Advertising 188,672 135,535
Depreciation and Maintenance of Equipment 540,297 465,564
Federal Deposit Insurance Corporation (FDIC) Insurance Premiums 66,786 64,674
Net Cost (Benefit) of Operation of OREO 38,733 (119,104)
Other 1,324,066 1,252,730
Total Non-Interest Expense 6,518,946 5,828,938
Income Before Income Taxes 2,129,918 2,213,800
Provision For Income Taxes 399,801 585,182
Net Income 1,730,117 1,628,618
Net Income $ 1,730,117 $ 1,628,618
Net Income Per Common Share (Basic) $ 0.59 $ 0.55
Net Income Per Common Share (Diluted) 0.56 0.52
Cash Dividend Per Share on Common Stock $ 0.09 $ 0.09
Weighted Average Shares Outstanding (Basic) 2,953,180 2,944,001
Weighted Average Shares Outstanding (Diluted) 3,257,532 3,250,549