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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Interest Income:      
Loans $ 22,903,299 $ 20,072,107 $ 19,223,161
Mortgage-Backed Securities 5,437,099 4,802,240 4,891,346
Investment Securities 4,658,194 4,869,996 4,250,855
Other 73,483 42,562 22,261
Total Interest Income 33,072,075 29,786,905 28,387,623
Interest Expense:      
NOW and Money Market Accounts 1,164,373 584,425 423,175
Statement Savings Accounts 54,173 41,819 34,488
Certificate Accounts 2,643,555 1,920,182 1,654,190
FHLB Advances and Other Borrowings 670,486 571,810 715,188
Interest Expense, Other 231,958 419,732 77,156
Senior Convertible Debentures 483,520 486,031 486,720
Junior Subordinated Debentures 201,354 151,302 124,875
Total Interest Expense 5,449,419 4,175,301 3,515,792
Net Interest Income 27,622,656 25,611,604 24,871,831
Provision for Loan Losses (925,000) (300,000) (500,000)
Net Interest Income After Provision For Loan Losses 26,697,656 25,311,604 24,371,831
Non-Interest Income:      
Gain on Sale of Investment Securities 573,266 494,146 703,748
Gain on Sale of Loans 1,250,530 1,179,837 956,333
Service Fees on Deposit Accounts 1,060,159 1,048,345 1,040,263
Commissions From Insurance Agency 682,367 584,020 555,608
Trust Income 974,000 796,000 688,000
BOLI Income 540,000 1,160,133 528,000
Check card revenue 1,284,954 1,138,501 994,806
Grant Revenue 343,078 227,282 265,496
Other 960,792 716,019 668,669
Total Non-Interest Income 7,669,146 7,344,283 6,400,923
Non-Interest Expense:      
Compensation and Employee Benefits 15,504,020 14,375,064 13,034,013
Occupancy 2,228,521 2,180,404 1,959,375
Advertising 546,799 596,440 532,660
Depreciation and Maintenance of Equipment 2,307,555 2,057,038 1,961,696
FDIC Insurance Premiums 278,287 185,541 442,050
Net (Recovery) Cost of Operation of OREO (361,513) 9,729 (608,702)
Federal Home Loan Bank, Advances, General Debt Obligations, Disclosures, Repayment and Penalties 0 0 789,306
Payments of FHLBank Borrowings, Financing Activities 0   17,900,000
Other 5,086,386 4,897,871 4,817,220
Total Non-Interest Expense 25,590,055 24,302,087 22,927,618
Income Before Income Taxes 8,776,747 8,353,800 7,845,136
Provision For Income Taxes 1,569,526 2,435,460 1,920,480
income tax expense excluding adjustment   1,829,267  
Write down of deferred tax asset 0 606,193 0
Net Income 7,207,221 5,918,340 5,924,656
Preferred Stock Dividends 0 0 (422,889)
Preferred Stock Redemption Discount 0 0  
Net Income Available To Common Shareholders $ 7,207,221 $ 5,918,340 $ 6,161,767
Net Income Per Common Share (Basic) $ 2.44 $ 2.01 $ 2.09
Net Income Per Common Share (Diluted) 2.32 1.91 1.99
Cash Dividend Per Share On Common Stock $ 0.36 $ 0.36 $ 0.32
Weighted Average Shares Outstanding (Basic) 2,953,446 2,945,918 2,944,001
Weighted Average Shares Outstanding (Diluted) 3,256,646 3,250,069 3,248,572