XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Net Income $ 1,549,031 $ 3,178,792
Interest and Fee Income, Loans and Leases 6,096,686 6,483,879
Investment Income, Interest and Dividend 2,600,958 2,612,066
Other Interest and Dividend Income 2,216 1,502
Total Interest Income 8,699,860 9,097,447
Interest Expense, Customer Deposits 345,067  
Interest Expense, Subordinated Notes and Debentures 393,750 393,750
Interest Expense, Junior Subordinated Debentures 26,039 24,619
Interest Expense 794,639 1,077,599
Interest Income (Expense), Net 7,905,221 8,019,848
Provision for Loan and Lease Losses 0 (870,000)
Interest Income (Expense), after Provision for Loan Loss 7,905,221 8,889,848
Gain (Loss) on Sales of Loans, Net 713,893 1,071,481
Service Fees on Deposit Accounts 257,491 231,934
Insurance Commissions and Fees 139,504 130,503
Trust Income 364,746 309,139
Check card revenue 717,267 519,843
Noninterest Income, Other Operating Income 253,182 345,752
Noninterest Income 2,603,324 2,773,652
Professional Fees 164,750 168,910
Compensation and Employee Benefits 5,056,620 4,869,246
Occupancy 712,786 621,282
Advertising Expense 260,333 199,402
Depreciation 720,661 802,847
Federal Deposit Insurance Corporation Premium Expense 112,042 68,616
Other Revenue (Expense) from Real Estate Operations   (103,667)
Other 944,519 $ 724,385
Total Non-Interest Expense $ 8,594,844  
Weighted Average Number of Shares Outstanding, Basic 3,252,884 3,252,884
Income (Loss) from Continuing Operations before Income Taxes, Domestic $ 1,913,701 $ 4,053,816
Income Tax Expense (Benefit) $ 364,670 $ 875,024
Earnings Per Share, Basic $ 0.48 $ 0.98
Common Stock, Dividends, Per Share, Cash Paid $ 0.12 $ 0.11
Interest Income:    
Interest and Fee Income, Loans and Leases $ 6,096,686 $ 6,483,879
Investment Income, Interest and Dividend 2,600,958 2,612,066
Other Interest and Dividend Income 2,216 1,502
Interest and Dividend Income, Operating, Total 8,699,860 9,097,447
Interest Expense [Abstract]    
Interest Expense, Other 29,783 189,163
Interest Expense, Subordinated Notes and Debentures 393,750 393,750
Interest Expense, Junior Subordinated Debentures 26,039 24,619
Interest Expense, Total 794,639 1,077,599
Interest Income (Expense), Net, Total 7,905,221 8,019,848
Provision for Loan and Lease Losses 0 (870,000)
Interest Income (Expense), after Provision for Loan Loss, Total 7,905,221 8,889,848
Noninterest Income [Abstract]    
Gain (Loss) on Sales of Loans, Net 713,893 1,071,481
Service Fees on Deposit Accounts 257,491 231,934
Insurance Commissions and Fees 139,504 130,503
Trust Income 364,746 309,139
Check card revenue 717,267 519,843
Noninterest Income, Other Operating Income 253,182 345,752
Noninterest Income, Total 2,603,324 2,773,652
General and Administrative Expense [Abstract]    
Compensation and Employee Benefits 5,056,620 4,869,246
Occupancy 712,786 621,282
Advertising Expense 260,333 199,402
Federal Deposit Insurance Corporation Premium Expense 112,042 68,616
Net Recovery from Operation of OREO   103,667
Other 944,519 724,385
General and Administrative Expense, Total 8,594,844  
Income (Loss) from Continuing Operations before Income Taxes, Domestic 1,913,701 4,053,816
Income Tax Expense (Benefit) 364,670 875,024
Net Income 1,549,031 3,178,792
Net Income $ 1,549,031 $ 3,178,792
Earnings Per Share, Basic $ 0.48 $ 0.98
Common Stock, Dividends, Per Share, Cash Paid $ 0.12 $ 0.11
Weighted Average Number of Shares Outstanding, Basic 3,252,884 3,252,884