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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Net Income $ 2,163,803 $ 2,924,142 $ 3,712,834 $ 6,102,934
Interest and Fee Income, Loans and Leases 6,205,296 6,293,533    
Investment Income, Interest and Dividend 3,128,220 2,422,321    
Other Interest and Dividend Income 54,047     1,547
Total Interest Income 9,387,563 8,717,401    
Interest Expense, Customer Deposits 397,630      
Interest Expense, Subordinated Notes and Debentures 393,750 393,750    
Interest Expense, Junior Subordinated Debentures 35,213     24,400
Interest Expense 843,813 978,375    
Interest Income (Expense), Net 8,543,750 7,739,026    
Provision for Loan and Lease Losses 0     (735,000)
Interest Income (Expense), after Provision for Loan Loss 8,543,750     8,474,026
Gain (Loss) on Sales of Loans, Net 510,931 1,018,934    
Service Fees on Deposit Accounts 271,887 219,174    
Insurance Commissions and Fees 245,769 149,923    
Trust Income 355,673 337,343    
Check card revenue 704,133 610,626    
Grant Revenue 170,699 0    
Noninterest Income, Other Operating Income 229,664 186,492    
Noninterest Income 2,637,718     $ 2,687,492
Professional Fees 169,231 161,404    
Compensation and Employee Benefits 4,904,606 4,518,180    
Occupancy 694,650 659,532    
Advertising Expense 279,596 195,837    
Depreciation 806,490 770,894    
Federal Deposit Insurance Corporation Premium Expense 84,183 72,720    
Other Revenue (Expense) from Real Estate Operations   (67,173)    
Other 1,069,716 $ 818,402    
Total Non-Interest Expense $ 8,428,549      
Weighted Average Number of Shares Outstanding, Basic 3,252,884 3,252,884    
Income (Loss) from Continuing Operations before Income Taxes, Domestic $ 2,752,919 $ 3,715,462    
Income Tax Expense (Benefit) $ 589,116 $ 791,320    
Earnings Per Share, Basic $ 0.67 $ 0.90 $ 0.67 $ 0.90
Common Stock, Dividends, Per Share, Cash Paid     $ 0.40 $ 0.11
Interest Income:        
Interest and Fee Income, Loans and Leases $ 6,205,296 $ 6,293,533    
Investment Income, Interest and Dividend 3,128,220 2,422,321    
Other Interest and Dividend Income 54,047     $ 1,547
Interest and Dividend Income, Operating, Total 9,387,563 8,717,401    
Interest Expense [Abstract]        
Interest Expense, Other 17,220 149,223    
Interest Expense, Subordinated Notes and Debentures 393,750 393,750    
Interest Expense, Junior Subordinated Debentures 35,213     24,400
Interest Expense, Total 843,813 978,375    
Interest Income (Expense), Net, Total 8,543,750 7,739,026    
Provision for Loan and Lease Losses 0     (735,000)
Interest Income (Expense), after Provision for Loan Loss, Total 8,543,750     8,474,026
Noninterest Income [Abstract]        
Gain (Loss) on Sales of Loans, Net 510,931 1,018,934    
Service Fees on Deposit Accounts 271,887 219,174    
Insurance Commissions and Fees 245,769 149,923    
Trust Income 355,673 337,343    
Grant Revenue 170,699 0    
Check card revenue 704,133 610,626    
Noninterest Income, Other Operating Income 229,664 186,492    
Noninterest Income, Total 2,637,718     2,687,492
General and Administrative Expense [Abstract]        
Compensation and Employee Benefits 4,904,606 4,518,180    
Occupancy 694,650 659,532    
Advertising Expense 279,596 195,837    
Federal Deposit Insurance Corporation Premium Expense 84,183 72,720    
Net Recovery from Operation of OREO   67,173    
Other 1,069,716 818,402    
General and Administrative Expense, Total 8,428,549      
Income (Loss) from Continuing Operations before Income Taxes, Domestic 2,752,919 3,715,462    
Income Tax Expense (Benefit) 589,116 791,320    
Net Income 2,163,803 2,924,142 $ 3,712,834 $ 6,102,934
Net Income $ 2,163,803 $ 2,924,142    
Earnings Per Share, Basic $ 0.67 $ 0.90 $ 0.67 $ 0.90
Common Stock, Dividends, Per Share, Cash Paid     $ 0.40 $ 0.11
Weighted Average Number of Shares Outstanding, Basic 3,252,884 3,252,884