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v3.19.1

Consolidated Statements of Comprehensive Income - USD ($) | 12 Months Ended
--- | ---
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016
Net income | $ 43,119,699 | $ 35,706,507 | $ 27,686,787
Other comprehensive income (loss): |  |  |
Unrealized holding gains (losses) arising during the period before tax | (4,464,294) | 1,257,289 | 4,258,154
Less reclassification adjustment for gains (losses) included in net income before tax |  | (87,885) | 4,592,398
Unrealized gains (losses) on securities available for sale | (3,609,255) | 1,345,174 | (334,244)
Unrealized holding gains (losses) arising during the period before tax | (1,199,062) | (69,827) | (279,497)
Less reclassification adjustment for ineffectiveness and caplet amortization before tax | (602,654) | (484,891) | (75,290)
Unrealized gains (losses) on derivatives | (596,408) | 415,064 | (204,207)
Other comprehensive income (loss), before tax | (4,205,663) | 1,760,238 | (538,451)
Tax expense (benefit) | (1,000,164) | 668,085 | (202,691)
Other comprehensive income (loss), net of tax | (3,205,499) | 1,092,153 | (335,760)
Comprehensive income | 39,914,200 | $ 36,798,660 | $ 27,351,027
ASU 2016-01 |  |  |
Other comprehensive income (loss): |  |  |
Less reclassification adjustment for adoption of ASU 2016-01 | $ 855,039 |  |

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