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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income:    
Loans, including fees $ 12,587,014 $ 10,701,429
Securities:    
Taxable 1,821,240 1,488,852
Tax-exempt 909,897 1,100,574
Other interest and dividend income 517,312 237,568
Total interest income 15,835,463 13,528,423
Interest expense:    
Deposits 2,650,366 2,358,832
Other borrowed funds 139,172 199,214
Total interest expense 2,789,538 2,558,046
Net interest income 13,045,925 10,970,377
Provision for loan losses 2,316,155 98,094
Net interest income after provision for loan losses 10,729,770 10,872,283
Noninterest income:    
Securities gains, net 386,015
Gain on sale of loans held for sale 266,740 172,726
Other noninterest income 250,171 236,931
Total noninterest income 2,631,192 1,925,708
Noninterest expense:    
Salaries and employee benefits 5,775,196 4,715,828
Data processing 1,191,052 891,381
Occupancy expenses, net 691,186 599,005
FDIC insurance assessments 100,229
Professional fees 343,724 388,846
Business development 264,143 268,597
Intangible asset amortization 217,223 163,664
New market tax credit projects amortization 145,381
Other operating expenses, net 422,144 329,206
Total noninterest expense 9,050,049 7,456,756
Income before income taxes 4,310,913 5,341,235
Provision for income taxes 756,400 1,103,800
Net income $ 3,554,513 $ 4,237,435
Basic and diluted earnings per share (in dollars per share) $ 0.39 $ 0.46
Common Stock, Dividends, Per Share, Declared (in dollars per share) $ 0.25 $ 0.24
Fiduciary and Trust [Member]    
Noninterest income:    
Noninterest income $ 861,733 $ 784,614
Financial Service [Member]    
Noninterest income:    
Noninterest income 440,693 370,296
Credit and Debit Card [Member]    
Noninterest income:    
Noninterest income $ 425,840 $ 361,141