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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Cash and due from banks $ 22,750,013 $ 34,616,880
Interest-bearing deposits in financial institutions and federal funds sold 119,643,061 108,947,624
Securities available-for-sale 548,817,733 479,843,448
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,148,191 3,138,900
Loans receivable, net 1,159,063,052 1,048,147,496
Loans held for sale 2,797,141 2,776,785
Bank premises and equipment, net 17,295,829 17,810,605
Accrued income receivable 12,172,766 11,788,409
Other real estate owned 620,909 4,003,684
Bank-owned life insurance 2,897,480 2,842,713
Deferred income taxes, net 0 1,151,016
Intangible assets, net 3,309,239 3,959,260
Goodwill 12,424,434 12,114,559
Other assets 5,455,601 6,041,126
Total assets 1,910,395,449 1,737,182,505
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing checking 337,487,550 267,441,988
Interest-bearing checking 504,329,496 461,857,728
Savings and money market 548,918,915 481,642,221
Time, $250,000 and over 66,910,762 74,206,421
Other time 202,526,378 208,026,740
Total deposits 1,660,173,101 1,493,175,098
Securities sold under agreements to repurchase 30,492,436 42,033,570
FHLB advances 3,000,000 5,000,000
Dividends payable 0 2,213,459
Deferred income taxes, net 1,697,985 0
Accrued expenses and other liabilities 8,995,285 7,180,906
Total liabilities 1,704,358,807 1,549,603,033
STOCKHOLDERS' EQUITY    
Common stock, $2 par value, authorized 18,000,000 shares; issued and outstanding 9,122,747 and 9,222,747 as of September 30, 2020 and December 31, 2019, respectively 18,245,494 18,445,494
Additional paid-in capital 17,001,736 18,794,141
Retained earnings 155,300,906 146,225,085
Accumulated other comprehensive income 15,488,506 4,114,752
Total stockholders' equity 206,036,642 187,579,472
Total liabilities and stockholders' equity $ 1,910,395,449 $ 1,737,182,505