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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
ASSETS    
Cash and due from banks $ 24,818,619 $ 34,616,880
Interest-bearing deposits in financial institutions and federal funds sold 166,704,001 108,947,624
Securities available-for-sale 596,999,072 479,843,448
Federal Home Loan Bank (FHLB) and Federal Reserve Bank (FRB) stock, at cost 3,147,500 3,138,900
Loans receivable, net 1,129,505,157 1,048,147,496
Loans held for sale 1,620,801 2,776,785
Bank premises and equipment, net 17,340,250 17,810,605
Accrued income receivable 11,142,897 11,788,409
Other real estate owned 217,856 4,003,684
Bank-owned life insurance 2,915,715 2,842,713
Deferred income taxes, net 0 1,151,016
Other intangible assets, net 3,133,240 3,959,260
Goodwill 12,424,434 12,114,559
Other assets 5,678,201 6,041,126
Total assets 1,975,647,743 1,737,182,505
LIABILITIES AND STOCKHOLDERS' EQUITY    
Noninterest-bearing checking 349,500,268 267,441,988
Interest-bearing checking 528,795,635 461,857,728
Savings and money market 581,223,880 481,642,221
Time, $250,000 and over 60,019,296 74,206,421
Other time 196,907,101 208,026,740
Total deposits 1,716,446,180 1,493,175,098
Securities sold under agreements to repurchase 37,293,019 42,033,570
FHLB advances 3,000,000 5,000,000
Dividends payable 0 2,213,459
Deferred income taxes, net 1,731,211 0
Accrued expenses and other liabilities 7,690,907 7,180,906
Total liabilities 1,766,161,317 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 shares as of December 31, 2020 and 2019, respectively 18,245,494 18,445,494
Additional paid-in capital 17,001,736 18,794,141
Retained earnings 158,216,626 146,225,085
Accumulated other comprehensive income 16,022,570 4,114,752
Total stockholders' equity 209,486,426 187,579,472
Total liabilities and stockholders' equity $ 1,975,647,743 $ 1,737,182,505