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Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Assets      
Cash and due from banks $ 7,493,524 $ 7,101,352 $ 9,214,503
Interest-bearing deposits in other financial institutions 2,308,117 2,154,817 1,636,194
Federal funds sold 2,569,767 4,024,065 102,772
Cash and cash equivalents 12,371,408 13,280,234 10,953,469
Investment securities available for sale, at fair value 98,790,010 87,993,145 74,313,682
Federal Home Loan Bank stock, at cost 1,203,100 1,327,800 1,452,900
Maryland Financial Bank stock 30,000 30,000 30,000
Ground rents, at cost 163,638 169,200 169,200
Loans, less allowance for credit losses 2015 $3,150,251; 2014 $3,117,870; 2013 $2,972,019; 259,636,706 273,986,237 270,684,120
Premises and equipment, at cost, less accumulated depreciation 3,368,865 3,671,295 3,696,772
Accrued interest receivable on loans and investment securities 1,121,405 1,274,137 1,509,238
Deferred income tax benefits 2,684,611 3,045,235 3,604,461
Other real estate owned 74,400 45,175 1,170,773
Cash value of life insurance 9,357,712 9,138,658 8,914,817
Other assets 1,778,336 668,392 694,142
Total assets 390,580,191 394,629,508 377,193,574
Deposits:      
Noninterest-bearing 93,584,864 88,562,924 86,747,525
Interest-bearing 241,606,666 250,314,368 237,055,831
Total deposits 335,191,530 338,877,292 323,803,356
Long-term borrowings 20,000,000 20,000,000 20,000,000
Dividends payable   276,096 274,737
Accrued interest payable on deposits 39,855 39,823 28,523
Other liabilities 1,172,993 1,605,770 1,503,797
Total liabilities $ 356,404,378 $ 360,798,981 $ 345,610,413
Commitments and contingencies
Stockholders' equity:      
Common stock, par value $1, authorized 15,000,000 shares; issued and outstanding 2015 2,773,361 shares; 2014 2,760,964; 2013 2,747,370 shares; $ 2,773,361 $ 2,760,964 $ 2,747,370
Surplus 9,986,064 9,854,119 9,713,335
Retained earnings 21,718,122 21,112,714 20,300,531
Accumulated other comprehensive (loss) income, net of tax (301,734) 102,730 (1,178,075)
Total stockholders' equity 34,175,813 33,830,527 31,583,161
Total liabilities and stockholders' equity $ 390,580,191 $ 394,629,508 $ 377,193,574