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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Interest income on:      
Loans, including fees $ 11,577,254 $ 12,318,461 $ 12,673,230
U.S. Treasury securities 79,623 27,763  
U.S. Government agency securities 744,813 722,587 871,287
State and municipal securities 1,080,824 1,357,355 1,656,670
Corporate trust preferred securities 37,906 21,414 33,428
Federal funds sold 10,132 10,714 3,027
Other 75,097 61,443 44,223
Total interest income 13,605,649 14,519,737 15,281,865
Interest expense on:      
Deposits 1,750,074 1,893,314 2,014,327
Short-term borrowings 138 134 7,004
Long-term borrowings 640,473 640,474 640,474
Total interest expense 2,390,685 2,533,922 2,661,805
Net interest income 11,214,964 11,985,815 12,620,060
Provision for credit losses 1,695,000 1,020,876 260,000
Net interest income after provision for credit losses 9,519,964 10,964,939 12,360,060
Other income:      
Service charges on deposit accounts 443,247 463,734 595,729
Other fees and commissions 1,308,106 826,945 825,859
Gains on investment securities, net 1,037,663 1,155,978 345,331
Income on life insurance 219,054 223,841 234,297
Total other income 3,008,070 2,670,498 2,001,216
Other expenses:      
Salaries and wages 4,926,255 4,998,402 4,963,600
Employee benefits 1,565,384 1,633,443 1,788,995
Occupancy 778,275 806,916 785,850
Furniture and equipment 932,281 925,207 842,099
Other expenses 2,728,302 3,048,291 2,717,119
Total impairment losses on investment securities     124,984
Portion of impairment losses recognized in other comprehensive income (before taxes)     (109,403)
Net impairment loss on investment securities     15,581
Total other expenses 10,930,497 11,412,259 11,113,244
Income before income taxes 1,597,537 2,223,178 3,248,032
Federal and state income taxes 244,921 308,652 633,855
Net income $ 1,352,616 $ 1,914,526 $ 2,614,177
Basic and diluted earnings per share of common stock $ 0.49 $ 0.69 $ 0.95