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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Interest income on:      
Loans, including fees $ 11,189,838 $ 11,577,254 $ 12,318,461
U.S. Treasury securities 33,501 79,623 27,763
U.S. Government agency securities 1,025,927 744,813 722,587
State and municipal securities 913,114 1,080,824 1,357,355
Corporate trust preferred securities 37,906 21,414
Federal funds sold 46,245 10,132 10,714
Other 72,765 75,097 61,443
Total interest income 13,281,390 13,605,649 14,519,737
Interest expense on:      
Deposits 1,481,132 1,750,074 1,893,314
Short-term borrowings 2 138 134
Long-term borrowings 642,228 640,473 640,474
Total interest expense 2,123,362 2,390,685 2,533,922
Net interest income 11,158,028 11,214,964 11,985,815
Provision for credit losses 868,342 1,695,000 1,020,876
Net interest income after provision for credit losses 10,289,686 9,519,964 10,964,939
Other income:      
Service charges on deposit accounts 323,112 443,247 463,734
Other fees and commissions 866,584 1,308,106 826,945
Gains on the redemption of BOLI policies 222,855
Gains on investment securities, net 2,416 1,037,663 1,155,978
Income on life insurance 214,648 219,054 223,841
Total other income 1,629,615 3,008,070 2,670,498
Other expenses:      
Salaries and wages 5,050,700 4,926,255 4,998,402
Employee benefits 1,161,152 1,565,384 1,633,443
Occupancy 745,092 778,275 806,916
Furniture and equipment 952,585 932,281 925,207
Other expenses 2,992,116 2,728,302 3,048,291
Total other expenses 10,901,645 10,930,497 11,412,259
Income before income taxes 1,017,656 1,597,537 2,223,178
Federal and state income taxes (83,064) 244,921 308,652
Net income $ 1,100,720 $ 1,352,616 $ 1,914,526
Basic and diluted earnings per share of common stock $ 0.40 $ 0.49 $ 0.69