| As of December 31 |
2016 |
2015 |
2014 |
| Total Assets |
$224,836,079 |
$226,427,184 |
$209,480,450 |
| Average Total Assets |
226,532,889 |
218,976,133 |
213,163,386 |
| Total Deposits |
197,750,480 |
199,192,838 |
184,208,867 |
| Gross Loans, Net |
155,033,994 |
138,416,345 |
129,100,202 |
| Allowance for Loan and Lease Losses |
2,657,138 |
2,129,071 |
2,118,859 |
| Investment Securities |
483,877,725 |
56,601,731 |
51,358,083 |
| Shareholders’ Equity |
25,310,293 |
24,277,361 |
23,278,390 |
| Average Shareholders’ Equity |
|
23,779,617 |
23,163,020 |
| Statement of Income |
|
|
|
| Net Interest Income |
$7,673,148 |
$7,242,689 |
$7,022,890 |
| Provision for Loan Losses |
210,000 |
378,000 |
410,000 |
| Non-Interest Income |
830,040 |
1,450,025 |
799,173 |
| Non-Interest Expense |
6,648,944 |
6,704,988 |
6,420,343 |
| Income Tax Expense |
545,283 |
467,500 |
295,925 |
| Net Income |
1,098,961 |
1,142,226 |
695,795 |
| Per Share Data |
|
|
|
| Net Income per Common Share |
$1.16 |
$1.21 |
$0.74 |
| Cash Dividends Declared |
0.25 |
0.25 |
0.59 |
| Book Value per Common Share |
26.36 |
25.60 |
24.66 |
| Ratios |
|
|
|
| Return on Average Assets |
0.49% |
0.52% |
0.33% |
| Return on Average Equity |
4.44 |
4.80 |
3.00 |
| Shareholders’ Equity/Total Assets |
11.26 |
10.72 |
11.11 |
| Allowance for Loan Losses/Gross Loans |
1.71 |
1.51 |
1.61 |
| Total Loans/Total Assets |
68.95 |
62.07 |
62.64 |
| Total Loans/Total Deposits |
78.40 |
70.56 |
71.23 |
