Consolidated Statements of Cash Flows - USD ($)
|
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Cash Flows from Operating Activities |
|
|
|
| Net Income |
$ 8,673,210
|
$ 8,372,697
|
$ 7,531,625
|
| Adjustments to Reconcile Net Income to Net Cash Provided from Operating Activities |
|
|
|
| Depreciation |
1,574,249
|
1,657,229
|
1,595,253
|
| Amortization and Accretion |
1,609,339
|
1,797,152
|
1,312,857
|
| Provision for Loan Losses |
1,062,000
|
865,500
|
1,308,000
|
| Deferred Income Taxes |
222,120
|
625,436
|
1,932,950
|
| Securities (Gains) Losses |
(385,223)
|
11,466
|
(23,735)
|
| (Gain) Loss on Sale of Premises and Equipment |
80,329
|
11,047
|
(12,489)
|
| Loss on Sale of Other Real Estate and Repossessions |
160,682
|
600,663
|
828,411
|
| Provision for Losses on Other Real Estate |
501,736
|
453,148
|
1,006,827
|
| Increase in Cash Surrender Value of Life Insurance |
(589,408)
|
(299,010)
|
(590,674)
|
| Change In |
|
|
|
| Interest Receivable |
176,766
|
(354,274)
|
55,786
|
| Prepaid Expenses |
(372,380)
|
278,637
|
(64,633)
|
| Interest Payable |
(46,284)
|
32,253
|
(1,099,756)
|
| Accrued Expenses and Accounts Payable |
(252,617)
|
(202,343)
|
197,195
|
| Other |
973,972
|
217,686
|
788,958
|
|
13,388,491
|
14,067,287
|
14,766,575
|
| Cash Flows from Investing Activities |
|
|
|
| Interest-Bearing Deposits in Other Banks |
(7,729,560)
|
(17,409,260)
|
754,252
|
| Purchase of Investment Securities Available for Sale |
(109,634,793)
|
(102,336,227)
|
(56,201,891)
|
| Proceeds from Sale of Investment Securities Available for Sale |
25,209,851
|
28,273,634
|
13,620,956
|
| Proceeds from Maturities, Calls and Paydowns of Investment Securities |
|
|
|
| Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Available for Sale |
54,868,726
|
51,423,541
|
36,440,646
|
| Proceeds from Maturities, Calls, and Paydowns of Investment Securities: Held for Maturity |
|
9,734
|
12,968
|
| Proceeds from Sale of Premises and Equipment |
89,551
|
28,608
|
14,376
|
| Net Loans to Customers |
(2,167,126)
|
(21,255,018)
|
(3,156,342)
|
| Purchase of Premises and Equipment |
(3,259,859)
|
(3,189,969)
|
(1,681,115)
|
| Proceeds from Sale of Other Real Estate and Repossessions |
7,529,131
|
8,154,596
|
7,233,497
|
| Proceeds from Sale of Federal Home Loan Bank Stock |
|
100,300
|
333,100
|
| Purchase of Federal Home Loan Bank Stock |
(279,500)
|
|
|
|
(35,373,579)
|
(56,200,061)
|
(2,629,553)
|
| Cash Flows from Financing Activities |
|
|
|
| Interest-Bearing Customer Deposits |
7,629,930
|
26,704,254
|
(21,305,068)
|
| Noninterest-Bearing Customer Deposits |
25,172,362
|
5,546,508
|
13,079,062
|
| Proceeds from Other Borrowed Money |
10,000,000
|
27,000,000
|
|
| Principal Payments on Other Borrowed Money |
(4,000,000)
|
(27,000,000)
|
|
| Dividends Paid on Preferred Stock |
(1,590,746)
|
(2,487,274)
|
(5,492,749)
|
| Redemption of Preferred Stock |
(8,661,000)
|
(9,979,000)
|
|
|
28,550,546
|
19,784,488
|
(13,718,755)
|
| Net Increase (Decrease) in Cash and Cash Equivalents |
6,565,458
|
(22,348,286)
|
(1,581,733)
|
| Cash and Cash Equivalents, Beginning |
22,256,646
|
44,604,932
|
46,186,665
|
| Cash and Cash Equivalents, Ending |
$ 28,822,104
|
$ 22,256,646
|
$ 44,604,932
|