Bay Bancorp (BYBK) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Document And Entity Information
Document Type	10-Q
Entity Current Reporting Status	Yes
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017
Entity Registrant Name	BAY BANCORP, INC.
Entity Central Index Key	859,222
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		10,717,889

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and due from banks	$ 6,697,379	$ 7,591,685
Interest bearing deposits with banks and federal funds sold	32,827,575	32,435,771
Total Cash and Cash Equivalents	39,524,954	40,027,456
Investment securities available for sale, at fair value	57,883,197	60,232,727
Investment securities held to maturity, at amortized cost	1,094,740	1,158,238
Restricted equity securities, at cost	1,939,795	1,823,195
Loans held for sale	401,803	1,613,497
Loans, net of deferred fees and costs	525,261,491	487,103,713
Less: Allowance for loan losses	(4,049,647)	(2,823,153)
Loans, net	521,211,844	484,280,560
Real estate acquired through foreclosure	1,077,687	1,224,939
Premises and equipment, net	3,517,788	3,882,343
Bank owned life insurance	16,084,188	15,729,302
Core deposit intangibles	2,415,056	3,030,309
Deferred tax assets, net	2,556,429	2,984,718
Accrued interest receivable	2,018,900	1,884,945
Accrued taxes receivable	841,299	1,153,102
Prepaid expenses	806,878	1,001,723
Other assets	209,373	276,540
Total Assets	651,583,931	620,303,594
LIABILITIES
Noninterest-bearing deposits	129,803,561	111,378,694
Interest-bearing deposits	419,552,205	415,079,700
Total Deposits	549,355,766	526,458,394
Short-term borrowings	25,000,000	20,000,000
Defined benefit pension liability	319,595	994,156
Accrued expenses and other liabilities	5,098,186	6,923,818
Total Liabilities	579,773,547	554,376,368
STOCKHOLDERS' EQUITY
Common stock - par $1.00 per shares, authorized 20,000,000 shares, issued and outstanding 10,717,889 and 10,626,290 shares at September 30, 2017 and December 31, 2016, respectively.	10,667,227	10,456,098
Additional paid-in capital	41,624,354	40,814,285
Retained earnings	18,807,973	14,426,969
Accumulated other comprehensive income	710,830	30,383
Total controlling interest	71,810,384	65,727,735
Non-controlling interest		199,491
Total Stockholders' Equity	71,810,384	65,927,226
Total Liabilities and Stockholders' Equity	$ 651,583,931	$ 620,303,594

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
CONSOLIDATED BALANCE SHEETS
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,717,889	10,626,290
Common stock, shares outstanding	10,717,889	10,626,290

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Interest and fees on loans	$ 6,718,832	$ 5,845,239	$ 19,068,440	$ 15,684,450
Interest on loans held for sale	12,447	31,817	32,355	110,270
Interest and dividends on securities	379,600	311,693	1,118,918	728,716
Interest on deposits with banks and federal funds sold	129,160	91,576	274,169	122,803
Total interest income	7,240,039	6,280,325	20,493,882	16,646,239
INTEREST EXPENSE
Interest on deposits	541,283	560,599	1,442,131	1,162,255
Interest on federal funds purchased	43		132	28
Interest on short-term borrowings	85,012	27,666	253,146	171,246
Total interest expense	626,338	588,265	1,695,409	1,333,529
Net interest income	6,613,701	5,692,060	18,798,473	15,312,710
Provision for loan losses	313,963	360,000	1,276,806	1,015,533
Net interest income after provision for loan losses	6,299,738	5,332,060	17,521,667	14,297,177
NONINTEREST INCOME
Payment sponsorship fees	766,951	691,138	2,267,953	1,833,697
Mortgage banking fees and gains	83,537	252,990	465,928	674,273
Service charges on deposit accounts	96,874	81,908	239,144	229,534
Bargain purchase gain		1,034,456		1,034,456
(Loss) gain on securities	(64,898)		(59,377)	486,534
Other income	1,775,325	341,429	2,423,174	659,506
Total noninterest Income	2,657,789	2,401,921	5,336,822	4,918,000
NONINTEREST EXPENSES
Salary and benefits	3,197,133	2,910,416	8,978,975	8,584,376
Occupancy and equipment expenses	683,356	847,036	2,108,229	2,527,306
Legal, accounting and other professional fees	83,804	255,569	612,253	783,583
Data processing and item processing services	381,032	364,637	1,013,544	899,451
FDIC insurance costs	88,008	141,714	254,950	305,895
Advertising and marketing related expenses	133,217	103,783	280,386	244,522
Foreclosed property expenses and REO sales, net	134,817	157,357	172,910	327,942
Loan collection costs	(12,259)	21,614	58,582	56,203
Core deposit intangible amortization	181,912	207,278	615,253	555,410
Merger related expenses		1,365,593	149,543	1,554,183
Other expenses	429,610	797,034	1,441,161	1,769,132
Total noninterest expenses	5,300,630	7,172,031	15,685,786	17,608,003
Income before income taxes	3,656,897	561,950	7,172,703	1,607,174
Income tax expense	1,458,061	277,733	2,791,700	687,454
NET INCOME FROM CONTINUING OPERATIONS	2,198,836	284,217	4,381,003	919,720
Net income from discontinued operations, net of tax		228,221		228,221
NET INCOME	2,198,836	512,438	4,381,003	1,147,941
Net income from discontinued operations attributable to non-controlling interest		138,212		138,212
Net income available to common stockholders	$ 2,198,836	$ 374,226	$ 4,381,003	$ 1,009,729
Weighted average shares outstanding, Basic	10,655,098	10,635,740	10,586,994	10,848,931
Weighted average shares outstanding, Diluted	10,805,791	10,749,382	10,720,703	10,957,041
Earnings per share, Basic	$ 0.21	$ 0.04	$ 0.41	$ 0.09
Earnings per share, Diluted	$ 0.20	$ 0.03	$ 0.41	$ 0.09

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 2,198,836	$ 512,438	$ 4,381,003	$ 1,147,941
Other comprehensive income (loss):
Net unrealized gain on securities during the period	17,437	55,614	420,702	933,926
Reclassification adjustment for loss (gain) on securities included in net income	64,898		59,377	(486,534)
Income tax expense relating to items above	(30,508)	(11,823)	(179,960)	(166,200)
Net income (loss) recognized in other comprehensive income (loss), Net of Tax	51,827	43,791	300,119	281,192
Unrealized gain (loss) on defined benefit pension plan	332,080		647,271	(558,690)
Income tax (expense) benefit relating to item above	(128,681)		(266,943)	220,375
Net income (loss) recognized in other comprehensive income (loss), Net of Tax	203,399		380,328	(338,315)
Other comprehensive income (loss)	255,226	43,791	680,447	(57,123)
Comprehensive income	2,454,062	556,229	5,061,450	1,090,818
Comprehensive income attributable to non-controlling interest		138,212		138,212
Comprehensive income available to common stockholders	$ 2,454,062	$ 418,017	$ 5,061,450	$ 952,606

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2015	$ 11,062,932	$ 43,378,927	$ 12,667,070	$ 573,560		$ 67,682,489
Net income			1,009,729		$ 138,212	1,147,941
Other comprehensive income (loss)				(57,123)		(57,123)
Stock- based compensation		101,017				101,017
Issuance of common stock under stock-based compensation plan	44,502	94,937				139,439
Repurchase of common stock	(743,436)	(3,048,562)				(3,791,998)
Balance at Sep. 30, 2016	10,363,998	40,526,319	13,676,799	516,437	138,212	65,221,765
Balance at Dec. 31, 2016	10,456,098	40,814,285	14,426,969	30,383	199,491	65,927,226
Net income			4,381,003			4,381,003
Other comprehensive income (loss)				680,447		680,447
Stock- based compensation		194,771				194,771
Sale of iReverse			1		$ (199,491)	(199,490)
Issuance of common stock under stock-based compensation plan	211,129	615,298				826,427
Balance at Sep. 30, 2017	$ 10,667,227	$ 41,624,354	$ 18,807,973	$ 710,830		$ 71,810,384

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities:
Net income	$ 4,381,003	$ 1,147,941
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	440,852	495,145
Stock-based compensation	194,771	101,017
Amortization of investment premiums and discounts, net	184,771	143,501
Accretion of net discounts on loans	(1,746,613)	(1,353,713)
Amortization of core deposit intangibles	615,253	555,410
Amortization of deposit premiums	(25,820)	12,134
Provision for loan losses	1,276,806	1,015,533
Increase in cash surrender value of bank owned life insurance	(354,886)	(88,893)
Bargain purchase gain		(1,034,456)
Loss (gain) on securities	59,377	(486,534)
Loss on disposal of premises and equipment	124,606	70,303
Write down of real estate acquired through foreclosure	151,071	208,123
Gain on sale of real estate acquired through foreclosure	(79,219)	(16,195)
Origination of loans held for sale	(23,415,705)	(34,942,919)
Proceeds from sales of loans held for sale	25,384,130	37,660,563
Gains on sales of loans held for sale	(756,731)	(1,000,946)
Deferred income taxes	162,751
Net (increase) decrease in accrued interest receivable	(133,955)	86,624
Net decrease in accrued taxes receivable	311,803	1,242,971
Net decrease in accrued pension plan liability	(208,656)	(89,465)
Net decrease in prepaid expenses and other assets	262,011	601,718
Net (decrease) increase in accrued expenses and other liabilities	(2,025,114)	65,050
Net cash provided by operating activities	4,802,506	4,392,912
Cash flows from investing activities:
Acquisition, net of cash acquired		104,035,876
Purchases of investment securities available for sale	(8,808,579)	(6,676,867)
Redemptions and maturities of investment securities available for sale	11,391,363	30,230,480
Redemption and maturities of investment securities held to maturity	66,171	413,845
Net (purchase) redemption of Federal Home Loan Bank Stock	(116,600)	2,208,500
Net increase in loans	(37,157,026)	(30,700,345)
Proceeds from sale of real estate acquired through foreclosure	770,948	615,843
Purchases of premises and equipment	(200,903)	(218,992)
Net cash (used in) provided by investing activities	(34,054,626)	99,908,340
Cash flows from financing activities:
Net increase (decrease) in deposits	22,923,191	(38,470,196)
Net increase (decrease) in short-term borrowings	5,000,000	(50,325,000)
Repurchase of common stock		(3,791,998)
Exercise of stock options	826,427	139,439
Net cash provided by (used in) financing activities	28,749,618	(92,447,755)
Net increase (decrease) increase in cash and cash equivalents	(502,502)	11,853,497
Cash and cash equivalents at beginning of period	40,027,456	34,413,222
Cash and cash equivalents at end of period	39,524,954	46,266,719
Supplemental Disclosures of Cash Flow information:
Interest paid on deposits and borrowings	1,697,359	1,351,893
Net income tax paid (refunded)	2,397,000	(525,211)
Non Cash activities:
Transfer of loans to real estate acquired through foreclosure	$ 695,548	$ 986,776

ORGANIZATIONAL

ORGANIZATIONAL	9 Months Ended
	Sep. 30, 2017
ORGANIZATIONAL
ORGANIZATIONAL	NOTE 1 – ORGANIZATIONAL Nature of Business Bay Bancorp, Inc. is a savings and loan holding company. Through its subsidiary, Bay Bank, FSB (the “Bank”), a federal savings bank (an “FSB”), Bay Bancorp, Inc. serves the community with a network of 1 1 branches strategically located throughout the Baltimore Metropolitan Statistical Area, particularly Baltimore City and the Maryland counties of Baltimore, Anne Arundel, Howard, and Harford, as well as south along the Baltimore-Washington corridor with an expanded focus on Prince George’s County and Montgomery Counties. The Bank serves local consumers, small and medium size businesses, professionals and other valued customers by offering a broad suite of financial products and services, including on-line and mobile banking, commercial banking, cash management, mortgage lending and retail banking. The Bank funds a variety of loan types including commercial and residential real estate loans, commercial term loans and lines of credit, consumer loans and letters of credit. As used in these notes, the term “the Company” refers to Bay Bancorp, Inc. and, unless the context clearly requires otherwise, its consolidated subsidiaries.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2017
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 2 – BASIS OF PRESENTATION The consolidated financial statements include the accounts of Bay Bancorp, Inc. , the Bank and the Bank’s consolidated subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. In management’s opinion, the accompanying unaudited consolidated financial statements, which have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim period reporting, reflect all adjustments, consisting of only normal recurring adjustments, necessary for a fair presentation of the financial position at September 30, 2017 and December 31, 2016, the results of operations for the three- and nine-month periods ended September 30, 2017 and 2016, and the statements of cash flows for the nine-month periods ended September 30, 2017 and 2016. The results of the three-month and nine-month periods ended September 30, 2017 are not necessarily indicative of the results that may be expected for the full year ending December 31, 2017 or any future interim period. The condensed consolidated balance sheet at December 31, 2016 has been derived from the audited financial statements included in the Company’s Annual Report on Form 10-K, as filed with the Securities and Exchange Commission (the “SEC”) on April 5, 2017. The unaudited consolidated financial statements for September 30, 2017 and 2016, the condensed consolidated balance sheet at December 31, 2016, and accompanying notes should be read in conjunction with the Company’s audited consolidated financial statements and the accompanying notes thereto that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. Reclassifications Certain items in the unaudited consolidated financial statements have been reclassified to conform to the 2017 classification. The reclassifications had no effect on previously reported results of operations or retained earnings. Use of Estimates The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses (the “allowance”); the fair value of financial instruments, such as loans, investment securities, and derivatives; measurement and assessment of intangible assets and other purchase accounting related adjustments; benefit plan obligations and expenses; the valuation of deferred tax assets; real estate acquired through foreclosure; and the estimate of expected cash flows for loans acquired with deteriorated credit quality. Recent Accounting Pronouncements and Developments In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606), which will supersede the revenue recognition requirements in Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition, and most industry-specific revenue recognition guidance throughout the ASC. The amendments in this update affect any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of non-financial assets unless those contracts, including leases and insurance contracts, are within the scope of other standards. The amendments establish a core principle requiring the recognition of revenue to depict the transfer of goods or services to customers in an amount reflecting the consideration to which the entity expects to be entitled in exchange for such goods or services. The amendments also require expanded disclosures concerning the nature, amount, timing and uncertainty of revenues and cash flows arising from contracts with customers. In August 2016, the FASB deferred the effective date by one year from the date in the original guidance. The guidance is effective for fiscal years and interim periods beginning after December 15, 2018. The Company’s adoption of this item is not expected to have a material impact on its results of operations or financial condition. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities , which amended guidance related to recognition and measurement of financial assets and liabilities. The amended guidance requires that equity investments (excluding those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. An entity can elect to measure equity investments that do not have readily determinable fair values at cost less impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. The impairment assessment of equity investments without readily determinable fair values is simplified by requiring a qualitative assessment to identify impairment. When a qualitative assessment indicates impairment exists, an entity is required to measure the investment at fair value. The guidance eliminates the requirement for public business entities to disclose the method and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet. Further, the guidance requires public entities to use the exit price when measuring the fair value of financial instruments for disclosure purposes. The guidance also requires an entity to present separately in other comprehensive income, a change in the instrument-specific credit risk when the entity has elected to measure a liability at fair value in accordance with the fair value option. Separate presentation of financial assets and financial liabilities by measurement category and type of instrument on the balance sheet or accompanying notes to the financial statements is required. The guidance also clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale securities in combination with the entity’s other deferred tax assets. This guidance is effective for annual periods and interim periods within those annual periods beginning after December 15, 2017. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements, but does expect a change in the fair value of loans reported in Note 16 – Fair Value. In February 2016, the FASB issued ASU 2016-02, Leases . From the lessee’s perspective, the new standard establishes a right-of-use (“ROU”) model that requires a lessee to record an ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement for a lessees. From the lessor’s perspective, the new standard requires a lessor to classify leases as either sales-type, finance or operating. A lease will be treated as a sale if it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are conveyed without the transfer of control, the lease is treated as a financing lease. If the lessor does not convey risks and rewards or control, an operating lease results. The new standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. A modified retrospective transition approach is required for lessors for sales-type, direct financing, and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company reviewed the impact of the adoption and where the Company is a lessee, primarily for the Company’s ground leases and administrative office leases, the Company will be required to record a lease liability and a right of use asset on its Consolidated Balance Sheets at fair value upon adoption. In June 2016, FASB issued ASU No. 2016-13 Financial Instruments-Credit Losses (Topic 326). The ASU improves financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by the Company. The ASU requires the Company to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. The Company will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. The ASU requires enhanced disclosures to help investors and other financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization's portfolio. These disclosures include qualitative and quantitative requirements that provide additional information about the amounts recorded in the financial statements. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The ASU will take effect for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company’s finance team is reviewing its procedures and researching additional software resources for measuring credit losses and the effect of the ASU on its consolidated balance sheets and consolidated statements of operations. In August 2016, FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This ASU addresses the appropriate classification of eight specific cash flow issues on the cash flow statement. Debt prepayment costs should be classified as an outflow for financing activities. Settlement of zero-coupon debt instruments divides the interest portion as an outflow for operating activities and the principal portion as an outflow for financing activities. Contingent consideration payments made after a business combination should be classified as outflows for financing and operating activities. Proceeds from the settlement of bank-owned life insurance policies should be classified as inflows from investing activities. Other specific areas are identified in the ASU as to the appropriate classification of the cash inflows or outflows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted and must be applied using a retrospective transition method to each period presented. The Company's finance team is evaluating the impact of this pronouncement and researching additional software resources that could assist with the implementation. In November 2016, FASB issued ASU No. 2016-18, “ Statement of Cash Flows – Restricted Cash .” This ASU provides guidance on the presentation of restricted cash or restricted cash equivalents in the statement of cash flows and is effective for the first quarter of 2018. Earlier application is permitted. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, “Simplifying the Test for Goodwill Impairment.” The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. Goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. All other goodwill impairment guidance will remain largely unchanged. ASU No. 2017-04 is effective for interim and annual reporting periods beginning after December 15, 2019, applied prospectively. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” Under the new guidance, employers will present the service cost component of the net periodic benefit cost in the same income statement line item (e.g., Salaries and Benefits) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Employers will present the other components separately (e.g., Other Noninterest Expense) from the line item that includes the service cost. ASU No. 2017-07 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, however, the Company has decided not to early adopt. Employers will apply the guidance on the presentation of the components of net periodic benefit cost in the income statement retrospectively. The guidance limiting the capitalization of net periodic benefit cost in assets to the service cost component will be applied prospectively. The Company expects to utilize the ASU’s practical expedient allowing entities to estimate amounts for comparative periods using the information previously disclosed in their pension and other postretirement benefit plan footnote. The Company does not expect this ASU to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company continues to evaluate the provisions of ASU No. 2017-08 to determine the potential impact the new standard will have on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, “Stock Compensation, Scope of Modification Accounting.” This ASU clarifies when changes to the terms of conditions of a share-based payment award must be accounted for as modifications. Companies will apply the modification accounting guidance if the value, vesting conditions or classification of the award changes. The new guidance should reduce diversity in practice and result in fewer changes to the terms of an award being accounted for as modifications, as the guidance will allow companies to make certain non-substantive changes to awards without accounting for them as modifications. It does not change the accounting for modifications. ASU No. 2017-09 is effective for interim and annual reporting periods beginning after December 15, 2017; early adoption is permitted. ASU No. 2017-09 is not expected to have a material impact on the Company’s Consolidated Financial Statements. In July 2017, the FASB issued ASU No. 2017-11, “Earnings Per Share (Topic 260): Distinguishing Liabilities from Equity (Topic 480)” This ASU addresses narrow issues identified a result of the complexity associated with applying GAAP for certain financial instruments with characteristics of liabilities. ASU No. 2017-11 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. ASU No. 2017-11 is not expected to have a material impact on the Company’s Consolidated Financial Statements. In August 2017, the FASB issued ASU No. 2017-12, “Derivatives and Hedging (Topic 815): Target Improvements to Accounting for Hedging Activities” This ASU’s objective is to improve the financial reporting of hedging relationships to better portray the economic results of an entity’s risk management activities in its financial statements. In addition to that main objective, the amendments in this update make certain targeted improvements to simplify the application of the hedge accounting guidance in current GAAP. ASU No. 2017-12 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The Company will evaluate the provisions of ASU No. 2017-12 to determine the potential impact the new standard will have on the Company’s consolidated financial statements.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2017
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	NOTE 3 – DISCONTINUED OPERATIONS From July 8, 2016 until March 31, 2017, the Bank had an investment in a reverse home loan mortgage brokerage firm named iReverse Home Loan, LLC (“iReverse”). The Bank owned 51% of iReverse and reported its non-controlling interest in iReverse separately in the consolidated balance sheet at December 31, 2016. The Company reported the income of iReverse attributable to the Bank on the consolidated statement of income for the year ended December 31, 2016 as discontinued operations. On March 31, 2017, the Bank sold this interest to the other owner of iReverse for $70,000. The Company reported no discontinued operations for the three- and nine-month periods ended September 30, 2017. Discontinued operations for the nine- months ended September 30, 2016 included noninterest income and noninterest expense related to iReverse. The net income from discontinued operations, net of taxes, for both the three- and nine- month periods ended September 30, 2016 was $228,221, with $138,212 attributable to non-controlling interest and $90,009 attributable to common stockholders. Summarized financial information for our discontinued operations related to iReverse was as follows: September 30, 2016 ASSETS Cash and cash equivalents $ 1,011,741 Other assets 53,760 Total assets 1,065,501 LIABILITIES Accrued expenses and other liabilities (805,865) Total liabilities (805,865) Net assets of discontinued operations $ 259,636 Nine Months Ended September 30, 2016 NONINTEREST INCOME Mortgage brokerage operations $ 1,409,240 Bargain purchase gain 151,943 Total noninterest income 1,561,183 NONINTEREST EXPENSES Salaries and employee benefits 925,212 Occupancy and equipment expenses 17,208 Legal, accounting and other professional fees 4,390 Advertising and marketing related expenses 107,857 Other expenses 262,168 Total Noninterest Expenses 1,316,835 Income before taxes 244,348 Income tax expense 16,127 Net income from discontinued operations $ 228,221 Net income from discontinued operations attributable to non-controlling interest $ 138,212 Net income available to common stockholders $ 90,009

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2017
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 4 – INVESTMENT SECURITIES Investment securities are accounted for according to their purpose and holding period. Trading securities are those that are bought and held principally for the purpose of selling them in the near term. The Company held no trading securities at September 30, 2017 or December 31, 2016. Available-for-sale investment securities, comprised of debt and mortgage-backed securities, are those that may be sold before maturity due to changes in the Company's interest rate risk profile or funding needs, and are reported at fair value with unrealized gains and losses, net of taxes, reported as a component of other comprehensive income. Held-to-maturity investment securities, comprised of debt and mortgage-backed securities, are those that management has the positive intent and ability to hold to maturity and are reported at amortized cost. Realized gains and losses are recorded in noninterest income and are determined on a trade date basis using the specific identification method. Interest and dividends on investment securities are recognized in interest income on an accrual basis. Premiums and discounts are amortized or accreted into interest income using the interest method over the expected lives of the individual securities. The following table summarizes the amortized cost and estimated fair value of the Company’s investment securities portfolio at September 30, 2017 and December 31, 2016: Available for Sale Amortized Gross Unrealized Estimated September 30, 2017 cost Gains Losses Fair Value U.S. government agency $ 6,769,114 $ 97,945 $ (1,452) $ 6,865,607 U.S. treasury securities 8,750,079 29,944 (57,643) 8,722,380 Residential mortgage-backed securities 33,331,263 248,208 (227,438) 33,352,033 State and municipal 2,584,008 5,052 (335) 2,588,725 Corporate bonds 6,249,873 91,997 (2,480) 6,339,390 Total debt securities 57,684,337 473,146 (289,348) 57,868,135 Equity securities 18,765 — (3,703) 15,062 Totals $ 57,703,102 $ 473,146 $ (293,051) $ 57,883,197 Held-to-Maturity Amortized Gross Unrealized Estimated September 30, 2017 cost Gains Losses Fair Value Residential mortgage-backed securities 1,094,740 (7,231) 1,087,509 Total debt securities 1,094,740 — (7,231) 1,087,509 Totals $ 1,094,740 $ — $ (7,231) $ 1,087,509 Available for Sale Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value U.S. government agency $ 7,748,481 $ 68,493 $ (43,856) $ 7,773,118 U.S. treasury securities 8,728,284 14,812 (119,837) 8,623,259 Residential mortgage-backed securities 30,952,601 197,495 (336,615) 30,813,481 State and municipal 2,638,214 2,421 (3,355) 2,637,280 Corporate bonds 10,372,549 1,647 (45,741) 10,328,455 Total debt securities 60,440,129 284,868 (549,404) 60,175,593 Equity securities 92,585 6,021 (41,472) 57,134 Totals $ 60,532,714 $ 290,889 $ (590,876) $ 60,232,727 Held-to-Maturity Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value Residential mortgage-backed securities $ 1,158,238 $ — $ (8,896) $ 1,149,342 Total debt securities 1,158,238 — (8,896) 1,149,342 Totals $ 1,158,238 $ — $ (8,896) $ 1,149,342 The following table provides information about securities with unrealized losses segregated by length of impairment at September 30, 2017: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2017 Value Losses Value Losses Value Losses U.S. government agency $ — $ — $ 998,130 $ (1,452) $ 998,130 $ (1,452) U.S. treasury securities 2,809,110 (57,643) — — 2,809,110 (57,643) Residential mortgage-backed securities 10,520,387 (113,767) 4,792,922 (113,671) 15,313,309 (227,438) State and municipals — — 325,007 (335) 325,007 (335) Corporate bonds 2,497,520 (2,480) — — 2,497,520 (2,480) Total debt securities 15,827,017 (173,890) 6,116,059 (115,458) 21,943,076 (289,348) Equity securities — — 15,062 (3,703) 15,062 (3,703) Totals $ 15,827,017 $ (173,890) $ 6,131,121 $ (119,161) $ 21,958,138 $ (293,051) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2017 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,087,509 (7,231) — — 1,087,509 (7,231) Total debt securities $ 1,087,509 $ (7,231) $ — $ — $ 1,087,509 $ (7,231) The following table provides information about securities with unrealized losses segregated by length of impairment at December 31, 2016: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses U.S. government agency $ 3,983,930 $ (43,856) $ — $ — $ 3,983,930 $ (43,856) U.S. treasury securities 5,645,640 (119,837) — — 5,645,640 (119,837) Residential mortgage-backed securities 17,368,416 (315,284) 563,545 (21,331) 17,931,961 (336,615) State and municipals 1,042,964 (3,355) — — 1,042,964 (3,355) Corporate bonds 7,973,405 (45,741) — — 7,973,405 (45,741) Total debt securities 36,014,355 (528,073) 563,545 (21,331) 36,577,900 (549,404) Equity securities — — 25,180 (41,472) 25,180 (41,472) Totals $ 36,014,355 $ (528,073) $ 588,725 $ (62,803) $ 36,603,080 $ (590,876) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,149,342 (8,896) — — 1,149,342 (8,896) Total debt securities $ 1,149,342 $ (8,896) $ — $ — $ 1,149,342 $ (8,896) At September 30, 2017, the Company recorded unrealized losses in its portfolio of debt securities totaling $289,349 related to 60 securities, which resulted from increases in market interest rates, spread volatility, and other factors that management deems to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to be other-than-temporarily impaired. At September 30, 2017 , the Company recorded unrealized losses in its portfolio of equity securities totaling $ 3,703 related to one security, which management considers to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell this equity position for a reasonable period of time sufficient for recovery of fair value, the Company does not consider this equity security to be other-than-temporarily impaired. At December 31, 2016, the Company recorded unrealized losses in its portfolio of debt securities totaling $549,40 4 related to 73 securities, which were caused by increases in market interest rates, spread volatility and other factors that management deems to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these securities prior to maturity or a full recovery of the amortized cost, the Company does not consider these securities to be other-than-temporarily impaired. At December 31, 2016, the Company recorded unrealized losses in its portfolio of equity securities totaling $41,472 related to one security, which management considers to be temporary. Since management believes that it is more likely than not that the Company will not be required to sell these equity positions for a reasonable period of time sufficient for recovery of fair value, the Company does not consider these equity securities to be other-than-temporarily impaired. At September 30, 2017, except for the U.S. Treasury, the outstanding balance of no single issuer exceeded 10% of stockholders’ equity. At December 31, 2016, the outstanding balance of no single issuer exceeded 10% of stockholders’ equity. No investment securities held by the Company at September 30, 2017 or December 31, 2016 were subject to a write-down due to credit related other-than-temporary impairment. Contractual maturities of debt securities at September 30, 2017 and at December 31, 2016 are shown below. Actual maturities may differ from contractual maturities because borrowers have the right to call or prepay obligations with or without call or prepayment penalties. 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Available for sale Within one year $ 5,558,092 $ 5,555,806 $ 6,122,743 $ 6,100,576 Over one to five years 7,971,121 8,088,727 12,570,847 12,642,656 Over five to ten years 10,823,861 10,871,569 7,765,282 7,627,060 Over ten years — — 3,028,656 2,991,820 Residential mortgage-backed securities 33,331,263 33,352,033 30,952,601 30,813,481 Totals $ 57,684,337 $ 57,868,135 $ 60,440,129 $ 60,175,593 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Held to maturity Over ten years 1,094,740 1,087,509 1,158,238 1,149,342 Totals $ 1,094,740 $ 1,087,509 $ 1,158,238 $ 1,149,342 The Company’s residential mortgage-backed securities portfolio is presented as a separate line within the maturity table, since borrowers have the right to prepay obligations without prepayment penalties. For the nine-month period ended September 30, 2017, there were 16 sales of investment securities available for sale resulting in a gain of $610 and there were 12 redemptions of investment securities available for sale resulting in no gains or loss. For the nine-month period ended September 30, 2016, there were 58 sales and other redemptions of investment securities available for sale resulting in net gains of $486,534. For the nine-month period ended September 30, 2017, there was one sale of equity securities resulting in a net gain of $6,021 and a $59,987 other than temporary impairment adjustment for one equity security. For the nine-month period ended September 30, 2016, there was no activity of equity securities resulting in gains or losses. At September 30, 2017, securities with an amortized cost of $39,467,359 (fair value of $39,614,251) were pledged as collateral for potential borrowings from the Federal Home Loan Bank of Atlanta (the “FHLB”) and the Federal Reserve Bank of Richmond (the “Reserve Bank”). At December 31, 2016, securities with an amortized cost of $10,479,133 (fair value of $10,604,335) were pledged as collateral for potential borrowings from the FHLB and the Reserve Bank .

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2017
LOANS AND ALLOWANCE FOR LOAN LOSSES
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 5 – LOANS AND ALLOWANCE FOR LOAN LOSSES The fundamental lending business of the Company is based on understanding, measuring, and controlling the credit risk inherent in the loan portfolio. The Company's loan portfolio is subject to varying degrees of credit risk. These risks entail both general risks, which are inherent in the lending process, and risks specific to individual borrowers. The Company's credit risk is mitigated through portfolio diversification, which limits exposure to any single customer, industry or collateral type. The loan portfolio segment balances are presented in the following table: September 30, December 31, 2017 2016 Commercial & Industrial $ 75,199,392 $ 67,234,642 Commercial Real Estate 237,231,622 205,495,337 Residential Real Estate 145,405,123 153,368,115 Home Equity Line of Credit 34,201,351 33,256,012 Land 1,998,511 5,870,999 Construction 29,278,544 19,804,912 Consumer & Other 1,946,948 2,073,696 Total Loans 525,261,491 487,103,713 Less: Allowance for Loan Losses (4,049,647) (2,823,153) Net Loans $ 521,211,844 $ 484,280,560 At September 30, 2017 and December 31, 2016, loans not considered to have deteriorated credit quality at acquisition had a total remaining unamortized discount of $3,138,528 and $3,793,033, respectively, and carrying values of $153,886,168 and $187,483,532, respectively. Portfolio Segments: The Company currently manages its credit products and the respective exposure to loan losses by the following specific portfolio segments, which are levels at which the Company develops and documents its systematic methodology to determine the allowance for loan losses. The Company considers each loan type to be a portfolio segment having unique risk characteristics. Commercial & Industrial Commercial & Industrial (“C&I”) loans are made to provide funds for equipment and general corporate needs. Repayment of these loans depends primarily on the funds generated from the operation of the borrower's business. C&I loans also include lines of credit that are utilized to finance a borrower's short-term credit needs and/or to finance a percentage of eligible receivables or inventory. Of primary concern in C&I lending is the borrower's creditworthiness and ability to successfully generate sufficient cash flow from its business to service the debt. Commercial Real Estate Commercial Real Estate loans are bifurcated into Investor and Owner Occupied types (classes). Commercial Real Estate - Investor loans consist of loans secured by non-owner occupied properties and involve investment properties for warehouse, retail, apartment, and office space with a history of occupancy and cash flow. This commercial real estate class includes mortgage loans to the developers and owners of commercial real estate where the borrower intends to operate or sell the property at a profit and use the income stream or proceeds from the sale(s) to repay the loan. Commercial Real Estate - Owner Occupied loans consist of commercial mortgage loans secured by owner occupied properties and involves a variety of property types to conduct the borrower's operations. The primary source of repayment for this type of loan is the cash flow from the business and is based upon the borrower's financial health and the ability of the borrower and the business to repay. At September 30, 2017 and December 31, 2016, Commercial Real Estate – Investor loans had a total balance of $156,235,351 and $138,527,163, respectively. At September 30, 2017 and December 31, 2016, Commercial Real Estate – Owner Occupied loans had a total balance of $80,906,271 and $66,968,174, respectively. Residential Real Estate Residential Real Estate loans are bifurcated into Investor and Owner Occupied types (classes). Residential Real Estate -Investor loans consist of loans secured by non-owner occupied residential properties and usually carry higher credit risk than Residential Real Estate – Owner Occupied loans due to their reliance on stable rental income and due to a lower incentive for the borrower to avoid foreclosure. Payments on loans secured by rental properties often depend on the successful operation and management of the properties and the payment of rent by tenants. At September 30, 2017 and December 31, 2016, Residential Real Estate – Investor loans had a total balance of $41,734,060 and $44,787,040, respectively. At September 30, 2017 and December 31, 2016, Residential Real Estate – Owner Occupied loans had a total balance of $103,671,063 and $108,581,075, respectively. Home Equity Line of Credit Home Equity Lines of Credit (“HELOCs”) are a form of revolving credit in which a borrower's primary residence serves as collateral. Borrowers use HELOCs primarily for education, home improvements, and other significant personal expenditures. The borrower will be approved for a specific credit limit set at a percentage of the home's appraised value less the balance owed on the existing first mortgage. Major risks in HELOC lending include the borrower's ability to service the existing first mortgage plus the HELOC, the Company's ability to pursue collection in a second lien position upon default, and overall risks in fluctuation in the value of the underlying collateral property. Land Land loans are secured by underlying properties that usually consist of tracts of undeveloped land that do not produce income. These loans carry the risk that there will be inadequate demand to ensure the sale of the property within an acceptable time. As a result, land loans carry the risk that the builder will have to pay the property taxes and other carrying costs of the property until a buyer is identified. Construction Construction loans, which include land development loans, are generally considered to involve a higher degree of credit risk than long-term financing on improved, occupied real estate. Risk of loss on a construction loan depends largely upon the accuracy of the initial estimate of the property's value at completion of construction and estimated costs of construction, as well as the property’s ability to attract and retain tenants. Loan funds are disbursed periodically as pre-specified stages of completion are attained based upon site inspections. If the Company is forced to foreclose on a building before or at completion due to a default, it may be unable to recover all of the unpaid balance of and accrued interest on the loan as well as related foreclosure and holding costs. Consumer & Other Consumer & Other loans include installment loans, personal lines of credit, and automobile loans. Payment on these loans often depends on the borrower's creditworthiness and ability to generate sufficient cash flow to service the debt. Allowance for Loan Losses To control and monitor credit risk, management has an internal credit process in place to determine whether credit standards are maintained along with in-house loan administration accompanied by oversight and review procedures. The primary purpose of loan underwriting is the evaluation of specific lending risks that involves the analysis of the borrower's ability to service the debt as well as the assessment of the underlying collateral. Oversight and review procedures include the monitoring of the portfolio credit quality, early identification of potential problem credits and the management of the problem credits. As part of the oversight and review process, the Company maintains an allowance for loan losses to absorb estimated and probable losses inherent in the loan portfolio. For purposes of calculating the allowance, the Company segregates its loan portfolio into segments based primarily on the type of supporting collateral. The Commercial Real Estate and Residential Real Estate segments, which both exclude any collateral property currently under construction, are further segregated into Owner Occupied and Investor classes for each. Further, all segments are also segregated as either purchased credit impaired (“PCI”) loans, purchased loans not deemed impaired, troubled debt restructurings (“TDR”s), or new originations. The analysis for determining the allowance is consistent with guidance set forth in U.S. GAAP and the Interagency Policy Statement on the Allowance for Loan and Lease Losses. Pursuant to Bank policy, the allowance is evaluated quarterly by management and is based upon management's review of the collectability of loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrowers' ability to repay, estimated value of any underlying collateral and prevailing economic conditions. The allowance consists of specific and general reserves. The specific reserves relate to loans classified as impaired consisting primarily of nonaccrual loans, TDR and PCI loans where cash flows have deteriorated from those forecasted as of the acquisition date. The reserve for these loans is established when the discounted cash flows, collateral value, or observable market price, whichever is appropriate, of the impaired loan is lower than the carrying value. For impaired loans, any measured impairment is charged-off against the loan and allowance for those loans that are collateral dependent in the applicable reporting period. The general reserve covers loans that are not classified as impaired and primarily includes purchased loans not deemed impaired and new loan originations. The general reserve requirement is based on historical loss experience and several qualitative factors derived from economic and market conditions that have been determined to have an effect on the probability and magnitude of a loss. Since the Bank does not have sufficient historical loss experience, management also references the historical net charge-off experience of peer groups to determine a reasonable range of reserve values, which is permissible per Bank policy. The peer groups consist of competing Maryland-based financial institutions with established ranges in total asset size. Management will continue to evaluate the appropriateness of the peer group data used with each quarterly allowance analysis until such time that the Bank has sufficient loss experience to provide a foundation for the general reserve requirement. The qualitative analysis incorporates global environmental factors in the following trends: national and local economic metrics; portfolio risk ratings and composition; and concentrations in credit. The following tables provides information on the activity in the allowance for loan losses by the respective loan portfolio segment for the three- and nine-month periods ended September 30, 2017: Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 463,792 $ 1,439,421 $ 1,290,158 $ 224,508 $ 12,188 $ 165,516 $ 12,901 $ 3,608,484 Charge-offs — — (56,037) — — — (2,337) (58,374) Recoveries 112 — 87,037 — 98,091 — 334 185,574 Provision 74,998 192,399 76,873 19,189 (97,244) 44,609 3,139 313,963 Ending balance $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 Nine Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Charge-offs — — (281,977) — — (15,593) (2,337) (299,907) Recoveries 300 — 150,770 — 98,091 — 434 249,595 Provision 168,745 548,965 485,460 59,401 (104,215) 114,215 4,235 1,276,806 Ending balance $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 The following table presents loans and the related allowance for loan losses by respective loan portfolio segment at September 30, 2017: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 446,550 $ — $ — $ — $ — $ 446,550 Ending balance: collectively evaluated for impairment 538,902 1,631,820 951,481 243,697 13,035 210,125 14,037 3,603,097 Totals $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 Loans: Ending balance: individually evaluated for impairment $ 463,177 $ — $ 4,891,684 $ 55,319 $ — $ — $ 17,098 $ 5,427,278 Ending balance: collectively evaluated for impairment 74,087,583 224,340,559 130,808,260 33,503,176 1,791,967 28,887,776 1,929,850 495,349,171 Ending balance: loans acquired with deteriorated credit quality (1) 648,632 12,891,063 9,705,179 642,856 206,544 390,768 — 24,485,042 Totals $ 75,199,392 $ 237,231,622 $ 145,405,123 $ 34,201,351 $ 1,998,511 $ 29,278,544 $ 1,946,948 $ 525,261,491 (1) Includes one loan acquired with deteriorated credit quality of $16,200 that have current period charge offs. The following tables provides information on the activity in the allowance for loan losses by the respective loan portfolio segment for the three- and nine-month periods ended September 30, 2016: Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 284,006 $ 939,888 $ 800,909 $ 175,004 $ 17,467 $ 69,181 $ 6,495 $ 2,292,950 Charge-offs — — (205,721) — — — — (205,721) Recoveries — — 556 — — — — 556 Provision 36,170 (19,721) 327,528 (9,769) (3,843) 25,080 4,555 360,000 Ending balance $ 320,176 $ 920,167 $ 923,272 $ 165,235 $ 13,624 $ 94,261 $ 11,050 $ 2,447,785 Nine Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 210,798 $ 727,869 $ 593,084 $ 157,043 $ 15,713 $ 62,967 $ 5,535 $ 1,773,009 Charge-offs — — (380,135) (2,183) — — (480) (382,798) Recoveries — — 42,041 — — — — 42,041 Provision 109,378 192,298 668,282 10,375 (2,089) 31,294 5,995 1,015,533 Ending balance $ 320,176 $ 920,167 $ 923,272 $ 165,235 $ 13,624 $ 94,261 $ 11,050 $ 2,447,785 The following table presents loans and the related allowance for loan losses by respective loan portfolio segment at December 31, 2016: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 270,526 $ — $ — $ — $ — $ 270,526 Ending balance: collectively evaluated for impairment 369,857 1,082,855 773,252 184,296 19,159 111,503 11,705 2,552,627 Totals $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Loans: Ending balance: individually evaluated for impairment $ 641,774 $ 277,515 $ 4,521,110 $ 55,552 $ — $ — $ 5,798 $ 5,501,749 Ending balance: collectively evaluated for impairment 65,341,316 191,303,934 136,607,497 32,558,837 3,384,741 19,698,823 2,067,898 450,963,046 Ending balance: loans acquired with deteriorated credit quality (1) 1,251,552 13,913,888 12,239,508 641,623 2,486,258 106,089 — 30,638,918 Totals $ 67,234,642 $ 205,495,337 $ 153,368,115 $ 33,256,012 $ 5,870,999 $ 19,804,912 $ 2,073,696 $ 487,103,713 (1) Includes loans acquired with deteriorated credit quality of $104,460 that have current period charge-offs. The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at September 30, 2017 and for the three- and nine-month periods ended September 30, 2017: For the three months ended For the Nine Months Ended At September 30, 2017 September 30, 2017 September 30, 2017 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial & Industrial $ 463,177 $ 548,815 $ — $ 525,917 $ 9,257 $ 569,815 $ 31,027 Commercial Real Estate - Owner occupied — — — — — — — Commercial Real Estate - Investor — — — — — — — Residential Real Estate - Investor 722,320 843,732 — 818,217 1,059 894,492 12,909 Residential Real Estate - Owner occupied 3,236,123 3,434,361 — 3,371,939 28,000 3,526,320 98,238 Home Equity Line of Credit 55,319 85,025 — 71,325 — 73,302 (11) Consumer & Other 17,098 200,965 — 109,031 10 109,611 — With an allowance recorded: Residential Real Estate - Investor 620,190 634,052 277,526 631,865 2,427 648,497 3,980 Residential Real Estate - Owner occupied 555,494 531,131 169,024 559,360 10,344 566,492 (264) Total 5,669,721 6,278,081 446,550 6,087,654 51,097 6,388,529 145,879 Total impaired loans: Commercial & Industrial $ 463,177 $ 548,815 $ — $ 525,917 $ 9,257 $ 569,815 $ 31,027 Commercial Real Estate — — — — — — — Residential Real Estate 5,134,127 5,443,276 446,550 5,381,381 41,830 5,635,801 114,863 Home Equity Line of Credit 55,319 85,025 — 71,325 — 73,302 (11) Consumer & Other 17,098 200,965 — 109,031 10 109,611 — Total $ 5,669,721 $ 6,278,081 $ 446,550 $ 6,087,654 $ 51,097 $ 6,388,529 $ 145,879 The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at December 31, 2016 and for the year ended December 31, 2016: For the year ended For the Nine Months Ended At December 31, 2016 December 31, 2016 September 30, 2016 Unpaid Average Average Average Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 $ 898,165 $ 71,092 Commercial Real Estate - Investor 277,515 277,515 — 294,053 — 298,188 — Residential Real Estate - Investor 785,500 890,719 — 994,674 11,748 1,188,796 12,026 Residential Real Estate - Owner occupied 3,008,832 3,196,027 — 3,225,912 103,916 2,957,677 68,933 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) 88,618 (69) Consumer & Other 5,798 189,204 — 97,501 — 189,204 — With an allowance recorded: Residential Real Estate - Investor 790,537 813,087 268,537 832,508 5,920 596,672 3,967 Residential Real Estate - Owner occupied 159,028 159,028 1,989 160,102 — — — Total 5,724,536 6,350,178 270,526 6,482,714 201,402 6,217,320 155,949 Total impaired loans: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 $ 898,165 $ 71,092 Commercial Real Estate 277,515 277,515 — 294,053 — 298,188 — Residential Real Estate 4,743,897 5,058,861 270,526 5,213,196 121,584 4,743,145 84,926 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) 88,618 (69) Construction — — — — — — — Consumer & Other 5,798 189,204 — 97,501 — 189,204 — Total $ 5,724,536 $ 6,350,178 $ 270,526 $ 6,482,714 $ 201,402 $ 6,217,320 $ 155,949 In addition to monitoring the performance status of the loan portfolio, the Company utilizes a risk rating scale (1-8) to evaluate loan asset quality for all loans. Loans that are rated 1-4 are classified as pass credits. Loans rated a 5 (Watch) are pass credits, but are loans that have been identified as warranting additional attention and monitoring. Loans that are risk rated 5 or higher are placed on the Company's monthly watch list. For the pass rated loans, management believes there is a low risk of loss related to these loans and, as necessary, credit may be strengthened through improved borrower performance and/or additional collateral. Loans rated a 6 (Special Mention) or higher are considered criticized loans and represent an increased level of credit risk and are placed into these three categories: 6 (Special Mention) - Borrowers exhibit potential credit weaknesses or downward trends that may weaken the credit position, if uncorrected. The borrowers are considered marginally acceptable without potential for loss of principal or interest. 7 (Substandard) - Borrowers have well defined weaknesses or characteristics that present the possibility that the Company will sustain some loss if the deficiencies are not corrected. 8 (Doubtful) - Borrowers classified as doubtful have the same weaknesses found in substandard borrowers; however, these weaknesses indicate that the collection of debt in full (principal and interest), based on current conditions, is highly questionable and improbable. In the normal course of loan portfolio management, relationship managers are responsible for continuous assessment of credit risk arising from the individual borrowers within their portfolio and assigning appropriate risk ratings. Credit Administration is responsible for ensuring the integrity and operation of the risk rating system and maintenance of the watch list. The Officer's Loan Committee meets monthly to discuss and monitor problem credits and internal risk rating downgrades that result in updates to the watch list. The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at September 30, 2017: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 70,603,759 $ 96,564 $ 4,499,069 $ — $ 75,199,392 Commercial Real Estate - Investor 153,405,895 — 2,919,456 — 156,325,351 Commercial Real Estate - Owner Occupied 78,667,626 969,541 1,269,104 — 80,906,271 Residential Real Estate - Investor 36,177,561 230,371 5,326,128 — 41,734,060 Residential Real Estate - Owner Occupied 98,274,249 — 5,396,814 — 103,671,063 Home Equity Line of Credit 33,911,062 — 290,289 — 34,201,351 Land 1,891,731 — 106,780 — 1,998,511 Construction 28,887,776 — 390,768 — 29,278,544 Consumer & Other 1,929,850 — 17,098 — 1,946,948 Total $ 503,749,509 $ 1,296,476 $ 20,215,506 $ — $ 525,261,491 The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at December 31, 2016: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 63,961,379 $ 688,595 $ 2,584,668 $ — $ 67,234,642 Commercial Real Estate - Investor 134,601,346 2,958,695 967,122 — 138,527,163 Commercial Real Estate - Owner Occupied 64,761,020 1,126,705 1,080,449 — 66,968,174 Residential Real Estate - Investor 36,905,288 240,700 7,641,052 — 44,787,040 Residential Real Estate - Owner Occupied 102,367,880 — 6,213,195 — 108,581,075 Home Equity Line of Credit 32,969,668 — 286,344 — 33,256,012 Land 3,513,607 — 2,357,392 — 5,870,999 Construction 19,698,823 — 106,089 — 19,804,912 Consumer & Other 2,067,898 — 5,798 — 2,073,696 Total $ 460,846,909 $ 5,014,695 $ 21,242,109 $ — $ 487,103,713 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at September 30, 2017. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ — $ — $ — $ — $ 74,326,369 $ 224,391 $ 74,550,760 Commercial Real Estate - Investor — — — — 148,638,857 — 148,638,857 Commercial Real Estate - Owner Occupied 73,183 — — 73,183 75,628,519 — 75,701,702 Residential Real Estate - Investor — — — — 33,610,776 1,100,067 34,710,843 Residential Real Estate - Owner Occupied 46,135 535,025 — 581,160 96,764,677 3,643,263 100,989,100 Home Equity Line of Credit 18,925 253,612 — 272,537 33,230,639 55,319 33,558,495 Land — — — — 1,791,967 — 1,791,967 Construction — — — — 28,887,776 — 28,887,776 Consumer & Other 1,338 — — 1,338 1,928,513 17,098 1,946,949 Total $ 139,581 $ 788,637 $ — $ 928,218 $ 494,808,093 $ 5,040,138 $ 500,776,449 Purchased credit impaired loans 24,485,042 Total Loans $ 525,261,491 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at December 31, 2016. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 17,737 $ — $ — $ 17,737 $ 65,582,550 $ 382,802 $ 65,983,089 Commercial Real Estate - Investor — — — — 129,751,253 277,515 130,028,768 Commercial Real Estate - Owner Occupied 139,670 149,119 — 288,789 61,263,891 — 61,552,680 Residential Real Estate - Investor 702,856 — — 702,856 34,114,611 1,260,961 36,078,428 Residential Real Estate - Owner Occupied 2,933,983 373,168 — 3,307,151 98,724,320 3,018,710 105,050,181 Home Equity Line of Credit 136,387 — — 136,387 32,422,450 55,552 32,614,389 Land — — — — 3,384,741 — 3,384,741 Construction 173,105 — — 173,105 19,525,718 — 19,698,823 Consumer & Other — — — — 2,067,898 5,798 2,073,696 Total $ 4,103,738 $ 522,287 $ — $ 4,626,025 $ 446,837,432 $ 5,001,338 $ 456,464,795 Purchased credit impaired loans 30,638,918 Total Loans $ 487,103,713 Troubled Debt Restructurings The restructuring of a loan constitutes a TDR if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider in the normal course of business. A concession may include an extension of repayment terms which would not normally be granted, a reduction of interest rate or the forgiveness of principal and/or accrued interest. If the debtor is experiencing financial difficulty and the creditor has granted a concession, the Company will make the necessary disclosures related to the TDR. In certain cases, a modification may be made in an effort to retain a customer who is not experiencing financial difficulty. This type of modification is not considered to be a TDR. Once a loan has been modified and is considered a TDR, it is reported as an impaired loan. All TDRs are evaluated individually for impairment on a quarterly basis as part of the allowance for credit losses calculation. A specific allowance for TDR loans is established when the discounted cash flows, collateral value or observable market price, whichever is appropriate, of the TDR is lower than the carrying value. If a loan deemed a TDR has performed for at least six months at the level prescribed by the modification, it is not considered to be non-performing; however, it will generally continue to be reported as impaired, but may be returned to accrual status. A TDR is deemed in default on its modified terms once a contractual payment is 30 or more days past due. The following tables present a breakdown of loans that the Company modified during the three- and nine-month periods ended September 30, 2017 and 2016: Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial 3 $ 238,786 $ 238,786 — $ — $ — Residential Real Estate - Owner Occupied — — — 2 369,508 369,508 Totals 3 $ 238,786 $ 238,786 2 $ 369,508 $ 369,508 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial 3 $ 238,786 $ 238,786 — $ — $ — Residential Real Estate - Investor — — — 1 38,785 38,785 Residential Real Estate - Owner Occupied 2 148,354 148,354 2 369,508 369,508 Totals 5 $ 387,140 $ 387,140 3 $ 408,293 $ 408,293 For the three- and nine-month periods ended September 30, 2017, there were two and four loans modified, respectively, as a TDR. For the three- and nine-month periods ended September 30, 2016, there were one and three loans modified, respectively, as a TDR. None of the loans modified as a TDR during the previous 12 months were in default of their modified terms at September 30, 2017. At September 30, 2017 and December 31, 2016, the Bank had $2,327,601 and $1,824,206, respectively, in loans identified as TDRs of which $1,940,461 and $1,323,795, respectively, were on nonaccrual status at such dates.

ACCOUNTING FOR CERTAIN LOANS AC

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER	9 Months Ended
	Sep. 30, 2017
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER	NOTE 6 – ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER Loans purchased with evidence of credit deterioration since origination and for which it is probable that all contractually required payments will not be collected are considered to be credit impaired. Evidence of credit quality deterioration as of the purchase date may include information such as past due and nonaccrual status, borrower credit scores and recent loan to value percentages. Purchased credit-impaired loans are initially measured at fair value, which considers estimated future loan losses expected to be incurred over the life of the loan. Accordingly, an allowance for loan losses related to these loans was not carried over and recorded at the acquisition date. The Company monitors actual loan cash flows to determine any improvement or deterioration from those forecasted as of the acquisition date. The following table reflects the carrying amount of purchased credit-impaired loans, which are included in the loan categories in Note 5 – Loans and Allowances for Loan Losses: September 30, 2017 December 31, 2016 Commercial & Industrial $ 648,632 $ 1,251,552 Commercial Real Estate 12,891,063 13,913,888 Residential Real Estate 9,705,179 12,239,507 Home Equity Line of Credit 642,856 641,623 Land 206,544 2,486,259 Construction 390,768 106,089 Total Loans $ 24,485,042 $ 30,638,918 The contractual amount outstanding for these loans totaled $30,784,392 and $34,915,206 at September 30, 2017 and December 31, 2016, respectively. The following table reflects activity in the accretable discount for loans purchased with evidence of credit deterioration since origination for the three- and nine-month periods ended September 30, 2017 and 2016: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 1,037,002 $ 193,833 $ 1,315,318 $ 275,730 Acquired through Hopkins Acquisition — 154,748 — 154,748 Reclassification from nonaccretable difference 139,151 242,623 777,671 734,592 Accretion into interest income (175,891) (322,428) (887,792) (807,608) Disposals (31,178) — (236,113) (88,686) Balance at end of period $ 969,084 $ 268,776 $ 969,084 $ 268,776 The following table reflects activity in the allowance for loan losses for loans purchased with evidence of credit deterioration since origination for the three- and nine-month periods ended September 30, 2017 and 2016: Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 100,092 $ 34,492 $ 77,175 $ — Charge-offs (53,437) (25,558) (73,825) (40,233) Recoveries 158,387 — 212,548 — Provision for loan losses (85,441) 72,608 (96,297) 121,775 Balance at end of period $ 119,601 $ 81,542 $ 119,601 $ 81,542

REAL ESTATE ACQUIRED THROUGH FO

REAL ESTATE ACQUIRED THROUGH FORECLOSURE	9 Months Ended
	Sep. 30, 2017
REAL ESTATE ACQUIRED THROUGH FORECLOSURE
REAL ESTATE ACQUIRED THROUGH FORECLOSURE	NOTE 7 – REAL ESTATE ACQUIRED THROUGH FORECLOSURE The following table reflects activity in real estate acquired through foreclosure for the three- and nine-month periods ended September 30, 2017 and 2016. Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 1,147,546 $ 1,467,104 $ 1,224,939 $ 1,459,732 New transfers from loans 35,672 720,000 695,548 986,776 Sales (34,835) (447,097) (691,730) (599,648) Write-downs (70,696) (101,270) (151,070) (208,123) Balance at end of period $ 1,077,687 $ 1,638,737 $ 1,077,687 $ 1,638,737

CORE DEPOSIT INTANGIBLE ASSETS

CORE DEPOSIT INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2017
CORE DEPOSIT INTANGIBLE ASSETS
CORE DEPOSIT INTANGIBLE ASSETS	NOTE 8 – CORE DEPOSIT INTANGIBLE ASSETS The Company's core deposit intangible assets at September 30, 2017 had a remaining weighted average amortization period of approximately 5.9 years. The following table presents the changes in the net book value of core deposit intangible assets for the nine-month periods ended September 30, 2017 and 2016: Nine Months Ended September 30, 2017 2016 Balance at beginning of period $ 3,030,309 $ 2,624,184 Amortization expense (615,253) (555,410) Balance, at end of period $ 2,415,056 $ 2,068,774 The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of core deposit intangible assets at September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Gross carrying amount $ 6,775,211 $ 6,775,211 Accumulated amortization (4,360,155) (3,744,902) Net carrying amount $ 2,415,056 $ 3,030,309 The following table sets forth the future amortization expense for the Company’s core deposit intangible assets at September 30, 2017: Three months ending December 31: Amount 2017 $ 173,930 Twelve months ending December 31: 2018 616,111 2019 540,682 2020 488,027 2021 380,430 Subsequent years 215,876 Total $ 2,415,056

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2017
DEPOSITS
DEPOSITS	NOTE 9 – DEPOSITS The following table presents the composition of deposits at September 30, 2017 and December 31, 2016: September 30, 2017 December 31, 2016 Noninterest-bearing deposits $ 129,803,561 $ 111,378,694 Interest-bearing deposits: Checking 61,871,196 58,482,158 Savings 108,311,134 120,376,229 Money market 128,889,184 109,550,925 Total interest-bearing checking, savings and money market deposits 299,071,514 288,409,312 Time deposits $250,000 and below 107,628,824 114,871,256 Time deposits above $250,000 12,851,867 11,799,132 Total time deposits 120,480,691 126,670,388 Total interest-bearing deposits 419,552,205 415,079,700 Total Deposits $ 549,355,766 $ 526,458,394 The following table sets forth the maturity distribution for the Company’s time deposits at September 30, 2017: Amount Maturing within one year $ 46,858,112 Maturing over one to two years 55,805,665 Maturing over two to three years 6,542,871 Maturing over three to four years 5,879,480 Maturing over four to five years 5,113,189 Maturing over five years 281,374 Total Time Deposits $ 120,480,691 Interest expense on deposits for the nine-month periods ended September 30, 2017 and 2016 is as follows: Nine Months Ended September 30, 2017 2016 Interest-bearing checking $ 57,630 $ 44,740 Savings 305,957 157,903 Money market 322,550 190,078 Total interest-bearing checking, savings and money market deposits 686,137 392,721 Time deposits $250,000 and below 667,250 697,853 Time deposits above $250,000 88,744 71,681 Total time deposits 755,994 769,534 Total Interest Expense $ 1,442,131 $ 1,162,255 The Company’s deposits include brokered deposits obtained through the Promontory Interfinancial Network, which consist of Certificate of Deposit Registry Service (“CDARS”) balances included in time deposits, and insured cash sweep service (“ICS”) balances included in money market deposits. At September 30, 2017, CDARS and ICS deposits were $15 million. At December 31, 2016, CDARS and ICS deposits were $11 million.

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	9 Months Ended
	Sep. 30, 2017
SHORT-TERM BORROWINGS.
SHORT-TERM BORROWINGS	NOTE 10 – SHORT-TERM BORROWINGS Short-term borrowings at September 30, 2017 and December 31, 2016 consisted of the following: September 30, 2017 December 31, 2016 Federal Home Loan Bank Advances Due December, 2017, Daily Rate 0.80% $ — $ 20,000,000 Due December, 2017, Daily Rate 1.32% 3,000,000 — Due October, 2017, Fixed Rate 1.17% 8,000,000 — Due October, 2017, Fixed Rate 1.16% 14,000,000 — Total $ 25,000,000 $ 20,000,000 Interest expense on FHLB advances and Atlantic Community Bankers Bank (“ACBB”) advances for the nine month periods ended September 30, 2017 and 2016 was $ 253,146 and $ 171,246 , respectively. The Company had no long-term borrowings at September 30, 2017 or December 31, 2016 .

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2017
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	NOTE 11 – STOCK-BASED COMPENSATION The Bay Bancorp, Inc. 2015 Equity Compensation Plan (the “2015 Plan”) was adopted by the Company’s Board of Directors in March 2015 and approved by the Company’s stockholders in May 2015. The 2015 Plan is a broad-based plan that permits the grant of stock options, restricted stock awards and other stock-based awards. The 2015 Plan is available to all employees of the Company and its subsidiaries, including employees who are officers or members of the Board, all non-employee directors of the Company, and consultants of the Company and its subsidiaries. The Board’s Compensation Committee administers the 2015 Plan. An aggregate of 100,000 shares of common stock were reserved for issuance for awards granted under the 2015 Plan. The 2015 Plan provides that the aggregate number of shares that may be issued or transferred pursuant to incentive options is 100,000. In any calendar year, a participant may not be awarded grants covering more than 20,000 shares. At September 30, 2017 and December 31, 2016, stock option awards for 30,000 and 45,000 shares, respectively, were outstanding under the 2015 Plan. The Company assumed the Jefferson Bancorp, Inc. 2010 Stock Option Plan (the “Jefferson Plan”) in 2013 when it merged (the “Jefferson Merger”) with Jefferson Bancorp, Inc. (“Jefferson”). The Jefferson Plan was approved by Jefferson’s Board of Directors in September 2010 and adopted by its stockholders in April 2011. Awards were available for grant to officers, employees and non-employee directors, independent consultants and contractors of Jefferson and its affiliates, including the Bank. The Jefferson Plan is administered by the Board’s Compensation Committee. The Jefferson Plan authorized the issuance of up to 577,642 shares of common stock (as adjusted for the Jefferson Merger’s exchange ratio of 2.2217) and had a term of 10 years. In general, options granted under the Jefferson Plan have an exercise price equal to 100% of the fair market value of the common stock at the date of the grant and have 10-year terms. Options relating to a total of 55,544 and 156,072 shares of common stock were outstanding at September 30, 2017 and December 31, 2016, respectively. The Carrollton Bancorp 2007 Equity Plan (the “Carrollton Plan” and, together with the 2015 Plan and the Jefferson Plan, the “Equity Plans”) was adopted by the Board of Directors of Carrollton Bancorp in March 2007 and approved by the stockholders of Carrollton Bancorp in April 2007. The Carrollton Plan is a broad-based plan that permits the grant of stock options, stock appreciation rights, stock awards and performance units. The Carrollton Plan reserved 500,000 shares of common stock were issuance. Options relating to a total of 91,000 and 186,558 shares of common stock were outstanding at September 30, 2017 and December 31, 2016, respectively. The following table summarizes changes in the Company’s stock options outstanding and exercisable at September 30, 2017 and December 31, 2016. Weighted Average Weighted Average Stock Options Exercise Remaining Outstanding Price Contractual Life (years) Outstanding, December 31, 2016 387,630 $ 5.32 6.1 Granted 10,000 7.00 9.3 Exercised (175,306) 3.71 Forfeited or expired (45,780) 4.30 Outstanding, September 30, 2017 176,544 $ 5.13 6.0 Exercisable, September 30, 2017 122,544 $ 4.99 5.1 Stock-based compensation expense is recognized on a straight-line basis over the service period of the stock options and is recorded in noninterest expense. For the nine-month periods ended September 30, 2017 and 2016, option award stock-based compensation expense applicable to the Plans was $ 32,847 and $ 41,020 , respectively. Unrecognized stock-based compensation expense attributable to non-vested options was $ 68,172 at September 30, 2017. This amount is expected to be recognized over a remaining weighted average period of approximately 2. 8 years. Restricted Stock Awards On June 26, 2013, the Company’s Board of Directors revised its director compensation policy to provide for an annual grant to each non-employee director of an award of shares of restricted common stock having a fair market value of $10,000 that will vest one year after the date of the grant. The Company has an incentive stock award program (the “Program”) covering substantially all full-time employees. At September 30, 2017, 104,012 restricted shares of the Company’s common shares have been granted under the Program. At September 30, 2017 and December 31, 2016, total restricted share grants relating to 50,662 shares and 66,093 shares, respectively, of unvested restricted common stock were outstanding. A total of 1 3,250 shares of restricted common stock were granted to the eight eligible directors on May 25, 2017. Total stock-based compensation expense attributable to the shares of restricted common stock was $161,924 and $ 59,999 for the nine-month periods ended September 30, 2017 and 2016, respectively. The total unrecognized compensation expense attributable to the shares of restricted common stock was $ 249,095 at September 30, 2017. This amount is expected to be recognized over a remaining weighted average period of approximately 1. 4 years.

DEFINED BENEFIT PENSION PLAN

DEFINED BENEFIT PENSION PLAN	9 Months Ended
	Sep. 30, 2017
DEFINED BENEFIT PENSION PLAN
DEFINED BENEFIT PENSION PLAN	NOTE 12 – DEFINED BENEFIT PENSION PLAN The Carrollton Bank Retirement Income Plan (the “Pension Plan”) provides defined benefits based on years of service and final average salary. Effective December 31, 2004, all benefit accruals for existing employees were frozen and no new employees were eligible for benefits under the Pension Plan . The components of net periodic pension benefit are as follows: Nine Months Ended September 30, Net Periodic Pension Benefit 2017 2016 Service cost $ 54,501 $ 54,674 Interest cost 204,030 338,672 Expected return on plan assets (315,644) (482,811) Net periodic pension benefit $ (57,113) $ (89,465) 401(k) Plan The Company has a 401(k) profit sharing plan covering substantially all full-time employees. For 2015, the Company made a discretionary employer matching contribution that was paid in shares of the Company’s common stock, in an amount equal to 50% of a participant’s contributions made between July 1, 2015 and December 31, 2015 capped at 2% of his or her compensation for 2015. These contributions were made in 2016. For 2016, the Company made a discretionary employer matching contribution, to be paid in cash in 2017, in an amount equal to 50% of employee participant’s annual contributions, capped at 3% of his or her compensation for 2016. The expense associated with this plan during the nine-month periods ended September 30, 2017 and 2016 was $109,875 and $215,689, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2017
INCOME TAXES
INCOME TAXES	NOTE 13 – INCOME TAXES The differences between the statutory federal income tax rate of 34% and the effective tax rate for the Company are reconciled as follows: Three Months Ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Income tax expense at federal statutory rate 34.0 % 34.0 % 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt income (1.5) % (1.9) % (1.8) % (1.7) % State income taxes, net of federal income tax benefit 5.9 % 5.6 % 5.5 % 5.6 % Incentive stock options 1.3 % 0.6 % 0.9 % 0.5 % Other nondeductible (income) expenses 0.2 % (6.9) % 0.1 % (2.6) % Effective income tax rate 39.9 % 31.4 % 38.7 % 35.8 % The effective tax rate for the three- and nine-month periods ended September 30, 2017 was 39.9% and 38.7%, respectively. The effective tax rate for the three- and nine-month periods ended September 30, 2016 was 31.4% and 35.8%, respectively. In accordance with FASB ASC 740-270, Accounting for Interim Reporting, the provision for income taxes was recorded at September 30, 2017 and 2016 based on the current estimate of the effective annual rate.

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE	9 Months Ended
	Sep. 30, 2017
NET INCOME PER COMMON SHARE
NET INCOME PER COMMON SHARE	NOTE 14 - NET INCOME PER COMMON SHARE Basic earnings per common share is derived by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period and does not include the effect of any potentially dilutive common stock equivalents. Diluted earnings per share is derived by dividing net income available to common stockholders by the weighted-average number of shares outstanding, adjusted for the dilutive effect of outstanding common stock equivalents. There is no per share dilutive effect during a loss period . The calculations of net income per common share for the three- and nine-month periods ended September 30, 2017 and 2016 were as follows: Three Months Ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Basic earnings per share: Net income available to common stockholders $ 2,198,836 $ 374,226 $ 4,381,003 $ 1,009,729 Weighted average shares outstanding 10,655,098 10,635,740 10,586,994 10,848,931 Net income per share - basic $ 0.21 $ 0.04 $ 0.41 $ 0.09 Diluted earnings per share: Net income available to common stockholders $ 2,198,836 $ 374,226 $ 4,381,003 $ 1,009,729 Weighted average shares outstanding 10,655,098 10,635,740 10,586,994 10,848,931 Dilutive potential shares 150,693 113,642 133,709 108,110 Total diluted average shares outstanding 10,805,791 10,749,382 10,720,703 10,957,041 Net income per share - diluted $ 0.20 $ 0.03 $ 0.41 $ 0.09

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Sep. 30, 2017
COMMITMENTS AND CONTINGENT LIABILITIES
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 15 - COMMITMENTS AND CONTINGENT LIABILITIES The Company is a party to financial instruments with off-balance sheet risk in the normal course of business. These financial instruments include loan commitments, unused lines of credit, standby letters of credit and mortgage loan repurchase obligations. The Company uses these financial instruments to meet the financing needs of its customers and provide the Company a source of fee income. Financial instruments involve, to varying degrees, elements of credit, interest rate and liquidity risk. These do not represent unusual risks and management does not anticipate any losses which would have a material effect on the accompanying consolidated financial statements. Outstanding loan commitments, lines and letters of credit obligations and mortgage loan repurchase obligations at September 30, 2017 and December 31, 2016 were as follows: September 30, 2017 December 31, 2016 Loan commitments $ 7,339,254 $ Unused lines of credit 124,470,241 Standby letters of credit 8,120,345 Mortgage loan repurchase obligations 3,743,837 7,177,755 Loan commitments and unused lines of credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. The Company generally requires collateral to support financial instruments with credit risk on the same basis as it does for on-balance sheet instruments. The collateral requirement is based on management's credit evaluation of the counter party. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Each customer's creditworthiness is evaluated on a case-by-case basis. Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. On September 20, 2016, shortly after the Company’s merger with Hopkins Bancorp, Inc. (“Hopkins”) and the related merger of Hopkins Federal Savings Bank (“Hopkins Bank”) with and into the Bank (collectively, the “Hopkins Merger”), Alvin M. Lapidus, the former Chairman of Hopkins and Hopkins Bank, and Lois F. Lapidus, his wife, filed a lawsuit against the Bank in the United States District Court, District of Maryland, in which they alleged that a former employee of Hopkins Bank embezzled approximately $1.48 million from their deposit accounts at Hopkins Bank prior to the Hopkins Merger. The complaint sought damages in the amount that was allegedly embezzled plus interest. This former employee was criminally charged in federal court and plead guilty to Wire Fraud, in violation of 18 U.S.C. § 1343, and Embezzlement by a Bank Employee, in violation of 18 U.S.C. § 656, and the information supporting her plea agreement identifies Mr. and Mrs. Lapidus as victims. This former employee was sentenced in May 2017. In September 2017, the Bank settled this case and agreed to pay approximately $1.4 million to Mr. and Mrs. Lapidus. The Bank received payments totaling approximately $1.5 million under its insurance policies to cover this settlement amount and a portion of its legal costs relating to this litigation. In the ordinary course of business, the Company has various outstanding contingent liabilities that are not reflected in the accompanying consolidated financial statements. In the opinion of management, after consulting with legal counsel, the ultimate disposition of these matters is not expected to have a material adverse effect on the financial condition of the Company. The Company originates and sells mortgage loans, primarily to other financial institutions, and provides various representations and warranties related to, among other things, the ownership of the loans, the validity of the liens, the loan selection and origination process, and the compliance to the origination criteria established by the purchasing institution. In the event of a breach of the Company’s representations or warranties, the Company may be obligated to repurchase the loans with identified defects or to indemnify the buyers. The Company’s contractual obligation arises only when the breach of a representation or warranty is discovered and repurchase is demanded by the purchaser. The loan balances subject to repurchase were $3.7 million and $7.2 million at September 30, 2017 and December 31, 2016, respectively. Management does not expect losses resulting from repurchase requests to be material to reported financial results .

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2017
FAIR VALUE
FAIR VALUE	NOTE 16 – FAIR VALUE The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with FASB ASC Topic 820, Fair Value Measurements and Disclosures, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. The Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 - Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets and liabilities. Level 2 - Valuation is based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 – Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. In accordance with FASB’s guidance, impaired loans where an allowance is established based on the fair value of collateral and real estate acquired through foreclosure requires classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price or a current appraised value, the Company measures and records the loan or real estate acquired through foreclosure as nonrecurring Level 2. When an appraised value is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company measures and records the loan or real estate acquired through foreclosure as nonrecurring Level 3. The value of real estate collateral is determined based on appraisals by qualified licensed appraisers hired by the Company. Impaired loans and real estate acquired through foreclosure are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors identified above. Assets Recorded at Fair Value on a Recurring Basis The following methods and assumptions were used by the Company to measure certain assets recorded at fair value on a recurring basis in the consolidated financial statements. Investment Securities Available for Sale The fair value of investment securities available for sale is the market value based on quoted market prices when available (Level 1). If listed prices or quotes are not available, fair value is based upon quoted market prices for similar assets or, due to the limited market activity of the instrument, externally developed models that use significant observable inputs (Level 2) or externally developed models that use unobservable inputs due to limited or no market activity of the instrument (Level 3). It includes model pricing, defined as valuing securities based upon their relationship with other benchmark securities and market information from third party sources. In the absence of current market activity, securities may be evaluated either by reference to similarly situated bonds or based on the liquidation value or restructuring value of the underlying assets. There was no change in valuation techniques used to measure fair value of securities available for sale for the nine- months ended September 30, 2017. The tables below present the recorded amount of assets measured at fair value on a recurring basis at September 30, 2017 and December 31, 2016: Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable September 30, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 6,865,607 $ — $ 6,865,607 $ — U.S. treasury securities 8,722,380 — 8,722,380 — Residential mortgage-backed securities 33,352,033 — 33,352,033 — State and municipal 2,588,725 — 2,588,725 — Corporate obligations 6,339,390 — 6,339,390 — Equity securities 15,062 15,062 — — $ 57,883,197 $ 15,062 $ 57,868,135 $ — Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 7,773,118 $ — $ 7,773,118 $ — U.S. treasury securities 8,623,259 — 8,623,259 — Residential mortgage-backed securities 30,813,481 — 30,813,481 — State and municipal 2,637,280 — 2,637,280 — Corporate obligations 10,328,455 — 10,328,455 — Equity securities 57,134 57,134 — — $ 60,232,727 $ 57,134 $ 60,175,593 $ — Assets Recorded at Fair Value on a Nonrecurring Basis On a nonrecurring basis, the Company may be required to measure certain assets at fair value in accordance with U.S. GAAP. These adjustments to fair value usually result from application of lower of cost or fair value accounting or write-downs of individual assets due to impairment. The following methods and assumptions were used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the consolidated financial statements: Loans Held for Sale Loans held for sale are recorded at the lower of cost or estimated market value on an aggregate basis. Market value is determined based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale. As such, the Company records any fair value adjustments on a nonrecurring basis. No nonrecurring fair value adjustments were recorded on loans held for sale during the nine-month period ended September 30, 2017 or the year ended December 31, 2016. Impaired Loans Loans for which it is probable that payment of principal and interest will not be made in accordance with the contractual terms of the loan are considered impaired. Once a loan is identified as individually impaired, management measures impairment in accordance with ASC Topic 310, using the present value of expected cash flows, the loan’s observable market price, or the fair value of collateral (less estimated selling costs) if the loan is collateral dependent. A specific allowance for loan loss is then established or a charge-off is recorded if the loan is collateral dependent and the loan is classified at a Level 3 in the fair value hierarchy. Appraised collateral values may be discounted based on management’s historical knowledge, changes in market conditions from the time of valuation, and/or management’s expertise and knowledge of the borrower’s business. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the factors identified above. Valuation techniques are consistent with those applied in prior periods. Real Estate Acquired Through Foreclosure Real estate acquired through foreclosure (“REO”) is adjusted to fair value upon transfer of the loan to REO and is classified at a Level 3 in the fair value hierarchy. Subsequently, the REO is carried at the lower of carrying value or fair value. The estimated fair value for REO included in Level 3 is determined by independent market based appraisals and other available market information, less estimated costs to sell, that may be reduced further based on market expectations or an executed sales agreement. If the fair value of REO deteriorates subsequent to the period of transfer, the REO is also classified at a Level 3 in the fair value hierarchy. Valuation techniques are consistent with those techniques applied in prior periods. The tables below presents the recorded assets measured at fair value on a nonrecurring basis at September 30, 2017 and December 31, 2016: Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable September 30, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 729,133 $ — $ — $ 729,133 Real estate acquired through foreclosure 1,077,687 — — 1,077,687 $ 1,806,820 $ — $ — 1,806,820 Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 819,877 $ — $ — $ 819,877 Real estate acquired through foreclosure 1,224,939 — — 1,224,939 $ 2,044,816 $ — $ — 2,044,816 Quantitative Information about Level 3 Fair Value Measurements September 30, 2017 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 729,133 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,077,687 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 819,877 $ Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,224,939 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not observable. (2) Appraisals may be adjusted by management for qualitative factors such as estimated selling cost. The range and weighted average of estimated selling cost and other appraisal adjustments are presented as a percent of the appraisal. Fair Value of Financial Instruments The Company discloses fair value information about financial instruments, for which it is practicable to estimate the value, whether or not such financial instruments are recognized on the balance sheets. Fair value is the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation, and is best evidenced by a quoted market price, if one exists. Quoted market prices, where available, are shown as estimates of fair market values. Because no quoted market prices are available for a significant part of the Company's financial instruments, the fair values of such instruments have been derived based on the amount and timing of estimated future cash flows and using market discount rates. Present value techniques used in estimating the fair value of many of the Company's financial instruments are significantly affected by the assumptions used. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate cash settlement of the instrument. Additionally, the accompanying estimates of fair values are only representative of the fair values of the individual financial assets and liabilities and should not be considered an indication of the fair value of the Company. The following disclosure of estimated fair values of the Company's financial instruments at September 30, 2017 and December 31, 2016 is made in accordance with the requirements of ASC Topic 820: Level in Fair September 30, 2017 December 31, 2016 Value Carrying Estimated fair Carrying Estimated fair Hierarchy Amount value Amount value Financial assets: Cash and cash equivalents Level 1 $ 39,524,954 $ 41,666,202 $ 40,027,456 40,027,456 Investment securities available for sale (debt) Level 2 57,868,135 57,868,135 60,175,593 60,175,593 Investment securities available for sale (equity) Level 1 15,062 15,062 57,134 57,134 Investment securities held to maturity (debt) Level 2 1,094,740 1,087,509 1,158,238 1,149,342 Restricted equity securities Level 2 1,939,795 1,939,795 1,823,195 1,823,195 Loans held for sale Level 2 401,803 401,803 1,613,497 1,613,497 Loans, net of allowance Level 3 521,211,844 523,212,000 484,280,560 487,325,072 Accrued interest receivable Level 2 2,018,900 1,870,876 1,884,945 1,884,945 Financial liabilities: Deposits Level 3 549,355,766 549,504,000 526,458,394 526,119,460 Accrued interest payable Level 2 40,275 40,275 16,406 16,406 Borrowings Level 2 25,000,000 25,000,000 20,000,000 20,000,000 The following methods and assumptions were used to estimate the fair value of each category of financial instruments for which it is practicable to estimate that value: Cash and due from banks, federal funds sold and overnight investments. The carrying amount approximated the fair value. Investment securities (available for sale) . See recurring fair value measurements above for methods. Investment securities (held to maturity) . The fair value of debt securities is based upon quoted prices for similar assets or externally developed models that use significant observable inputs. Restricted equity securities . Since these stocks are restricted as to marketability, the carrying value approximated fair value. Loans held for sale. The carrying amount approximated the fair value. Loans held for sale are recorded at the lower of cost or estimated market value on an aggregate basis. Market value is determined based on the price secondary markets are currently offering for similar loans using observable market data which is not materially different than cost due to the short duration between origination and sale. Loans. The fair value of loans, except for PCI loans that are collateral-dependent, was estimated by computing the discounted value of estimated cash flows, adjusted for probable credit losses, for pools of loans having similar characteristics. The discount rate was based upon the current market rate for a similar loan. The fair value of PCI loans that are collateral-dependent was determined based on the estimated fair value of collateral less estimated costs to sell. Nonperforming loans have an assumed interest rate of 0%. Accrued interest receivable and payable. The carrying amount approximated the fair value of accrued interest, considering the short-term nature of the instrument and its expected collection. Deposit liabilities. The fair value of demand, money market savings and regular savings deposits, which have no stated maturity, were considered equal to their carrying amount, representing the amount payable on demand. The fair value of time deposits was based upon the discounted value of contractual cash flows at current rates for deposits of similar remaining maturity. Short-term borrowings. The carrying amount of fixed rate FHLB advances and ACBB borrowings approximated fair value due to the short-term nature of the instrument. The carrying amount of variable rate FHLB advances and ACBB borrowings approximated the fair value. Off-balance sheet instruments. The Company charges fees for commitments to extend credit. Interest rates on loans, for which these commitments are extended, are normally committed for periods of less than one month. Fees charged on standby letters of credit and other financial guarantees are deemed to be immaterial and these guarantees are expected to be settled at face amount or expire unused. It is impractical to assign any fair value to these commitments .

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2017
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 17 – REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. In July 2013, federal bank regulatory agencies issued final rules to revise their risk-based capital requirements and the method for calculating risk-weighted assets to make them consistent with agreements that were reached by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act (“Basel III”). On January 1, 2015, the Basel III rules became effective and include transition provisions which implement certain portions of the rules through January 1, 2019. Under the final rules, the effects of certain accumulated other comprehensive items are not excluded; however, banking organizations like the Company and the Bank that are not considered “advanced approaches” banking organizations may make a one-time permanent election to continue to exclude these items. With the submission of the Call Report for the first quarter of 2015, the Company and the Bank made this election in order to avoid significant variations in the level of capital that can be caused by interest rate fluctuations on the fair value of the Bank’s available for sale securities portfolio and by fluctuations in the net periodic pension benefit/obligation attributable to the Bank’s defined benefit pension plan. In addition, the Office of the Comptroller of the Currency (the “OCC”) requires that FSBs, like the Bank, maintain a minimum level of Tier 1 capital to average total assets excluding intangibles. This measure is known as the leverage ratio. The current regulatory minimum for the leverage ratio for institutions to be considered “well capitalized” is 5%, but an individual institution could be required to maintain a higher level. In connection with the merger of Carrollton Bank with and into the Bank, the Bank entered into an Operating Agreement with the OCC (the “Operating Agreement”) pursuant to which the Bank agreed, among other things, to maintain a leverage ratio of 10% for the term of the Operating Agreement. In 2016, the OCC reduced the required leverage ratio for the Bank to at least 8.5%. The Operating Agreement will remain in effect until it is terminated by the OCC or the Bank ceases to be an FSB. The following table summarizes capital ratios and related information in accordance with Basel III as measured at September 30, 2017 and December 31, 2016. For disclosure regarding changes resulting from Basel III see the Item 2 of Part I of this report under the heading, “CAPITAL RESOURCES”. The Bank was classified in the well capitalized category at both September 30, 2017 and December 31, 2016 under the regulatory capital rules in effect at each date. The capital levels of the Bank at September 30, 2017 also exceeded the minimum capital requirements shown in the table below including the currently applicable Conservation Buffer of 1.2500%. Since September 30, 2017, no conditions or events have occurred, of which the Company is aware, that have resulted in a material change in the Bank's regulatory risk category other than as reported in this report. Actual capital amounts and ratios for the Bank are presented on the following tables (dollars in thousands): To Be Well Minimum Capital Capitalized Under Minimum Requirements with Prompt Corrective Actual Capital Requirements Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio At September 30, 2017: Common Equity Tier 1 Capital $ 67,797 % $ 24,859 4.50 % $ 31,765 5.75 % $ 35,908 6.50 % Tier I Risk-Based Capital Ratio $ 67,797 % $ 33,146 6.00 % $ 40,051 7.25 % $ 44,194 8.00 % Total Risk-Based Capital Ratio $ 71,847 % $ 44,194 8.00 % $ 51,100 9.25 % $ 55,243 10.00 % Tier 1 Leverage Ratio $ 67,797 % $ 25,751 4.00 % $ 33,798 5.25 % $ 32,189 5.00 % At December 31, 2016: Common Equity Tier 1 Capital $ 63,057 % $ 23,039 4.50 % $ 26,239 5.125 % $ 33,279 6.50 % Tier I Risk-Based Capital Ratio $ 63,057 % $ 30,719 6.00 % $ 33,919 6.625 % $ 40,959 8.00 % Total Risk-Based Capital Ratio $ 65,883 % $ 40,959 8.00 % $ 44,159 8.625 % $ 51,199 10.00 % Tier 1 Leverage Ratio $ 63,057 % $ 24,133 4.00 % $ 27,904 4.625 % $ 30,166 5.00 % Banking regulations also limit the amount of dividends that may be paid without prior approval by an FSB's regulatory agencies. In addition to these regulations, the Bank agreed in the Operating Agreement that it would not declare or pay any dividends or otherwise reduce its capital unless it is in compliance with the Operating Agreement, including the minimum capital requirements. The Bank received regulatory approval to pay a $23.27 million one-time cash dividend to the Company in July 2016 to be used to purchase all of the outstanding shares of Hopkins common stock in the Hopkins Merger. In addition to these regulatory restrictions, it should be noted that the declaration of dividends is at the discretion of the Company’s Board of Directors and will depend, in part, on the Company’s earnings and future capital needs. Accordingly, there can be no assurance that dividends will be declared in any future period. Due to the Bank’s desire to preserve capital to fund its growth, the Company does not anticipate paying dividends for the foreseeable future. The Bank is required to maintain reserves against certain deposit liabilities which was satisfied with vault cash and balances on deposit with the Reserve Bank during the reserve maintenance periods that included September 30, 2017 and December 31, 2016. Under current Federal Reserve regulations, the Bank is limited in the amount it may lend to the parent company and its nonbank subsidiaries. Loans to a single affiliate may not exceed 10%, and loans to all affiliates may not exceed 20% of the Bank’s capital stock, surplus, and undivided profits, plus the allowance for loan and lease losses. Loans from the Bank to nonbank affiliates, including the parent company, are also required to be collateralized according to regulatory guidelines. At September 30, 2017, there were no loans from the Bank to any nonbank affiliate, including the parent company.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
	Sep. 30, 2017
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	NOTE 18 – OTHER COMPREHENSIVE INCOME Comprehensive income is defined as net income plus transactions and other occurrences that are the result of non-owner changes in equity. For financial statements presented by the Company, non-equity changes are comprised of unrealized gains or losses on available for sale debt securities and any minimum pension liability adjustments. These items do not have an impact on the Company’s net income. The Company reflects the funded status of defined benefit pension plan liabilities on the balance sheet, which at September 30, 2017 was $0.6 million. The following table presents the activity in net accumulated other comprehensive income for the periods indicated. Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2016 $ (202,262) $ 232,645 $ 30,383 Other comprehensive income: Other comprehensive income before reclassification adjustments 264,422 380,328 644,750 Amounts reclassified from comprehensive loss 35,697 - 35,697 Other comprehensive income 300,119 380,328 680,447 Balance at September 30, 2017 $ 97,857 $ 612,973 $ 710,830 Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2015 $ 168,814 $ 404,746 $ 573,560 Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 573,696 (338,315) 235,381 Amounts reclassified from comprehensive loss (292,504) - (292,504) Other comprehensive income (loss) 281,192 (338,315) (57,123) Balance at September 30, 2016 $ 450,006 $ 66,431 $ 516,437 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended September 30, 2017 Other comprehensive income (loss): Unrealized gain on AFS debt securities: Net AFS debt securities gain (loss) $ 17,437 $ (4,627) $ 12,810 Reclassification adjustments 64,898 (25,881) 39,017 Net income (loss) recognized in other comprehensive income (loss) 82,335 (30,508) 51,827 Defined benefit pension plan adjustments: Net actuarial income (loss) 332,080 (128,681) 203,399 Net income (loss) recognized in other comprehensive income (loss) 332,080 (128,681) 203,399 Other comprehensive income (loss) $ 414,415 $ (159,189) $ 255,226 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended September 30, 2016 Other comprehensive income (loss): Unrealized loss on AFS debt securities Net AFS debt securities gain (loss) 55,614 (11,823) 43,791 Reclassification adjustments - - - Other comprehensive income (loss) $ 55,614 $ (11,823) $ 43,791 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the nine months ended September 30, 2017 Other comprehensive income (loss): Unrealized gain on AFS debt securities: Gross AFS securities gain (loss) $ 420,702 $ (156,280) $ 264,422 Reclassification adjustments 59,377 (23,680) 35,697 Net income (loss) recognized in other comprehensive income (loss) 480,079 (179,960) 300,119 Defined benefit pension plan adjustments: Net actuarial income (loss) 647,271 (266,943) 380,328 Net income (loss) recognized in other comprehensive income (loss) 647,271 (266,943) 380,328 Other comprehensive income (loss) $ 1,127,350 $ (446,903) $ 680,447 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the nine months ended September 30, 2016 Other comprehensive (loss) income: Unrealized gain on AFS debt securities: Gross AFS securities gain (loss) $ 933,926 $ (360,230) $ 573,696 Reclassification adjustments (486,534) 194,030 (292,504) Net income (loss) recognized in other comprehensive income (loss) 447,392 (166,200) 281,192 Defined benefit pension plan adjustments: Net actuarial (loss) income (558,690) 220,375 (338,315) Net (loss) income recognized in other comprehensive (loss) income (558,690) 220,375 (338,315) Other comprehensive (loss) income $ (111,298) $ 54,175 $ (57,123)

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2017
DISCONTINUED OPERATIONS
Summary of financial information for discontinued operations related to iReverse	September 30, 2016 ASSETS Cash and cash equivalents $ 1,011,741 Other assets 53,760 Total assets 1,065,501 LIABILITIES Accrued expenses and other liabilities (805,865) Total liabilities (805,865) Net assets of discontinued operations $ 259,636 Nine Months Ended September 30, 2016 NONINTEREST INCOME Mortgage brokerage operations $ 1,409,240 Bargain purchase gain 151,943 Total noninterest income 1,561,183 NONINTEREST EXPENSES Salaries and employee benefits 925,212 Occupancy and equipment expenses 17,208 Legal, accounting and other professional fees 4,390 Advertising and marketing related expenses 107,857 Other expenses 262,168 Total Noninterest Expenses 1,316,835 Income before taxes 244,348 Income tax expense 16,127 Net income from discontinued operations $ 228,221 Net income from discontinued operations attributable to non-controlling interest $ 138,212 Net income available to common stockholders $ 90,009

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2017
INVESTMENT SECURITIES
Summary Of Investment Securities	Available for Sale Amortized Gross Unrealized Estimated September 30, 2017 cost Gains Losses Fair Value U.S. government agency $ 6,769,114 $ 97,945 $ (1,452) $ 6,865,607 U.S. treasury securities 8,750,079 29,944 (57,643) 8,722,380 Residential mortgage-backed securities 33,331,263 248,208 (227,438) 33,352,033 State and municipal 2,584,008 5,052 (335) 2,588,725 Corporate bonds 6,249,873 91,997 (2,480) 6,339,390 Total debt securities 57,684,337 473,146 (289,348) 57,868,135 Equity securities 18,765 — (3,703) 15,062 Totals $ 57,703,102 $ 473,146 $ (293,051) $ 57,883,197 Held-to-Maturity Amortized Gross Unrealized Estimated September 30, 2017 cost Gains Losses Fair Value Residential mortgage-backed securities 1,094,740 (7,231) 1,087,509 Total debt securities 1,094,740 — (7,231) 1,087,509 Totals $ 1,094,740 $ — $ (7,231) $ 1,087,509 Available for Sale Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value U.S. government agency $ 7,748,481 $ 68,493 $ (43,856) $ 7,773,118 U.S. treasury securities 8,728,284 14,812 (119,837) 8,623,259 Residential mortgage-backed securities 30,952,601 197,495 (336,615) 30,813,481 State and municipal 2,638,214 2,421 (3,355) 2,637,280 Corporate bonds 10,372,549 1,647 (45,741) 10,328,455 Total debt securities 60,440,129 284,868 (549,404) 60,175,593 Equity securities 92,585 6,021 (41,472) 57,134 Totals $ 60,532,714 $ 290,889 $ (590,876) $ 60,232,727 Held-to-Maturity Amortized Gross Unrealized Estimated December 31, 2016 cost Gains Losses Fair Value Residential mortgage-backed securities $ 1,158,238 $ — $ (8,896) $ 1,149,342 Total debt securities 1,158,238 — (8,896) 1,149,342 Totals $ 1,158,238 $ — $ (8,896) $ 1,149,342
Securities With Unrealized Losses By Length Of Impairment	The following table provides information about securities with unrealized losses segregated by length of impairment at September 30, 2017: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2017 Value Losses Value Losses Value Losses U.S. government agency $ — $ — $ 998,130 $ (1,452) $ 998,130 $ (1,452) U.S. treasury securities 2,809,110 (57,643) — — 2,809,110 (57,643) Residential mortgage-backed securities 10,520,387 (113,767) 4,792,922 (113,671) 15,313,309 (227,438) State and municipals — — 325,007 (335) 325,007 (335) Corporate bonds 2,497,520 (2,480) — — 2,497,520 (2,480) Total debt securities 15,827,017 (173,890) 6,116,059 (115,458) 21,943,076 (289,348) Equity securities — — 15,062 (3,703) 15,062 (3,703) Totals $ 15,827,017 $ (173,890) $ 6,131,121 $ (119,161) $ 21,958,138 $ (293,051) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized September 30, 2017 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,087,509 (7,231) — — 1,087,509 (7,231) Total debt securities $ 1,087,509 $ (7,231) $ — $ — $ 1,087,509 $ (7,231) The following table provides information about securities with unrealized losses segregated by length of impairment at December 31, 2016: Less than 12 months 12 months or longer Total Available for Sale Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses U.S. government agency $ 3,983,930 $ (43,856) $ — $ — $ 3,983,930 $ (43,856) U.S. treasury securities 5,645,640 (119,837) — — 5,645,640 (119,837) Residential mortgage-backed securities 17,368,416 (315,284) 563,545 (21,331) 17,931,961 (336,615) State and municipals 1,042,964 (3,355) — — 1,042,964 (3,355) Corporate bonds 7,973,405 (45,741) — — 7,973,405 (45,741) Total debt securities 36,014,355 (528,073) 563,545 (21,331) 36,577,900 (549,404) Equity securities — — 25,180 (41,472) 25,180 (41,472) Totals $ 36,014,355 $ (528,073) $ 588,725 $ (62,803) $ 36,603,080 $ (590,876) Less than 12 months 12 months or longer Total Held-to-Maturity Fair Unrealized Fair Unrealized Fair Unrealized December 31, 2016 Value Losses Value Losses Value Losses Residential mortgage-backed securities 1,149,342 (8,896) — — 1,149,342 (8,896) Total debt securities $ 1,149,342 $ (8,896) $ — $ — $ 1,149,342 $ (8,896)
Contractual Maturities Of Debt Securities	2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Available for sale Within one year $ 5,558,092 $ 5,555,806 $ 6,122,743 $ 6,100,576 Over one to five years 7,971,121 8,088,727 12,570,847 12,642,656 Over five to ten years 10,823,861 10,871,569 7,765,282 7,627,060 Over ten years — — 3,028,656 2,991,820 Residential mortgage-backed securities 33,331,263 33,352,033 30,952,601 30,813,481 Totals $ 57,684,337 $ 57,868,135 $ 60,440,129 $ 60,175,593 2017 2016 Amortized Fair Amortized Fair Cost Value Cost Value Held to maturity Over ten years 1,094,740 1,087,509 1,158,238 1,149,342 Totals $ 1,094,740 $ 1,087,509 $ 1,158,238 $ 1,149,342

LOANS AND ALLOWANCE FOR LOAN 28

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2017
LOANS AND ALLOWANCE FOR LOAN LOSSES
Major Classifications Of Loans	September 30, December 31, 2017 2016 Commercial & Industrial $ 75,199,392 $ 67,234,642 Commercial Real Estate 237,231,622 205,495,337 Residential Real Estate 145,405,123 153,368,115 Home Equity Line of Credit 34,201,351 33,256,012 Land 1,998,511 5,870,999 Construction 29,278,544 19,804,912 Consumer & Other 1,946,948 2,073,696 Total Loans 525,261,491 487,103,713 Less: Allowance for Loan Losses (4,049,647) (2,823,153) Net Loans $ 521,211,844 $ 484,280,560
Activity In The Allowance for Credit Losses By Portfolio Segment	Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 463,792 $ 1,439,421 $ 1,290,158 $ 224,508 $ 12,188 $ 165,516 $ 12,901 $ 3,608,484 Charge-offs — — (56,037) — — — (2,337) (58,374) Recoveries 112 — 87,037 — 98,091 — 334 185,574 Provision 74,998 192,399 76,873 19,189 (97,244) 44,609 3,139 313,963 Ending balance $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 Nine Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Charge-offs — — (281,977) — — (15,593) (2,337) (299,907) Recoveries 300 — 150,770 — 98,091 — 434 249,595 Provision 168,745 548,965 485,460 59,401 (104,215) 114,215 4,235 1,276,806 Ending balance $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 Three Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 284,006 $ 939,888 $ 800,909 $ 175,004 $ 17,467 $ 69,181 $ 6,495 $ 2,292,950 Charge-offs — — (205,721) — — — — (205,721) Recoveries — — 556 — — — — 556 Provision 36,170 (19,721) 327,528 (9,769) (3,843) 25,080 4,555 360,000 Ending balance $ 320,176 $ 920,167 $ 923,272 $ 165,235 $ 13,624 $ 94,261 $ 11,050 $ 2,447,785 Nine Months: Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Beginning balance $ 210,798 $ 727,869 $ 593,084 $ 157,043 $ 15,713 $ 62,967 $ 5,535 $ 1,773,009 Charge-offs — — (380,135) (2,183) — — (480) (382,798) Recoveries — — 42,041 — — — — 42,041 Provision 109,378 192,298 668,282 10,375 (2,089) 31,294 5,995 1,015,533 Ending balance $ 320,176 $ 920,167 $ 923,272 $ 165,235 $ 13,624 $ 94,261 $ 11,050 $ 2,447,785
Loans And The Related Allowance For Credit Losses	Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 446,550 $ — $ — $ — $ — $ 446,550 Ending balance: collectively evaluated for impairment 538,902 1,631,820 951,481 243,697 13,035 210,125 14,037 3,603,097 Totals $ 538,902 $ 1,631,820 $ 1,398,031 $ 243,697 $ 13,035 $ 210,125 $ 14,037 $ 4,049,647 Loans: Ending balance: individually evaluated for impairment $ 463,177 $ — $ 4,891,684 $ 55,319 $ — $ — $ 17,098 $ 5,427,278 Ending balance: collectively evaluated for impairment 74,087,583 224,340,559 130,808,260 33,503,176 1,791,967 28,887,776 1,929,850 495,349,171 Ending balance: loans acquired with deteriorated credit quality (1) 648,632 12,891,063 9,705,179 642,856 206,544 390,768 — 24,485,042 Totals $ 75,199,392 $ 237,231,622 $ 145,405,123 $ 34,201,351 $ 1,998,511 $ 29,278,544 $ 1,946,948 $ 525,261,491 Commercial Commercial Residential Home Equity Consumer & Industrial Real Estate Real Estate Line of Credit Land Construction & Other Total Allowance for loan losses: Ending balance: individually evaluated for impairment $ — $ — $ 270,526 $ — $ — $ — $ — $ 270,526 Ending balance: collectively evaluated for impairment 369,857 1,082,855 773,252 184,296 19,159 111,503 11,705 2,552,627 Totals $ 369,857 $ 1,082,855 $ 1,043,778 $ 184,296 $ 19,159 $ 111,503 $ 11,705 $ 2,823,153 Loans: Ending balance: individually evaluated for impairment $ 641,774 $ 277,515 $ 4,521,110 $ 55,552 $ — $ — $ 5,798 $ 5,501,749 Ending balance: collectively evaluated for impairment 65,341,316 191,303,934 136,607,497 32,558,837 3,384,741 19,698,823 2,067,898 450,963,046 Ending balance: loans acquired with deteriorated credit quality (1) 1,251,552 13,913,888 12,239,508 641,623 2,486,258 106,089 — 30,638,918 Totals $ 67,234,642 $ 205,495,337 $ 153,368,115 $ 33,256,012 $ 5,870,999 $ 19,804,912 $ 2,073,696 $ 487,103,713
Impaired Loans	The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at September 30, 2017 and for the three- and nine-month periods ended September 30, 2017: For the three months ended For the Nine Months Ended At September 30, 2017 September 30, 2017 September 30, 2017 Unpaid Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial & Industrial $ 463,177 $ 548,815 $ — $ 525,917 $ 9,257 $ 569,815 $ 31,027 Commercial Real Estate - Owner occupied — — — — — — — Commercial Real Estate - Investor — — — — — — — Residential Real Estate - Investor 722,320 843,732 — 818,217 1,059 894,492 12,909 Residential Real Estate - Owner occupied 3,236,123 3,434,361 — 3,371,939 28,000 3,526,320 98,238 Home Equity Line of Credit 55,319 85,025 — 71,325 — 73,302 (11) Consumer & Other 17,098 200,965 — 109,031 10 109,611 — With an allowance recorded: Residential Real Estate - Investor 620,190 634,052 277,526 631,865 2,427 648,497 3,980 Residential Real Estate - Owner occupied 555,494 531,131 169,024 559,360 10,344 566,492 (264) Total 5,669,721 6,278,081 446,550 6,087,654 51,097 6,388,529 145,879 Total impaired loans: Commercial & Industrial $ 463,177 $ 548,815 $ — $ 525,917 $ 9,257 $ 569,815 $ 31,027 Commercial Real Estate — — — — — — — Residential Real Estate 5,134,127 5,443,276 446,550 5,381,381 41,830 5,635,801 114,863 Home Equity Line of Credit 55,319 85,025 — 71,325 — 73,302 (11) Consumer & Other 17,098 200,965 — 109,031 10 109,611 — Total $ 5,669,721 $ 6,278,081 $ 446,550 $ 6,087,654 $ 51,097 $ 6,388,529 $ 145,879 The following table presents information with respect to impaired loans, which includes loans acquired with deteriorated credit quality that have current period charge-offs, at December 31, 2016 and for the year ended December 31, 2016: For the year ended For the Nine Months Ended At December 31, 2016 December 31, 2016 September 30, 2016 Unpaid Average Average Average Recorded Principal Related Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized With no related allowance recorded: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 $ 898,165 $ 71,092 Commercial Real Estate - Investor 277,515 277,515 — 294,053 — 298,188 — Residential Real Estate - Investor 785,500 890,719 — 994,674 11,748 1,188,796 12,026 Residential Real Estate - Owner occupied 3,008,832 3,196,027 — 3,225,912 103,916 2,957,677 68,933 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) 88,618 (69) Consumer & Other 5,798 189,204 — 97,501 — 189,204 — With an allowance recorded: Residential Real Estate - Investor 790,537 813,087 268,537 832,508 5,920 596,672 3,967 Residential Real Estate - Owner occupied 159,028 159,028 1,989 160,102 — — — Total 5,724,536 6,350,178 270,526 6,482,714 201,402 6,217,320 155,949 Total impaired loans: Commercial & Industrial $ 641,774 $ 739,128 $ — $ 804,938 $ 79,886 $ 898,165 $ 71,092 Commercial Real Estate 277,515 277,515 — 294,053 — 298,188 — Residential Real Estate 4,743,897 5,058,861 270,526 5,213,196 121,584 4,743,145 84,926 Home Equity Line of Credit 55,552 85,470 — 73,026 (68) 88,618 (69) Construction — — — — — — — Consumer & Other 5,798 189,204 — 97,501 — 189,204 — Total $ 5,724,536 $ 6,350,178 $ 270,526 $ 6,482,714 $ 201,402 $ 6,217,320 $ 155,949
Credit Quality Indicators By Class Of The Loan Portfolio	The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at September 30, 2017: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 70,603,759 $ 96,564 $ 4,499,069 $ — $ 75,199,392 Commercial Real Estate - Investor 153,405,895 — 2,919,456 — 156,325,351 Commercial Real Estate - Owner Occupied 78,667,626 969,541 1,269,104 — 80,906,271 Residential Real Estate - Investor 36,177,561 230,371 5,326,128 — 41,734,060 Residential Real Estate - Owner Occupied 98,274,249 — 5,396,814 — 103,671,063 Home Equity Line of Credit 33,911,062 — 290,289 — 34,201,351 Land 1,891,731 — 106,780 — 1,998,511 Construction 28,887,776 — 390,768 — 29,278,544 Consumer & Other 1,929,850 — 17,098 — 1,946,948 Total $ 503,749,509 $ 1,296,476 $ 20,215,506 $ — $ 525,261,491 The following table provides information with respect to the Company's credit quality indicators by class of the loan portfolio at December 31, 2016: Risk Rating Pass Special Mention Substandard Doubtful Total Commercial & Industrial $ 63,961,379 $ 688,595 $ 2,584,668 $ — $ 67,234,642 Commercial Real Estate - Investor 134,601,346 2,958,695 967,122 — 138,527,163 Commercial Real Estate - Owner Occupied 64,761,020 1,126,705 1,080,449 — 66,968,174 Residential Real Estate - Investor 36,905,288 240,700 7,641,052 — 44,787,040 Residential Real Estate - Owner Occupied 102,367,880 — 6,213,195 — 108,581,075 Home Equity Line of Credit 32,969,668 — 286,344 — 33,256,012 Land 3,513,607 — 2,357,392 — 5,870,999 Construction 19,698,823 — 106,089 — 19,804,912 Consumer & Other 2,067,898 — 5,798 — 2,073,696 Total $ 460,846,909 $ 5,014,695 $ 21,242,109 $ — $ 487,103,713
Classes Of The Loan Portfolio Summarized By Aging Categories Of Performing Loans And Nonaccrual Loans	The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at September 30, 2017. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ — $ — $ — $ — $ 74,326,369 $ 224,391 $ 74,550,760 Commercial Real Estate - Investor — — — — 148,638,857 — 148,638,857 Commercial Real Estate - Owner Occupied 73,183 — — 73,183 75,628,519 — 75,701,702 Residential Real Estate - Investor — — — — 33,610,776 1,100,067 34,710,843 Residential Real Estate - Owner Occupied 46,135 535,025 — 581,160 96,764,677 3,643,263 100,989,100 Home Equity Line of Credit 18,925 253,612 — 272,537 33,230,639 55,319 33,558,495 Land — — — — 1,791,967 — 1,791,967 Construction — — — — 28,887,776 — 28,887,776 Consumer & Other 1,338 — — 1,338 1,928,513 17,098 1,946,949 Total $ 139,581 $ 788,637 $ — $ 928,218 $ 494,808,093 $ 5,040,138 $ 500,776,449 Purchased credit impaired loans 24,485,042 Total Loans $ 525,261,491 The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at December 31, 2016. PCI loans are excluded from this aging and nonaccrual loans schedule. Accrual Loans 30-59 60-89 90 or More Days Days Days Total Nonaccrual Total Past Due Past Due Past Due Past Due Current Loans Loans Commercial & Industrial $ 17,737 $ — $ — $ 17,737 $ 65,582,550 $ 382,802 $ 65,983,089 Commercial Real Estate - Investor — — — — 129,751,253 277,515 130,028,768 Commercial Real Estate - Owner Occupied 139,670 149,119 — 288,789 61,263,891 — 61,552,680 Residential Real Estate - Investor 702,856 — — 702,856 34,114,611 1,260,961 36,078,428 Residential Real Estate - Owner Occupied 2,933,983 373,168 — 3,307,151 98,724,320 3,018,710 105,050,181 Home Equity Line of Credit 136,387 — — 136,387 32,422,450 55,552 32,614,389 Land — — — — 3,384,741 — 3,384,741 Construction 173,105 — — 173,105 19,525,718 — 19,698,823 Consumer & Other — — — — 2,067,898 5,798 2,073,696 Total $ 4,103,738 $ 522,287 $ — $ 4,626,025 $ 446,837,432 $ 5,001,338 $ 456,464,795 Purchased credit impaired loans 30,638,918 Total Loans $ 487,103,713
Troubled Debt Restructurings	The following tables present a breakdown of loans that the Company modified during the three- and nine-month periods ended September 30, 2017 and 2016: Three Months Ended September 30, 2017 Three Months Ended September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial 3 $ 238,786 $ 238,786 — $ — $ — Residential Real Estate - Owner Occupied — — — 2 369,508 369,508 Totals 3 $ 238,786 $ 238,786 2 $ 369,508 $ 369,508 Nine Months Ended September 30, 2017 Nine Months Ended September 30, 2016 Pre-Modification Post-Modification Pre-Modification Post-Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Troubled Debt Restructurings: Commercial & Industrial 3 $ 238,786 $ 238,786 — $ — $ — Residential Real Estate - Investor — — — 1 38,785 38,785 Residential Real Estate - Owner Occupied 2 148,354 148,354 2 369,508 369,508 Totals 5 $ 387,140 $ 387,140 3 $ 408,293 $ 408,293

ACCOUNTING FOR CERTAIN LOANS 29

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER (Tables)	9 Months Ended
	Sep. 30, 2017
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER
Carrying Amount Of Certain Loans Acquired In A Transfer	September 30, 2017 December 31, 2016 Commercial & Industrial $ 648,632 $ 1,251,552 Commercial Real Estate 12,891,063 13,913,888 Residential Real Estate 9,705,179 12,239,507 Home Equity Line of Credit 642,856 641,623 Land 206,544 2,486,259 Construction 390,768 106,089 Total Loans $ 24,485,042 $ 30,638,918
Activity In Accretable Discount Of Certain Loans Acquired In A Transfer	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 1,037,002 $ 193,833 $ 1,315,318 $ 275,730 Acquired through Hopkins Acquisition — 154,748 — 154,748 Reclassification from nonaccretable difference 139,151 242,623 777,671 734,592 Accretion into interest income (175,891) (322,428) (887,792) (807,608) Disposals (31,178) — (236,113) (88,686) Balance at end of period $ 969,084 $ 268,776 $ 969,084 $ 268,776
Activity In The Allowance For Loan Losses For Certain Loans Acquired In A Transfer	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 100,092 $ 34,492 $ 77,175 $ — Charge-offs (53,437) (25,558) (73,825) (40,233) Recoveries 158,387 — 212,548 — Provision for loan losses (85,441) 72,608 (96,297) 121,775 Balance at end of period $ 119,601 $ 81,542 $ 119,601 $ 81,542

REAL ESTATE ACQUIRED THROUGH 30

REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Tables)	9 Months Ended
	Sep. 30, 2017
REAL ESTATE ACQUIRED THROUGH FORECLOSURE
Activity In Real Estate Acquired Through Foreclosure	Three Months Ended September 30, Nine Months Ended September 30, 2017 2016 2017 2016 Balance at beginning of period $ 1,147,546 $ 1,467,104 $ 1,224,939 $ 1,459,732 New transfers from loans 35,672 720,000 695,548 986,776 Sales (34,835) (447,097) (691,730) (599,648) Write-downs (70,696) (101,270) (151,070) (208,123) Balance at end of period $ 1,077,687 $ 1,638,737 $ 1,077,687 $ 1,638,737

CORE DEPOSIT INTANGIBLE ASSETS

CORE DEPOSIT INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2017
CORE DEPOSIT INTANGIBLE ASSETS
Changes In Net Book Value Of Core Deposit Intangible Assets	Nine Months Ended September 30, 2017 2016 Balance at beginning of period $ 3,030,309 $ 2,624,184 Amortization expense (615,253) (555,410) Balance, at end of period $ 2,415,056 $ 2,068,774
Gross Carrying Amount, Accumulated Amortization And Net Carrying Amount Of Core Deposit Intangible Assets	September 30, 2017 December 31, 2016 Gross carrying amount $ 6,775,211 $ 6,775,211 Accumulated amortization (4,360,155) (3,744,902) Net carrying amount $ 2,415,056 $ 3,030,309
Future Amortization Expense For The Company's Core-Deposit Intangible Assets	Three months ending December 31: Amount 2017 $ 173,930 Twelve months ending December 31: 2018 616,111 2019 540,682 2020 488,027 2021 380,430 Subsequent years 215,876 Total $ 2,415,056

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2017
DEPOSITS
Composition Of Deposits	September 30, 2017 December 31, 2016 Noninterest-bearing deposits $ 129,803,561 $ 111,378,694 Interest-bearing deposits: Checking 61,871,196 58,482,158 Savings 108,311,134 120,376,229 Money market 128,889,184 109,550,925 Total interest-bearing checking, savings and money market deposits 299,071,514 288,409,312 Time deposits $250,000 and below 107,628,824 114,871,256 Time deposits above $250,000 12,851,867 11,799,132 Total time deposits 120,480,691 126,670,388 Total interest-bearing deposits 419,552,205 415,079,700 Total Deposits $ 549,355,766 $ 526,458,394
Maturity Distribution Of Time Deposits	Amount Maturing within one year $ 46,858,112 Maturing over one to two years 55,805,665 Maturing over two to three years 6,542,871 Maturing over three to four years 5,879,480 Maturing over four to five years 5,113,189 Maturing over five years 281,374 Total Time Deposits $ 120,480,691
Interest Expense On Deposits	Nine Months Ended September 30, 2017 2016 Interest-bearing checking $ 57,630 $ 44,740 Savings 305,957 157,903 Money market 322,550 190,078 Total interest-bearing checking, savings and money market deposits 686,137 392,721 Time deposits $250,000 and below 667,250 697,853 Time deposits above $250,000 88,744 71,681 Total time deposits 755,994 769,534 Total Interest Expense $ 1,442,131 $ 1,162,255

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2017
SHORT-TERM BORROWINGS.
Borrowings	September 30, 2017 December 31, 2016 Federal Home Loan Bank Advances Due December, 2017, Daily Rate 0.80% $ — $ 20,000,000 Due December, 2017, Daily Rate 1.32% 3,000,000 — Due October, 2017, Fixed Rate 1.17% 8,000,000 — Due October, 2017, Fixed Rate 1.16% 14,000,000 — Total $ 25,000,000 $ 20,000,000

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2017
STOCK-BASED COMPENSATION
Changes In the Company's Stock Options Outstanding	Weighted Average Weighted Average Stock Options Exercise Remaining Outstanding Price Contractual Life (years) Outstanding, December 31, 2016 387,630 $ 5.32 6.1 Granted 10,000 7.00 9.3 Exercised (175,306) 3.71 Forfeited or expired (45,780) 4.30 Outstanding, September 30, 2017 176,544 $ 5.13 6.0 Exercisable, September 30, 2017 122,544 $ 4.99 5.1

DEFINED BENEFIT PENSION PLAN (T

DEFINED BENEFIT PENSION PLAN (Tables)	9 Months Ended
	Sep. 30, 2017
DEFINED BENEFIT PENSION PLAN
Components Of Net Periodic Benefit Cost And Other Amounts Recognized In Other Comprehensive Income	Nine Months Ended September 30, Net Periodic Pension Benefit 2017 2016 Service cost $ 54,501 $ 54,674 Interest cost 204,030 338,672 Expected return on plan assets (315,644) (482,811) Net periodic pension benefit $ (57,113) $ (89,465)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2017
INCOME TAXES
Reconciliation Of Federal Income Tax Rate To Effective Tax Rate	Three Months Ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Income tax expense at federal statutory rate 34.0 % 34.0 % 34.0 % 34.0 % Increase (decrease) resulting from: Tax exempt income (1.5) % (1.9) % (1.8) % (1.7) % State income taxes, net of federal income tax benefit 5.9 % 5.6 % 5.5 % 5.6 % Incentive stock options 1.3 % 0.6 % 0.9 % 0.5 % Other nondeductible (income) expenses 0.2 % (6.9) % 0.1 % (2.6) % Effective income tax rate 39.9 % 31.4 % 38.7 % 35.8 %

NET INCOME PER COMMON SHARE (Ta

NET INCOME PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2017
NET INCOME PER COMMON SHARE
Calculation Of Net Income Per Common Share	Three Months Ended September 30, Nine months ended September 30, 2017 2016 2017 2016 Basic earnings per share: Net income available to common stockholders $ 2,198,836 $ 374,226 $ 4,381,003 $ 1,009,729 Weighted average shares outstanding 10,655,098 10,635,740 10,586,994 10,848,931 Net income per share - basic $ 0.21 $ 0.04 $ 0.41 $ 0.09 Diluted earnings per share: Net income available to common stockholders $ 2,198,836 $ 374,226 $ 4,381,003 $ 1,009,729 Weighted average shares outstanding 10,655,098 10,635,740 10,586,994 10,848,931 Dilutive potential shares 150,693 113,642 133,709 108,110 Total diluted average shares outstanding 10,805,791 10,749,382 10,720,703 10,957,041 Net income per share - diluted $ 0.20 $ 0.03 $ 0.41 $ 0.09

COMMITMENTS AND CONTINGENT LI38

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2017
COMMITMENTS AND CONTINGENT LIABILITIES
Outstanding Loan Commitments, Unused Lines Of Credit And Letters Of Credit	September 30, 2017 December 31, 2016 Loan commitments $ 7,339,254 $ Unused lines of credit 124,470,241 Standby letters of credit 8,120,345 Mortgage loan repurchase obligations 3,743,837 7,177,755

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2017
FAIR VALUE
Assets Recorded At Fair Value On A Recurring Basis	Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable September 30, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 6,865,607 $ — $ 6,865,607 $ — U.S. treasury securities 8,722,380 — 8,722,380 — Residential mortgage-backed securities 33,352,033 — 33,352,033 — State and municipal 2,588,725 — 2,588,725 — Corporate obligations 6,339,390 — 6,339,390 — Equity securities 15,062 15,062 — — $ 57,883,197 $ 15,062 $ 57,868,135 $ — Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) U.S. government agency $ 7,773,118 $ — $ 7,773,118 $ — U.S. treasury securities 8,623,259 — 8,623,259 — Residential mortgage-backed securities 30,813,481 — 30,813,481 — State and municipal 2,637,280 — 2,637,280 — Corporate obligations 10,328,455 — 10,328,455 — Equity securities 57,134 57,134 — — $ 60,232,727 $ 57,134 $ 60,175,593 $ —
Assets Recorded At Fair Value On A Nonrecurring Basis	Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable September 30, 2017 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 729,133 $ — $ — $ 729,133 Real estate acquired through foreclosure 1,077,687 — — 1,077,687 $ 1,806,820 $ — $ — 1,806,820 Significant Other Significant Other Carrying Value Quoted Prices Observable Inputs Unobservable December 31, 2016 (Fair Value) (Level 1) (Level 2) Inputs (Level 3) Impaired loans $ 819,877 $ — $ — $ 819,877 Real estate acquired through foreclosure 1,224,939 — — 1,224,939 $ 2,044,816 $ — $ — 2,044,816
Quantitative Information About Level 3 Fair Value Measurements	Quantitative Information about Level 3 Fair Value Measurements September 30, 2017 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 729,133 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,077,687 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% Quantitative Information about Level 3 Fair Value Measurements December 31, 2016 Fair Value Valuation Technique Unobservable Input Range Impaired loans $ 819,877 $ Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Real estate acquired through foreclosure $ 1,224,939 Appraisal of collateral (1) Appraisal adjustments (2) 0% - 10% Estimated selling cost (2) 0% - 10% (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not observable. (2) Appraisals may be adjusted by management for qualitative factors such as estimated selling cost. The range and weighted average of estimated selling cost and other appraisal adjustments are presented as a percent of the appraisal.
Estimated Fair Values Of Financial Instruments	Level in Fair September 30, 2017 December 31, 2016 Value Carrying Estimated fair Carrying Estimated fair Hierarchy Amount value Amount value Financial assets: Cash and cash equivalents Level 1 $ 39,524,954 $ 41,666,202 $ 40,027,456 40,027,456 Investment securities available for sale (debt) Level 2 57,868,135 57,868,135 60,175,593 60,175,593 Investment securities available for sale (equity) Level 1 15,062 15,062 57,134 57,134 Investment securities held to maturity (debt) Level 2 1,094,740 1,087,509 1,158,238 1,149,342 Restricted equity securities Level 2 1,939,795 1,939,795 1,823,195 1,823,195 Loans held for sale Level 2 401,803 401,803 1,613,497 1,613,497 Loans, net of allowance Level 3 521,211,844 523,212,000 484,280,560 487,325,072 Accrued interest receivable Level 2 2,018,900 1,870,876 1,884,945 1,884,945 Financial liabilities: Deposits Level 3 549,355,766 549,504,000 526,458,394 526,119,460 Accrued interest payable Level 2 40,275 40,275 16,406 16,406 Borrowings Level 2 25,000,000 25,000,000 20,000,000 20,000,000

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2017
REGULATORY MATTERS
Capital Amounts And Ratios	To Be Well Minimum Capital Capitalized Under Minimum Requirements with Prompt Corrective Actual Capital Requirements Conservation Buffer Action Provisions Amount Ratio Amount Ratio Amount Ratio Amount Ratio At September 30, 2017: Common Equity Tier 1 Capital $ 67,797 % $ 24,859 4.50 % $ 31,765 5.75 % $ 35,908 6.50 % Tier I Risk-Based Capital Ratio $ 67,797 % $ 33,146 6.00 % $ 40,051 7.25 % $ 44,194 8.00 % Total Risk-Based Capital Ratio $ 71,847 % $ 44,194 8.00 % $ 51,100 9.25 % $ 55,243 10.00 % Tier 1 Leverage Ratio $ 67,797 % $ 25,751 4.00 % $ 33,798 5.25 % $ 32,189 5.00 % At December 31, 2016: Common Equity Tier 1 Capital $ 63,057 % $ 23,039 4.50 % $ 26,239 5.125 % $ 33,279 6.50 % Tier I Risk-Based Capital Ratio $ 63,057 % $ 30,719 6.00 % $ 33,919 6.625 % $ 40,959 8.00 % Total Risk-Based Capital Ratio $ 65,883 % $ 40,959 8.00 % $ 44,159 8.625 % $ 51,199 10.00 % Tier 1 Leverage Ratio $ 63,057 % $ 24,133 4.00 % $ 27,904 4.625 % $ 30,166 5.00 %

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Sep. 30, 2017
OTHER COMPREHENSIVE INCOME
Activity In Net Accumulated Other Comprehensive Income (Loss)	Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2016 $ (202,262) $ 232,645 $ 30,383 Other comprehensive income: Other comprehensive income before reclassification adjustments 264,422 380,328 644,750 Amounts reclassified from comprehensive loss 35,697 - 35,697 Other comprehensive income 300,119 380,328 680,447 Balance at September 30, 2017 $ 97,857 $ 612,973 $ 710,830 Unrealized Gains on Investments Available Defined Benefit for Sale Pension Plan Total Balance at December 31, 2015 $ 168,814 $ 404,746 $ 573,560 Other comprehensive income (loss): Other comprehensive income (loss) before reclassification adjustments 573,696 (338,315) 235,381 Amounts reclassified from comprehensive loss (292,504) - (292,504) Other comprehensive income (loss) 281,192 (338,315) (57,123) Balance at September 30, 2016 $ 450,006 $ 66,431 $ 516,437 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended September 30, 2017 Other comprehensive income (loss): Unrealized gain on AFS debt securities: Net AFS debt securities gain (loss) $ 17,437 $ (4,627) $ 12,810 Reclassification adjustments 64,898 (25,881) 39,017 Net income (loss) recognized in other comprehensive income (loss) 82,335 (30,508) 51,827 Defined benefit pension plan adjustments: Net actuarial income (loss) 332,080 (128,681) 203,399 Net income (loss) recognized in other comprehensive income (loss) 332,080 (128,681) 203,399 Other comprehensive income (loss) $ 414,415 $ (159,189) $ 255,226 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the three months ended September 30, 2016 Other comprehensive income (loss): Unrealized loss on AFS debt securities Net AFS debt securities gain (loss) 55,614 (11,823) 43,791 Reclassification adjustments - - - Other comprehensive income (loss) $ 55,614 $ (11,823) $ 43,791 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the nine months ended September 30, 2017 Other comprehensive income (loss): Unrealized gain on AFS debt securities: Gross AFS securities gain (loss) $ 420,702 $ (156,280) $ 264,422 Reclassification adjustments 59,377 (23,680) 35,697 Net income (loss) recognized in other comprehensive income (loss) 480,079 (179,960) 300,119 Defined benefit pension plan adjustments: Net actuarial income (loss) 647,271 (266,943) 380,328 Net income (loss) recognized in other comprehensive income (loss) 647,271 (266,943) 380,328 Other comprehensive income (loss) $ 1,127,350 $ (446,903) $ 680,447 Before Tax Amount Tax (Expense) Benefit Net of Tax Amount For the nine months ended September 30, 2016 Other comprehensive (loss) income: Unrealized gain on AFS debt securities: Gross AFS securities gain (loss) $ 933,926 $ (360,230) $ 573,696 Reclassification adjustments (486,534) 194,030 (292,504) Net income (loss) recognized in other comprehensive income (loss) 447,392 (166,200) 281,192 Defined benefit pension plan adjustments: Net actuarial (loss) income (558,690) 220,375 (338,315) Net (loss) income recognized in other comprehensive (loss) income (558,690) 220,375 (338,315) Other comprehensive (loss) income $ (111,298) $ 54,175 $ (57,123)

ORGANIZATIONAL (Details)

ORGANIZATIONAL (Details)	Sep. 30, 2017item
ORGANIZATIONAL
Number of full-service branches	11

DISCONTINUED OPERATIONS - Infor

DISCONTINUED OPERATIONS - Information About iReverse Sale (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Mar. 31, 2017	Dec. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations, net of tax	$ 228,221	$ 228,221
Net income from discontinued operations attributable to non-controlling interest	138,212	138,212
Net income from discontinued operations attributable to common stockholders	$ 90,009	90,009
iReverse Home Loan, Inc. | Discontinued Operations, Disposed of by Sale [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Subsidiary ownership interest by acquirer, percentage				51.00%
Consideration received for sale of interest in subsidiary			$ 70,000
Net income from discontinued operations, net of tax		228,221
Net income from discontinued operations attributable to non-controlling interest		138,212
Net income from discontinued operations attributable to common stockholders		$ 90,009

DISCONTINUED OPERATIONS - Summa

DISCONTINUED OPERATIONS - Summarized Financial Information (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)
NONINTEREST EXPENSE
Net income from discontinued operations	$ 228,221	$ 228,221
Net income from discontinued operations attributable to non-controlling interest	138,212	138,212
Net income available to common stockholders	90,009	90,009
Discontinued Operations, Disposed of by Sale [Member] | iReverse Home Loan, Inc.
ASSETS.
Cash and cash equivalents	1,011,741	1,011,741
Other assets	53,760	53,760
Total assets	1,065,501	1,065,501
LIABILITIES
Accrued expenses and other liabilities	(805,865)	(805,865)
Total liabilities	(805,865)	(805,865)
Net assets of discontinued operations	$ 259,636	259,636
NONINTEREST INCOME
Mortgage brokerage operations		1,409,240
Bargain purchase gain		151,943
Total noninterest income		1,561,183
NONINTEREST EXPENSE
Salaries and employee benefits		925,212
Occupancy and equipment expenses		17,208
Legal, accounting and other professional fees		4,390
Advertising and marketing related expenses		107,857
Other expenses		262,168
Total Noninterest Expenses		1,316,835
Income before taxes		244,348
Income tax expense		16,127
Net income from discontinued operations		228,221
Net income from discontinued operations attributable to non-controlling interest		138,212
Net income available to common stockholders		$ 90,009

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized Cost And Estimated Fair Value (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Trading securities	$ 0	$ 0
Available For Sale - Amortized Cost	57,703,102	60,532,714
Available For Sale - Unrealized Gains	473,146	290,889
Available For Sale - Unrealized losses	(293,051)	(590,876)
Available For Sale - Estimated Fair Value	57,883,197	60,232,727
Held-to-Maturity - Amortized Cost	1,094,740	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(7,231)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,087,509	1,149,342
U.S. Government Agency [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	6,769,114	7,748,481
Available For Sale - Unrealized Gains	97,945	68,493
Available For Sale - Unrealized losses	(1,452)	(43,856)
Available For Sale - Estimated Fair Value	6,865,607	7,773,118
U. S. Treasury Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	8,750,079	8,728,284
Available For Sale - Unrealized Gains	29,944	14,812
Available For Sale - Unrealized losses	(57,643)	(119,837)
Available For Sale - Estimated Fair Value	8,722,380	8,623,259
Residential Mortgage-Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	33,331,263	30,952,601
Available For Sale - Unrealized Gains	248,208	197,495
Available For Sale - Unrealized losses	(227,438)	(336,615)
Available For Sale - Estimated Fair Value	33,352,033	30,813,481
Held-to-Maturity - Amortized Cost	1,094,740	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(7,231)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,087,509	1,149,342
State And Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	2,584,008	2,638,214
Available For Sale - Unrealized Gains	5,052	2,421
Available For Sale - Unrealized losses	(335)	(3,355)
Available For Sale - Estimated Fair Value	2,588,725	2,637,280
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	6,249,873	10,372,549
Available For Sale - Unrealized Gains	91,997	1,647
Available For Sale - Unrealized losses	(2,480)	(45,741)
Available For Sale - Estimated Fair Value	6,339,390	10,328,455
Debt Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	57,684,337	60,440,129
Available For Sale - Unrealized Gains	473,146	284,868
Available For Sale - Unrealized losses	(289,348)	(549,404)
Available For Sale - Estimated Fair Value	57,868,135	60,175,593
Held-to-Maturity - Amortized Cost	1,094,740	1,158,238
Held-to-Maturity - Gross Unrealized Losses	(7,231)	(8,896)
Held-to-Maturity - Estimated Fair Value	1,087,509	1,149,342
Equity Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available For Sale - Amortized Cost	18,765	92,585
Available For Sale - Unrealized Gains		6,021
Available For Sale - Unrealized losses	(3,703)	(41,472)
Available For Sale - Estimated Fair Value	$ 15,062	$ 57,134

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities With Unrealized Losses By Length Of Impairment (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)security	Dec. 31, 2016USD ($)security
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	$ 15,827,017	$ 36,014,355
Unrealized Losses - Less than 12 months	(173,890)	(528,073)
Fair Value - 12 months or longer	6,131,121	588,725
Unrealized Losses - 12 months or longer	(119,161)	(62,803)
Fair Value - Total	21,958,138	36,603,080
Unrealized Losses - Total	(293,051)	(590,876)
Held-to-Maturity, Fair Value - Less than 12 months	1,087,509	1,149,342
Held-to-Maturity, Unrealized Losses - Less than 12 months	(7,231)	(8,896)
Held-to-maturity Securities, Fair Value - Total	1,087,509	1,149,342
Held-to-maturity Securities, Unrealized Loss - Total	$ (7,231)	$ (8,896)
Debt securities as a percentage of stockholders' equity, threshold	10.00%	10.00%
Number of securities subject to write-down due to credit related other-than-temporary impairment | security	0	0
U.S. Government Agency [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months		$ 3,983,930
Unrealized Losses - Less than 12 months		(43,856)
Fair Value - 12 months or longer	$ 998,130
Unrealized Losses - 12 months or longer	(1,452)
Fair Value - Total	998,130	3,983,930
Unrealized Losses - Total	(1,452)	(43,856)
U. S. Treasury Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	2,809,110	5,645,640
Unrealized Losses - Less than 12 months	(57,643)	(119,837)
Fair Value - Total	2,809,110	5,645,640
Unrealized Losses - Total	(57,643)	(119,837)
Residential Mortgage-Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	10,520,387	17,368,416
Unrealized Losses - Less than 12 months	(113,767)	(315,284)
Fair Value - 12 months or longer	4,792,922	563,545
Unrealized Losses - 12 months or longer	(113,671)	(21,331)
Fair Value - Total	15,313,309	17,931,961
Unrealized Losses - Total	(227,438)	(336,615)
Held-to-Maturity, Fair Value - Less than 12 months	1,087,509	1,149,342
Held-to-Maturity, Unrealized Losses - Less than 12 months	(7,231)	(8,896)
Held-to-maturity Securities, Fair Value - Total	1,087,509	1,149,342
Held-to-maturity Securities, Unrealized Loss - Total	(7,231)	(8,896)
State And Municipal [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months		1,042,964
Unrealized Losses - Less than 12 months		(3,355)
Fair Value - 12 months or longer	325,007
Unrealized Losses - 12 months or longer	(335)
Fair Value - Total	325,007	1,042,964
Unrealized Losses - Total	(335)	(3,355)
Corporate Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	2,497,520	7,973,405
Unrealized Losses - Less than 12 months	(2,480)	(45,741)
Fair Value - Total	2,497,520	7,973,405
Unrealized Losses - Total	(2,480)	(45,741)
Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - Less than 12 months	15,827,017	36,014,355
Unrealized Losses - Less than 12 months	(173,890)	(528,073)
Fair Value - 12 months or longer	6,116,059	563,545
Unrealized Losses - 12 months or longer	(115,458)	(21,331)
Fair Value - Total	21,943,076	36,577,900
Unrealized Losses - Total	$ (289,348)	$ (549,404)
Number of securities with unrealized losses | security	60	73
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value - 12 months or longer	$ 15,062	$ 25,180
Unrealized Losses - 12 months or longer	(3,703)	(41,472)
Fair Value - Total	15,062	25,180
Unrealized Losses - Total	$ (3,703)	$ (41,472)
Number of securities with unrealized losses | security	1	1

INVESTMENT SECURITIES - Contrac

INVESTMENT SECURITIES - Contractual Maturities Of Debt Securities (Details)	9 Months Ended
	Sep. 30, 2017USD ($)item	Sep. 30, 2016USD ($)item	Dec. 31, 2016USD ($)
Available for sale, Amortized Cost - Within one year	$ 5,558,092		$ 6,122,743
Available for sale, Amortized Cost - Over one to five years	7,971,121		12,570,847
Available for sale, Amortized Cost - Over five to ten years	10,823,861		7,765,282
Available for sale, Amortized Cost - Over ten years			3,028,656
Available for sale, Amortized Cost, Mortgage-backed securities	33,331,263		30,952,601
Available For Sale - Amortized cost	57,684,337		60,440,129
Available for sale, Fair Value - Within one year	5,555,806		6,100,576
Available for sale, Fair Value - Over one to five years	8,088,727		12,642,656
Available for sale, Fair Value - Over five to ten years	10,871,569		7,627,060
Available for sale, Fair Value - Over ten years			2,991,820
Available for sale, Fair Value - Mortgage-backed securities	33,352,033		30,813,481
Available For Sale - Fair value	57,868,135		60,175,593
Held to Maturity, Over ten years, Amortized Cost	1,094,740		1,158,238
Held To Maturity - Amortized cost	1,094,740		1,158,238
Held to maturity, Fair Value - Over ten years	1,087,509		1,149,342
Held To Maturity - Fair value	$ 1,087,509		1,149,342
Number of sales of investment securities available for sale | item	16
Number of redemptions of investment securities available for sale | item	12
Number of sales and other redemptions of investment securities | item		58
Gain on sales of securities available for sale	$ 610	$ 486,534
Gain on redemptions of securities available for sale.	0
Amortized cost of securities pledged	39,467,359		10,479,133
Fair value of securities pledged	$ 39,614,251		$ 10,604,335
Equity Securities [Member]
Number of sales of investment securities available for sale | item	1
Number of sales and other redemptions of investment securities | item		0

LOANS AND ALLOWANCE FOR LOAN 48

LOANS AND ALLOWANCE FOR LOAN LOSSES - Major Classifications Of Loans (Details) - USD ($)	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	$ 525,261,491		$ 487,103,713
Less: Allowance for Loan Losses	(4,049,647)	$ (3,608,484)	(2,823,153)	$ (2,447,785)	$ (2,292,950)	$ (1,773,009)
Loans, net	521,211,844		484,280,560
Remaining unamortized discount	3,138,528		3,793,033
Receivable not considered to have deteriorated credit quality at acquisition	153,886,168		187,483,532
Commercial And Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	75,199,392		67,234,642
Less: Allowance for Loan Losses	(538,902)	(463,792)	(369,857)	(320,176)	(284,006)	(210,798)
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	237,231,622		205,495,337
Less: Allowance for Loan Losses	(1,631,820)	(1,439,421)	(1,082,855)	(920,167)	(939,888)	(727,869)
Commercial Real Estate - Investor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	156,235,351		138,527,163
Commercial Real Estate - Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	80,906,271		66,968,174
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	145,405,123		153,368,115
Less: Allowance for Loan Losses	(1,398,031)	(1,290,158)	(1,043,778)	(923,272)	(800,909)	(593,084)
Residential Real Estate - Investor [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	41,734,060		44,787,040
Residential Real Estate - Owner Occupied [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	103,671,063		108,581,075
Home Equity Line Of Credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	34,201,351		33,256,012
Less: Allowance for Loan Losses	(243,697)	(224,508)	(184,296)	(165,235)	(175,004)	(157,043)
Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,998,511		5,870,999
Less: Allowance for Loan Losses	(13,035)	(12,188)	(19,159)	(13,624)	(17,467)	(15,713)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	29,278,544		19,804,912
Less: Allowance for Loan Losses	(210,125)	(165,516)	(111,503)	(94,261)	(69,181)	(62,967)
Consumer And Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Loans	1,946,948		2,073,696
Less: Allowance for Loan Losses	$ (14,037)	$ (12,901)	$ (11,705)	$ (11,050)	$ (6,495)	$ (5,535)

LOANS AND ALLOWANCE FOR LOAN 49

LOANS AND ALLOWANCE FOR LOAN LOSSES - Activity In The Allowance for Credit Losses By Portfolio Segment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	$ 3,608,484	$ 2,292,950	$ 2,823,153	$ 1,773,009
Charge-offs	(58,374)	(205,721)	(299,907)	(382,798)
Recoveries	185,574	556	249,595	42,041
Provision	313,963	360,000	1,276,806	1,015,533
Allowance for loan losses, Ending Balance	4,049,647	2,447,785	4,049,647	2,447,785
Commercial And Industrial [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	463,792	284,006	369,857	210,798
Recoveries	112		300
Provision	74,998	36,170	168,745	109,378
Allowance for loan losses, Ending Balance	538,902	320,176	538,902	320,176
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	1,439,421	939,888	1,082,855	727,869
Provision	192,399	(19,721)	548,965	192,298
Allowance for loan losses, Ending Balance	1,631,820	920,167	1,631,820	920,167
Residential Real Estate [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	1,290,158	800,909	1,043,778	593,084
Charge-offs	(56,037)	(205,721)	(281,977)	(380,135)
Recoveries	87,037	556	150,770	42,041
Provision	76,873	327,528	485,460	668,282
Allowance for loan losses, Ending Balance	1,398,031	923,272	1,398,031	923,272
Home Equity Line Of Credit [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	224,508	175,004	184,296	157,043
Charge-offs				(2,183)
Provision	19,189	(9,769)	59,401	10,375
Allowance for loan losses, Ending Balance	243,697	165,235	243,697	165,235
Land [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	12,188	17,467	19,159	15,713
Recoveries	98,091		98,091
Provision	(97,244)	(3,843)	(104,215)	(2,089)
Allowance for loan losses, Ending Balance	13,035	13,624	13,035	13,624
Construction [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	165,516	69,181	111,503	62,967
Charge-offs			(15,593)
Provision	44,609	25,080	114,215	31,294
Allowance for loan losses, Ending Balance	210,125	94,261	210,125	94,261
Consumer And Other [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance for loan losses, Beginning Balance	12,901	6,495	11,705	5,535
Charge-offs	(2,337)		(2,337)	(480)
Recoveries	334		434
Provision	3,139	4,555	4,235	5,995
Allowance for loan losses, Ending Balance	$ 14,037	$ 11,050	$ 14,037	$ 11,050

LOANS AND ALLOWANCE FOR LOAN 50

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loans And The Related Allowance For Credit Losses (Details)	Sep. 30, 2017USD ($)loan	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: individually evaluated for impairment	$ 446,550		$ 270,526
Allowance for credit losses: Ending balance: collectively evaluated for impairment	3,603,097		2,552,627
Allowance for credit losses: Total	4,049,647	$ 3,608,484	2,823,153	$ 2,447,785	$ 2,292,950	$ 1,773,009
Loans: Ending balance: individually evaluated for impairment	5,427,278		5,501,749
Loans: Ending balance: collectively evaluated for impairment	495,349,171		450,963,046
Loans: Ending balance: loans acquired with deteriorated credit quality	24,485,042		30,638,918
Total Loans	$ 525,261,491		487,103,713
Number of loans acquired with deteriorated credit quality that have current period charge-offs | loan	1
Loans acquired with deteriorated credit quality that have current period charge-offs	$ 16,200		104,460
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	538,902		369,857
Allowance for credit losses: Total	538,902	463,792	369,857	320,176	284,006	210,798
Loans: Ending balance: individually evaluated for impairment	463,177		641,774
Loans: Ending balance: collectively evaluated for impairment	74,087,583		65,341,316
Loans: Ending balance: loans acquired with deteriorated credit quality	648,632		1,251,552
Total Loans	75,199,392		67,234,642
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,631,820		1,082,855
Allowance for credit losses: Total	1,631,820	1,439,421	1,082,855	920,167	939,888	727,869
Loans: Ending balance: individually evaluated for impairment			277,515
Loans: Ending balance: collectively evaluated for impairment	224,340,559		191,303,934
Loans: Ending balance: loans acquired with deteriorated credit quality	12,891,063		13,913,888
Total Loans	237,231,622		205,495,337
Residential Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: individually evaluated for impairment	446,550		270,526
Allowance for credit losses: Ending balance: collectively evaluated for impairment	951,481		773,252
Allowance for credit losses: Total	1,398,031	1,290,158	1,043,778	923,272	800,909	593,084
Loans: Ending balance: individually evaluated for impairment	4,891,684		4,521,110
Loans: Ending balance: collectively evaluated for impairment	130,808,260		136,607,497
Loans: Ending balance: loans acquired with deteriorated credit quality	9,705,179		12,239,508
Total Loans	145,405,123		153,368,115
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	243,697		184,296
Allowance for credit losses: Total	243,697	224,508	184,296	165,235	175,004	157,043
Loans: Ending balance: individually evaluated for impairment	55,319		55,552
Loans: Ending balance: collectively evaluated for impairment	33,503,176		32,558,837
Loans: Ending balance: loans acquired with deteriorated credit quality	642,856		641,623
Total Loans	34,201,351		33,256,012
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	13,035		19,159
Allowance for credit losses: Total	13,035	12,188	19,159	13,624	17,467	15,713
Loans: Ending balance: collectively evaluated for impairment	1,791,967		3,384,741
Loans: Ending balance: loans acquired with deteriorated credit quality	206,544		2,486,258
Total Loans	1,998,511		5,870,999
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	210,125		111,503
Allowance for credit losses: Total	210,125	165,516	111,503	94,261	69,181	62,967
Loans: Ending balance: collectively evaluated for impairment	28,887,776		19,698,823
Loans: Ending balance: loans acquired with deteriorated credit quality	390,768		106,089
Total Loans	29,278,544		19,804,912
Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	14,037		11,705
Allowance for credit losses: Total	14,037	$ 12,901	11,705	$ 11,050	$ 6,495	$ 5,535
Loans: Ending balance: individually evaluated for impairment	17,098		5,798
Loans: Ending balance: collectively evaluated for impairment	1,929,850		2,067,898
Total Loans	$ 1,946,948		$ 2,073,696

LOANS AND ALLOWANCE FOR LOAN 51

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired Loans (Details) - USD ($)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Related Allowance	$ 446,550	$ 446,550		$ 270,526
Recorded Investment	5,669,721	5,669,721		5,724,536
Unpaid Principal Balance	6,278,081	6,278,081		6,350,178
Average Recorded Investment	6,087,654	6,388,529	$ 6,217,320	6,482,714
Interest Income Recognized	51,097	145,879	155,949	201,402
Commercial And Industrial [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	463,177	463,177		641,774
Unpaid Principal Balance, With no related allowance recorded	548,815	548,815		739,128
Average Recorded Investment, With no related allowance recorded	525,917	569,815	898,165	804,938
Interest Income Recognized, With no related allowance recorded	9,257	31,027	71,092	79,886
Recorded Investment	463,177	463,177		641,774
Unpaid Principal Balance	548,815	548,815		739,128
Average Recorded Investment	525,917	569,815	898,165	804,938
Interest Income Recognized	9,257	31,027	71,092	79,886
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment				277,515
Unpaid Principal Balance				277,515
Average Recorded Investment			298,188	294,053
Commercial Real Estate - Investor [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded				277,515
Unpaid Principal Balance, With no related allowance recorded				277,515
Average Recorded Investment, With no related allowance recorded			298,188	294,053
Residential Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Related Allowance	446,550	446,550		270,526
Recorded Investment	5,134,127	5,134,127		4,743,897
Unpaid Principal Balance	5,443,276	5,443,276		5,058,861
Average Recorded Investment	5,381,381	5,635,801	4,743,145	5,213,196
Interest Income Recognized	41,830	114,863	84,926	121,584
Residential Real Estate - Investor [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	722,320	722,320		785,500
Unpaid Principal Balance, With no related allowance recorded	843,732	843,732		890,719
Average Recorded Investment, With no related allowance recorded	818,217	894,492	1,188,796	994,674
Interest Income Recognized, With no related allowance recorded	1,059	12,909	12,026	11,748
Recorded Investment, With an allowance recorded	620,190	620,190		790,537
Unpaid Principal Balance, With an allowance recorded	634,052	634,052		813,087
Related Allowance	277,526	277,526		268,537
Average Recorded Investment, With an allowance recorded	631,865	648,497	596,672	832,508
Interest Income Recognized, With an allowance recorded	2,427	3,980	3,967	5,920
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	3,236,123	3,236,123		3,008,832
Unpaid Principal Balance, With no related allowance recorded	3,434,361	3,434,361		3,196,027
Average Recorded Investment, With no related allowance recorded	3,371,939	3,526,320	2,957,677	3,225,912
Interest Income Recognized, With no related allowance recorded	28,000	98,238	68,933	103,916
Recorded Investment, With an allowance recorded	555,494	555,494		159,028
Unpaid Principal Balance, With an allowance recorded	531,131	531,131		159,028
Related Allowance	169,024	169,024		1,989
Average Recorded Investment, With an allowance recorded	559,360	566,492		160,102
Interest expense Recognized, With an allowance recorded		(264)
Interest Income Recognized, With an allowance recorded	10,344
Home Equity Line Of Credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	55,319	55,319		55,552
Unpaid Principal Balance, With no related allowance recorded	85,025	85,025		85,470
Average Recorded Investment, With no related allowance recorded	71,325	73,302	88,618	73,026
Interest Expense Recognized, With no related allowance recorded		(11)	(69)	(68)
Recorded Investment	55,319	55,319		55,552
Unpaid Principal Balance	85,025	85,025		85,470
Average Recorded Investment	71,325	73,302	88,618	73,026
Interest Expense Recognized		(11)	(69)	(68)
Consumer And Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment, With no related allowance recorded	17,098	17,098		5,798
Unpaid Principal Balance, With no related allowance recorded	200,965	200,965		189,204
Average Recorded Investment, With no related allowance recorded	109,031	109,611	189,204	97,501
Interest Income Recognized, With no related allowance recorded	10
Recorded Investment	17,098	17,098		5,798
Unpaid Principal Balance	200,965	200,965		189,204
Average Recorded Investment	109,031	$ 109,611	$ 189,204	$ 97,501
Interest Income Recognized	$ 10

LOANS AND ALLOWANCE FOR LOAN 52

LOANS AND ALLOWANCE FOR LOAN LOSSES - Credit Quality Indicators By Class Of The Loan Portfolio (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	$ 525,261,491	$ 487,103,713
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	503,749,509	460,846,909
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,296,476	5,014,695
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	20,215,506	21,242,109
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	75,199,392	67,234,642
Commercial And Industrial [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	70,603,759	63,961,379
Commercial And Industrial [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	96,564	688,595
Commercial And Industrial [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	4,499,069	2,584,668
Commercial Real Estate - Investor [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	156,325,351	138,527,163
Commercial Real Estate - Investor [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	153,405,895	134,601,346
Commercial Real Estate - Investor [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)		2,958,695
Commercial Real Estate - Investor [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	2,919,456	967,122
Commercial Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	80,906,271	66,968,174
Commercial Real Estate - Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	78,667,626	64,761,020
Commercial Real Estate - Owner Occupied [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	969,541	1,126,705
Commercial Real Estate - Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,269,104	1,080,449
Residential Real Estate - Investor [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	41,734,060	44,787,040
Residential Real Estate - Investor [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	36,177,561	36,905,288
Residential Real Estate - Investor [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	230,371	240,700
Residential Real Estate - Investor [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	5,326,128	7,641,052
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	103,671,063	108,581,075
Residential Real Estate - Owner Occupied [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	98,274,249	102,367,880
Residential Real Estate - Owner Occupied [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	5,396,814	6,213,195
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	34,201,351	33,256,012
Home Equity Line Of Credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	33,911,062	32,969,668
Home Equity Line Of Credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	290,289	286,344
Land [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,998,511	5,870,999
Land [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,891,731	3,513,607
Land [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	106,780	2,357,392
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	29,278,544	19,804,912
Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	28,887,776	19,698,823
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	390,768	106,089
Consumer And Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,946,948	2,073,696
Consumer And Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	1,929,850	2,067,898
Consumer And Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Risk Rating (excluding loans classified as Doubtful)	$ 17,098	$ 5,798

LOANS AND ALLOWANCE FOR LOAN 53

LOANS AND ALLOWANCE FOR LOAN LOSSES - Classes Of The Loan Portfolio Summarized By Aging Categories Of Performing Loans And Nonaccrual Loans (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 928,218	$ 4,626,025
Current	494,808,093	446,837,432
Nonaccrual Loans	5,040,138	5,001,338
Total	500,776,449	456,464,795
Purchased credit impaired loans	24,485,042	30,638,918
Total Loans	525,261,491	487,103,713
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	139,581	4,103,738
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	788,637	522,287
Commercial And Industrial [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		17,737
Current	74,326,369	65,582,550
Nonaccrual Loans	224,391	382,802
Total	74,550,760	65,983,089
Purchased credit impaired loans	648,632	1,251,552
Total Loans	75,199,392	67,234,642
Commercial And Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		17,737
Commercial Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Purchased credit impaired loans	12,891,063	13,913,888
Total Loans	237,231,622	205,495,337
Commercial Real Estate - Investor [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	148,638,857	129,751,253
Nonaccrual Loans		277,515
Total	148,638,857	130,028,768
Total Loans	156,235,351	138,527,163
Commercial Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	73,183	288,789
Current	75,628,519	61,263,891
Total	75,701,702	61,552,680
Total Loans	80,906,271	66,968,174
Commercial Real Estate - Owner Occupied [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	73,183	139,670
Commercial Real Estate - Owner Occupied [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		149,119
Residential Real Estate [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Purchased credit impaired loans	9,705,179	12,239,507
Total Loans	145,405,123	153,368,115
Residential Real Estate - Investor [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		702,856
Current	33,610,776	34,114,611
Nonaccrual Loans	1,100,067	1,260,961
Total	34,710,843	36,078,428
Total Loans	41,734,060	44,787,040
Residential Real Estate - Investor [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		702,856
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	581,160	3,307,151
Current	96,764,677	98,724,320
Nonaccrual Loans	3,643,263	3,018,710
Total	100,989,100	105,050,181
Total Loans	103,671,063	108,581,075
Residential Real Estate - Owner Occupied [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	46,135	2,933,983
Residential Real Estate - Owner Occupied [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	535,025	373,168
Home Equity Line Of Credit [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	272,537	136,387
Current	33,230,639	32,422,450
Nonaccrual Loans	55,319	55,552
Total	33,558,495	32,614,389
Purchased credit impaired loans	642,856	641,623
Total Loans	34,201,351	33,256,012
Home Equity Line Of Credit [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	18,925	136,387
Home Equity Line Of Credit [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	253,612
Land [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,791,967	3,384,741
Total	1,791,967	3,384,741
Purchased credit impaired loans	206,544	2,486,259
Total Loans	1,998,511	5,870,999
Construction [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		173,105
Current	28,887,776	19,525,718
Total	28,887,776	19,698,823
Purchased credit impaired loans	390,768	106,089
Total Loans	29,278,544	19,804,912
Construction [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans		173,105
Consumer And Other [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	1,338
Current	1,928,513	2,067,898
Nonaccrual Loans	17,098	5,798
Total	1,946,949	2,073,696
Total Loans	1,946,948	$ 2,073,696
Consumer And Other [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total Past Due Loans	$ 1,338

LOANS AND ALLOWANCE FOR LOAN 54

LOANS AND ALLOWANCE FOR LOAN LOSSES - Troubled Debt Restructurings (Details)	3 Months Ended						9 Months Ended						12 Months Ended
	Sep. 30, 2017USD ($)loan	Sep. 30, 2017USD ($)item	Sep. 30, 2017USD ($)	Sep. 30, 2016loan	Sep. 30, 2016item	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)loan	Sep. 30, 2017USD ($)item	Sep. 30, 2017USD ($)	Sep. 30, 2016loan	Sep. 30, 2016item	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)loan	Dec. 31, 2016USD ($)
Financing Receivable, Modifications [Line Items]
Number of Contracts	2	3		1	2		4	5		3	3
Pre-Modification Outstanding Recorded Investment			$ 238,786			$ 369,508			$ 387,140			$ 408,293
Post-Modification Outstanding Recorded Investment			238,786			369,508			387,140			408,293
Number of TDRs that subsequently defaulted during previous 12 months | loan													0
Troubled debt restructurings	$ 2,327,601	$ 2,327,601	2,327,601				$ 2,327,601	$ 2,327,601	2,327,601				$ 2,327,601	$ 1,824,206
TDRs on nonaccrual status	$ 1,940,461	$ 1,940,461	1,940,461				$ 1,940,461	$ 1,940,461	1,940,461				$ 1,940,461	$ 1,323,795
Commercial And Industrial [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | item		3						3
Pre-Modification Outstanding Recorded Investment			238,786						238,786
Post-Modification Outstanding Recorded Investment			$ 238,786						238,786
Residential Real Estate - Investor [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | item											1
Pre-Modification Outstanding Recorded Investment												38,785
Post-Modification Outstanding Recorded Investment												38,785
Residential Real Estate - Owner Occupied [Member]
Financing Receivable, Modifications [Line Items]
Number of Contracts | item					2			2			2
Pre-Modification Outstanding Recorded Investment						369,508			148,354			369,508
Post-Modification Outstanding Recorded Investment						$ 369,508			$ 148,354			$ 369,508

ACCOUNTING FOR CERTAIN LOANS 55

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER - Carrying Amount Of Certain Loans Acquired In A Transfer (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	$ 24,485,042	$ 30,638,918
Contractual amount outstanding	30,784,392	34,915,206
Commercial And Industrial [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	648,632	1,251,552
Commercial Real Estate [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	12,891,063	13,913,888
Residential Real Estate [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	9,705,179	12,239,507
Home Equity Line Of Credit [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	642,856	641,623
Land [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	206,544	2,486,259
Construction [Member]
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Purchased credit impaired loans	$ 390,768	$ 106,089

ACCOUNTING FOR CERTAIN LOANS 56

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER - Activity In Accretable Yield Of Certain Loans Acquired In A Transfer (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER
Balance at beginning of period	$ 1,037,002	$ 193,833	$ 1,315,318	$ 275,730
Acquired through Hopkins Acquisition		154,748		154,748
Reclassification from nonaccretable difference	139,151	242,623	777,671	734,592
Accretion into interest income	(175,891)	(322,428)	(887,792)	(807,608)
Disposals	(31,178)		(236,113)	(88,686)
Balance at end of period	$ 969,084	$ 268,776	$ 969,084	$ 268,776

ACCOUNTING FOR CERTAIN LOANS 57

ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER - Activity In The Allowance For Loan Losses For Certain Loans Acquired In A Transfer (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
ACCOUNTING FOR CERTAIN LOANS ACQUIRED IN A TRANSFER
Balance at beginning of period	$ 100,092	$ 34,492	$ 77,175
Charge-offs	(53,437)	(25,558)	(73,825)	$ (40,233)
Recoveries	158,387		212,548
Provision for loan losses	(85,441)	72,608	(96,297)	121,775
Balance at end of period	$ 119,601	$ 81,542	$ 119,601	$ 81,542

REAL ESTATE ACQUIRED THROUGH 58

REAL ESTATE ACQUIRED THROUGH FORECLOSURE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
REAL ESTATE ACQUIRED THROUGH FORECLOSURE
Balance at beginning of period	$ 1,147,546	$ 1,467,104	$ 1,224,939	$ 1,459,732
New transfers from loans	35,672	720,000	695,548	986,776
Sales	(34,835)	(447,097)	(691,730)	(599,648)
Write-downs	(70,696)	(101,270)	(151,071)	(208,123)
Balance at end of period	$ 1,077,687	$ 1,638,737	$ 1,077,687	$ 1,638,737

CORE DEPOSIT INTANGIBLE ASSET59

CORE DEPOSIT INTANGIBLE ASSETS - Changes In Net Book Value Of Core Deposit Intangible Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CORE DEPOSIT INTANGIBLE ASSETS
Remaining weighted-average amortization period	5 years 10 months 24 days
Balance at beginning of period	$ 3,030,309	$ 2,624,184
Amortization expense	(615,253)	(555,410)
Balance at end of period	$ 2,415,056	$ 2,068,774

CORE DEPOSIT INTANGIBLE ASSET60

CORE DEPOSIT INTANGIBLE ASSETS - Gross Carrying Amount, Accumulated Amortization And Net Carrying Amount Of Core Deposit Intangible Assets (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CORE DEPOSIT INTANGIBLE ASSETS
Gross carrying amount	$ 6,775,211	$ 6,775,211
Accumulated amortization	(4,360,155)	(3,744,902)
Net carrying amount	$ 2,415,056	$ 3,030,309

CORE DEPOSIT INTANGIBLE ASSET61

CORE DEPOSIT INTANGIBLE ASSETS - Future Amortization Expense For The Company's Core-Deposit Intangible Assets (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CORE DEPOSIT INTANGIBLE ASSETS
2,017	$ 173,930
2,018	616,111
2,019	540,682
2,020	488,027
2,021	380,430
Subsequent years	215,876
Net carrying amount	$ 2,415,056	$ 3,030,309

DEPOSITS - Composition Of Depos

DEPOSITS - Composition Of Deposits (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
DEPOSITS
Noninterest-bearing deposits	$ 129,803,561	$ 111,378,694
Checking	61,871,196	58,482,158
Savings	108,311,134	120,376,229
Money market	128,889,184	109,550,925
Total interest-bearing checking, savings and money market deposits	299,071,514	288,409,312
Time deposits $250,000 and below	107,628,824	114,871,256
Time deposits above $250,000	12,851,867	11,799,132
Total time deposits	120,480,691	126,670,388
Total interest-bearing deposits	419,552,205	415,079,700
Total Deposits	$ 549,355,766	$ 526,458,394

DEPOSITS - Maturity Distributio

DEPOSITS - Maturity Distribution Of Time Deposits (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
DEPOSITS
Maturing within one year	$ 46,858,112
Maturing over one to two years	55,805,665
Maturing over two to three years	6,542,871
Maturing over three to four years	5,879,480
Maturing over four to five years	5,113,189
Maturing over five years	281,374
Total time deposits	$ 120,480,691	$ 126,670,388

DEPOSITS - Interest Expense On

DEPOSITS - Interest Expense On Deposits (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
DEPOSITS
Interest-bearing checking			$ 57,630	$ 44,740
Savings			305,957	157,903
Money market			322,550	190,078
Total interest-bearing checking, savings and money market deposits			686,137	392,721
Time deposits $250,000 and below			667,250	697,853
Time deposits above $250,000			88,744	71,681
Total time deposits			755,994	769,534
Total Interest Expense	$ 541,283	$ 560,599	$ 1,442,131	$ 1,162,255

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Time deposit accounts	$ 120,480,691	$ 126,670,388
CDARS Balances [Member]
Brokered deposits	15,000,000	11,000,000
ICS Deposits [Member]
Brokered deposits	$ 15,000,000	$ 11,000,000

SHORT-TERM BORROWINGS - Federal

SHORT-TERM BORROWINGS - Federal Home Loan Bank Advances (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 25,000,000	$ 20,000,000
Due December, 2017, Daily Rate 0.80%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances		$ 20,000,000
Interest rate		0.80%
Due December, 2017, Daily Rate 1.32%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 3,000,000
Interest rate	1.32%
Due October, 2017, Fixed Rate 1.17%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 8,000,000
Interest rate	1.17%
Due October, 2017, Fixed Rate 1.16%
Short-term Debt [Line Items]
Federal Home Loan Bank Advances	$ 14,000,000
Interest rate	1.16%

SHORT-TERM BORROWINGS - Additio

SHORT-TERM BORROWINGS - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
SHORT-TERM BORROWINGS.
Interest expense on FHLB and ACBB advances	$ 253,146	$ 171,246
Long-term borrowings	$ 0		$ 0

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock-Based Compensation Plans (Details)	9 Months Ended
	Sep. 30, 2017shares	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options outstanding	176,544	387,630
Jefferson Bancorp, Inc. 2010 Stock Option Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock of the company authorized for issuance	577,642
Stock options outstanding	55,544	156,072
Ratio of common stock shares to be received per share of acquiree	2.2217
Term of options	10 years
Options exercise price as a percentage of fair market value	100.00%
2015 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock of the company authorized for issuance	100,000
Stock options outstanding	30,000	45,000
2015 Equity Plan [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Aggregate number of shares that may be issued to any participant in a calendar year	20,000
2015 Equity Plan [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants of shares authorized	100,000
2007 Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock of the company authorized for issuance	500,000
Stock options outstanding	91,000	186,558

STOCK-BASED COMPENSATION - Chan

STOCK-BASED COMPENSATION - Changes In Company's Stock Options Outstanding (Details) - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
STOCK-BASED COMPENSATION
Stock Options Outstanding at beginning of period	387,630
Stock Options Granted	10,000
Stock Options Exercised	(175,306)
Stock Options Forfeited or expired	(45,780)
Stock Options Outstanding at end of period	176,544	387,630
Exercisable at end of period	122,544
Weighted Average Exercise Price, Stock Options Outstanding at beginning of period	$ 5.32
Weighted Average Exercise Price, Stock Options Granted	7
Weighted Average Exercise Price, Stock Options Exercised	3.71
Weighted Average Exercise Price, Stock Options Forfeited or expired	4.30
Weighted Average Exercise Price, Stock Options Outstanding at end of period	5.13	$ 5.32
Weighted Average Exercise Price, Exercisable	$ 4.99
Weighted Average Remaining Contractual Life, Outstanding	6 years	6 years 1 month 6 days
Weighted Average Remaining Contractual Life, Granted	9 years 3 months 18 days
Weighted Average Remaining Contractual Life, Exercisable	5 years 1 month 6 days

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Awards (Details)	May 25, 2017directorshares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Dec. 31, 2016shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition of stock-option compensation expense		2 years 9 months 18 days
Stock-based compensation expense applicable to the Plans		$ 32,847	$ 41,020
Unrecognized stock-based compensation expense		68,172
Revised Director Compensation Policy [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair market value of annual grant of restricted stock		$ 10,000
Period for recognition of stock-option compensation expense		1 year 4 months 24 days
Vesting period		1 year
Number of directors | director	8
Non-vested restricted shares outstanding | shares		50,662		66,093
Stock-based compensation expense applicable to the Plans		$ 161,924	$ 59,999
Shares of common stock granted | shares	13,250
Unrecognized stock-based compensation expense		$ 249,095
Incentive Stock Award Program [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock granted | shares		104,012

DEFINED BENEFIT PENSION PLAN -

DEFINED BENEFIT PENSION PLAN - Components Of Net Periodic Pension Cost (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
DEFINED BENEFIT PENSION PLAN
Service cost	$ 54,501	$ 54,674
Interest cost	204,030	338,672
Expected return on plan assets	(315,644)	(482,811)
Net periodic pension benefit	$ (57,113)	$ (89,465)

DEFINED BENEFIT PENSION PLAN 72

DEFINED BENEFIT PENSION PLAN - 401(k) Plan (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 31, 2015
DEFINED BENEFIT PENSION PLAN
Percentage of Company's 401(k) matching contribution			50.00%	50.00%
Cap on Company's matching contribution			3.00%	2.00%
Expense associated with 401(k)	$ 109,875	$ 215,689

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INCOME TAXES
Income tax expense at federal statutory rate	34.00%	34.00%	34.00%	34.00%
Tax exempt income	(1.50%)	(1.90%)	(1.80%)	(1.70%)
State income taxes, net of federal income tax benefit	5.90%	5.60%	5.50%	5.60%
Incentive stock options	1.30%	0.60%	0.90%	0.50%
Other	0.20%	(6.90%)	0.10%	(2.60%)
Effective income tax rate	39.90%	31.40%	38.70%	35.80%

NET INCOME PER COMMON SHARE (De

NET INCOME PER COMMON SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Basic earnings per share:
Net income available to common stockholders	$ 2,198,836	$ 374,226	$ 4,381,003	$ 1,009,729
Weighted average shares outstanding	10,655,098	10,635,740	10,586,994	10,848,931
Net income per share - basic	$ 0.21	$ 0.04	$ 0.41	$ 0.09
Diluted earnings per share:
Net income available to common stockholders	$ 2,198,836	$ 374,226	$ 4,381,003	$ 1,009,729
Weighted average shares outstanding	10,655,098	10,635,740	10,586,994	10,848,931
Dilutive potential shares	150,693	113,642	133,709	108,110
Total diluted average shares outstanding	10,805,791	10,749,382	10,720,703	10,957,041
Net income per share - diluted	$ 0.20	$ 0.03	$ 0.41	$ 0.09

COMMITMENTS AND CONTINGENT LI75

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($)	Sep. 20, 2016	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Damages sought excluding interest	$ 1,480,000
Damages paid		$ 1,400,000
Damages recovered from insurance policies		1,500,000
Mortgage loan repurchase obligations		3,700,000	$ 7,200,000
Loan Commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		7,339,254	7,729,629
Unused Lines Of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		124,470,241	93,883,713
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		8,120,345	8,424,706
Mortgage Loan Repurchase Obligation [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Off-balance sheet commitments and contingent liabilities		$ 3,743,837	$ 7,177,755

FAIR VALUE - Assets Recorded At

FAIR VALUE - Assets Recorded At Fair Value On A Recurring Basis (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 57,883,197	$ 60,232,727
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	15,062	57,134
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	57,868,135	60,175,593
U.S. Government Agency [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,865,607	7,773,118
U.S. Government Agency [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,865,607	7,773,118
U. S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	8,722,380	8,623,259
U. S. Treasury Securities [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	8,722,380	8,623,259
Residential Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	33,352,033	30,813,481
Residential Mortgage-Backed Securities [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	33,352,033	30,813,481
State And Municipal [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	2,588,725	2,637,280
State And Municipal [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	2,588,725	2,637,280
Corporate Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,339,390	10,328,455
Corporate Obligations [Member] | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	6,339,390	10,328,455
Equity Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	15,062	57,134
Equity Securities [Member] | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available for sale, at fair value	$ 15,062	$ 57,134

FAIR VALUE - Assets Recorded 77

FAIR VALUE - Assets Recorded At Fair Value On A Nonrecurring Basis (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Nonrecurring fair value adjustment	$ 0	$ 0
Impaired loans	729,133	819,877
Real estate acquired through foreclosure	1,077,687	1,224,939
Total recorded assets measured at fair value on a nonrecurring basis	1,806,820	2,044,816
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	729,133	819,877
Real estate acquired through foreclosure	1,077,687	1,224,939
Total recorded assets measured at fair value on a nonrecurring basis	$ 1,806,820	$ 2,044,816

FAIR VALUE - Quantitative Infor

FAIR VALUE - Quantitative Information About Level 3 Fair Value Measurements (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	$ 1,806,820	$ 2,044,816
Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	1,806,820	2,044,816
Impaired Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	729,133	819,877
Real Estate Acquired Through Foreclosure [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets measured on nonrecurring basis	$ 1,077,687	$ 1,224,939
Minimum | Impaired Loans [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Minimum | Real Estate Acquired Through Foreclosure [Member] | Market Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Minimum | Real Estate Acquired Through Foreclosure [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	0.00%	0.00%
Maximum | Impaired Loans [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%
Maximum | Real Estate Acquired Through Foreclosure [Member] | Market Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%
Maximum | Real Estate Acquired Through Foreclosure [Member] | Cost Approach Valuation Technique [Member] | Fair Value, Measurements, Nonrecurring [Member] | Level 3
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Range	10.00%	10.00%

FAIR VALUE - Estimated Fair Val

FAIR VALUE - Estimated Fair Values Of Financial Instruments (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	$ 57,868,135	$ 60,175,593
Investment securities held-to-maturity (debt)	$ 1,087,509	1,149,342
Assumed interest rate for nonperforming loans	0.00%
Level 1 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	$ 39,524,954	40,027,456
Investment securities available-for-sale (equity)	15,062	57,134
Level 1 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	41,666,202	40,027,456
Investment securities available-for-sale (equity)	15,062	57,134
Level 2 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	57,868,135	60,175,593
Investment securities held-to-maturity (debt)	1,094,740	1,158,238
Restricted equity securities	1,939,795	1,823,195
Loans held for sale	401,803	1,613,497
Accrued interest receivable	2,018,900	1,884,945
Accrued interest payable	40,275	16,406
Borrowings	25,000,000	20,000,000
Level 2 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Investment securities available-for-sale (debt)	57,868,135	60,175,593
Investment securities held-to-maturity (debt)	1,087,509	1,149,342
Restricted equity securities	1,939,795	1,823,195
Loans held for sale	401,803	1,613,497
Accrued interest receivable	1,870,876	1,884,945
Accrued interest payable	40,275	16,406
Borrowings	25,000,000	20,000,000
Level 3 | Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans, net of allowance	521,211,844	484,280,560
Deposits	549,355,766	526,458,394
Level 3 | Estimated Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Loans, net of allowance	523,212,000	487,325,072
Deposits	$ 549,504,000	$ 526,119,460

REGULATORY MATTERS - Basel III

REGULATORY MATTERS - Basel III Rules And Other Information (Details)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Regulatory minimum of leverage capital to be well capitalized	5.00%	5.00%
Leverage ratio required for term of Operating Agreement	10.00%
Minimum
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Leverage ratio required for term of Operating Agreement	8.50%
Conservation Buffer [Member] | Phased In Current Fiscal Year [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of Conservation Buffer	1.25%

REGULATORY MATTERS - Capital Am

REGULATORY MATTERS - Capital Amounts And Ratios (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017USD ($)loan	Dec. 31, 2016USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital, Actual Amount	$ 67,797	$ 63,057
Common Equity Tier 1 Capital, Actual Ratio	12.27%	12.32%
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Amount	$ 24,859	$ 23,039
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 35,908	$ 33,279
Common Equity Tier 1 Capital to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%
Tier I Risk-Based Capital, Actual Amount	$ 67,797	$ 63,057
Tier I Risk-Based Capital, Actual Ratio	12.27%	12.32%
Tier I Risk-Based Capital For Capital Adequacy Purpose, Amount	$ 33,146	$ 30,719
Tier I Risk-Based Capital For Capital Adequacy Purpose, Ratio	6.00%	6.00%
Tier 1 Risk-Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 44,194	$ 40,959
Tier 1 Risk-Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, To Be Well Capitalized Ratio	8.00%	8.00%
Total Risk-Based Capital, Actual Amount	$ 71,847	$ 65,883
Total Risk-Based Capital, Actual Ratio	13.01%	12.87%
Total Risk-Based Capital For Capital Adequacy Purposes, Amount	$ 44,194	$ 40,959
Total Risk-Based Capital For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Risk Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 55,243	$ 51,199
Total Risk Based Capital To Be Well Capitalized Under Prompt Corrective Action Provisions. Ratio	10.00%	10.00%
Leverage Capital, Actual Amount	$ 67,797	$ 63,057
Leverage Capital, Actual Ratio	10.53%	10.45%
Leverage Capital For Capital Adequacy Purpose, Amount	$ 25,751	$ 24,133
Leverage Capital For Capital Adequacy Purpose, Ratio	4.00%	4.00%
Leverage Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 32,189	$ 30,166
Leverage Capital To Be Well Capitalized Under Prompt Corrective Action Provisions, To Be Well Capitalized Ratio	5.00%	5.00%
One-time dividend paid to Company by Bank to fund Hopkins acquisition		$ 23,270
Maximum percentage of loans to a single affiliate under regulations	10.00%
Maximum percentage of loans to affiliates to capital stock	20.00%
Number of loans to any nonbank affiliate | loan	0
Conservation Buffer [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Amount	$ 31,765	$ 26,239
Common Equity Tier 1 Capital for Capital Adequacy Purposes, Ratio	5.75%	5.125%
Tier I Risk-Based Capital For Capital Adequacy Purpose, Amount	$ 40,051	$ 33,919
Tier I Risk-Based Capital For Capital Adequacy Purpose, Ratio	7.25%	6.625%
Total Risk-Based Capital For Capital Adequacy Purposes, Amount	$ 51,100	$ 44,159
Total Risk-Based Capital For Capital Adequacy Purposes, Ratio	9.25%	8.625%
Leverage Capital For Capital Adequacy Purpose, Amount	$ 33,798	$ 27,904
Leverage Capital For Capital Adequacy Purpose, Ratio	5.25%	4.625%

OTHER COMPREHENSIVE INCOME (Det

OTHER COMPREHENSIVE INCOME (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Accumulated other comprehensive income
Defined benefit pension liability	$ 319,595		$ 319,595		$ 994,156
Balance at beginning of period			30,383	$ 573,560
Other comprehensive income (loss) before reclassification adjustments			644,750	235,381
Amounts reclassified from comprehensive loss			35,697	(292,504)
Other comprehensive income (loss)	255,226	$ 43,791	680,447	(57,123)
Balance at end of period	710,830	516,437	710,830	516,437
Net AFS debt securities gain (loss)	17,437	55,614	420,702	933,926
Reclassification adjustments Before Tax	64,898		59,377	(486,534)
Net income (loss) recognized in other comprehensive income (loss)	82,335		480,079	447,392
Net actuarial income (losses) Before Tax	332,080		647,271	(558,690)
Net income (loss) recognized in other comprehensive income (loss)	332,080		647,271	(558,690)
Other comprehensive loss Before Tax	414,415	55,614	1,127,350	(111,298)
Net AFS debt securities gain (loss), Tax	(4,627)	(11,823)	(156,280)	(360,230)
Reclassification adjustments, Tax	(25,881)		(23,680)	194,030
Net income (loss) recognized in other comprehensive income (loss), Tax	(30,508)	(11,823)	(179,960)	(166,200)
Net actuarial (income) losses, Tax	(128,681)		(266,943)	220,375
Net income (loss) recognized in other comprehensive income (loss), Tax	(128,681)		(266,943)	220,375
Other comprehensive income (loss), Tax	(159,189)	(11,823)	(446,903)	54,175
Net AFS debt securities gain (loss), Net of Tax	12,810	43,791	264,422	573,696
Reclassification adjustments, Net of Tax	39,017		35,697	(292,504)
Net income (loss) recognized in other comprehensive income (loss), Net of Tax	51,827	43,791	300,119	281,192
Net actuarial income (losses), Net of Tax	203,399		380,328	(338,315)
Net income (loss) recognized in other comprehensive income (loss), Net of Tax	203,399		380,328	(338,315)
Unrealized Gains On Investments Available For Sale [Member]
Accumulated other comprehensive income
Balance at beginning of period			(202,262)	168,814
Other comprehensive income (loss) before reclassification adjustments			264,422	573,696
Amounts reclassified from comprehensive loss			35,697	(292,504)
Other comprehensive income (loss)			300,119	281,192
Balance at end of period	97,857	450,006	97,857	450,006
Defined Benefit Pension Plan [Member]
Accumulated other comprehensive income
Balance at beginning of period			232,645	404,746
Other comprehensive income (loss) before reclassification adjustments			380,328	(338,315)
Other comprehensive income (loss)			380,328	(338,315)
Balance at end of period	$ 612,973	$ 66,431	$ 612,973	$ 66,431