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Disclosure Regarding Fair Value of Financial Statements (Details 4) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Financial Assets:    
Cash and due from banks $ 7,187,028 $ 5,295,924
Interest-bearing deposits in other banks 14,576,120 23,898,862
Investments available for sale 115,082,608 119,997,585
Mortgage loans to be sold 4,962,967 5,820,239
Accrued interest receivable 1,018,121 1,284,063
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]    
Financial Assets:    
Cash and due from banks 7,187,028 5,295,924
Interest-bearing deposits in other banks 14,576,120 23,898,862
Investments available for sale 24,330,157 34,633,673
Significant Other Observable Inputs (Level 2) [Member]    
Financial Assets:    
Investments available for sale 79,358,120 80,146,234
Mortgage loans to be sold 4,962,967 5,820,239
Accrued interest receivable 1,018,121 1,284,063
Financial Liabilities:    
Demand Deposits 321,889,866 303,950,800
Time Deposits 43,525,203 54,780,915
Accrued interest payable 48,158 73,421
Significant Unobservable Inputs (Level 3) [Member]    
Financial Assets:    
Investments available for sale 11,394,331 5,217,678
Loans 266,185,324 242,581,154
Carrying Amount [Member]    
Financial Assets:    
Cash and due from banks 7,187,028 5,295,924
Interest-bearing deposits in other banks 14,576,120 23,898,862
Investments available for sale 115,082,608 119,997,585
Mortgage loans to be sold 4,962,967 5,820,239
Loans 266,383,656 242,622,705
Accrued interest receivable 1,018,121 1,284,063
Financial Liabilities:    
Demand Deposits 321,889,866 303,950,800
Time Deposits 43,516,688 54,767,812
Accrued interest payable 48,158 73,421
Fair Value [Member]    
Financial Assets:    
Cash and due from banks 7,187,028 5,295,924
Interest-bearing deposits in other banks 14,576,120 23,898,862
Investments available for sale 115,082,608 119,997,585
Mortgage loans to be sold 4,962,967  
Loans 266,185,324 242,581,154
Accrued interest receivable 1,018,121 1,284,063
Financial Liabilities:    
Demand Deposits 321,889,866 303,950,800
Time Deposits 43,525,203 54,780,915
Accrued interest payable $ 48,158 $ 73,421