Accumulated Other Comprehensive Income (Loss) (Tables)

3 Months Ended

Mar. 31, 2018

Equity [Abstract]

Schedule of reclassification in accumulated other comprehensive income

The following is changes in accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2018 and 2017:

Available for sale securities
Beginning Balance December 31, 2017	$	(696,296	)
Change in net unrealized losses on securities available for sale		(1,337,571	)
Reclassification adjustment for net securities gains included in net income		(4,348	)
Income tax benefit		293,921
Ending Balance at March 31, 2018	$	(1,744,294	)
Beginning Balance December 31, 2016	$	(607,109	)
Change in net unrealized losses on securities available for sale		585,821
Reclassification adjustment for net securities gains included in net income		—
Income tax expense		(216,753	)
Ending Balance at March 31, 2017	$	(238,041	)

Schedule of amounts reclassified from accumulated other comprehensive income

The following table shows the line items in the consolidated Statements of Income affected by amounts reclassified from accumulated other comprehensive income:

	Three Months Ended March 31,
	2018			2017
Gain on sale of investments, net	$	4,348		$	—
Tax effect		(913	)		—
Total reclassification, net of tax	$	3,435		$	—