XML 48 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Disclosure Regarding Fair Value of Financial Statements (Details 3) - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Financial Assets:    
Investment securities available for sale $ 117,401,729 $ 119,668,874
Level 1 [Member]    
Financial Assets:    
Cash and due from banks 7,022,081 6,325,457
Interest-bearing deposits at the Federal Reserve 20,299,857 25,506,784
Investment securities available for sale 32,633,010 32,356,634
Level 2 [Member]    
Financial Assets:    
Investment securities available for sale 79,030,101 81,070,285
Mortgage loans to be sold 2,437,420 1,199,438
Accrued interest receivable 1,498,839 1,561,915
Financial Liabilities:    
Demand deposits 347,799,383 347,909,663
Time deposits 30,789,351 38,747,898
Accrued interest payable 62,300 163,876
Level 3 [Member]    
Financial Assets:    
Investment securities available for sale 5,738,618 6,241,955
Loans, net 264,359,979 263,780,751
Carrying Amount [Member]    
Financial Assets:    
Cash and due from banks 7,022,081 6,325,457
Interest-bearing deposits at the Federal Reserve 20,299,857 25,506,784
Investment securities available for sale 117,401,729 119,668,874
Mortgage loans to be sold 2,437,420 1,199,438
Loans, net 271,108,852 270,449,936
Accrued interest receivable 1,498,839 1,561,915
Financial Liabilities:    
Demand deposits 347,799,383 347,909,663
Time deposits 27,578,799 34,468,725
Accrued interest payable 62,300 163,876
Estimated Fair Value [Member]    
Financial Assets:    
Cash and due from banks 7,022,081 6,325,457
Interest-bearing deposits at the Federal Reserve 20,299,857 25,506,784
Investment securities available for sale 117,401,729 119,668,874
Mortgage loans to be sold 2,437,420 1,199,438
Loans, net 264,359,979 263,780,751
Accrued interest receivable 1,498,839 1,561,915
Financial Liabilities:    
Demand deposits 347,799,383 347,909,663
Time deposits 30,789,351 38,747,898
Accrued interest payable $ 62,300 $ 163,876