Disclosure Regarding Fair Value of Financial Statements (Details 4) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Financial Assets:
Investment securities available for sale	$ 92,415,838	$ 100,449,956
Level 1 [Member]
Financial Assets:
Cash and due from banks	7,096,424	9,773,893
Interest-bearing deposits at the Federal Reserve	100,059,700	39,320,526
Investment securities available for sale	23,625,549	23,180,200
Level 2 [Member]
Financial Assets:
Investment securities available for sale	62,386,569	65,315,305
Mortgage loans to be sold	5,353,044	5,062,398
Accrued interest receivable	1,233,584	1,309,772
Financial Liabilities:
Demand deposits	411,199,981	357,008,868
Time deposits	24,635,726	21,962,039
Accrued interest payable	35,846	38,748
Level 3 [Member]
Financial Assets:
Investment securities available for sale	6,403,720	11,954,451
Loans, net	270,077,876	271,736,572
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	7,096,424	9,773,893
Interest-bearing deposits at the Federal Reserve	100,059,700	39,320,526
Investment securities available for sale	92,415,838	100,449,956
Mortgage loans to be sold	5,353,044	5,062,398
Loans, net	274,361,447	270,068,802
Accrued interest receivable	1,233,584	1,309,772
Financial Liabilities:
Demand deposits	411,199,981	357,008,868
Time deposits	21,181,552	22,182,787
Accrued interest payable	35,846	38,748
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	7,096,424	9,773,893
Interest-bearing deposits at the Federal Reserve	100,059,700	39,320,526
Investment securities available for sale	92,415,838	100,449,956
Mortgage loans to be sold	5,353,044	5,062,398
Loans, net	270,077,876	271,736,572
Accrued interest receivable	1,233,584	1,309,772
Financial Liabilities:
Demand deposits	411,199,981	357,008,868
Time deposits	24,635,726	21,962,039
Accrued interest payable	$ 35,846	$ 38,748