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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Comprehensive Income [Abstract]    
Net income $ 1,521,131 $ 1,689,264
Other comprehensive income    
Unrealized gain on securities arising during the period 760,779 1,255,615
Reclassification adjustment for securities gains realized in net income  
Other comprehensive income before tax 760,779 1,255,615
Income tax effect related to items of other comprehensive income before tax (159,763) (263,679)
Other comprehensive income after tax 601,016 991,936
Total comprehensive income $ 2,122,147 $ 2,681,200