CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash flows from operating activities:
Net income	$ 1,521,131	$ 1,689,264
Adjustments to reconcile net income net cash provided by operating activities:
Depreciation expense	104,638	51,973
Provision for loan losses		10,000
Stock-based compensation expense	16,418	18,881
Deferred income taxes	(476,772)	(13,563)
Net amortization of unearned discounts on investment securities available for sale	40,898	72,760
Origination of mortgage loans held for sale	(23,150,204)	(12,302,642)
Proceeds from sale of mortgage loans held for sale	22,859,558	11,064,660
Decrease (increase) in accrued interest receivable and other assets	76,188	(528,022)
Increase in accrued interest payable and other liabilities	377,465	487,408
Net cash provided by operating activities	1,369,320	550,719
Cash flows from investing activities:
Proceeds from calls and maturities of investment securities available for sale	8,754,000	3,450,000
Net increase in loans	(4,292,645)	(668,916)
Purchase of premises, equipment, and leasehold improvements, net	(78,537)	(66,527)
Net cash provided by investing activities	4,382,818	2,714,557
Cash flows from financing activities:
Net increase (decrease) in deposit accounts	53,189,878	(7,000,206)
Dividends paid	(884,800)	(826,638)
Stock options exercised	4,489	51,265
Net cash provided by (used in) financing activities	52,309,567	(7,775,579)
Net increase (decrease) in cash and cash equivalents	58,061,705	(4,510,303)
Cash and cash equivalents at the beginning of the period	49,094,419	31,832,241
Cash and cash equivalents at the end of the period	107,156,124	27,321,938
Cash paid during the period for:
Interest	96,973	345,334
Supplemental disclosures for non-cash investing and financing activity:
Change in unrealized gain on securities available for sale, net of income taxes	(601,016)	(991,936)
Change in dividends payable	59	56,038
Right of use assets obtained in exchange for lease obligations		7,334,079
Change in right of use assets and lease liabilities	$ 117,917	$ 57,365