Disclosure Regarding Fair Value of Financial Statements (Details 4) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Financial Assets:
Investment securities available for sale	$ 108,906,662	$ 100,449,956
Level 1 [Member]
Financial Assets:
Cash and due from banks	6,886,753	9,773,893
Interest-bearing deposits at the Federal Reserve	89,344,677	39,320,526
Investment securities available for sale	23,601,441	23,180,200
Level 2 [Member]
Financial Assets:
Investment securities available for sale	79,218,879	65,315,305
Mortgage loans to be sold	11,624,188	5,062,398
Accrued interest receivable	1,332,528	1,309,772
Financial Liabilities:
Demand deposits	452,451,437	357,008,868
Time deposits	23,478,635	21,962,039
Accrued interest payable	29,492	38,748
Level 3 [Member]
Financial Assets:
Investment securities available for sale	6,086,342	11,954,451
Loans, net	298,879,296	271,736,572
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	6,886,753	9,773,893
Interest-bearing deposits at the Federal Reserve	89,344,677	39,320,526
Investment securities available for sale	108,906,662	100,449,956
Mortgage loans to be sold	11,624,188	5,062,398
Loans, net	305,796,675	270,068,802
Accrued interest receivable	1,332,528	1,309,772
Financial Liabilities:
Demand deposits	452,451,437	357,008,868
Time deposits	21,245,740	22,182,787
Accrued interest payable	29,492	38,748
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	6,886,753	9,773,893
Interest-bearing deposits at the Federal Reserve	89,344,677	39,320,526
Investment securities available for sale	108,906,662	100,449,956
Mortgage loans to be sold	11,624,188	5,062,398
Loans, net	298,879,296	271,736,572
Accrued interest receivable	1,332,528	1,309,772
Financial Liabilities:
Demand deposits	452,451,437	357,008,868
Time deposits	23,478,635	21,962,039
Accrued interest payable	$ 29,492	$ 38,748