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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 1,501,023 $ 1,840,847 $ 3,022,154 $ 3,530,111
Other comprehensive income        
Unrealized gain on securities arising during the period 1,228,734 1,343,539 1,989,513 2,599,154
Reclassification adjustment for securities gains realized in net income   (28,900)   (28,900)
Other comprehensive income before tax 1,228,734 1,314,639 1,989,513 2,570,254
Income tax effect related to items of other comprehensive income before tax (258,036) (276,074) (417,799) (539,753)
Other comprehensive income after tax 970,698 1,038,565 1,571,714 2,030,501
Total comprehensive income $ 2,471,721 $ 2,879,412 $ 4,593,868 $ 5,560,612