CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income	$ 3,022,154	$ 3,530,111
Adjustments to reconcile net income net cash (used in) provided by operating activities:
Depreciation expense	210,774	109,132
Gain on sale of investment securities		(28,900)
Provision for loan losses		145,000
Stock-based compensation expense	45,723	37,763
Deferred income taxes	(487,188)	(21,966)
Net amortization of unearned discounts on investment securities available for sale	94,805	140,730
Origination of mortgage loans held for sale	(69,441,770)	(27,140,026)
Proceeds from sale of mortgage loans held for sale	62,879,980	25,464,482
Increase in accrued interest receivable and other assets	(22,756)	(215,254)
Increase in accrued interest payable and other liabilities	548,019	599,626
Net cash (used in) provided by operating activities	(3,150,259)	2,620,698
Cash flows from investing activities:
Proceeds from calls and maturities of investment securities available for sale	10,088,000	5,743,835
Proceeds from sale of investment securities available for sale		14,952,500
Purchase of investment securities available for sale	(16,650,000)
Net increase in loans	(35,727,873)	(9,412,146)
Purchase of premises, equipment, and leasehold improvements, net	(81,720)	(463,239)
Net cash (used in) provided by investing activities	(42,371,593)	10,820,950
Cash flows from financing activities:
Net increase in deposit accounts	94,505,522	1,431,517
Dividends paid	(1,769,658)	(1,709,314)
Stock options exercised	71,549	100,399
Share repurchases	(148,550)
Net cash provided by (used in) financing activities	92,658,863	(177,398)
Net increase in cash and cash equivalents	47,137,011	13,264,250
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	96,231,430	45,096,491
Cash paid during the period for:
Interest	207,880	589,058
Income taxes		627,642
Supplemental disclosures for non-cash investing and financing activity:
Change in unrealized gain on securities available for sale, net of income taxes	(1,571,714)	(2,030,501)
Change in dividends payable	109	57,406
Right of use assets obtained in exchange for lease obligations		7,334,079
Change in right of use assets and lease liabilities	$ (237,443)	$ (115,435)