Disclosure Regarding Fair Value of Financial Statements (Details 4) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Financial Assets:
Investment securities available for sale	$ 135,307,515	$ 100,449,956
Level 1 [Member]
Financial Assets:
Cash and due from banks	5,740,658	9,773,893
Interest-bearing deposits at the Federal Reserve	38,757,226	39,320,526
Investment securities available for sale	23,507,937	23,180,200
Level 2 [Member]
Financial Assets:
Investment securities available for sale	105,765,007	65,315,305
Mortgage loans to be sold	12,728,519	5,062,398
Accrued interest receivable	1,428,042	1,309,772
Financial Liabilities:
Demand deposits	438,660,761	357,008,868
Time deposits	20,423,255	21,962,039
Accrued interest payable	27,238	38,748
Level 3 [Member]
Financial Assets:
Investment securities available for sale	6,034,571	11,954,451
Loans, net	308,959,704	271,736,572
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	5,740,658	9,773,893
Interest-bearing deposits at the Federal Reserve	38,757,226	39,320,526
Investment securities available for sale	135,307,515	100,449,956
Mortgage loans to be sold	12,728,519	5,062,398
Loans, net	316,598,827	270,068,802
Accrued interest receivable	1,428,042	1,309,772
Financial Liabilities:
Demand deposits	438,660,761	357,008,868
Time deposits	20,494,908	22,182,787
Accrued interest payable	27,238	38,748
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	5,740,658	9,773,893
Interest-bearing deposits at the Federal Reserve	38,757,226	39,320,526
Investment securities available for sale	135,307,515	100,449,956
Mortgage loans to be sold	12,728,519	5,062,398
Loans, net	308,959,704	271,736,572
Accrued interest receivable	1,428,042	1,309,772
Financial Liabilities:
Demand deposits	438,660,761	357,008,868
Time deposits	20,423,255	21,962,039
Accrued interest payable	$ 27,238	$ 38,748