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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Statement of Comprehensive Income [Abstract]        
Net income $ 1,703,271 $ 2,014,791 $ 4,725,425 $ 5,544,902
Other comprehensive (loss) income        
Unrealized (loss) gain on securities arising during the period (5,467) 368,166 1,984,046 2,967,317
Reclassification adjustment for securities gains realized in net income       (28,897)
Other comprehensive (loss) income before tax (5,467) 368,166 1,984,046 2,938,420
Income tax effect related to items of other comprehensive (loss) income before tax 1,149 (77,315) (416,650) (617,068)
Other comprehensive (loss) income after tax (4,318) 290,851 1,567,396 2,321,352
Total comprehensive income $ 1,698,953 $ 2,305,642 $ 6,292,821 $ 7,866,254