CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows from operating activities:
Net income	$ 4,725,425	$ 5,544,902
Adjustments to reconcile net income net cash (used in) provided by operating activities:
Depreciation expense	316,249	170,690
Gain on sale of investment securities		(28,897)
Provision for loan losses	40,000	155,000
Stock-based compensation expense	70,136	57,908
Deferred income taxes	(449,849)	(29,329)
Net amortization of unearned discounts on investment securities available for sale	228,908	200,138
Origination of mortgage loans held for sale	(121,792,079)	(48,507,050)
Proceeds from sale of mortgage loans held for sale	114,125,958	44,771,057
(Increase) decrease in accrued interest receivable and other assets	(118,270)	20,120
Increase in accrued interest payable and other liabilities	1,066,352	304,326
Net cash (used in) provided by operating activities	(1,787,170)	2,658,865
Cash flows from investing activities:
Proceeds from calls and maturities of investment securities available for sale	15,158,000	7,423,835
Proceeds from sale of investment securities available for sale		20,317,250
Purchase of investment securities available for sale	(48,260,421)	(3,603,000)
Net increase in loans	(46,570,025)	(1,090,933)
Purchase of premises, equipment, and leasehold improvements, net	(153,435)	(1,493,686)
Net cash (used in) provided by investing activities	(79,825,881)	21,553,466
Cash flows from financing activities:
Net increase in deposit accounts	79,964,014	4,825,959
Dividends paid	(2,654,567)	(2,593,358)
Stock options exercised	105,937	138,286
Share repurchases	(398,868)
Net cash provided by financing activities	77,016,516	2,370,887
Net (decrease) increase in cash and cash equivalents	(4,596,535)	26,583,218
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	44,497,884	58,415,459
Cash paid during the period for:
Interest	253,785	819,131
Income taxes	500,000	1,152,918
Supplemental disclosures for non-cash investing and financing activity:
Change in unrealized gain on securities available for sale, net of income taxes	(1,567,396)	(2,321,352)
Change in dividends payable	53,474	611,160
Right of use assets obtained in exchange for lease obligations		13,519,027
Change in right of use assets and lease liabilities	$ (358,255)	$ (193,235)