DISCLOSURES REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Investment securities available for sale	$ 134,819,818	$ 100,449,956
Level 1 [Member]
Investment securities available for sale	20,410,550	23,180,200
Level 2 [Member]
Investment securities available for sale	108,725,338	65,315,305
Level 3 [Member]
Investment securities available for sale	5,683,930	11,954,451
U.S. Treasury Notes [Member]
Investment securities available for sale	20,410,550	23,180,200
Government-Sponsored Enterprises [Member]
Investment securities available for sale	97,852,806	50,498,195
Municipal Securities [Member]
Investment securities available for sale	16,556,462	26,771,561
Recurring Basis [Member]
Investment securities available for sale	134,819,818	100,449,956
Recurring Basis [Member] | Level 1 [Member]
Investment securities available for sale	20,410,550	23,180,200
Recurring Basis [Member] | Level 2 [Member]
Investment securities available for sale	108,725,338	65,315,305
Recurring Basis [Member] | Level 3 [Member]
Investment securities available for sale	5,683,930	11,954,451
Recurring Basis [Member] | U.S. Treasury Notes [Member]
Investment securities available for sale	20,410,550	23,180,200
Recurring Basis [Member] | U.S. Treasury Notes [Member] | Level 1 [Member]
Investment securities available for sale	20,410,550	23,180,200
Recurring Basis [Member] | Government-Sponsored Enterprises [Member]
Investment securities available for sale	97,852,806	50,498,195
Recurring Basis [Member] | Government-Sponsored Enterprises [Member] | Level 2 [Member]
Investment securities available for sale	97,852,806	50,498,195
Recurring Basis [Member] | Municipal Securities [Member]
Investment securities available for sale	16,556,462	26,771,561
Recurring Basis [Member] | Municipal Securities [Member] | Level 2 [Member]
Investment securities available for sale	10,872,532	14,817,110
Recurring Basis [Member] | Municipal Securities [Member] | Level 3 [Member]
Investment securities available for sale	$ 5,683,930	$ 11,954,451