DISCLOSURE REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Investment securities available for sale	$ 142,667,417	$ 134,819,818
Level 1 [Member]
Investment securities available for sale	35,329,100	20,410,550
Level 2 [Member]
Investment securities available for sale	105,369,441	108,725,338
Level 3 [Member]
Investment securities available for sale	1,968,876	5,683,930
U.S. Treasury Notes [Member]
Investment securities available for sale	35,329,100	20,410,550
Government-Sponsored Enterprises [Member]
Investment securities available for sale	95,291,360	97,852,806
Municipal Securities [Member]
Investment securities available for sale	12,046,957	16,556,462
Recurring Basis [Member]
Investment securities available for sale	142,667,417	134,819,818
Recurring Basis [Member] | Level 1 [Member]
Investment securities available for sale	35,329,100	20,410,550
Recurring Basis [Member] | Level 2 [Member]
Investment securities available for sale	105,369,441	108,725,338
Recurring Basis [Member] | Level 3 [Member]
Investment securities available for sale	1,968,876	5,683,930
Recurring Basis [Member] | U.S. Treasury Notes [Member]
Investment securities available for sale	35,329,100	20,410,550
Recurring Basis [Member] | U.S. Treasury Notes [Member] | Level 1 [Member]
Investment securities available for sale	35,329,100	20,410,550
Recurring Basis [Member] | Government-Sponsored Enterprises [Member]
Investment securities available for sale	95,291,360	97,852,806
Recurring Basis [Member] | Government-Sponsored Enterprises [Member] | Level 2 [Member]
Investment securities available for sale	95,291,360	97,852,806
Recurring Basis [Member] | Municipal Securities [Member]
Investment securities available for sale	12,046,957	16,556,462
Recurring Basis [Member] | Municipal Securities [Member] | Level 2 [Member]
Investment securities available for sale	10,078,081	10,872,532
Recurring Basis [Member] | Municipal Securities [Member] | Level 3 [Member]
Investment securities available for sale	$ 1,968,876	$ 5,683,930