DISCLOSURE REGARDING FAIR VALUE OF FINANCIAL INSTRUMENTS (Details 4) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Financial Assets:
Investment securities available for sale	$ 142,667,417	$ 134,819,818
Level 1 [Member]
Financial Assets:
Cash and due from banks	6,211,365	5,977,896
Interest-bearing deposits at the Federal Reserve	53,223,741	42,348,085
Investment securities available for sale	35,329,100	20,410,550
Level 2 [Member]
Financial Assets:
Investment securities available for sale	105,369,441	108,725,338
Mortgage loans to be sold	13,230,017	12,965,733
Accrued interest receivable	1,375,181	1,595,629
Financial Liabilities:
Demand deposits	464,430,793	441,498,500
Time deposits	19,953,662	20,294,852
Accrued interest payable	19,088	20,707
Level 3 [Member]
Financial Assets:
Investment securities available for sale	1,968,876	5,683,930
Loans, net	309,683,584	308,721,680
Carrying Amount [Member]
Financial Assets:
Cash and due from banks	6,211,365	5,977,896
Interest-bearing deposits at the Federal Reserve	53,223,741	42,348,085
Investment securities available for sale	142,667,417	134,819,818
Mortgage loans to be sold	13,230,017	12,965,733
Loans, net	317,987,064	316,616,979
Accrued interest receivable	1,375,181	1,595,629
Financial Liabilities:
Demand deposits	464,430,793	441,498,500
Time deposits	20,215,219	20,699,131
Accrued interest payable	19,088	20,707
Estimated Fair Value [Member]
Financial Assets:
Cash and due from banks	6,211,365	5,977,896
Interest-bearing deposits at the Federal Reserve	53,223,741	42,348,085
Investment securities available for sale	142,667,417	134,819,818
Mortgage loans to be sold	13,230,017	12,965,733
Loans, net	309,683,584	308,721,680
Accrued interest receivable	1,375,181	1,595,629
Financial Liabilities:
Demand deposits	464,430,793	441,498,500
Time deposits	19,953,662	20,294,852
Accrued interest payable	$ 19,088	$ 20,707