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The following tables set forth the changes in the allowance for loan losses and an allocation of the allowance for loan losses by loan category for the three and six months ended June 30, 2021 and 2020. (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Allowance for Loan Losses:        
Beginning balance $ 4,296,165 $ 4,014,213 $ 4,185,694 $ 4,003,758
Charge-offs (5,074) (76,410) (19,416) (116,002)
Recoveries 15,212 172,827 20,025 222,874
Provisions 120,000
Ending balance 4,306,303 4,110,630 4,306,303 4,110,630
Commercial Loan [Member]        
Allowance for Loan Losses:        
Beginning balance 902,882 1,416,267 1,029,310 1,429,917
Charge-offs
Recoveries 10,584 71,511 10,584 87,011
Provisions (111,918) (469,228) (238,346) (498,378)
Ending balance 801,548 1,018,550 801,548 1,018,550
Commercial Real Estate Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 144,545 123,069 199,266 109,235
Charge-offs
Recoveries
Provisions 9,731 27,738 (44,990) 41,572
Ending balance 154,276 150,807 154,276 150,807
Commercial Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 2,077,769 1,212,647 1,909,121 1,270,445
Charge-offs
Recoveries 99,801 99,801
Provisions 128,446 164,571 297,094 106,773
Ending balance 2,206,215 1,477,019 2,206,215 1,477,019
Residential Mortgage [Member]        
Allowance for Loan Losses:        
Beginning balance 1,052,160 562,000 925,077 496,221
Charge-offs
Recoveries
Provisions (26,654) 321,300 100,429 387,079
Ending balance 1,025,506 883,300 1,025,506 883,300
Consumer Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 118,809 700,230 122,920 697,940
Charge-offs (3,288) (76,410) (11,440) (116,002)
Recoveries 4,628 1,515 9,441 36,062
Provisions (1,391) (44,381) (2,163) (37,046)
Ending balance 118,758 580,954 118,758 580,954
Paycheck Protection Program [Member]        
Allowance for Loan Losses:        
Beginning balance
Charge-offs (1,786) (7,976)
Recoveries
Provisions 1,786 7,976
Ending balance