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The amortized cost and estimated fair value of investment securities available for sale at December 31, 2021 and 2020, by contractual maturity are in the following table. (Details) - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]    
Due in one year or less, amortized cost $ 12,756,176 $ 32,245,646
Due in one year or less, estimated fair value 12,859,086 32,622,890
Due in one year to five years, amortized cost 116,602,790 40,022,194
Due in one year to five years, estimated fair value 115,896,465 41,258,370
Due in one year to five years, amortized cost 76,531,464 50,438,223
Due in five years to ten years, estimated fair value 74,575,862 50,968,288
Due in ten years and over, amortized cost 9,157,021 10,000,000
Due in ten years and over, estimated fair value 9,016,076 9,970,270
Total, amortized cost 215,047,451 132,706,063
Total, estimated fair value $ 212,347,489 $ 134,819,818