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The differences between actual income tax expense and the amounts computed by applying the U.S. federal income tax rate of 21% to pretax income from continuing operations for the periods indicated are reconciled in the table below. (Details) - USD ($)
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax Disclosure [Abstract]                      
Computed “expected” tax expense                 $ 1,851,433 $ 1,769,525 $ 1,993,679
Increase (reduction) in income taxes resulting from:                      
Amortization of credit and gain                 1,685
Stock based compensation                 21,637 19,527 16,391
Valuation allowance                 7,658 8,083 7,123
Other                 7,477 7,259 6,233
State income tax, net of federal benefit                 248,887 238,729 268,000
Tax exempt interest income                 (65,589) (77,444) (117,837)
Total income tax expense $ 464,814 $ 525,710 $ 515,264 $ 565,715 $ 528,834 $ 519,930 $ 459,582 $ 457,333 $ 2,071,503 $ 1,965,679 $ 2,175,274