The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2021 and 2020 are presented below. (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Allowance for loan losses	$ 905,365	$ 849,159
State credit carryforward		5,762
Deferred loan fees	102,581	141,993
Passthrough income	26,525	26,525
State net operating loss carryforward	97,655	89,997
Nonaccrual interest	29,246	30,528
Other	9,432	9,432
Total gross deferred tax assets	1,170,804	1,153,396
Valuation allowance	(97,655)	(89,997)
Total gross deferred tax assets, net of valuation allowance	1,073,149	1,063,399
Deferred tax liabilities:
Fixed assets, principally due to differences in depreciation	(338,716)	(382,668)
Unrealized (gain) loss on securities available for sale	(1,360,199)	(443,889)
State credit carryforward	(5,672)
Prepaid expenses	(29,869)	(21,633)
Other	(58,619)	(57,918)
Total deferred tax liabilities	(1,793,075)	(906,108)
Net deferred tax (liability)	$ (719,926)
Net deferred tax asset		$ 157,291