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The tables below represent the quarterly results of operations for the years ended December 31, 2021 and 2020, respectively: (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
Quarterly Financial Information Disclosure [Abstract]                      
Total interest and fee income $ 4,345,017 $ 4,201,069 $ 4,363,910 $ 4,641,115 $ 4,442,774 $ 4,292,345 $ 4,203,211 $ 4,301,426 $ 17,551,111 $ 17,239,756 $ 18,912,252
Total interest expense 37,840 39,319 42,317 54,524 63,139 72,198 76,005 94,072 174,000 305,414 815,171
Net interest income 4,307,177 4,161,750 4,321,593 4,586,591 4,379,635 4,220,147 4,127,206 4,207,354 17,377,111 16,934,342 18,097,081
Provision for loan losses 120,000 200,000 40,000 120,000 240,000 180,000
Net interest income after provision for loan losses 4,307,177 4,161,750 4,321,593 4,466,591 4,179,635 4,180,147 4,127,206 4,207,354 17,257,111 16,694,342 17,917,081
Total other income 842,935 1,138,431 946,951 939,914 1,095,596 978,052 703,622 627,631 3,868,231 3,404,901 2,198,609
Total other expense 3,146,129 3,047,534 3,084,596 3,030,715 3,011,191 2,934,998 2,870,223 2,856,521 12,308,974 11,672,933 10,621,983
Income before income tax expense 2,003,983 2,252,647 2,183,948 2,375,790 2,264,040 2,223,201 1,960,605 1,978,464 8,816,368 8,426,310 9,493,707
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
Net income $ 1,539,169 $ 1,726,937 $ 1,668,684 $ 1,810,075 $ 1,735,206 $ 1,703,271 $ 1,501,023 $ 1,521,131 $ 6,744,865 $ 6,460,631 $ 7,318,433
Basic income per common share $ 0.28 $ 0.31 $ 0.30 $ 0.33 $ 0.31 $ 0.31 $ 0.27 $ 0.28 $ 1.22 $ 1.17 $ 1.33
Diluted income per common share $ 0.27 $ 0.30 $ 0.29 $ 0.32 $ 0.31 $ 0.30 $ 0.26 $ 0.27 $ 1.19 $ 1.14 $ 1.31