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The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of our financial instruments as of March 31, 2022 and December 31, 2021, respectively. (Details) - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Financial Assets:    
Investment securities available for sale $ 257,906,304 $ 212,347,489
Fair Value, Inputs, Level 1 [Member]    
Financial Assets:    
Cash and due from banks 7,946,158 11,140,559
Interest-bearing deposits at the Federal Reserve 61,420,171 128,971,429
Investment securities available for sale 163,586,315 100,062,300
Mortgage loans to be sold
Loans, net
Accrued interest receivable
Financial Liabilities:    
Demand deposits
Time deposits
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]    
Financial Assets:    
Cash and due from banks
Interest-bearing deposits at the Federal Reserve
Investment securities available for sale 73,693,335 87,801,142
Mortgage loans to be sold 2,626,999 2,774,388
Loans, net
Accrued interest receivable 1,473,108 1,404,227
Financial Liabilities:    
Demand deposits 582,678,608 587,903,356
Time deposits 21,243,268 21,428,310
Accrued interest payable 14,371 14,914
Fair Value, Inputs, Level 3 [Member]    
Financial Assets:    
Cash and due from banks
Interest-bearing deposits at the Federal Reserve
Investment securities available for sale 20,626,654 24,484,047
Mortgage loans to be sold
Loans, net 301,121,392 293,731,997
Accrued interest receivable  
Financial Liabilities:    
Demand deposits
Time deposits
Accrued interest payable  
Reported Value Measurement [Member]    
Financial Assets:    
Cash and due from banks 7,946,158 11,140,559
Interest-bearing deposits at the Federal Reserve 61,420,171 128,971,429
Investment securities available for sale 257,906,304 212,347,489
Mortgage loans to be sold 2,626,999 2,774,388
Loans, net 310,601,473 302,255,242
Accrued interest receivable 1,473,108 1,404,227
Financial Liabilities:    
Demand deposits 582,678,608 587,903,356
Time deposits 21,092,872 21,288,220
Accrued interest payable 14,371 14,914
Estimate of Fair Value Measurement [Member]    
Financial Assets:    
Cash and due from banks 7,946,158 11,140,559
Interest-bearing deposits at the Federal Reserve 61,420,171 128,971,429
Investment securities available for sale 257,906,304 212,347,489
Mortgage loans to be sold 2,626,999 2,774,388
Loans, net 301,121,392 293,731,997
Accrued interest receivable 1,473,108 1,404,227
Financial Liabilities:    
Demand deposits 582,678,608 587,903,356
Time deposits 21,243,268 21,428,310
Accrued interest payable $ 14,371 $ 14,914