Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 6,117,380	$ 5,114,067
Interest-bearing demand deposits in other financial institutions	78,226,550	87,557,842
Cash and cash equivalents	84,343,930	92,671,909
Interest-bearing time deposits at other financial institutions	3,534,996	250,000
Available-for-sale securities	140,009,454	118,245,314
Stock in Federal Home Loan Bank, at cost	3,212,100	3,757,500
Mortgage loans held for sale	1,980,896	2,786,564
Loans receivable, net of allowance for loan losses of March 31, 2020 - $8,049,264 and December 31, 2019 - $7,607,587, respectively	721,062,691	720,732,402
Accrued interest receivable	3,533,856	3,511,875
Prepaid expenses and other assets	8,665,137	8,862,954
Goodwill	1,434,982	1,434,982
Core deposit intangible	2,384,660	2,503,910
Foreclosed assets held for sale	869,120	991,885
Premises and equipment, net	18,798,539	19,164,496
Operating lease right-of-use asset	8,909,359	9,052,941
Bank owned life insurance	24,849,192	24,698,438
Deferred and receivable income taxes	4,043,186	3,359,455
Assets, Total	1,027,632,098	1,012,024,625
LIABILITIES
Deposits	849,535,941	821,406,532
Federal Home Loan Bank advances	50,000,000	65,000,000
Subordinated debentures	15,465,000	15,465,000
Note payable to bank	11,200,000	11,200,000
Advances from borrowers for taxes and insurance	397,406	268,200
Accrued expenses and other liabilities	7,499,612	4,153,762
Operating lease liabilities	8,971,587	9,105,503
Accrued interest payable	799,338	793,746
Liabilities, Total	943,868,884	927,392,743
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Common stock, $0.10 par value; authorized 10,000,000 shares; issued March 31, 2020 and December 31, 2019 - 6,919,503 shares	691,950	691,950
Additional paid-in capital	51,272,429	51,908,867
Retained earnings, substantially restricted	74,310,860	72,860,750
Accumulated other comprehensive loss	(2,416,894)	(431,035)
Stockholders' Equity before Treasury Stock	123,858,345	125,030,532
Treasury stock, at cost; March 31, 2020 and December 31, 2019 - 2,554,608 and 2,582,041 shares, respectively	(40,095,131)	(40,398,650)
Stockholders' Equity Attributable to Parent, Ending Balance	83,763,214	84,631,882
Liabilities and Equity, Total	$ 1,027,632,098	$ 1,012,024,625