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Junior Subordinated Debenture (Details Narrative)
6 Months Ended
Jun. 30, 2017
USD ($)
Debt Disclosure [Abstract]  
Junior subordinated debenture principal amount $ 5,155,000
Debenture term 30 years
Debt instrument interest rate stated 6.40%
Debt interest rate terms The interest rate was fixed at 6.4% for the first five years, and thereafter, the coupon rate floats quarterly at the three-month LIBOR rate plus 2.45% (3.60% at June 30, 2017)
Variable rate basis description three-month LIBOR rate plus 2.45%
Basis spread on variable rate 2.45%
Effective interest rate 3.60%
Deferred interest payments on debenture $ 1,255,587