Disclosures about Fair Value of Assets (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of fair value measurements of assets recognized in balance sheets on recurring basis

			December 31, 2015
			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Government agencies	$	15,938,697	$	—	$	15,938,697	$	—
Mortgage-backed securities (Government-sponsored enterprises - residential)		23,178,395		—		23,178,395		—
Municipal bonds		48,356,240		—		48,356,240		—

			December 31, 2014
			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
U.S. Government agencies	$	9,958,273	$	—	$	9,958,273	$	—
Mortgage-backed securities (Government-sponsored enterprises - residential)		41,419,921		—		41,419,921		—
Municipal bonds		45,306,703		—		45,306,703		—

Schedule of fair value measurement of assets measured at fair value on nonrecurring basis

			December 31, 2015
			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	899,981	$	—	$	—	$	899,981

			December 31, 2014
			Fair Value Measurements Using
	Fair Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Impaired loans (collateral dependent)	$	1,147,400	$	—	$	—	$	1,147,400

Schedule of quantitative information about unobservable inputs used in nonrecurring level 3 fair value measurements

	Fair Value at December 31, 2015		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Collateral-dependent impaired loans	$	899,981	Market comparable properties	Marketability discount	20% – 30% (25%)

	Fair Value at December 31, 2014		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
Collateral-dependent impaired loans	$	1,147,400	Market comparable properties	Marketability discount	20% – 30% (25%)

Schedule of estimated fair values of other financial instruments

			December 31, 2015
			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets
Cash and cash equivalents	$	4,103,432	$	4,103,432	$	—	$	—
Interest-earning time deposits		2,724,000		2,724,000		—		—
Other investments		62,223		—		62,223		—
Loans held for sale		539,000		—		539,000		—
Loans, net of allowance for loan losses		193,039,879		—		—		193,006,301
Federal Home Loan Bank stock		1,113,800		—		1,113,800		—
Interest receivable		1,715,676		—		1,715,676		—
Financial liabilities
Deposits		239,281,930		—		160,227,406		80,300,060
Short-term borrowings		15,131,710		—		6,631,710		8,500,000
Advances from borrowers for taxes and insurance		990,917		—		990,917		—
Interest payable		118,335		—		118,335		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—

			December 31, 2014
			Fair Value Measurements Using
	Carrying Amount		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Financial assets
Cash and cash equivalents	$	9,611,638	$	9,611,638	$	—	$	—
Other investments		73,766		—		73,766		—
Loans held for sale		235,600		—		235,600		—
Loans, net of allowance for loan losses		184,718,612		—		—		184,573,401
Federal Home Loan Bank stock		1,113,800		—		1,113,800		—
Interest receivable		1,713,243		—		1,713,243		—
Financial liabilities
Deposits		245,941,562		—		151,341,999		96,956,400
Short-term borrowings		13,821,730		—		8,821,730		4,996,109
Advances from borrowers for taxes and insurance		962,762		—		962,762		—
Interest payable		166,052		—		166,052		—
Unrecognized financial instruments (net of contract amount)
Commitments to originate loans		—		—		—		—
Letters of credit		—		—		—		—
Lines of credit		—		—		—		—