Condensed Financial Information (Parent Company Only) (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Balance Sheets

Condensed Balance Sheets

	December 31,
	2016		2015
Assets
Cash and due from banks	$	4,806,252	$	4,800,526
Investment in common stock of subsidiary		41,366,024		42,428,601
Loan receivable from subsidiary		177,347		216,506
Other assets		118,460		106,960
Total assets	$	46,468,083	$	47,552,593
Liabilities
Other liabilities	$	222,518	$	1,986,093
Stockholders' Equity		46,245,565		45,566,500
Total liabilities and stockholders' equity	$	46,468,083	$	47,552,593

Schedule of Condensed Statements of Income and Comprehensive Income

Condensed Statements of Income and Comprehensive Income

	Year Ending December 31,
	2016			2015
Income
Dividends from subsidiary	$	2,500,000		$	2,000,000
Other income		10,544			11,712
Total income		2,510,544			2,011,712
Expenses
Other expenses		360,950			361,694
Income Before Income Tax and Equity in Undistributed Income of Subsidiary		2,149,594			1,650,018
Income Tax Benefit		(136,020	)		(137,420	)
Income Before Equity in Undistributed Income of Subsidiary		2,285,614			1,787,438
Equity in Undistributed Income of Subsidiary		762,295			1,238,685
Net Income	$	3,047,909		$	3,026,123
Comprehensive Income	$	1,081,274		$	3,104,981

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ending December 31,
	2016			2015
Operating Activities
Net income	$	3,047,909		$	3,026,123
Items not providing cash, net		(762,295	)		(1,238,685	)
Stock-based compensation expense		90,163			90,163
Change in other assets and liabilities, net		(53,487	)		(17,617	)
Net cash provided by operating activities		2,322,290			1,859,984
Investing Activity
Loan payment from subsidiary		39,159			37,879
Net cash provided by investing activities		39,159			37,879
Financing Activities
Dividends paid		(2,440,380	)		(565,995	)
Stock repurchase		(127,118	)		(765,311	)
Exercise of stock options		211,775			386,790
Net cash used in financing activities		(2,355,723	)		(944,516	)
Net Change in Cash and Cash Equivalents		5,726			953,347
Cash and Cash Equivalents at Beginning of Year		4,800,526			3,847,179
Cash and Cash Equivalents at End of Year	$	4,806,252		$	4,800,526