Securities (Tables)

6 Months Ended

Jun. 30, 2019

Investments, Debt and Equity Securities [Abstract]

Schedule of Held to Maturity and Available for Sale Securities

	June 30, 2019
	Amortized		Gross Unrealized				Fair
	Cost		Gains		Losses		Value
Securities held to maturity:
State, county, and municipal obligations	$	547,176	$	11,350	$	-	$	558,526
Mortgage-backed securities		79,119		1,719		-		80,838
	$	626,295	$	13,069	$	-	$	639,364
Securities available for sale:
U.S. government and agency obligations	$	6,806,239	$	6,145	$	34,223	$	6,778,161
Mortgage-backed securities		27,833,786		148,474		177,979		27,804,281
	$	34,640,025	$	154,619	$	212,202	$	34,582,442

	December 31, 2018
	Amortized		Gross Unrealized				Fair
	Cost		Gains		Losses		Value
Securities held to maturity:
State, county, and municipal obligations	$	547,788	$	-	$	6,675	$	541,113
Mortgage-backed securities		80,738		1,517		-		82,255
	$	628,526	$	1,517	$	6,675	$	623,368
Securities available for sale:
U.S. government and agency obligations	$	5,184,174	$	-	$	120,911	$	5,063,263
Mortgage-backed securities		24,982,052		5,387		623,957		24,363,482
	$	30,166,226	$	5,387	$	744,868	$	29,426,745

Schedule of Amortized Cost and Fair Value of Securities by Remaining Period to Contractual Maturity

	June 30, 2019
	Held to Maturity				Available for Sale
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	-	$	-	$	2,799,140	$	2,796,053
After one to five years		200,483		200,742		3,023,542		3,020,270
After five to ten years		-		-		1,717,257		1,707,838
After ten years		425,812		438,622		27,100,086		27,058,281
	$	626,295	$	639,364	$	34,640,025	$	34,582,442

	December 31, 2018
	Held to Maturity				Available for Sale
	Amortized		Fair		Amortized		Fair
	Cost		Value		Cost		Value
Within one year	$	201,208	$	200,316	$	999,797	$	988,380
After one to five years		-		-		3,268,006		3,220,881
After five to ten years		-		-		1,933,095		1,877,699
After ten years		427,318		423,052		23,965,328		23,339,785
	$	628,526	$	623,368	$	30,166,226	$	29,426,745

Schedule of Fair Values and Unrealized Losses of Securities in Unrealized Loss Position

	June 30, 2019
	Under One Year				One Year or More
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
Securities held to maturity:
State, county, and municipal obligations	$	-	$	-	$	-	$	-
Securities available for sale:
U.S. government and agency obligations		-		-		4,472,776		34,223
Mortgage-backed securities		3,657,626		9,614		15,226,136		168,365
		3,657,626		9,614		19,698,912		202,588
	$	3,657,626	$	9,614	$	19,698,912	$	202,588

	December 31, 2018
	Under One Year				One Year or More
			Gross				Gross
	Fair		Unrealized		Fair		Unrealized
	Value		Loss		Value		Loss
Securities held to maturity:
State, county, and municipal obligations	$	340,797	$	5,783	$	200,316	$	892
Securities available for sale:
U.S. government and agency obligations		-		-		5,063,263		120,911
Mortgage-backed securities		2,322,591		13,840		19,182,761		610,117
		2,322,591		13,840		24,246,024		731,028
	$	2,663,388	$	19,623	$	24,446,340	$	731,920