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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Unearned ESOP Shares [Member]
Total
Balance (in shares) at Dec. 31, 2017 3,490,672          
Balance at Dec. 31, 2017 $ 34,907 $ 26,849,822 $ 26,060,598 $ (274,266) $ (1,700,372) $ 50,970,689
Net income 1,073,514 1,073,514
Unrealized gain (loss) on available-for-sale securities, net (166,103) (166,103)
Stock option exercise (in shares) 15,464          
Stock option exercise $ 155 149,073 149,228
Restricted stock awards (in shares) 429          
Restricted stock awards $ 4 (4)
Restricted stock forfeitures (in shares) (6,500)          
Restricted stock forfeitures $ (65) 65
Amortization of equity awards 427,382 55,858 483,240
Tax rate effect reclassification (1) [1] (44,221) 44,221
Share repurchase (in shares) (125,500)          
Share repurchase $ (1,255) (1,925,465) (1,926,720)
Dividends paid (4,161,114) (4,161,114)
Balance (in shares) at Dec. 31, 2018 3,374,565          
Balance at Dec. 31, 2018 $ 33,746 25,500,873 22,928,777 (396,148) (1,644,514) 46,422,734
Net income 710,179 710,179
Unrealized gain (loss) on available-for-sale securities, net 703,403 $ 703,403
Stock option exercise (in shares) 7,300         8,460
Stock option exercise $ 73 69,962 $ 70,035
Restricted stock awards (in shares) 4,000          
Restricted stock awards $ 40 (40)
Restricted stock forfeitures (in shares) (1,800)          
Restricted stock forfeitures $ (18) 18
Amortization of equity awards 328,256 63,102 391,358
Share repurchase (in shares) (175,447)          
Share repurchase $ (1,755) (2,730,893) (2,732,648)
Dividends paid (481,822) (481,822)
Balance (in shares) at Dec. 31, 2019 3,208,618          
Balance at Dec. 31, 2019 $ 32,086 $ 23,168,176 $ 23,157,134 $ 307,255 $ (1,581,412) $ 45,083,239
[1] The stranded tax element of accumulated other comprehensive income created by the 2017 Tax Cuts and Jobs Act is reclassified to retained earnings.