Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 3,916,559	$ 2,096,966
Interest bearing deposits	2,030,090	5,038,753
Total cash and cash equivalents	5,946,649	7,135,719
Time deposits	250,000	250,000
Federal funds sold	1,690,000	1,604,000
Securities available for sale	44,560,680	46,984,907
Non-marketable equity securities	753,321	1,358,121
Loans, net of allowance for loan losses of $2,247,449 and $2,224,006 at December 31, 2016 and 2015, respectively	160,586,129	140,110,201
Loans held for sale	305,072
Premises and equipment, net	6,843,906	7,058,047
Accrued interest receivable	785,484	775,641
Foreclosed real estate	33,000	313,368
Deferred tax assets	2,593,786	2,725,354
Cash value of life insurance	2,245,578	2,195,424
Goodwill	649,869	649,869
Core deposit intangible	359,000	451,000
Other assets	2,558,910	1,951,700
Total assets	230,161,384	213,563,351
Deposits:
Non-interest bearing	9,974,536	10,325,832
Interest bearing	162,572,485	166,409,076
Total deposits	172,547,021	176,734,908
Accrued interest payable	224	394
FHLB advances	1,121,153	2,139,117
Other liabilities	3,748,953	3,600,655
Total liabilities	177,417,351	182,475,074
Commitments and contingencies (Note 14)
Redeemable common stock held by ESOP plan	807,629	376,543
Stockholders' Equity
Common stock, $.01 par value, 100,000,000 and 12,000,000 shares authorized; 3,467,402 and 3,001,055 shares issued; at December 31, 2016 and 2015, respectively	34,674	30,010
Additional paid-in-capital	37,117,311	15,845,341
Retained earnings	17,455,472	16,194,374
Unallocated ESOP shares	(1,932,648)	(203,504)
Unearned management recognition plan shares		(3,751)
Accumulated other comprehensive income	69,224	437,925
	52,744,033	32,300,395
Treasury stock, at cost; 0 and 106,932 shares at December 31, 2016 and 2015, respectively		(1,212,118)
Maximum cash obligation related to ESOP shares	(807,629)	(376,543)
Total stockholders' equity	51,936,404	30,711,734
Total liabilities and stockholders' equity	$ 230,161,384	$ 213,563,351