Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 2,426,924	$ 3,916,559
Interest bearing deposits	1,328,893	2,030,090
Total cash and cash equivalents	3,755,817	5,946,649
Time deposits	250,000	250,000
Federal funds sold	939,000	1,690,000
Securities available for sale	26,045,675	44,560,680
Non-marketable equity securities	918,387	753,321
Loans, net of allowance for loan losses of $2,472,446 and $2,247,449 at December 31, 2017 and 2016, respectively	207,035,091	160,586,129
Loans held for sale	499,375	305,072
Premises and equipment, net	6,670,088	6,843,906
Accrued interest receivable	794,449	785,484
Foreclosed real estate	84,100	33,000
Deferred tax assets	1,870,490	2,593,786
Cash surrender value of life insurance	2,293,800	2,245,578
Goodwill	649,869	649,869
Core deposit intangible	286,000	359,000
Other assets	3,307,734	2,558,910
Total assets	255,399,875	230,161,384
Liabilities
Non-interest bearing	11,562,801	9,974,536
Interest bearing	171,211,823	162,572,485
Total deposits	182,774,624	172,547,021
Accrued interest payable	661	224
FHLB advances	15,105,287	1,121,153
Other liabilities	4,416,368	3,748,953
Total liabilities	202,296,940	177,417,351
Commitments and contingencies (Note 14)
Redeemable common stock held by ESOP plan	1,202,014	807,629
Stockholders' equity
Common stock, $0.01 par value, 100,000,000 shares authorized; 3,451,802 and 3,467,402 shares issued at December 31, 2017 and 2016, respectively	34,518	34,674
Additional paid-in-capital	36,949,508	37,117,311
Retained earnings	17,720,962	17,455,472
Unallocated ESOP shares	(1,754,632)	(1,932,648)
Accumulated other comprehensive income	152,579	69,224
	53,102,935	52,744,033
Less:
Maximum cash obligation related to ESOP shares	(1,202,014)	(807,629)
Total stockholders' equity	51,900,921	51,936,404
Total liabilities and stockholders' equity	$ 255,399,875	$ 230,161,384