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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash Flows from Operating Activities    
Net income $ 814,024 $ 1,261,098
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 246,658 238,493
Provision for loan losses 575,000 442,500
Provision for deferred income taxes 681,827 368,437
Net amortization of premiums and discounts on securities 470,371 652,687
Loss (gain) on sale of securities, net 29,113 (5,157)
Origination of mortgage loans held for sale (21,980,249) (18,591,944)
Proceeds from sale of mortgage loans held for sale 22,482,700 18,796,312
Gain on sale of loans, net (696,754) (509,440)
Origination and purchase of mortgage servicing rights, net of amortization (71,978) (65,617)
Gain on sale of foreclosed real estate, net (44,773) (188,207)
Write down of foreclosed real estate 28,551
Gain on sale of repossessed assets, net (14,686) (5,765)
ESOP compensation expense 256,849 195,949
MRP compensation expense 3,751
Compensation expense on RRP options granted 5,024
Amortization of core deposit intangible 73,000 92,000
Amortization (accretion) of fair value adjustments on acquired:    
Loans 193,787 115,153
Certificates of deposit (14,000) (65,000)
Federal Home Loan Bank Advances 6,945 4,513
Increase in cash surrender value of life insurance (48,222) (50,154)
Change in assets and liabilities:    
Increase in accrued interest receivable (8,965) (9,843)
Increase in other assets (679,346) (503,535)
Increase in accrued interest payable and other liabilities 667,852 148,128
Net cash provided by operating activities 2,939,153 2,362,650
Cash Flows from Investing Activities    
Purchases (1,308,450) (7,198,060)
Sales, calls, maturities and paydowns 19,423,687 8,369,187
(Purchase) sale of non-marketable equity securities (165,066) 604,800
Net increase in loans (47,572,782) (21,199,271)
Net decrease (increase) in federal funds sold 751,000 (86,000)
Proceeds from sale of foreclosed real estate 292,106 490,062
Proceeds from sale of repossessed assets 73,786 78,643
Purchase of premises and equipment (72,840) (24,352)
Net cash used in investing activities (28,578,559) (18,964,991)
Cash Flows from Financing Activities    
Net increase (decrease) in deposits 10,241,603 (4,122,887)
Proceeds from Federal Home Loan Bank advances 16,000,000 10,000,000
Principal reduction of Federal Home Loan Bank advances (2,022,811) (11,022,477)
Proceeds from stock offering including shares purchased by ESOP, net of expenses 22,337,869
Proceeds from stock options exercised 7,140 127,926
Loan to ESOP to purchase Company stock in stock offering (1,907,160)
Shares repurchased and cancelled (253,932)
Dividends paid (523,426)
Net cash provided by financing activities 23,448,574 15,413,271
Net decrease in cash and cash equivalents (2,190,832) (1,189,070)
Cash and cash equivalents:    
Beginning of period 5,946,649 7,135,719
End of period 3,755,817 5,946,649
Supplemental Disclosures of Cash Flow Information    
Income taxes paid, net of refunds received 836,395
Supplemental Schedule of Noncash Investing and Financing Activities    
Real estate acquired through or in lieu of foreclosure 302,356 235,190
Other assets acquired in settlement of loans 56,600 58,500
Sale of foreclosed real estate through loan origination 3,923 128,000
Increase in ESOP put option liability 394,385 431,086
Interest Paid to Depositors [Member]    
Supplemental Disclosures of Cash Flow Information    
Interest paid 962,805 820,486
Interest Paid on Borrowings [Member]    
Supplemental Disclosures of Cash Flow Information    
Interest paid $ 81,625 $ 36,127