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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 400,070 $ 479,582
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 72,630 59,806
Provision for loan losses 130,000 125,500
Provision for deferred income taxes 73,647 (3,220)
Net amortization of premiums and discounts on securities 37,107 62,550
Origination of mortgage loans held for sale (2,596,655) (4,481,167)
Proceeds from sale of mortgage loans held for sale 2,431,107 4,905,269
Gain on sale of loans, net (84,957) (133,211)
Origination of mortgage servicing rights, net of amortization 9,690 (12,854)
Gain on sale of foreclosed real estate, net (42,035)
Loss (gain) on sale of repossessed assets, net 2,708
MRP compensation expense 3,363
ESOP compensation expense 64,099 65,773
Amortization of core deposit intangible 14,500 14,500
Amortization (accretion) of fair value adjustments on acquired:    
Loans 4,538 9,487
Federal Home Loan Bank Advances 1,093 1,736
Increase in cash surrender value of life insurance (11,934) (11,770)
Change in assets and liabilities:    
Increase in accrued interest receivable (16,463) (18,479)
Decrease (increase) in other assets 167,016 (111,124)
Increase in accrued interest payable and other liabilities 256,109 117,687
Net cash provided by operating activities 954,960 1,030,738
Cash Flows from Investing Activities    
Purchases (665,765)
Sales, calls, maturities and paydowns 1,194,282 951,413
Sale of non-marketable equity securities 101,250
Net increase in loans (251,876) (13,393,000)
Net decrease (increase) in federal funds sold 1,254,000 (819,000)
Proceeds from sale of foreclosed real estate 126,135
Proceeds from sale of repossessed assets 114,444 18,211
Purchase of premises and equipment (147,502) (6,559)
Net cash used in (provided by) investing activities 2,163,348 (13,687,315)
Cash Flows from Financing Activities    
Net (decrease) increase in deposits (2,206,372) 14,967,865
Proceeds from Federal Home Loan Bank advances 3,250,000
Principal reduction of Federal Home Loan Bank advances (1,500,000) (5,500,000)
Proceeds from stock options exercised 8,925 65,135
Shares repurchased and cancelled (347,580) (707,058)
Dividends paid (201,110)
Net cash (used in) provided by financing activities (4,246,137) 12,075,942
Net decrease in cash and cash equivalents (1,127,829) (580,635)
Cash and cash equivalents:    
Beginning of period 8,430,458 3,755,817
End of period 7,302,629 3,175,182
Supplemental Disclosures of Cash Flow Information    
Income taxes paid, net of refunds received 300 300
Supplemental Schedule of Noncash Investing and Financing Activities    
Real estate acquired through or in lieu of foreclosure 196,000 24,000
Other assets acquired in settlement of loans 54,500 47,500
Interest Paid to Depositors [Member]    
Supplemental Disclosures of Cash Flow Information    
Interest paid 597,245 326,295
Interest Paid on Borrowings [Member]    
Supplemental Disclosures of Cash Flow Information    
Interest paid $ 73,348 $ 48,144