Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 4,512,795	$ 2,416,568
Interest bearing deposits	1,683,645	6,013,890
Total cash and cash equivalents	6,196,440	8,430,458
Time deposits	250,000	250,000
Federal funds sold	8,118,000	5,663,000
Securities available for sale	24,926,481	25,533,767
Loans, net of allowance for loan losses of $2,647,805 and $2,627,738 at June 30, 2019 and December 31, 2018, respectively	245,111,776	235,926,419
Loans held for sale	121,125
Premises and equipment, net	6,637,592	6,621,080
Accrued interest receivable	846,113	824,542
Foreclosed real estate	196,000
Deferred tax assets	1,842,234	1,898,141
Cash surrender value of life insurance	2,365,299	2,341,453
Goodwill	649,869	649,869
Core deposit intangible	199,000	228,000
Other assets	4,096,004	4,469,350
Total assets	301,555,933	292,836,079
Liabilities
Non-interest bearing	18,034,007	14,057,719
Interest bearing	210,959,119	209,390,810
Total deposits	228,993,126	223,448,529
Accrued interest payable	12,199	5,648
FHLB advances	17,577,635	12,087,152
Other liabilities	4,413,353	4,470,384
Total liabilities	250,996,313	240,011,713
Stockholders' Equity
Common stock, $0.01 par value, 12,000,000 shares authorized; 3,223,318 and 3,358,922 shares issued at June 30, 2019 and December 31, 2018, respectively	32,233	33,589
Additional paid-in-capital	33,614,487	35,579,606
Retained earnings	18,125,450	18,859,232
Unallocated Employee Stock Ownership Plan (ESOP) shares	(1,487,608)	(1,576,616)
Unearned management recognition plan (MRP) shares	(34,980)	(40,361)
Accumulated other comprehensive income (loss)	310,038	(31,084)
Total stockholders' equity	50,559,620	52,824,366
Total liabilities and stockholders' equity	$ 301,555,933	$ 292,836,079