XML 82 R58.htm IDEA: XBRL DOCUMENT v3.20.1
Income Taxes (Schedule of Effective Income Tax Rate Reconciliation) (Details) - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Income Taxes [Abstract]    
Provision for income taxes at the statutory federal tax rates $ 1,067,128 $ 209,870
Increase (reduction) in taxes resulting from:    
Dividends received deduction (22,542) (35,802)
Tax-exempt interest income (75,766) (128,292)
Proration of tax-exempt interest and dividends received deduction 24,034 40,522
Officer life insurance, net (14,004) 4,429
Nondeductible expenses 57,980 44,505
Prior year true-ups and other (249,615) (29,145)
Total income tax expense $ 787,215 $ 106,087
Proration percentage 15.00% 15.00%