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Consolidated Statements of Stockholders’ Equity - USD ($)
Common Stock [Member]
Treasury Stock [Member]
Unearned ESOP [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Earnings (Loss) [Member]
Total
Balance at Dec. 31, 2017 $ 35,000   $ (3,281,220) $ 32,333,290 $ 32,787,406 $ 2,227,069 $ 64,101,545
Purchase of common stock   $ (2,999,995)         (2,999,995)
Net earnings         893,296   893,296
Other comprehensive earnings (loss), net of tax           (3,808,045) (3,808,045)
Restricted stock unit expense       50,662     50,662
ESOP shares released     234,365 121,471     355,836
Balance at Dec. 31, 2018 35,000 (2,999,995) (3,046,855) 32,505,423 33,680,702 (1,580,976) 58,593,299
Cumulative-effect adjustment from ASU 2016-01         (1,366,297) [1] 1,366,297 [1] 1,400,000
Purchase of common stock   (146,581)         (146,581)
Net earnings         4,294,345   4,294,345
Other comprehensive earnings (loss), net of tax           3,168,615 3,168,615
Restricted stock unit expense       108,115     108,115
ESOP shares released     234,370 89,671     324,041
Balance at Dec. 31, 2019 $ 35,000 $ (3,146,576) $ (2,812,485) $ 32,703,209 $ 36,608,750 $ 2,953,936 $ 66,341,834
[1] See discussion of Accounting Standards Update 2016-01 adoption in Note 1 - Summary of Significant Accounting Policies