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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
AOCI Attributable to Parent [Member]
Total
Balance (in shares) at Dec. 31, 2017 1,667,813        
Balance at Dec. 31, 2017 $ 16,678 $ 26,869,796 $ 15,306,625 $ (394,167) $ 41,798,932
Net income 4,712,676 4,712,676
Unrealized gain (loss) on securities available for sale net of income tax expense (benefit) (184,548) (184,548)
Reclassification due to adoption of ASU | Accounting Standards Update 2016-01 [Member] (10,416) 10,416
Shares Issued (in shares) 50        
Shares Issued $ 1 1,549 1,550
Cash dividends (1,387,503) (1,387,503)
Dividends reinvested (in shares) 15,134        
Dividends reinvested $ 151 453,449 453,600
Balance (in shares) at Dec. 31, 2018 1,682,997        
Balance at Dec. 31, 2018 $ 16,830 27,324,794 18,621,382 (568,299) 45,394,707
Net income 4,560,804 4,560,804
Unrealized gain (loss) on securities available for sale net of income tax expense (benefit) 610,923 610,923
Reclassification due to adoption of ASU | Accounting Standards Update 2016-02 [Member] (91,447) (91,447)
Cash dividends (1,509,895) (1,509,895)
Dividends reinvested (in shares) 22,705        
Dividends reinvested $ 227 488,197 488,424
Stock Dividend (in shares) 1,268,317        
Stock Dividend $ 12,683        
Stock Dividend   (12,683)
Balance (in shares) at Dec. 31, 2019 2,974,019        
Balance at Dec. 31, 2019 $ 29,740 $ 27,812,991 $ 21,568,161 $ 42,624 $ 49,453,516