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Commitments, Contingent Liabilities, and Financial Instruments with Off-Balance Sheet Risk (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Contractual or Notional Amounts of Financial Instruments

The contractual or notional amounts of financial instruments having credit risk in excess of that reported in the Consolidated Balance Sheets are as follows:

 

    Dec. 31, 2017   Dec. 31, 2016
         
Financial instruments whose contract amounts represent credit risk:                
  Commitments to extend credit   $ 24,706,357     $ 34,031,164  
  Standby letters of credit and financial guarantees   $ 3,134,849     $ 2,660,000  

Schedule of Future Cash Payments

The following table shows scheduled future cash payments under those obligations as of December 31, 2017.

 

    Payments Due by Period
   

 

 

Total

 

Less

than 1

Year

 

 

1-3

Years

 

 

4-5

Years

 

 

After 5

Years

Operating leases   $ 23,244     $ 12,948     $ 10,296     $ 0     $ 0