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Commitments, Contingent Liabilities, and Financial Instruments with Off-Balance Sheet Risk (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018   Dec. 31, 2017
         
Financial instruments whose contract amounts represent credit risk:                
  Commitments to extend credit   $ 39,418,110     $ 24,706,357  
  Standby letters of credit and financial guarantees   $ 4,342,849     $ 3,134,849  

Schedule of Future Cash Payments

The following table shows scheduled future cash payments under this obligation as of December 31, 2018.

 

    Payments Due by Period
   

 

 

Total

 

Less

than 1

Year

 

 

1-3

Years

 

 

4-5

Years

 

 

After 5

Years

Operating leases   $ 10,296     $ 5,148     $ 5,148     $ 0     $ 0