Fair Value Measurements and Disclosures (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Schedule of Assets Recorded at Fair Value on a Recurring Basis

Assets Recorded at Fair Value on a Recurring Basis:

The table below presents the recorded amount of assets measured at fair value on a recurring basis as of December 31, 2018 and 2017.

December 31, 2018	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government treasury securities	$	954,570	$	0	$	0	$	954,570
U.S. government agency securities		0		45,207,005		0		45,207,005
State and municipal securities		0		7,377,935		0		7,377,935
Residential mortgage-backed securities		0		4,774,067		0		4,774,067
Total	$	954,570	$	57,359,007	$	0	$	58,313,577

December 31, 2017	Level 1		Level 2		Level 3		Total
Investment securities available for sale:
U.S. government treasury securities	$	967,770	$	0	$	0	$	967,770
U.S. government agency securities		0		43,860,090		0		43,860,090
State and municipal securities		0		7,573,689		0		7,573,689
Residential mortgage-backed securities		0		1,861,712		0		1,861,712
Total	$	967,770	$	53,295,491	$	0	$	54,263,261

Schedule of Fair Value of Assets Recorded on a Nonrecurring Basis

Assets Recorded at Fair Value on a Nonrecurring Basis:

The Corporation may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP.  These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period.  Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2018 and 2017.

December 31, 2018	Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	127,605	$	127,605
Impaired loans		0		0		3,838,151		3,838,151
Total assets at fair value	$	0	$	0	$	3,965,756	$	3,965,756
December 31, 2017		Level 1		Level 2		Level 3		Total
Foreclosed assets	$	0	$	0	$	758,878	$	758,878
Impaired loans		0		0		4,563,951		4,563,951
Total assets at fair value	$	0	$	0	$	5,322,829	$	5,322,829

Schedule of Carrying and Estimated Fair Value of Assets and Liabilities Recorded at Fair Value

The carrying amount and estimated fair values of the Corporation’s assets and liabilities which are required to be either disclosed or recorded at fair value at December 31, 2018 and 2017, are as follows:

			Estimated Fair Value
December 31, 2018	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	35,499	$	35,499	$	0	$	0	$	35,499
Certificates of deposit in other banks		2,732		2,732		0		0		2,732
Investment securities available for sale		58,314		955		57,359		0		58,314
Investment securities held to maturity		36,827		0		37,010		0		37,010
Federal Home Loan Bank stock		1,820		0		1,820		0		1,820
Loans, net		373,321		0		362,373		3,838		366,228
Bank owned life insurance		6,779		0		6,779		0		6,779
Liabilities:
Deposits		455,640		0		456,245		0		456,245
Federal Home Loan Bank advances		31,629		0		31,591		0		31,591

			Estimated Fair Value
December 31, 2017	Carrying Amount		Level 1		Level 2		Level 3		Total
	(Dollars in thousands)
Assets:
Cash and cash equivalents	$	34,138	$	34,138	$	0	$	0	$	34,138
Certificates of deposit in other banks		1,985		1,985		0		0		1,985
Investment securities available for sale		54,364		968		53,396		0		54,364
Investment securities held to maturity		44,591		0		45,148		0		45,148
Federal Home Loan Bank stock		2,438		0		2,438		0		2,438
Loans, net		327,130		0		320,684		4,564		325,248
Bank owned life insurance		6,553		0		6,553		0		6,553
Liabilities:
Deposits		397,006		0		397,331		0		397,331
Federal Home Loan Bank advances		47,029		0		46,658		0		46,658