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Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]    
Nonaccrual loan interest $ 474 $ 8,843
Deferred gain on covered transaction 9,300 14,304
Alternative minimum tax 0 332,776
Foreclosed assets expenses 10,163 51,693
Intangible asset amortization 125,883 125,883
Bad debt expense in excess of tax 720,063 639,161
Realized loss on other-than-temporarily impaired equity securities 214,353 214,353
Deferred directors compensation 133,057 104,561
Capital loss carryforward 32,878 32,878
Pension plan 443,698 435,172
Unrealized losses on securities available for sale 137,761 0
Total deferred tax assets 1,827,630 1,959,624
Accretion on bonds and gain on discounted bonds 68,307 55,690
Book and tax depreciation difference 575,899 218,634
Unrealized gains on securities available for sale 0 1,982
Total deferred tax liabilities 506,445 276,306
Net deferred tax assets $ 1,183,424 $ 1,683,318