Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Nonaccrual loan interest	$ 319	$ 474
Deferred gain on covered transaction	10,415	9,300
Foreclosed assets expenses	5,403	10,163
Intangible asset amortization	125,883	125,883
Bad debt expense in excess of tax	756,913	720,063
Realized loss on other-than-temporarily impaired equity securities	214,353	214,353
Deferred directors compensation	122,235	133,057
Capital loss carryforward	32,878	32,878
Pension plan	154,879	443,698
Unrealized losses on securities available for sale	0	137,761
Total deferred tax assets	1,423,278	1,827,630
Accretion on bonds and gain on discounted bonds	78,853	68,307
Book and tax depreciation difference	532,235	575,899
Unrealized gains on securities available for sale	302,004	0
Total deferred tax liabilities	913,092	644,206
Net deferred tax assets	$ 510,186	$ 1,183,424