Fair Value Measurement (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Fair Value Measurement Bond Portfolio

		Fair Value Measurement
March 31, 2020	Fair Value	Level 3
Bond portfolio	$17,448,937	$17,448,937

		Fair Value Measurement
December 31, 2019	Fair Value	Level 3
Bond portfolio	$16,055,937	$16,055,937

Change In Fair Value Measurement

	Bond Portfolio
Balance at December 31, 2019	$16,055,937
Other than temporary impairment losses on bond portfolio	-
Purchases	1,452,000
Proceeds	(59,000)
Balance at March 31, 2020	$17,448,937

Fair Value Measurement Nonrecurring Basis

	March 31, 2020
	Level 1		Level 2		Level 3		Fair Value at March 31, 2020
Impaired Loans	$	—	$	—	$	3,897,775	$	3,897,775
Real estate held for resale		—		—		651,398		651,398
Totals	$	—	$	—	$	4,549,173	$	4,549,173

	December 31, 2019
	Level 1		Level 2		Level 3		Fair Value at December 31, 2019
Impaired Loans	$	—	$	—	$	4,557,326	$	4,557,326
Real estate held for resale		—		—		651,398		651,398
Totals	$	—	$	—	$	5,464,521	$	5,464,521

Fair Value Impaired Loans & Real Estate Held For Sale

	Fair Value	Valuation Technique	Significant Unobservable Inputs(s)	Range/Weighted
March 31, 2020
Impaired Loans	$3,897,775	Market or Income Approach	Discount to Appraised Values	10-20%
Real Estate Held for Sale	$651,398	Market or Income Approach	Discount to Appraised Values	10-20%
December 31, 2019
Impaired Loans	$4,557,326	Market or Income Approach	Discount to Appraised Values	10-20%
Real Estate Held for Sale	$651,398	Market or Income Approach	Discount to Appraised Values	10-20%