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Fair Value Disclosures - Carrying Amount and Estimated Fair Value of Financial Instruments (Details) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
Mar. 31, 2016
Dec. 31, 2015
Assets:        
Cash and cash equivalents, Carrying Amount $ 55,547,721 $ 68,748,308 $ 68,932,872 $ 79,964,633
Securities available for sale, Carrying Amount 137,133,000 129,422,000    
Restricted investments, Carrying Amount 5,627,950 5,627,950    
Loans, net, Carrying Amount 802,387,400 808,271,003    
Cash and cash equivalents, Estimated Fair Value 55,548,000 68,748,000    
Securities available for sale, Estimated Fair Value 137,133,000 129,422,000    
Loans, net, Estimated Fair Value 795,077,000 803,057,000    
Liabilities:        
Noninterest-bearing demand deposits, Carrying Amount 160,672,567 153,482,650    
Interest-bearing demand deposits, Carrying Amount 167,433,130 162,702,457    
Money Market and Savings deposits, Carrying Amount 274,993,000 274,605,000    
Time deposits, Carrying Amount 286,600,177 316,275,340    
Securities sold under agreements to repurchase, Carrying Amount 23,153,397 26,621,984    
Federal Home Loan Bank advances and other borrowings, Carrying Amount 60,000 18,505,390    
Noninterest-bearing demand deposits, Estimated Fair Value 160,673,000 153,483,000    
Interest-bearing demand deposits, Estimated Fair Value 167,433,000 162,702,000    
Money Market and Savings deposits, Estimated Fair Value 274,993,000 274,605,000    
Time deposits, Estimated Fair Value 286,414,000 316,734,000    
Securities sold under agreements to repurchase, Estimated Fair Value 23,153,000 26,622,000    
Federal Home Loan Bank advances and other borrowings, Estimated Fair Value $ 60,000 $ 18,505,000