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Consolidated Statements of Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest Income    
Loans and leases $ 37,777,490 $ 36,559,926
Investment securities 4,411,750 3,847,101
Other 152,336 1,150,873
Total interest income 42,341,576 41,557,900
Interest Expense    
Deposits 6,382,623 8,018,394
Borrowings 3,010,032 3,138,084
Total interest expense 9,392,655 11,156,478
Net Interest Income 32,948,921 30,401,422
Provision for losses on loans and leases 3,770,000 2,600,000
Net Interest Income After Provision for Losses on Loans and Leases 29,178,921 27,801,422
Non-interest Income    
Service charges on deposit accounts 730,847 1,078,285
Card fee income 842,902 748,510
Loan and lease servicing fees 381,552 144,238
Net gains on securities (includes $196,317 and $97,580, related to accumulated other comprehensive loss reclassifications) 196,317 97,580
Net gains on loan and lease sales 3,632,579 646,754
Other loan fees 696,287 545,378
Other income 844,828 599,089
Total non-interest income 7,325,312 3,859,834
Non-interest Expenses    
Salaries and employee benefits 14,394,287 14,550,526
Multi-employer pension plan expense 386,683 20,492,021
Net occupancy expenses 1,163,910 1,167,754
Equipment expenses 1,175,771 1,000,534
Data processing fees 1,850,832 1,745,853
Deposit insurance expense 248,155 270,983
Printing and office supplies 120,949 149,779
Legal and professional fees 1,131,600 1,007,590
Advertising expense 371,755 823,516
Bank service charges 129,950 135,650
Real estate owned expense 4,753 28,368
Loss on sale of real estate owned 0 43,871
Donation to establish First Bank Richmond, Inc. Charitable Foundation 0 6,250,000
Other expenses 3,030,484 3,371,710
Total non-interest expenses 24,009,129 51,038,155
Income Before Income Tax Expense (Benefit) 12,495,104 (19,376,899)
Provision (benefit) for income taxes (includes $41,227 and $25,309, related to income tax expense from reclassification of items) 2,477,453 (5,292,413)
Net Income (Loss) $ 10,017,651 $ (14,084,486)
Earnings Per Share [Abstract]    
Basic (in USD per share) $ 0.82 $ (1.27)
Diluted (in USD per share) $ 0.82 $ (1.27)