XML 110 R82.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes (Deferred tax assets and deferred tax liabilities) (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Deferred Tax Assets:    
Deferred Compensation $ 434,881 $ 620,256
Provision for Loan Losses 1,769,574 2,873,574
Other Real Estate Owned 23,676 106,107
Net Fees Deferred for Financial Reporting 69,000 97,273
Net Operating Losses 312,412 243,279
Other 253,731 292,402
Total Gross Deferred Tax Assets 2,863,274 4,232,891
Less: Valuation Allowance (312,412) (243,279)
Net Deferred Tax Assets 2,550,862 3,989,612
Deferred Tax Liabilities:    
FHLB Stock Basis Over Tax Basis 71,621 114,577
Depreciation 345,462 386,940
Prepaid Expenses 26,605 44,103
Unrealized Gain on Securities Available for Sale 1,182,967 714,584
Total Gross Deferred Tax Liability 1,626,655 1,260,204
Net Deferred Tax Asset 924,207 $ 2,729,408
Valuation Allowance, Deferred Tax Asset, Change in Amount 69,000  
Bad Debt Reserve for Tax Purposes of Qualified Lender $ 2,100,000