Premises and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2019

Property, Plant and Equipment [Abstract]

Premises and equipment, net

Premises and equipment, net, are summarized as follows:

	December 31,
	2019			2018
Land	$	7,708,424		$	6,693,927
Buildings and Improvements	25,336,734			23,319,946
Furniture and Equipment	12,748,562			11,878,563
Construction in Progress	1,751,176			1,391,986
Total Premises and Equipment	47,544,896			43,284,422
Less: Accumulated Depreciation	(20,325,013		)	(19,109,715		)
Total Premises and Equipment, Net	$	27,219,883		$	24,174,707

Future minimum payments under non-cancelable operating leases