Premises and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Premises and equipment, net

Premises and equipment, net, are summarized as follows:

	December 31,
	2020		2019
Land	$	7,708,424	$	7,708,424
Buildings and Improvements	25,601,331		25,336,734
Furniture and Equipment	13,821,901		12,748,562
Construction in Progress	1,007,552		1,751,176
Total Premises and Equipment	48,139,208		47,544,896
Less: Accumulated Depreciation	(21,563,951)		(20,325,013)
Total Premises and Equipment, Net	$	26,575,257	$	27,219,883