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Fair Value Disclosures (Details 3) - USD ($)
Mar. 31, 2016
Dec. 31, 2015
Mar. 31, 2015
Dec. 31, 2014
Assets:        
Cash and cash equivalents, Carrying Amount $ 68,932,872 $ 79,964,633 $ 41,244,423 $ 46,736,414
Securities available for sale, Carrying Amount 157,561,000 166,413,000    
Restricted investments, Carrying Amount 4,451,250 4,451,050    
Loans, net, Carrying Amount 736,412,390 723,360,786    
Cash and due from banks, Estimated Fair Value 68,933,000 79,965,000    
Securities available for sale, Estimated Fair Value 157,561,000 166,413,000    
Restricted investments, Estimated Fair Value 4,451,000 4,451,000    
Loans, net, Estimated Fair Value 745,547,000 721,338,000    
Liabilities:        
Noninterest-bearing demand deposits, Carrying Amount 132,481,514 131,418,580    
Interest-bearing demand deposits, Carrying Amount 161,453,751 149,423,954    
Savings deposits, Carrying Amount 241,500,000 236,901,000    
Time deposits, Carrying Amount 323,676,013 340,739,072    
Securities sold under agreements to repurchase, Carrying Amount 20,747,022 28,068,215    
Federal Home Loan Bank advances and other borrowings, Carrying Amount 30,125,169 34,187,462    
Noninterest-bearing demand deposits, Estimated Fair Value 132,482,000 131,419,000    
Interest-bearing demand deposits, Estimated Fair Value 161,454,000 149,424,000    
Savings deposits, Estimated Fair Value 241,500,000 236,901,000    
Time deposits, Estimated Fair Value 325,540,000 342,873,000    
Securities sold under agreements to repurchase, Estimated Fair Value 20,747,000 28,068,000    
Federal Home Loan Bank advances and other borrowings, Estimated Fair Value $ 30,139,000 $ 34,169,000