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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Assets at Fair Value

The following table shows the fair value and notional amounts of derivative instruments.

 

      December 31, 2021   December 31, 2020 
   Balance Sheet Location  Notional Amount   Asset Fair Value   Liability Fair Value   Notional Amount   Asset Fair Value  

Liability Fair

Value

 
Derivatives not designated as hedging instruments:                                 
Loan commitments  Other assets and Other liabilities  $862,568,967   $8,563,410   $1,547,895   $659,245,038   $12,592,672   $2,464,062 
Call options  Other liabilities   982,500        50,936    1,873,200        43,097 
Put options  Other liabilities   362,900        4,493             
Total     $863,914,367   $8,563,410   $1,603,324   $661,118,238   $12,592,672   $2,507,159 
Schedule of Gains and Losses on Derivatives

 

      Years ended December 31 
Derivative  Classification  2021   2020 
Loan commitments  Mortgage fee income  $(3,113,095)  $7,637,377 
              
Call and put options  Gains on investments and other assets  $160,410   $272,758