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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of components of income tax expense |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (322,723 | ) |  | $ | 408,056 |  |  | $ | 400,931 |
State |  |  | (60,104 | ) |  |  | 187,266 |  |  |  | 197,671 |
Total current |  |  | (382,827 | ) |  |  | 595,322 |  |  |  | 598,602 |
Deferred income (benefits) taxes: |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 352,543 |  |  |  | (253,848 | ) |  |  | (9,542 | )
State |  |  | 275,205 |  |  |  | (32,822 | ) |  |  | 44,795 |
Total deferred (benefits) taxes |  |  | 627,748 |  |  |  | (286,670 | ) |  |  | 35,252 |
Income tax expense |  | $ | 244,921 |  |  | $ | 308,652 |  |  | $ | 633,855 |
Schedule of reconciliation of income tax expense |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Income before income tax expense (benefit) |  | $ | 1,597,537 |  |  | $ | 2,223,178 |  |  | $ | 3,248,032 |
Taxes computed at Federal income tax rate |  | $ | 543,163 |  |  | $ | 755,881 |  |  | $ | 1,104,331 |
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |  |  |  |
Tax-exempt income |  |  | (441,890 | ) |  |  | (531,764 | ) |  |  | (630,710 | )
State income taxes, net of Federal income tax benefit |  |  | 141,966 |  |  |  | 101,933 |  |  |  | 160,027 |
Other |  |  | 1,682 |  |  |  | (17,398 | ) |  |  | 207 |
Income tax expense |  | $ | 244,921 |  |  | $ | 308,652 |  |  | $ | 633,855 |
Schedule of components of the net deferred income tax benefits |
|  | 2015 |  |  | 2014 |  |  | 2013 |
Deferred income tax benefits: |  |  |  |  |  |  |  |  |  |  |  |
Accrued deferred compensation |  | $ | 153,256 |  |  | $ | 142,308 |  |  | $ | 129,101 |
Impairment loss on investment securities |  |  | - |  |  |  | 1,305,584 |  |  |  | 1,218,497 |
Allowance for credit losses |  |  | 362,732 |  |  |  | 364,697 |  |  |  | 458,303 |
Nonaccrual interest |  |  | 445,173 |  |  |  | 445,173 |  |  |  | 339,765 |
Alternative minimum tax credits |  |  | 929,264 |  |  |  | 615,186 |  |  |  | 485,444 |
Net operating loss carryforward credits |  |  | 373,986 |  |  |  | - |  |  |  | - |
Accumulated depreciation |  |  | 61,019 |  |  |  | 72,354 |  |  |  | 60,627 |
Other real estate owned |  |  | 14,940 |  |  |  | 14,940 |  |  |  | 14,940 |
Reserve for unfunded commitments |  |  | 4,641 |  |  |  | 78,890 |  |  |  | 78,890 |
Other temporary differences |  |  | 2,116 |  |  |  | 2,116 |  |  |  | 1,332 |
Accumulated securities premium accretion |  |  | 138,207 |  |  |  | 71,834 |  |  |  | 39,514 |
Net unrealized depreciation on investment securities available for sale |  |  | 199,277 |  |  |  | - |  |  |  | 778,048 |
Total deferred income tax benefits |  |  | 2,684,611 |  |  |  | 3,113,082 |  |  |  | 3,604,461 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Accumulated securities discount accretion |  |  | - |  |  |  | - |  |  |  | - |
Net unrealized appreciation on investment securities available for sale |  |  | - |  |  |  | 67,847 |  |  |  | - |
Total deferred income tax liabilities |  |  | - |  |  |  | 67,847 |  |  |  | - |
Net deferred income tax benefits |  | $ | 2,684,611 |  |  | $ | 3,045,235 |  |  | $ | 3,604,461 |

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