Farmers and Merchants Bancshares (FMFG) 10-K 28 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 28, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	Farmers & Merchants Bancshares, Inc.
Entity Central Index Key	1,698,022
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 40,317,827
Trading Symbol	FMFG
Entity Common Stock, Shares Outstanding		1,667,863

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 6,235,186	$ 12,334,358
Federal funds sold and other interest-bearing deposits	1,002,199	978,557
Cash and cash equivalents	7,237,385	13,312,915
Certificate of deposit in other bank	100,000	100,000
Securities available for sale	28,433,391	34,385,939
Securities held to maturity	18,204,182	17,987,628
Federal Home Loan Bank stock, at cost	1,063,600	778,300
Mortgage loans held for sale	327,700	884,500
Loans, less allowance for loan losses of $2,458,911 and $2,363,086	332,533,706	295,286,572
Premises and equipment	5,206,271	5,449,678
Accrued interest receivable	1,020,256	956,963
Deferred income taxes	998,032	1,029,019
Other real estate owned	265,500	414,000
Bank owned life insurance	6,891,590	6,721,003
Other assets	622,856	2,524,842
Assets	402,904,469	379,831,359
Deposits
Noninterest-bearing	64,403,133	62,791,835
Interest-bearing	255,393,291	239,923,301
Total deposits	319,796,424	302,715,136
Securities sold under repurchase agreements	21,768,507	27,226,159
Federal Home Loan Bank of Atlanta advances	17,000,000	9,000,000
Accrued interest payable	180,620	141,903
Other liabilities	2,359,986	1,735,884
Liabilities	361,105,537	340,819,082
Stockholders' equity
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,667,813 shares in 2017 and 1,656,390 shares in 2016	16,678	16,564
Additional paid-in capital	26,869,796	26,562,919
Retained earnings	15,306,625	12,713,099
Accumulated other comprehensive income	(394,167)	(280,305)
Stockholders' Equity Attributable to Parent	41,798,932	39,012,277
Liabilities and Stockholders' Equity	$ 402,904,469	$ 379,831,359

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Allowance	$ 2,458,911	$ 2,363,086
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Shares, Issued	1,667,813	1,656,390
Common Stock, Shares, Outstanding	1,667,813	1,656,390

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest income
Loans, including fees	$ 15,189,238	$ 14,024,899
Investment securities - taxable	710,438	762,383
Investment securities - tax exempt	597,919	501,530
Federal funds sold and other interest earning assets	97,208	62,685
Total interest income	16,594,803	15,351,497
Interest expense
Deposits	1,378,308	1,098,987
Securities sold under repurchase agreements	161,914	144,620
Federal Home Loan Bank advances and other borrowings	167,018	102,513
Total interest expense	1,707,240	1,346,120
Net interest income	14,887,563	14,005,377
Provision for loan losses	410,000	0
Net interest income after provision for loan losses	14,477,563	14,005,377
Noninterest income
Service charges on deposit accounts	700,791	758,075
Mortgage banking income	279,364	471,982
Bank owned life insurance income	170,588	179,622
Gain (loss) on sale and write down of other real estate owned	(148,500)	(57,065)
Gain on sale of loans	223,251	0
Other fees and commissions	111,600	112,583
Total noninterest income	1,337,094	1,465,197
Noninterest expense
Salaries	4,931,432	4,661,703
Employee benefits	1,289,263	1,217,508
Occupancy	684,173	649,055
Furniture and equipment	644,576	649,865
Other	2,473,658	2,356,494
Total noninterest expense	10,023,102	9,534,625
Income before income taxes	5,791,555	5,935,949
Income taxes	2,002,314	2,026,820
Net income	$ 3,789,241	$ 3,909,129
Earnings per share - basic and diluted	$ 2.28	$ 2.37

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net income	$ 3,789,241	$ 3,909,129
Securities available for sale
Net unrealized loss arising during the period	(81,019)	(294,248)
Income tax benefit	31,958	116,066
Total other comprehensive loss	(49,061)	(178,182)
Total comprehensive income	$ 3,740,180	$ 3,730,947

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders’ Equity - USD ($)	Total	Common stock [Member]	Additional paid-in capital [Member]	Retained earnings [Member]	Accumulated other comprehensive income [Member]
Beginning Balance at Dec. 31, 2015	$ 36,223,361	$ 16,475,415	$ 9,889,659	$ 9,960,410	$ (102,123)
Beginning Balance (in shares) at Dec. 31, 2015		1,647,541
Net income	3,909,129	$ 0	0	3,909,129	0
Unrealized loss on securities available for sale net of income tax benefit	(178,182)	0	0	0	(178,182)
Par value change as a result of the holding company formation	0	(16,547,340)	16,547,340	0	0
Cash dividends	(1,156,440)	0	0	(1,156,440)	0
Dividends reinvested	214,409	$ 88,489	125,920	0	0
Dividends reinvested (in shares)		8,849
Ending Balance at Dec. 31, 2016	39,012,277	$ 16,564	26,562,919	12,713,099	(280,305)
Ending Balance (in shares) at Dec. 31, 2016		1,656,390
Net income	3,789,241	$ 0	0	3,789,241	0
Unrealized loss on securities available for sale net of income tax benefit	(49,061)	0	0	0	(49,061)
Reclassification due to adoption of ASU No. 2018-02	0	0	0	64,801	(64,801)
Cash dividends	(1,260,516)	0	0	(1,260,516)	0
Dividends reinvested	306,991	$ 114	306,877	0	0
Dividends reinvested (in shares)		11,423
Ending Balance at Dec. 31, 2017	$ 41,798,932	$ 16,678	$ 26,869,796	$ 15,306,625	$ (394,167)
Ending Balance (in shares) at Dec. 31, 2017		1,667,813

Consolidated Statements of Cha7

Consolidated Statements of Changes in Stockholders’ Equity (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax, Portion Attributable to Parent	$ (31,958)	$ (116,066)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.76	$ 0.70

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Interest received	$ 16,646,808	$ 15,284,615
Fees and commissions received	1,316,507	1,285,575
Interest paid	(1,668,523)	(1,342,185)
Proceeds from sale of mortgage loans held for sale	13,063,992	22,360,618
Origination of mortgage loans held for sale	(12,507,192)	(23,245,118)
Cash paid to suppliers and employees	(7,773,163)	(9,441,840)
Income taxes paid	(1,170,196)	(2,462,983)
Cash provided by operating activities	7,908,233	2,438,682
Proceeds from maturity and call of securities
Available for sale	6,854,680	8,101,190
Held to maturity	1,612,309	3,306,926
Proceeds from sale of securities
Available for sale	0	298,379
Purchase of securities
Available for sale	(1,132,224)	(19,590,432)
Held to maturity	(1,805,924)	(4,692,897)
Loans made to customers, net of principal collected	(37,783,172)	(27,083,940)
Redemption (purchase) of stock in FHLB of Atlanta	(285,300)	(20,200)
Purchases of premises, equipment and software	(114,243)	(181,540)
Cash used by investing activities	(32,653,874)	(39,862,514)
Net increase (decrease) in
Noninterest-bearing deposits	1,611,298	4,747,893
Interest-bearing deposits	15,469,990	22,002,506
Securities sold under repurchase agreements	(5,457,652)	6,735,540
Federal Home Loan Bank of Atlanta advances	8,000,000	(2,000,000)
Dividends paid, net of reinvestments	(953,525)	(942,031)
Cash provided by financing activities	18,670,111	30,543,908
Net increase (decrease) in cash and cash equivalents	(6,075,530)	(6,879,924)
Cash and cash equivalents at beginning of period	13,312,915	20,192,839
Cash and cash equivalents at end of period	7,237,385	13,312,915
Reconciliation of net income to net cash provided by operating activities
Net income	3,789,241	3,909,129
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	419,281	448,895
Provision for loan losses	410,000	0
Net loss (gain) on sale of investment securities:
Write down of other real estate owned	148,500	58,500
Write down of other assets	1,500	0
Mutual fund dividend	(10,740)	(7,612)
Decrease (increase) in mortgage loans held for sale	556,800	(884,500)
Deferred income taxes	(347,446)	307,153
Revaluation of deferred tax asset due to change in corporate income tax rate	410,391	0
Amortization of premiums and accretion of discounts, net	136,874	165,281
Increase (decrease) in
Deferred loan fees	126,038	46,770
Accrued interest payable	38,717	3,935
Other liabilities	624,102	242,573
Decrease (increase) in
Accrued interest receivable	(63,293)	(106,040)
Bank owned life insurance cash surrender value	(170,587)	(179,622)
Other assets	1,838,855	(1,565,780)
Cash provided by operating activities	$ 7,908,233	$ 2,438,682

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies The accounting and reporting policies reflected in the financial statements conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. Management makes estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of commitments and contingent liabilities at the balance sheet date, and revenues and expenses during the year. These estimates and assumptions may affect the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. The consolidated financial statements include the accounts of Farmers and Merchants Bancshares, Inc. and its wholly owned subsidiaries, Farmers and Merchants Bank (the “Bank”), and Series Protected Cell FCB-4 (the “Insurance Subsidiary”), and one subsidiary of the Bank, Reliable Community Financial Services, Inc. (collectively the “Company”, “we”, “us”, or “our”). The Insurance Subsidiary is a series investment, 100 Farmers and Merchants Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland and surrounding areas of northern Maryland. The Insurance Subsidiary is a captive insurance entity that provides insurance coverage for Farmers and Merchants Bank. Reliable Community Financial Services, Inc. can provide a wide range of investment and insurance products to its customers. Certain reclassifications have been made to the 2016 financial statements to conform to the current year presentation. These reclassifications had no effect on net income. For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, money market funds, and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Comprehensive income includes net income and the unrealized gains or losses on investment securities available for sale, net of income taxes. As securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities which management has the intent and ability to hold to maturity are recorded at amortized cost, which is cost adjusted for amortization of premiums and accretion of discounts to maturity. Securities held to meet liquidity needs or which may be sold before maturity are classified as available for sale and carried at fair value with unrealized gains and losses included in stockholders’ equity on an after-tax basis. Gains and losses on disposal are determined using the specific-identification method. The Company amortizes premiums and accretes discounts using the interest method. As a member of the Federal Home Loan Bank, the Bank is required to purchase stock based on its total assets. Additional stock is purchased and redeemed based on the outstanding Federal Home Loan Bank advances to the Bank. The stock is recorded at cost on the balance sheet. Loans are stated at the current amount of unpaid principal, adjusted for deferred origination costs, deferred origination fees, and the allowance for loan losses. Interest on loans is accrued based on the principal amounts outstanding. Origination fees and costs are amortized to income over the terms of loans. Past due status is based on the contractual terms of the loan. Management may make an exception to reporting a loan as past due, if the past due status is solely due to the loan being past maturity, the Company intends to extend the loan, and the borrower is making principal and interest payments in accordance with the terms of the matured note. The accrual of interest is discontinued when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. If collection of principal is evaluated as doubtful, all payments are applied to principal. Loans are considered impaired when, based on current information, management considers it unlikely that the collection of principal and interest payments will be made according to contractual terms. Generally, loans are not reviewed for impairment until the accrual of interest has been discontinued or the loans are included on the watch list. The allowance for loan losses represents an amount which, in management’s judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. The Company’s allowance for loan losses consists of three elements: (i) specific valuation allowances determined based on probable losses on impaired loans; (ii) historical valuation allowances determined based on historical loan loss experience for impaired loans with similar characteristics; and (iii) adjustments to the historical valuation allowances based on general economic conditions and other qualitative risk factors both internal and external to the Company. The allowances established for probable losses on impaired loans are based on a regular analysis and evaluation of problem loans. Management maintains a watch list of problem loans. Loans are classified based on an internal credit risk grading process that evaluates, among other things: (i) the obligor’s ability to repay; (ii) the underlying collateral, if any; (iii) the economic environment; and (iv) for commercial borrowers, the industry in which the borrower operates. Specific valuation allowances are determined when the collateral value, if the loan is collateral dependent, or the discounted cash flows of the impaired loan is lower than the carrying value. Historical valuation allowances are calculated based on the historical loss experience of specific types of loans. The Company calculates historical loss ratios for pools of similar loans with similar characteristics based on the proportion of actual charge-offs experienced to the total population of loans in the pool over the prior eight to twenty quarters. As of December 31, 2017 and 2016, management used a twenty quarter period for the historical loss ratio. The historical loss ratios are updated quarterly based on actual charge-off experience. A historical valuation allowance is established for each pool of similar loans based upon the product of the historical loss ratio and the total dollar amount of the loans in the pool. Adjustments to the historical valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Company. In general, such adjustments are determined by evaluating, among other things: (i) the impact of economic conditions on the portfolio; (ii) changes in asset quality, including delinquency trends; (iii) the impact of changing interest rates on portfolio risk; (iv) changes in legislative and regulatory policy; (v) the composition and concentrations of credit; and (vi) the effectiveness of the internal loan review function as well as changes to policies and experience of loan personnel. Management evaluates these qualitative factors on a quarterly basis. Each factor could result in an adjustment that is positive, negative, or no impact. Loan losses are charged to the allowance when management believes that collection is unlikely. Collections of loans previously charged off are added to the allowance at the time of recovery. Mortgage loans held for sale are carried at the lower of aggregate cost or fair value based on the current fair value of each outstanding loan. Sales of loans are recorded when the proceeds are received, with any gain or loss recorded in mortgage banking income. The Company sells its mortgage loans to third party investors servicing released. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company. Premises and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation on buildings and equipment is computed over the estimated useful lives of the assets using the straight-line method. Leasehold improvements are amortized using the straight-line method over the term of the lease or the estimated useful lives of the asset, whichever is shorter. Real estate acquired through foreclosure or by deed in lieu of foreclosure is recorded at the lower of cost or fair value less estimated costs to sell on the date acquired. Losses incurred at the time of acquisition of the property are charged to the allowance for loan losses. Subsequent reductions in the estimated value of the property are included with any gains or losses on sale in noninterest income. The provision for income taxes includes income taxes payable for the current year and deferred income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement bases and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Earnings per share are determined by dividing net income by the weighted average number of shares of common stock outstanding, giving retroactive effect to any stock dividends. Weighted average shares were 1,658,384 1,652,014 The Company has evaluated events and transactions occurring subsequent to the statement of financial condition date of December 31, 2017 for items that should potentially be recognized or disclosed in these financial statements as prescribed by ASC Topic 855, Subsequent Events.

Cash and Equivalents

Cash and Equivalents	12 Months Ended
	Dec. 31, 2017
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents Disclosure [Text Block]	2. Cash and Equivalents The Company normally carries balances with other banks that exceed the federally insured limit. The average balance carried in excess of the limit, including unsecured federal funds sold to the same banks, was $ 5,991,573 6,542,956 Deposits held in noninterest-bearing transaction accounts are aggregated with any interest-bearing deposits the owner may hold in the same category. The combined total is insured up to $ 250,000 Banks are required to carry noninterest-bearing cash reserves of specified percentages of deposit balances. The Company’s normal balances of cash on hand and on deposit with other banks are sufficient to satisfy the reserve requirements.

Investment Securities

Investment Securities	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investment Securities Amortized Unrealized Unrealized Fair December 31, 2017 cost gains losses value Available for sale State and municipal $ 1,510,848 $ 38,494 $ 10,135 $ 1,539,207 Mutual fund 518,352 - 14,471 503,881 SBA pools 3,212,771 75 13,000 3,199,846 Mortgage-backed securities 23,735,332 8,787 553,662 23,190,457 $ 28,977,303 $ 47,356 $ 591,268 $ 28,433,391 Held to maturity State and municipal $ 18,204,182 $ 225,349 $ 121,904 $ 18,307,627 December 31, 2016 Available for sale State and municipal $ 1,515,863 $ 62,512 $ 12,048 $ 1,566,327 Mutual fund 507,612 - 15,369 492,243 SBA pools 2,280,415 - 16,581 2,263,834 Mortgage-backed securities 30,544,941 20,139 501,545 30,063,535 $ 34,848,831 $ 82,651 $ 545,543 $ 34,385,939 Held to maturity State and municipal $ 17,987,628 $ 163,239 $ 317,068 $ 17,833,799 Available for Sale Held to Maturity Amortized Fair Amortized Fair December 31, 2017 cost value cost value Within one year $ 518,352 $ 503,881 $ 165,677 $ 168,260 Over one to five years - - 780,336 794,512 Over five to ten years 1,133,940 1,150,564 1,792,019 1,831,833 Over ten years 376,908 388,643 15,466,150 15,513,022 2,029,200 2,043,088 18,204,182 18,307,627 Mortgage-backed securities and SBA pools, due in monthly installments 26,948,103 26,390,303 - - $ 28,977,303 $ 28,433,391 $ 18,204,182 $ 18,307,627 December 31, 2016 Within one year $ 507,612 $ 492,243 $ - $ - Over one to five years - - - - Over five to ten years 1,136,919 1,163,288 2,657,130 2,702,121 Over ten years 378,944 403,039 15,330,498 15,131,678 2,023,475 2,058,570 17,987,628 17,833,799 Mortgage-backed securities and SBA pools, due in monthly installments 32,825,356 32,327,369 - - $ 34,848,831 $ 34,385,939 $ 17,987,628 $ 17,833,799 Securities with a carrying value of $ 31,982,381 39,818,557 In 2017, the Company had no security sales. In 2016, the Company realized no gain or loss on the sale of one security with gross proceeds of $ 298,379 December 31, 2017 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 812,630 $ 1,519 $ 3,444,443 $ 130,520 $ 4,257,073 $ 132,039 Mutual fund - - 503,881 14,471 503,881 14,471 SBA pools 551,780 1,903 2,109,832 11,097 2,661,612 13,000 Mortgage-backed securities 2,871,597 41,413 19,571,511 512,249 22,443,108 553,662 Total $ 4,236,007 $ 44,835 $ 25,629,667 $ 668,337 $ 29,865,674 $ 713,172 December 31, 2016 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 8,558,230 $ 329,116 $ - $ - $ 8,558,230 $ 329,116 Mutual fund 492,243 15,369 - - 492,243 15,369 SBA pools 2,263,834 16,581 - - 2,263,834 16,581 Mortgage-backed securities 26,726,037 473,451 1,353,900 28,094 28,079,937 501,545 Total $ 38,040,344 $ 834,517 $ 1,353,900 $ 28,094 $ 39,394,244 $ 862,611 Management has the ability and intent to hold securities classified as held to maturity until they mature, at which time the Company should receive full value for the securities. As of December 31, 2017, management did not have the intent to sell any of the securities before a recovery of cost. The unrealized losses are due to increases in market interest rates over the yields available at the time the underlying securities were purchased as well as other market conditions for each particular security based upon the structure and remaining principal balance. The fair values of the investment securities are expected to recover as the securities approach their maturity dates or repricing dates or if market yields for such investments decline. Based on the these factors, as of December 31, 2017, management believes the unrealized losses detailed in the table above are temporary and, accordingly, none of these unrealized losses have been recognized in the Company’s consolidated statement of income.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	4. Related Party Transactions Certain executive officers and directors of the Company, including members of their immediate families and companies in which they are significant owners (more than 10%), were indebted to the Company. The loans were made on the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with borrowers who are not related to the Company. During the years ended December 31, 2017 and 2016, the activity of these loans was as follows: 2017 2016 Balance, beginning of year $ 12,782,233 $ 13,148,726 Additions 5,921,920 3,987,121 Amounts collected (3,126,837) (4,205,038) Change in related parties - (148,576) Balance, end of year $ 15,577,316 $ 12,782,233 Unused lines of credit to related parties totaled $ 746,842 2,220,128 $ 6,534 Deposits at the Company from related parties totaled $ 18,592,732 15,933,380 Payments to companies controlled by directors totaled $ 10,278 2,697

Loans

Loans	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. Loans 2017 2016 Real estate: Commercial $ 234,026,574 $ 206,145,076 Construction and land development 18,160,366 14,392,992 Residential 59,241,416 54,710,809 Commercial 23,613,543 22,152,773 Consumer 554,017 725,269 335,595,916 298,126,919 Less: Allowance for loan losses 2,458,911 2,363,086 Deferred origination fees net of costs 603,299 477,261 $ 332,533,706 $ 295,286,572 2017 2016 Variable rate, immediately $ 55,901,161 $ 41,628,685 Due within one year 42,042,744 48,381,221 Due over one to five years 136,475,036 126,810,275 Due over five years 101,176,975 81,306,738 $ 335,595,916 $ 298,126,919 Year-end nonaccrual loans, segregated by class of loans, were as follows: 2017 2016 Real eatate: Commercial $ 2,245,743 $ - Construction and land development - 752,889 Total $ 2,245,743 $ 752,889 At December 31, 2017, the Company had one $ 2,245,743 $ 82,070 $ 127,213 $ 275,000 At December 31, 2016, the Company had two nonaccrual construction and land development loans to one borrower totaling $ 752,889 38,028 16,587 400,000 90 Days Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing December 31, 2017 Real estate: Commercial $ - $ - $ 2,245,743 $ 2,245,743 $ 231,780,831 $ 234,026,574 $ - Construction and land development - - - - 18,160,366 18,160,366 - Residential - - 146,459 146,459 59,094,957 59,241,416 146,459 Commercial - - - - 23,613,543 23,613,543 - Consumer - - - - 554,017 554,017 - Total $ - $ - $ 2,392,202 $ 2,392,202 $ 333,203,714 $ 335,595,916 $ 146,459 December 31, 2016 Real estate: Commercial $ - $ - $ - $ - $ 206,145,076 $ 206,145,076 $ - Construction and land development - - 752,889 752,889 13,640,103 14,392,992 - Residential 824,554 - - 824,554 53,886,255 54,710,809 - Commercial 48,719 - - 48,719 22,104,054 22,152,773 - Consumer - - - - 725,269 725,269 - Total $ 873,273 $ - $ 752,889 $ 1,626,162 $ 296,500,757 $ 298,126,919 $ - Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized December 31, 2017 Commercial real estate $ 5,458,182 $ 2,937,439 $ 2,245,743 $ 5,183,182 $ 127,213 $ 3,804,136 $ 268,652 December 31, 2016 Real estate: Commercial $ 2,455,090 $ 2,183,509 $ 241,580 $ 2,425,089 $ 7,580 $ 2,332,568 $ 125,260 Construction and land development 1,152,889 - 752,889 752,889 16,587 854,851 - Commercial 164,766 164,766 - 164,766 - 184,201 14,442 $ 3,772,745 $ 2,348,275 $ 994,469 $ 3,342,744 $ 24,167 $ 3,371,620 $ 139,702 Impaired loans also include certain loans that have been modified in troubled debt restructurings (“TDRs”) where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance, or other actions. Certain TDRs are classified as nonperforming at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. At December 31, 2017, the Company had three $ 2,937,439 Two $ 774,274 three At December 31, 2016, the Company had three loans classified as a troubled debt restructuring. All are included in impaired loans above. The first is a commercial real estate loan with a balance of $ 2,183,509 164,766 271,580 241,580 30,000 7,580 As part of our portfolio risk management, the Company assigns a risk grade to each loan. The factors used to determine the grade are the payment history of the loan and the borrower, the value of the collateral and net worth of the guarantor, and cash flow projections of the borrower. Excellent, Above Average, Average and Acceptable grades are assigned to loans with limited or no delinquent payments and more than sufficient collateral and/or cash flow. A description of the general characteristics of loans characterized as watch list or classified is as follows: Pass/Watch Loans graded as Pass/Watch are secured by generally acceptable assets which reflect above-average risk. The loans warrant closer scrutiny by management than is routine, due to circumstances affecting the borrower, the borrower’s industry, or the overall economic environment. Borrowers may reflect weaknesses such as inconsistent or weak earnings, break even or moderately deficit cash flow, thin liquidity, minimal capacity to increase leverage, or volatile market fundamentals or other industry risks. Such loans are typically secured by acceptable collateral, at or near appropriate margins, with realizable liquidation values. Special Mention A special mention loan has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the asset or in the Bank’s credit position at some future date. Special mention loans are not adversely classified and do not expose the Bank to sufficient risk to warrant adverse classification. Borrowers may exhibit poor liquidity and leverage positions resulting from generally negative cash flow or negative trends in earnings. Access to alternative financing may be limited to finance companies for business borrowers and may be unavailable for commercial real estate borrowers. Substandard A substandard loan is inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Borrowers may exhibit recent or unexpected unprofitable operations, an inadequate debt service coverage ratio, or marginal liquidity and capitalization. These loans require more intense supervision by Bank management. Doubtful A doubtful loan has all the weaknesses inherent as a substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Above Pass Special December 31, 2017 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ 6,115,925 $ 127,639,361 $ 79,619,726 $ 9,041,882 $ 5,391,589 $ 3,972,348 $ 2,245,743 $ 234,026,574 Construction and land development - 173,633 9,288,372 4,978,964 3,719,397 - - - 18,160,366 Residential 53,948 1,260,128 35,254,016 18,659,174 3,363,570 - 650,580 - 59,241,416 Commercial 1,581,878 121,919 16,225,350 5,545,562 138,834 - - - 23,613,543 Consumer 5,210 96,484 351,093 70,171 - - 2,640 28,419 554,017 $ 1,641,036 $ 7,768,089 $ 188,758,192 $ 108,873,597 $ 16,263,683 $ 5,391,589 $ 4,625,568 $ 2,274,162 $ 335,595,916 Above Pass Special December 31, 2016 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ 9,584,756 $ 147,668,371 $ 32,474,566 $ 3,883,813 $ 8,644,563 $ 3,889,007 $ - $ 206,145,076 Construction and land development - 178,078 10,178,876 2,039,090 - 153,611 1,843,337 - 14,392,992 Residential 110,142 2,811,362 42,715,571 8,059,118 351,182 - 663,434 - 54,710,809 Commercial 1,666,880 77,745 18,469,572 1,228,598 545,212 164,766 - - 22,152,773 Consumer 42,577 121,306 476,465 51,339 - - 3,840 29,742 725,269 $ 1,819,599 $ 12,773,247 $ 219,508,855 $ 43,852,711 $ 4,780,207 $ 8,962,940 $ 6,399,618 $ 29,742 $ 298,126,919 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated Beginning for loan Charge Ending for impairment: for impairment: December 31, 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 419,868 $ (275,000) $ 4,780 $ 1,867,397 $ 127,213 $ 1,740,184 $ 5,183,182 $ 228,843,392 Construction and land development 204,860 65,850 (47,436) - 223,274 - 223,274 - 18,160,366 Residential 247,437 368 - 148 247,953 - 247,953 - 59,241,416 Commercial 125,260 (41,240) - 3,333 87,353 - 87,353 - 23,613,543 Consumer 8,826 (1,799) - - 7,027 - 7,027 - 554,017 Unallocated 58,954 (33,047) - - 25,907 - 25,907 - - $ 2,363,086 $ 410,000 $ (322,436) $ 8,261 $ 2,458,911 $ 127,213 $ 2,331,698 $ 5,183,182 $ 330,412,734 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated Beginning for loan Charge Ending for impairment: for impairment: December 31, 2016 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,718,256 $ 29,493 $ (30,000) $ - $ 1,717,749 $ 7,580 $ 1,710,169 $ 2,425,089 $ 203,719,987 Construction and land development 306,982 97,878 (200,000) - 204,860 16,587 188,273 752,889 13,640,103 Residential 322,084 (184,773) - 110,126 247,437 - 247,437 - 54,710,809 Commercial 132,362 93,383 (100,485) - 125,260 - 125,260 164,766 21,988,007 Consumer 7,900 926 - - 8,826 - 8,826 - 725,269 Unallocated 95,861 (36,907) - - 58,954 - 58,954 - - $ 2,583,445 $ - $ (330,485) $ 110,126 $ 2,363,086 $ 24,167 $ 2,338,919 $ 3,342,744 $ 294,784,175 Loans with a balance of approximately $ 64 $ 41 $ 31.7 31.0 The Company makes loans to customers located primarily in Baltimore County and Carroll County, Maryland and in surrounding areas of northern Maryland. Although the loan portfolio is diversified, many loans are secured by real estate and its performance will be influenced by the economy of the region, including local real estate markets.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	Premises and Equipment Useful lives 2017 2016 Land and improvements - $ 1,952,998 $ 1,952,998 Buildings and improvements 15-39 years 5,659,635 5,659,635 Furniture and equipment 3-10 years 3,604,769 3,490,526 11,217,402 11,103,159 Accumulated depreciation and amortization 6,011,131 5,653,481 $ 5,206,271 $ 5,449,678 Depreciation and amortization expense $ 357,650 $ 379,795 Software with a net book value of $ 126,538 185,253 $ 61,631 69,100

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2017
Leases, Operating [Abstract]
Leases of Lessee Disclosure [Text Block]	Lease Commitments The Company has an operating lease for the land on which the Hampstead branch is located. The initial term of the lease expired on September 30, 2009 and the lease has been renewed for two five year terms with an expiration date of September 30, 2019. The lease has options to renew for six additional consecutive five-year terms. Effective in July 2012, the Company entered into an operating lease for certain facilities where the Greenmount branch is located. The initial term of the lease was for five years and, effective January 2018, the lease has been renewed for one five-year term with an option to renew for an additional five-year term. The Company has an operating lease for its Atrium branch facility with a term of one year and nine one-year renewals. The lease was renewed in 2017 for another year. The Company entered into an operating lease for the corporate headquarters in September 2015. The lease expires in September 2020 with options to renew for four additional consecutive five year terms. Year Amount 2018 $ 133,224 2019 137,388 2020 141,680 2021 146,120 2022 150,707 Thereafter 1,067,216 $ 1,776,335 Rent expense was $ 130,608 128,200

Credit Commitments

Credit Commitments	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Credit Commitments [Text Block]	Credit Commitments 2017 2016 Loan commitments Construction and land development $ - $ 250,000 Commercial 1,295,000 1,050,000 Commercial real estate 7,478,500 17,134,718 Residential 660,000 3,894,689 $ 9,433,500 $ 22,329,407 Unused lines of credit Home-equity lines $ 3,390,515 $ 3,345,309 Commercial lines 36,614,548 27,182,226 $ 40,005,063 $ 30,527,535 Letters of credit $ 1,827,513 $ 1,281,848 Loan commitments and lines of credit are agreements to lend to a customer as long as there is no violation of any condition to the contract. Loan commitments generally have interest rates at current market amounts, fixed expiration dates, and may require payment of a fee. Lines of credit generally have variable interest rates. Such lines do not represent future cash requirements because it is unlikely that all customers will draw upon their lines in full at any time. Letters of credit are commitments issued to guarantee the performance of a customer to a third party. The maximum exposure to credit loss in the event of nonperformance by the customer is the contractual amount of the commitment. Loan commitments, lines of credit and letters of credit are made on the same terms, including collateral, as outstanding loans. Management is not aware of any accounting loss that is likely to be incurred as a result of funding its credit commitments.

Retirement plans

Retirement plans	12 Months Ended
	Dec. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Retirement Plans The Company has a profit sharing plan qualifying under Section 401(k) of the Internal Revenue Code. All employees age 21 or more with six months of service are eligible for participation in the plan. The Company matches employee contributions up to 4 100 170,142 165,224 The Company has entered into agreements with 12 $ 5,228 4,816 In 2010 and 2015, the Company adopted supplemental executive retirement plans for three of its executives. The plans provide cash compensation to the executive officers under certain circumstances, including a separation of service. The benefits vest over the period from adoption to a specified age for each executive. The Company recorded expenses, including interest, of $ 255,859 240,193 Retirement plan expenses are included in employee benefits on the consolidated statements of income.

Interest-Bearing Deposits

Interest-Bearing Deposits	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Deposit Liabilities Disclosures [Text Block]	10. Interest-Bearing Deposits 2017 2016 NOW $ 43,536,401 $ 40,090,252 Money market 53,750,747 64,859,044 Savings 43,903,240 40,158,833 Certificates of deposit, $250,000 or more 15,896,054 15,233,383 Other time deposits 98,306,849 79,581,789 $ 255,393,291 $ 239,923,301 Year Amount 2018 $ 57,820,534 2019 30,745,897 2020 15,963,309 2021 5,507,825 2022 3,526,876 Thereafter 638,462 $ 114,202,903

Borrowed Funds

Borrowed Funds	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	11. Borrowed Funds 2017 2016 Amounts outstanding at year-end: Securities sold under repurchase agreements $ 21,768,507 $ 27,226,159 Federal Home Loan Bank advances are summarized as follows: Maturity date Interest Rate Amount 1/17/2017 0.75 % $ - $ 1,000,000 4/21/2017 0.71 % - 1,000,000 1/16/2018 1.13 % 1,000,000 1,000,000 1/30/2018 1.25 % 2,000,000 - 2/12/2018 1.14 % 2,000,000 2,000,000 3/15/2018 1.17 % 2,000,000 - 5/24/2018 1.26 % 2,000,000 - 6/28/2018 1.69 % 3,000,000 - 8/13/2018 1.32 % 2,000,000 2,000,000 9/23/2019 1.25 % 2,000,000 2,000,000 11/22/2019 1.99 % 1,000,000 - Total $ 17,000,000 $ 9,000,000 Weighted average rate paid at December 31: Securities sold under repurchase agreements 0.65 % 0.63 % Federal Home Loan Bank advances 1.35 % 1.11 % Maximum month-end amount outstanding during the year ended December 31: Securities sold under repurchase agreements $ 30,786,064 $ 32,287,740 Federal Home Loan Bank advances 18,000,000 16,000,000 Average amount outstanding during the year ended December 31: Securities sold under repurchase agreements $ 24,702,931 $ 25,320,795 Federal Home Loan Bank advances 13,846,575 10,833,333 Borrowings from FRB and commercial banks 78,082 21,861 Average rate paid during the year ended December 31: Securities sold under repurchase agreements 0.66 % 0.64 % Federal Home Loan Bank advances 1.20 % 0.94 % Borrowings from FRB and commercial banks 1.64 % 0.67 % Investment securities underlying the repurchase agreements at December 31: Carrying value $ 22,363,793 $ 28,191,745 Estimated fair value 22,484,092 28,165,979 Loans and investment securities pledged to the Federal Home Loan Bank at December 31: Carrying value - loans $ 68,406,154 $ 69,998,207 Carrying value - investment securities 4,749,970 6,709,360 Loans pledged to the Federal Reserve Bank at December 31: Carrying value $ 40,717,623 $ 40,954,231 The Company is approved to borrow approximately $ 52.9 30.1 2 9

Other Noninterest Expenses

Other Noninterest Expenses	12 Months Ended
	Dec. 31, 2017
Other Income and Expenses [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Other Noninterest Expenses 2017 2016 Professional services $ 452,846 $ 311,702 Automated teller machine and debit card expenses 285,912 331,368 Advertising 236,564 217,116 Telephone 178,875 185,532 Directors fees 178,796 189,263 Postage, delivery, and armored carrier 172,607 179,344 Stationery, printing, and supplies 170,301 188,070 Internet banking fees 157,962 143,210 Federal Deposit Insurance Corporation premiums 125,943 147,940 Correspondent bank services 84,119 79,278 Travel and conferences 51,509 48,970 Liability insurance 49,332 46,917 Maryland state regulatory assessment 44,897 41,531 Dues and subscriptions 39,574 39,752 Remote deposit expenses 30,895 29,722 Insurance claims 27,413 - Other real estate owned 24,441 15,252 Credit reports 23,450 25,276 Contributions 23,439 23,160 Education and training 21,932 15,669 Other 92,851 97,422 $ 2,473,658 $ 2,356,494

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	13. Income Taxes 2017 2016 Current Federal $ 1,532,959 $ 1,353,410 State 406,410 364,394 1,939,369 1,717,804 Revaluation of deferred tax asset due to change in corporate tax rate 410,391 - Deferred (347,446) 309,016 $ 2,002,314 $ 2,026,820 The Tax Cuts and Jobs Act will reduce the Company’s federal corporate income tax rate from 34 21 410,391 64,801 2017 2016 Depreciation $ (62,449) $ (46,226) Provision for loan losses (132,991) 96,206 Other real estate owned allowance for loss (58,576) (23,075) Nonaccrual interest (3,633) (15,000) Prepaid captive insurance premium 13,781 393,735 Write-down of equity securities (592) - Post-retirement benefits (102,986) (96,624) $ (347,446) $ 309,016 Deferred tax assets Allowance for loan losses $ 627,127 $ 765,966 Other real estate owned allowance for loss 213,123 246,925 Write-down of equity securities 4,265 5,522 Nonaccrual interest 22,804 29,055 Post-retirement benefits 434,891 520,410 Unrealized loss on securities available for sale 149,671 182,588 1,451,881 1,750,466 Deferred tax liabilities Prepaid captive insurance premium 282,990 391,872 Depreciation 170,859 329,575 453,849 721,447 Net deferred tax asset $ 998,032 $ 1,029,019 Statutory federal income tax rate 34.0 % 34.0 % Increase (decrease) resulting from: Federal tax-exempt income (10.8) (4.9) State income taxes, net of federal income tax benefit 3.9 4.9 Nondeductible expenses 0.1 0.1 Revaluation of deferred tax asset due to change in corporate tax rate 7.1 - Other 0.3 - 34.6 % 34.1 % Included in Federal tax-exempt income is the insurance premium revenue of the Insurance Subsidiary. The Company does not have material uncertain tax positions and did not recognize any adjustments for unrecognized tax benefits. The Company remains subject to examination of income tax returns for the years ending after December 31, 2013.

Capital Standards

Capital Standards	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Regulatory Capital Requirements under Banking Regulations [Text Block]	Capital Standards The Company and the Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional, discretionary actions by the regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Our capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Basel III Capital Rules became effective for the Bank on January 1, 2015 (subject to a phase-in period for certain provisions). Quantitative measures established by the Basel III Capital Rules to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital, and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital to adjusted quarterly average assets (as defined). In connection with the adoption of the Basel III Capital Rules, the Bank elected to opt-out of the requirement to include accumulated other comprehensive income in Common Equity Tier 1 capital. Common Equity Tier 1 capital for the Bank is reduced by goodwill and other intangible assets, net of associated deferred tax liabilities and subject to transition provisions. Under the revised prompt corrective action requirements, as of January 1, 2015, insured depository institutions are required to meet the following in order to qualify as “well capitalized:” (1) a common equity Tier 1 risk-based capital ratio of 6.5%; (2) a Tier 1 risk-based capital ratio of 8%; (3) a total risk-based capital ratio of 10%; and (4) a Tier 1 leverage ratio of 5%. Management believes that, as of December 31, 2017, the Bank met all capital adequacy requirements under the Basel III Capital Rules on a fully phased-in basis as if such requirements were fully in effect. The implementation of the capital conservation buffer began on January 1, 2016, at the 0.625% level and will be phased in over a four-year period (increasing by that amount on each subsequent January 1, until it reaches 2.5% on January 1, 2019). The aforementioned capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 capital to risk-weighted assets above the minimum but below the conservation buffer (or below the combined capital conservation buffer and countercyclical capital buffer, when the latter is applied) will face constraints on dividends, equity repurchases, and compensation based on the amount of the shortfall. The following table presents actual and required capital ratios as of December 31, 2017 and 2016, for the Bank under the Basel III Capital Rules. The minimum required capital amounts presented include the minimum required capital levels as of December 31, 2017 and 2016, based on the phase-in provisions of the Basel III Capital Rules. Capital levels required to be considered well capitalized are based upon prompt corrective action regulations, as amended to reflect the changes under the Basel III Capital Rules. As of December 31, 2017, the most recent notification from the FDIC has categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized the Bank must maintain ratios as set forth in the table. There have been no conditions or events since that notification that management believes have changed the Bank’s category. Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 44,039 12.54 % $ 32,477 9.25 % $ 35,110 10.00 % Tier 1 capital (to risk-weighted assets) 41,580 11.84 % 25,455 7.25 % 28,088 8.00 % Common equity tier 1 (to risk-weighted assets) 41,580 11.84 % 20,188 5.75 % 22,822 6.50 % Tier 1 leverage (to average assets) 41,580 10.31 % 16,135 4.00 % 20,169 5.00 % Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2016 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 41,385 13.18 % $ 27,076 8.63 % $ 31,392 10.00 % Tier 1 capital (to risk-weighted assets) 39,022 12.43 % 20,797 6.63 % 25,114 8.00 % Common equity tier 1 (to risk- weighted assets) 39,022 12.43 % 16,089 5.13 % 20,405 6.50 % Tier 1 leverage (to average assets) 39,022 10.39 % 15,025 4.00 % 18,781 5.00 %

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	15. Fair Value Accounting standards define fair value as the price that would be received upon the sale of an asset or paid upon the transfer of a liability in an orderly transaction between market participants. The price in the principal market used to measure the fair value of the asset or liability is not adjusted for transaction costs. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. The standards require the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach uses valuation techniques to convert future amounts, such as cash flows or earnings, to a single present amount on a discounted basis. The cost approach is based on the amount that currently would be required to replace the service capacity of an asset (replacement cost). Valuation techniques should be consistently applied. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. The standards establish a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: · Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. · Level 2: Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data. · Level 3: Significant unobservable inputs that reflect the Company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company uses the following methods and significant assumptions to estimate the fair values of the following assets: · Securities available for sale: The fair values of securities available for sale are determined by obtaining quoted prices from a nationally recognized securities pricing agent. If quoted market prices are not available, fair value is determined using quoted market prices for similar securities. · Other real estate owned (“OREO”): Nonrecurring fair value adjustments to OREO reflect full or partial write-downs that are based on the OREO’s observable market price or current appraised value of the real estate. Since the market for OREO is not active, OREO subjected to nonrecurring fair value adjustments based on the current appraised value of the real estate are classified as Level 3. The appraised value is obtained annually from an independent third party appraiser and is reduced by expected sales costs, which has historically been 10% of the appraised value. · Impaired loans: Nonrecurring fair value adjustments to impaired loans reflect full or partial write-downs and reserves that are based on the impaired loan’s observable market price or current appraised value of the collateral. Since the market for impaired loans is not active, such loans subjected to nonrecurring fair value adjustments based on the current appraised value of the collateral are classified as Level 3. The appraised value is obtained annually from an independent third party appraiser and is reduced by expected sales costs, which has historically been 10% of the appraised value. The following table summarizes financial assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2017 and 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Carrying Value: Level 1 Level 2 Level 3 Total December 31, 2017 Recurring Available for sale securities State and municipal $ - $ 1,539,207 $ - $ 1,539,207 Mutual Fund 503,881 - - 503,881 SBA pools - 3,199,846 - 3,199,846 Mortgage-backed securities - 23,190,457 - 23,190,457 $ 503,881 $ 27,929,510 $ - $ 28,433,391 Nonrecurring Other real estate owned $ - $ - $ 265,500 $ 265,500 Impaired loans - - 5,055,969 5,055,969 December 31, 2016 Recurring Available for sale securities State and municipal $ - $ 1,566,327 $ - $ 1,566,327 Mutual Fund 492,243 - - 492,243 SBA pools - 2,263,834 - 2,263,834 Mortgage-backed securities - 30,063,535 - 30,063,535 $ 492,243 $ 33,893,696 $ - $ 34,385,939 Nonrecurring Other real estate owned $ - $ - $ 414,000 $ 414,000 Impaired loans - - 3,318,577 3,318,577 Reconciliation of Level 3 Inputs Other Real Impaired Estate Owned Loans December 31, 2016 balance $ 414,000 $ 3,318,577 Additions - 3,242,425 Advances - 1,382,256 Write-downs (148,500) (322,436) Loan loss provision - (103,046) Principal payments received - (2,461,807) December 31, 2017 balance $ 265,500 $ 5,055,969 December 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 7,237,385 $ 7,237,385 $ 13,312,915 $ 13,312,915 Level 2 inputs Securities held to maturity 18,204,182 18,307,627 17,987,628 17,833,799 Mortgage loans held for sale 327,700 332,558 884,500 902,061 Federal Home Loan Bank stock 1,063,600 1,063,600 778,300 778,300 Level 3 inputs Loans, net 332,533,706 332,689,848 295,286,572 297,982,000 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 64,403,133 $ 64,403,133 $ 62,791,835 $ 62,791,835 Securities sold under repurchase agreements 21,768,507 21,768,507 27,226,159 27,226,159 Level 2 inputs Interest-bearing deposits 255,393,291 244,403,291 239,923,301 230,394,000 Federal Home Loan Bank advances 17,000,000 16,957,000 9,000,000 8,975,000 The fair value of mortgage loans held for sale is determined by the expected sales price. The fair values of fixed-rate loans are estimated to be the present values of scheduled payments discounted using interest rates currently in effect. The fair values of variable-rate loans, including loans with a demand feature, are estimated to equal the carrying amount. The valuation of a loan is adjusted for probable loan losses. The fair values of interest-bearing checking, savings, and money market deposit accounts are equal to their carrying amounts. The fair values of fixed-maturity time deposits are estimated based on interest rates currently offered for deposits of similar remaining maturities. The fair value of credit commitments are considered to be the same as the contractual amounts, and are not included in the table above. These commitments generate fees that approximate those currently charged to originate similar commitments.

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	16. Parent Company Financial Information Balance Sheets December 31, 2017 2016 Assets Cash and cash equivalents $ 48,384 $ 52,086 Investment in subsidiaries 41,743,068 38,952,711 Other assets 7,480 7,480 $ 41,798,932 $ 39,012,277 Liabilities and Stockholders' Equity Stockholders' equity Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,667,813 shares in 2017 and 1,656,390 shares in 2016 16,678 16,564 Additional paid-in capital 26,869,796 26,562,919 Retained earnings 15,306,625 12,713,099 Accumulated other comprehensive income (394,167) (280,305) 41,798,932 39,012,277 $ 41,798,932 $ 39,012,277 Statements of Income Years Ended December 31, 2017 2016 Income Cash dividends from subsidiary $ 1,250,278 $ 696,301 Total income 1,250,278 696,301 Noninterest expense 455 22,000 Income before before income taxes and equity in undistributed income of subsidiaries 1,249,823 674,301 Income taxes (benefit) - (7,480) Income before before equity in undistributed income of subsidiaries 1,249,823 681,781 Equity in undistributed income of subsidiaries 2,539,418 3,227,348 $ 3,789,241 $ 3,909,129 Statements of Cash Flows Years Ended December 31, 2017 2016 Cash flows from operating activities Net Income $ 3,789,241 $ 3,909,129 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (2,539,418) (3,227,348) Other - (7,480) Cash provided by operating activities 1,249,823 674,301 Cash flows from investing activities Contibution of capital to subsdiaries (300,000) (25,675) Cash used by investing activities (300,000) (25,675) Cash flows from financing activities Dividends paid, net of reinvestments (953,525) (596,540) Cash provided by financing activities (953,525) (596,540) Net increase (decrease) in cash and cash equivalents (3,702) 52,086 Cash and cash equivalents at beginning of period 52,086 - Cash and cash equivalents at end of period $ 48,384 $ 52,086

Quarterly Results of Operations

Quarterly Results of Operations	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	Quarterly Results of Operations Three Months Ended Unaudited December 31 September 30 June 30 March 31 Interest income $ 4,264,414 $ 4,232,017 $ 4,121,760 $ 3,976,612 Interest expense 466,104 442,805 412,618 385,713 Net interest income 3,798,310 3,789,212 3,709,142 3,590,899 Provision for loan losses 60,000 225,000 75,000 50,000 Net income 656,339 1,014,456 1,134,889 983,557 Earnings per share - basic and diluted $ 0.39 $ 0.61 $ 0.69 $ 0.59 2016 December 31 September 30 June 30 March 31 Interest income $ 3,992,191 $ 3,856,566 $ 3,731,160 $ 3,771,580 Interest expense 368,885 340,099 322,540 314,596 Net interest income 3,623,306 3,516,467 3,408,620 3,456,984 Provision for loan losses - - - - Net income 1,016,101 1,040,372 916,188 936,468 Earnings per share - basic and diluted $ 0.61 $ 0.63 $ 0.56 $ 0.57

Litigation

Litigation	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Legal Matters and Contingencies [Text Block]	Litigation In the ordinary course of its business, the Company is periodically party to various legal actions normally associated with a financial institution. Management does not believe that any of these normal course proceedings are likely to have a material adverse effect on the financial condition or liquidity of the Company.

Summary of Significant Accoun27

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of consolidation The consolidated financial statements include the accounts of Farmers and Merchants Bancshares, Inc. and its wholly owned subsidiaries, Farmers and Merchants Bank (the “Bank”), and Series Protected Cell FCB-4 (the “Insurance Subsidiary”), and one subsidiary of the Bank, Reliable Community Financial Services, Inc. (collectively the “Company”, “we”, “us”, or “our”). The Insurance Subsidiary is a series investment, 100
Basis of Accounting, Policy [Policy Text Block]	Business Farmers and Merchants Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland and surrounding areas of northern Maryland. The Insurance Subsidiary is a captive insurance entity that provides insurance coverage for Farmers and Merchants Bank. Reliable Community Financial Services, Inc. can provide a wide range of investment and insurance products to its customers.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made to the 2016 financial statements to conform to the current year presentation. These reclassifications had no effect on net income.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, money market funds, and federal funds sold. Generally, federal funds are purchased and sold for one-day periods.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive income Comprehensive income includes net income and the unrealized gains or losses on investment securities available for sale, net of income taxes.
Investment, Policy [Policy Text Block]	Investment securities As securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities which management has the intent and ability to hold to maturity are recorded at amortized cost, which is cost adjusted for amortization of premiums and accretion of discounts to maturity. Securities held to meet liquidity needs or which may be sold before maturity are classified as available for sale and carried at fair value with unrealized gains and losses included in stockholders’ equity on an after-tax basis. Gains and losses on disposal are determined using the specific-identification method. The Company amortizes premiums and accretes discounts using the interest method.
Federal Home Loan Bank stocks [Policy Text Block]	Federal Home Loan Bank stock As a member of the Federal Home Loan Bank, the Bank is required to purchase stock based on its total assets. Additional stock is purchased and redeemed based on the outstanding Federal Home Loan Bank advances to the Bank. The stock is recorded at cost on the balance sheet.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Loans and allowance for loan losses Loans are stated at the current amount of unpaid principal, adjusted for deferred origination costs, deferred origination fees, and the allowance for loan losses. Interest on loans is accrued based on the principal amounts outstanding. Origination fees and costs are amortized to income over the terms of loans. Past due status is based on the contractual terms of the loan. Management may make an exception to reporting a loan as past due, if the past due status is solely due to the loan being past maturity, the Company intends to extend the loan, and the borrower is making principal and interest payments in accordance with the terms of the matured note. The accrual of interest is discontinued when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. If collection of principal is evaluated as doubtful, all payments are applied to principal. Loans are considered impaired when, based on current information, management considers it unlikely that the collection of principal and interest payments will be made according to contractual terms. Generally, loans are not reviewed for impairment until the accrual of interest has been discontinued or the loans are included on the watch list. The allowance for loan losses represents an amount which, in management’s judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. The Company’s allowance for loan losses consists of three elements: (i) specific valuation allowances determined based on probable losses on impaired loans; (ii) historical valuation allowances determined based on historical loan loss experience for impaired loans with similar characteristics; and (iii) adjustments to the historical valuation allowances based on general economic conditions and other qualitative risk factors both internal and external to the Company. The allowances established for probable losses on impaired loans are based on a regular analysis and evaluation of problem loans. Management maintains a watch list of problem loans. Loans are classified based on an internal credit risk grading process that evaluates, among other things: (i) the obligor’s ability to repay; (ii) the underlying collateral, if any; (iii) the economic environment; and (iv) for commercial borrowers, the industry in which the borrower operates. Specific valuation allowances are determined when the collateral value, if the loan is collateral dependent, or the discounted cash flows of the impaired loan is lower than the carrying value. Historical valuation allowances are calculated based on the historical loss experience of specific types of loans. The Company calculates historical loss ratios for pools of similar loans with similar characteristics based on the proportion of actual charge-offs experienced to the total population of loans in the pool over the prior eight to twenty quarters. As of December 31, 2017 and 2016, management used a twenty quarter period for the historical loss ratio. The historical loss ratios are updated quarterly based on actual charge-off experience. A historical valuation allowance is established for each pool of similar loans based upon the product of the historical loss ratio and the total dollar amount of the loans in the pool. Adjustments to the historical valuation allowances are based on general economic conditions and other qualitative risk factors both internal and external to the Company. In general, such adjustments are determined by evaluating, among other things: (i) the impact of economic conditions on the portfolio; (ii) changes in asset quality, including delinquency trends; (iii) the impact of changing interest rates on portfolio risk; (iv) changes in legislative and regulatory policy; (v) the composition and concentrations of credit; and (vi) the effectiveness of the internal loan review function as well as changes to policies and experience of loan personnel. Management evaluates these qualitative factors on a quarterly basis. Each factor could result in an adjustment that is positive, negative, or no impact. Loan losses are charged to the allowance when management believes that collection is unlikely. Collections of loans previously charged off are added to the allowance at the time of recovery.
Loans and Leases Receivable, Mortgage Banking Activities, Policy [Policy Text Block]	Mortgage loans held for sale and mortgage banking income Mortgage loans held for sale are carried at the lower of aggregate cost or fair value based on the current fair value of each outstanding loan. Sales of loans are recorded when the proceeds are received, with any gain or loss recorded in mortgage banking income. The Company sells its mortgage loans to third party investors servicing released. Upon sale and delivery, loans are legally isolated from the Company and the Company has no ability to restrict or constrain the ability of third party investors to pledge or exchange the mortgage loans. The Company does not have the entitlement or ability to repurchase the mortgage loans or unilaterally cause third party investors to put the mortgage loans back to the Company.
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment Premises and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation on buildings and equipment is computed over the estimated useful lives of the assets using the straight-line method. Leasehold improvements are amortized using the straight-line method over the term of the lease or the estimated useful lives of the asset, whichever is shorter.
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block]	Other real estate owned Real estate acquired through foreclosure or by deed in lieu of foreclosure is recorded at the lower of cost or fair value less estimated costs to sell on the date acquired. Losses incurred at the time of acquisition of the property are charged to the allowance for loan losses. Subsequent reductions in the estimated value of the property are included with any gains or losses on sale in noninterest income.
Income Tax, Policy [Policy Text Block]	Income taxes The provision for income taxes includes income taxes payable for the current year and deferred income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement bases and tax bases of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse.
Per share data [Policy Text Block]	Earnings per share are determined by dividing net income by the weighted average number of shares of common stock outstanding, giving retroactive effect to any stock dividends. Weighted average shares were 1,658,384 1,652,014
Subsequent Events, Policy [Policy Text Block]	Subsequent events The Company has evaluated events and transactions occurring subsequent to the statement of financial condition date of December 31, 2017 for items that should potentially be recognized or disclosed in these financial statements as prescribed by ASC Topic 855, Subsequent Events.

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Marketable Securities [Table Text Block]	Investment securities are summarized as follows: Amortized Unrealized Unrealized Fair December 31, 2017 cost gains losses value Available for sale State and municipal $ 1,510,848 $ 38,494 $ 10,135 $ 1,539,207 Mutual fund 518,352 - 14,471 503,881 SBA pools 3,212,771 75 13,000 3,199,846 Mortgage-backed securities 23,735,332 8,787 553,662 23,190,457 $ 28,977,303 $ 47,356 $ 591,268 $ 28,433,391 Held to maturity State and municipal $ 18,204,182 $ 225,349 $ 121,904 $ 18,307,627 December 31, 2016 Available for sale State and municipal $ 1,515,863 $ 62,512 $ 12,048 $ 1,566,327 Mutual fund 507,612 - 15,369 492,243 SBA pools 2,280,415 - 16,581 2,263,834 Mortgage-backed securities 30,544,941 20,139 501,545 30,063,535 $ 34,848,831 $ 82,651 $ 545,543 $ 34,385,939 Held to maturity State and municipal $ 17,987,628 $ 163,239 $ 317,068 $ 17,833,799
Investments Classified by Contractual Maturity Date [Table Text Block]	Contractual maturities, shown below, will differ from actual maturities because borrowers and issuers may have the right to call or prepay obligations with or without call or prepayment penalties. Available for Sale Held to Maturity Amortized Fair Amortized Fair December 31, 2017 cost value cost value Within one year $ 518,352 $ 503,881 $ 165,677 $ 168,260 Over one to five years - - 780,336 794,512 Over five to ten years 1,133,940 1,150,564 1,792,019 1,831,833 Over ten years 376,908 388,643 15,466,150 15,513,022 2,029,200 2,043,088 18,204,182 18,307,627 Mortgage-backed securities and SBA pools, due in monthly installments 26,948,103 26,390,303 - - $ 28,977,303 $ 28,433,391 $ 18,204,182 $ 18,307,627 December 31, 2016 Within one year $ 507,612 $ 492,243 $ - $ - Over one to five years - - - - Over five to ten years 1,136,919 1,163,288 2,657,130 2,702,121 Over ten years 378,944 403,039 15,330,498 15,131,678 2,023,475 2,058,570 17,987,628 17,833,799 Mortgage-backed securities and SBA pools, due in monthly installments 32,825,356 32,327,369 - - $ 34,848,831 $ 34,385,939 $ 17,987,628 $ 17,833,799
Schedule of Unrealized Loss on Investments [Table Text Block]	The following table sets forth the Company’s gross unrealized losses on a continuous basis for investment securities, by category and length of time. December 31, 2017 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 812,630 $ 1,519 $ 3,444,443 $ 130,520 $ 4,257,073 $ 132,039 Mutual fund - - 503,881 14,471 503,881 14,471 SBA pools 551,780 1,903 2,109,832 11,097 2,661,612 13,000 Mortgage-backed securities 2,871,597 41,413 19,571,511 512,249 22,443,108 553,662 Total $ 4,236,007 $ 44,835 $ 25,629,667 $ 668,337 $ 29,865,674 $ 713,172 December 31, 2016 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 8,558,230 $ 329,116 $ - $ - $ 8,558,230 $ 329,116 Mutual fund 492,243 15,369 - - 492,243 15,369 SBA pools 2,263,834 16,581 - - 2,263,834 16,581 Mortgage-backed securities 26,726,037 473,451 1,353,900 28,094 28,079,937 501,545 Total $ 38,040,344 $ 834,517 $ 1,353,900 $ 28,094 $ 39,394,244 $ 862,611

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of Related Party Transactions [Table Text Block]	During the years ended December 31, 2017 and 2016, the activity of these loans was as follows: 2017 2016 Balance, beginning of year $ 12,782,233 $ 13,148,726 Additions 5,921,920 3,987,121 Amounts collected (3,126,837) (4,205,038) Change in related parties - (148,576) Balance, end of year $ 15,577,316 $ 12,782,233

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Major categories of loans at December 31, 2017 and 2016 are as follows: 2017 2016 Real estate: Commercial $ 234,026,574 $ 206,145,076 Construction and land development 18,160,366 14,392,992 Residential 59,241,416 54,710,809 Commercial 23,613,543 22,152,773 Consumer 554,017 725,269 335,595,916 298,126,919 Less: Allowance for loan losses 2,458,911 2,363,086 Deferred origination fees net of costs 603,299 477,261 $ 332,533,706 $ 295,286,572
Maturity And Rate Repricing Distribution Of The Loans And Leases Receivable [Table Text Block]	The maturity and rate repricing distribution of the loan portfolio as of December 31, 2017 and 2016, is as follows: 2017 2016 Variable rate, immediately $ 55,901,161 $ 41,628,685 Due within one year 42,042,744 48,381,221 Due over one to five years 136,475,036 126,810,275 Due over five years 101,176,975 81,306,738 $ 335,595,916 $ 298,126,919
Schedule of Maturity and Rate Repricing Distribution of the Loan Portfolio [Table Text Block]	Year-end nonaccrual loans, segregated by class of loans, were as follows: 2017 2016 Real eatate: Commercial $ 2,245,743 $ - Construction and land development - 752,889 Total $ 2,245,743 $ 752,889
Loans and Leases Receivable, Nonaccrual Loan and Lease Status [Table Text Block]	An age analysis of past due loans, segregated by class of loans, as of year-end, is as follows: 90 Days Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing December 31, 2017 Real estate: Commercial $ - $ - $ 2,245,743 $ 2,245,743 $ 231,780,831 $ 234,026,574 $ - Construction and land development - - - - 18,160,366 18,160,366 - Residential - - 146,459 146,459 59,094,957 59,241,416 146,459 Commercial - - - - 23,613,543 23,613,543 - Consumer - - - - 554,017 554,017 - Total $ - $ - $ 2,392,202 $ 2,392,202 $ 333,203,714 $ 335,595,916 $ 146,459 December 31, 2016 Real estate: Commercial $ - $ - $ - $ - $ 206,145,076 $ 206,145,076 $ - Construction and land development - - 752,889 752,889 13,640,103 14,392,992 - Residential 824,554 - - 824,554 53,886,255 54,710,809 - Commercial 48,719 - - 48,719 22,104,054 22,152,773 - Consumer - - - - 725,269 725,269 - Total $ 873,273 $ - $ 752,889 $ 1,626,162 $ 296,500,757 $ 298,126,919 $ -
Impaired Financing Receivables [Table Text Block]	Year-end impaired loans, segregated by class of loans, are set forth in the following table: Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized December 31, 2017 Commercial real estate $ 5,458,182 $ 2,937,439 $ 2,245,743 $ 5,183,182 $ 127,213 $ 3,804,136 $ 268,652 December 31, 2016 Real estate: Commercial $ 2,455,090 $ 2,183,509 $ 241,580 $ 2,425,089 $ 7,580 $ 2,332,568 $ 125,260 Construction and land development 1,152,889 - 752,889 752,889 16,587 854,851 - Commercial 164,766 164,766 - 164,766 - 184,201 14,442 $ 3,772,745 $ 2,348,275 $ 994,469 $ 3,342,744 $ 24,167 $ 3,371,620 $ 139,702
Financing Receivable Credit Quality Indicators [Table Text Block]	Loans by credit grade, segregated by loan type, at year-end, are as follows: Above Pass Special December 31, 2017 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ 6,115,925 $ 127,639,361 $ 79,619,726 $ 9,041,882 $ 5,391,589 $ 3,972,348 $ 2,245,743 $ 234,026,574 Construction and land development - 173,633 9,288,372 4,978,964 3,719,397 - - - 18,160,366 Residential 53,948 1,260,128 35,254,016 18,659,174 3,363,570 - 650,580 - 59,241,416 Commercial 1,581,878 121,919 16,225,350 5,545,562 138,834 - - - 23,613,543 Consumer 5,210 96,484 351,093 70,171 - - 2,640 28,419 554,017 $ 1,641,036 $ 7,768,089 $ 188,758,192 $ 108,873,597 $ 16,263,683 $ 5,391,589 $ 4,625,568 $ 2,274,162 $ 335,595,916 Above Pass Special December 31, 2016 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ 9,584,756 $ 147,668,371 $ 32,474,566 $ 3,883,813 $ 8,644,563 $ 3,889,007 $ - $ 206,145,076 Construction and land development - 178,078 10,178,876 2,039,090 - 153,611 1,843,337 - 14,392,992 Residential 110,142 2,811,362 42,715,571 8,059,118 351,182 - 663,434 - 54,710,809 Commercial 1,666,880 77,745 18,469,572 1,228,598 545,212 164,766 - - 22,152,773 Consumer 42,577 121,306 476,465 51,339 - - 3,840 29,742 725,269 $ 1,819,599 $ 12,773,247 $ 219,508,855 $ 43,852,711 $ 4,780,207 $ 8,962,940 $ 6,399,618 $ 29,742 $ 298,126,919
Allowance for Credit Losses on Financing Receivables [Table Text Block]	The following table details activity in the allowance for loan losses by portfolio for the years ended December 31, 2017 and 2016. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated Beginning for loan Charge Ending for impairment: for impairment: December 31, 2017 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,717,749 $ 419,868 $ (275,000) $ 4,780 $ 1,867,397 $ 127,213 $ 1,740,184 $ 5,183,182 $ 228,843,392 Construction and land development 204,860 65,850 (47,436) - 223,274 - 223,274 - 18,160,366 Residential 247,437 368 - 148 247,953 - 247,953 - 59,241,416 Commercial 125,260 (41,240) - 3,333 87,353 - 87,353 - 23,613,543 Consumer 8,826 (1,799) - - 7,027 - 7,027 - 554,017 Unallocated 58,954 (33,047) - - 25,907 - 25,907 - - $ 2,363,086 $ 410,000 $ (322,436) $ 8,261 $ 2,458,911 $ 127,213 $ 2,331,698 $ 5,183,182 $ 330,412,734 Allowance for loan losses Outstanding loan Provision ending balance evaluated balances evaluated Beginning for loan Charge Ending for impairment: for impairment: December 31, 2016 balance losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 1,718,256 $ 29,493 $ (30,000) $ - $ 1,717,749 $ 7,580 $ 1,710,169 $ 2,425,089 $ 203,719,987 Construction and land development 306,982 97,878 (200,000) - 204,860 16,587 188,273 752,889 13,640,103 Residential 322,084 (184,773) - 110,126 247,437 - 247,437 - 54,710,809 Commercial 132,362 93,383 (100,485) - 125,260 - 125,260 164,766 21,988,007 Consumer 7,900 926 - - 8,826 - 8,826 - 725,269 Unallocated 95,861 (36,907) - - 58,954 - 58,954 - - $ 2,583,445 $ - $ (330,485) $ 110,126 $ 2,363,086 $ 24,167 $ 2,338,919 $ 3,342,744 $ 294,784,175

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	A summary of premises and equipment is as follows: Useful lives 2017 2016 Land and improvements - $ 1,952,998 $ 1,952,998 Buildings and improvements 15-39 years 5,659,635 5,659,635 Furniture and equipment 3-10 years 3,604,769 3,490,526 11,217,402 11,103,159 Accumulated depreciation and amortization 6,011,131 5,653,481 $ 5,206,271 $ 5,449,678 Depreciation and amortization expense $ 357,650 $ 379,795

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2017
Leases, Operating [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year Amount 2018 $ 133,224 2019 137,388 2020 141,680 2021 146,120 2022 150,707 Thereafter 1,067,216 $ 1,776,335

Credit Commitments (Tables)

Credit Commitments (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Credit Commitments [Table Text Block]	Outstanding loan commitments, unused lines of credit, and letters of credit as of December 31, are as follows: 2017 2016 Loan commitments Construction and land development $ - $ 250,000 Commercial 1,295,000 1,050,000 Commercial real estate 7,478,500 17,134,718 Residential 660,000 3,894,689 $ 9,433,500 $ 22,329,407 Unused lines of credit Home-equity lines $ 3,390,515 $ 3,345,309 Commercial lines 36,614,548 27,182,226 $ 40,005,063 $ 30,527,535 Letters of credit $ 1,827,513 $ 1,281,848

Interest-Bearing Deposits (Tabl

Interest-Bearing Deposits (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule Of Deposits [Table Text Block]	Major classifications of interest-bearing deposits are as follows: 2017 2016 NOW $ 43,536,401 $ 40,090,252 Money market 53,750,747 64,859,044 Savings 43,903,240 40,158,833 Certificates of deposit, $250,000 or more 15,896,054 15,233,383 Other time deposits 98,306,849 79,581,789 $ 255,393,291 $ 239,923,301
Schedule Of Maturities Of Certificates of Deposit [Table Text Block]	As of December 31, 2017, certificates of deposit mature as follows: Year Amount 2018 $ 57,820,534 2019 30,745,897 2020 15,963,309 2021 5,507,825 2022 3,526,876 Thereafter 638,462 $ 114,202,903

Borrowed Funds (Tables)

Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	Borrowed funds consist of securities sold under repurchase agreements, which represent overnight or term borrowings from customers, advances from the FHLB of Atlanta, the Federal Reserve Bank of Richmond (the “FRB”), and overnight borrowings from a commercial bank. The government agency securities that are the collateral for these agreements are owned by the Company and maintained in the custody of an unaffiliated agent designated by the Company. Additional information is as follows: 2017 2016 Amounts outstanding at year-end: Securities sold under repurchase agreements $ 21,768,507 $ 27,226,159 Federal Home Loan Bank advances are summarized as follows: Maturity date Interest Rate Amount 1/17/2017 0.75 % $ - $ 1,000,000 4/21/2017 0.71 % - 1,000,000 1/16/2018 1.13 % 1,000,000 1,000,000 1/30/2018 1.25 % 2,000,000 - 2/12/2018 1.14 % 2,000,000 2,000,000 3/15/2018 1.17 % 2,000,000 - 5/24/2018 1.26 % 2,000,000 - 6/28/2018 1.69 % 3,000,000 - 8/13/2018 1.32 % 2,000,000 2,000,000 9/23/2019 1.25 % 2,000,000 2,000,000 11/22/2019 1.99 % 1,000,000 - Total $ 17,000,000 $ 9,000,000 Weighted average rate paid at December 31: Securities sold under repurchase agreements 0.65 % 0.63 % Federal Home Loan Bank advances 1.35 % 1.11 % Maximum month-end amount outstanding during the year ended December 31: Securities sold under repurchase agreements $ 30,786,064 $ 32,287,740 Federal Home Loan Bank advances 18,000,000 16,000,000 Average amount outstanding during the year ended December 31: Securities sold under repurchase agreements $ 24,702,931 $ 25,320,795 Federal Home Loan Bank advances 13,846,575 10,833,333 Borrowings from FRB and commercial banks 78,082 21,861 Average rate paid during the year ended December 31: Securities sold under repurchase agreements 0.66 % 0.64 % Federal Home Loan Bank advances 1.20 % 0.94 % Borrowings from FRB and commercial banks 1.64 % 0.67 % Investment securities underlying the repurchase agreements at December 31: Carrying value $ 22,363,793 $ 28,191,745 Estimated fair value 22,484,092 28,165,979 Loans and investment securities pledged to the Federal Home Loan Bank at December 31: Carrying value - loans $ 68,406,154 $ 69,998,207 Carrying value - investment securities 4,749,970 6,709,360 Loans pledged to the Federal Reserve Bank at December 31: Carrying value $ 40,717,623 $ 40,954,231

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Other Income and Expenses [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	Other noninterest expenses include the following: 2017 2016 Professional services $ 452,846 $ 311,702 Automated teller machine and debit card expenses 285,912 331,368 Advertising 236,564 217,116 Telephone 178,875 185,532 Directors fees 178,796 189,263 Postage, delivery, and armored carrier 172,607 179,344 Stationery, printing, and supplies 170,301 188,070 Internet banking fees 157,962 143,210 Federal Deposit Insurance Corporation premiums 125,943 147,940 Correspondent bank services 84,119 79,278 Travel and conferences 51,509 48,970 Liability insurance 49,332 46,917 Maryland state regulatory assessment 44,897 41,531 Dues and subscriptions 39,574 39,752 Remote deposit expenses 30,895 29,722 Insurance claims 27,413 - Other real estate owned 24,441 15,252 Credit reports 23,450 25,276 Contributions 23,439 23,160 Education and training 21,932 15,669 Other 92,851 97,422 $ 2,473,658 $ 2,356,494

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The components of income tax expense are as follows: 2017 2016 Current Federal $ 1,532,959 $ 1,353,410 State 406,410 364,394 1,939,369 1,717,804 Revaluation of deferred tax asset due to change in corporate tax rate 410,391 - Deferred (347,446) 309,016 $ 2,002,314 $ 2,026,820
Schedule of Components of Deferred Tax Expense Benefit [Table Text Block]	The components of the deferred tax expense are as follows: 2017 2016 Depreciation $ (62,449) $ (46,226) Provision for loan losses (132,991) 96,206 Other real estate owned allowance for loss (58,576) (23,075) Nonaccrual interest (3,633) (15,000) Prepaid captive insurance premium 13,781 393,735 Write-down of equity securities (592) - Post-retirement benefits (102,986) (96,624) $ (347,446) $ 309,016
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The components of the net deferred tax asset are as follows: Deferred tax assets Allowance for loan losses $ 627,127 $ 765,966 Other real estate owned allowance for loss 213,123 246,925 Write-down of equity securities 4,265 5,522 Nonaccrual interest 22,804 29,055 Post-retirement benefits 434,891 520,410 Unrealized loss on securities available for sale 149,671 182,588 1,451,881 1,750,466 Deferred tax liabilities Prepaid captive insurance premium 282,990 391,872 Depreciation 170,859 329,575 453,849 721,447 Net deferred tax asset $ 998,032 $ 1,029,019
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The differences between the federal income tax rate of 34% and the effective tax rate for the Company are reconciled as follows: Statutory federal income tax rate 34.0 % 34.0 % Increase (decrease) resulting from: Federal tax-exempt income (10.8) (4.9) State income taxes, net of federal income tax benefit 3.9 4.9 Nondeductible expenses 0.1 0.1 Revaluation of deferred tax asset due to change in corporate tax rate 7.1 - Other 0.3 - 34.6 % 34.1 %

Capital Standards (Tables)

Capital Standards (Tables)	12 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	The FDIC, through formal or informal agreement, has the authority to require an institution to maintain higher capital ratios than those provided by statute, to be categorized as well capitalized under the regulatory framework for prompt corrective action. Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2017 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 44,039 12.54 % $ 32,477 9.25 % $ 35,110 10.00 % Tier 1 capital (to risk-weighted assets) 41,580 11.84 % 25,455 7.25 % 28,088 8.00 % Common equity tier 1 (to risk-weighted assets) 41,580 11.84 % 20,188 5.75 % 22,822 6.50 % Tier 1 leverage (to average assets) 41,580 10.31 % 16,135 4.00 % 20,169 5.00 % Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2016 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 41,385 13.18 % $ 27,076 8.63 % $ 31,392 10.00 % Tier 1 capital (to risk-weighted assets) 39,022 12.43 % 20,797 6.63 % 25,114 8.00 % Common equity tier 1 (to risk- weighted assets) 39,022 12.43 % 16,089 5.13 % 20,405 6.50 % Tier 1 leverage (to average assets) 39,022 10.39 % 15,025 4.00 % 18,781 5.00 %

Fair Value (Tables)

Fair Value (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The following table summarizes financial assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2017 and 2016, segregated by the level of the valuation inputs within the fair value hierarchy utilized to measure fair value: Carrying Value: Level 1 Level 2 Level 3 Total December 31, 2017 Recurring Available for sale securities State and municipal $ - $ 1,539,207 $ - $ 1,539,207 Mutual Fund 503,881 - - 503,881 SBA pools - 3,199,846 - 3,199,846 Mortgage-backed securities - 23,190,457 - 23,190,457 $ 503,881 $ 27,929,510 $ - $ 28,433,391 Nonrecurring Other real estate owned $ - $ - $ 265,500 $ 265,500 Impaired loans - - 5,055,969 5,055,969 December 31, 2016 Recurring Available for sale securities State and municipal $ - $ 1,566,327 $ - $ 1,566,327 Mutual Fund 492,243 - - 492,243 SBA pools - 2,263,834 - 2,263,834 Mortgage-backed securities - 30,063,535 - 30,063,535 $ 492,243 $ 33,893,696 $ - $ 34,385,939 Nonrecurring Other real estate owned $ - $ - $ 414,000 $ 414,000 Impaired loans - - 3,318,577 3,318,577
Fair Value, Assets Measured on NonRecurring Basis, Unobservable Input Reconciliation [Table Text Block]	Reconciliation of Level 3 Inputs Other Real Impaired Estate Owned Loans December 31, 2016 balance $ 414,000 $ 3,318,577 Additions - 3,242,425 Advances - 1,382,256 Write-downs (148,500) (322,436) Loan loss provision - (103,046) Principal payments received - (2,461,807) December 31, 2017 balance $ 265,500 $ 5,055,969
Fair Value, by Balance Sheet Grouping [Table Text Block]	The estimated fair value of financial instruments that are reported at amortized cost in the Company’s consolidated balance sheets, segregated by the level of the valuation inputs were as follows: December 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 7,237,385 $ 7,237,385 $ 13,312,915 $ 13,312,915 Level 2 inputs Securities held to maturity 18,204,182 18,307,627 17,987,628 17,833,799 Mortgage loans held for sale 327,700 332,558 884,500 902,061 Federal Home Loan Bank stock 1,063,600 1,063,600 778,300 778,300 Level 3 inputs Loans, net 332,533,706 332,689,848 295,286,572 297,982,000 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 64,403,133 $ 64,403,133 $ 62,791,835 $ 62,791,835 Securities sold under repurchase agreements 21,768,507 21,768,507 27,226,159 27,226,159 Level 2 inputs Interest-bearing deposits 255,393,291 244,403,291 239,923,301 230,394,000 Federal Home Loan Bank advances 17,000,000 16,957,000 9,000,000 8,975,000

Parent Company Financial Info40

Parent Company Financial Information (Tables) - Parent Company [Member]	12 Months Ended
	Dec. 31, 2017
Condensed Balance Sheet [Table Text Block]	The condensed financial statements for the Company (parent only) are presented below: Balance Sheets December 31, 2017 2016 Assets Cash and cash equivalents $ 48,384 $ 52,086 Investment in subsidiaries 41,743,068 38,952,711 Other assets 7,480 7,480 $ 41,798,932 $ 39,012,277 Liabilities and Stockholders' Equity Stockholders' equity Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,667,813 shares in 2017 and 1,656,390 shares in 2016 16,678 16,564 Additional paid-in capital 26,869,796 26,562,919 Retained earnings 15,306,625 12,713,099 Accumulated other comprehensive income (394,167) (280,305) 41,798,932 39,012,277 $ 41,798,932 $ 39,012,277
Condensed Income Statement [Table Text Block]	Statements of Income Years Ended December 31, 2017 2016 Income Cash dividends from subsidiary $ 1,250,278 $ 696,301 Total income 1,250,278 696,301 Noninterest expense 455 22,000 Income before before income taxes and equity in undistributed income of subsidiaries 1,249,823 674,301 Income taxes (benefit) - (7,480) Income before before equity in undistributed income of subsidiaries 1,249,823 681,781 Equity in undistributed income of subsidiaries 2,539,418 3,227,348 $ 3,789,241 $ 3,909,129
Condensed Cash Flow Statement [Table Text Block]	Statements of Cash Flows Years Ended December 31, 2017 2016 Cash flows from operating activities Net Income $ 3,789,241 $ 3,909,129 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (2,539,418) (3,227,348) Other - (7,480) Cash provided by operating activities 1,249,823 674,301 Cash flows from investing activities Contibution of capital to subsdiaries (300,000) (25,675) Cash used by investing activities (300,000) (25,675) Cash flows from financing activities Dividends paid, net of reinvestments (953,525) (596,540) Cash provided by financing activities (953,525) (596,540) Net increase (decrease) in cash and cash equivalents (3,702) 52,086 Cash and cash equivalents at beginning of period 52,086 - Cash and cash equivalents at end of period $ 48,384 $ 52,086

Quarterly Results of Operatio41

Quarterly Results of Operations (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Table Text Block]	Three Months Ended Unaudited December 31 September 30 June 30 March 31 Interest income $ 4,264,414 $ 4,232,017 $ 4,121,760 $ 3,976,612 Interest expense 466,104 442,805 412,618 385,713 Net interest income 3,798,310 3,789,212 3,709,142 3,590,899 Provision for loan losses 60,000 225,000 75,000 50,000 Net income 656,339 1,014,456 1,134,889 983,557 Earnings per share - basic and diluted $ 0.39 $ 0.61 $ 0.69 $ 0.59 2016 December 31 September 30 June 30 March 31 Interest income $ 3,992,191 $ 3,856,566 $ 3,731,160 $ 3,771,580 Interest expense 368,885 340,099 322,540 314,596 Net interest income 3,623,306 3,516,467 3,408,620 3,456,984 Provision for loan losses - - - - Net income 1,016,101 1,040,372 916,188 936,468 Earnings per share - basic and diluted $ 0.61 $ 0.63 $ 0.56 $ 0.57

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details Textual) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Weighted Average Number of Shares Outstanding, Basic	1,658,384	1,652,014
First Community Bankers Insurance Co LLC [Member]
Equity Method Investment, Ownership Percentage	100.00%

Cash and Equivalents (Details T

Cash and Equivalents (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Federal Funds Sold	$ 5,991,573	$ 6,542,956
Cash, FDIC Insured Amount	$ 250,000

Investment Securities (Details)

Investment Securities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Available for sale, Amortized cost	$ 28,977,303	$ 34,848,831
Available for sale, Unrealized gains	47,356	82,651
Available for sale, Unrealized losses	591,268	545,543
Available for sale, Fair value	28,433,391	34,385,939
Held to maturity, Amortized cost	18,204,182	17,987,628
Held to maturity, Fair value	18,307,627	17,833,799
Mortgage-backed securities [Member]
Available for sale, Amortized cost	23,735,332	30,544,941
Available for sale, Unrealized gains	8,787	20,139
Available for sale, Unrealized losses	553,662	501,545
Available for sale, Fair value	23,190,457	30,063,535
SBA pools [Member]
Available for sale, Amortized cost	3,212,771	2,280,415
Available for sale, Unrealized gains	75	0
Available for sale, Unrealized losses	13,000	16,581
Available for sale, Fair value	3,199,846	2,263,834
Mutual fund [Member]
Available for sale, Amortized cost	518,352	507,612
Available for sale, Unrealized gains	0	0
Available for sale, Unrealized losses	14,471	15,369
Available for sale, Fair value	503,881	492,243
State and municipal [Member]
Available for sale, Amortized cost	1,510,848	1,515,863
Available for sale, Unrealized gains	38,494	62,512
Available for sale, Unrealized losses	10,135	12,048
Available for sale, Fair value	1,539,207	1,566,327
Held to maturity, Amortized cost	18,204,182	17,987,628
Held to maturity, Unrealized gains	225,349	163,239
Held to maturity, Unrealized losses	121,904	317,068
Held to maturity, Fair value	$ 18,307,627	$ 17,833,799

Investment Securities (Details

Investment Securities (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Available for Sale, Within one year, Amortized cost	$ 518,352	$ 507,612
Available for Sale, Over one to five years, Amortized cost	0	0
Available for Sale, Over five to ten years, Amortized cost	1,133,940	1,136,919
Available for Sale, Over ten years, Amortized cost	376,908	378,944
Available for Sale, Single Maturity Date, Amortized Cost	2,029,200	2,023,475
Available for Sale, Mortgage-backed securities and SBA pools, due in monthly installments, Amortised cost	26,948,103	32,825,356
Available-for-sale Securities, Amortized Cost	28,977,303	34,848,831
Available for Sale, Within one year, Fair value	503,881	492,243
Available for Sale, Over one to five years, Fair value	0	0
Available for Sale, Over five to ten years, Fair value	1,150,564	1,163,288
Available for Sale, Over ten years, Fair value	388,643	403,039
Available for Sale, Single Maturity Date, Fair value	2,043,088	2,058,570
Available for Sale, Mortgage-backed securities, due in monthly installments, Fair value	26,390,303	32,327,369
Available-for-sale Securities, Debt Securities, Fair value	28,433,391	34,385,939
Held to Maturity, Within one year, Amortised cost	165,677	0
Held to Maturity, Over one to five years, Amortised cost	780,336	0
Held to Maturity, Over five to ten years, Amortised cost	1,792,019	2,657,130
Held to Maturity, Over ten years, Amortised cost	15,466,150	15,330,498
Held to Maturity, Single maturity date, Amortised cost	18,204,182	17,987,628
Held to Maturity, Mortgage-backed securities, due in monthly installments, Amortised cost	0	0
Held to Maturity Securities, Amortised cost	18,204,182	17,987,628
Held to Maturity, Within one year, Fair value	168,260	0
Held to Maturity, Over one to five years, Fair value	794,512	0
Held to Maturity, Over five to ten years, Fair value	1,831,833	2,702,121
Held to Maturity, Over ten years, Fair value	15,513,022	15,131,678
Held to Maturity, Single maturity date, Fair value	18,307,627	17,833,799
Held to Maturity, Mortgage-backed securities, due in monthly installments, Fair value	0	0
Held-to-maturity Securities, Fair Value	$ 18,307,627	$ 17,833,799

Investment Securities (Detail46

Investment Securities (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Investment securities, Less than 12 months, Fair value	$ 4,236,007	$ 38,040,344
Investment securities, Less than 12 months, Unrealized losses	44,835	834,517
Investment securities, 12 months or more, Fair Value	25,629,667	1,353,900
Investment securities, 12 months or more, Unrealized losses	668,337	28,094
Investment securities, Total, Fair Value	29,865,674	39,394,244
Investment securities, Total, Unrealized losses	713,172	862,611
SBA pools [Member]
Investment securities, Less than 12 months, Fair value	551,780	2,263,834
Investment securities, Less than 12 months, Unrealized losses	1,903	16,581
Investment securities, 12 months or more, Fair Value	2,109,832	0
Investment securities, 12 months or more, Unrealized losses	11,097	0
Investment securities, Total, Fair Value	2,661,612	2,263,834
Investment securities, Total, Unrealized losses	13,000	16,581
Mortgage-backed securities [Member]
Investment securities, Less than 12 months, Fair value	2,871,597	26,726,037
Investment securities, Less than 12 months, Unrealized losses	41,413	473,451
Investment securities, 12 months or more, Fair Value	19,571,511	1,353,900
Investment securities, 12 months or more, Unrealized losses	512,249	28,094
Investment securities, Total, Fair Value	22,443,108	28,079,937
Investment securities, Total, Unrealized losses	553,662	501,545
Mutual fund [Member]
Investment securities, Less than 12 months, Fair value	0	492,243
Investment securities, Less than 12 months, Unrealized losses	0	15,369
Investment securities, 12 months or more, Fair Value	503,881	0
Investment securities, 12 months or more, Unrealized losses	14,471	0
Investment securities, Total, Fair Value	503,881	492,243
Investment securities, Total, Unrealized losses	14,471	15,369
State and municipal [Member]
Investment securities, Less than 12 months, Fair value	812,630	8,558,230
Investment securities, Less than 12 months, Unrealized losses	1,519	329,116
Investment securities, 12 months or more, Fair Value	3,444,443	0
Investment securities, 12 months or more, Unrealized losses	130,520	0
Investment securities, Total, Fair Value	4,257,073	8,558,230
Investment securities, Total, Unrealized losses	$ 132,039	$ 329,116

Investment Securities (Detail47

Investment Securities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2017
Trading Securities Pledged as Collateral	$ 39,818,557	$ 31,982,381
Proceeds from Sale and Maturity of Marketable Securities	$ 298,379

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Balance, beginning of year	$ 12,782,233	$ 13,148,726
Additions	5,921,920	3,987,121
Amounts collected	(3,126,837)	(4,205,038)
Change in related parties	0	(148,576)
Balance, end of year	$ 15,577,316	$ 12,782,233

Related Party Transactions (D49

Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Loans and Leases Receivable, Related Parties	$ 15,577,316	$ 12,782,233	$ 13,148,726
Payments to Fund Long-term Loans to Related Parties	10,278	2,697
Deposits	319,796,424	302,715,136
Director [Member]
Related Party Transaction [Line Items]
Letters of Credit Outstanding, Amount	6,534	6,534
Related Party [Member]
Related Party Transaction [Line Items]
Deposits	18,592,732	15,933,380
Unused lines of Credit [Member]
Related Party Transaction [Line Items]
Loans and Leases Receivable, Related Parties	$ 746,842	$ 2,220,128

Loans (Details)

Loans (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Gross	$ 335,595,916	$ 298,126,919
Less: Allowance for loan losses	2,458,911	2,363,086
Deferred origination fees net of costs	603,299	477,261
Loans and Leases Receivable, Net Amount	332,533,706	295,286,572
Commercial [Member]
Loans and Leases Receivable, Gross	23,613,543	22,152,773
Consumer [Member]
Loans and Leases Receivable, Gross	554,017	725,269
Real estate [Member] | Commercial Real estate [Member]
Loans and Leases Receivable, Gross	234,026,574	206,145,076
Real estate [Member] | Construction and land development [Member]
Loans and Leases Receivable, Gross	18,160,366	14,392,992
Real estate [Member] | Residential [Member]
Loans and Leases Receivable, Gross	$ 59,241,416	$ 54,710,809

Loans (Details 1)

Loans (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable, Variable rate, immediately	$ 55,901,161	$ 41,628,685
Loans and Leases Receivable, Due within one year	42,042,744	48,381,221
Loans and Leases Receivable, Due over one to five years	136,475,036	126,810,275
Loans and Leases Receivable, Due over five years	101,176,975	81,306,738
Loans and Leases Receivable, Gross	$ 335,595,916	$ 298,126,919

Loans (Details 2)

Loans (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Non-accrual loans, segregated by class of loans	$ 2,245,743	$ 752,889
Commercial [Member]
Non-accrual loans, segregated by class of loans	2,245,743	0
Construction and Land Development [Member]
Non-accrual loans, segregated by class of loans	$ 0	$ 752,889

Loans (Details 3)

Loans (Details 3) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 2,392,202	$ 1,626,162
Financing Receivable, Recorded Investment, Current	333,203,714	296,500,757
Loans and Leases Receivable, Total Loans	335,595,916	298,126,919
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	146,459	0
Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	2,245,743	0
Financing Receivable, Recorded Investment, Current	231,780,831	206,145,076
Loans and Leases Receivable, Total Loans	234,026,574	206,145,076
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Construction and Land Development [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	752,889
Financing Receivable, Recorded Investment, Current	18,160,366	13,640,103
Loans and Leases Receivable, Total Loans	18,160,366	14,392,992
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	146,459	824,554
Financing Receivable, Recorded Investment, Current	59,094,957	53,886,255
Loans and Leases Receivable, Total Loans	59,241,416	54,710,809
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	146,459	0
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	48,719
Financing Receivable, Recorded Investment, Current	23,613,543	22,104,054
Loans and Leases Receivable, Total Loans	23,613,543	22,152,773
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Current	554,017	725,269
Loans and Leases Receivable, Total Loans	554,017	725,269
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing	0	0
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	873,273
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Construction and Land Development [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	824,554
Financing Receivables, 30 to 59 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	48,719
Financing Receivables, 30 to 59 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Construction and Land Development [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	2,392,202	752,889
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	2,245,743	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Construction and Land Development [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	752,889
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member] | Real Estate Sector [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	146,459	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 0	$ 0

Loans (Details 4)

Loans (Details 4) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance	$ 5,458,182	$ 3,772,745
Recorded Investment With No Allowance	2,937,439	2,348,275
Recorded Investment With Allowance	2,245,743	994,469
Total Recorded Investment	5,183,182	3,342,744
Related Allowance	127,213	24,167
Average Recorded Investment	3,804,136	3,371,620
Interest Recognized	268,652	139,702
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment With No Allowance	$ 2,937,439	2,183,509
Recorded Investment With Allowance		241,580
Commercial Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance		164,766
Recorded Investment With No Allowance		164,766
Recorded Investment With Allowance		0
Total Recorded Investment		164,766
Related Allowance		0
Average Recorded Investment		184,201
Interest Recognized		14,442
Real Estate Sector [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance		2,455,090
Recorded Investment With No Allowance		2,183,509
Recorded Investment With Allowance		241,580
Total Recorded Investment		2,425,089
Related Allowance		7,580
Average Recorded Investment		2,332,568
Interest Recognized		125,260
Real Estate Sector [Member] | Construction and Land Development [Member]
Financing Receivable, Impaired [Line Items]
Unpaid Contractual Principal Balance		1,152,889
Recorded Investment With No Allowance		0
Recorded Investment With Allowance		752,889
Total Recorded Investment		752,889
Related Allowance		16,587
Average Recorded Investment		854,851
Interest Recognized		$ 0

Loans (Details 5)

Loans (Details 5) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 335,595,916	$ 298,126,919
Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,641,036	1,819,599
Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	7,768,089	12,773,247
Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	188,758,192	219,508,855
Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	108,873,597	43,852,711
Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,263,683	4,780,207
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,391,589	8,962,940
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,625,568	6,399,618
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,274,162	29,742
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	23,613,543	22,152,773
Commercial Portfolio Segment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,581,878	1,666,880
Commercial Portfolio Segment [Member] | Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	121,919	77,745
Commercial Portfolio Segment [Member] | Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,225,350	18,469,572
Commercial Portfolio Segment [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,545,562	1,228,598
Commercial Portfolio Segment [Member] | Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	138,834	545,212
Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	164,766
Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Commercial Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	554,017	725,269
Consumer Portfolio Segment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,210	42,577
Consumer Portfolio Segment [Member] | Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	96,484	121,306
Consumer Portfolio Segment [Member] | Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	351,093	476,465
Consumer Portfolio Segment [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	70,171	51,339
Consumer Portfolio Segment [Member] | Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,640	3,840
Consumer Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	28,419	29,742
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	234,026,574	206,145,076
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	6,115,925	9,584,756
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	127,639,361	147,668,371
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	79,619,726	32,474,566
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	9,041,882	3,883,813
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,391,589	8,644,563
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	3,972,348	3,889,007
Real estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,245,743	0
Real estate [Member] | Construction and Land Development [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	18,160,366	14,392,992
Real estate [Member] | Construction and Land Development [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate [Member] | Construction and Land Development [Member] | Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	173,633	178,078
Real estate [Member] | Construction and Land Development [Member] | Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	9,288,372	10,178,876
Real estate [Member] | Construction and Land Development [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	4,978,964	2,039,090
Real estate [Member] | Construction and Land Development [Member] | Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	3,719,397	0
Real estate [Member] | Construction and Land Development [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	153,611
Real estate [Member] | Construction and Land Development [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	1,843,337
Real estate [Member] | Construction and Land Development [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	59,241,416	54,710,809
Real estate [Member] | Residential Portfolio Segment [Member] | Excellent [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	53,948	110,142
Real estate [Member] | Residential Portfolio Segment [Member] | Above average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,260,128	2,811,362
Real estate [Member] | Residential Portfolio Segment [Member] | Average [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	35,254,016	42,715,571
Real estate [Member] | Residential Portfolio Segment [Member] | Acceptable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	18,659,174	8,059,118
Real estate [Member] | Residential Portfolio Segment [Member] | Pass watch [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	3,363,570	351,182
Real estate [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	0	0
Real estate [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	650,580	663,434
Real estate [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 0	$ 0

Loans (Details 6)

Loans (Details 6) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Beginning balance	$ 2,363,086	$ 2,583,445
Provision for loan losses	410,000	0
Charge offs	(322,436)	(330,485)
Recoveries	8,261	110,126
Ending balance	2,458,911	2,363,086
Allowance for loan losses ending balance evaluated for impairment: Individually	127,213	24,167
Allowance for loan losses ending balance evaluated for impairment: Collectively	2,331,698	2,338,919
Outstanding loan balances evaluated for impairment: Individually	5,183,182	3,342,744
Outstanding loan balances evaluated for impairment: Collectively	330,412,734	294,784,175
Residential Portfolio Segment [Member]
Beginning balance	247,437	322,084
Provision for loan losses	368	(184,773)
Charge offs	0	0
Recoveries	148	110,126
Ending balance	247,953	247,437
Allowance for loan losses ending balance evaluated for impairment: Individually	0	0
Allowance for loan losses ending balance evaluated for impairment: Collectively	247,953	247,437
Outstanding loan balances evaluated for impairment: Individually	0	0
Outstanding loan balances evaluated for impairment: Collectively	59,241,416	54,710,809
Consumer Portfolio Segment [Member]
Beginning balance	8,826	7,900
Provision for loan losses	(1,799)	926
Charge offs	0	0
Recoveries	0	0
Ending balance	7,027	8,826
Allowance for loan losses ending balance evaluated for impairment: Individually	0	0
Allowance for loan losses ending balance evaluated for impairment: Collectively	7,027	8,826
Outstanding loan balances evaluated for impairment: Individually	0	0
Outstanding loan balances evaluated for impairment: Collectively	554,017	725,269
Commercial Real Estate Loan [Member]
Beginning balance	1,717,749	1,718,256
Provision for loan losses	419,868	29,493
Charge offs	(275,000)	(30,000)
Recoveries	4,780	0
Ending balance	1,867,397	1,717,749
Allowance for loan losses ending balance evaluated for impairment: Individually	127,213	7,580
Allowance for loan losses ending balance evaluated for impairment: Collectively	1,740,184	1,710,169
Outstanding loan balances evaluated for impairment: Individually	5,183,182	2,425,089
Outstanding loan balances evaluated for impairment: Collectively	228,843,392	203,719,987
Construction Loans [Member]
Beginning balance	204,860	306,982
Provision for loan losses	65,850	97,878
Charge offs	(47,436)	(200,000)
Recoveries	0	0
Ending balance	223,274	204,860
Allowance for loan losses ending balance evaluated for impairment: Individually	0	16,587
Allowance for loan losses ending balance evaluated for impairment: Collectively	223,274	188,273
Outstanding loan balances evaluated for impairment: Individually	0	752,889
Outstanding loan balances evaluated for impairment: Collectively	18,160,366	13,640,103
Financial Receivable ,Commercial Loan [Member]
Beginning balance	125,260	132,362
Provision for loan losses	(41,240)	93,383
Charge offs	0	(100,485)
Recoveries	3,333	0
Ending balance	87,353	125,260
Allowance for loan losses ending balance evaluated for impairment: Individually	0	0
Allowance for loan losses ending balance evaluated for impairment: Collectively	87,353	125,260
Outstanding loan balances evaluated for impairment: Individually	0	164,766
Outstanding loan balances evaluated for impairment: Collectively	23,613,543	21,988,007
Financial Receivable ,Unallocated [Member]
Beginning balance	58,954	95,861
Provision for loan losses	(33,047)	(36,907)
Charge offs	0	0
Recoveries	0	0
Ending balance	25,907	58,954
Allowance for loan losses ending balance evaluated for impairment: Individually	0	0
Allowance for loan losses ending balance evaluated for impairment: Collectively	25,907	58,954
Outstanding loan balances evaluated for impairment: Individually	0	0
Outstanding loan balances evaluated for impairment: Collectively	$ 0	$ 0

Loans (Details Textual)

Loans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	$ 2,245,743	$ 752,889
Provision for Loan, Lease, and Other Losses	410,000	0
Financing Receivable, Allowance for Credit Losses, Write-downs	322,436	330,485
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,937,439	2,348,275
Impaired Financing Receivable, with Related Allowance, Recorded Investment	2,245,743	994,469
Participating Mortgage Loans, Participation Liabilities, Amount	31,700,000	31,000,000
Federal Reserve Bank Advances [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Pledged as Collateral	41,000,000
Federal Home Loan Bank of Atlanta [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Pledged as Collateral	64,000,000
Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	2,245,743	0
Provision for Loan, Lease, and Other Losses		7,580
Financing Receivable, Allowance for Credit Losses, Write-downs		30,000
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	2,937,439	2,183,509
Financing Receivable, Modifications, Recorded Investment		271,580
Impaired Financing Receivable, with Related Allowance, Recorded Investment		241,580
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, with No Related Allowance, Recorded Investment		164,766
Impaired Financing Receivable, with Related Allowance, Recorded Investment		0
Construction and Land Development [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Recorded Investment, Nonaccrual Status	0	752,889
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	82,070	38,028
Provision for Loan, Lease, and Other Losses	127,213	16,587
Financing Receivable, Allowance for Credit Losses, Write-downs	$ 275,000	$ 400,000

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment, Gross	$ 11,217,402	$ 11,103,159
Accumulated depreciation and amortization	6,011,131	5,653,481
Property, Plant and Equipment, Net	5,206,271	5,449,678
Depreciation and amortization expense	357,650	379,795
Land and Improvements [Member]
Property, Plant and Equipment, Gross	$ 1,952,998	1,952,998
Property, Plant and Equipment, Estimated Useful Lives	0 years
Building and Improvements [Member]
Property, Plant and Equipment, Gross	$ 5,659,635	5,659,635
Building and Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	39 years
Building and Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	15 years
Furniture and equipment [Member]
Property, Plant and Equipment, Gross	$ 3,604,769	$ 3,490,526
Furniture and equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives	10 years
Furniture and equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives	3 years

Premises and Equipment (Detai59

Premises and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill)	$ 126,538	$ 185,253
Amortization of Intangible Assets	$ 61,631	$ 69,100

Lease Commitments (Details)

Lease Commitments (Details)	Dec. 31, 2017USD ($)
2,018	$ 133,224
2,019	137,388
2,020	141,680
2,021	146,120
2,022	150,707
Thereafter	1,067,216
Operating Leases, Future Minimum Payments Due	$ 1,776,335

Lease Commitments (Details Text

Lease Commitments (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Leases, Rent Expense	$ 130,608	$ 128,200

Credit Commitments (Details)

Credit Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Letters of Credit [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	$ 1,827,513	$ 1,281,848
Loan Origination Commitments [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	9,433,500	22,329,407
Unused lines of Credit [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	40,005,063	30,527,535
Construction Loans [Member] | Loan Origination Commitments [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	0	250,000
Commercial Loan [Member] | Loan Origination Commitments [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	1,295,000	1,050,000
Commercial Real Estate [Member] | Loan Origination Commitments [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	7,478,500	17,134,718
Residential Portfolio Segment [Member] | Loan Origination Commitments [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	660,000	3,894,689
Home Equity Lines [Member] | Unused lines of Credit [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	3,390,515	3,345,309
Commercial lines [Member] | Unused lines of Credit [Member]
Loans and Leases Receivable, Commitments to Purchase or Sell	$ 36,614,548	$ 27,182,226

Retirement Plans (Details Textu

Retirement Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	4.00%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100.00%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 170,142	$ 165,224
Defined Benefit Plan, Net Periodic Benefit Cost	5,228	4,816
Supplemental Executive Retirement Plans [Member]
Defined Benefit Plan, Interest Cost	$ 255,859	$ 240,193

Interest-Bearing Deposits (Deta

Interest-Bearing Deposits (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
NOW	$ 43,536,401	$ 40,090,252
Money market	53,750,747	64,859,044
Savings	43,903,240	40,158,833
Certificates of deposit, $250,000 or more	15,896,054	15,233,383
Other time deposits	98,306,849	79,581,789
Interest-bearing Deposit Liabilities	$ 255,393,291	$ 239,923,301

Interest-Bearing Deposits (De65

Interest-Bearing Deposits (Details 1)	Dec. 31, 2017USD ($)
2,018	$ 57,820,534
2,019	30,745,897
2,020	15,963,309
2,021	5,507,825
2,022	3,526,876
Thereafter	638,462
Time Deposits	$ 114,202,903

Borrowed Funds (Details)

Borrowed Funds (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Securities sold under repurchase agreements	$ 21,768,507	$ 27,226,159
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Amount	$ 17,000,000	$ 9,000,000
Weighted average rate, federal Home Loan Bank advances (at percentage)	1.35%	1.11%
Federal Home Loan Bank advances	$ 18,000,000	$ 16,000,000
Federal Home Loan Bank, Advances, Activity for Year, Average Balance of Agreements Outstanding	$ 13,846,575	$ 10,833,333
Average rate, federal Home Loan Bank advances (at percentage)	1.20%	0.94%
Investment securities underlying the repurchase agreements at year end: Carrying value	$ 22,363,793	$ 28,191,745
Investment securities underlying the repurchase agreements at year end: Estimated fair value	22,484,092	28,165,979
Loans pledged to the Federal Home Loan Bank at year-end: Carrying value - loans	68,406,154	69,998,207
Loans pledged to the Federal Home Loan Bank at year-end: Carrying value - investment securities	4,749,970	6,709,360
Loans pledged to the Federal Reserve Bank at year-end: Carrying value	$ 40,717,623	40,954,231
Interest Rate 0.75% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	1/17/2017
Federal Home Loan Bank Interest Rate	0.75%
Federal Home Loan Bank Amount	$ 0	1,000,000
Interest Rate 0.71% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	4/21/2017
Federal Home Loan Bank Interest Rate	0.71%
Federal Home Loan Bank Amount	$ 0	1,000,000
Interest Rate 1.13% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	1/16/2018
Federal Home Loan Bank Interest Rate	1.13%
Federal Home Loan Bank Amount	$ 1,000,000	1,000,000
Interest Rate 1.25% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	1/30/2018
Federal Home Loan Bank Interest Rate	1.25%
Federal Home Loan Bank Amount	$ 2,000,000	0
Interest Rate 1.14% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	2/12/2018
Federal Home Loan Bank Interest Rate	1.14%
Federal Home Loan Bank Amount	$ 2,000,000	2,000,000
Interest Rate 1.17% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	3/15/2018
Federal Home Loan Bank Interest Rate	1.17%
Federal Home Loan Bank Amount	$ 2,000,000	0
Interest Rate 1.26% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	5/24/2018
Federal Home Loan Bank Interest Rate	1.26%
Federal Home Loan Bank Amount	$ 2,000,000	0
Interest Rate 1.69% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	6/28/2018
Federal Home Loan Bank Interest Rate	1.69%
Federal Home Loan Bank Amount	$ 3,000,000	0
Interest Rate 1.32% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	8/13/2018
Federal Home Loan Bank Interest Rate	1.32%
Federal Home Loan Bank Amount	$ 2,000,000	2,000,000
Interest Rate 1.25% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	9/23/2019
Federal Home Loan Bank Interest Rate	1.25%
Federal Home Loan Bank Amount	$ 2,000,000	2,000,000
Interest Rate 1.99% [Member]
Federal Home Loan Bank advances are summarized as follows:
Federal Home Loan Bank Maturity date	11/22/2019
Federal Home Loan Bank Interest Rate	1.99%
Federal Home Loan Bank Amount	$ 1,000,000	$ 0
Securities sold under repurchase agreements [Member]
Federal Home Loan Bank advances are summarized as follows:
Weighted average rate, securities sold under repurchase agreements (at percentage)	0.65%	0.63%
Securities sold under repurchase agreements	$ 30,786,064		$ 32,287,740
Short-term Debt, Average Outstanding Amount	$ 24,702,931		$ 25,320,795
Average rate, securities sold under repurchase agreements (at percentage)	0.66%		0.64%
Borrowings from FRB and Commercial Banks [Member]
Federal Home Loan Bank advances are summarized as follows:
Short-term Debt, Average Outstanding Amount	$ 78,082		$ 21,861
Average rate, securities sold under repurchase agreements (at percentage)	1.64%		0.67%

Borrowed Funds (Details Textual

Borrowed Funds (Details Textual) $ in Millions	Dec. 31, 2017USD ($)
Federal Reserve Bank Advances [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 30.1
Secured Line of Credit [Member]
Long-term Line of Credit	2
Secured Line of Credit [Member] | Federal Home Loan Bank of Atlanta [Member]
Line of Credit Facility, Maximum Borrowing Capacity	52.9
Unsecured Line of Credit [Member]
Long-term Line of Credit	$ 9

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Other Noninterest Expense	$ 2,473,658	$ 2,356,494
Insurance Claims [Member]
Other Noninterest Expense	27,413	0
Automated teller machine and debit card expenses [Member]
Other Noninterest Expense	285,912	331,368
Professional services [Member]
Other Noninterest Expense	452,846	311,702
Advertising [Member]
Other Noninterest Expense	236,564	217,116
Directors fees [Member]
Other Noninterest Expense	178,796	189,263
Stationery, printing, and supplies [Member]
Other Noninterest Expense	170,301	188,070
Telephone [Member]
Other Noninterest Expense	178,875	185,532
Postage, delivery, and armored carrier [Member]
Other Noninterest Expense	172,607	179,344
Federal Deposit Insurance Corporation premiums [Member]
Other Noninterest Expense	125,943	147,940
Internet banking fees [Member]
Other Noninterest Expense	157,962	143,210
Correspondent bank services [Member]
Other Noninterest Expense	84,119	79,278
Travel and conferences [Member]
Other Noninterest Expense	51,509	48,970
Liability insurance [Member]
Other Noninterest Expense	49,332	46,917
Maryland state regulatory assessment [Member]
Other Noninterest Expense	44,897	41,531
Dues and subscriptions [Member]
Other Noninterest Expense	39,574	39,752
Remote deposit expenses [Member]
Other Noninterest Expense	30,895	29,722
Credit reports [Member]
Other Noninterest Expense	23,450	25,276
Contributions [Member]
Other Noninterest Expense	23,439	23,160
Education and training [Member]
Other Noninterest Expense	21,932	15,669
Other real estate owned [Member]
Other Noninterest Expense	24,441	15,252
Other Miscellaneous [Member]
Other Noninterest Expense	$ 92,851	$ 97,422

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current
Federal	$ 1,532,959	$ 1,353,410
State	406,410	364,394
Current Income Tax Expense (Benefit), Total	1,939,369	1,717,804
Revaluation of deferred tax asset due to change in corporate tax rate	410,391	0
Deferred	(347,446)	307,153
Income Tax Expense (Benefit), Total	$ 2,002,314	$ 2,026,820

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Depreciation	$ (62,449)	$ (46,226)
Provision for loan losses	(132,991)	96,206
Other real estate owned allowance for loss	(58,576)	(23,075)
Nonaccrual interest	(3,633)	(15,000)
Prepaid captive insurance premium	13,781	393,735
Write-down of equity securities	(592)	0
Post-retirement benefits	(102,986)	(96,624)
Deferred Income Tax Expense (Benefit), Total	(347,446)	307,153
Deferred tax assets
Allowance for loan losses	627,127	765,966
Other real estate owned allowance for loss	213,123	246,925
Write-down of equity securities	4,265	5,522
Nonaccrual interest	22,804	29,055
Post-retirement benefits	434,891	520,410
Unrealized loss on securities available for sale	149,671	182,588
Deferred Tax Assets, Net of Valuation Allowance, Total	1,451,881	1,750,466
Deferred tax liabilities
Prepaid captive insurance premium	282,990	391,872
Depreciation	170,859	329,575
Deferred Tax Liabilities, Total	453,849	721,447
Net deferred tax asset, Total	$ 998,032	$ 1,029,019

Income Taxes (Details 2)

Income Taxes (Details 2)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Statutory federal income tax rate	34.00%	34.00%
Increase (decrease) resulting from:
Federal tax-exempt income	(10.80%)	(4.90%)
State income taxes, net of federal income tax benefit	3.90%	4.90%
Nondeductible expenses	0.10%	0.10%
Revaluation of deferred tax asset due to change in corporate tax rate	7.10%	0.00%
Other	0.30%	0.00%
Effective Income Tax Rate Reconciliation, Percent	34.60%	34.10%

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI for Write-down of Securities, Tax		$ 64,801
Revaluation of Deferred Tax Asset Due to Change in Corporate Income Tax Rate		$ 410,391	$ 0
Scenario, Plan [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%

Capital Standards (Details)

Capital Standards (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Dec. 31, 2016
Total capital (to risk-weighted assets), Actual Amount	$ 44,039	$ 41,385
Total capital (to risk-weighted assets), Actual Ratio	12.54%	13.18%
Total capital (to risk-weighted assets), Minimum Capital Adequacy Amount	$ 32,477	$ 27,076
Total capital (to risk-weighted assets), Minimum Capital Adequacy Ratio	9.25%	8.63%
Total capital (to risk-weighted assets),To Be Well Capitalized Amount	$ 35,110	$ 31,392
Total capital (to risk-weighted assets),To Be Well Capitalized Ratio	10.00%	10.00%
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 41,580	$ 39,022
Tier 1 capital (to risk-weighted assets), Actual Ratio	11.84%	12.43%
Tier 1 capital (to risk-weighted assets), Minimum Capital Adequacy Amount	$ 25,455	$ 20,797
Tier 1 capital (to risk-weighted assets), Minimum Capital Adequacy Ratio	7.25%	6.63%
Tier 1 capital (to risk-weighted assets),To Be Well Capitalized Amount	$ 28,088	$ 25,114
Tier 1 capital (to risk-weighted assets),To Be Well Capitalized Ratio	8.00%	8.00%
Common equity tier 1 (to risk- weighted assets), Actual Amount	$ 41,580	$ 39,022
Common equity tier 1 (to risk- weighted assets), Actual Ratio	11.84%	12.43%
Common equity tier 1 (to risk- weighted assets), Minimum Capital Adequacy Amount	$ 20,188	$ 16,089
Common equity tier 1 (to risk- weighted assets), Minimum Capital Adequacy Ratio	5.75%	5.13%
Common equity tier 1 (to risk- weighted assets),To Be Well Capitalized Amount	$ 22,822	$ 20,405
Common equity tier 1 (to risk- weighted assets),To Be Well Capitalized Ratio	6.50%	6.50%
Tier 1 leverage (to average assets), Actual Amount	$ 41,580	$ 39,022
Tier 1 leverage (to average assets), Actual Ratio	10.31%	10.39%
Tier 1 leverage (to average assets), Minimum Capital Adequacy Amount	$ 16,135	$ 15,025
Tier 1 leverage (to average assets), Minimum Capital Adequacy Ratio	4.00%	4.00%
Tier 1 leverage (to average assets),To Be Well Capitalized Amount	$ 20,169	$ 18,781
Tier 1 leverage (to average assets),To Be Well Capitalized Ratio	5.00%	5.00%

Capital Standards (Details Text

Capital Standards (Details Textual)	12 Months Ended
	Dec. 31, 2017
Description of Regulatory Requirements, Capital Adequacy Purposes	The implementation of the capital conservation buffer began on January 1, 2016, at the 0.625% level and will be phased in over a four-year period (increasing by that amount on each subsequent January 1, until it reaches 2.5% on January 1, 2019).

Fair Value (Details)

Fair Value (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Available for sale securities
Assets, Fair Value Disclosure, Recurring	$ 28,433,391	$ 34,385,939
Assets, Fair Value Disclosure, Nonrecurring	265,500
Other real estate owned [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring	265,500	414,000
Impaired Loans [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring	5,055,969	3,318,577
Mutual Fund [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	503,881	492,243
SBA pools [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	3,199,846	2,263,834
US Treasury and Government [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	1,539,207	1,566,327
Collateralized Mortgage Backed Securities [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	23,190,457	30,063,535
Fair Value, Inputs, Level 1 [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	503,881	492,243
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 1 [Member] | Other real estate owned [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring		0
Fair Value, Inputs, Level 1 [Member] | Impaired Loans [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	503,881	492,243
Fair Value, Inputs, Level 1 [Member] | SBA pools [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | US Treasury and Government [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	27,929,510	33,893,696
Assets, Fair Value Disclosure, Nonrecurring	0	0
Fair Value, Inputs, Level 2 [Member] | Other real estate owned [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring		0
Fair Value, Inputs, Level 2 [Member] | Impaired Loans [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring	0
Fair Value, Inputs, Level 2 [Member] | Mutual Fund [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 2 [Member] | SBA pools [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	3,199,846	2,263,834
Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	1,539,207	1,566,327
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	23,190,457	30,063,535
Fair Value, Inputs, Level 3 [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Assets, Fair Value Disclosure, Nonrecurring	265,500
Fair Value, Inputs, Level 3 [Member] | Other real estate owned [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring		414,000
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Available for sale securities
Assets, Fair Value Disclosure, Nonrecurring	5,055,969	3,318,577
Fair Value, Inputs, Level 3 [Member] | Mutual Fund [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | SBA pools [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | US Treasury and Government [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	0	0
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member]
Available for sale securities
Assets, Fair Value Disclosure, Recurring	$ 0	$ 0

Fair Value (Details 1)

Fair Value (Details 1)	12 Months Ended
	Dec. 31, 2017USD ($)
Ending Balance	$ 265,500
Other real estate owned [Member]
Beginning balance	414,000
Additions	0
Advances	0
Write-downs	(148,500)
Loan loss provision	0
Principal payments received	0
Ending Balance	265,500
Impaired Loans [Member]
Beginning balance	3,318,577
Additions	3,242,425
Advances	1,382,256
Write-downs	(322,436)
Loan loss provision	(103,046)
Principal payments received	(2,461,807)
Ending Balance	$ 5,055,969

Fair Value (Details 2)

Fair Value (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Financial assets
Cash and cash equivalents, Carrying Value	$ 7,237,385	$ 13,312,915	$ 20,192,839
Securities held to maturity, Carrying Value	18,204,182	17,987,628
Federal Home Loan Bank stock, Carrying Value	1,063,600	778,300
Loans, net, Carrying Value	332,533,706	295,286,572
Financial liabilities
Noninterest-bearing deposits, Carrying Value	64,403,133	62,791,835
Securities sold under repurchase agreements, Carrying Value	21,768,507	27,226,159
Interest-bearing deposits, Carrying Value	255,393,291	239,923,301
Federal Home Loan Bank advances, Carrying Value	17,000,000	9,000,000
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and cash equivalents, Carrying Value	7,237,385	13,312,915
Cash and cash equivalents, Estimated Fair Value	7,237,385	13,312,915
Financial liabilities
Noninterest-bearing deposits, Carrying Value	64,403,133	62,791,835
Securities sold under repurchase agreements, Carrying Value	21,768,507	27,226,159
Noninterest-bearing deposits, Estimated Fair Value	64,403,133	62,791,835
Securities sold under repurchase agreements, Estimated Fair Value	21,768,507	27,226,159
Fair Value, Inputs, Level 2 [Member]
Financial assets
Securities held to maturity, Carrying Value	18,204,182	17,987,628
Mortgage loans held for sale, Carrying Value	327,700	884,500
Federal Home Loan Bank stock, Carrying Value	1,063,600	778,300
Securities held to maturity, Estimated Fair Value	18,307,627	17,833,799
Mortgage loans held for sale, Estimated Fair Value	332,558	902,061
Federal Home Loan Bank stock, Estimated Fair Value	1,063,600	778,300
Financial liabilities
Interest-bearing deposits, Carrying Value	255,393,291	239,923,301
Federal Home Loan Bank advances, Carrying Value	17,000,000	9,000,000
Interest-bearing deposits, Estimated Fair Value	244,403,291	230,394,000
Federal Home Loan Bank advances, Estimated Fair Value	16,957,000	8,975,000
Fair Value, Inputs, Level 3 [Member]
Financial assets
Loans, net, Carrying Value	332,533,706	295,286,572
Loans, net, Estimated Fair Value	$ 332,689,848	$ 297,982,000

Parent Company Financial Info78

Parent Company Financial Information (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Assets
Assets	$ 402,904,469	$ 379,831,359
Cash and Cash Equivalents, at Carrying Value	7,237,385	13,312,915	$ 20,192,839
Other assets	622,856	2,524,842
Stockholders' equity
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,667,813 shares in 2017 and 1,656,390 shares in 2016	16,678	16,564
Additional Paid in Capital	26,869,796	26,562,919
Retained earnings	15,306,625	12,713,099
Accumulated other comprehensive income	(394,167)	(280,305)
Stockholders' Equity Attributable to Parent	41,798,932	39,012,277	36,223,361
Liabilities and Equity	402,904,469	379,831,359
Parent Company [Member]
Assets
Assets	41,798,932	39,012,277
Cash and Cash Equivalents, at Carrying Value	48,384	52,086	$ 0
Investment in subsidiaries	41,743,068	38,952,711
Other assets	7,480	7,480
Stockholders' equity
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 1,667,813 shares in 2017 and 1,656,390 shares in 2016	16,678	16,564
Additional Paid in Capital	26,869,796	26,562,919
Retained earnings	15,306,625	12,713,099
Accumulated other comprehensive income	(394,167)	(280,305)
Stockholders' Equity Attributable to Parent	41,798,932	39,012,277
Liabilities and Equity	$ 41,798,932	$ 39,012,277

Parent Company Financial Info79

Parent Company Financial Information (Details) (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Shares, Issued	1,667,813	1,656,390
Common Stock, Shares, Outstanding	1,667,813	1,656,390
Parent Company [Member]
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Shares, Issued	1,667,813	1,656,390
Common Stock, Shares, Outstanding	1,667,813	1,656,390

Parent Company Financial Info80

Parent Company Financial Information (Details 1) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income
Total income	$ 4,264,414	$ 4,232,017	$ 4,121,760	$ 3,976,612	$ 3,992,191	$ 3,856,566	$ 3,731,160	$ 3,771,580	$ 16,594,803	$ 15,351,497
Noninterest Expense									10,023,102	9,534,625
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest									5,791,555	5,935,949
Net Income (Loss) Attributable to Parent	$ 656,339	$ 1,014,456	$ 1,134,889	$ 983,557	$ 1,016,101	$ 1,040,372	$ 916,188	$ 936,468	3,789,241	3,909,129
Parent Company [Member]
Income
Cash dividends from subsidiary									1,250,278	696,301
Total income									1,250,278	696,301
Noninterest Expense									455	22,000
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest									1,249,823	674,301
Income taxes (benefit)									0	(7,480)
Income before before equity in undistributed income of subsidiaries									1,249,823	681,781
Equity in undistributed income of subsidiaries									2,539,418	3,227,348
Net Income (Loss) Attributable to Parent									$ 3,789,241	$ 3,909,129

Parent Company Financial Info81

Parent Company Financial Information (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net Income	$ 656,339	$ 1,014,456	$ 1,134,889	$ 983,557	$ 1,016,101	$ 1,040,372	$ 916,188	$ 936,468	$ 3,789,241	$ 3,909,129
Adjustments to reconcile net income to net cash provided by operating activities:
Cash provided by operating activities									7,908,233	2,438,682
Cash flows from investing activities
Cash used by investing activities									(32,653,874)	(39,862,514)
Cash flows from financing activities
Dividends paid, net of reinvestments									953,525	942,031
Cash provided by financing activities									18,670,111	30,543,908
Net increase (decrease) in cash and cash equivalents									(6,075,530)	(6,879,924)
Cash and cash equivalents at beginning of period				13,312,915				20,192,839	13,312,915	20,192,839
Parent Company [Member]
Cash flows from operating activities
Net Income									3,789,241	3,909,129
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiaries									2,539,418	3,227,348
Other									0	(7,480)
Cash provided by operating activities									1,249,823	674,301
Cash flows from investing activities
Contibution of capital to subsdiaries									(300,000)	(25,675)
Cash used by investing activities									(300,000)	(25,675)
Cash flows from financing activities
Dividends paid, net of reinvestments									(953,525)	(596,540)
Cash provided by financing activities									(953,525)	(596,540)
Net increase (decrease) in cash and cash equivalents									(3,702)	52,086
Cash and cash equivalents at beginning of period				$ 52,086				$ 0	52,086	0
Cash and cash equivalents at end of period	$ 48,384				$ 52,086				$ 48,384	$ 52,086

Quarterly Results of Operatio82

Quarterly Results of Operations (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Interest income	$ 4,264,414	$ 4,232,017	$ 4,121,760	$ 3,976,612	$ 3,992,191	$ 3,856,566	$ 3,731,160	$ 3,771,580	$ 16,594,803	$ 15,351,497
Interest expense	466,104	442,805	412,618	385,713	368,885	340,099	322,540	314,596	1,707,240	1,346,120
Net interest income	3,798,310	3,789,212	3,709,142	3,590,899	3,623,306	3,516,467	3,408,620	3,456,984	14,887,563	14,005,377
Provision for loan losses	60,000	225,000	75,000	50,000	0	0	0	0	410,000	0
Net income	$ 656,339	$ 1,014,456	$ 1,134,889	$ 983,557	$ 1,016,101	$ 1,040,372	$ 916,188	$ 936,468	$ 3,789,241	$ 3,909,129
Earnings per share - basic and diluted	$ 0.39	$ 0.61	$ 0.69	$ 0.59	$ 0.61	$ 0.63	$ 0.56	$ 0.57	$ 2.28	$ 2.37