SSB Bancorp (SSBP) 10-Q 14 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 13, 2019
Document And Entity Information
Entity Registrant Name	SSB Bancorp, Inc.
Entity Central Index Key	0001716188
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,259,265
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 3,201,468	$ 2,428,542
Interest-bearing deposits with other financial institutions	14,775,733	6,605,528
Cash and cash equivalents	17,977,201	9,034,070
Certificates of deposit	2,715,000	846,000
Securities available for sale	5,506,076	9,068,101
Securities held to maturity (fair value of $5,148, and $6,478, respectively)	5,085	6,394
Loans	159,432,287	159,654,582
Allowance for loan losses	(1,157,109)	(1,124,925)
Net loans	158,275,178	158,529,657
Accrued interest receivable	676,572	639,474
Federal Home Loan Bank stock, at cost	2,763,800	2,651,400
Premises and equipment, net	4,300,308	4,335,514
Bank-owned life insurance	2,461,577	2,429,014
Deferred tax asset, net	278,696	312,623
Prepaid reorganization and stock issuance costs
Other assets	903,131	940,098
TOTAL ASSETS	195,862,624	188,792,345
Deposits:
Noninterest-bearing demand	7,649,012	5,698,782
Interest-bearing demand	10,915,882	8,386,431
Money market	30,397,838	16,020,446
Savings	1,396,278	12,883,970
Time	91,931,250	93,119,137
Total deposits	142,290,260	136,108,766
Federal Home Loan Bank advances	31,374,500	31,374,500
Advances by borrowers for taxes and insurance	1,011,427	685,195
Accrued interest payable	310,443	255,486
Other liabilities	188,262	49,311
TOTAL LIABILITIES	175,174,892	168,473,258
STOCKHOLDERS' EQUITY
Preferred Stock: $0.01 par value per share: 5,000,000 shares authorized and no shares issued or outstanding
Common Stock: 20,000,000 shares authorized and 2,259,265 shares issued and outstanding at $0.01 par value	22,486	22,483
Paid-in capital	8,694,666	8,692,971
Retained earnings	12,732,784	12,515,501
Unearned Employee Stock Ownership Plan (ESOP)	(815,213)	(837,245)
Accumulated other comprehensive loss	53,009	(74,623)
TOTAL STOCKHOLDERS' EQUITY	20,687,732	20,319,087
TOTAL LIABILITIES AND STOCKHOLERS' EQUITY	$ 195,862,624	$ 188,792,345

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Fair value of held-to-maturity securities	$ 5,148	$ 6,478
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	2,259,265	2,259,265
Common stock, shares outstanding	2,259,265	2,259,265
Common stock, par value	$ 0.01	$ 0.01

Consolidated Statements of Net

Consolidated Statements of Net Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
INTEREST INCOME
Loans, including fees	$ 1,839,325	$ 1,518,966	$ 3,671,571	$ 3,087,947
Interest-bearing deposits with other financial institutions	95,780	22,028	161,114	33,907
Certificates of deposit	6,881	4,224	11,198	7,494
Investment securities:
Taxable	86,664	44,680	195,828	86,827
Exempt from federal income tax	7,276	8,294	15,509	16,879
Total interest income	2,035,926	1,598,192	4,055,220	3,233,054
INTEREST EXPENSE
Deposits	707,936	504,663	1,417,044	973,701
Federal Home Loan Bank advances and other bank obligations	205,108	155,588	421,748	309,641
Total interest expense	913,044	660,251	1,838,792	1,283,342
NET INTEREST INCOME	1,122,882	937,941	2,216,428	1,949,712
Provision for loan losses	50,000	25,000	95,500	65,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,072,882	912,941	2,120,928	1,884,712
NONINTEREST INCOME
Securities gains, net	44,802		50,593
Provision for loss on loans held for sale
Gain on sale of loans	71,830	70,659	136,461	94,679
Loan servicing fees	40,263	34,109	79,677	68,829
Earnings on bank-owned life insurance	16,443	17,826	32,563	35,258
Other	18,225	12,113	31,547	27,695
Total noninterest income	191,563	134,707	330,841	226,461
NONINTEREST EXPENSE
Salaries and employee benefits	598,031	452,062	1,060,658	827,595
Occupancy	99,486	96,048	199,838	187,109
Professional fees	130,610	163,402	263,285	412,599
Federal deposit insurance	60,000	43,500	109,000	88,500
Data processing	110,554	73,013	206,896	150,086
Director fees	31,454	37,794	63,948	70,288
Contributions and donations	19,200	16,550	36,719	32,850
Other	115,017	118,277	265,332	237,817
Total noninterest expense	1,160,487	1,000,646	2,201,811	2,006,844
Income before income taxes	100,093	47,002	246,093	104,329
Provision for income taxes	(4,477)	(24,535)	28,810	(14,464)
NET INCOME	$ 104,570	$ 71,537	$ 217,283	$ 118,793
EARNINGS PER COMMON SHARE
Basic	$ 0.05	$ 0.03	$ 0.10
Diluted	$ 0.05	$ 0.03	$ 0.10
AVERAGE COMMON SHARES OUTSTANDING
Basic	2,166,072	2,161,220	2,165,491
Diluted	2,166,292	2,161,220	2,166,174
DIVIDENDS DECLARED PER COMMON SHARE
COMPREHENSIVE INCOME	$ 123,783	$ 71,151	$ 344,915	$ 95,558

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 104,570	$ 71,537	$ 217,283	$ 118,793
Other comprehensive income (loss):
Net change in unrealized gain (loss) on available-for-sale securities	69,122	(891)	212,153	(29,813)
Income tax effect	(14,515)	505	(44,552)	6,578
Reclassification adjustment for net securities (gains) losses recognized in income	(44,802)		(50,593)
Income tax effect included in provision for income taxes	9,408		10,624
Other comprehensive income (loss), net of tax	19,213	(386)	127,632	(23,235)
Total comprehensive income	$ 123,783	$ 71,151	$ 344,915	$ 95,558

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Paid-in Capital [Member]	Retained Earnings [Member]	Unearned Employee Stock Ownership Plan [Member]	Accumulated Other Comprehensive (Gain) Loss [Member]	Total
Balance at Dec. 31, 2017			$ 12,135,085		$ (23,487)	$ 12,111,598
Net income			380,416			380,416
Other comprehensive income					(51,136)	(51,136)
Net proceeds from stock offering (2,248,250 shares issued)	22,483	8,696,044				8,718,527
Purchase of ESOP shares (88,131 shares purchased)				(881,310)		(881,310)
Amortization of ESOP		(3,073)		44,065		40,992
Balance at Dec. 31, 2018	22,483	8,692,971	12,515,501	(837,245)	(74,623)	20,319,087
Net income			217,283			217,283
Other comprehensive income					127,632	127,632
Refund on offering expenses		1,005				1,005
Stock compensation plan	3	3,865				3,865
Amortization of ESOP		(3,172)		22,032		18,860
Balance at Jun. 30, 2019	$ 22,486	$ 8,694,666	$ 12,735,837	$ (815,213)	$ 53,009	$ 20,687,732

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Number of common stock share issued		2,248,250
Number of ESOP share issued	88,131	88,131

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 104,570	$ 71,537	$ 217,283	$ 118,793	$ 380,416
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	50,000	25,000	95,500	65,000
Depreciation			84,728	76,089
Net amortization of investment securities			16,997	5,591
Loss on sale of portfolio loans			12,178
Origination of loans held for sale			(5,196,550)	(4,849,800)
Proceeds from sale of loans			5,345,189	4,944,480
Gain on sale of loans			(148,639)	(94,680)
Gain on other real estate owned			(380)
Amortization of net deferred loan origination costs			46,858	26,726
Deferred income tax provision			10,625	8,901
Gain on sale of investments			(50,593)
Decrease (increase)in accrued interest receivable			(37,098)	4,548
Increase in accrued interest payable			54,957	22,887
Stock compensation expense			3,865
Amortization of ESOP			18,860	20,623
Increase in bank owned life insurance			(32,563)	(35,258)
Other, net			105,360	(130,611)
Net cash provided by (used in) operating activities			546,577	183,289
INVESTING ACTIVITIES
Purchase of certificates of deposit			(2,217,000)	(248,000)
Redemption of certificates of deposit			348,000	100,000
Investment securities available for sale:
Purchases				(557,780)
Proceeds from sales			2,943,675
Proceeds from principal repayments, calls, and maturities			813,506	154,300
Investment securities held to maturity:
Proceeds from principal repayments, calls, and maturities			1,309	1,803
Redemption of Federal Home Loan Bank stock			32,800	24,100
Purchase of Federal Home Loan Bank stock			(145,200)	(171,800)
Purchases of loans			(1,238,400)	(3,621,714)
Decrease (increase) in loans receivable, net			(2,231,184)	(6,248,328)
Proceeds from sale of portfolio loans			3,569,527
Proceeds from sale of other real estate owned			60,312
Purchases of premises and equipment			(49,522)	(87,637)
Net cash (used for) provided by investing activities			1,887,823	(10,655,056)
FINANCING ACTIVITIES
Increase (decrease) in deposits, net			6,181,494	(7,515,129)
Increase in advances by borrowers for taxes and insurance			326,232	306,173
Net proceeds from stock offering				8,782,278
Refund on offering expenses			1,005
Purchase of ESOP shares				(881,310)
Repayment of Federal Home Loan Bank advances				(6,250,000)
Proceeds from Federal Home Loan Bank advances				6,000,000
Decrease in prepaid reorgainization and stock issuance costs				837,944
Net cash provided by (used in) financing activities			6,508,731	1,279,956
Increase (decrease) in cash and cash equivalents			8,943,131	(9,191,811)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD			9,034,070	16,478,066	16,478,066
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 17,977,201	$ 7,286,255	17,977,201	7,286,255	$ 9,034,070
Cash paid during the year for:
Interest			1,783,835	1,260,455
Income taxes			22,622	74,390
Noncash investing activities:
Loans held for sale transferred to loans held for investment
Loans held for investment transferred to loans held for sale			$ 3,581,705

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	1. NATURE OF OPERATIONS AND BASIS OF PRESENTATION SSB Bancorp, Inc. SSB Bancorp, Inc. (the “Company”) was incorporated on August 17, 2017 to serve as the subsidiary stock holding company for SSB Bank upon the reorganization of SSB Bank into a mutual holding company structure (the “Reorganization”). The Reorganization was completed effective January 24, 2018, with SSB Bank becoming the wholly-owned subsidiary of SSB Bancorp, Inc., and SSB Bancorp, Inc. becoming the majority-owned subsidiary of SSB Bancorp, MHC. In connection with the Reorganization, the Company sold 1,011,712 shares of common stock at an offering price of $10 per share. The Company’s stock began being quoted for listing on the OTC Pink Market on January 25, 2018, under the symbol “SSBP”. Also, in connection with the Reorganization, the Bank established an employee stock ownership plan (the “ESOP”), which purchased 88,131 shares of the Company’s common stock at a price of $10 per share. In the Reorganization, the Company also issued 1,236,538 shares of its common stock to SSB Bancorp, MHC. SSB Bank SSB Bank (the “Bank”) provides a variety of financial services to individuals and corporate customers through its offices in Pittsburgh, Pennsylvania. The Bank’s primary deposit products are passbook savings accounts, money market accounts, and certificates of deposit. Its primary lending products are commercial mortgage loan and single-family residential loans. The Bank is subject to regulation and supervision by the Federal Deposit Insurance Corporation (FDIC) and the Pennsylvania Department of Banking and Securities. The interim consolidated financial statements at June 30, 2019, and for the three and six months ended June 30, 2019 and 2018, are unaudited and reflect all normal recurring adjustments that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods presented. Such adjustments are the only adjustments reflected in the accompanying interim financial statements. The results of operations for the three and six months ended June 30, 2019, are not necessarily indicative of the results to be achieved for the remainder of the year ending December 31, 2019, or any other period. The financial statements at December 31, 2018, are audited. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Balance Sheet and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. For further information, refer to the audited consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018, as amended. The consolidated financial statements include the accounts of SSB Bancorp, Inc. and SSB Bank. All significant intercompany accounts and transactions have been eliminated in consolidation. Financial information for the periods before the Reorganization on January 24, 2018 is that of SSB Bank only.

Recent Accounting Standards

Recent Accounting Standards	6 Months Ended
	Jun. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Standards	2. RECENT ACCOUNTING STANDARDS On April 5, 2012, the Jumpstart Our Business Startups Act (the “JOBS Act”) was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies and define an “emerging growth company.” As an emerging growth company, the Company may delay adoption of new or revised financial accounting standards until such date that the standards are required to be adopted by non-issuer companies. If such standards would not apply to non-issuer companies, no deferral would be applicable. The Company has elected to take advantage of the benefits of extended transition periods. Accordingly, the Company’s consolidated financial statements may not be comparable to those of public companies that adopt new or revised financial accounting standards as of an earlier date. The effective dates of the following recent accounting standards reflect those that relate to non-issuer companies. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers , Revenue Recognition In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In September 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments In January 2017, the FASB issued ASU 2017-03, Accounting Changes and Error Corrections (Topic 250) and Investments—Equity Method and Joint Ventures (Topic 323), Amendments to SEC Paragraphs Pursuant to Staff Announcements at the September 22, 2016 and November 17, 2016 EITF Meetings , Revenue from Contracts with Customers (Topic 606); , Leases (Topic 842); , Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20). In February 2018, the FASB issued Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.

Securities Available for Sale

Securities Available for Sale	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Securities Available for Sale	3. SECURITIES AVAILABLE FOR SALE The amortized cost, gross unrealized gains and losses, and fair values of securities available for sale are as follows: June 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 3,446,117 $ 53,662 $ (975 ) $ 3,498,804 Obligations of state and political subdivisions 1,396,626 1,574 (280 ) 1,397,920 Corporate bonds 596,633 12,719 - 609,352 Total $ 5,439,376 $ 67,955 $ (1,255 ) $ 5,506,076 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 3,883,220 $ 495 $ (18,635 ) $ 3,865,080 Obligations of state and political subdivisions 1,540,053 153 (38,244 ) 1,501,962 Corporate bonds 3,547,246 - (38,511 ) 3,508,735 U.S. treasury securities 192,443 5 (124 ) 192,324 Total $ 9,162,962 $ 653 $ (95,514 ) $ 9,068,101 The amortized cost and fair value of investment securities available for sale by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Mortgage-backed securities provide for periodic payments of principal and interest and have contractual maturities ranging from less than 1 year to 25 years. Due to expected repayment terms being significantly less than the underlying mortgage pool contractual maturities, estimated lives of these securities could be significantly shorter. June 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ 104,139 $ 104,469 Due after one year through five years 1,150,783 1,163,510 Due after five years through ten years 791,597 792,426 Due after ten years 3,392,857 3,445,671 Total $ 5,439,376 $ 5,506,076 For the three months ended June 30, 2019, there were 5 corporate bonds sold with a total amortized cost of $2,502,637 and an associated gain on sale of $43,663. The proceeds of the sale were $2,546,300. There was also 1 municipal bond sold with an amortized cost of $141,861 and an associated gain on sale of $1,139. The proceeds of the sale were $143,000. There were no sales of investment securities in the three months ended June 30, 2018. For the six months ended June 30, 2019, there were 6 corporate bonds sold with a total amortized cost of $2,751,221 and an associated gain on sale of $49,454. The proceeds of the sale were $2,800,675. There was also 1 municipal bond sold with an amortized cost of $141,861 and an associated gain on sale of $1,139. The proceeds of the sale were $143,000. There were no sales of investment securities in the six months ended June 30, 2018

Securities Held to Maturity

Securities Held to Maturity	6 Months Ended
	Jun. 30, 2019
Securities Held To Maturity
Securities Held to Maturity	4. SECURITIES HELD TO MATURITY The amortized cost, gross unrealized gains and losses, and fair values of securities held to maturity are as follows: June 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 5,085 $ 63 $ - $ 5,148 Total $ 5,085 $ 63 $ - $ 5,148 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 6,394 $ 84 $ - $ 6,478 Total $ 6,394 $ 84 $ - $ 6,478 The amortized cost and fair value of mortgage-backed securities by contractual maturity are shown below. Mortgage-backed securities provide for periodic payments of principal and interest and have contractual maturities ranging up to 9 years. Due to expected repayment terms being less than the underlying mortgage pool contractual maturities, estimated lives of these securities could be significantly shorter. June 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ - $ - Due after one year through five years 3,711 3,729 Due after five years through nine years 1,374 1,419 Total $ 5,085 $ 5,148

Unrealized Losses on Securities

Unrealized Losses on Securities	6 Months Ended
	Jun. 30, 2019
Unrealized Losses On Securities
Unrealized Losses on Securities	5. UNREALIZED LOSSES ON SECURITIES The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position: June 30, 2019 (unaudited) Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities in government-sponsored entities $ 53,133 $ (127 ) $ 311,751 $ (848 ) $ 364,884 $ (975 ) Obligations of state and political subdivisions 55,203 (19 ) 288,557 (261 ) 343,760 (280 ) Total $ 108,336 $ (146 ) $ 600,308 $ (1,109 ) $ 708,644 $ (1,255 ) December 31, 2018 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities in government-sponsored entities $ 3,458,555 $ (7,806 ) $ 341,423 $ (10,829 ) $ 3,799,978 $ (18,635 ) Obligations of state and political subdivisions 55,708 (34 ) 1,397,740 (38,210 ) 1,453,448 (38,244 ) Corporate bonds 3,309,271 (37,959 ) 199,464 (552 ) 3,508,735 (38,511 ) U.S. treasury securities 159,275 (124 ) - - 159,275 (124 ) Total $ 6,982,809 $ (45,923 ) $ 1,938,627 $ (49,591 ) $ 8,921,436 $ (95,514 ) Management reviews the Bank’s investment positions monthly. There were 6 investments that were temporarily impaired as of June 30, 2019, with aggregate depreciation of less than 1 percent of the Bank’s amortized cost basis. There were 25 investments that were temporarily impaired as of December 31, 2018, with aggregate depreciation of less than 2 percent from the Company’s amortized cost basis. Management has asserted that at June 30, 2019 and December 31, 2018, the declines outlined in the above table represent temporary declines and the Bank does not intend to sell and does not believe it will be required to sell these securities before recovery of their cost basis, which may be at maturity. The Company has concluded that any impairment of its investment securities portfolio outlined in the above table is not other-than-temporary and the declines are the result of interest rate changes, sector credit rating changes, or company-specific rating changes that are not expected to result in the non-collection of principal and interest during the period.

Loans

Loans	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans	6. LOANS The Bank’s loan portfolio summarized by category is as follows: June 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 72,448,267 $ 75,520,850 Commercial 58,878,786 59,494,384 131,327,053 135,015,234 Commercial and industrial 21,335,763 19,166,207 Consumer 6,726,692 5,404,216 159,389,508 159,585,657 Third-party loan acquisition and other net origination costs 221,243 268,101 Discount on loans previously held for sale (178,464 ) (199,176 ) Allowance for loan losses (1,157,109 ) (1,124,925 ) Total $ 158,275,178 $ 158,529,657 The Bank’s primary business activity is with customers located in Pittsburgh and surrounding communities. The Bank’s loan portfolio consists predominantly of one-to-four family mortgage and commercial mortgage loans. These loans are typically secured by first-lien positions on the respective real estate properties and are subject to the Bank’s underwriting policies. During the normal course of business, the Bank may sell a portion of a loan as a participation loan in order to manage portfolio risk. In order to be eligible for sales treatment, all cash flows from the loan must be divided proportionately, the rights of each loan holder must have the same priority, the loan holders must have no recourse to the transferor other than standard representations and warranties, and no loan holder can have the right to pledge or exchange the entire loan. The Bank had transferred $10.8 million and $7.5 million in participation loans as of June 30, 2019 and December 31, 2018, respectively, to other financial institutions. As of June 30, 2019, and December 31, 2018, all these loans were being serviced by the Bank.

Allowance for Loan Losses

Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Allowance for Loan Losses	7. ALLOWANCE FOR LOAN LOSSES The allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the balance sheet date. The following tables present, by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the three ended June 30, 2019 (unaudited) and 2018 (unaudited), respectively: Mortgage Commercial Consumer Three months ended One-to-Four Mortgage and and June 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 436,575 $ 375,143 $ 261,015 $ 46,492 $ 1,119,225 Charge-offs - - - (13,189 ) (13,189 ) Recoveries - - 1,073 - 1,073 Provision 10,122 11,577 14,408 13,893 50,000 Ending balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Mortgage Commercial Consumer Three months ended One-to-Four Mortgage and and June 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 514,729 $ 410,127 $ 86,102 $ 54,058 $ 1,065,016 Charge-offs - - - - - Recoveries - - - - - Provision (credit) (43,291 ) 27,492 48,778 (7,979 ) 25,000 Ending balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016 Mortgage Commercial Consumer Six months ended One-to-Four Mortgage and and June 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 422,539 $ 393,900 $ 263,721 $ 44,765 $ 1,124,925 Charge-offs (28,268 ) (22,932 ) - (13,189 ) (64,389 ) Recoveries - - 1,073 - 1,073 Provision 52,426 15,752 11,702 15,620 95,500 Ending balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Mortgage Commercial Consumer Six months ended One-to-Four Mortgage and and June 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 513,846 $ 383,535 $ 80,854 $ 63,210 $ 1,041,445 Charge-offs (16,429 ) - - - (16,429 ) Recoveries - - - - - Provision (credit) (25,979 ) 54,084 54,026 (17,131 ) 65,000 Ending balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016 The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio as of June 30, 2019 (unaudited), and December 31, 2018. Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total June 30, 2019 Allowance for loan losses: Loans deemed impaired $ 46,980 $ - $ - $ - $ 46,980 Loans not deemed impaired 399,717 386,720 276,496 47,196 1,110,129 Ending Balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 June 30, 2019 Loans: Loans deemed impaired $ 2,910,846 $ 2,219,842 $ 155,660 $ 6,195 $ 5,292,543 Loans not deemed impaired 69,537,421 56,658,944 21,180,103 6,720,497 154,096,965 Ending Balance $ 72,448,267 $ 58,878,786 $ 21,335,763 $ 6,726,692 $ 159,389,508 Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total December 31, 2018 Allowance for loan losses: Loans deemed impaired $ 28,136 $ - $ - $ - $ 28,136 Loans not deemed impaired 394,403 393,900 263,721 44,765 1,096,789 Ending Balance $ 422,539 $ 393,900 $ 263,721 $ 44,765 $ 1,124,925 December 31, 2018 Loans: Loans deemed impaired $ 2,486,210 $ 1,768,845 $ 155,660 $ 1,195 $ 4,411,910 Loans not deemed impaired 73,034,640 57,725,539 19,010,547 5,403,021 155,173,747 Ending Balance $ 75,520,850 $ 59,494,384 $ 19,166,207 $ 5,404,216 $ 159,585,657 The following tables present impaired loans by class as of June 30, 2019, and December 31, 2018, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. June 30, 2019 (unaudited) December 31, 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no allowance recorded: Mortgage loans: One-to-four family $ 2 ,743,348 $ 2,747,988 $ - $ 2,211,525 $ 2,211,525 $ - Commercial 2 ,219,388 $ 2,219,842 - 1,768,845 $ 1,768,845 - Commercial and Industrial 155,660 $ 155,660 - 155,660 $ 155,660 - Consumer and HELOC 6,195 $ 6,195 - 1,195 $ 1,195 - With an allowance recorded: Mortgage loans: One-to-four family 162,858 162,858 46,980 274,685 274,685 28,136 Commercial - - - - - - Commercial and Industrial - - - - - - Consumer and HELOC - - - - - - Total mortgage loans: One-to-four family 2,906,206 2,910,846 46,980 2,486,210 2,486,210 28,136 Commercial 2,219,388 2,219,842 - 1,768,845 1,768,845 - Commercial and Industrial 155,660 155,660 - 155,660 155,660 - Consumer and HELOC 6,195 6,195 - 1,195 1,195 - Total $ 5,287,449 $ 5,292,543 $ 46,980 $ 4,411,910 $ 4,411,910 $ 28,136 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,443,502 $ 15,002 $ 1,955,312 $ - Commercial 2,076,646 14,611 1,111,225 - Commercial and industrial 155,660 - 114,780 - Consumer and HELOC 6,195 - 47,478 207 With an allowance recorded: Mortgage loans: One-to-four family 163,274 796 370,205 2,301 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,606,776 15,798 2,325,517 2,301 Commercial 2,076,646 14,611 1,111,225 - Commercial and industrial 155,660 - 114,780 - Consumer and HELOC 6,195 - 47,478 207 Total $ 4,845,277 $ 30,409 $ 3,599,000 $ 2,508 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,187,532 $ 40,459 $ 1,916,664 $ 432 Commercial 1,920,613 36,810 1,115,593 466 Commercial and industrial 155,660 2,376 84,221 - Consumer and HELOC 6,195 113 45,365 207 With an allowance recorded: Mortgage loans: One-to-four family 165,132 3,921 384,309 5,720 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,352,664 44,380 2,300,973 6,152 Commercial 1,920,613 36,810 1,115,593 466 Commercial and industrial 155,660 2,376 84,221 - Consumer and HELOC 6,195 113 45,365 207 Total $ 4,435,132 $ 83,679 $ 3,546,152 $ 6,825 Aging Analysis of Past-Due Loans by Class Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories at the dates indicated: June 30, 2019 (unaudited) 30-59 Days 60-89 Days 90 Days or Greater Total Past Total Loans 90 Days or Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 217,143 1,563,692 1,587,483 3,368,318 $ 69,079,949 $ 72,448,267 $ - Commercial - - 1,116,272 1,116,272 57,762,514 58,878,786 - Commercial and industrial 382,035 - 155,660 537,695 20,798,068 21,335,763 - Consumer and HELOC 13,408 19,876 6,195 39,479 6,687,213 6,726,692 - Total $ 612,586 $ 1,583,568 $ 2,865,610 $ 5,061,764 $ 154,327,744 $ 159,389,508 $ - December 31, 2018 30-59 Days 60-89 Days 90 Days or Greater Total Past Total Loans 90 Days or Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 305,412 624,784 1,701,044 2,631,240 $ 72,889,610 $ 75,520,850 $ - Commercial - - 1,094,376 1,094,376 58,400,008 59,494,384 - Commercial and industrial - - 155,660 155,660 19,010,547 19,166,207 - Consumer and HELOC - - 1,195 1,195 5,403,021 5,404,216 - Total $ 305,412 $ 624,784 $ 2,952,275 $ 3,882,471 $ 155,703,186 $ 159,585,657 $ - The following table presents the loans on nonaccrual status, by class: June 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 1,796,303 $ 2,302,267 Commercial 870,386 1,094,376 Commercial and industrial 155,660 155,660 Consumer and HELOC 6,195 1,195 Total $ 2,828,544 $ 3,553,498 Credit Quality Information The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Bank analyzes commercial loans individually by classifying the loans as to their credit risk. The Bank uses a nine-grade internal loan rating system for commercial mortgage loans and commercial and industrial loans as follows: ● Loans rated 1, 2, 3, 4, and 5: ● Loans rated 6: ● Loans rated 7: ● Loans rated 8: ● Loans rated 9: The risk category of loans by class is as follows: June 30, 2019 (unaudited) December 31, 2018 Mortgage Commercial and Mortgage Commercial and Commercial Industrial Commercial Industrial Loans rated 1 - 5 $ 56,705,468 $ 17,205,501 $ 57,773,482 $ 15,028,078 Loans rated 6 25,648 3,974,602 - 3,982,469 Loans rated 7 2,147,670 155,660 1,720,902 155,660 Ending balance $ 58,878,786 $ 21,335,763 $ 59,494,384 $ 19,166,207 There were no loans classified as doubtful or loss at June 30, 2019, or December 31, 2018. For one-to-four family mortgage and consumer and HELOC loans, the Bank evaluates credit quality based on whether the loan is considered to be performing or nonperforming. Loans are generally considered to be nonperforming when they are placed on nonaccrual or become 90 days past due. The following table presents the balances of loans by class based on payment performance: June 30, 2019 (unaudited) December 31, 2018 Mortgage Consumer Mortgage Consumer One-to-Four and One-to-Four and Family HELOC Family HELOC Performing $ 70,651,964 $ 6,720,497 $ 73,218,583 $ 5,403,021 Nonperforming 1,796,303 6,195 2,302,267 1,195 Total $ 72,448,267 $ 6,726,692 $ 75,520,850 $ 5,404,216 Troubled Debt Restructurings There were no loans modified as troubled debt restructurings during the six months ended June 30, 2019 or 2018. As of June 30, 2019, and December 31, 2018, the Bank allocated $46,980 and $1,980, respectively, within the allowance for loan losses related to all loans modified as troubled debt restructurings. The Bank did not have any loans modified as a troubled debt restructuring in the preceding 12 months that subsequently defaulted in the current reporting period.

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Jun. 30, 2019
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	8. EMPLOYEE STOCK OWNERSHIP PLAN The Bank established a tax qualified Employee Stock Ownership Plan (“ESOP”) for the benefit of its employees in conjunction with the Reorganization effective on January 24, 2018. Eligible employees become 20% vested in their accounts after two years of service, 40% after three years of service, 60% after four years of service, 80% after five years of service, and 100% after six years of service, or earlier, upon death, disability or attainment of normal retirement age. The ESOP purchased 88,131 shares of Company common stock, which was funded by a loan from the Company. Unreleased ESOP shares collateralize the loan payable, and the cost of the shares is recorded as a contra-equity account in the stockholders’ equity of the Company. Shares are to be released as debt payments are made by the ESOP to the loan. The ESOP’s sources of repayment of the loan can include dividends, if any, on the unallocated stock held by the ESOP and discretionary contributions from the Company to the ESOP and earnings thereon. Compensation expense is equal to the fair value of the shares committed to be released and unallocated ESOP shares are excluded from outstanding shares for purposes of computing earnings per share. During the three and six months ended June 30, 2019, the Company recognized $9,265 and $18,860, respectively, in compensation expense.

Stock Compensation Plan

Stock Compensation Plan	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Stock Compensation Plan	9. STOCK COMPENSATION PLAN In May 2019, the Company’s board of directors adopted, and its shareholders approved, the SSB Bancorp, Inc. 2019 Equity Incentive Plan (the Plan) authorizing the grant of options or restricted stock covering 154,229 shares of common stock. The maximum number of shares of stock that may be delivered under the Plan pursuant to the exercise of stock options is 110,164 and the maximum number of shares of stock that may be issued as restricted stock awards, restricted stock units, or performances shares is 44,065. Under the Plan, options or restricted stock can be granted (the Grant Date) to directors, officers, and employees that provide services to the Company, as selected by the compensation committee of the Board. The exercise price at which a granted stock option may be exercised will not be less than 100% of the fair market value per share of common stock on the Grant Date. The maximum term of any option granted under the Plan cannot exceed 10 years. On May 23, 2019, 11,015 shares of restricted stock and 27,540 stock options were awarded to non-employee directors out of the Plan. The shares of restricted stock and stock options vest at a rate of 20% per year commencing on May 23, 2020, and the related expense is being recognized straight line over the 60-month period. At June 30, 2019, there were 33,050 shares of restricted stock and 82,624 stock options available to be issued under the Plan. The following tables summarize transactions regarding the restricted stock under the Plan for the three and six months ended June 30, 2019. Weighted average Number of grant date price restricted shares per share Non-vested shares at March 31, 2019 - $ - Granted 11,015 8.35 Vested - - Forfeited - - Non-vested shares at June 30, 2019 11,015 8.35 Weighted average Number of grant date price restricted shares per share Non-vested shares at December 31, 2018 - $ - Granted 11,015 8.35 Vested - - Forfeited - - Non-vested shares at June 30, 2019 11,015 8.35 A summary of the status of the awarded stock options at June 30, 2019, and changes during the three and six months ended June 30, 2019 is presented in the tables and narrative below: Three months ended June 30, 2019 Shares Weighted Average Exercise Price Outstanding at April 1, 2019 - $ - Granted 27,540 8.35 Exercised - - Forfeited - - Outstanding at June 30, 2019 27,540 8.35 Exercisable at June 30, 2019 - - Weighted average fair value of options granted in current year $ 0.97 Six months ended June 30, 2019 Shares Weighted Average Exercise Price Outstanding at April 1, 2019 - $ - Granted 27,540 8.35 Exercised - - Forfeited - - Outstanding at June 30, 2019 27,540 8.35 Exercisable at June 30, 2019 - - Weighted average fair value of options granted in current year $ 0.97 At June 30, 2019, none of the 27,540 options outstanding were exercisable. The 27,540 options that are not yet exercisable all have an exercise price of $8.35 and a weighted average remaining contractual life of 10 years. The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in the three and six months ended June 30, 2019. Three months ended Pricing model assumption ranges June 30, 2019 Risk-free interest rate 2.00 % Expected lives in years 10 Expected volatility 8.86 % Expected Forfeiture rate 10.00 % Expected dividend rate $ 1.50 Six months ended Pricing model assumption ranges June 30, 2019 Risk-free interest rate 2.00 % Expected lives in years 10 Expected volatility 8.86 % Expected forfeiture rate 10.00 % Expected dividend rate $ 1.50 The Company uses the modified prospective method for accounting for stock-based compensation and recognized $4,000 of pretax compensation expense for both the three and six months ended June 30, 2019. As of June 30, 2019, there was $112,000 of unrecognized compensation expense that will be recognized over the remaining vesting periods. No stock options have been exercised as of June 30, 2019.

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
	Jun. 30, 2019
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Regulatory Capital Requirements	10. REGULATORY CAPITAL REQUIREMENTS The Bank is subject to various regulatory capital requirements administered by federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measure of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The regulations require a minimum ratio of common equity Tier 1 capital to risk-weighted assets of 4.5%, a minimum ratio of Tier 1 capital to risk-weighted assets of 6%, a minimum total capital ratio of 8%, and a minimum leverage ratio of 4% for all banking organizations. Additionally, community banking institutions must maintain a capital conservation buffer of common equity Tier 1 capital in an amount greater than 2.5% of total risk-weighted assets to avoid being subject to limitations on capital distributions and discretionary bonuses. The capital conservation buffer and certain deductions from and adjustments to regulatory capital and risk-weighted assets are being phased in over several years. The required minimum conservation buffer was 1.875% as of January 1, 2018 and it increased to 2.5% on January 1, 2019. As of June 30, 2019, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum capital ratios as set forth in the following table. There are no conditions or events since the notification that management believes have changed the Bank’s category. Management believes that the Bank meets all capital adequacy requirements to which it is subject. The Bank’s actual capital amounts and ratios are also presented in the table below. June 30, 2019 December 31, 2018 Amount Ratio Amount Ratio (unaudited) Common Equity Tier 1 capital (to risk-weighted assets) Actual $ 20,634,723 14.51 % $ 20,393,710 14.22 % For capital adequacy purposes 6,398,910 4.50 % 6,453,270 4.50 % To be well capitalized 9,242,870 6.50 % 9,321,390 6.50 % Tier 1 capital (to risk-weighted assets) Actual $ 20,634,723 14.51 % $ 20,393,710 14.22 % For capital adequacy purposes 8,531,880 6.00 % 8,604,360 6.00 % To be well capitalized 11,375,840 8.00 % 11,472,480 8.00 % Total capital (to risk-weighted assets) Actual $ 21,791,832 15.32 % $ 21,518,635 15.01 % For capital adequacy purposes 11,375,840 8.00 % 11,472,480 8.00 % To be well capitalized 14,219,800 10.00 % 14,340,600 10.00 % Tier 1 capital (to average assets) Actual $ 20,634,723 10.62 % $ 20,393,710 11.59 % For capital adequacy purposes 7,773,358 4.00 % 7,036,287 4.00 % To be well capitalized 9,716,697 5.00 % 8,795,358 5.00 %

Commitments

Commitments	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	11. COMMITMENTS In the normal course of business, the Bank makes various commitments that are not reflected in the Company’s consolidated financial statements. The Bank offers such products to enable its customers to meet their financing objectives. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized on the balance sheets. The Bank’s exposure to credit loss in the event of nonperformance by the other parties to the financial instruments is represented by the contractual amounts as disclosed. The Bank minimizes its exposure to credit loss under these commitments by subjecting them to credit approval and review procedures and collateral requirements as deemed necessary. Off-balance sheet commitments consist of the following: June 30, 2019 (unaudited) Commitments to extend credit $ 1,037,750 Construction unadvanced funds 3,960,371 Unused lines of credit 7,492,393 Letters of credit 2,861,135 $ 15,351,649 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the loan agreement. These commitments consisted primarily of mortgage loan commitments. The Bank uses the same credit policies in making loan commitments and conditional obligations as it does for on-balance sheet instruments. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, as deemed necessary, is based upon management’s credit evaluation in compliance with the Bank’s lending policy guidelines. The Bank and certain executives are parties to employment agreements that provide for a base salary and certain other benefits. The initial terms of the agreements are for three years with annual renewals thereafter. In the event of the executive’s termination without cause, as defined, the executive will receive a lump-sum cash payment equal to the amount remaining under the contract. Additional benefits are payable upon a change in control, as defined.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	12. FAIR VALUE MEASUREMENTS The following disclosures show the hierarchal disclosure framework associated with the level of pricing observations utilized in measuring assets and liabilities at fair value. The three broad pricing levels are as follows: Level I: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level II: Pricing inputs are other than the quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities includes items for which quoted prices are available but traded less frequently and items that are fair-valued using other financial instruments, the parameters of which can be directly observed. Level III: Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. This hierarchy requires the use of observable market data, when available. Fair values for securities are determined by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique that is widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark-quoted securities. Fair values of securities determined by quoted prices in active markets, when available, are classified as Level I. At June 30, 2019 and December 31, 2018, fair value measurements were obtained from a third-party pricing service and not adjusted by management. Transfers are recognized at the end of the reporting period, as applicable. The following tables present the assets reported on the balance sheets at their fair value by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 3,498,804 $ - $ 3,498,804 Obligations of state and political subdivisions - 1,397,920 - 1,397,920 Corporate bonds - 609,352 - 609,352 Mortgage servicing rights - - 270,416 270,416 Impaired loans with reserve - - 115,878 115,878 December 31, 2018 Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 3,865,080 $ - $ 3,865,080 Obligations of state and political subdivisions - 1,501,962 - 1,501,962 Corporate bonds - 3,508,735 - 3,508,735 U.S. treasury securities 192,324 - - 192,324 Mortgage servicing rights - - 234,344 234,344 Impaired loans with reserve - - 246,549 246,549 June 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a nonrecurring basis: Other real estate owned $ - $ - $ 49,900 $ 49,900 December 31, 2018 Level I Level II Level III Total Fair value measurements on a nonrecurring basis: Other real estate owned $ - $ - $ 138,100 $ 138,100 Other Real Estate Owned Other real estate owned is measured at fair value, less estimated cost to sell, at the date of foreclosure, which establishes a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management. The assets are carried at fair value, less estimated cost to sell. Income and expense from operations and changes in valuation allowance are included in other noninterest expense. Level III Inputs The following table provides the significant unobservable inputs used in the fair value measurement process for items valued using Level III techniques: Fair Value at Range June 30, Valuation (Weighted 2019 Valuation Techniques Unobservable Inputs Average) (unaudited) Other real estate owned $ 49,900 Appraised collateral values Discount for time since appraisal 10 % (10 )% Selling costs 10 % (10 )% Impaired loans with reserve 115,878 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 270,416 Discounted cash flows Loan prepayment speeds 8.49% - 10.52 % (9.51 )% Fair Value at Range December 31, Valuation (Weighted 2018 Valuation Techniques Unobservable Inputs Average) Other real estate owned $ 138,100 Appraised collateral values Discount for time since appraisal 10 % (10 )% Selling costs 10 % (10 )% Impaired loans with reserve 246,549 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 234,344 Discounted cash flows Loan prepayment speeds 8.49%-10.52 % (9.69 %) The estimated fair values of the Company’s financial instruments are as follows: June 30, 2019 (unaudited) Carrying Fair Value Value Level I Level II Level III Financial assets: Cash and cash equivalents $ 17,997,201 $ 17,997,201 $ 17,997,201 $ - $ - Certificates of deposit 2,715,000 2,828,000 - 2,828,000 - Investment securities: Available for sale 5,506,076 5,506,076 - 5,506,076 - Held to maturity 5,085 5,148 - 5,148 - Loans, net 158,275,178 166,378,178 - - 166,378,178 Accrued interest receivable 676,572 676,572 - 676,572 - FHLB Stock 2,763,800 2,763,800 - - 2,763,800 Financial liabilities: Deposits 142,290,260 144,030,260 50,359,010 - 93,671,250 FHLB advances 31,374,500 31,863,500 - 31,863,500 - Accrued interest payable 310,443 310,443 - 310,443 - December 31, 2018 Carrying Fair Value Value Level I Level II Level III Financial assets: Cash and cash equivalents $ 9,034,070 $ 9,034,070 $ 9,034,070 $ - $ - Certificates of deposit 846,000 837,828 - 837,828 - Investment securities: Available for sale 9,068,101 9,068,101 192,324 8,875,777 - Held to maturity 6,394 6,478 - 6,478 - Loans, net 158,529,657 159,275,657 - - 159,275,657 Accrued interest receivable 639,474 639,474 - 639,474 - FHLB Stock 2,651,400 2,651,400 - - 2,651,400 Financial liabilities: Deposits 136,108,766 134,639,766 42,989,629 - 91,650,137 FHLB advances 31,374,500 31,242,500 - 31,242,500 - Accrued interest payable 255,486 255,486 - 255,486 - Financial instruments are defined as cash, evidence of an ownership interest in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. Fair value is defined as the amount at which a financial instrument could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale. If a quoted market price is available for a financial instrument, the estimated fair value would be calculated based upon the market price per trading unit of the instrument.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2019
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	13. FAIR VALUE OF FINANCIAL INSTRUMENTS If no readily available market exists, the fair value estimates for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses, and other factors as determined through various option pricing formulas or simulation modeling. Since many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting estimated fair values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the estimated fair values are based may have a significant impact on the resulting estimated fair values. Since certain assets, such as deferred tax assets and premises and equipment, are not considered financial instruments, the estimated fair value of financial instruments would not represent the full value of the Bank. Cash and Cash Equivalents, Accrued Interest Receivable, FHLB Stock, and Accrued Interest Payable The fair value is equal to the current carrying value. Certificates of Deposit The fair values of certificates of deposit are based on the discounted value of contractual cash flows. The discount rates are estimated using rates currently offered for similar instruments with similar remaining maturities. Securities Fair values for securities are determined by obtaining quoted prices on nationally recognized securities exchanges or matrix pricing, which is a mathematical technique that is widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark-quoted securities. Fair values of securities determined by quoted prices in active markets, when available, are classified as Level I. Loans, Net The fair value is estimated by discounting future cash flows using current market inputs at which loans with similar terms and qualities would be made to borrowers of similar credit quality. Certain collateral dependent impaired loans have been adjusted to fair value based on the loan’s collateral. Fair value is generally determined based upon independent third-party appraisals of the properties, along with management’s assumptions in various factors, such as selling costs and discounts for time since last appraised. FHLB Advances The fair value of FHLB advances is based on the discounted value of contractual cash flows. The discount rates are estimated using rates currently offered for similar instruments with similar remaining maturities. Deposits The fair values of certificates of deposit are based on the discounted value of contractual cash flows. The discount rates are estimated using rates currently offered for similar instruments with similar remaining maturities. Demand, savings, and money market deposit accounts are valued at the amount payable on demand as of the period end. Commitments These financial instruments are generally not subject to sale, and estimated fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure. The contractual amounts of unfunded commitments are presented in Note 10.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	14. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax: Net Unrealized Gain (Loss) on Securities Three months ended June 30, 2019 2018 Accumulated other comprehensive income (loss), beginning of period $ 33,796 $ (46,336 ) Other comprehensive income (loss) on securities before reclassification, net of tax 54,607 (386 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (35,394 ) - Net other comprehensive income (loss) 19,213 (386 ) Accumulated other comprehensive income (loss), end of period $ 53,009 $ (46,722 ) Net Unrealized Gain (Loss) on Securities Six months ended June 30, 2019 2018 (unaudited) Accumulated other comprehensive income (loss), beginning of period $ (74,623 ) $ (23,487 ) Other comprehensive income (loss) on securities before reclassification, net of tax 167,601 (23,235 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (39,969 ) - Net other comprehensive income (loss) 127,632 (23,235 ) Accumulated other comprehensive income (loss), end of period $ 53,009 $ (46,722 )

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2019
EARNINGS PER COMMON SHARE
Earnings Per Share	15. EARNINGS PER SHARE Earnings per common share for the three and six months ended June 30, 2019, and the three months ended June 30, 2018, are represented in the following table. Earnings per common share for the six months ended June 30, 2018 is not presented as the Company’s initial public offering was completed on January 24, 2018; therefore, per share results would not be meaningful. Three months ended Three months ended June 30, 2019 June 30, 2018 (unaudited) (unaudited) Net Income $ 104,570 $ 71,537 Shares outstanding for basic EPS: Average shares outstanding 2,248,315 2,248,250 Less: Average unearned ESOP shares 82,243 87,030 Shares outstanding for basic EPS 2,166,072 2,161,220 Additional dilutive shares 220 - Shares oustanding for diluted EPS 2,166,292 2,161,220 Basic income per share $ 0.05 $ 0.03 Diluted income per share $ 0.05 $ 0.03 Six months ended June 30, 2019 (unaudited) Net Income $ 217,283 Shares outstanding for basic EPS: Average shares outstanding 2,248,282 Less: Average unearned ESOP shares 82,791 Shares outstanding for basic EPS 2,165,491 Additional dilutive shares 683 Shares oustanding for diluted EPS 2,166,174 Basic income per share $ 0.10 Diluted income per share $ 0.10

Securities Available for Sale (

Securities Available for Sale (Tables)	6 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Schedule of Securities Available for Sale	The amortized cost, gross unrealized gains and losses, and fair values of securities available for sale are as follows: June 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 3,446,117 $ 53,662 $ (975 ) $ 3,498,804 Obligations of state and political subdivisions 1,396,626 1,574 (280 ) 1,397,920 Corporate bonds 596,633 12,719 - 609,352 Total $ 5,439,376 $ 67,955 $ (1,255 ) $ 5,506,076 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 3,883,220 $ 495 $ (18,635 ) $ 3,865,080 Obligations of state and political subdivisions 1,540,053 153 (38,244 ) 1,501,962 Corporate bonds 3,547,246 - (38,511 ) 3,508,735 U.S. treasury securities 192,443 5 (124 ) 192,324 Total $ 9,162,962 $ 653 $ (95,514 ) $ 9,068,101
Schedule of Contractual Maturities	June 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ 104,139 $ 104,469 Due after one year through five years 1,150,783 1,163,510 Due after five years through ten years 791,597 792,426 Due after ten years 3,392,857 3,445,671 Total $ 5,439,376 $ 5,506,076

Securities Held to Maturity (Ta

Securities Held to Maturity (Tables)	6 Months Ended
	Jun. 30, 2019
Securities Held To Maturity
Schedule of Securities Held to Maturity	The amortized cost, gross unrealized gains and losses, and fair values of securities held to maturity are as follows: June 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 5,085 $ 63 $ - $ 5,148 Total $ 5,085 $ 63 $ - $ 5,148 December 31, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 6,394 $ 84 $ - $ 6,478 Total $ 6,394 $ 84 $ - $ 6,478
Schedule of Contractual Maturities	June 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ - $ - Due after one year through five years 3,711 3,729 Due after five years through nine years 1,374 1,419 Total $ 5,085 $ 5,148

Unrealized Losses on Securiti_2

Unrealized Losses on Securities (Tables)	6 Months Ended
	Jun. 30, 2019
Unrealized Losses On Securities
Schedule of Unrealized Loss on Securities	The following tables show the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position: June 30, 2019 (unaudited) Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities in government-sponsored entities $ 53,133 $ (127 ) $ 311,751 $ (848 ) $ 364,884 $ (975 ) Obligations of state and political subdivisions 55,203 (19 ) 288,557 (261 ) 343,760 (280 ) Total $ 108,336 $ (146 ) $ 600,308 $ (1,109 ) $ 708,644 $ (1,255 ) December 31, 2018 Less than Twelve Months Twelve Months or Greater Total Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Mortgage-backed securities in government-sponsored entities $ 3,458,555 $ (7,806 ) $ 341,423 $ (10,829 ) $ 3,799,978 $ (18,635 ) Obligations of state and political subdivisions 55,708 (34 ) 1,397,740 (38,210 ) 1,453,448 (38,244 ) Corporate bonds 3,309,271 (37,959 ) 199,464 (552 ) 3,508,735 (38,511 ) U.S. treasury securities 159,275 (124 ) - - 159,275 (124 ) Total $ 6,982,809 $ (45,923 ) $ 1,938,627 $ (49,591 ) $ 8,921,436 $ (95,514 )

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of Loan Portfolio by Category	The Bank’s loan portfolio summarized by category is as follows: June 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 72,448,267 $ 75,520,850 Commercial 58,878,786 59,494,384 131,327,053 135,015,234 Commercial and industrial 21,335,763 19,166,207 Consumer 6,726,692 5,404,216 159,389,508 159,585,657 Third-party loan acquisition and other net origination costs 221,243 268,101 Discount on loans previously held for sale (178,464 ) (199,176 ) Allowance for loan losses (1,157,109 ) (1,124,925 ) Total $ 158,275,178 $ 158,529,657

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of Changes in the Allowance for Loan Losses and the Recorded Investment in Loans	The allowance reflects management’s estimate of loan losses inherent in the loan portfolio at the balance sheet date. The following tables present, by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the three ended June 30, 2019 (unaudited) and 2018 (unaudited), respectively: Mortgage Commercial Consumer Three months ended One-to-Four Mortgage and and June 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 436,575 $ 375,143 $ 261,015 $ 46,492 $ 1,119,225 Charge-offs - - - (13,189 ) (13,189 ) Recoveries - - 1,073 - 1,073 Provision 10,122 11,577 14,408 13,893 50,000 Ending balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Mortgage Commercial Consumer Three months ended One-to-Four Mortgage and and June 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 514,729 $ 410,127 $ 86,102 $ 54,058 $ 1,065,016 Charge-offs - - - - - Recoveries - - - - - Provision (credit) (43,291 ) 27,492 48,778 (7,979 ) 25,000 Ending balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016 Mortgage Commercial Consumer Six months ended One-to-Four Mortgage and and June 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 422,539 $ 393,900 $ 263,721 $ 44,765 $ 1,124,925 Charge-offs (28,268 ) (22,932 ) - (13,189 ) (64,389 ) Recoveries - - 1,073 - 1,073 Provision 52,426 15,752 11,702 15,620 95,500 Ending balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Mortgage Commercial Consumer Six months ended One-to-Four Mortgage and and June 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 513,846 $ 383,535 $ 80,854 $ 63,210 $ 1,041,445 Charge-offs (16,429 ) - - - (16,429 ) Recoveries - - - - - Provision (credit) (25,979 ) 54,084 54,026 (17,131 ) 65,000 Ending balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016
Schedule of Primary Segments of the Loan Portfolio	The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio as of June 30, 2019 (unaudited), and December 31, 2018. Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total June 30, 2019 Allowance for loan losses: Loans deemed impaired $ 46,980 $ - $ - $ - $ 46,980 Loans not deemed impaired 399,717 386,720 276,496 47,196 1,110,129 Ending Balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 June 30, 2019 Loans: Loans deemed impaired $ 2,910,846 $ 2,219,842 $ 155,660 $ 6,195 $ 5,292,543 Loans not deemed impaired 69,537,421 56,658,944 21,180,103 6,720,497 154,096,965 Ending Balance $ 72,448,267 $ 58,878,786 $ 21,335,763 $ 6,726,692 $ 159,389,508 Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total December 31, 2018 Allowance for loan losses: Loans deemed impaired $ 28,136 $ - $ - $ - $ 28,136 Loans not deemed impaired 394,403 393,900 263,721 44,765 1,096,789 Ending Balance $ 422,539 $ 393,900 $ 263,721 $ 44,765 $ 1,124,925 December 31, 2018 Loans: Loans deemed impaired $ 2,486,210 $ 1,768,845 $ 155,660 $ 1,195 $ 4,411,910 Loans not deemed impaired 73,034,640 57,725,539 19,010,547 5,403,021 155,173,747 Ending Balance $ 75,520,850 $ 59,494,384 $ 19,166,207 $ 5,404,216 $ 159,585,657
Schedule of Impaired Loans by Class	The following tables present impaired loans by class as of June 30, 2019, and December 31, 2018, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary. June 30, 2019 (unaudited) December 31, 2018 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no allowance recorded: Mortgage loans: One-to-four family $ 2 ,743,348 $ 2,747,988 $ - $ 2,211,525 $ 2,211,525 $ - Commercial 2 ,219,388 $ 2,219,842 - 1,768,845 $ 1,768,845 - Commercial and Industrial 155,660 $ 155,660 - 155,660 $ 155,660 - Consumer and HELOC 6,195 $ 6,195 - 1,195 $ 1,195 - With an allowance recorded: Mortgage loans: One-to-four family 162,858 162,858 46,980 274,685 274,685 28,136 Commercial - - - - - - Commercial and Industrial - - - - - - Consumer and HELOC - - - - - - Total mortgage loans: One-to-four family 2,906,206 2,910,846 46,980 2,486,210 2,486,210 28,136 Commercial 2,219,388 2,219,842 - 1,768,845 1,768,845 - Commercial and Industrial 155,660 155,660 - 155,660 155,660 - Consumer and HELOC 6,195 6,195 - 1,195 1,195 - Total $ 5,287,449 $ 5,292,543 $ 46,980 $ 4,411,910 $ 4,411,910 $ 28,136
Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income	The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated. Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,443,502 $ 15,002 $ 1,955,312 $ - Commercial 2,076,646 14,611 1,111,225 - Commercial and industrial 155,660 - 114,780 - Consumer and HELOC 6,195 - 47,478 207 With an allowance recorded: Mortgage loans: One-to-four family 163,274 796 370,205 2,301 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,606,776 15,798 2,325,517 2,301 Commercial 2,076,646 14,611 1,111,225 - Commercial and industrial 155,660 - 114,780 - Consumer and HELOC 6,195 - 47,478 207 Total $ 4,845,277 $ 30,409 $ 3,599,000 $ 2,508 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,187,532 $ 40,459 $ 1,916,664 $ 432 Commercial 1,920,613 36,810 1,115,593 466 Commercial and industrial 155,660 2,376 84,221 - Consumer and HELOC 6,195 113 45,365 207 With an allowance recorded: Mortgage loans: One-to-four family 165,132 3,921 384,309 5,720 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,352,664 44,380 2,300,973 6,152 Commercial 1,920,613 36,810 1,115,593 466 Commercial and industrial 155,660 2,376 84,221 - Consumer and HELOC 6,195 113 45,365 207 Total $ 4,435,132 $ 83,679 $ 3,546,152 $ 6,825
Schedule of Classes of the Loan Portfolio by Aging	The following tables present the classes of the loan portfolio summarized by the aging categories at the dates indicated: June 30, 2019 (unaudited) 30-59 Days 60-89 Days 90 Days or Greater Total Past Total Loans 90 Days or Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 217,143 1,563,692 1,587,483 3,368,318 $ 69,079,949 $ 72,448,267 $ - Commercial - - 1,116,272 1,116,272 57,762,514 58,878,786 - Commercial and industrial 382,035 - 155,660 537,695 20,798,068 21,335,763 - Consumer and HELOC 13,408 19,876 6,195 39,479 6,687,213 6,726,692 - Total $ 612,586 $ 1,583,568 $ 2,865,610 $ 5,061,764 $ 154,327,744 $ 159,389,508 $ - December 31, 2018 30-59 Days 60-89 Days 90 Days or Greater Total Past Total Loans 90 Days or Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 305,412 624,784 1,701,044 2,631,240 $ 72,889,610 $ 75,520,850 $ - Commercial - - 1,094,376 1,094,376 58,400,008 59,494,384 - Commercial and industrial - - 155,660 155,660 19,010,547 19,166,207 - Consumer and HELOC - - 1,195 1,195 5,403,021 5,404,216 - Total $ 305,412 $ 624,784 $ 2,952,275 $ 3,882,471 $ 155,703,186 $ 159,585,657 $ -
Schedule of Loans on Nonaccrual Status	The following table presents the loans on nonaccrual status, by class: June 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 1,796,303 $ 2,302,267 Commercial 870,386 1,094,376 Commercial and industrial 155,660 155,660 Consumer and HELOC 6,195 1,195 Total $ 2,828,544 $ 3,553,498
Schedule of Risk Category of Loans	The risk category of loans by class is as follows: June 30, 2019 (unaudited) December 31, 2018 Mortgage Commercial and Mortgage Commercial and Commercial Industrial Commercial Industrial Loans rated 1 - 5 $ 56,705,468 $ 17,205,501 $ 57,773,482 $ 15,028,078 Loans rated 6 25,648 3,974,602 - 3,982,469 Loans rated 7 2,147,670 155,660 1,720,902 155,660 Ending balance $ 58,878,786 $ 21,335,763 $ 59,494,384 $ 19,166,207
Schedule of Balances of Loans by Class Based on Payment Performance	The following table presents the balances of loans by class based on payment performance: June 30, 2019 (unaudited) December 31, 2018 Mortgage Consumer Mortgage Consumer One-to-Four and One-to-Four and Family HELOC Family HELOC Performing $ 70,651,964 $ 6,720,497 $ 73,218,583 $ 5,403,021 Nonperforming 1,796,303 6,195 2,302,267 1,195 Total $ 72,448,267 $ 6,726,692 $ 75,520,850 $ 5,404,216

Stock Compensation Plan (Tables

Stock Compensation Plan (Tables)	6 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Schedule of Nonvested Restricted Stock Under Plan	The following tables summarize transactions regarding the restricted stock under the Plan for the three and six months ended June 30, 2019. Weighted average Number of grant date price restricted shares per share Non-vested shares at March 31, 2019 - $ - Granted 11,015 8.35 Vested - - Forfeited - - Non-vested shares at June 30, 2019 11,015 8.35 Weighted average Number of grant date price restricted shares per share Non-vested shares at December 31, 2018 - $ - Granted 11,015 8.35 Vested - - Forfeited - - Non-vested shares at June 30, 2019 11,015 8.35
Schedule of Stock Option Activity	A summary of the status of the awarded stock options at June 30, 2019, and changes during the three and six months ended June 30, 2019 is presented in the tables and narrative below: Three months ended June 30, 2019 Shares Weighted Average Exercise Price Outstanding at April 1, 2019 - $ - Granted 27,540 8.35 Exercised - - Forfeited - - Outstanding at June 30, 2019 27,540 8.35 Exercisable at June 30, 2019 - - Weighted average fair value of options granted in current year $ 0.97 Six months ended June 30, 2019 Shares Weighted Average Exercise Price Outstanding at April 1, 2019 - $ - Granted 27,540 8.35 Exercised - - Forfeited - - Outstanding at June 30, 2019 27,540 8.35 Exercisable at June 30, 2019 - - Weighted average fair value of options granted in current year $ 0.97
Schedule of Stock Option Fair Value Assumption	The fair value of each option grant is estimated on the date of grant using the Binomial or Black-Scholes option pricing model with the following assumptions used for grants in the three and six months ended June 30, 2019. Three months ended Pricing model assumption ranges June 30, 2019 Risk-free interest rate 2.00 % Expected lives in years 10 Expected volatility 8.86 % Expected Forfeiture rate 10.00 % Expected dividend rate $ 1.50 Six months ended Pricing model assumption ranges June 30, 2019 Risk-free interest rate 2.00 % Expected lives in years 10 Expected volatility 8.86 % Expected forfeiture rate 10.00 % Expected dividend rate $ 1.50

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
	Jun. 30, 2019
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Schedule of Bank's Actual Capital Amounts and Ratios	The Bank’s actual capital amounts and ratios are also presented in the table below. June 30, 2019 December 31, 2018 Amount Ratio Amount Ratio (unaudited) Common Equity Tier 1 capital (to risk-weighted assets) Actual $ 20,634,723 14.51 % $ 20,393,710 14.22 % For capital adequacy purposes 6,398,910 4.50 % 6,453,270 4.50 % To be well capitalized 9,242,870 6.50 % 9,321,390 6.50 % Tier 1 capital (to risk-weighted assets) Actual $ 20,634,723 14.51 % $ 20,393,710 14.22 % For capital adequacy purposes 8,531,880 6.00 % 8,604,360 6.00 % To be well capitalized 11,375,840 8.00 % 11,472,480 8.00 % Total capital (to risk-weighted assets) Actual $ 21,791,832 15.32 % $ 21,518,635 15.01 % For capital adequacy purposes 11,375,840 8.00 % 11,472,480 8.00 % To be well capitalized 14,219,800 10.00 % 14,340,600 10.00 % Tier 1 capital (to average assets) Actual $ 20,634,723 10.62 % $ 20,393,710 11.59 % For capital adequacy purposes 7,773,358 4.00 % 7,036,287 4.00 % To be well capitalized 9,716,697 5.00 % 8,795,358 5.00 %

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Off-Balance Sheet Commitments	Off-balance sheet commitments consist of the following: June 30, 2019 (unaudited) Commitments to extend credit $ 1,037,750 Construction unadvanced funds 3,960,371 Unused lines of credit 7,492,393 Letters of credit 2,861,135 $ 15,351,649

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of Assets Reported on the Balance Sheets Fair Value on Recurring Basis	Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. June 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 3,498,804 $ - $ 3,498,804 Obligations of state and political subdivisions - 1,397,920 - 1,397,920 Corporate bonds - 609,352 - 609,352 Mortgage servicing rights - - 270,416 270,416 Impaired loans with reserve - - 115,878 115,878 December 31, 2018 Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 3,865,080 $ - $ 3,865,080 Obligations of state and political subdivisions - 1,501,962 - 1,501,962 Corporate bonds - 3,508,735 - 3,508,735 U.S. treasury securities 192,324 - - 192,324 Mortgage servicing rights - - 234,344 234,344 Impaired loans with reserve - - 246,549 246,549
Schedule of Assets Reported on the Balance Sheets Fair Value on Nonrecurring Basis	June 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a nonrecurring basis: Other real estate owned $ - $ - $ 49,900 $ 49,900 December 31, 2018 Level I Level II Level III Total Fair value measurements on a nonrecurring basis: Other real estate owned $ - $ - $ 138,100 $ 138,100
Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement Process	The following table provides the significant unobservable inputs used in the fair value measurement process for items valued using Level III techniques: Fair Value at Range June 30, Valuation (Weighted 2019 Valuation Techniques Unobservable Inputs Average) (unaudited) Other real estate owned $ 49,900 Appraised collateral values Discount for time since appraisal 10 % (10 )% Selling costs 10 % (10 )% Impaired loans with reserve 115,878 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 270,416 Discounted cash flows Loan prepayment speeds 8.49% - 10.52 % (9.51 )% Fair Value at Range December 31, Valuation (Weighted 2018 Valuation Techniques Unobservable Inputs Average) Other real estate owned $ 138,100 Appraised collateral values Discount for time since appraisal 10 % (10 )% Selling costs 10 % (10 )% Impaired loans with reserve 246,549 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 234,344 Discounted cash flows Loan prepayment speeds 8.49%-10.52 % (9.69 %)
Schedule of Estimated Fair Values of the Bank's Financial Instruments	The estimated fair values of the Company’s financial instruments are as follows: June 30, 2019 (unaudited) Carrying Fair Value Value Level I Level II Level III Financial assets: Cash and cash equivalents $ 17,997,201 $ 17,997,201 $ 17,997,201 $ - $ - Certificates of deposit 2,715,000 2,828,000 - 2,828,000 - Investment securities: Available for sale 5,506,076 5,506,076 - 5,506,076 - Held to maturity 5,085 5,148 - 5,148 - Loans, net 158,275,178 166,378,178 - - 166,378,178 Accrued interest receivable 676,572 676,572 - 676,572 - FHLB Stock 2,763,800 2,763,800 - - 2,763,800 Financial liabilities: Deposits 142,290,260 144,030,260 50,359,010 - 93,671,250 FHLB advances 31,374,500 31,863,500 - 31,863,500 - Accrued interest payable 310,443 310,443 - 310,443 - December 31, 2018 Carrying Fair Value Value Level I Level II Level III Financial assets: Cash and cash equivalents $ 9,034,070 $ 9,034,070 $ 9,034,070 $ - $ - Certificates of deposit 846,000 837,828 - 837,828 - Investment securities: Available for sale 9,068,101 9,068,101 192,324 8,875,777 - Held to maturity 6,394 6,478 - 6,478 - Loans, net 158,529,657 159,275,657 - - 159,275,657 Accrued interest receivable 639,474 639,474 - 639,474 - FHLB Stock 2,651,400 2,651,400 - - 2,651,400 Financial liabilities: Deposits 136,108,766 134,639,766 42,989,629 - 91,650,137 FHLB advances 31,374,500 31,242,500 - 31,242,500 - Accrued interest payable 255,486 255,486 - 255,486 -

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Changes in Accumulated Other Comprehensive Income (Loss)	The following table presents the changes in accumulated other comprehensive income (loss) by component, net of tax: Net Unrealized Gain (Loss) on Securities Three months ended June 30, 2019 2018 Accumulated other comprehensive income (loss), beginning of period $ 33,796 $ (46,336 ) Other comprehensive income (loss) on securities before reclassification, net of tax 54,607 (386 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (35,394 ) - Net other comprehensive income (loss) 19,213 (386 ) Accumulated other comprehensive income (loss), end of period $ 53,009 $ (46,722 ) Net Unrealized Gain (Loss) on Securities Six months ended June 30, 2019 2018 (unaudited) Accumulated other comprehensive income (loss), beginning of period $ (74,623 ) $ (23,487 ) Other comprehensive income (loss) on securities before reclassification, net of tax 167,601 (23,235 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (39,969 ) - Net other comprehensive income (loss) 127,632 (23,235 ) Accumulated other comprehensive income (loss), end of period $ 53,009 $ (46,722 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
EARNINGS PER COMMON SHARE
Schedule of Computation of Earnings Per Share	Earnings per common share for the six months ended June 30, 2018 is not presented as the Company’s initial public offering was completed on January 24, 2018; therefore, per share results would not be meaningful. Three months ended Three months ended June 30, 2019 June 30, 2018 (unaudited) (unaudited) Net Income $ 104,570 $ 71,537 Shares outstanding for basic EPS: Average shares outstanding 2,248,315 2,248,250 Less: Average unearned ESOP shares 82,243 87,030 Shares outstanding for basic EPS 2,166,072 2,161,220 Additional dilutive shares 220 - Shares oustanding for diluted EPS 2,166,292 2,161,220 Basic income per share $ 0.05 $ 0.03 Diluted income per share $ 0.05 $ 0.03 Six months ended June 30, 2019 (unaudited) Net Income $ 217,283 Shares outstanding for basic EPS: Average shares outstanding 2,248,282 Less: Average unearned ESOP shares 82,791 Shares outstanding for basic EPS 2,165,491 Additional dilutive shares 683 Shares oustanding for diluted EPS 2,166,174 Basic income per share $ 0.10 Diluted income per share $ 0.10

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details Narrative) - $ / shares	Jan. 24, 2018	Jan. 24, 2018	Jun. 30, 2019	Dec. 31, 2018
Nature Of Operations And Basis Of Presentation [Line Items]
Number of common stock share issued				2,248,250
Number of shares purchase for employee stock ownership program			88,131	88,131
Plan Of Mutual Holding Company Reorganization And Minority Stock Issuance [Member]
Nature Of Operations And Basis Of Presentation [Line Items]
Number of common stock share issued		1,011,712
Stock price per share	$ 10	$ 10
Plan Of Mutual Holding Company Reorganization And Minority Stock Issuance [Member] | Employee Stock Option [Member]
Nature Of Operations And Basis Of Presentation [Line Items]
Stock price per share	$ 10	$ 10
Number of shares purchase for employee stock ownership program		88,131
Plan Of Mutual Holding Company Reorganization And Minority Stock Issuance [Member] | Subsidiaries [Member]
Nature Of Operations And Basis Of Presentation [Line Items]
Number of common stock share issued	1,236,538

Recent Accounting Standards (De

Recent Accounting Standards (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Statutory federal income tax rate	21.00%	34.00%
Retained Earnings [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of reclassification for Bank		$ 3,860
Accumulated Other Comprehensive (Gain) Loss [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amount of reclassification for Bank		$ (3,860)

Securities Available for Sale_2

Securities Available for Sale (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of investment securities		$ 2,943,675
5 Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 2,502,637	2,502,637
Associated gain on sale of securities available for sale	43,663
Proceeds from sale of investment securities	2,546,300
1 Municipal Bond [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	141,861	141,861
Associated gain on sale of securities available for sale	1,139	1,139
Proceeds from sale of investment securities	143,000	143,000
6 Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 2,751,221	2,751,221
Associated gain on sale of securities available for sale		49,454
Proceeds from sale of investment securities		$ 2,800,675
Mortgage-backed Securities in Government-Sponsored Entities [Member] | Minimum [Member]
Debt Securities, Available-for-sale [Line Items]
Contractual maturities range in years		1 year
Mortgage-backed Securities in Government-Sponsored Entities [Member] | Maximum [Member]
Debt Securities, Available-for-sale [Line Items]
Contractual maturities range in years		25 years

Securities Available for Sale -

Securities Available for Sale - Schedule of Securities Available for Sale (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 5,439,376	$ 9,162,962
Gross Unrealized Gains	67,955	653
Gross Unrealized Losses	(1,255)	(95,514)
Fair Value	5,506,076	9,068,101
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3,446,117	3,883,220
Gross Unrealized Gains	53,662	495
Gross Unrealized Losses	(975)	(18,635)
Fair Value	3,498,804	3,865,080
Obligations of State and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,396,626	1,540,053
Gross Unrealized Gains	1,574	153
Gross Unrealized Losses	(280)	(38,244)
Fair Value	1,397,920	1,501,962
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	596,633	3,547,246
Gross Unrealized Gains	12,719
Gross Unrealized Losses		(38,511)
Fair Value	$ 609,352	3,508,735
U.S. Treasury Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		192,443
Gross Unrealized Gains		5
Gross Unrealized Losses		(124)
Fair Value		$ 192,324

Securities Available for Sale_3

Securities Available for Sale - Schedule of Contractual Maturities (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Amortized Cost: Due within one year or less	$ 104,139
Amortized Cost: Due after one year through five years	1,150,783
Amortized Cost: Due after five years through ten years	791,597
Amortized Cost: Due after ten years	3,392,857
Amortized Cost: Total	5,439,376	$ 9,162,962
Fair Value: Due within one year or less	104,469
Fair Value: Due after one year through five years	1,163,510
Fair Value: Due after five years through ten years	792,426
Fair Value: Due after ten years	3,445,671
Fair Value: Total	$ 5,506,076	$ 9,068,101

Securities Held to Maturity (De

Securities Held to Maturity (Details Narrative)	6 Months Ended
	Jun. 30, 2019
Mortgage-backed Securities in Government-Sponsored Entities [Member] | Maximum [Member]
Contractual maturities range in years	contractual maturities ranging up to 9 years.

Securities Held to Maturity - S

Securities Held to Maturity - Schedule of Securities Held to Maturity (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 5,085	$ 6,394
Gross Unrealized Gains	53	84
Gross Unrealized Losses
Fair Value	5,148	6,478
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	5,085	6,394
Gross Unrealized Gains	63	84
Gross Unrealized Losses
Fair Value	$ 5,148	$ 6,478

Securities Held to Maturity -_2

Securities Held to Maturity - Schedule of Contractual Maturities (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 5,085	$ 6,394
Fair Value	5,148	6,478
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost, due within one year or less
Amortized cost, due after one year through five years	3,711
Amortized cost, due after five years through nine years	1,374
Amortized cost	5,085	6,394
Fair Value, due within one year or less
Fair Value, due after one year through five years	3,729
Fair Value, due after five years through nine years	1,419
Fair Value	$ 5,148	$ 6,478

Unrealized Losses on Securiti_3

Unrealized Losses on Securities (Details Narrative) - Integer	Jun. 30, 2019	Dec. 31, 2018
Number of temporarily impaired investments securities	6	25
Maximum [Member] | Bank's Amortized Cost Basis [Member]
Threshold limit of aggregate depreciation	1.00%
Maximum [Member] | Company's Amortized Cost Basis [Member]
Threshold limit of aggregate depreciation		2.00%

Unrealized Losses on Securiti_4

Unrealized Losses on Securities - Schedule of Unrealized Loss on Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	$ 108,336	$ 6,982,809
Less Than Twelve Months, Gross Unrealized Losses	(146)	(45,923)
Twelve Months or Greater, Fair Value	600,308	1,938,627
Twelve Months or Greater, Gross Unrealized Losses	(1,109)	(49,591)
Total, Fair Value	708,644	8,921,436
Total, Gross Unrealized Losses	(1,255)	(95,514)
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	53,133	3,458,555
Less Than Twelve Months, Gross Unrealized Losses	(127)	(7,806)
Twelve Months or Greater, Fair Value	311,751	341,423
Twelve Months or Greater, Gross Unrealized Losses	(848)	(10,829)
Total, Fair Value	364,884	3,799,978
Total, Gross Unrealized Losses	(975)	(18,635)
Obligations of State and Political Subdivisions [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	55,203	55,708
Less Than Twelve Months, Gross Unrealized Losses	(19)	(34)
Twelve Months or Greater, Fair Value	288,557	1,397,740
Twelve Months or Greater, Gross Unrealized Losses	(261)	(38,210)
Total, Fair Value	343,760	1,453,448
Total, Gross Unrealized Losses	$ (280)	(38,244)
Corporate Bonds [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value		3,309,271
Less Than Twelve Months, Gross Unrealized Losses		(37,959)
Twelve Months or Greater, Fair Value		199,464
Twelve Months or Greater, Gross Unrealized Losses		(552)
Total, Fair Value		3,508,735
Total, Gross Unrealized Losses		(38,511)
U.S. Treasury Securities [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value		159,275
Less Than Twelve Months, Gross Unrealized Losses		(124)
Twelve Months or Greater, Fair Value
Twelve Months or Greater, Gross Unrealized Losses
Total, Fair Value		159,275
Total, Gross Unrealized Losses		$ (124)

Loans (Details Narrative)

Loans (Details Narrative) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Bank transfer of loans	$ 10,800,000	$ 7,500,000

Loans - Schedule of Loan Portfo

Loans - Schedule of Loan Portfolio by Category (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	$ 159,389,508		$ 159,585,657
Third-party loan acquisition and other net origination costs	221,243		268,101
Discount on loans previously held for sale	(178,464)		(199,176)
Allowance for loan losses	(1,157,109)	$ (1,119,225)	(1,124,925)	$ (1,090,016)	$ (1,065,016)	$ (1,041,445)
Total	158,275,178		158,529,657
Mortgage Loans One-to-Four Family [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	72,448,267		75,520,850
Mortgage Loans Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	58,878,786		59,494,384
Mortgage Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	131,327,053		135,015,234
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	21,335,763		19,166,207
Allowance for loan losses	(276,496)	$ (261,015)	(263,721)	$ (134,880)	$ (86,102)	$ (80,854)
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	$ 6,726,692		$ 5,404,216

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details Narrative)	6 Months Ended
	Jun. 30, 2019USD ($)Integer	Jun. 30, 2018Integer	Dec. 31, 2018USD ($)
Receivables [Abstract]
Number of loans | Integer
Recorded investment of all loans modified as troubled debt restructurings | $	$ 46,980		$ 1,980

Allowance for Loan Losses - Sch

Allowance for Loan Losses - Schedule of Changes in the Allowance for Loan Losses and the Recorded Investment in Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	$ 1,119,225	$ 1,065,016	$ 1,124,925	$ 1,041,445
Allowance for loan losses Charge-offs	(13,189)		(64,389)	(16,429)
Allowance for loan losses Recoveries	1,073		1,073
Allowance for loan losses Provision (credit)	50,000	25,000	95,500	65,000
Allowance for loan losses Ending balance	1,157,109	1,090,016	1,157,109	1,090,016
Mortgage One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	436,575	514,729	422,539	513,846
Allowance for loan losses Charge-offs			(28,268)	(16,429)
Allowance for loan losses Recoveries
Allowance for loan losses Provision (credit)	10,122	(43,291)	52,426	(25,979)
Allowance for loan losses Ending balance	446,697	471,438	446,697	471,438
Mortgage Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	375,143	410,127	393,900	383,535
Allowance for loan losses Charge-offs			(22,932)
Allowance for loan losses Recoveries
Allowance for loan losses Provision (credit)	11,577	27,492	15,752	54,084
Allowance for loan losses Ending balance	386,720	437,619	386,720	437,619
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	261,015	86,102	263,721	80,854
Allowance for loan losses Charge-offs
Allowance for loan losses Recoveries	1,073		1,073
Allowance for loan losses Provision (credit)	14,408	48,778	11,702	54,026
Allowance for loan losses Ending balance	276,496	134,880	276,496	134,880
Consumer and HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	46,492	54,058	44,765	63,210
Allowance for loan losses Charge-offs	(13,189)		(13,189)
Allowance for loan losses Recoveries
Allowance for loan losses Provision (credit)	13,893	(7,979)	15,620	(17,131)
Allowance for loan losses Ending balance	$ 47,196	$ 46,079	$ 47,196	$ 46,079

Allowance for Loan Losses - S_2

Allowance for Loan Losses - Schedule of Primary Segments of the Loan Portfolio (Details) - USD ($)	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	$ 1,157,109	$ 1,119,225	$ 1,124,925	$ 1,090,016	$ 1,065,016	$ 1,041,445
Loans	159,389,508		159,585,657
Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	46,980		28,136
Loans	5,292,543		4,411,910
Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	1,110,129		1,096,789
Loans	154,096,965		155,173,747
Mortgage One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	446,697	436,575	422,539	471,438	514,729	513,846
Loans	72,448,267		75,520,850
Mortgage One-to-Four Family [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	46,980		28,136
Loans	2,910,846		2,486,210
Mortgage One-to-Four Family [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	399,717		394,403
Loans	69,537,421		73,034,640
Mortgage Commercial [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	386,720	375,143	393,900	437,619	410,127	383,535
Loans	58,878,786		59,494,384
Mortgage Commercial [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses
Loans	2,219,842		1,768,845
Mortgage Commercial [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	386,720		393,900
Loans	56,658,944		57,725,539
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	276,496	261,015	263,721	134,880	86,102	80,854
Loans	21,335,763		19,166,207
Commercial and Industrial [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses
Loans	155,660		155,660
Commercial and Industrial [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	276,496		263,721
Loans	21,180,103		19,010,547
Consumer and HELOC [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	47,196	$ 46,492	44,765	$ 46,079	$ 54,058	$ 63,210
Loans	6,726,692		5,404,216
Consumer and HELOC [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses
Loans	6,195		1,195
Consumer and HELOC [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	47,196		44,765
Loans	$ 6,720,497		$ 5,403,021

Allowance for Loan Losses - S_3

Allowance for Loan Losses - Schedule of Impaired Loans by Class (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 5,287,449	$ 4,411,910
Unpaid Principal Balance	5,292,543	4,411,910
Related Allowance	46,980	28,136
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	2,743,348	2,211,525
With no allowance recorded: Unpaid Principal Balance	2,747,988	2,211,525
With an allowance recorded: Recorded Investment	162,858	274,685
With an allowance recorded: Unpaid Principal Balance	162,858	274,685
With an allowance recorded: Related Allowance	46,980	28,136
Recorded Investment	2,906,206	2,486,210
Unpaid Principal Balance	2,910,846	2,486,210
Related Allowance	46,980	28,136
Mortgage Loans Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	2,219,388	1,768,845
With no allowance recorded: Unpaid Principal Balance	2,219,842	1,768,845
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid Principal Balance
With an allowance recorded: Related Allowance
Recorded Investment	2,219,388	1,768,845
Unpaid Principal Balance	2,219,842	1,768,845
Related Allowance
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	155,660	155,660
With no allowance recorded: Unpaid Principal Balance	155,660	155,660
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid Principal Balance
With an allowance recorded: Related Allowance
Recorded Investment	155,660	155,660
Unpaid Principal Balance	155,660	155,660
Related Allowance
Consumer and HELOC [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	6,195	1,195
With no allowance recorded: Unpaid Principal Balance	6,195	1,195
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid Principal Balance
With an allowance recorded: Related Allowance
Recorded Investment	6,195	1,195
Unpaid Principal Balance	6,195	1,195
Related Allowance

Allowance for Loan Losses - S_4

Allowance for Loan Losses - Schedule of Average Recorded Investment in Impaired Loans and Related Interest Income (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 4,845,277	$ 3,599,000	$ 4,435,132	$ 3,546,152
Interest Income Recognized	30,409	2,508	83,679	6,825
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	2,443,502	1,955,312	2,187,532	1,916,664
With no allowance recorded: Interest Income Recognized	15,002		40,459	432
With an allowance recorded: Average Recorded Investment	163,274	370,205	165,132	384,309
With an allowance recorded: Interest Income Recognized	796	2,301	3,921	5,720
Average Recorded Investment	2,606,776	2,325,517	2,352,664	2,300,973
Interest Income Recognized	15,798	2,301	44,380	6,152
Mortgage Loans Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	2,076,646	1,111,225	1,920,613	1,115,593
With no allowance recorded: Interest Income Recognized	14,611		36,810	466
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	2,076,646	1,111,225	1,920,613	1,115,593
Interest Income Recognized	14,611		36,810	466
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	155,660	114,780	155,660	84,221
With no allowance recorded: Interest Income Recognized			2,376
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	155,660	114,780	155,660	84,221
Interest Income Recognized			2,376
Consumer and HELOC [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	6,195	47,478	6,195	45,365
With no allowance recorded: Interest Income Recognized		207	113	207
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	6,195	47,478	6,195	45,365
Interest Income Recognized		$ 207	$ 113	$ 207

Allowance for Loan Losses - S_5

Allowance for Loan Losses - Schedule of Classes of the Loan Portfolio by Aging (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 5,061,764	$ 3,882,471
Current	154,327,744	155,703,186
Total Loans Receivable	159,389,508	159,585,657
90 Days or Greater Still Accruing
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	3,368,318	2,631,240
Current	69,079,949	72,889,610
Total Loans Receivable	72,448,267	75,520,850
90 Days or Greater Still Accruing
Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,116,272	1,094,376
Current	57,762,514	58,400,008
Total Loans Receivable	58,878,786	59,494,384
90 Days or Greater Still Accruing
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	537,695	155,660
Current	20,798,068	19,010,547
Total Loans Receivable	21,335,763	19,166,207
90 Days or Greater Still Accruing
Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	39,479	1,195
Current	6,687,213	5,403,021
Total Loans Receivable	6,726,692	5,404,216
90 Days or Greater Still Accruing
30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	612,586	305,412
30 to 59 Days Past Due [Member] | Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	217,143	305,412
30 to 59 Days Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	382,035
30 to 59 Days Past Due [Member] | Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	13,408
60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,583,568	624,784
60 to 89 Days Past Due [Member] | Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,563,692	624,784
60 to 89 Days Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
60 to 89 Days Past Due [Member] | Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	19,876
90 Days or Greater Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,865,610	2,952,275
90 Days or Greater Past Due [Member] | Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,587,483	1,701,044
90 Days or Greater Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,116,272	1,094,376
90 Days or Greater Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	155,660	155,660
90 Days or Greater Past Due [Member] | Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 6,195	$ 1,195

Allowance for Loan Losses - S_6

Allowance for Loan Losses - Schedule of Loans on Nonaccrual Status (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	$ 2,828,544	$ 3,553,498
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	1,796,303	2,302,267
Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	870,386	1,094,376
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	155,660	155,660
Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	$ 6,195	$ 1,195

Allowance for Loan Losses - S_7

Allowance for Loan Losses - Schedule of Risk Category of Loans (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 159,389,508	$ 159,585,657
Mortgage Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	58,878,786	59,494,384
Mortgage Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	56,705,468	57,773,482
Mortgage Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	25,648
Mortgage Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	2,147,670	1,720,902
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	21,335,763	19,166,207
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	17,205,501	15,028,078
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	3,974,602	3,982,469
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 155,660	$ 155,660

Allowance for Loan Losses - S_8

Allowance for Loan Losses - Schedule of Balances of Loans by Class Based on Payment Performance (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 159,389,508	$ 159,585,657
Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	72,448,267	75,520,850
Consumer and HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	6,726,692	5,404,216
Performing Financial Instruments [Member] | Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	70,651,964	73,218,583
Performing Financial Instruments [Member] | Consumer and HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	6,720,497	5,403,021
Nonperforming Financial Instruments [Member] | Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	1,796,303	2,302,267
Nonperforming Financial Instruments [Member] | Consumer and HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 6,195	$ 1,195

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($)	May 23, 2019	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	20.00%
Number of shares purchase for employee stock ownership program			88,131	88,131
ESOP compensation expense		$ 9,265	$ 18,860
Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			20.00%
Vesting period			2 years
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			40.00%
Vesting period			3 years
Employee Stock Option [Member] | Share-based Compensation Award, Tranche Three [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			60.00%
Vesting period			4 years
Employee Stock Option [Member] | Share Based Compensation Award Tranche Four [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			80.00%
Vesting period			5 years
Employee Stock Option [Member] | Share Based Compensation Award Tranche Five [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			100.00%
Vesting period			6 years

Stock Compensation Plan (Detail

Stock Compensation Plan (Details Narrative) - USD ($)	May 23, 2019	May 31, 2019	Jun. 30, 2019	Jun. 30, 2019
Exercise of stock options
Shares of restricted stock and stock options vesting percentage	20.00%
Stock options outstanding were exercisable			27,540	27,540
Stock options outstanding not yet exercisable			27,540	27,540
Exercise price of stock otions			$ 8.35	$ 8.35
Weighted average remaining contractual life				10 years
Pretax compensation expense				$ 4,000
Non-Employee Director [Member] | Stock Option [Member]
Number of shares awarded	27,540			82,624
Non-Employee Director [Member] | Restricted Stock [Member]
Number of shares awarded	11,015			33,050
2019 Equity Incentive Plan [Member]
Authorizing the grant of options or restricted stock		154,229
Exercise of stock options		110,164
Maximum number of shares of stock issued as restricted stock awards, restricted stock units, or performances shares		44,065
Stock option, description		The exercise price at which a granted stock option may be exercised will not be less than 100% of the fair market value per share of common stock on the Grant Date. The maximum term of any option granted under the Plan cannot exceed 10 years.
Unrecognized compensation expense			$ 112,000	$ 112,000

Stock Compensation Plan - Sched

Stock Compensation Plan - Schedule of Nonvested Restricted Stock Under Plan (Details) - Restricted Stock [Member] - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Number of restricted shares, Non-vested, Beginning
Number of restricted shares, Non-vested, Granted	11,015	11,015
Number of restricted shares, Non-vested, Vested
Number of restricted shares, Non-vested, Forfeited
Number of restricted shares, Non-vested, Ending	11,015	11,015
Weighted average grant date price per share, Non-vested, Beginning
Weighted average grant date price per share, Non-vested, Granted	8.35	8.35
Weighted average grant date price per share, Non-vested, Vested
Weighted average grant date price per share, Non-vested, Forfeited
Weighted average grant date price per share, Non-vested, Ending	$ 8.35	$ 8.35

Stock Compensation Plan - Sch_2

Stock Compensation Plan - Schedule of Stock Option Activity (Details) - $ / shares	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Retirement Benefits [Abstract]
Number of shares, Outstanding, Beginning
Number of shares, Granted	27,540	27,540
Number of shares, Exercised
Number of shares, Forfeited
Number of shares, Outstanding, Ending	27,540	27,540
Weighted Average Exercise Price, Outstanding Beginning
Weighted Average Exercise Price, Granted	8.35	8.35
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited
Weighted Average Exercise Price, Outstanding Ending	8.35	8.35
Weighted Average Exercise Price, Exercisable Ending
Weighted average fair value of options granted in current year	$ 0.97	$ 0.97

Stock Compensation Plan - Sch_3

Stock Compensation Plan - Schedule of Stock Option Fair Value Assumption (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Retirement Benefits [Abstract]
Risk-free interest rate	2.00%	2.00%
Expected lives in years	10 years	10 years
Expected volatility	8.86%	8.86%
Expected Forfeiture rate	10.00%	10.00%
Expected dividend rate	1.50%	1.50%

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details Narrative)	Jun. 30, 2019	Dec. 31, 2018
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Common equity tier one risk based capital required for capital adequacy to risk weighted assets	4.50%
Tier one risk based capital required for capital adequacy to risk weighted assets	6.00%	6.00%
Capital required for capital adequacy to risk weighted assets	8.00%	8.00%
Tier one leverage capital required for capital adequacy to average assets	4.00%	4.00%
Percentage of Tier 1 capital greater than risk weighted assets	2.50%
Minimum percentage of capital conservation buffer as of January 1, 2018	1.875%
Percentage of capital conservation buffer on January 1, 2019	2.50%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Schedule of Bank's Actual Capital Amounts and Ratios (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	$ 20,634,723	$ 20,393,710
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	14.51%	14.22%
Common equity Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 6,398,910	$ 6,453,270
Common equity Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Ratio	4.50%	4.50%
Common equity Tier 1 capital (to risk-weighted assets), To be well capitalized Amount	$ 9,242,870	$ 9,321,390
Common equity Tier 1 capital (to risk-weighted assets), To be well capitalized Ratio	6.50%	6.50%
Tier 1 capital (to risk-weighted assets), Actual Amount	$ 20,634,723	$ 20,393,710
Tier 1 capital (to risk-weighted assets), Actual Ratio	14.51%	14.22%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 8,531,880	$ 8,604,360
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Ratio	6.00%	6.00%
Tier 1 capital (to risk-weighted assets), To be well capitalized Amount	$ 11,375,840	$ 11,472,480
Tier 1 capital (to risk-weighted assets), To be well capitalized Ratio	8.00%	8.00%
Total capital (to risk-weighted assets), Actual Amount	$ 21,791,832	$ 21,518,635
Total capital (to risk-weighted assets), Actual Ratio	15.32%	15.01%
Total capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 11,375,840	$ 11,472,480
Total capital (to risk-weighted assets), For capital adequacy purposes Ratio	8.00%	8.00%
Total capital (to risk-weighted assets), To be well capitalized Amount	$ 14,219,800	$ 14,340,600
Total capital (to risk-weighted assets), To be well capitalized Ratio	10.00%	10.00%
Tier 1 capital (to average assets), Actual Amount	$ 20,634,723	$ 20,393,710
Tier 1 capital (to average assets), Actual Ratio	10.62%	11.59%
Tier 1 capital (to average assets), For capital adequacy purposes Amount	$ 7,773,358	$ 7,036,287
Tier 1 capital (to average assets), For capital adequacy purposes Ratio	4.00%	4.00%
Tier 1 capital (to average assets), To be well capitalized Amount	$ 9,716,697	$ 8,795,358
Tier 1 capital (to average assets), To be well capitalized Ratio	5.00%	5.00%

Commitments - Schedule of Off-B

Commitments - Schedule of Off-Balance Sheet Commitments (Details)	Jun. 30, 2019USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	$ 15,351,649
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	1,037,750
Construction Unadvanced Funds [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	3,960,371
Unused Lines of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	7,492,393
Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	$ 2,861,135

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Reported On the Balance Sheets Fair Value on Recurring Basis (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 5,506,076	$ 9,068,101
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,498,804	3,865,080
Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,397,920	1,501,962
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	609,352	3,508,735
U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		192,324
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		192,324
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	5,506,076	8,875,777
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Mortgage-backed Securities in Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,498,804	3,865,080
Fair Value, Measurements, Recurring [Member] | Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,397,920	1,501,962
Fair Value, Measurements, Recurring [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	609,352	3,508,735
Fair Value, Measurements, Recurring [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	270,416	234,344
Fair Value, Measurements, Recurring [Member] | Impaired Loans with Reserve [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	115,878	246,549
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		192,324
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage-backed Securities in Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Impaired Loans with Reserve [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale		192,324
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage-backed Securities in Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	3,498,804	3,865,080
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,397,920	1,501,962
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	609,352	3,508,735
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Impaired Loans with Reserve [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage-backed Securities in Government-Sponsored Entities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Obligations of State and Political Subdivisions [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	270,416	234,344
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans with Reserve [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 115,878	246,549
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U.S. Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Assets Reported On the Balance Sheets Fair Value on Nonrecurring Basis (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 49,900	$ 138,100
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	49,900	138,100
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 49,900	$ 138,100

Fair Value Measurements - Sch_3

Fair Value Measurements - Schedule of Significant Unobservable Inputs Used in the Fair Value Measurement Process (Details) - Fair Value, Inputs, Level 3 [Member] - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other real estate owned, Fair Value	$ 49,900	$ 138,100
Impaired loans with reserve, Fair Value	115,878	246,549
Mortgage servicing rights, Fair Value	$ 270,416	$ 234,344
Weighted Average [Member] | Valuation Technique Appraised Collateral Values [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average [Member] | Valuation Unobservable Inputs Discount For Time Since Appraisal [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average One [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	(10.00%)	(10.00%)
Weighted Average Two [Member] | Valuation Unobservable Inputs Selling Costs [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average Three [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	(10.00%)	(10.00%)
Weighted Average Four [Member] | Valuation Technique Discounted Cash Flows [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average Four [Member] | Valuation Unobservable Inputs Discount for Evaluation [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average Five [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	(10.00%)	(10.00%)
Weighted Average Six [Member] | Valuation Unobservable Inputs Selling Costs [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.00%	10.00%
Weighted Average Seven [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	(10.00%)	(10.00%)
Weighted Average Eight [Member] | Valuation Technique Discounted Cash Flows [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	8.49%	8.49%
Weighted Average Eight [Member] | Valuation Technique Discounted Cash Flows [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.52%	10.52%
Weighted Average Eight [Member] | Valuation Unobservable Inputs Loan Prepayment Speeds [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	8.49%	8.49%
Weighted Average Eight [Member] | Valuation Unobservable Inputs Loan Prepayment Speeds [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	10.52%	10.52%
Weighted Average Nine [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value measurement Weighted Average rate	(9.51%)	(9.69%)

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Estimated Fair Values of the Bank's Financial Instruments (Details) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Certificates of deposit	$ 2,715,000	$ 846,000
Investment securities: Available for sale	5,506,076	9,068,101
Investment securities: Held to maturity	5,148	6,478
Investment securities: Accrued interest receivable	676,572	639,474
Financial liabilities: Accrued interest payable	310,443	255,486
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents	17,997,201	9,034,070
Financial assets: Certificates of deposit
Investment securities: Available for sale		192,324
Investment securities: Held to maturity
Investment securities: Loans, net
Investment securities: Accrued interest receivable
Investment securities: FHLB stock
Financial liabilities: Deposits	50,359,010	42,989,629
Financial liabilities: FHLB advances
Financial liabilities: Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents
Financial assets: Certificates of deposit	2,828,000	837,828
Investment securities: Available for sale	5,506,076	8,875,777
Investment securities: Held to maturity	5,148	6,478
Investment securities: Loans, net
Investment securities: Accrued interest receivable	676,572	639,474
Investment securities: FHLB stock
Financial liabilities: Deposits
Financial liabilities: FHLB advances	31,863,500	31,242,500
Financial liabilities: Accrued interest payable	310,443	255,486
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents
Financial assets: Certificates of deposit
Investment securities: Available for sale
Investment securities: Held to maturity
Investment securities: Loans, net	166,378,178	159,275,657
Investment securities: Accrued interest receivable
Investment securities: FHLB stock	2,763,800	2,651,400
Financial liabilities: Deposits	93,671,250	91,650,137
Financial liabilities: FHLB advances
Financial liabilities: Accrued interest payable
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents	17,997,201	9,034,070
Financial assets: Certificates of deposit	2,715,000	846,000
Investment securities: Available for sale	5,506,076	9,068,101
Investment securities: Held to maturity	5,085	6,394
Investment securities: Loans, net	158,275,178	158,529,657
Investment securities: Accrued interest receivable	676,572	639,474
Investment securities: FHLB stock	2,763,800	2,651,400
Financial liabilities: Deposits	142,290,260	136,108,766
Financial liabilities: FHLB advances	31,374,500	31,374,500
Financial liabilities: Accrued interest payable	310,443	255,486
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents	17,997,201	9,034,070
Financial assets: Certificates of deposit	2,828,000	837,828
Investment securities: Available for sale	5,506,076	9,068,101
Investment securities: Held to maturity	5,148	6,478
Investment securities: Loans, net	166,378,178	159,275,657
Investment securities: Accrued interest receivable	676,572	639,474
Investment securities: FHLB stock	2,763,800	2,651,400
Financial liabilities: Deposits	144,030,260	134,639,766
Financial liabilities: FHLB advances	31,863,500	31,242,500
Financial liabilities: Accrued interest payable	$ 310,443	$ 255,486

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Schedule of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			$ (74,623)
Net other comprehensive income (loss)	$ 19,213	$ (386)	127,632	$ (23,235)	$ (51,136)
Accumulated other comprehensive income (loss), end of period	53,009		53,009		(74,623)
Net Unrealized Gain (Loss) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period	33,796	(46,336)	(74,623)	(23,487)	(23,487)
Other comprehensive income (loss) on securities before reclassification, net of tax	54,607	(386)	167,601	(23,235)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(35,394)		(39,969)
Net other comprehensive income (loss)	19,213	(386)	127,632	(23,235)
Accumulated other comprehensive income (loss), end of period	$ 53,009	$ (46,722)	$ 53,009	$ (46,722)	$ (74,623)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
EARNINGS PER COMMON SHARE
Net Income	$ 104,570	$ 71,537	$ 217,283	$ 118,793	$ 380,416
Average shares outstanding	2,248,315	2,248,250	2,248,282
Less: Average unearned ESOP shares	82,243	87,030	82,791
Shares outstanding for basic EPS	2,166,072	2,161,220	2,165,491
Additional dilutive shares	220		683
Shares outstanding for diluted EPS	2,166,292	2,161,220	2,166,174
Basic income per share	$ 0.05	$ 0.03	$ 0.10
Diluted income per share	$ 0.05	$ 0.03	$ 0.10