SSB Bancorp (SSBP) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 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	Sep. 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	Q3
Document Fiscal Year Focus	2019

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 4,446,227	$ 2,428,542
Interest-bearing deposits with other financial institutions	14,787,332	6,605,528
Cash and cash equivalents	19,233,559	9,034,070
Certificates of deposit	2,715,000	846,000
Securities available for sale	8,534,477	9,068,101
Securities held to maturity (fair value of $4,576, and $6,478, respectively)	4,516	6,394
Loans	160,367,383	159,654,582
Allowance for loan losses	(1,159,457)	(1,124,925)
Net loans	159,207,926	158,529,657
Accrued interest receivable	676,076	639,474
Federal Home Loan Bank stock, at cost	2,845,700	2,651,400
Premises and equipment, net	4,273,736	4,335,514
Bank-owned life insurance	2,478,126	2,429,014
Deferred tax asset, net	289,357	312,623
Other assets	924,655	940,098
TOTAL ASSETS	201,183,128	188,792,345
Deposits:
Noninterest-bearing demand	6,195,773	5,698,782
Interest-bearing demand	17,545,696	8,386,431
Money market	29,327,879	16,020,446
Savings	1,470,317	12,883,970
Time	93,489,172	93,119,137
Total deposits	148,028,837	136,108,766
Federal Home Loan Bank advances	31,374,500	31,374,500
Advances by borrowers for taxes and insurance	392,224	685,195
Accrued interest payable	286,541	255,486
Other liabilities	349,082	49,311
TOTAL LIABILITIES	180,431,184	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 2,249,168 shares issued and outstanding at $0.01 par value	22,492	22,483
Paid-in capital	8,698,407	8,692,971
Retained earnings	12,822,337	12,515,501
Unearned Employee Stock Ownership Plan (ESOP)	(804,196)	(837,245)
Accumulated other comprehensive loss	12,904	(74,623)
TOTAL STOCKHOLDERS' EQUITY	20,751,944	20,319,087
TOTAL LIABILITIES AND STOCKHOLERS' EQUITY	$ 201,183,128	$ 188,792,345

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Fair value of held-to-maturity securities	$ 4,576	$ 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	2,249,168	2,249,168
Common stock, shares outstanding	2,249,168	2,249,168
Common stock, par value	$ 0.01	$ 0.01

Consolidated Statements of Net

Consolidated Statements of Net Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
INTEREST INCOME
Loans, including fees	$ 1,927,847	$ 1,683,360	$ 5,599,418	$ 4,771,307
Interest-bearing deposits with other financial institutions	64,691	25,985	225,805	59,892
Certificates of deposit	18,795	3,801	29,993	11,295
Investment securities:
Taxable	88,971	66,977	284,799	153,804
Exempt from federal income tax	6,880	8,202	22,389	25,081
Total interest income	2,107,184	1,788,325	6,162,404	5,021,379
INTEREST EXPENSE
Deposits	738,586	578,042	2,155,630	1,551,743
Federal Home Loan Bank advances and other bank obligations	225,762	177,220	647,510	486,861
Total interest expense	964,348	755,262	2,803,140	2,038,604
NET INTEREST INCOME	1,142,836	1,033,063	3,359,264	2,982,775
Provision for loan losses	53,000	50,000	148,500	115,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	1,089,836	983,063	3,210,764	2,867,775
NONINTEREST INCOME
Securities gains, net			50,593
Gain on sale of loans	85,485	62,873	221,946	157,552
Loan servicing fees	42,485	35,047	122,162	103,876
Earnings on bank-owned life insurance	16,549	18,110	49,112	53,368
Other	13,862	18,632	45,409	46,327
Total noninterest income	158,381	134,662	489,222	361,123
NONINTEREST EXPENSE
Salaries and employee benefits	518,544	458,104	1,579,202	1,285,699
Occupancy	94,440	93,123	294,278	280,232
Professional fees	167,427	144,514	430,712	557,113
Federal deposit insurance	44,500	41,000	153,500	129,500
Data processing	119,227	93,487	326,123	243,573
Director fees	33,194	41,153	97,142	111,441
Contributions and donations	16,750	23,027	53,469	55,877
Other	133,963	110,114	399,295	347,937
Total noninterest expense	1,128,045	1,004,522	3,333,721	3,011,372
Income before income taxes	120,172	113,203	366,265	217,526
Provision for income taxes	30,619	18,369	59,429	19,137
NET INCOME	$ 89,553	$ 94,834	$ 306,836	$ 198,389
EARNINGS PER COMMON SHARE
Basic	$ 0.04	$ 0.04	$ 0.14
Diluted	$ 0.04	$ 0.04	$ 0.14
AVERAGE COMMON SHARES OUTSTANDING
Basic	2,167,659	2,162,873	2,166,221
Diluted	2,167,659	2,162,873	2,166,442
DIVIDENDS DECLARED PER COMMON SHARE
COMPREHENSIVE INCOME	$ 49,448	$ 38,802	$ 394,363	$ 119,122

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 89,553	$ 94,834	$ 306,836	$ 198,389
Other comprehensive income (loss):
Net change in unrealized gain (loss) on available-for-sale securities	(50,766)	(30,195)	161,387	(60,008)
Income tax effect	10,661	(25,837)	(33,891)	(19,259)
Reclassification adjustment for net securities (gains) losses recognized in income			(50,593)
Income tax effect included in provision for income taxes			10,624
Other comprehensive income (loss), net of tax	(40,105)	(56,032)	87,527	(79,267)
Total comprehensive income	$ 49,448	$ 38,802	$ 394,363	$ 119,122

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			306,836			306,836
Other comprehensive income					87,527	87,527
Refund on offering expenses		1,005				1,005
Stock compensation plan	9	9,653				9,662
Amortization of ESOP		(5,222)		33,049		27,827
Balance at Sep. 30, 2019	$ 22,492	$ 8,698,407	$ 12,822,337	$ (804,196)	$ 12,904	$ 20,751,944

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - shares	9 Months Ended	12 Months Ended
	Sep. 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		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
OPERATING ACTIVITIES
Net income	$ 89,553	$ 94,834	$ 306,836	$ 198,389	$ 380,416
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	53,000	50,000	148,500	115,000
Depreciation			127,543	115,201
Net amortization of investment securities			30,163	11,489
Loss on sale of portfolio loans			12,178
Origination of loans held for sale			(8,340,950)	(8,134,750)
Proceeds from sale of loans			8,575,074	8,292,303
Gain on sale of loans			(234,124)	(157,553)
Gain on other real estate owned			(380)
Amortization of net deferred loan origination costs			52,832
Deferred income tax provision				(14,646)
Gain on sale of investments			(50,593)
Increase in accrued interest receivable			(36,602)	(80,874)
Increase in accrued interest payable			31,055	38,501
Stock compensation expense			9,662
Amortization of ESOP			27,827	30,945
Increase in bank owned life insurance			(49,112)	(53,369)
Other, net			255,282	729,640
Net cash provided by (used in) operating activities			865,191	1,090,276
INVESTING ACTIVITIES
Purchase of certificates of deposit			(2,217,000)	(248,000)
Redemption of certificates of deposit			348,000	345,000
Investment securities available for sale:
Purchases			(3,582,107)	(6,651,661)
Proceeds from sales			2,943,675
Proceeds from principal repayments, calls, and maturities			1,303,279	232,898
Investment securities held to maturity:
Proceeds from principal repayments, calls, and maturities			1,878	2,688
Redemption of Federal Home Loan Bank stock			168,200	174,400
Purchase of Federal Home Loan Bank stock			(362,500)	(626,700)
Purchases of loans			(2,388,950)
Increase in loans receivable, net			(2,072,356)	(16,154,301)
Proceeds from sale of portfolio loans			3,569,527
Proceeds from sale of other real estate owned			60,312
Purchases of premises and equipment			(65,765)	(128,408)
Net cash (used for) provided by investing activities			(2,293,807)	(23,054,084)
FINANCING ACTIVITIES
Increase (decrease) in deposits, net			11,920,071	(1,063,652)
Increase in advances by borrowers for taxes and insurance			(292,971)	(370,707)
Net proceeds from stock offering				8,718,527
Refund on offering expenses			1,005
Purchase of ESOP shares				(881,310)
Repayment of Federal Home Loan Bank advances				(9,291,700)
Proceeds from Federal Home Loan Bank advances				14,250,000
Decrease in prepaid reorgainization and stock issuance costs
Net cash provided by (used in) financing activities			11,628,105	11,361,158
Increase (decrease) in cash and cash equivalents			10,199,489	(10,602,650)
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	$ 19,233,559	$ 5,875,416	19,233,559	5,875,416	$ 9,034,070
Cash paid during the year for:
Interest			2,772,085	2,000,103
Income taxes				135,241
Noncash investing activities:
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	9 Months Ended
	Sep. 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 September 30, 2019, and for the three and nine months ended September 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 nine months ended September 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 derived from 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 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	9 Months Ended
	Sep. 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 has opted to 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	9 Months Ended
	Sep. 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: September 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 6,014,770 $ 20,206 $ (23,351 ) $ 6,011,625 Obligations of state and political subdivisions 1,394,969 1,941 (13 ) 1,396,897 Corporate bonds 1,108,805 17,150 - 1,125,955 Total $ 8,518,544 $ 39,297 $ (23,364 ) $ 8,534,477 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 30 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. September 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ 104,198 104,491 Due after one year through five years 1,146,016 1,157,807 Due after five years through ten years 1,301,982 1,308,276 Due after ten years 5,966,348 5,963,903 Total $ 8,518,544 $ 8,534,477 For the three months ended September 30, 2019, there were no sales of investments available for sale. For the nine months ended September 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 three or nine months ended September 30, 2018.

Securities Held to Maturity

Securities Held to Maturity	9 Months Ended
	Sep. 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: September 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 4,516 $ 60 $ - $ 4,576 Total $ 4,516 $ 60 $ - $ 4,576 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. September 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ - $ - Due after one year through five years 3,177 3,193 Due after five years through nine years 1,339 1,383 Total $ 4,516 $ 4,576

Unrealized Losses on Securities

Unrealized Losses on Securities	9 Months Ended
	Sep. 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: September 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 $ 3,484,451 $ (21,181 ) $ 292,421 $ (2,170 ) $ 3,776,872 $ (23,351 ) Obligations of state and political subdivisions 24,987 (13 ) - - 24,987 (13 ) Total $ 3,509,438 $ (21,194 ) $ 292,421 $ (2,170 ) $ 3,801,859 $ (23,364 ) 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 Company’s investment positions monthly. There were 8 investments that were temporarily impaired as of September 30, 2019, with aggregate depreciation of less than 1 percent of the Company’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 September 30, 2019 and December 31, 2018, the declines outlined in the above table represent temporary declines and the Company 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	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Loans	6. LOANS The Company’s loan portfolio summarized by category is as follows: September 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 69,415,053 $ 75,520,850 Commercial 62,486,946 59,494,384 131,901,999 135,015,234 Commercial and industrial 22,628,993 19,166,207 Consumer 5,826,158 5,404,216 160,357,150 159,585,657 Third-party loan acquisition and other net origination costs 186,172 268,101 Discount on loans previously held for sale (175,939 ) (199,176 ) Allowance for loan losses (1,159,457 ) (1,124,925 ) Total $ 159,207,926 $ 158,529,657 The Company’s primary business activity is with customers located in Pittsburgh and surrounding communities. The Company’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 Company’s underwriting policies. During the normal course of business, the Company 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 Company had transferred $10.7 million and $7.5 million in participation loans as of September 30, 2019 and December 31, 2018, respectively, to other financial institutions. As of September 30, 2019, and December 31, 2018, all these loans were being serviced by the Company.

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 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 months ended September 30, 2019 (unaudited) and 2018 (unaudited), respectively: Mortgage Mortgage Commercial Consumer Three months ended September 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Charge-offs - - (50,652 ) - (50,652 ) Recoveries - - - - - Provision (28,069 ) 106,147 (4,155 ) (20,923 ) 53,000 Ending balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 Mortgage Mortgage Commercial Consumer Three months ended September 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016 Charge-offs - - (9,270 ) (29,146 ) (38,416 ) Recoveries - - - - - Provision (credit) (33,194 ) (46,940 ) 104,987 25,147 50,000 Ending balance $ 438,244 $ 390,679 $ 230,597 $ 42,080 $ 1,101,600 Mortgage Mortgage Commercial Consumer Nine months ended September 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 ) (50,652 ) (13,189 ) (115,041 ) Recoveries - - 1,073 - 1,073 Provision 24,357 121,899 7,547 (5,303 ) 148,500 Ending balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 Mortgage Mortgage Commercial Consumer Nine months ended September 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 ) - (9,270 ) (29,146 ) (54,845 ) Recoveries - - - - - Provision (credit) (59,173 ) 7,144 159,013 8,016 115,000 Ending balance $ 438,244 $ 390,679 $ 230,597 $ 42,080 $ 1,101,600 The following tables summarize the loan portfolio and allowance for loan losses by the primary segments of the loan portfolio as of September 30, 2019 (unaudited), and December 31, 2018. Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total September 30, 2019 Allowance for loan losses: Loans deemed impaired $ 43,180 $ - $ - $ - $ 43,180 Loans not deemed impaired 375,448 492,867 221,689 26,273 1,116,277 Ending Balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 September 30, 2019 Loans: Loans deemed impaired $ 3,862,536 $ 2,322,992 $ 1,404,568 $ 6,195 $ 7,596,291 Loans not deemed impaired 65,552,517 60,163,954 21,224,425 5,819,963 152,760,859 Ending Balance $ 69,415,053 $ 62,486,946 $ 22,628,993 $ 5,826,158 $ 160,357,150 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 September 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. September 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 $ 3,701,676 $ 3,725,924 $ - $ 2,211,525 $ 2,211,525 $ - Commercial 2,322,992 $ 2,335,759 - 1,768,845 $ 1,768,845 - Commercial and Industrial 1,404,568 $ 1,455,220 - 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 160,860 160,923 43,180 274,685 274,685 28,136 Commercial - - - - - - Commercial and Industrial - - - - - - Consumer and HELOC - - - - - - Total mortgage loans: One-to-four family 3,862,536 3,886,847 43,180 2,486,210 2,486,210 28,136 Commercial 2,322,992 2,335,759 - 1,768,845 1,768,845 - Commercial and Industrial 1,404,568 1,455,220 - 155,660 155,660 - Consumer and HELOC 6,195 6,195 - 1,195 1,195 - Total $ 7,596,291 $ 7,684,021 $ 43,180 $ 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 Three Months Ended (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 3,592,680 $ 12,468 $ 2,051,434 $ 8,881 Commercial 2,292,069 13,511 1,555,260 5,125 Commercial and industrial 541,458 - 142,033 - Consumer and HELOC 6,195 - 23,461 298 With an allowance recorded: Mortgage loans: One-to-four family 161,372 766 355,222 1,902 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 3,754,052 13,234 2,406,656 10,783 Commercial 2,292,069 13,511 1,555,260 5,125 Commercial and industrial 541,458 - 142,033 - Consumer and HELOC 6,195 - 23,461 298 Total $ 6,593,774 $ 26,745 $ 4,127,410 $ 16,206 Nine Months Ended Nine Months Ended (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,655,914 $ 42,401 $ 1,961,587 $ 9,313 Commercial 2,044,432 37,417 1,262,149 6,669 Commercial and industrial 284,259 - 105,142 - Consumer and HELOC 6,195 - 38,063 505 With an allowance recorded: Mortgage loans: One-to-four family 163,879 2,372 374,613 7,622 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,819,793 44,773 2,336,200 16,935 Commercial 2,044,432 37,417 1,262,149 6,669 Commercial and industrial 284,259 - 105,142 - Consumer and HELOC 6,195 - 38,063 505 Total $ 5,154,679 $ 82,190 $ 3,741,554 $ 24,109 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: September 30, 2019 (unaudited) 30-59 60-89 90 Days 90 Days or Days Days or Greater Total Past Total Loans Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 660,001 1,443,947 1,990,438 4,094,386 $ 65,320,667 $ 69,415,053 $ - Commercial 730,396 636,147 199,362 1,565,905 60,921,041 62,486,946 - Commercial and industrial 1,863,458 951,863 50,652 2,865,973 19,763,020 22,628,993 - Consumer and HELOC 2,535 65,456 6,195 74,186 5,751,972 5,826,158 - Total $ 3,256,390 $ 3,097,413 $ 2,246,647 $ 8,600,450 $ 151,756,700 $ 160,357,150 $ - December 31, 2018 30-59 60-89 90 Days Total Past Total 90 Days or 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: September 30, 2019 December 31, 2018 (unaudited) Mortgage loans: One-to-four family $ 2,445,442 $ 2,302,267 Commercial 1,378,589 1,094,376 Commercial and industrial 1,404,568 155,660 Consumer and HELOC 6,195 1,195 Total $ 5,234,794 $ 3,553,498 Credit Quality Information The Company 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 Company analyzes commercial loans individually by classifying the loans as to their credit risk. The Company 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: Credit Quality Information The risk category of loans by class is as follows: September 30, 2019 (unaudited) December 31, 2018 Mortgage Commercial and Mortgage Commercial and Commercial Industrial Commercial Industrial Loans rated 1 - 5 $ 60,749,409 $ 18,667,148 $ 57,773,482 $ 15,028,078 Loans rated 6 25,262 3,961,845 - 3,982,469 Loans rated 7 1,712,275 - 1,720,902 155,660 Ending balance $ 62,486,946 $ 22,628,993 $ 59,494,384 $ 19,166,207 There were no loans classified as doubtful or loss at September 30, 2019, or December 31, 2018. For one-to-four family mortgage and consumer and HELOC loans, the Company 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: September 30, 2019 (unaudited) December 31, 2018 Mortgage Consumer Mortgage Consumer One-to-Four and One-to-Four and Family HELOC Family HELOC Performing $ 66,969,611 $ 5,819,963 $ 73,218,583 $ 5,403,021 Nonperforming 2,445,442 6,195 2,302,267 1,195 Total $ 69,415,053 $ 5,826,158 $ 75,520,850 $ 5,404,216 Troubled Debt Restructurings There was one loan modified as a troubled debt restructuring during the three months ended September 30, 2019 (unaudited). The loan was a one-to-four family mortgage and had a pre- and post-modification balance of $920,943. The concession granted by the Company was a deferment of a portion of interest to the maturity date of the loan. There were no additional loans modified as troubled debt restructurings in the nine months ended September 30, 2019. There was one loan modified as a troubled debt restructuring during the three months ended September 30, 2018 (unaudited). The loan was a one-to-four family mortgage and had a pre- and post-modification balance of $146,053. The concession granted by the Company was an extension of the maturity date. There were no additional loans modified as troubled debt restructurings in the nine months ended September 30, 2018. As of September 30, 2019, and December 31, 2018, the Company allocated $43,180 and $1,980, respectively, within the allowance for loan losses related to all loans modified as troubled debt restructurings. The Company 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2019, the Company recognized $8,697 and $27,827, respectively, in compensation expense.

Stock Compensation Plan

Stock Compensation Plan	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Stock Compensation Plan	9. STOCK COMPENSATION PLAN In May 2019, the Company’s board 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, and performances shares is 44,065. Under the Plan, options or restricted stock can be granted to directors, officers, and employees that provide services to the Company, as selected by the compensation committee of the Board. The option 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 directors under 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 September 30, 2019, there were 33,050 shares of 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 nine months ended September 30, 2019. Weighted average Number of grant date price restricted shares per share Non-vested shares at June 30, 2019 11,015 $ 8.35 Granted - - Vested - - Forfeited - - Non-vested shares at September 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 September 30, 2019 11,015 8.35 A summary of the status of the awarded stock options at September 30, 2019, and changes during the three and nine months ended September 30, 2019 is presented in the tables and narrative following: Three months ended September 30, 2019 Shares Weighted Average Exercise Price Weighted Average Fair Value Outstanding at July 1, 2019 27,540 $ 8.35 $ 0.97 Granted - - - Exercised - - - Forfeited - - - Outstanding at September 30, 2019 27,540 8.35 0.97 Exercisable at September 30, 2019 - - Weighted average of options granted in current year $ 8.35 0.97 Nine months ended September 30, 2019 Shares Weighted Average Exercise Price Weighted Average Fair Value Outstanding at January 1, 2019 - $ - $ - Granted 27,540 8.35 0.97 Exercised - - - Forfeited - - - Outstanding at June 30, 2019 27,540 8.35 0.97 Exercisable at June 30, 2019 - - Weighted average of options granted in current year $ 8.35 0.97 At September 30, 2019, none of the 27,540 options outstanding are 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 nine months ended September 30, 2019. Three months ended Pricing model assumption ranges September 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 % Nine months ended Pricing model assumption ranges September 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. For the three months ended September 30, 2019, the Company recognized $5,000 and $1,000 of pretax compensation expense related to restricted stock awards and stock option awards, respectively. For the nine months ended September 30, 2019, the company recognized $8,000 and $2,000 of pretax compensation expense related to restricted stock awards and stock option awards, respectively. As of September 30, 2019, there was $84,000 of unrecognized compensation expense related to restricted stock awards, and $22,000 of unrecognized compensation expense related to stock option awards that will be recognized over the remaining vesting periods. No stock options have been exercised as of September 30, 2019.

Regulatory Capital Requirements

Regulatory Capital Requirements	9 Months Ended
	Sep. 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 were 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 September 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. September 30, December 31, 2019 2018 Amount Ratio Amount Ratio (unaudited) Common Equity Tier 1 capital (to risk-weighted assets) Actual $ 20,739,040 14.38 % $ 20,393,710 14.22 % For capital adequacy purposes 6,489,540 4.50 % 6,453,270 4.50 % To be well capitalized 9,373,780 6.50 % 9,321,390 6.50 % Tier 1 capital (to risk-weighted assets) Actual $ 20,739,040 14.38 % $ 20,393,710 14.22 % For capital adequacy purposes 8,652,720 6.00 % 8,604,360 6.00 % To be well capitalized 11,536,960 8.00 % 11,472,480 8.00 % Total capital (to risk-weighted assets) Actual $ 21,898,497 15.18 % $ 21,518,635 15.01 % For capital adequacy purposes 11,536,960 8.00 % 11,472,480 8.00 % To be well capitalized 14,421,200 10.00 % 14,340,600 10.00 % Tier 1 capital (to average assets) Actual $ 20,739,040 10.68 % $ 20,393,710 11.59 % For capital adequacy purposes 7,765,535 4.00 % 7,036,287 4.00 % To be well capitalized 9,706,918 5.00 % 8,795,358 5.00 %

Commitments

Commitments	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	11. COMMITMENTS In the normal course of business, the Company makes various commitments that are not reflected in the Company’s consolidated financial statements. The Company 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 Company’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 Company 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: September 30, 2019 (unaudited) Commitments to extend credit $ 1,980,750 Construction unadvanced funds 4,470,336 Unused lines of credit 7,035,443 Letters of credit 3,161,135 $ 16,647,664 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 Company uses the same credit policies in making loan commitments and conditional obligations as it does for on-balance sheet instruments. The Company 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 Company’s lending policy guidelines. The Company 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	9 Months Ended
	Sep. 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 September 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. September 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 6,011,626 $ - $ 6,011,626 Obligations of state and political subdivisions - 1,396,897 - 1,396,897 Corporate bonds - 1,125,955 - 1,125,955 Mortgage servicing rights - - 279,697 279,697 Impaired loans with reserve - - 117,743 117,743 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 September 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 September 30, Valuation Valuation (Weighted 2019 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 117,743 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 279,697 Discounted cash flows Loan prepayment speeds 8.49% - 10.52 % (9.44 )% Fair Value at Range December 31, Valuation Valuation (Weighted 2018 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 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: September 30, 2019 (unaudited) Carrying Fair Level I Level II Level III Financial assets: Cash and cash equivalents $ 19,233,559 $ 19,233,559 $ 19,233,559 $ - $ - Certificates of deposit 2,715,000 2,841,615 - 2,841,615 - Investment securities: Available for sale 8,534,477 8,534,477 - 8,534,477 - Held to maturity 4,516 4,576 - 4,576 - Loans, net 159,207,926 168,805,926 - - 168,805,926 Accrued interest receivable 676,076 676,076 - 676,076 - FHLB Stock 2,845,700 2,845,700 - - 2,845,700 Financial liabilities: Deposits 148,028,837 150,276,837 54,539,665 - 95,737,172 FHLB advances 31,374,500 32,073,500 - 32,073,500 - Accrued interest payable 286,541 286,541 - 286,541 - December 31, 2018 Carrying Fair 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	9 Months Ended
	Sep. 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 11.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 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 September 30, 2019 2018 Accumulated other comprehensive income (loss), beginning of period $ 53,009 $ (46,722 ) Other comprehensive income (loss) on securities before reclassification, net of tax (40,105 ) (56,032 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax - - Net other comprehensive income (loss) (40,105 ) (56,032 ) Accumulated other comprehensive income (loss), end of period $ 12,904 $ (102,754 ) Net Unrealized Gain (Loss) on Securities Nine months ended September 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 127,496 (79,267 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (39,969 ) - Net other comprehensive income (loss) 87,527 (79,267 ) Accumulated other comprehensive income (loss), end of period $ 12,904 $ (102,754 )

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2019
EARNINGS PER COMMON SHARE
Earnings Per Share	15. EARNINGS PER SHARE Earnings per common share for the three and nine months ended September 30, 2019, and the three months ended September 30, 2018, are represented in the following table. Earnings per common share for the nine months ended September 30, 2018 is not presented because 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 September 30, 2019 September 30, 2018 (unaudited) (unaudited) Net Income $ 89,553 $ 94,834 Shares outstanding for basic EPS: Average shares outstanding 2,248,805 2,248,250 Less: Average unearned ESOP shares 81,146 85,377 Shares outstanding for basic EPS 2,167,659 2,162,873 Additional dilutive shares - - Shares outstanding for diluted EPS 2,167,659 2,162,873 Basic income per share $ 0.04 $ 0.04 Diluted income per share $ 0.04 $ 0.04 Nine months ended September 30, 2019 (unaudited) Net Income $ 306,836 Shares outstanding for basic EPS: Average shares outstanding 2,248,458 Less: Average unearned ESOP shares 82,237 Shares outstanding for basic EPS 2,166,221 Additional dilutive shares 221 Shares oustanding for diluted EPS 2,166,442 Basic income per share $ 0.14 Diluted income per share $ 0.14

Securities Available for Sale (

Securities Available for Sale (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 6,014,770 $ 20,206 $ (23,351 ) $ 6,011,625 Obligations of state and political subdivisions 1,394,969 1,941 (13 ) 1,396,897 Corporate bonds 1,108,805 17,150 - 1,125,955 Total $ 8,518,544 $ 39,297 $ (23,364 ) $ 8,534,477 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	Due to expected repayment terms being significantly less than the underlying mortgage pool contractual maturities, estimated lives of these securities could be significantly shorter. September 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ 104,198 104,491 Due after one year through five years 1,146,016 1,157,807 Due after five years through ten years 1,301,982 1,308,276 Due after ten years 5,966,348 5,963,903 Total $ 8,518,544 $ 8,534,477

Securities Held to Maturity (Ta

Securities Held to Maturity (Tables)	9 Months Ended
	Sep. 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: September 30, 2019 (unaudited) Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value Mortgage-backed securities in government-sponsored entities $ 4,516 $ 60 $ - $ 4,576 Total $ 4,516 $ 60 $ - $ 4,576 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	Due to expected repayment terms being less than the underlying mortgage pool contractual maturities, estimated lives of these securities could be significantly shorter. September 30, 2019 (unaudited) Amortized Fair Cost Value Due within one year or less $ - $ - Due after one year through five years 3,177 3,193 Due after five years through nine years 1,339 1,383 Total $ 4,516 $ 4,576

Unrealized Losses on Securiti_2

Unrealized Losses on Securities (Tables)	9 Months Ended
	Sep. 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: September 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 $ 3,484,451 $ (21,181 ) $ 292,421 $ (2,170 ) $ 3,776,872 $ (23,351 ) Obligations of state and political subdivisions 24,987 (13 ) - - 24,987 (13 ) Total $ 3,509,438 $ (21,194 ) $ 292,421 $ (2,170 ) $ 3,801,859 $ (23,364 ) 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)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of Loan Portfolio by Category	The Company’s loan portfolio summarized by category is as follows: September 30, December 31, 2019 2018 (unaudited) Mortgage loans: One-to-four family $ 69,415,053 $ 75,520,850 Commercial 62,486,946 59,494,384 131,901,999 135,015,234 Commercial and industrial 22,628,993 19,166,207 Consumer 5,826,158 5,404,216 160,357,150 159,585,657 Third-party loan acquisition and other net origination costs 186,172 268,101 Discount on loans previously held for sale (175,939 ) (199,176 ) Allowance for loan losses (1,159,457 ) (1,124,925 ) Total $ 159,207,926 $ 158,529,657

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
Schedule of Changes in the Allowance for Loan Losses and the Recorded Investment in Loans	The following tables present, by portfolio segment, the changes in the allowance for loan losses and the recorded investment in loans for the three months ended September 30, 2019 (unaudited) and 2018 (unaudited), respectively: Mortgage Mortgage Commercial Consumer Three months ended September 30, 2019: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 446,697 $ 386,720 $ 276,496 $ 47,196 $ 1,157,109 Charge-offs - - (50,652 ) - (50,652 ) Recoveries - - - - - Provision (28,069 ) 106,147 (4,155 ) (20,923 ) 53,000 Ending balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 Mortgage Mortgage Commercial Consumer Three months ended September 30, 2018: Family Commercial Industrial HELOC Total Allowance for loan losses: Beginning balance $ 471,438 $ 437,619 $ 134,880 $ 46,079 $ 1,090,016 Charge-offs - - (9,270 ) (29,146 ) (38,416 ) Recoveries - - - - - Provision (credit) (33,194 ) (46,940 ) 104,987 25,147 50,000 Ending balance $ 438,244 $ 390,679 $ 230,597 $ 42,080 $ 1,101,600 Mortgage Mortgage Commercial Consumer Nine months ended September 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 ) (50,652 ) (13,189 ) (115,041 ) Recoveries - - 1,073 - 1,073 Provision 24,357 121,899 7,547 (5,303 ) 148,500 Ending balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 Mortgage Mortgage Commercial Consumer Nine months ended September 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 ) - (9,270 ) (29,146 ) (54,845 ) Recoveries - - - - - Provision (credit) (59,173 ) 7,144 159,013 8,016 115,000 Ending balance $ 438,244 $ 390,679 $ 230,597 $ 42,080 $ 1,101,600
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 September 30, 2019 (unaudited), and December 31, 2018. Mortgage One-to-Four Family Mortgage Commercial Commercial and Industrial Consumer and HELOC Total September 30, 2019 Allowance for loan losses: Loans deemed impaired $ 43,180 $ - $ - $ - $ 43,180 Loans not deemed impaired 375,448 492,867 221,689 26,273 1,116,277 Ending Balance $ 418,628 $ 492,867 $ 221,689 $ 26,273 $ 1,159,457 September 30, 2019 Loans: Loans deemed impaired $ 3,862,536 $ 2,322,992 $ 1,404,568 $ 6,195 $ 7,596,291 Loans not deemed impaired 65,552,517 60,163,954 21,224,425 5,819,963 152,760,859 Ending Balance $ 69,415,053 $ 62,486,946 $ 22,628,993 $ 5,826,158 $ 160,357,150 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 September 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. September 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 $ 3,701,676 $ 3,725,924 $ - $ 2,211,525 $ 2,211,525 $ - Commercial 2,322,992 $ 2,335,759 - 1,768,845 $ 1,768,845 - Commercial and Industrial 1,404,568 $ 1,455,220 - 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 160,860 160,923 43,180 274,685 274,685 28,136 Commercial - - - - - - Commercial and Industrial - - - - - - Consumer and HELOC - - - - - - Total mortgage loans: One-to-four family 3,862,536 3,886,847 43,180 2,486,210 2,486,210 28,136 Commercial 2,322,992 2,335,759 - 1,768,845 1,768,845 - Commercial and Industrial 1,404,568 1,455,220 - 155,660 155,660 - Consumer and HELOC 6,195 6,195 - 1,195 1,195 - Total $ 7,596,291 $ 7,684,021 $ 43,180 $ 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 Three Months Ended (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 3,592,680 $ 12,468 $ 2,051,434 $ 8,881 Commercial 2,292,069 13,511 1,555,260 5,125 Commercial and industrial 541,458 - 142,033 - Consumer and HELOC 6,195 - 23,461 298 With an allowance recorded: Mortgage loans: One-to-four family 161,372 766 355,222 1,902 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 3,754,052 13,234 2,406,656 10,783 Commercial 2,292,069 13,511 1,555,260 5,125 Commercial and industrial 541,458 - 142,033 - Consumer and HELOC 6,195 - 23,461 298 Total $ 6,593,774 $ 26,745 $ 4,127,410 $ 16,206 Nine Months Ended Nine Months Ended (unaudited) (unaudited) Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no allowance recorded: Mortgage loans: One-to-four family $ 2,655,914 $ 42,401 $ 1,961,587 $ 9,313 Commercial 2,044,432 37,417 1,262,149 6,669 Commercial and industrial 284,259 - 105,142 - Consumer and HELOC 6,195 - 38,063 505 With an allowance recorded: Mortgage loans: One-to-four family 163,879 2,372 374,613 7,622 Commercial - - - - Commercial and industrial - - - - Consumer and HELOC - - - - Total mortgage loans: One-to-four family 2,819,793 44,773 2,336,200 16,935 Commercial 2,044,432 37,417 1,262,149 6,669 Commercial and industrial 284,259 - 105,142 - Consumer and HELOC 6,195 - 38,063 505 Total $ 5,154,679 $ 82,190 $ 3,741,554 $ 24,109
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: September 30, 2019 (unaudited) 30-59 60-89 90 Days 90 Days or Days Days or Greater Total Past Total Loans Greater Still Past Due Past Due Past Due Due Current Receivable Accruing Mortgage loans: One-to-four family $ 660,001 1,443,947 1,990,438 4,094,386 $ 65,320,667 $ 69,415,053 $ - Commercial 730,396 636,147 199,362 1,565,905 60,921,041 62,486,946 - Commercial and industrial 1,863,458 951,863 50,652 2,865,973 19,763,020 22,628,993 - Consumer and HELOC 2,535 65,456 6,195 74,186 5,751,972 5,826,158 - Total $ 3,256,390 $ 3,097,413 $ 2,246,647 $ 8,600,450 $ 151,756,700 $ 160,357,150 $ - December 31, 2018 30-59 60-89 90 Days Total Past Total 90 Days or 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: September 30, 2019 December 31, 2018 (unaudited) Mortgage loans: One-to-four family $ 2,445,442 $ 2,302,267 Commercial 1,378,589 1,094,376 Commercial and industrial 1,404,568 155,660 Consumer and HELOC 6,195 1,195 Total $ 5,234,794 $ 3,553,498
Schedule of Risk Category of Loans	The risk category of loans by class is as follows: September 30, 2019 (unaudited) December 31, 2018 Mortgage Commercial and Mortgage Commercial and Commercial Industrial Commercial Industrial Loans rated 1 - 5 $ 60,749,409 $ 18,667,148 $ 57,773,482 $ 15,028,078 Loans rated 6 25,262 3,961,845 - 3,982,469 Loans rated 7 1,712,275 - 1,720,902 155,660 Ending balance $ 62,486,946 $ 22,628,993 $ 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: September 30, 2019 (unaudited) December 31, 2018 Mortgage Consumer Mortgage Consumer One-to-Four and One-to-Four and Family HELOC Family HELOC Performing $ 66,969,611 $ 5,819,963 $ 73,218,583 $ 5,403,021 Nonperforming 2,445,442 6,195 2,302,267 1,195 Total $ 69,415,053 $ 5,826,158 $ 75,520,850 $ 5,404,216

Stock Compensation Plan (Tables

Stock Compensation Plan (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2019. Weighted average Number of grant date price restricted shares per share Non-vested shares at June 30, 2019 11,015 $ 8.35 Granted - - Vested - - Forfeited - - Non-vested shares at September 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 September 30, 2019 11,015 8.35
Schedule of Stock Option Activity	A summary of the status of the awarded stock options at September 30, 2019, and changes during the three and nine months ended September 30, 2019 is presented in the tables and narrative following: Three months ended September 30, 2019 Shares Weighted Average Exercise Price Weighted Average Fair Value Outstanding at July 1, 2019 27,540 $ 8.35 $ 0.97 Granted - - - Exercised - - - Forfeited - - - Outstanding at September 30, 2019 27,540 8.35 0.97 Exercisable at September 30, 2019 - - Weighted average of options granted in current year $ 8.35 0.97 Nine months ended September 30, 2019 Shares Weighted Average Exercise Price Weighted Average Fair Value Outstanding at January 1, 2019 - $ - $ - Granted 27,540 8.35 0.97 Exercised - - - Forfeited - - - Outstanding at June 30, 2019 27,540 8.35 0.97 Exercisable at June 30, 2019 - - Weighted average of options granted in current year $ 8.35 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 nine months ended September 30, 2019. Three months ended Pricing model assumption ranges September 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 % Nine months ended Pricing model assumption ranges September 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)	9 Months Ended
	Sep. 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. September 30, December 31, 2019 2018 Amount Ratio Amount Ratio (unaudited) Common Equity Tier 1 capital (to risk-weighted assets) Actual $ 20,739,040 14.38 % $ 20,393,710 14.22 % For capital adequacy purposes 6,489,540 4.50 % 6,453,270 4.50 % To be well capitalized 9,373,780 6.50 % 9,321,390 6.50 % Tier 1 capital (to risk-weighted assets) Actual $ 20,739,040 14.38 % $ 20,393,710 14.22 % For capital adequacy purposes 8,652,720 6.00 % 8,604,360 6.00 % To be well capitalized 11,536,960 8.00 % 11,472,480 8.00 % Total capital (to risk-weighted assets) Actual $ 21,898,497 15.18 % $ 21,518,635 15.01 % For capital adequacy purposes 11,536,960 8.00 % 11,472,480 8.00 % To be well capitalized 14,421,200 10.00 % 14,340,600 10.00 % Tier 1 capital (to average assets) Actual $ 20,739,040 10.68 % $ 20,393,710 11.59 % For capital adequacy purposes 7,765,535 4.00 % 7,036,287 4.00 % To be well capitalized 9,706,918 5.00 % 8,795,358 5.00 %

Commitments (Tables)

Commitments (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of Off-Balance Sheet Commitments	Off-balance sheet commitments consist of the following: September 30, 2019 (unaudited) Commitments to extend credit $ 1,980,750 Construction unadvanced funds 4,470,336 Unused lines of credit 7,035,443 Letters of credit 3,161,135 $ 16,647,664

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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. September 30, 2019 (unaudited) Level I Level II Level III Total Fair value measurements on a recurring basis: Mortgage-backed securities in government-sponsored entities $ - $ 6,011,626 $ - $ 6,011,626 Obligations of state and political subdivisions - 1,396,897 - 1,396,897 Corporate bonds - 1,125,955 - 1,125,955 Mortgage servicing rights - - 279,697 279,697 Impaired loans with reserve - - 117,743 117,743 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	September 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 September 30, Valuation Valuation (Weighted 2019 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 117,743 Discounted cash flows Discount for evaluation 10 % (10 )% Selling costs 10 % (10 )% Mortgage servicing rights 279,697 Discounted cash flows Loan prepayment speeds 8.49% - 10.52 % (9.44 )% Fair Value at Range December 31, Valuation Valuation (Weighted 2018 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 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: September 30, 2019 (unaudited) Carrying Fair Level I Level II Level III Financial assets: Cash and cash equivalents $ 19,233,559 $ 19,233,559 $ 19,233,559 $ - $ - Certificates of deposit 2,715,000 2,841,615 - 2,841,615 - Investment securities: Available for sale 8,534,477 8,534,477 - 8,534,477 - Held to maturity 4,516 4,576 - 4,576 - Loans, net 159,207,926 168,805,926 - - 168,805,926 Accrued interest receivable 676,076 676,076 - 676,076 - FHLB Stock 2,845,700 2,845,700 - - 2,845,700 Financial liabilities: Deposits 148,028,837 150,276,837 54,539,665 - 95,737,172 FHLB advances 31,374,500 32,073,500 - 32,073,500 - Accrued interest payable 286,541 286,541 - 286,541 - December 31, 2018 Carrying Fair 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)	9 Months Ended
	Sep. 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 September 30, 2019 2018 Accumulated other comprehensive income (loss), beginning of period $ 53,009 $ (46,722 ) Other comprehensive income (loss) on securities before reclassification, net of tax (40,105 ) (56,032 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax - - Net other comprehensive income (loss) (40,105 ) (56,032 ) Accumulated other comprehensive income (loss), end of period $ 12,904 $ (102,754 ) Net Unrealized Gain (Loss) on Securities Nine months ended September 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 127,496 (79,267 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax (39,969 ) - Net other comprehensive income (loss) 87,527 (79,267 ) Accumulated other comprehensive income (loss), end of period $ 12,904 $ (102,754 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
EARNINGS PER COMMON SHARE
Schedule of Computation of Earnings Per Share	Earnings per common share for the nine months ended September 30, 2018 is not presented because 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 September 30, 2019 September 30, 2018 (unaudited) (unaudited) Net Income $ 89,553 $ 94,834 Shares outstanding for basic EPS: Average shares outstanding 2,248,805 2,248,250 Less: Average unearned ESOP shares 81,146 85,377 Shares outstanding for basic EPS 2,167,659 2,162,873 Additional dilutive shares - - Shares outstanding for diluted EPS 2,167,659 2,162,873 Basic income per share $ 0.04 $ 0.04 Diluted income per share $ 0.04 $ 0.04 Nine months ended September 30, 2019 (unaudited) Net Income $ 306,836 Shares outstanding for basic EPS: Average shares outstanding 2,248,458 Less: Average unearned ESOP shares 82,237 Shares outstanding for basic EPS 2,166,221 Additional dilutive shares 221 Shares oustanding for diluted EPS 2,166,442 Basic income per share $ 0.14 Diluted income per share $ 0.14

Nature of Operations and Basi_2

Nature of Operations and Basis of Presentation (Details Narrative) - $ / shares	Jan. 24, 2018	Jan. 24, 2018	Sep. 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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Statutory federal income tax rate	21.00%	34.00%
Amount of reclassification for Bank		$ 3,860

Securities Available for Sale_2

Securities Available for Sale (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of investment securities		$ 2,943,675
6 Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis		2,751,221
Associated gain on sale of securities available for sale		49,454
Proceeds from sale of investment securities		2,800,675
1 Municipal Bond [Member]
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis		141,861
Associated gain on sale of securities available for sale		1,139
Proceeds from sale of investment securities		$ 143,000
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		30 years

Securities Available for Sale -

Securities Available for Sale - Schedule of Securities Available for Sale (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 8,518,544	$ 9,162,962
Gross Unrealized Gains	39,297	653
Gross Unrealized Losses	(23,364)	(95,514)
Fair Value	8,534,477	9,068,101
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,014,770	3,883,220
Gross Unrealized Gains	20,206	495
Gross Unrealized Losses	(23,351)	(18,635)
Fair Value	6,011,625	3,865,080
Obligations of State and Political Subdivisions [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,394,969	1,540,053
Gross Unrealized Gains	1,941	153
Gross Unrealized Losses	(13)	(38,244)
Fair Value	1,396,897	1,501,962
Corporate Bonds [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,108,805	3,547,246
Gross Unrealized Gains	17,150
Gross Unrealized Losses		(38,511)
Fair Value	$ 1,125,955	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 ($)	Sep. 30, 2019	Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Amortized Cost: Due within one year or less	$ 104,198
Amortized Cost: Due after one year through five years	1,146,016
Amortized Cost: Due after five years through ten years	1,301,982
Amortized Cost: Due after ten years	5,966,348
Amortized Cost: Total	8,518,544	$ 9,162,962
Fair Value: Due within one year or less	104,491
Fair Value: Due after one year through five years	1,157,807
Fair Value: Due after five years through ten years	1,308,276
Fair Value: Due after ten years	5,963,903
Fair Value: Total	$ 8,534,477	$ 9,068,101

Securities Held to Maturity (De

Securities Held to Maturity (Details Narrative)	9 Months Ended
	Sep. 30, 2019
Mortgage-backed Securities in Government-Sponsored Entities [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 ($)	Sep. 30, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 4,516	$ 6,394
Gross Unrealized Gains	60	84
Gross Unrealized Losses
Fair Value	4,576	6,478
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	4,516	6,394
Gross Unrealized Gains	60	84
Gross Unrealized Losses
Fair Value	$ 4,576	$ 6,478

Securities Held to Maturity -_2

Securities Held to Maturity - Schedule of Contractual Maturities (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 4,516	$ 6,394
Fair Value	4,576	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	3,177
Amortized cost, due after five years through nine years	1,339
Amortized cost	4,516	6,394
Fair Value, due within one year or less
Fair Value, due after one year through five years	3,193
Fair Value, due after five years through nine years	1,383
Fair Value	$ 4,576	$ 6,478

Unrealized Losses on Securiti_3

Unrealized Losses on Securities (Details Narrative) - Integer	Sep. 30, 2019	Dec. 31, 2018
Number of temporarily impaired investments securities	8	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 ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	$ 3,509,438	$ 6,982,809
Less Than Twelve Months, Gross Unrealized Losses	(21,194)	(45,923)
Twelve Months or Greater, Fair Value	292,421	1,938,627
Twelve Months or Greater, Gross Unrealized Losses	(2,170)	(49,591)
Total, Fair Value	3,801,859	8,921,436
Total, Gross Unrealized Losses	(23,364)	(95,514)
Mortgage-backed Securities in Government-Sponsored Entities [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	3,484,451	3,458,555
Less Than Twelve Months, Gross Unrealized Losses	(21,181)	(7,806)
Twelve Months or Greater, Fair Value	292,421	341,423
Twelve Months or Greater, Gross Unrealized Losses	(2,170)	(10,829)
Total, Fair Value	3,776,872	3,799,978
Total, Gross Unrealized Losses	(23,351)	(18,635)
Obligations of State and Political Subdivisions [Member]
Schedule Of Investment Securities [Line Items]
Less than Twelve Months, Fair Value	24,987	55,708
Less Than Twelve Months, Gross Unrealized Losses	(13)	(34)
Twelve Months or Greater, Fair Value		1,397,740
Twelve Months or Greater, Gross Unrealized Losses		(38,210)
Total, Fair Value	24,987	1,453,448
Total, Gross Unrealized Losses	$ (13)	(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 ($)	Sep. 30, 2019	Dec. 31, 2018
Receivables [Abstract]
Transfer of loans	$ 10,700,000	$ 7,500,000

Loans - Schedule of Loan Portfo

Loans - Schedule of Loan Portfolio by Category (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	$ 160,357,150		$ 159,585,657
Third-party loan acquisition and other net origination costs	186,172		268,101
Discount on loans previously held for sale	(175,939)		(199,176)
Allowance for loan losses	(1,159,457)	$ (1,157,109)	(1,124,925)	$ (1,101,600)	$ (1,090,016)	$ (1,041,445)
Total	159,207,926		158,529,657
Mortgage Loans One-to-Four Family [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	69,415,053		75,520,850
Mortgage Loans Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	62,486,946		59,494,384
Mortgage Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	131,901,999		135,015,234
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	22,628,993		19,166,207
Allowance for loan losses	(221,689)	$ (276,496)	(263,721)	$ (230,597)	$ (134,880)	$ (80,854)
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	$ 5,826,158		$ 5,404,216

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details Narrative)	9 Months Ended
	Sep. 30, 2019USD ($)Integer	Sep. 30, 2018USD ($)Integer	Dec. 31, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Number of loans | Integer
Recorded investment of all loans modified as troubled debt restructurings	$ 43,180		$ 1,980
One To Four Family Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Troubled debt restructuring amount	$ 920,943	$ 146,053

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	$ 1,157,109	$ 1,090,016	$ 1,124,925	$ 1,041,445
Allowance for loan losses Charge-offs	(50,652)	(38,416)	(115,041)	(54,845)
Allowance for loan losses Recoveries			1,073
Allowance for loan losses Provision (credit)	53,000	50,000	148,500	115,000
Allowance for loan losses Ending balance	1,159,457	1,101,600	1,159,457	1,101,600
Mortgage One-to-Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	446,697	471,438	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)	(28,069)	(33,194)	24,357	(59,173)
Allowance for loan losses Ending balance	418,628	438,244	418,628	438,244
Mortgage Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	386,720	437,619	393,900	383,535
Allowance for loan losses Charge-offs			(22,932)
Allowance for loan losses Recoveries
Allowance for loan losses Provision (credit)	106,147	(46,940)	121,899	7,144
Allowance for loan losses Ending balance	492,867	390,679	492,867	390,679
Commercial and Industrial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	276,496	134,880	263,721	80,854
Allowance for loan losses Charge-offs	(50,652)	(9,270)	(50,652)	(9,270)
Allowance for loan losses Recoveries			1,073
Allowance for loan losses Provision (credit)	(4,155)	104,987	7,547	159,013
Allowance for loan losses Ending balance	221,689	230,597	221,689	230,597
Consumer and HELOC [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Allowance for loan losses Beginning balance	47,196	46,079	44,765	63,210
Allowance for loan losses Charge-offs		(29,146)	(13,189)	(29,146)
Allowance for loan losses Recoveries
Allowance for loan losses Provision (credit)	(20,923)	25,147	(5,303)	8,016
Allowance for loan losses Ending balance	$ 26,273	$ 42,080	$ 26,273	$ 42,080

Allowance for Loan Losses - S_2

Allowance for Loan Losses - Schedule of Primary Segments of the Loan Portfolio (Details) - USD ($)	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	$ 1,159,457	$ 1,157,109	$ 1,124,925	$ 1,101,600	$ 1,090,016	$ 1,041,445
Loans	160,357,150		159,585,657
Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	43,180		28,136
Loans	7,596,291		4,411,910
Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	1,116,277		1,096,789
Loans	152,760,859		155,173,747
Mortgage One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	418,628	446,697	422,539	438,244	471,438	513,846
Loans	69,415,053		75,520,850
Mortgage One-to-Four Family [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	43,180		28,136
Loans	3,862,536		2,486,210
Mortgage One-to-Four Family [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	375,448		394,403
Loans	65,552,517		73,034,640
Mortgage Commercial [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	492,867	386,720	393,900	390,679	437,619	383,535
Loans	62,486,946		59,494,384
Mortgage Commercial [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses
Loans	2,322,992		1,768,845
Mortgage Commercial [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	492,867		393,900
Loans	60,163,954		57,725,539
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	221,689	276,496	263,721	230,597	134,880	80,854
Loans	22,628,993		19,166,207
Commercial and Industrial [Member] | Loans Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses
Loans	1,404,568		155,660
Commercial and Industrial [Member] | Loans Not Deemed Impaired [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	221,689		263,721
Loans	21,224,425		19,010,547
Consumer and HELOC [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	26,273	$ 47,196	44,765	$ 42,080	$ 46,079	$ 63,210
Loans	5,826,158		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	26,273		44,765
Loans	$ 5,819,963		$ 5,403,021

Allowance for Loan Losses - S_3

Allowance for Loan Losses - Schedule of Impaired Loans by Class (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 7,596,291	$ 4,411,910
Unpaid Principal Balance	7,684,021	4,411,910
Related Allowance	43,180	28,136
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	3,701,676	2,211,525
With no allowance recorded: Unpaid Principal Balance	3,725,924	2,211,525
With an allowance recorded: Recorded Investment	160,860	274,685
With an allowance recorded: Unpaid Principal Balance	160,923	274,685
With an allowance recorded: Related Allowance	43,180	28,136
Recorded Investment	3,862,536	2,486,210
Unpaid Principal Balance	3,886,847	2,486,210
Related Allowance	43,180	28,136
Mortgage Loans Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	2,322,992	1,768,845
With no allowance recorded: Unpaid Principal Balance	2,335,759	1,768,845
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid Principal Balance
With an allowance recorded: Related Allowance
Recorded Investment	2,322,992	1,768,845
Unpaid Principal Balance	2,335,759	1,768,845
Related Allowance
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Recorded Investment	1,404,568	155,660
With no allowance recorded: Unpaid Principal Balance	1,455,220	155,660
With an allowance recorded: Recorded Investment
With an allowance recorded: Unpaid Principal Balance
With an allowance recorded: Related Allowance
Recorded Investment	1,404,568	155,660
Unpaid Principal Balance	1,455,220	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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 6,593,774	$ 4,127,410	$ 5,154,679	$ 3,741,554
Interest Income Recognized	26,745	16,206	82,190	24,109
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	3,592,680	2,051,434	2,655,914	1,961,587
With no allowance recorded: Interest Income Recognized	12,468	8,881	42,401	9,313
With an allowance recorded: Average Recorded Investment	161,372	355,222	163,879	374,613
With an allowance recorded: Interest Income Recognized	766	1,902	2,372	7,622
Average Recorded Investment	3,754,052	2,406,656	2,819,793	2,336,200
Interest Income Recognized	13,234	10,783	44,773	16,935
Mortgage Loans Commercial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	2,292,069	1,555,260	2,044,432	1,262,149
With no allowance recorded: Interest Income Recognized	13,511	5,125	37,417	6,669
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	2,292,069	1,555,260	2,044,432	1,262,149
Interest Income Recognized	13,511	5,125	37,417	6,669
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	541,458	142,033	284,259	105,142
With no allowance recorded: Interest Income Recognized
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	541,458	142,033	284,259	105,142
Interest Income Recognized
Consumer and HELOC [Member]
Financing Receivable, Impaired [Line Items]
With no allowance recorded: Average Recorded Investment	6,195	23,461	6,195	38,063
With no allowance recorded: Interest Income Recognized		298		505
With an allowance recorded: Average Recorded Investment
With an allowance recorded: Interest Income Recognized
Average Recorded Investment	6,195	23,461	6,195	38,063
Interest Income Recognized		$ 298		$ 505

Allowance for Loan Losses - S_5

Allowance for Loan Losses - Schedule of Classes of the Loan Portfolio by Aging (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 8,600,450	$ 3,882,471
Current	151,756,700	155,703,186
Total Loans Receivable	160,357,150	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	4,094,386	2,631,240
Current	65,320,667	72,889,610
Total Loans Receivable	69,415,053	75,520,850
90 Days or Greater Still Accruing
Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,565,905	1,094,376
Current	60,921,041	58,400,008
Total Loans Receivable	62,486,946	59,494,384
90 Days or Greater Still Accruing
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,865,973	155,660
Current	19,763,020	19,010,547
Total Loans Receivable	22,628,993	19,166,207
90 Days or Greater Still Accruing
Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	74,186	1,195
Current	5,751,972	5,403,021
Total Loans Receivable	5,826,158	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	3,256,390	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	660,001	305,412
30 to 59 Days Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	730,396
30 to 59 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	1,863,458
30 to 59 Days Past Due [Member] | Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,535
60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	3,097,413	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	1,443,947	624,784
60 to 89 Days Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	636,147
60 to 89 Days Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	951,863
60 to 89 Days Past Due [Member] | Consumer and HELOC [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	65,456
90 Days or Greater Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	2,246,647	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	1,990,438	1,701,044
90 Days or Greater Past Due [Member] | Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	199,362	1,094,376
90 Days or Greater Past Due [Member] | Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	50,652	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 ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	$ 5,234,794	$ 3,553,498
Mortgage Loans One-to-Four Family [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	2,445,442	2,302,267
Mortgage Loans Commercial [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	1,378,589	1,094,376
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Loans on nonaccrual status	1,404,568	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 ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 160,357,150	$ 159,585,657
Mortgage Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	62,486,946	59,494,384
Mortgage Commercial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	60,749,409	57,773,482
Mortgage Commercial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	25,262
Mortgage Commercial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	1,712,275	1,720,902
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	22,628,993	19,166,207
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	18,667,148	15,028,078
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	3,961,845	3,982,469
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable		$ 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 ($)	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	$ 160,357,150	$ 159,585,657
Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	69,415,053	75,520,850
Consumer and HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	5,826,158	5,404,216
Performing Financial Instruments [Member] | Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	66,969,611	73,218,583
Performing Financial Instruments [Member] | Consumer and HELOC [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	5,819,963	5,403,021
Nonperforming Financial Instruments [Member] | Mortgage One-to-Four Family [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Total Loans Receivable	2,445,442	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	Sep. 30, 2019	Sep. 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 plan			88,131	88,131
ESOP compensation expense		$ 8,697	$ 27,827
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	Sep. 30, 2019	Sep. 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 options			$ 8.35	$ 8.35
Weighted average remaining contractual life				10 years
Pretax compensation expense				$ 10,000
Stock Options [Member]
Pretax compensation expense			$ 1,000	2,000
Unrecognized compensation expense			22,000	22,000
Restricted Stock [Member]
Pretax compensation expense			5,000	8,000
Unrecognized compensation expense			$ 84,000	$ 84,000
Directors [Member] | Stock Options [Member]
Number of shares awarded	27,540			82,624
Directors [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 option 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.

Stock Compensation Plan - Sched

Stock Compensation Plan - Schedule of Nonvested Restricted Stock Under Plan (Details) - Restricted Stock [Member] - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Number of restricted shares, Non-vested, Beginning	11,015
Number of restricted shares, Non-vested, Granted		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	$ 8.35
Weighted average grant date price per share, Non-vested, Granted		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	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Retirement Benefits [Abstract]
Number of shares, Outstanding, Beginning	27,540
Number of shares, Granted		27,540
Number of shares, Exercised
Number of shares, Forfeited
Number of shares, Outstanding, Ending	27,540	27,540
Number of shares, Exercisable, Ending	27,540	27,540
Weighted Average Exercise Price, Outstanding Beginning	$ 8.35
Weighted Average Exercise Price, Granted		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 exercise price of options granted in current year	8.35	8.35
Weighted Average Fair Value, Outstanding Beginning	0.97
Weighted Average Fair Value, Granted		0.97
Weighted Average Fair Value, Exercised
Weighted Average Fair Value, Forfeited
Weighted Average Fair Value, Outstanding Ending	0.97	0.97
Weighted Average Fair Value, 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	9 Months Ended
	Sep. 30, 2019	Sep. 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)	Sep. 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 ($)	Sep. 30, 2019	Dec. 31, 2018
Broker-Dealer, Net Capital Requirement, SEC Regulation [Abstract]
Common equity Tier 1 capital (to risk-weighted assets), Actual Amount	$ 20,739,040	$ 20,393,710
Common equity Tier 1 capital (to risk-weighted assets), Actual Ratio	14.38%	14.22%
Common equity Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 6,489,540	$ 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	$ 9,373,780	$ 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	$ 20,739,040	$ 20,393,710
Tier 1 capital (to risk-weighted assets), Actual Ratio	14.38%	14.22%
Tier 1 capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 8,652,720	$ 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	$ 11,536,960	$ 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	$ 21,898,497	$ 21,518,635
Total capital (to risk-weighted assets), Actual Ratio	15.18%	15.01%
Total capital (to risk-weighted assets), For capital adequacy purposes Amount	$ 11,536,960	$ 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	$ 14,421,200	$ 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	$ 20,739,040	$ 20,393,710
Tier 1 capital (to average assets), Actual Ratio	10.68%	11.59%
Tier 1 capital (to average assets), For capital adequacy purposes Amount	$ 7,765,535	$ 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	$ 9,706,918	$ 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)	Sep. 30, 2019USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	$ 16,647,664
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	1,980,750
Construction Unadvanced Funds [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	4,470,336
Unused Lines of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	7,035,443
Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments	$ 3,161,135

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Assets Reported on the Balance Sheets Fair Value on Recurring Basis (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 8,534,477	$ 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	6,011,625	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	1,396,897	1,501,962
Corporate Bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	1,125,955	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	8,534,477	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	6,011,626	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	1,396,897	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	1,125,955	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	279,697	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	117,743	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	6,011,626	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	1,396,897	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	1,125,955	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	279,697	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	$ 117,743	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 ($)	Sep. 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 ($)	Sep. 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	117,743	246,549
Mortgage servicing rights, Fair Value	$ 279,697	$ 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	(9.44%)	(9.69%)

Fair Value Measurements - Sch_4

Fair Value Measurements - Schedule of Estimated Fair Values of the Bank's Financial Instruments (Details) - USD ($)	Sep. 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	8,534,477	9,068,101
Investment securities: Held to maturity	4,576	6,478
Investment securities: Accrued interest receivable	676,076	639,474
Financial liabilities: Accrued interest payable	286,541	255,486
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents	19,233,559	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	54,539,665	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	2,841,615	837,828
Investment securities: Available for sale	8,534,477	8,875,777
Investment securities: Held to maturity	4,576	6,478
Investment securities: Loans, net
Investment securities: Accrued interest receivable	676,076	639,474
Investment securities: FHLB stock
Financial liabilities: Deposits
Financial liabilities: FHLB advances	32,073,500	31,242,500
Financial liabilities: Accrued interest payable	286,541	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	168,805,926	159,275,657
Investment securities: Accrued interest receivable
Investment securities: FHLB stock	2,845,700	2,651,400
Financial liabilities: Deposits	95,737,172	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	19,233,559	9,034,070
Financial assets: Certificates of deposit	2,715,000	846,000
Investment securities: Available for sale	8,534,477	9,068,101
Investment securities: Held to maturity	4,516	6,394
Investment securities: Loans, net	159,207,926	158,529,657
Investment securities: Accrued interest receivable	676,076	639,474
Investment securities: FHLB stock	2,845,700	2,651,400
Financial liabilities: Deposits	148,028,837	136,108,766
Financial liabilities: FHLB advances	31,374,500	31,374,500
Financial liabilities: Accrued interest payable	286,541	255,486
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Financial assets: Cash and cash equivalents	19,233,559	9,034,070
Financial assets: Certificates of deposit	2,841,615	837,828
Investment securities: Available for sale	8,534,477	9,068,101
Investment securities: Held to maturity	4,576	6,478
Investment securities: Loans, net	168,805,926	159,275,657
Investment securities: Accrued interest receivable	676,076	639,474
Investment securities: FHLB stock	2,845,700	2,651,400
Financial liabilities: Deposits	150,276,837	134,639,766
Financial liabilities: FHLB advances	32,073,500	31,242,500
Financial liabilities: Accrued interest payable	$ 286,541	$ 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		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period			$ (74,623)
Other comprehensive income (loss) on securities before reclassification, net of tax	$ (50,766)	$ (30,195)	161,387	$ (60,008)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax			(50,593)
Net other comprehensive income (loss)	(40,105)	(56,032)	87,527	(79,267)	$ (51,136)
Accumulated other comprehensive income (loss), end of period	12,904		12,904		(74,623)
Net Unrealized Gain (Loss) on Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning of period	53,009	(46,722)	(74,623)	(23,487)	(23,487)
Other comprehensive income (loss) on securities before reclassification, net of tax	(40,105)	(56,032)	127,496	(79,267)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax			(39,969)
Net other comprehensive income (loss)	(40,105)	(56,032)	87,527	(79,267)
Accumulated other comprehensive income (loss), end of period	$ 12,904	$ (102,754)	$ 12,904	$ (102,754)	$ (74,623)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Computation of Earnings Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
EARNINGS PER COMMON SHARE
Net Income	$ 89,553	$ 94,834	$ 306,836	$ 198,389	$ 380,416
Average shares outstanding	2,248,805	2,248,250	2,248,458
Less: Average unearned ESOP shares	81,146	85,377	82,237
Shares outstanding for basic EPS	2,167,659	2,162,873	2,166,221
Additional dilutive shares			221
Shares outstanding for diluted EPS	2,167,659	2,162,873	2,166,442
Basic income per share	$ 0.04	$ 0.04	$ 0.14
Diluted income per share	$ 0.04	$ 0.04	$ 0.14