CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 11,140,559	$ 5,977,896
Interest-bearing deposits at the Federal Reserve	128,971,429	42,348,085
Investment securities available for sale (amortized cost of $215,047,451 and $132,706,063 in 2021 and 2020, respectively)	212,347,489	134,819,818
Mortgage loans to be sold	2,774,388	12,965,733
Loans	306,632,229	320,802,673
Less: Allowance for loan losses	(4,376,987)	(4,185,694)
Net loans	302,255,242	316,616,979
Premises, equipment and leasehold improvements, net	3,782,936	4,053,533
Right of use asset	14,041,843	12,730,151
Accrued interest receivable	1,404,227	1,595,629
Other assets	2,502,533	1,386,775
Total assets	679,220,646	532,494,599
Deposits:
Non-interest bearing demand	255,783,644	169,170,751
Interest bearing demand	165,335,038	140,602,723
Money market accounts	98,113,942	84,681,783
Time deposits $250,000 and over	7,417,864	4,493,189
Other time deposits	13,870,356	16,205,942
Other savings deposits	68,670,732	47,043,243
Total deposits	609,191,576	462,197,631
Accrued interest payable and other liabilities	2,069,594	2,586,461
Lease liability	14,041,843	12,730,151
Total liabilities	625,303,013	477,514,243
Shareholders’ equity
Additional paid in capital	47,745,285	47,404,869
Retained earnings	11,122,710	8,693,519
Treasury stock: 299,974 shares as of December 31, 2021 and 298,466 shares as of December 31, 2020	(2,817,392)	(2,787,898)
Accumulated other comprehensive income (loss), net of income taxes	(2,132,970)	1,669,866
Total shareholders’ equity	53,917,633	54,980,356
Total liabilities and shareholders’ equity	$ 679,220,646	$ 532,494,599