CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 7,946,158	$ 11,140,559
Interest-bearing deposits at the Federal Reserve	61,420,171	128,971,429
Investment securities available for sale	257,906,304	212,347,489
Mortgage loans to be sold	2,626,999	2,774,388
Loans	314,905,975	306,632,229
Less: Allowance for loan losses	(4,304,502)	(4,376,987)
Net loans	310,601,473	302,255,242
Premises, equipment and leasehold improvements,  net	3,716,805	3,782,936
Right of use asset	13,889,805	14,041,843
Accrued interest receivable	1,473,108	1,404,227
Other assets	5,412,514	2,502,533
Total assets	664,993,337	679,220,646
Deposits:
Non-interest bearing demand	258,738,170	255,783,644
Interest bearing demand	159,954,068	165,335,038
Money market accounts	92,136,722	98,113,942
Time deposits $250,000 and over	7,668,871	7,417,864
Other time deposits	13,424,001	13,870,356
Other savings deposits	71,849,648	68,670,732
Total deposits	603,771,480	609,191,576
Accrued interest payable and other liabilities	2,373,739	2,069,594
Lease liability	13,889,805	14,041,843
Total liabilities	620,035,024	625,303,013
Shareholders’ equity
Common stock - no par 12,000,000 shares authorized; Issued 5,850,450 shares at March 31, 2022 and 5,841,240 shares at December 31, 2021. Shares outstanding 5,550,476 and 5,541,266 at March 31, 2022 and December 31, 2021, respectively.
Additional paid in capital	47,914,892	47,745,285
Retained earnings	11,643,236	11,122,710
Treasury stock: 299,974 shares at March 31, 2022 and December 31, 2021	(2,817,392)	(2,817,392)
Accumulated other comprehensive loss, net of income taxes	(11,782,423)	(2,132,970)
Total shareholders’ equity	44,958,313	53,917,633
Total liabilities and shareholders’ equity	$ 664,993,337	$ 679,220,646