CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 7,008,752	$ 11,140,559
Interest-bearing deposits at the Federal Reserve	35,638,304	128,971,429
Investment securities available for sale	270,703,544	212,347,489
Mortgage loans to be sold	4,092,450	2,774,388
Loans	316,535,748	306,632,229
Less: Allowance for loan losses	(4,306,865)	(4,376,987)
Net loans	312,228,883	302,255,242
Premises, equipment and leasehold improvements,  net	3,710,098	3,782,936
Right of use asset	13,737,768	14,041,843
Accrued interest receivable	1,661,438	1,404,227
Other assets	6,683,953	2,502,533
Total assets	655,465,190	679,220,646
Deposits:
Non-interest bearing demand	241,473,757	255,783,644
Interest bearing demand	169,106,826	165,335,038
Money market accounts	102,506,579	98,113,942
Time deposits $250,000 and over	5,150,841	7,417,864
Other time deposits	12,861,837	13,870,356
Other savings deposits	66,690,321	68,670,732
Total deposits	597,790,161	609,191,576
Accrued interest payable and other liabilities	2,320,033	2,069,594
Lease liability	13,737,768	14,041,843
Total liabilities	613,847,962	625,303,013
Shareholders’ equity
Common stock - no par 12,000,000 shares authorized; Issued 5,852,325 shares at June 30, 2022 and 5,841,240 shares at December 31, 2021. Shares outstanding 5,552,351 and 5,541,266 at June 30, 2022 and December 31, 2021, respectively.
Additional paid in capital	47,966,172	47,745,285
Retained earnings	12,242,318	11,122,710
Treasury stock: 299,974 shares at June 30, 2022 and December 31, 2021	(2,817,392)	(2,817,392)
Accumulated other comprehensive loss, net of income taxes	(15,773,870)	(2,132,970)
Total shareholders’ equity	41,617,228	53,917,633
Total liabilities and shareholders’ equity	$ 655,465,190	$ 679,220,646