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The following tables set forth the changes in the allowance for loan losses and an allocation of the allowance for loan losses by class for the three and six months ended June 30, 2022 and 2021. (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Allowance for Loan Losses:        
Beginning balance $ 4,304,502 $ 4,296,165 $ 4,376,987 $ 4,185,694
Charge-offs (5,074) (2,045) (19,416)
Recoveries 2,363 15,212 6,923 20,025
Provisions (75,000) 120,000
Ending balance 4,306,865 4,306,303 4,306,865 4,306,303
Commercial Loan [Member]        
Allowance for Loan Losses:        
Beginning balance 788,093 902,882 795,689 1,029,310
Charge-offs
Recoveries 10,584 10,584
Provisions 94,901 (111,918) 87,305 (238,346)
Ending balance 882,994 801,548 882,994 801,548
Commercial Real Estate Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 203,568 144,545 175,493 199,266
Charge-offs
Recoveries
Provisions 26,802 9,731 54,877 (44,990)
Ending balance 230,370 154,276 230,370 154,276
Commercial Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 2,294,010 2,077,769 2,376,306 1,909,121
Charge-offs
Recoveries
Provisions (83,699) 128,446 (165,995) 297,094
Ending balance 2,210,311 2,206,215 2,210,311 2,206,215
Residential Mortgage [Member]        
Allowance for Loan Losses:        
Beginning balance 919,972 1,052,160 924,784 925,077
Charge-offs (2,035)
Recoveries
Provisions (29,588) (26,654) (32,365) 100,429
Ending balance 890,384 1,025,506 890,384 1,025,506
Consumer Portfolio Segment [Member]        
Allowance for Loan Losses:        
Beginning balance 98,859 118,809 104,715 122,920
Charge-offs (3,288) (11,440)
Recoveries 2,024 4,628 6,224 9,441
Provisions (8,077) (1,391) (18,133) (2,163)
Ending balance 92,806 118,758 92,806 118,758
Paycheck Protection Program [Member]        
Allowance for Loan Losses:        
Beginning balance
Charge-offs (1,786) (10) (7,976)
Recoveries 339 699
Provisions (339) 1,786 (689) 7,976
Ending balance