XML 51 R41.htm IDEA: XBRL DOCUMENT v3.22.2.2
The following tables present the carrying amount, fair value, and placement in the fair value hierarchy of our financial instruments as of September 30, 2022 and December 31, 2021, respectively. (Details) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Financial Assets:    
Investment securities available for sale $ 269,386,643 $ 212,347,489
Reported Value Measurement [Member]    
Financial Assets:    
Cash and due from banks 5,597,144 11,140,559
Interest-bearing deposits at the Federal Reserve 3,456,566 128,971,429
Investment securities available for sale 269,386,643 212,347,489
Mortgage loans to be sold 654,944 2,774,388
Loans, net 323,955,052 302,255,242
Accrued interest receivable 1,755,179 1,404,227
Financial Liabilities:    
Demand deposits 560,910,510 587,903,356
Time deposits 17,201,999 21,288,220
Accrued interest payable 14,916 14,914
Estimate of Fair Value Measurement [Member]    
Financial Assets:    
Cash and due from banks 5,597,144 11,140,559
Interest-bearing deposits at the Federal Reserve 3,456,566 128,971,429
Investment securities available for sale 269,386,643 212,347,489
Mortgage loans to be sold 654,944 2,774,388
Loans, net 305,520,421 293,731,997
Accrued interest receivable 1,755,179 1,404,227
Financial Liabilities:    
Demand deposits 560,910,510 587,903,356
Time deposits 16,940,516 21,428,310
Accrued interest payable 14,916 14,914
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]    
Financial Assets:    
Cash and due from banks 5,597,144 11,140,559
Interest-bearing deposits at the Federal Reserve 3,456,566 128,971,429
Investment securities available for sale 167,313,100 100,062,300
Mortgage loans to be sold
Loans, net
Accrued interest receivable
Financial Liabilities:    
Demand deposits
Time deposits
Accrued interest payable
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]    
Financial Assets:    
Cash and due from banks
Interest-bearing deposits at the Federal Reserve
Investment securities available for sale 73,236,048 87,801,142
Mortgage loans to be sold 654,944 2,774,388
Loans, net
Accrued interest receivable 1,755,179 1,404,227
Financial Liabilities:    
Demand deposits 560,910,510 587,903,356
Time deposits 16,940,516 21,428,310
Accrued interest payable 14,916 14,914
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]    
Financial Assets:    
Cash and due from banks
Interest-bearing deposits at the Federal Reserve
Investment securities available for sale 28,837,495 24,484,047
Mortgage loans to be sold
Loans, net 305,520,421 293,731,997
Accrued interest receivable  
Financial Liabilities:    
Demand deposits
Time deposits
Accrued interest payable