CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 7,099,250	$ 14,772,564
Interest-bearing deposits at the Federal Reserve	14,885,733	12,999,135
Investment securities available for sale	267,439,924	271,172,226
Mortgage loans to be sold	1,278,158	866,594
Loans	333,789,455	330,981,782
Less: Allowance for credit losses	(3,688,503)	(4,291,221)
Net loans	330,100,952	326,690,561
Premises, equipment and leasehold improvements,  net	4,005,565	3,988,607
Right of use asset	13,275,236	13,433,692
Accrued interest receivable	1,842,995	2,145,522
Other assets	7,433,816	7,276,708
Total assets	647,361,629	653,345,609
Deposits:
Non-interest bearing demand	211,238,078	223,117,903
Interest bearing demand	149,605,230	195,143,514
Money market accounts	102,387,646	100,014,125
Time deposits $250,000 and over	52,635,553	5,303,509
Other time deposits	11,919,031	11,266,099
Other savings deposits	59,806,921	63,825,108
Total deposits	587,592,459	598,670,258
Accrued interest payable and other liabilities	2,986,116	2,430,272
Lease liability	13,275,236	13,433,692
Total liabilities	603,853,811	614,534,222
Shareholders' equity
Common stock - no par 12,000,000 shares authorized; Issued 5,852,325 shares at both March 31, 2023 and December 31, 2022. Shares outstanding 5,552,351 at both March 31, 2023 and December 31, 2022.
Additional paid in capital	48,058,836	48,028,689
Retained earnings	14,647,449	14,002,571
Treasury stock: 299,974 shares at March 31, 2023 and December 31, 2022	(2,817,392)	(2,817,392)
Accumulated other comprehensive loss, net of income taxes	(16,381,075)	(20,402,481)
Total shareholders' equity	43,507,818	38,811,387
Total liabilities and shareholders' equity	$ 647,361,629	$ 653,345,609