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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 11,605,275 $ 8,986,540
Interest-earning demand deposits 15,606,208 12,770,650
Cash and cash equivalents 27,211,483 21,757,190
Interest-earning time deposits 300,000 300,000
Investment securities - available for sale 249,348,028 258,191,630
Investment securities - held to maturity 2,931,552 3,497,913
Loans held for sale 135,700 1,092,920
Loans and leases, net of allowance for credit losses of $16,219,007 and $15,790,885, respectively 1,167,849,671 1,158,879,008
Premises and equipment, net 13,189,137 12,922,028
Federal Home Loan Bank stock 13,907,100 13,907,100
Interest receivable 6,196,155 6,030,000
Mortgage-servicing rights 1,925,364 1,950,504
Cash surrender value of life insurance 3,904,292 3,856,494
Other assets 20,860,703 22,490,073
Total assets 1,507,759,185 1,504,874,860
Liabilities    
Noninterest-bearing deposits 106,215,956 110,105,973
Interest-bearing deposits 990,173,060 983,833,884
Total deposits 1,096,389,016 1,093,939,857
Federal Home Loan Bank advances 267,000,000 265,000,000
Advances by borrowers for taxes and insurance 666,757 590,439
Interest payable 3,843,216 4,831,674
Other liabilities 7,538,631 7,641,130
Total liabilities 1,375,437,620 1,372,003,100
Commitments and Contingent Liabilities 0 0
Stockholders' Equity    
Common stock 103,891 108,150
Additional paid-in capital 92,798,702 97,709,231
Retained earnings 93,220,564 91,582,986
Unearned employee stock ownership plan (ESOP) (10,354,751) (10,722,410)
Accumulated other comprehensive loss (43,446,841) (45,806,197)
Total stockholders' equity 132,321,565 132,871,760
Total liabilities and stockholders' equity $ 1,507,759,185 $ 1,504,874,860