Condensed Consolidated Balance Sheets - USD ($)		Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks		$ 2,126,888	$ 2,348,157
Interest-bearing demand deposits in banks		14,660,115	31,622,109
Federal funds sold		5,085,000	3,765,000
Cash and cash equivalents		21,872,003	37,735,266
Interest-bearing time deposits		1,000,000	0
Available-for-sale debt securities		5,539,738	6,733,213
Loans held for sale		18,119,870	3,114,081
Loans, net of allowance for loan losses of $1,472,545 and $1,407,545, respectively		169,844,971	179,332,026
Premises and equipment, net		3,493,926	3,354,447
Federal Home Loan Bank stock		2,801,800	2,657,400
Interest receivable		552,531	624,333
Mortgage servicing rights		1,615,973	1,213,815
Federal Home Loan Bank lender risk account receivable		1,767,171	1,713,240
Bank-owned life insurance		4,150,910	4,086,645
Other assets		1,184,256	1,237,095
Total assets		231,943,149	241,801,561
Deposits
Demand		36,255,371	28,658,432
Savings		44,144,641	37,514,343
Certificates of deposit		67,147,362	77,237,932
Total deposits		147,547,374	143,410,707
Federal Home Loan Bank advances		40,512,000	47,172,066
Stock subscription proceeds in escrow		0	23,407,011
Advances from borrowers for taxes and insurance		1,300,427	1,806,638
Interest payable		75,531	91,636
Directors deferred compensation		590,976	559,295
Deferred tax liabilities		859,941	478,654
Other liabilities		1,319,849	794,389
Total liabilities		192,206,098	217,720,396
Commitments and Contingent Liabilities
Temporary Equity
ESOP Shares subject to mandatory redemption		0	244,327
Stockholders' Equity
Preferred stock - authorized 1,000,000 shares, $0.01 par value, none issued		0	0
Common stock - authorized 14,000,000 shares, $0.01 par value, 2,975,625 and 2,972,391 issued and outstanding at September 30, 2020 and December 31, 2019, respectively (1)	[1]	29,756	29,607
Additional paid-in capital		23,237,090	7,529,850
Unearned ESOP shares		(1,699,372)	(449,313)
Retained earnings - substantially restricted		18,454,160	17,017,683
Accumulated other comprehensive loss		(284,583)	(290,989)
Total stockholders' equity		39,737,051	23,836,838
Total liabilities, temporary equity, and stockholders' equity		$ 231,943,149	$ 241,801,561

[1] Share amounts related to the periods prior to the January 22, 2020 closing of the conversion offering have been restated to give retroactive recognition to the 1.6351 exchange ratio applied in the conversion offering. (see Note 1).