Consolidated Balance Sheets - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 2,951,787	$ 2,348,157
Interest-bearing demand deposits in banks	23,558,019	31,622,109
Federal funds sold	5,838,000	3,765,000
Cash and cash equivalents	32,347,806	37,735,266
Interest-bearing time deposits	3,000,000
Available-for-sale debt securities	5,213,830	6,733,213
Loans held for sale	13,345,370	3,114,081
Loans, net of allowance for loan losses of $1,672,545 and $1,407,545, respectively	166,667,918	179,332,026
Premises and equipment, net	3,487,826	3,354,447
Federal Home Loan Bank stock	2,801,800	2,657,400
Interest receivable	520,775	624,333
Mortgage servicing rights	2,025,323	1,213,815
Federal Home Loan Bank lender risk account receivable	1,947,271	1,713,240
Bank-owned life insurance	4,172,486	4,086,645
Other assets	1,603,150	1,237,095
Total assets	237,133,555	241,801,561
Deposits
Demand	41,945,628	28,658,432
Savings	48,056,629	37,514,343
Certificates of deposit	62,204,786	77,237,932
Total deposits	152,207,043	143,410,707
Federal Home Loan Bank advances	38,412,000	47,172,066
Stock subscription proceeds in escrow		23,407,011
Advances from borrowers for taxes and insurance	1,946,340	1,806,638
Interest payable	73,585	91,636
Directors deferred compensation	601,536	559,295
Deferred tax liabilities	905,975	757,075
Other liabilities	1,483,105	515,968
Total liabilities	195,629,584	217,720,396
Commitments and Contingent Liabilities
Temporary Equity
ESOP Shares subject to mandatory redemption		244,327
Stockholders' Equity
Common stock - authorized 14,000,000 shares, $0.01 par value, 2,975,625 and 2,972,391 issued and outstanding at December 31, 2020 and December 31, 2019, respectively (1)	29,756	29,607
Additional paid-in capital	23,266,485	7,529,850
Unearned ESOP shares	(1,673,660)	(449,313)
Retained earnings - substantially restricted	20,173,404	17,017,683
Accumulated other comprehensive loss	(292,014)	(290,989)
Total stockholders' equity	41,503,971	23,836,838
Total liabilities, temporary equity, and stockholders' equity	$ 237,133,555	$ 241,801,561