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Consolidated Statements Of Financial Condition - USD ($)
Mar. 31, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 15,233,627 $ 14,446,792
Interest-bearing deposits in other banks 53,820,627 90,621,993
Cash and cash equivalents 69,054,254 105,068,785
Securities available for sale 91,591,740 41,838,798
Securities held to maturity (fair value of $78,414,506 and $74,081,059, respectively) 81,314,630 74,053,099
Loans held for sale 450,000 1,152,500
Loans, net of allowance of $2,153,174 and $2,153,174, respectively 564,426,841 570,209,669
Premises and equipment, net 8,060,909 8,127,979
Federal Home Loan Bank (FHLB) stock and other restricted securities 4,514,700 4,851,300
Accrued interest receivable 2,770,432 2,712,605
Core deposit intangibles 318,347 336,364
Bank-owned life insurance 24,667,417 24,524,122
Other assets 3,520,871 4,486,366
Total Assets 850,690,141 837,361,587
Liabilities and Equity    
Non-interest bearing deposits 42,935,960 39,317,500
Interest bearing deposits 576,996,588 558,162,278
Total Deposits 619,932,548 597,479,778
FHLB advances 78,003,974 85,051,736
Advance payments by borrowers for taxes and insurance 2,931,998 2,856,120
Other liabilities 4,795,689 4,397,742
Total liabilities 705,664,209 689,785,376
Stockholders’ Equity    
Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at March 31, 2022 and December 31, 2021
Common stock $0.01 par value, 30,000,000 shares authorized, 14,425,308 issued and outstanding at March 31, 2022 and 14,605,809 at December 31, 2021 144,252 146,057
Additional paid-in capital 66,580,931 68,247,204
Retained earnings 86,280,709 84,879,812
Unearned ESOP shares (456,644 shares at March 31, 2022 and 463,239 shares at December 31, 2021) (5,348,905) (5,424,206)
Accumulated other comprehensive loss (2,631,055) (272,656)
Total stockholders’ equity 145,025,932 147,576,211
Total liabilities and stockholders’ equity $ 850,690,141 $ 837,361,587