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Consolidated Statements Of Financial Condition - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and due from banks $ 8,885,168 $ 14,446,792
Interest-bearing deposits in other banks 4,440,605 90,621,993
Cash and cash equivalents 13,325,773 105,068,785
Securities available for sale 88,091,340 41,838,798
Securities held to maturity (fair value of $76,575,170 and $74,081,059, respectively) 84,128,385 74,053,099
Loans held for sale   1,152,500
Loans, net of allowance of $2,428,174 and $2,153,174, respectively 707,119,408 570,209,669
Premises and equipment, net 7,954,437 8,127,979
Federal Home Loan Bank (FHLB) stock and other restricted securities 6,663,500 4,851,300
Accrued interest receivable 3,411,329 2,712,605
Core deposit intangibles 283,802 336,364
Bank-owned life insurance 30,021,952 24,524,122
Other assets 5,205,892 4,486,366
Total Assets 946,205,818 837,361,587
Liabilities and Equity    
Non-interest bearing deposits 36,635,406 39,317,500
Interest bearing deposits 631,524,062 558,162,278
Total deposits 668,159,468 597,479,778
FHLB advances 128,111,317 85,051,736
Advance payments by borrowers for taxes and insurance 3,921,880 2,856,120
Other liabilities 4,894,794 4,397,742
Total liabilities 805,087,459 689,785,376
Stockholders’ Equity    
Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at September 30, 2022 and December 31, 2021
Common stock $0.01 par value, 30,000,000 shares authorized, 14,059,388 issued and outstanding at September 30, 2022 and 14,605,809 at December 31, 2021 140,593 146,057
Additional paid-in capital 62,978,243 68,247,204
Retained earnings 89,853,322 84,879,812
Unearned ESOP shares (443,236 shares at September 30, 2022 and 463,239 shares at December 31, 2021) (5,198,303) (5,424,206)
Accumulated other comprehensive loss (6,655,496) (272,656)
Total stockholders’ equity 141,118,359 147,576,211
Total liabilities and stockholders’ equity $ 946,205,818 $ 837,361,587