COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Summary of outstanding firm commitments

The Bank had outstanding firm commitments, all of which expire within two months, to originate, or purchase participation interests in, loans at December 31, 2022 and 2021 was as follows:

Note 15 – Commitments and Contingencies (Continued)

	2022		2021
Fixed Rate
Residential mortgage loans	$	650,000	$	2,986,250
Commercial real estate		—		—
Commercial & Industrial		500,000		—
Home equity line of credit		85,000		170,000
	$	1,235,000	$	3,156,250
Variable Rate
Residential mortgage loans	$	1,822,807	$	—
Construction loans		32,935,531		44,683,133
Home equity loans		510,000		1,060,000
Commercial real estate		-		1,400,000
	$	35,268,338	$	47,143,133