XML 38 R29.htm IDEA: XBRL DOCUMENT v3.23.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Effect of Adoption of ASC 326 on Loan Portfolio Segments and ACL by Portfolio Segment (Detail) - USD ($)
Jun. 30, 2023
Mar. 31, 2023
Jan. 01, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Financing Receivable, Past Due [Line Items]              
Total loans $ 708,732,034   $ 721,729,711 $ 721,603,936      
Allowance for credit losses (2,785,949) $ (2,860,949) (2,860,949) (2,578,174) $ (2,253,174) $ (2,153,174) $ (2,153,174)
Net loans 705,946,085   718,868,762 719,025,762      
Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses       (3,960)      
Commercial Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans 3,692,425   1,684,189 1,684,189      
Allowance for credit losses (11,400) (4,000) 4,000 (3,960) (7,000) (9,400) (9,400)
Consumer              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses (11,400)            
Residential First Mortgage | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans 488,571,980   495,689,840 466,100,627      
Allowance for credit losses (1,811,547) (1,914,947) (1,814,203) (1,602,534) (1,251,924) (1,092,474) (1,092,474)
Commercial and Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans       162,338,669      
Allowance for credit losses (539,002)   (615,480) (680,000) (768,600) (768,600)
Commercial Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans 100,761,175   96,030,721        
Allowance for credit losses (539,002) (423,002) (522,977) (381,180)      
Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans 67,007,772   66,400,713        
Allowance for credit losses (265,000) (278,000) (259,769) (234,300)      
Construction | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans 48,678,332   61,825,478 61,825,478      
Allowance for credit losses (159,000) $ (241,000) (260,000) (258,500) (232,000) (195,000) (195,000)
Construction | Commercial Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses (159,000)            
Home Equity and Other Consumer | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses       (97,700)      
Home Equity and Other Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans       29,654,973      
Allowance for credit losses       (97,700) $ (82,250) $ (87,700) $ (87,700)
Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans $ 20,350   98,770        
Pre Adoption              
Financing Receivable, Past Due [Line Items]              
Total loans     721,603,936 721,729,711      
Allowance for credit losses     (2,578,174) (2,860,949)      
Net loans     719,025,762 718,868,762      
Pre Adoption | Commercial Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     1,684,189 1,684,189      
Allowance for credit losses     (3,960)        
Pre Adoption | Residential First Mortgage | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     466,100,627 495,689,840      
Allowance for credit losses     (1,602,534)        
Pre Adoption | Commercial and Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     162,338,669        
Allowance for credit losses     (615,480)        
Pre Adoption | Commercial Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans       96,030,721      
Pre Adoption | Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans       66,400,713      
Pre Adoption | Construction | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     61,825,478 61,825,478      
Allowance for credit losses     (258,500)        
Pre Adoption | Home Equity and Other Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans     29,654,973        
Allowance for credit losses     (97,700)        
Pre Adoption | Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans       98,770      
The Effect of Adoption              
Financing Receivable, Past Due [Line Items]              
Total loans     125,775 125,775      
Allowance for credit losses     (282,775) (282,775)      
Net loans     (157,000) (157,000)      
The Effect of Adoption | Commercial Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses     (40)        
The Effect of Adoption | Residential First Mortgage | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     29,589,213 29,589,213      
Allowance for credit losses     (211,669)        
The Effect of Adoption | Commercial and Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     (162,338,669) (162,338,669)      
Allowance for credit losses     615,480        
The Effect of Adoption | Commercial Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     96,030,721 96,030,721      
Allowance for credit losses     (522,977)        
The Effect of Adoption | Multi-Family Real Estate | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Total loans     66,400,713 66,400,713      
Allowance for credit losses     (259,769)        
The Effect of Adoption | Construction | Commercial Real Estate Portfolio Segment              
Financing Receivable, Past Due [Line Items]              
Allowance for credit losses     (1,500)        
The Effect of Adoption | Home Equity and Other Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans     (29,654,973) (29,654,973)      
Allowance for credit losses     97,700        
The Effect of Adoption | Consumer | Consumer              
Financing Receivable, Past Due [Line Items]              
Total loans     $ 98,770 $ 98,770