Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 31,890,831	$ 31,876,399
Federal funds sold	10,000,000	10,000,000
Cash and cash equivalents	41,890,831	41,876,399
Certificates of deposit with other banks	3,451,000	5,652,000
Investment securities available-for-sale	45,631,636	15,916,866
Other investments	190,700	714,000
Mortgage loans held for sale	2,844,707	2,944,962
Loans, net	266,304,448	262,355,967
Premises and equipment, net	3,224,889	3,443,509
Other real estate owned	1,115,100	81,000
Bank owned life insurance	11,166,573	10,883,428
Accrued interest receivable and other assets	5,122,263	6,059,002
Total Assets	380,942,147	349,927,133
Deposits:
Demand	35,939,917	28,768,659
Interest-bearing demand	146,831,902	146,479,513
Savings	34,014,635	32,275,374
Certificates of deposit	72,530,254	86,576,281
Total deposits	289,316,708	294,099,827
Federal Home Loan Bank advances	0	9,515,477
Accrued interest payable and other liabilities	4,812,858	6,453,541
Total liabilities	294,129,566	310,068,845
Commitments
Shareholders' Equity
Common stock, $.01 par value, 20,000,000 and -0- shares authorized as of December 31, 2021 and 2020, respectively; 4,898,350 and -0- shares issued and outstanding as of December 31, 2021 and 2020, respectively	48,984
Additional paid in capital	47,481,077
Retained earnings	44,613,668	41,973,211
Accumulated other comprehensive loss	(1,608,401)	(2,114,923)
Unearned ESOP shares 372,275 and -0- shares unallocated at December 31, 2021 and 2020, respectively	(3,722,747)	0
Total shareholders' equity	86,812,581	39,858,288
Total liabilities and shareholders' equity	$ 380,942,147	$ 349,927,133