XML 22 R7.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements Of Changes In Shareholders' Equity - USD ($)
Total
Common Stock [Member]
Additional Paid in Capital [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Unearned-ESOP Shares [Member]
Beginning Balance at Dec. 31, 2019 $ 39,788,462     $ 41,665,557 $ 1,877,095  
Net income 307,654     307,654    
Other comprehensive income, net of tax (237,828)       (237,828)  
Ending Balance at Dec. 31, 2020 39,858,288     41,973,211 (2,114,923)  
Net income 2,640,457     2,640,457    
Other comprehensive income, net of tax 506,522       506,522  
Proceeds from issuance of common stock, net of offering expenses 47,460,057 $ 48,984 $ 47,411,073      
ESOP loan payment and release of ESOP shares (265,937)   (70,004)     $ (195,933)
Purchases of shares of common stock by the ESOP (3,918,680)         (3,918,680)
Ending Balance at Dec. 31, 2021 $ 86,812,581 $ 48,984 $ 47,481,077 $ 44,613,668 $ (1,608,401) $ (3,722,747)