Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 25,545,872	$ 31,890,831
Federal funds sold	0	10,000,000
Cash and cash equivalents	25,545,872	41,890,831
Certificates of deposit with other banks	1,739,000	3,451,000
Investment securities available-for-sale	43,096,552	45,631,636
Other investments	1,377,500	190,700
Mortgage loans held for sale	2,085,099	2,844,707
Loans, net	334,138,871	266,304,448
Premises and equipment, net	3,132,282	3,224,889
Other real estate owned	683,800	1,115,100
Bank owned life insurance	11,442,653	11,166,573
Accrued interest receivable and other assets	6,375,897	5,122,263
Total Assets	429,617,526	380,942,147
Deposits:
Demand	39,154,420	35,939,917
Interest-bearing demand	168,607,990	146,831,902
Savings	31,572,424	34,014,635
Certificates of deposit	89,505,398	72,530,254
Total deposits	328,840,232	289,316,708
Federal Home Loan Bank advances	11,000,000	0
Accrued interest payable and other liabilities	4,499,460	4,812,858
Total liabilities	344,339,692	294,129,566
Commitments
Stockholders' Equity
Common stock, $.01 par value, 20,000,000 shares authorized as of December 31, 2022 and 2021; 5,049,372 and 4,898,350 shares issued as of December 31, 2022 and 2021; 4,974,200 and 4,898,350 shares outstanding as of December 31, 2022 and 2021, respectively	50,494	48,984
Additional paid in capital	50,128,052	47,481,077
Retained earnings	45,876,694	44,613,668
Accumulated other comprehensive loss	(4,305,039)	(1,608,401)
Treasury stock: 75,172 shares and 0 shares as of December 31, 2022 and December 31, 2021, respectively	(1,085,265)	0
Unearned ESOP 352,682 shares and 372,275 shares unallocated at December 31, 2022 and 2021, respectively	(3,526,812)	(3,722,747)
Restricted Stock	(1,860,290)	0
Total stockholders' equity	85,277,834	86,812,581	$ 39,858,288
Total liabilities and stockholders' equity	$ 429,617,526	$ 380,942,147