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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Interest income:    
Loans, including fees $ 8,486,001 $ 7,572,886
Securities:    
Taxable 1,052,987 1,196,626
Tax-exempt 37,589 37,610
Other 161,461 125,293
Total interest income 9,738,038 8,932,415
Interest expense:    
Deposits 5,198,654 3,612,941
Borrowed funds 1,166,143 737,179
Total interest expense 6,364,797 4,350,120
Net interest income 3,373,241 4,582,295
Provision for credit losses 166,794 145,039
Net interest income after provision for credit losses 3,206,447 4,437,256
Noninterest income:    
Service charges on deposit accounts 74,470 53,291
Interchange income 241,149 248,471
Mortgage banking income 124,450 97,903
Gain on sale of mortgage loans 271,035 256,606
Increase in cash value of life insurance 236,677 212,118
Gain on interest rate swap 271,057 0
Gain (loss) on sale and disposal of fixed assets (34,050) 207,738
Gain on sale of other real estate owned 0 71,012
Other 480,048 302,029
Total noninterest income 1,664,836 1,449,168
Noninterest expense:    
Salaries and related benefits 4,184,386 3,935,673
Occupancy expense, net 662,054 716,476
Data processing 1,097,143 961,066
Advertising 152,357 142,979
FDIC insurance premiums 308,977 298,644
Other 902,263 1,164,383
Total noninterest expense 7,307,180 7,219,221
Income (loss) before provision for (benefit from) income taxes (2,435,897) (1,332,797)
Provision for (benefit from) income taxes (736,086) (397,557)
Net income (loss) $ (1,699,811) $ (935,240)
Earnings per share, Basic (in dollars per share) $ (8.62)  
Earnings per share, Diluted (in dollars per share) $ (8.62)  
Weighted average shares outstanding, Basic (in shares) 197,223  
Weighted average shares outstanding, Diluted (in shares) 197,223