Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Measurements

Summary of carrying amounts and estimated fair values by fair value hierarchy of certain financial instruments

	Carrying								Estimated
	Amount								Fair Value
	December 31, 2024		(Level 1)		(Level 2)		(Level 3)		December 31, 2024
Financial assets:
HTM debt securities:
U.S. government sponsored agencies	$	28,306,633	$	—	$	27,494,019	$	—	$	27,494,019
U.S. Treasury securities	$	10,699,998	$	10,668,607	$	—	$	—	$	10,668,607
Loans, net	$	186,354,436	$	—	$	—	$	177,234,000	$	177,234,000
Financial liabilities:
Interest-bearing deposits	$	222,057,692	$	—	$	200,557,000	$	—	$	200,557,000
Fixed rate, fixed term FHLB advances	$	19,500,000	$	—	$	19,459,137	$	—	$	19,459,137

	Carrying								Estimated
	Amount								Fair Value
	December 31, 2023		(Level 1)		(Level 2)		(Level 3)		December 31, 2023
Financial assets:
HTM debt securities:
U.S. government sponsored agencies	$	28,223,324	$	—	$	27,990,273	$	—	$	27,990,273
U.S. Treasury securities	$	11,827,534	$	11,814,555	$	—	$	—	$	11,814,555
Loans, net	$	174,315,171	$	—	$	—	$	165,086,000	$	165,086,000
Financial liabilities:
Interest-bearing deposits	$	220,217,134	$	—	$	207,001,000	$	—	$	207,001,000
Fixed rate, fixed term FHLB advances	$	6,000,000	$	—	$	5,990,708	$	—	$	5,990,708