Deposits

3 Months Ended

Mar. 31, 2025

Deposits [Abstract]

Deposits

Note 4: Deposits

The composition of deposits at March 31, 2025 and December 31, 2024 is as follows:

	March 31, 2025		December 31, 2024
Non-interest-bearing demand	$	8,291,770	$	9,461,778
Interest-bearing demand		42,148,244		40,044,250
Savings		26,612,919		28,885,850
Money market		42,455,472		42,827,392
Certificates of deposit		112,137,679		110,300,200
Total deposits	$	231,646,084	$	231,519,470

The aggregate amount of certificates of deposit in denominations of $250,000 or more at March 31, 2025 and December 31, 2024 was approximately $21,302,000 and $18,798,000, respectively.

The scheduled maturities of certificates of deposit as of March 31, 2025, are summarized as follows:

Twelve months ended March 31,		Amount
2026	$	86,290,646
2027		16,242,900
2028		4,471,991
2029		3,177,135
2030		1,955,007
Total	$	112,137,679

Deposits from directors, executive officers, and their affiliates totaled $2,838,922 and $2,514,749 at March 31, 2025 and December 31, 2024, respectively.