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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of fair value of assets and liabilities measured at fair value on recurring basis

Recurring Fair Value Measurements Using

Quoted Prices

in Active

Significant

Assets

Markets for

Other

Significant

Measured at

Identical

Observable

Unobservable

Fair Value

Instruments

Inputs

Inputs

    

March 31, 2025

(Level 1)

    

(Level 2)

    

(Level 3)

Financial assets:

  

  

  

  

Securities available for sale:

  

  

  

  

Mortgage-backed securities

$

7,761,117

$

$

7,761,117

$

State and political subdivisions

12,362,597

12,362,597

Corporate securities

2,906,540

2,906,540

Total securities available for sale

$

23,030,254

$

$

23,030,254

$

Recurring Fair Value Measurements Using

Quoted Prices

in Active

Significant

Assets

Markets for

Other

Significant

Measured at

Identical

Observable

Unobservable

Fair Value

Instruments

Inputs

Inputs

    

December 31, 2024

(Level 1)

    

(Level 2)

    

(Level 3)

Financial assets:

  

  

  

  

Securities available for sale:

  

  

  

  

Mortgage-backed securities

$

7,823,809

$

$

7,823,809

$

State and political subdivisions

 

12,138,946

 

 

12,138,946

 

Corporate securities

 

2,844,081

 

 

2,844,081

 

Total securities available for sale

$

22,806,836

$

$

22,806,836

$