The Company has defined cash and cash equivalents as cash and due from banks. Cash and due from banks for the purposes of the Consolidated Statements of Cash Flows, include cash on hand, balances due from banks; which includes non-interest- and interest-bearing accounts, and federal funds sold, all of which mature within ninety days.

The Company paid $3,901,649 and $5,039,127 for the six months ended June 30, 2025 and 2024, respectively, for interest on deposits and borrowings. The Company paid $380,000 and $835,000 in estimated income tax payments during the six months ended June 30, 2025 and 2024, respectively.  No loans were transferred to other real estate during the six months ended June 30, 2025 and two loans were transferred to other real estate and the collateral sold during the six months ended June 30, 2024.