v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 9,275,184 $ 8,986,540
Interest-bearing demand deposits 23,855,310 12,770,650
Cash and cash equivalents 33,130,494 21,757,190
Interest-bearing time deposits 2,070,000 300,000
Investment securities - available for sale 251,915,497 258,191,630
Investment securities - held to maturity 2,747,889 3,497,913
Loans held for sale 828,000 1,092,920
Loans and leases, net of allowance for credit losses of $16,465,708 and $15,790,885, respectively 1,176,812,906 1,158,879,008
Premises and equipment, net 13,396,583 12,922,028
Federal Home Loan Bank stock 13,907,100 13,907,100
Interest receivable 6,299,925 6,030,000
Mortgage-servicing rights 1,883,446 1,950,504
Cash surrender value of life insurance 3,953,634 3,856,494
Other assets 18,845,066 22,490,073
Total assets 1,525,790,540 1,504,874,860
Liabilities    
Noninterest-bearing deposits 100,090,746 110,105,973
Interest-bearing deposits 1,014,802,514 983,833,884
Total deposits 1,114,893,260 1,093,939,857
Federal Home Loan Bank advances 240,000,000 265,000,000
Other borrowings 12,000,000 0
Advances by borrowers for taxes and insurance 650,674 590,439
Interest payable 3,456,973 4,831,674
Other liabilities 9,008,533 7,641,130
Total liabilities 1,380,009,440 1,372,003,100
Commitments and Contingent Liabilities 0 0
Stockholders' Equity    
Common stock 105,013 108,150
Additional paid-in capital 92,897,260 97,709,231
Retained earnings 97,324,605 91,582,986
Unearned employee stock ownership plan (ESOP) (9,987,093) (10,722,410)
Accumulated other comprehensive loss (34,558,685) (45,806,197)
Total stockholders' equity 145,781,100 132,871,760
Total liabilities and stockholders' equity $ 1,525,790,540 $ 1,504,874,860