v3.26.1
Consolidated Statements of Income - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Interest Income    
Loans and leases $ 77,383,468 $ 71,596,350
Investment securities 7,705,994 8,103,183
Other 818,092 826,661
Total interest income 85,907,554 80,526,194
Interest Expense    
Deposits 31,248,368 31,750,966
Borrowings 10,812,848 10,068,067
Total interest expense 42,061,216 41,819,033
Net Interest Income 43,846,338 38,707,161
Provision for credit losses 2,152,969 550,265
Net Interest Income After Provision for Credit Losses 41,693,369 38,156,896
Non-interest Income    
Service charges on deposit accounts 1,265,712 1,238,661
Card fee income 1,316,702 1,236,692
Loan and lease servicing fees, including mortgage servicing right impairment 680,807 463,337
Net loss on securities (includes $(156,040) and $(50,698), respectively, related to accumulated other comprehensive loss reclassifications) (156,040) (50,698)
Net gains on loan and lease sales 409,369 554,546
Other income 1,545,856 1,315,614
Total non-interest income 5,062,406 4,758,152
Non-interest Expenses    
Salaries and employee benefits 18,543,844 18,348,049
Net occupancy expenses 1,455,560 1,354,982
Equipment expenses 1,000,925 926,548
Data processing fees 3,789,236 3,615,221
Deposit insurance expense 1,194,000 1,530,500
Printing and office supplies 181,829 170,282
Legal and professional fees 1,839,738 1,822,092
Advertising expense 432,761 377,787
Bank service charges 150,566 230,410
Real estate owned expense 25,271 22,653
Other expenses 4,489,017 3,652,828
Total non-interest expenses 33,102,747 32,051,352
Income Before Income Tax Expense 13,653,028 10,863,696
Provision for income taxes (includes $(32,769) and $(10,647), respectively, related to income tax expense from reclassification of items) 2,076,261 1,486,348
Net Income $ 11,576,767 $ 9,377,348
Earnings Per Share    
Basic (in USD per share) $ 1.20 $ 0.93
Diluted (in USD per share) $ 1.17 $ 0.92