v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 964,642 $ 1,272,620
Time deposits with other financial institutions 4,500,199 4,499,912
Debt securities available for sale (amortized cost of $24,694,657 and $24,917,350 as of March 31, 2026 and December 31, 2025, respectively) 21,982,711 22,289,409
Debt securities held to maturity (fair value of $33,988,637 and $36,749,812 as of March 31, 2026 and December 31, 2025, respectively) 33,945,648 36,431,757
Loans, net of allowance of $1,166,431 and $1,142,629 as of March 31, 2026 and December 31, 2025, respectively 184,964,182 189,415,521
Land held for sale 435,328 435,328
Office properties and equipment, net 2,316,203 2,357,973
Federal Home Loan Bank stock 2,759,245 2,759,245
Cash value of life insurance 8,024,695 7,956,118
Deferred tax asset, net of allowance of $3,390,991 and $3,297,641 as of March 31, 2026 and December 31, 2025, respectively 1,803,430 1,844,846
Accrued interest receivable and other assets 1,530,628 1,706,597
TOTAL ASSETS 263,226,911 270,969,326
Deposits:    
Non-interest bearing 7,597,399 7,696,247
Interest bearing 211,404,438 209,554,301
Total deposits 219,001,837 217,250,548
Borrowed funds 29,257,820 38,368,820
Advance payments by borrowers for taxes and insurance 635,165 479,924
Accrued interest payable and other liabilities 1,358,206 1,652,108
Total liabilities 250,253,028 257,751,400
Equity:    
Common stock ($0.01 par value, 4,000,000 shares authorized, 752,538 issued and outstanding as of March 31, 2026 and December 31, 2025) 7,525 7,525
Additional paid-in capital 5,470,718 5,471,260
Retained earnings 12,957,426 13,322,206
Unallocated common shares held by Employee Stock Ownership Plan (ESOP) (467,517) (474,102)
Accumulated other comprehensive income (loss) (4,994,269) (5,108,963)
Total stockholders' equity 12,973,883 13,217,926
TOTAL LIABILITIES AND EQUITY $ 263,226,911 $ 270,969,326