v3.26.1
Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and dividend income:    
Loans, including fees $ 2,349,785 $ 2,287,479
Securities:    
Taxable 234,312 256,037
Tax-exempt 9,393 9,398
Other 87,435 50,815
Total interest and dividend income 2,680,925 2,603,729
Interest expense:    
Deposits 1,164,558 1,379,097
Borrowed funds 339,225 262,331
Total interest expense 1,503,783 1,641,428
Net interest and dividend income 1,177,142 962,301
Provision for credit losses 52,893 110,290
Net interest income after provision for credit losses 1,124,249 852,011
Noninterest income:    
Service charges on deposit accounts 13,942 14,582
Interchange income 50,694 56,354
Mortgage banking income 46,961 39,308
Gain on sale of mortgage loans 158,735 57,859
Increase in cash value of life insurance 68,576 62,225
Gain on interest rate swap 8,608 0
Other 74,716 90,014
Total noninterest income 422,232 320,342
Noninterest expense:    
Salaries and related benefits 1,044,450 1,106,569
Occupancy expense 165,817 167,974
Data processing 258,511 274,338
Advertising 22,314 27,982
FDIC insurance premiums 99,895 56,626
Other 320,274 335,036
Total noninterest expense 1,911,261 1,968,525
Income (loss) before provision for (benefit from) income taxes (364,780) (796,172)
Provision for (benefit from) income taxes 0 (227,531)
Net income (loss) $ (364,780) $ (568,641)
Basic earnings per share (in dollars per share) $ (0.52) $ (0.81)
Diluted earnings per share (in dollars per share) $ (0.52) $ (0.81)
Weighted average shares outstanding, Basic (in shares) 705,457 702,823
Weighted average shares outstanding, Diluted (in shares) 705,457 702,823