v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net cash flows used in operating activities $ (487,052) $ (853,108)
Cash flows from investing activities:    
Proceeds from maturities and paydowns of securities available for sale 230,894 283,428
Proceeds from maturities and paydowns of securities held to maturity 2,750,000 0
Purchase of FHLB stock 0 (23,811)
Net decrease/(increase) in loans (1,917,237) (3,562,678)
Proceeds from sale of loans 6,319,887 0
Purchase of office properties and equipment 0 (46,243)
Net cash flows provided by (used in) investing activities 7,383,544 (3,349,304)
Cash flows from financing activities:    
Net change in deposits 1,751,289 126,614
Net change in advance payments by borrowers for taxes and insurance 155,241 377,631
Net increase/(decrease) from FHLB short-term advances activity (611,000) 4,135,000
Proceeds from FHLB long-term advances 0 8,000,000
Maturities and paydowns of FHLB long-term advances (8,500,000) (8,500,000)
Net cash flows provided by (used in) financing activities (7,204,470) 4,139,245
Net change in cash and cash equivalents (307,978) (63,167)
Cash and cash equivalents at beginning of period 1,272,620 1,188,634
Cash and cash equivalents at end of period 964,642 1,125,467
Supplemental cash flow information:    
Cash paid during the period for: Interest 1,477,724 1,703,995
Cash paid during the period for: Taxes $ 0 $ 0