v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 21,877,990 $ 26,393,695
Federal funds sold 16,784,265 25,328,744
Interest-bearing deposits in banks 129,732,339 92,596,490
Cash and cash equivalents 168,394,594 144,318,929
Available-for-sale securities, at fair value 42,175,462 43,136,672
Held-to-maturity securities, at amortized cost 96,386,942 97,728,121
Loans, net of allowance for credit losses of $18,328,757 and $18,096,173 on March 31, 2026 and December 31, 2025, respectively 1,873,845,370 1,855,437,066
Premises and equipment, net 49,444,739 49,765,202
Restricted stock, at cost 10,239,300 11,375,500
Foreclosed assets held for sale, net 575,497 253,000
Interest receivable 7,637,827 7,451,045
Bank owned life insurance 46,469,498 46,647,762
Core deposits and other intangibles 3,881,041 4,256,382
Goodwill 8,510,852 8,510,852
Deferred tax asset 1,055,908 1,002,784
Other 20,171,847 21,571,666
Total assets 2,328,788,877 2,291,454,981
Liabilities    
Demand 973,677,694 913,985,722
Savings, NOW and money market 415,131,859 414,715,894
Time 503,407,575 487,032,489
Total deposits 1,892,217,128 1,815,734,105
Short-term borrowings 45,067,842 88,251,290
Long-term debt 73,180,526 78,587,361
Interest payable 2,644,295 2,961,874
Other liabilities 22,161,343 20,576,519
Total liabilities 2,035,271,134 2,006,111,149
Shareholders’ equity    
Common stock $0.01 par value per share; 50,000,000 shares authorized; 13,697,987 shares issued and outstanding at both March 31, 2026 and December 31, 2025 136,980 136,980
Additional paid-in capital 38,536,072 38,376,658
Retained earnings 255,669,735 247,505,096
Accumulated other comprehensive loss (825,044) (674,902)
Total shareholders’ equity 293,517,743 285,343,832
Total liabilities and shareholders’ equity $ 2,328,788,877 $ 2,291,454,981