v3.26.1
Securities (Tables)
 3 Months Ended
Mar. 31, 2026
Securities [Abstract]  
Schedule of Amortized Cost and Approximate Fair Values, together with Gross Unrealized Gains and Losses, of Securities

The amortized cost and approximate fair values, together with gross unrealized gains and losses, of securities are as follows:

 

   March 31, 2026 
       Gross   Gross     
   Amortized   unrealized   unrealized   Fair 
   cost   gains   losses   Value 
Available-for-sale securities:                
U.S. Government and federal agency  $14,959,400   $
-
   $(10,700)  $14,948,700 
U.S. Government-sponsored enterprises (GSEs)   3,630    
-
    
-
    
-
 
Mortgage-backed:             (11)   3,619 
GSE residential   12,532,151    9,482    (612,689)   11,928,944 
State and political subdivisions   15,703,257    393    (409,451)   15,294,199 
   $43,198,438   $9,875   $(1,032,851)  $42,175,462 

 

   December 31, 2025 
       Gross   Gross     
   Amortized   unrealized   unrealized   Fair 
   cost   gains   losses   value 
Available-for-sale securities:                
U.S. Government and federal agency  $14,830,375   $
-
   $
-
   $14,830,375 
U.S. Government-sponsored enterprises (GSEs)   5,395    
-
    
-
    5,395 
Mortgage-backed:                    
GSE residential   13,295,371    44,013    (552,361)   12,787,023 
State and political subdivisions   15,780,242    13,988    (280,351)   15,513,879 
   $43,911,383   $58,001   $(832,712)  $43,136,672 
   March 31, 2026 
       Gross   Gross     
   Amortized   unrealized   unrealized   Fair 
   cost   gains   losses   Value 
Held-to-maturity securities:                
U.S. Government and federal agency  $42,598,382   $
-
   $(704,582)  $41,893,800 
U.S. Government-sponsored enterprises (GSEs)   13,363,836    
-
    
-
    
-
 
Mortgage-backed:             (302,633)   13,361,203 
GSE residential   36,216,636    29,320    (2,306,773)   33,939,183 
State and political subdivisions   3,908,088    2,728    (214,975)   3,695,841 
   $96,386,942   $32,048   $(3,528,963)  $92,890,027 

 

   December 31, 2025 
       Gross   Gross     
   Amortized   unrealized   unrealized   Fair 
   cost   gains   losses   value 
Held-to-maturity securities:                
U.S. Government and federal agency  $42,681,410   $2,286   $(805,096)  $41,878,600 
U.S. Government-sponsored enterprises (GSEs)   13,599,444    
-
    (290,909)   13,308,535 
Mortgage-backed:                    
GSE residential   37,534,375    175,285    (2,185,363)   35,524,297 
State and political subdivisions   3,912,892    12,509    (180,955)   3,744,446 
   $97,728,121   $190,080   $(3,462,323)  $94,455,878 
Schedule of Amortized Cost and Fair value of Available-for-Sale Securities and Held-to-Maturity Securities Therefore, these securities are not included in the maturity categories in the following summary.
   Available for sale   Held to maturity 
   Amortized   Fair   Amortized   Fair 
   Cost   Value   Cost   Value 
Within one year  $18,242,532   $18,228,641   $48,044,075   $47,438,249 
One to five years   6,406,367    6,295,105    10,648,267    10,094,593 
Five to ten years   4,070,995    3,881,813    98,521    98,853 
After ten years   1,946,393    1,841,259    1,379,443    1,319,149 
Mortgage-backed securities   12,532,151    11,928,944    36,216,636    33,939,183 
Totals  $43,198,438   $42,175,462   $96,386,942   $92,890,027 
Schedule of Investments Gross Unrealized Losses and Fair Value

The following tables show the Company’s investments’ gross unrealized losses and fair value of the Company’s investments with unrealized losses aggregated by investment class and length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2026 and December 31, 2025.

 

   March 31, 2026 
   Less than 12 months   12 months or more   Total 
   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   Value   Loss   Value   Loss   Value   loss 
Available-for-sale Securities                        
U.S. Government and federal agency  $14,948,700   $(10,700)  $
-
   $
-
   $14,948,700   $(10,700)
U.S. Government-sponsored enterprises (GSEs)   3,619    (11)   
-
    
-
    3,619    (11)
Mortgage-backed:                              
GSE residential   3,650,515    (39,446)   7,267,675    (573,243)   10,918,190    (612,689)
State and political subdivisions   4,378,222    (121,781)   9,860,581    (287,670)   14,238,806    (409,451)
Total  $22,981,056   $(171,938)  $17,128,259   $(860,913)  $40,109,315   $(1,032,851)

 

   December 31, 2025 
   Less than 12 months   12 months or more   Total 
   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   Value   Loss   Value   Loss   Value   Loss 
Available-for-sale Securities                        
U.S. Government and federal agency  $
-
   $
-
   $
-
   $
-
   $
-
   $
-
 
U.S. Government sponsored enterprises (GSEs)   
-
    
-
    
-
    
-
    
-
    
-
 
Mortgage-backed:                              
GSE residential   1,495,320    (7,133)   7,504,304    (545,228)   8,999,624    (552,361)
State and political subdivisions   1,475,852    (9,631)   12,056,009    (270,720)   13,531,861    (280,351)
Total  $2,971,172   $(16,764)  $19,560,313   $(815,948)  $22,531,485   $(832,712)