v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest and Dividend Income    
Loans, including fees $ 27,675,321 $ 27,929,956
Debt securities-taxable 838,045 974,955
Debt securities-tax-exempt 114,057 109,965
Dividends on restricted stock 146,690 159,984
Interest-bearing deposits in banks 689,086 1,590,650
Total interest and dividend income 29,463,199 30,765,510
Interest expense    
Deposits 8,315,470 10,293,469
Short-term borrowings 47,157 30,995
Long-term debt 622,874 1,101,272
Total interest expense 8,985,501 11,425,736
Net interest income 20,477,698 19,339,774
Provision for credit losses 121,970
Net interest income after provision for credit losses 20,355,728 19,339,774
Noninterest Income    
Customer service fees 781,484 654,823
Net losses on sales of premises and equipment (27,981)
Net gains on sales of foreclosed assets 106,553 3,550
ATM fees 854,461 798,745
Increase in bank owned life insurance 311,643 308,012
Other 537,163 705,522
Total noninterest income 2,591,304 2,442,671
Noninterest Expense    
Salaries and employee benefits 5,716,129 5,625,631
Occupancy 842,896 874,848
Data processing 1,101,058 1,207,044
Deposit insurance premiums 242,019 225,494
Professional fees 208,947 195,100
Depreciation and amortization 933,159 948,368
Loss on retirement of debt 603,303
Other 1,439,074 1,504,302
Total noninterest expense 11,086,585 10,580,787
Income before income taxes 11,860,447 11,201,658
Provision for income taxes 2,326,009 2,510,052
Net Income $ 9,534,438 $ 8,691,606
Earnings per share:    
Basic (in Dollars per share) $ 0.70 $ 0.72
Diluted (in Dollars per share) $ 0.70 $ 0.72