v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash on hand $ 4,570,868 $ 2,300,984
Due from banks 30,774,580 47,224,554
Federal funds sold 564,000 853,000
Cash and cash equivalents 35,909,448 50,378,538
Available-for-sale securities 75,508,129 76,699,904
Loans held for sale 160,000 0
Loans receivable 129,134,855 118,850,710
Allowance for credit losses (1,121,001) (1,034,193)
Loans, net 128,013,854 117,816,517
Federal Home Loan Bank stock 1,575,000 1,575,000
Premises and equipment, net 3,176,931 3,141,267
Accrued interest receivable 793,171 751,961
Mortgage servicing rights, net 324,044 326,764
Deferred tax assets, net 2,178,279 2,208,560
Bank owned life insurance 2,326,500 2,308,325
Other assets 1,369,067 1,312,424
Total assets 251,334,423 256,519,260
Liabilities    
Demand 121,054,831 126,505,380
Savings 27,080,723 25,716,594
Time 43,961,238 44,283,509
Total deposits 192,096,792 196,505,483
Advances from the Federal Home Loan Bank 35,000,000 35,000,000
Advances from borrowers for taxes and insurance 652,184 399,702
Accrued expenses and other liabilities 746,913 1,998,190
Total liabilities 228,495,889 233,903,375
Shareholders' Equity    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 10,000,000 shares authorized, 889,781 shares issued 8,898 8,898
Additional paid-in capital 7,351,292 7,346,633
Unallocated common stock of ESOP (583,917) (591,707)
Retained earnings 19,389,200 18,971,057
Accumulated other comprehensive loss (3,326,939) (3,118,996)
Total shareholders' equity 22,838,534 22,615,885
Total liabilities and shareholders' equity $ 251,334,423 $ 256,519,260