v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Operating Activities      
Net income $ 418,143 $ 401,545  
Adjustments to reconcile net income to net cash from operating activities:      
Depreciation and amortization 60,077 54,064  
(Accretion) amortization of premiums and discounts (18,752) 70,780  
Accretion of deferred loan origination fees, net (10,687) (11,160)  
Amortization of mortgage servicing rights 10,512 9,933  
Deferred income taxes 113,169 167,512  
Provision for credit losses 72,800 0 $ 41,389
Gain on sale of loans (21,197) (36,418)  
Proceeds from sale of loans 1,052,225 1,689,178  
Origination of loans held for sale (1,198,820) (1,845,119)  
Increase in cash surrender value of life insurance (18,175) (17,258)  
Release of ESOP shares 12,449    
Changes in:      
Accrued interest receivable (41,210) 106,131  
Other assets 97,791 43,437  
Accrued expenses and other liabilities (1,137,448) (281,527)  
Net cash (used in) provided by operating activities (609,123) 351,098  
Investing Activities      
Proceeds from maturities of held-to-maturity securities   490,000  
Proceeds from paydowns of mortgage-backed securities 1,163,233 577,122  
Purchase of available-for-sale securities (500,000)    
Proceeds from calls and maturities of available-for-sale securities   910,000  
Net change in loans (10,271,250) 2,593,964  
Purchase of premises and equipment (95,741) (18,639)  
Net cash (used in) provided by investing activities (9,703,758) 4,552,447  
Financing Activities      
Net (decrease) increase in deposit accounts (4,408,691) 1,921,859  
Net change in advances by borrowers for taxes and insurance 252,482 280,801  
Net cash (used in) provided by financing activities (4,156,209) 2,202,660  
(Decrease) Increase in Cash and Cash Equivalents (14,469,090) 7,106,205  
Cash and Cash Equivalents, Beginning of Period 50,378,538 43,540,304 43,540,304
Cash and Cash Equivalents, End of Period 35,909,448 50,646,509 $ 50,378,538
Supplemental Disclosure of Cash Flow Information      
Interest on deposits and borrowings $ 865,471 569,921  
Supplemental Disclosure of Noncash Investing Activities      
Transfers from loans to real estate acquired through foreclosure   $ 4,500