v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2026
FAIR VALUE MEASUREMENTS  
Schedule of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall

March 31, 2026

Fair Value Measurements Using

Quoted

Prices

in Active

Significant

Markets for

Other

Significant 

Identical

Observable 

Unobservable

Assets

Inputs

 Inputs

Category

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Available-for-Sale Securities

 

  ​

 

  ​

 

  ​

 

  ​

U.S. government agencies

$

1,428,897

$

$

1,428,897

$

Mortgage-backed securities (including CMOs)

 

1,205,910

 

 

1,205,910

 

Municipal securities

 

2,834,451

 

 

2,834,451

 

Total Available-for-Sale Securities

$

5,469,258

$

$

5,469,258

$

Total Fair Value Measurements

$

5,469,258

$

$

5,469,258

$

December 31, 2025

Fair Value Measurements Using

Quoted

Prices

in Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

Assets

Inputs

Inputs

Category

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Available-for-Sale Securities

 

  ​

 

  ​

 

  ​

 

  ​

U.S. government agencies

$

1,437,836

$

$

1,437,836

$

Mortgage-backed securities (including CMOs)

 

1,264,820

 

 

1,264,820

 

Municipal securities

 

2,836,036

 

 

2,836,036

 

Total Available-for-Sale Securities

$

5,538,692

$

$

5,538,692

$

Total Fair Value Measurements

$

5,538,692

$

$

5,538,692

$

Schedule of the carrying value and estimated fair value of the Bank's financial instruments and the level within the fair value hierarchy in which the fair value measurements fall

March 31, 2026

  ​ ​ ​

Carrying

  ​ ​ ​

Estimated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Category

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

7,992,250

$

7,992,250

$

7,992,250

$

$

Available-for-sale debt securities

 

5,469,258

 

5,469,258

 

 

5,469,258

 

Loans

 

91,576,207

 

93,530,000

 

 

 

93,530,000

Accrued interest receivable

 

443,592

 

443,592

 

443,592

 

 

Federal Home Loan Bank stock

 

599,500

 

599,500

 

 

 

599,500

Cash surrender value of bank owned life insurance

 

3,084,464

 

3,084,464

 

 

 

3,084,464

Mortgage servicing rights

41,295

118,437

118,437

Financial liabilities

 

  ​

 

 

  ​

 

  ​

 

  ​

Deposits

$

83,142,278

$

78,409,000

$

$

$

78,409,000

Advances from the FHLB

 

10,600,000

 

10,626,136

 

 

10,626,136

 

Advances by borrowers for taxes and insurance

 

360,962

 

360,962

 

 

360,962

 

Federal funds purchased

 

 

 

 

 

Accrued interest payable

 

69,163

 

69,163

 

69,163

 

 

December 31, 2025

  ​ ​ ​

Carrying

  ​ ​ ​

Estimated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Category

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

6,428,668

$

6,428,668

$

6,428,668

$

$

Available-for-sale debt securities

 

5,538,692

 

5,538,692

 

 

5,538,692

 

Loans

 

92,555,694

 

93,851,000

 

 

 

93,851,000

Accrued interest receivable

 

424,559

 

424,559

 

424,559

 

 

Federal Home Loan Bank stock

 

599,500

 

599,500

 

 

 

599,500

Cash surrender value of bank owned life insurance

 

3,067,607

 

3,067,607

 

 

 

3,067,607

Mortgage servicing rights

49,498

141,964

 

141,964

Financial liabilities

 

  ​

 

 

  ​

 

  ​

 

  ​

Deposits

$

82,154,201

$

78,365,000

$

$

$

78,365,000

Advances from the FHLB

 

10,600,000

 

10,659,337

 

 

10,659,337

 

Advances by borrowers for taxes and insurance

 

582,076

 

582,076

 

 

582,076

 

Federal funds purchased

 

33,000

 

33,000

 

 

33,000

 

Accrued interest payable

 

42,629

 

42,629

 

42,629

 

 

7.