v3.26.1
CONDENSED STATEMENTS OF INCOME - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Loans, including fees $ 1,403,639 $ 1,100,531
Investment securities 48,582 45,270
Interest-bearing deposits and other 66,429 46,269
Total interest income 1,518,650 1,192,070
Interest expense    
Deposits 494,548 433,600
Borrowings 109,035 35,664
Total interest expense 603,583 469,264
Net interest income 915,067 722,806
Provision for (recovery of) credit losses 0 0
Net interest income after provision 915,067 722,806
Noninterest income    
Service fees on deposits 6,707 7,035
Loan servicing fees 7,979 6,991
Increase in cash surrender value of BOLI 16,857 16,509
Other income 7,394 8,322
Total noninterest income 38,937 38,857
Noninterest expense    
Salaries and employee benefits 537,664 409,681
Directors fees 41,603 38,603
Occupancy and equipment 44,021 31,801
Data processing fees 70,248 91,230
Franchise taxes 25,351 27,000
FDIC insurance premiums 12,036 9,661
Professional services 16,217 16,056
Advertising 4,788 4,788
Other 102,900 74,363
Total noninterest expense 854,828 703,183
Income before income taxes 99,176 58,480
Provision for income taxes 12,445 1,350
Net income $ 86,731 $ 57,130