v3.26.1
Premises and Equipment
 6 Months Ended
Jun. 30, 2026
Premises and Equipment [Abstract]  
Premises and Equipment

Note 4. Premises and Equipment

 

   June 30,   December 31, 
   2026   2025 
Land and land improvements  $17,199,368   $17,199,368 
Buildings and improvements   48,600,854    48,312,176 
Furniture, fixtures and equipment   13,486,287    13,285,338 
Construction in progress   1,257,131    416,217 
    80,543,640    79,213,099 
Less: Accumulated depreciation   (30,399,012)   (29,447,897)
Total  $50,144,628   $49,765,202 

 

Depreciation expense, included in depreciation and amortization on the consolidated statements of income, for the six months ended June 30, 2026, and 2025 amounted to $ 1,119,861 and $960,810, respectively.

 

Construction in progress includes capital expenditures for branch renovations and construction of a new branch. Branch renovations are substantially complete and estimated costs to complete are insignificant. Estimated additional costs to complete the new branch are approximately $2,387,000 on June 30, 2026.