v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and due from banks $ 22,313,240 $ 26,393,695
Federal funds sold 8,787,117 25,328,744
Interest-bearing deposits in banks 139,013,949 92,596,490
Cash and cash equivalents 170,114,306 144,318,929
Available-for-sale securities 38,553,064 43,136,672
Held-to-maturity securities 94,342,911 97,728,121
Loans, net of allowance for credit losses of $18,722,469 and$18,096,173 on June 30, 2026 and December 31, 2025, respectively 1,921,813,487 1,855,437,066
Premises and equipment, net 50,144,628 49,765,202
Restricted stock, at cost 12,528,400 11,375,500
Foreclosed assets held for sale, net 755,497 253,000
Interest receivable 7,128,855 7,451,045
Bank owned life insurance 46,618,666 46,647,762
Core deposits and other intangibles 3,501,530 4,256,382
Goodwill 8,510,852 8,510,852
Deferred tax asset 1,076,181 1,002,784
Other 21,495,914 21,571,666
Total assets 2,376,584,291 2,291,454,981
Liabilities    
Demand 942,633,089 913,985,722
Savings, NOW and money market 413,904,250 414,715,894
Time 516,634,975 487,032,489
Total deposits 1,873,172,314 1,815,734,105
Short-term borrowings 102,569,888 88,251,290
Long-term debt 73,247,223 78,587,361
Interest payable 2,575,110 2,961,874
Other liabilities 22,401,223 20,576,519
Total liabilities 2,073,965,758 2,006,111,149
Shareholders’ equity    
Common stock $0.01 par value; 50,000,000 shares authorized; 13,701,270 shares issued and outstanding on June 30, 2026; 13,697,987 on December 31, 2025 137,013 136,980
Additional paid-in capital 38,683,769 38,376,658
Retained earnings 264,515,272 247,505,096
Accumulated other comprehensive loss (717,521) (674,902)
Total shareholders’ equity 302,618,533 285,343,832
Total liabilities and shareholders’ equity $ 2,376,584,291 $ 2,291,454,981