v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and Dividend Income        
Loans, including fees $ 28,395,966 $ 28,431,357 $ 56,071,287 $ 56,361,313
Debt securities-taxable 831,964 1,069,861 1,670,009 2,044,816
Debt securities-tax-exempt 108,797 116,190 222,854 226,155
Dividends on restricted stock 151,011 148,453 297,701 308,437
Interest-bearing time deposits 666,464 1,093,217 1,355,550 2,683,867
Total interest and dividend income 30,154,202 30,859,078 59,617,401 61,624,588
Interest expense        
Deposits 8,031,786 9,717,906 16,347,256 20,011,375
Short-term borrowings 40,407 43,617 87,564 74,612
Long-term debt 566,785 1,038,550 1,189,659 2,139,822
Total interest expense 8,638,978 10,800,073 17,624,479 22,225,809
Net interest income 21,515,224 20,059,005 41,992,922 39,398,779
Provision for credit losses 399,289 521,259
Net interest income after provision for credit losses 21,115,935 20,059,005 41,471,663 39,398,779
Noninterest Income        
Customer service fees 774,323 674,494 1,555,807 1,329,317
Net gains on sales of premises and equipment 30,000 32,440 30,000 4,459
Net gains on sales of foreclosed assets 106,553 3,550
ATM fees 977,177 891,704 1,831,638 1,690,449
Increase in bank owned life insurance 314,906 335,519 626,549 643,531
Other 553,910 289,869 1,091,073 995,391
Total noninterest income 2,650,316 2,224,026 5,241,620 4,666,697
Noninterest Expense        
Salaries and employee benefits 5,682,974 5,657,365 11,399,103 11,282,996
Occupancy 855,825 916,041 1,698,721 1,790,889
Data processing 1,099,459 1,151,315 2,200,517 2,358,359
Deposit insurance premiums 202,337 245,494 444,356 470,988
Professional fees 440,410 285,841 649,357 480,941
Depreciation and amortization 941,554 802,639 1,874,713 1,751,007
Loss on retirement of debt 603,303
Other 1,649,959 1,666,726 3,089,033 3,171,028
Total noninterest expense 10,872,518 10,725,421 21,959,103 21,306,208
Income before income taxes 12,893,733 11,557,610 24,754,180 22,759,268
Provision for income taxes 2,678,067 2,658,018 5,004,076 5,168,070
Net Income $ 10,215,666 $ 8,899,592 $ 19,750,104 $ 17,591,198
Earnings per share:        
Basic (in Dollars per share) $ 0.75 $ 0.73 $ 1.44 $ 1.44
Diluted (in Dollars per share) $ 0.74 $ 0.73 $ 1.44 $ 1.44