v3.26.1
Consolidated Statements of Operations - 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 $ 2,343,082 $ 2,445,883 $ 4,692,867 $ 4,733,362
Securities:        
Taxable 227,050 248,610 461,362 504,647
Tax-exempt 9,385 9,391 18,778 18,789
Other 84,661 55,979 172,096 106,794
Total interest and dividend income 2,664,178 2,759,863 5,345,103 5,363,592
Interest expense:        
Deposits 1,173,429 1,266,512 2,337,987 2,645,609
Borrowed funds 263,931 365,223 603,156 627,554
Total interest expense 1,437,360 1,631,735 2,941,143 3,273,163
Net interest and dividend income 1,226,818 1,128,128 2,403,960 2,090,429
Provision for credit losses 49,301 15,373 102,194 125,663
Net interest income after provision for credit losses 1,177,517 1,112,755 2,301,766 1,964,766
Noninterest income:        
Service charges on deposit accounts 18,652 19,929 32,594 34,511
Interchange income 53,946 60,169 104,640 116,523
Mortgage banking income 51,927 69,641 98,888 108,949
Gain on sale of mortgage loans 102,195 57,311 260,930 115,170
Increase in cash value of life insurance 69,898 63,501 138,474 125,726
Gain on interest rate swap 5,864 0 14,472 0
Other 97,851 89,395 172,567 179,409
Total noninterest income 400,333 359,946 822,565 680,288
Noninterest expense:        
Salaries and related benefits 1,027,550 1,083,914 2,072,000 2,190,483
Occupancy expense 138,868 152,910 304,685 320,884
Data processing 267,358 348,129 525,869 622,467
Advertising 29,125 32,066 51,439 60,048
FDIC insurance premiums 140,232 73,910 240,127 130,536
Other 289,241 206,462 609,515 541,498
Total noninterest expense 1,892,374 1,897,391 3,803,635 3,865,916
Income (loss) before provision for (benefit from) income taxes (314,524) (424,690) (679,304) (1,220,862)
Provision for (benefit from) income taxes 0 (146,030) 0 (373,561)
Net income (loss) $ (314,524) $ (278,660) $ (679,304) $ (847,301)
Basic earnings per share (in dollars per share) $ (0.44) $ (0.4) $ (0.96) $ (1.21)
Diluted earnings per share (in dollars per share) $ (0.44) $ (0.4) $ (0.96) $ (1.21)
Weighted average shares outstanding, Basic (in shares) 711,867 703,482 708,678 703,152
Weighted average shares outstanding, Diluted (in shares) 711,867 703,482 708,678 703,152