v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net cash flows used in operating activities $ (713,025) $ (1,297,818)
Cash flows from investing activities:    
Maturities of time deposits with other financial institutions 500,000 0
Proceeds from maturities and paydowns of securities available for sale 486,683 1,092,364
Proceeds from maturities and paydowns of securities held to maturity 5,750,000 750,000
Redemption (purchase) of FHLB stock 56,388 (596,248)
Net decrease/(increase) in loans (2,867,376) (9,988,437)
Proceeds from sale of loans 6,319,887 0
Purchase of office properties and equipment (22,096) (52,122)
Net cash flows provided by (used in) investing activities 10,223,486 (8,794,443)
Cash flows from financing activities:    
Net change in deposits 7,613,234 (9,373,677)
Net change in advance payments by borrowers for taxes and insurance 828,896 943,027
Net increase/(decrease) from FHLB short-term advances activity (1,306,000) (2,932,000)
Proceeds from FHLB long-term advances 6,354,729 34,000,000
Maturities and paydowns of FHLB long-term advances (20,000,000) (11,000,000)
Proceeds from issuance of common stock, net of costs 2,407,963 0
Net cash flows provided by (used in) financing activities (4,101,178) 11,637,350
Net change in cash and cash equivalents 5,409,283 1,545,089
Cash and cash equivalents at beginning of period 1,272,620 1,188,634
Cash and cash equivalents at end of period 6,681,903 2,733,723
Supplemental cash flow information:    
Cash paid during the period for: Interest 2,997,625 3,336,430
Cash paid during the period for: Taxes $ 0 $ 0