v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE MEASUREMENTS  
Schedule of assets measured at fair value on a recurring basis and the level within the fair value hierarchy in which the fair value measurements fall

June 30, 2026

Fair Value Measurements Using

Quoted

Prices

in Active

Significant

Markets for

Other

Significant 

Identical

Observable 

Unobservable

Assets

Inputs

 Inputs

Category

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Available-for-Sale Securities

 

  ​

 

  ​

 

  ​

 

  ​

U.S. government agencies

$

1,424,337

$

$

1,424,337

$

Mortgage-backed securities (including CMOs)

 

1,140,422

 

 

1,140,422

 

Municipal securities

 

2,834,644

 

 

2,834,644

 

Total Available-for-Sale Securities

$

5,399,403

$

$

5,399,403

$

Total Fair Value Measurements

$

5,399,403

$

$

5,399,403

$

December 31, 2025

Fair Value Measurements Using

Quoted

Prices

in Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

Assets

Inputs

Inputs

Category

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Available-for-Sale Securities

 

  ​

 

  ​

 

  ​

 

  ​

U.S. government agencies

$

1,437,836

$

$

1,437,836

$

Mortgage-backed securities (including CMOs)

 

1,264,820

 

 

1,264,820

 

Municipal securities

 

2,836,036

 

 

2,836,036

 

Total Available-for-Sale Securities

$

5,538,692

$

$

5,538,692

$

Total Fair Value Measurements

$

5,538,692

$

$

5,538,692

$

Schedule of the carrying value and estimated fair value of the Bank's financial instruments and the level within the fair value hierarchy in which the fair value measurements fall

June 30, 2026

  ​ ​ ​

Carrying

  ​ ​ ​

Estimated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Category

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

15,776,837

$

15,776,837

$

15,776,837

$

$

Available-for-sale debt securities

 

5,399,403

 

5,399,403

 

 

5,399,403

 

Loans

 

91,869,411

 

91,317,000

 

 

 

91,317,000

Accrued interest receivable

 

480,000

 

480,000

 

480,000

 

 

Federal Home Loan Bank stock

 

599,500

 

599,500

 

 

 

599,500

Cash surrender value of bank owned life insurance

 

3,101,855

 

3,101,855

 

 

 

3,101,855

Mortgage servicing rights

43,476

124,692

124,692

Financial liabilities

 

 

 

  ​

 

  ​

 

  ​

Deposits

$

94,404,006

$

87,865,000

$

$

$

87,865,000

Advances from the FHLB

 

7,400,000

 

7,394,171

 

 

7,394,171

 

Advances by borrowers for taxes and insurance

 

579,030

 

579,030

 

 

579,030

 

Federal funds purchased

 

 

 

 

 

Accrued interest payable

 

94,365

 

94,365

 

94,365

 

 

December 31, 2025

  ​ ​ ​

Carrying

  ​ ​ ​

Estimated

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Category

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

Financial assets

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

6,428,668

$

6,428,668

$

6,428,668

$

$

Available-for-sale debt securities

 

5,538,692

 

5,538,692

 

 

5,538,692

 

Loans

 

92,555,694

 

93,851,000

 

 

 

93,851,000

Accrued interest receivable

 

424,559

 

424,559

 

424,559

 

 

Federal Home Loan Bank stock

 

599,500

 

599,500

 

 

 

599,500

Cash surrender value of bank owned life insurance

 

3,067,607

 

3,067,607

 

 

 

3,067,607

Mortgage servicing rights

49,498

141,964

 

141,964

Financial liabilities

 

  ​

 

 

  ​

 

  ​

 

  ​

Deposits

$

82,154,201

$

78,365,000

$

$

$

78,365,000

Advances from the FHLB

 

10,600,000

 

10,659,337

 

 

10,659,337

 

Advances by borrowers for taxes and insurance

 

582,076

 

582,076

 

 

582,076

 

Federal funds purchased

 

33,000

 

33,000

 

 

33,000

 

Accrued interest payable

 

42,629

 

42,629

 

42,629

 

 

7.