v3.26.1
CONDENSED STATEMENTS OF INCOME - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Loans, including fees $ 1,419,308 $ 1,354,250 $ 2,822,947 $ 2,454,780
Investment securities 48,520 48,719 97,102 93,990
Interest-bearing deposits and other 56,284 49,910 122,712 96,179
Total interest income 1,524,112 1,452,879 3,042,761 2,644,949
Interest expense        
Deposits 505,097 472,623 999,645 906,223
Borrowings 81,457 99,475 190,492 135,139
Total interest expense 586,554 572,098 1,190,137 1,041,362
Net interest income 937,558 880,781 1,852,624 1,603,587
Provision for (recovery of) credit losses 0 12,940 0 12,940
Net interest income after provision 937,558 867,841 1,852,624 1,590,647
Noninterest income        
Service fees on deposits 7,843 7,033 14,550 14,069
Loan servicing fees 8,559 7,384 16,538 14,375
Increase in cash surrender value of BOLI 17,391 16,961 34,248 33,469
Gain on sale of loans   5,033   5,033
Other income 2,896 9,756 10,290 18,078
Total noninterest income 36,689 46,167 75,626 85,024
Noninterest expense        
Salaries and employee benefits 467,897 427,664 1,005,561 837,346
Directors fees 41,602 38,603 83,205 77,205
Occupancy and equipment 42,146 29,753 86,167 61,554
Data processing fees 58,736 83,967 128,984 175,197
Franchise taxes 25,351 25,901 50,702 52,901
FDIC insurance premiums 12,036 10,063 24,072 19,724
Professional services 16,507 16,056 32,723 32,112
Advertising 4,788 4,788 9,576 9,576
Other 102,408 83,671 205,308 158,034
Total noninterest expense 771,471 720,466 1,626,298 1,423,649
Income before income taxes 202,776 193,542 301,952 252,022
Provision for income taxes 33,622 31,560 46,067 32,910
Net income $ 169,154 $ 161,982 $ 255,885 $ 219,112