v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and due from banks $ 780,129 $ 360,992
Interest-bearing deposits 21,002,109 8,833,868
Cash and cash equivalents 21,782,238 9,194,860
Investment securities available for sale, net of allowance for credit losses of $0 at June 30, 2026 and December 31, 2025 (amortized cost of $8,794,555 and $9,095,188 at June 30, 2026 and December 31, 2025, respectively) 8,367,925 8,686,675
Investment securities held to maturity, net of allowance for credit losses of $0 at June 30, 2026 and December 31, 2025 (fair value of $1,377,371 and $1,488,818 at June 30, 2026 and December 31, 2025, respectively) 1,416,188 1,515,807
Loans, net of allowance for credit losses of $1,118,851 and $1,138,600 at June 30, 2026 and December 31, 2025, respectively 92,220,076 89,761,496
Premises and equipment, net 4,727,584 4,864,836
Other investments 739,890 728,559
Accrued interest receivable 411,118 359,568
Cash value of life insurance 2,276,540 2,232,345
Accrued income taxes receivable 46,405 46,405
Deferred tax asset 926,910 388,318
Prepaid conversion costs   2,002,360
Other assets 334,061 219,993
Total Assets 133,248,935 120,001,222
LIABILITIES    
Interest-bearing deposits 87,012,652 84,491,349
Noninterest-bearing deposits 7,683,700 8,183,958
Total deposits 94,696,352 92,675,307
Advance payments by borrowers for taxes and insurance 209,537 120,461
Federal Home Loan Bank advances 8,000,000 8,000,000
Accrued interest payable 56,742 56,633
Deferred compensation 280,754 308,622
Reserve for unfunded loan commitments 66,014 47,183
Other liabilities 702,629 319,578
Total Liabilities 104,012,028 101,527,784
SHAREHOLDERS' EQUITY    
Preferred stock, $0.01 par value, 500,000 shares authorized, none issued
Common stock, $0.01 par value, 5,000,000 shares authorized, 1,719,250 issued and outstanding at June 30, 2026 17,193  
Additional paid-in capital 13,535,550  
Unallocated common stock of ESOP (1,365,375)  
Retained earnings 17,245,044 18,655,595
Accumulated other comprehensive loss (195,505) (182,157)
Total Shareholders' Equity 29,236,907 18,473,438
Total Liabilities and Shareholders' Equity $ 133,248,935 $ 120,001,222