v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
6 Months Ended
Jun. 30, 2026
FAIR VALUE MEASUREMENTS  
Schedule of fair value of assets and liabilities measured at fair value on a recurring basis

  ​ ​ ​

Recurring Fair Value Measurements Using

  ​ ​ ​

  ​ ​ ​

Quoted Prices

in Active

Significant

Markets for

Other

Significant

Identical

Observable

Unobservable

 

Instruments

 

Inputs

Inputs 

  ​ ​ ​

(Level 1)

(Level 2)

  ​ ​ ​

(Level 3)

  ​ ​ ​

Total

June 30, 2026

 

  ​

 

  ​

 

  ​

 

  ​

Assets:

 

  ​

 

  ​

 

  ​

 

  ​

Investment securities available for sale

$

$

8,367,925

$

$

8,367,925

Other investments – mutual funds

 

307,890

 

 

 

307,890

Totals

$

307,890

$

8,367,925

$

$

8,675,815

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

Assets: Investment securities available for sale

$

$

8,686,675

$

$

8,686,675

Other investments – mutual funds

 

301,159

 

 

 

301,159

Totals

$

301,159

$

8,686,675

$

$

8,987,834

Schedule of carrying value and estimated fair value of financial instruments

Carrying

Estimated

Fair Value Hierarchy

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

June 30, 2026

Financial assets:

Cash and cash equivalents

$

21,782,238

$

21,782,238

$

21,782,238

$

$

Investment securities available for sale

 

8,367,925

 

8,367,925

 

 

8,367,925

 

Investment securities held to maturity

 

1,416,188

 

1,377,371

 

 

1,377,371

 

Loans, net

 

92,220,076

 

87,258,443

 

 

 

87,258,443

FHLB stock

 

432,000

 

432,000

 

 

432,000

 

Mutual funds

 

307,890

 

307,890

 

307,890

 

 

Accrued interest receivable

 

411,118

 

411,118

 

411,118

 

 

Cash value of life insurance

 

2,276,540

 

2,276,540

 

 

2,276,540

 

Total

$

127,213,975

$

122,213,525

$

22,501,246

$

12,453,836

$

87,258,443

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

$

94,696,352

$

94,611,351

$

55,574,909

$

$

39,036,442

Federal Home Loan Bank advances

 

8,000,000

 

8,006,000

 

 

8,006,000

 

Accrued interest payable

 

56,742

 

56,742

 

56,742

 

 

Total

$

102,753,094

$

102,674,093

$

55,631,651

$

8,006,000

$

39,036,442

Carrying

Estimated

Fair Value Hierarchy

  ​ ​ ​

Value

  ​ ​ ​

Fair Value

  ​ ​ ​

Level 1

  ​ ​ ​

Level 2

  ​ ​ ​

Level 3

December 31, 2025

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Financial assets:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Cash and cash equivalents

$

9,194,860

$

9,194,860

$

9,194,860

$

$

Investment securities available for sale

 

8,686,675

 

8,686,675

 

 

8,686,675

 

Investment securities held to maturity

 

1,515,807

 

1,488,818

 

 

1,488,818

 

Loans, net

 

89,761,496

 

84,201,789

 

 

 

84,201,789

FHLB stock

 

427,400

 

427,400

 

 

427,400

 

Mutual funds

 

301,159

 

301,159

 

301,159

 

 

Accrued interest receivable

 

359,568

 

359,568

 

359,568

 

 

Cash value of life insurance

 

2,232,345

 

2,232,345

 

 

2,232,345

 

Total

$

112,479,310

$

106,892,614

$

9,855,587

$

12,835,238

$

84,201,789

Financial liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Deposits

$

92,675,307

$

92,633,307

$

58,338,645

$

$

34,294,662

Advance payments by borrowers for taxes and insurance

 

120,461

 

120,461

 

 

120,461

 

Federal Home Loan Bank advances

 

8,000,000

 

8,149,000

 

 

8,149,000

 

Accrued interest payable

 

56,633

 

56,633

 

56,633

 

 

Total

$

100,852,401

$

100,959,401

$

58,395,278

$

8,269,461

$

34,294,662