v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income:        
Loans, including fees $ 1,311,503 $ 1,177,341 $ 2,594,303 $ 2,321,963
Investment securities:        
Taxable 43,562 50,976 87,795 102,708
Tax-exempt 28,715 28,068 52,377 55,100
Other 107,116 68,777 166,316 120,592
Total interest income 1,490,896 1,325,162 2,900,791 2,600,363
Interest expense:        
Deposits 472,587 335,953 886,065 694,126
FHLB advances 86,983 86,956 172,983 172,956
Total interest expense 559,570 422,909 1,059,048 867,082
Net interest income 931,326 902,253 1,841,743 1,733,281
Provision for (recovery of) credit losses on loans (53,418) (11,243) (23,188) (104,378)
Provision for (recovery of) credit losses on unfunded loan commitments (266)   18,831  
Net interest income after provision for credit losses 985,010 913,496 1,846,100 1,837,659
Noninterest income:        
Increase in cash value of life insurance 22,357 4,994 44,195 9,890
Other noninterest income 16,987 729 19,265 1,351
Total noninterest income 85,871 53,650 159,264 128,342
Noninterest expense:        
Salaries and employee benefits 439,685 426,382 831,999 828,569
Occupancy 132,976 133,127 261,409 268,826
Data processing 397,261 111,134 2,213,889 220,421
Advertising 31,879 29,115 59,321 56,894
Professional fees 170,085 122,205 288,053 152,649
Directors fees 28,350 28,350 56,700 56,700
Insurance 8,400 11,595 21,246 23,184
Loan costs 20,070 11,557 36,901 29,692
ATM fee expense 3,832 19,264 20,459 30,300
Donations and contributions 11,000 16,500 27,500 33,000
Other noninterest expense 48,393 52,504 125,918 131,044
Total noninterest expense 1,291,931 961,733 3,943,395 1,831,279
Net (loss) income before income taxes (221,050) 5,413 (1,938,031) 134,722
Income tax (benefit) expense (72,637) (31,273) (527,480) 8,936
Net (loss) income $ (148,413) 36,686 $ (1,410,551) 125,786
Earnings (loss) per share:        
Basic $ (0.09)   $ (0.89)  
Diluted $ (0.09)   $ (0.89)  
Service fees        
Noninterest income:        
Non-interest income $ 16,840 14,349 $ 33,992 30,001
Interchange fees        
Noninterest income:        
Non-interest income $ 29,687 $ 33,578 $ 61,812 $ 87,100