v3.26.1
FAIR VALUE MEASUREMENTS - Schedule of carrying value and estimated fair value of financial instruments (Details) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Financial assets:    
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, fair value 1,377,371 1,488,818
Level 1    
Financial assets:    
Cash and cash equivalents 21,782,238 9,194,860
Mutual funds 307,890 301,159
Accrued interest receivable 411,118 359,568
Total 22,501,246 9,855,587
Financial liabilities:    
Deposits 55,574,909 58,338,645
Accrued interest payable 56,742 56,633
Total 55,631,651 58,395,278
Level 2    
Financial assets:    
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, fair value 1,377,371 1,488,818
FHLB stock 432,000 427,400
Cash value of life insurance 2,276,540 2,232,345
Total 12,453,836 12,835,238
Financial liabilities:    
Advance payments by borrowers for taxes and insurance   120,461
Federal Home Loan Bank advances 8,006,000 8,149,000
Total 8,006,000 8,269,461
Level 3    
Financial assets:    
Loans, net 87,258,443 84,201,789
Total 87,258,443 84,201,789
Financial liabilities:    
Deposits 39,036,442 34,294,662
Total 39,036,442 34,294,662
Carrying value    
Financial assets:    
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, fair value 1,416,188 1,515,807
Loans, net 92,220,076 89,761,496
FHLB stock 432,000 427,400
Mutual funds 307,890 301,159
Accrued interest receivable 411,118 359,568
Cash value of life insurance 2,276,540 2,232,345
Total 127,213,975 112,479,310
Financial liabilities:    
Deposits 94,696,352 92,675,307
Advance payments by borrowers for taxes and insurance   120,461
Federal Home Loan Bank advances 8,000,000 8,000,000
Accrued interest payable 56,742 56,633
Total 102,753,094 100,852,401
Estimated fair value    
Financial assets:    
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, fair value 1,377,371 1,488,818
Loans, net 87,258,443 84,201,789
FHLB stock 432,000 427,400
Mutual funds 307,890 301,159
Accrued interest receivable 411,118 359,568
Cash value of life insurance 2,276,540 2,232,345
Total 122,213,525 106,892,614
Financial liabilities:    
Deposits 94,611,351 92,633,307
Advance payments by borrowers for taxes and insurance   120,461
Federal Home Loan Bank advances 8,006,000 8,149,000
Accrued interest payable 56,742 56,633
Total $ 102,674,093 $ 100,959,401