v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash on hand $ 3,969,825 $ 2,300,984
Due from banks 16,208,519 47,224,554
Federal funds sold 101,000 853,000
Cash and cash equivalents 20,279,344 50,378,538
Available-for-sale securities 75,576,961 76,699,904
Loans held for sale 0 0
Loans receivable 137,488,817 118,850,710
Allowance for credit losses (1,166,219) (1,034,193)
Loans, net 136,322,598 117,816,517
Federal Home Loan Bank stock 2,025,000 1,575,000
Premises and equipment, net 3,128,601 3,141,267
Accrued interest receivable 857,889 751,961
Mortgage servicing rights, net 310,570 326,764
Deferred tax assets, net 1,997,068 2,208,560
Bank owned life insurance 2,344,974 2,308,325
Other assets 1,607,152 1,312,424
Total assets 244,450,157 256,519,260
Liabilities    
Demand 113,542,823 126,505,380
Savings 27,757,695 25,716,594
Time 43,129,523 44,283,509
Total deposits 184,430,041 196,505,483
Advances from the Federal Home Loan Bank 35,000,000 35,000,000
Advances from borrowers for taxes and insurance 453,146 399,702
Accrued expenses and other liabilities 829,649 1,998,190
Total liabilities 220,712,836 233,903,375
Shareholders' Equity    
Preferred stock, $0.01 par value, 1,000,000 shares authorized, none issued
Common stock, $0.01 par value, 10,000,000 shares authorized, 889,781 shares issued 8,898 8,898
Additional paid-in capital 7,356,250 7,346,633
Unallocated common stock of ESOP (576,136) (591,707)
Retained earnings 19,779,279 18,971,057
Accumulated other comprehensive loss (2,830,970) (3,118,996)
Total shareholders' equity 23,737,321 22,615,885
Total liabilities and shareholders' equity $ 244,450,157 $ 256,519,260