v3.26.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest Income        
Loans $ 2,304,132 $ 1,835,976 $ 4,391,169 $ 3,631,427
Investment securities 706,674 295,811 1,393,437 605,088
Interest-bearing deposits and other 207,984 329,660 501,993 758,771
Total interest income 3,218,790 2,461,447 6,286,599 4,995,286
Interest Expense        
Deposits 558,536 547,016 1,115,018 1,119,100
Federal Home Loan Bank advances 328,375   638,873 33
Total interest expense 886,911 547,016 1,753,891 1,119,133
Net Interest Income 2,331,879 1,914,431 4,532,708 3,876,153
Provision for Credit Losses 24,140 8,750 96,940 8,750
Net Interest Income After Provision for Credit Losses 2,307,739 1,905,681 4,435,768 3,867,403
Noninterest Income        
Service fees on deposits 210,155 258,599 460,388 501,163
Debit card fees 102,768 102,550 200,297 196,055
Mortgage loan servicing fees, net 30,263 26,453 70,582 59,409
Gain on sale of loans 12,549 37,085 33,746 73,503
Other noninterest income 62,211 76,456 161,557 125,868
Total noninterest income 417,946 501,143 926,570 955,998
Noninterest Expense        
Salaries and employee benefits 1,251,550 1,116,091 2,463,498 2,235,299
Occupancy and equipment 157,989 150,412 294,652 299,130
Data processing fees 180,233 145,610 352,456 296,268
FDIC insurance premiums 27,126 26,500 53,126 50,853
Advertising 58,962 50,623 118,089 93,833
Directors fees 27,100 24,099 55,200 48,199
Debit card expense 19,389 25,020 38,948 35,785
Professional fees 230,081 188,452 388,104 292,257
Telephone and internet 36,447 36,454 72,428 71,694
Other 195,387 175,144 400,642 362,606
Total noninterest expense 2,184,264 1,938,405 4,237,143 3,785,924
Income before income taxes 541,421 468,419 1,125,195 1,037,477
Provision for income taxes 151,342 118,871 316,973 286,384
Net Income $ 390,079 $ 349,548 $ 808,222 $ 751,093
Earnings per share - basic $ 0.47   $ 0.97  
Earnings per share - diluted $ 0.47   $ 0.97