v3.26.3
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
Total
Preferred Stock
Common Stock
Capital in Excess of Par
Accumulated Other Comprehensive Loss
Accumulated (Deficit)/ Retained Earnings
Treasury Stock
Preferred stock, Beginning balance (in shares) at Dec. 31, 2024   0          
Common stock, Beginning balance (in shares) at Dec. 31, 2024     14,448,205        
Beginning balance at Dec. 31, 2024 $ 66,708,451 $ 0 $ 144,482 $ 89,063,326 $ (12,175,476) $ (4,755,874) $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Dec. 31, 2024             1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 1,241,040     1,241,040      
Vesting of restricted stock awards (in shares)     223,204        
Vesting of restricted stock awards 0   $ 2,232 (2,232)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (35,942)        
Shares deducted from restricted stock awards for payment of withholding taxes (548,500)   $ (359) (548,141)      
Exercise of stock options (in shares)     52,321        
Exercise of stock options 64,591   $ 523 64,068      
Exercise of warrants (in shares)     371,634        
Exercise of warrants 0   $ 3,716 (3,716)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (868)        
Shares deducted from restricted stock awards for payment of withholding taxes (14,305)   $ (9) (14,296)      
Issuance of common stock, net of offering costs (in shares)     612,999        
Issuance of common stock, net of offering costs 9,470,453   $ 6,130 9,464,323      
Dividends (707,101)         (707,101)  
Net income 26,007,467         26,007,467  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax 5,430,946       5,430,946    
Preferred stock, Ending balance (in shares) at Sep. 30, 2025   0          
Common stock, Ending balance (in shares) at Sep. 30, 2025     15,671,553        
Ending balance at Sep. 30, 2025 107,653,042 $ 0 $ 156,715 99,264,372 (6,744,530) 20,544,492 $ (5,568,007)
Treasury stock, Ending balance (in shares) at Sep. 30, 2025             1,524,125
Preferred stock, Beginning balance (in shares) at Jun. 30, 2025   0          
Common stock, Beginning balance (in shares) at Jun. 30, 2025     15,661,240        
Beginning balance at Jun. 30, 2025 94,877,892 $ 0 $ 156,612 98,840,728 (8,930,559) 10,379,118 $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Jun. 30, 2025             1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 430,173     430,173      
Vesting of restricted stock awards (in shares)     6,978        
Vesting of restricted stock awards 0   $ 70 (70)      
Exercise of stock options (in shares)     3,335        
Exercise of stock options 7,503   $ 33 7,470      
Offering costs on previously issued common stock (13,929)     (13,929)      
Dividends (707,101)         (707,101)  
Net income 10,872,475         10,872,475  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax 2,186,029       2,186,029    
Preferred stock, Ending balance (in shares) at Sep. 30, 2025   0          
Common stock, Ending balance (in shares) at Sep. 30, 2025     15,671,553        
Ending balance at Sep. 30, 2025 $ 107,653,042 $ 0 $ 156,715 99,264,372 (6,744,530) 20,544,492 $ (5,568,007)
Treasury stock, Ending balance (in shares) at Sep. 30, 2025             1,524,125
Preferred stock, Beginning balance (in shares) at Dec. 31, 2025   0          
Common stock, Beginning balance (in shares) at Dec. 31, 2025 14,397,526   15,921,651        
Beginning balance at Dec. 31, 2025 $ 122,731,249 $ 0 $ 159,216 99,624,713 (6,081,530) 34,596,857 $ (5,568,007)
Treasury stock, Beginning balance (in shares) at Dec. 31, 2025 1,524,125           1,524,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation $ 1,963,267     1,963,267      
Vesting of restricted stock awards (in shares)     93,727        
Vesting of restricted stock awards 0   $ 937 (937)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (29,321)        
Shares deducted from restricted stock awards for payment of withholding taxes $ (502,669)   $ (293) (502,376)      
Exercise of stock options (in shares) 18,333   39,161        
Exercise of stock options $ 41,250   $ 392 40,858      
Acquisition of treasury stock (in shares)             19,446
Acquisition of treasury stock (291,833)           $ (291,833)
Dividends (2,315,045)         (2,315,045)  
Net income 27,246,375         27,246,375  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax $ (12,130,242)       (12,130,242)    
Preferred stock, Ending balance (in shares) at Sep. 30, 2026   0          
Common stock, Ending balance (in shares) at Sep. 30, 2026 14,481,647   16,025,218        
Ending balance at Sep. 30, 2026 $ 136,742,352 $ 0 $ 160,252 101,125,525 (18,211,772) 59,528,187 $ (5,859,840)
Treasury stock, Ending balance (in shares) at Sep. 30, 2026 1,543,571           1,543,571
Preferred stock, Beginning balance (in shares) at Jun. 30, 2026   0          
Common stock, Beginning balance (in shares) at Jun. 30, 2026     16,018,235        
Beginning balance at Jun. 30, 2026 $ 129,159,460 $ 0 $ 160,182 100,568,894 (8,522,036) 42,812,260 $ (5,859,840)
Treasury stock, Beginning balance (in shares) at Jun. 30, 2026             1,543,571
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Stock-based compensation 663,352     663,352      
Vesting of restricted stock awards (in shares)     10,823        
Vesting of restricted stock awards 0   $ 108 (108)      
Shares deducted from restricted stock awards for payment of withholding taxes (in shares)     (5,309)        
Shares deducted from restricted stock awards for payment of withholding taxes (106,651)   $ (53) (106,598)      
Exercise of stock options (in shares)     1,469        
Exercise of stock options 0   $ 15 (15)      
Acquisition of treasury stock (in shares)             0
Acquisition of treasury stock 0           $ 0
Dividends (868,527)         (868,527)  
Net income 17,584,454         17,584,454  
Increase (decrease) in net unrealized losses on available-for-sale securities, net of tax $ (9,689,736)       (9,689,736)    
Preferred stock, Ending balance (in shares) at Sep. 30, 2026   0          
Common stock, Ending balance (in shares) at Sep. 30, 2026 14,481,647   16,025,218        
Ending balance at Sep. 30, 2026 $ 136,742,352 $ 0 $ 160,252 $ 101,125,525 $ (18,211,772) $ 59,528,187 $ (5,859,840)
Treasury stock, Ending balance (in shares) at Sep. 30, 2026 1,543,571           1,543,571