XML 64 R52.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Schedule of Allowance for Loan Losses (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Marketable Securities [Line Items]    
Financing receivable, allowance for credit loss, beginning balance $ 3,818,653 $ 1,970,311
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) [1]   665,030
Provision for credit losses (897,039) 100,078 [2]
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance 2,921,614 2,735,419
Commercial Loan [Member]    
Marketable Securities [Line Items]    
Financing receivable, allowance for credit loss, beginning balance 1,219,653 187,129
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) [1] 555,807
Provision for credit losses (360,031) 15,195 [2]
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance 859,622 758,131
Residential Mortgage [Member]    
Marketable Securities [Line Items]    
Financing receivable, allowance for credit loss, beginning balance 2,390,894 1,739,980
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) [1]   (192,607)
Provision for credit losses (528,399) 137,727 [2]
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance 1,862,495 1,685,100
Residential Construction [Member]    
Marketable Securities [Line Items]    
Financing receivable, allowance for credit loss, beginning balance 208,106 43,202
Cumulative effect adjustment upon adoption of new accounting standard (ASU 2016-13) [1]   301,830
Provision for credit losses (8,609) (52,844) [2]
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance $ 199,497 $ 292,188
[1] See Note 2 of the notes to the condensed consolidated financial statements
[2] Included in other expenses on the condensed consolidated statements of earnings