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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets at Fair Value

The following table shows the fair value and notional amounts of derivative instruments:

				September 30, 2024												December 31, 2023
		Balance Sheet Location		Notional Amount				Asset Fair Value				Liability Fair Value				Notional Amount				Asset Fair Value				Liability Fair Value
Derivatives not designated as hedging instruments:
Loan commitments		Other assets and Other liabilities		$	270,461,098			$	5,563,882			$	3,168,855			$	161,832,250			$	4,995,486			$	3,412,224
Total				$	270,461,098			$	5,563,882			$	3,168,855			$	161,832,250			$	4,995,486			$	3,412,224

Schedule of Gains and Losses on Derivatives

The table below presents the gains (losses) on derivatives. There were no gains or losses reclassified from accumulated other comprehensive income into income or gains or losses recognized in income on derivatives ineffective portion, or any amounts excluded from effective testing.

				Net Amount Gain (Loss)								Net Amount Gain (Loss)
				Three Months Ended September 30,								Nine Months Ended September 30,
Derivative		Classification		2024				2023				2024				2023
Loan commitments		Mortgage fee income		$	(179,836	)		$	(1,504,286	)		$	811,765			$	(977,716	)