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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 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.

 

      December 31, 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  $210,597,657   $5,348,089   $3,034,879   $161,832,250   $4,995,486   $3,412,224 
Total     $210,597,657   $5,348,089   $3,034,879   $161,832,250   $4,995,486   $3,412,224 
Schedule of Gains and Losses on Derivatives

The following table 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 into income on the ineffective portion of the derivatives or any amounts excluded from effective testing.

 

      Years ended December 31, 
Derivative  Classification  2024   2023 
Loan commitments  Mortgage fee income  $729,948   $(1,123,615)
              
Call and put options  Gains on investments and other assets  $-   $49,963