XML 91 R71.htm IDEA: XBRL DOCUMENT v3.25.1
Schedule of Allowance for Loan Losses (Details) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 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 [2] (837,778) 1,183,312
Allowance for credit losses, charge-offs (1,095,485)
Financing receivable, allowance for credit loss, ending balance 1,885,390 3,818,653
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 [2] (487,159) 476,717
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance 732,494 1,219,653
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 [2] (444,859) 843,521
Allowance for credit losses, charge-offs (1,095,485)
Financing receivable, allowance for credit loss, ending balance 850,550 2,390,894
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 [2] 94,240 (136,926)
Allowance for credit losses, charge-offs
Financing receivable, allowance for credit loss, ending balance $ 302,346 $ 208,106
[1] See Note 1 of the notes to the consolidated financial statements
[2] Included in other expenses on the consolidated statements of earnings