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Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income    
Loans, including fees $ 8,603,129 $ 8,207,392
Securities    
Taxable 1,830,394 1,516,343
Tax-exempt 2,895 13,148
Other interest-earning assets 487,171 324,304
Total interest income 10,923,589 10,061,187
Interest expense    
Deposits 5,762,324 5,969,881
FHLB advances 1,568,027 1,440,069
Total interest expense 7,330,351 7,409,950
Net interest income 3,593,238 2,651,237
(Recovery) provision for credit losses (80,000) 35,000
Net interest income after (recovery) provision for credit losses 3,673,238 2,616,237
Non-interest income    
Fees and service charges 55,819 58,587
Gain on sale of loans 29,062 0
Bank-owned life insurance 762,231 211,959
Other 42,260 28,532
Total non-interest income 889,372 299,078
Non-interest expense    
Salaries and employee benefits 2,080,199 2,158,565
Occupancy and equipment 671,469 371,117
FDIC insurance assessment 106,586 100,597
Data processing 315,697 303,605
Advertising 105,500 110,100
Director fees 159,444 155,700
Professional fees 198,730 196,785
Other 222,045 246,622
Total non-interest expense 3,859,670 3,643,091
Income (loss) before income taxes 702,940 (727,776)
Income tax benefit (28,007) (286,796)
Net income (loss) $ 730,947 $ (440,980)
Basic (in dollars per share) $ 0.06 $ (0.03)
Diluted (in dollars per share) $ 0.06 $ (0.03)
Weighted average shares outstanding - basic (in shares) 12,649,573 12,852,930
Weighted average shares outstanding - diluted (in shares) 12,650,520 12,852,930