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Consolidated Statements of Financial Condition (Current Period Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Assets    
Cash and due from banks $ 9,705,521 $ 18,020,527
Interest-bearing deposits in other banks 21,543,280 34,211,681
Cash and cash equivalents 31,248,801 52,232,208
Securities available for sale, at fair value 160,747,239 140,307,447
Loans, net of allowance for credit losses of $2,540,950 and $2,620,949, respectively 669,230,985 711,716,236
Premises and equipment, net 4,478,581 4,727,302
Federal Home Loan Bank (FHLB) stock and other restricted securities 6,459,400 8,803,000
Accrued interest receivable 4,312,242 4,232,563
Core deposit intangibles 118,182 152,893
Bank-owned life insurance 31,551,134 31,859,604
Right of use asset 10,386,607 10,776,596
Investment in limited partnership 2,500,000 0
Other assets 4,780,696 6,682,035
Total Assets 925,813,867 971,489,884
Liabilities and Equity    
Non-interest bearing deposits 29,232,251 32,681,963
Interest bearing deposits 617,520,794 609,506,079
Total deposits 646,753,045 642,188,042
FHLB advances-short term 35,000,000 29,500,000
FHLB advances-long term 84,412,883 142,673,182
Advance payments by borrowers for taxes and insurance 3,165,149 2,809,205
Lease liabilities 10,488,439 10,780,363
Other liabilities 5,300,974 6,249,932
Total liabilities 785,120,490 834,200,724
Stockholders’ Equity    
Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at September 30, 2025 and December 31, 2024 0 0
Common stock $0.01 par value, 30,000,000 shares authorized, 12,997,424 issued and outstanding at September 30, 2025 and 13,059,175 at December 31, 2024 129,974 130,592
Additional paid-in capital 55,367,268 55,269,962
Retained earnings 91,416,615 90,006,648
Unearned ESOP shares (362,929 shares at September 30, 2025 and 382,933 shares at December 31, 2024) (4,294,691) (4,520,594)
Accumulated other comprehensive loss (1,925,789) (3,597,448)
Total stockholders’ equity 140,693,377 137,289,160
Total liabilities and stockholders’ equity $ 925,813,867 $ 971,489,884