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Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Net income (loss) $ 454,625 $ (366,960) $ 1,409,967 $ (1,240,419)
Other comprehensive income:        
Net unrealized gain on securities available for sale: 2,417,548 2,880,599 2,983,632 2,828,529
Net unrealized loss on securities available for sale, tax effect (679,572) (809,737) (838,699) (795,100)
Net unrealized loss on securities available for sale, net of tax 1,737,976 2,070,862 2,144,933 2,033,429
Defined benefit retirement plans:        
Reclassification adjustment for amortization of prior service cost and net gain included in salaries and employee benefits 0 0 180,712 6,414
Tax effect 0 0 (50,798) (3,309)
Net of tax 0 0 129,914 3,105
Derivatives:        
Unrealized (loss) on swap contracts accounted for as cash flow hedges (168,082) (1,303,127) (839,043) (583,606)
Tax effect 47,247 366,309 235,855 164,051
Net of tax (120,835) (936,818) (603,188) (419,555)
Total other comprehensive income 1,617,141 1,134,044 1,671,659 1,616,979
Comprehensive income $ 2,071,766 $ 767,084 $ 3,081,626 $ 376,560