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Note 1 - Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
  

For the year ended December 31, 2023

  

For the year ended December 31, 2022

 

Net income

 $642,535  $6,876,861 

Basic earnings per share:

        

Weighted average shares outstanding - basic

  12,891,847   13,570,407 

Weighted average shares outstanding - diluted

  12,891,847   13,576,934 

Dilutive securities

     6,527 

Basic earnings per share - basic

 $0.05  $0.51 

Basic earnings per share - diluted

 $0.05  $0.51 
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
Loan Portfolio Segments: 

Pre Adoption

  

The effect of adoption

  

Post Adoption

 

Real estate:

 

 

 

Residential First Mortgage

 $466,100,627  $29,589,213  $495,689,840 

Commercial and Multi-Family Real Estate

  162,338,669   (162,338,669)   

Commercial Real Estate

     96,030,721   96,030,721 

Multi-Family Real Estate

     66,400,713   66,400,713 

Construction

  61,825,478      61,825,478 

Commercial and Industrial

  1,684,189      1,684,189 

Consumer:

            

Home Equity and Other Consumer

  29,654,973   (29,654,973)   

Consumer

     98,770   98,770 

Total loans

  721,603,936   125,775   721,729,711 

Allowance for credit losses

  (2,578,174)  (282,775)  (2,860,949)

Net loans

 $719,025,762  $(157,000) $718,868,762 
Allowance for Credit Losses: 

Pre Adoption

  

The effect of adoption

  

Post Adoption

 

Assets

 

 

 

ACL on loans

            

Residential First Mortgage

 $1,602,534  $211,669  $1,814,203 

Commercial and Multi-Family Real Estate

  615,480   (615,480)   

Commercial Real Estate

     522,977   522,977 

Multi-Family Real Estate

     259,769   259,769 

Construction

  258,500   1,500   260,000 

Commercial and Industrial

  3,960   40   4,000 

Home Equity and Other Consumer

  97,700   (97,700)   

Liabilities

            

ACL for unfunded commitments

     152,000   152,000 

Total

 $2,578,174  $434,775  $3,012,949