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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Net income $ 642,535 $ 6,876,861
Net comprehensive (loss) income:    
Unrealized holding loss arising during the period (194,520) (9,064,994)
Tax effect 54,680 2,548,170
Net of tax (139,840) (6,516,824)
Defined benefit retirement plans:    
Unrealized (loss) gain arising during the period including changes in assumptions (167,170) 249,184
Reclassification adjustment for amortization of prior service cost and net gain/loss included in salaries and employee benefits 94,315 231,406
Tax effect, income tax benefit 19,720 (135,092)
Net of tax (53,135) 345,498
Derivatives, net of tax:    
Unrealized (loss) gain on swap contracts accounted for as cash flow hedges (84,554) 324,062
Tax effect 23,768 (91,093)
Net of tax (60,786) 232,969
Total other comprehensive loss (253,761) (5,938,357)
Comprehensive income $ 388,774 $ 938,504