XML 87 R72.htm IDEA: XBRL DOCUMENT v3.24.1
Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Allowance for credit losses $ 811,803 $ 724,725
Deferred compensation 928,427 945,753
Fraud claim 121,713 0
Nonaccrual interest 351,211 0
ESOP plans 90,188 51,766
Stock equity plans 263,451 125,195
Accrued severance plan 271,587 0
Federal NOL carryforward 345,571 378,777
Depreciation 72,227 66,854
Charitable foundation contribution 312,949 425,092
Net unrealized loss on securities available for sale 2,596,141 2,541,461
Other 0 48,186
Deferred Tax Assets, Gross 6,165,268 5,307,809
Loan fees/costs 1,120,945 1,108,540
Directors’ and officers’ retirement plans 996 21,772
Purchase accounting 294,064 242,887
Cash flow hedges 67,326 91,094
Other 27,947 0
Deferred Tax Liabilities, Gross 1,511,278 1,464,293
Net deferred tax asset $ 4,653,990 $ 3,843,516