Investment Securities (Tables)

9 Months Ended

Sep. 30, 2022

Investments [Abstract]

Debt Securities, Available-for-Sale

The amortized cost and estimated fair values of these debt securities were as follows:

	As of September 30, 2022				As of December 31, 2021
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
Available-for-Sale
Obligations of states and political subdivisions	$	256,051,824	$	209,210,455	$	248,858,502	$	261,183,377
Corporate securities	130,316		343,925		130,316		418,548
	$	256,182,140	$	209,554,380	$	248,988,818	$	261,601,925

Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value

The following table provides an analysis of investment securities in an unrealized loss position for which an allowance for credit losses is unnecessary as of September 30, 2022 and December 31, 2021:

	Less than 12 Months				12 Months or Longer				Total
September 30, 2022	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for Sale:
Obligations of states and political subdivisions	$	159,469,675	$	(31,451,271)	$	23,784,344	$	(15,771,300)	$	183,254,019	$	(47,222,571)

	Less than 12 Months				12 Months or Longer				Total
December 31, 2021	Fair Value		Unrealized Losses		Fair Value		Unrealized Losses		Fair Value		Unrealized Losses
Available for Sale:
Obligations of states and political subdivisions	$	41,660,651	$	(896,338)	$	652,921	$	(52,078)	$	42,313,572	$	(948,416)