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SUBORDINATED DEBT
 12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
SUBORDINATED DEBT SUBORDINATED DEBT
The payment of the principal and interest on the Company’s subordinated debt is subordinate and junior in right of payment to all unsubordinated indebtedness of the Company.
Subordinated debt consists of Variable Rate Subordinated Debentures issued from time to time by the Company, and which mature four years after their date of issue The maturity date is automatically extended for an additional four year term unless the holder or the Company redeems the debenture on its original maturity date or within any applicable grace period thereafter The debentures are offered and sold in various minimum purchase amounts with varying interest rates as established from time to time by the Company and interest adjustment periods for each respective minimum purchase amount. Interest rates on the debentures automatically adjust at the end of each adjustment period. The debentures may also be redeemed by the holder at the applicable interest adjustment date or within any applicable grace period thereafter without penalty. Redemptions at any other time are at the discretion of the Company and are subject to a penalty. The Company may redeem the debentures for a price equal to 100% of the principal plus accrued but unpaid interest upon 30 days’ notice to the holder.
Interest rate information on the Company’s subordinated debt at December 31 is as follows:
Weighted Average Interest Rate at
End of Year		Weighted Average Interest Rate
During Year
202220212020202220212020
3.29%3.16%3.10%3.16%3.12%3.01%
Maturity and redemption information relating to the Company's subordinated debt at December 31, 2022 is as follows:
Amount Maturing or
Redeemable at Option of Holder
Based on Maturity
Date		Based on Interest
Adjustment Period
2023$6,039,363 $15,497,719 
20246,215,892 8,620,385 
20258,387,815 3,076,825 
20268,362,756 1,810,897 
$29,005,826 $29,005,826