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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Common Stock Shares Authorized 5,000,000 5,000,000
Common Stock Shares Issued 3,453,817 3,453,817
Common Stock Shares Outstanding 3,252,884 3,252,884
Treasury Stock Shares Held 200,933  
Allowance For Loan Losses $ 11,087,164 $ 12,842,896
Debt Securities, Held-to-maturity, Fair Value 23,720,408 19,205,287
Assets:    
Cash and Cash Equivalents 27,622,851 18,025,409
Certificates of Deposit with Other Banks 1,100,045 350,005
Investment and Mortgage-Backed Securities ("MBS"):    
Available For Sale ("AFS") 682,849,058 589,324,401
Held To Maturity ("HTM") (Fair Value of $23,720,408 and $19,205,287 at December 31, 2021 and December 31, 2020, Respectively) 23,506,768 18,254,394
Total Investments and MBS 706,355,826 607,578,795
Held For Sale 4,038,414 5,693,400
Loans and Leases Receivable, Net Amount 495,458,395 473,473,972
Total Loans Receivable, Net 499,496,809 479,167,372
Accrued Interest Receivable:    
Loans 1,333,155 1,252,023
Mortgage-Backed Securities 721,619 631,449
Investment Securities 1,697,716 1,614,077
Total Accrued Interest Receivable 3,752,490 3,497,549
Operating Lease Right-of-Use Assets 2,252,424 2,351,661
Land Held for Sale 1,529,691 0
Premises and Equipment, Net 25,236,915 26,575,257
Federal Home Loan Bank ("FHLB") Stock, at Cost 585,700 2,354,000
Other Real Estate Owned ("OREO") 129,700 498,610
Bank Owned Life Insurance ("BOLI") 26,709,897  
Goodwill 1,199,754 1,199,754
Other Assets 5,241,410 4,036,831
Total Assets 1,301,213,512 1,171,710,140
Liabilities:    
Deposit Accounts 1,115,962,963 918,096,235
Advance Payments by Borrowers for Taxes and Insurance 168,510 206,110
Advances from FHLB 0 35,000,000
Borrowings from Federal Reserve Bank ("FRB") 0 48,700,000
Other Borrowings 26,785,393 13,117,030
Junior Subordinated Debentures 5,155,000 5,155,000
Subordinated Debentures 30,000,000 30,000,000
Operating Lease Liabilities 2,293,295 2,380,269
Other Liabilities 5,325,826 7,149,750
Total Liabilities 1,185,690,987 1,059,804,394
Commitments (Notes 5 and 19)
Shareholders' Equity:    
Common Stock, $0.01 Par Value; 5,000,000 Shares Authorized; 3,453,817 Shares Issued and 3,252,884 Shares Outstanding at December 31, 2021 and 2020 34,538 34,538
Additional Paid-In Capital ("APIC") 18,230,187 18,230,187
Treasury Stock, Value 4,330,712 4,330,712
Accumulated Other Comprehensive Income ("AOCI") 5,215,107 12,940,950
Retained Earnings 96,373,405 85,030,783
Total Shareholders' Equity 115,522,525 111,905,746
Total Liabilities and Shareholders' Equity 1,301,213,512 1,171,710,140
Foreclosed Assets | Fair Value, Inputs, Level 3 | Fair Value, Nonrecurring [Member]    
Accrued Interest Receivable:    
Other Real Estate Owned ("OREO") $ 129,700 $ 498,610