Loans Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2022

Loans Receivable, Net [Abstract] (Deprecated 2019-01-31)

Financing Receivable, Nonaccrual [Table Text Block]

The following table shows non-accrual loans by category at March 31, 2022 compared to December 31, 2021:

Non-accrual Loans:	March 31, 2022		December 31, 2021
Construction Real Estate	$	19,799	$	21,434
Residential Real Estate	1,560,113		1,389,498
Commercial Real Estate	1,036,496		1,057,496
Commercial and Agricultural	75,095		64,479
Consumer HELOC	115,766		141,683
Other Consumer	14,265		8,797
Total Non-accrual Loans	$	2,821,534	$	2,683,387

Allowance for Loan Losses

Impaired Financing Receivables [Table Text Block]

The following tables present information related to impaired loans by loan category at March 31, 2022 and December 31, 2021 and for the three months ended March 31, 2022 and 2021.

	March 31, 2022						December 31, 2021
Impaired Loans	Recorded Investment		Unpaid Principal Balance		Related Allowance		Recorded Investment		Unpaid Principal Balance		Related Allowance
Construction Real Estate	$	17,889	$	17,889	$	—	$	19,133	$	19,133	$	—
Residential Real Estate	1,225,909		1,762,909		—		1,128,452		1,646,952		—
Commercial Real Estate	1,029,627		1,029,627		—		1,046,974		1,046,974		—
Commercial and Agricultural	31,446		926,446		—		31,446		926,446		—
Consumer HELOC	95,854		95,854		—		97,302		97,302		—
Other Consumer	—		—		—		—		—		—
Total	$	2,400,725	$	3,832,725	$	—	$	2,323,307	$	3,736,807	$	—

	Three Months Ended March 31,
	2022				2021
Impaired Loans	Average Recorded Investment		Interest Income Recognized		Average Recorded Investment		Interest Income Recognized
Construction Real Estate	$	18,511	$	—	$	39,303	$	—
Residential Real Estate	1,239,308		—		1,272,179		—
Commercial Real Estate	1,038,300		—		1,084,620		1,856
Commercial and Agricultural	31,446		—		53,046		—
Consumer HELOC	96,578		—		157,813		—
Other Consumer	—		—		1,787		—
Total	$	2,424,143	$	—	$	2,608,748	$	1,856

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Loans receivable, net, consisted of the following as of the dates indicated below:

	March 31, 2022		December 31, 2021
Real Estate Loans:
Construction	$	101,702,355	$	100,162,260
Residential Mortgage	84,799,618		84,965,542
Commercial	241,048,027		227,751,664
Commercial and Agricultural Loans	33,854,099		44,689,391
Consumer Loans:
HELOC	29,409,219		28,611,516
Other Consumer	21,936,673		21,449,809
Total Loans Held For Investment, Gross	512,749,991		507,630,182
Less:
Allowance For Loan Losses	11,128,963		11,087,164
Deferred Loan Fees	846,995		1,084,623
	11,975,958		12,171,787
Total Loans Receivable, Net	$	500,774,033	$	495,458,395

Financing Receivable Credit Quality Indicators [Table Text Block]

The tables below summarize the balance within each risk category by loan type, excluding loans held for sale, at March 31, 2022 and December 31, 2021.

March 31, 2022	Pass		Caution		Special Mention		Substandard		Total Loans
Construction Real Estate	$	76,989,251	$	20,082,910	$	4,265,573	$	364,621	$	101,702,355
Residential Real Estate	65,002,986		15,907,480		1,240,739		2,648,413		84,799,618
Commercial Real Estate	191,571,418		43,636,618		3,077,070		2,762,921		241,048,027
Commercial and Agricultural	28,733,158		4,796,087		37,254		287,600		33,854,099
Consumer HELOC	23,884,209		4,447,603		570,673		506,734		29,409,219
Other Consumer	15,372,103		6,352,561		77,086		134,923		21,936,673
Total	$	401,553,125	$	95,223,259	$	9,268,395	$	6,705,212	$	512,749,991

December 31, 2021	Pass		Caution		Special Mention		Substandard		Total Loans
Construction Real Estate	$	67,205,984	$	25,867,339	$	6,566,302	$	522,635	$	100,162,260
Residential Real Estate	65,650,970		14,506,787		2,061,598		2,746,187		84,965,542
Commercial Real Estate	185,117,439		34,263,196		5,669,666		2,701,363		227,751,664
Commercial and Agricultural	40,017,641		4,296,962		54,380		320,408		44,689,391
Consumer HELOC	23,416,585		3,987,734		624,055		583,142		28,611,516
Other Consumer	15,059,609		6,244,382		85,673		60,145		21,449,809
Total	$	396,468,228	$	89,166,400	$	15,061,674	$	6,933,880	$	507,630,182

Financing Receivable, Past Due [Table Text Block]

The tables below present an age analysis of past due balances by loan category at March 31, 2022 and December 31, 2021:

	March 31, 2022
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Construction Real Estate	$	317,228	$	—	$	—	$	317,228	$	101,385,127	$	101,702,355
Residential Real Estate	1,296,880		115,013		239,896		1,651,789		83,147,829		84,799,618
Commercial Real Estate	1,607,614		—		367,906		1,975,520		239,072,507		241,048,027
Commercial and Agricultural	171,271		—		39,883		211,154		33,642,945		33,854,099
Consumer HELOC	96,370		54,283		19,912		170,565		29,238,654		29,409,219
Other Consumer	166,499		53,778		15,486		235,763		21,700,910		21,936,673
Total	$	3,655,862	$	223,074	$	683,083	$	4,562,019	$	508,187,972	$	512,749,991

	December 31, 2021
	30-59 Days Past Due		60-89 Days Past Due		90 Days or More Past Due		Total Past Due		Current		Total Loans Receivable
Construction Real Estate	$	4,291	$	114,516	$	—	$	118,807	$	100,043,453	$	100,162,260
Residential Real Estate	296,556		543,716		205,713		1,045,985		83,919,557		84,965,542
Commercial Real Estate	195,271		—		372,405		567,676		227,183,988		227,751,664
Commercial and Agricultural	79,381		133,610		—		212,991		44,476,400		44,689,391
Consumer HELOC	51,430		—		44,382		95,812		28,515,704		28,611,516
Other Consumer	93,560		3,648		8,797		106,005		21,343,804		21,449,809
Total	$	720,489	$	795,490	$	631,297	$	2,147,276	$	505,482,906	$	507,630,182

Financing Receivable, Allowance for Credit Loss [Table Text Block]

The tables below summarize the impaired loan balances evaluated individually and collectively for impairment within the allowance for loan losses and loans receivable balances at March 31, 2022 and December 31, 2021.

	Allowance For Loan Losses						Loans Receivable
March 31, 2022	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total		Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Construction Real Estate	$	—	$	2,336,583	$	2,336,583	$	17,889	$	101,684,466	$	101,702,355
Residential Real Estate	—		1,628,316		1,628,316		1,225,909		83,573,709		84,799,618
Commercial Real Estate	—		4,932,948		4,932,948		1,029,627		240,018,400		241,048,027
Commercial and Agricultural	—		1,242,919		1,242,919		31,446		33,822,653		33,854,099
Consumer HELOC	—		555,403		555,403		95,854		29,313,365		29,409,219
Other Consumer	—		432,794		432,794		—		21,936,673		21,936,673
Total	$	—	$	11,128,963	$	11,128,963	$	2,400,725	$	510,349,266	$	512,749,991
	Allowance For Loan Losses						Loans Receivable
December 31, 2021	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total		Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Construction Real Estate	$	—	$	2,401,196	$	2,401,196	$	19,133	$	100,143,127	$	100,162,260
Residential Real Estate	—		1,663,423		1,663,423		1,128,452		83,837,090		84,965,542
Commercial Real Estate	—		4,832,440		4,832,440		1,046,974		226,704,690		227,751,664
Commercial and Agricultural	—		1,241,828		1,241,828		31,446		44,657,945		44,689,391
Consumer HELOC	—		517,512		517,512		97,302		28,514,214		28,611,516
Other Consumer	—		430,765		430,765		—		21,449,809		21,449,809
Total	$	—	$	11,087,164	$	11,087,164	$	2,323,307	$	505,306,875	$	507,630,182

Accounts Receivable, Allowance for Credit Loss

The following tables show the activity in the allowance for loan losses by category for the three months ended March 31, 2022 and 2021:

	Three Months Ended March 31, 2022
	Real Estate								Consumer
	Construction		Residential		Commercial		Commercial and Agricultural		HELOC		Other		Total
Beginning Balance	$	2,401,196	$	1,663,423	$	4,832,440	$	1,241,828	$	517,512	$	430,765	$	11,087,164
Provision for Loan Losses	(73,215)		(44,818)		81,527		(22,242)		35,182		23,566		—
Charge-Offs	—		—		—		—		—		(31,871)		(31,871)
Recoveries	8,602		9,711		18,981		23,333		2,709		10,334		73,670
Ending Balance	$	2,336,583	$	1,628,316	$	4,932,948	$	1,242,919	$	555,403	$	432,794	$	11,128,963
	Three Months Ended March 31, 2021
	Real Estate								Consumer
	Construction		Residential		Commercial		Commercial and Agricultural		HELOC		Other		Total
Beginning Balance	$	2,486,910	$	2,264,414	$	5,753,641	$	1,112,952	$	657,356	$	567,623	$	12,842,896
Recovery of Loan Losses	(161,817)		(320,905)		(272,740)		(28,303)		(55,793)		(30,442)		(870,000)
Charge-Offs	—		—		—		(6,699)		—		(38,277)		(44,976)
Recoveries	—		70		8,640		948		—		9,295		18,953
Ending Balance	$	2,325,093	$	1,943,579	$	5,489,541	$	1,078,898	$	601,563	$	508,199	$	11,946,873