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Investment and Mortgage-Backed Securities, Held to Maturity
 6 Months Ended
Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract]  
Investment and Mortgage-Backed Securities, Held to Maturity
The Company’s HTM portfolio is recorded at amortized cost. The amortized cost, gross unrealized gains, gross unrealized losses, and fair values of investments HTM at June 30, 2022 and December 31, 2021 were as follows:
June 30, 2022Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
US Treasury Bonds$34,334,055 $180,829 $939 $34,513,945 
SBA Bonds3,788,644 183,182 — 3,971,826 
Mortgage-Backed Securities66,913,732 125,217 2,656,269 64,382,680 
Total Held To Maturity$105,036,431 $489,228 $2,657,208 $102,868,451 
December 31, 2021Amortized CostGross Unrealized GainsGross Unrealized LossesFair Value
Mortgage-Backed Securities$23,506,768 $577,005 $363,365 $23,720,408 
Total Held To Maturity$23,506,768 $577,005 $363,365 $23,720,408 

At June 30, 2022, the amortized cost and fair value of investments HTM that were pledged as collateral for certain deposit accounts, FHLB advances and other borrowings were $7.7 million and $7.6 million, respectively, compared to an amortized cost and fair value of $9.0 million and $9.5 million, respectively, at December 31, 2021.

The following tables show gross unrealized losses, fair value, and length of time that individual HTM securities have been in a continuous unrealized loss position at the dates indicated below.
 June 30, 2022
 Less than 12 Months12 Months or MoreTotal
 Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
US Treasury Bonds$11,901,564 $939 $— $— $11,901,564 $939 
Mortgage-Backed Securities 44,904,997 1,974,537 3,799,314 681,732 48,704,311 2,656,269 
 $56,806,561 $1,975,476 $3,799,314 $681,732 $60,605,875 $2,657,208 

 December 31, 2021
 Less than 12 Months12 Months or MoreTotal
 Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Mortgage-Backed Securities$9,969,587 $206,472 $3,442,229 $156,893 $13,411,816 $363,365 
 $9,969,587 $206,472 $3,442,229 $156,893 $13,411,816 $363,365 

At June 30, 2022 and December 31, 2021, 23 and six individual HTM securities were in a loss position, including three and two securities that were in a loss position for greater than 12 months, respectively. The Company believes, based on industry analyst reports and credit ratings, that the deterioration in value was attributable to changes in market interest rates and was not in the credit quality of the issuer and therefore, the loss was not considered other-than-temporary. The Company has the ability and intent to hold these securities to maturity.