Notes Tables

Financing Receivable Credit Quality Indicators [Table Text Block]

Term Loans by Year of Origination

2023

2022

2021

2020

2019

Prior

Revolving

Total

Real Estate - Construction

Pass

$

19,418,021

$

26,601,678

$

16,516,378

$

4,725,200

$

648,158

$

1,465,033

$

5,027,869

$

74,402,337

Caution

2,968,429

14,796,433

2,083,717

3,193,709

418,495

416,565

—

23,877,348

Special Mention

—

29,265

—

921,594

458,064

—

1,408,923

Substandard

—

333,376

136,960

1,237,579

97,293

—

1,805,208

Total

22,386,450

41,427,376

18,933,471

8,055,869

3,225,826

2,436,955

5,027,869

101,493,816

Current period gross write-offs

—

1,270

—

1,270

Real Estate - Mortgage

Pass

23,244,544

32,870,741

10,942,223

14,632,321

4,096,019

23,193,947

9,576,457

118,556,252

Caution

10,537,035

11,122,672

5,868,656

1,699,406

1,617,666

4,237,468

—

35,082,903

Special Mention

1,878,200

158,315

434,467

399,325

—

245,555

—

3,115,862

Substandard

74,550

—

621,239

—

48,601

2,481,436

—

3,225,826

Total

35,734,329

44,151,728

17,866,585

16,731,052

5,762,286

30,158,406

9,576,457

159,980,843

Current period gross write-offs

—

Real Estate - Commercial

Pass

11,017,973

48,666,315

48,839,955

12,796,698

24,093,992

54,378,489

2,687,505

202,480,927

Caution

9,786,032

4,949,460

4,272,692

6,488,251

7,234,125

8,389,414

—

41,119,974

Special Mention

212,500

879,781

455,971

414,263

—

5,784,828

99,811

7,847,154

Substandard

—

68,176

58,602

—

4,600,992

—

4,727,770

Total

21,016,505

54,563,732

53,627,220

19,699,212

31,328,117

73,153,723

2,787,316

256,175,825

Current period gross write-offs

—

Commercial and Agricultural

Pass

3,819,756

6,182,554

8,078,460

692,988

379,558

2,558,790

4,153,369

25,865,475

Caution

3,416,339

1,529,379

1,732,343

82,772

18,316

217,590

639,351

7,636,090

Special Mention

459,064

40,621

116,875

15,852

11,089

95,193

—

738,694

Substandard

—

1,975

—

65,179

97,576

164,730

Total

7,695,159

7,752,554

9,927,678

793,587

408,963

2,936,752

4,890,296

34,404,989

Current period gross write-offs

—

15,880

—

15,880

Home Equity Lines of Credit

Pass

—

27,331,177

Caution

—

4,964,475

Special Mention

—

401,065

Substandard

—

622,045

Total

—

33,318,762

Current period gross write-offs

—

1,488

Other Consumer

Pass

5,493,794

4,261,711

1,849,151

859,558

238,942

211,390

4,683,874

17,598,420

Caution

2,059,332

2,262,793

1,024,964

547,223

181,936

60,196

282,634

6,419,078

Special Mention

39,199

129,630

—

6,285

175,114

Substandard

—

60,550

79,324

43,459

16,985

9,885

6,215

216,418

Total

7,592,325

6,714,684

2,953,439

1,450,240

437,863

281,471

4,979,008

24,409,030

Current period gross write-offs

—

20,456

13,970

17,036

—

72,971

124,433

Total Loans

$

94,424,768

$

154,610,074

$

103,308,393

$

46,729,960

$

41,163,055

$

108,967,307

$

60,579,708

$

609,783,265

December 31, 2022	Pass		Caution		Special Mention		Substandard		Total Loans
Construction Real Estate	$	91,564,058	$	18,837,894	$	2,013,824	$	377,918	$	112,793,694
Residential Real Estate		84,028,037		22,372,649		887,874		2,768,413		110,056,973
Commercial Real Estate		196,063,300		47,821,422		3,270,916		4,998,837		252,154,475
Commercial and Agricultural		25,383,994		4,593,283		371,071		299,627		30,647,975
Consumer HELOC		25,693,252		5,018,419		401,550		623,455		31,736,676
Other Consumer		16,515,206		6,725,317		178,638		178,949		23,598,110
Total	$	439,247,847	$	105,368,984	$	7,123,873	$	9,247,199	$	560,987,903

Financing Receivable, Nonaccrual [Table Text Block]

	*CECL*						*Incurred Loss*
	*September 30, 2023*						*December 31, 2022*
	*Nonaccrual Loans*		*Nonaccrual Loans*		*Total*
	*with No Allowance*		*with an Allowance*		*Nonaccrual Loans*		*Nonaccrual Loans*
Construction Real Estate	$	234,252	$	—	$	234,252	$	114,630
Residential Real Estate		1,296,522		—		1,296,522		1,544,762
Commercial Real Estate		4,238,537		—		4,238,537		4,281,975
Commercial and Agricultural		52,886		—		52,886		112,652
Consumer HELOC		420,484		—		420,484		188,540
Other Consumer		96,091		—		96,091		28,671
Total Nonaccrual Loans	$	6,338,772	$	—	$	6,338,772	$	6,271,230

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

Three Months Ended September 30, 2023

Real Estate

Consumer

Commercial and

Construction

Residential

Commercial

Agricultural

HELOC

Other

Total

Beginning Balance

$

2,200,850

$

3,260,891

$

4,427,006

$

1,102,070

$

654,278

$

638,230

$

12,283,325

(Reversal of) Provision for Credit Losses

(55,278

)

236,084

(117,370

)

(75,644

)

690

61,518

50,000

Charge-Offs

—

(53,513

)

(53,513

)

Recoveries

3,911

31,317

5,016

6,866

11,360

9,843

68,313

Ending Balance

$

2,149,483

$

3,528,292

$

4,314,652

$

1,033,292

$

666,328

$

656,078

$

12,348,125

Nine Months Ended September 30, 2023

Real Estate

Consumer

Commercial and

Construction

Residential

Commercial

Agricultural

HELOC

Other

Total

Beginning Balance

$

2,323,397

$

2,124,835

$

4,804,282

$

874,092

$

598,807

$

452,340

$

11,177,753

Adjustment to Allowance for Credit Loss on adoption of ASU 2016-13

263,737

461,879

(340,492

)

112,452

107,548

179,070

784,194

(Reversal of) Provision for Credit Losses

(449,432

)

896,261

(164,187

)

44,001

(76,130

)

125,487

376,000

Charge-Offs

(1,270

)

-

(15,880

)

(1,488

)

(124,433

)

(143,071

)

Recoveries

13,051

45,317

15,049

18,627

37,591

23,614

153,249

Ending Balance

$

2,149,483

$

3,528,292

$

4,314,652

$

1,033,292

$

666,328

$

656,078

$

12,348,125

	*Three Months Ended September 30, 2022*
	*Real Estate*										*Consumer*
								*Commercial and*
	*Construction*		*Residential*			*Commercial*		*Agricultural*			*HELOC*			*Other*			*Total*
Beginning Balance	$	2,104,386	$	1,870,696		$	4,736,314	$	1,403,818		$	606,847		$	475,893		$	11,197,954
(Reversal of) Provision for Loan Losses		99,612		(17,503	)		44,664		(117,519	)		(37,681	)		28,427			—
Charge-Offs		—		—			—		—			—			(54,192	)		(54,192	)
Recoveries		15,460		9,678			77,479		1,281			38,190			12,995			155,083
Ending Balance	$	2,219,458	$	1,862,871		$	4,858,457	$	1,287,580		$	607,356		$	463,123		$	11,298,845

	*Nine Months Ended September 30, 2022*
	*Real Estate*										*Consumer*
									*Commercial and*
	*Construction*			*Residential*		*Commercial*			*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
(Reversal of) Provision for Loan Losses		(212,761	)		161,839		(100,941	)		19,643		44,068		88,152			—
Charge-Offs		—			—		—			—		—		(97,884	)		(97,884	)
Recoveries		31,023			37,609		126,958			26,109		45,776		42,090			309,565
Ending Balance	$	2,219,458		$	1,862,871	$	4,858,457		$	1,287,580	$	607,356	$	463,123		$	11,298,845

	Allowance For Loan Losses						Loans Receivable
December 31, 2022	Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total		Individually Evaluated For Impairment		Collectively Evaluated For Impairment		Total
Construction Real Estate	$	—	$	2,323,397	$	2,323,397	$	114,630	$	112,679,064	$	112,793,694
Residential Real Estate		—		2,124,835		2,124,835		1,089,308		108,967,665		110,056,973
Commercial Real Estate		—		4,804,282		4,804,282		4,281,702		247,872,773		252,154,475
Commercial and Agricultural		—		874,092		874,092		31,446		30,616,529		30,647,975
Consumer HELOC		—		598,807		598,807		48,792		31,687,884		31,736,676
Other Consumer		—		452,340		452,340		—		23,598,110		23,598,110
Total	$	—	$	11,177,753	$	11,177,753	$	5,565,878	$	555,422,025	$	560,987,903

	*Three Months Ended September 30, 2023*
	*Allowance for Credit Losses - Unfunded Commitments*
Beginning Balance	$	1,108,614
Reversal of provision for unfunded commitments		(50,000	)
Ending Balance	$	1,058,614

	*Nine Months Ended September 30, 2023*
	*Allowance for Credit Losses - Unfunded Commitments*
Beginning Balance	$	—
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13		1,213,614
Reversal of provision for unfunded commitments		(155,000	)
Ending Balance	$	1,058,614

Impaired Financing Receivables [Table Text Block]

	December 31, 2022
	Recorded		Unpaid Principal		Related
Impaired Loans	Investment		Balance		Allowance
Construction Real Estate	$	114,630	$	114,630	$	—
Residential Real Estate		1,089,308		1,626,308		—
Commercial Real Estate		4,281,702		4,281,702		—
Commercial and Agricultural		31,446		926,446		—
Consumer HELOC		48,792		48,792		—
Other Consumer		—		—		—
Total	$	5,565,878	$	6,997,878	$	—

	Three Months Ended September 30,
	2022
	Average Recorded		Interest Income
Impaired Loans	Investment		Recognized
Construction Real Estate	$	116,495	$	—
Residential Real Estate		1,121,686		—
Commercial Real Estate		743,998		—
Commercial and Agricultural		31,446		—
Consumer HELOC		50,725		—
Other Consumer		—		—
Total	$	2,064,350	$	—

	Nine Months Ended September 30,
	2022
	Average Recorded		Interest Income
Impaired Loans	Investment		Recognized
Construction Real Estate	$	117,881	$	—
Residential Real Estate		1,144,363		—
Commercial Real Estate		756,394		—
Commercial and Agricultural		31,446		—
Consumer HELOC		52,643		—
Other Consumer		—		—
Total	$	2,102,727	$	—