Sunnyside Bancorp (SNNY) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 11, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-55005
Entity Registrant Name	Sunnyside Bancorp, Inc.
Entity Central Index Key	0001571398
Entity Tax Identification Number	46-3001280
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	56 Main Street
Entity Address, City or Town	Irvington
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10533
City Area Code	(914)
Local Phone Number	591-8000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		793,500

Condensed Consolidated Statemen

Condensed Consolidated Statements of Financial Condition - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and cash equivalents	$ 3,139,972	$ 3,470,090
Certificates of deposit	250,000	250,000
Securities held to maturity, net; approximate fair value of $422,000 (March 31, 2022) and $431,000 (December 31, 2021)	416,001	417,010
Securities available for sale	50,578,303	53,411,654
Loans receivable, net	29,271,577	31,633,926
Premises and equipment, net	923,235	955,757
Federal Home Loan Bank of New York and other stock, at cost	192,300	196,600
Accrued interest receivable	417,201	414,295
Cash surrender value of life insurance	2,521,281	2,504,594
Deferred income taxes	1,401,679	922,727
Other assets	341,173	222,643
Total assets	89,452,722	94,399,296
Liabilities:
Deposits	80,025,147	82,854,464
Borrowings	912,677	1,007,716
Advances from borrowers for taxes and insurance	422,110	519,908
Other liabilities	309,019	412,947
Total liabilities	81,668,953	84,795,035
Commitments and contingencies
Stockholders’ equity:
Serial preferred stock; par value $.01, 1,000,000 shares authorized, no shares issued
Common stock; par value $.01, 30,000,000 shares authorized and 793,500 shares issued	7,935	7,935
Additional paid-in capital	7,126,697	7,121,120
Unallocated common stock held by the Employee Stock Ownership Plan	(349,487)	(355,075)
Retained earnings	4,307,380	4,337,274
Accumulated other comprehensive (loss)	(3,308,756)	(1,506,993)
Total stockholders’ equity	7,783,769	9,604,261
Total liabilities and stockholders’ equity	$ 89,452,722	$ 94,399,296

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Securities held to maturity, fair value	$ 421,605	$ 430,782
Serial preferred stock, par value	$ 0.01	$ 0.01
Serial preferred stock, shares authorized	1,000,000	1,000,000
Serial preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	793,500	793,500

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest and dividend income:
Loans	$ 360,095	$ 463,459
Investment securities	68,871	60,398
Mortgage-backed securities	192,262	146,882
Federal funds sold and other earning assets	3,182	4,799
Total interest and dividend income	624,410	675,538
Interest expense:
Deposits	52,897	90,876
Borrowings	5,194	11,023
Total interest expense	58,091	101,899
Net interest income	566,319	573,639
Provision for loan losses	7,895	57,387
Net interest income after provision for loan losses	558,424	516,252
Non-interest income:
Fees and service charges	16,532	16,717
Income on bank owned life insurance	16,687	15,297
Total non-interest income	33,219	32,014
Non-Interest Expense:
Compensation and benefits	286,001	277,590
Occupancy and equipment, net	71,623	64,869
Data processing service fees	84,424	78,959
Merger related expenses	21,250	361,010
Professional fees	90,719	85,167
Federal deposit insurance premiums	6,395	5,629
Advertising and promotion	12,886	17,322
Other	49,088	50,128
Total non-interest expense	622,386	940,674
Loss before income tax benefit	(30,743)	(392,408)
Income tax benefit	(849)	(8,787)
Net loss	$ (29,894)	$ (383,621)
Basic and diluted loss per share	$ (0.04)	$ (0.51)
Weighted average shares outstanding, basic and diluted	758,175	755,938

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net income (loss)	$ (29,894)	$ (383,621)
Defined benefit pension plans:
Amortization of loss included in net periodic plan cost	16,176	15,042
Unrealized gains (losses) on securities available for sale:
Unrealized holding gains (losses) arising during the period	(2,296,889)	(997,943)
Other comprehensive income (loss), before tax	(2,280,713)	(982,901)
Income tax expense (benefit) related to items of other comprehensive income (loss)	(478,950)	(206,409)
Other comprehensive income (loss), net of tax (benefit)	(1,801,763)	(776,492)
Comprehensive income (loss)	$ (1,831,657)	$ (1,160,113)

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Unallocated Common Stock Held by ESOP [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 7,935	$ 7,104,920	$ (377,524)	$ 5,630,970	$ (765,320)	$ 11,600,981
Net loss				(383,621)		(383,621)
ESOP shares allocated or committed to be released		1,664	5,612			7,276
Other comprehensive income (loss), net of tax					(776,492)	(776,492)
Ending balance, value at Mar. 31, 2021	7,935	7,106,584	(371,912)	5,247,349	(1,541,812)	10,448,144
Beginning balance, value at Dec. 31, 2021	7,935	7,121,120	(355,075)	4,337,274	(1,506,993)	9,604,261
Net loss				(29,894)		(29,894)
ESOP shares allocated or committed to be released		5,577	5,588			11,165
Other comprehensive income (loss), net of tax					(1,801,763)	(1,801,763)
Ending balance, value at Mar. 31, 2022	$ 7,935	$ 7,126,697	$ (349,487)	$ 4,307,380	$ (3,308,756)	$ 7,783,769

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net loss	$ (29,894)	$ (383,621)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation expense	34,214	29,334
Amortization of premiums and accretion of discounts, net	23,736	54,737
Amortization of deferred loan fees and costs, net	(50,667)	(91,275)
Provision for loan losses	7,895	57,387
(Increase) decrease in accrued interest receivable	(2,906)	29,812
Increase in cash surrender value of life insurance	(16,687)	(15,297)
Net (increase) decrease in other assets	(118,532)	28,765
Net (decrease) increase in other liabilities	(87,752)	99,599
Amortization of stock compensation plans	11,165	7,276
Net cash used in operating activities	(229,428)	(183,283)
Cash flows from investing activities:
Purchases of securities available for sale	(6,986,719)	(37,143,625)
Repayments and maturities of securities held to maturity	1,074	999
Repayments and maturities of securities available for sale	4,499,380	37,179,087
Proceeds from sales of securities available for sale	3,000,000
Loan originations, net of principal repayments	2,405,121	(1,233,498)
Purchases of premises and equipment	(1,692)
Redemption of Federal Home Loan Bank and other stock	4,300	4,200
Net cash provided by (used in) investing activities	2,921,464	(1,192,837)
Cash flows from financing activities:
Net (decrease) increase in deposits	(2,829,317)	7,033,356
Net decrease in advances from borrowers for taxes and insurance	(97,798)	(94,105)
Repayment of long-term borrowings	(95,039)	(124,078)
Net decrease in short-term borrowings		(5,118,395)
Net cash (used in) provided by financing activities	(3,022,154)	1,696,778
Net (decrease) increase in cash and cash equivalents	(330,118)	320,658
Cash and cash equivalents at beginning of period	3,470,090	2,146,691
Cash and cash equivalents at end of period	3,139,972	2,467,349
Supplemental Information:
Interest	58,258	111,287
Income taxes		$ 1,792

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a description of the more significant policies used in the presentation of the accompanying consolidated financial statements of Sunnyside Bancorp, Inc. and Subsidiary, (collectively, the “Company”). Principles of Consolidation The consolidated financial statements are comprised of the accounts of Sunnyside Bancorp. Inc., and its wholly-owned subsidiary, Sunnyside Federal Savings and Loan Association of Irvington (“Sunnyside Federal” or the “Association”). All significant intercompany accounts and transactions have been eliminated in consolidation. Business Sunnyside Federal is a community-oriented savings institution whose primary business is accepting deposits from customers within its market area (Westchester County, New York) and investing those funds in mortgage loans secured by one-to-four family residences and in mortgage-backed and other securities. To a significantly lesser extent, funds are invested in multi-family and commercial mortgage loans, commercial loans, and consumer loans. Customer deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation. As a federally-chartered savings association, Sunnyside Federal’s primary regulator is the Office of the Controller of the Currency (the “OCC”). Basis of Financial Statement Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with instructions for Form 10-Q, and in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. However, such information presented reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of the Company’s management, necessary for a fair statement of results for the interim period. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ended December 31, 2022, or any other future interim period. The unaudited consolidated financial statements and notes thereto should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2021 included in the Company’s annual report on Form 10-K. Cash and Cash Equivalents For purposes of reporting cash flows, the Company considers all cash and amounts due from depository institutions and interest-bearing deposits in other depository institutions with original maturities of three months or less to be cash equivalents. Investment and Mortgage-Backed Securities Securities that the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity securities and reported at amortized cost. Securities classified as available-for-sale securities are reported at fair value, with unrealized holding gains or losses reported in a separate component of retained earnings. As of March 31, 2022, and December 31, 2021, the Company had no securities classified as held for trading. The Company conducts a periodic review and evaluation of the securities portfolio to determine if a decline in the fair value of any security below its cost basis is other-than-temporary. The evaluation of other-than-temporary impairment considers the duration and severity of the impairment, the Company’s intent and ability to hold the securities and assessments of the reason for the decline in value and the likelihood of a near-term recovery. If such a decline is deemed other-than-temporary, the security is written down to a new cost basis and the resulting loss is charged to income as a component of non-interest expense. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investment and Mortgage-Backed Securities (Cont’d) Premiums and discounts on securities are amortized by use of the level-yield method, over the life of the individual securities. Gain or loss on sales of securities is based upon the specific identification method. Loans Receivable Loans receivable are stated at unpaid principal balances less the allowance for loan losses and net deferred loan fees. Recognition of interest on the accrual method is generally discontinued when interest or principal payments are ninety days or more in arrears, or when other factors indicate that the collection of such amounts is doubtful. At that time, a loan is placed on a nonaccrual status, and all previously accrued and uncollected interest is reversed against interest income in the current period. Interest on such loans, if appropriate, is recognized as income when payments are received. A loan is returned to an accrual status when factors indicating doubtful collectability no longer exist. Allowance for Loan Losses An allowance for loan losses is maintained at a level, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate. Management of the Company, in determining the provision for loan losses considers the risks inherent in its loan portfolio and changes in the nature and volume of its loan activities, along with the general economic and real estate market conditions. The Company utilizes a two-tier approach: (1) identification of problem loans and establishment of specific loss allowances on such loans; and (2) establishment of general valuation allowances on the remainder of its loan portfolio. The Company maintains a loan review system which allows for a periodic review of its loan portfolio and the early identification of potential problem loans. Such system takes into consideration, among other things, delinquency status, size of loans, type of collateral, and financial condition of the borrowers. Specific loan losses are established for identified loans based on a review of such information and appraisals of the underlying collateral. General loan losses are based upon a combination of factors including, but not limited to, actual loan loss experience, composition of the loan portfolio, current economic conditions, and management’s judgment. Although management believes that adequate specific and general loan loss allowances are established, actual losses are dependent upon future events and, as such, further additions to the level of specific and general loan loss allowances may be necessary. A loan evaluated for impairment is deemed to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. An insignificant payment delay, which is defined as up to ninety days by the Company, will not cause a loan to be classified as impaired. A loan is not impaired during a period of delay in payment if the Company expects to collect all amounts due, including interest accrued at the contractual interest rate for the period of delay. The amount of loan impairment is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. All loans identified as impaired are evaluated independently. The Company does not aggregate such loans for evaluation purposes. Payments received on impaired loans are applied first to accrued interest receivable and then to principal. Operating, Accounting and Reporting Considerations related to COVID-19 The COVID-19 pandemic has caused significant disruption to the national economy including New York and the tri-state area, resulting in many business sectors operating below capacity, increased unemployment levels and volatility in the financial markets. In response to the negative effects of COVID-19 on the U.S. economy, Congress enacted the Coronavirus Aide, Relief, and Economic Security Act (“CARES Act”), among other actions, in addition to monetary actions taken by the Federal Reserve, which provide for financial stimulus and government lending programs at unprecedented levels. The effects of these programs, as well as any potential additional stimulus, to support businesses and consumers remain uncertain. Some of the provisions of the CARES Act applicable to the Company include, but are not limited to: 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ● Accounting for Loan Modifications Loans Receivable, Net ● Paycheck Protection Program Loans Receivable, Net Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: ● Accounting for Loan Modifications Loans Receivable, Net ● Past Due Reporting ● Nonaccrual Status and Charge-offs Federal Home Loan Bank of New York stock As a member of the Federal Home Loan Bank of New York (“FHLB”), Sunnyside Federal is required to acquire and hold shares of FHLB Class B stock. The holding requirement varies based on Sunnyside Federal’s activities, primarily our outstanding borrowings, with the FHLB. The investment in FHLB stock is carried at cost. The Company conducts a periodic review and evaluation of its FHLB stock to determine if any impairment exists. Premises and Equipment Premises and equipment are comprised of land, building, and furniture, fixtures, and equipment, at cost, less accumulated depreciation. Depreciation charges are computed on the straight-line method over the following estimated useful lives: SCHEDULE OF PREMISES AND EQUIPMENT ESTIMATED USEFUL LIVES Building and improvements 5 40 Furniture, fixtures and equipment 2 10 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) is accounted for in accordance with FASB guidance. The cash surrender value of BOLI is recorded on the statement of financial condition as an asset and the change in the cash surrender value is recorded as non-interest income. The amount by which any death benefits received exceeds a policy’s cash surrender value is recorded in non-interest income at the time of receipt. A liability is also recorded on the statement of financial condition for postretirement death benefits provided by the split-dollar endorsement policy. A corresponding expense is recorded in non-interest expense for the accrual of benefits over the period during which employees provide services to earn the benefits. Income Taxes Federal and state income taxes have been provided on the basis of reported income. The amounts reflected on the tax return differ from these provisions due principally to temporary differences in the reporting of certain items for financial reporting and income tax reporting purposes. The tax effect of these temporary differences is accounted as deferred taxes applicable to future periods. Deferred income tax expense or benefit is determined by recognizing deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that includes the enactment date. The realization of deferred tax assets is assessed and a valuation allowance provided, when necessary, for that portion of the asset which is not likely to be realized. Employee Benefits Defined Benefit Plans: The accounting guidance related to retirement benefits requires an employer to: (a) recognize in its statement of financial position an asset for a plan’s overfunded status or a liability for a plan’s underfunded status; (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year; and (c) recognize, in comprehensive income, changes in the funded status of a defined benefit postretirement plan in the year in which the changes occur. The accounting guidance requires that plan assets and benefit obligations be measured as of the date of the employer’s fiscal year-end statement of financial condition. 401(k) Plan: The Company has a 401(k) plan covering substantially all employees. The Company matches 50 6 Employee Stock Ownership Plan: The employee stock ownership plan (ESOP) is accounted for in accordance with the provisions of ASC 718-40, “Employers’ Accounting for Employee Stock Ownership Plans.” The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Association’s contributions over a period of up to 25 Equity Incentive Plan: On July 17, 2014, the Board of Directors adopted the Sunnyside Bancorp, Inc. 2014 Equity Incentive Plan (the “Stock Incentive Plan”) which was approved by shareholders at the Company’s 2014 Annual Meeting of Shareholders held on September 16, 2014. Stock options and restricted stock may be granted to directors, officers and other employees of the Company. The maximum number of shares which may be issued upon exercise of the options under the plan cannot exceed 79,350 23,805 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Employee Benefits Equity Incentive Plan (Cont’d): The Stock Incentive Plan will remain in effect as long as any awards under it are outstanding; however, no awards may be granted under the Stock Incentive Plan on or after the 10-year anniversary of the effective date of the Stock Incentive Plan or July 17, 2024. On June 16, 2015, the Company granted 10,500 10.50 no Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, and the actuarial gains and losses of the pension plan, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Concentration of Credit Risk and Interest-Rate Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, investment and mortgage-backed securities and loans. Cash and cash equivalents include amounts placed with highly rated financial institutions. Investment securities include securities backed by the U.S. Government and other highly rated instruments. The Company’s lending activity is primarily concentrated in loans collateralized by real estate in the State of New York. As a result, credit risk is broadly dependent on the real estate market and general economic conditions in the State. The Company is principally engaged in the business of attracting deposits from the general public and using these deposits, together with borrowings and other funds, to make loans secured by real estate in the State of New York. The potential for interest-rate risk exists as a result of the shorter duration of the Company’s interest-sensitive liabilities compared to the generally longer duration of interest-sensitive assets. In a rising rate environment, liabilities will reprice faster than assets, thereby reducing net interest income. For this reason, management regularly monitors the maturity structure of the Company’s assets and liabilities in order to measure its level of interest-rate risk and to plan for future volatility. Advertising Costs It is the Company’s policy to expense advertising costs in the period in which they are incurred. Earnings Per Share Basic earnings per common share, or EPS, are computed by dividing net income by the weighted-average common shares outstanding during the year. The weighted-average common shares outstanding includes the weighted-average number of shares of common stock outstanding less the weighted average number of unallocated shares held by the ESOP and the unvested shares of restricted stock. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options. Potential common shares related to stock options are determined using the treasury stock method. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Recent Accounting Pronouncements In June, 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (Topic 326), which introduces new guidance for the accounting for credit losses on instruments within its scope. The new guidance introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale (AFS) debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. In April, 2019, FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses”. ASU 2019-04 made amendments to the following categories in ASU 2016-13 which include Accrued interest, transfers between classifications or categories for loans and debt securities, recoveries, reinsurance recoverables, projections of interest rate environments for variable-rate financial instruments, costs to sell when foreclosure is probable, consideration of expected prepayments when determining the effective interest rate, vintage disclosures and extension and renewal options. In May, 2019, FASB issued ASU 2019-05, “Financial Instruments - Credit Losses (Topic 326); Targeted Transition Relief”, ASU 2019-05 allows the Company to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of Topic 326 if the instruments are eligible for the fair value option under authoritative guidance for fair value. The fair value option election does not apply to held-to-maturity debt securities. We are required to make this election on an instrument-by-instrument basis. This ASU will be effective for public business entities that are a smaller reporting company in fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the impact of the pending adoption of the new standard on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Public business entities that are a smaller reporting company should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is permitted for all public business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of this guidance on January 1, 2022 did not have a material effect on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments-Credit Losses” (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. This ASU addresses and amends areas identified by the FASB as part of its post-implementation review of the accounting standard that introduced the current expected credit losses model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit losses model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require disclosure of current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. As the Company has not yet adopted the amendments in ASU 2016-13, ASU 2022-02 becomes effective in the first quarter of 2023. Management is assessing the impact that adoption of this standard will have on the Company’s financial condition and results of operations in conjunction with its assessment of the impact of ASU 2016-13. The Company expects to adopt this guidance on January 1, 2023. Subsequent Events The Company evaluated its March 31, 2022 consolidated financial statements for subsequent events through the date the consolidated financial statements were issued. See also note 2 to the consolidated financial statements.

PLAN OF MERGER

PLAN OF MERGER	3 Months Ended
	Mar. 31, 2022
Plan Of Merger
PLAN OF MERGER	2. PLAN OF MERGER As previously disclosed, Rhodium BA Holdings, LLC, a Delaware limited liability company (“Rhodium”), Rhodium BA Merger Sub, Inc., a Maryland corporation and Mark Silber, entered into an Agreement and Plan of Merger (the “Merger Agreement”) with the Company and Sunnyside Federal, pursuant to which Rhodium will acquire the Company and the Bank. 2. Plan of Merger Under the terms of the Merger Agreement, Rhodium will acquire all of Sunnyside Bancorp’s outstanding common stock at a price of $ 20.25 16.1 The merger was approved by Sunnyside Bancorp’s shareholders on November 10, 2021. Consummation of the merger is subject to certain other conditions, including the receipt of all required regulatory approvals and expiration of applicable waiting periods, accuracy of specified representations and warranties of each party, the performance in all material respects by each party of its obligations under the Merger Agreement, and the absence of any injunctions or other legal restraints. The Merger Agreement provides certain termination rights for both Rhodium and Sunnyside Bancorp, and further provides that upon termination of the Merger Agreement under certain circumstances, Sunnyside Bancorp will be obligated to pay Rhodium a termination fee of $ 615,000 1.5 Merger related costs are being expensed as incurred and are being reported separately in the consolidated statements of operations. Such costs totaled $ 21,250 361,010 On May 3, 2022, the Company announced that all regulatory approvals have been obtained and that the closing of this transaction is expected to occur on or about May 31, 2022.

MUTUAL TO STOCK CONVERSION AND

MUTUAL TO STOCK CONVERSION AND LIQUIDATION ACCOUNT	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
MUTUAL TO STOCK CONVERSION AND LIQUIDATION ACCOUNT	3. MUTUAL TO STOCK CONVERSION AND LIQUIDATION ACCOUNT On July 15, 2013, the Association completed its mutual-to-stock conversion, and the Company consummated its initial stock offering. The Company sold 793,500 55,545 10.00 7,935,000 845,000 6.5 In accordance with applicable federal conversion regulations, at the time of the completion of our mutual-to-stock conversion, the Company established a liquidation account in the Association in an amount equal to the Association’s total retained earnings as of the latest balance sheet date in the final prospectus used in the Conversion. Each eligible account holder or supplemental account holder is entitled to a proportionate share of this liquidation account in the event of a complete liquidation of the Association, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record as of any December 31 and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after conversion in the related deposit balance. The Company may not declare, pay a dividend on, or repurchase any of its capital stock, if the effect thereof would cause retained earnings to be reduced below the liquidation account amount or regulatory capital requirements.

CERTIFICATES OF DEPOSIT

CERTIFICATES OF DEPOSIT	3 Months Ended
	Mar. 31, 2022
Certificates Of Deposit
CERTIFICATES OF DEPOSIT	4. CERTIFICATES OF DEPOSIT SCHEDULE OF FAIR VALUE OF CERTIFICATES BY REMAINING PERIOD TO CONTRACTUAL MATURITY March 31, December 31, 2022 2021 Maturing in: After one to five years $ 250,000 $ 250,000

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SECURITIES	5. SECURITIES SCHEDULE OF HELD TO MATURITY AND AVAILABLE FOR SALE SECURITIES March 31, 2022 Amortized Gross Unrealized Fair Cost Gains Losses Value Securities held to maturity: State, county, and municipal obligations $ 347,315 $ 5,145 $ - $ 352,460 Mortgage-backed securities 68,686 459 - 69,145 $ 416,001 $ 5,604 $ - $ 421,605 Securities available for sale: U.S. government and agency obligations $ 27,223,827 $ - $ 1,819,038 25,404,789 Mortgage-backed securities 26,034,692 22,077 883,255 25,173,514 $ 53,258,519 $ 22,077 $ 2,702,293 $ 50,578,303 December 31, 2021 Amortized Gross Unrealized Fair Cost Gains Losses Value Securities held to maturity: State, county, and municipal obligations $ 347,259 $ 12,872 $ - $ 360,131 Mortgage-backed securities 69,751 900 - 70,651 $ 417,010 $ 13,772 $ - $ 430,782 Securities available for sale: U.S. government and agency obligations $ 23,733,928 $ 2,337 $ 531,898 $ 23,204,367 Mortgage-backed securities 30,061,053 319,700 173,466 30,207,287 $ 53,794,981 $ 322,037 $ 705,364 $ 53,411,654 Mortgage-backed securities consist of securities guaranteed by Ginnie Mae, Fannie Mae and Freddie Mac with amortized costs of $ 383,000 6.1 10.0 481,000 6.6 10.4 9.6 12.6 There were no Proceeds from the sale of securities available for sale totaled $ 3,000,000 0 The following is a summary of the amortized cost and fair value of securities at March 31, 2022 and December 31, 2021, by remaining period to contractual maturity. Actual maturities may differ from these amounts because certain debt security issuers have the right to call or redeem their obligations prior to contractual maturity. In addition, mortgage backed securities that amortize monthly are listed in the period the security is legally set to pay off in full. 5. SECURITIES SCHEDULE OF AMORTIZED COST AND FAIR VALUE OF SECURITIES BY REMAINING PERIOD TO CONTRACTUAL MATURITY March 31, 2022 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Within one year $ - $ - $ 14,580,973 $ 14,546,222 After one to five years - - 9,007,110 8,893,278 After five to ten years - - 3,847,856 3,633,655 After ten years 416,001 421,605 25,822,580 23,505,148 $ 416,001 $ 421,605 $ 53,258,519 $ 50,578,303 December 31, 2021 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Within one year $ - $ - $ 11,491,438 $ 11,494,360 After one to five years - - 11,613,287 11,611,187 After five to ten years - - 3,987,439 3,988,621 After ten years 417,010 430,782 26,702,817 26,317,486 $ 417,010 $ 430,782 $ 53,794,981 $ 53,411,654 The following tables summarize the fair values and unrealized losses of securities with an unrealized loss at March 31, 2022 and December 31, 2021, segregated between securities that have been in an unrealized loss position for less than one year, or one year or longer, at the respective dates. SCHEDULE OF FAIR VALUES AND UNREALIZED LOSSES OF SECURITIES IN UNREALIZED LOSS POSITION March 31, 2022 Under One Year One Year or More Gross Gross Fair Unrealized Fair Unrealized Value Loss Value Loss Securities available for sale: U.S. government and agency obligations $ 15,662,208 $ 315,993 $ 9,742,582 $ 1,503,045 Mortgage-backed securities 17,864,021 313,841 5,127,943 569,414 $ 33,526,229 $ 629,834 $ 14,870,525 $ 2,072,459 5. SECURITIES December 31, 2021 Under One Year One Year or More Gross Gross Fair Unrealized Fair Unrealized Value Loss Value Loss Securities available for sale: U.S. government and agency obligations $ 16,758,164 $ 230,242 $ 5,943,867 $ 301,655 Mortgage-backed securities 3,921,160 42,236 3,667,750 131,231 $ 20,679,324 $ 272,478 $ 9,611,617 $ 432,886 The unrealized losses are primarily due to changes in market interest rates subsequent to purchase. At March 31, 2022, a total of 40 16 Securities available for sale, with a carrying value of approximately $ 4.1

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS RECEIVABLE, NET	6. LOANS RECEIVABLE, NET SCHEDULE OF LOANS RECEIVABLE, NET March 31, December 31, 2022 2021 Mortgage loans: Residential 1-4 family $ 10,628,776 $ 11,129,455 Commercial and multi-family 14,248,640 14,432,286 Home equity lines of credit 183,390 184,899 Total 25,060,806 25,746,640 Other loans: Passbook 11,558 14,700 Student 2,584,905 2,860,315 Commercial 2,005,834 3,446,409 Total 4,602,297 6,321,424 Total loans 29,663,103 32,068,064 Less: Deferred loan fees (costs and premiums), net 19,906 70,572 Allowance for loan losses 371,620 363,566 Total loans after deduction of Deferred loan fees (costs and premiums), net and allowance for loan losses 391,526 434,138 Total loans, net $ 29,271,577 $ 31,633,926 As previously mentioned in Note 1 Summary of Significant Accounting Policies 964,000 2.4 In the ordinary course of business, the Company makes loans to its directors, executive officers, and their associates (related parties) on the same terms as those prevailing at the time of origination for comparable loans with other borrowers. The unpaid principal balances of related party loans were approximately $ 107,000 110,000 6. LOANS RECEIVABLE, NET Activity in the allowance for loan losses is summarized as follows: SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 363,566 $ 400,995 Provision for loan losses 7,895 57,387 Charge-offs - (47,968 ) Recoveries 159 - Balance at end of period $ 371,620 $ 410,414 The allowance for loan losses consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, an allowance is established when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. There are no specific allowances as of March 31, 2022 and December 31, 2021. The general component covers pools of loans by loan class not considered impaired, as well as smaller balance homogeneous loans, such as one-to-four family real estate, home equity lines of credit and other consumer loans. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these categories of loans, adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions including the value of underlying collateral for collateral dependent loans. 3. Nature and volume of the portfolio and terms of loans. 4. Experience, ability, and depth of lending management and staff and the quality of the Company’s loan review system. 5. Volume and severity of past due, classified and nonaccrual loans. 6. Existence and effect of any concentrations of credit and changes in the level of such concentrations. 7. Effect of external factors, such as competition and legal and regulatory requirements. Each factor is assigned a value to reflect improving, stable or declining conditions based on management’s best judgment using relevant information available at the time of the evaluation. Adjustments to the factors are supported through documentation of changes in conditions in a narrative accompanying the allowance for loan loss calculation. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated when credit deficiencies arise, such as delinquent loan payments. Credit quality risk ratings include regulatory classifications of pass, special mention, substandard, doubtful and loss. 6. LOANS RECEIVABLE, NET Loan classifications are defined as follows: ● Pass — These loans are well protected by the current net worth and paying capacity of the obligor (or guarantors, if any) or by the fair value, less cost to acquire and sell, of any underlying collateral in a timely manner. ● Special Mention — These loans have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of repayment prospects. ● Substandard — These loans are inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Assets so classified must have a well-defined weakness, or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. ● Doubtful — These loans have all the weaknesses inherent in a loan classified substandard with the added characteristic that the weaknesses make the full recovery of our principal balance highly questionable and improbable on the basis of currently known facts, conditions, and values. The likelihood of a loss on an asset or portion of an asset classified as doubtful is high. Its classification as Loss is not appropriate, however, because pending events are expected to materially affect the amount of loss. ● Loss — These loans are considered uncollectible and of such little value that a charge-off is warranted. This classification does not necessarily mean that an asset has no recovery or salvage value; but rather, there is much doubt about whether, how much, or when the recovery will occur. One of the primary methods the Company uses as an indicator of the credit quality of their portfolio is the regulatory classification system. The following table reflects the credit quality indicators by portfolio segment and class, at the dates indicated: SCHEDULE OF CREDIT QUALITY INDICATORS BY PORTFOLIO SEGMENT March 31, 2022 Mortgage Loans Commercial Residential Real Estate and Home Commercial 1-4 Family Multi-Family Equity Student Other Total (In thousands) Pass $ 10,394 $ 12,261 $ 183 $ 2,482 $ 2,017 $ 27,337 Special Mention 235 788 - 103 - 1,126 Substandard - 1,200 - - - 1,200 Total $ 10,629 $ 14,249 $ 183 $ 2,585 $ 2,017 $ 29,663 6. LOANS RECEIVABLE, NET December 31, 2021 Mortgage Loans Commercial Residential Real Estate and Home Commercial 1-4 Family Multi-Family Equity Student Other Total (In thousands) Pass $ 10,894 $ 12,650 $ 185 $ 2,787 $ 3,461 $ 29,977 Special Mention 236 795 - 73 - 1,104 Substandard - 987 - - - 987 Total $ 11,130 $ 14,432 $ 185 $ 2,860 $ 3,461 $ 32,068 The following table provides information about loan delinquencies at the dates indicated: SCHEDULE OF INFORMATION ABOUT LOAN DELINQUENCIES March 31, 2022 90 Days 90 Days 30-59 60-89 or More Total or More Past Due Past Due Past Due Past Due Current Total and (In thousands) Residential 1-4 family $ - $ 40 $ 235 $ 275 $ 10,354 $ 10,629 $ Commercial real estate and multi-family - - 234 234 14,015 14,249 - Home equity lines of credit - - - - 183 183 - Student loans 34 - 30 64 2,521 2,585 - Commercial and other loans - - 25 25 1,992 2,017 - $ 34 $ 40 $ 524 $ 598 $ 29,065 $ 29,663 $ - December 31, 2021 90 Days 90 Days 30-59 60-89 or More Total or More Past Due Past Due Past Due Past Due Current Total and (In thousands) Residential 1-4 family $ - $ - $ 236 $ 236 $ 10,894 $ 11,130 $ Commercial real estate and multi-family - - 234 234 14,198 14,432 - Home equity lines of credit - - - - 185 185 - Student loans 30 - - 30 2,830 2,860 - Commercial and other loans - 4 37 41 3,420 3,461 - $ 30 $ 4 $ 507 $ 541 $ 31,527 $ 32,068 $ - 6. LOANS RECEIVABLE, NET The following is a summary of loans, by loan type, on which the accrual of income has been discontinued and loans that are contractually past due 90 days or more but have not been classified as non-accrual at the dates indicated: SCHEDULE OF LOANS ACCRUAL OF INCOME HAS BEEN DISCONTINUED AND LOANS PAST DUE BUT NOT CLASSIFIED AS NON-ACCRUAL March 31, December 31, 2022 2021 (In thousands) Residential 1-4 family $ 235 $ 236 Commercial real estate and multi-family 234 234 Home equity lines of credit - - Student loans 103 73 Other loans 25 37 Total non-accrual loans 597 580 Accruing loans delinquent 90 days or more - - Total non-performing loans $ 597 $ 580 The total amount of interest income on non-accrual loans that would have been recognized if interest on all such loans had been recorded based upon original contract terms amounted to approximately $ 7,500 7,900 A loan is defined as impaired when, based on current information and events, it is probable that a creditor will be unable to collect all amounts due under the contractual terms of the loan agreement. The Company considers one-to four-family mortgage loans and consumer installment loans to be homogeneous and, therefore, does not generally evaluate them for impairment, unless they are considered troubled debt restructurings. All other loans are evaluated on an individual basis. The recorded investment in the one loan modified in a troubled debt restructuring totaled $ 233,734 234,810 The following table provides information about the Company’s impaired loans at March 31, 2022 and December 31, 2021 (in thousands): SCHEDULE OF LOANS EVALUATED FOR IMPAIRMENT BY LOAN TYPE March 31, 2022 Recorded Investment Unpaid Principal Balance Related Specific Allowance 1-4 residential $ 234 $ 234 $ - December 31, 2021 Recorded Investment Unpaid Principal Balance Related Specific Allowance 1-4 residential $ 235 $ 235 $ - 6. LOANS RECEIVABLE, NET The following tables provide information about the Company’s impaired loans for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Average Recorded Investment Interest Income Received Average Recorded Investment Interest Income Received 1-4 residential $ 234 $ 3 $ 238 $ 3 During the three months ended March 31, 2022 and 2021, there were no new TDR’s that occurred. The Company began offering short-term loan modifications to assist borrowers during the COVID-19 national emergency. These modifications generally involve principal and/or interest payment deferrals for up to six months. Interest continues to legally accrue, and the Company continues to record interest income, during the forbearance period. The Company offers several repayment options such as immediate repayment, repayment over a designated time period, or as a balloon payment at maturity. These modifications generally do not involve forgiveness or interest rate reductions. The CARES Act, along with a joint agency statement issued by banking agencies, provide that short-term modifications made in response to COVID-19 do not need to be accounted for as a TDR. Accordingly, the Company does not account for such loan modifications as TDRs. See Note 1 Summary of Significant Accounting Policies As of March 31, 2022, the Company did not have any COVID-19 related deferments. Since 2020, the Company made COVID-19 related short-term loan concessions to three residential 1-4 family mortgage loans totaling $ 547,000 1,055,000 The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES BY LOAN TYPE 1-4 Family Multi-Family Equity Student Other Total Three Months Ended March 31, 2022 Mortgage Loans Commercial Residential and Home 1-4 Family Multi-Family Equity Student Other Total (In thousands) Beginning balance $ 79 $ 128 $ 1 $ 147 $ 9 $ 364 Provision for loan losses (4 ) 2 - 10 - 8 Charge Offs - - - - - - Recoveries - - - - - - Ending Balance $ 75 $ 130 $ 1 $ 157 $ 9 $ 372 6. LOANS RECEIVABLE, NET 1-4 Family Multi-Family Equity Student Other Total Three Months Ended March 31, 2021 Mortgage Loans Commercial Residential and Home 1-4 Family Multi-Family Equity Student Other Total (In thousands) Beginning balance $ 98 $ 127 $ 1 $ 164 $ 11 $ 401 Provision for loan losses 2 7 - 49 (1 ) 57 Charge Offs - - (48 ) - (48 ) Ending Balance $ 100 $ 134 $ 1 $ 165 $ 10 $ 410

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	7. BORROWINGS Advances from the Federal Home Loan Bank of New York totaled $ 912,677 1,007,716 2.2% June 2024 At March 31, 2022, the Company had a remaining borrowing capacity at the FHLB of $ 26.0 2,000,000 See Note 5 to the consolidated financial statements regarding securities pledged as collateral for borrowings.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	8. ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss included in equity are as follows: SCHEDULE OF COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS March 31, December 31, 2022 2021 Unrealized net loss on pension plan $ (1,508,052 ) $ (1,524,228 ) Unrealized loss on securities available for sale (2,680,216 ) (383,327 ) Accumulated other comprehensive loss before taxes (4,188,268 ) (1,907,555 ) Tax effect 879,512 400,562 Accumulated other comprehensive loss $ (3,308,756 ) $ (1,506,993 )

REGULATORY CAPITAL

REGULATORY CAPITAL	3 Months Ended
	Mar. 31, 2022
REGULATORY CAPITAL	9. REGULATORY CAPITAL The Association is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional discretionary, actions by regulators, that if undertaken could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Association must meet specific capital guidelines that involve quantitative measures of the Association’s assets, liabilities, and certain off-balance-sheet items, as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Association to maintain minimum amounts and ratios of common equity Tier 1 capital, total and Tier 1 capital to risk-weighted assets, and Tier 1 capital to average assets, as defined in the regulations. As of March 31, 2022, and December 31, 2021, the Association exceeded all capital adequacy requirements to which it was subject (see tables below). There were no conditions or events since March 31, 2022 that management believes have changed the Association’s capital ratings. On January 1, 2015, the final rules implementing the Basel Committee on Banking Supervision capital guidelines for banking organizations (Basel III) regulatory capital framework and related Dodd-Frank Act changes became effective for the Association. These rules supersede the federal banking agencies’ general risk-based capital rules (Basel I). Full compliance with all of the final rule’s requirements was phased in over a multi-year transition period ending on January 1, 2020. Basel III revised minimum capital requirements and adjusted prompt corrective action thresholds. Under the final rules, minimum requirements increased for both the quantity and quality of capital held by the Association. The rules included a new common equity Tier 1 capital to risk-weighted assets ratio of 4.5 percent, raised the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0 percent to 6.0 percent, required a minimum ratio of total capital to risk-weighted assets of 8.0 percent, and required a minimum leverage ratio of 4.0 percent. A new capital conservation buffer, comprised of common equity Tier 1 capital, was also established above the regulatory minimum capital requirements. This conservation buffer was phased in beginning January 1, 2016 at 0.625 percent of risk-weighted assets and increased each subsequent year by an additional 0.625 percent until it reached its final level of 2.5 percent of risk-weighted assets on January 1, 2020. The final rule also revised the definition and calculation of Tier 1 capital, total capital and risk-weighted assets. The following table presents the Association’s actual capital positions and ratios at the dates indicated: SCHEDULE OF ACTUAL CAPITAL POSITIONS AND RATIOS To be Well To be Well Capitalized Under Capitalized With Minimum Capital Prompt Corrective Capital Conservation Actual Requirements Action Provisions Buffer Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars in Thousands) March 31, 2022 Tangible Capital $ 9,941 10.85 % $ 1,374 1.50 % N/A N/A N/A N/A Total Risked-based Capital 10,313 22.48 % 4,817 10.50 % 4,588 10.00 % 4,817 10.50 % Common Equity Tier 1 Capital 9,941 21.67 % 3,212 7.00 % 2,982 6.50 % 3,212 7.00 % Tier 1 Risk-based Capital 9,941 21.67 % 3,900 8.50 % 3,670 8.00 % 3,900 8.50 % Tier 1 Leverage Capital 9,941 10.85 % 3,664 4.00 % 4,580 5.00 % N/A N/A December 31, 2021 Tangible Capital $ 9,999 10.65 % $ 1,409 1.50 % N/A N/A N/A N/A Total Risked-based Capital 10,362 21.38 % 5,088 10.50 % 4,846 10.00 % 5,088 10.50 % Common Equity Tier 1 Capital 9,999 20.63 % 3,392 7.00 % 3,150 6.50 % 3,392 7.00 % Tier 1 Risk-based Capital 9,999 20.63 % 4,119 8.50 % 3,877 8.00 % 4,119 8.50 % Tier 1 Leverage Capital 9,999 10.65 % 3,757 4.00 % 4,696 5.00 % N/A N/A

FAIR VALUE MEASUREMENTS AND DIS

FAIR VALUE MEASUREMENTS AND DISCLOSURES	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS AND DISCLOSURES	10. FAIR VALUE MEASUREMENTS AND DISCLOSURES A. Fair Value Measurements The Accounting Standards Codification (“ASC”) Topic 820, “Fair Value Measurements and Disclosures,” defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. ASC Topic 820 applies only to fair value measurements already required or permitted by other accounting standards and does not impose requirements for additional fair value measures. ASC Topic 820 was issued to increase consistency and comparability in reporting fair values. The Company uses fair value measurements to record fair value adjustments to certain assets and to determine fair value disclosures. The Company did not have any liabilities that were measured at fair value at March 31, 2022 and December 31, 2021. Securities available-for-sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets or liabilities on a non-recurring basis, such as foreclosed real estate owned and certain impaired loans. These non-recurring fair value adjustments generally involve the write-down of individual assets due to impairment losses. In accordance with ASC Topic 820, the Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: ● Level 1 — Valuation is based upon quoted prices for identical instruments traded in active markets. ● Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. ● Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. The Company bases its fair values on the price that would be received to sell an asset in an orderly transaction between market participants at the measurement date. ASC Topic 820 requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Assets that are measured on a recurring basis are limited to the available-for-sale securities portfolio. The available-for-sale portfolio is carried at estimated fair value with any unrealized gains and losses, net of taxes, reported as accumulated other comprehensive income or loss in stockholders’ equity. Substantially all of the available-for-sale portfolio consists of investment securities issued by government-sponsored enterprises. The fair values for substantially all of these securities are obtained from an independent securities broker. Based on the nature of the securities, the securities broker provides the Company with prices which are categorized as Level 2 since quoted prices in active markets for identical assets are generally not available for the majority of securities in the portfolio. 10. FAIR VALUE MEASUREMENTS AND DISCLOSURES A. Fair Value Measurements The following table provides the level of valuation assumptions used to determine the carrying value of assets measured at fair value on a recurring basis at March 31, 2022 and December 31, 2021: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS Quoted Prices in Active Significant Significant Carrying Markets for Identical Observable Inputs Unobservable Inputs Description Value (Level 1) (Level 2) (Level 3) March 31, 2022: Securities available for sale $ 50,578,303 $ - $ 50,578,303 $ - December 31, 2021: Securities available for sale $ 53,411,654 $ - $ 53,411,654 $ - There were no assets measured at fair value on a non-recurring basis at March 31, 2022 and December 31, 2021. B. Fair Value Disclosures The following methods and assumptions were used by the Company in estimating fair values of financial instruments as disclosed herein. Cash and Cash Equivalents For cash and due from banks and federal funds sold, the carrying amount approximates the fair value (Level 1). Securities The fair value of securities is estimated based on bid quotations received from securities dealers, if available (Level 1). If a quoted market price was not available, fair value was estimated using quoted market prices of similar instruments, adjusted for differences between the quoted instruments and the instruments being valued (Level 2). FHLB Stock The fair value for FHLB stock is its carrying value, since this is the amount for which it could be redeemed. There is no active market for this stock, and the Company is required to maintain a minimum balance based upon the unpaid principal of home mortgage loans (Level 2). Loans Receivable Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as residential mortgage, commercial, and consumer. Each loan category is further segmented into fixed and adjustable rate interest terms and by performing and nonperforming categories (Level 3). Deposits The fair value of deposits with no stated maturity, such as non-interest-bearing demand deposits, savings, and NOW and money market accounts, is equal to the amount payable on demand (Level 1). The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits with similar remaining maturities (Level 2). 10. FAIR VALUE MEASUREMENTS AND DISCLOSURES B. Fair Value Disclosures Short-Term Borrowings The carrying amounts of federal funds purchased, and other short-term borrowings maturing within 90 days approximate their fair values. Fair values of other short-term borrowings are estimated using discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements (Level 1). Long-Term Borrowings The fair value of long-term borrowings is estimated using discounted cash flow analysis based on the current incremental borrowing rates for similar types of borrowing arrangements (Level 2). Off-Balance-Sheet Instruments In the ordinary course of business the Company has entered into off-balance-sheet financial instruments consisting of commitments to extend credit. Such financial instruments are recorded in the financial statements when they are funded. Their fair value would approximate fees currently charged to enter into similar agreements. The carrying values and estimated fair values of financial instruments are as follows (in thousands): SCHEDULE OF ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENT March 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value (In Thousands) Financial assets: Cash and cash equivalents $ 3,140 $ 3,140 $ 3,470 $ 3,470 Certificates of deposit 250 250 250 250 Securities held to maturity 416 422 417 431 Securities available for sale 50,578 50,578 53,412 53,412 Loans receivable 29,272 28,812 31,634 31,582 FHLB and other stock, at cost 192 192 197 197 Accrued interest receivable 417 417 414 414 Financial liabilities: Deposits 80,025 80,109 82,854 82,959 Borrowings 913 907 1,008 1,021 The fair value estimates are made at a discrete point in time based on relevant market information and information about the financial instruments. Fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Further, the foregoing estimates may not reflect the actual amount that could be realized if all or substantially all of the financial instruments were offered for sale. In addition, the fair value estimates were based on existing on-and-off balance sheet financial instruments without attempting to value the anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment and advances from borrowers for taxes and insurance. In addition, the tax ramifications related Finally, reasonable comparability between financial institutions may not be likely due to the wide range of permitted valuation techniques and numerous estimates which must be made given the absence of active secondary markets for many of the financial instruments. The lack of uniform valuation methodologies introduces a greater degree of subjectivity to these estimated fair values.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements are comprised of the accounts of Sunnyside Bancorp. Inc., and its wholly-owned subsidiary, Sunnyside Federal Savings and Loan Association of Irvington (“Sunnyside Federal” or the “Association”). All significant intercompany accounts and transactions have been eliminated in consolidation.
Business	Business Sunnyside Federal is a community-oriented savings institution whose primary business is accepting deposits from customers within its market area (Westchester County, New York) and investing those funds in mortgage loans secured by one-to-four family residences and in mortgage-backed and other securities. To a significantly lesser extent, funds are invested in multi-family and commercial mortgage loans, commercial loans, and consumer loans. Customer deposits are insured up to applicable limits by the Federal Deposit Insurance Corporation. As a federally-chartered savings association, Sunnyside Federal’s primary regulator is the Office of the Controller of the Currency (the “OCC”).
Basis of Financial Statement Presentation	Basis of Financial Statement Presentation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with instructions for Form 10-Q, and in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. However, such information presented reflects all adjustments (consisting solely of normal recurring adjustments), which are, in the opinion of the Company’s management, necessary for a fair statement of results for the interim period. The results of operations for the three months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ended December 31, 2022, or any other future interim period. The unaudited consolidated financial statements and notes thereto should be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2021 included in the Company’s annual report on Form 10-K.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, the Company considers all cash and amounts due from depository institutions and interest-bearing deposits in other depository institutions with original maturities of three months or less to be cash equivalents.
Investment and Mortgage-Backed Securities	Investment and Mortgage-Backed Securities Securities that the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity securities and reported at amortized cost. Securities classified as available-for-sale securities are reported at fair value, with unrealized holding gains or losses reported in a separate component of retained earnings. As of March 31, 2022, and December 31, 2021, the Company had no securities classified as held for trading. The Company conducts a periodic review and evaluation of the securities portfolio to determine if a decline in the fair value of any security below its cost basis is other-than-temporary. The evaluation of other-than-temporary impairment considers the duration and severity of the impairment, the Company’s intent and ability to hold the securities and assessments of the reason for the decline in value and the likelihood of a near-term recovery. If such a decline is deemed other-than-temporary, the security is written down to a new cost basis and the resulting loss is charged to income as a component of non-interest expense. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Investment and Mortgage-Backed Securities (Cont’d) Premiums and discounts on securities are amortized by use of the level-yield method, over the life of the individual securities. Gain or loss on sales of securities is based upon the specific identification method.
Loans Receivable	Loans Receivable Loans receivable are stated at unpaid principal balances less the allowance for loan losses and net deferred loan fees. Recognition of interest on the accrual method is generally discontinued when interest or principal payments are ninety days or more in arrears, or when other factors indicate that the collection of such amounts is doubtful. At that time, a loan is placed on a nonaccrual status, and all previously accrued and uncollected interest is reversed against interest income in the current period. Interest on such loans, if appropriate, is recognized as income when payments are received. A loan is returned to an accrual status when factors indicating doubtful collectability no longer exist.
Allowance for Loan Losses	Allowance for Loan Losses An allowance for loan losses is maintained at a level, to the best of management’s knowledge, to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate. Management of the Company, in determining the provision for loan losses considers the risks inherent in its loan portfolio and changes in the nature and volume of its loan activities, along with the general economic and real estate market conditions. The Company utilizes a two-tier approach: (1) identification of problem loans and establishment of specific loss allowances on such loans; and (2) establishment of general valuation allowances on the remainder of its loan portfolio. The Company maintains a loan review system which allows for a periodic review of its loan portfolio and the early identification of potential problem loans. Such system takes into consideration, among other things, delinquency status, size of loans, type of collateral, and financial condition of the borrowers. Specific loan losses are established for identified loans based on a review of such information and appraisals of the underlying collateral. General loan losses are based upon a combination of factors including, but not limited to, actual loan loss experience, composition of the loan portfolio, current economic conditions, and management’s judgment. Although management believes that adequate specific and general loan loss allowances are established, actual losses are dependent upon future events and, as such, further additions to the level of specific and general loan loss allowances may be necessary. A loan evaluated for impairment is deemed to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. An insignificant payment delay, which is defined as up to ninety days by the Company, will not cause a loan to be classified as impaired. A loan is not impaired during a period of delay in payment if the Company expects to collect all amounts due, including interest accrued at the contractual interest rate for the period of delay. The amount of loan impairment is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate or, as a practical expedient, at the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent. All loans identified as impaired are evaluated independently. The Company does not aggregate such loans for evaluation purposes. Payments received on impaired loans are applied first to accrued interest receivable and then to principal.
Operating, Accounting and Reporting Considerations related to COVID-19	Operating, Accounting and Reporting Considerations related to COVID-19 The COVID-19 pandemic has caused significant disruption to the national economy including New York and the tri-state area, resulting in many business sectors operating below capacity, increased unemployment levels and volatility in the financial markets. In response to the negative effects of COVID-19 on the U.S. economy, Congress enacted the Coronavirus Aide, Relief, and Economic Security Act (“CARES Act”), among other actions, in addition to monetary actions taken by the Federal Reserve, which provide for financial stimulus and government lending programs at unprecedented levels. The effects of these programs, as well as any potential additional stimulus, to support businesses and consumers remain uncertain. Some of the provisions of the CARES Act applicable to the Company include, but are not limited to: 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ● Accounting for Loan Modifications Loans Receivable, Net ● Paycheck Protection Program Loans Receivable, Net Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: ● Accounting for Loan Modifications Loans Receivable, Net ● Past Due Reporting ● Nonaccrual Status and Charge-offs
Federal Home Loan Bank of New York stock	Federal Home Loan Bank of New York stock As a member of the Federal Home Loan Bank of New York (“FHLB”), Sunnyside Federal is required to acquire and hold shares of FHLB Class B stock. The holding requirement varies based on Sunnyside Federal’s activities, primarily our outstanding borrowings, with the FHLB. The investment in FHLB stock is carried at cost. The Company conducts a periodic review and evaluation of its FHLB stock to determine if any impairment exists.
Premises and Equipment	Premises and Equipment Premises and equipment are comprised of land, building, and furniture, fixtures, and equipment, at cost, less accumulated depreciation. Depreciation charges are computed on the straight-line method over the following estimated useful lives: SCHEDULE OF PREMISES AND EQUIPMENT ESTIMATED USEFUL LIVES Building and improvements 5 40 Furniture, fixtures and equipment 2 10 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Bank-Owned Life Insurance	Bank-Owned Life Insurance Bank-owned life insurance (“BOLI”) is accounted for in accordance with FASB guidance. The cash surrender value of BOLI is recorded on the statement of financial condition as an asset and the change in the cash surrender value is recorded as non-interest income. The amount by which any death benefits received exceeds a policy’s cash surrender value is recorded in non-interest income at the time of receipt. A liability is also recorded on the statement of financial condition for postretirement death benefits provided by the split-dollar endorsement policy. A corresponding expense is recorded in non-interest expense for the accrual of benefits over the period during which employees provide services to earn the benefits.
Income Taxes	Income Taxes Federal and state income taxes have been provided on the basis of reported income. The amounts reflected on the tax return differ from these provisions due principally to temporary differences in the reporting of certain items for financial reporting and income tax reporting purposes. The tax effect of these temporary differences is accounted as deferred taxes applicable to future periods. Deferred income tax expense or benefit is determined by recognizing deferred tax assets and liabilities for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in earnings in the period that includes the enactment date. The realization of deferred tax assets is assessed and a valuation allowance provided, when necessary, for that portion of the asset which is not likely to be realized.
Employee Benefits	Employee Benefits Defined Benefit Plans: The accounting guidance related to retirement benefits requires an employer to: (a) recognize in its statement of financial position an asset for a plan’s overfunded status or a liability for a plan’s underfunded status; (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year; and (c) recognize, in comprehensive income, changes in the funded status of a defined benefit postretirement plan in the year in which the changes occur. The accounting guidance requires that plan assets and benefit obligations be measured as of the date of the employer’s fiscal year-end statement of financial condition. 401(k) Plan: The Company has a 401(k) plan covering substantially all employees. The Company matches 50 6 Employee Stock Ownership Plan: The employee stock ownership plan (ESOP) is accounted for in accordance with the provisions of ASC 718-40, “Employers’ Accounting for Employee Stock Ownership Plans.” The funds borrowed by the ESOP from the Company to purchase the Company’s common stock are being repaid from the Association’s contributions over a period of up to 25 Equity Incentive Plan: On July 17, 2014, the Board of Directors adopted the Sunnyside Bancorp, Inc. 2014 Equity Incentive Plan (the “Stock Incentive Plan”) which was approved by shareholders at the Company’s 2014 Annual Meeting of Shareholders held on September 16, 2014. Stock options and restricted stock may be granted to directors, officers and other employees of the Company. The maximum number of shares which may be issued upon exercise of the options under the plan cannot exceed 79,350 23,805 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Employee Benefits Equity Incentive Plan (Cont’d): The Stock Incentive Plan will remain in effect as long as any awards under it are outstanding; however, no awards may be granted under the Stock Incentive Plan on or after the 10-year anniversary of the effective date of the Stock Incentive Plan or July 17, 2024. On June 16, 2015, the Company granted 10,500 10.50 no
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities, and the actuarial gains and losses of the pension plan, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.
Concentration of Credit Risk and Interest-Rate Risk	Concentration of Credit Risk and Interest-Rate Risk Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents, investment and mortgage-backed securities and loans. Cash and cash equivalents include amounts placed with highly rated financial institutions. Investment securities include securities backed by the U.S. Government and other highly rated instruments. The Company’s lending activity is primarily concentrated in loans collateralized by real estate in the State of New York. As a result, credit risk is broadly dependent on the real estate market and general economic conditions in the State. The Company is principally engaged in the business of attracting deposits from the general public and using these deposits, together with borrowings and other funds, to make loans secured by real estate in the State of New York. The potential for interest-rate risk exists as a result of the shorter duration of the Company’s interest-sensitive liabilities compared to the generally longer duration of interest-sensitive assets. In a rising rate environment, liabilities will reprice faster than assets, thereby reducing net interest income. For this reason, management regularly monitors the maturity structure of the Company’s assets and liabilities in order to measure its level of interest-rate risk and to plan for future volatility.
Advertising Costs	Advertising Costs It is the Company’s policy to expense advertising costs in the period in which they are incurred.
Earnings Per Share	Earnings Per Share Basic earnings per common share, or EPS, are computed by dividing net income by the weighted-average common shares outstanding during the year. The weighted-average common shares outstanding includes the weighted-average number of shares of common stock outstanding less the weighted average number of unallocated shares held by the ESOP and the unvested shares of restricted stock. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options. Potential common shares related to stock options are determined using the treasury stock method. 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June, 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses” (Topic 326), which introduces new guidance for the accounting for credit losses on instruments within its scope. The new guidance introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale (AFS) debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. In April, 2019, FASB issued ASU 2019-04, “Codification Improvements to Topic 326, Financial Instruments—Credit Losses”. ASU 2019-04 made amendments to the following categories in ASU 2016-13 which include Accrued interest, transfers between classifications or categories for loans and debt securities, recoveries, reinsurance recoverables, projections of interest rate environments for variable-rate financial instruments, costs to sell when foreclosure is probable, consideration of expected prepayments when determining the effective interest rate, vintage disclosures and extension and renewal options. In May, 2019, FASB issued ASU 2019-05, “Financial Instruments - Credit Losses (Topic 326); Targeted Transition Relief”, ASU 2019-05 allows the Company to irrevocably elect, upon adoption of ASU 2016-13, the fair value option on financial instruments that (1) were previously recorded at amortized cost and (2) are within the scope of Topic 326 if the instruments are eligible for the fair value option under authoritative guidance for fair value. The fair value option election does not apply to held-to-maturity debt securities. We are required to make this election on an instrument-by-instrument basis. This ASU will be effective for public business entities that are a smaller reporting company in fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the impact of the pending adoption of the new standard on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842)”. Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Public business entities that are a smaller reporting company should apply the amendments in ASU 2016-02 for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early application is permitted for all public business entities upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The adoption of this guidance on January 1, 2022 did not have a material effect on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, “Financial Instruments-Credit Losses” (Topic 326), Troubled Debt Restructurings and Vintage Disclosures. This ASU addresses and amends areas identified by the FASB as part of its post-implementation review of the accounting standard that introduced the current expected credit losses model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the current expected credit losses model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require disclosure of current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. As the Company has not yet adopted the amendments in ASU 2016-13, ASU 2022-02 becomes effective in the first quarter of 2023. Management is assessing the impact that adoption of this standard will have on the Company’s financial condition and results of operations in conjunction with its assessment of the impact of ASU 2016-13. The Company expects to adopt this guidance on January 1, 2023.
Subsequent Events	Subsequent Events The Company evaluated its March 31, 2022 consolidated financial statements for subsequent events through the date the consolidated financial statements were issued. See also note 2 to the consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SCHEDULE OF PREMISES AND EQUIPMENT ESTIMATED USEFUL LIVES	SCHEDULE OF PREMISES AND EQUIPMENT ESTIMATED USEFUL LIVES Building and improvements 5 40 Furniture, fixtures and equipment 2 10

CERTIFICATES OF DEPOSIT (Tables

CERTIFICATES OF DEPOSIT (Tables)	3 Months Ended
	Mar. 31, 2022
Certificates Of Deposit
SCHEDULE OF FAIR VALUE OF CERTIFICATES BY REMAINING PERIOD TO CONTRACTUAL MATURITY	SCHEDULE OF FAIR VALUE OF CERTIFICATES BY REMAINING PERIOD TO CONTRACTUAL MATURITY March 31, December 31, 2022 2021 Maturing in: After one to five years $ 250,000 $ 250,000

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SCHEDULE OF HELD TO MATURITY AND AVAILABLE FOR SALE SECURITIES	SCHEDULE OF HELD TO MATURITY AND AVAILABLE FOR SALE SECURITIES March 31, 2022 Amortized Gross Unrealized Fair Cost Gains Losses Value Securities held to maturity: State, county, and municipal obligations $ 347,315 $ 5,145 $ - $ 352,460 Mortgage-backed securities 68,686 459 - 69,145 $ 416,001 $ 5,604 $ - $ 421,605 Securities available for sale: U.S. government and agency obligations $ 27,223,827 $ - $ 1,819,038 25,404,789 Mortgage-backed securities 26,034,692 22,077 883,255 25,173,514 $ 53,258,519 $ 22,077 $ 2,702,293 $ 50,578,303 December 31, 2021 Amortized Gross Unrealized Fair Cost Gains Losses Value Securities held to maturity: State, county, and municipal obligations $ 347,259 $ 12,872 $ - $ 360,131 Mortgage-backed securities 69,751 900 - 70,651 $ 417,010 $ 13,772 $ - $ 430,782 Securities available for sale: U.S. government and agency obligations $ 23,733,928 $ 2,337 $ 531,898 $ 23,204,367 Mortgage-backed securities 30,061,053 319,700 173,466 30,207,287 $ 53,794,981 $ 322,037 $ 705,364 $ 53,411,654
SCHEDULE OF AMORTIZED COST AND FAIR VALUE OF SECURITIES BY REMAINING PERIOD TO CONTRACTUAL MATURITY	SCHEDULE OF AMORTIZED COST AND FAIR VALUE OF SECURITIES BY REMAINING PERIOD TO CONTRACTUAL MATURITY March 31, 2022 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Within one year $ - $ - $ 14,580,973 $ 14,546,222 After one to five years - - 9,007,110 8,893,278 After five to ten years - - 3,847,856 3,633,655 After ten years 416,001 421,605 25,822,580 23,505,148 $ 416,001 $ 421,605 $ 53,258,519 $ 50,578,303 December 31, 2021 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Within one year $ - $ - $ 11,491,438 $ 11,494,360 After one to five years - - 11,613,287 11,611,187 After five to ten years - - 3,987,439 3,988,621 After ten years 417,010 430,782 26,702,817 26,317,486 $ 417,010 $ 430,782 $ 53,794,981 $ 53,411,654
SCHEDULE OF FAIR VALUES AND UNREALIZED LOSSES OF SECURITIES IN UNREALIZED LOSS POSITION	The following tables summarize the fair values and unrealized losses of securities with an unrealized loss at March 31, 2022 and December 31, 2021, segregated between securities that have been in an unrealized loss position for less than one year, or one year or longer, at the respective dates. SCHEDULE OF FAIR VALUES AND UNREALIZED LOSSES OF SECURITIES IN UNREALIZED LOSS POSITION March 31, 2022 Under One Year One Year or More Gross Gross Fair Unrealized Fair Unrealized Value Loss Value Loss Securities available for sale: U.S. government and agency obligations $ 15,662,208 $ 315,993 $ 9,742,582 $ 1,503,045 Mortgage-backed securities 17,864,021 313,841 5,127,943 569,414 $ 33,526,229 $ 629,834 $ 14,870,525 $ 2,072,459 5. SECURITIES December 31, 2021 Under One Year One Year or More Gross Gross Fair Unrealized Fair Unrealized Value Loss Value Loss Securities available for sale: U.S. government and agency obligations $ 16,758,164 $ 230,242 $ 5,943,867 $ 301,655 Mortgage-backed securities 3,921,160 42,236 3,667,750 131,231 $ 20,679,324 $ 272,478 $ 9,611,617 $ 432,886

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
SCHEDULE OF LOANS RECEIVABLE, NET	SCHEDULE OF LOANS RECEIVABLE, NET March 31, December 31, 2022 2021 Mortgage loans: Residential 1-4 family $ 10,628,776 $ 11,129,455 Commercial and multi-family 14,248,640 14,432,286 Home equity lines of credit 183,390 184,899 Total 25,060,806 25,746,640 Other loans: Passbook 11,558 14,700 Student 2,584,905 2,860,315 Commercial 2,005,834 3,446,409 Total 4,602,297 6,321,424 Total loans 29,663,103 32,068,064 Less: Deferred loan fees (costs and premiums), net 19,906 70,572 Allowance for loan losses 371,620 363,566 Total loans after deduction of Deferred loan fees (costs and premiums), net and allowance for loan losses 391,526 434,138 Total loans, net $ 29,271,577 $ 31,633,926
SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES	Activity in the allowance for loan losses is summarized as follows: SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES Three Months Ended March 31, 2022 2021 Balance at beginning of period $ 363,566 $ 400,995 Provision for loan losses 7,895 57,387 Charge-offs - (47,968 ) Recoveries 159 - Balance at end of period $ 371,620 $ 410,414
SCHEDULE OF CREDIT QUALITY INDICATORS BY PORTFOLIO SEGMENT	SCHEDULE OF CREDIT QUALITY INDICATORS BY PORTFOLIO SEGMENT March 31, 2022 Mortgage Loans Commercial Residential Real Estate and Home Commercial 1-4 Family Multi-Family Equity Student Other Total (In thousands) Pass $ 10,394 $ 12,261 $ 183 $ 2,482 $ 2,017 $ 27,337 Special Mention 235 788 - 103 - 1,126 Substandard - 1,200 - - - 1,200 Total $ 10,629 $ 14,249 $ 183 $ 2,585 $ 2,017 $ 29,663 6. LOANS RECEIVABLE, NET December 31, 2021 Mortgage Loans Commercial Residential Real Estate and Home Commercial 1-4 Family Multi-Family Equity Student Other Total (In thousands) Pass $ 10,894 $ 12,650 $ 185 $ 2,787 $ 3,461 $ 29,977 Special Mention 236 795 - 73 - 1,104 Substandard - 987 - - - 987 Total $ 11,130 $ 14,432 $ 185 $ 2,860 $ 3,461 $ 32,068
SCHEDULE OF INFORMATION ABOUT LOAN DELINQUENCIES	The following table provides information about loan delinquencies at the dates indicated: SCHEDULE OF INFORMATION ABOUT LOAN DELINQUENCIES March 31, 2022 90 Days 90 Days 30-59 60-89 or More Total or More Past Due Past Due Past Due Past Due Current Total and (In thousands) Residential 1-4 family $ - $ 40 $ 235 $ 275 $ 10,354 $ 10,629 $ Commercial real estate and multi-family - - 234 234 14,015 14,249 - Home equity lines of credit - - - - 183 183 - Student loans 34 - 30 64 2,521 2,585 - Commercial and other loans - - 25 25 1,992 2,017 - $ 34 $ 40 $ 524 $ 598 $ 29,065 $ 29,663 $ - December 31, 2021 90 Days 90 Days 30-59 60-89 or More Total or More Past Due Past Due Past Due Past Due Current Total and (In thousands) Residential 1-4 family $ - $ - $ 236 $ 236 $ 10,894 $ 11,130 $ Commercial real estate and multi-family - - 234 234 14,198 14,432 - Home equity lines of credit - - - - 185 185 - Student loans 30 - - 30 2,830 2,860 - Commercial and other loans - 4 37 41 3,420 3,461 - $ 30 $ 4 $ 507 $ 541 $ 31,527 $ 32,068 $ -
SCHEDULE OF LOANS ACCRUAL OF INCOME HAS BEEN DISCONTINUED AND LOANS PAST DUE BUT NOT CLASSIFIED AS NON-ACCRUAL	SCHEDULE OF LOANS ACCRUAL OF INCOME HAS BEEN DISCONTINUED AND LOANS PAST DUE BUT NOT CLASSIFIED AS NON-ACCRUAL March 31, December 31, 2022 2021 (In thousands) Residential 1-4 family $ 235 $ 236 Commercial real estate and multi-family 234 234 Home equity lines of credit - - Student loans 103 73 Other loans 25 37 Total non-accrual loans 597 580 Accruing loans delinquent 90 days or more - - Total non-performing loans $ 597 $ 580
SCHEDULE OF LOANS EVALUATED FOR IMPAIRMENT BY LOAN TYPE	The following table provides information about the Company’s impaired loans at March 31, 2022 and December 31, 2021 (in thousands): SCHEDULE OF LOANS EVALUATED FOR IMPAIRMENT BY LOAN TYPE March 31, 2022 Recorded Investment Unpaid Principal Balance Related Specific Allowance 1-4 residential $ 234 $ 234 $ - December 31, 2021 Recorded Investment Unpaid Principal Balance Related Specific Allowance 1-4 residential $ 235 $ 235 $ - 6. LOANS RECEIVABLE, NET The following tables provide information about the Company’s impaired loans for the three months ended March 31, 2022 and 2021 (in thousands): Three Months Ended Three Months Ended March 31, 2022 March 31, 2021 Average Recorded Investment Interest Income Received Average Recorded Investment Interest Income Received 1-4 residential $ 234 $ 3 $ 238 $ 3
SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES BY LOAN TYPE	The following tables present the activity in the allowance for loan losses by loan type for the periods indicated: SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES BY LOAN TYPE 1-4 Family Multi-Family Equity Student Other Total Three Months Ended March 31, 2022 Mortgage Loans Commercial Residential and Home 1-4 Family Multi-Family Equity Student Other Total (In thousands) Beginning balance $ 79 $ 128 $ 1 $ 147 $ 9 $ 364 Provision for loan losses (4 ) 2 - 10 - 8 Charge Offs - - - - - - Recoveries - - - - - - Ending Balance $ 75 $ 130 $ 1 $ 157 $ 9 $ 372 6. LOANS RECEIVABLE, NET 1-4 Family Multi-Family Equity Student Other Total Three Months Ended March 31, 2021 Mortgage Loans Commercial Residential and Home 1-4 Family Multi-Family Equity Student Other Total (In thousands) Beginning balance $ 98 $ 127 $ 1 $ 164 $ 11 $ 401 Provision for loan losses 2 7 - 49 (1 ) 57 Charge Offs - - (48 ) - (48 ) Ending Balance $ 100 $ 134 $ 1 $ 165 $ 10 $ 410

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
SCHEDULE OF COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS	The components of accumulated other comprehensive loss included in equity are as follows: SCHEDULE OF COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS March 31, December 31, 2022 2021 Unrealized net loss on pension plan $ (1,508,052 ) $ (1,524,228 ) Unrealized loss on securities available for sale (2,680,216 ) (383,327 ) Accumulated other comprehensive loss before taxes (4,188,268 ) (1,907,555 ) Tax effect 879,512 400,562 Accumulated other comprehensive loss $ (3,308,756 ) $ (1,506,993 )

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2022
SCHEDULE OF ACTUAL CAPITAL POSITIONS AND RATIOS	The following table presents the Association’s actual capital positions and ratios at the dates indicated: SCHEDULE OF ACTUAL CAPITAL POSITIONS AND RATIOS To be Well To be Well Capitalized Under Capitalized With Minimum Capital Prompt Corrective Capital Conservation Actual Requirements Action Provisions Buffer Amount Ratio Amount Ratio Amount Ratio Amount Ratio (Dollars in Thousands) March 31, 2022 Tangible Capital $ 9,941 10.85 % $ 1,374 1.50 % N/A N/A N/A N/A Total Risked-based Capital 10,313 22.48 % 4,817 10.50 % 4,588 10.00 % 4,817 10.50 % Common Equity Tier 1 Capital 9,941 21.67 % 3,212 7.00 % 2,982 6.50 % 3,212 7.00 % Tier 1 Risk-based Capital 9,941 21.67 % 3,900 8.50 % 3,670 8.00 % 3,900 8.50 % Tier 1 Leverage Capital 9,941 10.85 % 3,664 4.00 % 4,580 5.00 % N/A N/A December 31, 2021 Tangible Capital $ 9,999 10.65 % $ 1,409 1.50 % N/A N/A N/A N/A Total Risked-based Capital 10,362 21.38 % 5,088 10.50 % 4,846 10.00 % 5,088 10.50 % Common Equity Tier 1 Capital 9,999 20.63 % 3,392 7.00 % 3,150 6.50 % 3,392 7.00 % Tier 1 Risk-based Capital 9,999 20.63 % 4,119 8.50 % 3,877 8.00 % 4,119 8.50 % Tier 1 Leverage Capital 9,999 10.65 % 3,757 4.00 % 4,696 5.00 % N/A N/A

FAIR VALUE MEASUREMENTS AND D_2

FAIR VALUE MEASUREMENTS AND DISCLOSURES (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS	The following table provides the level of valuation assumptions used to determine the carrying value of assets measured at fair value on a recurring basis at March 31, 2022 and December 31, 2021: SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS Quoted Prices in Active Significant Significant Carrying Markets for Identical Observable Inputs Unobservable Inputs Description Value (Level 1) (Level 2) (Level 3) March 31, 2022: Securities available for sale $ 50,578,303 $ - $ 50,578,303 $ - December 31, 2021: Securities available for sale $ 53,411,654 $ - $ 53,411,654 $ -
SCHEDULE OF ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENT	The carrying values and estimated fair values of financial instruments are as follows (in thousands): SCHEDULE OF ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENT March 31, 2022 December 31, 2021 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value (In Thousands) Financial assets: Cash and cash equivalents $ 3,140 $ 3,140 $ 3,470 $ 3,470 Certificates of deposit 250 250 250 250 Securities held to maturity 416 422 417 431 Securities available for sale 50,578 50,578 53,412 53,412 Loans receivable 29,272 28,812 31,634 31,582 FHLB and other stock, at cost 192 192 197 197 Accrued interest receivable 417 417 414 414 Financial liabilities: Deposits 80,025 80,109 82,854 82,959 Borrowings 913 907 1,008 1,021

SCHEDULE OF PREMISES AND EQUIPM

SCHEDULE OF PREMISES AND EQUIPMENT ESTIMATED USEFUL LIVES (Details)	3 Months Ended
	Mar. 31, 2022
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	2 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	10 years

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - $ / shares	Jun. 16, 2015	Mar. 31, 2022	Jul. 17, 2014
Property, Plant and Equipment [Line Items]
Esop repayment period for common stock borrowed		25 years
Stock incentive plan, description		The Stock Incentive Plan will remain in effect as long as any awards under it are outstanding; however, no awards may be granted under the Stock Incentive Plan on or after the 10-year anniversary of the effective date of the Stock Incentive Plan or July 17, 2024.
Stock option outstanding		0
401(K) Plan [Member]
Property, Plant and Equipment [Line Items]
Employer matching contribution percent of match		50.00%
Maximum annual contributions per employee percent		6.00%
2014 Equity Incentive Plan [Member] | Share-Based Payment Arrangement, Option [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Number of shares which may be issued			79,350
2014 Equity Incentive Plan [Member] | Restricted Stock [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Number of shares which may be issued			23,805
Stock Incentive Plan 2014 [Member | Restricted Stock [Member] | Executive Officer [Member]
Property, Plant and Equipment [Line Items]
Number of shares granted	10,500
Grant date fair value, per share	$ 10.50

PLAN OF MERGER (Details Narrati

PLAN OF MERGER (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payments for merger related costs	$ 21,250	$ 361,010
Merger Agreement [Member] | DLP Bancshares [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Share price	$ 20.25
Stock issued during period, value, new issues	$ 16,100,000
Payment to obligation on termination fee	615,000
Merger Agreement [Member] | DLP Bancshares [Member] | Mr. Wenner [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payment to obligation on termination fee	$ 1,500,000

MUTUAL TO STOCK CONVERSION AN_2

MUTUAL TO STOCK CONVERSION AND LIQUIDATION ACCOUNT (Details Narrative)	Jul. 15, 2013USD ($)$ / sharesshares
Subsidiary, Sale of Stock [Line Items]
Shares of common stock sold | shares	793,500
ESOP [Member] | Subscription Offering [Member]
Subsidiary, Sale of Stock [Line Items]
Shares of common stock sold | shares	55,545
Sale of stock price per share | $ / shares	$ 10
Gross offering proceeds	$ 7,935,000
Conversion costs	845,000
Net proceeds after deducting shares acquired by ESOP	$ 6,500,000

SCHEDULE OF FAIR VALUE OF CERTI

SCHEDULE OF FAIR VALUE OF CERTIFICATES BY REMAINING PERIOD TO CONTRACTUAL MATURITY (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
After One to Five Years [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
After one to five years	$ 250,000	$ 250,000

SCHEDULE OF HELD TO MATURITY AN

SCHEDULE OF HELD TO MATURITY AND AVAILABLE FOR SALE SECURITIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Securities held to maturity: Amortized Cost	$ 416,001	$ 417,010
Securities held to maturity: Gross Unrealized Gains	5,604	13,772
Securities held to maturity: Gross Unrealized Losses
Securities held to maturity, fair value	421,605	430,782
Securities available for sale: Amortized Cost	53,258,519	53,794,981
Securities available for sale: Gross Unrealized Gains	22,077	322,037
Securities available for sale: Gross Unrealized Losses	2,702,293	705,364
Securities available for sale: Fair value	50,578,303	53,411,654
State, County and Municipal Obligations [Member]
Marketable Securities [Line Items]
Securities held to maturity: Amortized Cost	347,315	347,259
Securities held to maturity: Gross Unrealized Gains	5,145	12,872
Securities held to maturity: Gross Unrealized Losses
Securities held to maturity, fair value	352,460	360,131
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Securities held to maturity: Amortized Cost	68,686	69,751
Securities held to maturity: Gross Unrealized Gains	459	900
Securities held to maturity: Gross Unrealized Losses
Securities held to maturity, fair value	69,145	70,651
Securities available for sale: Amortized Cost	26,034,692	30,061,053
Securities available for sale: Gross Unrealized Gains	22,077	319,700
Securities available for sale: Gross Unrealized Losses	883,255	173,466
Securities available for sale: Fair value	25,173,514	30,207,287
U S Government And Agency Obligations [Member]
Marketable Securities [Line Items]
Securities available for sale: Amortized Cost	27,223,827	23,733,928
Securities available for sale: Gross Unrealized Gains		2,337
Securities available for sale: Gross Unrealized Losses	1,819,038	531,898
Securities available for sale: Fair value	$ 25,404,789	$ 23,204,367

SCHEDULE OF AMORTIZED COST AND

SCHEDULE OF AMORTIZED COST AND FAIR VALUE OF SECURITIES BY REMAINING PERIOD TO CONTRACTUAL MATURITY (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Held to Maturity, Within one year, Amortized Cost
Held to maturity, Within one year, Fair Value
Available for Sale, Within one year, Amortized Cost	14,580,973	11,491,438
Available for Sale, Within one year, Fair Value	14,546,222	11,494,360
Held to Maturity, After one to five years, Amortized Cost
Held to maturity, After one to five years, Fair Value
Available for Sale, After one to five years, Amortized Cost	9,007,110	11,613,287
Available for Sale, After one to five years, Fair Value	8,893,278	11,611,187
Held to Maturity, After five to ten years, Amortized Cost
Held to maturity, After one to five years, Fair Value
Available for Sale, After five to ten years, Amortized Cost	3,847,856	3,987,439
Available for Sale, After five to ten years, Fair Value	3,633,655	3,988,621
Held to Maturity, After ten years, Amortized Cost	416,001	417,010
Held to Maturity, After ten years, Fair Value	421,605	430,782
Available for Sale, After ten years, Amortized Cost	25,822,580	26,702,817
Available for Sale, After ten years, Fair Value	23,505,148	26,317,486
Held to Maturity, Amortized Cost	416,001	417,010
Held to Maturity, Fair Value	421,605	430,782
Available for Sale, Amortized Cost	53,258,519	53,794,981
Available for Sale, Fair Value	$ 50,578,303	$ 53,411,654

SCHEDULE OF FAIR VALUES AND UNR

SCHEDULE OF FAIR VALUES AND UNREALIZED LOSSES OF SECURITIES IN UNREALIZED LOSS POSITION (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Securities available for sale: Under One Year, Fair Value	$ 33,526,229	$ 20,679,324
Securities available for sale: Under One Year, Gross Unrealized Loss	629,834	272,478
Securities available for sale: One Year or More, Fair Value	14,870,525	9,611,617
Securities available for sale: One Year or More, Gross Unrealized Loss	2,072,459	432,886
U S Government And Agency Obligations [Member]
Marketable Securities [Line Items]
Securities available for sale: Under One Year, Fair Value	15,662,208	16,758,164
Securities available for sale: Under One Year, Gross Unrealized Loss	315,993	230,242
Securities available for sale: One Year or More, Fair Value	9,742,582	5,943,867
Securities available for sale: One Year or More, Gross Unrealized Loss	1,503,045	301,655
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Securities available for sale: Under One Year, Fair Value	17,864,021	3,921,160
Securities available for sale: Under One Year, Gross Unrealized Loss	313,841	42,236
Securities available for sale: One Year or More, Fair Value	5,127,943	3,667,750
Securities available for sale: One Year or More, Gross Unrealized Loss	$ 569,414	$ 131,231

SECURITIES (Details Narrative)

SECURITIES (Details Narrative)	3 Months Ended
	Mar. 31, 2022USD ($)Securities	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)Securities
Net Investment Income [Line Items]
Proceeds from Sale of Equity Securities, FV-NI	$ 0	$ 0
Proceeds from the sale of securities available for sale	$ 3,000,000
Number of securities in an unrealized loss position | Securities	40		16
Collateral Pledged [Member] | Federal Home Loan Bank [Member]
Net Investment Income [Line Items]
Available for sale securities pledged	$ 4,100,000
Government National Mortgage Association Certificates and Obligations (GNMA) [Member]
Net Investment Income [Line Items]
Mortgage-backed securities	383,000		$ 481,000
Federal National Mortgage Association Certificates and Obligations (FNMA) [Member]
Net Investment Income [Line Items]
Mortgage-backed securities	6,100,000		6,600,000
Federal Home Loan Mortgage Corporation Certificates and Obligations (FHLMC) [Member]
Net Investment Income [Line Items]
Mortgage-backed securities	10,000,000		10,400,000
Other Commercial Mortgage Backed Securities [Member]
Net Investment Income [Line Items]
Mortgage-backed securities	$ 9,600,000		$ 12,600,000

SCHEDULE OF LOANS RECEIVABLE, N

SCHEDULE OF LOANS RECEIVABLE, NET (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Total loans	$ 29,663,103	$ 32,068,064
Deferred loan fees (costs and premiums), net	19,906	70,572
Allowance for loan losses	371,620	363,566	$ 410,414	$ 400,995
Total loans after deduction of Deferred loan fees (costs and premiums), net and allowance for loan losses	391,526	434,138
Total loans, net	29,271,577	31,633,926
Student [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,585,000	2,860,000
Mortgage Loans Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	25,060,806	25,746,640
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total loans	10,628,776	11,129,455
Allowance for loan losses	75,000	79,000	100,000	98,000
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member]
Financing Receivable, Past Due [Line Items]
Total loans	14,248,640	14,432,286
Allowance for loan losses	130,000	128,000	$ 134,000	$ 127,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Lines of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total loans	183,390	184,899
Commercial and Other Loans Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total loans	4,602,297	6,321,424
Commercial and Other Loans Portfolio Segment [Member] | PassBook [Member]
Financing Receivable, Past Due [Line Items]
Total loans	11,558	14,700
Commercial and Other Loans Portfolio Segment [Member] | Student [Member]
Financing Receivable, Past Due [Line Items]
Total loans	2,584,905	2,860,315
Commercial and Other Loans Portfolio Segment [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,005,834	$ 3,446,409

SCHEDULE OF ACTIVITY IN ALLOWAN

SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Receivables [Abstract]
Beginning balance	$ 363,566	$ 400,995
Provision for loan losses	7,895	57,387
Charge-offs		(47,968)
Recoveries	159
Ending Balance	$ 371,620	$ 410,414

SCHEDULE OF CREDIT QUALITY INDI

SCHEDULE OF CREDIT QUALITY INDICATORS BY PORTFOLIO SEGMENT (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total	$ 29,663,103	$ 32,068,064
Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	27,337,000	29,977,000
Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total	1,126,000	1,104,000
Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total	1,200,000	987,000
Student Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,585,000	2,860,000
Student Loan [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	2,482,000	2,787,000
Student Loan [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total	103,000	73,000
Student Loan [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total
Mortgage Loans Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total	25,060,806	25,746,640
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total	10,628,776	11,129,455
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	10,394,000	10,894,000
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total	235,000	236,000
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total
Mortgage Loans Portfolio Segment [Member] | Commercial Real Estate and Multi-Family Mortgage Loans [Member]
Financing Receivable, Past Due [Line Items]
Total	14,249,000	14,432,000
Mortgage Loans Portfolio Segment [Member] | Commercial Real Estate and Multi-Family Mortgage Loans [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	12,261,000	12,650,000
Mortgage Loans Portfolio Segment [Member] | Commercial Real Estate and Multi-Family Mortgage Loans [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total	788,000	795,000
Mortgage Loans Portfolio Segment [Member] | Commercial Real Estate and Multi-Family Mortgage Loans [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total	1,200,000	987,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total	183,000	185,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	183,000	185,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total
Commercial and Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Total	2,017,000	3,461,000
Commercial and Other Loans [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Total	2,017,000	3,461,000
Commercial and Other Loans [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Total
Commercial and Other Loans [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Total

SCHEDULE OF INFORMATION ABOUT L

SCHEDULE OF INFORMATION ABOUT LOAN DELINQUENCIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 598,000	$ 541,000
Current Loans	29,065,000	31,527,000
Total Loans	29,663,103	32,068,064
90 Days or More Past Due and Accruing
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	34,000	30,000
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	40,000	4,000
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	524,000	507,000
Student [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	64,000	30,000
Current Loans	2,521,000	2,830,000
Total Loans	2,585,000	2,860,000
90 Days or More Past Due and Accruing
Student [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	34,000	30,000
Student [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Student [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	30,000
Mortgage Loans Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Total Loans	25,060,806	25,746,640
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	275,000	236,000
Current Loans	10,354,000	10,894,000
Total Loans	10,628,776	11,129,455
90 Days or More Past Due and Accruing
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	40,000
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	235,000	236,000
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	234,000	234,000
Current Loans	14,015,000	14,198,000
Total Loans	14,248,640	14,432,286
90 Days or More Past Due and Accruing
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	234,000	234,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Current Loans	183,000	185,000
Total Loans	183,000	185,000
90 Days or More Past Due and Accruing
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Commercial and Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	25,000	41,000
Current Loans	1,992,000	3,420,000
Total Loans	2,017,000	3,461,000
90 Days or More Past Due and Accruing
Commercial and Other Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due
Commercial and Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due		4,000
Commercial and Other Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due	$ 25,000	$ 37,000

SCHEDULE OF LOANS ACCRUAL OF IN

SCHEDULE OF LOANS ACCRUAL OF INCOME HAS BEEN DISCONTINUED AND LOANS PAST DUE BUT NOT CLASSIFIED AS NON-ACCRUAL (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total non-accrual loans	$ 597	$ 580
Accruing loans delinquent 90 days or more
Total non-performing loans	597	580
Student [Member]
Financing Receivable, Past Due [Line Items]
Total non-accrual loans	103	73
Accruing loans delinquent 90 days or more
Commercial and Other Loans [Member]
Financing Receivable, Past Due [Line Items]
Total non-accrual loans	25	37
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Total non-accrual loans	235	236
Accruing loans delinquent 90 days or more
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member]
Financing Receivable, Past Due [Line Items]
Total non-accrual loans	234	234
Accruing loans delinquent 90 days or more
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Total non-accrual loans
Accruing loans delinquent 90 days or more

SCHEDULE OF LOANS EVALUATED FOR

SCHEDULE OF LOANS EVALUATED FOR IMPAIRMENT BY LOAN TYPE (Details) - 1-4 Residential [Member] - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Recorded Investment	$ 234		$ 235
Unpaid Principal Balance	234		235
Related Specific Allowance
Average Recorded Investment	234	$ 238
Interest Income Recognized	$ 3	$ 3

SCHEDULE OF ACTIVITY IN ALLOW_2

SCHEDULE OF ACTIVITY IN ALLOWANCE FOR LOAN LOSSES BY LOAN TYPE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Past Due [Line Items]
Beginning balance	$ 363,566	$ 400,995
Provision for loan losses	7,895	57,387
Charge Offs		(48,000)
Recoveries
Ending Balance	371,620	410,414
Student Loan [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	147,000	164,000
Provision for loan losses	10,000	49,000
Charge Offs		(48,000)
Recoveries
Ending Balance	157,000	165,000
Mortgage Loans Portfolio Segment [Member] | Residential Mortgage [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	79,000	98,000
Provision for loan losses	(4,000)	2,000
Charge Offs
Recoveries
Ending Balance	75,000	100,000
Mortgage Loans Portfolio Segment [Member] | Commercial and Multi Family Mortgage Loans [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	128,000	127,000
Provision for loan losses	2,000	7,000
Charge Offs
Recoveries
Ending Balance	130,000	134,000
Mortgage Loans Portfolio Segment [Member] | Home Equity Line of Credit [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	1,000	1,000
Provision for loan losses
Charge Offs
Recoveries
Ending Balance	1,000	1,000
Other Loans Portfolio Segment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	9,000	11,000
Provision for loan losses		(1,000)
Charge Offs
Recoveries
Ending Balance	$ 9,000	$ 10,000

LOANS RECEIVABLE, NET (Details

LOANS RECEIVABLE, NET (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Outstanding principal balance	$ 964,000		$ 2,400,000
Unpaid principal balances of related party loans	107,000		110,000
Interest income on non-accrual loans	7,500	$ 7,900
Debt restructuring	233,734		$ 234,810
1-4 Family Residential [Member]
Financing Receivable, Past Due [Line Items]
Mortgage loan	547,000
Short-term loan concessions	$ 1,055,000

BORROWINGS (Details Narrative)

BORROWINGS (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank [Member]
Advance from loan	$ 912,677	$ 1,007,716
Debt instrument, interest rate	2.20%	2.20%
Debt instrument, maturity description	June 2024	June 2024
Line of credit borrowing capacity	$ 26,000,000
Atlantic Community Bankers Bank [Member]
Line of credit borrowing capacity	$ 2,000,000

SCHEDULE OF COMPONENTS OF ACCUM

SCHEDULE OF COMPONENTS OF ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss before taxes	$ (4,188,268)	$ (1,907,555)
Tax effect	879,512	400,562
Accumulated other comprehensive loss	(3,308,756)	(1,506,993)
Unrealized Net Loss on Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss before taxes	(1,508,052)	(1,524,228)
Unrealized Loss on Securities Available for Sale [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss before taxes	$ (2,680,216)	$ (383,327)

SCHEDULE OF ACTUAL CAPITAL POSI

SCHEDULE OF ACTUAL CAPITAL POSITIONS AND RATIOS (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Tangible Capital, Actual, Amount	$ 9,941	$ 9,999
Tangible Capital, Actual, Ratio	10.85	10.65
Tangible Capital, Minimum Capital Requirements, Amount	$ 1,374	$ 1,409
Tangible Capital, Minimum Capital Requirements, Ratio	1.50	1.50
Total Risked-based Capital, Actual, Amount	$ 10,313	$ 10,362
Total Risked-based Capital, Actual, Ratio	22.48	21.38
Total Risked-based Capital, Minimum Capital Requirements, Amount	$ 4,817	$ 5,088
Total Risked-based Capital, Minimum Capital Requirements, Ratio	10.50	10.50
Total Risked-based Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 4,588	$ 4,846
Total Risked-based Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10	10
Total Risked-based Capital, To be Well Capitalized With Capital Conservation Buffer, Amount	$ 4,817	$ 5,088
Total Risked-based Capital, To be Well Capitalized With Capital Conservation Buffer, Ratio	1050.00%	1050.00%
Common Equity Tier 1 Capital, Actual, Amount	$ 9,941	$ 9,999
Common Equity Tier 1 Capital, Actual, Ratio	21.67	20.63
Common Equity Tier 1 Capital, Minimum Capital Requirements, Amount	$ 3,212	$ 3,392
Common Equity Tier 1 Capital, Minimum Capital Requirements, Ratio	7	7
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 2,982	$ 3,150
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50	6.50
Common Equity Tier 1 Capital, To be Well Capitalized With Capital Conservation Buffer, Amount	$ 3,212	$ 3,392
Common Equity Tier 1 Capital, To be Well Capitalized With Capital Conservation Buffer, Ratio	7	7
Tier 1 Risk-based Capital, Actual, Amount	$ 9,941	$ 9,999
Tier 1 Risk-based Capital, Actual, Ratio	21.67	20.63
Tier 1 Risk-based Capital, Minimum Capital Requirements, Amount	$ 3,900	$ 4,119
Tier 1 Risk-based Capital, Minimum Capital Requirements, Ratio	8.50	8.50
Tier 1 Risk-based Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 3,670	$ 3,877
Tier 1 Risk-based Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8	8
Tier 1 Risk-based Capital, To be Well Capitalized With Capital Conservation Buffer, Amount	$ 3,900	$ 4,119
Tier 1 Risk-based Capital, To be Well Capitalized With Capital Conservation Buffer, Ratio	8.50	8.50
Tier 1 Leverage Capital, Actual, Amount	$ 9,941	$ 9,999
Tier 1 Leverage Capital, Actual, Ratio	0.1085	10.65
Tier 1 Leverage Capital, Minimum Capital Requirements, Amount	$ 3,664	$ 3,757
Tier 1 Leverage Capital, Minimum Capital Requirements, Ratio	4	4
Tier 1 Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 4,580	$ 4,696
Tier 1 Leverage Capital, To be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5	5

REGULATORY CAPITAL (Details Nar

REGULATORY CAPITAL (Details Narrative)	3 Months Ended
	Mar. 31, 2022
Regulatory capital description	The rules included a new common equity Tier 1 capital to risk-weighted assets ratio of 4.5 percent, raised the minimum ratio of Tier 1 capital to risk-weighted assets from 4.0 percent to 6.0 percent, required a minimum ratio of total capital to risk-weighted assets of 8.0 percent, and required a minimum leverage ratio of 4.0 percent. A new capital conservation buffer, comprised of common equity Tier 1 capital, was also established above the regulatory minimum capital requirements. This conservation buffer was phased in beginning January 1, 2016 at 0.625 percent of risk-weighted assets and increased each subsequent year by an additional 0.625 percent until it reached its final level of 2.5 percent of risk-weighted assets on January 1, 2020. The final rule also revised the definition and calculation of Tier 1 capital, total capital and risk-weighted assets.

SCHEDULE OF ASSETS MEASURED AT

SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON RECURRING BASIS (Details) - Fair Value, Recurring [Member] - Available-for-Sale Securities [Member] - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	$ 50,578,303	$ 53,411,654
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets	50,578,303	53,411,654
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of assets

SCHEDULE OF ESTIMATED FAIR VALU

SCHEDULE OF ESTIMATED FAIR VALUES OF FINANCIAL INSTRUMENT (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Securities held to maturity	$ 421,605	$ 430,782
Securities available for sale	50,578,303	53,411,654
Reported Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	3,140,000	3,470,000
Certificates of deposit	250,000	250,000
Securities held to maturity	416,000	417,000
Securities available for sale	50,578,000	53,412,000
Loans receivable	29,272,000	31,634,000
FHLB and other stock, at cost	192,000	197,000
Accrued interest receivable	417,000	414,000
Deposits	80,025,000	82,854,000
Borrowings	913,000	1,008,000
Estimate of Fair Value Measurement [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash and cash equivalents	3,140,000	3,470,000
Certificates of deposit	250,000	250,000
Securities held to maturity	422,000	431,000
Securities available for sale	50,578,000	53,412,000
Loans receivable	28,812,000	31,582,000
FHLB and other stock, at cost	192,000	197,000
Accrued interest receivable	417,000	414,000
Deposits	80,109,000	82,959,000
Borrowings	$ 907,000	$ 1,021,000