Farmers and Merchants Bancshares (FMFG) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 11, 2023
Document Information [Line Items]
Entity Central Index Key	0001698022
Entity Registrant Name	Farmers & Merchants Bancshares, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	000-55756
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	81-3605835
Entity Address, Address Line One	4510 Lower Beckleysville Road, Suite H
Entity Address, City or Town	Hampstead
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21074
City Area Code	410
Local Phone Number	374-1510
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		3,090,368

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Cash and due from banks	$ 11,034,175	$ 6,414,822
Federal funds sold and other interest-bearing deposits	1,253,343	848,715
Cash and cash equivalents	12,287,518	7,263,537
Certificates of deposit in other banks	100,000	100,000
Securities available for sale, at fair value	119,760,780	126,314,449
Securities held to maturity, at amortized cost less allowance for credit losses of $50,445 and $0	20,188,458	20,508,997
Equity security, at fair value	493,489	489,145
Restricted stock, at cost	1,077,500	1,332,500
Mortgage loans held for sale	0	428,355
Loans, less allowance for credit losses of $4,646,836 and $4,150,198	530,999,092	516,920,540
Premises and equipment, net	6,054,185	6,186,594
Accrued interest receivable	1,825,427	1,815,784
Deferred income taxes, net	8,746,561	8,392,658
Other real estate owned, net	1,242,365	1,242,365
Bank owned life insurance	14,757,189	14,585,342
Goodwill and other intangibles, net	7,038,588	7,042,752
Other assets	5,690,973	5,587,654
Assets	730,262,125	718,210,672
Deposits:
Noninterest-bearing	120,971,669	126,695,349
Interest-bearing	510,839,221	496,915,775
Total deposits	631,810,890	623,611,124
Securities sold under repurchase agreements	4,062,938	5,175,303
Federal Home Loan Bank of Atlanta advances	14,000,000	20,000,000
Federal Reserve Bank advances	10,000,000	0
Long-term debt, net of issuance costs	14,154,010	15,095,642
Accrued interest payable	1,120,963	349,910
Other liabilities	5,279,080	6,203,730
Liabilities	680,427,881	670,435,709
Stockholders' equity:
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,090,368 shares in 2023 and 3,071,214 in 2022	30,904	30,712
Additional paid-in capital	29,941,488	29,549,914
Retained earnings	37,508,400	35,300,166
Accumulated other comprehensive loss	(17,646,548)	(17,105,829)
Equity, Attributable to Parent	49,834,244	47,774,963
Liabilities and Equity	$ 730,262,125	$ 718,210,672

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Held-to-Maturity, Allowance for Credit Loss	$ 50,445	$ 0
Loans, allowance for credit loss	$ 4,646,836	$ 4,150,198
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	5,000,000	5,000,000
Common stock, share issued (in shares)	3,090,368	3,071,214
Common stock, share outstanding (in shares)	3,090,368	3,071,214

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income:
Loans, including fees	$ 6,368,721	$ 5,370,350	$ 12,414,269	$ 11,053,712
Investment securities - taxable	769,999	742,087	1,532,207	1,386,548
Investment securities - tax exempt	139,528	140,823	279,372	290,310
Federal funds sold and other interest earning assets	105,974	21,887	210,903	34,302
Total interest income	7,384,222	6,275,147	14,436,751	12,764,872
Interest expense:
Deposits	1,735,965	319,204	2,770,816	657,764
Securities sold under repurchase agreements	7,501	2,433	11,839	5,684
Federal Home Loan Bank advances	208,536	12,588	412,983	25,038
Federal Reserve Bank advances	13,000	0	13,263	0
Long-term debt	148,390	168,737	299,952	340,112
Total interest expense	2,113,392	502,962	3,508,853	1,028,598
Net interest income	5,270,830	5,772,185	10,927,898	11,736,274
Recovery of credit losses	(225,000)	0	(495,000)	0
Net interest income after recovery of credit losses	5,495,830	5,772,185	11,422,898	11,736,274
Noninterest income:
Mortgage banking income	33,636	64,986	58,929	187,674
Bank owned life insurance income	88,742	56,266	171,847	109,256
Fair value adjustment on equity security	(7,341)	(18,096)	(1,574)	(44,913)
Gain on sale of SBA loans	0	64,523	0	158,123
Total noninterest income	403,250	441,641	785,664	937,448
Noninterest expense:
Salaries	1,850,494	1,928,257	3,726,938	3,668,652
Employee benefits	541,173	437,615	1,135,230	949,407
Occupancy	202,147	213,238	416,263	441,665
Furniture and equipment	252,924	224,593	492,651	439,208
Other	838,909	764,883	1,672,000	1,869,252
Total noninterest expense	3,685,647	3,568,586	7,443,082	7,368,184
Income before income taxes	2,213,433	2,645,240	4,765,480	5,305,538
Income taxes	543,316	594,507	1,194,512	1,204,003
Net income	$ 1,670,117	$ 2,050,733	$ 3,570,968	$ 4,101,535
Earnings per share - basic and diluted (in dollars per share)	$ 0.54	$ 0.67	$ 1.16	$ 1.35
Deposit Account [Member]
Noninterest income:
Noninterest revenue	$ 204,726	$ 191,727	$ 391,433	$ 373,193
Financial Service, Other [Member]
Noninterest income:
Noninterest revenue	$ 83,487	$ 82,235	$ 165,029	$ 154,115

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 1,670,117	$ 2,050,733	$ 3,570,968	$ 4,101,535
Other comprehensive loss, net of income taxes:
Net unrealized loss arising during the period	(2,719,663)	(7,542,338)	(765,014)	(16,462,801)
Total unrealized loss on investment securities available for sale	(2,719,663)	(7,542,338)	(765,014)	(16,462,801)
Income tax benefit	748,382	2,075,462	224,295	4,530,152
Total other comprehensive loss	(1,971,281)	(5,466,876)	(540,719)	(11,932,649)
Total comprehensive (loss) income	$ (301,164)	$ (3,416,143)	$ 3,030,249	$ (7,831,114)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2021						3,037,137
Balance at Dec. 31, 2021						$ 30,372	$ 28,857,422	$ 29,128,600	$ (1,394,936)	$ 56,621,458
Net income						0	0	4,101,535	0	4,101,535
Other comprehensive loss						0	0	0	(11,932,649)	(11,932,649)
Cash dividends, $0.31 per share						$ 0	0	(941,580)	0	(941,580)
Dividends reinvested (in shares)						16,350
Dividends reinvested						$ 163	340,053	0	0	340,216
Balance (in shares) at Jun. 30, 2022						3,053,487
Balance at Jun. 30, 2022						$ 30,535	29,197,475	32,288,555	(13,327,585)	48,188,980
Balance (in shares) at Mar. 31, 2022						3,037,137
Balance at Mar. 31, 2022						$ 30,372	28,857,422	31,179,402	(7,860,709)	52,206,487
Net income						0	0	2,050,733	0	2,050,733
Other comprehensive loss						0	0	0	(5,466,876)	(5,466,876)
Cash dividends, $0.31 per share						$ 0	0	(941,580)	0	(941,580)
Dividends reinvested (in shares)						16,350
Dividends reinvested						$ 163	340,053	0	0	340,216
Balance (in shares) at Jun. 30, 2022						3,053,487
Balance at Jun. 30, 2022						$ 30,535	29,197,475	32,288,555	(13,327,585)	48,188,980
Balance (in shares) at Dec. 31, 2022						3,071,214
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 0	$ 0	$ (341,392)	$ 0	$ (341,392)					49,834,244
Balance at Dec. 31, 2022						$ 30,712	29,549,914	35,300,166	(17,105,829)	47,774,963
Net income						0	0	3,570,968	0	3,570,968
Other comprehensive loss						0	0	0	(540,719)	(540,719)
Cash dividends, $0.31 per share						$ 0	0	(1,013,499)	0	(1,013,499)
Dividends reinvested (in shares)						19,154
Dividends reinvested						$ 192	391,574	(7,843)	0	383,923
Balance (in shares) at Jun. 30, 2023						3,090,368
Balance at Jun. 30, 2023						$ 30,904	29,941,488	37,508,400	(17,646,548)	49,834,244
Balance (in shares) at Mar. 31, 2023						3,071,214
Balance at Mar. 31, 2023						$ 30,712	29,549,914	36,851,782	(15,675,267)	50,757,141
Net income						0	0	1,670,117	0	1,670,117
Other comprehensive loss						0	0	0	(1,971,281)	(1,971,281)
Cash dividends, $0.31 per share						$ 0	0	(1,013,499)	0	(1,013,499)
Dividends reinvested (in shares)						19,154
Dividends reinvested						$ 192	391,574	0	0	391,766
Balance (in shares) at Jun. 30, 2023						3,090,368
Balance at Jun. 30, 2023						$ 30,904	$ 29,941,488	$ 37,508,400	$ (17,646,548)	$ 49,834,244

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Cash dividends, per share (in dollars per share)	$ 0.31	$ 0.31	$ 0.31	$ 0.31

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Reconciliation of net income to net cash provided by operating activities
Net income	$ 3,570,968	$ 4,101,535
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	256,738	232,905
Recovery of credit losses	(495,000)	0
Amortization (accretion) of right of use asset	(2,245)	3,567
Equity security dividends reinvested	(5,918)	(2,970)
Unrealized loss on equity security	1,574	44,913
Gain on sale of SBA loans	0	(158,123)
Gain on sale of premises and equipment	(9,000)	0
Gain on fair value hedge	(32,005)	0
Amortization of debt issuance costs	2,812	2,812
Amortization of premiums and (accretion of discounts), net	12,127	(217,364)
Bank owned life insurance cash surrender value	(171,847)	(109,256)
Increase (decrease) in
Deferred loan fees and costs, net	8,295	(154,672)
Accrued interest payable	771,053	(27,161)
Other liabilities	(896,980)	(741,433)
Decrease (increase) in
Mortgage loans held for sale	428,355	126,500
Accrued interest receivable	(9,643)	21,693
Other assets	(125,480)	(332,782)
Net cash provided by operating activities	3,303,804	2,790,164
Cash flows from investing activities
Proceeds from maturity and call of securities, Available for sale	5,612,435	12,541,788
Proceeds from maturity and call of securities, Held to maturity	330,000	1,355,000
Purchase of securities, Available for sale	0	(18,235,716)
Purchases of certificates of deposit	0	250,000
Loans made to customers, net of principal collected	(13,951,062)	(9,657,312)
Proceeds from sale of loans	0	1,250,154
Redemption (purchase) of stock in FHLB of Atlanta	255,000	(19,600)
Proceeds from sale of premises and equipment	9,000	0
Purchases of premises, equipment and software	(102,439)	(179,836)
Net cash used in investing activities	(7,847,066)	(12,695,522)
Cash flows from financing activities
Noninterest-bearing deposits	(5,723,680)	11,020,432
Interest-bearing deposits	13,977,308	(7,875,328)
Securities sold under repurchase agreements	(1,112,365)	235,419
Federal Reserve Bank advances	10,000,000	0
Federal Home Loan Bank of Atlanta advances	(6,000,000)	0
Long-term debt principal payments	(944,444)	(944,443)
Dividends paid, net of reinvestments	(629,576)	(601,364)
Net cash provided by financing activities	9,567,243	1,834,716
Net (decrease) increase in cash and cash equivalents	5,023,981	(8,070,642)
Cash and cash equivalents at beginning of period	7,263,537	26,462,106
Cash and cash equivalents at end of period	12,287,518	18,391,464
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	2,784,686	1,136,260
Cash paid during the period for income taxes	1,300,848	1,906,122
Net unrealized loss on securities available for sale	$ (857,909)	$ (16,462,801)

Note 1 - Principles of Consolid

Note 1 - Principles of Consolidation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Principles of consolidation The consolidated financial statements include the accounts of Farmers and Merchants Bancshares, Inc. and its wholly owned subsidiaries, Farmers and Merchants Bank (the “Bank”), and Series Protected Cell FCB- 4 one

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	2. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10 8 03 X. not three six June 30, 2023 not may December 31, 2023 December 31, 2022, 10 December 31, 2022 Recent Accounting Pronouncements Management has the responsibility for the selection and use of appropriate accounting policies. The significant accounting policies used by the Company are described in the notes to the consolidated financial statements. The following accounting guidance has been approved by the Financial Accounting Standards Board (“FASB”) and would apply to the Company if the Company entered into an applicable activity. In March 2020, 2020 04, 848 2020 04 March 12, 2020 December 31, 2022. June 30, 2023, In December 2022, 2022 06, 848 848”. 2022 06 848. 848 848 2021, June 30, 2023. 848 may 848 December 31, 2022, December 31, 2024, no 848. The ASU is effective for all entities upon issuance. As of June 30, 2023, Recently Adopted Accounting Developments During June 2016, 2016 13, 326 2016 13 January 1, 2023. The Company is utilizing a third 326, not may In March 2022, 2022 02, 326 2022 02 2016 13 2022 02 January 1, 2023. In March 2022, 2022 01, 815 2022 01 815 2017, 2017 12 one not 2022 01 2022 01 January 1, 2023. February 2023 June 30, 2023, no Summary of Significant Accounting Policies There have been no 10 Allowance for Credit Losses. As further discussed below, we adopted ASU 2016 13, 326 January 1, 2020. 326 326, Allowance for Credit Losses - Held-to-Maturity Securities: The allowance for credit losses on held-to-maturity securities is a contra-asset valuation account, calculated in accordance with ASC Topic 326, 3 Allowance For Credit Losses - Available-for-Sale Securities: For available-for-sale securities in an unrealized loss position, we first not not 2016 13, January 1, 2023, Allowance for Credit Losses - Loans: The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC Topic 326, not The amount of the allowance represents management's best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectability over the loans' contractual terms, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless (i) management has a reasonable expectation that a loan to an individual borrower that is experiencing financial difficulty will be modified or (ii) such extension or renewal options are not may not not Credit loss expense related to loans reflects the totality of actions taken on all loans for a particular period including any necessary increases or decreases in the allowance related to changes in credit loss expectations associated with specific loans or pools of loans. Portions of the allowance may In calculating the allowance for credit losses, most loans are segmented into pools based upon similar characteristics and risk profiles. Common characteristics and risk profiles include the type/purpose of loan, underlying collateral, and historical/expected credit loss patterns. For modeling purposes, our loan pools include (i) commercial real estate - owner occupied, (ii) commercial real estate - non-owner occupied, (iii) construction/land development, (iv) residential – multifamily, (v) residential – single family (vi) residential – single family home equity, (vii) commercial and industrial (viii) consumer and other. We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. The average charge-off method calculates an estimate of losses based upon past experience which is applied prospectively across the life of each loan. This method allows for analysis and calculation on a note-by-note basis due to the CECL model calculating future cash flows at the individual note level based upon note characteristics. A forward balance is calculated from each note’s prior period balance, less monthly principal paydown and prepayment amount. The Company utilizes its own loss data as the source for its historical loss calculations within the CECL model, where appropriate. This information is sourced from call report data and spans back to an effective start date of March 31, 2000. one may may no March 31, 2000 The measurement of expected credit losses is impacted by loan/borrower attributes and certain macroeconomic variables. Significant loan/borrower attributes utilized in our modeling processes include, among other things, (i) origination date, (ii) maturity date, (iii) payment type, (iv) collateral type and amount, (v) current risk grade, (vi) current unpaid balance and commitment utilization rate, (vii) payment status/delinquency history and (viii) expected recoveries of previously charged-off amounts. Management qualitatively adjusts model results for risk factors that are not may may In some cases, management may Allowance for Credit Losses - Off-Balance-Sheet Credit Exposures: The allowance for credit losses on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC Topic 326, No The table below provides the impact of the implementation of ASC Topic 326: December 31, 2022 January 1, 2023 Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets: Loans, gross $ 521,679,143 $ 233,411 $ 521,912,554 Allowance for credit losses: Loans: Real estate: Commercial 2,818,582 (350,838 ) 2,467,744 Construction and land development 164,596 280,179 444,775 Residential 793,919 538,435 1,332,354 Commercial 337,303 135,200 472,503 Consumer 4,706 (4,537 ) 169 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 567,347 4,717,545 Loans, net 517,528,945 (333,936 ) 517,195,009 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 129,607 129,607 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 85,073 85,073 Total equity $ 49,834,244 $ (341,392 ) $ 49,492,852 Derivative Financial Instruments: At the inception of a derivative contract, the Company designates the derivative as one three three no not not Accrued settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Accrued settlements on derivatives not not The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no no no no When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a fair value hedge is discontinued, the hedged asset or liability is no The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements. All the contracts to which the Company is a party settle monthly or quarterly. In addition, the Company obtains collateral above certain thresholds of the fair value of its derivatives for each counterparty based upon their credit standing and the Company has netting agreements with the dealers with which it does business. The Company’s derivative financial instruments are described more fully in Note 7. The accounting policies adopted by management are consistent with authoritative GAAP and are consistent with those followed by our peers.

Note 3 - Investment Securities

Note 3 - Investment Securities	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investment Securities Investments in debt securities are summarized as follows: Amortized Unrealized Unrealized Fair Allowance for Net Carrying June 30, 2023 cost gains losses value Credit Losses Amount Available for sale State and municipal $ 500,000 $ - $ 22,335 $ 477,665 $ - $ 477,665 SBA pools 889,827 1,491 13,312 878,006 - 878,006 Corporate bonds 10,383,317 - 1,393,826 8,989,491 - 8,989,491 Mortgage-backed securities 132,395,044 - 22,979,426 109,415,618 - 109,415,618 $ 144,168,188 $ 1,491 $ 24,408,899 $ 119,760,780 $ - $ 119,760,780 Held to maturity State and municipal $ 20,238,903 $ 3,788 $ 1,514,419 $ 18,728,272 $ 50,445 $ 20,188,458 Amortized Unrealized Unrealized Fair December 31, 2022 cost gains losses value Available for sale State and municipal $ 570,122 $ - $ 17,841 $ 552,281 SBA pools 1,033,606 1,425 15,234 1,019,797 Corporate bonds 10,414,146 - 1,024,250 9,389,896 Mortgage-backed securities 137,896,519 - 22,544,044 115,352,475 $ 149,914,393 $ 1,425 $ 23,601,369 $ 126,314,449 Held to maturity State and municipal $ 20,508,997 $ 4,176 $ 1,633,378 $ 18,879,795 The allowance for credit losses on held-to-maturity securities is a contra-asset valuation account that is deducted from the amortized cost basis of held-to-maturity securities to present the net amount expected to be collected. Management measures expected credit losses on held-to-maturity securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. With regard to securities issued by States and political subdivisions, management considers (i) issuer bond ratings, (ii) historical loss rates for given bond ratings, (iii) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities, and (iv) internal forecasts. Unrated bonds were underwritten similar to commercial loans and the financial condition of the issuer is monitored periodically. Expectedcredit losses on commercial loans are applied to unrated bonds. The following table summarizes Moody's and/or Standard & Poor's bond ratings (Company’s primary credit quality indicator) for our portfolio of held-to-maturity securities issued by states and political subdivisions as of June 30, 2023 June 30, 2023 AAA 2,778,312 AA 10,392,194 A 3,800,050 BAA 247,767 Not rated 3,020,580 Total 20,238,903 Historical loss rates associated with securities having similar grades as those in our portfolio have generally not June 30, 2023, no none The following table details activity in the allowance for credit losses on held-to-maturity securities since December 31, 2022: Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 Beginning balance $ 60,592 $ - Impact of adopting ASC 326 - 51,990 Credit loss expense (recovery) (10,147 ) (1,545 ) Ending balance $ 50,445 $ 50,445 Contractual maturities, shown below, will differ from actual maturities because borrowers and issuers may Available for Sale Held to Maturity Amortized Fair Amortized Fair June 30, 2023 cost value cost value Within one year $ 1,009,346 $ 988,430 $ - $ - Over one to five years 2,554,552 2,374,395 477,767 472,557 Over five to ten years 7,319,419 6,104,331 3,508,370 3,368,685 Over ten years - - 16,252,766 14,887,030 10,883,317 9,467,156 20,238,903 18,728,272 Mortgage-backed securities and SBA pools, due in monthly installments 133,284,871 110,293,624 - - $ 144,168,188 $ 119,760,780 $ 20,238,903 $ 18,728,272 Securities with a carrying value of $50,425,933 and $24,258,980 as of June 30, 2023 December 31, 2022, During the six June 30, 2023 2022, The following table sets forth the Company’s gross unrealized losses on a continuous basis for investments in available for sale debt securities, by category and length of time, at June 30, 2023 December 31, 2022. June 30, 2023 Less than 12 months 12 months or more Total Description of investments Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State and municipal $ 243,183 $ 6,817 $ 234,482 $ 15,518 $ 477,665 $ 22,335 SBA pools - - 732,115 13,312 732,115 13,312 Corporate bonds 1,197,336 209,701 7,792,155 1,184,125 8,989,491 1,393,826 Mortgage-backed securities 3,173,528 154,638 106,242,090 22,824,788 109,415,618 22,979,426 Total $ 4,614,047 $ 371,156 $ 115,000,842 $ 24,037,743 $ 119,614,889 $ 24,408,899 December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 13,668,676 $ 1,057,412 $ 1,537,715 $ 593,807 $ 15,206,391 $ 1,651,219 SBA pools - - 857,259 15,234 857,259 15,234 Corporate bonds 4,184,875 356,746 4,805,021 667,504 8,989,896 1,024,250 Mortgage-backed securities 25,284,430 2,293,151 90,068,045 20,250,893 115,352,475 22,544,044 Total $ 43,137,981 $ 3,707,309 $ 97,268,040 $ 21,527,438 $ 140,406,021 $ 25,234,747

Note 4 - Loans and Allowance fo

Note 4 - Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	4. Loans and allowance for credit losses Major categories of loans are as follows: June 30, December 31, 2023 2022 Real estate: Commercial $ 367,211,191 $ 351,794,702 Construction and land development 24,940,684 23,978,373 Residential 112,054,777 114,683,149 Commercial 31,873,881 31,066,497 Consumer 182,095 156,422 536,262,628 521,679,143 Less: Allowance for credit losses 4,646,836 4,150,198 Deferred origination fees net of costs 616,700 608,405 $ 530,999,092 $ 516,920,540 The following tables present the amortized cost basis of loans on nonaccrual status and loans past 90 June 30, 2023 December 31, 2022: Nonaccrual Loans Past With No Due 90 Days Allowance or More and for Credit Loss Nonaccrual Still Accruing June 30, 2023 Real estate: Commercial $ - $ 502,961 $ - Construction and land development - - - Residential - - - Commercial - 152,449 - Consumer - - - $ - $ 655,410 $ - December 31, 2022 Real estate: Commercial $ - $ 502,961 $ - Construction and land development - - - Residential - - - Commercial - 152,449 - Consumer - - - $ - $ 655,410 $ - The Company did not six June 30, 2023 December 31. 2022. At June 30, 2023, one one six June 30, 2023 At December 31, 2022, one one 2022 An age analysis of past due loans, segregated by type of loan, is as follows: 90 Days 30 - 59 Days 60 - 89 Days or More Total Total Past Due Past Due Past Due Past Due Current Loans June 30, 2023 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 366,708,230 $ 367,211,191 Construction and land development - - - - 24,940,684 24,940,684 Residential - - - - 112,054,777 112,054,777 Commercial - - 152,449 152,449 31,721,432 31,873,881 Consumer - - - - 182,095 182,095 Total $ - $ - $ 655,410 $ 655,410 $ 535,607,218 $ 536,262,628 December 31, 2022 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 351,291,741 $ 351,794,702 Construction and land development - - - - 23,978,373 23,978,373 Residential 311,409 - - 311,409 114,371,740 114,683,149 Commercial - - 152,449 152,449 30,914,048 31,066,497 Consumer - - - - 156,422 156,422 Total $ 311,409 $ - $ 655,410 $ 966,819 $ 520,712,324 $ 521,679,143 The following table presents the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2023: Real estate: Commercial $ 502,961 Construction and land development - Residential 278,101 Commercial 152,449 Consumer - $ 933,511 Impaired loans, segregated by class of loans with average recorded investment and interest recognized for the year ended December 31, 2022, Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized December 31, 2022 Commercial real estate $ 7,019,415 $ 6,516,454 $ 502,961 $ 7,019,415 $ 129,461 $ 6,920,174 $ 223,476 Residential real estate 256,350 256,350 - 256,350 - 147,789 10,594 Commercial 152,449 - 152,449 152,449 152,449 152,449 - $ 7,428,214 $ 6,772,804 $ 655,410 $ 7,428,214 $ 281,910 $ 7,220,412 $ 234,070 These were the disclosures under the incurred method as of December 31, 2022 From time to time, loans to borrowers experiencing financial difficulty may may There were no modifications to borrowers experiencing financial distress during the six June 30, 2023. Credit Quality Indicators As part of our portfolio risk management, the Company assigns a risk grade to each loan. The factors used to determine the grade are the payment history of the loan and the borrower, the value of the collateral and net worth of the guarantor, and cash flow projections of the borrower. Excellent, Above Average, Average, Acceptable, and Pass/Watch grades are assigned to loans with limited or no A description of the general characteristics of loans characterized as watch list or classified is as follows: Special Mention A special mention loan is a loan that management believes has potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may not not Borrowers may may may Substandard A substandard loan is a loan that management believes is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Such loans 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 Borrowers may Doubtful A doubtful loan is a loan that management believes has all of the weaknesses inherent in a substandard loan with the added characteristic that the weaknesses, based on currently existing facts, conditions, and values, make collection or liquidation in full highly questionable and improbable. Loans by credit grade, segregated by loan type, and year originated are as follows: Term Loans Amortized Cost Basis by Origination June 30, 2023 Revolving 2023 2022 2021 2020 2019 Prior Loans Total Commercial Real Estate Pass $ 22,449,500 $ 73,754,940 $ 56,090,575 $ 20,186,200 $ 28,016,525 $ 154,654,808 $ 2,527,940 $ 357,680,488 Special Mention - - - - - - - - Substandard - - - - - 9,530,703 - 9,530,703 Doubtful - - - - - - - - Total $ 22,449,500 $ 73,754,940 $ 56,090,575 $ 20,186,200 $ 28,016,525 $ 164,185,511 $ 2,527,940 $ 367,211,191 Construction and Land Development Pass $ 2,779,462 $ 7,507,781 $ 4,703,112 $ 3,059,907 $ 336,724 $ 6,064,536 $ 489,162 $ 24,940,684 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total $ 2,779,462 $ 7,507,781 $ 4,703,112 $ 3,059,907 $ 336,724 $ 6,064,536 $ 489,162 $ 24,940,684 Residential Real Estate Pass $ 5,479,027 $ 19,566,575 $ 10,055,481 $ 8,690,939 $ 16,510,252 $ 43,068,025 $ 6,966,741 $ 110,337,040 Special Mention - - - - - - - - Substandard - - - - - 1,717,737 - 1,717,737 Doubtful - - - - - - - - Total $ 5,479,027 $ 19,566,575 $ 10,055,481 $ 8,690,939 $ 16,510,252 $ 44,785,762 $ 6,966,741 $ 112,054,777 Commercial Pass $ 3,565,274 $ 8,884,102 $ 4,921,723 $ 3,059,640 $ 1,305,273 $ 1,164,054 $ 8,821,366 $ 31,721,432 Special Mention - - - - - - - - Substandard - - - - 152,449 - - 152,449 Doubtful - - - - - - - - Total $ 3,565,274 $ 8,884,102 $ 4,921,723 $ 3,059,640 $ 1,457,722 $ 1,164,054 $ 8,821,366 $ 31,873,881 Consumer Pass $ 64,715 $ 45,877 $ 7,181 $ 13,314 $ 14,345 $ 2 $ - $ 145,434 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - 1,921 - - - 34,740 36,661 Total $ 64,715 $ 45,877 $ 9,102 $ 13,314 $ 14,345 $ 2 $ 34,740 $ 182,095 Aggregate total Pass $ 34,337,978 $ 109,759,275 $ 75,778,072 $ 35,010,000 $ 46,183,119 $ 204,951,425 $ 18,805,209 $ 524,825,078 Special Mention - - - - - - - - Substandard - - - - 152,449 11,248,440 - 11,400,889 Doubtful - - 1,921 - - - 34,740 36,661 Total $ 34,337,978 $ 109,759,275 $ 75,779,993 $ 35,010,000 $ 46,335,568 $ 216,199,865 $ 18,839,949 $ 536,262,628 Above Pass Special December 31, 2022 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ - $ 65,908,980 $ 201,854,424 $ 70,826,837 $ 3,558,954 $ 9,645,507 $ - $ 351,794,702 Construction and land development - - 3,845,351 12,087,402 8,045,620 - - - 23,978,373 Residential 15,613 573,108 35,774,807 63,833,864 10,815,681 1,397,282 2,272,794 - 114,683,149 Commercial 178,916 - 4,347,337 16,039,145 9,773,961 574,689 152,449 - 31,066,497 Consumer 722 15,715 93,684 4,439 6,481 - - 35,381 156,422 $ 195,251 $ 588,823 $ 109,970,159 $ 293,819,274 $ 99,468,580 $ 5,530,925 $ 12,070,750 $ 35,381 $ 521,679,143 The following table details activity in the allowance for credit losses and loan balances by portfolio as of and for the six June 30, 2023 2022 December 31, 2022. one not Impact of Provision for Allowance for credit losses ending balance evaluated for impairment: Outstanding loan balances evaluated: June 30, 2023 Beginning balance ASC 326 Adoption (recovery of) credit losses Charge offs Recoveries Ending balance Individually Collectively Individually Collectively Real estate: Commercial $ 2,818,582 $ (350,838 ) $ 205,358 $ - $ - $ 2,673,102 $ 250,000 $ 2,423,102 $ 502,961 $ 366,708,230 Construction and land development 164,596 280,179 (153,094 ) - 11,925 303,606 - 303,606 - 24,940,684 Residential 793,919 538,435 (609,314 ) - 375,048 1,098,088 74,208 1,023,880 278,101 111,776,676 Commercial 337,303 135,200 5,148 - - 477,651 152,449 325,202 152,449 31,721,432 Consumer 4,706 (4,537 ) 3,786 - - 3,955 - 3,955 - 182,095 Unallocated 31,092 (31,092 ) 90,434 - - 90,434 - 90,434 - - $ 4,150,198 $ 567,347 $ (457,682 ) $ - $ 386,973 $ 4,646,836 $ 476,657 $ 4,170,179 $ 933,511 $ 535,329,117 Provision for Allowance for loan losses ending balance evaluated for impairment: Outstanding loan balances evaluated for impairment: (recovery of) Charge Ending Purchase Credit Purchase Credit June 30, 2022 Beginning balance loan losses offs Recoveries balance Individually Impaired Collectively Individually Impaired Collectively Real estate: Commercial $ 2,482,930 $ 6,074 $ (7,772 ) $ - $ 2,481,232 $ 129,461 $ - $ 2,351,771 $ 6,887,147 $ 15,065 $ 325,392,412 Construction and land development 214,547 (68,084 ) - 8,100 154,563 - - 154,563 - 377,854 23,312,517 Residential 603,558 56,699 - - 660,257 - - 660,257 36,390 244,554 111,212,426 Commercial 255,413 24,760 (2,468 ) - 277,705 152,449 - 125,256 152,449 - 27,461,196 Consumer 4,370 (892 ) - - 3,478 - - 3,478 - - 197,263 Unallocated 89,450 (18,557 ) - - 70,893 - - 70,893 - - - $ 3,650,268 $ - $ (10,240 ) $ 8,100 $ 3,648,128 $ 281,910 $ - $ 3,366,218 $ 7,075,986 $ 637,473 $ 487,575,814 Allowance for loan losses ending Outstanding loan balances Provision for balance evaluated for impairment: evaluated for impairment: Beginning (recovery of) Charge Ending Purchase Credit Purchase Credit December 31, 2022 balance loan losses offs Recoveries balance Individually Impaired Collectively Individually Impaired Collectively Real estate: Commercial $ 2,482,930 $ 343,424 $ (7,772 ) $ - $ 2,818,582 $ 129,461 $ - $ 2,689,121 $ 7,019,415 $ - $ 344,775,287 Construction and land development 214,547 (66,151 ) - 16,200 164,596 - - 164,596 - 369,622 23,608,751 Residential 603,558 171,391 - 18,970 793,919 - - 793,919 256,350 209,583 114,217,216 Commercial 255,413 84,358 (2,468 ) - 337,303 152,449 - 184,854 152,449 - 30,914,048 Consumer 4,370 336 - - 4,706 - - 4,706 - - 156,422 Unallocated 89,450 (58,358 ) - - 31,092 - - 31,092 - - - $ 3,650,268 $ 475,000 $ (10,240 ) $ 35,170 $ 4,150,198 $ 281,910 $ - $ 3,868,288 $ 7,428,214 $ 579,205 $ 513,671,724 The following table provides activity for the accretable credit discount of purchased loans: 2023 Balance at December 31, 2022 $ 930,973 Accretion 214,635 Balance at June 30, 2023 $ 716,338 At June 30, 2023, June 30, 2023, The following table details activity in the allowance for credit losses on unfunded loan commitments: 2023 Balance at December 31, 2022 $ - Impact of adopting ASC 326 85,073 Credit loss recovery (35,773 ) Balance at June 30, 2023 $ 49,300 The following table provides a summary of all of the components of the allowance for credit losses: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Held to maturity securities Loans Unfunded loan commitments Total Held to maturity securities Loans Unfunded loan commitments Total Beginning balance $ 60,592 $ 4,822,643 $ 76,471 $ 4,959,706 $ - $ 4,150,198 $ - $ 4,150,198 Impact of adopting ASC 326 - - - - 51,990 567,347 85,073 704,410 Provision (recovery) of credit losses (10,147 ) (187,682 ) (27,171 ) (225,000 ) (1,545 ) (457,682 ) (35,773 ) (495,000 ) Charge-offs - - - - - - - - Recoveries - 11,875 - 11,875 - 386,973 - 386,973 Ending balance $ 50,445 $ 4,646,836 $ 49,300 $ 4,746,581 $ 50,445 $ 4,646,836 $ 49,300 $ 4,746,581

Note 5 - Goodwill and Other Int

Note 5 - Goodwill and Other Intangibles	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	5. Goodwill and Other Intangibles The acquisition of Carroll Bancorp, Inc. in October 2020 Goodwill CDI Total Balance at December 31, 2022 $ 6,978,208 $ 64,544 $ 7,042,752 Amortization - (4,164 ) (4,164 ) Balance at June 30, 2023 $ 6,978,208 $ 60,380 $ 7,038,588 The CDI is being amortized over 10 years on a straight-line basis. Annual amortization will be $8,328 per year and $6,246 in year 10. not

Note 6 - Capital Standards

Note 6 - Capital Standards	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	6. Capital Standards Farmers and Merchants Bancshares, Inc. and the Bank are 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 the regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities, and certain off‑balance sheet items as calculated under regulatory accounting practices. Our capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by the Basel III Capital Rules to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 1 1 In connection with the adoption of the Basel III Capital Rules, the Bank elected to opt-out of the requirement to include accumulated other comprehensive income in Common Equity Tier 1 1 Insured depository institutions are required to meet the following in order to qualify as “well capitalized”: (i) a common equity Tier 1 6.5%; 1 8%; 10%; 1 5%. The implementation of the capital conservation buffer began on January 1, 2016 0.625% four January 1, 2.5% January 1, 2019 not June 30, 2023, The aforementioned capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a ratio of Common Equity Tier 1 The following table presents actual and required capital ratios as of June 30, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized June 30, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 78,179 13.00 % $ 63,137 10.50 % $ 60,131 10.00 % Tier 1 capital (to risk-weighted assets) 73,482 12.22 % 51,111 8.50 % 48,105 8.00 % Common equity tier 1 (to risk-weighted assets) 73,482 12.22 % 42,091 7.00 % 39,085 6.50 % Tier 1 leverage (to average assets) 73,482 9.99 % 29,436 4.00 % 36,796 5.00 % Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2022 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 75,826 12.96 % $ 61,410 10.50 % $ 58,486 10.00 % Tier 1 capital (to risk-weighted assets) 71,676 12.26 % 49,713 8.50 % 46,789 8.00 % Common equity tier 1 (to risk-weighted assets) 71,676 12.26 % 40,940 7.00 % 38,016 6.50 % Tier 1 leverage (to average assets) 71,676 9.83 % 29,167 4.00 % 36,459 5.00 % To be categorized as well capitalized, the Bank must maintain ratios as set forth in the table. As of June 30, 2023, no The FDIC, through formal or informal agreement, has the authority to require an institution to maintain higher capital ratios than those provided by statute, to be categorized as well capitalized under the regulatory framework for prompt corrective action.

Note 7 - Derivative Financial I

Note 7 - Derivative Financial Instrument	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	7. Derivative Financial Instrument The Company utilizes interest rate swap agreements as part of its asset liability management strategy to help manage its interest rate risk position. The notional amount of the interest rate swaps does not Fair Value Hedges: Interest rate swaps with notional amounts totaling $10 million as of June 30, 2023 no 2023. The following table presents the amounts recorded on the balance sheet related to cumulative basis adjustments for fair value hedges as of June 30, 2023: Line Item in the Balance Sheet in Which the Hedged Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Item is Included June 30, 2023 June 30, 2023 Securities available for sale $ 21,861,298 $ (32,713 ) The Company presents derivative position gross on the balance sheet. The following table reflects the derivatives recorded on the balance sheet as of June 30, 2023: June 30, 2023 Fair Value Included in other assets: Derivatives designated as hedges: Intrest rate swaps related to securities available for sale $ 74,454 Total included in other assets $ 74,454 The effect of fair value hedge accounting on the statement of income for the six June 30, 2023 Location and Amount of Gain or Loss Recognized in Income on Fair Value Hedging Relationships Six Months Ended June 30, 2023 Interest Income Total amounts of income and expense line items presented in the statement of income in which the effects of the fair value hedge is recorded The effects of fair value hedging: (Loss) Gain on fair value hedging relationships: Hedged items $ (32,713 ) Interest rate contracts designated as hedging instruments 74,454 Net gain on fair value hedging relationships included in interest income $ 41,741

Note 8 - Fair Value

Note 8 - Fair Value	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	8. Fair Value In accordance with ASC Topic 820, no not may not The fair value guidance provides a consistent definition of fair value, which focuses on exit price in the principal or most advantageous market for the asset or liability in an orderly transaction (that is, not may In accordance with the guidance, a hierarchy of valuation techniques is based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three 820 two ● Level 1: ● Level 2: 1 not ● Level 3: The Company uses the following methods and significant assumptions to estimate the fair values of the following assets: ● Securities available for sale: The fair values of securities available for sale are determined by obtaining quoted prices from a nationally recognized securities pricing agent. If quoted market prices are not ● Equity security at fair value: The Company’s investment in an equity mutual fund is valued based on the net asset value of the fund, which is classified as Level 1. ● Other real estate owned (“OREO”): Nonrecurring fair value adjustments to OREO reflect full or partial write-downs that are based on the OREO’s observable market price or current appraised value of the real estate. Since the market for OREO is not 3. third ● Collateral-dependent loans: Nonrecurring fair value adjustments to collateral-dependent loans reflect full or partial write-downs and reserves that are based on the collateral-dependent loan’s observable market price or current appraised value of the collateral. Because the market for collateral-dependent loans is not 3. third The following table summarizes financial assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2023 December 31, 2022, Carrying Value: June 30, 2023 Level 1 Level 2 Level 3 Total Recurring: Available for sale securities State and municipal $ - $ 477,665 $ - $ 477,665 SBA pools - 878,006 - 878,006 Corporate bonds - 8,989,491 - 8,989,491 Mortgage-backed securities - 109,415,618 - 109,415,618 $ - $ 119,760,780 $ - $ 119,760,780 Fair value hedge $ - $ 74,454 $ - $ 74,454 Equity security at fair value Mutual fund $ 493,489 $ - $ - $ 493,489 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Collateral-dependent loans, net $ - $ - $ 456,854 $ 456,854 Carrying Value: Level 1 Level 2 Level 3 Total December 31, 2022 Recurring: Available for sale securities State and municipal $ - $ 552,281 $ - $ 552,281 SBA pools - 1,019,797 - 1,019,797 Corporate Bonds - 8,989,896 400,000 9,389,896 Mortgage-backed securities - 115,352,475 - 115,352,475 $ - $ 125,914,449 $ 400,000 $ 126,314,449 Equity security at fair value Mutual fund $ 489,145 $ - $ - $ 489,145 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Impaired loans, net - - 373,500 373,500 The following table provides information describing the unobservable inputs used in level 3 June 30, 2023 December 31, 2022: June 30, 2023: Assets Fair Value Valuation Technique Unobservable Inputs Range (Average) Collateral-dependent loans $ 456,854 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 20% (10%) Other real estate owned $ 1,242,365 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 10% (5%) December 31, 2022: Assets Fair Value Valuation Techniques Unobservable Input Average Collateral-dependent loans $ 373,500 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 20% (10%) Other real estate owned $ 1,242,365 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 10% (5%) Reconciliation of Level 3 Inputs Corporate Bonds December 31, 2022 fair value $ 400,000 Transfer to level 2 (400,000 ) June 30, 2023 fair value $ - The transfer to level 2 third June 30, 2023. The estimated fair value of financial instruments that are reported at amortized cost less allowance for credit losses in the Company’s consolidated balance sheets, segregated by the level of the valuation inputs were as follows: June 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 12,287,518 $ 12,287,518 $ 7,263,537 $ 7,263,537 Level 2 inputs Certificates of deposit in other banks 100,000 100,000 100,000 100,000 Accrued interest receivable 1,825,427 1,825,427 1,815,784 1,815,784 Securities held to maturity 17,216,838 15,756,652 17,537,377 15,908,175 Mortgage loans held for sale - - 428,355 434,271 Restricted stock, at cost 1,077,500 1,077,500 1,332,500 1,332,500 Bank owned life insurance 14,757,189 14,757,189 14,585,342 14,585,342 Fair value hedge 74,454 74,454 - - Level 3 inputs Securities held to maturity 2,971,620 2,971,620 2,971,620 2,971,620 Loans, net 530,999,092 517,037,970 516,920,540 503,144,771 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 120,971,669 $ 120,971,669 $ 126,695,349 $ 126,695,349 Securities sold under repurchase agreements 4,062,938 4,062,938 5,175,303 5,175,303 Level 2 inputs Interest-bearing deposits 510,839,221 507,555,221 496,915,775 492,769,775 Federal Home Loan Bank advances 14,000,000 13,672,000 20,000,000 19,622,000 Federal Reserve Bank advances 10,000,000 10,000,000 - - Long-term debt 14,154,010 13,094,742 15,095,642 14,241,237 Accrued interest payable 1,120,963 1,120,963 349,910 349,910

Note 9 - Earnings Per Share

Note 9 - Earnings Per Share	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	9. Earnings per Share Basic earnings per share is determined by dividing net income available to stockholders by the weighted-average number of shares of common stock outstanding during the period and does not three six June 30, 2023 2022. no three six June 30, 2023 2022. Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Net income $ 1,670,117 $ 2,050,733 $ 3,570,968 $ 4,101,535 Weighted average shares outstanding 3,073,319 3,038,215 3,072,272 3,037,679 Earnings per share - basic and diluted $ 0.54 $ 0.67 $ 1.16 $ 1.35

Note 10 - Retirement Plans

Note 10 - Retirement Plans	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	10. Retirement Plans The Company has a profit sharing plan qualifying under Section 401 21 six may three June 30, 2023 2022, six June 30, 2023 2022, The Company has entered into agreements with 12 employees to provide certain life insurance benefits payable in connection with policies of life insurance on those employees that are owned by the Company. Each of the agreements provides for the amount of death insurance benefits to be paid to beneficiaries of the insured. For this plan, the Company expensed $1,834 and $1,702 for the three June 30, 2023 2022, six June 30, 2023 2022, The Company adopted supplemental executive retirement plans for four of its executives. The plans provide cash compensation to the executive officers under certain circumstances, including a separation of service. The benefits vest over the period from adoption to a specified age for each executive. One of the executives who was fully vested retired on December 31, 2022 2023. three June 30, 2023 2022, six June 30, 2023 2022, Retirement plan expenses are included in employee benefits on the consolidated statements of income.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Management has the responsibility for the selection and use of appropriate accounting policies. The significant accounting policies used by the Company are described in the notes to the consolidated financial statements. The following accounting guidance has been approved by the Financial Accounting Standards Board (“FASB”) and would apply to the Company if the Company entered into an applicable activity. In March 2020, 2020 04, 848 2020 04 March 12, 2020 December 31, 2022. June 30, 2023, In December 2022, 2022 06, 848 848”. 2022 06 848. 848 848 2021, June 30, 2023. 848 may 848 December 31, 2022, December 31, 2024, no 848. The ASU is effective for all entities upon issuance. As of June 30, 2023, Recently Adopted Accounting Developments During June 2016, 2016 13, 326 2016 13 January 1, 2023. The Company is utilizing a third 326, not may In March 2022, 2022 02, 326 2022 02 2016 13 2022 02 January 1, 2023. In March 2022, 2022 01, 815 2022 01 815 2017, 2017 12 one not 2022 01 2022 01 January 1, 2023. February 2023 June 30, 2023, no Summary of Significant Accounting Policies There have been no 10 Allowance for Credit Losses. As further discussed below, we adopted ASU 2016 13, 326 January 1, 2020. 326 326, Allowance for Credit Losses - Held-to-Maturity Securities: The allowance for credit losses on held-to-maturity securities is a contra-asset valuation account, calculated in accordance with ASC Topic 326, 3 Allowance For Credit Losses - Available-for-Sale Securities: For available-for-sale securities in an unrealized loss position, we first not not 2016 13, January 1, 2023, Allowance for Credit Losses - Loans: The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC Topic 326, not The amount of the allowance represents management's best estimate of current expected credit losses on loans considering available information, from internal and external sources, relevant to assessing collectability over the loans' contractual terms, adjusted for expected prepayments when appropriate. The contractual term excludes expected extensions, renewals and modifications unless (i) management has a reasonable expectation that a loan to an individual borrower that is experiencing financial difficulty will be modified or (ii) such extension or renewal options are not may not not Credit loss expense related to loans reflects the totality of actions taken on all loans for a particular period including any necessary increases or decreases in the allowance related to changes in credit loss expectations associated with specific loans or pools of loans. Portions of the allowance may In calculating the allowance for credit losses, most loans are segmented into pools based upon similar characteristics and risk profiles. Common characteristics and risk profiles include the type/purpose of loan, underlying collateral, and historical/expected credit loss patterns. For modeling purposes, our loan pools include (i) commercial real estate - owner occupied, (ii) commercial real estate - non-owner occupied, (iii) construction/land development, (iv) residential – multifamily, (v) residential – single family (vi) residential – single family home equity, (vii) commercial and industrial (viii) consumer and other. We periodically reassess each pool to ensure the loans within the pool continue to share similar characteristics and risk profiles and to determine whether further segmentation is necessary. The average charge-off method calculates an estimate of losses based upon past experience which is applied prospectively across the life of each loan. This method allows for analysis and calculation on a note-by-note basis due to the CECL model calculating future cash flows at the individual note level based upon note characteristics. A forward balance is calculated from each note’s prior period balance, less monthly principal paydown and prepayment amount. The Company utilizes its own loss data as the source for its historical loss calculations within the CECL model, where appropriate. This information is sourced from call report data and spans back to an effective start date of March 31, 2000. one may may no March 31, 2000 The measurement of expected credit losses is impacted by loan/borrower attributes and certain macroeconomic variables. Significant loan/borrower attributes utilized in our modeling processes include, among other things, (i) origination date, (ii) maturity date, (iii) payment type, (iv) collateral type and amount, (v) current risk grade, (vi) current unpaid balance and commitment utilization rate, (vii) payment status/delinquency history and (viii) expected recoveries of previously charged-off amounts. Management qualitatively adjusts model results for risk factors that are not may may In some cases, management may Allowance for Credit Losses - Off-Balance-Sheet Credit Exposures: The allowance for credit losses on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC Topic 326, No The table below provides the impact of the implementation of ASC Topic 326: December 31, 2022 January 1, 2023 Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets: Loans, gross $ 521,679,143 $ 233,411 $ 521,912,554 Allowance for credit losses: Loans: Real estate: Commercial 2,818,582 (350,838 ) 2,467,744 Construction and land development 164,596 280,179 444,775 Residential 793,919 538,435 1,332,354 Commercial 337,303 135,200 472,503 Consumer 4,706 (4,537 ) 169 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 567,347 4,717,545 Loans, net 517,528,945 (333,936 ) 517,195,009 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 129,607 129,607 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 85,073 85,073 Total equity $ 49,834,244 $ (341,392 ) $ 49,492,852 Derivative Financial Instruments: At the inception of a derivative contract, the Company designates the derivative as one three three no not not Accrued settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Accrued settlements on derivatives not not The Company formally documents the relationship between derivatives and hedged items, as well as the risk-management objective and the strategy for undertaking hedge transactions at the inception of the hedging relationship. This documentation includes linking fair value or cash flow hedges to specific assets and liabilities on the balance sheet or to specific firm commitments or forecasted transactions. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no no no no When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as non-interest income. When a fair value hedge is discontinued, the hedged asset or liability is no The Company is exposed to losses if a counterparty fails to make its payments under a contract in which the Company is in the net receiving position. The Company anticipates that the counterparties will be able to fully satisfy their obligations under the agreements. All the contracts to which the Company is a party settle monthly or quarterly. In addition, the Company obtains collateral above certain thresholds of the fair value of its derivatives for each counterparty based upon their credit standing and the Company has netting agreements with the dealers with which it does business. The Company’s derivative financial instruments are described more fully in Note 7. The accounting policies adopted by management are consistent with authoritative GAAP and are consistent with those followed by our peers.

Note 2 - Basis of Presentation

Note 2 - Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Accounting Standards Update and Change in Accounting Principle [Table Text Block]	December 31, 2022 January 1, 2023 Pre-ASC 326 Adoption Impact of ASC 326 Adoption As Reported Under ASC 326 Assets: Loans, gross $ 521,679,143 $ 233,411 $ 521,912,554 Allowance for credit losses: Loans: Real estate: Commercial 2,818,582 (350,838 ) 2,467,744 Construction and land development 164,596 280,179 444,775 Residential 793,919 538,435 1,332,354 Commercial 337,303 135,200 472,503 Consumer 4,706 (4,537 ) 169 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 567,347 4,717,545 Loans, net 517,528,945 (333,936 ) 517,195,009 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 129,607 129,607 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 85,073 85,073 Total equity $ 49,834,244 $ (341,392 ) $ 49,492,852

Note 3 - Investment Securities

Note 3 - Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Marketable Securities [Table Text Block]	Amortized Unrealized Unrealized Fair Allowance for Net Carrying June 30, 2023 cost gains losses value Credit Losses Amount Available for sale State and municipal $ 500,000 $ - $ 22,335 $ 477,665 $ - $ 477,665 SBA pools 889,827 1,491 13,312 878,006 - 878,006 Corporate bonds 10,383,317 - 1,393,826 8,989,491 - 8,989,491 Mortgage-backed securities 132,395,044 - 22,979,426 109,415,618 - 109,415,618 $ 144,168,188 $ 1,491 $ 24,408,899 $ 119,760,780 $ - $ 119,760,780 Held to maturity State and municipal $ 20,238,903 $ 3,788 $ 1,514,419 $ 18,728,272 $ 50,445 $ 20,188,458 Amortized Unrealized Unrealized Fair December 31, 2022 cost gains losses value Available for sale State and municipal $ 570,122 $ - $ 17,841 $ 552,281 SBA pools 1,033,606 1,425 15,234 1,019,797 Corporate bonds 10,414,146 - 1,024,250 9,389,896 Mortgage-backed securities 137,896,519 - 22,544,044 115,352,475 $ 149,914,393 $ 1,425 $ 23,601,369 $ 126,314,449 Held to maturity State and municipal $ 20,508,997 $ 4,176 $ 1,633,378 $ 18,879,795
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]	June 30, 2023 AAA 2,778,312 AA 10,392,194 A 3,800,050 BAA 247,767 Not rated 3,020,580 Total 20,238,903
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]	Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 Beginning balance $ 60,592 $ - Impact of adopting ASC 326 - 51,990 Credit loss expense (recovery) (10,147 ) (1,545 ) Ending balance $ 50,445 $ 50,445
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Held to Maturity Amortized Fair Amortized Fair June 30, 2023 cost value cost value Within one year $ 1,009,346 $ 988,430 $ - $ - Over one to five years 2,554,552 2,374,395 477,767 472,557 Over five to ten years 7,319,419 6,104,331 3,508,370 3,368,685 Over ten years - - 16,252,766 14,887,030 10,883,317 9,467,156 20,238,903 18,728,272 Mortgage-backed securities and SBA pools, due in monthly installments 133,284,871 110,293,624 - - $ 144,168,188 $ 119,760,780 $ 20,238,903 $ 18,728,272
Schedule of Unrealized Loss on Investments [Table Text Block]	June 30, 2023 Less than 12 months 12 months or more Total Description of investments Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss State and municipal $ 243,183 $ 6,817 $ 234,482 $ 15,518 $ 477,665 $ 22,335 SBA pools - - 732,115 13,312 732,115 13,312 Corporate bonds 1,197,336 209,701 7,792,155 1,184,125 8,989,491 1,393,826 Mortgage-backed securities 3,173,528 154,638 106,242,090 22,824,788 109,415,618 22,979,426 Total $ 4,614,047 $ 371,156 $ 115,000,842 $ 24,037,743 $ 119,614,889 $ 24,408,899 December 31, 2022 Less than 12 months 12 months or more Total Unrealized Unrealized Unrealized Description of investments Fair value losses Fair value losses Fair value losses State and municipal $ 13,668,676 $ 1,057,412 $ 1,537,715 $ 593,807 $ 15,206,391 $ 1,651,219 SBA pools - - 857,259 15,234 857,259 15,234 Corporate bonds 4,184,875 356,746 4,805,021 667,504 8,989,896 1,024,250 Mortgage-backed securities 25,284,430 2,293,151 90,068,045 20,250,893 115,352,475 22,544,044 Total $ 43,137,981 $ 3,707,309 $ 97,268,040 $ 21,527,438 $ 140,406,021 $ 25,234,747

Note 4 - Loans and Allowance _2

Note 4 - Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	June 30, December 31, 2023 2022 Real estate: Commercial $ 367,211,191 $ 351,794,702 Construction and land development 24,940,684 23,978,373 Residential 112,054,777 114,683,149 Commercial 31,873,881 31,066,497 Consumer 182,095 156,422 536,262,628 521,679,143 Less: Allowance for credit losses 4,646,836 4,150,198 Deferred origination fees net of costs 616,700 608,405 $ 530,999,092 $ 516,920,540
Financing Receivable, Nonaccrual [Table Text Block]	Nonaccrual Loans Past With No Due 90 Days Allowance or More and for Credit Loss Nonaccrual Still Accruing June 30, 2023 Real estate: Commercial $ - $ 502,961 $ - Construction and land development - - - Residential - - - Commercial - 152,449 - Consumer - - - $ - $ 655,410 $ - December 31, 2022 Real estate: Commercial $ - $ 502,961 $ - Construction and land development - - - Residential - - - Commercial - 152,449 - Consumer - - - $ - $ 655,410 $ -
Financing Receivable, Past Due [Table Text Block]	90 Days 30 - 59 Days 60 - 89 Days or More Total Total Past Due Past Due Past Due Past Due Current Loans June 30, 2023 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 366,708,230 $ 367,211,191 Construction and land development - - - - 24,940,684 24,940,684 Residential - - - - 112,054,777 112,054,777 Commercial - - 152,449 152,449 31,721,432 31,873,881 Consumer - - - - 182,095 182,095 Total $ - $ - $ 655,410 $ 655,410 $ 535,607,218 $ 536,262,628 December 31, 2022 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 351,291,741 $ 351,794,702 Construction and land development - - - - 23,978,373 23,978,373 Residential 311,409 - - 311,409 114,371,740 114,683,149 Commercial - - 152,449 152,449 30,914,048 31,066,497 Consumer - - - - 156,422 156,422 Total $ 311,409 $ - $ 655,410 $ 966,819 $ 520,712,324 $ 521,679,143
Collateral Dependent Loans [Table Text Block]	Real estate: Commercial $ 502,961 Construction and land development - Residential 278,101 Commercial 152,449 Consumer - $ 933,511
Impaired Financing Receivables [Table Text Block]	Unpaid Recorded Recorded Contractual Investment Investment Total Average Principal With No With Recorded Related Recorded Interest Balance Allowance Allowance Investment Allowance Investment Recognized December 31, 2022 Commercial real estate $ 7,019,415 $ 6,516,454 $ 502,961 $ 7,019,415 $ 129,461 $ 6,920,174 $ 223,476 Residential real estate 256,350 256,350 - 256,350 - 147,789 10,594 Commercial 152,449 - 152,449 152,449 152,449 152,449 - $ 7,428,214 $ 6,772,804 $ 655,410 $ 7,428,214 $ 281,910 $ 7,220,412 $ 234,070
Financing Receivable Credit Quality Indicators [Table Text Block]	Term Loans Amortized Cost Basis by Origination June 30, 2023 Revolving 2023 2022 2021 2020 2019 Prior Loans Total Commercial Real Estate Pass $ 22,449,500 $ 73,754,940 $ 56,090,575 $ 20,186,200 $ 28,016,525 $ 154,654,808 $ 2,527,940 $ 357,680,488 Special Mention - - - - - - - - Substandard - - - - - 9,530,703 - 9,530,703 Doubtful - - - - - - - - Total $ 22,449,500 $ 73,754,940 $ 56,090,575 $ 20,186,200 $ 28,016,525 $ 164,185,511 $ 2,527,940 $ 367,211,191 Construction and Land Development Pass $ 2,779,462 $ 7,507,781 $ 4,703,112 $ 3,059,907 $ 336,724 $ 6,064,536 $ 489,162 $ 24,940,684 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total $ 2,779,462 $ 7,507,781 $ 4,703,112 $ 3,059,907 $ 336,724 $ 6,064,536 $ 489,162 $ 24,940,684 Residential Real Estate Pass $ 5,479,027 $ 19,566,575 $ 10,055,481 $ 8,690,939 $ 16,510,252 $ 43,068,025 $ 6,966,741 $ 110,337,040 Special Mention - - - - - - - - Substandard - - - - - 1,717,737 - 1,717,737 Doubtful - - - - - - - - Total $ 5,479,027 $ 19,566,575 $ 10,055,481 $ 8,690,939 $ 16,510,252 $ 44,785,762 $ 6,966,741 $ 112,054,777 Commercial Pass $ 3,565,274 $ 8,884,102 $ 4,921,723 $ 3,059,640 $ 1,305,273 $ 1,164,054 $ 8,821,366 $ 31,721,432 Special Mention - - - - - - - - Substandard - - - - 152,449 - - 152,449 Doubtful - - - - - - - - Total $ 3,565,274 $ 8,884,102 $ 4,921,723 $ 3,059,640 $ 1,457,722 $ 1,164,054 $ 8,821,366 $ 31,873,881 Consumer Pass $ 64,715 $ 45,877 $ 7,181 $ 13,314 $ 14,345 $ 2 $ - $ 145,434 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - 1,921 - - - 34,740 36,661 Total $ 64,715 $ 45,877 $ 9,102 $ 13,314 $ 14,345 $ 2 $ 34,740 $ 182,095 Aggregate total Pass $ 34,337,978 $ 109,759,275 $ 75,778,072 $ 35,010,000 $ 46,183,119 $ 204,951,425 $ 18,805,209 $ 524,825,078 Special Mention - - - - - - - - Substandard - - - - 152,449 11,248,440 - 11,400,889 Doubtful - - 1,921 - - - 34,740 36,661 Total $ 34,337,978 $ 109,759,275 $ 75,779,993 $ 35,010,000 $ 46,335,568 $ 216,199,865 $ 18,839,949 $ 536,262,628 Above Pass Special December 31, 2022 Excellent average Average Acceptable watch mention Substandard Doubtful Total Real estate: Commercial $ - $ - $ 65,908,980 $ 201,854,424 $ 70,826,837 $ 3,558,954 $ 9,645,507 $ - $ 351,794,702 Construction and land development - - 3,845,351 12,087,402 8,045,620 - - - 23,978,373 Residential 15,613 573,108 35,774,807 63,833,864 10,815,681 1,397,282 2,272,794 - 114,683,149 Commercial 178,916 - 4,347,337 16,039,145 9,773,961 574,689 152,449 - 31,066,497 Consumer 722 15,715 93,684 4,439 6,481 - - 35,381 156,422 $ 195,251 $ 588,823 $ 109,970,159 $ 293,819,274 $ 99,468,580 $ 5,530,925 $ 12,070,750 $ 35,381 $ 521,679,143
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Impact of Provision for Allowance for credit losses ending balance evaluated for impairment: Outstanding loan balances evaluated: June 30, 2023 Beginning balance ASC 326 Adoption (recovery of) credit losses Charge offs Recoveries Ending balance Individually Collectively Individually Collectively Real estate: Commercial $ 2,818,582 $ (350,838 ) $ 205,358 $ - $ - $ 2,673,102 $ 250,000 $ 2,423,102 $ 502,961 $ 366,708,230 Construction and land development 164,596 280,179 (153,094 ) - 11,925 303,606 - 303,606 - 24,940,684 Residential 793,919 538,435 (609,314 ) - 375,048 1,098,088 74,208 1,023,880 278,101 111,776,676 Commercial 337,303 135,200 5,148 - - 477,651 152,449 325,202 152,449 31,721,432 Consumer 4,706 (4,537 ) 3,786 - - 3,955 - 3,955 - 182,095 Unallocated 31,092 (31,092 ) 90,434 - - 90,434 - 90,434 - - $ 4,150,198 $ 567,347 $ (457,682 ) $ - $ 386,973 $ 4,646,836 $ 476,657 $ 4,170,179 $ 933,511 $ 535,329,117 Provision for Allowance for loan losses ending balance evaluated for impairment: Outstanding loan balances evaluated for impairment: (recovery of) Charge Ending Purchase Credit Purchase Credit June 30, 2022 Beginning balance loan losses offs Recoveries balance Individually Impaired Collectively Individually Impaired Collectively Real estate: Commercial $ 2,482,930 $ 6,074 $ (7,772 ) $ - $ 2,481,232 $ 129,461 $ - $ 2,351,771 $ 6,887,147 $ 15,065 $ 325,392,412 Construction and land development 214,547 (68,084 ) - 8,100 154,563 - - 154,563 - 377,854 23,312,517 Residential 603,558 56,699 - - 660,257 - - 660,257 36,390 244,554 111,212,426 Commercial 255,413 24,760 (2,468 ) - 277,705 152,449 - 125,256 152,449 - 27,461,196 Consumer 4,370 (892 ) - - 3,478 - - 3,478 - - 197,263 Unallocated 89,450 (18,557 ) - - 70,893 - - 70,893 - - - $ 3,650,268 $ - $ (10,240 ) $ 8,100 $ 3,648,128 $ 281,910 $ - $ 3,366,218 $ 7,075,986 $ 637,473 $ 487,575,814 Allowance for loan losses ending Outstanding loan balances Provision for balance evaluated for impairment: evaluated for impairment: Beginning (recovery of) Charge Ending Purchase Credit Purchase Credit December 31, 2022 balance loan losses offs Recoveries balance Individually Impaired Collectively Individually Impaired Collectively Real estate: Commercial $ 2,482,930 $ 343,424 $ (7,772 ) $ - $ 2,818,582 $ 129,461 $ - $ 2,689,121 $ 7,019,415 $ - $ 344,775,287 Construction and land development 214,547 (66,151 ) - 16,200 164,596 - - 164,596 - 369,622 23,608,751 Residential 603,558 171,391 - 18,970 793,919 - - 793,919 256,350 209,583 114,217,216 Commercial 255,413 84,358 (2,468 ) - 337,303 152,449 - 184,854 152,449 - 30,914,048 Consumer 4,370 336 - - 4,706 - - 4,706 - - 156,422 Unallocated 89,450 (58,358 ) - - 31,092 - - 31,092 - - - $ 3,650,268 $ 475,000 $ (10,240 ) $ 35,170 $ 4,150,198 $ 281,910 $ - $ 3,868,288 $ 7,428,214 $ 579,205 $ 513,671,724 2023 Balance at December 31, 2022 $ - Impact of adopting ASC 326 85,073 Credit loss recovery (35,773 ) Balance at June 30, 2023 $ 49,300
Accretable Yield of Purchased Loans [Table Text Block]	2023 Balance at December 31, 2022 $ 930,973 Accretion 214,635 Balance at June 30, 2023 $ 716,338
Components of Allowance for Credit Losses [Table Text Block]	Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Held to maturity securities Loans Unfunded loan commitments Total Held to maturity securities Loans Unfunded loan commitments Total Beginning balance $ 60,592 $ 4,822,643 $ 76,471 $ 4,959,706 $ - $ 4,150,198 $ - $ 4,150,198 Impact of adopting ASC 326 - - - - 51,990 567,347 85,073 704,410 Provision (recovery) of credit losses (10,147 ) (187,682 ) (27,171 ) (225,000 ) (1,545 ) (457,682 ) (35,773 ) (495,000 ) Charge-offs - - - - - - - - Recoveries - 11,875 - 11,875 - 386,973 - 386,973 Ending balance $ 50,445 $ 4,646,836 $ 49,300 $ 4,746,581 $ 50,445 $ 4,646,836 $ 49,300 $ 4,746,581

Note 5 - Goodwill and Other I_2

Note 5 - Goodwill and Other Intangibles (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Goodwill CDI Total Balance at December 31, 2022 $ 6,978,208 $ 64,544 $ 7,042,752 Amortization - (4,164 ) (4,164 ) Balance at June 30, 2023 $ 6,978,208 $ 60,380 $ 7,038,588

Note 6 - Capital Standards (Tab

Note 6 - Capital Standards (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized June 30, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 78,179 13.00 % $ 63,137 10.50 % $ 60,131 10.00 % Tier 1 capital (to risk-weighted assets) 73,482 12.22 % 51,111 8.50 % 48,105 8.00 % Common equity tier 1 (to risk-weighted assets) 73,482 12.22 % 42,091 7.00 % 39,085 6.50 % Tier 1 leverage (to average assets) 73,482 9.99 % 29,436 4.00 % 36,796 5.00 % Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2022 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 75,826 12.96 % $ 61,410 10.50 % $ 58,486 10.00 % Tier 1 capital (to risk-weighted assets) 71,676 12.26 % 49,713 8.50 % 46,789 8.00 % Common equity tier 1 (to risk-weighted assets) 71,676 12.26 % 40,940 7.00 % 38,016 6.50 % Tier 1 leverage (to average assets) 71,676 9.83 % 29,167 4.00 % 36,459 5.00 %

Note 7 - Derivative Financial_2

Note 7 - Derivative Financial Instrument (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Line Item in the Balance Sheet in Which the Hedged Carrying Amount of the Hedged Assets Cumulative Amount of Fair Value Hedging Adjustment Item is Included June 30, 2023 June 30, 2023 Securities available for sale $ 21,861,298 $ (32,713 ) June 30, 2023 Fair Value Included in other assets: Derivatives designated as hedges: Intrest rate swaps related to securities available for sale $ 74,454 Total included in other assets $ 74,454
Derivative Instruments, Gain (Loss) [Table Text Block]	Location and Amount of Gain or Loss Recognized in Income on Fair Value Hedging Relationships Six Months Ended June 30, 2023 Interest Income Total amounts of income and expense line items presented in the statement of income in which the effects of the fair value hedge is recorded The effects of fair value hedging: (Loss) Gain on fair value hedging relationships: Hedged items $ (32,713 ) Interest rate contracts designated as hedging instruments 74,454 Net gain on fair value hedging relationships included in interest income $ 41,741

Note 8 - Fair Value (Tables)

Note 8 - Fair Value (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Carrying Value: June 30, 2023 Level 1 Level 2 Level 3 Total Recurring: Available for sale securities State and municipal $ - $ 477,665 $ - $ 477,665 SBA pools - 878,006 - 878,006 Corporate bonds - 8,989,491 - 8,989,491 Mortgage-backed securities - 109,415,618 - 109,415,618 $ - $ 119,760,780 $ - $ 119,760,780 Fair value hedge $ - $ 74,454 $ - $ 74,454 Equity security at fair value Mutual fund $ 493,489 $ - $ - $ 493,489 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Collateral-dependent loans, net $ - $ - $ 456,854 $ 456,854 Carrying Value: Level 1 Level 2 Level 3 Total December 31, 2022 Recurring: Available for sale securities State and municipal $ - $ 552,281 $ - $ 552,281 SBA pools - 1,019,797 - 1,019,797 Corporate Bonds - 8,989,896 400,000 9,389,896 Mortgage-backed securities - 115,352,475 - 115,352,475 $ - $ 125,914,449 $ 400,000 $ 126,314,449 Equity security at fair value Mutual fund $ 489,145 $ - $ - $ 489,145 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Impaired loans, net - - 373,500 373,500
Fair Value Measurements, Nonrecurring [Table Text Block]	June 30, 2023: Assets Fair Value Valuation Technique Unobservable Inputs Range (Average) Collateral-dependent loans $ 456,854 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 20% (10%) Other real estate owned $ 1,242,365 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 10% (5%) December 31, 2022: Assets Fair Value Valuation Techniques Unobservable Input Average Collateral-dependent loans $ 373,500 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 20% (10%) Other real estate owned $ 1,242,365 Third party appraisals and in-house real estate valuations of fair value Marketability/selling costs and current market conditions 0% to 10% (5%)
Fair Value, Assets Measured on Non-recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Reconciliation of Level 3 Inputs Corporate Bonds December 31, 2022 fair value $ 400,000 Transfer to level 2 (400,000 ) June 30, 2023 fair value $ -
Fair Value, by Balance Sheet Grouping [Table Text Block]	June 30, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 12,287,518 $ 12,287,518 $ 7,263,537 $ 7,263,537 Level 2 inputs Certificates of deposit in other banks 100,000 100,000 100,000 100,000 Accrued interest receivable 1,825,427 1,825,427 1,815,784 1,815,784 Securities held to maturity 17,216,838 15,756,652 17,537,377 15,908,175 Mortgage loans held for sale - - 428,355 434,271 Restricted stock, at cost 1,077,500 1,077,500 1,332,500 1,332,500 Bank owned life insurance 14,757,189 14,757,189 14,585,342 14,585,342 Fair value hedge 74,454 74,454 - - Level 3 inputs Securities held to maturity 2,971,620 2,971,620 2,971,620 2,971,620 Loans, net 530,999,092 517,037,970 516,920,540 503,144,771 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 120,971,669 $ 120,971,669 $ 126,695,349 $ 126,695,349 Securities sold under repurchase agreements 4,062,938 4,062,938 5,175,303 5,175,303 Level 2 inputs Interest-bearing deposits 510,839,221 507,555,221 496,915,775 492,769,775 Federal Home Loan Bank advances 14,000,000 13,672,000 20,000,000 19,622,000 Federal Reserve Bank advances 10,000,000 10,000,000 - - Long-term debt 14,154,010 13,094,742 15,095,642 14,241,237 Accrued interest payable 1,120,963 1,120,963 349,910 349,910

Note 9 - Earnings Per Share (Ta

Note 9 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended Six Months Ended June 30, June 30, 2023 2022 2023 2022 Net income $ 1,670,117 $ 2,050,733 $ 3,570,968 $ 4,101,535 Weighted average shares outstanding 3,073,319 3,038,215 3,072,272 3,037,679 Earnings per share - basic and diluted $ 0.54 $ 0.67 $ 1.16 $ 1.35

Note 1 - Principles of Consol_2

Note 1 - Principles of Consolidation (Details Textual)	6 Months Ended
	Jun. 30, 2023
First Community Bankers Insurance Co., LLC [Member]
Percentage of Ownership	100%

Note 2 - Basis of Presentatio_2

Note 2 - Basis of Presentation (Details Textual) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Feb. 28, 2023	Jan. 01, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Equity, Attributable to Parent	$ 49,834,244	$ 50,757,141		$ 49,492,852	$ 47,774,963	$ 48,188,980	$ 52,206,487	$ 56,621,458
Fair Value Hedging [Member] | Interest Rate Swap [Member]
Derivative, Notional Amount	$ 10,000,000		$ 10,000,000
Accounting Standards Update 2016-13 [Member]
Equity, Attributable to Parent					49,834,244
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for Credit Loss, Including Loans, Securities and Unfunded Loan Commitments				704,410
Equity, Attributable to Parent				$ (341,392)	$ (341,392)

Note 2 - Basis of Presentatio_3

Note 2 - Basis of Presentation - Impact of Implementation of ASC 326 (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Loans, gross	$ 536,262,628		$ 521,912,554	$ 521,679,143
Loans, allowance for credit loss	4,646,836		4,717,545	4,150,198	$ 3,648,128		$ 3,650,268
Loans, net	530,999,092		517,195,009	516,920,540
Held-to-Maturity, Allowance for Credit Loss	50,445	$ 60,592	51,990	0
Net deferred tax asset			129,607
Allowance for credit losses on off balance sheet credit exposures	49,300		85,073	0
Total equity	49,834,244	50,757,141	49,492,852	47,774,963	48,188,980	$ 52,206,487	56,621,458
Commercial Real Estate Portfolio Segment [Member]
Loans, gross	367,211,191			351,794,702
Loans, allowance for credit loss	2,673,102		2,467,744	2,818,582	2,481,232		2,482,930
Construction and Land Development [Member]
Loans, gross	24,940,684			23,978,373
Loans, allowance for credit loss	303,606		444,775	164,596	154,563		214,547
Residential Portfolio Segment [Member]
Loans, gross	112,054,777			114,683,149
Loans, allowance for credit loss	1,098,088		1,332,354	793,919	660,257		603,558
Commercial Portfolio Segment [Member]
Loans, gross	31,873,881			31,066,497
Loans, allowance for credit loss	477,651		472,503	337,303	277,705		255,413
Consumer Portfolio Segment [Member]
Loans, gross	182,095			156,422
Loans, allowance for credit loss	3,955		169	4,706	3,478		4,370
Unallocated Financing Receivables [Member]
Loans, allowance for credit loss	$ 90,434		0	31,092	$ 70,893		$ 89,450
Accounting Standards Update 2016-13 [Member]
Loans, gross				521,679,143
Loans, allowance for credit loss				4,150,198
Loans, net				517,528,945
Held-to-Maturity, Allowance for Credit Loss				0
Net deferred tax asset				0
Allowance for credit losses on off balance sheet credit exposures				0
Total equity				49,834,244
Accounting Standards Update 2016-13 [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans, allowance for credit loss				2,818,582
Accounting Standards Update 2016-13 [Member] | Construction and Land Development [Member]
Loans, allowance for credit loss				164,596
Accounting Standards Update 2016-13 [Member] | Residential Portfolio Segment [Member]
Loans, allowance for credit loss				793,919
Accounting Standards Update 2016-13 [Member] | Commercial Portfolio Segment [Member]
Loans, allowance for credit loss				337,303
Accounting Standards Update 2016-13 [Member] | Consumer Portfolio Segment [Member]
Loans, allowance for credit loss				4,706
Accounting Standards Update 2016-13 [Member] | Unallocated Financing Receivables [Member]
Loans, allowance for credit loss				31,092
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Loans, gross			233,411
Loans, allowance for credit loss			567,347	567,347
Loans, net			(333,936)
Held-to-Maturity, Allowance for Credit Loss		$ 0	51,990	51,990
Net deferred tax asset			129,607
Allowance for credit losses on off balance sheet credit exposures			85,073	85,073
Total equity			(341,392)	(341,392)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans, allowance for credit loss			(350,838)	(350,838)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development [Member]
Loans, allowance for credit loss			280,179	280,179
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member]
Loans, allowance for credit loss			538,435	538,435
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Portfolio Segment [Member]
Loans, allowance for credit loss			135,200	135,200
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member]
Loans, allowance for credit loss			(4,537)	(4,537)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member]
Loans, allowance for credit loss			$ (31,092)	$ (31,092)

Note 3 - Investment Securitie_2

Note 3 - Investment Securities (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$ 5,612,435	$ 12,541,788
Securities Called at a Premium [Member]
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	0	$ 0
Asset Pledged as Collateral [Member] | Government Deposits and Securities Sold Under Repurchase Agreement [Member]
Debt Securities	$ 50,425,933		$ 24,258,980

Note 3 - Investment Securitie_3

Note 3 - Investment Securities - Investments in Debt Securities (Details) - USD ($)	Jun. 30, 2023	Mar. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Amortized cost, available for sale	$ 144,168,188			$ 149,914,393
Unrealized gains, available for sale	1,491			1,425
Unrealized losses, available for sale	24,408,899			23,601,369
Fair value, available for sale	119,760,780			126,314,449
AFS, allowance for credit loss	0
AFS, net	119,760,780
Held To Maturity Securities	20,238,903
Fair value, held to maturity	18,728,272
HTM, allowance for credit loss	50,445	$ 60,592	$ 51,990	0
HTM, net	20,188,458			20,508,997
US States and Political Subdivisions Debt Securities [Member]
Amortized cost, available for sale	500,000			570,122
Unrealized gains, available for sale	0			0
Unrealized losses, available for sale	22,335			17,841
Fair value, available for sale	477,665			552,281
AFS, allowance for credit loss	0
AFS, net	477,665
Held To Maturity Securities	20,238,903			20,508,997
Unrealized gains, held to maturity	3,788			4,176
Unrealized losses, held to maturity	1,514,419			1,633,378
Fair value, held to maturity	18,728,272			18,879,795
HTM, allowance for credit loss	50,445
HTM, net	20,188,458
SBA Pools [Member]
Amortized cost, available for sale	889,827			1,033,606
Unrealized gains, available for sale	1,491			1,425
Unrealized losses, available for sale	13,312			15,234
Fair value, available for sale	878,006			1,019,797
AFS, allowance for credit loss	0
AFS, net	878,006
Corporate Debt Securities [Member]
Amortized cost, available for sale	10,383,317			10,414,146
Unrealized gains, available for sale	0			0
Unrealized losses, available for sale	1,393,826			1,024,250
Fair value, available for sale	8,989,491			9,389,896
AFS, allowance for credit loss	0
AFS, net	8,989,491
Collateralized Mortgage-Backed Securities [Member]
Amortized cost, available for sale	132,395,044			137,896,519
Unrealized gains, available for sale	0			0
Unrealized losses, available for sale	22,979,426			22,544,044
Fair value, available for sale	109,415,618			$ 115,352,475
AFS, allowance for credit loss	0
AFS, net	$ 109,415,618

Note 3 - Investment Securitie_4

Note 3 - Investment Securities - Rating for Held to Maturity Securities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Held To Maturity Securities	$ 20,238,903
US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	20,238,903	$ 20,508,997
Standard & Poor's, AAA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	2,778,312
Standard & Poor's, AA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	10,392,194
Standard & Poor's, A Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	3,800,050
Standard & Poor's, BAA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	247,767
Not Rated [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	$ 3,020,580

Note 3 - Investment Securitie_5

Note 3 - Investment Securities - Allowance for Credit Loss on Held to Maturity Securities (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Beginning balance	$ 60,592	$ 0
Credit loss expense (recovery)	(10,147)	(1,545)
Ending balance	50,445	50,445
Accounting Standards Update 2016-13 [Member]
Beginning balance		0
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance	$ 0	$ 51,990

Note 3 - Investment Securitie_6

Note 3 - Investment Securities - Contractual Maturities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Available for Sale Amortized cost, Within one year	$ 1,009,346
Available for Sale Fair value, Within one year	988,430
Held to Maturity Amortized cost, Within one year	0
Held to Maturity Fair value, Within one year	0
Available for Sale Amortized cost, Over one to five years	2,554,552
Available for Sale Fair value, Over one to five years	2,374,395
Held to Maturity Amortized cost, Over one to five years	477,767
Held to Maturity Fair value, Over one to five years	472,557
Available for Sale Amortized cost, Fair value, Over one to five years	7,319,419
Available for Sale Fair value, Over five to ten years	6,104,331
Held to Maturity Amortized cost, Over five to ten years	3,508,370
Held to Maturity Fair value, Over five to ten years	3,368,685
Available for Sale Amortized cost, Over ten years	0
Available for Sale Fair value, Over ten years	0
Held to Maturity Amortized cost, Over ten years	16,252,766
Held to Maturity Fair value, Over ten years	14,887,030
Available for Sale Amortized cost, total maturity	10,883,317
Available for Sale Fair value, total maturity	9,467,156
Held to Maturity Amortized cost, total maturity	20,238,903
Held to Maturity Fair value, total maturity	18,728,272
Available for Sale Amortized cost, due in monthly installments	133,284,871
Available for Sale Fair value, due in monthly installments	110,293,624
Held to Maturity Amortized cost, due in monthly installments	0
Held to Maturity Fair value, due in monthly installments	0
Available for Sale, Amortized cost	144,168,188	$ 149,914,393
Available for Sale Fair value Total	119,760,780	$ 126,314,449
Held to Maturity Amortized cost Total	20,238,903
Held to Maturity Fair value Total	$ 18,728,272

Note 3 - Investment Securitie_7

Note 3 - Investment Securities - Gross Unrealized Losses on Continuous Basis for Investment Securities (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Less than 12 months Fair value	$ 4,614,047	$ 43,137,981
Less than 12 months Unrealized losses	371,156	3,707,309
12 months or more Fair value	115,000,842	97,268,040
12 months or more Unrealized losses	24,037,743	21,527,438
Total Fair value	119,614,889	140,406,021
Total Unrealized losses	24,408,899	25,234,747
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months Fair value	243,183	13,668,676
Less than 12 months Unrealized losses	6,817	1,057,412
12 months or more Fair value	234,482	1,537,715
12 months or more Unrealized losses	15,518	593,807
Total Fair value	477,665	15,206,391
Total Unrealized losses	22,335	1,651,219
SBA Pools [Member]
Less than 12 months Fair value	0	0
Less than 12 months Unrealized losses	0	0
12 months or more Fair value	732,115	857,259
12 months or more Unrealized losses	13,312	15,234
Total Fair value	732,115	857,259
Total Unrealized losses	13,312	15,234
Corporate Debt Securities [Member]
Less than 12 months Fair value	1,197,336	4,184,875
Less than 12 months Unrealized losses	209,701	356,746
12 months or more Fair value	7,792,155	4,805,021
12 months or more Unrealized losses	1,184,125	667,504
Total Fair value	8,989,491	8,989,896
Total Unrealized losses	1,393,826	1,024,250
Collateralized Mortgage-Backed Securities [Member]
Less than 12 months Fair value	3,173,528	25,284,430
Less than 12 months Unrealized losses	154,638	2,293,151
12 months or more Fair value	106,242,090	90,068,045
12 months or more Unrealized losses	22,824,788	20,250,893
Total Fair value	109,415,618	115,352,475
Total Unrealized losses	$ 22,979,426	$ 22,544,044

Note 4 - Loans and Allowance _3

Note 4 - Loans and Allowance for Credit Losses (Details Textual)	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Nonaccrual, Interest Income	$ 0	$ 0
Financing Receivable, Nonaccrual	$ 655,410	655,410
Impaired Financing Receivable, Related Allowance		281,910
Financing Receivable, Modifications, Number of Contracts	0
Loans Acquired, Accretable Yield	$ 676,160
Loans Acquired, Outstanding Balance	81,459,568
Loans Acquired, Carrying Amount, Net	81,419,390
Nonaccrual Loans [Member]
Impaired Financing Receivable, Related Allowance	402,449	281,910
Nonperforming Financial Instruments [Member]
Financing Receivable, Nonaccrual, Interest Income	$ 22,740	$ 45,856
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Number of Loans, Nonaccrual Status	1	1
Financing Receivable, Nonaccrual	$ 502,961	$ 502,961
Impaired Financing Receivable, Related Allowance		$ 129,461
Commercial Portfolio Segment [Member]
Financing Receivable, Number of Loans, Nonaccrual Status	1	1
Financing Receivable, Nonaccrual	$ 152,449	$ 152,449
Impaired Financing Receivable, Related Allowance		$ 152,449

Note 4 - Loans and Allowance _4

Note 4 - Loans and Allowance for Credit Losses - Major Categories of Loans (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021
Loans	$ 536,262,628	$ 521,912,554	$ 521,679,143
Loans, allowance for credit loss	4,646,836	4,717,545	4,150,198	$ 3,648,128	$ 3,650,268
Deferred origination fees net of costs	616,700		608,405
Financing Receivable, after Allowance for Credit Loss	530,999,092	517,195,009	516,920,540
Commercial Real Estate Portfolio Segment [Member]
Loans	367,211,191		351,794,702
Loans, allowance for credit loss	2,673,102	2,467,744	2,818,582	2,481,232	2,482,930
Construction and Land Development [Member]
Loans	24,940,684		23,978,373
Loans, allowance for credit loss	303,606	444,775	164,596	154,563	214,547
Residential Portfolio Segment [Member]
Loans	112,054,777		114,683,149
Loans, allowance for credit loss	1,098,088	1,332,354	793,919	660,257	603,558
Commercial Portfolio Segment [Member]
Loans	31,873,881		31,066,497
Loans, allowance for credit loss	477,651	472,503	337,303	277,705	255,413
Consumer Portfolio Segment [Member]
Loans	182,095		156,422
Loans, allowance for credit loss	$ 3,955	$ 169	$ 4,706	$ 3,478	$ 4,370

Note 4 - Loans and Allowance _5

Note 4 - Loans and Allowance for Credit Losses - Non-accrual Loans (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Nonaccrual, No Allowance	$ 0	$ 0
Nonaccrual loans	655,410	655,410
Still Accruing	0	0
Commercial Real Estate Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	502,961	502,961
Still Accruing	0	0
Construction and Land Development [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	0	0
Still Accruing	0	0
Residential Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	0	0
Still Accruing	0	0
Commercial Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	152,449	152,449
Still Accruing	0	0
Consumer Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	0	0
Still Accruing	$ 0	$ 0

Note 4 - Loans and Allowance _6

Note 4 - Loans and Allowance for Credit Losses - Past Due Loans (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans	$ 536,262,628	$ 521,912,554	$ 521,679,143
Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		311,409
Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	655,410		655,410
Financial Asset, Past Due [Member]
Loans	655,410		966,819
Financial Asset, Not Past Due [Member]
Loans	535,607,218		520,712,324
Commercial Real Estate Portfolio Segment [Member]
Loans	367,211,191		351,794,702
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	502,961		502,961
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans	502,961		502,961
Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	366,708,230		351,291,741
Construction and Land Development [Member]
Loans	24,940,684		23,978,373
Construction and Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		0
Construction and Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Construction and Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0		0
Construction and Land Development [Member] | Financial Asset, Past Due [Member]
Loans	0		0
Construction and Land Development [Member] | Financial Asset, Not Past Due [Member]
Loans	24,940,684		23,978,373
Residential Portfolio Segment [Member]
Loans	112,054,777		114,683,149
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		311,409
Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0		0
Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans	0		311,409
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	112,054,777		114,371,740
Commercial Portfolio Segment [Member]
Loans	31,873,881		31,066,497
Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		0
Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	152,449		152,449
Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans	152,449		152,449
Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	31,721,432		30,914,048
Consumer Portfolio Segment [Member]
Loans	182,095		156,422
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0		0
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0		0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0		0
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans	0		0
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	$ 182,095		$ 156,422

Note 4 - Loans and Allowance _7

Note 4 - Loans and Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans	$ 536,262,628	$ 521,912,554	$ 521,679,143
Commercial Real Estate Portfolio Segment [Member]
Loans	367,211,191		351,794,702
Construction and Land Development [Member]
Loans	24,940,684		23,978,373
Residential Portfolio Segment [Member]
Loans	112,054,777		114,683,149
Commercial Portfolio Segment [Member]
Loans	31,873,881		31,066,497
Consumer Portfolio Segment [Member]
Loans	182,095		$ 156,422
Collateral Pledged [Member]
Loans	933,511
Collateral Pledged [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	502,961
Collateral Pledged [Member] | Construction and Land Development [Member]
Loans	0
Collateral Pledged [Member] | Residential Portfolio Segment [Member]
Loans	278,101
Collateral Pledged [Member] | Commercial Portfolio Segment [Member]
Loans	152,449
Collateral Pledged [Member] | Consumer Portfolio Segment [Member]
Loans	$ 0

Note 4 - Loans and Allowance _8

Note 4 - Loans and Allowance for Credit Losses - Impaired Loans (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Unpaid Contractual Principal Balance	$ 7,428,214
Recorded Investment With No Allowance	6,772,804
Recorded Investment With Allowance	655,410
Total Recorded Investment	7,428,214
Related Allowance	281,910
Average Recorded Investment	7,220,412
Interest Recognized	234,070
Commercial Real Estate Portfolio Segment [Member]
Unpaid Contractual Principal Balance	7,019,415
Recorded Investment With No Allowance	6,516,454
Recorded Investment With Allowance	502,961
Total Recorded Investment	7,019,415
Related Allowance	129,461
Average Recorded Investment	6,920,174
Interest Recognized	223,476
Residential Portfolio Segment [Member]
Unpaid Contractual Principal Balance	256,350
Recorded Investment With No Allowance	256,350
Recorded Investment With Allowance	0
Total Recorded Investment	256,350
Related Allowance	0
Average Recorded Investment	147,789
Interest Recognized	10,594
Commercial Portfolio Segment [Member]
Unpaid Contractual Principal Balance	152,449
Recorded Investment With No Allowance	0
Recorded Investment With Allowance	152,449
Total Recorded Investment	152,449
Related Allowance	152,449
Average Recorded Investment	152,449
Interest Recognized	$ 0

Note 4 - Loans and Allowance _9

Note 4 - Loans and Allowance for Credit Losses - Loans by Credit Grade (Details) - USD ($)	Jun. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans, current year	$ 34,337,978
Loans, one year before	109,759,275
Loans, two years before	75,779,993
Loans, three years before	35,010,000
Loans, four years before	46,335,568
Loans, prior	216,199,865
Loans, revolving	18,839,949
Loans	536,262,628	$ 521,912,554	$ 521,679,143
Excellent [Member]
Loans			195,251
Above Average [Member]
Loans			588,823
Average [Member]
Loans			109,970,159
Acceptable [Member]
Loans			293,819,274
Pass [Member]
Loans, current year	34,337,978
Loans, one year before	109,759,275
Loans, two years before	75,778,072
Loans, three years before	35,010,000
Loans, four years before	46,183,119
Loans, prior	204,951,425
Loans, revolving	18,805,209
Loans	524,825,078		99,468,580
Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		5,530,925
Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	152,449
Loans, prior	11,248,440
Loans, revolving	0
Loans	11,400,889		12,070,750
Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	1,921
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	34,740
Loans	36,661		35,381
Commercial Real Estate Portfolio Segment [Member]
Loans, current year	22,449,500
Loans, one year before	73,754,940
Loans, two years before	56,090,575
Loans, three years before	20,186,200
Loans, four years before	28,016,525
Loans, prior	164,185,511
Loans, revolving	2,527,940
Loans	367,211,191		351,794,702
Commercial Real Estate Portfolio Segment [Member] | Excellent [Member]
Loans			0
Commercial Real Estate Portfolio Segment [Member] | Above Average [Member]
Loans			0
Commercial Real Estate Portfolio Segment [Member] | Average [Member]
Loans			65,908,980
Commercial Real Estate Portfolio Segment [Member] | Acceptable [Member]
Loans			201,854,424
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans, current year	22,449,500
Loans, one year before	73,754,940
Loans, two years before	56,090,575
Loans, three years before	20,186,200
Loans, four years before	28,016,525
Loans, prior	154,654,808
Loans, revolving	2,527,940
Loans	357,680,488		70,826,837
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		3,558,954
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	9,530,703
Loans, revolving	0
Loans	9,530,703		9,645,507
Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Construction and Land Development [Member]
Loans, current year	2,779,462
Loans, one year before	7,507,781
Loans, two years before	4,703,112
Loans, three years before	3,059,907
Loans, four years before	336,724
Loans, prior	6,064,536
Loans, revolving	489,162
Loans	24,940,684		23,978,373
Construction and Land Development [Member] | Excellent [Member]
Loans			0
Construction and Land Development [Member] | Above Average [Member]
Loans			0
Construction and Land Development [Member] | Average [Member]
Loans			3,845,351
Construction and Land Development [Member] | Acceptable [Member]
Loans			12,087,402
Construction and Land Development [Member] | Pass [Member]
Loans, current year	2,779,462
Loans, one year before	7,507,781
Loans, two years before	4,703,112
Loans, three years before	3,059,907
Loans, four years before	336,724
Loans, prior	6,064,536
Loans, revolving	489,162
Loans	24,940,684		8,045,620
Construction and Land Development [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Construction and Land Development [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Construction and Land Development [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Residential Portfolio Segment [Member]
Loans, current year	5,479,027
Loans, one year before	19,566,575
Loans, two years before	10,055,481
Loans, three years before	8,690,939
Loans, four years before	16,510,252
Loans, prior	44,785,762
Loans, revolving	6,966,741
Loans	112,054,777		114,683,149
Residential Portfolio Segment [Member] | Excellent [Member]
Loans			15,613
Residential Portfolio Segment [Member] | Above Average [Member]
Loans			573,108
Residential Portfolio Segment [Member] | Average [Member]
Loans			35,774,807
Residential Portfolio Segment [Member] | Acceptable [Member]
Loans			63,833,864
Residential Portfolio Segment [Member] | Pass [Member]
Loans, current year	5,479,027
Loans, one year before	19,566,575
Loans, two years before	10,055,481
Loans, three years before	8,690,939
Loans, four years before	16,510,252
Loans, prior	43,068,025
Loans, revolving	6,966,741
Loans	110,337,040		10,815,681
Residential Portfolio Segment [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		1,397,282
Residential Portfolio Segment [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	1,717,737
Loans, revolving	0
Loans	1,717,737		2,272,794
Residential Portfolio Segment [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Commercial Portfolio Segment [Member]
Loans, current year	3,565,274
Loans, one year before	8,884,102
Loans, two years before	4,921,723
Loans, three years before	3,059,640
Loans, four years before	1,457,722
Loans, prior	1,164,054
Loans, revolving	8,821,366
Loans	31,873,881		31,066,497
Commercial Portfolio Segment [Member] | Excellent [Member]
Loans			178,916
Commercial Portfolio Segment [Member] | Above Average [Member]
Loans			0
Commercial Portfolio Segment [Member] | Average [Member]
Loans			4,347,337
Commercial Portfolio Segment [Member] | Acceptable [Member]
Loans			16,039,145
Commercial Portfolio Segment [Member] | Pass [Member]
Loans, current year	3,565,274
Loans, one year before	8,884,102
Loans, two years before	4,921,723
Loans, three years before	3,059,640
Loans, four years before	1,305,273
Loans, prior	1,164,054
Loans, revolving	8,821,366
Loans	31,721,432		9,773,961
Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		574,689
Commercial Portfolio Segment [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	152,449
Loans, prior	0
Loans, revolving	0
Loans	152,449		152,449
Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Consumer Portfolio Segment [Member]
Loans, current year	64,715
Loans, one year before	45,877
Loans, two years before	9,102
Loans, three years before	13,314
Loans, four years before	14,345
Loans, prior	2
Loans, revolving	34,740
Loans	182,095		156,422
Consumer Portfolio Segment [Member] | Excellent [Member]
Loans			722
Consumer Portfolio Segment [Member] | Above Average [Member]
Loans			15,715
Consumer Portfolio Segment [Member] | Average [Member]
Loans			93,684
Consumer Portfolio Segment [Member] | Acceptable [Member]
Loans			4,439
Consumer Portfolio Segment [Member] | Pass [Member]
Loans, current year	64,715
Loans, one year before	45,877
Loans, two years before	7,181
Loans, three years before	13,314
Loans, four years before	14,345
Loans, prior	2
Loans, revolving	0
Loans	145,434		6,481
Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Consumer Portfolio Segment [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0		0
Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	1,921
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	34,740
Loans	$ 36,661		$ 35,381

Note 4 - Loans and Allowance_10

Note 4 - Loans and Allowance for Credit Losses - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022	Jan. 01, 2023
Allowance for loan losses		$ 4,150,198	$ 3,650,268	$ 3,650,268
Provision for loan losses		(457,682)	0	475,000
Charge-offs	$ 0	0	(10,240)	(10,240)
Recoveries	11,875	386,973	8,100	35,170
Allowance for loan losses	4,646,836	4,646,836	3,648,128	4,150,198
Allowance for loan losses ending balance evaluated for impairment individually	476,657	476,657	281,910	281,910
Allowance for loan losses ending balance evaluated for impairment collectively	933,511	933,511	3,366,218	3,868,288
Outstanding loan balances evaluated for impairment individually	535,329,117	535,329,117	7,075,986	7,428,214
Loans	536,262,628	536,262,628		521,679,143	$ 521,912,554
Outstanding loan balances evaluated for impairment collectively			487,575,814	513,671,724
Beginning balance		0
Credit loss recovery		(35,773)
Balance at June 30, 2023	49,300	49,300		0
Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	4,170,179	4,170,179	0	0
Loans			637,473	579,205
Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		4,150,198
Allowance for loan losses				4,150,198
Loans				521,679,143
Beginning balance		0
Balance at June 30, 2023				0
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		567,347
Allowance for loan losses				567,347
Loans					$ 233,411
Beginning balance		85,073
Balance at June 30, 2023				85,073
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses		2,818,582	2,482,930	2,482,930
Provision for loan losses		205,358	6,074	343,424
Charge-offs		0	(7,772)	(7,772)
Recoveries		0	0	0
Allowance for loan losses	2,673,102	2,673,102	2,481,232	2,818,582
Allowance for loan losses ending balance evaluated for impairment individually	250,000	250,000	129,461	129,461
Allowance for loan losses ending balance evaluated for impairment collectively	502,961	502,961	2,351,771	2,689,121
Outstanding loan balances evaluated for impairment individually	366,708,230	366,708,230	6,887,147	7,019,415
Loans	367,211,191	367,211,191		351,794,702
Outstanding loan balances evaluated for impairment collectively			325,392,412	344,775,287
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	2,423,102	2,423,102	0	0
Loans			15,065	0
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		2,818,582
Allowance for loan losses				2,818,582
Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		(350,838)
Allowance for loan losses				(350,838)
Construction and Land Development [Member]
Allowance for loan losses		164,596	214,547	214,547
Provision for loan losses		(153,094)	(68,084)	(66,151)
Charge-offs		0	0	0
Recoveries		11,925	8,100	16,200
Allowance for loan losses	303,606	303,606	154,563	164,596
Allowance for loan losses ending balance evaluated for impairment individually	0	0	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	0	154,563	164,596
Outstanding loan balances evaluated for impairment individually	24,940,684	24,940,684	0	0
Loans	24,940,684	24,940,684		23,978,373
Outstanding loan balances evaluated for impairment collectively			23,312,517	23,608,751
Construction and Land Development [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	303,606	303,606	0	0
Loans			377,854	369,622
Construction and Land Development [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		164,596
Allowance for loan losses				164,596
Construction and Land Development [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		280,179
Allowance for loan losses				280,179
Residential Portfolio Segment [Member]
Allowance for loan losses		793,919	603,558	603,558
Provision for loan losses		(609,314)	56,699	171,391
Charge-offs		0	0	0
Recoveries		375,048	0	18,970
Allowance for loan losses	1,098,088	1,098,088	660,257	793,919
Allowance for loan losses ending balance evaluated for impairment individually	74,208	74,208	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	278,101	278,101	660,257	793,919
Outstanding loan balances evaluated for impairment individually	111,776,676	111,776,676	36,390	256,350
Loans	112,054,777	112,054,777		114,683,149
Outstanding loan balances evaluated for impairment collectively			111,212,426	114,217,216
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	1,023,880	1,023,880	0	0
Loans			244,554	209,583
Residential Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		793,919
Allowance for loan losses				793,919
Residential Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		538,435
Allowance for loan losses				538,435
Commercial Portfolio Segment [Member]
Allowance for loan losses		337,303	255,413	255,413
Provision for loan losses		5,148	24,760	84,358
Charge-offs		0	(2,468)	(2,468)
Recoveries		0	0	0
Allowance for loan losses	477,651	477,651	277,705	337,303
Allowance for loan losses ending balance evaluated for impairment individually	152,449	152,449	152,449	152,449
Allowance for loan losses ending balance evaluated for impairment collectively	152,449	152,449	125,256	184,854
Outstanding loan balances evaluated for impairment individually	31,721,432	31,721,432	152,449	152,449
Loans	31,873,881	31,873,881		31,066,497
Outstanding loan balances evaluated for impairment collectively			27,461,196	30,914,048
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	325,202	325,202	0	0
Loans			0	0
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		337,303
Allowance for loan losses				337,303
Commercial Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		135,200
Allowance for loan losses				135,200
Consumer Portfolio Segment [Member]
Allowance for loan losses		4,706	4,370	4,370
Provision for loan losses		3,786	(892)	336
Charge-offs		0	0	0
Recoveries		0	0	0
Allowance for loan losses	3,955	3,955	3,478	4,706
Allowance for loan losses ending balance evaluated for impairment individually	0	0	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	0	3,478	4,706
Outstanding loan balances evaluated for impairment individually	182,095	182,095	0	0
Loans	182,095	182,095		156,422
Outstanding loan balances evaluated for impairment collectively			197,263	156,422
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	3,955	3,955	0	0
Loans			0	0
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		4,706
Allowance for loan losses				4,706
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		(4,537)
Allowance for loan losses				(4,537)
Unallocated Financing Receivables [Member]
Allowance for loan losses		31,092	89,450	89,450
Provision for loan losses		90,434	(18,557)	(58,358)
Charge-offs		0	0	0
Recoveries		0	0	0
Allowance for loan losses	90,434	90,434	70,893	31,092
Allowance for loan losses ending balance evaluated for impairment individually	0	0	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	0	70,893	31,092
Outstanding loan balances evaluated for impairment individually	0	0	0	0
Outstanding loan balances evaluated for impairment collectively			0	0
Unallocated Financing Receivables [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses		0
Allowance for loan losses	$ 90,434	90,434	0	0
Loans			$ 0	0
Unallocated Financing Receivables [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for loan losses		31,092
Allowance for loan losses				31,092
Unallocated Financing Receivables [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses		$ (31,092)
Allowance for loan losses				$ (31,092)

Note 4 - Loans and Allowance_11

Note 4 - Loans and Allowance for Credit Losses - Activity for Accretable Yield of Purchased Loans (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Balance at December 31, 2022	$ 930,973
Accretion	214,635
Balance at June 30, 2023	$ 716,338

Note 4 - Loans and Allowance_12

Note 4 - Loans and Allowance for Credit Losses - Components of Allowance for Credit Losses (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Balance	$ 4,959,706	$ 4,150,198
Provision (recovery) of credit losses	(225,000)	(495,000)
Charge-offs	0	0	$ (10,240)	$ (10,240)
Recoveries	11,875	386,973	$ 8,100	35,170
Balance	4,746,581	4,746,581		4,150,198
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0	704,410
Balance				704,410
Held-to-Maturity Securities [Member]
Balance	60,592	0
Provision (recovery) of credit losses	(10,147)	(1,545)
Charge-offs	0	0
Recoveries	0	0
Balance	50,445	50,445		0
Held-to-Maturity Securities [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0	51,990
Balance				51,990
Loans [Member]
Balance	4,822,643	4,150,198
Provision (recovery) of credit losses	(187,682)	(457,682)
Charge-offs	0	0
Recoveries	11,875	386,973
Balance	4,646,836	4,646,836		4,150,198
Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	0	567,347
Balance				567,347
Unfunded Loan Commitments [Member]
Balance	76,471	0
Provision (recovery) of credit losses	(27,171)	(35,773)
Charge-offs	0	0
Recoveries	0	0
Balance	49,300	49,300		0
Unfunded Loan Commitments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	$ 0	$ 85,073
Balance				$ 85,073

Note 5 - Goodwill and Other I_3

Note 5 - Goodwill and Other Intangibles (Details Textual) - Core Deposits [Member]	Jun. 30, 2023 USD ($)
Finite-Lived Intangible Asset, Useful Life (Year)	10 years
Finite-Lived Intangible Asset, Expected Amortization, Year One	$ 8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Ten	6,246
Finite-Lived Intangible Asset, Expected Amortization, Year Three	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Two	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Four	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Five	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Six	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Seven	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Eight	8,328
Finite-Lived Intangible Asset, Expected Amortization, Year Nine	$ 8,328

Note 5 - Goodwill and Other I_4

Note 5 - Goodwill and Other Intangibles - Changes in Goodwill and Other Intangibles (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Balance	$ 6,978,208
Balance	7,042,752
Amortization	(4,164)
Balance	6,978,208
Balance	7,038,588
Core Deposits [Member]
Balance, other intangible	64,544
Amortization, other intangible	(4,164)
Balance, other intangible	$ 60,380

Note 6 - Capital Standards (Det

Note 6 - Capital Standards (Details Textual)	Jun. 30, 2023	Dec. 31, 2022
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum	0.065	0.0650
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.0800
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.1000
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.0500

Note 6 - Capital Standards - Ca

Note 6 - Capital Standards - Capital Requirements (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Capital	$ 78,179	$ 75,826
Capital to Risk Weighted Assets	0.1300	0.1296
Capital Required for Capital Adequacy	$ 63,137	$ 61,410
Capital Required for Capital Adequacy to Risk Weighted Assets	0.1050	0.1050
Capital Required to be Well Capitalized	$ 60,131	$ 58,486
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.1000
Tier One Risk Based Capital	$ 73,482	$ 71,676
Tier One Risk Based Capital to Risk Weighted Assets	0.1222	0.1226
Tier One Risk Based Capital Required for Capital Adequacy	$ 51,111	$ 49,713
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.0850	0.0850
Tier One Risk Based Capital Required to be Well Capitalized	$ 48,105	$ 46,789
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.0800
Common Equity Tier One Capital	$ 73,482	$ 71,676
Common Equity Tier One Capital Ratio	0.1222	0.1226
Common Equity Tier One Capital Required for Capital Adequacy	$ 42,091	$ 40,940
Common Equity Tier One Capital Required for Capital Adequacy Ratio	0.0700	0.0700
Common Equity Tier One Capital Required to be Well-Capitalized	$ 39,085	$ 38,016
Common Equity Tier One Capital Required to be Well Capitalized Ratio	0.065	0.0650
Tier One Leverage Capital	$ 73,482	$ 71,676
Tier One Leverage Capital to Average Assets	0.0999	0.0983
Tier One Leverage Capital Required for Capital Adequacy	$ 29,436	$ 29,167
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.0400	0.0400
Tier One Leverage Capital Required to be Well Capitalized	$ 36,796	$ 36,459
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.0500

Note 7 - Derivative Financial_3

Note 7 - Derivative Financial Instrument (Details Textual) - USD ($)	Jun. 30, 2023	Feb. 28, 2023
Interest Rate Swap [Member] | Fair Value Hedging [Member]
Derivative, Notional Amount	$ 10,000,000	$ 10,000,000

Note 7 - Derivative Financial_4

Note 7 - Derivative Financial Instrument - Schedule of Derivative Instruments (Details)	Jun. 30, 2023 USD ($)
Securities Available for Sale [Member]
Securities available for sale	$ 21,861,298
Fair Value Hedge, Cumulative Adjustment	(32,713)
Other Assets [Member] | Designated as Hedging Instrument [Member]
Securities available for sale	74,454
Other Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Securities available for sale	$ 74,454

Note 7 - Derivative Financial_5

Note 7 - Derivative Financial Instrument - Derivative Instruments, Gain (Loss) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - Fair Value Hedging [Member]	6 Months Ended
	Jun. 30, 2023 USD ($)
Hedged items	$ (32,713)
Interest rate contracts designated as hedging instruments	74,454
Net gain on fair value hedging relationships included in interest income	$ 41,741

Note 8 - Fair Value (Details Te

Note 8 - Fair Value (Details Textual)	6 Months Ended
	Jun. 30, 2023
Other Real Estate Owned [Member]
Expected Sales Costs to Appraised Value, Percentage	10%
Impaired Loans [Member]
Expected Sales Costs to Appraised Value, Percentage	10%

Note 8 - Fair Value - Summarize

Note 8 - Fair Value - Summarizes Financial Assets Measured at Fair Value (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair value, available for sale	$ 119,760,780	$ 126,314,449
Mutual fund	493,489	489,145
Fair Value, Recurring [Member]
Fair value, available for sale	119,760,780	126,314,449
Fair value hedge	74,454
Mutual fund	493,489	489,145
Fair Value, Nonrecurring [Member]
Other real estate owned, net	1,242,365	1,242,365
Collateral-dependent loans, net	456,854
Impaired loans, net		373,500
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
Fair value hedge	0
Mutual fund	493,489	489,145
Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member]
Other real estate owned, net	0	0
Collateral-dependent loans, net	0
Impaired loans, net		0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	119,760,780	125,914,449
Fair value hedge	74,454
Mutual fund	0	0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member]
Other real estate owned, net	0	0
Collateral-dependent loans, net	0
Impaired loans, net		0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	400,000
Fair value hedge	0
Mutual fund	0	0
Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Other real estate owned, net	1,242,365	1,242,365
Collateral-dependent loans, net	456,854
Impaired loans, net		373,500
US States and Political Subdivisions Debt Securities [Member]
Fair value, available for sale	477,665	552,281
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	477,665	552,281
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	477,665	552,281
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
SBA Pools [Member]
Fair value, available for sale	878,006	1,019,797
SBA Pools [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	878,006	1,019,797
SBA Pools [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
SBA Pools [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	878,006	1,019,797
SBA Pools [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
Corporate Debt Securities [Member]
Fair value, available for sale	8,989,491	9,389,896
Corporate Debt Securities [Member] | Fair Value, Nonrecurring [Member]
Fair value, available for sale	8,989,491	9,389,896
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Nonrecurring [Member]
Fair value, available for sale	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member]
Fair value, available for sale	8,989,491	8,989,896
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Nonrecurring [Member]
Fair value, available for sale	0	400,000
Collateralized Mortgage-Backed Securities [Member]
Fair value, available for sale	109,415,618	115,352,475
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	109,415,618	115,352,475
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	0	0
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	109,415,618	115,352,475
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	$ 0	$ 0

Note 8 - Fair Value - Assets Me

Note 8 - Fair Value - Assets Measured on a Nonrecurring Basis (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Other Real Estate Owned [Member]
Percent, expected sales cost to appraised rate	10%
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateral Dependent Loans [Member]
Fair value	$ 456,854	$ 373,500
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateral Dependent Loans [Member] | Minimum [Member]
Percent, expected sales cost to appraised rate	0%	0%
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateral Dependent Loans [Member] | Maximum [Member]
Percent, expected sales cost to appraised rate	20%	20%
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateral Dependent Loans [Member] | Weighted Average [Member]
Percent, expected sales cost to appraised rate	(10.00%)	(10.00%)
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair value	$ 1,242,365	$ 1,242,365
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Minimum [Member]
Percent, expected sales cost to appraised rate	0%	0%
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Maximum [Member]
Percent, expected sales cost to appraised rate	10%	10%
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Percent, expected sales cost to appraised rate	(5.00%)	(5.00%)

Note 8 - Fair Value - Reconcili

Note 8 - Fair Value - Reconciliation of Level 3 Inputs (Details) - Corporate Bond Securities [Member]	6 Months Ended
	Jun. 30, 2023 USD ($)
Fair value beginning balance	$ 400,000
Transfer to level 2	(400,000)
Fair value ending balance	$ 0

Note 8 - Fair Value - Estimated

Note 8 - Fair Value - Estimated Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair value, held to maturity	$ 18,728,272
Securities held to maturity	18,728,272
Reported Value Measurement [Member]
Federal Reserve Bank advances	10,000,000	$ 0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	12,287,518	7,263,537
Noninterest-bearing deposits	120,971,669	126,695,349
Securities sold under repurchase agreements	4,062,938	5,175,303
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Certificates of deposit in other banks	100,000	100,000
Accrued interest receivable	1,825,427	1,815,784
Fair value, held to maturity	17,216,838	17,537,377
Mortgage loans held for sale	0	428,355
Restricted stock, at cost	1,077,500	1,332,500
Bank owned life insurance	14,757,189	14,585,342
Fair value hedge	74,454	0
Securities held to maturity	17,216,838	17,537,377
Interest-bearing deposits	510,839,221	496,915,775
Federal Home Loan Bank advances	14,000,000	20,000,000
Long-term debt	14,154,010	15,095,642
Accrued interest payable	1,120,963	349,910
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, held to maturity	2,971,620	2,971,620
Securities held to maturity	2,971,620	2,971,620
Loans, net	530,999,092	516,920,540
Estimate of Fair Value Measurement [Member]
Federal Reserve Bank advances	10,000,000	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	12,287,518	7,263,537
Noninterest-bearing deposits	120,971,669	126,695,349
Securities sold under repurchase agreements	4,062,938	5,175,303
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Certificates of deposit in other banks	100,000	100,000
Accrued interest receivable	1,825,427	1,815,784
Fair value, held to maturity	15,756,652	15,908,175
Mortgage loans held for sale	0	434,271
Restricted stock, at cost	1,077,500	1,332,500
Bank owned life insurance	14,757,189	14,585,342
Fair value hedge	74,454	0
Securities held to maturity	15,756,652	15,908,175
Interest-bearing deposits	507,555,221	492,769,775
Federal Home Loan Bank advances	13,672,000	19,622,000
Long-term debt	13,094,742	14,241,237
Accrued interest payable	1,120,963	349,910
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, held to maturity	2,971,620	2,971,620
Securities held to maturity	2,971,620	2,971,620
Loans, net	$ 517,037,970	$ 503,144,771

Note 9 - Earnings Per Share - B

Note 9 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income	$ 1,670,117	$ 2,050,733	$ 3,570,968	$ 4,101,535
Weighted average shares outstanding (in shares)	3,073,319	3,038,215	3,072,272	3,037,679
Earnings per share - basic and diluted (in dollars per share)	$ 0.54	$ 0.67	$ 1.16	$ 1.35

Note 10 - Retirement Plans (Det

Note 10 - Retirement Plans (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 65,775	$ 59,426	$ 143,450	$ 139,166
Number of Employees Covered by Life Insurance Policy	12		12
Other Postretirement Benefits Cost (Reversal of Cost)	$ 1,834	1,702	$ 3,668	3,405
Employee Benefits and Share-Based Compensation	$ 541,173	437,615	$ 1,135,230	949,407
Supplemental Employee Retirement Plan [Member]
Number of Employees Participating in Plan	4		4
Employee Benefits and Share-Based Compensation	$ 79,400	$ 45,000	$ 152,000	$ 90,000
Profit Sharing Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match			4%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage			100%