Farmers and Merchants Bancshares (FMFG) 10-K 11 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 28, 2024	Jun. 30, 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	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 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
Title of 12(b) Security	Common stock, par value $.01 per share
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 61,031,807
Entity Common Stock, Shares Outstanding		3,116,966
Auditor Firm ID	613
Auditor Name	YOUNT, HYDE & BARBOUR, P.C.
Auditor Location	Richmond, Virginia

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 44,404,473	$ 6,414,822
Federal funds sold and other interest-bearing deposits	285,864	848,715
Cash and cash equivalents	44,690,337	7,263,537
Certificates of deposit in other banks	100,000	100,000
Securities available for sale, at fair value	164,084,673	126,314,449
Securities held to maturity, at amortized cost less allowance for credit losses of $35,627 and $0	20,163,622	20,508,997
Equity security, at fair value	507,130	489,145
Restricted stock, at cost	863,500	1,332,500
Mortgage loans held for sale	0	428,355
Loans, less allowance for credit losses of $4,285,247 and $4,150,198	523,308,044	516,920,540
Premises and equipment, net	6,583,452	6,186,594
Accrued interest receivable	2,180,734	1,815,784
Deferred income taxes, net	8,312,482	8,392,658
Other real estate owned, net	1,242,365	1,242,365
Bank owned life insurance	14,930,754	14,585,342
Goodwill and other intangibles, net	7,034,424	7,042,752
Other assets	5,939,309	5,587,654
Assets	799,940,826	718,210,672
Deposits:
Noninterest-bearing	115,284,706	126,695,349
Interest-bearing	565,678,145	496,915,775
Total deposits	680,962,851	623,611,124
Securities sold under repurchase agreements	6,760,493	5,175,303
Federal Home Loan Bank of Atlanta advances	5,000,000	20,000,000
Federal Reserve Bank advances	33,000,000	0
Long-term debt, net of issuance costs	13,212,378	15,095,642
Accrued interest payable	1,482,773	349,910
Other liabilities	7,344,040	6,203,730
Liabilities	747,762,535	670,435,709
Stockholders' equity:
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,116,966 shares in 2023 and 3,071,214 shares in 2022	31,170	30,712
Additional paid-in capital	30,398,080	29,549,914
Retained earnings	39,433,185	35,300,166
Accumulated other comprehensive loss	(17,684,144)	(17,105,829)
Equity, Attributable to Parent	52,178,291	47,774,963
Liabilities and Equity	$ 799,940,826	$ 718,210,672

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Held-to-Maturity, Allowance for Credit Loss	$ 35,627	$ 51,990	$ 0
Loans, allowance for credit loss	$ 4,285,247	$ 4,585,831	$ 4,150,198	$ 3,650,268
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)	3,116,966		3,071,214
Common stock, share outstanding (in shares)	3,116,966		3,071,214

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income:
Loans, including fees	$ 25,730,722	$ 22,565,034
Investment securities - taxable	4,299,206	2,981,300
Investment securities - tax exempt	554,396	570,655
Federal funds sold and other interest earning assets	738,814	152,664
Total interest income	31,323,138	26,269,653
Interest expense:
Deposits	7,971,094	1,375,691
Securities sold under repurchase agreements	41,873	12,768
Federal Home Loan Bank advances	485,886	93,079
Federal Reserve Bank advances	823,319	0
Long-term debt	584,953	664,620
Total interest expense	9,907,125	2,146,158
Net interest income	21,416,013	24,123,495
(Recovery of) provision for credit losses	(570,000)	475,000
Net interest income after (recovery of) provision for credit losses	21,986,013	23,648,495
Noninterest income:
Mortgage banking income	96,997	214,043
Bank owned life insurance income	345,412	229,179
Fair value adjustment of equity security	5,445	(62,094)
Gain on sale of SBA loans	19,392	158,123
Gain on insurance proceeds, net	4,406	673,483
Total noninterest income	1,591,500	2,293,938
Noninterest expense:
Salaries	7,544,773	7,865,194
Employee benefits	2,000,932	1,798,150
Occupancy	874,775	890,926
Furniture and equipment	983,126	891,250
Professional services	642,365	894,715
Automated teller machine and debit card expenses	509,120	473,917
Federal Deposit Insurance Corporation premiums	339,016	180,196
Postage, delivery, and armored carrier	266,647	235,412
Advertising	270,308	258,032
Other real estate owned, net	(235,538)	21,705
Other	1,946,402	1,857,783
Total noninterest expense	15,141,926	15,367,280
Income before income taxes	8,435,587	10,575,153
Income taxes	2,017,250	2,485,026
Net income	$ 6,418,337	$ 8,090,127
Earnings per common share - basic (in dollars per share)	$ 2.08	$ 2.66
Earnings per common share - diluted (in dollars per share)	$ 2.08	$ 2.66
Deposit Account [Member]
Noninterest income:
Noninterest revenue	$ 792,941	$ 777,901
Financial Service, Other [Member]
Noninterest income:
Noninterest revenue	$ 326,907	$ 303,303

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 6,418,337	$ 8,090,127
Other comprehensive loss, net of income taxes:
Total unrealized gain (loss) on investment securities available for sale	811,381	(21,675,430)
Income tax (expense) benefit	(223,273)	5,964,537
Net unrealized gain (loss) on investment securities available for sale	588,108	(15,710,893)
Total unrealized loss on derivatives	(1,563,527)	0
Income tax benefit	397,104	0
Net unrealized loss on derivatives	(1,166,423)	0
Total other comprehensive loss	(578,315)	(15,710,893)
Total comprehensive income (loss)	$ 5,840,022	$ (7,620,766)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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	8,090,127	0	8,090,127
Other comprehensive loss						0	0	0	(15,710,893)	(15,710,893)
Cash dividends						$ 0	0	(1,918,561)	0	(1,918,561)
Dividends reinvested (in shares)						34,077
Dividends reinvested						$ 340	692,492	0	0	692,832
Stock based compensation										0
Balance (in shares) at Dec. 31, 2022						3,071,214
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 0	$ 0	$ (243,494)	$ 0	$ (243,494)					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	6,418,337	0	6,418,337
Other comprehensive loss						0	0	0	(578,315)	(578,315)
Cash dividends						$ 0	0	(2,033,981)	0	(2,033,981)
Dividends reinvested (in shares)						43,752
Dividends reinvested						$ 438	805,398	(7,843)	0	797,993
Stock-based compensation (in shares)						2,000
Stock based compensation						$ 20	42,768	0	0	42,788
Balance (in shares) at Dec. 31, 2023						3,116,966
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2023					$ (243,494)
Balance at Dec. 31, 2023						$ 31,170	$ 30,398,080	$ 39,433,185	$ (17,684,144)	$ 52,178,291

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash dividends, per share (in dollars per share)	$ 0.66	$ 0.63

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of net income to net cash provided by operating activities
Net income	$ 6,418,337	$ 8,090,127
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	510,087	482,489
(Recovery of) provision for credit losses	(570,000)	475,000
(Accretion) amortization of right of use asset	(6,566)	4,355
Equity security dividends reinvested	(12,540)	(7,634)
Unrealized (gain) loss on equity security	(5,445)	62,094
Gain on sale of SBA loans	(19,392)	(158,123)
Deferred tax expense (benefit)	392,170	(250,672)
Gain on sale of other real estate owned	(235,538)	0
Gain on sale of premises and equipment	(9,000)	0
Gain on insurance proceeds	(4,406)	(673,483)
Gain on fair value hedge	(45,721)	0
Stock based compensation	42,788	0
Amortization of debt issuance costs	5,625	5,625
Amortization of premiums and (accretion of discounts), net	(332,172)	(224,663)
Bank owned life insurance cash surrender value	(345,412)	(229,179)
Increase (decrease) in
Deferred loan fees and costs, net	(35,196)	(111,160)
Accrued interest payable	1,132,863	54,000
Other liabilities	(494,845)	396,538
Decrease (increase) in
Mortgage loans held for sale	428,355	(301,855)
Accrued interest receivable	(364,950)	(206,721)
Other assets	(544,632)	(250,776)
Net cash provided by operating activities	5,904,410	7,155,962
Cash flows from investing activities
Proceeds from maturity and call of securities, Available for sale	12,910,294	19,994,811
Proceeds from maturity and call of securities, Held to maturity	431,420	1,456,420
Purchase of securities, Available for sale	(49,742,119)	(19,193,215)
Redemption of certificates of deposit	0	250,000
Loans made to customers, net of principal collected	(5,813,615)	(35,960,009)
Proceeds from sale of loans	0	1,250,154
Redemption (purchase) of stock in FHLB of Atlanta	469,000	(657,100)
Purchase of bank owned life insurance	0	(2,800,000)
Proceeds from sale of other real estate owned	235,538	0
Proceeds from sale of premises and equipment	9,000	0
Proceeds from insurance	4,406	711,214
Purchases of premises, equipment and software	(863,417)	(410,843)
Net cash used in investing activities	(42,359,493)	(35,358,568)
Cash flows from financing activities
Noninterest-bearing deposits	(11,410,643)	2,519,734
Interest-bearing deposits	68,832,213	(5,162,357)
Securities sold under repurchase agreements	1,585,190	(238,722)
Federal Home Loan Bank of Atlanta advances	(15,000,000)	15,000,000
Federal Reserve Bank advances	33,000,000	0
Long-term debt principal payments	(1,888,889)	(1,888,889)
Dividends paid, net of reinvestments	(1,235,988)	(1,225,729)
Net cash provided by financing activities	73,881,883	9,004,037
Net increase (decrease) in cash and cash equivalents	37,426,800	(19,198,569)
Cash and cash equivalents at beginning of period	7,263,537	26,462,106
Cash and cash equivalents at end of period	44,690,337	7,263,537
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	8,830,152	2,239,129
Cash paid during the period for income taxes	2,390,848	3,365,318
Net unrealized gain (loss) on securities available for sale	$ 811,381	$ (21,675,430)

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	1. Summary of Significant Accounting Policies The accounting and reporting policies reflected in the financial statements conform to accounting principles generally accepted in the United States of America and to general practices within the banking industry. Management makes estimates and assumptions that affect the reported amounts of assets, liabilities, and disclosures of commitments and contingent liabilities at the balance sheet date, and revenues and expenses during the year. These estimates and assumptions may 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 Business The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland and surrounding areas of northern Maryland. The Insurance Subsidiary is a captive insurance entity that provides insurance coverage for the Bank. The Bank chose to not November 7, 2022, may November 7, 2022. On October 1, 2020, Reclassifications Certain reclassifications have been made to the 2022 no Cash and cash equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, money market funds, and federal funds sold. Generally, federal funds are purchased and sold for one Comprehensive (loss) income Comprehensive (loss) income includes net income and the unrealized gains or losses on investment securities available for sale and derivative financial instruments, net of income taxes. Investment securities As debt securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities that management has the intent and ability to hold to maturity are recorded at amortized cost, which is cost adjusted for amortization of premiums and accretion of discounts. Discounts are accreted through maturity. Premiums are amortized through the earliest call date. Securities held to meet liquidity needs or that may Equity security at fair value The Company owns a mutual fund that is measured at fair value with changes in fair value recognized in noninterest income. Restricted stock, at cost Restricted stock consists of Federal Home Loan Bank of Atlanta (the “FHLB”) stock, Community Bankers Bank (“CBB”) stock, and Atlantic Community Bankers Bank (“ACBB”) stock. As a member of the FHLB, the Bank is required to purchase FHLB stock in an amount that is based on the Bank’s total assets. Additional stock is purchased and redeemed based on the outstanding FHLB advances to the Bank. CBB and ACBB require its correspondent banking institutions to hold stock as a condition of membership. The restricted investment in bank stocks is carried at cost. On a quarterly basis, management evaluates the bank stocks for impairment based on assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as operating performance, liquidity, funding and capital positions, stock repurchase history, dividend history, and impact of legislative and regulatory changes. Loans and allowance for credit losses Loans are stated at the current amount of unpaid principal, adjusted for deferred origination costs, deferred origination fees, premiums and discounts on acquired loans, and the allowance for credit losses. Interest on loans is accrued based on the principal amounts outstanding. Origination fees and costs, along with premiums and accretable discounts, are amortized to income over the terms of loans. Past due status is based on the contractual terms of the loan. Management may 90 not As further discussed below, we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016 13, 326 January 1, 2023. 326 326, January 1, 2023 326, January 1, 2023 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 that 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, (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 three 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 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 (448,483 ) 2,370,099 Construction and land development 164,596 277,317 441,913 Residential 793,919 508,579 1,302,498 Commercial 337,303 133,838 471,141 Consumer 4,706 (4,526 ) 180 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 435,633 4,585,831 Loans, net 517,528,945 (202,222 ) 517,326,723 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 92,441 92,441 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 81,723 81,723 Total equity $ 49,834,244 $ (243,494 ) $ 49,590,750 Derivative Financial Instruments: 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 14. Stock-based Compensation: During the third 2023, 2023 one third The Company’s stock-based compensation is described more fully in Note 16. Mortgage loans held for sale and mortgage banking income Mortgage loans held for sale are carried at the lower of aggregate cost or fair value based on the current fair value of each outstanding loan. Sales of loans are recorded when the proceeds are received, with any gain or loss recorded in mortgage banking income. The Company sells its mortgage loans to third no third not third Premises and equipment Land is carried at cost. Premises and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation on buildings and equipment is computed over the estimated useful lives of the assets using the straight-line method. Leasehold improvements are amortized using the straight-line method over the term of the lease or the estimated useful lives of the asset, whichever is shorter. Other real estate owned Real estate acquired through foreclosure or by deed in lieu of foreclosure is recorded at fair value less estimated costs to sell on the date acquired establishing a new cost basis. Losses incurred at the time of acquisition of the property are charged to the allowance for credit losses. Subsequent reductions in the estimated value of the property are included with any gains or losses on sale in noninterest expense. Bank owned life insurance The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Goodwill and other intangible assets Goodwill is calculated as the purchase premium, if any, after adjusting for the fair value of net assets acquired in purchase transactions. Goodwill is not 10 Revenue recognition ASC Topic 606 not 606 Service Charges on Deposit Accounts: Interchange Income As a result, income from debit cardholder transactions is presented net against expenses paid to the interchange debit card provider in service charges on deposit accounts on the consolidated statements of income. Other Service Charges and Fees: Operating leases The Company accounts for lease obligations in accordance with ASU 2016 02, 842 2016 02, no Advertising costs Advertising costs are expensed in the period incurred and totaled $270,308 December 31, 2023 2022, Income taxes The provision for income taxes includes income taxes payable for the current year and deferred income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. A tax position is recognized as a benefit only if it is “more likely than not” 50% not not” no Earnings per share Earnings per share is determined by dividing net income by the weighted average number of shares of common stock outstanding, giving retroactive effect to any stock dividends. The following table shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no December 31, 2023 December 31, 2022. Year Ended December 31, 2023 2022 Net income $ 6,418,337 $ 8,090,127 Weighted average shares outstanding 3,083,021 3,046,377 Effect of dilutive restricted stock units 3,000 - Weighted average shares outstanding 3,086,021 3,046,377 Earnings per share - basic $ 2.08 $ 2.66 Earnings per share - diluted $ 2.08 $ 2.66 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 FASB and would apply to the Company if the Company entered into an applicable activity. In November 2023, 2023 07, 280 280 one 280. December 15, 2023, December 15, 2024. not 2023 07 In December 2023, 2023 09, 740 five five December 15, 2024. not 2023 09 Recently Adopted Accounting Developments During June 2016, 2016 13, 326 2016 13 January 1, 2023. In March 2022, 2022 02, 326 2022 02 2016 13 2022 02 January 1, 2023, not In March 2022, 2022 01, 815 2022 01 815 2017, 2017 12 one not 2022 01 2022 01 January 1, 2023. Management believes that the accounting policies adopted by management are consistent with authoritative GAAP and are consistent with those followed by our peers.

Note 2 - Cash and Cash Equivale

Note 2 - Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	2. Cash and Cash Equivalents The Company normally carries balances with other banks that exceed the federally insured limit. The average balance carried in excess of the limit, including unsecured federal funds sold to the same banks, was $ 1,050,354 December 31, 2023 2022, Deposits held in noninterest-bearing transaction accounts are aggregated with any interest-bearing deposits the owner may $250,000. Banks are required to carry noninterest-bearing cash reserves of specified percentages of deposit balances. The Company’s normal balances of cash on hand and on deposit with other banks are sufficient to satisfy the reserve requirements. The FRB reserve requirement was $0 December 31, 2023 2022.

Note 3 - Investment Securities

Note 3 - Investment Securities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	3. Investment Securities Debt securities are summarized as follows: Amortized Unrealized Unrealized Fair Allowance for Net Carrying December 31, 2023 cost gains losses value Credit Losses Amount Available for sale State and municipal $ 500,000 $ - $ 15,192 $ 484,808 $ - $ 484,808 SBA pools 776,686 1,160 11,136 766,710 - 766,710 Corporate bonds 9,853,988 - 1,283,559 8,570,429 - 8,570,429 Mortgage-backed securities 175,742,562 1,025,623 22,505,459 154,262,726 - 154,262,726 $ 186,873,236 $ 1,026,783 $ 23,815,346 $ 164,084,673 $ - $ 164,084,673 Held to maturity State and municipal $ 20,199,249 $ 39,537 $ 1,175,565 $ 19,063,221 $ 35,627 $ 20,163,622 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. Expected credit 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 December 31, 2023 December 31, 2023 AAA 2,785,955 AA 10,434,388 A 3,808,365 BAA 250,661 Not rated 2,919,880 Total 20,199,249 Historical loss rates associated with securities having similar grades as those in our portfolio have generally not December 31, 2023, no none The following table details activity in the allowance for credit losses on held-to-maturity securities for the year ended December 31, 2023: Year Ended December 31, 2023 Beginning balance $ - Impact of adopting ASC 326 51,990 Recovery of credit loss (16,363 ) Ending balance $ 35,627 Available for sale securities accrued interest receivable totaled $418,549 and $310,324 and held to maturity securities accrued interest receivable totaled $121,670 and $122,874 as of December 31, 2023 2022, Contractual maturities, shown below, will differ from actual maturities because borrowers and issuers may Available for Sale Held to Maturity Amortized Fair Amortized Fair December 31, 2023 cost value cost value Within one year $ 1,259,692 $ 1,220,382 $ 230,000 $ 230,065 Over one to five years 1,779,830 1,708,398 666,321 652,278 Over five to ten years 7,314,466 6,126,457 5,864,476 5,654,095 Over ten years - - 13,438,452 12,526,783 10,353,988 9,055,237 20,199,249 19,063,221 Mortgage-backed securities and SBA pools, due in monthly installments 176,519,248 155,029,436 - - $ 186,873,236 $ 164,084,673 $ 20,199,249 $ 19,063,221 Securities with a carrying value of $50,371,861 December 31, 2023 2022, The following table sets forth the Company’s gross unrealized losses on a continuous basis for investment securities, by category and length of time. December 31, 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 $ 2,210,426 $ 19,997 $ 11,834,320 $ 1,170,760 $ 14,044,746 $ 1,190,757 SBA pools - - 659,869 11,136 659,869 11,136 Corporate bonds 341,264 58,736 8,229,165 1,224,823 8,570,429 1,283,559 Mortgage-backed securities 23,840,242 378,379 104,657,869 22,127,080 128,498,111 22,505,459 Total $ 26,391,932 $ 457,112 $ 125,381,223 $ 24,533,799 $ 151,773,155 $ 24,990,911 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 Management has the ability and intent to hold securities classified as held to maturity until they mature, at which time the Company should receive full value for the securities. As of December 31, 2023, not December 31, 2023, none There were no security sales in 2023 2022.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	4. Related Party Transactions Certain executive officers and directors of the Company, including members of their immediate families and related companies were indebted to the Company during 2023 2022. not December 31, 2023 2022, 2023 2022 Balance, beginning of year $ 12,227,721 $ 13,822,556 Additions 177,968 3,274,719 Amounts collected (927,052 ) (4,869,554 ) Balance, end of year $ 11,478,637 $ 12,227,721 Unused lines of credit to related parties totaled $58,000 December 31, 2023 2022, Letters of credit issued to related parties totaled $15,847 at December 31, 2023 2022. Deposits at the Company from related parties totaled $8,314,359 December 31, 2023 2022, Payments to companies controlled by directors totaled $6,545 2023 2022.

Note 5 - Loans and Allowance fo

Note 5 - Loans and Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	5. Loans and allowance for credit losses Major categories of loans at December 31, 2023 2022 2023 2022 Real estate: Commercial $ 361,942,511 $ 351,794,702 Construction and land development 20,446,150 23,978,373 Residential 112,789,631 114,683,149 Commercial 32,823,072 31,066,497 Consumer 165,136 156,422 528,166,500 521,679,143 Less: Allowance for credit losses 4,285,247 4,150,198 Deferred origination fees, net of costs 573,209 608,405 $ 523,308,044 $ 516,920,540 For purposes of monitoring the performance of the loan portfolio and estimating the allowance for credit losses, the Company's loans receivable portfolio is segmented as follows: commercial real estate, construction and land development, residential, commercial and industrial, and consumer. Commercial real estate loans carry risks of the client’s ability to repay the loan from the cash flow derived from the underlying real estate. Risks inherent in managing a commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate. Real estate security diminishes risks only to the extent that a market exists for the subject collateral. These risks are attempted to be mitigated by carefully underwriting loans of this type and by following appropriate loan-to-value standards. The Company generally requires personal guarantees or endorsements with respect to these loans and loan-to-value ratios for real estate-commercial loans generally do not 80%. Construction and land development real estate loans carry risks that the project will not not may, may may not may not 80%. Residential real estate mortgage loans, including equity lines of credit, carry risks associated with the continued credit-worthiness of the borrower and the changes in the value of the collateral. Commercial and industrial loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because the repayment of these loans may may Consumer loans carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral. The Company's consumer loans consist primarily of installment loans made to individuals for personal, family and household purposes. These risks are attempted to be mitigated by following appropriate loan-to-value standards and an experienced management team for this type of portfolio. The following tables present the amortized cost basis of loans on nonaccrual status and loans past 90 December 31, 2023 2022: Nonaccrual Nonaccrual With No With Allowance Allowance for Credit Loss for Credit Loss December 31, 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 December 31, 2023 December 31, 2022. At December 31, 2023, one one 2023 At December 31, 2022, one one 2022 An age analysis of past due loans, segregated by class of loans, as of year-end, is as follows: 90 Days Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing December 31, 2023 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 361,439,550 $ 361,942,511 $ - Construction and land development - - - - 20,446,150 20,446,150 - Residential 161,431 - - 161,431 112,628,200 112,789,631 - Commercial - - 152,449 152,449 32,670,623 32,823,072 - Consumer 1,163 - - 1,163 163,973 165,136 - Total $ 162,594 $ - $ 655,410 $ 818,004 $ 527,348,496 $ 528,166,500 $ - 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 December 31, 2023: Real estate: Commercial $ 2,515,103 Construction and land development - Residential 275,622 Commercial 152,449 Consumer - $ 2,943,174 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 $ 3,509,708 $ 223,476 Residential real estate 256,350 256,350 - 256,350 - $ 128,175 10,594 Commercial 152,449 - 152,449 152,449 152,449 $ 76,224 - $ 7,428,214 $ 6,772,804 $ 655,410 $ 7,428,214 $ 281,910 $ 3,714,107 $ 234,070 From time to time, loans to borrowers experiencing financial difficulty may may The following table presents the amortized cost basis of loans at December 31, 2023 December 31, 2023, December 31, 2023. three not December 31, 2023 not Total Class Term of Financing Extension Receivable Commercial real estate $ 1,973,558 0.55 % Total $ 1,973,558 0.37 % Accrued interest receivable on loans totaled $1,539,332 and $1,373,078 at December 31, 2023 2022, 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 and Acceptable 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 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 inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Substandard loans have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not Borrowers may Doubtful A doubtful loan has all the weaknesses inherent as a substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loans by credit grade, segregated by loan type, at year-end, are as follows: Term Loans Amortized Cost Basis by Origination Revolving 2023 2022 2021 2020 2019 Prior Loans Total Commercial Real Estate Pass $ 27,500,909 $ 73,944,442 $ 54,973,818 $ 20,540,492 $ 25,102,276 $ 147,755,491 $ 2,694,268 $ 352,511,696 Special Mention - - - - - - - - Substandard - - - - - 9,430,815 - 9,430,815 Doubtful - - - - - - - - Total $ 27,500,909 $ 73,944,442 $ 54,973,818 $ 20,540,492 $ 25,102,276 $ 157,186,306 $ 2,694,268 $ 361,942,511 Construction and Land Development Pass $ 3,359,456 $ 6,519,085 $ 4,623,119 $ 642,571 $ 309,038 $ 4,992,881 $ - $ 20,446,150 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total $ 3,359,456 $ 6,519,085 $ 4,623,119 $ 642,571 $ 309,038 $ 4,992,881 $ - $ 20,446,150 Residential Real Estate Pass $ 10,109,347 $ 18,603,074 $ 9,870,791 $ 6,793,326 $ 16,218,714 $ 40,015,758 $ 9,501,733 $ 111,112,743 Special Mention - - - - - - - - Substandard - - - - - 1,676,888 - 1,676,888 Doubtful - - - - - - - - Total $ 10,109,347 $ 18,603,074 $ 9,870,791 $ 6,793,326 $ 16,218,714 $ 41,692,646 $ 9,501,733 $ 112,789,631 Commercial Pass $ 7,016,763 $ 8,074,370 $ 3,264,342 $ 1,225,297 $ 884,537 $ 910,042 $ 11,295,272 $ 32,670,623 Special Mention - - - - - - - - Substandard - - - - 152,449 - - 152,449 Doubtful - - - - - - - - Total $ 7,016,763 $ 8,074,370 $ 3,264,342 $ 1,225,297 $ 1,036,986 $ 910,042 $ 11,295,272 $ 32,823,072 Consumer Pass $ 92,295 $ 32,771 $ 4,179 $ 4,895 $ 7,226 $ 2 $ - $ 141,368 Special Mention - - - - - - - - Substandard 6,106 - 1,524 - - - - 7,630 Doubtful - - - - - - 16,138 16,138 Total $ 98,401 $ 32,771 $ 5,703 $ 4,895 $ 7,226 $ 2 $ 16,138 $ 165,136 Aggregate total Pass $ 48,078,770 $ 107,173,742 $ 72,736,249 $ 29,206,581 $ 42,521,791 $ 193,674,174 $ 23,491,273 $ 516,882,580 Special Mention - - - - - - - - Substandard 6,106 - 1,524 - 152,449 11,107,703 - 11,267,782 Doubtful - - - - - - 16,138 16,138 Total $ 48,084,876 $ 107,173,742 $ 72,737,773 $ 29,206,581 $ 42,674,240 $ 204,781,877 $ 23,507,411 $ 528,166,500 December 31, 2022 Excellent Above average Average Acceptable Pass watch Special 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 tables detail activity in the allowance for credit losses by portfolio for the years ended December 31, 2023 2022. one not Allowance for credit losses ending Outstanding loan balances Provision for balance evaluated for impairment: evaluated: Beginning Impact of ASC (recovery of) Charge Ending December 31, 2023 balance 326 Adoption credit losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 2,818,582 $ (448,483 ) $ 79,889 $ - $ - $ 2,449,988 $ 297,551 $ 2,152,437 $ 2,515,103 $ 359,427,408 Construction and land development 164,596 277,317 (200,665 ) - 11,925 253,173 - 253,173 - 20,446,150 Residential 793,919 508,579 (676,608 ) - 387,048 1,012,938 - 1,012,938 275,622 112,514,009 Commercial 337,303 133,838 22,361 - - 493,502 152,449 341,053 152,449 32,670,623 Consumer 4,706 (4,526 ) 1,900 - - 2,080 - 2,080 - 165,136 Unallocated 31,092 (31,092 ) 73,566 - - 73,566 - 73,566 - - $ 4,150,198 $ 435,633 $ (699,557 ) $ - $ 398,973 $ 4,285,247 $ 450,000 $ 3,835,247 $ 2,943,174 $ 525,223,326 Allowance for loan losses ending Outstanding loan balances Provision balance evaluated for impairment: evaluated for impairment: Beginning for loan Charge Ending Purchase Credit Purchase Credit December 31, 2022 balance 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 Loans acquired from Carroll Community Bank in 2020 no Balance at December 31, 2022 $ 930,973 Transfer to accretable - Accretion (391,635 ) Balance at December 31, 2023 $ 539,338 During 2022, At December 31, 2023, December 31, 2022 2016 13 December 31, 2023, 2023 2022, December 31, 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 81,723 Credit loss expense 145,920 Balance at December 31, 2023 $ 227,643 The following table provides a summary of all of the components of the allowance for credit losses: Year Ended December 31, 2023 Held to maturity securities Loans Unfunded loan commitments Total Beginning balance $ - $ 4,150,198 $ - $ 4,150,198 Impact of adopting ASC 326 51,990 435,633 81,723 569,346 Provision for (recovery of) credit losses (16,363 ) (699,557 ) 145,920 (570,000 ) Charge-offs - - - - Recoveries - 398,973 - 398,973 Ending balance $ 35,627 $ 4,285,247 $ 227,643 $ 4,548,517 Loans having an aggregate balance of approximately $468.3 December 31, 2023. $59.7 December 31, 2023. December 31, 2023 2022, $15.5 The Company makes loans to customers located primarily in Baltimore County and Carroll County, Maryland and in surrounding areas of northern Maryland. Although management believes that the loan portfolio is diversified, many loans are secured by real estate and its performance will be influenced by the economy of the region, including local real estate markets.

Note 6 - Premises and Equipment

Note 6 - Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	6. Premises and Equipment A summary of premises and equipment is as follows: Useful lives (in years) 2023 2022 Land and improvements - $ 2,602,998 $ 2,602,998 Buildings and improvements 15 - 39 6,718,452 6,171,003 Furniture and equipment 3 10 5,442,669 5,162,976 14,764,119 13,936,977 Accumulated depreciation and amortization 8,180,667 7,750,383 $ 6,583,452 $ 6,186,594 Depreciation and amortization expense $ 466,559 $ 445,939 In July 2022, Software with a net book value of $66,375 December 31, 2023 2022, $43,528 2023 2022,

Note 7 - Goodwill and Other Int

Note 7 - Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	7. Goodwill and Other Intangibles The Merger resulted in the recording of goodwill and CDI. The following table presents the changes in both assets: Goodwill CDI Total Balance at December 31, 2021 $ 6,978,208 $ 72,872 $ 7,051,080 Amortization - (8,328 ) (8,328 ) Balance at December 31, 2022 6,978,208 64,544 7,042,752 Amortization - (8,328 ) (8,328 ) Balance at December 31, 2023 $ 6,978,208 $ 56,216 $ 7,034,424 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. September 30, 2023.

Note 8 - Commitments and Contin

Note 8 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	8. Commitments and Contingencies Lease Commitments The Company has an operating lease for the land on which the Hampstead branch is located. The initial term of the lease expired on September 30, 2009 three five September 30, 2024. five five July 2012, five January 2018, one five five June 2015. July 2019, June 2020 three five May 2018, five two five The following table shows operating lease right of use assets and operating lease liabilities as of December 31, 2023: Consolidated Balance Sheet classification December 31, 2023 December 31, 2022 Operating lease right of use asset Other assets $ 794,484 $ 943,933 Operating lease liabilities Other liabilities 1,010,461 1,166,476 Operating lease cost included in occupancy expense in the statement of income was $ 184,300 2023 2022. Future undiscounted lease payments for operating leases with initial terms of one December 31, 2023 Year Amount 2024 $ 193,232 2025 198,886 2026 204,718 2027 210,735 2028 134,782 Thereafter 147,198 Total lease payments 1,089,551 Less imputed interest (79,090 ) Present value of operating lease liabilities $ 1,010,461 For operating leases as of December 31, 2023, December 31, 2023 2022, Outstanding loan commitments, unused lines of credit, and letters of credit as of December 31, 2023 2022 Loan commitments Construction and land development $ 8,575,337 $ 911,500 Commercial 17,877,375 398,046 Commercial real estate 7,277,500 9,264,000 Residential 2,195,000 3,402,371 $ 35,925,212 $ 13,975,917 Unused lines of credit Home-equity lines $ 11,395,790 $ 12,086,758 Commercial lines 46,610,690 25,464,025 $ 58,006,480 $ 37,550,783 Letters of credit $ 1,339,391 $ 1,403,956 Loan commitments and lines of credit are agreements to lend to a customer as long as there is no may not third The maximum exposure to credit loss in the event of nonperformance by the customer is the contractual amount of the commitment. Loan commitments, lines of credit and letters of credit are made on the same terms, including collateral, as outstanding loans. Management is not Insurance Reserves Until November 6, 2022, not one not December 31, 2023 2022 $332,364 not November 6, 2022. may

Note 9 - Retirement Plans

Note 9 - Retirement Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	9. Retirement Plans The Company has a profit sharing plan qualifying under Section 401 21 six may $261,337 2023 2022, The Company has entered into agreements with 12 $7,337 2023 2022, The Company adopted supplemental executive retirement plans for four $165,751 2023 2022, Retirement plan expenses are included in employee benefits on the Consolidated Statements of Income.

Note 10 - Interest-bearing Depo

Note 10 - Interest-bearing Deposits	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	10. Interest-Bearing Deposits Major classifications of interest-bearing deposits are as follows: 2023 2022 NOW $ 137,733,333 $ 135,716,736 Money market 71,517,344 99,173,640 Savings 86,015,383 103,308,454 Certificates of deposit, greater than $250,000 63,400,261 37,976,238 Other time deposits 207,011,824 120,740,707 $ 565,678,145 $ 496,915,775 As of December 31, 2023, Year Amount 2024 $ 213,140,147 2025 19,413,317 2026 9,266,847 2027 1,348,698 2028 27,243,076 $ 270,412,085 In connection with the Merger, the Company recognized a certificate of deposit premium of $616,377, which is being accreted using the interest method based upon the maturity of each certificate of deposit. Accretion of $69,843 and $160,923 were recorded in 2023 2022,

Note 11 - Borrowed Funds

Note 11 - Borrowed Funds	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	11. Borrowed Funds Borrowed funds consist of securities sold under repurchase agreements, which represent overnight or term borrowings from customers, advances from the FHLB of Atlanta, the FRB, and overnight borrowings from a commercial bank. The government agency securities that are the collateral for these agreements are owned by the Company and maintained in the custody of an unaffiliated agent designated by the Company. On September 30, 2020, October 1, 2020, September 30, 2025. October 1, 2021. nine Securities sold under agreements to repurchase represent overnight borrowings from customers. Securities owned by the Company which are used as collateral for these borrowings are primarily U.S. government agency securities. Specific information about the Company’s borrowings and contractual obligations is set forth in the following table: 2023 2022 Amount oustanding at year-end: Securities sold under repurchase agreements $ 6,760,493 $ 5,175,303 Federal Home Loan Bank advances 5,000,000 20,000,000 Federal Home Loan Bank advances mature in: 2023 - 15,000,000 2025 5,000,000 5,000,000 Federal Reserve Bank advances mature in: 2024 33,000,000 - Long-term debt (net of issuance costs) 13,212,378 15,095,642 Weighted average rate paid at year-end: Securites sold under repurchase agreements 1.25 % 0.30 % Federal Home Loan Bank advances 1.00 % 3.68 % Federal Reserve Bank advances 4.83 % - Long-term debt 4.10 % 4.10 % Average rate paid during the year ended December 31: Securites sold under repurchase agreements 0.90 % 0.30 % Federal Home Loan Bank advances 3.57 % 1.55 % Federal Reserve Bank advances 5.31 % 0.00 % Long-term debt 4.10 % 4.10 % 2023 2022 Investment securities underlying the repurchase agreements at December 31: $ 10,931,040 $ 11,389,983 Carrying value Loans pledged to the Federal Home Loan Bank at December 31: $ 468,200,244 $ 458,863,387 Carrying value Loans pledged to the Federal Reserve Bank at December 31: $ 59,830,354 $ 62,720,368 Carrying value The Company is approved to borrow approximately $60.5 million against eligible pledged single family residential loans, eligible pledged multi-family loans, eligible pledged commercial loans, and eligible pledged securities under a secured line of credit with the FHLB. In addition, the Company has a facility with the FRB whereby the Company can borrow up to $25.4 million. The Company also has available an unsecured federal funds line of credit of $14.5 million and a secured federal funds line of credit of $9 million from commercial banks.

Note 12 - Income Taxes

Note 12 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12. Income Taxes The components of income tax expense are as follows: 2023 2022 Current Federal $ 1,172,513 $ 1,852,205 State 452,567 883,493 1,625,080 2,735,698 Deferred tax expense (benefit) 392,170 (250,672 ) $ 2,017,250 $ 2,485,026 The components of the deferred tax expense are as follows: 2023 2022 Depreciation $ (14,401 ) $ 15,108 Insurance proceeds for storm damage 1,212 185,326 Provision for credit losses on loans 52,362 (160,332 ) Provision for credit losses on held to maturity securities 4,503 - Provision for credit losses on unfunded commitments (40,154 ) - Other real estate owned allowance for loss 388,057 - Nonaccrual interest (3,590 ) (29,429 ) Prepaid captive insurance premium - (357,518 ) Write-down of equity securities 1,498 (11,583 ) Lease liability, net of right of use asset 1,807 (1,198 ) Purchase accounting adjustments 22,972 153,455 Stock compensation (1,249 ) Post-retirement benefits (20,847 ) (44,501 ) $ 392,170 $ (250,672 ) The components of the net deferred tax asset are as follows: 2023 2022 Deferred tax assets Allowance for credit losses on loans $ 1,179,193 $ 1,111,679 Allowance for credit losses on held to maturity securities 9,803 - Allowance for credit losses on unfunded commitments 62,642 - Other real estate owned allowance for loss 46,571 434,628 Derivatives 442,825 - Nonaccrual interest 121,600 118,010 Post-retirement benefits 716,831 695,983 Purchase accounting adjustments - 81,687 Unrealized loss on securities available for sale 6,209,991 6,433,263 Lease liability, net of right of use asset 59,431 61,238 Other 20,830 21,079 8,869,717 8,957,567 Deferred tax liabilities Purchase accounting adjustments 5,514 - Depreciation 349,607 364,008 Insurance proceeds from storm damage 186,539 185,326 Other 15,575 15,575 557,235 564,909 Net deferred tax asset $ 8,312,482 $ 8,392,658 The differences between the federal income tax rate in effect each year and the effective tax rate for the Company are reconciled as follows: 2023 2022 Statutory federal income tax rate 21.0 % 21.0 % Increase (decrease) resulting from: Federal tax-exempt income (2.3 ) (3.6 ) State income taxes, net of federal income tax benefit 5.8 5.8 Other (0.6 ) 0.3 23.9 % 23.5 % Included in Federal tax-exempt income is the insurance premium revenue of the Insurance Subsidiary. The Internal Revenue Service (the “IRS”) recently audited our fiscal year 2016, 2017 2018 not December 31, 2023 2019, 2020 2021 not not may December 31, 2023 six not not The Company does not not December 31, 2020.

Note 13 - Capital Standards

Note 13 - Capital Standards	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	13. Capital Standards The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possible additional, discretionary actions by 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. The Basel III Capital Rules became effective for the Bank on January 1, 2015 ( 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 Under the revised prompt corrective action requirements, 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, 2015, 0.625% four January 1, 2.5% January 1, 2019). not 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 On September 17, 2019, On April 6, 2020, two 8% second 2020, 8.5% 2021, 9% 1 8%, $10 not not The following table presents actual and required capital ratios as of December 31, 2023 2022, December 31, 2023 2022, As of December 31, 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. The following table presents actual and required capital ratios as of December 31, 2023 2022, Minimum To Be Well (Dollars in thousands) Actual Capital Adequacy Capitalized December 31, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 79,988 13.45 % $ 62,437 10.50 % $ 59,464 10.00 % Tier 1 capital (to risk-weighted assets) 75,440 12.69 % 50,544 8.50 % 47,571 8.00 % Common equity tier 1 (to risk- weighted assets) 75,440 12.69 % 41,625 7.00 % 38,651 6.50 % Tier 1 leverage (to average assets) 75,440 9.42 % 32,051 4.00 % 40,063 5.00 % December 31, 2022 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 14 - Derivative Financial

Note 14 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	14. Derivative Financial Instruments 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 $59.8 million as of December 31, 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 December 31, 2023: Line Item in the Carrying Amount Balance Sheet in of the Hedged Cumulative Amount of Fair Which the Hedged Assets Value Hedging Adjustment Item is Included December 31, 2023 December 31, 2023 Securities available for sale $ 69,920,575 $ (1,609,248 ) The Company presents derivative positions gross on the balance sheet. The following table reflects the derivatives recorded on the balance sheet as of December 31, 2023: December 31, 2023 Fair Value Included in other liabilities: Derivatives designated as hedges: Interest rate swaps related to securities available for sale $ 1,563,527 Total included in other liabilities $ 1,563,527 The effect of fair value hedge accounting on the statement of income for the year ended December 31, 2023 Location and Amount of Gain or Loss Recognized in Income on Fair Value Hedging Relationships Total amounts of income and expense line items presented in the statements of income in which the effects of the fair value hedge is recorded are as follows: Year Ended December 31, 2023 Interest Income The effects of fair value hedging: Gain on fair value hedging relationships: Hedged items $ 45,721 Interest rate contracts designated as hedging instruments 326,203 Net gain on fair value hedging relationships included in interest income from investment securities - taxable $ 371,924

Note 15 - Fair Value

Note 15 - Fair Value	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	15. 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 The fair value hierarchy is as follows: ● 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 ● Fair value hedges: The market value based on independent third The following table summarizes financial assets measured at fair value on a recurring and nonrecurring basis as of December 31, 2023 2022, Carrying Value: December 31, 2023 Level 1 Level 2 Level 3 Total Recurring: Available for sale securities State and municipal $ - $ 484,808 $ - $ 484,808 SBA pools - 766,710 - 766,710 Corporate bonds - 8,570,429 - 8,570,429 Mortgage-backed securities - 154,262,726 - 154,262,726 $ - $ 164,084,673 $ - $ 164,084,673 Fair value hedge $ - $ (1,563,527 ) $ - $ (1,563,527 ) Equity security at fair value Mutual fund $ 507,130 $ - $ - $ 507,130 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Collateral-dependent loans, net $ - $ - $ 205,410 $ 205,410 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 December 31, 2023 2022: Description of Asset Fair Value Valuation technique Unobservable Inputs Range (Average) Collateral-dependent loans $ 205,410 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 ) December 31, 2023 fair value $ - The transfer to level 2 not December 31, 2023. The estimated fair value of financial instruments that are reported at amortized cost less allowance for credit losses and in the Company’s consolidated balance sheets and financial instruments reported at fair value, segregated by the level of the valuation inputs were as follows: December 31, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 44,690,337 $ 44,690,337 $ 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 2,180,734 2,180,734 1,815,784 1,815,784 Securities available for sale 164,084,673 164,084,673 126,314,449 126,314,449 Securities held to maturity 17,293,422 16,193,020 17,537,377 15,908,175 Equity security 507,130 507,130 489,145 489,145 Mortgage loans held for sale - - 428,355 434,271 Restricted stock, at cost 863,500 863,500 1,332,500 1,332,500 Bank owned life insurance 14,930,754 14,930,754 14,585,342 14,585,342 Level 3 inputs Securities held to maturity 2,870,200 2,870,200 2,971,620 2,971,620 Loans, net 523,308,044 507,138,253 516,920,540 503,144,771 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 115,284,706 $ 115,284,706 $ 126,695,349 $ 126,695,349 Securities sold under repurchase agreements 6,760,493 6,760,493 5,175,303 5,175,303 Level 2 inputs Interest-bearing deposits 565,678,145 566,925,060 496,915,775 492,769,775 Federal Home Loan Bank advances 5,000,000 4,754,000 20,000,000 19,622,000 Federal Reserve Bank advances 33,000,000 32,996,852 - - Long-term debt 13,212,378 12,428,000 15,095,642 14,241,237 Accrued interest payable 1,482,773 1,482,773 349,910 349,910 Fair value hedge 1,563,527 1,563,527 - -

Note 16 - Stock-based Compensat

Note 16 - Stock-based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	16. Stock-Based Compensation On August 22, 2023, 2023 may The Company complies with the provisions of ASC Topic 718, 718 10 30 6 During the year ended December 31, 2023, one third September 22, 2024, one third September 22, 2025, one third September 22, 2026, A summary of the Company’s restricted stock unit grant activity as of December 31, 2023 Weighted Average Number of Grant Date Shares Fair Value per Share Nonvested at January 1, 2023 - - Granted 5,000 18.54 Vested 2,000 19.13 Forefeited - - Balance at December 31, 2023 3,000 18.15 The compensation cost charged to income in respect of awards granted under the Equity Plan was $42,788 for the year ended December 31, 2023. December 31, 2023,

Note 17 - Parent Company Financ

Note 17 - Parent Company Financial Information	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	17. Parent Company Financial Information The condensed financial statements for the Company (parent only) are presented below: Balance Sheets December 31, 2022 2022 Assets Cash and cash equivalents $ 69,905 $ 806,384 Investment in subsidiaries 65,314,174 62,064,533 Other assets 145,183 158,127 $ 65,529,262 $ 63,029,044 Liabilities and Stockholders' Equity Long-term debt $ 13,212,378 $ 15,095,642 Accrued interest payable 138,593 158,439 13,350,971 15,254,081 Stockholders' equity Common stock, par value $ .01 5,000,000 3,116,966 3,071,214 31,170 30,712 Additional paid-in capital 30,398,080 29,549,914 Retained earnings 39,433,185 35,300,166 Accumulated other comprehensive loss (17,684,144 ) (17,105,829 ) 52,178,291 47,774,963 $ 65,529,262 $ 63,029,044 Statements of Income Years Ended December 31, 2023 2022 Income Cash dividends from subsidiaries $ 2,880,000 $ 3,574,000 Total income 2,880,000 3,574,000 Interest expense - long-term debt (584,953 ) (664,621 ) Noninterest expense (89,669 ) (90,969 ) Income before income taxes and equity in undistributed income of subsidiaries 2,205,378 2,818,410 Income tax (benefit) (141,509 ) (158,556 ) Income before equity in undistributed income of subsidiaries 2,346,887 2,976,966 Dividends in excess of income of insurance subsidiary - (247,472 ) Equity in undistributed income of insurance subsidiary 72,258 - Equity in undistributed income of bank subsidiary 3,999,192 5,360,633 Net Income $ 6,418,337 $ 8,090,127 Years Ended December 31, 2023 2022 Cash flows from operating activities Net Income $ 6,418,337 $ 8,090,127 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (4,071,450 ) (5,360,633 ) Decrease in accrued interest payable (19,846 ) (19,683 ) Amortization of debt issuance costs 5,625 5,625 Stock based compensation 42,788 - Change in income tax receivable 12,944 27,739 Dividend received in excess of income of insurance subsidiary - 247,472 Cash provided by operating activities 2,388,398 2,990,647 Cash flows from investing activities Cash used in investing activities - - Cash flows from financing activities Long-term debt (1,888,889 ) (1,888,888 ) Dividends paid, net of reinvestments (1,235,988 ) (1,225,729 ) Cash used in financing activities (3,124,877 ) (3,114,617 ) Net decrease in cash and cash equivalents (736,479 ) (123,970 ) Cash and cash equivalents at beginning of period 806,384 930,354 Cash and cash equivalents at end of period $ 69,905 $ 806,384

Note 18 - Litigation

Note 18 - Litigation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Legal Matters and Contingencies [Text Block]	18. Litigation In the ordinary course of its business, the Company is periodically party to various legal actions normally associated with a financial institution. Management does not

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	ITEM 9B. OTHER INFORMATION Based on the most recent information provided to us by our directors and officers, no 10b5 1 10b5 1 10b5 1
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	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
Business Description, Policy [Policy Text Block]	Business The Bank provides banking services to individuals and businesses located in Baltimore County, Maryland, Carroll County, Maryland and surrounding areas of northern Maryland. The Insurance Subsidiary is a captive insurance entity that provides insurance coverage for the Bank. The Bank chose to not November 7, 2022, may November 7, 2022. On October 1, 2020,
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications Certain reclassifications have been made to the 2022 no
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, money market funds, and federal funds sold. Generally, federal funds are purchased and sold for one
Comprehensive Income, Policy [Policy Text Block]	Comprehensive (loss) income Comprehensive (loss) income includes net income and the unrealized gains or losses on investment securities available for sale and derivative financial instruments, net of income taxes.
Investment, Policy [Policy Text Block]	Investment securities As debt securities are purchased, management determines if the securities should be classified as held to maturity or available for sale. Securities that management has the intent and ability to hold to maturity are recorded at amortized cost, which is cost adjusted for amortization of premiums and accretion of discounts. Discounts are accreted through maturity. Premiums are amortized through the earliest call date. Securities held to meet liquidity needs or that may
Equity Securities, Policy [Policy Text Block]	Equity security at fair value The Company owns a mutual fund that is measured at fair value with changes in fair value recognized in noninterest income.
Federal Home Loan Bank stocks [Policy Text Block]	Restricted stock, at cost Restricted stock consists of Federal Home Loan Bank of Atlanta (the “FHLB”) stock, Community Bankers Bank (“CBB”) stock, and Atlantic Community Bankers Bank (“ACBB”) stock. As a member of the FHLB, the Bank is required to purchase FHLB stock in an amount that is based on the Bank’s total assets. Additional stock is purchased and redeemed based on the outstanding FHLB advances to the Bank. CBB and ACBB require its correspondent banking institutions to hold stock as a condition of membership. The restricted investment in bank stocks is carried at cost. On a quarterly basis, management evaluates the bank stocks for impairment based on assessment of the ultimate recoverability of cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of cost is influenced by criteria such as operating performance, liquidity, funding and capital positions, stock repurchase history, dividend history, and impact of legislative and regulatory changes.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Loans and allowance for credit losses Loans are stated at the current amount of unpaid principal, adjusted for deferred origination costs, deferred origination fees, premiums and discounts on acquired loans, and the allowance for credit losses. Interest on loans is accrued based on the principal amounts outstanding. Origination fees and costs, along with premiums and accretable discounts, are amortized to income over the terms of loans. Past due status is based on the contractual terms of the loan. Management may 90 not As further discussed below, we adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016 13, 326 January 1, 2023. 326 326, January 1, 2023 326, January 1, 2023 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 that 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, (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 three 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 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 (448,483 ) 2,370,099 Construction and land development 164,596 277,317 441,913 Residential 793,919 508,579 1,302,498 Commercial 337,303 133,838 471,141 Consumer 4,706 (4,526 ) 180 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 435,633 4,585,831 Loans, net 517,528,945 (202,222 ) 517,326,723 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 92,441 92,441 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 81,723 81,723 Total equity $ 49,834,244 $ (243,494 ) $ 49,590,750
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments: 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 14.
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation: During the third 2023, 2023 one third The Company’s stock-based compensation is described more fully in Note 16.
Mortgage Banking Activity [Policy Text Block]	Mortgage loans held for sale and mortgage banking income Mortgage loans held for sale are carried at the lower of aggregate cost or fair value based on the current fair value of each outstanding loan. Sales of loans are recorded when the proceeds are received, with any gain or loss recorded in mortgage banking income. The Company sells its mortgage loans to third no third not third
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and equipment Land is carried at cost. Premises and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation on buildings and equipment is computed over the estimated useful lives of the assets using the straight-line method. Leasehold improvements are amortized using the straight-line method over the term of the lease or the estimated useful lives of the asset, whichever is shorter.
Real Estate Owned, Valuation Allowance, Policy [Policy Text Block]	Other real estate owned Real estate acquired through foreclosure or by deed in lieu of foreclosure is recorded at fair value less estimated costs to sell on the date acquired establishing a new cost basis. Losses incurred at the time of acquisition of the property are charged to the allowance for credit losses. Subsequent reductions in the estimated value of the property are included with any gains or losses on sale in noninterest expense.
Bank Owned Life Insurance, Policy [Policy Text Block]	Bank owned life insurance The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and other intangible assets Goodwill is calculated as the purchase premium, if any, after adjusting for the fair value of net assets acquired in purchase transactions. Goodwill is not 10
Revenue from Contract with Customer [Policy Text Block]	Revenue recognition ASC Topic 606 not 606 Service Charges on Deposit Accounts: Interchange Income As a result, income from debit cardholder transactions is presented net against expenses paid to the interchange debit card provider in service charges on deposit accounts on the consolidated statements of income. Other Service Charges and Fees:
Lessee, Leases [Policy Text Block]	Operating leases The Company accounts for lease obligations in accordance with ASU 2016 02, 842 2016 02, no
Advertising Cost [Policy Text Block]	Advertising costs Advertising costs are expensed in the period incurred and totaled $270,308 December 31, 2023 2022,
Income Tax, Policy [Policy Text Block]	Income taxes The provision for income taxes includes income taxes payable for the current year and deferred income taxes. Deferred tax assets and liabilities are determined based on the difference between the financial statement basis and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. A tax position is recognized as a benefit only if it is “more likely than not” 50% not not” no
Earnings Per Share, Policy [Policy Text Block]	Earnings per share Earnings per share is determined by dividing net income by the weighted average number of shares of common stock outstanding, giving retroactive effect to any stock dividends. The following table shows the weighted average number of shares used in computing earnings per share and the effect of weighted average number of shares of dilutive potential common stock. Dilutive potential common stock has no December 31, 2023 December 31, 2022. Year Ended December 31, 2023 2022 Net income $ 6,418,337 $ 8,090,127 Weighted average shares outstanding 3,083,021 3,046,377 Effect of dilutive restricted stock units 3,000 - Weighted average shares outstanding 3,086,021 3,046,377 Earnings per share - basic $ 2.08 $ 2.66 Earnings per share - diluted $ 2.08 $ 2.66
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 FASB and would apply to the Company if the Company entered into an applicable activity. In November 2023, 2023 07, 280 280 one 280. December 15, 2023, December 15, 2024. not 2023 07 In December 2023, 2023 09, 740 five five December 15, 2024. not 2023 09 Recently Adopted Accounting Developments During June 2016, 2016 13, 326 2016 13 January 1, 2023. In March 2022, 2022 02, 326 2022 02 2016 13 2022 02 January 1, 2023, not In March 2022, 2022 01, 815 2022 01 815 2017, 2017 12 one not 2022 01 2022 01 January 1, 2023. Management believes that the accounting policies adopted by management are consistent with authoritative GAAP and are consistent with those followed by our peers.

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 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 (448,483 ) 2,370,099 Construction and land development 164,596 277,317 441,913 Residential 793,919 508,579 1,302,498 Commercial 337,303 133,838 471,141 Consumer 4,706 (4,526 ) 180 Unallocated 31,092 (31,092 ) - Allowance for credit losses on loans 4,150,198 435,633 4,585,831 Loans, net 517,528,945 (202,222 ) 517,326,723 Allowance for credit losses on debt securities held to maturity - 51,990 51,990 Net deferred tax asset - 92,441 92,441 Liabilities: Allowance for credit losses on off balance sheet credit exposures - 81,723 81,723 Total equity $ 49,834,244 $ (243,494 ) $ 49,590,750
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, 2023 2022 Net income $ 6,418,337 $ 8,090,127 Weighted average shares outstanding 3,083,021 3,046,377 Effect of dilutive restricted stock units 3,000 - Weighted average shares outstanding 3,086,021 3,046,377 Earnings per share - basic $ 2.08 $ 2.66 Earnings per share - diluted $ 2.08 $ 2.66

Note 3 - Investment Securities

Note 3 - Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Marketable Securities [Table Text Block]	Amortized Unrealized Unrealized Fair Allowance for Net Carrying December 31, 2023 cost gains losses value Credit Losses Amount Available for sale State and municipal $ 500,000 $ - $ 15,192 $ 484,808 $ - $ 484,808 SBA pools 776,686 1,160 11,136 766,710 - 766,710 Corporate bonds 9,853,988 - 1,283,559 8,570,429 - 8,570,429 Mortgage-backed securities 175,742,562 1,025,623 22,505,459 154,262,726 - 154,262,726 $ 186,873,236 $ 1,026,783 $ 23,815,346 $ 164,084,673 $ - $ 164,084,673 Held to maturity State and municipal $ 20,199,249 $ 39,537 $ 1,175,565 $ 19,063,221 $ 35,627 $ 20,163,622 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]	December 31, 2023 AAA 2,785,955 AA 10,434,388 A 3,808,365 BAA 250,661 Not rated 2,919,880 Total 20,199,249
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]	Year Ended December 31, 2023 Beginning balance $ - Impact of adopting ASC 326 51,990 Recovery of credit loss (16,363 ) Ending balance $ 35,627
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Held to Maturity Amortized Fair Amortized Fair December 31, 2023 cost value cost value Within one year $ 1,259,692 $ 1,220,382 $ 230,000 $ 230,065 Over one to five years 1,779,830 1,708,398 666,321 652,278 Over five to ten years 7,314,466 6,126,457 5,864,476 5,654,095 Over ten years - - 13,438,452 12,526,783 10,353,988 9,055,237 20,199,249 19,063,221 Mortgage-backed securities and SBA pools, due in monthly installments 176,519,248 155,029,436 - - $ 186,873,236 $ 164,084,673 $ 20,199,249 $ 19,063,221
Gain (Loss) on Securities [Table Text Block]	December 31, 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 $ 2,210,426 $ 19,997 $ 11,834,320 $ 1,170,760 $ 14,044,746 $ 1,190,757 SBA pools - - 659,869 11,136 659,869 11,136 Corporate bonds 341,264 58,736 8,229,165 1,224,823 8,570,429 1,283,559 Mortgage-backed securities 23,840,242 378,379 104,657,869 22,127,080 128,498,111 22,505,459 Total $ 26,391,932 $ 457,112 $ 125,381,223 $ 24,533,799 $ 151,773,155 $ 24,990,911 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 - Related Party Transa_2

Note 4 - Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	2023 2022 Balance, beginning of year $ 12,227,721 $ 13,822,556 Additions 177,968 3,274,719 Amounts collected (927,052 ) (4,869,554 ) Balance, end of year $ 11,478,637 $ 12,227,721

Note 5 - Loans and Allowance _2

Note 5 - Loans and Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	2023 2022 Real estate: Commercial $ 361,942,511 $ 351,794,702 Construction and land development 20,446,150 23,978,373 Residential 112,789,631 114,683,149 Commercial 32,823,072 31,066,497 Consumer 165,136 156,422 528,166,500 521,679,143 Less: Allowance for credit losses 4,285,247 4,150,198 Deferred origination fees, net of costs 573,209 608,405 $ 523,308,044 $ 516,920,540
Financing Receivable, Nonaccrual [Table Text Block]	Nonaccrual Nonaccrual With No With Allowance Allowance for Credit Loss for Credit Loss December 31, 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 Past Due 90 30 - 59 Days 60 - 89 Days or More Total Total Days or More Past Due Past Due Past Due Past Due Current Loans and Accruing December 31, 2023 Real estate: Commercial $ - $ - $ 502,961 $ 502,961 $ 361,439,550 $ 361,942,511 $ - Construction and land development - - - - 20,446,150 20,446,150 - Residential 161,431 - - 161,431 112,628,200 112,789,631 - Commercial - - 152,449 152,449 32,670,623 32,823,072 - Consumer 1,163 - - 1,163 163,973 165,136 - Total $ 162,594 $ - $ 655,410 $ 818,004 $ 527,348,496 $ 528,166,500 $ - 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 $ 2,515,103 Construction and land development - Residential 275,622 Commercial 152,449 Consumer - $ 2,943,174
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 $ 3,509,708 $ 223,476 Residential real estate 256,350 256,350 - 256,350 - $ 128,175 10,594 Commercial 152,449 - 152,449 152,449 152,449 $ 76,224 - $ 7,428,214 $ 6,772,804 $ 655,410 $ 7,428,214 $ 281,910 $ 3,714,107 $ 234,070
Financing Receivable, Modified [Table Text Block]	Total Class Term of Financing Extension Receivable Commercial real estate $ 1,973,558 0.55 % Total $ 1,973,558 0.37 %
Financing Receivable Credit Quality Indicators [Table Text Block]	Term Loans Amortized Cost Basis by Origination Revolving 2023 2022 2021 2020 2019 Prior Loans Total Commercial Real Estate Pass $ 27,500,909 $ 73,944,442 $ 54,973,818 $ 20,540,492 $ 25,102,276 $ 147,755,491 $ 2,694,268 $ 352,511,696 Special Mention - - - - - - - - Substandard - - - - - 9,430,815 - 9,430,815 Doubtful - - - - - - - - Total $ 27,500,909 $ 73,944,442 $ 54,973,818 $ 20,540,492 $ 25,102,276 $ 157,186,306 $ 2,694,268 $ 361,942,511 Construction and Land Development Pass $ 3,359,456 $ 6,519,085 $ 4,623,119 $ 642,571 $ 309,038 $ 4,992,881 $ - $ 20,446,150 Special Mention - - - - - - - - Substandard - - - - - - - - Doubtful - - - - - - - - Total $ 3,359,456 $ 6,519,085 $ 4,623,119 $ 642,571 $ 309,038 $ 4,992,881 $ - $ 20,446,150 Residential Real Estate Pass $ 10,109,347 $ 18,603,074 $ 9,870,791 $ 6,793,326 $ 16,218,714 $ 40,015,758 $ 9,501,733 $ 111,112,743 Special Mention - - - - - - - - Substandard - - - - - 1,676,888 - 1,676,888 Doubtful - - - - - - - - Total $ 10,109,347 $ 18,603,074 $ 9,870,791 $ 6,793,326 $ 16,218,714 $ 41,692,646 $ 9,501,733 $ 112,789,631 Commercial Pass $ 7,016,763 $ 8,074,370 $ 3,264,342 $ 1,225,297 $ 884,537 $ 910,042 $ 11,295,272 $ 32,670,623 Special Mention - - - - - - - - Substandard - - - - 152,449 - - 152,449 Doubtful - - - - - - - - Total $ 7,016,763 $ 8,074,370 $ 3,264,342 $ 1,225,297 $ 1,036,986 $ 910,042 $ 11,295,272 $ 32,823,072 Consumer Pass $ 92,295 $ 32,771 $ 4,179 $ 4,895 $ 7,226 $ 2 $ - $ 141,368 Special Mention - - - - - - - - Substandard 6,106 - 1,524 - - - - 7,630 Doubtful - - - - - - 16,138 16,138 Total $ 98,401 $ 32,771 $ 5,703 $ 4,895 $ 7,226 $ 2 $ 16,138 $ 165,136 Aggregate total Pass $ 48,078,770 $ 107,173,742 $ 72,736,249 $ 29,206,581 $ 42,521,791 $ 193,674,174 $ 23,491,273 $ 516,882,580 Special Mention - - - - - - - - Substandard 6,106 - 1,524 - 152,449 11,107,703 - 11,267,782 Doubtful - - - - - - 16,138 16,138 Total $ 48,084,876 $ 107,173,742 $ 72,737,773 $ 29,206,581 $ 42,674,240 $ 204,781,877 $ 23,507,411 $ 528,166,500 December 31, 2022 Excellent Above average Average Acceptable Pass watch Special 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]	Allowance for credit losses ending Outstanding loan balances Provision for balance evaluated for impairment: evaluated: Beginning Impact of ASC (recovery of) Charge Ending December 31, 2023 balance 326 Adoption credit losses offs Recoveries balance Individually Collectively Individually Collectively Real estate: Commercial $ 2,818,582 $ (448,483 ) $ 79,889 $ - $ - $ 2,449,988 $ 297,551 $ 2,152,437 $ 2,515,103 $ 359,427,408 Construction and land development 164,596 277,317 (200,665 ) - 11,925 253,173 - 253,173 - 20,446,150 Residential 793,919 508,579 (676,608 ) - 387,048 1,012,938 - 1,012,938 275,622 112,514,009 Commercial 337,303 133,838 22,361 - - 493,502 152,449 341,053 152,449 32,670,623 Consumer 4,706 (4,526 ) 1,900 - - 2,080 - 2,080 - 165,136 Unallocated 31,092 (31,092 ) 73,566 - - 73,566 - 73,566 - - $ 4,150,198 $ 435,633 $ (699,557 ) $ - $ 398,973 $ 4,285,247 $ 450,000 $ 3,835,247 $ 2,943,174 $ 525,223,326 Allowance for loan losses ending Outstanding loan balances Provision balance evaluated for impairment: evaluated for impairment: Beginning for loan Charge Ending Purchase Credit Purchase Credit December 31, 2022 balance 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 81,723 Credit loss expense 145,920 Balance at December 31, 2023 $ 227,643
Accretable Yield of Purchased Loans [Table Text Block]	Balance at December 31, 2022 $ 930,973 Transfer to accretable - Accretion (391,635 ) Balance at December 31, 2023 $ 539,338
Components of Allowance for Credit Losses [Table Text Block]	Year Ended December 31, 2023 Held to maturity securities Loans Unfunded loan commitments Total Beginning balance $ - $ 4,150,198 $ - $ 4,150,198 Impact of adopting ASC 326 51,990 435,633 81,723 569,346 Provision for (recovery of) credit losses (16,363 ) (699,557 ) 145,920 (570,000 ) Charge-offs - - - - Recoveries - 398,973 - 398,973 Ending balance $ 35,627 $ 4,285,247 $ 227,643 $ 4,548,517

Note 6 - Premises and Equipme_2

Note 6 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	Useful lives (in years) 2023 2022 Land and improvements - $ 2,602,998 $ 2,602,998 Buildings and improvements 15 - 39 6,718,452 6,171,003 Furniture and equipment 3 10 5,442,669 5,162,976 14,764,119 13,936,977 Accumulated depreciation and amortization 8,180,667 7,750,383 $ 6,583,452 $ 6,186,594 Depreciation and amortization expense $ 466,559 $ 445,939

Note 7 - Goodwill and Other I_2

Note 7 - Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Intangible Assets and Goodwill [Table Text Block]	Goodwill CDI Total Balance at December 31, 2021 $ 6,978,208 $ 72,872 $ 7,051,080 Amortization - (8,328 ) (8,328 ) Balance at December 31, 2022 6,978,208 64,544 7,042,752 Amortization - (8,328 ) (8,328 ) Balance at December 31, 2023 $ 6,978,208 $ 56,216 $ 7,034,424

Note 8 - Commitments and Cont_2

Note 8 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Lease Assets and Liabilities [Table Text Block]	Consolidated Balance Sheet classification December 31, 2023 December 31, 2022 Operating lease right of use asset Other assets $ 794,484 $ 943,933 Operating lease liabilities Other liabilities 1,010,461 1,166,476
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	Year Amount 2024 $ 193,232 2025 198,886 2026 204,718 2027 210,735 2028 134,782 Thereafter 147,198 Total lease payments 1,089,551 Less imputed interest (79,090 ) Present value of operating lease liabilities $ 1,010,461
Schedule of Credit Commitments [Table Text Block]	2023 2022 Loan commitments Construction and land development $ 8,575,337 $ 911,500 Commercial 17,877,375 398,046 Commercial real estate 7,277,500 9,264,000 Residential 2,195,000 3,402,371 $ 35,925,212 $ 13,975,917 Unused lines of credit Home-equity lines $ 11,395,790 $ 12,086,758 Commercial lines 46,610,690 25,464,025 $ 58,006,480 $ 37,550,783 Letters of credit $ 1,339,391 $ 1,403,956

Note 10 - Interest-bearing De_2

Note 10 - Interest-bearing Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Deposit Liabilities, Type [Table Text Block]	2023 2022 NOW $ 137,733,333 $ 135,716,736 Money market 71,517,344 99,173,640 Savings 86,015,383 103,308,454 Certificates of deposit, greater than $250,000 63,400,261 37,976,238 Other time deposits 207,011,824 120,740,707 $ 565,678,145 $ 496,915,775
Time Deposit Maturities [Table Text Block]	Year Amount 2024 $ 213,140,147 2025 19,413,317 2026 9,266,847 2027 1,348,698 2028 27,243,076 $ 270,412,085

Note 11 - Borrowed Funds (Table

Note 11 - Borrowed Funds (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	2023 2022 Amount oustanding at year-end: Securities sold under repurchase agreements $ 6,760,493 $ 5,175,303 Federal Home Loan Bank advances 5,000,000 20,000,000 Federal Home Loan Bank advances mature in: 2023 - 15,000,000 2025 5,000,000 5,000,000 Federal Reserve Bank advances mature in: 2024 33,000,000 - Long-term debt (net of issuance costs) 13,212,378 15,095,642 Weighted average rate paid at year-end: Securites sold under repurchase agreements 1.25 % 0.30 % Federal Home Loan Bank advances 1.00 % 3.68 % Federal Reserve Bank advances 4.83 % - Long-term debt 4.10 % 4.10 % Average rate paid during the year ended December 31: Securites sold under repurchase agreements 0.90 % 0.30 % Federal Home Loan Bank advances 3.57 % 1.55 % Federal Reserve Bank advances 5.31 % 0.00 % Long-term debt 4.10 % 4.10 %
Schedule of Debt [Table Text Block]	2023 2022 Investment securities underlying the repurchase agreements at December 31: $ 10,931,040 $ 11,389,983 Carrying value Loans pledged to the Federal Home Loan Bank at December 31: $ 468,200,244 $ 458,863,387 Carrying value Loans pledged to the Federal Reserve Bank at December 31: $ 59,830,354 $ 62,720,368 Carrying value

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2023 2022 Current Federal $ 1,172,513 $ 1,852,205 State 452,567 883,493 1,625,080 2,735,698 Deferred tax expense (benefit) 392,170 (250,672 ) $ 2,017,250 $ 2,485,026
Schedule of Components of Deferred Tax Expense Benefit [Table Text Block]	2023 2022 Depreciation $ (14,401 ) $ 15,108 Insurance proceeds for storm damage 1,212 185,326 Provision for credit losses on loans 52,362 (160,332 ) Provision for credit losses on held to maturity securities 4,503 - Provision for credit losses on unfunded commitments (40,154 ) - Other real estate owned allowance for loss 388,057 - Nonaccrual interest (3,590 ) (29,429 ) Prepaid captive insurance premium - (357,518 ) Write-down of equity securities 1,498 (11,583 ) Lease liability, net of right of use asset 1,807 (1,198 ) Purchase accounting adjustments 22,972 153,455 Stock compensation (1,249 ) Post-retirement benefits (20,847 ) (44,501 ) $ 392,170 $ (250,672 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Deferred tax assets Allowance for credit losses on loans $ 1,179,193 $ 1,111,679 Allowance for credit losses on held to maturity securities 9,803 - Allowance for credit losses on unfunded commitments 62,642 - Other real estate owned allowance for loss 46,571 434,628 Derivatives 442,825 - Nonaccrual interest 121,600 118,010 Post-retirement benefits 716,831 695,983 Purchase accounting adjustments - 81,687 Unrealized loss on securities available for sale 6,209,991 6,433,263 Lease liability, net of right of use asset 59,431 61,238 Other 20,830 21,079 8,869,717 8,957,567 Deferred tax liabilities Purchase accounting adjustments 5,514 - Depreciation 349,607 364,008 Insurance proceeds from storm damage 186,539 185,326 Other 15,575 15,575 557,235 564,909 Net deferred tax asset $ 8,312,482 $ 8,392,658
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Statutory federal income tax rate 21.0 % 21.0 % Increase (decrease) resulting from: Federal tax-exempt income (2.3 ) (3.6 ) State income taxes, net of federal income tax benefit 5.8 5.8 Other (0.6 ) 0.3 23.9 % 23.5 %

Note 13 - Capital Standards (Ta

Note 13 - Capital Standards (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2023 Amount Ratio Amount Ratio Amount Ratio Total capital (to risk-weighted assets) $ 79,988 13.45 % $ 62,437 10.50 % $ 59,464 10.00 % Tier 1 capital (to risk-weighted assets) 75,440 12.69 % 50,544 8.50 % 47,571 8.00 % Common equity tier 1 (to risk- weighted assets) 75,440 12.69 % 41,625 7.00 % 38,651 6.50 % Tier 1 leverage (to average assets) 75,440 9.42 % 32,051 4.00 % 40,063 5.00 % December 31, 2022 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 14 - Derivative Financia_2

Note 14 - Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Line Item in the Carrying Amount Balance Sheet in of the Hedged Cumulative Amount of Fair Which the Hedged Assets Value Hedging Adjustment Item is Included December 31, 2023 December 31, 2023 Securities available for sale $ 69,920,575 $ (1,609,248 ) December 31, 2023 Fair Value Included in other liabilities: Derivatives designated as hedges: Interest rate swaps related to securities available for sale $ 1,563,527 Total included in other liabilities $ 1,563,527
Derivative Instruments, Gain (Loss) [Table Text Block]	Location and Amount of Gain or Loss Recognized in Income on Fair Value Hedging Relationships Total amounts of income and expense line items presented in the statements of income in which the effects of the fair value hedge is recorded are as follows: Year Ended December 31, 2023 Interest Income The effects of fair value hedging: Gain on fair value hedging relationships: Hedged items $ 45,721 Interest rate contracts designated as hedging instruments 326,203 Net gain on fair value hedging relationships included in interest income from investment securities - taxable $ 371,924

Note 15 - Fair Value (Tables)

Note 15 - Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Carrying Value: December 31, 2023 Level 1 Level 2 Level 3 Total Recurring: Available for sale securities State and municipal $ - $ 484,808 $ - $ 484,808 SBA pools - 766,710 - 766,710 Corporate bonds - 8,570,429 - 8,570,429 Mortgage-backed securities - 154,262,726 - 154,262,726 $ - $ 164,084,673 $ - $ 164,084,673 Fair value hedge $ - $ (1,563,527 ) $ - $ (1,563,527 ) Equity security at fair value Mutual fund $ 507,130 $ - $ - $ 507,130 Nonrecurring: Other real estate owned, net $ - $ - $ 1,242,365 $ 1,242,365 Collateral-dependent loans, net $ - $ - $ 205,410 $ 205,410 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]	Description of Asset Fair Value Valuation technique Unobservable Inputs Range (Average) Collateral-dependent loans $ 205,410 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 ) December 31, 2023 fair value $ -
Fair Value, by Balance Sheet Grouping [Table Text Block]	December 31, 2023 December 31, 2022 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets Level 1 inputs Cash and cash equivalents $ 44,690,337 $ 44,690,337 $ 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 2,180,734 2,180,734 1,815,784 1,815,784 Securities available for sale 164,084,673 164,084,673 126,314,449 126,314,449 Securities held to maturity 17,293,422 16,193,020 17,537,377 15,908,175 Equity security 507,130 507,130 489,145 489,145 Mortgage loans held for sale - - 428,355 434,271 Restricted stock, at cost 863,500 863,500 1,332,500 1,332,500 Bank owned life insurance 14,930,754 14,930,754 14,585,342 14,585,342 Level 3 inputs Securities held to maturity 2,870,200 2,870,200 2,971,620 2,971,620 Loans, net 523,308,044 507,138,253 516,920,540 503,144,771 Financial liabilities Level 1 inputs Noninterest-bearing deposits $ 115,284,706 $ 115,284,706 $ 126,695,349 $ 126,695,349 Securities sold under repurchase agreements 6,760,493 6,760,493 5,175,303 5,175,303 Level 2 inputs Interest-bearing deposits 565,678,145 566,925,060 496,915,775 492,769,775 Federal Home Loan Bank advances 5,000,000 4,754,000 20,000,000 19,622,000 Federal Reserve Bank advances 33,000,000 32,996,852 - - Long-term debt 13,212,378 12,428,000 15,095,642 14,241,237 Accrued interest payable 1,482,773 1,482,773 349,910 349,910 Fair value hedge 1,563,527 1,563,527 - -

Note 16 - Stock-based Compens_2

Note 16 - Stock-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Weighted Average Number of Grant Date Shares Fair Value per Share Nonvested at January 1, 2023 - - Granted 5,000 18.54 Vested 2,000 19.13 Forefeited - - Balance at December 31, 2023 3,000 18.15

Note 17 - Parent Company Fina_2

Note 17 - Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Condensed Balance Sheet [Table Text Block]	Balance Sheets December 31, 2022 2022 Assets Cash and cash equivalents $ 69,905 $ 806,384 Investment in subsidiaries 65,314,174 62,064,533 Other assets 145,183 158,127 $ 65,529,262 $ 63,029,044 Liabilities and Stockholders' Equity Long-term debt $ 13,212,378 $ 15,095,642 Accrued interest payable 138,593 158,439 13,350,971 15,254,081 Stockholders' equity Common stock, par value $ .01 5,000,000 3,116,966 3,071,214 31,170 30,712 Additional paid-in capital 30,398,080 29,549,914 Retained earnings 39,433,185 35,300,166 Accumulated other comprehensive loss (17,684,144 ) (17,105,829 ) 52,178,291 47,774,963 $ 65,529,262 $ 63,029,044
Condensed Income Statement [Table Text Block]	Statements of Income Years Ended December 31, 2023 2022 Income Cash dividends from subsidiaries $ 2,880,000 $ 3,574,000 Total income 2,880,000 3,574,000 Interest expense - long-term debt (584,953 ) (664,621 ) Noninterest expense (89,669 ) (90,969 ) Income before income taxes and equity in undistributed income of subsidiaries 2,205,378 2,818,410 Income tax (benefit) (141,509 ) (158,556 ) Income before equity in undistributed income of subsidiaries 2,346,887 2,976,966 Dividends in excess of income of insurance subsidiary - (247,472 ) Equity in undistributed income of insurance subsidiary 72,258 - Equity in undistributed income of bank subsidiary 3,999,192 5,360,633 Net Income $ 6,418,337 $ 8,090,127
Condensed Cash Flow Statement [Table Text Block]	Years Ended December 31, 2023 2022 Cash flows from operating activities Net Income $ 6,418,337 $ 8,090,127 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiaries (4,071,450 ) (5,360,633 ) Decrease in accrued interest payable (19,846 ) (19,683 ) Amortization of debt issuance costs 5,625 5,625 Stock based compensation 42,788 - Change in income tax receivable 12,944 27,739 Dividend received in excess of income of insurance subsidiary - 247,472 Cash provided by operating activities 2,388,398 2,990,647 Cash flows from investing activities Cash used in investing activities - - Cash flows from financing activities Long-term debt (1,888,889 ) (1,888,888 ) Dividends paid, net of reinvestments (1,235,988 ) (1,225,729 ) Cash used in financing activities (3,124,877 ) (3,114,617 ) Net decrease in cash and cash equivalents (736,479 ) (123,970 ) Cash and cash equivalents at beginning of period 806,384 930,354 Cash and cash equivalents at end of period $ 69,905 $ 806,384

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023	Dec. 31, 2021
Advertising Expense	$ 270,308	$ 258,032
Weighted Average Number of Shares Outstanding, Diluted, Adjustment (in shares)	3,000	0
Equity, Attributable to Parent	$ 52,178,291	$ 47,774,963	$ 49,590,750	$ 56,621,458
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	569,346
Equity, Attributable to Parent	$ (243,494)	$ (243,494)	$ (243,494)
First Community Bankers Insurance Co., LLC [Member]
Percentage of Ownership	100%

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Impact of Implementation of ASC 326 (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, before Allowance for Credit Loss	$ 528,166,500	$ 521,912,554	$ 521,679,143
Loans, allowance for credit loss	4,285,247	4,585,831	4,150,198	$ 3,650,268
Loans, net	523,308,044	517,326,723	516,920,540
Held-to-Maturity, Allowance for Credit Loss	35,627	51,990	0
Net deferred tax asset	8,869,717	92,441	8,957,567
Allowance for credit losses on off balance sheet credit exposures	227,643	81,723	0
Total equity	52,178,291	49,590,750	47,774,963	56,621,458
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	361,942,511		351,794,702
Loans, allowance for credit loss	2,449,988	2,370,099	2,818,582	2,482,930
Construction and Land Development [Member]
Financing Receivable, before Allowance for Credit Loss	20,446,150		23,978,373
Loans, allowance for credit loss	253,173	441,913	164,596	214,547
Residential Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	112,789,631		114,683,149
Loans, allowance for credit loss	1,012,938	1,302,498	793,919	603,558
Commercial Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	32,823,072		31,066,497
Loans, allowance for credit loss	493,502	471,141	337,303	255,413
Consumer Portfolio Segment [Member]
Financing Receivable, before Allowance for Credit Loss	165,136		156,422
Loans, allowance for credit loss	2,080	180	4,706	4,370
Unallocated Financing Receivables [Member]
Loans, allowance for credit loss	73,566	0	31,092	$ 89,450
Accounting Standards Update 2016-13 [Member]
Financing Receivable, before Allowance for Credit Loss			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]
Financing Receivable, before Allowance for Credit Loss		233,411
Loans, allowance for credit loss		435,633	435,633
Loans, net		(202,222)
Held-to-Maturity, Allowance for Credit Loss		51,990	51,990
Net deferred tax asset		92,441
Allowance for credit losses on off balance sheet credit exposures		81,723	81,723
Total equity	$ (243,494)	(243,494)	(243,494)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans, allowance for credit loss		(448,483)	(448,483)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development [Member]
Loans, allowance for credit loss		277,317	277,317
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member]
Loans, allowance for credit loss		508,579	508,579
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Portfolio Segment [Member]
Loans, allowance for credit loss		133,838	133,838
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member]
Loans, allowance for credit loss		(4,526)	(4,526)
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 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Basic and Diluted Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 6,418,337	$ 8,090,127
Weighted average shares outstanding (in shares)	3,083,021	3,046,377
Effect of dilutive restricted stock units (in shares)	3,000	0
Weighted average shares outstanding (in shares)	3,086,021	3,046,377
Earnings per common share - basic (in dollars per share)	$ 2.08	$ 2.66
Earnings per common share - diluted (in dollars per share)	$ 2.08	$ 2.66

Note 2 - Cash and Cash Equiva_2

Note 2 - Cash and Cash Equivalents (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Cash, Uninsured Amount	$ 1,050,354	$ 11,945,635

Note 3 - Investment Securitie_2

Note 3 - Investment Securities (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss	$ 418,549	$ 310,324
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss	121,670	122,874
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	12,910,294	19,994,811
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	$ 50,371,861	$ 24,258,980

Note 3 - Investment Securitie_3

Note 3 - Investment Securities - Investments in Debt Securities (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Amortized cost, available for sale	$ 186,873,236		$ 149,914,393
Unrealized gains, available for sale	1,026,783		1,425
Unrealized losses, available for sale	23,815,346		23,601,369
Fair value, available for sale	164,084,673		126,314,449
AFS, allowance for credit loss	0
AFS, net	164,084,673
Held To Maturity Securities	20,199,249
Fair value, held to maturity	19,063,221
HTM, allowance for credit loss	35,627	$ 51,990	0
HTM, net	20,163,622		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	15,192		17,841
Fair value, available for sale	484,808		552,281
AFS, allowance for credit loss	0
AFS, net	484,808
Held To Maturity Securities	20,199,249		20,508,997
Unrealized gains, held to maturity	39,537		4,176
Unrealized losses, held to maturity	1,175,565		1,633,378
Fair value, held to maturity	19,063,221		18,879,795
HTM, allowance for credit loss	35,627
HTM, net	20,163,622
SBA Pools [Member]
Amortized cost, available for sale	776,686		1,033,606
Unrealized gains, available for sale	1,160		1,425
Unrealized losses, available for sale	11,136		15,234
Fair value, available for sale	766,710		1,019,797
AFS, allowance for credit loss	0
AFS, net	766,710
Corporate Debt Securities [Member]
Amortized cost, available for sale	9,853,988		10,414,146
Unrealized gains, available for sale	0		0
Unrealized losses, available for sale	1,283,559		1,024,250
Fair value, available for sale	8,570,429		9,389,896
AFS, allowance for credit loss	0
AFS, net	8,570,429
Collateralized Mortgage-Backed Securities [Member]
Amortized cost, available for sale	175,742,562		137,896,519
Unrealized gains, available for sale	1,025,623		0
Unrealized losses, available for sale	22,505,459		22,544,044
Fair value, available for sale	154,262,726		$ 115,352,475
AFS, allowance for credit loss	0
AFS, net	$ 154,262,726

Note 3 - Investment Securitie_4

Note 3 - Investment Securities - Rating for Held to Maturity Securities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Held To Maturity Securities	$ 20,199,249
US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	20,199,249	$ 20,508,997
Standard & Poor's, AAA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	2,785,955
Standard & Poor's, AA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	10,434,388
Standard & Poor's, A Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	3,808,365
Standard & Poor's, BAA Rating [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	250,661
Not Rated [Member] | US States and Political Subdivisions Debt Securities [Member]
Held To Maturity Securities	$ 2,919,880

Note 3 - Investment Securitie_5

Note 3 - Investment Securities - Allowance for Credit Loss on Held to Maturity Securities (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Beginning balance	$ 0
Recovery of credit loss	(16,363)
Ending balance	35,627
Accounting Standards Update 2016-13 [Member]
Beginning balance	0
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance	$ 51,990

Note 3 - Investment Securitie_6

Note 3 - Investment Securities - Contractual Maturities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Available for Sale Amortized cost, Within one year	$ 1,259,692
Available for Sale Fair value, Within one year	1,220,382
Held to Maturity Amortized cost, Within one year	230,000
Held to Maturity Fair value, Within one year	230,065
Available for Sale Amortized cost, Over one to five years	1,779,830
Available for Sale Fair value, Over one to five years	1,708,398
Held to Maturity Amortized cost, Over one to five years	666,321
Held to Maturity Fair value, Over one to five years	652,278
Available for Sale Amortized cost, Fair value, Over one to five years	7,314,466
Available for Sale Fair value, Over five to ten years	6,126,457
Held to Maturity Amortized cost, Over five to ten years	5,864,476
Held to Maturity Fair value, Over five to ten years	5,654,095
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	13,438,452
Held to Maturity Fair value, Over ten years	12,526,783
Available for Sale Amortized cost, total maturity	10,353,988
Available for Sale Fair value, total maturity	9,055,237
Held to Maturity Amortized cost, total maturity	20,199,249
Held to Maturity Fair value, total maturity	19,063,221
SBA pools, due in monthly installments	176,519,248
SBA pools, due in monthly installments	155,029,436
SBA pools, due in monthly installments	0
SBA pools, due in monthly installments	0
Available for Sale, Amortized cost	186,873,236	$ 149,914,393
Available for Sale Fair value Total	164,084,673	$ 126,314,449
Held to Maturity Amortized cost Total	20,199,249
Held to Maturity Fair value Total	$ 19,063,221

Note 3 - Investment Securitie_7

Note 3 - Investment Securities - Gross Unrealized Losses on Continuous Basis for Investment Securities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Less than 12 months Fair value	$ 26,391,932	$ 43,137,981
Less than 12 months Unrealized losses	457,112	3,707,309
12 months or more Fair value	125,381,223	97,268,040
12 months or more Unrealized losses	24,533,799	21,527,438
Total Fair value	151,773,155	140,406,021
Total Unrealized losses	24,990,911	25,234,747
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months Fair value	2,210,426	13,668,676
Less than 12 months Unrealized losses	19,997	1,057,412
12 months or more Fair value	11,834,320	1,537,715
12 months or more Unrealized losses	1,170,760	593,807
Total Fair value	14,044,746	15,206,391
Total Unrealized losses	1,190,757	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	659,869	857,259
12 months or more Unrealized losses	11,136	15,234
Total Fair value	659,869	857,259
Total Unrealized losses	11,136	15,234
Corporate Debt Securities [Member]
Less than 12 months Fair value	341,264	4,184,875
Less than 12 months Unrealized losses	58,736	356,746
12 months or more Fair value	8,229,165	4,805,021
12 months or more Unrealized losses	1,224,823	667,504
Total Fair value	8,570,429	8,989,896
Total Unrealized losses	1,283,559	1,024,250
Collateralized Mortgage-Backed Securities [Member]
Less than 12 months Fair value	23,840,242	25,284,430
Less than 12 months Unrealized losses	378,379	2,293,151
12 months or more Fair value	104,657,869	90,068,045
12 months or more Unrealized losses	22,127,080	20,250,893
Total Fair value	128,498,111	115,352,475
Total Unrealized losses	$ 22,505,459	$ 22,544,044

Note 4 - Related Party Transa_3

Note 4 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties	$ 11,478,637	$ 12,227,721	$ 13,822,556
Related Party Deposit Liabilities	8,314,359	10,138,362
Payments to Fund Long-Term Loans to Related Parties	6,545	54,624
Unused lines of Credit [Member]
Loans and Leases Receivable, Related Parties	58,000	208,100
Letter of Credit [Member]
Loans and Leases Receivable, Related Parties	$ 15,847	$ 15,847

Note 4 - Related Party Transa_4

Note 4 - Related Party Transactions - Related Party Loan Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, beginning of year	$ 12,227,721	$ 13,822,556
Additions	177,968	3,274,719
Amounts collected	(927,052)	(4,869,554)
Balance, end of year	$ 11,478,637	$ 12,227,721

Note 5 - Loans and Allowance _3

Note 5 - Loans and Allowance for Credit Losses (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Jan. 01, 2023 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Nonaccrual, Interest Income	$ 0	$ 0
Financing Receivable, Nonaccrual	655,410	655,410
Financing Receivable, Allowance for Credit Loss	$ 4,285,247	4,150,198	$ 4,585,831	$ 3,650,268
Financing Receivable, Modifications, Number of Contracts	1
Financing Receivable, Modified, Weighted Average Term Increase from Modification (Month)	3 months
Financing Receivable, Accrued Interest, after Allowance for Credit Loss	$ 1,539,332	1,373,078
Purchased Loans, Accretable Yield, Accretion	391,635	698,269
Purchased Loans, Accretable Yield, Reclassifications from Nonaccretable Difference	0
Loans Acquired, Accretable Yield	509,087
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities, Accretable Yield, Amortization	369,669	526,377
Loans Acquired, Outstanding Balance	74,146,002
Loans Acquired, Carrying Amount, Net	74,115,751
Financing Receivable, before Allowance for Credit Loss	528,166,500	521,679,143	521,912,554
Participating Mortgage Loans, Participation Liabilities, Amount	15,500,000	13,500,000
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank of Atlanta [Member]
Financing Receivable, before Allowance for Credit Loss	468,300,000
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member] | Federal Home Loan Bank of Richmond [Member]
Financing Receivable, before Allowance for Credit Loss	59,700,000
Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Allowance for Credit Loss	3,835,247	0
Purchased Loans, Nonaccretable Difference	0
Purchased Loans, Accretable Yield, Reclassifications from Nonaccretable Difference	233,411
Financing Receivable, before Allowance for Credit Loss		579,205
Nonaccrual Loans [Member]
Financing Receivable, Allowance for Credit Loss	450,000	281,910
Nonperforming Financial Instruments [Member]
Financing Receivable, Nonaccrual, Interest Income	$ 45,856	$ 45,856
Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Number of Loans, Nonaccrual Status	1	1
Financing Receivable, Nonaccrual	$ 502,961	$ 502,961
Financing Receivable, Allowance for Credit Loss	2,449,988	2,818,582	2,370,099	2,482,930
Financing Receivable, before Allowance for Credit Loss	361,942,511	351,794,702
Commercial Real Estate Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Allowance for Credit Loss	$ 2,152,437	0
Financing Receivable, before Allowance for Credit Loss		$ 0
Commercial Portfolio Segment [Member]
Financing Receivable, Number of Loans, Nonaccrual Status	1	1
Financing Receivable, Nonaccrual	$ 152,449	$ 152,449
Financing Receivable, Allowance for Credit Loss	493,502	337,303	$ 471,141	$ 255,413
Financing Receivable, before Allowance for Credit Loss	32,823,072	31,066,497
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, Allowance for Credit Loss	$ 341,053	0
Financing Receivable, before Allowance for Credit Loss		$ 0

Note 5 - Loans and Allowance _4

Note 5 - Loans and Allowance for Credit Losses - Major Categories of Loans (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans	$ 528,166,500	$ 521,912,554	$ 521,679,143
Loans, allowance for credit loss	4,285,247	4,585,831	4,150,198	$ 3,650,268
Deferred origination fees, net of costs	573,209		608,405
Financing Receivable, after Allowance for Credit Loss	523,308,044	517,326,723	516,920,540
Commercial Real Estate Portfolio Segment [Member]
Loans	361,942,511		351,794,702
Loans, allowance for credit loss	2,449,988	2,370,099	2,818,582	2,482,930
Construction and Land Development [Member]
Loans	20,446,150		23,978,373
Loans, allowance for credit loss	253,173	441,913	164,596	214,547
Residential Portfolio Segment [Member]
Loans	112,789,631		114,683,149
Loans, allowance for credit loss	1,012,938	1,302,498	793,919	603,558
Commercial Portfolio Segment [Member]
Loans	32,823,072		31,066,497
Loans, allowance for credit loss	493,502	471,141	337,303	255,413
Consumer Portfolio Segment [Member]
Loans	165,136		156,422
Loans, allowance for credit loss	$ 2,080	$ 180	$ 4,706	$ 4,370

Note 5 - Loans and Allowance _5

Note 5 - Loans and Allowance for Credit Losses - Non-accrual Loans (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Nonaccrual, No Allowance	$ 0	$ 0
Nonaccrual loans	655,410	655,410
Commercial Real Estate Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	502,961	502,961
Construction and Land Development [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	0	0
Residential Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	0	0
Commercial Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	152,449	152,449
Consumer Portfolio Segment [Member]
Nonaccrual, No Allowance	0	0
Nonaccrual loans	$ 0	$ 0

Note 5 - Loans and Allowance _6

Note 5 - Loans and Allowance for Credit Losses - Past Due Loans (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans	$ 528,166,500	$ 521,912,554	$ 521,679,143
Loans, 90 days past due and still accruing	0		0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans	162,594		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	818,004		966,819
Financial Asset, Not Past Due [Member]
Loans	527,348,496		520,712,324
Commercial Real Estate Portfolio Segment [Member]
Loans	361,942,511		351,794,702
Loans, 90 days past due and still accruing	0		0
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	361,439,550		351,291,741
Construction and Land Development [Member]
Loans	20,446,150		23,978,373
Loans, 90 days past due and still accruing	0		0
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	20,446,150		23,978,373
Residential Portfolio Segment [Member]
Loans	112,789,631		114,683,149
Loans, 90 days past due and still accruing	0		0
Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	161,431		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	161,431		311,409
Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	112,628,200		114,371,740
Commercial Portfolio Segment [Member]
Loans	32,823,072		31,066,497
Loans, 90 days past due and still accruing	0		0
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	32,670,623		30,914,048
Consumer Portfolio Segment [Member]
Loans	165,136		156,422
Loans, 90 days past due and still accruing	0		0
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	1,163		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	1,163		0
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans	$ 163,973		$ 156,422

Note 5 - Loans and Allowance _7

Note 5 - Loans and Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans	$ 528,166,500	$ 521,912,554	$ 521,679,143
Commercial Real Estate Portfolio Segment [Member]
Loans	361,942,511		351,794,702
Construction and Land Development [Member]
Loans	20,446,150		23,978,373
Residential Portfolio Segment [Member]
Loans	112,789,631		114,683,149
Commercial Portfolio Segment [Member]
Loans	32,823,072		31,066,497
Consumer Portfolio Segment [Member]
Loans	165,136		$ 156,422
Collateral Pledged [Member]
Loans	2,943,174
Collateral Pledged [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans	2,515,103
Collateral Pledged [Member] | Construction and Land Development [Member]
Loans	0
Collateral Pledged [Member] | Residential Portfolio Segment [Member]
Loans	275,622
Collateral Pledged [Member] | Commercial Portfolio Segment [Member]
Loans	152,449
Collateral Pledged [Member] | Consumer Portfolio Segment [Member]
Loans	$ 0

Note 5 - Loans and Allowance _8

Note 5 - 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	3,714,107
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	3,509,708
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	128,175
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	76,224
Interest Recognized	$ 0

Note 5 - Loans and Allowance _9

Note 5 - Loans and Allowance for Credit Losses - Summary of Modified Financing Receivables (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
to Total Financing Receivables, Percentage	0.37%
Extended Maturity [Member]
Financing Receivable, Modified	$ 1,973,558
Commercial Real Estate Portfolio Segment [Member]
to Total Financing Receivables, Percentage	0.55%
Commercial Real Estate Portfolio Segment [Member] | Extended Maturity [Member]
Financing Receivable, Modified	$ 1,973,558

Note 5 - Loans and Allowance_10

Note 5 - Loans and Allowance for Credit Losses - Loans by Credit Grade (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Loans, current year	$ 48,084,876
Loans, one year before	107,173,742
Loans, two years before	72,737,773
Loans, three years before	29,206,581
Loans, four years before	42,674,240
Loans, prior	204,781,877
Loans, revolving	23,507,411
Loans	528,166,500	$ 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	48,078,770
Loans, one year before	107,173,742
Loans, two years before	72,736,249
Loans, three years before	29,206,581
Loans, four years before	42,521,791
Loans, prior	193,674,174
Loans, revolving	23,491,273
Loans	516,882,580		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	6,106
Loans, one year before	0
Loans, two years before	1,524
Loans, three years before	0
Loans, four years before	152,449
Loans, prior	11,107,703
Loans, revolving	0
Loans	11,267,782		12,070,750
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	16,138
Loans	16,138		35,381
Commercial Real Estate Portfolio Segment [Member]
Loans, current year	27,500,909
Loans, one year before	73,944,442
Loans, two years before	54,973,818
Loans, three years before	20,540,492
Loans, four years before	25,102,276
Loans, prior	157,186,306
Loans, revolving	2,694,268
Loans	361,942,511		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	27,500,909
Loans, one year before	73,944,442
Loans, two years before	54,973,818
Loans, three years before	20,540,492
Loans, four years before	25,102,276
Loans, prior	147,755,491
Loans, revolving	2,694,268
Loans	352,511,696		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	9,430,815
Loans, revolving	0
Loans	9,430,815		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	3,359,456
Loans, one year before	6,519,085
Loans, two years before	4,623,119
Loans, three years before	642,571
Loans, four years before	309,038
Loans, prior	4,992,881
Loans, revolving	0
Loans	20,446,150		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	3,359,456
Loans, one year before	6,519,085
Loans, two years before	4,623,119
Loans, three years before	642,571
Loans, four years before	309,038
Loans, prior	4,992,881
Loans, revolving	0
Loans	20,446,150		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	10,109,347
Loans, one year before	18,603,074
Loans, two years before	9,870,791
Loans, three years before	6,793,326
Loans, four years before	16,218,714
Loans, prior	41,692,646
Loans, revolving	9,501,733
Loans	112,789,631		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	10,109,347
Loans, one year before	18,603,074
Loans, two years before	9,870,791
Loans, three years before	6,793,326
Loans, four years before	16,218,714
Loans, prior	40,015,758
Loans, revolving	9,501,733
Loans	111,112,743		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	1,676,888
Loans, revolving	0
Loans	1,676,888		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	7,016,763
Loans, one year before	8,074,370
Loans, two years before	3,264,342
Loans, three years before	1,225,297
Loans, four years before	1,036,986
Loans, prior	910,042
Loans, revolving	11,295,272
Loans	32,823,072		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	7,016,763
Loans, one year before	8,074,370
Loans, two years before	3,264,342
Loans, three years before	1,225,297
Loans, four years before	884,537
Loans, prior	910,042
Loans, revolving	11,295,272
Loans	32,670,623		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	98,401
Loans, one year before	32,771
Loans, two years before	5,703
Loans, three years before	4,895
Loans, four years before	7,226
Loans, prior	2
Loans, revolving	16,138
Loans	165,136		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	92,295
Loans, one year before	32,771
Loans, two years before	4,179
Loans, three years before	4,895
Loans, four years before	7,226
Loans, prior	2
Loans, revolving	0
Loans	141,368		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	6,106
Loans, one year before	0
Loans, two years before	1,524
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	7,630		0
Consumer 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	16,138
Loans	$ 16,138		$ 35,381

Note 5 - Loans and Allowance_11

Note 5 - Loans and Allowance for Credit Losses - Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023
Allowance for loan losses	$ 4,150,198	$ 3,650,268
Provision for loan losses	(699,557)	475,000
Charge-offs	0	(10,240)
Recoveries	398,973	35,170
Allowance for loan losses	4,285,247	4,150,198
Allowance for loan losses ending balance evaluated for impairment individually	450,000	281,910
Allowance for loan losses ending balance evaluated for impairment collectively	2,943,174	3,868,288
Outstanding loan balances evaluated for impairment individually	525,223,326	7,428,214
Loans	528,166,500	521,679,143	$ 521,912,554
Outstanding loan balances evaluated for impairment collectively		513,671,724
Beginning balance	0
Credit loss expense	145,920
Balance at December 31, 2023	227,643	0
Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	3,835,247	0
Loans		579,205
Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses	2,818,582	2,482,930
Provision for loan losses	79,889	343,424
Charge-offs	0	(7,772)
Recoveries	0	0
Allowance for loan losses	2,449,988	2,818,582
Allowance for loan losses ending balance evaluated for impairment individually	297,551	129,461
Allowance for loan losses ending balance evaluated for impairment collectively	2,515,103	2,689,121
Outstanding loan balances evaluated for impairment individually	359,427,408	7,019,415
Loans	361,942,511	351,794,702
Outstanding loan balances evaluated for impairment collectively		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	2,152,437	0
Loans		0
Construction and Land Development [Member]
Allowance for loan losses	164,596	214,547
Provision for loan losses	(200,665)	(66,151)
Charge-offs	0	0
Recoveries	11,925	16,200
Allowance for loan losses	253,173	164,596
Allowance for loan losses ending balance evaluated for impairment individually	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	164,596
Outstanding loan balances evaluated for impairment individually	20,446,150	0
Loans	20,446,150	23,978,373
Outstanding loan balances evaluated for impairment collectively		23,608,751
Construction and Land Development [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	253,173	0
Loans		369,622
Residential Portfolio Segment [Member]
Allowance for loan losses	793,919	603,558
Provision for loan losses	(676,608)	171,391
Charge-offs	0	0
Recoveries	387,048	18,970
Allowance for loan losses	1,012,938	793,919
Allowance for loan losses ending balance evaluated for impairment individually	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	275,622	793,919
Outstanding loan balances evaluated for impairment individually	112,514,009	256,350
Loans	112,789,631	114,683,149
Outstanding loan balances evaluated for impairment collectively		114,217,216
Residential Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	1,012,938	0
Loans		209,583
Commercial Portfolio Segment [Member]
Allowance for loan losses	337,303	255,413
Provision for loan losses	22,361	84,358
Charge-offs	0	(2,468)
Recoveries	0	0
Allowance for loan losses	493,502	337,303
Allowance for loan losses ending balance evaluated for impairment individually	152,449	152,449
Allowance for loan losses ending balance evaluated for impairment collectively	152,449	184,854
Outstanding loan balances evaluated for impairment individually	32,670,623	152,449
Loans	32,823,072	31,066,497
Outstanding loan balances evaluated for impairment collectively		30,914,048
Commercial Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	341,053	0
Loans		0
Consumer Portfolio Segment [Member]
Allowance for loan losses	4,706	4,370
Provision for loan losses	1,900	336
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses	2,080	4,706
Allowance for loan losses ending balance evaluated for impairment individually	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	4,706
Outstanding loan balances evaluated for impairment individually	165,136	0
Loans	165,136	156,422
Outstanding loan balances evaluated for impairment collectively		156,422
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	2,080	0
Loans		0
Unallocated Financing Receivables [Member]
Allowance for loan losses	31,092	89,450
Provision for loan losses	73,566	(58,358)
Charge-offs	0	0
Recoveries	0	0
Allowance for loan losses	73,566	31,092
Allowance for loan losses ending balance evaluated for impairment individually	0	0
Allowance for loan losses ending balance evaluated for impairment collectively	0	31,092
Outstanding loan balances evaluated for impairment individually	0	0
Outstanding loan balances evaluated for impairment collectively		0
Unallocated Financing Receivables [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Allowance for loan losses	0
Allowance for loan losses	73,566	0
Loans		0
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 December 31, 2023		0
Accounting Standards Update 2016-13 [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses	2,818,582
Allowance for loan losses		2,818,582
Accounting Standards Update 2016-13 [Member] | Construction and Land Development [Member]
Allowance for loan losses	164,596
Allowance for loan losses		164,596
Accounting Standards Update 2016-13 [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses	793,919
Allowance for loan losses		793,919
Accounting Standards Update 2016-13 [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses	337,303
Allowance for loan losses		337,303
Accounting Standards Update 2016-13 [Member] | Consumer Portfolio Segment [Member]
Allowance for loan losses	4,706
Allowance for loan losses		4,706
Accounting Standards Update 2016-13 [Member] | Unallocated Financing Receivables [Member]
Allowance for loan losses	31,092
Allowance for loan losses		31,092
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for loan losses	435,633
Allowance for loan losses		435,633
Loans			$ 233,411
Beginning balance	81,723
Balance at December 31, 2023		81,723
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Real Estate Portfolio Segment [Member]
Allowance for loan losses	(448,483)
Allowance for loan losses		(448,483)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Construction and Land Development [Member]
Allowance for loan losses	277,317
Allowance for loan losses		277,317
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Residential Portfolio Segment [Member]
Allowance for loan losses	508,579
Allowance for loan losses		508,579
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Commercial Portfolio Segment [Member]
Allowance for loan losses	133,838
Allowance for loan losses		133,838
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Consumer Portfolio Segment [Member]
Allowance for loan losses	(4,526)
Allowance for loan losses		(4,526)
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unallocated Financing Receivables [Member]
Allowance for loan losses	$ (31,092)
Allowance for loan losses		$ (31,092)

Note 5 - Loans and Allowance_12

Note 5 - Loans and Allowance for Credit Losses - Activity for Accretable Yield of Purchased Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance at December 31, 2022	$ 930,973
Transfer to accretable	0
Accretion	(391,635)	$ (698,269)
Balance at December 31, 2023	$ 539,338	$ 930,973

Note 5 - Loans and Allowance_13

Note 5 - Loans and Allowance for Credit Losses - Components of Allowance for Credit Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 4,150,198
Provision for (recovery of) credit losses	(570,000)
Charge-offs	0	$ (10,240)
Recoveries	398,973	35,170
Balance	4,548,517	4,150,198
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	569,346
Balance		569,346
Held-to-Maturity Securities [Member]
Balance	0
Provision for (recovery of) credit losses	(16,363)
Charge-offs	0
Recoveries	0
Balance	35,627	0
Held-to-Maturity Securities [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	51,990
Balance		51,990
Loans [Member]
Balance	4,150,198
Provision for (recovery of) credit losses	(699,557)
Charge-offs	0
Recoveries	398,973
Balance	4,285,247	4,150,198
Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	435,633
Balance		435,633
Unfunded Loan Commitments [Member]
Balance	0
Provision for (recovery of) credit losses	145,920
Charge-offs	0
Recoveries	0
Balance	227,643	0
Unfunded Loan Commitments [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance	$ 81,723
Balance		$ 81,723

Note 6 - Premises and Equipme_3

Note 6 - Premises and Equipment (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jul. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Net, Total		$ 6,583,452	$ 6,186,594
Gain on Business Interruption Insurance Recovery		4,406	673,483
Amortization of Intangible Assets		43,528	36,550
Other Assets [Member]
Intangible Assets, Net (Excluding Goodwill)		$ 66,375	$ 90,927
Storm [Member]
Proceeds from Insurance Settlement, Including Repairs	$ 779,064
Proceeds from Insurance Used to Repair Roof	67,850
Property, Plant and Equipment, Net, Total	37,732
Gain on Business Interruption Insurance Recovery	$ 673,483

Note 6 - Premises and Equipme_4

Note 6 - Premises and Equipment - Premises and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Gross	$ 14,764,119	$ 13,936,977
Accumulated depreciation and amortization	8,180,667	7,750,383
Property, Plant and Equipment, Net	6,583,452	6,186,594
Depreciation and amortization expense	466,559	445,939
Land and Land Improvements [Member]
Property, Plant and Equipment, Gross	2,602,998	2,602,998
Building and Building Improvements [Member]
Property, Plant and Equipment, Gross	$ 6,718,452	6,171,003
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives (Year)	15 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives (Year)	39 years
Furniture and Fixtures [Member]
Property, Plant and Equipment, Gross	$ 5,442,669	$ 5,162,976
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment, Estimated Useful Lives (Year)	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment, Estimated Useful Lives (Year)	10 years

Note 7 - Goodwill and Other I_3

Note 7 - Goodwill and Other Intangibles (Details Textual) - Core Deposits [Member]	Dec. 31, 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

Note 7 - Goodwill and Other I_4

Note 7 - Goodwill and Other Intangibles - Changes in Goodwill and Other Intangibles (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 6,978,208	$ 6,978,208
Balance	7,042,752	7,051,080
Amortization, other intangible	(43,528)	(36,550)
Amortization	8,328	(8,328)
Amortization	(8,328)	8,328
Balance	6,978,208	6,978,208
Balance	7,034,424	7,042,752
Core Deposits [Member]
Balance, other intangible	64,544	72,872
Amortization, other intangible	(8,328)	(8,328)
Balance, other intangible	$ 56,216	$ 64,544

Note 8 - Commitments and Cont_3

Note 8 - Commitments and Contingencies (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2020	Jun. 30, 2020	May 31, 2018	Jan. 31, 2018
Operating Lease, Cost	$ 184,300	$ 188,909
Operating Lease, Weighted Average Remaining Lease Term (Year)	5 years 6 months 25 days
Operating Lease, Weighted Average Discount Rate, Percent	3.25%
Operating Lease, Payments	$ 190,866	184,554
First Community Bankers Insurance Co., LLC [Member]
Liability for Claims and Claims Adjustment Expense	$ 332,364	$ 530,720
Operating Lease for Hampstead Branch [Member]
Lessee, Operating Lease, Number of Renewal Terms		3
Lessee, Operating Lease, Renewal Term (Year)			5 years
Operating Lease for Certain Facilities of Greenmount Branch [Member]
Lessee, Operating Lease, Renewal Term (Year)						5 years
Lessee, Operating Lease, Term of Contract (Year)						5 years
Operating Lease for the Corporate Headquarters [Member]
Lessee, Operating Lease, Renewal Term (Year)				5 years
Lease for Carroll Lutheran Village Branch [Member]
Lessee, Operating Lease, Renewal Term (Year)					5 years
Lessee, Operating Lease, Term of Contract (Year)					5 years
Lessee, Operating Lease, Additional Renewal Term Number					2

Note 8 - Commitments and Cont_4

Note 8 - Commitments and Contingencies - Operating Lease Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Other Assets [Member]
Operating lease right of use asset	$ 794,484	$ 943,933
Other Liabilities [Member]
Operating lease liabilities	$ 1,010,461	$ 1,166,476

Note 8 - Commitments and Cont_5

Note 8 - Commitments and Contingencies - Operating Lease Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
2024	$ 193,232
2025	198,886
2026	204,718
2027	210,735
2028	134,782
Thereafter	147,198
Total lease payments	1,089,551
Less imputed interest	(79,090)
Other Liabilities [Member]
Present value of operating lease liabilities	$ 1,010,461	$ 1,166,476

Note 8 - Commitment and Conting

Note 8 - Commitment and Contingencies - Outstanding Loan Commitments, Unused Lines of Credit, and Letters of Credit (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Letter of Credit [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	$ 1,339,391	$ 1,403,956
Loan Origination Commitments [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	35,925,212	13,975,917
Unused lines of Credit [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	58,006,480	37,550,783
Unused lines of Credit [Member] | Home Equity Loan [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	11,395,790	12,086,758
Unused lines of Credit [Member] | Commercial Lines [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	46,610,690	25,464,025
Construction and Land Development [Member] | Loan Origination Commitments [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	8,575,337	911,500
Commercial Portfolio Segment [Member] | Loan Origination Commitments [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	17,877,375	398,046
Commercial Real Estate Portfolio Segment [Member] | Loan Origination Commitments [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	7,277,500	9,264,000
Residential Portfolio Segment [Member] | Loan Origination Commitments [Member]
Outstanding loan commitments, unused lines of credit, and letters of credit	$ 2,195,000	$ 3,402,371

Note 9 - Retirement Plans (Deta

Note 9 - Retirement Plans (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number of Employees Covered by Life Insurance Policy	12
Other Postretirement Benefits Cost (Reversal of Cost)	$ 7,337	$ 6,809
Employee Benefits and Share-Based Compensation	$ 2,000,932	1,798,150
Supplemental Employee Retirement Plan [Member]
Number of Employees Participating in Plan	4
Employee Benefits and Share-Based Compensation	$ 165,751	154,911
Profit Sharing Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	4%
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100%
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 261,337	$ 256,251

Note 10 - Interest-bearing De_3

Note 10 - Interest-bearing Deposits (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Oct. 01, 2020
Interest-Bearing Deposit Liabilities, Certificates of Deposit, Premium			$ 616,377
Accretion of Premium on Certificate of Deposits	$ 69,843	$ 160,923

Note 10 - Interest-bearing De_4

Note 10 - Interest-bearing Deposits - Classification of Interest-Bearing Deposits (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
NOW	$ 137,733,333	$ 135,716,736
Money market	71,517,344	99,173,640
Savings	86,015,383	103,308,454
Certificates of deposit, greater than $250,000	63,400,261	37,976,238
Other time deposits	207,011,824	120,740,707
Interest-bearing Deposit Liabilities	$ 565,678,145	$ 496,915,775

Note 10 - Interest-bearing De_5

Note 10 - Interest-bearing Deposits - Certificates of Deposit Maturity Schedule (Details)	Dec. 31, 2023 USD ($)
2024	$ 213,140,147
2025	19,413,317
2026	9,266,847
2027	1,348,698
2028	27,243,076
Time Deposits	$ 270,412,085

Note 11 - Borrowed Funds (Detai

Note 11 - Borrowed Funds (Details Textual) - USD ($)		48 Months Ended
	Sep. 30, 2020	Sep. 30, 2025	Dec. 31, 2023
Unsecured Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 14,500,000
Secured Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			9,000,000
Federal Home Loan Bank Advances [Member]
Line of Credit Facility, Maximum Borrowing Capacity			60,500,000
Federal Reserve Bank Advances [Member]
Line of Credit Facility, Maximum Borrowing Capacity			25,400,000
Loan to Fund Merger Consideration [Member]
Debt Instrument, Face Amount	$ 17,000,000
Payments of Debt Issuance Costs	28,126
Proceeds from Issuance of Long-term Debt, Total	$ 16,971,874
Debt Instrument, Interest Rate, Stated Percentage	4.10%
Long-Term Debt, Maturity, Year Five			$ 9,916,667
Loan to Fund Merger Consideration [Member] | Forecast [Member]
Debt Instrument, Periodic Payment, Total		$ 646,472

Note 11 - Borrowed Funds - Borr

Note 11 - Borrowed Funds - Borrowed Funds (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Securities sold under repurchase agreements	$ 6,760,493	$ 5,175,303
Long-term debt, net of issuance costs	13,212,378	15,095,642
Long-Term Debt [Member]
Long-term debt, net of issuance costs	$ 13,212,378	$ 15,095,642
Weighted average rate	4.10%	4.10%
Long-term debt, rate	4.10%	4.10%
Securities Sold under Agreements to Repurchase [Member]
Weighted average rate	1.25%	0.30%
Securites sold under repurchase agreements, rate	0.90%	0.30%
Federal Home Loan Bank Advances [Member]
Weighted average rate	1%	3.68%
Federal Home Loan Bank advances, rate	3.57%	1.55%
Federal Reserve Bank [Member]
Weighted average rate	4.83%	0%
Federal Home Loan Bank advances, rate	5.31%	0%
Federal Home Loan Bank of Atlanta [Member]
Federal Home Loan Bank advances	$ 5,000,000	$ 20,000,000
Federal Home Loan Bank of Atlanta [Member] | Maturing in 2023 [Member]
Federal Home Loan Bank advances	0	15,000,000
Federal Home Loan Bank of Atlanta [Member] | Maturing in 2025 [Member]
Federal Home Loan Bank advances	5,000,000	5,000,000
Federal Home Loan Bank of Atlanta [Member] | Maturing in 2024 [Member]
Federal Home Loan Bank advances	$ 33,000,000	$ 0

Note 11 - Borrowed Funds - Outs

Note 11 - Borrowed Funds - Outstanding Advances (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment securities underlying the repurchase agreements at December 31:	$ 10,931,040	$ 11,389,983
Federal Reserve Bank Advances [Member]
Loans pledged to the Federal Home Loan Bank at December 31:	59,830,354	62,720,368
Federal Home Loan Bank Advances [Member]
Loans pledged to the Federal Home Loan Bank at December 31:	$ 468,200,244	$ 458,863,387

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
Income Tax Examination, Penalties and Interest Expense	$ 3.4
Tax Year 2016, 2017 and 2018 [Member]
Open Tax Year	2016 2017 2018
Income Tax Examination, Penalties and Interest Expense	$ 1.9
Tax Year 2019, 2020 and 2021 [Member]
Open Tax Year	2019 2020 2021
Income Tax Examination, Penalties and Interest Expense	$ 1.5

Note 12 - Income Taxes - Compon

Note 12 - Income Taxes - Components of Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 1,172,513	$ 1,852,205
State	452,567	883,493
Current Income Tax Expense (Benefit), Total	1,625,080	2,735,698
Deferred tax expense (benefit)	392,170	(250,672)
Income Tax Expense (Benefit), Total	$ 2,017,250	$ 2,485,026

Note 12 - Income Taxes - Comp_2

Note 12 - Income Taxes - Components of Deferred Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation	$ (14,401)	$ 15,108
Insurance proceeds for storm damage	1,212	185,326
Provision for credit losses on loans	52,362	(160,332)
Provision for credit losses on held to maturity securities	4,503	0
Provision for credit losses on unfunded commitments	(40,154)	0
Other real estate owned allowance for loss	388,057	0
Nonaccrual interest	(3,590)	(29,429)
Prepaid captive insurance premium	0	(357,518)
Write-down of equity securities	1,498	(11,583)
Lease liability, net of right of use asset	1,807	(1,198)
Purchase accounting adjustments	22,972	153,455
Stock compensation	(1,249)
Post-retirement benefits	(20,847)	(44,501)
Deferred Income Tax Expense (Benefit)	$ 392,170	$ (250,672)

Note 12 - Income Taxes - Comp_3

Note 12 - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Allowance for credit losses on loans	$ 1,179,193		$ 1,111,679
Allowance for credit losses on held to maturity securities	9,803		0
Allowance for credit losses on unfunded commitments	62,642		0
Other real estate owned allowance for loss	46,571		434,628
Derivatives	442,825		0
Nonaccrual interest	121,600		118,010
Post-retirement benefits	716,831		695,983
Purchase accounting adjustments	0		81,687
Unrealized loss on securities available for sale	6,209,991		6,433,263
Lease liability, net of right of use asset	59,431		61,238
Other	20,830		21,079
Deferred Tax Assets, Net of Valuation Allowance, Total	8,869,717	$ 92,441	8,957,567
Deferred tax liabilities
Purchase accounting adjustments	5,514		0
Depreciation	349,607		364,008
Insurance proceeds from storm damage	186,539		185,326
Other	15,575		15,575
Deferred Tax Liabilities, Total	557,235		564,909
Net deferred tax asset	$ 8,312,482		$ 8,392,658

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Statutory federal income tax rate	21%	21%
Federal tax-exempt income	(2.30%)	(3.60%)
State income taxes, net of federal income tax benefit	5.80%	5.80%
Other	(0.60%)	0.30%
Effective Income Tax Rate Reconciliation, Percent	23.90%	23.50%

Note 13 - Capital Standards (De

Note 13 - Capital Standards (Details Textual)	Dec. 31, 2023	Dec. 31, 2022
Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Well Capitalized, Minimum	0.065	0.065
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.08
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.10
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.05

Note 13 - Capital Standards - C

Note 13 - Capital Standards - Capital Requirements (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Capital	$ 79,988	$ 75,826
Capital to Risk Weighted Assets	0.1345	0.1296
Capital Required for Capital Adequacy	$ 62,437	$ 61,410
Capital Required for Capital Adequacy to Risk Weighted Assets	0.105	0.105
Capital Required to be Well Capitalized	$ 59,464	$ 58,486
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.10
Tier One Risk Based Capital	$ 75,440	$ 71,676
Tier One Risk Based Capital to Risk Weighted Assets	0.1269	0.1226
Tier One Risk Based Capital Required for Capital Adequacy	$ 50,544	$ 49,713
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.085	0.085
Tier One Risk Based Capital Required to be Well Capitalized	$ 47,571	$ 46,789
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.08
Common Equity Tier One Capital	$ 75,440	$ 71,676
Common Equity Tier One Capital Ratio	0.1269	0.1226
Common Equity Tier One Capital Required for Capital Adequacy	$ 41,625	$ 40,940
Common Equity Tier One Capital Required for Capital Adequacy Ratio	0.07	0.07
Common Equity Tier One Capital Required to be Well-Capitalized	$ 38,651	$ 38,016
Common Equity Tier One Capital Required to be Well Capitalized Ratio	0.065	0.065
Tier One Leverage Capital	$ 75,440	$ 71,676
Tier One Leverage Capital to Average Assets	0.0942	0.0983
Tier One Leverage Capital Required for Capital Adequacy	$ 32,051	$ 29,167
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.04	0.04
Tier One Leverage Capital Required to be Well Capitalized	$ 40,063	$ 36,459
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.05

Note 14 - Derivative Financia_3

Note 14 - Derivative Financial Instruments (Details Textual) $ in Millions	Dec. 31, 2023 USD ($)
Interest Rate Swap [Member] | Fair Value Hedging [Member]
Derivative, Notional Amount	$ 59.8

Note 14 - Derivative Financia_4

Note 14 - Derivative Financial Instruments - Schedule of Derivative Instruments (Details)	Dec. 31, 2023 USD ($)
Securities Available for Sale [Member]
Securities available for sale	$ 69,920,575
Fair Value Hedge, Cumulative Adjustment	(1,609,248)
Other Assets [Member] | Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Securities available for sale	1,563,527
Other Liabilities [Member] | Designated as Hedging Instrument [Member]
Derivative liability	$ 1,563,527

Note 14 - Derivative Financia_5

Note 14 - Derivative Financial Instrument - Derivative Instruments, Gain (Loss) (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member]	12 Months Ended
	Dec. 31, 2023 USD ($)
Hedged items	$ 45,721
Net gain on fair value hedging relationships included in interest income from investment securities - taxable	371,924
Fair Value Hedging [Member]
Interest rate contracts designated as hedging instruments	$ 326,203

Note 15 - Fair Value (Details T

Note 15 - Fair Value (Details Textual)	12 Months Ended
	Dec. 31, 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 15 - Fair Value - Summariz

Note 15 - Fair Value - Summarizes Financial Assets Measured at Fair Value (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair value, available for sale	$ 164,084,673	$ 126,314,449
Mutual fund	507,130	489,145
Fair Value, Recurring [Member]
Fair value, available for sale	164,084,673	126,314,449
Fair value hedge	(1,563,527)
Mutual fund	507,130	489,145
Fair Value, Nonrecurring [Member]
Other real estate owned, net	1,242,365	1,242,365
Collateral-dependent loans, net	205,410
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	507,130	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	164,084,673	125,914,449
Fair value hedge	(1,563,527)
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	205,410
Impaired loans, net		373,500
US States and Political Subdivisions Debt Securities [Member]
Fair value, available for sale	484,808	552,281
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	484,808	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	484,808	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	766,710	1,019,797
SBA Pools [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	766,710	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	766,710	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	8,570,429	9,389,896
Corporate Debt Securities [Member] | Fair Value, Nonrecurring [Member]
Fair value, available for sale	8,570,429	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	8,570,429	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	154,262,726	115,352,475
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale	154,262,726	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	154,262,726	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 15 - Fair Value - Assets M

Note 15 - Fair Value - Assets Measured on a Nonrecurring Basis (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
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	$ 205,410
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateral Dependent Loans [Member] | Minimum [Member]
Percent, expected sales cost to appraised rate	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%
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%)
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair value	$ 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%
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%
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%)

Note 15 - Fair Value - Reconcil

Note 15 - Fair Value - Reconciliation of Level 3 Inputs (Details) - Corporate Bond Securities [Member]	12 Months Ended
	Dec. 31, 2023 USD ($)
Fair value beginning balance	$ 400,000
Transfer to level 2	(400,000)
Fair value ending balance	$ 0

Note 15 - Fair Value - Estimate

Note 15 - Fair Value - Estimated Fair Value of Financial Instruments (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair value, available for sale	$ 164,084,673	$ 126,314,449
Fair value, held to maturity	19,063,221
Securities held to maturity	19,063,221
Reported Value Measurement [Member]
Federal Reserve Bank advances	33,000,000	0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	44,690,337	7,263,537
Noninterest-bearing deposits	115,284,706	126,695,349
Securities sold under repurchase agreements	6,760,493	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	2,180,734	1,815,784
Fair value, available for sale	164,084,673	126,314,449
Fair value, held to maturity	17,293,422	17,537,377
Equity security	507,130	489,145
Mortgage loans held for sale	0	428,355
Restricted stock, at cost	863,500	1,332,500
Bank owned life insurance	14,930,754	14,585,342
Securities held to maturity	17,293,422	17,537,377
Interest-bearing deposits	565,678,145	496,915,775
Federal Home Loan Bank advances	5,000,000	20,000,000
Long-term debt	13,212,378	15,095,642
Accrued interest payable	1,482,773	349,910
Fair value hedge	1,563,527	0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, held to maturity	2,870,200	2,971,620
Securities held to maturity	2,870,200	2,971,620
Loans, net	523,308,044	516,920,540
Estimate of Fair Value Measurement [Member]
Federal Reserve Bank advances	32,996,852	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	44,690,337	7,263,537
Noninterest-bearing deposits	115,284,706	126,695,349
Securities sold under repurchase agreements	6,760,493	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	2,180,734	1,815,784
Fair value, available for sale	164,084,673	126,314,449
Fair value, held to maturity	16,193,020	15,908,175
Equity security	507,130	489,145
Mortgage loans held for sale	0	434,271
Restricted stock, at cost	863,500	1,332,500
Bank owned life insurance	14,930,754	14,585,342
Securities held to maturity	16,193,020	15,908,175
Interest-bearing deposits	566,925,060	492,769,775
Federal Home Loan Bank advances	4,754,000	19,622,000
Long-term debt	12,428,000	14,241,237
Accrued interest payable	1,482,773	349,910
Fair value hedge	1,563,527	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, held to maturity	2,870,200	2,971,620
Securities held to maturity	2,870,200	2,971,620
Loans, net	$ 507,138,253	$ 503,144,771

Note 16 - Stock-based Compens_3

Note 16 - Stock-based Compensation (Details Textual) - The 2023 Equity Compensation Plan [Member]	12 Months Ended
	Dec. 31, 2023 USD ($) shares
Share-Based Payment Arrangement, Expense | $	$ 42,788
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount | $	$ 49,912
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month)	33 months
Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Issued in Period (in shares) | shares	2,000
Executive Officer [Member] | Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares) | shares	3,000
Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%
Executive Officer [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	33.33%

Note 16 - Stock-based Compens_4

Note 16 - Stock-based Compensation - Summary of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Nonvested, shares (in shares) | shares	0
Nonvested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 0
Granted, shares (in shares) | shares	5,000
Granted, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 18.54
Vested, shares (in shares) | shares	2,000
Vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 19.13
Forefeited, shares (in shares) | shares	0
Forefeited, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 0
Balance, shares (in shares) | shares	3,000
Balance, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares	$ 18.15

Note 17 - Parent Company Fina_3

Note 17 - Parent Company Financial Information - Balance Sheets (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Other assets	$ 5,939,309		$ 5,587,654
Assets	799,940,826		718,210,672
Long-term debt	13,212,378		15,095,642
Accrued interest payable	1,482,773		349,910
Liabilities	747,762,535		670,435,709
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,116,966 shares in 2023 and 3,071,214 shares in 2022	31,170		30,712
Additional paid-in capital	30,398,080		29,549,914
Retained earnings	39,433,185		35,300,166
Accumulated other comprehensive loss	(17,684,144)		(17,105,829)
Total equity	52,178,291	$ 49,590,750	47,774,963	$ 56,621,458
Liabilities and Equity	799,940,826		718,210,672
Parent Company [Member]
Cash and cash equivalents	69,905		806,384
Investment in subsidiaries	65,314,174		62,064,533
Other assets	145,183		158,127
Assets	65,529,262		63,029,044
Long-term debt	13,212,378		15,095,642
Accrued interest payable	138,593		158,439
Liabilities	13,350,971		15,254,081
Common stock, par value $.01 per share, authorized 5,000,000 shares; issued and outstanding 3,116,966 shares in 2023 and 3,071,214 shares in 2022	31,170		30,712
Additional paid-in capital	30,398,080		29,549,914
Retained earnings	39,433,185		35,300,166
Accumulated other comprehensive loss	(17,684,144)		(17,105,829)
Total equity	52,178,291		47,774,963
Liabilities and Equity	$ 65,529,262		$ 63,029,044

Note 17 - Parent Company Fina_4

Note 17 - Parent Company Financial Information - Balance Sheets (Details) (Parentheticals) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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)	3,116,966	3,071,214
Common stock, share outstanding (in shares)	3,116,966	3,071,214
Parent Company [Member]
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)	3,116,966	3,071,214
Common stock, share outstanding (in shares)	3,116,966	3,071,214

Note 17 - Parent Company Fina_5

Note 17 - Parent Company Financial Information - Statements of Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total income	$ 31,323,138	$ 26,269,653
Noninterest expense	15,141,926	15,367,280
Income tax (benefit)	2,017,250	2,485,026
Net Income	6,418,337	8,090,127
Parent Company [Member]
Cash dividends from subsidiaries	2,880,000	3,574,000
Total income	2,880,000	3,574,000
Interest expense - long-term debt	(584,953)	(664,621)
Noninterest expense	89,669	90,969
Income before income taxes and equity in undistributed income of subsidiaries	2,205,378	2,818,410
Income tax (benefit)	(141,509)	(158,556)
Income before equity in undistributed income of subsidiaries	2,346,887	2,976,966
Dividends in excess of income of insurance subsidiary	0	(247,472)
Equity in undistributed income of insurance subsidiary	72,258	0
Equity in undistributed income of bank subsidiary	3,999,192	5,360,633
Net Income	$ 6,418,337	$ 8,090,127

Note 17 - Parent Company Fina_6

Note 17 - Parent Company Financial Information - Statements of Cash Flows (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net Income	$ 6,418,337	$ 8,090,127
Decrease in accrued interest payable	1,132,863	54,000
Amortization of debt issuance costs	5,625	5,625
Stock based compensation	42,788	0
Cash provided by operating activities	5,904,410	7,155,962
Cash used in investing activities	(42,359,493)	(35,358,568)
Dividends paid, net of reinvestments	(1,235,988)	(1,225,729)
Cash used in financing activities	73,881,883	9,004,037
Net decrease in cash and cash equivalents	37,426,800	(19,198,569)
Cash and cash equivalents at beginning of period	7,263,537	26,462,106
Cash and cash equivalents at end of period	44,690,337	7,263,537
Parent Company [Member]
Net Income	6,418,337	8,090,127
Equity in undistributed income of subsidiaries	(4,071,450)	(5,360,633)
Decrease in accrued interest payable	(19,846)	(19,683)
Amortization of debt issuance costs	5,625	5,625
Stock based compensation	42,788	0
Change in income tax receivable	12,944	27,739
Dividend received in excess of income of insurance subsidiary	0	247,472
Cash provided by operating activities	2,388,398	2,990,647
Cash used in investing activities	0	0
Proceeds from Issuance of Long-term Debt, Total	(1,888,889)	(1,888,888)
Dividends paid, net of reinvestments	(1,235,988)	(1,225,729)
Cash used in financing activities	(3,124,877)	(3,114,617)
Net decrease in cash and cash equivalents	(736,479)	(123,970)
Cash and cash equivalents at beginning of period	806,384	930,354
Cash and cash equivalents at end of period	$ 69,905	$ 806,384