Bogota Financial (BSBK) 10-K 28 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 28, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0001787414
Entity Registrant Name	Bogota Financial Corp.
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	001-39180
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	84-3501231
Entity Address, Address Line One	819 Teaneck Road
Entity Address, City or Town	Teaneck
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07666
City Area Code	201
Local Phone Number	862-0660
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	BSBK
Security Exchange Name	NASDAQ
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	true
Entity Ex Transition Period	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Public Float			$ 50,000,000
Entity Common Stock, Shares Outstanding		13,246,147
Auditor Firm ID	74
Auditor Name	S. R. Snodgrass P.C.
Auditor Location	Cranbury Township, PA

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 13,567,115	$ 8,160,028
Interest-bearing deposits in other banks	11,362,356	8,680,889
Cash and cash equivalents	24,929,471	16,840,917
Securities available for sale	68,888,179	85,100,578
Securities held to maturity (at fair value of $65,374,753 and $70,699,651 respectively)	72,656,179	77,427,309
Loans, net of allowance $2,785,949 and $2,578,174, respectively	714,688,635	719,025,762
Premises and equipment, net	7,687,387	7,884,335
Federal Home Loan Bank (“FHLB”) stock	8,616,100	5,490,900
Accrued interest receivable	3,932,785	3,966,651
Core deposit intangibles	206,116	267,272
Bank owned life insurance	30,987,851	30,206,325
Other assets	6,731,500	4,888,954
Total assets	939,324,203	951,099,003
LIABILITIES AND STOCKHOLDERS' EQUITY
Non-interest bearing	30,554,842	38,653,349
Interest bearing	594,792,300	662,758,100
Deposits	625,347,142	701,411,449
FHLB advances-short term	37,500,000	59,000,000
FHLB advances-long term	130,189,663	43,319,254
Advance payments by borrowers for taxes and insurance	2,733,709	3,174,661
Other liabilities	6,380,486	4,534,516
Total liabilities	802,151,000	811,439,880
Stockholders' Equity
Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at December 31,2023, and 2022	0	0
Common stock $0.01 par value, 30,000,000 shares authorized, 13,279,230 issued and outstanding at December 31, 2023 and 13,699,016 at December 31, 2022	132,792	136,989
Additional Paid-In capital	56,149,915	59,099,476
Retained earnings	92,177,068	91,756,673
Unearned ESOP shares (409,750 shares at December 31, 2023 and 436,495 shares at December 31, 2022)	(4,821,798)	(5,123,002)
Accumulated other comprehensive loss	(6,464,774)	(6,211,013)
Total stockholders' equity	137,173,203	139,659,123
Total liabilities and stockholders' equity	$ 939,324,203	$ 951,099,003

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parentheticals) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Securities held to maturity, fair value	$ 65,374,753	$ 70,699,651
Loans, allowance for credit loss	$ 2,785,949	$ 2,578,174
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, issued (in shares)	13,279,230	13,699,016
Common stock, outstanding (in shares)	13,279,230	13,699,016

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Loans	$ 32,046,033	$ 26,264,486
Securities
Taxable	4,070,144	3,516,832
Tax-exempt	91,428	161,187
Other interest-earning assets	1,072,240	403,969
Total interest income	37,279,845	30,346,474
Interest expense
Deposits	18,023,772	5,106,517
FHLB of New York advances	4,282,603	2,162,217
Total interest expense	22,306,375	7,268,734
Net interest income	14,973,470	23,077,740
Provision for (recovery of) credit losses	(125,000)	425,000
Net interest income after provision for (recovery of) credit losses	15,098,470	22,652,740
Non-interest income
Fees and service charges	206,763	179,734
Gain on sale of loans	29,375	86,913
Bank owned life insurance	781,526	694,900
Other	121,371	162,126
Total non-interest income	1,139,035	1,123,673
Non-interest expenses
Salaries and employee benefits	9,820,128	8,713,734
Occupancy and equipment	1,474,107	1,390,718
Federal Deposit Insurance Corporation (“FDIC”) insurance premiums	418,215	220,210
Data processing	969,398	1,132,790
Advertising	465,064	492,859
Director fees	619,650	800,611
Professional fees	661,045	546,004
Other	1,329,520	988,081
Total non-interest expenses	15,757,127	14,285,007
Income before income taxes	480,378	9,491,406
Income tax (benefit) expense	(162,157)	2,614,545
Net income	$ 642,535	$ 6,876,861
Earnings per share - basic (in dollars per share)	$ 0.05	$ 0.51
Earnings per share - diluted (in dollars per share)	$ 0.05	$ 0.51
Weighted average shares outstanding (in shares)	12,891,847	13,570,407
Weighted average shares outstanding - diluted (in shares)	12,891,847	13,576,934

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 642,535	$ 6,876,861
Net comprehensive (loss) income:
Unrealized holding loss arising during the period	(194,520)	(9,064,994)
Tax effect	54,680	2,548,170
Net of tax	(139,840)	(6,516,824)
Defined benefit retirement plans:
Unrealized (loss) gain arising during the period including changes in assumptions	(167,170)	249,184
Reclassification adjustment for amortization of prior service cost and net gain/loss included in salaries and employee benefits	94,315	231,406
Tax effect, income tax benefit	19,720	(135,092)
Net of tax	(53,135)	345,498
Derivatives, net of tax:
Unrealized (loss) gain on swap contracts accounted for as cash flow hedges	(84,554)	324,062
Tax effect	23,768	(91,093)
Net of tax	(60,786)	232,969
Total other comprehensive loss	(253,761)	(5,938,357)
Comprehensive income	$ 388,774	$ 938,504

Consolidated Statements of Equi

Consolidated Statements of 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] Unearned ESOP Shares [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Unearned ESOP Shares [Member]	Total
Balance (in shares) at Dec. 31, 2021							14,605,809
Balance at Dec. 31, 2021							$ 146,057	$ 68,247,204	$ 84,879,812	$ (272,656)	$ (5,424,206)	$ 147,576,211
Net income							0	0	6,876,861	0	0	6,876,861
Stock based compensation							0	932,772	0	0	0	932,772
Other comprehensive income (loss)							$ 0	0	0	(5,938,357)	0	(5,938,357)
Stock purchased and retired (in shares)							(906,793)
Stock purchased and retired							$ (9,068)	(10,060,086)	0	0	0	(10,069,154)
ESOP Shares released							$ 0	(20,414)	0	0	301,204	280,790
Balance (in shares) at Dec. 31, 2022							13,699,016
Balance at Dec. 31, 2022	$ 0	$ 0	$ (222,140)	$ 0	$ 0	$ (222,140)	$ 136,989	59,099,476	91,756,673	(6,211,013)	(5,123,002)	139,659,123
Net income							0	0	642,535	0	0	642,535
Stock based compensation							0	932,772	0	0	0	932,772
Other comprehensive income (loss)							$ 0	0	0	(253,761)	0	(253,761)
Stock purchased and retired (in shares)							(419,786)
Stock purchased and retired							$ (4,197)	(3,805,999)	0	0	0	(3,810,196)
ESOP Shares released							$ 0	(76,334)	0	0	301,204	224,870
Balance (in shares) at Dec. 31, 2023							13,279,230
Balance at Dec. 31, 2023							$ 132,792	$ 56,149,915	$ 92,177,068	$ (6,464,774)	$ (4,821,798)	$ 137,173,203

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 642,535	$ 6,876,861
Adjustments to reconcile net income to net cash provided by operating activities
Amortization of intangible assets	(56,583)	(229,718)
Provision for (recovery of) credit losses	(125,000)	425,000
Depreciation of premises and equipment	514,983	485,118
Amortization (Accretion) of deferred loan (fees) costs, net	141,459	(147,240)
Amortization of premiums and accretion of discounts on securities, net	30,933	155,525
Deferred income tax benefit expense	(624,390)	503,307
Gain on sale of loans	(29,375)	(86,913)
Proceeds from sale of loans	1,875,125	4,640,081
Origination of loans held for sale	(1,845,750)	(3,400,668)
Increase in cash surrender value of bank owned life insurance	(781,526)	(682,204)
Employee stock ownership plan	224,870	280,792
Stock based compensation	932,772	932,772
Changes in
Accrued interest receivable	33,866	(1,254,046)
Net changes in other assets	(1,150,276)	1,740,149
Net changes in other liabilities	1,653,708	617,367
Net cash provided by operating activities	1,437,351	10,856,183
Cash flows from investing activities
Purchases of securities available for sale	0	(67,461,181)
Purchases of securities held to maturity	(8,701,929)	(25,120,238)
Maturities, calls, and repayments of securities available for sale	15,986,947	14,978,881
Maturities, calls, and repayments of securities held to maturity	13,473,059	21,746,028
Net decrease (increase) in loans	4,205,323	(148,982,268)
Purchase of bank owned life insurance	0	(5,000,000)
Purchases of premises and equipment	(318,035)	(241,474)
Purchase of FHLB stock	(9,493,400)	(8,327,700)
Redemption of FHLB stock	6,368,200	7,688,100
Net cash provided by (used in) investing activities	21,520,165	(210,719,852)
Cash flows from financing activities
Net (decrease) increase in deposits	(76,025,392)	104,037,056
Net (decrease) increase in short-term FHLB advances	(21,500,000)	53,000,000
Proceeds (repayments) of long-term FHLB non-repo advances	86,907,578	(35,650,642)
Net (decrease) increase in advance payments from borrowers for taxes and insurance	(440,952)	318,541
Repurchase of common stock	(3,810,196)	(10,069,154)
Net cash (used in) provided by financing activities	(14,868,962)	111,635,801
Net increase (decrease) in cash and cash equivalents	8,088,554	(88,227,868)
Cash and cash equivalents – beginning of year	16,840,917	105,068,785
Cash and cash equivalents – end of year	24,929,471	16,840,917
Supplemental cash flow information
Income taxes paid	1,375,000	2,225,000
Interest paid	$ 21,640,118	$ 6,896,809

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]	NOTE 1 Nature of Operations and Principles of Consolidation January 15, 2020, two The Bank maintains two December 31, 2023. The Bank generally originates residential, commercial and consumer loans to, and accepts deposits from, customers in New Jersey. The debtors’ ability to repay loans is dependent upon the region’s economy and the borrowers’ circumstances. The Bank is also subject to the regulations of and examinations by certain federal and state regulatory agencies. Bogota Financial Corp. completed its stock offering in connection with the mutual holding company reorganization of Bogota Savings Bank on January 15, 2020. Reclassifications no Earnings per Share: not twelve December 31, 2023 2022 not The following is a reconciliation of the numerators and denominators of the basic earnings per share calculations for the years ended December 31, 2023 2022 For the year ended December 31, 2023 For the year ended December 31, 2022 Net income $ 642,535 $ 6,876,861 Basic earnings per share: Weighted average shares outstanding - basic 12,891,847 13,570,407 Weighted average shares outstanding - diluted 12,891,847 13,576,934 Dilutive securities — 6,527 Basic earnings per share - basic $ 0.05 $ 0.51 Basic earnings per share - diluted $ 0.05 $ 0.51 Use of Estimates Cash Flows 90 Interest-Bearing Deposits in Other Banks 90 Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities (“MBSs”) where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. The Bank's held-to-maturity ("HTM") debt securities are also required to utilize the Current Expected Credit Losses ("CECL") approach to estimate expected credit losses. Substantially all of the Company’s HTM debt securities are issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government, are widely recognized as “risk free,” and have a long history of zero not The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL approach utilized by HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASU No. 2016 13 may no first not not not December 31, 2023, not not Loans Interest income on real estate, commercial and consumer loans is discontinued at the time the loan is 90 90 90 All interest accrued but not Allowance for Credit Losses - Loans and Leases The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses (“ACL”). The Company has designated six The Company has minimal history of credit losses and therefore uses the Weighted Average Remaining Maturity (WARM) method for all segments and relies on the use of qualitative factors to determine future credit losses. The Company considers the impact of current environmental factors at the reporting date that did not not The Company also incorporates a one one The Company establishes a specific reserve for individually evaluated loans which do not A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral consists of various types of real estate including: residential properties; commercial properties, such as retail centers, office buildings, and lodging; agriculture land; and vacant land. The reserve for unfunded commitments (the “Unfunded Reserve”) represents the expected credit losses on off-balance sheet commitments such as unfunded commitments to extend credit and standby letters of credit. However, a liability is not Acquired Loans: not 1 2 3 4 no not Residential First Mortgage Loans first Commercial Real Estate Loans Construction Loans may may no Commercial and Industrial Loans Consumer Loans first Mortgage Loan Sales may December 31, 2023 2022 first The Bank then provides a second first second December 31, 2023 not Premises and Equipment fifteen one ten Federal Home Loan Bank ( “ FHLB ” ) Stock Bank Owned Life Insurance Intangible Assets not four The recoverability of the carrying value of intangible assets is evaluated on an ongoing basis, and permanent declines in value, if any, are charged to expense. Advertising Costs not Off-Balance-Sheet Financial Instruments Income Taxes A tax position is recognized as a benefit only if it is “more likely than not” 50% not not” no December 31, 2023 2022 The Company recognizes interest and/or penalties related to income tax matters in income tax (benefit) expense. Retirement Plans not 401 Stock Based Compensation Comprehensive Income Loss Contingencies Fair Value of Financial Instruments Operating Segments: not not not Derivatives and Hedging Activities: not The Company generally applies hedge accounting to its derivatives used for market risk management purposes. Hedge accounting is permitted only if specific criteria are met, including a requirement that a highly effective relationship exists between the derivative instrument and the hedged item, both at inception of the hedge and on an ongoing basis. Changes in the fair value of effective fair value hedges are recognized in current earnings (with the change in fair value of the hedged asset or liability also recognized in earnings). Changes in the fair value of effective cash flow hedges are recognized in other comprehensive income (loss) until earnings are affected by the variability in cash flows of the designated hedged item. Ineffective portions of hedge results are recognized in current earnings. Changes in the fair value of derivatives for which hedge accounting is not The Company formally documents at inception all relationships between the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transactions. This process includes linking all derivatives that are designated as hedges to specific assets and liabilities, or to specific firm commitments. The Company also formally assesses, both at inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the fair values or cash flows of the hedged items. If it is determined that a derivative is not Certain derivative financial instruments are offered to certain commercial banking customers to manage their risk of exposure and risk management strategies. These derivative instruments consist primarily of currency forward contracts and interest rate swap contracts. The risk associated with these transactions is mitigated by simultaneously entering into similar transactions having essentially offsetting terms with a third third Adoption of Accounting Standards: In June 2016, 2016 13, 326 first December 15, 2022, January 1, 2023, one No 4 326. The Bank adopted the provisions of ASC 326 310 30 not January 1, 2023, $125,775 The Bank adopted the provisions of ASC 326 January 1, 2023 no The effect of the adoption of ASC 326 January 1, 2023 Loan Portfolio Segments: Pre Adoption The effect of adoption Post Adoption Real estate: Residential First Mortgage $ 466,100,627 $ 29,589,213 $ 495,689,840 Commercial and Multi-Family Real Estate 162,338,669 (162,338,669 ) — Commercial Real Estate — 96,030,721 96,030,721 Multi-Family Real Estate — 66,400,713 66,400,713 Construction 61,825,478 — 61,825,478 Commercial and Industrial 1,684,189 — 1,684,189 Consumer: Home Equity and Other Consumer 29,654,973 (29,654,973 ) — Consumer — 98,770 98,770 Total loans 721,603,936 125,775 721,729,711 Allowance for credit losses (2,578,174 ) (282,775 ) (2,860,949 ) Net loans $ 719,025,762 $ (157,000 ) $ 718,868,762 Allowance for Credit Losses: Pre Adoption The effect of adoption Post Adoption Assets ACL on loans Residential First Mortgage $ 1,602,534 $ 211,669 $ 1,814,203 Commercial and Multi-Family Real Estate 615,480 (615,480 ) — Commercial Real Estate — 522,977 522,977 Multi-Family Real Estate — 259,769 259,769 Construction 258,500 1,500 260,000 Commercial and Industrial 3,960 40 4,000 Home Equity and Other Consumer 97,700 (97,700 ) — Liabilities ACL for unfunded commitments — 152,000 152,000 Total $ 2,578,174 $ 434,775 $ 3,012,949 In March 2022, No. 2022 02, "Financial Instruments - Credit Losses (Topic 326 January 1, 2023 not Not In November 2023, 2023 07, 280 December 15, 2023, December 15, 2024. not

Note 2 - Securities Available f

Note 2 - Securities Available for Sale	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	NOTE 2 SECURITIES AVAILABLE FOR SALE The following table summarizes the amortized cost, fair value, and gross unrealized gains and losses of securities available for sale at December 31, 2023 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2023 U.S. government and agency obligations One through five years $ 6,000,000 $ — $ (454,599 ) $ 5,545,401 Corporate bonds due in: Less than one year 3,000,000 — (44,230 ) 2,955,770 One through five years 8,264,973 — (247,937 ) 8,017,036 Five through ten years 1,000,000 — (154,050 ) 845,950 MBS – residential 41,105,143 5,182 (5,703,143 ) 35,407,182 MBS – commercial 18,753,711 — (2,636,871 ) 16,116,840 Total $ 78,123,827 $ 5,182 $ (9,240,830 ) $ 68,888,179 December 31, 2022 U.S. treasury bills Less than one year $ 4,971,310 $ — $ (43,702 ) $ 4,927,608 U.S. government and agency obligations One through five years 6,000,000 — (534,846 ) 5,465,154 Corporate bonds due in: Less than one year 3,022,044 — (37,230 ) 2,984,814 One through five years 12,182,364 554 (585,085 ) 11,597,833 Five through ten years 1,000,000 — (76,600 ) 923,400 MBS – residential 44,879,199 2,146 (5,232,300 ) 39,649,045 MBS – commercial 22,086,788 — (2,534,064 ) 19,552,724 Total $ 94,141,705 $ 2,700 $ (9,043,827 ) $ 85,100,578 All of the MBS are issued by the following government sponsored agencies Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”) and Government National Mortgage Association (“GNMA”). There were no sales of securities during the years ended December 31, 2023 2022 The age of unrealized losses and the fair value of related securities as of December 31, 2023 2022 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023 U.S. government and agency obligations $ — $ - $ 5,545,401 $ ($454,599) $ 5,545,401 $ ($454,599) Corporate bonds 1,999,940 (60 ) 9,818,816 (446,157 ) 11,818,756 (446,217 ) MBS – residential - - 34,829,468 (5,703,143 ) 34,829,468 (5,703,143 ) MBS – commercial - - 16,116,840 (2,636,871 ) 16,116,840 (2,636,871 ) Total $ 1,999,940 $ (60 ) $ 66,310,525 $ (9,240,770 ) $ 68,310,465 $ (9,240,830 ) Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. treasury bills $ 4,927,608 $(43,702 ) $ — $— $ 4,927,608 $ ($43,702) U.S. government and agency obligations 2,758,248 (241,752 ) 2,706,906 (293,094 ) 5,465,154 (534,846 ) Corporate bonds 11,859,089 (392,367 ) 2,647,402 (306,548 ) 14,506,491 (698,915 ) MBS – residential 16,474,573 (1,557,718 ) 22,801,879 (3,674,582 ) 39,276,452 (5,232,300 ) MBS – commercial 9,449,159 (857,122 ) 10,103,565 (1,676,942 ) 19,552,724 (2,534,064 ) Total $ 45,468,677 $(3,092,661 ) $ 38,259,752 $(5,951,166 ) $ 83,728,429 $(9,043,827 ) Unrealized losses on corporate bonds available for sale have not not not not December 31, 2023 At December 31, 2023 2022 Unrealized losses on corporate bonds available for sale are not not not December 31, 2023, 100% not not not not December 31, 2023. December 31, 2023, December 31, 2022 not

Note 3 - Securities Held to Mat

Note 3 - Securities Held to Maturity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities Held for Sale [Text Block]	NOTE 3 SECURITIES HELD TO MATURITY Effective January 1, 2023, 326, not The following table summarizes the amortized cost, fair value, and gross unrecognized gains and losses of securities held to maturity at December 31, 2023 2022 Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2023 U.S. government and agency obligations due in One through five years $ 10,000,000 $ — $ (314,240 ) $ 9,685,760 More than five years through ten years 3,000,000 — (372,885 ) 2,627,115 Corporate Bonds due in: One through five years 6,431,007 — (52,685 ) 6,378,322 Five through ten years 16,294,604 38,684 (2,074,007 ) 14,259,281 Greater than ten years 4,287,941 — (441 ) 4,287,500 Municipal obligations due in: One through five years 901,597 — (55,102 ) 846,495 More than five years through ten years 1,591,199 784 (160,655 ) 1,431,328 Greater than ten years 507,716 — (103,356 ) 404,360 MBS – Residential 12,484,366 7,223 (1,457,104 ) 11,034,485 Commercial 17,157,749 - (2,737,642 ) 14,420,107 $ 72,656,179 $ 46,691 $(7,328,117 ) $ 65,374,753 December 31, 2022 U.S. government and agency obligations due in One through five years $ 10,000,000 $ — $ (456,850 ) $ 9,543,150 Five years through ten years 3,000,000 - (466,866 ) 2,533,134 Corporate Bonds due in: One through five years 2,444,729 1,269 (55,836 ) 2,390,162 Five through ten years 15,825,262 54,738 (1,045,557 ) 14,834,443 Municipal obligations due in: Less than one year 7,706,402 — (36,250 ) 7,670,152 One through five years 902,545 — (84,742 ) 817,803 More than five years through ten years 375,000 1,286 — 376,286 Greater than ten years 1,728,184 — (346,586 ) 1,381,598 MBS – Residential 14,425,827 410 (1,431,861 ) 12,994,376 Commercial 21,019,360 - (2,860,813 ) 18,158,547 $ 77,427,309 $ 57,703 $(6,785,361 ) $ 70,699,651 Mortgage-backed securities include Freddie Mac, Fannie Mae and Ginnie Mae securities, all of which are U.S. government sponsored agencies. There are no December 31, 2023. The age of unrecognized losses and the fair value of related securities were as follows: U.S. government and agency obligations Corporate bonds Municipal obligations MBS – residential MBS – commercial December 31, 2023 Credit Rating AAA/AA/A $ 12,312,875 $ 11,469,219 $ 2,682,183 $ 11,034,485 $ 14,420,107 BBB/BB/B — 4,999,038 — — — Lower than B — — — — — Not Rated — 8,456,846 — — — Total $ 12,312,875 $ 24,925,103 $ 2,682,183 $ 11,034,485 $ 14,420,107 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. government and agency obligations $ 9,543,150 $ (456,850 ) $ 2,533,134 $ (466,866 ) $ 12,076,284 $ (923,716 ) Corporate bonds 11,464,282 (680,447 ) 3,329,054 (420,946 ) 14,793,336 (1,101,393 ) Municipal obligations 7,670,152 (36,250 ) 2,199,401 (431,328 ) 9,869,553 (467,578 ) MBS – residential 2,008,303 (101,341 ) 10,809,648 (1,330,520 ) 12,817,951 (1,431,861 ) MBS – commercial 7,383,822 (282,984 ) 10,774,725 (2,577,829 ) 18,158,547 (2,860,813 ) Total $ 38,069,709 $ (1,557,872 ) $ 29,645,962 $ (5,227,489 ) $ 67,715,671 $ (6,785,361 ) No not not not not 55 December 31, 2023 At December 31, 2023 2022 9 At December 31, 2023 2022

Note 4 - Loans

Note 4 - Loans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Financing Receivables [Text Block]	NOTE 4 LOANS In conjunction with the adoption of ASC 326, December 31, 2023 December 31, 2022: Pre Adoption Post Adoption December 31, December 31, The effect of December 31, 2023 2022 adoption 2022 Real estate: Residential First Mortgage $ 486,052,422 $ 466,100,627 $ 29,589,213 $ 495,689,840 Commercial and Multi-Family Real Estate - 162,338,669 (162,338,669 ) - Commercial Real Estate 99,830,514 - 96,030,721 96,030,721 Multi-Family Real Estate 75,612,566 - 66,400,713 66,400,713 Construction 49,302,040 61,825,478 - 61,825,478 Commercial & Industrial 6,658,370 1,684,189 - 1,684,189 Consumer: Home equity and other - 29,654,973 (29,654,973 ) - Consumer 18,672 - 98,770 98,770 Total loans 717,474,584 721,603,936 125,775 721,729,711 Allowance for credit losses (2,785,949 ) (2,578,174 ) (282,775 ) (2,860,949 ) Net loans $ 714,688,635 $ 719,025,762 $ ($157,000) $ 718,868,762 The Bank has granted loans to executive officers and directors of the Bank. At December 31, 2023 2022 2023 2022 Outstanding, January 1, $ 1,739,725 $ 577,143 New loans - 1,317,500 Loan repayments (129,037 ) (154,918 ) Outstanding, December 31, 1,610,688 1,739,725 At December 31, 2023, The following table presents the activity in the allowance for credit losses by portfolio segments for the years ended December 31, 2023 2022 Residential First Mortgage Commercial Real Estate Multi-Family Real Estate Construction Commercial & Industrial Consumer Total December 31, 2023 Allowance for credit losses: Beginning balance $ 1,602,534 $ 381,180 $ 234,300 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 Impact of ASC 326 adoption 113,969 141,797 25,469 1,500 40 — 282,775 Provision for loan losses (recovery) 135,466 (85,797 ) 57,531 (102,500 ) 18,000 (97,700 ) (75,000 ) Loans charged-off — — — — — — — Recoveries — — — — — — — Total ending allowance balance $ 1,851,969 $ 437,180 $ 317,300 $ 157,500 $ 22,000 $ — $ 2,785,949 Residential First Mortgage Commercial & Multi- Family Real Estate Construction Commercial & Industrial Home Equity & Other Total December 31, 2022 Allowance for loan losses: Beginning balance $ 1,092,474 $ 768,600 $ 195,000 $ 9,400 $ 87,700 $ 2,153,174 Provision for loan losses (credit) 510,060 (153,120 ) 63,500 (5,440 ) 10,000 425,000 Loans charged-off — — — — — — Recoveries — — — — — — Total ending allowance balance $ 1,602,534 $ 615,480 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 The provision fluctuations during the years ended December 31, 2023 2022 December 31, 2022: Residential First Mortgage Commercial & Multi- Family Real Estate Construction Commercial & Industrial Home Equity & Other Total December 31, 2022 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 33,000 $ — $ — $ — $ — $ 33,000 Collectively evaluated for impairment 1,569,534 615,480 258,500 3,960 97,700 2,545,174 Total ending allowance balance $ 1,602,534 $ 615,480 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 Loans: Loans individually evaluated for impairment $ 819,590 $ — $ — $ 37,069 $ 856,659 Loans collectively evaluated for impairment 462,439,940 160,990,186 61,825,478 1,684,189 29,586,787 716,526,580 Loans acquired with deteriorated credit quality 2,841,097 1,348,483 — — 31,117 4,220,697 Total ending loans balance $ 466,100,627 $ 162,338,669 $ 61,825,478 $ 1,684,189 $ 29,654,973 $ 721,603,936 Collateral - dependent loans individually evaluated with the ACL by collateral type were as follows at December 31, 2023: Portfolio segment Real estate Other Residential First Mortgage $ 1,432,072 $ — Commercial Real Estate 450,392 — Multi-Family Real Estate — — Construction 10,893,713 — Commercial and Industrial — — Other Consumer — — $ 12,776,177 $ — Impaired loans as of and for the year ended December 31, 2022 Loans With no related allowance recorded Loans with an allowance recorded Average Of individually Impaired loans Amount of allowance for loan losses allocated Residential first mortgages $ 1,199,278 $ 171,616 $ 1,300,615 $ 33,000 Commercial and Multi-Family 488,222 — 488,196 — Construction — — — — Commercial & Industrial — — — — Home equity & other consumer 37,069 — 26,298 — $ 1,724,569 $ 171,616 $ 1,815,109 $ 33,000 Interest income recognized during impairment and cash-basis interest income recognized in both 2023 2022 Nonaccrual loans and loans past due 90 No nonaccrual loans had specific reserves as of December 31, 2023 December 31, 2023 December 31, 2022. Nonaccrual loans beginning of period Nonaccrual loans end of period Nonaccrual with no Allowance for Credit Loss Loans Past Due 90 Days or More Still Accruing Interest recognized on nonaccrual loans December 31, 2023 Residential First Mortgage $ 819,590 $ 1,432,072 $ 1,432,072 $ — $ — Commercial Real Estate 450,392 450,392 Construction — 10,893,713 10,893,713 — — Consumer 37,069 — — — — Total $ 856,659 $ 12,776,177 $ 12,776,177 $ — $ — The following table presents the recorded investment in nonaccrual and loans past due 90 December 31, 2022: Nonaccrual Loans Past Due 90 Days or More Still Accruing December 31, 2022 Residential first mortgage $ 819,590 $ — Commercial and multi-family — — Construction — — Commercial & Industrial — — Home equity and other consumer 37,069 — Total $ 856,659 $ — The following table presents the aging of the recorded investment in past due loans as of December 31, 2023 2022 30 – 59 Days Past Due 60 – 89 Days Past Due Greater than 89 Days Past Due Total Past Due Loans Not Past Due Total December 31, 2023 Residential first mortgage $ — $ 297,118 $ 964,806 $ 1,261,924 $ 484,790,498 $ 486,052,422 Commercial real estate — — 450,392 450,392 99,380,122 99,830,514 Multi-Family real estate — — — — 75,612,566 75,612,566 Construction — — 10,893,713 10,893,713 38,408,327 49,302,040 Commercial & Industrial — — — — 6,658,370 6,658,370 Consumer - — — - 18,672 18,672 Total $ — $ 297,118 $ 12,308,911 $ 12,606,029 $ 704,868,555 $ 717,474,584 30 – 59 Days Past Due 60 – 89 Days Past Due Greater than 89 Days Past Due Total Past Due Loans Not Past Due PCI loans Total December 31, 2022 Residential first mortgage $ — $ 360,849 $ 279,515 $ 640,364 $ 462,619,166 $ 2,841,097 $ 466,100,627 Commercial and Multi-Family — — — — 160,990,186 1,348,483 162,338,669 Construction — — — — 61,825,478 — 61,825,478 Commercial & Industrial — — — — 1,684,189 — 1,684,189 Home equity and other consumer 92,977 — 19,122 112,099 29,511,757 31,117 29,654,973 Total $ 92,977 $ 360,849 $ 298,637 $ 752,463 $ 716,630,776 $ 4,220,697 $ 721,603,936 Loans greater than 89 Credit Quality Indicators The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. Commercial real estate, commercial and industrial and construction loans are graded on an annual basis. Residential real estate and consumer loans are primarily evaluated based on performance. Refer to the table on the prior page for the aging of the recorded investment of these loan segments. The Bank uses the following definitions for risk ratings: Special Mention may Substandard not Doubtful Loans not Based on the most recent analysis performed, the risk category of loans by class is as follows: Term Loans by Origination Year Balance at December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Totals Residential First Mortgage Pass $ 5,174,879 $ 111,903,094 $ 37,747,971 $ 28,952,299 $ 26,155,892 $ 114,830,194 $ 159,976,218 $ 484,740,547 Special Mention — — — 191,276 169,343 389,565 107,538 857,722 Substandard — — — — — 169,131 285,022 454,153 Doubtful — — — — — — — — Total 5,174,879 111,903,094 37,747,971 29,143,575 26,325,235 115,388,890 160,368,778 486,052,422 Gross charge-offs by vintage — — — — — — — — Commercial Real Estate Pass — 3,065,843 — 6,893,352 5,501,995 11,722,774 72,196,158 99,380,122 Special Mention — — — — — — — — Substandard — — — — — — 450,392 450,392 Doubtful — — — — — — — — Total — 3,065,843 — 6,893,352 5,501,995 11,722,774 72,646,550 99,830,514 Gross charge-offs by vintage — — — — — — — — Multi-Family Real Estate Pass — 2,362,920 — 1,162,353 — 2,117,462 69,969,831 75,612,566 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total — 2,362,920 — 1,162,353 — 2,117,462 69,969,831 75,612,566 Gross charge-offs by vintage — — — — — — — — Construction Pass — — — — — — 38,459,962 38,459,962 Special Mention — — — — — — — — Substandard — — — — — — 10,842,078 10,842,078 Doubtful — — — — — — — — Total — — — — — — 49,302,040 49,302,040 Gross charge-offs by vintage — — — — — — — — Commercial and Industrial Pass 241,109 — — 576,164 94,204 — 5,746,893 6,658,370 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 241,109 — — 576,164 94,204 — 5,746,893 6,658,370 Gross charge-offs by vintage — — — — — — — — Consumer Pass — — — — — — 18,672 18,672 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total — — — — — — 18,672 18,672 Total loans $ 5,415,988 $ 117,331,857 $ 37,747,971 $ 37,775,444 $ 31,921,434 $ 129,229,126 $ 358,052,764 $ 717,474,584 Pass Special Mention Substandard Totals December 31, 2022 Residential first mortgage $ 465,089,495 $ 555,965 $ 455,167 $ 466,100,627 Commercial and Multi-Family 162,338,669 — — 162,338,669 Construction 61,825,478 — — 61,825,478 Commercial & Industrial 1,684,189 — — 1,684,189 Home equity and other consumer 29,617,904 19,122 17,947 29,654,973 Total $ 720,555,735 $ 575,087 $ 473,114 $ 721,603,936

Note 5 - Premises and Equipment

Note 5 - Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5 PREMISES AND EQUIPMENT Premises and equipment consists of the following at December 31: 2023 2022 Land $ 2,402,995 $ 2,402,995 Buildings and improvements 6,962,864 6,834,508 Furniture, fixtures and equipment 3,698,532 3,508,853 13,064,391 12,746,356 Accumulated depreciation (5,377,004 ) (4,862,021 ) $ 7,687,387 $ 7,884,335 Depreciation expense was $514,983 and $485,118 for the years ended December 31, 2023 2022

Note 6 - Intangible Assets

Note 6 - Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	NOTE 6 INTANGIBLE ASSETS Core deposit intangible carrying amounts were $206,116 for the year ended December 31, 2023 December 31, 2023 Core deposit intangible assets are amortized to their estimated residual values over their expected useful lives, commonly ten December 31, 2023 2024 $ 53,223 2025 45,289 2026 37,355 2027 29,421 2028 21,489 Thereafter 19,339 $ 206,116

Note 7 - Deposits

Note 7 - Deposits	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	NOTE 7 DEPOSITS The aggregate amount of certificates of deposit with a minimum denomination of $250,000 December 31, 2023 2022 Officers and directors of the Bank have deposits at the Bank. At December 31, 2023 2022 The Bank had $53,300,000 and $58,600,000 of brokered deposits as of December 31, 2023 2022 The scheduled maturities of certificates of deposits at December 31, 2023 2024 $ 430,847,483 2025 49,377,623 2026 5,524,308 2027 5,687,138 2028 1,838,215 $ 493,274,767

Note 8 - Advances From the Fede

Note 8 - Advances From the Federal Home Loans Bank ("FHLB") of New York	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Federal Home Loan Bank, Advances [Text Block]	NOTE 8 ADVANCES FROM THE FEDERAL HOME LOAN BANK ( FHLB ) OF NEW YORK There were short-term advances as of December 31, 2023 one December 31, 2022 one Long-term advances at December 31 Weighted Average Rate at December 31, 2023 2023 2022 Amortizing: Maturing in: 2023 — $ — $ 3,101,059 2024 2.58 % 5,496,642 3,124,634 2025 2.91 % 4,847,744 2,354,973 2026 4.12 % 3,297,983 678,275 2027 4.98 % 2,753,137 - 2028 5.05 % 2,271,012 - 3.59 % $ 18,666,518 $ 9,258,941 Non-repo advances Maturing in: 2023 — $ — $ 23,037,169 2024 3.92 % 16,019,838 6,019,839 2025 4.31 % 54,003,307 5,003,306 2026 4.57 % 41,500,000 - 4.35 % $ 111,523,145 $ 34,060,314 At December 31, 2023 2022 may Non-repo and amortizing advances are secured by the FHLB stock owned by the Bank, and a blanket assignment of qualifying loans at December 31, 2023 2022 The Bank had available additional borrowing capacity of $140,398,000 and $235,221,958, with the FHLB as of December 31, 2023 2022 four December 31, 2023 2022 December 31, 2023 2022 Payments over the next five : 2024 $ 59,016,480 2025 58,851,051 2026 44,797,983 2027 2,753,137 2028 2,271,012 $ 167,689,663

Note 9 - Income Taxes

Note 9 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9 INCOME TAXES Income tax (benefit) expense was as follows: 2023 2022 Current expense Federal $ 379,021 $ 1,407,387 State 83,212 847,337 462,233 2,254,724 Deferred (benefit) expense Federal (411,463 ) 240,502 State (212,927 ) 119,319 (624,390 ) 359,821 Total income (benefit) expense $ (162,157 ) $ 2,614,545 Total income tax (benefit) expense differed from the amounts computed by applying the federal income tax rate of 21% to income before income taxes as a result of the following for the years ended December 31: 2023 2022 Expected income tax expense at federal tax rate $ 100,879 $ 1,993,195 Increase (decrease) in taxes resulting from: State income tax, net of federal income tax effect (102,475 ) 763,658 Bank Owned Life Insurance (164,120 ) (145,929 ) Tax exempt interest, net (16,441 ) (33,849 ) Other, net 20,000 37,470 $ (162,157 ) $ 2,614,545 Year-end deferred tax assets and liabilities were due to the following: 2023 2022 Deferred tax assets: Allowance for credit losses $ 811,803 $ 724,725 Deferred compensation 928,427 945,753 Fraud claim 121,713 - Nonaccrual interest 351,211 - ESOP plans 90,188 51,766 Stock equity plans 263,451 125,195 Accrued severance plan 271,587 - Federal NOL carryforward 345,571 378,777 Depreciation 72,227 66,854 Charitable foundation contribution 312,949 425,092 Net unrealized loss on securities available for sale 2,596,141 2,541,461 Other - 48,186 6,165,268 5,307,809 Deferred tax liabilities: Loan fees/costs 1,120,945 1,108,540 Directors’ and officers’ retirement plans 996 21,772 Purchase accounting 294,064 242,887 Cash flow hedges 67,326 91,094 Other 27,947 - 1,511,278 1,464,293 Net deferred tax asset $ 4,653,990 $ 3,843,516 Included in retained earnings at December 31, 2023 2022 no December 31, 2023 2022 not twelve December 31, 2023 2022 no 2020 2019,

Note 10 - Stock Based Compensat

Note 10 - Stock Based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	NOTE 10 STOCK BASED COMPENSATION The Company maintains the Bogota Financial Corp. 2021 "2021 On September 2, 2021, 2021 five one twelve December 31, 2023 December 31, 2022, December 31, 2023 The following is a summary of the Company's restricted stock activity during the twelve December 31, 2023 Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding, January 1, 2023 181,215 $ 10.45 Granted - - Vested 45,304 10.45 Forfeited - - Outstanding, December 31, 2023 135,911 $ 10.45 On September 2, 2022, 2021 five one Management recognizes expense for the fair value of these awards on a straight-line basis over the requisite service period. During the twelve December 31, 2023 December 31, 2022 December 31, 2023 The following is a summary of the Company's option activity during the twelve December 31, 2023 Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding, January 1, 2023 523,619 $ 10.45 6.5 $ — Granted - Forfeited - Outstanding, December 31, 2023 523,619 10.45 6.5 - Options exercisable at December 31, 2023 209,448 $ — The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value, the difference between the Company's closing stock price on the last trading day of the period and the exercise price, multiplied by the number of in-the-money options.

Note 11 - Derivatives and Hedgi

Note 11 - Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	NOTE 11 DERIVATIVES AND HEDGING ACTIVITES Interest Rate Swaps December 31, 2023 December 31, 2022 one December 31, 2023 December 31, 2022, no The table below presents the fair value of the Company’s derivative financial instruments as well as their classification in the Consolidated Statements of Financial Condition at December 31, 2023 December 31, 2023 Asset Derivative Consolidated Statements of Financial Condition Fair Value Interest rate swaps Other Assets $ 239,510 Total derivative instruments $ 239,510 For the twelve December 31, 2023 third December 31, 2023 not

Note 12 - Benefit Plans

Note 12 - Benefit Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	NOTE 12 BENEFIT PLANS 401 401 first may December 31, 2023 2022 Directors ’ Retirement Plan three not The measurement dates used in the Plan valuations were December 31 2023 2022 December 31, 2023 2022 2023 2022 Projected benefit obligation - beginning $ 2,318,336 $ 2,430,095 Service cost 52,005 136,145 Interest cost 109,410 69,830 Actuarial gain (12,950 ) (154,613 ) Annuity payments (191,992 ) (163,121 ) Projected benefit obligation – ending 2,274,809 2,318,336 Changes in Plan assets Employer contributions 191,992 163,121 Annuity payments (191,992 ) (163,121 ) Funded status and accrued pension cost included in other liabilities $ 2,274,809 $ 2,318,336 Amounts recognized in accumulated other comprehensive income at December 31 2023 2022 Net actuarial gain (loss) $ 2,236 $ (65,412 ) Prior service cost 1,682 82,538 $ 3,918 $ 17,126 Components of net periodic benefit cost and other amounts recognized in other comprehensive income: 2023 2022 Service cost $ 52,005 $ 136,145 Interest cost 109,410 69,830 Amortization of prior service cost 259 130,821 Net periodic benefit cost 161,674 336,796 Net loss (gain) 2,236 (154,613 ) Amortization of prior service cost (259 ) (130,821 ) Total recognized in other comprehensive income (loss) 1,977 (285,434 ) Total recognized in net periodic benefit cost and other comprehensive loss $ 163,651 $ 51,362 Assumptions Weighted-average assumptions used to determine pension benefit obligations at year end: 2023 2022 Discount rate 4.80 % 5.00 % Weighted-average assumptions used to determine net periodic pension cost: 2023 2022 Discount rate 4.80 % 2.90 % Amortization period (years) 9.49 5.8 The Monthly Retirement Benefit was changed from 100% of a director's average annual retainer paid over a three not three no For the year ended December 31, 2024 The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid as of year ending December 31: 2024 $ 200,222 2025 290,760 2026 259,119 2027 236,518 2028 236,518 2029-2030 473,036 Employee Stock Ownership Plan ( “ ESOP ” ): January 2020, twenty January 2039. December 31, 2023 Each year, the Bank makes discretionary contributions to the ESOP, which are equal to principal and interest payments required on the term loan. Shares purchased with the loan proceeds were initially pledged as collateral for the term loan and are held in a suspense account for future allocation among participants. Contributions to the ESOP and shares released from the suspense account are allocated among the participants on the basis of compensation, as described by the ESOP, in the year of allocation. The ESOP shares pledged as collateral are reported as unearned ESOP shares in the Consolidated Statements of Financial Condition. As shares are committed to be released from collateral, the Bank reports compensation expense equal to the average market price of the shares during the year, and the shares become outstanding for basic net income per common share computations. ESOP compensation expense for the year ended December 31, 2023 2022 The ESOP shares were as follows: 2023 2022 Allocated shares 106,024 79,280 Unearned shares 409,751 436,495 Total ESOP shares 515,775 515,775 Fair value of unearned ESOP shares $ 3,321,570 $ 4,880,014 Supplemental Executive Retirement Plan ( “ SERP ” ) 2014, May 20, 2016, January 1, 2016. As of December 31, 2023 2023 December 31, 2023 December 31, 2022 2022 December 31, 2022

Note 13 - Regulatory Capital Ma

Note 13 - Regulatory Capital Matters	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	NOTE 13 REGULATORY CAPITAL MATTERS Banks are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance-sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. A capital conservation buffer of 2.5%, which was fully phased on January 1, 2019 CET1; 1 not Prompt corrective action regulations provide five not 2021 2020, In accordance with the Economic Growth, Regulatory Relief, and Consumer Protection Act, the federal banking agencies adopted, effective January 1, 2020, $10 9% 9% The agencies reserved the authority to disallow the use of the CBLR framework by a financial institution or holding company, based on the risk profile of the organization. The Bank elected to adopt the CBLR framework. As a qualifying community banking organization, the Company and the Bank may The Bank excludes accumulated OCI components from Tier 1 The Bank’s actual and required capital amounts and ratios under the CBLR rules at December 31, 2023 2022 Actual Capital Required For Capital Adequacy Purposes Amount Ratio Amount Ratio 2023 Tier 1 capital to average assets: Bank 130,625 13.96 74,864 8.0 2022 Tier 1 capital to average assets: Bank 129,264 13.44 71,193 8.0

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 14 COMMITMENTS AND CONTINGENCIES The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers and to reduce its own exposure to fluctuations in interest rates. These financial instruments primarily include commitments to extend credit. Such instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The contractual amounts of these instruments reflect the extent of involvement the Bank has in those particular classes of financial instruments. The Bank’s exposure to credit loss in the event of non-performance by the other party to the financial instruments for commitments to extend credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The Bank had outstanding firm commitments, all of which expire within two December 31, 2023 2022 2023 2022 Fixed Rate Residential mortgage loans $ — $ 650,000 Commercial & Industrial — 500,000 Home equity line of credit — 85,000 $ — $ 1,235,000 Variable Rate Residential mortgage loans $ 2,664,450 $ 1,822,807 Construction loans 16,780,124 32,935,531 Home equity loans 1,173,000 510,000 Commercial real estate 730,000 — $ 21,347,574 $ 35,268,338 Commitments to make loans are generally made for periods of 90 days or less. At December 31, 2023 2022 December 31, 2023 2022 Commitments to extend credit are agreements to lend to a customer as long as there is no may not 2023 2022

Note 15 - Fair Value

Note 15 - Fair Value	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 15 FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three may Level 1 Level 2 1 not Level 3 The Bank used the following methods and significant assumptions to estimate the fair value of each type of financial instrument: The fair value for investment securities are determined by quoted market prices, if available (Level 1 not 2 Assets measured at fair value on a recurring basis are summarized below: Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2023 Securities available for sale: U.S. government and agency obligations $ 5,545,401 $ — $ 5,545,401 $ — Corporate bonds 11,818,756 — 11,818,756 — MBS – residential 35,407,182 — 35,407,182 — MBS – commercial 16,116,840 — 16,116,840 — Cash flow hedge 239,510 239,510 $ 69,127,689 $ — $ 69,127,689 $ — December 31, 2022 Securities available for sale: U.S. treasury bills $ 4,927,608 $ 4,927,608 $ — $ — U.S. government and agency obligations 5,465,154 — 5,465,154 — Corporate bonds 15,506,047 — 15,506,047 — MBS – residential 39,649,045 — 39,649,045 — MBS – commercial 19,552,724 — 19,552,724 — Cash flow hedge 324,062 324,062 $ 85,424,640 $ 4,927,608 $ 80,497,032 $ — No December 31, 2023 2022 The carrying amounts and estimated fair values of financial instruments, at December 31, 2023 2022 Carrying Fair Fair Value Measurement Placement Amount Value (Level 1) (Level 2) (Level 3) (In thousands) December 31, 2023 Financial instruments -assets Investment securities held-to-maturity $ 72,656 $ 65,375 $ — $ 65,375 $ — Loans 714,687 672,347 — — 672,347 Financial instruments - liabilities Certificates of deposit 493,275 491,944 — 491,944 — Borrowings 167,690 167,891 — 167,891 — December 31, 2022 Financial instruments - assets Investment securities held-to-maturity $ 77,427 $ 70,700 $ — $ 70,700 $ — Loans 719,026 658,250 — — 658,250 Financial instruments - liabilities Certificates of deposit 492,593 491,638 — 491,638 — Borrowings 102,319 98,885 — 98,885 — Carrying amount is the estimated fair value for cash and cash equivalents. The fair value of loans is determined using an exit price methodology. Certificates of deposits fair value is estimated by using a discounted cash flow approach. Fair value of FHLB advances is based on current rates for similar financing. Other balance sheet instruments such as cash and cash equivalents, accrued interest receivable, accrued interest payable and Bank owned life insurance holding costs approximate fair value. The fair value of off-balance sheet items is not

Note 16 - Accumulated Other Com

Note 16 - Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 16 ACCUMULATED OTHER COMPREHENSIVE LOSS The components of accumulated other comprehensive loss included in equity as of December 31 Year ended December 31, 2023 Unrealized gain (loss) in investments Derivatives Defined benefit plan Total Beginning balance $ (6,499,666 ) $ 232,969 $ 55,684 $ (6,211,013 ) Other comprehensive loss before reclassification (139,840 ) (60,786 ) (53,135 ) (253,761 ) Amounts reclassified from other comprehensive loss - - - - Net current period other comprehensive loss (139,840 ) (60,786 ) (53,135 ) (253,761 ) Ending balance $ (6,639,506 ) $ 172,183 $ 2,549 $ (6,464,774 ) Year ended December 31, 2022 Unrealized gain (loss) in investments Derivatives Defined benefit plan Total Beginning balance $ 17,158 $ — $ (289,814 ) $ (272,656 ) Other comprehensive (loss) income before reclassification (6,516,824 ) 232,969 179,142 (6,104,713 ) Amounts reclassified from other comprehensive (loss) income - - 166,356 166,356 Net current period other comprehensive (loss) income (6,516,824 ) 232,969 345,498 (5,938,357 ) Ending balance $ (6,499,666 ) $ 232,969 $ 55,684 $ (6,211,013 ) Details about accumulated other comprehensive loss components Year ended December 31, 2023 Year ended December 31, 2022 Realized gains on sales of securities $ — $ — — — $ — $ — Amortization of estimated defined benefit pension plan losses $ 94,315 $ 231,403 other expense (26,512 ) (65,047 ) provision for income taxes $ 67,803 $ 166,356 Total reclassifications for the period $ 67,803 $ 166,356

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		9B. Other Information During the three December 31, 2023, none 10b5 1 10b5 1 Employment Agreement with Kevin Pace. March 27, 2024, December 31, 2025. January 1, 2025, January 1 one two no 30 not 30 Pursuant to the employment agreement, Mr. Pace will receive an annual base salary of $380,000, may not not 10% may The Bank may may 24 24 60 1985, 18 not If a qualifying termination event occurs on or after a change in control of the Bank or the Company, Mr. Pace would be entitled to (in lieu of the payments and benefits described in the previous paragraph) a severance payment equal to two 1 2 two two 30 18 If Mr. Pace’s employment is terminated due to his voluntary resignation without good reason, termination for cause, death or disability, the employment agreement will immediately terminate, and the Bank would have no Upon termination of employment (other than a termination in connection with a change in control), Mr. Pace will be required to adhere to one The non-competition and non-solicitation covenants apply following a change in control for a period mutually to be agreed to by the parties, which will be no six two 280G 4999 1986, 280G The foregoing description of the employment agreement does not 10.2 10 9B.
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Nature of Operations and Principles of Consolidation January 15, 2020, two The Bank maintains two December 31, 2023. The Bank generally originates residential, commercial and consumer loans to, and accepts deposits from, customers in New Jersey. The debtors’ ability to repay loans is dependent upon the region’s economy and the borrowers’ circumstances. The Bank is also subject to the regulations of and examinations by certain federal and state regulatory agencies. Bogota Financial Corp. completed its stock offering in connection with the mutual holding company reorganization of Bogota Savings Bank on January 15, 2020.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications no
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share: not twelve December 31, 2023 2022 not The following is a reconciliation of the numerators and denominators of the basic earnings per share calculations for the years ended December 31, 2023 2022 For the year ended December 31, 2023 For the year ended December 31, 2022 Net income $ 642,535 $ 6,876,861 Basic earnings per share: Weighted average shares outstanding - basic 12,891,847 13,570,407 Weighted average shares outstanding - diluted 12,891,847 13,576,934 Dilutive securities — 6,527 Basic earnings per share - basic $ 0.05 $ 0.51 Basic earnings per share - diluted $ 0.05 $ 0.51
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Flows 90
Interest Bearing Deposits In Other Banks Policy [Policy Text Block]	Interest-Bearing Deposits in Other Banks 90
Investment, Policy [Policy Text Block]	Securities Interest income includes amortization of purchase premium or discount. Premiums and discounts on securities are amortized on the level-yield method without anticipating prepayments, except for mortgage-backed securities (“MBSs”) where prepayments are anticipated. Gains and losses on sales are recorded on the trade date and determined using the specific identification method. The Bank's held-to-maturity ("HTM") debt securities are also required to utilize the Current Expected Credit Losses ("CECL") approach to estimate expected credit losses. Substantially all of the Company’s HTM debt securities are issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government, are widely recognized as “risk free,” and have a long history of zero not The impairment model for available-for-sale (“AFS”) debt securities differs from the CECL approach utilized by HTM debt securities because AFS debt securities are measured at fair value rather than amortized cost. Although ASU No. 2016 13 may no first not not not December 31, 2023, not not
Financing Receivable [Policy Text Block]	Loans Interest income on real estate, commercial and consumer loans is discontinued at the time the loan is 90 90 90 All interest accrued but not
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Credit Losses - Loans and Leases The estimate of expected credit losses is based on relevant information about past events, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amounts. Historical loss experience is generally the starting point for estimating expected credit losses. The Company then considers whether the historical loss experience should be adjusted for asset-specific risk characteristics or current conditions at the reporting date that did not Portfolio segment is defined as the level at which an entity develops and documents a systematic methodology to determine its allowance for credit losses (“ACL”). The Company has designated six The Company has minimal history of credit losses and therefore uses the Weighted Average Remaining Maturity (WARM) method for all segments and relies on the use of qualitative factors to determine future credit losses. The Company considers the impact of current environmental factors at the reporting date that did not not The Company also incorporates a one one The Company establishes a specific reserve for individually evaluated loans which do not A financial asset is considered collateral-dependent when the debtor is experiencing financial difficulty and repayment is expected to be provided substantially through the sale or operation of the collateral. For all classes of loans deemed collateral-dependent, the Company elected the practical expedient to estimate expected credit losses based on the collateral’s fair value less cost to sell. In most cases, the Company records a partial charge-off to reduce the loan’s carrying value to the collateral’s fair value less cost to sell. Substantially all of the collateral consists of various types of real estate including: residential properties; commercial properties, such as retail centers, office buildings, and lodging; agriculture land; and vacant land. The reserve for unfunded commitments (the “Unfunded Reserve”) represents the expected credit losses on off-balance sheet commitments such as unfunded commitments to extend credit and standby letters of credit. However, a liability is not
Acquired Financing Receivables [Policy Text Block]	Acquired Loans: not 1 2 3 4 no not Residential First Mortgage Loans first Commercial Real Estate Loans Construction Loans may may no Commercial and Industrial Loans Consumer Loans first
Financing Receivable, Held-for-Sale [Policy Text Block]	Mortgage Loan Sales may December 31, 2023 2022 first The Bank then provides a second first second December 31, 2023 not
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment fifteen one ten
Federal Home Loan Bank Stock Policy [Policy Text Block]	Federal Home Loan Bank ( “ FHLB ” ) Stock
Bank Owned Life Insurance Policy [Policy Text Block]	Bank Owned Life Insurance
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets not four The recoverability of the carrying value of intangible assets is evaluated on an ongoing basis, and permanent declines in value, if any, are charged to expense.
Advertising Cost [Policy Text Block]	Advertising Costs not
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance-Sheet Financial Instruments
Income Tax, Policy [Policy Text Block]	Income Taxes A tax position is recognized as a benefit only if it is “more likely than not” 50% not not” no December 31, 2023 2022 The Company recognizes interest and/or penalties related to income tax matters in income tax (benefit) expense.
Pension and Other Postretirement Plans, Policy [Policy Text Block]	Retirement Plans not 401
Share-Based Payment Arrangement [Policy Text Block]	Stock Based Compensation
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income
Commitments and Contingencies, Policy [Policy Text Block]	Loss Contingencies
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments
Segment Reporting, Policy [Policy Text Block]	Operating Segments: not not not
Derivatives, Policy [Policy Text Block]	Derivatives and Hedging Activities: not The Company generally applies hedge accounting to its derivatives used for market risk management purposes. Hedge accounting is permitted only if specific criteria are met, including a requirement that a highly effective relationship exists between the derivative instrument and the hedged item, both at inception of the hedge and on an ongoing basis. Changes in the fair value of effective fair value hedges are recognized in current earnings (with the change in fair value of the hedged asset or liability also recognized in earnings). Changes in the fair value of effective cash flow hedges are recognized in other comprehensive income (loss) until earnings are affected by the variability in cash flows of the designated hedged item. Ineffective portions of hedge results are recognized in current earnings. Changes in the fair value of derivatives for which hedge accounting is not The Company formally documents at inception all relationships between the derivative instruments and the hedged items, as well as its risk management objectives and strategies for undertaking the hedge transactions. This process includes linking all derivatives that are designated as hedges to specific assets and liabilities, or to specific firm commitments. The Company also formally assesses, both at inception of the hedge and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in the fair values or cash flows of the hedged items. If it is determined that a derivative is not Certain derivative financial instruments are offered to certain commercial banking customers to manage their risk of exposure and risk management strategies. These derivative instruments consist primarily of currency forward contracts and interest rate swap contracts. The risk associated with these transactions is mitigated by simultaneously entering into similar transactions having essentially offsetting terms with a third third
New Accounting Pronouncements, Policy [Policy Text Block]	Adoption of Accounting Standards: In June 2016, 2016 13, 326 first December 15, 2022, January 1, 2023, one No 4 326. The Bank adopted the provisions of ASC 326 310 30 not January 1, 2023, $125,775 The Bank adopted the provisions of ASC 326 January 1, 2023 no The effect of the adoption of ASC 326 January 1, 2023 Loan Portfolio Segments: Pre Adoption The effect of adoption Post Adoption Real estate: Residential First Mortgage $ 466,100,627 $ 29,589,213 $ 495,689,840 Commercial and Multi-Family Real Estate 162,338,669 (162,338,669 ) — Commercial Real Estate — 96,030,721 96,030,721 Multi-Family Real Estate — 66,400,713 66,400,713 Construction 61,825,478 — 61,825,478 Commercial and Industrial 1,684,189 — 1,684,189 Consumer: Home Equity and Other Consumer 29,654,973 (29,654,973 ) — Consumer — 98,770 98,770 Total loans 721,603,936 125,775 721,729,711 Allowance for credit losses (2,578,174 ) (282,775 ) (2,860,949 ) Net loans $ 719,025,762 $ (157,000 ) $ 718,868,762 Allowance for Credit Losses: Pre Adoption The effect of adoption Post Adoption Assets ACL on loans Residential First Mortgage $ 1,602,534 $ 211,669 $ 1,814,203 Commercial and Multi-Family Real Estate 615,480 (615,480 ) — Commercial Real Estate — 522,977 522,977 Multi-Family Real Estate — 259,769 259,769 Construction 258,500 1,500 260,000 Commercial and Industrial 3,960 40 4,000 Home Equity and Other Consumer 97,700 (97,700 ) — Liabilities ACL for unfunded commitments — 152,000 152,000 Total $ 2,578,174 $ 434,775 $ 3,012,949 In March 2022, No. 2022 02, "Financial Instruments - Credit Losses (Topic 326 January 1, 2023 not Not In November 2023, 2023 07, 280 December 15, 2023, December 15, 2024. not

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the year ended December 31, 2023 For the year ended December 31, 2022 Net income $ 642,535 $ 6,876,861 Basic earnings per share: Weighted average shares outstanding - basic 12,891,847 13,570,407 Weighted average shares outstanding - diluted 12,891,847 13,576,934 Dilutive securities — 6,527 Basic earnings per share - basic $ 0.05 $ 0.51 Basic earnings per share - diluted $ 0.05 $ 0.51
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]	Loan Portfolio Segments: Pre Adoption The effect of adoption Post Adoption Real estate: Residential First Mortgage $ 466,100,627 $ 29,589,213 $ 495,689,840 Commercial and Multi-Family Real Estate 162,338,669 (162,338,669 ) — Commercial Real Estate — 96,030,721 96,030,721 Multi-Family Real Estate — 66,400,713 66,400,713 Construction 61,825,478 — 61,825,478 Commercial and Industrial 1,684,189 — 1,684,189 Consumer: Home Equity and Other Consumer 29,654,973 (29,654,973 ) — Consumer — 98,770 98,770 Total loans 721,603,936 125,775 721,729,711 Allowance for credit losses (2,578,174 ) (282,775 ) (2,860,949 ) Net loans $ 719,025,762 $ (157,000 ) $ 718,868,762 Allowance for Credit Losses: Pre Adoption The effect of adoption Post Adoption Assets ACL on loans Residential First Mortgage $ 1,602,534 $ 211,669 $ 1,814,203 Commercial and Multi-Family Real Estate 615,480 (615,480 ) — Commercial Real Estate — 522,977 522,977 Multi-Family Real Estate — 259,769 259,769 Construction 258,500 1,500 260,000 Commercial and Industrial 3,960 40 4,000 Home Equity and Other Consumer 97,700 (97,700 ) — Liabilities ACL for unfunded commitments — 152,000 152,000 Total $ 2,578,174 $ 434,775 $ 3,012,949

Note 2 - Securities Available_2

Note 2 - Securities Available for Sale (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Debt Securities, Available-for-Sale [Table Text Block]	Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2023 U.S. government and agency obligations One through five years $ 6,000,000 $ — $ (454,599 ) $ 5,545,401 Corporate bonds due in: Less than one year 3,000,000 — (44,230 ) 2,955,770 One through five years 8,264,973 — (247,937 ) 8,017,036 Five through ten years 1,000,000 — (154,050 ) 845,950 MBS – residential 41,105,143 5,182 (5,703,143 ) 35,407,182 MBS – commercial 18,753,711 — (2,636,871 ) 16,116,840 Total $ 78,123,827 $ 5,182 $ (9,240,830 ) $ 68,888,179 December 31, 2022 U.S. treasury bills Less than one year $ 4,971,310 $ — $ (43,702 ) $ 4,927,608 U.S. government and agency obligations One through five years 6,000,000 — (534,846 ) 5,465,154 Corporate bonds due in: Less than one year 3,022,044 — (37,230 ) 2,984,814 One through five years 12,182,364 554 (585,085 ) 11,597,833 Five through ten years 1,000,000 — (76,600 ) 923,400 MBS – residential 44,879,199 2,146 (5,232,300 ) 39,649,045 MBS – commercial 22,086,788 — (2,534,064 ) 19,552,724 Total $ 94,141,705 $ 2,700 $ (9,043,827 ) $ 85,100,578
Debt Securities, Available-for-Sale, Unrealized Loss Position, Fair Value [Table Text Block]	Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023 U.S. government and agency obligations $ — $ - $ 5,545,401 $ ($454,599) $ 5,545,401 $ ($454,599) Corporate bonds 1,999,940 (60 ) 9,818,816 (446,157 ) 11,818,756 (446,217 ) MBS – residential - - 34,829,468 (5,703,143 ) 34,829,468 (5,703,143 ) MBS – commercial - - 16,116,840 (2,636,871 ) 16,116,840 (2,636,871 ) Total $ 1,999,940 $ (60 ) $ 66,310,525 $ (9,240,770 ) $ 68,310,465 $ (9,240,830 ) Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. treasury bills $ 4,927,608 $(43,702 ) $ — $— $ 4,927,608 $ ($43,702) U.S. government and agency obligations 2,758,248 (241,752 ) 2,706,906 (293,094 ) 5,465,154 (534,846 ) Corporate bonds 11,859,089 (392,367 ) 2,647,402 (306,548 ) 14,506,491 (698,915 ) MBS – residential 16,474,573 (1,557,718 ) 22,801,879 (3,674,582 ) 39,276,452 (5,232,300 ) MBS – commercial 9,449,159 (857,122 ) 10,103,565 (1,676,942 ) 19,552,724 (2,534,064 ) Total $ 45,468,677 $(3,092,661 ) $ 38,259,752 $(5,951,166 ) $ 83,728,429 $(9,043,827 )

Note 3 - Securities Held to M_2

Note 3 - Securities Held to Maturity (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Debt Securities, Held-to-Maturity [Table Text Block]	Amortized Cost Gross Unrecognized Gains Gross Unrecognized Losses Fair Value December 31, 2023 U.S. government and agency obligations due in One through five years $ 10,000,000 $ — $ (314,240 ) $ 9,685,760 More than five years through ten years 3,000,000 — (372,885 ) 2,627,115 Corporate Bonds due in: One through five years 6,431,007 — (52,685 ) 6,378,322 Five through ten years 16,294,604 38,684 (2,074,007 ) 14,259,281 Greater than ten years 4,287,941 — (441 ) 4,287,500 Municipal obligations due in: One through five years 901,597 — (55,102 ) 846,495 More than five years through ten years 1,591,199 784 (160,655 ) 1,431,328 Greater than ten years 507,716 — (103,356 ) 404,360 MBS – Residential 12,484,366 7,223 (1,457,104 ) 11,034,485 Commercial 17,157,749 - (2,737,642 ) 14,420,107 $ 72,656,179 $ 46,691 $(7,328,117 ) $ 65,374,753 December 31, 2022 U.S. government and agency obligations due in One through five years $ 10,000,000 $ — $ (456,850 ) $ 9,543,150 Five years through ten years 3,000,000 - (466,866 ) 2,533,134 Corporate Bonds due in: One through five years 2,444,729 1,269 (55,836 ) 2,390,162 Five through ten years 15,825,262 54,738 (1,045,557 ) 14,834,443 Municipal obligations due in: Less than one year 7,706,402 — (36,250 ) 7,670,152 One through five years 902,545 — (84,742 ) 817,803 More than five years through ten years 375,000 1,286 — 376,286 Greater than ten years 1,728,184 — (346,586 ) 1,381,598 MBS – Residential 14,425,827 410 (1,431,861 ) 12,994,376 Commercial 21,019,360 - (2,860,813 ) 18,158,547 $ 77,427,309 $ 57,703 $(6,785,361 ) $ 70,699,651
Debt Securities, Held-to-Maturity, Unrecognized Loss Position [Table Text Block]	U.S. government and agency obligations Corporate bonds Municipal obligations MBS – residential MBS – commercial December 31, 2023 Credit Rating AAA/AA/A $ 12,312,875 $ 11,469,219 $ 2,682,183 $ 11,034,485 $ 14,420,107 BBB/BB/B — 4,999,038 — — — Lower than B — — — — — Not Rated — 8,456,846 — — — Total $ 12,312,875 $ 24,925,103 $ 2,682,183 $ 11,034,485 $ 14,420,107 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. government and agency obligations $ 9,543,150 $ (456,850 ) $ 2,533,134 $ (466,866 ) $ 12,076,284 $ (923,716 ) Corporate bonds 11,464,282 (680,447 ) 3,329,054 (420,946 ) 14,793,336 (1,101,393 ) Municipal obligations 7,670,152 (36,250 ) 2,199,401 (431,328 ) 9,869,553 (467,578 ) MBS – residential 2,008,303 (101,341 ) 10,809,648 (1,330,520 ) 12,817,951 (1,431,861 ) MBS – commercial 7,383,822 (282,984 ) 10,774,725 (2,577,829 ) 18,158,547 (2,860,813 ) Total $ 38,069,709 $ (1,557,872 ) $ 29,645,962 $ (5,227,489 ) $ 67,715,671 $ (6,785,361 )

Note 4 - Loans (Tables)

Note 4 - Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	Pre Adoption Post Adoption December 31, December 31, The effect of December 31, 2023 2022 adoption 2022 Real estate: Residential First Mortgage $ 486,052,422 $ 466,100,627 $ 29,589,213 $ 495,689,840 Commercial and Multi-Family Real Estate - 162,338,669 (162,338,669 ) - Commercial Real Estate 99,830,514 - 96,030,721 96,030,721 Multi-Family Real Estate 75,612,566 - 66,400,713 66,400,713 Construction 49,302,040 61,825,478 - 61,825,478 Commercial & Industrial 6,658,370 1,684,189 - 1,684,189 Consumer: Home equity and other - 29,654,973 (29,654,973 ) - Consumer 18,672 - 98,770 98,770 Total loans 717,474,584 721,603,936 125,775 721,729,711 Allowance for credit losses (2,785,949 ) (2,578,174 ) (282,775 ) (2,860,949 ) Net loans $ 714,688,635 $ 719,025,762 $ ($157,000) $ 718,868,762
Schedule of Loans and Leases Receivable Related Parties [Table Text Block]	2023 2022 Outstanding, January 1, $ 1,739,725 $ 577,143 New loans - 1,317,500 Loan repayments (129,037 ) (154,918 ) Outstanding, December 31, 1,610,688 1,739,725
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Residential First Mortgage Commercial Real Estate Multi-Family Real Estate Construction Commercial & Industrial Consumer Total December 31, 2023 Allowance for credit losses: Beginning balance $ 1,602,534 $ 381,180 $ 234,300 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 Impact of ASC 326 adoption 113,969 141,797 25,469 1,500 40 — 282,775 Provision for loan losses (recovery) 135,466 (85,797 ) 57,531 (102,500 ) 18,000 (97,700 ) (75,000 ) Loans charged-off — — — — — — — Recoveries — — — — — — — Total ending allowance balance $ 1,851,969 $ 437,180 $ 317,300 $ 157,500 $ 22,000 $ — $ 2,785,949 Residential First Mortgage Commercial & Multi- Family Real Estate Construction Commercial & Industrial Home Equity & Other Total December 31, 2022 Allowance for loan losses: Beginning balance $ 1,092,474 $ 768,600 $ 195,000 $ 9,400 $ 87,700 $ 2,153,174 Provision for loan losses (credit) 510,060 (153,120 ) 63,500 (5,440 ) 10,000 425,000 Loans charged-off — — — — — — Recoveries — — — — — — Total ending allowance balance $ 1,602,534 $ 615,480 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 Residential First Mortgage Commercial & Multi- Family Real Estate Construction Commercial & Industrial Home Equity & Other Total December 31, 2022 Allowance for loan losses: Ending allowance balance attributable to loans: Individually evaluated for impairment $ 33,000 $ — $ — $ — $ — $ 33,000 Collectively evaluated for impairment 1,569,534 615,480 258,500 3,960 97,700 2,545,174 Total ending allowance balance $ 1,602,534 $ 615,480 $ 258,500 $ 3,960 $ 97,700 $ 2,578,174 Loans: Loans individually evaluated for impairment $ 819,590 $ — $ — $ 37,069 $ 856,659 Loans collectively evaluated for impairment 462,439,940 160,990,186 61,825,478 1,684,189 29,586,787 716,526,580 Loans acquired with deteriorated credit quality 2,841,097 1,348,483 — — 31,117 4,220,697 Total ending loans balance $ 466,100,627 $ 162,338,669 $ 61,825,478 $ 1,684,189 $ 29,654,973 $ 721,603,936
Schedule of Financing Receivable by Collateral [Table Text Block]	Portfolio segment Real estate Other Residential First Mortgage $ 1,432,072 $ — Commercial Real Estate 450,392 — Multi-Family Real Estate — — Construction 10,893,713 — Commercial and Industrial — — Other Consumer — — $ 12,776,177 $ —
Impaired Financing Receivables [Table Text Block]	Loans With no related allowance recorded Loans with an allowance recorded Average Of individually Impaired loans Amount of allowance for loan losses allocated Residential first mortgages $ 1,199,278 $ 171,616 $ 1,300,615 $ 33,000 Commercial and Multi-Family 488,222 — 488,196 — Construction — — — — Commercial & Industrial — — — — Home equity & other consumer 37,069 — 26,298 — $ 1,724,569 $ 171,616 $ 1,815,109 $ 33,000
Financing Receivable, Nonaccrual [Table Text Block]	Nonaccrual loans beginning of period Nonaccrual loans end of period Nonaccrual with no Allowance for Credit Loss Loans Past Due 90 Days or More Still Accruing Interest recognized on nonaccrual loans December 31, 2023 Residential First Mortgage $ 819,590 $ 1,432,072 $ 1,432,072 $ — $ — Commercial Real Estate 450,392 450,392 Construction — 10,893,713 10,893,713 — — Consumer 37,069 — — — — Total $ 856,659 $ 12,776,177 $ 12,776,177 $ — $ — Nonaccrual Loans Past Due 90 Days or More Still Accruing December 31, 2022 Residential first mortgage $ 819,590 $ — Commercial and multi-family — — Construction — — Commercial & Industrial — — Home equity and other consumer 37,069 — Total $ 856,659 $ —
Financing Receivable, Past Due [Table Text Block]	30 – 59 Days Past Due 60 – 89 Days Past Due Greater than 89 Days Past Due Total Past Due Loans Not Past Due Total December 31, 2023 Residential first mortgage $ — $ 297,118 $ 964,806 $ 1,261,924 $ 484,790,498 $ 486,052,422 Commercial real estate — — 450,392 450,392 99,380,122 99,830,514 Multi-Family real estate — — — — 75,612,566 75,612,566 Construction — — 10,893,713 10,893,713 38,408,327 49,302,040 Commercial & Industrial — — — — 6,658,370 6,658,370 Consumer - — — - 18,672 18,672 Total $ — $ 297,118 $ 12,308,911 $ 12,606,029 $ 704,868,555 $ 717,474,584 30 – 59 Days Past Due 60 – 89 Days Past Due Greater than 89 Days Past Due Total Past Due Loans Not Past Due PCI loans Total December 31, 2022 Residential first mortgage $ — $ 360,849 $ 279,515 $ 640,364 $ 462,619,166 $ 2,841,097 $ 466,100,627 Commercial and Multi-Family — — — — 160,990,186 1,348,483 162,338,669 Construction — — — — 61,825,478 — 61,825,478 Commercial & Industrial — — — — 1,684,189 — 1,684,189 Home equity and other consumer 92,977 — 19,122 112,099 29,511,757 31,117 29,654,973 Total $ 92,977 $ 360,849 $ 298,637 $ 752,463 $ 716,630,776 $ 4,220,697 $ 721,603,936
Financing Receivable Credit Quality Indicators [Table Text Block]	Term Loans by Origination Year Balance at December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Totals Residential First Mortgage Pass $ 5,174,879 $ 111,903,094 $ 37,747,971 $ 28,952,299 $ 26,155,892 $ 114,830,194 $ 159,976,218 $ 484,740,547 Special Mention — — — 191,276 169,343 389,565 107,538 857,722 Substandard — — — — — 169,131 285,022 454,153 Doubtful — — — — — — — — Total 5,174,879 111,903,094 37,747,971 29,143,575 26,325,235 115,388,890 160,368,778 486,052,422 Gross charge-offs by vintage — — — — — — — — Commercial Real Estate Pass — 3,065,843 — 6,893,352 5,501,995 11,722,774 72,196,158 99,380,122 Special Mention — — — — — — — — Substandard — — — — — — 450,392 450,392 Doubtful — — — — — — — — Total — 3,065,843 — 6,893,352 5,501,995 11,722,774 72,646,550 99,830,514 Gross charge-offs by vintage — — — — — — — — Multi-Family Real Estate Pass — 2,362,920 — 1,162,353 — 2,117,462 69,969,831 75,612,566 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total — 2,362,920 — 1,162,353 — 2,117,462 69,969,831 75,612,566 Gross charge-offs by vintage — — — — — — — — Construction Pass — — — — — — 38,459,962 38,459,962 Special Mention — — — — — — — — Substandard — — — — — — 10,842,078 10,842,078 Doubtful — — — — — — — — Total — — — — — — 49,302,040 49,302,040 Gross charge-offs by vintage — — — — — — — — Commercial and Industrial Pass 241,109 — — 576,164 94,204 — 5,746,893 6,658,370 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 241,109 — — 576,164 94,204 — 5,746,893 6,658,370 Gross charge-offs by vintage — — — — — — — — Consumer Pass — — — — — — 18,672 18,672 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total — — — — — — 18,672 18,672 Total loans $ 5,415,988 $ 117,331,857 $ 37,747,971 $ 37,775,444 $ 31,921,434 $ 129,229,126 $ 358,052,764 $ 717,474,584 Pass Special Mention Substandard Totals December 31, 2022 Residential first mortgage $ 465,089,495 $ 555,965 $ 455,167 $ 466,100,627 Commercial and Multi-Family 162,338,669 — — 162,338,669 Construction 61,825,478 — — 61,825,478 Commercial & Industrial 1,684,189 — — 1,684,189 Home equity and other consumer 29,617,904 19,122 17,947 29,654,973 Total $ 720,555,735 $ 575,087 $ 473,114 $ 721,603,936

Note 5 - Premises and Equipme_2

Note 5 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	2023 2022 Land $ 2,402,995 $ 2,402,995 Buildings and improvements 6,962,864 6,834,508 Furniture, fixtures and equipment 3,698,532 3,508,853 13,064,391 12,746,356 Accumulated depreciation (5,377,004 ) (4,862,021 ) $ 7,687,387 $ 7,884,335

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2024 $ 53,223 2025 45,289 2026 37,355 2027 29,421 2028 21,489 Thereafter 19,339 $ 206,116

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Time Deposit Maturities [Table Text Block]	2024 $ 430,847,483 2025 49,377,623 2026 5,524,308 2027 5,687,138 2028 1,838,215 $ 493,274,767

Note 8 - Advances From the Fe_2

Note 8 - Advances From the Federal Home Loans Bank ("FHLB") of New York (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Federal Home Loan Bank, Advances [Table Text Block]	Weighted Average Rate at December 31, 2023 2023 2022 Amortizing: Maturing in: 2023 — $ — $ 3,101,059 2024 2.58 % 5,496,642 3,124,634 2025 2.91 % 4,847,744 2,354,973 2026 4.12 % 3,297,983 678,275 2027 4.98 % 2,753,137 - 2028 5.05 % 2,271,012 - 3.59 % $ 18,666,518 $ 9,258,941 Non-repo advances Maturing in: 2023 — $ — $ 23,037,169 2024 3.92 % 16,019,838 6,019,839 2025 4.31 % 54,003,307 5,003,306 2026 4.57 % 41,500,000 - 4.35 % $ 111,523,145 $ 34,060,314
Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]	2024 $ 59,016,480 2025 58,851,051 2026 44,797,983 2027 2,753,137 2028 2,271,012 $ 167,689,663

Note 9 - Income Taxes (Tables)

Note 9 - 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 expense Federal $ 379,021 $ 1,407,387 State 83,212 847,337 462,233 2,254,724 Deferred (benefit) expense Federal (411,463 ) 240,502 State (212,927 ) 119,319 (624,390 ) 359,821 Total income (benefit) expense $ (162,157 ) $ 2,614,545
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Expected income tax expense at federal tax rate $ 100,879 $ 1,993,195 Increase (decrease) in taxes resulting from: State income tax, net of federal income tax effect (102,475 ) 763,658 Bank Owned Life Insurance (164,120 ) (145,929 ) Tax exempt interest, net (16,441 ) (33,849 ) Other, net 20,000 37,470 $ (162,157 ) $ 2,614,545
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2023 2022 Deferred tax assets: Allowance for credit losses $ 811,803 $ 724,725 Deferred compensation 928,427 945,753 Fraud claim 121,713 - Nonaccrual interest 351,211 - ESOP plans 90,188 51,766 Stock equity plans 263,451 125,195 Accrued severance plan 271,587 - Federal NOL carryforward 345,571 378,777 Depreciation 72,227 66,854 Charitable foundation contribution 312,949 425,092 Net unrealized loss on securities available for sale 2,596,141 2,541,461 Other - 48,186 6,165,268 5,307,809 Deferred tax liabilities: Loan fees/costs 1,120,945 1,108,540 Directors’ and officers’ retirement plans 996 21,772 Purchase accounting 294,064 242,887 Cash flow hedges 67,326 91,094 Other 27,947 - 1,511,278 1,464,293 Net deferred tax asset $ 4,653,990 $ 3,843,516

Note 10 - Stock Based Compens_2

Note 10 - Stock Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding, January 1, 2023 181,215 $ 10.45 Granted - - Vested 45,304 10.45 Forfeited - - Outstanding, December 31, 2023 135,911 $ 10.45
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value Outstanding, January 1, 2023 523,619 $ 10.45 6.5 $ — Granted - Forfeited - Outstanding, December 31, 2023 523,619 10.45 6.5 - Options exercisable at December 31, 2023 209,448 $ —

Note 11 - Derivatives and Hed_2

Note 11 - Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	December 31, 2023 Asset Derivative Consolidated Statements of Financial Condition Fair Value Interest rate swaps Other Assets $ 239,510 Total derivative instruments $ 239,510

Note 12 - Benefit Plans (Tables

Note 12 - Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Net Funded Status [Table Text Block]	2023 2022 Projected benefit obligation - beginning $ 2,318,336 $ 2,430,095 Service cost 52,005 136,145 Interest cost 109,410 69,830 Actuarial gain (12,950 ) (154,613 ) Annuity payments (191,992 ) (163,121 ) Projected benefit obligation – ending 2,274,809 2,318,336 Changes in Plan assets Employer contributions 191,992 163,121 Annuity payments (191,992 ) (163,121 ) Funded status and accrued pension cost included in other liabilities $ 2,274,809 $ 2,318,336
Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	2023 2022 Net actuarial gain (loss) $ 2,236 $ (65,412 ) Prior service cost 1,682 82,538 $ 3,918 $ 17,126
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]	2023 2022 Service cost $ 52,005 $ 136,145 Interest cost 109,410 69,830 Amortization of prior service cost 259 130,821 Net periodic benefit cost 161,674 336,796 Net loss (gain) 2,236 (154,613 ) Amortization of prior service cost (259 ) (130,821 ) Total recognized in other comprehensive income (loss) 1,977 (285,434 ) Total recognized in net periodic benefit cost and other comprehensive loss $ 163,651 $ 51,362
Defined Benefit Plan, Assumptions [Table Text Block]	2023 2022 Discount rate 4.80 % 5.00 % 2023 2022 Discount rate 4.80 % 2.90 % Amortization period (years) 9.49 5.8
Schedule of Expected Benefit Payments [Table Text Block]	2024 $ 200,222 2025 290,760 2026 259,119 2027 236,518 2028 236,518 2029-2030 473,036
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	2023 2022 Allocated shares 106,024 79,280 Unearned shares 409,751 436,495 Total ESOP shares 515,775 515,775 Fair value of unearned ESOP shares $ 3,321,570 $ 4,880,014

Note 13 - Regulatory Capital _2

Note 13 - Regulatory Capital Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual Capital Required For Capital Adequacy Purposes Amount Ratio Amount Ratio 2023 Tier 1 capital to average assets: Bank 130,625 13.96 74,864 8.0 2022 Tier 1 capital to average assets: Bank 129,264 13.44 71,193 8.0

Note 14 - Commitments and Con_2

Note 14 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Outstanding Firm Commitments [Table Text Block]	2023 2022 Fixed Rate Residential mortgage loans $ — $ 650,000 Commercial & Industrial — 500,000 Home equity line of credit — 85,000 $ — $ 1,235,000 Variable Rate Residential mortgage loans $ 2,664,450 $ 1,822,807 Construction loans 16,780,124 32,935,531 Home equity loans 1,173,000 510,000 Commercial real estate 730,000 — $ 21,347,574 $ 35,268,338

Note 15 - Fair Value (Tables)

Note 15 - Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Carrying Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2023 Securities available for sale: U.S. government and agency obligations $ 5,545,401 $ — $ 5,545,401 $ — Corporate bonds 11,818,756 — 11,818,756 — MBS – residential 35,407,182 — 35,407,182 — MBS – commercial 16,116,840 — 16,116,840 — Cash flow hedge 239,510 239,510 $ 69,127,689 $ — $ 69,127,689 $ — December 31, 2022 Securities available for sale: U.S. treasury bills $ 4,927,608 $ 4,927,608 $ — $ — U.S. government and agency obligations 5,465,154 — 5,465,154 — Corporate bonds 15,506,047 — 15,506,047 — MBS – residential 39,649,045 — 39,649,045 — MBS – commercial 19,552,724 — 19,552,724 — Cash flow hedge 324,062 324,062 $ 85,424,640 $ 4,927,608 $ 80,497,032 $ —
Fair Value Measurements, Nonrecurring [Table Text Block]	Carrying Fair Fair Value Measurement Placement Amount Value (Level 1) (Level 2) (Level 3) (In thousands) December 31, 2023 Financial instruments -assets Investment securities held-to-maturity $ 72,656 $ 65,375 $ — $ 65,375 $ — Loans 714,687 672,347 — — 672,347 Financial instruments - liabilities Certificates of deposit 493,275 491,944 — 491,944 — Borrowings 167,690 167,891 — 167,891 — December 31, 2022 Financial instruments - assets Investment securities held-to-maturity $ 77,427 $ 70,700 $ — $ 70,700 $ — Loans 719,026 658,250 — — 658,250 Financial instruments - liabilities Certificates of deposit 492,593 491,638 — 491,638 — Borrowings 102,319 98,885 — 98,885 —

Note 16 - Accumulated Other C_2

Note 16 - Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Year ended December 31, 2023 Unrealized gain (loss) in investments Derivatives Defined benefit plan Total Beginning balance $ (6,499,666 ) $ 232,969 $ 55,684 $ (6,211,013 ) Other comprehensive loss before reclassification (139,840 ) (60,786 ) (53,135 ) (253,761 ) Amounts reclassified from other comprehensive loss - - - - Net current period other comprehensive loss (139,840 ) (60,786 ) (53,135 ) (253,761 ) Ending balance $ (6,639,506 ) $ 172,183 $ 2,549 $ (6,464,774 ) Year ended December 31, 2022 Unrealized gain (loss) in investments Derivatives Defined benefit plan Total Beginning balance $ 17,158 $ — $ (289,814 ) $ (272,656 ) Other comprehensive (loss) income before reclassification (6,516,824 ) 232,969 179,142 (6,104,713 ) Amounts reclassified from other comprehensive (loss) income - - 166,356 166,356 Net current period other comprehensive (loss) income (6,516,824 ) 232,969 345,498 (5,938,357 ) Ending balance $ (6,499,666 ) $ 232,969 $ 55,684 $ (6,211,013 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details about accumulated other comprehensive loss components Year ended December 31, 2023 Year ended December 31, 2022 Realized gains on sales of securities $ — $ — — — $ — $ — Amortization of estimated defined benefit pension plan losses $ 94,315 $ 231,403 other expense (26,512 ) (65,047 ) provision for income taxes $ 67,803 $ 166,356 Total reclassifications for the period $ 67,803 $ 166,356

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual)		12 Months Ended
	Jan. 15, 2020 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Jan. 01, 2023 USD ($)	Dec. 31, 2021 USD ($)
Number Of Subsidiaries		2
Stock Issued During Period, Shares, New Issues (in shares) | shares	5,657,735
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 10
Proceeds from Issuance of Common Stock	$ 56,600,000
Unrecognized Tax Benefits		$ 0	$ 0
Retained Earnings (Accumulated Deficit)		92,177,068	91,756,673
Financing Receivable, after Allowance for Credit Loss		714,688,635	719,025,762	$ 718,868,762
Financing Receivable, Allowance for Credit Loss		2,785,949	2,578,174	2,860,949	$ 2,153,174
Financing Receivable, before Allowance for Credit Loss		717,474,584	721,603,936	721,729,711
Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, before Allowance for Credit Loss			4,220,697
Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss				152,000
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained Earnings (Accumulated Deficit)				222,000
Financing Receivable, after Allowance for Credit Loss			(157,000)	(157,000)
Financing Receivable, Allowance for Credit Loss			282,775
Financing Receivable, before Allowance for Credit Loss			125,775	125,775
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Financing Receivable, before Allowance for Credit Loss		$ 125,775
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss				$ 152,000
Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		10 years
Noncompete Agreements [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		4 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)		39 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)		10 years
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment, Useful Life (Year)		15 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment, Useful Life (Year)		1 year
Mortgage Partnership Finance Program [Member]
Loan, Held-in-Portfolio, Principal Outstanding		$ 3,865,316	$ 3,987,257
Loan and Leases Receivable Loss on Sale of Loans		$ 0
Mortgage Partnership Finance Program [Member] | Maximum [Member]
Percentage of Total Funded Amount of Loans Sold		100%
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares		523,619	523,619
Antidilutive Securities Excluded From Computation of Earnings Per Share, Exercise Price (in dollars per share) | $ / shares		$ 10.45	$ 10.45
Bogota Savings Bank Charitable Foundation Inc [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	263,150
Payments for Restructuring	$ 250,000
Bogota Financial Mhc [Member]
Stock Issued During Period, Shares, New Issues (in shares) | shares	7,236,640

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies - Schedule of Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 642,535	$ 6,876,861
Weighted average shares outstanding - basic (in shares)	12,891,847	13,570,407
Weighted average shares outstanding - diluted (in shares)	12,891,847	13,576,934
Dilutive securities (in shares)	0	6,527
Earnings per share - basic (in dollars per share)	$ 0.05	$ 0.51
Earnings per share - diluted (in dollars per share)	$ 0.05	$ 0.51

Note 1 - Summary of Significa_5

Note 1 - Summary of Significant Accounting Policies - Schedule of Adjustments for New Accounting Pronouncements (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Total loans	$ 717,474,584	$ 721,729,711	$ 721,603,936
Allowance for credit losses	(2,785,949)	(2,860,949)	(2,578,174)	$ (2,153,174)
Net loans	714,688,635	718,868,762	719,025,762
Loans, allowance for credit loss	2,785,949	2,860,949	2,578,174	2,153,174
Allowance for credit losses, including unfunded commitments		3,012,949
Loans Not Including Unfunded Commitments [Member]
Allowance for credit losses		(2,860,949)
Loans, allowance for credit loss		2,860,949
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		125,775	125,775
Allowance for credit losses			(282,775)
Net loans		(157,000)	(157,000)
Loans, allowance for credit loss			282,775
Allowance for credit losses, including unfunded commitments		434,775
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Loans Not Including Unfunded Commitments [Member]
Allowance for credit losses		(282,775)
Loans, allowance for credit loss		282,775
Previously Reported [Member]
Total loans		721,603,936	721,603,936
Allowance for credit losses			(2,578,174)
Net loans		719,025,762	719,025,762
Loans, allowance for credit loss			2,578,174
Allowance for credit losses, including unfunded commitments		2,578,174
Previously Reported [Member] | Loans Not Including Unfunded Commitments [Member]
Allowance for credit losses		(2,578,174)
Loans, allowance for credit loss		2,578,174
Commercial and Industrial [Member]
Total loans	6,658,370	1,684,189	1,684,189
Allowance for credit losses	(22,000)	(4,000)	(3,960)	(9,400)
Loans, allowance for credit loss	22,000	4,000	3,960	9,400
Commercial and Industrial [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		0
Allowance for credit losses		(40)	(40)
Loans, allowance for credit loss		40	40
Commercial and Industrial [Member] | Previously Reported [Member]
Total loans		1,684,189
Allowance for credit losses		(3,960)
Loans, allowance for credit loss		3,960
Consumer Portfolio Segment [Member]
Total loans	18,672		29,654,973
Allowance for credit losses	0		(97,700)	(87,700)
Loans, allowance for credit loss	0		97,700	87,700
Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses			0
Loans, allowance for credit loss			0
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Total loans	486,052,422	495,689,840	466,100,627
Allowance for credit losses	(1,851,969)	(1,814,203)	(1,602,534)	(1,092,474)
Loans, allowance for credit loss	1,851,969	1,814,203	1,602,534	1,092,474
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		29,589,213	29,589,213
Allowance for credit losses		(211,669)	(113,969)
Loans, allowance for credit loss		211,669	113,969
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Previously Reported [Member]
Total loans		466,100,627	466,100,627
Allowance for credit losses		(1,602,534)
Loans, allowance for credit loss		1,602,534
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member]
Total loans	0	0	162,338,669
Allowance for credit losses		0	(615,480)	(768,600)
Loans, allowance for credit loss		0	615,480	768,600
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		(162,338,669)	(162,338,669)
Allowance for credit losses		615,480
Loans, allowance for credit loss		(615,480)
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Previously Reported [Member]
Total loans		162,338,669	162,338,669
Allowance for credit losses		(615,480)
Loans, allowance for credit loss		615,480
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	99,830,514	96,030,721	162,338,669
Allowance for credit losses	(437,180)	(522,977)	(381,180)
Loans, allowance for credit loss	437,180	522,977	381,180
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		96,030,721	96,030,721
Allowance for credit losses		(522,977)	(141,797)
Loans, allowance for credit loss		522,977	141,797
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Previously Reported [Member]
Total loans		0	0
Allowance for credit losses		0
Loans, allowance for credit loss		0
Real Estate Loan [Member] | Multi-Family Real Estate [Member]
Total loans	75,612,566	66,400,713
Allowance for credit losses	(317,300)	(259,769)	(234,300)
Loans, allowance for credit loss	317,300	259,769	234,300
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		66,400,713	66,400,713
Allowance for credit losses		(259,769)	(25,469)
Loans, allowance for credit loss		259,769	25,469
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Previously Reported [Member]
Total loans		0	0
Allowance for credit losses		0
Loans, allowance for credit loss		0
Real Estate Loan [Member] | Construction Loans [Member]
Total loans	49,302,040	61,825,478	61,825,478
Allowance for credit losses	(157,500)	(260,000)	(258,500)	(195,000)
Loans, allowance for credit loss	157,500	260,000	258,500	$ 195,000
Real Estate Loan [Member] | Construction Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		0	0
Allowance for credit losses		(1,500)	(1,500)
Loans, allowance for credit loss		1,500	1,500
Real Estate Loan [Member] | Construction Loans [Member] | Previously Reported [Member]
Total loans		61,825,478	61,825,478
Allowance for credit losses		(258,500)
Loans, allowance for credit loss		258,500
Real Estate Loan [Member] | Commercial and Industrial [Member]
Total loans	6,658,370	1,684,189
Allowance for credit losses			(3,960)
Loans, allowance for credit loss			3,960
Real Estate Loan [Member] | Commercial and Industrial [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans			0
Real Estate Loan [Member] | Commercial and Industrial [Member] | Previously Reported [Member]
Total loans			1,684,189
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Total loans	0	0	29,654,973
Allowance for credit losses		0	(97,700)
Loans, allowance for credit loss		0	97,700
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		(29,654,973)	(29,654,973)
Allowance for credit losses		97,700
Loans, allowance for credit loss		(97,700)
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Previously Reported [Member]
Total loans		29,654,973	29,654,973
Allowance for credit losses		(97,700)
Loans, allowance for credit loss		97,700
Consumer Loans [Member] | Consumer Portfolio Segment [Member]
Total loans	$ 18,672	98,770
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Total loans		98,770	98,770
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | Previously Reported [Member]
Total loans		0	$ 0
Unfunded Loan Commitment [Member]
Allowance for credit losses		(152,000)
Loans, allowance for credit loss		152,000
Unfunded Loan Commitment [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses		(152,000)
Loans, allowance for credit loss		152,000
Unfunded Loan Commitment [Member] | Previously Reported [Member]
Allowance for credit losses		0
Loans, allowance for credit loss		$ 0

Note 2 - Securities Available_3

Note 2 - Securities Available for Sale (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Proceeds from Sale of Debt Securities, Available-for-Sale	$ 0	$ 0
Held-to-Maturity, Securities in Unrealized Loss Positions	44
Debt Securities, Available-for-Sale	$ 68,888,179	85,100,578
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Asset Pledged as Collateral [Member] | Deposits [Member]
Debt Securities, Available-for-Sale	$ 113,415	$ 126,662

Note 2 - Securities Available_4

Note 2 - Securities Available for Sale - Schedule of Debt Securities Available for Sale (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 78,123,827	$ 94,141,705
Gross unrealized gains	5,182	2,700
Gross unrealized losses	(9,240,830)	(9,043,827)
Fair value	68,888,179	85,100,578
US Government Agencies Debt Securities [Member]
Amortized cost, one through five years	6,000,000	6,000,000
Gross unrealized gains, one through five years	0	0
Gross unrealized losses, one through five years	(454,599)	(534,846)
Fair value, one through five years	5,545,401	5,465,154
Corporate Debt Securities [Member]
Amortized cost, one through five years	8,264,973	12,182,364
Gross unrealized gains, one through five years	0	554
Gross unrealized losses, one through five years	(247,937)	(585,085)
Fair value, one through five years	8,017,036	11,597,833
Amortized cost, less than one year	3,000,000	3,022,044
Gross unrealized gains, less than one year	0	0
Gross unrealized losses, less than one year	(44,230)	(37,230)
Fair value, less than one year	2,955,770	2,984,814
Amortized cost, five through ten years	1,000,000	1,000,000
Gross unrealized gains, five through ten years	0	0
Gross unrealized losses, one through five years	(154,050)	(76,600)
Fair value, five through ten years	845,950	923,400
Residential Mortgage-Backed Securities [Member]
Amortized cost	41,105,143	44,879,199
Gross unrealized gains	5,182	2,146
Gross unrealized losses	(5,703,143)	(5,232,300)
Fair value	35,407,182	39,649,045
Commercial Mortgage-Backed Securities [Member]
Amortized cost	18,753,711	22,086,788
Gross unrealized gains	0	0
Gross unrealized losses	(2,636,871)	(2,534,064)
Fair value	$ 16,116,840	19,552,724
US Treasury Bill Securities [Member]
Amortized cost, less than one year		4,971,310
Gross unrealized gains, less than one year		0
Gross unrealized losses, less than one year		(43,702)
Fair value, less than one year		$ 4,927,608

Note 2 - Securities Available_5

Note 2 - Securities Available for Sale - Schedule of Debt Securities in and Unrealized Loss Position (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Available for sale, fair value, less than 12 months	$ 1,999,940	$ 45,468,677
Available for sale, unrealized losses, less than 12 months	(60)	(3,092,661)
Available for sale, fair value, 12 months or more	66,310,525	38,259,752
Available for sale, unrealized losses, 12 months or more	(9,240,770)	(5,951,166)
Available for sale, fair value	68,310,465	83,728,429
Available for sale, unrealized losses	(9,240,830)	(9,043,827)
US Government Agencies Debt Securities [Member]
Available for sale, fair value, less than 12 months	0	2,758,248
Available for sale, unrealized losses, less than 12 months	0	(241,752)
Available for sale, fair value, 12 months or more	5,545,401	2,706,906
Available for sale, unrealized losses, 12 months or more	(454,599)	(293,094)
Available for sale, fair value	5,545,401	5,465,154
Available for sale, unrealized losses	(454,599)	(534,846)
Corporate Debt Securities [Member]
Available for sale, fair value, less than 12 months	1,999,940	11,859,089
Available for sale, unrealized losses, less than 12 months	(60)	(392,367)
Available for sale, fair value, 12 months or more	9,818,816	2,647,402
Available for sale, unrealized losses, 12 months or more	(446,157)	(306,548)
Available for sale, fair value	11,818,756	14,506,491
Available for sale, unrealized losses	(446,217)	(698,915)
Residential Mortgage-Backed Securities [Member]
Available for sale, fair value, less than 12 months	0	16,474,573
Available for sale, unrealized losses, less than 12 months	0	(1,557,718)
Available for sale, fair value, 12 months or more	34,829,468	22,801,879
Available for sale, unrealized losses, 12 months or more	(5,703,143)	(3,674,582)
Available for sale, fair value	34,829,468	39,276,452
Available for sale, unrealized losses	(5,703,143)	(5,232,300)
Commercial Mortgage-Backed Securities [Member]
Available for sale, fair value, less than 12 months	0	9,449,159
Available for sale, unrealized losses, less than 12 months	0	(857,122)
Available for sale, fair value, 12 months or more	16,116,840	10,103,565
Available for sale, unrealized losses, 12 months or more	(2,636,871)	(1,676,942)
Available for sale, fair value	16,116,840	19,552,724
Available for sale, unrealized losses	$ (2,636,871)	(2,534,064)
US Treasury Bill Securities [Member]
Available for sale, fair value, less than 12 months		4,927,608
Available for sale, unrealized losses, less than 12 months		(43,702)
Available for sale, fair value, 12 months or more		0
Available for sale, fair value		4,927,608
Available for sale, unrealized losses		$ (43,702)

Note 3 - Securities Held to M_3

Note 3 - Securities Held to Maturity (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	$ 72,656,179	$ 77,427,309
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	1,589,747	5,293,804
Asset Pledged as Collateral [Member] | Deposits [Member]
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	$ 4,976,927	$ 4,659,956

Note 3 - Securities Held to M_4

Note 3 - Securities Held to Maturity - Summary of Amortized Cost, Fair Value, and Gross Unrecognized Gains and Losses of Securities Held to Maturity (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Securities held to maturity (at fair value of $65,374,753 and $70,699,651 respectively)	$ 72,656,179	$ 77,427,309
Held to maturity, gross unrealized gains	46,691	57,703
Held to maturity, gross unrealized losses	(7,328,117)	(6,785,361)
Securities held to maturity, fair value	65,374,753	70,699,651
US Government Agencies Debt Securities [Member]
Held to maturity, amortized cost, one through five years	10,000,000	10,000,000
Held to maturity, gross unrealized gains, one through five years	0	0
Held to maturity, gross unrealized losses, one through five years	(314,240)	(456,850)
Held to maturity, fair value, one through five years	9,685,760	9,543,150
Held to maturity, amortized cost, five through ten years	3,000,000	375,000
Held to maturity, gross unrealized gains, five through ten years	0	1,286
Held to maturity, gross unrealized losses, five through ten years	(372,885)	0
Held to maturity, fair value, five through ten yearsHeld to maturity, fair value, five through ten years	2,627,115	376,286
Securities held to maturity, fair value	12,312,875
Corporate Debt Securities [Member]
Held to maturity, amortized cost, one through five years	6,431,007	2,444,729
Held to maturity, gross unrealized gains, one through five years	0	1,269
Held to maturity, gross unrealized losses, one through five years	(52,685)	(55,836)
Held to maturity, fair value, one through five years	6,378,322	2,390,162
Held to maturity, amortized cost, five through ten years	16,294,604	3,000,000
Held to maturity, gross unrealized gains, five through ten years	38,684	0
Held to maturity, gross unrealized losses, five through ten years	(2,074,007)	(466,866)
Held to maturity, fair value, five through ten yearsHeld to maturity, fair value, five through ten years	14,259,281	2,533,134
Held to maturity, amortized cost, greater than ten years	4,287,941
Held to maturity, gross unrealized gains, greater than ten years	0
Held to maturity, gross unrealized losses, greater than ten years	(441)
Held to maturity, fair value, greater than ten years	4,287,500
Securities held to maturity, fair value	24,925,103
US States and Political Subdivisions Debt Securities [Member]
Held to maturity, amortized cost, one through five years	901,597	902,545
Held to maturity, gross unrealized gains, one through five years	0	0
Held to maturity, gross unrealized losses, one through five years	(55,102)	(84,742)
Held to maturity, fair value, one through five years	846,495	817,803
Held to maturity, amortized cost, five through ten years	1,591,199
Held to maturity, gross unrealized gains, five through ten years	784
Held to maturity, gross unrealized losses, five through ten years	(160,655)
Held to maturity, fair value, five through ten yearsHeld to maturity, fair value, five through ten years	1,431,328
Held to maturity, amortized cost, greater than ten years	507,716	1,728,184
Held to maturity, gross unrealized gains, greater than ten years	0	0
Held to maturity, gross unrealized losses, greater than ten years	(103,356)	(346,586)
Held to maturity, fair value, greater than ten years	404,360	1,381,598
Securities held to maturity, fair value	2,682,183
Held to maturity, amortized cost, less than one year		7,706,402
Held to maturity, gross unrealized gains, less than one year		0
Held to maturity, gross unrealized losses, less than one year		(36,250)
Held to maturity, fair value, less than one year		7,670,152
Residential Mortgage-Backed Securities [Member]
Securities held to maturity (at fair value of $65,374,753 and $70,699,651 respectively)	12,484,366	14,425,827
Held to maturity, gross unrealized gains	7,223	410
Held to maturity, gross unrealized losses	(1,457,104)	(1,431,861)
Securities held to maturity, fair value	11,034,485	12,994,376
Commercial Mortgage-Backed Securities [Member]
Securities held to maturity (at fair value of $65,374,753 and $70,699,651 respectively)	17,157,749	21,019,360
Held to maturity, gross unrealized gains	0	0
Held to maturity, gross unrealized losses	(2,737,642)	(2,860,813)
Securities held to maturity, fair value	$ 14,420,107	$ 18,158,547

Note 3 - Securities Held to M_5

Note 3 - Securities Held to Maturity - Schedule of Held to Maturity Securities in an Unrecognized Loss Position (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Securities held to maturity, fair value	$ 65,374,753	$ 70,699,651
Held to maturity, fair value, less than 12 months		38,069,709
Held to maturity, unrecognized losses, less than 12 months		(1,557,872)
Held to maturity, fair value, 12 months or more		29,645,962
Held to maturity, unrecognized losses, 12 months or more		(5,227,489)
Held to maturity, fair value		67,715,671
Held to maturity, unrecognized losses		(6,785,361)
US Government Agencies Debt Securities [Member]
Securities held to maturity, fair value	12,312,875
Held to maturity, fair value, less than 12 months		9,543,150
Held to maturity, unrecognized losses, less than 12 months		(456,850)
Held to maturity, fair value, 12 months or more		2,533,134
Held to maturity, unrecognized losses, 12 months or more		(466,866)
Held to maturity, fair value		12,076,284
Held to maturity, unrecognized losses		(923,716)
Corporate Debt Securities [Member]
Securities held to maturity, fair value	24,925,103
Held to maturity, fair value, less than 12 months		11,464,282
Held to maturity, unrecognized losses, less than 12 months		(680,447)
Held to maturity, fair value, 12 months or more		3,329,054
Held to maturity, unrecognized losses, 12 months or more		(420,946)
Held to maturity, fair value		14,793,336
Held to maturity, unrecognized losses		(1,101,393)
US States and Political Subdivisions Debt Securities [Member]
Securities held to maturity, fair value	2,682,183
Held to maturity, fair value, less than 12 months		7,670,152
Held to maturity, unrecognized losses, less than 12 months		(36,250)
Held to maturity, fair value, 12 months or more		2,199,401
Held to maturity, unrecognized losses, 12 months or more		(431,328)
Held to maturity, fair value		9,869,553
Held to maturity, unrecognized losses		(467,578)
Residential Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	11,034,485	12,994,376
Held to maturity, fair value, less than 12 months		2,008,303
Held to maturity, unrecognized losses, less than 12 months		(101,341)
Held to maturity, fair value, 12 months or more		10,809,648
Held to maturity, unrecognized losses, 12 months or more		(1,330,520)
Held to maturity, fair value		12,817,951
Held to maturity, unrecognized losses		(1,431,861)
Commercial Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	14,420,107	18,158,547
Held to maturity, fair value, less than 12 months		7,383,822
Held to maturity, unrecognized losses, less than 12 months		(282,984)
Held to maturity, fair value, 12 months or more		10,774,725
Held to maturity, unrecognized losses, 12 months or more		(2,577,829)
Held to maturity, fair value		18,158,547
Held to maturity, unrecognized losses		$ (2,860,813)
AAA/AA/A [Member] | US Government Agencies Debt Securities [Member]
Securities held to maturity, fair value	12,312,875
AAA/AA/A [Member] | Corporate Debt Securities [Member]
Securities held to maturity, fair value	11,469,219
AAA/AA/A [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities held to maturity, fair value	2,682,183
AAA/AA/A [Member] | Residential Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	11,034,485
AAA/AA/A [Member] | Commercial Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	14,420,107
BBB/BB/B [Member] | US Government Agencies Debt Securities [Member]
Securities held to maturity, fair value	0
BBB/BB/B [Member] | Corporate Debt Securities [Member]
Securities held to maturity, fair value	4,999,038
BBB/BB/B [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities held to maturity, fair value	0
BBB/BB/B [Member] | Residential Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	0
BBB/BB/B [Member] | Commercial Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	0
Lower Than B [Member] | US Government Agencies Debt Securities [Member]
Securities held to maturity, fair value	0
Lower Than B [Member] | Corporate Debt Securities [Member]
Securities held to maturity, fair value	0
Lower Than B [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities held to maturity, fair value	0
Lower Than B [Member] | Residential Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	0
Lower Than B [Member] | Commercial Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	0
Not Rated [Member] | US Government Agencies Debt Securities [Member]
Securities held to maturity, fair value	0
Not Rated [Member] | Corporate Debt Securities [Member]
Securities held to maturity, fair value	8,456,846
Not Rated [Member] | US States and Political Subdivisions Debt Securities [Member]
Securities held to maturity, fair value	0
Not Rated [Member] | Residential Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	0
Not Rated [Member] | Commercial Mortgage-Backed Securities [Member]
Securities held to maturity, fair value	$ 0

Note 4 - Loans (Details Textual

Note 4 - Loans (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties	$ 1,610,688	$ 1,739,725	$ 577,143
Financing Receivable, Deferred Commitment Fee	2,873,724	3,078,612
Financing Receivable, Nonaccrual with Specific Reserves	0
Other Real Estate	$ 0	$ 0

Note 4 - Loans - Schedule of Fi

Note 4 - Loans - Schedule of Financing Receivables (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Total loans	$ 717,474,584	$ 721,729,711	$ 721,603,936
Allowance for credit losses	(2,785,949)	(2,860,949)	(2,578,174)	$ (2,153,174)
Net loans	714,688,635	718,868,762	719,025,762
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		125,775	125,775
Allowance for credit losses			(282,775)
Net loans		(157,000)	(157,000)
Previously Reported [Member]
Total loans		721,603,936	721,603,936
Allowance for credit losses			(2,578,174)
Net loans		719,025,762	719,025,762
Commercial and Industrial [Member]
Total loans	6,658,370	1,684,189	1,684,189
Allowance for credit losses	(22,000)	(4,000)	(3,960)	(9,400)
Commercial and Industrial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		0
Allowance for credit losses		(40)	(40)
Commercial and Industrial [Member] | Previously Reported [Member]
Total loans		1,684,189
Allowance for credit losses		(3,960)
Consumer Portfolio Segment [Member]
Total loans	18,672		29,654,973
Allowance for credit losses	0		(97,700)	(87,700)
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Allowance for credit losses			0
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Total loans	486,052,422	495,689,840	466,100,627
Allowance for credit losses	(1,851,969)	(1,814,203)	(1,602,534)	(1,092,474)
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		29,589,213	29,589,213
Allowance for credit losses		(211,669)	(113,969)
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Previously Reported [Member]
Total loans		466,100,627	466,100,627
Allowance for credit losses		(1,602,534)
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member]
Total loans	0	0	162,338,669
Allowance for credit losses		0	(615,480)	(768,600)
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		(162,338,669)	(162,338,669)
Allowance for credit losses		615,480
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Previously Reported [Member]
Total loans		162,338,669	162,338,669
Allowance for credit losses		(615,480)
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	99,830,514	96,030,721	162,338,669
Allowance for credit losses	(437,180)	(522,977)	(381,180)
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		96,030,721	96,030,721
Allowance for credit losses		(522,977)	(141,797)
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Previously Reported [Member]
Total loans		0	0
Allowance for credit losses		0
Real Estate Loan [Member] | Multi-Family Real Estate [Member]
Total loans	75,612,566	66,400,713
Allowance for credit losses	(317,300)	(259,769)	(234,300)
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		66,400,713	66,400,713
Allowance for credit losses		(259,769)	(25,469)
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Previously Reported [Member]
Total loans		0	0
Allowance for credit losses		0
Real Estate Loan [Member] | Construction Loans [Member]
Total loans	49,302,040	61,825,478	61,825,478
Allowance for credit losses	(157,500)	(260,000)	(258,500)	$ (195,000)
Real Estate Loan [Member] | Construction Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		0	0
Allowance for credit losses		(1,500)	(1,500)
Real Estate Loan [Member] | Construction Loans [Member] | Previously Reported [Member]
Total loans		61,825,478	61,825,478
Allowance for credit losses		(258,500)
Real Estate Loan [Member] | Commercial and Industrial [Member]
Total loans	6,658,370	1,684,189
Allowance for credit losses			(3,960)
Real Estate Loan [Member] | Commercial and Industrial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans			0
Real Estate Loan [Member] | Commercial and Industrial [Member] | Previously Reported [Member]
Total loans			1,684,189
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Total loans	0	0	29,654,973
Allowance for credit losses		0	(97,700)
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		(29,654,973)	(29,654,973)
Allowance for credit losses		97,700
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Previously Reported [Member]
Total loans		29,654,973	29,654,973
Allowance for credit losses		(97,700)
Consumer Loans [Member] | Consumer Portfolio Segment [Member]
Total loans	$ 18,672	98,770
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Total loans		98,770	98,770
Consumer Loans [Member] | Consumer Portfolio Segment [Member] | Previously Reported [Member]
Total loans		$ 0	$ 0

Note 4 - Loans - Schedule of Lo

Note 4 - Loans - Schedule of Loans and Leases Receivable Related Parties (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Outstanding, January 1,	$ 1,739,725	$ 577,143
New loans	0	1,317,500
Loan repayments	(129,037)	(154,918)
Outstanding, December 31,	$ 1,610,688	$ 1,739,725

Note 4 - Loans - Schedule of Al

Note 4 - Loans - Schedule of Allowance for Credit Loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Beginning balance	$ 2,578,174	$ 2,153,174
Provision for loan losses (recovery)	(75,000)	425,000
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	2,785,949	2,578,174
Individually evaluated for impairment		33,000
Collectively evaluated for impairment		2,545,174
Loans individually evaluated for impairment		856,659
Loans collectively evaluated for impairment		716,526,580
Loans acquired with deteriorated credit quality		4,220,697
Total ending loans balance		721,603,936
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	282,775
Total ending allowance balance		282,775
Commercial and Industrial [Member]
Beginning balance	3,960	9,400
Provision for loan losses (recovery)	18,000	(5,440)
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	22,000	3,960
Individually evaluated for impairment		0
Collectively evaluated for impairment		3,960
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		1,684,189
Loans acquired with deteriorated credit quality		0
Total ending loans balance		1,684,189
Commercial and Industrial [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	40
Total ending allowance balance		40
Consumer Portfolio Segment [Member]
Beginning balance	97,700	87,700
Provision for loan losses (recovery)	(97,700)	10,000
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	0	97,700
Consumer Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	0
Total ending allowance balance		0
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Beginning balance	1,602,534	1,092,474
Provision for loan losses (recovery)	135,466	510,060
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	1,851,969	1,602,534
Individually evaluated for impairment		33,000
Collectively evaluated for impairment		1,569,534
Loans individually evaluated for impairment		819,590
Loans collectively evaluated for impairment		462,439,940
Loans acquired with deteriorated credit quality		2,841,097
Total ending loans balance		466,100,627
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	113,969
Total ending allowance balance		113,969
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Beginning balance	381,180
Provision for loan losses (recovery)	(85,797)
Loans charged-off	0
Recoveries	0
Total ending allowance balance	437,180	381,180
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	141,797
Total ending allowance balance		141,797
Real Estate Loan [Member] | Multi-Family Real Estate [Member]
Beginning balance	234,300
Provision for loan losses (recovery)	57,531
Loans charged-off	0
Recoveries	0
Total ending allowance balance	317,300	234,300
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	25,469
Total ending allowance balance		25,469
Real Estate Loan [Member] | Construction Loans [Member]
Beginning balance	258,500	195,000
Provision for loan losses (recovery)	(102,500)	63,500
Loans charged-off	0	0
Recoveries	0	0
Total ending allowance balance	157,500	258,500
Individually evaluated for impairment		0
Collectively evaluated for impairment		258,500
Loans individually evaluated for impairment		0
Loans collectively evaluated for impairment		61,825,478
Loans acquired with deteriorated credit quality		0
Total ending loans balance		61,825,478
Real Estate Loan [Member] | Construction Loans [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Beginning balance	1,500
Total ending allowance balance		1,500
Real Estate Loan [Member] | Commercial and Industrial [Member]
Beginning balance	3,960
Total ending allowance balance		3,960
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member]
Beginning balance	615,480	768,600
Provision for loan losses (recovery)		(153,120)
Loans charged-off		0
Recoveries		0
Total ending allowance balance		615,480
Individually evaluated for impairment		0
Collectively evaluated for impairment		615,480
Loans individually evaluated for impairment
Loans collectively evaluated for impairment		160,990,186
Loans acquired with deteriorated credit quality		1,348,483
Total ending loans balance		162,338,669
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Beginning balance	$ 97,700
Total ending allowance balance		97,700
Individually evaluated for impairment		0
Collectively evaluated for impairment		97,700
Loans individually evaluated for impairment		37,069
Loans collectively evaluated for impairment		29,586,787
Loans acquired with deteriorated credit quality		31,117
Total ending loans balance		$ 29,654,973

Note 4 - Loans - Schedule of _2

Note 4 - Loans - Schedule of Financing Receivables by Collateral (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Total loans	$ 717,474,584	$ 721,729,711	$ 721,603,936
Real Estate [Member]
Total loans	12,776,177
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Total loans	486,052,422	495,689,840	466,100,627
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Real Estate [Member]
Total loans	1,432,072
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	99,830,514	96,030,721	162,338,669
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Real Estate [Member]
Total loans	450,392
Real Estate Loan [Member] | Construction Loans [Member]
Total loans	49,302,040	$ 61,825,478	$ 61,825,478
Real Estate Loan [Member] | Construction Loans [Member] | Real Estate [Member]
Total loans	$ 10,893,713

Note 4 - Loans - Impaired Loans

Note 4 - Loans - Impaired Loans (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Loans with no related allowance recorded	$ 12,776,177	$ 1,724,569
Loans with an allowance recorded		171,616
Average of individually impaired loans		1,815,109
Related allowance		33,000
Commercial and Industrial [Member]
Loans with no related allowance recorded		0
Loans with an allowance recorded		0
Average of individually impaired loans		0
Related allowance		0
Consumer Portfolio Segment [Member]
Loans with no related allowance recorded	0
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Loans with no related allowance recorded	1,432,072	1,199,278
Loans with an allowance recorded		171,616
Average of individually impaired loans		1,300,615
Related allowance		33,000
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member]
Loans with no related allowance recorded		488,222
Loans with an allowance recorded		0
Average of individually impaired loans		488,196
Related allowance		0
Real Estate Loan [Member] | Construction Loans [Member]
Loans with no related allowance recorded	$ 10,893,713	0
Loans with an allowance recorded		0
Average of individually impaired loans		0
Related allowance		0
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Loans with no related allowance recorded		37,069
Loans with an allowance recorded		0
Average of individually impaired loans		26,298
Related allowance		$ 0

Note 4 - Loans - Schedule of No

Note 4 - Loans - Schedule of Nonaccrual Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Nonaccrual	$ 856,659
Nonaccrual	12,776,177
Loans with no related allowance recorded	12,776,177	$ 1,724,569
Loans past 90 days or more still accruing	0
Nonaccrual, interest	0
Nonaccrual	12,776,177	856,659
Consumer Portfolio Segment [Member]
Nonaccrual	37,069
Nonaccrual	0
Loans with no related allowance recorded	0
Loans past 90 days or more still accruing	0
Nonaccrual, interest	0
Nonaccrual	0	37,069
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Nonaccrual	819,590
Nonaccrual	1,432,072
Loans with no related allowance recorded	1,432,072	1,199,278
Loans past 90 days or more still accruing	0
Nonaccrual, interest	0
Nonaccrual	1,432,072	819,590
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Nonaccrual	450,392
Loans with no related allowance recorded	450,392
Nonaccrual	450,392
Real Estate Loan [Member] | Construction Loans [Member]
Nonaccrual	0
Nonaccrual	10,893,713
Loans with no related allowance recorded	10,893,713	0
Loans past 90 days or more still accruing	0
Nonaccrual, interest	0
Nonaccrual	10,893,713	0
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Nonaccrual	$ 37,069
Loans with no related allowance recorded		37,069
Nonaccrual		$ 37,069

Note 4 - Loans - Schedule of Pa

Note 4 - Loans - Schedule of Past Due Financing Receivables (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022
Total loans	$ 717,474,584	$ 721,729,711	$ 721,603,936
Financial Asset Acquired with Credit Deterioration [Member]
Total loans			4,220,697
Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		92,977
Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	297,118		360,849
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	12,308,911		298,637
Financial Asset, Past Due [Member]
Total loans	12,606,029		752,463
Financial Asset, Not Past Due [Member]
Total loans	704,868,555		716,630,776
Residential Portfolio Segment [Member] | Real Estate Loan [Member]
Total loans	486,052,422	495,689,840	466,100,627
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Total loans			2,841,097
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		0
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	297,118		360,849
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	964,806		279,515
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member]
Total loans	1,261,924		640,364
Residential Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member]
Total loans	484,790,498		462,619,166
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member]
Total loans	99,830,514	96,030,721	162,338,669
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Total loans			1,348,483
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		0
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	0		0
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	450,392		0
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member]
Total loans	450,392		0
Commercial Real Estate Portfolio Segment [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member]
Total loans	99,380,122		160,990,186
Multi-Family Real Estate [Member] | Real Estate Loan [Member]
Total loans	75,612,566	66,400,713
Multi-Family Real Estate [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0
Multi-Family Real Estate [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	0
Multi-Family Real Estate [Member] | Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	0
Multi-Family Real Estate [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member]
Total loans	0
Multi-Family Real Estate [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member]
Total loans	75,612,566
Construction Loans [Member] | Real Estate Loan [Member]
Total loans	49,302,040	61,825,478	61,825,478
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Total loans			0
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		0
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	0		0
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	10,893,713		0
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset, Past Due [Member]
Total loans	10,893,713		0
Construction Loans [Member] | Real Estate Loan [Member] | Financial Asset, Not Past Due [Member]
Total loans	38,408,327		61,825,478
Commercial and Industrial [Member]
Total loans	6,658,370	1,684,189	1,684,189
Commercial and Industrial [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Total loans			0
Commercial and Industrial [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		0
Commercial and Industrial [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	0		0
Commercial and Industrial [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	0		0
Commercial and Industrial [Member] | Financial Asset, Past Due [Member]
Total loans	0		0
Commercial and Industrial [Member] | Financial Asset, Not Past Due [Member]
Total loans	6,658,370		1,684,189
Commercial and Industrial [Member] | Real Estate Loan [Member]
Total loans	6,658,370	$ 1,684,189
Consumer Portfolio Segment [Member]
Total loans	18,672		29,654,973
Consumer Portfolio Segment [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Total loans			31,117
Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Total loans	0		92,977
Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Total loans	0		0
Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Total loans	0		19,122
Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Total loans	0		112,099
Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Total loans	$ 18,672		$ 29,511,757

Note 4 - Loans - Loans by Credi

Note 4 - Loans - Loans by Credit Quality Indicators (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023
Originated current year	$ 5,415,988
Originated prior year	117,331,857
Originated two years prior	37,747,971
Originated three years prior	37,775,444
Originated four years prior	31,921,434
Originated years prior	129,229,126
Revolving	358,052,764
Total loans	717,474,584	$ 721,603,936	$ 721,729,711
Gross charge-offs by vintage	0	0
Pass [Member]
Total loans		720,555,735
Special Mention [Member]
Total loans		575,087
Substandard [Member]
Total loans		473,114
Commercial and Industrial [Member]
Originated current year	241,109
Originated prior year	0
Originated two years prior	0
Originated three years prior	576,164
Originated four years prior	94,204
Originated years prior	0
Revolving	5,746,893
Total loans	6,658,370	1,684,189	1,684,189
Originated current year, writeoffs	0
Originated prior year, writeoffs	0
Originated two years prior, writeoffs	0
Originated three years prior, writeoffs	0
Originated four years prior, writeoffs	0
Originated years prior, writeoffs	0
Revolving, writeoffs	0
Gross charge-offs by vintage	0	0
Commercial and Industrial [Member] | Pass [Member]
Originated current year	241,109
Originated prior year	0
Originated two years prior	0
Originated three years prior	576,164
Originated four years prior	94,204
Originated years prior	0
Revolving	5,746,893
Total loans	6,658,370	1,684,189
Commercial and Industrial [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0	0
Commercial and Industrial [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0	0
Commercial and Industrial [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Consumer Portfolio Segment [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	18,672
Total loans	18,672	29,654,973
Gross charge-offs by vintage	0	0
Consumer Portfolio Segment [Member] | Pass [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	18,672
Total loans	18,672
Consumer Portfolio Segment [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Consumer Portfolio Segment [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Consumer Portfolio Segment [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Originated current year	5,174,879
Originated prior year	111,903,094
Originated two years prior	37,747,971
Originated three years prior	29,143,575
Originated four years prior	26,325,235
Originated years prior	115,388,890
Revolving	160,368,778
Total loans	486,052,422	466,100,627	495,689,840
Originated current year, writeoffs	0
Originated prior year, writeoffs	0
Originated two years prior, writeoffs	0
Originated three years prior, writeoffs	0
Originated four years prior, writeoffs	0
Originated years prior, writeoffs	0
Revolving, writeoffs	0
Gross charge-offs by vintage	0	0
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Originated current year	5,174,879
Originated prior year	111,903,094
Originated two years prior	37,747,971
Originated three years prior	28,952,299
Originated four years prior	26,155,892
Originated years prior	114,830,194
Revolving	159,976,218
Total loans	484,740,547	465,089,495
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	191,276
Originated four years prior	169,343
Originated years prior	389,565
Revolving	107,538
Total loans	857,722	555,965
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	169,131
Revolving	285,022
Total loans	454,153	455,167
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member]
Total loans	0	162,338,669	0
Gross charge-offs by vintage		0
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Pass [Member]
Total loans		162,338,669
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Special Mention [Member]
Total loans		0
Real Estate Loan [Member] | Commercial and Multi-Family Real Estate [Member] | Substandard [Member]
Total loans		0
Real Estate Loan [Member] | Construction Loans [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	49,302,040
Total loans	49,302,040	61,825,478	61,825,478
Originated current year, writeoffs	0
Originated prior year, writeoffs	0
Originated two years prior, writeoffs	0
Originated three years prior, writeoffs	0
Originated four years prior, writeoffs	0
Originated years prior, writeoffs	0
Revolving, writeoffs	0
Gross charge-offs by vintage	0	0
Real Estate Loan [Member] | Construction Loans [Member] | Pass [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	38,459,962
Total loans	38,459,962	61,825,478
Real Estate Loan [Member] | Construction Loans [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0	0
Real Estate Loan [Member] | Construction Loans [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	10,842,078
Total loans	10,842,078	0
Real Estate Loan [Member] | Construction Loans [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Commercial and Industrial [Member]
Total loans	6,658,370		1,684,189
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member]
Originated current year	0
Originated prior year	3,065,843
Originated two years prior	0
Originated three years prior	6,893,352
Originated four years prior	5,501,995
Originated years prior	11,722,774
Revolving	72,646,550
Total loans	99,830,514	162,338,669	96,030,721
Originated current year, writeoffs	0
Originated prior year, writeoffs	0
Originated two years prior, writeoffs	0
Originated three years prior, writeoffs	0
Originated four years prior, writeoffs	0
Originated years prior, writeoffs	0
Revolving, writeoffs	0
Gross charge-offs by vintage	0
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Originated current year	0
Originated prior year	3,065,843
Originated two years prior	0
Originated three years prior	6,893,352
Originated four years prior	5,501,995
Originated years prior	11,722,774
Revolving	72,196,158
Total loans	99,380,122
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	450,392
Total loans	450,392
Real Estate Loan [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Multi-Family Real Estate [Member]
Originated current year	0
Originated prior year	2,362,920
Originated two years prior	0
Originated three years prior	1,162,353
Originated four years prior	0
Originated years prior	2,117,462
Revolving	69,969,831
Total loans	75,612,566		66,400,713
Originated current year, writeoffs	0
Originated prior year, writeoffs	0
Originated two years prior, writeoffs	0
Originated three years prior, writeoffs	0
Originated four years prior, writeoffs	0
Originated years prior, writeoffs	0
Revolving, writeoffs	0
Gross charge-offs by vintage	0
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Pass [Member]
Originated current year	0
Originated prior year	2,362,920
Originated two years prior	0
Originated three years prior	1,162,353
Originated four years prior	0
Originated years prior	2,117,462
Revolving	69,969,831
Total loans	75,612,566
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Special Mention [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Substandard [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Real Estate Loan [Member] | Multi-Family Real Estate [Member] | Doubtful [Member]
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Total loans	0
Home Equity Loan [Member] | Consumer Portfolio Segment [Member]
Total loans	$ 0	29,654,973	$ 0
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Total loans		29,617,904
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Total loans		19,122
Home Equity Loan [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Total loans		$ 17,947

Note 5 - Premises and Equipme_3

Note 5 - Premises and Equipment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Nonproduction	$ 514,983	$ 485,118

Note 5 - Premises and Equipme_4

Note 5 - Premises and Equipment - Summary of Premises and Equipment (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Property, plant and equipment, gross	$ 13,064,391	$ 12,746,356
Accumulated depreciation	(5,377,004)	(4,862,021)
Property, Plant and Equipment, Net	7,687,387	7,884,335
Land [Member]
Property, plant and equipment, gross	2,402,995	2,402,995
Building and Building Improvements [Member]
Property, plant and equipment, gross	6,962,864	6,834,508
Furniture and Fixtures [Member]
Property, plant and equipment, gross	$ 3,698,532	$ 3,508,853

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets, Net	$ 206,116
Core Deposits [Member]
Finite-Lived Intangible Assets, Net	206,116
Finite-Lived Intangible Assets, Accumulated Amortization	132,728
Amortization of Intangible Assets	$ 61,156
Finite-Lived Intangible Asset, Useful Life (Year)	10 years

Note 6 - Intangible Assets - Sc

Note 6 - Intangible Assets - Schedule of Estimated Aggregate Future Amortization Expense for Core Deposit Intangible Assets (Details)	Dec. 31, 2023 USD ($)
2024	$ 53,223
2025	45,289
2026	37,355
2027	29,421
2028	21,489
Thereafter	19,339
Finite-Lived Intangible Assets, Net	$ 206,116

Note 7 - Deposits (Details Text

Note 7 - Deposits (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Time Deposits, at or Above FDIC Insurance Limit	$ 132,100,000	$ 119,100,000
Deposits	625,347,142	701,411,449
Certificates of Deposit [Member]
Interest-Bearing Domestic Deposit, Brokered	53,300,000	58,600,000
Officers And Directors [Member]
Deposits	$ 2,433,000	$ 2,541,000

Note 7 - Deposits - Schedule of

Note 7 - Deposits - Schedule of Maturities of Certificates of Deposits (Details)	Dec. 31, 2023 USD ($)
2024	$ 430,847,483
2025	49,377,623
2026	5,524,308
2027	5,687,138
2028	1,838,215
Time Deposits	$ 493,274,767

Note 8 - Advances From the Fe_3

Note 8 - Advances From the Federal Home Loans Bank ("FHLB") of New York (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023
Financing Receivable, after Allowance for Credit Loss	$ 714,688,635	$ 719,025,762	$ 718,868,762
Four Correspondent Banks [Member]
Line of Credit Facility, Maximum Borrowing Capacity	54,000,000	51,000,000
Long-Term Line of Credit	0	0
Asset Pledged as Collateral [Member] | Securities Sold under Agreements to Repurchase [Member]
Debt Securities, Available-for-Sale and Held-to-Maturity, after Allowance for Credit Loss	1,589,747	5,269,320
Asset Pledged as Collateral [Member] | Federal Home Loan Bank Advances [Member]
Financing Receivable, after Allowance for Credit Loss	289,808,115	329,278,068
Federal Home Loan Bank of New York [Member]
Proceeds from Short-Term Debt	$ 37,500,000	$ 59,000,000
Federal Home Loan Bank, Advance, Maturity, Average Interest Rate, Year One	5.52%	4.59%
Federal Home Loan Bank, Advances, General Debt Obligations, Amount of Available, Unused Funds	$ 140,398,000	$ 235,221,958

Note 8 - Advances From the Fe_4

Note 8 - Advances From the Federal Home Loan Bank ("FHLB") of New York - Long-term Advances (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Year one	$ 37,500,000	$ 59,000,000
Long-Term Federal Home Loan Bank Advances	130,189,663	$ 43,319,254
Federal Home Loan Bank of New York [Member]
Year one	$ 59,016,480
Year one	5.52%	4.59%
Year two	$ 58,851,051
Year three	44,797,983
Year four	2,753,137
Year five	2,271,012
Federal Home Loan Bank of New York [Member] | Federal Home Loan Bank Advances, Amortizing [Member]
Year one	$ 5,496,642	$ 3,101,059
Year one	2.58%
Year two	$ 4,847,744	3,124,634
Year two	2.91%
Year three	$ 3,297,983	2,354,973
Year three	4.12%
Year four	$ 2,753,137	678,275
Year four	4.98%
Year five	$ 2,271,012	0
Year five	5.05%
After year five		0
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate for Year	3.59%
Long-Term Federal Home Loan Bank Advances	$ 18,666,518	9,258,941
Federal Home Loan Bank of New York [Member] | Federal Home Loan Bank Advances, Non Repo [Member]
Year one	$ 16,019,838	23,037,169
Year one	3.92%
Year two	$ 54,003,307	6,019,839
Year two	4.31%
Year three	$ 41,500,000	5,003,306
Year three	4.57%
Year four		0
Federal Home Loan Bank, Advances, Activity for Year, Average Interest Rate for Year	4.35%
Long-Term Federal Home Loan Bank Advances	$ 111,523,145	$ 34,060,314

Note 8 - Advances From the Fe_5

Note 8 - Advances From the Federal Home Loan Bank ("FHLB") of New York - Maturity (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
2024	$ 37,500,000	$ 59,000,000
Federal Home Loan Bank of New York [Member]
2024	59,016,480
2025	58,851,051
2026	44,797,983
2027	2,753,137
2028	2,271,012
Advance from Federal Home Loan Bank	$ 167,689,663

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Deferred Tax Liability Not Recognized, Amount of Unrecognized Deferred Tax Liability, Bad Debt Reserve for Tax Purposes of Qualified Lender	$ 4,609,000	$ 4,609,000
Unrecognized Tax Benefits	0	0
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Expense	$ 0	$ 0
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Open Tax Year	2020 2021 2022 2023
State and Local Jurisdiction [Member] | New Jersey Division of Taxation [Member]
Open Tax Year	2019 2020 2021 2022 2023

Note 9 - Income Taxes - Income

Note 9 - Income Taxes - Income Tax Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 379,021	$ 1,407,387
State	83,212	847,337
Current Federal, State and Local, Tax Expense (Benefit)	462,233	2,254,724
Federal	(411,463)	240,502
State	(212,927)	119,319
Deferred Federal, State and Local, Tax Expense (Benefit)	(624,390)	359,821
Income Tax Expense (Benefit)	$ (162,157)	$ 2,614,545

Note 9 - Income Taxes - Reconci

Note 9 - Income Taxes - Reconciliation of Income Tax (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Expected income tax expense at federal tax rate	$ 100,879	$ 1,993,195
State income tax, net of federal income tax effect	(102,475)	763,658
Bank Owned Life Insurance	(164,120)	(145,929)
Tax exempt interest, net	(16,441)	(33,849)
Other, net	20,000	37,470
Income Tax Expense (Benefit)	$ (162,157)	$ 2,614,545

Note 9 - Income Taxes - Deferre

Note 9 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses	$ 811,803	$ 724,725
Deferred compensation	928,427	945,753
Fraud claim	121,713	0
Nonaccrual interest	351,211	0
ESOP plans	90,188	51,766
Stock equity plans	263,451	125,195
Accrued severance plan	271,587	0
Federal NOL carryforward	345,571	378,777
Depreciation	72,227	66,854
Charitable foundation contribution	312,949	425,092
Net unrealized loss on securities available for sale	2,596,141	2,541,461
Other	0	48,186
Deferred Tax Assets, Gross	6,165,268	5,307,809
Loan fees/costs	1,120,945	1,108,540
Directors’ and officers’ retirement plans	996	21,772
Purchase accounting	294,064	242,887
Cash flow hedges	67,326	91,094
Other	27,947	0
Deferred Tax Liabilities, Gross	1,511,278	1,464,293
Net deferred tax asset	$ 4,653,990	$ 3,843,516

Note 10 - Stock Based Compens_3

Note 10 - Stock Based Compensation (Details Textual) - USD ($)			12 Months Ended
	Sep. 02, 2022	Sep. 02, 2021	Dec. 31, 2023	Dec. 31, 2022	May 27, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			0
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares)			523,619	523,619
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)			$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)			135,911	181,215
The 2021 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					902,602
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)	526,119
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 4.37
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 10.45
The 2021 Plan [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					257,887
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		226,519
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 10.45
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period (Year)		5 years
Share-Based Payment Arrangement, Expense			$ 473,000	$ 473,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number (in shares)			181,215
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1,900,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			3 years 10 months 6 days
The 2021 Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)					644,718
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Requisite Service Period (Year)	5 years
Share-Based Payment Arrangement, Expense			$ 459,000	$ 459,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount			$ 1,800,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)			3 years 10 months 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Expiration Period (Year)	10 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Number of Shares (in shares)			526,119

Note 10 - Stock Based Compens_4

Note 10 - Stock Based Compensation - Restricted Stock Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Outstanding, shares (in shares) | shares	181,215
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 10.45
Granted, shares (in shares) | shares	0
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Vested, shares (in shares) | shares	45,304
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 10.45
Forfeited, shares (in shares) | shares	0
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Outstanding, shares (in shares) | shares	135,911
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares	$ 10.45

Note 10 - Stock Based Compens_5

Note 10 - Stock Based Compensation - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Outstanding, option (in shares)	523,619
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 10.45
Outstanding, weighted average remaining contractual term (Year)	6 years 6 months
Outstanding, aggregate intrinsic value | $	$ 0
Granted, option (in shares)	0
Forfeited, option (in shares)	0
Outstanding, option (in shares)	523,619
Outstanding, weighted average exercise price (in dollars per share) | $ / shares	$ 10.45
Options exercisable (in shares)	209,448
Options exercisable, aggregate intrinsic value | $	$ 0

Note 11 - Derivatives and Hed_3

Note 11 - Derivatives and Hedging Activities (Details Textual) - Interest Rate Swap [Member]	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 84,554
Interest Payable	$ 72,000
Designated as Hedging Instrument [Member]
Number of Interest Rate Derivatives Held	2	1
Derivative, Notional Amount	$ 20,000,000	$ 10,000,000

Note 11 - Derivatives and Hed_4

Note 11 - Derivatives and Hedging Activities - Schedule of Derivative Instrument Classification (Details)	Dec. 31, 2023 USD ($)
Total derivative instruments	$ 239,510
Interest Rate Swap [Member] | Other Assets [Member]
Total derivative instruments	$ 239,510

Note 12 - Benefit Plans (Detail

Note 12 - Benefit Plans (Details Textual) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee Stock Ownership Plan (ESOP), Compensation Expense		$ 224,870	$ 280,792
Employee Stock Ownership Plan [Member]
Employee Stock Ownership Plan (ESOP), Shares in ESOP (in shares)	515,775	515,775	515,775
Employee Stock Ownership Plan (ESOP), Compensation Expense		$ 224,870	$ 280,790
Employee Stock Ownership Plan [Member] | Term Loan [Member]
Proceeds from Issuance of Long-Term Debt	$ 6,000,000
Debt Instrument, Term (Year)	20 years
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate		8.50%
Supplemental Employee Retirement Plan [Member]
Defined Benefit Plan, Benefit Obligation		$ 1,040,487	968,692
Defined Benefit Plan, Plan Assets, Administration Expense		15,325	278,714
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax		$ (87,120)	(79,972)
The 401K Plan [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match		100%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent		6%
Defined Contribution Plan, Safe Harbour Contribution, Percentage		3%
Defined Contribution Plan, Employer Discretionary Contribution Amount		$ 414,000	384,000
Directors' Retirement Plan [Member] | Pension Plan [Member]
Defined Benefit Plan, Annual Retainer Percentage		100%
Defined Benefit Plan, Annual Retainer, Period of Payment (Year)		3 years
Defined Benefit Plan, Average Annual Compensation Payment Period (Month)		120 months
Defined Benefit Plan, Directors Average Annual Retainer Period (Year)		3 years
defined Benefit Plan, Period Served by Director on Board (Month)		120 months
Defined Benefit Plan, Percentage of Three Year Average Annual Compensation Paid		15%
Defined Benefit Plan, Number of Installments		12
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year		$ 200,222
Defined Benefit Plan, Benefit Obligation		2,274,809	2,318,336	$ 2,430,095
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax		$ 3,918	$ 17,126

Note 12 - Benefit Plans - Funde

Note 12 - Benefit Plans - Funded Status (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Service cost	$ 52,005	$ 136,145
Interest cost	109,410	69,830
Pension Plan [Member] | Directors' Retirement Plan [Member]
Projected benefit obligation - beginning	2,318,336	2,430,095
Service cost	52,005	136,145
Interest cost	109,410	69,830
Actuarial gain	(12,950)	(154,613)
Annuity payments	(191,992)	(163,121)
Projected benefit obligation – ending	2,274,809	2,318,336
Employer contributions	191,992	163,121
Annuity payments	(191,992)	(163,121)
Funded status and accrued pension cost included in other liabilities	$ 2,274,809	$ 2,318,336

Note 12 - Benefit Plans - Amoun

Note 12 - Benefit Plans - Amounts Recognized in Accumulated Other Comprehensive Income (Details) - Directors' Retirement Plan [Member] - Pension Plan [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Net actuarial gain (loss)	$ 2,236	$ (65,412)
Prior service cost	1,682	82,538
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	$ 3,918	$ 17,126

Note 12 - Benefit Plans - Compo

Note 12 - Benefit Plans - Components of Net Periodic Benefit Cost and Other Amounts Recognized In Other Comprehensive Income (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Service cost	$ 52,005	$ 136,145
Interest cost	109,410	69,830
Amortization of prior service cost	259	130,821
Net periodic benefit cost	161,674	336,796
Net loss (gain)	(2,236)	154,613
Amortization of prior service cost	(259)	(130,821)
Total recognized in other comprehensive income (loss)	1,977	(285,434)
Total recognized in net periodic benefit cost and other comprehensive loss	$ 163,651	$ 51,362

Note 12 - Benefit Plans - Weigh

Note 12 - Benefit Plans - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Discount rate	4.80%	5%
Directors' Retirement Plan [Member] | Pension Plan [Member]
Discount rate	4.80%	2.90%
Amortization period (years) (Year)	9 years 5 months 26 days	5 years 9 months 18 days

Note 12 - Benefit Plans - Expec

Note 12 - Benefit Plans - Expected Future Payments (Details) - Pension Plan [Member] - Directors' Retirement Plan [Member]	Dec. 31, 2023 USD ($)
2024	$ 200,222
2025	290,760
2026	259,119
2027	236,518
2028	236,518
2029 - 2030	$ 473,036

Note 12 - Benefit Plans - ESOP

Note 12 - Benefit Plans - ESOP shares (Details) - Employee Stock Ownership Plan [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Jan. 31, 2020
Allocated shares (in shares)	106,024	79,280
Unearned shares (in shares)	409,751	436,495
Total ESOP shares (in shares)	515,775	515,775	515,775
Fair value of unearned ESOP shares	$ 3,321,570	$ 4,880,014

Note 13 - Regulatory Capital _3

Note 13 - Regulatory Capital Matters (Details Textual)	Dec. 31, 2023
Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum	0.025
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	0.07
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	0.085
Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum	0.105

Note 13 - Regulatory Capital _4

Note 13 - Regulatory Capital Matters - Actual and Required Capital Amounts and Ratios (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Tier 1 capital, actual capital, amount	$ 130,625	$ 129,264
Tier 1 capital, actual capital, ratio	0.1396	0.1344
Tier 1 capital, required for capital adequacy, amount	$ 74,864	$ 71,193
Tier 1 capital, required for capital adequacy, ratio	0.08	0.08

Note 14 - Commitments and Con_3

Note 14 - Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Jan. 01, 2023
Financing Receivable, after Allowance for Credit Loss	$ 714,688,635	$ 719,025,762	$ 718,868,762
Property and Equipment [Member]
Operating Lease, Expense	$ 181,308	169,540
Commitments to Extend Credit [Member] | Maximum [Member]
Commitment Period (Day)	90 days
Home Equity Line of Credit [Member] | Unfunded Loan Commitment [Member]
Financing Receivable, after Allowance for Credit Loss	$ 50,175,046	48,776,452
Business Line of Credit [Member] | Unfunded Loan Commitment [Member]
Financing Receivable, after Allowance for Credit Loss	$ 2,579,759	$ 8,183,350

Note 14 - Commitments and Con_4

Note 14 - Commitments and Contingencies - Outstanding Commitments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fixed Rate commitments	$ 0	$ 1,235,000
Variable Rate commitments	21,347,574	35,268,338
Residential Portfolio Segment [Member]
Fixed Rate commitments	0	650,000
Variable Rate commitments	2,664,450	1,822,807
Commercial and Industrial [Member]
Fixed Rate commitments	0	500,000
Consumer Portfolio Segment [Member] | Home Equity Loan [Member]
Fixed Rate commitments	0	85,000
Variable Rate commitments	1,173,000	510,000
Construction Loans [Member]
Variable Rate commitments	16,780,124	32,935,531
Commercial Real Estate Portfolio Segment [Member]
Fixed Rate commitments	$ 730,000	$ 0

Note 15 - Fair Value - Schedule

Note 15 - Fair Value - Schedule of Assets Measured on Recurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale	$ 68,888,179	$ 85,100,578
Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Assets, Fair Value Disclosure	69,127,689	85,424,640
Reported Value Measurement [Member] | Fair Value, Recurring [Member] | Cash Flow Hedging [Member]
Cash flow hedge	239,510	324,062
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value Disclosure	0	4,927,608
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Cash Flow Hedging [Member]
Cash flow hedge
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value Disclosure	69,127,689	80,497,032
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Cash Flow Hedging [Member]
Cash flow hedge	239,510	324,062
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value Disclosure	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Cash Flow Hedging [Member]
Cash flow hedge
US Government Agencies Debt Securities [Member] | Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-Sale	5,545,401	5,465,154
US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-Sale	0	0
US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Available-for-Sale	5,545,401	5,465,154
US Government Agencies Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-Sale	0	0
Corporate Debt Securities [Member] | Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-Sale	11,818,756	15,506,047
Corporate Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-Sale	0	0
Corporate Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Available-for-Sale	11,818,756	15,506,047
Corporate Debt Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-Sale	0	0
Residential Mortgage-Backed Securities [Member]
Debt Securities, Available-for-Sale	35,407,182	39,649,045
Residential Mortgage-Backed Securities [Member] | Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-Sale	35,407,182	39,649,045
Residential Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-Sale	0	0
Residential Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Available-for-Sale	35,407,182	39,649,045
Residential Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-Sale	0	0
Commercial Mortgage-Backed Securities [Member]
Debt Securities, Available-for-Sale	16,116,840	19,552,724
Commercial Mortgage-Backed Securities [Member] | Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-Sale	16,116,840	19,552,724
Commercial Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-Sale	0	0
Commercial Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Available-for-Sale	16,116,840	19,552,724
Commercial Mortgage-Backed Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-Sale	$ 0	0
US Treasury Bill Securities [Member] | Reported Value Measurement [Member] | Fair Value, Recurring [Member]
Debt Securities, Available-for-Sale		4,927,608
US Treasury Bill Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt Securities, Available-for-Sale		4,927,608
US Treasury Bill Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt Securities, Available-for-Sale		0
US Treasury Bill Securities [Member] | Estimate of Fair Value Measurement [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt Securities, Available-for-Sale		$ 0

Note 15 - Fair Value - Schedu_2

Note 15 - Fair Value - Schedule of Assets and Liabilities Measured on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reported Value Measurement [Member]
Investment securities held-to-maturity	$ 72,656	$ 77,427
Loans	714,687	719,026
Borrowings	167,690	102,319
Reported Value Measurement [Member] | Certificates of Deposit [Member]
Certificates of deposit	493,275	492,593
Estimate of Fair Value Measurement [Member]
Investment securities held-to-maturity	65,375	70,700
Loans	672,347	658,250
Borrowings	167,891	98,885
Estimate of Fair Value Measurement [Member] | Certificates of Deposit [Member]
Certificates of deposit	491,944	491,638
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities held-to-maturity	0	0
Loans	0	0
Borrowings	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | Certificates of Deposit [Member]
Certificates of deposit	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities held-to-maturity	65,375	70,700
Loans	0	0
Borrowings	167,891	98,885
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | Certificates of Deposit [Member]
Certificates of deposit	491,944	491,638
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities held-to-maturity	0	0
Loans	672,347	658,250
Borrowings	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | Certificates of Deposit [Member]
Certificates of deposit	$ 0	$ 0

Note 16 - Accumulated Other C_3

Note 16 - Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 139,659,123	$ 147,576,211
Total other comprehensive (loss) income	(253,761)	(5,938,357)
Total other comprehensive loss	(253,761)	(5,938,357)
Balance	137,173,203	139,659,123
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	(6,499,666)	17,158
Other comprehensive (loss) income before reclassification	(139,840)	(6,516,824)
Amounts reclassified from other comprehensive (loss) income	0	0
Total other comprehensive (loss) income	(139,840)	(6,516,824)
Total other comprehensive loss	(139,840)	(6,516,824)
Balance	(6,639,506)	(6,499,666)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	232,969	0
Other comprehensive (loss) income before reclassification	(60,786)	232,969
Amounts reclassified from other comprehensive (loss) income	0	0
Total other comprehensive (loss) income	(60,786)	232,969
Total other comprehensive loss	(60,786)	232,969
Balance	172,183	232,969
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	55,684	(289,814)
Other comprehensive (loss) income before reclassification	(53,135)	179,142
Amounts reclassified from other comprehensive (loss) income	0	166,356
Total other comprehensive (loss) income	(53,135)	345,498
Total other comprehensive loss	(53,135)	345,498
Balance	2,549	55,684
AOCI Attributable to Parent [Member]
Balance	(6,211,013)	(272,656)
Other comprehensive (loss) income before reclassification	(253,761)	(6,104,713)
Amounts reclassified from other comprehensive (loss) income	0	166,356
Total other comprehensive (loss) income	(253,761)	(5,938,357)
Total other comprehensive loss	(253,761)	(5,938,357)
Balance	$ (6,464,774)	$ (6,211,013)

Note 16 - Accumulated Other C_4

Note 16 - Accumulated Other Comprehensive Loss - Reclassifications (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
other expense	$ 15,757,127	$ 14,285,007
provision for income taxes	(162,157)	2,614,545
Net Income (Loss) Attributable to Parent	642,535	6,876,861
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Total reclassifications for the period	0	(166,356)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
other expense	94,315	231,403
provision for income taxes	(26,512)	(65,047)
Net Income (Loss) Attributable to Parent	67,803	166,356
Total reclassifications for the period	$ 67,803	$ 166,356