Community Bancorp (CMTV) 10-Q 14 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 03, 2022
Cover [Abstract]
Entity Registrant Name	COMMUNITY BANCORP /VT
Entity Central Index Key	0000718413
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2022
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		5,421,386
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-16435
Entity Incorporation State Country Code	VT
Entity Tax Identification Number	03-0284070
Entity Interactive Data Current	Yes
Entity Address Address Line 1	4811 US Route 5
Entity Address State Or Province	VT
Entity Address Postal Zip Code	05829
City Area Code	802
Local Phone Number	334-7915
Entity Address City Or Town	Derby

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 13,796,288	$ 17,839,374
Federal funds sold and overnight deposits	60,105,975	92,519,552
Total cash and cash equivalents	73,902,263	110,358,926
Securities available-for-sale	187,227,320	182,342,459
Restricted equity securities, at cost	1,390,950	1,434,450
Loans held-for-sale	130,000	339,000
Loans	724,194,001	689,988,533
Allowance for loan losses	(8,432,086)	(7,710,256)
Deferred net loan costs (fees)	466,602	(37,972)
Net loans	716,228,517	682,240,305
Bank premises and equipment, net	13,163,010	13,767,328
Accrued interest receivable	2,709,745	2,400,560
Bank owned life insurance	5,133,661	5,073,228
Goodwill	11,574,269	11,574,269
Other assets	15,425,215	9,575,274
Total assets	1,026,884,950	1,019,105,799
Deposits:
Demand, non-interest bearing	210,463,414	209,465,151
Interest-bearing transaction accounts	269,907,036	265,513,937
Money market funds	137,639,793	129,728,954
Savings	179,853,917	168,390,905
Time deposits, $250,000 and over	15,433,461	17,463,871
Other time deposits	89,743,528	88,837,135
Total deposits	903,041,149	879,399,953
Borrowed funds	1,300,000	1,300,000
Repurchase agreements	32,254,924	32,609,875
Junior subordinated debentures	12,887,000	12,887,000
Accrued interest and other liabilities	7,862,052	8,148,703
Total liabilities	957,345,125	934,345,531
Shareholders' Equity
Preferred stock, 1,000,000 shares authorized, 15 shares issued and outstanding at 09/30/22 and 12/31/21 ($100,000 liquidation value, per share)	1,500,000	1,500,000
Common stock - $2.50 par value; 15,000,000 shares authorized, 5,628,909 shares issued at 09/30/22 and 5,587,939 shares issued at 12/31/21	14,072,273	13,969,848
Additional paid-in capital	36,117,612	35,322,063
Retained earnings	43,032,064	37,758,105
Accumulated other comprehensive loss	(22,559,347)	(1,166,971)
Less: treasury stock, at cost; 210,101 shares at 09/30/22 and 12/31/21	(2,622,777)	(2,622,777)
Total shareholders' equity	69,539,825	84,760,268
Total liabilities and shareholders' equity	$ 1,026,884,950	$ 1,019,105,799
Book value per common share outstanding	$ 12.56	$ 15.48

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Consolidated Balance Sheets
Time Deposits, Over	$ 250,000	$ 250,000
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	15	15
Preferred Stock, Shares Outstanding	15	15
Preferred Stock, Liquidation Value	$ 100,000	$ 100,000
Common Stock Par Value (in Dollars Per Share)	$ 2.50	$ 2.50
Common Stock, Shares Authorized (in Shares)	15,000,000	15,000,000
Common Stock, Shares Issued (in Shares)	5,628,909	5,587,939
Treasury Stock (in Shares)	210,101	210,101

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income
Interest and fees on loans	$ 8,182,209	$ 8,778,173	$ 23,300,119	$ 24,919,892
Interest on taxable debt securities	799,856	325,002	2,192,540	883,846
Interest on tax-exempt debt securities	68,155	0	112,890	0
Dividends	23,029	14,666	56,121	40,265
Interest on federal funds sold and overnight deposits	358,907	92,923	609,532	260,811
Total interest income	9,432,156	9,210,764	26,271,202	26,104,814
Interest expense
Interest on deposits	837,983	594,327	1,975,401	1,930,664
Interest on borrowed funds	21,363	19,721	64,993	49,111
Interest on repurchase agreements	45,153	16,871	88,322	72,822
Interest on junior subordinated debentures	154,091	97,776	373,506	296,486
Total interest expense	1,058,590	728,695	2,502,222	2,349,083
Net interest income	8,373,566	8,482,069	23,768,980	23,755,731
Provision for loan losses	125,000	89,167	1,325,000	624,165
Net interest income after provision for loan losses	8,248,566	8,392,902	22,443,980	23,131,566
Non-interest income
Service fees	939,807	882,688	2,739,076	2,527,943
Income from sold loans	109,411	242,560	508,795	704,627
Other income from loans	301,710	223,388	895,884	653,377
Other income	180,675	351,950	708,574	1,155,405
Total non-interest income	1,531,603	1,700,586	4,852,329	5,041,352
Non-interest expense
Salaries and wages	1,984,000	2,002,999	6,058,000	5,923,001
Employee benefits	629,681	811,817	2,106,356	2,467,237
Occupancy expenses, net	677,805	743,219	2,104,346	2,140,141
Other expenses	2,049,423	1,973,822	5,960,259	5,635,925
Total non-interest expense	5,340,909	5,531,857	16,228,961	16,166,304
Income before income taxes	4,439,260	4,561,631	11,067,348	12,006,614
Income tax expense	828,754	862,429	2,030,148	2,235,305
Net income	$ 3,610,506	$ 3,699,202	$ 9,037,200	$ 9,771,309
Earnings per common share	$ 0.66	$ 0.69	$ 1.67	$ 1.82
Weighted average number of common shares used in computing earnings per share	5,409,612	5,354,187	5,396,215	5,338,481
Dividends declared per common share	$ 0.23	$ 0.22	$ 0.69	$ 0.66

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive (Loss) Income (Unaudited)
Net income	$ 3,610,506	$ 3,699,202	$ 9,037,200	$ 9,771,309
Other comprehensive loss, net of tax:
Unrealized holding loss on securities AFS arising during the period	(8,978,128)	(475,176)	(27,078,956)	(1,515,004)
Tax effect	1,885,407	99,786	5,686,580	318,151
Other comprehensive loss, net of tax	(7,092,721)	(375,390)	(21,392,376)	(1,196,853)
Total comprehensive (loss) income	$ (3,482,215)	$ 3,323,812	$ (12,355,176)	$ 8,574,456

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)	Total	Common Stock	Preferred Stock	Additional Paid-In Capital	Retained Earnings	Accumulated other comprehensive (loss) income	Treasury Stock
January 1, 2021 at Dec. 31, 2020	$ 77,288,713	$ 13,818,450	$ 1,500,000	$ 34,309,646	$ 29,368,046	$ 915,348	$ (2,622,777)
Issuance of common stock	264,779	42,523		222,256
Common stock	(1,169,555)				(1,169,555)
Preferred stock	12,188				12,188
Redemption Of Preferred Stock	0
Net income	3,025,701				3,025,701
Other comprehensive loss	(1,311,905)					(1,311,905)
Preferred stock	(12,188)				(12,188)
September 30, 2021 at Mar. 31, 2021	78,085,545	13,860,973	1,500,000	34,531,902	31,212,004	(396,557)	(2,622,777)
January 1, 2021 at Dec. 31, 2020	77,288,713	13,818,450	1,500,000	34,309,646	29,368,046	915,348	(2,622,777)
Common stock	(3,519,579)
Preferred stock	36,563
Net income	9,771,309
Preferred stock	(36,563)
September 30, 2021 at Sep. 30, 2021	83,214,702	13,937,685	1,500,000	35,098,086	35,583,213	(281,505)	(2,622,777)
January 1, 2021 at Mar. 31, 2021	78,085,545	13,860,973	1,500,000	34,531,902	31,212,004	(396,557)	(2,622,777)
Issuance of common stock	290,136	38,695		251,441
Common stock	(1,173,253)				(1,173,253)
Preferred stock	12,187				12,187
Net income	3,046,406				3,046,406
Other comprehensive loss	490,442					490,442
Preferred stock	(12,187)				(12,187)
September 30, 2021 at Jun. 30, 2021	80,727,089	13,899,668	1,500,000	34,783,343	33,072,970	93,885	(2,622,777)
Issuance of common stock	352,760	38,017		314,743
Common stock	(1,176,771)				(1,176,771)
Preferred stock	12,188				12,188
Net income	3,699,202				3,699,202
Other comprehensive loss	(375,390)					(375,390)
Preferred stock	(12,188)				(12,188)
September 30, 2021 at Sep. 30, 2021	83,214,702	13,937,685	1,500,000	35,098,086	35,583,213	(281,505)	(2,622,777)
January 1, 2021 at Dec. 31, 2021	84,760,268	13,969,848	1,500,000	35,322,063	37,758,105	(1,166,971)	(2,622,777)
Issuance of common stock	272,683	35,597		237,086
Common stock	(1,236,880)				(1,236,880)
Preferred stock	12,188				12,188
Net income	2,405,542				2,405,542
Other comprehensive loss	(8,744,637)					(8,744,637)
Preferred stock	(12,188)				(12,188)
September 30, 2021 at Mar. 31, 2022	77,444,788	14,005,445	1,500,000	35,559,149	38,914,579	(9,911,608)	(2,622,777)
January 1, 2021 at Dec. 31, 2021	84,760,268	13,969,848	1,500,000	35,322,063	37,758,105	(1,166,971)	(2,622,777)
Common stock	(3,720,116)
Preferred stock	43,125
Net income	9,037,200
Preferred stock	(43,125)
September 30, 2021 at Sep. 30, 2022	69,539,825	14,072,273	1,500,000	36,117,612	43,032,064	(22,559,347)	(2,622,777)
January 1, 2021 at Mar. 31, 2022	77,444,788	14,005,445	1,500,000	35,559,149	38,914,579	(9,911,608)	(2,622,777)
Issuance of common stock	320,930	33,048		287,882
Common stock	(1,240,049)				(1,240,049)
Preferred stock	13,124				13,124
Net income	3,021,152				3,021,152
Other comprehensive loss	(5,555,018)					(5,555,018)
Preferred stock	(13,124)				(13,124)
September 30, 2021 at Jun. 30, 2022	73,978,679	14,038,493	1,500,000	35,847,031	40,682,558	(15,466,626)	(2,622,777)
Issuance of common stock	304,361	33,780		270,581
Common stock	(1,243,187)				(1,243,187)
Preferred stock	17,813				17,813
Net income	3,610,506				3,610,506
Other comprehensive loss	(7,092,721)					(7,092,721)
Preferred stock	(17,813)				(17,813)
September 30, 2021 at Sep. 30, 2022	$ 69,539,825	$ 14,072,273	$ 1,500,000	$ 36,117,612	$ 43,032,064	$ (22,559,347)	$ (2,622,777)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Cash Flows from Operating Activities:
Net income	$ 3,610,506	$ 2,405,542	$ 3,699,202	$ 3,025,701	$ 9,037,200	$ 9,771,309
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization, bank premises and equipment					853,685	815,454
Provision for loan losses	125,000		89,167		1,325,000	624,165	$ 624,165
Deferred income tax					(38,020)	(75,779)
Gain on sale of loans					(218,501)	(404,428)
Gain on sale of bank premises and equipment					0	(7,559)
Capital loss on leases					0	63,125
Income from CFS Partners					(386,217)	(834,781)
Amortization of bond premium, net					518,833	355,461
Proceeds from sales of loans held for sale					10,456,242	6,487,773
Originations of loans held for sale					(10,028,741)	(6,002,945)
Increase (decrease) in taxes payable					251,872	(376,202)
(Increase) decrease in interest receivable					(309,185)	257,562
Decrease in mortgage servicing rights					17,084	23,797
Decrease in right-of-use assets					149,011	147,125
Decrease in operating lease liabilities					(153,871)	(147,616)
Increase in other assets					(209,618)	(141,037)
Increase in cash surrender value of BOLI					(60,433)	(63,961)
Amortization of limited partnerships					201,537	272,286
Change in net deferred loan fees and costs					(504,574)	(46,463)
Decrease in interest payable					(25,558)	(29,252)
Decrease in accrued expenses					(4,198)	(126,996)
Increase (decrease) in other liabilities					12,439	(40,317)
Net cash provided by operating activities					10,883,987	10,520,722
Investments - AFS
Maturities, calls, pay downs and sales					14,994,113	14,130,683
Purchases					(47,476,763)	(65,972,109)
Proceeds from redemption of restricted equity securities					43,500	0
Purchases of restricted equity securities					0	(600)
Decrease in limited partnership contributions payable					0	(150,000)
Proceeds from distribution from CFS Partners					0	2,000,000
(Increase) decrease in loans, net					(34,956,148)	16,630,097
Capital expenditures net of proceeds from sales of bank premises and equipment					(398,378)	(782,522)
Recoveries of loans charged off					147,510	73,515
Net cash used in investing activities					(67,646,166)	(34,070,936)
Cash Flows from Financing Activities:
Net increase in demand and interest-bearing transaction accounts					5,391,362	24,030,973
Net increase in money market and savings accounts					19,373,851	39,467,248
Net decrease in time deposits					(1,124,017)	(5,694,301)
Net decrease in repurchase agreements					(354,951)	(16,375,099)
Repayments on long-term borrowings					0	(500,000)
Decrease in finance lease obligations					(159,333)	(144,774)
Dividends paid on preferred stock					(43,125)	(36,563)
Dividends paid on common stock					(2,778,271)	(2,495,153)
Net cash provided by financing activities					20,242,277	38,252,331
Net (decrease) increase in cash and cash equivalents					(36,456,663)	14,702,116
Cash and cash equivalents:
Beginning		110,358,926		115,049,920	110,358,926	115,049,920	115,049,920
Ending	73,902,263		129,752,036		73,902,263	129,752,036	$ 110,358,926
Supplemental Schedule of Cash Paid During the Period:
Interest					2,527,780	2,378,335
Income taxes, net of refunds					1,614,759	2,415,000
Supplemental Schedule of Noncash Investing and Financing Activities:
Change in unrealized loss on securities AFS					(27,078,956)	(1,515,004)
Additions to finance lease obligations					0	3,955,252
Common Shares Dividends Paid:
Dividends declared	$ 1,243,187	$ 1,236,880	$ 1,176,771	$ 1,169,555	3,720,116	3,519,579
Increase in dividends payable attributable to dividends declared					(43,871)	(116,751)
Dividends reinvested					897,974	907,675
Total dividends paid					$ 2,778,271	$ 2,495,153

Basis of Presentation and Conso

Basis of Presentation and Consolidation and Certain Definitions	9 Months Ended
	Sep. 30, 2022
Basis of Presentation and Consolidation and Certain Definitions
Basis Of Presentation And Consolidation And Certain Definitions	Note 1. Basis of Presentation and Consolidation and Certain Definitions Basis of Presentation and Consolidation. Certain amounts disclosed in the Notes below for the 2021 annual and three- and nine-month periods of 2021 have been reclassified to conform to the current year presentation. The Company is considered a “smaller reporting company” under the disclosure rules of the SEC, as amended in 2018. Accordingly, the Company has elected to provide its audited consolidated statements of income, comprehensive income, cash flows and changes in shareholders’ equity for a two year, rather than a three year, period, and provides smaller reporting company scaled disclosures where management deems it appropriate. In addition to the definitions provided elsewhere in this quarterly report, the definitions, acronyms and abbreviations identified below are used throughout this report, including in Part I. “Financial Information” and Part II. “Other Information”, and are intended to aid the reader and provide a reference page when reviewing this report. ABS: Asset backed security FDIC: Federal Deposit Insurance Corporation AFS: Available-for-sale FHLBB: Federal Home Loan Bank of Boston Agency MBS: MBS issued by a US government agency FHLMC: Federal Home Loan Mortgage Corporation or GSE FOMC: Federal Open Market Committee ALCO: Asset Liability Committee FRB: Federal Reserve Board ALL: Allowance for loan losses FRBB: Federal Reserve Bank of Boston AOCI: Accumulated other comprehensive income GAAP: Generally Accepted Accounting Principles ASC: Accounting Standards Codification in the United States ASU: Accounting Standards Update GSE: Government sponsored enterprise Bancorp: Community Bancorp. HTM: Held-to-maturity Bank: Community National Bank ICS: Insured Cash Sweeps of the InterFi Network BIC: Borrower-in-Custody IRS: Internal Revenue Service Board: Board of Directors JNE: Jobs for New England BOLI: Bank owned life insurance Jr: Junior bp or bps: Basis point(s) LIBOR London Interbank Offered Rate CDARS: Certificate of Deposit Accounts Registry MBS: Mortgage-backed security Service of the InterFi Network MSRs: Mortgage servicing rights CDs: Certificates of deposit NII: Net interest income CDI: Core deposit intangible OAS: Other amortizing security CECL: Current Expected Credit Loss OCI: Other comprehensive income (loss) CFSG: Community Financial Services Group, LLC OREO: Other real estate owned CFS Partners: Community Financial Services Partners, OTTI: Other-than-temporary impairment LLC PMI: Private mortgage insurance CMO Collateralized Mortgage Obligations PPP: Paycheck Protection Program Company: Community Bancorp. and Subsidiary RD: USDA Rural Development COVID-19: Coronavirus Disease 2019 SBA: U.S. Small Business Administration CRE: Commercial Real Estate SEC: U.S. Securities and Exchange Commission DDA or DDAs: Demand Deposit Account(s) SOFR: Secured Overnight Financing Rate DTC: Depository Trust Company TDR: Troubled-debt restructuring DRIP: Dividend Reinvestment Plan USDA: U.S. Department of Agriculture Exchange Act: Securities Exchange Act of 1934 VA: U.S. Veterans Administration FASB: Financial Accounting Standards Board

Recent Accounting Developments

Recent Accounting Developments	9 Months Ended
	Sep. 30, 2022
Recent Accounting Developments
Recent Accounting Developments	Note 2. Recent Accounting Developments In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting,

Earnings per Common Share

Earnings per Common Share	9 Months Ended
	Sep. 30, 2022
Earnings per Common Share
Earnings Per Common Share	Note 3. Earnings per Common Share Earnings per common share amounts are computed based on the weighted average number of shares of common stock issued during the period (retroactively adjusted for stock splits and stock dividends, if any), including Dividend Reinvestment Plan shares issuable upon reinvestment of dividends declared, and reduced for shares held in treasury. The following tables illustrate the calculation of earnings per common share for the periods presented, as adjusted for the cash dividends declared on the preferred stock: Three Months Ended September 30, 2022 2021 Net income, as reported $ 3,610,506 $ 3,699,202 Less: dividends to preferred shareholders 17,813 12,188 Net income available to common shareholders $ 3,592,693 $ 3,687,014 Weighted average number of common shares used in calculating earnings per share 5,409,612 5,354,187 Earnings per common share $ 0.66 $ 0.69 Nine Months Ended September 30, 2022 2021 Net income, as reported $ 9,037,200 $ 9,771,309 Less: dividends to preferred shareholders 43,125 36,563 Net income available to common shareholders $ 8,994,075 $ 9,734,746 Weighted average number of common shares used in calculating earnings per share 5,396,215 5,338,481 Earnings per common share $ 1.67 $ 1.82

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2022
Investment Securities
Investment Securities	Note 4. Investment Securities Debt securities AFS as of the balance sheet dates consisted of the following: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2022 U.S. GSE debt securities $ 12,000,000 $ 0 $ 1,642,690 $ 10,357,310 U.S. Government securities 41,409,349 0 3,405,554 38,003,795 Taxable Municipal securities 300,000 0 62,749 237,251 Tax-Exempt Municipal securities 11,695,449 0 1,358,635 10,336,814 Agency MBS 135,295,287 13,719 21,423,964 113,885,042 ABS and OAS 2,929,176 0 245,888 2,683,288 CMO 8,690,193 0 359,280 8,330,913 Other investments 3,464,000 0 71,093 3,392,907 Total $ 215,783,454 $ 13,719 $ 28,569,853 $ 187,227,320 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2021 U.S. GSE debt securities $ 12,001,978 $ 36,024 $ 209,504 $ 11,828,498 U.S. Government securities 32,374,935 0 333,894 32,041,041 Taxable Municipal securities 300,000 0 1,267 298,733 Tax-Exempt Municipal securities 830,279 1,167 67 831,379 Agency MBS 128,291,487 184,002 1,342,968 127,132,521 ABS and OAS 2,131,610 82,414 0 2,214,024 CMO 1,451,349 0 30,891 1,420,458 Other investments 6,438,000 142,199 4,394 6,575,805 Total $ 183,819,638 $ 445,806 $ 1,922,985 $ 182,342,459 Investments pledged as collateral for repurchase agreements consisted of U.S. GSE debt securities, Agency MBS, ABS and OAS, and CMO. These repurchase agreements mature daily. These pledged investments as of the balance sheet dates were as follows: Amortized Fair Cost Value September 30, 2022 $ 57,108,669 $ 47,466,870 December 31, 2021 63,045,599 62,256,702 There were no sales of debt securities during the first nine months of 2022 or 2021. The scheduled maturities of debt securities as of the balance sheet dates were as follows: Amortized Fair Cost Value September 30, 2022 Due in one year or less $ 1,730,000 $ 1,725,887 Due from one to five years 53,992,787 49,890,108 Due from five to ten years 10,409,071 9,091,245 Due after ten years 14,356,309 12,635,038 Agency MBS 135,295,287 113,885,042 Total $ 215,783,454 $ 187,227,320 December 31, 2021 Due in one year or less $ 3,470,000 $ 3,508,582 Due from one to five years 36,860,731 36,619,130 Due from five to ten years 13,065,163 12,942,726 Due after ten years 2,132,257 2,139,500 Agency MBS 128,291,487 127,132,521 Total $ 183,819,638 $ 182,342,459 Agency MBS are not due at a single maturity date and have not been allocated to maturity groupings for purposes of the maturity table. Debt securities with unrealized losses as of the balance sheet dates are presented in the table below. Less than 12 months 12 months or more Totals Fair Unrealized Fair Unrealized Number of Fair Unrealized Value Loss Value Loss Securities Value Loss September 30, 2022 U.S. GSE debt securities $ 5,304,930 $ 695,070 $ 5,052,380 $ 947,620 11 $ 10,357,310 $ 1,642,690 U.S. Government securities 25,893,729 1,886,208 12,110,066 1,519,346 54 38,003,795 3,405,554 Taxable Municipal securities 237,251 62,749 0 0 1 237,251 62,749 Tax-Exempt Municipal securities 10,336,814 1,358,635 0 0 22 10,336,814 1,358,635 Agency MBS 53,405,680 8,835,995 58,983,039 12,587,969 119 112,388,719 21,423,964 ABS and OAS 2,683,288 245,888 0 0 4 2,683,288 245,888 CMO 7,572,585 276,853 758,328 82,427 8 8,330,913 359,280 Other investments 3,173,963 42,037 218,944 29,056 14 3,392,907 71,093 Total $ 108,608,240 $ 13,403,435 $ 77,122,757 $ 15,166,418 233 $ 185,730,997 $ 28,569,853 Less than 12 months 12 months or more Totals Fair Unrealized Fair Unrealized Number of Fair Unrealized Value Loss Value Loss Securities Value Loss December 31, 2021 U.S. GSE debt securities $ 5,869,117 $ 130,883 $ 1,921,379 $ 78,621 7 $ 7,790,496 $ 209,504 U.S. Government securities 32,041,041 333,894 0 0 46 32,041,041 333,894 Taxable Municipal securities 298,733 1,267 0 0 1 298,733 1,267 Tax-Exempt Municipal securities 330,212 67 0 0 1 330,212 67 Agency MBS 107,061,452 1,128,587 8,809,493 214,381 84 115,870,945 1,342,968 CMO 1,420,458 30,891 0 0 3 1,420,458 30,891 Other investments 491,606 4,394 0 0 2 491,606 4,394 Total $ 147,512,619 $ 1,629,983 $ 10,730,872 $ 293,002 144 $ 158,243,491 $ 1,922,985 The unrealized losses for all periods presented were principally attributable to changes in prevailing interest rates for similar types of securities and not deterioration in the creditworthiness of the issuer. Management evaluates its debt securities for OTTI at least on a quarterly basis, and more frequently when economic or market conditions, or adverse developments relating to the issuer, warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than the carrying value, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer's financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies or other adverse developments in the status of the securities have occurred, and the results of reviews of the issuer's financial condition. As of September 30, 2022 and December 31, 2021, there were no declines in the fair value of any of the securities reflected in the table above that were deemed by management to be OTTI.

Loans Allowance for Loan Losses

Loans Allowance for Loan Losses and Credit Quality	9 Months Ended
	Sep. 30, 2022
Loans Allowance for Loan Losses and Credit Quality
Loans Allowance For Loan Losses And Credit Quality	Note 5. Loans, Allowance for Loan Losses and Credit Quality The composition of net loans as of the balance sheet dates was as follows: September 30, December 31, 2022 2021 Commercial & industrial $ 121,224,062 $ 111,125,622 Purchased loans 8,078,281 9,807,848 Commercial real estate 324,327,160 300,958,931 Municipal 40,164,698 47,955,231 Residential real estate - 1st lien 192,566,579 181,316,345 Residential real estate - Jr lien 33,773,471 34,359,864 Consumer 4,059,750 4,464,692 Total loans 724,194,001 689,988,533 ALL (8,432,086 ) (7,710,256 ) Deferred net loan costs (fees) 466,602 (37,972 ) Net loans $ 716,228,517 $ 682,240,305 The following is an age analysis of past due loans (including non-accrual) as of the balance sheet dates, by portfolio segment: Non- 90 Days or 90 Days Total Accrual More and September 30, 2022 30-89 Days or More Past Due Current Total Loans Loans Accruing Commercial & industrial $ 1,335,118 $ 29,375 $ 1,364,493 $ 119,859,569 $ 121,224,062 $ 3,422,395 $ 0 Purchased loans 0 0 0 8,078,281 8,078,281 0 0 Commercial real estate 653,091 1,834,037 2,487,128 321,840,032 324,327,160 3,814,958 222,998 Municipal 0 0 0 40,164,698 40,164,698 0 0 Residential real estate - 1st lien 452,927 655,316 1,108,243 191,458,336 192,566,579 1,231,602 369,172 - Jr lien 291,722 152,160 443,882 33,329,589 33,773,471 133,776 152,160 Consumer 10,364 0 10,364 4,049,386 4,059,750 0 0 Totals $ 2,743,222 $ 2,670,888 $ 5,414,110 $ 718,779,891 $ 724,194,001 $ 8,602,731 $ 744,330 Non- 90 Days or 90 Days Total Accrual More and December 31, 2021 30-89 Days or More Past Due Current Total Loans Loans Accruing Commercial & industrial $ 833,875 $ 0 $ 833,875 $ 110,291,747 $ 111,125,622 $ 98,661 $ 0 Purchased loans 0 0 0 9,807,848 9,807,848 0 0 Commercial real estate 49,450 2,400,514 2,449,964 298,508,967 300,958,931 4,517,839 0 Municipal 0 0 0 47,955,231 47,955,231 0 0 Residential real estate - 1st lien 1,190,300 608,775 1,799,075 179,517,270 181,316,345 1,180,563 506,827 - Jr lien 51,837 86,476 138,313 34,221,551 34,359,864 143,566 86,476 Consumer 9,741 0 9,741 4,454,951 4,464,692 0 0 Totals $ 2,135,203 $ 3,095,765 $ 5,230,968 $ 684,757,565 $ 689,988,533 $ 5,940,629 $ 593,303 For all loan segments, loans over 30 days past due are considered delinquent. As of the balance sheet dates presented, loans in process of foreclosure consisted of the following residential mortgage loans: Number of loans Balance September 30, 2022 2 $ 151,645 December 31, 2021 5 195,082 Allowance for loan losses The ALL is established through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes that future payments of a loan balance are unlikely. Subsequent recoveries, if any, are credited to the allowance. Unsecured loans are charged off when they become uncollectible and no later than 120 days past due. Unsecured loans to customers who subsequently file bankruptcy are charged off within 30 days of receipt of the notification of filing or by the end of the month in which the loans become 120 days past due, whichever occurs first. For secured loans, both residential and commercial, the potential loss on impaired loans is carried as a loan loss reserve specific allocation; the loss portion is charged off when collection of the full loan appears unlikely. The unsecured portion of a real estate loan is that portion of the loan exceeding the "fair value" of the collateral less the estimated cost to sell. Value of the collateral is determined in accordance with the Company’s appraisal policy. The unsecured portion of an impaired real estate secured loan is charged off by the end of the month in which the loan becomes 180 days past due. As described below, the allowance consists of general, specific and unallocated components. However, the entire allowance is available to absorb losses in the loan portfolio, regardless of specific, general and unallocated components considered in determining the amount of the allowance. General component The general component of the ALL is based on historical loss experience and various qualitative factors and is stratified by the following loan segments: commercial and industrial, purchased loans, CRE, municipal, residential real estate 1st lien, residential real estate Jr lien and consumer loans. The Company does not disaggregate its portfolio segments further into classes. Loss ratios are calculated by loan segment using appropriate look back periods. Management uses an average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment in the current economic climate. During periods of economic stability, a relatively longer period (e.g., five years) may be appropriate. During periods of significant expansion or contraction, the Company may appropriately shorten the historical time period. Due primarily to the effects of COVID-19, during 2020 the Company shortened its look back period to one year, however, as of March 31, 2022, the look back period was changed to two years. Qualitative factors include the levels of and trends in delinquencies and non-performing loans, levels of and trends in loan risk groups, trends in volumes and terms of loans, effects of any changes in loan related policies, experience, ability and the depth of management, documentation and credit data exception levels, national and local economic trends, external factors such as competition and regulation and lastly, concentrations of credit risk in a variety of areas, including portfolio product mix, the level of loans to individual borrowers and their related interests, loans to industry segments, and the geographic distribution of CRE loans. This evaluation is inherently subjective as it requires estimates that are susceptible to revision as more information becomes available. The qualitative factors are determined based on the various risk characteristics of each loan segment. The Company has policies, procedures and internal controls that management believes are commensurate with the risk profile of each of these segments. Major risk characteristics relevant to each portfolio segment are as follows: Commercial & Industrial – Purchased Loans – Commercial Real Estate – Municipal – Residential Real Estate - 1 st Residential Real Estate – Jr Lien – Consumer – Specific component The specific component of the ALL relates to loans that are impaired. Impaired loans are loans to a borrower that in the aggregate are greater than $100,000 and that are in non-accrual status or are TDRs regardless of amount. A specific allowance is established for an impaired loan when its estimated fair value or net present value of future cash flows is less than the carrying value of the loan. For all loan segments, except consumer loans, a loan is considered impaired when, based on current information and events, in management’s estimation it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant or temporary payment delays and payment shortfalls generally are not classified as impaired. Management evaluates the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length and frequency of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis, by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Impaired loans also include troubled loans that are restructured. A TDR occurs when the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that would otherwise not be granted. TDRs may include the transfer of assets to the Company in partial satisfaction of a troubled loan, a modification of a loan’s terms, or a combination of the two. Under March 2020 guidance from the federal banking agencies and concurrence by the FASB, certain short-term loan accommodations made in good faith prior to January 1, 2022 for borrowers experiencing financial difficulties due to the COVID-19 health emergency are not considered TDRs. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer loans for impairment evaluation, unless such loans are subject to a restructuring agreement. Unallocated component An unallocated component of the ALL is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component reflects management’s estimate of the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. The tables below summarize changes in the ALL and select loan information, by portfolio segment, for the periods indicated. As of or for the three months ended September 30, 2022 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 1,107,248 $ 59,822 $ 4,808,324 $ 58,319 $ 1,845,508 $ 181,214 $ 41,556 $ 130,782 $ 8,232,773 Charge-offs (26,922 ) 0 0 0 0 0 (14,915 ) 0 (41,837 ) Recoveries 10,407 0 0 0 98,600 1,298 5,845 0 116,150 Provision (credit) 794 (3,274 ) 95,775 13,977 (130,711 ) 232 20,434 127,773 125,000 ALL ending balance $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 As of or for the nine months ended September 30, 2022 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 Charge-offs (47,500 ) 0 (667,474 ) 0 0 0 (35,706 ) 0 (750,680 ) Recoveries 12,862 0 0 0 111,163 3,728 19,757 0 147,510 Provision (credit) 255,773 (12,107 ) 1,419,813 (4,432 ) (63,658 ) (2,998 ) 13,171 (280,562 ) 1,325,000 ALL ending balance $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 ALL evaluated for impairment Individually $ 4,259 $ 0 $ 8,867 $ 0 $ 96,784 $ 4 $ 0 $ 0 $ 109,914 Collectively 1,087,268 56,548 4,895,232 72,296 1,716,613 182,740 52,920 258,555 8,322,172 Total $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 Loans evaluated for impairment Individually $ 3,408,207 $ 0 $ 3,812,657 $ 0 $ 3,670,995 $ 79,742 $ 0 $ 10,971,601 Collectively 117,815,855 8,078,281 320,514,503 40,164,698 188,895,584 33,693,729 4,059,750 713,222,400 Total $ 121,224,062 $ 8,078,281 $ 324,327,160 $ 40,164,698 $ 192,566,579 $ 33,773,471 $ 4,059,750 $ 724,194,001 As of or for the year ended December 31, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 778,287 $ 64,260 $ 3,854,153 $ 82,211 $ 1,735,304 $ 234,896 $ 60,461 $ 398,913 $ 7,208,485 Charge-offs (18,847 ) 0 (22,000 ) 0 (98,704 ) 0 (87,651 ) 0 (227,202 ) Recoveries 4,761 0 27,160 0 7,636 10,821 54,430 0 104,808 Provision (credit) 106,191 4,395 292,447 (5,483 ) 121,656 (63,703 ) 28,458 140,204 624,165 ALL ending balance $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 ALL evaluated for impairment Individually $ 0 $ 0 $ 0 $ 0 $ 79,978 $ 0 $ 0 $ 0 $ 79,978 Collectively 870,392 68,655 4,151,760 76,728 1,685,914 182,014 55,698 539,117 7,630,278 Total $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 Loans evaluated for impairment Individually $ 93,362 $ 0 $ 4,553,734 $ 0 $ 3,720,503 $ 88,563 $ 0 $ 8,456,162 Collectively 111,032,260 9,807,848 296,405,197 47,955,231 177,595,842 34,271,301 4,464,692 681,532,371 Total $ 111,125,622 $ 9,807,848 $ 300,958,931 $ 47,955,231 $ 181,316,345 $ 34,359,864 $ 4,464,692 $ 689,988,533 As of or for the three months ended September 30, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 823,737 $ 75,426 $ 3,932,846 $ 57,292 $ 1,655,042 $ 201,269 $ 61,224 $ 912,420 $ 7,719,256 Charge-offs 0 0 0 0 0 0 (30,638 ) 0 (30,638 ) Recoveries 0 0 20,162 0 2,275 8,641 10,444 0 41,522 Provision (credit) 6,485 (3,284 ) (56,471 ) 28,748 (10,532 ) (20,684 ) 37,843 107,062 89,167 ALL ending balance $ 830,222 $ 72,142 $ 3,896,537 $ 86,040 $ 1,646,785 $ 189,226 $ 78,873 $ 1,019,482 $ 7,819,307 As of or for the nine months ended September 30, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 778,287 $ 64,260 $ 3,854,153 $ 82,211 $ 1,735,304 $ 234,896 $ 60,461 $ 398,913 $ 7,208,485 Charge-offs (18,847 ) 0 0 0 0 0 (68,011 ) 0 (86,858 ) Recoveries 4,761 0 27,160 0 4,602 9,601 27,391 0 73,515 Provision (credit) 66,021 7,882 15,224 3,829 (93,121 ) (55,271 ) 59,032 620,569 624,165 ALL ending balance $ 830,222 $ 72,142 $ 3,896,537 $ 86,040 $ 1,646,785 $ 189,226 $ 78,873 $ 1,019,482 $ 7,819,307 Impaired loans, by portfolio segment, were as follows: As of September 30, 2022 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Commercial & industrial $ 954,098 $ 965,266 $ 4,259 Commercial real estate 249,709 252,806 8,867 Residential real estate 1st lien 1,172,194 1,192,445 96,784 Jr lien 2,532 2,529 4 Total with related allowance 2,378,533 2,413,046 109,914 No related allowance recorded Commercial & industrial 2,454,109 2,525,175 Commercial real estate 3,563,089 4,751,499 Residential real estate 1st lien 2,511,284 3,515,246 Jr lien 77,213 124,795 Total with no related allowance 8,605,695 10,916,715 Total impaired loans $ 10,984,228 $ 13,329,761 $ 109,914 (1) Recorded investment in impaired loans as of September 30, 2022 includes accrued interest receivable of $12,627. As of September 30, 2022 Three Months Ended Nine Months Ended Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Related allowance recorded Commercial & industrial $ 477,049 $ 0 $ 238,525 $ 0 Commercial real estate 124,854 0 62,427 0 Residential real estate 1st lien 1,031,145 31,349 969,497 58,306 Jr lien 1,266 147 633 247 Total with related allowance 1,634,314 31,496 1,271,082 58,553 No related allowance recorded Commercial & industrial 1,299,959 0 728,879 204 Commercial real estate 3,479,786 72,754 3,806,739 74,245 Residential real estate 1st lien 2,686,280 27,154 2,814,818 119,663 Jr lien 79,809 0 83,471 0 Total with no related allowance 7,545,834 99,908 7,433,907 194,112 Total impaired loans $ 9,180,148 $ 131,404 $ 8,704,989 $ 252,665 As of December 31, 2021 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Residential real estate 1st lien $ 702,586 $ 716,118 $ 79,978 Jr lien 0 0 0 Total with related allowance 702,586 716,118 79,978 No related allowance recorded Commercial & industrial 93,362 115,414 Commercial real estate 4,554,074 5,108,557 Residential real estate 1st lien 3,050,647 4,076,352 Jr lien 88,570 132,802 Total with no related allowance 7,786,653 9,433,125 Total impaired loans $ 8,489,239 $ 10,149,243 $ 79,978 (1) Recorded investment in impaired loans as of December 31, 2021 includes accrued interest receivable and deferred net loan costs of $33,077. As of September 30, 2021 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Residential real estate 1st lien $ 793,401 $ 804,655 $ 88,874 Jr lien 3,836 3,833 159 Total with related allowance 797,237 808,488 89,033 No related allowance recorded Commercial & industrial 140,098 161,331 Commercial real estate 3,711,470 4,210,006 Residential real estate 1st lien 3,094,255 3,991,516 Jr lien 130,551 176,460 Total with no related allowance 7,076,374 8,539,313 Total impaired loans $ 7,873,611 $ 9,347,801 $ 89,033 (1) Recorded investment in impaired loans as of September 30, 2021 includes accrued interest receivable and deferred net loan costs of $34,179. As of September 30, 2021 Three Months Ended Nine Months Ended Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Related allowance recorded Residential real estate 1st lien $ 785,752 $ 15,682 $ 897,008 $ 48,200 Jr lien 4,008 104 4,315 332 Total with related allowance 789,760 15,786 901,323 48,532 No related allowance recorded Commercial & industrial 261,153 0 339,386 204 Commercial real estate 2,795,979 74,162 2,295,473 78,462 Residential real estate 1st lien 3,253,698 43,926 3,402,302 155,005 Jr lien 133,148 0 133,861 0 Total with no related allowance 6,443,978 118,088 6,171,022 233,671 Total impaired loans $ 7,233,738 $ 133,874 $ 7,072,345 $ 282,203 For all loan segments, the accrual of interest is discontinued when a loan is specifically determined to be impaired or when the loan is delinquent 90 days and management believes, after considering collection efforts and other factors, that the borrower's financial condition is such that collection of interest is considered by management to be doubtful. Any unpaid interest previously accrued on those loans is reversed from income. Interest income is generally not recognized on specific impaired loans unless the likelihood of further loss is considered by management to be remote. Interest payments received on impaired loans are generally applied as a reduction of the loan principal balance. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and a satisfactory payment performance of six or more months has occurred. Credit Quality Grouping In developing the ALL, management uses credit quality groupings to help evaluate trends in credit quality. The Company groups credit risk into Groups A, B and C. The manner the Company utilizes to assign risk grouping is driven by loan purpose. Commercial purpose loans are individually risk graded while the retail portion of the portfolio is generally grouped by delinquency pool. Group A loans - Acceptable Risk Group B loans – Management Involved Group C loans – Unacceptable Risk Commercial purpose loan ratings are assigned by the commercial account officer; for larger and more complex commercial loans, the credit rating is a collaborative assignment by the lender and the credit analyst. The credit risk rating is based on the borrower's expected performance, i.e., the likelihood that the borrower will be able to service its obligations in accordance with the loan terms. Credit risk ratings are meant to measure risk versus simply record history. Assessment of expected future payment performance requires consideration of numerous factors. While past performance is part of the overall evaluation, expected performance is based on an analysis of the borrower's financial strength, and historical and projected factors such as size and financing alternatives, capacity and cash flow, balance sheet and income statement trends, the quality and timeliness of financial reporting, and the quality of the borrower’s management. Other factors influencing the credit risk rating to a lesser degree include collateral coverage and control, guarantor strength and commitment, documentation, structure and covenants and industry conditions. There are uncertainties inherent in this process. Credit risk ratings are dynamic and require updating whenever relevant information is received. Risk ratings are assessed on an ongoing basis and at various points, including at delinquency or at the time of other adverse events. For larger, more complex or adversely rated loans, risk ratings are also assessed at the time of annual or periodic review. Lenders are required to make immediate disclosure to the Senior Credit Officer of any known increase in loan risk, even if considered temporary in nature. The risk ratings within the loan portfolio, by segment, as of the balance sheet dates were as follows: As of September 30, 2022 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Total Group A $ 112,114,846 $ 8,078,281 $ 313,323,279 $ 40,164,698 $ 189,037,878 $ 33,534,308 $ 4,059,750 $ 700,313,040 Group B 6,156,202 0 2,896,559 0 0 0 0 9,052,761 Group C 2,953,014 0 8,107,322 0 3,528,701 239,163 0 14,828,200 Total $ 121,224,062 $ 8,078,281 $ 324,327,160 $ 40,164,698 $ 192,566,579 $ 33,773,471 $ 4,059,750 $ 724,194,001 As of December 31, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Total Group A $ 107,799,925 $ 9,807,848 $ 285,732,365 $ 47,955,231 $ 177,456,149 $ 34,166,076 $ 4,464,692 $ 667,382,286 Group B 693,084 0 6,550,335 0 0 0 0 7,243,419 Group C 2,632,613 0 8,676,231 0 3,860,196 193,788 0 15,362,828 Total $ 111,125,622 $ 9,807,848 $ 300,958,931 $ 47,955,231 $ 181,316,345 $ 34,359,864 $ 4,464,692 $ 689,988,533 Modifications of Loans and TDRs A loan is classified as a TDR if, for economic or legal reasons related to a borrower’s financial difficulties, the Company grants a concession to the borrower that it would not otherwise consider. The Company is deemed to have granted such a concession if it has modified a troubled loan in any of the following ways: · Reduced accrued interest; · Reduced the original contractual interest rate to a rate that is below the current market rate for the borrower; · Converted a variable-rate loan to a fixed-rate loan; · Extended the term of the loan beyond an insignificant delay; · Deferred or forgiven principal in an amount greater than three months of payments; · Performed a refinancing and deferred or forgiven principal on the original loan; · Capitalized protective advance to pay delinquent real estate taxes; or · Capitalized delinquent accrued interest. An insignificant delay or insignificant shortfall in the amount of payments typically would not require the loan to be accounted for as a TDR. However, pursuant to regulatory guidance, any payment delay longer than three months is generally not considered insignificant. Management’s assessment of whether a concession has been granted also takes into account payments expected to be received from third parties, including third-party guarantors, provided that the third party has the ability to perform on the guarantee. The Company’s TDRs are principally a result of extending loan repayment terms to relieve cash flow difficulties. The Company has only, on a limited basis, reduced interest rates for borrowers below the current market rate for the borrower. The Company has not forgiven principal or reduced accrued interest within the terms of original restructurings, nor has it converted variable rate terms to fixed rate terms. However, the Company evaluates each TDR situation on its own merits and does not foreclose the granting of any particular type of concession. The Company has adopted the TDR guidance issued by the federal banking agencies in March and April 2020 regarding the treatment of certain short-term loan modifications relating to the COVID-19 pandemic. Under this guidance, qualifying concessions and modifications are not considered TDRs. In total, throughout the pandemic, the Company granted short term loan concessions and/or modifications within the terms of this guidance to 595 borrowers. Of those loans, 322 remained on the books with an aggregate principal balance of $89.6 million as of September 30, 2022. None of these loans were in a deferral status as of September 30, 2022; however these loans may bear a higher risk of default in future periods. There were no new TDRs for the three months ended September 30, 2022. New TDRs, by portfolio segment, during the periods presented below were as follows: Nine months ended September 30, 2022 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Residential real estate - 1st lien 1 $ 292,592 $ 292,592 Year ended December 31, 2021 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Commercial & industrial 1 $ 41,751 $ 41,751 Commercial real estate 2 3,153,402 3,153,402 Residential real estate – 1st lien 1 67,007 67,007 4 $ 3,262,160 $ 3,262,160 Three months ended September 30, 2021 Nine months ended September 30, 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Commercial & industrial 0 $ 0 $ 0 1 $ 41,751 $ 41,751 Commercial real estate 1 2,250,000 2,250,000 1 2,250,000 2,250,000 1 $ 2,250,000 $ 2,250,000 2 $ 2,291,751 $ 2,291,751 The TDRs for which there was a payment default during the twelve month periods presented below were as follows: For the twelve months ended September 30, 2022 Number of Recorded Contracts Investment Commercial real estate 1 $ 818,570 For the twelve months ended December 31, 2021 Number of Recorded Contracts Investment Commercial & industrial 1 $ 38,001 Commercial real estate 2 3,081,810 3 $ 3,119,811 For the twelve months ended September 30, 2021 Number of Recorded Contracts Investment Commercial & industrial 1 $ 38,751 TDRs are treated as other impaired loans and carry individual specific reserves with respect to the calculation of the ALL. These loans are categorized as non-performing, may be past due, and are generally adversely risk rated. The TDRs that have defaulted under their restructured terms are generally in collection status and their reserve is typically calculated using the fair value of collateral method. The specific allowances within the ALL related to TDRs as of the balance sheet dates are presented in the table below. September 30, December 31, 2022 2021 Specific Allocation $ 96,788 $ 79,978 As of the balance sheet dates, the Company evaluates whether it is contractually committed to lend additional funds to debtors with impaired, non-accrual or modified loans. The Company is contractually committed to lend on one SBA guaranteed line of credit to a borrower whose lending relationship was previously restructured.

Goodwill And Other Intangible A

Goodwill And Other Intangible Assets	9 Months Ended
	Sep. 30, 2022
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets	Note 6. Goodwill and Other Intangible Assets As a result of a merger with LyndonBank on December 31, 2007, the Company recorded goodwill amounting to $11,574,269. The goodwill is not amortizable and is not deductible for tax purposes. As of December 31, 2021, the most recent evaluation, management concluded that no impairment existed. Management evaluates its goodwill intangible for impairment at least annually, or more frequently as circumstances warrant.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2022
Fair Value
Fair Value	Note 7. Fair Value Certain assets and liabilities are recorded at fair value to provide additional insight into the Company’s quality of earnings and comprehensive income. The fair values of some of these assets and liabilities are measured on a recurring basis while others are measured on a non-recurring basis, with the determination based upon applicable existing accounting pronouncements. For example, securities available-for-sale are recorded at fair value on a recurring basis. Other assets, such as MSRs, loans held-for-sale, impaired loans, and OREO are recorded at fair value on a non-recurring basis using the lower of cost or market methodology to determine impairment of individual assets. The Company groups assets and liabilities which are recorded at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. The level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement (with Level 1 considered highest and Level 3 considered lowest). A brief description of each level follows. Level 1 Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an active exchange market, as well as U.S. Treasury and other U.S. Government debt securities that are highly liquid and are actively traded in over-the-counter markets. Level 2 Observable inputs other than Level 1 prices such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes MSRs, collateral-dependent impaired loans and OREO. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. The following methods and assumptions were used by the Company in estimating its fair value measurements: Debt Securities AFS: Impaired loans: Loans held-for-sale: MSRs: Assets and Liabilities Recorded at Fair Value on a Recurring Basis Assets measured at fair value on a recurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy, are summarized below. There were no Level 3 assets or liabilities measured on a recurring basis as of the balance sheet dates presented, nor were there any transfers of assets between Levels during either 2022 or 2021. September 30, December 31, Assets: (market approach) 2022 2021 Level 1 U.S. Government securities $ 38,003,795 $ 32,041,041 Level 2 U.S. GSE debt securities $ 10,357,310 $ 11,828,498 Taxable Municipal securities 237,251 298,733 Tax-Exempt Municipal securities 10,336,814 831,379 Agency MBS 113,885,042 127,132,521 ABS and OAS 2,683,288 2,214,024 CMO 8,330,913 1,420,458 Other investments 3,392,907 6,575,805 Level 2 Total $ 149,223,525 $ 150,301,418 Grand Total $ 187,227,320 $ 182,342,459 Assets and Liabilities Recorded at Fair Value on a Non-Recurring Basis The following table includes assets measured at fair value on a non-recurring basis that have had a fair value adjustment since their initial recognition. Impaired loans measured at fair value only include impaired loans with a partial write-down or with a related specific ALL and are presented net of the specific allowances as disclosed in Note 5. Assets measured at fair value on a non-recurring basis and reflected in the consolidated balance sheets at the dates presented, segregated by fair value hierarchy level, are summarized below. There were no Level 1 or Level 3 assets or liabilities measured on a non-recurring basis as of the balance sheet dates presented, nor were there any transfers of assets between levels during either 2022 or 2021. September 30, December 31, Level 2 2022 2021 Assets: (market approach) Impaired loans, net of related allowance $ 1,706,713 $ 177,523 Loans held-for-sale 130,000 339,000 MSRs (1) 880,636 897,720 (1) Represents MSRs at lower of cost or fair value. FASB ASC Topic 825, “Financial Instruments”, requires disclosures of fair value information about financial instruments, whether or not recognized in the balance sheet, if the fair values can be reasonably determined. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques using observable inputs when available. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Topic 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The estimated fair values of commitments to extend credit and letters of credit were immaterial as of the dates presented in the tables below. The estimated fair values of the Company's financial instruments as of the balance sheet dates were as follows: September 30, 2022 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 73,902 $ 73,902 $ 0 $ 0 $ 73,902 Debt securities AFS 187,227 38,004 149,224 0 187,228 Restricted equity securities 1,391 0 1,391 0 1,391 Loans and loans held-for-sale, net of ALL Commercial & industrial 120,042 0 30 118,839 118,869 Purchased loans 8,019 0 0 7,793 7,793 Commercial real estate 319,267 0 1,611 309,336 310,947 Municipal 40,078 0 0 40,847 40,847 Residential real estate - 1st lien 191,369 0 66 177,558 177,624 Residential real estate - Jr lien 33,578 0 0 33,348 33,348 Consumer 4,006 0 0 4,005 4,005 MSRs (1) 881 0 1,295 0 1,295 Accrued interest receivable 2,710 0 2,710 0 2,710 Financial liabilities: Deposits Other deposits 902,792 0 898,813 0 898,813 Brokered deposits 249 0 224 0 224 Long-term borrowings 1,300 0 1,031 0 1,031 Repurchase agreements 32,255 0 32,255 0 32,255 Operating lease obligations 710 0 710 0 710 Finance lease obligations 3,699 0 3,699 0 3,699 Subordinated debentures 12,887 0 12,757 0 12,757 Accrued interest payable 33 0 33 0 33 (1) Reported fair value represents all MSRs for loans serviced by the Company, regardless of carrying amount. December 31, 2021 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 110,359 $ 110,359 $ 0 $ 0 $ 110,359 Debt securities AFS 182,342 32,041 150,301 0 182,342 Restricted equity securities 1,434 0 1,434 0 1,434 Loans and loans held-for-sale, net of ALL Commercial & industrial 109,574 0 0 110,284 110,284 Purchased loans 9,808 0 0 9,862 9,862 Commercial real estate 296,528 0 29 297,339 297,368 Municipal 47,841 0 0 49,419 49,419 Residential real estate - 1st lien 180,271 0 149 180,302 180,451 Residential real estate - Jr lien 34,151 0 0 34,189 34,189 Consumer 4,406 0 0 4,436 4,436 MSRs (1) 898 0 995 0 995 Accrued interest receivable 2,401 0 2,401 0 2,401 Financial liabilities: Deposits Other deposits 879,151 0 879,545 0 879,545 Brokered deposits 249 0 246 0 246 Long-term borrowings 1,300 0 1,179 0 1,179 Repurchase agreements 32,610 0 32,610 0 32,610 Operating lease obligations 864 0 864 0 864 Finance lease obligations 3,858 0 3,858 0 3,858 Subordinated debentures 12,887 0 12,868 0 12,868 Accrued interest payable 59 0 59 0 59 (1) Reported fair value represents all MSRs for loans serviced by the Company, regardless of carrying amount.

Loan Servicing

Loan Servicing	9 Months Ended
	Sep. 30, 2022
Loan Servicing
Loan Servicing	Note 8. Loan Servicing The following table shows the changes in the carrying amount of the MSRs, included in other assets in the consolidated balance sheets, for the periods indicated: Nine Months Ended Year Ended September 30, 2022 December 31, 2021 Balance at beginning of year $ 897,720 $ 922,146 MSRs capitalized 99,014 147,328 MSRs amortized (116,098 ) (225,404 ) Change in valuation allowance 0 53,650 Balance at end of period $ 880,636 $ 897,720

Legal Proceedings

Legal Proceedings	9 Months Ended
	Sep. 30, 2022
Legal Proceedings
Legal Proceedings	Note 9. Legal Proceedings In the normal course of business, the Company is involved in litigation that is considered incidental to its business. Management does not expect that any such litigation will be material to the Company's consolidated financial condition or results of operations.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events
Subsequent Events	Note 10. Subsequent Events The Company has evaluated events and transactions through the date that the financial statements were issued for potential recognition or disclosure in these financial statements, as required by GAAP. On September 7, 2022, the Company’s Board declared a cash dividend of $0.23 per common share, payable November 1, 2022 to shareholders of record as of October 15, 2022. This dividend has been recorded in the Company’s consolidated financial statements as of the declaration date, including shares issuable under the DRIP.

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings per Common Share
Schedule Of Earnings Per Common Share	Three Months Ended September 30, 2022 2021 Net income, as reported $ 3,610,506 $ 3,699,202 Less: dividends to preferred shareholders 17,813 12,188 Net income available to common shareholders $ 3,592,693 $ 3,687,014 Weighted average number of common shares used in calculating earnings per share 5,409,612 5,354,187 Earnings per common share $ 0.66 $ 0.69 Nine Months Ended September 30, 2022 2021 Net income, as reported $ 9,037,200 $ 9,771,309 Less: dividends to preferred shareholders 43,125 36,563 Net income available to common shareholders $ 8,994,075 $ 9,734,746 Weighted average number of common shares used in calculating earnings per share 5,396,215 5,338,481 Earnings per common share $ 1.67 $ 1.82

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2022
Investment Securities
Schedule Of Available For Debt Securities	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value September 30, 2022 U.S. GSE debt securities $ 12,000,000 $ 0 $ 1,642,690 $ 10,357,310 U.S. Government securities 41,409,349 0 3,405,554 38,003,795 Taxable Municipal securities 300,000 0 62,749 237,251 Tax-Exempt Municipal securities 11,695,449 0 1,358,635 10,336,814 Agency MBS 135,295,287 13,719 21,423,964 113,885,042 ABS and OAS 2,929,176 0 245,888 2,683,288 CMO 8,690,193 0 359,280 8,330,913 Other investments 3,464,000 0 71,093 3,392,907 Total $ 215,783,454 $ 13,719 $ 28,569,853 $ 187,227,320 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value December 31, 2021 U.S. GSE debt securities $ 12,001,978 $ 36,024 $ 209,504 $ 11,828,498 U.S. Government securities 32,374,935 0 333,894 32,041,041 Taxable Municipal securities 300,000 0 1,267 298,733 Tax-Exempt Municipal securities 830,279 1,167 67 831,379 Agency MBS 128,291,487 184,002 1,342,968 127,132,521 ABS and OAS 2,131,610 82,414 0 2,214,024 CMO 1,451,349 0 30,891 1,420,458 Other investments 6,438,000 142,199 4,394 6,575,805 Total $ 183,819,638 $ 445,806 $ 1,922,985 $ 182,342,459
Schedule Of Investments Pledged For Collateral	Amortized Fair Cost Value September 30, 2022 $ 57,108,669 $ 47,466,870 December 31, 2021 63,045,599 62,256,702
Schedule Of Maturities Of Debt Securities Available For Sale	Amortized Fair Cost Value September 30, 2022 Due in one year or less $ 1,730,000 $ 1,725,887 Due from one to five years 53,992,787 49,890,108 Due from five to ten years 10,409,071 9,091,245 Due after ten years 14,356,309 12,635,038 Agency MBS 135,295,287 113,885,042 Total $ 215,783,454 $ 187,227,320 December 31, 2021 Due in one year or less $ 3,470,000 $ 3,508,582 Due from one to five years 36,860,731 36,619,130 Due from five to ten years 13,065,163 12,942,726 Due after ten years 2,132,257 2,139,500 Agency MBS 128,291,487 127,132,521 Total $ 183,819,638 $ 182,342,459
Schedule Of Unrealized Loss	Less than 12 months 12 months or more Totals Fair Unrealized Fair Unrealized Number of Fair Unrealized Value Loss Value Loss Securities Value Loss September 30, 2022 U.S. GSE debt securities $ 5,304,930 $ 695,070 $ 5,052,380 $ 947,620 11 $ 10,357,310 $ 1,642,690 U.S. Government securities 25,893,729 1,886,208 12,110,066 1,519,346 54 38,003,795 3,405,554 Taxable Municipal securities 237,251 62,749 0 0 1 237,251 62,749 Tax-Exempt Municipal securities 10,336,814 1,358,635 0 0 22 10,336,814 1,358,635 Agency MBS 53,405,680 8,835,995 58,983,039 12,587,969 119 112,388,719 21,423,964 ABS and OAS 2,683,288 245,888 0 0 4 2,683,288 245,888 CMO 7,572,585 276,853 758,328 82,427 8 8,330,913 359,280 Other investments 3,173,963 42,037 218,944 29,056 14 3,392,907 71,093 Total $ 108,608,240 $ 13,403,435 $ 77,122,757 $ 15,166,418 233 $ 185,730,997 $ 28,569,853 Less than 12 months 12 months or more Totals Fair Unrealized Fair Unrealized Number of Fair Unrealized Value Loss Value Loss Securities Value Loss December 31, 2021 U.S. GSE debt securities $ 5,869,117 $ 130,883 $ 1,921,379 $ 78,621 7 $ 7,790,496 $ 209,504 U.S. Government securities 32,041,041 333,894 0 0 46 32,041,041 333,894 Taxable Municipal securities 298,733 1,267 0 0 1 298,733 1,267 Tax-Exempt Municipal securities 330,212 67 0 0 1 330,212 67 Agency MBS 107,061,452 1,128,587 8,809,493 214,381 84 115,870,945 1,342,968 CMO 1,420,458 30,891 0 0 3 1,420,458 30,891 Other investments 491,606 4,394 0 0 2 491,606 4,394 Total $ 147,512,619 $ 1,629,983 $ 10,730,872 $ 293,002 144 $ 158,243,491 $ 1,922,985

Loans Allowance for Loan Loss_2

Loans Allowance for Loan Losses and Credit Quality (Tables)	9 Months Ended
	Sep. 30, 2022
Loans Allowance for Loan Losses and Credit Quality
Schedule Of Composition Of Net Loans	September 30, December 31, 2022 2021 Commercial & industrial $ 121,224,062 $ 111,125,622 Purchased loans 8,078,281 9,807,848 Commercial real estate 324,327,160 300,958,931 Municipal 40,164,698 47,955,231 Residential real estate - 1st lien 192,566,579 181,316,345 Residential real estate - Jr lien 33,773,471 34,359,864 Consumer 4,059,750 4,464,692 Total loans 724,194,001 689,988,533 ALL (8,432,086 ) (7,710,256 ) Deferred net loan costs (fees) 466,602 (37,972 ) Net loans $ 716,228,517 $ 682,240,305
Schedule Of Past Due Loans By Segment	Non- 90 Days or 90 Days Total Accrual More and September 30, 2022 30-89 Days or More Past Due Current Total Loans Loans Accruing Commercial & industrial $ 1,335,118 $ 29,375 $ 1,364,493 $ 119,859,569 $ 121,224,062 $ 3,422,395 $ 0 Purchased loans 0 0 0 8,078,281 8,078,281 0 0 Commercial real estate 653,091 1,834,037 2,487,128 321,840,032 324,327,160 3,814,958 222,998 Municipal 0 0 0 40,164,698 40,164,698 0 0 Residential real estate - 1st lien 452,927 655,316 1,108,243 191,458,336 192,566,579 1,231,602 369,172 - Jr lien 291,722 152,160 443,882 33,329,589 33,773,471 133,776 152,160 Consumer 10,364 0 10,364 4,049,386 4,059,750 0 0 Totals $ 2,743,222 $ 2,670,888 $ 5,414,110 $ 718,779,891 $ 724,194,001 $ 8,602,731 $ 744,330 Non- 90 Days or 90 Days Total Accrual More and December 31, 2021 30-89 Days or More Past Due Current Total Loans Loans Accruing Commercial & industrial $ 833,875 $ 0 $ 833,875 $ 110,291,747 $ 111,125,622 $ 98,661 $ 0 Purchased loans 0 0 0 9,807,848 9,807,848 0 0 Commercial real estate 49,450 2,400,514 2,449,964 298,508,967 300,958,931 4,517,839 0 Municipal 0 0 0 47,955,231 47,955,231 0 0 Residential real estate - 1st lien 1,190,300 608,775 1,799,075 179,517,270 181,316,345 1,180,563 506,827 - Jr lien 51,837 86,476 138,313 34,221,551 34,359,864 143,566 86,476 Consumer 9,741 0 9,741 4,454,951 4,464,692 0 0 Totals $ 2,135,203 $ 3,095,765 $ 5,230,968 $ 684,757,565 $ 689,988,533 $ 5,940,629 $ 593,303
Residential Mortgage Loans In Process Of Foreclosure	Number of loans Balance September 30, 2022 2 $ 151,645 December 31, 2021 5 195,082
Changes In Allowances For Loan Losses	Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 1,107,248 $ 59,822 $ 4,808,324 $ 58,319 $ 1,845,508 $ 181,214 $ 41,556 $ 130,782 $ 8,232,773 Charge-offs (26,922 ) 0 0 0 0 0 (14,915 ) 0 (41,837 ) Recoveries 10,407 0 0 0 98,600 1,298 5,845 0 116,150 Provision (credit) 794 (3,274 ) 95,775 13,977 (130,711 ) 232 20,434 127,773 125,000 ALL ending balance $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 As of or for the nine months ended September 30, 2022 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 Charge-offs (47,500 ) 0 (667,474 ) 0 0 0 (35,706 ) 0 (750,680 ) Recoveries 12,862 0 0 0 111,163 3,728 19,757 0 147,510 Provision (credit) 255,773 (12,107 ) 1,419,813 (4,432 ) (63,658 ) (2,998 ) 13,171 (280,562 ) 1,325,000 ALL ending balance $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 ALL evaluated for impairment Individually $ 4,259 $ 0 $ 8,867 $ 0 $ 96,784 $ 4 $ 0 $ 0 $ 109,914 Collectively 1,087,268 56,548 4,895,232 72,296 1,716,613 182,740 52,920 258,555 8,322,172 Total $ 1,091,527 $ 56,548 $ 4,904,099 $ 72,296 $ 1,813,397 $ 182,744 $ 52,920 $ 258,555 $ 8,432,086 Loans evaluated for impairment Individually $ 3,408,207 $ 0 $ 3,812,657 $ 0 $ 3,670,995 $ 79,742 $ 0 $ 10,971,601 Collectively 117,815,855 8,078,281 320,514,503 40,164,698 188,895,584 33,693,729 4,059,750 713,222,400 Total $ 121,224,062 $ 8,078,281 $ 324,327,160 $ 40,164,698 $ 192,566,579 $ 33,773,471 $ 4,059,750 $ 724,194,001 As of or for the year ended December 31, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 778,287 $ 64,260 $ 3,854,153 $ 82,211 $ 1,735,304 $ 234,896 $ 60,461 $ 398,913 $ 7,208,485 Charge-offs (18,847 ) 0 (22,000 ) 0 (98,704 ) 0 (87,651 ) 0 (227,202 ) Recoveries 4,761 0 27,160 0 7,636 10,821 54,430 0 104,808 Provision (credit) 106,191 4,395 292,447 (5,483 ) 121,656 (63,703 ) 28,458 140,204 624,165 ALL ending balance $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 ALL evaluated for impairment Individually $ 0 $ 0 $ 0 $ 0 $ 79,978 $ 0 $ 0 $ 0 $ 79,978 Collectively 870,392 68,655 4,151,760 76,728 1,685,914 182,014 55,698 539,117 7,630,278 Total $ 870,392 $ 68,655 $ 4,151,760 $ 76,728 $ 1,765,892 $ 182,014 $ 55,698 $ 539,117 $ 7,710,256 Loans evaluated for impairment Individually $ 93,362 $ 0 $ 4,553,734 $ 0 $ 3,720,503 $ 88,563 $ 0 $ 8,456,162 Collectively 111,032,260 9,807,848 296,405,197 47,955,231 177,595,842 34,271,301 4,464,692 681,532,371 Total $ 111,125,622 $ 9,807,848 $ 300,958,931 $ 47,955,231 $ 181,316,345 $ 34,359,864 $ 4,464,692 $ 689,988,533 As of or for the three months ended September 30, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 823,737 $ 75,426 $ 3,932,846 $ 57,292 $ 1,655,042 $ 201,269 $ 61,224 $ 912,420 $ 7,719,256 Charge-offs 0 0 0 0 0 0 (30,638 ) 0 (30,638 ) Recoveries 0 0 20,162 0 2,275 8,641 10,444 0 41,522 Provision (credit) 6,485 (3,284 ) (56,471 ) 28,748 (10,532 ) (20,684 ) 37,843 107,062 89,167 ALL ending balance $ 830,222 $ 72,142 $ 3,896,537 $ 86,040 $ 1,646,785 $ 189,226 $ 78,873 $ 1,019,482 $ 7,819,307 As of or for the nine months ended September 30, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Unallocated Total ALL beginning balance $ 778,287 $ 64,260 $ 3,854,153 $ 82,211 $ 1,735,304 $ 234,896 $ 60,461 $ 398,913 $ 7,208,485 Charge-offs (18,847 ) 0 0 0 0 0 (68,011 ) 0 (86,858 ) Recoveries 4,761 0 27,160 0 4,602 9,601 27,391 0 73,515 Provision (credit) 66,021 7,882 15,224 3,829 (93,121 ) (55,271 ) 59,032 620,569 624,165 ALL ending balance $ 830,222 $ 72,142 $ 3,896,537 $ 86,040 $ 1,646,785 $ 189,226 $ 78,873 $ 1,019,482 $ 7,819,307
Impaired Loans By Portfolio Segment	As of September 30, 2022 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Commercial & industrial $ 954,098 $ 965,266 $ 4,259 Commercial real estate 249,709 252,806 8,867 Residential real estate 1st lien 1,172,194 1,192,445 96,784 Jr lien 2,532 2,529 4 Total with related allowance 2,378,533 2,413,046 109,914 No related allowance recorded Commercial & industrial 2,454,109 2,525,175 Commercial real estate 3,563,089 4,751,499 Residential real estate 1st lien 2,511,284 3,515,246 Jr lien 77,213 124,795 Total with no related allowance 8,605,695 10,916,715 Total impaired loans $ 10,984,228 $ 13,329,761 $ 109,914 As of September 30, 2022 Three Months Ended Nine Months Ended Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Related allowance recorded Commercial & industrial $ 477,049 $ 0 $ 238,525 $ 0 Commercial real estate 124,854 0 62,427 0 Residential real estate 1st lien 1,031,145 31,349 969,497 58,306 Jr lien 1,266 147 633 247 Total with related allowance 1,634,314 31,496 1,271,082 58,553 No related allowance recorded Commercial & industrial 1,299,959 0 728,879 204 Commercial real estate 3,479,786 72,754 3,806,739 74,245 Residential real estate 1st lien 2,686,280 27,154 2,814,818 119,663 Jr lien 79,809 0 83,471 0 Total with no related allowance 7,545,834 99,908 7,433,907 194,112 Total impaired loans $ 9,180,148 $ 131,404 $ 8,704,989 $ 252,665 As of December 31, 2021 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Residential real estate 1st lien $ 702,586 $ 716,118 $ 79,978 Jr lien 0 0 0 Total with related allowance 702,586 716,118 79,978 No related allowance recorded Commercial & industrial 93,362 115,414 Commercial real estate 4,554,074 5,108,557 Residential real estate 1st lien 3,050,647 4,076,352 Jr lien 88,570 132,802 Total with no related allowance 7,786,653 9,433,125 Total impaired loans $ 8,489,239 $ 10,149,243 $ 79,978 As of September 30, 2021 Unpaid Recorded Principal Related Investment(1) Balance Allowance Related allowance recorded Residential real estate 1st lien $ 793,401 $ 804,655 $ 88,874 Jr lien 3,836 3,833 159 Total with related allowance 797,237 808,488 89,033 No related allowance recorded Commercial & industrial 140,098 161,331 Commercial real estate 3,711,470 4,210,006 Residential real estate 1st lien 3,094,255 3,991,516 Jr lien 130,551 176,460 Total with no related allowance 7,076,374 8,539,313 Total impaired loans $ 7,873,611 $ 9,347,801 $ 89,033 As of September 30, 2021 Three Months Ended Nine Months Ended Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized Related allowance recorded Residential real estate 1st lien $ 785,752 $ 15,682 $ 897,008 $ 48,200 Jr lien 4,008 104 4,315 332 Total with related allowance 789,760 15,786 901,323 48,532 No related allowance recorded Commercial & industrial 261,153 0 339,386 204 Commercial real estate 2,795,979 74,162 2,295,473 78,462 Residential real estate 1st lien 3,253,698 43,926 3,402,302 155,005 Jr lien 133,148 0 133,861 0 Total with no related allowance 6,443,978 118,088 6,171,022 233,671 Total impaired loans $ 7,233,738 $ 133,874 $ 7,072,345 $ 282,203
Risk Ratings Portfolio Segment	As of September 30, 2022 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Total Group A $ 112,114,846 $ 8,078,281 $ 313,323,279 $ 40,164,698 $ 189,037,878 $ 33,534,308 $ 4,059,750 $ 700,313,040 Group B 6,156,202 0 2,896,559 0 0 0 0 9,052,761 Group C 2,953,014 0 8,107,322 0 3,528,701 239,163 0 14,828,200 Total $ 121,224,062 $ 8,078,281 $ 324,327,160 $ 40,164,698 $ 192,566,579 $ 33,773,471 $ 4,059,750 $ 724,194,001 As of December 31, 2021 Residential Residential Commercial Purchased Commercial Real Estate Real Estate & Industrial Loans Real Estate Municipal 1st Lien Jr Lien Consumer Total Group A $ 107,799,925 $ 9,807,848 $ 285,732,365 $ 47,955,231 $ 177,456,149 $ 34,166,076 $ 4,464,692 $ 667,382,286 Group B 693,084 0 6,550,335 0 0 0 0 7,243,419 Group C 2,632,613 0 8,676,231 0 3,860,196 193,788 0 15,362,828 Total $ 111,125,622 $ 9,807,848 $ 300,958,931 $ 47,955,231 $ 181,316,345 $ 34,359,864 $ 4,464,692 $ 689,988,533
Loans Modified As Tdrs By Portfolio Segment	Nine months ended September 30, 2022 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Residential real estate - 1st lien 1 $ 292,592 $ 292,592 Year ended December 31, 2021 Pre- Post- Modification Modification Outstanding Outstanding Number of Recorded Recorded Contracts Investment Investment Commercial & industrial 1 $ 41,751 $ 41,751 Commercial real estate 2 3,153,402 3,153,402 Residential real estate – 1st lien 1 67,007 67,007 4 $ 3,262,160 $ 3,262,160 Three months ended September 30, 2021 Nine months ended September 30, 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Outstanding Outstanding Outstanding Outstanding Number of Recorded Recorded Number of Recorded Recorded Contracts Investment Investment Contracts Investment Investment Commercial & industrial 0 $ 0 $ 0 1 $ 41,751 $ 41,751 Commercial real estate 1 2,250,000 2,250,000 1 2,250,000 2,250,000 1 $ 2,250,000 $ 2,250,000 2 $ 2,291,751 $ 2,291,751
Tdrs Payment Default	For the twelve months ended September 30, 2022 Number of Recorded Contracts Investment Commercial real estate 1 $ 818,570 For the twelve months ended December 31, 2021 Number of Recorded Contracts Investment Commercial & industrial 1 $ 38,001 Commercial real estate 2 3,081,810 3 $ 3,119,811 For the twelve months ended September 30, 2021 Number of Recorded Contracts Investment Commercial & industrial 1 $ 38,751
Specific Allowances	September 30, December 31, 2022 2021 Specific Allocation $ 96,788 $ 79,978

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2022
Fair Value
Schedule Of Fair Value Assets And Liabilities On Recurring Basis	September 30, December 31, Assets: (market approach) 2022 2021 Level 1 U.S. Government securities $ 38,003,795 $ 32,041,041 Level 2 U.S. GSE debt securities $ 10,357,310 $ 11,828,498 Taxable Municipal securities 237,251 298,733 Tax-Exempt Municipal securities 10,336,814 831,379 Agency MBS 113,885,042 127,132,521 ABS and OAS 2,683,288 2,214,024 CMO 8,330,913 1,420,458 Other investments 3,392,907 6,575,805 Level 2 Total $ 149,223,525 $ 150,301,418 Grand Total $ 187,227,320 $ 182,342,459
Schedule Of Fair Value Assets And Liabilities Non-recurring Basis	September 30, December 31, Level 2 2022 2021 Assets: (market approach) Impaired loans, net of related allowance $ 1,706,713 $ 177,523 Loans held-for-sale 130,000 339,000 MSRs (1) 880,636 897,720
Schedule Of Estimated Fair Values Of Financial Instruments	September 30, 2022 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 73,902 $ 73,902 $ 0 $ 0 $ 73,902 Debt securities AFS 187,227 38,004 149,224 0 187,228 Restricted equity securities 1,391 0 1,391 0 1,391 Loans and loans held-for-sale, net of ALL Commercial & industrial 120,042 0 30 118,839 118,869 Purchased loans 8,019 0 0 7,793 7,793 Commercial real estate 319,267 0 1,611 309,336 310,947 Municipal 40,078 0 0 40,847 40,847 Residential real estate - 1st lien 191,369 0 66 177,558 177,624 Residential real estate - Jr lien 33,578 0 0 33,348 33,348 Consumer 4,006 0 0 4,005 4,005 MSRs (1) 881 0 1,295 0 1,295 Accrued interest receivable 2,710 0 2,710 0 2,710 Financial liabilities: Deposits Other deposits 902,792 0 898,813 0 898,813 Brokered deposits 249 0 224 0 224 Long-term borrowings 1,300 0 1,031 0 1,031 Repurchase agreements 32,255 0 32,255 0 32,255 Operating lease obligations 710 0 710 0 710 Finance lease obligations 3,699 0 3,699 0 3,699 Subordinated debentures 12,887 0 12,757 0 12,757 Accrued interest payable 33 0 33 0 33 December 31, 2021 Fair Fair Fair Fair Carrying Value Value Value Value Amount Level 1 Level 2 Level 3 Total (Dollars in Thousands) Financial assets: Cash and cash equivalents $ 110,359 $ 110,359 $ 0 $ 0 $ 110,359 Debt securities AFS 182,342 32,041 150,301 0 182,342 Restricted equity securities 1,434 0 1,434 0 1,434 Loans and loans held-for-sale, net of ALL Commercial & industrial 109,574 0 0 110,284 110,284 Purchased loans 9,808 0 0 9,862 9,862 Commercial real estate 296,528 0 29 297,339 297,368 Municipal 47,841 0 0 49,419 49,419 Residential real estate - 1st lien 180,271 0 149 180,302 180,451 Residential real estate - Jr lien 34,151 0 0 34,189 34,189 Consumer 4,406 0 0 4,436 4,436 MSRs (1) 898 0 995 0 995 Accrued interest receivable 2,401 0 2,401 0 2,401 Financial liabilities: Deposits Other deposits 879,151 0 879,545 0 879,545 Brokered deposits 249 0 246 0 246 Long-term borrowings 1,300 0 1,179 0 1,179 Repurchase agreements 32,610 0 32,610 0 32,610 Operating lease obligations 864 0 864 0 864 Finance lease obligations 3,858 0 3,858 0 3,858 Subordinated debentures 12,887 0 12,868 0 12,868 Accrued interest payable 59 0 59 0 59

Loan Servicing (Tables)

Loan Servicing (Tables)	9 Months Ended
	Sep. 30, 2022
Loan Servicing (Tables)
Schedule Of Mortgage Servicing Rights	Nine Months Ended Year Ended September 30, 2022 December 31, 2021 Balance at beginning of year $ 897,720 $ 922,146 MSRs capitalized 99,014 147,328 MSRs amortized (116,098 ) (225,404 ) Change in valuation allowance 0 53,650 Balance at end of period $ 880,636 $ 897,720

Earnings per Common Share (Deta

Earnings per Common Share (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings per Common Share
Net income	$ 3,610,506	$ 3,021,152	$ 2,405,542	$ 3,699,202	$ 3,046,406	$ 3,025,701	$ 9,037,200	$ 9,771,309
Less: Dividends To Preferred Shareholders	17,813	$ 13,124	$ 12,188	12,188	$ 12,187	$ 12,188	43,125	36,563
Net Income Available To Common Shareholders	$ 3,592,693			$ 3,687,014			$ 8,994,075	$ 9,734,746
Weighted Average Number Of Common Shares Used In Calculating Earnings Per Share	5,409,612			5,354,187			5,396,215	5,338,481
Earnings Per Common Share	$ 0.66			$ 0.69			$ 1.67	$ 1.82

Investment Securities (Details)

Investment Securities (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost	$ 215,783,454	$ 183,819,638
Gross Unrealized Gains	13,719	445,806
Gross Unrealized Losses	28,569,853	1,922,985
Fair Value	187,227,320	182,342,459
Other investments [Member]
Amortized Cost	3,464,000	6,438,000
Gross Unrealized Gains	0	142,199
Gross Unrealized Losses	71,093	4,394
Fair Value	3,392,907	6,575,805
ABS and OAS [Member]
Amortized Cost	2,929,176	2,131,610
Gross Unrealized Gains	0	82,414
Gross Unrealized Losses	245,888	0
Fair Value	2,683,288	2,214,024
Agency mortgage-backed securities (Agency MBS) [Member]
Amortized Cost	135,295,287	128,291,487
Gross Unrealized Gains	13,719	184,002
Gross Unrealized Losses	21,423,964	1,342,968
Fair Value	113,885,042	127,132,521
CMO [Member]
Amortized Cost	8,690,193	1,451,349
Gross Unrealized Gains	0	0
Gross Unrealized Losses	359,280	30,891
Fair Value	8,330,913	1,420,458
Taxable municipal securities
Amortized Cost	300,000	300,000
Gross Unrealized Gains	0	0
Gross Unrealized Losses	62,749	1,267
Fair Value	237,251	298,733
Tax-exempt municipal securities
Amortized Cost	11,695,449	830,279
Gross Unrealized Gains	0	1,167
Gross Unrealized Losses	1,358,635	67
Fair Value	10,336,814	831,379
U.S. GSE debt securities [Member]
Amortized Cost	12,000,000	12,001,978
Gross Unrealized Gains	0	36,024
Gross Unrealized Losses	1,642,690	209,504
Fair Value	10,357,310	11,828,498
U.S. Government securities [Member]
Amortized Cost	41,409,349	32,374,935
Gross Unrealized Gains	0	0
Gross Unrealized Losses	3,405,554	333,894
Fair Value	$ 38,003,795	$ 32,041,041

Investment Securities (Details

Investment Securities (Details 1) - U.S. GSE debt securities, Agency MBS, ABS and OAS, CMO and CDs [Member] - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost	$ 57,108,669	$ 63,045,599
Fair Value	$ 47,466,870	$ 62,256,702

Investment Securities (Detail_2

Investment Securities (Details 2) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Total, Fair Value	$ 187,227,320	$ 182,342,459
Available for sale Securities [Member]
Due In One Year Or Less, Amortized Cost	1,730,000	3,470,000
Due From One To Five Years, Amortized Cost	53,992,787	36,860,731
Due From Five To Ten Years, Amortized Cost	10,409,071	13,065,163
Due After Ten Years, Amortized Cost	14,356,309	2,132,257
Agency Mbs, Amortized Cost	135,295,287	128,291,487
Total, Amortized Cost	215,783,454	183,819,638
Due In One Year Or Less, Fair Value	1,725,887	3,508,582
Due From One To Five Years, Fair Value	49,890,108	36,619,130
Due From Five To Ten Years, Fair Value	9,091,245	12,942,726
Due After Ten Years, Fair Value	12,635,038	2,139,500
Agency Mbs, Fair Value	113,885,042	127,132,521
Total, Fair Value	$ 187,227,320	$ 182,342,459

Investment Securities (Detail_3

Investment Securities (Details 3)	Sep. 30, 2022 USD ($) integer	Dec. 31, 2021 USD ($) integer
Fair Value Less Than 12 Months	$ 108,608,240	$ 147,512,619
Unrealized Loss Less Than 12 Months	13,403,435	1,629,983
Fair Value 12 Months Or More	77,122,757	10,730,872
Unrealized Loss 12 Months Or More	$ 15,166,418	$ 293,002
Number Of Securities | integer	233	144
Fair Value	$ 185,730,997	$ 158,243,491
Unrealized Loss	28,569,853	1,922,985
Other investments [Member]
Fair Value Less Than 12 Months	3,173,963	491,606
Unrealized Loss Less Than 12 Months	42,037	4,394
Fair Value 12 Months Or More	218,944	0
Unrealized Loss 12 Months Or More	$ 29,056	$ 0
Number Of Securities | integer	14	2
Fair Value	$ 3,392,907	$ 491,606
Unrealized Loss	71,093	4,394
ABS and OAS [Member]
Fair Value Less Than 12 Months	2,683,288
Unrealized Loss Less Than 12 Months	245,888
Fair Value 12 Months Or More	0
Unrealized Loss 12 Months Or More	$ 0
Number Of Securities | integer	4
Fair Value	$ 2,683,288
Unrealized Loss	245,888
U.S. GSE debt securities [Member]
Fair Value Less Than 12 Months	5,304,930	5,869,117
Unrealized Loss Less Than 12 Months	695,070	130,883
Fair Value 12 Months Or More	5,052,380	1,921,379
Unrealized Loss 12 Months Or More	$ 947,620	$ 78,621
Number Of Securities | integer	11	7
Fair Value	$ 10,357,310	$ 7,790,496
Unrealized Loss	1,642,690	209,504
Agency mortgage-backed securities (Agency MBS) [Member]
Fair Value Less Than 12 Months	53,405,680	107,061,452
Unrealized Loss Less Than 12 Months	8,835,995	1,128,587
Fair Value 12 Months Or More	58,983,039	8,809,493
Unrealized Loss 12 Months Or More	$ 12,587,969	$ 214,381
Number Of Securities | integer	119	84
Fair Value	$ 112,388,719	$ 115,870,945
Unrealized Loss	21,423,964	1,342,968
CMO [Member]
Fair Value Less Than 12 Months	7,572,585	1,420,458
Unrealized Loss Less Than 12 Months	276,853	30,891
Fair Value 12 Months Or More	758,328	0
Unrealized Loss 12 Months Or More	$ 82,427	$ 0
Number Of Securities | integer	8	3
Fair Value	$ 8,330,913	$ 1,420,458
Unrealized Loss	359,280	30,891
U.S. Government securities
Fair Value Less Than 12 Months	25,893,729	32,041,041
Unrealized Loss Less Than 12 Months	1,886,208	333,894
Fair Value 12 Months Or More	12,110,066	0
Unrealized Loss 12 Months Or More	$ 1,519,346	$ 0
Number Of Securities | integer	54	46
Fair Value	$ 38,003,795	$ 32,041,041
Unrealized Loss	3,405,554	333,894
Taxable municipal securities
Fair Value Less Than 12 Months	237,251	298,733
Unrealized Loss Less Than 12 Months	62,749	1,267
Fair Value 12 Months Or More	0	0
Unrealized Loss 12 Months Or More	$ 0	$ 0
Number Of Securities | integer	1	1
Fair Value	$ 237,251	$ 298,733
Unrealized Loss	62,749	1,267
Tax-exempt municipal securities
Fair Value Less Than 12 Months	10,336,814	330,212
Unrealized Loss Less Than 12 Months	1,358,635	67
Fair Value 12 Months Or More	0	0
Unrealized Loss 12 Months Or More	$ 0	$ 0
Number Of Securities | integer	22	1
Fair Value	$ 10,336,814	$ 330,212
Unrealized Loss	$ 1,358,635	$ 67

Loans Allowance for Loan Loss_3

Loans Allowance for Loan Losses and Credit Quality (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Loans Allowance for Loan Losses and Credit Quality
Commercial & Industrial	$ 121,224,062	$ 111,125,622
Purchased loans	8,078,281	9,807,848
Commercial Real Estate	324,327,160	300,958,931
Municipal	40,164,698	47,955,231
Residential Real Estate - 1st Lien	192,566,579	181,316,345
Residential Real Estate - Jr Lien	33,773,471	34,359,864
Consumer	4,059,750	4,464,692
Total Loans	724,194,001	689,988,533
Deduct (add):
Allowance for loan losses	(8,432,086)	(7,710,256)
Deferred net loan costs (fees)	466,602	(37,972)
Net Loans	$ 716,228,517	$ 682,240,305

Loans Allowance for Loan Loss_4

Loans Allowance for Loan Losses and Credit Quality (Details 1) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
30-89 Days	$ 2,743,222	$ 2,135,203
90 Days Or More	2,670,888	3,095,765
Total Past Due	5,414,110	5,230,968
Current	718,779,891	684,757,565
Total Loans	724,194,001	689,988,533
Non-accrual Loans	8,602,731	5,940,629
90 Days Or More And Accruing	744,330	593,303
Commercial Real Estates [Member]
30-89 Days	653,091	49,450
90 Days Or More	1,834,037	2,400,514
Total Past Due	2,487,128	2,449,964
Current	321,840,032	298,508,967
Total Loans	324,327,160	300,958,931
Non-accrual Loans	3,814,958	4,517,839
90 Days Or More And Accruing	222,998	0
Residential real estate - 1st lien [Member]
30-89 Days	452,927	1,190,300
90 Days Or More	655,316	608,775
Total Past Due	1,108,243	1,799,075
Current	191,458,336	179,517,270
Total Loans	192,566,579	181,316,345
Non-accrual Loans	1,231,602	1,180,563
90 Days Or More And Accruing	369,172	506,827
Commercial & industrial [Member]
30-89 Days	1,335,118	833,875
90 Days Or More	29,375	0
Total Past Due	1,364,493	833,875
Current	119,859,569	110,291,747
Total Loans	121,224,062	111,125,622
Non-accrual Loans	3,422,395	98,661
90 Days Or More And Accruing	0	0
Purchased Loan [Member]
30-89 Days	0	0
90 Days Or More	0	0
Total Past Due	0	0
Current	8,078,281	9,807,848
Total Loans	8,078,281	9,807,848
Non-accrual Loans	0	0
90 Days Or More And Accruing	0	0
Municipal [Member]
30-89 Days	0	0
90 Days Or More	0	0
Total Past Due	0	0
Current	40,164,698	47,955,231
Total Loans	40,164,698	47,955,231
Non-accrual Loans	0	0
90 Days Or More And Accruing	0	0
Residential real estate - Jr lien [Member]
30-89 Days	291,722	51,837
90 Days Or More	152,160	86,476
Total Past Due	443,882	138,313
Current	33,329,589	34,221,551
Total Loans	33,773,471	34,359,864
Non-accrual Loans	133,776	143,566
90 Days Or More And Accruing	152,160	86,476
Consumer [Member]
30-89 Days	10,364	9,741
90 Days Or More	0	0
Total Past Due	10,364	9,741
Current	4,049,386	4,454,951
Total Loans	4,059,750	4,464,692
Non-accrual Loans	0	0
90 Days Or More And Accruing	$ 0	$ 0

Loans Allowance for Loan Loss_5

Loans Allowance for Loan Losses and Credit Quality (Details 2)	Sep. 30, 2022 USD ($) integer	Dec. 31, 2021 USD ($) integer
Loans Allowance for Loan Losses and Credit Quality
Residential Mortgage Loans In Process Of Foreclosure, Number Of Loans | integer	2	5
Residential Mortgage Loans In Process Of Foreclosure, Current Balance | $	$ 151,645	$ 195,082

Loans Allowance for Loan Loss_6

Loans Allowance for Loan Losses and Credit Quality (Details 3) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Allowance For Loan Losses, Beginning Balance	$ 8,232,773	$ 7,719,256	$ 7,710,256	$ 7,208,485	$ 7,208,485
Charge-offs	(41,837)	(30,638)	(750,680)	(86,858)	(227,202)
Recoveries	116,150	41,522	147,510	73,515	104,808
Provision For Loan Losses	125,000	89,167	1,325,000	624,165	624,165
Allowance For Loan Losses, Ending Balance	8,432,086	7,819,307	8,432,086	7,819,307	7,710,256
Allowance For Loan Losses, Evaluated For Impairment, Individually	109,914		109,914		79,978
Allowance For Loan Losses Evaluated For Impairment, Collectively	8,322,172		8,322,172		7,630,278
Total All Evaluted For Impairment			8,432,086		7,710,256
Loans Evaluated For Impairment, Individually	10,971,601		10,971,601		8,456,162
Loans Evaluated For Impairment Collectively	713,222,400		713,222,400		681,532,371
Total, Loans Evaluted For Impairment			724,194,001		689,988,533
Unallocated [Member]
Allowance For Loan Losses, Beginning Balance	130,782	912,420	539,117	398,913	398,913
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision For Loan Losses	127,773	107,062	(280,562)	620,569	140,204
Allowance For Loan Losses, Ending Balance	258,555	1,019,482	258,555	1,019,482	539,117
Allowance For Loan Losses, Evaluated For Impairment, Individually	0		0		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	258,555		258,555		539,117
Total All Evaluted For Impairment			258,555		4,151,760
Total, Loans Evaluted For Impairment					539,117
Commercial Real Estates [Member]
Allowance For Loan Losses, Beginning Balance	4,808,324	3,932,846	4,151,760	3,854,153	3,854,153
Charge-offs	0	0	(667,474)	0	(22,000)
Recoveries	0	20,162	0	27,160	27,160
Provision For Loan Losses	95,775	(56,471)	1,419,813	15,224	292,447
Allowance For Loan Losses, Ending Balance	4,904,099	3,896,537	4,904,099	3,896,537	4,151,760
Allowance For Loan Losses, Evaluated For Impairment, Individually	8,867		8,867		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	4,895,232		4,895,232		4,151,760
Total All Evaluted For Impairment			4,904,099		4,151,760
Loans Evaluated For Impairment, Individually	3,812,657		3,812,657		4,553,734
Loans Evaluated For Impairment Collectively	320,514,503		320,514,503		296,405,197
Total, Loans Evaluted For Impairment			324,327,160		300,958,931
Residential real estate - 1st lien [Member]
Allowance For Loan Losses, Beginning Balance	1,845,508	1,655,042	1,765,892	1,735,304	1,735,304
Charge-offs	0	0	0	0	(98,704)
Recoveries	98,600	2,275	111,163	4,602	7,636
Provision For Loan Losses	(130,711)	(10,532)	(63,658)	(93,121)	121,656
Allowance For Loan Losses, Ending Balance	1,813,397	1,646,785	1,813,397	1,646,785	1,765,892
Allowance For Loan Losses, Evaluated For Impairment, Individually	96,784		96,784		79,978
Allowance For Loan Losses Evaluated For Impairment, Collectively	1,716,613		1,716,613		1,685,914
Total All Evaluted For Impairment			1,813,397		1,765,892
Loans Evaluated For Impairment, Individually	3,670,995		3,670,995		3,720,503
Loans Evaluated For Impairment Collectively	188,895,584		188,895,584		177,595,842
Total, Loans Evaluted For Impairment			192,566,579		181,316,345
Commercial & industrial [Member]
Allowance For Loan Losses, Beginning Balance	1,107,248	823,737	870,392	778,287	778,287
Charge-offs	(26,922)	0	(47,500)	(18,847)	(18,847)
Recoveries	10,407	0	12,862	4,761	4,761
Provision For Loan Losses	794	6,485	255,773	66,021	106,191
Allowance For Loan Losses, Ending Balance	1,091,527	830,222	1,091,527	830,222	870,392
Allowance For Loan Losses, Evaluated For Impairment, Individually	4,259		4,259		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	1,087,268		1,087,268		870,392
Total All Evaluted For Impairment			1,091,527		870,392
Loans Evaluated For Impairment, Individually	3,408,207		3,408,207		93,362
Loans Evaluated For Impairment Collectively	117,815,855		117,815,855		111,032,260
Total, Loans Evaluted For Impairment			121,224,062		111,125,622
Purchased Loan [Member]
Allowance For Loan Losses, Beginning Balance	59,822	75,426	68,655	64,260	64,260
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision For Loan Losses	(3,274)	(3,284)	(12,107)	7,882	4,395
Allowance For Loan Losses, Ending Balance	56,548	72,142	56,548	72,142	68,655
Allowance For Loan Losses, Evaluated For Impairment, Individually	0		0		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	56,548		56,548		68,655
Total All Evaluted For Impairment			56,548		4,151,760
Loans Evaluated For Impairment, Individually	0		0		0
Loans Evaluated For Impairment Collectively	8,078,281		8,078,281		9,807,848
Total, Loans Evaluted For Impairment			8,078,281		9,807,848
Municipal [Member]
Allowance For Loan Losses, Beginning Balance	58,319	57,292	76,728	82,211	82,211
Charge-offs	0	0	0	0	0
Recoveries	0	0	0	0	0
Provision For Loan Losses	13,977	28,748	(4,432)	3,829	(5,483)
Allowance For Loan Losses, Ending Balance	72,296	86,040	72,296	86,040	76,728
Allowance For Loan Losses, Evaluated For Impairment, Individually	0		0		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	72,296		72,296		76,728
Total All Evaluted For Impairment			72,296		76,728
Loans Evaluated For Impairment, Individually	0		0		0
Loans Evaluated For Impairment Collectively	40,164,698		40,164,698		47,955,231
Total, Loans Evaluted For Impairment			40,164,698		47,955,231
Residential real estate - Jr lien [Member]
Allowance For Loan Losses, Beginning Balance	181,214	201,269	182,014	234,896	234,896
Charge-offs	0	0	0	0	0
Recoveries	1,298	8,641	3,728	9,601	10,821
Provision For Loan Losses	232	(20,684)	(2,998)	(55,271)	(63,703)
Allowance For Loan Losses, Ending Balance	182,744	189,226	182,744	189,226	182,014
Allowance For Loan Losses, Evaluated For Impairment, Individually	4		4		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	182,740		182,740		182,014
Total All Evaluted For Impairment			182,744		182,014
Loans Evaluated For Impairment, Individually	79,742		79,742		88,563
Loans Evaluated For Impairment Collectively	33,693,729		33,693,729		34,271,301
Total, Loans Evaluted For Impairment			33,773,471		34,359,864
Consumer [Member]
Allowance For Loan Losses, Beginning Balance	41,556	61,224	55,698	60,461	60,461
Charge-offs	(14,915)	(30,638)	(35,706)	(68,011)	(87,651)
Recoveries	5,845	10,444	19,757	27,391	54,430
Provision For Loan Losses	20,434	37,843	13,171	59,032	28,458
Allowance For Loan Losses, Ending Balance	52,920	$ 78,873	52,920	$ 78,873	55,698
Allowance For Loan Losses, Evaluated For Impairment, Individually	0		0		0
Allowance For Loan Losses Evaluated For Impairment, Collectively	52,920		52,920		55,698
Total All Evaluted For Impairment			52,920		55,698
Loans Evaluated For Impairment, Individually	0		0		0
Loans Evaluated For Impairment Collectively	$ 4,059,750		4,059,750		4,464,692
Total, Loans Evaluted For Impairment			$ 4,059,750		$ 4,464,692

Loans Allowance for Loan Loss_7

Loans Allowance for Loan Losses and Credit Quality (Details 4) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Recorded Investment Allowance Recorded	$ 10,984,228	$ 7,873,611	$ 10,984,228	$ 7,873,611	$ 8,489,239
Unpaid Principal Balance Allowance Recorded	13,329,761	9,347,801	13,329,761	9,347,801	10,149,243
Related Allowance With An Allowance Recorded	109,914	89,033	109,914	89,033	79,978
Interest Income Recognized	131,404	133,874	252,665	282,203
Average Recorded Investment Allowance Recorded	9,180,148	7,233,738	8,704,989	7,072,345
Total Related Allowance
Related Allowance With An Allowance Recorded	109,914	89,033	109,914	89,033	79,978
Recorded Investment With An Allowance Recorded	2,378,533	797,237	2,378,533	797,237	702,586
Unpaid Principal Balance With An Allowance Recorded	2,413,046	808,488	2,413,046	808,488	716,118
Average Recorded Investment With An Allowance Recorded	1,634,314	789,760	1,271,082	901,323
Interest Income Recognized With An Allowance Recorded	31,496	15,786	58,553	48,532
Total No Related Allowance
Recorded Investment With No Related Allowance Recorded	8,605,695	7,076,374	8,605,695	7,076,374	7,786,653
Unpaid Principal Balance With No Related Allowance Recorded	10,916,715	8,539,313	10,916,715	8,539,313	9,433,125
Interest Income Recognized With No Related Allowance Recorded	99,908	118,088	194,112	233,671
Average Recorded Investment With No Related Allowance Recorded	7,545,834	6,443,978	7,433,907	6,171,022
Commercial Real Estates [Member]
Related Allowance With An Allowance Recorded	8,867		8,867
Recorded Investment With An Allowance Recorded	249,709		249,709
Unpaid Principal Balance With An Allowance Recorded	252,806		252,806
Recorded Investment With No Related Allowance Recorded	3,563,089	3,711,470	3,563,089	3,711,470	4,554,074
Unpaid Principal Balance With No Related Allowance Recorded	4,751,499	4,210,006	4,751,499	4,210,006	5,108,557
Average Recorded Investment With An Allowance Recorded	124,854		62,427
Interest Income Recognized With An Allowance Recorded	0		0
Interest Income Recognized With No Related Allowance Recorded	72,754	74,162	74,245	78,462
Average Recorded Investment With No Related Allowance Recorded	3,479,786	2,795,979	3,806,739	2,295,473
Residential real estate - 1st lien [Member]
Related Allowance With An Allowance Recorded	96,784	88,874	96,784	88,874	79,978
Recorded Investment With An Allowance Recorded	1,172,194	793,401	1,172,194	793,401	702,586
Unpaid Principal Balance With An Allowance Recorded	1,192,445	804,655	1,192,445	804,655	716,118
Recorded Investment With No Related Allowance Recorded	2,511,284	3,094,255	2,511,284	3,094,255	3,050,647
Unpaid Principal Balance With No Related Allowance Recorded	3,515,246	3,991,516	3,515,246	3,991,516	4,076,352
Average Recorded Investment With An Allowance Recorded	1,031,145	785,752	969,497	897,008
Interest Income Recognized With An Allowance Recorded	31,349	15,682	58,306	48,200
Interest Income Recognized With No Related Allowance Recorded	27,154	43,926	119,663	155,005
Average Recorded Investment With No Related Allowance Recorded	2,686,280	3,253,698	2,814,818	3,402,302
Commercial & industrial [Member]
Related Allowance With An Allowance Recorded	4,259		4,259
Recorded Investment With An Allowance Recorded	954,098		954,098
Unpaid Principal Balance With An Allowance Recorded	965,266		965,266
Recorded Investment With No Related Allowance Recorded	2,454,109	140,098	2,454,109	140,098	93,362
Unpaid Principal Balance With No Related Allowance Recorded	2,525,175	161,331	2,525,175	161,331	115,414
Average Recorded Investment With An Allowance Recorded	477,049		238,525
Interest Income Recognized With An Allowance Recorded	0		0
Interest Income Recognized With No Related Allowance Recorded	0	0	204	204
Average Recorded Investment With No Related Allowance Recorded	1,299,959	261,153	728,879	339,386
Residential real estate - Jr lien [Member]
Related Allowance With An Allowance Recorded	4	159	4	159	0
Recorded Investment With An Allowance Recorded	2,532	3,836	2,532	3,836	0
Unpaid Principal Balance With An Allowance Recorded	2,529	3,833	2,529	3,833	0
Recorded Investment With No Related Allowance Recorded	77,213	130,551	77,213	130,551	88,570
Unpaid Principal Balance With No Related Allowance Recorded	124,795	176,460	124,795	176,460	$ 132,802
Average Recorded Investment With An Allowance Recorded	1,266	4,008	633	4,315
Interest Income Recognized With An Allowance Recorded	147	104	247	332
Interest Income Recognized With No Related Allowance Recorded	0	0	0	0
Average Recorded Investment With No Related Allowance Recorded	$ 79,809	$ 133,148	$ 83,471	$ 133,861

Loans Allowance for Loan Loss_8

Loans Allowance for Loan Losses and Credit Quality (Details 5) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Group A	$ 700,313,040	$ 667,382,286
Group B	9,052,761	7,243,419
Group C	14,828,200	15,362,828
Total Loans	724,194,001	689,988,533
Commercial Real Estates [Member]
Group A	313,323,279	285,732,365
Group B	2,896,559	6,550,335
Group C	8,107,322	8,676,231
Total Loans	324,327,160	300,958,931
Residential real estate - 1st lien [Member]
Group A	189,037,878	177,456,149
Group B	0	0
Group C	3,528,701	3,860,196
Total Loans	192,566,579	181,316,345
Commercial & industrial [Member]
Group A	112,114,846	107,799,925
Group B	6,156,202	693,084
Group C	2,953,014	2,632,613
Total Loans	121,224,062	111,125,622
Purchased Loan [Member]
Group A	8,078,281	9,807,848
Group B	0	0
Group C	0	0
Total Loans	8,078,281	9,807,848
Municipal [Member]
Group A	40,164,698	47,955,231
Group B	0	0
Group C	0	0
Total Loans	40,164,698	47,955,231
Residential real estate - Jr lien [Member]
Group A	33,534,308	34,166,076
Group B	0	0
Group C	239,163	193,788
Total Loans	33,773,471	34,359,864
Consumer [Member]
Group A	4,059,750	4,464,692
Group B	0	0
Group C	0	0
Total Loans	$ 4,059,750	$ 4,464,692

Loans Allowance for Loan Loss_9

Loans Allowance for Loan Losses and Credit Quality (Details 6)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($) integer	Sep. 30, 2022 USD ($) integer	Sep. 30, 2021 USD ($) integer	Dec. 31, 2021 USD ($) integer
Number Of Contracts Modified As Tdrs | integer	1		2	4
Pre-modification Outstanding Recorded Investment	$ 2,250,000		$ 2,291,751	$ 3,262,160
Post-modification Outstanding Recorded Investment	$ 2,250,000		$ 2,291,751	$ 3,262,160
Commercial Loan [Member]
Number Of Contracts Modified As Tdrs | integer	0		1	1
Pre-modification Outstanding Recorded Investment	$ 0		$ 41,751	$ 41,751
Post-modification Outstanding Recorded Investment	$ 0		$ 41,751	$ 41,751
Commercial Real Estates [Member]
Number Of Contracts Modified As Tdrs | integer	1		1	2
Pre-modification Outstanding Recorded Investment	$ 2,250,000		$ 2,250,000	$ 3,153,402
Post-modification Outstanding Recorded Investment	$ 2,250,000		$ 2,250,000	$ 3,153,402
Residential real estate - 1st lien [Member]
Number Of Contracts Modified As Tdrs | integer		1		1
Pre-modification Outstanding Recorded Investment		$ 292,592		$ 67,007
Post-modification Outstanding Recorded Investment		$ 292,592		$ 67,007

Loans Allowance for Loan Los_10

Loans Allowance for Loan Losses and Credit Quality (Details 7)	12 Months Ended
	Sep. 30, 2022 USD ($) integer	Dec. 31, 2021 USD ($) integer	Sep. 30, 2021 USD ($) integer
Commercial & industrial [Member]
Number Of Contracts | integer		1	1
Recorded Investment | $		$ 38,001	$ 38,751
Commercial Real Estate [Member]
Number Of Contracts | integer	1	2
Recorded Investment | $	$ 818,570	$ 3,081,810
Total Contracts | integer		3
Total Recorded Investment | $		$ 3,119,811

Loans Allowance for Loan Los_11

Loans Allowance for Loan Losses and Credit Quality (Details 8) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Loans Allowance for Loan Losses and Credit Quality
Specific Allocation	$ 96,788	$ 79,978

Loans Allowance for Loan Los_12

Loans Allowance for Loan Losses and Credit Quality (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Loans Allowance for Loan Losses and Credit Quality
Modified loans related to covid-19	$ 89,600,000
Accrued Interest Receivable And Deferred Net Loan Costs	12,627	$ 33,077	$ 34,179
Non-accrual status or TDRs regardless of amount	$ 100,000

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Details Narrative) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Goodwill	$ 11,574,269	$ 11,574,269
LyndonBank [Member]
Goodwill	$ 11,574,269

Fair Value (Details)

Fair Value (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets Recorded At Fair Value On A Recurring Basis	$ 187,227,320	$ 182,342,459
Fair Value Level 1 | U.S. Government securities
Assets Recorded At Fair Value On A Recurring Basis	38,003,795	32,041,041
Fair Value Level 2
Assets Recorded At Fair Value On A Recurring Basis	149,223,525	150,301,418
Fair Value Level 2 | Other investments [Member]
Assets Recorded At Fair Value On A Recurring Basis	3,392,907	6,575,805
Fair Value Level 2 | Taxable municipal securities
Assets Recorded At Fair Value On A Recurring Basis	237,251	298,733
Fair Value Level 2 | Tax-exempt municipal securities
Assets Recorded At Fair Value On A Recurring Basis	10,336,814	831,379
Fair Value Level 2 | U.S. GSE debt securities
Assets Recorded At Fair Value On A Recurring Basis	10,357,310	11,828,498
Fair Value Level 2 | Agency MBS
Assets Recorded At Fair Value On A Recurring Basis	113,885,042	127,132,521
Fair Value Level 2 | ABS and OAS
Assets Recorded At Fair Value On A Recurring Basis	2,683,288	2,214,024
Fair Value Level 2 | CMO [Member]
Assets Recorded At Fair Value On A Recurring Basis	$ 8,330,913	$ 1,420,458

Fair Value (Details 1)

Fair Value (Details 1) - Fair Value Level 2 - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Impaired Loans, Net Of Related Allowance	$ 1,706,713	$ 177,523
Loans Held-for-sale	130,000	339,000
Msrs	$ 880,636	$ 897,720

Fair Value (Details 2)

Fair Value (Details 2) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Carrying Amount
Cash And Cash Equivalents	$ 73,902	$ 110,359
Debt Securities Afs	187,227	182,342
Restricted Equity Securities	1,391	1,434
Commercial & Industrial	120,042	109,574
Commercial Real Estate	319,267	296,528
Purchase Loan	8,019	9,808
Municipal	40,078	47,841
Residential Real Estate - 1st Lien	191,369	180,271
Residential Real Estate - Jr Lien	33,578	34,151
Consumer	4,006	4,406
Msrs (1)	881	898
Accrued Interest Receivable	2,710	2,401
Other Deposits	902,792	879,151
Brokered Deposits	249	249
Long-term Borrowings	1,300	1,300
Repurchase Agreements	32,255	32,610
Operating Lease Obligations	710	864
Finance Lease Obligations	3,699	3,858
Subordinated Debentures	12,887	12,887
Accrued Interest Payable	33	59
Fair Value
Cash And Cash Equivalents	73,902	110,359
Debt Securities Afs	187,228	182,342
Restricted Equity Securities	1,391	1,434
Commercial & Industrial	118,869	110,284
Commercial Real Estate	310,947	297,368
Purchase Loan	7,793	9,862
Municipal	40,847	49,419
Residential Real Estate - 1st Lien	177,624	180,451
Residential Real Estate - Jr Lien	33,348	34,189
Consumer	4,005	4,436
Msrs (1)	1,295	995
Accrued Interest Receivable	2,710	2,401
Other Deposits	898,813	879,545
Brokered Deposits	224	246
Long-term Borrowings	1,031	1,179
Repurchase Agreements	32,255	32,610
Operating Lease Obligations	710	864
Finance Lease Obligations	3,699	3,858
Subordinated Debentures	12,757	12,868
Accrued Interest Payable	33	59
Fair Value Level 2
Cash And Cash Equivalents	0	0
Debt Securities Afs	149,224	150,301
Restricted Equity Securities	1,391	1,434
Commercial & Industrial	30	0
Commercial Real Estate	1,611	29
Purchase Loan	0	0
Municipal	0	0
Residential Real Estate - 1st Lien	66	149
Residential Real Estate - Jr Lien	0	0
Consumer	0	0
Msrs (1)	1,295	995
Accrued Interest Receivable	2,710	2,401
Other Deposits	898,813	879,545
Brokered Deposits	224	246
Long-term Borrowings	1,031	1,179
Repurchase Agreements	32,255	32,610
Operating Lease Obligations	710	864
Finance Lease Obligations	3,699	3,858
Subordinated Debentures	12,757	12,868
Accrued Interest Payable	33	59
Fair Value Level 1
Cash And Cash Equivalents	73,902	110,359
Debt Securities Afs	38,004	32,041
Restricted Equity Securities	0	0
Commercial & Industrial	0	0
Commercial Real Estate	0	0
Purchase Loan	0	0
Municipal	0	0
Residential Real Estate - 1st Lien	0	0
Residential Real Estate - Jr Lien	0	0
Consumer	0	0
Msrs (1)	0	0
Accrued Interest Receivable	0	0
Other Deposits	0	0
Brokered Deposits	0	0
Long-term Borrowings	0	0
Repurchase Agreements	0	0
Operating Lease Obligations	0	0
Finance Lease Obligations	0	0
Subordinated Debentures	0	0
Accrued Interest Payable	0	0
Fair Value Level 3
Cash And Cash Equivalents	0	0
Debt Securities Afs	0	0
Restricted Equity Securities	0	0
Commercial & Industrial	118,839	110,284
Commercial Real Estate	309,336	297,339
Purchase Loan	7,793	9,862
Municipal	40,847	49,419
Residential Real Estate - 1st Lien	177,558	180,302
Residential Real Estate - Jr Lien	33,348	34,189
Consumer	4,005	4,436
Msrs (1)	0	0
Accrued Interest Receivable	0	0
Other Deposits	0	0
Brokered Deposits	0	0
Long-term Borrowings	0	0
Repurchase Agreements	0	0
Operating Lease Obligations	0	0
Finance Lease Obligations	0	0
Subordinated Debentures	0	0
Accrued Interest Payable	$ 0	$ 0

Loan Servicing (Details)

Loan Servicing (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Loan Servicing
Balance At Beginning Of Year	$ 897,720	$ 922,146
Msrs Capitalized	99,014	147,328
Msrs Amortized	(116,098)	(225,404)
Change In Valuation Allowance	0	53,650
Balance At end Of Year	$ 880,636	$ 897,720

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - $ / shares		3 Months Ended		9 Months Ended
	Sep. 07, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Subsequent Events
Dividends Declared Per Common Share	$ 0.23	$ 0.23	$ 0.22	$ 0.69	$ 0.66