Guaranty Bancshares (GNTY) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Mar. 31, 2022	May 02, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Trading Symbol	GNTY
Entity Registrant Name	GUARANTY BANCSHARES, INC.
Entity Central Index Key	0001058867
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Common Stock, Shares Outstanding		12,000,490
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity File Number	001-38087
Entity Tax Identification Number	75-1656431
Entity Address, Address Line One	16475 Dallas Parkway, Suite 600
Entity Address, City or Town	Addison
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75001
City Area Code	888
Local Phone Number	572 - 9881
Entity Shell Company	false
Title of 12(b) Security	Common Stock, par value $1.00 per share
Security Exchange Name	NASDAQ
Entity Incorporation, State or Country Code	TX
Document Quarterly Report	true
Document Transition Report	false
Entity Bankruptcy Proceedings, Reporting Current	true

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 58,788	$ 42,979
Federal funds sold	139,300	431,975
Interest-bearing deposits	24,003	24,651
Total cash and cash equivalents	222,091	499,605
Securities available for sale	306,704	342,206
Securities held to maturity	494,289	184,263
Loans held for sale	1,166	4,129
Loans, net of allowance for credit losses of $29,096 and $30,433, respectively	1,983,449	1,876,076
Accrued interest receivable	8,961	8,901
Premises and equipment, net	54,316	53,470
Cash surrender value of life insurance	37,352	37,141
Core deposit intangible, net	2,199	2,313
Goodwill	32,160	32,160
Other assets	47,142	45,806
Total assets	3,189,829	3,086,070
Deposits
Noninterest-bearing	1,065,789	1,014,518
Interest-bearing	1,731,621	1,656,309
Total deposits	2,797,410	2,670,827
Securities sold under agreements to repurchase	11,090	14,151
Accrued interest and other liabilities	27,803	26,568
Line of credit	0	5,000
Federal Home Loan Bank advances	7,500	47,500
Subordinated debt	54,146	19,810
Total liabilities	2,897,949	2,783,856
Commitments and contingencies (see Note 11)
Equity
Preferred stock, $5.00 par value, 15,000,000 shares authorized, no shares issued	0	0
Common stock, $1.00 par value, 50,000,000 shares authorized, 14,138,978 shares issued, and 12,066,480 and 12,122,717 shares outstanding, respectively	14,139	14,139
Additional paid-in capital	225,700	225,544
Retained earnings	115,727	107,645
Treasury stock, 2,072,498 and 2,016,261 shares at cost	(53,412)	(51,419)
Accumulated other comprehensive (loss) income	(10,872)	6,305
Equity attributable to Guaranty Bancshares, Inc.	291,282	302,214
Noncontrolling interest	598	0
Total equity	291,880	302,214
Total liabilities and equity	$ 3,189,829	$ 3,086,070

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for credit losses	$ 29,096	$ 30,433
Preferred stock, par value (in USD per share)	$ 5	$ 5
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in USD per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	14,138,978	14,138,978
Common stock, shares outstanding (in shares)	12,066,480	12,122,717
Treasury stock (in shares)	2,072,498	2,016,261

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income
Loans, including fees	$ 22,272	$ 24,195
Securities
Taxable	1,953	1,052
Nontaxable	1,150	1,039
Federal funds sold and interest-bearing deposits	518	227
Total interest income	25,893	26,513
Interest expense
Deposits	1,242	1,603
FHLB advances and federal funds purchased	46	99
Subordinated debentures	246	188
Other borrowed money	36	132
Total interest expense	1,570	2,022
Net interest income	24,323	24,491
Reversal of provision for credit losses	(1,250)	0
Net interest income after provision for credit losses	25,573	24,491
Noninterest income
Service charges	976	829
Net realized gain on sale of loans	905	1,398
Merchant and debit card fees	1,611	1,506
Other income	2,987	2,386
Total noninterest income	6,479	6,119
Noninterest expense
Employee compensation and benefits	11,532	9,943
Occupancy expenses	2,711	2,687
Other expenses	4,836	4,682
Total noninterest expense	19,079	17,312
Income before income taxes	12,973	13,298
Income tax provision	2,235	2,336
Net earnings	$ 10,738	$ 10,962
Basic earnings per share	$ 0.89	$ 0.91
Diluted earnings per share	$ 0.88	$ 0.90

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net earnings	$ 10,738	$ 10,962
Other comprehensive loss:
Unrealized losses on securities, net of tax	(16,989)	(2,235)
Unrealized (losses) gains on interest rate swaps:
Unrealized holding gains arising during the period	497	449
Reclassification of realized gains on interest rate swap termination from accumulated other comprehensive income	(685)	0
Unrealized (losses) gains on interest rate swaps	(188)	449
Total other comprehensive loss	(17,177)	(1,786)
Comprehensive (loss) income	$ (6,439)	$ 9,176

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Noncontrolling Interest
Beginning Balance at Dec. 31, 2020	$ 272,643	$ 12,952	$ 188,032	$ 113,449	$ (51,419)	$ 9,629
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	10,962			10,962
Other comprehensive loss	(1,786)					(1,786)
10% stock dividend	35,947	1,094	34,853	(35,947)
Exercise of stock options	527	24	503
Stock based compensation	162		162
Dividends: Common Stock	(2,411)			(2,411)
Ending Balance at Mar. 31, 2021	280,097	14,070	223,550	86,053	(51,419)	7,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity attributable to Guaranty Bancshares, Inc.	302,214
Beginning Balance at Dec. 31, 2021	302,214	14,139	225,544	107,645	(51,419)	6,305
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	10,738			10,738
Other comprehensive loss	(17,177)					(17,177)
Contributions from noncontrolling interest	598						$ 598
10% stock dividend	0
Purchase of treasury stock	(1,993)				(1,993)
Stock based compensation	156		156
Dividends: Common Stock	(2,656)			(2,656)
Ending Balance at Mar. 31, 2022	291,880	14,139	225,700	115,727	(53,412)	(10,872)	$ 598
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity attributable to Guaranty Bancshares, Inc.	$ 291,282	$ 14,139	$ 225,700	$ 115,727	$ (53,412)	$ (10,872)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in USD per share)	$ 0.22	$ 0.20

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net earnings	$ 10,738	$ 10,962
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	1,069	1,108
Amortization	219	343
Deferred taxes	(4,188)	(221)
Premium amortization, net of discount accretion	1,399	1,056
Gain on sale of loans	(905)	(1,398)
Reversal of provision for credit losses	(1,250)	0
Origination of loans held for sale	(25,758)	(32,850)
Proceeds from loans held for sale	29,626	35,127
Write-down of other real estate and repossessed assets	0	2
Net gain on sale of premises, equipment, other real estate owned and other assets	(39)	(50)
Stock based compensation	156	162
Net change in accrued interest receivable and other assets	6,792	(7,406)
Net change in accrued interest payable and other liabilities	804	3,049
Net cash provided by operating activities	18,663	9,884
Securities available for sale:
Purchases	0	(50,604)
Proceeds from maturities and principal repayments	14,431	19,776
Securities held to maturity:
Purchases	(915,587)	0
Proceeds from maturities and principal repayments	603,937	0
Net originations of loans	(106,123)	(45,685)
Purchases of premises and equipment	(1,685)	(799)
Proceeds from BOLI death benefit	0	464
Proceeds from sale of premises, equipment, other real estate owned and other assets	72	115
Net cash used in investing activities	(404,955)	(76,733)
Cash flows from financing activities
Net change in deposits	126,920	188,820
Net change in securities sold under agreements to repurchase	(3,061)	8,376
Proceeds from FHLB advances	0	40,000
Repayment of FHLB advances	(40,000)	(100,005)
Proceeds from line of credit	1,000	3,000
Repayment of line of credit	(6,000)	0
Proceeds from issuance of debentures	34,336	0
Purchase of treasury stock	(1,993)	0
Exercise of stock options	0	527
Cash dividends paid	(2,424)	(2,188)
Net cash provided by financing activities	108,778	138,530
Net change in cash and cash equivalents	(277,514)	71,681
Cash and cash equivalents at beginning of period	499,605	351,791
Cash and cash equivalents at end of period	222,091	423,472
Supplemental disclosures of cash flow information
Interest paid	1,460	2,067
Supplemental schedule of noncash investing and financing activities
Cash dividends accrued	2,656	2,411
Lease right of use assets obtained in exchange for lease liabilities		1,384
Transfer of loans to other real estate owned and repossessed assets	0	437
Contributions from noncontrolling interest	598	0
Stock dividend	$ 0	$ 35,947

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations : Guaranty Bancshares, Inc. (“Guaranty”) is a bank holding company headquartered in Mount Pleasant, Texas that provides, through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. (the “Bank”), a broad array of financial products and services to individuals and corporate customers, primarily in its markets of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The terms “the Company,” “we,” “us” and “our” mean Guaranty and its subsidiaries, when appropriate. The Company’s main sources of income are derived from granting loans throughout its markets and investing in securities issued or guaranteed by the U.S. Treasury, U.S. government agencies and state and political subdivisions. The Company’s primary lending products are real estate, commercial and consumer loans. Although the Company has a diversified loan portfolio, a substantial portion of its debtors’ abilities to honor contracts is dependent on the economy of the State of Texas and primarily the economies of East Texas, Dallas/Fort Worth, Greater Houston and Central Texas. The Company primarily funds its lending activities with deposit operations. The Company’s primary deposit products are checking accounts, money market accounts and certificates of deposit. Principles of Consolidation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by Guaranty or one of its subsidiaries, and the portion of any subsidiary not owned by Guaranty is reported as noncontrolling interest. All significant intercompany balances and transactions have been eliminated in consolidation. The Bank has seven wholly-owned or controlled non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Asset Management, LLC, White Oak Aviation, LLC and Caliber Guaranty Private Account, LLC, the entity representing noncontrolling interest in the consolidated financial statements. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry. Basis of Presentation : The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2021, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2021. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recent Accounting Pronouncements : In March 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-02, "Financial Instruments - Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"). ASU 2022-02 eliminates the current guidance on troubled debt restructurings ("TDRs"), enhances current and introduces new disclosure requirements related to loan modifications. ASU 2022-02 is effective for the Company for fiscal years beginning after December 15, 2022. The Company has the option to early adopt, and is in the process of evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. Subsequent Events : On May 2, 2022, the Capital Trust II subordinated debentures described in Note 5 were redeemed for $ 3,093 . On April 21, 2022, the Company announced the adoption of a new stock repurchase program that authorize d the repurchase of up to 1,000,000 shares of the Company's common stock.

MARKETABLE SECURITIES

MARKETABLE SECURITIES	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
MARKETABLE SECURITIES	NOTE 2 - MARKETABLE SECURITIES The following tables summarize the amortized cost and fair value of available for sale and held to maturity securities as of March 31, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized gains and losses: March 31, 2022 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,012 $ — $ 731 $ 9,281 Corporate bonds 35,055 86 645 34,496 Mortgage-backed securities 212,489 131 14,728 197,892 Collateralized mortgage obligations 69,090 62 4,117 65,035 Total available for sale $ 326,646 $ 279 $ 20,221 $ 306,704 Held to maturity: Treasury securities $ 271,098 $ — $ 1,169 $ 269,929 Municipal securities 190,904 1,997 3,060 189,841 Mortgage-backed securities 32,287 — 1,534 30,753 Total held to maturity $ 494,289 $ 1,997 $ 5,763 $ 490,523 December 31, 2021 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,013 $ — $ 42 $ 9,971 Corporate bonds 35,080 940 85 35,935 Mortgage-backed securities 221,610 1,477 1,779 221,308 Collateralized mortgage obligations 74,925 971 904 74,992 Total available for sale $ 341,628 $ 3,388 $ 2,810 $ 342,206 Held to maturity: Municipal securities $ 181,310 $ 8,364 $ 118 $ 189,556 Mortgage-backed securities 2,953 — 37 2,916 Total held to maturity $ 184,263 $ 8,364 $ 155 $ 192,472 From time to time, we have reclassified certain securities from available for sale to held to maturity. Such transfers are made at fair value at the date of transfer. The net unrealized holding gains at the date of transfer are retained in other comprehensive income and in the carrying value of the held to maturity securities and are amortized over the remaining life of the security. The net unamortized, unrealized gain remaining on transferred securities included in accumulated other comprehensive (loss) income in the accompanying balance sheets totaled $ 8,084 at March 31, 2022, and $ 8,860 at December 31, 2021. This amount will be amortized out of accumulated other comprehensive (loss) income over the remaining life of the underlying securities as an adjustment of the yield on those securities. There is no allowance for credit losses recorded for our available for sale or held to maturity debt securities as of March 31, 2022 or December 31, 2021. Information pertaining to securities with gross unrealized losses as of March 31, 2022 and December 31, 2021, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total March 31, 2022 Gross Estimated Gross Estimated Gross Estimated Available for sale: U.S. government agencies $ ( 731 ) $ 9,281 $ — $ — $ ( 731 ) $ 9,281 Corporate bonds ( 645 ) 23,336 — — ( 645 ) 23,336 Mortgage-backed securities ( 12,285 ) 168,057 ( 2,443 ) 22,846 ( 14,728 ) 190,903 Collateralized mortgage obligations ( 4,117 ) 56,020 — — ( 4,117 ) 56,020 Total available for sale $ ( 17,778 ) $ 256,694 $ ( 2,443 ) $ 22,846 $ ( 20,221 ) $ 279,540 Held to maturity: Treasury securities $ ( 1,169 ) $ 269,929 $ — $ — ( 1,169 ) 269,929 Municipal securities ( 2,333 ) 41,962 ( 727 ) 2,347 ( 3,060 ) 44,309 Mortgage-backed securities ( 1,534 ) 30,753 — — ( 1,534 ) 30,753 Total held to maturity $ ( 5,036 ) $ 342,644 $ ( 727 ) $ 2,347 $ ( 5,763 ) $ 344,991 Less Than 12 Months 12 Months or Longer Total December 31, 2021 Gross Estimated Gross Estimated Gross Estimated Available for sale: U.S. government agencies $ ( 42 ) $ 9,971 $ — $ — $ ( 42 ) $ 9,971 Corporate bonds ( 85 ) 11,418 — — ( 85 ) 11,418 Mortgage-backed securities ( 1,383 ) 144,367 ( 396 ) 11,317 ( 1,779 ) 155,684 Collateralized mortgage obligations ( 904 ) 40,172 — — ( 904 ) 40,172 Total available for sale $ ( 2,414 ) $ 205,928 $ ( 396 ) $ 11,317 $ ( 2,810 ) $ 217,245 Held to maturity: Municipal securities $ ( 37 ) $ 7,772 $ ( 81 ) $ 2,996 $ ( 118 ) $ 10,768 Mortgage-backed securities ( 37 ) 2,916 — — ( 37 ) 2,916 Total held to maturity $ ( 74 ) $ 10,688 $ ( 81 ) $ 2,996 $ ( 155 ) $ 13,684 There were 152 investments in an unrealized loss position, of which 79 were available for sale debt securities in an unrealized loss position with no recorded allowance for credit losses as of March 31, 2022. The available for sale securities in a loss position were composed of U.S. government agencies, corporate bonds, collateralized mortgage obligations and mortgage-backed securities. Management evaluates available for sale debt securities in an unrealized loss position to determine whether the impairment is due to credit-related factors or noncredit-related factors. With respect to the collateralized mortgage obligations and mortgage-backed securities issued by the U.S. Government and its agencies, the Company has determined that a decline in fair value is not due to credit-related factors. The Company monitors the credit quality of other debt securities through the use of credit ratings and other factors specific to an individual security in assessing whether or not the decline in fair value of municipal or corporate securities, relative to their amortized cost, is due to credit-related factors. Triggers to prompt further investigation of securities when the fair value is less than the amortized cost are when a security has been downgraded and falls below an A credit rating, and the security’s unrealized loss exceeds 20 % of its book value. Consideration is given to (1) the extent to which fair value is less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the security for a period of time sufficient to allow for any anticipated recovery in fair value. Based on evaluation of available evidence, management believes the unrealized losses on the securities as of March 31, 2022 are not credit-related. Management does not have the intent to sell any of these securities and believes that it is more likely than not the Company will not have to sell any such securities before recovery of cost. The fair values are expected to recover as the securities approach their maturity date or repricing date or if market yields for the investments decline. Accordingly, no allowance for credit losses has been recorded for these securities. Management assesses held to maturity securities sharing similar risk characteristics on a collective basis for expected credit losses under CECL. As of March 31, 2022, our held to maturity securities consisted of municipal bonds, treasury securities and mortgage-backed securities issued by the U.S. Government and its agencies. With regard to the treasuries and mortgage-backed securities issued by the U.S. government, or agencies thereof, it is expected that the securities will not be settled at prices less than the amortized cost bases of the securities as such securities are backed by the full faith and credit of and/or guaranteed by the U.S. government. For municipal securities, management reviewed key risk indicators, including ratings by credit agencies when available, and determined that there is no current expectation of credit loss. Accordingly, no allowance for credit losses has been recorded for these securities. Mortgage-backed securities and collateralized mortgage obligations are backed by pools of mortgages that are insured or guaranteed by the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association or the Government National Mortgage Association. As of March 31, 2022 , there were no holdings of securities of any one issuer, other than the collateralized mortgage obligations and mortgage-backed securities issued by the U.S. government and its agencies, in an amount greater than 10% of total equity attributable to Guaranty Bancshares, Inc. Securities with fair values of approximately $ 349,612 and $ 310,958 at March 31, 2022 and December 31, 2021, respectively, were pledged to secure public fund deposits and for other purposes as required or permitted by law. There were no securities sold during the three months ended March 31, 2022 or 2021. The contractual maturities at March 31, 2022 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale Held to Maturity March 31, 2022 Amortized Estimated Amortized Estimated Due within one year $ — $ — $ 233,817 $ 233,217 Due after one year through five years 14,620 14,647 98,824 98,980 Due after five years through ten years 30,447 29,130 53,743 53,495 Due after ten years — — 75,618 74,078 Mortgage-backed securities 212,489 197,892 32,287 30,753 Collateralized mortgage obligations 69,090 65,035 — — Total securities $ 326,646 $ 306,704 $ 494,289 $ 490,523

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 3 - LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table summarizes the Company’s loan portfolio by type of loan as of: March 31, 2022 December 31, 2021 Commercial and industrial $ 270,074 $ 280,569 Real estate: Construction and development 318,035 307,797 Commercial real estate 674,558 622,842 Farmland 186,982 145,501 1-4 family residential 430,755 410,673 Multi-family residential 42,021 30,971 Consumer 52,670 50,965 Agricultural 14,403 14,639 Warehouse lending (1) 24,260 43,720 Overdrafts 303 363 Total loans (2) 2,014,061 1,908,040 Net of: Deferred loan fees, net ( 1,516 ) ( 1,531 ) Allowance for credit losses ( 29,096 ) ( 30,433 ) Total net loans (2) $ 1,983,449 $ 1,876,076 (1) Warehouse lending is presented as a component of commercial and industrial loans in remaining tables. (2) Excludes accrued interest receivable on loans of $ 5.8 million as of March 31, 2022 and December 31, 2021,which is presented separately on the consolidated balance sheets. The Company’s estimate of the allowance for credit losses (“ACL”) reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The following tables present the activity in the ACL by class of loans for the three months ended March 31, 2022, for the year ended December 31, 2021 and for the three months ended March 31, 2021: Quarter Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 (Reversal of) provision for credit losses 230 ( 323 ) ( 1,569 ) 302 ( 119 ) 60 146 ( 13 ) 36 ( 1,250 ) Loans charged-off ( 119 ) — — — — — ( 17 ) — ( 67 ) ( 203 ) Recoveries 39 — 1 — 30 — 16 — 30 116 Ending balance $ 3,750 $ 3,898 $ 12,197 $ 2,000 $ 5,729 $ 456 $ 907 $ 156 $ 3 $ 29,096 For the Year Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 (Reversal of) provision for credit losses ( 43 ) ( 515 ) ( 1,229 ) 478 ( 495 ) 33 ( 51 ) ( 78 ) 200 ( 1,700 ) Loans charged-off ( 411 ) — ( 816 ) — — — ( 151 ) — ( 263 ) ( 1,641 ) Recoveries 21 1 30 — — — 35 8 60 155 Ending balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 Quarter Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 Provision for credit losses ( 504 ) ( 538 ) 1,087 ( 163 ) 13 133 ( 29 ) ( 31 ) 32 — Loans charged-off ( 7 ) — ( 758 ) — — — ( 61 ) — ( 49 ) ( 875 ) Recoveries 7 1 — — — — 4 — 14 26 Ending balance $ 3,529 $ 4,198 $ 16,109 $ 1,057 $ 6,326 $ 496 $ 843 $ 208 $ 4 $ 32,770 D uring the year ended December 31, 2020, a total allowance for credit losses provision of $ 13,200 was recorded primarily to account for the estimated impact of COVID-19 on credit quality and resulted largely from changes to individual loan risk ratings, as well as COVID-specific qualitative factors primarily derived from changes in national GDP, Texas unemployment rates and national industry related CRE trends, all of which were impacted by the effects of COVID-19. During 2021, we recorded no provision in the first quarter, a $ 1,000 reverse provision in the second quarter and a $ 700 reverse provision in the third quarter. These provision reversals captured improvements that occurred to macroeconomic factors evaluated at the onset of the pandemic as part of the aforementioned COVID-specific qualitative factors, as well as risk rating upgrades for specific loans, which impacted the reserve calculations within our model. In the first quarter of 2022, we unwound the remaining COVID-specific qualitative factors and recorded an additional reverse provision of $ 1,250 to account for significant improvements in COVID-related health statistics and economic impacts. The Company uses the weighted-average remaining maturity ("WARM") method as the basis for the estimation of expected credit losses. The WARM method uses a historical average annual charge-off rate containing loss content over a historical lookback period and is used as a foundation for estimating the credit loss reserve for the remaining outstanding balances of loans in a segment at the balance sheet date. The average annual charge-off rate is applied to the contractual term, further adjusted for estimated prepayments, to determine the unadjusted historical charge-off rate. The calculation of the unadjusted historical charge-off rate is then adjusted, using qualitative factors, for current conditions and for reasonable and supportable forecast periods. Qualitative loss factors are based on the Company’s judgment of company, market, industry or business specific data, differences in loan-specific risk characteristics such as underwriting standards, portfolio mix, risk grades, delinquency level, or term. These qualitative factors serve to compensate for additional areas of uncertainty inherent in the portfolio that are not reflected in our historic loss factors. Additionally, we have adjusted for changes in expected environmental and economic conditions, such as changes in unemployment rates, property values, and other relevant factors over the next 12 to 24 months. Management adjusted the historical loss experience for these expectations. No reversion adjustments were necessary, as the starting point for the Company’s estimate was a cumulative loss rate covering the expected contractual term of the portfolio. The ACL is measured on a collective segment basis when similar risk characteristics exist. Our loan portfolio is segmented first by regulatory call report code, and second, by internally identified risk grades for our commercial loan segments and by delinquency status for our consumer loan segments. We also have separate segments for our warehouse lines of credit, for our internally originated SBA loans, for our SBA loans acquired from Westbound Bank and for SBA-guaranteed PPP loans. Consistent forecasts of the loss drivers are used across the loan segments. For loans that do not share general risk characteristics with segments, we estimate a specific reserve on an individual basis. A reserve is recorded when the carrying amount of the loan exceeds the discounted estimated cash flows using the loan's initial effective interest rate or the fair value of collateral for collateral-dependent loans. Assets are graded “pass” when the relationship exhibits acceptable credit risk and indicates repayment ability, tolerable collateral coverage and reasonable performance history. Lending relationships exhibiting potentially significant credit risk and marginal repayment ability and/or asset protection are graded “special mention.” Assets classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness that jeopardizes the liquidation of the debt. Substandard graded loans are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Assets graded “doubtful” are substandard graded loans that have added characteristics that make collection or liquidation in full improbable. Loans that are on nonaccrual status are generally classified as substandard. In general, the loans in our portfolio have low historical credit losses. The Company closely monitors economic conditions and loan performance trends to manage and evaluate the exposure to credit risk. Key factors tracked by the Company and utilized in evaluating the credit quality of the loan portfolio include trends in delinquency ratios, the level of nonperforming assets, borrower’s repayment capacity, and collateral coverage. The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2022: March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 42,707 $ 96,935 $ 27,986 $ 14,909 $ 5,920 $ 16,305 $ 88,106 $ 292,868 Special mention — 156 — — — — — 156 Substandard — — 265 659 210 37 — 1,171 Nonaccrual — 33 71 — — — 35 139 Total commercial and industrial loans $ 42,707 $ 97,124 $ 28,322 $ 15,568 $ 6,130 $ 16,342 $ 88,141 $ 294,334 Charge-offs $ — $ — $ ( 30 ) $ — $ — $ — $ ( 89 ) $ ( 119 ) Recoveries — — — — — 33 6 39 Current period net $ — $ — $ ( 30 ) $ — $ — $ 33 $ ( 83 ) $ ( 80 ) Construction and development: Pass $ 42,538 $ 176,595 $ 48,275 $ 18,242 $ 6,119 $ 18,559 $ 5,960 $ 316,288 Special mention — — 814 — — 932 — 1,746 Substandard — — — — 1 — — 1 Nonaccrual — — — — — — — — Total construction and development loans $ 42,538 $ 176,595 $ 49,089 $ 18,242 $ 6,120 $ 19,491 $ 5,960 $ 318,035 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 67,507 $ 137,731 $ 104,126 $ 76,086 $ 57,139 $ 173,813 $ 16,875 $ 633,277 Special mention — — — — 8,921 13,406 — 22,327 Substandard — — — — 1,034 17,415 — 18,449 Nonaccrual — — — 115 64 326 — 505 Total commercial real estate loans $ 67,507 $ 137,731 $ 104,126 $ 76,201 $ 67,158 $ 204,960 $ 16,875 $ 674,558 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — 1 — — 1 Current period net $ — $ — $ — $ — $ 1 $ — $ — $ 1 March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 45,866 $ 92,766 $ 12,486 $ 7,915 $ 7,375 $ 14,292 $ 5,914 $ 186,614 Special mention — — — — — — — — Substandard — — — — — 70 — 70 Nonaccrual — — 195 — — 103 — 298 Total farmland loans $ 45,866 $ 92,766 $ 12,681 $ 7,915 $ 7,375 $ 14,465 $ 5,914 $ 186,982 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 35,231 $ 131,940 $ 63,134 $ 38,256 $ 32,144 $ 112,524 $ 15,667 $ 428,896 Special mention — — — 91 — 203 — 294 Substandard — — — — — — — — Nonaccrual — 163 — — 172 1,230 — 1,565 Total 1-4 family residential loans $ 35,231 $ 132,103 $ 63,134 $ 38,347 $ 32,316 $ 113,957 $ 15,667 $ 430,755 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 30 — 30 Current period net $ — $ — $ — $ — $ — $ 30 $ — $ 30 Multi-family residential: Pass $ 12,469 $ 16,723 $ 2,742 $ 6,385 $ 900 $ 2,501 $ 301 $ 42,021 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 12,469 $ 16,723 $ 2,742 $ 6,385 $ 900 $ 2,501 $ 301 $ 42,021 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 8,612 $ 20,436 $ 9,551 $ 3,709 $ 3,965 $ 931 $ 5,375 $ 52,579 Special mention — 9 6 4 — 9 250 278 Substandard — — — — — — — — Nonaccrual — 50 6 26 31 3 — 116 Total consumer loans and overdrafts $ 8,612 $ 20,495 $ 9,563 $ 3,739 $ 3,996 $ 943 $ 5,625 $ 52,973 Charge-offs $ ( 68 ) $ ( 6 ) $ ( 10 ) $ — $ — $ — $ — $ ( 84 ) Recoveries 30 1 — 10 — 5 — 46 Current period net $ ( 38 ) $ ( 5 ) $ ( 10 ) $ 10 $ — $ 5 $ — $ ( 38 ) Agricultural: Pass $ 393 $ 2,952 $ 1,589 $ 830 $ 801 $ 621 $ 7,089 $ 14,275 Special mention — — — — — 6 — 6 Substandard — — 14 3 14 32 — 63 Nonaccrual — — — — 6 53 — 59 Total agricultural loans $ 393 $ 2,952 $ 1,603 $ 833 $ 821 $ 712 $ 7,089 $ 14,403 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 255,323 $ 676,078 $ 269,889 $ 166,332 $ 114,363 $ 339,546 $ 145,287 $ 1,966,818 Special mention — 165 820 95 8,921 14,556 250 24,807 Substandard — — 279 662 1,259 17,554 — 19,754 Nonaccrual — 246 272 141 273 1,715 35 2,682 Total loans $ 255,323 $ 676,489 $ 271,260 $ 167,230 $ 124,816 $ 373,371 $ 145,572 $ 2,014,061 Charge-offs $ ( 68 ) $ ( 6 ) $ ( 40 ) $ — $ — $ — $ ( 89 ) $ ( 203 ) Recoveries 30 1 — 10 1 68 6 116 Total current period net (charge-offs) recoveries $ ( 38 ) $ ( 5 ) $ ( 40 ) $ 10 $ 1 $ 68 $ ( 83 ) $ ( 87 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2021: December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 176,972 $ 31,337 $ 16,207 $ 6,449 $ 3,493 $ 14,657 $ 74,364 $ 323,479 Special mention — 88 — — 14 — — 102 Substandard — 272 55 192 40 1 — 560 Nonaccrual 14 101 — 22 — 11 — 148 Total commercial and industrial loans $ 176,986 $ 31,798 $ 16,262 $ 6,663 $ 3,547 $ 14,669 $ 74,364 $ 324,289 Charge-offs $ — $ — $ ( 168 ) $ ( 67 ) $ ( 115 ) $ — $ ( 61 ) $ ( 411 ) Recoveries — — — — — — 21 21 Current period net $ — $ — $ ( 168 ) $ ( 67 ) $ ( 115 ) $ — $ ( 40 ) $ ( 390 ) Construction and development: Pass $ 180,056 $ 68,765 $ 20,499 $ 6,507 $ 8,235 $ 13,565 $ 8,615 $ 306,242 Special mention — — — — 944 — — 944 Substandard — — 609 2 — — — 611 Nonaccrual — — — — — — — — Total construction and development loans $ 180,056 $ 68,765 $ 21,108 $ 6,509 $ 9,179 $ 13,565 $ 8,615 $ 307,797 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Commercial real estate: Pass $ 134,617 $ 93,806 $ 80,733 $ 59,380 $ 43,457 $ 145,477 $ 16,065 $ 573,535 Special mention — 765 — — 4,550 788 — 6,103 Substandard — 6,987 — 10,041 12,981 12,553 — 42,562 Nonaccrual — — 124 69 32 337 80 642 Total commercial real estate loans $ 134,617 $ 101,558 $ 80,857 $ 69,490 $ 61,020 $ 159,155 $ 16,145 $ 622,842 Charge-offs $ — $ — $ ( 17 ) $ ( 56 ) $ ( 472 ) $ ( 271 ) $ — $ ( 816 ) Recoveries — — 19 — 11 — — 30 Current period net $ — $ — $ 2 $ ( 56 ) $ ( 461 ) $ ( 271 ) $ — $ ( 786 ) December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 94,491 $ 11,868 $ 8,664 $ 7,456 $ 5,191 $ 11,145 $ 6,290 $ 145,105 Special mention — — — — — 26 — 26 Substandard — — — — — 72 — 72 Nonaccrual — 195 — — — 103 — 298 Total farmland loans $ 94,491 $ 12,063 $ 8,664 $ 7,456 $ 5,191 $ 11,346 $ 6,290 $ 145,501 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 132,448 $ 64,590 $ 43,016 $ 36,501 $ 26,987 $ 91,864 $ 13,714 $ 409,120 Special mention — — — — — 18 — 18 Substandard — — — — — — — — Nonaccrual 170 — — 180 58 1,127 — 1,535 Total 1-4 family residential loans $ 132,618 $ 64,590 $ 43,016 $ 36,681 $ 27,045 $ 93,009 $ 13,714 $ 410,673 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 16,663 $ 4,286 $ 6,436 $ 908 $ 474 $ 2,113 $ 91 $ 30,971 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 16,663 $ 4,286 $ 6,436 $ 908 $ 474 $ 2,113 $ 91 $ 30,971 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 24,715 $ 11,589 $ 4,557 $ 4,647 $ 558 $ 543 $ 4,478 $ 51,087 Special mention 76 — 5 — — — — 81 Substandard — — — — — — — — Nonaccrual 56 27 10 62 5 — — 160 Total consumer loans and overdrafts $ 24,847 $ 11,616 $ 4,572 $ 4,709 $ 563 $ 543 $ 4,478 $ 51,328 Charge-offs $ ( 285 ) $ ( 36 ) $ ( 57 ) $ ( 32 ) $ ( 2 ) $ ( 2 ) $ — $ ( 414 ) Recoveries 61 3 — 8 2 21 — 95 Current period net $ ( 224 ) $ ( 33 ) $ ( 57 ) $ ( 24 ) $ — $ 19 $ — $ ( 319 ) Agricultural: Pass $ 3,557 $ 1,866 $ 927 $ 917 $ 221 $ 526 $ 6,492 $ 14,506 Special mention — — — — 13 — — 13 Substandard — 14 4 15 39 — — 72 Nonaccrual — — — 8 — 40 — 48 Total agricultural loans $ 3,557 $ 1,880 $ 931 $ 940 $ 273 $ 566 $ 6,492 $ 14,639 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 8 — 8 Current period net $ — $ — $ — $ — $ — $ 8 $ — $ 8 Total loans: Pass $ 763,519 $ 288,107 $ 181,039 $ 122,765 $ 88,616 $ 279,890 $ 130,109 $ 1,854,045 Special mention 76 853 5 — 5,521 832 — 7,287 Substandard — 7,273 668 10,250 13,060 12,626 — 43,877 Nonaccrual 240 323 134 341 95 1,618 80 2,831 Total loans $ 763,835 $ 296,556 $ 181,846 $ 133,356 $ 107,292 $ 294,966 $ 130,189 $ 1,908,040 Charge-offs $ ( 285 ) $ ( 36 ) $ ( 242 ) $ ( 155 ) $ ( 589 ) $ ( 273 ) $ ( 61 ) $ ( 1,641 ) Recoveries 61 3 19 8 13 30 21 155 Total current period net charge-offs $ ( 224 ) $ ( 33 ) $ ( 223 ) $ ( 147 ) $ ( 576 ) $ ( 243 ) $ ( 40 ) $ ( 1,486 ) There were no loans classified in the “doubtful” or “loss” risk rating categories as of March 31, 2022 and December 31, 2021. The following tables presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loan, and their impact on the ACL, as of March 31, 2022 and December 31, 2021: March 31, 2022 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 757 $ — $ 757 $ 282 Real estate: Commercial real estate 4,295 — 4,295 553 Consumer 250 — 250 250 Total $ 5,302 $ — $ 5,302 $ 1,085 December 31, 2021 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 129 $ — $ 129 $ 44 Real estate: Construction and development 609 — 609 208 Commercial real estate 9,989 — 9,989 2,048 Total $ 10,727 $ — $ 10,727 $ 2,300 The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: March 31, 2022 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 223 $ — $ 119 $ 342 $ 293,992 $ 294,334 $ — Real estate: Construction and 170 — — 170 317,865 318,035 — Commercial real 727 6,990 — 7,717 666,841 674,558 — Farmland 100 433 195 728 186,254 186,982 — 1-4 family residential 2,674 625 234 3,533 427,222 430,755 — Multi-family residential — — — — 42,021 42,021 — Consumer 226 287 34 547 52,123 52,670 — Agricultural 105 — — 105 14,298 14,403 — Overdrafts — — — — 303 303 — Total $ 4,225 $ 8,335 $ 582 $ 13,142 $ 2,000,919 $ 2,014,061 $ — December 31, 2021 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 969 $ 38 $ 134 $ 1,141 $ 323,148 $ 324,289 $ — Real estate: Construction and 885 132 — 1,017 306,780 307,797 — Commercial real — 360 350 710 622,132 622,842 — Farmland 114 87 195 396 145,105 145,501 — 1-4 family residential 1,650 123 410 2,183 408,490 410,673 — Multi-family residential — — — — 30,971 30,971 — Consumer 189 113 68 370 50,595 50,965 — Agricultural 41 8 — 49 14,590 14,639 — Overdrafts — — — — 363 363 — Total $ 3,848 $ 861 $ 1,157 $ 5,866 $ 1,902,174 $ 1,908,040 $ — The following table presents information regarding nonaccrual loans as of: March 31, 2022 December 31, 2021 Commercial and industrial $ 139 $ 148 Real estate: Commercial real estate 505 642 Farmland 298 298 1-4 family residential 1,565 1,535 Consumer and overdrafts 116 160 Agricultural 59 48 Total $ 2,682 $ 2,831 Troubled Debt Restructurings A troubled debt restructuring (“TDR”) is a restructuring in which a bank, for economic or legal reasons related to a borrower's financial difficulties, grants a concession to the borrower that it would not otherwise consider. There were no loans modified as TDRs during the three months ended March 31, 2022. The following table presents loans, by class, modified as TDRs during the year ended December 31, 2021: Year Ended December 31, 2021 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Commercial and industrial 1 17 14 Total 1 $ 17 $ 14 There were no TDRs that subsequently defaulted during 2021 , and the TDRs described above did no t increase the allowance for credit losses and resulted in no charge-offs during the year ended December 31, 2021 .

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT	NOTE 4 - SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT At March 31, 2022 and December 31, 2021, securities sold under agreements to repurchase totaled $ 11,090 and $ 14,151 , respectively. The Company has an unsecured $ 25,000 revolving line of credit, which had no outstanding balance at March 31, 2022, bears interest at the greater of (i) the prime rate, which was 3.50 % at March 31, 2022, or (ii) the rate floor of 3.50 %, with interest payable quarterly, and matures in March 2023. As of December 31, 2021, there was a $ 5,000 outstanding balance on the line of credit. Federal Home Loan Bank (FHLB) advances, as of March 31, 2022, were as follows: Fixed rate advances, with monthly interest payments, principal due in: Year Current Principal Due 2022 1.99 % $ 1,500 2024 1.76 % 6,000 $ 7,500 There are no fixed rate advances, with monthly principal and interest payments outstanding as of March 31, 2022 .

SUBORDINATED DEBT

SUBORDINATED DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
SUBORDINATED DEBT	NOTE 5 - SUBORDINATED DEBT Subordinated debt was made up of the following as of: March 31, 2022 December 31, 2021 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,336 — Other debentures 9,500 9,500 $ 54,146 $ 19,810 The Company has three trusts, Guaranty (TX) Capital Trust II (“Trust II”), Guaranty (TX) Capital Trust III (“Trust III”), and DCB Financial Trust I (“DCB Trust I”) (“Trust II”, “Trust III” and together with “DCB Trust I,” the “Trusts”). Upon formation, the Trusts issued pass-through securities (“TruPS”) with a liquidation value of $ 1,000 per share to third parties in private placements. Concurrently with the issuance of the TruPS, the Trusts issued common securities to the Company. The Trusts invested the proceeds of the sales of securities to the Company (“Debentures”). The Debentures mature approximately 30 years after the formation date, which may be shortened if certain conditions are met (including the Company having received prior approval of the Federal Reserve and any other required regulatory approvals). Trust II Trust III DCB Trust I Formation date October 30, 2002 July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 3,000 2,000 5,000 Original liquidation value $ 3,000 $ 2,000 $ 5,000 Common securities liquidation value 93 62 155 The securities held by the Trusts qualify as Tier 1 capital for the Company under Federal Reserve Board guidelines. The Federal Reserve’s guidelines restrict core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the full amount is includable in Tier 1 capital at March 31, 2022 and December 31, 2021. Additionally, the terms provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the junior subordinated debentures. With certain exceptions, the amount of the principal and any accrued and unpaid interest on the Debentures are subordinated in right of payment to the prior payment in full of all senior indebtedness of the Company. Interest on the Debentures is payable quarterly. The interest is deferrable on a cumulative basis for up to five consecutive years following a suspension of dividend payments on all other capital stock. No principal payments are due until maturity for each of the Debentures. Trust II Debentures Trust III Debentures DCB Trust I Original amount $ 3,093 $ 2,062 $ 5,155 Maturity date October 30, 2032 October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly Quarterly In accordance with ASC 810, " Consolidation, " the junior subordinated debentures issued by the Company to the subsidiary trusts are shown as liabilities in the consolidated balance sheets and interest expense associated with the junior subordinated debentures is shown in the consolidated statements of earnings. Trust II Debentures These debentures were redeemed subsequent to quarter end, prior to filing of this report. As of March 31, 2022, interest was payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 3.35 %. Trust III Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 1.67 %. On any interest payment date on or after October 1, 2016 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 , but not more than 60 days ’ notice, in whole or in part, at a redemption price equal to 100 % of the principal amount to be redeemed, plus accrued interest to the date of redemption. DCB Trust I Debentures Interest is payable at a variable rate per annum, reset quarterly, equal to 3 month LIBOR plus 1.80 %. On any interest payment date on or after June 15, 2012 and prior to maturity date, the debentures are redeemable for cash at the option of the Company, on at least 30 , but not more than 60 days ’ notice, in whole or in part, at a redemption price equal to 100 % of the principal amount to be redeemed, plus accrued interest to the date of redemption. Subordinated Note On March 4, 2022, the Company completed a private placement of $ 35,000 aggregate principal amount of its fixed-to-floating rate subordinated note due April 1, 2032. The subordinated note initially bears a fixed interest rate of 3.625 % per year, due semi-annual in arrears on April 1 and October 1. Commencing on April 1, 2027, the interest rate on the subordinated note will reset each quarter at a floating interest rate equal to the then-current three month term Secured Overnight Financing Rate ("SOFR") plus 192 basis points. The Company may at its option redeem in whole or in part the subordinated note on or after March 4, 2027 without a premium. The subordinated note is treated as Tier 2 Capital for regulatory purposes, and is presented net of $ 664 in related issuance costs on the consolidated balance sheets. Other Debentures In May 2020, the Company issued $ 10,000 in debentures to directors and other related parties. The debentures were issued at a par value of $ 500 each with fixed annual rates between 1.00 % and 4.00 % and maturity dates between November 1, 2020 and November 1, 2024 . $ 500 matured in November of 2020 and $ 9,500 remain as of March 31, 2022 . At the Company’s option, and with 30 days advanced notice to the holder, the entire principal amount and all accrued interest may be paid to the holder on or before the due date of any debenture. The redemption price is equal to 100 % of the face amount of the debenture redeemed, plus all accrued interest. The scheduled principal payments and weighted average rates of the subordinated note and other debentures are as follows: Year Current Principal Due 2022 2.45 % $ 2,000 2023 2.85 % 3,500 2024 3.74 % 4,000 Thereafter 3.63 % 34,336 $ 43,836

EQUITY AWARDS

EQUITY AWARDS	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
EQUITY AWARDS	NOTE 6 – EQUITY AWARDS The Company’s 2015 Equity Incentive Plan (the “Plan”) was adopted by the Company and approved by its shareholders in April 2015. The maximum number of shares of common stock that may be issued pursuant to stock-based awards under the Plan equals 1,100,000 shares, all of which may be subject to incentive stock option treatment. Option awards are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant; those option awards have vesting periods ranging from 5 to 10 years and have 10-year contractual terms. Restricted stock awards vest under the period of restriction specified within their respective award agreements as determined by the Company. Forfeitures are recognized as they occur, subject to a 90-day grace period for vested options. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on historical volatilities of the Company’s common stock and similar peer group averages. The Company uses historical data to estimate option exercise and post-vesting termination behavior. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes in to account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on U.S. Treasury yield curve in effect at the time of the grant. A summary of stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 502,780 $ 25.77 5.59 $ 5,936 Granted 39,000 35.89 Forfeited ( 5,060 ) 26.92 Balance, March 31, 2022 536,720 $ 26.50 5.65 $ 4,626 Exercisable at end of period 307,086 $ 24.30 4.28 $ 3,285 Three Months Ended March 31, 2021 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 506,200 $ 26.81 5.82 $ 1,805 Effect of 10 % stock dividend 50,770 Granted 24,500 33.37 Exercised ( 24,250 ) 21.74 Forfeited ( 10,000 ) 28.54 Balance, March 31, 2021 547,220 $ 24.81 5.88 $ 6,532 Exercisable at end of period 296,922 $ 23.49 4.64 $ 3,938 A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 207,084 $ 5.23 Granted 39,000 6.03 Vested ( 14,030 ) 5.21 Forfeited ( 2,420 ) 9.13 Balance, March 31, 2022 229,634 $ 5.38 Three Months Ended March 31, 2021 Number of Weighted-Average Outstanding at beginning of year 214,680 $ 4.46 Effect of 10 % stock dividend 23,218 Granted 24,500 5.67 Vested ( 12,100 ) 4.59 Balance, March 31, 2021 250,298 $ 5.11 No options were exercised during the quarter ended March 31, 2022 . Information related to stock options in the Plan is as follows for the three months ended: March 31, 2022 March 31, 2021 Intrinsic value of options exercised $ — $ 364 Cash received from options exercised — 527 Weighted average fair value of options granted 6.03 5.67 Restricted Stock Awards and Units A summary of restricted stock activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 30,190 $ 27.52 Vested ( 4,070 ) 27.50 Balance, March 31, 2022 26,120 $ 27.52 Three Months Ended March 31, 2021 Number of Weighted-Average Outstanding at beginning of year 35,300 $ 29.72 Effect of 10 % stock dividend 3,530 Vested ( 4,840 ) 30.25 Balance, March 31, 2021 33,990 $ 26.95 Restricted stock granted to employees typically vests over five years , but vesting periods may vary. Compensation expense for these grants will be recognized over the vesting period of the awards based on the fair value of the stock at the issue date. As of March 31, 2022, there was $ 1,817 of total unrecognized compensation expense related to unvested stock options granted under the Plan. The expense is expected to be recognized over a weighted-average period of 3.17 years. The Company granted options under the Plan during the first three months of 2022 and 2021. Expense of $ 156 and $ 162 was recorded during the three months ended March 31, 2022 and 2021 , respectively, which represents the fair value of shares vested during those periods.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE BENEFITS	NOTE 7 - EMPLOYEE BENEFITS KSOP The Company maintains an Employee Stock Ownership Plan containing Section 401(k) provisions covering substantially all employees (“KSOP”). The plan provides for a matching contribution of up to 5 % of a participant’s qualified compensation starting January 1, 2016. Guaranty’s total contributions accrued or paid during the three months ended March 31, 2022 and 2021 totaled $ 436 and $ 404 , respectively. Upon separation from service or other distributable event, a participant’s account under the KSOP may be distributed in kind in the form of the GNTY common shares allocated to his or her account (with the balance payable in cash), or the entire account can be liquidated and distributed in cash. As of March 31, 2022, the number of shares held by the KSOP was 1,242,594 . There were no unallocated shares to plan participants as of March 31, 2022, and all shares held by the KSOP were treated as outstanding. Executive Incentive Retirement Plan The Company established a non-qualified, non-contributory executive incentive retirement plan covering a selected group of key personnel to provide benefits equal to amounts computed under an “award criteria” at various targeted salary levels as adjusted for annual earnings performance of the Company. The plan is non-funded. In connection with the Executive Incentive Retirement Plan, the Company has purchased life insurance policies on the respective officers. The cash surrender value of life insurance policies held by the Company totaled $ 37,352 and $ 37,141 as of March 31, 2022 and December 31, 2021, respectively. Expense related to these plans totaled $ 322 and $ 358 for the three months ended March 31, 2022 and 2021, respectively. This expense is included in employee compensation and benefits on the Company’s consolidated statements of earnings. The recorded liability totaled approximately $ 5,134 and $ 4,969 as of March 31, 2022 and December 31, 2021, respectively and is included in accrued interest and other liabilities on the Company’s consolidated balance sheets. Bonus Plan The Company has a bonus plan that rewards officers and employees based on performance of individual business units of the Company. Earnings and growth performance goals for each business unit and for the Company as a whole are established at the beginning of the calendar year and approved annually by Guaranty’s board of directors. The bonus plan provides for a predetermined bonus amount to be contributed to the employee bonus pool based on (i) earnings target and growth for individual business units and (ii) achieving certain pre-tax return on average equity and pre-tax return on average asset levels for the Company as a whole. These bonus amounts are established annually by Guaranty’s board of directors. The bonus expense under this plan for the three months ended March 31, 2022 and 2021 totaled $ 1,267 and $ 880 , respectively. This expense is included in employee compensation and benefits on the consolidated statements of earnings.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
LEASES	NOTE 8 – LEASES The Company has operating leases for bank locations, ATMs, corporate offices, and certain other arrangements, which have remaining lease terms of 1 year to 14 years . Some of the Company’s operating leases include options to extend the leases for up to 10 years . Operating leases in which we are the lessee must be recorded as right-of-use assets with corresponding lease liabilities. The right-of-use asset represents our right to utilize the underlying asset during the lease term, while the lease liability represents the present value of the obligation of the Company to make periodic lease payments over the life of the lease. The associated operating lease costs are comprised of the amortization of the right-of-use asset and the implicit interest accreted on the lease liability, which is recognized on a straight-line basis over the life of the lease. As of March 31, 2022, operating lease right-of-use assets were $ 13,911 and liabilities were $ 14,477 , and as of December 31, 2021 , lease assets and liabilities were $ 14,376 and $ 14,882 , respectively, and were included within the accompanying consolidated balance sheets as components of other assets and accrued interest and other liabilities, respectively. Operating lease expense for operating leases accounted for under ASC 842 for the three months ended March 31, 2022 and 2021 was approximately $ 549 and $ 568 , respectively, and is included as a component of occupancy expenses within the accompanying consolidated statements of earnings. The table below summarizes other information related to our operating leases as of: March 31, 2022 December 31, 2021 Operating leases Operating lease right-of-use assets $ 13,911 $ 14,376 Operating lease liabilities 14,477 14,882 Weighted average remaining lease term Operating leases 8 years 8 years Weighted average discount rate Operating leases 1.96 % 1.95 % The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2026 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2022, are as follows: Year Ended December 31, Amount 2022 $ 1,606 2023 2,093 2024 2,039 2025 1,870 2026 1,642 Thereafter 5,874 Total lease payments 15,124 Less: interest ( 647 ) Present value of lease liabilities $ 14,477

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 9 - INCOME TAXES Income tax expense was as follows for: Three Months Ended 2022 2021 Income tax expense for the period $ 2,235 $ 2,336 Effective tax rate 17.23 % 17.57 % The effective tax rates differ from the statutory federal tax rate of 21 % for the three months ended March 31, 2022 and 2021 , largely due to tax exempt interest income earned on certain investment securities and loans.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	NOTE 10 - DERIVATIVE FINANCIAL INSTRUMENTS The Company utilizes certain derivative financial instruments. Stand-alone derivative financial instruments such as interest rate swaps, are used to economically hedge interest rate risk related to the Company’s liabilities. These derivative instruments involve both credit and market risk. The notional amounts are amounts on which calculations, payments, and the value of the derivative are based. Notional amounts do not represent direct credit exposures. Direct credit exposure is limited to the net difference between the calculated amounts to be received and paid, if any. Such difference, which represents the fair value of the derivative instruments, is reflected on the Company’s consolidated balance sheets in other liabilities. The Company is exposed to credit related losses in the event of nonperformance by the counterparties to those agreements. The Company controls the credit risk of its financial contracts through credit approvals, limits and monitoring procedures, and does not expect any counterparties to fail to perform their respective obligations. The Company entered into interest rate swaps to receive payments at a fixed rate in exchange for paying a floating rate on the debentures discussed in Note 5. Management believed that entering into the interest rate swaps exposed the Company to variability in their fair value due to changes in the level of interest rates. It was the Company’s objective to hedge the change in fair value of floating rate debentures at coverage levels that were appropriate, given anticipated or existing interest rate levels and other market considerations, as well as the relationship of change in the liability to other liabilities of the Company. During the quarter ended September 30, 2021, Guaranty terminated these interest rate swaps with notional amounts totaling $ 5,000 at the time of termination, as the risk exposure declined to acceptable levels. In the first quarter of 2022, the Company also terminated interest rate swaps that were originally designed to receive payments at a floating rate in exchange for paying a fixed rate, the objective of which was to reduce the overall cost of short-term 3-month FHLB advances that were renewed consistent with the reset terms on the interest rate swaps. The swaps were cancelled at a net gain of $ 685 , which is included in other non-interest income in the Consolidated Statement of Earnings. The interest rate swaps, with notional amounts totaling $ 40,000 as of December 31, 2021, were designated as cash flow hedges of the FHLB advances. As of December 31, 2021, the aggregate fair value of these swaps was recorded in accrued interest and other liabilities within the Company’s Consolidated Balance Sheet, with changes in fair value recorded in other comprehensive income. The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures and FHLB advances was as follows as of: December 31, 2021 Notional Pay Receive Effective Maturity Unrealized $ 15,000 0.668 % 3 month LIBOR 3/18/2020 1.22 8 15,000 0.790 % 3 month LIBOR 3/18/2020 3.22 ( 184 ) 10,000 0.530 % 3 month LIBOR 3/23/2020 1.23 ( 12 ) Interest expense recorded on these swap transactions totaled $ 63 and $ 155 during the three months ended March 31, 2022 and 2021 , respectively. This expense is reported as a component of interest expense on the debentures and the FHLB advances and federal funds purchased.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 11 - COMMITMENTS AND CONTINGENCIES In the normal course of business, the Company enters into various transactions, which, in accordance with GAAP, are not included in its consolidated balance sheets. These transactions are referred to as “off-balance sheet commitments.” The Company enters into these transactions to meet the financing needs of its customers. These transactions include commitments to extend credit and letters of credit, which involve elements of credit risk in excess of the amounts recognized in the consolidated balance sheets. The Company minimizes its exposure to loss under these commitments by subjecting them to credit approval and monitoring procedures. The Company enters into contractual commitments to extend credit, normally with fixed expiration dates or termination clauses, at specified rates and for specific purposes. Customers use credit commitments to ensure that funds will be available for working capital purposes, for capital expenditures and to ensure access to funds at specified terms and conditions. Substantially all of the Company’s commitments to extend credit are contingent upon customers maintaining specific credit standards at the time of loan funding. Management considers the likelihood of commitments and letters of credit to be funded, along with credit related conditions present in the loan agreements when estimating an ACL for off-balance sheet commitments. Loan agreements executed in connection with construction loans and commercial lines of credit have standard conditions which must be met prior to the Company being required to provide additional funding, including conditions precedent that typically include: (i) no event of default or potential default has occurred; (ii) that no material adverse events have taken place that would materially affect the borrower or the value of the collateral, (iii) that the borrower remains in compliance with all loan obligations and covenants and has made no misrepresentations; (iv) that the collateral has not been damaged or impaired; (v) that the project remains on budget and in compliance with all laws and regulations; and (vi) that all management agreements, lease agreements and franchise agreements that affect the value of the collateral remain in force. If the conditions precedent have not been met, the Company retains the option to cease current draws and/or future funding. As a result of these conditions within our loan agreements, management has determined that credit risk is minimal and there is no recorded ACL as of March 31, 2022 and December 31, 2021. Letters of credit are written conditional commitments issued by the Company to guarantee the performance of a customer to a third party. The Company’s policies generally require that letters of credit arrangements contain security and debt covenants similar to those contained in loan agreements. In the event the customer does not perform in accordance with the terms of the agreement with the third party, the Company would be required to fund the commitment. The maximum potential amount of future payments the Company could be required to make is represented by the contractual amount shown in the table below. If the commitment were funded, the Company would be entitled to seek recovery from the customer. As of March 31, 2022 and December 31, 2021 , no amounts have been recorded as liabilities for the Bank’s potential obligations under these guarantees. Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount March 31, 2022 December 31, 2021 Commitments to extend credit $ 426,745 $ 405,269 Letters of credit 9,421 8,357 Litigation The Company is involved in certain claims and lawsuits occurring in the normal course of business. Management, after consultation with legal counsel, does not believe that the outcome of these actions, if determined adversely, would have a material impact on the consolidated financial statements of the Company. FHLB Letters of Credit At March 31, 2022, the Company had letters of credit of $ 31,033 pledged to secure public deposits, repurchase agreements, and for other purposes required or permitted by law.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2022
Banking And Thrifts [Abstract]
REGULATORY MATTERS	NOTE 12 - REGULATORY MATTERS The Company on a consolidated basis and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company must meet specific capital guidelines that involve quantitative measures of the Company’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The Company’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Basel III Capital Rules, a comprehensive capital framework for U.S. banking organizations, became effective for the Company and Bank on January 1, 2015, with certain transition provisions that were fully phased in on January 1, 2019. Quantitative measures established by the Basel III Capital Rules to ensure capital adequacy require the maintenance of minimum amounts and ratios (set forth in the table below) of Common Equity Tier 1 capital, Tier 1 capital and Total capital (as defined in the regulations) to risk-weighted assets (as defined), and or Tier 1 capital to adjusted quarterly average assets (as defined). Management believes, as of March 31, 2022 and December 31, 2021, that the Bank met all capital adequacy requirements to which it was subject. The Basel III Capital Rules, among other things, have (i) introduced a new capital measure called “Common Equity Tier 1” (“CET1”), (ii) specified that Tier 1 capital consist of CET1 and “Additional Tier 1 Capital” instruments meeting specified requirements, (iii) defined CET1 narrowly by requiring that most deductions/adjustments to regulatory capital measures be made to CET1 and not to the other components of capital, (iv) expanded the scope of the deductions/adjustments as compared to existing regulations, and (v) imposed a "capital conservation buffer" of 2.5 % above minimum risk-based capital requirements, below which an institution would be subject to limitations on certain activities including payment of dividends, share repurchases and discretionary bonuses to executive officers. As of March 31, 2022 and December 31, 2021, the Company’s capital ratios exceeded those levels necessary to be categorized as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized”, the Company must maintain minimum total risk-based, CET1, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the table. There are no conditions or events since March 31, 2022 that management believes have changed the Company’s category. The Federal Reserve’s guidelines regarding the capital treatment of trust preferred securities limits restricted core capital elements (including trust preferred securities and qualifying perpetual preferred stock) to 25% of all core capital elements, net of goodwill less any associated deferred tax liability. Because the Company’s aggregate amount of trust preferred securities is less than the limit of 25% of Tier 1 capital, net of goodwill, the rules permit the inclusion of $ 10,310 of trust preferred securities in Tier 1 capital as of March 31, 2022 and December 31, 2021. Additionally, the rules provide that trust preferred securities would no longer qualify for Tier 1 capital within five years of their maturity, but would be included as Tier 2 capital. However, the trust preferred securities would be amortized out of Tier 2 capital by one-fifth each year and excluded from Tier 2 capital completely during the year prior to maturity of the subordinated debentures. A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2022 Total capital to risk-weighted assets: Consolidated $ 339,743 15.89 % $ 171,045 8.00 % $ 224,496 10.50 % n/a Bank 324,424 15.17 % 171,045 8.00 % 224,496 10.50 % $ 213,806 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 278,653 13.03 % 128,283 6.00 % 181,735 8.50 % n/a Bank 297,670 13.92 % 128,283 6.00 % 181,735 8.50 % 171,045 8.00 % Tier 1 capital to average assets: (1) Consolidated 278,653 8.99 % 123,998 4.00 % 123,998 4.00 % n/a Bank 297,670 9.60 % 123,967 4.00 % 123,967 4.00 % 154,959 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 268,343 12.55 % 96,213 4.50 % 149,664 7.00 % n/a Bank 297,670 13.92 % 96,213 4.50 % 149,664 7.00 % 138,974 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2021 Total capital to risk-weighted assets: Consolidated $ 297,370 14.51 % $ 163,986 8.00 % $ 215,232 10.50 % n/a Bank 311,335 15.19 % 163,936 8.00 % 215,166 10.50 % $ 204,920 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 271,696 13.25 % 122,990 6.00 % 174,235 8.50 % n/a Bank 285,661 13.94 % 122,952 6.00 % 174,182 8.50 % 163,936 8.00 % Tier 1 capital to average assets: (1) Consolidated 271,696 9.18 % 118,369 4.00 % 118,369 4.00 % n/a Bank 285,661 9.66 % 118,345 4.00 % 118,345 4.00 % 147,931 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 261,386 12.75 % 92,242 4.50 % 143,488 7.00 % n/a Bank 285,661 13.94 % 92,214 4.50 % 143,444 7.00 % 133,198 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Dividends paid by Guaranty are mainly provided by dividends from its subsidiaries. However, certain regulatory restrictions exist regarding the ability of its bank subsidiary to transfer funds to Guaranty in the form of cash dividends, loans or advances. The amount of dividends that a subsidiary bank organized as a national banking association, such as the Bank, may declare in a calendar year is the subsidiary bank’s net profits for that year combined with its retained net profits for the preceding two years.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	NOTE 13 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1 - Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2 - Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company used the following methods and significant assumptions to estimate fair value: Marketable Securities : The fair values for marketable securities are determined by quoted market prices, if available (Level 1). For securities where quoted prices are not available, fair values are calculated based on market prices of similar securities (Level 2). For securities where quoted prices or market prices of similar securities are not available, fair values are calculated using discounted cash flows or other market indicators (Level 3). Loans Held For Sale : Loans held for sale are carried at the lower of cost or fair value, which is evaluated on a pool-level basis. The fair value of loans held for sale is determined using quoted prices for similar assets, adjusted for specific attributes of that loan or other observable market data, such as outstanding commitments from third party investors (Level 2). Derivative Instruments : The fair values of derivatives are based on valuation models using observable market data as of the measurement date (Level 2). Other Real Estate Owned : Assets acquired through or instead of loan foreclosure are initially recorded at fair value less costs to sell when acquired, establishing a new cost basis. These assets are subsequently accounted for at lower of cost or fair value less estimated costs to sell. Fair value is commonly based on recent real estate appraisals which are updated no less frequently than annually. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Real estate owned properties are evaluated on a quarterly basis for additional impairment and adjusted accordingly (Level 3). Individually Evaluated Collateral Dependent Loans : The fair value of individually evaluated collateral dependent loans is generally based on the fair value of collateral, less costs to sell. The fair value of real estate collateral is determined using recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments are usually significant (Level 3). Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation, and management’s expertise and knowledge of the client and client’s business (Level 3). The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: March 31, 2022 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Treasury securities $ — $ — $ — $ — Mortgage-backed securities 197,892 — 197,892 — Collateralized mortgage obligations 65,035 — 65,035 — Municipal securities — — — — Corporate bonds 34,496 — 34,496 — U.S. government agencies 9,281 — 9,281 — Loans held for sale 1,166 — — 1,166 Cash surrender value of life insurance 37,352 — 37,352 — SBA servicing assets 1,004 — — 1,004 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,217 — — 4,217 December 31, 2021 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 221,308 $ — $ 221,308 $ — Collateralized mortgage obligations 74,992 — 74,992 — Municipal securities — — — — Corporate bonds 35,935 — 35,935 — U.S. government agencies 9,971 — 9,971 — Loans held for sale 4,129 — — 4,129 Cash surrender value of life insurance 37,141 — 37,141 — SBA servicing assets 877 — — 877 Derivative instrument assets ( 196 ) — ( 196 ) — Derivative instrument liabilities 8 — 8 — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,244 — — 4,244 There were no transfers between Level 2 and Level 3 during the three months ended March 31, 2022 or for the year ended December 31, 2021. Nonfinancial Assets and Nonfinancial Liabilities Nonfinancial assets measured at fair value on a nonrecurring basis usually include certain foreclosed assets which, upon initial recognition, are remeasured and reported at fair value through a charge-off to the allowance for credit losses and certain foreclosed assets which, subsequent to their initial recognition, are remeasured at fair value through a write-down included in current earnings. The fair value of a foreclosed asset is usually estimated using Level 2 inputs based on observable market data or Level 3 inputs based on customized discounting criteria. As of March 31, 2022 and 2021, and December 31, 2021 , there were no foreclosed assets that were remeasured and recorded at fair value. As of March 31, 2022 and December 31, 2021 , there were no nonrecurring level 3 fair value measurements requiring quantitative information. The following table presents information on individually evaluated collateral dependent loans as of March 31, 2022: Fair Value Measurements Using March 31, 2022 Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 475 $ 475 Real estate: Construction and development — — — — Commercial real estate — — 3,742 3,742 Total $ — $ — $ 4,217 $ 4,217 The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2022 and December 31, 2021, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 222,091 $ 222,091 $ — $ — $ 222,091 Marketable securities held to maturity 494,289 — 490,523 — 490,523 Loans, net 1,983,449 — — 1,951,997 1,951,997 Accrued interest receivable 8,961 — 8,961 — 8,961 Nonmarketable equity securities 12,513 — 12,513 — 12,513 Financial liabilities: Deposits $ 2,797,410 $ 2,473,118 $ 324,626 $ — $ 2,797,744 Securities sold under repurchase agreements 11,090 — 11,090 — 11,090 Accrued interest payable 591 — 591 — 591 Federal Home Loan Bank advances 7,500 — 7,494 — 7,494 Subordinated debt 54,146 — 52,190 — 52,190 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 499,605 $ 499,605 $ — $ — $ 499,605 Marketable securities held to maturity 184,263 — 192,472 — 192,472 Loans, net 1,876,076 — — 1,883,756 1,883,756 Accrued interest receivable 8,901 — 8,901 — 8,901 Nonmarketable equity securities 15,344 — 15,344 — 15,344 Financial liabilities: Deposits $ 2,670,827 $ 2,341,048 $ 330,356 $ — $ 2,671,404 Securities sold under repurchase agreements 14,151 — 14,151 — 14,151 Accrued interest payable 481 — 481 — 481 Federal Home Loan Bank advances 47,500 — 47,501 — 47,501 Subordinated debt 19,810 — 17,833 — 17,833 The methods and assumptions, not previously presented, used to estimate fair values are described as follows: Cash and Cash Equivalents The carrying amounts of cash and short-term instruments approximate fair values (Level 1). Loans, net The fair value of fixed-rate loans and variable-rate loans that reprice on an infrequent basis is estimated by discounting future cash flows using the current interest rates at which similar loans with similar terms would be made to borrowers of similar credit quality (Level 3). Nonmarketable Equity Securities It is not practical to determine the fair value of Independent Bankers Financial Corporation, Federal Home Loan Bank, Federal Reserve Bank and other stock due to restrictions placed on its transferability. Deposits and Securities Sold Under Repurchase Agreements The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings, and certain types of money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amount) (Level 1). The fair values of deposit liabilities with defined maturities are estimated by discounting future cash flows using interest rates currently offered for deposits of similar remaining maturities (Level 2). Other Borrowings The fair value of borrowings, consisting of lines of credit, Federal Home Loan Bank advances and subordinated debt is estimated by discounting future cash flows using currently available rates for similar financing (Level 2). Accrued Interest Receivable/Payable The carrying amounts of accrued interest approximate their fair values (Level 2). Off-balance Sheet Instruments Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. The fair value of commitments is not material.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 14 - EARNINGS PER SHARE Basic earnings per share is computed by dividing net earnings available to common shareholders by the weighted-average common shares outstanding for the period. There were no net earnings attributable to the noncontrolling interest during the quarter ended March 31, 2022. Diluted earnings per share reflects the maximum potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock and would then share in the net earnings of the Company. Dilutive share equivalents include stock-based awards issued to employees. Stock options granted by the Company are treated as potential shares in computing earnings per share. Diluted shares outstanding include the dilutive effect of in-the-money awards which is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount that the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax impact that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The computations of basic and diluted earnings per share for the Company were as follows for the: Quarter Ended 2022 2021 Numerator: Net earnings (basic) $ 10,738 $ 10,962 Net earnings (diluted) $ 10,738 $ 10,962 Denominator: Weighted-average shares outstanding (basic) 12,109,074 12,038,638 Effect of dilutive securities: Common stock equivalent shares from stock options 151,871 139,138 Weighted-average shares outstanding (diluted) 12,260,945 12,177,776 Net earnings per share Basic $ 0.89 $ 0.91 Diluted $ 0.88 $ 0.90

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation : The consolidated financial statements in this report have not been audited by an independent registered public accounting firm, but in the opinion of management, reflect all adjustments necessary for a fair presentation of the Company’s financial position and results of operations. All such adjustments were of a normal and recurring nature. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the Company’s consolidated financial statements, and notes thereto, for the year ended December 31, 2021, included in Guaranty’s Annual Report on Form 10-K for the year ended December 31, 2021. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. All dollar amounts referenced and discussed in the notes to the consolidated financial statements in this report are presented in thousands, unless noted otherwise. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. These estimates and assumptions may also affect disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recent Accounting Pronouncements : In March 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-02, "Financial Instruments - Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"). ASU 2022-02 eliminates the current guidance on troubled debt restructurings ("TDRs"), enhances current and introduces new disclosure requirements related to loan modifications. ASU 2022-02 is effective for the Company for fiscal years beginning after December 15, 2022. The Company has the option to early adopt, and is in the process of evaluating the impact this ASU will have on its consolidated financial statements and related disclosures. Subsequent Events : On May 2, 2022, the Capital Trust II subordinated debentures described in Note 5 were redeemed for $ 3,093 . On April 21, 2022, the Company announced the adoption of a new stock repurchase program that authorize d the repurchase of up to 1,000,000 shares of the Company's common stock.
Principles of Consolidation	Principles of Consolidation : The consolidated financial statements in this Quarterly Report on Form 10-Q (this “Report”) include the accounts of Guaranty, the Bank and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by Guaranty or one of its subsidiaries, and the portion of any subsidiary not owned by Guaranty is reported as noncontrolling interest. All significant intercompany balances and transactions have been eliminated in consolidation. The Bank has seven wholly-owned or controlled non-bank subsidiaries, Guaranty Company, Inc., G B COM, INC., 2800 South Texas Avenue LLC, Pin Oak Realty Holdings, Inc., Pin Oak Asset Management, LLC, White Oak Aviation, LLC and Caliber Guaranty Private Account, LLC, the entity representing noncontrolling interest in the consolidated financial statements. The accounting and financial reporting policies followed by the Company conform, in all material respects, to accounting principles generally accepted in the United States of America (“GAAP”) and to general practices within the financial services industry.
Subsequent Events	Subsequent Events : On May 2, 2022, the Capital Trust II subordinated debentures described in Note 5 were redeemed for $ 3,093 .
Recent Accounting Pronouncements	Recent Accounting Pronouncements : In March 2022, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2022-02, "Financial Instruments - Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures" ("ASU 2022-02"). ASU 2022-02 eliminates the current guidance on troubled debt restructurings ("TDRs"), enhances current and introduces new disclosure requirements related to loan modifications. ASU 2022-02 is effective for the Company for fiscal years beginning after December 15, 2022. The Company has the option to early adopt, and is in the process of evaluating the impact this ASU will have on its consolidated financial statements and related disclosures.

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities	The following tables summarize the amortized cost and fair value of available for sale and held to maturity securities as of March 31, 2022 and December 31, 2021 and the corresponding amounts of gross unrealized gains and losses: March 31, 2022 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,012 $ — $ 731 $ 9,281 Corporate bonds 35,055 86 645 34,496 Mortgage-backed securities 212,489 131 14,728 197,892 Collateralized mortgage obligations 69,090 62 4,117 65,035 Total available for sale $ 326,646 $ 279 $ 20,221 $ 306,704 Held to maturity: Treasury securities $ 271,098 $ — $ 1,169 $ 269,929 Municipal securities 190,904 1,997 3,060 189,841 Mortgage-backed securities 32,287 — 1,534 30,753 Total held to maturity $ 494,289 $ 1,997 $ 5,763 $ 490,523 December 31, 2021 Amortized Gross Gross Estimated Available for sale: U.S. government agencies $ 10,013 $ — $ 42 $ 9,971 Corporate bonds 35,080 940 85 35,935 Mortgage-backed securities 221,610 1,477 1,779 221,308 Collateralized mortgage obligations 74,925 971 904 74,992 Total available for sale $ 341,628 $ 3,388 $ 2,810 $ 342,206 Held to maturity: Municipal securities $ 181,310 $ 8,364 $ 118 $ 189,556 Mortgage-backed securities 2,953 — 37 2,916 Total held to maturity $ 184,263 $ 8,364 $ 155 $ 192,472
Schedule of Securities with Gross Unrealized Losses	Information pertaining to securities with gross unrealized losses as of March 31, 2022 and December 31, 2021, for which no allowance for credit losses has been recorded, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position is detailed in the following tables: Less Than 12 Months 12 Months or Longer Total March 31, 2022 Gross Estimated Gross Estimated Gross Estimated Available for sale: U.S. government agencies $ ( 731 ) $ 9,281 $ — $ — $ ( 731 ) $ 9,281 Corporate bonds ( 645 ) 23,336 — — ( 645 ) 23,336 Mortgage-backed securities ( 12,285 ) 168,057 ( 2,443 ) 22,846 ( 14,728 ) 190,903 Collateralized mortgage obligations ( 4,117 ) 56,020 — — ( 4,117 ) 56,020 Total available for sale $ ( 17,778 ) $ 256,694 $ ( 2,443 ) $ 22,846 $ ( 20,221 ) $ 279,540 Held to maturity: Treasury securities $ ( 1,169 ) $ 269,929 $ — $ — ( 1,169 ) 269,929 Municipal securities ( 2,333 ) 41,962 ( 727 ) 2,347 ( 3,060 ) 44,309 Mortgage-backed securities ( 1,534 ) 30,753 — — ( 1,534 ) 30,753 Total held to maturity $ ( 5,036 ) $ 342,644 $ ( 727 ) $ 2,347 $ ( 5,763 ) $ 344,991 Less Than 12 Months 12 Months or Longer Total December 31, 2021 Gross Estimated Gross Estimated Gross Estimated Available for sale: U.S. government agencies $ ( 42 ) $ 9,971 $ — $ — $ ( 42 ) $ 9,971 Corporate bonds ( 85 ) 11,418 — — ( 85 ) 11,418 Mortgage-backed securities ( 1,383 ) 144,367 ( 396 ) 11,317 ( 1,779 ) 155,684 Collateralized mortgage obligations ( 904 ) 40,172 — — ( 904 ) 40,172 Total available for sale $ ( 2,414 ) $ 205,928 $ ( 396 ) $ 11,317 $ ( 2,810 ) $ 217,245 Held to maturity: Municipal securities $ ( 37 ) $ 7,772 $ ( 81 ) $ 2,996 $ ( 118 ) $ 10,768 Mortgage-backed securities ( 37 ) 2,916 — — ( 37 ) 2,916 Total held to maturity $ ( 74 ) $ 10,688 $ ( 81 ) $ 2,996 $ ( 155 ) $ 13,684
Investments Classified by Contractual Maturity Date	The contractual maturities at March 31, 2022 of available for sale and held to maturity securities at carrying value and estimated fair value are shown below. The Company invests in mortgage-backed securities and collateralized mortgage obligations that have expected maturities that differ from their contractual maturities. These differences arise because borrowers and/or issuers may have the right to call or prepay their obligation with or without call or prepayment penalties. Available for Sale Held to Maturity March 31, 2022 Amortized Estimated Amortized Estimated Due within one year $ — $ — $ 233,817 $ 233,217 Due after one year through five years 14,620 14,647 98,824 98,980 Due after five years through ten years 30,447 29,130 53,743 53,495 Due after ten years — — 75,618 74,078 Mortgage-backed securities 212,489 197,892 32,287 30,753 Collateralized mortgage obligations 69,090 65,035 — — Total securities $ 326,646 $ 306,704 $ 494,289 $ 490,523

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Summary of Loan Portfolio by Type of Loan	The following table summarizes the Company’s loan portfolio by type of loan as of: March 31, 2022 December 31, 2021 Commercial and industrial $ 270,074 $ 280,569 Real estate: Construction and development 318,035 307,797 Commercial real estate 674,558 622,842 Farmland 186,982 145,501 1-4 family residential 430,755 410,673 Multi-family residential 42,021 30,971 Consumer 52,670 50,965 Agricultural 14,403 14,639 Warehouse lending (1) 24,260 43,720 Overdrafts 303 363 Total loans (2) 2,014,061 1,908,040 Net of: Deferred loan fees, net ( 1,516 ) ( 1,531 ) Allowance for credit losses ( 29,096 ) ( 30,433 ) Total net loans (2) $ 1,983,449 $ 1,876,076 (1) Warehouse lending is presented as a component of commercial and industrial loans in remaining tables. (2) Excludes accrued interest receivable on loans of $ 5.8 million as of March 31, 2022 and December 31, 2021,which is presented separately on the consolidated balance sheets.
Schedule of Allowance for Credit Losses Activity	The Company’s estimate of the allowance for credit losses (“ACL”) reflects losses expected over the remaining contractual life of the assets. The contractual term does not consider extensions, renewals or modifications unless the Company has identified an expected troubled debt restructuring. The following tables present the activity in the ACL by class of loans for the three months ended March 31, 2022, for the year ended December 31, 2021 and for the three months ended March 31, 2021: Quarter Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 (Reversal of) provision for credit losses 230 ( 323 ) ( 1,569 ) 302 ( 119 ) 60 146 ( 13 ) 36 ( 1,250 ) Loans charged-off ( 119 ) — — — — — ( 17 ) — ( 67 ) ( 203 ) Recoveries 39 — 1 — 30 — 16 — 30 116 Ending balance $ 3,750 $ 3,898 $ 12,197 $ 2,000 $ 5,729 $ 456 $ 907 $ 156 $ 3 $ 29,096 For the Year Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 (Reversal of) provision for credit losses ( 43 ) ( 515 ) ( 1,229 ) 478 ( 495 ) 33 ( 51 ) ( 78 ) 200 ( 1,700 ) Loans charged-off ( 411 ) — ( 816 ) — — — ( 151 ) — ( 263 ) ( 1,641 ) Recoveries 21 1 30 — — — 35 8 60 155 Ending balance $ 3,600 $ 4,221 $ 13,765 $ 1,698 $ 5,818 $ 396 $ 762 $ 169 $ 4 $ 30,433 Quarter Ended Commercial Construction Commercial Farmland 1-4 family Multi-family Consumer Agricultural Overdrafts Total Allowance for credit losses: Beginning balance $ 4,033 $ 4,735 $ 15,780 $ 1,220 $ 6,313 $ 363 $ 929 $ 239 $ 7 $ 33,619 Provision for credit losses ( 504 ) ( 538 ) 1,087 ( 163 ) 13 133 ( 29 ) ( 31 ) 32 — Loans charged-off ( 7 ) — ( 758 ) — — — ( 61 ) — ( 49 ) ( 875 ) Recoveries 7 1 — — — — 4 — 14 26 Ending balance $ 3,529 $ 4,198 $ 16,109 $ 1,057 $ 6,326 $ 496 $ 843 $ 208 $ 4 $ 32,770
Summary of Credit Exposure	The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of March 31, 2022: March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 42,707 $ 96,935 $ 27,986 $ 14,909 $ 5,920 $ 16,305 $ 88,106 $ 292,868 Special mention — 156 — — — — — 156 Substandard — — 265 659 210 37 — 1,171 Nonaccrual — 33 71 — — — 35 139 Total commercial and industrial loans $ 42,707 $ 97,124 $ 28,322 $ 15,568 $ 6,130 $ 16,342 $ 88,141 $ 294,334 Charge-offs $ — $ — $ ( 30 ) $ — $ — $ — $ ( 89 ) $ ( 119 ) Recoveries — — — — — 33 6 39 Current period net $ — $ — $ ( 30 ) $ — $ — $ 33 $ ( 83 ) $ ( 80 ) Construction and development: Pass $ 42,538 $ 176,595 $ 48,275 $ 18,242 $ 6,119 $ 18,559 $ 5,960 $ 316,288 Special mention — — 814 — — 932 — 1,746 Substandard — — — — 1 — — 1 Nonaccrual — — — — — — — — Total construction and development loans $ 42,538 $ 176,595 $ 49,089 $ 18,242 $ 6,120 $ 19,491 $ 5,960 $ 318,035 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Commercial real estate: Pass $ 67,507 $ 137,731 $ 104,126 $ 76,086 $ 57,139 $ 173,813 $ 16,875 $ 633,277 Special mention — — — — 8,921 13,406 — 22,327 Substandard — — — — 1,034 17,415 — 18,449 Nonaccrual — — — 115 64 326 — 505 Total commercial real estate loans $ 67,507 $ 137,731 $ 104,126 $ 76,201 $ 67,158 $ 204,960 $ 16,875 $ 674,558 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — 1 — — 1 Current period net $ — $ — $ — $ — $ 1 $ — $ — $ 1 March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 45,866 $ 92,766 $ 12,486 $ 7,915 $ 7,375 $ 14,292 $ 5,914 $ 186,614 Special mention — — — — — — — — Substandard — — — — — 70 — 70 Nonaccrual — — 195 — — 103 — 298 Total farmland loans $ 45,866 $ 92,766 $ 12,681 $ 7,915 $ 7,375 $ 14,465 $ 5,914 $ 186,982 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 35,231 $ 131,940 $ 63,134 $ 38,256 $ 32,144 $ 112,524 $ 15,667 $ 428,896 Special mention — — — 91 — 203 — 294 Substandard — — — — — — — — Nonaccrual — 163 — — 172 1,230 — 1,565 Total 1-4 family residential loans $ 35,231 $ 132,103 $ 63,134 $ 38,347 $ 32,316 $ 113,957 $ 15,667 $ 430,755 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 30 — 30 Current period net $ — $ — $ — $ — $ — $ 30 $ — $ 30 Multi-family residential: Pass $ 12,469 $ 16,723 $ 2,742 $ 6,385 $ 900 $ 2,501 $ 301 $ 42,021 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 12,469 $ 16,723 $ 2,742 $ 6,385 $ 900 $ 2,501 $ 301 $ 42,021 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — March 31, 2022 2022 2021 2020 2019 2018 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 8,612 $ 20,436 $ 9,551 $ 3,709 $ 3,965 $ 931 $ 5,375 $ 52,579 Special mention — 9 6 4 — 9 250 278 Substandard — — — — — — — — Nonaccrual — 50 6 26 31 3 — 116 Total consumer loans and overdrafts $ 8,612 $ 20,495 $ 9,563 $ 3,739 $ 3,996 $ 943 $ 5,625 $ 52,973 Charge-offs $ ( 68 ) $ ( 6 ) $ ( 10 ) $ — $ — $ — $ — $ ( 84 ) Recoveries 30 1 — 10 — 5 — 46 Current period net $ ( 38 ) $ ( 5 ) $ ( 10 ) $ 10 $ — $ 5 $ — $ ( 38 ) Agricultural: Pass $ 393 $ 2,952 $ 1,589 $ 830 $ 801 $ 621 $ 7,089 $ 14,275 Special mention — — — — — 6 — 6 Substandard — — 14 3 14 32 — 63 Nonaccrual — — — — 6 53 — 59 Total agricultural loans $ 393 $ 2,952 $ 1,603 $ 833 $ 821 $ 712 $ 7,089 $ 14,403 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Total loans: Pass $ 255,323 $ 676,078 $ 269,889 $ 166,332 $ 114,363 $ 339,546 $ 145,287 $ 1,966,818 Special mention — 165 820 95 8,921 14,556 250 24,807 Substandard — — 279 662 1,259 17,554 — 19,754 Nonaccrual — 246 272 141 273 1,715 35 2,682 Total loans $ 255,323 $ 676,489 $ 271,260 $ 167,230 $ 124,816 $ 373,371 $ 145,572 $ 2,014,061 Charge-offs $ ( 68 ) $ ( 6 ) $ ( 40 ) $ — $ — $ — $ ( 89 ) $ ( 203 ) Recoveries 30 1 — 10 1 68 6 116 Total current period net (charge-offs) recoveries $ ( 38 ) $ ( 5 ) $ ( 40 ) $ 10 $ 1 $ 68 $ ( 83 ) $ ( 87 ) The following table summarizes the credit exposure in the Company’s loan portfolio, by year of origination, as of December 31, 2021: December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Commercial and industrial: Pass $ 176,972 $ 31,337 $ 16,207 $ 6,449 $ 3,493 $ 14,657 $ 74,364 $ 323,479 Special mention — 88 — — 14 — — 102 Substandard — 272 55 192 40 1 — 560 Nonaccrual 14 101 — 22 — 11 — 148 Total commercial and industrial loans $ 176,986 $ 31,798 $ 16,262 $ 6,663 $ 3,547 $ 14,669 $ 74,364 $ 324,289 Charge-offs $ — $ — $ ( 168 ) $ ( 67 ) $ ( 115 ) $ — $ ( 61 ) $ ( 411 ) Recoveries — — — — — — 21 21 Current period net $ — $ — $ ( 168 ) $ ( 67 ) $ ( 115 ) $ — $ ( 40 ) $ ( 390 ) Construction and development: Pass $ 180,056 $ 68,765 $ 20,499 $ 6,507 $ 8,235 $ 13,565 $ 8,615 $ 306,242 Special mention — — — — 944 — — 944 Substandard — — 609 2 — — — 611 Nonaccrual — — — — — — — — Total construction and development loans $ 180,056 $ 68,765 $ 21,108 $ 6,509 $ 9,179 $ 13,565 $ 8,615 $ 307,797 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 1 — 1 Current period net $ — $ — $ — $ — $ — $ 1 $ — $ 1 Commercial real estate: Pass $ 134,617 $ 93,806 $ 80,733 $ 59,380 $ 43,457 $ 145,477 $ 16,065 $ 573,535 Special mention — 765 — — 4,550 788 — 6,103 Substandard — 6,987 — 10,041 12,981 12,553 — 42,562 Nonaccrual — — 124 69 32 337 80 642 Total commercial real estate loans $ 134,617 $ 101,558 $ 80,857 $ 69,490 $ 61,020 $ 159,155 $ 16,145 $ 622,842 Charge-offs $ — $ — $ ( 17 ) $ ( 56 ) $ ( 472 ) $ ( 271 ) $ — $ ( 816 ) Recoveries — — 19 — 11 — — 30 Current period net $ — $ — $ 2 $ ( 56 ) $ ( 461 ) $ ( 271 ) $ — $ ( 786 ) December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Farmland: Pass $ 94,491 $ 11,868 $ 8,664 $ 7,456 $ 5,191 $ 11,145 $ 6,290 $ 145,105 Special mention — — — — — 26 — 26 Substandard — — — — — 72 — 72 Nonaccrual — 195 — — — 103 — 298 Total farmland loans $ 94,491 $ 12,063 $ 8,664 $ 7,456 $ 5,191 $ 11,346 $ 6,290 $ 145,501 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — 1-4 family residential: Pass $ 132,448 $ 64,590 $ 43,016 $ 36,501 $ 26,987 $ 91,864 $ 13,714 $ 409,120 Special mention — — — — — 18 — 18 Substandard — — — — — — — — Nonaccrual 170 — — 180 58 1,127 — 1,535 Total 1-4 family residential loans $ 132,618 $ 64,590 $ 43,016 $ 36,681 $ 27,045 $ 93,009 $ 13,714 $ 410,673 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — Multi-family residential: Pass $ 16,663 $ 4,286 $ 6,436 $ 908 $ 474 $ 2,113 $ 91 $ 30,971 Special mention — — — — — — — — Substandard — — — — — — — — Nonaccrual — — — — — — — — Total multi-family residential loans $ 16,663 $ 4,286 $ 6,436 $ 908 $ 474 $ 2,113 $ 91 $ 30,971 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — — — — Current period net $ — $ — $ — $ — $ — $ — $ — $ — December 31, 2021 2021 2020 2019 2018 2017 Prior Revolving Loans Amortized Cost Total Consumer and overdrafts: Pass $ 24,715 $ 11,589 $ 4,557 $ 4,647 $ 558 $ 543 $ 4,478 $ 51,087 Special mention 76 — 5 — — — — 81 Substandard — — — — — — — — Nonaccrual 56 27 10 62 5 — — 160 Total consumer loans and overdrafts $ 24,847 $ 11,616 $ 4,572 $ 4,709 $ 563 $ 543 $ 4,478 $ 51,328 Charge-offs $ ( 285 ) $ ( 36 ) $ ( 57 ) $ ( 32 ) $ ( 2 ) $ ( 2 ) $ — $ ( 414 ) Recoveries 61 3 — 8 2 21 — 95 Current period net $ ( 224 ) $ ( 33 ) $ ( 57 ) $ ( 24 ) $ — $ 19 $ — $ ( 319 ) Agricultural: Pass $ 3,557 $ 1,866 $ 927 $ 917 $ 221 $ 526 $ 6,492 $ 14,506 Special mention — — — — 13 — — 13 Substandard — 14 4 15 39 — — 72 Nonaccrual — — — 8 — 40 — 48 Total agricultural loans $ 3,557 $ 1,880 $ 931 $ 940 $ 273 $ 566 $ 6,492 $ 14,639 Charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Recoveries — — — — — 8 — 8 Current period net $ — $ — $ — $ — $ — $ 8 $ — $ 8 Total loans: Pass $ 763,519 $ 288,107 $ 181,039 $ 122,765 $ 88,616 $ 279,890 $ 130,109 $ 1,854,045 Special mention 76 853 5 — 5,521 832 — 7,287 Substandard — 7,273 668 10,250 13,060 12,626 — 43,877 Nonaccrual 240 323 134 341 95 1,618 80 2,831 Total loans $ 763,835 $ 296,556 $ 181,846 $ 133,356 $ 107,292 $ 294,966 $ 130,189 $ 1,908,040 Charge-offs $ ( 285 ) $ ( 36 ) $ ( 242 ) $ ( 155 ) $ ( 589 ) $ ( 273 ) $ ( 61 ) $ ( 1,641 ) Recoveries 61 3 19 8 13 30 21 155 Total current period net charge-offs $ ( 224 ) $ ( 33 ) $ ( 223 ) $ ( 147 ) $ ( 576 ) $ ( 243 ) $ ( 40 ) $ ( 1,486 )
Summary of Amortized Cost Basis of Collateral-dependent Loans	The following tables presents the amortized cost basis of individually evaluated collateral-dependent loans by class of loan, and their impact on the ACL, as of March 31, 2022 and December 31, 2021: March 31, 2022 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 757 $ — $ 757 $ 282 Real estate: Commercial real estate 4,295 — 4,295 553 Consumer 250 — 250 250 Total $ 5,302 $ — $ 5,302 $ 1,085 December 31, 2021 Real Estate Non-RE Total Allowance for Credit Losses Allocation Commercial and industrial $ 129 $ — $ 129 $ 44 Real estate: Construction and development 609 — 609 208 Commercial real estate 9,989 — 9,989 2,048 Total $ 10,727 $ — $ 10,727 $ 2,300
Summary of Payment Status of Loans	The following tables summarize the payment status of loans in the Company’s total loan portfolio, including an aging of delinquent loans and loans 90 days or more past due continuing to accrue interest as of: March 31, 2022 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 223 $ — $ 119 $ 342 $ 293,992 $ 294,334 $ — Real estate: Construction and 170 — — 170 317,865 318,035 — Commercial real 727 6,990 — 7,717 666,841 674,558 — Farmland 100 433 195 728 186,254 186,982 — 1-4 family residential 2,674 625 234 3,533 427,222 430,755 — Multi-family residential — — — — 42,021 42,021 — Consumer 226 287 34 547 52,123 52,670 — Agricultural 105 — — 105 14,298 14,403 — Overdrafts — — — — 303 303 — Total $ 4,225 $ 8,335 $ 582 $ 13,142 $ 2,000,919 $ 2,014,061 $ — December 31, 2021 30 to 59 Days 60 to 89 Days 90 Days Total Current Total Recorded Commercial and industrial $ 969 $ 38 $ 134 $ 1,141 $ 323,148 $ 324,289 $ — Real estate: Construction and 885 132 — 1,017 306,780 307,797 — Commercial real — 360 350 710 622,132 622,842 — Farmland 114 87 195 396 145,105 145,501 — 1-4 family residential 1,650 123 410 2,183 408,490 410,673 — Multi-family residential — — — — 30,971 30,971 — Consumer 189 113 68 370 50,595 50,965 — Agricultural 41 8 — 49 14,590 14,639 — Overdrafts — — — — 363 363 — Total $ 3,848 $ 861 $ 1,157 $ 5,866 $ 1,902,174 $ 1,908,040 $ —
Schedule of Nonaccrual Loans	The following table presents information regarding nonaccrual loans as of: March 31, 2022 December 31, 2021 Commercial and industrial $ 139 $ 148 Real estate: Commercial real estate 505 642 Farmland 298 298 1-4 family residential 1,565 1,535 Consumer and overdrafts 116 160 Agricultural 59 48 Total $ 2,682 $ 2,831
Summary of Troubled Debt Restructuring	The following table presents loans, by class, modified as TDRs during the year ended December 31, 2021: Year Ended December 31, 2021 Number Pre-Modification Post-Modification Troubled Debt Restructurings: Commercial and industrial 1 17 14 Total 1 $ 17 $ 14

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt Maturities	Fixed rate advances, with monthly interest payments, principal due in: Year Current Principal Due 2022 1.99 % $ 1,500 2024 1.76 % 6,000 $ 7,500

SUBORDINATED DEBT (Tables)

SUBORDINATED DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Subordinated Debt and Other Debentures	Subordinated debt was made up of the following as of: March 31, 2022 December 31, 2021 Trust II Debentures $ 3,093 $ 3,093 Trust III Debentures 2,062 2,062 DCB Trust I Debentures 5,155 5,155 Subordinated note 34,336 — Other debentures 9,500 9,500 $ 54,146 $ 19,810 Trust II Debentures Trust III Debentures DCB Trust I Original amount $ 3,093 $ 2,062 $ 5,155 Maturity date October 30, 2032 October 1, 2036 June 15, 2037 Interest due Quarterly Quarterly Quarterly
Schedule of Trusts	Trust II Trust III DCB Trust I Formation date October 30, 2002 July 25, 2006 March 29, 2007 Capital trust pass-through securities Number of shares 3,000 2,000 5,000 Original liquidation value $ 3,000 $ 2,000 $ 5,000 Common securities liquidation value 93 62 155
Schedule of Principal Payments and Weighted Average Rates of the subordinated note and Other Debentures	The scheduled principal payments and weighted average rates of the subordinated note and other debentures are as follows: Year Current Principal Due 2022 2.45 % $ 2,000 2023 2.85 % 3,500 2024 3.74 % 4,000 Thereafter 3.63 % 34,336 $ 43,836

EQUITY AWARDS (Tables)

EQUITY AWARDS (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 502,780 $ 25.77 5.59 $ 5,936 Granted 39,000 35.89 Forfeited ( 5,060 ) 26.92 Balance, March 31, 2022 536,720 $ 26.50 5.65 $ 4,626 Exercisable at end of period 307,086 $ 24.30 4.28 $ 3,285 Three Months Ended March 31, 2021 Number of Weighted- Weighted- Aggregate Outstanding at beginning of year 506,200 $ 26.81 5.82 $ 1,805 Effect of 10 % stock dividend 50,770 Granted 24,500 33.37 Exercised ( 24,250 ) 21.74 Forfeited ( 10,000 ) 28.54 Balance, March 31, 2021 547,220 $ 24.81 5.88 $ 6,532 Exercisable at end of period 296,922 $ 23.49 4.64 $ 3,938
Schedule of Nonvested Stock Option Activity	A summary of nonvested stock option activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 207,084 $ 5.23 Granted 39,000 6.03 Vested ( 14,030 ) 5.21 Forfeited ( 2,420 ) 9.13 Balance, March 31, 2022 229,634 $ 5.38 Three Months Ended March 31, 2021 Number of Weighted-Average Outstanding at beginning of year 214,680 $ 4.46 Effect of 10 % stock dividend 23,218 Granted 24,500 5.67 Vested ( 12,100 ) 4.59 Balance, March 31, 2021 250,298 $ 5.11
Plan Information	Information related to stock options in the Plan is as follows for the three months ended: March 31, 2022 March 31, 2021 Intrinsic value of options exercised $ — $ 364 Cash received from options exercised — 527 Weighted average fair value of options granted 6.03 5.67
Summary of Restricted Stock Awards and Units Activity	A summary of restricted stock activity in the Plan during the three months ended March 31, 2022 and 2021 follows: Three Months Ended March 31, 2022 Number of Weighted-Average Outstanding at beginning of year 30,190 $ 27.52 Vested ( 4,070 ) 27.50 Balance, March 31, 2022 26,120 $ 27.52 Three Months Ended March 31, 2021 Number of Weighted-Average Outstanding at beginning of year 35,300 $ 29.72 Effect of 10 % stock dividend 3,530 Vested ( 4,840 ) 30.25 Balance, March 31, 2021 33,990 $ 26.95

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Summarizes Other Information Related to Operating Leases	The table below summarizes other information related to our operating leases as of: March 31, 2022 December 31, 2021 Operating leases Operating lease right-of-use assets $ 13,911 $ 14,376 Operating lease liabilities 14,477 14,882 Weighted average remaining lease term Operating leases 8 years 8 years Weighted average discount rate Operating leases 1.96 % 1.95 %
Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases	The Company leases some of its banking facilities under non-cancelable operating leases expiring in various years through 2026 and thereafter. Minimum future lease payments under these non-cancelable operating leases as of March 31, 2022, are as follows: Year Ended December 31, Amount 2022 $ 1,606 2023 2,093 2024 2,039 2025 1,870 2026 1,642 Thereafter 5,874 Total lease payments 15,124 Less: interest ( 647 ) Present value of lease liabilities $ 14,477

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense and Effective Tax Rate	Income tax expense was as follows for: Three Months Ended 2022 2021 Income tax expense for the period $ 2,235 $ 2,336 Effective tax rate 17.23 % 17.57 %

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Information Pertaining to Outstanding Interest Rate Swap Agreements	The information pertaining to outstanding interest rate swap agreements used to hedge floating rate debentures and FHLB advances was as follows as of: December 31, 2021 Notional Pay Receive Effective Maturity Unrealized $ 15,000 0.668 % 3 month LIBOR 3/18/2020 1.22 8 15,000 0.790 % 3 month LIBOR 3/18/2020 3.22 ( 184 ) 10,000 0.530 % 3 month LIBOR 3/23/2020 1.23 ( 12 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Commitments and Letters of Credit Outstanding	Commitments and letters of credit outstanding were as follows as of: Contract or Notional Amount March 31, 2022 December 31, 2021 Commitments to extend credit $ 426,745 $ 405,269 Letters of credit 9,421 8,357

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2022
Banking And Thrifts [Abstract]
Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios	A comparison of the Company’s and Bank’s actual capital amounts and ratios to required capital amounts and ratios are presented in the following tables as of: Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2022 Total capital to risk-weighted assets: Consolidated $ 339,743 15.89 % $ 171,045 8.00 % $ 224,496 10.50 % n/a Bank 324,424 15.17 % 171,045 8.00 % 224,496 10.50 % $ 213,806 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 278,653 13.03 % 128,283 6.00 % 181,735 8.50 % n/a Bank 297,670 13.92 % 128,283 6.00 % 181,735 8.50 % 171,045 8.00 % Tier 1 capital to average assets: (1) Consolidated 278,653 8.99 % 123,998 4.00 % 123,998 4.00 % n/a Bank 297,670 9.60 % 123,967 4.00 % 123,967 4.00 % 154,959 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 268,343 12.55 % 96,213 4.50 % 149,664 7.00 % n/a Bank 297,670 13.92 % 96,213 4.50 % 149,664 7.00 % 138,974 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum. Actual Minimum Required Minimum Required To Be Well Amount Ratio Amount Ratio Amount Ratio Amount Ratio December 31, 2021 Total capital to risk-weighted assets: Consolidated $ 297,370 14.51 % $ 163,986 8.00 % $ 215,232 10.50 % n/a Bank 311,335 15.19 % 163,936 8.00 % 215,166 10.50 % $ 204,920 10.00 % Tier 1 capital to risk-weighted assets: Consolidated 271,696 13.25 % 122,990 6.00 % 174,235 8.50 % n/a Bank 285,661 13.94 % 122,952 6.00 % 174,182 8.50 % 163,936 8.00 % Tier 1 capital to average assets: (1) Consolidated 271,696 9.18 % 118,369 4.00 % 118,369 4.00 % n/a Bank 285,661 9.66 % 118,345 4.00 % 118,345 4.00 % 147,931 5.00 % Common equity tier 1 capital to risk-weighted assets: Consolidated 261,386 12.75 % 92,242 4.50 % 143,488 7.00 % n/a Bank 285,661 13.94 % 92,214 4.50 % 143,444 7.00 % 133,198 6.50 % (1) The Tier 1 capital ratio (to average assets) is not impacted by the Basel III Capital Rules; however, the Federal Reserve and the FDIC may require the Consolidated Company and the Bank, respectively, to maintain a Tier 1 capital ratio (to average assets) above the required minimum.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Assets (Liabilities) Measured at Fair Value	The following tables summarize quantitative disclosures about the fair value measurements for each category of financial assets (liabilities) carried at fair value: March 31, 2022 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Treasury securities $ — $ — $ — $ — Mortgage-backed securities 197,892 — 197,892 — Collateralized mortgage obligations 65,035 — 65,035 — Municipal securities — — — — Corporate bonds 34,496 — 34,496 — U.S. government agencies 9,281 — 9,281 — Loans held for sale 1,166 — — 1,166 Cash surrender value of life insurance 37,352 — 37,352 — SBA servicing assets 1,004 — — 1,004 Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,217 — — 4,217 December 31, 2021 Fair Value Quoted Significant Significant Assets at fair value on a recurring basis: Available for sale securities: Mortgage-backed securities $ 221,308 $ — $ 221,308 $ — Collateralized mortgage obligations 74,992 — 74,992 — Municipal securities — — — — Corporate bonds 35,935 — 35,935 — U.S. government agencies 9,971 — 9,971 — Loans held for sale 4,129 — — 4,129 Cash surrender value of life insurance 37,141 — 37,141 — SBA servicing assets 877 — — 877 Derivative instrument assets ( 196 ) — ( 196 ) — Derivative instrument liabilities 8 — 8 — Assets at fair value on a nonrecurring basis: Individually evaluated collateral dependent loans 4,244 — — 4,244
Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value	The following table presents information on individually evaluated collateral dependent loans as of March 31, 2022: Fair Value Measurements Using March 31, 2022 Level 1 Level 2 Level 3 Total Fair Value Commercial and industrial $ — $ — $ 475 $ 475 Real estate: Construction and development — — — — Commercial real estate — — 3,742 3,742 Total $ — $ — $ 4,217 $ 4,217
Schedule of Carrying Amounts And Estimated Fair Values of Financial Instruments	The carrying amounts and estimated fair values of financial instruments not previously discussed in this note, as of March 31, 2022 and December 31, 2021, are as follows: Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 222,091 $ 222,091 $ — $ — $ 222,091 Marketable securities held to maturity 494,289 — 490,523 — 490,523 Loans, net 1,983,449 — — 1,951,997 1,951,997 Accrued interest receivable 8,961 — 8,961 — 8,961 Nonmarketable equity securities 12,513 — 12,513 — 12,513 Financial liabilities: Deposits $ 2,797,410 $ 2,473,118 $ 324,626 $ — $ 2,797,744 Securities sold under repurchase agreements 11,090 — 11,090 — 11,090 Accrued interest payable 591 — 591 — 591 Federal Home Loan Bank advances 7,500 — 7,494 — 7,494 Subordinated debt 54,146 — 52,190 — 52,190 Fair value measurements as of Carrying Level 1 Level 2 Level 3 Total Financial assets: Cash, due from banks, federal funds sold and interest-bearing deposits $ 499,605 $ 499,605 $ — $ — $ 499,605 Marketable securities held to maturity 184,263 — 192,472 — 192,472 Loans, net 1,876,076 — — 1,883,756 1,883,756 Accrued interest receivable 8,901 — 8,901 — 8,901 Nonmarketable equity securities 15,344 — 15,344 — 15,344 Financial liabilities: Deposits $ 2,670,827 $ 2,341,048 $ 330,356 $ — $ 2,671,404 Securities sold under repurchase agreements 14,151 — 14,151 — 14,151 Accrued interest payable 481 — 481 — 481 Federal Home Loan Bank advances 47,500 — 47,501 — 47,501 Subordinated debt 19,810 — 17,833 — 17,833

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The computations of basic and diluted earnings per share for the Company were as follows for the: Quarter Ended 2022 2021 Numerator: Net earnings (basic) $ 10,738 $ 10,962 Net earnings (diluted) $ 10,738 $ 10,962 Denominator: Weighted-average shares outstanding (basic) 12,109,074 12,038,638 Effect of dilutive securities: Common stock equivalent shares from stock options 151,871 139,138 Weighted-average shares outstanding (diluted) 12,260,945 12,177,776 Net earnings per share Basic $ 0.89 $ 0.91 Diluted $ 0.88 $ 0.90

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	May 02, 2022	Apr. 21, 2022	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Subordinated debt			$ 54,146	$ 19,810
Repurchase of Common Stock		1,000,000
Decrease to retained earnings			115,727	107,645
Trust II Debentures
Property, Plant and Equipment [Line Items]
Subordinated debt	$ 3,093		$ 3,093	$ 3,093

MARKETABLE SECURITIES - Schedul

MARKETABLE SECURITIES - Schedule of Amortized Cost and Fair Value of Securities Available for Sale and Held to Maturity Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available for sale:
Available-for-sale debt securities, amortized cost basis	$ 326,646	$ 341,628
Gross Unrealized Gain	279	3,388
Gross Unrealized Loss	20,221	2,810
Estimated Fair Value	306,704	342,206
Held to maturity:
Amortized Cost	494,289	184,263
Gross Unrealized Gains	1,997	8,364
Gross Unrealized Losses	5,763	155
Estimated Fair Value	490,523	192,472
U.S. government agencies
Available for sale:
Available-for-sale debt securities, amortized cost basis	10,012	10,013
Gross Unrealized Gain	0	0
Gross Unrealized Loss	731	42
Estimated Fair Value	9,281	9,971
Corporate bonds
Available for sale:
Available-for-sale debt securities, amortized cost basis	35,055	35,080
Gross Unrealized Gain	86	940
Gross Unrealized Loss	645	85
Estimated Fair Value	34,496	35,935
Mortgage-backed securities
Available for sale:
Available-for-sale debt securities, amortized cost basis	212,489	221,610
Gross Unrealized Gain	131	1,477
Gross Unrealized Loss	14,728	1,779
Estimated Fair Value	197,892	221,308
Held to maturity:
Amortized Cost	32,287	2,953
Gross Unrealized Gains	0	0
Gross Unrealized Losses	1,534	37
Estimated Fair Value	30,753	2,916
Collateralized mortgage obligations
Available for sale:
Available-for-sale debt securities, amortized cost basis	69,090	74,925
Gross Unrealized Gain	62	971
Gross Unrealized Loss	4,117	904
Estimated Fair Value	65,035	74,992
Municipal securities
Held to maturity:
Amortized Cost	190,904	181,310
Gross Unrealized Gains	1,997	8,364
Gross Unrealized Losses	3,060	118
Estimated Fair Value	189,841	$ 189,556
Treasury securities
Held to maturity:
Amortized Cost	271,098
Gross Unrealized Gains	0
Gross Unrealized Losses	1,169
Estimated Fair Value	$ 269,929

MARKETABLE SECURITIES - Narrati

MARKETABLE SECURITIES - Narrative (Details)	3 Months Ended
	Mar. 31, 2022USD ($)SecurityPosition	Mar. 31, 2021Security	Dec. 31, 2021USD ($)
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items]
Allowance for credit losses for available for sale debt securities	$ 0		$ 0
Number of investment in an unrealized loss position | Position	152
Number of investment in an sale debt securities | Position	79
Percentage of unrealized loss exceeds book value	20.00%
Number of securities other than agencies amount | Security	0
Fair value of securities pledged as collateral	$ 349,612,000		310,958,000
Number of securities sold | Security	0	0
Accumulated Other Comprehensive Income Loss	$ 8,084,000		$ 8,860,000

MARKETABLE SECURITIES - Securit

MARKETABLE SECURITIES - Securities in Continuous Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Gross Unrealized Losses
Less Than 12 Months	$ (5,036)	$ (74)
12 Months or Longer	727	81
Total	(5,763)	(155)
Estimated Fair Value
Less Than 12 Months	342,644	10,688
12 Months or Longer	2,347	2,996
Total	344,991	13,684
Gross Unrealized Losses
Less Than 12 Months	(17,778)	(2,414)
12 Months or Longer	(2,443)	(396)
Total	(20,221)	(2,810)
Estimated Fair Value
Less Than 12 Months	256,694	205,928
12 Months or Longer	22,846	11,317
Total	279,540	217,245
U.S. government agencies
Gross Unrealized Losses
Less Than 12 Months	(731)	(42)
12 Months or Longer	0
Total	(731)	(42)
Estimated Fair Value
Less Than 12 Months	9,281	9,971
12 Months or Longer	0
Total	9,281	9,971
Corporate bonds
Gross Unrealized Losses
Less Than 12 Months	(645)	(85)
12 Months or Longer	0
Total	(645)	(85)
Estimated Fair Value
Less Than 12 Months	23,336	11,418
12 Months or Longer	0
Total	23,336	11,418
Mortgage-backed securities
Gross Unrealized Losses
Less Than 12 Months	(1,534)	(37)
12 Months or Longer	0	0
Total	(1,534)	(37)
Estimated Fair Value
Less Than 12 Months	30,753	2,916
12 Months or Longer	0	0
Total	30,753	2,916
Gross Unrealized Losses
Less Than 12 Months	(12,285)	(1,383)
12 Months or Longer	(2,443)	(396)
Total	(14,728)	(1,779)
Estimated Fair Value
Less Than 12 Months	168,057	144,367
12 Months or Longer	22,846	11,317
Total	190,903	155,684
Collateralized mortgage obligations
Gross Unrealized Losses
Less Than 12 Months	(4,117)	(904)
12 Months or Longer	0	0
Total	(4,117)	(904)
Estimated Fair Value
Less Than 12 Months	56,020	40,172
12 Months or Longer	0	0
Total	56,020	40,172
Municipal securities
Gross Unrealized Losses
Less Than 12 Months	(2,333)	(37)
12 Months or Longer	727	81
Total	(3,060)	(118)
Estimated Fair Value
Less Than 12 Months	41,962	7,772
12 Months or Longer	2,347	2,996
Total	44,309	$ 10,768
US Treasury Securities [Member]
Gross Unrealized Losses
Less Than 12 Months	(1,169)
12 Months or Longer	0
Total	(1,169)
Estimated Fair Value
Less Than 12 Months	269,929
12 Months or Longer	0
Total	$ 269,929

MARKETABLE SECURITIES - Contrac

MARKETABLE SECURITIES - Contractual Maturities of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost
Due within one year	$ 0
Due after one year through five years	14,620
Due after five years through ten years	30,447
Due after ten years	0
Available-for-sale debt securities, amortized cost basis	326,646	$ 341,628
Estimated Fair Value
Due within one year	0
Due after one year through five years	14,647
Due after five years through ten years	29,130
Due after ten years	0
Available-for-sale debt securities, estimated fair value	306,704	342,206
Held to Maturity Amortized Cost
Due within one year	233,817
Due after one year through five years	98,824
Due after five years through ten years	53,743
Due after ten years	75,618
Held to Maturity debt securities, amortized cost	494,289	184,263
Held to Maturity Estimated Fair Value
Due within one year	233,217
Due after one year through five years	98,980
Due after five years through ten years	53,495
Due after ten years	74,078
Held to maturity debt securities, estimated fair value	490,523	192,472
Mortgage-backed securities
Amortized Cost
Available-for-sale debt securities, amortized cost basis	212,489
Available-for-sale debt securities, amortized cost basis	212,489	221,610
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	197,892
Available-for-sale debt securities, estimated fair value	197,892	221,308
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	32,287
Held to Maturity debt securities, amortized cost	32,287	2,953
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	30,753
Held to maturity debt securities, estimated fair value	30,753	2,916
Collateralized mortgage obligations
Amortized Cost
Available-for-sale debt securities, amortized cost basis	69,090
Available-for-sale debt securities, amortized cost basis	69,090	74,925
Estimated Fair Value
Available-for-sale debt securities, estimated fair value	65,035
Available-for-sale debt securities, estimated fair value	65,035	$ 74,992
Held to Maturity Amortized Cost
Held to Maturity debt securities, amortized cost	0
Held to Maturity Estimated Fair Value
Held to maturity debt securities, estimated fair value	$ 0

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans held for investment:
Total loans	$ 2,014,061	$ 1,908,040
Deferred loan fees, net	(1,516)	(1,531)
Allowance for credit losses	(29,096)	(30,433)	$ (32,770)	$ (33,619)
Total net loans	1,983,449	1,876,076
Commercial and industrial
Loans held for investment:
Total loans	270,074	280,569
Allowance for credit losses	(3,750)	(3,600)	(3,529)	(4,033)
Construction and development
Loans held for investment:
Total loans	318,035	307,797
Allowance for credit losses	(3,898)	(4,221)	(4,198)	(4,735)
Commercial real estate
Loans held for investment:
Total loans	674,558	622,842
Allowance for credit losses	(12,197)	(13,765)	(16,109)	(15,780)
Farmland
Loans held for investment:
Total loans	186,982	145,501
Allowance for credit losses	(2,000)	(1,698)	(1,057)	(1,220)
1-4 family residential
Loans held for investment:
Total loans	430,755	410,673
Allowance for credit losses	(5,729)	(5,818)	(6,326)	(6,313)
Multi-family residential
Loans held for investment:
Total loans	42,021	30,971
Allowance for credit losses	(456)	(396)	(496)	(363)
Consumer
Loans held for investment:
Total loans	52,670	50,965
Allowance for credit losses	(907)	(762)	(843)	(929)
Agricultural
Loans held for investment:
Total loans	14,403	14,639
Allowance for credit losses	(156)	(169)	(208)	(239)
Warehouse lending
Loans held for investment:
Total loans	24,260	43,720
Overdrafts
Loans held for investment:
Total loans	303	363
Allowance for credit losses	$ (3)	$ (4)	$ (4)	$ (7)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Loan Portfolio by Type of Loan (Details) (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Accrued interest receivable on loans	$ 5.8	$ 5.8

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Narrative (Details)	3 Months Ended					12 Months Ended
	Jun. 30, 2022USD ($)	Mar. 31, 2022USD ($)Contract	Sep. 30, 2021USD ($)	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)Contract	Dec. 31, 2020USD ($)
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses provision		$ (1,250,000)			$ 0
Additional reverse provision	$ 1,250,000
Loans classified in doubtful or loss risk rating		$ 0				$ 0
Number of loans modified as TDRs | Contract		0				1
Increase in allowance for loan losses due to TDRs						$ 0
Troubled debt restructuring charge-offs						$ 0
COVID-19
Financing Receivable Allowance For Credit Losses [Line Items]
Allowance for credit losses provision							$ 13,200,000
Provision for Other Credit Losses			$ 700,000	$ 1,000,000	$ 0

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Allowance for Credit Losses Activity (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Allowance for credit losses:
Beginning balance	$ 30,433	$ 33,619	$ 33,619
(Reversal of) provision for credit losses	(1,250)	0	(1,700)
Loans charged-off	(203)	(875)	(1,641)
Recoveries	116	26	155
Ending balance	29,096	32,770	30,433
Commercial and industrial
Allowance for credit losses:
Beginning balance	3,600	4,033	4,033
(Reversal of) provision for credit losses	230	(504)	(43)
Loans charged-off	(119)	(7)	(411)
Recoveries	39	7	21
Ending balance	3,750	3,529	3,600
Construction and development
Allowance for credit losses:
Beginning balance	4,221	4,735	4,735
(Reversal of) provision for credit losses	(323)	(538)	(515)
Loans charged-off		0	0
Recoveries	0	1	1
Ending balance	3,898	4,198	4,221
Commercial real estate
Allowance for credit losses:
Beginning balance	13,765	15,780	15,780
(Reversal of) provision for credit losses	(1,569)	1,087	(1,229)
Loans charged-off	0	(758)	(816)
Recoveries	1		30
Ending balance	12,197	16,109	13,765
Farmland
Allowance for credit losses:
Beginning balance	1,698	1,220	1,220
(Reversal of) provision for credit losses	302	(163)	478
Loans charged-off		0	0
Ending balance	2,000	1,057	1,698
1-4 family residential
Allowance for credit losses:
Beginning balance	5,818	6,313	6,313
(Reversal of) provision for credit losses	(119)	13	(495)
Loans charged-off		0	0
Recoveries	30	0	0
Ending balance	5,729	6,326	5,818
Multi-family residential
Allowance for credit losses:
Beginning balance	396	363	363
(Reversal of) provision for credit losses	60	133	33
Loans charged-off		0	0
Ending balance	456	496	396
Consumer
Allowance for credit losses:
Beginning balance	762	929	929
(Reversal of) provision for credit losses	146	(29)	(51)
Loans charged-off	(17)	(61)	(151)
Recoveries	16	4	35
Ending balance	907	843	762
Agricultural
Allowance for credit losses:
Beginning balance	169	239	239
(Reversal of) provision for credit losses	(13)	(31)	(78)
Loans charged-off		0	0
Recoveries		0	8
Ending balance	156	208	169
Overdrafts
Allowance for credit losses:
Beginning balance	4	7	7
(Reversal of) provision for credit losses	36	32	200
Loans charged-off	(67)	(49)	(263)
Recoveries	30	14	60
Ending balance	$ 3	$ 4	$ 4

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Credit Exposure in Company Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	$ 255,323	$ 763,835
Credit Exposure 2021	676,489	296,556
Credit Exposure 2020	271,260	181,846
Credit Exposure 2019	167,230	133,356
Credit Exposure 2018	124,816	107,292
Credit Exposure Prior	373,371	294,966
Revolving Loans Amortized Cost	145,572	130,189
Total	2,014,061	1,908,040
Credit Exposure 2022.Charge - offs	(68)	(285)
Credit Exposure 2021.Charge - offs	(6)	(36)
Credit Exposure 2020.Charge - offs	(40)	(242)
Credit Exposure 2019.Charge - offs		(155)
Credit Exposure 2018.Charge - offs		(589)
Credit Exposure Prior.Charge - offs		(273)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs	(89)	(61)
Total	(203)	(1,641)
Credit Exposure 2022, Recoveries	30	61
Credit Exposure 2021, Recoveries	1	3
Credit Exposure 2020, Recoveries		19
Credit Exposure 2019, Recoveries	10	8
Credit Exposure 2018, Recoveries	1	13
Credit Exposure Prior, Recoveries	68	30
Credit Exposure Revolving Loans Amortized Cost, Recoveries	6	21
Total	116	155
Credit Exposure 2022,Current period net	(38)	(224)
Credit Exposure 2021,Current period net	(5)	(33)
Credit Exposure 2020,Current period net	(40)	(223)
Credit Exposure 2019,Current period net	10	(147)
Credit Exposure 2018,Current period net	1	(576)
Credit Exposure Prior,Current period net	68	(243)
Credit Exposure Revolving Loans Amortized Cost,Current period net	(83)	(40)
Total	(87)	(1,486)
Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	255,323	763,519
Credit Exposure 2021	676,078	288,107
Credit Exposure 2020	269,889	181,039
Credit Exposure 2019	166,332	122,765
Credit Exposure 2018	114,363	88,616
Credit Exposure Prior	339,546	279,890
Revolving Loans Amortized Cost	145,287	130,109
Total	1,966,818	1,854,045
Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		76
Credit Exposure 2021	165	853
Credit Exposure 2020	820	5
Credit Exposure 2019	95
Credit Exposure 2018	8,921	5,521
Credit Exposure Prior	14,556	832
Revolving Loans Amortized Cost	250
Total	24,807	7,287
Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		7,273
Credit Exposure 2020	279	668
Credit Exposure 2019	662	10,250
Credit Exposure 2018	1,259	13,060
Credit Exposure Prior	17,554	12,626
Revolving Loans Amortized Cost
Total	19,754	43,877
Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		240
Credit Exposure 2021	246	323
Credit Exposure 2020	272	134
Credit Exposure 2019	141	341
Credit Exposure 2018	273	95
Credit Exposure Prior	1,715	1,618
Revolving Loans Amortized Cost	35	80
Total	2,682	2,831
Commercial and industrial
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	42,707	176,986
Credit Exposure 2021	97,124	31,798
Credit Exposure 2020	28,322	16,262
Credit Exposure 2019	15,568	6,663
Credit Exposure 2018	6,130	3,547
Credit Exposure Prior	16,342	14,669
Revolving Loans Amortized Cost	88,141	74,364
Total	294,334	324,289
Credit Exposure 2020.Charge - offs	(30)	(168)
Credit Exposure 2019.Charge - offs		(67)
Credit Exposure 2018.Charge - offs		(115)
Credit Exposure Revolving Loans Amortized Cost.Charge - offs	(89)	(61)
Total	(119)	(411)
Credit Exposure Prior, Recoveries	33
Credit Exposure Revolving Loans Amortized Cost, Recoveries	6	21
Total	39	21
Credit Exposure 2020,Current period net	(30)	(168)
Credit Exposure 2019,Current period net		(67)
Credit Exposure 2018,Current period net		(115)
Credit Exposure Prior,Current period net	33
Credit Exposure Revolving Loans Amortized Cost,Current period net	(83)	(40)
Total	(80)	(390)
Commercial and industrial | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	42,707	176,972
Credit Exposure 2021	96,935	31,337
Credit Exposure 2020	27,986	16,207
Credit Exposure 2019	14,909	6,449
Credit Exposure 2018	5,920	3,493
Credit Exposure Prior	16,305	14,657
Revolving Loans Amortized Cost	88,106	74,364
Total	292,868	323,479
Commercial and industrial | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	156	88
Credit Exposure 2018		14
Total	156	102
Commercial and industrial | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		272
Credit Exposure 2020	265	55
Credit Exposure 2019	659	192
Credit Exposure 2018	210	40
Credit Exposure Prior	37	1
Total	1,171	560
Commercial and industrial | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		14
Credit Exposure 2021	33	101
Credit Exposure 2020	71
Credit Exposure 2019		22
Credit Exposure Prior		11
Revolving Loans Amortized Cost	35
Total	139	148
Construction and development
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	42,538	180,056
Credit Exposure 2021	176,595	68,765
Credit Exposure 2020	49,089	21,108
Credit Exposure 2019	18,242	6,509
Credit Exposure 2018	6,120	9,179
Credit Exposure Prior	19,491	13,565
Revolving Loans Amortized Cost	5,960	8,615
Total	318,035	307,797
Credit Exposure Prior, Recoveries		1
Total		1
Credit Exposure Prior,Current period net		1
Total		1
Construction and development | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	42,538	180,056
Credit Exposure 2021	176,595	68,765
Credit Exposure 2020	48,275	20,499
Credit Exposure 2019	18,242	6,507
Credit Exposure 2018	6,119	8,235
Credit Exposure Prior	18,559	13,565
Revolving Loans Amortized Cost	5,960	8,615
Total	316,288	306,242
Construction and development | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	0
Credit Exposure 2020	814
Credit Exposure 2018	0	944
Credit Exposure Prior	932
Total	1,746	944
Construction and development | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2020	0	609
Credit Exposure 2019	0	2
Credit Exposure 2018	1
Total	1	611
Commercial real estate
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	67,507	134,617
Credit Exposure 2021	137,731	101,558
Credit Exposure 2020	104,126	80,857
Credit Exposure 2019	76,201	69,490
Credit Exposure 2018	67,158	61,020
Credit Exposure Prior	204,960	159,155
Revolving Loans Amortized Cost	16,875	16,145
Total	674,558	622,842
Credit Exposure 2020.Charge - offs		(17)
Credit Exposure 2019.Charge - offs		(56)
Credit Exposure 2018.Charge - offs		(472)
Credit Exposure Prior.Charge - offs		(271)
Total		(816)
Credit Exposure 2020, Recoveries		19
Credit Exposure 2018, Recoveries	1	11
Total	1	30
Credit Exposure 2020,Current period net		2
Credit Exposure 2019,Current period net		(56)
Credit Exposure 2018,Current period net	1	(461)
Credit Exposure Prior,Current period net		(271)
Total	1	(786)
Commercial real estate | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	67,507	134,617
Credit Exposure 2021	137,731	93,806
Credit Exposure 2020	104,126	80,733
Credit Exposure 2019	76,086	59,380
Credit Exposure 2018	57,139	43,457
Credit Exposure Prior	173,813	145,477
Revolving Loans Amortized Cost	16,875	16,065
Total	633,277	573,535
Commercial real estate | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	0
Credit Exposure 2021		765
Credit Exposure 2020	0
Credit Exposure 2019	0
Credit Exposure 2018	8,921	4,550
Credit Exposure Prior	13,406	788
Total	22,327	6,103
Commercial real estate | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	0	6,987
Credit Exposure 2020	0	0
Credit Exposure 2019	0	10,041
Credit Exposure 2018	1,034	12,981
Credit Exposure Prior	17,415	12,553
Total	18,449	42,562
Commercial real estate | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	0	0
Credit Exposure 2020		124
Credit Exposure 2019	115	69
Credit Exposure 2018	64	32
Credit Exposure Prior	326	337
Revolving Loans Amortized Cost		80
Total	505	642
Farmland
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	45,866	94,491
Credit Exposure 2021	92,766	12,063
Credit Exposure 2020	12,681	8,664
Credit Exposure 2019	7,915	7,456
Credit Exposure 2018	7,375	5,191
Credit Exposure Prior		11,346
Revolving Loans Amortized Cost	5,914	6,290
Total	186,982	145,501
Credit Exposure Prior,Current period net	14,465
Farmland | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	45,866	94,491
Credit Exposure 2021	92,766	11,868
Credit Exposure 2020	12,486	8,664
Credit Exposure 2019	7,915	7,456
Credit Exposure 2018	7,375	5,191
Credit Exposure Prior	14,292	11,145
Revolving Loans Amortized Cost	5,914	6,290
Total	186,614	145,105
Farmland | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior		26
Total		26
Farmland | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior	70	72
Total	70	72
Farmland | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021	195	195
Credit Exposure Prior	103	103
Revolving Loans Amortized Cost	0
Total	298	298
1-4 family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	35,231	132,618
Credit Exposure 2021	132,103	64,590
Credit Exposure 2020	63,134	43,016
Credit Exposure 2019	38,347	36,681
Credit Exposure 2018	32,316	27,045
Credit Exposure Prior	113,957	93,009
Revolving Loans Amortized Cost	15,667	13,714
Total	430,755	410,673
Credit Exposure Prior, Recoveries	30
Total	30
Credit Exposure Prior,Current period net	30
Total	30
1-4 family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	35,231	132,448
Credit Exposure 2021	131,940	64,590
Credit Exposure 2020	63,134	43,016
Credit Exposure 2019	38,256	36,501
Credit Exposure 2018	32,144	26,987
Credit Exposure Prior	112,524	91,864
Revolving Loans Amortized Cost	15,667	13,714
Total	428,896	409,120
1-4 family residential | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019	91
Credit Exposure Prior	203	18
Total	294	18
1-4 family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		170
Credit Exposure 2021	163
Credit Exposure 2020	0
Credit Exposure 2019		180
Credit Exposure 2018	172	58
Credit Exposure Prior	1,230	1,127
Total	1,565	1,535
Multi-family residential
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	12,469	16,663
Credit Exposure 2021	16,723	4,286
Credit Exposure 2020	2,742	6,436
Credit Exposure 2019	6,385	908
Credit Exposure 2018	900	474
Credit Exposure Prior	2,501	2,113
Revolving Loans Amortized Cost	301	91
Total	42,021	30,971
Multi-family residential | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	12,469	16,663
Credit Exposure 2021	16,723	4,286
Credit Exposure 2020	2,742	6,436
Credit Exposure 2019	6,385	908
Credit Exposure 2018	900	474
Credit Exposure Prior	2,501	2,113
Revolving Loans Amortized Cost	301	91
Total	42,021	30,971
Multi-family residential | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure Prior, Recoveries	0
Total	0
Consumer and Overdrafts
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	8,612	24,847
Credit Exposure 2021	20,495	11,616
Credit Exposure 2020	9,563	4,572
Credit Exposure 2019	3,739	4,709
Credit Exposure 2018	3,996	563
Credit Exposure Prior	943	543
Revolving Loans Amortized Cost	5,625	4,478
Total	52,973	51,328
Credit Exposure 2022.Charge - offs	(68)	(285)
Credit Exposure 2021.Charge - offs	(6)	(36)
Credit Exposure 2020.Charge - offs	(10)	(57)
Credit Exposure 2019.Charge - offs		(32)
Credit Exposure 2018.Charge - offs		(2)
Credit Exposure Prior.Charge - offs		(2)
Total	(84)	(414)
Credit Exposure 2022, Recoveries	30	61
Credit Exposure 2021, Recoveries	1	3
Credit Exposure 2019, Recoveries	10	8
Credit Exposure 2018, Recoveries		2
Credit Exposure Prior, Recoveries	5	21
Total	46	95
Credit Exposure 2022,Current period net	(38)	(224)
Credit Exposure 2021,Current period net	(5)	(33)
Credit Exposure 2020,Current period net	(10)	(57)
Credit Exposure 2019,Current period net	10	(24)
Credit Exposure Prior,Current period net	5	19
Total	(38)	(319)
Consumer and Overdrafts | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	8,612	24,715
Credit Exposure 2021	20,436	11,589
Credit Exposure 2020	9,551	4,557
Credit Exposure 2019	3,709	4,647
Credit Exposure 2018	3,965	558
Credit Exposure Prior	931	543
Revolving Loans Amortized Cost	5,375	4,478
Total	52,579	51,087
Consumer and Overdrafts | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		76
Credit Exposure 2021	9
Credit Exposure 2020	6	5
Credit Exposure 2019	4
Credit Exposure Prior	9
Revolving Loans Amortized Cost	250
Total	278	81
Consumer and Overdrafts | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022		56
Credit Exposure 2021	50	27
Credit Exposure 2020	6	10
Credit Exposure 2019	26	62
Credit Exposure 2018	31	5
Credit Exposure Prior	3
Total	116	160
Agricultural
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	393	3,557
Credit Exposure 2021	2,952	1,880
Credit Exposure 2020	1,603	931
Credit Exposure 2019	833	940
Credit Exposure 2018	821	273
Credit Exposure Prior	712	566
Revolving Loans Amortized Cost	7,089	6,492
Total	14,403	14,639
Total		(8)
Credit Exposure Prior, Recoveries		8
Credit Exposure Prior,Current period net		8
Total		8
Agricultural | Pass
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2022	393	3,557
Credit Exposure 2021	2,952	1,866
Credit Exposure 2020	1,589	927
Credit Exposure 2019	830	917
Credit Exposure 2018	801	221
Credit Exposure Prior	621	526
Revolving Loans Amortized Cost	7,089	6,492
Total	14,275	14,506
Agricultural | Special Mention
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2018		13
Credit Exposure Prior	6
Total	6	13
Agricultural | Substandard
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2021		14
Credit Exposure 2020	14	4
Credit Exposure 2019	3	15
Credit Exposure 2018	14	39
Credit Exposure Prior	32
Total	63	72
Agricultural | Nonaccrual
Financing Receivable Recorded Investment [Line Items]
Credit Exposure 2019		8
Credit Exposure 2018	6
Credit Exposure Prior	53	40
Total	$ 59	$ 48

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Amortized Cost Basis of Collateral-dependent Loans (Details) - Collateral Dependent Loans - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 5,302	$ 10,727
Allowance for Credit Losses Allocation	1,085	2,300
Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	5,302	10,727
Commercial and industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	757	129
Allowance for Credit Losses Allocation	282	44
Commercial and industrial | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	757	129
Construction and development
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		609
Allowance for Credit Losses Allocation		208
Construction and development | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost		609
Commercial real estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,295	9,989
Allowance for Credit Losses Allocation	553	2,048
Commercial real estate | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	4,295	$ 9,989
Consumer
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	250
Allowance for Credit Losses Allocation	250
Consumer | Real Estate
Financing Receivable Allowance For Credit Losses [Line Items]
Amortized cost	$ 250

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Payment Status of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	$ 2,014,061	$ 1,908,040
Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	4,225	3,848
Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	8,335	861
Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	582	1,157
Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	13,142	5,866
Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,000,919	1,902,174
Commercial Industrial and Warehouse lending
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	342	1,141
Total loans	294,334	324,289
Commercial Industrial and Warehouse lending | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	223	969
Commercial Industrial and Warehouse lending | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	38
Commercial Industrial and Warehouse lending | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	119	134
Commercial and industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total loans	270,074	280,569
Commercial and industrial | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	293,992	323,148
Construction and development
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	170	1,017
Total loans	318,035	307,797
Construction and development | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	170	885
Construction and development | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	132
Construction and development | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Construction and development | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	317,865	306,780
Commercial real estate
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	7,717	710
Total loans	674,558	622,842
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	727	0
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	6,990	360
Commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	350
Commercial real estate | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	666,841	622,132
Farmland
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	728	396
Total loans	186,982	145,501
Farmland | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	100	114
Farmland | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	433	87
Farmland | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	195	195
Farmland | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	186,254	145,105
1-4 family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	3,533	2,183
Total loans	430,755	410,673
1-4 family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	2,674	1,650
1-4 family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	625	123
1-4 family residential | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	234	410
1-4 family residential | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	427,222	408,490
Multi-family residential
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Total loans	42,021	30,971
Multi-family residential | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Multi-family residential | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	42,021	30,971
Consumer
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	547	370
Total loans	52,670	50,965
Consumer | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	226	189
Consumer | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	287	113
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	34	68
Consumer | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	52,123	50,595
Agricultural
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	105	49
Total loans	14,403	14,639
Agricultural | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	105	41
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	8
Agricultural | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Agricultural | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	14,298	14,590
Overdrafts
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0
Total loans	303	363
Overdrafts | Financing Receivables, 30 to 59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financing Receivables, 60 to 89 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans		0
Overdrafts | Financing Receivables, Equal to Greater than 90 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	0	0
Overdrafts | Financial Asset, Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans		0
Overdrafts | Financial Asset, Not Past Due [Member]
Financing Receivable Recorded Investment Past Due [Line Items]
Total past due loans	$ 303	$ 363

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Schedule of Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total loans	$ 2,682	$ 2,831
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Total loans	139	148
Commercial real estate
Financing Receivable, Past Due [Line Items]
Total loans	505	642
Farmland
Financing Receivable, Past Due [Line Items]
Total loans	298	298
1-4 family residential
Financing Receivable, Past Due [Line Items]
Total loans	1,565	1,535
Consumer and Overdrafts
Financing Receivable, Past Due [Line Items]
Total loans	116	160
Agricultural
Financing Receivable, Past Due [Line Items]
Total loans	$ 59	$ 48

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Summary of Troubled Debt Restructuring (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022Contract	Dec. 31, 2021USD ($)Contract
Troubled Debt Restructurings:
Number of Contracts | Contract	0	1
Pre-Modification Outstanding Recorded Investment		$ 17
Post-Modification Outstanding Recorded Investment		$ 14
Commercial and industrial
Troubled Debt Restructurings:
Number of Contracts | Contract		1
Pre-Modification Outstanding Recorded Investment		$ 17
Post-Modification Outstanding Recorded Investment		$ 14

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Securities sold under agreements to repurchase	$ 11,090	$ 14,151
Long-term line of credit	0	5,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, current borrowing capacity	25,000
Long-term line of credit	$ 0	$ 5,000
Floor | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.50%
Prime Rate | Revolving Credit Facility
Line of Credit Facility [Line Items]
Spread on variable rate	3.50%

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER DEBT - Summary of Fixed-Rate Advances (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
Federal Home Loan Bank advances	$ 7,500	$ 47,500
Fixed-rate Advances, With Monthly Interest Payments
Federal Home Loan Bank, Advances, Maturities Summary, Average Interest Rate of Amounts Due [Abstract]
2022 (percent)	1.99%
2024 (percent)	1.76%
Federal Home Loan Bank, Advances, Fiscal Year Maturity [Abstract]
2022	$ 1,500
2025	6,000
Federal Home Loan Bank advances	$ 7,500

SUBORDINATED DEBT - Schedule of

SUBORDINATED DEBT - Schedule of Subordinated Debt (Details) - USD ($) $ in Thousands	May 02, 2022	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Subordinated debt		$ 54,146	$ 19,810
Trust II Debentures
Debt Instrument [Line Items]
Subordinated debt	$ 3,093	3,093	3,093
Trust III Debentures
Debt Instrument [Line Items]
Subordinated debt		2,062	2,062
DCB Trust I Debentures
Debt Instrument [Line Items]
Subordinated debt		5,155	5,155
Subordinated Note
Debt Instrument [Line Items]
Subordinated debt		34,336	0
Other debentures
Debt Instrument [Line Items]
Subordinated debt		$ 9,500	$ 9,500

SUBORDINATED DEBT - Narrative (

SUBORDINATED DEBT - Narrative (Details) - USD ($) $ in Thousands	Nov. 30, 2020	May 31, 2020	Mar. 31, 2022	Mar. 04, 2022
Debt Instrument [Line Items]
Liquidation value per share			$ 1,000
Debentures mature date			30 years
Private placement				$ 35,000
Fixed Interest rate per year				3.625%
Long-term Debt			$ 43,836
Subordinated debentures
Debt Instrument [Line Items]
Debt issuance cost			664
Subordinated debentures | Trust II Debentures
Debt Instrument [Line Items]
Debenture issued			$ 3,093
Subordinated debentures | Trust II Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			3.35%
Subordinated debentures | Trust III Debentures
Debt Instrument [Line Items]
Debenture issued			$ 2,062
Subordinated debentures | Trust III Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			30 days
Subordinated debentures | Trust III Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			60 days
Redemption price of debentures as a percentage of principal			100.00%
Subordinated debentures | Trust III Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			1.67%
Subordinated debentures | DCB Trust I Debentures
Debt Instrument [Line Items]
Debenture issued			$ 5,155
Subordinated debentures | DCB Trust I Debentures | Minimum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			30 days
Subordinated debentures | DCB Trust I Debentures | Maximum
Debt Instrument [Line Items]
Notice period required for redemption of debentures			60 days
Redemption price of debentures as a percentage of principal			100.00%
Subordinated debentures | DCB Trust I Debentures | 3 Month LIBOR
Debt Instrument [Line Items]
Spread on variable rate			1.80%
Subordinated debentures | Other Debentures Issued in December 2015
Debt Instrument [Line Items]
Notice period required for redemption of debentures		30 days
Redemption price of debentures as a percentage of principal		100.00%
Debenture issued, par value per instrument issued		$ 500
Debt instrument maturity start date		Nov. 1, 2020
Debt instrument maturity end date		Nov. 1, 2024
Long-term Debt			$ 9,500
Subordinated debentures | Other Debentures Issued in December 2015 | Directors and Related Parties
Debt Instrument [Line Items]
Debenture issued		$ 10,000
Subordinated debentures | Other Debentures Issued in December 2015 | Minimum
Debt Instrument [Line Items]
Stated interest rate		1.00%
Subordinated debentures | Other Debentures Issued in December 2015 | Maximum
Debt Instrument [Line Items]
Stated interest rate		4.00%
Subordinated debentures | Other Subordinated Debentures Issued In July 2015 [Member]
Debt Instrument [Line Items]
Debentures that matured and were paid off	$ 500

SUBORDINATED DEBT - Schedule _2

SUBORDINATED DEBT - Schedule of Trusts (Details) $ in Thousands	Mar. 31, 2022USD ($)shares
Trust II
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 93
Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	62
DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Common securities liquidation value	$ 155
Capital trust pass-through securities | Trust II
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	3,000
Original liquidation value	$ 3,000
Capital trust pass-through securities | Trust III
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	2,000
Original liquidation value	$ 2,000
Capital trust pass-through securities | DCB Trust I
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Number of shares (in shares) | shares	5,000
Original liquidation value	$ 5,000

SUBORDINATED DEBT- Schedule of

SUBORDINATED DEBT- Schedule of Terms of Subordinated Debentures (Details) - Subordinated debentures $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Trust II Debentures
Debt Instrument [Line Items]
Original amount	$ 3,093
Maturity date	Oct. 30, 2032
Interest due	Quarterly
Trust III Debentures
Debt Instrument [Line Items]
Original amount	$ 2,062
Maturity date	Oct. 1, 2036
Interest due	Quarterly
DCB Trust I Debentures
Debt Instrument [Line Items]
Original amount	$ 5,155
Maturity date	Jun. 15, 2037
Interest due	Quarterly

SUBORDINATED DEBT- Schedule o_2

SUBORDINATED DEBT- Schedule of Principal Payments and Weighted Average Rates of Other Debentures (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
Current Weighted Average Rate, 2022	2.45%
Current Weighted Average Rate, 2023	2.85%
Current Weighted Average Rate, 2024	3.74%
Thereafter	3.63%
Principal Due, 2022	$ 2,000
Principal Due, 2023	3,500
Principal Due, 2024	4,000
Thereafter	34,336
Principal payments	$ 43,836

EQUITY AWARDS - Narrative (Deta

EQUITY AWARDS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 1,817
Unrecognized compensation expense, period for recognition	3 years 2 months 1 day
Exercised (in shares)	0	24,250
Restricted Stock | Minimum | Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares permitted for grant (in shares)	1,100,000
Grace period for vested options, forfeitures in period	90 days
2015 Equity Incentive Plan | Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term	10 years
Share-based compensation expense	$ 156	$ 162
2015 Equity Incentive Plan | Option | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
2015 Equity Incentive Plan | Option | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	10 years

EQUITY AWARDS - Schedule of Sto

EQUITY AWARDS - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Number of Shares
Outstanding at beginning of year (in shares)	502,780	506,200	506,200
Effect of 10% stock dividend (in shares)		50,770
Granted (in shares)	39,000	24,500
Exercised (in shares)	0	(24,250)
Forfeited (in shares)	(5,060)	(10,000)
Balance (in shares)	536,720	547,220	502,780	506,200
Exercisable
Outstanding (in shares)	307,086	296,922
Weighted-average exercise price (in USD per share)	$ 24.30	$ 23.49
Weighted-average remaining contractual life in years	4 years 3 months 10 days	4 years 7 months 20 days
Aggregate intrinsic value	$ 3,285	$ 3,938
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 25.77	$ 26.81	$ 26.81
Granted (in USD per share)	35.89	33.37
Exercised (in USD per share)		21.74
Forfeited (in USD per share)	26.92	28.54
Balance (in USD per share)	$ 26.50	$ 24.81	$ 25.77	$ 26.81
Weighted-Average Remaining Contractual Life in Years
Outstanding	5 years 7 months 24 days	5 years 10 months 17 days	5 years 7 months 2 days	5 years 9 months 25 days
Aggregate Intrinsic Value
Outstanding	$ 5,936	$ 1,805	$ 1,805
Exercised	0	364
Outstanding	$ 4,626	$ 6,532	$ 5,936	$ 1,805

EQUITY AWARDS - Schedule of S_2

EQUITY AWARDS - Schedule of Stock Option Activity (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock dividend percentage	10.00%

EQUITY AWARDS - Schedule of Non

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Number of Shares
Outstanding at beginning of year (in shares)	207,084	214,680
Effect of 10% stock dividend (in shares)		23,218
Granted (in shares)	39,000	24,500
Vested (in shares)	(14,030)	(12,100)
Forfeited (in shares)	(2,420)
Balance (in shares)	229,634	250,298
Weighted-Average Exercise Price
Outstanding at beginning of year (in USD per share)	$ 5.23	$ 4.46
Granted (in USD per share)	6.03	5.67
Vested (in USD per share)	5.21	4.59
Forfeited (in USD per share)	9.13
Balance (in USD per share)	$ 5.38	$ 5.11

EQUITY AWARDS - Schedule of N_2

EQUITY AWARDS - Schedule of Nonvested Stock Option Activity (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Stock dividend percentage	10.00%

EQUITY AWARDS - Information Rel

EQUITY AWARDS - Information Related to Stock Options Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Intrinsic value of options exercised	$ 0	$ 364
Cash received from options exercised	$ 0	$ 527
Weighted average fair value of options granted (in USD per share)	$ 6.03	$ 5.67

EQUITY AWARDS - Summary of Rest

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Details) - Restricted Stock Awards And Units [Member] - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Number of Shares
Outstanding at beginning of year (in shares)	30,190	35,300
Effect of 10% stock dividend (in shares)		3,530
Vested (in shares)	(4,070)	(4,840)
Balance (in shares)	26,120	33,990
Weighted-Average Grant Date Fair Value
Outstanding at beginning of year	$ 27.52	$ 29.72
Vested	27.50	30.25
Balance	$ 27.52	$ 26.95

EQUITY AWARDS - Summary of Re_2

EQUITY AWARDS - Summary of Restricted Stock Awards and Units Activity (Parenthetical) (Details)	3 Months Ended
	Mar. 31, 2021
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock dividend percentage	10.00%

EMPLOYEE BENEFITS - Narrative (

EMPLOYEE BENEFITS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Employee stock ownership plan, maximum employer contribution as a percentage of participant's qualified compensation	5.00%
Employee stock ownership plan, total contributions accrued or paid	$ 436	$ 404
Employee stock ownership plan, shares held under plan (in shares)	1,242,594
Employee stock ownership plan, unallocated shares (in shares)	0
Cash surrender value of life insurance	$ 37,352		$ 37,141
Bonus expense	1,267	880
Executive Incentive Retirement Plan | Postretirement Life Insurance | Nonqualified Plan | Unfunded Plan
Defined Benefit Plan Disclosure [Line Items]
Cash surrender value of life insurance	37,352		37,141
Plan cost	322	$ 358
Plan obligation	$ 5,134		$ 4,969

LEASES - Additional Information

LEASES - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating leases, option to extend	10 years
Operating lease right-of-use assets	$ 13,911		$ 14,376
Operating lease right-of-use liabilities	14,477		$ 14,882
Occupancy Expenses
Operating leases, rental expense	$ 549	$ 568
Minimum
Operating leases, remaining lease term	1 year
Maximum
Operating leases, remaining lease term	14 years

LEASES - Schedule of Summarizes

LEASES - Schedule of Summarizes Other Information Related to Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating leases
Operating lease right-of-use assets	$ 13,911	$ 14,376
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Operating lease liabilities	$ 14,477	$ 14,882
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Liabilities	Liabilities
Weighted average remaining lease term
Operating leases	8 years	8 years
Weighted average discount rate
Operating leases	1.96%	1.95%

LEASES - Schedule of Minimum Fu

LEASES - Schedule of Minimum Future Lease Payments Under Non-Cancelable Operating Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2022	$ 1,606
2023	2,093
2024	2,039
2025	1,870
2026	1,642
Thereafter	5,874
Total lease payments	15,124
Less: interest	(647)
Present value of lease liabilities	$ 14,477	$ 14,882

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense for the period	$ 2,235	$ 2,336
Effective tax rate	17.23%	17.57%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Federal statutory tax rate	21.00%	21.00%

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Sep. 30, 2021
Derivative [Line Items]
Gain on swaps cancellation	$ 685
Interest expense	1,570	$ 2,022
Interest Rate Swap
Derivative [Line Items]
Notional amount				$ 5,000
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative [Line Items]
Interest expense	$ 63	$ 155
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap | FHLB Advances
Derivative [Line Items]
Notional amount			$ 40,000

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Schedule of Information Pertaining to Outstanding Interest Rate Swap Agreements (Details) - Interest Rate Swap, 3 month LIBOR - Designated as Hedging Instrument - Cash Flow Hedging	12 Months Ended
	Dec. 31, 2021USD ($)
Derivative [Line Items]
Notional Amount	$ 15,000,000
Pay Rate	0.668%
Effective Date	Mar. 18, 2020
Maturity in Years	1 year 2 months 19 days
Unrealized Losses	$ (8,000)
Notional Amount	$ 15,000,000
Pay Rate	0.79%
Effective Date	Mar. 18, 2020
Maturity in Years	3 years 2 months 19 days
Unrealized Losses	$ 184,000
Notional Amount	$ 10,000,000
Pay Rate	0.53%
Effective Date	Mar. 23, 2020
Maturity in Years	1 year 2 months 23 days
Unrealized Losses	$ 12,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Other Commitments [Line Items]
FHLB letters of credit	$ 31,033,000
Letters of credit
Other Commitments [Line Items]
Potential guarantee obligation	0	$ 0
Loans Receivable
Other Commitments [Line Items]
Allowance for credit loss	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Commitments and Letters of Credit (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments to extend credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 426,745	$ 405,269
Letters of credit
Other Commitments [Line Items]
Off-balance sheet liability	$ 9,421	$ 8,357

REGULATORY MATTERS - Narrative

REGULATORY MATTERS - Narrative (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Subordinated debentures | Subordinated Debentures II, Subordinated Debentures III, and DCB Debentures I
Common equity tier 1 capital to risk-weighted assets:
Debenture issued	$ 10,310,000	$ 10,310,000
Maximum
Common equity tier 1 capital to risk-weighted assets:
Capital conservation buffer percentage	2.50%

REGULATORY MATTERS - Comparison

REGULATORY MATTERS - Comparison of the Company's and Bank's Actual Capital Amounts and Ratios to Required Capital Amounts and Ratios (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Total capital to risk-weighted assets:
Actual, Amount	$ 339,743	$ 297,370
Actual, Ratio	15.89	14.51
Minimum Required for Capital Adequacy Purposes, Amount	$ 171,045	$ 163,986
Minimum Required for Capital Adequacy Purposes, Ratio	8	8
Minimum Required Under Basel III (Including Buffer), Amount	$ 224,496	$ 215,232
Minimum Required Under Basel III (Including Buffer), Ratio	10.50	10.50
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 278,653	$ 271,696
Actual, Ratio	13.03	13.25
Minimum Required for Capital Adequacy Purposes, Amount	$ 128,283	$ 122,990
Minimum Required for Capital Adequacy Purposes, Ratio	6	6
Minimum Required Under Basel III (Including Buffer), Amount	$ 181,735	$ 174,235
Minimum Required Under Basel III (Including Buffer), Ratio	8.50	8.50
Tier 1 capital to average assets:
Actual, Amount	$ 278,653	$ 271,696
Actual, Ratio	8.99	9.18
Minimum Required for Capital Adequacy Purposes, Amount	$ 123,998	$ 118,369
Minimum Required for Capital Adequacy Purposes, Ratio	4	4
Minimum Required Under Basel III (Including Buffer), Amount	$ 123,998	$ 118,369
Minimum Required Under Basel III (Including Buffer), Ratio	4	4
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 268,343	$ 261,386
Actual, Ratio	12.55	12.75
Minimum Required for Capital Adequacy Purposes, Amount	$ 96,213	$ 92,242
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 149,664	$ 143,488
Minimum Required Under Basel III (Including Buffer), Ratio	7.00%	7.00%
Bank
Total capital to risk-weighted assets:
Actual, Amount	$ 324,424	$ 311,335
Actual, Ratio	15.17	15.19
Minimum Required for Capital Adequacy Purposes, Amount	$ 171,045	$ 163,936
Minimum Required for Capital Adequacy Purposes, Ratio	8	8
Minimum Required Under Basel III (Including Buffer), Amount	$ 224,496	$ 215,166
Minimum Required Under Basel III (Including Buffer), Ratio	10.50	10.50
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 213,806	$ 204,920
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10	10
Tier 1 capital to risk-weighted assets:
Actual, Amount	$ 297,670	$ 285,661
Actual, Ratio	13.92	13.94
Minimum Required for Capital Adequacy Purposes, Amount	$ 128,283	$ 122,952
Minimum Required for Capital Adequacy Purposes, Ratio	6	6
Minimum Required Under Basel III (Including Buffer), Amount	$ 181,735	$ 174,182
Minimum Required Under Basel III (Including Buffer), Ratio	8.50	8.50
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 171,045	$ 163,936
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8	8
Tier 1 capital to average assets:
Actual, Amount	$ 297,670	$ 285,661
Actual, Ratio	9.60	9.66
Minimum Required for Capital Adequacy Purposes, Amount	$ 123,967	$ 118,345
Minimum Required for Capital Adequacy Purposes, Ratio	4	4
Minimum Required Under Basel III (Including Buffer), Amount	$ 123,967	$ 118,345
Minimum Required Under Basel III (Including Buffer), Ratio	4	4
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 154,959	$ 147,931
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5	5
Common equity tier 1 capital to risk-weighted assets:
Actual, Amount	$ 297,670	$ 285,661
Actual, Ratio	13.92	13.94
Minimum Required for Capital Adequacy Purposes, Amount	$ 96,213	$ 92,214
Minimum Required for Capital Adequacy Purposes, Ratio	4.50%	4.50%
Minimum Required Under Basel III (Including Buffer), Amount	$ 149,664	$ 143,444
Minimum Required Under Basel III (Including Buffer), Ratio	7.00%	7.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 138,974	$ 133,198
To Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

FAIR VALUE - Additional Informa

FAIR VALUE - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreclosed assets	$ 0	$ 0
Assets at fair value on a nonrecurring basis: | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other real estate owned	$ 0	$ 0

FAIR VALUE - Schedule of Financ

FAIR VALUE - Schedule of Financial Assets (Liabilities) Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 306,704	$ 342,206
Cash surrender value of life insurance	37,352	37,141
SBA servicing assets	1,004	877
Derivative instrument assets		196
Derivative instrument liabilities		(8)
Individually evaluated collateral dependent loans	4,217
Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	197,892	221,308
Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	65,035	74,992
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	34,496	35,935
U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	9,281	9,971
Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,166	4,129
Assets (liabilities) at fair value on a recurring basis: | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	197,892	221,308
Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	65,035	74,992
Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	34,496	35,935
Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	9,281	9,971
Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	4,217	4,244
Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	0	0
SBA servicing assets	0	0
Derivative instrument assets		0
Derivative instrument liabilities		0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Quoted Prices in Active Markets for Identical Assets (Level 1) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Observable Inputs (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	0	0
Cash surrender value of life insurance	37,352	37,141
SBA servicing assets	0	0
Derivative instrument assets		196
Derivative instrument liabilities		(8)
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	197,892	221,308
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	65,035	74,992
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	34,496	35,935
Significant Other Observable Inputs (Level 2) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	9,281	9,971
Significant Other Observable Inputs (Level 2) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	0	0
Significant Other Observable Inputs (Level 2) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,166	4,129
Cash surrender value of life insurance	0	0
SBA servicing assets	1,004	877
Derivative instrument assets		0
Derivative instrument liabilities		0
Individually evaluated collateral dependent loans	4,217
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Mortgage-backed securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Collateralized mortgage obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets (liabilities) at fair value on a recurring basis: | U.S. government agencies
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	0	0
Significant Other Unobservable Inputs (Level 3) | Assets at fair value on a nonrecurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated collateral dependent loans	4,217	4,244
Significant Other Unobservable Inputs (Level 3) | Municipal securities | Assets (liabilities) at fair value on a recurring basis:
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale	$ 0	$ 0

FAIR VALUE - Schedule of Indivi

FAIR VALUE - Schedule of Individually Evaluated Collateral Dependent Loans at Fair Value (Details) $ in Thousands	Mar. 31, 2022USD ($)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 4,217
Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	4,217
Construction and Development
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	0
Construction and Development | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	0
Commercial Real Estate
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	3,742
Commercial Real Estate | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	3,742
Commercial and Industrial
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	475
Commercial and Industrial | Significant Other Unobservable Inputs (Level 3)
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Individually evaluated collateral dependent loans	$ 475

FAIR VALUE - Schedule of Carryi

FAIR VALUE - Schedule of Carrying Amounts and Estimated Fair Value of Assets And Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Reported Value Measurement
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	$ 222,091	$ 499,605
Marketable securities held to maturity	494,289	184,263
Loans, net	1,983,449	1,876,076
Accrued interest receivable	8,961	8,901
Nonmarketable equity securities	12,513	15,344
Financial liabilities:
Deposits	2,797,410	2,670,827
Securities sold under repurchase agreements	11,090	14,151
Accrued interest payable	591	481
Federal Home Loan Bank advances	7,500	47,500
Subordinated debentures	54,146	19,810
Fair Value
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	222,091	499,605
Marketable securities held to maturity	490,523	192,472
Loans, net	1,951,997	1,883,756
Accrued interest receivable	8,961	8,901
Nonmarketable equity securities	12,513	15,344
Financial liabilities:
Deposits	2,797,744	2,671,404
Securities sold under repurchase agreements	11,090	14,151
Accrued interest payable	591	481
Federal Home Loan Bank advances	7,494	47,501
Subordinated debentures	52,190	17,833
Fair Value | Level 1 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	222,091	499,605
Marketable securities held to maturity	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	2,473,118	2,341,048
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debentures	0	0
Fair Value | Level 2 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity	490,523	192,472
Loans, net	0	0
Accrued interest receivable	8,961	8,901
Nonmarketable equity securities	12,513	15,344
Financial liabilities:
Deposits	324,626	330,356
Securities sold under repurchase agreements	11,090	14,151
Accrued interest payable	591	481
Federal Home Loan Bank advances	7,494	47,501
Subordinated debentures	52,190	17,833
Fair Value | Level 3 Inputs
Financial assets:
Cash, due from banks, federal funds sold and interest-bearing deposits	0	0
Marketable securities held to maturity	0	0
Loans, net	1,951,997	1,883,756
Accrued interest receivable	0	0
Nonmarketable equity securities	0	0
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	0	0
Accrued interest payable	0	0
Federal Home Loan Bank advances	0	0
Subordinated debentures	$ 0	$ 0

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Numerator:
Net earnings (basic)	$ 10,738	$ 10,962
Net earnings (diluted)	$ 10,738	$ 10,962
Denominator:
Weighted-average shares outstanding (basic) (in shares)	12,109,074	12,038,638
Effect of dilutive securities:
Common stock equivalent shares from stock options (in shares)	151,871	139,138
Weighted-average shares outstanding (diluted) (in shares)	12,260,945	12,177,776
Net earnings per share
Basic (in USD per share)	$ 0.89	$ 0.91
Diluted (in USD per share)	$ 0.88	$ 0.90