First Northern Community Bancorp (FNRN) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 06, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	000-30707
Entity Registrant Name	FIRST NORTHERN COMMUNITY BANCORP
Entity Central Index Key	0001114927
Entity Incorporation, State or Country Code	CA
Entity Tax Identification Number	68-0450397
Entity Address, Address Line One	195 N. First Street
Entity Address, City or Town	Dixon
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95620
City Area Code	707
Local Phone Number	678-3041
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,529,531

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 186,909	$ 149,211
Certificates of deposit	18,185	19,710
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses of $0; amortized cost of $608,472 at March 31, 2024 and $620,314 at December 31, 2023	558,441	572,357
Loans, net of allowance for credit losses of $16,246 at March 31, 2024 and $16,596 at December 31, 2023	1,047,296	1,052,465
Stock in Federal Home Loan Bank and other equity securities, at cost	10,518	10,518
Premises and equipment, net	9,694	9,962
Core deposit intangible	3,931	4,141
Interest receivable and other assets	52,150	53,468
Total Assets	1,887,124	1,871,832
Liabilities:
Demand deposits	736,794	744,799
Interest-bearing transaction deposits	372,762	380,477
Savings and MMDA's	443,201	431,472
Time, $250,000 or less	127,009	109,373
Time, over $250,000	29,106	26,323
Total deposits	1,708,872	1,692,444
Interest payable and other liabilities	15,903	20,143
Total Liabilities	1,724,775	1,712,587
Commitments and contingencies (Note 7)
Stockholders' Equity:
Common stock, no par value; 32,000,000 shares authorized; 15,550,731 shares issued and outstanding at March 31, 2024 and 15,482,332 shares issued and outstanding at December 31, 2023	123,856	123,235
Additional paid-in capital	977	977
Retained earnings	72,704	68,760
Accumulated other comprehensive loss, net	(35,188)	(33,727)
Total Stockholders' Equity	162,349	159,245
Total Liabilities and Stockholders' Equity	$ 1,887,124	$ 1,871,832

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Investment securities - available-for-sale, amortized cost	$ 608,472	$ 620,314
Investment securities - available-for-sale, at estimated fair value, allowance for loan losses	0	0
Loans, allowance for credit losses	$ 16,246	$ 16,596
Stockholder's Equity:
Common stock, par value (in dollars per share)	$ 0	$ 0
Common stock, shares authorized (in shares)	32,000,000	32,000,000
Common stock, shares issued (in shares)	15,550,731	15,482,332
Common stock, shares outstanding (in shares)	15,550,731	15,482,332

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Loans	$ 13,475	$ 11,377
Due from banks interest bearing accounts	1,715	2,400
Investment securities
Taxable	2,845	2,683
Non-taxable	252	273
Other earning assets	256	178
Total interest and dividend income	18,543	16,911
Interest expense:
Deposits	3,181	930
Total interest expense	3,181	930
Net interest income	15,362	15,981
Reversal of provision for credit losses	(300)	0
Net interest income after reversal of provision for credit losses	15,662	15,981
Non-interest income:
Service charges on deposit accounts	428	412
Gains on sales of loans held-for-sale	0	18
Investment and brokerage services income	139	121
Mortgage brokerage income	9	10
Loan servicing income	67	64
Debit card income	659	654
(Losses) gains on sales/calls of available-for-sale securities	(42)	2
Gain on bargain purchase	0	1,405
Other income	247	187
Total non-interest income	1,507	2,873
Non-interest expenses:
Salaries and employee benefits	6,671	6,805
Occupancy and equipment	1,127	1,017
Data processing	1,020	1,019
Stationery and supplies	60	100
Advertising	108	146
Directors' fees	69	66
Amortization of core deposit intangible	210	151
Other expense	1,962	1,980
Total non-interest expenses	11,227	11,284
Income before provision for income taxes	5,942	7,570
Provision for income taxes	1,666	2,081
Net income	$ 4,276	$ 5,489
Basic earnings per common share (in dollars per share)	$ 0.28	$ 0.36
Diluted earnings per common share (in dollars per share)	$ 0.28	$ 0.36

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS (UNAUDITED) [Abstract]
Net income	$ 4,276	$ 5,489
Other comprehensive (losses) gains, net of tax:
Unrealized holding (losses) gains arising during the period, net of tax effect of $(625) and $2,522 for the three-month periods ended March 31, 2024 and March 31, 2023, respectively	(1,491)	6,014
Less: reclassification adjustment due to (losses) gains realized on sales of securities, net of tax effect of $12 and $(1) for the three-month periods ended March 31, 2024 and March 31, 2023, respectively	30	(1)
Other comprehensive (loss) income	(1,461)	6,013
Comprehensive income	$ 2,815	$ 11,502

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/LOSS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other comprehensive (losses) gains, net of tax:
Unrealized holding (losses) gains arising during the period, tax	$ (625)	$ 2,522
Reclassification adjustment due to losses realized on sales of securities, tax	$ 12	$ (1)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock [Member]	Common Stock [Member] Cumulative Change, Adjusted Balance [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Cumulative Change, Adjusted Balance [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Change, Adjustment [Member]	Retained Earnings [Member] Cumulative Change, Adjusted Balance [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Accumulated Other Comprehensive Income (Loss) [Member] Cumulative Change, Adjusted Balance [Member]	Total	Cumulative Change, Adjustment [Member]	Cumulative Change, Adjusted Balance [Member]
Balance at Dec. 31, 2022	$ 116,099	$ 116,099	$ 977	$ 977	$ 54,492	$ (916)	$ 53,576	$ (46,528)	$ (46,528)	$ 125,040	$ (916)	$ 124,124
Balance (in shares) at Dec. 31, 2022	14,652,584	14,652,584
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]						ASU 2016-13 [Member]	ASU 2016-13 [Member]				ASU 2016-13 [Member]	ASU 2016-13 [Member]
Net income					5,489					5,489
Other comprehensive income (loss), net of tax								6,013		6,013
Stock dividend adjustment	$ 296				(296)					0
Stock dividend adjustment (in shares)	3,525
Cash in lieu of fractional shares					(7)					(7)
Cash in lieu of fractional shares (in shares)	(164)
Stock-based compensation	$ 192									192
Common shares issued related to restricted stock grants	$ 0									0
Common shares issued related to restricted stock grants (in shares)	72,242
Stock options exercised, net of swapped shares	$ 0									0
Stock options exercised, net (in shares)	11,000
Stock repurchase and retirement	$ (26)									(26)
Stock repurchase and retirement (in shares)	(3,580)
Balance at Mar. 31, 2023	$ 116,561		977		58,762			(40,515)		135,785
Balance (in shares) at Mar. 31, 2023	14,735,607
Balance at Dec. 31, 2023	$ 123,235		977		68,760			(33,727)		159,245
Balance (in shares) at Dec. 31, 2023	15,482,332
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					4,276					4,276
Other comprehensive income (loss), net of tax								(1,461)		(1,461)
Stock dividend adjustment	$ 325				(325)					0
Stock dividend adjustment (in shares)	2,671
Cash in lieu of fractional shares					(7)					(7)
Cash in lieu of fractional shares (in shares)	(148)
Stock-based compensation	$ 296									296
Common shares issued related to restricted stock grants, net of restricted stock reversals	$ 0									0
Common shares issued related to restricted stock grants, net of restricted stock reversals (in shares)	57,489
Stock options exercised, net of swapped shares	$ 0									0
Stock options exercised, net (in shares)	8,387
Balance at Mar. 31, 2024	$ 123,856		$ 977		$ 72,704			$ (35,188)		$ 162,349
Balance (in shares) at Mar. 31, 2024	15,550,731

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows From Operating Activities
Net income	$ 4,276	$ 5,489
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	268	230
Accretion and amortization of investment securities premiums and discounts, net	291	612
(Decrease) increase in deferred loan origination fees and costs, net	(123)	424
Amortization of core deposit intangible	210	151
Reversal of provision for credit losses	(300)	0
Stock-based compensation	296	192
Loss (gain) on sales/calls of available-for-sale securities	42	(2)
Amortization of operating lease right-of-use asset	273	268
Gain on sales of loans held-for-sale	0	(18)
Proceeds from sales of loans held-for-sale	670	420
Originations of loans held-for-sale	(670)	(817)
Gain on bargain purchase	0	(1,405)
Changes in assets and liabilities:
Decrease in interest receivable and other assets	1,658	2,755
Net decrease in interest payable and other liabilities	(4,240)	(3,263)
Net cash provided by operating activities	2,651	5,036
Cash Flows From Investing Activities
Proceeds from calls or maturities of available-for-sale securities	16,240	8,750
Proceeds from sales of available-for-sale securities	971	7,201
Principal repayments on available-for-sale securities	16,810	17,317
Purchase of available-for-sale securities	(22,512)	(31,047)
Proceeds from maturities of certificates of deposit	2,465	980
Purchase of certificates of deposit	(940)	(1,727)
Net decrease (increase) in loans	5,592	(495)
Purchases of premises and equipment	0	(285)
Cash and cash equivalents acquired in acquisition	0	103,425
Net cash provided by investing activities	18,626	104,119
Cash Flows From Financing Activities
Net increase (decrease) in deposits	16,428	(90,429)
Cash dividends paid in lieu of fractional shares	(7)	(7)
Repurchases and retirements of common stock	0	(26)
Net cash provided by (used in) financing activities	16,421	(90,462)
Net increase in Cash and Cash Equivalents	37,698	18,693
Cash and Cash Equivalents, beginning of period	149,211	187,417
Cash and Cash Equivalents, end of period	186,909	206,110
Cash paid during the period for:
Interest	2,978	870
Income taxes	4,270	0
Supplemental disclosures of non-cash investing and financing activities:
Stock dividend distributed	6,392	5,652
Unrealized holding (losses) gains on available for sale securities, net of taxes	(1,461)	6,013
Market value of shares tendered in-lieu of cash to pay for exercise of options	93	81
Recognition of right-of-use assets obtained in exchange for operating lease liabilities	0	245
Non-cash assets acquired (liabilities assumed) in acquisition:
Total assets acquired	0	12,612
Total liabilities assumed	$ 0	$ (115,916)

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2024
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of First Northern Community Bancorp (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Articles 9 and 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of results expected for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. All material intercompany balances and transactions have been eliminated in consolidation .

ACCOUNTING POLICIES

ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
ACCOUNTING POLICIES	2. ACCOUNTING POLICIES The most significant accounting policies followed by the Company are presented in Note 1 to the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. These policies, along with the disclosures presented in the other financial statement notes and in this discussion, provide information on how significant assets and liabilities are valued in the financial statements and how those values are determined. Accounting Standards Adopted in 2024 On January 1, 2024, the Company adopted Accounting Standards Updated (ASU) 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions Recently Issued Accounting Pronouncements In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2024
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES The amortized cost, unrealized gains and losses and estimated fair values of investments in debt and other securities at March 31, 2024 are summarized as follows: Amortized cost Unrealized gains Unrealized losses Estimated fair value ACL Investment securities available-for-sale: U.S. Treasury securities $ 84,676 $ 60 $ (2,850 ) $ 81,886 $ — Securities of U.S. government agencies and corporations 115,840 48 (6,177 ) 109,711 — Obligations of states and political subdivisions 55,599 149 (3,860 ) 51,888 — Collateralized mortgage obligations 105,134 — (17,681 ) 87,453 — Mortgage-backed securities 247,223 95 (19,815 ) 227,503 — Total debt securities $ 608,472 $ 352 $ (50,383 ) $ 558,441 $ — The amortized cost, unrealized gains and losses and estimated fair values of investments in debt and other securities at December 31, 2023 are summarized as follows: Amortized cost Unrealized gains Unrealized losses Estimated fair value ACL Investment securities available-for-sale: U.S. Treasury securities $ 90,063 $ 134 $ (3,015 ) $ 87,182 $ — Securities of U.S. government agencies and corporations 121,305 105 (6,331 ) 115,079 — Obligations of states and political subdivisions 55,021 237 (3,581 ) 51,677 — Collateralized mortgage obligations 107,658 15 (16,726 ) 90,947 — Mortgage-backed securities 246,267 242 (19,037 ) 227,472 — Total debt securities $ 620,314 $ 733 $ (48,690 ) $ 572,357 $ — The Company had $971,000 and $7,201,000 proceeds from sales of available-for-sale securities for the three months ended March 31, 2024 and March 31, 2023, respectively. Gross realized gains on sales/calls of available-for-sale securities were $0 and $58,000 for the three months ended March 31, 2024 and March 31, 2023, respectively. Gross realized losses on sales of available-for-sale securities were $42,000 and $56,000 for the three months ended March 31, 2024 and March 31, 2023, respectively. The amortized cost and estimated fair value of debt and other securities at March 31, 2024, by contractual maturity, are shown in the following table: (in thousands) Amortized cost Estimated fair value Maturity in years: Due in one year or less $ 71,862 $ 70,762 Due after one year through five years 126,902 119,731 Due after five years through ten years 29,358 27,406 Due after ten years 27,993 25,586 Subtotal 256,115 243,485 MBS & CMO 352,357 314,956 Total $ 608,472 $ 558,441 Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. In addition, factors such as prepayments and interest rates may affect the yield on the carrying value of mortgage-related securities. An analysis of gross unrealized losses of the available-for-sale investment securities portfolio as of March 31, 2024, follows: Less than 12 months 12 months or more Total (in thousands) Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses U.S. Treasury securities $ 2,401 $ (15 ) $ 68,912 $ (2,835 ) $ 71,313 $ (2,850 ) Securities of U.S. government agencies and corporations 9,804 (43 ) 92,229 (6,134 ) 102,033 (6,177 ) Obligations of states and political subdivisions 11,059 (100 ) 31,341 (3,760 ) 42,400 (3,860 ) Collateralized mortgage obligations 3,651 (21 ) 82,409 (17,660 ) 86,060 (17,681 ) Mortgage-backed securities 24,555 (244 ) 184,678 (19,571 ) 209,233 (19,815 ) Total $ 51,470 $ (423 ) $ 459,569 $ (49,960 ) $ 511,039 $ (50,383 ) Forty-five securities, all considered investment grade, which had an aggregate fair value of $51,470,000 and a total unrealized loss of $423,000 have been in an unrealized loss position for less than twelve months as of March 31, 2024. Four hundred and sixty The fair value of investment securities could decline in the future if the general economy deteriorates, inflation increases, credit ratings decline, the issuer’s financial condition deteriorates, or the liquidity for securities declines. As a result, an allowance for credit loss may occur in the future. An analysis of gross unrealized losses of the available-for-sale investment securities portfolio as of December 31, 2023, follows: Less than 12 months 12 months or more Total (in thousands) Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses U.S. Treasury Securities $ — $ — $ 77,203 $ (3,015 ) $ 77,203 $ (3,015 ) Securities of U.S. government agencies and corporations 3,424 (7 ) 97,057 (6,324 ) 100,481 (6,331 ) Obligations of states and political subdivisions 4,981 (31 ) 32,578 (3,550 ) 37,559 (3,581 ) Collateralized Mortgage obligations 6,597 (26 ) 80,995 (16,700 ) 87,592 (16,726 ) Mortgage-backed securities 17,023 (124 ) 182,626 (18,913 ) 199,649 (19,037 ) Total $ 32,025 $ (188 ) $ 470,459 $ (48,502 ) $ 502,484 $ (48,690 ) Investment securities carried at $42,153,000 and $43,884,000 at March 31, 2024 and December 31, 2023, respectively, were pledged to secure public deposits or for other purposes as required or permitted by law.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	4. LOANS AND ALLOWANCE FOR CREDIT LOSSES The composition of the Company’s loan portfolio, by loan class, as of March 31, 2024 and December 31, 2023 was as follows: ($ in thousands) March 31, 2024 December 31, 2023 Commercial $ 108,786 $ 106,897 Commercial Real Estate 726,069 721,729 Agriculture 91,865 105,838 Residential Mortgage 108,553 107,328 Residential Construction 11,981 12,323 Consumer 16,087 14,868 1,063,341 1,068,983 Allowance for credit losses (16,246 ) (16,596 ) Net deferred origination fees and costs 201 78 Loans, net $ 1,047,296 $ 1,052,465 At March 31, 2024 and December 31, 2023, all loans were pledged under a blanket collateral lien to secure actual and potential borrowings from the Federal Home Loan Bank (“FHLB”). Allowance for Credit Losses (ACL) The following tables summarize the activity in the allowance for credit losses on loans which is recorded as a contra asset, and the reserve for unfunded commitments which is recorded on the balance sheet within other liabilities as of March 31, 2024 and March 31, 2023. Allowance for Credit Losses - Three months ended March 31, 2024 ($ in thousands) Beginning balance Charge-offs Recoveries Provision (Recovery) Ending Balance Commercial $ 2,041 $ (130 ) $ 41 $ (405 ) $ 1,547 Commercial Real Estate 10,864 — — (368 ) 10,496 Agriculture 997 — — 644 1,641 Residential Mortgage 2,005 — — (104 ) 1,901 Residential Construction 334 — — 27 361 Consumer 355 (13 ) 2 (44 ) 300 Allowance for credit losses on loans 16,596 (143 ) 43 (250 ) 16,246 Reserve for unfunded commitments 1,150 — — (50 ) 1,100 Total $ 17,746 $ (143 ) $ 43 $ (300 ) $ 17,346 Allowance for Credit Losses – Three months ended March 31, 2023 ($ in thousands) Beginning balance Adoption of CECL Charge-offs Recoveries Provision (Recovery) Ending Balance Commercial $ 1,491 $ 689 $ (127 ) $ 23 $ (173 ) $ 1,903 Commercial Real Estate 10,259 (513 ) — — 211 9,957 Agriculture 1,789 (742 ) — — (98 ) 949 Residential Mortgage 896 923 (3 ) — 9 1,825 Residential Construction 181 221 — — 51 453 Consumer 176 222 (1 ) — — 397 Allowance for credit losses on loans 14,792 800 (131 ) 23 — 15,484 Reserve for unfunded commitments 700 500 — — — 1,200 Total $ 15,492 $ 1,300 $ (131 ) $ 23 $ — $ 16,684 The Company moved from California state loss drivers to national loss drivers at the beginning of 2024. The reason for the change is a higher loan loss correlation between the national loss driver variables than the state loss driver variables. During the quarter ended March 31, 2024, the levels of forecasted national unemployment and forecasted gross domestic product remained relatively stable. Those factors, coupled with a decrease in loans, were the reasons for the reversal of provision for credit losses for the q Collateral-Dependent Loans In accordance with ASC 326, a loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. All loans individually analyzed were collateral-dependent loans as of March 31, 2024 and December 31, 2023. The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses as of March 31, 2024 and December 31, 2023: March 31, 2024 ($ in thousands) Secured by 1-4 Family Residential Properties- 1st lien Secured by 1-4 Family Residential Properties- junior lien Secured by 1-4 Family Residential Properties- revolving Commercial Construction and land development Secured by farmland Agriculture production loans Total Commercial $ — $ — $ — $ 139 $ — $ — $ — $ 139 Commercial Real Estate — — — — — — — — Agriculture — — — — — 899 1,829 2,728 Residential Mortgage 1,315 — — — — — — 1,315 Residential Construction — — — — 4,000 — — 4,000 Consumer — 335 267 — — — — 602 Total $ 1,315 $ 335 $ 267 $ 139 $ 4,000 $ 899 $ 1,829 $ 8,784 December 31, 2023 ($ in thousands) Secured by 1-4 Family Residential Properties- 1st lien Secured by 1-4 Family Residential Properties- junior lien Secured by 1-4 Family Residential Properties- revolving Commercial Construction and land development Secured by farmland Agriculture production loans Total Commercial $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate — — — — — — — — Agriculture — — — — — 946 1,925 2,871 Residential Mortgage 424 — — — — — — 424 Residential Construction — — — — — — — — Consumer — 351 352 — — — — 703 Total $ 424 $ 351 $ 352 $ — $ — $ 946 $ 1,925 $ 3,998 Foreclosure Proceedings The Company had no residential real estate property in the process of foreclosure at March 31, 2024 and December 31, 2023. Non-accrual and Past Due Loans The Company’s loans by delinquency and non-accrual status, as of March 31, 2024 and December 31, 2023, was as follows: ($ in thousands) 30-59 days Past Due & Accruing 60-89 days Past Due & Accruing 90 days or More Past Due & Accruing Nonaccrual Loans Total Past Due & Nonaccrual Loans Current & Accruing Loans Total Loans Nonaccrual loans with No ACL March 31 2024 Commercial $ 1,032 $ 50 $ — $ 139 $ 1,221 $ 107,565 $ 108,786 $ 139 Commercial Real Estate — — — — — 726,069 726,069 — Agriculture 922 — — 2,728 3,650 88,215 91,865 2,728 Residential Mortgage 386 — — 1,315 1,701 106,852 108,553 1,315 Residential Construction — — — 4,000 4,000 7,981 11,981 4,000 Consumer — — — 602 602 15,485 16,087 602 Total $ 2,340 $ 50 $ — $ 8,784 $ 11,174 $ 1,052,167 $ 1,063,341 $ 8,784 December 31, 2023 Commercial $ 91 $ 178 $ — $ — $ 269 $ 106,628 $ 106,897 $ — Commercial Real Estate — — — — — 721,729 721,729 — Agriculture — — — 2,871 2,871 102,967 105,838 2,871 Residential Mortgage 976 — 916 424 2,316 105,012 107,328 424 Residential Construction — — 3,420 — 3,420 8,903 12,323 — Consumer 194 — — 703 897 13,971 14,868 703 Total $ 1,261 $ 178 $ 4,336 $ 3,998 $ 9,773 $ 1,059,210 $ 1,068,983 $ 3,998 The Company recognized $5,000 and $0 of interest income on nonaccrual loans during the three months ended March 31, 2024 and March 31, 2023, respectively. Loan Modifications Occasionally, the Company modifies loans to borrowers in financial distress by providing principal forgiveness, term extension, payment delays or interest rate reduction. When principal forgiveness is provided, the amount of forgiveness is charged-off against the ACL. In some cases, the Company provides multiple types of concessions on one loan. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For the loans included in the “combination” columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, an other-than-insignificant payment delay and/or an interest rate reduction. The following tables present the amortized cost basis of loans that were both experiencing financial difficulty and modified during the periods ended March 31, 2024 and March 31, 2023 by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below. ($ in thousands) Term Extension Combination Term Extension and Interest Rate Reduction Total Class of Financing Receivable March 31, 2024 Commercial $ 2,718 $ — 2.50 % Commercial Real Estate — — — Agriculture — — — Residential Mortgage — — — Residential Construction — — — Consumer — — — Total $ 2,718 $ — 0.26 % ($ in thousands) Term Extension Combination Term Extension and Interest Rate Reduction Total Class of Financing Receivable March 31, 2023 Commercial $ 250 $ 50 0.29 % Commercial Real Estate — — — Agriculture — — — Residential Mortgage — — — Residential Construction — — — Consumer — — — Total $ 250 $ 50 0.03 % The Company had commitments totaling $835 and $0 to lend additional funds to borrowers whose loans were modified at March 31, 2024 and March 31, 2023, respectively. The following tables present the financial effect of the loan modifications to borrowers experiencing financial difficulty for the three-month periods ended March 31, 2024 and March 31, 2023: ($ in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Term Extension (in months) March 31, 2024 Commercial — $ 8 Commercial Real Estate — — Agriculture — — Residential Mortgage — — Residential Construction — — Consumer — — Total — $ 8 ($ in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Term Extension (in months) March 31, 2023 Commercial 0.50 % $ 9 Commercial Real Estate — — Agriculture — — Residential Mortgage — — Residential Construction — — Consumer — — Total 0.50 % $ 9 There were no loans modified within the previous twelve months and for which there was a payment default during the three-month periods ended March 31, 2024 and March 31, 2023. Upon the Company’s determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the ACL is adjusted by the same amount. Credit Quality Indicators All loans are rated using the credit risk ratings and criteria adopted by the Company. Risk ratings are adjusted as future circumstances warrant. All credits risk rated 1, 2, 3 or 4 equate to a Pass as indicated by Federal and State bank regulatory agencies; a 5 equates to a Special Mention; a 6 equates to Substandard; a 7 equates to Doubtful; and an 8 equates to a Loss. For the definitions of each risk rating, see Note 4 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2023. The following tables present the loan portfolio by loan class, origination year, and internal risk rating as of March 31, 2024 and December 31, 2023. Generally, existing term loans that were re-underwritten are reflected in the table in the year of renewal. Lines of credit that have a conversion feature at the time of origination, such as construction to permanent loans, are presented by year of origination. Revolving loans converted to term loans totaled $630,000 and $881,000 as of March 31, 2024 and December 31, 2023, respectively. (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Commercial Pass $ 13,255 $ 17,078 $ 15,223 $ 14,713 $ 4,972 $ 12,759 $ 21,639 $ 99,639 Special Mention — — 2,348 2,771 212 289 1,790 7,410 Substandard 927 — — — 521 — 289 1,737 Doubtful/Loss — — — — — — — — Total Commercial loans $ 14,182 $ 17,078 $ 17,571 $ 17,484 $ 5,705 $ 13,048 $ 23,718 $ 108,786 Current Period Write-offs — (40 ) (75 ) — (13 ) (2 ) — (130 ) Current Period Recoveries — — — — — 41 — 41 Current Period Net Write-offs — (40 ) (75 ) — (13 ) 39 — (89 ) Commercial Real Estate Pass $ 24,352 $ 107,222 $ 174,355 $ 189,466 $ 44,174 $ 159,555 $ 6,785 $ 705,909 Special Mention — — — 2,175 — 1,254 — 3,429 Substandard — 392 — 7,119 1,673 7,547 — 16,731 Doubtful/Loss — — — — — — — — Total Commercial Real Estate loans $ 24,352 $ 107,614 $ 174,355 $ 198,760 $ 45,847 $ 168,356 $ 6,785 $ 726,069 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Agriculture Pass $ 2,484 $ 7,051 $ 16,881 $ 20,433 $ 6,707 15,645 $ 14,940 $ 84,141 Special Mention — — 1,891 2,996 — — — 4,887 Substandard — — — 899 — — 1,938 2,837 Doubtful/Loss — — — — — — — — Total Agriculture loans $ 2,484 $ 7,051 $ 18,772 $ 24,328 $ 6,707 $ 15,645 $ 16,878 $ 91,865 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — (in thousands) Term Loans Amortized Cost Basis by Origination Year – As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Residential Mortgage Pass $ 1,312 $ 20,536 $ 23,824 $ 27,975 $ 13,966 $ 19,625 $ — $ 107,238 Special Mention — — — — — — — — Substandard — — — 37 — 1,278 — 1,315 Doubtful/Loss — — — — — — — — Total Residential Mortgage loans $ 1,312 $ 20,536 $ 23,824 $ 28,012 $ 13,966 $ 20,903 $ — $ 108,553 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Residential Construction Pass $ 575 $ 3,998 $ 2,073 $ 1,335 $ — $ — $ — $ 7,981 Special Mention — — — — — — — — Substandard 4,000 — — — — — — 4,000 Doubtful/Loss — — — — — — — — Total Residential Construction loans $ 4,575 $ 3,998 $ 2,073 $ 1,335 $ — $ — $ — $ 11,981 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Consumer Pass $ 207 $ 186 $ 1,173 $ 131 $ 131 $ 310 $ 13,347 $ 15,485 Special Mention — — — — — — — — Substandard — — — — — — 602 602 Doubtful/Loss — — — — — — — — Total Consumer loans $ 207 $ 186 $ 1,173 $ 131 $ 131 $ 310 $ 13,949 $ 16,087 Current Period Write-offs (13 ) — — — — — — (13 ) Current Period Recoveries — — — — — 2 — 2 Current Period Net Write-offs (13 ) — — — — 2 — (11 ) Total Loans Pass $ 42,185 $ 156,071 $ 233,529 $ 254,053 $ 69,950 $ 207,894 $ 56,711 $ 1,020,393 Special Mention — — 4,239 7,942 212 1,543 1,790 15,726 Substandard 4,927 392 — 8,055 2,194 8,825 2,829 27,222 Doubtful/Loss — — — — — — — — Total Loans $ 47,112 $ 156,463 $ 237,768 $ 270,050 $ 72,356 $ 218,262 $ 61,330 $ 1,063,341 Current Period Write-offs $ (13 ) $ (40 ) $ (75 ) $ — $ (13 ) $ (2 ) $ — $ (143 ) Current Period Recoveries $ — $ — $ — $ — $ — $ 43 $ — $ 43 Current Period Net Write-offs $ (13 ) $ (40 ) $ (75 ) $ — $ (13 ) $ 41 $ — $ (100 ) (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial Pass $ 19,776 $ 16,961 $ 15,833 $ 5,381 $ 7,420 $ 6,298 $ 26,183 $ 97,852 Special Mention — 1,122 2,530 235 308 — 2,936 7,131 Substandard — 32 1,152 542 — — 188 1,914 Doubtful/Loss — — — — — — — — Total Commercial loans $ 19,776 $ 18,115 $ 19,515 $ 6,158 $ 7,728 $ 6,298 $ 29,307 $ 106,897 Current Period Write-offs (47 ) (196 ) (36 ) — (87 ) — — (366 ) Current Period Recoveries — — — — 87 148 — 235 Current Period Net Write-offs (47 ) (196 ) (36 ) — — 148 — (131 ) Commercial Real Estate Pass $ 115,807 $ 173,918 $ 191,907 $ 50,150 $ 52,157 $ 107,909 $ 6,879 $ 698,727 Special Mention — — 7,448 — 2,869 1,273 — 11,590 Substandard 395 — 1,712 1,684 6,604 1,017 — 11,412 Doubtful/Loss — — — — — — — — Total Commercial Real Estate loans $ 116,202 $ 173,918 $ 201,067 $ 51,834 $ 61,630 $ 110,199 $ 6,879 $ 721,729 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Agriculture Pass $ 6,842 $ 16,985 $ 20,511 $ 8,792 $ 2,509 11,437 $ 29,893 $ 96,969 Special Mention — 1,937 2,996 — — 1,064 — 5,997 Substandard — — 946 — 1,926 — — 2,872 Doubtful/Loss — — — — — — — — Total Agriculture loans $ 6,842 $ 18,922 $ 24,453 $ 8,792 $ 4,435 $ 12,501 $ 29,893 $ 105,838 Current Period Write-offs (1,825 ) — — — — — (742 ) (2,567 ) Current Period Recoveries 1,825 — — — — — 742 2,567 Current Period Net Write-offs — — — — — — — — (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Mortgage Pass $ 20,239 $ 24,906 $ 26,429 $ 14,500 $ 5,481 $ 15,349 $ — $ 106,904 Special Mention — — — — — — — — Substandard — — 39 — — 385 — 424 Doubtful/Loss — — — — — — — — Total Residential Mortgage loans $ 20,239 $ 24,906 $ 26,468 $ 14,500 $ 5,481 $ 15,734 $ — $ 107,328 Current Period Write-offs — — — — — (3 ) — (3 ) Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — (3 ) — (3 ) Residential Construction Pass $ 3,714 $ 1,991 $ 3,198 $ — $ — $ — $ — $ 8,903 Special Mention — — — — — — — — Substandard — 3,420 — — — — — 3,420 Doubtful/Loss — — — — — — — — Total Residential Construction loans $ 3,714 $ 5,411 $ 3,198 $ — $ — $ — $ — $ 12,323 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Consumer Pass $ 350 $ 758 $ 133 $ 149 $ 70 $ 273 $ 12,516 $ 14,249 Special Mention — — — — — — — — Substandard — — — — — — 619 619 Doubtful/Loss — — — — — — — — Total Consumer loans $ 350 $ 758 $ 133 $ 149 $ 70 $ 273 $ 13,135 $ 14,868 Current Period Write-offs (13 ) — — — — — — (13 ) Current Period Recoveries — — — — — 1 — 1 Current Period Net Write-offs (13 ) — — — — 1 — (12 ) Total Loans Pass $ 166,728 $ 235,519 $ 258,011 $ 78,972 $ 67,637 $ 141,266 $ 75,471 $ 1,023,604 Special Mention — 3,059 12,974 235 3,177 2,337 2,936 24,718 Substandard 395 3,452 3,849 2,226 8,530 1,402 807 20,661 Doubtful/Loss — — — — — — — — Total Loans $ 167,123 $ 242,030 $ 274,834 $ 81,433 $ 79,344 $ 145,005 $ 79,214 $ 1,068,983 Current Period Write-offs $ (1,885 ) $ (196 ) $ (36 ) $ — $ (87 ) $ (3 ) $ (742 ) $ (2,949 ) Current Period Recoveries $ 1,825 $ — $ — $ — $ 87 $ 149 $ 742 $ 2,803 Current Period Net Write-offs $ (60 ) $ (196 ) $ (36 ) $ — $ — $ 146 $ — $ (146 )

MORTGAGE OPERATIONS

MORTGAGE OPERATIONS	3 Months Ended
	Mar. 31, 2024
MORTGAGE OPERATIONS [Abstract]
MORTGAGE OPERATIONS	5. MORTGAGE OPERATIONS Transfers and servicing of financial assets and extinguishments of liabilities are accounted for and reported based on consistent application of a financial-components approach that focuses on control. Transfers of financial assets that are sales are distinguished from transfers that are secured borrowings. Retained servicing rights on loans sold are measured by allocating the previous carrying amount of the transferred assets between the loans sold and retained interest, if any, based on their relative fair value at the date of transfer. Fair values are estimated using discounted cash flows based on a current market interest rate. The Company recognizes a gain or loss and a related asset for the fair value of the rights to service loans for others when loans are sold and servicing is retained. The Company sold a substantial portion of its portfolio of conforming long-term residential mortgage loans originated during the three months ended March 31, 2024 on a servicing retained basis, for cash proceeds equal to the fair value of the loans. At March 31, 2024, and December 31, 2023, the Company serviced real estate mortgage loans for others totaling $181,353,000 and $184,288,000, respectively. The recorded value of mortgage servicing rights is amortized in proportion to, and over the period of, estimated net servicing revenues. The Company assesses capitalized mortgage servicing rights for impairment based upon the fair value of those rights at each reporting date. For purposes of measuring impairment, the rights are stratified based upon the product type, term and interest rates. Fair value is determined by discounting estimated net future cash flows from mortgage servicing activities using discount rates that approximate current market rates and estimated prepayment rates, among other assumptions. The amount of impairment recognized, if any, is the amount by which the capitalized mortgage servicing rights for a stratum exceeds their fair value. Impairment, if any, is recognized through a valuation allowance for each individual stratum. Changes in the carrying amount of mortgage servicing rights are reported in earnings under other operating income on the condensed consolidated statements of income. Key assumptions used in measuring the fair value of mortgage servicing rights as of March 31, 2024 and December 31, 2023 were as follows: March 31, 2024 December 31, 2023 Constant prepayment rate 7.23 % 6.09 % Discount rate 10.00 % 10.50 % Weighted average life (years) 7.39 7.99 The following table summarizes the Company’s mortgage servicing rights assets as of March 31, 2024 and December 31, (in thousands) December 31, 2023 Additions Reductions March 31, 2024 Mortgage servicing rights $ 1,482 $ 7 $ (55 ) $ 1,434 Valuation allowance — — — — Mortgage servicing rights, net of valuation allowance $ 1,482 $ 7 $ (55 ) $ 1,434 At March 31, 2024 and December 31, 2023, the estimated fair market value of the Company’s mortgage servicing rights asset was $2,010,000 and $2,094,000, respectively. The changes in fair value of mortgage servicing rights during 2024 was primarily due to changes in prepayment speeds and the discount rate The Company received contractually specified servicing fees of $115,000 and $121,000 for the three months ended March 31, 2024 and March 31, 2023, respectively. Loan servicing income on the condensed consolidated statements of income include contractually specified servicing fees, mortgage servicing rights additions, amortization and changes in the valuation allowance.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2024
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	6. FAIR VALUE MEASUREMENTS The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available-for-sale and trading securities are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a non-recurring basis, such as loans held-for-sale, loans held-for-investment and certain other assets. These non-recurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Transfers between levels of the fair value hierarchy are recognized on the actual date of the event or circumstances that caused the transfer, which generally corresponds with the Company’s quarterly valuation process. Assets Recorded at Fair Value on a Recurring Basis The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. (in thousands) March 31 2024 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) U.S. Treasury securities $ 81,886 $ 81,886 $ — $ — Securities of U.S. government agencies and corporations 109,711 — 109,711 — Obligations of states and political subdivisions 51,888 — 51,888 — Collateralized mortgage obligations 87,453 — 87,453 — Mortgage-backed securities 227,503 — 227,503 — Total investments at fair value $ 558,441 $ 81,886 $ 476,555 $ — (in thousands) December 31, 2023 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) U.S. Treasury securities $ 87,182 $ 87,182 $ — $ — Securities of U.S. government agencies and corporations 115,079 — 115,079 — Obligations of states and political subdivisions 51,677 — 51,677 — Collateralized mortgage obligations 90,947 — 90,947 — Mortgage-backed securities 227,472 — 227,472 — Total investments at fair value $ 572,357 $ 87,182 $ 485,175 $ — Assets Recorded at Fair Value on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of March 31, 2024 March 31 2024 Total Level 1 Level 2 Level 3 Individually evaluated loans $ 139 $ — $ — $ 139 Total assets at fair value $ 139 $ — $ — $ 139 There were no assets measured at fair value on a non-recurring basis as of December 31, 2023. There were no liabilities measured at fair value on a recurring or non-recurring basis as of March 31, 2024 and December 31, 2023. Key methods and assumptions used in measuring the fair value of collateral dependent loans as of March 31, 2024 were as follows: Method Assumption Inputs Individually evaluated loans Collateral, market, income, enterprise, liquidation, and discounted cash flows External appraised values, management assumptions regarding market trends or other relevant factors, selling costs generally ranging from 6% to 10%, or the amount and timing of cash flows based on the loan’s effective interest rate. The following section describes the valuation methodologies used for assets and liabilities recorded at fair value. Investment Securities Available-for-Sale Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, if available. If quoted market prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions, and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets where valuations include significant unobservable assumptions. Individually Evaluated Loans The Company does not record loans at fair value on a recurring basis. Loans that do not share similar risk characteristics are individually evaluated by management for potential impairment. Included in loans individually evaluated are collateral dependent loans. A loan is considered to be collateral dependent when repayment is expected to be provided substantially through the operation or sale of the collateral. Collateral dependent loans are considered to have unique risk characteristics and are individually evaluated. The ACL on collateral dependent loans is measured using the fair value of the underlying collateral, adjusted for costs to sell when applicable, less the amortized cost basis of the financial asset. If the value of underlying collateral is determined to be less than the recorded amount of the loan, a charge-off will be taken. Collateral dependent loans where a charge-off is recorded based on the fair value of collateral require classification in the fair value hierarchy. When a loan is evaluated based on the fair value of the underlying collateral securing the loan, the Company records the collateral dependent loan as non-recurring Level 3 given the valuation includes significant unobservable assumption Disclosures about Fair Value of Financial Instruments The estimated fair values of the Company’s financial instruments for the periods ended March 31, 2024 and December 31, 2023 were approximately as follows: March 31, 2024 December 31, 2023 Level Carrying amount Fair value Carrying amount Fair value Financial assets: Cash and cash equivalents 1 $ 186,909 $ 186,909 $ 149,211 $ 149,211 Certificates of deposit 2 18,185 18,032 19,710 19,570 Stock in Federal Home Loan Bank and other equity securities 3 10,518 10,518 10,518 10,518 Loans receivable: Net loans 3 1,047,296 956,356 1,052,465 958,077 Interest receivable 2 6,667 6,667 6,810 6,810 Mortgage servicing rights 3 1,434 2,010 1,482 2,094 Financial liabilities: Time deposits 3 156,115 155,594 135,696 135,540 Interest payable 2 1,770 1,770 1,567 1,567 Limitations Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument and expected exit prices. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Other significant assets and liabilities that are not considered financial assets or liabilities include deferred tax liabilities and premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in many of the estimates.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	3 Months Ended
	Mar. 31, 2024
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	7. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit in the form of loans or through standby letters of credit in addition to entering into commitments to sell loans in conjunction with our mortgage banking activities The Bank’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Financial instruments, whose contract amounts represent credit risk at the indicated periods, were as follows: (in thousands) March 31, 2024 December 31, 2023 Undisbursed loan commitments $ 179,893 $ 187,401 Standby letters of credit 1,241 1,251 Commitments to sell loans 765 — $ 181,899 $ 188,652 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank issues both financial and performance standby letters of credit. The financial standby letters of credit are primarily to guarantee payment to third parties. At March 31, 2024 and December 31, 2023, there were no financial standby letters of credit outstanding. The performance standby letters of credit are typically issued to municipalities as specific performance bonds. Performance standby letters of credit totaled $1,241,000 and $1,251,000 at March 31, 2024 and December 31, 2023, respectively. The Bank has experienced no draws on outstanding letters of credit, resulting in no related liability included on its balance sheet; however, should a triggering event occur, the Bank either has collateral in excess of the letter of credit or imbedded agreements of recourse from the customer. The Bank has set aside a reserve for unfunded commitments in the amount of $1,100,000 and $1,150,000 at March 31, 2024 and December 31, 2023, respectively, which is recorded in “interest payable and other liabilities” on the condensed consolidated balance sheets. Commitments to extend credit and standby letters of credit bear similar credit risk characteristics as outstanding loans. As of March 31, 2024 and December 31, 2023, the Company had no off-balance sheet derivatives requiring additional disclosure. The Company may enter into interest rate lock commitments in connection with its mortgage banking activities to fund residential mortgage loans within specified times in the future.These commitments expose the Company to the risk that the price of the loan underlying the interest rate lock commitment might decline from the inception of the interest rate lock to the funding of the mortgage loan. To protect against this risk, the Company may enter into commitments to sell loans to economically hedge the risk of potential changes in the value of the loans that would result from the commitment. These commitments totaled $765,000 and $0 at March 31, 2024 and December 31, 2023, respectively. Mortgage loans sold to investors may be sold with servicing rights retained, for which the Company makes only standard legal representations and warranties as to meeting certain underwriting and collateral documentation standards. In the past two years, the Company had to repurchase one loan totaling $420,000 due to deficiencies in underwriting or loan documentation. Management believes that any liabilities that may result from suc

STOCK PLANS

STOCK PLANS	3 Months Ended
	Mar. 31, 2024
STOCK PLANS [Abstract]
STOCK PLANS	8. STOCK PLANS On January 25, 2024, the Board of Directors of the Company declared a 5% stock dividend paid on March 25, 2024 to shareholders of record as of February 29, 2024. All stock options and restricted stock outstanding have been adjusted to give retroactive effect to stock dividends. The following table presents the activity related to stock options for the three months ended March 31, 2024: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (in years) Options outstanding at Beginning of Period 642,779 $ 8.40 Granted — — Expired — — Cancelled / Forfeited — — Exercised (20,028 ) 4.64 Options outstanding at End of Period 622,751 8.52 $ 435,548 4.59 Exercisable (vested) at End of Period 599,067 $ 8.49 $ 435,548 4.46 The intrinsic value of options exercised was $73,000 and $97,000 during the three months ended March 31, 2024 and March 31, 2023, respectively. The fair value of awards vested was $88,000 and $123,000 during the three months ended March 31, 2024 and March 31, 2023, respectively. As of March 31, 2024, there was $50,000 of total unrecognized compensation cost related to non-vested stock options. This cost is expected to be recognized over a weighted average period of approximately 1.64 years. There was $17,000 of recognized compensation cost related to stock options granted for the three months ended March 31, 2024. The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2024: Number of Shares Weighted Average Grant-Date Fair Value Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (in years) Non-vested Restricted stock outstanding at Beginning of Period 274,268 $ 8.72 Granted 79,576 8.29 Cancelled/Forfeited (19,212 ) 8.77 Exercised/Released/Vested (45,074 ) 9.21 Non-vested restricted stock outstanding at End of Period 289,558 $ 8.52 $ 2,617,604 2.88 The weighted average fair value of restricted stock granted during the three months ended March 31, 2024 was $8.29 per share. As of March 31, 2024, there was $1,383,000 of total unrecognized compensation cost related to non-vested restricted stock. This cost is expected to be recognized over a weighted average period of approximately 2.88 years. There was $274,000 of recognized compensation cost related to restricted stock awards for the three months ended March 31, 2024. The Company has an Employee Stock Purchase Plan (“ESPP”). There are 376,856 shares authorized under the ESPP. The total number of shares authorized has been adjusted to give retroactive effect to stock dividends and stock splits, including the 5% stock dividend declared on January 25, 2024, payable March 25, 2024 to shareholders of record as of February 29, 2024. The ESPP will expire on March 16, 2026. The ESPP is implemented by participation periods of not more than twenty-seven months each. The Board of Directors determines the commencement date and duration of each participation period. The Board of Directors approved the current participation period of November 24, 2023 to November 23, 2024. An eligible employee is one who has been continually employed for at least 90 days prior to commencement of a participation period. Under the terms of the ESPP, employees can choose to have up to 10 percent of their compensation withheld to purchase the Company’s common stock each participation period. The purchase price of the stock is 85 percent of the lower of the fair value on the last trading day before the date of participation or the fair value on the last trading day during the participation period. As of March 31, 2024, there was $26,000 of unrecognized compensation cost related to ESPP issuances. This cost is expected to be recognized over a weighted average period of approximately 0.75 years. There was $5,000 of recognized compensation cost related to ESPP issuances for the three months ended March 31, 2024. The weighted average fair value at issuance date during the three months ended March 31, 2024 was $2.14. A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2024 is presented below: Three Months Ended March 31, 2024 Risk Free Interest Rate 5.27 % Expected Dividend Yield 0.00 % Expected Life in Years 1.00 Expected Price Volatility 25.96 %

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table details activity in accumulated other comprehensive income (loss) for the three months ended March 31, 2024: ($ in thousands) Unrealized gains (losses) on securities Officers’ retirement plan Directors’ retirement plan Accumulated other comprehensive income (loss) Balance as of December 31, 2023 $ (33,778 ) $ (70 ) $ 121 $ (33,727 ) Current period other comprehensive loss (1,461 ) — — (1,461 ) Balance as of March 31 2024 $ (35,239 ) $ (70 ) $ 121 $ (35,188 ) The following table details activity in accumulated other comprehensive loss for the three months ended March 31, 2023: ($ in thousands) Unrealized gains (losses) on securities Officers’ retirement plan Directors’ retirement plan Accumulated other comprehensive income (loss) Balance as of December 31, 2022 $ (46,273 ) $ (308 ) $ 53 $ (46,528 ) Current period other comprehensive income 6,013 — — 6,013 Balance as of March 31 2023 $ (40,260 ) $ (308 ) $ 53 $ (40,515 )

OUTSTANDING SHARES AND EARNINGS

OUTSTANDING SHARES AND EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
OUTSTANDING SHARES AND EARNINGS PER SHARE [Abstract]
OUTSTANDING SHARES AND EARNINGS PER SHARE	10. OUTSTANDING SHARES AND EARNINGS PER SHARE On January 25, 2024, the Board of Directors of the Company declared a 5% stock dividend payable on March 25, 2024 to shareholders of record as of February 29, 2024. All income per share amounts have been adjusted to give retroactive effect to stock dividends. Earnings Per Share (EPS) Basic EPS includes no dilution and is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the respective period. Diluted EPS is computed by dividing net income available to common shareholders by the weighted average number of shares outstanding plus dilutive shares for the quarter. Diluted shares include all common stock equivalents (“in-the-money” stock options, unvested restricted stock, stock units, warrants and rights, convertible bonds and preferred stock), which reflects the potential dilution of securities that could share in the earnings of the Company. The following table presents a reconciliation of basic and diluted EPS for the three months ended March 31, 2024 and 2023 (dollars in thousands except per share amounts): Three months ended March 31, 2024 2023 Basic earnings per share: Net income $ 4,276 $ 5,489 Weighted average common shares outstanding 15,232,761 15,149,823 Basic EPS $ 0.28 $ 0.36 Diluted earnings per share: Net income $ 4,276 $ 5,489 Weighted average common shares outstanding 15,232,761 15,149,823 Effect of dilutive shares 160,025 141,923 Adjusted weighted average common shares outstanding 15,392,786 15,291,746 Diluted EPS $ 0.28 $ 0.36 Stock options which were not included in the computation of diluted earnings per share because they would have had an anti-dilutive effect amounted to 538,671 shares and 538,711 shares for the three months ended March 31, 2024 and March 31, 2023, respectively. Restricted stock which were not included in the computation of diluted earnings per share because they would have had an anti-dilutive effect amounted to 7,803 shares and 32,743 shares for the three months ended March 31, 2024 and March 31, 2023, respectively.

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
LEASES [Abstract]
LEASES	11. LEASES The Company leases eleven branch and administrative locations under operating leases expiring on various dates through 2031. Leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. For lease agreements entered into or reassessed after the adoption of ASU 2016-02, Leases (Topic 842 Most leases include options to renew, with renewal terms that can extend the lease term from 3 to 10 years. The exercise of lease renewal options is at the Company’s sole discretion. Most leases are currently in the extension period. For the remaining leases with options to renew, the Company has not included the extended lease terms in the calculation of lease liabilities as the options are not reasonably certain of being exercised. Certain lease agreements include rental payments that are adjusted periodically for inflation. The Company’s lease agreements do not contain any residual value guarantees or restrictive covenants. The Company uses its FHLB advance fixed rates, which are its incremental borrowing rates for secured borrowings, as the discount rates to calculate lease liabilities. The Company had right-of-use assets totaling $3,800,000 and $4,073,000 as of March 31, 2024 and December 31, 2023, respectively. Right-of-use assets are included in Interest receivable and other assets on the condensed consolidated balance sheets. The Company had lease liabilities totaling $4,313,000 and $4,585,000 as of March 31, 2024 and December 31, 2023, respectively. Lease liabilities are included in interest payable and other liabilities on the condensed consolidated balance sheets. The Company recognized lease expenses totaling $301,000 and $308,000 for the three months ended March 31, 2024 and March 31, 2023, respectively. Lease expense is included in Occupancy and equipment expense on the condensed consolidated statements of income. The table below summarizes the maturity of remaining lease liabilities: (in thousands) March 31, 2024 2024 (remaining 9 months) $ 741 2025 1,051 2026 672 2027 611 2028 625 2029 895 Total lease payments 4,595 Less: interest (282 ) Present value of lease liabilities $ 4,313 The following table presents supplemental cash flow information related to leases for the three months ended March 31, 2024 and March 31, 2023: (in thousands) Three Months Ended March 31, 2024 Three Months Ended March 31 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 299 $ 313 Right-of-use assets obtained in exchange for new operating lease liabilities $ — $ 245 The following table presents the weighted average operating lease term and discount rate as of March 31, 2024 and December 31, 2023: (in thousands) March 31, 2024 December 31, 2023 Weighted-average remaining lease term – operating leases, in years 5.32 5.43 Weighted-average discount rate – operating leases 2.41 % 2.42 %

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2024
BASIS OF PRESENTATION [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements of First Northern Community Bancorp (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and Articles 9 and 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of results expected for the full year. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 as filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements as well as reported amounts of revenue and expense during the reporting period. Actual results could differ from those estimates. All material intercompany balances and transactions have been eliminated in consolidation .

ACCOUNTING POLICIES (Policies)

ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]
Accounting Standards Adopted and Recently Issued Accounting Pronouncements	Accounting Standards Adopted in 2024 On January 1, 2024, the Company adopted Accounting Standards Updated (ASU) 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions Recently Issued Accounting Pronouncements In January 2021, the FASB issued ASU 2021-01, Reference Rate Reform (Topic 848): Scope Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
INVESTMENT SECURITIES [Abstract]
Amortized Cost, Unrealized Gains and Losses and Estimated Fair Values of Investments in Debt and Other Securities	The amortized cost, unrealized gains and losses and estimated fair values of investments in debt and other securities at March 31, 2024 are summarized as follows: Amortized cost Unrealized gains Unrealized losses Estimated fair value ACL Investment securities available-for-sale: U.S. Treasury securities $ 84,676 $ 60 $ (2,850 ) $ 81,886 $ — Securities of U.S. government agencies and corporations 115,840 48 (6,177 ) 109,711 — Obligations of states and political subdivisions 55,599 149 (3,860 ) 51,888 — Collateralized mortgage obligations 105,134 — (17,681 ) 87,453 — Mortgage-backed securities 247,223 95 (19,815 ) 227,503 — Total debt securities $ 608,472 $ 352 $ (50,383 ) $ 558,441 $ — The amortized cost, unrealized gains and losses and estimated fair values of investments in debt and other securities at December 31, 2023 are summarized as follows: Amortized cost Unrealized gains Unrealized losses Estimated fair value ACL Investment securities available-for-sale: U.S. Treasury securities $ 90,063 $ 134 $ (3,015 ) $ 87,182 $ — Securities of U.S. government agencies and corporations 121,305 105 (6,331 ) 115,079 — Obligations of states and political subdivisions 55,021 237 (3,581 ) 51,677 — Collateralized mortgage obligations 107,658 15 (16,726 ) 90,947 — Mortgage-backed securities 246,267 242 (19,037 ) 227,472 — Total debt securities $ 620,314 $ 733 $ (48,690 ) $ 572,357 $ —
Amortized Cost and Estimated Fair Value of Debt and Other Securities by Contractual Maturity	The amortized cost and estimated fair value of debt and other securities at March 31, 2024, by contractual maturity, are shown in the following table: (in thousands) Amortized cost Estimated fair value Maturity in years: Due in one year or less $ 71,862 $ 70,762 Due after one year through five years 126,902 119,731 Due after five years through ten years 29,358 27,406 Due after ten years 27,993 25,586 Subtotal 256,115 243,485 MBS & CMO 352,357 314,956 Total $ 608,472 $ 558,441
Analysis of Gross Unrealized Losses of the Available-for-sale Investment Securities Portfolio	An analysis of gross unrealized losses of the available-for-sale investment securities portfolio as of March 31, 2024, follows: Less than 12 months 12 months or more Total (in thousands) Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses U.S. Treasury securities $ 2,401 $ (15 ) $ 68,912 $ (2,835 ) $ 71,313 $ (2,850 ) Securities of U.S. government agencies and corporations 9,804 (43 ) 92,229 (6,134 ) 102,033 (6,177 ) Obligations of states and political subdivisions 11,059 (100 ) 31,341 (3,760 ) 42,400 (3,860 ) Collateralized mortgage obligations 3,651 (21 ) 82,409 (17,660 ) 86,060 (17,681 ) Mortgage-backed securities 24,555 (244 ) 184,678 (19,571 ) 209,233 (19,815 ) Total $ 51,470 $ (423 ) $ 459,569 $ (49,960 ) $ 511,039 $ (50,383 ) An analysis of gross unrealized losses of the available-for-sale investment securities portfolio as of December 31, 2023, follows: Less than 12 months 12 months or more Total (in thousands) Fair Value Unrealized losses Fair Value Unrealized losses Fair Value Unrealized losses U.S. Treasury Securities $ — $ — $ 77,203 $ (3,015 ) $ 77,203 $ (3,015 ) Securities of U.S. government agencies and corporations 3,424 (7 ) 97,057 (6,324 ) 100,481 (6,331 ) Obligations of states and political subdivisions 4,981 (31 ) 32,578 (3,550 ) 37,559 (3,581 ) Collateralized Mortgage obligations 6,597 (26 ) 80,995 (16,700 ) 87,592 (16,726 ) Mortgage-backed securities 17,023 (124 ) 182,626 (18,913 ) 199,649 (19,037 ) Total $ 32,025 $ (188 ) $ 470,459 $ (48,502 ) $ 502,484 $ (48,690 )

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES [Abstract]
Loan Portfolio, by Loan Class	The composition of the Company’s loan portfolio, by loan class, as of March 31, 2024 and December 31, 2023 was as follows: ($ in thousands) March 31, 2024 December 31, 2023 Commercial $ 108,786 $ 106,897 Commercial Real Estate 726,069 721,729 Agriculture 91,865 105,838 Residential Mortgage 108,553 107,328 Residential Construction 11,981 12,323 Consumer 16,087 14,868 1,063,341 1,068,983 Allowance for credit losses (16,246 ) (16,596 ) Net deferred origination fees and costs 201 78 Loans, net $ 1,047,296 $ 1,052,465
Activity in ACL on Loans by Loan Class	The following tables summarize the activity in the allowance for credit losses on loans which is recorded as a contra asset, and the reserve for unfunded commitments which is recorded on the balance sheet within other liabilities as of March 31, 2024 and March 31, 2023. Allowance for Credit Losses - Three months ended March 31, 2024 ($ in thousands) Beginning balance Charge-offs Recoveries Provision (Recovery) Ending Balance Commercial $ 2,041 $ (130 ) $ 41 $ (405 ) $ 1,547 Commercial Real Estate 10,864 — — (368 ) 10,496 Agriculture 997 — — 644 1,641 Residential Mortgage 2,005 — — (104 ) 1,901 Residential Construction 334 — — 27 361 Consumer 355 (13 ) 2 (44 ) 300 Allowance for credit losses on loans 16,596 (143 ) 43 (250 ) 16,246 Reserve for unfunded commitments 1,150 — — (50 ) 1,100 Total $ 17,746 $ (143 ) $ 43 $ (300 ) $ 17,346 Allowance for Credit Losses – Three months ended March 31, 2023 ($ in thousands) Beginning balance Adoption of CECL Charge-offs Recoveries Provision (Recovery) Ending Balance Commercial $ 1,491 $ 689 $ (127 ) $ 23 $ (173 ) $ 1,903 Commercial Real Estate 10,259 (513 ) — — 211 9,957 Agriculture 1,789 (742 ) — — (98 ) 949 Residential Mortgage 896 923 (3 ) — 9 1,825 Residential Construction 181 221 — — 51 453 Consumer 176 222 (1 ) — — 397 Allowance for credit losses on loans 14,792 800 (131 ) 23 — 15,484 Reserve for unfunded commitments 700 500 — — — 1,200 Total $ 15,492 $ 1,300 $ (131 ) $ 23 $ — $ 16,684
Amortized Cost of Collateral Dependent Loans by Class	The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses as of March 31, 2024 and December 31, 2023: March 31, 2024 ($ in thousands) Secured by 1-4 Family Residential Properties- 1st lien Secured by 1-4 Family Residential Properties- junior lien Secured by 1-4 Family Residential Properties- revolving Commercial Construction and land development Secured by farmland Agriculture production loans Total Commercial $ — $ — $ — $ 139 $ — $ — $ — $ 139 Commercial Real Estate — — — — — — — — Agriculture — — — — — 899 1,829 2,728 Residential Mortgage 1,315 — — — — — — 1,315 Residential Construction — — — — 4,000 — — 4,000 Consumer — 335 267 — — — — 602 Total $ 1,315 $ 335 $ 267 $ 139 $ 4,000 $ 899 $ 1,829 $ 8,784 December 31, 2023 ($ in thousands) Secured by 1-4 Family Residential Properties- 1st lien Secured by 1-4 Family Residential Properties- junior lien Secured by 1-4 Family Residential Properties- revolving Commercial Construction and land development Secured by farmland Agriculture production loans Total Commercial $ — $ — $ — $ — $ — $ — $ — $ — Commercial Real Estate — — — — — — — — Agriculture — — — — — 946 1,925 2,871 Residential Mortgage 424 — — — — — — 424 Residential Construction — — — — — — — — Consumer — 351 352 — — — — 703 Total $ 424 $ 351 $ 352 $ — $ — $ 946 $ 1,925 $ 3,998
Loans by Delinquency and Non-Accrual Status	The Company’s loans by delinquency and non-accrual status, as of March 31, 2024 and December 31, 2023, was as follows: ($ in thousands) 30-59 days Past Due & Accruing 60-89 days Past Due & Accruing 90 days or More Past Due & Accruing Nonaccrual Loans Total Past Due & Nonaccrual Loans Current & Accruing Loans Total Loans Nonaccrual loans with No ACL March 31 2024 Commercial $ 1,032 $ 50 $ — $ 139 $ 1,221 $ 107,565 $ 108,786 $ 139 Commercial Real Estate — — — — — 726,069 726,069 — Agriculture 922 — — 2,728 3,650 88,215 91,865 2,728 Residential Mortgage 386 — — 1,315 1,701 106,852 108,553 1,315 Residential Construction — — — 4,000 4,000 7,981 11,981 4,000 Consumer — — — 602 602 15,485 16,087 602 Total $ 2,340 $ 50 $ — $ 8,784 $ 11,174 $ 1,052,167 $ 1,063,341 $ 8,784 December 31, 2023 Commercial $ 91 $ 178 $ — $ — $ 269 $ 106,628 $ 106,897 $ — Commercial Real Estate — — — — — 721,729 721,729 — Agriculture — — — 2,871 2,871 102,967 105,838 2,871 Residential Mortgage 976 — 916 424 2,316 105,012 107,328 424 Residential Construction — — 3,420 — 3,420 8,903 12,323 — Consumer 194 — — 703 897 13,971 14,868 703 Total $ 1,261 $ 178 $ 4,336 $ 3,998 $ 9,773 $ 1,059,210 $ 1,068,983 $ 3,998
Amortized Cost Basis of Loans Modification to Borrowers Experiencing Financial Difficulty and Financial Effects of Loan Modifications	The following tables present the amortized cost basis of loans that were both experiencing financial difficulty and modified during the periods ended March 31, 2024 and March 31, 2023 by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class of financing receivable is also presented below. ($ in thousands) Term Extension Combination Term Extension and Interest Rate Reduction Total Class of Financing Receivable March 31, 2024 Commercial $ 2,718 $ — 2.50 % Commercial Real Estate — — — Agriculture — — — Residential Mortgage — — — Residential Construction — — — Consumer — — — Total $ 2,718 $ — 0.26 % ($ in thousands) Term Extension Combination Term Extension and Interest Rate Reduction Total Class of Financing Receivable March 31, 2023 Commercial $ 250 $ 50 0.29 % Commercial Real Estate — — — Agriculture — — — Residential Mortgage — — — Residential Construction — — — Consumer — — — Total $ 250 $ 50 0.03 % The following tables present the financial effect of the loan modifications to borrowers experiencing financial difficulty for the three-month periods ended March 31, 2024 and March 31, 2023: ($ in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Term Extension (in months) March 31, 2024 Commercial — $ 8 Commercial Real Estate — — Agriculture — — Residential Mortgage — — Residential Construction — — Consumer — — Total — $ 8 ($ in thousands) Weighted-Average Interest Rate Reduction Weighted-Average Term Extension (in months) March 31, 2023 Commercial 0.50 % $ 9 Commercial Real Estate — — Agriculture — — Residential Mortgage — — Residential Construction — — Consumer — — Total 0.50 % $ 9
Risk Ratings by Loan Class	The following tables present the loan portfolio by loan class, origination year, and internal risk rating as of March 31, 2024 and December 31, 2023. Generally, existing term loans that were re-underwritten are reflected in the table in the year of renewal. Lines of credit that have a conversion feature at the time of origination, such as construction to permanent loans, are presented by year of origination. Revolving loans converted to term loans totaled $630,000 and $881,000 as of March 31, 2024 and December 31, 2023, respectively. (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Commercial Pass $ 13,255 $ 17,078 $ 15,223 $ 14,713 $ 4,972 $ 12,759 $ 21,639 $ 99,639 Special Mention — — 2,348 2,771 212 289 1,790 7,410 Substandard 927 — — — 521 — 289 1,737 Doubtful/Loss — — — — — — — — Total Commercial loans $ 14,182 $ 17,078 $ 17,571 $ 17,484 $ 5,705 $ 13,048 $ 23,718 $ 108,786 Current Period Write-offs — (40 ) (75 ) — (13 ) (2 ) — (130 ) Current Period Recoveries — — — — — 41 — 41 Current Period Net Write-offs — (40 ) (75 ) — (13 ) 39 — (89 ) Commercial Real Estate Pass $ 24,352 $ 107,222 $ 174,355 $ 189,466 $ 44,174 $ 159,555 $ 6,785 $ 705,909 Special Mention — — — 2,175 — 1,254 — 3,429 Substandard — 392 — 7,119 1,673 7,547 — 16,731 Doubtful/Loss — — — — — — — — Total Commercial Real Estate loans $ 24,352 $ 107,614 $ 174,355 $ 198,760 $ 45,847 $ 168,356 $ 6,785 $ 726,069 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Agriculture Pass $ 2,484 $ 7,051 $ 16,881 $ 20,433 $ 6,707 15,645 $ 14,940 $ 84,141 Special Mention — — 1,891 2,996 — — — 4,887 Substandard — — — 899 — — 1,938 2,837 Doubtful/Loss — — — — — — — — Total Agriculture loans $ 2,484 $ 7,051 $ 18,772 $ 24,328 $ 6,707 $ 15,645 $ 16,878 $ 91,865 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — (in thousands) Term Loans Amortized Cost Basis by Origination Year – As of March 31, 2024 2024 2023 2022 2021 2020 Prior Revolving Loans Amortized Cost Basis Total Residential Mortgage Pass $ 1,312 $ 20,536 $ 23,824 $ 27,975 $ 13,966 $ 19,625 $ — $ 107,238 Special Mention — — — — — — — — Substandard — — — 37 — 1,278 — 1,315 Doubtful/Loss — — — — — — — — Total Residential Mortgage loans $ 1,312 $ 20,536 $ 23,824 $ 28,012 $ 13,966 $ 20,903 $ — $ 108,553 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Residential Construction Pass $ 575 $ 3,998 $ 2,073 $ 1,335 $ — $ — $ — $ 7,981 Special Mention — — — — — — — — Substandard 4,000 — — — — — — 4,000 Doubtful/Loss — — — — — — — — Total Residential Construction loans $ 4,575 $ 3,998 $ 2,073 $ 1,335 $ — $ — $ — $ 11,981 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Consumer Pass $ 207 $ 186 $ 1,173 $ 131 $ 131 $ 310 $ 13,347 $ 15,485 Special Mention — — — — — — — — Substandard — — — — — — 602 602 Doubtful/Loss — — — — — — — — Total Consumer loans $ 207 $ 186 $ 1,173 $ 131 $ 131 $ 310 $ 13,949 $ 16,087 Current Period Write-offs (13 ) — — — — — — (13 ) Current Period Recoveries — — — — — 2 — 2 Current Period Net Write-offs (13 ) — — — — 2 — (11 ) Total Loans Pass $ 42,185 $ 156,071 $ 233,529 $ 254,053 $ 69,950 $ 207,894 $ 56,711 $ 1,020,393 Special Mention — — 4,239 7,942 212 1,543 1,790 15,726 Substandard 4,927 392 — 8,055 2,194 8,825 2,829 27,222 Doubtful/Loss — — — — — — — — Total Loans $ 47,112 $ 156,463 $ 237,768 $ 270,050 $ 72,356 $ 218,262 $ 61,330 $ 1,063,341 Current Period Write-offs $ (13 ) $ (40 ) $ (75 ) $ — $ (13 ) $ (2 ) $ — $ (143 ) Current Period Recoveries $ — $ — $ — $ — $ — $ 43 $ — $ 43 Current Period Net Write-offs $ (13 ) $ (40 ) $ (75 ) $ — $ (13 ) $ 41 $ — $ (100 ) (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Commercial Pass $ 19,776 $ 16,961 $ 15,833 $ 5,381 $ 7,420 $ 6,298 $ 26,183 $ 97,852 Special Mention — 1,122 2,530 235 308 — 2,936 7,131 Substandard — 32 1,152 542 — — 188 1,914 Doubtful/Loss — — — — — — — — Total Commercial loans $ 19,776 $ 18,115 $ 19,515 $ 6,158 $ 7,728 $ 6,298 $ 29,307 $ 106,897 Current Period Write-offs (47 ) (196 ) (36 ) — (87 ) — — (366 ) Current Period Recoveries — — — — 87 148 — 235 Current Period Net Write-offs (47 ) (196 ) (36 ) — — 148 — (131 ) Commercial Real Estate Pass $ 115,807 $ 173,918 $ 191,907 $ 50,150 $ 52,157 $ 107,909 $ 6,879 $ 698,727 Special Mention — — 7,448 — 2,869 1,273 — 11,590 Substandard 395 — 1,712 1,684 6,604 1,017 — 11,412 Doubtful/Loss — — — — — — — — Total Commercial Real Estate loans $ 116,202 $ 173,918 $ 201,067 $ 51,834 $ 61,630 $ 110,199 $ 6,879 $ 721,729 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Agriculture Pass $ 6,842 $ 16,985 $ 20,511 $ 8,792 $ 2,509 11,437 $ 29,893 $ 96,969 Special Mention — 1,937 2,996 — — 1,064 — 5,997 Substandard — — 946 — 1,926 — — 2,872 Doubtful/Loss — — — — — — — — Total Agriculture loans $ 6,842 $ 18,922 $ 24,453 $ 8,792 $ 4,435 $ 12,501 $ 29,893 $ 105,838 Current Period Write-offs (1,825 ) — — — — — (742 ) (2,567 ) Current Period Recoveries 1,825 — — — — — 742 2,567 Current Period Net Write-offs — — — — — — — — (in thousands) Term Loans Amortized Cost Basis by Origination Year - As of December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Loans Amortized Cost Basis Total Residential Mortgage Pass $ 20,239 $ 24,906 $ 26,429 $ 14,500 $ 5,481 $ 15,349 $ — $ 106,904 Special Mention — — — — — — — — Substandard — — 39 — — 385 — 424 Doubtful/Loss — — — — — — — — Total Residential Mortgage loans $ 20,239 $ 24,906 $ 26,468 $ 14,500 $ 5,481 $ 15,734 $ — $ 107,328 Current Period Write-offs — — — — — (3 ) — (3 ) Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — (3 ) — (3 ) Residential Construction Pass $ 3,714 $ 1,991 $ 3,198 $ — $ — $ — $ — $ 8,903 Special Mention — — — — — — — — Substandard — 3,420 — — — — — 3,420 Doubtful/Loss — — — — — — — — Total Residential Construction loans $ 3,714 $ 5,411 $ 3,198 $ — $ — $ — $ — $ 12,323 Current Period Write-offs — — — — — — — — Current Period Recoveries — — — — — — — — Current Period Net Write-offs — — — — — — — — Consumer Pass $ 350 $ 758 $ 133 $ 149 $ 70 $ 273 $ 12,516 $ 14,249 Special Mention — — — — — — — — Substandard — — — — — — 619 619 Doubtful/Loss — — — — — — — — Total Consumer loans $ 350 $ 758 $ 133 $ 149 $ 70 $ 273 $ 13,135 $ 14,868 Current Period Write-offs (13 ) — — — — — — (13 ) Current Period Recoveries — — — — — 1 — 1 Current Period Net Write-offs (13 ) — — — — 1 — (12 ) Total Loans Pass $ 166,728 $ 235,519 $ 258,011 $ 78,972 $ 67,637 $ 141,266 $ 75,471 $ 1,023,604 Special Mention — 3,059 12,974 235 3,177 2,337 2,936 24,718 Substandard 395 3,452 3,849 2,226 8,530 1,402 807 20,661 Doubtful/Loss — — — — — — — — Total Loans $ 167,123 $ 242,030 $ 274,834 $ 81,433 $ 79,344 $ 145,005 $ 79,214 $ 1,068,983 Current Period Write-offs $ (1,885 ) $ (196 ) $ (36 ) $ — $ (87 ) $ (3 ) $ (742 ) $ (2,949 ) Current Period Recoveries $ 1,825 $ — $ — $ — $ 87 $ 149 $ 742 $ 2,803 Current Period Net Write-offs $ (60 ) $ (196 ) $ (36 ) $ — $ — $ 146 $ — $ (146 )

MORTGAGE OPERATIONS (Tables)

MORTGAGE OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2024
MORTGAGE OPERATIONS [Abstract]
Key Assumptions Used in Measuring the Fair Value of Mortgage Servicing Rights	Key assumptions used in measuring the fair value of mortgage servicing rights as of March 31, 2024 and December 31, 2023 were as follows: March 31, 2024 December 31, 2023 Constant prepayment rate 7.23 % 6.09 % Discount rate 10.00 % 10.50 % Weighted average life (years) 7.39 7.99
Mortgage Servicing Rights Assets	The following table summarizes the Company’s mortgage servicing rights assets as of March 31, 2024 and December 31, (in thousands) December 31, 2023 Additions Reductions March 31, 2024 Mortgage servicing rights $ 1,482 $ 7 $ (55 ) $ 1,434 Valuation allowance — — — — Mortgage servicing rights, net of valuation allowance $ 1,482 $ 7 $ (55 ) $ 1,434

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
FAIR VALUE MEASUREMENTS [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	The tables below present the recorded amount of assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. (in thousands) March 31 2024 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) U.S. Treasury securities $ 81,886 $ 81,886 $ — $ — Securities of U.S. government agencies and corporations 109,711 — 109,711 — Obligations of states and political subdivisions 51,888 — 51,888 — Collateralized mortgage obligations 87,453 — 87,453 — Mortgage-backed securities 227,503 — 227,503 — Total investments at fair value $ 558,441 $ 81,886 $ 476,555 $ — (in thousands) December 31, 2023 Fair Value Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) U.S. Treasury securities $ 87,182 $ 87,182 $ — $ — Securities of U.S. government agencies and corporations 115,079 — 115,079 — Obligations of states and political subdivisions 51,677 — 51,677 — Collateralized mortgage obligations 90,947 — 90,947 — Mortgage-backed securities 227,472 — 227,472 — Total investments at fair value $ 572,357 $ 87,182 $ 485,175 $ —
Assets Measured at Fair Value on a Nonrecurring Basis	Assets measured at fair value on a non-recurring basis are included in the table below by level within the fair value hierarchy as of March 31, 2024 March 31 2024 Total Level 1 Level 2 Level 3 Individually evaluated loans $ 139 $ — $ — $ 139 Total assets at fair value $ 139 $ — $ — $ 139
Key Methods and Assumptions Used in Measuring Fair Value	Key methods and assumptions used in measuring the fair value of collateral dependent loans as of March 31, 2024 were as follows: Method Assumption Inputs Individually evaluated loans Collateral, market, income, enterprise, liquidation, and discounted cash flows External appraised values, management assumptions regarding market trends or other relevant factors, selling costs generally ranging from 6% to 10%, or the amount and timing of cash flows based on the loan’s effective interest rate.
Estimated Fair Value of Financial Instruments	The estimated fair values of the Company’s financial instruments for the periods ended March 31, 2024 and December 31, 2023 were approximately as follows: March 31, 2024 December 31, 2023 Level Carrying amount Fair value Carrying amount Fair value Financial assets: Cash and cash equivalents 1 $ 186,909 $ 186,909 $ 149,211 $ 149,211 Certificates of deposit 2 18,185 18,032 19,710 19,570 Stock in Federal Home Loan Bank and other equity securities 3 10,518 10,518 10,518 10,518 Loans receivable: Net loans 3 1,047,296 956,356 1,052,465 958,077 Interest receivable 2 6,667 6,667 6,810 6,810 Mortgage servicing rights 3 1,434 2,010 1,482 2,094 Financial liabilities: Time deposits 3 156,115 155,594 135,696 135,540 Interest payable 2 1,770 1,770 1,567 1,567

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	3 Months Ended
	Mar. 31, 2024
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Financial Instruments Whose Contract Amount Represent Credit Risk	Financial instruments, whose contract amounts represent credit risk at the indicated periods, were as follows: (in thousands) March 31, 2024 December 31, 2023 Undisbursed loan commitments $ 179,893 $ 187,401 Standby letters of credit 1,241 1,251 Commitments to sell loans 765 — $ 181,899 $ 188,652

STOCK PLANS (Tables)

STOCK PLANS (Tables)	3 Months Ended
	Mar. 31, 2024
STOCK PLANS [Abstract]
Stock Option Activity	The following table presents the activity related to stock options for the three months ended March 31, 2024: Number of Shares Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (in years) Options outstanding at Beginning of Period 642,779 $ 8.40 Granted — — Expired — — Cancelled / Forfeited — — Exercised (20,028 ) 4.64 Options outstanding at End of Period 622,751 8.52 $ 435,548 4.59 Exercisable (vested) at End of Period 599,067 $ 8.49 $ 435,548 4.46
Activity Related to Restricted Stock	The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2024: Number of Shares Weighted Average Grant-Date Fair Value Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (in years) Non-vested Restricted stock outstanding at Beginning of Period 274,268 $ 8.72 Granted 79,576 8.29 Cancelled/Forfeited (19,212 ) 8.77 Exercised/Released/Vested (45,074 ) 9.21 Non-vested restricted stock outstanding at End of Period 289,558 $ 8.52 $ 2,617,604 2.88
Weighted Average Assumptions Used in Valuing ESPP	A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2024 is presented below: Three Months Ended March 31, 2024 Risk Free Interest Rate 5.27 % Expected Dividend Yield 0.00 % Expected Life in Years 1.00 Expected Price Volatility 25.96 %

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2024
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Activity in Accumulated Other Comprehensive Income (Loss)	The following table details activity in accumulated other comprehensive income (loss) for the three months ended March 31, 2024: ($ in thousands) Unrealized gains (losses) on securities Officers’ retirement plan Directors’ retirement plan Accumulated other comprehensive income (loss) Balance as of December 31, 2023 $ (33,778 ) $ (70 ) $ 121 $ (33,727 ) Current period other comprehensive loss (1,461 ) — — (1,461 ) Balance as of March 31 2024 $ (35,239 ) $ (70 ) $ 121 $ (35,188 ) The following table details activity in accumulated other comprehensive loss for the three months ended March 31, 2023: ($ in thousands) Unrealized gains (losses) on securities Officers’ retirement plan Directors’ retirement plan Accumulated other comprehensive income (loss) Balance as of December 31, 2022 $ (46,273 ) $ (308 ) $ 53 $ (46,528 ) Current period other comprehensive income 6,013 — — 6,013 Balance as of March 31 2023 $ (40,260 ) $ (308 ) $ 53 $ (40,515 )

OUTSTANDING SHARES AND EARNIN_2

OUTSTANDING SHARES AND EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
OUTSTANDING SHARES AND EARNINGS PER SHARE [Abstract]
Reconciliation of Basic and Diluted EPS	The following table presents a reconciliation of basic and diluted EPS for the three months ended March 31, 2024 and 2023 (dollars in thousands except per share amounts): Three months ended March 31, 2024 2023 Basic earnings per share: Net income $ 4,276 $ 5,489 Weighted average common shares outstanding 15,232,761 15,149,823 Basic EPS $ 0.28 $ 0.36 Diluted earnings per share: Net income $ 4,276 $ 5,489 Weighted average common shares outstanding 15,232,761 15,149,823 Effect of dilutive shares 160,025 141,923 Adjusted weighted average common shares outstanding 15,392,786 15,291,746 Diluted EPS $ 0.28 $ 0.36

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
LEASES [Abstract]
Maturities of Remaining Lease Liabilities	The table below summarizes the maturity of remaining lease liabilities: (in thousands) March 31, 2024 2024 (remaining 9 months) $ 741 2025 1,051 2026 672 2027 611 2028 625 2029 895 Total lease payments 4,595 Less: interest (282 ) Present value of lease liabilities $ 4,313
Supplemental Cash Flow Information Related to Leases	The following table presents supplemental cash flow information related to leases for the three months ended March 31, 2024 and March 31, 2023: (in thousands) Three Months Ended March 31, 2024 Three Months Ended March 31 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 299 $ 313 Right-of-use assets obtained in exchange for new operating lease liabilities $ — $ 245
Weighted Average Operating Lease Term and Discount Rate	The following table presents the weighted average operating lease term and discount rate as of March 31, 2024 and December 31, 2023: (in thousands) March 31, 2024 December 31, 2023 Weighted-average remaining lease term – operating leases, in years 5.32 5.43 Weighted-average discount rate – operating leases 2.41 % 2.42 %

INVESTMENT SECURITIES, Amortize

INVESTMENT SECURITIES, Amortized Cost, Unrealized Gains and Losses and Estimated Fair Values of Investments in Debt and Other Securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Investment securities available-for-sale [Abstract]
Amortized cost	$ 608,472		$ 620,314
Unrealized gains	352		733
Unrealized losses	(50,383)		(48,690)
Estimated fair value	558,441		572,357
ACL	0		0
Proceeds from sales of available-for-sale securities	971	$ 7,201
Gross realized gains from sales of available-for-sale securities	0	58
Gross realized losses from sales of available-for-sale securities	42	$ 56
U.S. Treasury Securities [Member]
Investment securities available-for-sale [Abstract]
Amortized cost	84,676		90,063
Unrealized gains	60		134
Unrealized losses	(2,850)		(3,015)
Estimated fair value	81,886		87,182
ACL	0		0
Securities of U.S. Government Agencies and Corporations [Member]
Investment securities available-for-sale [Abstract]
Amortized cost	115,840		121,305
Unrealized gains	48		105
Unrealized losses	(6,177)		(6,331)
Estimated fair value	109,711		115,079
ACL	0		0
Obligations of States and Political Subdivisions [Member]
Investment securities available-for-sale [Abstract]
Amortized cost	55,599		55,021
Unrealized gains	149		237
Unrealized losses	(3,860)		(3,581)
Estimated fair value	51,888		51,677
ACL	0		0
Collateralized Mortgage Obligations [Member]
Investment securities available-for-sale [Abstract]
Amortized cost	105,134		107,658
Unrealized gains	0		15
Unrealized losses	(17,681)		(16,726)
Estimated fair value	87,453		90,947
ACL	0		0
Mortgage-backed Securities [Member]
Investment securities available-for-sale [Abstract]
Amortized cost	247,223		246,267
Unrealized gains	95		242
Unrealized losses	(19,815)		(19,037)
Estimated fair value	227,503		227,472
ACL	$ 0		$ 0

INVESTMENT SECURITIES, Contract

INVESTMENT SECURITIES, Contractual or Expected Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Maturity in years [Abstract]
Due in one year or less	$ 71,862
Due after one year through five years	126,902
Due after five years through ten years	29,358
Due after ten years	27,993
Subtotal	256,115
MBS & CMO	352,357
Amortized cost	608,472	$ 620,314
Maturity in years [Abstract]
Due in one year or less	70,762
Due after one year through five years	119,731
Due after five years through ten years	27,406
Due after ten years	25,586
Subtotal	243,485
Mortgage-backed securities and Collateralized mortgage obligations	314,956
Estimated fair value	$ 558,441	$ 572,357

INVESTMENT SECURITIES, Analysis

INVESTMENT SECURITIES, Analysis of Gross Unrealized Losses (Details) $ in Thousands	Mar. 31, 2024 USD ($) Security	Dec. 31, 2023 USD ($)
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	$ 51,470	$ 32,025
12 months or more, fair value	459,569	470,459
Total fair value	511,039	502,484
Less than 12 months, unrealized losses	(423)	(188)
12 Months or more, unrealized losses	(49,960)	(48,502)
Total unrealized losses	$ (50,383)	(48,690)
Investment securities in an unrealized loss position less than 12 months | Security	45
Investment securities in an unrealized loss position more than 12 months | Security	460
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	$ 0	0
Asset Pledged as Collateral [Member] | Public Deposits or Other Purposes [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Investment securities	42,153	43,884
U.S. Treasury Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	2,401	0
12 months or more, fair value	68,912	77,203
Total fair value	71,313	77,203
Less than 12 months, unrealized losses	(15)	0
12 Months or more, unrealized losses	(2,835)	(3,015)
Total unrealized losses	(2,850)	(3,015)
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	0	0
Securities of U.S. Government Agencies and Corporations [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	9,804	3,424
12 months or more, fair value	92,229	97,057
Total fair value	102,033	100,481
Less than 12 months, unrealized losses	(43)	(7)
12 Months or more, unrealized losses	(6,134)	(6,324)
Total unrealized losses	(6,177)	(6,331)
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	0	0
Obligations of States and Political Subdivisions [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	11,059	4,981
12 months or more, fair value	31,341	32,578
Total fair value	42,400	37,559
Less than 12 months, unrealized losses	(100)	(31)
12 Months or more, unrealized losses	(3,760)	(3,550)
Total unrealized losses	(3,860)	(3,581)
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	0	0
Collateralized Mortgage Obligations [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	3,651	6,597
12 months or more, fair value	82,409	80,995
Total fair value	86,060	87,592
Less than 12 months, unrealized losses	(21)	(26)
12 Months or more, unrealized losses	(17,660)	(16,700)
Total unrealized losses	(17,681)	(16,726)
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	0	0
Mortgage-backed Securities [Member]
Available-for-sale Securities, Continuous Unrealized Loss Position [Abstract]
Less than 12 months, fair value	24,555	17,023
12 months or more, fair value	184,678	182,626
Total fair value	209,233	199,649
Less than 12 months, unrealized losses	(244)	(124)
12 Months or more, unrealized losses	(19,571)	(18,913)
Total unrealized losses	(19,815)	(19,037)
Investment securities - available-for-sale, at estimated fair value, net of allowance for credit losses	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Loan Portfolio by Loan Class (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Loan Portfolio by Loan Class [Abstract]
Loans	$ 1,063,341	$ 1,068,983
Allowance for credit losses	(16,246)	(16,596)	$ (15,484)	$ (14,792)
Net deferred origination fees and costs	201	78
Loans, net	1,047,296	1,052,465
Commercial [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	108,786	106,897
Allowance for credit losses	(1,547)	(2,041)	(1,903)	(1,491)
Commercial Real Estate [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	726,069	721,729
Allowance for credit losses	(10,496)	(10,864)	(9,957)	(10,259)
Agriculture [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	91,865	105,838
Allowance for credit losses	(1,641)	(997)	(949)	(1,789)
Residential Mortgage [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	108,553	107,328
Allowance for credit losses	(1,901)	(2,005)	(1,825)	(896)
Residential Construction [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	11,981	12,323
Allowance for credit losses	(361)	(334)	(453)	(181)
Consumer [Member]
Loan Portfolio by Loan Class [Abstract]
Loans	16,087	14,868
Allowance for credit losses	$ (300)	$ (355)	$ (397)	$ (176)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	$ 16,596	$ 14,792	$ 14,792
Total beginning balance	17,746	15,492	15,492
Charge-offs	(143)	(131)	(2,949)
Total charge offs	(143)
Recoveries	43	23	2,803
Total recoveries		23
Provision (recovery)	(250)	0
Provision for credit losses	(300)	0
Ending balance	16,246	15,484	16,596
Total ending balance	17,346	16,684	17,746
Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		800	800
Total beginning balance		1,300	1,300
Reserve for Unfunded Commitments [Member]
Activity in ACL on loans by loan class [Roll Forward]
Total beginning balance	1,150	700	700
Charge-offs		0
Total charge offs	0
Recoveries	0
Total recoveries		0
Provision for credit losses	(50)	0
Total ending balance	1,100	1,200	1,150
Reserve for Unfunded Commitments [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Total beginning balance		500	500
Commercial [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	2,041	1,491	1,491
Charge-offs	(130)	(127)	(366)
Recoveries	41	23	235
Provision (recovery)	(405)	(173)
Ending balance	1,547	1,903	2,041
Commercial [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		689	689
Commercial Real Estate [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	10,864	10,259	10,259
Charge-offs	0	0	0
Recoveries	0	0	0
Provision (recovery)	(368)	211
Ending balance	10,496	9,957	10,864
Commercial Real Estate [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		(513)	(513)
Agriculture [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	997	1,789	1,789
Charge-offs	0	0	(2,567)
Recoveries	0	0	2,567
Provision (recovery)	644	(98)
Ending balance	1,641	949	997
Agriculture [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		(742)	(742)
Residential Mortgage [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	2,005	896	896
Charge-offs	0	(3)	(3)
Recoveries	0	0	0
Provision (recovery)	(104)	9
Ending balance	1,901	1,825	2,005
Residential Mortgage [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		923	923
Residential Construction [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	334	181	181
Charge-offs	0	0	0
Recoveries	0	0	0
Provision (recovery)	27	51
Ending balance	361	453	334
Residential Construction [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		221	221
Consumer [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance	355	176	176
Charge-offs	(13)	(1)	(13)
Recoveries	2	0	1
Provision (recovery)	(44)	0
Ending balance	$ 300	397	355
Consumer [Member] | Impact of Adopting ASC 326 [Member] | ASU 2016-13 [Member]
Activity in ACL on loans by loan class [Roll Forward]
Beginning balance		$ 222	$ 222

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Collateral-Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	$ 8,784	$ 3,998
Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	1,315	424
Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	335	351
Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	267	352
Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	139	0
Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	4,000	0
Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	899	946
Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	1,829	1,925
Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	139	0
Commercial [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	139	0
Commercial [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Commercial Real Estate [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	2,728	2,871
Agriculture [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Agriculture [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	899	946
Agriculture [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	1,829	1,925
Residential Mortgage [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	1,315	424
Residential Mortgage [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	1,315	424
Residential Mortgage [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Mortgage [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Mortgage [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Mortgage [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Mortgage [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Mortgage [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	4,000	0
Residential Construction [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	4,000	0
Residential Construction [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Residential Construction [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Consumer [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	602	703
Consumer [Member] | Secured by 1-4 Family Residential Properties-1st Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Consumer [Member] | Secured by 1-4 Family Residential Properties-Junior Lien [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	335	351
Consumer [Member] | Secured by 1-4 Family Residential Properties-Revolving [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	267	352
Consumer [Member] | Commercial [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Consumer [Member] | Construction and Land Development [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Consumer [Member] | Secured by Farmland [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	0	0
Consumer [Member] | Agriculture Production Loans [Member]
Collateral Dependent Loans By Class [Abstract]
Collateral dependent loans, amortized cost	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Foreclosure Proceedings (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Residential Real Estate [Member]
Foreclosure Proceedings [Abstract]
Amount of mortgage loans in process of foreclosure	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Non-accrual and Past Due Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Non-accrual and Past Due Loans [Abstract]
Total Loans	$ 1,063,341		$ 1,068,983
Nonaccrual Loans	8,784		3,998
Nonaccrual loans with no ACL	8,784		3,998
Interest income on nonaccrual loans	5	$ 0
30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	2,340		1,261
60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	50		178
90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		4,336
Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	11,174		9,773
Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	1,052,167		1,059,210
Commercial [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	108,786		106,897
Nonaccrual Loans	139		0
Nonaccrual loans with no ACL	139		0
Commercial [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	1,032		91
Commercial [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	50		178
Commercial [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Commercial [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	1,221		269
Commercial [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	107,565		106,628
Commercial Real Estate [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	726,069		721,729
Nonaccrual Loans	0		0
Nonaccrual loans with no ACL	0		0
Commercial Real Estate [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Commercial Real Estate [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Commercial Real Estate [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Commercial Real Estate [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Commercial Real Estate [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	726,069		721,729
Agriculture [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	91,865		105,838
Nonaccrual Loans	2,728		2,871
Nonaccrual loans with no ACL	2,728		2,871
Agriculture [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	922		0
Agriculture [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Agriculture [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Agriculture [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	3,650		2,871
Agriculture [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	88,215		102,967
Residential Mortgage [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	108,553		107,328
Nonaccrual Loans	1,315		424
Nonaccrual loans with no ACL	1,315		424
Residential Mortgage [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	386		976
Residential Mortgage [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Residential Mortgage [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		916
Residential Mortgage [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	1,701		2,316
Residential Mortgage [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	106,852		105,012
Residential Construction [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	11,981		12,323
Nonaccrual Loans	4,000		0
Nonaccrual loans with no ACL	4,000		0
Residential Construction [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Residential Construction [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Residential Construction [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		3,420
Residential Construction [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	4,000		3,420
Residential Construction [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	7,981		8,903
Consumer [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	16,087		14,868
Nonaccrual Loans	602		703
Nonaccrual loans with no ACL	602		703
Consumer [Member] | 30-59 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		194
Consumer [Member] | 60-89 Days Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Consumer [Member] | 90 Days or More Past Due & Accruing [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	0		0
Consumer [Member] | Total Past Due & Nonaccrual [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	602		897
Consumer [Member] | Current & Accruing Loans [Member]
Non-accrual and Past Due Loans [Abstract]
Total Loans	$ 15,485		$ 13,971

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Amortized Cost Basis of Loans Modification to Borrowers in Financial Distress (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable Modification [Abstract]
Total class of financing receivable	0.26%	0.03%
Commitments to lend additional funds to borrowers whose loans were modified	$ 835	$ 0
Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	2,718	250
Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 50
Commercial [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	2.50%	0.29%
Commercial [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 2,718	$ 250
Commercial [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 50
Commercial Real Estate [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	0%	0%
Commercial Real Estate [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Commercial Real Estate [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Agriculture [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	0%	0%
Agriculture [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Agriculture [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Residential Mortgage [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	0%	0%
Residential Mortgage [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Residential Mortgage [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Residential Construction [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	0%	0%
Residential Construction [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Residential Construction [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Consumer [Member]
Financing Receivable Modification [Abstract]
Total class of financing receivable	0%	0%
Consumer [Member] | Term Extension [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0
Consumer [Member] | Combination Term Extension and Interest Rate Reduction [Member]
Financing Receivable Modification [Abstract]
Amortized cost basis of loans that were experiencing both financial difficulty and modification	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Financial Effect of Loan Modifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0.50%
Weighted-Average Term Extension	8 months	9 months
Amount of loans modified within previous twelve months and for which there was a payment default	$ 0	$ 0
Commercial [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0.50%
Weighted-Average Term Extension	8 months	9 months
Commercial Real Estate [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0%
Weighted-Average Term Extension	0 months	0 months
Agriculture [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0%
Weighted-Average Term Extension	0 months	0 months
Residential Mortgage [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0%
Weighted-Average Term Extension	0 months	0 months
Residential Construction [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0%
Weighted-Average Term Extension	0 months	0 months
Consumer [Member]
Financial Effects of Loan Modifications to Borrowers Experiencing Financial Difficulty [Abstract]
Weighted-Average Interest Rate Reduction	0%	0%
Weighted-Average Term Extension	0 months	0 months

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES, Financing Receivables by Credit Quality Indicator (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Risk Ratings by Loan Class [Abstract]
2024/2023	$ 47,112		$ 167,123
2023/2022	156,463		242,030
2022/2021	237,768		274,834
2021/2020	270,050		81,433
2020/2019	72,356		79,344
Prior	218,262		145,005
Revolving loans amortized cost basis	61,330		79,214
Total	1,063,341		1,068,983
Revolving loans converted to term loans	630		881
Current Period Charge-offs [Abstract]
2024/2023	(13)		(1,885)
2023/2022	(40)		(196)
2022/2021	(75)		(36)
2021/2020	0		0
2020/2019	(13)		(87)
Prior	(2)		(3)
Revolving loans amortized cost basis	0		(742)
Total	(143)	$ (131)	(2,949)
Current Period Recoveries [Abstract]
2024/2023	0		1,825
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		87
Prior	43		149
Revolving loans amortized cost basis	0		742
Total	43	23	2,803
Current Period Net Charge-offs [Abstract]
2024/2023	(13)		(60)
2023/2022	(40)		(196)
2022/2021	(75)		(36)
2021/2020	0		0
2020/2019	(13)		0
Prior	41		146
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	(100)		(146)
Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	42,185		166,728
2023/2022	156,071		235,519
2022/2021	233,529		258,011
2021/2020	254,053		78,972
2020/2019	69,950		67,637
Prior	207,894		141,266
Revolving loans amortized cost basis	56,711		75,471
Total	1,020,393		1,023,604
Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		3,059
2022/2021	4,239		12,974
2021/2020	7,942		235
2020/2019	212		3,177
Prior	1,543		2,337
Revolving loans amortized cost basis	1,790		2,936
Total	15,726		24,718
Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	4,927		395
2023/2022	392		3,452
2022/2021	0		3,849
2021/2020	8,055		2,226
2020/2019	2,194		8,530
Prior	8,825		1,402
Revolving loans amortized cost basis	2,829		807
Total	27,222		20,661
Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Commercial [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	14,182		19,776
2023/2022	17,078		18,115
2022/2021	17,571		19,515
2021/2020	17,484		6,158
2020/2019	5,705		7,728
Prior	13,048		6,298
Revolving loans amortized cost basis	23,718		29,307
Total	108,786		106,897
Current Period Charge-offs [Abstract]
2024/2023	0		(47)
2023/2022	(40)		(196)
2022/2021	(75)		(36)
2021/2020	0		0
2020/2019	(13)		(87)
Prior	(2)		0
Revolving loans amortized cost basis	0		0
Total	(130)	(127)	(366)
Current Period Recoveries [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		87
Prior	41		148
Revolving loans amortized cost basis	0		0
Total	41	23	235
Current Period Net Charge-offs [Abstract]
2024/2023	0		(47)
2023/2022	(40)		(196)
2022/2021	(75)		(36)
2021/2020	0		0
2020/2019	(13)		0
Prior	39		148
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	(89)		(131)
Commercial [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	13,255		19,776
2023/2022	17,078		16,961
2022/2021	15,223		15,833
2021/2020	14,713		5,381
2020/2019	4,972		7,420
Prior	12,759		6,298
Revolving loans amortized cost basis	21,639		26,183
Total	99,639		97,852
Commercial [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		1,122
2022/2021	2,348		2,530
2021/2020	2,771		235
2020/2019	212		308
Prior	289		0
Revolving loans amortized cost basis	1,790		2,936
Total	7,410		7,131
Commercial [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	927		0
2023/2022	0		32
2022/2021	0		1,152
2021/2020	0		542
2020/2019	521		0
Prior	0		0
Revolving loans amortized cost basis	289		188
Total	1,737		1,914
Commercial [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Commercial Real Estate [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	24,352		116,202
2023/2022	107,614		173,918
2022/2021	174,355		201,067
2021/2020	198,760		51,834
2020/2019	45,847		61,630
Prior	168,356		110,199
Revolving loans amortized cost basis	6,785		6,879
Total	726,069		721,729
Current Period Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0	0	0
Current Period Recoveries [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0	0	0
Current Period Net Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	0		0
Commercial Real Estate [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	24,352		115,807
2023/2022	107,222		173,918
2022/2021	174,355		191,907
2021/2020	189,466		50,150
2020/2019	44,174		52,157
Prior	159,555		107,909
Revolving loans amortized cost basis	6,785		6,879
Total	705,909		698,727
Commercial Real Estate [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		7,448
2021/2020	2,175		0
2020/2019	0		2,869
Prior	1,254		1,273
Revolving loans amortized cost basis	0		0
Total	3,429		11,590
Commercial Real Estate [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		395
2023/2022	392		0
2022/2021	0		1,712
2021/2020	7,119		1,684
2020/2019	1,673		6,604
Prior	7,547		1,017
Revolving loans amortized cost basis	0		0
Total	16,731		11,412
Commercial Real Estate [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Agriculture [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	2,484		6,842
2023/2022	7,051		18,922
2022/2021	18,772		24,453
2021/2020	24,328		8,792
2020/2019	6,707		4,435
Prior	15,645		12,501
Revolving loans amortized cost basis	16,878		29,893
Total	91,865		105,838
Current Period Charge-offs [Abstract]
2024/2023	0		(1,825)
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		(742)
Total	0	0	(2,567)
Current Period Recoveries [Abstract]
2024/2023	0		1,825
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		742
Total	0	0	2,567
Current Period Net Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	0		0
Agriculture [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	2,484		6,842
2023/2022	7,051		16,985
2022/2021	16,881		20,511
2021/2020	20,433		8,792
2020/2019	6,707		2,509
Prior	15,645		11,437
Revolving loans amortized cost basis	14,940		29,893
Total	84,141		96,969
Agriculture [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		1,937
2022/2021	1,891		2,996
2021/2020	2,996		0
2020/2019	0		0
Prior	0		1,064
Revolving loans amortized cost basis	0		0
Total	4,887		5,997
Agriculture [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		946
2021/2020	899		0
2020/2019	0		1,926
Prior	0		0
Revolving loans amortized cost basis	1,938		0
Total	2,837		2,872
Agriculture [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Residential Mortgage [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	1,312		20,239
2023/2022	20,536		24,906
2022/2021	23,824		26,468
2021/2020	28,012		14,500
2020/2019	13,966		5,481
Prior	20,903		15,734
Revolving loans amortized cost basis	0		0
Total	108,553		107,328
Current Period Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		(3)
Revolving loans amortized cost basis	0		0
Total	0	(3)	(3)
Current Period Recoveries [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0	0	0
Current Period Net Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		(3)
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	0		(3)
Residential Mortgage [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	1,312		20,239
2023/2022	20,536		24,906
2022/2021	23,824		26,429
2021/2020	27,975		14,500
2020/2019	13,966		5,481
Prior	19,625		15,349
Revolving loans amortized cost basis	0		0
Total	107,238		106,904
Residential Mortgage [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Residential Mortgage [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		39
2021/2020	37		0
2020/2019	0		0
Prior	1,278		385
Revolving loans amortized cost basis	0		0
Total	1,315		424
Residential Mortgage [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Residential Construction [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	4,575		3,714
2023/2022	3,998		5,411
2022/2021	2,073		3,198
2021/2020	1,335		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	11,981		12,323
Current Period Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0	0	0
Current Period Recoveries [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0	0	0
Current Period Net Charge-offs [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	0		0
Residential Construction [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	575		3,714
2023/2022	3,998		1,991
2022/2021	2,073		3,198
2021/2020	1,335		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	7,981		8,903
Residential Construction [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Residential Construction [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	4,000		0
2023/2022	0		3,420
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	4,000		3,420
Residential Construction [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Consumer [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	207		350
2023/2022	186		758
2022/2021	1,173		133
2021/2020	131		149
2020/2019	131		70
Prior	310		273
Revolving loans amortized cost basis	13,949		13,135
Total	16,087		14,868
Current Period Charge-offs [Abstract]
2024/2023	(13)		(13)
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	(13)	(1)	(13)
Current Period Recoveries [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	2		1
Revolving loans amortized cost basis	0		0
Total	2	$ 0	1
Current Period Net Charge-offs [Abstract]
2024/2023	(13)		(13)
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	2		1
Revolving loans amortized cost basis	0		0
Net (charge-offs)/recoveries	(11)		(12)
Consumer [Member] | Pass [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	207		350
2023/2022	186		758
2022/2021	1,173		133
2021/2020	131		149
2020/2019	131		70
Prior	310		273
Revolving loans amortized cost basis	13,347		12,516
Total	15,485		14,249
Consumer [Member] | Special Mention [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	0		0
Total	0		0
Consumer [Member] | Substandard [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	602		619
Total	602		619
Consumer [Member] | Doubtful/Loss [Member]
Risk Ratings by Loan Class [Abstract]
2024/2023	0		0
2023/2022	0		0
2022/2021	0		0
2021/2020	0		0
2020/2019	0		0
Prior	0		0
Revolving loans amortized cost basis	$ 0		$ 0

MORTGAGE OPERATIONS (Details)

MORTGAGE OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
MORTGAGE OPERATIONS [Abstract]
Real estate mortgage loans serviced	$ 181,353		$ 184,288
Key assumptions used in measuring the fair value of mortgage servicing rights [Abstract]
Constant prepayment rate	7.23%		6.09%
Discount rate	10%		10.50%
Weighted average life	7 years 4 months 20 days		7 years 11 months 26 days
Mortgage servicing rights [Roll Forward]
Beginning balance	$ 1,482
Additions	7
Reductions	(55)
Ending balance	1,434		$ 1,482
Valuation allowance [Roll Forward]
Beginning balance	0
Additions	0
Reductions	0
Ending balance	0		0
Mortgage servicing rights, net of valuation allowance [Roll Forward]
Beginning balance	1,482
Additions	7
Reductions	(55)
Ending balance	1,434
Fair value of mortgage servicing rights assets	2,010		$ 2,094
Contractually specified servicing fees	$ 115	$ 121

FAIR VALUE MEASUREMENTS, Assets

FAIR VALUE MEASUREMENTS, Assets and Liabilities Measured at Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	$ 558,441	$ 572,357
Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	558,441	572,357
Liabilities Recorded at Fair Value [Abstract]
Liabilities	0	0
Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	81,886	87,182
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	476,555	485,175
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Non-recurring [Member]
Assets Recorded at Fair Value on a Non-Recurring Basis [Abstract]
Individually evaluated loans	139
Assets at fair value	139	0
Liabilities Recorded at Fair Value [Abstract]
Liabilities	0	0
Non-recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Non-Recurring Basis [Abstract]
Individually evaluated loans	0
Assets at fair value	0
Non-recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Non-Recurring Basis [Abstract]
Individually evaluated loans	0
Assets at fair value	0
Non-recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Non-Recurring Basis [Abstract]
Individually evaluated loans	139
Assets at fair value	139
U.S. Treasury Securities [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	81,886	87,182
U.S. Treasury Securities [Member] | Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	81,886	87,182
U.S. Treasury Securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	81,886	87,182
U.S. Treasury Securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
U.S. Treasury Securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Securities of U.S. Government Agencies and Corporations [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	109,711	115,079
Securities of U.S. Government Agencies and Corporations [Member] | Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	109,711	115,079
Securities of U.S. Government Agencies and Corporations [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Securities of U.S. Government Agencies and Corporations [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	109,711	115,079
Securities of U.S. Government Agencies and Corporations [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Obligations of States and Political Subdivisions [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	51,888	51,677
Obligations of States and Political Subdivisions [Member] | Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	51,888	51,677
Obligations of States and Political Subdivisions [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Obligations of States and Political Subdivisions [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	51,888	51,677
Obligations of States and Political Subdivisions [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Collateralized Mortgage Obligations [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	87,453	90,947
Collateralized Mortgage Obligations [Member] | Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	87,453	90,947
Collateralized Mortgage Obligations [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Collateralized Mortgage Obligations [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	87,453	90,947
Collateralized Mortgage Obligations [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Mortgage-backed Securities [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	227,503	227,472
Mortgage-backed Securities [Member] | Recurring [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	227,503	227,472
Mortgage-backed Securities [Member] | Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	0	0
Mortgage-backed Securities [Member] | Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	227,503	227,472
Mortgage-backed Securities [Member] | Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets Recorded at Fair Value on a Recurring Basis [Abstract]
Total investments at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS, Key Me

FAIR VALUE MEASUREMENTS, Key Methods and Assumptions Used (Details) - Collateral, Market, Income, Enterprise, Liquidation and Discounted Cash Flows [Member] - Selling Costs [Member]	Mar. 31, 2024
Minimum [Member]
Key methods and assumptions used in measuring fair value [Abstract]
Impaired loans, measurement input	0.06
Maximum [Member]
Key methods and assumptions used in measuring fair value [Abstract]
Impaired loans, measurement input	0.10

FAIR VALUE MEASUREMENTS, Fair V

FAIR VALUE MEASUREMENTS, Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Loans receivable [Abstract]
Mortgage servicing rights	$ 2,010	$ 2,094
Carrying Amount [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	186,909	149,211
Carrying Amount [Member] | Level 2 [Member]
Financial assets [Abstract]
Certificates of deposit	18,185	19,710
Loans receivable [Abstract]
Interest receivable	6,667	6,810
Financial liabilities [Abstract]
Interest payable	1,770	1,567
Carrying Amount [Member] | Level 3 [Member]
Financial assets [Abstract]
Stock in Federal Home Loan Bank and other equity securities	10,518	10,518
Loans receivable [Abstract]
Net loans	1,047,296	1,052,465
Mortgage servicing rights	1,434	1,482
Financial liabilities [Abstract]
Time deposits	156,115	135,696
Fair Value [Member] | Level 1 [Member]
Financial assets [Abstract]
Cash and cash equivalents	186,909	149,211
Fair Value [Member] | Level 2 [Member]
Financial assets [Abstract]
Certificates of deposit	18,032	19,570
Loans receivable [Abstract]
Interest receivable	6,667	6,810
Financial liabilities [Abstract]
Interest payable	1,770	1,567
Fair Value [Member] | Level 3 [Member]
Financial assets [Abstract]
Stock in Federal Home Loan Bank and other equity securities	10,518	10,518
Loans receivable [Abstract]
Net loans	956,356	958,077
Mortgage servicing rights	2,010	2,094
Financial liabilities [Abstract]
Time deposits	$ 155,594	$ 135,540

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($) Loan	Dec. 31, 2023 USD ($)
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	$ 181,899	$ 188,652
Number of loans repurchased | Loan	1
Amount of loans repurchased	$ 420
Undisbursed Loan Commitments [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	179,893	187,401
Standby Letters of Credit [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	1,241	1,251
Financial Standby Letter of Credit [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	0	0
Draw on outstanding letters of credit	0	0
Performance Standby Letters of Credit [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	1,241	1,251
Draw on outstanding letters of credit	0	0
Commitments to Sell Loans [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	765	0
Reserve for Off-balance Sheet Activity [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Reserve for unfunded commitments	1,100	1,150
Derivatives [Member]
Financial Instruments with Off-Balance Sheet Risk [Abstract]
Off-balance sheet credit risks	$ 0	$ 0

STOCK PLANS, Dividends (Details

STOCK PLANS, Dividends (Details) - 2024 Q1 Dividend [Member]		3 Months Ended
	Jan. 25, 2024	Mar. 31, 2024
Dividends [Abstract]
Stock dividend percentage	5%
Dividends, date declared		Jan. 25, 2024
Dividends, date to be paid		Mar. 25, 2024
Dividends, date of record		Feb. 29, 2024

STOCK PLANS, Stock Options (Det

STOCK PLANS, Stock Options (Details) - Stock Options [Member] - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock options, number of shares [Roll Forward]
Balance, beginning of period (in shares)	642,779
Granted (in shares)	0
Expired (in shares)	0
Cancelled / Forfeited (in shares)	0
Exercised (in shares)	(20,028)
Balance, end of period (in shares)	622,751
Exercisable (vested) at end of period (in shares)	599,067
Stock options, weighted average exercise price [Roll Forward]
Balance, beginning of period (in dollars per share)	$ 8.4
Granted (in dollars per share)	0
Expired (in dollars per share)	0
Cancelled / Forfeited (in dollars per share)	0
Exercised (in dollars per share)	4.64
Balance, end of period (in dollars per share)	8.52
Exercisable (vested) at end of period (in dollars per share)	$ 8.49
Stock options, additional disclosures [Abstract]
Outstanding, aggregate intrinsic value	$ 435,548
Exercisable (vested), aggregate intrinsic value	$ 435,548
Outstanding, weighted average remaining contractual term	4 years 7 months 2 days
Exercisable (vested), weighted average remaining contractual term	4 years 5 months 15 days
Intrinsic value of options exercised	$ 73,000	$ 97,000
Fair value of awards vested	88,000	$ 123,000
Unrecognized compensation related to non-vested stock options	$ 50,000
Unrecognized compensation cost, period for recognition	1 year 7 months 20 days
Recognized compensation cost	$ 17,000

STOCK PLANS, Restricted Stock (

STOCK PLANS, Restricted Stock (Details) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Non-vested restricted stock awards, number of shares [Roll Forward]
Outstanding at beginning of period (in shares) | shares	274,268
Granted (in shares) | shares	79,576
Cancelled / Forfeited (in shares) | shares	(19,212)
Exercised / Released / Vested (in shares) | shares	(45,074)
Outstanding at end of period (in shares) | shares	289,558
Non-vested restricted stock awards, weighted average grant-date fair value [Roll Forward]
Outstanding at beginning of period (in dollars per share) | $ / shares	$ 8.72
Granted (in dollars per share) | $ / shares	8.29
Cancelled/Forfeited (in dollars per share) | $ / shares	8.77
Exercised / Released / Vested (in dollars per share) | $ / shares	9.21
Outstanding at end of period (in dollars per share) | $ / shares	$ 8.52
Non-vested restricted stock awards, additional disclosures [Abstract]
Outstanding, aggregate intrinsic value | $	$ 2,617,604
Outstanding, weighted average remaining contractual term	2 years 10 months 17 days
Unrecognized compensation related to restricted stock | $	$ 1,383,000
Unrecognized compensation cost, period for recognition	2 years 10 months 17 days
Recognized compensation cost | $	$ 274,000

STOCK PLANS, Employee Stock Pur

STOCK PLANS, Employee Stock Purchase Plan ("ESPP") (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Jan. 25, 2024	Mar. 31, 2024
2024 Q1 Dividend [Member]
Employee Stock Purchase Plan [Abstract]
Stock dividend percentage	5%
Dividends, date declared		Jan. 25, 2024
Dividends, date to be paid		Mar. 25, 2024
Dividends, date of record		Feb. 29, 2024
Employee Stock Purchase Plan [Member]
Employee Stock Purchase Plan [Abstract]
Unrecognized compensation cost		$ 26
Weighted average period to recognize the unrecognized compensation		9 months
Recognized compensation cost		$ 5
Weighted average fair value option at issuance date (in dollars per share)		$ 2.14
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk free interest rate		5.27%
Expected dividend yield		0%
Expected life		1 year
Expected price volatility		25.96%
2016 Amended Employee Stock Purchase Plan [Member]
Employee Stock Purchase Plan [Abstract]
Shares authorized for issuance under plan (in shares)		376,856
Purchase price of stock in percentage for participation		85%
2016 Amended Employee Stock Purchase Plan [Member] | Minimum [Member]
Employee Stock Purchase Plan [Abstract]
Eligibility employment period required for plan participation		90 days
2016 Amended Employee Stock Purchase Plan [Member] | Maximum [Member]
Employee Stock Purchase Plan [Abstract]
Plan participation period		27 months
Percentage of employee compensation that can be withheld to purchase common stock		10%

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Activity in accumulated other comprehensive income (loss) [Roll Forward]
Balance	$ 159,245	$ 125,040
Current period other comprehensive income (loss)	(1,461)	6,013
Balance	162,349	135,785
Accumulated Other Comprehensive Income (Loss) [Member]
Activity in accumulated other comprehensive income (loss) [Roll Forward]
Balance	(33,727)	(46,528)
Current period other comprehensive income (loss)	(1,461)	6,013
Balance	(35,188)	(40,515)
Unrealized Gains (Losses) on Securities [Member]
Activity in accumulated other comprehensive income (loss) [Roll Forward]
Balance	(33,778)	(46,273)
Current period other comprehensive income (loss)	(1,461)	6,013
Balance	(35,239)	(40,260)
Officers' Retirement Plan [Member]
Activity in accumulated other comprehensive income (loss) [Roll Forward]
Balance	(70)	(308)
Current period other comprehensive income (loss)	0	0
Balance	(70)	(308)
Directors' Retirement Plan [Member]
Activity in accumulated other comprehensive income (loss) [Roll Forward]
Balance	121	53
Current period other comprehensive income (loss)	0	0
Balance	$ 121	$ 53

OUTSTANDING SHARES AND EARNIN_3

OUTSTANDING SHARES AND EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
	Jan. 25, 2024	Mar. 31, 2024	Mar. 31, 2023
Basic earnings per share [Abstract]
Net income		$ 4,276	$ 5,489
Weighted average common shares outstanding (in shares)		15,232,761	15,149,823
Basic EPS (in dollars per share)		$ 0.28	$ 0.36
Diluted earnings per share [Abstract]
Net income		$ 4,276	$ 5,489
Weighted average common shares outstanding (in shares)		15,232,761	15,149,823
Effect of dilutive shares (in shares)		160,025	141,923
Adjusted weighted average common shares outstanding (in shares)		15,392,786	15,291,746
Diluted EPS (in dollars per share)		$ 0.28	$ 0.36
2024 Q1 Dividend [Member]
Dividends [Abstract]
Dividends, date declared		Jan. 25, 2024
Stock dividend percentage	5%
Dividends, date to be paid		Mar. 25, 2024
Dividends, date of record		Feb. 29, 2024
Stock Options [Member]
Antidilutive Securities [Abstract]
Antidilutive securities excluded from EPS computation (in shares)		538,671	538,711
Restricted Stock [Member]
Antidilutive Securities [Abstract]
Antidilutive securities excluded from EPS computation (in shares)		7,803	32,743

LEASES (Details)

LEASES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) Location	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Lessee, Operating Lease, Description [Abstract]
Number of branch and administrative locations leased | Location	11
Lease right-of-use assets	$ 3,800		$ 4,073
Lease liabilities	4,313		4,585
Lease expense	301	$ 308
Maturities of Remaining Lease Liabilities [Abstract]
2024 (remaining 9 months)	741
2025	1,051
2026	672
2027	611
2028	625
2029 and thereafter	895
Total lease payments	4,595
Less: interest	(282)
Present value of lease liabilities	4,313		$ 4,585
Cash paid for amounts included in the measurement of lease liabilities [Abstract]
Operating cash flows from operating leases	299	313
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 0	$ 245
Weighted Average Operating Lease Term and Discount Rate [Abstract]
Weighted-average remaining lease term - operating leases, in years	5 years 3 months 25 days		5 years 5 months 4 days
Weighted-average discount rate - operating leases	2.41%		2.42%
Minimum [Member]
Lessee, Operating Lease, Description [Abstract]
Renewal lease term	3 years
Maximum [Member]
Lessee, Operating Lease, Description [Abstract]
Renewal lease term	10 years