New Peoples Bankshares (NWPP) 10-K 14 Apr 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Mar. 27, 2020	Jun. 30, 2019
Document And Entity Information
Entity Registrant Name	NEW PEOPLES BANKSHARES INC
Entity Central Index Key	0001163389
Document Type	10-K
Entity File Number	000-33411
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	VA
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Shell Company	false
Entity Public Float			$ 20,326,751
Entity Common Stock, Shares Outstanding		23,922,086
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2019

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 13,998	$ 12,245
Interest-bearing deposits with banks	35,897	15,664
Federal funds sold	252	264
Total Cash and Cash Equivalents	50,147	28,173
Investment securities available-for-sale	50,649	59,407
Loans held for sale	2
Loans receivable	562,544	547,096
Allowance for loan losses	(5,368)	(5,336)
Net Loans	557,176	541,760
Bank premises and equipment, net	22,242	24,195
Other real estate owned	3,393	5,937
Accrued interest receivable	2,115	1,934
Deferred taxes, net	4,576	5,476
Right-of-use assets - operating leases	5,835	4,942
Other assets	10,238	10,318
Total Assets	706,373	682,142
Deposits
Noninterest bearing	170,782	164,298
Interest-bearing	450,695	431,694
Total Deposits	621,477	595,992
Borrowed funds	21,496	27,126
Lease liabilities - operating leases	5,835	4,942
Accrued interest payable	694	587
Accrued expenses and other liabilities	2,269	2,245
Total Liabilities	651,771	630,892
Commitments and Contingent Liabilities (Notes 19 and 20)
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,922,086 and 23,922,086 shares issued and outstanding at December 31, 2019 and 2018, respectively	47,844	47,844
Additional paid-in capital	14,570	14,570
Retained deficit	(7,869)	(9,928)
Accumulated other comprehensive income (loss)	57	(1,236)
Total Stockholders' Equity	54,602	51,250
Total Liabilities and Stockholders' Equity	$ 706,373	$ 682,142

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	23,922,086	23,922,086
Common stock, outstanding	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
INTEREST AND DIVIDEND INCOME
Loans including fees		$ 28,601	$ 26,375
Federal funds sold		5	4
Interest-earning deposits with banks		805	379
Investments		1,388	1,559
Dividends on equity securities (restricted)		156	155
Total Interest and Dividend Income		30,955	28,472
INTEREST EXPENSE
Deposits		5,105	3,344
Borrowed funds		874	921
Total Interest Expense		5,979	4,265
NET INTEREST INCOME		24,976	24,207
PROVISION FOR LOAN LOSSES		2,050	252
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES		22,926	23,955
NONINTEREST INCOME
Service charges and fees		3,605	3,703
Card Processing and interchange income		3,014	2,809
Insurance and investment fees		663	603
Gain on sale and leaseback transaction	[1]	803
Other noninterest income		567	492
Total Noninterest Income		8,652	7,607
NONINTEREST EXPENSES
Salaries and employee benefits		14,106	14,203
Occupancy and equipment expenses		4,514	5,156
Data processing and telecommunications		2,541	2,749
Other operating expenses		7,836	8,386
Total Noninterest Expenses		28,997	30,494
INCOME BEFORE INCOME TAXES		2,581	1,068
INCOME TAX EXPENSE		522	149
NET INCOME		$ 2,059	$ 919
Income Per Share
Basic and Diluted (in dollars per share)		$ 0.09	$ 0.04
Average Weighted Shares of Common Stock
Basic and Diluted (in shares)		23,922,086	23,922,086
[1]	Not within the scope of ASU 2014-9

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Consolidated Statements Of Comprehensive Income Loss
NET INCOME	$ 2,059	$ 919
Investment securities activity:
Unrealized gains (losses) arising during the year	1,636	(813)
Tax related to unrealized (gains) losses	(343)	171
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	1,293	(642)
TOTAL COMPREHENSIVE INCOME	$ 3,352	$ 277

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2017	$ 47,844	$ 14,570	$ (10,847)	$ (594)	$ 50,973
Balance,(in shares) at Dec. 31, 2017	23,922
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					80
Balance at Mar. 31, 2018					50,231
Balance at Dec. 31, 2017	$ 47,844	14,570	(10,847)	(594)	50,973
Balance,(in shares) at Dec. 31, 2017	23,922
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			919		919
Other comprehensive loss, net of tax				(642)	(642)
Balance at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	$ 51,250
Balance,(in shares) at Dec. 31, 2018	23,922				23,922,086
Balance at Mar. 31, 2018					$ 50,231
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					(49)
Balance at Jun. 30, 2018					50,019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					208
Balance at Sep. 30, 2018					49,905
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					680
Balance at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	$ 51,250
Balance,(in shares) at Dec. 31, 2018	23,922				23,922,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					$ 406
Balance at Mar. 31, 2019					52,026
Balance at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	$ 51,250
Balance,(in shares) at Dec. 31, 2018	23,922				23,922,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			2,059		$ 2,059
Other comprehensive loss, net of tax				1,293	1,293
Balance at Dec. 31, 2019	$ 47,844	14,570	(7,869)	57	$ 54,602
Balance,(in shares) at Dec. 31, 2019	23,922				23,922,086
Balance at Mar. 31, 2019					$ 52,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					345
Balance at Jun. 30, 2019					53,179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					876
Balance at Sep. 30, 2019					54,206
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					432
Balance at Dec. 31, 2019	$ 47,844	$ 14,570	$ (7,869)	$ 57	$ 54,602
Balance,(in shares) at Dec. 31, 2019	23,922				23,922,086

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net income		$ 2,059	$ 919
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		2,311	2,626
Provision for loan losses		2,050	252
Income on bank owned life insurance		(63)	(57)
Gain on sale of mortgage loans		(138)
Gain on sale and leaseback transactions	[1]	(803)
Loss on sale of premises and equipment		1	46
Loss on sale of foreclosed real estate		123	135
Loans originated for sale		(7,937)
Proceeds from sales of loans originated for sale		12,432
Adjustment of carrying value of foreclosed real estate		214	542
Amortization/accretion of bond premiums/discounts		528	644
Deferred tax expense (benefit)		556	195
Net change in:
Interest receivable		(181)	102
Other assets		265	51
Accrued interest payable		107	161
Accrued expenses and other liabilities		24	(1,215)
Net Cash Provided by Operating Activities		11,548	4,401
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans		(19,632)	(37,893)
Proceeds from the sale of loans			1,543
Purchase of securities available-for-sale		(790)	(967)
Proceeds from repayments and maturities of securities available-for-sale		10,657	11,190
Net (purchase) sale of equity securities (restricted)		(14)	21
Payments for the purchase of premises and equipment		(1,550)	(1,647)
Proceeds from sale and leaseback transactions		550
Proceeds from sale of premises and equipment		9	895
Proceeds from insurance claims on other real estate owned		19
Proceeds from sales of other real estate owned		1,322	1,405
Net Cash Used in Investing Activities		(9,429)	(25,453)
CASH FLOWS FROM FINANCING ACTIVIES
Net change in short term borrowings		(5,630)	3,072
Net change in non-interest bearing deposits		6,484	9,667
Net change in interest bearing deposits		19,001	3,781
Net Cash Provided by Financing Activities		19,855	16,520
Net increase (decrease) in cash and cash equivalents		21,974	(4,532)
Cash and Cash Equivalents, Beginning of the Year		28,173	32,705
Cash and Cash Equivalents, End of the Year		50,147	28,173
Supplemental Disclosure of Cash Paid During the Year for:
Interest		5,872	4,104
Taxes		(34)	320
Supplemental Disclosure of Non Cash Transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities		1,232
Transfer of loans to loans held for sale		4,359
Loan made to finance sale of premises and equipment		752
Other real estate acquired in settlement of foreclosed loans		811	1,719
Loans made to finance sale of foreclosed real estate		2,360	569
Transfer of premises and equipment to other real estate		683
Change in unrealized gains (losses) on securities available for sale		$ 1,637	$ (813)
[1]	Not within the scope of ASU 2014-9

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS Nature of Operations –

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation Use of Estimates - Cash and Cash Equivalents Investment Securities The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold, using the specific identification method. Realized gains (losses) on securities available-for-sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to other comprehensive income, net of tax, whereas realized gains and losses flow through the statements of income. Loans – It is the Company’s policy to stop accruing interest on a loan, and classify that loan as non-accrual under the following circumstances: (a) whenever we are advised by the borrower that scheduled payment or interest payments cannot be met, (b) when our best judgment indicates that payment in full of principal and interest can no longer be expected, or (c) when any such loan or obligation becomes delinquent for 90 days unless it is both well secured and in the process of collection. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, except in the case of a nonaccrual loan that is well secured and in the process of collection, in which case, the interest accrued but not collected is not reversed. The interest on these loans is accounted for on the cash basis or cost-recovery method, until qualifying for return to accrual. Generally, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, six consecutive timely payments are made, and prospects for future contractual payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Significant Group Concentrations of Credit Risk – Allowance for Loan Losses – The allowance is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries. Loans are charged against the allowance for loan losses when management believes that collectability of all or part of the principal is unlikely. Past due status is determined based on contractual terms. In regard to our consumer and consumer real estate loan portfolio, the Company uses the guidance found in the Uniform Retail Credit Classification and Account Management Policy which affects our estimate of the allowance for loan losses. Under this approach, a consumer or consumer real estate loan must initially have a credit risk grade of Pass or better. Subsequently, if the loan becomes contractually 90 days past due or the borrower files for bankruptcy protection, the loan is downgraded to Substandard and placed in nonaccrual status. If the loan is unsecured, upon being deemed Substandard, the entire loan amount is charged off. For non 1-4 family residential loans that are 90 days past due or greater, or in bankruptcy, the collateral value less estimated liquidation costs is compared to the loan balance to calculate any potential deficiency. If the collateral is sufficient then no charge-off is necessary. If a deficiency exists, then upon the loan becoming contractually 120 days past due, the deficiency is charged-off against the allowance for loan loss. In the case of 1-4 family residential or home equity loans, upon the loan becoming 120 days past due, a current value is obtained and after application of an estimated liquidation discount, a comparison is made to the loan balance to calculate any deficiency. Subsequently, any noted deficiency is then charged-off against the allowance for loan loss when the loan becomes contractually 180 days past due. If the customer has filed bankruptcy, then within 60 days of the bankruptcy notice, any calculated deficiency is charged-off against the allowance for loan loss. Collection efforts continue by means of repossessions or foreclosures, and upon bank ownership, liquidation ensues. Other Real Estate Owned Bank Premises and Equipment Type Estimated useful life Buildings 39 years Paving and landscaping 15 years Computer equipment and software 3 to 5 years Vehicles 5 years Furniture and other equipment 5 to 10 years Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Repairs and maintenance costs are recorded as a component of noninterest expense as incurred. Income Taxes The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. See Note 10, Income Taxes, for additional information. The Company records any penalties and interest attributed to uncertain tax positions as a component of income tax expenses. Income Per Share Financial Instruments – Off-balance-sheet instruments Financial Instruments – Fair Value Comprehensive Income (Loss) Revenue from Contracts with Customers - “ Advertising Cost Reclassification Subsequent Events

INCOME PER SHARE

INCOME PER SHARE	12 Months Ended
	Dec. 31, 2019
Income Per Share
INCOME PER SHARE	NOTE 3 INCOME PER SHARE Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. Potential common shares that may be issued relate to outstanding common stock warrants and are determined by the Treasury Method. For the years ended December 31, 2019 and 2018, there were no potential common shares. Basic and diluted net income per common share calculations follows: (Amounts in thousands, except For the years ended share and per share data) December 31, 2019 2018 Net income $ 2,059 $ 919 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average dilutive shares outstanding 23,992,086 23,992,086 Basic and diluted income per share $ 0.09 $ 0.04

DEPOSITS IN AND FEDERAL FUNDS S

DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS	NOTE 4 DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS The Bank had federal funds sold and cash on deposit with other commercial banks amounting to $36.1 million and $15.9 million at December 31, 2019 and 2018, respectively. Deposit amounts at other commercial banks may, at times, exceed federally insured limits. The Bank is required to maintain average reserve balances, computed by applying prescribed percentages to its various types of deposits, either at the Bank or on deposit with the Federal Reserve Bank of Richmond (the Federal Reserve Bank). At December 31, 2019 and 2018, all required reserves were met by the Bank’s vault cash. The Bank has a total of $20.0 million in unsecured fed funds lines of credit facilities from three correspondent banks that were available at both December 31, 2019 and 2018. Of these total commitments, all were available at December 31, 2019 and $16.37 million was available at December 31, 2018. A condition for $5.0 million of the unsecured fed funds line of credit is that the Bank agreed to maintain a minimum deposit balance with this correspondent bank of $200 thousand. As of December 31, 2019 and 2018, the Bank was in compliance with this requirement.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2019
Investment securities activity:
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES The amortized cost and estimated fair value of securities (all available-for-sale) as of December 31, 2019 and December 31, 2018 are as follows: Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2019 U.S. Government Agencies $ 15,703 $ 57 $ 127 $ 15,633 Taxable municipals 4,389 54 1 4,442 Corporate bonds 5,408 115 - 5,523 Mortgage backed securities 25,077 111 137 25,051 Total Securities available for sale $ 50,577 $ 337 $ 265 $ 50,649 December 31, 2018 U.S. Government Agencies $ 19,755 $ 26 $ 392 $ 19,389 Taxable municipals 4,428 - 115 4,313 Corporate bonds 5,422 47 149 5,320 Mortgage backed securities 31,366 11 992 30,385 Total Securities available for sale $ 60,971 $ 84 $ 1,648 $ 59,407 The following table details unrealized losses and related fair values in the available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2019 and December 31, 2018. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized December 31, 2019 U.S. Government Agencies $ 6,788 $ 46 $ 4,516 $ 81 $ 11,304 $ 127 Taxable municipals 1,049 1 - - 1,049 1 Corporate bonds - - - - - - Mtg. backed securities 1,586 4 12,002 133 13,588 137 Total Securities AFS $ 9,423 $ 51 $ 16,518 $ 214 $ 25,941 $ 265 December 31, 2018 U.S. Government Agencies $ 5,013 $ 68 $ 11,585 $ 324 $ 16,598 $ 392 Taxable municipals - - 4,049 115 4,049 115 Corporate bonds 1,713 43 1,423 106 3,136 149 Mtg. backed securities 165 2 29,245 990 29,410 992 Total Securities AFS $ 6,891 $ 113 $ 46,302 $ 1,535 $ 53,193 $ 1,648 At December 31, 2019, the available-for-sale portfolio included 100 investments for which the fair market value was less than amortized cost. At December 31, 2018, the available-for-sale portfolio included 137 investments for which the fair market value was less than amortized cost. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial conditions and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Based on the Company’s analysis, the Company concluded that no securities had an other-than-temporary impairment at December 31, 2019 or December 31, 2018. Investment securities with a carrying value of $6.9 million and $8.0 million at December 31, 2019 and 2018, respectively, were pledged to secure public deposits and for other purposes required by law. No investment securities were sold during 2019 or 2018. The amortized cost and fair value of investment securities at December 31, 2019, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Also, actual maturities may differ from scheduled maturities on amortizing securities, such as mortgage-back securities and collateralized mortgage obligations, because the underlying collateral on these types of securities may be repaid prior to the scheduled maturity date. Weighted (Dollars are in thousands) Amortized Fair Average Securities Available for Sale Cost Value Yield Due in one year or less $ - $ - -% Due after one year through five years 4,710 4,752 2.53% Due after five years through ten years 13,211 13,295 3.39% Due after ten years 32,656 32,602 2.42% Total $ 50,577 $ 50,649 2.68% The Bank, as a member of the Federal Reserve Bank and the Federal Home Loan Bank of Atlanta (FHLB), is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities are restricted from trading and are recorded at a cost of $2.6 million and $2.5 million as of December 31, 2019 and 2018, respectively. The stock has no quoted market value and no ready market exists.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans receivable outstanding at December 31, are summarized as follows: (Dollars are in thousands) 2019 2018 Real estate secured: Commercial $ 170,436 $ 140,862 Construction and land development 31,130 35,119 Residential 1-4 family 242,922 249,946 Multifamily 13,638 13,496 Farmland 20,790 22,114 Total real estate loans 478,916 461,537 Commercial 53,994 55,157 Agriculture 4,797 5,266 Consumer installment loans 23,127 24,538 All other loans 1,710 598 Total loans $ 562,544 $ 547,096 Loans receivable on nonaccrual status at December 31, are summarized as follows: (Dollars are in thousands) 2019 2018 Real estate secured: Commercial $ 1,601 $ 784 Construction and land development 45 157 Residential 1-4 family 2,544 3,626 Multifamily — 76 Farmland 531 1,657 Total real estate loans 4,721 6,300 Commercial 390 61 Consumer installment and other loans 45 8 Total loans receivable on nonaccrual status $ 5,156 $ 6,369 Total interest income not recognized on nonaccrual loans for 2019 and 2018 was $714 thousand and $500 thousand, respectively. In 2019, $4.4 million of non-performing and under-performing real estate loans were sold resulting in $113 thousand of charge-offs and $57 thousand of recoveries processed through the allowance for loan losses. In 2018, four nonperforming or under performing loans totaling $1.9 million were sold to further reduce the level of nonaccrual loans with proceeds of $1.5 million received. Charge offs of $365 thousand associated with these accounts were realized and fully absorbed by the allowance for loan losses during 2018. The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2019 and December 31, 2018: As of December 31, 2019 (Dollars are in thousands) Average Interest Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 2,017 $ 100 $ 2,416 $ 2,478 $ - Construction and land development 91 7 70 346 - Residential 1-4 family 1,944 55 1,263 1,460 - Multifamily 29 1 - - - Farmland 1,143 47 778 970 - Commercial 578 11 128 178 - Agriculture - - - 1 - Consumer installment loans 2 - - - - All other loans - - - - - With an allowance recorded: Real estate secured: Commercial 470 1 363 379 70 Construction and land development - - - - - Residential 1-4 family 302 - 55 60 44 Multifamily - - - - - Farmland 221 11 216 228 9 Commercial 507 7 286 886 200 Agriculture - - - - - Consumer installment loans 3 - - - - All other loans - - - - - Total $ 7,307 $ 240 $ 5,575 $ 6,986 $ 323 As of December 31, 2018 (Dollars are in thousands) Average Interest Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 2,556 $ 95 $ 1,887 $ 1,941 $ - Construction and land development 199 1 114 379 - Residential 1-4 family 3,159 175 2,880 3,168 - Multifamily 146 6 75 117 - Farmland 1,551 54 1,693 1,880 - Commercial 132 1 - - - Agriculture 3 - - - - Consumer installment loans 2 - - - - All other loans - - - - - With an allowance recorded: Real estate secured: Commercial 1,214 16 435 539 40 Construction and land development - - - - - Residential 1-4 family 399 16 431 454 132 Multifamily - - - - - Farmland 361 - 345 358 132 Commercial 256 3 109 109 13 Agriculture - - - - - Consumer installment loans 6 1 7 7 1 All other loans - - - - - Total $ 9,984 $ 368 $ 7,976 $ 8,952 $ 318 An age analysis of past due loans receivable is below. At December 31, 2019 and 2018, there were no loans over 90 days past due that were accruing. As of December 31, 2019 (Dollars are in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 502 $ 125 $ 262 $ 889 $ 169,547 $ 170,436 Construction and land 50 18 18 86 31,044 31,130 Residential 1-4 family 3,700 1,096 710 5,506 237,416 242,922 Multifamily 262 - - 262 13,376 13,638 Farmland 111 47 152 310 20,480 20,790 Total real estate loans 4,625 1,286 1,142 7,053 471,863 485,916 Commercial 406 - 323 729 53,265 53,994 Agriculture 244 - 21 265 4,532 4,797 Consumer installment 98 24 23 145 22,982 23,127 All other loans - - - - 1,710 1,710 Total loans $ 5,373 $ 1,310 $ 1,509 $ 8,192 $ 554,352 $ 562,544 As of December 31, 2018 (Dollars are in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 80 $ 31 $ 137 $ 248 $ 140,614 $ 140,862 Construction and land 70 - 27 97 35,022 35,119 Residential 1-4 family 3,468 564 525 4,557 245,389 249,946 Multifamily - 273 — 273 13,223 13,496 Farmland 316 — 1090 1,406 20,708 22,114 Total real estate loans 3,934 868 1,779 6,581 454,956 461,537 Commercial 68 - 61 129 55,028 55,157 Agriculture 22 - - 22 5,244 5,266 Consumer installment 74 15 - 89 24,449 24,538 All other loans - — - - 598 598 Total loans $ 4,098 $ 883 $ 1,840 $ 6,821 $ 540,275 $ 547,096 The Company categorizes loans receivable into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans and leases individually by classifying the loans receivable as to credit risk. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. There was one loan categorized as doubtful at December 31, 2019 and none at December 31, 2018. Based on the most recent analysis performed, the risk category of loans receivable was as follows: As of December 31, 2019 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 165,570 $ 3,265 $ 1,601 $ - $ 170,436 Construction and land development 30,747 360 23 - 31,130 Residential 1-4 family 239,210 1,207 2,505 - 242,922 Multifamily 13,638 - - - 13,638 Farmland 18,779 1,480 531 - 20,790 Total real estate loans 467,944 6,312 4,660 - 478,916 Commercial 51,086 2,504 118 286 53,994 Agriculture 4,753 4 40 - 4,797 Consumer installment loans 23,087 12 28 - 23,127 All other loans 1,710 - - - 1,710 Total $ 548,580 $ 8,832 $ 4,846 $ 286 $ 562,544 As of December 31, 2018 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 137,146 $ 2,890 $ 826 $ - $ 140,862 Construction and land development 34,231 718 170 - 35,119 Residential 1-4 family 243,950 1,523 4,473 - 249,946 Multifamily 13,357 63 76 - 13,496 Farmland 18,126 2,331 1,657 - 22,114 Total real estate loans 446,810 7,525 7,202 - 461,537 Commercial 52,156 2,940 61 - 55,157 Agriculture 5,255 10 1 - 5,266 Consumer installment loans 24,493 35 10 - 24,538 All other loans 598 - - - 598 Total $ 529,312 $ 10,510 $ 7,274 $ - $ 547,096

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 7 ALLOWANCE FOR LOAN LOSSES The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. As of December 31, 2019 (Dollars are in thousands) Beginning Charge Recoveries Provisions Ending Real estate secured: Commercial $ 1,386 $ (192 ) $ 16 $ 38 $ 1,248 Construction and land development 202 - 34 (78 ) 158 Residential 1-4 family 2,437 (336 ) 202 (567 ) 1,736 Multifamily 89 - 30 (15 ) 104 Farmland 287 (33 ) 29 (174 ) 109 Total real estate loans 4,401 (561 ) 311 (796 ) 3,355 Commercial 448 (1,762 ) 61 3,042 1,789 Agriculture 37 (17 ) 2 5 27 Consumer installment loans 172 (114 ) 62 68 188 All other loans 3 - - 4 7 Unallocated 275 - - (273 ) 2 Total $ 5,336 $ (2,454 ) $ 436 $ 2,050 $ 5,368 Allowance for Loan Losses Recorded Investment in Loans (Dollars are in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate secured: Commercial $ 70 $ 1,178 $ 1,248 $ 2,779 $ 167,657 $ 170,436 Construction and land development - 158 158 70 31,060 31,130 Residential 1-4 family 44 1,692 1,736 1,318 241,604 242,922 Multifamily - 104 104 - 13,638 13,638 Farmland 9 100 109 994 19,796 20,790 Total real estate loan 123 3,232 3,355 5,161 473,755 478,916 Commercial 200 1,589 1,789 414 53,580 53,994 Agriculture - 27 27 - 4,797 4,797 Consumer installment loans - 188 188 - 23,127 23,127 All other loans - 7 7 - 1,710 1,710 Unallocated - 2 2 - - - Total $ 323 $ 5,045 5,368 $ 5,575 $ 556,969 $ 562,544 The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2018. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. As of December 31, 2018 (Dollars are in thousands) Beginning Charge Recoveries Provisions Ending Real estate secured: Commercial $ 1,989 $ (334 ) $ 73 $ (342 ) $ 1,386 Construction and land development 191 (96 ) 11 96 202 Residential 1-4 family 2,400 (290 ) 73 254 2,437 Multifamily 106 - - (17 ) 89 Farmland 415 (58 ) 72 (142 ) 287 Total real estate loans 5,101 (778 ) 229 (151 ) 4,401 Commercial 660 (617 ) 84 321 448 Agriculture 20 - 1 16 37 Consumer installment loans 156 (75 ) 44 47 172 All other loans 3 - - - 3 Unallocated 256 - - 19 275 Total $ 6,196 $ (1,470 ) $ 358 $ 252 $ 5,336 Allowance for Loan Losses Recorded Investment in Loans As of December 31, 2018 (Dollars are in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 40 $ 1,346 $ 1,386 $ 2,322 $ 138,540 $ 140,862 Construction and land development - 202 202 114 35,005 35,119 Residential 1-4 family 132 2,305 2,437 3,311 246,635 249,946 Multifamily - 89 89 75 13,421 13,496 Farmland 132 155 287 2,038 20,076 22,114 Total real estate loans 304 4,097 4,401 7,860 453,677 461,537 Commercial 13 435 448 109 55,048 55,157 Agriculture - 37 37 - 5,266 5,266 Consumer installment loans 1 171 172 7 24,531 24,538 All other loans - 3 3 - 598 598 Unallocated - 275 275 - - - Total $ 318 $ 5,018 5,336 $ 7,976 $ 539,120 $ 547,096 In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision.

TROUBLED DEBT RESTRUCTURINGS

TROUBLED DEBT RESTRUCTURINGS	12 Months Ended
	Dec. 31, 2019
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS At December 31, 2019, loans classified as troubled debt restructurings totaled $4.3 million compared to $5.4 million at December 31, 2018. The following table presents information related to loans modified as troubled debt restructurings during the years ended December 31, 2019 and 2018. December 31, 2019 December 31, 2018 (Dollars are in thousa # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment Real estate secured: Commercial 1 $ 150 $ 150 - $ - $ - Construction and land Development - - - - - - Residential 1-4 family - - - - - - Multifamily - - - - - - Farmland 1 305 305 - - - Total real estate loans 2 455 455 - - - Commercial - - - - - - Agriculture - - - - - - Consumer installment loans - - - - - - All other loans - - - - - - Total 2 $ 455 $ 455 - $ - $ - During the year ended December 31, 2019, the Company modified the terms of two loans for which the modification was considered to be a troubled debt restructuring. The interest rate was not modified on these loans; however, the payment terms and maturity date were changed. During the year ended December 31, 2018, the Company did not modify any loans that were considered to be troubled debt restructurings. Two loans modified as troubled debt restructurings defaulted during the year ended December 31, 2019. No loans modified as troubled debt restructurings defaulted during the year ended December 31, 2018. Generally, a troubled debt restructuring is considered to be in default once it becomes 90 days or more past due following a modification. When determining the level of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings in its estimate. The Company evaluates all troubled debt restructurings for possible further impairment. As a result, the allowance may be increased, adjustments may be made in the allocation of the allowance, or charge-offs may be taken to further write down the carrying value of the loan.

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
BANK PREMISES AND EQUIPMENT	NOTE 9 BANK PREMISES AND EQUIPMENT Depreciation expense for 2019 and 2018 was $2.3 million and $2.6 million, respectively. Bank premises and equipment at December 31, 2019 and 2018 are summarized as follows: (Dollars are in thousands) 2019 2018 Land $ 7,485 $ 7,904 Buildings and improvements 16,227 17,642 Furniture and equipment 16,253 16,418 Construction in progress 1,003 — 40,968 41,964 Less accumulated depreciation (18,726 ) (17,769 ) Bank Premises and Equipment $ 22,242 $ 24,195 As presented in Note 17 Leasing Activities, in September 2019, the Bank entered into a sale and leaseback transaction for its branch office located in Lebanon, Virginia. In December 2019, the former branch office located in Norton, Virginia, with a recorded balance of $683 thousand, was transferred to Other Real Estate Owned.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 INCOME TAXES The Company files a consolidated federal income tax return. The following summarizes the provision for income taxes and the related deferred tax components for the years ended December 31, 2019 and 2018. The source of pre-tax book income is summarized as follows for the years ended December 31: (Dollars are in thousands) 2019 2018 Pre-tax book income Domestic $ 2,581 $ 1,068 Total pre-tax book income $ 2,581 $ 1,068 Income tax expense is summarized as follows for the years ended December 31: (Dollars are in thousands) 2019 2018 Current income tax expense (benefit) Federal $ (35) $ (45) State - - Total current income tax expense (benefit) (35) (45) Deferred income tax expense Federal 557 194 State - - Total deferred income tax expense 557 194 Income tax expense $ 522 $ 149 The following table summarizes the differences between the actual income tax expense and the amounts computed using the federal statutory tax rate of 21% for years ending December 31, 2019 and 2018, respectively: (Dollars are in thousands) 2019 2018 Income tax expense (benefit) at the applicable federal rate $ 542 $ 224 Permanent differences resulting from: Nondeductible expenses 10 5 Tax exempt interest income (11 ) (17 ) Bank owned life insurance (13 ) (12 ) Other adjustments (6 ) (51 ) Income tax expense $ 522 $ 149 The net deferred tax assets and liabilities resulting from temporary differences as of December 31 are summarized as follows: (Dollars are in thousands) 2019 2018 Deferred Tax Assets Allowance for loan losses $ 1,127 $ 1,121 Deferred compensation 90 90 Nonaccrual loan interest 439 464 Other real estate owned 127 340 Amortization of core deposits 28 40 Amortization of goodwill 144 202 Capitalized interest and repair expense 23 24 Net operating loss carryforward 3,631 3,730 AMT carryforward 320 339 Unrealized loss on securities available for sale - 328 Total Assets, gross 5,929 6,678 Valuation allowance - - Total Assets, net 5,929 6,678 Deferred Tax Liabilities Accelerated depreciation 937 878 Accrued employee benefits 11 (6) Unrealized gain on securities available for sale 15 - Prepaid expenses 59 15 Deferred loan costs 331 315 Total Liabilities, gross 1,353 1,202 Net Deferred Tax Asset $ 4,576 $ 5,476 In accordance with applicable accounting guidance, the Company determined that it was not required to establish a valuation allowance for deferred tax assets as it is more likely than not that the deferred tax asset will be realized through future taxable income, future reversals of existing taxable temporary differences and tax strategies. The Company’s net deferred tax asset is recorded in the consolidated financial statements separately. At December 31, 2019 and 2018, the Company had no unrecognized tax benefits. The Company does not expect the total amount of unrecognized tax benefits to increase significantly over the next twelve months. The company recognizes interest and penalties as a component of income tax expense. The Company and Bank are subject to U. S. federal income tax, a capital based franchise tax in the Commonwealth of Virginia; and income and excise taxes in West Virginia and Tennessee, respectively, based on earnings realized from business activities within each state. Years prior to 2016 are no longer subject to examination by taxing authorities.

TIME DEPOSITS

TIME DEPOSITS	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
TIME DEPOSITS	NOTE 11 TIME DEPOSITS The aggregate amount of time deposits that meet or exceed the Federal Deposit Insurance Corporation (FDIC) Insurance limit of $250,000 was $36.2 million and $31.2 million at December 31, 2019 and 2018, respectively. We had no brokered time deposits at December 31, 2019 and $2.8 million as of December 31, 2018. At December 31, 2019, the scheduled maturities of time deposits are as follows (dollars are in thousands): 2020 $ 156,640 2021 49,058 2022 20,948 2023 19,611 2024 11,149 After five years - Total $ 257,406

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 RELATED PARTY TRANSACTIONS Officers, directors (and companies controlled by them), principal shareholders, and associates were customers of and had loan transactions with the Bank in the normal course of business. The following table summarizes these transactions, which were made on substantially the same terms as those prevailing for other customers and did not involve any abnormal risk. For the years ended December 31, (Dollars in thousands) 2019 2018 Beginning balance $ 2,553 $ 6,568 New loans and advances on lines 1,925 2,048 Payments and other reductions (2,021 ) (6,063 ) Ending balance $ 2,457 $ 2,553 Total related party deposits held at the Bank were $42.8 million and $23.4 million at the end of years 2019 and 2018, respectively. NPB Insurance Services, Inc. holds a 39% membership interest in Lonesome Pine Title Agency, LLC, which provides title insurance. Another member of the agency is a related party to the Company.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
RETIREMENT PLANS	NOTE 13 RETIREMENT PLANS The Company has established a qualified defined contribution plan that covers all full time employees. The Company matches employee contributions up to a maximum of 3% of their salary. The Company contributed $299 thousand and $318 thousand to the defined contribution plan for 2019 and 2018, respectively. The Bank maintains a salary continuation plan for key executives which was established in 2002 and is funded by single premium life insurance policies. Expenses related to the plan were $4 thousand and $4 thousand for the years ended December 31, 2019 and 2018, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 14 OTHER REAL ESTATE OWNED The following table summarizes the activity in other real estate owned for the years ended December 31, 2019 and 2018: 2019 2018 (Dollars are in thousands) Balance, beginning of year $ 5,937 $ 6,859 Additions 811 1,719 Transfers from premises and equipment 683 — Proceeds from sales (1,322 ) (1,405 ) Proceeds from insurance claims (19 ) — Loans made to finance sales (2,360 ) (569 ) Adjustment of carrying value (214 ) (542 ) Deferred gain from sales — 10 Losses from sales (123 ) (135 ) Balance, end of year $ 3,393 $ 5,937

BANK OWNED LIFE INSURANCE

BANK OWNED LIFE INSURANCE	12 Months Ended
	Dec. 31, 2019
Bank Owned Life Insurance
BANK OWNED LIFE INSURANCE	NOTE 15 BANK OWNED LIFE INSURANCE At December 31, 2019 and 2018, we had an aggregate total cash surrender value of $4.6 and $4.5 million, respectively, on life insurance policies covering current and former key officers Total income for the policies during 2019 and 2018 was $63 thousand and $57 thousand, respectively.

DIVIDEND LIMITATIONS ON SUBSIDI

DIVIDEND LIMITATIONS ON SUBSIDIARY BANK	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
DIVIDEND LIMITATIONS ON SUBSIDIARY BANK	NOTE 16 DIVIDEND LIMITATIONS ON SUBSIDIARY BANK A principal source of funds of the Company is dividends paid by the Bank. The Federal Reserve Act restricts the amount of dividends the Bank may pay. Approval by the Board of Governors of the Federal Reserve System is required if the dividends declared by a state member bank, in any year, exceed the sum of (1) net income of the current year and (2) income net of dividends for the preceding two years.

LEASING ACTIVITIES

LEASING ACTIVITIES	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
LEASING ACTIVITIES	NOTE 17 LEASING ACTIVITIES The Company adopted ASU 2016-02 (Topic 842) effective May 31, 2017, as the Bank entered into sale leaseback transactions for four branch office sites. In September 2019, the Bank entered into a sale leaseback transaction, with a non-affiliated third party, for its branch office located in Lebanon, Virginia for a total purchase price of $1.34 million. Net proceeds, after sales expenses of $42 thousand totaled $1.30 million and a gain of $803 thousand was recorded. The Bank provided financing to the purchaser, in the amount of $752 thousand, for a term of 5 years. In connection with this sale, the Bank entered into a lease agreement with the purchaser with an initial term of 15 years, with five 5 year renewal options. As of December 31, 2019, the Bank leases five branch offices and a loan production office. The lease agreements have maturity dates ranging from November 2020 to September 2034. It is assumed that there are currently no circumstances in which the leases would be terminated prior to expiration. The weighted average remaining life of the lease terms at December 31, 2019, was 12.84 years. The discount rate used in determining the lease liability for each individual lease was the FHLB fixed advance rate which corresponded to the lease term for each transaction. This methodology is expected to be used for any other subsequent lease agreements. The weighted average discount rate for the leases at December 31, 2019 was 3.16% The Company’s operating lease costs for the years ended December 31, 2019 and 2018, as a result of the transactions discussed above, was $505 thousand and $476 thousand, respectively. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At December 31, 2019, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2020 $ 534 2021 511 2022 530 2023 544 2024 546 Thereafter 4,528 Total lease payments 7,193 Less imputed interest 1,358 Total $ 5,835

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2019
Borrowed Funds
BORROWED FUNDS	NOTE 18 BORROWED FUNDS The following table presents the breakdown of borrowed funds as of December 31, 2019 and 2018 (Dollars in thousands): FHLB Revolving Advances Federal Funds Lines FHLB Term Loans Short-Term FHLB Term Loans Long-Term NPB Capital Trust I NPB Capital Trust 2 Total Balance December 31, 2019 $ — $ — — $ 5,000 11,341 5,155 $ 21,496 Highest balance at any month-end — — 2,000 5,000 11,341 5,155 Average weighted balance — 10 975 5,000 11,341 5,155 22,481 Average interest rate: Paid during the year — % 3.32 % 1.26 % 1.36 % 5.09 % 4.25 % 3.89 % At year-end -% -% -% 1.34 % 4.59 % 3.76 % 3.64 % Balance December 31, 2018 $ — $ 3,630 2,000 $ 5,000 11,341 5,155 $ 27,126 Highest balance at any month-end 12,000 3,630 2,000 7,000 11,341 5,155 Average weighted balance 2,367 109 1,159 5,975 11,341 5,155 26,106 Average interest rate: Paid during the year 2.19 % 2.80 % 1.43 % 1.28 % 4.96 % 4.08 % 3.53 % At year-end -% 3.28 % 0.99 % 1.34 % 5.04 % 4.21 % 3.67 % (a) - The Bank has the ability to borrow up to an additional $154.4 million from the FHLB under a line of credit which is secured by a blanket lien on residential real estate loans. The Bank had no overnight borrowings subject to daily rate changes from the FHLB at December 31, 2019 or 2018. We have used our line of credit with FHLB to issue letters of credit totaling $17.0 million to the Treasury Board of Virginia for collateral on public funds deposited in the Bank. No draws on the letters of credit have been issued. The letters of credit are considered draws on our FHLB line of credit. (b) - Federal funds lines consist of $20.0 million in unsecured federal funds line of credit facilities with correspondent banks as of both December 31, 2019 and 2018, exclusive of any outstanding balance. (c) - At December 31, 2019, there were no short-term FHLB advance borrowings outstanding. Short-term FHLB advances at December 31, 2018 consisted of $2.0 million at a fixed rate of 0.99% due in 2019. (d) - At December 31, 2019 and 2018, long term FHLB advances consisted of $5.0 million at a fixed rate of 1.34% due in 2021. (e) - TPS I - On July 7, 2004, the Company completed the issuance of $11.3 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust I (TPS I). The rate is determined quarterly and floats based on the 3 month LIBOR plus 260 basis points. TPS 2 - On September 27, 2006, the Company completed the issuance of $5.2 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust 2 (TPS 2). The rate is determined quarterly and floats based on the 3 month LIBOR plus 177 basis points. Under the terms of the subordinated debt transactions, the securities have 30-year maturities and are redeemable, in whole or in part, without penalty, at the option of the Company after five years of the issuance date, and on a quarterly basis thereafter. Following are maturities of borrowed funds at December 31, 2019 (dollars in thousands): 2020 - 2021 5,000 2022 - 2023 - 2024 - 2025 and thereafter 16,496 $ 21,496

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	NOTE 19 FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK In the normal course of business, the Bank has outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying consolidated financial statements. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Bank uses the same credit policies in making such commitments as it does for instruments that are included in the balance sheet. Financial instruments whose contract amount represents credit risk at December 31 were as follows: 2019 2018 (Dollars in thousands) Commitments to extend credit $ 59,552 $ 55,144 Standby letters of credit 2,582 2,798 Commitments to extend credit are agreements to lend to a customer at either a fixed or variable interest rate 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 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. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit.

LEGAL CONTINGENCIES

LEGAL CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
LEGAL CONTINGENCIES	NOTE 20 LEGAL CONTINGENCIES In the course of operations, we may become a party to legal proceedings. There are no pending or threatened legal proceedings to which the Company or any of its subsidiaries is a party or to which the property of the Company or any of its subsidiaries is subject that, in the opinion of management, may materially impact the financial condition of the Company. Items presented in prior periods have either been resolved in favor of the Company or have progressed to a point that any impact would be immaterial to the financial condition, operations or liquidity of the Company.

CAPITAL

CAPITAL	12 Months Ended
	Dec. 31, 2019
Capital [Abstract]
CAPITAL	NOTE 21 CAPITAL Capital Requirements and Ratios The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Board’s Small Bank Holding Company Policy Statement issued in February of 2015, and is no longer obligated to report consolidated regulatory capital. The Bank is subject to various capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk-weighted assets, Tier 1 capital to average assets, and Common Equity Tier 1 capital to risk-weighted assets. As of December 31, 2019, the Bank meets all capital adequacy requirements to which it is subject. The Bank’s actual capital amounts and ratios are presented in the following table as of December 31, 2019 and 2018, respectively. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2019: Total Capital to Risk Weighted Assets 72,109 14.83 % $ 38,910 8.0 % 48,637 10.0 % Tier 1 Capital to Risk Weighted Assets 66,741 13.72 % 29,182 6.0 % 38,910 8.0 % Tier 1 Capital to Average Assets 66,741 9.43 % 28,313 4.0 % 35,391 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 66,741 13.72 % 21,887 4.5 % 31,614 6.5 % December 31, 2018: Total Capital to Risk Weighted Assets 70,002 14.39 % $ 38,912 8.0 % 48,640 10.0 % Tier 1 Capital to Risk Weighted Assets 64,666 13.29 % 29,184 6.0 % 38,912 8.0 % Tier 1 Capital to Average Assets 64,666 9.59 % 26,960 4.0 % 33,700 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 64,666 13.29 % 21,888 4.5 % 31,616 6.5 % Accordingly, as of December 31, 2019 and 2018, the Bank was well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since such dates that management believes have changed the Bank’s category. The Bank is also subject to the rules implementing the Basel III capital framework and certain related provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The final rules require the Bank to comply with the following minimum capital ratios: (i) a Common Equity Tier 1 capital to risk-weighted assets ratio of at least 4.5%, plus a 2.5% “capital conservation buffer” (effectively resulting in a minimum Common Equity Tier 1 capital to risk-weighted assets ratio of 7%), (ii) a ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum Tier 1 capital ratio of 8.5%), (iii) a ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum total capital ratio of 10.5%), and (iv) a leverage ratio of 4%, calculated as the ratio of Tier 1 capital to average assets. The phase-in of the capital conservation buffer requirement began on January 1, 2016, at 0.625% of risk-weighted assets, increasing by the same amount each year until it was fully implemented at 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a Common Equity Tier 1 capital to risk-weighted assets ratio above the minimum but below the conservation buffer face constraints on dividends, equity repurchases, and compensation based on the amount of the shortfall. The Common Equity Tier 1 capital to risk-weighted assets ratio of the Bank was 13.72% as of December 31, 2019, exceeding the minimum requirement. The Tier 1 and total capital to risk-weighted asset ratios of the Bank were 13.72% and 14.83%, respectively, as of December 31, 2019, exceeding the minimum requirements. The leverage ratio of the Bank was 9.43% as of December 31, 2019, also exceeding the minimum requirements.

FAIR VALUES

FAIR VALUES	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 22 FAIR VALUES Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair Value Measurements and Disclosures also establish fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities. Level 1 assets and liabilities include debt and equity securities and derivative contracts that are traded in an exchange market, as well as U. S. Treasury, other U. S. Government and agency mortgage-backed debt securities that are highly liquid and are actively traded in over-the-counter markets. Level 2: Significant observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 2 assets and liabilities include debt securities with quoted prices that are traded less frequently than exchange-traded instruments and derivative contracts whose value is determined using a pricing model with inputs that are observable in the market or can be derived principally from or corroborated by observable market data. This category generally includes certain derivative contracts and impaired loans. Level 3: Significant unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. For example, this category generally includes certain private equity investments, retained residual interests in securitizations, residential mortgage servicing rights, and highly structured or long-term derivative contracts. Investment Securities Available for Sale Loans - Foreclosed Assets – Assets and liabilities measured at fair value are as follows as of December 31, 2019 (for purpose of this table the impaired loans are shown net of the related allowance): Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ - $ 15,633 $ - Taxable municipals - 4,442 - Corporate bonds - 5,523 - Mortgage backed securities - 25,051 - (On a non-recurring basis) Other real estate owned - - 3,393 Impaired loans: Real estate secured: Commercial - - 2,709 Construction and land development - - 70 Residential 1-4 family - - 1,274 Multifamily - - - Farmland - - 985 Commercial - - 214 Agriculture - - - Consumer installment loans - - - All other loans - - - Total $ - $ 50,649 $ 8,645 Assets and liabilities measured at fair value are as follows as of December 31, 2018 (for purpose of this table the impaired loans are shown net of the related allowance): (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ - $ 19,389 $ - Taxable municipals - 4,313 - Corporate bonds - 5,320 - Mortgage backed securities - 30,385 - (On a non-recurring basis) Other real estate owned - - 5,937 Impaired loans: Real estate secured: Commercial - - 2,282 Construction and land development - - 114 Residential 1-4 family - - 3,179 Multifamily - - 75 Farmland - - 1,906 Commercial - - 96 Agriculture - - - Consumer installment loans - - 6 All other loans - - - Total $ - $ 59,407 $ 13,595 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of December 31, 2019 and 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at December 31, 2019 Fair Value at December 31, 2018 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 5,252 $ 7,658 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 18% Other Real Estate Owned $ 3,393 $ 5,937 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 18% Fair Value of Financial Instruments The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Amount Fair Value Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) December 31, 2019 Financial Instruments – Assets Net Loans $ 557,176 $ 550,495 $ - $ 545,243 $ 5,252 Financial Instruments – Liabilities Time Deposits 257,406 259,325 - 259,325 - FHLB Advances 5,000 5,054 - 5,054 - December 31, 2018 Financial Instruments – Assets Net Loans $ 541,760 $ 534,425 $ - $ 526,767 $ 7,658 Financial Instruments – Liabilities Time Deposits 258,850 258,671 - 258,671 - FHLB Advances 7,000 7,215 - 7,215 - Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. 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 can significantly affect the estimates. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. The carrying value of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities, trust preferred securities and accrued interest approximates fair value and are excluded from the table above. In accordance with our adoption of ASU 2016-01 in 2018, the methods utilized to measure the fair value of financial instruments represent an approximation of exit price; however, an actual exit price may differ.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 23 REVENUE FROM CONTRACTS WITH CUSTOMERS All of our revenue from contracts with customers as defined in ASC 606 is recognized within Noninterest Income. The following table presents Noninterest Income by revenue stream for the years ended December 31, 2019 and 2018. (Dollars are in thousands) 2019 2018 Service charges and fees $ 3,605 $ 3,703 Card Processing and interchange income 3,014 2,809 Gain on sale and leaseback transactions (1) 803 - Insurance and investment fees 663 603 Other noninterest income 567 492 Total Noninterest Income $ 8,652 $ 7,607 (1) – Not within the scope of ASU 2014-9

NONINTEREST EXPENSES

NONINTEREST EXPENSES	12 Months Ended
	Dec. 31, 2019
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 24 NONINTEREST EXPENSES Other operating expenses, included as part of noninterest expenses, consisted of the following for the years ended December 31, 2019 and 2018: (Dollars are in thousands) 2019 2018 Advertising $ 315 $ 437 ATM network expense 1,832 1,731 Legal and professional fees 1,842 1,353 Loan related expenses 581 573 Printing and supplies 146 289 FDIC insurance premiums 222 381 Other real estate owned expenses, net 635 1,026 Other operating expenses 2,263 2,596 Total $ 7,836 $ 8,386

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 25 SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were available to be issued has identified the following as a non-recognized subsequent event. The 2019 novel coronavirus (COVID-19) has adversely affected, and may continue to adversely affect, economic activity globally, nationally and locally. Following the COVID-19 outbreak in December 2019 and January 2020, market interest rates have declined significantly, with the 10-year Treasury bond falling below 1.00% on March 3, 2020 for the first time. Such events also may adversely affect business and consumer confidence, generally, and the Company and its customers, and their respective suppliers, vendors and processors may be adversely impacted. On March 3 and March 16, 2020, the Federal Open Market Committee reduced the target federal funds rate by 50 and 100 basis points, respectively. As are result of these reductions the target rate is 0.00% - .25%. These reductions in interest rates and other effects of the COVID-19 pandemic may adversely impact the Company’s financial condition and results of operations. As a result of the severe economic downturn during the first quarter of 2020, we will be assessing our methodology and adjusting qualitative factors and assessing the potential future impact of these economic changes on our loan portfolio and the related allowance for loan losses, which may result in additional provisions to the allowance. At this time we cannot state how the economic downturn will affect the financial position, operations or liquidity of the Company. Throughout the following discussion, we have attempted to input additional commentary addressing the uncertainty of the current economic conditions.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	12 Months Ended
	Dec. 31, 2019
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 26 RECENT ACCOUNTING DEVELOPMENTS The following is a summary of recent authoritative announcements: In February 2016, the FASB amended the Leases topic of the ASC to revise certain aspects of recognition, measurement, presentation, and disclosure of leasing transactions. The amendments were effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. As discussed in Note 17, the Company early adopted ASU No. 2016-02 Leases (Topic 842) in the second quarter of 2017. In March 2016, the FASB amended the Revenue from Contracts with Customers topic of the ASC to clarify the implementation guidance on principal versus agent considerations and address how an entity should assess whether it is the principal or the agent in contracts that include three or more parties. The guidance became effective January 1, 2018. The Company completed an assessment of revenue streams and a review of related contracts potentially affected by the ASU and concluded that the ASU did not materially change the method in which the Company recognizes revenue for these revenue streams. As such, a cumulative effect adjustment to opening retained earnings was not deemed necessary. In June 2016, per ASU No. 2016-13, ‘Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,’ the FASB issued guidance to change the accounting for credit losses and modify the impairment model for certain debt securities. Subsequently, per ASU No. 2019-10, implementation for the Company is delayed until reporting periods beginning after December 15, 2022. Early adoption is permitted for all organizations for periods beginning after December 15, 2018. The Company is currently evaluating the effect that implementation of the new standard will have on its financial position, results of operations, and cash flows. In December 2016, the FASB issued technical corrections and improvements to the Revenue from Contracts with Customers Topic. These corrections make a limited number of revisions to several pieces of the revenue recognition standard issued in 2014. The amendment became effective on January 1, 2018 and did not have a material effect on the financial statements. In January 2017, the FASB updated the Accounting Changes and Error Corrections and the Investments—Equity Method and Joint Ventures Topics of the ASC. The ASU incorporates into the ASC recent Securities Exchange Commission (SEC) guidance about disclosing, under SEC SAB Topic 11.M, the effect on financial statements of adopting the revenue, leases, and credit losses standards. The ASU was effective upon issuance. The Company has assessed the impact on additional disclosure requirements for each of the standards and determined them to not have a material effect on its financial position, results of operations or cash flows. In February 2017, the FASB amended the Other Income Topic of the ASC to clarify the scope of the guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. The amendments conform the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The amendment became effective on January 1, 2018 and did not have a material effect on the financial statements. In September 2017, the FASB updated the Revenue from Contracts with Customers and the Leases Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance about certain public business entities (PBEs) electing to use the non-PBE effective dates solely to adopt the FASB’s new standards on revenue and leases. The amendments were effective upon issuance. The Company has assessed the impact of adoption of this guidance and determined it does not have a material effect on its financial statements. In November 2017, the FASB updated the Income Statement and Revenue from Contracts with Customers Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance related to revenue recognition. The amendments were effective upon issuance and did not have a material effect on the financial statements. In February 2018, the FASB Issued (ASU 2018-02), Income Statement (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which required Companies to reclassify the stranded effects in other comprehensive income to retained earnings as a result of the change in the tax rates under the Tax Cuts and Jobs Act. The Company early-adopted this pronouncement by retrospective application to the period ended December 31, 2017, when the effect of the change in the tax rate under the Tax Cuts and Jobs Act was recognized. The impact of the reclassification from other comprehensive income to retained earnings was $98 thousand as of December 31, 2017. In February 2018, the FASB amended the Financial Instruments Topic of the ASC. The amendments clarify certain aspects of the guidance issued in ASU 2016-01. The amendments were effective for the third quarter of 2018 subsequent to adopting the amendments in ASU 2016-01. All entities were permitted to early adopt these amendments for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, as long as they had adopted ASU 2016-01. These amendments did not have a material effect on the Company’s financial statements. In March 2018, the FASB updated the Debt Securities and the Regulated Operations Topics of the ASC. The amendments incorporate into the ASC recent SEC guidance which was issued in order to make the relevant interpretive guidance consistent with current authoritative accounting and auditing guidance and SEC rules and regulations. The amendments were effective upon issuance. These amendments did not have a material effect on the Company’s financial statements. In March 2018, the FASB updated the Income Taxes Topic of the ASC. The amendments incorporate into the ASC recent SEC guidance related to the income tax accounting implications of the Tax Cuts and Jobs Act. The amendments were effective upon issuance. These amendments did not have a material effect on the Company’s financial statements. In May 2018, the FASB amended the Financial Services—Depository and Lending Topic of the ASC to remove outdated guidance related to Circular 202. The amendments were effective upon issuance and did not have a material effect on the financial statements. In July 2018, the FASB amended the Leases Topic of the ASC to make narrow amendments to clarify how to apply certain aspects of the new standard. The amendments are effective for reporting periods beginning after December 15, 2018. These amendments did not have a material effect on the Company’s financial statements. As discussed in Note 17, the Company early adopted ASU No. 2016-02 Leases (Topic 842). In August 2018, the FASB amended the Fair Value Measurement Topic of the ASC. The amendments remove, modify, and add certain fair value disclosure requirements based on the concepts in the FASB Concepts Statement, Conceptual Framework for Financial Reporting—Chapter 8: Notes to Financial Statements. The amendments are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this ASU and delay adoption of the additional disclosures until their effective date. The Company does not expect these amendments to have a material effect on its financial statements. In August 2018, the FASB amended the Intangibles—Goodwill and Other Topic of the ASC to align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In October 2018, the FASB amended the Derivatives and Hedging Topic of the ASC to expand the list of U.S. benchmark interest rates permitted in the application of hedge accounting. The amendments were effective for fiscal years beginning after December 15, 2018. Early adoption was permitted. These amendments did not have a material effect on the Company’s financial statements. In October 2018, the FASB amended the Consolidation topic of the ASC for determining whether a decision-making fee is a variable interest. The amendments require organizations to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years . In November 2018, the FASB amended the Collaborative Arrangements Topic of the ASC to clarify the interaction between the guidance for certain collaborative arrangements and the new revenue recognition financial accounting and reporting standard. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In November 2018, the FASB issued guidance to amend the Financial Instruments—Credit Losses topic of the ASC. The guidance aligns the implementation date of the topic for annual financial statements of nonpublic companies with the implementation date for their interim financial statements. The guidance also clarifies that receivables arising from operating leases are not within the scope of the topic, but rather, should be accounted for in accordance with the leases topic. The amendments will be effective for the Company for reporting periods beginning after December 15, 2019 . In December 2018, the FASB issued guidance providing narrow-scope improvements for lessors, that provides relief in the accounting for sales, use and similar taxes, the accounting for other costs paid by a lessee that may benefit a lessor, and variable payments when contracts have lease and non-lease components. The amendments were effective for the Company for reporting periods beginning after December 15, 2018. Early adoption was permitted. These amendments did not have a material effect on the Company’s financial statements. In March 2019, as part of the FASB’s ongoing annual improvements project, it amended the Leases Topic of the ASC to clarify the Codification more generally and/or to correct unintended application of guidance. The amendments relate to determining the fair value of the underlying asset by lessors that are not manufacturers or dealers, presentation on the statement of cash flows – sales-type and direct financing leases, and transition disclosures related to the Accounting Changes and Error Corrections Topic. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In April 2019, as part of the FASB’s ongoing annual improvements project, it amended various Topics of the ASC related to financial instruments to clarify the Codification more generally and/or to correct unintended application of guidance. The amendments relate to Recognition and Measurement of Financial Assets and Financial Liabilities, Measurement of Credit Losses on Financial Instruments, and Targeted Improvements to Accounting for Hedging Activities. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted. The Company does not expect these amendments to have a material effect on its financial statements. In May 2019, the FASB issued targeted transition relief for entities which irrevocably elect the fair value option for certain financial assets previously measured at amortized cost basis. For those entities, the amendments to the transition guidance for ASU 2016-13 will increase comparability of financial statement information by providing an option to align measurement methodologies for similar financial assets. The amendments will be effective for the Company for fiscal years beginning after December 15, 2019. The Company is currently in the process of evaluating the impact of adoption of this guidance on its financial statements. In November, 2019, the FASB released ASU 2019-10, ‘Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842),’ in which the FASB shared a new philosophy to extend and simplify how effective dates for certain major Updates would be staggered between larger public companies (bucket one) and all other entities (bucket two). A major Update would first be effective for bucket-one entities. For bucket-two entities, including the Company, it is anticipated that the FASB will consider requiring an effective date staggered at least two years after bucket one for major Updates. Generally, it is expected that early application would continue to be allowed for all entities. The Company is considered a bucket-two entity due to its eligibility to be a smaller reporting company, per the SEC. This Update applies to ASU 2016-13, as discussed above, ASU 2017-12, which does not apply to the Company, and ASU 2016-02, which the Company has already early-adopted, as discussed above. In December, 2019, the FASB released ASU 2019-12, ‘Income Taxes (Topic 740),’ which simplify the accounting for income taxes by removing certain exceptions to the general principles in Topic 740, improve consistent application, and simplify GAAP for other areas of Topic 740. The amendments in this Update are effective the Company for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company does not expect these amendments to have a material effect on its financial statements. In January, 2020, the FASB released ASU 2020-01, ‘Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815),’ which clarify certain interactions between the guidance to account for certain equity securities under Topic 321, 323 and 815, and improve current GAAP by reducing diversity in practice and increasing comparability of accounting. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

PARENT CORPORATION ONLY FINANCI

PARENT CORPORATION ONLY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
PARENT CORPORATION ONLY FINANCIAL STATEMENTS	NOTE 27 PARENT CORPORATION ONLY FINANCIAL STATEMENTS CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2019 AND 2018 (Dollars in Thousands) 2019 2018 ASSETS Due from banks $ 209 $ 361 Investment in subsidiaries 69,463 66,095 Other assets 1,737 1,563 Total Assets $ 71,409 $ 68,019 LIABILITIES Accrued interest payable $ 182 $ 197 Accrued expenses and other liabilities 129 76 Trust preferred securities 16,496 16,496 Total Liabilities 16,807 16,769 STOCKHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 47,844 47,844 Additional paid capital 14,570 14,570 Retained deficit (7,869 ) (9,928 ) Accumulated other comprehensive income (loss) 57 (1,236 ) Total Stockholders’ Equity 54,602 51,250 Total Liabilities and Stockholders’ Equity $ 71,409 $ 68,019 CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (Dollars in thousands) 2019 2018 Income Miscellaneous income $ 26 $ 23 Dividends from subsidiaries 760 — Undistributed income of subsidiaries 2,076 1,681 Total income 2,862 1,704 Expenses Trust preferred securities interest expense 796 773 Professional fees 154 147 Other operating expenses 60 66 Total Expenses 1,010 986 Income before Income Taxes 1,852 717 Income Tax Benefit (207 ) (202 ) Net Income $ 2,059 $ 919 CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (Dollars in thousands) 2019 2018 Cash Flows From Operating Activities Net income $ 2,059 $ 919 Adjustments to reconcile net income to net cash used in Equity in undistributed earnings of subsidiaries (2,075 ) (1,680 ) Net decrease (increase) in other assets (174 ) (203 ) Net increase in other liabilities 38 105 Net Cash Used in Operating Activities (152 ) (859 ) Net decrease in Cash and Cash Equivalents (152 ) (859 ) Cash and Cash Equivalents, Beginning of year 361 1,220 Cash and Cash Equivalents, End of Year $ 209 $ 361 Supplemental Disclosure of Cash Paid During the Year for: Interest $ 811 $ 715 Taxes $ (34 ) $ 320

SELECTED QUARTERLY INFORMATION

SELECTED QUARTERLY INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY INFORMATION (UNAUDITED)	NOTE 28 SELECTED QUARTERLY INFORMATION (UNAUDITED) 2019 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,252 $ 6,347 $ 6,282 $ 6,095 Provision for loan losses 760 1,020 135 135 Noninterest income 2,051 2,855 1,969 1,777 Noninterest expense 7,006 7,079 7,684 7,228 Net income 432 876 345 406 Earnings per share, basic and diluted 0.02 0.04 0.01 0.02 Period end balance sheet Total loans receivable $ 562,544 $ 558,174 $ 551,131 $ 553,585 Total assets 706,373 706,939 701,952 721,868 Total deposits 621,477 621,603 619,313 638,409 Total stockholders’ equity 54,602 54,206 53,179 52,026 2018 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,123 $ 6,027 $ 5,979 $ 6,078 Noninterest income 63 63 63 63 Provision for loan losses 2,069 1,917 1,870 1,750 Noninterest expense 7,381 7,579 7,895 7,639 Net income (loss) 680 208 (49) 80 Earnings (loss) per share, basic and diluted 0.03 0.01 (0.00) 0.00 Period end balance sheet Total loans receivable $ 547,096 $ 531,969 $ 527,379 $ 516,363 Total assets 682,142 679,517 685,123 671,570 Total deposits 595,991 598,212 591,551 589,947 Total stockholders’ equity 51,250 49,905 50,019 50,231

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation
Use of Estimates	Use of Estimates -
Cash and Cash Equivalents	Cash and Cash Equivalents
Investment Securities	Investment Securities The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold, using the specific identification method. Realized gains (losses) on securities available-for-sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to other comprehensive income, net of tax, whereas realized gains and losses flow through the statements of income.
Loans	Loans – It is the Company’s policy to stop accruing interest on a loan, and classify that loan as non-accrual under the following circumstances: (a) whenever we are advised by the borrower that scheduled payment or interest payments cannot be met, (b) when our best judgment indicates that payment in full of principal and interest can no longer be expected, or (c) when any such loan or obligation becomes delinquent for 90 days unless it is both well secured and in the process of collection. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, except in the case of a nonaccrual loan that is well secured and in the process of collection, in which case, the interest accrued but not collected is not reversed. The interest on these loans is accounted for on the cash basis or cost-recovery method, until qualifying for return to accrual. Generally, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, six consecutive timely payments are made, and prospects for future contractual payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.
Significant Group Concentration of Credit Risk	Significant Group Concentrations of Credit Risk –
Allowance for Loan Losses	Allowance for Loan Losses – The allowance is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries. Loans are charged against the allowance for loan losses when management believes that collectability of all or part of the principal is unlikely. Past due status is determined based on contractual terms. In regard to our consumer and consumer real estate loan portfolio, the Company uses the guidance found in the Uniform Retail Credit Classification and Account Management Policy which affects our estimate of the allowance for loan losses. Under this approach, a consumer or consumer real estate loan must initially have a credit risk grade of Pass or better. Subsequently, if the loan becomes contractually 90 days past due or the borrower files for bankruptcy protection, the loan is downgraded to Substandard and placed in nonaccrual status. If the loan is unsecured, upon being deemed Substandard, the entire loan amount is charged off. For non 1-4 family residential loans that are 90 days past due or greater, or in bankruptcy, the collateral value less estimated liquidation costs is compared to the loan balance to calculate any potential deficiency. If the collateral is sufficient then no charge-off is necessary. If a deficiency exists, then upon the loan becoming contractually 120 days past due, the deficiency is charged-off against the allowance for loan loss. In the case of 1-4 family residential or home equity loans, upon the loan becoming 120 days past due, a current value is obtained and after application of an estimated liquidation discount, a comparison is made to the loan balance to calculate any deficiency. Subsequently, any noted deficiency is then charged-off against the allowance for loan loss when the loan becomes contractually 180 days past due. If the customer has filed bankruptcy, then within 60 days of the bankruptcy notice, any calculated deficiency is charged-off against the allowance for loan loss. Collection efforts continue by means of repossessions or foreclosures, and upon bank ownership, liquidation ensues.
Other Real Estate Owned	Other Real Estate Owned
Bank Premises and Equipment	Bank Premises and Equipment Type Estimated useful life Buildings 39 years Paving and landscaping 15 years Computer equipment and software 3 to 5 years Vehicles 5 years Furniture and other equipment 5 to 10 years Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Repairs and maintenance costs are recorded as a component of noninterest expense as incurred.
Income Taxes	Income Taxes The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. See Note 10, Income Taxes, for additional information. The Company records any penalties and interest attributed to uncertain tax positions as a component of income tax expenses.
Income Per Share	Income Per Share
Financial Instruments - Off-balance-sheet instruments	Financial Instruments – Off-balance-sheet instruments
Financial Instruments - Fair Value	Financial Instruments – Fair Value
Comprehensive Income (Loss)	Comprehensive Income (Loss)
Revenue from Contracts with Customers	Revenue from Contracts with Customers - “
Advertising Cost	Advertising Cost
Reclassification	Reclassification
Subsequent Events	Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives	Depreciation is computed using the straight-line method over the following estimated useful lives: Type Estimated useful life Buildings 39 years Paving and landscaping 15 years Computer equipment and software 3 to 5 years Vehicles 5 years Furniture and other equipment 5 to 10 years

INCOME PER SHARE (Tables)

INCOME PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
Income Per Share
Schedule of basic and diluted net loss per common share calculations	Basic and diluted net income per common share calculations follows: (Amounts in thousands, except For the years ended share and per share data) December 31, 2019 2018 Net income $ 2,059 $ 919 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average dilutive shares outstanding 23,992,086 23,992,086 Basic and diluted income per share $ 0.09 $ 0.04

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Investment securities activity:
Schedule of securities amortized cost and estimated fair value	The amortized cost and estimated fair value of securities (all available-for-sale) as of December 31, 2019 and December 31, 2018 are as follows: Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2019 U.S. Government Agencies $ 15,703 $ 57 $ 127 $ 15,633 Taxable municipals 4,389 54 1 4,442 Corporate bonds 5,408 115 - 5,523 Mortgage backed securities 25,077 111 137 25,051 Total Securities available for sale $ 50,577 $ 337 $ 265 $ 50,649 December 31, 2018 U.S. Government Agencies $ 19,755 $ 26 $ 392 $ 19,389 Taxable municipals 4,428 - 115 4,313 Corporate bonds 5,422 47 149 5,320 Mortgage backed securities 31,366 11 992 30,385 Total Securities available for sale $ 60,971 $ 84 $ 1,648 $ 59,407
Schedule of fair value and gross unrealized losses on investment securities	The following table details unrealized losses and related fair values in the available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 2019 and December 31, 2018. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized December 31, 2019 U.S. Government Agencies $ 6,788 $ 46 $ 4,516 $ 81 $ 11,304 $ 127 Taxable municipals 1,049 1 - - 1,049 1 Corporate bonds - - - - - - Mtg. backed securities 1,586 4 12,002 133 13,588 137 Total Securities AFS $ 9,423 $ 51 $ 16,518 $ 214 $ 25,941 $ 265 December 31, 2018 U.S. Government Agencies $ 5,013 $ 68 $ 11,585 $ 324 $ 16,598 $ 392 Taxable municipals - - 4,049 115 4,049 115 Corporate bonds 1,713 43 1,423 106 3,136 149 Mtg. backed securities 165 2 29,245 990 29,410 992 Total Securities AFS $ 6,891 $ 113 $ 46,302 $ 1,535 $ 53,193 $ 1,648
Schedule of amortized cost and fair value of investment securities contractual maturity	The amortized cost and fair value of investment securities at December 31, 2019, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Also, actual maturities may differ from scheduled maturities on amortizing securities, such as mortgage-back securities and collateralized mortgage obligations, because the underlying collateral on these types of securities may be repaid prior to the scheduled maturity date. Weighted (Dollars are in thousands) Amortized Fair Average Securities Available for Sale Cost Value Yield Due in one year or less $ - $ - -% Due after one year through five years 4,710 4,752 2.53% Due after five years through ten years 13,211 13,295 3.39% Due after ten years 32,656 32,602 2.42% Total $ 50,577 $ 50,649 2.68%

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Summary of loans receivable outstanding	Loans receivable outstanding at December 31, are summarized as follows: (Dollars are in thousands) 2019 2018 Real estate secured: Commercial $ 170,436 $ 140,862 Construction and land development 31,130 35,119 Residential 1-4 family 242,922 249,946 Multifamily 13,638 13,496 Farmland 20,790 22,114 Total real estate loans 478,916 461,537 Commercial 53,994 55,157 Agriculture 4,797 5,266 Consumer installment loans 23,127 24,538 All other loans 1,710 598 Total loans $ 562,544 $ 547,096
Summary of loans receivable on nonaccrual status	Loans receivable on nonaccrual status at December 31, are summarized as follows: (Dollars are in thousands) 2019 2018 Real estate secured: Commercial $ 1,601 $ 784 Construction and land development 45 157 Residential 1-4 family 2,544 3,626 Multifamily — 76 Farmland 531 1,657 Total real estate loans 4,721 6,300 Commercial 390 61 Consumer installment and other loans 45 8 Total loans receivable on nonaccrual status $ 5,156 $ 6,369
Summary of impaired loans	The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2019 and December 31, 2018: As of December 31, 2019 (Dollars are in thousands) Average Interest Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 2,017 $ 100 $ 2,416 $ 2,478 $ - Construction and land development 91 7 70 346 - Residential 1-4 family 1,944 55 1,263 1,460 - Multifamily 29 1 - - - Farmland 1,143 47 778 970 - Commercial 578 11 128 178 - Agriculture - - - 1 - Consumer installment loans 2 - - - - All other loans - - - - - With an allowance recorded: Real estate secured: Commercial 470 1 363 379 70 Construction and land development - - - - - Residential 1-4 family 302 - 55 60 44 Multifamily - - - - - Farmland 221 11 216 228 9 Commercial 507 7 286 886 200 Agriculture - - - - - Consumer installment loans 3 - - - - All other loans - - - - - Total $ 7,307 $ 240 $ 5,575 $ 6,986 $ 323 As of December 31, 2018 (Dollars are in thousands) Average Interest Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 2,556 $ 95 $ 1,887 $ 1,941 $ - Construction and land development 199 1 114 379 - Residential 1-4 family 3,159 175 2,880 3,168 - Multifamily 146 6 75 117 - Farmland 1,551 54 1,693 1,880 - Commercial 132 1 - - - Agriculture 3 - - - - Consumer installment loans 2 - - - - All other loans - - - - - With an allowance recorded: Real estate secured: Commercial 1,214 16 435 539 40 Construction and land development - - - - - Residential 1-4 family 399 16 431 454 132 Multifamily - - - - - Farmland 361 - 345 358 132 Commercial 256 3 109 109 13 Agriculture - - - - - Consumer installment loans 6 1 7 7 1 All other loans - - - - - Total $ 9,984 $ 368 $ 7,976 $ 8,952 $ 318
Summary of age analysis of past due loans receivable	An age analysis of past due loans receivable is below. At December 31, 2019 and 2018, there were no loans over 90 days past due that were accruing. As of December 31, 2019 (Dollars are in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 502 $ 125 $ 262 $ 889 $ 169,547 $ 170,436 Construction and land 50 18 18 86 31,044 31,130 Residential 1-4 family 3,700 1,096 710 5,506 237,416 242,922 Multifamily 262 - - 262 13,376 13,638 Farmland 111 47 152 310 20,480 20,790 Total real estate loans 4,625 1,286 1,142 7,053 471,863 485,916 Commercial 406 - 323 729 53,265 53,994 Agriculture 244 - 21 265 4,532 4,797 Consumer installment 98 24 23 145 22,982 23,127 All other loans - - - - 1,710 1,710 Total loans $ 5,373 $ 1,310 $ 1,509 $ 8,192 $ 554,352 $ 562,544 As of December 31, 2018 (Dollars are in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 80 $ 31 $ 137 $ 248 $ 140,614 $ 140,862 Construction and land 70 - 27 97 35,022 35,119 Residential 1-4 family 3,468 564 525 4,557 245,389 249,946 Multifamily - 273 — 273 13,223 13,496 Farmland 316 — 1090 1,406 20,708 22,114 Total real estate loans 3,934 868 1,779 6,581 454,956 461,537 Commercial 68 - 61 129 55,028 55,157 Agriculture 22 - - 22 5,244 5,266 Consumer installment 74 15 - 89 24,449 24,538 All other loans - — - - 598 598 Total loans $ 4,098 $ 883 $ 1,840 $ 6,821 $ 540,275 $ 547,096
Summary of risk category of loans receivable	Based on the most recent analysis performed, the risk category of loans receivable was as follows: As of December 31, 2019 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 165,570 $ 3,265 $ 1,601 $ - $ 170,436 Construction and land development 30,747 360 23 - 31,130 Residential 1-4 family 239,210 1,207 2,505 - 242,922 Multifamily 13,638 - - - 13,638 Farmland 18,779 1,480 531 - 20,790 Total real estate loans 467,944 6,312 4,660 - 478,916 Commercial 51,086 2,504 118 286 53,994 Agriculture 4,753 4 40 - 4,797 Consumer installment loans 23,087 12 28 - 23,127 All other loans 1,710 - - - 1,710 Total $ 548,580 $ 8,832 $ 4,846 $ 286 $ 562,544 As of December 31, 2018 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 137,146 $ 2,890 $ 826 $ - $ 140,862 Construction and land development 34,231 718 170 - 35,119 Residential 1-4 family 243,950 1,523 4,473 - 249,946 Multifamily 13,357 63 76 - 13,496 Farmland 18,126 2,331 1,657 - 22,114 Total real estate loans 446,810 7,525 7,202 - 461,537 Commercial 52,156 2,940 61 - 55,157 Agriculture 5,255 10 1 - 5,266 Consumer installment loans 24,493 35 10 - 24,538 All other loans 598 - - - 598 Total $ 529,312 $ 10,510 $ 7,274 $ - $ 547,096

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Summary of activity in the allowance for loan losses	The following table details activity in the allowance for loan losses by portfolio segment for the period ended December 31, 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. As of December 31, 2019 (Dollars are in thousands) Beginning Charge Recoveries Provisions Ending Real estate secured: Commercial $ 1,386 $ (192 ) $ 16 $ 38 $ 1,248 Construction and land development 202 - 34 (78 ) 158 Residential 1-4 family 2,437 (336 ) 202 (567 ) 1,736 Multifamily 89 - 30 (15 ) 104 Farmland 287 (33 ) 29 (174 ) 109 Total real estate loans 4,401 (561 ) 311 (796 ) 3,355 Commercial 448 (1,762 ) 61 3,042 1,789 Agriculture 37 (17 ) 2 5 27 Consumer installment loans 172 (114 ) 62 68 188 All other loans 3 - - 4 7 Unallocated 275 - - (273 ) 2 Total $ 5,336 $ (2,454 ) $ 436 $ 2,050 $ 5,368 As of December 31, 2018 (Dollars are in thousands) Beginning Charge Recoveries Provisions Ending Real estate secured: Commercial $ 1,989 $ (334 ) $ 73 $ (342 ) $ 1,386 Construction and land development 191 (96 ) 11 96 202 Residential 1-4 family 2,400 (290 ) 73 254 2,437 Multifamily 106 - - (17 ) 89 Farmland 415 (58 ) 72 (142 ) 287 Total real estate loans 5,101 (778 ) 229 (151 ) 4,401 Commercial 660 (617 ) 84 321 448 Agriculture 20 - 1 16 37 Consumer installment loans 156 (75 ) 44 47 172 All other loans 3 - - - 3 Unallocated 256 - - 19 275 Total $ 6,196 $ (1,470 ) $ 358 $ 252 $ 5,336
Schedule of allocation of portion of allowance	Allowance for Loan Losses Recorded Investment in Loans (Dollars are in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Individually Evaluated for Impairment Collectively Evaluated for Impairment Real estate secured: Commercial $ 70 $ 1,178 $ 1,248 $ 2,779 $ 167,657 $ 170,436 Construction and land development - 158 158 70 31,060 31,130 Residential 1-4 family 44 1,692 1,736 1,318 241,604 242,922 Multifamily - 104 104 - 13,638 13,638 Farmland 9 100 109 994 19,796 20,790 Total real estate loan 123 3,232 3,355 5,161 473,755 478,916 Commercial 200 1,589 1,789 414 53,580 53,994 Agriculture - 27 27 - 4,797 4,797 Consumer installment loans - 188 188 - 23,127 23,127 All other loans - 7 7 - 1,710 1,710 Unallocated - 2 2 - - - Total $ 323 $ 5,045 5,368 $ 5,575 $ 556,969 $ 562,544 Allowance for Loan Losses Recorded Investment in Loans As of December 31, 2018 (Dollars are in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Individually Evaluated for Impairment Collectively Evaluated for Impairment Total Real estate secured: Commercial $ 40 $ 1,346 $ 1,386 $ 2,322 $ 138,540 $ 140,862 Construction and land development - 202 202 114 35,005 35,119 Residential 1-4 family 132 2,305 2,437 3,311 246,635 249,946 Multifamily - 89 89 75 13,421 13,496 Farmland 132 155 287 2,038 20,076 22,114 Total real estate loans 304 4,097 4,401 7,860 453,677 461,537 Commercial 13 435 448 109 55,048 55,157 Agriculture - 37 37 - 5,266 5,266 Consumer installment loans 1 171 172 7 24,531 24,538 All other loans - 3 3 - 598 598 Unallocated - 275 275 - - - Total $ 318 $ 5,018 5,336 $ 7,976 $ 539,120 $ 547,096

TROUBLED DEBT RESTRUCTURINGS (T

TROUBLED DEBT RESTRUCTURINGS (Tables)	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Schedule of loans modified as troubled debt restructurings	The following table presents information related to loans modified as troubled debt restructurings during the years ended December 31, 2019 and 2018. December 31, 2019 December 31, 2018 (Dollars are in thousa # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment Real estate secured: Commercial 1 $ 150 $ 150 - $ - $ - Construction and land Development - - - - - - Residential 1-4 family - - - - - - Multifamily - - - - - - Farmland 1 305 305 - - - Total real estate loans 2 455 455 - - - Commercial - - - - - - Agriculture - - - - - - Consumer installment loans - - - - - - All other loans - - - - - - Total 2 $ 455 $ 455 - $ - $ -

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Schedule of bank premises and equipment	Bank premises and equipment at December 31, 2019 and 2018 are summarized as follows: (Dollars are in thousands) 2019 2018 Land $ 7,485 $ 7,904 Buildings and improvements 16,227 17,642 Furniture and equipment 16,253 16,418 Construction in progress 1,003 — 40,968 41,964 Less accumulated depreciation (18,726 ) (17,769 ) Bank Premises and Equipment $ 22,242 $ 24,195

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of pre-tax book income	The source of pre-tax book income is summarized as follows for the years ended December 31: (Dollars are in thousands) 2019 2018 Pre-tax book income Domestic $ 2,581 $ 1,068 Total pre-tax book income $ 2,581 $ 1,068
Schedule of components of income tax expense	Income tax expense is summarized as follows for the years ended December 31: (Dollars are in thousands) 2019 2018 Current income tax expense (benefit) Federal $ (35) $ (45) State - - Total current income tax expense (benefit) (35) (45) Deferred income tax expense Federal 557 194 State - - Total deferred income tax expense 557 194 Income tax expense $ 522 $ 149
Schedule of reconciliation of income tax expense	The following table summarizes the differences between the actual income tax expense and the amounts computed using the federal statutory tax rate of 21% for years ending December 31, 2019 and 2018, respectively: (Dollars are in thousands) 2019 2018 Income tax expense (benefit) at the applicable federal rate $ 542 $ 224 Permanent differences resulting from: Nondeductible expenses 10 5 Tax exempt interest income (11 ) (17 ) Bank owned life insurance (13 ) (12 ) Other adjustments (6 ) (51 ) Income tax expense $ 522 $ 149
Schedule of net deferred tax assets and liabilities	The net deferred tax assets and liabilities resulting from temporary differences as of December 31 are summarized as follows: (Dollars are in thousands) 2019 2018 Deferred Tax Assets Allowance for loan losses $ 1,127 $ 1,121 Deferred compensation 90 90 Nonaccrual loan interest 439 464 Other real estate owned 127 340 Amortization of core deposits 28 40 Amortization of goodwill 144 202 Capitalized interest and repair expense 23 24 Net operating loss carryforward 3,631 3,730 AMT carryforward 320 339 Unrealized loss on securities available for sale - 328 Total Assets, gross 5,929 6,678 Valuation allowance - - Total Assets, net 5,929 6,678 Deferred Tax Liabilities Accelerated depreciation 937 878 Accrued employee benefits 11 (6) Unrealized gain on securities available for sale 15 - Prepaid expenses 59 15 Deferred loan costs 331 315 Total Liabilities, gross 1,353 1,202 Net Deferred Tax Asset $ 4,576 $ 5,476

TIME DEPOSITS (Tables)

TIME DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Schedule of maturities	At December 31, 2019, the scheduled maturities of time deposits are as follows (dollars are in thousands): 2020 $ 156,640 2021 49,058 2022 20,948 2023 19,611 2024 11,149 After five years - Total $ 257,406

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Related Party Transactions [Abstract]
Schedule of related party	The following table summarizes these transactions, which were made on substantially the same terms as those prevailing for other customers and did not involve any abnormal risk. For the years ended December 31, (Dollars in thousands) 2019 2018 Beginning balance $ 2,553 $ 6,568 New loans and advances on lines 1,925 2,048 Payments and other reductions (2,021 ) (6,063 ) Ending balance $ 2,457 $ 2,553

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2019
Real Estate [Abstract]
Schedule of other real estate owned	The following table summarizes the activity in other real estate owned for the years ended December 31, 2019 and 2018: 2019 2018 (Dollars are in thousands) Balance, beginning of year $ 5,937 $ 6,859 Additions 811 1,719 Transfers from premises and equipment 683 — Proceeds from sales (1,322 ) (1,405 ) Proceeds from insurance claims (19 ) — Loans made to finance sales (2,360 ) (569 ) Adjustment of carrying value (214 ) (542 ) Deferred gain from sales — 10 Losses from sales (123 ) (135 ) Balance, end of year $ 3,393 $ 5,937

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Schedule of future minimum rental commitments under the non-cancellable operating leases	At December 31, 2019, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2020 $ 534 2021 511 2022 530 2023 544 2024 546 Thereafter 4,528 Total lease payments 7,193 Less imputed interest 1,358 Total $ 5,835

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2019
Borrowed Funds
Schedule of breakdown of borrowed funds	The following table presents the breakdown of borrowed funds as of December 31, 2019 and 2018 (Dollars in thousands): FHLB Revolving Advances Federal Funds Lines FHLB Term Loans Short-Term FHLB Term Loans Long-Term NPB Capital Trust I NPB Capital Trust 2 Total Balance December 31, 2019 $ — $ — — $ 5,000 11,341 5,155 $ 21,496 Highest balance at any month-end — — 2,000 5,000 11,341 5,155 Average weighted balance — 10 975 5,000 11,341 5,155 22,481 Average interest rate: Paid during the year — % 3.32 % 1.26 % 1.36 % 5.09 % 4.25 % 3.89 % At year-end -% -% -% 1.34 % 4.59 % 3.76 % 3.64 % Balance December 31, 2018 $ — $ 3,630 2,000 $ 5,000 11,341 5,155 $ 27,126 Highest balance at any month-end 12,000 3,630 2,000 7,000 11,341 5,155 Average weighted balance 2,367 109 1,159 5,975 11,341 5,155 26,106 Average interest rate: Paid during the year 2.19 % 2.80 % 1.43 % 1.28 % 4.96 % 4.08 % 3.53 % At year-end -% 3.28 % 0.99 % 1.34 % 5.04 % 4.21 % 3.67 % (a) - The Bank has the ability to borrow up to an additional $154.4 million from the FHLB under a line of credit which is secured by a blanket lien on residential real estate loans. The Bank had no overnight borrowings subject to daily rate changes from the FHLB at December 31, 2019 or 2018. We have used our line of credit with FHLB to issue letters of credit totaling $17.0 million to the Treasury Board of Virginia for collateral on public funds deposited in the Bank. No draws on the letters of credit have been issued. The letters of credit are considered draws on our FHLB line of credit. (b) - Federal funds lines consist of $20.0 million in unsecured federal funds line of credit facilities with correspondent banks as of both December 31, 2019 and 2018, exclusive of any outstanding balance. (c) - At December 31, 2019, there were no short-term FHLB advance borrowings outstanding. Short-term FHLB advances at December 31, 2018 consisted of $2.0 million at a fixed rate of 0.99% due in 2019. (d) - At December 31, 2019 and 2018, long term FHLB advances consisted of $5.0 million at a fixed rate of 1.34% due in 2021. (e) - TPS I - On July 7, 2004, the Company completed the issuance of $11.3 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust I (TPS I). The rate is determined quarterly and floats based on the 3 month LIBOR plus 260 basis points.
Schedule of maturities of borrowed funds	Following are maturities of borrowed funds at December 31, 2019 (dollars in thousands): 2020 - 2021 5,000 2022 - 2023 - 2024 - 2025 and thereafter 16,496 $ 21,496

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Schedule of financial instruments with credit risk	Financial instruments whose contract amount represents credit risk at December 31 were as follows: 2019 2018 (Dollars in thousands) Commitments to extend credit $ 59,552 $ 55,144 Standby letters of credit 2,582 2,798

CAPITAL (Tables)

CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2019
Capital [Abstract]
Schedule of capital requirements	The Bank’s actual capital amounts and ratios are presented in the following table as of December 31, 2019 and 2018, respectively. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio December 31, 2019: Total Capital to Risk Weighted Assets 72,109 14.83 % $ 38,910 8.0 % 48,637 10.0 % Tier 1 Capital to Risk Weighted Assets 66,741 13.72 % 29,182 6.0 % 38,910 8.0 % Tier 1 Capital to Average Assets 66,741 9.43 % 28,313 4.0 % 35,391 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 66,741 13.72 % 21,887 4.5 % 31,614 6.5 % December 31, 2018: Total Capital to Risk Weighted Assets 70,002 14.39 % $ 38,912 8.0 % 48,640 10.0 % Tier 1 Capital to Risk Weighted Assets 64,666 13.29 % 29,184 6.0 % 38,912 8.0 % Tier 1 Capital to Average Assets 64,666 9.59 % 26,960 4.0 % 33,700 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 64,666 13.29 % 21,888 4.5 % 31,616 6.5 %

FAIR VALUES (Tables)

FAIR VALUES (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of summary of assets and liabilities measured at fair value	Assets and liabilities measured at fair value are as follows as of December 31, 2019 (for purpose of this table the impaired loans are shown net of the related allowance): Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ - $ 15,633 $ - Taxable municipals - 4,442 - Corporate bonds - 5,523 - Mortgage backed securities - 25,051 - (On a non-recurring basis) Other real estate owned - - 3,393 Impaired loans: Real estate secured: Commercial - - 2,709 Construction and land development - - 70 Residential 1-4 family - - 1,274 Multifamily - - - Farmland - - 985 Commercial - - 214 Agriculture - - - Consumer installment loans - - - All other loans - - - Total $ - $ 50,649 $ 8,645 Assets and liabilities measured at fair value are as follows as of December 31, 2018 (for purpose of this table the impaired loans are shown net of the related allowance): (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ - $ 19,389 $ - Taxable municipals - 4,313 - Corporate bonds - 5,320 - Mortgage backed securities - 30,385 - (On a non-recurring basis) Other real estate owned - - 5,937 Impaired loans: Real estate secured: Commercial - - 2,282 Construction and land development - - 114 Residential 1-4 family - - 3,179 Multifamily - - 75 Farmland - - 1,906 Commercial - - 96 Agriculture - - - Consumer installment loans - - 6 All other loans - - - Total $ - $ 59,407 $ 13,595
Schedule of significant unobservable inputs In level 3 assets	For Level 3 assets measured at fair value on a recurring or non-recurring basis as of December 31, 2019 and 2018, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at December 31, 2019 Fair Value at December 31, 2018 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 5,252 $ 7,658 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 18% Other Real Estate Owned $ 3,393 $ 5,937 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 18%
Schedule of estimated fair value of financial instruments	The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Amount Fair Value Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) December 31, 2019 Financial Instruments – Assets Net Loans $ 557,176 $ 550,495 $ - $ 545,243 $ 5,252 Financial Instruments – Liabilities Time Deposits 257,406 259,325 - 259,325 - FHLB Advances 5,000 5,054 - 5,054 - December 31, 2018 Financial Instruments – Assets Net Loans $ 541,760 $ 534,425 $ - $ 526,767 $ 7,658 Financial Instruments – Liabilities Time Deposits 258,850 258,671 - 258,671 - FHLB Advances 7,000 7,215 - 7,215 -

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Schedule of revenue from contracts with customers	The following table presents Noninterest Income by revenue stream for the years ended December 31, 2019 and 2018. (Dollars are in thousands) 2019 2018 Service charges and fees $ 3,605 $ 3,703 Card Processing and interchange income 3,014 2,809 Gain on sale and leaseback transactions (1) 803 - Insurance and investment fees 663 603 Other noninterest income 567 492 Total Noninterest Income $ 8,652 $ 7,607 (1) – Not within the scope of ASU 2014-9

NON-INTEREST EXPENSES (Tables)

NON-INTEREST EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2019
Noninterest Expenses
Schedule of noninterest expenses	Other operating expenses, included as part of noninterest expenses, consisted of the following for the years ended December 31, 2019 and 2018: (Dollars are in thousands) 2019 2018 Advertising $ 315 $ 437 ATM network expense 1,832 1,731 Legal and professional fees 1,842 1,353 Loan related expenses 581 573 Printing and supplies 146 289 FDIC insurance premiums 222 381 Other real estate owned expenses, net 635 1,026 Other operating expenses 2,263 2,596 Total $ 7,836 $ 8,386

PARENT CORPORATION ONLY FINAN_2

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Condensed Financial Information Disclosure [Abstract]
Schedule of parent corporation only condensed balance sheets	CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2019 AND 2018 (Dollars in Thousands) 2019 2018 ASSETS Due from banks $ 209 $ 361 Investment in subsidiaries 69,463 66,095 Other assets 1,737 1,563 Total Assets $ 71,409 $ 68,019 LIABILITIES Accrued interest payable $ 182 $ 197 Accrued expenses and other liabilities 129 76 Trust preferred securities 16,496 16,496 Total Liabilities 16,807 16,769 STOCKHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 47,844 47,844 Additional paid capital 14,570 14,570 Retained deficit (7,869 ) (9,928 ) Accumulated other comprehensive income (loss) 57 (1,236 ) Total Stockholders’ Equity 54,602 51,250 Total Liabilities and Stockholders’ Equity $ 71,409 $ 68,019
Schedule of parent corporation only condensed statements of income	CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (Dollars in thousands) 2019 2018 Income Miscellaneous income $ 26 $ 23 Dividends from subsidiaries 760 — Undistributed income of subsidiaries 2,076 1,681 Total income 2,862 1,704 Expenses Trust preferred securities interest expense 796 773 Professional fees 154 147 Other operating expenses 60 66 Total Expenses 1,010 986 Income before Income Taxes 1,852 717 Income Tax Benefit (207 ) (202 ) Net Income $ 2,059 $ 919
Schedule of parent corporation only condensed statements of cash flows	CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018 (Dollars in thousands) 2019 2018 Cash Flows From Operating Activities Net income $ 2,059 $ 919 Adjustments to reconcile net income to net cash used in Equity in undistributed earnings of subsidiaries (2,075 ) (1,680 ) Net decrease (increase) in other assets (174 ) (203 ) Net increase in other liabilities 38 105 Net Cash Used in Operating Activities (152 ) (859 ) Net decrease in Cash and Cash Equivalents (152 ) (859 ) Cash and Cash Equivalents, Beginning of year 361 1,220 Cash and Cash Equivalents, End of Year $ 209 $ 361 Supplemental Disclosure of Cash Paid During the Year for: Interest $ 811 $ 715 Taxes $ (34 ) $ 320

SELECTED QUARTERLY INFORMATIO_2

SELECTED QUARTERLY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of selected quarterly information	2019 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,252 $ 6,347 $ 6,282 $ 6,095 Provision for loan losses 760 1,020 135 135 Noninterest income 2,051 2,855 1,969 1,777 Noninterest expense 7,006 7,079 7,684 7,228 Net income 432 876 345 406 Earnings per share, basic and diluted 0.02 0.04 0.01 0.02 Period end balance sheet Total loans receivable $ 562,544 $ 558,174 $ 551,131 $ 553,585 Total assets 706,373 706,939 701,952 721,868 Total deposits 621,477 621,603 619,313 638,409 Total stockholders’ equity 54,602 54,206 53,179 52,026 2018 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,123 $ 6,027 $ 5,979 $ 6,078 Noninterest income 63 63 63 63 Provision for loan losses 2,069 1,917 1,870 1,750 Noninterest expense 7,381 7,579 7,895 7,639 Net income (loss) 680 208 (49) 80 Earnings (loss) per share, basic and diluted 0.03 0.01 (0.00) 0.00 Period end balance sheet Total loans receivable $ 547,096 $ 531,969 $ 527,379 $ 516,363 Total assets 682,142 679,517 685,123 671,570 Total deposits 595,991 598,212 591,551 589,947 Total stockholders’ equity 51,250 49,905 50,019 50,231

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2019
Paving And Landscaping [Member]
Estimated useful life	15 years
Vehicles [Member]
Estimated useful life	5 years
Buildings [Member]
Estimated useful life	39 years
Minimum [Member] | Computer Equipment And Software [Member]
Estimated useful life	3 years
Minimum [Member] | Furniture And Other Equipment [Member]
Estimated useful life	5 years
Maximum [Member] | Computer Equipment And Software [Member]
Estimated useful life	5 years
Maximum [Member] | Furniture And Other Equipment [Member]
Estimated useful life	10 years

INCOME PER SHARE (Details)

INCOME PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Per Share
Net income	$ 432	$ 876	$ 345	$ 406	$ 680	$ 208	$ (49)	$ 80	$ 2,059	$ 919
Weighted average shares outstanding									23,922,086	23,922,086
Weighted average dilutive shares outstanding									23,992,086	23,992,086
Basic and diluted income per share	$ 0.02	$ 0.04	$ 0.01	$ 0.02	$ 0.03	$ 0.01	$ 0	$ 0	$ 0.09	$ 0.04

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Amortized Cost	$ 50,577	$ 60,971
Gross Unrealized Gains	337	84
Gross Unrealized Losses	265	1,648
Approximate Fair Value	50,649	59,407
Corporate Bonds [Member]
Amortized Cost	5,408	5,422
Gross Unrealized Gains	115	47
Gross Unrealized Losses		149
Approximate Fair Value	5,523	5,320
U.S. Government Agencies [Member]
Amortized Cost	15,703	19,755
Gross Unrealized Gains	57	26
Gross Unrealized Losses	127	392
Approximate Fair Value	15,633	19,389
Taxable Municipals [Member]
Amortized Cost	4,389	4,428
Gross Unrealized Gains	54
Gross Unrealized Losses	1	115
Approximate Fair Value	4,442	4,313
Mortgage Backed Securities [Member]
Amortized Cost	25,077	31,366
Gross Unrealized Gains	111	11
Gross Unrealized Losses	137	992
Approximate Fair Value	$ 25,051	$ 30,385

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Less than 12 Months	$ 9,423	$ 6,891
Unrealized Losses, Less than 12 Months	51	113
Fair Value, 12 Months or More	16,518	46,302
Unrealized Losses, 12 Months or More	214	1,535
Fair Value, Total	25,941	53,193
Unrealized Losses, Total	265	1,648
Corporate Bonds [Member]
Fair Value, Less than 12 Months		1,713
Unrealized Losses, Less than 12 Months		43
Fair Value, 12 Months or More		1,423
Unrealized Losses, 12 Months or More		106
Fair Value, Total		3,136
Unrealized Losses, Total		149
U.S. Government Agencies [Member]
Fair Value, Less than 12 Months	6,788	5,013
Unrealized Losses, Less than 12 Months	46	68
Fair Value, 12 Months or More	4,516	11,585
Unrealized Losses, 12 Months or More	81	324
Fair Value, Total	11,304	16,598
Unrealized Losses, Total	127	392
Taxable Municipals [Member]
Fair Value, Less than 12 Months	1,049
Unrealized Losses, Less than 12 Months	1
Fair Value, 12 Months or More		4,049
Unrealized Losses, 12 Months or More		115
Fair Value, Total	1,049	4,049
Unrealized Losses, Total	1	115
Mortgage Backed Securities [Member]
Fair Value, Less than 12 Months	1,586	165
Unrealized Losses, Less than 12 Months	4	2
Fair Value, 12 Months or More	12,002	29,245
Unrealized Losses, 12 Months or More	133	990
Fair Value, Total	13,588	29,410
Unrealized Losses, Total	$ 137	$ 992

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Investment securities activity:
Due in one year or less, amortized Cost
Due after one year through five years, amortized cost	4,710
Due after five years through ten years, amortized cost	13,211
Due after ten years, amortized cost	32,656
Amortized cost, total	50,577	$ 60,971
Due in one year or less, fair value
Due after one year through five years, fair value	4,752
Due after five years through ten years, fair value	13,295
Due after ten years, fair value	32,602
Approximate fair value	$ 50,649	$ 59,407
Due in one year or less, weighted average yield
Due after one year through five years, weighted average yield	2.53%
Due after five years through ten years, weighted average yield	3.39%
Due after ten years, weighted average yield	2.42%
Weighted average yield, total	2.68%

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Total loans and leases	$ 562,544	$ 558,174	$ 551,131	$ 553,585	$ 547,096	$ 531,969	$ 527,379	$ 516,363
Real Estate [Member]
Total loans and leases	478,916				461,537
Other Loans [Member]
Total loans and leases	1,710				598
Commercial [Member]
Total loans and leases	53,994				55,157
Commercial [Member] | Real Estate [Member]
Total loans and leases	170,436				140,862
Construction and Land Development [Member] | Real Estate [Member]
Total loans and leases	31,130				35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans and leases	242,922				249,946
Multifamily [Member] | Real Estate [Member]
Total loans and leases	13,638				13,496
Farmland [Member] | Real Estate [Member]
Total loans and leases	20,790				22,114
Agriculture [Member]
Total loans and leases	4,797				5,266
Consumer Installment Loans [Member]
Total loans and leases	$ 23,127				$ 24,538

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Total loans receivable on nonaccrual status	$ 5,156	$ 6,369
Real Estate [Member]
Total loans receivable on nonaccrual status	4,721	6,300
Consumer Installment Loans [Member]
Total loans receivable on nonaccrual status	45	8
Commercial [Member]
Total loans receivable on nonaccrual status	390	61
Commercial [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	1,601	784
Construction and Land Development [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	45	157
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	2,544	3,626
Multifamily [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status		76
Farmland [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	$ 531	$ 1,637

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Average Recorded Investment	$ 7,307	$ 9,984
Interest Income Recognized	240	368
Recorded Investment	5,575	7,976
Unpaid Principal Balance	6,986	8,952
Related Allowance	323	318
Consumer Installment Loans [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	3	6
Interest Income Recognized		1
Recorded Investment		7
Unpaid Principal Balance		7
Related Allowance		1
Consumer Installment Loans [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	2	2
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Commercial [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	507	256
Interest Income Recognized	7	3
Recorded Investment	286	109
Unpaid Principal Balance	886	109
Related Allowance	200	13
Commercial [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	578	132
Interest Income Recognized	11	1
Recorded Investment	128
Unpaid Principal Balance	178
Related Allowance
Agriculture [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Agriculture [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment		3
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance	1
Related Allowance
Commercial [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	470	1,214
Interest Income Recognized	1	16
Recorded Investment	363	435
Unpaid Principal Balance	379	539
Related Allowance	70	40
Commercial [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	2,017	2,556
Interest Income Recognized	100	95
Recorded Investment	2,416	1,887
Unpaid Principal Balance	2,478	1,941
Related Allowance
Construction and Land Development [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Construction and Land Development [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	91	199
Interest Income Recognized	7	1
Recorded Investment	70	114
Unpaid Principal Balance	346	379
Related Allowance
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	302	399
Interest Income Recognized		16
Recorded Investment	55	431
Unpaid Principal Balance	60	454
Related Allowance	44	132
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,944	3,159
Interest Income Recognized	55	175
Recorded Investment	1,263	2,880
Unpaid Principal Balance	1,460	3,168
Related Allowance
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	29	146
Interest Income Recognized	1	6
Recorded Investment		75
Unpaid Principal Balance		117
Related Allowance
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	221	361
Interest Income Recognized	11
Recorded Investment	216	345
Unpaid Principal Balance	228	358
Related Allowance	9	132
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,143	1,551
Interest Income Recognized	47	54
Recorded Investment	778	1,693
Unpaid Principal Balance	970	1,880
Related Allowance

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Loans 30-59 Days Past Due	$ 5,373				$ 4,098
Loans 60-89 Days Past Due	1,310				883
Loans 90 or More Days Past Due	1,509				1,840
Total Past Due Loans	8,192				6,821
Current Loans	554,352				540,275
Total loans and leases	562,544	$ 558,174	$ 551,131	$ 553,585	547,096	$ 531,969	$ 527,379	$ 516,363
Real Estate [Member]
Loans 30-59 Days Past Due	4,625				3,934
Loans 60-89 Days Past Due	1,286				868
Loans 90 or More Days Past Due	1,142				1,779
Total Past Due Loans	7,053				6,581
Current Loans	471,863				454,956
Total loans and leases	478,916				461,537
Commercial [Member]
Loans 30-59 Days Past Due	406				68
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	323				61
Total Past Due Loans	729				129
Current Loans	53,265				55,028
Total loans and leases	53,994				55,157
Commercial [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	502				80
Loans 60-89 Days Past Due	125				31
Loans 90 or More Days Past Due	262				137
Total Past Due Loans	889				248
Current Loans	169,547				140,614
Total loans and leases	170,436				140,862
Construction and Land Development [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	50				70
Loans 60-89 Days Past Due	18
Loans 90 or More Days Past Due	18				27
Total Past Due Loans	86				97
Current Loans	31,044				35,022
Total loans and leases	31,130				35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	3,700				3,468
Loans 60-89 Days Past Due	1,096				564
Loans 90 or More Days Past Due	710				525
Total Past Due Loans	5,506				4,557
Current Loans	237,416				245,389
Total loans and leases	242,922				249,946
Multifamily [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	262
Loans 60-89 Days Past Due					273
Loans 90 or More Days Past Due
Total Past Due Loans	262				273
Current Loans	13,376				13,223
Total loans and leases	13,638				13,496
Farmland [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	111				316
Loans 60-89 Days Past Due	47
Loans 90 or More Days Past Due	152				1,090
Total Past Due Loans	310				1,406
Current Loans	20,480				20,708
Total loans and leases	20,790				22,114
Agriculture [Member]
Loans 30-59 Days Past Due	244				22
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	21
Total Past Due Loans	265				22
Current Loans	4,532				5,244
Total loans and leases	4,797				5,266
Consumer Installment Loans [Member]
Loans 30-59 Days Past Due	98				74
Loans 60-89 Days Past Due	24				15
Loans 90 or More Days Past Due	23
Total Past Due Loans	145				89
Current Loans	22,982				24,449
Total loans and leases	23,127				24,538
Other Loans [Member]
Loans 30-59 Days Past Due
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans
Current Loans	1,710				598
Total loans and leases	$ 1,710				$ 598

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018
Total	$ 562,544	$ 558,174	$ 551,131	$ 553,585	$ 547,096	$ 531,969	$ 527,379	$ 516,363
Real Estate [Member]
Total	478,916				461,537
Substandard [Member]
Total	4,846				7,274
Special Mention [Member]
Total	8,832				10,510
Pass [Member]
Total	548,580				529,312
Doubtful [Member]
Total	286
Real Estate [Member] | Substandard [Member]
Total	4,660				7,202
Real Estate [Member] | Special Mention [Member]
Total	6,312				7,525
Real Estate [Member] | Pass [Member]
Total	467,944				446,810
Real Estate [Member] | Doubtful [Member]
Total
Commercial [Member] | Substandard [Member]
Total	118				61
Commercial [Member] | Special Mention [Member]
Total	2,504				2,940
Commercial [Member] | Pass [Member]
Total	51,086				52,156
Commercial [Member] | Doubtful [Member]
Total	286
Commercial [Member] | Real Estate [Member] | Substandard [Member]
Total	1,601				826
Commercial [Member] | Real Estate [Member] | Special Mention [Member]
Total	3,265				2,890
Commercial [Member] | Real Estate [Member] | Pass [Member]
Total	165,570				137,146
Commercial [Member] | Real Estate [Member] | Doubtful [Member]
Total
Commercial [Member]
Total	53,994				55,157
Commercial [Member] | Real Estate [Member]
Total	170,436				140,862
Construction and Land Development [Member] | Real Estate [Member]
Total	31,130				35,119
Construction and Land Development [Member] | Real Estate [Member] | Substandard [Member]
Total	23				170
Construction and Land Development [Member] | Real Estate [Member] | Special Mention [Member]
Total	360				718
Construction and Land Development [Member] | Real Estate [Member] | Pass [Member]
Total	30,747				34,231
Construction and Land Development [Member] | Real Estate [Member] | Doubtful [Member]
Total
Residential 1-4 Family [Member] | Real Estate [Member]
Total	242,922				249,946
Residential 1-4 Family [Member] | Real Estate [Member] | Substandard [Member]
Total	2,505				4,473
Residential 1-4 Family [Member] | Real Estate [Member] | Special Mention [Member]
Total	1,207				1,523
Residential 1-4 Family [Member] | Real Estate [Member] | Pass [Member]
Total	239,210				243,950
Residential 1-4 Family [Member] | Real Estate [Member] | Doubtful [Member]
Total
Multifamily [Member] | Real Estate [Member]
Total	13,638				13,496
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Total					76
Multifamily [Member] | Real Estate [Member] | Special Mention [Member]
Total					63
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Total	13,638				13,357
Multifamily [Member] | Real Estate [Member] | Doubtful [Member]
Total
Farmland [Member] | Real Estate [Member]
Total	20,790				22,114
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Total	531				1,657
Farmland [Member] | Real Estate [Member] | Special Mention [Member]
Total	1,480				2,331
Farmland [Member] | Real Estate [Member] | Pass [Member]
Total	18,779				18,126
Farmland [Member] | Real Estate [Member] | Doubtful [Member]
Total
Agriculture [Member]
Total	4,797				5,266
Agriculture [Member] | Substandard [Member]
Total	40				1
Agriculture [Member] | Special Mention [Member]
Total	4				10
Agriculture [Member] | Pass [Member]
Total	4,753				5,255
Agriculture [Member] | Doubtful [Member]
Total
Consumer Installment Loans [Member]
Total	23,127				24,538
Consumer Installment Loans [Member] | Substandard [Member]
Total	28				10
Consumer Installment Loans [Member] | Special Mention [Member]
Total	12				35
Consumer Installment Loans [Member] | Pass [Member]
Total	23,087				24,493
Consumer Installment Loans [Member] | Doubtful [Member]
Total
Other Loans [Member]
Total	1,710				598
Other Loans [Member] | Substandard [Member]
Total
Other Loans [Member] | Special Mention [Member]
Total
Other Loans [Member] | Pass [Member]
Total	1,710				598
Other Loans [Member] | Doubtful [Member]
Total

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Balance, beginning of year	$ 5,336	$ 6,196
Charge Offs	(2,454)	(1,470)
Recoveries	436	358
Provision for loan losses	2,050	252
Balance, End of period	5,368	5,336
Real Estate [Member]
Balance, beginning of year	4,401	5,101
Charge Offs	(561)	(778)
Recoveries	311	229
Provision for loan losses	(796)	(151)
Balance, End of period	3,355	4,401
Unallocated [Member]
Balance, beginning of year	275	256
Charge Offs
Recoveries
Provision for loan losses	(273)	19
Balance, End of period	2	275
Consumer Installment Loans [Member]
Balance, beginning of year	172	156
Charge Offs	(114)	(75)
Recoveries	62	44
Provision for loan losses	68	47
Balance, End of period	188	172
Commercial [Member]
Balance, beginning of year	448	660
Charge Offs	(1,762)	(617)
Recoveries	61	84
Provision for loan losses	3,042	321
Balance, End of period	1,789	448
Commercial [Member] | Real Estate [Member]
Balance, beginning of year	1,386	1,989
Charge Offs	(192)	(334)
Recoveries	16	73
Provision for loan losses	38	(342)
Balance, End of period	1,248	1,386
Construction and Land Development [Member] | Real Estate [Member]
Balance, beginning of year	202	191
Charge Offs		(96)
Recoveries	34	11
Provision for loan losses	(78)	96
Balance, End of period	158	202
Residential 1-4 Family [Member] | Real Estate [Member]
Balance, beginning of year	2,437	2,400
Charge Offs	(336)	(290)
Recoveries	202	73
Provision for loan losses	(567)	254
Balance, End of period	1,736	2,437
Multifamily [Member] | Real Estate [Member]
Balance, beginning of year	89	106
Charge Offs
Recoveries	30
Provision for loan losses	(15)	(17)
Balance, End of period	104	89
Farmland [Member] | Real Estate [Member]
Balance, beginning of year	287	415
Charge Offs	(33)	(58)
Recoveries	29	72
Provision for loan losses	(174)	(142)
Balance, End of period	109	287
Agriculture [Member]
Balance, beginning of year	37	20
Charge Offs	(17)
Recoveries	2	1
Provision for loan losses	5	16
Balance, End of period	27	37
Other Loans [Member]
Balance, beginning of year	3	3
Charge Offs
Recoveries
Provision for loan losses	4
Balance, End of period	$ 7	$ 3

ALLOWANCE FOR LOAN LOSSES (De_2

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Allowance for loan losses, individually evaluated for impairment	$ 323				$ 318
Allowance for loan losses, collectively evaluated for impairment	5,045				5,018
Allowance for loan losses, total	5,368				5,336				$ 6,196
Recorded investment in loans, individually evaluated for impairment	5,575				7,976
Recorded investment in loans, collectively evaluated for impairment	556,969				539,120
Recorded investment in loans, total	562,544	$ 558,174	$ 551,131	$ 553,585	547,096	$ 531,969	$ 527,379	$ 516,363
Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	123				304
Allowance for loan losses, collectively evaluated for impairment	3,232				4,097
Allowance for loan losses, total					4,401
Recorded investment in loans, individually evaluated for impairment	5,161				7,860
Recorded investment in loans, collectively evaluated for impairment	473,755				453,677
Recorded investment in loans, total	478,916				461,537
Commercial [Member]
Allowance for loan losses, individually evaluated for impairment	200				13
Allowance for loan losses, collectively evaluated for impairment	1,589				435
Allowance for loan losses, total	1,789				448
Recorded investment in loans, individually evaluated for impairment	414				109
Recorded investment in loans, collectively evaluated for impairment	53,580				55,048
Recorded investment in loans, total	53,994				55,157
Commercial [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	70				40
Allowance for loan losses, collectively evaluated for impairment	1,178				1,346
Allowance for loan losses, total	1,248				1,386
Recorded investment in loans, individually evaluated for impairment	2,779				2,322
Recorded investment in loans, collectively evaluated for impairment	167,657				138,540
Recorded investment in loans, total	170,436				140,862
Unallocated [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	2				275
Allowance for loan losses, total	2				275				256
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment
Recorded investment in loans, total
Construction and Land Development [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	158				202
Allowance for loan losses, total	158				202
Recorded investment in loans, individually evaluated for impairment	70				114
Recorded investment in loans, collectively evaluated for impairment	31,060				35,005
Recorded investment in loans, total	31,130				35,119
Residential 1-4 Family [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	44				132
Allowance for loan losses, collectively evaluated for impairment	1,692				2,305
Allowance for loan losses, total	1,736				2,437
Recorded investment in loans, individually evaluated for impairment	1,318				3,311
Recorded investment in loans, collectively evaluated for impairment	241,604				246,635
Recorded investment in loans, total	242,922				249,946
Multifamily [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	104				89
Allowance for loan losses, total	104				89
Recorded investment in loans, individually evaluated for impairment					75
Recorded investment in loans, collectively evaluated for impairment	13,638				13,421
Recorded investment in loans, total	13,638				13,496
Farmland [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	9				132
Allowance for loan losses, collectively evaluated for impairment	100				155
Allowance for loan losses, total	109				287
Recorded investment in loans, individually evaluated for impairment	994				2,038
Recorded investment in loans, collectively evaluated for impairment	19,796				20,076
Recorded investment in loans, total	20,790				22,114
Agriculture [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	27				37
Allowance for loan losses, total	27				37				20
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment	4,797				5,266
Recorded investment in loans, total	4,797				5,266
Consumer Installment Loans [Member]
Allowance for loan losses, individually evaluated for impairment					1
Allowance for loan losses, collectively evaluated for impairment	188				171
Allowance for loan losses, total	188				172				156
Recorded investment in loans, individually evaluated for impairment					7
Recorded investment in loans, collectively evaluated for impairment	23,127				24,531
Recorded investment in loans, total	23,127				24,538
Other Loans [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	7				3
Allowance for loan losses, total	7				3				$ 3
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment	1,710				598
Recorded investment in loans, total	$ 1,710				$ 598

TROUBLED DEBT RESTRUCTURINGS (D

TROUBLED DEBT RESTRUCTURINGS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
# of Loans	2
Pre-Mod. Recorded Investment	$ 455
Post-Mod. Recorded Investment	$ 455
Real Estate [Member]
# of Loans	2
Pre-Mod. Recorded Investment	$ 455
Post-Mod. Recorded Investment	$ 455
Consumer Installment Loans [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Other Loans [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Agriculture [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Commercial [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Commercial [Member] | Real Estate [Member]
# of Loans	1
Pre-Mod. Recorded Investment	$ 150
Post-Mod. Recorded Investment	$ 150
Construction and Land Development [Member] | Real Estate [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Residential 1-4 Family [Member] | Real Estate [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Multifamily [Member] | Real Estate [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Farmland [Member] | Real Estate [Member]
# of Loans	1
Pre-Mod. Recorded Investment	$ 305
Post-Mod. Recorded Investment	$ 305

BANK PREMISES AND EQUIPMENT (De

BANK PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Bank premises and equipment, gross, total	$ 40,968	$ 41,964
Less accumulated depreciation	(18,726)	(17,769)
Bank premises and equipment, net, total	22,242	24,195
Land [Member]
Bank premises and equipment, gross, total	7,485	7,904
Buildings and Improvements [Member]
Bank premises and equipment, gross, total	16,227	17,642
Furniture And Other Equipment [Member]
Bank premises and equipment, gross, total	16,253	16,418
Construction in Progress [Member]
Bank premises and equipment, gross, total	$ 1,003

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total pre-tax book income	$ 2,581	$ 1,068
Domestic [Member]
Total pre-tax book income	$ 2,581	$ 1,068

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Total current income tax expense (benefit)	$ (35)	$ (45)
Total deferred income tax expense	556	195
Income tax expense	522	149
Federal [Member]
Total current income tax expense (benefit)	(35)	(45)
Total deferred income tax expense	557	194
State [Member]
Total current income tax expense (benefit)
Total deferred income tax expense

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at the applicable federal rate	$ 542	$ 224
Nondeductible expenses	10	5
Tax exempt interest income	(11)	(17)
Bank owned life insurance	(13)	(12)
Other adjustments	(6)	(51)
Income tax expense	$ 522	$ 149

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Deferred Tax Assets
Allowance for loan losses	$ 1,127	$ 1,121
Deferred compensation	90	90
Nonaccrual loan interest	439	464
Other real estate owned	127	340
Amortization of core deposits	28	40
Amortization of goodwill	144	202
Capitalized interest and repair expense	23	24
Net operating loss carryforward	3,631	3,730
AMT carryforward	320	339
Unrealized loss on securities available for sale		328
Total Assets, gross	5,929	6,678
Valuation allowance
Total Assets, net	5,929	6,678
Deferred Tax Liabilities
Accelerated depreciation	937	878
Accrued employee benefits	11	(6)
Unrealized gain on securities available for sale	15
Prepaid expenses	59	15
Deferred loan costs	331	315
Total Liabilities, gross	1,353	1,202
Net Deferred Tax Asset	$ 4,576	$ 5,476

TIME DEPOSITS (Details)

TIME DEPOSITS (Details) $ in Thousands	Dec. 31, 2019USD ($)
Notes to Financial Statements
2020	$ 156,640
2021	49,058
2022	20,948
2023	19,611
2024	11,149
After five years
Total	$ 257,406

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Beginning balance	$ 2,553	$ 6,568
New loans and advances on lines	1,925	2,048
Payments and other reductions	(2,021)	(6,063)
Ending balance	$ 2,457	$ 2,553

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Real Estate [Abstract]
Balance, beginning of year	$ 5,937	$ 6,859
Additions	811	1,719
Transfers from premises and equipment	683
Proceeds from sales	(1,322)	(1,405)
Proceeds from insurance claims	(19)
Loans made to finance sales	(2,360)	(569)
Adjustment of carrying value	(214)	(542)
Deferred gain from sales		10
Losses from sales	(123)	(135)
Balance, end of year	$ 3,393	$ 5,937

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
2020	$ 534
2021	511
2022	530
2023	544
2024	546
Thereafter	4,528
Total lease payments	7,193
Less imputed interest	1,358
Total	$ 5,835

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Balance for the year		$ 5,835	$ 4,942
Average weighted balance		$ 22,481	$ 26,106
Average interest rate paid during the year		3.89%	3.53%
Average interest rate at year end		3.64%	3.67%
Revolving Advances [Member]
Balance for the year	[1]
Highest balance at any month-end	[1]		12,000
Average weighted balance	[1]		$ 2,367
Average interest rate paid during the year	[1]		2.19%
Average interest rate at year end	[1]
Federal Funds Lines [Member]
Balance for the year	[2]		$ 3,630
Highest balance at any month-end	[2]		3,630
Average weighted balance	[2]	$ 10	$ 109
Average interest rate paid during the year	[2]	3.32%	2.80%
Average interest rate at year end	[2]		3.28%
Loans Short-Term[Member]
Balance for the year	[3]		$ 2,000
Highest balance at any month-end	[3]	2,000	2,000
Average weighted balance	[3]	$ 975	$ 1,159
Average interest rate paid during the year	[3]	1.26%	1.43%
Average interest rate at year end	[3]		0.99%
Loans Long-Term [Member]
Balance for the year	[4]	$ 5,000	$ 5,000
Highest balance at any month-end	[4]	5,000	7,000
Average weighted balance	[4]	$ 5,000	$ 5,975
Average interest rate paid during the year	[4]	1.36%	1.28%
Average interest rate at year end	[4]	1.34%	1.34%
NPB Capital Trust I [Member]
Balance for the year	[5]	$ 11,341	$ 11,341
Highest balance at any month-end	[5]	11,341	11,341
Average weighted balance	[5]	$ 11,341	$ 11,341
Average interest rate paid during the year	[5]	5.09%	4.96%
Average interest rate at year end	[5]	4.59%	5.04%
NPB Capital Trust 2 [Member]
Balance for the year	[5]	$ 5,155	$ 5,155
Highest balance at any month-end	[5]	5,155	5,155
Average weighted balance	[5]	$ 5,155	$ 5,155
Average interest rate paid during the year	[5]	4.25%	4.08%
Average interest rate at year end	[5]	3.76%	4.21%
[1]	The Bank has the ability to borrow up to an additional $154.4 million from the FHLB under a line of credit which is secured by a blanket lien on residential real estate loans. The Bank had no overnight borrowings subject to daily rate changes from the FHLB at December 31, 2019 or 2018. We have used our line of credit with FHLB to issue letters of credit totaling $17.0 million to the Treasury Board of Virginia for collateral on public funds deposited in the Bank. No draws on the letters of credit have been issued. The letters of credit are considered draws on our FHLB line of credit.
[2]	Federal funds lines consist of $20.0 million in unsecured federal funds line of credit facilities with correspondent banks as of both December 31, 2019 and 2018, exclusive of any outstanding balance.
[3]	At December 31, 2019, there were no short-term FHLB advance borrowings outstanding. Short-term FHLB advances at December 31, 2018 consisted of $2.0 million at a fixed rate of 0.99% due in 2019.
[4]	At December 31, 2019 and 2018, long term FHLB advances consisted of $5.0 million at a fixed rate of 1.34% due in 2021.
[5]	TPS I - On July 7, 2004, the Company completed the issuance of $11.3 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust I (TPS I). The rate is determined quarterly and floats based on the 3 month LIBOR plus 260 basis points.

BORROWED FUNDS (Details 1)

BORROWED FUNDS (Details 1) $ in Thousands	Dec. 31, 2019USD ($)
Borrowed Funds
2020
2021	5,000
2022
2023
2024
2025 and thereafter	16,496
Total	$ 21,496

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Commitments To Extend Credit [Member]
Financial instruments with off-balance sheet risk	$ 59,552	$ 55,144
Standby Letters of Credit [Member]
Financial instruments with off-balance sheet risk	$ 2,582	$ 2,798

CAPITAL (Details)

CAPITAL (Details) - Bank - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Total Capital to Risk Weighted Assets, Actual, Amount	$ 72,109	$ 70,002
Total Capital to Risk Weighted Assets, Actual, Ratio	14.83%	14.39%
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 38,910	$ 38,912
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	8.00%	8.00%
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 48,637	$ 48,640
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	10.00%	10.00%
Tier 1 Capital Risk Weighted Assets, Actual, Amount	$ 66,741	$ 64,666
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	13.72%	13.29%
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 29,182	$ 29,184
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Ratio	6.00%	6.00%
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 38,910	$ 38,912
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	8.00%	8.00%
Tier 1 Capital to Average Assets, Actual, Amount	$ 66,741	$ 64,666
Tier 1 Capital to Average Assets, Actual, Ratio	9.43%	9.59%
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 28,313	$ 26,960
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Ratio	4.00%	4.00%
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 35,391	$ 33,700
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	5.00%	5.00%
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Amount	$ 66,741	$ 64,666
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	13.72%	13.29%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 21,887	$ 21,888
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 31,614	$ 31,616
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	6.50%	6.50%

FAIR VALUES (Details)

FAIR VALUES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 2 [Member]
Impaired loans	$ 50,649	$ 59,407
Fair Value, Inputs, Level 3 [Member]
Other real estate owned	3,393	5,937
Impaired loans	8,645	13,595
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government Agencies [Member]
Available for sale investments	15,633	19,389
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Taxable Municipals
Available for sale investments	4,442	4,313
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds
Available for sale investments	5,523	5,320
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Available for sale investments	25,051	30,385
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans	214	96
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	2,709	2,282
Construction and Land Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	70	114
Residential 1-4 Family [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	1,274	3,179
Multifamily [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans		75
Farmland [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	985	1,906
Agriculture [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans
Consumer Installment Loans [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans		$ 6

FAIR VALUES (Details 1)

FAIR VALUES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Impaired Loans
Fair Value	$ 5,252	$ 7,658
Valuation Technique	Appraised Value/Discounted Cash Flows/Market Value of Note
Significant Unobservable Inputs	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell
Other Real Estate Owned
Fair Value	$ 3,393	$ 5,937
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Significant Unobservable Inputs	Discounts to reflect current market conditions and estimated costs to sell
Minimum [Member] | Impaired Loans
General Range of Significant Unobservable Input Values	0.00%
Minimum [Member] | Other Real Estate Owned
General Range of Significant Unobservable Input Values	0.00%
Maximum [Member] | Impaired Loans
General Range of Significant Unobservable Input Values	18.00%
Maximum [Member] | Other Real Estate Owned
General Range of Significant Unobservable Input Values	18.00%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Net Loans	$ 557,176	$ 541,760
Time deposits	257,406
Fair Value, Inputs, Level 2 [Member]
Net Loans	545,243	526,767
Time deposits	259,325	258,671
FHLB advances	5,054	7,215
Fair Value, Inputs, Level 3 [Member]
Net Loans	5,252	7,658
Time deposits
FHLB advances
Reported Value Measurement [Member]
Net Loans	557,176	541,760
Time deposits	257,406	258,850
FHLB advances	5,000	7,000
Estimate of Fair Value Measurement [Member]
Net Loans	550,495	534,425
Time deposits	259,325	258,671
FHLB advances	$ 5,054	$ 7,215

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Service charges and fees										$ 3,605	$ 3,703
Card Processing and interchange income										3,014	2,809
Gain on sale and leaseback transactions	[1]									803
Insurance and investment fees										663	603
Other noninterest income										567	492
Total Noninterest Income		$ 2,051	$ 2,855	$ 1,969	$ 1,777	$ 63	$ 63	$ 63	$ 63	$ 8,652	$ 7,607
[1]	Not within the scope of ASU 2014-9

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Noninterest Expenses
Advertising	$ 315	$ 437
ATM network expense	1,832	1,731
Legal and professional fees	1,842	1,353
Loan related expenses	581	573
Printing and supplies	146	289
FDIC insurance premiums	222	381
Other real estate owned expenses, net	635	1,026
Other operating expenses	2,263	2,596
Total	$ 7,836	$ 8,386

PARENT CORPORATION ONLY FINAN_3

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Due from banks	$ 13,998				$ 12,245
Other assets	10,238				10,318
LIABILITIES
Accrued interest payable	694				587
Accrued expenses and other liabilities	2,269				2,245
Total Liabilities	651,771				630,892
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2019 and 2018	47,844				47,844
Retained deficit	(7,869)				(9,928)
Accumulated other comprehensive income (loss)	57				(1,236)
Total Stockholders' Equity	54,602	$ 54,206	$ 53,179	$ 52,026	51,250	$ 49,905	$ 50,019	$ 50,231	$ 50,973
Total Liabilities and Stockholders' Equity	$ 706,373				$ 682,142
Common stock, par value (in dollars per share)	$ 2				$ 2
Common stock, authorized	50,000,000				50,000,000
Common stock, issued	23,922,086				23,922,086
Common stock, outstanding	23,922,086				23,922,086
Parent Company [Member]
ASSETS
Due from banks	$ 209				$ 361
Investment in subsidiaries	69,463				66,095
Other assets	1,737				1,563
Total Assets	71,409				68,019
LIABILITIES
Accrued interest payable	182				197
Accrued expenses and other liabilities	129				76
Trust preferred securities	16,496				16,496
Total Liabilities	16,807				16,769
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2019 and 2018	47,844				47,844
Additional paid capital	14,570				14,570
Retained deficit	(7,869)				(9,928)
Accumulated other comprehensive income (loss)	57				(1,236)
Total Stockholders' Equity	54,602				51,250
Total Liabilities and Stockholders' Equity	$ 71,409				$ 68,019
Common stock, par value (in dollars per share)	$ 2				$ 2
Common stock, authorized	50,000,000				50,000,000
Common stock, issued	23,922,086				23,922,086
Common stock, outstanding	23,922,086				23,922,086

PARENT CORPORATION ONLY FINAN_4

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Expenses
Other operating expenses									$ 7,836	$ 8,386
Total Noninterest Expenses	$ 7,006	$ 7,079	$ 7,684	$ 7,228	$ 7,381	$ 7,579	$ 7,895	$ 7,639	28,997	30,494
INCOME BEFORE INCOME TAXES									2,581	1,068
Income Tax Benefit									522	149
NET INCOME	$ 432	$ 876	$ 345	$ 406	$ 680	$ 208	$ (49)	$ 80	2,059	919
Parent Company [Member]
Income
Miscellaneous income									26	23
Dividends from subsidiaries									760
Undistributed income of subsidiaries									2,076	1,681
Total income									2,862	1,704
Expenses
Trust preferred securities interest expense									796	773
Professional fees									154	147
Other operating expenses									60	66
Total Noninterest Expenses									1,010	986
INCOME BEFORE INCOME TAXES									1,852	717
Income Tax Benefit									(207)	(202)
NET INCOME									$ 2,059	$ 919

PARENT CORPORATION ONLY FINAN_5

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Cash Flows From Operating Activities
Net income	$ 432	$ 876	$ 345	$ 406	$ 680	$ 208	$ (49)	$ 80	$ 2,059	$ 919
Adjustments to reconcile net income to net cash used in operating activities:
Net decrease (increase) in other assets									265	51
Net Cash Provided by Operating Activities									11,548	4,401
Net increase (decrease) in cash and cash equivalents									21,974	(4,532)
Cash and Cash Equivalents, Beginning of the Year				28,173				32,705	28,173	32,705
Cash and Cash Equivalents, End of the Year	50,147				28,173				50,147	28,173
Supplemental Disclosure of Cash Paid During the Year for:
Interest									5,872	4,104
Taxes									(34)	320
Parent Company [Member]
Cash Flows From Operating Activities
Net income									2,059	919
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed earnings of subsidiaries									(2,075)	(1,680)
Net decrease (increase) in other assets									(174)	(203)
Net increase in other liabilities									38	105
Net Cash Provided by Operating Activities									(152)	(859)
Net increase (decrease) in cash and cash equivalents									(152)	(859)
Cash and Cash Equivalents, Beginning of the Year				$ 361				$ 1,220	361	1,220
Cash and Cash Equivalents, End of the Year	$ 209				$ 361				209	361
Supplemental Disclosure of Cash Paid During the Year for:
Interest									811	715
Taxes									$ (34)	$ 320

SELECTED QUARTERLY INFORMATIO_3

SELECTED QUARTERLY INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income statement
Net interest income	$ 6,252	$ 6,347	$ 6,282	$ 6,095	$ 6,123	$ 6,027	$ 5,979	$ 6,078	$ 24,976	$ 24,207
Provision for loan losses	760	1,020	135	135	2,069	1,917	1,870	1,750	2,050	252
Noninterest income	2,051	2,855	1,969	1,777	63	63	63	63	8,652	7,607
Noninterest expense	7,006	7,079	7,684	7,228	7,381	7,579	7,895	7,639	28,997	30,494
Net income (loss)	$ 432	$ 876	$ 345	$ 406	$ 680	$ 208	$ (49)	$ 80	$ 2,059	$ 919
Earnings (loss) per share, basic and diluted	$ 0.02	$ 0.04	$ 0.01	$ 0.02	$ 0.03	$ 0.01	$ 0	$ 0	$ 0.09	$ 0.04
Period end balance sheet
Loans receivable	$ 562,544	$ 558,174	$ 551,131	$ 553,585	$ 547,096	$ 531,969	$ 527,379	$ 516,363	$ 562,544	$ 547,096
Total assets	706,373	706,939	701,952	721,868	682,142	679,517	685,123	671,570	706,373	682,142
Total deposits	621,477	621,603	619,313	638,409	595,992	598,212	591,551	589,947	621,477	595,992
Total stockholders' equity	$ 54,602	$ 54,206	$ 53,179	$ 52,026	$ 51,250	$ 49,905	$ 50,019	$ 50,231	$ 54,602	$ 51,250	$ 50,973