New Peoples Bankshares (NWPP) 10-K 8 Apr 21 2020 FY Annual report Financial data

Cover

Cover - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Mar. 31, 2021	Jun. 30, 2020
Cover [Abstract]
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, 2020
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			$ 14,465,501
Entity Common Stock, Shares Outstanding		23,922,086
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and due from banks	$ 16,023	$ 13,998
Interest-bearing deposits with banks	76,105	35,897
Federal funds sold	222	252
Total Cash and Cash Equivalents	92,350	50,147
Investment securities available-for-sale	48,406	50,649
Loans held for sale	389	2
Loans receivable	575,566	562,544
Allowance for loan losses	(7,191)	(5,368)
Net Loans	568,375	557,176
Bank premises and equipment, net	22,174	22,242
Other real estate owned	3,334	3,393
Accrued interest receivable	2,392	2,115
Deferred taxes, net	3,126	4,576
Right-of-use assets - operating leases	5,439	5,835
Other assets	10,317	10,238
Total Assets	756,302	706,373
Deposits
Noninterest bearing	223,725	170,782
Interest-bearing	444,287	450,695
Total Deposits	668,012	621,477
Borrowed funds	21,496	21,496
Lease liabilities - operating leases	5,439	5,835
Accrued interest payable	436	694
Accrued expenses and other liabilities	2,742	2,269
Total Liabilities	698,125	651,771
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, 2020 and 2019, respectively	47,844	47,844
Additional paid-in capital	14,570	14,570
Retained deficit	(4,979)	(7,869)
Accumulated other comprehensive income	742	57
Total Stockholders' Equity	58,177	54,602
Total Liabilities and Stockholders' Equity	$ 756,302	$ 706,373

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
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, 2020	Dec. 31, 2019
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 28,638	$ 28,601
Federal funds sold	1	5
Interest-earning deposits with banks	208	805
Investments	1,048	1,388
Dividends on equity securities (restricted)	141	156
Total Interest and Dividend Income	30,036	30,955
INTEREST EXPENSE
Deposits	4,284	5,105
Borrowed funds	609	874
Total Interest Expense	4,893	5,979
NET INTEREST INCOME	25,143	24,976
PROVISION FOR LOAN LOSSES	2,300	2,050
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	22,843	22,926
NONINTEREST INCOME
Service charges and fees	3,217	3,605
Card Processing and interchange income	3,314	3,014
Insurance and investment fees	716	663
Net gain on sales of available-for-sale securities	4
Gain on sale and leaseback transaction		803
Other noninterest income	896	567
Total Noninterest Income	8,147	8,652
NONINTEREST EXPENSES
Salaries and employee benefits	13,228	14,106
Occupancy and equipment expenses	4,536	4,514
Data processing and telecommunications	2,497	2,541
Other operating expenses	6,736	7,836
Total Noninterest Expenses	26,997	28,997
INCOME BEFORE INCOME TAXES	3,993	2,581
INCOME TAX EXPENSE	1,103	522
NET INCOME	$ 2,890	$ 2,059
Income Per Share
Basic and Diluted (in dollars per share)	$ 0.12	$ 0.09
Average Weighted Shares of Common Stock
Basic and Diluted (in shares)	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Consolidated Statements Of Comprehensive Income Loss
NET INCOME	$ 2,890	$ 2,059
Investment securities activity:
Unrealized gains arising during the year	871	1,636
Reclassification adjustment for net gains included in net income	(4)
Other comprehensive gains on investment securities	867	1,636
Related tax expense	(182)	(343)
TOTAL OTHER COMPREHENSIVE INCOME	685	1,293
TOTAL COMPREHENSIVE INCOME	$ 3,575	$ 3,352

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 beginning at Dec. 31, 2018	$ 47,844	$ 14,570	$ (9,928)	$ (1,236)	$ 51,250
Balance at beginning (in shares) at Dec. 31, 2018	23,922
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					406
Balance at ending at Mar. 31, 2019					52,026
Balance at beginning at Dec. 31, 2018	$ 47,844	14,570	(9,928)	(1,236)	51,250
Balance at beginning (in shares) at Dec. 31, 2018	23,922
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 ending at Dec. 31, 2019	$ 47,844	14,570	(7,869)	57	$ 54,602
Balance at ending (in shares) at Dec. 31, 2019	23,922				23,922,086
Balance at beginning at Mar. 31, 2019					$ 52,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					345
Balance at ending at Jun. 30, 2019					53,179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					876
Balance at ending at Sep. 30, 2019					54,206
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					432
Balance at ending at Dec. 31, 2019	$ 47,844	14,570	(7,869)	57	$ 54,602
Balance at ending (in shares) at Dec. 31, 2019	23,922				23,922,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					$ 46
Balance at ending at Mar. 31, 2020					55,251
Balance at beginning at Dec. 31, 2019	$ 47,844	14,570	(7,869)	57	$ 54,602
Balance at beginning (in shares) at Dec. 31, 2019	23,922				23,922,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			2,890		$ 2,890
Other comprehensive loss, net of tax				685	685
Balance at ending at Dec. 31, 2020	$ 47,844	14,570	(4,979)	742	$ 58,177
Balance at ending (in shares) at Dec. 31, 2020	23,922				23,922,086
Balance at beginning at Mar. 31, 2020					$ 55,251
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					29
Balance at ending at Jun. 30, 2020					55,473
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					1,424
Balance at ending at Sep. 30, 2020					56,919
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					1,391
Balance at ending at Dec. 31, 2020	$ 47,844	$ 14,570	$ (4,979)	$ 742	$ 58,177
Balance at ending (in shares) at Dec. 31, 2020	23,922				23,922,086

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 2,890	$ 2,059
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	2,189	2,311
Provision for loan losses	2,300	2,050
Income on bank owned life insurance	(77)	(63)
Gain on sale of mortgage loans	(174)	(138)
Gain on sale and leaseback transactions		(803)
Loss on sale or disposal of premises and equipment	19	1
Gain on sale of securities available-for-sale	(4)
(Gain) Loss on sale of foreclosed real estate and repossessed assets	(58)	123
Loans originated for sale	(11,948)	(7,937)
Proceeds from sales of loans originated for sale	11,735	12,432
Adjustment of carrying value of foreclosed real estate and repossessed assets	165	214
Net amortization/accretion of bond premiums/discounts	419	528
Deferred tax expense	1,103	556
Net change in:
Interest receivable	(277)	(181)
Other assets	77	265
Accrued interest payable	(258)	107
Accrued expenses and other liabilities	473	24
Net Cash Provided by Operating Activities	8,574	11,548
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(14,199)	(19,632)
Purchase of securities available-for-sale	(9,584)	(790)
Proceeds from sale of investment securities available-for-sale	1,025
Proceeds from repayments and maturities of securities available-for-sale	11,254	10,657
Net purchase of equity securities (restricted)	(22)	(14)
Payments for the purchase of premises and equipment	(2,141)	(1,550)
Proceeds from sale and leaseback transactions		550
Proceeds from sale of premises and equipment	1	9
Proceeds from insurance claims on other real estate owned		19
Proceeds from sales of other real estate owned	760	1,322
Net Cash Used in Investing Activities	(12,906)	(9,429)
CASH FLOWS FROM FINANCING ACTIVIES
Net change in short term borrowings		(5,630)
Net change in non-interest bearing deposits	52,943	6,484
Net change in interest bearing deposits	(6,408)	19,001
Net Cash Provided by Financing Activities	46,535	19,855
Net increase in cash and cash equivalents	42,203	21,974
Cash and Cash Equivalents, Beginning of the Year	50,147	28,173
Cash and Cash Equivalents, End of the Year	92,350	50,147
Supplemental Disclosure of Cash Paid During the Year for:
Interest	5,151	5,872
Taxes	(166)	(34)
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	1,128	811
Loans made to finance sale of foreclosed real estate	428	2,360
Transfer of premises and equipment to other real estate		683
Change in unrealized gains on securities available for sale	$ 867	$ 1,637

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS Nature of Operations – With the onset of the COVID-19 pandemic during the first quarter of 2020, a number of changes were implemented to our operations to ensure the safety of, both, our employees and customers. A pandemic response team was formed to manage, implement and communicate any changes, along with monitoring our compliance with state and local mandates. Branch lobbies were closed to general customer access and services were provided through drive-thru, ITM, internet and mobile banking platforms. Work from home routines were established for various support departments to mitigate the risks of possible exposure and transmission of the virus. Enhanced cleaning procedures were performed as needed at branch and support locations. Social distancing, daily self-assessments and mask requirements were implemented for employees working onsite. Additional customer support was provided by way of loans offered through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan initiative, and efforts were made to provide forbearance to borrowers impacted by the pandemic.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2020
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 held for sale – 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 Revenue from Contracts with Customers - “ Advertising Cost Reclassification Subsequent Events

INCOME PER SHARE

INCOME PER SHARE	12 Months Ended
	Dec. 31, 2020
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. For the years ended December 31, 2020 and 2019, there were no dilutive 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, 2020 2019 Net income $ 2,890 $ 2,059 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 $ 0.12 $ 0.09

DEPOSITS IN AND FEDERAL FUNDS S

DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS	12 Months Ended
	Dec. 31, 2020
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 $76.3 million and $36.1 million at December 31, 2020 and 2019, respectively. Deposit amounts at other commercial banks may, at times, exceed federally insured limits. Effective March 26, 2020, the Board of Governors of the Federal Reserve System set reserve requirements to zero. Therefore, the Bank is no longer required to maintain minimum reserve balances with the Federal Reserve Bank of Richmond (the Federal Reserve Bank). Prior to March 26, 2020, the minimum required reserve balance was computed by applying prescribed percentages to various types of deposits, either at the Bank or on deposit with the Federal Reserve Bank. 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, 2020 and 2019. Of these total commitments, all were available at December 31, 2020 and 2019. As a condition for $5.0 million of one of the unsecured fed funds line of credit, the Bank maintains a minimum deposit balance of $200 thousand with this correspondent bank. As of December 31, 2020 and 2019, the Bank was in compliance with this requirement.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2020
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, 2020 and December 31, 2019 are as follows: Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2020 U.S. Government Agencies $ 13,852 $ 322 $ 67 $ 14,107 Taxable municipals 5,157 188 — 5,345 Corporate bonds 5,893 186 31 6,048 Mortgage backed securities 22,565 388 47 22,906 Total Securities available for sale $ 47,467 $ 1,084 $ 145 $ 48,406 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 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, 2020 and December 31, 2019. Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars are in thousands) Value Losses Value Losses Value Losses December 31, 2020 U.S. Government Agencies $ 1,479 $ 12 $ 3,829 $ 55 $ 5,308 $ 67 Taxable municipals — — — — — — Corporate bonds 1,219 31 — — 1,219 31 Mtg. backed securities 7,517 44 218 3 7,735 47 Total Securities AFS $ 10,215 $ 87 $ 4,047 $ 58 $ 14,262 $ 145 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 At December 31, 2020, the available-for-sale portfolio included 42 investments for which the fair market value was less than amortized cost. At December 31, 2019, the available-for-sale portfolio included 100 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 other-than-temporary impairment at December 31, 2020 or December 31, 2019. Investment securities with a carrying value of $6.8 million and $6.9 million at December 31, 2020 and 2019, respectively, were pledged to secure public deposits and for other purposes required by law. During the year ended December 31, 2020, $1.0 million of securities were sold, realizing $4 thousand in gains. No investment securities were sold during 2019. The amortized cost and fair value of investment securities at December 31, 2020, 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 $ 540 $ 546 2.11 % Due after one year through five years 6,664 6,795 3.42 % Due after five years through ten years 9,487 9,754 2.68 % Due after ten years 30,776 31,311 1.77 % Total $ 47,467 $ 48,406 2.19 % 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, which are included in Other Assets on the consolidated balance sheet, are restricted from trading and are recorded at a cost of $2.6 million as of both December 31, 2020 and 2019. The stock has no quoted market value and no ready market exists.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans receivable outstanding at December 31, are summarized as follows: (Dollars are in thousands) 2020 2019 Real estate secured: Commercial $ 179,381 $ 170,436 Construction and land development 25,031 31,130 Residential 1-4 family 222,980 242,922 Multifamily 16,569 13,638 Farmland 18,368 20,790 Total real estate loans 462,329 478,916 Commercial 86,010 53,994 Agriculture 4,450 4,797 Consumer installment loans 20,632 23,127 All other loans 2,145 1,710 Total loans $ 575,566 $ 562,544 Included in commercial loans at December 31, 2020, are $34.8 million of PPP loans that are guaranteed by the SBA. Fees paid by SBA ranged from 1% to 5% of the amount borrowed, with 5% paid on loans up to $350 thousand, 3% on loans between $350 thousand and $2 million, and 1% on loans over $2 million. During 2020, 645 loans totaling $28.8 million with original balances of $350 thousand or less were originated, along with the origination of 23 loans totaling $15.7 million, with original balances between $350 thousand and $2 million. As a result of these originations, fees totaling $1.9 million ($1.6 million, net of fees allocated to a third party service provider) were received related to the origination of these loans, of which $994 thousand was earned in 2020. Also included in total loans above are net deferred fees, including unearned PPP loan fees in 2020, of $496 thousand and net deferred costs of $378 thousand, at December 31 2020 and 2019, respectively. Income from net deferred fees and costs is recognized as income over the lives of the respective loans as a yield adjustment. If loans repay prior to scheduled maturities any unamortized fee or cost is recognized at that time. Loans receivable on nonaccrual status at December 31, are summarized as follows: (Dollars are in thousands) 2020 2019 Real estate secured: Commercial $ 2,225 $ 1,601 Construction and land development 57 45 Residential 1-4 family 2,700 2,544 Farmland 101 531 Total real estate loans 5,083 4,721 Commercial 453 390 Consumer installment and other loans 12 45 Total loans receivable on nonaccrual status $ 5,548 $ 5,156 Total interest income not recognized on nonaccrual loans for 2020 and 2019 was $494 thousand and $714 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. No similar loan sales were transacted in 2020. Under the provisions of the CARES Act, or related guidance issued by banking regulators, modifications, mainly in the form of short-term payment deferrals, were granted on 786 loans. At December 31, 2020, 673 loans totaling $110.7 million had completed their forbearance period and resumed a normal payment schedule. Fifteen loans totaling $836 thousand remained in forbearance. The remaining 98 accounts have repaid in full, or been refinanced at market terms and conditions. Of the accounts that received some form of forbearance during the year, at December 31, 2020, $21.4 million were to lessors of residential properties, $16.0 million to lessors of non-residential properties, $12.4 million to hotels and restaurants, and $6.0 million to coal and gas mining operations. At December 31, 2020, fifteen loans totaling $836 thousand remain in forbearance, while the remaining loans have resumed a normal repayment schedule. The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2020 and December 31, 2019: As of December 31, 2020 (Dollars are in thousands) Average Recorded Interest Income Recorded Investment Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 1,680 $ 16 $ 385 $ 386 $ — Construction and land development 89 18 99 376 — Residential 1-4 family 1,788 53 1,662 1,898 — Multifamily — — — — — Farmland 550 59 391 560 — Commercial 59 — — — — Agriculture — — — — — Consumer installment loans 4 — 5 6 — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 707 — 1,566 1,678 574 Construction and land development — — — — — Residential 1-4 family 150 3 337 365 72 Multifamily — — — — — Farmland 212 9 208 220 2 Commercial 214 12 429 437 404 Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 5,453 $ 170 $ 5,082 $ 5,926 $ 1,052 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 An age analysis of past due loans receivable is below. At December 31, 2020 and 2019, there were no loans over 90 days past due that were accruing. As of December 31, 2020 (Dollars are in thousands) 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 Total Loans Real estate secured: Commercial $ 969 $ — $ — $ 969 $ 178,412 $ 179,381 Construction and land development 64 — — 64 24,967 25,031 Residential 1-4 family 5,717 615 690 7,022 215,958 222,980 Multifamily — — — — 16,569 16,569 Farmland 57 — — 57 18,311 18,368 Total real estate loans 6,807 615 690 8,112 454,217 462,329 Commercial 214 — — 214 85,796 86,010 Agriculture 7 1 — 8 4,442 4,450 Consumer installment Loans 214 22 — 236 20,396 20,632 All other loans — — — — 2,145 2,145 Total loans $ 7,242 $ 638 $ 690 $ 8,570 $ 566,996 $ 575,566 As of December 31, 2019 (Dollars are in thousands) 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 Total Loans Real estate secured: Commercial $ 502 $ 125 $ 262 $ 889 $ 169,547 $ 170,436 Construction and land development 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 Loans 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 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 Based on the most recent analysis performed, the risk category of loans receivable was as follows: As of December 31, 2020 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 171,212 $ 6,112 $ 2,057 $ — $ 179,381 Construction and land development 23,168 1,806 57 — 25,031 Residential 1-4 family 218,947 1,304 2,729 — 222,980 Multifamily 16,337 232 — — 16,569 Farmland 17,019 1,249 100 — 18,368 Total real estate loans 446,683 10,703 4,943 — 462,329 Commercial 81,846 3,711 453 — 86,010 Agriculture 4,255 195 — — 4,450 Consumer installment loans 20,615 5 12 — 20,632 All other loans 2,145 — — — 2,145 Total $ 555,544 $ 14,614 $ 5,408 $ — $ 575,566 As of December 31, 2019 (Dollars are in thousands) Pass Special Mention 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

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 7 ALLOWANCE FOR LOAN LOSSES The following tables present activity in the allowance for loan losses for the year ended December 30, 2020 and 2019. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of December 30, 2020 and 2019. Real estate secured Construction Consumer and Land Residential and All (Dollars are in thousands) Commercial Development 1-4 family Multifamily Farmland Commercial Agriculture Other Unallocated Total Year ended December 31, 2020 Beginning balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Charge-offs (65 ) — (165 ) — (42 ) (329 ) (15 ) (85 ) — (701 ) Recoveries 57 — 38 — 33 40 1 55 — 224 Provision 1,041 75 342 47 (3 ) 775 27 (2 ) (2 ) 2,300 Ending balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Allowance for loan losses at December 31, 2020 Individually evaluated for impairment $ 574 $ — $ 72 $ — $ 2 $ 404 $ — $ — $ — $ 1,052 Collectively evaluated for impairment 1,707 233 1,879 151 95 1,871 40 163 — 6,139 $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Loans at December 31, 2020 Individually evaluated for impairment $ 1,951 $ 99 $ 1,999 $ — $ 599 $ 429 $ — $ 5 $ — $ 5,082 Collectively evaluated for impairment 177,430 24,932 220,981 16,569 17,769 85,581 4,450 22,772 — 570,484 $ 179,381 $ 25,031 $ 222,980 $ 16,569 $ 18,368 $ 86,010 $ 4,450 $ 22,777 $ — $ 575,566 Real estate secured Construction Consumer and Land Residential and All (Dollars are in thousands) Commercial Development 1-4 family Multifamily Farmland Commercial Agriculture Other Unallocated Total Year ended December 31, 2019 Beginning balance $ 1,386 $ 202 $ 2,437 $ 89 $ 287 $ 448 $ 37 $ 175 $ 275 $ 5,336 Charge-offs (192 ) — (336 ) — (33 ) (1,762 ) (17 ) (114 ) — (2,454 ) Recoveries 16 34 202 30 29 61 2 62 — 436 Provision 38 (78 ) (567 ) (15 ) (174 ) 3,042 5 72 (273 ) 2,050 Ending balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Allowance for loan losses at December 31, 2019 Individually evaluated for impairment $ 70 $ — $ 44 $ — $ 9 $ 200 $ — $ — $ — $ 323 Collectively evaluated for impairment 1,178 158 1,692 104 100 1,589 27 195 2 5,045 $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Loans at December 31, 2019 Individually evaluated for impairment $ 2,779 $ 70 $ 1,318 $ — $ 994 $ 414 $ — $ — $ — $ 5,575 Collectively evaluated for impairment 167,657 31,060 241,604 13,638 19,796 53,580 4,797 24,837 — 556,969 $ 170,436 $ 31,130 $ 242,922 $ 13,638 $ 20,790 $ 53,994 $ 4,797 $ 24,837 $ — $ 562,544 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. Due to the underlying SBA guarantee provided for PPP loans, these accounts were not included in either the portfolio segment or impairment calculations at December 31, 2020. Additionally, due to uncertainties presented by the ongoing pandemic and the resulting economic uncertainty, internal and external qualitative factors were revised accordingly. This revision included reviewing our internal scoring related to loan modifications and extensions, and external factors, specifically, unemployment and other economic factors.

TROUBLED DEBT RESTRUCTURINGS

TROUBLED DEBT RESTRUCTURINGS	12 Months Ended
	Dec. 31, 2020
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS At December 31, 2020, loans classified as troubled debt restructurings totaled $4.0 million compared to $4.3 million at December 31, 2019. The following table presents information related to loans modified as troubled debt restructurings during the years ended December 31, 2020 and 2019. December 31, 2020 December 31, 2019 (Dollars are in thousands) # of Pre-Mod. Post-Mod. # of Pre-Mod. Post-Mod. Real estate secured: Commercial 3 $ 190 $ 190 1 $ 150 $ 150 Construction and land Development — — — — — — Residential 1-4 family 27 1,236 1,236 — — — Multifamily — — — — — — Farmland — — — 1 305 305 Total real estate loans 30 1,426 1,426 2 455 455 Commercial — — — — — — Agriculture — — — — — — Consumer installment loans 2 7 7 — — — All other loans — — — — — — Total 32 $ 1,433 $ 1,433 2 $ 455 $ 455 As discussed in Note 6, during the year ended December 31, 2020 modifications were granted on 786 loans with a gross aggregate balance of $119.6 million, under the provisions of the CARES Act. The characteristics of these modifications are considered short-term and did not result in a reclassification of the loans as troubled debt restructurings, as the accounts met the requirements stated in the CARES Act and had not been subject to prior modification. During the year ended December 31, 2020, the Company modified the terms of thirty-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 or maturity date were changed. 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. Three loans totaling $142 thousand, modified as troubled debt restructurings during 2020, have since failed to perform in accordance with the revised terms and have been placed, or remained in nonaccrual status at December 31, 2020. Two loans modified as troubled debt restructurings defaulted during the year ended December 31, 2019. 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 these loans.

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
BANK PREMISES AND EQUIPMENT	NOTE 9 BANK PREMISES AND EQUIPMENT Depreciation expense for 2020 and 2019 was $2.2 million and $2.3 million, respectively. Bank premises and equipment at December 31, 2020 and 2019 are summarized as follows: (Dollars are in thousands) 2020 2019 Land $ 7,796 $ 7,485 Buildings and improvements 17,287 16,227 Furniture and equipment 16,900 16,253 Construction in progress 1,025 1,003 43,008 40,968 Less accumulated depreciation (20,834 ) (18,726 ) Bank Premises and Equipment $ 22,174 $ 22,242 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, 2020
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, 2020 and 2019. The source of pre-tax book income is summarized as follows for the years ended December 31: (Dollars are in thousands) 2020 2019 Pre-tax book income Domestic $ 3,993 $ 2,581 Total pre-tax book income $ 3,993 $ 2,581 Income tax expense is summarized as follows for the years ended December 31: (Dollars are in thousands) 2020 2019 Current income tax expense (benefit) Federal $ (200 ) $ (35 ) State — — Total current income tax expense (benefit) (200 ) (35 ) Deferred income tax expense Federal 1,304 557 State (1 ) — Total deferred income tax expense 1,303 557 Income tax expense $ 1,103 $ 522 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, 2020 and 2019, respectively: (Dollars are in thousands) 2020 2019 Income tax expense (benefit) at the applicable federal rate74 $ 839 $ 542 Permanent differences resulting from: Nondeductible expenses 8 10 Tax exempt interest income (7 ) (11 ) Bank owned life insurance (16 ) (13 ) Other adjustments 279 (6 ) Income tax expense $ 1,103 $ 522 The net deferred tax assets and liabilities resulting from temporary differences as of December 31 are summarized as follows: (Dollars are in thousands) 2020 2019 Deferred Tax Assets Allowance for loan losses $ 1,568 $ 1,127 Deferred compensation 92 90 Nonaccrual loan interest 490 439 Other real estate owned 83 127 Amortization of core deposits 18 28 Amortization of goodwill 90 144 Capitalized interest and repair expense 23 23 Net operating loss carryforward 2,172 3,631 AMT carryforward — 320 Other 33 — Total Assets, gross 4,569 5,929 Valuation allowance — — Total Assets, net 4,569 5,929 Deferred Tax Liabilities Accelerated depreciation 869 937 Accrued employee benefits — 11 Unrealized gain on securities available for sale 197 15 Prepaid expenses 22 59 Deferred loan costs 355 331 Total Liabilities, gross 1,443 1,353 Net Deferred Tax Asset $ 3,126 $ 4,576 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, 2020 and 2019, 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 2017 are no longer subject to examination by taxing authorities.

TIME DEPOSITS

TIME DEPOSITS	12 Months Ended
	Dec. 31, 2020
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 $34.8 million and $36.2 million at December 31, 2020 and 2019, respectively. We had no brokered time deposits at either December 31, 2020 or 2019. At December 31, 2020, the scheduled maturities of time deposits are as follows (dollars are in thousands): 2021 $ 137,383 2022 44,170 2023 23,097 2024 11,283 2025 18,516 After five years — Total $ 234,449

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2020
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) 2020 2019 Beginning balance $ 2,457 $ 2,553 New loans and advances on lines 4,567 1,925 Payments and other reductions (2,837 ) (2,021 ) Ending balance $ 4,187 $ 2,457 Total related party deposits held at the Bank were $21.5 million and $42.8 million at the end of years 2020 and 2019, 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, 2020
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 $258 thousand and $299 thousand to the defined contribution plan for 2020 and 2019, 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 $17 thousand and $4 thousand for the years ended December 31, 2020 and 2019, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019: 2020 2019 (Dollars are in thousands) Balance, beginning of year $ 3,393 $ 5,937 Additions 1,128 811 Transfers from premises and equipment — 683 Proceeds from sales (687 ) (1,322 ) Proceeds from insurance claims — (19 ) Loans made to finance sales (428 ) (2,360 ) Adjustment of carrying value (132 ) (214 ) Gains (losses) from sales 60 (123 ) Balance, end of year $ 3,334 $ 3,393

BANK OWNED LIFE INSURANCE

BANK OWNED LIFE INSURANCE	12 Months Ended
	Dec. 31, 2020
Bank Owned Life Insurance
BANK OWNED LIFE INSURANCE	NOTE 15 BANK OWNED LIFE INSURANCE At December 31, 2020 and 2019, we had an aggregate total cash surrender value of $4.7 million and $4.6 million, respectively, on life insurance policies covering current and former key officers Total income for the policies during 2020 and 2019 was $77 thousand and $63 thousand, respectively.

DIVIDEND LIMITATIONS ON SUBSIDI

DIVIDEND LIMITATIONS ON SUBSIDIARY BANK	12 Months Ended
	Dec. 31, 2020
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, 2020
Leases [Abstract]
LEASING ACTIVITIES	NOTE 17 LEASING ACTIVITIES The Bank leases five branch office sites resulting from sale leaseback transactions entered into in 2017 and 2019. 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, 2020, the Bank leases five branch offices. The lease agreements have maturity dates ranging from May 2032 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, 2020, was 11.89 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, 2020 was 3.16%. The Company’s operating lease costs for the years ended December 31, 2020 and 2019, as a result of the transactions discussed above, was $552 thousand and $505 thousand, respectively. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At December 31, 2020, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2021 $ 511 2022 530 2023 544 2024 546 2025 550 Thereafter 3978 Total lease payments 6,659 Less imputed interest 1,220 Total $ 5,439

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2020
Borrowed Funds
BORROWED FUNDS	NOTE 18 BORROWED FUNDS The following table presents the breakdown of borrowed funds as of December 31, 2020 and 2019 (Dollars in thousands): FHLB Revolving Advances (a) Federal Funds Lines (b) FHLB Term Loans Short-Term (c) FHLB Term Loans Long-Term (d) NPB Capital Trust I (e) NPB Capital Trust 2 (e) Total Balance December 31, 2020 $ — $ — $ 5,000 $ — $ 11,341 $ 5,155 $ 21,496 Highest balance at any month-end — — 5,000 5,000 11,341 5,155 Average weighted balance — — 2,555 2,445 11,341 5,155 21,496 Average interest rate: Paid during the year — % — % 1.36 % 1.36 % 3.55 % 2.70 % 2.84 % At year-end — % — % 1.34 % — % 2.84 % 2.01 % 2.29 % 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 % (a) - The Bank has the ability to borrow up to an additional $169.9 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, 2020 or 2019. We have used our line of credit with FHLB to issue letters of credit totaling $12.0 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, 2020 and 2019, exclusive of any outstanding balance. (c) - At December 31, 2020, short term FHLB advances consisted of one $5.0 million advance with a fixed rate of 1.34%. (d) - At December 31, 2020 there were no long term FHLB advances. Long term FHLB advances totaled $5 million at December 31, 2019 (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 from the issuance date, and on a quarterly basis thereafter. Following are maturities of borrowed funds at December 31, 2020 (dollars in thousands): 2021 $ 5,000 2022 — 2023 — 2024 — 2025 — 2026 and thereafter 16,496 $ 21,496

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2020
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: 2020 2019 (Dollars in thousands) Commitments to extend credit $ 57,334 $ 59,552 Standby letters of credit 2,031 2,582 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, 2020
Commitments and Contingencies Disclosure [Abstract]
LEGAL CONTINGENCIES	NOTE 20 LEGAL CONTINGENCIES In the course of operations, we may become a party to legal proceedings in the normal course of business. At December 31, 2020, we do not anticipate that the aggregate ultimate liability arising out of litigation pending or threatened against the Company or any of its subsidiaries to which the property of the Company or any of its subsidiaries is subject, in the opinion of management, may materially impact the financial condition or liquidity of the Company. The Bank was named as a defendant in an action filed in the United States District Court for the Western District of Virginia on December 22, 2020. The plaintiff alleges that the Bank breached a contractual arrangement in the assessment of overdraft fees for the re-presentment of items previously returned due to lack of sufficient funds. The plaintiff is seeking class action status in their pursuit of this complaint. The Bank denies the allegation and intends to vigorously defend against this claim. As no formal or specific financial demand has been made, and due to the preliminary status of this case, any possible loss cannot be estimated at this time. The Bank is a defendant in a complaint filed by a former employee in the United States District Court for the Western District of Virginia on January 1, 2021. The complaint alleges wrongful termination based on gender, religion and age. The Bank denies the allegations and intends to vigorously defend against these claims. As no formal or specific financial demand has been made, and due to the preliminary status of this case, any possible loss cannot be estimated at this time.

CAPITAL

CAPITAL	12 Months Ended
	Dec. 31, 2020
Banking Regulation, Total 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 Board of Governors of the Federal Reserve System’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, 2020, 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, 2020 and 2019, 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, 2020: Total Capital to Risk Weighted Assets $ 77,133 16.41 % $ 37,603 8.0 % $ 47,028 10.0 % Tier 1 Capital to Risk Weighted Assets 71,241 15.16 % 28,202 6.0 % 37,603 8.0 % Tier 1 Capital to Average Assets 71,241 9.49 % 29,989 4.0 % 37,545 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 71,241 15.16 % 30,036 4.5 % 30,552 6.5 % 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 % Accordingly, as of December 31, 2020 and 2019, 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 Bank’s capital conservation buffer was 8.20% at December 31, 2020. 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. As of both December 31, 2020 and 2019, the Common Equity Tier 1 Capital to Risk-weighted Assets ratio, the Tier 1 Capital to Risk-weighted Assets ratio, the Total Capital to Risk-weighted Assets ratio, and the Tier 1 Capital to Average Assets ratio of the Bank, all exceeded the minimum requirements.

FAIR VALUES

FAIR VALUES	12 Months Ended
	Dec. 31, 2020
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, 2020 (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 Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ — $ 14,107 $ — Taxable municipals — 5,345 — Corporate bonds — 6,048 — Mortgage backed securities — 22,906 — (On a non-recurring basis) Other real estate owned — — 3,334 Impaired loans: Real estate secured: Commercial — — 1,377 Construction and land development — — 99 Residential 1-4 family — — 1,927 Multifamily — — — Farmland — — 597 Commercial — — 25 Agriculture — — — Consumer installment loans — — 5 All other loans — — — Total $ — $ 48,406 $ 7,364 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): (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs 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 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of December 31, 2020 and 2019, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at December 31, 2020 Fair Value at December 31, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 4,030 $ 5,252 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 $ 3,334 $ 3,393 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, 2020 Financial Instruments – Assets Net Loans $ 568,375 $ 564,664 $ — $ 560,634 $ 4,030 Financial Instruments – Liabilities Time Deposits 234,449 237,768 — 237,768 — Borrowed Funds 21,496 16,788 — 16,788 — 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 — Borrowed Funds 21,496 18,503 — 18,503 — 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 and accrued interest approximates fair value and is 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, 2020
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, 2020 and 2019. (Dollars are in thousands) 2020 2019 Service charges and fees $ 3,217 $ 3,605 Card processing and interchange income 3,314 3,014 Insurance and investment fees 716 663 Gains on sales of available-for-sale securities (1) 4 — Gain on sale and leaseback transactions (1) — 803 Other noninterest income 896 567 Total Noninterest Income $ 8,147 $ 8,652 (1) – Not within the scope of ASU 2014-9 Certain revenues are earned from contracts with customers. These revenues are recognized when the promised services are rendered to the customer and reflects the entitled consideration received in exchange for those services. Service charges and fees Card processing and interchange fees Insurance and investment fees

NONINTEREST EXPENSES

NONINTEREST EXPENSES	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019: (Dollars are in thousands) 2020 2019 Advertising, sponsorships and donations $ 216 $ 315 ATM network expense 1,476 1,832 Legal and professional fees 839 872 Consulting fees 504 829 Loan related expenses 353 581 Printing and supplies 141 146 FDIC insurance premiums 393 222 Other real estate owned expenses, net 307 635 Other operating expenses 2,507 2,404 Total $ 6,736 $ 7,836

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2020
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 and has identified the following as a non-recognized subsequent event. As disclosed in Note 20 Legal Contingencies, the Bank is a defendant in a complaint filed by a former employee in the United States District Court for the Western District of Virginia on January 1, 2021. In response to the ongoing economic impact of the pandemic, on March 11, 2021, the American Rescue Plan Act of 2021, was signed into law. This legislation provides a third round of stimulus payments to individuals of $1,400, extends supplemental unemployment assistance through September 6, 2021, while exempting the first $10,200 of unemployment benefits from income tax. This combined with the second round of $600 stimulus payments and the second round of PPP lending signed into law in December, can be expected to provide economic support to our customers, resulting in an increase in liquid assets. As of March 31, 2021, 322 PPP loans totaling $18.8 million have been funded during this second round. At this time we cannot state how the continuing economic uncertainty or the resulting stimulus efforts will affect the financial position, operations or liquidity of the Company.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	12 Months Ended
	Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 26 RECENT ACCOUNTING DEVELOPMENTS The following is a summary of recent authoritative announcements: In June 2016, per ASU No. 2016-13, ‘Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,’ the Financial Accounting Standards Board (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 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. Subsequently, per ASU No. 2019-10, implementation for the Company is delayed until reporting periods beginning after December 15, 2021. 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 Securities and Exchange Commission (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. 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 for 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 amendments in this Update are effective for the Company for fiscal years beginning after December 31, 2021, 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 March 2020, the FASB released ASU 2020-03, ‘Codification Improvements to Financial Instruments,’ as part of its ongoing project for improving the Codification or correcting its unintended application. This Update is being issued to increase stakeholder awareness of these amendments. These amendments affect Fair Value Option Disclosures, Applicability of Portfolio Exception in Topic 820 to Nonfinancial Items, Disclosures for Depository and Lending Institutions, Cross-Reference to Line-of-Credit or Revolving-Debt Arrangements Guidance in Subtopic 470-50, Cross-Reference to Net Asset Value Practical Expedient in Subtopic 820-10, Interaction of Topic 842 and Topic 326, and Interaction of Topic 326 and Subtopic 860-20. The amendments in this update are effective immediately. The Company does not expect these amendments to have a material effect on its financial statements. In March, 2020, the FASB released ASU 2020-04, ‘Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting,’ which provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform. The amendments in this Update are elective and apply to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The amendments in the Update are effective for the Company as of March 12, 2020 through December 31, 2022. The Company is currently in the process of evaluating the impact of adoption of this guidance, but does not expect this amendment to have a material impact on its financial statements. In August 2020, the FASB released ASU 2020-06, ‘Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity,’ which reduces the number of accounting models for convertible debt instruments and convertible preferred stock. The Board concluded that eliminating certain accounting models simplifies the accounting for convertible instruments, reduces complexity for preparers and practitioners, and improves the decision usefulness and relevance of the information provided to financial statement users. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. The Company does not expect these amendments to have a material effect on its financial statements. In October, 2020, the FASB released ASU 2020-08, ‘Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs,’ which amends ASU 2017-08 and clarifies that an entity should reevaluate whether a callable debt security that has multiple call dates is within the scope of paragraph 310-20-35-33 for each reporting period. These amendments are part of the FASB’s ongoing project for improving the Codification or correcting its unintended application. The amendments in this Update are effective for the Company for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is not permitted. The Company does not expect this amendment to have a material effect on its financial statements. In January, 2021, the FASB released ASU 2021-01, ‘Reference Rate Reform (Topic 848),’ which clarifies that certain optional expedients and exceptions in topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition related to reference rate reform. The amendments in this Update are effective immediately for all entities. An entity may elect to apply the amendments in the Update on a full retrospective basis as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or on a prospective basis to new modifications from any date within an interim period that includes or is subsequent to the date of the issuance of a final Update, up to the date that financial statements are available to be issued. The Company does not expect this amendment 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, 2020
Condensed Financial Information Disclosure [Abstract]
PARENT CORPORATION ONLY FINANCIAL STATEMENTS	NOTE 27 PARENT CORPORATION ONLY FINANCIAL STATEMENTS CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2020 AND 2019 (Dollars in Thousands) 2020 2019 ASSETS Due from banks $ 215 $ 209 Investment in subsidiaries 72,990 69,463 Other assets 1,669 1,737 Total Assets $ 74,874 $ 71,409 LIABILITIES Accrued interest payable $ 109 $ 182 Accrued expenses and other liabilities 92 129 Trust preferred securities 16,496 16,496 Total Liabilities 16,697 16,807 STOCKHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2020 and 2019 47,844 47,844 Additional paid capital 14,570 14,570 Retained deficit (4,979 ) (7,869 ) Accumulated other comprehensive income 742 57 Total Stockholders’ Equity 58,177 54,602 Total Liabilities and Stockholders’ Equity $ 74,874 $ 71,409 CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019 (Dollars in thousands) 2020 2019 Income Miscellaneous income $ 16 $ 26 Dividends from subsidiaries 610 760 Undistributed income of subsidiaries 2,842 2,076 Total income 3,468 2,862 Expenses Trust preferred securities interest expense 541 796 Professional fees 114 154 Other operating expenses 19 60 Total Expenses 674 1,010 Income before Income Taxes 2,794 1,852 Income Tax Benefit (96 ) (207 ) Net Income $ 2,890 $ 2,059 CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019 (Dollars in thousands) 2020 2019 Cash Flows From Operating Activities Net income $ 2,890 $ 2,059 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of subsidiaries (2,842 ) (2,076 ) Net decrease (increase) in other assets 67 (173 ) Net (decrease) increase in other liabilities (109 ) 38 Net cash provided by (used in) operating activities 6 (152 ) Net increase (decrease) in Cash and Cash Equivalents 6 (152 ) Cash and Cash Equivalents, Beginning of year 209 361 Cash and Cash Equivalents, End of Year $ 215 $ 209 Supplemental Disclosure of Cash Paid During the Year for: Interest $ 614 $ 811 Taxes $ (166 ) $ (34 )

SELECTED QUARTERLY INFORMATION

SELECTED QUARTERLY INFORMATION (UNAUDITED)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
SELECTED QUARTERLY INFORMATION (UNAUDITED)	NOTE 28 SELECTED QUARTERLY INFORMATION (UNAUDITED) 2020 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,447 $ 6,414 $ 6,140 $ 6,142 Provision for loan losses 300 450 550 1,000 Noninterest income 2,234 2,116 1,628 2,165 Noninterest expense 6,272 6,282 7,192 7,251 Net income 1,391 1,424 29 46 Earnings per share, basic and diluted 0.06 0.06 0.00 0.00 Period end balance sheet Total loans receivable $ 575,566 $ 585,122 $ 587,566 $ 560,468 Total assets 756,302 749,125 754,651 715,144 Total deposits 668,012 661,672 668,404 629,525 Total stockholders’ equity 58,177 56,919 55,473 55,251 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 Noninterest income 760 1,020 135 135 Provision for loan losses 2,051 2,855 1,969 1,777 Noninterest expense 7,006 7,079 7,684 7,228 Net income (loss) 432 876 345 406 Earnings (loss) 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

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2020
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 held for sale	Loans held for sale –
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	Comprehensive Income
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, 2020
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, 2020
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, 2020 2019 Net income $ 2,890 $ 2,059 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 $ 0.12 $ 0.09

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and December 31, 2019 are as follows: Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2020 U.S. Government Agencies $ 13,852 $ 322 $ 67 $ 14,107 Taxable municipals 5,157 188 — 5,345 Corporate bonds 5,893 186 31 6,048 Mortgage backed securities 22,565 388 47 22,906 Total Securities available for sale $ 47,467 $ 1,084 $ 145 $ 48,406 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
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, 2020 and December 31, 2019. Less than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars are in thousands) Value Losses Value Losses Value Losses December 31, 2020 U.S. Government Agencies $ 1,479 $ 12 $ 3,829 $ 55 $ 5,308 $ 67 Taxable municipals — — — — — — Corporate bonds 1,219 31 — — 1,219 31 Mtg. backed securities 7,517 44 218 3 7,735 47 Total Securities AFS $ 10,215 $ 87 $ 4,047 $ 58 $ 14,262 $ 145 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
Schedule of amortized cost and fair value of investment securities contractual maturity	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 $ 540 $ 546 2.11 % Due after one year through five years 6,664 6,795 3.42 % Due after five years through ten years 9,487 9,754 2.68 % Due after ten years 30,776 31,311 1.77 % Total $ 47,467 $ 48,406 2.19 %

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Summary of loans receivable outstanding	Loans receivable outstanding at December 31, are summarized as follows: (Dollars are in thousands) 2020 2019 Real estate secured: Commercial $ 179,381 $ 170,436 Construction and land development 25,031 31,130 Residential 1-4 family 222,980 242,922 Multifamily 16,569 13,638 Farmland 18,368 20,790 Total real estate loans 462,329 478,916 Commercial 86,010 53,994 Agriculture 4,450 4,797 Consumer installment loans 20,632 23,127 All other loans 2,145 1,710 Total loans $ 575,566 $ 562,544
Summary of loans receivable on nonaccrual status	Loans receivable on nonaccrual status at December 31, are summarized as follows: (Dollars are in thousands) 2020 2019 Real estate secured: Commercial $ 2,225 $ 1,601 Construction and land development 57 45 Residential 1-4 family 2,700 2,544 Farmland 101 531 Total real estate loans 5,083 4,721 Commercial 453 390 Consumer installment and other loans 12 45 Total loans receivable on nonaccrual status $ 5,548 $ 5,156
Summary of impaired loans	The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2020 and December 31, 2019: As of December 31, 2020 (Dollars are in thousands) Average Recorded Interest Income Recorded Investment Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 1,680 $ 16 $ 385 $ 386 $ — Construction and land development 89 18 99 376 — Residential 1-4 family 1,788 53 1,662 1,898 — Multifamily — — — — — Farmland 550 59 391 560 — Commercial 59 — — — — Agriculture — — — — — Consumer installment loans 4 — 5 6 — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 707 — 1,566 1,678 574 Construction and land development — — — — — Residential 1-4 family 150 3 337 365 72 Multifamily — — — — — Farmland 212 9 208 220 2 Commercial 214 12 429 437 404 Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 5,453 $ 170 $ 5,082 $ 5,926 $ 1,052 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
Summary of age analysis of past due loans receivable	An age analysis of past due loans receivable is below. At December 31, 2020 and 2019, there were no loans over 90 days past due that were accruing. As of December 31, 2020 (Dollars are in thousands) 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 Total Loans Real estate secured: Commercial $ 969 $ — $ — $ 969 $ 178,412 $ 179,381 Construction and land development 64 — — 64 24,967 25,031 Residential 1-4 family 5,717 615 690 7,022 215,958 222,980 Multifamily — — — — 16,569 16,569 Farmland 57 — — 57 18,311 18,368 Total real estate loans 6,807 615 690 8,112 454,217 462,329 Commercial 214 — — 214 85,796 86,010 Agriculture 7 1 — 8 4,442 4,450 Consumer installment Loans 214 22 — 236 20,396 20,632 All other loans — — — — 2,145 2,145 Total loans $ 7,242 $ 638 $ 690 $ 8,570 $ 566,996 $ 575,566 As of December 31, 2019 (Dollars are in thousands) 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 Total Loans Real estate secured: Commercial $ 502 $ 125 $ 262 $ 889 $ 169,547 $ 170,436 Construction and land development 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 Loans 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
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, 2020 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 171,212 $ 6,112 $ 2,057 $ — $ 179,381 Construction and land development 23,168 1,806 57 — 25,031 Residential 1-4 family 218,947 1,304 2,729 — 222,980 Multifamily 16,337 232 — — 16,569 Farmland 17,019 1,249 100 — 18,368 Total real estate loans 446,683 10,703 4,943 — 462,329 Commercial 81,846 3,711 453 — 86,010 Agriculture 4,255 195 — — 4,450 Consumer installment loans 20,615 5 12 — 20,632 All other loans 2,145 — — — 2,145 Total $ 555,544 $ 14,614 $ 5,408 $ — $ 575,566 As of December 31, 2019 (Dollars are in thousands) Pass Special Mention 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

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Schedule of allocation of portion of allowance	Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of December 30, 2020 and 2019. Real estate secured Construction Consumer and Land Residential and All (Dollars are in thousands) Commercial Development 1-4 family Multifamily Farmland Commercial Agriculture Other Unallocated Total Year ended December 31, 2020 Beginning balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Charge-offs (65 ) — (165 ) — (42 ) (329 ) (15 ) (85 ) — (701 ) Recoveries 57 — 38 — 33 40 1 55 — 224 Provision 1,041 75 342 47 (3 ) 775 27 (2 ) (2 ) 2,300 Ending balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Allowance for loan losses at December 31, 2020 Individually evaluated for impairment $ 574 $ — $ 72 $ — $ 2 $ 404 $ — $ — $ — $ 1,052 Collectively evaluated for impairment 1,707 233 1,879 151 95 1,871 40 163 — 6,139 $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Loans at December 31, 2020 Individually evaluated for impairment $ 1,951 $ 99 $ 1,999 $ — $ 599 $ 429 $ — $ 5 $ — $ 5,082 Collectively evaluated for impairment 177,430 24,932 220,981 16,569 17,769 85,581 4,450 22,772 — 570,484 $ 179,381 $ 25,031 $ 222,980 $ 16,569 $ 18,368 $ 86,010 $ 4,450 $ 22,777 $ — $ 575,566 Real estate secured Construction Consumer and Land Residential and All (Dollars are in thousands) Commercial Development 1-4 family Multifamily Farmland Commercial Agriculture Other Unallocated Total Year ended December 31, 2019 Beginning balance $ 1,386 $ 202 $ 2,437 $ 89 $ 287 $ 448 $ 37 $ 175 $ 275 $ 5,336 Charge-offs (192 ) — (336 ) — (33 ) (1,762 ) (17 ) (114 ) — (2,454 ) Recoveries 16 34 202 30 29 61 2 62 — 436 Provision 38 (78 ) (567 ) (15 ) (174 ) 3,042 5 72 (273 ) 2,050 Ending balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Allowance for loan losses at December 31, 2019 Individually evaluated for impairment $ 70 $ — $ 44 $ — $ 9 $ 200 $ — $ — $ — $ 323 Collectively evaluated for impairment 1,178 158 1,692 104 100 1,589 27 195 2 5,045 $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Loans at December 31, 2019 Individually evaluated for impairment $ 2,779 $ 70 $ 1,318 $ — $ 994 $ 414 $ — $ — $ — $ 5,575 Collectively evaluated for impairment 167,657 31,060 241,604 13,638 19,796 53,580 4,797 24,837 — 556,969 $ 170,436 $ 31,130 $ 242,922 $ 13,638 $ 20,790 $ 53,994 $ 4,797 $ 24,837 $ — $ 562,544

TROUBLED DEBT RESTRUCTURINGS (T

TROUBLED DEBT RESTRUCTURINGS (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019. December 31, 2020 December 31, 2019 (Dollars are in thousands) # of Pre-Mod. Post-Mod. # of Pre-Mod. Post-Mod. Real estate secured: Commercial 3 $ 190 $ 190 1 $ 150 $ 150 Construction and land Development — — — — — — Residential 1-4 family 27 1,236 1,236 — — — Multifamily — — — — — — Farmland — — — 1 305 305 Total real estate loans 30 1,426 1,426 2 455 455 Commercial — — — — — — Agriculture — — — — — — Consumer installment loans 2 7 7 — — — All other loans — — — — — — Total 32 $ 1,433 $ 1,433 2 $ 455 $ 455

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Schedule of bank premises and equipment	Bank premises and equipment at December 31, 2020 and 2019 are summarized as follows: (Dollars are in thousands) 2020 2019 Land $ 7,796 $ 7,485 Buildings and improvements 17,287 16,227 Furniture and equipment 16,900 16,253 Construction in progress 1,025 1,003 43,008 40,968 Less accumulated depreciation (20,834 ) (18,726 ) Bank Premises and Equipment $ 22,174 $ 22,242

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2020
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) 2020 2019 Pre-tax book income Domestic $ 3,993 $ 2,581 Total pre-tax book income $ 3,993 $ 2,581
Schedule of components of income tax expense	Income tax expense is summarized as follows for the years ended December 31: (Dollars are in thousands) 2020 2019 Current income tax expense (benefit) Federal $ (200 ) $ (35 ) State — — Total current income tax expense (benefit) (200 ) (35 ) Deferred income tax expense Federal 1,304 557 State (1 ) — Total deferred income tax expense 1,303 557 Income tax expense $ 1,103 $ 522
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, 2020 and 2019, respectively: (Dollars are in thousands) 2020 2019 Income tax expense (benefit) at the applicable federal rate74 $ 839 $ 542 Permanent differences resulting from: Nondeductible expenses 8 10 Tax exempt interest income (7 ) (11 ) Bank owned life insurance (16 ) (13 ) Other adjustments 279 (6 ) Income tax expense $ 1,103 $ 522
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) 2020 2019 Deferred Tax Assets Allowance for loan losses $ 1,568 $ 1,127 Deferred compensation 92 90 Nonaccrual loan interest 490 439 Other real estate owned 83 127 Amortization of core deposits 18 28 Amortization of goodwill 90 144 Capitalized interest and repair expense 23 23 Net operating loss carryforward 2,172 3,631 AMT carryforward — 320 Other 33 — Total Assets, gross 4,569 5,929 Valuation allowance — — Total Assets, net 4,569 5,929 Deferred Tax Liabilities Accelerated depreciation 869 937 Accrued employee benefits — 11 Unrealized gain on securities available for sale 197 15 Prepaid expenses 22 59 Deferred loan costs 355 331 Total Liabilities, gross 1,443 1,353 Net Deferred Tax Asset $ 3,126 $ 4,576

TIME DEPOSITS (Tables)

TIME DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2020
Notes to Financial Statements
Schedule of maturities	At December 31, 2020, the scheduled maturities of time deposits are as follows (dollars are in thousands): 2021 $ 137,383 2022 44,170 2023 23,097 2024 11,283 2025 18,516 After five years — Total $ 234,449

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2020
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) 2020 2019 Beginning balance $ 2,457 $ 2,553 New loans and advances on lines 4,567 1,925 Payments and other reductions (2,837 ) (2,021 ) Ending balance $ 4,187 $ 2,457

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019: 2020 2019 (Dollars are in thousands) Balance, beginning of year $ 3,393 $ 5,937 Additions 1,128 811 Transfers from premises and equipment — 683 Proceeds from sales (687 ) (1,322 ) Proceeds from insurance claims — (19 ) Loans made to finance sales (428 ) (2,360 ) Adjustment of carrying value (132 ) (214 ) Gains (losses) from sales 60 (123 ) Balance, end of year $ 3,334 $ 3,393

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Schedule of future minimum rental commitments under the non-cancellable operating leases	At December 31, 2020, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2021 $ 511 2022 530 2023 544 2024 546 2025 550 Thereafter 3978 Total lease payments 6,659 Less imputed interest 1,220 Total $ 5,439

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2020
Borrowed Funds
Schedule of breakdown of borrowed funds	The following table presents the breakdown of borrowed funds as of December 31, 2020 and 2019 (Dollars in thousands): FHLB Revolving Advances (a) Federal Funds Lines (b) FHLB Term Loans Short-Term (c) FHLB Term Loans Long-Term (d) NPB Capital Trust I (e) NPB Capital Trust 2 (e) Total Balance December 31, 2020 $ — $ — $ 5,000 $ — $ 11,341 $ 5,155 $ 21,496 Highest balance at any month-end — — 5,000 5,000 11,341 5,155 Average weighted balance — — 2,555 2,445 11,341 5,155 21,496 Average interest rate: Paid during the year — % — % 1.36 % 1.36 % 3.55 % 2.70 % 2.84 % At year-end — % — % 1.34 % — % 2.84 % 2.01 % 2.29 % 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 % (a) - The Bank has the ability to borrow up to an additional $169.9 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, 2020 or 2019. We have used our line of credit with FHLB to issue letters of credit totaling $12.0 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, 2020 and 2019, exclusive of any outstanding balance. (c) - At December 31, 2020, short term FHLB advances consisted of one $5.0 million advance with a fixed rate of 1.34%. (d) - At December 31, 2020 there were no long term FHLB advances. Long term FHLB advances totaled $5 million at December 31, 2019 (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, 2020 (dollars in thousands): 2021 $ 5,000 2022 — 2023 — 2024 — 2025 — 2026 and thereafter 16,496 $ 21,496

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2020
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: 2020 2019 (Dollars in thousands) Commitments to extend credit $ 57,334 $ 59,552 Standby letters of credit 2,031 2,582

CAPITAL (Tables)

CAPITAL (Tables)	12 Months Ended
	Dec. 31, 2020
Banking Regulation, Total Capital [Abstract]
Schedule of capital requirements	The Bank’s actual capital amounts and ratios are presented in the following table as of December 31, 2020 and 2019, 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, 2020: Total Capital to Risk Weighted Assets $ 77,133 16.41 % $ 37,603 8.0 % $ 47,028 10.0 % Tier 1 Capital to Risk Weighted Assets 71,241 15.16 % 28,202 6.0 % 37,603 8.0 % Tier 1 Capital to Average Assets 71,241 9.49 % 29,989 4.0 % 37,545 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 71,241 15.16 % 30,036 4.5 % 30,552 6.5 % 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 %

FAIR VALUES (Tables)

FAIR VALUES (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 (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 Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Government Agencies $ — $ 14,107 $ — Taxable municipals — 5,345 — Corporate bonds — 6,048 — Mortgage backed securities — 22,906 — (On a non-recurring basis) Other real estate owned — — 3,334 Impaired loans: Real estate secured: Commercial — — 1,377 Construction and land development — — 99 Residential 1-4 family — — 1,927 Multifamily — — — Farmland — — 597 Commercial — — 25 Agriculture — — — Consumer installment loans — — 5 All other loans — — — Total $ — $ 48,406 $ 7,364 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): (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs 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
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, 2020 and 2019, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at December 31, 2020 Fair Value at December 31, 2019 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 4,030 $ 5,252 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 $ 3,334 $ 3,393 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, 2020 Financial Instruments – Assets Net Loans $ 568,375 $ 564,664 $ — $ 560,634 $ 4,030 Financial Instruments – Liabilities Time Deposits 234,449 237,768 — 237,768 — Borrowed Funds 21,496 16,788 — 16,788 — 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 — Borrowed Funds 21,496 18,503 — 18,503 —

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019. (Dollars are in thousands) 2020 2019 Service charges and fees $ 3,217 $ 3,605 Card processing and interchange income 3,314 3,014 Insurance and investment fees 716 663 Gains on sales of available-for-sale securities (1) 4 — Gain on sale and leaseback transactions (1) — 803 Other noninterest income 896 567 Total Noninterest Income $ 8,147 $ 8,652 (1) – Not within the scope of ASU 2014-9

NON-INTEREST EXPENSES (Tables)

NON-INTEREST EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2020
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, 2020 and 2019: (Dollars are in thousands) 2020 2019 Advertising, sponsorships and donations $ 216 $ 315 ATM network expense 1,476 1,832 Legal and professional fees 839 872 Consulting fees 504 829 Loan related expenses 353 581 Printing and supplies 141 146 FDIC insurance premiums 393 222 Other real estate owned expenses, net 307 635 Other operating expenses 2,507 2,404 Total $ 6,736 $ 7,836

PARENT CORPORATION ONLY FINAN_2

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]
Schedule of parent corporation only condensed balance sheets	CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2020 AND 2019 (Dollars in Thousands) 2020 2019 ASSETS Due from banks $ 215 $ 209 Investment in subsidiaries 72,990 69,463 Other assets 1,669 1,737 Total Assets $ 74,874 $ 71,409 LIABILITIES Accrued interest payable $ 109 $ 182 Accrued expenses and other liabilities 92 129 Trust preferred securities 16,496 16,496 Total Liabilities 16,697 16,807 STOCKHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2020 and 2019 47,844 47,844 Additional paid capital 14,570 14,570 Retained deficit (4,979 ) (7,869 ) Accumulated other comprehensive income 742 57 Total Stockholders’ Equity 58,177 54,602 Total Liabilities and Stockholders’ Equity $ 74,874 $ 71,409
Schedule of parent corporation only condensed statements of income	CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019 (Dollars in thousands) 2020 2019 Income Miscellaneous income $ 16 $ 26 Dividends from subsidiaries 610 760 Undistributed income of subsidiaries 2,842 2,076 Total income 3,468 2,862 Expenses Trust preferred securities interest expense 541 796 Professional fees 114 154 Other operating expenses 19 60 Total Expenses 674 1,010 Income before Income Taxes 2,794 1,852 Income Tax Benefit (96 ) (207 ) Net Income $ 2,890 $ 2,059
Schedule of parent corporation only condensed statements of cash flows	CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019 (Dollars in thousands) 2020 2019 Cash Flows From Operating Activities Net income $ 2,890 $ 2,059 Adjustments to reconcile net income to net cash used in operating activities: Equity in undistributed earnings of subsidiaries (2,842 ) (2,076 ) Net decrease (increase) in other assets 67 (173 ) Net (decrease) increase in other liabilities (109 ) 38 Net cash provided by (used in) operating activities 6 (152 ) Net increase (decrease) in Cash and Cash Equivalents 6 (152 ) Cash and Cash Equivalents, Beginning of year 209 361 Cash and Cash Equivalents, End of Year $ 215 $ 209 Supplemental Disclosure of Cash Paid During the Year for: Interest $ 614 $ 811 Taxes $ (166 ) $ (34 )

SELECTED QUARTERLY INFORMATIO_2

SELECTED QUARTERLY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of selected quarterly information	2020 QUARTERS (Dollars in thousands except per share data) Fourth Third Second First Income statement Net interest income $ 6,447 $ 6,414 $ 6,140 $ 6,142 Provision for loan losses 300 450 550 1,000 Noninterest income 2,234 2,116 1,628 2,165 Noninterest expense 6,272 6,282 7,192 7,251 Net income 1,391 1,424 29 46 Earnings per share, basic and diluted 0.06 0.06 0.00 0.00 Period end balance sheet Total loans receivable $ 575,566 $ 585,122 $ 587,566 $ 560,468 Total assets 756,302 749,125 754,651 715,144 Total deposits 668,012 661,672 668,404 629,525 Total stockholders’ equity 58,177 56,919 55,473 55,251 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 Noninterest income 760 1,020 135 135 Provision for loan losses 2,051 2,855 1,969 1,777 Noninterest expense 7,006 7,079 7,684 7,228 Net income (loss) 432 876 345 406 Earnings (loss) 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

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2020
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 Equipment [Member]
Estimated useful life	5 years
Maximum [Member] | Computer Equipment And Software [Member]
Estimated useful life	5 years
Maximum [Member] | Furniture and 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, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Income Per Share
Net income	$ 1,391	$ 1,424	$ 29	$ 46	$ 432	$ 876	$ 345	$ 406	$ 2,890	$ 2,059
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	$ 0.06	$ 0.06	$ 0	$ 0	$ 0.02	$ 0.04	$ 0.01	$ 0.02	$ 0.12	$ 0.09

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Amortized Cost	$ 47,467	$ 50,577
Gross Unrealized Gains	1,084	337
Gross Unrealized Losses	145	265
Approximate Fair Value	48,406	50,649
U.S. Government Agencies [Member]
Amortized Cost	13,852	15,703
Gross Unrealized Gains	322	57
Gross Unrealized Losses	67	127
Approximate Fair Value	14,107	15,633
Taxable Municipals [Member]
Amortized Cost	5,157	4,389
Gross Unrealized Gains	188	54
Gross Unrealized Losses		1
Approximate Fair Value	5,345	4,442
Corporate Bonds [Member]
Amortized Cost	5,893	5,408
Gross Unrealized Gains	186	115
Gross Unrealized Losses	31
Approximate Fair Value	6,048	5,523
Mortgage Backed Securities [Member]
Amortized Cost	22,565	25,077
Gross Unrealized Gains	388	111
Gross Unrealized Losses	47	137
Approximate Fair Value	$ 22,906	$ 25,051

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Less than 12 Months	$ 10,215	$ 9,423
Unrealized Losses, Less than 12 Months	87	51
Fair Value, 12 Months or More	4,047	16,518
Unrealized Losses, 12 Months or More	58	214
Fair Value, Total	14,262	25,941
Unrealized Losses, Total	145	265
U.S. Government Agencies [Member]
Fair Value, Less than 12 Months	1,479	6,788
Unrealized Losses, Less than 12 Months	12	46
Fair Value, 12 Months or More	3,829	4,516
Unrealized Losses, 12 Months or More	55	81
Fair Value, Total	5,308	11,304
Unrealized Losses, Total	67	127
Taxable Municipals [Member]
Fair Value, Less than 12 Months		1,049
Unrealized Losses, Less than 12 Months		1
Fair Value, 12 Months or More
Unrealized Losses, 12 Months or More
Fair Value, Total		1,049
Unrealized Losses, Total		1
Corporate Bonds [Member]
Fair Value, Less than 12 Months	1,219
Unrealized Losses, Less than 12 Months	31
Fair Value, 12 Months or More
Unrealized Losses, 12 Months or More
Fair Value, Total	1,219
Unrealized Losses, Total	31
Mortgage Backed Securities [Member]
Fair Value, Less than 12 Months	7,517	1,586
Unrealized Losses, Less than 12 Months	44	4
Fair Value, 12 Months or More	218	12,002
Unrealized Losses, 12 Months or More	3	133
Fair Value, Total	7,735	13,588
Unrealized Losses, Total	$ 47	$ 137

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Investment securities activity:
Due in one year or less, amortized Cost	$ 540
Due after one year through five years, amortized cost	6,664
Due after five years through ten years, amortized cost	9,487
Due after ten years, amortized cost	30,776
Amortized cost, total	47,467	$ 50,577
Due in one year or less, fair value	546
Due after one year through five years, fair value	6,795
Due after five years through ten years, fair value	9,754
Due after ten years, fair value	31,311
Approximate fair value	$ 48,406	$ 50,649
Due in one year or less, weighted average yield	2.11%
Due after one year through five years, weighted average yield	3.42%
Due after five years through ten years, weighted average yield	2.68%
Due after ten years, weighted average yield	1.77%
Weighted average yield, total	2.19%

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Total loans and leases	$ 575,566	$ 585,122	$ 587,566	$ 560,468	$ 562,544	$ 558,174	$ 551,131	$ 553,585
Real Estate [Member]
Total loans and leases	462,329				478,916
Commercial [Member]
Total loans and leases	86,010				53,994
Commercial [Member] | Real Estate [Member]
Total loans and leases	179,381				170,436
Construction and Land Development [Member] | Real Estate [Member]
Total loans and leases	25,031				31,130
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans and leases	222,980				242,922
Multifamily [Member] | Real Estate [Member]
Total loans and leases	16,569				13,638
Farmland [Member] | Real Estate [Member]
Total loans and leases	18,368				20,790
Agriculture [Member]
Total loans and leases	4,450				4,797
Commercial [Member]
Total loans and leases	20,632				23,127
Consumer Installment Loans [Member]
Total loans and leases	$ 2,145				$ 24,837

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Total loans receivable on nonaccrual status	$ 5,548	$ 5,156
Real Estate [Member]
Total loans receivable on nonaccrual status	5,083	4,721
Commercial [Member]
Total loans receivable on nonaccrual status	453	390
Commercial [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	2,225	1,601
Construction and Land Development [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	57	45
Residential 1-4 Family [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	2,700	2,544
Farmland [Member] | Real Estate [Member]
Total loans receivable on nonaccrual status	101	531
Commercial [Member]
Total loans receivable on nonaccrual status	$ 12	$ 45

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Average Recorded Investment	$ 5,453	$ 7,307
Interest Income Recognized	170	240
Recorded Investment	5,082	5,575
Unpaid Principal Balance	5,926	6,986
Related Allowance	1,052	323
Commercial [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	59	578
Interest Income Recognized		11
Recorded Investment		128
Unpaid Principal Balance		178
Related Allowance
Commercial [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	214	507
Interest Income Recognized	12	7
Recorded Investment	429	286
Unpaid Principal Balance	437	886
Related Allowance	404	200
Agriculture [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance		1
Related Allowance
Agriculture [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Commercial [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	4	2
Interest Income Recognized
Recorded Investment	5
Unpaid Principal Balance	6
Related Allowance
Commercial [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment		3
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Commercial [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,680	2,017
Interest Income Recognized	16	100
Recorded Investment	385	2,416
Unpaid Principal Balance	386	2,478
Related Allowance
Commercial [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	707	470
Interest Income Recognized		1
Recorded Investment	1,566	363
Unpaid Principal Balance	1,678	379
Related Allowance	574	70
Construction and Land Development [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	89	91
Interest Income Recognized	18	7
Recorded Investment	99	70
Unpaid Principal Balance	376	346
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
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	1,788	1,944
Interest Income Recognized	53	55
Recorded Investment	1,662	1,263
Unpaid Principal Balance	1,898	1,460
Related Allowance
Residential 1-4 Family [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	150	302
Interest Income Recognized	3
Recorded Investment	337	55
Unpaid Principal Balance	365	60
Related Allowance	72	44
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment		29
Interest Income Recognized		1
Recorded Investment
Unpaid Principal Balance
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
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Average Recorded Investment	550	1,143
Interest Income Recognized	59	47
Recorded Investment	391	778
Unpaid Principal Balance	560	970
Related Allowance
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Average Recorded Investment	212	221
Interest Income Recognized	9	11
Recorded Investment	208	216
Unpaid Principal Balance	220	228
Related Allowance	$ 2	$ 9

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Loans 30-59 Days Past Due	$ 7,242				$ 5,373
Loans 60-89 Days Past Due	638				1,310
Loans 90 or More Days Past Due	690				1,509
Total Past Due Loans	8,570				8,192
Current Loans	566,996				554,352
Total loans and leases	575,566	$ 585,122	$ 587,566	$ 560,468	562,544	$ 558,174	$ 551,131	$ 553,585
Real Estate [Member]
Loans 30-59 Days Past Due	6,807				4,625
Loans 60-89 Days Past Due	615				1,286
Loans 90 or More Days Past Due	690				1,142
Total Past Due Loans	8,112				7,053
Current Loans	454,217				471,863
Total loans and leases	462,329				478,916
Commercial [Member]
Loans 30-59 Days Past Due	214				406
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due					323
Total Past Due Loans	214				729
Current Loans	85,796				53,265
Total loans and leases	86,010				53,994
Commercial [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	969				502
Loans 60-89 Days Past Due					125
Loans 90 or More Days Past Due					262
Total Past Due Loans	969				889
Current Loans	178,412				169,547
Total loans and leases	179,381				170,436
Construction and Land Development [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	64				50
Loans 60-89 Days Past Due					18
Loans 90 or More Days Past Due					18
Total Past Due Loans	64				86
Current Loans	24,967				31,044
Total loans and leases	25,031				31,130
Residential 1-4 Family [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	5,717				3,700
Loans 60-89 Days Past Due	615				1,096
Loans 90 or More Days Past Due	690				710
Total Past Due Loans	7,022				5,506
Current Loans	215,958				237,416
Total loans and leases	222,980				242,922
Multifamily [Member] | Real Estate [Member]
Loans 30-59 Days Past Due					262
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans					262
Current Loans	16,569				13,376
Total loans and leases	16,569				13,638
Farmland [Member] | Real Estate [Member]
Loans 30-59 Days Past Due	57				111
Loans 60-89 Days Past Due					47
Loans 90 or More Days Past Due					152
Total Past Due Loans	57				310
Current Loans	18,311				20,480
Total loans and leases	18,368				20,790
Agriculture [Member]
Loans 30-59 Days Past Due	7				244
Loans 60-89 Days Past Due	1
Loans 90 or More Days Past Due					21
Total Past Due Loans	8				265
Current Loans	4,442				4,532
Total loans and leases	4,450				4,797
Commercial [Member]
Loans 30-59 Days Past Due	214				98
Loans 60-89 Days Past Due	22				24
Loans 90 or More Days Past Due					23
Total Past Due Loans	236				145
Current Loans	20,396				22,982
Total loans and leases	20,632				23,127
Consumer Installment 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	2,145				1,710
Total loans and leases	$ 2,145				$ 24,837

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Total	$ 575,566	$ 585,122	$ 587,566	$ 560,468	$ 562,544	$ 558,174	$ 551,131	$ 553,585
Real Estate [Member]
Total	462,329				478,916
Substandard [Member]
Total	5,408				4,846
Pass [Member]
Total	555,544				548,580
Special Mention [Member]
Total	14,614				8,832
Doubtful [Member]
Total					286
Real Estate [Member] | Substandard [Member]
Total	4,943				4,660
Real Estate [Member] | Pass [Member]
Total	446,683				467,944
Real Estate [Member] | Special Mention [Member]
Total	10,703				6,312
Real Estate [Member] | Doubtful [Member]
Total
Commercial [Member]
Total	86,010				53,994
Commercial [Member] | Real Estate [Member]
Total	179,381				170,436
Construction and Land Development [Member] | Real Estate [Member]
Total	25,031				31,130
Construction and Land Development [Member] | Real Estate [Member] | Substandard [Member]
Total	57				23
Construction and Land Development [Member] | Real Estate [Member] | Pass [Member]
Total	23,168				30,747
Construction and Land Development [Member] | Real Estate [Member] | Special Mention [Member]
Total	1,806				360
Construction and Land Development [Member] | Real Estate [Member] | Doubtful [Member]
Total
Residential 1-4 Family [Member] | Real Estate [Member]
Total	222,980				242,922
Residential 1-4 Family [Member] | Real Estate [Member] | Substandard [Member]
Total	2,729				2,505
Residential 1-4 Family [Member] | Real Estate [Member] | Pass [Member]
Total	218,947				239,210
Residential 1-4 Family [Member] | Real Estate [Member] | Special Mention [Member]
Total	1,304				1,207
Residential 1-4 Family [Member] | Real Estate [Member] | Doubtful [Member]
Total
Multifamily [Member] | Real Estate [Member]
Total	16,569				13,638
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Total
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Total	16,337				13,638
Multifamily [Member] | Real Estate [Member] | Special Mention [Member]
Total	232
Multifamily [Member] | Real Estate [Member] | Doubtful [Member]
Total
Farmland [Member] | Real Estate [Member]
Total	18,368				20,790
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Total	100				531
Farmland [Member] | Real Estate [Member] | Pass [Member]
Total	17,019				18,779
Farmland [Member] | Real Estate [Member] | Special Mention [Member]
Total	1,249				1,480
Farmland [Member] | Real Estate [Member] | Doubtful [Member]
Total
Commercial [Member]
Total	86,010
Agriculture [Member]
Total	4,450				4,797
Agriculture [Member] | Substandard [Member]
Total					40
Agriculture [Member] | Pass [Member]
Total	4,255				4,753
Agriculture [Member] | Special Mention [Member]
Total	195				4
Agriculture [Member] | Doubtful [Member]
Total
Commercial [Member]
Total	20,632				23,127
Commercial [Member] | Substandard [Member]
Total	12				28
Commercial [Member] | Pass [Member]
Total	20,615				23,087
Commercial [Member] | Special Mention [Member]
Total	5				12
Commercial [Member] | Doubtful [Member]
Total
Consumer Installment Loans [Member]
Total	2,145				24,837
Consumer Installment Loans [Member] | Substandard [Member]
Total
Consumer Installment Loans [Member] | Pass [Member]
Total	2,145				1,710
Consumer Installment Loans [Member] | Special Mention [Member]
Total
Consumer Installment Loans [Member] | Doubtful [Member]
Total
Commercial [Member] | Substandard [Member]
Total	453				118
Commercial [Member] | Pass [Member]
Total	81,846				51,086
Commercial [Member] | Special Mention [Member]
Total	3,711				2,504
Commercial [Member] | Doubtful [Member]
Total					286
Commercial [Member] | Real Estate [Member] | Substandard [Member]
Total	2,057				1,601
Commercial [Member] | Real Estate [Member] | Pass [Member]
Total	171,212				165,570
Commercial [Member] | Real Estate [Member] | Special Mention [Member]
Total	6,112				3,265
Commercial [Member] | Real Estate [Member] | Doubtful [Member]
Total

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance, beginning of year	$ 5,368	$ 5,336
Charge Offs	(701)	(2,454)
Recoveries	224	436
Provision for loan losses	2,300	2,050
Balance, End of period	7,191	5,368
Commercial [Member]
Balance, beginning of year	1,789	448
Charge Offs	(329)	(1,762)
Recoveries	40	61
Provision for loan losses	775	3,042
Balance, End of period	2,275	1,789
Agriculture [Member]
Balance, beginning of year	27	37
Charge Offs	(15)	(17)
Recoveries	1	2
Provision for loan losses	27	5
Balance, End of period	40	27
Consumer Installment Loans [Member]
Balance, beginning of year	195	175
Charge Offs	(85)	(114)
Recoveries	55	62
Provision for loan losses	(2)	72
Balance, End of period	163	195
Unallocated [Member]
Balance, beginning of year	2	273
Charge Offs
Recoveries
Provision for loan losses	(2)	(273)
Balance, End of period		2
Real Estate [Member]
Balance, beginning of year		5,101
Charge Offs		(561)
Recoveries		311
Provision for loan losses		(796)
Real Estate [Member] | Commercial [Member]
Balance, beginning of year	1,248	1,386
Charge Offs	(65)	(192)
Recoveries	57	16
Provision for loan losses	1,041	38
Balance, End of period	2,281	1,248
Real Estate [Member] | Construction and Land Development [Member]
Balance, beginning of year	158	191
Charge Offs
Recoveries		34
Provision for loan losses	75	(78)
Balance, End of period	233	158
Real Estate [Member] | Residential 1-4 Family [Member]
Balance, beginning of year	1,736	2,437
Charge Offs	(165)	(336)
Recoveries	38	202
Provision for loan losses	342	(567)
Balance, End of period	1,951	1,736
Real Estate [Member] | Multifamily [Member]
Balance, beginning of year	104	89
Charge Offs
Recoveries		30
Provision for loan losses	47	(15)
Balance, End of period	2,275	104
Real Estate [Member] | Farmland [Member]
Balance, beginning of year	109	287
Charge Offs	(42)	(33)
Recoveries	33	29
Provision for loan losses	(3)	(174)
Balance, End of period	$ 97	$ 109

ALLOWANCE FOR LOAN LOSSES (De_2

ALLOWANCE FOR LOAN LOSSES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Allowance for loan losses, individually evaluated for impairment	$ 1,052				$ 323
Allowance for loan losses, collectively evaluated for impairment	6,139				5,045
Allowance for loan losses, total	7,191				5,368				$ 5,336
Recorded investment in loans, individually evaluated for impairment	5,082				5,575
Recorded investment in loans, collectively evaluated for impairment	570,484				556,969
Recorded investment in loans, total	575,566	$ 585,122	$ 587,566	$ 560,468	562,544	$ 558,174	$ 551,131	$ 553,585
Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment					123
Allowance for loan losses, collectively evaluated for impairment					3,232
Recorded investment in loans, individually evaluated for impairment					5,161
Recorded investment in loans, collectively evaluated for impairment					473,755
Recorded investment in loans, total	462,329				478,916
Commercial [Member]
Allowance for loan losses, individually evaluated for impairment	404				200
Allowance for loan losses, collectively evaluated for impairment	1,871				1,589
Allowance for loan losses, total	2,275				1,789
Recorded investment in loans, individually evaluated for impairment	429				414
Recorded investment in loans, collectively evaluated for impairment	85,581				53,580
Recorded investment in loans, total	86,010				53,994
Commercial [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	574				70
Allowance for loan losses, collectively evaluated for impairment	1,707				1,178
Allowance for loan losses, total	2,281				1,248
Recorded investment in loans, individually evaluated for impairment	1,951				2,779
Recorded investment in loans, collectively evaluated for impairment	177,430				167,657
Recorded investment in loans, total	179,381				170,436
Construction and Land Development [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	233				158
Allowance for loan losses, total	233				158
Recorded investment in loans, individually evaluated for impairment	99				70
Recorded investment in loans, collectively evaluated for impairment	24,932				31,060
Recorded investment in loans, total	25,031				31,130
Residential 1-4 Family [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	72				44
Allowance for loan losses, collectively evaluated for impairment	1,879				1,692
Allowance for loan losses, total	1,951				1,736
Recorded investment in loans, individually evaluated for impairment	1,999				1,318
Recorded investment in loans, collectively evaluated for impairment	220,981				241,604
Recorded investment in loans, total	222,980				242,922
Multifamily [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	151				104
Allowance for loan losses, total	151				104
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment	16,569				13,638
Recorded investment in loans, total	16,569				13,638
Farmland [Member] | Real Estate [Member]
Allowance for loan losses, individually evaluated for impairment	2				9
Allowance for loan losses, collectively evaluated for impairment	95				100
Allowance for loan losses, total	97				109
Recorded investment in loans, individually evaluated for impairment	599				994
Recorded investment in loans, collectively evaluated for impairment	17,769				19,796
Recorded investment in loans, total	18,368				20,790
Agriculture [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	40				27
Allowance for loan losses, total	40				27				37
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment	4,450				4,797
Recorded investment in loans, total	4,450				4,797
Consumer Installment Loans [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment	163				195
Allowance for loan losses, total	163				195				175
Recorded investment in loans, individually evaluated for impairment	5
Recorded investment in loans, collectively evaluated for impairment	22,772				24,837
Recorded investment in loans, total	$ 2,145				24,837
Unallocated [Member]
Allowance for loan losses, individually evaluated for impairment
Allowance for loan losses, collectively evaluated for impairment					2
Allowance for loan losses, total					2				$ 273
Recorded investment in loans, individually evaluated for impairment
Recorded investment in loans, collectively evaluated for impairment
Recorded investment in loans, total

TROUBLED DEBT RESTRUCTURINGS (D

TROUBLED DEBT RESTRUCTURINGS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
# of Loans	32	2
Pre-Mod. Recorded Investment	$ 1,433	$ 455
Post-Mod. Recorded Investment	$ 1,433	$ 455
Real Estate [Member]
# of Loans	30	2
Pre-Mod. Recorded Investment	$ 1,426	$ 455
Post-Mod. Recorded Investment	$ 1,426	$ 455
Consumer Installment Loans [Member]
# of Loans
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Commercial [Member]
# of Loans		2
Pre-Mod. Recorded Investment		$ 7
Post-Mod. Recorded Investment		$ 7
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	3	1
Pre-Mod. Recorded Investment	$ 190	$ 150
Post-Mod. Recorded Investment	$ 190	$ 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	27
Pre-Mod. Recorded Investment	$ 1,236
Post-Mod. Recorded Investment	$ 1,236
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, 2020	Dec. 31, 2019
Bank premises and equipment, gross, total	$ 43,008	$ 40,968
Less accumulated depreciation	(20,834)	(18,726)
Bank premises and equipment, net, total	22,174	22,242
Land [Member]
Bank premises and equipment, gross, total	7,796	7,485
Buildings and Improvements [Member]
Bank premises and equipment, gross, total	17,287	16,227
Furniture and Equipment [Member]
Bank premises and equipment, gross, total	16,900	16,253
Construction in Progress [Member]
Bank premises and equipment, gross, total	$ 1,025	$ 1,003

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total pre-tax book income	$ 3,993	$ 2,581
Domestic [Member]
Total pre-tax book income	$ 3,993	$ 2,581

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Total current income tax expense (benefit)	$ (200)	$ (35)
Total deferred income tax expense	1,103	556
Income tax expense	1,103	522
Federal [Member]
Total current income tax expense (benefit)	(200)	(35)
Total deferred income tax expense	1,304	557
State [Member]
Total current income tax expense (benefit)
Total deferred income tax expense	$ (1)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at the applicable federal rate	$ 839	$ 542
Permanent differences resulting from:
Nondeductible expenses	8	10
Tax exempt interest income	(7)	(11)
Bank owned life insurance	(16)	(13)
Other adjustments	279	(6)
Income tax expense	$ 1,103	$ 522

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred Tax Assets
Allowance for loan losses	$ 1,568	$ 1,127
Deferred compensation	92	90
Nonaccrual loan interest	490	439
Other real estate owned	83	127
Amortization of core deposits	18	28
Amortization of goodwill	90	144
Capitalized interest and repair expense	23	23
Net operating loss carryforward	2,172	3,631
AMT carryforward		320
Other	33
Total Assets, gross	4,569	5,929
Valuation allowance
Total Assets, net	4,569	5,929
Deferred Tax Liabilities
Accelerated depreciation	869	937
Accrued employee benefits		11
Unrealized gain on securities available for sale	197	15
Prepaid expenses	22	59
Deferred loan costs	355	331
Total Liabilities, gross	1,443	1,353
Net Deferred Tax Asset	$ 3,126	$ 4,576

TIME DEPOSITS (Details)

TIME DEPOSITS (Details) $ in Thousands	Dec. 31, 2020USD ($)
Notes to Financial Statements
2021	$ 137,383
2022	44,170
2023	23,097
2024	11,283
2025	18,516
After five years
Total	$ 234,449

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Beginning balance	$ 2,457	$ 2,553
New loans and advances on lines	4,567	1,925
Payments and other reductions	(2,837)	(2,021)
Ending balance	$ 4,187	$ 2,457

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Real Estate [Abstract]
Balance, beginning of year	$ 3,393	$ 5,937
Additions	1,128	811
Transfers from premises and equipment		683
Proceeds from sales	(687)	(1,322)
Proceeds from insurance claims		(19)
Loans made to finance sales	(428)	(2,360)
Adjustment of carrying value	(132)	(214)
Gains (losses) from sales	60	(123)
Balance, end of year	$ 3,334	$ 3,393

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
2021	$ 511
2022	530
2023	544
2024	546
2025	550
Thereafter	3,978
Total lease payments	6,659
Less imputed interest	1,220
Total	$ 5,439

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Balance for the year	$ 5,439	$ 5,835
Average weighted balance	$ 21,496	$ 22,481
Average interest rate paid during the year	2.84%	3.89%
Average interest rate at year end	2.29%	3.64%
Revolving Advances [Member]
Balance for the year
Highest balance at any month-end
Average weighted balance
Average interest rate paid during the year
Average interest rate at year end
Federal Funds Lines [Member]
Balance for the year
Highest balance at any month-end
Average weighted balance		$ 10
Average interest rate paid during the year		3.32%
Average interest rate at year end
Loans Short-Term[Member]
Balance for the year	$ 5,000
Highest balance at any month-end	5,000	2,000
Average weighted balance	$ 2,555	$ 975
Average interest rate paid during the year	1.36%	1.26%
Average interest rate at year end	1.34%
Loans Long-Term [Member]
Balance for the year		$ 5,000
Highest balance at any month-end	5,000	5,000
Average weighted balance	$ 2,445	$ 5,000
Average interest rate paid during the year	1.36%	1.36%
Average interest rate at year end		1.34%
NPB Capital Trust I [Member]
Balance for the year	$ 11,341	$ 11,341
Highest balance at any month-end	11,341	11,341
Average weighted balance	$ 11,341	$ 11,341
Average interest rate paid during the year	3.55%	5.09%
Average interest rate at year end	2.84%	4.59%
NPB Capital Trust 2 [Member]
Balance for the year	$ 5,155	$ 5,155
Highest balance at any month-end	5,155	5,155
Average weighted balance	$ 5,155	$ 5,155
Average interest rate paid during the year	2.70%	4.25%
Average interest rate at year end	2.01%	3.76%

BORROWED FUNDS (Details 1)

BORROWED FUNDS (Details 1) $ in Thousands	Dec. 31, 2020USD ($)
Borrowed Funds
2021	$ 5,000
2022
2023
2024
2025
2026 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, 2020	Dec. 31, 2019
Commitments To Extend Credit [Member]
Financial instruments with off-balance sheet risk	$ 57,334	$ 59,552
Standby Letters of Credit [Member]
Financial instruments with off-balance sheet risk	$ 2,031	$ 2,582

CAPITAL (Details)

CAPITAL (Details) - Bank $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 77,133	$ 72,109
Total Capital to Risk Weighted Assets, Actual, Ratio	0.1641	0.1483
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 37,603	$ 38,910
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.0800	0.080
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 47,028	$ 48,637
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.1000	0.100
Tier 1 Capital Risk Weighted Assets, Actual, Amount	$ 71,241	$ 66,741
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	0.1516	0.1372
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 28,202	$ 29,182
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.0600	0.060
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 37,603	$ 38,910
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0800	0.080
Tier 1 Capital to Average Assets, Actual, Amount	$ 71,241	$ 66,741
Tier 1 Capital to Average Assets, Actual, Ratio	0.0949	0.0943
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 29,989	$ 28,313
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Ratio	0.0400	0.040
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 37,545	$ 35,391
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0500	0.050
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Amount	$ 71,241	$ 66,741
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	0.1516	0.1372
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 30,036	$ 21,887
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.0450	0.045
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 30,552	$ 31,614
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.0650	0.065

FAIR VALUES (Details)

FAIR VALUES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Inputs, Level 2 [Member]
Impaired loans	$ 48,406	$ 50,649
Fair Value, Inputs, Level 3 [Member]
Other real estate owned	3,334	3,393
Impaired loans	7,364	8,645
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U.S. Government Agencies [Member]
Available for sale investments	14,107	15,633
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Taxable Municipals
Available for sale investments	5,345	4,442
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Bonds
Available for sale investments	6,048	5,523
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Available for sale investments	22,906	25,051
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans	25	214
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	1,377	2,709
Construction and Land Development [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	99	70
Residential 1-4 Family [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	1,927	25
Multifamily [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans
Farmland [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Real Estate [Member]
Impaired loans	25	985
Agriculture [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans
Commercial [Member] | Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans	$ 5

FAIR VALUES (Details 1)

FAIR VALUES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Impaired Loans [Member]
Fair Value	$ 4,030	$ 5,252
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 [Member]
Fair Value	$ 3,334	$ 3,393
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 [Member]
General Range of Significant Unobservable Input Values	0.00%
Minimum [Member] | Other Real Estate Owned [Member]
General Range of Significant Unobservable Input Values	0.00%
Maximum [Member] | Impaired Loans [Member]
General Range of Significant Unobservable Input Values	18.00%
Maximum [Member] | Other Real Estate Owned [Member]
General Range of Significant Unobservable Input Values	18.00%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Net Loans	$ 568,375	$ 557,176
Time deposits	234,449
Fair Value, Inputs, Level 2 [Member]
Net Loans	560,634	545,243
Time deposits	237,768	259,325
FHLB advances	16,788	18,503
Fair Value, Inputs, Level 3 [Member]
Net Loans	4,030	5,252
Time deposits
FHLB advances
Reported Value Measurement [Member]
Net Loans	568,375	557,176
Time deposits	234,449	257,406
FHLB advances	21,496	5,000
Estimate of Fair Value Measurement [Member]
Net Loans	564,664	550,495
Time deposits	237,768	259,325
FHLB advances	$ 16,788	$ 18,503

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Service charges and fees									$ 3,217	$ 3,605
Card Processing and interchange income									3,314	3,014
Insurance and investment fees									716	663
Gains on sales of available-for-sale securities									4
Gain on sale and leaseback transactions									4
Other noninterest income									896	567
Total Noninterest Income	$ 2,234	$ 2,116	$ 1,628	$ 2,165	$ 2,051	$ 2,855	$ 1,969	$ 1,777	$ 8,147	$ 8,652

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Noninterest Expenses
Advertising, sponsorships and donations	$ 216	$ 315
ATM network expense	1,476	1,832
Legal and professional fees	839	872
Consulting fees	504	829
Loan related expenses	353	581
Printing and supplies	141	146
FDIC insurance premiums	393	222
Other real estate owned expenses, net	307	635
Other operating expenses	2,507	2,404
Total	$ 6,736	$ 7,836

PARENT CORPORATION ONLY FINAN_3

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Due from banks	$ 16,023				$ 13,998
Other assets	10,317				10,238
LIABILITIES
Accrued interest payable	436				694
Accrued expenses and other liabilities	2,742				2,269
Total Liabilities	698,125				651,771
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2020 and 2019	47,844				47,844
Retained deficit	(4,979)				(7,869)
Accumulated other comprehensive income (loss)	742				57
Total Stockholders' Equity	58,177	$ 56,919	$ 55,473	$ 55,251	54,602	$ 54,206	$ 53,179	$ 52,026	$ 51,250
Total Liabilities and Stockholders' Equity	$ 756,302				$ 706,373
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	$ 215				$ 209
Investment in subsidiaries	72,990				69,463
Other assets	1,669				1,737
Total Assets	74,874				71,409
LIABILITIES
Accrued interest payable	109				182
Accrued expenses and other liabilities	92				129
Trust preferred securities	16,496				16,496
Total Liabilities	16,697				16,807
STOCKHOLDERS' EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at both December 31, 2020 and 2019	47,844				47,844
Additional paid capital	14,570				14,570
Retained deficit	(4,979)				(7,869)
Accumulated other comprehensive income (loss)	742				57
Total Stockholders' Equity	58,177				54,602
Total Liabilities and Stockholders' Equity	$ 74,874				$ 71,409
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, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Expenses
Professional fees									$ 504	$ 829
Other operating expenses									6,736	7,836
Total Expenses	$ 6,272	$ 6,282	$ 7,192	$ 7,251	$ 7,006	$ 7,079	$ 7,684	$ 7,228	26,997	28,997
Income before Income Taxes									3,993	2,581
Income Tax Benefit									1,103	522
Net Income	$ 1,391	$ 1,424	$ 29	$ 46	$ 432	$ 876	$ 345	$ 406	2,890	2,059
Parent Company [Member]
Income
Miscellaneous income									16	26
Dividends from subsidiaries									610	760
Undistributed income of subsidiaries									2,842	2,076
Total income									3,468	2,862
Expenses
Trust preferred securities interest expense									541	796
Professional fees									114	154
Other operating expenses									19	60
Total Expenses									674	1,010
Income before Income Taxes									2,794	1,852
Income Tax Benefit									(96)	(207)
Net Income									$ 2,890	$ 2,059

PARENT CORPORATION ONLY FINAN_5

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities
Net income	$ 1,391	$ 1,424	$ 29	$ 46	$ 432	$ 876	$ 345	$ 406	$ 2,890	$ 2,059
Adjustments to reconcile net income to net cash used in operating activities:
Net decrease (increase) in other assets									77	265
Net Cash Provided by Operating Activities									8,574	11,548
Net increase (decrease) in cash and cash equivalents									42,203	21,974
Cash and Cash Equivalents, Beginning of the Year				50,147				28,173	50,147	28,173
Cash and Cash Equivalents, End of the Year	92,350				50,147				92,350	50,147
Supplemental Disclosure of Cash Paid During the Year for:
Interest									5,151	5,872
Taxes									(166)	(34)
Parent Company [Member]
Cash Flows From Operating Activities
Net income									2,890	2,059
Adjustments to reconcile net income to net cash used in operating activities:
Equity in undistributed earnings of subsidiaries									(2,842)	(2,076)
Net decrease (increase) in other assets									67	(173)
Net (decrease) increase in other liabilities									(109)	38
Net Cash Provided by Operating Activities									6	(152)
Net increase (decrease) in cash and cash equivalents									6	(152)
Cash and Cash Equivalents, Beginning of the Year				$ 209				$ 361	209	361
Cash and Cash Equivalents, End of the Year	$ 215				$ 209				215	209
Supplemental Disclosure of Cash Paid During the Year for:
Interest									614	811
Taxes									$ (166)	$ (34)

SELECTED QUARTERLY INFORMATIO_3

SELECTED QUARTERLY INFORMATION (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income statement
Net interest income	$ 6,447	$ 6,414	$ 6,140	$ 6,142	$ 6,252	$ 6,347	$ 6,282	$ 6,095	$ 25,143	$ 24,976
Provision for loan losses	300	450	550	1,000	760	1,020	135	135	2,300	2,050
Noninterest income	2,234	2,116	1,628	2,165	2,051	2,855	1,969	1,777	8,147	8,652
Noninterest expense	6,272	6,282	7,192	7,251	7,006	7,079	7,684	7,228	26,997	28,997
NET INCOME	$ 1,391	$ 1,424	$ 29	$ 46	$ 432	$ 876	$ 345	$ 406	$ 2,890	$ 2,059
Earnings (loss) per share, basic and diluted	$ 0.06	$ 0.06	$ 0	$ 0	$ 0.02	$ 0.04	$ 0.01	$ 0.02	$ 0.12	$ 0.09
Period end balance sheet
Loans receivable	$ 575,566	$ 585,122	$ 587,566	$ 560,468	$ 562,544	$ 558,174	$ 551,131	$ 553,585	$ 575,566	$ 562,544
Total assets	756,302	749,125	754,651	715,144	706,373	706,939	701,952	721,868	756,302	706,373
Total deposits	668,012	661,672	668,404	629,525	621,477	621,603	619,313	638,409	668,012	621,477
Total stockholders' equity	$ 58,177	$ 56,919	$ 55,473	$ 55,251	$ 54,602	$ 54,206	$ 53,179	$ 52,026	$ 58,177	$ 54,602	$ 51,250