New Peoples Bankshares (NWPP) 10-Q/A 17 May 21 2021 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2021	May 12, 2021
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	This amendment is being filed to comply with regulations.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	000-33411
Entity Registrant Name	NEW PEOPLES BANKSHARES, INC.
Entity Central Index Key	0001163389
Entity Tax Identification Number	31-1804543
Entity Incorporation, State or Country Code	VA
Entity Address, Address Line One	67 Commerce Drive
Entity Address, City or Town	Honaker
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24260
City Area Code	(276)
Local Phone Number	873-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		23,922,086

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
INTEREST AND DIVIDEND INCOME
Loans including fees		$ 6,921	$ 7,098
Federal funds sold			1
Interest-earning deposits with banks		19	162
Investments		247	297
Dividends on equity securities (restricted)		32	37
Total Interest and Dividend Income		7,219	7,595
INTEREST EXPENSE
Deposits		683	1,262
Borrowed funds		123	191
Total Interest Expense		806	1,453
NET INTEREST INCOME		6,413	6,142
PROVISION FOR LOAN LOSSES		186	1,000
PROVISION FOR LOAN LOSSES		6,227	5,142
NONINTEREST INCOME
Service charges and fees		832	851
Insurance and investment fees		226	132
Net gain on sales of available-for-sale securities	[1]		4
Other noninterest income		207	425
Total Noninterest Income		2,129	2,165
NONINTEREST EXPENSES
Salaries and employee benefits		3,079	3,501
Occupancy and equipment expense		1,176	1,113
Data processing and telecommunications		573	620
Other operating expenses		1,521	2,017
Total Noninterest Expenses		6,349	7,251
INCOME BEFORE INCOME TAXES		2,007	56
INCOME TAX EXPENSE		422	10
NET INCOME		$ 1,585	$ 46
Income Per Share
Basic and diluted		$ 0.07	$ 0
Average Weighted Shares of Common Stock
Basic and diluted		23,922,086	23,922,086
[1]	Not within the scope of ASU 2014-09

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
NET INCOME	$ 1,585	$ 46
Investment Securities Activity
Unrealized (losses) gains arising during the period	(525)	767
Reclassification adjustment for net gains included in net income		(4)
Other comprehensive (losses) gains on investment securities	(525)	763
Related tax (benefit) expense	(110)	160
TOTAL OTHER COMPREHENSIVE INCOME	(415)	603
TOTAL COMPREHENSIVE INCOME	$ 1,170	$ 649

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash and due from banks	$ 17,460	$ 16,023
Interest-bearing deposits with banks	113,510	76,105
Federal funds sold	234	222
Total Cash and Cash Equivalents	131,204	92,350
Investment securities available-for-sale	46,292	48,406
Loans held for sale		389
Loans receivable	594,454	575,566
Allowance for loan losses	(7,293)	(7,191)
Net loans	587,161	568,375
Bank premises and equipment, net	22,560	22,174
Other real estate owned	3,342	3,334
Accrued interest receivable	2,223	2,392
Deferred taxes, net	2,813	3,126
Other assets	9,327	10,317
Total Assets	810,266	756,302
Deposits:
Noninterest bearing	259,305	223,725
Interest-bearing	461,649	444,287
Total Deposits	720,954	668,012
Accrued interest payable	359	436
Accrued expenses and other liabilities	2,766	2,742
Total Liabilities	750,919	698,125
STOCKHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,922,086 shares issued and outstanding at March 31, 2021 and December 31, 2020	47,844	47,844
Additional paid-in-capital	14,570	14,570
Retained deficit	(3,394)	(4,979)
Accumulated other comprehensive income	327	742
Total Stockholders’ Equity	59,347	58,177
Total Liabilities and Stockholders’ Equity	$ 810,266	$ 756,302

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share	$ 2	$ 2
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	23,922,086	23,922,086
Common Stock, Shares, Outstanding	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 47,844	$ 14,570	$ (7,869)	$ 57	$ 54,602
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2019	23,922,000
Net income			46		46
Other comprehensive loss, net of tax				603	603
Ending balance, value at Mar. 31, 2020	$ 47,844	14,570	(7,823)	660	55,251
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2020	23,922,000
Beginning balance, value at Dec. 31, 2020	$ 47,844	14,570	(4,979)	742	$ 58,177
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2020	23,922,000				23,922,086
Net income			1,585		$ 1,585
Other comprehensive loss, net of tax				(415)	(415)
Ending balance, value at Mar. 31, 2021	$ 47,844	$ 14,570	$ (3,394)	$ 327	$ 59,347
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2021	23,922,000				23,922,086

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,585	$ 46
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	563	549
Provision for loan losses	186	1,000
Gain on sale of securities available-for-sale		(4)
Gain on sale of mortgage loans	(56)	(39)
Loss (gain) on sale of premises and equipment	3	(1)
Loss (gain) on sale of other real estate owned	17	(58)
Loans originated for sale	(3,459)	(2,702)
Proceeds from sales of loans originated for sale	3,904	2,254
Adjustment of carrying value of other real estate owned	28	87
Amortization of bond premiums	93	117
Deferred tax benefit	423	10
Net change in:
Accrued interest receivable	169	70
Other assets	1,002	(777)
Accrued interest payable	(77)	12
Accrued expenses and other liabilities	24	160
Net Cash Provided by Operating Activities	4,393	706
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of securities available-for-sale	(1,481)
Proceeds from sale of investment securities available-for-sale		1,025
Proceeds from repayments and maturities of securities available-for-sale	2,977	2,533
Payments for the purchase of premises and equipment	(952)	(1,108)
Proceeds from sale of premises and equipment		1
Proceeds from sales of other real estate owned	65	118
Net Cash (Used in) Provided by Investing Activities	(18,481)	4,768
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in noninterest bearing deposits	35,580	6,624
Net Cash Provided by Financing Activities	52,942	8,048
Net increase in cash and cash equivalents	38,854	13,522
Cash and Cash Equivalents, Beginning of the Period	92,350	50,147
Cash and Cash Equivalents, End of the Period	131,204	63,669
Supplemental Disclosure of Cash Paid During the Period for:
Interest	883	1,441
Taxes
Supplemental Disclosure of Non-cash Transactions:
Other real estate acquired in settlement of foreclosed loans	$ 118	$ 252

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS Nature of Operations –

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These consolidated financial statements conform to U. S. generally accepted accounting principles (GAAP) and to general industry practices. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the Company’s financial position at March 31, 2021 and December 31, 2020, and the results of operations for the three month periods ended March 31, 2021 and 2020. The notes included herein should be read in conjunction with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. The results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year or any future period. The consolidated financial statements include New Peoples, the Bank, NPB Insurance Services, Inc., and NPB Web Services, Inc. (hereinafter, collectively referred to as the Company, we, us or our). All significant intercompany balances and transactions have been eliminated. In accordance with Accounting Standards Codification (ASC) 942, Financial Services – Depository and Lending, NPB Capital Trust I and 2 are not included in the consolidated financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses and the determination of the deferred tax asset and related valuation allowance are based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions.

INCOME PER SHARE

INCOME PER SHARE	3 Months Ended
	Mar. 31, 2021
Income Per Share
INCOME PER SHARE	NOTE 3 INCOME PER SHARE Basic and diluted net income per common share calculations follows: (Dollars in Thousands, Except Share and Per Share Data) For the three months ended March 31, 2021 2020 Net income $ 1,585 $ 46 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average dilutive shares outstanding 23,922,086 23,922,086 Basic and diluted income per share $ 0.07 $ 0.00

CAPITAL

CAPITAL	3 Months Ended
	Mar. 31, 2021
CAPITAL	NOTE 4 CAPITAL Capital Requirements and Ratios The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve’s Small Bank Holding Company Policy Statement issued in February 2015 and, therefore, is not 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 March 31, 2021, 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 March 31, 2021 and December 31, 2020, respectively. Actual Minimum Capital Requirement Minimum to Be Well (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2021: Total Capital to Risk Weighted Assets $ 78,934 16.16 % $ 39,066 8.0 % $ 48,833 10.0 % Tier 1 Capital to Risk Weighted Assets 72,815 14.91 % 29,300 6.0 % 39,066 8.0 % Tier 1 Capital to Average Assets 72,815 9.41 % 30,967 4.0 % 38,709 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 72,815 14.91 % 21,975 4.5 % 31,741 6.5 % 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 % 20,036 4.5 % 30,552 6.5 % Accordingly, as of March 31, 2021 and December 31, 2020, the Bank was well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since such dates that management believes have changed the Bank’s category. The Bank is also subject to the rules implementing the Basel III capital framework and certain related provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The final rules require the Bank to comply with the following minimum capital ratios: (i) a Common Equity Tier 1 capital to risk-weighted assets ratio of at least 4.5%, plus a 2.5% “capital conservation buffer” (effectively resulting in a minimum Common Equity Tier 1 capital to risk-weighted assets ratio of 7%), (ii) a ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum Tier 1 capital ratio of 8.5%), (iii) a ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum total capital ratio of 10.5%), and (iv) a leverage ratio of 4%, calculated as the ratio of Tier 1 capital to average assets. The phase-in of the capital conservation buffer requirement began on January 1, 2016, at 0.625% of risk-weighted assets, increasing by the same amount each year until it was fully implemented at 2.5% on January 1, 2019. The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking institutions with a Common Equity Tier 1 capital to risk-weighted assets ratio above the minimum but below the conservation buffer face constraints on dividends, equity repurchases, and compensation based on the amount of the shortfall. All ratios shown in the table above exceed the minimum requirements. The Bank’s capital conservation buffer as of March 31, 2021 was 8.16%.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2021
Investment Securities Activity
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES The amortized cost and estimated fair value of available-for-sale (AFS) securities as March 31, 2021 and December 31, 2020 is as follows: Amortized Gross Gross Approximate March 31, 2021 U.S. Government Agencies $ 13,177 $ 215 $ 76 $ 13,316 Taxable municipals 5,654 138 59 5,733 Corporate bonds 5,790 137 — 5,927 Mortgage backed securities 21,257 326 267 21,316 Total Securities AFS $ 45,878 $ 816 $ 402 $ 46,292 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 AFS $ 47,467 $ 1,084 $ 145 $ 48,406 The following table details unrealized losses and related fair values in the AFS portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021 and December 31, 2020. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2021 U.S. Government Agencies $ 1,048 $ 27 $ 3,970 $ 49 $ 5,018 $ 76 Taxable municipals 1,502 59 — — 1,502 59 Mortgage backed securities 8,385 263 263 4 8,648 267 Total Securities AFS $ 10,935 $ 349 $ 4,233 $ 53 $ 15,168 $ 402 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 Mortgage backed securities 7,517 44 218 3 7,735 47 Total Securities AFS $ 10,215 $ 87 $ 4,047 $ 58 $ 14,262 $ 145 At March 31, 2021, there were 44 securities in a loss position, of which 27 have been in a loss position for twelve months or more. Management believes that all unrealized losses have resulted from temporary changes in the interest rates and current market conditions and not as a result of credit deterioration. Management does not intend to sell, and it is not likely that the Bank will be required to sell any of the securities referenced in the table above before recovery of their amortized cost. Investment securities with a carrying value of $6.3 million and $6.8 million at March 31, 2021 and December 31, 2020, respectively, were pledged as collateral to secure public deposits and for other purposes required by law. The following table summarizes sales of AFS debt securities for the three months ended March 31, (Dollars are in thousands) 2021 2020 Proceeds $ — $ 1,025 Gains — 7 Losses — (3 ) Tax benefit — (1 ) The amortized cost and fair value of investment securities at March 31, 2021, 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. (Dollars are in thousands) Securities Available-for-Sale Amortized Fair Weighted Due in one year or less $ 1,029 $ 1,042 1.96 % Due after one year through five years 6,433 6,560 3.45 % Due after five years through ten years 8,905 9,118 2.78 % Due after ten years 29,511 29,572 1.77 % Total $ 45,878 $ 46,292 2.20 % The Bank, as a member of the Federal Reserve Bank of Richmond (the Reserve Bank) and the Federal Home Loan Bank (the FHLB) of Atlanta, is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities are restricted from trading and are recorded at a cost of $2.22 million and $2.58 million at March 31, 2021 and December 31, 2020, respectively.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
LOANS	NOTE 6 LOANS No loans were held for sale at March 31, 2021. At December 31, 2020, $389 thousand of loans were held for sale, which represent mortgage loans originated for sale. These originations and sales are executed on a best efforts basis. Loans receivable outstanding as of March 31, 2021 and December 31, 2020 are summarized as follows: (Dollars are in thousands) March 31, December 31, 2020 Real estate secured: Commercial $ 191,156 $ 179,381 Construction and land development 28,798 25,031 Residential 1-4 family 218,256 222,980 Multifamily 20,488 16,569 Farmland 19,609 18,368 Total real estate loans 478,307 462,329 Commercial 90,732 86,010 Agriculture 4,216 4,450 Consumer installment loans 19,521 20,632 All other loans 1,678 2,145 Total loans $ 594,454 $ 575,566 Included in commercial loans at March 31, 2021 and December 31, 2020 were $37.6 million and $34.8 million of Paycheck Protection Program (PPP) loans, respectively, that are guaranteed by the Small Business Administration (SBA). Fees paid by SBA for round 1 PPP loans 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. For round 2 PPP loans the fee structure was modified to the lesser of 50%, or $2.5 thousand for loans up to $50 thousand, 5% on loans ranging from $50 thousand to $350 thousand; 3% on loans between $350 thousand and $2 million and 1% on loans over $2 million. Included in total loans above, are net deferred fees, including unearned PPP loans fees, of $860 thousand and $456 thousand at March 31, 2021 and December 31, 2020, respectively. Income from net deferred fees 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 as of March 31, 2021 and December 31, 2020 are summarized as follows: (Dollars are in thousands) March 31, December 31, 2020 Real estate secured: Commercial $ 2,125 $ 2,225 Construction and land development 54 57 Residential 1-4 family 3,027 2,700 Farmland 87 101 Total real estate loans 5,293 5,083 Commercial 50 453 Consumer installment loans and other loans 12 12 Total loans receivable on nonaccrual status $ 5,355 $ 5,548 Total interest income not recognized on nonaccrual loans for the three months ended March 31, 2021 and March 31, 2020 was $135 thousand and $189 thousand, respectively. 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, during 2020. At March 31, 2021, 646 loans totaling $103.2 million had completed their forbearance period and resumed a normal payment schedule and two loans totaling $206 thousand remained in forbearance. The remaining 138 loans have repaid in full or been refinanced at market terms and conditions. The following table presents information concerning the Company’s investment in loans considered impaired as of March 31, 2021 and December 31, 2020: As of March 31, 2021 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 496 $ 532 $ — Construction and land development 88 366 — Residential 1-4 family 1,900 2,178 — Multifamily — — — Farmland 574 755 — Commercial — — — Agriculture — — — Consumer installment loans 3 4 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 1,436 1,527 558 Construction and land development — — — Residential 1-4 family 301 331 45 Multifamily — — — Farmland — — — Commercial 30 38 5 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 4,828 $ 5,731 $ 608 As of December 31, 2020 (Dollars are in thousands) Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 385 $ 386 $ — Construction and land development 99 376 — Residential 1-4 family 1,662 1,898 — Multifamily — — — Farmland 391 560 — Commercial — — — Agriculture — — — Consumer installment loans 5 6 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 1,566 1,678 574 Construction and land development — — — Residential 1-4 family 337 365 72 Multifamily — — — Farmland 208 220 2 Commercial 429 437 404 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 5,082 $ 5,926 $ 1,052 The following tables present information concerning the Company’s average impaired loans and interest recognized on those impaired loans, for the periods indicated: Three Months Ended March 31, 2021 March 31, 2020 (Dollars are in thousands) Average Interest Average Interest With no allowance recorded: Real estate secured: Commercial $ 441 $ — $ 2,335 $ 9 Construction and land development 94 4 67 4 Residential 1-4 family 1,781 14 1,304 13 Multifamily — — — — Farmland 483 9 761 10 Commercial — — 115 1 Agriculture — — — — Consumer installment loans 4 — — — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 1,501 3 433 — Construction and land development — — — — Residential 1-4 family 319 — 54 — Multifamily — — — — Farmland 104 — 216 2 Commercial 230 1 286 — Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 4,957 $ 31 $ 5,571 $ 39 An age analysis of past due loans receivable as of March 31, 2021 and December 31, 2020 is below. At March 31, 2021 and December 31, 2020, there were no loans over 90 days past due that were accruing. As of March 31, 2021 (Dollars are in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 1,509 $ 166 $ 351 $ 2,026 $ 189,130 $ 191,156 Construction and land development 9 — — 9 28,789 28,798 Residential 1-4 family 2,355 531 356 3,242 215,014 218,256 Multifamily — — — — 20,488 20,488 Farmland — — — — 19,609 19,609 Total real estate loans 3,873 697 707 5,277 473,030 478,307 Commercial 216 4 — 220 90,512 90,732 Agriculture — — — — 4,216 4,216 Consumer installment loans 76 42 1 119 19,402 19,521 All other loans — — — — 1,678 1,678 Total loans $ 4,165 $ 743 $ 708 $ 5,616 $ 588,838 $ 594,454 As of December 31, 2020 (Dollars are in thousands) Loans Loans Loans Total Current Total 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 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 individually by classifying the loans receivable as to credit risk. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans classified doubtful have all the weaknesses inherent in loans classified as substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. Based on the most recent analysis performed, the risk categories of loans receivable as of March 31, 2021 and December 31, 2020 was as follows: As of March 31, 2021 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 182,141 $ 6,889 $ 1,988 $ 138 $ 191,156 Construction and land development 26,986 1,758 54 — 28,798 Residential 1-4 family 214,306 987 2,963 — 218,256 Multifamily 20,256 232 — — 20,488 Farmland 17,901 1,621 87 — 19,609 Total real estate loans 461,590 11,487 5,092 138 478,307 Commercial 87,043 3,639 50 — 90,732 Agriculture 4,024 192 — — 4,216 Consumer installment loans 19,500 9 12 — 19,521 All other loans 1,678 — — — 1,678 Total $ 573,835 $ 15,327 $ 5,154 $ 138 $ 594,454 As of December 31, 2020 (Dollars are in thousands) Pass Special 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

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 7 ALLOWANCE FOR LOAN LOSSES In determining the amount of our allowance for loan losses, 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 March 31, 2021 and 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. The following tables present activity in the allowance for loan losses by portfolio segment for the three month periods ended March 31, 2021 and 2020, respectively. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of March 31, 2021, and December 31, 2020, respectively. Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Charge-offs — — (6 ) — — (92 ) — (13 ) — (111 ) Recoveries 2 — 8 — — — — 17 — 27 Provision 178 (47 ) 330 14 59 (298 ) (7 ) (43 ) — 186 Ending balance $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ — $ 7,293 Allowance for loan losses at March 31, 2021 Individually evaluated for impairment $ 558 $ — $ 45 $ — $ — $ 5 $ — $ — $ — $ 608 Collectively evaluated for impairment 1,903 186 2,238 165 156 1,880 33 124 — 6,685 $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ — $ 7,293 Loans at March 31, 2021 Individually evaluated for impairment $ 1,932 $ 88 $ 2,201 $ — $ 574 $ 30 $ — $ 3 $ — $ 4,828 Collectively evaluated for impairment 189,224 28,710 216,055 20,488 19,035 90,702 4,216 21,196 — 589,626 $ 191,156 $ 28,798 $ 218,256 $ 20,488 $ 19,609 $ 90,732 $ 4,216 $ 21,199 $ — $ 594,454 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total 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 (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2020 Beginning balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Charge-offs (22 ) — — — (42 ) (13 ) — (33 ) — (110 ) Recoveries 2 — 8 — 33 29 1 6 — 79 Provision 452 56 333 28 46 51 11 25 (2 ) 1,000 Ending balance $ 1,680 $ 214 $ 2,077 $ 132 $ 146 $ 1,856 $ 39 $ 193 $ — $ 6,337 Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2021
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 9 OTHER REAL ESTATE OWNED The following table summarizes the activity in other real estate owned for the three months ended March 31, 2021 and the year ended December 31, 2020: (Dollars are in thousands) March 31, December 31, 2020 Balance, beginning of period $ 3,334 $ 3,393 Additions 118 1,128 Transfers from premises and equipment — — Proceeds from sales (65 ) (687 ) Proceeds from insurance claims — — Loans made to finance sales — (428 ) Adjustment of carrying value (28 ) (132 ) (Losses) gains from sales (17 ) 60 Balance, end of period $ 3,342 $ 3,334

FAIR VALUES

FAIR VALUES	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 10 FAIR VALUES The financial reporting standard, “Fair Value Measurements and Disclosures” provides a framework for measuring fair value under generally accepted accounting principles and requires disclosures about the fair value of assets and liabilities recognized in the balance sheet in periods subsequent to initial recognition, whether the measurements are made on a recurring basis (for example, available-for-sale investment securities) or on a nonrecurring basis (for example, impaired loans and other real estate acquired through foreclosure). 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 March 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance): March 31, 2021 (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) Available for sale investments U.S. Government Agencies $ — $ 13,316 $ — Taxable municipals — 5,733 — Corporate bonds — 5,927 — Mortgage backed securities — 21,316 — (On a non-recurring basis) — — 3,342 Other real estate owned Impaired loans — — 4,220 Total $ — $ 46,292 $ 7,562 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): December 31, 2020 (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (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 4,030 Total $ — $ 48,406 7,364 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at March 31, 2021 Fair Value at Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 4,220 $ 4,030 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 $ 3,342 $ 3,334 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 Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. The following summary presents the methodologies and assumptions used to estimate the fair value of the Company’s financial instruments presented below. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. 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 as of March 31, 2021 and December 31, 2020 are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs March 31, 2021 Financial Instruments – Assets Net Loans $ 587,161 $ 583,803 $ — $ 578,975 $ 4,828 Financial Instruments – Liabilities Time Deposits 226,566 229,513 — 229,513 — Borrowed funds 21,496 17,893 — 17,893 — 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 — 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, 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 values of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities, trust preferred securities and accrued interest approximates fair value and are excluded from the table above. In accordance with our adoption of Accounting Standards Update (ASU) 2016-01 in 2018, the methods utilized to measure the fair value of financial instruments at March 31, 2021 and December 31, 2020, represent an approximation of exit price; however, an actual exit price may differ.

LEASING ACTIVITIES

LEASING ACTIVITIES	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
LEASING ACTIVITIES	NOTE 11 LEASING ACTIVITIES As of March 31, 2021, the Bank leases five branch office sites resulting from sale leaseback transactions entered into in 2017 and 2019. 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 March 31, 2021 was 11.65 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 March 31, 2021 was 3.16%. For the three months ended March 31, 2021 and 2020, operating lease expenses were $138 thousand and $144 thousand, respectively. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At March 31, 2021, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2021 $ 406 2022 530 2023 544 2024 546 2025 550 Thereafter 3,978 Total lease payments 6,554 Less imputed interest 1,210 Total $ 5,344

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 12 REVENUE FROM CONTRACTS WITH CUSTOMERS All 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 three months ended March 31, 2021 and 2020. For the three months ended March 31, (Dollars in thousands) 2021 2020 Service charges and fees $ 832 $ 851 Card processing and interchange income 864 753 Net gain on sale of securities available-for-sale (1) — 4 Insurance and investment fees 226 132 Other noninterest income 207 425 Total Noninterest Income $ 2,129 $ 2,165 (1) Not within the scope of ASU 2014-09

Other operating expenses, inclu

Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented:	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interest [Abstract]
Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented:	Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: For the three months ended (Dollars are in thousands) 2021 2020 Advertising $ 35 $ 65 ATM network expense 342 392 Legal, accounting and professional fees 285 234 Consulting fees 55 323 Loan related expenses 107 107 Printing and supplies 36 37 FDIC insurance premiums 70 93 Other real estate owned, net 97 63 Other 494 703 Total other operatinsg expenses $ 1,521 $ 2,017

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 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. No subsequent events have occurred since March 31, 2021.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	3 Months Ended
	Mar. 31, 2021
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 15 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 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.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These consolidated financial statements conform to U. S. generally accepted accounting principles (GAAP) and to general industry practices. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the Company’s financial position at March 31, 2021 and December 31, 2020, and the results of operations for the three month periods ended March 31, 2021 and 2020. The notes included herein should be read in conjunction with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020. The results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year or any future period. The consolidated financial statements include New Peoples, the Bank, NPB Insurance Services, Inc., and NPB Web Services, Inc. (hereinafter, collectively referred to as the Company, we, us or our). All significant intercompany balances and transactions have been eliminated. In accordance with Accounting Standards Codification (ASC) 942, Financial Services – Depository and Lending, NPB Capital Trust I and 2 are not included in the consolidated financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The determination of the adequacy of the allowance for loan losses and the determination of the deferred tax asset and related valuation allowance are based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions.

INCOME PER SHARE (Tables)

INCOME PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2021
Income Per Share
Basic and diluted net income per common share calculations follows:	Basic and diluted net income per common share calculations follows: (Dollars in Thousands, Except Share and Per Share Data) For the three months ended March 31, 2021 2020 Net income $ 1,585 $ 46 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average dilutive shares outstanding 23,922,086 23,922,086 Basic and diluted income per share $ 0.07 $ 0.00

CAPITAL (Tables)

CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2021
The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2021 and December 31, 2020, respectively.	The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2021 and December 31, 2020, respectively. Actual Minimum Capital Requirement Minimum to Be Well (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2021: Total Capital to Risk Weighted Assets $ 78,934 16.16 % $ 39,066 8.0 % $ 48,833 10.0 % Tier 1 Capital to Risk Weighted Assets 72,815 14.91 % 29,300 6.0 % 39,066 8.0 % Tier 1 Capital to Average Assets 72,815 9.41 % 30,967 4.0 % 38,709 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 72,815 14.91 % 21,975 4.5 % 31,741 6.5 % 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 % 20,036 4.5 % 30,552 6.5 %

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Investment Securities Activity
The amortized cost and estimated fair value of available-for-sale (AFS) securities as March 31, 2021 and December 31, 2020 is as follows:	The amortized cost and estimated fair value of available-for-sale (AFS) securities as March 31, 2021 and December 31, 2020 is as follows: Amortized Gross Gross Approximate March 31, 2021 U.S. Government Agencies $ 13,177 $ 215 $ 76 $ 13,316 Taxable municipals 5,654 138 59 5,733 Corporate bonds 5,790 137 — 5,927 Mortgage backed securities 21,257 326 267 21,316 Total Securities AFS $ 45,878 $ 816 $ 402 $ 46,292 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 AFS $ 47,467 $ 1,084 $ 145 $ 48,406
The following table details unrealized losses and related fair values in the AFS portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021 and December 31, 2020.	The following table details unrealized losses and related fair values in the AFS portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021 and December 31, 2020. Less than 12 Months 12 Months or More Total (Dollars are in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses March 31, 2021 U.S. Government Agencies $ 1,048 $ 27 $ 3,970 $ 49 $ 5,018 $ 76 Taxable municipals 1,502 59 — — 1,502 59 Mortgage backed securities 8,385 263 263 4 8,648 267 Total Securities AFS $ 10,935 $ 349 $ 4,233 $ 53 $ 15,168 $ 402 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 Mortgage backed securities 7,517 44 218 3 7,735 47 Total Securities AFS $ 10,215 $ 87 $ 4,047 $ 58 $ 14,262 $ 145
The following table summarizes sales of AFS debt securities for the three months ended March 31,	The following table summarizes sales of AFS debt securities for the three months ended March 31, (Dollars are in thousands) 2021 2020 Proceeds $ — $ 1,025 Gains — 7 Losses — (3 ) Tax benefit — (1 )
The amortized cost and fair value of investment securities at March 31, 2021, 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.	The amortized cost and fair value of investment securities at March 31, 2021, 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. (Dollars are in thousands) Securities Available-for-Sale Amortized Fair Weighted Due in one year or less $ 1,029 $ 1,042 1.96 % Due after one year through five years 6,433 6,560 3.45 % Due after five years through ten years 8,905 9,118 2.78 % Due after ten years 29,511 29,572 1.77 % Total $ 45,878 $ 46,292 2.20 %

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Loans receivable on nonaccrual status as of March 31, 2021 and December 31, 2020 are summarized as follows:	Loans receivable on nonaccrual status as of March 31, 2021 and December 31, 2020 are summarized as follows: (Dollars are in thousands) March 31, December 31, 2020 Real estate secured: Commercial $ 2,125 $ 2,225 Construction and land development 54 57 Residential 1-4 family 3,027 2,700 Farmland 87 101 Total real estate loans 5,293 5,083 Commercial 50 453 Consumer installment loans and other loans 12 12 Total loans receivable on nonaccrual status $ 5,355 $ 5,548
The following table presents information concerning the Company’s investment in loans considered impaired as of March 31, 2021 and December 31, 2020:	The following table presents information concerning the Company’s investment in loans considered impaired as of March 31, 2021 and December 31, 2020: As of March 31, 2021 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 496 $ 532 $ — Construction and land development 88 366 — Residential 1-4 family 1,900 2,178 — Multifamily — — — Farmland 574 755 — Commercial — — — Agriculture — — — Consumer installment loans 3 4 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 1,436 1,527 558 Construction and land development — — — Residential 1-4 family 301 331 45 Multifamily — — — Farmland — — — Commercial 30 38 5 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 4,828 $ 5,731 $ 608 As of December 31, 2020 (Dollars are in thousands) Recorded Unpaid Principal Balance Related With no related allowance recorded: Real estate secured: Commercial $ 385 $ 386 $ — Construction and land development 99 376 — Residential 1-4 family 1,662 1,898 — Multifamily — — — Farmland 391 560 — Commercial — — — Agriculture — — — Consumer installment loans 5 6 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 1,566 1,678 574 Construction and land development — — — Residential 1-4 family 337 365 72 Multifamily — — — Farmland 208 220 2 Commercial 429 437 404 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 5,082 $ 5,926 $ 1,052 The following tables present information concerning the Company’s average impaired loans and interest recognized on those impaired loans, for the periods indicated: Three Months Ended March 31, 2021 March 31, 2020 (Dollars are in thousands) Average Interest Average Interest With no allowance recorded: Real estate secured: Commercial $ 441 $ — $ 2,335 $ 9 Construction and land development 94 4 67 4 Residential 1-4 family 1,781 14 1,304 13 Multifamily — — — — Farmland 483 9 761 10 Commercial — — 115 1 Agriculture — — — — Consumer installment loans 4 — — — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 1,501 3 433 — Construction and land development — — — — Residential 1-4 family 319 — 54 — Multifamily — — — — Farmland 104 — 216 2 Commercial 230 1 286 — Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 4,957 $ 31 $ 5,571 $ 39
Based on the most recent analysis performed, the risk categories of loans receivable as of March 31, 2021 and December 31, 2020 was as follows:	Based on the most recent analysis performed, the risk categories of loans receivable as of March 31, 2021 and December 31, 2020 was as follows: As of March 31, 2021 (Dollars are in thousands) Pass Special Substandard Doubtful Total Real estate secured: Commercial $ 182,141 $ 6,889 $ 1,988 $ 138 $ 191,156 Construction and land development 26,986 1,758 54 — 28,798 Residential 1-4 family 214,306 987 2,963 — 218,256 Multifamily 20,256 232 — — 20,488 Farmland 17,901 1,621 87 — 19,609 Total real estate loans 461,590 11,487 5,092 138 478,307 Commercial 87,043 3,639 50 — 90,732 Agriculture 4,024 192 — — 4,216 Consumer installment loans 19,500 9 12 — 19,521 All other loans 1,678 — — — 1,678 Total $ 573,835 $ 15,327 $ 5,154 $ 138 $ 594,454 As of December 31, 2020 (Dollars are in thousands) Pass Special 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

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of March 31, 2021, and December 31, 2020, respectively.	The following tables present activity in the allowance for loan losses by portfolio segment for the three month periods ended March 31, 2021 and 2020, respectively. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of March 31, 2021, and December 31, 2020, respectively. Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ — $ 7,191 Charge-offs — — (6 ) — — (92 ) — (13 ) — (111 ) Recoveries 2 — 8 — — — — 17 — 27 Provision 178 (47 ) 330 14 59 (298 ) (7 ) (43 ) — 186 Ending balance $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ — $ 7,293 Allowance for loan losses at March 31, 2021 Individually evaluated for impairment $ 558 $ — $ 45 $ — $ — $ 5 $ — $ — $ — $ 608 Collectively evaluated for impairment 1,903 186 2,238 165 156 1,880 33 124 — 6,685 $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ — $ 7,293 Loans at March 31, 2021 Individually evaluated for impairment $ 1,932 $ 88 $ 2,201 $ — $ 574 $ 30 $ — $ 3 $ — $ 4,828 Collectively evaluated for impairment 189,224 28,710 216,055 20,488 19,035 90,702 4,216 21,196 — 589,626 $ 191,156 $ 28,798 $ 218,256 $ 20,488 $ 19,609 $ 90,732 $ 4,216 $ 21,199 $ — $ 594,454 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total 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 (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2020 Beginning balance $ 1,248 $ 158 $ 1,736 $ 104 $ 109 $ 1,789 $ 27 $ 195 $ 2 $ 5,368 Charge-offs (22 ) — — — (42 ) (13 ) — (33 ) — (110 ) Recoveries 2 — 8 — 33 29 1 6 — 79 Provision 452 56 333 28 46 51 11 25 (2 ) 1,000 Ending balance $ 1,680 $ 214 $ 2,077 $ 132 $ 146 $ 1,856 $ 39 $ 193 $ — $ 6,337

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2021
Real Estate [Abstract]
The following table summarizes the activity in other real estate owned for the three months ended March 31, 2021 and the year ended December 31, 2020:	The following table summarizes the activity in other real estate owned for the three months ended March 31, 2021 and the year ended December 31, 2020: (Dollars are in thousands) March 31, December 31, 2020 Balance, beginning of period $ 3,334 $ 3,393 Additions 118 1,128 Transfers from premises and equipment — — Proceeds from sales (65 ) (687 ) Proceeds from insurance claims — — Loans made to finance sales — (428 ) Adjustment of carrying value (28 ) (132 ) (Losses) gains from sales (17 ) 60 Balance, end of period $ 3,342 $ 3,334

FAIR VALUES (Tables)

FAIR VALUES (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value are as follows as of March 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance):	Assets and liabilities measured at fair value are as follows as of March 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance): March 31, 2021 (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) Available for sale investments U.S. Government Agencies $ — $ 13,316 $ — Taxable municipals — 5,733 — Corporate bonds — 5,927 — Mortgage backed securities — 21,316 — (On a non-recurring basis) — — 3,342 Other real estate owned Impaired loans — — 4,220 Total $ — $ 46,292 $ 7,562 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): December 31, 2020 (Dollars are in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (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 4,030 Total $ — $ 48,406 7,364
For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows:	For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: (Dollars in thousands) Fair Value at March 31, 2021 Fair Value at Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 4,220 $ 4,030 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 $ 3,342 $ 3,334 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 18
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 as of March 31, 2021 and December 31, 2020 are as follows:	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 as of March 31, 2021 and December 31, 2020 are as follows: Fair Value Measurements (Dollars are in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs March 31, 2021 Financial Instruments – Assets Net Loans $ 587,161 $ 583,803 $ — $ 578,975 $ 4,828 Financial Instruments – Liabilities Time Deposits 226,566 229,513 — 229,513 — Borrowed funds 21,496 17,893 — 17,893 — 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 —

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At March 31, 2021, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands):	The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At March 31, 2021, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2021 $ 406 2022 530 2023 544 2024 546 2025 550 Thereafter 3,978 Total lease payments 6,554 Less imputed interest 1,210 Total $ 5,344

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: For the three months ended (Dollars are in thousands) 2021 2020 Advertising $ 35 $ 65 ATM network expense 342 392 Legal, accounting and professional fees 285 234 Consulting fees 55 323 Loan related expenses 107 107 Printing and supplies 36 37 FDIC insurance premiums 70 93 Other real estate owned, net 97 63 Other 494 703 Total other operatinsg expenses $ 1,521 $ 2,017

Basic and diluted net income pe

Basic and diluted net income per common share calculations follows: (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Per Share
Net income	$ 1,585	$ 46
Weighted average shares outstanding	23,922,086	23,922,086
Weighted average dilutive shares outstanding	23,922,086	23,922,086
Basic and diluted income per share	$ 0.07	$ 0

The Bank_s actual capital amoun

The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2021 and December 31, 2020, respectively. (Details) $ in Thousands	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 78,934	$ 77,133
Total Capital to Risk Weighted Assets, Actual, Ratio	0.1616	0.1641
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 39,066	$ 37,603
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.080	0.080
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 48,833	$ 47,028
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.100	0.100
Tier 1 Capital Risk Weighted Assets, Actual, Amount	$ 72,815	$ 71,241
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	0.1491	0.1516
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 29,300	$ 28,202
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.060	0.060
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,066	$ 37,603
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.080	0.080
Tier 1 Capital to Average Assets, Actual, Amount	$ 72,815	$ 71,241
Tier 1 Capital to Average Assets, Actual, Ratio	0.0941	0.0949
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 30,967	$ 29,989
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Ratio	0.040	0.040
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 38,709	$ 37,545
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.050	0.050
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Amount	$ 72,815	$ 71,241
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	0.1491	0.1516
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 21,975	$ 20,036
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Ratio	0.045	0.045
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 31,741	$ 30,552
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065	0.065

The amortized cost and estimate

The amortized cost and estimated fair value of available-for-sale (AFS) securities as March 31, 2021 and December 31, 2020 is as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 45,878	$ 47,467
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	816	1,084
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	402	145
Available-for-sale Securities	46,292	48,406
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	13,177	13,852
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	215	322
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	76	67
Available-for-sale Securities	13,316	14,107
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	5,654	5,157
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	138	188
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	59
Available-for-sale Securities	5,733	5,345
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	5,790	5,893
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	137	186
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax		31
Available-for-sale Securities	5,927	6,048
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	21,257	22,565
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	326	388
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	267	47
Available-for-sale Securities	$ 21,316	$ 22,906

The following table details unr

The following table details unrealized losses and related fair values in the AFS portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2021 and Decembe (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 10,935	$ 10,215
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	349	87
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	4,233	4,047
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	53	58
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	15,168	14,262
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	402	145
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,048	1,479
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	27	12
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	3,970	3,829
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	49	55
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	5,018	5,308
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	76	67
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	1,502
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	59
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	1,502
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	59
Collateralized Mortgage Backed Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	8,385	7,517
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	263	44
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	263	218
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	4	3
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	8,648	7,735
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss	$ 267	47
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		1,219
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		31
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value
Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value		1,219
Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss		$ 31

The following table summarizes

The following table summarizes sales of AFS debt securities for the three months ended March 31, (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Investment Securities Activity
Proceeds		$ 1,025

The amortized cost and fair val

The amortized cost and fair value of investment securities at March 31, 2021, 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 (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Investment Securities Activity
Due in one year or less, amortized cost	$ 1,029
Due in one year or less, fair value	1,042
Due after one year through five years, amortized cost	6,433
Due after one year through five years, fair value	6,560
Due after five years through ten years, amortized cost	8,905
Due after five years through ten years, fair value	9,118
Due after ten years, amortized cost	29,511
Due after ten years, fair value	29,572
Amortized cost, total	45,878	$ 47,467
Approximate fair value	$ 46,292	$ 48,406

Loans receivable outstanding as

Loans receivable outstanding as of March 31, 2021 and December 31, 2020 are summarized as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 594,454	$ 575,566
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	478,307	462,329
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	90,732	86,010
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	191,156	179,381
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	28,798	25,031
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	218,256	222,980
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	20,488	16,569
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	19,609	18,368
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	4,216	4,450
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	19,521	20,632
Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 1,678	$ 2,145

Loans receivable on nonaccrual

Loans receivable on nonaccrual status as of March 31, 2021 and December 31, 2020 are summarized as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	$ 5,355	$ 5,548
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	5,293	5,083
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	50	453
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	2,125	2,225
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	54	57
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	3,027	2,700
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	87	101
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Nonaccrual	$ 12	$ 12

The following table presents in

The following table presents information concerning the Company’s investment in loans considered impaired as of March 31, 2021 and December 31, 2020: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	$ 4,828		$ 5,082
Impaired Financing Receivable, Unpaid Principal Balance	5,731		5,926
Impaired Financing Receivable, Related Allowance	608		1,052
Average Recorded Investment	4,957	$ 5,571
Interest Income Recognized	31	39
Commercial Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment		115
Interest Income Recognized		1
Commercial Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	30		429
Impaired Financing Receivable, Unpaid Principal Balance	38		437
Impaired Financing Receivable, Related Allowance	5		404
Average Recorded Investment	230	286
Interest Income Recognized	1
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	496		385
Impaired Financing Receivable, Unpaid Principal Balance	532		386
Impaired Financing Receivable, Related Allowance
Average Recorded Investment	441	2,335
Interest Income Recognized		9
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	1,436		1,566
Impaired Financing Receivable, Unpaid Principal Balance	1,527		1,678
Impaired Financing Receivable, Related Allowance	558		574
Average Recorded Investment	1,501	433
Interest Income Recognized	3
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	88		99
Impaired Financing Receivable, Unpaid Principal Balance	366		376
Impaired Financing Receivable, Related Allowance
Average Recorded Investment	94	67
Interest Income Recognized	4	4
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	1,900		1,662
Impaired Financing Receivable, Unpaid Principal Balance	2,178		1,898
Impaired Financing Receivable, Related Allowance
Average Recorded Investment	1,781	1,304
Interest Income Recognized	14	13
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	301		337
Impaired Financing Receivable, Unpaid Principal Balance	331		365
Impaired Financing Receivable, Related Allowance	45		72
Average Recorded Investment	319	54
Interest Income Recognized
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	574		391
Impaired Financing Receivable, Unpaid Principal Balance	755		560
Impaired Financing Receivable, Related Allowance
Average Recorded Investment	483	761
Interest Income Recognized	9	10
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment			208
Impaired Financing Receivable, Unpaid Principal Balance			220
Impaired Financing Receivable, Related Allowance			2
Average Recorded Investment	104	216
Interest Income Recognized		2
Agriculture [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
Agriculture [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
Consumer Loan [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment	3		5
Impaired Financing Receivable, Unpaid Principal Balance	4		6
Impaired Financing Receivable, Related Allowance
Average Recorded Investment	4
Interest Income Recognized
Consumer Loan [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
All Other Loans [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized
All Other Loans [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired Financing Receivable, Recorded Investment
Impaired Financing Receivable, Unpaid Principal Balance
Impaired Financing Receivable, Related Allowance
Average Recorded Investment
Interest Income Recognized

An age analysis of past due loa

An age analysis of past due loans receivable as of March 31, 2021 and December 31, 2020 is below. At March 31, 2021 and December 31, 2020, there were no loans over 90 days past due that were accruing. (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 594,454	$ 575,566
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	478,307	462,329
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	90,732	86,010
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	191,156	179,381
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	28,798	25,031
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	218,256	222,980
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	20,488	16,569
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	19,609	18,368
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	4,216	4,450
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	19,521	20,632
Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 1,678	$ 2,145

Based on the most recent analys

Based on the most recent analysis performed, the risk categories of loans receivable as of March 31, 2021 and December 31, 2020 was as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 594,454	$ 575,566
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	573,835	555,544
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	15,327	14,614
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	5,154	5,408
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	138
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	478,307	462,329
Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	461,590	446,683
Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	11,487	10,703
Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	5,092	4,943
Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	138
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	90,732	86,010
Commercial Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	87,043	81,846
Commercial Portfolio Segment [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	3,639	3,711
Commercial Portfolio Segment [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	50	453
Commercial Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Commercial Portfolio Segment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	191,156	179,381
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	182,141	171,212
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	6,889	6,112
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,988	2,057
Commercial Portfolio Segment [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	138
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	28,798	25,031
Real Estate Investment [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	26,986	23,168
Real Estate Investment [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,758	1,806
Real Estate Investment [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	54	57
Real Estate Investment [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	218,256	222,980
Residential Real Estate [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	214,306	218,947
Residential Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	987	1,304
Residential Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	2,963	2,729
Residential Real Estate [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	20,488	16,569
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	20,256	16,337
Multifamily [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	232	232
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Multifamily [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	19,609	18,368
Farmland [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	17,901	17,019
Farmland [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,621	1,249
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	87	100
Farmland [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	4,216	4,450
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	4,024	4,255
Agriculture [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	192	195
Agriculture [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Agriculture [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	19,521	20,632
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	19,500	20,615
Consumer Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	9	5
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	12	12
Consumer Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,678	2,145
Other Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,678	2,145
Other Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Other Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable
Other Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable

Additionally, the allocation of

Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of March 31, 2021, and December 31, 2020, respectively. (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Beginning balance	$ 7,191	$ 5,368
Charge-offs	(111)	(110)
Recoveries	27	79
Provision	186	1,000
Ending balance	7,293	6,337
Collectively evaluated for impairment			$ 6,685	$ 6,139
	7,191	6,337	7,293	7,191
Individually evaluated for impairment			4,828	5,082
Collectively evaluated for impairment			589,626	570,484
Loans receivable			594,454	575,566
Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	2,275	1,789
Charge-offs	(92)	(13)
Recoveries		29
Provision	(298)	51
Ending balance	1,885	1,856
Collectively evaluated for impairment			1,880	1,871
	1,885	1,856	1,885	2,275
Individually evaluated for impairment			30	429
Collectively evaluated for impairment			90,702	85,581
Loans receivable			90,732	86,010
Agriculture [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	40	27
Charge-offs
Recoveries		1
Provision	(7)	11
Ending balance	33	39
Collectively evaluated for impairment			33	40
	33	39	33	40
Individually evaluated for impairment
Collectively evaluated for impairment			4,216	4,450
Loans receivable			4,216	4,450
Consumer And All Other [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	163	195
Charge-offs	(13)	(33)
Recoveries	17	6
Provision	(43)	25
Ending balance	124	193
Collectively evaluated for impairment			124	163
	124	193	124	163
Individually evaluated for impairment			3	5
Collectively evaluated for impairment			21,196	22,772
Loans receivable			21,199	22,777
Unallocated Financing Receivables [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance		2
Charge-offs
Recoveries
Provision		(2)
Ending balance
Collectively evaluated for impairment
		2
Individually evaluated for impairment
Collectively evaluated for impairment
Loans receivable
Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Loans receivable			478,307	462,329
Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	2,281	1,248
Charge-offs		(22)
Recoveries	2	2
Provision	178	452
Ending balance	2,461	1,680
Collectively evaluated for impairment			1,903	1,707
	2,461	1,680	2,461	2,281
Individually evaluated for impairment			1,932	1,951
Collectively evaluated for impairment			189,224	177,430
Loans receivable			191,156	179,381
Real Estate [Member] | Real Estate Investment [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	233	158
Charge-offs
Recoveries
Provision	(47)	56
Ending balance	186	214
Collectively evaluated for impairment			186	233
	186	214	186	233
Individually evaluated for impairment			88	99
Collectively evaluated for impairment			28,710	24,932
Loans receivable			28,798	25,031
Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	1,951	1,736
Charge-offs	(6)
Recoveries	8	8
Provision	330	333
Ending balance	2,283	2,077
Collectively evaluated for impairment			2,238	1,879
	2,283	2,077	2,283	1,951
Individually evaluated for impairment			2,201	1,999
Collectively evaluated for impairment			216,055	220,981
Loans receivable			218,256	222,980
Real Estate [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	151	104
Charge-offs
Recoveries
Provision	14	28
Ending balance	165	132
Collectively evaluated for impairment			165	151
	165	132	165	151
Individually evaluated for impairment
Collectively evaluated for impairment			20,488	16,569
Loans receivable			20,488	16,569
Real Estate [Member] | Farmland [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	97	109
Charge-offs		(42)
Recoveries		33
Provision	59	46
Ending balance	156	146
Collectively evaluated for impairment			156	95
	$ 156	$ 146	156	97
Individually evaluated for impairment			574	599
Collectively evaluated for impairment			19,035	17,769
Loans receivable			$ 19,609	$ 18,368

The following table summarize_2

The following table summarizes the activity in other real estate owned for the three months ended March 31, 2021 and the year ended December 31, 2020: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Real Estate [Abstract]
Balance, beginning of period	$ 3,334	$ 3,393
Balance, end of period	$ 3,342	$ 3,334

Assets and liabilities measured

Assets and liabilities measured at fair value are as follows as of March 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance): (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	$ 0	$ 0
Fair Value, Inputs, Level 1 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 1 [Member] | Taxable Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 1 [Member] | Corporate Bond Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	0	0
Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	13,316	14,107
Fair Value, Inputs, Level 2 [Member] | Taxable Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	5,733	5,345
Fair Value, Inputs, Level 2 [Member] | Corporate Bond Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	5,927	6,048
Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	21,316	22,906
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	3,342	3,334
Fair Value, Inputs, Level 3 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 3 [Member] | Taxable Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 3 [Member] | Corporate Bond Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	0	0
Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	$ 0	$ 0

For Level 3 assets measured at

For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: (Details)	3 Months Ended
	Mar. 31, 2021
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique	Appraised Value/Discounted Cash Flows/Market Value of Note
Other Real Estate Owned [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources

The carrying amount and fair va

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 as of March 31, 2021 and December 31, 2020 are as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	$ 587,161	$ 568,375
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	0	0
Time deposits	0	0
Borrowed funds	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	578,975	560,634
Time deposits	229,513	237,768
Borrowed funds	17,893	16,788
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	4,828	4,030
Time deposits	0	0
Borrowed funds	0	0
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	587,161	568,375
Time deposits	226,566	234,449
Borrowed funds	21,496	21,496
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Net Loans	583,803	564,664
Time deposits	229,513	237,768
Borrowed funds	$ 17,893	$ 16,788

The Company_s other operating l

The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At March 31, 2021, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in (Details) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
2021	$ 406
2022	530
2023	544
2024	546
2025	550
Thereafter	3,978
Less imputed interest	1,210
Total	$ 5,344

All our revenue from contracts

All 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 three months ended March 31, 2021 and 2020. (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Revenue from Contract with Customer [Abstract]
Service charges and fees		$ 832	$ 851
Net gain on sale of securities available-for-sale	[1]		4
Insurance and investment fees		226	132
Other noninterest income		207	425
Total Noninterest Income		$ 2,129	$ 2,165
[1]	Not within the scope of ASU 2014-09

Other operating expenses, inc_2

Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Noncontrolling Interest [Abstract]
Advertising	$ 35	$ 65
Legal, accounting and professional fees	285	234
Consulting fees	55	323
Loan related expenses	107	107
Printing and supplies	36	37
FDIC insurance premiums	70	93
Total other operatinsg expenses	$ 1,521	$ 2,017