New Peoples Bankshares (NWPP) 10-Q/A 17 May 22 2022 Q1 Quarterly report (amended) Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2022	May 13, 2022
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, 2022
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
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		23,921,022

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 17,040	$ 14,952
Interest-bearing deposits with banks	61,806	45,766
Federal funds sold	18	228
Total Cash and Cash Equivalents	78,864	60,946
Investment securities available-for-sale, at fair value	106,820	107,358
Loans held for sale	100
Loans receivable	595,132	593,744
Allowance for loan losses	(6,759)	(6,735)
Net loans	588,373	587,009
Bank premises and equipment, net	20,293	20,735
Other real estate owned	795	1,361
Accrued interest receivable	2,087	2,112
Deferred taxes, net	2,610	1,673
Bank owned life insurance	4,690	4,685
Right-of-use assets – operating leases	3,981	4,062
Other assets	4,923	4,706
Total Assets	813,536	794,647
Deposits:
Noninterest bearing	269,251	251,257
Interest-bearing	461,717	456,256
Total Deposits	730,968	707,513
Borrowed funds	16,496	16,496
Lease liabilities – operating leases	3,981	4,062
Accrued interest payable	254	272
Accrued expenses and other liabilities	2,925	2,673
Total Liabilities	754,624	731,016
SHAREHOLDERS’ EQUITY
23,922,086 shares issued and outstanding at March 31, 2022 and December 31, 2021	47,844	47,844
Additional paid-in-capital	14,570	14,570
Retained earnings	2,756	2,031
Accumulated other comprehensive loss	(6,258)	(814)
Total Shareholders’ Equity	58,912	63,631
Total Liabilities and Shareholders’ Equity	$ 813,536	$ 794,647

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	23,922,086	23,922,086
Common stock, outstanding	23,922,086	23,922,086

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 6,674	$ 6,921
Interest-earning deposits with banks	21	19
Investments	435	247
Dividends on equity securities (restricted)	27	32
Total Interest and Dividend Income	7,157	7,219
INTEREST EXPENSE
Deposits	430	683
Borrowed funds	106	123
Total Interest Expense	536	806
NET INTEREST INCOME	6,621	6,413
PROVISION FOR LOAN LOSSES	100	186
PROVISION FOR LOAN LOSSES	6,521	6,227
NONINTEREST INCOME
Service charges and fees	1,007	832
Card processing and interchange	916	864
Insurance and investment fees	241	226
Other noninterest income	205	207
Total Noninterest Income	2,369	2,129
NONINTEREST EXPENSES
Salaries and employee benefits	3,275	3,079
Occupancy and equipment expense	1,006	1,176
Data processing and telecommunications	554	573
Other operating expenses	1,604	1,521
Total Noninterest Expenses	6,439	6,349
INCOME BEFORE INCOME TAXES	2,451	2,007
INCOME TAX EXPENSE	530	422
NET INCOME	$ 1,921	$ 1,585
Earnings Per Share
Basic and diluted	$ 0.08	$ 0.07
Average Weighted Shares of Common Stock
Basic and diluted	$ 23,922,086	$ 23,922,086

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
NET INCOME	$ 1,921	$ 1,585
Investment Securities Activity
Unrealized losses arising during the period	(6,892)	(525)
Other comprehensive losses on investment securities	(6,892)	(525)
Related tax benefit	(1,448)	(110)
TOTAL OTHER COMPREHENSIVE LOSS	(5,444)	(415)
TOTAL COMPREHENSIVE (LOSS) INCOME	$ (3,523)	$ 1,170

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' 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, 2020	$ 47,844	$ 14,570	$ (4,979)	$ 742	$ 58,177
Balance at beginning, shares at Dec. 31, 2020	23,922
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
Balance at ending, shares at Mar. 31, 2021	23,922
Beginning balance, value at Dec. 31, 2021	$ 47,844	14,570	2,031	(814)	63,631
Balance at beginning, shares at Dec. 31, 2021	23,922
Net income			1,921		1,921
Other comprehensive loss, net of tax				(5,444)	(5,444)
Cash dividend declared ($0.05 per share)			(1,196)		(1,196)
Ending balance, value at Mar. 31, 2022	$ 47,844	$ 14,570	$ 2,756	$ (6,258)	$ 58,912
Balance at ending, shares at Mar. 31, 2022	23,922

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,921	$ 1,585
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	471	563
Provision for loan losses	100	186
Income on bank owned life insurance	(5)	(12)
Gain on sale of mortgage loans	(6)	(56)
Loss on sale of premises and equipment		3
(Gain) loss on sale of other real estate owned	(27)	17
Loans originated for sale	(337)	(3,459)
Proceeds from sales of loans originated for sale	243	3,904
Adjustment of carrying value of other real estate owned	137	28
Amortization of bond premiums	134	93
Deferred tax benefit	511	423
Net change in:
Accrued interest receivable	25	169
Other assets	(185)	1,002
Accrued interest payable	(18)	(77)
Accrued expenses and other liabilities	262	24
Net Cash Provided by Operating Activities	3,226	4,393
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(1,156)	(19,090)
Purchase of securities available-for-sale	(10,677)	(1,481)
Proceeds from repayments and maturities of securities available-for-sale	4,189	2,977
Net purchase of equity securities (restricted)	(32)
Payments for the purchase of premises and equipment	(29)	(952)
Proceeds from sales of other real estate owned	138	65
Net Cash Used in Investing Activities	(7,567)	(18,481)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in noninterest bearing deposits	17,994	35,580
Net change in interest bearing deposits	5,461	17,362
Dividends paid	(1,196)
Net Cash Provided by Financing Activities	22,259	52,942
Net increase in cash and cash equivalents	17,918	38,854
Cash and Cash Equivalents, Beginning of the Period	60,946	92,350
Cash and Cash Equivalents, End of the Period	78,864	131,204
Supplemental Disclosure of Cash Paid During the Period for:
Interest	554	883
Supplemental Disclosure of Non-cash Transactions:
Other real estate acquired in settlement of foreclosed loans		118
Loans made to finance sale of other real estate owned	308
Change in unrealized losses on securities available for sale	$ (6,892)	$ (525)

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2022
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, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 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, 2022 and December 31, 2021, and the results of operations for the three month periods ended March 31, 2022 and 2021. 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, 2021. 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. Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share
EARNINGS PER SHARE	NOTE 3 EARNINGS PER SHARE Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the three month periods ended March 31, 2022 and 2021, there were no potential common shares. Basic and diluted net earnings per common share calculations follow: Schedule of basic and diluted net loss per common share calculations (Dollars in Thousands, Except Share and Per Share Data) For the three months ended March 31, 2022 2021 Net income $ 1,921 $ 1,585 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average diluted shares outstanding 23,922,086 23,922,086 Basic and diluted income per share $ 0.08 $ 0.07

CAPITAL

CAPITAL	3 Months Ended
	Mar. 31, 2022
Capital
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, 2022, 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, 2022 and December 31, 2021, respectively. Schedule of capital requirements Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2022: Total Capital to Risk Weighted Assets 86,861 15.90 % $ 43,711 8.0 % $ 54,639 10.0 % Tier 1 Capital to Risk Weighted Assets 80,102 14.66 % 32,784 6.0 % 43,711 8.0 % Tier 1 Capital to Average Assets 80,102 9.95 % 32,203 4.0 % 40,254 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 80,102 14.66 % 24,588 4.5 % 35,515 6.5 % December 31, 2021: Total Capital to Risk Weighted Assets 85,890 16.23 % $ 42,332 8.0 % $ 52,915 10.0 % Tier 1 Capital to Risk Weighted Assets 79,274 14.98 % 31,749 6.0 % `42,332 8.0 % Tier 1 Capital to Average Assets 79,274 9.86 % 32,145 4.0 % 40,181 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 79,274 14.98 % 23,812 4.5 % 34,395 6.5 % Accordingly, as of March 31, 2022 and December 31, 2021, 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 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, 2022 was 7.90

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2022
Investment Securities Activity
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES The amortized cost and estimated fair value of available-for-sale (AFS) securities as of March 31, 2022 and December 31, 2021 are as follows: Schedule of securities amortized cost and estimated fair value Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value March 31, 2022 U.S. Treasuries $ 10,493 $ 3 $ 488 $ 10,008 U.S. Government Agencies 8,669 16 286 8,399 Taxable municipals 22,815 11 2,508 20,318 Corporate bonds 3,523 8 133 3,398 Mortgage backed securities 69,242 8 4,553 64,697 Total Securities AFS $ 114,742 $ 46 $ 7,968 $ 106,820 December 31, 2021 U.S. Treasuries $ 7,791 $ 2 $ 122 $ 7,671 U.S. Government Agencies 9,098 77 86 9,089 Taxable municipals 23,075 159 254 22,980 Corporate bonds 2,014 23 18 2,019 Mortgage backed securities 66,410 143 954 65,599 Total Securities available for sale $ 108,388 $ 404 $ 1,434 $ 107,358 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, 2022 and December 31, 2021. Schedule of fair value and gross unrealized losses on investment securities 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, 2022 U. S. Treasuries $ 8,289 $ 488 $ — $ — $ 8,289 $ 488 U.S. Government Agencies 3,317 162 3,115 124 6,432 286 Taxable municipals 18,655 2,455 350 53 19,005 2,508 Corporate bonds 1,867 133 — — 1,867 133 Mortgage backed securities 53,460 3,767 7,640 786 61,100 4,553 Total Securities AFS $ 85,588 $ 7,005 $ 11,105 $ 963 $ 96,693 $ 7,968 December 31, 2021 U.S. Treasuries $ 6,200 $ 122 $ — $ — $ 6,200 $ 122 U.S. Government Agencies 977 10 3,434 76 4,411 86 Taxable municipals 13,040 237 387 17 13,427 254 Corporate bonds 1,482 18 — — 1,482 18 Mortgage backed securities 52,180 758 6,282 196 58,462 954 Total Securities AFS $ 73,879 $ 1,145 $ 10,103 $ 289 $ 83,982 $ 1,434 At March 31, 2022, there were 192 securities in a loss position, of which 33 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 $ 11.1 12.1 No AFS debt securities were sold during the three months ended March 31, 2022 and 2021. The amortized cost and fair value of investment securities at March 31, 2022, 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. Schedule of amortized cost and fair value of investment securities contractual maturity Weighted (Dollars are in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ 301 $ 304 3.46 % Due after one year through five years 12,855 12,454 1.72 % Due after five years through ten years 13,449 12,711 1.70 % Due after ten years 88,137 81,351 1.70 % Total $ 114,742 $ 106,820 1.71 % 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, which are included in Other Assets on the consolidated balance sheet, are restricted from trading and are recorded at a cost of $ 2.1 2.0

LOANS

LOANS	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
LOANS	NOTE 6 LOANS At March 31, 2022, $ 100 Loans receivable outstanding as of March 31, 2022 and December 31, 2021 are summarized as follows: Schedule of Loans receivable outstanding (Dollars are in thousands) March 31, 2022 December 31, 2021 Real estate secured: Commercial $ 207,339 $ 206,162 Construction and land development 38,846 32,325 Residential 1-4 family 224,478 224,530 Multifamily 34,409 33,048 Farmland 18,107 18,735 Total real estate loans 523,179 514,800 Commercial 47,620 54,325 Agriculture 3,916 4,021 Consumer installment loans 18,947 18,756 All other loans 1,470 1,842 Total loans $ 595,132 $ 593,744 Included in commercial loans at March 31, 2022 and December 31, 2021 were $ 2.8 6.4 Also included in total loans above are deferred loan fees of $ 1.7 1.8 2.1 2.0 Loans receivable on nonaccrual status as of March 31, 2022 and December 31, 2021 are summarized as follows: Summary of loans receivable on nonaccrual status (Dollars are in thousands) March 31, 2022 December 31, 2021 Real estate secured: Commercial $ 289 $ 415 Construction and land development 36 37 Residential 1-4 family 2,217 2,314 Multifamily 50 111 Farmland 46 48 Total real estate loans 2,638 2,925 Commercial — 9 Consumer installment loans and other loans 2 7 Total loans receivable on nonaccrual status $ 2,640 $ 2,941 Total interest income not recognized on nonaccrual loans for the three months ended March 31, 2022 and March 31, 2021 was $5 thousand and $135 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 totaling $119.6 million, during 2020. At March 31, 2022 and December 31, 2021, no loans were subject to pandemic related forbearance. At March 31, 2022, 511 of the original 786 accounts remain, totaling $75.5 million. Of these remaining accounts, three loans totaling $133 thousand are past due 90 days or more. The following table presents information concerning the Company’s investment in loans considered impaired as of March 31, 2022 and December 31, 2021: Schedule of summary of impaired loans As of March 31, 2022 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 97 $ 138 $ — Construction and land development 17 291 — Residential 1-4 family 1,484 1,786 — Multifamily — — — Farmland 301 470 — Commercial — — — Agriculture — — — Consumer installment loans 1 2 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 307 368 86 Construction and land development — — — Residential 1-4 family 302 331 49 Multifamily 50 111 50 Farmland 193 205 13 Commercial 26 34 1 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 2,778 $ 3,736 $ 199 As of December 31, 2021 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 99 $ 140 $ — Construction and land development 24 298 — Residential 1-4 family 1,508 1,791 — Multifamily — — — Farmland 320 490 — Commercial — — — Agriculture — — — Consumer installment loans 2 2 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 315 372 94 Construction and land development — — — Residential 1-4 family 340 372 53 Multifamily — — — Farmland 197 209 17 Commercial 28 35 2 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 2,833 $ 3,709 $ 166 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, 2022 March 31, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no allowance recorded: Real estate secured: Commercial $ 171 $ 1 $ 441 $ — Construction and land development 41 4 94 4 Residential 1-4 family 1,602 11 1,781 14 Multifamily — — — — Farmland 370 6 483 9 Commercial — — — — Agriculture — — — — Consumer installment loans 2 — 4 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 589 1 1,501 3 Construction and land development — — — — Residential 1-4 family 320 3 319 — Multifamily 25 — — — Farmland 157 2 104 — Commercial 68 — 230 1 Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,345 $ 28 $ 4,957 $ 31 An age analysis of past due loans receivable as of March 31, 2022 and December 31, 2021 is below. At March 31, 2022 and December 31, 2021, there were no loans over 90 days past due that were accruing. Summary age analysis of past due loans receivable As of March 31, 2022 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial $ — $ — $ — $ — $ 207,339 $ 207,339 Construction and land development 6 — 37 43 38,803 38,846 Residential 1-4 family 2,028 124 377 2,529 221,949 224,478 Multifamily — — 50 50 34,359 34,409 Farmland 17 — — 17 18,090 18,107 Total real estate loans 2,051 124 464 2,639 520,540 523,179 Commercial — — — — 47,620 47,620 Agriculture 1 — — 1 3,915 3,916 Consumer installment loans 67 14 — 81 18,866 18,947 All other loans — — — — 1,470 1,470 Total loans $ 2,119 $ 138 $ 464 $ 2,721 $ 592,411 $ 595,132 As of December 31, 2021 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial — — — — 206,162 $ 206,162 Construction and land development 7 — 7 14 32,311 32,325 Residential 1-4 family 2,473 240 486 3,199 221,331 224,530 Multifamily — — 111 111 32,937 33,048 Farmland — — — — 18,735 18,735 Total real estate loans 2,480 240 604 3,324 511,476 514,800 Commercial 5 — — 5 54,320 54,325 Agriculture — — — — 4,021 4,021 Consumer installment Loans 56 5 — 61 18,695 18,756 All other loans — — — — 1,842 1,842 Total loans 2,541 245 604 3,390 590,354 $ 593,744 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, 2022 and December 31, 2021 was as follows: Summary of risk category of loans receivable As of March 31, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 199,674 $ 7,376 $ 289 $ — $ 207,339 Construction and land development 37,917 892 37 — 38,846 Residential 1-4 family 221,493 769 2,216 — 224,478 Multifamily 33,928 431 50 — 34,409 Farmland 17,128 933 46 — 18,107 Total real estate loans 510,140 10,401 2,638 — 523,179 Commercial 46,566 1,054 — — 47,620 Agriculture 3,916 — — — 3,916 Consumer installment loans 18,944 1 2 — 18,947 All other loans 1,470 — — — 1,470 Total $ 581,036 $ 11,456 $ 2,640 $ — $ 595,132 As of December 31, 2021 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 198,022 $ 7,725 $ 415 $ — $ 206,162 Construction and land development 31,366 922 37 — 32,325 Residential 1-4 family 221,342 915 2,273 — 224,530 Multifamily 32,499 438 111 — 33,048 Farmland 18,137 550 48 — 18,735 Total real estate loans 501,366 10,550 2,884 — 514,800 Commercial 53,162 1,154 9 — 54,325 Agriculture 4,021 — — — 4,021 Consumer installment loans 18,746 2 8 — 18,756 All other loans 1,842 — — — 1,842 Total $ 579,137 $ 11,706 $ 2,901 $ — $ 593,744

ALLOWANCE FOR LOAN LOSSES

ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Mar. 31, 2022
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, 2022 and December 31, 2021. 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, 2022 and 2021, respectively. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of March 31, 2022, and December 31, 2021, respectively Schedule of allocation of portion of allowance (Dollars are in thousand) Real estate secured Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs — — — (61 ) — (28 ) — (14 ) — (103 ) Recoveries — — 14 — — 11 — 2 — 27 Provision (2 ) 40 (53 ) 120 (6 ) (77 ) — 16 62 100 Ending balance $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Allowance for loan losses at March 31, 2022 Individually evaluated for impairment $ 86 $ — $ 49 $ 50 $ 13 $ 1 $ — $ — $ — $ 199 Collectively evaluated for impairment 2,046 229 2,149 263 130 1,004 28 112 599 6,560 Total $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Loans at March 31, 2022 Individually evaluated for impairment $ 404 $ 17 $ 1,786 $ 50 $ 494 $ 26 $ — $ 1 $ — $ 2,778 Collectively evaluated for impairment 206,935 38,829 222,692 34,359 17,613 47,594 3,916 20,416 — 592,354 Total $ 207,339 $ 38,846 $ 224,478 $ 34,409 $ 18,107 $ 47,620 $ 3,916 $ 20,417 $ — $ 595,132 (Dollars are in thousands) Real estate secured 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, 2021 Individually evaluated for impairment $ 94 $ — $ 53 $ — $ 17 $ 2 $ — $ — $ — $ 166 Collectively evaluated for impairment 2,040 189 2,184 254 132 1,097 28 108 537 6,569 Total $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Loans at December 31, 2021 Individually evaluated for impairment $ 414 $ 24 $ 1,848 $ — $ 517 $ 28 $ — $ 2 $ — $ 2,833 Collectively evaluated for impairment 205,748 32,301 222,682 33,048 18,218 54,297 4,021 20,596 — 590,911 Total $ 179,381 $ 25,031 $ 222,980 $ 16,569 $ 18,368 $ 86,010 $ 4,450 $ 22,777 $ — $ 593,744 (Dollars are in thousands) Real estate secured 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 Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

TROUBLED DEBT RESTRUCTURINGS

TROUBLED DEBT RESTRUCTURINGS	3 Months Ended
	Mar. 31, 2022
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS There were $ 2.4 2.5 One loan totaling $84 thousand, previously modified as a trouble debt restructuring, defaulted during the three months ended March 31, 2022. No restructured notes defaulted during the three months ended March 31, 2021. Generally, a restructured troubled debt is considered to be in default once it becomes 90 days or more past due following a modification. In determining the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings in its estimate. The Company evaluates all troubled debt restructurings for possible further impairment. As a result, the allowance may be increased, adjustments may be made in the allocation of the allowance, or charge-offs may be taken to further write down the carrying value of the loan.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2022
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, 2022 and the year ended December 31, 2021: Schedule of other real estate owned (Dollars are in thousands) March 31, 2022 December 31, 2021 Balance, beginning of period $ 1,361 $ 3,334 Additions — 566 Transfers from premises and equipment — 950 Proceeds from sales (138 ) (2,645 ) Proceeds from insurance claims — (54 ) Loans made to finance sales (308 ) (400 ) Adjustment of carrying value (137 ) (466 ) Net gains from sales 17 76 Balance, end of period $ 795 $ 1,361

FAIR VALUES

FAIR VALUES	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 10 FAIR VALUES The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market and in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in the principal or most advantageous market and in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are valued using other financial instruments, the parameters of which can be directly observed. Level 3: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy are as follows: Investment Securities Available for Sale - Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices. The Company’s available for sale securities, totaling $106.8 million and $107.4 million at March 31, 2022 and December 31, 2021, respectively, are the only assets whose fair values are measured on a recurring basis using Level 2 inputs from an independent pricing service. Loans - The Company does not record loans at fair value on a recurring basis. Real estate serves as collateral on a substantial majority of the Company’s loans. When a loan is considered impaired, a specific reserve may be established. Loans, which are deemed to be impaired and require a reserve are primarily valued on a non-recurring basis at the fair value of the underlying real estate collateral. Where there is no observable market price, such fair values are obtained using independent appraisals, which management evaluates to determine whether or not the fair value of the collateral is further impaired below the appraised value and adjusts for estimated costs of disposition. The Company records impaired loans as nonrecurring Level 3 assets. Other Real Estate Owned –Other real estate owned is adjusted to fair value upon transfer of the loans, or former bank premises, to other real estate owned. These assets are carried at the lower of their carrying value or fair value. Fair value is based upon observable market prices, when available, reduced by estimated disposition costs, which the Company considers to be nonrecurring Level 2 inputs. When observable market prices are not available, management determines the fair value of the foreclosed asset using independent third-party appraisals, evaluated to determine whether or not the property is further impaired below the appraised value, and adjusts for estimated costs of disposition. The Company records foreclosed assets as nonrecurring Level 3. Assets and liabilities measured at fair value are as follows as of March 31, 2022 (for purpose of this table the impaired loans are shown net of the related allowance): Schedule of summary of assets and liabilities measured at fair value March 31, 2022 (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Treasuries $ — $ 10,008 $ — U.S. Government Agencies 8,399 Taxable municipals — 20,318 — Corporate bonds — 3,398 — Mortgage backed securities — 64,697 — (On a non-recurring basis) Other real estate owned — — 795 Impaired loans — — 2,579 Total $ — $ 106,820 $ 3,374 Assets and liabilities measured at fair value are as follows as of December 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance): December 31, 2021 (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Treasuries $ — $ 7,671 $ — U.S. Government Agencies 9,089 Taxable municipals — 22,980 — Corporate bonds — 2,019 — Mortgage backed securities — 65,599 — (On a non-recurring basis) Other real estate owned — — 1,361 Impaired loans 2,667 Total $ — $ 107,358 4,194 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2022 and December 31, 2021, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at March 31, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 2,579 $ 2,667 Appraised Value/ Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 795 $ 1,361 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 FASB ASC 825, Financial Instruments, requires disclosure about fair value of financial instruments, including those financial assets and financial liabilities that are not required to be measured and reported at fair value on a recurring or nonrecurring basis. ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The carrying values of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities and accrued interest approximates fair value and are excluded from the table below. The estimated fair values, and related carrying or notional amounts, of the Company's financial instruments and their placement in the fair value hierarchy at March 31, 2022 and December 31, 2021 was as follows (in thousands): Schedule of estimated fair value of financial instruments Fair Value Measurements (Dollars are in thousands) Carrying Amount Fair Value Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) March 31, 2022 Financial Instruments – Assets Net Loans $ 588,373 $ 582,253 $ — $ — $ 582,253 Financial Instruments – Liabilities Time Deposits 190,572 192,407 — 192,407 — Borrowed funds 16,496 15,970 — 15,970 — December 31, 2021 Financial Instruments – Assets Net Loans $ 587,009 $ 580,024 $ — $ — $ 580,024 Financial Instruments – Liabilities Time Deposits 196,285 198,353 — 198,353 — Borrowed funds 16,496 15,649 — 15,649 —

LEASING ACTIVITIES

LEASING ACTIVITIES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
LEASING ACTIVITIES	NOTE 11 LEASING ACTIVITIES As of March 31, 2022, the Bank leases four branch office sites resulting from sale leaseback transactions entered into in 2017 and a sublet of a lot adjacent to another office. The lease agreements have maturity dates ranging from May 2032 to December 2041. 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, 2022 was 10.36 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, 2022 was 3.24 The Company’s operating lease costs for the three months ended March 31, 2022 and 2021, as the result of the transactions discussed above, were $ 114 138 The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At March 31, 2022, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): Schedule of future minimum rental commitments under the non-cancellable operating leases 2022 $ 330 2023 455 2024 455 2025 455 2026 455 Thereafter 2,698 Total lease payments 4,848 Less imputed interest 867 Total $ 3,981

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2022
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, 2022 and 2021: Schedule of revenue from contracts with customers For the three months ended March 31, (Dollars in thousands) 2022 2021 Service charges and fees $ 1,007 $ 832 Card processing and interchange income 916 864 Insurance and investment fees 241 226 Other noninterest income 205 207 Total Noninterest Income $ 2,369 $ 2,129

NONINTEREST EXPENSES

NONINTEREST EXPENSES	3 Months Ended
	Mar. 31, 2022
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 13 NONINTEREST EXPENSES Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: Schedule of noninterest expenses For the three months ended March 31, (Dollars are in thousands) 2022 2021 Advertising $ 28 $ 35 ATM network expense 367 342 Legal, accounting and professional fees 231 267 Consulting fees 67 55 Loan related expenses 97 107 Printing and supplies 33 36 FDIC insurance premiums 49 70 Other real estate owned, net 130 97 Other 602 512 Total other operating expenses $ 1,604 $ 1,521

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 14 SUBSEQUENT EVENTS On April 20, 2022, the United States District Court for the Western District of Virginia issued summary judgment, in favor of the Bank, dismissing all remaining claims made in a lawsuit filed by a former employee in January 2021, alleging wrongful termination based on gender, religion and age. On April 28, 2022 the board of directors of the Company authorized the repurchase of up to 500,000

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	3 Months Ended
	Mar. 31, 2022
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. The Company has contracted with a software vendor and is currently working through the implementation process. It is anticipated the Company will run the new methodology parallel to the current allowance methodology for several periods before full implementation. 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 the London Interbank Offering Rate (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 working through implementation of this guidance, and to date this amendment has not had a material impact 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. In March 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the CECL model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of TDRs, an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have adopted ASU 2016-13, ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2016-13, the effective dates for ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13. An entity may elect to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated 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.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share
Schedule of basic and diluted net loss per common share calculations	Schedule of basic and diluted net loss per common share calculations (Dollars in Thousands, Except Share and Per Share Data) For the three months ended March 31, 2022 2021 Net income $ 1,921 $ 1,585 Weighted average shares outstanding 23,922,086 23,922,086 Weighted average diluted shares outstanding 23,922,086 23,922,086 Basic and diluted income per share $ 0.08 $ 0.07

CAPITAL (Tables)

CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2022
Capital
Schedule of capital requirements	Schedule of capital requirements Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars are in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2022: Total Capital to Risk Weighted Assets 86,861 15.90 % $ 43,711 8.0 % $ 54,639 10.0 % Tier 1 Capital to Risk Weighted Assets 80,102 14.66 % 32,784 6.0 % 43,711 8.0 % Tier 1 Capital to Average Assets 80,102 9.95 % 32,203 4.0 % 40,254 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 80,102 14.66 % 24,588 4.5 % 35,515 6.5 % December 31, 2021: Total Capital to Risk Weighted Assets 85,890 16.23 % $ 42,332 8.0 % $ 52,915 10.0 % Tier 1 Capital to Risk Weighted Assets 79,274 14.98 % 31,749 6.0 % `42,332 8.0 % Tier 1 Capital to Average Assets 79,274 9.86 % 32,145 4.0 % 40,181 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 79,274 14.98 % 23,812 4.5 % 34,395 6.5 %

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Investment Securities Activity
Schedule of securities amortized cost and estimated fair value	Schedule of securities amortized cost and estimated fair value Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value March 31, 2022 U.S. Treasuries $ 10,493 $ 3 $ 488 $ 10,008 U.S. Government Agencies 8,669 16 286 8,399 Taxable municipals 22,815 11 2,508 20,318 Corporate bonds 3,523 8 133 3,398 Mortgage backed securities 69,242 8 4,553 64,697 Total Securities AFS $ 114,742 $ 46 $ 7,968 $ 106,820 December 31, 2021 U.S. Treasuries $ 7,791 $ 2 $ 122 $ 7,671 U.S. Government Agencies 9,098 77 86 9,089 Taxable municipals 23,075 159 254 22,980 Corporate bonds 2,014 23 18 2,019 Mortgage backed securities 66,410 143 954 65,599 Total Securities available for sale $ 108,388 $ 404 $ 1,434 $ 107,358
Schedule of fair value and gross unrealized losses on investment securities	Schedule of fair value and gross unrealized losses on investment securities 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, 2022 U. S. Treasuries $ 8,289 $ 488 $ — $ — $ 8,289 $ 488 U.S. Government Agencies 3,317 162 3,115 124 6,432 286 Taxable municipals 18,655 2,455 350 53 19,005 2,508 Corporate bonds 1,867 133 — — 1,867 133 Mortgage backed securities 53,460 3,767 7,640 786 61,100 4,553 Total Securities AFS $ 85,588 $ 7,005 $ 11,105 $ 963 $ 96,693 $ 7,968 December 31, 2021 U.S. Treasuries $ 6,200 $ 122 $ — $ — $ 6,200 $ 122 U.S. Government Agencies 977 10 3,434 76 4,411 86 Taxable municipals 13,040 237 387 17 13,427 254 Corporate bonds 1,482 18 — — 1,482 18 Mortgage backed securities 52,180 758 6,282 196 58,462 954 Total Securities AFS $ 73,879 $ 1,145 $ 10,103 $ 289 $ 83,982 $ 1,434
Schedule of amortized cost and fair value of investment securities contractual maturity	Schedule of amortized cost and fair value of investment securities contractual maturity Weighted (Dollars are in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ 301 $ 304 3.46 % Due after one year through five years 12,855 12,454 1.72 % Due after five years through ten years 13,449 12,711 1.70 % Due after ten years 88,137 81,351 1.70 % Total $ 114,742 $ 106,820 1.71 %

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of Loans receivable outstanding	Schedule of Loans receivable outstanding (Dollars are in thousands) March 31, 2022 December 31, 2021 Real estate secured: Commercial $ 207,339 $ 206,162 Construction and land development 38,846 32,325 Residential 1-4 family 224,478 224,530 Multifamily 34,409 33,048 Farmland 18,107 18,735 Total real estate loans 523,179 514,800 Commercial 47,620 54,325 Agriculture 3,916 4,021 Consumer installment loans 18,947 18,756 All other loans 1,470 1,842 Total loans $ 595,132 $ 593,744
Summary of loans receivable on nonaccrual status	Summary of loans receivable on nonaccrual status (Dollars are in thousands) March 31, 2022 December 31, 2021 Real estate secured: Commercial $ 289 $ 415 Construction and land development 36 37 Residential 1-4 family 2,217 2,314 Multifamily 50 111 Farmland 46 48 Total real estate loans 2,638 2,925 Commercial — 9 Consumer installment loans and other loans 2 7 Total loans receivable on nonaccrual status $ 2,640 $ 2,941
Schedule of summary of impaired loans	Schedule of summary of impaired loans As of March 31, 2022 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 97 $ 138 $ — Construction and land development 17 291 — Residential 1-4 family 1,484 1,786 — Multifamily — — — Farmland 301 470 — Commercial — — — Agriculture — — — Consumer installment loans 1 2 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 307 368 86 Construction and land development — — — Residential 1-4 family 302 331 49 Multifamily 50 111 50 Farmland 193 205 13 Commercial 26 34 1 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 2,778 $ 3,736 $ 199 As of December 31, 2021 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 99 $ 140 $ — Construction and land development 24 298 — Residential 1-4 family 1,508 1,791 — Multifamily — — — Farmland 320 490 — Commercial — — — Agriculture — — — Consumer installment loans 2 2 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 315 372 94 Construction and land development — — — Residential 1-4 family 340 372 53 Multifamily — — — Farmland 197 209 17 Commercial 28 35 2 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 2,833 $ 3,709 $ 166 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, 2022 March 31, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no allowance recorded: Real estate secured: Commercial $ 171 $ 1 $ 441 $ — Construction and land development 41 4 94 4 Residential 1-4 family 1,602 11 1,781 14 Multifamily — — — — Farmland 370 6 483 9 Commercial — — — — Agriculture — — — — Consumer installment loans 2 — 4 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 589 1 1,501 3 Construction and land development — — — — Residential 1-4 family 320 3 319 — Multifamily 25 — — — Farmland 157 2 104 — Commercial 68 — 230 1 Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,345 $ 28 $ 4,957 $ 31
Summary age analysis of past due loans receivable	Summary age analysis of past due loans receivable As of March 31, 2022 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial $ — $ — $ — $ — $ 207,339 $ 207,339 Construction and land development 6 — 37 43 38,803 38,846 Residential 1-4 family 2,028 124 377 2,529 221,949 224,478 Multifamily — — 50 50 34,359 34,409 Farmland 17 — — 17 18,090 18,107 Total real estate loans 2,051 124 464 2,639 520,540 523,179 Commercial — — — — 47,620 47,620 Agriculture 1 — — 1 3,915 3,916 Consumer installment loans 67 14 — 81 18,866 18,947 All other loans — — — — 1,470 1,470 Total loans $ 2,119 $ 138 $ 464 $ 2,721 $ 592,411 $ 595,132 As of December 31, 2021 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial — — — — 206,162 $ 206,162 Construction and land development 7 — 7 14 32,311 32,325 Residential 1-4 family 2,473 240 486 3,199 221,331 224,530 Multifamily — — 111 111 32,937 33,048 Farmland — — — — 18,735 18,735 Total real estate loans 2,480 240 604 3,324 511,476 514,800 Commercial 5 — — 5 54,320 54,325 Agriculture — — — — 4,021 4,021 Consumer installment Loans 56 5 — 61 18,695 18,756 All other loans — — — — 1,842 1,842 Total loans 2,541 245 604 3,390 590,354 $ 593,744
Summary of risk category of loans receivable	Summary of risk category of loans receivable As of March 31, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 199,674 $ 7,376 $ 289 $ — $ 207,339 Construction and land development 37,917 892 37 — 38,846 Residential 1-4 family 221,493 769 2,216 — 224,478 Multifamily 33,928 431 50 — 34,409 Farmland 17,128 933 46 — 18,107 Total real estate loans 510,140 10,401 2,638 — 523,179 Commercial 46,566 1,054 — — 47,620 Agriculture 3,916 — — — 3,916 Consumer installment loans 18,944 1 2 — 18,947 All other loans 1,470 — — — 1,470 Total $ 581,036 $ 11,456 $ 2,640 $ — $ 595,132 As of December 31, 2021 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 198,022 $ 7,725 $ 415 $ — $ 206,162 Construction and land development 31,366 922 37 — 32,325 Residential 1-4 family 221,342 915 2,273 — 224,530 Multifamily 32,499 438 111 — 33,048 Farmland 18,137 550 48 — 18,735 Total real estate loans 501,366 10,550 2,884 — 514,800 Commercial 53,162 1,154 9 — 54,325 Agriculture 4,021 — — — 4,021 Consumer installment loans 18,746 2 8 — 18,756 All other loans 1,842 — — — 1,842 Total $ 579,137 $ 11,706 $ 2,901 $ — $ 593,744

ALLOWANCE FOR LOAN LOSSES (Tabl

ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
Schedule of allocation of portion of allowance	Schedule of allocation of portion of allowance (Dollars are in thousand) Real estate secured Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs — — — (61 ) — (28 ) — (14 ) — (103 ) Recoveries — — 14 — — 11 — 2 — 27 Provision (2 ) 40 (53 ) 120 (6 ) (77 ) — 16 62 100 Ending balance $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Allowance for loan losses at March 31, 2022 Individually evaluated for impairment $ 86 $ — $ 49 $ 50 $ 13 $ 1 $ — $ — $ — $ 199 Collectively evaluated for impairment 2,046 229 2,149 263 130 1,004 28 112 599 6,560 Total $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Loans at March 31, 2022 Individually evaluated for impairment $ 404 $ 17 $ 1,786 $ 50 $ 494 $ 26 $ — $ 1 $ — $ 2,778 Collectively evaluated for impairment 206,935 38,829 222,692 34,359 17,613 47,594 3,916 20,416 — 592,354 Total $ 207,339 $ 38,846 $ 224,478 $ 34,409 $ 18,107 $ 47,620 $ 3,916 $ 20,417 $ — $ 595,132 (Dollars are in thousands) Real estate secured 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, 2021 Individually evaluated for impairment $ 94 $ — $ 53 $ — $ 17 $ 2 $ — $ — $ — $ 166 Collectively evaluated for impairment 2,040 189 2,184 254 132 1,097 28 108 537 6,569 Total $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Loans at December 31, 2021 Individually evaluated for impairment $ 414 $ 24 $ 1,848 $ — $ 517 $ 28 $ — $ 2 $ — $ 2,833 Collectively evaluated for impairment 205,748 32,301 222,682 33,048 18,218 54,297 4,021 20,596 — 590,911 Total $ 179,381 $ 25,031 $ 222,980 $ 16,569 $ 18,368 $ 86,010 $ 4,450 $ 22,777 $ — $ 593,744 (Dollars are in thousands) Real estate secured 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

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2022
Real Estate [Abstract]
Schedule of other real estate owned	Schedule of other real estate owned (Dollars are in thousands) March 31, 2022 December 31, 2021 Balance, beginning of period $ 1,361 $ 3,334 Additions — 566 Transfers from premises and equipment — 950 Proceeds from sales (138 ) (2,645 ) Proceeds from insurance claims — (54 ) Loans made to finance sales (308 ) (400 ) Adjustment of carrying value (137 ) (466 ) Net gains from sales 17 76 Balance, end of period $ 795 $ 1,361

FAIR VALUES (Tables)

FAIR VALUES (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of summary of assets and liabilities measured at fair value	Schedule of summary of assets and liabilities measured at fair value March 31, 2022 (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Treasuries $ — $ 10,008 $ — U.S. Government Agencies 8,399 Taxable municipals — 20,318 — Corporate bonds — 3,398 — Mortgage backed securities — 64,697 — (On a non-recurring basis) Other real estate owned — — 795 Impaired loans — — 2,579 Total $ — $ 106,820 $ 3,374 Assets and liabilities measured at fair value are as follows as of December 31, 2021 (for purpose of this table the impaired loans are shown net of the related allowance): December 31, 2021 (Dollars are in thousands) Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) (On a recurring basis) Available for sale investments U.S. Treasuries $ — $ 7,671 $ — U.S. Government Agencies 9,089 Taxable municipals — 22,980 — Corporate bonds — 2,019 — Mortgage backed securities — 65,599 — (On a non-recurring basis) Other real estate owned — — 1,361 Impaired loans 2,667 Total $ — $ 107,358 4,194
Schedule of significant unobservable inputs In level 3 assets	Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at March 31, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 2,579 $ 2,667 Appraised Value/ Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 795 $ 1,361 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 18
Schedule of estimated fair value of financial instruments	Schedule of estimated fair value of financial instruments Fair Value Measurements (Dollars are in thousands) Carrying Amount Fair Value Quoted market price in active markets (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3) March 31, 2022 Financial Instruments – Assets Net Loans $ 588,373 $ 582,253 $ — $ — $ 582,253 Financial Instruments – Liabilities Time Deposits 190,572 192,407 — 192,407 — Borrowed funds 16,496 15,970 — 15,970 — December 31, 2021 Financial Instruments – Assets Net Loans $ 587,009 $ 580,024 $ — $ — $ 580,024 Financial Instruments – Liabilities Time Deposits 196,285 198,353 — 198,353 — Borrowed funds 16,496 15,649 — 15,649 —

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of future minimum rental commitments under the non-cancellable operating leases	Schedule of future minimum rental commitments under the non-cancellable operating leases 2022 $ 330 2023 455 2024 455 2025 455 2026 455 Thereafter 2,698 Total lease payments 4,848 Less imputed interest 867 Total $ 3,981

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of revenue from contracts with customers	Schedule of revenue from contracts with customers For the three months ended March 31, (Dollars in thousands) 2022 2021 Service charges and fees $ 1,007 $ 832 Card processing and interchange income 916 864 Insurance and investment fees 241 226 Other noninterest income 205 207 Total Noninterest Income $ 2,369 $ 2,129

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2022
Noninterest Expenses
Schedule of noninterest expenses	Schedule of noninterest expenses For the three months ended March 31, (Dollars are in thousands) 2022 2021 Advertising $ 28 $ 35 ATM network expense 367 342 Legal, accounting and professional fees 231 267 Consulting fees 67 55 Loan related expenses 97 107 Printing and supplies 33 36 FDIC insurance premiums 49 70 Other real estate owned, net 130 97 Other 602 512 Total other operating expenses $ 1,604 $ 1,521

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share
Net income	$ 1,921	$ 1,585
Weighted average shares outstanding	23,922,086	23,922,086
Weighted average diluted shares outstanding	23,922,086	23,922,086
Basic and diluted income per share	$ 0.08	$ 0.07

CAPITAL (Details)

CAPITAL (Details) - Bank $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 86,861	$ 85,890
Total Capital to Risk Weighted Assets, Actual, Ratio	0.1590	0.1623
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 43,711	$ 42,332
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	$ 54,639	$ 52,915
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	$ 80,102	$ 79,274
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	0.1466	0.1498
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 32,784	$ 31,749
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	$ 43,711	$ 42,332
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	$ 80,102	$ 79,274
Tier 1 Capital to Average Assets, Actual, Ratio	0.0995	0.0986
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 32,203	$ 32,145
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	$ 40,254	$ 40,181
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	$ 80,102	$ 79,274
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	0.1466	0.1498
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 24,588	$ 23,812
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	$ 35,515	$ 34,395
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Ratio	0.065	0.065

CAPITAL (Details Narrative)

CAPITAL (Details Narrative)	Mar. 31, 2022
Capital
Capital conservation buffer	7.90%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 114,742	$ 108,388
Gross Unrealized Gains	46	404
Gross Unrealized Losses	7,968	1,434
Approximate Fair Value	106,820	107,358
US Treasury Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	10,493	7,791
Gross Unrealized Gains	3	2
Gross Unrealized Losses	488	122
Approximate Fair Value	10,008	7,671
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	8,669	9,098
Gross Unrealized Gains	16	77
Gross Unrealized Losses	286	86
Approximate Fair Value	8,399	9,089
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Amortized Cost	22,815	23,075
Gross Unrealized Gains	11	159
Gross Unrealized Losses	2,508	254
Approximate Fair Value	20,318	22,980
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	3,523	2,014
Gross Unrealized Gains	8	23
Gross Unrealized Losses	133	18
Approximate Fair Value	3,398	2,019
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	69,242	66,410
Gross Unrealized Gains	8	143
Gross Unrealized Losses	4,553	954
Approximate Fair Value	$ 64,697	$ 65,599

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 85,588	$ 73,879
Unrealized Losses, Less than 12 Months	7,005	1,145
Fair Value, 12 Months or More	11,105	10,103
Unrealized Losses, 12 Months or More	963	289
Fair Value, Total	96,693	83,982
Unrealized Losses, Total	7,968	1,434
US Treasury Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	8,289	6,200
Unrealized Losses, Less than 12 Months	488	122
Fair Value, 12 Months or More
Unrealized Losses, 12 Months or More
Fair Value, Total	8,289	6,200
Unrealized Losses, Total	488	122
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	3,317	977
Unrealized Losses, Less than 12 Months	162	10
Fair Value, 12 Months or More	3,115	3,434
Unrealized Losses, 12 Months or More	124	76
Fair Value, Total	6,432	4,411
Unrealized Losses, Total	286	86
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	18,655	13,040
Unrealized Losses, Less than 12 Months	2,455	237
Fair Value, 12 Months or More	350	387
Unrealized Losses, 12 Months or More	53	17
Fair Value, Total	19,005	13,427
Unrealized Losses, Total	2,508	254
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	1,867	1,482
Unrealized Losses, Less than 12 Months	133	18
Fair Value, 12 Months or More
Unrealized Losses, 12 Months or More
Fair Value, Total	1,867	1,482
Unrealized Losses, Total	133	18
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	53,460	52,180
Unrealized Losses, Less than 12 Months	3,767	758
Fair Value, 12 Months or More	7,640	6,282
Unrealized Losses, 12 Months or More	786	196
Fair Value, Total	61,100	58,462
Unrealized Losses, Total	$ 4,553	$ 954

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Investment Securities Activity
Due in one year or less, amortized Cost	$ 301
Due in one year or less, fair value	$ 304
Due in one year or less, weighted average yield	3.46%
Due after one year through five years, amortized cost	$ 12,855
Due after one year through five years, fair value	$ 12,454
Due after one year through five years, weighted average yield	1.72%
Due after five years through ten years, amortized cost	$ 13,449
Due after five years through ten years, fair value	$ 12,711
Due after five years through ten years, weighted average yield	1.70%
Due after ten years, amortized cost	$ 88,137
Due after ten years, fair value	$ 81,351
Due after ten years, weighted average yield	1.70%
Amortized cost, total	$ 114,742	$ 108,388
Approximate fair value	$ 106,820	$ 107,358
Weighted average yield, total	1.71%

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Investment Securities Activity
Investment securities of carrying value	$ 11,100	$ 12,100
US Government Agencies Securities, at Carrying Value	$ 2,100	$ 2,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 595,132	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	523,179	514,800
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases		54,325
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	207,339	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	38,846	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	38,846	25,031
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	224,478	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	34,409	16,569
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	34,409	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,107	18,368
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,107	18,735
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	47,620	54,325
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	3,916	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,947	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	1,470	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 595,132	$ 593,744

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 2,640	$ 2,941
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,638	2,925
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status		9
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	289	415
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	36	37
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,217	2,314
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	50	111
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	46	48
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 2	$ 7

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 2,778		$ 2,833
Unpaid Principal Balance	3,736		3,709
Related Allowance	199		166
Average Recorded Investment	3,345	$ 4,957
Interest Income Recognized	28	31
Impaired Financing Receivables With No Related Allowance [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired Financing Receivables With No Related Allowance [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired Financing Receivables With No Related Allowance [Member] | Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1		2
Unpaid Principal Balance	2		2
Related Allowance
Average Recorded Investment	2	4
Interest Income Recognized
Impaired Financing Receivables With No Related Allowance [Member] | All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired Financing Receivables With Related Allowance [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	26		28
Unpaid Principal Balance	34		35
Related Allowance	1		2
Average Recorded Investment	68	230
Interest Income Recognized		1
Impaired Financing Receivables With Related Allowance [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired Financing Receivables With Related Allowance [Member] | Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Impaired Financing Receivables With Related Allowance [Member] | All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	307		315
Unpaid Principal Balance	368		372
Related Allowance	86		94
Average Recorded Investment	589	1,501
Interest Income Recognized	1	3
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	97		99
Unpaid Principal Balance	138		140
Related Allowance
Average Recorded Investment	171	441
Interest Income Recognized	1
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	17		24
Unpaid Principal Balance	291		298
Related Allowance
Average Recorded Investment	41	94
Interest Income Recognized	4	4
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	302		340
Unpaid Principal Balance	331		372
Related Allowance	49		53
Average Recorded Investment	320	319
Interest Income Recognized	3
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	1,484		1,508
Unpaid Principal Balance	1,786		1,791
Related Allowance
Average Recorded Investment	1,602	1,781
Interest Income Recognized	11	14
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	50
Unpaid Principal Balance	111
Related Allowance	50
Average Recorded Investment	25
Interest Income Recognized
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment
Unpaid Principal Balance
Related Allowance
Average Recorded Investment
Interest Income Recognized
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	193		197
Unpaid Principal Balance	205		209
Related Allowance	13		17
Average Recorded Investment	157	104
Interest Income Recognized	2
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	301		320
Unpaid Principal Balance	470		490
Related Allowance
Average Recorded Investment	370	483
Interest Income Recognized	$ 6	$ 9

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 595,132	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,051	2,480
Loans 60-89 Days Past Due	124	240
Loans 90 or More Days Past Due	464	604
Total Past Due Loans	2,639	3,324
Current Loans	520,540	511,476
Total loans and leases	523,179	514,800
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due		5
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans		5
Current Loans		54,320
Total loans and leases		54,325
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans
Current Loans	207,339	206,162
Total loans and leases	207,339	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	6	7
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	37	7
Total Past Due Loans	43	14
Current Loans	38,803	32,311
Total loans and leases	38,846	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	38,846	25,031
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,028	2,473
Loans 60-89 Days Past Due	124	240
Loans 90 or More Days Past Due	377	486
Total Past Due Loans	2,529	3,199
Current Loans	221,949	221,331
Total loans and leases	224,478	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	34,409	16,569
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	50	111
Total Past Due Loans	50	111
Current Loans	34,359	32,937
Total loans and leases	34,409	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,107	18,368
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	17
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	17
Current Loans	18,090	18,735
Total loans and leases	18,107	18,735
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans
Current Loans	47,620
Total loans and leases	47,620	54,325
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	1
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	1
Current Loans	3,915	4,021
Total loans and leases	3,916	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	67	56
Loans 60-89 Days Past Due	14	5
Loans 90 or More Days Past Due
Total Past Due Loans	81	61
Current Loans	18,866	18,695
Total loans and leases	18,947	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans
Current Loans	1,470	1,842
Total loans and leases	1,470	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,119	2,541
Loans 60-89 Days Past Due	138	245
Loans 90 or More Days Past Due	464	604
Total Past Due Loans	2,721	3,390
Current Loans	592,411	590,354
Total loans and leases	$ 595,132	$ 593,744

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 595,132	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	523,179	514,800
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	581,036	579,137
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	11,456	11,706
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,640	2,901
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	510,140	501,366
Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	10,401	10,550
Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,638	2,884
Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	47,620	54,325
Commercial Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	46,566	53,162
Commercial Portfolio Segment [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,054	1,154
Commercial Portfolio Segment [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		9
Commercial Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	199,674	198,022
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	7,376	7,725
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	289	415
Commercial Portfolio Segment [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		54,325
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	207,339	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	38,846	32,325
Real Estate Investment [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,917	31,366
Real Estate Investment [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	892	922
Real Estate Investment [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37	37
Real Estate Investment [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	38,846	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	224,478	224,530
Residential Real Estate [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	221,493	221,342
Residential Real Estate [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	769	915
Residential Real Estate [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,216	2,273
Residential Real Estate [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	34,409	16,569
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	34,409	33,048
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	33,928	32,499
Multifamily [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	431	438
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	50	111
Multifamily [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,107	18,368
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,107	18,735
Farmland [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	17,128	18,137
Farmland [Member] | Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	933	550
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	46	48
Farmland [Member] | Real Estate [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,916	4,021
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,916	4,021
Agriculture [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Agriculture [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Agriculture [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,947	18,756
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,944	18,746
Consumer Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1	2
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2	8
Consumer Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,470	1,842
All Other Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	1,470	1,842
All Other Loans [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
All Other Loans [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
All Other Loans [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 595,132	$ 593,744
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,134		$ 2,281
Charge-offs
Recoveries			2
Provision	(2)		178
Ending balance	2,132		2,461
Individually evaluated for impairment	86	94
Collectively evaluated for impairment	2,046	2,040
Total	2,132	2,134
Individually evaluated for impairment	404	414
Collectively evaluated for impairment	206,935	205,748
Loans receivable	207,339	179,381
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	189		233
Charge-offs
Recoveries
Provision	40		(47)
Ending balance	229		186
Individually evaluated for impairment
Collectively evaluated for impairment	229	189
Total	229	189
Individually evaluated for impairment	17	24
Collectively evaluated for impairment	38,829	32,301
Loans receivable	38,846	25,031
Residential One Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,237		1,951
Charge-offs			(6)
Recoveries	14		8
Provision	(53)		330
Ending balance	2,198		2,283
Individually evaluated for impairment	49	53
Collectively evaluated for impairment	2,149	2,184
Total	2,198	2,237
Individually evaluated for impairment	1,786	1,848
Collectively evaluated for impairment	222,692	222,682
Loans receivable	224,478	222,980
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	254		151
Charge-offs	61
Recoveries
Provision	120		14
Ending balance	313		165
Individually evaluated for impairment	50
Collectively evaluated for impairment	263	254
Total	313	254
Individually evaluated for impairment	50
Collectively evaluated for impairment	34,359	33,048
Loans receivable	34,409	16,569
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	149		97
Charge-offs
Recoveries
Provision	(6)		59
Ending balance	143		156
Individually evaluated for impairment	13	17
Collectively evaluated for impairment	130	132
Total	143	149
Individually evaluated for impairment	494	517
Collectively evaluated for impairment	17,613	18,218
Loans receivable	18,107	18,368
Commercials [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,099
Charge-offs	28
Recoveries	11
Provision	(77)
Ending balance	1,005
Individually evaluated for impairment	1	2
Collectively evaluated for impairment	1,004	1,097
Total	1,005	1,099
Individually evaluated for impairment	26	28
Collectively evaluated for impairment	47,594	54,297
Loans receivable	47,620	86,010
Agricultures [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	28
Charge-offs
Recoveries
Provision
Ending balance	28
Individually evaluated for impairment
Collectively evaluated for impairment	28	28
Total	28	28
Individually evaluated for impairment
Collectively evaluated for impairment	3,916	4,021
Loans receivable	3,916	4,450
Consumer And All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	108		163
Charge-offs	14		(13)
Recoveries	2		17
Provision	16		(43)
Ending balance	112		124
Individually evaluated for impairment
Collectively evaluated for impairment	112	108
Total	112	108
Individually evaluated for impairment	1	2
Collectively evaluated for impairment	20,416	20,596
Loans receivable	20,417	22,777
Unallocated Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	537
Charge-offs
Recoveries
Provision	62
Ending balance	599
Individually evaluated for impairment
Collectively evaluated for impairment	599	537
Total	599	537
Individually evaluated for impairment
Collectively evaluated for impairment
Loans receivable
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	6,735		7,191
Charge-offs	103		(111)
Recoveries	27		27
Provision	100		186
Ending balance	6,759		7,293
Individually evaluated for impairment	199	166
Collectively evaluated for impairment	6,560	6,569
Total	6,759	6,735
Individually evaluated for impairment	2,778	2,833
Collectively evaluated for impairment	592,354	590,911
Loans receivable	595,132	593,744
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance			2,275
Charge-offs			(92)
Recoveries
Provision			(298)
Ending balance			1,885
Loans receivable	47,620	54,325
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance			40
Charge-offs
Recoveries
Provision			(7)
Ending balance			$ 33
Loans receivable	$ 3,916	$ 4,021

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Loans held for sale	$ 100
Commercial loans	2,800	6,400
Deferred loan fees	1,700	1,800
Deferred loan costs	$ 2,100	$ 2,000

TROUBLED DEBT RESTRUCTURINGS (D

TROUBLED DEBT RESTRUCTURINGS (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Troubled Debt Restructurings
Loans	$ 2,400	$ 2,500

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Balance, beginning of period	$ 1,361	$ 3,334
Additions		566
Transfers from premises and equipment		950
Proceeds from sales	(138)	(2,645)
Proceeds from insurance claims		(54)
Loans made to finance sales	(308)	(400)
Adjustment of carrying value	(137)	(466)
Net gains from sales	17	76
Balance, end of period	$ 795	$ 1,361

FAIR VALUES (Details)

FAIR VALUES (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Impaired loans
Total
Fair Value, Inputs, Level 1 [Member] | U S Treasuries [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments
Fair Value, Inputs, Level 1 [Member] | Taxable Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments
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
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
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Impaired loans
Total	106,820	107,358
Fair Value, Inputs, Level 2 [Member] | U S Treasuries [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	10,008	7,671
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	8,399	9,089
Fair Value, Inputs, Level 2 [Member] | Taxable Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	20,318	22,980
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	3,398	2,019
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	64,697	65,599
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	795	1,361
Impaired loans	2,579	2,667
Total	3,374	4,194
Fair Value, Inputs, Level 3 [Member] | U S Treasuries [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments
Fair Value, Inputs, Level 3 [Member] | Taxable Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments
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
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

FAIR VALUES (Details 1)

FAIR VALUES (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,579	$ 2,667
Valuation Technique	Appraised Value/ Market Value of Note
Impaired Loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	0.00%
Impaired Loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	18.00%
Other Real Estate Owned [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 795	$ 1,361
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	0.00%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	18.00%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	$ 588,373	$ 587,009
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans
Time deposits
FHLB advances
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans
Time deposits	192,407	198,353
FHLB advances	15,970	15,649
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	582,253	580,024
Time deposits
FHLB advances
Carrying Reported Amount Fairs Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	588,373	587,009
Time deposits	190,572	196,285
FHLB advances	16,496	16,496
Estimate Of Fair Value Fair Values Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	582,253	580,024
Time deposits	192,407	198,353
FHLB advances	$ 15,970	$ 15,649

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Mar. 31, 2022USD ($)
Leases [Abstract]
2021	$ 330
2022	455
2023	455
2024	455
2025	455
Thereafter	2,698
Total lease payments	4,848
Less imputed interest	867
Total	$ 3,981

LEASING ACTIVITIES (Details Nar

LEASING ACTIVITIES (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Weighted average remaining life	10 years 4 months 9 days
Weighted average discount rate	$ 0.0324
Operating lease expenses	$ 114	$ 138

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Service charges and fees	$ 1,007	$ 832
Card Processing and interchange income	916	864
Insurance and investment fees	241	226
Other noninterest income	205	207
Total Noninterest Income	$ 2,369	$ 2,129

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Noninterest Expenses
Advertising	$ 28	$ 35
ATM network expense	367	342
Legal, accounting and professional fees	231	267
Consulting fees	67	55
Loan related expenses	97	107
Printing and supplies	33	36
FDIC insurance premiums	49	70
Other real estate owned, net	130	97
Other	602	512
Total other operating expenses	$ 1,604	$ 1,521

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	1 Months Ended
	Apr. 28, 2022shares
Subsequent Event [Member]
Subsequent Event [Line Items]
Number of repurchase of shares	500,000