New Peoples Bankshares (NWPP) 10-Q/A 16 Aug 22 2022 Q2 Quarterly report (amended) Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Aug. 10, 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	Jun. 30, 2022
Document Fiscal Period Focus	Q2
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		23,899,856

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 17,886	$ 14,952
Interest-bearing deposits with banks	105,778	45,766
Federal funds sold	387	228
Total Cash and Cash Equivalents	124,051	60,946
Investment securities available-for-sale	100,616	107,358
Loans held for sale	62	0
Loans receivable	585,631	593,744
Allowance for loan losses	(6,816)	(6,735)
Net loans	578,815	587,009
Bank premises and equipment, net	20,211	20,735
Other real estate owned	321	1,361
Accrued interest receivable	2,239	2,112
Deferred taxes, net	3,708	1,673
Bank owned life insurance	4,697	4,685
Right-of-use assets – operating leases	3,899	4,062
Other assets	8,409	4,706
Total Assets	847,028	794,647
Deposits:
Noninterest bearing	259,991	251,257
Interest-bearing	447,073	456,256
Total Deposits	707,064	707,513
Borrowed funds	76,496	16,496
Lease liabilities – operating leases	3,899	4,062
Accrued interest payable	333	272
Accrued expenses and other liabilities	3,072	2,673
Total Liabilities	790,864	731,016
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,905,576 and 23,922,086 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	47,811	47,844
Additional paid-in-capital	14,565	14,570
Retained earnings	4,679	2,031
Accumulated other comprehensive loss	(10,891)	(814)
Total Shareholders’ Equity	56,164	63,631
Total Liabilities and Shareholders’ Equity	$ 847,028	$ 794,647

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 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	23,905,576	23,922,086
Common stock, outstanding	23,905,576	23,922,086

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 6,792	$ 6,960	$ 13,466	$ 13,881
Federal funds sold	1		1
Interest-earning deposits with banks	158	22	179	41
Investments	482	334	917	581
Dividends on equity securities (restricted)	27	32	54	64
Total Interest and Dividend Income	7,460	7,348	14,617	14,567
INTEREST EXPENSE
Deposits	404	575	834	1,258
Borrowed funds	212	122	318	245
Total Interest Expense	616	697	1,152	1,503
NET INTEREST INCOME	6,844	6,651	13,465	13,064
PROVISION FOR LOAN LOSSES	75	186	175	372
PROVISION FOR LOAN LOSSES	6,769	6,465	13,290	12,692
NONINTEREST INCOME
Service charges and fees	897	841	1,904	1,673
Card processing and interchange	1,027	1,072	1,943	1,936
Insurance and investment fees	242	275	483	501
Other noninterest income	182	190	387	397
Total Noninterest Income	2,348	2,378	4,717	4,507
NONINTEREST EXPENSES
Salaries and employee benefits	3,382	3,099	6,657	6,178
Occupancy and equipment expense	1,017	1,184	2,023	2,360
Data processing and telecommunications	601	653	1,155	1,226
Other operating expenses	1,658	1,788	3,262	3,309
Total Noninterest Expenses	6,658	6,724	13,097	13,073
INCOME BEFORE INCOME TAXES	2,459	2,119	4,910	4,126
INCOME TAX EXPENSE	536	456	1,066	878
NET INCOME	$ 1,923	$ 1,663	$ 3,844	$ 3,248
Earnings per share
Basic and diluted	$ 0.08	$ 0.07	$ 0.16	$ 0.14
Average Weighted Shares of Common Stock
Basic and diluted	$ 23,915,869	$ 23,922,086	$ 23,918,960	$ 23,922,086

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
NET INCOME	$ 1,923	$ 1,663	$ 3,844	$ 3,248
Investment securities activity
Unrealized losses arising during the period	(5,865)	(58)	(12,756)	(584)
Other comprehensive loss on investment securities	(5,865)	(58)	(12,756)	(584)
Related tax benefit	1,232	12	2,679	123
TOTAL OTHER COMPREHENSIVE LOSS	(4,633)	(46)	(10,077)	(461)
TOTAL COMPREHENSIVE (LOSS) INCOME	$ (2,710)	$ 1,617	$ (6,233)	$ 2,787

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
Net income			1,663		1,663
Other comprehensive loss, net of tax				(46)	(46)
Ending balance, value at Jun. 30, 2021	$ 47,844	14,570	(1,731)	281	60,964
Balance at ending, shares at Jun. 30, 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
Net income			1,923		1,923
Other comprehensive loss, net of tax				(4,633)	(4,633)
Repurchase of common stock	$ (33)	(5)			(38)
Repurchase of common stock, shares	(16)
Ending balance, value at Jun. 30, 2022	$ 47,811	$ 14,565	$ 4,679	$ (10,891)	$ 56,164
Balance at ending, shares at Jun. 30, 2022	23,906

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 3,844	$ 3,248
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	916	1,109
Provision for loan losses	175	372
Income on bank owned life insurance	(12)	(20)
Net gain on sale of securities available-for-sale
Gain on sale of mortgage loans	(20)	(80)
Loss on sale or disposal of premises and equipment		40
(Gain) loss on sale of other real estate owned	(25)	16
Loans originated for sale	(1,134)	(4,856)
Proceeds from sales of loans originated for sale	1,092	5,325
Adjustment of carrying value of other real estate owned	137	28
Adjustment of carrying value of repossessed assets
Net amortization/accretion of bond premiums/discounts	276	199
Deferred tax expense	644	876
Net change in:
Accrued interest receivable	(127)	133
Other assets	(1,426)	(1,835)
Accrued interest payable	61	(127)
Accrued expenses and other liabilities	409	511
Net Cash Provided by Operating Activities	4,810	4,939
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease (increase) in loans	8,730	(17,728)
Purchase of securities available-for-sale	(14,861)	(55,853)
Proceeds from repayments and maturities of securities available-for-sale	8,571	7,445
Net (purchase) redemption of equity securities (restricted)	(2,277)	585
Payments for the purchase of premises and equipment	(392)	(1,921)
Proceeds from sales of other real estate owned	207	1,485
Net Cash Used in Investing Activities	(22)	(65,987)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in short term borrowings	60,000	(5,000)
Net change in noninterest bearing deposits	8,734	31,542
Net change in interest bearing deposits	(9,183)	11,813
Dividends paid	(1,196)
Repurchase of common stock	(38)
Net Cash Provided by Financing Activities	58,317	38,355
Net increase (decrease) in cash and cash equivalents	63,105	(22,693)
Cash and Cash Equivalents, Beginning of the Period	60,946	92,350
Cash and Cash Equivalents, End of the Period	124,051	69,657
Supplemental Disclosure of Cash Paid During the Period for:
Interest	1,091	1,630
Taxes	325
Supplemental Disclosure of Non-cash Transactions:
Other real estate acquired in settlement of foreclosed loans		513
Loans made to finance sale of other real estate owned	711
Change in unrealized losses on securities available for sale	$ (12,756)	$ (584)

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021, and the results of operations for the three- and six-month periods ended June 30, 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 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	6 Months Ended
	Jun. 30, 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 and six-month periods ended June 30, 2022 and 2021, there were no potential common shares. Basic and diluted net income per common share calculations follows: 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 June 30, For the six months ended June 30, 2022 2021 2022 2021 Net income $ 1,923 $ 1,663 $ 3,844 $ 3,248 Weighted average shares outstanding 23,915,869 23,922,086 23,918,960 23,922,086 Weighted average dilutive shares outstanding 23,915,869 23,922,086 23,918,960 23,922,086 Basic and diluted Earnings per share $ 0.08 $ 0.07 $ 0.16 $ 0.14

CAPITAL

CAPITAL	6 Months Ended
	Jun. 30, 2022
CAPITAL	NOTE 4 CAPITAL Capital Requirements and Ratios Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. To qualify as a "Small Bank Holding Company" under federal regulations, a bank must have consolidated assets of $3 billion or less. The primary benefit of being deemed a "Small Bank Holding Company" is the exemption from the requirement to maintain consolidated regulatory capital ratios; instead, regulatory capital ratios only apply at the subsidiary bank level. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (BASEL III rules) became fully phased in on January 1, 2019. Under the BASEL III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer required is 2.50 Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At June 30, 2022, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution's category. The Bank’s actual capital amounts and ratios are presented in the following table as of June 30, 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 June 30, 2022: Total Capital to Risk Weighted Assets 88,990 16.21 % $ 43,908 8.0 % $ 54,885 10.0 % Tier 1 Capital to Risk Weighted Assets 82,174 14.97 % 32,931 6.0 % 43,908 8.0 % Tier 1 Capital to Average Assets 82,174 9.88 % 33,252 4.0 % 41,565 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 82,174 14.97 % 24,698 4.5 % 35,675 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

INVESTMENT SECURITIES	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 is 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 June 30, 2022 U.S. Treasuries $ 11,680 $ 3 $ 729 $ 10,954 U.S. Government Agencies 10,142 6 455 9,693 Taxable municipals 23,350 2 4,508 18,844 Corporate bonds 3,019 4 257 2,766 Mortgage backed securities 66,211 — 7,852 58,359 Total Securities available for sale $ 114,402 $ 15 $ 13,801 $ 100,616 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 June 30, 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 June 30, 2022 U. S. Treasuries $ 10,496 $ 729 $ — $ — $ 10,496 $ 729 U.S. Government Agencies 5,464 300 2,755 155 8,219 455 Taxable municipals 17,363 4,325 678 183 18,041 4,508 Corporate bonds 2,252 257 500 — 2,752 257 Mortgage backed securities 40,768 5,152 17,592 2,700 58,360 7,852 Total Securities available for sale $ 76,343 $ 10,763 $ 21,525 $ 3,038 $ 97,868 $ 13,801 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 available for sale $ 73,879 $ 1,145 $ 10,103 $ 289 $ 83,982 $ 1,434 At June 30, 2022, there were 215 securities in a loss position, of which 47 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 are not 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 $ 29.7 12.1 No AFS debt securities were sold during the three and six months ended June 30, 2022 and 2022. The amortized cost and fair value of investment securities at June 30, 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 $ 300 $ 302 3.46 % Due after one year through five years 16,021 15,339 2.04 % Due after five years through ten years 13,547 12,202 1.83 % Due after ten years 84,534 72,773 1.71 % Total $ 114,402 $ 100,616 1.77 % The Bank, as a member bank of the Federal Reserve Bank of Richmond (Federal Reserve Bank) and the Federal Home Loan Bank of Atlanta (FHLB), is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities, which are included in Other Assets on the consolidated balance sheet, are restricted from trading and are recorded at a cost of $ 4.3 2.0

LOANS

LOANS	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans held for sale at June 30, 2022 and December 31, 2021, totaled $ 62 0 Loans receivable outstanding as of June 30, 2022, and December 31, 2021, are summarized as follows: Schedule of Loans receivable outstanding (Dollars are in thousands) June 30, 2022 December 31, 2021 Real estate secured: Commercial $ 196,610 $ 206,162 Construction and land development 37,690 32,325 Residential 1-4 family 223,722 224,530 Multifamily 37,611 33,048 Farmland 18,055 18,735 Total real estate loans 513,688 514,800 Commercial 46,697 54,325 Agriculture 3,623 4,021 Consumer installment loans 19,561 18,756 All other loans 2,062 1,842 Total loans $ 585,631 $ 593,744 Included in commercial loans at June 30, 2022 and December 31, 2021 were $ 845 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 June 30, 2022, and December 31, 2021, are summarized as follows: Summary of loans receivable on nonaccrual status (Dollars are in thousands) June 30, 2022 December 31, 2021 Real estate secured: Commercial $ 281 $ 415 Construction and land development 778 37 Residential 1-4 family 2,478 2,314 Multifamily 50 111 Farmland 44 48 Total real estate loans 3,631 2,925 Commercial — 9 Consumer installment loans and other loans 3 7 Total loans receivable on nonaccrual status $ 3,634 $ 2,941 Total interest income not recognized on nonaccrual loans for the six months ended June 30, 2022, and June 30, 2021, was $11 thousand and $264 thousand, respectively. The following tables presents information concerning the Company’s investment in loans considered impaired as of June 30, 2022, and December 31, 2021: Schedule of summary of impaired loans As of June 30, 2022 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 95 $ 135 $ — Construction and land development 11 285 — Residential 1-4 family 1,444 1,761 — Multifamily — — — Farmland 281 451 — Commercial 25 33 — Agriculture — — — Consumer installment loans — 1 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 299 364 77 Construction and land development 744 744 207 Residential 1-4 family 299 328 47 Multifamily 50 111 50 Farmland — — — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 3,248 $ 4,213 $ 381 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: Six Months Ended June 30, 2022 June 30, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Real estate secured: Commercial $ 146 $ 3 $ 341 $ — Construction and land development 31 8 89 9 Residential 1-4 family 1,549 22 1,828 29 Multifamily — — — — Farmland 340 12 508 18 Commercial 8 — — — Agriculture — — — — Consumer installment loans 1 — 4 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 492 3 1,235 3 Construction and land development 248 17 — — Residential 1-4 family 313 6 288 — Multifamily 33 — — — Farmland 105 — 69 — Commercial 45 1 163 1 Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,311 $ 72 $ 4,525 $ 60 Three Months Ended June 30, 2022 June 30, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Real estate secured: Commercial $ 96 $ 3 $ 319 $ — Construction and land development 14 4 85 5 Residential 1-4 family 1,464 8 1,912 15 Multifamily — — — — Farmland 291 3 567 9 Commercial 13 1 — — Agriculture — — — — Consumer installment loans 1 — 3 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 303 — 1,070 — Construction and land development 372 17 — — Residential 1-4 family 301 6 264 — Multifamily 50 — — — Farmland 97 — — — Commercial 13 — 30 — Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,015 $ 42 $ 4,250 $ 29 An age analysis of past due loans receivable as of June 30, 2022, and December 31, 2021, is below. At June 30, 2022 and December 31, 2021, no loans over 90 days past due were accruing. Summary age analysis of past due loans receivable As of June 30, 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 $ 5,018 $ — $ — $ 5,018 $ 191,592 $ 196,610 Construction and land development 744 — 7 751 36,939 37,690 Residential 1-4 family 2,092 554 634 3,280 220,442 223,722 Multifamily 235 — 50 285 37,326 37,611 Farmland 282 — — 282 17,773 18,055 Total real estate loans 8,371 554 691 9,616 504,072 513,688 Commercial 270 — — 270 46,427 46,697 Agriculture — — — — 3,623 3,623 Consumer installment loans 65 15 1 81 19,480 19,561 All other loans 49 — — 49 2,013 2,062 Total loans $ 8,755 $ 569 $ 692 $ 10,016 $ 575,615 $ 585,631 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 June 30, 2022, and December 31, 2021, was as follows: Summary of risk category of loans receivable As of June 30, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 191,879 $ 4,450 $ 281 $ — $ 196,610 Construction and land development 36,777 135 778 — 37,690 Residential 1-4 family 220,714 530 2,478 — 223,722 Multifamily 37,349 212 50 — 37,611 Farmland 17,098 913 44 — 18,055 Total real estate loans 503,817 6,240 3,631 — 513,688 Commercial 45,755 942 — — 46,697 Agriculture 3,623 — — — 3,623 Consumer installment loans 19,558 — 3 — 19,561 All other loans 2,062 — — — 2,062 Total $ 574,815 $ 7,182 $ 3,634 $ — $ 585,631 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	6 Months Ended
	Jun. 30, 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 June 30, 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 table presents activity in the allowance for loan losses for the six- and three-month periods ended June 30, 2022 and 2021, respectively. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of June 30, 2022, and December 31, 2021, respectively. Schedule of allocation of portion of allowance Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs - - (24) (61) - (28) - (45) - (158) Recoveries - - 22 - - 14 - 28 - 64 Provision 28 261 4 215 (8) (232) 1 79 (173) 175 Ending balance $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Three months ended June 30, 2022 Beginning balance $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Charge-offs - - (24) - - - - (31) - (55) Recoveries - - 8 - - 3 - 26 - 37 Provision 30 221 57 95 (2) (155) 1 63 (235) 75 Ending balance $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Allowance for loan losses at June 30, 2022 Individually evluated for impairment $ 77 $ 207 $ 47 $ 50 $ - $ - $ - $ - $ - $ 381 Collectively evaluated for impairment 2,085 243 2,192 358 141 853 29 170 364 6,435 $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Loans at June 30, 2022 Individually evluated for impairment $ 394 $ 755 $ 1,743 $ 50 $ 281 $ 25 $ - $ - $ - $ 3,248 Collectively evaluated for impairment 196,216 36,935 221,979 37,561 17,774 46,672 3,623 21,623 - 582,383 $ 196,610 $ 37,690 $ 223,722 $ 37,611 $ 18,055 $ 46,697 $ 3,623 $ 21,623 $ - $ 585,631 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Allowance for loan losses at December 31, 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 $ 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 $ 206,162 $ 32,325 $ 224,530 $ 33,048 $ 18,735 $ 54,325 $ 4,021 $ 20,598 $ - $ 593,744 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ - $ 7,191 Charge-offs (915) - (10) - - (92) - (28) - (1,045) Recoveries 2 - 17 - - 131 1 27 - 178 Provision 783 (78) 88 9 40 (398) (13) (59) - 372 Ending balance $ 2,151 $ 155 $ 2,046 $ 160 $ 137 $ 1,916 $ 28 $ 103 $ - $ 6,696 Three months ended June 30, 2021 Beginning balance $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ - $ 7,293 Charge-offs (915) - (4) - - - - (15) - (934) Recoveries - - 9 - - 131 1 10 - 151 Provision 605 (31) (242) (5) (19) (100) (6) (16) - 186 Ending balance $ 2,151 $ 155 $ 2,046 $ 160 $ 137 $ 1,916 $ 28 $ 103 $ - $ 6,696 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	6 Months Ended
	Jun. 30, 2022
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS There were $ 2.2 2.5 Three loans totaling $84 thousand, secured by residential real estate, previously modified as troubled debt restructurings, defaulted during the three months ended June 30, 2022. One loan totaling $81 thousand, previously modified as a trouble debt restructuring, that defaulted during the first three months of 2022, was in compliance with the terms of the restructuring at June 30, 2022. During the three months ended June 30, 2021, two loans to the same borrower, previously modified as troubled debt restructurings, totaling $1.1 million defaulted, resulting in charge-offs totaling $835 thousand. No loans previously modified as troubled debt restructurings defaulted during the first three months of 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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2022, and the year ended December 31, 2021: Schedule of other real estate owned (Dollars are in thousands) June 30, 2022 December 31, 2021 Balance, beginning of period $ 1,361 $ 3,334 Additions — 566 Transfers from premises and equipment — 950 Proceeds from sales (207 ) (2,645 ) Proceeds from insurance claims — (54 ) Loans made to finance sales (711 ) (400 ) Adjustment of carrying value (137 ) (466 ) Net gains from sales 15 76 Balance, end of period $ 321 $ 1,361

FAIR VALUES

FAIR VALUES	6 Months Ended
	Jun. 30, 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 Financial Accounting Standards Board (the 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 $ 100.6 107.4 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 June 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 June 30, 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 $ — $ 10,954 $ — U.S. Government Agencies — 9,693 — Taxable municipals — 18,844 — Corporate bonds — 2,766 — Mortgage-backed securities — 58,359 — (On a non-recurring basis) Other real estate owned — — 321 Impaired loans — — 2,867 Total $ — $ 100,616 $ 3,188 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 $ 4,028 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of June 30, 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 June 30, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 2,867 $ 2,667 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 321 $ 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 Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. The following summary presents the methodologies and assumptions used to estimate the fair value of the Company’s financial instruments presented below. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis as of June 30, 2022, and December 31, 2021, are as follows: 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) June 30, 2022 Financial Instruments – Assets Net Loans $ 578,815 $ 566,308 $ — $ — $ 566,308 Financial Instruments – Liabilities Time Deposits 179,092 180,445 — 180,445 — Borrowed funds 76,496 75,523 — 75,523 — 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 — Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the estimates. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. The carrying values of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities, trust preferred securities and accrued interest approximates fair value and are excluded from the table above. In accordance with our adoption of Accounting Standards Update (ASU) 2016-01 in 2018, the methods utilized to measure the fair value of financial instruments at June 30, 2022 and December 31, 2021, represent an approximation of exit price; however, an actual exit price may differ.

LEASING ACTIVITIES

LEASING ACTIVITIES	6 Months Ended
	Jun. 30, 2022
Leasing Activities
LEASING ACTIVITIES	NOTE 11 LEASING ACTIVITIES As of June 30, 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 June 30, 2022 was 10.12 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 June 30, 2022 was 3.24 For the six months ended June 30, 2022 and 2021, operating lease expenses were $ 228 275 The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. At June 30, 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 $ 228 2023 455 2024 455 2025 455 2026 455 Thereafter 2,698 Total lease payments 4,746 Less imputed interest 847 Total $ 3,899

BORROWED FUNDS

BORROWED FUNDS	6 Months Ended
	Jun. 30, 2022
Borrowed Funds
BORROWED FUNDS	NOTE 12 BORROWED FUNDS Included in Borrowed Funds are two short-term FHLB Advances totaling $ 60 Of the outstanding advances at June 30, 2022, $20 million, at an interest rate of 2.05%, matures September 16, 2022; and $40 million, at a rate of 2.60%, matures December 19, 2022.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 13 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 and six months ended June 30, 2022 and 2021: Schedule of revenue from contracts with customers For the three months ended For the six months ended June 30, June 30, (Dollars in thousands) 2022 2021 2022 2021 Service charges and fees $ 897 $ 841 $ 1,904 $ 1,673 Card Processing and interchange income 1,027 1,072 1,943 1,936 Insurance and investment fees 242 275 483 501 Other noninterest income 182 190 387 397 Total Noninterest Income $ 2,348 $ 2,378 $ 4,717 $ 4,507

NONINTEREST EXPENSES

NONINTEREST EXPENSES	6 Months Ended
	Jun. 30, 2022
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 14 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 June 30, For the six months ended June 30, (Dollars are in thousands) 2022 2021 2022 2021 Advertising $ 64 $ 73 $ 92 $ 108 ATM network expense 380 403 747 745 Legal, accounting and professional fees 257 303 488 588 Consulting fees 62 93 129 148 Loan related expenses 103 143 200 250 Printing and supplies 39 24 72 60 FDIC insurance premiums 54 67 103 137 Other real estate owned expenses, net 15 41 145 138 Other operating expenses 684 641 1,286 1,135 Total other operating expenses $ 1,658 $ 1,788 $ 3,262 $ 3,309

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 15 SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. There were no subsequent events requiring recognition or disclosure.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	6 Months Ended
	Jun. 30, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 16 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 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. The new model has been constructed, initial assumptions have been input and historical loan and loss activity has been input and validated. The Company will run the new methodology parallel to the current allowance methodology for several periods before full implementation, beginning with the June 30, 2022 data. 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)	6 Months Ended
	Jun. 30, 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 June 30, For the six months ended June 30, 2022 2021 2022 2021 Net income $ 1,923 $ 1,663 $ 3,844 $ 3,248 Weighted average shares outstanding 23,915,869 23,922,086 23,918,960 23,922,086 Weighted average dilutive shares outstanding 23,915,869 23,922,086 23,918,960 23,922,086 Basic and diluted Earnings per share $ 0.08 $ 0.07 $ 0.16 $ 0.14

CAPITAL (Tables)

CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022: Total Capital to Risk Weighted Assets 88,990 16.21 % $ 43,908 8.0 % $ 54,885 10.0 % Tier 1 Capital to Risk Weighted Assets 82,174 14.97 % 32,931 6.0 % 43,908 8.0 % Tier 1 Capital to Average Assets 82,174 9.88 % 33,252 4.0 % 41,565 5.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 82,174 14.97 % 24,698 4.5 % 35,675 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)	6 Months Ended
	Jun. 30, 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 June 30, 2022 U.S. Treasuries $ 11,680 $ 3 $ 729 $ 10,954 U.S. Government Agencies 10,142 6 455 9,693 Taxable municipals 23,350 2 4,508 18,844 Corporate bonds 3,019 4 257 2,766 Mortgage backed securities 66,211 — 7,852 58,359 Total Securities available for sale $ 114,402 $ 15 $ 13,801 $ 100,616 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 June 30, 2022 U. S. Treasuries $ 10,496 $ 729 $ — $ — $ 10,496 $ 729 U.S. Government Agencies 5,464 300 2,755 155 8,219 455 Taxable municipals 17,363 4,325 678 183 18,041 4,508 Corporate bonds 2,252 257 500 — 2,752 257 Mortgage backed securities 40,768 5,152 17,592 2,700 58,360 7,852 Total Securities available for sale $ 76,343 $ 10,763 $ 21,525 $ 3,038 $ 97,868 $ 13,801 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 available for sale $ 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 $ 300 $ 302 3.46 % Due after one year through five years 16,021 15,339 2.04 % Due after five years through ten years 13,547 12,202 1.83 % Due after ten years 84,534 72,773 1.71 % Total $ 114,402 $ 100,616 1.77 %

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of Loans receivable outstanding	Schedule of Loans receivable outstanding (Dollars are in thousands) June 30, 2022 December 31, 2021 Real estate secured: Commercial $ 196,610 $ 206,162 Construction and land development 37,690 32,325 Residential 1-4 family 223,722 224,530 Multifamily 37,611 33,048 Farmland 18,055 18,735 Total real estate loans 513,688 514,800 Commercial 46,697 54,325 Agriculture 3,623 4,021 Consumer installment loans 19,561 18,756 All other loans 2,062 1,842 Total loans $ 585,631 $ 593,744
Summary of loans receivable on nonaccrual status	Summary of loans receivable on nonaccrual status (Dollars are in thousands) June 30, 2022 December 31, 2021 Real estate secured: Commercial $ 281 $ 415 Construction and land development 778 37 Residential 1-4 family 2,478 2,314 Multifamily 50 111 Farmland 44 48 Total real estate loans 3,631 2,925 Commercial — 9 Consumer installment loans and other loans 3 7 Total loans receivable on nonaccrual status $ 3,634 $ 2,941
Schedule of summary of impaired loans	Schedule of summary of impaired loans As of June 30, 2022 (Dollars are in thousands) Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 95 $ 135 $ — Construction and land development 11 285 — Residential 1-4 family 1,444 1,761 — Multifamily — — — Farmland 281 451 — Commercial 25 33 — Agriculture — — — Consumer installment loans — 1 — All other loans — — — With an allowance recorded: Real estate secured: Commercial 299 364 77 Construction and land development 744 744 207 Residential 1-4 family 299 328 47 Multifamily 50 111 50 Farmland — — — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ 3,248 $ 4,213 $ 381 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: Six Months Ended June 30, 2022 June 30, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Real estate secured: Commercial $ 146 $ 3 $ 341 $ — Construction and land development 31 8 89 9 Residential 1-4 family 1,549 22 1,828 29 Multifamily — — — — Farmland 340 12 508 18 Commercial 8 — — — Agriculture — — — — Consumer installment loans 1 — 4 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 492 3 1,235 3 Construction and land development 248 17 — — Residential 1-4 family 313 6 288 — Multifamily 33 — — — Farmland 105 — 69 — Commercial 45 1 163 1 Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,311 $ 72 $ 4,525 $ 60 Three Months Ended June 30, 2022 June 30, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Real estate secured: Commercial $ 96 $ 3 $ 319 $ — Construction and land development 14 4 85 5 Residential 1-4 family 1,464 8 1,912 15 Multifamily — — — — Farmland 291 3 567 9 Commercial 13 1 — — Agriculture — — — — Consumer installment loans 1 — 3 — All other loans — — — — With an allowance recorded: Real estate secured: Commercial 303 — 1,070 — Construction and land development 372 17 — — Residential 1-4 family 301 6 264 — Multifamily 50 — — — Farmland 97 — — — Commercial 13 — 30 — Agriculture — — — — Consumer installment loans — — — — All other loans — — — — Total $ 3,015 $ 42 $ 4,250 $ 29
Summary age analysis of past due loans receivable	Summary age analysis of past due loans receivable As of June 30, 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 $ 5,018 $ — $ — $ 5,018 $ 191,592 $ 196,610 Construction and land development 744 — 7 751 36,939 37,690 Residential 1-4 family 2,092 554 634 3,280 220,442 223,722 Multifamily 235 — 50 285 37,326 37,611 Farmland 282 — — 282 17,773 18,055 Total real estate loans 8,371 554 691 9,616 504,072 513,688 Commercial 270 — — 270 46,427 46,697 Agriculture — — — — 3,623 3,623 Consumer installment loans 65 15 1 81 19,480 19,561 All other loans 49 — — 49 2,013 2,062 Total loans $ 8,755 $ 569 $ 692 $ 10,016 $ 575,615 $ 585,631 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 June 30, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 191,879 $ 4,450 $ 281 $ — $ 196,610 Construction and land development 36,777 135 778 — 37,690 Residential 1-4 family 220,714 530 2,478 — 223,722 Multifamily 37,349 212 50 — 37,611 Farmland 17,098 913 44 — 18,055 Total real estate loans 503,817 6,240 3,631 — 513,688 Commercial 45,755 942 — — 46,697 Agriculture 3,623 — — — 3,623 Consumer installment loans 19,558 — 3 — 19,561 All other loans 2,062 — — — 2,062 Total $ 574,815 $ 7,182 $ 3,634 $ — $ 585,631 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)	6 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of allocation of portion of allowance	Schedule of allocation of portion of allowance Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs - - (24) (61) - (28) - (45) - (158) Recoveries - - 22 - - 14 - 28 - 64 Provision 28 261 4 215 (8) (232) 1 79 (173) 175 Ending balance $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Three months ended June 30, 2022 Beginning balance $ 2,132 $ 229 $ 2,198 $ 313 $ 143 $ 1,005 $ 28 $ 112 $ 599 $ 6,759 Charge-offs - - (24) - - - - (31) - (55) Recoveries - - 8 - - 3 - 26 - 37 Provision 30 221 57 95 (2) (155) 1 63 (235) 75 Ending balance $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Allowance for loan losses at June 30, 2022 Individually evluated for impairment $ 77 $ 207 $ 47 $ 50 $ - $ - $ - $ - $ - $ 381 Collectively evaluated for impairment 2,085 243 2,192 358 141 853 29 170 364 6,435 $ 2,162 $ 450 $ 2,239 $ 408 $ 141 $ 853 $ 29 $ 170 $ 364 $ 6,816 Loans at June 30, 2022 Individually evluated for impairment $ 394 $ 755 $ 1,743 $ 50 $ 281 $ 25 $ - $ - $ - $ 3,248 Collectively evaluated for impairment 196,216 36,935 221,979 37,561 17,774 46,672 3,623 21,623 - 582,383 $ 196,610 $ 37,690 $ 223,722 $ 37,611 $ 18,055 $ 46,697 $ 3,623 $ 21,623 $ - $ 585,631 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Allowance for loan losses at December 31, 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 $ 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 $ 206,162 $ 32,325 $ 224,530 $ 33,048 $ 18,735 $ 54,325 $ 4,021 $ 20,598 $ - $ 593,744 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ - $ 7,191 Charge-offs (915) - (10) - - (92) - (28) - (1,045) Recoveries 2 - 17 - - 131 1 27 - 178 Provision 783 (78) 88 9 40 (398) (13) (59) - 372 Ending balance $ 2,151 $ 155 $ 2,046 $ 160 $ 137 $ 1,916 $ 28 $ 103 $ - $ 6,696 Three months ended June 30, 2021 Beginning balance $ 2,461 $ 186 $ 2,283 $ 165 $ 156 $ 1,885 $ 33 $ 124 $ - $ 7,293 Charge-offs (915) - (4) - - - - (15) - (934) Recoveries - - 9 - - 131 1 10 - 151 Provision 605 (31) (242) (5) (19) (100) (6) (16) - 186 Ending balance $ 2,151 $ 155 $ 2,046 $ 160 $ 137 $ 1,916 $ 28 $ 103 $ - $ 6,696

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	6 Months Ended
	Jun. 30, 2022
Real Estate [Abstract]
Schedule of other real estate owned	Schedule of other real estate owned (Dollars are in thousands) June 30, 2022 December 31, 2021 Balance, beginning of period $ 1,361 $ 3,334 Additions — 566 Transfers from premises and equipment — 950 Proceeds from sales (207 ) (2,645 ) Proceeds from insurance claims — (54 ) Loans made to finance sales (711 ) (400 ) Adjustment of carrying value (137 ) (466 ) Net gains from sales 15 76 Balance, end of period $ 321 $ 1,361

FAIR VALUES (Tables)

FAIR VALUES (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 $ — $ 10,954 $ — U.S. Government Agencies — 9,693 — Taxable municipals — 18,844 — Corporate bonds — 2,766 — Mortgage-backed securities — 58,359 — (On a non-recurring basis) Other real estate owned — — 321 Impaired loans — — 2,867 Total $ — $ 100,616 $ 3,188 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 $ 4,028
Schedule of significant unobservable inputs In level 3 assets	Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at June 30, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 2,867 $ 2,667 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 321 $ 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) June 30, 2022 Financial Instruments – Assets Net Loans $ 578,815 $ 566,308 $ — $ — $ 566,308 Financial Instruments – Liabilities Time Deposits 179,092 180,445 — 180,445 — Borrowed funds 76,496 75,523 — 75,523 — 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)	6 Months Ended
	Jun. 30, 2022
Leasing Activities
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 $ 228 2023 455 2024 455 2025 455 2026 455 Thereafter 2,698 Total lease payments 4,746 Less imputed interest 847 Total $ 3,899

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 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 For the six months ended June 30, June 30, (Dollars in thousands) 2022 2021 2022 2021 Service charges and fees $ 897 $ 841 $ 1,904 $ 1,673 Card Processing and interchange income 1,027 1,072 1,943 1,936 Insurance and investment fees 242 275 483 501 Other noninterest income 182 190 387 397 Total Noninterest Income $ 2,348 $ 2,378 $ 4,717 $ 4,507

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2022
Noninterest Expenses
Schedule of noninterest expenses	Schedule of noninterest expenses For the three months ended June 30, For the six months ended June 30, (Dollars are in thousands) 2022 2021 2022 2021 Advertising $ 64 $ 73 $ 92 $ 108 ATM network expense 380 403 747 745 Legal, accounting and professional fees 257 303 488 588 Consulting fees 62 93 129 148 Loan related expenses 103 143 200 250 Printing and supplies 39 24 72 60 FDIC insurance premiums 54 67 103 137 Other real estate owned expenses, net 15 41 145 138 Other operating expenses 684 641 1,286 1,135 Total other operating expenses $ 1,658 $ 1,788 $ 3,262 $ 3,309

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings per share
Net income	$ 1,923	$ 1,663	$ 3,844	$ 3,248
Weighted average shares outstanding	23,915,869	23,922,086	23,918,960	23,922,086
Weighted average dilutive shares outstanding	23,915,869	23,922,086	23,918,960	23,922,086
Basic and diluted Earnings per share	$ 0.08	$ 0.07	$ 0.16	$ 0.14

CAPITAL (Details)

CAPITAL (Details) - Bank $ in Thousands	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 88,990	$ 85,890
Total Capital to Risk Weighted Assets, Actual, Ratio	0.1621	0.1623
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 43,908	$ 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	$ 54,885	$ 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	$ 82,174	$ 79,274
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	0.1497	0.1498
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 32,931	$ 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	$ 43,908	$ 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	$ 82,174	$ 79,274
Tier 1 Capital to Average Assets, Actual, Ratio	0.0988	0.0986
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 33,252	$ 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	$ 41,565	$ 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	$ 82,174	$ 79,274
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	0.1497	0.1498
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 24,698	$ 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	$ 35,675	$ 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)	Jun. 30, 2022
Capital conservation buffer	2.50%

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 114,402	$ 108,388
Gross Unrealized Gains	15	404
Gross Unrealized Losses	13,801	1,434
Approximate Fair Value	100,616	107,358
US Treasury Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	11,680	7,791
Gross Unrealized Gains	3	2
Gross Unrealized Losses	729	122
Approximate Fair Value	10,954	7,671
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	10,142	9,098
Gross Unrealized Gains	6	77
Gross Unrealized Losses	455	86
Approximate Fair Value	9,693	9,089
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Amortized Cost	23,350	23,075
Gross Unrealized Gains	2	159
Gross Unrealized Losses	4,508	254
Approximate Fair Value	18,844	22,980
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	3,019	2,014
Gross Unrealized Gains	4	23
Gross Unrealized Losses	257	18
Approximate Fair Value	2,766	2,019
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	66,211	66,410
Gross Unrealized Gains		143
Gross Unrealized Losses	7,852	954
Approximate Fair Value	$ 58,359	$ 65,599

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 76,343	$ 73,879
Unrealized Losses, Less than 12 Months	10,763	1,145
Fair Value, 12 Months or More	21,525	10,103
Unrealized Losses, 12 Months or More	3,038	289
Fair Value, Total	97,868	83,982
Unrealized Losses, Total	13,801	1,434
US Treasury Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	10,496	6,200
Unrealized Losses, Less than 12 Months	729	122
Fair Value, 12 Months or More
Unrealized Losses, 12 Months or More
Fair Value, Total	10,496	6,200
Unrealized Losses, Total	729	122
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	5,464	977
Unrealized Losses, Less than 12 Months	300	10
Fair Value, 12 Months or More	2,755	3,434
Unrealized Losses, 12 Months or More	155	76
Fair Value, Total	8,219	4,411
Unrealized Losses, Total	455	86
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	17,363	13,040
Unrealized Losses, Less than 12 Months	4,325	237
Fair Value, 12 Months or More	678	387
Unrealized Losses, 12 Months or More	183	17
Fair Value, Total	18,041	13,427
Unrealized Losses, Total	4,508	254
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	2,252	1,482
Unrealized Losses, Less than 12 Months	257	18
Fair Value, 12 Months or More	500
Unrealized Losses, 12 Months or More
Fair Value, Total	2,752	1,482
Unrealized Losses, Total	257	18
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	40,768	52,180
Unrealized Losses, Less than 12 Months	5,152	758
Fair Value, 12 Months or More	17,592	6,282
Unrealized Losses, 12 Months or More	2,700	196
Fair Value, Total	58,360	58,462
Unrealized Losses, Total	$ 7,852	$ 954

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Investment securities activity
Due in one year or less, amortized Cost	$ 300
Due in one year or less, fair value	$ 302
Due in one year or less, weighted average yield	3.46%
Due after one year through five years, amortized cost	$ 16,021
Due after one year through five years, fair value	$ 15,339
Due after one year through five years, weighted average yield	2.04%
Due after five years through ten years, amortized cost	$ 13,547
Due after five years through ten years, fair value	$ 12,202
Due after five years through ten years, weighted average yield	1.83%
Due after ten years, amortized cost	$ 84,534
Due after ten years, fair value	$ 72,773
Due after ten years, weighted average yield	1.71%
Amortized cost, total	$ 114,402	$ 108,388
Approximate fair value	$ 100,616	$ 107,358
Weighted average yield, total	1.77%

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Investment securities activity
Investment securities of carrying value	$ 29,700	$ 12,100
US Government Agencies Securities, at Carrying Value	$ 4,300	$ 2,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 585,631	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	513,688	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	196,610	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,690	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,690	32,325
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	223,722	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,611	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,611	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,055	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,055	18,735
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	46,697	54,325
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	3,623	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	19,561	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	2,062	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 585,631	$ 593,744

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 3,634	$ 2,941
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	3,631	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	281	415
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	778	37
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,478	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	44	48
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 3	$ 7

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	$ 3,248		$ 3,248		$ 2,833
Unpaid Principal Balance	4,213		4,213		3,709
Related Allowance	381		381		166
Average Recorded Investment	3,015	$ 4,250	3,311	$ 4,525
Interest Income Recognized	42	29	72	60
Impaired Financing Receivables With No Related Allowance [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	25		25
Unpaid Principal Balance	33		33
Related Allowance
Average Recorded Investment	13		8
Interest Income Recognized	1
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		15
Impaired Financing Receivables With No Related Allowance [Member] | Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment					2
Unpaid Principal Balance	1		1		2
Related Allowance
Average Recorded Investment	1	3	1	4
Interest Income Recognized		5
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					28
Unpaid Principal Balance					35
Related Allowance					2
Average Recorded Investment	13	30	45	163
Interest Income Recognized			1	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	299		299		315
Unpaid Principal Balance	364		364		372
Related Allowance	77		77		94
Average Recorded Investment	303	1,070	492	1,235
Interest Income Recognized			3	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	95		95		99
Unpaid Principal Balance	135		135		140
Related Allowance
Average Recorded Investment	96	319	146	341
Interest Income Recognized	3		3
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	744		744
Unpaid Principal Balance	744		744
Related Allowance	207		207
Average Recorded Investment	372		248
Interest Income Recognized	17		17
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	11		11		24
Unpaid Principal Balance	285		285		298
Related Allowance
Average Recorded Investment	14	85	31	89
Interest Income Recognized	4		8	9
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	299		299		340
Unpaid Principal Balance	328		328		372
Related Allowance	47		47		53
Average Recorded Investment	301	264	313	288
Interest Income Recognized	6		6
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	1,444		1,444		1,508
Unpaid Principal Balance	1,761		1,761		1,791
Related Allowance
Average Recorded Investment	1,464	1,912	1,549	1,828
Interest Income Recognized	8		22	29
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	50		50
Unpaid Principal Balance	111		111
Related Allowance	50		50
Average Recorded Investment	50		33
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					197
Unpaid Principal Balance					209
Related Allowance					17
Average Recorded Investment	97		105	69
Interest Income Recognized
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded Investment	281		281		320
Unpaid Principal Balance	451		451		490
Related Allowance
Average Recorded Investment	291	567	340	508
Interest Income Recognized	$ 3	$ 9	$ 12	$ 18

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 585,631	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	8,371	2,480
Loans 60-89 Days Past Due	554	240
Loans 90 or More Days Past Due	691	604
Total Past Due Loans	9,616	3,324
Current Loans	504,072	511,476
Total loans and leases	513,688	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	5,018
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	5,018
Current Loans	191,592	206,162
Total loans and leases	196,610	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	744	7
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	7	7
Total Past Due Loans	751	14
Current Loans	36,939	32,311
Total loans and leases	37,690	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,690	32,325
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,092	2,473
Loans 60-89 Days Past Due	554	240
Loans 90 or More Days Past Due	634	486
Total Past Due Loans	3,280	3,199
Current Loans	220,442	221,331
Total loans and leases	223,722	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	37,611	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	235
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	50	111
Total Past Due Loans	285	111
Current Loans	37,326	32,937
Total loans and leases	37,611	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	18,055	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	282
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	282
Current Loans	17,773	18,735
Total loans and leases	18,055	18,735
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	270
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	270
Current Loans	46,427
Total loans and leases	46,697	54,325
Agriculture [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	3,623	4,021
Total loans and leases	3,623	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	65	56
Loans 60-89 Days Past Due	15	5
Loans 90 or More Days Past Due	1
Total Past Due Loans	81	61
Current Loans	19,480	18,695
Total loans and leases	19,561	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	49
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	49
Current Loans	2,013	1,842
Total loans and leases	2,062	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	8,755	2,541
Loans 60-89 Days Past Due	569	245
Loans 90 or More Days Past Due	692	604
Total Past Due Loans	10,016	3,390
Current Loans	575,615	590,354
Total loans and leases	$ 585,631	$ 593,744

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 585,631	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	513,688	514,800
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	574,815	579,137
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	7,182	11,706
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,634	2,901
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	513,688
Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	503,817	501,366
Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	6,240	10,550
Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,631	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	46,697	54,325
Commercial Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	45,755	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	942	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]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	196,610
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	191,879	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	4,450	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	281	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
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,690	32,325
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,690
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	36,777	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	135	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	778	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	37,690	32,325
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	223,722	224,530
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	223,722
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	220,714	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	530	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	2,478	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	37,611	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,611	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,611
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	37,349	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	212	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	18,055	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,055	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	18,055
Farmland [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	17,098	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	913	550
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	44	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	3,623	4,021
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,623	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	19,561	18,756
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	19,558	18,746
Consumer Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		2
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3	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	2,062	1,842
All Other Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,062	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
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	196,610	206,162
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 585,631	$ 593,744

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 585,631		$ 585,631		$ 593,744
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,132	$ 2,461	2,134	$ 2,281
Charge-offs		(915)		(915)
Recoveries				2
Provision	30	605	28	783
Ending balance	2,162	2,151	2,162	2,151
Individually evaluated for impairment	77		77		94
Collectively evaluated for impairment	2,085		2,085		2,040
Total	2,162		2,162		2,134
Individually evaluated for impairment	394		394		414
Collectively evaluated for impairment	196,216		196,216		205,748
Loans receivable	196,610		196,610		206,162
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	229	186	189	233
Charge-offs
Recoveries
Provision	221	(31)	261	(78)
Ending balance	450	155	450	155
Individually evaluated for impairment	207		207
Collectively evaluated for impairment	243		243		189
Total	450		450		189
Individually evaluated for impairment	755		755		24
Collectively evaluated for impairment	36,935		36,935		32,301
Loans receivable	37,690		37,690		32,325
Residential One Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,198	2,283	2,237	1,951
Charge-offs	(24)	(4)	(24)	(10)
Recoveries	8	9	22	17
Provision	57	(242)	4	88
Ending balance	2,239	2,046	2,239	2,046
Individually evaluated for impairment	47		47		53
Collectively evaluated for impairment	2,192		2,192		2,184
Total	2,239		2,239		2,237
Individually evaluated for impairment	1,743		1,743		1,848
Collectively evaluated for impairment	221,979		221,979		222,682
Loans receivable	223,722		223,722		224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	313	165	254	151
Charge-offs			(61)
Recoveries
Provision	95	(5)	215	9
Ending balance	408	160	408	160
Individually evaluated for impairment	50		50
Collectively evaluated for impairment	358		358		254
Total	408		408		254
Individually evaluated for impairment	50		50
Collectively evaluated for impairment	37,561		37,561		33,048
Loans receivable	37,611		37,611		33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	143	156	149	97
Charge-offs
Recoveries
Provision	(2)	(19)	(8)	40
Ending balance	141	137	141	137
Individually evaluated for impairment					17
Collectively evaluated for impairment	141		141		132
Total	141		141		149
Individually evaluated for impairment	281		281		517
Collectively evaluated for impairment	17,774		17,774		18,218
Loans receivable	18,055		18,055		18,735
Commercials [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,005	1,885	1,099	2,275
Charge-offs			(28)	(92)
Recoveries	3	131	14	131
Provision	(155)	(100)	(232)	(398)
Ending balance	853	1,916	853	1,916
Individually evaluated for impairment					2
Collectively evaluated for impairment	853		853		1,097
Total	853		853		1,099
Individually evaluated for impairment	25		25		28
Collectively evaluated for impairment	46,672		46,672		54,297
Loans receivable	46,697		46,697		54,325
Agricultures [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	28	33	28	40
Charge-offs
Recoveries		1		1
Provision	1	(6)	1	(13)
Ending balance	29	28	29	28
Individually evaluated for impairment
Collectively evaluated for impairment	29		29		28
Total	29		29		28
Individually evaluated for impairment
Collectively evaluated for impairment	3,623		3,623		4,021
Loans receivable	3,623		3,623		4,021
Consumer And All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	112	124	108	163
Charge-offs	(31)	(15)	(45)	(28)
Recoveries	26	10	28	27
Provision	63	(16)	79	(59)
Ending balance	170	103	170	103
Individually evaluated for impairment
Collectively evaluated for impairment	170		170		108
Total	170		170		108
Individually evaluated for impairment					2
Collectively evaluated for impairment	21,623		21,623		20,596
Loans receivable	21,623		21,623		20,598
Unallocated Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	599		537
Charge-offs
Recoveries
Provision	(235)		(173)
Ending balance	364		364
Individually evaluated for impairment
Collectively evaluated for impairment	364		364		537
Total	364		364		537
Individually evaluated for impairment
Collectively evaluated for impairment
Loans receivable
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	6,759	7,293	6,735	7,191
Charge-offs	(55)	(934)	(158)	(1,045)
Recoveries	37	151	64	178
Provision	75	186	175	372
Ending balance	6,816	$ 6,696	6,816	$ 6,696
Individually evaluated for impairment	381		381		166
Collectively evaluated for impairment	6,435		6,435		6,569
Total	6,816		6,816		6,735
Individually evaluated for impairment	3,248		3,248		2,833
Collectively evaluated for impairment	582,383		582,383		590,911
Loans receivable	$ 585,631		$ 585,631		$ 593,744

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Receivables [Abstract]
Loans held for sale	$ 62	$ 0
Commercial loans	845	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	Jun. 30, 2022	Dec. 31, 2021
Troubled Debt Restructurings
Loans	$ 2,200	$ 2,500

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	(207)	(2,645)
Proceeds from insurance claims		(54)
Loans made to finance sales	(711)	(400)
Adjustment of carrying value	(137)	(466)
Net gains from sales	15	76
Balance, end of period	$ 321	$ 1,361

FAIR VALUES (Details)

FAIR VALUES (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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] | US Government Agencies Debt 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] | 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	100,616	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	10,954	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	9,693	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	18,844	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	2,766	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	58,359	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	321	1,361
Impaired loans	2,867	2,667
Total	3,188	4,028
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] | US Government Agencies Debt 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] | 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	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,867	$ 2,667
Valuation Technique	Appraised Value
Impaired Loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	0%
Impaired Loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	18%
Other Real Estate Owned [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 321	$ 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%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage	18%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	$ 578,815	$ 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	180,445	198,353
FHLB advances	75,523	15,649
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	566,308	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	578,815	587,009
Time deposits	179,092	196,285
FHLB advances	76,496	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	566,308	580,024
Time deposits	180,445	198,353
FHLB advances	$ 75,523	$ 15,649

FAIR VALUES (Details Narrative)

FAIR VALUES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Available for sale securities	$ 100,600	$ 107,400

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Leasing Activities
2022	$ 228
2023	455
2024	455
2025	455
2026	455
Thereafter	2,698
Total lease payments	4,746
Less imputed interest	847
Total	$ 3,899

LEASING ACTIVITIES (Details Nar

LEASING ACTIVITIES (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leasing Activities
Weighted average remaining life	10 years 1 month 13 days
Weighted average discount rate	$ 0.0324
Operating lease expenses	$ 228	$ 275

BORROWED FUNDS (Details Narrati

BORROWED FUNDS (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Borrowed Funds
Short-term borrowings	$ 60,000
Short term borrowings, Description	Of the outstanding advances at June 30, 2022, $20 million, at an interest rate of 2.05%, matures September 16, 2022; and $40 million, at a rate of 2.60%, matures December 19, 2022.

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Service charges and fees	$ 897	$ 841	$ 1,904	$ 1,673
Card Processing and interchange income	1,027	1,072	1,943	1,936
Insurance and investment fees	242	275	483	501
Other noninterest income	182	190	387	397
Total Noninterest Income	$ 2,348	$ 2,378	$ 4,717	$ 4,507

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Noninterest Expenses
Advertising	$ 64	$ 73	$ 92	$ 108
ATM network expense	380	403	747	745
Legal, accounting and professional fees	257	303	488	588
Consulting fees	62	93	129	148
Loan related expenses	103	143	200	250
Printing and supplies	39	24	72	60
FDIC insurance premiums	54	67	103	137
Other real estate owned expenses, net	15	41	145	138
Other operating expenses	684	641	1,286	1,135
Total other operating expenses	$ 1,658	$ 1,788	$ 3,262	$ 3,309