New Peoples Bankshares (NWPP) 10-K 31 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Mar. 24, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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 Public Float			$ 23,568,051
Entity Common Stock, Shares Outstanding		23,831,046
Auditor Name	Elliott Davis, LLC
Auditor Firm ID	149
Auditor Location	Greenville, South Carolina

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 13,979	$ 14,952
Interest-bearing deposits with banks	46,747	45,766
Federal funds sold	960	228
Total cash and cash equivalents	61,686	60,946
Investment securities available-for-sale	96,076	107,358
Loans receivable	584,613	593,744
Allowance for loan losses	(6,727)	(6,735)
Net loans	577,886	587,009
Bank premises and equipment, net	19,290	20,735
Other real estate owned	261	1,361
Accrued interest receivable	2,555	2,112
Deferred taxes, net	4,623	1,673
Bank owned life insurance	4,549	4,685
Right-of-use assets – operating leases	3,725	4,062
Other assets	4,707	4,706
Total assets	775,358	794,647
Deposits
Noninterest bearing	249,924	251,257
Interest-bearing	442,783	456,256
Total deposits	692,707	707,513
Borrowed funds	16,496	16,496
Lease liabilities – operating leases	3,725	4,062
Accrued interest payable	526	272
Accrued expenses and other liabilities	4,685	2,673
Total liabilities	718,139	731,016
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized;	47,697	47,844
Additional paid-in capital	14,546	14,570
Retained earnings	8,917	2,031
Accumulated other comprehensive loss	(13,941)	(814)
Total shareholders’ equity	57,219	63,631
Total liabilities and shareholders’ equity	$ 775,358	$ 794,647

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	23,848,491	23,922,086
Common stock, outstanding	23,848,491	23,922,086

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 27,739	$ 28,323
Federal funds sold	8
Interest-earning deposits with banks	1,514	95
Investments	1,983	1,377
Dividends on equity securities (restricted)	146	117
Total interest and dividend income	31,390	29,912
INTEREST EXPENSE
Deposits	1,875	2,248
Borrowed funds	1,230	453
Total interest expense	3,105	2,701
NET INTEREST INCOME	28,285	27,211
PROVISION FOR LOAN LOSSES	625	372
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	27,660	26,839
NONINTEREST INCOME
Service charges and fees	3,969	3,724
Card processing and interchange income	3,769	3,871
Insurance and investment fees	954	1,029
Net gain on sales of available-for-sale securities		322
Other noninterest income	548	1,034
Total noninterest income	9,240	9,980
NONINTEREST EXPENSES
Salaries and employee benefits	13,365	12,662
Occupancy and equipment expenses	4,135	5,785
Data processing and telecommunications	2,369	2,444
Other operating expenses	6,650	6,976
Total noninterest expenses	26,519	27,867
INCOME BEFORE INCOME TAXES	10,381	8,952
INCOME TAX EXPENSE	2,299	1,942
NET INCOME	$ 8,082	$ 7,010
Income Per Share
Basic and Diluted	$ 0.34	$ 0.29
Average Weighted Shares of Common Stock
Basic and Diluted	23,898,185	23,922,086

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
NET INCOME	$ 8,082	$ 7,010
Investment securities activity:
Unrealized losses arising during the year	(16,617)	(1,647)
Reclassification adjustment for net gains included in net income		(322)
Other comprehensive losses on investment securities	(16,617)	(1,969)
Related tax benefit	3,490	413
TOTAL OTHER COMPREHENSIVE LOSS	(13,127)	(1,556)
TOTAL COMPREHENSIVE (LOSS) INCOME	$ (5,045)	$ 5,454

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - 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
Beginning balance, shares at Dec. 31, 2020	23,922
Net income			7,010		7,010
Other comprehensive loss, net of tax				(1,556)	(1,556)
Ending balance, value at Dec. 31, 2021	$ 47,844	14,570	2,031	(814)	63,631
Ending balance, Shares at Dec. 31, 2021	23,922
Net income			8,082		8,082
Other comprehensive loss, net of tax				(13,127)	(13,127)
Cash dividend declared ($0.05 per share)			(1,196)		(1,196)
Repurchase of common stock	$ (147)	(24)			(171)
Repurchase of common stock, shares	(74)
Ending balance, value at Dec. 31, 2022	$ 47,697	$ 14,546	$ 8,917	$ (13,941)	$ 57,219
Ending balance, Shares at Dec. 31, 2022	23,848

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 8,082	$ 7,010
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,741	2,097
Provision for loan losses	625	372
Loss (income) on bank owned life insurance	136	(32)
Gain on sale of securities available-for-sale		(322)
Gain on sale of mortgage loans	(29)	(104)
Loss on sale or disposal of premises and equipment	201	1,098
Gain on sale of foreclosed real estate and repossessed assets	(70)	(126)
Loans originated for sale	(1,577)	(5,814)
Proceeds from sales of loans originated for sale	1,606	6,307
Adjustment of carrying value of foreclosed real estate and repossessed assets	197	466
Net amortization/accretion of bond premiums/discounts	474	482
Deferred tax expense	540	1,866
Net change in:
Interest receivable	(443)	280
Other assets	26	403
Accrued interest payable	254	(164)
Accrued expenses and other liabilities	2,068	(19)
Net Cash Provided by Operating Activities	13,831	13,800
CASH FLOWS FROM INVESTING ACTIVITIES
Net decrease (increase) in loans	9,209	(18,987)
Purchase of securities available-for-sale	(19,790)	(85,082)
Proceeds from sale of investment securities available-for-sale		7,686
Proceeds from repayments and maturities of securities available-for-sale	13,980	16,315
Net (purchase) sale of equity securities (restricted)	(27)	555
Payments for the purchase of premises and equipment	(548)	(4,094)
Proceeds from sale of premises and equipment		1,203
Proceeds from insurance claims on other real estate owned or premises	51	54
Proceeds from sales of other real estate owned	207	2,645
Net Cash Provided by (Used in) Investing Activities	3,082	(79,705)
CASH FLOWS FROM FINANCING ACTIVIES
Net change in short term borrowings		(5,000)
Net change in noninterest bearing deposits	(1,333)	27,532
Net change in interest bearing deposits	(13,473)	11,969
Dividends paid	(1,196)
Repurchase of common stock	(171)
Net Cash (Used in) Provided by Financing Activities	(16,173)	34,501
Net increase (decrease) in cash and cash equivalents	740	(31,404)
Cash and Cash Equivalents, Beginning of the Year	60,946	92,350
Cash and Cash Equivalents, End of the Year	61,686	60,946
Supplemental Disclosure of Cash Paid During the Year for:
Interest	2,851	2,865
Taxes	650
Supplemental Disclosure of Non-Cash Transactions:
Right-of-use assets obtained in exchange for new operating lease liabilities		86
Loan made to finance sale of premises and equipment		185
Other real estate acquired in settlement of foreclosed loans		566
Loans made to finance sale of foreclosed real estate	711	400
Transfer of premises and equipment to other real estate		950
Change in unrealized losses on securities available for sale	$ (16,617)	$ (1,969)

NATURE OF OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS Nature of Operations –

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Consolidation Use of Estimates Cash and Cash Equivalents Investment Securities The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold, using the specific identification method. Realized gains (losses) on securities available-for-sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive loss. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to other comprehensive loss, net of tax, whereas realized gains and losses flow through the statements of income. Loans held for sale Loans It is the Company’s policy to stop accruing interest on a loan, and classify that loan as non-accrual under the following circumstances: (a) whenever we are advised by the borrower that scheduled payment or interest payments cannot be met, (b) when our best judgment indicates that payment in full of principal and interest can no longer be expected, or (c) when any such loan or obligation becomes delinquent for 90 days unless it is both well secured and in the process of collection. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, except in the case of a nonaccrual loan that is well secured and in the process of collection, in which case, the interest accrued but not collected is not reversed. The interest on these loans is accounted for on the cash basis or cost-recovery method, until qualifying for return to accrual status. Generally, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, six consecutive timely payments are made, and prospects for future contractual payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Significant Group Concentrations of Credit Risk Allowance for Loan Losses The allowance is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries. Loans are charged against the allowance for loan losses when management believes that collectability of all or part of the principal is unlikely. Past due status is determined based on contractual terms. In regard to our consumer and consumer real estate loan portfolio, the Company uses the guidance found in the Uniform Retail Credit Classification and Account Management Policy which affects our estimate of the allowance for loan losses. Under this approach, a consumer or consumer real estate loan must initially have a credit risk grade of Pass or better. Subsequently, if the loan becomes contractually 90 days past due or the borrower files for bankruptcy protection, the loan is downgraded to Substandard and placed in nonaccrual status. If the loan is unsecured, upon being deemed Substandard, the entire loan amount is charged off. For non-1-4 family residential loans that are 90 days past due or greater, or in bankruptcy, the collateral value less estimated liquidation costs is compared to the loan balance to calculate any potential deficiency. If the collateral is sufficient then no charge-off is necessary. If a deficiency exists, then upon the loan becoming contractually 120 days past due, the deficiency is charged-off against the allowance for loan loss. In the case of 1-4 family residential or home equity loans, upon the loan becoming 120 days past due, a current value is obtained and after application of an estimated liquidation discount, a comparison is made to the loan balance to calculate any deficiency. Subsequently, any noted deficiency is then charged-off against the allowance for loan loss when the loan becomes contractually 180 days past due. If the customer has filed bankruptcy, then within 60 days of the bankruptcy notice, any calculated deficiency is charged-off against the allowance for loan loss. Collection efforts continue by means of repossessions or foreclosures, and upon bank ownership, liquidation ensues. Bank Premises and Equipment Schedule of estimated useful lives Type Estimated useful life Buildings 39 Paving and landscaping 15 Computer equipment and software 3 5 Vehicles 5 Furniture and other equipment 5 10 Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Repairs and maintenance costs are recorded as a component of noninterest expense as incurred. Other Real Estate Owned Bank Owned Life Insurance (BOLI) Leases Income Taxes The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. See Note 10, Income Taxes, for additional information. The Company records any penalties and interest attributed to uncertain tax positions as a component of income tax expenses. Income Per Share Financial Instruments – Off-balance-sheet instruments Financial Instruments – Fair Value Comprehensive (Loss) Income Revenue from Contracts with Customers Advertising Cost 162,000 252,000 Reclassification Subsequent Events

INCOME PER SHARE

INCOME PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
INCOME PER SHARE	NOTE 3 INCOME PER SHARE Basic income per share computations are based on the weighted average number of shares outstanding during each year. Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the years ended December 31, 2022 and 2021, there were no dilutive potential common shares. Basic and diluted net income per common share calculations follows: Schedule of basic and diluted net loss per common share calculations (Amounts in thousands, except For the year ended share and per share data) December 31, 2022 2021 Net income $ 8,082 $ 7,010 Weighted average shares outstanding 23,898,185 23,922,086 Weighted average dilutive shares outstanding 23,898,185 23,992,086 Basic and diluted income per share $ 0.34 $ 0.29

DEPOSITS IN AND FEDERAL FUNDS S

DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS	12 Months Ended
	Dec. 31, 2022
Deposits In And Federal Funds Sold To Banks
DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS	NOTE 4 DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS The Bank had federal funds sold and interest-bearing cash on deposit with the Federal Reserve Bank of Richmond (the Federal Reserve Bank) and other commercial banks amounting to $ 47.7 46.0 Effective March 26, 2020, the Board of Governors of the Federal Reserve System set reserve requirements to zero. Therefore, the Bank is no longer required to maintain minimum reserve balances with the Federal Reserve Bank. The Bank has a total of $ 30.0

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2022
Investment securities activity:
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES The amortized cost and estimated fair value of securities (all available-for-sale) as of December 31, 2022 and December 31, 2021 are as follows: Schedule of securities amortized cost and estimated fair value Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2022 U.S. Treasuries $ 12,642 $ — $ 957 $ 11,685 U.S. Government Agencies 10,129 4 734 9,399 Taxable municipals 23,022 — 6,207 16,815 Corporate bonds 3,512 — 376 3,136 Mortgage backed securities 64,419 — 9,378 55,041 Total Securities available for sale $ 113,724 $ 4 $ 17,652 $ 96,076 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 available-for-sale portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of December 31, 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 December 31, 2022 U.S. Treasuries $ 4,761 $ 145 $ 6,922 $ 812 $ 11,683 $ 957 U.S. Government Agencies 5,925 348 3,295 386 9,220 734 Taxable municipals 3,689 1,113 13,127 5,094 16,816 6,207 Corporate bonds 2,375 136 761 240 3,136 376 Mortgage backed securities 11,338 861 43,612 8,517 54,950 9,378 Total $ 28,088 $ 2,603 $ 67,717 $ 15,049 $ 95,805 $ 17,652 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 $ 73,879 $ 1,145 $ 10,103 $ 289 $ 83,982 $ 1,434 As of December 31, 2022, the available-for-sale portfolio included 221 investments for which the fair market value was less than amortized cost. As of December 31, 2021, the available-for-sale portfolio included 113 investments for which the fair market value was less than amortized cost. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial conditions and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Based on the Company’s analysis, the Company concluded that no securities had other-than-temporary impairment at December 31, 2022 or December 31, 2021. Investment securities with a carrying value of $ 27.3 12.1 There were no securities sold during the year ended December 31, 2022. During the year ended December 31, 2021, $7.7 million of securities were sold, realizing $322,000 in gains. The amortized cost and fair value of investment securities as of December 31, 2022, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Also, actual maturities may differ from scheduled maturities on amortizing securities, such as mortgage-backed securities and collateralized mortgage obligations, because the underlying collateral on these types of securities may be repaid prior to the scheduled maturity date. 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 $ 1,482 $ 1,475 4.51% Due after one year through five years 16,696 15,674 2.12% Due after five years through ten years 15,315 13,409 2.11% Due after ten years 80,231 65,518 1.86% Total $ 113,724 $ 96,076 1.97% The Bank, as a member of the Federal Reserve Bank and the Federal Home Loan Bank of Atlanta (FHLB), is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities, which are included in other assets on the consolidated balance sheet, are restricted from trading and are recorded at a cost of $ 2.1 2.0

LOANS

LOANS	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans receivable outstanding as of December 31, 2022 and 2021, are summarized as follows: Summary of loans receivable outstanding December 31, (Dollars are in thousands) 2022 2021 Real estate secured: Commercial $ 197,069 $ 206,162 Construction and land development 42,470 32,325 Residential 1-4 family 227,232 224,530 Multifamily 29,710 33,048 Farmland 17,744 18,735 Total real estate loans 514,225 514,800 Commercial 46,697 54,325 Agriculture 3,756 4,021 Consumer installment loans 19,309 18,756 All other loans 626 1,842 Total loans $ 584,613 $ 593,744 Included in commercial loans as of December 31, 2022 and 2021, were approximately $ 273,000 6.4 Also included in total loans above are deferred loan fees of $ 1.6 1.8 1.9 2.0 As a result of PPP originations, net deferred fees totaling $3.2 million were received. The Company recognized approximately $211,000 and $2.0 million, respectively, during the years ended December 31, 2022 and 2021. Loans receivable on nonaccrual status as of December 31, 2022 and 2021 are summarized as follows: Summary of loans receivable on nonaccrual status (Dollars are in thousands) 2022 2021 Real estate secured: Commercial $ — $ 415 Construction and land development 471 37 Residential 1-4 family 2,597 2,314 Multi-family 268 111 Farmland 41 48 Total real estate loans 3,377 2,925 Commercial — 9 Consumer installment and other loans 36 7 Total loans receivable on nonaccrual status $ 3,413 $ 2,941 Total interest income not recognized on nonaccrual loans for 2022 and 2021 was approximately $10,000 and $223,000, respectively. The following table presents information concerning the Company’s investment in loans considered impaired as of December 31, 2022 and December 31, 2021: Summary of impaired loans As of December 31, 2022 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 124 $ 6 $ 90 $ 131 $ — Construction and land development 114 17 471 491 — Residential 1-4 family 1,585 48 1,617 1,972 — Multifamily — — — — — Farmland 307 24 248 417 — Commercial 14 1 23 31 — Agriculture — — — — — Consumer installment loans 1 — — — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 407 2 268 338 63 Construction and land development 291 — — — — Residential 1-4 family 201 6 32 48 23 Multifamily 20 — — — — Farmland 63 — — — — Commercial 27 1 — — — Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 3,154 $ 105 $ 2,749 $ 3,428 $ 86 As of December 31, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 245 $ — $ 99 $ 140 $ — Construction and land development 64 18 24 298 — Residential 1-4 family 1,720 24 1,508 1,791 — Multifamily — — — — — Farmland 438 14 320 490 — Commercial — — — — — Agriculture — — — — — Consumer installment loans 3 — 2 2 — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 871 3 315 372 94 Construction and land development — — — — — Residential 1-4 family 338 6 340 372 53 Multifamily — — — — — Farmland 121 4 197 209 17 Commercial 109 1 28 35 2 Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 3,909 $ 70 $ 2,833 $ 3,709 $ 166 An age analysis of past due loans receivable is below. As of December 31, 2022 and 2021, there were no loans over 90 days past due that were accruing. Summary of age analysis of past due loans receivable As of December 31, 2022 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial $ 268 $ — $ — $ 268 $ 196,801 $ 197,069 Construction and land development 89 — — 89 42,381 42,470 Residential 1-4 family 3,521 543 341 4,405 222,827 227,232 Multifamily 229 — — 229 29,481 29,710 Farmland 285 — — 285 17,459 17,744 Total real estate loans 4,392 543 341 5,276 508,949 514,225 Commercial 56 — — 56 46,641 46,697 Agriculture — — — — 3,756 3,756 Consumer installment loans 73 17 17 107 19,202 19,309 All other loans 59 — — 59 567 626 Total loans $ 4,580 $ 560 $ 358 $ 5,498 $ 579,115 $ 584,613 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 and leases individually by classifying the loans receivable as to credit risk. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. There were no loans classified as doubtful at either December 31, 2022 or 2021. Based on the most recent analysis performed, the risk category of loans receivable was as follows: Summary of risk category of loans receivable As of December 31, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 195,376 $ 1,425 $ 268 $ — $ 197,069 Construction and land development 41,882 117 471 — 42,470 Residential 1-4 family 224,228 406 2,598 — 227,232 Multifamily 29,503 207 — — 29,710 Farmland 16,848 855 41 — 17,744 Total real estate loans 507,837 3,010 3,378 — 514,225 Commercial 46,471 226 — — 46,697 Agriculture 3,756 — — — 3,756 Consumer installment loans 19,272 2 35 — 19,309 All other loans 626 — — — 626 Total $ 577,962 $ 3,238 $ 3,413 $ — $ 584,613 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	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
ALLOWANCE FOR LOAN LOSSES	NOTE 7 ALLOWANCE FOR LOAN LOSSES The following tables present activity in the allowance for loan losses for the years ended December 31, 2022 and 2021. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Additionally, the allocation of the allowance by recorded portfolio segment and impairment method is presented as of December 31, 2022 and 2021. 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 Year ended December 31, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs (5) (149) (64) (111) (1) (45) (1) (559) - (935) Recoveries 33 6 100 2 14 31 1 115 - 302 Provision 202 299 91 117 (9) (704) 4 722 (97) 625 Ending balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Allowance for loan losses at December 31, 2022 Individually evluated for impairment $ 63 $ - $ 23 $ - $ - $ - $ - $ - $ - $ 86 Collectively evaluated for impairment 2,301 345 2,341 262 153 381 32 386 440 6,641 $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Loans at December 31, 2022 Individually evluated for impairment $ 358 $ 471 $ 1,649 $ - $ 248 $ 23 $ - $ - $ - $ 2,749 Collectively evaluated for impairment 196,711 41,999 225,583 29,710 17,496 46,965 3,756 19,644 - 581,864 $ 197,069 $ 42,470 $ 227,232 $ 29,710 $ 17,744 $ 46,988 $ 3,756 $ 19,644 $ - $ 584,613 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 Year ended December 31, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ - $ 7,191 Charge-offs (915) - (48) - - (92) - (78) - (1,133) Recoveries 2 6 85 - 29 137 1 45 - 305 Provision 766 (50) 249 103 23 (1,221) (13) (22) 537 372 Ending balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Allowance for loan losses at December 31, 2021 Individually evluated 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 evluated 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 In determining the amount of our allowance, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision. Due to the underlying SBA guarantee provided for PPP loans, these accounts were not included in the portfolio segment or impairment calculations. Additionally, due to uncertainties presented by the lingering impact of the pandemic and the resulting economic uncertainty, internal and external qualitative factors were revised accordingly. In 2022 and 2021, external qualitative factors were adjusted to consider the impact of inflation.

TROUBLED DEBT RESTRUCTURINGS

TROUBLED DEBT RESTRUCTURINGS	12 Months Ended
	Dec. 31, 2022
Troubled Debt Restructurings
TROUBLED DEBT RESTRUCTURINGS	NOTE 8 TROUBLED DEBT RESTRUCTURINGS As of December 31, 2022, loans classified as troubled debt restructurings (TDRs) totaled $ 2.0 2.5 Schedule of loans modified as troubled debt restructurings December 31, 2022 December 31, 2021 (Dollars are in thousands) # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment Real estate secured: Commercial — $ — $ — — $ — $ — Construction and land Development — — — — — — Residential 1-4 family — — — 1 35 35 Multifamily — — — — — — Farmland — — — — — — Total real estate loans — — — 1 35 35 Commercial — — — — — — Agriculture — — — — — — Consumer installment loans — — — — — — All other loans — — — — — — Total — $ — $ — 1 $ 35 $ 35 There were no loans modified that resulted in a troubled debt restructuring during the year ended December 31, 2022. During the year ended December 31, 2021, one loan was modified for which the modification was considered to be a troubled debt restructuring. For the year ended December 31, 2022 there were no TDRs that subsequently defaulted within twelve months of the loan modification. For the year ended December 31, 2021, there were two TDRs with a modified balance of $56,000 that subsequently defaulted within twelve months of the loan modification. Generally, a TDR is considered to be in default once it becomes 90 days or more past due following a modification. When determining the level of the allowance for loan losses, management considers troubled debt restructurings and subsequent defaults in these restructurings in its estimate. The Company evaluates all troubled debt restructurings for possible further impairment. As a result, the allowance may be increased, adjustments may be made in the allocation of the allowance, or charge-offs may be taken to further write down the carrying value of these loans.

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
BANK PREMISES AND EQUIPMENT	NOTE 9 BANK PREMISES AND EQUIPMENT Depreciation expense for 2022 and 2021 was $1.7 million and $2.1 million, respectively. Bank premises and equipment as of December 31, 2022 and 2021 are summarized as follows: Schedule of bank premises and equipment (Dollars are in thousands) 2022 2021 Land $ 7,371 $ 7,424 Buildings and improvements 15,972 16,252 Furniture and equipment 13,965 14,139 37,308 37,815 Less accumulated depreciation (18,018 ) (17,080 ) Bank Premises and Equipment $ 19,290 $ 20,735 As presented in Note 14 Other Real Estate Owned, the bank sold three former branch locations during 2022. These properties with a combined carrying value of $2.0 million, were transferred to other real estate owned during 2021, resulting in an increase to OREO of $950,000, and disposal and valuation costs of approximately $1.1 million. Equipment with a combined net book value of $188,000 was written off in 2021. During the year ended December 31, 2021, the Bank sold four other former branch locations, with net book values of approximately $1.1 million, resulting in approximately $173 thousand of net gains on sales. During 2021, we opened one new branch office, in Bristol, Virginia, resulting in a net increase of $1.7 million in premises and equipment. As presented in Note 17 Leasing Activities, during 2021, the Bank repurchased the branch office located in Lebanon, Virginia, which had previously been sold and leased back.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 INCOME TAXES The Company files a consolidated federal income tax return. The following summarizes the provision for income taxes and the related deferred tax components for the years ended December 31, 2022 and 2021. Income tax expense is summarized as follows for the years ended December 31, 2022 and 2021: Schedule of pre-tax book income (Dollars are in thousands) 2022 2021 Current income tax expense (benefit) Federal $ 1,759 $ (172 ) State — — Total current income tax expense (benefit) 1,759 (172 ) Deferred income tax expense Federal 500 2,067 State 40 47 Total deferred income tax expense 540 2,114 Income tax expense $ 2,299 $ 1,942 The following table summarizes the differences between the actual income tax expense and the amounts computed using the federal statutory tax rate of 21% for years ended December 31, 2022 and 2021, respectively: Schedule of reconciliation of income tax expense (Dollars are in thousands) 2022 2021 Income tax expense (benefit) at the applicable federal rate $ 2,180 $ 1,879 Permanent differences resulting from: Nondeductible expenses 9 7 Tax exempt interest income (3 ) (4 ) Bank owned life insurance 29 (7 ) Other adjustments 84 67 Income tax expense $ 2,299 $ 1,942 The net deferred tax assets and liabilities resulting from temporary differences as of December 31, 2022 and 2021, are summarized as follows: Schedule of net deferred tax assets and liabilities (Dollars are in thousands) 2022 2021 Deferred tax assets Allowance for loan losses $ 1,498 $ 1,500 Deferred compensation 80 85 Nonaccrual loan interest 543 532 Unrealized loss on securities available for sale 3,706 216 Other real estate owned 48 305 Amortization of core deposits — 6 Amortization of goodwill — 31 Capitalized interest and repair expense 22 23 Net operating loss carryforward — 460 Other 57 98 Total assets, gross 5,954 3,256 Deferred tax liabilities Accelerated depreciation 896 1,105 Prepaid expenses 17 27 Deferred loan costs 418 451 Total liabilities, gross 1,331 1,583 Net deferred tax asset $ 4,623 $ 1,673 In accordance with applicable accounting guidance, the Company determined that it was not required to establish a valuation allowance for deferred tax assets as it is more likely than not that the deferred tax asset will be realized through future taxable income, future reversals of existing taxable temporary differences and tax strategies. The Company’s net deferred tax asset is recorded in the consolidated financial statements separately. As of December 31, 2022 and 2021, the Company had no unrecognized tax benefits. The Company does not expect the total amount of unrecognized tax benefits to increase significantly over the next twelve months. The company recognizes interest and penalties as a component of income tax expense. The Company and Bank are subject to U. S. federal income tax, a capital-based franchise tax in the Commonwealth of Virginia; and income and excise taxes in West Virginia, Tennessee and North Carolina, respectively, based on earnings realized from business activities within each state. Years prior to 2019 are no longer subject to examination by taxing authorities.

TIME DEPOSITS

TIME DEPOSITS	12 Months Ended
	Dec. 31, 2022
Time Deposits
TIME DEPOSITS	NOTE 11 TIME DEPOSITS The aggregate amount of time deposits that meet or exceed the Federal Deposit Insurance Corporation (FDIC) Insurance limit of $250,000 was $26.8 million and $28.6 million as of December 31, 2022 and 2021, respectively. We had no brokered time deposits at either December 31, 2022 or 2021. As of December 31, 2022, the scheduled maturities of time deposits are as follows (dollars are in thousands): Schedule of maturities 2023 $ 123,270 2024 20,683 2025 29,987 2026 8,185 2027 6,108 After five years - Total $ 188,233

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 RELATED PARTY TRANSACTIONS Officers, directors (and companies controlled by them), principal shareholders, and associates were customers of and had loan transactions with the Bank in the normal course of business. The following table summarizes these transactions, which were made on substantially the same terms as those prevailing for other customers and did not involve any abnormal risk. Schedule of related party For the year ended December 31, (Dollars in thousands) 2022 2021 Beginning balance $ 3,419 $ 4,187 New loans and advances on lines 2,636 2,620 Payments and other reductions (4,496 ) (3,388 ) Ending balance $ 1,559 $ 3,419 Total related party deposits held at the Bank were $29.0 million and $24.8 million as of December 31, 2022 and 2021, respectively. NPB Insurance Services, Inc. holds a 39% membership interest in Lonesome Pine Title Agency, LLC, which provides title insurance. Another member of the agency is a related party to the Company. In August 2021, the Bank sold a parcel of land, adjacent to the Grundy, Virginia office to a director for $150 thousand, which approximated the fair value of the property. A gain of approximately $17,000 was recorded from this transaction.

RETIREMENT PLANS

RETIREMENT PLANS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
RETIREMENT PLANS	NOTE 13 RETIREMENT PLANS The Company has established a qualified defined contribution plan that covers all full-time employees. The Company matches employee contributions up to a maximum of 3% of their salary. The Company contributed approximately $235,000 and $246,000 to the defined contribution plan during the years ended December 31, 2022 and 2021, respectively. The Bank maintains a salary continuation plan for key executives which was established in 2002 and is funded by single premium life insurance policies. Expenses related to the plan were approximately $27,000 and $29,000 for the years ended December 31, 2022 and 2021, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 14 OTHER REAL ESTATE OWNED The following table summarizes the activity in other real estate owned for the years ended December 31, 2022 and 2021: Schedule of other real estate owned 2022 2021 (Dollars are in thousands) Balance, beginning of year $ 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 (197 ) (466 ) Gains (losses) from sales 15 76 Balance, end of year $ 261 $ 1,361 During 2022, three former branch offices that were transferred from premises to other real estate owned during 2021, were sold, resulting in valuation adjustments of $137,000 and net losses totaling $5,000, respectively.

BANK OWNED LIFE INSURANCE

BANK OWNED LIFE INSURANCE	12 Months Ended
	Dec. 31, 2022
Bank Owned Life Insurance
BANK OWNED LIFE INSURANCE	NOTE 15 BANK OWNED LIFE INSURANCE As of December 31, 2022 and 2021, the Bank had an aggregate total cash surrender value of $4.5 million and $4.7 million, respectively, on life insurance policies covering former key officers. The Company recorded a net write-down of approximately $136,000 during the year ended December 31, 2022. The Company recognized income of approximately $32,000 during the year ended December 31, 2021.

DIVIDEND LIMITATIONS ON SUBSIDI

DIVIDEND LIMITATIONS ON SUBSIDIARY BANK	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
DIVIDEND LIMITATIONS ON SUBSIDIARY BANK	NOTE 16 DIVIDEND LIMITATIONS ON SUBSIDIARY BANK A principal source of funds for the Company is dividends paid by the Bank. The Federal Reserve Act restricts the amount of dividends the Bank may pay. Approval by the Board of Governors of the Federal Reserve System is required if the dividends declared by a state member bank, in any year, exceed the sum of (1) net income of the current year and (2) income net of dividends for the preceding two years. Virginia law restricts the amount of dividends a Virginia corporation may pay. Generally, a Virginia corporation may not authorize and make distributions if, after giving effect to the distribution, it would be unable to meet its debts as they become due in the usual course of business or if the corporation’s total assets would be less than the sum of its total liabilities plus the amount that would be needed, if it were dissolved at that time, to satisfy the preferential rights of shareholders whose rights are superior to the rights of those receiving the distribution. In addition, the payment of distributions to shareholders is subject to any prior rights of outstanding preferred stock.

LEASING ACTIVITIES

LEASING ACTIVITIES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASING ACTIVITIES	NOTE 17 LEASING ACTIVITIES As of December 31, 2022, the Bank leases four branch offices and sublets a lot adjacent to another branch 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 as of December 31, 2022, was 9.60 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 as of December 31, 2022 was 3.28% The Company’s operating lease costs for the years ended December 31, 2022 and 2021, as a result of the transactions discussed above, was $ 456,000 528,000 During 2021, the Bank repurchased its branch office located in Lebanon, Virginia, for $1.3 million. This branch had previously been sold and leased back in September 2019. As a result of the repurchase, the lease with a remaining term of 12.9 years was cancelled. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. As of December 31, 2022, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): Schedule of future minimum rental commitments under the non-cancellable operating leases 2023 $ 456 2024 456 2025 456 2026 456 2027 477 Thereafter 2,226 Total lease payments 4,527 Less imputed interest 802 Total $ 3,725

BORROWED FUNDS

BORROWED FUNDS	12 Months Ended
	Dec. 31, 2022
Borrowed Funds
BORROWED FUNDS	NOTE 18 BORROWED FUNDS The following table presents the breakdown of borrowed funds as of December 31, 2022 and 2021 (dollars in thousands): Schedule of breakdown of borrowed funds FHLB Revolving Advances (a) Federal Funds Lines (b) FHLB Term Loans Short-Term (c) FHLB Term Loans Long-Term (d) NPB Capital Trust I (e) NPB Capital Trust 2 (e) Total Balance December 31, 2022 $ - $ - $ - $ - $ 11,341 $ 5,155 $ 16,496 Highest balance at any month-end - - 60,000 - 11,341 5,155 Average weighted balance 863 - 19,507 - 11,341 5,155 36,866 Average interest rate: Paid during the year 1.68% -% 2.48% -% 4.63% 3.79% 3.31% At year-end -% -% -% -% 6.68% 5.85% 6.42% Balance December 31, 2021 $ - $ - $ - $ - $ 11,341 $ 5,155 $ 16,496 Highest balance at any month-end - 1,020 5,000 - 11,341 5,155 Average weighted balance - 8 2,466 - 11,341 5,155 18,970 Average interest rate: Paid during the year - % 2.51% 1.36% -% 2.81% 1.97% 2.39% At year-end -% -% -% -% 2.72% 1.89% 2.46% (a) - The Bank has the ability to borrow up to an additional $113.7 million from the FHLB under a line of credit which is secured by a blanket lien on residential real estate loans. With additional collateral, the Bank’s total credit availability would be $200.1 million. The Bank had no overnight borrowings subject to daily rate changes from the FHLB at December 31, 2022 or 2021. We have used our line of credit with FHLB to issue letters of credit totaling $7.0 million to the Treasury Board of Virginia for collateral on public funds deposited in the Bank. No draws on the letters of credit have been issued. The letters of credit are considered draws on our FHLB line of credit. (b) - Federal funds lines consist of $30.0 million in unsecured federal funds line of credit facilities with correspondent banks as of December 31, 2022 and 2021, respectively exclusive of any outstanding balance. The Company did not borrow from the lines other than to test the ability to access the lines. (c) – As of December 31, 2022, there are no short term FHLB advances outstanding. (d) – As of December 31, 2022 and 2021, there were no long term FHLB advances. (e) - TPS I - On July 7, 2004, the Company completed the issuance of $11.3 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust I (TPS I). The rate is determined quarterly and floats based on the 3-month LIBOR plus 260 basis points. TPS 2 - On September 27, 2006, the Company completed the issuance of $5.2 million in floating rate trust preferred securities offered by its wholly owned subsidiary, NPB Capital Trust 2 (TPS 2). The rate is determined quarterly and floats based on the 3-month LIBOR plus 177 basis points. Under the terms of the subordinated debt transactions, the securities have 30-year maturities and are redeemable, in whole or in part, without penalty, at the option of the Company after five years from the issuance date, and on a quarterly basis thereafter. Following are maturities of borrowed funds as of December 31, 2022 (dollars in thousands): Schedule of maturities of borrowed funds 2023 $ - 2024 - 2025 - 2026 - 2027 - 2028 and thereafter 16,496 $ 16,496

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2022
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	NOTE 19 FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK In the normal course of business, the Bank has outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying consolidated financial statements. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Bank uses the same credit policies in making such commitments as it does for instruments that are included in the balance sheet. Financial instruments whose contract amount represents credit risk as of December 31, 2022 and 2021 were as follows: Schedule of financial instruments with credit risk 2022 2021 (Dollars in thousands) Commitments to extend credit $ 84,149 $ 69,015 Standby letters of credit 3,731 3,684 Commitments to extend credit are agreements to lend to a customer at either a fixed or variable interest rate as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable, inventory, property and equipment, and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit.

LEGAL CONTINGENCIES

LEGAL CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Legal Contingencies
LEGAL CONTINGENCIES	NOTE 20 LEGAL CONTINGENCIES In the course of operations, we may become a party to legal proceedings in the normal course of business. At December 31, 2022, we do not anticipate that the aggregate ultimate liability arising out of litigation pending or threatened against the Company or any of its subsidiaries to which the property of the Company or any of its subsidiaries is subject, in the opinion of management, may materially impact the financial condition or liquidity of the Company.

CAPITAL

CAPITAL	12 Months Ended
	Dec. 31, 2022
CAPITAL	NOTE 21 CAPITAL Capital Requirements and Ratios The Company meets eligibility criteria of a small bank holding company in accordance with the Board of Governors of the Federal Reserve System’s Small Bank Holding Company Policy Statement issued in February 2015, and is no longer obligated to report consolidated regulatory capital. The Bank is subject to various capital requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and, possibly, additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total and Tier 1 capital to risk-weighted assets, Tier 1 capital to average assets, and Common Equity Tier 1 capital to risk-weighted assets. As of December 31, 2022, the Bank meets all capital adequacy requirements to which it is subject. The Bank’s actual capital amounts and ratios are presented in the following table as of December 31, 2022 and 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 December 31, 2022: Total Capital to Risk Weighted Assets $ 93,028 16.50% $45,106 8.0% $ 56,382 10.0% Tier 1 Capital to Risk Weighted Assets 86,301 15.31% 33,829 6.0% 45,106 8.0% Tier 1 Capital to Average Assets 86,301 10.40% 33,206 4.0% 41,508 5.0% Common Equity Tier 1 Capital to Risk Weighted Assets 86,301 15.31% 25,372 4.5% 36,648 6.5% December 31, 2021: Total Capital to Risk Weighted Assets $ 85,890 16.23% $ 42,332 8.0% $ 52,915 10.0% Tier 1 Capital to Risk Weighted Assets 79,274 14.98% 31,749 6.0% 42,332 8.0% Tier 1 Capital to Average Assets 79,274 9.86% 32,145 4.0% 40,181 5.0% Common Equity Tier 1 Capital to Risk Weighted Assets 79,274 14.98% 23,812 4.5% 34,395 6.5% Accordingly, as of December 31, 2022 and 2021, the Bank was well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since such dates that management believes have changed the Bank’s category. The Bank is also subject to the rules implementing the Basel III capital framework and certain related provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The final rules require the Bank to comply with the following minimum capital ratios: (i) a Common Equity Tier 1 capital to risk-weighted assets ratio of at least 4.5% 2.5%

FAIR VALUES

FAIR VALUES	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 22 FAIR VALUES The Company established a hierarchal disclosure framework associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by this hierarchy are: 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 96.1 107.4 Loans - Other Real Estate Owned – Assets and liabilities measured at fair value are as follows as of December 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 (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 $ — $ 11,685 $ U.S. Government Agencies — 9,399 — Taxable municipals — 16,815 — Corporate bonds — 3,136 — Mortgage backed securities — 55,041 — (On a non-recurring basis) Other real estate owned — — 261 Impaired loans: Real estate secured: Commercial — — 205 Construction and land development — — — Residential 1-4 family — — 8 Multifamily — — — Farmland — — — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ — $ 96,076 $ 474 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): (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: Real estate secured: Commercial — — 221 Construction and land development — — — Residential 1-4 family — — 287 Multifamily — — — Farmland — — 180 Commercial — — 26 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ — $ 107,358 $ 2,075 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of December 31, 2022 and 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 December 31, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 213 $ 714 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 261 $ 1,361 Appraised Value Discounts to reflect current market conditions and estimated costs to sell 0 18 Fair Value of Financial Instruments The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis are as follows: 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) December 31, 2022 Financial instruments – assets Net loans $ 577,886 $ 552,675 $ — $ 552,462 $ 213 Financial instruments – liabilities Time deposits 188,233 187,179 — 187,179 — Borrowed funds 16,496 14,825 — 14,825 — December 31, 2021 Financial instruments – assets Net loans $ 587,009 $ 580,024 $ — $ 579,310 $ 714 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 value of cash and due from banks, federal funds sold, interest-bearing deposits, deposits with no stated maturities and accrued interest approximates fair value and is excluded from the table above. The methods utilized to measure the fair value of financial instruments represent an approximation of exit price; however, an actual exit price may differ.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 23 REVENUE FROM CONTRACTS WITH CUSTOMERS All of our revenue from contracts with customers as defined in ASC 606 is recognized within noninterest income. The following table presents Noninterest Income by revenue stream for the years ended December 31, 2022 and 2021. Schedule of revenue from contracts with customers (Dollars are in thousands) 2022 2021 Service charges and fees $ 3,969 $ 3,724 Card processing and interchange income 3,769 3,871 Insurance and investment fees 954 1,029 Gains on sales of available-for-sale securities (1) — 322 Other noninterest income 548 1,034 Total noninterest income $ 9,240 $ 9,980 (1) – Not within the scope of ASU 2014-9 Certain revenues are earned from contracts with customers. These revenues are recognized when the promised services are rendered to the customer and reflects the entitled consideration received in exchange for those services. Service charges and fees Card processing and interchange fees Insurance and investment fees

NONINTEREST EXPENSES

NONINTEREST EXPENSES	12 Months Ended
	Dec. 31, 2022
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 24 NONINTEREST EXPENSES Other operating expenses, included as part of noninterest expenses, consisted of the following for the years ended December 31, 2022 and 2021: Schedule of noninterest expenses (Dollars are in thousands) 2022 2021 Advertising, sponsorships and donations $ 162 $ 252 ATM network expense 1,471 1,473 Legal and professional fees 1,120 922 Consulting fees 272 269 Loan related expenses 416 599 Printing and supplies 160 133 FDIC insurance premiums 217 266 Other real estate owned expenses, net 176 506 Other operating expenses 2,656 2,556 Total $ 6,650 $ 6,976

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 25 SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. Management has reviewed events occurring through the date the financial statements were available to be issued and has identified the following as a non-recognized subsequent event. On February 27, 2023, the board of directors declared a dividend of $0.06 per share payable on March 31, 2023 to shareholders of record as of March 15, 2023. On February 27, 2023, the board of directors authorized the continuation of the Company’s repurchase of up to 500,000 shares of its common stock through March 31, 2024. This is a continuation of the repurchase program originally announced April 28, 2022, which was set to expire March 31, 2023. To the date of this announced continuation, 82,352 shares have been repurchased at an average price of $2.32 per share, leaving 417,648 shares available for repurchase. Repurchases made through this program will be made through open market purchases or in privately negotiated transactions. On February 27, 2023 the board of directors approved and adopted the New Peoples Bankshares, Inc. Long-Term Cash Incentive Plan (the Plan). The Plan, which became effective on February 27, 2023, provides for cash incentive awards to Plan participants based on the Company’s quarterly earnings per share of common stock over the period specified in the Plan. Certain members of management or highly compensated employees of the Company or the Bank are eligible to participate in the Plan. On February 28, 2023, the executive committee of the board of directors awarded a combined 500,000 notional shares to five members of management. Individual awards are settled solely in cash, determined by multiplying quarterly earnings per share by the number of notional shares covered by a Plan award. The Plan does not grant participants equity in the Company and does not create any shareholders rights.

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	12 Months Ended
	Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 26 RECENT ACCOUNTING DEVELOPMENTS The following is a summary of recent authoritative announcements: In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The Company adopted ASU 2016-13 as of January 1, 2023 in accordance with the required implementation date and recorded the impact of adoption to retained earnings, net of deferred income taxes, as required by the standard. The adjustment recorded at adoption, was not significant to the overall allowance for credit losses or shareholders’ equity as compared to December 31, 2022 and consisted of adjustments to the allowance for credit losses on loans, as well as an adjustment to the Company’s reserve for unfunded loan commitments. Subsequent to adoption, the Company will record adjustments to its allowance(s) for credit losses and reserves for unfunded commitments through the provision for credit losses in the consolidated statements of income. The Company is utilizing a third-party model to tabulate its estimate of current expected credit losses, using a loan-level probability of default / loss given default cash flow method with an exposure at default model methodology. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics which included call report classification and risk rating. The Company primarily utilizes the cohort and the probability of default/loss given default methodologies for its reasonable and supportable forecasting of current expected credit losses. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes to: lending policies and procedures, national and local economic conditions, the experience and ability of management and staff; the volume and severity of past due, rated and nonaccrual assets, loan review system, collateral value, concentrations of credit, and legal or regulatory requirements and competition. The Company’s CECL implementation process was overseen by the Audit and Risk Committee of the board of directors, and managed by credit, finance and risk management personnel, to include an assessment of data availability and gap analysis, data collection, consideration and analysis of multiple loss estimation methodologies, an assessment of relevant qualitative factors and correlation analysis of multiple potential loss drivers and their impact on the Company’s historical loss experience. During 2022, the Company calculated its current expected credit losses model in parallel to its incurred loss model in order to further refine the methodology and model. In addition, the Company engaged a third-party to perform a comprehensive model validation. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (SAB) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. In March 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU 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. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU No. 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU No. 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020.The Company has adopted an alternative reference rate for loans based on LIBOR and is assessing alternatives for financial instruments referencing LIBOR that do not allow for the substitution of an alternative reference rate. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments that have not already been transitioned to an alternative reference rate. In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated 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. In December 2022, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848”. ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the London Interbank Offered Rate (LIBOR) would cease being published. In 2021, the UK Financial Conduct Authority (FCA) delayed the intended cessation date of certain tenors of USD LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company is assessing ASU 2022-06 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments that have not already been transitioned to an alternative reference rate. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

PARENT CORPORATION ONLY FINANCI

PARENT CORPORATION ONLY FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
PARENT CORPORATION ONLY FINANCIAL STATEMENTS	NOTE 27 PARENT CORPORATION ONLY FINANCIAL STATEMENTS CONDENSED BALANCE SHEETS AS OF DECEMBER 31, 2022 AND 2021 (Dollars in Thousands) Schedule of parent corporation only condensed balance sheets 2022 2021 ASSETS Due from banks $ 521 $ 187 Investment in subsidiaries 72,360 78,460 Other assets 1,150 1,645 Total assets $ 74,031 $ 80,292 LIABILITIES Accrued interest payable $ 277 $ 104 Accrued expenses and other liabilities 39 61 Trust preferred securities 16,496 16,496 Total liabilities 16,812 16,661 SHAREHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 23,848,491 and 23,922,086 shares issued and outstanding at December 31, 2022 and 2021, respectively 47,697 47,844 Additional paid capital 14,546 14,570 Retained earnings 8,917 2,031 Accumulated other comprehensive loss (13,941 ) (814 ) Total shareholders’ equity 57,219 63,631 Total liabilities and shareholders’ equity $ 74,031 $ 80,292 CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 (Dollars in thousands) Schedule of parent corporation only condensed statements of income 2022 2021 Income Miscellaneous income $ 22 $ 13 Dividends from subsidiaries 1,749 430 Undistributed income of subsidiaries 7,027 7,026 Total income 8,798 7,469 Expenses Trust preferred securities interest expense 729 420 Professional fees 116 99 Other operating expenses 57 58 Total expenses 902 577 Income before income taxes 7,896 6,892 Income tax benefit (186 ) (118 ) Net income $ 8,082 $ 7,010 CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021 (Dollars in thousands) Schedule of parent corporation only condensed statements of cash flows 2022 2021 Cash flows from operating activities Net income $ 8,082 $ 7,010 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of subsidiaries (7,027 ) (7,026 ) Net decrease in other assets 495 24 Net increase in other liabilities 151 (36 ) Net cash provided by (used in) operating activities 1,701 (28 ) Cash flows from financing activities: Repurchase of common stock (171 ) — Cash dividends paid (1,196 ) — Net cash used in financing activities (1,367 ) — Net increase (decrease) in cash and cash equivalents 334 (28 ) Cash and cash equivalents, beginning of year 187 215 Cash and cash equivalents, end of year $ 521 $ 187

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation
Use of Estimates	Use of Estimates
Cash and Cash Equivalents	Cash and Cash Equivalents
Investment Securities	Investment Securities The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold, using the specific identification method. Realized gains (losses) on securities available-for-sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive loss. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to other comprehensive loss, net of tax, whereas realized gains and losses flow through the statements of income.
Loans held for sale	Loans held for sale
Loans	Loans It is the Company’s policy to stop accruing interest on a loan, and classify that loan as non-accrual under the following circumstances: (a) whenever we are advised by the borrower that scheduled payment or interest payments cannot be met, (b) when our best judgment indicates that payment in full of principal and interest can no longer be expected, or (c) when any such loan or obligation becomes delinquent for 90 days unless it is both well secured and in the process of collection. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income, except in the case of a nonaccrual loan that is well secured and in the process of collection, in which case, the interest accrued but not collected is not reversed. The interest on these loans is accounted for on the cash basis or cost-recovery method, until qualifying for return to accrual status. Generally, loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, six consecutive timely payments are made, and prospects for future contractual payments are reasonably assured. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Impairment is measured on a loan by loan basis for commercial and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk
Allowance for Loan Losses	Allowance for Loan Losses The allowance is increased by a provision for loan losses, which is charged to expense and reduced by charge-offs, net of recoveries. Loans are charged against the allowance for loan losses when management believes that collectability of all or part of the principal is unlikely. Past due status is determined based on contractual terms. In regard to our consumer and consumer real estate loan portfolio, the Company uses the guidance found in the Uniform Retail Credit Classification and Account Management Policy which affects our estimate of the allowance for loan losses. Under this approach, a consumer or consumer real estate loan must initially have a credit risk grade of Pass or better. Subsequently, if the loan becomes contractually 90 days past due or the borrower files for bankruptcy protection, the loan is downgraded to Substandard and placed in nonaccrual status. If the loan is unsecured, upon being deemed Substandard, the entire loan amount is charged off. For non-1-4 family residential loans that are 90 days past due or greater, or in bankruptcy, the collateral value less estimated liquidation costs is compared to the loan balance to calculate any potential deficiency. If the collateral is sufficient then no charge-off is necessary. If a deficiency exists, then upon the loan becoming contractually 120 days past due, the deficiency is charged-off against the allowance for loan loss. In the case of 1-4 family residential or home equity loans, upon the loan becoming 120 days past due, a current value is obtained and after application of an estimated liquidation discount, a comparison is made to the loan balance to calculate any deficiency. Subsequently, any noted deficiency is then charged-off against the allowance for loan loss when the loan becomes contractually 180 days past due. If the customer has filed bankruptcy, then within 60 days of the bankruptcy notice, any calculated deficiency is charged-off against the allowance for loan loss. Collection efforts continue by means of repossessions or foreclosures, and upon bank ownership, liquidation ensues.
Bank Premises and Equipment	Bank Premises and Equipment Schedule of estimated useful lives Type Estimated useful life Buildings 39 Paving and landscaping 15 Computer equipment and software 3 5 Vehicles 5 Furniture and other equipment 5 10 Leasehold improvements are amortized over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Repairs and maintenance costs are recorded as a component of noninterest expense as incurred.
Other Real Estate Owned	Other Real Estate Owned
Bank Owned Life Insurance (BOLI)	Bank Owned Life Insurance (BOLI)
Leases	Leases
Income Taxes	Income Taxes The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. See Note 10, Income Taxes, for additional information. The Company records any penalties and interest attributed to uncertain tax positions as a component of income tax expenses.
Income Per Share	Income Per Share
Financial Instruments – Off-balance-sheet instruments	Financial Instruments – Off-balance-sheet instruments
Financial Instruments – Fair Value	Financial Instruments – Fair Value
Comprehensive (Loss) Income	Comprehensive (Loss) Income
Revenue from Contracts with Customers	Revenue from Contracts with Customers
Advertising Cost	Advertising Cost 162,000 252,000
Reclassification	Reclassification
Subsequent Events	Subsequent Events

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of estimated useful lives	Schedule of estimated useful lives Type Estimated useful life Buildings 39 Paving and landscaping 15 Computer equipment and software 3 5 Vehicles 5 Furniture and other equipment 5 10

INCOME PER SHARE (Tables)

INCOME PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of basic and diluted net loss per common share calculations	Schedule of basic and diluted net loss per common share calculations (Amounts in thousands, except For the year ended share and per share data) December 31, 2022 2021 Net income $ 8,082 $ 7,010 Weighted average shares outstanding 23,898,185 23,922,086 Weighted average dilutive shares outstanding 23,898,185 23,992,086 Basic and diluted income per share $ 0.34 $ 0.29

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Investment securities activity:
Schedule of securities amortized cost and estimated fair value	Schedule of securities amortized cost and estimated fair value Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars are in thousands) Cost Gains Losses Value December 31, 2022 U.S. Treasuries $ 12,642 $ — $ 957 $ 11,685 U.S. Government Agencies 10,129 4 734 9,399 Taxable municipals 23,022 — 6,207 16,815 Corporate bonds 3,512 — 376 3,136 Mortgage backed securities 64,419 — 9,378 55,041 Total Securities available for sale $ 113,724 $ 4 $ 17,652 $ 96,076 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 December 31, 2022 U.S. Treasuries $ 4,761 $ 145 $ 6,922 $ 812 $ 11,683 $ 957 U.S. Government Agencies 5,925 348 3,295 386 9,220 734 Taxable municipals 3,689 1,113 13,127 5,094 16,816 6,207 Corporate bonds 2,375 136 761 240 3,136 376 Mortgage backed securities 11,338 861 43,612 8,517 54,950 9,378 Total $ 28,088 $ 2,603 $ 67,717 $ 15,049 $ 95,805 $ 17,652 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 $ 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 $ 1,482 $ 1,475 4.51% Due after one year through five years 16,696 15,674 2.12% Due after five years through ten years 15,315 13,409 2.11% Due after ten years 80,231 65,518 1.86% Total $ 113,724 $ 96,076 1.97%

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2022
Receivables [Abstract]
Summary of loans receivable outstanding	Summary of loans receivable outstanding December 31, (Dollars are in thousands) 2022 2021 Real estate secured: Commercial $ 197,069 $ 206,162 Construction and land development 42,470 32,325 Residential 1-4 family 227,232 224,530 Multifamily 29,710 33,048 Farmland 17,744 18,735 Total real estate loans 514,225 514,800 Commercial 46,697 54,325 Agriculture 3,756 4,021 Consumer installment loans 19,309 18,756 All other loans 626 1,842 Total loans $ 584,613 $ 593,744
Summary of loans receivable on nonaccrual status	Summary of loans receivable on nonaccrual status (Dollars are in thousands) 2022 2021 Real estate secured: Commercial $ — $ 415 Construction and land development 471 37 Residential 1-4 family 2,597 2,314 Multi-family 268 111 Farmland 41 48 Total real estate loans 3,377 2,925 Commercial — 9 Consumer installment and other loans 36 7 Total loans receivable on nonaccrual status $ 3,413 $ 2,941
Summary of impaired loans	Summary of impaired loans As of December 31, 2022 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 124 $ 6 $ 90 $ 131 $ — Construction and land development 114 17 471 491 — Residential 1-4 family 1,585 48 1,617 1,972 — Multifamily — — — — — Farmland 307 24 248 417 — Commercial 14 1 23 31 — Agriculture — — — — — Consumer installment loans 1 — — — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 407 2 268 338 63 Construction and land development 291 — — — — Residential 1-4 family 201 6 32 48 23 Multifamily 20 — — — — Farmland 63 — — — — Commercial 27 1 — — — Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 3,154 $ 105 $ 2,749 $ 3,428 $ 86 As of December 31, 2021 (Dollars are in thousands) Average Recorded Investment Interest Income Recognized Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Real estate secured: Commercial $ 245 $ — $ 99 $ 140 $ — Construction and land development 64 18 24 298 — Residential 1-4 family 1,720 24 1,508 1,791 — Multifamily — — — — — Farmland 438 14 320 490 — Commercial — — — — — Agriculture — — — — — Consumer installment loans 3 — 2 2 — All other loans — — — — — With an allowance recorded: Real estate secured: Commercial 871 3 315 372 94 Construction and land development — — — — — Residential 1-4 family 338 6 340 372 53 Multifamily — — — — — Farmland 121 4 197 209 17 Commercial 109 1 28 35 2 Agriculture — — — — — Consumer installment loans — — — — — All other loans — — — — — Total $ 3,909 $ 70 $ 2,833 $ 3,709 $ 166
Summary of age analysis of past due loans receivable	Summary of age analysis of past due loans receivable As of December 31, 2022 (Dollars are in thousands) Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Real estate secured: Commercial $ 268 $ — $ — $ 268 $ 196,801 $ 197,069 Construction and land development 89 — — 89 42,381 42,470 Residential 1-4 family 3,521 543 341 4,405 222,827 227,232 Multifamily 229 — — 229 29,481 29,710 Farmland 285 — — 285 17,459 17,744 Total real estate loans 4,392 543 341 5,276 508,949 514,225 Commercial 56 — — 56 46,641 46,697 Agriculture — — — — 3,756 3,756 Consumer installment loans 73 17 17 107 19,202 19,309 All other loans 59 — — 59 567 626 Total loans $ 4,580 $ 560 $ 358 $ 5,498 $ 579,115 $ 584,613 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 December 31, 2022 (Dollars are in thousands) Pass Special Mention Substandard Doubtful Total Real estate secured: Commercial $ 195,376 $ 1,425 $ 268 $ — $ 197,069 Construction and land development 41,882 117 471 — 42,470 Residential 1-4 family 224,228 406 2,598 — 227,232 Multifamily 29,503 207 — — 29,710 Farmland 16,848 855 41 — 17,744 Total real estate loans 507,837 3,010 3,378 — 514,225 Commercial 46,471 226 — — 46,697 Agriculture 3,756 — — — 3,756 Consumer installment loans 19,272 2 35 — 19,309 All other loans 626 — — — 626 Total $ 577,962 $ 3,238 $ 3,413 $ — $ 584,613 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)	12 Months Ended
	Dec. 31, 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 Year ended December 31, 2022 Beginning balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Charge-offs (5) (149) (64) (111) (1) (45) (1) (559) - (935) Recoveries 33 6 100 2 14 31 1 115 - 302 Provision 202 299 91 117 (9) (704) 4 722 (97) 625 Ending balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Allowance for loan losses at December 31, 2022 Individually evluated for impairment $ 63 $ - $ 23 $ - $ - $ - $ - $ - $ - $ 86 Collectively evaluated for impairment 2,301 345 2,341 262 153 381 32 386 440 6,641 $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Loans at December 31, 2022 Individually evluated for impairment $ 358 $ 471 $ 1,649 $ - $ 248 $ 23 $ - $ - $ - $ 2,749 Collectively evaluated for impairment 196,711 41,999 225,583 29,710 17,496 46,965 3,756 19,644 - 581,864 $ 197,069 $ 42,470 $ 227,232 $ 29,710 $ 17,744 $ 46,988 $ 3,756 $ 19,644 $ - $ 584,613 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 Year ended December 31, 2021 Beginning balance $ 2,281 $ 233 $ 1,951 $ 151 $ 97 $ 2,275 $ 40 $ 163 $ - $ 7,191 Charge-offs (915) - (48) - - (92) - (78) - (1,133) Recoveries 2 6 85 - 29 137 1 45 - 305 Provision 766 (50) 249 103 23 (1,221) (13) (22) 537 372 Ending balance $ 2,134 $ 189 $ 2,237 $ 254 $ 149 $ 1,099 $ 28 $ 108 $ 537 $ 6,735 Allowance for loan losses at December 31, 2021 Individually evluated 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 evluated 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

TROUBLED DEBT RESTRUCTURINGS (T

TROUBLED DEBT RESTRUCTURINGS (Tables)	12 Months Ended
	Dec. 31, 2022
Troubled Debt Restructurings
Schedule of loans modified as troubled debt restructurings	Schedule of loans modified as troubled debt restructurings December 31, 2022 December 31, 2021 (Dollars are in thousands) # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment # of Loans Pre-Mod. Recorded Investment Post-Mod. Recorded Investment Real estate secured: Commercial — $ — $ — — $ — $ — Construction and land Development — — — — — — Residential 1-4 family — — — 1 35 35 Multifamily — — — — — — Farmland — — — — — — Total real estate loans — — — 1 35 35 Commercial — — — — — — Agriculture — — — — — — Consumer installment loans — — — — — — All other loans — — — — — — Total — $ — $ — 1 $ 35 $ 35

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of bank premises and equipment	Schedule of bank premises and equipment (Dollars are in thousands) 2022 2021 Land $ 7,371 $ 7,424 Buildings and improvements 15,972 16,252 Furniture and equipment 13,965 14,139 37,308 37,815 Less accumulated depreciation (18,018 ) (17,080 ) Bank Premises and Equipment $ 19,290 $ 20,735

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of pre-tax book income	Schedule of pre-tax book income (Dollars are in thousands) 2022 2021 Current income tax expense (benefit) Federal $ 1,759 $ (172 ) State — — Total current income tax expense (benefit) 1,759 (172 ) Deferred income tax expense Federal 500 2,067 State 40 47 Total deferred income tax expense 540 2,114 Income tax expense $ 2,299 $ 1,942
Schedule of reconciliation of income tax expense	Schedule of reconciliation of income tax expense (Dollars are in thousands) 2022 2021 Income tax expense (benefit) at the applicable federal rate $ 2,180 $ 1,879 Permanent differences resulting from: Nondeductible expenses 9 7 Tax exempt interest income (3 ) (4 ) Bank owned life insurance 29 (7 ) Other adjustments 84 67 Income tax expense $ 2,299 $ 1,942
Schedule of net deferred tax assets and liabilities	Schedule of net deferred tax assets and liabilities (Dollars are in thousands) 2022 2021 Deferred tax assets Allowance for loan losses $ 1,498 $ 1,500 Deferred compensation 80 85 Nonaccrual loan interest 543 532 Unrealized loss on securities available for sale 3,706 216 Other real estate owned 48 305 Amortization of core deposits — 6 Amortization of goodwill — 31 Capitalized interest and repair expense 22 23 Net operating loss carryforward — 460 Other 57 98 Total assets, gross 5,954 3,256 Deferred tax liabilities Accelerated depreciation 896 1,105 Prepaid expenses 17 27 Deferred loan costs 418 451 Total liabilities, gross 1,331 1,583 Net deferred tax asset $ 4,623 $ 1,673

TIME DEPOSITS (Tables)

TIME DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2022
Time Deposits
Schedule of maturities	Schedule of maturities 2023 $ 123,270 2024 20,683 2025 29,987 2026 8,185 2027 6,108 After five years - Total $ 188,233

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of related party	Schedule of related party For the year ended December 31, (Dollars in thousands) 2022 2021 Beginning balance $ 3,419 $ 4,187 New loans and advances on lines 2,636 2,620 Payments and other reductions (4,496 ) (3,388 ) Ending balance $ 1,559 $ 3,419

OTHER REAL ESTATE OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of other real estate owned	Schedule of other real estate owned 2022 2021 (Dollars are in thousands) Balance, beginning of year $ 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 (197 ) (466 ) Gains (losses) from sales 15 76 Balance, end of year $ 261 $ 1,361

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of future minimum rental commitments under the non-cancellable operating leases	Schedule of future minimum rental commitments under the non-cancellable operating leases 2023 $ 456 2024 456 2025 456 2026 456 2027 477 Thereafter 2,226 Total lease payments 4,527 Less imputed interest 802 Total $ 3,725

BORROWED FUNDS (Tables)

BORROWED FUNDS (Tables)	12 Months Ended
	Dec. 31, 2022
Borrowed Funds
Schedule of breakdown of borrowed funds	Schedule of breakdown of borrowed funds FHLB Revolving Advances (a) Federal Funds Lines (b) FHLB Term Loans Short-Term (c) FHLB Term Loans Long-Term (d) NPB Capital Trust I (e) NPB Capital Trust 2 (e) Total Balance December 31, 2022 $ - $ - $ - $ - $ 11,341 $ 5,155 $ 16,496 Highest balance at any month-end - - 60,000 - 11,341 5,155 Average weighted balance 863 - 19,507 - 11,341 5,155 36,866 Average interest rate: Paid during the year 1.68% -% 2.48% -% 4.63% 3.79% 3.31% At year-end -% -% -% -% 6.68% 5.85% 6.42% Balance December 31, 2021 $ - $ - $ - $ - $ 11,341 $ 5,155 $ 16,496 Highest balance at any month-end - 1,020 5,000 - 11,341 5,155 Average weighted balance - 8 2,466 - 11,341 5,155 18,970 Average interest rate: Paid during the year - % 2.51% 1.36% -% 2.81% 1.97% 2.39% At year-end -% -% -% -% 2.72% 1.89% 2.46%
Schedule of maturities of borrowed funds	Schedule of maturities of borrowed funds 2023 $ - 2024 - 2025 - 2026 - 2027 - 2028 and thereafter 16,496 $ 16,496

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, All Other Investments [Abstract]
Schedule of financial instruments with credit risk	Schedule of financial instruments with credit risk 2022 2021 (Dollars in thousands) Commitments to extend credit $ 84,149 $ 69,015 Standby letters of credit 3,731 3,684

CAPITAL (Tables)

CAPITAL (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022: Total Capital to Risk Weighted Assets $ 93,028 16.50% $45,106 8.0% $ 56,382 10.0% Tier 1 Capital to Risk Weighted Assets 86,301 15.31% 33,829 6.0% 45,106 8.0% Tier 1 Capital to Average Assets 86,301 10.40% 33,206 4.0% 41,508 5.0% Common Equity Tier 1 Capital to Risk Weighted Assets 86,301 15.31% 25,372 4.5% 36,648 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%

FAIR VALUES (Tables)

FAIR VALUES (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of summary of assets and liabilities measured at fair value	Schedule of summary of assets and liabilities measured at fair value (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 $ — $ 11,685 $ U.S. Government Agencies — 9,399 — Taxable municipals — 16,815 — Corporate bonds — 3,136 — Mortgage backed securities — 55,041 — (On a non-recurring basis) Other real estate owned — — 261 Impaired loans: Real estate secured: Commercial — — 205 Construction and land development — — — Residential 1-4 family — — 8 Multifamily — — — Farmland — — — Commercial — — — Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ — $ 96,076 $ 474 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): (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: Real estate secured: Commercial — — 221 Construction and land development — — — Residential 1-4 family — — 287 Multifamily — — — Farmland — — 180 Commercial — — 26 Agriculture — — — Consumer installment loans — — — All other loans — — — Total $ — $ 107,358 $ 2,075
Schedule of significant unobservable inputs In level 3 assets	Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at December 31, 2022 Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Impaired Loans $ 213 $ 714 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 261 $ 1,361 Appraised Value 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) December 31, 2022 Financial instruments – assets Net loans $ 577,886 $ 552,675 $ — $ 552,462 $ 213 Financial instruments – liabilities Time deposits 188,233 187,179 — 187,179 — Borrowed funds 16,496 14,825 — 14,825 — December 31, 2021 Financial instruments – assets Net loans $ 587,009 $ 580,024 $ — $ 579,310 $ 714 Financial instruments – liabilities Time deposits 196,285 198,353 — 198,353 — Borrowed funds 16,496 15,649 — 15,649 —

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of revenue from contracts with customers	Schedule of revenue from contracts with customers (Dollars are in thousands) 2022 2021 Service charges and fees $ 3,969 $ 3,724 Card processing and interchange income 3,769 3,871 Insurance and investment fees 954 1,029 Gains on sales of available-for-sale securities (1) — 322 Other noninterest income 548 1,034 Total noninterest income $ 9,240 $ 9,980

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2022
Noninterest Expenses
Schedule of noninterest expenses	Schedule of noninterest expenses (Dollars are in thousands) 2022 2021 Advertising, sponsorships and donations $ 162 $ 252 ATM network expense 1,471 1,473 Legal and professional fees 1,120 922 Consulting fees 272 269 Loan related expenses 416 599 Printing and supplies 160 133 FDIC insurance premiums 217 266 Other real estate owned expenses, net 176 506 Other operating expenses 2,656 2,556 Total $ 6,650 $ 6,976

PARENT CORPORATION ONLY FINAN_2

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Schedule of parent corporation only condensed balance sheets	Schedule of parent corporation only condensed balance sheets 2022 2021 ASSETS Due from banks $ 521 $ 187 Investment in subsidiaries 72,360 78,460 Other assets 1,150 1,645 Total assets $ 74,031 $ 80,292 LIABILITIES Accrued interest payable $ 277 $ 104 Accrued expenses and other liabilities 39 61 Trust preferred securities 16,496 16,496 Total liabilities 16,812 16,661 SHAREHOLDERS’ EQUITY Common stock - $2.00 par value, 50,000,000 shares authorized; 23,848,491 and 23,922,086 shares issued and outstanding at December 31, 2022 and 2021, respectively 47,697 47,844 Additional paid capital 14,546 14,570 Retained earnings 8,917 2,031 Accumulated other comprehensive loss (13,941 ) (814 ) Total shareholders’ equity 57,219 63,631 Total liabilities and shareholders’ equity $ 74,031 $ 80,292
Schedule of parent corporation only condensed statements of income	Schedule of parent corporation only condensed statements of income 2022 2021 Income Miscellaneous income $ 22 $ 13 Dividends from subsidiaries 1,749 430 Undistributed income of subsidiaries 7,027 7,026 Total income 8,798 7,469 Expenses Trust preferred securities interest expense 729 420 Professional fees 116 99 Other operating expenses 57 58 Total expenses 902 577 Income before income taxes 7,896 6,892 Income tax benefit (186 ) (118 ) Net income $ 8,082 $ 7,010
Schedule of parent corporation only condensed statements of cash flows	Schedule of parent corporation only condensed statements of cash flows 2022 2021 Cash flows from operating activities Net income $ 8,082 $ 7,010 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Equity in undistributed earnings of subsidiaries (7,027 ) (7,026 ) Net decrease in other assets 495 24 Net increase in other liabilities 151 (36 ) Net cash provided by (used in) operating activities 1,701 (28 ) Cash flows from financing activities: Repurchase of common stock (171 ) — Cash dividends paid (1,196 ) — Net cash used in financing activities (1,367 ) — Net increase (decrease) in cash and cash equivalents 334 (28 ) Cash and cash equivalents, beginning of year 187 215 Cash and cash equivalents, end of year $ 521 $ 187

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Advertising Cost	$ 162,000		$ 252,000
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		39 years
Paving And Landscaping [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		15 years
Computer Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		3 years
Computer Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		5 years
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		5 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life		10 years

INCOME PER SHARE (Details)

INCOME PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net income	$ 8,082	$ 7,010
Weighted average shares outstanding	23,898,185	23,922,086
Weighted average dilutive shares outstanding	23,898,185	23,992,086
Basic and diluted income per share	$ 0.34	$ 0.29

DEPOSITS IN AND FEDERAL FUNDS_2

DEPOSITS IN AND FEDERAL FUNDS SOLD TO BANKS (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deposits In And Federal Funds Sold To Banks
Commercial banks amounting	$ 47,700	$ 46,000
Unsecured lines of credit	$ 30,000	$ 30,000

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Amortized Cost	$ 113,724	$ 108,388
Gross Unrealized Gains	4	404
Gross Unrealized Losses	17,652	1,434
Approximate Fair Value	96,076	107,358
US Treasury Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	12,642	7,791
Gross Unrealized Gains		2
Gross Unrealized Losses	957	122
Approximate Fair Value	11,685	7,671
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	10,129	9,098
Gross Unrealized Gains	4	77
Gross Unrealized Losses	734	86
Approximate Fair Value	9,399	9,089
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Amortized Cost	23,022	23,075
Gross Unrealized Gains		159
Gross Unrealized Losses	6,207	254
Approximate Fair Value	16,815	22,980
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	3,512	2,014
Gross Unrealized Gains		23
Gross Unrealized Losses	376	18
Approximate Fair Value	3,136	2,019
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	64,419	66,410
Gross Unrealized Gains		143
Gross Unrealized Losses	9,378	954
Approximate Fair Value	$ 55,041	$ 65,599

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 28,088	$ 73,879
Unrealized Losses, Less than 12 Months	2,603	1,145
Fair Value, 12 Months or More	67,717	10,103
Unrealized Losses, 12 Months or More	15,049	289
Fair Value, Total	95,805	83,982
Unrealized Losses, Total	17,652	1,434
US Treasury Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	4,761	6,200
Unrealized Losses, Less than 12 Months	145	122
Fair Value, 12 Months or More	6,922
Unrealized Losses, 12 Months or More	812
Fair Value, Total	11,683	6,200
Unrealized Losses, Total	957	122
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	5,925	977
Unrealized Losses, Less than 12 Months	348	10
Fair Value, 12 Months or More	3,295	3,434
Unrealized Losses, 12 Months or More	386	76
Fair Value, Total	9,220	4,411
Unrealized Losses, Total	734	86
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	3,689	13,040
Unrealized Losses, Less than 12 Months	1,113	237
Fair Value, 12 Months or More	13,127	387
Unrealized Losses, 12 Months or More	5,094	17
Fair Value, Total	16,816	13,427
Unrealized Losses, Total	6,207	254
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	2,375	1,482
Unrealized Losses, Less than 12 Months	136	18
Fair Value, 12 Months or More	761
Unrealized Losses, 12 Months or More	240
Fair Value, Total	3,136	1,482
Unrealized Losses, Total	376	18
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	11,338	52,180
Unrealized Losses, Less than 12 Months	861	758
Fair Value, 12 Months or More	43,612	6,282
Unrealized Losses, 12 Months or More	8,517	196
Fair Value, Total	54,950	58,462
Unrealized Losses, Total	$ 9,378	$ 954

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investment securities activity:
Due in one year or less, amortized Cost	$ 1,482
Due in one year or less, fair value	$ 1,475
Due in one year or less, weighted average yield	4.51%
Due after one year through five years, amortized cost	$ 16,696
Due after one year through five years, fair value	$ 15,674
Due after one year through five years, weighted average yield	2.12%
Due after five years through ten years, amortized cost	$ 15,315
Due after five years through ten years, fair value	$ 13,409
Due after five years through ten years, weighted average yield	2.11%
Due after ten years, amortized cost	$ 80,231
Due after ten years, fair value	$ 65,518
Due after ten years, weighted average yield	1.86%
Amortized cost, total	$ 113,724	$ 108,388
Approximate fair value	$ 96,076	$ 107,358
Weighted average yield, total	1.97%

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Investment securities activity:
Investment securities of carrying value	$ 27,300	$ 12,100
US Government Agencies Securities, at Carrying Value	$ 2,100	$ 2,000

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 584,613	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	514,225	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	197,069	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	42,470	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	42,470	32,325
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	227,232	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	29,710	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	29,710	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	17,744	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	17,744	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	3,756	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	19,309	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	626	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 584,613	$ 593,744

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 3,413	$ 2,941
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	3,377	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		415
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	471	37
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,597	2,314
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	268	111
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	41	48
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 36	$ 7

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	$ 3,154	$ 3,909
Interest Income Recognized	105	70
Recorded Investment	2,749	2,833
Unpaid Principal Balance	3,428	3,709
Related Allowance	86	166
Impaired Financing Receivables With No Related Allowance [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	14
Interest Income Recognized	1
Recorded Investment	23
Unpaid Principal Balance	31
Related Allowance
Impaired Financing Receivables With No Related Allowance [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Impaired Financing Receivables With No Related Allowance [Member] | Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1	3
Interest Income Recognized
Recorded Investment		2
Unpaid Principal Balance		2
Related Allowance
Impaired Financing Receivables With No Related Allowance [Member] | All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Impaired Financing Receivables With Related Allowance [Member] | Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	27	109
Interest Income Recognized	1	1
Recorded Investment		28
Unpaid Principal Balance		35
Related Allowance		2
Impaired Financing Receivables With Related Allowance [Member] | Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Impaired Financing Receivables With Related Allowance [Member] | Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Impaired Financing Receivables With Related Allowance [Member] | All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	407	871
Interest Income Recognized	2	3
Recorded Investment	268	315
Unpaid Principal Balance	338	372
Related Allowance	63	94
Commercial Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	124	245
Interest Income Recognized	6
Recorded Investment	90	99
Unpaid Principal Balance	131	140
Related Allowance
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	291
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Real Estate Investment [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	114	64
Interest Income Recognized	17	18
Recorded Investment	471	24
Unpaid Principal Balance	491	298
Related Allowance
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	201	338
Interest Income Recognized	6	6
Recorded Investment	32	340
Unpaid Principal Balance	48	372
Related Allowance	23	53
Residential Real Estate [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	1,585	1,720
Interest Income Recognized	48	24
Recorded Investment	1,617	1,508
Unpaid Principal Balance	1,972	1,791
Related Allowance
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	20
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Multifamily [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment
Interest Income Recognized
Recorded Investment
Unpaid Principal Balance
Related Allowance
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	63	121
Interest Income Recognized		4
Recorded Investment		197
Unpaid Principal Balance		209
Related Allowance		17
Farmland [Member] | Real Estate [Member] | Impaired Financing Receivables With No Related Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Average Recorded Investment	307	438
Interest Income Recognized	24	14
Recorded Investment	248	320
Unpaid Principal Balance	417	490
Related Allowance

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 584,613	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	4,392	2,480
Loans 60-89 Days Past Due	543	240
Loans 90 or More Days Past Due	341	604
Total Past Due Loans	5,276	3,324
Current Loans	508,949	511,476
Total loans and leases	514,225	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	268
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	268
Current Loans	196,801	206,162
Total loans and leases	197,069	206,162
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	89	7
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due		7
Total Past Due Loans	89	14
Current Loans	42,381	32,311
Total loans and leases	42,470	32,325
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	42,470	32,325
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	3,521	2,473
Loans 60-89 Days Past Due	543	240
Loans 90 or More Days Past Due	341	486
Total Past Due Loans	4,405	3,199
Current Loans	222,827	221,331
Total loans and leases	227,232	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	29,710	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	229
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due		111
Total Past Due Loans	229	111
Current Loans	29,481	32,937
Total loans and leases	29,710	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	17,744	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	285
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	285
Current Loans	17,459	18,735
Total loans and leases	17,744	18,735
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	56
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	56
Current Loans	46,641
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	3,756	4,021
Total loans and leases	3,756	4,021
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	73	56
Loans 60-89 Days Past Due	17	5
Loans 90 or More Days Past Due	17
Total Past Due Loans	107	61
Current Loans	19,202	18,695
Total loans and leases	19,309	18,756
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	59
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due
Total Past Due Loans	59
Current Loans	567	1,842
Total loans and leases	626	1,842
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	4,580	2,541
Loans 60-89 Days Past Due	560	245
Loans 90 or More Days Past Due	358	604
Total Past Due Loans	5,498	3,390
Current Loans	579,115	590,354
Total loans and leases	$ 584,613	$ 593,744

LOANS (Details 4)

LOANS (Details 4) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 584,613	$ 593,744
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	514,225	514,800
Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	577,962	579,137
Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,238	11,706
Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,413	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	514,225
Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	507,837	501,366
Real Estate [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,010	10,550
Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,378	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	46,471	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	226	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	197,069
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	195,376	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	1,425	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	268	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	42,470	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	42,470
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	41,882	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	117	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	471	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	42,470	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	227,232	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	227,232
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	224,228	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	406	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	2,598	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	29,710	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	29,710	33,048
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	29,710
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	29,503	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	207	438
Multifamily [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		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	17,744	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	17,744	18,735
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	17,744
Farmland [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	16,848	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	855	550
Farmland [Member] | Real Estate [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	41	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	3,756	4,021
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	3,756	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	19,309	18,756
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	19,272	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	2
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	35	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	626	1,842
All Other Loans [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	626	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	197,069	206,162
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 584,613	$ 593,744

ALLOWANCE FOR LOAN LOSSES (Deta

ALLOWANCE FOR LOAN LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 584,613	$ 593,744
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,134	2,281
Charge-offs	(5)	(915)
Recoveries	33	2
Provision	202	766
Ending balance	2,364	2,134
Individually evaluated for impairment	63	94
Collectively evaluated for impairment	2,301	2,040
Total	2,364	2,134
Individually evaluated for impairment	358	414
Collectively evaluated for impairment	196,711	205,748
Loans receivable	197,069	206,162
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	189	233
Charge-offs	(149)
Recoveries	6	6
Provision	299	(50)
Ending balance	345	189
Individually evaluated for impairment
Collectively evaluated for impairment	345	189
Total	345	189
Individually evaluated for impairment	471	24
Collectively evaluated for impairment	41,999	32,301
Loans receivable	42,470	32,325
Residential One Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,237	1,951
Charge-offs	(64)	(48)
Recoveries	100	85
Provision	91	249
Ending balance	2,364	2,237
Individually evaluated for impairment	23	53
Collectively evaluated for impairment	2,341	2,184
Total	2,364	2,237
Individually evaluated for impairment	1,649	1,848
Collectively evaluated for impairment	225,583	222,682
Loans receivable	227,232	224,530
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	254	151
Charge-offs	(111)
Recoveries	2
Provision	117	103
Ending balance	262	254
Individually evaluated for impairment
Collectively evaluated for impairment	262	254
Total	262	254
Individually evaluated for impairment
Collectively evaluated for impairment	29,710	33,048
Loans receivable	29,710	33,048
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	149	97
Charge-offs	(1)
Recoveries	14	29
Provision	(9)	23
Ending balance	153	149
Individually evaluated for impairment		17
Collectively evaluated for impairment	153	132
Total	153	149
Individually evaluated for impairment	248	517
Collectively evaluated for impairment	17,496	18,218
Loans receivable	17,744	18,735
Commercials [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	1,099	2,275
Charge-offs	(45)	(92)
Recoveries	31	137
Provision	(704)	(1,221)
Ending balance	381	1,099
Individually evaluated for impairment		2
Collectively evaluated for impairment	381	1,097
Total	381	1,099
Individually evaluated for impairment	23	28
Collectively evaluated for impairment	46,965	54,297
Loans receivable	46,988	54,325
Agricultures [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	28	40
Charge-offs	(1)
Recoveries	1	1
Provision	4	(13)
Ending balance	32	28
Individually evaluated for impairment
Collectively evaluated for impairment	32	28
Total	32	28
Individually evaluated for impairment
Collectively evaluated for impairment	3,756	4,021
Loans receivable	3,756	4,021
Consumer And All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	108	163
Charge-offs	(559)	(78)
Recoveries	115	45
Provision	722	(22)
Ending balance	386	108
Individually evaluated for impairment
Collectively evaluated for impairment	386	108
Total	386	108
Individually evaluated for impairment		2
Collectively evaluated for impairment	19,644	20,596
Loans receivable	19,644	20,598
Unallocated Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	537
Charge-offs
Recoveries
Provision	(97)	537
Ending balance	440	537
Individually evaluated for impairment
Collectively evaluated for impairment	440	537
Total	440	537
Individually evaluated for impairment
Collectively evaluated for impairment
Loans receivable
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	6,735	7,191
Charge-offs	(935)	(1,133)
Recoveries	302	305
Provision	625	372
Ending balance	6,727	6,735
Individually evaluated for impairment	86	166
Collectively evaluated for impairment	6,641	6,569
Total	6,727	6,735
Individually evaluated for impairment	2,749	2,833
Collectively evaluated for impairment	581,864	590,911
Loans receivable	$ 584,613	$ 593,744

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Commercial loans	$ 273,000	$ 6,400
Deferred loan fees	1,600	1,800
Deferred loan cost	$ 1,900	$ 2,000

TROUBLED DEBT RESTRUCTURINGS (D

TROUBLED DEBT RESTRUCTURINGS (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) Integer	Dec. 31, 2021 USD ($) Integer
Financing Receivable, Past Due [Line Items]
# of Loans | Integer		1
Pre-Mod. Recorded Investment		$ 35
Post-Mod. Recorded Investment		$ 35
Commercial Borrower [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Agriculture [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Customer Installment Loans [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
All Other Loans [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Real Estate [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer		1
Pre-Mod. Recorded Investment		$ 35
Post-Mod. Recorded Investment		$ 35
Real Estate [Member] | Commercial Real Estate [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Real Estate [Member] | Real Estate Investment [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Real Estate [Member] | Residential Real Estate [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer		1
Pre-Mod. Recorded Investment		$ 35
Post-Mod. Recorded Investment		$ 35
Real Estate [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment
Real Estate [Member] | Farmland [Member]
Financing Receivable, Past Due [Line Items]
# of Loans | Integer
Pre-Mod. Recorded Investment
Post-Mod. Recorded Investment

TROUBLED DEBT RESTRUCTURINGS _2

TROUBLED DEBT RESTRUCTURINGS (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Troubled Debt Restructurings
Loans	$ 2,000	$ 2,500

BANK PREMISES AND EQUIPMENT (De

BANK PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross, total	$ 37,308	$ 37,815
Less accumulated depreciation	(18,018)	(17,080)
Bank premises and equipment, net, total	19,290	20,735
Land [Member]
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross, total	7,371	7,424
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross, total	15,972	16,252
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross, total	$ 13,965	$ 14,139

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Total current income tax expense (benefit)	$ 1,759	$ (172)
Total deferred income tax expense	540	2,114
Income tax expense	2,299	1,942
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Total current income tax expense (benefit)	1,759	(172)
Total deferred income tax expense	500	2,067
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Total current income tax expense (benefit)
Total deferred income tax expense	$ 40	$ 47

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at the applicable federal rate	$ 2,180	$ 1,879
Permanent differences resulting from:
Nondeductible expenses	9	7
Tax exempt interest income	3	4
Bank owned life insurance	29	(7)
Other adjustments	84	67
Income tax expense	$ 2,299	$ 1,942

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Allowance for loan losses	$ 1,498	$ 1,500
Deferred compensation	80	85
Nonaccrual loan interest	543	532
Unrealized loss on securities available for sale	3,706	216
Other real estate owned	48	305
Amortization of core deposits		6
Amortization of goodwill		31
Capitalized interest and repair expense	22	23
Net operating loss carryforward		460
Other	57	98
Total assets, gross	5,954	3,256
Deferred tax liabilities
Accelerated depreciation	896	1,105
Prepaid expenses	17	27
Deferred loan costs	418	451
Total liabilities, gross	1,331	1,583
Net deferred tax asset	$ 4,623	$ 1,673

TIME DEPOSITS (Details)

TIME DEPOSITS (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Time Deposits
2023	$ 123,270
2024	20,683
2025	29,987
2026	8,185
2027	6,108
After five years
Total	$ 188,233

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Beginning balance	$ 3,419	$ 4,187
New loans and advances on lines	2,636	2,620
Payments and other reductions	(4,496)	(3,388)
Ending balance	$ 1,559	$ 3,419

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Real Estate [Abstract]
Balance, beginning of year	$ 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	(197)	(466)
Gains (losses) from sales	15	76
Balance, end of year	$ 261	$ 1,361

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 456
2024	456
2025	456
2026	456
2027	477
Thereafter	2,226
Total lease payments	4,527
Less imputed interest	802
Total	$ 3,725

LEASING ACTIVITIES (Details Nar

LEASING ACTIVITIES (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted average remaining life	9 years 7 months 6 days
Weighted average discount rate	$ 3.28
Operating lease expenses	$ 456	$ 528

BORROWED FUNDS (Details)

BORROWED FUNDS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Balance for the year	$ 16,496	$ 16,496
Average weighted balance	$ 36,866	$ 18,970
Average interest rate paid during the year	3.31%	2.39%
Average interest rate at year end	6.42%	2.46%
Revolving Credit Facility [Member]
Net Investment Income [Line Items]
Balance for the year
Highest balance at any month-end
Average weighted balance	$ 863
Average interest rate paid during the year	1.68%
Federal Funds Lines [Member]
Net Investment Income [Line Items]
Balance for the year
Highest balance at any month-end		1,020
Average weighted balance		$ 8
Average interest rate paid during the year		2.51%
Short-Term Debt [Member]
Net Investment Income [Line Items]
Balance for the year
Highest balance at any month-end	60,000
Average weighted balance	$ 19,507	$ 2,466
Average interest rate paid during the year	2.48%	1.36%
Long-Term Debt [Member]
Net Investment Income [Line Items]
Balance for the year
Highest balance at any month-end		5,000
Average weighted balance
NPB Capital Trust I [Member]
Net Investment Income [Line Items]
Balance for the year	11,341	11,341
Highest balance at any month-end	11,341	11,341
Average weighted balance	$ 11,341	$ 11,341
Average interest rate paid during the year	4.63%	2.81%
Average interest rate at year end	6.68%	2.72%
NPB Capital Trust 2 [Member]
Net Investment Income [Line Items]
Balance for the year	$ 5,155	$ 5,155
Highest balance at any month-end	5,155	5,155
Average weighted balance	$ 5,155	$ 5,155
Average interest rate paid during the year	3.79%	1.97%
Average interest rate at year end	5.85%	1.89%

BORROWED FUNDS (Details 1)

BORROWED FUNDS (Details 1) $ in Thousands	Dec. 31, 2022 USD ($)
Borrowed Funds
2023
2024
2025
2026
2027
2028 and thereafter	16,496
Advances from Federal Home Loan Banks	$ 16,496

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments to Extend Credit [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Financial instruments with off-balance sheet risk	$ 84,149	$ 69,015
Standby Letters of Credit [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Financial instruments with off-balance sheet risk	$ 3,731	$ 3,684

CAPITAL (Details)

CAPITAL (Details) - Bank $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 93,028	$ 85,890
Total Capital to Risk Weighted Assets, Actual, Ratio	0.1650	0.1623
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 45,106	$ 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	$ 56,382	$ 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	$ 86,301	$ 79,274
Tier 1 Capital Risk Weighted Assets, Actual, Ratio	0.1531	0.1498
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 33,829	$ 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	$ 45,106	$ 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	$ 86,301	$ 79,274
Tier 1 Capital to Average Assets, Actual, Ratio	0.1040	0.0986
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 33,206	$ 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	$ 41,508	$ 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	$ 86,301	$ 79,274
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Ratio	0.1531	0.1498
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 25,372	$ 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	$ 36,648	$ 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)	Dec. 31, 2022	Dec. 31, 2021
Capital conservation buffer	4.50%	2.50%

FAIR VALUES (Details)

FAIR VALUES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Commercial Borrower [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Agriculture [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Consumer Installment Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | All Other Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member] | Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member] | Multifamily [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Real Estate [Member] | Farmland [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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]
Impaired loans	96,076	107,358
Fair Value, Inputs, Level 2 [Member] | Commercial Borrower [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Agriculture [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Consumer Installment Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | All Other Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Multifamily [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Farmland [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | U S Treasuries [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	11,685	7,671
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	9,399	9,089
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Taxable Municipals
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	16,815	22,980
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Corporate Bond Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	3,136	2,019
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	55,041	65,599
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	474	2,075
Fair Value, Inputs, Level 3 [Member] | Commercial Borrower [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		26
Fair Value, Inputs, Level 3 [Member] | Agriculture [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 3 [Member] | Consumer Installment Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 3 [Member] | All Other Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Commercial Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	205	221
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Real Estate Investment [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Residential Real Estate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	8	287
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Multifamily [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Farmland [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		180
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other real estate owned	261	1,361
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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] | Fair Value, Recurring [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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 213	$ 714
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	$ 261	$ 1,361
Valuation Technique	Appraised Value
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	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	$ 577,886	$ 587,009
Time deposits	188,233
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans
Time deposits
Borrowed funds
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	552,462	579,310
Time deposits	187,179	198,353
Borrowed funds	14,825	15,649
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	213	714
Time deposits
Borrowed funds
Carrying Reported Amount Fairs Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	577,886	587,009
Time deposits	188,233	196,285
Borrowed funds	16,496	16,496
Estimate Of Fair Value Fair Values Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	552,675	580,024
Time deposits	187,179	198,353
Borrowed funds	$ 14,825	$ 15,649

FAIR VALUES (Details Narrative)

FAIR VALUES (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Available for sale securities	$ 96,100	$ 107,400

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Service charges and fees	$ 3,969	$ 3,724
Card processing and interchange income	3,769	3,871
Insurance and investment fees	954	1,029
Gains on sales of available-for-sale securities (1)		322
Other noninterest income	548	1,034
Total noninterest income	$ 9,240	$ 9,980

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Noninterest Expenses
Advertising, sponsorships and donations	$ 162	$ 252
ATM network expense	1,471	1,473
Legal and professional fees	1,120	922
Consulting fees	272	269
Loan related expenses	416	599
Printing and supplies	160	133
FDIC insurance premiums	217	266
Other real estate owned expenses, net	176	506
Other operating expenses	2,656	2,556
Total	$ 6,650	$ 6,976

PARENT CORPORATION ONLY FINAN_3

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Due from banks	$ 13,979	$ 14,952
Other assets	4,707	4,706
LIABILITIES
Accrued interest payable	526	272
Accrued expenses and other liabilities	4,685	2,673
Total liabilities	718,139	731,016
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,848,491 and 23,922,086 shares issued and outstanding at December 31, 2022 and 2021, respectively	47,697	47,844
Retained earnings	8,917	2,031
Accumulated other comprehensive loss	(13,941)	(814)
Total shareholders’ equity	57,219	63,631	$ 58,177
Total liabilities and shareholders’ equity	775,358	794,647
Parent Company [Member]
ASSETS
Due from banks	521	187
Investment in subsidiaries	72,360	78,460
Other assets	1,150	1,645
Total assets	74,031	80,292
LIABILITIES
Accrued interest payable	277	104
Accrued expenses and other liabilities	39	61
Trust preferred securities	16,496	16,496
Total liabilities	16,812	16,661
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value, 50,000,000 shares authorized; 23,848,491 and 23,922,086 shares issued and outstanding at December 31, 2022 and 2021, respectively	47,697	47,844
Additional paid capital	14,546	14,570
Retained earnings	8,917	2,031
Accumulated other comprehensive loss	(13,941)	(814)
Total shareholders’ equity	57,219	63,631
Total liabilities and shareholders’ equity	$ 74,031	$ 80,292

PARENT CORPORATION ONLY FINAN_4

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Expenses
Professional fees	$ 272	$ 269
Other operating expenses	6,650	6,976
Total expenses	26,519	27,867
Income tax benefit	2,299	1,942
Net income	8,082	7,010
Parent Company [Member]
Income
Miscellaneous income	22	13
Dividends from subsidiaries	1,749	430
Undistributed income of subsidiaries	7,027	7,026
Total income	8,798	7,469
Expenses
Trust preferred securities interest expense	729	420
Professional fees	116	99
Other operating expenses	57	58
Total expenses	902	577
Income before income taxes	7,896	6,892
Income tax benefit	(186)	(118)
Net income	$ 8,082	$ 7,010

PARENT CORPORATION ONLY FINAN_5

PARENT CORPORATION ONLY FINANCIAL STATEMENTS (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income	$ 8,082	$ 7,010
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net decrease in other assets	26	403
Net cash provided by (used in) operating activities	13,831	13,800
Cash flows from financing activities:
Net cash used in financing activities	(16,173)	34,501
Cash and Cash Equivalents, Beginning of the Year	60,946	92,350
Cash and Cash Equivalents, End of the Year	61,686	60,946
Parent Company [Member]
Cash flows from operating activities
Net income	8,082	7,010
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in undistributed earnings of subsidiaries	(7,027)	(7,026)
Net decrease in other assets	495	24
Net increase in other liabilities	151	(36)
Net cash provided by (used in) operating activities	1,701	(28)
Cash flows from financing activities:
Repurchase of common stock	(171)
Cash dividends paid	(1,196)
Net cash used in financing activities	(1,367)
Net increase (decrease) in cash and cash equivalents	334	(28)
Cash and Cash Equivalents, Beginning of the Year	187	215
Cash and Cash Equivalents, End of the Year	$ 521	$ 187