New Peoples Bankshares (NWPP) 10-Q 15 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 07, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	000-33411
Entity Registrant Name	NEW PEOPLES BANKSHARES, INC.
Entity Central Index Key	0001163389
Entity Tax Identification Number	31-1804543
Entity Incorporation, State or Country Code	VA
Entity Address, Address Line One	67 Commerce Drive
Entity Address, City or Town	Honaker
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24260
City Area Code	(276)
Local Phone Number	873-7000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		23,695,001

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 15,932	$ 14,596
Interest-bearing deposits with banks	72,803	50,363
Federal funds sold	114	18
Total cash and cash equivalents	88,849	64,977
Investment securities available-for-sale	89,014	89,805
Loans receivable	638,594	638,111
Allowance for credit losses	(7,406)	(7,256)
Net loans	631,188	630,855
Bank premises and equipment, net	18,140	18,265
Other real estate owned	157	157
Accrued interest receivable	3,048	3,029
Deferred taxes, net	4,943	4,461
Bank owned life insurance	4,607	4,589
Right-of-use assets – operating leases	3,738	3,852
Other assets	6,804	6,323
Total assets	850,488	826,313
Deposits:
Noninterest bearing	234,669	233,878
Interest-bearing	506,110	482,589
Total deposits	740,779	716,467
Borrowed funds	36,186	36,186
Lease liabilities – operating leases	3,738	3,852
Accrued interest payable	1,751	1,447
Accrued expenses and other liabilities	4,018	3,550
Total liabilities	786,472	761,502
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,711,787 and 23,745,900 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	47,423	47,492
Retained earnings	14,583	14,458
Accumulated other comprehensive loss	(12,488)	(11,653)
Total shareholders’ equity	64,016	64,811
Total liabilities and shareholders’ equity	$ 850,488	$ 826,313

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, shares authorized	50,000,000,000	50,000,000,000
Common stock, shares issued	23,711,787	23,745,900
Common stock, shares outstanding	23,711,787	23,745,900

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 9,213	$ 7,382
Federal funds sold	2	7
Interest-earning deposits with banks	826	533
Investments	530	560
Dividends on equity securities (restricted)	43	40
Total interest and dividend income	10,614	8,522
INTEREST EXPENSE
Deposits	3,151	1,146
Borrowed funds	533	308
Total interest expense	3,684	1,454
NET INTEREST INCOME	6,930	7,068
(RECOVERY OF) PROVISION FOR CREDIT LOSSES	(43)
NET INTEREST INCOME AFTER
(RECOVERY OF) PROVISION FOR CREDIT LOSSES	6,973	7,068
NONINTEREST INCOME
Service charges and fees	915	917
Card processing and interchange	895	899
Financial services fees	322	257
Net (loss) gain on sale and disposal of premises and equipment	(33)	129
Other noninterest income	222	197
Total noninterest income	2,321	2,399
NONINTEREST EXPENSES
Salaries and employee benefits	3,647	3,550
Occupancy and equipment expense	971	960
Data processing and telecommunications	644	641
Other operating expenses	1,715	1,719
Total noninterest expenses	6,977	6,870
INCOME BEFORE INCOME TAXES	2,317	2,597
INCOME TAX EXPENSE	531	576
NET INCOME	$ 1,786	$ 2,021
Earnings per share
Basic and diluted	$ 0.08	$ 0.08
Average Weighted Shares of Common Stock
Basic and Diluted Shares	23,736,387	23,841,162

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
NET INCOME	$ 1,786	$ 2,021
Investment securities activity
Unrealized (losses) gains arising during the period	(1,056)	2,706
Related tax benefit (expense)	221	(570)
TOTAL OTHER COMPREHENSIVE (LOSS) INCOME	(835)	2,136
TOTAL COMPREHENSIVE INCOME	$ 951	$ 4,157

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) shares in Thousands, $ 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, 2022	$ 47,697	$ 14,546	$ 8,917	$ (13,941)	$ 57,219
Beginning Balance at Dec. 31, 2022	23,848
Adoption of ASU 2016-13			(212)		(212)
Net income			2,021		2,021
Other comprehensive loss, net of tax				2,136	2,136
Cash dividend declared ($0.07 per share)			(1,430)		(1,430)
Repurchase of common stock	$ (40)	(6)			(46)
Stock Repurchased During Period, Shares	(20)
Ending balance, value at Mar. 31, 2023	$ 47,657	14,540	9,296	(11,805)	59,688
Ending balance at Mar. 31, 2023	23,828
Beginning balance, value at Dec. 31, 2023	$ 47,492	14,514	14,458	(11,653)	64,811
Beginning Balance at Dec. 31, 2023	23,746
Net income			1,786		1,786
Other comprehensive loss, net of tax				(835)	(835)
Cash dividend declared ($0.07 per share)			(1,661)		(1,661)
Repurchase of common stock	$ (69)	(16)			(85)
Stock Repurchased During Period, Shares	(34)
Ending balance, value at Mar. 31, 2024	$ 47,423	$ 14,498	$ 14,583	$ (12,488)	$ 64,016
Ending balance at Mar. 31, 2024	23,712

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,786	$ 2,021
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	424	401
(Recovery of) provision for credit losses	(43)
Income on bank owned life insurance	(18)	(14)
Gain on sale of mortgage loans	(4)	(4)
Loss (gain) on sale or disposal of premises and equipment	33	(129)
Loans originated for sale	(105)	(81)
Proceeds from sales of loans originated for sale	109	85
Net amortization/accretion of bond premiums/discounts	71	74
Deferred tax (benefit) expense	(261)	(2)
Net change in:
Accrued interest receivable	(19)	137
Other assets	(331)	(575)
Accrued interest payable	304	223
Accrued expenses and other liabilities	368	(766)
Net cash provided by operating activities	2,314	1,370
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(337)	(5,886)
Purchase of securities available-for-sale	(3,098)
Proceeds from repayments and maturities of securities available-for-sale	2,762	1,986
Net (purchase) redemption of equity securities (restricted)	(36)	10
Payments for the purchase of premises and equipment	(299)	(271)
Proceeds from sale of premises and equipment		804
Net cash used in investing activities	(1,008)	(3,357)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in noninterest bearing deposits	791	4,650
Net change in interest-bearing deposits	23,521	11,460
Dividends paid	(1,661)	(1,430)
Repurchase of common stock	(85)	(46)
Net cash provided by financing activities	22,566	14,634
Net increase in cash and cash equivalents	23,872	12,647
Cash and cash equivalents, beginning of the period	64,977	61,686
Cash and cash equivalents, end of the period	88,849	74,333
Supplemental disclosure of cash paid during the period for:
Interest	3,380	1,231
Taxes		1,225
Supplemental disclosure of non-cash transactions:
Change in unrealized losses on securities available-for-sale	$ (1,056)	$ 2,706

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	NOTE 1 NATURE OF OPERATIONS Nature of Operations –

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES These consolidated financial statements conform to U. S. generally accepted accounting principles (GAAP) and to general industry practices. In the opinion of management, the accompanying consolidated financial statements contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the Company’s financial position as of March 31, 2024 and December 31, 2023, and the results of operations for the three-month periods ended March 31, 2024 and 2023. The Notes included herein should be read in conjunction with the notes to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The results of operations for interim periods are not necessarily indicative of the results of operations that may be expected for a full year or any future period. The consolidated financial statements include New Peoples, the Bank, NPB Insurance Services, Inc., and NPB Web Services, Inc. (hereinafter, collectively referred to as the Company, we, us or our). All significant intercompany balances and transactions have been eliminated. In accordance with Accounting Standards Codification (ASC) 942, Financial Services – Depository and Lending, NPB Capital Trust I and 2 are not included in the consolidated financial statements. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The determination of the adequacy of the allowance for credit losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income. The Company’s significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in the Company’s Annual report on Form 10-K. There have been no significant changes to the application of significant accounting policies since December 31, 2023 except for the following: Accounting Standards Adopted in 2024 In March 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.” These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. ASU 2023-02 was effective for the Company on January 1, 2024. The adoption of ASU 2023-02 had no material impact on the consolidated financial statements. In March 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-01, “Leases (Topic 842): Common Control Arrangements.” These amendments require entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. ASU 2023-01 was effective for the Company on January 1, 2024. The adoption of ASU 2023-01 had no material impact on the consolidated financial statements. In June 2022, the Financial Accounting Standards Board (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. ASU 2022-03 was effective for the Company on January 1, 2024. The adoption of ASU 2022-03 had no material impact on the consolidated financial statements. In August 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-06 “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. In addition, the amendment updates the disclosure requirements for convertible instruments to increase the information transparency. ASU 2020-06 was effective for the Company on January 1, 2024. The adoption of ASU 2020-06 had no material impact on the consolidated financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE 3 EARNINGS PER SHARE Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the three-month periods ended March 31, 2024 and 2023, there were no potential common shares. Basic and diluted net income per common share calculations follows: Schedule of basic and diluted net loss per common share calculations (Dollars in thousands, except For the three months 2024 2023 Net income $ 1,786 $ 2,021 Weighted average shares outstanding 23,736,387 23,841,162 Weighted average dilutive shares outstanding 23,736,387 23,841,162 Basic and diluted earnings per share $ 0.08 $ 0.08

CAPITAL

CAPITAL	3 Months Ended
	Mar. 31, 2024
Capital
CAPITAL	NOTE 4 CAPITAL Capital Requirements and Ratios Banks and bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. To qualify as a "Small Bank Holding Company" under federal regulations, a bank must have consolidated assets of $3.0 billion or less. The primary benefit of being deemed a "Small Bank Holding Company" is the exemption from the requirement to maintain consolidated regulatory capital ratios; instead, regulatory capital ratios only apply at the subsidiary bank level. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (BASEL III rules) became fully phased in on January 1, 2019. Under the BASEL III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer required is 2.50%. At March 31, 2024, the Bank had a capital conservation buffer of 8.54%. Amounts recorded to accumulated other comprehensive income (loss) are not included in computing regulatory capital. Management believes as of March 31, 2024, the Bank met all capital adequacy requirements to which it was subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At March 31, 2024, the most recent regulatory notifications categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution's category. In February 2019, the U.S. federal bank regulatory agencies approved a final rule modifying their regulatory capital rules and providing an option to phase in over a three-year period the Day 1 adverse regulatory capital effects of the Current Expected Credit Loss (“CECL”) accounting standard. Additionally, in March 2020, the U.S. federal bank regulatory agencies issued an interim final rule that provides banking organizations an option to delay the estimated CECL impact on regulatory capital for an additional two years for a total transition period of up to five years. The final rule was adopted and became effective in September 2020. The Company implemented the CECL model commencing January 1, 2023, and elected not to phase in the effect of CECL on regulatory capital. The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2024 and December 31, 2023, respectively. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2024: Total capital to risk weighted assets 99,231 16.54 % $ 48,002 8.00 % $ 60,003 10.00 % Tier 1 capital to risk weighted assets 91,729 15.29 % 36,002 6.00 % 48,002 8.00 % Tier 1 capital to average assets 91,729 10.81 % 33,955 4.00 % 42,444 5.00 % Common equity Tier 1 capital to risk weighted assets 91,729 15.29 % 27,001 4.50 % 39,002 6.50 % December 31, 2023: Total capital to risk weighted assets 99,246 16.58 % $ 47,873 8.00 % $ 59,842 10.00 % Tier 1 capital to risk weighted assets 91,765 15.33 % 35,905 6.00 % 47,873 8.00 % Tier 1 capital to average assets 91,765 11.11 % 33,040 4.00 % 41,300 5.00 % Common equity Tier 1 capital to risk weighted assets 91,765 15.33 % 26,929 4.50 % 38,897 6.50 %

INVESTMENT SECURITIES

INVESTMENT SECURITIES	3 Months Ended
	Mar. 31, 2024
Investment securities activity
INVESTMENT SECURITIES	NOTE 5 INVESTMENT SECURITIES The amortized cost and estimated fair value of available-for-sale (“AFS”) securities as of March 31, 2024 and December 31, 2023 are as follows: Schedule of securities amortized cost and estimated fair value Gross Gross Approximate Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value March 31, 2024 U.S. Treasuries $ 10,637 $ — $ 663 $ 9,974 U.S. Government Agencies 9,668 10 676 9,002 Taxable municipals 22,961 — 5,329 17,632 Corporate bonds 3,000 — 265 2,735 Mortgage backed securities 58,555 2 8,886 49,671 Total securities available-for-sale $ 104,821 $ 12 $ 15,819 $ 89,014 December 31, 2023 U.S. Treasuries $ 11,643 $ — $ 658 $ 10,985 U.S. Government Agencies 9,412 23 624 8,811 Taxable municipals 22,973 — 5,114 17,859 Corporate bonds 3,002 1 315 2,688 Mortgage backed securities 57,526 — 8,064 49,462 Total securities available-for-sale $ 104,556 $ 24 $ 14,775 $ 89,805 The following table details unrealized losses and related fair values in the AFS portfolio. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of March 31, 2024 and December 31, 2023. Schedule of fair value and gross unrealized losses on investment securities Less than 12 Months 12 Months or More Total (Dollars in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized March 31, 2024 U. S. Treasuries $ — $ — $ 9,974 $ 663 $ 9,974 $ 663 U.S. Government Agencies 90 1 7,799 675 7,889 676 Taxable municipals — — 17,632 5,329 17,632 5,329 Corporate bonds 495 4 2,240 261 2,735 265 Mortgage backed securities 1,657 19 47,072 8,867 48,729 8,886 Total securities available-for-sale $ 2,242 $ 24 $ 84,717 $ 15,795 $ 86,959 $ 15,819 December 31, 2023 U.S. Treasuries $ — $ — $ 10,985 $ 658 $ 10,985 $ 658 U.S. Government Agencies 42 — 8,123 624 8,165 624 Taxable municipals 485 16 17,374 5,098 17,859 5,114 Corporate bonds — — 2,187 315 2,187 315 Mortgage backed securities — — 49,413 8,064 49,413 8,064 Total securities available-for-sale $ 527 $ 16 $ 88,082 $ 14,759 $ 88,609 $ 14,775 As of March 31, 2024, there were 212 securities in a loss position, of which 209 have been in a loss position for twelve months or more. Management believes that all unrealized losses have resulted from temporary changes in the interest rates and current market conditions and are not a result of credit deterioration. Management does not plan to sell, and it is not likely that the Bank will be required to sell any of the securities referenced in the table above before recovery of their amortized cost. None of the individual securities are past due as to principal or interest payments and a number of these securities have explicit or implicit payment guarantees. The remaining securities have credit ratings at or above that necessary to be considered “bank qualified.” Investment securities with a carrying value of $36.0 million and $36.8 million as of March 31, 2024 and December 31, 2023, respectively, were pledged as collateral to secure public deposits and for other purposes required or permitted by law. There were no sales of available-for-sale investment securities during the three months ended March 31, 2024 and 2023. The amortized cost and fair value of investment securities as of March 31, 2024, by contractual maturity, are shown in the following schedule. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Schedule of amortized cost and fair value of investment securities contractual maturity Weighted (Dollars in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ 5,045 $ 4,935 1.99 Due after one year through five years 12,329 11,531 2.08 Due after five years through ten years 18,939 16,840 2.70 Due after ten years 68,508 55,708 1.94 Total $ 104,821 $ 89,014 2.10 The Bank, as a member bank of the Federal Reserve Bank of Richmond (“Federal Reserve Bank”) and the Federal Home Loan Bank of Atlanta (FHLB), is required to hold stock in each. The Bank also owns stock in CBB Financial Corp., which is a correspondent of the Bank. These equity securities, which are included in other assets on the consolidated balance sheet, are restricted from trading and are recorded at a cost of $2.7 million and $2.7 million as of March 31, 2024 and December 31, 2023, respectively. The stock has no quoted market value and no ready market exists. When evaluating these securities for impairment, their value is determined based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. Equity securities are viewed as long-term investments and management believes the Company has the ability and the intent to hold these securities until their value is recovered.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans receivable outstanding as of March 31, 2024, and December 31, 2023, are summarized as follows: Summary of loans receivable outstanding (Dollars in thousands) March 31, December 31, 2023 Real estate secured: Commercial $ 239,600 $ 240,187 Construction and land development 29,475 28,830 Residential 1-4 family 237,425 238,233 Multifamily 34,494 34,571 Farmland 16,455 16,401 Total real estate loans 557,449 558,222 Commercial 52,063 53,230 Agriculture 3,607 3,508 Consumer installment loans 25,058 22,639 All other loans 417 512 Total loans $ 638,594 $ 638,111 Also included in total loans above are deferred loan fees of $1.8 million and $1.8 million as of March 31, 2024 and December 31, 2023, respectively. Deferred loan costs were $2.0 million and $2.0 million, as of March 31, 2024 and December 31, 2023, respectively. Income from net deferred fees and costs is recognized over the lives of the respective loans as a yield adjustment. If loans repay prior to scheduled maturities any unamortized fee or costs is recognized at that time. Loans receivable on nonaccrual status as of March 31, 2024, and December 31, 2023, are summarized as follows: Summary of loans receivable on nonaccrual status March 31, 2024 December 31, 2023 With No Allowance With an Allowance Total With No Allowance With an Allowance Total (Dollars in thousands) Real estate secured: Commercial $ 2,096 $ 142 $ 2,238 $ 544 $ 268 $ 812 Residential 1-4 family 3,002 — 3,002 2,495 — 2,495 Multifamily 179 — 179 199 — 199 Total real estate loans 5,277 142 5,419 3,238 268 3,506 Commercial — 98 98 — — — Consumer installment loans and other loans 32 — 32 28 — 28 Total loans receivable on nonaccrual status $ 5,309 $ 240 $ 5,549 $ 3,266 $ 268 $ 3,534 Total interest income not recognized on nonaccrual loans for the three months ended March 31, 2024, and March 31, 2023, was $26,000 and $13,000, respectively. The Company evaluates loans that do not share risk characteristics on an individual basis utilizing the collateral or discounted cash flow methods. The following table presents the unpaid principal balance of collateral dependent loans, which are individually evaluated to determine expected credit losses, and the related ACL allocated to those loans as March 31, 2024 and December 31, 2023: Schedule of summary of impaired loans March 31, 2024 December 31, 2023 Unpaid Principal Balance Related Allowance Unpaid Principal Balance Related Allowance (Dollars in thousands) Real estate secured: Commercial $ 2,550 $ 1 $ 812 $ 64 Residential 1-4 family 307 — 312 — Total real estate loans 2,857 1 1,124 64 Commercial 241 111 — — Total $ 3,098 $ 112 $ 1,124 $ 64 The following table is an age analysis of past due loans receivable as of March 31, 2024, segregated by class: March 31, 2024 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 1,305 $ 337 $ 268 $ 1,910 $ 237,690 $ 239,600 Construction and land 5 — — 5 29,470 29,475 Residential 1-4 family 2,371 664 792 3,827 233,598 237,425 Multifamily — — — — 34,494 34,494 Farmland 301 — — 301 16,154 16,455 Total real estate loans 3,982 1,001 1,060 6,043 551,406 557,449 Commercial 490 — — 490 51,573 52,063 Agriculture — — — — 3,607 3,607 Consumer installment 112 71 5 188 24,870 25,058 All other loans — — — — 417 417 Total loans $ 4,584 $ 1,072 $ 1,065 $ 6,721 $ 631,873 $ 638,594 The following table is an age analysis of past due loans receivable as of December 31, 2023, segregated by class: December 31, 2023 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 878 $ — $ 268 $ 1,146 $ 239,041 $ 240,187 Construction and land 85 4 — 89 28,741 28,830 Residential 1-4 family 2,628 1,119 886 4,633 233,600 238,233 Multifamily — — 199 199 34,372 34,571 Farmland — — — — 16,401 16,401 Total real estate loans 3,591 1,123 1,353 6,067 552,155 558,222 Commercial — 20 — 20 53,210 53,230 Agriculture 8 — — 8 3,500 3,508 Consumer installment 140 11 1 152 22,487 22,639 All other loans — — — — 512 512 Total loans $ 3,739 $ 1,154 $ 1,354 $ 6,247 $ 631,864 $ 638,111 The Company categorizes loans receivable into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans receivable as to credit risk. The Company uses the following definitions for risk ratings: Pass Special Mention Substandard A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful Loans classified doubtful have all the weaknesses inherent in loans classified as substandard, plus the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. The following table presents the credit risk grade of loans by origination year as of March 31, 2024: As of March 31, 2024 (Dollars are in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial real estate Pass $ 2,769 $ 46,559 $ 49,038 $ 48,397 $ 27,901 $ 61,331 $ 965 $ 236,960 Special mention — — — — — 362 — 362 Substandard — — — 1,166 313 799 — 2,278 Total commercial real estate $ 2,769 $ 46,559 $ 49,038 $ 49,563 $ 28,214 $ 62,492 $ 965 $ 239,600 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and Land Development Pass $ 1,365 $ 12,980 $ 3,841 $ 4,739 $ 2,468 $ 4,082 $ — $ 29,475 Special mention — — — — — — — — Substandard — — — — — — — — Total construction and land development $ 1,365 $ 12,980 $ 3,841 $ 4,739 $ 2,468 $ 4,082 $ — $ 29,475 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential 1-4 family Pass $ 5,957 $ 27,646 $ 32,317 $ 40,234 $ 13,139 $ 91,408 $ 23,855 $ 234,556 Special mention — — — — — 254 — 254 Substandard — 87 — 123 — 2,271 134 2,615 Total residential 1-4 family $ 5,957 $ 27,733 $ 32,317 $ 40,357 $ 13,139 $ 93,933 $ 23,989 $ 237,425 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 597 $ 6,262 $ 10,482 $ 7,997 $ 2,596 $ 6,381 $ — $ 34,315 Special mention — — — — — — — — Substandard — 54 — — — 125 — 179 Total multifamily $ 597 $ 6,316 $ 10,482 $ 7,997 $ 2,596 $ 6,506 $ — $ 34,494 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass $ 413 $ 1,795 $ 2,251 $ 3,330 $ 768 $ 7,734 $ — $ 16,291 Special mention — — — — — 164 — 164 Substandard — — — — — — — — Total farmland $ 413 $ 1,795 $ 2,251 $ 3,330 $ 768 $ 7,898 $ — $ 16,455 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 4,822 $ 17,921 $ 7,729 $ 5,084 $ 1,434 $ 3,076 $ 11,819 $ 51,885 Special mention — — — — — 3 — 3 Substandard — 77 98 — — — — 175 Total commercial $ 4,822 $ 17,998 $ 7,827 $ 5,084 $ 1,434 $ 3,079 $ 11,819 $ 52,063 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Agriculture Pass $ 168 $ 515 $ 483 $ 337 $ 103 $ 591 $ 1,392 $ 3,589 Special mention — — — — — — — — Substandard — — — — — 18 — 18 Total agriculture $ 168 $ 515 $ 483 $ 337 $ 103 $ 609 $ 1,392 $ 3,607 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and All Other Pass $ 5,176 $ 10,818 $ 4,175 $ 2,041 $ 762 $ 1,239 $ 1,249 $ 25,460 Special mention — — 1 — — — — 1 Substandard 6 5 — 1 2 — — 14 Total consumer and all other $ 5,182 $ 10,823 $ 4,176 $ 2,042 $ 764 $ 1,239 $ 1,249 $ 25,475 Current period gross charge-offs $ (46 ) $ (10 ) $ (2 ) $ (6 ) $ — $ — $ (6 ) $ (70 ) Total $ 21,273 $ 124,719 $ 110,415 $ 113,449 $ 49,486 $ 179,838 $ 39,414 $ 638,594 Total current period gross charge-offs $ (46 ) $ (10 ) $ (2 ) $ (6 ) $ — $ — $ (6 ) $ (70 ) The following table presents the credit risk grade of loans by origination year as of December 31, 2023: As of December 31, 2023 (Dollars are in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Commercial real estate Pass $ 46,616 $ 49,061 $ 48,943 $ 28,651 $ 20,004 $ 43,524 $ 997 $ 237,796 Special mention - - 1,171 314 - 92 - 1,577 Substandard - - - - 429 385 - 814 Total commercial real estate $ 46,616 $ 49,061 $ 50,114 $ 28,965 $ 20,433 $ 44,001 $ 997 $ 240,187 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Construction and Land Development Pass $ 12,043 $ 5,990 $ 4,738 $ 2,521 $ 1,799 $ 1,637 $ - $ 28,728 Special mention - - - - - 102 - 102 Substandard - - - - - - - - Total construction and land development $ 12,043 $ 5,990 $ 4,738 $ 2,521 $ 1,799 $ 1,739 $ - $ 28,830 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Residential 1-4 family Pass $ 29,006 $ 33,986 $ 41,214 $ 13,566 $ 13,662 $ 80,087 $ 23,553 $ 235,074 Special mention - - - - - 259 - 259 Substandard 87 - 49 - 38 2,662 64 2,900 Total residential 1-4 family $ 29,093 $ 33,986 $ 41,263 $ 13,566 $ 13,700 $ 83,008 $ 23,617 $ 238,233 Current period gross charge-offs $ - $ - $ (30) $ - $ - $ (21) $ - $ (51) Multifamily Pass $ 5,779 $ 11,483 $ 7,965 $ 2,626 $ 1,081 $ 5,438 $ - $ 34,372 Special mention - - - - - - - - Substandard - - - - - 199 - 199 Total multifamily $ 5,779 $ 11,483 $ 7,965 $ 2,626 $ 1,081 $ 5,637 $ - $ 34,571 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 1,807 $ 2,222 $ 3,414 $ 776 $ 1,205 $ 6,793 $ - $ 16,217 Special mention - - - - - 184 - 184 Substandard - - - - - - - - Total farmland $ 1,807 $ 2,222 $ 3,414 $ 776 $ 1,205 $ 6,977 $ - $ 16,401 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Pass $ 19,306 $ 10,228 $ 5,638 $ 1,591 $ 2,167 $ 1,342 $ 12,777 $ 53,049 Special mention 78 100 - - - 3 - 181 Substandard - - - - - - - - Total commercial $ 19,384 $ 10,328 $ 5,638 $ 1,591 $ 2,167 $ 1,345 $ 12,777 $ 53,230 Current period gross charge-offs $ - $ (5) $ (14) $ - $ (26) $ - $ - $ (45) Agriculture Pass $ 565 $ 518 $ 347 $ 127 $ 67 $ 649 $ 1,217 $ 3,490 Special mention - - - - - - - - Substandard - - - - - 18 - 18 Total agriculture $ 565 $ 518 $ 347 $ 127 $ 67 $ 667 $ 1,217 $ 3,508 Current period gross charge-offs $ - $ - $ - $ - $ - $ (59) $ - $ (59) Consumer and All Other Pass $ 12,352 $ 4,822 $ 2,408 $ 864 $ 594 $ 761 $ 1,339 $ 23,140 Special mention - 1 - - - - - 1 Substandard 4 - 1 3 1 1 - 10 Total consumer and all other $ 12,356 $ 4,823 $ 2,409 $ 867 $ 595 $ 762 $ 1,339 $ 23,151 Current period gross charge-offs $ (198) $ (49) $ (13) $ - $ - $ (2) $ (59) $ (321) Total $ 127,643 $ 118,411 $ 115,888 $ 51,039 $ 41,047 $ 144,136 $ 39,947 $ 638,111 Total current period gross charge-offs $ (198) $ (54) $ (57) $ - $ (26) $ (82) $ (59) $ (476)

ALLOWANCE FOR CREDIT LOSSES FOR

ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”)	NOTE 7 ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”) In determining the amount of our allowance for credit losses, we rely on an analysis of our loan portfolio, our experience and our evaluation of general economic conditions. If our assumptions prove to be incorrect, our current allowance may not be sufficient to cover future loan losses and we may experience significant increases to our provision. The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023: Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2024 Beginning balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256 Charge-offs - - - - - - - (70) - (70) Recoveries 26 15 9 - 117 - - 49 - 216 Provision for credit losses (44) (20) 74 (20) (118) 50 3 79 - 4 Ending balance $ 2,500 $ 295 $ 2,749 $ 489 $ 162 $ 723 $ 36 $ 452 $ - $ 7,406 (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, 2023 Beginning balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Adjustment to allowance for adoption of ASU 2016-13 (299) 164 275 12 75 241 (5) (103) (440) (80) Charge-offs - - (51) - - (45) (59) (321) - (476) Recoveries - 35 37 111 - 19 5 166 - 373 Provision for credit losses 453 (244) 41 124 (65) 77 60 266 - 712 Ending balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256 Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories.

MODIFICATIONS MADE TO BORROWERS

MODIFICATIONS MADE TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY	3 Months Ended
	Mar. 31, 2024
Modifications Made To Borrowers Experiencing Financial Difficulty
MODIFICATIONS MADE TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY	NOTE 8 MODIFICATIONS MADE TO BORROWERS EXPERIENCING FINANCIAL DIFFICULTY The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a discounted cash flow methodology to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. There were no loans modified to borrowers experiencing financial difficulty in the three months ended March 31, 2024 and March 31, 2023, respectively. Additionally, there were no loans that had a payment default during the three months ended March 31, 2024 and March 31, 2023, respectively that were modified in the previous 12 months.

CREDIT ALLOWANCE FOR UNFUNDED C

CREDIT ALLOWANCE FOR UNFUNDED COMMITMENT	3 Months Ended
	Mar. 31, 2024
Credit Allowance For Unfunded Commitment
CREDIT ALLOWANCE FOR UNFUNDED COMMITMENT	NOTE 9 CREDIT ALLOWANCE FOR UNFUNDED COMMITMENT The Company maintains a separate allowance for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The allowance for credit losses for off-balance-sheet credit exposures is adjusted through a provision for credit losses in the income statement. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. As of March 31, 2024 and December 31, 2023, the liability for credit losses on off-balance-sheet credit exposures included in other liabilities was $238,000 and $285,000, respectively. During the three months ended March 31, 2024, a recovery totaling $47,000 was included in the (Recovery of) Provision for Credit Losses.

OTHER REAL ESTATE OWNE

OTHER REAL ESTATE OWNE	3 Months Ended
	Mar. 31, 2024
Other Real Estate Owne
OTHER REAL ESTATE OWNE	NOTE 10 OTHER REAL ESTATE OWNE The following table summarizes the activity in other real estate owned for the three months ended March 31, 2024, and the year ended December 31, 2023: (Dollars in thousands) March 31, December 31, 2023 Balance, beginning of period $ 157 $ 261 Additions — 124 Proceeds from sales — (132 ) Net gains from sales — (96 ) Balance, end of period $ 157 $ 157 As of March 31, 2024 six loans totaling $516,000 were in the process of foreclosure, of which five loans totaling $242,000 were secured by residential real estate.

FAIR VALUES

FAIR VALUES	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUES	NOTE 11 FAIR VALUES The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures topic of Financial Accounting Standards Board (the FASB) ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market and in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company's various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in the principal or most advantageous market and in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1: Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2: Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are valued using other financial instruments, the parameters of which can be directly observed. Level 3: Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy are as follows: Investment Securities Available-for-sale - Investment securities available-for-sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices. The Company’s available-for-sale securities, totaling $89.0 million and $89.8 million as of March 31, 2024 and December 31, 2023, respectively, are the only assets whose fair values are measured on a recurring basis using Level 2 inputs from an independent pricing service. Collateral Dependent Loans with an ACL - In accordance with ASC 326, we may determine that an individual loan exhibits unique risk characteristics which differentiate it from other loans within our loan pools. In such cases, the loans are evaluated for expected credit losses on an individual basis and excluded from the collective evaluation. Specific allocations of the allowance for credit losses are determined by analyzing the borrower's ability to repay amounts owed, collateral deficiencies, the relative risk grade of the loan and economic conditions affecting the borrower's industry, among other things. A loan is considered to be collateral dependent when, based upon management's assessment, the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. In such cases, expected credit losses are based on the fair value of the collateral at the measurement date, adjusted for estimated selling costs if satisfaction of the loan depends on the sale of the collateral. We reevaluate the fair value of collateral supporting collateral dependent loans on a quarterly basis. The fair value of real estate collateral supporting collateral dependent loans is evaluated by appraisal services using a methodology that is consistent with the Uniform Standards of Professional Appraisal Practice. Other Real Estate Owned –Other real estate owned is adjusted to fair value upon transfer of the loans, or former bank premises, to other real estate owned. These assets are carried at the lower of their carrying value or fair value. Fair value is based upon observable market prices, when available, reduced by estimated disposition costs, which the Company considers to be nonrecurring Level 2 inputs. When observable market prices are not available, management determines the fair value of the foreclosed asset using independent third-party appraisals, evaluated to determine whether or not the property is further impaired below the appraised value, and adjusts for estimated costs of disposition. The Company records foreclosed assets as nonrecurring Level 3. Assets and liabilities measured at fair value are as follows as of March 31, 2024 and December 31, 2023: March 31, 2024 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 9,974 $ — U.S. Government Agencies — 9,002 — Taxable municipals — 17,632 — Corporate bonds — 2,735 — Mortgage-backed securities — 49,671 — (On a non-recurring basis) — — 157 Collateral dependent loans with ACL: Commercial real estate — — 141 Commercial 132 Total $ — $ 89,014 $ 430 December 31, 2023 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 10,985 — U.S. Government Agencies — 8,811 $ — Taxable municipals — 17,859 — Corporate bonds — 2,688 — Mortgage-backed securities — 49,462 — (On a non-recurring basis) — — 157 Collateral dependent loans with ACL: Commercial real estate — — 204 Total $ — $ 89,805 $ 361 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of March 31, 2024 and December 31, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at March 31, 2024 Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Collateral dependent loans with ACL: Commercial real estate $ 141 $ 204 Apprised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Commercial 132 - Appraised Value/Other estimates from Independent Sources Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 157 $ 157 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 18 Fair Value of Financial Instruments Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. The following summary presents the methodologies and assumptions used to estimate the fair value of the Company’s financial instruments presented below. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis as of March 31, 2024, and December 31, 2023, are as follows: Fair Value Measurements (Dollars in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs March 31, 2024 Financial instruments – assets Net loans $ 631,188 $ 604,185 $ — $ — $ 604,185 Financial instruments – liabilities Time deposits 224,841 221,937 — 221,937 — Borrowed funds 36,186 34,095 — 34,095 — December 31, 2023 Financial instruments – assets Net loans $ 630,855 $ 604,736 $ — $ — $ 604,736 Financial instruments – liabilities Time deposits 252,316 249,941 — 249,941 — Borrowed funds 36,186 34,046 — 34,046 — Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions can significantly affect the estimates. Estimated fair values have been determined by the Company using historical data, as generally provided in the Company’s regulatory reports, and an estimation methodology suitable for each category of financial instruments. The Company’s fair value estimates, methods and assumptions are set forth below for the Company’s other financial instruments. The carrying values of cash and due from banks, federal funds sold, bank owned life insurance, deposits with no stated maturities, and accrued interest approximates fair value and are excluded from the table above.

LEASING ACTIVITIES

LEASING ACTIVITIES	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
LEASING ACTIVITIES	NOTE 12 LEASING ACTIVITIES As of March 31, 2024, the Bank leases four branch offices, one administrative office 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 March 31, 2024 was 9.10 years. The discount rate used in determining the lease liability for each individual lease was the FHLB fixed advance rate which corresponded to the lease term for each transaction. This methodology is expected to be used for any other subsequent lease agreements. The weighted average discount rate for the leases as of March 31, 2024 was 3.37%. For the three months ended March 31, 2024 and 2023, operating lease expenses were $140,000 and $114,000, respectively. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. As of March 31, 2024, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2024 $ 417 2025 557 2026 557 2027 578 2028 584 Thereafter 1,737 Total lease payments 4,430 Less: imputed interest (692 ) Total $ 3,738

BORROWED FUNDS

BORROWED FUNDS	3 Months Ended
	Mar. 31, 2024
Borrowed Funds
BORROWED FUNDS	NOTE 13 BORROWED FUNDS Borrowed funds totaled $36,186 and $36,186 as of March 31, 2024 and December 31, 2023, respectively. For additional information on borrowed funds, refer to Note 18 in Item 8 of Form 10-K for the year ended December 31, 2023.

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	3 Months Ended
	Mar. 31, 2024
Revenue From Contracts With Customers
REVENUE FROM CONTRACTS WITH CUSTOMERS	NOTE 14 REVENUE FROM CONTRACTS WITH CUSTOMERS All our revenue from contracts with customers as defined in ASC 606 is recognized within noninterest income. Refer to Note 24 in our Annual Report on Form 10-K for the year ended December 31, 2023 for a description of how each revenue stream is accounted for under ASC 606. The following table presents noninterest income by revenue stream for the three months ended March 31, 2024 and 2023: Schedule of revenue from contracts with customers For the three months ended March 31, (Dollars in thousands) 2024 2023 Service charges and fees 915 $ 917 Card processing and interchange income 895 899 Insurance and investment fees 322 257 Other noninterest income 189 326 Total noninterest income 2,321 $ 2,399

NONINTEREST EXPENSES

NONINTEREST EXPENSES	3 Months Ended
	Mar. 31, 2024
Noninterest Expenses
NONINTEREST EXPENSES	NOTE 15 NONINTEREST EXPENSES Other operating expenses, included as part of noninterest expenses, consisted of the following for the periods presented: Schedule of noninterest expenses For the three months ended (Dollars in thousands) 2024 2023 Other operating expenses $ 780 $ 727 ATM network expense 376 360 Legal, accounting, and professional fees 234 280 Loan related expenses 94 88 FDIC insurance premiums 92 88 Advertising 53 37 Printing and supplies 42 42 Consulting fees 40 91 Other real estate owned expenses, net 4 6 Total other operating expenses $ 1,715 $ 1,719

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 16 RECENT ACCOUNTING DEVELOPMENTS The following is a summary of recent authoritative announcements: In July 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718)”. This ASU amends the FASB Accounting Standards Codification for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements. In October 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative”. This ASU incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. In December 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this ASU require an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, which is greater than five percent of the amount computed by multiplying pretax income by the entity’s applicable statutory rate, on an annual basis. Additionally, the amendments in this ASU require an entity to disclose the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions that are equal to or greater than five percent of total income taxes paid (net of refunds received). Lastly, the amendments in this ASU require an entity to disclose income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign and income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis; however, retrospective application is permitted. The Company does not expect the adoption of ASU 2023-09 to have a material impact on its consolidated financial statements. In March 2024, the Financial Accounting Standards Board (FASB) issued ASU 2024-02, “Codification Improvements – Amendments to Remove References to the Concepts Statements”. This ASU contains amendments to the Codification that remove references to various Concepts Statements. In most instances, the references are extraneous and not required to understand or apply the guidance. In other instances, the references were used in prior Statements to provide guidance in certain topical areas. This ASU is effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied prospectively to all new transactions recognized on or after the date that the entity first applies the amendments or retrospectively to the beginning of the earliest comparative period presented in which the amendments were first applied. If an entity adopts the amendments retrospectively, it should adjust the opening balance of retained earnings as of the beginning of the earliest comparative period presented. The Company does not expect the adoption of ASU 2024-02 to have a material impact on its consolidated financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s financial position, results of operations or cash flows.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Accounting Standards Adopted in 2024	Accounting Standards Adopted in 2024 In March 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method.” These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. ASU 2023-02 was effective for the Company on January 1, 2024. The adoption of ASU 2023-02 had no material impact on the consolidated financial statements. In March 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-01, “Leases (Topic 842): Common Control Arrangements.” These amendments require entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. ASU 2023-01 was effective for the Company on January 1, 2024. The adoption of ASU 2023-01 had no material impact on the consolidated financial statements. In June 2022, the Financial Accounting Standards Board (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. ASU 2022-03 was effective for the Company on January 1, 2024. The adoption of ASU 2022-03 had no material impact on the consolidated financial statements. In August 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-06 “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no separate accounting for embedded conversion features. The ASU removes certain settlement conditions that are required for equity contracts to qualify for the derivative scope exception, which will permit more equity contracts to qualify for it. The ASU also simplifies the diluted earnings per share (EPS) calculation in certain areas. In addition, the amendment updates the disclosure requirements for convertible instruments to increase the information transparency. ASU 2020-06 was effective for the Company on January 1, 2024. The adoption of ASU 2020-06 had no material impact on the consolidated financial statements.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
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 (Dollars in thousands, except For the three months 2024 2023 Net income $ 1,786 $ 2,021 Weighted average shares outstanding 23,736,387 23,841,162 Weighted average dilutive shares outstanding 23,736,387 23,841,162 Basic and diluted earnings per share $ 0.08 $ 0.08

CAPITAL (Tables)

CAPITAL (Tables)	3 Months Ended
	Mar. 31, 2024
Capital
The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2024 and December 31, 2023, respectively.	The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2024 and December 31, 2023, respectively. Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio March 31, 2024: Total capital to risk weighted assets 99,231 16.54 % $ 48,002 8.00 % $ 60,003 10.00 % Tier 1 capital to risk weighted assets 91,729 15.29 % 36,002 6.00 % 48,002 8.00 % Tier 1 capital to average assets 91,729 10.81 % 33,955 4.00 % 42,444 5.00 % Common equity Tier 1 capital to risk weighted assets 91,729 15.29 % 27,001 4.50 % 39,002 6.50 % December 31, 2023: Total capital to risk weighted assets 99,246 16.58 % $ 47,873 8.00 % $ 59,842 10.00 % Tier 1 capital to risk weighted assets 91,765 15.33 % 35,905 6.00 % 47,873 8.00 % Tier 1 capital to average assets 91,765 11.11 % 33,040 4.00 % 41,300 5.00 % Common equity Tier 1 capital to risk weighted assets 91,765 15.33 % 26,929 4.50 % 38,897 6.50 %

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
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 in thousands) Cost Gains Losses Value March 31, 2024 U.S. Treasuries $ 10,637 $ — $ 663 $ 9,974 U.S. Government Agencies 9,668 10 676 9,002 Taxable municipals 22,961 — 5,329 17,632 Corporate bonds 3,000 — 265 2,735 Mortgage backed securities 58,555 2 8,886 49,671 Total securities available-for-sale $ 104,821 $ 12 $ 15,819 $ 89,014 December 31, 2023 U.S. Treasuries $ 11,643 $ — $ 658 $ 10,985 U.S. Government Agencies 9,412 23 624 8,811 Taxable municipals 22,973 — 5,114 17,859 Corporate bonds 3,002 1 315 2,688 Mortgage backed securities 57,526 — 8,064 49,462 Total securities available-for-sale $ 104,556 $ 24 $ 14,775 $ 89,805
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 in thousands) Fair Value Unrealized Fair Unrealized Fair Unrealized March 31, 2024 U. S. Treasuries $ — $ — $ 9,974 $ 663 $ 9,974 $ 663 U.S. Government Agencies 90 1 7,799 675 7,889 676 Taxable municipals — — 17,632 5,329 17,632 5,329 Corporate bonds 495 4 2,240 261 2,735 265 Mortgage backed securities 1,657 19 47,072 8,867 48,729 8,886 Total securities available-for-sale $ 2,242 $ 24 $ 84,717 $ 15,795 $ 86,959 $ 15,819 December 31, 2023 U.S. Treasuries $ — $ — $ 10,985 $ 658 $ 10,985 $ 658 U.S. Government Agencies 42 — 8,123 624 8,165 624 Taxable municipals 485 16 17,374 5,098 17,859 5,114 Corporate bonds — — 2,187 315 2,187 315 Mortgage backed securities — — 49,413 8,064 49,413 8,064 Total securities available-for-sale $ 527 $ 16 $ 88,082 $ 14,759 $ 88,609 $ 14,775
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 in thousands) Amortized Fair Average Securities Available-for-Sale Cost Value Yield Due in one year or less $ 5,045 $ 4,935 1.99 Due after one year through five years 12,329 11,531 2.08 Due after five years through ten years 18,939 16,840 2.70 Due after ten years 68,508 55,708 1.94 Total $ 104,821 $ 89,014 2.10

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Summary of loans receivable outstanding	Summary of loans receivable outstanding (Dollars in thousands) March 31, December 31, 2023 Real estate secured: Commercial $ 239,600 $ 240,187 Construction and land development 29,475 28,830 Residential 1-4 family 237,425 238,233 Multifamily 34,494 34,571 Farmland 16,455 16,401 Total real estate loans 557,449 558,222 Commercial 52,063 53,230 Agriculture 3,607 3,508 Consumer installment loans 25,058 22,639 All other loans 417 512 Total loans $ 638,594 $ 638,111
Summary of loans receivable on nonaccrual status	Summary of loans receivable on nonaccrual status March 31, 2024 December 31, 2023 With No Allowance With an Allowance Total With No Allowance With an Allowance Total (Dollars in thousands) Real estate secured: Commercial $ 2,096 $ 142 $ 2,238 $ 544 $ 268 $ 812 Residential 1-4 family 3,002 — 3,002 2,495 — 2,495 Multifamily 179 — 179 199 — 199 Total real estate loans 5,277 142 5,419 3,238 268 3,506 Commercial — 98 98 — — — Consumer installment loans and other loans 32 — 32 28 — 28 Total loans receivable on nonaccrual status $ 5,309 $ 240 $ 5,549 $ 3,266 $ 268 $ 3,534
Schedule of summary of impaired loans	Schedule of summary of impaired loans March 31, 2024 December 31, 2023 Unpaid Principal Balance Related Allowance Unpaid Principal Balance Related Allowance (Dollars in thousands) Real estate secured: Commercial $ 2,550 $ 1 $ 812 $ 64 Residential 1-4 family 307 — 312 — Total real estate loans 2,857 1 1,124 64 Commercial 241 111 — — Total $ 3,098 $ 112 $ 1,124 $ 64
The following table is an age analysis of past due loans receivable as of March 31, 2024, segregated by class:	The following table is an age analysis of past due loans receivable as of March 31, 2024, segregated by class: March 31, 2024 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 1,305 $ 337 $ 268 $ 1,910 $ 237,690 $ 239,600 Construction and land 5 — — 5 29,470 29,475 Residential 1-4 family 2,371 664 792 3,827 233,598 237,425 Multifamily — — — — 34,494 34,494 Farmland 301 — — 301 16,154 16,455 Total real estate loans 3,982 1,001 1,060 6,043 551,406 557,449 Commercial 490 — — 490 51,573 52,063 Agriculture — — — — 3,607 3,607 Consumer installment 112 71 5 188 24,870 25,058 All other loans — — — — 417 417 Total loans $ 4,584 $ 1,072 $ 1,065 $ 6,721 $ 631,873 $ 638,594 The following table is an age analysis of past due loans receivable as of December 31, 2023, segregated by class: December 31, 2023 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 878 $ — $ 268 $ 1,146 $ 239,041 $ 240,187 Construction and land 85 4 — 89 28,741 28,830 Residential 1-4 family 2,628 1,119 886 4,633 233,600 238,233 Multifamily — — 199 199 34,372 34,571 Farmland — — — — 16,401 16,401 Total real estate loans 3,591 1,123 1,353 6,067 552,155 558,222 Commercial — 20 — 20 53,210 53,230 Agriculture 8 — — 8 3,500 3,508 Consumer installment 140 11 1 152 22,487 22,639 All other loans — — — — 512 512 Total loans $ 3,739 $ 1,154 $ 1,354 $ 6,247 $ 631,864 $ 638,111
The following table presents the credit risk grade of loans by origination year as of March 31, 2024:	The following table presents the credit risk grade of loans by origination year as of March 31, 2024: As of March 31, 2024 (Dollars are in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial real estate Pass $ 2,769 $ 46,559 $ 49,038 $ 48,397 $ 27,901 $ 61,331 $ 965 $ 236,960 Special mention — — — — — 362 — 362 Substandard — — — 1,166 313 799 — 2,278 Total commercial real estate $ 2,769 $ 46,559 $ 49,038 $ 49,563 $ 28,214 $ 62,492 $ 965 $ 239,600 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Construction and Land Development Pass $ 1,365 $ 12,980 $ 3,841 $ 4,739 $ 2,468 $ 4,082 $ — $ 29,475 Special mention — — — — — — — — Substandard — — — — — — — — Total construction and land development $ 1,365 $ 12,980 $ 3,841 $ 4,739 $ 2,468 $ 4,082 $ — $ 29,475 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential 1-4 family Pass $ 5,957 $ 27,646 $ 32,317 $ 40,234 $ 13,139 $ 91,408 $ 23,855 $ 234,556 Special mention — — — — — 254 — 254 Substandard — 87 — 123 — 2,271 134 2,615 Total residential 1-4 family $ 5,957 $ 27,733 $ 32,317 $ 40,357 $ 13,139 $ 93,933 $ 23,989 $ 237,425 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Multifamily Pass $ 597 $ 6,262 $ 10,482 $ 7,997 $ 2,596 $ 6,381 $ — $ 34,315 Special mention — — — — — — — — Substandard — 54 — — — 125 — 179 Total multifamily $ 597 $ 6,316 $ 10,482 $ 7,997 $ 2,596 $ 6,506 $ — $ 34,494 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass $ 413 $ 1,795 $ 2,251 $ 3,330 $ 768 $ 7,734 $ — $ 16,291 Special mention — — — — — 164 — 164 Substandard — — — — — — — — Total farmland $ 413 $ 1,795 $ 2,251 $ 3,330 $ 768 $ 7,898 $ — $ 16,455 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 4,822 $ 17,921 $ 7,729 $ 5,084 $ 1,434 $ 3,076 $ 11,819 $ 51,885 Special mention — — — — — 3 — 3 Substandard — 77 98 — — — — 175 Total commercial $ 4,822 $ 17,998 $ 7,827 $ 5,084 $ 1,434 $ 3,079 $ 11,819 $ 52,063 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Agriculture Pass $ 168 $ 515 $ 483 $ 337 $ 103 $ 591 $ 1,392 $ 3,589 Special mention — — — — — — — — Substandard — — — — — 18 — 18 Total agriculture $ 168 $ 515 $ 483 $ 337 $ 103 $ 609 $ 1,392 $ 3,607 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and All Other Pass $ 5,176 $ 10,818 $ 4,175 $ 2,041 $ 762 $ 1,239 $ 1,249 $ 25,460 Special mention — — 1 — — — — 1 Substandard 6 5 — 1 2 — — 14 Total consumer and all other $ 5,182 $ 10,823 $ 4,176 $ 2,042 $ 764 $ 1,239 $ 1,249 $ 25,475 Current period gross charge-offs $ (46 ) $ (10 ) $ (2 ) $ (6 ) $ — $ — $ (6 ) $ (70 ) Total $ 21,273 $ 124,719 $ 110,415 $ 113,449 $ 49,486 $ 179,838 $ 39,414 $ 638,594 Total current period gross charge-offs $ (46 ) $ (10 ) $ (2 ) $ (6 ) $ — $ — $ (6 ) $ (70 ) The following table presents the credit risk grade of loans by origination year as of December 31, 2023: As of December 31, 2023 (Dollars are in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Commercial real estate Pass $ 46,616 $ 49,061 $ 48,943 $ 28,651 $ 20,004 $ 43,524 $ 997 $ 237,796 Special mention - - 1,171 314 - 92 - 1,577 Substandard - - - - 429 385 - 814 Total commercial real estate $ 46,616 $ 49,061 $ 50,114 $ 28,965 $ 20,433 $ 44,001 $ 997 $ 240,187 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Construction and Land Development Pass $ 12,043 $ 5,990 $ 4,738 $ 2,521 $ 1,799 $ 1,637 $ - $ 28,728 Special mention - - - - - 102 - 102 Substandard - - - - - - - - Total construction and land development $ 12,043 $ 5,990 $ 4,738 $ 2,521 $ 1,799 $ 1,739 $ - $ 28,830 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Residential 1-4 family Pass $ 29,006 $ 33,986 $ 41,214 $ 13,566 $ 13,662 $ 80,087 $ 23,553 $ 235,074 Special mention - - - - - 259 - 259 Substandard 87 - 49 - 38 2,662 64 2,900 Total residential 1-4 family $ 29,093 $ 33,986 $ 41,263 $ 13,566 $ 13,700 $ 83,008 $ 23,617 $ 238,233 Current period gross charge-offs $ - $ - $ (30) $ - $ - $ (21) $ - $ (51) Multifamily Pass $ 5,779 $ 11,483 $ 7,965 $ 2,626 $ 1,081 $ 5,438 $ - $ 34,372 Special mention - - - - - - - - Substandard - - - - - 199 - 199 Total multifamily $ 5,779 $ 11,483 $ 7,965 $ 2,626 $ 1,081 $ 5,637 $ - $ 34,571 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 1,807 $ 2,222 $ 3,414 $ 776 $ 1,205 $ 6,793 $ - $ 16,217 Special mention - - - - - 184 - 184 Substandard - - - - - - - - Total farmland $ 1,807 $ 2,222 $ 3,414 $ 776 $ 1,205 $ 6,977 $ - $ 16,401 Current period gross charge-offs $ - $ - $ - $ - $ - $ - $ - $ - Commercial Pass $ 19,306 $ 10,228 $ 5,638 $ 1,591 $ 2,167 $ 1,342 $ 12,777 $ 53,049 Special mention 78 100 - - - 3 - 181 Substandard - - - - - - - - Total commercial $ 19,384 $ 10,328 $ 5,638 $ 1,591 $ 2,167 $ 1,345 $ 12,777 $ 53,230 Current period gross charge-offs $ - $ (5) $ (14) $ - $ (26) $ - $ - $ (45) Agriculture Pass $ 565 $ 518 $ 347 $ 127 $ 67 $ 649 $ 1,217 $ 3,490 Special mention - - - - - - - - Substandard - - - - - 18 - 18 Total agriculture $ 565 $ 518 $ 347 $ 127 $ 67 $ 667 $ 1,217 $ 3,508 Current period gross charge-offs $ - $ - $ - $ - $ - $ (59) $ - $ (59) Consumer and All Other Pass $ 12,352 $ 4,822 $ 2,408 $ 864 $ 594 $ 761 $ 1,339 $ 23,140 Special mention - 1 - - - - - 1 Substandard 4 - 1 3 1 1 - 10 Total consumer and all other $ 12,356 $ 4,823 $ 2,409 $ 867 $ 595 $ 762 $ 1,339 $ 23,151 Current period gross charge-offs $ (198) $ (49) $ (13) $ - $ - $ (2) $ (59) $ (321) Total $ 127,643 $ 118,411 $ 115,888 $ 51,039 $ 41,047 $ 144,136 $ 39,947 $ 638,111 Total current period gross charge-offs $ (198) $ (54) $ (57) $ - $ (26) $ (82) $ (59) $ (476)

ALLOWANCE FOR CREDIT LOSSES F_2

ALLOWANCE FOR CREDIT LOSSES FOR LOANS (“ACLL”) (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023:	The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023: Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Three months ended March 31, 2024 Beginning balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256 Charge-offs - - - - - - - (70) - (70) Recoveries 26 15 9 - 117 - - 49 - 216 Provision for credit losses (44) (20) 74 (20) (118) 50 3 79 - 4 Ending balance $ 2,500 $ 295 $ 2,749 $ 489 $ 162 $ 723 $ 36 $ 452 $ - $ 7,406 (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, 2023 Beginning balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ 386 $ 440 $ 6,727 Adjustment to allowance for adoption of ASU 2016-13 (299) 164 275 12 75 241 (5) (103) (440) (80) Charge-offs - - (51) - - (45) (59) (321) - (476) Recoveries - 35 37 111 - 19 5 166 - 373 Provision for credit losses 453 (244) 41 124 (65) 77 60 266 - 712 Ending balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256

OTHER REAL ESTATE OWNE (Tables)

OTHER REAL ESTATE OWNE (Tables)	3 Months Ended
	Mar. 31, 2024
Other Real Estate Owne
The following table summarizes the activity in other real estate owned for the three months ended March 31, 2024, and the year ended December 31, 2023:	The following table summarizes the activity in other real estate owned for the three months ended March 31, 2024, and the year ended December 31, 2023: (Dollars in thousands) March 31, December 31, 2023 Balance, beginning of period $ 157 $ 261 Additions — 124 Proceeds from sales — (132 ) Net gains from sales — (96 ) Balance, end of period $ 157 $ 157

FAIR VALUES (Tables)

FAIR VALUES (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value are as follows as of March 31, 2024 and December 31, 2023:	Assets and liabilities measured at fair value are as follows as of March 31, 2024 and December 31, 2023: March 31, 2024 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 9,974 $ — U.S. Government Agencies — 9,002 — Taxable municipals — 17,632 — Corporate bonds — 2,735 — Mortgage-backed securities — 49,671 — (On a non-recurring basis) — — 157 Collateral dependent loans with ACL: Commercial real estate — — 141 Commercial 132 Total $ — $ 89,014 $ 430 December 31, 2023 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 10,985 — U.S. Government Agencies — 8,811 $ — Taxable municipals — 17,859 — Corporate bonds — 2,688 — Mortgage-backed securities — 49,462 — (On a non-recurring basis) — — 157 Collateral dependent loans with ACL: Commercial real estate — — 204 Total $ — $ 89,805 $ 361
Schedule of significant unobservable inputs In level 3 assets	Schedule of significant unobservable inputs In level 3 assets (Dollars in thousands) Fair Value at March 31, 2024 Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Collateral dependent loans with ACL: Commercial real estate $ 141 $ 204 Apprised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Commercial 132 - Appraised Value/Other estimates from Independent Sources Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 157 $ 157 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 18
The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis as of March 31, 2024, and December 31, 2023, are as follows:	The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis as of March 31, 2024, and December 31, 2023, are as follows: Fair Value Measurements (Dollars in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs March 31, 2024 Financial instruments – assets Net loans $ 631,188 $ 604,185 $ — $ — $ 604,185 Financial instruments – liabilities Time deposits 224,841 221,937 — 221,937 — Borrowed funds 36,186 34,095 — 34,095 — December 31, 2023 Financial instruments – assets Net loans $ 630,855 $ 604,736 $ — $ — $ 604,736 Financial instruments – liabilities Time deposits 252,316 249,941 — 249,941 — Borrowed funds 36,186 34,046 — 34,046 —

LEASING ACTIVITIES (Tables)

LEASING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
As of March 31, 2024, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands):	The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. As of March 31, 2024, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): 2024 $ 417 2025 557 2026 557 2027 578 2028 584 Thereafter 1,737 Total lease payments 4,430 Less: imputed interest (692 ) Total $ 3,738

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue From Contracts With Customers
Schedule of revenue from contracts with customers	Schedule of revenue from contracts with customers For the three months ended March 31, (Dollars in thousands) 2024 2023 Service charges and fees 915 $ 917 Card processing and interchange income 895 899 Insurance and investment fees 322 257 Other noninterest income 189 326 Total noninterest income 2,321 $ 2,399

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	3 Months Ended
	Mar. 31, 2024
Noninterest Expenses
Schedule of noninterest expenses	Schedule of noninterest expenses For the three months ended (Dollars in thousands) 2024 2023 Other operating expenses $ 780 $ 727 ATM network expense 376 360 Legal, accounting, and professional fees 234 280 Loan related expenses 94 88 FDIC insurance premiums 92 88 Advertising 53 37 Printing and supplies 42 42 Consulting fees 40 91 Other real estate owned expenses, net 4 6 Total other operating expenses $ 1,715 $ 1,719

Schedule of basic and diluted n

Schedule of basic and diluted net loss per common share calculations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Net income	$ 1,786	$ 2,021
Weighted average shares outstanding	23,736,387	23,841,162
Weighted average dilutive shares outstanding	23,736,387	23,841,162
Basic and diluted earnings per share	$ 0.08	$ 0.08

The Bank_s actual capital amoun

The Bank’s actual capital amounts and ratios are presented in the following table as of March 31, 2024 and December 31, 2023, respectively. (Details) - Bank $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total Capital to Risk Weighted Assets, Actual, Amount	$ 99,231	$ 99,246
Banking Regulation, Total Risk-Based Capital Ratio, Actual	0.1654	0.1658
Total Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 48,002	$ 47,873
Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.0800	0.0800
Total Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 60,003	$ 59,842
Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum	0.1000	0.1000
Tier 1 Capital Risk Weighted Assets, Actual, Amount	$ 91,729	$ 91,765
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Actual	0.1529	0.1533
Tier 1 Capital Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 36,002	$ 35,905
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.0600	0.0600
Tier 1 Capital Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 48,002	$ 47,873
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	0.0800	0.0800
Tier 1 Capital to Average Assets, Actual, Amount	$ 91,729	$ 91,765
Banking Regulation, Tier 1 Leverage Capital Ratio, Actual	0.1081	0.1111
Tier 1 Capital to Average Assets, Minimum Capital Requirement, Amount	$ 33,955	$ 33,040
Banking Regulation, Tier 1 Leverage Capital Ratio, Capital Adequacy, Minimum	4	0.0400
Tier 1 Capital to Average Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 42,444	$ 41,300
Banking Regulation, Tier 1 Leverage Capital Ratio, Well Capitalized, Minimum	0.0500	0.0500
Common Equity Tier 1 Capital to Risk Weighted Assets, Actual, Amount	$ 91,729	$ 91,765
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Actual	0.1529	0.1533
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum Capital Requirement, Amount	$ 27,001	$ 26,929
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.0450	0.0450
Common Equity Tier 1 Capital to Risk Weighted Assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions, Amount	$ 39,002	$ 38,897
Banking Regulation, Common Equity Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	0.0650	0.0650

Schedule of securities amortize

Schedule of securities amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized Cost	$ 104,821	$ 104,556
Gross Unrealized Gains	12	24
Gross Unrealized Losses	15,819	14,775
Approximate Fair Value	89,014	89,805
US Treasury Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	10,637	11,643
Gross Unrealized Gains
Gross Unrealized Losses	663	658
Approximate Fair Value	9,974	10,985
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	9,668	9,412
Gross Unrealized Gains	10	23
Gross Unrealized Losses	676	624
Approximate Fair Value	9,002	8,811
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Amortized Cost	22,961	22,973
Gross Unrealized Gains
Gross Unrealized Losses	5,329	5,114
Approximate Fair Value	17,632	17,859
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	3,000	3,002
Gross Unrealized Gains		1
Gross Unrealized Losses	265	315
Approximate Fair Value	2,735	2,688
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	58,555	57,526
Gross Unrealized Gains	2
Gross Unrealized Losses	8,886	8,064
Approximate Fair Value	$ 49,671	$ 49,462

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 2,242	$ 527
Unrealized Losses, Less than 12 Months	24	16
Fair Value, 12 Months or More	84,717	88,082
Unrealized Losses, 12 Months or More	15,795	14,759
Fair Value, Total	86,959	88,609
Unrealized Losses, Total	15,819	14,775
US Treasury Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months
Unrealized Losses, Less than 12 Months
Fair Value, 12 Months or More	9,974	10,985
Unrealized Losses, 12 Months or More	663	658
Fair Value, Total	9,974	10,985
Unrealized Losses, Total	663	658
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	90	42
Unrealized Losses, Less than 12 Months	1
Fair Value, 12 Months or More	7,799	8,123
Unrealized Losses, 12 Months or More	675	624
Fair Value, Total	7,889	8,165
Unrealized Losses, Total	676	624
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months		485
Unrealized Losses, Less than 12 Months		16
Fair Value, 12 Months or More	17,632	17,374
Unrealized Losses, 12 Months or More	5,329	5,098
Fair Value, Total	17,632	17,859
Unrealized Losses, Total	5,329	5,114
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	495
Unrealized Losses, Less than 12 Months	4
Fair Value, 12 Months or More	2,240	2,187
Unrealized Losses, 12 Months or More	261	315
Fair Value, Total	2,735	2,187
Unrealized Losses, Total	265	315
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	1,657
Unrealized Losses, Less than 12 Months	19
Fair Value, 12 Months or More	47,072	49,413
Unrealized Losses, 12 Months or More	8,867	8,064
Fair Value, Total	48,729	49,413
Unrealized Losses, Total	$ 8,886	$ 8,064

Schedule of amortized cost and

Schedule of amortized cost and fair value of investment securities contractual maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Investment securities activity
Due in one year or less, amortized Cost	$ 5,045
Due in one year or less, fair value	$ 4,935
Due in one year or less, weighted average yield	1.99%
Due after one year through five years, amortized cost	$ 12,329
Due after one year through five years, fair value	$ 11,531
Due after one year through five years, weighted average yield	2.08%
Due after five years through ten years, amortized cost	$ 18,939
Due after five years through ten years, fair value	$ 16,840
Due after five years through ten years, weighted average yield	2.70%
Due after ten years, amortized cost	$ 68,508
Due after ten years, fair value	$ 55,708
Due after ten years, weighted average yield	1.94%
Amortized cost, total	$ 104,821	$ 104,556
Approximate fair value	$ 89,014	$ 89,805
Weighted average yield, total	2.10%

Summary of loans receivable out

Summary of loans receivable outstanding (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 638,594	$ 638,111
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	557,449	558,222
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases		53,230
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	239,600	240,187
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	29,475	28,830
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	237,425	238,233
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	34,494	34,571
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	16,455	16,401
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	52,063	53,230
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	3,607	3,508
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	25,058	22,639
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	417	512
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 638,594	$ 638,111

Summary of loans receivable on

Summary of loans receivable on nonaccrual status (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 5,549	$ 3,534
With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	5,309	3,266
With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	240	268
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	5,419	3,506
Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	5,277	3,238
Real Estate [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	142	268
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	98
Commercial Borrower [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	98
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,238	812
Commercial Borrower [Member] | Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,096	544
Commercial Borrower [Member] | Real Estate [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	142	268
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	3,002	2,495
Residential Real Estate [Member] | Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	3,002	2,495
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	179	199
Multifamily [Member] | Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	179	199
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	32	28
Consumer Loan [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 32	$ 28

Schedule of summary of impaired

Schedule of summary of impaired loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	$ 3,098	$ 1,124
Related Allowance	112	64
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	241
Related Allowance	111
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	2,857	1,124
Related Allowance	1	64
Commercial Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	2,550	812
Related Allowance	1	64
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	$ 307	$ 312

The following table is an age a

The following table is an age analysis of past due loans receivable as of March 31, 2024, segregated by class: (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 638,594	$ 638,111
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	3,982	3,591
Loans 60-89 Days Past Due	1,001	1,123
Loans 90 or More Days Past Due	1,060	1,353
Total Past Due Loans	6,043	6,067
Current Loans	551,406	552,155
Total loans and leases	557,449	558,222
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 60-89 Days Past Due		20
Total Past Due Loans		20
Current Loans		53,210
Total loans and leases		53,230
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	1,305	878
Loans 60-89 Days Past Due	337
Loans 90 or More Days Past Due	268	268
Total Past Due Loans	1,910	1,146
Current Loans	237,690	239,041
Total loans and leases	239,600	240,187
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	5	85
Loans 60-89 Days Past Due		4
Total Past Due Loans	5	89
Current Loans	29,470	28,741
Total loans and leases	29,475	28,830
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,371	2,628
Loans 60-89 Days Past Due	664	1,119
Loans 90 or More Days Past Due	792	886
Total Past Due Loans	3,827	4,633
Current Loans	233,598	233,600
Total loans and leases	237,425	238,233
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 90 or More Days Past Due		199
Total Past Due Loans		199
Current Loans	34,494	34,372
Total loans and leases	34,494	34,571
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	301
Current Loans	16,154	16,401
Total loans and leases	16,455	16,401
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	490
Total Past Due Loans	490
Current Loans	51,573
Total loans and leases	52,063	53,230
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due		8
Total Past Due Loans		8
Current Loans	3,607	3,500
Total loans and leases	3,607	3,508
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	112	140
Loans 60-89 Days Past Due	71	11
Loans 90 or More Days Past Due	5	1
Total Past Due Loans	188	152
Current Loans	24,870	22,487
Total loans and leases	25,058	22,639
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Loans	417	512
Total loans and leases	417	512
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	4,584	3,739
Loans 60-89 Days Past Due	1,072	1,154
Loans 90 or More Days Past Due	1,065	1,354
Total Past Due Loans	6,721	6,247
Current Loans	631,873	631,864
Total loans and leases	$ 638,594	$ 638,111

The following table presents th

The following table presents the credit risk grade of loans by origination year as of March 31, 2024: (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ 21,273	$ 127,643	$ 118,411	$ 115,888	$ 51,039	$ 41,047
Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		144,136
Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		39,947
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		638,111
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	(46)	(198)	(54)	(57)		(26)
Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(82)
Doubtful [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(59)
Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(476)
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	4,822	19,384	10,328	5,638	1,591	2,167
Commercial Portfolio Segment [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,345
Commercial Portfolio Segment [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		12,777
Commercial Portfolio Segment [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		53,230
Commercial Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	4,822	19,306	10,228	5,638	1,591	2,167
Commercial Portfolio Segment [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,342
Commercial Portfolio Segment [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		12,777
Commercial Portfolio Segment [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		53,049
Commercial Portfolio Segment [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		78	100
Commercial Portfolio Segment [Member] | Special Mention [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		3
Commercial Portfolio Segment [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		181
Commercial Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income			(5)	(14)		(26)
Commercial Portfolio Segment [Member] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(45)
Commercial Portfolio Segment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	2,769	46,616	49,061	50,114	28,965	20,433
Commercial Portfolio Segment [Member] | Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		44,001
Commercial Portfolio Segment [Member] | Real Estate [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		997
Commercial Portfolio Segment [Member] | Real Estate [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		240,187
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	2,769	46,616	49,061	48,943	28,651	20,004
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		43,524
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		997
Commercial Portfolio Segment [Member] | Real Estate [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		237,796
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				1,171	314
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		92
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Commercial Portfolio Segment [Member] | Real Estate [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,577
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						429
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		385
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Commercial Portfolio Segment [Member] | Real Estate [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		814
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	1,365	12,043	5,990	4,738	2,521	1,799
Real Estate Investment [Member] | Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,739
Real Estate Investment [Member] | Real Estate [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		28,830
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	1,365	12,043	5,990	4,738	2,521	1,799
Real Estate Investment [Member] | Real Estate [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,637
Real Estate Investment [Member] | Real Estate [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income
Real Estate Investment [Member] | Real Estate [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		28,728
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
Real Estate Investment [Member] | Real Estate [Member] | Special Mention [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		102
Real Estate Investment [Member] | Real Estate [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		102
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
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] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	5,957	29,093	33,986	41,263	13,566	13,700
Residential Real Estate [Member] | Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		83,008
Residential Real Estate [Member] | Real Estate [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		23,617
Residential Real Estate [Member] | Real Estate [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		238,233
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	5,957	29,006	33,986	41,214	13,566	13,662
Residential Real Estate [Member] | Real Estate [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		80,087
Residential Real Estate [Member] | Real Estate [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		23,553
Residential Real Estate [Member] | Real Estate [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		235,074
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
Residential Real Estate [Member] | Real Estate [Member] | Special Mention [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		259
Residential Real Estate [Member] | Real Estate [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		259
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		87		49		38
Residential Real Estate [Member] | Real Estate [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		2,662
Residential Real Estate [Member] | Real Estate [Member] | Substandard [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		64
Residential Real Estate [Member] | Real Estate [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		2,900
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				(30)
Residential Real Estate [Member] | Real Estate [Member] | Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(21)
Residential Real Estate [Member] | Real Estate [Member] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(51)
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	597	5,779	11,483	7,965	2,626	1,081
Multifamily [Member] | Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		5,637
Multifamily [Member] | Real Estate [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		34,571
Multifamily [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	597	5,779		7,965	2,626	1,081
Loans and Leases Receivable, Net of Deferred Income			11,483
Multifamily [Member] | Real Estate [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		5,438
Multifamily [Member] | Real Estate [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		34,372
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	413	1,807	2,222	3,414	776	1,205
Farmland [Member] | Real Estate [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		6,977
Farmland [Member] | Real Estate [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		16,401
Farmland [Member] | Real Estate [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	413	1,807	2,222	3,414	776	1,205
Farmland [Member] | Real Estate [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		6,793
Farmland [Member] | Real Estate [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		16,217
Farmland [Member] | Real Estate [Member] | Special Mention [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		184
Farmland [Member] | Real Estate [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		184
Farmland [Member] | Real Estate [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		199
Farmland [Member] | Real Estate [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		199
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	168	565	518	347	127	67
Agriculture [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		667
Agriculture [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,217
Agriculture [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		3,508
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	168	565	518	347	127	67
Agriculture [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		649
Agriculture [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,217
Agriculture [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		3,490
Agriculture [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		18
Agriculture [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		18
Agriculture [Member] | Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(59)
Agriculture [Member] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(59)
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	5,182	12,356	4,823	2,409	867	595
Consumer Loan [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		762
Consumer Loan [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,339
Consumer Loan [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		23,151
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	5,176	12,352	4,822	2,408	864	594
Consumer Loan [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		761
Consumer Loan [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1,339
Consumer Loan [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		23,140
Consumer Loan [Member] | Special Mention [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income			1
Consumer Loan [Member] | Special Mention [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	6	4		1	$ 3	$ 1
Consumer Loan [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		1
Consumer Loan [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		10
Consumer Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income	$ (46)	(198)	$ (49)	$ (13)
Consumer Loan [Member] | Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(2)
Consumer Loan [Member] | Doubtful [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		(59)
Consumer Loan [Member] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Net of Deferred Income		$ (321)

The following table presents a

The following table presents a disaggregated analysis of activity in the allowance for credit losses for loans as of March 31, 2024 and December 31, 2023: (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 2,518	$ 2,364
Recoveries	26
Provision	(44)	453
Ending balance	2,500	2,518
Adjustment to allowance for adoption of ASU 2016-13		(299)
Residential Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	300	345
Recoveries	15	35
Provision	(20)	(244)
Ending balance	295	300
Adjustment to allowance for adoption of ASU 2016-13		164
Residential One Four Family [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	2,666	2,364
Charge-offs		(51)
Recoveries	9	37
Provision	74	41
Ending balance	2,749	2,666
Adjustment to allowance for adoption of ASU 2016-13		275
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	509	262
Recoveries		111
Provision	(20)	124
Ending balance	489	509
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	163	153
Recoveries	117
Provision	(118)	(65)
Ending balance	162	163
Adjustment to allowance for adoption of ASU 2016-13		75
Commercials [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	673	381
Charge-offs		(45)
Recoveries		19
Provision	50	77
Ending balance	723	673
Adjustment to allowance for adoption of ASU 2016-13		241
Agricultures [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	33	32
Charge-offs		(59)
Recoveries		5
Provision	3	60
Ending balance	36	33
Adjustment to allowance for adoption of ASU 2016-13		(5)
Consumer And All Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	394	386
Charge-offs	(70)	(321)
Recoveries	49	166
Provision	79	266
Ending balance	452	394
Adjustment to allowance for adoption of ASU 2016-13		(103)
Unallocated Financing Receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance		440
Ending balance
Adjustment to allowance for adoption of ASU 2016-13		(440)
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	7,256	6,727
Charge-offs	(70)	(476)
Recoveries	216	373
Provision	4	712
Ending balance	$ 7,406	7,256
Adjustment to allowance for adoption of ASU 2016-13		$ (80)

The following table summarizes

The following table summarizes the activity in other real estate owned for the three months ended March 31, 2024, and the year ended December 31, 2023: (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Real Estate Owne
Balance, beginning of period	$ 157	$ 261
Additions		124
Proceeds from sales		(132)
Net gains from sales		(96)
Balance, end of period	$ 157	$ 157

Assets and liabilities measured

Assets and liabilities measured at fair value are as follows as of March 31, 2024 and December 31, 2023: (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 89,014	$ 89,805
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] | 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	9,974	10,985
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	9,002	8,811
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	17,632	17,859
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	2,735	2,688
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	49,671	49,462
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	430	361
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	141
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Commercial [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	132		$ 204
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	$ 157	$ 157

Schedule of significant unobser

Schedule of significant unobservable inputs In level 3 assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 141	$ 204
Valuation Technique	Apprised 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%
Commercial [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value		$ 132
Valuation Technique	Appraised Value/Other estimates from Independent Sources
Commercial [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage		0%
Commercial [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		$ 157	$ 157
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage		0%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General Range of Significant Unobservable Input Parcentage		18%

The carrying amount and fair va

The carrying amount and fair value of the Company’s financial instruments that are not required to be measured or reported at fair value on a recurring basis as of March 31, 2024, and December 31, 2023, are as follows: (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	$ 631,188	$ 630,855
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans
Time deposits	221,937	249,941
Borrowed funds	34,095	34,046
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	604,185	604,736
Carrying Reported Amount Fairs Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	631,188	630,855
Time deposits	224,841	252,316
Borrowed funds	36,186	36,186
Estimate Of Fair Value Fair Values Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	604,185	604,736
Time deposits	221,937	249,941
Borrowed funds	$ 34,095	$ 34,046

As of March 31, 2024, future mi

As of March 31, 2024, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024	$ 417
2025	557
2026	557
2027	578
2028	584
Thereafter	1,737
Total lease payments	4,430
Less: imputed interest	(692)
Total	$ 3,738

Schedule of revenue from contra

Schedule of revenue from contracts with customers (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenue From Contracts With Customers
Service charges and fees	$ 915	$ 917
Card processing and interchange income	895	899
Insurance and investment fees	322	257
Other noninterest income	189	326
Total noninterest income	$ 2,321	$ 2,399

Schedule of noninterest expense

Schedule of noninterest expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest Expenses
Other operating expenses	$ 780	$ 727
ATM network expense	376	360
fees	234	280
Loan related expenses	94	88
FDIC insurance premiums	92	88
Advertising	53	37
Printing and supplies	42	42
Consulting fees	40	91
Other real estate owned expenses, net	$ 4	$ 6