New Peoples Bankshares (NWPP) 10-Q 14 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 09, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
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		23,659,913

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 15,884	$ 14,596
Interest-bearing deposits with banks	72,800	50,363
Federal funds sold	120	18
Total cash and cash equivalents	88,804	64,977
Investment securities available-for-sale	92,269	89,805
Loans receivable	639,934	638,111
Allowance for credit losses	(7,727)	(7,256)
Net loans	632,207	630,855
Bank premises and equipment, net	17,913	18,265
Other real estate owned	103	157
Accrued interest receivable	3,015	3,029
Deferred taxes, net	4,778	4,461
Bank owned life insurance	4,626	4,589
Right-of-use assets – operating leases	3,629	3,852
Other assets	7,326	6,323
Total assets	854,670	826,313
Deposits:
Noninterest bearing	226,619	233,878
Interest-bearing	516,609	482,589
Total deposits	743,228	716,467
Borrowed funds	36,186	36,186
Lease liabilities – operating leases	3,629	3,852
Accrued interest payable	1,920	1,447
Accrued expenses and other liabilities	3,476	3,550
Total liabilities	788,439	761,502
SHAREHOLDERS’ EQUITY
Common stock - $2.00 par value; 50,000,000 shares authorized; 23,676,257 and 23,745,900 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	47,352	47,492
Additional paid-in-capital	14,479	14,514
Retained earnings	16,267	14,458
Accumulated other comprehensive loss	(11,867)	(11,653)
Total shareholders’ equity	66,231	64,811
Total liabilities and shareholders’ equity	$ 854,670	$ 826,313

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 2	$ 2
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	23,676,257	23,745,900
Common stock, shares outstanding	23,676,257	23,745,900

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST AND DIVIDEND INCOME
Loans including fees	$ 9,374	$ 7,876	$ 18,587	$ 15,258
Federal funds sold	2	8	3	16
Interest-earning deposits with banks	1,009	551	1,835	1,083
Investments	583	547	1,113	1,107
Dividends on equity securities (restricted)	43	36	86	76
Total interest and dividend income	11,011	9,018	21,624	17,540
INTEREST EXPENSE
Deposits	3,508	1,645	6,658	2,791
Borrowed funds	533	373	1,066	682
Total interest expense	4,041	2,018	7,724	3,473
NET INTEREST INCOME	6,970	7,000	13,900	14,067
PROVISION FOR CREDIT LOSSES	472	149	429	149
NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	6,498	6,851	13,471	13,918
NONINTEREST INCOME
Service charges and fees	967	961	1,882	1,877
Card processing and interchange	971	943	1,866	1,842
Financial services fees	372	306	694	563
Net gain on sale and disposal of premises and equipment	53	6	20	135
Other noninterest income	169	188	391	385
Total noninterest income	2,532	2,404	4,853	4,802
NONINTEREST EXPENSES
Salaries and employee benefits	3,594	3,652	7,241	7,202
Occupancy and equipment expense	942	975	1,913	1,935
Data processing and telecommunications	617	619	1,261	1,261
Other operating expenses	1,685	1,789	3,400	3,505
Total noninterest expenses	6,838	7,035	13,815	13,903
INCOME BEFORE INCOME TAXES	2,192	2,220	4,509	4,817
INCOME TAX EXPENSE	508	497	1,039	1,073
NET INCOME	$ 1,684	$ 1,723	$ 3,470	$ 3,744
Earnings per share
Earnings per share - Basic	$ 0.07	$ 0.07	$ 0.15	$ 0.16
Earnings per share - Diluted	$ 0.07	$ 0.07	$ 0.15	$ 0.16
Average Weighted Shares of Common Stock
Average Weighted Shares of Common Stock - Basic	23,692,984	23,817,903	23,714,675	23,829,468
Average Weighted Shares of Common Stock - Diluted	23,692,984	23,817,903	23,714,675	23,829,468

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
NET INCOME	$ 1,684	$ 1,723	$ 3,470	$ 3,744
Investment securities activity
Unrealized gains (losses) arising during the period	786	(1,518)	(271)	1,187
Related tax (expense) benefit	(165)	319	57	(250)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS)	621	(1,199)	(214)	937
TOTAL COMPREHENSIVE INCOME	$ 2,305	$ 524	$ 3,256	$ 4,681

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, shares at Dec. 31, 2022	23,848
Adoption of ASU 2016-13			(212)		(212)
Net income			2,021		2,021
Other comprehensive income, 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)
Repurchase of common stock, shares	(20)
Ending balance, value at Mar. 31, 2023	$ 47,657	14,540	9,296	(11,805)	59,688
Ending balance, shares at Mar. 31, 2023	23,828
Net income			1,723		1,723
Other comprehensive income, net of tax				(1,199)	(1,199)
Repurchase of common stock	$ (51)	(4)			(55)
Repurchase of common stock, shares	(25)
Ending balance, value at Jun. 30, 2023	$ 47,606	14,536	11,019	(13,004)	60,157
Ending balance, shares at Jun. 30, 2023	23,803
Beginning balance, value at Dec. 31, 2023	$ 47,492	14,514	14,458	(11,653)	64,811
Beginning balance, shares at Dec. 31, 2023	23,746
Net income			1,786		1,786
Other comprehensive income, net of tax				(835)	(835)
Cash dividend declared ($0.07 per share)			(1,661)		(1,661)
Repurchase of common stock	$ (69)	(16)			(85)
Repurchase of common stock, shares	(34)
Ending balance, value at Mar. 31, 2024	$ 47,423	14,498	14,583	(12,488)	64,016
Ending balance, shares at Mar. 31, 2024	23,712
Net income			1,684		1,684
Other comprehensive income, net of tax				621	621
Repurchase of common stock	$ (71)	(19)			(90)
Repurchase of common stock, shares	(36)
Ending balance, value at Jun. 30, 2024	$ 47,352	$ 14,479	$ 16,267	$ (11,867)	$ 66,231
Ending balance, shares at Jun. 30, 2024	23,676

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 3,470	$ 3,744
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	827	793
Provision for credit losses	429	149
Income on bank owned life insurance	(37)	(28)
Gain on sale of mortgage loans	(4)	(4)
Gain on sale or disposal of premises and equipment	(20)	(134)
Gain on sale of other real estate owned	(34)
Loans originated for sale	(105)	(81)
Proceeds from sales of loans originated for sale	109	85
Net amortization/accretion of bond premiums/discounts	125	151
Deferred tax benefit	(260)	(1)
Net change in:
Accrued interest receivable	14	72
Other assets	(744)	(909)
Accrued interest payable	473	404
Accrued expenses and other liabilities	(300)	(1,191)
Net cash provided by operating activities	3,943	3,050
CASH FLOWS FROM INVESTING ACTIVITIES
Net increase in loans	(1,798)	(24,473)
Purchase of securities available-for-sale	(8,048)
Proceeds from repayments and maturities of securities available-for-sale	5,188	4,006
Net purchase of equity securities (restricted)	(36)	(420)
Payments for the purchase of premises and equipment	(1,488)	(813)
Proceeds from sales of premises and equipment	1,033
Proceeds from sales of other real estate owned	108	809
Net cash used in investing activities	(5,041)	(20,891)
CASH FLOWS FROM FINANCING ACTIVITIES
Issuance of long-term debt		10,000
Net change in noninterest bearing deposits	(7,259)	(2,789)
Net change in interest-bearing deposits	34,020	18,158
Dividends paid	(1,661)	(1,430)
Repurchase of common stock	(175)	(101)
Net cash provided by financing activities	24,925	23,838
Net increase in cash and cash equivalents	23,827	5,997
Cash and cash equivalents, beginning of the period	64,977	61,686
Cash and cash equivalents, end of the period	88,804	67,683
Supplemental disclosure of cash paid during the period for:
Interest	7,251	3,069
Taxes	1,000	1,925
Supplemental disclosure of non-cash transactions:
Transfer of loans to other real estate owned	20
Change in unrealized losses on securities available-for-sale	$ (271)	$ 1,187

NATURE OF OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023, and the results of operations for the three- and six-month periods ended June 30, 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 or shareholders’ equity. 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	6 Months Ended
	Jun. 30, 2024
Earnings per share
EARNINGS PER SHARE	NOTE 3 EARNINGS PER SHARE Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. Diluted earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued. For the three-month and six-month periods ended June 30, 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 For the six months 2024 2023 2024 2023 Net income $ 1,684 $ 1,723 $ 3,470 $ 3,744 Weighted average shares outstanding 23,692,984 23,817,903 23,714,675 23,829,468 Weighted average dilutive shares outstanding 23,692,984 23,817,903 23,714,675 23,829,468 Basic and diluted earnings per share $ 0.07 $ 0.07 $ 0.15 $ 0.16

CAPITAL

CAPITAL	6 Months Ended
	Jun. 30, 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 June 30, 2024, the Bank had a capital conservation buffer of 8.74%. Amounts recorded to accumulated other comprehensive income (loss) are not included in computing regulatory capital. Management believes as of June 30, 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 June 30, 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 June 30, 2024 and December 31, 2023, respectively. Schedule of bank’s actual capital amounts and ratios presented Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2024: Total capital to risk weighted assets 100,776 16.74 % $ 48,162 8.00 % $ 60,203 10.00 % Tier 1 capital to risk weighted assets 93,244 15.49 % 36,122 6.00 % 48,162 8.00 % Tier 1 capital to average assets 93,244 10.71 % 34,823 4.00 % 43,529 5.00 % Common equity Tier 1 capital to risk weighted assets 93,244 15.49 % 27,091 4.50 % 39,132 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2024 U.S. Treasuries $ 10,631 $ — $ 597 $ 10,034 U.S. Government Agencies 9,484 19 637 8,866 Taxable municipals 22,950 — 5,172 17,778 Corporate bonds 2,499 — 273 2,226 Mortgage backed securities 61,727 20 8,382 53,365 Total securities available-for-sale $ 107,291 $ 39 $ 15,061 $ 92,269 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 June 30, 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 June 30, 2024 U.S. Treasuries $ — $ — $ 10,034 $ 597 $ 10,034 $ 597 U.S. Government Agencies 90 1 7,488 636 7,578 637 Taxable municipals — — 17,778 5,172 17,778 5,172 Corporate bonds 493 6 1,733 267 2,226 273 Mortgage backed securities 3,949 31 45,839 8,351 49,788 8,382 Total securities available-for-sale $ 4,532 $ 38 $ 82,872 $ 15,023 $ 87,404 $ 15,061 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 June 30, 2024, there were 211 securities in a loss position, of which 201 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 $ 35.4 36.8 There were no sales of available-for-sale investment securities during the three and six months ended June 30, 2024 and 2023. The amortized cost and fair value of investment securities as of June 30, 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 $ 5,526 $ 5,434 2.13 % Due after one year through five years 11,291 10,550 1.99 % Due after five years through ten years 22,116 20,151 3.06 % Due after ten years 68,358 56,134 2.02 % Total $ 107,291 $ 92,269 2.24 % 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 2.7

LOANS

LOANS	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
LOANS	NOTE 6 LOANS Loans receivable outstanding as of June 30, 2024, and December 31, 2023, are summarized as follows: Schedule of loans receivable outstanding (Dollars in thousands) June 30, December 31, 2023 Real estate secured: Commercial $ 241,211 $ 240,187 Construction and land development 28,447 28,830 Residential 1-4 family 236,661 238,233 Multifamily 35,104 34,571 Farmland 16,448 16,401 Total real estate loans 557,871 558,222 Commercial 50,788 53,230 Agriculture 3,623 3,508 Consumer installment loans 27,186 22,639 All other loans 466 512 Total loans $ 639,934 $ 638,111 Also included in total loans above are deferred loan fees of $ 1.8 1.8 2 2 Loans receivable on nonaccrual status as of June 30, 2024, and December 31, 2023, are summarized as follows: Schedule of Loans receivable nonaccrual status June 30, 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 $ 2,255 $ 312 $ 2,567 $ 544 $ 268 $ 812 Residential 1-4 family 2,634 - 2,634 2,495 - 2,495 Multifamily - 175 175 199 - 199 Total real estate loans 4,889 487 5,376 3,238 268 3,506 Consumer installment loans and other loans 36 - 36 28 - 28 Total loans receivable on nonaccrual status $ 4,925 $ 487 $ 5,412 $ 3,266 $ 268 $ 3,534 Total interest income not recognized on nonaccrual loans for the three and six months ended June 30, 2024, and June 30, 2023, was $ 43,000 69,000 15,000 28,000 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 of June 30, 2024 and December 31, 2023: Schedule of summary of impaired loans June 30, 2024 December 31, 2023 Unpaid Principal Balance Related Allowance Unpaid Principal Balance Related Allowance (Dollars in thousands) Real estate secured: Commercial $ 2,546 $ 262 $ 812 $ 64 Residential 1-4 family 1,339 - 312 - Multi-family 175 96 - - Total real estate loans 4,060 358 1,124 64 Commercial 16 - - - Total $ 4,076 $ 358 $ 1,124 $ 64 The following table is an age analysis of past due loans receivable as of June 30, 2024, segregated by class: Schedule of analysis of past due loans receivable June 30, 2024 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 20 $ — $ 2,277 $ 2,297 $ 238,914 $ 241,211 Construction and land 10 — — 10 28,437 28,447 Residential 1-4 family 2,901 945 1,014 4,860 231,801 236,661 Multifamily — — — — 35,104 35,104 Farmland — — — — 16,448 16,448 Total real estate loans 2,931 945 3,291 7,167 550,704 557,871 Commercial 120 — — 120 50,668 50,788 Agriculture — — — — 3,623 3,623 Consumer installment 98 20 8 126 27,060 27,186 All other loans — — — — 466 466 Total loans $ 3,149 $ 965 $ 3,299 $ 7,413 $ 632,521 $ 639,934 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 June 30, 2024: Schedule of credit risk grade of loans As of June 30, 2024 (Dollars are in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial real estate Pass $ 6,599 $ 47,066 $ 48,610 $ 47,604 $ 27,299 $ 60,244 $ 1,134 $ 238,556 Special mention — — — — — 87 — 87 Substandard — — — 1,166 313 1,089 — 2,568 Total commercial real estate $ 6,599 $ 47,066 $ 48,610 $ 48,770 $ 27,612 $ 61,420 $ 1,134 $ 241,211 Current period gross charge-offs $ — $ — $ — $ — $ — $ (1 ) $ — $ (1 ) Construction and Land Development Pass $ 6,080 $ 10,537 $ 2,207 $ 4,142 $ 2,411 $ 3,070 $ — $ 28,447 Special mention — — — — — — — — Substandard — — — — — — — — Total construction and land development $ 6,080 $ 10,537 $ 2,207 $ 4,142 $ 2,411 $ 3,070 $ — $ 28,447 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential 1-4 family Pass $ 10,078 $ 28,860 $ 31,446 $ 39,644 $ 12,072 $ 86,756 $ 23,896 $ 232,752 Special mention — — — — — 252 — 252 Substandard 36 87 300 804 288 2,021 121 3,657 Total residential 1-4 family $ 10,114 $ 28,947 $ 31,746 $ 40,448 $ 12,360 $ 89,029 $ 24,017 $ 236,661 Current period gross charge-offs $ — $ — $ — $ — $ — $ (24 ) $ — $ (24 ) Multifamily Pass $ 541 $ 6,893 $ 10,791 $ 7,915 $ 2,567 $ 6,221 $ — $ 34,928 Special mention — — — — — — — — Substandard — 54 — — — 122 — 176 Total multifamily $ 541 $ 6,947 $ 10,791 $ 7,915 $ 2,567 $ 6,343 $ — $ 35,104 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass $ 1,214 $ 1,804 $ 2,116 $ 3,239 $ 761 $ 7,156 $ — $ 16,290 Special mention — — — — — 158 — 158 Substandard — — — — — — — — Total farmland $ 1,214 $ 1,804 $ 2,116 $ 3,239 $ 761 $ 7,314 $ — $ 16,448 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 8,033 $ 15,997 $ 6,463 $ 3,311 $ 1,082 $ 3,836 $ 12,063 $ 50,785 Special mention — — — — — 3 — 3 Substandard — — — — — — — — Total commercial $ 8,033 $ 15,997 $ 6,463 $ 3,311 $ 1,082 $ 3,839 $ 12,063 $ 50,788 Current period gross charge-offs $ — $ (34 ) $ (45 ) $ — $ — $ — $ (68 ) $ (147 ) Agriculture Pass $ 265 $ 484 $ 448 $ 335 $ 97 $ 299 $ 1,678 $ 3,606 Special mention — — — — — — — — Substandard — — — — — 17 — 17 Total agriculture $ 265 $ 484 $ 448 $ 335 $ 97 $ 316 $ 1,678 $ 3,623 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and All Other Pass $ 9,576 $ 9,791 $ 3,635 $ 1,825 $ 710 $ 1,633 $ 447 $ 27,617 Special mention — — 1 — — — — 1 Substandard 6 2 6 17 3 — — 34 Total consumer and all other $ 9,582 $ 9,793 $ 3,642 $ 1,842 $ 713 $ 1,633 $ 447 $ 27,652 Current period gross charge-offs $ (85 ) $ (20 ) $ (3 ) $ (6 ) $ — $ — $ (16 ) $ (130 ) Total $ 42,428 $ 121,575 $ 106,023 $ 110,002 $ 47,603 $ 172,964 $ 39,339 $ 639,934 Total current period gross charge-offs $ (85 ) $ (54 ) $ (48 ) $ (6 ) $ — $ (25 ) $ (84 ) $ (302 ) 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”)	6 Months Ended
	Jun. 30, 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 June 30, 2024 and December 31, 2023: Schedule of allowance for credit losses for loans Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2024 Beginning balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256 Charge-offs (1) - (24) - - (147) - (130) - (302) Recoveries 26 26 18 - 199 1 - 77 - 347 Provision for credit losses 302 (58) 126 (3) (202) 87 1 173 - 426 Ending balance $ 2,845 $ 268 $ 2,786 $ 506 $ 160 $ 614 $ 34 $ 514 $ - $ 7,727 Three months ended June 30, 2024 Beginning balance $ 2,500 $ 295 $ 2,749 $ 489 $ 162 $ 723 $ 36 $ 452 $ - $ 7,406 Charge-offs (1) - (24) - - (147) - (60) - (232) Recoveries - 11 9 - 82 1 - 28 - 131 Provision for credit losses 346 (38) 52 17 (84) 37 (2) 94 - 422 Ending balance $ 2,845 $ 268 $ 2,786 $ 506 $ 160 $ 614 $ 34 $ 514 $ - $ 7,727 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Year ended December 31, 2023 Beginning balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ c 386 $ 440 $ 6,727 Adjustment to allowance for adoption of ASU 2016-13 (299) 164 275 12 75 241 (5) (103) (440) 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	6 Months Ended
	Jun. 30, 2024
Broker-Dealer [Abstract]
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- and six-months ended June 30, 2024 and June 30, 2023, respectively. Additionally, there were no loans that had a payment default during the three and six months ended June 30, 2024 and June 30, 2023, respectively that were modified in the previous 12 months.

CREDIT ALLOWANCE FOR UNFUNDED C

CREDIT ALLOWANCE FOR UNFUNDED COMMITMENTS	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CREDIT ALLOWANCE FOR UNFUNDED COMMITMENTS	NOTE 9 CREDIT ALLOWANCE FOR UNFUNDED COMMITMENTS 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 June 30, 2024 and December 31, 2023, the liability for credit losses on off-balance-sheet credit exposures included in other liabilities was $ 288,000 285,000 50,000 3,000

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	6 Months Ended
	Jun. 30, 2024
Real Estate [Abstract]
OTHER REAL ESTATE OWNED	NOTE 10 OTHER REAL ESTATE OWNED The following table summarizes the activity in other real estate owned for the three months ended June 30, 2024, and the year ended December 31, 2023: Schedule of activity in other real estate owned (Dollars in thousands) June 30, December 31, 2023 Balance, beginning of period $ 157 $ 261 Additions 20 124 Proceeds from sales (108 ) (132 ) Net gains (losses) from sales 34 (96 ) Balance, end of period $ 103 $ 157 As of June 30, 2024, four loans secured by residential real estate totaling $211,000 were in the process of foreclosure.

FAIR VALUES

FAIR VALUES	6 Months Ended
	Jun. 30, 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 $92.3 million and $89.8 million as of June 30, 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 June 30, 2024 and December 31, 2023: Schedule of assets and liabilities measured at fair value June 30, 2024 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 10,034 $ — U.S. Government Agencies — 8,866 — Taxable municipals — 17,778 — Corporate bonds — 2,226 — Mortgage-backed securities — 53,365 — (On a non-recurring basis) — — 103 Collateral dependent loans with ACL: Commercial real estate — — 50 Multi-family 79 Total $ — $ 92,269 $ 232 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 June 30, 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 June 30, 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 $ 50 $ 204 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Multi-family 79 - Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 103 $ 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 June 30, 2024, and December 31, 2023, are as follows: Schedule of reported at fair value on a recurring basis Fair Value Measurements (Dollars in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs June 30, 2024 Financial instruments – assets Net loans $ 632,207 $ 606,545 $ — $ — $ 606,545 Financial instruments – liabilities Time deposits 270,923 269,110 — 269,110 — Borrowed funds 36,186 34,097 — 34,097 — 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, interest-bearing deposits with 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	6 Months Ended
	Jun. 30, 2024
Leasing Activities
LEASING ACTIVITIES	NOTE 12 LEASING ACTIVITIES As of June 30, 2024, the Bank leases five branch offices, and sublets a lot adjacent to another branch office. The lease agreements have maturity dates ranging from November 2028 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 June 30, 2024 was 7.74 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 June 30, 2024 was 3.37%. For the three and six months ended June 30, 2024 and 2023, operating lease expenses were $145,000 and $289,000, and $110,000 and $224,000, respectively. The Company’s other operating leases were evaluated and determined to be immaterial to the financial statements. As of June 30, 2024, future minimum rental commitments under the non-cancellable operating leases discussed above are as follows (dollars are in thousands): Schedule of future minimum rental commitments under the non-cancellable operating leases 2024 $ 278 2025 557 2026 557 2027 578 2028 584 Thereafter 1,737 Total lease payments 4,291 Less: imputed interest (662) Total $ 3,629

BORROWED FUNDS

BORROWED FUNDS	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
BORROWED FUNDS	NOTE 13 BORROWED FUNDS Borrowed funds totaled $ 36,186 36,186 16.2 10.0 10.0

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
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 and six months ended June 30, 2024 and 2023: Schedule of revenue from contracts with customers For the three months ended For the six months ended June 30, June 30, (Dollars in thousands) 2024 2023 2024 2023 Service charges and fees $ 967 $ 961 $ 1,882 $ 1,877 Card processing and interchange income 971 943 1,866 1,842 Financial services fees 372 306 694 563 Other noninterest income 222 194 411 520 Total noninterest income $ 2,532 $ 2,404 $ 4,853 $ 4,802

NONINTEREST EXPENSES

NONINTEREST EXPENSES	6 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
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 non interest expenses For the three months ended For the six months ended (Dollars in thousands) 2024 2023 2024 2023 Other operating expenses $ 766 $ 751 $ 1,546 $ 1,474 ATM network expense 377 370 753 730 Legal, accounting, and professional fees 214 284 448 564 Loan related expenses 101 127 195 216 FDIC insurance premiums 97 88 189 176 Advertising 75 70 128 107 Printing and supplies 47 48 89 90 Consulting fees 40 41 80 132 Other real estate owned expenses, net (32 ) 10 (28 ) 16 Total other operating expenses $ 1,685 $ 1,789 $ 3,400 $ 3,505

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 16 SUBSEQUENT EVENTS Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not exist at the date of the balance sheet but arose after that date. On August 12, 2024 a commercial real estate property securing a loan, that was individually evaluated as part of our assessment of the allowance for credit losses, was acquired in a foreclosure sale. As a result, approximately $ 1.2

RECENT ACCOUNTING DEVELOPMENTS

RECENT ACCOUNTING DEVELOPMENTS	6 Months Ended
	Jun. 30, 2024
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING DEVELOPMENTS	NOTE 17 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2024
Earnings per share
Schedule of basic and diluted net loss per common share calculations	Schedule of basic and diluted net loss per common share calculations (Dollars in thousands, except For the three months For the six months 2024 2023 2024 2023 Net income $ 1,684 $ 1,723 $ 3,470 $ 3,744 Weighted average shares outstanding 23,692,984 23,817,903 23,714,675 23,829,468 Weighted average dilutive shares outstanding 23,692,984 23,817,903 23,714,675 23,829,468 Basic and diluted earnings per share $ 0.07 $ 0.07 $ 0.15 $ 0.16

CAPITAL (Tables)

CAPITAL (Tables)	6 Months Ended
	Jun. 30, 2024
Capital
Schedule of bank’s actual capital amounts and ratios presented	Schedule of bank’s actual capital amounts and ratios presented Actual Minimum Capital Requirement Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio June 30, 2024: Total capital to risk weighted assets 100,776 16.74 % $ 48,162 8.00 % $ 60,203 10.00 % Tier 1 capital to risk weighted assets 93,244 15.49 % 36,122 6.00 % 48,162 8.00 % Tier 1 capital to average assets 93,244 10.71 % 34,823 4.00 % 43,529 5.00 % Common equity Tier 1 capital to risk weighted assets 93,244 15.49 % 27,091 4.50 % 39,132 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)	6 Months Ended
	Jun. 30, 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 June 30, 2024 U.S. Treasuries $ 10,631 $ — $ 597 $ 10,034 U.S. Government Agencies 9,484 19 637 8,866 Taxable municipals 22,950 — 5,172 17,778 Corporate bonds 2,499 — 273 2,226 Mortgage backed securities 61,727 20 8,382 53,365 Total securities available-for-sale $ 107,291 $ 39 $ 15,061 $ 92,269 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 June 30, 2024 U.S. Treasuries $ — $ — $ 10,034 $ 597 $ 10,034 $ 597 U.S. Government Agencies 90 1 7,488 636 7,578 637 Taxable municipals — — 17,778 5,172 17,778 5,172 Corporate bonds 493 6 1,733 267 2,226 273 Mortgage backed securities 3,949 31 45,839 8,351 49,788 8,382 Total securities available-for-sale $ 4,532 $ 38 $ 82,872 $ 15,023 $ 87,404 $ 15,061 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 $ 5,526 $ 5,434 2.13 % Due after one year through five years 11,291 10,550 1.99 % Due after five years through ten years 22,116 20,151 3.06 % Due after ten years 68,358 56,134 2.02 % Total $ 107,291 $ 92,269 2.24 %

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of loans receivable outstanding	Schedule of loans receivable outstanding (Dollars in thousands) June 30, December 31, 2023 Real estate secured: Commercial $ 241,211 $ 240,187 Construction and land development 28,447 28,830 Residential 1-4 family 236,661 238,233 Multifamily 35,104 34,571 Farmland 16,448 16,401 Total real estate loans 557,871 558,222 Commercial 50,788 53,230 Agriculture 3,623 3,508 Consumer installment loans 27,186 22,639 All other loans 466 512 Total loans $ 639,934 $ 638,111
Schedule of Loans receivable nonaccrual status	Schedule of Loans receivable nonaccrual status June 30, 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 $ 2,255 $ 312 $ 2,567 $ 544 $ 268 $ 812 Residential 1-4 family 2,634 - 2,634 2,495 - 2,495 Multifamily - 175 175 199 - 199 Total real estate loans 4,889 487 5,376 3,238 268 3,506 Consumer installment loans and other loans 36 - 36 28 - 28 Total loans receivable on nonaccrual status $ 4,925 $ 487 $ 5,412 $ 3,266 $ 268 $ 3,534
Schedule of summary of impaired loans	Schedule of summary of impaired loans June 30, 2024 December 31, 2023 Unpaid Principal Balance Related Allowance Unpaid Principal Balance Related Allowance (Dollars in thousands) Real estate secured: Commercial $ 2,546 $ 262 $ 812 $ 64 Residential 1-4 family 1,339 - 312 - Multi-family 175 96 - - Total real estate loans 4,060 358 1,124 64 Commercial 16 - - - Total $ 4,076 $ 358 $ 1,124 $ 64
Schedule of analysis of past due loans receivable	Schedule of analysis of past due loans receivable June 30, 2024 (Dollars in thousands) Loans Loans Loans Total Current Total Real estate secured: Commercial $ 20 $ — $ 2,277 $ 2,297 $ 238,914 $ 241,211 Construction and land 10 — — 10 28,437 28,447 Residential 1-4 family 2,901 945 1,014 4,860 231,801 236,661 Multifamily — — — — 35,104 35,104 Farmland — — — — 16,448 16,448 Total real estate loans 2,931 945 3,291 7,167 550,704 557,871 Commercial 120 — — 120 50,668 50,788 Agriculture — — — — 3,623 3,623 Consumer installment 98 20 8 126 27,060 27,186 All other loans — — — — 466 466 Total loans $ 3,149 $ 965 $ 3,299 $ 7,413 $ 632,521 $ 639,934 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
Schedule of credit risk grade of loans	Schedule of credit risk grade of loans As of June 30, 2024 (Dollars are in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial real estate Pass $ 6,599 $ 47,066 $ 48,610 $ 47,604 $ 27,299 $ 60,244 $ 1,134 $ 238,556 Special mention — — — — — 87 — 87 Substandard — — — 1,166 313 1,089 — 2,568 Total commercial real estate $ 6,599 $ 47,066 $ 48,610 $ 48,770 $ 27,612 $ 61,420 $ 1,134 $ 241,211 Current period gross charge-offs $ — $ — $ — $ — $ — $ (1 ) $ — $ (1 ) Construction and Land Development Pass $ 6,080 $ 10,537 $ 2,207 $ 4,142 $ 2,411 $ 3,070 $ — $ 28,447 Special mention — — — — — — — — Substandard — — — — — — — — Total construction and land development $ 6,080 $ 10,537 $ 2,207 $ 4,142 $ 2,411 $ 3,070 $ — $ 28,447 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Residential 1-4 family Pass $ 10,078 $ 28,860 $ 31,446 $ 39,644 $ 12,072 $ 86,756 $ 23,896 $ 232,752 Special mention — — — — — 252 — 252 Substandard 36 87 300 804 288 2,021 121 3,657 Total residential 1-4 family $ 10,114 $ 28,947 $ 31,746 $ 40,448 $ 12,360 $ 89,029 $ 24,017 $ 236,661 Current period gross charge-offs $ — $ — $ — $ — $ — $ (24 ) $ — $ (24 ) Multifamily Pass $ 541 $ 6,893 $ 10,791 $ 7,915 $ 2,567 $ 6,221 $ — $ 34,928 Special mention — — — — — — — — Substandard — 54 — — — 122 — 176 Total multifamily $ 541 $ 6,947 $ 10,791 $ 7,915 $ 2,567 $ 6,343 $ — $ 35,104 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Farmland Pass $ 1,214 $ 1,804 $ 2,116 $ 3,239 $ 761 $ 7,156 $ — $ 16,290 Special mention — — — — — 158 — 158 Substandard — — — — — — — — Total farmland $ 1,214 $ 1,804 $ 2,116 $ 3,239 $ 761 $ 7,314 $ — $ 16,448 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial Pass $ 8,033 $ 15,997 $ 6,463 $ 3,311 $ 1,082 $ 3,836 $ 12,063 $ 50,785 Special mention — — — — — 3 — 3 Substandard — — — — — — — — Total commercial $ 8,033 $ 15,997 $ 6,463 $ 3,311 $ 1,082 $ 3,839 $ 12,063 $ 50,788 Current period gross charge-offs $ — $ (34 ) $ (45 ) $ — $ — $ — $ (68 ) $ (147 ) Agriculture Pass $ 265 $ 484 $ 448 $ 335 $ 97 $ 299 $ 1,678 $ 3,606 Special mention — — — — — — — — Substandard — — — — — 17 — 17 Total agriculture $ 265 $ 484 $ 448 $ 335 $ 97 $ 316 $ 1,678 $ 3,623 Current period gross charge-offs $ — $ — $ — $ — $ — $ — $ — $ — Consumer and All Other Pass $ 9,576 $ 9,791 $ 3,635 $ 1,825 $ 710 $ 1,633 $ 447 $ 27,617 Special mention — — 1 — — — — 1 Substandard 6 2 6 17 3 — — 34 Total consumer and all other $ 9,582 $ 9,793 $ 3,642 $ 1,842 $ 713 $ 1,633 $ 447 $ 27,652 Current period gross charge-offs $ (85 ) $ (20 ) $ (3 ) $ (6 ) $ — $ — $ (16 ) $ (130 ) Total $ 42,428 $ 121,575 $ 106,023 $ 110,002 $ 47,603 $ 172,964 $ 39,339 $ 639,934 Total current period gross charge-offs $ (85 ) $ (54 ) $ (48 ) $ (6 ) $ — $ (25 ) $ (84 ) $ (302 ) 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)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule of allowance for credit losses for loans	Schedule of allowance for credit losses for loans Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Six months ended June 30, 2024 Beginning balance $ 2,518 $ 300 $ 2,666 $ 509 $ 163 $ 673 $ 33 $ 394 $ - $ 7,256 Charge-offs (1) - (24) - - (147) - (130) - (302) Recoveries 26 26 18 - 199 1 - 77 - 347 Provision for credit losses 302 (58) 126 (3) (202) 87 1 173 - 426 Ending balance $ 2,845 $ 268 $ 2,786 $ 506 $ 160 $ 614 $ 34 $ 514 $ - $ 7,727 Three months ended June 30, 2024 Beginning balance $ 2,500 $ 295 $ 2,749 $ 489 $ 162 $ 723 $ 36 $ 452 $ - $ 7,406 Charge-offs (1) - (24) - - (147) - (60) - (232) Recoveries - 11 9 - 82 1 - 28 - 131 Provision for credit losses 346 (38) 52 17 (84) 37 (2) 94 - 422 Ending balance $ 2,845 $ 268 $ 2,786 $ 506 $ 160 $ 614 $ 34 $ 514 $ - $ 7,727 Real estate secured (Dollars are in thousands) Commercial Construction and Land Development Residential 1-4 family Multifamily Farmland Commercial Agriculture Consumer and All Other Unallocated Total Year ended December 31, 2023 Beginning balance $ 2,364 $ 345 $ 2,364 $ 262 $ 153 $ 381 $ 32 $ c 386 $ 440 $ 6,727 Adjustment to allowance for adoption of ASU 2016-13 (299) 164 275 12 75 241 (5) (103) (440) 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 OWNED (Tables

OTHER REAL ESTATE OWNED (Tables)	6 Months Ended
	Jun. 30, 2024
Real Estate [Abstract]
Schedule of activity in other real estate owned	Schedule of activity in other real estate owned (Dollars in thousands) June 30, December 31, 2023 Balance, beginning of period $ 157 $ 261 Additions 20 124 Proceeds from sales (108 ) (132 ) Net gains (losses) from sales 34 (96 ) Balance, end of period $ 103 $ 157

FAIR VALUES (Tables)

FAIR VALUES (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of assets and liabilities measured at fair value	Schedule of assets and liabilities measured at fair value June 30, 2024 (Dollars in thousands) Quoted market price in active markets Significant other observable inputs Significant unobservable inputs (On a recurring basis) U.S. Treasuries $ — $ 10,034 $ — U.S. Government Agencies — 8,866 — Taxable municipals — 17,778 — Corporate bonds — 2,226 — Mortgage-backed securities — 53,365 — (On a non-recurring basis) — — 103 Collateral dependent loans with ACL: Commercial real estate — — 50 Multi-family 79 Total $ — $ 92,269 $ 232 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 June 30, 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 $ 50 $ 204 Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Multi-family 79 - Appraised Value Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 18 Other Real Estate Owned $ 103 $ 157 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 18
Schedule of reported at fair value on a recurring basis	Schedule of reported at fair value on a recurring basis Fair Value Measurements (Dollars in thousands) Carrying Fair Quoted market price in active markets Significant other observable inputs Significant unobservable inputs June 30, 2024 Financial instruments – assets Net loans $ 632,207 $ 606,545 $ — $ — $ 606,545 Financial instruments – liabilities Time deposits 270,923 269,110 — 269,110 — Borrowed funds 36,186 34,097 — 34,097 — 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)	6 Months Ended
	Jun. 30, 2024
Leasing Activities
Schedule of future minimum rental commitments under the non-cancellable operating leases	Schedule of future minimum rental commitments under the non-cancellable operating leases 2024 $ 278 2025 557 2026 557 2027 578 2028 584 Thereafter 1,737 Total lease payments 4,291 Less: imputed interest (662) Total $ 3,629

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of revenue from contracts with customers	Schedule of revenue from contracts with customers For the three months ended For the six months ended June 30, June 30, (Dollars in thousands) 2024 2023 2024 2023 Service charges and fees $ 967 $ 961 $ 1,882 $ 1,877 Card processing and interchange income 971 943 1,866 1,842 Financial services fees 372 306 694 563 Other noninterest income 222 194 411 520 Total noninterest income $ 2,532 $ 2,404 $ 4,853 $ 4,802

NONINTEREST EXPENSES (Tables)

NONINTEREST EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2024
Noncontrolling Interest [Abstract]
Schedule of non interest expenses	Schedule of non interest expenses For the three months ended For the six months ended (Dollars in thousands) 2024 2023 2024 2023 Other operating expenses $ 766 $ 751 $ 1,546 $ 1,474 ATM network expense 377 370 753 730 Legal, accounting, and professional fees 214 284 448 564 Loan related expenses 101 127 195 216 FDIC insurance premiums 97 88 189 176 Advertising 75 70 128 107 Printing and supplies 47 48 89 90 Consulting fees 40 41 80 132 Other real estate owned expenses, net (32 ) 10 (28 ) 16 Total other operating expenses $ 1,685 $ 1,789 $ 3,400 $ 3,505

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings per share
Net income	$ 1,684	$ 1,723	$ 3,470	$ 3,744
Weighted average shares outstanding	23,692,984	23,817,903	23,714,675	23,829,468
Weighted average dilutive shares outstanding	23,692,984	23,817,903	23,714,675	23,829,468
Earnings per share basic	$ 0.07	$ 0.07	$ 0.15	$ 0.16
Earnings per share diluted	$ 0.07	$ 0.07	$ 0.15	$ 0.16

CAPITAL (Details)

CAPITAL (Details) - Bank [Member] $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total capital to risk weighted assets, actual, amount	$ 100,776	$ 99,246
Total capital to risk weighted assets, actual, ratio	0.1674	0.1658
Total capital to risk weighted assets, minimum capital requirement, amount	$ 48,162	$ 47,873
Minimum capital requirement, ratio	0.0800	0.0800
Total capital to risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, ratio	$ 60,203	$ 59,842
Total capital to risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, ratio	0.1000	0.1000
Tier 1 capital risk weighted assets, actual, amount	$ 93,244	$ 91,765
Tier 1 capital risk weighted assets, actual, ratio	0.1549	0.1533
Tier 1 capital risk weighted assets, minimum capital requirement, amount	$ 36,122	$ 35,905
Tier 1 capital risk weighted assets, minimum capital requirement, ratio	0.0600	0.0600
Tier 1 capital risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, amount	$ 48,162	$ 47,873
Tier 1 capital risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, ratio	0.0800	0.0800
Tier 1 capital to average assets, actual, amount	$ 93,244	$ 91,765
Tier 1 capital to average assets, actual, ratio	0.1071	0.1111
Tier 1 capital to average assets, minimum capital requirement, amount	$ 34,823	$ 33,040
Tier 1 capital to average assets, minimum capital requirement, ratio	0.0400	0.0400
Tier 1 capital to average assets, minimum to be well capitalized under prompt corrective action provisions, amount	$ 43,529	$ 41,300
Tier 1 capital to average assets, minimum to be well capitalized under prompt corrective action provisions, percent	0.0500	0.0500
Common equity tier 1 capital to risk weighted assets, actual, amount	$ 93,244	$ 91,765
Common equity tier 1 capital to risk weighted assets, actual, ratio	0.1549	0.1533
Common equity tier 1 capital to risk weighted assets, minimum capital requirement, amount	$ 27,091	$ 26,929
Common equity tier 1 capital to risk weighted assets, minimum capital requirement, ratio	0.0450	0.0450
Common equity tier 1 capital to risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, amount	$ 39,132	$ 38,897
Common equity tier 1 capital to risk weighted assets, minimum to be well capitalized under prompt corrective action provisions, percent	0.0650	0.0650

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Amortized Cost	$ 107,291	$ 104,556
Gross Unrealized Gains	39	24
Gross Unrealized Losses	15,061	14,775
Approximate Fair Value	92,269	89,805
US Treasury Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	10,631	11,643
Gross Unrealized Gains
Gross Unrealized Losses	597	658
Approximate Fair Value	10,034	10,985
US Government Agencies Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	9,484	9,412
Gross Unrealized Gains	19	23
Gross Unrealized Losses	637	624
Approximate Fair Value	8,866	8,811
Taxable Municipal Notes [Member]
Marketable Securities [Line Items]
Amortized Cost	22,950	22,973
Gross Unrealized Gains
Gross Unrealized Losses	5,172	5,114
Approximate Fair Value	17,778	17,859
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	2,499	3,002
Gross Unrealized Gains		1
Gross Unrealized Losses	273	315
Approximate Fair Value	2,226	2,688
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Amortized Cost	61,727	57,526
Gross Unrealized Gains	20
Gross Unrealized Losses	8,382	8,064
Approximate Fair Value	$ 53,365	$ 49,462

INVESTMENT SECURITIES (Details

INVESTMENT SECURITIES (Details 1) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	$ 4,532	$ 527
Unrealized Losses, Less than 12 Months	38	16
Fair Value, 12 Months or More	82,872	88,082
Unrealized Losses, 12 Months or More	15,023	14,759
Fair Value, Total	87,404	88,609
Unrealized Losses, Total	15,061	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	10,034	10,985
Unrealized Losses, 12 Months or More	597	658
Fair Value, Total	10,034	10,985
Unrealized Losses, Total	597	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	7,488	8,123
Unrealized Losses, 12 Months or More	636	624
Fair Value, Total	7,578	8,165
Unrealized Losses, Total	637	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	17,778	17,374
Unrealized Losses, 12 Months or More	5,172	5,098
Fair Value, Total	17,778	17,859
Unrealized Losses, Total	5,172	5,114
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	493
Unrealized Losses, Less than 12 Months	6
Fair Value, 12 Months or More	1,733	2,187
Unrealized Losses, 12 Months or More	267	315
Fair Value, Total	2,226	2,187
Unrealized Losses, Total	273	315
Collateralized Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Fair Value, Less than 12 Months	3,949
Unrealized Losses, Less than 12 Months	31
Fair Value, 12 Months or More	45,839	49,413
Unrealized Losses, 12 Months or More	8,351	8,064
Fair Value, Total	49,788	49,413
Unrealized Losses, Total	$ 8,382	$ 8,064

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investment securities activity
Due in one year or less, amortized Cost	$ 5,526
Due in one year or less, fair value	$ 5,434
Due in one year or less, weighted average yield, percent	2.13%
Due after one year through five years, amortized cost	$ 11,291
Due after one year through five years, fair value	$ 10,550
Due after one year through five years, weighted average yield, percent	1.99%
Due after five years through ten years, amortized cost	$ 22,116
Due after five years through ten years, fair value	$ 20,151
Due after five years through ten years, weighted average yield, percent	3.06%
Due after ten years, amortized cost	$ 68,358
Due after ten years, fair value	$ 56,134
Due after ten years, weighted average yield, percent	2.02%
Amortized cost, total	$ 107,291	$ 104,556
Approximate fair value	$ 92,269
Total, weighted average yield, percent	2.24%

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details Narrative) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Investment securities activity
Investment securities carrying value	$ 35.4	$ 36.8
Restricted from trading and are recorded cost	$ 2.7	$ 2.7

LOANS (Details)

LOANS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 639,934	$ 638,111
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	557,871	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	241,211	240,187
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	28,447	28,830
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	236,661	238,233
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	35,104	34,571
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	16,448	16,401
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	50,788	53,230
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	3,623	3,508
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	27,186	22,639
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	466	512
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans and leases	$ 639,934	$ 638,111

LOANS (Details 1)

LOANS (Details 1) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 5,412	$ 3,534
With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	4,925	3,266
With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	487	268
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	5,376	3,506
Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	4,889	3,238
Real Estate [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	487	268
Commercial Borrower [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	36
Commercial Borrower [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	36
Commercial Borrower [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status
Commercial Borrower [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,567	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	2,255	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	312	268
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	2,634	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	2,634	2,495
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	175	199
Multifamily [Member] | Real Estate [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status		199
Multifamily [Member] | Real Estate [Member] | With An Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status	$ 175
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status		28
Consumer Loan [Member] | With No Allowance [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable on nonaccrual status		$ 28

LOANS (Details 2)

LOANS (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	$ 4,076	$ 1,124
Related Allowance	358	64
Total loans and leases	639,934	638,111
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	16
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,931	3,591
Loans 60-89 Days Past Due	945	1,123
Loans 90 or More Days Past Due	3,291	1,353
Total Past Due Loans	7,167	6,067
Current Loans	550,704	552,155
Total loans and leases	557,871	558,222
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	4,060	1,124
Related Allowance	358	64
Commercial Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	2,546	812
Related Allowance	262	64
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	2,901	2,628
Loans 60-89 Days Past Due	945	1,119
Loans 90 or More Days Past Due	1,014	886
Total Past Due Loans	4,860	4,633
Current Loans	231,801	233,600
Total loans and leases	236,661	238,233
Residential Real Estate [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	1,339	312
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	35,104	34,372
Total loans and leases	35,104	34,571
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid Principal Balance	175
Related Allowance	96
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	20	878
Loans 60-89 Days Past Due
Loans 90 or More Days Past Due	2,277	268
Total Past Due Loans	2,297	1,146
Current Loans	238,914	239,041
Total loans and leases	241,211	240,187
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	10	85
Loans 60-89 Days Past Due		4
Total Past Due Loans	10	89
Current Loans	28,437	28,741
Total loans and leases	28,447	28,830
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Loans	16,448	16,401
Total loans and leases	16,448	16,401
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	120
Total Past Due Loans	120
Current Loans	50,668
Total loans and leases	50,788	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	3,623	3,500
Total loans and leases	3,623	3,508
Consumer Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	98	140
Loans 60-89 Days Past Due	20	11
Loans 90 or More Days Past Due	8	1
Total Past Due Loans	126	152
Current Loans	27,060	22,487
Total loans and leases	27,186	22,639
All Other Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Current Loans	466	512
Total loans and leases	466	512
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans 30-59 Days Past Due	3,149	3,739
Loans 60-89 Days Past Due	965	1,154
Loans 90 or More Days Past Due	3,299	1,354
Total Past Due Loans	7,413	6,247
Current Loans	632,521	631,864
Total loans and leases	$ 639,934	$ 638,111

LOANS (Details 3)

LOANS (Details 3) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	$ 42,428	$ 127,643	$ 121,575	$ 118,411	$ 106,023	$ 115,888	$ 110,002	$ 51,039	$ 47,603	$ 41,047
Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	172,964	144,136
Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	39,339	39,947
Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	639,934	638,111
Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(85)	(198)	(54)	(54)	(48)	(57)	(6)			(26)
Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(25)	(82)
Doubtful [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(84)	(59)
Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(302)	(476)
Commercial Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	8,033	19,384	15,997	10,328	6,463	5,638	3,311	1,591	1,082	2,167
Commercial Portfolio Segment [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	3,839	1,345
Commercial Portfolio Segment [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	12,063	12,777
Commercial Portfolio Segment [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	50,788	53,230
Commercial Portfolio Segment [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	8,033	19,306	15,997	10,228	6,463	5,638	3,311	1,591	1,082	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	3,836	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	12,063	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	50,785	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	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	3	181
Commercial Portfolio Segment [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(68)		(34)	(5)	(45)	(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	(147)	(45)
Commercial Portfolio Segment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	6,599	46,616	47,066	49,061	48,610	50,114	48,770	28,965	27,612	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	61,420	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	1,134	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	241,211	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	6,599	46,616	47,066	49,061	48,610	48,943	47,604	28,651	27,299	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	60,244	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	1,134	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	238,556	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	87	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	87	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							1,166		313	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	1,089	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	2,568	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
Commercial Portfolio Segment [Member] | Real Estate [Member] | Doubtful [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(1)
Commercial Portfolio Segment [Member] | Real Estate [Member] | Doubtful [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] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(1)
Real Estate Investment [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	6,080	12,043	10,537	5,990	2,207	4,738	4,142	2,521	2,411	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	3,070	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	28,447	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	6,080	12,043	10,537	5,990	2,207	4,738	4,142	2,521	2,411	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	3,070	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	28,447	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	10,114	29,093	28,947	33,986	31,746	41,263	40,448	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	89,029	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	24,017	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	236,661	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	10,078	29,006	28,860	33,986	31,446	41,214	39,644	13,566	12,072	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	86,756	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	23,896	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	232,752	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	252	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	252	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	36	87	87		300	49	804		288	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	2,021	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	121	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	3,657	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	(24)	(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	(24)	(51)
Multifamily [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	541	5,779	6,947	11,483	10,791	7,965	7,915	2,626	2,567	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	6,343	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	35,104	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	541	5,779	6,893	11,483	10,791	7,965	7,915	2,626	2,567	1,081
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	6,221	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	34,928	34,372
Farmland [Member] | Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	1,214	1,807	1,804	2,222	2,116	3,414	3,239	776	761	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	7,314	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	16,448	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	1,214	1,807	1,804	2,222	2,116	3,414	3,239	776	761	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	7,156	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	16,290	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	158	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	158	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	122	199	54
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	176	199
Agriculture [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	265	565	484	518	448	347	335	127	97	67
Agriculture [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	316	667
Agriculture [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	1,678	1,217
Agriculture [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	3,623	3,508
Agriculture [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	265	565	484	518	448	347	335	127	97	67
Agriculture [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	299	649
Agriculture [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	1,678	1,217
Agriculture [Member] | Pass [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	3,606	3,490
Agriculture [Member] | Substandard [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	17	18
Agriculture [Member] | Substandard [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	17	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	9,582	12,356	9,793	4,823	3,642	2,409	1,842	867	713	595
Consumer Loan [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	1,633	762
Consumer Loan [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	447	1,339
Consumer Loan [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	27,652	23,151
Consumer Loan [Member] | Pass [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	9,576	12,352	9,791	4,822	3,635	2,408	1,825	864	710	594
Consumer Loan [Member] | Pass [Member] | Prior [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	1,633	761
Consumer Loan [Member] | Pass [Member] | Revolving [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	447	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	27,617	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	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	1
Consumer Loan [Member] | Substandard [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	6	4	2		6	1	17	$ 3	$ 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	34	10
Consumer Loan [Member] | Doubtful [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	(85)	(198)	$ (20)	$ (49)	$ (3)	$ (13)	$ (6)
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	(16)	(59)
Consumer Loan [Member] | Doubtful [Member] | Total [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, net of deferred income	$ (130)	$ (321)

ALLOWANCE FOR CREDIT LOSSES F_3

ALLOWANCE FOR CREDIT LOSSES FOR LOANS (''ACLL'') (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Commercial Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	$ 2,500	$ 2,518	$ 2,364
Charge-offs	(1)	(1)
Recoveries		26
Provision	346	302	453
Ending balance	2,845	2,845	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	295	300	345
Recoveries	11	26	35
Provision	(38)	(58)	(244)
Ending balance	268	268	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	2,749	2,666	2,364
Charge-offs	(24)	(24)	(51)
Recoveries	9	18	37
Provision	52	126	41
Ending balance	2,786	2,786	2,666
Adjustment to allowance for adoption of ASU 2016-13			275
Multifamily [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	489	509	262
Recoveries			111
Provision	17	(3)	124
Ending balance	506	506	509
Adjustment to allowance for adoption of ASU 2016-13			12
Farmland [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	162	163	153
Recoveries	82	199
Provision	(84)	(202)	(65)
Ending balance	160	160	163
Adjustment to allowance for adoption of ASU 2016-13			75
Commercials [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	723	673	381
Charge-offs	(147)	(147)	(45)
Recoveries	1	1	19
Provision	37	87	77
Ending balance	614	614	673
Adjustment to allowance for adoption of ASU 2016-13			241
Agricultures [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Beginning balance	36	33	32
Charge-offs			(59)
Recoveries			5
Provision	(2)	1	60
Ending balance	34	34	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	452	394	386
Charge-offs	(60)	(130)	(321)
Recoveries	28	77	166
Provision	94	173	266
Ending balance	514	514	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	7,406	7,256	6,727
Charge-offs	(232)	(302)	(476)
Recoveries	131	347	373
Provision	422	426	712
Ending balance	$ 7,727	$ 7,727	$ 7,256

LOANS (Details Narrative)

LOANS (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Receivables [Abstract]
Deferred loan fees			$ 1,800,000		$ 1,800,000
Deferred loan costs			2,000,000		$ 2,000,000
Nonaccrual loans amount	$ 43,000	$ 15,000	$ 69,000	$ 28,000

CREDIT ALLOWANCE FOR UNFUNDED_2

CREDIT ALLOWANCE FOR UNFUNDED COMMITMENTS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Other liabilities	$ 288,000	$ 288,000	$ 285,000
Provision for credit losses	$ 50,000	$ 3,000

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Real Estate [Abstract]
Balance, beginning of period	$ 157	$ 261
Additions	20	124
Proceeds from sales	(108)	(132)
Net gains (losses) from sales	34	(96)
Balance, end of period	$ 103	$ 157

FAIR VALUES (Details)

FAIR VALUES (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 92,269	$ 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	10,034	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	8,866	8,811
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Taxable Municipals [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments	17,778	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	2,226	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	53,365	49,462
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	232	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	50
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	79	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	$ 103	$ 157

FAIR VALUES (Details 1)

FAIR VALUES (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 50	$ 204
Valuation Technique	Appraised Value
Significant Unobservable Inputs	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell
Impaired Loans [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	0%
Impaired Loans [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	18%
Multifamily [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 79
Valuation Technique	Appraised Value
Significant Unobservable Inputs	Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell
Multifamily [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	0%
Multifamily [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	18%
Other Real Estate Owned [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 103	$ 157
Valuation Technique	Appraised Value/Comparable Sales/Other Estimates from Independent Sources
Significant Unobservable Inputs	Discounts to reflect current market conditions and estimated costs to sell
Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	0%
Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
General range of significant unobservable input values, percent	18%

FAIR VALUES (Details 2)

FAIR VALUES (Details 2) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	$ 632,207	$ 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	269,110	249,941
Borrowed funds	34,097	34,046
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	606,545	604,736
Carrying Reported Amount Fairs Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Net Loans	632,207	630,855
Time deposits	270,923	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	606,545	604,736
Time deposits	269,110	249,941
Borrowed funds	$ 34,097	$ 34,046

LEASING ACTIVITIES (Details)

LEASING ACTIVITIES (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Leasing Activities
2024	$ 278
2025	557
2026	557
2027	578
2028	584
Thereafter	1,737
Total lease payments	4,291
Less: imputed interest	(662)
Total	$ 3,629

BORROWED FUNDS (Details Narrati

BORROWED FUNDS (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Borrowed funds	$ 36,186
Preferred Securities [Member]
Line of Credit Facility [Line Items]
Borrowed funds	16,200	$ 16,200
Federal Home Loan Bank [Member]
Line of Credit Facility [Line Items]
Borrowed funds	10,000	10,000
Federal Reserve Bank Term Funding Program Loan [Member]
Line of Credit Facility [Line Items]
Borrowed funds	$ 10,000	$ 10,000

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Service charges and fees	$ 967	$ 961	$ 1,882	$ 1,877
Card processing and interchange income	971	943	1,866	1,842
Financial services fees	372	306	694	563
Other noninterest income	222	194	411	520
Total noninterest income	$ 2,532	$ 2,404	$ 4,853	$ 4,802

NONINTEREST EXPENSES (Details)

NONINTEREST EXPENSES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Noncontrolling Interest [Abstract]
Other operating expenses	$ 766	$ 751	$ 1,546	$ 1,474
ATM network expense	377	370	753	730
Legal, accounting, and professional fees	214	284	448	564
Loan related expenses	101	127	195	216
FDIC insurance premiums	97	88	189	176
Advertising	75	70	128	107
Printing and supplies	47	48	89	90
Consulting fees	40	41	80	132
Other real estate owned expenses, net	(32)	10	(28)	16
Total other operating expenses	$ 1,685	$ 1,789	$ 3,400	$ 3,505

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ in Millions	Aug. 12, 2024 USD ($)
Subsequent Event [Member]
Subsequent Event [Line Items]
Transferred amount from loan portfolio to other real estate	$ 1.2