Village Bank and Trust Financial (VBFC) 10-K 22 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 15, 2024	Jun. 30, 2023
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	0-50765
Entity Registrant Name	Village Bank & Trust Financial Corp.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	16-1694602
Entity Address, Address Line One	13319 Midlothian Turnpike
Entity Address, City or Town	Midlothian
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23113
City Area Code	804
Local Phone Number	897-3900
Title of 12(b) Security	Common Stock, $4.00 par value
Trading Symbol	VBFC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 26,087,000
Entity Common Stock, Shares Outstanding		1,492,879
Entity Central Index Key	0001290476
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Yount, Hyde & Barbour, P.C.
Auditor Location	Richmond, Virginia
Auditor Firm ID	613

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 10,383,000	$ 12,062,000
Federal funds sold	7,331,000	4,616,000
Total cash and cash equivalents	17,714,000	16,678,000
Investment securities available for sale, at fair value	105,585,000	133,853,000
Restricted stock, at cost	2,985,000	1,564,000
Loans held for sale	4,983,000	2,268,000
Loans
Outstandings		538,427,000
Allowance for credit losses	(3,423,000)	(3,370,000)
Deferred costs, net	803,000	588,000
Total loans, net		535,645,000
Loans
Outstandings	575,008,000
Allowance for credit losses	(3,423,000)	(3,370,000)
Deferred costs, net	803,000
Total loans, net	572,388,000
Premises and equipment, net	11,760,000	11,748,000
Bank owned life insurance	13,120,000	12,798,000
Accrued interest receivable	3,827,000	3,651,000
Other assets	4,254,000	5,065,000
Total Assets	736,616,000	723,270,000
Deposits
Noninterest bearing demand	247,624,000	255,236,000
Interest bearing	357,721,000	369,507,000
Total deposits	605,345,000	624,743,000
Long-term debt - trust preferred securities	8,764,000	8,764,000
Subordinated debt, net	5,700,000	5,692,000
Other borrowings	45,000,000	20,000,000
Accrued interest payable	210,000	70,000
Other liabilities	4,041,000	2,890,000
Total liabilities	669,060,000	662,159,000
Shareholders' equity
Common stock, $4 par value, 10,000,000 shares authorized; 1,492,879 shares issued and outstanding at December 31, 2023 and 1,482,790 shares issued and outstanding at December 31, 2022	5,908,000	5,868,000
Additional paid-in capital	55,486,000	55,167,000
Retained earnings	11,775,000	10,957,000
Stock in directors rabbi trust	(467,000)	(689,000)
Directors deferred fees obligation	467,000	689,000
Accumulated other comprehensive loss	(5,613,000)	(10,881,000)
Total shareholders' equity	67,556,000	61,111,000
Total liabilities and shareholders' equity	$ 736,616,000	$ 723,270,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 4	$ 4
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	1,492,879	1,482,790
Common stock, shares outstanding (in shares)	1,492,879	1,482,790

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Loans	$ 29,493,000	$ 24,776,000
Investment securities	3,198,000	2,244,000
Federal funds sold	583,000	467,000
Total interest income	33,274,000	27,487,000
Interest expense
Deposits	5,295,000	1,079,000
Borrowed funds	2,691,000	702,000
Total interest expense	7,986,000	1,781,000
Net interest income	25,288,000	25,706,000
Provision for (recovery of) credit losses		(300,000)
Provision for (recovery of) credit losses, after ASU 2016-13	50,000	(300,000)
Net interest income after provision for (recovery of) credit losses	25,238,000	26,006,000
Noninterest income
Service charges and fees	2,738,000	2,625,000
Mortgage banking income, net	1,690,000	3,427,000
Loss on sale of investment securities, net	(4,986,000)
Gain on sale of Small Business Administration loans	0	79,000
Other	522,000	471,000
Total noninterest income (loss)	(36,000)	6,602,000
Noninterest expense
Salaries and benefits	13,389,000	13,768,000
Occupancy	1,242,000	1,216,000
Equipment	1,112,000	1,102,000
Supplies	162,000	158,000
Data processing	1,943,000	1,389,000
Professional and outside services	1,598,000	1,387,000
Advertising and marketing	404,000	386,000
FDIC insurance premium	298,000	237,000
Other operating expense	2,889,000	2,670,000
Total noninterest expense	23,037,000	22,313,000
Income (loss) before income tax expense (benefit)	2,165,000	10,295,000
Income tax expense (benefit)	247,000	1,990,000
Net income (loss)	$ 1,918,000	$ 8,305,000
Earnings (loss) per share, basic	$ 1.29	$ 5.62
Earnings (loss) per share, diluted	$ 1.29	$ 5.62

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Comprehensive Income (Loss)
Net Income (Loss)	$ 1,918	$ 8,305
Other comprehensive income (loss)
Unrealized holding gains (losses) arising during the period	1,671	(12,843)
Tax effect	(351)	2,697
Net change in unrealized holding gains (losses) on securities available for sale, net of tax	1,320	(10,146)
Reclassification adjustment
Reclassification adjustment for losses realized in income	4,986
Tax effect	(1,047)
Reclassification for gains included in net income, net of tax	3,939
Minimum pension adjustment	14	14
Tax effect	(5)	(5)
Minimum pension adjustment, net of tax	9	9
Total other comprehensive income (loss)	5,268	(10,137)
Total comprehensive income (loss)	$ 7,186	$ (1,832)

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Stock in Directors Rabbi Trust	Directors Deferred Fees Obligation.	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2021	$ 5,822	$ 54,814	$ 3,509	$ (730)	$ 730	$ (744)	$ 63,401
Vesting of restricted stock	43	(43)		41	(41)
Stock based compensation		381					381
Cash dividend declared			(857)				(857)
Net Income (Loss)			8,305				8,305
Other comprehensive income/loss						(10,137)	(10,137)
Balance at Dec. 31, 2022	5,868	55,167	10,957	(689)	689	(10,881)	61,111
Vesting of restricted stock	40	(40)		222	(222)
Exercise of stock options	3	15					18
Stock based compensation		359					359
Cash dividend declared			(981)				(981)
Net Income (Loss)			1,918				1,918
Other comprehensive income/loss						5,268	5,268
Balance at Dec. 31, 2023	$ 5,908	$ 55,486	11,775	$ (467)	$ 467	$ (5,613)	67,556
Impact of adoption of ASC 326			$ (119)				$ (119)

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Consolidated Statements of Shareholders' Equity
Cash dividends declared, per share	$ 0.66	$ 0.58

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net Income (Loss)	$ 1,918,000	$ 8,305,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	604,000	546,000
Amortization of debt issuance costs	8,000	32,000
Deferred income taxes	101,000	146,000
Recovery of credit losses		(300,000)
Recovery of credit losses	50,000	(300,000)
Gain on sale of Small Business Administration loans	0	(79,000)
Loss on sale of investment securities	4,986,000
Gain on sales of loans held for sale	(2,409,000)	(4,751,000)
Loss on disposal of premises and equipment	0	3,000
Stock compensation expense	359,000	381,000
Proceeds from sale of mortgage loans	112,720,000	169,995,000
Origination of mortgage loans held for sale	(113,026,000)	(162,371,000)
Amortization of premiums and accretion of discounts on securities, net	(221,000)	58,000
Increase in bank owned life insurance	(322,000)	(304,000)
Net change in:
Interest receivable	(176,000)	(406,000)
Other assets	(649,000)	2,582,000
Interest payable	140,000	2,000
Other liabilities	874,000	(3,570,000)
Net cash provided by operating activities	4,957,000	10,269,000
Cash Flows from Investing Activities
Purchases of available for sale securities	(38,747,000)	(65,488,000)
Proceeds from the sale of available-for-sale securities	50,079,000	0
Proceeds from maturities, calls and paydowns of available for sale securities	18,829,000	13,433,000
Net increase in loans	(36,666,000)	(12,665,000)
Purchases of premises and equipment, net	(616,000)	(473,000)
Purchase of restricted stock, net	(1,421,000)	(870,000)
Net cash provided by (used in) investing activities	(8,542,000)	(66,063,000)
Cash Flows from Financing Activities
Proceeds from Stock Options Exercised	0	18,000
Cash dividends paid	(981,000)	(857,000)
Net increase in deposits	(19,398,000)	(39,305,000)
Net increase in other borrowings	25,000,000	20,000,000
Net cash provided by financing activities	4,621,000	(20,144,000)
Net increase (decrease) in cash and cash equivalents	1,036,000	(75,938,000)
Cash and cash equivalents, beginning of period	16,678,000	92,616,000
Cash and cash equivalents, end of period	17,714,000	16,678,000
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	7,846,000	1,779,000
Cash payments for taxes	608,000	1,960,000
Supplemental Schedule of Non-Cash Activities
Unrealized gains (losses) on securities available for sale	6,658,000	(12,843,000)
Right of use assets obtained in exchange for new operating lease liabilities	0	263,000
Minimum pension adjustment	$ 14,000	$ 14,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies The accounting and reporting policies of Village Bank and Trust Financial Corp. and subsidiary (the “Company”) conform to accounting principles generally accepted in the United States of America (“GAAP”) and to general practice within the banking industry. The following is a description of the more significant of those policies: Business The Company is the holding company of Village Bank (the “Bank”). The Bank opened to the public on December 13, 1999 as a traditional community bank offering deposit and loan services to individuals and businesses in the Richmond, Virginia metropolitan area. In 2017, the Bank entered the Williamsburg, Virginia market by opening a full service branch. Village Bank Mortgage Corporation (the “Mortgage Company”) is a full service mortgage banking company wholly-owned by the Bank. The Bank is subject to regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Bank’s business is susceptible to being affected by state and federal legislation and regulations. The majority of the Company’s real estate loans are collateralized by properties in the Richmond, Virginia metropolitan area. Accordingly, the ultimate collectability of those loans collateralized by real estate is particularly susceptible to changes in market conditions in the Richmond area. Basis of presentation and consolidation The consolidated financial statements include the accounts of the Company, the Bank and the Mortgage Company. All material intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior year financial statements to conform to current year presentation. The results of the reclassifications are not considered material. New Accounting Standards Adopted ​ In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The company adopted ASU 2016-13 as of January 1, 2023 in accordance with the required implementation date and recorded the impact of adoption to retained earnings, net of deferred income taxes, as required by the standard. This standard is commonly referred to as the current expected credit loss (“CECL”) methodology. As a result of adoption of Accounting Standards of Codification (“ASC”) 326, the Company recorded a net decrease to retained earnings of $119,000, net of taxes, which consisted of adjustments to the allowance for credit losses on loans as well as an adjustment to the Company’s reserve for unfunded loan commitments. Subsequent to adoption, the Company will record adjustments to its allowance for credit losses and reserves for unfunded commitments through the provision for credit losses in the consolidated statements of income. The Company is utilizing a third-party model to tabulate its estimate of current expected credit losses, using a weighted average remaining maturity (“WARM”) methodology. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, changes in collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. The Company’s CECL implementation process was overseen by the Chief Financial Officer and included an assessment of data availability and gap analysis, data collection, consideration and analysis of multiple loss estimation methodologies, an assessment of relevant qualitative factors and correlation analysis of multiple potential loss drivers and their impact on the Company’s historical loss experience. During 2022, the Company calculated its current expected credit losses model in parallel to its incurred loss model to further refine the methodology and model. In addition, the Company utilized internal personnel who were not involved in the development of the model to perform a comprehensive model validation. The following table illustrates the impact of ASC 326 adoption (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, January 1, January 1, ​ ​ 2022 ​ 2023 ​ 2023 ​ ​ As Previously Reported ​ Impact of ​ As Reported ​ ​ (Incurred Loss) ​ CECL Adoption ​ Under CECL Assets: ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 82 Commercial ​ 192 ​ 34 ​ 226 ​ ​ 271 ​ 37 ​ 308 Commercial real estate ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 392 Non-owner occupied ​ 1,289 ​ 192 ​ 1,481 Multifamily ​ 33 ​ 7 ​ 40 Farmland ​ — ​ — ​ — ​ ​ 2,189 ​ (276) ​ 1,913 Consumer real estate ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 35 Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 207 Second deed of trust ​ 43 ​ 25 ​ 68 ​ ​ 185 ​ 125 ​ 310 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ 577 Student loans ​ ​ 52 ​ — ​ 52 Consumer and other ​ 37 ​ (5) ​ 32 Unallocated ​ ​ 60 ​ ​ (9) ​ ​ 51 Allowance for credit losses ​ 3,370 ​ (127) ​ 3,243 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ Allowance for credit losses on unfunded credit exposure ​ — ​ 277 ​ 277 ​ ​ ​ ​ ​ ​ ​ Total Allowance for credit losses ​ $ 3,370 ​ $ 150 ​ $ 3,520 ​ On January 1, 2023, the Company adopted ASU 2022-02 “Financial Instruments – Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures,” which removed the recognition and measurement guidance on troubled debt restructurings (“TDRs”) and added disclosures on the financial effect and subsequent performance of certain types of modifications made to borrowers experiencing financial difficulties. Upon adoption of the standard, the Company recorded a reduction of $8,000 in the allowance for credit losses for the impact of changes in methodology used to estimate the allowance for credit losses for non-collateral dependent TDRs. There was no impact to the valuation of loans previously classified as collateral dependent TDRs. The allowance for loan and lease losses for modified loans is determined in a manner consistent with the methodology for loans under ASC 326. Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheets dates and revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the allowance for credit losses and its related provision, including impaired loans, and the valuation of deferred tax assets. Securities At the time of purchase, debt securities are classified into the following categories: held to maturity, available for sale or trading. Debt securities that the Company has both the positive intent and ability to hold to maturity are classified as held to maturity. Held to maturity securities are stated at amortized cost adjusted for amortization of premiums and accretion of discounts on purchase using a method that approximates the effective interest method. Investments classified as trading or available for sale are stated at fair value. Changes in fair value of trading investments are included in current earnings while changes in fair value of available for sale investments are excluded from current earnings and reported, net of taxes, as a separate component of other comprehensive income (loss). Presently, the Company does not maintain a portfolio of trading or held to maturity securities. The fair value of investment securities available for sale is estimated based on quoted prices for similar assets determined by bid quotations received from independent pricing services. For those debt securities whose fair value is less than their amortized cost basis, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that the Company will be required to sell the security before recovery, the Company evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available for sale not resulting from credit losses are recorded in other comprehensive income (loss). The Company regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, the Company’s intention with regard to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery. Restricted stock, at cost. Interest income is recognized when earned. Realized gains and losses for securities classified as available-for-sale are included in earnings and are derived using the specific identification method for determining the cost of securities sold. Mortgage Banking and Derivatives Loans held for sale. The Company, through the Bank’s mortgage banking subsidiary, the Mortgage Company, originates residential mortgage loans for sale in the secondary market. Residential mortgage loans held for sale are sold to the permanent investor with the mortgage servicing rights released. The Company uses fair value accounting for its entire portfolio of loans held for sale (“LHFS”) in accordance with ASC 820 - Fair Value Measurement and Disclosures. Fair value of the Company’s LHFS is based on observable market prices for identical instruments traded in the secondary mortgage loan markets in which the Company conducts business and totaled $5.0 million as of December 31, 2023, of which $4.8 million is related to unpaid principal, and totaled $2.3 million as of December 31, 2022, of which $2.2 million is related to unpaid principal. The Company’s portfolio of LHFS is classified as Level 2. Interest Rate Lock Commitments and Forward Sales Commitments. The Company uses fair value accounting for its forward sales commitments related to IRLCs and LHFS under ASC 825-10-15-4(b). The fair value of forward sales commitments is reported in “Other Liabilities” in the Consolidated Balance Sheet at December 31, 2023, and totaled $506,000, with a notional amount of $12.3 million and total positions of 47, and at December 31, 2022, totaled $207,000, with a notional amount of $12.1 million and total positions of 38. Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Our transfers of financial assets are limited to commercial loan participations sold, which were insignificant for 2023 and 2022 and the sale of residential mortgage loans in the secondary market; the extent of which are disclosed in the Consolidated Statements of Cash Flows. Loans Loans are stated at the principal amount outstanding, net of unearned income. Loan origination fees and certain direct loan origination costs are deferred and amortized to interest income over the life of the loan as an adjustment to the loan’s yield over the term of the loan. A loan’s past due status is based on the contractual due date of the most delinquent payment dates. Interest is accrued on outstanding principal balances, unless the Company considers collection to be doubtful. Commercial and unsecured consumer loans are designated as nonaccrual when payment is delinquent 90 days or at the point which the Company considers collection doubtful, if earlier. Mortgage loans and most other types of consumer loans past due 90 days or more may remain on accrual status if management determines that such amounts are collectible. When loans are placed in nonaccrual status, previously accrued and unpaid interest is reversed against interest income in the current period and interest is subsequently recognized only to the extent cash is received as long as the remaining recorded investment in the loan is deemed fully collectible. Loans may be placed back on accrual status when, in the opinion of management, the circumstances warrant such action such as a history of timely payments subsequent to being placed on nonaccrual status, additional collateral is obtained or the borrowers cash flows improve. Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contractual amount of standby letters of credit, whose contract amounts represent credit risk, was approximately $1,202,000 at December 31, 2023 and approximately $922,000 at December 31, 2022. Below is a summary of the current loan segments: Construction and land development loans Commercial real estate loans Consumer real estate loans Commercial and industrial customers. Government guaranteed balances represent Small Business Administration (“SBA”) loans originated by the Bank according to SBA guidelines. We also purchase the guaranteed portion of United State Department of Agriculture Loans (“USDA”) which are guaranteed by the USDA for 100% of the principal and interest. The originating institution holds the unguaranteed portion of the loan and services the loan. These loans are typically purchased at a premium. In the event of a loan default or early prepayment the Bank may need to write off any unamortized premium. These loans are included in the commercial and industrial loan segment. Consumer and other loans Guaranteed student loans Allowance for Credit Losses The allowance for credit losses consists of the allowance for credit losses on loans, reserve for unfunded commitments, and the allowance on securities. The allowance for credit losses on loans is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Credit losses on loans are charged against the allowance when management believes the uncollectibility of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance for credit losses on loans, in management’s judgement, represents the current estimate of expected credit losses over the term of loans held for investment, and is recorded at an amount that, in management’s judgement, reduces the recorded investment in loans to the net amount expected to be collected. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions which may affect a borrower’s ability to repay, overall portfolio quality, and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The Company utilizes a third-party model to tabulate its estimate of current expected credit losses, using a WARM methodology. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company primarily utilizes the short-term natural rate of unemployment forecast based on the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses using a statistical regression analysis. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, and collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. Loans that do not share common risk characteristics with other loans are evaluated individually and are not included in the collective analysis. The allowance for credit losses on loans that are individually evaluated may be estimated based on their expected cash flows, or, in the case of loans for which repayment is expected substantially through the operation or sale of collateral when the borrower is experiencing financial difficulty, may be measured based on the fair value of the collateral less estimated costs to sell. The Company records a reserve, reported in other liabilities, for expected credit losses on commitments to extend credit that are not unconditionally cancelable by the Company. The reserve for unfunded commitments is measured based on the principles utilized in estimating the allowance for credit losses on loans and an estimate of the amount of unfunded commitments expected to be advanced. Changes in the reserve for unfunded commitments are recorded through the provision for credit losses. Other real estate owned Real estate acquired through or in lieu of foreclosure is initially recorded at estimated fair value less estimated selling costs establishing a new cost basis. There were no assets held as other real estate owned (“OREO”) as of December 31, 2023 and December 31, 2022. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. If fair value declines subsequent to foreclosure a valuation allowance is recorded through expense. Operating costs after acquisition are expensed as incurred. Costs relating to the development and improvement of such property are capitalized when appropriate, whereas those costs relating to holding the property are expensed. Assets held for sale There were no assets held for sale at December 31, 2023 and 2022. The Company periodically evaluates the value of assets held for sale and records an impairment charge for any subsequent declines in fair value less selling costs. Premises and equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation of buildings and improvements is computed using the straight-line method over the estimated useful lives of the assets of 39 years. Depreciation of equipment is computed using the straight-line method over the estimated useful lives of the assets ranging from three seven Supplemental Executive Retirement Plan The Company recognizes the unfunded status of its Supplemental Executive Retirement Plan (the “SERP”) as a liability in its Consolidated Balance Sheets, measured at the projected benefit obligation as of December 31, 2023 and 2022. Net periodic pension costs are recorded each period based on actuarially determined amounts in accordance with GAAP and recognized in salaries and employment benefits in the Consolidated Statements of Income. Actuarial determinations of net periodic pension cost are based on assumptions related to discount rates, employee compensation and mortality and interest crediting rates. Other changes in the status of the plan are recorded in the year in which the changes occur through other comprehensive income. Income taxes Deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The effect on recorded deferred income taxes of a change in tax laws or rates is recognized in income in the period that includes the enactment date. To the extent that available evidence about the future raises doubt about the realization of a deferred income tax asset, a valuation allowance is established. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Interest and penalties associated with unrecognized tax benefits are classified as taxes other than income in the statement of income. The Company has no uncertain tax positions. Consolidated statements of cash flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Cash flows from loans originated by the Bank for investment and deposits are reported net. Comprehensive income Total comprehensive income (loss) consists of net income and other comprehensive income (loss). At December 31, 2023 and 2022, the accumulated other comprehensive income (loss) was comprised of unrealized (losses) on securities available for sale of ($5,603,000) and ($10,862,000), and unfunded pension liability of ($10,000) and ($19,000) net of tax, respectively. Earnings per common share Basic earnings per common share represent net income available to common shareholders, which represents net income less dividends paid or payable to preferred stock shareholders, divided by the weighted-average number of common shares outstanding during the period, inclusive of unvested restricted shares (Note 10). For diluted earnings per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options, as well as any adjustment to income that would result from the assumed issuance. The effects of stock options and warrants are excluded from the computation of diluted earnings per common share in periods in which the effect would be antidilutive. Stock options and warrants are antidilutive if the underlying average market price of the stock that can be purchased for the period is less than the exercise price of the option or warrant. Potential dilutive common shares that may be issued by the Company relate solely to outstanding stock options and warrants and are determined using the treasury stock method. Stock incentive plan On May 26, 2015, the Company’s shareholders approved the adoption of the Village Bank and Trust Financial Corp. 2015 Stock Incentive Plan (the “2015 Plan”) authorizing the issuance of up to 60,000 shares of common stock. On May 19, 2020, the Company’s shareholders approved an amendment to the 2015 Plan authorizing the issuance of up to 120,000 shares of common stock. See Note 14 for more information on the 2015 Plan. Fair values of financial instruments The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability (exit price) shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are independent, knowledgeable, able to transact and willing to transact. See Note 18 for the methods and assumptions the Company uses in estimating fair values of financial instruments. Revenue recognition The Company recognizes revenue as it is earned in accordance with ASU 2014-09. The following discussion is of revenues that are within the scope of the this guidance: ● Debit and credit interchange fee income - Card processing fees consist of interchange fees from consumer debit and credit card networks and other card related services. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur. ● Service charges on deposit accounts - Revenue from service charges on deposit accounts is earned through deposit-related services, as well as overdraft, non-sufficient funds, account management and other deposit related fees. Revenue is recognized for these services either over time, corresponding with deposit accounts’ monthly cycle, or at a point in time for transactional related services and fees. ● Service charges on loan accounts - Revenue from loan accounts consists primarily of fees earned on prepayment penalties. Revenue is recognized for the services at a point in time for transactional related services and fees. ● Gains/Losses on sale of OREO - The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. ● Gains/Losses on sale of assets held for sale – The Company records a gain or loss from the sale of assets held for sale when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of assets held for sale to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probably. Once these criteria are met, the asset held for sale is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. Segments The Company has two reportable segments: traditional commercial banking and mortgage banking. Revenues from commercial banking operations consist primarily of interest earned on loans and securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage LHFS, gains on sales of loans in the secondary mortgage market, and loan origination fee income, net of commissions paid. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on the commercial banking segment’s cost of funds. Additionally, the mortgage banking segment leases premises from the commercial banking segment. These transactions are eliminated in the consolidation process. See additional information at Note 19, Segment Reporting. Recent accounting pronouncements In December 2023, the 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

Investment securities available

Investment securities available for sale	12 Months Ended
	Dec. 31, 2023
Investment securities available for sale
Investment securities available for sale	Note 2. Investment Securities Available for Sale The amortized cost and fair value of investment securities available for sale as of December 31, 2023 and 2022 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 20,690 ​ $ — ​ $ (75) ​ $ 20,615 Mortgage-backed securities ​ 77,275 ​ 643 ​ (5,381) ​ 72,537 Municipals ​ ​ 2,264 ​ ​ — ​ ​ (608) ​ ​ 1,656 Subordinated debt ​ 12,449 ​ 30 ​ (1,702) ​ 10,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 112,678 ​ $ 673 ​ $ (7,766) ​ $ 105,585 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 64,631 ​ $ 5 ​ $ (3,734) ​ $ 60,902 Mortgage-backed securities ​ 69,151 ​ 6 ​ (8,597) ​ 60,560 Municipals ​ ​ 2,268 ​ ​ — ​ ​ (718) ​ ​ 1,550 Subordinated debt ​ 11,553 ​ 29 ​ (741) ​ 10,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 147,603 ​ $ 40 ​ $ (13,790) ​ $ 133,853 ​ The Company had investment securities with a fair value of $24,926,000 and $5,613,000 pledged to secure borrowings from the Federal Home Loan Bank of Atlanta (“FHLB”) at December 31, 2023 and 2022, respectively. During the year ended December 31, 2023, the Company executed a securities repositioning and balance sheet deleveraging strategy by selling available for sale securities with a total book value of $55,195,000 and a weighted average yield of 1.48% at a pre-tax loss of $4,986,000. The net proceeds from the sale were used to reduce FHLB borrowings by $15.0 million costing 5.57% and the remaining funds were reinvested back into the securities portfolio with a weighted average yield of 5.48%, with a duration of 3.4 years, and a weighted average life of 5.0 structured to improve the forward run rate on earnings, add interest rate risk protection to a higher for longer and potential down rate environments, while improving tangible common equity and maintaining our strong liquidity position. There were no sales of available for sale securities for the years ended December 31, 2022. Investment securities available for sale that had an unrealized loss position at December 31, 2023 and December 31, 2022 are detailed below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities in a loss ​ Securities in a loss ​ ​ ​ ​ ​ ​ ​ position for less than ​ position for more than ​ ​ ​ ​ ​ ​ ​ ​ 12 Months ​ 12 Months ​ Total ​ ​ Fair ​ Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ — ​ $ — ​ $ 20,289 ​ ​ (75) ​ $ 20,289 ​ $ (75) Mortgage-backed securities ​ ​ 4,631 ​ ​ (24) ​ ​ 30,311 ​ ​ (5,357) ​ ​ 34,942 ​ ​ (5,381) Municipals ​ ​ — ​ ​ — ​ ​ 1,656 ​ ​ (608) ​ ​ 1,656 ​ ​ (608) Subordinated debt ​ 4,145 ​ (587) ​ 5,937 ​ (1,115) ​ 10,082 ​ (1,702) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,776 ​ $ (611) ​ $ 58,193 ​ $ (7,155) ​ $ 66,969 ​ $ (7,766) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 21,848 ​ $ (723) ​ $ 37,256 ​ $ (3,011) ​ $ 59,104 ​ $ (3,734) Mortgage-backed securities ​ 36,089 ​ (3,588) ​ 22,549 ​ (5,009) ​ 58,638 ​ (8,597) Municipals ​ ​ — ​ ​ — ​ ​ 1,549 ​ ​ (718) ​ ​ 1,549 ​ ​ (718) Subordinated debt ​ 5,305 ​ (498) ​ 2,007 ​ (243) ​ 7,312 ​ (741) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 63,242 ​ $ (4,809) ​ $ 63,361 ​ $ (8,981) ​ $ 126,603 ​ $ (13,790) ​ As of December 31, 2023, there were 56 investments available for sale totaling $67.0 million that were in a loss position and had an unrealized loss of $7.8 million. As of December 31, 2022, there were $63.4 million, or 28 issues, of individual available for sale securities that had been in a continuous loss position for more than 12 months. These securities had an unrealized loss of $9.0 million and consisted of U.S. Government agency obligations, mortgage-backed securities, municipals and subordinated debt. All of the unrealized losses are attributable to increases in interest rates and not to credit deterioration. Currently, the Company believes that it is probable that the Company will be able to collect all amounts due according to the contractual terms of the investments. Because the declines in fair value are attributable to changes in interest rates and not to credit quality, and because it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company has not recorded an allowance for credit losses on these investments at December 31, 2023. The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2023, by contractual maturity, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Less than one year ​ $ 19,990 ​ $ 19,928 One to five years ​ ​ 10,805 ​ ​ 10,883 Five to ten years ​ 17,370 ​ 15,781 More than ten years ​ 64,513 ​ ​ 58,993 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 112,678 ​ $ 105,585 ​

Loans

Loans	12 Months Ended
	Dec. 31, 2023
Loans and allowance for credit losses
Loans and allowance for credit losses	Note 3. Loans Loans classified by type as of December 31, 2023 and 2022 are as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Amount % Amount % ​ Construction and land development ​ ​ ​ Residential ​ $ 10,471 1.82 % $ 9,727 1.81 % Commercial ​ 37,024 6.44 % 35,400 6.57 % ​ ​ 47,495 8.26 % 45,127 8.38 % Commercial real estate ​ ​ ​ Owner occupied ​ 122,666 21.33 % 119,643 22.22 % Non-owner occupied ​ 154,855 26.93 % 153,610 28.53 % Multifamily ​ 12,743 2.22 % 11,291 2.10 % Farmland ​ 326 0.06 % 73 0.01 % ​ ​ 290,590 50.54 % 284,617 52.86 % Consumer real estate ​ ​ ​ Home equity lines ​ 21,557 3.75 % 18,421 3.42 % Secured by 1-4 family residential, ​ ​ ​ First deed of trust ​ 95,638 16.63 % 67,495 12.54 % Second deed of trust ​ 11,337 1.97 % 7,764 1.44 % ​ ​ 128,532 22.35 % 93,680 17.40 % Commercial and industrial loans ​ ​ ​ (except those secured by real estate) ​ 86,203 14.99 % 90,348 16.78 % Guaranteed student loans ​ 17,923 3.12 % 20,617 3.83 % Consumer and other ​ 4,265 0.74 % 4,038 0.75 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ 575,008 100.0 % 538,427 100.0 % Deferred and costs, net ​ 803 ​ ​ 588 ​ ​ Less: allowance for credit losses ​ (3,423) ​ ​ (3,370) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 572,388 ​ ​ ​ $ 535,645 ​ ​ ​ ​ The Bank has a purchased portfolio of rehabilitated student loans guaranteed by the DOE. The guarantee covers approximately 98% of principal and accrued interest. The loans are serviced by a third-party servicer that specializes in handling the special needs of the DOE student loan programs. Loans pledged as collateral with the FHLB as part of their lending arrangements with the Company totaled $35.5 million and $33.7 million as of December 31, 2023 and 2022, respectively. The following is a summary of loans directly or indirectly with executive officers or directors of the Company for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 4,365 ​ $ 5,922 Additions ​ 6,774 ​ 7,662 Effect of changes in composition of related parties ​ (160) ​ — Reductions ​ (6,063) ​ (9,219) ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 4,916 ​ $ 4,365 ​ Executive officers and directors also had unused credit lines totaling $774,000 and $2,223,000 at December 31, 2023 and 2022, respectively. Based on management’s evaluation all loans and credit lines to executive officers and directors were made in the ordinary course of business at the Company’s normal credit terms, including interest rate and collateralization prevailing at the time for comparable transactions with other persons. Loans are considered past due if the required principal and interest payments have not been received as of the date such payments were due. Loans are placed on nonaccrual status when, in management’s opinion, the borrower may be unable to meet payment obligations as they become due, as well as when required by regulatory provisions. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income is subsequently recognized only to the extent cash payments are received in excess of principal due. Loans are returned to accrual status when all principal and interest amounts contractually due are brought current and future payments are reasonably assured. The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Consumer real estate ​ ​ Home equity lines ​ $ — ​ $ 300 Secured by 1-4 family residential ​ ​ First deed of trust ​ 160 ​ 164 Second deed of trust ​ 105 ​ 171 ​ ​ 265 ​ 635 Commercial and industrial loans ​ ​ (except those secured by real estate) ​ 26 ​ 19 ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 291 ​ $ 654 ​ There were no individual allowances associated with the total nonaccrual loans of $291,000 and $654,000 at December 31, 2023 and December 31, 2022, respectively, that were considered collateral dependent. The Company assigns risk rating classifications to its loans. These risk ratings are divided into the following groups: ● Risk rated 1 to 4 loans are considered of sufficient quality to preclude an adverse rating. These assets generally are well protected by the current net worth and paying capacity of the obligor or by the value of the asset or underlying collateral; ● Risk rated 5 loans are defined as having potential weaknesses that deserve management’s close attention; ● Risk rated 6 loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any; and ● Risk rated 7 loans have all the weaknesses inherent in substandard loans, with the added characteristics 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 tables provide information on the risk rating of loans at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rated Risk Rated Risk Rated Risk Rated Total ​ ​ 1 ‑ 4 ​ 5 ​ 6 ​ 7 ​ Loans December 31, 2022 ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ Residential ​ $ 9,727 ​ $ — ​ $ — ​ $ — ​ $ 9,727 Commercial ​ 32,763 ​ 2,637 ​ — ​ — ​ 35,400 ​ ​ 42,490 ​ 2,637 ​ — ​ — ​ 45,127 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 115,825 ​ 2,583 ​ 1,235 ​ — ​ 119,643 Non-owner occupied ​ 143,458 ​ 10,152 ​ — ​ — ​ 153,610 Multifamily ​ 11,291 ​ — ​ — ​ — ​ 11,291 Farmland ​ 73 ​ — ​ — ​ — ​ 73 ​ ​ 270,647 ​ 12,735 ​ 1,235 ​ — ​ 284,617 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 17,507 ​ 614 ​ 300 ​ — ​ 18,421 Secured by 1-4 family residential ​ ​ ​ ​ ​ First deed of trust ​ 66,616 ​ 407 ​ 472 ​ — ​ 67,495 Second deed of trust ​ 7,517 ​ 72 ​ 175 ​ — ​ 7,764 ​ ​ 91,640 ​ 1,093 ​ 947 ​ — ​ 93,680 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 83,848 ​ 6,481 ​ 19 ​ — ​ 90,348 Guaranteed student loans ​ 20,617 ​ — ​ — ​ — ​ 20,617 Consumer and other ​ 4,017 ​ — ​ 21 ​ — ​ 4,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 513,259 ​ $ 22,946 ​ $ 2,222 ​ $ — ​ $ 538,427 ​ Management considers the guidance in ASC 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. As of December 31, 2023, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ ​ 2019 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,320 ​ $ 3,812 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Residential ​ $ 6,320 ​ $ 3,812 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 5,007 ​ ​ 14,506 ​ ​ 10,339 ​ ​ 235 ​ ​ — ​ ​ 1,183 ​ ​ 5,754 ​ ​ — ​ ​ 37,024 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial ​ $ 5,007 ​ $ 14,506 ​ $ 10,339 ​ $ 235 ​ $ — ​ $ 1,183 ​ $ 5,754 ​ $ — ​ $ 37,024 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 11,945 ​ ​ 21,846 ​ ​ 20,044 ​ ​ 9,855 ​ ​ 12,145 ​ ​ 41,067 ​ ​ 788 ​ ​ — ​ ​ 117,690 Special Mention ​ ​ — ​ ​ 202 ​ ​ 73 ​ ​ — ​ ​ — ​ ​ 4,701 ​ ​ — ​ ​ — ​ ​ 4,976 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Owner occupied ​ $ 11,945 ​ $ 22,048 ​ $ 20,117 ​ $ 9,855 ​ $ 12,145 ​ $ 45,768 ​ $ 788 ​ $ — ​ $ 122,666 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 9,468 ​ ​ 25,607 ​ ​ 28,455 ​ ​ 23,567 ​ ​ 9,528 ​ ​ 47,645 ​ ​ 3,312 ​ ​ — ​ ​ 147,582 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ ​ 2019 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans Special Mention ​ ​ — ​ ​ — ​ ​ 2,173 ​ ​ — ​ ​ — ​ ​ 5,100 ​ ​ — ​ ​ — ​ ​ 7,273 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Non-owner occupied ​ $ 9,468 ​ $ 25,607 ​ $ 30,628 ​ $ 23,567 ​ $ 9,528 ​ $ 52,745 ​ $ 3,312 ​ $ — ​ $ 154,855 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 1,300 ​ ​ — ​ ​ 2,503 ​ ​ 548 ​ ​ 885 ​ ​ 6,113 ​ ​ 1,394 ​ ​ — ​ ​ 12,743 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Multifamily ​ $ 1,300 ​ $ — ​ $ 2,503 ​ $ 548 ​ $ 885 ​ $ 6,113 ​ $ 1,394 ​ $ — ​ $ 12,743 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 26 ​ ​ 300 ​ ​ — ​ ​ 326 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Farmland ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 300 ​ $ — ​ $ 326 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ 446 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,036 ​ ​ — ​ ​ 21,482 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Home equity lines ​ $ — ​ $ 446 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 21,111 ​ $ — ​ $ 21,557 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 34,067 ​ ​ 14,288 ​ ​ 15,613 ​ ​ 8,107 ​ ​ 2,957 ​ ​ 17,427 ​ ​ 2,125 ​ ​ — ​ ​ 94,584 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 170 ​ ​ — ​ ​ 724 ​ ​ — ​ ​ — ​ ​ 894 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 160 ​ ​ — ​ ​ — ​ ​ 160 Total First deed of trust ​ $ 34,067 ​ $ 14,288 ​ $ 15,613 ​ $ 8,277 ​ $ 2,957 ​ $ 18,311 ​ $ 2,125 ​ $ — ​ $ 95,638 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Second deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,530 ​ ​ 3,207 ​ ​ 1,027 ​ ​ 397 ​ ​ 1,067 ​ ​ 626 ​ ​ 266 ​ ​ — ​ ​ 11,120 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 45 ​ ​ 67 ​ ​ — ​ ​ — ​ ​ 112 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 105 ​ ​ — ​ ​ — ​ ​ 105 Total Second deed of trust ​ $ 4,530 ​ $ 3,207 ​ $ 1,027 ​ $ 397 ​ $ 1,112 ​ $ 798 ​ $ 266 ​ $ ​ ​ $ 11,337 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 15,022 ​ ​ 15,900 ​ ​ 15,321 ​ ​ 5,634 ​ ​ 2,852 ​ ​ 3,698 ​ ​ 27,068 ​ ​ — ​ ​ 85,495 Special Mention ​ ​ 37 ​ ​ — ​ ​ — ​ ​ — ​ ​ 318 ​ ​ 22 ​ ​ 306 ​ ​ — ​ ​ 683 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ — ​ ​ 12 ​ ​ — ​ ​ — ​ ​ 25 Total Commercial and industrial ​ $ 15,059 ​ $ 15,900 ​ $ 15,321 ​ $ 5,647 ​ $ 3,170 ​ $ 3,732 ​ $ 27,374 ​ $ — ​ $ 86,203 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Guaranteed student loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,923 ​ ​ — ​ ​ — ​ ​ 17,923 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Guaranteed student loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 17,923 ​ $ — ​ $ — ​ $ 17,923 Current period gross writeoff ​ $ 30 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 455 ​ ​ 483 ​ ​ 123 ​ ​ 50 ​ ​ 17 ​ ​ 11 ​ ​ 3,126 ​ ​ — ​ ​ 4,265 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer and other ​ $ 455 ​ $ 483 ​ $ 123 ​ $ 50 ​ $ 17 ​ $ 11 ​ $ 3,126 ​ $ ​ ​ $ 4,265 Current period gross writeoff ​ $ 3 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total Current period gross writeoff ​ $ 33 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total loans ​ $ 88,151 ​ $ 100,297 ​ $ 96,010 ​ $ 48,576 ​ $ 29,814 ​ $ 146,610 ​ $ 65,550 ​ $ — ​ $ 575,008 ​ The following tables present the aging of the recorded investment in past due loans as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment > ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ Than ​ Total Past ​ ​ ​ ​ Total ​ 90 Days and ​ ​ Past Due ​ Past Due ​ 90 Days ​ Due ​ Current ​ Loans ​ Accruing December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 ​ $ 10,471 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 37,024 ​ 37,024 ​ — ​ ​ — ​ — ​ — ​ — ​ 47,495 ​ 47,495 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 122,666 ​ 122,666 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 154,855 ​ 154,855 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 12,743 ​ 12,743 ​ — Farmland ​ — ​ — ​ — ​ — ​ 326 ​ 326 ​ — ​ ​ — ​ — ​ — ​ — ​ 290,590 ​ 290,590 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 83 ​ 25 ​ — ​ 108 ​ 21,449 ​ 21,557 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 95,638 ​ 95,638 ​ — Second deed of trust ​ 33 ​ — ​ — ​ 33 ​ 11,304 ​ 11,337 ​ — ​ ​ 116 ​ 25 ​ — ​ 141 ​ 128,391 ​ 128,532 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ — ​ — ​ — ​ — ​ 86,203 ​ 86,203 ​ — Guaranteed student loans ​ 690 ​ 493 ​ 2,228 ​ 3,411 ​ 14,512 ​ 17,923 ​ 2,228 Consumer and other ​ 734 ​ — ​ — ​ 734 ​ 3,531 ​ 4,265 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,540 ​ $ 518 ​ $ 2,228 ​ $ 4,286 ​ $ 570,722 ​ $ 575,008 ​ $ 2,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment > ​ ​ 30-59 Days ​ 60-89 Days ​ Than ​ Total Past ​ ​ ​ ​ Total ​ 90 Days and ​ ​ Past Due ​ Past Due ​ 90 Days ​ Due ​ Current ​ Loans ​ Accruing December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,727 ​ $ 9,727 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 35,400 ​ 35,400 ​ — ​ ​ — ​ — ​ — ​ — ​ 45,127 ​ 45,127 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 119,643 ​ 119,643 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 153,610 ​ 153,610 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 11,291 ​ 11,291 ​ — Farmland ​ — ​ — ​ — ​ — ​ 73 ​ 73 ​ — ​ ​ — ​ — ​ — ​ — ​ 284,617 ​ 284,617 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ 50 ​ — ​ 50 ​ 18,371 ​ 18,421 ​ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 67,495 ​ 67,495 ​ — Second deed of trust ​ 54 ​ — ​ — ​ 54 ​ 7,710 ​ 7,764 ​ — ​ ​ 54 ​ 50 ​ — ​ 104 ​ 93,576 ​ 93,680 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 1,022 ​ — ​ 377 ​ 1,399 ​ 88,949 ​ 90,348 ​ — Guaranteed student loans ​ 831 ​ 390 ​ 1,725 ​ 2,946 ​ 17,671 ​ 20,617 ​ 1,725 Consumer and other ​ — ​ — ​ — ​ — ​ 4,038 ​ 4,038 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,907 ​ $ 440 ​ $ 2,102 ​ $ 4,449 ​ $ 533,978 ​ $ 538,427 ​ $ 1,725 ​ Loans greater than 90 days past due consist of student loans that are guaranteed by the DOE which covers approximately 98% of the principal and interest. Accordingly, these loans will not be placed on nonaccrual status and are not considered to be impaired. Loans that are individually evaluated for credit losses are limited to loans that have specific risk characteristics that are not shared by other loans and based on current information and events it is probable the Company will be unable to collect all amounts when due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. The repayment of these loans is expected to be substantially through the operations or the sale of the collateral. The allowance for credit losses on loans that are individually evaluated will be measured based on the fair value of the collateral either through operations or the sale of the collateral. When repayment is expected through the sale of the collateral, the allowance will be based on the fair value of the collateral less estimated costs to sell. Collateral dependent loans, or portions thereof, are charged off when deemed uncollectible. Collateral dependent loans are set forth in the following table as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ ​ Investment ​ Balance ​ Allowance ​ Investment ​ Balance ​ Allowance With no related allowance recorded ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ $ — ​ $ — ​ $ — ​ $ 4,332 ​ $ 4,347 ​ $ — Non-owner occupied ​ — ​ — ​ — ​ 312 ​ 312 ​ — ​ ​ — ​ — ​ — ​ 4,644 ​ 4,659 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ — ​ — ​ 300 ​ 300 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 160 ​ 160 ​ — ​ 1,745 ​ 1,745 ​ — Second deed of trust ​ 105 ​ 105 ​ — ​ 195 ​ 300 ​ — ​ ​ 265 ​ 265 ​ — ​ 2,240 ​ 2,345 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 26 ​ 26 ​ — ​ 19 ​ 19 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 291 ​ 291 ​ — ​ 6,903 ​ 7,023 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ 251 ​ 251 ​ 2 ​ ​ — ​ — ​ — ​ 251 ​ 251 ​ 2 Consumer real estate ​ ​ ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ 136 ​ 136 ​ 6 ​ ​ — ​ — ​ — ​ 136 ​ 136 ​ 6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 21 ​ ​ 1 ​ ​ — ​ — ​ — ​ 408 ​ 408 ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ 4,583 ​ 4,598 ​ 2 Non-owner occupied ​ — ​ — ​ — ​ 312 ​ 312 ​ — ​ ​ — ​ — ​ — ​ 4,895 ​ 4,910 ​ 2 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ — ​ — ​ 300 ​ 300 ​ — Secured by 1-4 family residential, ​ ​ ​ ​ ​ ​ First deed of trust ​ 160 ​ 160 ​ — ​ 1,881 ​ 1,881 ​ 6 Second deed of trust ​ 105 ​ 105 ​ — ​ 195 ​ 300 ​ — ​ ​ 265 ​ 265 ​ — ​ 2,376 ​ 2,481 ​ 6 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 26 ​ 26 ​ — ​ 19 ​ 19 ​ — Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 21 ​ ​ 1 ​ ​ $ 291 ​ $ 291 ​ $ — ​ $ 7,311 ​ $ 7,431 ​ $ 9 ​ The following is a summary of average recorded investment in individually evaluated loans with and without valuation allowance and interest income recognized on those loans for periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 ​ 2022 ​ Average Interest Average Interest ​ Recorded ​ Income ​ Recorded ​ Income ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded ​ ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied $ 1,166 ​ $ 208 ​ $ 4,339 ​ $ 159 Non-owner occupied — ​ — ​ 857 ​ 20 ​ 1,166 ​ 208 ​ 5,196 ​ 179 Consumer real estate ​ ​ ​ Home equity lines 74 ​ — ​ 300 ​ 27 Secured by 1-4 family residential ​ ​ ​ First deed of trust 169 ​ 8 ​ 1,798 ​ 70 Second deed of trust 108 ​ 4 ​ 217 ​ 10 ​ 351 ​ 12 ​ 2,315 ​ 107 Commercial and industrial loans ​ ​ ​ (except those secured by real estate) 57 ​ 8 ​ 94 ​ 4 ​ 1,574 ​ 228 ​ 7,605 ​ 290 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied — ​ — ​ 257 ​ 15 ​ — ​ — ​ 257 ​ 15 Consumer real estate ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ First deed of trust — ​ — ​ 121 ​ 7 Second deed of trust — ​ — ​ 49 ​ — ​ — ​ — ​ 170 ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other — ​ — ​ 11 ​ — ​ — ​ — ​ 438 ​ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied 1,166 ​ 208 ​ 4,596 ​ 174 Non-owner occupied — ​ — ​ 857 ​ 20 ​ 1,166 ​ 208 ​ 5,453 ​ 194 Consumer real estate ​ ​ ​ Home equity lines 74 ​ — ​ 300 ​ 27 Secured by 1-4 family residential, ​ ​ ​ First deed of trust 169 ​ 8 ​ 1,919 ​ 77 Second deed of trust 108 ​ 4 ​ 266 ​ 10 ​ 351 ​ 12 ​ 2,485 ​ 114 Commercial and industrial loans ​ ​ ​ (except those secured by real estate) 57 ​ 8 ​ 94 ​ 4 Consumer and other — ​ — ​ 11 ​ — ​ $ 1,574 ​ $ 228 ​ $ 8,043 ​ $ 312 ​ Loan Modifications to Borrowers in Financial Difficulty ​ As part of its credit risk management, the Company may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement. There were no modified loans identified during the year ended December 31, 2023. Prior Period Troubled Debt Restructuring Disclosures Prior to adopting the new accounting standard on loan modifications, the Company accounted for modifications of loans to borrowers experiencing financial difficulties as TDRs, when the modification resulted in a concession. The following discussion reflects loans that are considered TDRs prior to January 1, 2023. Included in impaired loans are loans classified as TDRs. A modification of a loan’s terms constitutes a TDR if the creditor grants a concession to the borrower for economic or legal reasons related to the borrower’s financial difficulties that it would not otherwise consider. For loans classified as impaired TDRs, the Company further evaluates the loans as performing or nonaccrual. To restore a nonaccrual loan that has been formally restructured in a TDR to accrual status, we perform a current, well documented credit analysis supporting a return to accrual status based on the borrower’s financial condition and prospects for repayment under the revised terms. Otherwise, the TDR must remain in nonaccrual status. The analysis considers the borrower’s sustained historical repayment performance for a reasonable period to the return-to-accrual date, but may take into account payments made for a reasonable period prior to the restructuring if the payments are consistent with the modified terms. A sustained period of repayment performance generally would be a minimum of six months and would involve payments in the form of cash or cash equivalents. An accruing loan that is modified in a TDR can remain in accrual status if, based on a current well-documented credit analysis, collection of principal and interest in accordance with the modified terms is reasonably assured, and the borrower has demonstrated sustained historical repayment performance for a reasonable period before modification. The following is a summary of performing and nonaccrual TDRs and the related specific valuation allowance by portfolio segment as of December 31, 2022 (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ Total ​ Performing ​ Nonaccrual Allowance December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ $ 3,348 ​ $ 3,348 ​ $ — ​ $ 2 Non-owner occupied ​ 312 ​ 312 ​ — ​ — ​ ​ 3,660 ​ 3,660 ​ — ​ 2 Consumer real estate ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ First deeds of trust ​ 1,409 ​ 1,409 ​ — ​ 6 Second deeds of trust ​ 75 ​ 19 ​ 56 ​ — ​ ​ 1,484 ​ 1,428 ​ 56 ​ 6 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 19 ​ — ​ 19 ​ — ​ ​ $ 5,163 ​ $ 5,088 ​ $ 75 ​ $ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of loans ​ 24 ​ 22 ​ 2 ​ 3 ​ There were no new TDRs identified for the year ended December 31, 2022 ​ A TDR payment default occurs when, within 12 months of the original TDR modification, either a full or partial charge-off occurs or a TDR becomes 90 days or more past due. The specific reserve associated with a TDR is reevaluated when a TDR payment default occurs. There were no defaults on TDRs that were modified as TDRs during the twelve-month period ended December 31, 2022.

Allowance for Loan Losses

Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2023
Provision for Loan, Lease, and Other Losses [Abstract]
Allowance for Loan Losses	Note 4. Allowance for Credit Losses In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, changes in collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. ​ Activity in the allowance for credit losses is as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 4 ​ $ — ​ $ — ​ $ 86 Commercial ​ 192 ​ 34 ​ 2 ​ — ​ — ​ 228 ​ ​ 271 ​ 37 ​ 6 ​ — ​ — ​ 314 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 17 ​ — ​ — ​ 409 Non-owner occupied ​ 1,289 ​ 192 ​ (14) ​ — ​ — ​ 1,467 Multifamily ​ 33 ​ 7 ​ 4 ​ — ​ — ​ 44 Farmland ​ — ​ — ​ 3 ​ — ​ — ​ 3 ​ ​ 2,189 ​ (276) ​ 10 ​ — ​ — ​ 1,923 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 5 ​ — ​ — ​ 40 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 83 ​ — ​ 3 ​ 293 Second deed of trust ​ 43 ​ 25 ​ 15 ​ — ​ 16 ​ 99 ​ ​ 185 ​ 125 ​ 103 ​ — ​ 19 ​ 432 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (110) ​ — ​ 173 ​ 640 Student loans ​ 52 ​ — ​ 35 ​ (30) ​ — ​ 57 Consumer and other ​ 37 ​ (5) ​ 7 ​ (3) ​ — ​ 36 Unallocated ​ 60 ​ (9) ​ (30) ​ — ​ — ​ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 21 ​ $ (33) ​ $ 192 ​ $ 3,423 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ Loan Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ Residential ​ $ 57 ​ $ 22 ​ $ — ​ $ — ​ $ 79 Commercial ​ 229 ​ (37) ​ — ​ — ​ 192 ​ ​ 286 ​ (15) ​ — ​ — ​ 271 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 833 ​ 34 ​ — ​ — ​ 867 Non-owner occupied ​ 1,083 ​ 206 ​ — ​ — ​ 1,289 Multifamily ​ 35 ​ (2) ​ — ​ — ​ 33 Farmland ​ 2 ​ (2) ​ — ​ — ​ — ​ ​ 1,953 ​ 236 ​ — ​ — ​ 2,189 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 12 ​ (59) ​ — ​ 58 ​ 11 Secured by 1-4 family residential ​ ​ ​ ​ ​ First deed of trust ​ 123 ​ 3 ​ — ​ 5 ​ 131 Second deed of trust ​ 47 ​ (311) ​ (27) ​ 334 ​ 43 ​ ​ 182 ​ (367) ​ (27) ​ 397 ​ 185 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 486 ​ 180 ​ (157) ​ 67 ​ 576 Student loans ​ 65 ​ 18 ​ (31) ​ — ​ 52 Consumer and other ​ 29 ​ 10 ​ (2) ​ — ​ 37 Unallocated ​ 422 ​ (362) ​ — ​ — ​ 60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ (300) ​ $ (217) ​ $ 464 ​ $ 3,370 ​ Loans are required to be measured at amortized costs and to be presented at the net amount expected to be collected. Off balance sheet credit exposures, including loan commitments, are not recorded on balance sheet, but expected credit losses arising from off balance sheet credit exposures are recorded as a reserve for unfunded commitments and reported in Other Liabilities. Credit losses on available for sale debt securities are accounted for as an allowance for credit losses, which is a valuation account that is deducted from the amortized cost basis of the financial asset to present the net carrying value and the amount expected to be collected on the financial assets. The allowance for credit losses on loans, available for sale debt securities and the reserve for unfunded commitments are established through a provision for credit losses charged against earnings. Amounts reported for the year ended December 31, 2023 are in accordance with ASC 326, whereas amounts reported for periods prior to January 1, 2023 are presented in accordance with previously applicable GAAP. The following table presents a breakdown of the provision for credit losses for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ Provision for credit losses: ​ ​ ​ ​ ​ Provision (recovery) for loans ​ $ 21 ​ $ (300) ​ Provision (recovery) for unfunded commitments ​ ​ 29 ​ ​ — ​ Total ​ $ 50 ​ $ (300) ​ ​ On January 1, 2023, the Commercial Banking Segment adopted the CECL methodology for estimating credit losses, which resulted in an increase of $150,000 in the allowance for credit losses on January 1, 2023. The allowance for credit losses included an allowance for credit losses on loans of $3.24 million and a reserve for unfunded commitments of $277,000. As of December 31, 2023, the allowance for credit losses was $3.73 million and included an allowance for credit losses on loans of $3.42 million and a reserve for unfunded commitments of $306,000. ​ The Company recorded a provision for credit losses for loans of $21,000 for the year ended December 31, 2023, which was the result of loan growth being offset by improved credit metrics as non-performing loans as a percentage of loans decreased from 0.12% at December 31, 2022 to 0.05% at December 31, 2023, and the impact of $159,000 in net-recoveries for the period. The Company recorded a provision for credit losses for unfunded commitments of $29,000 for the year ended December 31, 2023, which was driven by an increase in the total balance of unfunded commitments at December 31, 2023. The following information is presented prior to the adoption of ASC 326. The amount of the allowance for loan losses was determined by an evaluation of the level of loans outstanding, the level of non-performing loans, historical loan loss experience, delinquency trends, underlying collateral values, the amount of actual losses charged to the reserve in a given period and assessment of present and anticipated economic conditions. The level of the allowance reflected changes in the size of the portfolio or in any of its components as well as management’s continuing evaluation of industry concentrations, specific credit risks, loan loss experience, current loan portfolio quality, and present economic, political and regulatory conditions. Portions of the allowance were allocated for specific credits; however, the entire allowance was available for any credit that, in management’s judgment, should be charged off. While management utilized its best judgment and information available, the ultimate adequacy of the allowance was dependent upon a variety of factors beyond the Company’s control, including the performance of the Company’s loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. The Company recorded a recovery of provision for loan loss expense of $300,000 for the year ended December 31, 2022. The recovery of provision for loan loss expense for the year ended December 31, 2022 resulted from reductions in qualitative factors driven by improving economic factors, improved credit metrics, and reduction in loan deferrals. The allowance for loan losses at December 31, 2022 included an amount that could not be identified to individual types of loans referred to as the unallocated portion of the allowance. We recognize the inherent imprecision in estimates of losses due to various uncertainties and the variability related to the factors used in calculation of the allowance. The allowance for loan losses included an unallocated portion of approximately $60,000 at December 31, 2022. Loans were evaluated for the need for credit reserve as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans ​ ​ Allowance ​ Loans ​ Ending ​ ​ ​ ​ Ending ​ ​ ​ ​ ​ Balance Individually Collectively Balance Individually Collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ — ​ $ 86 ​ $ 10,471 ​ $ — ​ $ 10,471 Commercial ​ 228 ​ — ​ 228 ​ 37,024 ​ — ​ 37,024 ​ ​ 314 ​ — ​ 314 ​ 47,495 ​ — ​ 47,495 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ — ​ 409 ​ 122,666 ​ — ​ 122,666 Non-owner occupied ​ 1,467 ​ — ​ 1,467 ​ 154,855 ​ — ​ 154,855 Multifamily ​ 44 ​ — ​ 44 ​ 12,743 ​ — ​ 12,743 Farmland ​ 3 ​ — ​ 3 ​ 326 ​ — ​ 326 ​ ​ 1,923 ​ — ​ 1,923 ​ 290,590 ​ — ​ 290,590 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ — ​ 40 ​ 21,557 ​ — ​ 21,557 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 293 ​ — ​ 293 ​ 95,638 ​ 160 ​ 95,478 Second deed of trust ​ 99 ​ — ​ 99 ​ 11,337 ​ 105 ​ 11,232 ​ ​ 432 ​ — ​ 432 ​ 128,532 ​ 265 ​ 128,267 Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ — ​ 640 ​ 86,203 ​ 26 ​ 86,177 Student loans ​ 57 ​ — ​ 57 ​ 17,923 ​ — ​ 17,923 Consumer and other ​ 57 ​ — ​ 57 ​ 4,265 ​ — ​ 4,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ — ​ $ 3,423 ​ $ 575,008 ​ $ 291 ​ $ 574,717 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ — ​ $ 79 ​ $ 9,727 ​ $ — ​ $ 9,727 Commercial ​ 192 ​ — ​ 192 ​ 35,400 ​ — ​ 35,400 ​ ​ 271 ​ — ​ 271 ​ 45,127 ​ — ​ 45,127 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ 2 ​ 865 ​ 119,643 ​ 4,583 ​ 115,060 Non-owner occupied ​ 1,289 ​ — ​ 1,289 ​ 153,610 ​ 312 ​ 153,298 Multifamily ​ 33 ​ — ​ 33 ​ 11,291 ​ — ​ 11,291 Farmland ​ — ​ — ​ — ​ 73 ​ — ​ 73 ​ ​ 2,189 ​ 2 ​ 2,187 ​ 284,617 ​ 4,895 ​ 279,722 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ — ​ 11 ​ 18,421 ​ 300 ​ 18,121 Secured by 1-4 family residential ​ ​ ​ — ​ ​ ​ First deed of trust ​ 131 ​ 6 ​ 125 ​ 67,495 ​ 1,881 ​ 65,614 Second deed of trust ​ 43 ​ — ​ 43 ​ 7,764 ​ 195 ​ 7,569 ​ ​ 185 ​ 6 ​ 179 ​ 93,680 ​ 2,376 ​ 91,304 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ — ​ 576 ​ 90,348 ​ 19 ​ 90,329 Student loans ​ 52 ​ — ​ 52 ​ 20,617 ​ — ​ 20,617 Consumer and other ​ 97 ​ 1 ​ 96 ​ 4,038 ​ 21 ​ 4,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ 9 ​ $ 3,361 ​ $ 538,427 ​ $ 7,311 ​ $ 531,116 ​

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2023
Premises and Equipment
Premises and Equipment	Note 5. Premises and Equipment The following is a summary of premises and equipment as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Land ​ $ 4,352 ​ $ 4,352 Buildings and improvements ​ 11,448 ​ 11,444 Furniture, fixtures and equipment ​ 8,500 ​ 7,945 Total premises and equipment ​ 24,300 ​ 23,741 Less: Accumulated depreciation and amortization ​ (12,540) ​ (11,993) ​ ​ ​ ​ ​ ​ ​ Premises and equipment, net ​ $ 11,760 ​ $ 11,748 ​ Depreciation and amortization of premises and equipment for 2023 and 2022 amounted to $604,000 and $546,000, respectively.

Investment in Bank Owned Life I

Investment in Bank Owned Life Insurance	12 Months Ended
	Dec. 31, 2023
Investment in Bank Owned Life Insurance.
Investment in Bank Owned Life Insurance	Note 6. Investment in Bank Owned Life Insurance The Bank is owner and designated beneficiary on life insurance policies in the aggregate face amount of $21,844,000 covering certain of its directors and executive officers. The earnings from these policies are used to offset expenses related to retirement plans. The cash surrender value of these policies at December 31, 2023 and 2022 was approximately $13,120,000 and $12,798,000, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2023
Deposits
Deposits	Note 7. Deposits Deposits as of December 31, 2023 and 2022 were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Amount % Amount % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ $ 247,624 40.9 % $ 255,236 40.9 % Interest checking accounts ​ 76,289 12.6 % 90,252 14.4 % Money market accounts ​ 195,249 32.3 % 179,036 28.6 % Savings accounts ​ 39,633 6.5 % 55,695 8.9 % Time deposits of $250,000 and over ​ 9,145 1.5 % 4,740 0.8 % Other time deposits ​ 37,405 6.2 % 39,784 6.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 605,345 100.0 % $ 624,743 100.0 % ​ The following are the scheduled maturities of time deposits as of December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ Year Ending ​ Less Than ​ or Equal to ​ ​ ​ December 31, ​ $250,000 ​ $250,000 ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ $ 29,997 ​ $ 8,606 ​ $ 38,603 2025 ​ 3,442 ​ — ​ 3,442 2026 ​ 2,443 ​ — ​ 2,443 2027 ​ 878 ​ 539 ​ 1,417 2028 ​ 645 ​ — ​ 645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 37,405 ​ $ 9,145 ​ $ 46,550 ​ Deposits held at the Company by related parties, which include officers, directors, greater than 5% shareholders and companies in which directors of the board have a significant ownership interest, approximated $10,868,000 and $15,366,000 at December 31, 2023 and 2022, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Borrowings
Borrowings	Note 8. Borrowings The Company uses both short-term and long-term borrowings to supplement deposits when they are available at a lower overall cost to the Company or they can be invested at a positive rate of return. As a member of the Federal Home Loan Bank of Atlanta, the Bank is required to own capital stock in the FHLB and is authorized to apply for advances from the FHLB. The Company held $2,644,000 in FHLB stock at December 31, 2023 and $1,223,000 at December 31, 2022, which is held at cost. Each FHLB credit program has its own interest rate, which may be fixed or variable, and range of maturities. The FHLB may prescribe the acceptable uses to which the advances may be put, as well as on the size of the advances and repayment provisions. FHLB borrowings are secured by the pledge of commercial loans and 1-4 family residential loans. The Company had FHLB advances of $45,000,000 and $20,000,000 at December 31, 2023 and 2022, respectively. The Company uses federal funds purchased and repurchase agreements for short-term borrowing needs. Securities sold under agreements to repurchase are classified as borrowings and generally mature within one to four days from the transaction date. Securities sold under agreements to repurchase are reflected at the amount of cash received in connection with the transaction. The Company may be required to provide additional collateral based on the fair value of the underlying securities. There were no borrowings against the lines at December 31, 2023 or December 31, 2022. The Company’s unused lines of credit for future borrowings total approximately $26.2 million at December 31, 2023, which consists of $3.4 million available from the FHLB, $20.0 million on revolving bank line of credit, and $2.8 million under secured federal funds agreements with third party financial institutions. Additional loans and securities are available that can be pledged as collateral for future borrowings from the Federal Reserve Bank of Richmond or the FHLB above the current lendable collateral value. ​ Information related to borrowings as of December 31, 2023 and 2022 is as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ Maximum outstanding during the year ​ ​ ​ Federal Funds Purchased ​ $ 6,498 ​ $ 6,000 ​ FHLB advances ​ ​ 45,000 ​ ​ 20,000 ​ Balance outstanding at end of year ​ ​ ​ ​ Federal Funds Purchased ​ ​ — ​ ​ — ​ FHLB advances ​ 45,000 ​ 20,000 ​ Average amount outstanding during the year ​ ​ ​ ​ Federal Funds Purchased ​ ​ 207 ​ ​ 2 ​ FHLB advances ​ 33,356 ​ 164 ​ Average interest rate during the year ​ ​ ​ ​ Federal Funds Purchased ​ ​ 4.25 % ​ 4.61 % FHLB advances ​ 4.71 % 4.65 % Average interest rate at end of year ​ ​ ​ ​ Federal Funds Purchased ​ ​ — % ​ — % FHLB advances ​ 4.89 % 4.57 % ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Taxes
Income Taxes	Note 9. Income Taxes The following summarizes the tax effects of temporary differences that comprise deferred tax assets and liabilities at December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred tax assets ​ ​ Capital loss carryforward ​ $ 25 ​ $ 25 Allowance for credit losses ​ 719 ​ 708 Unfunded commitment liability ​ ​ 64 ​ ​ — Unrealized loss on available for sale securities ​ ​ 1,489 ​ ​ 2,887 Interest on nonaccrual loans ​ 18 ​ 18 Stock compensation ​ 81 ​ 78 Employee benefits ​ 764 ​ 836 Depreciation ​ ​ 21 ​ ​ 24 Lease obligation ​ 6 ​ 5 Other, net ​ 35 ​ 63 ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ 3,222 ​ 4,644 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ Deferred costs, net of fees ​ ​ 169 ​ ​ 123 Pension expense ​ ​ 10 ​ ​ 6 Total deferred tax liabilities ​ 179 ​ 129 ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset ​ $ 3,043 ​ $ 4,515 ​ The net deferred tax asset is included in other assets on the consolidated balance sheet. ASC Topic 740, Income Taxes In assessing the Company’s ability to realize its net deferred tax asset, management considers whether it is more likely than not that some portion or all of the net deferred tax asset will or will not be realized. The Company’s ultimate realization of the net deferred tax asset is dependent upon the generation of future taxable income during the periods in which temporary differences become deductible. Management considers the nature and amount of historical and projected future taxable income, the scheduled reversal of deferred tax assets and liabilities, and available tax planning strategies in making this assessment. The amount of net deferred taxes recognized could be impacted by changes to any of these variables. Each quarter, the Company weighs both the positive and negative information with respect to realization of the net deferred tax asset and analyzes its position as to whether or not a valuation allowance is required. Given the consistent earnings and stable asset quality, the Company’s analysis concluded that, it is more likely than not that the Company will generate sufficient taxable income within the applicable carry-forward periods to realize its net deferred tax asset. The income tax expense charged to operations for the years ended December 31, 2023 and 2022 consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Current tax expense ​ $ 146 ​ $ 1,844 Deferred tax expense ​ 101 ​ 146 ​ ​ ​ ​ ​ ​ ​ Provision for income taxes ​ $ 247 ​ $ 1,990 ​ A reconciliation of income taxes computed at the federal statutory income tax rate to total income taxes is as follows for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Net income before income taxes $ 2,165 $ 10,295 ​ ​ ​ ​ ​ ​ ​ Computed "expected" tax expense $ 455 ​ $ 2,162 State taxes, net of federal ​ ​ (121) ​ ​ (67) Cash surrender value of life insurance ​ ​ (68) ​ ​ (64) Other ​ ​ (19) ​ ​ (41) ​ ​ ​ ​ ​ ​ ​ Provision for income taxes $ 247 $ 1,990 ​ Commercial banking organizations conducting business in Virginia are not subject to Virginia income taxes. Instead, they are subject to a franchise tax based on bank capital. The Company recorded franchise tax expense, within other operating expense, of approximately $671,000 and $640,000 for the years ended December 31, 2023 and 2022, respectively. With few exceptions, the Company is no longer subject to U.S. Federal, State, or local income tax examinations by tax authorities for years prior to 2020.

Earnings per common share

Earnings per common share	12 Months Ended
	Dec. 31, 2023
Earnings per common share
Earnings per common share	Note 10. Earnings per Share The following table presents the basic and diluted earnings per share computations (dollars in thousands except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 2022 Numerator ​ ​ ​ Net income - basic and diluted ​ $ 1,918 ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ Weighted average shares outstanding - basic ​ 1,486 ​ 1,477 Dilutive effect of common stock options ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ 1,486 ​ 1,477 ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.29 ​ $ 5.62 Earnings per share - diluted ​ $ 1.29 ​ $ 5.62 ​ Applicable guidance requires that outstanding, unvested share-based payment awards that contain voting rights and rights to nonforfeitable dividends participate in undistributed earnings with common shareholders. Accordingly, the weighted average number of shares of the Company’s common stock used in the calculation of basic and diluted net income per common share includes unvested shares of the Company’s outstanding restricted common stock. The vesting of 15,130 and 12,834 restricted stock units outstanding as of December 31, 2023 and 2022, respectively, are dependent upon meeting certain performance criteria. As of December 31, 2023 and December 31, 2022, it was indeterminable whether these non-vested restricted stock units will vest and as such those shares are excluded from common shares issued and outstanding at each date and are not included in the computation of earnings per share for any period presented. Outstanding options and warrants to purchase common stock were considered in the computation of diluted earnings per share for the periods presented. There were none at December 31, 2023 and 2022.

Lease Commitments

Lease Commitments	12 Months Ended
	Dec. 31, 2023
Lease Commitments
Lease Commitments	Note 11. Lease Commitments The right-of-use assets and lease liabilities are included in other assets and other liabilities, respectively, in the Consolidated Statement of Financial Condition. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. The incremental borrowing rate was equal to the rate of borrowing from the FHLB that aligned with the term of the lease contract. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not ​ ​ The following tables present information about the Company’s leases (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 ​ Lease liabilities ​ $ 847 ​ $ 1,122 ​ Right-of-use assets ​ $ 818 ​ $ 1,100 ​ Weighted average remaining lease term ​ ​ 3.66 ​ 4.40 ​ Weighted average discount rate ​ ​ 2.80 % 2.51 % ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 Lease cost ​ ​ ​ ​ Operating lease cost ​ $ 309 ​ $ 301 Total lease cost ​ $ 309 ​ $ 301 ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows (dollars in thousands): ​ ​ ​ ​ ​ As of ​ ​ December 31, 2023 Lease payments due ​ Twelve months ending December 31, 2024 ​ $ 313 Twelve months ending December 31, 2025 ​ 214 Twelve months ending December 31, 2026 ​ 163 Twelve months ending December 31, 2027 ​ 146 Twelve months ending December 31, 2028 ​ 52 Thereafter ​ 8 Total undiscounted cash flows ​ $ 896 Discount ​ 49 Lease liabilities ​ $ 847 ​ Cash paid for amounts included in the measurement of lease liabilities for the year ended December 31, 2023 and 2022 was $307,000 and $293,000, respectively. The Company recognized lease expense of $309,000 and $301,000 for the year ended December 31, 2023 and 2022, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and contingencies
Commitments and contingencies	Note 12. Commitments and Contingencies Off-balance-sheet risk The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, and to potential credit loss associated with letters of credit issued, is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for loans and other such on-balance sheet instruments. At December 31, 2023 and 2022, the Company had outstanding the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ Undisbursed credit lines ​ $ 127,918 ​ $ 119,454 Commitments to extend or originate credit ​ 7,463 ​ 9,899 Standby letters of credit ​ 1,202 ​ 922 ​ ​ ​ ​ ​ ​ ​ Total commitments to extend credit ​ $ 136,583 ​ $ 130,275 ​ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Historically, any commitments expire without being drawn upon; therefore, the total commitment amounts shown in the above table are not necessarily indicative of future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, as deemed necessary by the Company upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include personal or income-producing commercial real estate, accounts receivable, inventory and equipment. Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Concentrations of credit risk

Shareholders' Equity and Regula

Shareholders' Equity and Regulatory Matters	12 Months Ended
	Dec. 31, 2023
Shareholders' Equity and Regulatory Matters
Shareholders' Equity and Regulatory Matters	Note 13. Shareholders’ Equity and Regulatory Matters Accumulated Other Comprehensive Income (Loss) The following table presents the accumulated other comprehensive loss as of December 31, 2023 and 2022, respectively (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) Other comprehensive (loss) income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ 1,320 ​ ​ 9 ​ ​ 1,329 Amounts reclassified from AOCI into earnings ​ ​ 3,939 ​ ​ - ​ ​ 3,939 Net current period other comprehensive income ​ ​ 5,259 ​ ​ 9 ​ ​ 5,268 Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2021 ​ $ (717) ​ $ (27) ​ $ (744) Other comprehensive (loss) income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ (10,146) ​ ​ 9 ​ ​ (10,137) Amounts reclassified from AOCI into earnings ​ ​ - ​ ​ - ​ ​ - Net current period other comprehensive income ​ ​ (10,146) ​ ​ 9 ​ ​ (10,137) Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) ​ Regulatory Matters The Company meets the eligibility criteria of a small bank holding company in accordance with the Board of Governors of the Federal Reserve System’s (the “Federal Reserve”) Small Bank Holding Company Policy Statement (the “SBHC Policy Statement”). Under the SBHC Policy Statement, qualifying bank holding companies, with total consolidated assets of less than $3 billion such as the Company, have additional flexibility in the amount of debt they can issue and are also exempt from the Basel III capital framework as outlined by the Basel Committee on Banking Supervision and certain provisions of the Dodd-Frank Act (the “Basel III Capital Rules”). The SBHC Policy Statement does not apply to the Bank and the Bank must comply with the Basel III Capital Rules. The Bank is required to comply with the capital adequacy standards established by the Federal Deposit Insurance Corporation (“FDIC”). The FDIC has adopted rules to implement the Basel III Capital Rules. The Basel III Capital Rules establish minimum capital ratios and risk weightings that are applied to many classes of assets held by community banks, including applying higher risk weightings to certain commercial real estate loans. The Basel III Capital Rules require banks to comply with the following minimum capital ratios: (1) a ratio of common equity Tier 1 capital to risk-weighted assets of at least 4.5% 2.5% 7% 6.0% 2.5% 8.5% 8.0% 2.5% 10.5% 4% The Bank must also comply with the capital requirements set forth in the “prompt corrective action” regulations pursuant to Section 38 of the Federal Deposit Insurance Act of 1950. To be well capitalized under these regulations, a bank must have the following minimum capital ratios: (1) a common equity Tier 1 capital ratio of at least 6.5% 8.0% 10.0% 5.0% The capital amounts and ratios at December 31, 2023 and 2022 for the Bank are presented in the table below (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ Including Conservation Buffer (1) ​ To be Well Capitalized ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 86,493 14.49 % ​ $ 62,679 10.50 % ​ $ 59,695 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 50,740 8.50 % ​ 47,756 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 82,764 11.14 % ​ 29,706 4.00 % ​ 37,133 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 41,786 7.00 % ​ 38,801 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 84,982 14.81 % ​ $ 60,267 10.50 % ​ $ 57,398 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 81,612 14.22 % ​ 48,788 8.50 % ​ 45,918 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 81,612 10.95 % ​ 29,805 4.00 % ​ 37,256 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 81,612 14.22 % ​ 40,178 7.00 % ​ 37,308 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Basel III Capital Rules require banking organizations to maintain a minimum CETI ratio of 4.5% , plus a 2.5% capital conservation buffer; a minimum Tier 1 capital ratio of 6.0% , plus a 2.5% capital conservation buffer; a minimum, total risk-based capital ratio of 8.0% , plus a 2.5% conservation buffer; and a minimum Tier leverage ratio of 4.0% ​

Stock incentive plan

Stock incentive plan	12 Months Ended
	Dec. 31, 2023
Stock incentive plan
Stock incentive plan	Note 14. Stock Incentive Plans In accordance with accounting standards, the Company measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award (with limited exceptions). That cost is recognized over the period during which an employee is required to provide service in exchange for the award rather than disclosed in the financial statements. The following table summarizes options outstanding under the Company’s stock incentive plans at the indicated dates: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ Options ​ Price ​ Per Share ​ Value ​ Options ​ Price ​ Per Share ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding, beginning of period 14 ​ $ 25.28 ​ $ 9.76 ​ ​ ​ 734 ​ $ 25.63 ​ $ 9.76 ​ ​ Granted — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Forfeited (14) ​ 25.28 ​ 9.76 ​ ​ ​ — ​ — ​ — ​ ​ Exercised — ​ — ​ $ — ​ ​ ​ (720) ​ 25.63 ​ 9.76 ​ ​ Options outstanding, end of period — ​ $ — ​ $ — ​ $ — ​ 14 ​ $ 25.28 ​ $ 9.76 ​ $ — Options exercisable, end of period — ​ ​ ​ ​ ​ ​ 14 ​ ​ ​ ​ ​ ​ The following table summarizes information about stock options outstanding at December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercisable ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Years of ​ Average ​ ​ ​ Average Range of ​ Number of ​ Contractual ​ Exercise ​ Number of ​ Exercise Exercise Prices ​ Options ​ Life ​ Price ​ Options ​ Price ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $25.28-$25.76 14 0.54 ​ $ 25.28 14 ​ $ 25.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 14 0.54 ​ 25.28 14 ​ 25.28 ​ During 2023, we granted certain officers time-based restricted shares of common stock and performance-based restricted stock units. The time-based restricted shares vest ratably over a three year period provided the officer is employed with the Company on the applicable vesting date. The performance-based units, which have a two-year performance period that began on January 2, 2024, vest based on the Company’s achievement of performance targets related to return on tangible common equity over the performance period, with possible payouts ranging from 0% to 150% of the target awards. During 2022, we granted certain officers time-based restricted shares of common stock and performance-based restricted stock units. The time-based restricted shares vest ratably over a three year period provided the officer is employed with the Company on the applicable vesting date. The performance-based units, which have a two-year performance period that began on January 2, 2023, vest based on the Company’s achievement of performance targets related to return on tangible common equity over the performance period, with possible payouts ranging from 0% to 150% of the target awards. The total number of shares underlying non-vested restricted stock was 31,077 and 28,296 at December 31, 2023 and 2022, respectively. The fair value of the stock is based on the grant date of the award and the expense is recognized over the vesting period. Unamortized stock-based compensation expense related to non-vested share-based compensation arrangements granted under the stock incentive plan as of December 31, 2023 and 2022 was $914,000 and $1,022,000, respectively. The time-based unrecognized compensation expense of $645,000 is expected to be recognized over a weighted average period of 2.21 years. During 2023, there were no forfeitures of shares of restricted stock awards. During 2022, there were forfeitures of 924 shares of restricted stock awards. A summary of changes in the Company’s non-vested restricted stock awards for the year follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Aggregate ​ ​ ​ ​ Grant-Date ​ Intrinsic ​ ​ Shares ​ Fair-Value ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 28,296 ​ $ 46.60 ​ $ 1,127,879 Granted 13,877 ​ 39.18 ​ 553,137 Vested (12,581) ​ 38.00 ​ (501,479) Forfeited ​ — ​ ​ — ​ ​ — Other (1) 1,485 ​ 29.00 ​ 59,192 December 31, 2023 31,077 ​ $ 45.93 ​ $ 1,238,729 (1) Represents the incremental increase in shares that vested based on the restricted stock units vesting at the maximum potential value as opposed to the targeted value of the award. Stock-based compensation expense was $359,000 and $381,000 for the years ended December 31, 2023 and 2022, respectively.

Trust preferred securities

Trust preferred securities	12 Months Ended
	Dec. 31, 2023
Trust preferred securities
Trust preferred securities	Note 15. Trust Preferred Securities During the first quarter of 2005, Southern Community Financial Capital Trust I, a wholly-owned unconsolidated subsidiary of the Company, was formed for the purpose of issuing redeemable securities. On February 24, 2005, $5.2 million of Trust Preferred Capital Notes were issued through a pooled underwriting. The securities have a floating rate of interest indexed to the London InterBank Offered Rate (“LIBOR”) (three-month LIBOR plus 2.15%) which adjusts, and is payable, quarterly. The interest rate was 7.78% and 6.89% at December 31, 2023 and 2022, respectively. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term Secured Overnight Funding Rate (“SOFR”) plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The securities were redeemable at par beginning on March 15, 2010 and each quarter after such date until the securities mature on March 15, 2035. No amounts have been redeemed at December 31, 2023 and there are no plans to do so. The principal asset of the Trust is $5.2 million of the Company’s junior subordinated debt securities with like maturities and like interest rates to the Trust Preferred Capital Notes. During the third quarter of 2007, Village Financial Statutory Trust II, a wholly–owned subsidiary of the Company, was formed for the purpose of issuing redeemable securities. On September 20, 2007, $3.6 million of Trust Preferred Capital Notes were issued through a pooled underwriting. The securities have LIBOR-indexed floating rate of interest (three-month LIBOR plus 1.4%) which adjusts and is also payable quarterly. The interest rate was 7.03% and 6.14% at December 31, 2023 and 2022, respectively. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term SOFR plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The securities may be redeemed at par at any time commencing in December 2012 until the securities mature in 2037. No amounts have been redeemed at December 31, 2023 and there are no plans to do so. The principal asset of the Trust is $3.6 million of the Company’s junior subordinated securities with like maturities and like interest rates to the Trust Preferred Capital Notes. The Trust Preferred Capital Notes may be included in Tier 1 capital for regulatory capital adequacy determination purposes up to 25% of Tier 1 capital after its inclusion. The portion of the Trust Preferred Capital Notes not considered as Tier 1 capital may be included in Tier 2 capital. The obligations of the Company with respect to the issuance of the Trust Preferred Capital Notes constitute a full and unconditional guarantee by the Company of the Trust’s obligations with respect to the Trust Preferred Capital Notes. Subject to certain exceptions and limitations, the Company may elect from time to time to defer interest payments on the junior subordinated debt securities, which would result in a deferral of distribution payments on the related Trust Preferred Capital Notes and require a deferral of common dividends. The Company is current on these interest payments.

Subordinated Debt

Subordinated Debt	12 Months Ended
	Dec. 31, 2023
Subordinated Debt
Subordinated Debt	Note 16. Subordinated Debt On March 21, 2018, the Company issued $5,700,000 of fixed-to-floating rate subordinated notes due March 31, 2028 in a private placement. The Company received $5,539,000 in net proceeds after deducting issuance costs. The subordinated notes accrued interest at a fixed rate of 6.50% for the first five years until March 21, 2023. The subordinated notes have a LIBOR-indexed floating rate of interest (three-month LIBOR plus 3.73%) which adjusts and is also payable quarterly. The interest rate at December 31, 2023 was 9.37%. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term SOFR plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The Company may redeem the subordinated notes in whole or in part, on or after March 31, 2023. The subordinated notes are unsecured and subordinated in right of payment to all of the Company’s existing and future senior indebtedness, whether secured or unsecured, including claims of depositors and general creditors, and rank equally in right of payment with any unsecured, subordinated indebtedness that the Company may incur in the future. The carrying value of the notes totaled $5,700,000 and $5,692,000 at December 31, 2023 and December 31, 2022, respectively. ​

Retirement Plans

Retirement Plans	12 Months Ended
	Dec. 31, 2023
Retirement Plans
Retirement Plans	Note 17. Retirement Plans 401K Plan Supplemental Executive Retirement Plan Directors Deferral Plan

Fair value

Fair value	12 Months Ended
	Dec. 31, 2023
Fair value
Fair value	Note 18. Fair Value The Company determines the fair value of its financial instruments based on the requirements established in ASC 820: Fair Value Measurements, ASC 820 establishes a hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair values hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs The Company used the following methods to determine the fair value of each type of financial instrument: Securities Collateral dependent Loans held for sale: Derivative asset – interest rate lock commitments (“IRLCs”): Forward sale commitments: Assets and liabilities measured at fair value under Topic 820 on a recurring and non-recurring basis are summarized below for the indicated dates (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2023 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 20,615 ​ $ — ​ $ 20,615 ​ $ — Mortgage-backed securities ​ 72,537 ​ — ​ ​ 72,537 ​ — Municipals ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — Subordinated debt ​ 10,777 ​ — ​ 10,277 ​ 500 Loans held for sale ​ ​ 4,983 ​ ​ — ​ ​ 4,983 ​ ​ — IRLC ​ ​ 271 ​ ​ — ​ ​ 271 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 506 ​ ​ — ​ ​ 506 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2022 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 60,902 ​ $ — ​ $ 60,902 ​ $ — Mortgage-backed securities ​ 60,560 ​ — ​ 60,560 ​ — Municipals ​ ​ 1,550 ​ ​ — ​ ​ 1,550 ​ ​ — Subordinated debt ​ 10,841 ​ — ​ 8,841 ​ 2,000 Loans held for sale ​ ​ 2,268 ​ ​ — ​ ​ 2,268 ​ ​ — IRLC ​ ​ 142 ​ ​ — ​ ​ 142 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 207 ​ ​ — ​ ​ 207 ​ ​ — ​ There were no Level 3 fair value measurements for financial instruments measured on a non-recurring basis at fair value at December 31, 2023 and December 31, 2022. ​ FASB ASC 825, Financial Instruments, requires disclosure about fair value of financial instruments, including those financial assets and financial liabilities that are not required to be measured and reported at fair value on a recurring or nonrecurring basis. ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. In accordance with ASU 2016-01, the Company uses the exit price notion, rather than the entry price notion, in calculating the fair values of financial instruments not measured at fair value on a recurring basis. ​ The following tables reflect the carrying amounts and estimated fair values of the Company's financial instruments whether or not recognized on the Consolidated Balance Sheet at fair value (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ ​ 2023 ​ 2022 ​ Level in Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ ​ Hierarchy ​ Value ​ Fair Value ​ Value ​ Fair Value Financial assets ​ ​ ​ ​ Cash Level 1 ​ $ 10,383 ​ $ 10,383 ​ $ 12,062 ​ $ 12,062 Cash equivalents Level 2 ​ 7,331 ​ 7,331 ​ 4,616 ​ 4,616 Investment securities available for sale Level 2 ​ 105,085 ​ 105,085 ​ 131,853 ​ 131,853 Investment securities available for sale Level 3 ​ 500 ​ 500 ​ 2,000 ​ 2,000 Federal Home Loan Bank stock Level 2 ​ 2,644 ​ 2,644 ​ 1,223 ​ 1,223 Loans held for sale Level 2 ​ 4,983 ​ 4,983 ​ 2,268 ​ 2,268 Loans Level 3 ​ 575,008 ​ 547,935 ​ 538,427 ​ 521,150 Bank owned life insurance Level 2 ​ 13,120 ​ 13,120 ​ 12,798 ​ 12,798 Accrued interest receivable Level 2 ​ 3,827 ​ 3,827 ​ 3,651 ​ 3,651 Interest rate lock commitments ​ Level 2 ​ ​ 271 ​ ​ 271 ​ ​ 142 ​ ​ 142 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ Deposits Level 2 ​ 605,345 ​ 605,226 ​ 624,743 ​ 625,037 FHLB borrowings Level 2 ​ 45,000 ​ 44,999 ​ 20,000 ​ 20,000 Trust preferred securities Level 2 ​ 8,764 ​ 8,848 ​ 8,764 ​ 7,066 Other borrowings Level 2 ​ 5,700 ​ 5,700 ​ 5,692 ​ 5,692 Accrued interest payable Level 2 ​ 210 ​ 210 ​ 70 ​ 70 Forward sales commitment ​ Level 2 ​ ​ 506 ​ ​ 506 ​ ​ 207 ​ ​ 207 ​

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2023
Segment Reporting
Segment Reporting	Note 19. Segment Reporting The Company has two reportable segments: traditional commercial banking and mortgage banking. Revenues from commercial banking operations consist primarily of interest earned on loans and securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage LHFS, gains on sales of loans in the secondary mortgage market, and loan origination fee income. The Commercial Banking Segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on the Commercial Banking Segment’s cost of funds. Additionally, the Mortgage Banking Segment leases premises from the Commercial Banking Segment. These transactions are eliminated in the consolidation process. The following table presents segment information as of and for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 32,900 ​ $ 374 ​ $ — ​ $ 33,274 Mortgage banking income, net ​ — ​ 2,212 ​ (522) ​ 1,690 Other revenues ​ 3,433 ​ — ​ (173) ​ 3,260 Total revenues ​ 36,333 ​ 2,586 ​ (695) ​ 38,224 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Provision for credit losses ​ ​ 50 ​ ​ — ​ ​ — ​ ​ 50 Interest expense ​ 7,986 ​ — ​ — ​ 7,986 Salaries and benefits ​ 10,585 ​ 2,804 ​ — ​ 13,389 Loss on sale of investment securities, net ​ 4,986 ​ — ​ — ​ 4,986 Other expenses ​ 9,251 ​ 1,092 ​ (695) ​ 9,648 Total operating expenses ​ 32,858 ​ 3,896 ​ (695) ​ 36,059 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 3,475 ​ ​ (1,310) ​ ​ — ​ ​ 2,165 Income tax expense (benefit) ​ ​ 522 ​ ​ (275) ​ ​ — ​ ​ 247 Net income (loss) ​ $ 2,953 ​ $ (1,035) ​ $ — ​ $ 1,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 747,711 ​ $ 16,947 ​ $ (28,042) ​ $ 736,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 27,250 ​ $ 237 ​ $ — ​ $ 27,487 Mortgage banking income, net ​ — ​ 3,542 ​ (94) ​ 3,448 Other revenues ​ 3,335 ​ — ​ (180) ​ 3,155 Total revenues ​ 30,585 ​ 3,779 ​ (274) ​ 34,090 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Recovery of provision for loan losses ​ ​ (300) ​ ​ — ​ ​ — ​ ​ (300) Interest expense ​ 1,781 ​ — ​ — ​ 1,781 Salaries and benefits ​ 10,585 ​ 3,183 ​ — ​ 13,768 Other expenses ​ 7,625 ​ 1,195 ​ (274) ​ 8,546 Total operating expenses ​ 19,691 ​ 4,378 ​ (274) ​ 23,795 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 10,894 ​ ​ (599) ​ ​ — ​ ​ 10,295 Income tax expense (benefit) ​ ​ 2,116 ​ ​ (126) ​ ​ — ​ ​ 1,990 Net income (loss) ​ $ 8,778 ​ $ (473) ​ $ — ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 738,110 ​ $ 17,874 ​ $ (32,714) ​ $ 723,270 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Parent Corporation Only Financi

Parent Corporation Only Financial Statements	12 Months Ended
	Dec. 31, 2023
Parent Corporation Only Financial Statements
Parent Corporation Only Financial Statements	Note 20. Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Balance Sheet (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ Cash and due from banks ​ $ 1,666 ​ $ 1,868 Investment in subsidiaries ​ 77,151 ​ 70,731 Investment in special purpose subsidiary ​ 264 ​ 264 Prepaid expenses and other assets ​ 3,008 ​ 2,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 82,089 ​ $ 75,619 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Equity ​ ​ Liabilities ​ ​ Balance due to nonbank subsidiaries ​ $ 8,764 ​ $ 8,764 Other borrowings ​ 5,700 ​ 5,692 Accrued interest payable ​ 69 ​ 46 Other liabilities ​ — ​ 6 Total liabilities ​ 14,533 ​ 14,508 ​ ​ ​ ​ ​ ​ ​ Shareholders’ equity ​ ​ Common stock ​ 5,908 ​ 5,868 Additional paid-in capital ​ 55,486 ​ 55,167 Retained Earnings ​ 11,775 ​ 10,957 Stock in directors rabbi trust ​ (467) ​ (689) Directors deferred fees obligation ​ 467 ​ 689 Accumulated other comprehensive loss ​ (5,613) ​ (10,881) Total stockholders’ equity ​ 67,556 ​ 61,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 82,089 ​ $ 75,619 ​ Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Income and Comprehensive Income Years Ended December 31, 2023 and 2022 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Income ​ ​ ​ ​ ​ ​ Interest income $ 4 $ 3 Dividends received from subsidiaries ​ ​ 1,975 ​ ​ 1,835 Total Income ​ ​ 1,979 ​ ​ 1,838 ​ ​ ​ ​ ​ ​ ​ Interest expense ​ ​ Interest on borrowed funds ​ 1,111 ​ 694 Total interest expense ​ 1,111 ​ 694 ​ ​ ​ ​ ​ ​ ​ Net interest income ​ 868 ​ 1,144 ​ ​ ​ ​ ​ ​ ​ Noninterest expense ​ ​ Supplies ​ 30 ​ 30 Professional and outside services ​ 42 ​ 42 Other ​ 47 ​ 45 Total noninterest expense ​ 119 ​ 117 Net income before undistributed income of subsidiary ​ 749 ​ 1,027 Undistributed income of subsidiary ​ 911 ​ 7,108 Net income before income tax benefit ​ 1,660 ​ 8,135 Income tax benefit ​ ​ (258) ​ (170) ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,918 ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) ​ $ 7,186 ​ $ (1,832) ​ Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Cash Flows Years Ended December 31, 2023 and 2022 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Cash Flows from Operating Activities ​ ​ Net income ​ $ 1,918 ​ $ 8,305 Adjustments to reconcile net income to net cash used in operating activities ​ ​ Amortization of debt issuance costs ​ 8 ​ 32 Undistributed income of subsidiary ​ (911) ​ (7,108) Net change in: ​ ​ ​ Other assets ​ (253) ​ (170) Interest Payable ​ 23 ​ — Other liabilities ​ (6) ​ 1 Net cash used in operating activities ​ 779 ​ 1,060 ​ ​ ​ ​ ​ ​ ​ Cash Flows from Investing Activities ​ ​ Net cash provided by investing activities ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Cash Flows from Financing Activities ​ ​ Proceeds from exercise of stock options ​ ​ — ​ ​ 18 Cash dividends paid ​ ​ (981) ​ ​ (857) Net cash used in financing activities ​ (981) ​ (839) Net increase in cash ​ (202) ​ 221 Cash, beginning of year ​ 1,868 ​ 1,647 ​ ​ ​ ​ ​ ​ ​ Cash, end of year ​ $ 1,666 ​ $ 1,868 ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Summary of Significant Accounting Policies
Business	Business The Company is the holding company of Village Bank (the “Bank”). The Bank opened to the public on December 13, 1999 as a traditional community bank offering deposit and loan services to individuals and businesses in the Richmond, Virginia metropolitan area. In 2017, the Bank entered the Williamsburg, Virginia market by opening a full service branch. Village Bank Mortgage Corporation (the “Mortgage Company”) is a full service mortgage banking company wholly-owned by the Bank. The Bank is subject to regulations of certain federal and state agencies and undergoes periodic examinations by those regulatory authorities. As a consequence of the extensive regulation of commercial banking activities, the Bank’s business is susceptible to being affected by state and federal legislation and regulations. The majority of the Company’s real estate loans are collateralized by properties in the Richmond, Virginia metropolitan area. Accordingly, the ultimate collectability of those loans collateralized by real estate is particularly susceptible to changes in market conditions in the Richmond area.
Basis of presentation and consolidation	Basis of presentation and consolidation The consolidated financial statements include the accounts of the Company, the Bank and the Mortgage Company. All material intercompany balances and transactions have been eliminated in consolidation. Certain reclassifications have been made to the prior year financial statements to conform to current year presentation. The results of the reclassifications are not considered material. New Accounting Standards Adopted ​ In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. The company adopted ASU 2016-13 as of January 1, 2023 in accordance with the required implementation date and recorded the impact of adoption to retained earnings, net of deferred income taxes, as required by the standard. This standard is commonly referred to as the current expected credit loss (“CECL”) methodology. As a result of adoption of Accounting Standards of Codification (“ASC”) 326, the Company recorded a net decrease to retained earnings of $119,000, net of taxes, which consisted of adjustments to the allowance for credit losses on loans as well as an adjustment to the Company’s reserve for unfunded loan commitments. Subsequent to adoption, the Company will record adjustments to its allowance for credit losses and reserves for unfunded commitments through the provision for credit losses in the consolidated statements of income. The Company is utilizing a third-party model to tabulate its estimate of current expected credit losses, using a weighted average remaining maturity (“WARM”) methodology. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, changes in collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. The Company’s CECL implementation process was overseen by the Chief Financial Officer and included an assessment of data availability and gap analysis, data collection, consideration and analysis of multiple loss estimation methodologies, an assessment of relevant qualitative factors and correlation analysis of multiple potential loss drivers and their impact on the Company’s historical loss experience. During 2022, the Company calculated its current expected credit losses model in parallel to its incurred loss model to further refine the methodology and model. In addition, the Company utilized internal personnel who were not involved in the development of the model to perform a comprehensive model validation. The following table illustrates the impact of ASC 326 adoption (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, January 1, January 1, ​ ​ 2022 ​ 2023 ​ 2023 ​ ​ As Previously Reported ​ Impact of ​ As Reported ​ ​ (Incurred Loss) ​ CECL Adoption ​ Under CECL Assets: ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 82 Commercial ​ 192 ​ 34 ​ 226 ​ ​ 271 ​ 37 ​ 308 Commercial real estate ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 392 Non-owner occupied ​ 1,289 ​ 192 ​ 1,481 Multifamily ​ 33 ​ 7 ​ 40 Farmland ​ — ​ — ​ — ​ ​ 2,189 ​ (276) ​ 1,913 Consumer real estate ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 35 Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 207 Second deed of trust ​ 43 ​ 25 ​ 68 ​ ​ 185 ​ 125 ​ 310 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ 577 Student loans ​ ​ 52 ​ — ​ 52 Consumer and other ​ 37 ​ (5) ​ 32 Unallocated ​ ​ 60 ​ ​ (9) ​ ​ 51 Allowance for credit losses ​ 3,370 ​ (127) ​ 3,243 ​ ​ ​ ​ ​ ​ ​ Liabilities ​ ​ ​ Allowance for credit losses on unfunded credit exposure ​ — ​ 277 ​ 277 ​ ​ ​ ​ ​ ​ ​ Total Allowance for credit losses ​ $ 3,370 ​ $ 150 ​ $ 3,520 ​ On January 1, 2023, the Company adopted ASU 2022-02 “Financial Instruments – Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures,” which removed the recognition and measurement guidance on troubled debt restructurings (“TDRs”) and added disclosures on the financial effect and subsequent performance of certain types of modifications made to borrowers experiencing financial difficulties. Upon adoption of the standard, the Company recorded a reduction of $8,000 in the allowance for credit losses for the impact of changes in methodology used to estimate the allowance for credit losses for non-collateral dependent TDRs. There was no impact to the valuation of loans previously classified as collateral dependent TDRs. The allowance for loan and lease losses for modified loans is determined in a manner consistent with the methodology for loans under ASC 326.
Use of estimates	Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the balance sheets dates and revenues and expenses during the reporting period. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to significant change include the determination of the allowance for credit losses and its related provision, including impaired loans, and the valuation of deferred tax assets.
Securities	Securities At the time of purchase, debt securities are classified into the following categories: held to maturity, available for sale or trading. Debt securities that the Company has both the positive intent and ability to hold to maturity are classified as held to maturity. Held to maturity securities are stated at amortized cost adjusted for amortization of premiums and accretion of discounts on purchase using a method that approximates the effective interest method. Investments classified as trading or available for sale are stated at fair value. Changes in fair value of trading investments are included in current earnings while changes in fair value of available for sale investments are excluded from current earnings and reported, net of taxes, as a separate component of other comprehensive income (loss). Presently, the Company does not maintain a portfolio of trading or held to maturity securities. The fair value of investment securities available for sale is estimated based on quoted prices for similar assets determined by bid quotations received from independent pricing services. For those debt securities whose fair value is less than their amortized cost basis, we consider our intent to sell the security, whether it is more likely than not that we will be required to sell the security before recovery and if we do not expect to recover the entire amortized cost basis of the security. In analyzing an issuer’s financial condition, we may consider whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred and the results of reviews of the issuer’s financial condition. If, however, the Company does not intend to sell the security and it is not more-likely-than-not that the Company will be required to sell the security before recovery, the Company evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available for sale not resulting from credit losses are recorded in other comprehensive income (loss). The Company regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, the Company’s intention with regard to holding the security to maturity and the likelihood that the Company would be required to sell the security before recovery. Restricted stock, at cost. Interest income is recognized when earned. Realized gains and losses for securities classified as available-for-sale are included in earnings and are derived using the specific identification method for determining the cost of securities sold.
Mortgage Banking and Derivatives	Mortgage Banking and Derivatives Loans held for sale. The Company, through the Bank’s mortgage banking subsidiary, the Mortgage Company, originates residential mortgage loans for sale in the secondary market. Residential mortgage loans held for sale are sold to the permanent investor with the mortgage servicing rights released. The Company uses fair value accounting for its entire portfolio of loans held for sale (“LHFS”) in accordance with ASC 820 - Fair Value Measurement and Disclosures. Fair value of the Company’s LHFS is based on observable market prices for identical instruments traded in the secondary mortgage loan markets in which the Company conducts business and totaled $5.0 million as of December 31, 2023, of which $4.8 million is related to unpaid principal, and totaled $2.3 million as of December 31, 2022, of which $2.2 million is related to unpaid principal. The Company’s portfolio of LHFS is classified as Level 2. Interest Rate Lock Commitments and Forward Sales Commitments. The Company uses fair value accounting for its forward sales commitments related to IRLCs and LHFS under ASC 825-10-15-4(b). The fair value of forward sales commitments is reported in “Other Liabilities” in the Consolidated Balance Sheet at December 31, 2023, and totaled $506,000, with a notional amount of $12.3 million and total positions of 47, and at December 31, 2022, totaled $207,000, with a notional amount of $12.1 million and total positions of 38.
Transfers of financial assets	Transfers of financial assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when: (1) the assets have been isolated from the Bank and put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Our transfers of financial assets are limited to commercial loan participations sold, which were insignificant for 2023 and 2022 and the sale of residential mortgage loans in the secondary market; the extent of which are disclosed in the Consolidated Statements of Cash Flows.
Loans	Loans Loans are stated at the principal amount outstanding, net of unearned income. Loan origination fees and certain direct loan origination costs are deferred and amortized to interest income over the life of the loan as an adjustment to the loan’s yield over the term of the loan. A loan’s past due status is based on the contractual due date of the most delinquent payment dates. Interest is accrued on outstanding principal balances, unless the Company considers collection to be doubtful. Commercial and unsecured consumer loans are designated as nonaccrual when payment is delinquent 90 days or at the point which the Company considers collection doubtful, if earlier. Mortgage loans and most other types of consumer loans past due 90 days or more may remain on accrual status if management determines that such amounts are collectible. When loans are placed in nonaccrual status, previously accrued and unpaid interest is reversed against interest income in the current period and interest is subsequently recognized only to the extent cash is received as long as the remaining recorded investment in the loan is deemed fully collectible. Loans may be placed back on accrual status when, in the opinion of management, the circumstances warrant such action such as a history of timely payments subsequent to being placed on nonaccrual status, additional collateral is obtained or the borrowers cash flows improve. Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contractual amount of standby letters of credit, whose contract amounts represent credit risk, was approximately $1,202,000 at December 31, 2023 and approximately $922,000 at December 31, 2022. Below is a summary of the current loan segments: Construction and land development loans Commercial real estate loans Consumer real estate loans Commercial and industrial customers. Government guaranteed balances represent Small Business Administration (“SBA”) loans originated by the Bank according to SBA guidelines. We also purchase the guaranteed portion of United State Department of Agriculture Loans (“USDA”) which are guaranteed by the USDA for 100% of the principal and interest. The originating institution holds the unguaranteed portion of the loan and services the loan. These loans are typically purchased at a premium. In the event of a loan default or early prepayment the Bank may need to write off any unamortized premium. These loans are included in the commercial and industrial loan segment. Consumer and other loans Guaranteed student loans
Allowance for loan losses	Allowance for Credit Losses The allowance for credit losses consists of the allowance for credit losses on loans, reserve for unfunded commitments, and the allowance on securities. The allowance for credit losses on loans is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Credit losses on loans are charged against the allowance when management believes the uncollectibility of a loan balance is probable. Subsequent recoveries, if any, are credited to the allowance. The allowance for credit losses on loans, in management’s judgement, represents the current estimate of expected credit losses over the term of loans held for investment, and is recorded at an amount that, in management’s judgement, reduces the recorded investment in loans to the net amount expected to be collected. Management’s judgment in determining the adequacy of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions which may affect a borrower’s ability to repay, overall portfolio quality, and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The Company utilizes a third-party model to tabulate its estimate of current expected credit losses, using a WARM methodology. In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company primarily utilizes the short-term natural rate of unemployment forecast based on the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses using a statistical regression analysis. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, and collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. Loans that do not share common risk characteristics with other loans are evaluated individually and are not included in the collective analysis. The allowance for credit losses on loans that are individually evaluated may be estimated based on their expected cash flows, or, in the case of loans for which repayment is expected substantially through the operation or sale of collateral when the borrower is experiencing financial difficulty, may be measured based on the fair value of the collateral less estimated costs to sell. The Company records a reserve, reported in other liabilities, for expected credit losses on commitments to extend credit that are not unconditionally cancelable by the Company. The reserve for unfunded commitments is measured based on the principles utilized in estimating the allowance for credit losses on loans and an estimate of the amount of unfunded commitments expected to be advanced. Changes in the reserve for unfunded commitments are recorded through the provision for credit losses.
Other real estate owned	Other real estate owned Real estate acquired through or in lieu of foreclosure is initially recorded at estimated fair value less estimated selling costs establishing a new cost basis. There were no assets held as other real estate owned (“OREO”) as of December 31, 2023 and December 31, 2022. Subsequent to the date of acquisition, it is carried at the lower of cost or fair value, adjusted for net selling costs. If fair value declines subsequent to foreclosure a valuation allowance is recorded through expense. Operating costs after acquisition are expensed as incurred. Costs relating to the development and improvement of such property are capitalized when appropriate, whereas those costs relating to holding the property are expensed.
Assets held for sale	Assets held for sale There were no assets held for sale at December 31, 2023 and 2022. The Company periodically evaluates the value of assets held for sale and records an impairment charge for any subsequent declines in fair value less selling costs.
Premises and equipment	Premises and equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation and amortization. Depreciation of buildings and improvements is computed using the straight-line method over the estimated useful lives of the assets of 39 years. Depreciation of equipment is computed using the straight-line method over the estimated useful lives of the assets ranging from three seven
Supplemental Executive Retirement Plan	Supplemental Executive Retirement Plan The Company recognizes the unfunded status of its Supplemental Executive Retirement Plan (the “SERP”) as a liability in its Consolidated Balance Sheets, measured at the projected benefit obligation as of December 31, 2023 and 2022. Net periodic pension costs are recorded each period based on actuarially determined amounts in accordance with GAAP and recognized in salaries and employment benefits in the Consolidated Statements of Income. Actuarial determinations of net periodic pension cost are based on assumptions related to discount rates, employee compensation and mortality and interest crediting rates. Other changes in the status of the plan are recorded in the year in which the changes occur through other comprehensive income.
Income taxes	Income taxes Deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The effect on recorded deferred income taxes of a change in tax laws or rates is recognized in income in the period that includes the enactment date. To the extent that available evidence about the future raises doubt about the realization of a deferred income tax asset, a valuation allowance is established. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Interest and penalties associated with unrecognized tax benefits are classified as taxes other than income in the statement of income. The Company has no uncertain tax positions.
Consolidated statements of cash flows	Consolidated statements of cash flows For purposes of reporting cash flows, cash and cash equivalents include cash on hand, due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Generally, federal funds are purchased and sold for one-day periods. Cash flows from loans originated by the Bank for investment and deposits are reported net.
Comprehensive income	Comprehensive income Total comprehensive income (loss) consists of net income and other comprehensive income (loss). At December 31, 2023 and 2022, the accumulated other comprehensive income (loss) was comprised of unrealized (losses) on securities available for sale of ($5,603,000) and ($10,862,000), and unfunded pension liability of ($10,000) and ($19,000) net of tax, respectively.
Earnings per common share	Earnings per common share Basic earnings per common share represent net income available to common shareholders, which represents net income less dividends paid or payable to preferred stock shareholders, divided by the weighted-average number of common shares outstanding during the period, inclusive of unvested restricted shares (Note 10). For diluted earnings per common share, net income available to common shareholders is divided by the weighted average number of common shares issued and outstanding for each period plus amounts representing the dilutive effect of stock options, as well as any adjustment to income that would result from the assumed issuance. The effects of stock options and warrants are excluded from the computation of diluted earnings per common share in periods in which the effect would be antidilutive. Stock options and warrants are antidilutive if the underlying average market price of the stock that can be purchased for the period is less than the exercise price of the option or warrant. Potential dilutive common shares that may be issued by the Company relate solely to outstanding stock options and warrants and are determined using the treasury stock method.
Stock incentive plan	Stock incentive plan On May 26, 2015, the Company’s shareholders approved the adoption of the Village Bank and Trust Financial Corp. 2015 Stock Incentive Plan (the “2015 Plan”) authorizing the issuance of up to 60,000 shares of common stock. On May 19, 2020, the Company’s shareholders approved an amendment to the 2015 Plan authorizing the issuance of up to 120,000 shares of common stock. See Note 14 for more information on the 2015 Plan.
Fair values of financial instruments	Fair values of financial instruments The fair value of an asset or liability is the price that would be received to sell that asset or paid to transfer that liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability (exit price) shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are independent, knowledgeable, able to transact and willing to transact. See Note 18 for the methods and assumptions the Company uses in estimating fair values of financial instruments.
Revenue recognition	Revenue recognition The Company recognizes revenue as it is earned in accordance with ASU 2014-09. The following discussion is of revenues that are within the scope of the this guidance: ● Debit and credit interchange fee income - Card processing fees consist of interchange fees from consumer debit and credit card networks and other card related services. Interchange fees are based on purchase volumes and other factors and are recognized as transactions occur. ● Service charges on deposit accounts - Revenue from service charges on deposit accounts is earned through deposit-related services, as well as overdraft, non-sufficient funds, account management and other deposit related fees. Revenue is recognized for these services either over time, corresponding with deposit accounts’ monthly cycle, or at a point in time for transactional related services and fees. ● Service charges on loan accounts - Revenue from loan accounts consists primarily of fees earned on prepayment penalties. Revenue is recognized for the services at a point in time for transactional related services and fees. ● Gains/Losses on sale of OREO - The Company records a gain or loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of OREO to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the OREO asset is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. ● Gains/Losses on sale of assets held for sale – The Company records a gain or loss from the sale of assets held for sale when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of assets held for sale to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probably. Once these criteria are met, the asset held for sale is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer.
Segments	Segments The Company has two reportable segments: traditional commercial banking and mortgage banking. Revenues from commercial banking operations consist primarily of interest earned on loans and securities and fees from deposit services. Mortgage banking operating revenues consist principally of interest earned on mortgage LHFS, gains on sales of loans in the secondary mortgage market, and loan origination fee income, net of commissions paid. The commercial banking segment provides the mortgage banking segment with the short-term funds needed to originate mortgage loans through a warehouse line of credit and charges the mortgage banking segment interest based on the commercial banking segment’s cost of funds. Additionally, the mortgage banking segment leases premises from the commercial banking segment. These transactions are eliminated in the consolidation process. See additional information at Note 19, Segment Reporting.
Recent accounting pronouncements	Recent accounting pronouncements In December 2023, the 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 2023-06 to have a material impact on its consolidated financial statements. ​ In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. This ASU requires disclosure of significant segment expenses that are regularly provided to the chief operating decision mark (CODM), an amount for other segment items by reportable segment and a description of its composition, all annual disclosures required by FASB ASU Topic 280 in interim periods as well, and the title and position of the CODM and how the CODM uses the reported measures. Additionally, this ASU requires that at least one of the reported segment profit and loss measures should be the measure that is most consistent with the measurement principles used in an entity’s consolidated financial statements. Lastly, this ASU requires public business entities with a single reportable segment to provide all disclosures required by these amendments in this ASU and all existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively. ​ In October 2023, the 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 July 2023, the 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 ASC 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 December 2022, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848”. ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the London Interbank Offered Rate (LIBOR) would cease being published. In 2021, the UK Financial Conduct Authority (FCA) delayed the intended cessation date of certain tenors of USD LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company is assessing ASU 2022-06 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. ​ In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company has a team to assess ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments.

Investment securities availab_2

Investment securities available for sales (Tables)	12 Months Ended
	Dec. 31, 2023
Investment securities available for sale
Schedule of amortized cost and fair value of investment securities available for sale	The amortized cost and fair value of investment securities available for sale as of December 31, 2023 and 2022 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 20,690 ​ $ — ​ $ (75) ​ $ 20,615 Mortgage-backed securities ​ 77,275 ​ 643 ​ (5,381) ​ 72,537 Municipals ​ ​ 2,264 ​ ​ — ​ ​ (608) ​ ​ 1,656 Subordinated debt ​ 12,449 ​ 30 ​ (1,702) ​ 10,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 112,678 ​ $ 673 ​ $ (7,766) ​ $ 105,585 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 64,631 ​ $ 5 ​ $ (3,734) ​ $ 60,902 Mortgage-backed securities ​ 69,151 ​ 6 ​ (8,597) ​ 60,560 Municipals ​ ​ 2,268 ​ ​ — ​ ​ (718) ​ ​ 1,550 Subordinated debt ​ 11,553 ​ 29 ​ (741) ​ 10,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 147,603 ​ $ 40 ​ $ (13,790) ​ $ 133,853
Schedule of investment securities available for sale	Investment securities available for sale that had an unrealized loss position at December 31, 2023 and December 31, 2022 are detailed below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities in a loss ​ Securities in a loss ​ ​ ​ ​ ​ ​ ​ position for less than ​ position for more than ​ ​ ​ ​ ​ ​ ​ ​ 12 Months ​ 12 Months ​ Total ​ ​ Fair ​ Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ — ​ $ — ​ $ 20,289 ​ ​ (75) ​ $ 20,289 ​ $ (75) Mortgage-backed securities ​ ​ 4,631 ​ ​ (24) ​ ​ 30,311 ​ ​ (5,357) ​ ​ 34,942 ​ ​ (5,381) Municipals ​ ​ — ​ ​ — ​ ​ 1,656 ​ ​ (608) ​ ​ 1,656 ​ ​ (608) Subordinated debt ​ 4,145 ​ (587) ​ 5,937 ​ (1,115) ​ 10,082 ​ (1,702) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,776 ​ $ (611) ​ $ 58,193 ​ $ (7,155) ​ $ 66,969 ​ $ (7,766) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 21,848 ​ $ (723) ​ $ 37,256 ​ $ (3,011) ​ $ 59,104 ​ $ (3,734) Mortgage-backed securities ​ 36,089 ​ (3,588) ​ 22,549 ​ (5,009) ​ 58,638 ​ (8,597) Municipals ​ ​ — ​ ​ — ​ ​ 1,549 ​ ​ (718) ​ ​ 1,549 ​ ​ (718) Subordinated debt ​ 5,305 ​ (498) ​ 2,007 ​ (243) ​ 7,312 ​ (741) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 63,242 ​ $ (4,809) ​ $ 63,361 ​ $ (8,981) ​ $ 126,603 ​ $ (13,790)
Schedule of investment by contractual maturity	The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2023, by contractual maturity, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Less than one year ​ $ 19,990 ​ $ 19,928 One to five years ​ ​ 10,805 ​ ​ 10,883 Five to ten years ​ 17,370 ​ 15,781 More than ten years ​ 64,513 ​ ​ 58,993 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 112,678 ​ $ 105,585 ​

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2023
Loans and allowance for credit losses
Schedule of composition of loan portfolio (excluding mortgage loans held for sale)	Loans classified by type as of December 31, 2023 and 2022 are as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Amount % Amount % ​ Construction and land development ​ ​ ​ Residential ​ $ 10,471 1.82 % $ 9,727 1.81 % Commercial ​ 37,024 6.44 % 35,400 6.57 % ​ ​ 47,495 8.26 % 45,127 8.38 % Commercial real estate ​ ​ ​ Owner occupied ​ 122,666 21.33 % 119,643 22.22 % Non-owner occupied ​ 154,855 26.93 % 153,610 28.53 % Multifamily ​ 12,743 2.22 % 11,291 2.10 % Farmland ​ 326 0.06 % 73 0.01 % ​ ​ 290,590 50.54 % 284,617 52.86 % Consumer real estate ​ ​ ​ Home equity lines ​ 21,557 3.75 % 18,421 3.42 % Secured by 1-4 family residential, ​ ​ ​ First deed of trust ​ 95,638 16.63 % 67,495 12.54 % Second deed of trust ​ 11,337 1.97 % 7,764 1.44 % ​ ​ 128,532 22.35 % 93,680 17.40 % Commercial and industrial loans ​ ​ ​ (except those secured by real estate) ​ 86,203 14.99 % 90,348 16.78 % Guaranteed student loans ​ 17,923 3.12 % 20,617 3.83 % Consumer and other ​ 4,265 0.74 % 4,038 0.75 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ 575,008 100.0 % 538,427 100.0 % Deferred and costs, net ​ 803 ​ ​ 588 ​ ​ Less: allowance for credit losses ​ (3,423) ​ ​ (3,370) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 572,388 ​ ​ ​ $ 535,645 ​ ​ ​
Summary of loans directly or indirectly with executive officers or directors of the Company	The following is a summary of loans directly or indirectly with executive officers or directors of the Company for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 4,365 ​ $ 5,922 Additions ​ 6,774 ​ 7,662 Effect of changes in composition of related parties ​ (160) ​ — Reductions ​ (6,063) ​ (9,219) ​ ​ ​ ​ ​ ​ ​ Ending balance ​ $ 4,916 ​ $ 4,365
Schedule of information on nonaccrual loans	The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 Consumer real estate ​ ​ Home equity lines ​ $ — ​ $ 300 Secured by 1-4 family residential ​ ​ First deed of trust ​ 160 ​ 164 Second deed of trust ​ 105 ​ 171 ​ ​ 265 ​ 635 Commercial and industrial loans ​ ​ (except those secured by real estate) ​ 26 ​ 19 ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 291 ​ $ 654
Schedule of information on the risk rating of loans	The following tables provide information on the risk rating of loans at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk Rated Risk Rated Risk Rated Risk Rated Total ​ ​ 1 ‑ 4 ​ 5 ​ 6 ​ 7 ​ Loans December 31, 2022 ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ Residential ​ $ 9,727 ​ $ — ​ $ — ​ $ — ​ $ 9,727 Commercial ​ 32,763 ​ 2,637 ​ — ​ — ​ 35,400 ​ ​ 42,490 ​ 2,637 ​ — ​ — ​ 45,127 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 115,825 ​ 2,583 ​ 1,235 ​ — ​ 119,643 Non-owner occupied ​ 143,458 ​ 10,152 ​ — ​ — ​ 153,610 Multifamily ​ 11,291 ​ — ​ — ​ — ​ 11,291 Farmland ​ 73 ​ — ​ — ​ — ​ 73 ​ ​ 270,647 ​ 12,735 ​ 1,235 ​ — ​ 284,617 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 17,507 ​ 614 ​ 300 ​ — ​ 18,421 Secured by 1-4 family residential ​ ​ ​ ​ ​ First deed of trust ​ 66,616 ​ 407 ​ 472 ​ — ​ 67,495 Second deed of trust ​ 7,517 ​ 72 ​ 175 ​ — ​ 7,764 ​ ​ 91,640 ​ 1,093 ​ 947 ​ — ​ 93,680 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 83,848 ​ 6,481 ​ 19 ​ — ​ 90,348 Guaranteed student loans ​ 20,617 ​ — ​ — ​ — ​ 20,617 Consumer and other ​ 4,017 ​ — ​ 21 ​ — ​ 4,038 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 513,259 ​ $ 22,946 ​ $ 2,222 ​ $ — ​ $ 538,427
Schedule of information on the risk rating of loans by period	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ ​ 2019 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 6,320 ​ $ 3,812 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Residential ​ $ 6,320 ​ $ 3,812 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 5,007 ​ ​ 14,506 ​ ​ 10,339 ​ ​ 235 ​ ​ — ​ ​ 1,183 ​ ​ 5,754 ​ ​ — ​ ​ 37,024 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial ​ $ 5,007 ​ $ 14,506 ​ $ 10,339 ​ $ 235 ​ $ — ​ $ 1,183 ​ $ 5,754 ​ $ — ​ $ 37,024 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 11,945 ​ ​ 21,846 ​ ​ 20,044 ​ ​ 9,855 ​ ​ 12,145 ​ ​ 41,067 ​ ​ 788 ​ ​ — ​ ​ 117,690 Special Mention ​ ​ — ​ ​ 202 ​ ​ 73 ​ ​ — ​ ​ — ​ ​ 4,701 ​ ​ — ​ ​ — ​ ​ 4,976 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Owner occupied ​ $ 11,945 ​ $ 22,048 ​ $ 20,117 ​ $ 9,855 ​ $ 12,145 ​ $ 45,768 ​ $ 788 ​ $ — ​ $ 122,666 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 9,468 ​ ​ 25,607 ​ ​ 28,455 ​ ​ 23,567 ​ ​ 9,528 ​ ​ 47,645 ​ ​ 3,312 ​ ​ — ​ ​ 147,582 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ ​ 2019 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans Special Mention ​ ​ — ​ ​ — ​ ​ 2,173 ​ ​ — ​ ​ — ​ ​ 5,100 ​ ​ — ​ ​ — ​ ​ 7,273 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Non-owner occupied ​ $ 9,468 ​ $ 25,607 ​ $ 30,628 ​ $ 23,567 ​ $ 9,528 ​ $ 52,745 ​ $ 3,312 ​ $ — ​ $ 154,855 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 1,300 ​ ​ — ​ ​ 2,503 ​ ​ 548 ​ ​ 885 ​ ​ 6,113 ​ ​ 1,394 ​ ​ — ​ ​ 12,743 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Multifamily ​ $ 1,300 ​ $ — ​ $ 2,503 ​ $ 548 ​ $ 885 ​ $ 6,113 ​ $ 1,394 ​ $ — ​ $ 12,743 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 26 ​ ​ 300 ​ ​ — ​ ​ 326 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Farmland ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 26 ​ $ 300 ​ $ — ​ $ 326 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ 446 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,036 ​ ​ — ​ ​ 21,482 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Home equity lines ​ $ — ​ $ 446 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 21,111 ​ $ — ​ $ 21,557 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 34,067 ​ ​ 14,288 ​ ​ 15,613 ​ ​ 8,107 ​ ​ 2,957 ​ ​ 17,427 ​ ​ 2,125 ​ ​ — ​ ​ 94,584 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 170 ​ ​ — ​ ​ 724 ​ ​ — ​ ​ — ​ ​ 894 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 160 ​ ​ — ​ ​ — ​ ​ 160 Total First deed of trust ​ $ 34,067 ​ $ 14,288 ​ $ 15,613 ​ $ 8,277 ​ $ 2,957 ​ $ 18,311 ​ $ 2,125 ​ $ — ​ $ 95,638 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Second deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,530 ​ ​ 3,207 ​ ​ 1,027 ​ ​ 397 ​ ​ 1,067 ​ ​ 626 ​ ​ 266 ​ ​ — ​ ​ 11,120 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 45 ​ ​ 67 ​ ​ — ​ ​ — ​ ​ 112 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 105 ​ ​ — ​ ​ — ​ ​ 105 Total Second deed of trust ​ $ 4,530 ​ $ 3,207 ​ $ 1,027 ​ $ 397 ​ $ 1,112 ​ $ 798 ​ $ 266 ​ $ ​ ​ $ 11,337 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 15,022 ​ ​ 15,900 ​ ​ 15,321 ​ ​ 5,634 ​ ​ 2,852 ​ ​ 3,698 ​ ​ 27,068 ​ ​ — ​ ​ 85,495 Special Mention ​ ​ 37 ​ ​ — ​ ​ — ​ ​ — ​ ​ 318 ​ ​ 22 ​ ​ 306 ​ ​ — ​ ​ 683 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ — ​ ​ 12 ​ ​ — ​ ​ — ​ ​ 25 Total Commercial and industrial ​ $ 15,059 ​ $ 15,900 ​ $ 15,321 ​ $ 5,647 ​ $ 3,170 ​ $ 3,732 ​ $ 27,374 ​ $ — ​ $ 86,203 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Guaranteed student loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 17,923 ​ ​ — ​ ​ — ​ ​ 17,923 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Guaranteed student loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 17,923 ​ $ — ​ $ — ​ $ 17,923 Current period gross writeoff ​ $ 30 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 455 ​ ​ 483 ​ ​ 123 ​ ​ 50 ​ ​ 17 ​ ​ 11 ​ ​ 3,126 ​ ​ — ​ ​ 4,265 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer and other ​ $ 455 ​ $ 483 ​ $ 123 ​ $ 50 ​ $ 17 ​ $ 11 ​ $ 3,126 ​ $ ​ ​ $ 4,265 Current period gross writeoff ​ $ 3 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total Current period gross writeoff ​ $ 33 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total loans ​ $ 88,151 ​ $ 100,297 ​ $ 96,010 ​ $ 48,576 ​ $ 29,814 ​ $ 146,610 ​ $ 65,550 ​ $ — ​ $ 575,008
Schedule of aging of recorded investment in past due loans and leases	The following tables present the aging of the recorded investment in past due loans as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment > ​ ​ 30 ‑ 59 Days ​ 60 ‑ 89 Days ​ Than ​ Total Past ​ ​ ​ ​ Total ​ 90 Days and ​ ​ Past Due ​ Past Due ​ 90 Days ​ Due ​ Current ​ Loans ​ Accruing December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 ​ $ 10,471 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 37,024 ​ 37,024 ​ — ​ ​ — ​ — ​ — ​ — ​ 47,495 ​ 47,495 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 122,666 ​ 122,666 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 154,855 ​ 154,855 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 12,743 ​ 12,743 ​ — Farmland ​ — ​ — ​ — ​ — ​ 326 ​ 326 ​ — ​ ​ — ​ — ​ — ​ — ​ 290,590 ​ 290,590 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 83 ​ 25 ​ — ​ 108 ​ 21,449 ​ 21,557 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 95,638 ​ 95,638 ​ — Second deed of trust ​ 33 ​ — ​ — ​ 33 ​ 11,304 ​ 11,337 ​ — ​ ​ 116 ​ 25 ​ — ​ 141 ​ 128,391 ​ 128,532 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ — ​ — ​ — ​ — ​ 86,203 ​ 86,203 ​ — Guaranteed student loans ​ 690 ​ 493 ​ 2,228 ​ 3,411 ​ 14,512 ​ 17,923 ​ 2,228 Consumer and other ​ 734 ​ — ​ — ​ 734 ​ 3,531 ​ 4,265 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,540 ​ $ 518 ​ $ 2,228 ​ $ 4,286 ​ $ 570,722 ​ $ 575,008 ​ $ 2,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment > ​ ​ 30-59 Days ​ 60-89 Days ​ Than ​ Total Past ​ ​ ​ ​ Total ​ 90 Days and ​ ​ Past Due ​ Past Due ​ 90 Days ​ Due ​ Current ​ Loans ​ Accruing December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,727 ​ $ 9,727 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 35,400 ​ 35,400 ​ — ​ ​ — ​ — ​ — ​ — ​ 45,127 ​ 45,127 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 119,643 ​ 119,643 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 153,610 ​ 153,610 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 11,291 ​ 11,291 ​ — Farmland ​ — ​ — ​ — ​ — ​ 73 ​ 73 ​ — ​ ​ — ​ — ​ — ​ — ​ 284,617 ​ 284,617 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ 50 ​ — ​ 50 ​ 18,371 ​ 18,421 ​ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 67,495 ​ 67,495 ​ — Second deed of trust ​ 54 ​ — ​ — ​ 54 ​ 7,710 ​ 7,764 ​ — ​ ​ 54 ​ 50 ​ — ​ 104 ​ 93,576 ​ 93,680 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 1,022 ​ — ​ 377 ​ 1,399 ​ 88,949 ​ 90,348 ​ — Guaranteed student loans ​ 831 ​ 390 ​ 1,725 ​ 2,946 ​ 17,671 ​ 20,617 ​ 1,725 Consumer and other ​ — ​ — ​ — ​ — ​ 4,038 ​ 4,038 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,907 ​ $ 440 ​ $ 2,102 ​ $ 4,449 ​ $ 533,978 ​ $ 538,427 ​ $ 1,725
Schedule of impaired loans, after ASU 2016-13	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ ​ Investment ​ Balance ​ Allowance ​ Investment ​ Balance ​ Allowance With no related allowance recorded ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ $ — ​ $ — ​ $ — ​ $ 4,332 ​ $ 4,347 ​ $ — Non-owner occupied ​ — ​ — ​ — ​ 312 ​ 312 ​ — ​ ​ — ​ — ​ — ​ 4,644 ​ 4,659 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ — ​ — ​ 300 ​ 300 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 160 ​ 160 ​ — ​ 1,745 ​ 1,745 ​ — Second deed of trust ​ 105 ​ 105 ​ — ​ 195 ​ 300 ​ — ​ ​ 265 ​ 265 ​ — ​ 2,240 ​ 2,345 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 26 ​ 26 ​ — ​ 19 ​ 19 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 291 ​ 291 ​ — ​ 6,903 ​ 7,023 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ 251 ​ 251 ​ 2 ​ ​ — ​ — ​ — ​ 251 ​ 251 ​ 2 Consumer real estate ​ ​ ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ 136 ​ 136 ​ 6 ​ ​ — ​ — ​ — ​ 136 ​ 136 ​ 6 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 21 ​ ​ 1 ​ ​ — ​ — ​ — ​ 408 ​ 408 ​ 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ 4,583 ​ 4,598 ​ 2 Non-owner occupied ​ — ​ — ​ — ​ 312 ​ 312 ​ — ​ ​ — ​ — ​ — ​ 4,895 ​ 4,910 ​ 2 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ — ​ — ​ — ​ 300 ​ 300 ​ — Secured by 1-4 family residential, ​ ​ ​ ​ ​ ​ First deed of trust ​ 160 ​ 160 ​ — ​ 1,881 ​ 1,881 ​ 6 Second deed of trust ​ 105 ​ 105 ​ — ​ 195 ​ 300 ​ — ​ ​ 265 ​ 265 ​ — ​ 2,376 ​ 2,481 ​ 6 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 26 ​ 26 ​ — ​ 19 ​ 19 ​ — Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 21 ​ ​ 1 ​ ​ $ 291 ​ $ 291 ​ $ — ​ $ 7,311 ​ $ 7,431 ​ $ 9
Schedule of average recorded investment in impaired loans	The following is a summary of average recorded investment in individually evaluated loans with and without valuation allowance and interest income recognized on those loans for periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 ​ 2022 ​ Average Interest Average Interest ​ Recorded ​ Income ​ Recorded ​ Income ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded ​ ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied $ 1,166 ​ $ 208 ​ $ 4,339 ​ $ 159 Non-owner occupied — ​ — ​ 857 ​ 20 ​ 1,166 ​ 208 ​ 5,196 ​ 179 Consumer real estate ​ ​ ​ Home equity lines 74 ​ — ​ 300 ​ 27 Secured by 1-4 family residential ​ ​ ​ First deed of trust 169 ​ 8 ​ 1,798 ​ 70 Second deed of trust 108 ​ 4 ​ 217 ​ 10 ​ 351 ​ 12 ​ 2,315 ​ 107 Commercial and industrial loans ​ ​ ​ (except those secured by real estate) 57 ​ 8 ​ 94 ​ 4 ​ 1,574 ​ 228 ​ 7,605 ​ 290 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied — ​ — ​ 257 ​ 15 ​ — ​ — ​ 257 ​ 15 Consumer real estate ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ First deed of trust — ​ — ​ 121 ​ 7 Second deed of trust — ​ — ​ 49 ​ — ​ — ​ — ​ 170 ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other — ​ — ​ 11 ​ — ​ — ​ — ​ 438 ​ 22 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ Commercial real estate ​ ​ ​ Owner occupied 1,166 ​ 208 ​ 4,596 ​ 174 Non-owner occupied — ​ — ​ 857 ​ 20 ​ 1,166 ​ 208 ​ 5,453 ​ 194 Consumer real estate ​ ​ ​ Home equity lines 74 ​ — ​ 300 ​ 27 Secured by 1-4 family residential, ​ ​ ​ First deed of trust 169 ​ 8 ​ 1,919 ​ 77 Second deed of trust 108 ​ 4 ​ 266 ​ 10 ​ 351 ​ 12 ​ 2,485 ​ 114 Commercial and industrial loans ​ ​ ​ (except those secured by real estate) 57 ​ 8 ​ 94 ​ 4 Consumer and other — ​ — ​ 11 ​ — ​ $ 1,574 ​ $ 228 ​ $ 8,043 ​ $ 312
Schedule of troubled debt restructurings on financing receivables	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Specific ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation ​ ​ Total ​ Performing ​ Nonaccrual Allowance December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ $ 3,348 ​ $ 3,348 ​ $ — ​ $ 2 Non-owner occupied ​ 312 ​ 312 ​ — ​ — ​ ​ 3,660 ​ 3,660 ​ — ​ 2 Consumer real estate ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ First deeds of trust ​ 1,409 ​ 1,409 ​ — ​ 6 Second deeds of trust ​ 75 ​ 19 ​ 56 ​ — ​ ​ 1,484 ​ 1,428 ​ 56 ​ 6 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 19 ​ — ​ 19 ​ — ​ ​ $ 5,163 ​ $ 5,088 ​ $ 75 ​ $ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of loans ​ 24 ​ 22 ​ 2 ​ 3

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Provision for Loan, Lease, and Other Losses [Abstract]
Schedule of activity in the allowance for loan losses	Activity in the allowance for credit losses is as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 4 ​ $ — ​ $ — ​ $ 86 Commercial ​ 192 ​ 34 ​ 2 ​ — ​ — ​ 228 ​ ​ 271 ​ 37 ​ 6 ​ — ​ — ​ 314 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 17 ​ — ​ — ​ 409 Non-owner occupied ​ 1,289 ​ 192 ​ (14) ​ — ​ — ​ 1,467 Multifamily ​ 33 ​ 7 ​ 4 ​ — ​ — ​ 44 Farmland ​ — ​ — ​ 3 ​ — ​ — ​ 3 ​ ​ 2,189 ​ (276) ​ 10 ​ — ​ — ​ 1,923 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 5 ​ — ​ — ​ 40 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 83 ​ — ​ 3 ​ 293 Second deed of trust ​ 43 ​ 25 ​ 15 ​ — ​ 16 ​ 99 ​ ​ 185 ​ 125 ​ 103 ​ — ​ 19 ​ 432 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (110) ​ — ​ 173 ​ 640 Student loans ​ 52 ​ — ​ 35 ​ (30) ​ — ​ 57 Consumer and other ​ 37 ​ (5) ​ 7 ​ (3) ​ — ​ 36 Unallocated ​ 60 ​ (9) ​ (30) ​ — ​ — ​ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 21 ​ $ (33) ​ $ 192 ​ $ 3,423 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ Loan Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ Residential ​ $ 57 ​ $ 22 ​ $ — ​ $ — ​ $ 79 Commercial ​ 229 ​ (37) ​ — ​ — ​ 192 ​ ​ 286 ​ (15) ​ — ​ — ​ 271 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 833 ​ 34 ​ — ​ — ​ 867 Non-owner occupied ​ 1,083 ​ 206 ​ — ​ — ​ 1,289 Multifamily ​ 35 ​ (2) ​ — ​ — ​ 33 Farmland ​ 2 ​ (2) ​ — ​ — ​ — ​ ​ 1,953 ​ 236 ​ — ​ — ​ 2,189 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 12 ​ (59) ​ — ​ 58 ​ 11 Secured by 1-4 family residential ​ ​ ​ ​ ​ First deed of trust ​ 123 ​ 3 ​ — ​ 5 ​ 131 Second deed of trust ​ 47 ​ (311) ​ (27) ​ 334 ​ 43 ​ ​ 182 ​ (367) ​ (27) ​ 397 ​ 185 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 486 ​ 180 ​ (157) ​ 67 ​ 576 Student loans ​ 65 ​ 18 ​ (31) ​ — ​ 52 Consumer and other ​ 29 ​ 10 ​ (2) ​ — ​ 37 Unallocated ​ 422 ​ (362) ​ — ​ — ​ 60 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ (300) ​ $ (217) ​ $ 464 ​ $ 3,370 ​
Schedule of loans evaluated for impairment	Loans were evaluated for the need for credit reserve as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans ​ ​ Allowance ​ Loans ​ Ending ​ ​ ​ ​ Ending ​ ​ ​ ​ ​ Balance Individually Collectively Balance Individually Collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ — ​ $ 86 ​ $ 10,471 ​ $ — ​ $ 10,471 Commercial ​ 228 ​ — ​ 228 ​ 37,024 ​ — ​ 37,024 ​ ​ 314 ​ — ​ 314 ​ 47,495 ​ — ​ 47,495 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ — ​ 409 ​ 122,666 ​ — ​ 122,666 Non-owner occupied ​ 1,467 ​ — ​ 1,467 ​ 154,855 ​ — ​ 154,855 Multifamily ​ 44 ​ — ​ 44 ​ 12,743 ​ — ​ 12,743 Farmland ​ 3 ​ — ​ 3 ​ 326 ​ — ​ 326 ​ ​ 1,923 ​ — ​ 1,923 ​ 290,590 ​ — ​ 290,590 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ — ​ 40 ​ 21,557 ​ — ​ 21,557 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 293 ​ — ​ 293 ​ 95,638 ​ 160 ​ 95,478 Second deed of trust ​ 99 ​ — ​ 99 ​ 11,337 ​ 105 ​ 11,232 ​ ​ 432 ​ — ​ 432 ​ 128,532 ​ 265 ​ 128,267 Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ — ​ 640 ​ 86,203 ​ 26 ​ 86,177 Student loans ​ 57 ​ — ​ 57 ​ 17,923 ​ — ​ 17,923 Consumer and other ​ 57 ​ — ​ 57 ​ 4,265 ​ — ​ 4,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ — ​ $ 3,423 ​ $ 575,008 ​ $ 291 ​ $ 574,717 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ — ​ $ 79 ​ $ 9,727 ​ $ — ​ $ 9,727 Commercial ​ 192 ​ — ​ 192 ​ 35,400 ​ — ​ 35,400 ​ ​ 271 ​ — ​ 271 ​ 45,127 ​ — ​ 45,127 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ 2 ​ 865 ​ 119,643 ​ 4,583 ​ 115,060 Non-owner occupied ​ 1,289 ​ — ​ 1,289 ​ 153,610 ​ 312 ​ 153,298 Multifamily ​ 33 ​ — ​ 33 ​ 11,291 ​ — ​ 11,291 Farmland ​ — ​ — ​ — ​ 73 ​ — ​ 73 ​ ​ 2,189 ​ 2 ​ 2,187 ​ 284,617 ​ 4,895 ​ 279,722 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ — ​ 11 ​ 18,421 ​ 300 ​ 18,121 Secured by 1-4 family residential ​ ​ ​ — ​ ​ ​ First deed of trust ​ 131 ​ 6 ​ 125 ​ 67,495 ​ 1,881 ​ 65,614 Second deed of trust ​ 43 ​ — ​ 43 ​ 7,764 ​ 195 ​ 7,569 ​ ​ 185 ​ 6 ​ 179 ​ 93,680 ​ 2,376 ​ 91,304 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ — ​ 576 ​ 90,348 ​ 19 ​ 90,329 Student loans ​ 52 ​ — ​ 52 ​ 20,617 ​ — ​ 20,617 Consumer and other ​ 97 ​ 1 ​ 96 ​ 4,038 ​ 21 ​ 4,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ 9 ​ $ 3,361 ​ $ 538,427 ​ $ 7,311 ​ $ 531,116 ​
Schedule of provision for credit losses	The following table presents a breakdown of the provision for credit losses for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ Provision for credit losses: ​ ​ ​ ​ ​ Provision (recovery) for loans ​ $ 21 ​ $ (300) ​ Provision (recovery) for unfunded commitments ​ ​ 29 ​ ​ — ​ Total ​ $ 50 ​ $ (300) ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Premises and Equipment
Schedule of premises and equipment	The following is a summary of premises and equipment as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Land ​ $ 4,352 ​ $ 4,352 Buildings and improvements ​ 11,448 ​ 11,444 Furniture, fixtures and equipment ​ 8,500 ​ 7,945 Total premises and equipment ​ 24,300 ​ 23,741 Less: Accumulated depreciation and amortization ​ (12,540) ​ (11,993) ​ ​ ​ ​ ​ ​ ​ Premises and equipment, net ​ $ 11,760 ​ $ 11,748

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Deposits
Schedule of deposits	Deposits as of December 31, 2023 and 2022 were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Amount % Amount % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ $ 247,624 40.9 % $ 255,236 40.9 % Interest checking accounts ​ 76,289 12.6 % 90,252 14.4 % Money market accounts ​ 195,249 32.3 % 179,036 28.6 % Savings accounts ​ 39,633 6.5 % 55,695 8.9 % Time deposits of $250,000 and over ​ 9,145 1.5 % 4,740 0.8 % Other time deposits ​ 37,405 6.2 % 39,784 6.4 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 605,345 100.0 % $ 624,743 100.0 %
Schedule of maturities of time deposits	The following are the scheduled maturities of time deposits as of December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater Than ​ ​ Year Ending ​ Less Than ​ or Equal to ​ ​ ​ December 31, ​ $250,000 ​ $250,000 ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ $ 29,997 ​ $ 8,606 ​ $ 38,603 2025 ​ 3,442 ​ — ​ 3,442 2026 ​ 2,443 ​ — ​ 2,443 2027 ​ 878 ​ 539 ​ 1,417 2028 ​ 645 ​ — ​ 645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 37,405 ​ $ 9,145 ​ $ 46,550

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Borrowings
Schedule of Debt	​ Information related to borrowings as of December 31, 2023 and 2022 is as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ Maximum outstanding during the year ​ ​ ​ Federal Funds Purchased ​ $ 6,498 ​ $ 6,000 ​ FHLB advances ​ ​ 45,000 ​ ​ 20,000 ​ Balance outstanding at end of year ​ ​ ​ ​ Federal Funds Purchased ​ ​ — ​ ​ — ​ FHLB advances ​ 45,000 ​ 20,000 ​ Average amount outstanding during the year ​ ​ ​ ​ Federal Funds Purchased ​ ​ 207 ​ ​ 2 ​ FHLB advances ​ 33,356 ​ 164 ​ Average interest rate during the year ​ ​ ​ ​ Federal Funds Purchased ​ ​ 4.25 % ​ 4.61 % FHLB advances ​ 4.71 % 4.65 % Average interest rate at end of year ​ ​ ​ ​ Federal Funds Purchased ​ ​ — % ​ — % FHLB advances ​ 4.89 % 4.57 % ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Taxes
Schedule of deferred tax assets and liabilities	The following summarizes the tax effects of temporary differences that comprise deferred tax assets and liabilities at December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred tax assets ​ ​ Capital loss carryforward ​ $ 25 ​ $ 25 Allowance for credit losses ​ 719 ​ 708 Unfunded commitment liability ​ ​ 64 ​ ​ — Unrealized loss on available for sale securities ​ ​ 1,489 ​ ​ 2,887 Interest on nonaccrual loans ​ 18 ​ 18 Stock compensation ​ 81 ​ 78 Employee benefits ​ 764 ​ 836 Depreciation ​ ​ 21 ​ ​ 24 Lease obligation ​ 6 ​ 5 Other, net ​ 35 ​ 63 ​ ​ ​ ​ ​ ​ ​ Total deferred tax assets ​ 3,222 ​ 4,644 ​ ​ ​ ​ ​ ​ ​ Deferred tax liabilities ​ ​ Deferred costs, net of fees ​ ​ 169 ​ ​ 123 Pension expense ​ ​ 10 ​ ​ 6 Total deferred tax liabilities ​ 179 ​ 129 ​ ​ ​ ​ ​ ​ ​ Net deferred tax asset ​ $ 3,043 ​ $ 4,515
Schedule of Provision for income taxes	The income tax expense charged to operations for the years ended December 31, 2023 and 2022 consists of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Current tax expense ​ $ 146 ​ $ 1,844 Deferred tax expense ​ 101 ​ 146 ​ ​ ​ ​ ​ ​ ​ Provision for income taxes ​ $ 247 ​ $ 1,990
Schedule of effective income tax rate reconciliation	A reconciliation of income taxes computed at the federal statutory income tax rate to total income taxes is as follows for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Net income before income taxes $ 2,165 $ 10,295 ​ ​ ​ ​ ​ ​ ​ Computed "expected" tax expense $ 455 ​ $ 2,162 State taxes, net of federal ​ ​ (121) ​ ​ (67) Cash surrender value of life insurance ​ ​ (68) ​ ​ (64) Other ​ ​ (19) ​ ​ (41) ​ ​ ​ ​ ​ ​ ​ Provision for income taxes $ 247 $ 1,990

Earnings per common share (Tabl

Earnings per common share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings per common share
Schedule of basic and diluted earnings per common share	The following table presents the basic and diluted earnings per share computations (dollars in thousands except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 2022 Numerator ​ ​ ​ Net income - basic and diluted ​ $ 1,918 ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ Weighted average shares outstanding - basic ​ 1,486 ​ 1,477 Dilutive effect of common stock options ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ 1,486 ​ 1,477 ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.29 ​ $ 5.62 Earnings per share - diluted ​ $ 1.29 ​ $ 5.62

Lease Commitments (Tables)

Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2023
Lease Commitments
Schedule of information about the Company's leases	The following tables present information about the Company’s leases (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 ​ Lease liabilities ​ $ 847 ​ $ 1,122 ​ Right-of-use assets ​ $ 818 ​ $ 1,100 ​ Weighted average remaining lease term ​ ​ 3.66 ​ 4.40 ​ Weighted average discount rate ​ ​ 2.80 % 2.51 % ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, ​ ​ 2023 ​ 2022 Lease cost ​ ​ ​ ​ Operating lease cost ​ $ 309 ​ $ 301 Total lease cost ​ $ 309 ​ $ 301
Schedule of maturity analysis of operating lease liabilities	​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows (dollars in thousands): ​ ​ ​ ​ ​ As of ​ ​ December 31, 2023 Lease payments due ​ Twelve months ending December 31, 2024 ​ $ 313 Twelve months ending December 31, 2025 ​ 214 Twelve months ending December 31, 2026 ​ 163 Twelve months ending December 31, 2027 ​ 146 Twelve months ending December 31, 2028 ​ 52 Thereafter ​ 8 Total undiscounted cash flows ​ $ 896 Discount ​ 49 Lease liabilities ​ $ 847

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and contingencies
Schedule of off balance sheet financial instruments	At December 31, 2023 and 2022, the Company had outstanding the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ Undisbursed credit lines ​ $ 127,918 ​ $ 119,454 Commitments to extend or originate credit ​ 7,463 ​ 9,899 Standby letters of credit ​ 1,202 ​ 922 ​ ​ ​ ​ ​ ​ ​ Total commitments to extend credit ​ $ 136,583 ​ $ 130,275

Shareholders' Equity and Regu_2

Shareholders' Equity and Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2023
Shareholders' Equity and Regulatory Matters
Schedule of accumulated other comprehensive income (loss)	The following table presents the accumulated other comprehensive loss as of December 31, 2023 and 2022, respectively (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) Other comprehensive (loss) income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ 1,320 ​ ​ 9 ​ ​ 1,329 Amounts reclassified from AOCI into earnings ​ ​ 3,939 ​ ​ - ​ ​ 3,939 Net current period other comprehensive income ​ ​ 5,259 ​ ​ 9 ​ ​ 5,268 Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2021 ​ $ (717) ​ $ (27) ​ $ (744) Other comprehensive (loss) income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ (10,146) ​ ​ 9 ​ ​ (10,137) Amounts reclassified from AOCI into earnings ​ ​ - ​ ​ - ​ ​ - Net current period other comprehensive income ​ ​ (10,146) ​ ​ 9 ​ ​ (10,137) Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) ​
Schedule of capital amounts and ratios	The capital amounts and ratios at December 31, 2023 and 2022 for the Bank are presented in the table below (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ Including Conservation Buffer (1) ​ To be Well Capitalized ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 86,493 14.49 % ​ $ 62,679 10.50 % ​ $ 59,695 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 50,740 8.50 % ​ 47,756 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 82,764 11.14 % ​ 29,706 4.00 % ​ 37,133 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 41,786 7.00 % ​ 38,801 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 84,982 14.81 % ​ $ 60,267 10.50 % ​ $ 57,398 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 81,612 14.22 % ​ 48,788 8.50 % ​ 45,918 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 81,612 10.95 % ​ 29,805 4.00 % ​ 37,256 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 81,612 14.22 % ​ 40,178 7.00 % ​ 37,308 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) Basel III Capital Rules require banking organizations to maintain a minimum CETI ratio of 4.5% , plus a 2.5% capital conservation buffer; a minimum Tier 1 capital ratio of 6.0% , plus a 2.5% capital conservation buffer; a minimum, total risk-based capital ratio of 8.0% , plus a 2.5% conservation buffer; and a minimum Tier leverage ratio of 4.0% ​

Stock incentive plan (Tables)

Stock incentive plan (Tables)	12 Months Ended
	Dec. 31, 2023
Stock incentive plan
Schedule of options outstanding under company's stock incentive plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2023 ​ 2022 ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ Options ​ Price ​ Per Share ​ Value ​ Options ​ Price ​ Per Share ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding, beginning of period 14 ​ $ 25.28 ​ $ 9.76 ​ ​ ​ 734 ​ $ 25.63 ​ $ 9.76 ​ ​ Granted — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Forfeited (14) ​ 25.28 ​ 9.76 ​ ​ ​ — ​ — ​ — ​ ​ Exercised — ​ — ​ $ — ​ ​ ​ (720) ​ 25.63 ​ 9.76 ​ ​ Options outstanding, end of period — ​ $ — ​ $ — ​ $ — ​ 14 ​ $ 25.28 ​ $ 9.76 ​ $ — Options exercisable, end of period — ​ ​ ​ ​ ​ ​ 14 ​ ​ ​ ​ ​
Schedule of information about stock options outstanding	The following table summarizes information about stock options outstanding at December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Exercisable ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining ​ Weighted ​ ​ ​ Weighted ​ ​ ​ ​ Years of ​ Average ​ ​ ​ Average Range of ​ Number of ​ Contractual ​ Exercise ​ Number of ​ Exercise Exercise Prices ​ Options ​ Life ​ Price ​ Options ​ Price ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $25.28-$25.76 14 0.54 ​ $ 25.28 14 ​ $ 25.28 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 14 0.54 ​ 25.28 14 ​ 25.28
Schedule of company's non vested restricted stock awards	A summary of changes in the Company’s non-vested restricted stock awards for the year follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Aggregate ​ ​ ​ ​ Grant-Date ​ Intrinsic ​ ​ Shares ​ Fair-Value ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 28,296 ​ $ 46.60 ​ $ 1,127,879 Granted 13,877 ​ 39.18 ​ 553,137 Vested (12,581) ​ 38.00 ​ (501,479) Forfeited ​ — ​ ​ — ​ ​ — Other (1) 1,485 ​ 29.00 ​ 59,192 December 31, 2023 31,077 ​ $ 45.93 ​ $ 1,238,729 (1) Represents the incremental increase in shares that vested based on the restricted stock units vesting at the maximum potential value as opposed to the targeted value of the award.

Fair value (Tables)

Fair value (Tables)	12 Months Ended
	Dec. 31, 2023
Fair value
Schedule of recurring and Non recurring basis	Assets and liabilities measured at fair value under Topic 820 on a recurring and non-recurring basis are summarized below for the indicated dates (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2023 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 20,615 ​ $ — ​ $ 20,615 ​ $ — Mortgage-backed securities ​ 72,537 ​ — ​ ​ 72,537 ​ — Municipals ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — Subordinated debt ​ 10,777 ​ — ​ 10,277 ​ 500 Loans held for sale ​ ​ 4,983 ​ ​ — ​ ​ 4,983 ​ ​ — IRLC ​ ​ 271 ​ ​ — ​ ​ 271 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 506 ​ ​ — ​ ​ 506 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2022 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 60,902 ​ $ — ​ $ 60,902 ​ $ — Mortgage-backed securities ​ 60,560 ​ — ​ 60,560 ​ — Municipals ​ ​ 1,550 ​ ​ — ​ ​ 1,550 ​ ​ — Subordinated debt ​ 10,841 ​ — ​ 8,841 ​ 2,000 Loans held for sale ​ ​ 2,268 ​ ​ — ​ ​ 2,268 ​ ​ — IRLC ​ ​ 142 ​ ​ — ​ ​ 142 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 207 ​ ​ — ​ ​ 207 ​ ​ — ​
Schedule of company's financial instruments whether or not recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ ​ ​ ​ 2023 ​ 2022 ​ Level in Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ ​ Hierarchy ​ Value ​ Fair Value ​ Value ​ Fair Value Financial assets ​ ​ ​ ​ Cash Level 1 ​ $ 10,383 ​ $ 10,383 ​ $ 12,062 ​ $ 12,062 Cash equivalents Level 2 ​ 7,331 ​ 7,331 ​ 4,616 ​ 4,616 Investment securities available for sale Level 2 ​ 105,085 ​ 105,085 ​ 131,853 ​ 131,853 Investment securities available for sale Level 3 ​ 500 ​ 500 ​ 2,000 ​ 2,000 Federal Home Loan Bank stock Level 2 ​ 2,644 ​ 2,644 ​ 1,223 ​ 1,223 Loans held for sale Level 2 ​ 4,983 ​ 4,983 ​ 2,268 ​ 2,268 Loans Level 3 ​ 575,008 ​ 547,935 ​ 538,427 ​ 521,150 Bank owned life insurance Level 2 ​ 13,120 ​ 13,120 ​ 12,798 ​ 12,798 Accrued interest receivable Level 2 ​ 3,827 ​ 3,827 ​ 3,651 ​ 3,651 Interest rate lock commitments ​ Level 2 ​ ​ 271 ​ ​ 271 ​ ​ 142 ​ ​ 142 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ Deposits Level 2 ​ 605,345 ​ 605,226 ​ 624,743 ​ 625,037 FHLB borrowings Level 2 ​ 45,000 ​ 44,999 ​ 20,000 ​ 20,000 Trust preferred securities Level 2 ​ 8,764 ​ 8,848 ​ 8,764 ​ 7,066 Other borrowings Level 2 ​ 5,700 ​ 5,700 ​ 5,692 ​ 5,692 Accrued interest payable Level 2 ​ 210 ​ 210 ​ 70 ​ 70 Forward sales commitment ​ Level 2 ​ ​ 506 ​ ​ 506 ​ ​ 207 ​ ​ 207 ​

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting
Schedule of segment information	The following table presents segment information as of and for the years ended December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 32,900 ​ $ 374 ​ $ — ​ $ 33,274 Mortgage banking income, net ​ — ​ 2,212 ​ (522) ​ 1,690 Other revenues ​ 3,433 ​ — ​ (173) ​ 3,260 Total revenues ​ 36,333 ​ 2,586 ​ (695) ​ 38,224 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Provision for credit losses ​ ​ 50 ​ ​ — ​ ​ — ​ ​ 50 Interest expense ​ 7,986 ​ — ​ — ​ 7,986 Salaries and benefits ​ 10,585 ​ 2,804 ​ — ​ 13,389 Loss on sale of investment securities, net ​ 4,986 ​ — ​ — ​ 4,986 Other expenses ​ 9,251 ​ 1,092 ​ (695) ​ 9,648 Total operating expenses ​ 32,858 ​ 3,896 ​ (695) ​ 36,059 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 3,475 ​ ​ (1,310) ​ ​ — ​ ​ 2,165 Income tax expense (benefit) ​ ​ 522 ​ ​ (275) ​ ​ — ​ ​ 247 Net income (loss) ​ $ 2,953 ​ $ (1,035) ​ $ — ​ $ 1,918 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 747,711 ​ $ 16,947 ​ $ (28,042) ​ $ 736,616 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 27,250 ​ $ 237 ​ $ — ​ $ 27,487 Mortgage banking income, net ​ — ​ 3,542 ​ (94) ​ 3,448 Other revenues ​ 3,335 ​ — ​ (180) ​ 3,155 Total revenues ​ 30,585 ​ 3,779 ​ (274) ​ 34,090 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Recovery of provision for loan losses ​ ​ (300) ​ ​ — ​ ​ — ​ ​ (300) Interest expense ​ 1,781 ​ — ​ — ​ 1,781 Salaries and benefits ​ 10,585 ​ 3,183 ​ — ​ 13,768 Other expenses ​ 7,625 ​ 1,195 ​ (274) ​ 8,546 Total operating expenses ​ 19,691 ​ 4,378 ​ (274) ​ 23,795 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 10,894 ​ ​ (599) ​ ​ — ​ ​ 10,295 Income tax expense (benefit) ​ ​ 2,116 ​ ​ (126) ​ ​ — ​ ​ 1,990 Net income (loss) ​ $ 8,778 ​ $ (473) ​ $ — ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 738,110 ​ $ 17,874 ​ $ (32,714) ​ $ 723,270 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Parent Corporation Only Finan_2

Parent Corporation Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2023
Parent Corporation Only Financial Statements
Condensed Balance Sheet	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Balance Sheet (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2023 ​ 2022 ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ Cash and due from banks ​ $ 1,666 ​ $ 1,868 Investment in subsidiaries ​ 77,151 ​ 70,731 Investment in special purpose subsidiary ​ 264 ​ 264 Prepaid expenses and other assets ​ 3,008 ​ 2,756 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 82,089 ​ $ 75,619 ​ ​ ​ ​ ​ ​ ​ Liabilities and Shareholders’ Equity ​ ​ Liabilities ​ ​ Balance due to nonbank subsidiaries ​ $ 8,764 ​ $ 8,764 Other borrowings ​ 5,700 ​ 5,692 Accrued interest payable ​ 69 ​ 46 Other liabilities ​ — ​ 6 Total liabilities ​ 14,533 ​ 14,508 ​ ​ ​ ​ ​ ​ ​ Shareholders’ equity ​ ​ Common stock ​ 5,908 ​ 5,868 Additional paid-in capital ​ 55,486 ​ 55,167 Retained Earnings ​ 11,775 ​ 10,957 Stock in directors rabbi trust ​ (467) ​ (689) Directors deferred fees obligation ​ 467 ​ 689 Accumulated other comprehensive loss ​ (5,613) ​ (10,881) Total stockholders’ equity ​ 67,556 ​ 61,111 ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 82,089 ​ $ 75,619
Condensed Statements of Operations and Comprehensive Income	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Income and Comprehensive Income Years Ended December 31, 2023 and 2022 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Income ​ ​ ​ ​ ​ ​ Interest income $ 4 $ 3 Dividends received from subsidiaries ​ ​ 1,975 ​ ​ 1,835 Total Income ​ ​ 1,979 ​ ​ 1,838 ​ ​ ​ ​ ​ ​ ​ Interest expense ​ ​ Interest on borrowed funds ​ 1,111 ​ 694 Total interest expense ​ 1,111 ​ 694 ​ ​ ​ ​ ​ ​ ​ Net interest income ​ 868 ​ 1,144 ​ ​ ​ ​ ​ ​ ​ Noninterest expense ​ ​ Supplies ​ 30 ​ 30 Professional and outside services ​ 42 ​ 42 Other ​ 47 ​ 45 Total noninterest expense ​ 119 ​ 117 Net income before undistributed income of subsidiary ​ 749 ​ 1,027 Undistributed income of subsidiary ​ 911 ​ 7,108 Net income before income tax benefit ​ 1,660 ​ 8,135 Income tax benefit ​ ​ (258) ​ (170) ​ ​ ​ ​ ​ ​ ​ Net income ​ $ 1,918 ​ $ 8,305 ​ ​ ​ ​ ​ ​ ​ Total comprehensive income (loss) ​ $ 7,186 ​ $ (1,832)
Condensed Statements of Cash Flows	Village Bank and Trust Financial Corp. (Parent Corporation Only) Condensed Statements of Cash Flows Years Ended December 31, 2023 and 2022 (in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ Cash Flows from Operating Activities ​ ​ Net income ​ $ 1,918 ​ $ 8,305 Adjustments to reconcile net income to net cash used in operating activities ​ ​ Amortization of debt issuance costs ​ 8 ​ 32 Undistributed income of subsidiary ​ (911) ​ (7,108) Net change in: ​ ​ ​ Other assets ​ (253) ​ (170) Interest Payable ​ 23 ​ — Other liabilities ​ (6) ​ 1 Net cash used in operating activities ​ 779 ​ 1,060 ​ ​ ​ ​ ​ ​ ​ Cash Flows from Investing Activities ​ ​ Net cash provided by investing activities ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Cash Flows from Financing Activities ​ ​ Proceeds from exercise of stock options ​ ​ — ​ ​ 18 Cash dividends paid ​ ​ (981) ​ ​ (857) Net cash used in financing activities ​ (981) ​ (839) Net increase in cash ​ (202) ​ 221 Cash, beginning of year ​ 1,868 ​ 1,647 ​ ​ ​ ​ ​ ​ ​ Cash, end of year ​ $ 1,666 ​ $ 1,868 ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	12 Months Ended		24 Months Ended
	Dec. 31, 2023 USD ($) position segment	Dec. 31, 2022 USD ($) position	Dec. 31, 2023 USD ($) position	May 19, 2020 shares	May 26, 2015 shares
Accounting Policies [Line Items]
Loans held for sale	$ 5,000,000	$ 2,300,000	$ 5,000,000
Unpaid Principal balance	$ 4,800,000	2,200,000	4,800,000
Loan Non Accrual Period	90 days
Loan Accrual Period	90 days
Contractual amount of standby letters of credit	$ 1,202,000	922,000
Assets held for sale	$ 0	0	$ 0
Property, Plant and Equipment, Useful Life	39 years		39 years
Net unrealized gains (losses) on securities	$ (5,603,000)	(10,862,000)	$ (5,603,000)
Assets held as other real estate owned			0
Net unrecognized losses on defined benefit plan	(10,000)	(19,000)	(10,000)
IRLC Notional amount	$ 7,500,000		7,500,000
Number of reportable segments | segment	2
Other Assets
Accounting Policies [Line Items]
Fair value of IRLC	$ 271,000	142,000	$ 271,000
IRLC Notional amount		$ 9,900,000
IRLC total positions | position	27	31	27
Other Liabilities
Accounting Policies [Line Items]
IRLC total positions | position	47	38	47
Fair value of forward sales commitments	$ 506,000	$ 207,000	$ 506,000
Forward sales commitments notional amount	$ 12,300,000	$ 12,100,000	$ 12,300,000
US Department of Education [Member]
Accounting Policies [Line Items]
Percentages Of Principal And Accrued Interest Covered By Guarantee	98%
Maximum | Equipment
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	7 years		7 years
Minimum | Equipment
Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life	3 years		3 years
Stock Incentive Plan 2015 [Member]
Accounting Policies [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized | shares				120,000	60,000

Principles of presentation - Im

Principles of presentation - Impact of ASC 326 (Details) - USD ($)	Dec. 31, 2023	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Allowance Ending Balance	$ 3,423,000		$ 3,370,000	$ 3,423,000
Total Allowance for credit losses	3,423,000		3,370,000	3,423,000
Allowance for credit losses on unfunded credit exposure	306,000
Total Allowance for credit losses	3,730,000
Retained earnings	11,775,000		10,957,000
Adoption of ASC 326
Allowance Ending Balance	(127,000)
Total Allowance for credit losses	(127,000)
Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		$ (127,000)
Total Allowance for credit losses		(127,000)
Allowance for credit losses on unfunded credit exposure		277,000
Total Allowance for credit losses		150,000
Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		3,243,000
Total Allowance for credit losses		3,243,000
Allowance for credit losses on unfunded credit exposure		277,000
Total Allowance for credit losses		3,520,000
Retained earnings		(119,000)
Accounting Standards Update 2022-02
Allowance for credit loss on financing receivable, non-collateral dependent troubled debt restructuring loans		(8,000,000)
Consumer and other
Allowance Ending Balance	57,000		97,000
Total Allowance for credit losses	57,000		97,000
Construction and land development
Allowance Ending Balance	314,000		271,000	286,000
Total Allowance for credit losses	314,000		271,000	286,000
Construction and land development | Adoption of ASC 326
Allowance Ending Balance	37,000
Total Allowance for credit losses	37,000
Construction and land development | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		37,000
Total Allowance for credit losses		37,000
Construction and land development | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		308,000
Total Allowance for credit losses		308,000
Construction and land development | Residential
Allowance Ending Balance	86,000		79,000	57,000
Total Allowance for credit losses	86,000		79,000	57,000
Construction and land development | Residential | Adoption of ASC 326
Allowance Ending Balance	3,000
Total Allowance for credit losses	3,000
Construction and land development | Residential | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		3,000
Total Allowance for credit losses		3,000
Construction and land development | Residential | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		82,000
Total Allowance for credit losses		82,000
Construction and land development | Commercial
Allowance Ending Balance	228,000		192,000	229,000
Total Allowance for credit losses	228,000		192,000	229,000
Construction and land development | Commercial | Adoption of ASC 326
Allowance Ending Balance	34,000
Total Allowance for credit losses	34,000
Construction and land development | Commercial | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		34,000
Total Allowance for credit losses		34,000
Construction and land development | Commercial | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		226,000
Total Allowance for credit losses		226,000
Commercial real estate
Allowance Ending Balance	1,923,000		2,189,000	1,953,000
Total Allowance for credit losses	1,923,000		2,189,000	1,953,000
Commercial real estate | Adoption of ASC 326
Allowance Ending Balance	(276,000)
Total Allowance for credit losses	(276,000)
Commercial real estate | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		(276,000)
Total Allowance for credit losses		(276,000)
Commercial real estate | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		1,913,000
Total Allowance for credit losses		1,913,000
Commercial real estate | Owner occupied
Allowance Ending Balance	409,000		867,000	833,000
Total Allowance for credit losses	409,000		867,000	833,000
Commercial real estate | Owner occupied | Adoption of ASC 326
Allowance Ending Balance	(475,000)
Total Allowance for credit losses	(475,000)
Commercial real estate | Owner occupied | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		(475,000)
Total Allowance for credit losses		(475,000)
Commercial real estate | Owner occupied | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		392,000
Total Allowance for credit losses		392,000
Commercial real estate | Non-owner occupied
Allowance Ending Balance	1,467,000		1,289,000	1,083,000
Total Allowance for credit losses	1,467,000		1,289,000	1,083,000
Commercial real estate | Non-owner occupied | Adoption of ASC 326
Allowance Ending Balance	192,000
Total Allowance for credit losses	192,000
Commercial real estate | Non-owner occupied | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		192,000
Total Allowance for credit losses		192,000
Commercial real estate | Non-owner occupied | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		1,481,000
Total Allowance for credit losses		1,481,000
Commercial real estate | Multifamily
Allowance Ending Balance	44,000		33,000	35,000
Total Allowance for credit losses	44,000		33,000	35,000
Commercial real estate | Multifamily | Adoption of ASC 326
Allowance Ending Balance	7,000
Total Allowance for credit losses	7,000
Commercial real estate | Multifamily | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		7,000
Total Allowance for credit losses		7,000
Commercial real estate | Multifamily | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		40,000
Total Allowance for credit losses		40,000
Commercial real estate | Farmland
Allowance Ending Balance	3,000		0	2,000
Total Allowance for credit losses	3,000		0	2,000
Consumer real estate secured by 1-4 family residential
Allowance Ending Balance	432,000		185,000	182,000
Total Allowance for credit losses	432,000		185,000	182,000
Consumer real estate secured by 1-4 family residential | Adoption of ASC 326
Allowance Ending Balance	125,000
Total Allowance for credit losses	125,000
Consumer real estate secured by 1-4 family residential | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		125,000
Total Allowance for credit losses		125,000
Consumer real estate secured by 1-4 family residential | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		310,000
Total Allowance for credit losses		310,000
Consumer real estate secured by 1-4 family residential | Home equity lines
Allowance Ending Balance	40,000		11,000	12,000
Total Allowance for credit losses	40,000		11,000	12,000
Consumer real estate secured by 1-4 family residential | Home equity lines | Adoption of ASC 326
Allowance Ending Balance	24,000
Total Allowance for credit losses	24,000
Consumer real estate secured by 1-4 family residential | Home equity lines | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		24,000
Total Allowance for credit losses		24,000
Consumer real estate secured by 1-4 family residential | Home equity lines | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		35,000
Total Allowance for credit losses		35,000
Consumer real estate secured by 1-4 family residential | First deed of trust
Allowance Ending Balance	293,000		131,000	123,000
Total Allowance for credit losses	293,000		131,000	123,000
Consumer real estate secured by 1-4 family residential | First deed of trust | Adoption of ASC 326
Allowance Ending Balance	76,000
Total Allowance for credit losses	76,000
Consumer real estate secured by 1-4 family residential | First deed of trust | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		76,000
Total Allowance for credit losses		76,000
Consumer real estate secured by 1-4 family residential | First deed of trust | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		207,000
Total Allowance for credit losses		207,000
Consumer real estate secured by 1-4 family residential | Second deed of trust
Allowance Ending Balance	99,000		43,000	47,000
Total Allowance for credit losses	99,000		43,000	47,000
Consumer real estate secured by 1-4 family residential | Second deed of trust | Adoption of ASC 326
Allowance Ending Balance	25,000
Total Allowance for credit losses	25,000
Consumer real estate secured by 1-4 family residential | Second deed of trust | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		25,000
Total Allowance for credit losses		25,000
Consumer real estate secured by 1-4 family residential | Second deed of trust | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		68,000
Total Allowance for credit losses		68,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Allowance Ending Balance	640,000		576,000	486,000
Total Allowance for credit losses	640,000		576,000	486,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Adoption of ASC 326
Allowance Ending Balance	1,000
Total Allowance for credit losses	1,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		1,000
Total Allowance for credit losses		1,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		577,000
Total Allowance for credit losses		577,000
Commercial and industrial loans | Guaranteed student loans
Allowance Ending Balance	57,000		52,000	65,000
Total Allowance for credit losses	57,000		52,000	65,000
Commercial and industrial loans | Guaranteed student loans | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		52,000
Total Allowance for credit losses		52,000
Commercial and industrial loans | Consumer and other
Allowance Ending Balance	36,000		37,000	29,000
Total Allowance for credit losses	36,000		37,000	29,000
Commercial and industrial loans | Consumer and other | Adoption of ASC 326
Allowance Ending Balance	(5,000)
Total Allowance for credit losses	(5,000)
Commercial and industrial loans | Consumer and other | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		(5,000)
Total Allowance for credit losses		(5,000)
Commercial and industrial loans | Consumer and other | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		32,000
Total Allowance for credit losses		32,000
Commercial and industrial loans | Unallocated
Allowance Ending Balance	21,000		60,000	422,000
Total Allowance for credit losses	21,000		$ 60,000	$ 422,000
Commercial and industrial loans | Unallocated | Adoption of ASC 326
Allowance Ending Balance	(9,000)
Total Allowance for credit losses	$ (9,000)
Commercial and industrial loans | Unallocated | Accounting Standards Update 2016-13 | Adoption of ASC 326
Allowance Ending Balance		(9,000)
Total Allowance for credit losses		(9,000)
Commercial and industrial loans | Unallocated | Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Allowance Ending Balance		51,000
Total Allowance for credit losses		$ 51,000

Investment securities availab_3

Investment securities available for sale - Amortized cost and fair value of investment securities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 112,678	$ 147,603
Gross Unrealized Gains	673	40
Gross Unrealized Losses	(7,766)	(13,790)
Fair Value	105,585	133,853
U.S. Government agencies obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	20,690	64,631
Gross Unrealized Gains		5
Gross Unrealized Losses	(75)	(3,734)
Fair Value	20,615	60,902
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	77,275	69,151
Gross Unrealized Gains	643	6
Gross Unrealized Losses	(5,381)	(8,597)
Fair Value	72,537	60,560
Municipals
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,264	2,268
Gross Unrealized Losses	(608)	(718)
Fair Value	1,656	1,550
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,449	11,553
Gross Unrealized Gains	30	29
Gross Unrealized Losses	(1,702)	(741)
Fair Value	$ 10,777	$ 10,841

Investment securities availab_4

Investment securities available for sale - Summary of investment securities available for sale having fair value and unrealized loss position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	$ 8,776	$ 63,242
Securities in a loss position for less than 12 Months, Unrealized Losses	(611)	(4,809)
Securities in a loss position for more than 12 Months, Fair Value	58,193	63,361
Securities in a loss Position for more than 12 Months, Unrealized Losses	(7,155)	(8,981)
Total Fair Value	66,969	126,603
Total Unrealized Losses	(7,766)	(13,790)
U.S. Government agencies obligations
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	0	21,848
Securities in a loss position for less than 12 Months, Unrealized Losses	0	(723)
Securities in a loss position for more than 12 Months, Fair Value	20,289	37,256
Securities in a loss Position for more than 12 Months, Unrealized Losses	(75)	(3,011)
Total Fair Value	20,289	59,104
Total Unrealized Losses	(75)	(3,734)
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	4,631	36,089
Securities in a loss position for less than 12 Months, Unrealized Losses	(24)	(3,588)
Securities in a loss position for more than 12 Months, Fair Value	30,311	22,549
Securities in a loss Position for more than 12 Months, Unrealized Losses	(5,357)	(5,009)
Total Fair Value	34,942	58,638
Total Unrealized Losses	(5,381)	(8,597)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	0	0
Securities in a loss position for less than 12 Months, Unrealized Losses	0	0
Securities in a loss position for more than 12 Months, Fair Value	1,656	1,549
Securities in a loss Position for more than 12 Months, Unrealized Losses	(608)	(718)
Total Fair Value	1,656	1,549
Total Unrealized Losses	(608)	(718)
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	4,145	5,305
Securities in a loss position for less than 12 Months, Unrealized Losses	(587)	(498)
Securities in a loss position for more than 12 Months, Fair Value	5,937	2,007
Securities in a loss Position for more than 12 Months, Unrealized Losses	(1,115)	(243)
Total Fair Value	10,082	7,312
Total Unrealized Losses	$ (1,702)	$ (741)

Investment securities availab_5

Investment securities available for sale - Summary of amortized cost and estimated fair value of investment securities available for sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized Cost
Less than one year	$ 19,990
One to five years	10,805
Five to ten years	17,370
More than ten years	64,513
Total	112,678
Fair Value
Less than one year	19,928
One to five years	10,883
Five to ten years	15,781
More than ten years	58,993
Total	$ 105,585	$ 133,853

Investment securities availab_6

Investment securities available for sale - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) position	Dec. 31, 2022 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 112,678,000	$ 147,603,000
Proceeds from the sale of available-for-sale securities	$ 50,079,000	0
Weighted average yield	1.48%
Loss on sale of investment securities, net	$ (4,986,000)
Reduction of FHLB borrowings	$ 15,000,000
FLBH Borrowings rate	5.57%
Weighted average life of reinvested proceeds	5 years
Number of positions, more than 12 months | position	28
Number of positions, Total months | position	56
Total Fair Value	$ 66,969,000	126,603,000
Total Unrealized Losses	7,766,000	13,790,000
Available-for-sale Securities, Gross Unrealized Loss	9,000,000
FHLB advances
Schedule of Available-for-sale Securities [Line Items]
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank	24,926,000	$ 5,613,000
Securities Sold, Available For Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 55,195,000
Securities Sold, Reinvested, Available For Sale Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Weighted average yield	5.48%
Duration of reinvested proceeds	3 years 4 months 24 days

Investment securities availab_7

Investment securities available for sale - Summary of gross realized gains and losses to available for sale securities (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
Investment securities available for sale
Available-for-sale Securities, Gross Realized Gain (Loss), Total	$ (4,986,000)

Loans - Classified by type (Det

Loans - Classified by type (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		$ 538,427
Deferred (fees) and costs, net		588
Less: allowance for credit losses	$ (3,423)	(3,370)	$ (3,423)
Total loans, net		$ 535,645
Percentage of class of loans to loan portfolio (in percent)	100%	100%
Loans
Total loans	$ 575,008
Deferred (fees) and costs, net	803
Less: allowance for credit losses	(3,423)	$ (3,370)	(3,423)
Total loans, net	572,388
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		45,127
Less: allowance for credit losses	$ (314)	$ (271)	(286)
Percentage of class of loans to loan portfolio (in percent)	8.26%	8.38%
Loans
Total loans	$ 47,495
Less: allowance for credit losses	(314)	$ (271)	(286)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		284,617
Less: allowance for credit losses	$ (1,923)	$ (2,189)	(1,953)
Percentage of class of loans to loan portfolio (in percent)	50.54%	52.86%
Loans
Total loans	$ 290,590
Less: allowance for credit losses	(1,923)	$ (2,189)	(1,953)
Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		93,680
Less: allowance for credit losses	$ (432)	$ (185)	(182)
Percentage of class of loans to loan portfolio (in percent)	22.35%	17.40%
Loans
Total loans	$ 128,532
Less: allowance for credit losses	(432)	$ (185)	(182)
Residential | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		9,727
Less: allowance for credit losses	$ (86)	$ (79)	(57)
Percentage of class of loans to loan portfolio (in percent)	1.82%	1.81%
Loans
Total loans	$ 10,471
Less: allowance for credit losses	(86)	$ (79)	(57)
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		35,400
Less: allowance for credit losses	$ (228)	$ (192)	(229)
Percentage of class of loans to loan portfolio (in percent)	6.44%	6.57%
Loans
Total loans	$ 37,024
Less: allowance for credit losses	(228)	$ (192)	(229)
Owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		119,643
Less: allowance for credit losses	$ (409)	$ (867)	(833)
Percentage of class of loans to loan portfolio (in percent)	21.33%	22.22%
Loans
Total loans	$ 122,666
Less: allowance for credit losses	(409)	$ (867)	(833)
Non-owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		153,610
Less: allowance for credit losses	$ (1,467)	$ (1,289)	(1,083)
Percentage of class of loans to loan portfolio (in percent)	26.93%	28.53%
Loans
Total loans	$ 154,855
Less: allowance for credit losses	(1,467)	$ (1,289)	(1,083)
Multifamily | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		11,291
Less: allowance for credit losses	$ (44)	$ (33)	(35)
Percentage of class of loans to loan portfolio (in percent)	2.22%	2.10%
Loans
Total loans	$ 12,743
Less: allowance for credit losses	(44)	$ (33)	(35)
Farmland | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		73
Less: allowance for credit losses	$ (3)	$ 0	(2)
Percentage of class of loans to loan portfolio (in percent)	0.06%	0.01%
Loans
Total loans	$ 326
Less: allowance for credit losses	(3)	$ 0	(2)
Home equity lines | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		18,421
Less: allowance for credit losses	$ (40)	$ (11)	(12)
Percentage of class of loans to loan portfolio (in percent)	3.75%	3.42%
Loans
Total loans	$ 21,557
Less: allowance for credit losses	(40)	$ (11)	(12)
First deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		67,495
Less: allowance for credit losses	$ (293)	$ (131)	(123)
Percentage of class of loans to loan portfolio (in percent)	16.63%	12.54%
Loans
Total loans	$ 95,638
Less: allowance for credit losses	(293)	$ (131)	(123)
Second deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		7,764
Less: allowance for credit losses	$ (99)	$ (43)	(47)
Percentage of class of loans to loan portfolio (in percent)	1.97%	1.44%
Loans
Total loans	$ 11,337
Less: allowance for credit losses	(99)	$ (43)	(47)
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		90,348
Less: allowance for credit losses	$ (640)	$ (576)	(486)
Percentage of class of loans to loan portfolio (in percent)	14.99%	16.78%
Loans
Total loans	$ 86,203
Less: allowance for credit losses	(640)	$ (576)	(486)
Guaranteed student loans | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		20,617
Less: allowance for credit losses	$ (57)	$ (52)	(65)
Percentage of class of loans to loan portfolio (in percent)	3.12%	3.83%
Loans
Total loans	$ 17,923
Less: allowance for credit losses	(57)	$ (52)	(65)
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		4,038
Less: allowance for credit losses	(57)	(97)
Loans
Total loans	4,265
Less: allowance for credit losses	(57)	(97)
Consumer and other | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		4,038
Less: allowance for credit losses	$ (36)	$ (37)	(29)
Percentage of class of loans to loan portfolio (in percent)	0.74%	0.75%
Loans
Total loans	$ 4,265
Less: allowance for credit losses	$ (36)	$ (37)	$ (29)

Loans - Summary of loans direct

Loans - Summary of loans directly or indirectly with executive officers or directors of the Company (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans and allowance for credit losses
Beginning balance	$ 4,365	$ 5,922
Additions	6,774	7,662
Effect of changes in composition of related parties	(160)	0
Reductions	(6,063)	(9,219)
Ending balance	$ 4,916	$ 4,365

Loans - Information on the risk

Loans - Information on the risk rating of loans (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Total loans		$ 538,427,000
Total loans	$ 575,008,000
Total loans	291,000	654,000
Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans		4,038,000
Total loans	4,265,000
Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans		513,259,000
Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans		22,946,000
Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans		2,222,000
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total loans		45,127,000
Total loans	47,495,000
Construction and land development | Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans		9,727,000
Total loans	10,471,000
Construction and land development | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans		35,400,000
Total loans	37,024,000
Construction and land development | Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans		42,490,000
Construction and land development | Risk Rated 1-4 | Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans		9,727,000
Construction and land development | Risk Rated 1-4 | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans		32,763,000
Construction and land development | Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans		2,637,000
Construction and land development | Risk Rated 5 | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans		2,637,000
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans		284,617,000
Total loans	290,590,000
Commercial real estate | Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		119,643,000
Total loans	122,666,000
Commercial real estate | Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		153,610,000
Total loans	154,855,000
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans		11,291,000
Total loans	12,743,000
Commercial real estate | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total loans		73,000
Total loans	326,000
Commercial real estate | Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans		270,647,000
Commercial real estate | Risk Rated 1-4 | Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		115,825,000
Commercial real estate | Risk Rated 1-4 | Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		143,458,000
Commercial real estate | Risk Rated 1-4 | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans		11,291,000
Commercial real estate | Risk Rated 1-4 | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total loans		73,000
Commercial real estate | Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans		12,735,000
Commercial real estate | Risk Rated 5 | Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		2,583,000
Commercial real estate | Risk Rated 5 | Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		10,152,000
Commercial real estate | Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,235,000
Commercial real estate | Risk Rated 6 | Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,235,000
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment [Line Items]
Total loans		93,680,000
Total loans	128,532,000
Total loans	265,000	635,000
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans		18,421,000
Total loans	21,557,000
Total loans		300,000
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		67,495,000
Total loans	95,638,000
Total loans	160,000	164,000
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		7,764,000
Total loans	11,337,000
Total loans	105,000	171,000
Consumer real estate secured by 1-4 family residential | Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans		91,640,000
Consumer real estate secured by 1-4 family residential | Risk Rated 1-4 | Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans		17,507,000
Consumer real estate secured by 1-4 family residential | Risk Rated 1-4 | First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		66,616,000
Consumer real estate secured by 1-4 family residential | Risk Rated 1-4 | Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		7,517,000
Consumer real estate secured by 1-4 family residential | Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans		1,093,000
Consumer real estate secured by 1-4 family residential | Risk Rated 5 | Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans		614,000
Consumer real estate secured by 1-4 family residential | Risk Rated 5 | First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		407,000
Consumer real estate secured by 1-4 family residential | Risk Rated 5 | Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		72,000
Consumer real estate secured by 1-4 family residential | Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans		947,000
Consumer real estate secured by 1-4 family residential | Risk Rated 6 | Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans		300,000
Consumer real estate secured by 1-4 family residential | Risk Rated 6 | First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		472,000
Consumer real estate secured by 1-4 family residential | Risk Rated 6 | Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans		175,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans		90,348,000
Total loans	86,203,000
Total loans	26,000	19,000
Commercial and industrial loans | Guaranteed student loans
Financing Receivable, Recorded Investment [Line Items]
Total loans		20,617,000
Total loans	17,923,000
Commercial and industrial loans | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans		4,038,000
Total loans	$ 4,265,000
Commercial and industrial loans | Risk Rated 1-4 | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans		83,848,000
Commercial and industrial loans | Risk Rated 1-4 | Guaranteed student loans
Financing Receivable, Recorded Investment [Line Items]
Total loans		20,617,000
Commercial and industrial loans | Risk Rated 1-4 | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans		4,017,000
Commercial and industrial loans | Risk Rated 5 | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans		6,481,000
Commercial and industrial loans | Risk Rated 6 | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans		19,000
Commercial and industrial loans | Risk Rated 6 | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans		$ 21,000

Loans - Risk category of loans

Loans - Risk category of loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	$ 88,151
2022	100,297
2021	96,010
2020	48,576
2019	29,814
Prior	146,610
Revolving	65,550
Total loans	575,008
Current-period gross write-offs
2023	33
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	47,495
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	290,590
Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	128,532
Residential | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,320
2022	3,812
2021	339
Total loans	10,471
Residential | Construction and land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,320
2022	3,812
2021	339
Total loans	10,471
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	5,007
2022	14,506
2021	10,339
2020	235
Prior	1,183
Revolving	5,754
Total loans	37,024
Commercial | Construction and land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	5,007
2022	14,506
2021	10,339
2020	235
Prior	1,183
Revolving	5,754
Total loans	37,024
Owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	11,945
2022	22,048
2021	20,117
2020	9,855
2019	12,145
Prior	45,768
Revolving	788
Total loans	122,666
Owner occupied | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	11,945
2022	21,846
2021	20,044
2020	9,855
2019	12,145
Prior	41,067
Revolving	788
Total loans	117,690
Owner occupied | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	202
2021	73
Prior	4,701
Total loans	4,976
Non-owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,468
2022	25,607
2021	30,628
2020	23,567
2019	9,528
Prior	52,745
Revolving	3,312
Total loans	154,855
Non-owner occupied | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	9,468
2022	25,607
2021	28,455
2020	23,567
2019	9,528
Prior	47,645
Revolving	3,312
Total loans	147,582
Non-owner occupied | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	2,173
Prior	5,100
Total loans	7,273
Multifamily | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	1,300
2021	2,503
2020	548
2019	885
Prior	6,113
Revolving	1,394
Total loans	12,743
Multifamily | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	1,300
2021	2,503
2020	548
2019	885
Prior	6,113
Revolving	1,394
Total loans	12,743
Farmland | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	26
Revolving	300
Total loans	326
Farmland | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	26
Revolving	300
Total loans	326
Home equity lines | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	446
Revolving	21,111
Total loans	21,557
Home equity lines | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	446
Revolving	21,036
Total loans	21,482
Home equity lines | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	75
Total loans	75
First deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	34,067
2022	14,288
2021	15,613
2020	8,277
2019	2,957
Prior	18,311
Revolving	2,125
Total loans	95,638
First deed of trust | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	34,067
2022	14,288
2021	15,613
2020	8,107
2019	2,957
Prior	17,427
Revolving	2,125
Total loans	94,584
First deed of trust | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	170
Prior	724
Total loans	894
First deed of trust | Consumer real estate secured by 1-4 family residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	160
Total loans	160
Second deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	4,530
2022	3,207
2021	1,027
2020	397
2019	1,112
Prior	798
Revolving	266
Total loans	11,337
Second deed of trust | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	4,530
2022	3,207
2021	1,027
2020	397
2019	1,067
Prior	626
Revolving	266
Total loans	11,120
Second deed of trust | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2019	45
Prior	67
Total loans	112
Second deed of trust | Consumer real estate secured by 1-4 family residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	105
Total loans	105
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	15,059
2022	15,900
2021	15,321
2020	5,647
2019	3,170
Prior	3,732
Revolving	27,374
Total loans	86,203
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	15,022
2022	15,900
2021	15,321
2020	5,634
2019	2,852
Prior	3,698
Revolving	27,068
Total loans	85,495
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	37
2019	318
Prior	22
Revolving	306
Total loans	683
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	13
Prior	12
Total loans	25
Guaranteed student loans | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	17,923
Total loans	17,923
Current-period gross write-offs
2023	30
Guaranteed student loans | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	17,923
Total loans	17,923
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,265
Consumer and other | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	455
2022	483
2021	123
2020	50
2019	17
Prior	11
Revolving	3,126
Total loans	4,265
Current-period gross write-offs
2023	3
Consumer and other | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	455
2022	483
2021	123
2020	50
2019	17
Prior	11
Revolving	3,126
Total loans	$ 4,265

Loans - Aging of recorded inves

Loans - Aging of recorded investment in past due loans and leases (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		$ 538,427
Total loans	$ 575,008
Recorded Investment, 90 Days and Accruing	2,228	1,725
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		533,978
Total loans	570,722
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		4,449
Total loans	4,286
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		1,907
Total loans	1,540
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		440
Total loans	518
Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		2,102
Total loans	2,228
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		4,038
Total loans	4,265
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		45,127
Total loans	47,495
Construction and land development | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		45,127
Total loans	47,495
Construction and land development | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		9,727
Total loans	10,471
Construction and land development | Residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		9,727
Total loans	10,471
Construction and land development | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		35,400
Total loans	37,024
Construction and land development | Commercial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		35,400
Total loans	37,024
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		284,617
Total loans	290,590
Commercial real estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		284,617
Total loans	290,590
Commercial real estate | Owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		119,643
Total loans	122,666
Commercial real estate | Owner occupied | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		119,643
Total loans	122,666
Commercial real estate | Non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		153,610
Total loans	154,855
Commercial real estate | Non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		153,610
Total loans	154,855
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		11,291
Total loans	12,743
Commercial real estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		11,291
Total loans	12,743
Commercial real estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		73
Total loans	326
Commercial real estate | Farmland | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		73
Total loans	326
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		93,680
Total loans	128,532
Consumer real estate secured by 1-4 family residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		93,576
Total loans	128,391
Consumer real estate secured by 1-4 family residential | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		104
Total loans	141
Consumer real estate secured by 1-4 family residential | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		54
Total loans	116
Consumer real estate secured by 1-4 family residential | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		50
Total loans	25
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		18,421
Total loans	21,557
Consumer real estate secured by 1-4 family residential | Home equity lines | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		18,371
Total loans	21,449
Consumer real estate secured by 1-4 family residential | Home equity lines | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		50
Total loans	108
Consumer real estate secured by 1-4 family residential | Home equity lines | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	83
Consumer real estate secured by 1-4 family residential | Home equity lines | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		50
Total loans	25
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		67,495
Total loans	95,638
Consumer real estate secured by 1-4 family residential | First deed of trust | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		67,495
Total loans	95,638
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		7,764
Total loans	11,337
Consumer real estate secured by 1-4 family residential | Second deed of trust | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		7,710
Total loans	11,304
Consumer real estate secured by 1-4 family residential | Second deed of trust | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		54
Total loans	33
Consumer real estate secured by 1-4 family residential | Second deed of trust | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		54
Total loans	33
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		90,348
Total loans	86,203
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		88,949
Total loans	86,203
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		1,399
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		1,022
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		377
Commercial and industrial loans | Guaranteed student loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		20,617
Total loans	17,923
Recorded Investment, 90 Days and Accruing	2,228	1,725
Commercial and industrial loans | Guaranteed student loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		17,671
Total loans	14,512
Commercial and industrial loans | Guaranteed student loans | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		2,946
Total loans	3,411
Commercial and industrial loans | Guaranteed student loans | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		831
Total loans	690
Commercial and industrial loans | Guaranteed student loans | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		390
Total loans	493
Commercial and industrial loans | Guaranteed student loans | Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		1,725
Total loans	2,228
Commercial and industrial loans | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		4,038
Total loans	4,265
Commercial and industrial loans | Consumer and other | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		$ 4,038
Total loans	3,531
Commercial and industrial loans | Consumer and other | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	734
Commercial and industrial loans | Consumer and other | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 734

Loans - Impaired loans (Details

Loans - Impaired loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
With no related allowance recorded
Recorded Investment		$ 6,903
Recorded Investment, after ASU 2016-13	$ 291
Unpaid Principal Balance		7,023
Unpaid Principle Balance, after ASU 2016-13	291
With an allowance recorded
Recorded Investment		408
Unpaid Principal Balance		408
Related Allowance		9
Total
Recorded Investment		7,311
Recorded Investment, after ASU 2016-13	291
Unpaid Principal Balance		7,431
Unpaid Principle Balance, after ASU 2016-13	291
Related Allowance		9
Commercial real estate
With no related allowance recorded
Recorded Investment		4,644
Unpaid Principal Balance		4,659
With an allowance recorded
Recorded Investment		251
Unpaid Principal Balance		251
Total
Recorded Investment		4,895
Unpaid Principal Balance		4,910
Related Allowance		2
Commercial real estate | Owner occupied
With no related allowance recorded
Recorded Investment		4,332
Unpaid Principal Balance		4,347
With an allowance recorded
Recorded Investment		251
Unpaid Principal Balance		251
Total
Recorded Investment		4,583
Unpaid Principal Balance		4,598
Related Allowance		2
Commercial real estate | Non-owner occupied
With no related allowance recorded
Recorded Investment		312
Unpaid Principal Balance		312
Total
Recorded Investment		312
Unpaid Principal Balance		312
Related Allowance		0
Related Allowance, after ASU 2016-13	0
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Recorded Investment		2,240
Recorded Investment, after ASU 2016-13	265
Unpaid Principal Balance		2,345
Unpaid Principle Balance, after ASU 2016-13	265
With an allowance recorded
Recorded Investment		136
Unpaid Principal Balance		136
Related Allowance		6
Total
Recorded Investment		2,376
Recorded Investment, after ASU 2016-13	265
Unpaid Principal Balance		2,481
Unpaid Principle Balance, after ASU 2016-13	265
Related Allowance		6
Consumer real estate secured by 1-4 family residential | Home equity lines
With no related allowance recorded
Recorded Investment		300
Unpaid Principal Balance		300
Total
Recorded Investment		300
Unpaid Principal Balance		300
Consumer real estate secured by 1-4 family residential | First deed of trust
With no related allowance recorded
Recorded Investment		1,745
Recorded Investment, after ASU 2016-13	160
Unpaid Principal Balance		1,745
Unpaid Principle Balance, after ASU 2016-13	160
With an allowance recorded
Recorded Investment		136
Unpaid Principal Balance		136
Total
Recorded Investment		1,881
Recorded Investment, after ASU 2016-13	160
Unpaid Principal Balance		1,881
Unpaid Principle Balance, after ASU 2016-13	160
Related Allowance		6
Consumer real estate secured by 1-4 family residential | Second deed of trust
With no related allowance recorded
Recorded Investment		195
Recorded Investment, after ASU 2016-13	105
Unpaid Principal Balance		300
Unpaid Principle Balance, after ASU 2016-13	105
Total
Recorded Investment		195
Recorded Investment, after ASU 2016-13	105
Unpaid Principal Balance		300
Unpaid Principle Balance, after ASU 2016-13	105
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Recorded Investment		19
Recorded Investment, after ASU 2016-13	26
Unpaid Principal Balance		19
Unpaid Principle Balance, after ASU 2016-13	26
Total
Recorded Investment		19
Recorded Investment, after ASU 2016-13	26
Unpaid Principal Balance		19
Unpaid Principle Balance, after ASU 2016-13	$ 26
Consumer and other
With an allowance recorded
Recorded Investment		21
Unpaid Principal Balance		21
Related Allowance		1
Consumer and other | Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Recorded Investment		21
Unpaid Principal Balance		21
Total
Related Allowance		$ 1

Loans - Average recorded invest

Loans - Average recorded investment in impaired loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Commercial real estate
With no related allowance recorded
Average Recorded Investment	$ 1,166	$ 5,196
Interest Income Recognized		179
Interest Income Recognized, after ASU 2016-13	208
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		257
Interest Income Recognized		15
Total
Average Recorded Investment		5,453
Average Recorded Investment, after ASU 2016-13	1,166
Interest Income Recognized		194
Interest Income Recognized, after ASU 2016-13	208
Commercial real estate | Owner occupied
With no related allowance recorded
Average Recorded Investment	1,166	4,339
Interest Income Recognized		159
Interest Income Recognized, after ASU 2016-13	208
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		257
Interest Income Recognized		15
Total
Average Recorded Investment		4,596
Average Recorded Investment, after ASU 2016-13	1,166
Interest Income Recognized		174
Interest Income Recognized, after ASU 2016-13	208
Commercial real estate | Non-owner occupied
With no related allowance recorded
Average Recorded Investment		857
Interest Income Recognized		20
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Average Recorded Investment	351	2,315
Interest Income Recognized		107
Interest Income Recognized, after ASU 2016-13	12
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		170
Interest Income Recognized		7
Total
Average Recorded Investment		2,485
Average Recorded Investment, after ASU 2016-13	351
Interest Income Recognized		114
Interest Income Recognized, after ASU 2016-13	12
Consumer real estate secured by 1-4 family residential | Non-owner occupied
Total
Average Recorded Investment		857
Interest Income Recognized		20
Consumer real estate secured by 1-4 family residential | Home equity lines
With no related allowance recorded
Average Recorded Investment	74	300
Interest Income Recognized		27
Total
Average Recorded Investment		300
Average Recorded Investment, after ASU 2016-13	74
Interest Income Recognized		27
Consumer real estate secured by 1-4 family residential | First deed of trust
With no related allowance recorded
Average Recorded Investment	169	1,798
Interest Income Recognized		70
Interest Income Recognized, after ASU 2016-13	8
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		121
Interest Income Recognized		7
Total
Average Recorded Investment		1,919
Average Recorded Investment, after ASU 2016-13	169
Interest Income Recognized		77
Interest Income Recognized, after ASU 2016-13	8
Consumer real estate secured by 1-4 family residential | Second deed of trust
With no related allowance recorded
Average Recorded Investment	108	217
Interest Income Recognized		10
Interest Income Recognized, after ASU 2016-13	4
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		49
Total
Average Recorded Investment		266
Average Recorded Investment, after ASU 2016-13	108
Interest Income Recognized		10
Interest Income Recognized, after ASU 2016-13	4
Commercial and industrial loans
With no related allowance recorded
Average Recorded Investment	1,574	7,605
Interest Income Recognized		290
Interest Income Recognized, after ASU 2016-13	228
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		438
Interest Income Recognized		22
Total
Average Recorded Investment		8,043
Average Recorded Investment, after ASU 2016-13	1,574
Interest Income Recognized		312
Interest Income Recognized, after ASU 2016-13	228
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Average Recorded Investment	57	94
Interest Income Recognized		4
Interest Income Recognized, after ASU 2016-13	8
Total
Average Recorded Investment		94
Average Recorded Investment, after ASU 2016-13	57
Interest Income Recognized		4
Interest Income Recognized, after ASU 2016-13	$ 8
Commercial and industrial loans | Consumer and other
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		11
Total
Average Recorded Investment		$ 11

Loans and allowance for credit

Loans and allowance for credit losses - Allowance for loan losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 3,370	$ 3,423
Provision for (Recovery of) Loan Losses		(300)
Charge-offs		(217)
Recoveries		464
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,370	3,423
Provision for (Recovery of) Credit Losses	21
Charge-offs	(33)
Recoveries	192
Ending Balance	3,423	3,370
Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	(127)
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	97
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	97
Ending Balance	57	97
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	271	286
Provision for (Recovery of) Loan Losses		(15)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	271	286
Provision for (Recovery of) Credit Losses	6
Ending Balance	314	271
Construction and land development | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	37
Construction and land development | Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	79	57
Provision for (Recovery of) Loan Losses		22
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	79	57
Provision for (Recovery of) Credit Losses	4
Ending Balance	86	79
Construction and land development | Residential | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	3
Construction and land development | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	192	229
Provision for (Recovery of) Loan Losses		(37)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	192	229
Provision for (Recovery of) Credit Losses	2
Ending Balance	228	192
Construction and land development | Commercial | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	34
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	2,189	1,953
Provision for (Recovery of) Loan Losses		236
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	2,189	1,953
Provision for (Recovery of) Credit Losses	10
Ending Balance	1,923	2,189
Commercial real estate | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	(276)
Commercial real estate | Owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	867	833
Provision for (Recovery of) Loan Losses		34
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	867	833
Provision for (Recovery of) Credit Losses	17
Ending Balance	409	867
Commercial real estate | Owner occupied | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	(475)
Commercial real estate | Non-owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,289	1,083
Provision for (Recovery of) Loan Losses		206
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,289	1,083
Provision for (Recovery of) Credit Losses	(14)
Ending Balance	1,467	1,289
Commercial real estate | Non-owner occupied | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	192
Commercial real estate | Multifamily
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	33	35
Provision for (Recovery of) Loan Losses		(2)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	33	35
Provision for (Recovery of) Credit Losses	4
Ending Balance	44	33
Commercial real estate | Multifamily | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	7
Commercial real estate | Farmland
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	0	2
Provision for (Recovery of) Loan Losses		(2)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	0	2
Provision for (Recovery of) Credit Losses	3
Ending Balance	3	0
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	185	182
Provision for (Recovery of) Loan Losses		(367)
Charge-offs		(27)
Recoveries		397
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	185	182
Provision for (Recovery of) Credit Losses	103
Recoveries	19
Ending Balance	432	185
Consumer real estate secured by 1-4 family residential | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	125
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	11	12
Provision for (Recovery of) Loan Losses		(59)
Recoveries		58
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	11	12
Provision for (Recovery of) Credit Losses	5
Ending Balance	40	11
Consumer real estate secured by 1-4 family residential | Home equity lines | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	24
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	131	123
Provision for (Recovery of) Loan Losses		3
Recoveries		5
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	131	123
Provision for (Recovery of) Credit Losses	83
Recoveries	3
Ending Balance	293	131
Consumer real estate secured by 1-4 family residential | First deed of trust | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	76
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	43	47
Provision for (Recovery of) Loan Losses		(311)
Charge-offs		(27)
Recoveries		334
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	43	47
Provision for (Recovery of) Credit Losses	15
Recoveries	16
Ending Balance	99	43
Consumer real estate secured by 1-4 family residential | Second deed of trust | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	25
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	576	486
Provision for (Recovery of) Loan Losses		180
Charge-offs		(157)
Recoveries		67
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	576	486
Provision for (Recovery of) Credit Losses	(110)
Recoveries	173
Ending Balance	640	576
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	1
Commercial and industrial loans | Student loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	52	65
Provision for (Recovery of) Loan Losses		18
Charge-offs		(31)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	52	65
Provision for (Recovery of) Credit Losses	35
Charge-offs	(30)
Ending Balance	57	52
Commercial and industrial loans | Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	37	29
Provision for (Recovery of) Loan Losses		10
Charge-offs		(2)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	37	29
Provision for (Recovery of) Credit Losses	7
Charge-offs	(3)
Ending Balance	36	37
Commercial and industrial loans | Consumer and other | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	(5)
Commercial and industrial loans | Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	60	422
Provision for (Recovery of) Loan Losses		(362)
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	60	422
Provision for (Recovery of) Credit Losses	(30)
Ending Balance	21	$ 60
Commercial and industrial loans | Unallocated | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	$ (9)

Loans - Nonaccrual TDRs and the

Loans - Nonaccrual TDRs and the related specific valuation allowance by portfolio segment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) loan
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 5,163
New TDR identifications | loan	24
Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 8
New TDR identifications | loan	3
Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 5,088
New TDR identifications | loan	22
Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 75
New TDR identifications | loan	2
Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 3,660
Commercial real estate | Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	2
Commercial real estate | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	3,660
Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	1,484
Consumer real estate secured by 1-4 family residential | Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	6
Consumer real estate secured by 1-4 family residential | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	1,428
Consumer real estate secured by 1-4 family residential | Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	56
Owner occupied | Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	3,348
Owner occupied | Commercial real estate | Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	2
Owner occupied | Commercial real estate | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	3,348
Non-owner occupied | Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	312
Non-owner occupied | Commercial real estate | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	312
First deed of trust | Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	1,409
First deed of trust | Consumer real estate secured by 1-4 family residential | Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	6
First deed of trust | Consumer real estate secured by 1-4 family residential | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	1,409
Second deed of trust | Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	75
Second deed of trust | Consumer real estate secured by 1-4 family residential | Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	19
Second deed of trust | Consumer real estate secured by 1-4 family residential | Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	56
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Information concerning Troubled Debt Restructurings
Recorded Investment	19
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 19

Allowance for Loan Losses (Deta

Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 3,370,000	$ 3,423,000
Provision for (Recovery of) Loan Losses		(300,000)
Provision for (recovery of) credit losses, after ASU 2016-13	50,000	(300,000)
Charge-offs		(217,000)
Recoveries		$ 464,000
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 97,000

Allowance for Loan Losses - Add

Allowance for Loan Losses - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Provision for Loan, Lease, and Other Losses [Abstract]
Recovery of credit losses		$ (300,000)
Recovery of credit losses	$ 50,000	(300,000)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	$ 3,423,000	$ 3,370,000	$ 3,423,000

Allowance for Loan Losses - A_2

Allowance for Loan Losses - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) loan	Dec. 31, 2022 USD ($) loan	Jan. 01, 2023 USD ($)	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan amount		$ 535,645,000
Defaults on TDRs that were modified as TDRs | loan	0	0
Provision for (recovery of) credit losses		$ (300,000)
Provision for (recovery of) credit losses, after ASU 2016-13	$ 50,000	(300,000)
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	3,423,000	3,370,000		$ 3,423,000
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	774,000	2,223,000
Total Allowance for credit losses	3,730,000
Total Allowance for credit losses	3,423,000	3,370,000		$ 3,423,000
Allowance for credit losses on unfunded credit exposure	306,000
Provision for credit losses for loans	$ 21,000	$ (300,000)
Loan growth being offset by improved credit metrics as non-performing loans as a percentage of loans	0.05%	0.12%
Net recoveries for credit losses for loans	$ 159,000
Recovery for credit losses for unfunded commitments	29,000
Adoption of ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	(127,000)
Total Allowance for credit losses	(127,000)
Accounting Standards Update 2016-13 | Adoption of ASC 326
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest			$ (127,000)
Total Allowance for credit losses			150,000
Total Allowance for credit losses			(127,000)
Allowance for credit losses on unfunded credit exposure			277,000
Accounting Standards Update 2016-13 | Cumulative Effect, Period of Adoption, Adjusted Balance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest			3,243,000
Total Allowance for credit losses			3,520,000
Total Allowance for credit losses			3,243,000
Allowance for credit losses on unfunded credit exposure			$ 277,000
Asset Pledged as Collateral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral		$ 33,700,000
Loans pledged as collateral	$ 35,500,000
Guaranteed student loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage Of Recovery Loss On Portfolio From Historical Experience	98%

Allowance for Loan Losses - Pro

Allowance for Loan Losses - Provision for credit losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Provision for Loan, Lease, and Other Losses [Abstract]
Provision (recovery) for loans	$ 21,000	$ (300,000)
Provision (recovery) for unfunded commitments	29,000
Total	$ 50,000	$ (300,000)

Allowance For Loan Losses - Loa

Allowance For Loan Losses - Loans evaluated for impairment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	$ 3,423	$ 3,370	$ 3,423
Allowance Ending Balance	3,423	3,370	3,423
Allowance Individually Evaluated for Impairment		9
Allowance Collectively Evaluated for Impairment		3,361
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	3,423
Loans Ending Balance		538,427
Total loans	575,008
Loans Individually Evaluated for Impairment		7,311
Loans Individually Evaluated For Impairment, after ASU 2016-13	291
Loans Collectively Evaluated for Impairment		531,116
Loans Collectively Evaluated For Impairment, after ASU 2016-13	574,717
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	314	271	286
Allowance Ending Balance	314	271	286
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		271
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	314
Loans Ending Balance		45,127
Total loans	47,495
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		45,127
Loans Collectively Evaluated For Impairment, after ASU 2016-13	47,495
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	1,923	2,189	1,953
Allowance Ending Balance	1,923	2,189	1,953
Allowance Individually Evaluated for Impairment		2
Allowance Collectively Evaluated for Impairment		2,187
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	1,923
Loans Ending Balance		284,617
Total loans	290,590
Loans Individually Evaluated for Impairment		4,895
Loans Collectively Evaluated for Impairment		279,722
Loans Collectively Evaluated For Impairment, after ASU 2016-13	290,590
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	432	185	182
Allowance Ending Balance	432	185	182
Allowance Individually Evaluated for Impairment		6
Allowance Collectively Evaluated for Impairment		179
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	432
Loans Ending Balance		93,680
Total loans	128,532
Loans Individually Evaluated for Impairment		2,376
Loans Individually Evaluated For Impairment, after ASU 2016-13	265
Loans Collectively Evaluated for Impairment		91,304
Loans Collectively Evaluated For Impairment, after ASU 2016-13	128,267
Residential | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	86	79	57
Allowance Ending Balance	86	79	57
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		79
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	86
Loans Ending Balance		9,727
Total loans	10,471
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		9,727
Loans Collectively Evaluated For Impairment, after ASU 2016-13	10,471
Commercial | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	228	192	229
Allowance Ending Balance	228	192	229
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		192
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	228
Loans Ending Balance		35,400
Total loans	37,024
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		35,400
Loans Collectively Evaluated For Impairment, after ASU 2016-13	37,024
Owner occupied | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	409	867	833
Allowance Ending Balance	409	867	833
Allowance Individually Evaluated for Impairment		2
Allowance Collectively Evaluated for Impairment		865
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	409
Loans Ending Balance		119,643
Total loans	122,666
Loans Individually Evaluated for Impairment		4,583
Loans Collectively Evaluated for Impairment		115,060
Loans Collectively Evaluated For Impairment, after ASU 2016-13	122,666
Non-owner occupied | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	1,467	1,289	1,083
Allowance Ending Balance	1,467	1,289	1,083
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		1,289
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	1,467
Loans Ending Balance		153,610
Total loans	154,855
Loans Individually Evaluated for Impairment		312
Loans Collectively Evaluated for Impairment		153,298
Loans Collectively Evaluated For Impairment, after ASU 2016-13	154,855
Multifamily | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	44	33	35
Allowance Ending Balance	44	33	35
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		33
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	44
Loans Ending Balance		11,291
Total loans	12,743
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		11,291
Loans Collectively Evaluated For Impairment, after ASU 2016-13	12,743
Farmland | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	3	0	2
Allowance Ending Balance	3	0	2
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		0
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	3
Loans Ending Balance		73
Total loans	326
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		73
Loans Collectively Evaluated For Impairment, after ASU 2016-13	326
Home equity lines | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	40	11	12
Allowance Ending Balance	40	11	12
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		11
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	40
Loans Ending Balance		18,421
Total loans	21,557
Loans Individually Evaluated for Impairment		300
Loans Collectively Evaluated for Impairment		18,121
Loans Collectively Evaluated For Impairment, after ASU 2016-13	21,557
First deed of trust | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	293	131	123
Allowance Ending Balance	293	131	123
Allowance Individually Evaluated for Impairment		6
Allowance Collectively Evaluated for Impairment		125
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	293
Loans Ending Balance		67,495
Total loans	95,638
Loans Individually Evaluated for Impairment		1,881
Loans Individually Evaluated For Impairment, after ASU 2016-13	160
Loans Collectively Evaluated for Impairment		65,614
Loans Collectively Evaluated For Impairment, after ASU 2016-13	95,478
Second deed of trust | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	99	43	47
Allowance Ending Balance	99	43	47
Allowance Collectively Evaluated for Impairment		43
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	99
Loans Ending Balance		7,764
Total loans	11,337
Loans Individually Evaluated for Impairment		195
Loans Individually Evaluated For Impairment, after ASU 2016-13	105
Loans Collectively Evaluated for Impairment		7,569
Loans Collectively Evaluated For Impairment, after ASU 2016-13	11,232
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	640	576	486
Allowance Ending Balance	640	576	486
Allowance Collectively Evaluated for Impairment		576
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	640
Loans Ending Balance		90,348
Total loans	86,203
Loans Individually Evaluated for Impairment		19
Loans Individually Evaluated For Impairment, after ASU 2016-13	26
Loans Collectively Evaluated for Impairment		90,329
Loans Collectively Evaluated For Impairment, after ASU 2016-13	86,177
Guaranteed student loans | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	57	52	65
Allowance Ending Balance	57	52	65
Allowance Individually Evaluated for Impairment		0
Allowance Collectively Evaluated for Impairment		52
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	57
Loans Ending Balance		20,617
Total loans	17,923
Loans Individually Evaluated for Impairment		0
Loans Collectively Evaluated for Impairment		20,617
Loans Collectively Evaluated For Impairment, after ASU 2016-13	17,923
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	57	97
Allowance Ending Balance	57	97
Allowance Individually Evaluated for Impairment		1
Allowance Collectively Evaluated for Impairment		96
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	57
Loans Ending Balance		4,038
Total loans	4,265
Loans Individually Evaluated for Impairment		21
Loans Collectively Evaluated for Impairment		4,017
Loans Collectively Evaluated For Impairment, after ASU 2016-13	4,265
Consumer and other | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	36	37	29
Allowance Ending Balance	36	37	$ 29
Loans Ending Balance		$ 4,038
Total loans	$ 4,265

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 24,300	$ 23,741
Less: Accumulated depreciation and amortization	(12,540)	(11,993)
Premises and equipment, net	11,760	11,748
Land [Member]
Property, Plant and Equipment [Line Items]
Total premises and equipment	4,352	4,352
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total premises and equipment	11,448	11,444
Furniture fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Total premises and equipment	$ 8,500	$ 7,945

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Premises and Equipment
Depreciation, Depletion and Amortization	$ 604,000	$ 546,000

Investment in Bank Owned Life_2

Investment in Bank Owned Life Insurance - (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment in Bank Owned Life Insurance.
Bank owned life insurance, face amount	$ 21,844,000
Cash surrender value	$ 13,120,000	$ 12,798,000

Investment in Bank Owned Life_3

Investment in Bank Owned Life Insurance - narrative (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment in bank owned life insurance [Abstract]
Bank owned life insurance, face amount	$ 21,844,000
Cash surrender value	$ 13,120,000	$ 12,798,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposit Liability [Line Items]
Demand accounts	$ 247,624	$ 255,236
Interest checking accounts	76,289	90,252
Money market accounts	195,249	179,036
Savings accounts	39,633	55,695
Other time deposits	37,405	39,784
Total	$ 605,345	$ 624,743
Percentage of individual deposits to deposit liability
Demand accounts (in hundredths)	40.90%	40.90%
Interest checking accounts (in hundredths)	12.60%	14.40%
Money market accounts (in hundredths)	32.30%	28.60%
Savings account (in hundredths)	6.50%	8.90%
Time deposits of $250,000 and over (in hundredths)	1.50%	0.80%
Other time deposits (in hundredths)	6.20%	6.40%
Total (in hundredths)	100%	100%
Geographic Distribution, Domestic [Member]
Deposit Liability [Line Items]
Time deposits of $250,000 and over	$ 9,145	$ 4,740

Deposits - Maturities of time d

Deposits - Maturities of time deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Time deposit [Line Items]
2022	$ 38,603
2023	3,442
2024	2,443
2025	1,417
2026	645
Time Deposits	46,550
Less Than 250,000 [Member]
Time deposit [Line Items]
2022	29,997
2023	3,442
2024	2,443
2025	878
2026	645
Time Deposits	37,405
Greater than or Equal to 250,000 [Member]
Time deposit [Line Items]
2022	8,606
2025	539
2026	0
Time Deposits	$ 9,145

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Time Deposits, Fiscal Year Maturity [Abstract]
Related Party Deposit Liabilities Percentage	5%
Related Party Deposit Liabilities	$ 10,868,000	$ 15,366,000

Borrowings - (Details)

Borrowings - (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank Stock	$ 2,644,000	$ 1,223,000
Long-term Federal Home Loan Bank Advances	45,000,000	20,000,000
Borrowings	0	$ 0
Lines of credit for future borrowings	26,200,000
FHLB advances
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	3,400,000
Revolving Credit Facility [Member]
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	20,000,000
Secured Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	$ 2,800,000

Borrowings - Information relate

Borrowings - Information related to borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal Funds Purchased
Debt Instrument [Line Items]
Maximum outstanding during the year FHLB advances	$ 6,498	$ 6,000
Balance outstanding at end of year FHLB advances	0
Average amount outstanding during the year FHLB advances	$ 207	$ 2
Average interest rate during the year FHLB advances	4.25%	4.61%
Average interest rate at end of year FHLB advances	0%	0%
FHLB advances
Debt Instrument [Line Items]
Maximum outstanding during the year FHLB advances	$ 45,000	$ 20,000
Balance outstanding at end of year FHLB advances	45,000	20,000
Average amount outstanding during the year FHLB advances	$ 33,356	$ 164
Average interest rate during the year FHLB advances	4.71%	4.65%
Average interest rate at end of year FHLB advances	4.89%	4.57%

Income Taxes - Tax effects of t

Income Taxes - Tax effects of temporary differences that comprise deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Capital loss carryforward	$ 25	$ 25
Allowance for loan losses	719	708
Unfunded commitment liability	64
Unrealized loss on available-for-sale securities	1,489	2,887
Interest on nonaccrual loans	18	18
Stock compensation	81	78
Employee benefits	764	836
Depreciation	21	24
Lease obligation	6	5
Other, net	35	63
Total deferred tax assets	3,222	4,644
Deferred tax liabilities
Unrealized gain on available for sale securities	169	123
Pension expense	10	6
Total deferred tax liabilities	179	129
Net deferred tax asset	$ 3,043	$ 4,515

Income Taxes - Income tax expen

Income Taxes - Income tax expense charged to operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Current tax expense	$ 146	$ 1,844
Deferred tax expense	101	146
Provision for income taxes	$ 247	$ 1,990

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of income taxes computed at the federal statutory income tax rate to total income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Income (loss) before income taxes	$ 2,165	$ 10,295
Computed "expected" tax expense	455	2,162
State taxes, net of fed	(121)	(67)
Cash surrender value of life insurance	(68)	(64)
Other	(19)	(41)
Provision for income taxes	$ 247	$ 1,990

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Taxes, Other	$ 671,000	$ 640,000

Earnings per common share (Deta

Earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Numerator
Net income (loss) - basic and diluted	$ 1,918	$ 8,305
Denominator
Weighted average shares outstanding - basic ( in shares)	1,486	1,477
Dilutive effect of common stock options (in shares)	0	0
Weighted average shares outstanding - diluted (in shares)	1,486	1,477
Earnings (Loss) per share - basic (in dollars per share)	$ 1.29	$ 5.62
Earnings (Loss) per share - diluted (in dollars per share)	$ 1.29	$ 5.62

Earnings per common share - Add

Earnings per common share - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	15,130	12,834
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0

Lease Commitments (Details)

Lease Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease Commitments
Lease liabilities	$ 847	$ 1,122
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities.	Other Liabilities.
Right-of-use assets	$ 818	$ 1,100
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets.	Other Assets.
Weighted average remaining lease term	3 years 7 months 28 days	4 years 4 months 24 days
Weighted average discount rate	2.80%	2.51%
Lease cost
Operating lease cost	$ 309	$ 301
Total lease cost	$ 309	$ 301

Lease Commitments - Additional

Lease Commitments - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lease Commitments
Operating Lease, Expense	$ 309,000	$ 301,000
Operating Lease, Payments	$ 307,000	$ 293,000

Lease Commitments - Summary of

Lease Commitments - Summary of maturity analysis of operating lease liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Lease payments due
Twelve months ending December 31, 2023	$ 313
Twelve months ending December 31, 2024	214
Twelve months ending December 31, 2025	163
Twelve months ending December 31, 2026	146
Twelve months ending December 31, 2027	52
Thereafter	8
Total undiscounted cash flows	896
Discount	49
Lease liabilities	$ 847	$ 1,122
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other Liabilities.	Other Liabilities.

Commitments and contingencies_2

Commitments and contingencies (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 136,583	$ 130,275
Standby letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	1,202	922
Undisbursed credit lines
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	127,918	119,454
Commitments to extend or originate credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 7,463	$ 9,899

Shareholders' Equity and Regu_3

Shareholders' Equity and Regulatory Matters - Accumulated other comprehensive income (loss) (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Shareholders' Equity and Regulatory Matters
Net unrealized losses on securities	$ (5,603,000)	$ (10,862,000)
Net unrecognized losses on defined benefit plan	(10,000)	(19,000)
Total accumulated other comprehensive loss	$ (5,613,000)	$ (10,881,000)	$ (744,000)

Shareholders' Equity and Regu_4

Shareholders' Equity and Regulatory Matters - Detailed AOCI Table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Accumulated other comprehensive loss, Beginning balance	$ (10,881)	$ (744)
Other comprehensive loss before reclassification - AFS	1,320	(10,146)
Other comprehensive loss before reclassification - benefits	(9)	(9)
Other comprehensive loss before reclassification - AFS and benefits	1,329	(10,137)
Amounts reclassified from AOCI into earnings	3,939
Net current period other comprehensive income	5,268	(10,137)
Accumulated other comprehensive loss, Ending balance	(5,613)	(10,881)
Unrealized Losses on AFS Securities
Accumulated other comprehensive loss, Beginning balance	(10,863)	(717)
Other comprehensive loss before reclassification - AFS	1,320	(10,146)
Amounts reclassified from AOCI into earnings	3,939
Net current period other comprehensive income	5,259	(10,146)
Accumulated other comprehensive loss, Ending balance	(5,604)	(10,863)
Defined Benefit Plan
Accumulated other comprehensive loss, Beginning balance	(18)	(27)
Other comprehensive loss before reclassification - benefits	9	9
Net current period other comprehensive income	9	9
Accumulated other comprehensive loss, Ending balance	$ (9)	$ (18)

Shareholders' Equity and Regu_5

Shareholders' Equity and Regulatory Matters - Capital amounts and ratios (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total capital (to risk- weighted assets) Village Bank, Ratio
For Capital Adequacy Purposes (in percentage)	0.080
To be Well Capitalized (in percentage)	0.010
Tier 1 capital (to risk-capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.060
To be Well Capitalized (in percentage)	0.080
Leverage ratio (Tier 1 capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.040
To be Well Capitalized (in percentage)	0.05
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
To Be Well Capitalized (in percentage)	0.065
Common equity tier one risk based capital ratio capital adequacy minimum	0.045
Capital conservation buffer common equity tier one risk based capital actual	0.025
Tier one risk based capital required for capital adequacy to risk weighted assets	0.060
Capital conservation buffer tier one risk based capital actual	0.025
Capital required for capital adequacy to risk weighted assets	0.080
Capital conservation buffer total risk based capital actual	0.025
Maximum
Total capital (to risk- weighted assets) Village Bank, Ratio
For Capital Adequacy Purposes (in percentage)	0.080
Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.0105
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum Including Conservation Buffer (in percentage)	0.07
Capital required for capital adequacy to risk weighted assets	0.080
Minimum
Tier 1 capital (to risk-capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.060
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.085
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Common equity tier one risk based capital ratio capital adequacy minimum	0.045
Tier one risk based capital required for capital adequacy to risk weighted assets	0.060
Subsidiaries [Member]
Total capital (to risk- weighted assets) Village Bank, Amount
Actual Amount	$ 86,493	$ 84,982
Capital Required For Capital Adequacy Including Conservation Buffer	62,679	60,267
To be Well Capitalized Amount	$ 59,695	$ 57,398
Total capital (to risk- weighted assets) Village Bank, Ratio
Actual Ratio (in percentage)	0.1481	0.1466
Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.1050	0.1050
To be Well Capitalized (in percentage)	0.1000	0.1000
Tier 1 capital (to risk- weighted assets) Village Bank, Amount
Actual Amount	$ 82,764	$ 81,612
Tier One Risk Based Capital Required For Capital Adequacy Including Conservation Buffer	50,740	48,788
To be Well Capitalized Amount	$ 47,756	$ 45,918
Tier 1 capital (to risk-capital to average assets), Ratio
Actual Ratio (in percentage)	0.1422	0.1401
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.0850	0.0850
To be Well Capitalized (in percentage)	0.0800	0.0800
Leverage ratio (Tier 1 capital to average assets), Amount
Actual Amount	$ 82,764	$ 81,612
Tier One Leverage Capital Required For Capital Adequacy Including Conservation Buffer	29,706	29,805
To be Well Capitalized Amount	$ 37,133	$ 37,256
Leverage ratio (Tier 1 capital to average assets), Ratio
Actual Ratio (in percentage)	0.1095	0.0986
For Capital Adequacy Purposes (in percentage)	0.0400	0.0400
To be Well Capitalized (in percentage)	0.0500	0.0500
Common equity (Tier 1 risk based capital to risk weighted assets), Amount
Actual Amount	$ 82,764	$ 81,612
Common Equity Tier One Capital Required For Capital Adequacy Including Conservation Buffer	41,786	40,178
To Be Well Capitalized Amount	$ 38,801	$ 37,308
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Actual Ratio (in percentage)	13.86%	14.22%
Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum Including Conservation Buffer (in percentage)	0.0700	0.0700
To Be Well Capitalized (in percentage)	0.0650	0.0650

Shareholders' Equity and Regu_6

Shareholders' Equity and Regulatory Matters - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shareholders' Equity and Regulatory Matters
Deferred tax benefits	$ 101	$ 146
Deferred Tax Liabilities, Gross	179	129
Deferred Tax Assets, Gross	$ 3,222	$ 4,644

Stock incentive plans - Options

Stock incentive plans - Options outstanding under company's stock incentive plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Options
Options outstanding, beginning of period	14	734
Granted	0	0
Forfeited	(14)
Exercised		(720)
Options outstanding, end of period		14
Options exercisable, end of period		14
Weighted Average Exercise Price
Options outstanding, beginning of period	$ 25.28	$ 25.63
Granted	0	0
Forfeited	25.28
Exercised		25.63
Options outstanding, end of period		25.28
Fair Value Per Share
Options outstanding, beginning of period	9.76	9.76
Granted	0	0
Forfeited	$ 9.76
Exercised		9.76
Options outstanding, end of period		$ 9.76
Intrinsic Value Options outstanding	$ 0	$ 0

Stock incentive plans - Non ves

Stock incentive plans - Non vested restricted stock award (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance	12,834
Ending Balance	15,130
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance	28,296
Shares, Granted	13,877
Shares, Vested	(12,581)
Shares, Forfeited	(924)
Shares, Other	(1,485)
Ending Balance	31,077
Weighted-Average Grant-Date Fair-Value, Beginning Balance | $ / shares	$ 46.60
Weighted-Average Grant-Date Fair-Value, Granted | $ / shares	39.18
Weighted-Average Grant-Date Fair-Value, Vested | $ / shares	38
Weighted-Average Grant Date Fair Value, Other | $ / shares	29
Weighted-Average Grant-Date Fair-Value, Ending Balance | $ / shares	$ 45.93
Aggregate Intrinsic Value, Beginning Balance | $	$ 1,127,879
Aggregate Intrinsic Value, Granted | $	553,137
Aggregate Intrinsic Value, Vested | $	(501,479)
Aggregate Intrinsic Value, Other | $	(59,192)
Aggregate Intrinsic Value, Ending Balance | $	$ 1,238,729

Stock incentive plans - Stock o

Stock incentive plans - Stock options outstanding (Details)	12 Months Ended
	Dec. 31, 2023 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices, lower range (in dollars per share)	$ 25.28
Range of Exercise Prices, upper range (in dollars per share)	$ 25.76
Outstanding Number of Options (in shares) | shares	14
Outstanding Weighted Average Remaining Years of Contractual Life	6 months 14 days
Outstanding Weighted Average Exercise Price (in dollars per share)	$ 25.28
Exercisable Number of Options (in shares) | shares	14
Exercisable Weighted Average Exercise Price (in dollars per share)	$ 25.28
$25.28-$25.76 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding Number of Options (in shares) | shares	14
Outstanding Weighted Average Remaining Years of Contractual Life	6 months 14 days
Outstanding Weighted Average Exercise Price (in dollars per share)	$ 25.28
Exercisable Number of Options (in shares) | shares	14
Exercisable Weighted Average Exercise Price (in dollars per share)	$ 25.28

Stock Incentive Plans - Additio

Stock Incentive Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	15,130	12,834
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 645,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 2 months 15 days
Allocated Share-based Compensation Expense	$ 359,000	$ 381,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	31,077	28,296
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 914,000	$ 1,022,000
Shares, Forfeited	924
Performance Based Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Performance Shares [Member] | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sharebased Compensation Arrangement by Sharebased Payment Award Payout Ratio	150%
Performance Shares [Member] | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sharebased Compensation Arrangement by Sharebased Payment Award Payout Ratio	0%

Trust preferred securities (Det

Trust preferred securities (Details) - USD ($) $ in Thousands		12 Months Ended
	Sep. 20, 2007	Dec. 31, 2023	Dec. 31, 2022	Feb. 24, 2005
Debt Instrument [Line Items]
Trust preferred capital notes		$ 8,764	$ 8,764
Percentage of Tier one risk based capital required for capital adequacy (in hundredths)		25%
Southern Community Financial Capital Trust I [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date			Feb. 24, 2005
Trust preferred capital notes				$ 5,200
Interest rate (in hundredths)		7.78%	6.89%
Principal assets of the trust		$ 5,200
Southern Community Financial Capital Trust I [Member] | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.15%
Village Financial Statutory Trust II [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date		Sep. 20, 2007
Trust preferred capital notes	$ 3,600
Interest rate (in hundredths)		7.03%	6.14%
Principal assets of the trust		$ 3,600
Village Financial Statutory Trust II [Member] | LIBOR
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.40%

Subordinated Debt (Details)

Subordinated Debt (Details) - USD ($)	Mar. 21, 2018	Dec. 31, 2023	Dec. 31, 2022
Subordinated Debt.		$ 5,700,000	$ 5,692,000
Fixed-to-floating rate subordinated notes
Debt Instrument, Face Amount	$ 5,700,000
Proceeds from Issuance of Subordinated Long-term Debt	$ 5,539,000
Debt Instrument, Interest Rate, Stated Percentage	6.50%	9.37%
LIBOR | Fixed-to-floating rate subordinated notes
Debt Instrument, Basis Spread on Variable Rate	3.73%

Retirement Plans - Additional I

Retirement Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Contributions Made by Employer and Employee	$ 391,000	$ 417,000
Bank Owned Life Insurance Income	$ 322,000	304,000
Defined Contribution Plan, Employers Matching Contribution, Annual Vesting Percentage	100%
Other Comprehensive (Income) Loss, Defined Benefit Plan, Reclassification Adjustment from AOCI, after Tax	$ 9,000	9,000
Defined Benefit Plan
Defined Benefit Plan Disclosure [Line Items]
Bank Owned Life Insurance Income	$ 322,000	304,000
Defined Contribution Retirement Plan Participant Approval Period	60 days
Deferred Compensation Arrangement with Individual, Requisite Service Period	10 years
Liability, Defined Benefit Plan	$ 2,468,000	2,532,000
Defined Contribution Plan, Cost	154,000	192,000
Directors Deferral Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Liability, Defined Benefit Plan	704,000	771,000
Defined Contribution Plan, Cost	122,000	146,000
Common Stock, Shares Held in Employee Trust	$ 467,000	$ 689,000
Common Stock, Shares Held in Employee Trust, Shares	21,674	32,785

Fair value - Recurring and non

Fair value - Recurring and non recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 5,000	$ 2,300
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	4,983	2,268
IRLC	271	142
Forward sales commitment	506	207
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Government Agencies	20,615	60,902
Mortgage-backed securities	72,537	60,560
Municipals	1,656	1,550
Subordinated debt	10,277	8,841
Loans held for sale	4,983	2,268
IRLC	271	142
Forward sales commitment	506	207
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated debt	500	2,000
Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Government Agencies	20,615	60,902
Mortgage-backed securities	72,537	60,560
Municipals	1,656	1,550
Subordinated debt	10,777	10,841
Loans held for sale	4,983	2,268
IRLC	271	142
Forward sales commitment	$ 506	$ 207

Fair value - Carrying amounts a

Fair value - Carrying amounts and estimated fair value of the company's (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets
Investment securities available for sale, at fair value	$ 105,585	$ 133,853
Loans held for sale	5,000	2,300
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Financial assets
Cash	10,383	12,062
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Cash	10,383	12,062
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Financial assets
Cash equivalents	7,331	4,616
Investment securities available for sale, at fair value	105,085	131,853
Federal Home Loan Bank stock	2,644	1,223
Loans held for sale	4,983	2,268
Accrued interest receivable	3,827	3,651
Interest rate lock commitments	271	142
Financial liabilities
Deposits	605,345	624,743
FHLB borrowings	45,000	20,000
Trust preferred securities	8,764	8,764
Other borrowings	5,700	5,692
Accrued interest payable	210	70
Forward sales commitment	506	207
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Cash equivalents	7,331	4,616
Investment securities available for sale, at fair value	105,085	131,853
Federal Home Loan Bank stock	2,644	1,223
Loans held for sale	4,983	2,268
Accrued interest receivable	3,827	3,651
Interest rate lock commitments	271	142
Financial liabilities
Deposits	605,226	625,037
FHLB borrowings	44,999	20,000
Trust preferred securities	8,848	7,066
Other borrowings	5,700	5,692
Accrued interest payable	210	70
Forward sales commitment	506	207
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value	500	2,000
Loans	575,008	538,427
Bank owned life insurance	13,120	12,798
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value	500	2,000
Loans	547,935	521,150
Bank owned life insurance	$ 13,120	$ 12,798

Segment Reporting - Segment inf

Segment Reporting - Segment information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	2
Revenues
Interest income	$ 33,274,000	$ 27,487,000
Mortgage banking income, net	1,690,000	3,427,000
Gain on sale of loans	1,690,000	3,448,000
Other revenues	3,260,000	3,155,000
Total revenues	38,224,000	34,090,000
Expenses
Recovery of credit losses		(300,000)
Recovery of credit losses	50,000	(300,000)
Interest expense	7,986,000	1,781,000
Salaries and benefits	13,389,000	13,768,000
Loss on sale of investment securities	4,986,000
Commissions	4,986,000
Other expenses	9,648,000	8,546,000
Total operating expenses	36,059,000	23,795,000
Income (loss) before income taxes	2,165,000	10,295,000
Income tax expense (benefit)	247,000	1,990,000
Net Income (Loss)	1,918,000	8,305,000
Total assets	736,616,000	723,270,000
Eliminations [Member]
Revenues
Interest income	0	0
Gain on sale of loans	(522,000)	(94,000)
Other revenues	(173,000)	(180,000)
Total revenues	(695,000)	(274,000)
Expenses
Recovery of credit losses		0
Recovery of credit losses	0
Interest expense	0	0
Salaries and benefits	0	0
Commissions	0
Other expenses	(695,000)	(274,000)
Total operating expenses	(695,000)	(274,000)
Income (loss) before income taxes	0	0
Income tax expense (benefit)	0	0
Net Income (Loss)	0	0
Total assets	(28,042,000)	(32,714,000)
Commercial Banking | Operating Segments [Member]
Revenues
Interest income	32,900,000	27,250,000
Gain on sale of loans	0	0
Other revenues	3,433,000	3,335,000
Total revenues	36,333,000	30,585,000
Expenses
Recovery of credit losses		(300,000)
Recovery of credit losses	50,000
Interest expense	7,986,000	1,781,000
Salaries and benefits	10,585,000	10,585,000
Commissions	4,986,000
Other expenses	9,251,000	7,625,000
Total operating expenses	32,858,000	19,691,000
Income (loss) before income taxes	3,475,000	10,894,000
Income tax expense (benefit)	522,000	2,116,000
Net Income (Loss)	2,953,000	8,778,000
Total assets	747,711,000	738,110,000
Mortgage Banking | Operating Segments [Member]
Revenues
Interest income	374,000	237,000
Gain on sale of loans	2,212,000	3,542,000
Other revenues	0	0
Total revenues	2,586,000	3,779,000
Expenses
Recovery of credit losses		0
Recovery of credit losses	0
Interest expense	0	0
Salaries and benefits	2,804,000	3,183,000
Commissions	0
Other expenses	1,092,000	1,195,000
Total operating expenses	3,896,000	4,378,000
Income (loss) before income taxes	(1,310,000)	(599,000)
Income tax expense (benefit)	(275,000)	(126,000)
Net Income (Loss)	(1,035,000)	(473,000)
Total assets	$ 16,947,000	$ 17,874,000

Parent Corporation Only Finan_3

Parent Corporation Only Financial Statements - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 10,383	$ 12,062
Total Assets	736,616	723,270
Liabilities
Other borrowings	45,000	20,000
Accrued interest payable	210	70
Other liabilities	4,041	2,890
Total liabilities	669,060	662,159
Shareholders' equity
Common stock	5,908	5,868
Additional paid-in capital	55,486	55,167
Retained earnings	11,775	10,957
Accumulated other comprehensive loss	(5,613)	(10,881)	$ (744)
Total shareholders' equity	67,556	61,111	$ 63,401
Total liabilities and shareholders' equity	736,616	723,270
Parent Company [Member]
Assets
Cash and due from banks	1,666	1,868
Investment in subsidiaries	77,151	70,731
Investment in special purpose subsidiary	264	264
Prepaid expenses and other assets	3,008	2,756
Total Assets	82,089	75,619
Liabilities
Balance due to nonbank subsidiaries	8,764	8,764
Other borrowings	5,700	5,692
Accrued interest payable	69	46
Other liabilities	0	6
Total liabilities	14,533	14,508
Shareholders' equity
Common stock	5,908	5,868
Additional paid-in capital	55,486	55,167
Retained earnings	11,775	10,957
Stock in directors rabbi trust	(467)	(689)
Directors deferred fees obligation	467	689
Accumulated other comprehensive loss	(5,613)	(10,881)
Total shareholders' equity	67,556	61,111
Total liabilities and shareholders' equity	$ 82,089	$ 75,619

Parent Corporation Only Finan_4

Parent Corporation Only Financial Statements - Condensed Statements of Operations and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income
Total interest income	$ 33,274	$ 27,487
Interest expense
Interest on borrowed funds	2,691	702
Total interest expense	7,986	1,781
Net interest income	25,288	25,706
Noninterest expense
Supplies	162	158
Professional and outside services	1,598	1,387
Other	2,889	2,670
Total noninterest expense	23,037	22,313
Income (loss) before income taxes	2,165	10,295
Income tax expense (benefit)	247	1,990
Net Income (Loss)	1,918	8,305
Total comprehensive income (loss)	5,268	(10,137)
Parent Company [Member]
Income
Interest Income	4	3
Dividends received from subsidiaries	1,975	1,835
Total interest income	1,979	1,838
Interest expense
Interest on borrowed funds	1,111	694
Total interest expense	1,111	694
Net interest income	868	1,144
Noninterest expense
Supplies	30	30
Professional and outside services	42	42
Other	47	45
Total noninterest expense	119	117
Net income before undistributed income of subsidiary	749	1,027
Undistributed income (loss) of subsidiary	911	7,108
Income (loss) before income taxes	1,660	8,135
Income tax expense (benefit)	(258)	(170)
Net Income (Loss)	1,918	8,305
Total comprehensive income (loss)	$ 7,186	$ (1,832)

Parent Corporation Only Finan_5

Parent Corporation Only Financial Statements - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net Income (Loss)	$ 1,918	$ 8,305
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt issuance costs	8	32
Net change in:
Other assets	649	(2,582)
Interest payable	140	2
Other liabilities	874	(3,570)
Net cash used in operating activities	4,957	10,269
Cash Flows from Investing Activities
Net cash provided by investing activities	(8,542)	(66,063)
Cash Flows from Financing Activities
Proceeds from exercise of stock options	0	18
Net cash provided by financing activities	4,621	(20,144)
Parent Company [Member]
Cash Flows from Operating Activities
Net Income (Loss)	1,918	8,305
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of debt issuance costs	8	32
Undistributed income of subsidiary	(911)	(7,108)
Net change in:
Other assets	(253)	(170)
Interest payable	23	0
Other liabilities	(6)	1
Net cash used in operating activities	779	1,060
Cash Flows from Investing Activities
Net cash provided by investing activities	0	0
Cash Flows from Financing Activities
Proceeds from exercise of stock options	0	18
Cash dividends paid	(981)	(857)
Net cash provided by financing activities	(981)	(839)
Net increase in cash	(202)	221
Cash, beginning of year	1,868	1,647
Cash, end of year	$ 1,666	$ 1,868

Document Information

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	10-K
Amendment	false
CIK	0001290476
Registrant Name	Village Bank & Trust Financial Corp.
Period End Date	Dec. 31, 2023

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,918	$ 8,305

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false