Village Bank and Trust Financial (VBFC) 10-Q10 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2022	Oct. 31, 2022
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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, par value $4.00 per share
Trading Symbol	VBFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,475,997
Entity Central Index Key	0001290476
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 20,393,000	$ 12,071,000
Federal funds sold	11,788,000	80,545,000
Total cash and cash equivalents	32,181,000	92,616,000
Investment securities available for sale, at fair value	134,503,000	94,699,000
Restricted stock, at cost	714,000	694,000
Loans held for sale	5,076,000	5,141,000
Loans
Outstandings	540,683,000	526,457,000
Allowance for loan losses	(3,370,000)	(3,423,000)
Deferred fees and costs, net	592,000	(433,000)
Total loans, net	537,905,000	522,601,000
Premises and equipment, net	11,765,000	11,824,000
Bank owned life insurance	12,718,000	12,494,000
Accrued interest receivable	3,341,000	3,245,000
Other assets	4,500,000	5,087,000
Total Assets	742,703,000	748,401,000
Deposits
Noninterest bearing demand	279,269,000	268,804,000
Interest bearing	388,550,000	395,244,000
Total deposits	667,819,000	664,048,000
Long-term debt - trust preferred securities	8,764,000	8,764,000
Subordinated debt, net	5,684,000	5,660,000
Accrued interest payable	58,000	68,000
Other liabilities	2,006,000	6,460,000
Total liabilities	684,331,000	685,000,000
Shareholders' equity
Common stock, $4 par value, 10,000,000 shares authorized; 1,476,017 shares issued and outstanding at June 30, 2022 and 1,473,469 shares issued and outstanding at December 31, 2021	5,861,000	5,822,000
Additional paid-in capital	55,047,000	54,814,000
Retained earnings	9,032,000	3,509,000
Stock in directors rabbi trust	(689,000)	(730,000)
Directors deferred fees obligation	689,000	730,000
Accumulated other comprehensive loss	(11,568,000)	(744,000)
Total shareholders' equity	58,372,000	63,401,000
Total liabilities and shareholders' equity	$ 742,703,000	$ 748,401,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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)	1,476,017	1,473,469
Common stock, shares outstanding (in shares)	1,476,017	1,473,469

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income
Loans	$ 6,210,000	$ 6,655,000	$ 18,101,000	$ 20,148,000
Investment securities	559,000	244,000	1,535,000	743,000
Federal funds sold	186,000	22,000	318,000	32,000
Total interest income	6,955,000	6,921,000	19,954,000	20,923,000
Interest expense
Deposits	240,000	349,000	755,000	1,275,000
Borrowed funds	180,000	143,000	483,000	453,000
Total interest expense	420,000	492,000	1,238,000	1,728,000
Net interest income	6,535,000	6,429,000	18,716,000	19,195,000
Recovery of loan losses	100,000		(300,000)	(500,000)
Net interest income after provision for (recovery of) loan losses	6,435,000	6,429,000	19,016,000	19,695,000
Noninterest income
Service charges and fees	670,000	580,000	1,960,000	1,711,000
Mortgage banking income, net	973,000	2,171,000	2,942,000	7,827,000
Gain on sale of Small Business Administration loans			79,000
Other	107,000	108,000	336,000	344,000
Total noninterest income	1,750,000	2,859,000	5,317,000	9,882,000
Noninterest expense
Salaries and benefits	3,446,000	3,607,000	10,394,000	10,541,000
Occupancy	305,000	315,000	919,000	948,000
Equipment	260,000	267,000	818,000	788,000
Supplies	46,000	49,000	120,000	138,000
Professional and outside services	655,000	730,000	2,118,000	2,085,000
Advertising and marketing	67,000	99,000	271,000	347,000
Foreclosed assets, net				(8,000)
FDIC insurance premium	64,000	38,000	187,000	142,000
Other operating expense	681,000	532,000	1,893,000	1,716,000
Total noninterest expense	5,524,000	5,637,000	16,720,000	16,697,000
Income before income tax expense	2,661,000	3,651,000	7,613,000	12,880,000
Income tax expense	508,000	752,000	1,470,000	2,790,000
Net income	$ 2,153,000	$ 2,899,000	$ 6,143,000	$ 10,090,000
Earnings per share, basic	$ 1.46	$ 1.97	$ 4.16	$ 6.88
Earnings per share, diluted	$ 1.46	$ 1.97	$ 4.16	$ 6.88

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income (Loss)
Net income	$ 2,153	$ 2,899	$ 6,143	$ 10,090
Other comprehensive (loss) income
Unrealized holding losses arising during the period	(4,672)	(237)	(13,709)	(736)
Tax effect	981	50	2,879	156
Net change in unrealized holding losses on securities available for sale, net of tax	(3,691)	(187)	(10,830)	(580)
Minimum pension adjustment	3	3	9	9
Tax effect	(1)	(1)	(3)	(3)
Minimum pension adjustment, net of tax	2	2	6	6
Total other comprehensive loss	(3,689)	(185)	(10,824)	(574)
Total comprehensive income (loss)	$ (1,536)	$ 2,714	$ (4,681)	$ 9,516

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, 2020	$ 5,794	$ 54,510	$ (8,738)	$ (771)	$ 771	$ 430	$ 51,996
Vesting of restricted stock	28	(28)	0	41	(41)	0	0
Stock based compensation	0	218	0	0	0	0	218
Net income	0	0	10,090	0	0	0	10,090
Other comprehensive loss	0	0	0	0	0	(574)	(574)
Balance at Sep. 30, 2021	5,822	54,700	1,352	(730)	730	(144)	61,730
Balance at Jun. 30, 2021	5,796	54,691	(1,547)	(730)	730	41	58,981
Vesting of restricted stock	26	(26)	0	0	0	0
Stock based compensation	0	35	0	0	0	0	35
Net income	0	0	2,899	0	0	0	2,899
Other comprehensive loss	0	0	0	0	0	(185)	(185)
Balance at Sep. 30, 2021	5,822	54,700	1,352	(730)	730	(144)	61,730
Balance at Dec. 31, 2021	5,822	54,814	3,509	(730)	730	(744)	63,401
Vesting of restricted stock	33	(33)	0	41	(41)	0	0
Exercise of stock options	6	(6)					0
Stock based compensation	0	272	0	0	0	0	272
Cash dividend declared ($0.14 per share)	0	0	(620)				(620)
Net income	0	0	6,143	0	0	0	6,143
Other comprehensive loss	0	0	0	0	0	(10,824)	(10,824)
Balance at Sep. 30, 2022	5,861	55,047	9,032	(689)	689	(11,568)	58,372
Balance at Jun. 30, 2022	5,837	55,009	7,086	(689)	689	(7,879)	60,053
Vesting of restricted stock	19	(19)	0
Exercise of stock options	5	5	0				10
Stock based compensation	0	52	0				52
Cash dividend declared ($0.14 per share)	0	0	(207)				(207)
Net income	0	0	2,153				2,153
Other comprehensive loss	0	0	0			(3,689)	(3,689)
Balance at Sep. 30, 2022	$ 5,861	$ 55,047	$ 9,032	$ (689)	$ 689	$ (11,568)	$ 58,372

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Consolidated Statements of Shareholders' Equity
Cash dividends declared, per share	$ 0.14	$ 0.42

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
Consolidated Statements of Cash Flows - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Cash Flows from Operating Activities
Net income	$ 2,153,000	$ 2,899,000	$ 6,143,000	$ 10,090,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			409,000	447,000
Amortization of debt issuance costs			24,000	24,000
Deferred income taxes			159,000	499,000
Recovery of loan losses	100,000		(300,000)	(500,000)
Write-down of other real estate owned				10,000
Gain on sale of Small Business Administration loans			(79,000)
Gain on sales of loans held for sale			(4,018,000)	(9,608,000)
Gain on sale of other real estate owned				(18,000)
Loss on disposal of premises and equipment			3,000	10,000
Stock compensation expense			272,000	218,000
Proceeds from sale of mortgage loans			143,011,000	271,454,000
Origination of mortgage loans held for sale			(138,928,000)	(240,700,000)
Amortization of premiums and accretion of discounts on securities, net			103,000	189,000
Increase in bank owned life insurance			(224,000)	(202,000)
Net change in:
Interest receivable			(96,000)	1,374,000
Other assets			3,314,000	633,000
Interest payable			(10,000)	(123,000)
Other liabilities			(4,454,000)	(1,951,000)
Net cash provided by operating activities			5,329,000	31,846,000
Cash Flows from Investing Activities
Purchases of available for sale securities			(64,488,000)	(62,613,000)
Proceeds from maturities, calls and paydowns of available for sale securities			10,871,000	13,983,000
Net (increase) decrease in loans			(14,925,000)	26,023,000
Proceeds from sale of other real estate owned				344,000
Purchases of premises and equipment, net			(353,000)	(618,000)
Purchase of bank owned life insurance				(4,408,000)
(Purchase) redemptions of restricted stock, net			(20,000)	131,000
Net cash used in investing activities			(68,915,000)	(27,158,000)
Cash Flows from Financing Activities
Cash dividends paid			(620,000)
Net increase in deposits			3,771,000	57,670,000
Net decrease in other borrowings				(41,529,000)
Net cash provided by financing activities			3,151,000	16,141,000
Net (decrease) increase in cash and cash equivalents			(60,435,000)	20,829,000
Cash and cash equivalents, beginning of period			92,616,000	43,451,000	$ 43,451,000
Cash and cash equivalents, end of period	$ 32,181,000	$ 64,280,000	32,181,000	64,280,000	$ 92,616,000
Supplemental Disclosure of Cash Flow Information
Cash payments for interest			1,248,000	1,851,000
Cash payments for taxes			480,000	258,000
Supplemental Schedule of Non-Cash Activities
Unrealized losses on securities available for sale			(13,710,000)	(736,000)
Right of use assets obtained in exchange for new operating lease liabilities			263,000	243,000
Minimum pension adjustment			$ 9,000	$ 9,000

Principles of presentation

Principles of presentation	9 Months Ended
Principles of presentation	Sep. 30, 2022
Principles of presentation
Principles of presentation	Note 1 – Principles of presentation Village Bank and Trust Financial Corp. (the “Company”) is the holding company of Village Bank (the “Bank”). The consolidated financial statements include the accounts of the Company, the Bank and the Bank’s subsidiary, Village Bank Mortgage Corporation. All material intercompany balances and transactions have been eliminated in consolidation. In the opinion of management, the accompanying condensed consolidated financial statements of the Company have been prepared on the accrual basis in accordance with generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. However, all adjustments that are, in the opinion of management, necessary for a fair presentation have been included. The results of operations for the three and nine month periods ended September 30, 2022 are not necessarily indicative of the results to be expected for the full year ending December 31, 2022. The unaudited interim financial statements should be read in conjunction with the audited financial statements and notes to financial statements that are presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission (“SEC”).

Use of estimates

Use of estimates	9 Months Ended
Use of estimates	Sep. 30, 2022
Use of estimates
Use of estimates	Note 2 – Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“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 date of the balance sheets and statements of income for the 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 loan losses and its related provision including impaired loans.

Earnings per common share

Earnings per common share	9 Months Ended
Earnings per common share	Sep. 30, 2022
Earnings per common share
Earnings per common share	Note 3 – Earnings per common share The following table presents the basic and diluted earnings per common share computation (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Numerator Net income - basic and diluted $ 2,153 $ 2,899 $ 6,143 $ 10,090 Denominator Weighted average shares outstanding - basic 1,476 1,468 1,475 1,467 Dilutive effect of common stock options — — — — Weighted average shares outstanding - diluted 1,476 1,468 1,475 1,467 Earnings per share - basic $ 1.46 $ 1.97 $ 4.16 $ 6.88 Earnings per share - diluted $ 1.46 $ 1.97 $ 4.16 $ 6.88 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 5,514 and 5,793 at September 30, 2022 and 2021, respectively, of the unvested restricted units included in Note 10 “Stock incentive plan” was dependent upon meeting certain performance criteria. As of September 30, 2022 and 2021, it was indeterminable whether these unvested restricted units would vest and as such the underlying shares were excluded from common shares issued and outstanding at such date and were not included in the computation of earnings per share for such period.

Investment securities available

Investment securities available for sale	9 Months Ended
Investment securities available for sale	Sep. 30, 2022
Investment securities available for sale
Investment securities available for sale	Note 4 – Investment securities available for sale The amortized cost and fair value of investment securities available for sale as of September 30, 2022 and December 31, 2021 are as follows (in thousands): Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value September 30, 2022 U.S. Government agency obligations $ 64,643 $ — $ (4,066) $ 60,577 Mortgage-backed securities 71,156 — (9,150) 62,006 Municipals 2,268 — (723) 1,545 Subordinated debt 11,053 49 (727) 10,375 $ 149,120 $ 49 $ (14,666) $ 134,503 December 31, 2021 U.S. Government agency obligations $ 41,513 $ 22 $ (536) $ 40,999 Mortgage-backed securities 40,806 302 (613) 40,495 Municipals 2,271 — (62) 2,209 Subordinated debt 11,016 90 (110) 10,996 $ 95,606 $ 414 $ (1,321) $ 94,699 At September 30, 2022 and December 31, 2021, the Company had no investment securities pledged to secure borrowings from the Federal Home Loan Bank of Atlanta ("FHLB"). There were no sales of available for sale securities for the three and nine months ended September 30, 2022 and 2021. Investment securities available for sale that have an unrealized loss position at September 30, 2022 and December 31, 2021 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 September 30, 2022 U.S. Government agency obligations $ 23,602 $ (768) $ 36,975 $ (3,298) $ 60,577 $ (4,066) Mortgage-backed securities 42,320 (5,060) 17,620 (4,090) 59,940 (9,150) Municipals — — 1,545 (723) 1,545 (723) Subordinated debt 5,937 (615) 1,388 (112) 7,325 (727) $ 71,859 $ (6,443) $ 57,528 $ (8,223) $ 129,387 $ (14,666) December 31, 2021 U.S. Government agency obligations $ 39,617 $ (536) $ — $ — $ 39,617 $ (536) Mortgage-backed securities 21,911 (448) 4,518 (165) 26,429 (613) Municipals 2,208 (62) — — 2,208 (62) Subordinated debt 919 (80) 470 (30) 1,389 (110) $ 64,655 $ (1,126) $ 4,988 $ (195) $ 69,643 $ (1,321) As of September 30, 2022, there were 47 investments available for sale totaling $71,859,000 that were in a continuous loss position for less than 12 months and had an unrealized loss of $6,443,000. There were 24 investments available for sale totaling $57,528,000 that had been in a continuous loss position for more than 12 months and had an unrealized loss of $8,223,000. All of the unrealized losses are attributable to movements 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 decline in fair value is 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 does not consider these investments to be other than temporarily impaired at September 30, 2022. The amortized cost and estimated fair value of investment securities available for sale as of September 30, 2022, by contractual maturity, are as follows (in thousands): Amortized Cost Fair Value Less than one year $ 10,510 $ 10,088 One to five years 53,627 49,995 Five to ten years 15,062 14,082 More than ten years 69,921 60,338 Total $ 149,120 $ 134,503

Loans and allowance for loan lo

Loans and allowance for loan losses	9 Months Ended
Loans and allowance for loan losses	Sep. 30, 2022
Loans and allowance for loan losses
Loans and allowance for loan losses	30 ‑ 59 Days 60 ‑ 89 Days Than Total Past Total 90 Days and Past Due Past Due 90 Days Due Current Loans Accruing September 30, 2022 Construction and land development Residential $ — $ — $ — $ — $ 8,437 $ 8,437 $ — Commercial — — — — 32,109 32,109 — — — — — 40,546 40,546 — Commercial real estate Owner occupied — — — — 122,067 122,067 — Non-owner occupied — — — — 155,981 155,981 — Multifamily — — — — 11,309 11,309 — Farmland — — — — 564 564 — — — — — 289,921 289,921 — Consumer real estate Home equity lines — — — — 19,891 19,891 — Secured by 1‑4 family residential First deed of trust — — — — 65,704 65,704 — Second deed of trust — — — — 6,930 6,930 — — — — — 92,525 92,525 — Commercial and industrial loans (except those secured by real estate) 377 — — 377 91,226 91,603 — Guaranteed student loans 783 396 1,714 2,893 19,117 22,010 1,714 Consumer and other — — — — 4,078 4,078 — Total loans $ 1,160 $ 396 $ 1,714 $ 3,270 $ 537,413 $ 540,683 $ 1,714 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, 2021 Construction and land development Residential $ — $ — $ — $ — $ 6,805 $ 6,805 $ — Commercial — — — — 42,344 42,344 — — — — — 49,149 49,149 — Commercial real estate Owner occupied — — — — 113,108 113,108 — Non-owner occupied — — — — 129,786 129,786 — Multifamily — — — — 11,666 11,666 — Farmland — — — — 977 977 — — — — — 255,537 255,537 — Consumer real estate Home equity lines — — — — 17,977 17,977 — Secured by 1-4 family residential First deed of trust — — — — 62,277 62,277 — Second deed of trust — — — — 12,118 12,118 — — — — — 92,372 92,372 — Commercial and industrial loans (except those secured by real estate) 1,031 — — 1,031 99,390 100,421 — Guaranteed student loans 956 791 1,961 3,708 22,267 25,975 1,961 Consumer and other — — — — 3,003 3,003 — Total loans $ 1,987 $ 791 $ 1,961 $ 4,739 $ 521,718 $ 526,457 $ 1,961 Loans greater than 90 days past due are 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 are considered impaired when, 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. Loans evaluated individually for impairment include non-performing loans, such as loans on non-accrual, non-guaranteed loans past due by 90 days or more, restructured loans and other loans selected by management. The evaluations are based upon discounted expected cash flows or collateral valuations. If the evaluation shows that a loan is individually impaired, then a specific reserve is established for the amount of impairment. Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual loan basis for other loans. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Impaired loans are set forth in the following table as of the dates indicated (in thousands): September 30, 2022 December 31, 2021 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no related allowance recorded Commercial real estate Owner occupied $ 4,134 $ 4,149 $ — $ 4,776 $ 4,791 $ — Non-owner occupied 589 589 — 1,458 1,458 — 4,723 4,738 — 6,234 6,249 — Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1‑4 family residential First deed of trust 1,847 1,847 — 1,873 1,873 — Second deed of trust 264 348 — 238 406 — 2,411 2,495 — 2,411 2,579 — Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — 7,223 7,322 — 8,830 9,013 — With an allowance recorded Commercial real estate Owner occupied 255 255 3 267 267 4 255 255 3 267 267 4 Consumer real estate Secured by 1-4 family residential First deed of trust 65 65 6 146 146 7 65 65 6 146 146 7 Consumer and other 24 24 1 — — — 344 344 10 413 413 11 Total Owner occupied 4,389 4,404 3 5,043 5,058 4 Non-owner occupied 589 589 — 1,458 1,458 — 4,978 4,993 3 6,501 6,516 4 Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1-4 family residential, First deed of trust 1,912 1,912 6 2,019 2,019 7 Second deed of trust 264 348 — 238 406 — 2,476 2,560 6 2,557 2,725 7 Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — Consumer and other 24 24 1 — — — $ 7,567 $ 7,666 $ 10 $ 9,243 $ 9,426 $ 11 The following is a summary of average recorded investment in impaired loans with and without a valuation allowance and interest income recognized on those loans for the periods indicated (in thousands): For the Three Months Ended For the Nine Months Ended September 30, 2022 September 30, 2022 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate Owner occupied $ 4,352 $ 34 4,450 $ 100 Non-owner occupied 1,039 4 1,144 29 5,391 38 5,594 129 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential First deed of trust 1,816 23 1,830 60 Second deed of trust 337 3 228 8 2,253 32 2,358 89 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 7,763 72 8,088 221 With an allowance recorded Commercial real estate Owner occupied 259 4 261 11 259 4 261 11 Consumer real estate Secured by 1-4 family residential First deed of trust 116 — 124 4 Second deed of trust 65 3 49 3 181 3 173 7 Consumer and other 12 — 6 — 452 7 440 18 Total Commercial real estate Owner occupied 4,611 38 4,711 111 Non-owner occupied 1,039 4 1,144 29 5,650 42 5,855 140 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential, First deed of trust 1,932 23 1,954 64 Second deed of trust 402 6 277 11 2,434 35 2,531 96 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 Consumer and other 12 — 6 — $ 8,215 $ 79 $ 8,528 $ 239 Included in impaired loans are loans classified as troubled debt restructurings (“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 for the periods indicated (dollars in thousands). Specific Valuation Total Performing Nonaccrual Allowance September 30, 2022 Commercial real estate Owner occupied $ 3,119 $ 3,119 $ — $ 3 Non-owner occupied 589 314 275 — 3,708 3,433 275 3 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,422 1,422 — 6 Second deeds of trust 91 35 56 — 1,513 1,457 56 6 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 5,240 $ 4,890 $ 350 $ 9 Number of loans 25 22 3 2 Specific Valuation Total Performing Nonaccrual Allowance December 31, 2021 Commercial real estate Owner occupied $ 3,243 $ 3,243 $ — $ 4 Non-owner occupied 1,458 1,172 286 — 4,701 4,415 286 4 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,666 1,279 387 7 Second deeds of trust 99 40 59 — 1,765 1,319 446 7 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 6,485 $ 5,734 $ 751 $ 11 Number of loans 28 23 5 3 There were no TDRs identified for the three month periods ended September 30, 2022 and 2021. The following table provides information about TDRs identified during the indicated periods (dollars in thousands). Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded Loans Balance Balance Loans Balance Balance Secured by 1-4 family residential First deed of trust — $ — $ — 1 $ 267 $ 267 — $ — $ — 1 $ 267 $ 267 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 TDR’s that were modified as TDRs during the prior 12 month period ended September 30, 2022 and 2021. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), as amended by the Consolidated Appropriations Act 2021 (“CAA”), permits financial institutions to suspend requirements under GAAP for loan modifications to borrowers affected by COVID-19 that would otherwise be characterized as TDRs and suspend any determination related thereto if (i) the loan modification is made between March 1, 2020 and the earlier of January 1, 2022 or 60 days after the end of the COVID-19 emergency declaration and (ii) the applicable loan was not more than 30 days past due as of December 31, 2019. In addition, federal bank regulatory authorities have issued guidance to encourage financial institutions to make prudent loan modifications for borrowers affected by COVID-19 and have assured financial institutions that they will neither receive supervisory criticism for such prudent loan modifications, nor be required by examiners to automatically categorize COVID-19-related loan modifications as TDRs. As of September 30, 2022 and December 31, 2021, all previously modified loans had returned to contractual payment terms. The Company’s modification program primarily included payment deferrals and interest only modifications. Activity in the allowance for loan losses is as follows for the periods indicated (in thousands): Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 171 4 — — 175 228 16 — — 244 Commercial real estate Owner occupied 868 7 — — 875 Non-owner occupied 1,267 40 — — 1,307 Multifamily 50 (17) — — 33 Farmland 2 (1) — — 1 2,187 29 — — 2,216 Consumer real estate Home equity lines 12 — — — 12 Secured by 1-4 family residential First deed of trust 114 13 — 2 129 Second deed of trust 49 (11) (27) 27 38 175 2 (27) 29 179 Commercial and industrial loans (except those secured by real estate) 533 201 (157) 5 582 Student loans 60 9 (2) — 67 Consumer and other 45 (7) (1) — 37 Unallocated 195 (150) — — 45 $ 3,423 $ 100 $ (187) $ 34 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2021 Construction and land development Residential $ 66 $ 10 $ — $ — $ 76 Commercial 203 28 — — 231 269 38 — — 307 Commercial real estate Owner occupied 802 58 — — 860 Non-owner occupied 1,059 30 — — 1,089 Multifamily 35 1 — — 36 Farmland 2 — — — 2 1,898 89 — — 1,987 Consumer real estate Home equity lines 11 — — — 11 Secured by 1-4 family residential First deed of trust 113 (3) — 1 111 Second deed of trust 72 (3) — 21 90 196 (6) — 22 212 Commercial and industrial loans (except those secured by real estate) 422 55 — 3 480 Student loans 80 1 (11) — 70 Consumer and other 36 (4) — — 32 Unallocated 528 (173) — — 355 $ 3,429 $ — $ (11) $ 25 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 229 (54) — — 175 286 (42) — — 244 Commercial real estate Owner occupied 833 42 — — 875 Non-owner occupied 1,083 224 — — 1,307 Multifamily 35 (2) — — 33 Farmland 2 (1) — — 1 1,953 263 — — 2,216 Consumer real estate Home equity lines 12 (58) — 58 12 Secured by 1-4 family residential First deed of trust 123 2 — 4 129 Second deed of trust 47 (312) (27) 330 38 182 (368) (27) 392 179 Commercial and industrial loans (except those secured by real estate) 486 189 (157) 64 582 Student loans 65 26 (24) — 67 Consumer and other 29 9 (1) — 37 Unallocated 422 (377) — — 45 $ 3,423 $ (300) $ (209) $ 456 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2021 Construction and land development Residential $ 214 $ (138) $ — $ — $ 76 Commercial 285 (54) — — 231 499 (192) — — 307 Commercial real estate Owner occupied 1,047 (187) — — 860 Non-owner occupied 1,421 (346) — 14 1,089 Multifamily 47 (11) — — 36 Farmland 2 — — — 2 2,517 (544) — 14 1,987 Consumer real estate Home equity lines 24 (23) — 10 11 Secured by 1-4 family residential First deed of trust 166 (65) — 10 111 Second deed of trust 79 57 (84) 38 90 269 (31) (84) 58 212 Commercial and industrial loans (except those secured by real estate) 408 45 — 27 480 Student loans 87 7 (24) — 70 Consumer and other 36 14 (18) — 32 Unallocated 154 201 — — 355 $ 3,970 $ (500) $ (126) $ 99 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2021 Construction and land development Residential $ 214 $ (157) $ — $ — $ 57 Commercial 285 (56) — — 229 499 (213) — — 286 Commercial real estate Owner occupied 1,047 (214) — — 833 Non-owner occupied 1,421 (352) — 14 1,083 Multifamily 47 (12) — — 35 Farmland 2 — — — 2 2,517 (578) — 14 1,953 Consumer real estate Home equity lines 24 (23) — 11 12 Secured by 1-4 family residential First deed of trust 166 (54) — 11 123 Second deed of trust 79 1 (84) 51 47 269 (76) (84) 73 182 Commercial and industrial loans (except those secured by real estate) 408 47 — 31 486 Student loans 87 13 (35) — 65 Consumer and other 36 39 (46) — 29 Unallocated 154 268 — — 422 $ 3,970 $ (500) $ (165) $ 118 $ 3,423 The amount of the loan loss provision (recovery) is determined by an evaluation of the level of loans outstanding, the level of nonperforming 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. Loans originated under PPP are not considered in the evaluation of the allowance for loan losses because these loans carry a 100% guarantee from the SBA; however, if the collectability on the guarantee on a loan is at risk that loan will be included in the evaluation of the allowance for loan losses. The level of the allowance reflects 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 risk, loan loss experience, current loan portfolio quality, and present economic, political and regulatory conditions. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgement, should be charged off. While management utilizes its best judgement and information available, the ultimate adequacy of the allowance is 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 and $500,000 for the nine month period ended September 30, 2022 and September 30, 2021, respectively. The recovery of provision for loan loss expense, during the nine months ended September 30, 2022 and September 30, 2021, resulted from reductions in the qualitative factors driven by improving economic factors, improved credit metrics, and reductions in loan deferrals. While current economic challenges due to higher inflation and the speed at which interest rates are rising remain risks to credit quality, we believe our current level of allowance for loan losses is sufficient. The allowance for loan losses at each of the periods presented includes 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 $45,000, $422,000, and $355,000 at September 30, 2022, December 31, 2021, and September 30, 2021, respectively. Loans were evaluated for impairment as follows for the periods indicated (in thousands): Recorded Investment in Loans Allowance Loans Ending Ending Balance Individually Collectively Balance Individually Collectively Nine Months Ended September 30, 2022 Construction and land development Residential $ 69 $ — $ 69 $ 8,437 $ — $ 8,437 Commercial 175 — 175 32,109 — 32,109 244 — 244 40,546 — 40,546 Commercial real estate Owner occupied 875 3 872 122,067 4,389 117,678 Non-owner occupied 1,307 — 1,307 155,981 589 155,392 Multifamily 33 — 33 11,309 — 11,309 Farmland 1 — 1 564 — 564 2,216 3 2,213 289,921 4,978 284,943 Consumer real estate Home equity lines 12 — 12 19,891 300 19,591 Secured by 1-4 family residential First deed of trust 129 6 123 65,704 1,912 63,792 Second deed of trust 38 — 38 6,930 264 6,666 179 6 173 92,525 2,476 90,049 Commercial and industrial loans (except those secured by real estate) 582 — 582 91,603 89 91,514 Student loans 67 — 67 22,010 — 22,010 Consumer and other 82 1 81 4,078 24 4,054 $ 3,370 $ 10 $ 3,360 $ 540,683 $ 7,567 $ 533,116 Year Ended December 31, 2021 Construction and land development Residential $ 57 $ — $ 57 $ 6,805 $ — $ 6,805 Commercial 229 — 229 42,344 — 42,344 286 — 286 49,149 — 49,149 Commercial real estate Owner occupied 833 4 829 113,108 5,043 108,065 Non-owner occupied 1,083 — 1,083 129,786 1,458 128,328 Multifamily 35 — 35 11,666 — 11,666 Farmland 2 — 2 977 — 977 1,953 4 1,949 255,537 6,501 249,036 Consumer real estate Home equity lines 12 — 12 17,977 300 17,677 Secured by 1-4 family residential First deed of trust 123 7 116 62,277 2,019 60,258 Second deed of trust 47 — 47 12,118 238 11,880 182 7 175 92,372 2,557 89,815 Commercial and industrial loans (except those secured by real estate) 486 — 486 100,421 185 100,236 Student loans 65 — 65 25,975 — 25,975 Consumer and other 451 — 451 3,003 — 3,003 " id="sjs-B4" xml:space="preserve">Note 5 – Loans and allowance for loan losses Loans classified by type as of September 30, 2022 and December 31, 2021 are as follows (dollars in thousands): September 30, 2022 December 31, 2021 Amount % Amount % Construction and land development Residential $ 8,437 1.56 % $ 6,805 1.29 % Commercial 32,109 5.94 % 42,344 8.05 % 40,546 7.50 % 49,149 9.34 % Commercial real estate Owner occupied 122,067 22.59 % 113,108 21.48 % Non-owner occupied 155,981 28.85 % 129,786 24.65 % Multifamily 11,309 2.09 % 11,666 2.22 % Farmland 564 0.10 % 977 0.19 % 289,921 53.63 % 255,537 48.54 % Consumer real estate Home equity lines 19,891 3.68 % 17,977 3.41 % Secured by 1-4 family residential, First deed of trust 65,704 12.15 % 62,277 11.83 % Second deed of trust 6,930 1.28 % 12,118 2.31 % 92,525 17.11 % 92,372 17.55 % Commercial and industrial loans (except those secured by real estate) 91,603 16.94 % 100,421 19.07 % Guaranteed student loans 22,010 4.07 % 25,975 4.93 % Consumer and other 4,078 0.75 % 3,003 0.57 % Total loans 540,683 100.0 % 526,457 100.0 % Deferred fees and costs, net 592 (433) Less: allowance for loan losses (3,370) (3,423) $ 537,905 $ 522,601 The Bank has a purchased portfolio of rehabilitated student loans guaranteed by the U.S. Department of Education (“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. U.S. Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans, included in commercial and industrial loans in the above table, were $710,000 and $32,601,000 as of September 30, 2022 and December 31, 2021, respectively. Loans pledged as collateral with the FHLB as part of their lending arrangement with the Company totaled $35,822,000 and $35,510,000 as of September 30, 2022 and December 31, 2021, respectively. 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. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due as long as the remaining recorded investment in the loan is deemed fully collectible. 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): September 30, December 31, 2022 2021 Commercial real estate Non-owner occupied $ 275 $ 286 275 286 Consumer real estate Home equity lines 300 300 Secured by 1-4 family residential First deed of trust 166 556 Second deed of trust 224 198 690 1,054 Commercial and industrial loans (except those secured by real estate) 19 19 Total loans $ 984 $ 1,359 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 net 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 September 30, 2022 Construction and land development Residential $ 8,437 $ — $ — $ — $ 8,437 Commercial 29,472 2,637 — — 32,109 37,909 2,637 — — 40,546 Commercial real estate Owner occupied 118,343 2,454 1,270 — 122,067 Non-owner occupied 151,609 4,097 275 — 155,981 Multifamily 11,309 — — — 11,309 Farmland 564 — — — 564 281,825 6,551 1,545 — 289,921 Consumer real estate Home equity lines 19,026 565 300 — 19,891 Secured by 1-4 family residential First deed of trust 64,661 553 490 — 65,704 Second deed of trust 6,608 72 250 — 6,930 90,295 1,190 1,040 — 92,525 Commercial and industrial loans (except those secured by real estate) 91,088 426 89 — 91,603 Guaranteed student loans 22,010 — — — 22,010 Consumer and other 4,054 — 24 — 4,078 Total loans $ 527,181 $ 10,804 $ 2,698 $ — $ 540,683 Risk Rated Risk Rated Risk Rated Risk Rated Total 1 ‑ 4 5 6 7 Loans December 31, 2021 Construction and land development Residential $ 6,805 $ — $ — $ — $ 6,805 Commercial 39,707 2,637 — — 42,344 46,512 2,637 — — 49,149 Commercial real estate Owner occupied 103,370 6,181 3,557 — 113,108 Non-owner occupied 114,168 15,332 286 — 129,786 Multifamily 11,666 — — — 11,666 Farmland 977 — — — 977 230,181 21,513 3,843 — 255,537 Consumer real estate Home equity lines 17,054 623 300 — 17,977 Secured by 1-4 family residential First deed of trust 57,932 3,605 740 — 62,277 Second deed of trust 11,492 429 197 — 12,118 86,478 4,657 1,237 — 92,372 Commercial and industrial loans (except those secured by real estate) 98,362 1,806 253 — 100,421 Guaranteed student loans 25,975 — — — 25,975 Consumer and other 2,972 31 — — 3,003 Total loans $ 490,480 $ 30,644 $ 5,333 $ — $ 526,457 The following table presents the aging of the recorded investment in past due loans and leases 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 September 30, 2022 Construction and land development Residential $ — $ — $ — $ — $ 8,437 $ 8,437 $ — Commercial — — — — 32,109 32,109 — — — — — 40,546 40,546 — Commercial real estate Owner occupied — — — — 122,067 122,067 — Non-owner occupied — — — — 155,981 155,981 — Multifamily — — — — 11,309 11,309 — Farmland — — — — 564 564 — — — — — 289,921 289,921 — Consumer real estate Home equity lines — — — — 19,891 19,891 — Secured by 1‑4 family residential First deed of trust — — — — 65,704 65,704 — Second deed of trust — — — — 6,930 6,930 — — — — — 92,525 92,525 — Commercial and industrial loans (except those secured by real estate) 377 — — 377 91,226 91,603 — Guaranteed student loans 783 396 1,714 2,893 19,117 22,010 1,714 Consumer and other — — — — 4,078 4,078 — Total loans $ 1,160 $ 396 $ 1,714 $ 3,270 $ 537,413 $ 540,683 $ 1,714 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, 2021 Construction and land development Residential $ — $ — $ — $ — $ 6,805 $ 6,805 $ — Commercial — — — — 42,344 42,344 — — — — — 49,149 49,149 — Commercial real estate Owner occupied — — — — 113,108 113,108 — Non-owner occupied — — — — 129,786 129,786 — Multifamily — — — — 11,666 11,666 — Farmland — — — — 977 977 — — — — — 255,537 255,537 — Consumer real estate Home equity lines — — — — 17,977 17,977 — Secured by 1-4 family residential First deed of trust — — — — 62,277 62,277 — Second deed of trust — — — — 12,118 12,118 — — — — — 92,372 92,372 — Commercial and industrial loans (except those secured by real estate) 1,031 — — 1,031 99,390 100,421 — Guaranteed student loans 956 791 1,961 3,708 22,267 25,975 1,961 Consumer and other — — — — 3,003 3,003 — Total loans $ 1,987 $ 791 $ 1,961 $ 4,739 $ 521,718 $ 526,457 $ 1,961 Loans greater than 90 days past due are 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 are considered impaired when, 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. Loans evaluated individually for impairment include non-performing loans, such as loans on non-accrual, non-guaranteed loans past due by 90 days or more, restructured loans and other loans selected by management. The evaluations are based upon discounted expected cash flows or collateral valuations. If the evaluation shows that a loan is individually impaired, then a specific reserve is established for the amount of impairment. Impairment is evaluated in total for smaller-balance loans of a similar nature and on an individual loan basis for other loans. If a loan is impaired, a specific valuation allowance is allocated, if necessary, so that the loan is reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from the collateral. Interest payments on impaired loans are typically applied to principal unless collectability of the principal amount is reasonably assured, in which case interest is recognized on a cash basis. Impaired loans, or portions thereof, are charged off when deemed uncollectible. Impaired loans are set forth in the following table as of the dates indicated (in thousands): September 30, 2022 December 31, 2021 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no related allowance recorded Commercial real estate Owner occupied $ 4,134 $ 4,149 $ — $ 4,776 $ 4,791 $ — Non-owner occupied 589 589 — 1,458 1,458 — 4,723 4,738 — 6,234 6,249 — Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1‑4 family residential First deed of trust 1,847 1,847 — 1,873 1,873 — Second deed of trust 264 348 — 238 406 — 2,411 2,495 — 2,411 2,579 — Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — 7,223 7,322 — 8,830 9,013 — With an allowance recorded Commercial real estate Owner occupied 255 255 3 267 267 4 255 255 3 267 267 4 Consumer real estate Secured by 1-4 family residential First deed of trust 65 65 6 146 146 7 65 65 6 146 146 7 Consumer and other 24 24 1 — — — 344 344 10 413 413 11 Total Owner occupied 4,389 4,404 3 5,043 5,058 4 Non-owner occupied 589 589 — 1,458 1,458 — 4,978 4,993 3 6,501 6,516 4 Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1-4 family residential, First deed of trust 1,912 1,912 6 2,019 2,019 7 Second deed of trust 264 348 — 238 406 — 2,476 2,560 6 2,557 2,725 7 Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — Consumer and other 24 24 1 — — — $ 7,567 $ 7,666 $ 10 $ 9,243 $ 9,426 $ 11 The following is a summary of average recorded investment in impaired loans with and without a valuation allowance and interest income recognized on those loans for the periods indicated (in thousands): For the Three Months Ended For the Nine Months Ended September 30, 2022 September 30, 2022 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate Owner occupied $ 4,352 $ 34 4,450 $ 100 Non-owner occupied 1,039 4 1,144 29 5,391 38 5,594 129 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential First deed of trust 1,816 23 1,830 60 Second deed of trust 337 3 228 8 2,253 32 2,358 89 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 7,763 72 8,088 221 With an allowance recorded Commercial real estate Owner occupied 259 4 261 11 259 4 261 11 Consumer real estate Secured by 1-4 family residential First deed of trust 116 — 124 4 Second deed of trust 65 3 49 3 181 3 173 7 Consumer and other 12 — 6 — 452 7 440 18 Total Commercial real estate Owner occupied 4,611 38 4,711 111 Non-owner occupied 1,039 4 1,144 29 5,650 42 5,855 140 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential, First deed of trust 1,932 23 1,954 64 Second deed of trust 402 6 277 11 2,434 35 2,531 96 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 Consumer and other 12 — 6 — $ 8,215 $ 79 $ 8,528 $ 239 Included in impaired loans are loans classified as troubled debt restructurings (“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 for the periods indicated (dollars in thousands). Specific Valuation Total Performing Nonaccrual Allowance September 30, 2022 Commercial real estate Owner occupied $ 3,119 $ 3,119 $ — $ 3 Non-owner occupied 589 314 275 — 3,708 3,433 275 3 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,422 1,422 — 6 Second deeds of trust 91 35 56 — 1,513 1,457 56 6 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 5,240 $ 4,890 $ 350 $ 9 Number of loans 25 22 3 2 Specific Valuation Total Performing Nonaccrual Allowance December 31, 2021 Commercial real estate Owner occupied $ 3,243 $ 3,243 $ — $ 4 Non-owner occupied 1,458 1,172 286 — 4,701 4,415 286 4 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,666 1,279 387 7 Second deeds of trust 99 40 59 — 1,765 1,319 446 7 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 6,485 $ 5,734 $ 751 $ 11 Number of loans 28 23 5 3 There were no TDRs identified for the three month periods ended September 30, 2022 and 2021. The following table provides information about TDRs identified during the indicated periods (dollars in thousands). Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded Loans Balance Balance Loans Balance Balance Secured by 1-4 family residential First deed of trust — $ — $ — 1 $ 267 $ 267 — $ — $ — 1 $ 267 $ 267 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 TDR’s that were modified as TDRs during the prior 12 month period ended September 30, 2022 and 2021. The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), as amended by the Consolidated Appropriations Act 2021 (“CAA”), permits financial institutions to suspend requirements under GAAP for loan modifications to borrowers affected by COVID-19 that would otherwise be characterized as TDRs and suspend any determination related thereto if (i) the loan modification is made between March 1, 2020 and the earlier of January 1, 2022 or 60 days after the end of the COVID-19 emergency declaration and (ii) the applicable loan was not more than 30 days past due as of December 31, 2019. In addition, federal bank regulatory authorities have issued guidance to encourage financial institutions to make prudent loan modifications for borrowers affected by COVID-19 and have assured financial institutions that they will neither receive supervisory criticism for such prudent loan modifications, nor be required by examiners to automatically categorize COVID-19-related loan modifications as TDRs. As of September 30, 2022 and December 31, 2021, all previously modified loans had returned to contractual payment terms. The Company’s modification program primarily included payment deferrals and interest only modifications. Activity in the allowance for loan losses is as follows for the periods indicated (in thousands): Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 171 4 — — 175 228 16 — — 244 Commercial real estate Owner occupied 868 7 — — 875 Non-owner occupied 1,267 40 — — 1,307 Multifamily 50 (17) — — 33 Farmland 2 (1) — — 1 2,187 29 — — 2,216 Consumer real estate Home equity lines 12 — — — 12 Secured by 1-4 family residential First deed of trust 114 13 — 2 129 Second deed of trust 49 (11) (27) 27 38 175 2 (27) 29 179 Commercial and industrial loans (except those secured by real estate) 533 201 (157) 5 582 Student loans 60 9 (2) — 67 Consumer and other 45 (7) (1) — 37 Unallocated 195 (150) — — 45 $ 3,423 $ 100 $ (187) $ 34 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2021 Construction and land development Residential $ 66 $ 10 $ — $ — $ 76 Commercial 203 28 — — 231 269 38 — — 307 Commercial real estate Owner occupied 802 58 — — 860 Non-owner occupied 1,059 30 — — 1,089 Multifamily 35 1 — — 36 Farmland 2 — — — 2 1,898 89 — — 1,987 Consumer real estate Home equity lines 11 — — — 11 Secured by 1-4 family residential First deed of trust 113 (3) — 1 111 Second deed of trust 72 (3) — 21 90 196 (6) — 22 212 Commercial and industrial loans (except those secured by real estate) 422 55 — 3 480 Student loans 80 1 (11) — 70 Consumer and other 36 (4) — — 32 Unallocated 528 (173) — — 355 $ 3,429 $ — $ (11) $ 25 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 229 (54) — — 175 286 (42) — — 244 Commercial real estate Owner occupied 833 42 — — 875 Non-owner occupied 1,083 224 — — 1,307 Multifamily 35 (2) — — 33 Farmland 2 (1) — — 1 1,953 263 — — 2,216 Consumer real estate Home equity lines 12 (58) — 58 12 Secured by 1-4 family residential First deed of trust 123 2 — 4 129 Second deed of trust 47 (312) (27) 330 38 182 (368) (27) 392 179 Commercial and industrial loans (except those secured by real estate) 486 189 (157) 64 582 Student loans 65 26 (24) — 67 Consumer and other 29 9 (1) — 37 Unallocated 422 (377) — — 45 $ 3,423 $ (300) $ (209) $ 456 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2021 Construction and land development Residential $ 214 $ (138) $ — $ — $ 76 Commercial 285 (54) — — 231 499 (192) — — 307 Commercial real estate Owner occupied 1,047 (187) — — 860 Non-owner occupied 1,421 (346) — 14 1,089 Multifamily 47 (11) — — 36 Farmland 2 — — — 2 2,517 (544) — 14 1,987 Consumer real estate Home equity lines 24 (23) — 10 11 Secured by 1-4 family residential First deed of trust 166 (65) — 10 111 Second deed of trust 79 57 (84) 38 90 269 (31) (84) 58 212 Commercial and industrial loans (except those secured by real estate) 408 45 — 27 480 Student loans 87 7 (24) — 70 Consumer and other 36 14 (18) — 32 Unallocated 154 201 — — 355 $ 3,970 $ (500) $ (126) $ 99 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2021 Construction and land development Residential $ 214 $ (157) $ — $ — $ 57 Commercial 285 (56) — — 229 499 (213) — — 286 Commercial real estate Owner occupied 1,047 (214) — — 833 Non-owner occupied 1,421 (352) — 14 1,083 Multifamily 47 (12) — — 35 Farmland 2 — — — 2 2,517 (578) — 14 1,953 Consumer real estate Home equity lines 24 (23) — 11 12 Secured by 1-4 family residential First deed of trust 166 (54) — 11 123 Second deed of trust 79 1 (84) 51 47 269 (76) (84) 73 182 Commercial and industrial loans (except those secured by real estate) 408 47 — 31 486 Student loans 87 13 (35) — 65 Consumer and other 36 39 (46) — 29 Unallocated 154 268 — — 422 $ 3,970 $ (500) $ (165) $ 118 $ 3,423 The amount of the loan loss provision (recovery) is determined by an evaluation of the level of loans outstanding, the level of nonperforming 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. Loans originated under PPP are not considered in the evaluation of the allowance for loan losses because these loans carry a 100% guarantee from the SBA; however, if the collectability on the guarantee on a loan is at risk that loan will be included in the evaluation of the allowance for loan losses. The level of the allowance reflects 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 risk, loan loss experience, current loan portfolio quality, and present economic, political and regulatory conditions. Portions of the allowance may be allocated for specific credits; however, the entire allowance is available for any credit that, in management’s judgement, should be charged off. While management utilizes its best judgement and information available, the ultimate adequacy of the allowance is 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 and $500,000 for the nine month period ended September 30, 2022 and September 30, 2021, respectively. The recovery of provision for loan loss expense, during the nine months ended September 30, 2022 and September 30, 2021, resulted from reductions in the qualitative factors driven by improving economic factors, improved credit metrics, and reductions in loan deferrals. While current economic challenges due to higher inflation and the speed at which interest rates are rising remain risks to credit quality, we believe our current level of allowance for loan losses is sufficient. The allowance for loan losses at each of the periods presented includes 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 $45,000, $422,000, and $355,000 at September 30, 2022, December 31, 2021, and September 30, 2021, respectively. Loans were evaluated for impairment as follows for the periods indicated (in thousands): Recorded Investment in Loans Allowance Loans Ending Ending Balance Individually Collectively Balance Individually Collectively Nine Months Ended September 30, 2022 Construction and land development Residential $ 69 $ — $ 69 $ 8,437 $ — $ 8,437 Commercial 175 — 175 32,109 — 32,109 244 — 244 40,546 — 40,546 Commercial real estate Owner occupied 875 3 872 122,067 4,389 117,678 Non-owner occupied 1,307 — 1,307 155,981 589 155,392 Multifamily 33 — 33 11,309 — 11,309 Farmland 1 — 1 564 — 564 2,216 3 2,213 289,921 4,978 284,943 Consumer real estate Home equity lines 12 — 12 19,891 300 19,591 Secured by 1-4 family residential First deed of trust 129 6 123 65,704 1,912 63,792 Second deed of trust 38 — 38 6,930 264 6,666 179 6 173 92,525 2,476 90,049 Commercial and industrial loans (except those secured by real estate) 582 — 582 91,603 89 91,514 Student loans 67 — 67 22,010 — 22,010 Consumer and other 82 1 81 4,078 24 4,054 $ 3,370 $ 10 $ 3,360 $ 540,683 $ 7,567 $ 533,116 Year Ended December 31, 2021 Construction and land development Residential $ 57 $ — $ 57 $ 6,805 $ — $ 6,805 Commercial 229 — 229 42,344 — 42,344 286 — 286 49,149 — 49,149 Commercial real estate Owner occupied 833 4 829 113,108 5,043 108,065 Non-owner occupied 1,083 — 1,083 129,786 1,458 128,328 Multifamily 35 — 35 11,666 — 11,666 Farmland 2 — 2 977 — 977 1,953 4 1,949 255,537 6,501 249,036 Consumer real estate Home equity lines 12 — 12 17,977 300 17,677 Secured by 1-4 family residential First deed of trust 123 7 116 62,277 2,019 60,258 Second deed of trust 47 — 47 12,118 238 11,880 182 7 175 92,372 2,557 89,815 Commercial and industrial loans (except those secured by real estate) 486 — 486 100,421 185 100,236 Student loans 65 — 65 25,975 — 25,975 Consumer and other 451 — 451 3,003 — 3,003

Deposits

Deposits	9 Months Ended
Deposits	Sep. 30, 2022
Deposits
Deposits	Note 6 – Deposits Deposits as of September 30, 2022 and December 31, 2021 were as follows (dollars in thousands): September 30, 2022 December 31, 2021 Amount % Amount % Demand accounts $ 279,269 41.8 % $ 268,804 40.5 % Interest checking accounts 86,894 13.0 % 89,599 13.5 % Money market accounts 193,642 29.0 % 187,942 28.3 % Savings accounts 57,498 8.6 % 54,106 8.1 % Time deposits of $250,000 and over 4,643 0.7 % 6,977 1.1 % Other time deposits 45,873 6.9 % 56,620 8.5 % Total $ 667,819 100.0 % $ 664,048 100.0 %

Borrowings

Borrowings	9 Months Ended
Borrowings	Sep. 30, 2022
Borrowings
Borrowings	Note 7 – 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 $373,000 in FHLB stock at September 30, 2022 and $353,000 at December 31, 2021, 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. The FHLB borrowings are secured by the pledge of commercial and 1-4 family residential loans. The Company had no outstanding FHLB advances at September 30, 2022 or December 31, 2021. Through the Federal Reserve Bank of Richmond, the Company could borrow funds through the Paycheck Protection Program Liquidity Fund (“PPPLF”), which were secured by the Company’s PPP loans. The PPPLF ceased extending credit on July 30, 2021. The Company did not have outstanding advances under the PPPLF at September 30, 2022 or December 31, 2021. 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 September 30, 2022 or December 31, 2021. The Company’s unused lines of credit for future borrowings total approximately $66.1 million at September 30, 2022, which consists of $23.3 million available from the FHLB, $10 million on revolving bank line of credit, $7.8 million under secured federal funds agreements with third party financial institutions, and $25 million in repurchase lines of credit 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.

Trust preferred securities

Trust preferred securities	9 Months Ended
Trust preferred securities	Sep. 30, 2022
Trust preferred securities
Trust preferred securities	Note 8 – 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 at September 30, 2022 was 5.60%. 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 September 30, 2022 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 unconsolidated 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 at September 30, 2022 was 4.85%. The securities may be redeemed at par at any time commencing in December 2012 until the securities mature in 2037 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	9 Months Ended
Subordinated Debt	Sep. 30, 2022
Subordinated Debt
Subordinated Debt	Note 9 – 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 accrue interest at a fixed rate of 6.50% for the first five years until March 31, 2023; thereafter, the subordinated notes will accrue interest at an annual floating rate equal to three-month LIBOR plus a spread of 3.73% until maturity or early redemption. 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 $5,684,000 and $5,660,000 at September 30, 2022 and December 31, 2021, respectively.

Stock incentive plan

Stock incentive plan	9 Months Ended
Stock incentive plan	Sep. 30, 2022
Stock incentive plan
Stock incentive plan	Note 10 – Stock incentive plan 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 option activity under the Company's stock incentive plans during the indicated periods: Nine Months Ended September 30, 2022 2021 Weighted Weighted Average Average Exercise Fair Value Intrinsic Exercise Fair Value Intrinsic Options Price Per Share Value Price Per Share Value Options outstanding, beginning of period 734 $ 25.63 $ 9.76 734 $ 25.63 $ 9.76 Granted — — — — — — Forfeited — — — — — — Exercised (345) 25.50 $ 9.76 — — — Options outstanding, end of period 389 $ 25.74 $ 9.76 $ — 734 $ 25.63 $ 9.76 $ — Options exercisable, end of period 389 734 During the nine months ended September 30, 2021, 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 During the nine months ended September 30, 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 begins 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 16,316 and 17,077 at September 30, 2022 and 2021, 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 related to non-vested share-based compensation arrangements granted under the stock incentive plan as of September 30, 2022 and 2021 was $551,691 and $437,600, respectively. The time-based unrecognized compensation of $363,742 is expected to be recognized over a weighted average period of 1.73 years. For the periods ended September 30, 2022, there were 924 forfeitures of restricted stock and restricted stock units, and no forfeitures for the period ended September 30, 2021. A summary of changes in the Company’s non-vested restricted stock and restricted stock unit awards for the nine months ended September 30, 2022 follows: Weighted- Average Aggregate Grant-Date Intrinsic Shares Fair-Value Value December 31, 2021 23,734 $ 37.46 $ 1,142,792 Granted 3,341 54.56 160,869 Vested (11,270) 32.30 (542,651) Forfeited (924) 34.30 (44,491) Other 1,435 32.32 69,095 September 30, 2022 16,316 $ 44.25 $ 785,615 Stock-based compensation expense was approximately $272,000 and $218,000 for the nine months ended September 30, 2022 and 2021, respectively.

Fair value

Fair value	9 Months Ended
Fair value	Sep. 30, 2022
Fair value
Fair value	Note 11 – Fair value The Company determines the fair value of its financial instruments based on the requirements established in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification ("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 Impaired loans Loans held for sale: Derivative asset – interest rate lock commitments (“IRLCs”): Derivative asset/liability – 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 September 30, 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 US Government Agencies $ 60,577 $ — $ 60,577 $ — Mortgage-backed securities 62,006 — 62,006 — Municipals 1,545 — 1,545 — Subordinated debt 10,375 — 8,875 1,500 Loans held for sale 5,076 — 5,076 — IRLC 111 — 111 — Financial Liabilities - Recurring Forward sales commitment 113 — 113 — Fair Value Measurement at December 31, 2021 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 US Government Agencies $ 40,999 $ — $ 40,999 $ — Mortgage-backed securities 40,495 — 40,495 — Municipals 2,209 2,209 Subordinated debt 10,996 — 9,246 1,750 Loans held for sale 5,141 — 5,141 — IRLC 471 — 471 — Financial Liabilities - Recurring Forward sales commitment 651 — 651 — There were no Level 3 fair value measurements for financial instruments measured on a non-recurring basis at fair value at September 30, 2022 and December 31, 2021. 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 Accounting Standards Update (“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 table reflects the carrying amounts and estimated fair values of the Company’s financial instruments whether or not recognized on the Consolidated Balance Sheets at fair value (in thousands). September 30, December 31, 2022 2021 Level in Fair Value Carrying Estimated Carrying Estimated Hierarchy Value Fair Value Value Fair Value Financial assets Cash Level 1 $ 20,393 $ 20,393 $ 12,071 $ 12,071 Cash equivalents Level 2 11,788 11,788 80,545 80,545 Investment securities available for sale Level 2 133,003 133,003 92,949 92,949 Investment securities available for sale Level 3 1,500 1,500 1,750 1,750 Federal Home Loan Bank stock Level 2 373 373 353 353 Loans held for sale Level 2 5,076 5,076 5,141 5,141 Loans Level 3 540,683 518,727 526,457 526,668 Bank owned life insurance Level 2 12,718 12,718 12,494 12,494 Accrued interest receivable Level 2 3,341 3,341 3,245 3,245 Interest rate lock commitments Level 2 111 111 471 471 Financial liabilities Deposits Level 2 667,819 667,512 664,048 663,898 Trust preferred securities Level 2 8,764 7,990 8,764 9,554 Other borrowings Level 2 5,684 5,684 5,660 5,660 Accrued interest payable Level 2 58 58 68 68 Forward sales commitment Level 2 113 113 651 651

Segment Reporting

Segment Reporting	9 Months Ended
Segment Reporting	Sep. 30, 2022
Segment Reporting
Segment Reporting	Note 12 – 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 loans held for sale, 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 three and nine months ended September 30, 2022 and 2021 (in thousands): Commercial Mortgage Consolidated Banking Banking Eliminations Totals Three Months Ended September 30, 2022 Revenues Interest income $ 6,885 $ 70 $ — $ 6,955 Gain on sale of loans — 1,350 — 1,350 Other revenues 822 108 (71) 859 Total revenues 7,707 1,528 (71) 9,164 Expenses Provision for loan losses 100 — — 100 Interest expense 420 — — 420 Salaries and benefits 2,646 800 — 3,446 Commissions — 459 — 459 Other expenses 1,853 296 (71) 2,078 Total operating expenses 5,019 1,555 (71) 6,503 Income (loss) before income taxes 2,688 (27) — 2,661 Income tax expense (benefit) 514 (6) — 508 Net income (benefit) $ 2,174 $ (21) $ — $ 2,153 Total assets $ 755,071 $ 18,281 $ (30,649) $ 742,703 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Three Months Ended September 30, 2021 Revenues Interest income $ 6,818 $ 104 $ (1) $ 6,921 Gain on sale of loans — 2,704 — 2,704 Other revenues 733 228 (70) 891 Total revenues 7,551 3,036 (71) 10,516 Expenses Recovery of provision for loan losses — — — — Interest expense 493 — (1) 492 Salaries and benefits 2,632 975 — 3,607 Commissions — 736 — 736 Other expenses 1,738 362 (70) 2,030 Total operating expenses 4,863 2,073 (71) 6,865 Income before income taxes 2,688 963 — 3,651 Income tax expense 550 202 — 752 Net income $ 2,138 $ 761 $ — $ 2,899 Total assets $ 733,611 $ 19,417 $ (22,967) $ 730,061 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Nine Months Ended September 30, 2022 Revenues Interest income $ 19,762 $ 192 $ — $ 19,954 Gain on sale of loans — 4,018 — 4,018 Other revenues 2,510 413 (148) 2,775 Total revenues 22,272 4,623 (148) 26,747 Expenses Recovery of provision for loan losses (300) — — (300) Interest expense 1,238 — — 1,238 Salaries and benefits 7,900 2,494 — 10,394 Commissions — 1,405 — 1,405 Other expenses 5,610 935 (148) 6,397 Total operating expenses 14,448 4,834 (148) 19,134 Income (loss) before income taxes 7,824 (211) — 7,613 Income tax expense (benefit) 1,514 (44) — 1,470 Net income (loss) $ 6,310 $ (167) $ — $ 6,143 Total assets $ 755,071 $ 18,281 $ (30,649) $ 742,703 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Nine Months Ended September 30, 2021 Revenues Interest income $ 20,606 $ 341 $ (24) $ 20,923 Gain on sale of loans — 9,608 — 9,608 Other revenues 2,190 694 (205) 2,679 Total revenues 22,796 10,643 (229) 33,210 Expenses Recovery of provision for loan losses (500) — — (500) Interest expense 1,728 24 (24) 1,728 Salaries and benefits 7,274 3,267 — 10,541 Commissions — 2,405 — 2,405 Other expenses 5,372 989 (205) 6,156 Total operating expenses 13,874 6,685 (229) 20,330 Income before income taxes 8,922 3,958 — 12,880 Income tax expense 1,959 831 — 2,790 Net income $ 6,963 $ 3,127 $ — $ 10,090 Total assets $ 733,611 $ 19,417 $ (22,967) $ 730,061

Shareholders' Equity and Regula

Shareholders' Equity and Regulatory Matters	9 Months Ended
Shareholders' Equity and Regulatory Matters	Sep. 30, 2022
Shareholders' Equity and Regulatory Matters
Shareholders' Equity and Regulatory Matters	Note 13 – Shareholders’ Equity and Regulatory Matters Accumulated Other Comprehensive Loss The following table presents the cumulative balances of the components of accumulated other comprehensive income (loss), net of deferred tax benefits of $3,075,000 and $198,000 as of September 30, 2022 and December 31, 2021, respectively (in thousands): September 30, December 31, 2022 2021 Net unrealized losses on securities $ (11,547) $ (717) Net unrecognized losses on defined benefit plan (21) (27) Total accumulated other comprehensive loss $ (11,568) $ (744) 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 (“Federal Reserve”) Small Bank Holding Company Policy Statement (the “SBHC Policy Statement”). On August 28, 2018, the Federal Reserve issued an interim final rule required by the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, which was signed into law on May 24, 2018 (the “EGRRCPA”), that expands the applicability of the SBHC Policy Statement to bank holding companies with total consolidated assets of less than $3 billion (up from the prior $1 billion threshold). Under the SBHC Policy Statement, qualifying bank holding companies, 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% On September 17, 2019, the federal bank regulators issued a final rule required by the EGRRCPA that permits qualifying banks and bank holding companies that have less than $10 billion of assets, like the Company and the Bank, to elect to be subject to a 9% leverage ratio that would be applied using less complex leverage calculations (commonly referred to as the community bank leverage ratio or “CBLR”). The Bank elected not to opt into the CBLR framework as of September 30, 2022 and December 31, 2021. The capital amounts and ratios at September 30, 2022 and December 31, 2021 for the Bank are presented in the table below (dollars in thousands): For Capital Requirements Actual Including Conservation Buffer (1) To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio September 30, 2022 Total capital (to risk- weighted assets) Village Bank $ 82,996 14.48 % $ 60,166 10.50 % $ 57,301 10.00 % Tier 1 capital (to risk- weighted assets) Village Bank 79,626 13.90 % 48,706 8.50 % 45,841 8.00 % Leverage ratio (Tier 1 capital to average assets) Village Bank 79,626 10.53 % 30,253 4.00 % 37,817 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 79,626 13.90 % 40,111 7.00 % 37,246 6.50 % December 31, 2021 Total capital (to risk- weighted assets) Village Bank $ 77,547 14.66 % $ 55,558 10.50 % $ 52,912 10.00 % Tier 1 capital (to risk- weighted assets) Village Bank 74,124 14.01 % 44,975 8.50 % 42,330 8.00 % Leverage ratio (Tier 1 capital to average assets) Village Bank 74,124 9.86 % 30,068 4.00 % 37,585 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 74,124 14.01 % 37,038 7.00 % 34,393 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%

Commitments and contingencies

Commitments and contingencies	9 Months Ended
Commitments and contingencies	Sep. 30, 2022
Commitments and contingencies
Commitments and contingencies	Note 14 – Commitments and contingencies Off-balance-sheet risk The Company’s exposure to credit loss in the event of non-performance 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 September 30, 2022 and December 31, 2021, the Company had the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): September 30, December 31, 2022 2021 Undisbursed credit lines $ 110,269 $ 103,125 Commitments to extend or originate credit 13,326 18,551 Standby letters of credit 557 4,680 Total commitments to extend credit $ 124,152 $ 126,356 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, many 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

Mortgage Banking and Derivative

Mortgage Banking and Derivatives	9 Months Ended
Mortgage Banking and Derivatives	Sep. 30, 2022
Mortgage Banking and Derivatives
Mortgage Banking and Derivatives	Note 15 – Mortgage Banking and Derivatives Loans held for sale. 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 September 30, 2022, and totaled $113,000 with a notional amount of $18.4 million and total positions of 62, and was reported in “Other Liabilities” at December 31, 2021, and totaled $651,000, with a notional amount of $24.3 million and total positions of 95.

Recent accounting pronouncement

Recent accounting pronouncements	6 Months Ended
Recent accounting pronouncements	Jun. 30, 2022
Recent accounting pronouncements
Recent accounting pronouncements	Note 16 – Recent accounting pronouncements In June 2016, the FASB issued 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. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The FASB has issued multiple updates to ASU 2016-13 as codified in Topic 326, including ASUs 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, and 2020-03. These ASUs have provided for various minor technical corrections and improvements to the codification as well as other transition matters. Smaller reporting companies who file with the SEC and all other entities who do not file with the SEC are required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. ASC 326, and the associated amendments, will be applied on a modified retrospective basis upon adoption, and the cumulative effect of adopting the new standard will be recorded as an adjustment to opening retained earnings in the period of adoption. The Company created a cross-functional team to prepare for and implement ASC 326. In preparation for ASC 326, the Company has gathered and validated historical loan loss data to ensure its accuracy for purposes of evaluating appropriate segmentation, modeling method, and to ensure its suitability and reliability for purposes of developing an estimate of expected credit losses under ASC 326. The Company has engaged a vendor to assist in the modeling of expected lifetime losses under ASC 326, and is continuing to develop and refine an approach to estimating the allowance for credit losses. The adoption of ASC 326 will result in significant changes to the Company’s consolidated financial statements, which may include changes in the level of the allowance for credit losses that will be considered adequate, a reduction in total equity and regulatory capital of the Bank, differences in the timing of recognizing changes to the allowance for credit losses and expanded disclosures. The Company has not yet determined an estimate of the effect of these changes. The adoption of ASC 326 will result in significant changes in the Company’s internal controls over financial reporting of the allowance for credit losses. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin ("SAB") 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB ASC 326, "Financial Instruments - Credit Losses." It covers topics including (1) measuring current expected credit losses; (2) development governance, and documentation of systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. In March 2022, the FASB issued ASU 2022-02 “Financial Instruments – Credit Losses (Topic 326) Trouble Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post implementation review of the credit losses standard (ASU 2016-13) that introduced the current expected credit losses (“CECL”) model. The amendments eliminate the accounting guidance for TDRs by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of TDRs, an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. For entities that have adopted ASU 2016-13, ASU 2022-02 is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. For entities that have not yet adopted ASU 2016-13, the effective dates for ASU 2022-02 are the same as the effective dates in ASU 2016-13. Early adoption is permitted if an entity has adopted ASU 2016-13. An entity may elect to early adopt the amendments about TDRs and related disclosure enhancements separately from the amendments related to vintage disclosures. The Company is currently assessing the impact that ASU 2022-02 will have on its consolidated financial statements. In March 2022, the FASB issued ASU 2022-01, “Derivatives and Hedging (Topic 815), Fair Value Hedging—Portfolio Layer Method.” ASU 2022-01 clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and is intended to better align hedge accounting with an organization’s risk management strategies. In 2017, FASB issued ASU 2017-12 to better align the economic results of risk management activities with hedge accounting. One of the major provisions of that standard was the addition of the last-of-layer hedging method. For a closed portfolio of fixed-rate prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable financial instruments, such as mortgages or mortgage-backed securities, the last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. ASU 2022-01 renames that method the portfolio layer method. For public business entities, ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The Company does not expect the adoption of ASU 2022-01 to have a material impact on its consolidated financial statements. 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.

Earnings per common share (Tabl

Earnings per common share (Tables)	9 Months Ended
Earnings per common share (Tables)	Sep. 30, 2022
Earnings per common share
Schedule of basic and diluted earnings per common share	The following table presents the basic and diluted earnings per common share computation (in thousands, except per share data): Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Numerator Net income - basic and diluted $ 2,153 $ 2,899 $ 6,143 $ 10,090 Denominator Weighted average shares outstanding - basic 1,476 1,468 1,475 1,467 Dilutive effect of common stock options — — — — Weighted average shares outstanding - diluted 1,476 1,468 1,475 1,467 Earnings per share - basic $ 1.46 $ 1.97 $ 4.16 $ 6.88 Earnings per share - diluted $ 1.46 $ 1.97 $ 4.16 $ 6.88

Investment securities availab_2

Investment securities available for sale (Tables)	9 Months Ended
Investment securities available for sale (Tables)	Sep. 30, 2022
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 September 30, 2022 and December 31, 2021 are as follows (in thousands): Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value September 30, 2022 U.S. Government agency obligations $ 64,643 $ — $ (4,066) $ 60,577 Mortgage-backed securities 71,156 — (9,150) 62,006 Municipals 2,268 — (723) 1,545 Subordinated debt 11,053 49 (727) 10,375 $ 149,120 $ 49 $ (14,666) $ 134,503 December 31, 2021 U.S. Government agency obligations $ 41,513 $ 22 $ (536) $ 40,999 Mortgage-backed securities 40,806 302 (613) 40,495 Municipals 2,271 — (62) 2,209 Subordinated debt 11,016 90 (110) 10,996 $ 95,606 $ 414 $ (1,321) $ 94,699
Schedule of investment securities available for sale	Investment securities available for sale that have an unrealized loss position at September 30, 2022 and December 31, 2021 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 September 30, 2022 U.S. Government agency obligations $ 23,602 $ (768) $ 36,975 $ (3,298) $ 60,577 $ (4,066) Mortgage-backed securities 42,320 (5,060) 17,620 (4,090) 59,940 (9,150) Municipals — — 1,545 (723) 1,545 (723) Subordinated debt 5,937 (615) 1,388 (112) 7,325 (727) $ 71,859 $ (6,443) $ 57,528 $ (8,223) $ 129,387 $ (14,666) December 31, 2021 U.S. Government agency obligations $ 39,617 $ (536) $ — $ — $ 39,617 $ (536) Mortgage-backed securities 21,911 (448) 4,518 (165) 26,429 (613) Municipals 2,208 (62) — — 2,208 (62) Subordinated debt 919 (80) 470 (30) 1,389 (110) $ 64,655 $ (1,126) $ 4,988 $ (195) $ 69,643 $ (1,321)
Schedule of investment by contractual maturity	The amortized cost and estimated fair value of investment securities available for sale as of September 30, 2022, by contractual maturity, are as follows (in thousands): Amortized Cost Fair Value Less than one year $ 10,510 $ 10,088 One to five years 53,627 49,995 Five to ten years 15,062 14,082 More than ten years 69,921 60,338 Total $ 149,120 $ 134,503

Loans and allowance for loan _2

Loans and allowance for loan losses (Tables)	9 Months Ended
Loans and allowance for loan losses (Tables)	Sep. 30, 2022
Loans and allowance for loan losses
Schedule of composition of loan portfolio (excluding mortgage loans held for sale)	Loans classified by type as of September 30, 2022 and December 31, 2021 are as follows (dollars in thousands): September 30, 2022 December 31, 2021 Amount % Amount % Construction and land development Residential $ 8,437 1.56 % $ 6,805 1.29 % Commercial 32,109 5.94 % 42,344 8.05 % 40,546 7.50 % 49,149 9.34 % Commercial real estate Owner occupied 122,067 22.59 % 113,108 21.48 % Non-owner occupied 155,981 28.85 % 129,786 24.65 % Multifamily 11,309 2.09 % 11,666 2.22 % Farmland 564 0.10 % 977 0.19 % 289,921 53.63 % 255,537 48.54 % Consumer real estate Home equity lines 19,891 3.68 % 17,977 3.41 % Secured by 1-4 family residential, First deed of trust 65,704 12.15 % 62,277 11.83 % Second deed of trust 6,930 1.28 % 12,118 2.31 % 92,525 17.11 % 92,372 17.55 % Commercial and industrial loans (except those secured by real estate) 91,603 16.94 % 100,421 19.07 % Guaranteed student loans 22,010 4.07 % 25,975 4.93 % Consumer and other 4,078 0.75 % 3,003 0.57 % Total loans 540,683 100.0 % 526,457 100.0 % Deferred fees and costs, net 592 (433) Less: allowance for loan losses (3,370) (3,423) $ 537,905 $ 522,601
Schedule of information on nonaccrual loans	The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands): September 30, December 31, 2022 2021 Commercial real estate Non-owner occupied $ 275 $ 286 275 286 Consumer real estate Home equity lines 300 300 Secured by 1-4 family residential First deed of trust 166 556 Second deed of trust 224 198 690 1,054 Commercial and industrial loans (except those secured by real estate) 19 19 Total loans $ 984 $ 1,359
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 September 30, 2022 Construction and land development Residential $ 8,437 $ — $ — $ — $ 8,437 Commercial 29,472 2,637 — — 32,109 37,909 2,637 — — 40,546 Commercial real estate Owner occupied 118,343 2,454 1,270 — 122,067 Non-owner occupied 151,609 4,097 275 — 155,981 Multifamily 11,309 — — — 11,309 Farmland 564 — — — 564 281,825 6,551 1,545 — 289,921 Consumer real estate Home equity lines 19,026 565 300 — 19,891 Secured by 1-4 family residential First deed of trust 64,661 553 490 — 65,704 Second deed of trust 6,608 72 250 — 6,930 90,295 1,190 1,040 — 92,525 Commercial and industrial loans (except those secured by real estate) 91,088 426 89 — 91,603 Guaranteed student loans 22,010 — — — 22,010 Consumer and other 4,054 — 24 — 4,078 Total loans $ 527,181 $ 10,804 $ 2,698 $ — $ 540,683 Risk Rated Risk Rated Risk Rated Risk Rated Total 1 ‑ 4 5 6 7 Loans December 31, 2021 Construction and land development Residential $ 6,805 $ — $ — $ — $ 6,805 Commercial 39,707 2,637 — — 42,344 46,512 2,637 — — 49,149 Commercial real estate Owner occupied 103,370 6,181 3,557 — 113,108 Non-owner occupied 114,168 15,332 286 — 129,786 Multifamily 11,666 — — — 11,666 Farmland 977 — — — 977 230,181 21,513 3,843 — 255,537 Consumer real estate Home equity lines 17,054 623 300 — 17,977 Secured by 1-4 family residential First deed of trust 57,932 3,605 740 — 62,277 Second deed of trust 11,492 429 197 — 12,118 86,478 4,657 1,237 — 92,372 Commercial and industrial loans (except those secured by real estate) 98,362 1,806 253 — 100,421 Guaranteed student loans 25,975 — — — 25,975 Consumer and other 2,972 31 — — 3,003 Total loans $ 490,480 $ 30,644 $ 5,333 $ — $ 526,457
Schedule of aging of recorded investment in past due loans and leases	The following table presents the aging of the recorded investment in past due loans and leases 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 September 30, 2022 Construction and land development Residential $ — $ — $ — $ — $ 8,437 $ 8,437 $ — Commercial — — — — 32,109 32,109 — — — — — 40,546 40,546 — Commercial real estate Owner occupied — — — — 122,067 122,067 — Non-owner occupied — — — — 155,981 155,981 — Multifamily — — — — 11,309 11,309 — Farmland — — — — 564 564 — — — — — 289,921 289,921 — Consumer real estate Home equity lines — — — — 19,891 19,891 — Secured by 1‑4 family residential First deed of trust — — — — 65,704 65,704 — Second deed of trust — — — — 6,930 6,930 — — — — — 92,525 92,525 — Commercial and industrial loans (except those secured by real estate) 377 — — 377 91,226 91,603 — Guaranteed student loans 783 396 1,714 2,893 19,117 22,010 1,714 Consumer and other — — — — 4,078 4,078 — Total loans $ 1,160 $ 396 $ 1,714 $ 3,270 $ 537,413 $ 540,683 $ 1,714 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, 2021 Construction and land development Residential $ — $ — $ — $ — $ 6,805 $ 6,805 $ — Commercial — — — — 42,344 42,344 — — — — — 49,149 49,149 — Commercial real estate Owner occupied — — — — 113,108 113,108 — Non-owner occupied — — — — 129,786 129,786 — Multifamily — — — — 11,666 11,666 — Farmland — — — — 977 977 — — — — — 255,537 255,537 — Consumer real estate Home equity lines — — — — 17,977 17,977 — Secured by 1-4 family residential First deed of trust — — — — 62,277 62,277 — Second deed of trust — — — — 12,118 12,118 — — — — — 92,372 92,372 — Commercial and industrial loans (except those secured by real estate) 1,031 — — 1,031 99,390 100,421 — Guaranteed student loans 956 791 1,961 3,708 22,267 25,975 1,961 Consumer and other — — — — 3,003 3,003 — Total loans $ 1,987 $ 791 $ 1,961 $ 4,739 $ 521,718 $ 526,457 $ 1,961
Schedule of impaired loans	September 30, 2022 December 31, 2021 Unpaid Unpaid Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance With no related allowance recorded Commercial real estate Owner occupied $ 4,134 $ 4,149 $ — $ 4,776 $ 4,791 $ — Non-owner occupied 589 589 — 1,458 1,458 — 4,723 4,738 — 6,234 6,249 — Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1‑4 family residential First deed of trust 1,847 1,847 — 1,873 1,873 — Second deed of trust 264 348 — 238 406 — 2,411 2,495 — 2,411 2,579 — Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — 7,223 7,322 — 8,830 9,013 — With an allowance recorded Commercial real estate Owner occupied 255 255 3 267 267 4 255 255 3 267 267 4 Consumer real estate Secured by 1-4 family residential First deed of trust 65 65 6 146 146 7 65 65 6 146 146 7 Consumer and other 24 24 1 — — — 344 344 10 413 413 11 Total Owner occupied 4,389 4,404 3 5,043 5,058 4 Non-owner occupied 589 589 — 1,458 1,458 — 4,978 4,993 3 6,501 6,516 4 Consumer real estate Home equity lines 300 300 — 300 300 — Secured by 1-4 family residential, First deed of trust 1,912 1,912 6 2,019 2,019 7 Second deed of trust 264 348 — 238 406 — 2,476 2,560 6 2,557 2,725 7 Commercial and industrial loans (except those secured by real estate) 89 89 — 185 185 — Consumer and other 24 24 1 — — — $ 7,567 $ 7,666 $ 10 $ 9,243 $ 9,426 $ 11
Schedule of average recorded investment in impaired loans	The following is a summary of average recorded investment in impaired loans with and without a valuation allowance and interest income recognized on those loans for the periods indicated (in thousands): For the Three Months Ended For the Nine Months Ended September 30, 2022 September 30, 2022 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded Commercial real estate Owner occupied $ 4,352 $ 34 4,450 $ 100 Non-owner occupied 1,039 4 1,144 29 5,391 38 5,594 129 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential First deed of trust 1,816 23 1,830 60 Second deed of trust 337 3 228 8 2,253 32 2,358 89 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 7,763 72 8,088 221 With an allowance recorded Commercial real estate Owner occupied 259 4 261 11 259 4 261 11 Consumer real estate Secured by 1-4 family residential First deed of trust 116 — 124 4 Second deed of trust 65 3 49 3 181 3 173 7 Consumer and other 12 — 6 — 452 7 440 18 Total Commercial real estate Owner occupied 4,611 38 4,711 111 Non-owner occupied 1,039 4 1,144 29 5,650 42 5,855 140 Consumer real estate Home equity lines 100 6 300 21 Secured by 1-4 family residential, First deed of trust 1,932 23 1,954 64 Second deed of trust 402 6 277 11 2,434 35 2,531 96 Commercial and industrial loans (except those secured by real estate) 119 2 136 3 Consumer and other 12 — 6 — $ 8,215 $ 79 $ 8,528 $ 239
Schedule of troubled debt restructurings on financing receivables	Specific Valuation Total Performing Nonaccrual Allowance September 30, 2022 Commercial real estate Owner occupied $ 3,119 $ 3,119 $ — $ 3 Non-owner occupied 589 314 275 — 3,708 3,433 275 3 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,422 1,422 — 6 Second deeds of trust 91 35 56 — 1,513 1,457 56 6 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 5,240 $ 4,890 $ 350 $ 9 Number of loans 25 22 3 2 Specific Valuation Total Performing Nonaccrual Allowance December 31, 2021 Commercial real estate Owner occupied $ 3,243 $ 3,243 $ — $ 4 Non-owner occupied 1,458 1,172 286 — 4,701 4,415 286 4 Consumer real estate Secured by 1-4 family residential First deeds of trust 1,666 1,279 387 7 Second deeds of trust 99 40 59 — 1,765 1,319 446 7 Commercial and industrial loans (except those secured by real estate) 19 — 19 — $ 6,485 $ 5,734 $ 751 $ 11 Number of loans 28 23 5 3 There were no TDRs identified for the three month periods ended September 30, 2022 and 2021. The following table provides information about TDRs identified during the indicated periods (dollars in thousands). Nine Months Ended Nine Months Ended September 30, 2022 September 30, 2021 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded Loans Balance Balance Loans Balance Balance Secured by 1-4 family residential First deed of trust — $ — $ — 1 $ 267 $ 267 — $ — $ — 1 $ 267 $ 267 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 TDR’s that were modified as TDRs during the prior 12 month period ended September 30, 2022 and 2021.
Schedule of troubled debt restructurings on financing receivables modification	There were no TDRs identified for the three month periods ended September 30, 2022 and 2021. The following table provides information about TDRs identified during the indicated periods (dollars in thousands).
Schedule of activity in the allowance for loan losses	Activity in the allowance for loan losses is as follows for the periods indicated (in thousands): Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 171 4 — — 175 228 16 — — 244 Commercial real estate Owner occupied 868 7 — — 875 Non-owner occupied 1,267 40 — — 1,307 Multifamily 50 (17) — — 33 Farmland 2 (1) — — 1 2,187 29 — — 2,216 Consumer real estate Home equity lines 12 — — — 12 Secured by 1-4 family residential First deed of trust 114 13 — 2 129 Second deed of trust 49 (11) (27) 27 38 175 2 (27) 29 179 Commercial and industrial loans (except those secured by real estate) 533 201 (157) 5 582 Student loans 60 9 (2) — 67 Consumer and other 45 (7) (1) — 37 Unallocated 195 (150) — — 45 $ 3,423 $ 100 $ (187) $ 34 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Three Months Ended September 30, 2021 Construction and land development Residential $ 66 $ 10 $ — $ — $ 76 Commercial 203 28 — — 231 269 38 — — 307 Commercial real estate Owner occupied 802 58 — — 860 Non-owner occupied 1,059 30 — — 1,089 Multifamily 35 1 — — 36 Farmland 2 — — — 2 1,898 89 — — 1,987 Consumer real estate Home equity lines 11 — — — 11 Secured by 1-4 family residential First deed of trust 113 (3) — 1 111 Second deed of trust 72 (3) — 21 90 196 (6) — 22 212 Commercial and industrial loans (except those secured by real estate) 422 55 — 3 480 Student loans 80 1 (11) — 70 Consumer and other 36 (4) — — 32 Unallocated 528 (173) — — 355 $ 3,429 $ — $ (11) $ 25 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2022 Construction and land development Residential $ 57 $ 12 $ — $ — $ 69 Commercial 229 (54) — — 175 286 (42) — — 244 Commercial real estate Owner occupied 833 42 — — 875 Non-owner occupied 1,083 224 — — 1,307 Multifamily 35 (2) — — 33 Farmland 2 (1) — — 1 1,953 263 — — 2,216 Consumer real estate Home equity lines 12 (58) — 58 12 Secured by 1-4 family residential First deed of trust 123 2 — 4 129 Second deed of trust 47 (312) (27) 330 38 182 (368) (27) 392 179 Commercial and industrial loans (except those secured by real estate) 486 189 (157) 64 582 Student loans 65 26 (24) — 67 Consumer and other 29 9 (1) — 37 Unallocated 422 (377) — — 45 $ 3,423 $ (300) $ (209) $ 456 $ 3,370 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Nine Months Ended September 30, 2021 Construction and land development Residential $ 214 $ (138) $ — $ — $ 76 Commercial 285 (54) — — 231 499 (192) — — 307 Commercial real estate Owner occupied 1,047 (187) — — 860 Non-owner occupied 1,421 (346) — 14 1,089 Multifamily 47 (11) — — 36 Farmland 2 — — — 2 2,517 (544) — 14 1,987 Consumer real estate Home equity lines 24 (23) — 10 11 Secured by 1-4 family residential First deed of trust 166 (65) — 10 111 Second deed of trust 79 57 (84) 38 90 269 (31) (84) 58 212 Commercial and industrial loans (except those secured by real estate) 408 45 — 27 480 Student loans 87 7 (24) — 70 Consumer and other 36 14 (18) — 32 Unallocated 154 201 — — 355 $ 3,970 $ (500) $ (126) $ 99 $ 3,443 Provision for Beginning (Recovery of) Ending Balance Loan Losses Charge-offs Recoveries Balance Year Ended December 31, 2021 Construction and land development Residential $ 214 $ (157) $ — $ — $ 57 Commercial 285 (56) — — 229 499 (213) — — 286 Commercial real estate Owner occupied 1,047 (214) — — 833 Non-owner occupied 1,421 (352) — 14 1,083 Multifamily 47 (12) — — 35 Farmland 2 — — — 2 2,517 (578) — 14 1,953 Consumer real estate Home equity lines 24 (23) — 11 12 Secured by 1-4 family residential First deed of trust 166 (54) — 11 123 Second deed of trust 79 1 (84) 51 47 269 (76) (84) 73 182 Commercial and industrial loans (except those secured by real estate) 408 47 — 31 486 Student loans 87 13 (35) — 65 Consumer and other 36 39 (46) — 29 Unallocated 154 268 — — 422 $ 3,970 $ (500) $ (165) $ 118 $ 3,423
Schedule of loans evaluated for impairment	Recorded Investment in Loans Allowance Loans Ending Ending Balance Individually Collectively Balance Individually Collectively Nine Months Ended September 30, 2022 Construction and land development Residential $ 69 $ — $ 69 $ 8,437 $ — $ 8,437 Commercial 175 — 175 32,109 — 32,109 244 — 244 40,546 — 40,546 Commercial real estate Owner occupied 875 3 872 122,067 4,389 117,678 Non-owner occupied 1,307 — 1,307 155,981 589 155,392 Multifamily 33 — 33 11,309 — 11,309 Farmland 1 — 1 564 — 564 2,216 3 2,213 289,921 4,978 284,943 Consumer real estate Home equity lines 12 — 12 19,891 300 19,591 Secured by 1-4 family residential First deed of trust 129 6 123 65,704 1,912 63,792 Second deed of trust 38 — 38 6,930 264 6,666 179 6 173 92,525 2,476 90,049 Commercial and industrial loans (except those secured by real estate) 582 — 582 91,603 89 91,514 Student loans 67 — 67 22,010 — 22,010 Consumer and other 82 1 81 4,078 24 4,054 $ 3,370 $ 10 $ 3,360 $ 540,683 $ 7,567 $ 533,116 Year Ended December 31, 2021 Construction and land development Residential $ 57 $ — $ 57 $ 6,805 $ — $ 6,805 Commercial 229 — 229 42,344 — 42,344 286 — 286 49,149 — 49,149 Commercial real estate Owner occupied 833 4 829 113,108 5,043 108,065 Non-owner occupied 1,083 — 1,083 129,786 1,458 128,328 Multifamily 35 — 35 11,666 — 11,666 Farmland 2 — 2 977 — 977 1,953 4 1,949 255,537 6,501 249,036 Consumer real estate Home equity lines 12 — 12 17,977 300 17,677 Secured by 1-4 family residential First deed of trust 123 7 116 62,277 2,019 60,258 Second deed of trust 47 — 47 12,118 238 11,880 182 7 175 92,372 2,557 89,815 Commercial and industrial loans (except those secured by real estate) 486 — 486 100,421 185 100,236 Student loans 65 — 65 25,975 — 25,975 Consumer and other 451 — 451 3,003 — 3,003 $ 3,423 $ 11 $ 3,412 $ 526,457 $ 9,243 $ 517,214

Deposits (Tables)

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Sep. 30, 2022
Deposits
Schedule of deposits	Deposits as of September 30, 2022 and December 31, 2021 were as follows (dollars in thousands): September 30, 2022 December 31, 2021 Amount % Amount % Demand accounts $ 279,269 41.8 % $ 268,804 40.5 % Interest checking accounts 86,894 13.0 % 89,599 13.5 % Money market accounts 193,642 29.0 % 187,942 28.3 % Savings accounts 57,498 8.6 % 54,106 8.1 % Time deposits of $250,000 and over 4,643 0.7 % 6,977 1.1 % Other time deposits 45,873 6.9 % 56,620 8.5 % Total $ 667,819 100.0 % $ 664,048 100.0 %

Stock incentive plan (Tables)

Stock incentive plan (Tables)	9 Months Ended
Stock incentive plan (Tables)	Sep. 30, 2022
Stock incentive plan
Schedule of options outstanding under company's stock incentive plan	The following table summarizes option activity under the Company's stock incentive plans during the indicated periods: Nine Months Ended September 30, 2022 2021 Weighted Weighted Average Average Exercise Fair Value Intrinsic Exercise Fair Value Intrinsic Options Price Per Share Value Price Per Share Value Options outstanding, beginning of period 734 $ 25.63 $ 9.76 734 $ 25.63 $ 9.76 Granted — — — — — — Forfeited — — — — — — Exercised (345) 25.50 $ 9.76 — — — Options outstanding, end of period 389 $ 25.74 $ 9.76 $ — 734 $ 25.63 $ 9.76 $ — Options exercisable, end of period 389 734
Schedule of company's non vested restricted stock awards	A summary of changes in the Company’s non-vested restricted stock and restricted stock unit awards for the nine months ended September 30, 2022 follows: Weighted- Average Aggregate Grant-Date Intrinsic Shares Fair-Value Value December 31, 2021 23,734 $ 37.46 $ 1,142,792 Granted 3,341 54.56 160,869 Vested (11,270) 32.30 (542,651) Forfeited (924) 34.30 (44,491) Other 1,435 32.32 69,095 September 30, 2022 16,316 $ 44.25 $ 785,615

Fair value (Tables)

Fair value (Tables)	9 Months Ended
Fair value (Tables)	Sep. 30, 2022
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 September 30, 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 US Government Agencies $ 60,577 $ — $ 60,577 $ — Mortgage-backed securities 62,006 — 62,006 — Municipals 1,545 — 1,545 — Subordinated debt 10,375 — 8,875 1,500 Loans held for sale 5,076 — 5,076 — IRLC 111 — 111 — Financial Liabilities - Recurring Forward sales commitment 113 — 113 — Fair Value Measurement at December 31, 2021 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 US Government Agencies $ 40,999 $ — $ 40,999 $ — Mortgage-backed securities 40,495 — 40,495 — Municipals 2,209 2,209 Subordinated debt 10,996 — 9,246 1,750 Loans held for sale 5,141 — 5,141 — IRLC 471 — 471 — Financial Liabilities - Recurring Forward sales commitment 651 — 651 —
Schedule of company's financial instruments whether or not recognized	September 30, December 31, 2022 2021 Level in Fair Value Carrying Estimated Carrying Estimated Hierarchy Value Fair Value Value Fair Value Financial assets Cash Level 1 $ 20,393 $ 20,393 $ 12,071 $ 12,071 Cash equivalents Level 2 11,788 11,788 80,545 80,545 Investment securities available for sale Level 2 133,003 133,003 92,949 92,949 Investment securities available for sale Level 3 1,500 1,500 1,750 1,750 Federal Home Loan Bank stock Level 2 373 373 353 353 Loans held for sale Level 2 5,076 5,076 5,141 5,141 Loans Level 3 540,683 518,727 526,457 526,668 Bank owned life insurance Level 2 12,718 12,718 12,494 12,494 Accrued interest receivable Level 2 3,341 3,341 3,245 3,245 Interest rate lock commitments Level 2 111 111 471 471 Financial liabilities Deposits Level 2 667,819 667,512 664,048 663,898 Trust preferred securities Level 2 8,764 7,990 8,764 9,554 Other borrowings Level 2 5,684 5,684 5,660 5,660 Accrued interest payable Level 2 58 58 68 68 Forward sales commitment Level 2 113 113 651 651

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
Segment Reporting (Tables)	Sep. 30, 2022
Segment Reporting
Schedule of segment information	The following table presents segment information as of and for the three and nine months ended September 30, 2022 and 2021 (in thousands): Commercial Mortgage Consolidated Banking Banking Eliminations Totals Three Months Ended September 30, 2022 Revenues Interest income $ 6,885 $ 70 $ — $ 6,955 Gain on sale of loans — 1,350 — 1,350 Other revenues 822 108 (71) 859 Total revenues 7,707 1,528 (71) 9,164 Expenses Provision for loan losses 100 — — 100 Interest expense 420 — — 420 Salaries and benefits 2,646 800 — 3,446 Commissions — 459 — 459 Other expenses 1,853 296 (71) 2,078 Total operating expenses 5,019 1,555 (71) 6,503 Income (loss) before income taxes 2,688 (27) — 2,661 Income tax expense (benefit) 514 (6) — 508 Net income (benefit) $ 2,174 $ (21) $ — $ 2,153 Total assets $ 755,071 $ 18,281 $ (30,649) $ 742,703 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Three Months Ended September 30, 2021 Revenues Interest income $ 6,818 $ 104 $ (1) $ 6,921 Gain on sale of loans — 2,704 — 2,704 Other revenues 733 228 (70) 891 Total revenues 7,551 3,036 (71) 10,516 Expenses Recovery of provision for loan losses — — — — Interest expense 493 — (1) 492 Salaries and benefits 2,632 975 — 3,607 Commissions — 736 — 736 Other expenses 1,738 362 (70) 2,030 Total operating expenses 4,863 2,073 (71) 6,865 Income before income taxes 2,688 963 — 3,651 Income tax expense 550 202 — 752 Net income $ 2,138 $ 761 $ — $ 2,899 Total assets $ 733,611 $ 19,417 $ (22,967) $ 730,061 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Nine Months Ended September 30, 2022 Revenues Interest income $ 19,762 $ 192 $ — $ 19,954 Gain on sale of loans — 4,018 — 4,018 Other revenues 2,510 413 (148) 2,775 Total revenues 22,272 4,623 (148) 26,747 Expenses Recovery of provision for loan losses (300) — — (300) Interest expense 1,238 — — 1,238 Salaries and benefits 7,900 2,494 — 10,394 Commissions — 1,405 — 1,405 Other expenses 5,610 935 (148) 6,397 Total operating expenses 14,448 4,834 (148) 19,134 Income (loss) before income taxes 7,824 (211) — 7,613 Income tax expense (benefit) 1,514 (44) — 1,470 Net income (loss) $ 6,310 $ (167) $ — $ 6,143 Total assets $ 755,071 $ 18,281 $ (30,649) $ 742,703 Commercial Mortgage Consolidated Banking Banking Eliminations Totals Nine Months Ended September 30, 2021 Revenues Interest income $ 20,606 $ 341 $ (24) $ 20,923 Gain on sale of loans — 9,608 — 9,608 Other revenues 2,190 694 (205) 2,679 Total revenues 22,796 10,643 (229) 33,210 Expenses Recovery of provision for loan losses (500) — — (500) Interest expense 1,728 24 (24) 1,728 Salaries and benefits 7,274 3,267 — 10,541 Commissions — 2,405 — 2,405 Other expenses 5,372 989 (205) 6,156 Total operating expenses 13,874 6,685 (229) 20,330 Income before income taxes 8,922 3,958 — 12,880 Income tax expense 1,959 831 — 2,790 Net income $ 6,963 $ 3,127 $ — $ 10,090 Total assets $ 733,611 $ 19,417 $ (22,967) $ 730,061

Shareholders' Equity and Regu_2

Shareholders' Equity and Regulatory Matters (Tables)	9 Months Ended
Shareholders' Equity and Regulatory Matters (Tables)	Sep. 30, 2022
Shareholders' Equity and Regulatory Matters
Schedule of accumulated other comprehensive income (loss)	The following table presents the cumulative balances of the components of accumulated other comprehensive income (loss), net of deferred tax benefits of $3,075,000 and $198,000 as of September 30, 2022 and December 31, 2021, respectively (in thousands): September 30, December 31, 2022 2021 Net unrealized losses on securities $ (11,547) $ (717) Net unrecognized losses on defined benefit plan (21) (27) Total accumulated other comprehensive loss $ (11,568) $ (744)
Schedule of capital amounts and ratios	The capital amounts and ratios at September 30, 2022 and December 31, 2021 for the Bank are presented in the table below (dollars in thousands): For Capital Requirements Actual Including Conservation Buffer (1) To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio September 30, 2022 Total capital (to risk- weighted assets) Village Bank $ 82,996 14.48 % $ 60,166 10.50 % $ 57,301 10.00 % Tier 1 capital (to risk- weighted assets) Village Bank 79,626 13.90 % 48,706 8.50 % 45,841 8.00 % Leverage ratio (Tier 1 capital to average assets) Village Bank 79,626 10.53 % 30,253 4.00 % 37,817 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 79,626 13.90 % 40,111 7.00 % 37,246 6.50 % December 31, 2021 Total capital (to risk- weighted assets) Village Bank $ 77,547 14.66 % $ 55,558 10.50 % $ 52,912 10.00 % Tier 1 capital (to risk- weighted assets) Village Bank 74,124 14.01 % 44,975 8.50 % 42,330 8.00 % Leverage ratio (Tier 1 capital to average assets) Village Bank 74,124 9.86 % 30,068 4.00 % 37,585 5.00 % Common equity tier 1 (to risk- weighted assets) Village Bank 74,124 14.01 % 37,038 7.00 % 34,393 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%

Commitments and contingencies (

Commitments and contingencies (Tables)	9 Months Ended
Commitments and contingencies (Tables)	Sep. 30, 2022
Commitments and contingencies
Schedule of off balance sheet financial instruments	At September 30, 2022 and December 31, 2021, the Company had the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): September 30, December 31, 2022 2021 Undisbursed credit lines $ 110,269 $ 103,125 Commitments to extend or originate credit 13,326 18,551 Standby letters of credit 557 4,680 Total commitments to extend credit $ 124,152 $ 126,356

Earnings per common share (Deta

Earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator
Net income - basic and diluted	$ 2,153	$ 2,899	$ 6,143	$ 10,090
Denominator
Weighted average shares outstanding - basic (in shares)	1,476	1,468	1,475	1,467
Weighted average shares outstanding - diluted (in shares)	1,476	1,468	1,475	1,467
Earnings per share - basic (in dollars per share)	$ 1.46	$ 1.97	$ 4.16	$ 6.88
Earnings per share - diluted (in dollars per share)	$ 1.46	$ 1.97	$ 4.16	$ 6.88

Earnings per common share - Add

Earnings per common share - Additional Information (Details) - shares	Sep. 30, 2022	Sep. 30, 2021
Earnings per common share
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	5,514	5,793

Investment securities availab_3

Investment securities available for sale - Amortized cost and fair value of investment securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 149,120	$ 95,606
Gross Unrealized Gains	49	414
Gross Unrealized Losses	(14,666)	(1,321)
Fair Value	134,503	94,699
U.S. Government agencies obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	64,643	41,513
Gross Unrealized Gains		22
Gross Unrealized Losses	(4,066)	(536)
Fair Value	60,577	40,999
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	71,156	40,806
Gross Unrealized Gains		302
Gross Unrealized Losses	(9,150)	(613)
Fair Value	62,006	40,495
Municipals
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,268	2,271
Gross Unrealized Losses	(723)	(62)
Fair Value	1,545	2,209
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	11,053	11,016
Gross Unrealized Gains	49	90
Gross Unrealized Losses	(727)	(110)
Fair Value	$ 10,375	$ 10,996

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 ($)	Sep. 30, 2022	Dec. 31, 2021
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	$ 71,859,000	$ 64,655,000
Securities in a loss position for less than 12 Months, Unrealized Losses	(6,443,000)	(1,126,000)
Securities in a loss position for more than 12 Months, Fair Value	57,528,000	4,988,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	(8,223,000)	(195,000)
Total Fair Value	129,387,000	69,643,000
Total Unrealized Losses	(14,666,000)	(1,321,000)
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	23,602,000	39,617,000
Securities in a loss position for less than 12 Months, Unrealized Losses	(768,000)	(536,000)
Securities in a loss position for more than 12 Months, Fair Value	36,975,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	(3,298,000)
Total Fair Value	60,577,000	39,617,000
Total Unrealized Losses	(4,066,000)	(536,000)
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	42,320,000	21,911,000
Securities in a loss position for less than 12 Months, Unrealized Losses	(5,060,000)	(448,000)
Securities in a loss position for more than 12 Months, Fair Value	17,620,000	4,518,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	(4,090,000)	(165,000)
Total Fair Value	59,940,000	26,429,000
Total Unrealized Losses	(9,150,000)	(613,000)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value		2,208,000
Securities in a loss position for less than 12 Months, Unrealized Losses		(62,000)
Securities in a loss position for more than 12 Months, Fair Value	1,545,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	(723,000)
Total Fair Value	1,545,000	2,208,000
Total Unrealized Losses	(723,000)	(62,000)
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	5,937,000	919,000
Securities in a loss position for less than 12 Months, Unrealized Losses	(615,000)	(80,000)
Securities in a loss position for more than 12 Months, Fair Value	1,388,000	470,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	(112,000)	(30,000)
Total Fair Value	7,325,000	1,389,000
Total Unrealized Losses	$ (727,000)	$ (110,000)

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	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
Less than one year	$ 10,510
One to five years	53,627
Five to ten years	15,062
More than ten years	69,921
Total	149,120
Fair Value
Less than one year	10,088
One to five years	49,995
Five to ten years	14,082
More than ten years	60,338
Total	$ 134,503	$ 94,699

Investment securities availab_6

Investment securities available for sale - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Schedule of Available-for-sale Securities [Line Items]
Proceeds from Sale of Available-for-sale Securities, Debt	$ 0	$ 0	$ 0	$ 0
Number of positions, less than 12 months \| item	47		47
Number of positions, more than 12 months \| item	24		24
Securities in a loss position for more than 12 Months, Fair Value	$ 57,528,000		$ 57,528,000		$ 4,988,000
Securities in a loss Position for more than 12 Months, Unrealized Losses	8,223,000		8,223,000		195,000
Securities in a loss position for less than 12 Months, Fair Value	71,859,000		71,859,000		64,655,000
Securities in a loss position for less than 12 Months, Unrealized Losses	6,443,000		6,443,000		1,126,000
Investment Pledged As Security For Debt [Member] \| FHLB advances
Schedule of Available-for-sale Securities [Line Items]
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank	$ 0		$ 0		$ 0

Loans and allowance for loan _3

Loans and allowance for loan losses - Classified by type (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 540,683		$ 526,457			$ 526,457
Deferred fees and costs, net	592		(433)
Less: allowance for loan losses	(3,370)		(3,423)
Total loans, net	$ 537,905		$ 522,601
Percentage of class of loans to loan portfolio (in percent)	100%		100%
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 40,546		$ 49,149			49,149
Less: allowance for loan losses	$ (244)	$ (228)	$ (286)	$ (307)	$ (269)	(499)
Percentage of class of loans to loan portfolio (in percent)	7.50%		9.34%
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 289,921		$ 255,537			255,537
Less: allowance for loan losses	$ (2,216)	(2,187)	$ (1,953)	(1,987)	(1,898)	(2,517)
Percentage of class of loans to loan portfolio (in percent)	53.63%		48.54%
Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 92,525		$ 92,372			92,372
Less: allowance for loan losses	$ (179)	(175)	$ (182)	(212)	(196)
Percentage of class of loans to loan portfolio (in percent)	17.11%		17.55%
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (3,370)	(3,423)	$ (3,423)	(3,443)	(3,429)	(3,970)
Residential \| Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	8,437		6,805			6,805
Less: allowance for loan losses	$ (69)	(57)	$ (57)	(76)	(66)	(214)
Percentage of class of loans to loan portfolio (in percent)	1.56%		1.29%
Commercial \| Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 32,109		$ 42,344			42,344
Less: allowance for loan losses	$ (175)	(171)	$ (229)	(231)	(203)	(285)
Percentage of class of loans to loan portfolio (in percent)	5.94%		8.05%
Owner occupied \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 122,067		$ 113,108			113,108
Less: allowance for loan losses	$ (875)	(868)	$ (833)	(860)	(802)	(1,047)
Percentage of class of loans to loan portfolio (in percent)	22.59%		21.48%
Non-owner occupied \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 155,981		$ 129,786			129,786
Less: allowance for loan losses	$ (1,307)	(1,267)	$ (1,083)	(1,089)	(1,059)	(1,421)
Percentage of class of loans to loan portfolio (in percent)	28.85%		24.65%
Multifamily \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 11,309		$ 11,666			11,666
Less: allowance for loan losses	$ (33)	(50)	$ (35)	(36)	(35)	(47)
Percentage of class of loans to loan portfolio (in percent)	2.09%		2.22%
Farmland \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 564		$ 977			977
Less: allowance for loan losses	$ (1)	(2)	$ (2)	(2)	(2)	(2)
Percentage of class of loans to loan portfolio (in percent)	0.10%		0.19%
Home equity lines \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (12)	(12)	$ (12)	(11)		(24)
Home equity lines \| Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	19,891		17,977			17,977
Less: allowance for loan losses	$ (12)		$ (12)	(11)	(11)
Percentage of class of loans to loan portfolio (in percent)	3.68%		3.41%
First deed of trust \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (129)	(114)
First deed of trust \| Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	65,704		$ 62,277			62,277
Less: allowance for loan losses	$ (129)		$ (123)	(111)	(113)	(166)
Percentage of class of loans to loan portfolio (in percent)	12.15%		11.83%
Second deed of trust \| Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for loan losses	$ (38)	(49)
Second deed of trust \| Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,930		$ 12,118			12,118
Less: allowance for loan losses	$ (38)		$ (47)	(90)	(72)	(79)
Percentage of class of loans to loan portfolio (in percent)	1.28%		2.31%
Commercial and industrial loans (except those secured by real estate) \| Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 91,603		$ 100,421			100,421
Less: allowance for loan losses	$ (582)	(533)	$ (486)	(480)	(422)	(408)
Percentage of class of loans to loan portfolio (in percent)	16.94%		19.07%
Guaranteed student loans \| Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 22,010		$ 25,975			25,975
Less: allowance for loan losses	$ (67)	(60)	$ (65)	(70)	(80)	(87)
Percentage of class of loans to loan portfolio (in percent)	4.07%		4.93%
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 4,078					3,003
Less: allowance for loan losses	(82)		$ (451)
Consumer and other \| Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,078		3,003
Less: allowance for loan losses	$ (37)	$ (45)	$ (29)	$ (32)	$ (36)	$ (36)
Percentage of class of loans to loan portfolio (in percent)	0.75%		0.57%

Loans and allowance for loan _4

Loans and allowance for loan losses - Information on nonaccrual loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 984	$ 1,359
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	275	286
Commercial real estate \| Non-owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	275	286
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	690	1,054
Consumer real estate secured by 1-4 family residential \| Home equity lines
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	300	300
Consumer real estate secured by 1-4 family residential \| First deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	166	556
Consumer real estate secured by 1-4 family residential \| Second deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	224	198
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Allowance for Credit Losses [Line Items]
Total loans	$ 19	$ 19

Loans and allowance for loan _5

Loans and allowance for loan losses - Information on the risk rating of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 540,683	$ 526,457	$ 526,457
Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,078		3,003
Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans	527,181	490,480
Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans	10,804	30,644
Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,698	5,333
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total loans	40,546	49,149	49,149
Construction and land development \| Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,437	6,805	6,805
Construction and land development \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	32,109	42,344	42,344
Construction and land development \| Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans	37,909	46,512
Construction and land development \| Risk Rated 1-4 \| Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	8,437	6,805
Construction and land development \| Risk Rated 1-4 \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	29,472	39,707
Construction and land development \| Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,637	2,637
Construction and land development \| Risk Rated 5 \| Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,637	2,637
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	289,921	255,537	255,537
Commercial real estate \| Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	122,067	113,108	113,108
Commercial real estate \| Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	155,981	129,786	129,786
Commercial real estate \| Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,309	11,666	11,666
Commercial real estate \| Farmland
Financing Receivable, Recorded Investment [Line Items]
Total loans	564	977	977
Commercial real estate \| Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans	281,825	230,181
Commercial real estate \| Risk Rated 1-4 \| Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	118,343	103,370
Commercial real estate \| Risk Rated 1-4 \| Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	151,609	114,168
Commercial real estate \| Risk Rated 1-4 \| Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,309	11,666
Commercial real estate \| Risk Rated 1-4 \| Farmland
Financing Receivable, Recorded Investment [Line Items]
Total loans	564	977
Commercial real estate \| Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,551	21,513
Commercial real estate \| Risk Rated 5 \| Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	2,454	6,181
Commercial real estate \| Risk Rated 5 \| Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,097	15,332
Commercial real estate \| Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,545	3,843
Commercial real estate \| Risk Rated 6 \| Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,270	3,557
Commercial real estate \| Risk Rated 6 \| Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	275	286
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	92,525	92,372	92,372
Consumer real estate secured by 1-4 family residential \| Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,891	17,977	17,977
Consumer real estate secured by 1-4 family residential \| First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	65,704	62,277	62,277
Consumer real estate secured by 1-4 family residential \| Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	6,930	12,118	12,118
Consumer real estate secured by 1-4 family residential \| Risk Rated 1-4
Financing Receivable, Recorded Investment [Line Items]
Total loans	90,295	86,478
Consumer real estate secured by 1-4 family residential \| Risk Rated 1-4 \| Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans	19,026	17,054
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	64,661	57,932
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	6,608	11,492
Consumer real estate secured by 1-4 family residential \| Risk Rated 5
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,190	4,657
Consumer real estate secured by 1-4 family residential \| Risk Rated 5 \| Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans	565	623
Consumer real estate secured by 1-4 family residential \| Risk Rated 5 \| First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	553	3,605
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	429
Consumer real estate secured by 1-4 family residential \| Risk Rated 6
Financing Receivable, Recorded Investment [Line Items]
Total loans	1,040	1,237
Consumer real estate secured by 1-4 family residential \| Risk Rated 6 \| Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans	300	300
Consumer real estate secured by 1-4 family residential \| Risk Rated 6 \| First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	490	740
Consumer real estate secured by 1-4 family residential \| Risk Rated 6 \| Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	250	197
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans	91,603	100,421	100,421
Commercial and industrial loans \| Guaranteed student loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	22,010	25,975	$ 25,975
Commercial and industrial loans \| Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,078	3,003
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	91,088	98,362
Commercial and industrial loans \| Risk Rated 1-4 \| Guaranteed student loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	22,010	25,975
Commercial and industrial loans \| Risk Rated 1-4 \| Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans	4,054	2,972
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	426	1,806
Commercial and industrial loans \| Risk Rated 5 \| Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans		31
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	89	$ 253
Commercial and industrial loans \| Risk Rated 6 \| Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 24

Loans and allowance for loan _6

Loans and allowance for loan losses - Aging of recorded investment in past due loans and leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 540,683	$ 526,457	$ 526,457
Total Loans		526,457
Total loans	540,683
Recorded Investment, 90 Days and Accruing		1,961
Recorded Investment, 90 Days and Accruing	1,714
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	537,413	521,718
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	3,270	4,739
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,160	1,987
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	396	791
Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,714	1,961
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	4,078		3,003
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	40,546	49,149	49,149
Total Loans		49,149
Total loans	40,546
Construction and land development \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	40,546	49,149
Construction and land development \| Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	8,437	6,805	6,805
Total Loans		6,805
Total loans	8,437
Construction and land development \| Residential \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	8,437	6,805
Construction and land development \| Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	32,109	42,344	42,344
Total Loans		42,344
Total loans	32,109
Construction and land development \| Commercial \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	32,109	42,344
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	289,921	255,537	255,537
Total Loans		255,537
Total loans	289,921
Commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	289,921	255,537
Commercial real estate \| Owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	122,067	113,108	113,108
Total Loans		113,108
Total loans	122,067
Commercial real estate \| Owner occupied \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	122,067	113,108
Commercial real estate \| Non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	155,981	129,786	129,786
Total Loans		129,786
Total loans	155,981
Commercial real estate \| Non-owner occupied \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	155,981	129,786
Commercial real estate \| Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	11,309	11,666	11,666
Total Loans		11,666
Total loans	11,309
Commercial real estate \| Multifamily \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	11,309	11,666
Commercial real estate \| Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	564	977	977
Total Loans		977
Total loans	564
Commercial real estate \| Farmland \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	564	977
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	92,525	92,372	92,372
Total Loans		92,372
Total loans	92,525
Consumer real estate secured by 1-4 family residential \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	92,525	92,372
Consumer real estate secured by 1-4 family residential \| Home equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	19,891	17,977	17,977
Total Loans		17,977
Total loans	19,891
Consumer real estate secured by 1-4 family residential \| Home equity lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	19,891	17,977
Consumer real estate secured by 1-4 family residential \| First deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	65,704	62,277	62,277
Total Loans		62,277
Total loans	65,704
Consumer real estate secured by 1-4 family residential \| First deed of trust \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	65,704	62,277
Consumer real estate secured by 1-4 family residential \| Second deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	6,930	12,118	12,118
Total Loans		12,118
Total loans	6,930
Consumer real estate secured by 1-4 family residential \| Second deed of trust \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	6,930	12,118
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	91,603	100,421	100,421
Total Loans		100,421
Total loans	91,603
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	91,226	99,390
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	377	1,031
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	377	1,031
Commercial and industrial loans \| Guaranteed student loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	22,010	25,975	$ 25,975
Total Loans		25,975
Total loans	22,010
Recorded Investment, 90 Days and Accruing		1,961
Recorded Investment, 90 Days and Accruing	1,714
Commercial and industrial loans \| Guaranteed student loans \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	19,117	22,267
Commercial and industrial loans \| Guaranteed student loans \| Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	2,893	3,708
Commercial and industrial loans \| Guaranteed student loans \| 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	783	956
Commercial and industrial loans \| Guaranteed student loans \| 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	396	791
Commercial and industrial loans \| Guaranteed student loans \| Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,714	1,961
Commercial and industrial loans \| Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	4,078	3,003
Total Loans		3,003
Total loans	4,078
Commercial and industrial loans \| Consumer and other \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 4,078	$ 3,003

Loans and allowance for loan _7

Loans and allowance for loan losses - Impaired loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
With an allowance recorded
Recorded Investment	$ 344	$ 413
Unpaid Principal Balance	344	413
Related Allowance	10	11
Total
Recorded Investment	7,567	9,243
Unpaid Principal Balance	7,666	9,426
Related Allowance	10	11
Commercial real estate
With no related allowance recorded
Recorded Investment	4,723	6,234
Unpaid Principal Balance	4,738	6,249
With an allowance recorded
Recorded Investment	255	267
Unpaid Principal Balance	255	267
Related Allowance	3	4
Total
Recorded Investment	4,978	6,501
Unpaid Principal Balance	4,993	6,516
Related Allowance	3	4
Commercial real estate \| Owner occupied
With no related allowance recorded
Recorded Investment	4,134	4,776
Unpaid Principal Balance	4,149	4,791
With an allowance recorded
Recorded Investment	255	267
Unpaid Principal Balance	255	267
Related Allowance	3	4
Total
Recorded Investment	4,389	5,043
Unpaid Principal Balance	4,404	5,058
Related Allowance	3	4
Commercial real estate \| Non-owner occupied
With no related allowance recorded
Recorded Investment	589	1,458
Unpaid Principal Balance	589	1,458
Total
Recorded Investment	589	1,458
Unpaid Principal Balance	589	1,458
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Recorded Investment	2,411	2,411
Unpaid Principal Balance	2,495	2,579
With an allowance recorded
Recorded Investment	65	146
Unpaid Principal Balance	65	146
Related Allowance	6	7
Total
Recorded Investment	2,476	2,557
Unpaid Principal Balance	2,560	2,725
Related Allowance	6	7
Consumer real estate secured by 1-4 family residential \| Home equity lines
With no related allowance recorded
Recorded Investment	300	300
Unpaid Principal Balance	300	300
Total
Recorded Investment	300	300
Unpaid Principal Balance	300	300
Consumer real estate secured by 1-4 family residential \| First deed of trust
With no related allowance recorded
Recorded Investment	1,847	1,873
Unpaid Principal Balance	1,847	1,873
With an allowance recorded
Recorded Investment	65	146
Unpaid Principal Balance	65	146
Related Allowance	6	7
Total
Recorded Investment	1,912	2,019
Unpaid Principal Balance	1,912	2,019
Related Allowance	6	7
Consumer real estate secured by 1-4 family residential \| Second deed of trust
With no related allowance recorded
Recorded Investment	264	238
Unpaid Principal Balance	348	406
Total
Recorded Investment	264	238
Unpaid Principal Balance	348	406
Commercial and industrial loans
With no related allowance recorded
Recorded Investment	7,223	8,830
Unpaid Principal Balance	7,322	9,013
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Recorded Investment	89	185
Unpaid Principal Balance	89	185
Total
Recorded Investment	89	185
Unpaid Principal Balance	89	$ 185
Consumer and other
With an allowance recorded
Recorded Investment	24
Unpaid Principal Balance	24
Related Allowance	1
Total
Recorded Investment	24
Unpaid Principal Balance	24
Related Allowance	$ 1

Loans and allowance for loan _8

Loans and allowance for loan losses - Average recorded investment in impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Commercial real estate
With no related allowance recorded
Average Recorded Investment	$ 5,391	$ 5,594
Interest Income Recognized	38	129
With an allowance recorded
Average Recorded Investment	259	261
Interest Income Recognized	4	11
Total
Average Recorded Investment	5,650	5,855
Interest Income Recognized	42	140
Commercial real estate \| Owner occupied
With no related allowance recorded
Average Recorded Investment	4,352	4,450
Interest Income Recognized	34	100
With an allowance recorded
Average Recorded Investment	259	261
Interest Income Recognized	4	11
Total
Average Recorded Investment	4,611	4,711
Interest Income Recognized	38	111
Commercial real estate \| Non-owner occupied
With no related allowance recorded
Average Recorded Investment	1,039	1,144
Interest Income Recognized	4	29
Total
Average Recorded Investment	1,039	1,144
Interest Income Recognized	4	29
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Average Recorded Investment	2,253	2,358
Interest Income Recognized	32	89
With an allowance recorded
Average Recorded Investment	181	173
Interest Income Recognized	3	7
Total
Average Recorded Investment	2,434	2,531
Interest Income Recognized	35	96
Consumer real estate secured by 1-4 family residential \| Home equity lines
With no related allowance recorded
Average Recorded Investment	100	300
Interest Income Recognized	6	21
Total
Average Recorded Investment	100	300
Interest Income Recognized	6	21
Consumer real estate secured by 1-4 family residential \| First deed of trust
With no related allowance recorded
Average Recorded Investment	1,816	1,830
Interest Income Recognized	23	60
With an allowance recorded
Average Recorded Investment	116	124
Interest Income Recognized		4
Total
Average Recorded Investment	1,932	1,954
Interest Income Recognized	23	64
Consumer real estate secured by 1-4 family residential \| Second deed of trust
With no related allowance recorded
Average Recorded Investment	337	228
Interest Income Recognized	3	8
With an allowance recorded
Average Recorded Investment	65	49
Interest Income Recognized	3	3
Total
Average Recorded Investment	402	277
Interest Income Recognized	6	11
Commercial and industrial loans
With no related allowance recorded
Average Recorded Investment	7,763	8,088
Interest Income Recognized	72	221
With an allowance recorded
Average Recorded Investment	452	440
Interest Income Recognized	7	18
Total
Average Recorded Investment	8,215	8,528
Interest Income Recognized	79	239
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Average Recorded Investment	119	136
Interest Income Recognized	2	3
Total
Average Recorded Investment	119	136
Interest Income Recognized	2	3
Consumer and other
With an allowance recorded
Average Recorded Investment	12	6
Total
Average Recorded Investment	$ 12	$ 6

Loans and allowance for loan _9

Loans and allowance for loan losses - Nonaccrual TDRs and the related specific valuation allowance by portfolio segment (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 loan	Dec. 31, 2021 USD ($) loan
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 5,240		$ 6,485
Number of Loans \| loan	25	1	28
Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 9		$ 11
Number of Loans \| loan	2		3
Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 4,890		$ 5,734
Number of Loans \| loan	22		23
Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 350		$ 751
Number of Loans \| loan	3		5
Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	$ 3,708		$ 4,701
Commercial real estate \| Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	3		4
Commercial real estate \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	3,433		4,415
Commercial real estate \| Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	275		286
Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	1,513		1,765
Consumer real estate secured by 1-4 family residential \| Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	6		7
Consumer real estate secured by 1-4 family residential \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	1,457		1,319
Consumer real estate secured by 1-4 family residential \| Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	56		446
Owner occupied \| Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	3,119		3,243
Owner occupied \| Commercial real estate \| Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	3		4
Owner occupied \| Commercial real estate \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	3,119		3,243
Non-owner occupied \| Commercial real estate
Information concerning Troubled Debt Restructurings
Recorded Investment	589		1,458
Non-owner occupied \| Commercial real estate \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	314		1,172
Non-owner occupied \| Commercial real estate \| Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	275		286
First deed of trust \| Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	1,422		1,666
First deed of trust \| Consumer real estate secured by 1-4 family residential \| Specific Valuation Allowance
Information concerning Troubled Debt Restructurings
Recorded Investment	6		7
First deed of trust \| Consumer real estate secured by 1-4 family residential \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	1,422		1,279
First deed of trust \| Consumer real estate secured by 1-4 family residential \| Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment			387
Second deed of trust \| Consumer real estate secured by 1-4 family residential
Information concerning Troubled Debt Restructurings
Recorded Investment	91		99
Second deed of trust \| Consumer real estate secured by 1-4 family residential \| Performing Financing Receivable
Information concerning Troubled Debt Restructurings
Recorded Investment	35		40
Second deed of trust \| Consumer real estate secured by 1-4 family residential \| Nonperforming Financial Instruments
Information concerning Troubled Debt Restructurings
Recorded Investment	56		59
Commercial and industrial loans (except those secured by real estate) \| Commercial and industrial loans
Information concerning Troubled Debt Restructurings
Recorded Investment	19		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		$ 19

Loans and allowance for loan_10

Loans and allowance for loan losses - Information about TDRs (Details) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022 loan	Sep. 30, 2021 USD ($) loan	Dec. 31, 2021 loan
Information About Tdrs Identified During Period Line Items [Line Items]
Number of Loans \| loan	25	1	28
Pre-Modification Recorded Investment		$ 267
Post-Modification Recorded Investment		$ 267
First deed of trust \| Consumer Real Estate Secured By 1-4 Family Residential
Information About Tdrs Identified During Period Line Items [Line Items]
Number of Loans \| loan		1
Pre-Modification Recorded Investment		$ 267
Post-Modification Recorded Investment		$ 267

Loans and allowance for loan_11

Loans and allowance for loan losses - Allowance for loan losses (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance			$ 3,423,000
Provision for (Recovery of) Loan Losses	$ 100,000		(300,000)	$ (500,000)
Ending Balance	3,370,000		3,370,000		$ 3,423,000
Consumer Real Estate Secured By 1-4 Family Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance				269,000	269,000
Provision for (Recovery of) Loan Losses				(31,000)
Charge-offs				(84,000)
Recoveries				58,000
Ending Balance		$ 212,000		212,000
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance			451,000
Ending Balance	82,000		82,000		451,000
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	228,000	269,000	286,000	499,000	499,000
Provision for (Recovery of) Loan Losses	16,000	38,000	(42,000)	(192,000)	(213,000)
Ending Balance	244,000	307,000	244,000	307,000	286,000
Construction and land development \| Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	57,000	66,000	57,000	214,000	214,000
Provision for (Recovery of) Loan Losses	12,000	10,000	12,000	(138,000)	(157,000)
Ending Balance	69,000	76,000	69,000	76,000	57,000
Construction and land development \| Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	171,000	203,000	229,000	285,000	285,000
Provision for (Recovery of) Loan Losses	4,000	28,000	(54,000)	(54,000)	(56,000)
Ending Balance	175,000	231,000	175,000	231,000	229,000
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	2,187,000	1,898,000	1,953,000	2,517,000	2,517,000
Provision for (Recovery of) Loan Losses	29,000	89,000	263,000	(544,000)	(578,000)
Recoveries				14,000	14,000
Ending Balance	2,216,000	1,987,000	2,216,000	1,987,000	1,953,000
Commercial real estate \| Owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	868,000	802,000	833,000	1,047,000	1,047,000
Provision for (Recovery of) Loan Losses	7,000	58,000	42,000	(187,000)	(214,000)
Ending Balance	875,000	860,000	875,000	860,000	833,000
Commercial real estate \| Non-owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	1,267,000	1,059,000	1,083,000	1,421,000	1,421,000
Provision for (Recovery of) Loan Losses	40,000	30,000	224,000	(346,000)	(352,000)
Recoveries				14,000	14,000
Ending Balance	1,307,000	1,089,000	1,307,000	1,089,000	1,083,000
Commercial real estate \| Multifamily
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	50,000	35,000	35,000	47,000	47,000
Provision for (Recovery of) Loan Losses	(17,000)	1,000	(2,000)	(11,000)	(12,000)
Ending Balance	33,000	36,000	33,000	36,000	35,000
Commercial real estate \| Farmland
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	2,000	2,000	2,000	2,000	2,000
Provision for (Recovery of) Loan Losses	(1,000)		(1,000)
Ending Balance	1,000	2,000	1,000	2,000	2,000
Commercial real estate \| Home equity lines
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	12,000		12,000	24,000	24,000
Provision for (Recovery of) Loan Losses			(58,000)	(23,000)	(23,000)
Recoveries			58,000	10,000	11,000
Ending Balance	12,000	11,000	12,000	11,000	12,000
Commercial real estate \| Consumer Real Estate Secured By 1-4 Family Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance			182,000	269,000	269,000
Provision for (Recovery of) Loan Losses					(76,000)
Charge-offs					(84,000)
Recoveries					73,000
Ending Balance					182,000
Commercial real estate \| First deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	114,000
Provision for (Recovery of) Loan Losses	13,000
Recoveries	2,000
Ending Balance	129,000		129,000
Commercial real estate \| Second deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	49,000
Provision for (Recovery of) Loan Losses	(11,000)
Charge-offs	(27,000)
Recoveries	27,000
Ending Balance	38,000		38,000
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	175,000	196,000	182,000
Provision for (Recovery of) Loan Losses	2,000	(6,000)	(368,000)
Charge-offs	(27,000)		(27,000)
Recoveries	29,000	22,000	392,000
Ending Balance	179,000	212,000	179,000	212,000	182,000
Consumer real estate secured by 1-4 family residential \| Home equity lines
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance		11,000	12,000
Ending Balance	12,000	11,000	12,000	11,000	12,000
Consumer real estate secured by 1-4 family residential \| First deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance		113,000	123,000	166,000	166,000
Provision for (Recovery of) Loan Losses		(3,000)	2,000	(65,000)	(54,000)
Recoveries		1,000	4,000	10,000	11,000
Ending Balance	129,000	111,000	129,000	111,000	123,000
Consumer real estate secured by 1-4 family residential \| Second deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance		72,000	47,000	79,000	79,000
Provision for (Recovery of) Loan Losses		(3,000)	(312,000)	57,000	1,000
Charge-offs			(27,000)	(84,000)	(84,000)
Recoveries		21,000	330,000	38,000	51,000
Ending Balance	38,000	90,000	38,000	90,000	47,000
Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	3,423,000	3,429,000	3,423,000	3,970,000	3,970,000
Provision for (Recovery of) Loan Losses	100,000		(300,000)	(500,000)	(500,000)
Charge-offs	(187,000)	(11,000)	(209,000)	(126,000)	(165,000)
Recoveries	34,000	25,000	456,000	99,000	118,000
Ending Balance	3,370,000	3,443,000	3,370,000	3,443,000	3,423,000
Commercial and industrial loans \| Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	533,000	422,000	486,000	408,000	408,000
Provision for (Recovery of) Loan Losses	201,000	55,000	189,000	45,000	47,000
Charge-offs	(157,000)		(157,000)
Recoveries	5,000	3,000	64,000	27,000	31,000
Ending Balance	582,000	480,000	582,000	480,000	486,000
Commercial and industrial loans \| Guaranteed student loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	60,000	80,000	65,000	87,000	87,000
Provision for (Recovery of) Loan Losses	9,000	1,000	26,000	7,000	13,000
Charge-offs	(2,000)	(11,000)	(24,000)	(24,000)	(35,000)
Ending Balance	67,000	70,000	67,000	70,000	65,000
Commercial and industrial loans \| Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	45,000	36,000	29,000	36,000	36,000
Provision for (Recovery of) Loan Losses	(7,000)	(4,000)	9,000	14,000	39,000
Charge-offs	(1,000)		(1,000)	(18,000)	(46,000)
Ending Balance	37,000	32,000	37,000	32,000	29,000
Commercial and industrial loans \| Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning Balance	195,000	528,000	422,000	154,000	154,000
Provision for (Recovery of) Loan Losses	(150,000)	(173,000)	(377,000)	201,000	268,000
Ending Balance	$ 45,000	$ 355,000	$ 45,000	$ 355,000	$ 422,000

Loans and allowance for loan_12

Loans and allowance for loan losses - Loans evaluated for impairment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	$ 3,370		$ 3,423
Allowance Individually Evaluated for Impairment	10					$ 11
Allowance Collectively Evaluated for Impairment	3,360					3,412
Loans Ending Balance	540,683		526,457			526,457
Loans Individually Evaluated for Impairment	7,567					9,243
Loans Collectively Evaluated for Impairment	533,116					517,214
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	244	$ 228	286	$ 307	$ 269	499
Allowance Collectively Evaluated for Impairment	244					286
Loans Ending Balance	40,546		49,149			49,149
Loans Collectively Evaluated for Impairment	40,546					49,149
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	2,216	2,187	1,953	1,987	1,898	2,517
Allowance Individually Evaluated for Impairment	3					4
Allowance Collectively Evaluated for Impairment	2,213					1,949
Loans Ending Balance	289,921		255,537			255,537
Loans Individually Evaluated for Impairment	4,978					6,501
Loans Collectively Evaluated for Impairment	284,943					249,036
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	179	175	182	212	196
Allowance Individually Evaluated for Impairment	6					7
Allowance Collectively Evaluated for Impairment	173					175
Loans Ending Balance	92,525		92,372			92,372
Loans Individually Evaluated for Impairment	2,476					2,557
Loans Collectively Evaluated for Impairment	90,049					89,815
Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	3,370	3,423	3,423	3,443	3,429	3,970
Residential \| Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	69	57	57	76	66	214
Allowance Collectively Evaluated for Impairment	69					57
Loans Ending Balance	8,437		6,805			6,805
Loans Collectively Evaluated for Impairment	8,437					6,805
Commercial \| Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	175	171	229	231	203	285
Allowance Collectively Evaluated for Impairment	175					229
Loans Ending Balance	32,109		42,344			42,344
Loans Collectively Evaluated for Impairment	32,109					42,344
Owner occupied \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	875	868	833	860	802	1,047
Allowance Individually Evaluated for Impairment	3					4
Allowance Collectively Evaluated for Impairment	872					829
Loans Ending Balance	122,067		113,108			113,108
Loans Individually Evaluated for Impairment	4,389					5,043
Loans Collectively Evaluated for Impairment	117,678					108,065
Non-owner occupied \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	1,307	1,267	1,083	1,089	1,059	1,421
Allowance Collectively Evaluated for Impairment	1,307					1,083
Loans Ending Balance	155,981		129,786			129,786
Loans Individually Evaluated for Impairment	589					1,458
Loans Collectively Evaluated for Impairment	155,392					128,328
Multifamily \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	33	50	35	36	35	47
Allowance Collectively Evaluated for Impairment	33					35
Loans Ending Balance	11,309		11,666			11,666
Loans Collectively Evaluated for Impairment	11,309					11,666
Farmland \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	1	2	2	2	2	2
Allowance Collectively Evaluated for Impairment	1					2
Loans Ending Balance	564		977			977
Loans Collectively Evaluated for Impairment	564					977
Home equity lines \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	12	12	12	11		24
Home equity lines \| Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	12		12	11	11
Allowance Collectively Evaluated for Impairment	12					12
Loans Ending Balance	19,891		17,977			17,977
Loans Individually Evaluated for Impairment	300					300
Loans Collectively Evaluated for Impairment	19,591					17,677
First deed of trust \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	129	114
First deed of trust \| Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	129		123	111	113	166
Allowance Individually Evaluated for Impairment	6					7
Allowance Collectively Evaluated for Impairment	123					116
Loans Ending Balance	65,704		62,277			62,277
Loans Individually Evaluated for Impairment	1,912					2,019
Loans Collectively Evaluated for Impairment	63,792					60,258
Second deed of trust \| Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	38	49
Second deed of trust \| Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	38		47	90	72	79
Allowance Collectively Evaluated for Impairment	38					47
Loans Ending Balance	6,930		12,118			12,118
Loans Individually Evaluated for Impairment	264					238
Loans Collectively Evaluated for Impairment	6,666					11,880
Commercial and industrial loans (except those secured by real estate) \| Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	582	533	486	480	422	408
Allowance Collectively Evaluated for Impairment	582					486
Loans Ending Balance	91,603		100,421			100,421
Loans Individually Evaluated for Impairment	89					185
Loans Collectively Evaluated for Impairment	91,514					100,236
Guaranteed student loans \| Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	67	60	65	70	80	87
Allowance Collectively Evaluated for Impairment	67					65
Loans Ending Balance	22,010		25,975			25,975
Loans Collectively Evaluated for Impairment	22,010					25,975
Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	82		451
Allowance Individually Evaluated for Impairment	1
Allowance Collectively Evaluated for Impairment	81					451
Loans Ending Balance	4,078					3,003
Loans Individually Evaluated for Impairment	24
Loans Collectively Evaluated for Impairment	4,054					3,003
Consumer and other \| Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Allowance Ending Balance	37	$ 45	29	$ 32	$ 36	$ 36
Loans Ending Balance	$ 4,078		$ 3,003

Loans and allowance for loan_13

Loans and allowance for loan losses - Additional Information (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($) loan	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan amount	$ 537,905,000	$ 537,905,000		$ 537,905,000		$ 522,601,000
Defaults on TDRs that were modified as TDRs \| loan				0	0
Recovery of loan losses	100,000	(300,000)	$ (500,000)
Loans and leases receivable, allowance	3,370,000	3,370,000		$ 3,370,000		3,423,000
Asset Pledged as Collateral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	$ 35,822,000	$ 35,822,000		$ 35,822,000		35,510,000
Guaranteed student loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage Of Recovery Loss On Portfolio From Historical Experience	98%	98%		98%
Unallocated Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, allowance	$ 45,000	$ 45,000	$ 355,000	$ 45,000	$ 355,000	422,000
PPP Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan amount	$ 710,000	$ 710,000		$ 710,000		$ 32,601,000

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposit Liability [Line Items]
Demand accounts	$ 279,269	$ 268,804
Interest checking accounts	86,894	89,599
Money market accounts	193,642	187,942
Savings accounts	57,498	54,106
Other time deposits	45,873	56,620
Total	$ 667,819	$ 664,048
Percentage of individual deposits to deposit liability
Demand accounts (in hundredths)	41.80%	40.50%
Interest checking accounts(in hundredths)	13%	13.50%
Money market accounts (in hundredths)	29%	28.30%
Savings account (in hundredths)	8.60%	8.10%
Time deposits of $250,000 and over (in hundredths)	0.70%	1.10%
Other time deposits (in hundredths)	6.90%	8.50%
Total (in hundredths)	100%	100%
Geographic Distribution, Domestic [Member]
Deposit Liability [Line Items]
Time deposits of $250,000 and over	$ 4,643	$ 6,977

Borrowings - (Details)

Borrowings - (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank Stock	$ 373,000	$ 353,000
Long-term Federal Home Loan Bank Advances	0	$ 0
Line of Credit Facility, Remaining Borrowing Capacity	66,100,000
FHLB advances
Federal Home Loan Bank, Advances [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	23,300,000
Revolving Credit Facility [Member]
Federal Home Loan Bank, Advances [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	10,000,000
Secured Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	7,800,000
Line of Credit [Member]
Federal Home Loan Bank, Advances [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 25,000,000

Trust preferred securities (Det

Trust preferred securities (Details) - USD ($) $ in Thousands			9 Months Ended
	Sep. 20, 2007	Feb. 24, 2005	Sep. 30, 2022	Dec. 31, 2021
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)			5.60%
Maturity date			Mar. 15, 2035
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)			4.85%
Maturity date			Dec. 31, 2037
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 ($)		9 Months Ended
Subordinated Debt (Details) - USD ($)	Mar. 21, 2018	Sep. 30, 2022	Dec. 31, 2021
Proceeds from Issuance of Subordinated Long-term Debt	$ 5,539,000
Subordinated Debt.		$ 5,684,000	$ 5,660,000
Fixed-to-floating rate subordinated notes
Debt Instrument, Face Amount	$ 5,700,000
Debt Instrument, Maturity Date		Mar. 31, 2028
Interest Rate During First Period, Duration	5 years
Debt Instrument, Interest Rate, Stated Percentage	6.50%
LIBOR \| Fixed-to-floating rate subordinated notes
Debt Instrument, Basis Spread on Variable Rate	3.73%

Stock incentive plan - Options

Stock incentive plan - Options outstanding under company's stock incentive plan (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Options
Options outstanding, beginning of period	734	734
Granted	0	0
Forfeited	0	0
Exercised	(345)	0
Options outstanding, end of period	389	734
Options exercisable, end of period	389	734
Weighted Average Exercise Price
Options outstanding, beginning of period	$ 25.63	$ 25.63
Granted	0	0
Forfeited	0	0
Exercised	25.50	0
Options outstanding, end of period	25.74	25.63
Fair Value Per Share
Options outstanding, beginning of period	9.76	9.76
Granted	0	0
Forfeited	0	0
Exercised	9.76	0
Options outstanding, end of period	$ 9.76	$ 9.76
Intrinsic Value Options outstanding	$ 0	$ 0

Stock incentive plan - Non vest

Stock incentive plan - Non vested restricted stock award (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ending Balance	5,514	5,793
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance	23,734
Shares, Granted	3,341
Shares, Vested	(11,270)
Shares, Forfeited	(924)	0
Shares, Other	1,435
Ending Balance	16,316	17,077
Weighted-Average Grant-Date Fair-Value, Beginning Balance	$ 37.46
Weighted-Average Grant-Date Fair-Value, Granted	54.56
Weighted-Average Grant-Date Fair-Value, Vested	32.30
Weighted-Average Grant-Date Fair-Value, Forfeited	34.30
Weighted-Average Grant Date Fair Value, Other	32.32
Weighted-Average Grant-Date Fair-Value, Ending Balance	$ 44.25
Aggregate Intrinsic Value, Beginning Balance	$ 1,142,792
Aggregate Intrinsic Value, Granted	160,869
Aggregate Intrinsic Value, Vested	(542,651)
Aggregate Intrinsic Value, Forfeited	(44,491)
Aggregate Intrinsic Value, Other	69,095
Aggregate Intrinsic Value, Ending Balance	$ 785,615

Stock incentive plan - Addition

Stock incentive plan - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
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	5,514	5,793
Allocated Share-based Compensation Expense	$ 272,000	$ 218,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sharebased Compensation Arrangement by Sharebased Payment Award Payout Ratio	150%
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Sharebased Compensation Arrangement by Sharebased Payment Award Payout Ratio	0%
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	16,316	17,077	23,734
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 551,691	$ 437,600
Shares, Forfeited	924	0
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	3 years
Time Based Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 363,742
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 8 months 23 days
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	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%

Fair value - Recurring and non

Fair value - Recurring and non recurring basis (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 5,100	$ 5,100
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	5,076	5,141
IRLC	111	471
Forward sales commitment	113	651
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	60,577	40,999
Mortgage-backed securities	62,006	40,495
Municipals	1,545	2,209
Subordinated debt	8,875	9,246
Loans held for sale	5,076	5,141
IRLC	111	471
Forward sales commitment	113	651
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	1,500	1,750
Fair Value, Measurements, Recurring [Member] \| Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
US Government Agencies	60,577	40,999
Mortgage-backed securities	62,006	40,495
Municipals	1,545	2,209
Subordinated debt	10,375	10,996
Loans held for sale	5,076	5,141
IRLC	111	471
Forward sales commitment	$ 113	$ 651

Fair value - Carrying amounts a

Fair value - Carrying amounts and estimated fair value of the company's (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets
Investment securities available for sale, at fair value	$ 134,503	$ 94,699
Loans held for sale	5,100	5,100
Fair Value, Inputs, Level 1 [Member] \| Reported Value Measurement [Member]
Financial assets
Cash	20,393	12,071
Fair Value, Inputs, Level 1 [Member] \| Estimate of Fair Value Measurement [Member]
Financial assets
Cash	20,393	12,071
Fair Value, Inputs, Level 2 [Member] \| Reported Value Measurement [Member]
Financial assets
Cash equivalents	11,788	80,545
Investment securities available for sale, at fair value	133,003	92,949
Federal Home Loan Bank stock	373	353
Loans held for sale	5,076	5,141
Bank owned life insurance	12,718	12,494
Accrued interest receivable	3,341	3,245
Interest rate lock commitments	111	471
Financial liabilities
Deposits	667,819	664,048
Trust preferred securities	8,764	8,764
Other borrowings	5,684	5,660
Accrued interest payable	58	68
Forward sales commitment	113	651
Fair Value, Inputs, Level 2 [Member] \| Estimate of Fair Value Measurement [Member]
Financial assets
Cash equivalents	11,788	80,545
Investment securities available for sale, at fair value	133,003	92,949
Federal Home Loan Bank stock	373	353
Loans held for sale	5,076	5,141
Bank owned life insurance	12,718	12,494
Accrued interest receivable	3,341	3,245
Interest rate lock commitments	111	471
Financial liabilities
Deposits	667,512	663,898
Trust preferred securities	7,990	9,554
Other borrowings	5,684	5,660
Accrued interest payable	58	68
Forward sales commitment	113	651
Fair Value, Inputs, Level 3 [Member] \| Reported Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value	1,500	1,750
Loans	540,683	526,457
Fair Value, Inputs, Level 3 [Member] \| Estimate of Fair Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value	1,500	1,750
Loans	$ 518,727	$ 526,668

Segment Reporting - Segment inf

Segment Reporting - Segment information (Details)	3 Months Ended		9 Months Ended
Segment Reporting - Segment information (Details)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) segment	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments \| segment			2
Revenues
Interest income	$ 6,955,000	$ 6,921,000	$ 19,954,000	$ 20,923,000
Gain on sale of loans	1,350,000	2,704,000	4,018,000	9,608,000
Other revenues	859,000	891,000	2,775,000	2,679,000
Total revenues	9,164,000	10,516,000	26,747,000	33,210,000
Expenses
Recovery of provision for loan losses	100,000		(300,000)	(500,000)
Interest expense	420,000	492,000	1,238,000	1,728,000
Salaries and benefits	3,446,000	3,607,000	10,394,000	10,541,000
Commissions	459,000	736,000	1,405,000	2,405,000
Other expenses	2,078,000	2,030,000	6,397,000	6,156,000
Total operating expenses	6,503,000	6,865,000	19,134,000	20,330,000
Income (loss) before income taxes	2,661,000	3,651,000	7,613,000	12,880,000
Income tax expense (benefit)	508,000	752,000	1,470,000	2,790,000
Net income (loss)	2,153,000	2,899,000	6,143,000	10,090,000
Total assets	742,703,000	730,061,000	742,703,000	730,061,000	$ 748,401,000
Eliminations [Member]
Revenues
Interest income		(1,000)		(24,000)
Gain on sale of loans			0	0
Other revenues	(71,000)	(70,000)	(148,000)	(205,000)
Total revenues	(71,000)	(71,000)	(148,000)	(229,000)
Expenses
Recovery of provision for loan losses			0	0
Interest expense		(1,000)		(24,000)
Salaries and benefits			0	0
Commissions			0	0
Other expenses	(71,000)	(70,000)	(148,000)	(205,000)
Total operating expenses	(71,000)	(71,000)	(148,000)	(229,000)
Income (loss) before income taxes			0	0
Income tax expense (benefit)			0	0
Net income (loss)			0	0
Total assets	(30,649,000)	(22,967,000)	(30,649,000)	(22,967,000)
Commercial Banking
Revenues
Interest income	6,885,000	6,818,000	19,762,000	20,606,000
Gain on sale of loans			0	0
Other revenues	822,000	733,000	2,510,000	2,190,000
Total revenues	7,707,000	7,551,000	22,272,000	22,796,000
Expenses
Recovery of provision for loan losses	100,000		(300,000)	(500,000)
Interest expense	420,000	493,000	1,238,000	1,728,000
Salaries and benefits	2,646,000	2,632,000	7,900,000	7,274,000
Commissions			0	0
Other expenses	1,853,000	1,738,000	5,610,000	5,372,000
Total operating expenses	5,019,000	4,863,000	14,448,000	13,874,000
Income (loss) before income taxes	2,688,000	2,688,000	7,824,000	8,922,000
Income tax expense (benefit)	514,000	550,000	1,514,000	1,959,000
Net income (loss)	2,174,000	2,138,000	6,310,000	6,963,000
Total assets	755,071,000	733,611,000	755,071,000	733,611,000
Mortgage Banking
Revenues
Interest income	70,000	104,000	192,000	341,000
Gain on sale of loans	1,350,000	2,704,000	4,018,000	9,608,000
Other revenues	108,000	228,000	413,000	694,000
Total revenues	1,528,000	3,036,000	4,623,000	10,643,000
Expenses
Recovery of provision for loan losses			0	0
Interest expense				24,000
Salaries and benefits	800,000	975,000	2,494,000	3,267,000
Commissions	459,000	736,000	1,405,000	2,405,000
Other expenses	296,000	362,000	935,000	989,000
Total operating expenses	1,555,000	2,073,000	4,834,000	6,685,000
Income (loss) before income taxes	(27,000)	963,000	(211,000)	3,958,000
Income tax expense (benefit)	(6,000)	202,000	(44,000)	831,000
Net income (loss)	(21,000)	761,000	(167,000)	3,127,000
Total assets	$ 18,281,000	$ 19,417,000	$ 18,281,000	$ 19,417,000

Shareholders' Equity and Regu_3

Shareholders' Equity and Regulatory Matters - Accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Shareholders' Equity and Regulatory Matters
Net unrealized losses on securities	$ (11,547)	$ (717)
Net unrecognized losses on defined benefit plan	(21)	(27)
Total accumulated other comprehensive loss	$ (11,568)	$ (744)

Shareholders' Equity and Regu_4

Shareholders' Equity and Regulatory Matters - Capital amounts and ratios (Details)	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 01, 2019	Jan. 01, 2016
Total capital (to risk- weighted assets) Village Bank, Ratio
For Capital Adequacy Purposes (in percentage)	0.080
To be Well Capitalized (in percentage)	0.100
Tier 1 capital (to risk- weighted assets) Village Bank, Amount
To be Well Capitalized Amount	$ 0.080
Tier 1 capital (to risk-capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.060
Leverage ratio (Tier 1 capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.04
To be Well Capitalized (in percentage)	0.050
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
To Be Well Capitalized (in percentage)	0.065
Capital Conservation Buffer Percentage			2.50%	0.625%
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
Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.105
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
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
Leverage ratio (Tier 1 capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.040
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	$ 82,996,000	$ 77,547,000
Capital Required For Capital Adequacy Including Conservation Buffer	60,166,000	55,558,000
To be Well Capitalized Amount	$ 57,301,000	$ 52,912,000
Total capital (to risk- weighted assets) Village Bank, Ratio
Actual Ratio (in percentage)	0.1448	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)	0.100	0.100
Tier 1 capital (to risk- weighted assets) Village Bank, Amount
Actual Amount	$ 79,626,000	$ 74,124,000
Tier One Risk Based Capital Required For Capital Adequacy Including Conservation Buffer	48,706,000	44,975,000
To be Well Capitalized Amount	$ 45,841,000	$ 42,330,000
Tier 1 capital (to risk-capital to average assets), Ratio
Actual Ratio (in percentage)	0.1390	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)	0.080	0.080
Leverage ratio (Tier 1 capital to average assets), Amount
Actual Amount	$ 79,626,000	$ 74,124,000
Tier One Leverage Capital Required For Capital Adequacy Including Conservation Buffer	30,253,000	30,068,000
To be Well Capitalized Amount	$ 37,817,000	$ 37,585,000
Leverage ratio (Tier 1 capital to average assets), Ratio
Actual Ratio (in percentage)	0.1053	0.0986
For Capital Adequacy Purposes (in percentage)	0.0400	0.0400
To be Well Capitalized (in percentage)	0.050	0.050
Common equity (Tier 1 risk based capital to risk weighted assets), Amount
Actual Amount	$ 79,626,000	$ 74,124,000
Common Equity Tier One Capital Required For Capital Adequacy Including Conservation Buffer	40,111,000	37,038,000
To Be Well Capitalized Amount	$ 37,246,000	$ 34,393,000
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Actual Ratio (in percentage)	13.90%	14.01%
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)	0.065	0.065

Shareholders' Equity and Regu_5

Shareholders' Equity and Regulatory Matters - Additional Information (Details) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Deferred tax benefits	$ 159,000	$ 499,000
Village Financial Statutory Trust II [Member]
Deferred tax benefits	$ 3,075,000		$ 198,000

Commitments and contingencies_2

Commitments and contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 124,152	$ 126,356
Standby letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	557	4,680
Undisbursed credit lines
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	110,269	103,125
Commitments to extend or originate credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 13,326	$ 18,551

Mortgage Banking and Derivati_2

Mortgage Banking and Derivatives (Details)	Sep. 30, 2022 USD ($) position	Dec. 31, 2021 USD ($) position
Participating Mortgage Loans [Line Items]
Fair value of LHFS	$ 5,100,000	$ 5,100,000
Unpaid principal balance	5,100,000	5,000,000
Other Assets
Participating Mortgage Loans [Line Items]
Fair value of IRLC	111,000	471,000
IRLC notional amount	$ 13,300,000	$ 18,200,000
IRLC total positions \| position	45	67
Other Liabilities
Participating Mortgage Loans [Line Items]
Fair value of forward sales commitments	$ 113,000	$ 651,000
Forward sales commitments notional amount	$ 18,400,000	$ 24,300,000
Forward sales commitments total positions \| position	62	95