Village Bank and Trust Financial (VBFC) 10-Q 10 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 16, 2024
Document And Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		1,495,251
Entity Central Index Key	0001290476
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 13,073,000	$ 10,383,000
Federal funds sold	19,323,000	7,331,000
Total cash and cash equivalents	32,396,000	17,714,000
Investment securities available for sale, at fair value	82,784,000	105,585,000
Restricted stock, at cost	2,755,000	2,985,000
Loans held for sale	7,019,000	4,983,000
Loans
Allowance for credit losses	(3,574,000)	(3,423,000)
Loans
Outstandings	591,338,000	575,008,000
Allowance for credit losses	(3,574,000)	(3,423,000)
Deferred costs, net	750,000	803,000
Total loans, net	588,514,000	572,388,000
Premises and equipment, net	11,773,000	11,760,000
Bank owned life insurance	13,198,000	13,120,000
Accrued interest receivable	3,531,000	3,827,000
Other assets	4,902,000	4,254,000
Total Assets	746,872,000	736,616,000
Deposits
Noninterest bearing demand	230,118,000	247,624,000
Interest bearing	390,151,000	357,721,000
Total deposits	620,269,000	605,345,000
Long-term debt - trust preferred securities	8,764,000	8,764,000
Subordinated debt, net	5,700,000	5,700,000
Federal Home Loan Bank advances	40,000,000	45,000,000
Accrued interest payable	406,000	210,000
Other liabilities	3,375,000	4,041,000
Total liabilities	678,514,000	669,060,000
Shareholders' equity
Common stock, $4 par value, 10,000,000 shares authorized; 1,495,251 shares issued and outstanding at March 31, 2024 and 1,492,879 shares issued and outstanding at December 31, 2023	5,918,000	5,908,000
Additional paid-in capital	55,557,000	55,486,000
Retained earnings	13,278,000	11,775,000
Stock in directors rabbi trust	(439,000)	(467,000)
Directors deferred fees obligation	439,000	467,000
Accumulated other comprehensive loss	(6,395,000)	(5,613,000)
Total shareholders' equity	68,358,000	67,556,000
Total liabilities and shareholders' equity	$ 746,872,000	$ 736,616,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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)	1,495,251	1,492,879
Common stock, shares outstanding (in shares)	1,495,251	1,492,879

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Loans	$ 8,201	$ 6,762
Investment securities	932	727
Federal funds sold	202	94
Total interest income	9,335	7,583
Interest expense
Deposits	2,096	624
Borrowed funds	843	594
Total interest expense	2,939	1,218
Net interest income	6,396	6,365
Provision for credit losses, after ASU 2016-13	150
Net interest income after provision for credit losses	6,246	6,365
Noninterest income
Service charges and fees	641	669
Mortgage banking income, net	850	478
Other	113	109
Total noninterest income (loss)	1,604	1,256
Noninterest expense
Salaries and benefits	3,464	3,448
Occupancy	332	311
Equipment	278	285
Supplies	49	49
Data processing	439	440
Professional and outside services	418	372
Advertising and marketing	83	111
FDIC insurance premium	92	50
Other operating expense	474	690
Total noninterest expense	5,629	5,756
Income before income tax expense	2,221	1,865
Income tax expense	449	325
Net income	$ 1,772	$ 1,540
Earnings (loss) per share, basic	$ 1.19	$ 1.04
Earnings (loss) per share, diluted	$ 1.19	$ 1.04

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Comprehensive Income (Loss)
Net income (loss)	$ 1,772	$ 1,540
Other comprehensive income (loss)
Unrealized holding gains arising during the period	(990)	1,876
Tax effect	208	(394)
Net change in unrealized holding gains on securities available for sale, net of tax	(782)	1,482
Minimum pension adjustment		3
Tax effect		(1)
Minimum pension adjustment, net of tax		2
Total other comprehensive (loss) income	(782)	1,484
Total comprehensive income	$ 990	$ 3,024

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings Adoption of ASC 326	Retained Earnings	Stock in Directors Rabbi Trust	Directors Deferred Fees Obligation.	Accumulated Other Comprehensive Income (Loss)	Adoption of ASC 326	Total
Balance at Dec. 31, 2022	$ 5,868	$ 55,167		$ 10,957	$ (689)	$ 689	$ (10,881)		$ 61,111
Restricted stock redemption					94	(94)
Vesting of restricted stock	13	(13)
Stock based compensation		102							102
Cash dividend declared				(237)					(237)
Net income (loss)				1,540					1,540
Other comprehensive income/loss							1,484		1,484
Balance at Mar. 31, 2023	5,881	55,256		12,141	(595)	595	(9,397)		63,881
Impact of adoption of ASC 326			$ (119)					$ (119)
Balance at Dec. 31, 2023	5,908	55,486		11,775	(467)	467	(5,613)		67,556
Restricted stock redemption					28	(28)
Vesting of restricted stock	10	(10)
Stock based compensation		81							81
Cash dividend declared				(269)					(269)
Net income (loss)				1,772					1,772
Other comprehensive income/loss							(782)		(782)
Balance at Mar. 31, 2024	$ 5,918	$ 55,557		$ 13,278	$ (439)	$ 439	$ (6,395)		$ 68,358

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Consolidated Statements of Shareholders' Equity
Cash dividends declared, per share	$ 0.18	$ 0.16

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash Flows from Operating Activities
Net income (loss)	$ 1,772	$ 1,540
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	163	140
Amortization of debt issuance costs		8
Deferred income taxes	(32)	59
Provision for credit losses	150
Gain on sales of loans held for sale	(514)	(611)
Stock compensation expense	81	102
Proceeds from sale of mortgage loans	19,954	25,187
Origination of mortgage loans held for sale	(21,476)	(24,160)
Amortization of premiums and accretion of discounts on securities, net	(69)	(39)
Increase in bank owned life insurance	(78)	(68)
Net change in:
Interest receivable	296	77
Other assets	(408)	(615)
Interest payable	196	142
Other liabilities	(679)	334
Net cash (used in) provided by operating activities	(644)	2,096
Cash Flows from Investing Activities
Purchases of available for sale securities		(2,652)
Proceeds from the sale of available-for-sale securities	0	0
Proceeds from maturities, calls and paydowns of available for sale securities	21,880	2,467
Net increase in loans	(16,263)	(1,667)
Purchases of premises and equipment, net	(176)	(198)
Purchase of restricted stock, net	230	(626)
Net cash provided by (used in) investing activities	5,671	(2,676)
Cash Flows from Financing Activities
Cash dividends paid	(269)	(237)
Net increase (decrease) in deposits	14,924	(6,727)
Net (decrease) increase in other borrowings	(5,000)	15,000
Net cash provided by financing activities	9,655	8,036
Net increase in cash and cash equivalents	14,682	7,456
Cash and cash equivalents, beginning of period	17,714	16,678
Cash and cash equivalents, end of period	32,396	24,134
Supplemental Disclosure of Cash Flow Information
Cash payments for interest	2,743	1,076
Cash payments for taxes		168
Supplemental Schedule of Non-Cash Activities
Unrealized (losses) gains on securities available for sale	$ (990)	1,876
Minimum pension adjustment		$ 3

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2024
Summary of Significant Accounting Policies
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-month period ended March 31, 2024 are not necessarily indicative of the results to be expected for the full year ending December 31, 2024. 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, 2023 as filed with the Securities and Exchange Commission (“SEC”).

Use of estimates

Use of estimates	3 Months Ended
	Mar. 31, 2024
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 credit losses and its related provision including collateral dependent loans.

Earnings per common share

Earnings per common share	3 Months Ended
	Mar. 31, 2024
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 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 2023 Numerator ​ ​ ​ Net income - basic and diluted ​ $ 1,772 ​ $ 1,540 ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ Weighted average shares outstanding - basic ​ 1,493 ​ 1,484 Dilutive effect of common stock options ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ 1,493 ​ 1,484 ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.19 ​ $ 1.04 Earnings per share - diluted ​ $ 1.19 ​ $ 1.04 ​ 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 10,252 and 10,658 of the unvested restricted units at March 31, 2024 and 2023, respectively, included in Note 10 “Stock incentive plan” was dependent upon meeting certain performance criteria. As of March 31, 2024 and 2023, 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	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 695 ​ $ — ​ $ (17) ​ $ 678 Mortgage-backed securities ​ 75,706 ​ 261 ​ (6,060) ​ 69,907 Municipals ​ ​ 2,263 ​ ​ — ​ ​ (611) ​ ​ 1,652 Subordinated debt ​ 12,202 ​ 29 ​ (1,684) ​ 10,547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,866 ​ $ 290 ​ $ (8,372) ​ $ 82,784 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 20,690 ​ $ — ​ $ (75) ​ $ 20,615 Mortgage-backed securities ​ 77,275 ​ 643 ​ (5,381) ​ 72,537 Municipals ​ ​ 2,264 ​ ​ — ​ ​ (608) ​ ​ 1,656 Subordinated debt ​ 12,449 ​ 30 ​ (1,702) ​ 10,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 112,678 ​ $ 673 ​ $ (7,766) ​ $ 105,585 ​ The Company had investment securities with a fair value of $575,000 and $24,926,000 pledged to secure borrowings from the Federal Home Loan Bank of Atlanta ("FHLB") at March 31, 2024 and December 31, 2023, respectively. There were no sales of available for sale securities for the three months ended March 31, 2024 and 2023. Investment securities available for sale that have an unrealized loss position at March 31, 2024 and December 31, 2023 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 March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 322 ​ $ (1) ​ $ 356 ​ ​ (16) ​ $ 678 ​ $ (17) Mortgage-backed securities ​ ​ 10,224 ​ ​ (100) ​ ​ 31,221 ​ ​ (5,960) ​ ​ 41,445 ​ ​ (6,060) Municipals ​ ​ — ​ ​ — ​ ​ 1,652 ​ ​ (611) ​ ​ 1,652 ​ ​ (611) Subordinated debt ​ 2,789 ​ (443) ​ 7,060 ​ (1,241) ​ 9,849 ​ (1,684) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 13,335 ​ $ (544) ​ $ 40,289 ​ $ (7,828) ​ $ 53,624 ​ $ (8,372) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ — ​ $ — ​ $ 20,289 ​ $ (75) ​ $ 20,289 ​ $ (75) Mortgage-backed securities ​ 4,631 ​ (24) ​ 30,311 ​ (5,357) ​ 34,942 ​ (5,381) Municipals ​ ​ — ​ ​ — ​ ​ 1,656 ​ ​ (608) ​ ​ 1,656 ​ ​ (608) Subordinated debt ​ 4,145 ​ (587) ​ 5,937 ​ (1,115) ​ 10,082 ​ (1,702) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,776 ​ $ (611) ​ $ 58,193 ​ $ (7,155) ​ $ 66,969 ​ $ (7,766) ​ As of March 31, 2024, there were 60 investments available for sale totaling $53.6 million that were in a loss position and had an unrealized loss of $8.4 million. All of the unrealized losses are attributable to increases in interest rates and not to credit deterioration. Currently, the Company believes that it is probable that the Company will be able to collect all amounts due according to the contractual terms of the investments. Because the declines in fair value are attributable to changes in interest rates and not to credit quality, and because it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company has not recorded an allowance for credit losses on these investments at March 31, 2024. The amortized cost and estimated fair value of investment securities available for sale as of March 31, 2024, by contractual maturity, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Less than one year ​ $ — ​ $ — One to five years ​ ​ 10,834 ​ ​ 10,823 Five to ten years ​ 17,098 ​ 15,485 More than ten years ​ 62,934 ​ ​ 56,476 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 90,866 ​ $ 82,784 ​

Loans and allowance for loan lo

Loans and allowance for loan losses	3 Months Ended
	Mar. 31, 2024
Loans and allowance for credit losses
Loans and allowance for credit losses	Note 5 – Loans and allowance for credit losses Loans classified by type as of March 31, 2024 and December 31, 2023 are as follows (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amount % Amount % ​ Construction and land development ​ ​ ​ Residential ​ $ 9,077 1.53 % $ 10,471 1.82 % Commercial ​ 34,437 5.83 % 37,024 6.44 % ​ ​ 43,514 7.36 % 47,495 8.26 % Commercial real estate ​ ​ ​ Owner occupied ​ 121,429 20.53 % 122,666 21.33 % Non-owner occupied ​ 165,508 27.99 % 154,855 26.93 % Multifamily ​ 18,254 3.09 % 12,743 2.22 % Farmland ​ 24 0.00 % 326 0.06 % ​ ​ 305,215 51.61 % 290,590 50.54 % Consumer real estate ​ ​ ​ Home equity lines ​ 21,682 3.67 % 21,557 3.75 % Secured by 1-4 family residential, ​ ​ ​ First deed of trust ​ 95,994 16.23 % 95,638 16.63 % Second deed of trust ​ 11,955 2.02 % 11,337 1.97 % ​ ​ 129,631 21.92 % 128,532 22.35 % Commercial and industrial loans ​ ​ ​ (except those secured by real estate) ​ 92,600 15.66 % 86,203 14.99 % Guaranteed student loans ​ 15,782 2.67 % 17,923 3.12 % Consumer and other ​ 4,596 0.78 % 4,265 0.74 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ 591,338 100.0 % 575,008 100.0 % Deferred and costs, net ​ 750 ​ ​ 803 ​ ​ Less: allowance for credit losses ​ (3,574) ​ ​ (3,423) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 588,514 ​ ​ ​ $ 572,388 ​ ​ ​ ​ 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. Loans pledged as collateral with the FHLB as part of their lending arrangement with the Company totaled $54.8 million and $35.5 million as of March 31, 2024, and December 31, 2023, 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. 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): ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 Consumer real estate ​ ​ Secured by 1-4 family residential ​ ​ First deed of trust ​ $ 159 ​ $ 160 Second deed of trust ​ 100 ​ 105 ​ ​ 259 ​ 265 Commercial and industrial loans ​ ​ (except those secured by real estate) ​ 22 ​ 26 ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 281 ​ $ 291 ​ There were no individual allowances associated with the total nonaccrual loans of $281,000 and $291,000 at March 31, 2024 and December 31, 2023, respectively, that were considered collateral dependent. ​ The Company recognized $7,000 of interest on nonaccrual loans outstanding as of March 31, 2024. ​ Management considers the guidance in Accounting Standards Codification (“ASC”) 310-20 when determining whether a modification, extension, or renewal of loan constitutes a current period origination. Generally, current period renewals of credit are reunderwritten at the point of renewal and considered current period originations for purposes of the table below. ​ As of March 31, 2024, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ ​ 2020 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 876 ​ $ 5,656 ​ $ 2,206 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Residential ​ $ 876 ​ $ 5,656 ​ $ 2,206 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 692 ​ ​ 6,649 ​ ​ 14,193 ​ ​ 10,331 ​ ​ 224 ​ ​ 1,081 ​ ​ 1,267 ​ ​ — ​ ​ 34,437 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial ​ $ 692 ​ $ 6,649 ​ $ 14,193 ​ $ 10,331 ​ $ 224 ​ $ 1,081 ​ $ 1,267 ​ $ — ​ $ 34,437 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 666 ​ ​ 12,518 ​ ​ 21,638 ​ ​ 19,149 ​ ​ 9,276 ​ ​ 52,199 ​ ​ 574 ​ ​ — ​ ​ 116,020 Special Mention ​ ​ — ​ ​ — ​ ​ 200 ​ ​ 71 ​ ​ 461 ​ ​ 4,677 ​ ​ — ​ ​ — ​ ​ 5,409 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Owner occupied ​ $ 666 ​ $ 12,518 ​ $ 21,838 ​ $ 19,220 ​ $ 9,737 ​ $ 56,876 ​ $ 574 ​ $ — ​ $ 121,429 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 6,692 ​ ​ 9,425 ​ ​ 25,419 ​ ​ 28,243 ​ ​ 23,337 ​ ​ 57,626 ​ ​ 9,856 ​ ​ — ​ ​ 160,598 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,160 ​ ​ — ​ ​ 2,750 ​ ​ — ​ ​ — ​ ​ 4,910 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Non-owner occupied ​ $ 6,692 ​ $ 9,425 ​ $ 25,419 ​ $ 30,403 ​ $ 23,337 ​ $ 60,376 ​ $ 9,856 ​ $ — ​ $ 165,508 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 5,250 ​ ​ 1,300 ​ ​ — ​ ​ 2,434 ​ ​ 542 ​ ​ 6,857 ​ ​ 1,871 ​ ​ — ​ ​ 18,254 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Multifamily ​ $ 5,250 ​ $ 1,300 ​ $ — ​ $ 2,434 ​ $ 542 ​ $ 6,857 ​ $ 1,871 ​ $ — ​ $ 18,254 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ — ​ ​ — ​ ​ 24 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Farmland ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24 ​ $ — ​ $ — ​ $ 24 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ 445 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,162 ​ ​ — ​ ​ 21,607 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Home equity lines ​ $ — ​ $ — ​ $ 445 ​ $ — ​ $ — ​ $ — ​ $ 21,237 ​ $ — ​ $ 21,682 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,330 ​ ​ 32,416 ​ ​ 14,608 ​ ​ 14,152 ​ ​ 8,006 ​ ​ 19,985 ​ ​ 2,124 ​ ​ — ​ ​ 95,621 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 214 ​ ​ — ​ ​ — ​ ​ 214 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 159 ​ ​ — ​ ​ — ​ ​ 159 Total First deed of trust ​ $ 4,330 ​ $ 32,416 ​ $ 14,608 ​ $ 14,152 ​ $ 8,006 ​ $ 20,358 ​ $ 2,124 ​ $ — ​ $ 95,994 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Second deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 593 ​ ​ 4,485 ​ ​ 3,088 ​ ​ 1,009 ​ ​ 388 ​ ​ 1,572 ​ ​ 522 ​ ​ — ​ ​ 11,657 Special Mention ​ ​ 88 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 110 ​ ​ — ​ ​ — ​ ​ 198 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 100 ​ ​ — ​ ​ — ​ ​ 100 Total Second deed of trust ​ $ 681 ​ $ 4,485 ​ $ 3,088 ​ $ 1,009 ​ $ 388 ​ $ 1,782 ​ $ 522 ​ $ ​ ​ $ 11,955 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 6,036 ​ ​ 18,185 ​ ​ 15,095 ​ ​ 13,837 ​ ​ 5,313 ​ ​ 5,903 ​ ​ 27,757 ​ ​ — ​ ​ 92,126 Special Mention ​ ​ — ​ ​ 34 ​ ​ — ​ ​ — ​ ​ — ​ ​ 49 ​ ​ 369 ​ ​ — ​ ​ 452 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 ​ ​ — ​ ​ — ​ ​ 22 Total Commercial and industrial ​ $ 6,036 ​ $ 18,219 ​ $ 15,095 ​ $ 13,837 ​ $ 5,324 ​ $ 5,963 ​ $ 28,126 ​ $ — ​ $ 92,600 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Guaranteed student loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 15,782 ​ ​ — ​ ​ — ​ ​ 15,782 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Guaranteed student loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 15,782 ​ $ — ​ $ — ​ $ 15,782 Current period gross writeoff ​ $ 6 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 242 ​ ​ 424 ​ ​ 403 ​ ​ 107 ​ ​ 38 ​ ​ 22 ​ ​ 3,360 ​ ​ — ​ ​ 4,596 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer and other ​ $ 242 ​ $ 424 ​ $ 403 ​ $ 107 ​ $ 38 ​ $ 22 ​ $ 3,360 ​ $ ​ ​ $ 4,596 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total Current period gross writeoff ​ $ 6 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total loans ​ $ 25,465 ​ $ 91,092 ​ $ 97,295 ​ $ 91,832 ​ $ 47,596 ​ $ 169,121 ​ $ 68,937 ​ $ — ​ $ 591,338 ​ 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 March 31, 2024 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 ​ $ 9,077 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 34,437 ​ 34,437 ​ — ​ ​ — ​ — ​ — ​ — ​ 43,514 ​ 43,514 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 121,429 ​ 121,429 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 165,508 ​ 165,508 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 18,254 ​ 18,254 ​ — Farmland ​ — ​ — ​ — ​ — ​ 24 ​ 24 ​ — ​ ​ — ​ — ​ — ​ — ​ 305,215 ​ 305,215 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 247 ​ — ​ — ​ 247 ​ 21,435 ​ 21,682 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 174 ​ — ​ — ​ 174 ​ 95,820 ​ 95,994 ​ — Second deed of trust ​ — ​ — ​ — ​ — ​ 11,955 ​ 11,955 ​ — ​ ​ 421 ​ — ​ — ​ 421 ​ 129,210 ​ 129,631 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 719 ​ 49 ​ 375 ​ 1,143 ​ 91,457 ​ 92,600 ​ 375 Guaranteed student loans ​ 588 ​ 342 ​ 2,200 ​ 3,130 ​ 12,652 ​ 15,782 ​ 2,200 Consumer and other ​ — ​ — ​ — ​ — ​ 4,596 ​ 4,596 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,728 ​ $ 391 ​ $ 2,575 ​ $ 4,694 ​ $ 586,644 ​ $ 591,338 ​ $ 2,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 ​ $ 10,471 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 37,024 ​ 37,024 ​ — ​ ​ — ​ — ​ — ​ — ​ 47,495 ​ 47,495 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 122,666 ​ 122,666 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 154,855 ​ 154,855 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 12,743 ​ 12,743 ​ — Farmland ​ — ​ — ​ — ​ — ​ 326 ​ 326 ​ — ​ ​ — ​ — ​ — ​ — ​ 290,590 ​ 290,590 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 83 ​ 25 ​ — ​ 108 ​ 21,449 ​ 21,557 ​ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 95,638 ​ 95,638 ​ — Second deed of trust ​ 33 ​ — ​ — ​ 33 ​ 11,304 ​ 11,337 ​ — ​ ​ 116 ​ 25 ​ — ​ 141 ​ 128,391 ​ 128,532 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ — ​ — ​ — ​ — ​ 86,203 ​ 86,203 ​ — Guaranteed student loans ​ 690 ​ 493 ​ 2,228 ​ 3,411 ​ 14,512 ​ 17,923 ​ 2,228 Consumer and other ​ 734 ​ — ​ — ​ 734 ​ 3,531 ​ 4,265 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,540 ​ $ 518 ​ $ 2,228 ​ $ 4,286 ​ $ 570,722 ​ $ 575,008 ​ $ 2,228 ​ Loans greater than 90 days past due consist of student loans that are guaranteed by the DOE which covers approximately 98% of the principal and interest. Accordingly, these loans will not be placed on nonaccrual status and are not considered to be impaired. Loans that are individually evaluated for credit losses are limited to loans that have specific risk characteristics that are not shared by other loans and based on current information and events it is probable the Company will be unable to collect all amounts when due in accordance with the original contractual terms of the loan agreement, including scheduled principal and interest payments. The repayment of these loans is expected to be substantially through the operations or the sale of the collateral. The allowance for credit losses on loans that are individually evaluated will be measured based on the fair value of the collateral either through operations or the sale of the collateral. When repayment is expected through the sale of the collateral, the allowance will be based on the fair value of the collateral less estimated costs to sell. Collateral dependent loans, or portions thereof, are charged off when deemed uncollectible. ​ Collateral dependent loans are set forth in the following table as of the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ ​ Investment ​ Balance ​ Allowance ​ Investment ​ Balance ​ Allowance With no related allowance recorded ​ ​ ​ ​ ​ ​ Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ $ 159 ​ $ 159 ​ $ — ​ $ 160 ​ $ 160 ​ $ — Second deed of trust ​ 100 ​ 100 ​ — ​ 105 ​ 105 ​ — ​ ​ 259 ​ 259 ​ — ​ 265 ​ 265 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 22 ​ 22 ​ — ​ 26 ​ 26 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 281 ​ 281 ​ — ​ 291 ​ 291 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ Secured by 1-4 family residential, ​ ​ ​ ​ ​ ​ First deed of trust ​ 159 ​ 159 ​ — ​ 160 ​ 160 ​ — Second deed of trust ​ 100 ​ 100 ​ — ​ 105 ​ 105 ​ — ​ ​ 259 ​ 259 ​ — ​ 265 ​ 265 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 22 ​ 22 ​ — ​ 26 ​ 26 ​ — Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 281 ​ $ 281 ​ $ — ​ $ 291 ​ $ 291 ​ $ — ​ The following is a summary of average recorded investment in collateral dependent 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 Three Months Ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ $ — ​ $ — ​ $ 3,468 ​ $ 16 Non-owner occupied ​ — ​ — ​ 496 ​ — ​ ​ — ​ — ​ 3,964 ​ 16 Consumer real estate ​ ​ ​ ​ Home equity lines ​ — ​ — ​ 300 ​ 6 Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ 160 ​ 2 ​ 1,394 ​ 2 Second deed of trust ​ 103 ​ 5 ​ 186 ​ 1 ​ ​ 263 ​ 7 ​ 1,880 ​ 9 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 23 ​ — ​ 54 ​ 1 ​ ​ 286 ​ 7 ​ 5,898 ​ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ — ​ — ​ 191 ​ — ​ ​ — ​ — ​ 191 ​ — Consumer real estate ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ — ​ — ​ 86 ​ — Second deed of trust ​ — ​ — ​ 8 ​ — ​ ​ — ​ — ​ 94 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other ​ — ​ — ​ 16 ​ — ​ ​ — ​ — ​ 301 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ — ​ — ​ 3,659 ​ 16 Non-owner occupied ​ — ​ — ​ 496 ​ — ​ ​ — ​ — ​ 4,155 ​ 16 Consumer real estate ​ ​ ​ ​ Home equity lines ​ — ​ — ​ 300 ​ 6 Secured by 1-4 family residential, ​ ​ ​ ​ First deed of trust ​ 160 ​ 2 ​ 1,480 ​ 2 Second deed of trust ​ 103 ​ 5 ​ 194 ​ 1 ​ ​ 263 ​ 7 ​ 1,974 ​ 9 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 23 ​ — ​ 54 ​ 1 Consumer and other ​ — ​ — ​ 16 ​ — ​ ​ $ 286 ​ $ 7 ​ $ 6,199 ​ $ 26 ​ Loan Modifications to Borrowers in Financial Difficulty ​ As part of its credit risk management, the Company may modify a loan agreement with a borrower experiencing financial difficulties through a refinancing or restructuring of the borrower’s loan agreement. There were no modified loans identified during the three months ended March 31, 2024 and March 31, 2023. ​ In accordance with ASC 326, the Company has segmented its loan portfolio based on similar risk characteristics by call report code. The Company’s forecast of estimated expected losses is based on a twelve-month forecast of the national rate of unemployment and external observations of historical loan losses. The Company uses the Federal Open Market Committee’s projection of unemployment for its reasonable and supportable forecasting of current expected credit losses. For the periods beyond the reasonable and supportable forecast period, projections of expected credit losses are based on a reversion to the long-run mean for the national unemployment rate. To further adjust the allowance for credit losses for expected losses not already included within the quantitative component of the calculation, the Company may consider the following qualitative adjustment factors: changes in lending policies and procedures including changes in underwriting standards, and collections, charge-offs, and recovery practices, changes in international, national, regional, and local conditions, changes in the nature and volume of the portfolio and terms of loans, changes in experience, depth, and ability of lending management, changes in the volume and severity of past due loans and other similar conditions, changes in the quality of the organization’s loan review system, changes in the value of underlying collateral for collateral dependent loans, the existence and effect of any concentrations of credit and changes in the levels of such concentrations, and the effect of other external factors (i.e. competition, legal and regulatory requirements) on the level of estimated credit losses. ​ Activity in the allowance for credit losses on loans is as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ (29) ​ $ — ​ $ — ​ $ 57 Commercial ​ 228 ​ (26) ​ — ​ — ​ 202 ​ ​ 314 ​ (55) ​ — ​ — ​ 259 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ 28 ​ — ​ — ​ 437 Non-owner occupied ​ 1,467 ​ 129 ​ — ​ — ​ 1,596 Multifamily ​ 44 ​ 42 ​ — ​ — ​ 86 Farmland ​ 3 ​ (3) ​ — ​ — ​ — ​ ​ 1,923 ​ 196 ​ — ​ — ​ 2,119 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ (18) ​ — ​ 10 ​ 32 Secured by 1-4 family residential ​ ​ — ​ ​ ​ First deed of trust ​ 293 ​ 4 ​ — ​ 1 ​ 298 Second deed of trust ​ 99 ​ (6) ​ — ​ 5 ​ 98 ​ ​ 432 ​ (20) ​ — ​ 16 ​ 428 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ 22 ​ — ​ 4 ​ 666 Student loans ​ 57 ​ 4 ​ (6) ​ — ​ 55 Consumer and other ​ 36 ​ — ​ — ​ — ​ 36 Unallocated ​ 21 ​ (10) ​ — ​ — ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ 137 ​ $ (6) ​ $ 20 ​ $ 3,574 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ (31) ​ $ — ​ $ — ​ $ 51 Commercial ​ 192 ​ 34 ​ 38 ​ — ​ — ​ 264 ​ ​ 271 ​ 37 ​ 7 ​ — ​ — ​ 315 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ (1) ​ — ​ — ​ 391 Non-owner occupied ​ 1,289 ​ 192 ​ (21) ​ — ​ — ​ 1,460 Multifamily ​ 33 ​ 7 ​ — ​ — ​ — ​ 40 Farmland ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,189 ​ (276) ​ (22) ​ — ​ — ​ 1,891 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ (2) ​ — ​ — ​ 33 Secured by 1-4 family residential ​ ​ ​ — ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 6 ​ — ​ 1 ​ 214 Second deed of trust ​ 43 ​ 25 ​ 5 ​ — ​ 2 ​ 75 ​ ​ 185 ​ 125 ​ 9 ​ — ​ 3 ​ 322 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (34) ​ — ​ 6 ​ 549 Student loans ​ 52 ​ — ​ 63 ​ (3) ​ — ​ 112 Consumer and other ​ 37 ​ (5) ​ 2 ​ — ​ — ​ 34 Unallocated ​ 60 ​ (9) ​ (2) ​ — ​ — ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 23 ​ $ (3) ​ $ 9 ​ $ 3,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Loan Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 4 ​ $ — ​ $ — ​ $ 86 Commercial ​ 192 ​ 34 ​ 2 ​ — ​ — ​ 228 ​ ​ 271 ​ 37 ​ 6 ​ — ​ — ​ 314 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 17 ​ — ​ — ​ 409 Non-owner occupied ​ 1,289 ​ 192 ​ (14) ​ — ​ — ​ 1,467 Multifamily ​ 33 ​ 7 ​ 4 ​ — ​ — ​ 44 Farmland ​ — ​ — ​ 3 ​ — ​ — ​ 3 ​ ​ 2,189 ​ (276) ​ 10 ​ — ​ — ​ 1,923 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 5 ​ — ​ — ​ 40 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 83 ​ — ​ 3 ​ 293 Second deed of trust ​ 43 ​ 25 ​ 15 ​ — ​ 16 ​ 99 ​ ​ 185 ​ 125 ​ 103 ​ — ​ 19 ​ 432 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (110) ​ — ​ 173 ​ 640 Student loans ​ 52 ​ — ​ 35 ​ (30) ​ — ​ 57 Consumer and other ​ 37 ​ (5) ​ 7 ​ (3) ​ — ​ 36 Unallocated ​ 60 ​ (9) ​ (30) ​ — ​ — ​ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 21 ​ $ (33) ​ $ 192 ​ $ 3,423 ​ Loans are required to be measured at amortized costs and to be presented at the net amount expected to be collected. Off balance sheet credit exposures, including loan commitments, are not recorded on balance sheet, but expected credit losses arising from off balance sheet credit exposures are recorded as a reserve for unfunded commitments and reported in Other Liabilities. Credit losses on available for sale debt securities are accounted for as an allowance for credit losses, which is a valuation account that is deducted from the amortized cost basis of the financial asset to present the net carrying value and the amount expected to be collected on the financial assets. The allowance for credit losses on loans, available for sale debt securities and the reserve for unfunded commitments are established through a provision for credit losses charged against earnings. The following table presents a breakdown of the provision for credit losses for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 ​ Provision for credit losses: ​ ​ ​ ​ ​ Provision for loans ​ $ 137 ​ $ 23 ​ Provision (recovery) for unfunded commitments ​ ​ 13 ​ ​ (23) ​ Total ​ $ 150 ​ $ — ​ ​ As of March 31, 2024, the allowance for credit losses was $3.89 million and included an allowance for credit losses on loans of $3.57 million and a reserve for unfunded commitments of $320,000. The Company recorded a provision for credit losses for loans of $136,700 for the three months ended March 31, 2024, which was the result of loan growth as all credit metrics remained strong compared to year-end 2023. Non-performing loans as a percentage of loans decreased from 0.12% at March 31, 2023 to 0.05% at March 31, 2024. ​ The Company recorded a provision for credit losses for unfunded commitments of $13,300 for the three months ended March 31, 2024, which was driven by an increase in the total commitments outstanding at March 31, 2024. ​ The allowance for credit losses on loans to total loans ratio at the Company is 0.60% compared to the peer average of 1.11%, management considers this level of allowance sufficient and appropriate based on the current asset quality and assessment of the Company’s loan portfolio. ​ As of March 31, 2023, the allowance for credit losses was $3.53 million and included an allowance for credit losses on loans of $3.27 million and a reserve for unfunded commitments of $254,000. ​ The provision for credit for loans was driven by the increase in loan balances at March 31, 2023, while the recovery of credit losses for unfunded commitments was a result of the reduction in the total balance outstanding at March 31, 2023. The lack of an overall provision for credit losses was driven by stable local economic conditions and credit quality remaining strong. While higher inflation and the speed at which interest rates have been rising remain a risk to credit quality, we believe our current level of allowance for credit losses is sufficient. Loans were evaluated for credit losses as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans ​ ​ Allowance ​ Loans ​ Ending ​ ​ ​ ​ Ending ​ ​ ​ ​ ​ Balance Individually Collectively Balance Individually Collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 57 ​ $ — ​ $ 57 ​ $ 9,077 ​ $ — ​ $ 9,077 Commercial ​ 202 ​ — ​ 202 ​ 34,437 ​ — ​ 34,437 ​ ​ 259 ​ — ​ 259 ​ 43,514 ​ — ​ 43,514 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 437 ​ — ​ 437 ​ 121,429 ​ — ​ 121,429 Non-owner occupied ​ 1,596 ​ — ​ 1,596 ​ 165,508 ​ — ​ 165,508 Multifamily ​ 86 ​ — ​ 86 ​ 18,254 ​ — ​ 18,254 Farmland ​ — ​ — ​ — ​ 24 ​ — ​ 24 ​ ​ 2,119 ​ — ​ 2,119 ​ 305,215 ​ — ​ 305,215 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 32 ​ — ​ 32 ​ 21,682 ​ — ​ 21,682 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 298 ​ — ​ 298 ​ 95,994 ​ 159 ​ 95,835 Second deed of trust ​ 98 ​ — ​ 98 ​ 11,955 ​ 100 ​ 11,855 ​ ​ 428 ​ — ​ 428 ​ 129,631 ​ 259 ​ 129,372 Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 666 ​ — ​ 666 ​ 92,600 ​ 22 ​ 92,578 Student loans ​ 55 ​ — ​ 55 ​ 15,782 ​ — ​ 15,782 Consumer and other ​ 47 ​ — ​ 47 ​ 4,596 ​ — ​ 4,596 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,574 ​ $ — ​ $ 3,574 ​ $ 591,338 ​ $ 281 ​ $ 591,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ — ​ $ 86 ​ $ 10,471 ​ $ — ​ $ 10,471 Commercial ​ 228 ​ — ​ 228 ​ 37,024 ​ — ​ 37,024 ​ ​ 314 ​ — ​ 314 ​ 47,495 ​ — ​ 47,495 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ — ​ 409 ​ 122,666 ​ — ​ 122,666 Non-owner occupied ​ 1,467 ​ — ​ 1,467 ​ 154,855 ​ — ​ 154,855 Multifamily ​ 44 ​ — ​ 44 ​ 12,743 ​ — ​ 12,743 Farmland ​ 3 ​ — ​ 3 ​ 326 ​ — ​ 326 ​ ​ 1,923 ​ — ​ 1,923 ​ 290,590 ​ — ​ 290,590 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ — ​ 40 ​ 21,557 ​ — ​ 21,557 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 293 ​ — ​ 293 ​ 95,638 ​ 160 ​ 95,478 Second deed of trust ​ 99 ​ — ​ 99 ​ 11,337 ​ 105 ​ 11,232 ​ ​ 432 ​ — ​ 432 ​ 128,532 ​ 265 ​ 128,267 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ — ​ 640 ​ 86,203 ​ 26 ​ 86,177 Student loans ​ 57 ​ — ​ 57 ​ 17,923 ​ — ​ 17,923 Consumer and other ​ 57 ​ — ​ 57 ​ 4,265 ​ — ​ 4,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ — ​ $ 3,423 ​ $ 575,008 ​ $ 291 ​ $ 574,717 ​

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits
Deposits	Note 6 – Deposits Deposits as of March 31, 2024 and December 31, 2023 were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amount % Amount % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ $ 230,118 37.1 % $ 247,624 40.9 % Interest checking accounts ​ 78,739 12.7 % 76,289 12.6 % Money market accounts ​ 207,640 33.5 % 195,249 32.3 % Savings accounts ​ 35,238 5.7 % 39,633 6.5 % Time deposits of $250,000 and over ​ 31,355 5.0 % 9,145 1.5 % Other time deposits ​ 37,179 6.0 % 37,405 6.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 620,269 100.0 % $ 605,345 100.0 % ​

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
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 $2,414,000 in FHLB stock at March 31, 2024 and $2,644,000 at December 31, 2023, 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 and investment securities. The Company had FHLB advances of $40,000,000 at March 31, 2024 and $45,000,000 at December 31, 2023. 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 March 31, 2024 or December 31, 2023. The Company’s unused lines of credit for future borrowings total approximately $26.1 million at March 31, 2024, which consists of $3.3 million available from the FHLB based on current pledged assets, $20 million on revolving bank line of credit, and $2.8 million under secured federal funds agreements with third party financial institutions. Additional loans and securities are available that can be pledged as collateral for future borrowings from the Federal Reserve Bank of Richmond or the FHLB above the current lendable collateral value. ​

Trust preferred securities

Trust preferred securities	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 was 7.71%. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term Secured Overnight Funding Rate (“SOFR”) plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The securities were redeemable at par beginning on March 15, 2010 and each quarter after such date until the securities mature on March 15, 2035. No amounts have been redeemed at March 31, 2024 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 March 31, 2024 was 6.96%. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term SOFR plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The securities may be redeemed at par at any time commencing in December 2012 until the securities mature in 2037. No amounts have been redeemed at March 31, 2024 and there are no plans to do so. The principal asset of the Trust is $3.6 million of the Company’s junior subordinated debt securities with like maturities and like interest rates to the Trust Preferred Capital Notes. The Trust Preferred Capital Notes may be included in Tier 1 capital for regulatory capital adequacy determination purposes up to 25% of Tier 1 capital after its inclusion. The portion of the Trust Preferred Capital Notes not considered as Tier 1 capital may be included in Tier 2 capital. The obligations of the Company with respect to the issuance of the Trust Preferred Capital Notes constitute a full and unconditional guarantee by the Company of the Trust’s obligations with respect to the Trust Preferred Capital Notes. Subject to certain exceptions and limitations, the Company may elect from time to time to defer interest payments on the junior subordinated debt securities, which would result in a deferral of distribution payments on the related Trust Preferred Capital Notes and require a deferral of common dividends. The Company is current on these interest payments.

Subordinated Debt

Subordinated Debt	3 Months Ended
	Mar. 31, 2024
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 accrued interest at a fixed rate of 6.50% for the first five years until March 21, 2023. The subordinated notes have a LIBOR-indexed floating rate of interest (three-month LIBOR plus 3.73%) which adjusts and is also payable quarterly. The interest rate at March 31, 2024 was 9.05%. As a result of the discontinuation of the 3-month LIBOR on June 30, 2023, the Company is replaced the 3-month LIBOR leg of the calculated floating rate with the three-month term SOFR plus the applicable tenor spread adjustment for 3-month LIBOR of 0.26161 percent as per the guidelines outlined within the final rulings under the Adjustable Interest Rate (LIBOR) Act published by the Board of Governors of the Federal Reserve System. The Company may redeem the subordinated notes in whole or in part, on or after March 31, 2023. The subordinated notes are unsecured and subordinated in right of payment to all of the Company’s existing and future senior indebtedness, whether secured or unsecured, including claims of depositors and general creditors, and rank equally in right of payment with any unsecured, subordinated indebtedness that the Company may incur in the future. The carrying value of the notes totaled $5,700,000 at March 31, 2024 and December 31, 2023, respectively.

Stock incentive plan

Stock incentive plan	3 Months Ended
	Mar. 31, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ Options ​ Price ​ Per Share ​ Value ​ Options ​ Price ​ Per Share ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding, beginning of period — ​ $ — ​ $ — ​ ​ ​ 14 ​ $ 25.63 ​ $ 9.76 ​ ​ Granted — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Forfeited — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Exercised — ​ — ​ $ — ​ ​ ​ — ​ — ​ — ​ ​ Options outstanding, end of period — ​ $ — ​ $ — ​ $ — ​ 14 ​ $ 25.28 ​ $ 9.76 ​ $ — Options exercisable, end of period — ​ ​ ​ ​ ​ ​ 14 ​ ​ ​ ​ ​ ​ During the three months ended March 31, 2023, we granted certain officers time-based restricted shares of common stock. 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 total number of shares underlying non-vested restricted stock was 26,111 and 26,152 at March 31, 2024 and 2023, 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 March 31, 2024 and 2023 was $782,000 and $883,400, respectively. The time-based unrecognized compensation of $558,200 is expected to be recognized over a weighted average period of 2.01 A summary of changes in the Company’s non-vested restricted stock and restricted stock unit awards for the three months ended March 31, 2024 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Aggregate ​ ​ ​ ​ Grant-Date ​ Intrinsic ​ ​ Shares ​ Fair-Value ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 31,077 ​ $ 45.93 ​ $ 1,320,773 Granted — ​ — ​ — Vested (4,179) ​ 52.32 ​ (177,608) Forfeited ​ — ​ ​ — ​ ​ — Other (1) (787) ​ 58.95 ​ (33,448) March 31, 2024 26,111 ​ $ 44.52 ​ $ 1,109,718 (1) Represents the incremental decrease in shares that vested based on the restricted stock units vesting at a lower value as opposed to the targeted value of the award. Stock-based compensation expense was approximately $81,000 and $102,000 for the three months ended March 31, 2024 and 2023, respectively.

Fair value

Fair value	3 Months Ended
	Mar. 31, 2024
Fair value
Fair value	Note 11 – Fair value The Company determines the fair value of its financial instruments based on the requirements established in ASC 820: Fair Value Measurements, ASC 820 establishes a hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair values hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs The Company used the following methods to determine the fair value of each type of financial instrument: Securities Collateral dependent Loans held for sale: Derivative asset – interest rate lock commitments (“IRLCs”): Forward sale commitments: The best efforts commitments are valued using the committed price to the counter-party against the current market price of the interest rate lock commitment or mortgage loan held for sale. All of the Company’s forward sale commitments are classified as Level 2. 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 March 31, 2024 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 678 ​ $ — ​ $ 678 ​ $ — Mortgage-backed securities ​ 69,907 ​ — ​ ​ 69,907 ​ — Municipals ​ ​ 1,652 ​ ​ — ​ ​ 1,652 ​ ​ — Subordinated debt ​ 10,547 ​ — ​ 10,047 ​ 500 Loans held for sale ​ ​ 7,019 ​ ​ — ​ ​ 7,019 ​ ​ — IRLC ​ ​ 293 ​ ​ — ​ ​ 293 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 42 ​ ​ — ​ ​ 42 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2023 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 20,615 ​ $ — ​ $ 20,615 ​ $ — Mortgage-backed securities ​ 72,537 ​ — ​ 72,537 ​ — Municipals ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — Subordinated debt ​ 10,777 ​ — ​ 10,277 ​ ​ 500 Loans held for sale ​ ​ 4,983 ​ ​ — ​ ​ 4,983 ​ ​ — IRLC ​ ​ 271 ​ ​ — ​ ​ 271 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 506 ​ ​ — ​ ​ 506 ​ ​ — ​ There were no Level 3 fair value measurements for financial instruments measured on a non-recurring basis at fair value at March 31, 2024 and December 31, 2023. ​ 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). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ ​ ​ 2024 ​ 2023 ​ Level in Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ ​ Hierarchy ​ Value ​ Fair Value ​ Value ​ Fair Value Financial assets ​ ​ ​ ​ Cash Level 1 ​ $ 13,073 ​ $ 13,073 ​ $ 10,383 ​ $ 10,383 Cash equivalents Level 2 ​ 19,323 ​ 19,323 ​ 7,331 ​ 7,331 Investment securities available for sale Level 2 ​ 82,284 ​ 82,284 ​ 105,085 ​ 105,085 Investment securities available for sale Level 3 ​ 500 ​ 500 ​ 500 ​ 500 Federal Home Loan Bank stock Level 2 ​ 2,644 ​ 2,644 ​ 2,644 ​ 2,644 Loans held for sale Level 2 ​ 7,019 ​ 7,019 ​ 4,983 ​ 4,983 Loans Level 3 ​ 591,338 ​ 567,741 ​ 575,008 ​ 547,935 Bank owned life insurance Level 2 ​ 13,198 ​ 13,198 ​ 13,120 ​ 13,120 Accrued interest receivable Level 2 ​ 3,531 ​ 3,531 ​ 3,827 ​ 3,827 Interest rate lock commitments ​ Level 2 ​ ​ 293 ​ ​ 293 ​ ​ 271 ​ ​ 271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ Deposits Level 2 ​ 620,269 ​ 620,673 ​ 605,345 ​ 605,226 FHLB borrowings Level 2 ​ 40,000 ​ 39,886 ​ 45,000 ​ 44,999 Trust preferred securities Level 2 ​ 8,764 ​ 8,969 ​ 8,764 ​ 8,848 Other borrowings Level 2 ​ 5,700 ​ 5,700 ​ 5,700 ​ 5,700 Accrued interest payable Level 2 ​ 406 ​ 406 ​ 210 ​ 210 Forward sales commitment ​ Level 2 ​ ​ 42 ​ ​ 42 ​ ​ 506 ​ ​ 506 ​

Segment Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2024
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 months ended March 31, 2024 and 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 9,243 ​ $ 92 ​ $ — ​ $ 9,335 Mortgage banking income, net ​ — ​ 909 ​ (59) ​ 850 Other revenues ​ 795 ​ — ​ (41) ​ 754 Total revenues ​ 10,038 ​ 1,001 ​ (100) ​ 10,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Provision for credit losses ​ ​ 150 ​ ​ — ​ ​ — ​ ​ 150 Interest expense ​ 2,939 ​ — ​ — ​ 2,939 Salaries and benefits ​ 2,785 ​ 679 ​ — ​ 3,464 Other expenses ​ 2,030 ​ 235 ​ (100) ​ 2,165 Total operating expenses ​ 7,904 ​ 914 ​ (100) ​ 8,718 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income taxes ​ ​ 2,134 ​ ​ 87 ​ ​ — ​ ​ 2,221 Income tax expense ​ ​ 431 ​ ​ 18 ​ ​ — ​ ​ 449 Net income ​ $ 1,703 ​ $ 69 ​ $ — ​ $ 1,772 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 756,005 ​ $ 16,777 ​ $ (25,910) ​ $ 746,872 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 7,543 ​ $ 40 ​ $ — ​ $ 7,583 Mortgage banking income, net ​ — ​ 538 ​ (60) ​ 478 Other revenues ​ 821 ​ — ​ — ​ 821 Total revenues ​ 8,364 ​ 578 ​ (60) ​ 8,882 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Interest expense ​ 1,218 ​ — ​ — ​ 1,218 Salaries and benefits ​ 2,742 ​ 706 ​ — ​ 3,448 Other expenses ​ 2,137 ​ 274 ​ (60) ​ 2,351 Total operating expenses ​ 6,097 ​ 980 ​ (60) ​ 7,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 2,267 ​ ​ (402) ​ ​ — ​ ​ 1,865 Income tax expense (benefit) ​ ​ 409 ​ ​ (84) ​ ​ — ​ ​ 325 Net income (loss) ​ $ 1,858 ​ $ (318) ​ $ — ​ $ 1,540 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 749,402 ​ $ 17,878 ​ $ (32,483) ​ $ 734,797 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shareholders' Equity and Regula

Shareholders' Equity and Regulatory Matters	3 Months Ended
	Mar. 31, 2024
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 change in accumulated other comprehensive loss for the three months ended March 31, 2024 and year ended December 31, 2023 and is summarized as follows, net of tax (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ ​ ​ ​ - ​ ​ - Amounts reclassified from AOCI into earnings ​ ​ (782) ​ ​ - ​ ​ (782) Net current period other comprehensive loss ​ ​ (782) ​ ​ - ​ ​ (782) Accumulated other comprehensive loss March 31, 2024 ​ $ (6,386) ​ $ (9) ​ $ (6,395) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) Other comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income before reclassification ​ ​ 1,320 ​ ​ 9 ​ ​ 1,329 Amounts reclassified from AOCI into earnings ​ ​ 3,939 ​ ​ - ​ ​ 3,939 Net current period other comprehensive income ​ ​ 5,259 ​ ​ 9 ​ ​ 5,268 Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) ​ 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”). 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%, plus a 2.5% “capital conservation buffer” (effectively resulting in a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 7%); (2) a ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum Tier 1 capital ratio of 8.5%); (3) a ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer (effectively resulting in a minimum total capital ratio of 10.5%); and (4) a leverage ratio of 4%, calculated as the ratio of Tier 1 capital to balance sheet exposures plus certain off-balance sheet exposures (computed as the average for each quarter of the month-end ratios for the quarter). The capital conservation buffer is designed to absorb losses during periods of economic stress. Banking organizations with a ratio of common equity Tier 1 capital to risk-weighted assets above the minimum but below the conservation buffer face constraints on dividends, equity repurchases, and compensation based on the amount of the shortfall. As of March 31, 2024, the Bank exceeded the minimum ratios under the Basel III Capital Rules. 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%; (2) a Tier 1 risk-based capital ratio of at least 8.0%; (3) a total risk-based capital ratio of at least 10.0%; and (4) a leverage ratio of at least 5.0%. As of March 31, 2024, the Bank exceeded the minimum ratios to be classified as well capitalized. The capital amounts and ratios at March 31, 2024 and December 31, 2023 for the Bank are presented in the table below (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ Including Conservation Buffer (1) ​ To be Well Capitalized ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 88,249 14.13 % ​ $ 65,568 10.50 % ​ $ 62,446 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 84,355 13.51 % ​ 53,079 8.50 % ​ 49,957 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 84,355 11.36 % ​ 29,698 4.00 % ​ 37,122 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 84,355 13.51 % ​ 43,712 7.00 % ​ 40,590 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 86,493 14.49 % ​ $ 62,679 10.50 % ​ $ 59,695 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 50,740 8.50 % ​ 47,756 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 82,764 11.14 % ​ 29,706 4.00 % ​ 37,133 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 41,786 7.00 % ​ 38,801 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) ​

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023, the Company had the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ Undisbursed credit lines ​ $ 137,230 ​ $ 127,918 Commitments to extend or originate credit ​ 11,298 ​ 7,463 Standby letters of credit ​ 1,246 ​ 1,202 ​ ​ ​ ​ ​ ​ ​ Total commitments to extend credit ​ $ 149,774 ​ $ 136,583 ​ 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	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024, and totaled $42,000 with a notional amount of $18.2 million and total positions of 58 and was reported in “Other Liabilities” at December 31, 2023, and totaled $506,000, with a notional amount of $12.3 million and total positions of 47.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2024
Recent Accounting Pronouncements
Recent Accounting Pronouncements	Note 16 Recent Accounting Pronouncements In December 2023, the Financial Accounting Standards Board (“FASB”) issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” The amendments in this ASU require an entity to disclose specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, which is greater than five percent of the amount computed by multiplying pretax income by the entity’s applicable statutory rate, on an annual basis. Additionally, the amendments in this ASU require an entity to disclose the amount of income taxes paid (net of refunds received) disaggregated by federal, state, and foreign taxes and the amount of income taxes paid (net of refunds received) disaggregated by individual jurisdictions that are equal to or greater than five percent of total income taxes paid (net of refunds received). Lastly, the amendments in this ASU require an entity to disclose income (or loss) from continuing operations before income tax expense (or benefit) disaggregated between domestic and foreign and income tax expense (or benefit) from continuing operations disaggregated by federal, state, and foreign. This ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied on a prospective basis; however, retrospective application is permitted. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this ASU are intended to improve reportable segment disclosure requirements primarily through enhanced disclosures about significant segment expenses. This ASU requires disclosure of significant segment expenses that are regularly provided to the chief operating decision mark (“CODM”), an amount for other segment items by reportable segment and a description of its composition, all annual disclosures required by FASB ASU Topic 280 in interim periods as well, and the title and position of the CODM and how the CODM uses the reported measures. Additionally, this ASU requires that at least one of the reported segment profit and loss measures should be the measure that is most consistent with the measurement principles used in an entity’s consolidated financial statements. Lastly, this ASU requires public business entities with a single reportable segment to provide all disclosures required by these amendments in this ASU and all existing segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The amendments should be applied retrospectively. ​ In October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.” This ASU incorporates certain U.S. Securities and Exchange Commission (“SEC”) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to more easily compare entities subject to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company does not expect the adoption of ASU 2023-06 to have a material impact on its consolidated financial statements. ​ In July 2023, the FASB issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718)”. This ASU amends the FASB ASC pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements.

Earnings per common share (Tabl

Earnings per common share (Tables)	3 Months Ended
	Mar. 31, 2024
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 (dollars in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 2023 Numerator ​ ​ ​ Net income - basic and diluted ​ $ 1,772 ​ $ 1,540 ​ ​ ​ ​ ​ ​ ​ Denominator ​ ​ Weighted average shares outstanding - basic ​ 1,493 ​ 1,484 Dilutive effect of common stock options ​ — ​ — ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - diluted ​ 1,493 ​ 1,484 ​ ​ ​ ​ ​ ​ ​ Earnings per share - basic ​ $ 1.19 ​ $ 1.04 Earnings per share - diluted ​ $ 1.19 ​ $ 1.04

Investment securities availab_2

Investment securities available for sales (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ U.S. Government agency obligations ​ $ 695 ​ $ — ​ $ (17) ​ $ 678 Mortgage-backed securities ​ 75,706 ​ 261 ​ (6,060) ​ 69,907 Municipals ​ ​ 2,263 ​ ​ — ​ ​ (611) ​ ​ 1,652 Subordinated debt ​ 12,202 ​ 29 ​ (1,684) ​ 10,547 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 90,866 ​ $ 290 ​ $ (8,372) ​ $ 82,784 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 20,690 ​ $ — ​ $ (75) ​ $ 20,615 Mortgage-backed securities ​ 77,275 ​ 643 ​ (5,381) ​ 72,537 Municipals ​ ​ 2,264 ​ ​ — ​ ​ (608) ​ ​ 1,656 Subordinated debt ​ 12,449 ​ 30 ​ (1,702) ​ 10,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 112,678 ​ $ 673 ​ $ (7,766) ​ $ 105,585
Schedule of investment securities available for sale	Investment securities available for sale that have an unrealized loss position at March 31, 2024 and December 31, 2023 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 March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ 322 ​ $ (1) ​ $ 356 ​ ​ (16) ​ $ 678 ​ $ (17) Mortgage-backed securities ​ ​ 10,224 ​ ​ (100) ​ ​ 31,221 ​ ​ (5,960) ​ ​ 41,445 ​ ​ (6,060) Municipals ​ ​ — ​ ​ — ​ ​ 1,652 ​ ​ (611) ​ ​ 1,652 ​ ​ (611) Subordinated debt ​ 2,789 ​ (443) ​ 7,060 ​ (1,241) ​ 9,849 ​ (1,684) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 13,335 ​ $ (544) ​ $ 40,289 ​ $ (7,828) ​ $ 53,624 ​ $ (8,372) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ U.S. Government agency obligations ​ $ — ​ $ — ​ $ 20,289 ​ $ (75) ​ $ 20,289 ​ $ (75) Mortgage-backed securities ​ 4,631 ​ (24) ​ 30,311 ​ (5,357) ​ 34,942 ​ (5,381) Municipals ​ ​ — ​ ​ — ​ ​ 1,656 ​ ​ (608) ​ ​ 1,656 ​ ​ (608) Subordinated debt ​ 4,145 ​ (587) ​ 5,937 ​ (1,115) ​ 10,082 ​ (1,702) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 8,776 ​ $ (611) ​ $ 58,193 ​ $ (7,155) ​ $ 66,969 ​ $ (7,766)
Schedule of investment by contractual maturity	All of the unrealized losses are attributable to increases in interest rates and not to credit deterioration. Currently, the Company believes that it is probable that the Company will be able to collect all amounts due according to the contractual terms of the investments. Because the declines in fair value are attributable to changes in interest rates and not to credit quality, and because it is not more likely than not that the Company will be required to sell the investments before recovery of their amortized cost bases, which may be maturity, the Company has not recorded an allowance for credit losses on these investments at March 31, 2024. The amortized cost and estimated fair value of investment securities available for sale as of March 31, 2024, by contractual maturity, are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Less than one year ​ $ — ​ $ — One to five years ​ ​ 10,834 ​ ​ 10,823 Five to ten years ​ 17,098 ​ 15,485 More than ten years ​ 62,934 ​ ​ 56,476 ​ ​ ​ ​ ​ ​ ​ Total ​ $ 90,866 ​ $ 82,784 ​

Loans and allowance for loan _2

Loans and allowance for loan losses (Tables)	3 Months Ended
	Mar. 31, 2024
Loans and allowance for credit losses
Schedule of composition of loan portfolio (excluding mortgage loans held for sale)	Loans classified by type as of March 31, 2024 and December 31, 2023 are as follows (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amount % Amount % ​ Construction and land development ​ ​ ​ Residential ​ $ 9,077 1.53 % $ 10,471 1.82 % Commercial ​ 34,437 5.83 % 37,024 6.44 % ​ ​ 43,514 7.36 % 47,495 8.26 % Commercial real estate ​ ​ ​ Owner occupied ​ 121,429 20.53 % 122,666 21.33 % Non-owner occupied ​ 165,508 27.99 % 154,855 26.93 % Multifamily ​ 18,254 3.09 % 12,743 2.22 % Farmland ​ 24 0.00 % 326 0.06 % ​ ​ 305,215 51.61 % 290,590 50.54 % Consumer real estate ​ ​ ​ Home equity lines ​ 21,682 3.67 % 21,557 3.75 % Secured by 1-4 family residential, ​ ​ ​ First deed of trust ​ 95,994 16.23 % 95,638 16.63 % Second deed of trust ​ 11,955 2.02 % 11,337 1.97 % ​ ​ 129,631 21.92 % 128,532 22.35 % Commercial and industrial loans ​ ​ ​ (except those secured by real estate) ​ 92,600 15.66 % 86,203 14.99 % Guaranteed student loans ​ 15,782 2.67 % 17,923 3.12 % Consumer and other ​ 4,596 0.78 % 4,265 0.74 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ 591,338 100.0 % 575,008 100.0 % Deferred and costs, net ​ 750 ​ ​ 803 ​ ​ Less: allowance for credit losses ​ (3,574) ​ ​ (3,423) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 588,514 ​ ​ ​ $ 572,388 ​ ​ ​
Schedule of information on nonaccrual loans	The following table provides information on nonaccrual loans segregated by type at the dates indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 Consumer real estate ​ ​ Secured by 1-4 family residential ​ ​ First deed of trust ​ $ 159 ​ $ 160 Second deed of trust ​ 100 ​ 105 ​ ​ 259 ​ 265 Commercial and industrial loans ​ ​ (except those secured by real estate) ​ 22 ​ 26 ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 281 ​ $ 291
Schedule of information on the risk rating of loans by period	​ As of March 31, 2024, based on the most recent analysis performed, the risk category of loans based on year of origination is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving- Total ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ ​ 2020 ​ ​ Prior ​ ​ Revolving ​ ​ Term ​ Loans March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 876 ​ $ 5,656 ​ $ 2,206 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Residential ​ $ 876 ​ $ 5,656 ​ $ 2,206 ​ $ 339 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 692 ​ ​ 6,649 ​ ​ 14,193 ​ ​ 10,331 ​ ​ 224 ​ ​ 1,081 ​ ​ 1,267 ​ ​ — ​ ​ 34,437 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Commercial ​ $ 692 ​ $ 6,649 ​ $ 14,193 ​ $ 10,331 ​ $ 224 ​ $ 1,081 ​ $ 1,267 ​ $ — ​ $ 34,437 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 666 ​ ​ 12,518 ​ ​ 21,638 ​ ​ 19,149 ​ ​ 9,276 ​ ​ 52,199 ​ ​ 574 ​ ​ — ​ ​ 116,020 Special Mention ​ ​ — ​ ​ — ​ ​ 200 ​ ​ 71 ​ ​ 461 ​ ​ 4,677 ​ ​ — ​ ​ — ​ ​ 5,409 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Owner occupied ​ $ 666 ​ $ 12,518 ​ $ 21,838 ​ $ 19,220 ​ $ 9,737 ​ $ 56,876 ​ $ 574 ​ $ — ​ $ 121,429 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Non-owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 6,692 ​ ​ 9,425 ​ ​ 25,419 ​ ​ 28,243 ​ ​ 23,337 ​ ​ 57,626 ​ ​ 9,856 ​ ​ — ​ ​ 160,598 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,160 ​ ​ — ​ ​ 2,750 ​ ​ — ​ ​ — ​ ​ 4,910 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Non-owner occupied ​ $ 6,692 ​ $ 9,425 ​ $ 25,419 ​ $ 30,403 ​ $ 23,337 ​ $ 60,376 ​ $ 9,856 ​ $ — ​ $ 165,508 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Multifamily ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 5,250 ​ ​ 1,300 ​ ​ — ​ ​ 2,434 ​ ​ 542 ​ ​ 6,857 ​ ​ 1,871 ​ ​ — ​ ​ 18,254 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Multifamily ​ $ 5,250 ​ $ 1,300 ​ $ — ​ $ 2,434 ​ $ 542 ​ $ 6,857 ​ $ 1,871 ​ $ — ​ $ 18,254 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 24 ​ ​ — ​ ​ — ​ ​ 24 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Farmland ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 24 ​ $ — ​ $ — ​ $ 24 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ 445 ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,162 ​ ​ — ​ ​ 21,607 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Home equity lines ​ $ — ​ $ — ​ $ 445 ​ $ — ​ $ — ​ $ — ​ $ 21,237 ​ $ — ​ $ 21,682 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 4,330 ​ ​ 32,416 ​ ​ 14,608 ​ ​ 14,152 ​ ​ 8,006 ​ ​ 19,985 ​ ​ 2,124 ​ ​ — ​ ​ 95,621 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 214 ​ ​ — ​ ​ — ​ ​ 214 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 159 ​ ​ — ​ ​ — ​ ​ 159 Total First deed of trust ​ $ 4,330 ​ $ 32,416 ​ $ 14,608 ​ $ 14,152 ​ $ 8,006 ​ $ 20,358 ​ $ 2,124 ​ $ — ​ $ 95,994 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Second deed of trust ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 593 ​ ​ 4,485 ​ ​ 3,088 ​ ​ 1,009 ​ ​ 388 ​ ​ 1,572 ​ ​ 522 ​ ​ — ​ ​ 11,657 Special Mention ​ ​ 88 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 110 ​ ​ — ​ ​ — ​ ​ 198 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 100 ​ ​ — ​ ​ — ​ ​ 100 Total Second deed of trust ​ $ 681 ​ $ 4,485 ​ $ 3,088 ​ $ 1,009 ​ $ 388 ​ $ 1,782 ​ $ 522 ​ $ ​ ​ $ 11,955 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 6,036 ​ ​ 18,185 ​ ​ 15,095 ​ ​ 13,837 ​ ​ 5,313 ​ ​ 5,903 ​ ​ 27,757 ​ ​ — ​ ​ 92,126 Special Mention ​ ​ — ​ ​ 34 ​ ​ — ​ ​ — ​ ​ — ​ ​ 49 ​ ​ 369 ​ ​ — ​ ​ 452 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 11 ​ ​ 11 ​ ​ — ​ ​ — ​ ​ 22 Total Commercial and industrial ​ $ 6,036 ​ $ 18,219 ​ $ 15,095 ​ $ 13,837 ​ $ 5,324 ​ $ 5,963 ​ $ 28,126 ​ $ — ​ $ 92,600 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Guaranteed student loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 15,782 ​ ​ — ​ ​ — ​ ​ 15,782 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Guaranteed student loans ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 15,782 ​ $ — ​ $ — ​ $ 15,782 Current period gross writeoff ​ $ 6 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Consumer and other ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ ​ 242 ​ ​ 424 ​ ​ 403 ​ ​ 107 ​ ​ 38 ​ ​ 22 ​ ​ 3,360 ​ ​ — ​ ​ 4,596 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Total Consumer and other ​ $ 242 ​ $ 424 ​ $ 403 ​ $ 107 ​ $ 38 ​ $ 22 ​ $ 3,360 ​ $ ​ ​ $ 4,596 Current period gross writeoff ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total Current period gross writeoff ​ $ 6 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Total loans ​ $ 25,465 ​ $ 91,092 ​ $ 97,295 ​ $ 91,832 ​ $ 47,596 ​ $ 169,121 ​ $ 68,937 ​ $ — ​ $ 591,338
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 March 31, 2024 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 9,077 ​ $ 9,077 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 34,437 ​ 34,437 ​ — ​ ​ — ​ — ​ — ​ — ​ 43,514 ​ 43,514 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 121,429 ​ 121,429 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 165,508 ​ 165,508 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 18,254 ​ 18,254 ​ — Farmland ​ — ​ — ​ — ​ — ​ 24 ​ 24 ​ — ​ ​ — ​ — ​ — ​ — ​ 305,215 ​ 305,215 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 247 ​ — ​ — ​ 247 ​ 21,435 ​ 21,682 ​ — Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 174 ​ — ​ — ​ 174 ​ 95,820 ​ 95,994 ​ — Second deed of trust ​ — ​ — ​ — ​ — ​ 11,955 ​ 11,955 ​ — ​ ​ 421 ​ — ​ — ​ 421 ​ 129,210 ​ 129,631 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 719 ​ 49 ​ 375 ​ 1,143 ​ 91,457 ​ 92,600 ​ 375 Guaranteed student loans ​ 588 ​ 342 ​ 2,200 ​ 3,130 ​ 12,652 ​ 15,782 ​ 2,200 Consumer and other ​ — ​ — ​ — ​ — ​ 4,596 ​ 4,596 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,728 ​ $ 391 ​ $ 2,575 ​ $ 4,694 ​ $ 586,644 ​ $ 591,338 ​ $ 2,575 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ Residential ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 10,471 ​ $ 10,471 ​ $ — Commercial ​ — ​ — ​ — ​ — ​ 37,024 ​ 37,024 ​ — ​ ​ — ​ — ​ — ​ — ​ 47,495 ​ 47,495 ​ — Commercial real estate ​ ​ ​ ​ ​ ​ ​ Owner occupied ​ — ​ — ​ — ​ — ​ 122,666 ​ 122,666 ​ — Non-owner occupied ​ — ​ — ​ — ​ — ​ 154,855 ​ 154,855 ​ — Multifamily ​ — ​ — ​ — ​ — ​ 12,743 ​ 12,743 ​ — Farmland ​ — ​ — ​ — ​ — ​ 326 ​ 326 ​ — ​ ​ — ​ — ​ — ​ — ​ 290,590 ​ 290,590 ​ — Consumer real estate ​ ​ ​ ​ ​ ​ ​ Home equity lines ​ 83 ​ 25 ​ — ​ 108 ​ 21,449 ​ 21,557 ​ — Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ — ​ — ​ — ​ — ​ 95,638 ​ 95,638 ​ — Second deed of trust ​ 33 ​ — ​ — ​ 33 ​ 11,304 ​ 11,337 ​ — ​ ​ 116 ​ 25 ​ — ​ 141 ​ 128,391 ​ 128,532 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ — ​ — ​ — ​ — ​ 86,203 ​ 86,203 ​ — Guaranteed student loans ​ 690 ​ 493 ​ 2,228 ​ 3,411 ​ 14,512 ​ 17,923 ​ 2,228 Consumer and other ​ 734 ​ — ​ — ​ 734 ​ 3,531 ​ 4,265 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total loans ​ $ 1,540 ​ $ 518 ​ $ 2,228 ​ $ 4,286 ​ $ 570,722 ​ $ 575,008 ​ $ 2,228
Schedule of impaired loans, after ASU 2016-13	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ ​ Investment ​ Balance ​ Allowance ​ Investment ​ Balance ​ Allowance With no related allowance recorded ​ ​ ​ ​ ​ ​ Secured by 1‑4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ $ 159 ​ $ 159 ​ $ — ​ $ 160 ​ $ 160 ​ $ — Second deed of trust ​ 100 ​ 100 ​ — ​ 105 ​ 105 ​ — ​ ​ 259 ​ 259 ​ — ​ 265 ​ 265 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 22 ​ 22 ​ — ​ 26 ​ 26 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 281 ​ 281 ​ — ​ 291 ​ 291 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ ​ ​ Secured by 1-4 family residential, ​ ​ ​ ​ ​ ​ First deed of trust ​ 159 ​ 159 ​ — ​ 160 ​ 160 ​ — Second deed of trust ​ 100 ​ 100 ​ — ​ 105 ​ 105 ​ — ​ ​ 259 ​ 259 ​ — ​ 265 ​ 265 ​ — Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 22 ​ 22 ​ — ​ 26 ​ 26 ​ — Consumer and other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 281 ​ $ 281 ​ $ — ​ $ 291 ​ $ 291 ​ $ —
Schedule of average recorded investment in impaired loans	The following is a summary of average recorded investment in collateral dependent 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 Three Months Ended ​ ​ March 31, 2024 ​ March 31, 2023 ​ ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded ​ ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ $ — ​ $ — ​ $ 3,468 ​ $ 16 Non-owner occupied ​ — ​ — ​ 496 ​ — ​ ​ — ​ — ​ 3,964 ​ 16 Consumer real estate ​ ​ ​ ​ Home equity lines ​ — ​ — ​ 300 ​ 6 Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ 160 ​ 2 ​ 1,394 ​ 2 Second deed of trust ​ 103 ​ 5 ​ 186 ​ 1 ​ ​ 263 ​ 7 ​ 1,880 ​ 9 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 23 ​ — ​ 54 ​ 1 ​ ​ 286 ​ 7 ​ 5,898 ​ 26 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ — ​ — ​ 191 ​ — ​ ​ — ​ — ​ 191 ​ — Consumer real estate ​ ​ ​ ​ Secured by 1-4 family residential ​ ​ ​ ​ First deed of trust ​ — ​ — ​ 86 ​ — Second deed of trust ​ — ​ — ​ 8 ​ — ​ ​ — ​ — ​ 94 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and other ​ — ​ — ​ 16 ​ — ​ ​ — ​ — ​ 301 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ ​ ​ ​ Commercial real estate ​ ​ ​ ​ Owner occupied ​ — ​ — ​ 3,659 ​ 16 Non-owner occupied ​ — ​ — ​ 496 ​ — ​ ​ — ​ — ​ 4,155 ​ 16 Consumer real estate ​ ​ ​ ​ Home equity lines ​ — ​ — ​ 300 ​ 6 Secured by 1-4 family residential, ​ ​ ​ ​ First deed of trust ​ 160 ​ 2 ​ 1,480 ​ 2 Second deed of trust ​ 103 ​ 5 ​ 194 ​ 1 ​ ​ 263 ​ 7 ​ 1,974 ​ 9 Commercial and industrial loans ​ ​ ​ ​ (except those secured by real estate) ​ 23 ​ — ​ 54 ​ 1 Consumer and other ​ — ​ — ​ 16 ​ — ​ ​ $ 286 ​ $ 7 ​ $ 6,199 ​ $ 26
Schedule of activity in the allowance for loan losses	Activity in the allowance for credit losses on loans is as follows for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ (29) ​ $ — ​ $ — ​ $ 57 Commercial ​ 228 ​ (26) ​ — ​ — ​ 202 ​ ​ 314 ​ (55) ​ — ​ — ​ 259 Commercial real estate ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ 28 ​ — ​ — ​ 437 Non-owner occupied ​ 1,467 ​ 129 ​ — ​ — ​ 1,596 Multifamily ​ 44 ​ 42 ​ — ​ — ​ 86 Farmland ​ 3 ​ (3) ​ — ​ — ​ — ​ ​ 1,923 ​ 196 ​ — ​ — ​ 2,119 Consumer real estate ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ (18) ​ — ​ 10 ​ 32 Secured by 1-4 family residential ​ ​ — ​ ​ ​ First deed of trust ​ 293 ​ 4 ​ — ​ 1 ​ 298 Second deed of trust ​ 99 ​ (6) ​ — ​ 5 ​ 98 ​ ​ 432 ​ (20) ​ — ​ 16 ​ 428 Commercial and industrial loans ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ 22 ​ — ​ 4 ​ 666 Student loans ​ 57 ​ 4 ​ (6) ​ — ​ 55 Consumer and other ​ 36 ​ — ​ — ​ — ​ 36 Unallocated ​ 21 ​ (10) ​ — ​ — ​ 11 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ 137 ​ $ (6) ​ $ 20 ​ $ 3,574 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Credit Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ (31) ​ $ — ​ $ — ​ $ 51 Commercial ​ 192 ​ 34 ​ 38 ​ — ​ — ​ 264 ​ ​ 271 ​ 37 ​ 7 ​ — ​ — ​ 315 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ (1) ​ — ​ — ​ 391 Non-owner occupied ​ 1,289 ​ 192 ​ (21) ​ — ​ — ​ 1,460 Multifamily ​ 33 ​ 7 ​ — ​ — ​ — ​ 40 Farmland ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ 2,189 ​ (276) ​ (22) ​ — ​ — ​ 1,891 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ (2) ​ — ​ — ​ 33 Secured by 1-4 family residential ​ ​ ​ — ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 6 ​ — ​ 1 ​ 214 Second deed of trust ​ 43 ​ 25 ​ 5 ​ — ​ 2 ​ 75 ​ ​ 185 ​ 125 ​ 9 ​ — ​ 3 ​ 322 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (34) ​ — ​ 6 ​ 549 Student loans ​ 52 ​ — ​ 63 ​ (3) ​ — ​ 112 Consumer and other ​ 37 ​ (5) ​ 2 ​ — ​ — ​ 34 Unallocated ​ 60 ​ (9) ​ (2) ​ — ​ — ​ 49 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 23 ​ $ (3) ​ $ 9 ​ $ 3,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impact of ​ Provision for ​ ​ ​ ​ ​ ​ ​ ​ Beginning ​ adopting ​ (Recovery of) ​ ​ ​ ​ ​ ​ ​ Ending ​ ​ Balance ​ ASC 326 ​ Loan Losses ​ Charge-offs ​ Recoveries ​ Balance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ $ 79 ​ $ 3 ​ $ 4 ​ $ — ​ $ — ​ $ 86 Commercial ​ 192 ​ 34 ​ 2 ​ — ​ — ​ 228 ​ ​ 271 ​ 37 ​ 6 ​ — ​ — ​ 314 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 867 ​ (475) ​ 17 ​ — ​ — ​ 409 Non-owner occupied ​ 1,289 ​ 192 ​ (14) ​ — ​ — ​ 1,467 Multifamily ​ 33 ​ 7 ​ 4 ​ — ​ — ​ 44 Farmland ​ — ​ — ​ 3 ​ — ​ — ​ 3 ​ ​ 2,189 ​ (276) ​ 10 ​ — ​ — ​ 1,923 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 11 ​ 24 ​ 5 ​ — ​ — ​ 40 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ First deed of trust ​ 131 ​ 76 ​ 83 ​ — ​ 3 ​ 293 Second deed of trust ​ 43 ​ 25 ​ 15 ​ — ​ 16 ​ 99 ​ ​ 185 ​ 125 ​ 103 ​ — ​ 19 ​ 432 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 576 ​ 1 ​ (110) ​ — ​ 173 ​ 640 Student loans ​ 52 ​ — ​ 35 ​ (30) ​ — ​ 57 Consumer and other ​ 37 ​ (5) ​ 7 ​ (3) ​ — ​ 36 Unallocated ​ 60 ​ (9) ​ (30) ​ — ​ — ​ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,370 ​ $ (127) ​ $ 21 ​ $ (33) ​ $ 192 ​ $ 3,423
Schedule of provision for credit losses	The following table presents a breakdown of the provision for credit losses for the periods indicated (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 ​ Provision for credit losses: ​ ​ ​ ​ ​ Provision for loans ​ $ 137 ​ $ 23 ​ Provision (recovery) for unfunded commitments ​ ​ 13 ​ ​ (23) ​ Total ​ $ 150 ​ $ — ​
Schedule of loans evaluated for impairment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded Investment in Loans ​ ​ Allowance ​ Loans ​ Ending ​ ​ ​ ​ Ending ​ ​ ​ ​ ​ Balance Individually Collectively Balance Individually Collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 57 ​ $ — ​ $ 57 ​ $ 9,077 ​ $ — ​ $ 9,077 Commercial ​ 202 ​ — ​ 202 ​ 34,437 ​ — ​ 34,437 ​ ​ 259 ​ — ​ 259 ​ 43,514 ​ — ​ 43,514 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 437 ​ — ​ 437 ​ 121,429 ​ — ​ 121,429 Non-owner occupied ​ 1,596 ​ — ​ 1,596 ​ 165,508 ​ — ​ 165,508 Multifamily ​ 86 ​ — ​ 86 ​ 18,254 ​ — ​ 18,254 Farmland ​ — ​ — ​ — ​ 24 ​ — ​ 24 ​ ​ 2,119 ​ — ​ 2,119 ​ 305,215 ​ — ​ 305,215 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 32 ​ — ​ 32 ​ 21,682 ​ — ​ 21,682 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 298 ​ — ​ 298 ​ 95,994 ​ 159 ​ 95,835 Second deed of trust ​ 98 ​ — ​ 98 ​ 11,955 ​ 100 ​ 11,855 ​ ​ 428 ​ — ​ 428 ​ 129,631 ​ 259 ​ 129,372 Commercial and industrial loans ​ ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 666 ​ — ​ 666 ​ 92,600 ​ 22 ​ 92,578 Student loans ​ 55 ​ — ​ 55 ​ 15,782 ​ — ​ 15,782 Consumer and other ​ 47 ​ — ​ 47 ​ 4,596 ​ — ​ 4,596 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,574 ​ $ — ​ $ 3,574 ​ $ 591,338 ​ $ 281 ​ $ 591,057 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2023 ​ ​ ​ ​ ​ ​ ​ Construction and land development ​ ​ ​ ​ ​ ​ Residential ​ $ 86 ​ $ — ​ $ 86 ​ $ 10,471 ​ $ — ​ $ 10,471 Commercial ​ 228 ​ — ​ 228 ​ 37,024 ​ — ​ 37,024 ​ ​ 314 ​ — ​ 314 ​ 47,495 ​ — ​ 47,495 Commercial real estate ​ ​ ​ ​ ​ ​ Owner occupied ​ 409 ​ — ​ 409 ​ 122,666 ​ — ​ 122,666 Non-owner occupied ​ 1,467 ​ — ​ 1,467 ​ 154,855 ​ — ​ 154,855 Multifamily ​ 44 ​ — ​ 44 ​ 12,743 ​ — ​ 12,743 Farmland ​ 3 ​ — ​ 3 ​ 326 ​ — ​ 326 ​ ​ 1,923 ​ — ​ 1,923 ​ 290,590 ​ — ​ 290,590 Consumer real estate ​ ​ ​ ​ ​ ​ Home equity lines ​ 40 ​ — ​ 40 ​ 21,557 ​ — ​ 21,557 Secured by 1-4 family residential ​ ​ ​ ​ ​ ​ ​ First deed of trust ​ 293 ​ — ​ 293 ​ 95,638 ​ 160 ​ 95,478 Second deed of trust ​ 99 ​ — ​ 99 ​ 11,337 ​ 105 ​ 11,232 ​ ​ 432 ​ — ​ 432 ​ 128,532 ​ 265 ​ 128,267 Commercial and industrial loans ​ ​ ​ ​ ​ ​ (except those secured by real estate) ​ 640 ​ — ​ 640 ​ 86,203 ​ 26 ​ 86,177 Student loans ​ 57 ​ — ​ 57 ​ 17,923 ​ — ​ 17,923 Consumer and other ​ 57 ​ — ​ 57 ​ 4,265 ​ — ​ 4,265 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 3,423 ​ $ — ​ $ 3,423 ​ $ 575,008 ​ $ 291 ​ $ 574,717 ​

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2024
Deposits
Schedule of deposits	Deposits as of March 31, 2024 and December 31, 2023 were as follows (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ December 31, 2023 ​ Amount % Amount % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand accounts ​ $ 230,118 37.1 % $ 247,624 40.9 % Interest checking accounts ​ 78,739 12.7 % 76,289 12.6 % Money market accounts ​ 207,640 33.5 % 195,249 32.3 % Savings accounts ​ 35,238 5.7 % 39,633 6.5 % Time deposits of $250,000 and over ​ 31,355 5.0 % 9,145 1.5 % Other time deposits ​ 37,179 6.0 % 37,405 6.2 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total ​ $ 620,269 100.0 % $ 605,345 100.0 % ​

Stock incentive plan (Tables)

Stock incentive plan (Tables)	3 Months Ended
	Mar. 31, 2024
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: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ ​ 2024 ​ 2023 ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ ​ Exercise ​ Fair Value ​ Intrinsic ​ ​ Options ​ Price ​ Per Share ​ Value ​ Options ​ Price ​ Per Share ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options outstanding, beginning of period — ​ $ — ​ $ — ​ ​ ​ 14 ​ $ 25.63 ​ $ 9.76 ​ ​ Granted — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Forfeited — ​ — ​ — ​ ​ ​ — ​ — ​ — ​ ​ Exercised — ​ — ​ $ — ​ ​ ​ — ​ — ​ — ​ ​ Options outstanding, end of period — ​ $ — ​ $ — ​ $ — ​ 14 ​ $ 25.28 ​ $ 9.76 ​ $ — Options exercisable, end of period — ​ ​ ​ ​ ​ ​ 14 ​ ​ ​ ​ ​
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 three months ended March 31, 2024 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted- ​ ​ ​ ​ ​ ​ Average ​ Aggregate ​ ​ ​ ​ Grant-Date ​ Intrinsic ​ ​ Shares ​ Fair-Value ​ Value ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 31,077 ​ $ 45.93 ​ $ 1,320,773 Granted — ​ — ​ — Vested (4,179) ​ 52.32 ​ (177,608) Forfeited ​ — ​ ​ — ​ ​ — Other (1) (787) ​ 58.95 ​ (33,448) March 31, 2024 26,111 ​ $ 44.52 ​ $ 1,109,718 (1) Represents the incremental decrease in shares that vested based on the restricted stock units vesting at a lower value as opposed to the targeted value of the award.

Fair value (Tables)

Fair value (Tables)	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 678 ​ $ — ​ $ 678 ​ $ — Mortgage-backed securities ​ 69,907 ​ — ​ ​ 69,907 ​ — Municipals ​ ​ 1,652 ​ ​ — ​ ​ 1,652 ​ ​ — Subordinated debt ​ 10,547 ​ — ​ 10,047 ​ 500 Loans held for sale ​ ​ 7,019 ​ ​ — ​ ​ 7,019 ​ ​ — IRLC ​ ​ 293 ​ ​ — ​ ​ 293 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 42 ​ ​ — ​ ​ 42 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurement ​ ​ at December 31, 2023 Using ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ in Active ​ Other ​ Significant ​ ​ ​ ​ ​ Markets for ​ Observable ​ Unobservable ​ ​ Carrying ​ Identical Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) Financial Assets - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Government Agencies ​ $ 20,615 ​ $ — ​ $ 20,615 ​ $ — Mortgage-backed securities ​ 72,537 ​ — ​ 72,537 ​ — Municipals ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — Subordinated debt ​ 10,777 ​ — ​ 10,277 ​ ​ 500 Loans held for sale ​ ​ 4,983 ​ ​ — ​ ​ 4,983 ​ ​ — IRLC ​ ​ 271 ​ ​ — ​ ​ 271 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities - Recurring ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Forward sales commitment ​ ​ 506 ​ ​ — ​ ​ 506 ​ ​ —
Schedule of company's financial instruments whether or not recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ ​ ​ 2024 ​ 2023 ​ Level in Fair ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Value ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ ​ Hierarchy ​ Value ​ Fair Value ​ Value ​ Fair Value Financial assets ​ ​ ​ ​ Cash Level 1 ​ $ 13,073 ​ $ 13,073 ​ $ 10,383 ​ $ 10,383 Cash equivalents Level 2 ​ 19,323 ​ 19,323 ​ 7,331 ​ 7,331 Investment securities available for sale Level 2 ​ 82,284 ​ 82,284 ​ 105,085 ​ 105,085 Investment securities available for sale Level 3 ​ 500 ​ 500 ​ 500 ​ 500 Federal Home Loan Bank stock Level 2 ​ 2,644 ​ 2,644 ​ 2,644 ​ 2,644 Loans held for sale Level 2 ​ 7,019 ​ 7,019 ​ 4,983 ​ 4,983 Loans Level 3 ​ 591,338 ​ 567,741 ​ 575,008 ​ 547,935 Bank owned life insurance Level 2 ​ 13,198 ​ 13,198 ​ 13,120 ​ 13,120 Accrued interest receivable Level 2 ​ 3,531 ​ 3,531 ​ 3,827 ​ 3,827 Interest rate lock commitments ​ Level 2 ​ ​ 293 ​ ​ 293 ​ ​ 271 ​ ​ 271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities ​ ​ ​ ​ Deposits Level 2 ​ 620,269 ​ 620,673 ​ 605,345 ​ 605,226 FHLB borrowings Level 2 ​ 40,000 ​ 39,886 ​ 45,000 ​ 44,999 Trust preferred securities Level 2 ​ 8,764 ​ 8,969 ​ 8,764 ​ 8,848 Other borrowings Level 2 ​ 5,700 ​ 5,700 ​ 5,700 ​ 5,700 Accrued interest payable Level 2 ​ 406 ​ 406 ​ 210 ​ 210 Forward sales commitment ​ Level 2 ​ ​ 42 ​ ​ 42 ​ ​ 506 ​ ​ 506 ​

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting
Schedule of segment information	The following table presents segment information as of and for the three months ended March 31, 2024 and 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Three Months Ended March 31, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 9,243 ​ $ 92 ​ $ — ​ $ 9,335 Mortgage banking income, net ​ — ​ 909 ​ (59) ​ 850 Other revenues ​ 795 ​ — ​ (41) ​ 754 Total revenues ​ 10,038 ​ 1,001 ​ (100) ​ 10,939 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Provision for credit losses ​ ​ 150 ​ ​ — ​ ​ — ​ ​ 150 Interest expense ​ 2,939 ​ — ​ — ​ 2,939 Salaries and benefits ​ 2,785 ​ 679 ​ — ​ 3,464 Other expenses ​ 2,030 ​ 235 ​ (100) ​ 2,165 Total operating expenses ​ 7,904 ​ 914 ​ (100) ​ 8,718 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income before income taxes ​ ​ 2,134 ​ ​ 87 ​ ​ — ​ ​ 2,221 Income tax expense ​ ​ 431 ​ ​ 18 ​ ​ — ​ ​ 449 Net income ​ $ 1,703 ​ $ 69 ​ $ — ​ $ 1,772 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 756,005 ​ $ 16,777 ​ $ (25,910) ​ $ 746,872 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Mortgage ​ ​ Consolidated ​ ​ Banking ​ Banking ​ Eliminations ​ Totals Three Months Ended March 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revenues ​ ​ ​ ​ Interest income ​ $ 7,543 ​ $ 40 ​ $ — ​ $ 7,583 Mortgage banking income, net ​ — ​ 538 ​ (60) ​ 478 Other revenues ​ 821 ​ — ​ — ​ 821 Total revenues ​ 8,364 ​ 578 ​ (60) ​ 8,882 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expenses ​ ​ ​ ​ Interest expense ​ 1,218 ​ — ​ — ​ 1,218 Salaries and benefits ​ 2,742 ​ 706 ​ — ​ 3,448 Other expenses ​ 2,137 ​ 274 ​ (60) ​ 2,351 Total operating expenses ​ 6,097 ​ 980 ​ (60) ​ 7,017 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Income (loss) before income taxes ​ ​ 2,267 ​ ​ (402) ​ ​ — ​ ​ 1,865 Income tax expense (benefit) ​ ​ 409 ​ ​ (84) ​ ​ — ​ ​ 325 Net income (loss) ​ $ 1,858 ​ $ (318) ​ $ — ​ $ 1,540 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total assets ​ $ 749,402 ​ $ 17,878 ​ $ (32,483) ​ $ 734,797 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Shareholders' Equity and Regu_2

Shareholders' Equity and Regulatory Matters (Tables)	3 Months Ended
	Mar. 31, 2024
Shareholders' Equity and Regulatory Matters
Schedule of accumulated other comprehensive income (loss)	The following table presents the change in accumulated other comprehensive loss for the three months ended March 31, 2024 and year ended December 31, 2023 and is summarized as follows, net of tax (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) Other comprehensive loss ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss before reclassification ​ ​ ​ ​ ​ - ​ ​ - Amounts reclassified from AOCI into earnings ​ ​ (782) ​ ​ - ​ ​ (782) Net current period other comprehensive loss ​ ​ (782) ​ ​ - ​ ​ (782) Accumulated other comprehensive loss March 31, 2024 ​ $ (6,386) ​ $ (9) ​ $ (6,395) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unrealized ​ Defined ​ ​ ​ ​ ​ Losses on AFS ​ Benefit ​ ​ ​ ​ ​ Securities ​ Plan ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive loss December 31, 2022 ​ $ (10,863) ​ $ (18) ​ $ (10,881) Other comprehensive income ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income before reclassification ​ ​ 1,320 ​ ​ 9 ​ ​ 1,329 Amounts reclassified from AOCI into earnings ​ ​ 3,939 ​ ​ - ​ ​ 3,939 Net current period other comprehensive income ​ ​ 5,259 ​ ​ 9 ​ ​ 5,268 Accumulated other comprehensive loss December 31, 2023 ​ $ (5,604) ​ $ (9) ​ $ (5,613) ​
Schedule of capital amounts and ratios	The capital amounts and ratios at March 31, 2024 and December 31, 2023 for the Bank are presented in the table below (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Requirements ​ ​ ​ ​ ​ ​ ​ ​ Actual ​ Including Conservation Buffer (1) ​ To be Well Capitalized ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2024 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 88,249 14.13 % ​ $ 65,568 10.50 % ​ $ 62,446 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 84,355 13.51 % ​ 53,079 8.50 % ​ 49,957 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 84,355 11.36 % ​ 29,698 4.00 % ​ 37,122 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 84,355 13.51 % ​ 43,712 7.00 % ​ 40,590 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Total capital (to risk- weighted assets) Village Bank ​ $ 86,493 14.49 % ​ $ 62,679 10.50 % ​ $ 59,695 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Tier 1 capital (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 50,740 8.50 % ​ 47,756 8.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio (Tier 1 capital to average assets) Village Bank ​ 82,764 11.14 % ​ 29,706 4.00 % ​ 37,133 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Common equity tier 1 (to risk- weighted assets) Village Bank ​ 82,764 13.86 % ​ 41,786 7.00 % ​ 38,801 6.50 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) ​

Commitments and contingencies (

Commitments and contingencies (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and contingencies
Schedule of off balance sheet financial instruments	At March 31, 2024 and December 31, 2023, the Company had the following approximate off-balance-sheet financial instruments whose contract amounts represent credit risk (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ Undisbursed credit lines ​ $ 137,230 ​ $ 127,918 Commitments to extend or originate credit ​ 11,298 ​ 7,463 Standby letters of credit ​ 1,246 ​ 1,202 ​ ​ ​ ​ ​ ​ ​ Total commitments to extend credit ​ $ 149,774 ​ $ 136,583

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2024 USD ($) position segment	Dec. 31, 2023 USD ($) position
Accounting Policies [Line Items]
Loans held for sale	$ 7	$ 5
Number of reportable segments | segment	2
Other Assets
Accounting Policies [Line Items]
Forward sales commitments notional amount	$ 11.3	$ 7.5
Forward sales commitments total positions | position	36	27
Other Liabilities
Accounting Policies [Line Items]
IRLC total positions | position	58	47
Forward sales commitments notional amount	$ 18.2	$ 12.3

Principles of presentation - Im

Principles of presentation - Impact of ASC 326 (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Allowance Ending Balance	$ 3,574,000	$ 3,423,000		$ 3,270,000	$ 3,370,000
Total Allowance for credit losses	3,574,000	3,423,000		3,270,000	3,370,000
Allowance for credit losses on unfunded credit exposure	320,000			254,000
Total Allowance for credit losses	3,890,000			3,530,000
Retained earnings	13,278,000	11,775,000
Construction and land development
Allowance Ending Balance	259,000	314,000	$ 259,000	315,000	271,000
Total Allowance for credit losses	259,000	314,000	259,000	315,000	271,000
Construction and land development | Residential
Allowance Ending Balance	57,000	86,000		51,000	79,000
Total Allowance for credit losses	57,000	86,000		51,000	79,000
Construction and land development | Commercial
Allowance Ending Balance	202,000	228,000		264,000	192,000
Total Allowance for credit losses	202,000	228,000		264,000	192,000
Commercial real estate
Allowance Ending Balance	2,119,000	1,923,000	2,119,000	1,891,000	2,189,000
Total Allowance for credit losses	2,119,000	1,923,000	2,119,000	1,891,000	2,189,000
Commercial real estate | Owner occupied
Allowance Ending Balance	437,000	409,000		391,000	867,000
Total Allowance for credit losses	437,000	409,000		391,000	867,000
Commercial real estate | Non-owner occupied
Allowance Ending Balance	1,596,000	1,467,000		1,460,000	1,289,000
Total Allowance for credit losses	1,596,000	1,467,000		1,460,000	1,289,000
Commercial real estate | Multifamily
Allowance Ending Balance	86,000	44,000		40,000	33,000
Total Allowance for credit losses	86,000	44,000		40,000	33,000
Commercial real estate | Farmland
Allowance Ending Balance		3,000
Total Allowance for credit losses		3,000
Consumer real estate secured by 1-4 family residential
Allowance Ending Balance	428,000	432,000	428,000	322,000	185,000
Total Allowance for credit losses	428,000	432,000	$ 428,000	322,000	185,000
Consumer real estate secured by 1-4 family residential | Home equity lines
Allowance Ending Balance	32,000	40,000		33,000	11,000
Total Allowance for credit losses	32,000	40,000		33,000	11,000
Consumer real estate secured by 1-4 family residential | First deed of trust
Allowance Ending Balance	298,000	293,000		214,000	131,000
Total Allowance for credit losses	298,000	293,000		214,000	131,000
Consumer real estate secured by 1-4 family residential | Second deed of trust
Allowance Ending Balance	98,000	99,000		75,000	43,000
Total Allowance for credit losses	98,000	99,000		75,000	43,000
Commercial and industrial loans
Allowance Ending Balance				3,272,000	3,370,000
Total Allowance for credit losses				3,272,000	3,370,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Allowance Ending Balance	666,000	640,000		549,000	576,000
Total Allowance for credit losses	666,000	640,000		549,000	576,000
Commercial and industrial loans | Guaranteed student loans
Allowance Ending Balance	55,000	57,000		112,000	52,000
Total Allowance for credit losses	55,000	57,000		112,000	52,000
Commercial and industrial loans | Consumer and other
Allowance Ending Balance	36,000	36,000		34,000	37,000
Total Allowance for credit losses	36,000	36,000		34,000	37,000
Commercial and industrial loans | Unallocated
Allowance Ending Balance	11,000	21,000		49,000	60,000
Total Allowance for credit losses	$ 11,000	$ 21,000		$ 49,000	$ 60,000

Earnings per common share (Deta

Earnings per common share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Numerator
Net income - basic and diluted	$ 1,772	$ 1,540
Denominator
Weighted average shares outstanding - basic ( in shares)	1,493	1,484
Weighted average shares outstanding - diluted (in shares)	1,493	1,484
Earnings per share - basic (in dollars per share)	$ 1.19	$ 1.04
Earnings per share - diluted (in dollars per share)	$ 1.19	$ 1.04

Earnings per common share - Add

Earnings per common share - Additional Information (Details) - shares	Mar. 31, 2024	Mar. 31, 2023
Earnings per common share
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	10,252	10,658

Investment securities availab_3

Investment securities available for sale - Amortized cost and fair value of investment securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 90,866	$ 112,678
Gross Unrealized Gains	290	673
Gross Unrealized Losses	(8,372)	(7,766)
Fair Value	82,784	105,585
U.S. Government agencies obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	695	20,690
Gross Unrealized Losses	(17)	(75)
Fair Value	678	20,615
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	75,706	77,275
Gross Unrealized Gains	261	643
Gross Unrealized Losses	(6,060)	(5,381)
Fair Value	69,907	72,537
Municipals
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,263	2,264
Gross Unrealized Losses	(611)	(608)
Fair Value	1,652	1,656
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	12,202	12,449
Gross Unrealized Gains	29	30
Gross Unrealized Losses	(1,684)	(1,702)
Fair Value	$ 10,547	$ 10,777

Investment securities availab_4

Investment securities available for sale - Summary of investment securities available for sale having fair value and unrealized loss position (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	$ 13,335	$ 8,776
Securities in a loss position for less than 12 Months, Unrealized Losses	(544)	(611)
Securities in a loss position for more than 12 Months, Fair Value	40,289	58,193
Securities in a loss Position for more than 12 Months, Unrealized Losses	(7,828)	(7,155)
Total Fair Value	53,624	66,969
Total Unrealized Losses	(8,372)	(7,766)
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	322
Securities in a loss position for less than 12 Months, Unrealized Losses	(1)
Securities in a loss position for more than 12 Months, Fair Value	356	20,289
Securities in a loss Position for more than 12 Months, Unrealized Losses	(16)	(75)
Total Fair Value	678	20,289
Total Unrealized Losses	(17)	(75)
Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	10,224	4,631
Securities in a loss position for less than 12 Months, Unrealized Losses	(100)	(24)
Securities in a loss position for more than 12 Months, Fair Value	31,221	30,311
Securities in a loss Position for more than 12 Months, Unrealized Losses	(5,960)	(5,357)
Total Fair Value	41,445	34,942
Total Unrealized Losses	(6,060)	(5,381)
Municipals
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for more than 12 Months, Fair Value	1,652	1,656
Securities in a loss Position for more than 12 Months, Unrealized Losses	(611)	(608)
Total Fair Value	1,652	1,656
Total Unrealized Losses	(611)	(608)
Subordinated debt
Schedule of Available-for-sale Securities [Line Items]
Securities in a loss position for less than 12 Months, Fair Value	2,789	4,145
Securities in a loss position for less than 12 Months, Unrealized Losses	(443)	(587)
Securities in a loss position for more than 12 Months, Fair Value	7,060	5,937
Securities in a loss Position for more than 12 Months, Unrealized Losses	(1,241)	(1,115)
Total Fair Value	9,849	10,082
Total Unrealized Losses	$ (1,684)	$ (1,702)

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	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
One to five years	$ 10,834
Five to ten years	17,098
More than ten years	62,934
Total	90,866
Fair Value
One to five years	10,823
Five to ten years	15,485
More than ten years	56,476
Total	$ 82,784	$ 105,585

Investment securities availab_6

Investment securities available for sale - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) item	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Investment securities available for sale
Pledged Financial Instruments, Not Separately Reported, Securities for Federal Home Loan Bank	$ 575,000		$ 24,926,000
Amortized Cost	90,866,000		112,678,000
Proceeds from the sale of available-for-sale securities	$ 0	$ 0
Number of positions, Total months | item	60
Total Fair Value	$ 53,624,000		66,969,000
Total Unrealized Losses	$ 8,372,000		$ 7,766,000

Loans and allowances for loan l

Loans and allowances for loan losses - Classified by type (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (3,574)	$ (3,423)		$ (3,270)	$ (3,370)
Percentage of class of loans to loan portfolio (in percent)	100%	100%
Loans
Total loans	$ 591,338	$ 575,008	$ 591,338
Deferred (fees) and costs, net	750	803
Less: allowance for credit losses	(3,574)	(3,423)		(3,270)	(3,370)
Total loans, net	588,514	572,388
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (259)	$ (314)	(259)	(315)	(271)
Percentage of class of loans to loan portfolio (in percent)	7.36%	8.26%
Loans
Total loans	$ 43,514	$ 47,495	43,514
Less: allowance for credit losses	(259)	(314)	(259)	(315)	(271)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (2,119)	$ (1,923)	(2,119)	(1,891)	(2,189)
Percentage of class of loans to loan portfolio (in percent)	51.61%	50.54%
Loans
Total loans	$ 305,215	$ 290,590	305,215
Less: allowance for credit losses	(2,119)	(1,923)	(2,119)	(1,891)	(2,189)
Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (428)	$ (432)	(428)	(322)	(185)
Percentage of class of loans to loan portfolio (in percent)	21.92%	22.35%
Loans
Total loans	$ 129,631	$ 128,532	129,631
Less: allowance for credit losses	(428)	(432)	(428)	(322)	(185)
Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses				(3,272)	(3,370)
Loans
Less: allowance for credit losses				(3,272)	(3,370)
Residential | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (57)	$ (86)		(51)	(79)
Percentage of class of loans to loan portfolio (in percent)	1.53%	1.82%
Loans
Total loans	$ 9,077	$ 10,471	9,077
Less: allowance for credit losses	(57)	(86)		(51)	(79)
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (202)	$ (228)		(264)	(192)
Percentage of class of loans to loan portfolio (in percent)	5.83%	6.44%
Loans
Total loans	$ 34,437	$ 37,024	34,437
Less: allowance for credit losses	(202)	(228)		(264)	(192)
Owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (437)	$ (409)		(391)	(867)
Percentage of class of loans to loan portfolio (in percent)	20.53%	21.33%
Loans
Total loans	$ 121,429	$ 122,666	121,429
Less: allowance for credit losses	(437)	(409)		(391)	(867)
Non-owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (1,596)	$ (1,467)		(1,460)	(1,289)
Percentage of class of loans to loan portfolio (in percent)	27.99%	26.93%
Loans
Total loans	$ 165,508	$ 154,855	165,508
Less: allowance for credit losses	(1,596)	(1,467)		(1,460)	(1,289)
Multifamily | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (86)	$ (44)		(40)	(33)
Percentage of class of loans to loan portfolio (in percent)	3.09%	2.22%
Loans
Total loans	$ 18,254	$ 12,743	18,254
Less: allowance for credit losses	$ (86)	(44)		(40)	(33)
Farmland | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses		$ (3)
Percentage of class of loans to loan portfolio (in percent)	0%	0.06%
Loans
Total loans	$ 24	$ 326	24
Less: allowance for credit losses		(3)
Home equity lines | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (32)	$ (40)		(33)	(11)
Percentage of class of loans to loan portfolio (in percent)	3.67%	3.75%
Loans
Total loans	$ 21,682	$ 21,557	21,682
Less: allowance for credit losses	(32)	(40)		(33)	(11)
First deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (298)	$ (293)		(214)	(131)
Percentage of class of loans to loan portfolio (in percent)	16.23%	16.63%
Loans
Total loans	$ 95,994	$ 95,638	95,994
Less: allowance for credit losses	(298)	(293)		(214)	(131)
Second deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (98)	$ (99)		(75)	(43)
Percentage of class of loans to loan portfolio (in percent)	2.02%	1.97%
Loans
Total loans	$ 11,955	$ 11,337	11,955
Less: allowance for credit losses	(98)	(99)		(75)	(43)
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (666)	$ (640)		(549)	(576)
Percentage of class of loans to loan portfolio (in percent)	15.66%	14.99%
Loans
Total loans	$ 92,600	$ 86,203	92,600
Less: allowance for credit losses	(666)	(640)		(549)	(576)
Guaranteed student loans | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (55)	$ (57)		(112)	(52)
Percentage of class of loans to loan portfolio (in percent)	2.67%	3.12%
Loans
Total loans	$ 15,782	$ 17,923	15,782
Less: allowance for credit losses	(55)	(57)		(112)	(52)
Consumer and other | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Less: allowance for credit losses	$ (36)	$ (36)		(34)	(37)
Percentage of class of loans to loan portfolio (in percent)	0.78%	0.74%
Loans
Total loans	$ 4,596	$ 4,265	$ 4,596
Less: allowance for credit losses	$ (36)	$ (36)		$ (34)	$ (37)

Loans and allowance for loan _3

Loans and allowance for loan losses - Information on the risk rating of loans (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 591,338,000	$ 575,008,000	$ 591,338,000
Total loans	281,000	291,000
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total loans	43,514,000	47,495,000	43,514,000
Construction and land development | Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	9,077,000	10,471,000	9,077,000
Construction and land development | Commercial
Financing Receivable, Recorded Investment [Line Items]
Total loans	34,437,000	37,024,000	34,437,000
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total loans	305,215,000	290,590,000	305,215,000
Commercial real estate | Owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	121,429,000	122,666,000	121,429,000
Commercial real estate | Non-owner occupied
Financing Receivable, Recorded Investment [Line Items]
Total loans	165,508,000	154,855,000	165,508,000
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment [Line Items]
Total loans	18,254,000	12,743,000	18,254,000
Commercial real estate | Farmland
Financing Receivable, Recorded Investment [Line Items]
Total loans	24,000	326,000	24,000
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment [Line Items]
Total loans	129,631,000	128,532,000	129,631,000
Total loans	259,000	265,000
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Recorded Investment [Line Items]
Total loans	21,682,000	21,557,000	21,682,000
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	95,994,000	95,638,000	95,994,000
Total loans	159,000	160,000
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Recorded Investment [Line Items]
Total loans	11,955,000	11,337,000	11,955,000
Total loans	100,000	105,000
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment [Line Items]
Total loans	92,600,000	86,203,000	92,600,000
Total loans	22,000	26,000
Commercial and industrial loans | Guaranteed student loans
Financing Receivable, Recorded Investment [Line Items]
Total loans	15,782,000	17,923,000	15,782,000
Commercial and industrial loans | Consumer and other
Financing Receivable, Recorded Investment [Line Items]
Total loans	$ 4,596,000	$ 4,265,000	$ 4,596,000

Loans and allowance for loan _4

Loans and allowance for loan losses - Risk category of loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	$ 25,465
2022	91,092
2021	97,295
2020	91,832
2019	47,596
Prior	169,121
Revolving	68,937
Total loans	591,338	$ 575,008	$ 591,338
Current-period gross write-offs
2023	6
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	43,514	47,495	43,514
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	305,215	290,590	305,215
Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	129,631	128,532	129,631
Residential | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	876
2022	5,656
2021	2,206
2020	339
Total loans	9,077	10,471	9,077
Residential | Construction and land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	876
2022	5,656
2021	2,206
2020	339
Total loans			9,077
Commercial | Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	692
2022	6,649
2021	14,193
2020	10,331
2019	224
Prior	1,081
Revolving	1,267
Total loans	34,437	37,024	34,437
Commercial | Construction and land development | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	692
2022	6,649
2021	14,193
2020	10,331
2019	224
Prior	1,081
Revolving	1,267
Total loans			34,437
Owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	666
2022	12,518
2021	21,838
2020	19,220
2019	9,737
Prior	56,876
Revolving	574
Total loans	121,429	122,666	121,429
Owner occupied | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	666
2022	12,518
2021	21,638
2020	19,149
2019	9,276
Prior	52,199
Revolving	574
Total loans			116,020
Owner occupied | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	200
2020	71
2019	461
Prior	4,677
Total loans			5,409
Non-owner occupied | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,692
2022	9,425
2021	25,419
2020	30,403
2019	23,337
Prior	60,376
Revolving	9,856
Total loans	165,508	154,855	165,508
Non-owner occupied | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,692
2022	9,425
2021	25,419
2020	28,243
2019	23,337
Prior	57,626
Revolving	9,856
Total loans			160,598
Non-owner occupied | Commercial real estate | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2020	2,160
Prior	2,750
Total loans			4,910
Multifamily | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	5,250
2022	1,300
2020	2,434
2019	542
Prior	6,857
Revolving	1,871
Total loans	18,254	12,743	18,254
Multifamily | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	5,250
2022	1,300
2020	2,434
2019	542
Prior	6,857
Revolving	1,871
Total loans			18,254
Farmland | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	24
Total loans	24	326	24
Farmland | Commercial real estate | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	24
Total loans			24
Home equity lines | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	445
Revolving	21,237
Total loans	21,682	21,557	21,682
Home equity lines | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2021	445
Revolving	21,162
Total loans			21,607
Home equity lines | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Revolving	75
Total loans			75
First deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	4,330
2022	32,416
2021	14,608
2020	14,152
2019	8,006
Prior	20,358
Revolving	2,124
Total loans	95,994	95,638	95,994
First deed of trust | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	4,330
2022	32,416
2021	14,608
2020	14,152
2019	8,006
Prior	19,985
Revolving	2,124
Total loans			95,621
First deed of trust | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	214
Total loans			214
First deed of trust | Consumer real estate secured by 1-4 family residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	159
Total loans			159
Second deed of trust | Consumer real estate secured by 1-4 family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	681
2022	4,485
2021	3,088
2020	1,009
2019	388
Prior	1,782
Revolving	522
Total loans	11,955	11,337	11,955
Second deed of trust | Consumer real estate secured by 1-4 family residential | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	593
2022	4,485
2021	3,088
2020	1,009
2019	388
Prior	1,572
Revolving	522
Total loans			11,657
Second deed of trust | Consumer real estate secured by 1-4 family residential | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	88
Prior	110
Total loans			198
Second deed of trust | Consumer real estate secured by 1-4 family residential | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	100
Total loans			100
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,036
2022	18,219
2021	15,095
2020	13,837
2019	5,324
Prior	5,963
Revolving	28,126
Total loans	92,600	86,203	92,600
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	6,036
2022	18,185
2021	15,095
2020	13,837
2019	5,313
Prior	5,903
Revolving	27,757
Total loans			92,126
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Special Mention
Accounts, Notes, Loans and Financing Receivable [Line Items]
2022	34
Prior	49
Revolving	369
Total loans			452
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans | Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
2019	11
Prior	11
Total loans			22
Guaranteed student loans | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	15,782
Total loans	15,782	17,923	15,782
Current-period gross write-offs
2023	6
Guaranteed student loans | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
Prior	15,782
Total loans			15,782
Consumer and other | Commercial and industrial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	242
2022	424
2021	403
2020	107
2019	38
Prior	22
Revolving	3,360
Total loans	4,596	$ 4,265	4,596
Consumer and other | Commercial and industrial loans | Pass
Accounts, Notes, Loans and Financing Receivable [Line Items]
2023	242
2022	424
2021	403
2020	107
2019	38
Prior	22
Revolving	$ 3,360
Total loans			$ 4,596

Loans and allowance for loan _5

Loans and allowance for loan losses - Aging of recorded investment in past due loans and leases (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 591,338	$ 575,008	$ 591,338
Recorded Investment, 90 Days and Accruing		2,228
Recorded Investment, 90 Days and Accruing	$ 2,575
Federal Family Education Loan Program (FFELP) Guaranteed Loans [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Percentage of loans	98%
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 586,644	570,722
Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	4,694	4,286
30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,728	1,540
60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	391	518
Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	2,575	2,228
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	43,514	47,495	43,514
Construction and land development | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	43,514	47,495
Construction and land development | Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	9,077	10,471	9,077
Construction and land development | Residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	9,077	10,471
Construction and land development | Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	34,437	37,024	34,437
Construction and land development | Commercial | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	34,437	37,024
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	305,215	290,590	305,215
Commercial real estate | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	305,215	290,590
Commercial real estate | Owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	121,429	122,666	121,429
Commercial real estate | Owner occupied | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	121,429	122,666
Commercial real estate | Non-owner occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	165,508	154,855	165,508
Commercial real estate | Non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	165,508	154,855
Commercial real estate | Multifamily
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	18,254	12,743	18,254
Commercial real estate | Multifamily | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	18,254	12,743
Commercial real estate | Farmland
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	24	326	24
Commercial real estate | Farmland | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	24	326
Consumer real estate secured by 1-4 family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	129,631	128,532	129,631
Consumer real estate secured by 1-4 family residential | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	129,210	128,391
Consumer real estate secured by 1-4 family residential | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	421	141
Consumer real estate secured by 1-4 family residential | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	421	116
Consumer real estate secured by 1-4 family residential | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		25
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	21,682	21,557	21,682
Consumer real estate secured by 1-4 family residential | Home equity lines | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	21,435	21,449
Consumer real estate secured by 1-4 family residential | Home equity lines | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	247	108
Consumer real estate secured by 1-4 family residential | Home equity lines | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	247	83
Consumer real estate secured by 1-4 family residential | Home equity lines | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		25
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	95,994	95,638	95,994
Consumer real estate secured by 1-4 family residential | First deed of trust | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	95,820	95,638
Consumer real estate secured by 1-4 family residential | First deed of trust | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	174
Consumer real estate secured by 1-4 family residential | First deed of trust | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	174
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	11,955	11,337	11,955
Consumer real estate secured by 1-4 family residential | Second deed of trust | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	11,955	11,304
Consumer real estate secured by 1-4 family residential | Second deed of trust | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		33
Consumer real estate secured by 1-4 family residential | Second deed of trust | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		33
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	92,600	86,203	92,600
Recorded Investment, 90 Days and Accruing	375
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	91,457	86,203
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	1,143
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	719
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	49
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	375
Commercial and industrial loans | Guaranteed student loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	15,782	17,923	15,782
Recorded Investment, 90 Days and Accruing		2,228
Recorded Investment, 90 Days and Accruing	2,200
Commercial and industrial loans | Guaranteed student loans | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	12,652	14,512
Commercial and industrial loans | Guaranteed student loans | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	3,130	3,411
Commercial and industrial loans | Guaranteed student loans | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	588	690
Commercial and industrial loans | Guaranteed student loans | 60 to 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	342	493
Commercial and industrial loans | Guaranteed student loans | Greater than 90 Days
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	2,200	2,228
Commercial and industrial loans | Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	4,596	4,265	$ 4,596
Commercial and industrial loans | Consumer and other | Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans	$ 4,596	3,531
Commercial and industrial loans | Consumer and other | Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		734
Commercial and industrial loans | Consumer and other | 30 to 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total loans		$ 734

Loans and allowance for loan _6

Loans and allowance for loan losses - Impaired loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
With no related allowance recorded
Recorded Investment, after ASU 2016-13	$ 281	$ 291
Unpaid Principle Balance, after ASU 2016-13	281	291
Total
Recorded Investment, after ASU 2016-13	281	291
Unpaid Principle Balance, after ASU 2016-13	281	291
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Recorded Investment, after ASU 2016-13	259	265
Unpaid Principle Balance, after ASU 2016-13	259	265
Total
Recorded Investment, after ASU 2016-13	259	265
Unpaid Principle Balance, after ASU 2016-13	259	265
Consumer real estate secured by 1-4 family residential | First deed of trust
With no related allowance recorded
Recorded Investment, after ASU 2016-13	159	160
Unpaid Principle Balance, after ASU 2016-13	159	160
Total
Recorded Investment, after ASU 2016-13	159	160
Unpaid Principle Balance, after ASU 2016-13	159	160
Consumer real estate secured by 1-4 family residential | Second deed of trust
With no related allowance recorded
Recorded Investment, after ASU 2016-13	100	105
Unpaid Principle Balance, after ASU 2016-13	100	105
Total
Recorded Investment, after ASU 2016-13	100	105
Unpaid Principle Balance, after ASU 2016-13	100	105
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Recorded Investment, after ASU 2016-13	22	26
Unpaid Principle Balance, after ASU 2016-13	22	26
Total
Recorded Investment, after ASU 2016-13	22	26
Unpaid Principle Balance, after ASU 2016-13	$ 22	$ 26

Loans and allowance for loan _7

Loans and allowance for loan losses - Average recorded investment in impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13	$ 286	$ 5,898
Interest Income Recognized, after ASU 2016-13	7	26
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		301
Total
Average Recorded Investment, after ASU 2016-13	286	6,199
Interest Income Recognized, after ASU 2016-13	7	26
Consumer and other
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		16
Commercial real estate
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13		3,964
Interest Income Recognized, after ASU 2016-13		16
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		191
Total
Average Recorded Investment, after ASU 2016-13		4,155
Interest Income Recognized, after ASU 2016-13		16
Commercial real estate | Owner occupied
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13		3,468
Interest Income Recognized, after ASU 2016-13		16
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		191
Total
Average Recorded Investment, after ASU 2016-13		3,659
Interest Income Recognized, after ASU 2016-13		16
Commercial real estate | Non-owner occupied
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13		496
Total
Average Recorded Investment, after ASU 2016-13		496
Commercial real estate | Home equity lines
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13		300
Interest Income Recognized, after ASU 2016-13		6
Consumer real estate secured by 1-4 family residential
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13	263	1,880
Interest Income Recognized, after ASU 2016-13	7	9
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		94
Total
Average Recorded Investment, after ASU 2016-13	263	1,974
Interest Income Recognized, after ASU 2016-13	7	9
Consumer real estate secured by 1-4 family residential | Home equity lines
Total
Average Recorded Investment, after ASU 2016-13		300
Interest Income Recognized, after ASU 2016-13		6
Consumer real estate secured by 1-4 family residential | First deed of trust
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13	160	1,394
Interest Income Recognized, after ASU 2016-13	2	2
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		86
Total
Average Recorded Investment, after ASU 2016-13	160	1,480
Interest Income Recognized, after ASU 2016-13	2	2
Consumer real estate secured by 1-4 family residential | Second deed of trust
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13	103	186
Interest Income Recognized, after ASU 2016-13	5	1
With an allowance recorded
Average Recorded Investment, after ASU 2016-13		8
Total
Average Recorded Investment, after ASU 2016-13	103	194
Interest Income Recognized, after ASU 2016-13	5	1
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
With no related allowance recorded
Average Recorded Investment, after ASU 2016-13	23	54
Interest Income Recognized, after ASU 2016-13		1
Total
Average Recorded Investment, after ASU 2016-13	$ 23	54
Interest Income Recognized, after ASU 2016-13		1
Consumer and other
Total
Average Recorded Investment, after ASU 2016-13		$ 16

Loans and allowance for credit

Loans and allowance for credit losses - Allowance for credit losses on loans losses (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 3,423	$ 3,370	$ 3,370
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3,423	3,370	3,370
Impact of adoption ASC 326			(127)
Provision for (Recovery of) Credit Losses			(21)
Charge-offs	(6)		(33)
Recoveries	20		192
Ending Balance	3,574	3,270	3,423
Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Provision for (Recovery of) Credit Losses	137
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	314	271	271
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	314	271	271
Impact of adoption ASC 326			37
Provision for (Recovery of) Credit Losses		7	(6)
Ending Balance	259	315	314
Construction and land development | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		37
Provision for (Recovery of) Credit Losses	(55)
Construction and land development | Residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	86	79	79
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	86	79	79
Impact of adoption ASC 326			3
Provision for (Recovery of) Credit Losses		(31)	(4)
Ending Balance	57	51	86
Construction and land development | Residential | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		3
Provision for (Recovery of) Credit Losses	(29)
Construction and land development | Commercial
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	228	192	192
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	228	192	192
Impact of adoption ASC 326			34
Provision for (Recovery of) Credit Losses		38	(2)
Ending Balance	202	264	228
Construction and land development | Commercial | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		34
Provision for (Recovery of) Credit Losses	(26)
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,923	2,189	2,189
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,923	2,189	2,189
Impact of adoption ASC 326			(276)
Provision for (Recovery of) Credit Losses		(22)	(10)
Ending Balance	2,119	1,891	1,923
Commercial real estate | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		(276)
Provision for (Recovery of) Credit Losses	196
Commercial real estate | Owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	409	867	867
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	409	867	867
Impact of adoption ASC 326			(475)
Provision for (Recovery of) Credit Losses		(1)	(17)
Ending Balance	437	391	409
Commercial real estate | Owner occupied | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		(475)
Provision for (Recovery of) Credit Losses	28
Commercial real estate | Non-owner occupied
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,467	1,289	1,289
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	1,467	1,289	1,289
Impact of adoption ASC 326			192
Provision for (Recovery of) Credit Losses		(21)	14
Ending Balance	1,596	1,460	1,467
Commercial real estate | Non-owner occupied | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		192
Provision for (Recovery of) Credit Losses	129
Commercial real estate | Multifamily
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	44	33	33
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	44	33	33
Impact of adoption ASC 326			7
Provision for (Recovery of) Credit Losses			(4)
Ending Balance	86	40	44
Commercial real estate | Multifamily | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		7
Provision for (Recovery of) Credit Losses	42
Commercial real estate | Farmland
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	3
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	3
Provision for (Recovery of) Credit Losses			(3)
Ending Balance			3
Commercial real estate | Farmland | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Provision for (Recovery of) Credit Losses	(3)
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	432	185	185
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	432	185	185
Impact of adoption ASC 326			125
Provision for (Recovery of) Credit Losses		9	(103)
Recoveries	16	3	19
Ending Balance	428	322	432
Consumer real estate secured by 1-4 family residential | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		125
Provision for (Recovery of) Credit Losses	(20)
Consumer real estate secured by 1-4 family residential | Home equity lines
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	40	11	11
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	40	11	11
Impact of adoption ASC 326			24
Provision for (Recovery of) Credit Losses		(2)	(5)
Recoveries	10
Ending Balance	32	33	40
Consumer real estate secured by 1-4 family residential | Home equity lines | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		24
Provision for (Recovery of) Credit Losses	(18)
Consumer real estate secured by 1-4 family residential | First deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	293	131	131
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	293	131	131
Impact of adoption ASC 326			76
Provision for (Recovery of) Credit Losses		6	(83)
Recoveries	1	1	3
Ending Balance	298	214	293
Consumer real estate secured by 1-4 family residential | First deed of trust | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		76
Provision for (Recovery of) Credit Losses	4
Consumer real estate secured by 1-4 family residential | Second deed of trust
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	99	43	43
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	99	43	43
Impact of adoption ASC 326			25
Provision for (Recovery of) Credit Losses		5	(15)
Recoveries	5	2	16
Ending Balance	98	75	99
Consumer real estate secured by 1-4 family residential | Second deed of trust | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		25
Provision for (Recovery of) Credit Losses	(6)
Consumer real estate secured by 1-4 family residential | Consumer Other and Unallocated [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	57
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	57
Ending Balance			57
Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance		3,370	3,370
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance		3,370	3,370
Provision for (Recovery of) Credit Losses		23
Charge-offs		(3)
Recoveries		9
Ending Balance		3,272
Commercial and industrial loans | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		(127)
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate)
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	640	576	576
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	640	576	576
Impact of adoption ASC 326			1
Provision for (Recovery of) Credit Losses		(34)	110
Recoveries	4	6	173
Ending Balance	666	549	640
Commercial and industrial loans | Commercial and industrial loans (except those secured by real estate) | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		1
Provision for (Recovery of) Credit Losses	22
Commercial and industrial loans | Student loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	57	52	52
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	57	52	52
Provision for (Recovery of) Credit Losses		63	(35)
Charge-offs	(6)	(3)	(30)
Ending Balance	55	112	57
Commercial and industrial loans | Student loans | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Provision for (Recovery of) Credit Losses	4
Commercial and industrial loans | Consumer Other and Unallocated [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Ending Balance	47
Commercial and industrial loans | Consumer and other
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	36	37	37
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	36	37	37
Impact of adoption ASC 326			(5)
Provision for (Recovery of) Credit Losses		2	(7)
Charge-offs			(3)
Ending Balance	36	34	36
Commercial and industrial loans | Consumer and other | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		(5)
Commercial and industrial loans | Unallocated
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	21	60	60
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Beginning balance	21	60	60
Impact of adoption ASC 326			(9)
Provision for (Recovery of) Credit Losses		(2)	30
Ending Balance	11	49	$ 21
Commercial and industrial loans | Unallocated | Adoption of ASC 326
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Impact of adoption ASC 326		$ (9)
Provision for (Recovery of) Credit Losses	$ (10)

Loans and allowance for loan _8

Loans and allowance for loan losses - Provision for credit losses (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Provision for Loan, Lease, and Other Losses [Abstract]
Provision (recovery) for loans	$ 136,700	$ 23,000
Provision (recovery) for unfunded commitments	13,300	$ (23,000)
Total	$ 150,000

Loans and allowance For loan _9

Loans and allowance For loan losses - Loans evaluated for credit losses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	$ 3,574	$ 3,423		$ 3,270	$ 3,370
Allowance Ending Balance	3,574	3,423		3,270	3,370
Allowance Collectively Evaluated for Impairment		3,423
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	3,574
Total loans	591,338	575,008	$ 591,338
Loans Individually Evaluated For Impairment, after ASU 2016-13	281	291
Loans Collectively Evaluated For Impairment, after ASU 2016-13	591,057	574,717
Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	259	314	259	315	271
Allowance Ending Balance	259	314	259	315	271
Allowance Collectively Evaluated for Impairment		314
Allowance Collectively Evaluated For Impairment, after ASU 2016-13			259
Total loans	43,514	47,495	43,514
Loans Collectively Evaluated For Impairment, after ASU 2016-13		47,495	43,514
Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	2,119	1,923	2,119	1,891	2,189
Allowance Ending Balance	2,119	1,923	2,119	1,891	2,189
Allowance Collectively Evaluated for Impairment		1,923
Allowance Collectively Evaluated For Impairment, after ASU 2016-13			2,119
Total loans	305,215	290,590	305,215
Loans Collectively Evaluated For Impairment, after ASU 2016-13		290,590	305,215
Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	428	432	428	322	185
Allowance Ending Balance	428	432	428	322	185
Allowance Collectively Evaluated for Impairment		432
Allowance Collectively Evaluated For Impairment, after ASU 2016-13			428
Total loans	129,631	128,532	129,631
Loans Individually Evaluated For Impairment, after ASU 2016-13		265	259
Loans Collectively Evaluated For Impairment, after ASU 2016-13		128,267	129,372
Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses				3,272	3,370
Allowance Ending Balance				3,272	3,370
Residential | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	57	86		51	79
Allowance Ending Balance	57	86		51	79
Allowance Collectively Evaluated for Impairment		86
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	57
Total loans	9,077	10,471	9,077
Loans Collectively Evaluated For Impairment, after ASU 2016-13	9,077	10,471
Commercial | Construction and land development
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	202	228		264	192
Allowance Ending Balance	202	228		264	192
Allowance Collectively Evaluated for Impairment		228
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	202
Total loans	34,437	37,024	34,437
Loans Collectively Evaluated For Impairment, after ASU 2016-13	34,437	37,024
Owner occupied | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	437	409		391	867
Allowance Ending Balance	437	409		391	867
Allowance Collectively Evaluated for Impairment		409
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	437
Total loans	121,429	122,666	121,429
Loans Collectively Evaluated For Impairment, after ASU 2016-13	121,429	122,666
Non-owner occupied | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	1,596	1,467		1,460	1,289
Allowance Ending Balance	1,596	1,467		1,460	1,289
Allowance Collectively Evaluated for Impairment		1,467
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	1,596
Total loans	165,508	154,855	165,508
Loans Collectively Evaluated For Impairment, after ASU 2016-13	165,508	154,855
Multifamily | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	86	44		40	33
Allowance Ending Balance	86	44		40	33
Allowance Collectively Evaluated for Impairment		44
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	86
Total loans	18,254	12,743	18,254
Loans Collectively Evaluated For Impairment, after ASU 2016-13	18,254	12,743
Farmland | Commercial real estate
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses		3
Allowance Ending Balance		3
Allowance Collectively Evaluated for Impairment		3
Total loans	24	326	24
Loans Collectively Evaluated For Impairment, after ASU 2016-13	24	326
Home equity lines | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	32	40		33	11
Allowance Ending Balance	32	40		33	11
Allowance Collectively Evaluated for Impairment		40
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	32
Total loans	21,682	21,557	21,682
Loans Collectively Evaluated For Impairment, after ASU 2016-13	21,682	21,557
First deed of trust | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	298	293		214	131
Allowance Ending Balance	298	293		214	131
Allowance Collectively Evaluated for Impairment		293
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	298
Total loans	95,994	95,638	95,994
Loans Individually Evaluated For Impairment, after ASU 2016-13	159	160
Loans Collectively Evaluated For Impairment, after ASU 2016-13	95,835	95,478
Second deed of trust | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	98	99		75	43
Allowance Ending Balance	98	99		75	43
Allowance Collectively Evaluated for Impairment		99
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	98
Total loans	11,955	11,337	11,955
Loans Individually Evaluated For Impairment, after ASU 2016-13	100	105
Loans Collectively Evaluated For Impairment, after ASU 2016-13	11,855	11,232
Commercial and industrial loans (except those secured by real estate) | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	666	640		549	576
Allowance Ending Balance	666	640		549	576
Allowance Collectively Evaluated for Impairment		640
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	666
Total loans	92,600	86,203	92,600
Loans Individually Evaluated For Impairment, after ASU 2016-13	22	26
Loans Collectively Evaluated For Impairment, after ASU 2016-13	92,578	86,177
Consumer Other and Unallocated [Member] | Consumer real estate secured by 1-4 family residential
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses		57
Allowance Ending Balance		57
Allowance Collectively Evaluated for Impairment		57
Total loans		4,265
Loans Collectively Evaluated For Impairment, after ASU 2016-13		4,265
Consumer Other and Unallocated [Member] | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	47
Allowance Ending Balance	47
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	47
Total loans	4,596
Loans Collectively Evaluated For Impairment, after ASU 2016-13	4,596
Guaranteed student loans | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	55	57		112	52
Allowance Ending Balance	55	57		112	52
Allowance Collectively Evaluated for Impairment		57
Allowance Collectively Evaluated For Impairment, after ASU 2016-13	55
Total loans	15,782	17,923	15,782
Loans Collectively Evaluated For Impairment, after ASU 2016-13	15,782	17,923
Consumer and other | Commercial and industrial loans
Financing Receivable, Allowance for Credit Losses [Line Items]
Total Allowance for credit losses	36	36		34	37
Allowance Ending Balance	36	36		$ 34	$ 37
Total loans	$ 4,596	$ 4,265	$ 4,596

Loans and allowance for loan_10

Loans and allowance for loan losses - Additional information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for credit losses, after ASU 2016-13	$ 150,000
Financing Receivable, Allowance for Credit Loss, Excluding Accrued Interest	3,574,000	$ 3,270,000	$ 3,423,000	$ 3,370,000
Total Allowance for credit losses	3,890,000	3,530,000
Total Allowance for credit losses	3,574,000	3,270,000	3,423,000	$ 3,370,000
Allowance for credit losses on unfunded credit exposure	320,000	254,000
Interest on non accrual loans	7,000
Provision for credit losses for loans	$ 136,700	$ 23,000
Loan growth being offset by improved credit metrics as non-performing loans as a percentage of loans	0.05%	0.12%
Recovery for credit losses for unfunded commitments	$ 13,300	$ (23,000)
Allowance for credit losses on loans to total loans ratio	0.60
Peer average allowance for credit losses on loans to total loans ratio	1.11
Asset Pledged as Collateral [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans pledged as collateral	$ 54,800,000		$ 35,500,000
Guaranteed student loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage Of Recovery Loss On Portfolio From Historical Experience	98%

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposit Liability [Line Items]
Demand accounts	$ 230,118	$ 247,624
Interest checking accounts	78,739	76,289
Money market accounts	207,640	195,249
Savings accounts	35,238	39,633
Other time deposits	37,179	37,405
Total	$ 620,269	$ 605,345
Percentage of individual deposits to deposit liability
Demand accounts (in hundredths)	37.10%	40.90%
Interest checking accounts (in hundredths)	12.70%	12.60%
Money market accounts (in hundredths)	33.50%	32.30%
Savings account (in hundredths)	5.70%	6.50%
Time deposits of $250,000 and over (in hundredths)	5%	1.50%
Other time deposits (in hundredths)	6%	6.20%
Total (in hundredths)	100%	100%
Geographic Distribution, Domestic [Member]
Deposit Liability [Line Items]
Time deposits of $250,000 and over	$ 31,355	$ 9,145

Borrowings - (Details)

Borrowings - (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advances [Line Items]
Federal Home Loan Bank Stock	$ 2,414,000	$ 2,644,000
Long-term Federal Home Loan Bank Advances	40,000,000	45,000,000
Borrowings	0	$ 0
Lines of credit for future borrowings	26,100,000
FHLB advances
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	3,300,000
Revolving Credit Facility [Member]
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	20,000,000
Secured Debt [Member]
Federal Home Loan Bank, Advances [Line Items]
Lines of credit for future borrowings	$ 2,800,000

Trust preferred securities (Det

Trust preferred securities (Details) - USD ($) $ in Thousands			3 Months Ended
	Sep. 20, 2007	Feb. 24, 2005	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Trust preferred capital notes			$ 8,764	$ 8,764
Percent of spread adjustment for replacement of variable interest rate			0.26161%
Percentage of Tier one risk based capital required for capital adequacy (in hundredths)			25%
Southern Community Financial Capital Trust I [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date			Feb. 24, 2005
Trust preferred capital notes		$ 5,200
Interest rate (in hundredths)			7.71%
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)			6.96%
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 ($)		3 Months Ended
	Mar. 21, 2018	Mar. 31, 2024	Dec. 31, 2023
Proceeds from Issuance of Subordinated Long-term Debt	$ 5,539,000
Percent of spread adjustment for replacement of variable interest rate		0.26161%
Subordinated Debt.		$ 5,700,000	$ 5,700,000
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%	9.05%
LIBOR | Fixed-to-floating rate subordinated notes
Debt Instrument, Basis Spread on Variable Rate	3.73%

Stock incentive plans - Options

Stock incentive plans - Options outstanding under company's stock incentive plan (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Options
Options outstanding, beginning of period	0	14
Granted	0	0
Forfeited	0	0
Exercised	0	0
Options outstanding, end of period	0	14
Options exercisable, end of period	0	14
Weighted Average Exercise Price
Options outstanding, beginning of period	$ 0	$ 25.63
Granted	0	0
Forfeited	0	0
Exercised	0	0
Options outstanding, end of period	0	25.28
Fair Value Per Share
Options outstanding, beginning of period	0	9.76
Granted	0	0
Forfeited	0	0
Exercised	0	0
Options outstanding, end of period	$ 0	$ 9.76
Intrinsic Value Options outstanding	$ 0	$ 0

Stock incentive plans - Non ves

Stock incentive plans - Non vested restricted stock award (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Ending Balance | shares	10,252
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Beginning Balance | shares	31,077
Shares, Vested | shares	(4,179)
Shares, Forfeited | shares	0
Shares, Other | shares	(787)
Ending Balance | shares	26,111
Weighted-Average Grant-Date Fair-Value, Beginning Balance | $ / shares	$ 45.93
Weighted-Average Grant-Date Fair-Value, Granted | $ / shares	0
Weighted-Average Grant-Date Fair-Value, Vested | $ / shares	52.32
Weighted-Average Grant-Date Fair-Value, Forfeited | $ / shares	0
Weighted-Average Grant Date Fair Value, Other | $ / shares	58.95
Weighted-Average Grant-Date Fair-Value, Ending Balance | $ / shares	$ 44.52
Aggregate Intrinsic Value, Beginning Balance | $	$ 1,320,773
Aggregate Intrinsic Value, Granted | $	0
Aggregate Intrinsic Value, Vested | $	(177,608)
Aggregate Intrinsic Value, Forfeited | $	0
Aggregate Intrinsic Value, Other | $	(33,448)
Aggregate Intrinsic Value, Ending Balance | $	$ 1,109,718

Stock Incentive Plans - Additio

Stock Incentive Plans - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock	10,252	10,658
Time-based unrecognized compensation, weighted average period	2 years 10 days
Allocated stock-based compensation expense	$ 81,000	$ 102,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted stock	26,111	26,152		31,077
Unamortized stock-based compensation related to non-vested share-based compensation	$ 782,000	$ 883,400
Shares, Forfeited	0
Performance Based Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Time-based restricted shares vesting period			3 years
Time Based Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized stock-based compensation related to non-vested share-based compensation	$ 558,200

Fair value - Recurring and non

Fair value - Recurring and non recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 7,000	$ 5,000
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			$ 7,019	$ 4,983
IRLC			293	271
Forward sales commitment			$ 42	$ 506
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Government Agencies	678	20,615
Mortgage-backed securities	69,907	72,537
Municipals	1,652	1,656
Subordinated debt	10,047	10,277
Loans held for sale	7,019	4,983
IRLC	293	271
Forward sales commitment	42	506
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated debt	500	500
Fair Value, Measurements, Recurring [Member] | Reported Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
U.S. Government Agencies	678	20,615
Mortgage-backed securities	69,907	72,537
Municipals	1,652	1,656
Subordinated debt	10,547	10,777
Loans held for sale	7,019	4,983
IRLC	293	271
Forward sales commitment	$ 42	$ 506

Fair value - Carrying amounts a

Fair value - Carrying amounts and estimated fair value of the company's (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Financial assets
Investment securities available for sale, at fair value	$ 82,784	$ 105,585
Loans held for sale	$ 7,000	$ 5,000
Fair Value, Inputs, Level 1 [Member] | Reported Value Measurement [Member]
Financial assets
Cash			$ 13,073	$ 10,383
Fair Value, Inputs, Level 1 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Cash			13,073	10,383
Fair Value, Inputs, Level 2 [Member] | Reported Value Measurement [Member]
Financial assets
Cash equivalents			19,323	7,331
Investment securities available for sale, at fair value			82,284	105,085
Federal Home Loan Bank stock			2,644	2,644
Loans held for sale			7,019	4,983
Bank owned life insurance			13,198	13,120
Accrued interest receivable			3,531	3,827
Interest rate lock commitments			293	271
Financial liabilities
Deposits			620,269	605,345
FHLB borrowings			40,000	45,000
Trust preferred securities			8,764	8,764
Other borrowings			5,700	5,700
Accrued interest payable			406	210
Forward sales commitment			42	506
Fair Value, Inputs, Level 2 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Cash equivalents			19,323	7,331
Investment securities available for sale, at fair value			82,284	105,085
Federal Home Loan Bank stock			2,644	2,644
Loans held for sale			7,019	4,983
Bank owned life insurance			13,198	13,120
Accrued interest receivable			3,531	3,827
Interest rate lock commitments			293	271
Financial liabilities
Deposits			620,673	605,226
FHLB borrowings			39,886	44,999
Trust preferred securities			8,969	8,848
Other borrowings			5,700	5,700
Accrued interest payable			406	210
Forward sales commitment			42	506
Fair Value, Inputs, Level 3 [Member] | Reported Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value			500	500
Loans			591,338	575,008
Fair Value, Inputs, Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Financial assets
Investment securities available for sale, at fair value			500	500
Loans			$ 567,741	$ 547,935

Segment Reporting - Segment inf

Segment Reporting - Segment information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	2
Revenues
Interest income	$ 9,335	$ 7,583
Mortgage banking income, net	850	478
Other revenues	754	821
Total revenues	10,939	8,882
Expenses
Provision for credit losses	150
Interest expense	2,939	1,218
Salaries and benefits	3,464	3,448
Other expenses	2,165	2,351
Total operating expenses	8,718	7,017
Income (loss) before income taxes	2,221	1,865
Income tax expense (benefit)	449	325
Net income (loss)	1,772	1,540
Total assets	746,872	734,797	$ 736,616
Eliminations [Member]
Revenues
Mortgage banking income, net	(59)	(60)
Other revenues	(41)
Total revenues	(100)	(60)
Expenses
Other expenses	(100)	(60)
Total operating expenses	(100)	(60)
Total assets	(25,910)	(32,483)
Commercial Banking | Operating Segments [Member]
Revenues
Interest income	9,243	7,543
Other revenues	795	821
Total revenues	10,038	8,364
Expenses
Provision for credit losses	150
Interest expense	2,939	1,218
Salaries and benefits	2,785	2,742
Other expenses	2,030	2,137
Total operating expenses	7,904	6,097
Income (loss) before income taxes	2,134	2,267
Income tax expense (benefit)	431	409
Net income (loss)	1,703	1,858
Total assets	756,005	749,402
Mortgage Banking | Operating Segments [Member]
Revenues
Interest income	92	40
Mortgage banking income, net	909	538
Total revenues	1,001	578
Expenses
Salaries and benefits	679	706
Other expenses	235	274
Total operating expenses	914	980
Income (loss) before income taxes	87	(402)
Income tax expense (benefit)	18	(84)
Net income (loss)	69	(318)
Total assets	$ 16,777	$ 17,878

Shareholders' Equity and Regu_3

Shareholders' Equity and Regulatory Matters - Accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Shareholders' Equity and Regulatory Matters
Total accumulated other comprehensive loss	$ (6,395)	$ (5,613)

Shareholders' Equity and Regu_4

Shareholders' Equity and Regulatory Matters - Detailed AOCI Table (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Accumulated other comprehensive loss, Beginning balance	$ (5,613)
Other comprehensive income before reclassification - AFS	(782)	$ 1,482
Other comprehensive income before reclassification - benefits		(2)
Net current period other comprehensive income	(782)	1,484
Accumulated other comprehensive loss, Ending balance	(6,395)		$ (5,613)
Unrealized Losses on AFS Securities
Accumulated other comprehensive loss, Beginning balance	(5,604)	(10,863)	(10,863)
Other comprehensive income before reclassification - AFS			1,320
Amounts reclassified from AOCI into earnings			3,939
Net current period other comprehensive income			5,259
Accumulated other comprehensive loss, Ending balance			(5,604)
Defined Benefit Plan
Accumulated other comprehensive loss, Beginning balance	(9)	(18)	(18)
Other comprehensive income before reclassification - benefits			9
Net current period other comprehensive income			9
Accumulated other comprehensive loss, Ending balance	(9)		(9)
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive loss, Beginning balance	(5,613)	$ (10,881)	(10,881)
Other comprehensive income before reclassification - AFS and benefits			1,329
Amounts reclassified from AOCI into earnings	(782)		3,939
Net current period other comprehensive income	(782)		5,268
Accumulated other comprehensive loss, Ending balance	(6,395)		(5,613)
Accumulated Other Comprehensive Income (Loss) | Unrealized Losses on AFS Securities
Accumulated other comprehensive loss, Beginning balance	(5,604)
Amounts reclassified from AOCI into earnings	(782)
Net current period other comprehensive income	(782)
Accumulated other comprehensive loss, Ending balance	$ (6,386)		$ (5,604)

Shareholders' Equity and Regu_5

Shareholders' Equity and Regulatory Matters - Capital amounts and ratios (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total capital (to risk- weighted assets) Village Bank, Ratio
For Capital Adequacy Purposes (in percentage)	0.080
To be Well Capitalized (in percentage)	0.100
Tier 1 capital (to risk-capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.060
To be Well Capitalized (in percentage)	0.080
Leverage ratio (Tier 1 capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.040
To be Well Capitalized (in percentage)	0.050
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
To Be Well Capitalized (in percentage)	0.065
Common equity tier one risk based capital ratio capital adequacy minimum	0.045
Capital conservation buffer common equity tier one risk based capital actual	0.025
Tier one risk based capital required for capital adequacy to risk weighted assets	0.060
Capital conservation buffer tier one risk based capital actual	0.025
Capital required for capital adequacy to risk weighted assets	0.080
Capital conservation buffer total risk based capital actual	0.025
Maximum
Total capital (to risk- weighted assets) Village Bank, Ratio
For Capital Adequacy Purposes (in percentage)	0.080
Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.105
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
Capital required for capital adequacy to risk weighted assets	0.080
Minimum
Tier 1 capital (to risk-capital to average assets), Ratio
For Capital Adequacy Purposes (in percentage)	0.060
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.085
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Common equity tier one risk based capital ratio capital adequacy minimum	0.045
Tier one risk based capital required for capital adequacy to risk weighted assets	0.060
Subsidiaries [Member]
Total capital (to risk- weighted assets) Village Bank, Amount
Actual Amount	$ 88,249	$ 86,493
Capital Required For Capital Adequacy Including Conservation Buffer	65,568	62,679
To be Well Capitalized Amount	$ 62,446	$ 59,695
Total capital (to risk- weighted assets) Village Bank, Ratio
Actual Ratio (in percentage)	0.1413	0.1449
Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.1050	0.1050
To be Well Capitalized (in percentage)	0.1000	0.1000
Tier 1 capital (to risk- weighted assets) Village Bank, Amount
Actual Amount	$ 84,355	$ 82,764
Tier One Risk Based Capital Required For Capital Adequacy Including Conservation Buffer	53,079	50,740
To be Well Capitalized Amount	$ 49,957	$ 47,756
Tier 1 capital (to risk-capital to average assets), Ratio
Actual Ratio (in percentage)	0.1351	0.1386
Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets Including Conservation Buffer (in percentage)	0.0850	0.0850
To be Well Capitalized (in percentage)	0.0800	0.0800
Leverage ratio (Tier 1 capital to average assets), Amount
Actual Amount	$ 84,355	$ 82,764
Tier One Leverage Capital Required For Capital Adequacy Including Conservation Buffer	29,698	29,706
To be Well Capitalized Amount	$ 37,122	$ 37,133
Leverage ratio (Tier 1 capital to average assets), Ratio
Actual Ratio (in percentage)	0.1136	0.1114
For Capital Adequacy Purposes (in percentage)	0.0400	0.0400
To be Well Capitalized (in percentage)	0.0500	0.0500
Common equity (Tier 1 risk based capital to risk weighted assets), Amount
Actual Amount	$ 84,355	$ 82,764
Common Equity Tier One Capital Required For Capital Adequacy Including Conservation Buffer	43,712	41,786
To Be Well Capitalized Amount	$ 40,590	$ 38,801
Common equity (Tier 1 risk based capital to risk weighted assets), Ratio
Actual Ratio (in percentage)	13.51%	13.86%
Banking Regulation Common Equity Tier One Risk Based Capital Ratio Capital Adequacy Minimum Including Conservation Buffer (in percentage)	0.0700	0.0700
To Be Well Capitalized (in percentage)	0.0650	0.0650

Shareholders' Equity and Regu_6

Shareholders' Equity and Regulatory Matters - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Shareholders' Equity and Regulatory Matters
Deferred tax benefits	$ (32)	$ 59

Commitments and contingencies_2

Commitments and contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 149,774	$ 136,583
Standby letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	1,246	1,202
Undisbursed credit lines
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	137,230	127,918
Commitments to extend or originate credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total commitments to extend credit	$ 11,298	$ 7,463

Mortgage Banking and Derivati_2

Mortgage Banking and Derivatives (Details)	Mar. 31, 2024 USD ($) position	Dec. 31, 2023 USD ($) position
Participating Mortgage Loans [Line Items]
Fair value of LHFS	$ 7,000,000	$ 5,000,000
Unpaid principal balance	6,900,000	4,800,000
Other Assets
Participating Mortgage Loans [Line Items]
Fair value of IRLC	293,000	271,000
IRLC notional amount	$ 11,300,000	$ 7,500,000
IRLC total positions | position	36	27
Other Liabilities
Participating Mortgage Loans [Line Items]
IRLC notional amount	$ 18,200,000	$ 12,300,000
Fair value of forward sales commitments	$ 42,000	$ 506,000
Forward sales commitments total positions | position	58	47

Document Information

Document Information	3 Months Ended
	Mar. 31, 2024
Document Information:
Document Type	10-Q
Amendment	false
CIK	0001290476
Registrant Name	Village Bank & Trust Financial Corp.
Period End Date	Mar. 31, 2024