Primis Financial (FRST) 10-K 15 Oct 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Sep. 16, 2024	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-33037
Entity Registrant Name	PRIMIS FINANCIAL CORP.
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	20-1417448
Entity Address, Address Line One	1676 International Drive, Suite 900
Entity Address, City or Town	McLean
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22102
City Area Code	703
Local Phone Number	893-7400
Title of 12(b) Security	Common Stock
Trading Symbol	FRST
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Entity Shell Company	false
Entity Public Float			$ 227.9
Entity Common Stock, Shares Outstanding		24,690,064
Auditor Name	Forvis Mazars, LLP
Auditor Firm ID	686
Auditor Location	Tysons, Virginia
Entity Central Index Key	0001325670
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash and cash equivalents:
Cash and due from financial institutions	$ 1,863	$ 6,868
Interest-bearing deposits in other financial institutions	75,690	70,991
Total cash and cash equivalents	77,553	77,859
Securities available-for-sale, at fair value (amortized cost of $255,891 and $269,036, respectively)	228,420	236,315
Securities held-to-maturity, at amortized cost (fair value of $10,839 and $12,449, respectively)	11,650	13,520
Loans held for sale, at fair value	57,691	27,626
Loans held for investment, collateralizing secured borrowings	20,505
Loans held for investment	3,198,909	2,946,637
Less: allowance for credit losses	(52,209)	(34,544)
Net loans	3,167,205	2,912,093
Stock in Federal Reserve Bank (FRB) and Federal Home Loan Bank (FHLB)	14,246	25,815
Bank premises and equipment, net	20,611	25,257
Assets held for sale	6,735	3,115
Operating lease right-of-use assets	10,646	5,335
Cloud computing arrangement assets, net	10,699	10,464
Goodwill	93,459	104,609
Intangible assets, net	1,958	3,254
Bank-owned life insurance	67,588	67,201
Deferred tax assets, net	22,395	19,874
Consumer Program derivative asset	10,806
Other assets	54,884	34,327
Total assets	3,856,546	3,566,664
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits	472,941	582,572
Interest-bearing deposits:
NOW accounts	773,028	617,687
Money market accounts	794,530	811,365
Savings accounts	783,758	245,786
Time deposits	445,898	465,057
Total interest-bearing deposits	2,797,214	2,139,895
Total deposits	3,270,155	2,722,467
Securities sold under agreements to repurchase	3,044	6,445
Secured borrowings	20,393
FHLB advances	30,000	325,000
Junior subordinated debt	9,830	9,781
Senior subordinated notes	85,765	85,531
Operating lease liabilities	11,686	5,767
Consumer Program derivative liability		473
Other liabilities	28,080	22,232
Total liabilities	3,458,953	3,177,696
Commitments and contingencies (See Note 15)
Stockholders' equity:
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,693,172 and 24,680,097 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	247	246
Additional paid in capital	313,548	312,722
Retained earnings	84,143	101,850
Accumulated other comprehensive loss	(21,777)	(25,850)
Total Primis stockholders' equity	376,161	388,968
Noncontrolling interests	21,432
Total stockholders' equity	397,593	388,968
Total liabilities and stockholders' equity	$ 3,856,546	$ 3,566,664

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Securities available-for-sale fair value (in dollars)	$ 255,891	$ 269,036
Securities held to maturity fair value (in dollars)	$ 10,839	$ 12,449
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	45,000,000	45,000,000
Common stock, shares issued	24,693,172	24,680,097
Common stock, shares outstanding	24,693,172	24,680,097

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Interest and fees on loans	$ 172,788,000	$ 115,080,000	$ 106,921,000
Interest and dividends on taxable securities	5,966,000	5,552,000	3,977,000
Interest and dividends on tax exempt securities	407,000	412,000	463,000
Interest and dividends on other earning assets	13,457,000	2,243,000	1,782,000
Total interest and dividend income	192,618,000	123,287,000	113,143,000
Interest expense:
Interest on deposits	83,690,000	13,281,000	13,112,000
Interest on other borrowings	10,217,000	8,306,000	5,928,000
Total interest expense	93,907,000	21,587,000	19,040,000
Net interest income	98,711,000	101,700,000	94,103,000
Provision for (recovery of) credit losses	32,540,000	11,271,000	(5,801,000)
Net interest income after provision for (recovery of) credit losses	66,171,000	90,429,000	99,904,000
Noninterest income:
Account maintenance and deposit service fees	5,733,000	5,745,000	7,309,000
Income from bank-owned life insurance	2,021,000	1,994,000	1,687,000
Gain on debt extinguishment			573,000
Mortgage banking income	17,645,000	5,054,000
Gain on other investments	184,000	4,709,000
Consumer Program derivative	18,120,000	65,000	3,000
Other operating expenses	1,547,000	785,000	1,566,000
Total noninterest income	45,250,000	18,352,000	11,138,000
Noninterest expenses:
Salaries and benefits	58,765,000	49,005,000	36,741,000
Occupancy expenses	6,239,000	5,628,000	5,956,000
Furniture and equipment expenses	6,381,000	5,231,000	3,622,000
Amortization of intangible assets	1,269,000	1,325,000	1,364,000
Virginia franchise tax expense	3,395,000	3,254,000	2,899,000
FDIC insurance assessment	2,929,000	890,000	804,000
Data processing expense	9,545,000	6,013,000	3,850,000
Marketing expense	1,819,000	3,067,000	1,726,000
Telephone and communication expense	1,507,000	1,433,000	1,790,000
Loss on bank premises and equipment and assets held for sale	476,000	684,000
Professional fees	4,641,000	4,787,000	5,467,000
Miscellaneous lending expenses	3,006,000	1,710,000	1,068,000
Goodwill impairment	11,150,000	0	0
Fraud losses	3,311,000	108,000	75,000
Other noninterest expense	8,167,000	8,313,000	6,114,000
Total noninterest expenses	122,600,000	91,448,000	71,476,000
Income (loss) before income taxes	(11,179,000)	17,333,000	39,566,000
Income tax expense (benefit)	(1,067,000)	3,185,000	8,683,000
Income (loss) from continuing operations	(10,112,000)	14,148,000	30,883,000
Income from discontinued operation before income taxes			294,000
Income tax expense			64,000
Income from discontinued operation			230,000
Net income (loss)	(10,112,000)	14,148,000	31,113,000
Net loss attributable to noncontrolling interests	2,280,000
Net income (loss) attributable to Primis' common stockholders	(7,832,000)	14,148,000	31,113,000
Other comprehensive income (loss):
Unrealized gain (loss) on available-for-sale securities	5,250,000	(34,129,000)	(3,193,000)
Accretion of amounts previously recorded upon transfer to held-to-maturity from available-for-sale			151,000
Unrealized gain (loss) on available-for-sale securities	5,250,000	(34,129,000)	(3,042,000)
Tax expense (benefit)	1,177,000	(7,167,000)	(669,000)
Other comprehensive income (loss)	4,073,000	(26,962,000)	(2,373,000)
Comprehensive income (loss)	$ (3,759,000)	$ (12,814,000)	$ 28,740,000
Earnings (loss) per share from continuing operations, basic (in dollars per share)	$ (0.32)	$ 0.58	$ 1.26
Earnings per share from discontinued operation, basic (in dollars per share)	0	0	0.01
Earnings (loss) per share from continuing operations, diluted (in dollars per share)	(0.32)	0.57	1.26
Earnings per share from discontinued operation, diluted (in dollars per share)	$ 0	$ 0	$ 0.01

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Common Stock	Additional Paid-In Capital Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Additional Paid-In Capital	Retained Earnings Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Retained Earnings	Accumulated Other Comprehensive Loss Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Accumulated Other Comprehensive Loss	Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Total
Balance at Dec. 31, 2020	$ 243		$ 308,870		$ 76,249		$ 3,485			$ 388,847
Balance beginning, (in shares) at Dec. 31, 2020	24,368,612
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock ($0.40 per share)						$ (9,807)					$ (9,807)
Shares retired to unallocated (in shares)		(1,043)
Stock option exercises		$ 2		$ 1,524							1,526
Stock option exercises (in shares)		159,000
Restricted stock granted (in shares)		55,250
Vesting of restricted stock (in shares)		(7,200)
Repurchase of restricted stock				(14)							(14)
Stock-based compensation expense				747							747
Net income (loss)						31,113					31,113
Other comprehensive income (loss)								$ (2,373)			(2,373)
Balance at Dec. 31, 2021		$ 245		311,127		97,555		1,112			410,039
Balance ending, (in shares) at Dec. 31, 2021		24,574,619
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock ($0.40 per share)						(9,853)					(9,853)
Shares retired to unallocated (in shares)		(780)
Stock option exercises		$ 1		571							572
Stock option exercises (in shares)		60,000
Restricted stock granted (in shares)		1,500
Restricted stock forfeited (in shares)		(2,400)
Repurchase of restricted stock				(11)							(11)
Stock-based compensation expense				395							395
Shares issued in lieu of cash bonus				640							640
Shares issued in lieu of bonus (in shares)		47,158
Net income (loss)						14,148					14,148
Other comprehensive income (loss)								(26,962)			(26,962)
Balance at Dec. 31, 2022		$ 246		312,722		101,850		(25,850)			$ 388,968
Balance ending, (in shares) at Dec. 31, 2022		24,680,097									24,680,097
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Panacea Financial Holdings stock, net of costs									$ 23,712		$ 23,712
Dividends on common stock ($0.40 per share)						(9,875)					(9,875)
Shares retired to unallocated (in shares)		(1,033)
Stock option exercises				146							146
Stock option exercises (in shares)		13,500
Restricted stock granted		$ 1									1
Restricted stock granted (in shares)		13,000
Restricted stock forfeited (in shares)		(12,392)
Repurchase of restricted stock				(32)							(32)
Stock-based compensation expense				712							712
Net income (loss)						(7,832)			(2,280)		(10,112)
Other comprehensive income (loss)								4,073			4,073
Balance at Dec. 31, 2023		$ 247		$ 313,548		$ 84,143		$ (21,777)	$ 21,432		$ 397,593
Balance ending, (in shares) at Dec. 31, 2023		24,693,172									24,693,172

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Common stock dividends per share (in dollars per share)	$ 0.40	$ 0.40	$ 0.40

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income (loss) from continuing operations	$ (10,112,000)	$ 14,148,000	$ 30,883,000
Adjustments to reconcile net income from continuing operations to net cash and cash equivalents (used in) provided by operating activities:
Depreciation and amortization	9,093,000	7,433,000	8,040,000
Net amortization of premiums and (accretion of discounts)	(583,000)	480,000	(1,989,000)
Provision for (recovery of) credit losses	32,540,000	11,271,000	(5,801,000)
Proceeds from sales of loans	52,744,000
Net change in mortgage loans held for sale	(28,301,000)	(6,424,000)
Mortgage banking income	(17,645,000)	(5,054,000)
Net gains on sale of loans	(583,000)
Loss on bank premises and equipment and assets held for sale	476,000	684,000
Purchases of cloud computing arrangement assets	(2,913,000)	(11,546,000)
Earnings on bank-owned life insurance	(1,602,000)	(1,542,000)	(1,681,000)
Gain on bank-owned life insurance death benefit	(419,000)	(452,000)	(6,000)
Stock-based compensation expense	712,000	395,000	747,000
Gain on debt extinguishment			(573,000)
Gain on other investments	(184,000)	(4,709,000)
Goodwill impairment	11,150,000	0	0
Deferred income tax (benefit) provision	(3,699,000)	(3,300,000)	6,054,000
Net change in fair value of Consumer Program derivative	(11,279,000)	475,000	(3,000)
Net (increase) decrease in other assets	(12,345,000)	11,141,000	(344,000)
Net increase (decrease) in other liabilities	11,768,000	(565,000)	(7,715,000)
Net cash and cash equivalents provided by operating activities from continuing operations	28,818,000	12,434,000	27,613,000
Investing activities:
Purchases of securities available-for-sale	(15,211,000)	(37,361,000)	(160,531,000)
Proceeds from paydowns, maturities and calls of securities available-for-sale	27,561,000	36,960,000	37,878,000
Proceeds from paydowns, maturities and calls of securities held-to-maturity	1,836,000	9,338,000	17,652,000
Net decrease (increase) in FRB and FHLB stock	11,569,000	(10,294,000)	1,406,000
Net change in loans held for investment	(338,397,000)	(613,700,000)	109,449,000
Proceeds from bank-owned life insurance death benefit	2,476,000	586,000	371,000
Proceeds from sales of other real estate owned, net of improvements		1,091,000	2,014,000
Purchases of bank premises and equipment, net	(1,924,000)	(1,012,000)	(2,456,000)
Proceeds from sale of other investment		4,171,000
Purchases of other investments	(666,000)	(2,080,000)
Business acquisition, net of cash acquired		(4,554,000)
Net cash and cash equivalents (used in) provided by investing activities from continuing operations	(312,756,000)	(616,855,000)	5,783,000
Financing activities:
Net (decrease) increase in deposits	547,688,000	(40,823,000)	330,611,000
Cash dividends paid on common stock	(9,875,000)	(9,853,000)	(9,807,000)
Proceeds from exercised stock options	146,000	572,000	1,526,000
Repurchase of restricted stock	(31,000)	(11,000)	(14,000)
Extinguishment of senior subordinated notes			(20,000,000)
Repayment of FHLB advances, long-term		(100,000,000)
(Repayment of) proceeds from short-term FHLB advances	(295,000,000)	325,000,000
Repayment of short-term borrowings		(19,254,000)
Decrease in securities sold under agreements to repurchase	(3,401,000)	(3,518,000)	(6,103,000)
Issuance of Panacea Financial Holdings stock, net of costs	23,712,000
Increase in secured borrowings	20,393,000
Net cash and cash equivalents provided by financing activities from continuing operations	283,632,000	152,113,000	296,213,000
Net change in cash and cash equivalents from continuing operations	(306,000)	(452,308,000)	329,609,000
Cash flows provided from discontinued operation:
Net cash and cash equivalents used in operating activities	0	0	(373,000)
Net cash and cash equivalents provided by investing activities	0	0	4,746,000
Net change in cash and cash equivalents from discontinued operation	0	0	4,373,000
Net change in cash and cash equivalents	(306,000)	(452,308,000)	333,982,000
Cash and cash equivalents at beginning of period	77,859,000	530,167,000	196,185,000
Cash and cash equivalents at end of period	77,553,000	77,859,000	530,167,000
Cash payments for:
Interest	91,817,000	20,190,000	20,234,000
Income taxes	5,755,000	3,046,000	6,151,000
Supplemental schedule of noncash investing and financing activities:
Initial recognition of operating lease right-of-use assets	5,311,000
Bank premises transferred to held for sale	$ 4,042,000	3,667,000
Shares issued in lieu of cash bonus		640,000
Proceeds from sale of other investment included in other assets		538,000
Proceeds from bank-owned life insurance death benefit included in other assets		931,000
Transfer from loans to other real estate owned			186,000
Notes receivable from discontinued operation, included in loans			$ 8,500,000
Fair value of tangible assets acquired		21,947,000
Other intangible assets acquired		2,790,000
Fair value of liabilities assumed		(20,183,000)
Total merger consideration, net of $2,446 of cash acquired		$ 4,554,000

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) $ in Thousands	Dec. 31, 2022 USD ($)
CONSOLIDATED STATEMENTS OF CASH FLOWS
Cash and due from banks	$ 2,446

ORGANIZATION AND SIGNIFICANT AC

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES	1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES Primis Financial Corp. (“Primis,” “we,” “us,” “our” or the “Company”) is the bank holding company for Primis Bank (“Primis Bank” or the “Bank”), a Virginia state-chartered bank which commenced operations on April 14, 2005. Primis Bank provides a range of financial services to individuals and small and medium-sized businesses. At December 31, 2023, Primis Bank had twenty-four full-service branches in Virginia and Maryland and also provided services to customers through certain online and mobile applications. The Company is headquartered in McLean, Virginia and has an administrative office in Glen Allen, Virginia and an operations center in Atlee, Virginia. Primis Mortgage Company (“PMC”), a residential mortgage lender headquartered in Wilmington, North Carolina, is a consolidated subsidiary of Primis Bank. Panacea Financial Holdings, Inc. (“PFH”), headquartered in Little Rock, Arkansas, is consolidated into the Company. PFH owns the rights to the Panacea Financial brand and its intellectual property and partners with the Bank to offer a suite of financial products and services for doctors, their practices, and ultimately the broader healthcare industry. The accounting policies and practices of Primis and its subsidiaries conform to U.S. generally accepted accounting principles (“U.S. GAAP”) and to general practice within the banking industry. Material policies and practices are described in this footnote. Principles of Consolidation The consolidated financial statements include the accounts of Primis and its subsidiaries Primis Bank, PMC and PFH. Significant inter-company accounts and transactions have been eliminated in consolidation. Primis consolidates subsidiaries in which it holds, directly or indirectly, more than 50 percent of the voting rights or where it exercises control. Entities where Primis holds 20 to 50 percent of the voting rights, or has the ability to exercise significant influence, or both, are accounted for under the equity method. Primis owns EVB Statutory Trust I (the “Trust”) which is an unconsolidated subsidiary and the junior subordinated debt owed to the Trust is reported as a liability of Primis. Primis consolidates PFH, as a result of the determination that it has a controlling financial interest over the entity as further described below. ​ We determine whether we have a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”) under U.S. GAAP. Voting interest entities are entities in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entity’s activities. We consolidate voting interest entities in which we have all, or at least a majority of, the voting interest. As defined in U.S. GAAP, VIEs are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. The Company has investments in VIE’s for which we are not the primary beneficiary and, as such, are not included in our consolidated financial statements. The Company also has an investment in a VIE for which we are the primary beneficiary. Pursuant to the Purchase Agreement, the Bank paid an aggregate purchase price of $7.0 million in cash to Seller at closing and assumed $19.3 million of SeaTrust’s indebtedness under certain warehouse lending facilities. On December 21, 2023, PFH completed a $24.5 million Series B financing round led by a global venture capital firm. As part of the financing round, Primis acquired approximately 19% of PFH’s common stock for an immaterial purchase price due to previous operating losses in the Bank’s Panacea Financial Division. The Company performed an analysis and determined that PFH is a VIE because it lacks one or more of the characteristics of a voting interest entity. The Company’s analysis further determined that it has a controlling financial interest in PFH due to the substantial historical activities between PFH and the Bank’s Panacea Financial Division coupled with the limited activities of PFH outside of its relationship with Primis as of December 31, 2023. There are employees of Primis that have historically carried out substantially all of the activities of PFH. Accordingly, the Company determined it is the primary beneficiary of PFH and consolidated it as of December 31, 2023. Discontinued Operation Primis Bank had an interest in one mortgage company, Southern Trust Mortgage, LLC (“STM”). Prior to December 31, 2021, Primis Bank owned 43.28% and 100% of STM’s common and preferred stock, respectively, and STM was considered an unconsolidated affiliate of the Company. On September 23, 2021, Primis Bank entered into an agreement with STM, whereby STM agreed to purchase all of the Bank's common membership interests and a portion of the Bank's preferred interests in STM for a combination of $1.6 million in cash and the assumption of a promissory note in the amount of $8.5 million. The transaction closed on December 31, 2021. Upon closing, STM continued to be a borrower of the Bank, but the Bank is no longer a minority owner of STM and STM is no longer considered an affiliate of the Company. The Company still held 100% of STM’s preferred stock as of December 31, 2023 and 2022 but no longer had a position on STM’s board of directors and STM no longer represented a reportable operating segment of the Company as of either date. Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to the current financial statement presentation. The Company reclassified its other equity investment gains during the year ended December 31, 2022 that were presented in other noninterest income in the prior year financial statements with its previously reported “gain on sale of other investment” and retitled the line “gain on other investments”. ​ Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Estimates that are particularly susceptible to change in the near term include: the determination of the allowance for credit losses, the fair value of investment securities, the credit impairment of investment securities, the mortgage banking derivatives, interest rate swap derivatives, Consumer Program derivative, the valuation of goodwill and deferred tax assets. ​ Investment Securities ​ Securities Available-for-Sale and Held-to Maturity Debt securities that Primis has the positive intent and ability to hold to maturity are classified as held-to-maturity and carried at amortized cost. ​ Securities classified as available-for-sale are those debt securities that may be sold in response to changes in interest rates, liquidity needs or other similar factors. Securities available-for-sale are carried at fair value, with unrealized gains or losses net of deferred taxes, included in accumulated other comprehensive income (loss) in stockholders’ equity. Premiums and discounts are generally amortized using the interest method with a constant effective yield without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Premiums on callable securities are amortized to their earliest call date. Gains and losses on the sale of investment securities are recorded on the settlement date and are determined using the specific identification method. Primis purchases amortizing investment securities. The actual principal reduction on these assets varies from the expected contractual principal reduction due to principal prepayments resulting from the borrowers’ election to refinance the underlying mortgage based on market and other conditions. The purchased premiums and discounts associated with these assets are amortized or accreted to interest income over the estimated life of the related assets. The estimated life is calculated by projecting future prepayments and the resulting principal cash flows until maturity. Prepayment rate projections utilize actual prepayment speed experience and available market information on like-kind instruments. The prepayment rates form the basis for income recognition of premiums and discounts on the related assets. Changes in prepayment estimates may cause the earnings recognized on these assets to vary over the term that the assets are held, creating volatility in the net interest margin. Prepayment rate assumptions are monitored and updated monthly to reflect actual activity and the most recent market projections. Non-marketable Equity Securities Primis’ investment in STM’s preferred stock and other investments are considered to be non-marketable equity securities that do not have a readily determinable fair value. Equity securities with no recurring market value data available are reviewed periodically and any observable market value change is adjusted through net income. Primis evaluates these non-marketable equity securities for impairment and recoverability of the recorded investment by considering positive and negative evidence, including the profitability and asset quality, dividend payment history and recent redemption experience. Impairment is assessed at each reporting period and if identified, is recognized in noninterest income. Other investments include stock acquired for regulatory purposes. The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. The Bank is also required to own FRB stock with a par value equal to 6% of capital and FHLB stock of 4.25% of borrowings outstanding. FHLB and FRB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of the par value. Both cash and stock dividends are reported as income. Loans Held for Sale ​ The PMC loans held for sale are originated and held until sold to permanent investors. The Company has elected to carry these loans at fair value on a recurring basis in accordance with the fair value option under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 825, Financial Instruments ​ Loans Primis provides commercial and consumer loans to customers. Primis also purchases mortgage loans from mortgage loans originators, including PMC. A substantial portion of the loan portfolio is represented by loans secured by real estate throughout its market area. The ability of Primis’ debtors to honor their contracts is in varying degrees dependent upon the real estate market conditions and general economic conditions in their debtor’s market area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances, including purchased premiums and discounts and any deferred loan fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method without anticipating prepayments. Commercial real estate loans consist of borrowings secured by owner occupied and non-owner occupied commercial real estate. Repayment of these loans is dependent upon rental income or the subsequent sale of the property for loans secured by non-owner occupied commercial real estate and by cash flows from business operations for owner occupied commercial real estate. Loans for which the source of repayment is rental income are primarily impacted by local economic conditions which dictate occupancy rates and the amount of rent charged. Commercial real estate loans that are dependent on cash flows from operations can also be adversely affected by current market conditions for their product or service. Construction and land development loans primarily consist of borrowings to purchase and develop raw land into residential and non-residential properties. Construction loans are extended to individuals as well as corporations for the construction of an individual or multiple properties and are secured by raw land and the subsequent improvements. Repayment of the loans to real estate developers is dependent upon the sale or lease of properties to third parties in a timely fashion upon completion. Should there be delays in construction or a downturn in the market for those properties, there may be significant erosion in value which may be absorbed by Primis. Commercial loans consist of borrowings for commercial purposes to individuals, corporations, partnerships, sole proprietorships, and other business enterprises. Commercial loans are generally secured by business assets such as equipment, accounts receivable, inventory, or any other asset excluding real estate and generally made to finance capital expenditures or operations. Primis’ risk exposure is related to deterioration in the value of collateral securing the loan should foreclosure become necessary. Generally, business assets used or produced in operations do not maintain their value upon foreclosure which may require Primis to write-down the value significantly to sell. Commercial loans also include Life Premium Finance loans. These loans are utilized to pay the annual premiums due on the whole or universal life policy. The Life Premium Finance loans are fully secured by the cash value of the policy and personal liquid assets of the borrower or guarantor. Residential real estate loans consist of loans to individuals for the purchase of primary residences with repayment primarily through wage or other income sources of the individual borrower. Primis’ loss exposure to these loans is dependent on local market conditions for residential properties as loan amounts are determined, in part, by the fair value of the property at origination. Other consumer loans are comprised of loans to individuals both unsecured and secured and home equity loans secured by real estate (closed and open-end), with repayment dependent on individual wages and other income. Other consumer loans also include Life Premium Finance loans and Panacea Financial consumer loans comprising of student loan refinancing and pro re nata (“PRN’) loans. PRN loans may be utilized by graduating doctors to fund costs as they move into their chosen professions. The risk of loss on consumer loans is elevated as the collateral securing these loans, if any, may rapidly depreciate in value or may be worthless and/or difficult to locate if repossession is necessary. Losses in this portfolio are generally relatively low, however, due to the small individual loan size and the balance outstanding as a percentage of Primis’ entire portfolio. Also included in other consumer loans are the Consumer Program loans as more fully described below in the Third Party Originated and Serviced Consumer Loan Portfolio section of this footnote. The accrual of interest on all loans is discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in process of collection. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual status or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Most of Primis’ business activity is with customers located within Virginia and Maryland with some consumer loans’ customer base on a national platform. Therefore, our exposure to credit risk is significantly affected by changes in the economy in those areas. We are not dependent on any single customer or group of customers whose insolvency would have a material adverse effect on operations. Primis has purchased, primarily through acquisitions, individual loans and groups of loans, some of which have shown evidence of credit deterioration since origination. These purchased loans are recorded at fair value such that there is no carryover of the seller’s allowance for credit losses. We adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments A purchased financial asset that does not qualify as a PCD asset is accounted for similar to an originated financial asset. Generally, this means that an entity recognizes the allowance for credit losses for non-PCD assets through net income at the time of acquisition. In addition, both the credit discount and non-credit discount or premium resulting from acquiring a pool of purchased financial assets that do not qualify as PCD assets is allocated to each individual asset. This combined discount or premium is accreted to interest income using the effective yield method. Allowance for Credit Losses Allowance For Credit Losses - Held-to-Maturity Securities ​ Allowance For Credit Losses - Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, we first assess whether (i) we intend to sell or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either case is affirmative, any previously recognized allowances are charged-off and the security's amortized cost is written down to fair value through income. If neither case is affirmative, the security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency and any adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Adjustments to the allowance are reported in our income statement as a component of credit loss expense. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses due to the inclusion in its nonaccrual policy. Available-for-sale securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management or when either of the aforementioned criteria regarding intent or requirement to sell is met. ​ Allowance for Credit Losses – Loans The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC 326, which is deducted from the amortized cost basis of loans to present management's best estimate of the net amount expected to be collected. Loans are charged-off against the allowance when deemed uncollectible by management. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Adjustments to the allowance are reported in our income statement as a component of credit loss expense. Management has made the accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses due to the inclusion in its nonaccrual policy. Further information regarding our policies and methodology used to estimate the allowance for credit losses on loans is presented in Note 4 – Loans and Allowance For Credit Losses. ​ Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures ​ The allowance for credit losses on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. The allowance is reported as a component of other liabilities in our consolidated balance sheets. Adjustments to the allowance are reported in our income statement as a component of other expenses. Further information regarding our policies and methodology used to estimate the allowance for credit losses on off-balance-sheet credit exposures is presented in Note 15 – Financial Instruments with Off-Balance-Sheet Risks. ​ Third-Party Originated and Serviced Consumer Loan Portfolio In the second half of 2021, the Company partnered with a third-party (the “Third Party Originator/Servicer” or “TPOS”) to originate and service unsecured consumer loans through their proprietary point-of-sale technology (the “Consumer Program”). Loan options under the Consumer Program include traditional fully-amortizing loans and promotional loans with no interest, or “same-as-cash”, features if the loan is fully repaid in the promotional window. The loans are originated at par in the Bank’s name and have a term of 5 to 12 years with a much shorter effective life due to amortization and pay downs. The Consumer Program is governed by multiple interrelated agreements including the loan agreement between the Bank and the customer and agreements with the TPOS. The structure of the Consumer Program is intended to generate loans that yield a targeted return to the Bank on a portfolio basis while also providing limited credit enhancement from the TPOS. Key characteristics of the combined arrangement include: ● The TPOS contributes funds to a reserve account at the time of origination to be used for future charge-offs if necessary. ● When a promotional loan pays off prior to the end of the promotional period, the customer owes no interest on the loan and any interest accrued during the period is waived. In that event, the TPOS reimburses the Bank for the interest the customer otherwise would have paid if the promotional period did not exist. ● Excess yield on the portfolio after realized charge-offs and above an agreed upon target rate due to the Bank is paid to the TPOS as a “Performance Fee.” ● In the event charge-offs exceed the amount available as a Performance Fee, the TPOS remits a portion of current period originations to reimburse for losses and, if necessary, releases funds from the reserve account. ● If charge-offs exceed the amounts above, they roll over to future periods to offset potential Performance Fees and subsequent reserve account fundings related to the portfolio. Agreements with multiple counterparties, such as the customer and TPOS, are generally required to be accounted for separately in accordance with U.S. GAAP relevant to each unit of account even if the agreements are highly interrelated. As a result, the Company accounts for the Consumer Program under multiple units of account as follows: ● The loans and related revenue are accounted for consistent with the Company’s accounting for its other loans held for investment and are also included in the Company’s expected credit losses estimation process under CECL. o No interest income is recognized on promotional loans until the expiration of the promotional period. If the customer doesn’t pay off the loan prior to that expiration, deferred interest from the beginning of the loan becomes the obligation of the customer and is billed straight-line over the remaining life of the loan. We recognize the accumulated deferred interest at the time of expiration discounted for the time value of money with the discount amortized over the remaining life of the loan. ● The agreement that governs the “performance fee” and interest reimbursement from the TPOS meets the definition of a derivative financial instrument and is accounted for in accordance with ASC 815, Derivatives and Hedging. The derivative is accounted for at fair value in the Company’s Consolidated Balance Sheets in other assets or other liabilities with changes in fair value each period reported in the Consolidated Statements of Income and Comprehensive Income (Loss) within noninterest income. The primary drivers of the derivative value include estimated prepayment activity on promotional loans that would trigger reimbursement to the Company from the TPOS and estimated excess yield above projected credit losses that would lead to Performance Fee payments to the TPOS from the Company. Additional details on the inputs and assumptions used to determine the fair value of the derivative are discussed in Note 5, Derivatives. o Noninterest income each period includes actual amounts received during the period for interest reimbursement and amounts paid by the TPOS under the limited credit enhancement described above. o Noninterest expense each period includes actual amounts paid during the period for performance fees and servicing fees as defined in the agreement with the TPOS. The Company has $199.3 million of loans outstanding in the Consumer Program, or 6% of our total gross loan portfolio, as of December 31, 2023. Loans in the Consumer Program are included within the Consumer Loan category disclosures in Note 4, Loans and Allowance for Credit Losses. As of December 31, 2023, 45% of the loans were in a promotional period requiring no payment of interest on their loans with 70% of these promotional loan periods ending in the second half of 2024 through the first quarter of 2025. During the year ended December 31, 2023, $10.1 million of promotional loans paid off prior to the end of their promotional periods while $6.0 million of promotional loans reached the end of the promotional period and entered amortization. Transfers of Financial Assets The Company follows the guidance in ASC 860, Transfers and Servicing ​ The Company retains servicing rights on the loans sold and records a servicing asset for each of the sold loans at the time of sale. Subsequent to the date of transfer, the Company can elect to measure servicing assets under the amortization method. Under the amortization method, servicing assets are amortized in proportion to, and over the period of, estimated net servicing income. The amortization of servicing assets is analyzed each reporting period and is adjusted to reflect changes in prepayment speeds, as well as other factors. Servicing assets are evaluated for impairment based on the fair value of those assets. Impairment is determined by assessing the servicing assets based on groupings of predominant risk characteristics, such as interest rate and loan type. If, by servicing asset grouping, the carrying amount of the servicing assets exceeds fair value, a valuation allowance is established through a charge to earnings. The valuation allowance is adjusted as the fair value changes. The Company recorded approximately $7 thousand of impairment of its servicing assets during the year ended December 31, 2023. Servicing assets are included in other assets in the accompanying consolidated balance sheets. The Company also retains servicing rights on loans transferred under secured borrowings, but in accordance with U.S. GAAP does not record a servicing asset. ​ The principal balance of loans transferred for the year ended December 31, 2023 that qualified as sales was $52.2 million, while the principal balance transferred that was accounted for as secured borrowings was $23.4 million. The Company recorded $0.3 million of servicing assets during the year ended December 31, 2023 in connection with the transfer of loans that qualified as sales. The balance of the servicing assets as of December 31, 2023 was $0.3 million. See Note 11 – Securities Sold Under Agreements to Repurchase and Other Borrowings – for additional information on transfers accounted for as secured borrowings. Bank Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with useful lives of 30 years. Leasehold improvements are amortized on the straight-line method over the shorter of the estimated useful lives of the improvements or the terms of the related leases including lease renewals only when the Company is reasonably assured of the aggregate term of the lease. Furniture, fixtures, equipment and software are depreciated using the straight-line method with useful lives ranging from 3 to 10 years. Assets Held for Sale ​ The Company classifies its assets as held for sale in accordance with FASB ASC 360, Property, Plant, and Equipment ​ The Company assesses the net fair value of assets held for sale each reporting period the assets remain classified as held for sale. Subsequent changes, if any, in the net fair value of the assets held for sale that require an adjustment to the carrying amount are recorded in the income statement, unless the adjustment causes the carrying amount of the assets to exceed the net carrying amount upon initial classification as held for sale. ​ If circumstances arise that the Company previously considered unlikely and, as a result, the Company decides not to sell assets previously classified as held for sale, they are reclassified to another classification. Assets that are reclassified are measured at the lower of (a) their carrying amount before they were classified as held for sale, adjusted for any depreciation (amortization) expense that would have been recognized had the assets remained in their previous classification, or (b) their fair value at the date of the subsequent decision not to sell. ​ Operating Leases The Company leases certain properties and equipment under operating leases. The Company recognizes a liability to make lease payments, the operating lease liability, and an asset representing the right to use the underlying asset during the lease term, the right-of-use asset. In recognizing lease right-of-use assets and related lease liabilities, we account for lease and non-lease components (such as taxes, insurance, and common area maintenance costs) separately as such amounts are generally readily determinable under our lease contracts. The operating lease liability is measured at the present value of the remaining lease payments, discounted at the Company’s incremental borrowing rate at inception. The right-of-use asset is measured at the amount of the operating lease liability adjusted for the remaining balance of any lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term, any unamortized initial direct costs, and any impairment of the right-of-use-asset. Lease expense consists of a single lease cost calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis, variable lease payments not included in the operating lease liability, and any impairment of the right-of-use asset. Lease renewal options are generally not included in the calculation of the operating lease liabilities, unless they are not reasonably certain to be exercised. The Company does not recognize short-term leases on the balance sheets. Goodwill and Intangible Assets The Company follows ASC 350, Goodwill and Other Intangible Assets The Company perf

BUSINESS COMBINATION

BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2023
BUSINESS COMBINATION
BUSINESS COMBINATION	​ ​ 2. BUSINESS COMBINATION In connection with the acquisition, the following table details the consideration paid, the initial estimated fair value of identifiable assets acquired and liabilities assumed as of the date of the acquisition, the subsequent adjustments to estimates, the final valuation of the fair value of identifiable assets acquired and liabilities assumed as of the date of the acquisition, and the resulting goodwill recorded (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original Adjustments Final (dollars in thousands) ​ Estimates ​ to Estimates ​ Valuation Consideration paid: ​ ​ ​ Cash $ 7,000 $ — ​ $ 7,000 Value of consideration $ 7,000 $ — ​ $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash and due from banks ​ $ 2,446 ​ $ — ​ $ 2,446 Mortgage loans held for sale ​ ​ 20,452 ​ — ​ 20,452 Premises and equipment, net ​ 124 ​ — ​ 124 Leases right-of-use asset ​ ​ 28 ​ ​ — ​ ​ 28 Derivative assets ​ ​ 1,224 ​ ​ — ​ ​ 1,224 Other intangibles ​ ​ — ​ ​ 135 ​ ​ 135 Deferred tax asset, net ​ ​ 26 ​ ​ — ​ ​ 26 Other assets ​ 93 ​ — ​ 93 Total assets ​ 24,393 ​ 135 ​ 24,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Short term borrowings ​ 19,254 ​ — ​ 19,254 Leases liability ​ ​ 27 ​ ​ — ​ ​ 27 Other liabilities ​ 902 ​ — ​ 902 Total liabilities ​ 20,183 ​ — ​ 20,183 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net identifiable assets acquired ​ $ 4,210 ​ $ 135 ​ $ 4,345 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill resulting from acquisition ​ ​ ​ $ 2,655 ​ The table below illustrates the unaudited pro forma revenue and net income of the combined entities had the acquisition taken place on January 1, 2021. The unaudited combined pro forma revenue and net income combines the historical results of SeaTrust with the Company's consolidated statements of operations for the periods listed below and, while no material adjustments were made for the estimated effect of certain fair value adjustments and other acquisition-related activity, they are not indicative of what would have occurred had the acquisition actually taken place on January 1, 2021. The pro forma financial information does not include the impact of possible business model changes, nor does it consider any potential impacts of market conditions or revenues, expense efficiencies or other factors. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ 2022 ​ 2021 Total revenues ​ $ 146,607 ​ $ 134,588 Net income ​ $ 14,194 ​ $ 31,692 ​ Included in the Company’s consolidated statements of income for the year December 31, 2022 is $5.1 million of mortgage banking income related to PMC since its acquisition on May 31, 2022. ​ The Company incurred merger expenses of $0.4 million for the year ended December 31, 2022 related to the acquisition.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Dec. 31, 2023
INVESTMENT SECURITIES
INVESTMENT SECURITIES	3. INVESTMENT SECURITIES The amortized cost and fair value of available-for-sale investment securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Fair ​ Cost Gains Losses Value December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 110,562 ​ $ 72 ​ $ (13,826) ​ $ 96,808 Obligations of states and political subdivisions ​ 33,801 ​ 12 ​ (3,733) ​ 30,080 Corporate securities ​ 16,000 ​ — ​ (1,952) ​ 14,048 Collateralized loan obligations ​ 5,018 ​ — ​ (36) ​ 4,982 Residential government-sponsored collateralized mortgage obligations ​ 35,927 ​ 175 ​ (1,631) ​ 34,471 Government-sponsored agency securities ​ 16,267 ​ — ​ (2,556) ​ 13,711 Agency commercial mortgage-backed securities ​ 34,059 ​ ​ — ​ ​ (3,949) ​ 30,110 SBA pool securities ​ 4,257 ​ 6 ​ (53) ​ 4,210 Total ​ $ 255,891 ​ $ 265 ​ $ (27,736) ​ $ 228,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Fair ​ Cost Gains Losses Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 119,371 ​ $ 1 ​ $ (16,491) ​ $ 102,881 Obligations of states and political subdivisions ​ 34,103 ​ 2 ​ (4,927) ​ 29,178 Corporate securities ​ 16,000 ​ — ​ (1,172) ​ 14,828 Collateralized loan obligations ​ 5,022 ​ — ​ (146) ​ 4,876 Residential government-sponsored collateralized mortgage obligations ​ 28,643 ​ — ​ (2,048) ​ 26,595 Government-sponsored agency securities ​ 17,719 ​ — ​ (3,103) ​ 14,616 Agency commercial mortgage-backed securities ​ 42,180 ​ ​ — ​ ​ (4,763) ​ 37,417 SBA pool securities ​ 5,998 ​ 13 ​ (87) ​ 5,924 Total ​ $ 269,036 ​ $ 16 ​ $ (32,737) ​ $ 236,315 ​ ​ The amortized cost, gross unrecognized gains and losses, allowance for credit losses and fair value of investment securities held-to-maturity were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Fair ​ Cost Gains Losses Credit Losses Value December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 9,040 ​ $ — ​ $ (754) ​ $ — ​ $ 8,286 Obligations of states and political subdivisions ​ 2,391 ​ — ​ (42) ​ — ​ 2,349 Residential government-sponsored collateralized mortgage obligations ​ 219 ​ — ​ (15) ​ — ​ 204 Total ​ $ 11,650 ​ $ — ​ $ (811) ​ $ — ​ $ 10,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Fair ​ Cost Gains Losses Credit Losses Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 10,522 ​ $ — ​ $ (1,007) ​ $ — ​ $ 9,515 Obligations of states and political subdivisions 2,721 ​ 3 ​ (46) ​ — ​ 2,678 Residential government-sponsored collateralized mortgage obligations 277 ​ — ​ (21) ​ — ​ 256 Total ​ $ 13,520 ​ $ 3 ​ $ (1,074) ​ $ — ​ $ 12,449 ​ During 2023, 2022 and 2021, $15.2 million, $37.4 million and $160.5 million, respectively, of investment securities were purchased and classified as available-for-sale. No investment securities purchased in 2023, 2022 and 2021 were classified as held-to-maturity. No investment securities were sold during 2023, 2022 and 2021. The amortized cost and fair value of available-for-sale and held-to-maturity investment securities as of December 31, 2023, by contractual maturity, were as follows (in thousands). Investment securities not due at a single maturity date are shown separately. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-Sale ​ Held-to-Maturity ​ Amortized ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due within one year ​ $ — ​ $ — ​ $ 872 ​ $ 870 Due in one to five years ​ ​ 10,030 ​ ​ 9,361 ​ ​ 580 ​ ​ 580 Due in five to ten years ​ 36,738 ​ 32,098 ​ 939 ​ ​ 899 Due after ten years ​ 24,318 ​ 21,362 ​ — ​ ​ — Residential government-sponsored mortgage-backed securities ​ 110,562 ​ 96,808 ​ 9,040 ​ 8,286 Residential government-sponsored collateralized mortgage obligations ​ 35,927 ​ 34,471 ​ 219 ​ 204 Agency commercial mortgage-backed securities ​ 34,059 ​ 30,110 ​ — ​ — SBA pool securities ​ 4,257 ​ 4,210 ​ — ​ — Total ​ $ 255,891 ​ $ 228,420 ​ $ 11,650 ​ $ 10,839 ​ Investment securities with a carrying amount of approximately $200.2 million and $99.4 million at December 31, 2023 and 2022, respectively, were pledged to secure public deposits, certain other deposits, a line of credit for advances from the FHLB of Atlanta, and repurchase agreements. Management measures expected credit losses on held-to-maturity securities on a collective basis by major security type with each type sharing similar risk characteristics, and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. With regard to U.S. Treasury and residential mortgage-backed securities issued by the U.S. government, or agencies thereof, it is expected that the securities will not be settled at prices less than the amortized cost basis of the securities as such securities are backed by the full faith and credit of and/or guaranteed by the U.S. government. Accordingly, no allowance for credit losses has been recorded for these securities. With regard to securities issued by States and political subdivisions and other held-to-maturity securities, management considers (i) issuer bond ratings, (ii) historical loss rates for given bond ratings, (iii) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities and (iv) internal forecasts. As of December 31, 2023 and 2022, Primis did not have a material allowance for credit losses on held-to-maturity securities. As of December 31, 2023, there were 134 investment securities available-for-sale that were in an unrealized loss position. The unrealized losses related to investment securities available-for-sale as of December 31, 2023 or 2022, relate to changes in interest rates relative to when the investment securities were purchased, and do not indicate credit-related impairment. Primis performs quantitative analysis and if needed, a qualitative analysis in this determination. As a result of the Company’s analysis, none of the securities were deemed to require an allowance for credit losses. Primis has the ability and intent to retain these securities for a period of time sufficient to recover all unrealized losses. ​ ​ The following tables present information regarding investment securities available-for-sale and held-to-maturity in a continuous unrealized loss position as of December 31, 2023 and 2022 by duration of time in a loss position (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ — ​ $ — ​ $ 93,782 ​ $ (13,826) ​ $ 93,782 ​ $ (13,826) Obligations of states and political subdivisions ​ ​ 3,945 ​ ​ (19) ​ ​ 23,002 ​ ​ (3,714) ​ ​ 26,947 ​ ​ (3,733) Corporate securities ​ ​ 939 ​ ​ (61) ​ ​ 13,109 ​ ​ (1,891) ​ ​ 14,048 ​ ​ (1,952) Collateralized loan obligations ​ ​ — ​ ​ — ​ ​ 4,982 ​ ​ (36) ​ ​ 4,982 ​ ​ (36) Residential government-sponsored collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ 17,306 ​ ​ (1,631) ​ ​ 17,306 ​ ​ (1,631) Government-sponsored agency securities ​ — ​ — ​ 13,711 ​ (2,556) ​ 13,711 ​ (2,556) Agency commercial mortgage-backed securities ​ — ​ — ​ 30,110 ​ (3,949) ​ 30,110 ​ (3,949) SBA pool securities ​ 301 ​ (1) ​ 2,693 ​ (52) ​ 2,994 ​ (53) Total ​ $ 5,185 ​ $ (81) ​ $ 198,695 ​ $ (27,655) ​ $ 203,880 ​ $ (27,736) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2023 Fair Unrecognized Fair Unrecognized Fair Unrecognized Held-to-Maturity ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ — ​ $ — ​ $ 8,286 ​ $ (754) ​ $ 8,286 ​ $ (754) Obligations of states and political subdivisions ​ 1,373 ​ (4) ​ 396 ​ (38) ​ 1,769 ​ (42) Residential government-sponsored collateralized mortgage obligations ​ — ​ — ​ 204 ​ (15) ​ 204 ​ (15) Total ​ $ 1,373 ​ $ (4) ​ $ 8,886 ​ $ (807) ​ $ 10,259 ​ $ (811) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2022 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ 23,484 ​ $ (2,268) ​ $ 79,283 ​ $ (14,223) ​ $ 102,767 ​ $ (16,491) Obligations of states and political subdivisions ​ ​ 10,026 ​ ​ (388) ​ ​ 17,609 ​ ​ (4,539) ​ ​ 27,635 ​ ​ (4,927) Corporate securities ​ ​ 14,828 ​ ​ (1,172) ​ ​ — ​ ​ — ​ ​ 14,828 ​ ​ (1,172) Collateralized loan obligations ​ ​ — ​ ​ — ​ ​ 4,876 ​ ​ (146) ​ ​ 4,876 ​ ​ (146) Residential government-sponsored collateralized mortgage obligations ​ ​ 22,343 ​ ​ (1,375) ​ ​ 4,252 ​ ​ (673) ​ ​ 26,595 ​ ​ (2,048) Government-sponsored agency securities ​ 1,484 ​ (16) ​ 13,132 ​ (3,087) ​ 14,616 ​ (3,103) Agency commercial mortgage-backed securities ​ 13,031 ​ (371) ​ 24,386 ​ (4,392) ​ 37,417 ​ (4,763) SBA pool securities ​ 529 ​ (38) ​ 3,243 ​ (49) ​ 3,772 ​ (87) Total ​ $ 85,725 ​ $ (5,628) ​ $ 146,781 ​ $ (27,109) ​ $ 232,506 ​ $ (32,737) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2022 Fair Unrecognized Fair Unrecognized Fair Unrecognized Held-to-Maturity ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ 9,457 ​ $ (1,002) ​ $ 58 ​ $ (5) ​ $ 9,515 ​ $ (1,007) Obligations of states and political subdivisions ​ 1,255 ​ (46) ​ — ​ — ​ 1,255 ​ (46) Residential government-sponsored collateralized mortgage obligations ​ 75 ​ (4) ​ 181 ​ (17) ​ 256 ​ (21) Total ​ $ 10,787 ​ $ (1,052) ​ $ 239 ​ $ (22) ​ $ 11,026 ​ $ (1,074) ​

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	4. LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table summarizes the composition of our loan portfolio as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 Loans held for sale, at fair value ​ $ 57,691 ​ $ 27,626 ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ Commercial real estate - owner occupied (1) ​ $ 455,397 ​ $ 459,866 Commercial real estate - non-owner occupied ​ 578,600 ​ 579,733 Secured by farmland ​ 5,044 ​ 5,970 Construction and land development ​ 164,742 ​ 148,690 Residential 1-4 family ​ 606,226 ​ 609,694 Multi-family residential ​ 127,857 ​ 140,321 Home equity lines of credit ​ 59,670 ​ 65,152 Total real estate loans ​ 1,997,536 ​ 2,009,426 ​ ​ ​ ​ ​ ​ ​ Commercial loans (2) ​ 602,623 ​ 520,741 Paycheck Protection Program loans ​ ​ 2,023 ​ ​ 4,564 Consumer loans ​ 611,583 ​ 405,278 Total Non-PCD loans ​ 3,213,765 ​ 2,940,009 PCD loans ​ ​ 5,649 ​ ​ 6,628 Total loans held for investment ​ $ 3,219,414 ​ $ 2,946,637 ​ ​ ​ ​ ​ ​ ​ (1) Includes $7.7 million related to loans collateralizing secured borrowings . (2) Includes $12.8 million related to loans collateralizing secured borrowings . The accounting policy related to the allowance for credit losses is considered a critical policy given the level of estimation, judgment, and uncertainty in the levels of the allowance required to account for the expected losses in the loan portfolio and the material effect such estimation, judgment, and uncertainty can have on the consolidated financial results. Accrued Interest Receivable Accrued interest receivable on loans totaled $20.1 million and $10.8 million at December 31, 2023 and 2022, respectively, and is included in other assets in the consolidated balance sheets. Nonaccrual and Past Due Loans 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. In determining whether or not a borrower may be unable to meet payment obligations for each class of loans, we consider the borrower’s debt service capacity through the analysis of current financial information, if available, and/or current information with regards to our collateral position. Regulatory provisions would typically require the placement of a loan on nonaccrual status if (i) principal or interest has been in default for a period of 90 days or more unless the loan is both well secured and in the process of collection or (ii) full payment of principal and interest is not expected. Loans may be placed on nonaccrual status regardless of whether or not such loans are considered past due. When interest accrual is discontinued, all unpaid accrued interest is reversed. Interest income on nonaccrual loans is recognized only to the extent that cash payments are received in excess of principal due. A loan may be returned to accrual status when all the principal and interest amounts contractually due are brought current and future principal and interest amounts contractually due are reasonably assured, which is typically evidenced by a sustained period (at least six months) of repayment performance by the borrower. ​ The following tables present the aging of the recorded investment in past due loans by class of loans held for investment as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 - 59 60 - 89 90 ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ Days ​ Total ​ Loans Not ​ Total December 31, 2023 ​ Past Due ​ Past Due ​ or More ​ Past Due ​ Past Due ​ Loans Commercial real estate - owner occupied ​ $ 75 ​ $ — ​ $ 219 ​ $ 294 ​ $ 455,103 ​ $ 455,397 Commercial real estate - non-owner occupied ​ 1,155 ​ — ​ ​ — ​ 1,155 ​ 577,445 ​ 578,600 Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,044 ​ ​ 5,044 Construction and land development ​ 26 ​ ​ 143 ​ ​ — ​ ​ 169 ​ ​ 164,573 ​ 164,742 Residential 1-4 family ​ 1,850 ​ ​ 838 ​ ​ 1,376 ​ ​ 4,064 ​ ​ 602,162 ​ 606,226 Multi- family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127,857 ​ ​ 127,857 Home equity lines of credit ​ 416 ​ ​ 378 ​ 556 ​ ​ 1,350 ​ ​ 58,320 ​ 59,670 Commercial loans ​ ​ 40 ​ ​ 588 ​ ​ 1,203 ​ ​ 1,831 ​ ​ 600,792 ​ ​ 602,623 Paycheck Protection Program loans ​ ​ 18 ​ ​ — ​ ​ 1,714 ​ ​ 1,732 ​ ​ 291 ​ ​ 2,023 Consumer loans ​ 3,805 ​ ​ 2,093 ​ ​ 310 ​ 6,208 ​ 605,375 ​ 611,583 Total Non-PCD loans ​ ​ 7,385 ​ ​ 4,040 ​ ​ 5,378 ​ ​ 16,803 ​ ​ 3,196,962 ​ ​ 3,213,765 PCD loans ​ ​ 2,061 ​ ​ 128 ​ ​ 1,241 ​ ​ 3,430 ​ ​ 2,219 ​ ​ 5,649 Total ​ $ 9,446 ​ $ 4,168 ​ $ 6,619 ​ $ 20,233 ​ $ 3,199,181 ​ $ 3,219,414 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 - 59 60 - 89 90 ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ Days ​ Total ​ Loans Not ​ Total ​ December 31, 2022 ​ Past Due ​ Past Due ​ or More ​ Past Due ​ Past Due ​ Loans ​ Commercial real estate - owner occupied ​ $ 55 ​ $ — ​ $ — ​ $ 55 ​ $ 459,811 ​ $ 459,866 ​ Commercial real estate - non-owner occupied ​ 290 ​ 169 ​ ​ 19,641 ​ 20,100 ​ 559,633 ​ 579,733 ​ Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,970 ​ ​ 5,970 ​ Construction and land development ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 148,644 ​ 148,690 ​ Residential 1-4 family ​ 2,180 ​ ​ 410 ​ ​ 304 ​ ​ 2,894 ​ ​ 606,800 ​ 609,694 ​ Multi- family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 140,321 ​ ​ 140,321 ​ Home equity lines of credit ​ 431 ​ ​ 96 ​ 249 ​ ​ 776 ​ ​ 64,376 ​ 65,152 ​ Commercial loans ​ ​ 39 ​ ​ — ​ ​ 2,956 ​ ​ 2,995 ​ ​ 517,746 ​ ​ 520,741 ​ Paycheck Protection Program loans ​ ​ 16 ​ ​ 15 ​ ​ 3,360 ​ ​ 3,391 ​ ​ 1,173 ​ ​ 4,564 ​ Consumer loans ​ 2,079 ​ ​ 1,421 ​ ​ 200 ​ 3,700 ​ 401,578 ​ 405,278 ​ Total Non-PCD loans ​ ​ 5,136 ​ ​ 2,111 ​ ​ 26,710 ​ ​ 33,957 ​ ​ 2,906,052 ​ ​ 2,940,009 ​ PCD loans ​ ​ — ​ ​ — ​ ​ 1,328 ​ ​ 1,328 ​ ​ 5,300 ​ ​ 6,628 ​ Total ​ $ 5,136 ​ $ 2,111 ​ $ 28,038 ​ $ 35,285 ​ $ 2,911,352 ​ $ 2,946,637 ​ ​ ​ ​ The amortized cost, by class, of loans and leases on nonaccrual status at December 31, 2023 and 2022, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ Less Than Total Nonaccrual With ​ ​ Past Due ​ ​ 90 Days ​ Nonaccrual ​ No Credit December 31, 2023 ​ or More ​ ​ Past Due ​ Loans ​ Loss Allowance Commercial real estate - owner occupied ​ $ 219 ​ $ 469 ​ $ 688 ​ $ 688 Secured by farmland ​ ​ — ​ ​ 480 ​ ​ 480 ​ ​ 480 Construction and land development ​ — ​ 23 ​ 23 ​ 23 Residential 1-4 family ​ 1,376 ​ 1,437 ​ 2,813 ​ 2,813 Home equity lines of credit ​ ​ 556 ​ ​ 571 ​ ​ 1,127 ​ ​ 1,127 Commercial loans ​ 1,203 ​ 576 ​ 1,779 ​ 207 Consumer loans ​ 310 ​ 634 ​ 944 ​ 944 Total Non-PCD loans ​ ​ 3,664 ​ ​ 4,190 ​ ​ 7,854 ​ ​ 6,282 PCD loans ​ ​ 1,241 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 Total ​ $ 4,905 ​ $ 4,190 ​ $ 9,095 ​ $ 7,523 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ Less Than Total Nonaccrual With ​ ​ Past Due ​ ​ 90 Days ​ Nonaccrual ​ No Credit December 31, 2022 ​ or More ​ ​ Past Due ​ Loans ​ Loss Allowance Commercial real estate - owner occupied ​ $ — ​ $ 509 ​ $ 509 ​ $ 509 Commercial real estate - non-owner occupied ​ 19,641 ​ — ​ 19,641 ​ 19,641 Secured by farmland ​ ​ — ​ ​ 713 ​ ​ 713 ​ ​ 713 Construction and land development ​ — ​ 29 ​ 29 ​ 29 Residential 1-4 family ​ 304 ​ 8,995 ​ 9,299 ​ 9,299 Home equity lines of credit ​ ​ 249 ​ ​ 301 ​ ​ 550 ​ ​ 550 Commercial loans ​ 2,956 ​ 121 ​ 3,077 ​ 121 Paycheck Protection Program loans ​ ​ — ​ ​ 4 ​ ​ 4 ​ ​ 4 Consumer loans ​ 200 ​ 134 ​ 334 ​ 299 Total Non-PCD loans ​ ​ 23,350 ​ ​ 10,806 ​ ​ 34,156 ​ ​ 31,165 PCD loans ​ ​ 1,328 ​ ​ — ​ ​ 1,328 ​ ​ 1,328 Total ​ $ 24,678 ​ $ 10,806 ​ $ 35,484 ​ $ 32,493 ​ There were $1.7 million and $3.4 million of Paycheck Protection Program (“PPP”) loans greater than 90 days past due and still accruing at December 31, 2023 and 2022, respectively. ​ The following table presents nonaccrual loans as of December 31, 2023 by class and year of origination (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ $ — ​ $ — ​ $ 219 ​ $ — ​ $ — ​ $ 469 ​ $ — ​ $ — ​ $ 688 Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 480 ​ ​ — ​ ​ — ​ ​ 480 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 23 ​ — ​ — ​ 23 Residential 1-4 family ​ ​ — ​ 585 ​ ​ — ​ ​ 40 ​ ​ 160 ​ ​ 1,811 ​ ​ — ​ ​ 217 ​ ​ 2,813 Home equity lines of credit ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ 1,035 ​ ​ 17 ​ ​ 1,127 Commercial loans ​ — ​ — ​ 383 ​ — ​ — ​ 1,049 ​ — ​ 347 ​ 1,779 Consumer loans ​ ​ 7 ​ 453 ​ ​ 474 ​ ​ — ​ ​ 9 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 944 Total non-PCD nonaccruals ​ ​ 7 ​ ​ 1,038 ​ ​ 1,076 ​ ​ 40 ​ ​ 169 ​ ​ 3,908 ​ ​ 1,035 ​ ​ 581 ​ ​ 7,854 PCD loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,241 ​ ​ — ​ ​ — ​ ​ 1,241 Total nonaccrual loans ​ $ 7 ​ $ 1,038 ​ $ 1,076 ​ $ 40 ​ $ 169 ​ $ 5,149 ​ $ 1,035 ​ $ 581 ​ $ 9,095 ​ Interest received on nonaccrual loans was $0.5 million and $1.2 million for the years ended December 31, 2023 and 2022, respectively. Modifications Provided to Borrowers Experiencing Financial Difficulty The assessments of whether a borrower is experiencing financial difficulty at the time a concession has been granted is subjective in nature and management’s judgment is required when determining whether the concession results in a modification that is accounted for as a new loan or a continuation of the existing loan under U.S. GAAP. Although each occurrence is unique to the borrower and is evaluated separately, for all portfolio segments, loans modified as a result of borrowers experiencing financial difficulty are typically modified through reductions in interest rates, reductions in payments, changing the payment terms from principal and interest to interest only, and/or extensions in term maturity. During the year ended December 31, 2023, on an amortized cost basis, five other consumer loans totaling $288 thousand, two loans secured by first liens totaling $949 thousand and two loans secured by owner occupied real estate totaling $416 thousand were modified to borrowers experiencing financial difficulty, representing 0.07%, 0.07% and 0.21% of their respective total loan segments. In the secured by first liens segment one loan, with an amortized cost of $857 thousand, resumed contractual payments in August after a six month deferral of principal and interest granted in the first quarter, and has experienced no payment delinquencies since modification. Also in the secured by first liens pool one loan with an amortized cost of $92 thousand was modified in the fourth quarter to reduce principal and interest payments beginning November 2023 and is currently 29 days past due. Prior to modification, total contractual payments for the quarter for this loan would have totaled $4 thousand. Two loans secured by owner-occupied real estate totaling $416 thousand in amortized cost were modified in the second quarter to allow for re-amortization of the balance over a 25 year period, while maintaining the original maturity date of February and July 2027 and both loans have paid as agreed since modification. In the other consumer loan segment, two loans to one borrower totaling $180 thousand in amortized cost received four months of principal and interest payment deferrals in the second quarter, and returned to contractual payments in August 2023. Both loans are currently 90 days past due. One loan with $63 thousand in amortized cost, was modified in the third quarter with reduced monthly payments of $3 thousand for the remaining 84-month In the fourth quarter, one consumer loan, with $30 thousand in amortized cost was modified to interest only payments for nine months, with principal and interest payments to resume June 2024. Total contractual payments, prior to modification, for the quarter would have been $645. This other consumer loan is paying as agreed. Also, in the fourth quarter, one consumer loan totaling $15 thousand in amortized cost restructured to interest only payments for eleven months, with a return to principal and interest payments in August 2024. Total contractual payments for this loan prior to modification for the quarter would have been $549. This other consumer loan is paying as agreed. The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies certain loans by providing principal forgiveness. When principal forgiveness is provided, the amortized cost basis of the loan is written off against the allowance. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. If it is determined that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. At that time, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. Credit Quality Indicators Through its system of internal controls, Primis evaluates and segments loan portfolio credit quality using regulatory definitions for Special Mention, Substandard and Doubtful. Special Mention loans are considered to be criticized. Substandard and Doubtful loans are considered to be classified. Special Mention loans are loans that have a potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position. Substandard loans may be inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful loans have all the weaknesses inherent in those classified as Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable or improbable. Primis had no loans classified as Doubtful as of December 31, 2023 or 2022. In monitoring credit quality trends in the context of assessing the appropriate level of the allowance for credit losses on loans, we monitor portfolio credit quality by the weighted-average risk grade of each class of loan. ​ ​ The following table presents weighted-average risk grades for all loans, by class and year of origination/renewal as of December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 42,262 ​ $ 97,259 ​ $ 61,316 ​ $ 17,914 ​ $ 23,675 ​ $ 191,674 ​ $ 4,054 ​ $ 6,503 ​ $ 444,657 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,368 ​ ​ — ​ ​ — ​ ​ 5,368 Substandard ​ ​ — ​ ​ — ​ ​ 219 ​ ​ — ​ ​ 95 ​ ​ 5,058 ​ ​ — ​ ​ — ​ ​ 5,372 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 42,262 ​ $ 97,259 ​ $ 61,535 ​ $ 17,914 ​ $ 23,770 ​ $ 202,100 ​ $ 4,054 ​ $ 6,503 ​ $ 455,397 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.52 ​ ​ 3.35 ​ ​ 3.44 ​ ​ 3.38 ​ ​ 3.37 ​ ​ 3.54 ​ ​ 3.46 ​ ​ 3.97 ​ ​ 3.48 Commercial real estate - nonowner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 19,474 ​ $ 65,355 ​ $ 119,065 ​ $ 42,781 ​ $ 37,446 ​ $ 282,497 ​ $ 1,847 ​ $ 5,856 ​ $ 574,321 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,529 ​ ​ — ​ ​ 2,750 ​ ​ — ​ ​ — ​ ​ 4,279 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 19,474 ​ $ 65,355 ​ $ 119,065 ​ $ 44,310 ​ $ 37,446 ​ $ 285,247 ​ $ 1,847 ​ $ 5,856 ​ $ 578,600 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,170 ​ $ — ​ $ — ​ $ 1,170 Weighted average risk grade ​ ​ 3.09 ​ ​ 3.35 ​ ​ 3.08 ​ ​ 3.83 ​ ​ 3.95 ​ ​ 3.64 ​ ​ 3.44 ​ ​ 2.86 ​ ​ 3.50 Secured by farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 361 ​ $ — ​ $ 10 ​ $ 98 ​ $ — ​ $ 3,333 ​ $ 607 ​ $ 155 ​ $ 4,564 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 480 ​ ​ — ​ ​ — ​ ​ 480 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 361 ​ $ — ​ $ 10 ​ $ 98 ​ $ — ​ $ 3,813 ​ $ 607 ​ $ 155 ​ $ 5,044 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ ​ ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.81 ​ ​ N/A ​ ​ 4.00 ​ ​ 4.00 ​ ​ N/A ​ ​ 4.04 ​ ​ 4.00 ​ ​ 3.11 ​ ​ 3.99 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 32,496 ​ $ 41,304 ​ $ 72,337 ​ $ 512 ​ $ 2,478 ​ $ 13,912 ​ $ 727 ​ $ 1 ​ $ 163,767 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 952 ​ ​ — ​ ​ — ​ ​ 952 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ ​ — ​ ​ 23 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 32,496 ​ $ 41,304 ​ $ 72,337 ​ $ 512 ​ $ 2,478 ​ $ 14,887 ​ $ 727 ​ $ 1 ​ $ 164,742 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ 2 Weighted average risk grade ​ ​ 3.44 ​ ​ 3.06 ​ ​ 3.40 ​ ​ 3.37 ​ ​ 3.29 ​ ​ 3.44 ​ ​ 3.41 ​ ​ 4.00 ​ ​ 3.33 Residential 1-4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 37,097 ​ $ 163,464 ​ $ 148,845 ​ $ 40,697 ​ $ 56,117 ​ $ 148,066 ​ $ 3,293 ​ $ 2,499 ​ $ 600,078 Special Mention ​ ​ — ​ ​ 1,036 ​ ​ — ​ ​ — ​ ​ — ​ ​ 511 ​ ​ — ​ ​ — ​ ​ 1,547 Substandard ​ ​ — ​ ​ 585 ​ ​ — ​ ​ 40 ​ ​ 160 ​ ​ 3,328 ​ ​ — ​ ​ 488 ​ ​ 4,601 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 37,097 ​ $ 165,085 ​ $ 148,845 ​ $ 40,737 ​ $ 56,277 ​ $ 151,905 ​ $ 3,293 ​ $ 2,987 ​ $ 606,226 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ $ 198 ​ $ — ​ $ — ​ $ 770 Weighted average risk grade ​ ​ 3.10 ​ ​ 3.10 ​ ​ 3.04 ​ ​ 3.07 ​ ​ 3.08 ​ ​ 3.25 ​ ​ 3.62 ​ ​ 3.50 ​ ​ 3.12 Multi- family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 544 ​ $ 8,105 ​ $ 21,404 ​ $ 17,738 ​ $ 6,925 ​ $ 68,238 ​ $ 3,360 ​ $ 619 ​ $ 126,933 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 637 ​ ​ — ​ ​ 287 ​ ​ 924 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 544 ​ $ 8,105 ​ $ 21,404 ​ $ 17,738 ​ $ 6,925 ​ $ 68,875 ​ $ 3,360 ​ $ 906 ​ $ 127,857 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.00 ​ ​ 3.70 ​ ​ 3.00 ​ ​ 3.91 ​ ​ 3.00 ​ ​ 3.35 ​ ​ 3.97 ​ ​ 4.63 ​ ​ 3.40 Home equity lines of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 521 ​ $ 487 ​ $ 417 ​ $ 48 ​ $ 72 ​ $ 3,012 ​ $ 52,923 ​ $ 856 ​ $ 58,336 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 111 ​ ​ — ​ ​ 111 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ 1,131 ​ ​ 17 ​ ​ 1,223 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 521 ​ $ 487 ​ $ 417 ​ $ 48 ​ $ 72 ​ $ 3,087 ​ $ 54,165 ​ $ 873 ​ $ 59,670 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 32 ​ $ — ​ $ 32 Weighted average risk grade ​ ​ 3.01 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.95 ​ ​ 3.10 ​ ​ 3.93 ​ ​ 3.15 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 155,238 ​ $ 269,011 ​ $ 50,804 ​ $ 5,683 ​ $ 2,370 ​ $ 30,240 ​ $ 78,984 ​ $ 7,104 ​ $ 599,434 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 114 ​ ​ — ​ ​ 1,180 ​ ​ — ​ ​ 1,315 Substandard ​ ​ — ​ ​ — ​ ​ 383 ​ ​ 212 ​ ​ 56 ​ ​ 1,223 ​ ​ — ​ ​ — ​ ​ 1,874 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 155,238 ​ $ 269,011 ​ $ 51,187 ​ $ 5,916 ​ $ 2,540 ​ $ 31,463 ​ $ 80,164 ​ $ 7,104 ​ $ 602,623 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ 17 ​ $ — ​ $ 1,240 ​ $ 1,597 ​ $ — ​ $ 2,854 Weighted average risk grade ​ ​ 2.97 ​ ​ 3.10 ​ ​ 3.35 ​ ​ 3.41 ​ ​ 4.02 ​ ​ 3.50 ​ ​ 3.26 ​ ​ 3.70 ​ ​ 3.14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Paycheck Protection Program loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ 1,087 ​ $ 936 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,023 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ 1,087 ​ $ 936 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,023 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ 2.00 ​ ​ 2.00 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 2.00 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 294,825 ​ $ 277,640 ​ $ 25,695 ​ $ 916 ​ $ 89 ​ $ 3,661 ​ $ 6,998 ​ $ 368 ​ $ 610,192 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 63 ​ ​ — ​ ​ — ​ ​ 63 Substandard ​ ​ 8 ​ ​ 831 ​ ​ 479 ​ ​ — ​ ​ 9 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1,328 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 294,833 ​ $ 278,471 ​ $ 26,174 ​ $ 916 ​ $ 98 ​ $ 3,725 ​ $ 6,998 ​ $ 368 ​ $ 611,583 Current period gross charge offs ​ $ 2,379 ​ $ 7,910 ​ $ 621 ​ $ 3 ​ $ — ​ $ 944 ​ $ 9 ​ $ ​ ​ $ 11,866 Weighted average risk grade ​ ​ 3.43 ​ ​ 2.59 ​ ​ 3.55 ​ ​ 4.00 ​ ​ 4.13 ​ ​ 5.81 ​ ​ 2.80 ​ ​ N/A ​ ​ 3.06 PCD ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,842 ​ $ — ​ $ — ​ $ 2,842 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,295 ​ ​ — ​ ​ — ​ ​ 1,295 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,512 ​ ​ — ​ ​ — ​ ​ 1,512 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,649 ​ $ — ​ $ — ​ $ 5,649 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 4.66 ​ ​ N/A ​ ​ N/A ​ ​ 4.66 Total ​ $ 582,826 ​ $ 925,077 ​ $ 502,061 ​ $ 129,125 ​ $ 129,606 ​ $ 770,751 ​ $ 155,215 ​ $ 24,753 ​ $ 3,219,414 Current period gross charge offs ​ $ 2,379 ​ $ 7,910 ​ $ 621 ​ $ 20 ​ $ 572 ​ $ 3,554 ​ $ 1,638 ​ $ — ​ $ 16,694 Weighted average risk grade ​ ​ 3.28 ​ ​ 3.00 ​ ​ 3.20 ​ ​ 3.50 ​ ​ 3.40 ​ ​ 3.52 ​ ​ 3.22 ​ ​ 3.59 ​ ​ 3.26 ​ ​ The following table presents weighted-average risk grades for all loans, by class and year of origination/renewal as of December 31, 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 2018 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 116,545 ​ $ 58,202 ​ $ 19,178 ​ $ 21,985 ​ $ 27,397 ​ $ 202,484 ​ $ 3,389 ​ $ 6,740 ​ $ 455,920 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 988 ​ ​ — ​ ​ — ​ ​ 988 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,958 ​ ​ — ​ ​ — ​ ​ 2,958 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 116,545 ​ $ 58,202 ​ $ 19,178 ​ $ 21,985 ​ $ 27,397 ​ $ 206,430 ​ $ 3,389 ​ $ 6,740 ​ $ 459,866 Weighted average risk grade ​ ​ 3.25 ​ ​ 3.45 ​ ​ 3.38 ​ ​ 3.27 ​ ​ 3.43 ​ ​ 3.50 ​ ​ 3.52 ​ ​ 3.96 ​ ​ 3.42 Commercial real estate - nonowner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 28,128 ​ $ 126,291 ​ $ 44,696 ​ $ 41,631 ​ $ 55,702 ​ $ 228,735 ​ $ 4,173 ​ $ 3,065 ​ $ 532,421 Special Mention ​ ​ — ​ ​ — ​ ​ 1,566 ​ ​ — ​ ​ 926 ​ ​ 24,580 ​ ​ — ​ ​ 601 ​ ​ 27,673 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,066 ​ ​ 6,573 ​ ​ — ​ ​ — ​ ​ 19,639 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 28,128 ​ $ 126,291 ​ $ 46,262 ​ $ 41,631 ​ $ 69,694 ​ $ 259,888 ​ $ 4,173 ​ $ 3,666 ​ $ 579,733 Weighted average risk grade ​ ​ 3.36 ​ ​ 3.16 ​ ​ 3.82 ​ ​ 3.95 ​ ​ 4.01 ​ ​ 3.82 ​ ​ 2.87 ​ ​ 3.33 ​ ​ 3.68 Secured by farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 141 ​ $ 16 ​ $ 110 ​ $ — ​ $ — ​ $ 2,279 ​ $ 1,697 ​ $ 85 ​ $ 4,328 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 649 ​ ​ — ​ ​ 112 ​ ​ 761 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ 875 ​ ​ — ​ ​ — ​ ​ 881 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 141 ​ $ 16 ​ $ 110 ​ $ 6 ​ $ — ​ $ 3,803 ​ $ 1,697 ​ $ 197 ​ $ 5,970 Weighted average risk grade ​ ​ 4.00 ​ ​ 4.00 ​ ​ 4.00 ​ ​ 6.00 ​ ​ N/A ​ ​ 4.20 ​ ​ 3.98 ​ ​ 3.70 ​ ​ 4.13 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 44,253 ​ $ 73,226 ​ $ 847 ​ $ 3,006 ​ $ 6,937 ​ $ 19,553 ​ $ 822 ​ $ 17 ​ $ 148,661 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 29 ​ ​ — ​ ​ — ​ ​ 29 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 44,253 ​ $ 73,226 ​ $ 847 ​ $ 3,006 ​ $ 6,937 ​ $ 19,582 ​ $ 822 ​ $ 17 ​ $ 148,690 Weighted average risk grade ​ ​ 3.21 ​ ​ 3.06 ​ ​ 3.60 ​ ​ 3.42 ​ ​ 3.17 ​ ​ 3.69 ​ ​ 3.36 ​ ​ 4.00 ​ ​ 3.20 Residential 1-4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 152,178 ​ $ 157,233 ​ $ 43,812 ​ $ 61,268 ​ $ 40,707 ​ $ 138,782 ​ $ 1,837 ​ $ 3,437 ​ $ 599,254 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 30 ​ ​ — ​ ​ — ​ ​ 30 Substandard ​ ​ 285 ​ ​ — ​ ​ — ​ ​ 8,099 ​ ​ — ​ ​ 1,310 ​ ​ — ​ ​ 716 ​ ​ 10,410 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 152,463 ​ $ 157,233 ​ $ 43,812 ​ $ 69,367 ​ $ 40,707 ​ $ 140,122 ​ $ 1,837 ​ $ 4,153 ​ $ 609,694 Weighted average risk grade ​ ​ 3.09 ​ ​ 3.04 ​ ​ 3.07 ​ ​ 3.41 ​ ​ 3.13 ​ ​ 3.23 ​ ​ 3.92 ​ ​ 3.54 ​ ​ 3.15 Multi- family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 9,953 ​ $ 21,927 ​ $ 18,338 ​ $ 7,064 ​ $ 1,804 ​ $ 75,370 ​ $ 4,192 ​ $ 676 ​ $ 139,324 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 702 ​ ​ — ​ ​ 295 ​ ​ 997 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 9,953 ​ $ 21,927 ​ $ 18,338 ​ $ 7,064 ​ $ 1,804 ​ $ 76,072 ​ $ 4,192 ​ $ 971 ​ $ 140,321 Weighted average risk grade ​ ​ 3.58 ​ ​ 3.00 ​ ​ 3.90 ​ ​ 3.00 ​ ​ 3.21 ​ ​ 3.31 ​ ​ 4.00 ​ ​ 4.61 ​ ​ 3.37 Home equity lines of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 463 ​ $ 431 ​ $ 52 ​ $ 63 ​ $ 230 ​ $ 4,093 ​ $ 58,312 ​ $ 957 ​ $ 64,601 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 54 ​ ​ 476 ​ ​ 21 ​ ​ 551 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 463 ​ $ 431 ​ $ 52 ​ $ 63 ​ $ 230 ​ $ 4,147 ​ $ 58,788 ​ $ 978 ​ $ 65,152 Weighted average risk grade ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.94 ​ ​ 3.05 ​ ​ 3.89 ​ ​ 3.12 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 295,459 ​ $ 59,642 ​ $ 7,332 ​ $ 6,658 ​ $ 9,228 ​ $ 19,830 ​ $ 100,407 ​ $ 17,381 ​ $ 515,937 Special Mention ​ ​ — ​ ​ 396 ​ ​ 64 ​ ​ 74 ​ ​ — ​ ​ — ​ ​ 519 ​ ​ 388 ​ ​ 1,441 Substandard ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 90 ​ ​ — ​ ​ 1,678 ​ ​ 1,590 ​ ​ — ​ ​ 3,363 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 295,459 ​ $ 60,038 ​ $ 7,401 ​ $ 6,822 ​ $ 9,228 ​ $ 21,508 ​ $ 102,516 ​ $ 17,769 ​ $ 520,741 Weighted average risk grade ​ ​ 3.14 ​ ​ 3.41 ​ ​ 3.38 ​ ​ 3.90 ​ ​ 3.42 ​ ​ 3.70 ​ ​ 3.47 ​ ​ 3.33 ​ ​ 3.29 Paycheck Protection Program loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ 2,119 ​ $ 2,435 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,554 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ 2,129 ​ $ 2,435 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,564 Weighted average risk grade ​ ​ N/A ​ ​ 2.02 ​ ​ 2.00 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 2.01 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 2018 ​ Prior ​ Loans ​ To Term Total Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 365,842 ​ $ 29,184 ​ $ 1,493 ​ $ 340 ​ $ 534 ​ $ 4,319 ​ $ 2,918 ​ $ — ​ $ 404,630 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 65 ​ ​ — ​ ​ — ​ ​ 65 Substandard ​ ​ 70 ​ ​ 513 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 583 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 365,912 ​ $ 29,697 ​ $ 1,493 ​ $ 340 ​ $ 534 ​ $ 4,384 ​ $ 2,918 ​ $ — ​ $ 405,278 Weighted average risk grade ​ ​ 3.24 ​ ​ 3.74 ​ ​ 3.99 ​ ​ 3.98 ​ ​ 4.00 ​ ​ 4.02 ​ ​ 3.81 ​ ​ N/A ​ ​ 3.30 PCD ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,692 ​ $ — ​ $ — ​ $ 3,692 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,320 ​ ​ — ​ ​ — ​ ​ 1,320 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,616 ​ ​ — ​ ​ — ​ ​ 1,616 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,628 ​ $ — ​ $ — ​ $ 6,628 Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 4.54 ​ ​ N/A ​ ​ N/A ​ ​ 4.54 Total ​ $ 1,013,317 ​ $ 529,190 ​ $ 139,928 ​ $ 150,284 ​ $ 156,531 ​ $ 742,564 ​ $ 180,332 ​ $ 34,491 ​ $ 2,946,637 Weighted average risk grade ​ ​ 3.20 ​ ​ 3.19 ​ ​ 3.48 ​ ​ 3.54 ​ ​ 3.60 ​ ​ 3.57 ​ ​ 3.35 ​ ​ 3.53 ​ ​ 3.36 ​ Revolving loans that converted to term during 2023 and 2022 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ For the year ended December 31, 2022 Commercial real estate - owner occupied ​ $ 2 ​ ​ $ — Commercial real estate - non-owner occupied ​ ​ 2,865 ​ ​ ​ 3,065 Secured by farmland ​ ​ — ​ ​ ​ 198 Residential 1-4 family ​ ​ 133 ​ ​ ​ 1,492 Multi- family residential ​ ​ — ​ ​ ​ 676 Home equity lines of credit ​ ​ — ​ ​ ​ 832 Commercial loans ​ 684 ​ ​ 13,309 Consumer loans ​ 368 ​ ​ — Total loans ​ $ 4,052 ​ ​ $ 19,572 ​ There were no foreclosed residential real estate property held as of both December 31, 2023 and 2022. The recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure was $0.8 million and $0.1 million as of December 31, 2023 and 2022, respectively. Allowance For Credit Losses – Loans The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC 326 that is deducted from the amortized cost basis of loans to present the net amount expected to be collected. The amount of the allowance represents managem

DERIVATIVES

DERIVATIVES	12 Months Ended
	Dec. 31, 2023
DERIVATIVES
DERIVATIVES	5. DERIVATIVES ​ Consumer Program Derivative The Company has a derivative instrument in connection with its agreement with a third-party that originates loans that are held on the Company’s balance sheet. The third-party provides credit support and reimbursement for lost interest under the agreement and the Company provides performance fees to the third-party on performing loans. Specifically, a portion of the originated loans are originated with a promotional period where interest accrues on the loans but is not owed to the Company unless and until the loan begins to amortize. If the borrower prepays the principal on the loan prior to the end of the promotional period the accrued interest is waived, but becomes due to the Company from the third-party under the agreement. This expected payment of waived interest to the Company along with performance fees due to the third-party comprise the value of the derivative. The fair value of the derivative instrument was an asset of $10.8 million and a liability of $0.5 million as of December 31, 2023 and 2022, respectively. The underlying cash flows were $12.4 million and $1.3 million as of December 31, 2023 and 2022, respectively. The Company calculates the fair value of this derivative using a discounted cash flow model using inputs that are inherently judgmental and reflect management’s best estimates of the assumptions a market participant would use to calculate the fair value. The most significant inputs and assumptions in determining the value of the derivative are noted below ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Weighted ​ ​ Low ​ High ​ Average Remaining cumulative charge-offs ​ $ 25,661 ​ $ 35,334 ​ $ n/a Remaining cumulative promotional prepayments ​ $ 41,085 ​ $ 75,086 ​ $ 49,716 Average life (years) ​ n/a ​ n/a ​ 1.0 Discount rate ​ 4.63% ​ 14.64% ​ 14.64% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Weighted ​ ​ Low ​ High ​ Average Remaining cumulative charge-offs ​ $ — ​ $ 6,777 ​ $ n/a Remaining cumulative promotional prepayments ​ $ 26,211 ​ $ 47,902 ​ $ 30,251 Average life (years) ​ n/a ​ n/a ​ 2.2 Discount rate ​ 4.21% ​ 14.25% ​ 8.53% ​ Mortgage Banking Derivatives and Financial Instruments The Company enters into IRLCs (“interest rate lock commitments”) to originate residential mortgage loans held for sale, at specified interest rates and within a specified period of time (generally between 30 and 90 days), with borrowers who have applied for a loan and have met certain credit and underwriting criteria. The IRLCs are adjusted for estimated costs to Best efforts and mandatory forward loan sale commitments are commitments to sell individual mortgage loans using both best efforts and mandatory delivery at a fixed price to an investor at a future date. Forward loan sale commitments that are mandatory delivery are accounted for as derivatives and carried at fair value, determined as the amount that would be necessary to settle the derivative financial instrument at the balance sheet date. Forward loan sale commitments that are best efforts are not derivatives but can be and have been accounted for at fair value, determined in a similar manner to those that are mandatory delivery. Forward loan sale commitments are recorded on the balance sheet as derivative assets and derivative liabilities with changes in their fair values recorded in mortgage banking income in the statement of operations. The key unobservable inputs used in determining the fair value of IRLCs are as follows for the year ended December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ 2023 Inputs Average pullthrough rates ​ 77.20 % Average costs to originate ​ 1.36 % ​ ​ ​ ​ ​ ​ 2022 Inputs Average pullthrough rates ​ 80.78 % Average costs to originate ​ 4.77 % ​ The following summarizes derivative and non-derivative financial instruments as of December 31, 2023 and 2022 ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Fair ​ Notional Derivative financial instruments: ​ Value ​ Amount Derivative assets (1) ​ $ 611 ​ $ 23,077 Derivative liabilities ​ $ 200 ​ $ 62,250 (1) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Fair ​ Notional Non-derivative financial instruments: ​ Value ​ Amount Best efforts assets ​ $ 91 ​ $ 4,677 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair ​ Notional Derivative financial instruments: ​ Value ​ Amount Derivative assets (1) ​ $ 921 ​ $ 25,368 Derivative liabilities ​ $ 98 ​ $ 25,028 (1) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair ​ Notional Non-derivative financial instruments: ​ Value ​ Amount Best efforts assets ​ $ 18 ​ $ 2,658 ​ The notional amounts of mortgage loans held for sale not committed to investors was $46.2 million and $20.0 million as of December 31, 2023 and 2022, respectively. ​ The Company has exposure to credit loss in the event of contractual non-performance by its trading counterparties in derivative instruments that the Company uses in its rate risk management activities. The Company manages this credit risk by selecting only counterparties that the Company believes to be financially strong, spreading the risk among multiple counterparties, by placing contractual limits on the amount of unsecured credit extended to any single counterparty and by entering into netting agreements with counterparties, as appropriate.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2023
FAIR VALUE
FAIR VALUE	6. FAIR VALUE ASC 820 establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability The following is a description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy: Assets and Liabilities Measured on a Recurring Basis: Investment Securities Available-for-sale Where quoted prices are available in an active market, investment securities are classified within Level 1 of the valuation hierarchy. Level 1 investment securities include highly liquid government bonds and mortgage products. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of investment securities with similar characteristics or discounted cash flow. Level 2 investment securities include U.S. agency securities, mortgage-backed securities, obligations of states and political subdivisions and certain corporate, collateralized loan obligations and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, investment securities are classified within Level 3 of the valuation hierarchy. Currently, all of Primis’ available-for-sale debt investment securities are considered to be Level 2 investment securities. Loans Held for Investment and Interest Rate Swaps The Company entered into interest rate swaps on a portion of its loans held for investment portfolio that are accounted for at fair value on a recurring basis. The swaps are valued using significant other observable inputs including prices observed for similar exchange traded instruments and are therefore classified in Level 2. The related loans held for investment are measured using remaining designated cash flows of the hedged item based on the inception benchmark rate component of the contractual coupon cash flows, discounted at the benchmark interest rate being hedged are therefore classified in Level 2. Loans Held for Sale The fair value of PMC loans held for sale is determined by obtaining prices at which they could be sold in the principal market at the measurement date and are classified within Level 2 of the fair value hierarchy. The fair value is determined on a recurring basis by utilizing quoted prices from dealers in such securities. ​ Consumer Program Derivative The Company calculates the fair value of this derivative using a discounted cash flow model using inputs that are inherently judgmental and reflect management’s best estimates of the assumptions a market participant would use to calculate the fair value. Key inputs utilized in valuing the derivative are discount rates, counterparty credit risk, credit loss rates, and prepayment rates. Discount rates considered observable benchmark interest rates and counterparty credit risk was based on the Company’s evaluation of the counterparty’s financial condition in audited and unaudited financial results provided. The credit loss and prepayment rates are informed by specific experience on the Company’s portfolio of the third-party originated consumer loans that the derivative relates to and are considered significant unobservable inputs. As a result of the use of the significant unobservable inputs the Consumer Program derivative is classified within Level 3 of the valuation hierarchy. Mortgage Banking Derivative and Financial Assets and Liabilities IRLC: Best Efforts Forward Loan Sales Commitments: are valued using the committed price to the counterparty against the current market price of the interest rate lock commitment or mortgage loan held for sale. Mandatory Forward Loan Sales Commitments: To-Be-Announced Mortgage-Backed Securities Trades: ​ Assets and liabilities measured at fair value on a recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 96,808 ​ $ — ​ $ 96,808 ​ $ — Obligations of states and political subdivisions ​ 30,080 ​ — ​ 30,080 ​ — Corporate securities ​ 14,048 ​ — ​ 14,048 ​ — Collateralized loan obligations ​ 4,982 ​ — ​ 4,982 ​ — Residential government-sponsored collateralized mortgage obligations ​ 34,471 ​ — ​ 34,471 ​ — Government-sponsored agency securities ​ 13,711 ​ — ​ 13,711 ​ — Agency commercial mortgage-backed securities ​ 30,110 ​ — ​ 30,110 ​ — SBA pool securities ​ 4,210 ​ — ​ 4,210 ​ — ​ ​ 228,420 ​ — ​ 228,420 ​ — Loans held for investment ​ ​ 248,906 ​ ​ — ​ ​ 248,906 ​ ​ — Loans held for sale ​ ​ 57,691 ​ — ​ 57,691 ​ — Consumer Program derivative ​ ​ 10,806 ​ ​ — ​ ​ — ​ ​ 10,806 Mortgage banking financial assets ​ ​ 91 ​ — ​ — ​ 91 Mortgage banking derivative assets ​ ​ 611 ​ — ​ — ​ ​ 611 Interest rate swaps ​ ​ 1,068 ​ ​ — ​ ​ 1,068 ​ ​ — Total assets ​ $ 547,593 ​ $ — ​ $ 536,085 ​ $ 11,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage banking derivative liabilities ​ $ 200 ​ ​ — ​ $ — ​ $ 200 Total liabilities ​ $ 200 ​ $ — ​ $ — ​ $ 200 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2022 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 102,881 ​ $ — ​ $ 102,881 ​ $ — Obligations of states and political subdivisions ​ 29,178 ​ — ​ 29,178 ​ — Corporate securities ​ 14,828 ​ — ​ 14,828 ​ — Collateralized loan obligations ​ 4,876 ​ — ​ 4,876 ​ — Residential government-sponsored collateralized mortgage obligations ​ 26,595 ​ — ​ 26,595 ​ — Government-sponsored agency securities ​ 14,616 ​ — ​ 14,616 ​ — Agency commercial mortgage-backed securities ​ 37,417 ​ — ​ 37,417 ​ — SBA pool securities ​ 5,924 ​ — ​ 5,924 ​ — ​ ​ ​ 236,315 ​ — ​ 236,315 ​ — Loans held for sale ​ ​ 27,626 ​ — ​ 27,626 ​ — Mortgage banking financial assets ​ ​ 21 ​ — ​ — ​ 21 Mortgage banking derivative assets ​ ​ 945 ​ — ​ 921 ​ 24 Total assets ​ $ 264,907 ​ $ — ​ $ 264,862 ​ $ 45 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer Program derivative ​ $ 473 ​ $ — ​ $ — ​ $ 473 Mortgage banking financial liabilities ​ ​ 4 ​ ​ — ​ ​ — ​ ​ 4 Mortgage banking derivative liabilities ​ ​ 122 ​ ​ — ​ ​ 115 ​ ​ 7 Total liabilities ​ $ 599 ​ $ — ​ $ 115 ​ $ 484 ​ Assets and Liabilities Measured on a Non-recurring Basis: Loans We may be required to measure certain financial assets at fair value on a nonrecurring basis. These adjustments to fair value usually result from the application of lower of amortized cost or fair value accounting or write-downs of individual assets due to impairment. ​ Collateral-dependent loans are measured at fair value on a non-recurring basis and are evaluated individually. These collateral-dependent loans are deemed to be at fair value if there is an associated allowance for credit losses or if a charge-off has been recorded in the previous 12 months. Collateral values are determined using appraisals or other third-party value estimates of the subject property discounted based on estimated selling costs, generally between 5% and 10%, and immaterial adjustments for other external factors that may impact the marketability of the collateral. The weighted average discount for estimated selling costs applied was 6%. Assets Held for Sale Assets held for sale are valued based on third-party appraisals less estimated disposal costs. Primis considers third party appraisals, as well as independent fair value assessments from realtors or persons involved in selling bank premises, furniture and equipment, in determining the fair value of particular properties. Accordingly, the valuation of assets held for sale is subject to significant external and internal judgment. Primis periodically reviews premises, furniture and equipment held for sale to determine if the fair value of the property, less disposal costs, has declined below its recorded book value and records any adjustments accordingly. Assets measured at fair value on a non-recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Collateral dependent loans ​ $ 15,577 ​ $ — ​ $ — $ 15,577 Assets held for sale ​ ​ 6,735 ​ ​ — ​ ​ — ​ ​ 6,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2022 (Level 1) (Level 2) (Level 3) Collateral dependent loans ​ $ 47,832 ​ $ — ​ $ — $ 47,832 Assets held for sale ​ ​ 3,115 ​ ​ — ​ ​ — ​ ​ 3,115 ​ Fair Value of Financial Instruments The carrying amount, estimated fair values and fair value hierarchy levels (previously defined) of financial instruments were as follows (in thousands) for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Fair Value Carrying Fair Carrying Fair ​ ​ Hierarchy Level ​ Amount ​ Value ​ Amount ​ Value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 77,553 ​ $ 77,553 ​ $ 77,859 ​ $ 77,859 Securities available-for-sale Level 2 ​ 228,420 ​ 228,420 ​ 236,315 ​ 236,315 Securities held-to-maturity Level 2 ​ 11,650 ​ 10,839 ​ 13,520 ​ 12,449 Stock in Federal Reserve Bank and Federal Home Loan Bank Level 2 ​ 14,246 ​ 14,246 ​ 25,815 ​ 25,815 Preferred investment in mortgage company Level 2 ​ 3,005 ​ ​ 3,005 ​ 3,005 ​ ​ 3,005 Net loans Level 2 and 3 ​ 3,167,205 ​ 3,068,663 ​ 2,912,093 ​ 2,809,163 Loans held for sale Level 2 ​ 57,691 ​ ​ 57,691 ​ 27,626 ​ ​ 27,626 Consumer Program derivative ​ Level 3 ​ ​ 10,806 ​ ​ 10,806 ​ ​ — ​ ​ — Mortgage banking financial assets ​ Level 3 ​ ​ 91 ​ ​ 91 ​ ​ 21 ​ ​ 21 Mortgage banking derivative assets Level 2 and 3 ​ 611 ​ 611 ​ 945 ​ 945 Interest rate swaps ​ Level 2 ​ ​ 1,068 ​ ​ 1,068 ​ ​ — ​ ​ — Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Demand deposits and NOW accounts Level 2 ​ $ 1,245,969 ​ $ 1,245,969 ​ $ 1,200,259 ​ $ 1,200,259 Money market and savings accounts Level 2 ​ 1,578,288 ​ 1,578,288 ​ 1,057,151 ​ 1,057,151 Time deposits Level 3 ​ 445,898 ​ 443,765 ​ 465,057 ​ 462,376 Securities sold under agreements to repurchase Level 1 ​ 3,044 ​ 3,044 ​ 6,445 ​ 6,445 FHLB advances Level 1 ​ 30,000 ​ 30,000 ​ 325,000 ​ 325,000 Junior subordinated debt Level 2 ​ 9,830 ​ 9,039 ​ 9,781 ​ 9,181 Senior subordinated notes Level 2 ​ 85,765 ​ 84,513 ​ 85,531 ​ 84,347 Secured borrowings ​ Level 3 ​ ​ 20,393 ​ ​ 20,393 ​ ​ — ​ ​ — Consumer Program derivative ​ Level 3 ​ ​ — ​ ​ — ​ ​ 473 ​ ​ 473 Mortgage banking financial liabilities ​ Level 3 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 4 Mortgage banking derivative liabilities Level 2 and 3 ​ 200 ​ 200 ​ 122 ​ 122 ​ Carrying amount is the estimated fair value for cash and cash equivalents, loans held for sale, mortgage banking financial assets and liabilities, mortgage banking derivative assets and liabilities, Consumer Program derivative asset and liability, interest rate swaps, demand deposits, savings accounts, money market accounts, FHLB advances, secured borrowings and securities sold under agreements to repurchase.

BANK PREMISES AND EQUIPMENT

BANK PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
BANK PREMISES AND EQUIPMENT
BANK PREMISES AND EQUIPMENT	7. BANK PREMISES AND EQUIPMENT Bank premises and equipment as of December 31, 2023 and 2022 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 Land ​ $ 4,867 ​ $ 7,112 Land improvements ​ 1,502 ​ 1,558 Building and improvements ​ 18,131 ​ 20,475 Leasehold improvements ​ 3,885 ​ 3,033 Furniture, fixtures, equipment and software ​ 9,730 ​ 11,341 Construction in progress ​ 30 ​ 139 ​ ​ 38,145 ​ 43,658 Less accumulated depreciation and amortization ​ 17,534 ​ 18,401 Bank premises and equipment, net ​ $ 20,611 ​ $ 25,257 ​ Depreciation and amortization expense related to bank premises and equipment for 2023, 2022 and 2021 was $2.4 million, $2.5 million and $2.4 million, respectively.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
LEASES
LEASES	​ 8. LEASES The Company leases certain premises under operating leases. In recognizing lease right-of-use assets and related liabilities, we account for lease and non-lease components (such as taxes, insurance, and common area maintenance costs) separately as such amounts are generally readily determinable under our lease contracts. At December 31, 2023 and 2022, the Company had operating lease liabilities totaling $11.7 million and $5.8 million, respectively, and right-of-use assets totaling $10.6 million and $5.3 million, respectively, related to these leases. We do not currently have any financing leases. For the year ended December 31, 2023 and 2022, our net operating lease costs were $2.5 million and $2.3 million, respectively. These net operating lease costs are reflected in occupancy expenses on our consolidated statements of income and comprehensive income (loss). The following table presents other information related to our operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended ​ ​ ​ December 31, 2023 ​ ​ December 31, 2022 ​ Other information: ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term - operating leases, in years ​ ​ 7.2 ​ ​ ​ 4.9 ​ Weighted-average discount rate - operating leases ​ 3.9 % ​ 2.9 % ​ ​ The following table summarizes the maturity of remaining lease liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of (dollars in thousands) ​ December 31, 2023 Lease payments due: ​ ​ ​ 2024 ​ $ 1,907 2025 ​ ​ 1,958 2026 ​ ​ 1,925 2027 ​ ​ 1,911 2028 ​ ​ 1,839 Thereafter ​ 4,054 Total lease payments ​ ​ 13,594 Less: imputed interest ​ ​ (1,908) Lease liabilities ​ $ 11,686 ​ As of December 31, 2023, the Company did not have any operating leases that had not yet commenced that would create additional lease liabilities and right-of-use assets for the Company. The amount of expense recognized for the year ended December 31, 2023 related to short-term leases was $0.6 million.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2023
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS	9. GOODWILL AND INTANGIBLE ASSETS Goodwill Primis has $93.5 million and $104.6 million of goodwill at December 31, 2023 and 2022, respectively. Goodwill is primarily related to the acquisition of other banks before 2022 and PMC in 2022. Goodwill is evaluated for impairment on an annual basis or more frequently if events or circumstances warrant. Our annual assessment occurs as of September 30th every year. For our annual 2023 assessment, as described in Note 1, we performed a step one quantitative assessment to determine if the fair value of our reporting units were less than their carrying amounts. The Company determined, based on the assessments, that the PMC reporting unit fair value was more than the carrying amount and the Bank reporting unit fair value was less than its carrying amount. The Company recorded an impairment of $11.15 million in the December 31, 2023 income statement related to the Bank reporting unit. No impairment was indicated in 2022 or 2021 for any of the Company’s reporting units based on the annual impairment assessments in prior years. Intangible Assets Intangible assets were as follows at year end (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Gross Carrying Accumulated Net Carrying ​ ​ Value ​ Amortization ​ Value Amortizable intangibles ​ $ 17,620 ​ $ (15,662) ​ $ 1,958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Gross Carrying Accumulated Net Carrying ​ ​ Value ​ Amortization ​ Value Amortizable intangibles ​ $ 17,620 ​ $ (14,366) ​ $ 3,254 ​ ​ Estimated amortization expense of intangibles for the years ended December 31 were as follows (in thousands): ​ ​ ​ ​ 2024 $ 1,292 2025 ​ 629 2026 ​ 27 2027 ​ 10 Total ​ $ 1,958 ​

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2023
DEPOSITS
DEPOSITS	10. DEPOSITS At December 31, 2023, the scheduled maturities of time deposits are as follows (in thousands): ​ ​ ​ ​ 2024 $ 397,515 2025 ​ 36,867 2026 ​ 4,437 2027 ​ 4,797 2028 ​ 2,282 Total ​ $ 445,898 ​ The aggregate amount of time deposits in denominations of $250 thousand or more at December 31, 2023 and 2022 was $123.7 million and $125.3 million, respectively. The following table sets forth the maturities of certificates of deposit of $250 thousand and over as of December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 3 to 6 6 to 12 Over 12 ​ 3 Months ​ Months ​ Months ​ Months ​ Total $ 38,098 ​ $ 40,423 ​ $ 37,719 ​ $ 7,464 ​ $ 123,704 ​

SECURITIES SOLD UNDER AGREEMENT

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS	12 Months Ended
	Dec. 31, 2023
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS	11. SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS Other borrowings can consist of FHLB convertible advances, FHLB of Atlanta overnight advances, FHLB advances maturing within one year, federal funds purchased, Federal Reserve Board Discount Window, secured borrowings and securities sold under agreements to repurchase (“repo”) that mature within one year, which are secured transactions with customers. The balance in repo accounts at December 31, 2023 and 2022 was $3.0 million and $6.5 million, respectively. At December 31, 2023 and 2022, we had pledged callable agency securities, residential government-sponsored mortgage-backed securities and collateralized mortgage obligations with a carrying value of $6.8 million and $14.2 million, respectively, to customers who require collateral for overnight repurchase agreements and deposits. Other borrowings consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ FHLB collateral advances maturing 10/15/2024 $ 30,000 $ — ​ Short-term FHLB advances maturing 1/3/2023 ​ ​ — ​ ​ 50,000 ​ Short-term FHLB advances maturing 1/13/2023 ​ ​ — ​ ​ 100,000 ​ Short-term FHLB advances maturing 1/23/2023 ​ ​ — ​ ​ 50,000 ​ Short-term FHLB advances maturing 1/27/2023 ​ ​ — ​ ​ 125,000 ​ Total FHLB advances ​ ​ 30,000 ​ ​ 325,000 ​ Securities sold under agreements to repurchase 3,044 6,445 ​ Total $ 33,044 $ 331,445 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average interest rate at year end ​ 5.57 % ​ 4.19 % ​ We repaid our short-term FHLB advances of Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed rate advances paid off earlier than maturity. Residential 1-4 family mortgage loans in the amount of approximately ​ In June 2023, the Bank took the necessary steps to participate in the Federal Reserve discount window borrowing program. As of December 31, 2023, the Bank had borrowing capacity of $596.4 million within the program and has not borrowed under the program during the year. In March 2023, the Federal Reserve established the Bank Term Funding Program (“BTFP”) in response to industry disruption, offering loans with up to one year in maturity to eligible depository institutions in exchange for pledged collateral in the form of U.S. Treasuries, agency debt and mortgage-backed securities and other qualifying assets. Borrowing capacity under the BTFP is based on the par value, not fair value, of the collateral. As of December 31, 2023, we had securities available of Secured Borrowings ​ The Company transferred $23.4 million in principal balance of loans to another financial institution in 2023 that were accounted for as secured borrowings. The balance of secured borrowings was $20.4 million as of December 31, 2023 and the remaining amortized cost balance of the underlying loans was $20.5 million. None of the loans underlying the secured borrowings were past due 30 days or greater or on nonaccrual as of December 31, 2023 and were all internally rated as “pass” loans as presented in our “credit quality indicators” section of “Note 4 – Loans and Allowance for Credit Losses”. The loans were included in our allowance for credit losses process and an allowance was calculated on the loans as part of their inclusion in a pool with other loans with similar credit risk characteristics. There were no charge-offs of the loans underlying the secured borrowings during the year ended December 31, 2023. The underlying loans collateralize the borrowings and cannot be sold or pledged by the Company. ​ ​

JUNIOR SUBORDINATED DEBT AND SE

JUNIOR SUBORDINATED DEBT AND SENIOR SUBORDINATED NOTES	12 Months Ended
	Dec. 31, 2023
JUNIOR SUBORDINATED DEBT AND SENIOR SUBORDINATED NOTES
JUNIOR SUBORDINATED DEBT AND SENIOR SUBORDINATED NOTES	12. JUNIOR SUBORDINATED DEBT AND SENIOR SUBORDINATED NOTES In 2017, the Company assumed $10.3 million of trust preferred securities that were issued on September 17, 2003 and placed through a trust in a pooled underwriting totaling approximately $650 million. At December 31, 2023 and 2022, there was $10.3 million outstanding, net of approximately $0.5 million and $0.6 million, respectively, of debt issuance costs. As of December 31, 2023 and 2022, the interest rate payable on the trust preferred securities was 8.59% and 7.69%, respectively. As of December 31, 2023, all of the trust preferred securities qualified as Tier 1 capital. ​ On January 20, 2017, Primis completed the sale of $27.0 million of its fixed-to-floating rate senior Subordinated Notes due 2027. Interest is currently payable at an annual floating rate equal to three-month CME Term SOFR plus a tenor spread adjustment of 0.26% until maturity or early redemption. As of December 31, 2023, 60% of these notes qualified as Tier 2 capital. On August 25, 2020, Primis completed the sale of $60.0 million of its fixed-to-floating rate Subordinated Notes due 2030. Interest is payable at an initial annual fixed rate of 5.40% and after September 1, 2025, at a floating rate equal to a benchmark rate, which is expected to be Three-Month Term SOFR, plus a spread of 531 basis points. As of December 31, 2023, all ​

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
INCOME TAXES
INCOME TAXES	13. INCOME TAXES Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting and income tax purposes. Net deferred tax assets at December 31, 2023 and 2022 consist primarily of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred tax assets: ​ ​ Allowance for credit losses ​ $ 12,179 ​ $ 8,370 Unearned loan fees and other ​ 3,054 ​ 2,161 Other real estate owned write-downs ​ — ​ 38 Lease liability ​ ​ 2,635 ​ ​ 1,246 Net unrealized loss on investment securities available for sale ​ 6,161 ​ 6,920 Federal low income housing credit carryforward ​ 492 ​ 485 Deferred compensation ​ 1,564 ​ 1,596 Capitalized research and experimental expenditures ​ ​ 1,790 ​ ​ — Net operating loss ​ ​ 796 ​ ​ ​ Other ​ 2,122 ​ 2,089 Valuation allowance ​ (704) ​ — Total deferred tax assets, net of valuation allowance ​ 30,089 ​ 22,905 Deferred tax liabilities: ​ ​ Right-of-use assets ​ ​ 2,449 ​ ​ 1,200 Purchase accounting ​ ​ 974 ​ ​ 917 Depreciation ​ ​ 767 ​ ​ 748 Derivative asset ​ ​ 2,424 ​ ​ — Other ​ 1,080 ​ 166 Total deferred tax liabilities ​ 7,694 ​ 3,031 Net deferred tax assets ​ $ 22,395 ​ $ 19,874 ​ The Company had a valuation allowance of $0.7 million related to PFH recorded against deferred tax assets as of December 31, 2023. No valuation allowance was deemed necessary on deferred tax assets in 2022. Management believed that the realization of the deferred tax assets was more likely than not based on the expectation that Primis will generate the necessary taxable income in future periods. We have no unrecognized tax benefits and do not anticipate any increase in unrecognized tax benefits during the next twelve months. Should the accrual of any interest or penalties relative to unrecognized tax benefits be necessary, it is our policy to record such accruals in our income tax accounts; no such accruals existed as of December 31, 2023, 2022 or 2021. Primis and its subsidiaries file a consolidated U.S. federal income tax return, and Primis files Virginia and numerous other state income tax returns. Primis Bank files a North Carolina, a Maryland and an Arkansas state income tax return. These returns are subject to examination by taxing authorities for all years after 2019. The provision for income taxes consists of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Current tax expense ​ ​ ​ Federal ​ $ 1,861 ​ $ 5,982 ​ $ 2,466 State ​ 771 ​ 503 ​ 163 Total current tax expense ​ 2,632 ​ 6,485 ​ 2,629 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax expense (benefit) ​ ​ ​ Federal ​ (2,699) ​ (3,234) ​ 5,937 State ​ (1,000) ​ (66) ​ 117 Total deferred tax expense (benefit) ​ (3,699) ​ (3,300) ​ 6,054 Total income tax expense from continuing operations ​ ​ (1,067) ​ ​ 3,185 ​ ​ 8,683 Total income tax expense from discontinued operation ​ ​ — ​ ​ — ​ ​ 64 Total income tax expense ​ $ (1,067) ​ $ 3,185 ​ $ 8,747 ​ The income tax expense differed from the amount of income tax determined by applying the U.S. Federal income tax rate of 21% to pretax income for the years ended December 31, 2023, 2022 and 2021 due to the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Computed expected tax expense at statutory rate ​ $ (2,348) ​ $ 3,640 ​ $ 8,309 Increase (decrease) in tax expense resulting from: ​ ​ ​ ​ ​ ​ Remeasurement of deferred tax assets and liabilities ​ ​ (531) ​ ​ (148) ​ ​ 442 Low income housing tax credits, net of amortization ​ ​ 1 ​ ​ 4 ​ ​ 39 Income from bank-owned life insurance ​ (424) ​ (419) ​ (354) Goodwill impairment ​ ​ 2,342 ​ ​ — ​ ​ — Research and development credit ​ ​ (1,150) ​ ​ — ​ ​ — Valuation allowance ​ ​ 704 ​ ​ — ​ ​ — State taxes, net ​ ​ 503 ​ ​ 158 ​ ​ 242 Other, net ​ (164) ​ (49) ​ 5 Total income tax expense from continuing operations ​ (1,067) ​ 3,185 ​ 8,683 Total income tax expense from discontinued operation ​ — ​ — ​ 64 Total income tax expense ​ $ (1,067) ​ $ 3,185 ​ $ 8,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Dec. 31, 2023
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	14. EMPLOYEE BENEFITS Primis has a 401(k) plan that allows all employees to make pre-tax contributions for retirement. The 401(k) plan provides for discretionary matching contributions by Primis. The expense for 2023, 2022 and 2021 was $1.4 million, $1.3 million and $1.0 million, respectively. The Bank previously maintained a deferred compensation plan in the form of Supplemental Executive Retirement Plan (“SERP”) for four (4) former executives. Under the plan, the Bank pays each participant, or their beneficiary, compensation deferred plus accrued interest for a period of 15 to 17 years after their retirement or age 62 depending on the terms and conditions of each plan. A liability is accrued for the obligations under these plans.

STOCK- BASED COMPENSATION

STOCK- BASED COMPENSATION	12 Months Ended
	Dec. 31, 2023
STOCK-BASED COMPENSATION
STOCK-BASED COMPENSATION	15. STOCK-BASED COMPENSATION The 2017 Equity Compensation Plan (the “2017 Plan”) has a maximum number of 750,000 shares reserved for issuance. The purpose of the 2017 Plan is to promote the success of the Company by providing greater incentives to employees, non-employee directors, consultants and advisors to associate their personal financial interests with the long-term financial success of the Company, including its subsidiaries, and with growth in stockholder value, consistent with the Company’s risk management practices. A summary of stock option activity for 2023 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ Average ​ Aggregate ​ ​ ​ ​ Average ​ Remaining ​ Intrinsic ​ ​ ​ ​ Exercise ​ Contractual ​ Value ​ ​ Shares ​ Price ​ Term ​ (in thousands) Options outstanding, beginning of period 203,300 ​ $ 11.41 1.3 ​ $ 102 Forfeited (4,000) ​ ​ 11.41 ​ Expired ​ (131,000) ​ ​ 11.42 ​ ​ ​ ​ ​ Exercised (13,500) ​ ​ 10.90 ​ ​ ​ ​ ​ Options outstanding, end of period 54,800 ​ $ 11.49 ​ 1.7 ​ ​ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 54,800 ​ $ 11.49 ​ 1.7 ​ $ 64 ​ There were no stock-based compensation expense associated with stock options for the years ended December 31, 2023, 2022 and 2021. As of December 31, 2023, we do not have any unrecognized compensation expense associated with the stock options. A summary of time vested restricted stock awards for 2023 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ Average ​ Average ​ ​ ​ ​ ​ Grant-Date ​ Remaining ​ ​ ​ ​ ​ Fair Value ​ Contractual ​ ​ ​ Shares ​ Per Share ​ Term ​ Unvested restricted stock outstanding, beginning of period 68,700 ​ $ 14.24 ​ 2.4 Granted 13,000 ​ ​ 8.83 Vested (29,008) ​ ​ 13.71 Forfeited (12,392) ​ ​ 11.56 ​ Unvested restricted stock outstanding, end of period 40,300 ​ $ 13.59 ​ 2.3 ​ ​ ​ A summary of performance-based restricted stock units (the “Units”) for 2023 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ ​ ​ ​ ​ Grant-Date ​ Remaining ​ ​ ​ ​ ​ Fair Value ​ Contractual ​ ​ Shares ​ ​ Per Share ​ Term Unvested Units outstanding, beginning of period 153,960 ​ $ 13.02 3.6 Granted 110,000 ​ ​ 10.20 Forfeited (19,250) ​ ​ 12.86 ​ Unvested Units outstanding, end of period 244,710 ​ ​ 11.77 ​ 3.1 ​ These Units are subject to service and performance conditions. These Units vest based on the achievement of both conditions. Achievement of the performance condition will be determined at the end of the five-year performance period (the “Performance Period”) by evaluating the: 1) Company’s adjusted earnings per share compound annual growth measured for the Performance Period and 2) performance factor achieved. Payouts between performance levels will be determined based on straight line interpolation. The Company recognized $0.3 million of stock-based compensation expense during the year ended December 31, 2023 as a result of the probability of a portion of the Units vesting. During December 31, 2022 and 2021 the Company did not recognize any stock-based compensation expense associated with these Units because it was not probable that the Units will vest. The grant date fair value of these Units was $10.20 and $11.83 per Unit for the years ended December 31, 2023 and 2022, respectively. The potential unrecognized compensation expense associated with these Units was $4.4 million and $3.0 million, at December 31, 2023 and 2022, respectively.

FINANCIAL INSTRUMENT WITH OFF-B

FINANCIAL INSTRUMENT WITH OFF-BALANCE SHEET RISK	12 Months Ended
	Dec. 31, 2023
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	16. FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK Financial Instruments With Off-Balance Sheet Risk Primis is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby letters of credit and guarantees of credit card accounts. These instruments involve elements of credit and funding risk in excess of the amount recognized in the consolidated balance sheets. Letters of credit are written conditional commitments issued by Primis 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. We had letters of credit outstanding totaling $9.6 million and $10.7 million as of December 31, 2023 and 2022, respectively. Our exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and letters of credit is based on the contractual amount of these instruments. We use the same credit policies in making commitments and conditional obligations as we do for on-balance sheet instruments. Unless noted otherwise, we do not require collateral or other security to support financial instruments with credit risk. Allowance For Credit Losses - Off-Balance Sheet Credit Exposures The allowance for credit losses on off-balance sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. Off-balance sheet credit exposures primarily consist of amounts available under outstanding lines of credit and letters of credit detailed above. For the period of exposure, the estimate of expected credit losses considers both the likelihood that funding will occur and the amount expected to be funded over the estimated remaining life of the commitment or other off-balance sheet exposure. The likelihood and expected amount of funding are based on historical utilization rates. The amount of the allowance represents management's best estimate of expected credit losses on commitments expected to be funded over the contractual life of the commitment. Estimating credit losses on amounts expected to be funded uses the same methodology as described for loans in Note 4 - Loans and Allowance for Credit Losses, as if such commitments were funded. The allowance for credit losses on off-balance sheet credit exposures is reflected in other liabilities in our consolidated balance sheets. The following table details activity in the allowance for credit losses on off-balance sheet credit exposures: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Balance as of January 1 ​ $ 1,416 ​ $ 977 Credit loss expense ​ 163 ​ 439 Balance as of December 31 ​ $ 1,579 ​ $ 1,416 ​ Commitments 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 are made predominately for adjustable rate loans, and generally have fixed expiration dates of up to three months or other termination clauses and usually require payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. We evaluate each customer’s creditworthiness on a case-by-case basis. We had $76.3 million of mortgage loan commitments outstanding as of December 31, 2023, all of which contractually expire within thirty years. At December 31, 2023 and 2022, we had unfunded lines of credit and undisbursed construction loan funds totaling $473.1 million and $540.6 million, respectively, not all of which will ultimately be drawn. Virtually all of our unfunded lines of credit and undisbursed construction loan funds are variable rate. Primis also had commitments on subscription agreements entered into for investments in non-marketable equity securities of $1.6 million and $3.2 million, at December 31, 2023 and 2022, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2023
EARNINGS PER SHARE
EARNINGS PER SHARE	17. EARNINGS PER SHARE The following is a reconciliation of the denominators of the basic and diluted EPS computations for 2023, 2022 and 2021 (amounts in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ Income ​ Shares ​ Per Share ​ ​ (Numerator) ​ (Denominator) ​ Amount ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ Basic EPS ​ $ (7,832) 24,639 ​ $ (0.32) Effect of dilutive stock options and unvested restricted stock ​ — — ​ — Diluted EPS ​ $ (7,832) 24,639 ​ $ (0.32) ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2022 ​ ​ Basic EPS ​ $ 14,148 24,561 ​ $ 0.58 Effect of dilutive stock options and unvested restricted stock ​ — 108 ​ (0.01) Diluted EPS ​ $ 14,148 24,669 ​ $ 0.57 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2021 ​ ​ Basic EPS from continuing operations ​ $ 30,883 24,438 ​ $ 1.26 Effect of dilutive stock options and unvested restricted stock ​ — 163 ​ — Diluted EPS from continuing operations ​ $ 30,883 24,601 ​ $ 1.26 ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic EPS from discontinued operation ​ $ 230 24,438 ​ $ 0.01 Effect of dilutive stock options and unvested restricted stock ​ — 163 ​ — Diluted EPS from discontinued operation ​ $ 230 24,601 ​ $ 0.01 ​ The Company had 54,800 anti-dilutive options as of December 31, 2023 and did not have any anti-dilutive options as of December 31, 2022 and 2021.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2023
REGULATORY MATTERS
REGULATORY MATTERS	​ 18. REGULATORY MATTERS Primis Financial Corp. and its subsidiary bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory - and possibly additional discretionary - actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action (“PCA”), we must meet specific capital guidelines that involve quantitative measures of our assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. At December 31, 2023 and 2022, the most recent regulatory notifications categorized the Bank as well capitalized under regulatory framework for PCA. Quantitative measures established by regulation to ensure capital adequacy require Primis to maintain minimum amounts and ratios of Total and Tier I capital (as defined in the regulations) to average assets (as defined). Management believes, as of December 31, 2023, that Primis meets all capital adequacy requirements to which it is subject. The following table provides a comparison of the leverage and risk-weighted capital ratios of Primis Financial Corp. and Primis Bank at the periods indicated to the minimum and well-capitalized required regulatory standards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Required ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ To Be Categorized as ​ ​ ​ Actual ​ Adequacy Purposes ​ Well Capitalized (1) ​ ​ Amount Ratio Amount Ratio Amount Ratio ​ December 31, 2023 ​ ​ ​ ​ Primis Financial Corp. ​ ​ ​ ​ Leverage ratio ​ $ 312,521 8.37 % $ 149,300 4.00 % ​ n/a n/a ​ Common equity tier 1 capital ratio ​ ​ 302,521 8.96 % ​ 152,011 4.50 % ​ n/a n/a ​ Tier 1 risk-based capital ratio ​ 312,521 9.25 % 202,681 6.00 % ​ n/a n/a ​ Total risk-based capital ratio ​ 453,931 13.44 % 270,242 8.00 % ​ n/a n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 364,874 9.80 % $ 148,989 4.00 % $ 186,236 ​ 5.00 % Common equity tier 1 capital ratio ​ ​ 364,874 ​ 10.88 % ​ 150,980 4.50 % ​ 218,082 ​ 6.50 % Tier 1 risk-based capital ratio ​ 364,874 10.88 % 201,306 6.00 % 268,408 ​ 8.00 % Total risk-based capital ratio ​ 406,663 12.12 % 268,408 8.00 % 335,510 ​ 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Financial Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 316,956 ​ 9.52 % $ 133,154 4.00 % ​ n/a n/a ​ Common equity tier 1 capital ratio ​ ​ 306,956 ​ 10.07 % ​ 137,135 4.50 % ​ n/a n/a ​ Tier 1 risk-based capital ratio ​ 316,956 ​ 10.40 % 182,847 6.00 % ​ n/a n/a ​ Total risk-based capital ratio ​ 436,649 ​ 14.33 % 243,796 8.00 % ​ n/a n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 373,225 11.24 % $ 132,850 4.00 % $ 166,063 ​ 5.00 % Common equity tier 1 capital ratio ​ ​ 373,225 ​ 12.40 % ​ 135,487 4.50 % ​ 195,703 ​ 6.50 % Tier 1 risk-based capital ratio ​ 373,225 12.40 % 180,649 6.00 % 240,865 ​ 8.00 % Total risk-based capital ratio ​ 409,185 13.59 % 240,865 8.00 % 301,081 ​ 10.00 % ​ ​ ​ ​ ​ ​ ​ (1) Prompt corrective action provisions are not applicable at the bank holding company level. Primis Financial Corp. and Primis Bank are required to meet minimum capital requirements set forth by regulatory authorities. Bank regulatory agencies have approved regulatory capital guidelines (“Basel III”) aimed at strengthening existing capital requirements for banking organizations. The Basel III Capital Rules require Primis Financial Corp. and Primis Bank to maintain (i) a minimum ratio of Common Equity Tier 1 capital to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer”, (ii) a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the capital conservation buffer, (iii) a minimum ratio of Total capital to risk-weighted assets of at least 8.0%, plus the capital conservation buffer and (iv) a minimum leverage ratio of 4.0%. Failure to meet minimum capital requirements may result in certain actions by regulators which could have a direct material effect on the consolidated financial statements. ​ Primis Financial Corp. and Primis Bank remain well-capitalized under Basel III capital requirements. Primis Bank had a capital conservation buffer of 4.12 % at December 31, 2023, which exceeded the 2.50% minimum requirement below which the regulators may impose limits on distributions. ​

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
SEGMENT INFORMATION
SEGMENT INFORMATION	19. SEGMENT INFORMATION The Company's management reporting process measures the performance of its operating segments based on internal operating structure, which is subject to change from time to time. As of December 31, 2023, the Company operates two reportable segments for management reporting purposes as discussed below: Primis Bank. Primis Mortgage. Prior to the Primis Mortgage acquisition in 2022, we operated as one reportable segment. The following table provides financial information for the Company's reportable segments. The information provided under the caption “Primis Bank” includes operations not considered to be reportable segments and/or general operating expenses of the Company, and includes the parent company and elimination adjustments to reconcile the results of the operating segment to the consolidated financial statements prepared in conformity with GAAP. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended December 31, 2023 ​ Primis Mortgage Primis Bank Consolidated Company ($ in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 2,813 ​ $ 189,805 ​ $ 192,618 Interest expense ​ — ​ 93,907 ​ 93,907 Net interest income ​ 2,813 ​ 95,898 ​ 98,711 Provision for credit losses ​ — ​ 32,540 ​ 32,540 Noninterest income ​ 17,674 ​ ​ 27,576 ​ ​ 45,250 Noninterest expense ​ 20,153 ​ ​ 102,447 ​ ​ 122,600 Income before income taxes ​ 334 ​ (11,513) ​ (11,179) Income tax expense (benefit) ​ 3 ​ ​ (1,070) ​ ​ (1,067) Net income (loss) ​ $ 331 ​ $ (10,443) ​ $ (10,112) Total assets ​ $ 66,282 ​ $ 3,790,264 ​ $ 3,856,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended December 31, 2022 ​ Primis Mortgage Primis Bank Consolidated Company ($ in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 705 ​ $ 122,582 ​ $ 123,287 Interest expense ​ 2 ​ 21,585 ​ 21,587 Net interest income ​ 703 ​ 100,997 ​ 101,700 Provision for credit losses ​ — ​ 11,271 ​ 11,271 Noninterest income ​ 5,055 ​ ​ 13,297 ​ ​ 18,352 Noninterest expense ​ 9,361 ​ ​ 82,087 ​ ​ 91,448 Income (loss) before income taxes ​ (3,603) ​ 20,936 ​ 17,333 Income tax expense (benefit) ​ (752) ​ ​ 3,937 ​ ​ 3,185 Net income (loss) ​ $ (2,851) ​ $ 16,999 ​ $ 14,148 Total assets ​ $ 31,398 ​ $ 3,535,266 ​ $ 3,566,664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	​ ​ 20. PARENT COMPANY FINANCIAL INFORMATION Condensed financial information of Primis Financial Corp. follows (in thousands): ​ CONDENSED BALANCE SHEETS DECEMBER 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ASSETS ​ ​ Cash ​ $ 23,627 ​ $ 21,276 Loans held for investment ​ ​ 1,500 ​ ​ 2,000 Investment in subsidiaries ​ 438,883 ​ ​ 455,548 Preferred investment in unaffiliated mortgage company ​ ​ 3,005 ​ ​ 3,005 Investments in non-marketable equity securities ​ ​ 3,855 ​ ​ 2,319 Other assets ​ 3,288 ​ ​ 1,636 Total assets ​ $ 474,158 ​ $ 485,784 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND STOCKHOLDERS' EQUITY ​ ​ Liabilities: ​ ​ Junior subordinated debt ​ $ 9,830 ​ $ 9,781 Senior subordinated notes ​ 85,765 ​ ​ 85,531 Other liabilities ​ 1,871 ​ ​ 1,504 Total liabilities ​ 97,466 ​ 96,816 Stockholders' equity: ​ ​ Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding ​ ​ — ​ ​ — Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,693,172 and 24,680,097 shares issued outstanding ​ 247 ​ ​ 246 Additional paid in capital ​ 313,548 ​ ​ 312,722 Retained earnings ​ 84,675 ​ ​ 101,850 Accumulated other comprehensive loss ​ (21,777) ​ ​ (25,850) Total Primis stockholders' equity ​ 376,693 ​ 388,968 Total liabilities and stockholders' equity ​ $ 474,158 ​ $ 485,784 ​ ​ ​ CONDENSED STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Income: ​ ​ ​ Cash dividends received from bank subsidiary ​ $ 20,000 ​ $ 15,000 ​ $ — Interest income ​ ​ 91 ​ ​ 27 ​ ​ — Gain on debt extinguishment ​ — ​ — ​ 573 Other investment income ​ ​ 150 ​ ​ 150 ​ ​ — Total income ​ 20,241 ​ 15,177 ​ 573 Expenses: ​ ​ ​ Interest on junior subordinated debt ​ 887 ​ 536 ​ 355 Interest on senior subordinated notes ​ 5,992 ​ 5,111 ​ 5,127 Other operating expenses ​ 1,335 ​ 1,227 ​ 1,236 Total expenses ​ 8,214 ​ 6,874 ​ 6,718 Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries ​ 12,027 ​ 8,303 ​ (6,145) Income tax benefit ​ (1,470) ​ (1,408) ​ (1,280) Equity in undistributed net income of subsidiaries ​ ​ (20,797) ​ ​ 4,437 ​ ​ 35,978 Net income (loss) to common stockholders ​ $ (7,300) ​ $ 14,148 ​ $ 31,113 ​ ​ ​ ​ ​ ​ CONDENSED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Operating activities: ​ ​ ​ Net income (loss) ​ $ (7,300) ​ $ 14,148 ​ $ 31,113 Adjustments to reconcile net income to net cash and cash equivalents used in operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed net income of subsidiaries ​ 797 ​ (19,436) ​ (35,978) Loan forgiven ​ ​ 500 ​ ​ — ​ ​ — Gain on debt extinguishment ​ ​ — ​ ​ — ​ ​ (573) Other, net ​ (350) ​ 1,228 ​ 1,426 Net cash and cash equivalents used in operating activities ​ (6,353) ​ (4,060) ​ (4,012) Investing activities: ​ ​ ​ Net increase in loans ​ ​ — ​ ​ (2,000) ​ ​ — Increase in preferred investment in mortgage company ​ — ​ — ​ (3,064) Increase in non-marketable equity securities investments ​ ​ (1,536) ​ ​ (1,889) ​ ​ (430) Dividend from subsidiaries ​ 20,000 ​ 15,000 ​ — Net cash and cash equivalents provided by (used in) investing activities ​ 18,464 ​ 11,111 ​ (3,494) Financing activities: ​ ​ ​ Extinguishment of subordinated debt ​ ​ — ​ ​ — ​ ​ (20,000) Proceeds from exercised stock options ​ 146 ​ 572 ​ 1,526 Repurchase of restricted stock ​ (31) ​ (11) ​ (14) Cash dividends paid on common stock ​ (9,875) ​ (9,853) ​ (9,807) Net cash and cash equivalents provided by (used in) financing activities ​ (9,760) ​ (9,292) ​ (28,295) Net change in cash and cash equivalents ​ 2,351 ​ (2,241) ​ (35,801) Cash and cash equivalents at beginning of period ​ 21,276 ​ 23,517 ​ 59,318 Cash and cash equivalents at end of period ​ $ 23,627 ​ $ 21,276 ​ $ 23,517 ​

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	21. RELATED PARTY TRANSACTIONS During the year, officers, directors, principal shareholders, and their affiliates (related parties) were customers of and had transactions with the Company. Loan activity to related parties is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ 2023 Balance at January 1, ​ ​ $ 27,875 Principal advances ​ ​ 2,197 Principal paid ​ ​ (2,405) Transfers in (out) of related party status ​ ​ (1,057) Balance at December 31, ​ ​ $ 26,610 ​

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2023
VARIABLE INTEREST ENTITIES [Abstract]
VARIABLE INTEREST ENTITIES	22. VARIABLE INTEREST ENTITIES economic performance and the obligation to absorb losses or the right to receive benefits that could be significant to the VIE. Our involvement with VIEs includes our investments in PFH, low income housing tax credit funds, and non-marketable and other equity securities. PFH PFH is a separate legal entity that owns the rights to the Panacea Financial brand and intellectual property with a goal of growing and monetizing those assets. The Panacea Financial Division of the Bank has a partnership agreement with PFH and is the primary bank partner as of December 31, 2023. The substantial activities between PFH and the Panacea Financial Division of the Bank along with limited activities of PFH outside of its relationship with the Company as of December 31, 2023, resulted in the Company concluding that it had a controlling financial interest in PFH and as the primary beneficiary, the Company consolidated PFH as of December 31, 2023. As of December 31, 2023, PFH had approximately $24.0 million of cash and a nominal amount of prepaid insurance assets and $3.1 million of accrued legal and other liabilities that are included in the Company’s consolidated balance sheet. PFH’s cash is on deposit with the bank and it is eliminated in consolidation. PFH’s assets may only be used to settle PFH’s liabilities and PFH’s creditors do not have any recourse to the Company related to PFH’s liabilities. During the year ended December 31, 2023, the Company did not provide any financial or other support to PFH that is was not contractually required to provide. Low Income Housing Tax Credits The general purpose of housing equity funds is to encourage and assist participants in investing in low-income residential rental properties located in the Commonwealth of Virginia, develop and implement strategies to maintain projects as low-income housing, deliver Federal Low Income Housing Credits to investors, allocate tax losses and other possible tax benefits to investors, and to preserve and protect project assets. The Company applies the proportional amortization method to its low income housing tax credits. Non-Marketable and Other equity investments The Company also has a limited interest in several funds that focus on providing venture capital to new and emerging financial technology companies, which are accounted for as VIEs. Investments held by the Company in these third-party funds do not have controlling or significant variable interests. The above investments meet the criteria of a VIE, however, the Company is not the primary beneficiary of the entities, as it does not have the power to direct the activities that most significantly impact the economic performance of the entities and their accounts are not included in our consolidated financial statements. The Company’s investment in the unconsolidated VIEs were carried as other assets on the consolidated balance sheets. The non-marketable and other equity investments were carried at $5.9 million and $4.4 million at December 31, 2023 and 2022, respectively. We also make commitments on the subscription agreements entered into for the investments in non-marketable equity securities. For additional details, see Note 16 – Financial Instruments with Off-Balance Sheet Risks. The Company’s maximum exposure to loss from unconsolidated VIEs is the higher of the investment recorded on the Company’s consolidated balance sheets or the commitment on the investment. As of December 31, 2023 and 2022, the maximum exposure to loss for our unconsolidated VIEs was $10.2 million and $11.0 million, respectively.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net Income (Loss)	$ (7,832)	$ 14,148	$ 31,113

Recovery of Erroneously Awarded

Recovery of Erroneously Awarded Compensation	12 Months Ended
	Dec. 31, 2023
Restatement Determination Date:: 2023-12-31
Erroneously Awarded Compensation Recovery
Restatement does not require Recovery	As described earlier in this Annual Report on Form 10-K/A, the financial statements included in Part II, Item 8. Financial Statements and Supplementary Data, were restated as of and for the year ended December 31, 2022 to correct the accounting for the Consumer Program. The error corrections required a recovery analysis under the Clawback Policy, which was effective from and after October 2, 2023, in accordance with Section 5608 of the Nasdaq Listing Rules. The Clawback Policy is filed with this Annual Report on Form 10-K as Exhibit 97. In accordance with the Nasdaq Listing Rules, the Clawback Policy only applies to incentive compensation received on or after October 2, 2023. Accordingly, any incentive compensation received prior to that date is not subject to recovery under the Clawback Policy. The Compensation Committee concluded that recovery of compensation was not required pursuant to the Clawback Policy because none of the “incentive compensation” covered by the Clawback Policy that otherwise may have been impacted by the restatement has been paid or otherwise settled to the executive officers. As described earlier in this Annual Report on Form 10-K, the Compensation Committee used its discretion to eliminate short-term incentive payments for executive management for 2023. No amounts have been settled or otherwise paid with respect to the 2021 Performance Units, 2022 Performance Units and 2023 Performance Units because their respective performance periods have not yet concluded. Amounts earned, if any, under the 2021 Performance Units, 2022 Performance Units and 2023 Performance Units” will be paid based on appropriately restated metrics following the conclusion of the respective performance periods.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended December 31, 2023, there were no Rule 10b5-1 plans or non-Rule 10b5-1 trading arrangements adopted, modified or terminated by any director or officer of the Company.
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

ORGANIZATION AND SIGNIFICANT _2

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Primis and its subsidiaries Primis Bank, PMC and PFH. Significant inter-company accounts and transactions have been eliminated in consolidation. Primis consolidates subsidiaries in which it holds, directly or indirectly, more than 50 percent of the voting rights or where it exercises control. Entities where Primis holds 20 to 50 percent of the voting rights, or has the ability to exercise significant influence, or both, are accounted for under the equity method. Primis owns EVB Statutory Trust I (the “Trust”) which is an unconsolidated subsidiary and the junior subordinated debt owed to the Trust is reported as a liability of Primis. Primis consolidates PFH, as a result of the determination that it has a controlling financial interest over the entity as further described below. ​ We determine whether we have a controlling financial interest in an entity by first evaluating whether the entity is a voting interest entity or a variable interest entity (“VIE”) under U.S. GAAP. Voting interest entities are entities in which the total equity investment at risk is sufficient to enable the entity to finance itself independently and provides the equity holders with the obligation to absorb losses, the right to receive residual returns and the right to make decisions about the entity’s activities. We consolidate voting interest entities in which we have all, or at least a majority of, the voting interest. As defined in U.S. GAAP, VIEs are entities that lack one or more of the characteristics of a voting interest entity. A controlling financial interest in a VIE is present when an enterprise has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and an obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The enterprise with a controlling financial interest, known as the primary beneficiary, consolidates the VIE. The Company has investments in VIE’s for which we are not the primary beneficiary and, as such, are not included in our consolidated financial statements. The Company also has an investment in a VIE for which we are the primary beneficiary. Pursuant to the Purchase Agreement, the Bank paid an aggregate purchase price of $7.0 million in cash to Seller at closing and assumed $19.3 million of SeaTrust’s indebtedness under certain warehouse lending facilities. On December 21, 2023, PFH completed a $24.5 million Series B financing round led by a global venture capital firm. As part of the financing round, Primis acquired approximately 19% of PFH’s common stock for an immaterial purchase price due to previous operating losses in the Bank’s Panacea Financial Division. The Company performed an analysis and determined that PFH is a VIE because it lacks one or more of the characteristics of a voting interest entity. The Company’s analysis further determined that it has a controlling financial interest in PFH due to the substantial historical activities between PFH and the Bank’s Panacea Financial Division coupled with the limited activities of PFH outside of its relationship with Primis as of December 31, 2023. There are employees of Primis that have historically carried out substantially all of the activities of PFH. Accordingly, the Company determined it is the primary beneficiary of PFH and consolidated it as of December 31, 2023.
Discontinued Operation	Discontinued Operation Primis Bank had an interest in one mortgage company, Southern Trust Mortgage, LLC (“STM”). Prior to December 31, 2021, Primis Bank owned 43.28% and 100% of STM’s common and preferred stock, respectively, and STM was considered an unconsolidated affiliate of the Company. On September 23, 2021, Primis Bank entered into an agreement with STM, whereby STM agreed to purchase all of the Bank's common membership interests and a portion of the Bank's preferred interests in STM for a combination of $1.6 million in cash and the assumption of a promissory note in the amount of $8.5 million. The transaction closed on December 31, 2021. Upon closing, STM continued to be a borrower of the Bank, but the Bank is no longer a minority owner of STM and STM is no longer considered an affiliate of the Company. The Company still held 100% of STM’s preferred stock as of December 31, 2023 and 2022 but no longer had a position on STM’s board of directors and STM no longer represented a reportable operating segment of the Company as of either date.
Reclassifications	Reclassifications In certain instances, amounts reported in prior years’ consolidated financial statements have been reclassified to conform to the current financial statement presentation. The Company reclassified its other equity investment gains during the year ended December 31, 2022 that were presented in other noninterest income in the prior year financial statements with its previously reported “gain on sale of other investment” and retitled the line “gain on other investments”.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from these estimates. Estimates that are particularly susceptible to change in the near term include: the determination of the allowance for credit losses, the fair value of investment securities, the credit impairment of investment securities, the mortgage banking derivatives, interest rate swap derivatives, Consumer Program derivative, the valuation of goodwill and deferred tax assets.
Investment Securities	​ Investment Securities ​ Securities Available-for-Sale and Held-to Maturity Debt securities that Primis has the positive intent and ability to hold to maturity are classified as held-to-maturity and carried at amortized cost. ​ Securities classified as available-for-sale are those debt securities that may be sold in response to changes in interest rates, liquidity needs or other similar factors. Securities available-for-sale are carried at fair value, with unrealized gains or losses net of deferred taxes, included in accumulated other comprehensive income (loss) in stockholders’ equity. Premiums and discounts are generally amortized using the interest method with a constant effective yield without anticipating prepayments, except for mortgage-backed securities where prepayments are anticipated. Premiums on callable securities are amortized to their earliest call date. Gains and losses on the sale of investment securities are recorded on the settlement date and are determined using the specific identification method. Primis purchases amortizing investment securities. The actual principal reduction on these assets varies from the expected contractual principal reduction due to principal prepayments resulting from the borrowers’ election to refinance the underlying mortgage based on market and other conditions. The purchased premiums and discounts associated with these assets are amortized or accreted to interest income over the estimated life of the related assets. The estimated life is calculated by projecting future prepayments and the resulting principal cash flows until maturity. Prepayment rate projections utilize actual prepayment speed experience and available market information on like-kind instruments. The prepayment rates form the basis for income recognition of premiums and discounts on the related assets. Changes in prepayment estimates may cause the earnings recognized on these assets to vary over the term that the assets are held, creating volatility in the net interest margin. Prepayment rate assumptions are monitored and updated monthly to reflect actual activity and the most recent market projections. Non-marketable Equity Securities Primis’ investment in STM’s preferred stock and other investments are considered to be non-marketable equity securities that do not have a readily determinable fair value. Equity securities with no recurring market value data available are reviewed periodically and any observable market value change is adjusted through net income. Primis evaluates these non-marketable equity securities for impairment and recoverability of the recorded investment by considering positive and negative evidence, including the profitability and asset quality, dividend payment history and recent redemption experience. Impairment is assessed at each reporting period and if identified, is recognized in noninterest income. Other investments include stock acquired for regulatory purposes. The Bank is a member of the FHLB system. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. The Bank is also required to own FRB stock with a par value equal to 6% of capital and FHLB stock of 4.25% of borrowings outstanding. FHLB and FRB stock is carried at cost and periodically evaluated for impairment based on ultimate recovery of the par value. Both cash and stock dividends are reported as income.
Loans Held for Sale	Loans Held for Sale ​ The PMC loans held for sale are originated and held until sold to permanent investors. The Company has elected to carry these loans at fair value on a recurring basis in accordance with the fair value option under Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 825, Financial Instruments
Loans	Loans Primis provides commercial and consumer loans to customers. Primis also purchases mortgage loans from mortgage loans originators, including PMC. A substantial portion of the loan portfolio is represented by loans secured by real estate throughout its market area. The ability of Primis’ debtors to honor their contracts is in varying degrees dependent upon the real estate market conditions and general economic conditions in their debtor’s market area. Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding unpaid principal balances, including purchased premiums and discounts and any deferred loan fees or costs. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method without anticipating prepayments. Commercial real estate loans consist of borrowings secured by owner occupied and non-owner occupied commercial real estate. Repayment of these loans is dependent upon rental income or the subsequent sale of the property for loans secured by non-owner occupied commercial real estate and by cash flows from business operations for owner occupied commercial real estate. Loans for which the source of repayment is rental income are primarily impacted by local economic conditions which dictate occupancy rates and the amount of rent charged. Commercial real estate loans that are dependent on cash flows from operations can also be adversely affected by current market conditions for their product or service. Construction and land development loans primarily consist of borrowings to purchase and develop raw land into residential and non-residential properties. Construction loans are extended to individuals as well as corporations for the construction of an individual or multiple properties and are secured by raw land and the subsequent improvements. Repayment of the loans to real estate developers is dependent upon the sale or lease of properties to third parties in a timely fashion upon completion. Should there be delays in construction or a downturn in the market for those properties, there may be significant erosion in value which may be absorbed by Primis. Commercial loans consist of borrowings for commercial purposes to individuals, corporations, partnerships, sole proprietorships, and other business enterprises. Commercial loans are generally secured by business assets such as equipment, accounts receivable, inventory, or any other asset excluding real estate and generally made to finance capital expenditures or operations. Primis’ risk exposure is related to deterioration in the value of collateral securing the loan should foreclosure become necessary. Generally, business assets used or produced in operations do not maintain their value upon foreclosure which may require Primis to write-down the value significantly to sell. Commercial loans also include Life Premium Finance loans. These loans are utilized to pay the annual premiums due on the whole or universal life policy. The Life Premium Finance loans are fully secured by the cash value of the policy and personal liquid assets of the borrower or guarantor. Residential real estate loans consist of loans to individuals for the purchase of primary residences with repayment primarily through wage or other income sources of the individual borrower. Primis’ loss exposure to these loans is dependent on local market conditions for residential properties as loan amounts are determined, in part, by the fair value of the property at origination. Other consumer loans are comprised of loans to individuals both unsecured and secured and home equity loans secured by real estate (closed and open-end), with repayment dependent on individual wages and other income. Other consumer loans also include Life Premium Finance loans and Panacea Financial consumer loans comprising of student loan refinancing and pro re nata (“PRN’) loans. PRN loans may be utilized by graduating doctors to fund costs as they move into their chosen professions. The risk of loss on consumer loans is elevated as the collateral securing these loans, if any, may rapidly depreciate in value or may be worthless and/or difficult to locate if repossession is necessary. Losses in this portfolio are generally relatively low, however, due to the small individual loan size and the balance outstanding as a percentage of Primis’ entire portfolio. Also included in other consumer loans are the Consumer Program loans as more fully described below in the Third Party Originated and Serviced Consumer Loan Portfolio section of this footnote. The accrual of interest on all loans is discontinued at the time the loan is 90 days delinquent unless the credit is well secured and in process of collection. In all cases, loans are placed on nonaccrual status or charged-off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual status or charged-off is reversed against interest income. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and future payments are reasonably assured. Most of Primis’ business activity is with customers located within Virginia and Maryland with some consumer loans’ customer base on a national platform. Therefore, our exposure to credit risk is significantly affected by changes in the economy in those areas. We are not dependent on any single customer or group of customers whose insolvency would have a material adverse effect on operations. Primis has purchased, primarily through acquisitions, individual loans and groups of loans, some of which have shown evidence of credit deterioration since origination. These purchased loans are recorded at fair value such that there is no carryover of the seller’s allowance for credit losses. We adopted Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments A purchased financial asset that does not qualify as a PCD asset is accounted for similar to an originated financial asset. Generally, this means that an entity recognizes the allowance for credit losses for non-PCD assets through net income at the time of acquisition. In addition, both the credit discount and non-credit discount or premium resulting from acquiring a pool of purchased financial assets that do not qualify as PCD assets is allocated to each individual asset. This combined discount or premium is accreted to interest income using the effective yield method.
Allowance for Credit Losses	Allowance for Credit Losses Allowance For Credit Losses - Held-to-Maturity Securities ​ Allowance For Credit Losses - Available-for-Sale Securities For available-for-sale securities in an unrealized loss position, we first assess whether (i) we intend to sell or (ii) it is more likely than not that we will be required to sell the security before recovery of its amortized cost basis. If either case is affirmative, any previously recognized allowances are charged-off and the security's amortized cost is written down to fair value through income. If neither case is affirmative, the security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency and any adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Adjustments to the allowance are reported in our income statement as a component of credit loss expense. Management has made the accounting policy election to exclude accrued interest receivable on available-for-sale securities from the estimate of credit losses due to the inclusion in its nonaccrual policy. Available-for-sale securities are charged-off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by management or when either of the aforementioned criteria regarding intent or requirement to sell is met. ​ Allowance for Credit Losses – Loans The allowance for credit losses on loans is a contra-asset valuation account, calculated in accordance with ASC 326, which is deducted from the amortized cost basis of loans to present management's best estimate of the net amount expected to be collected. Loans are charged-off against the allowance when deemed uncollectible by management. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Adjustments to the allowance are reported in our income statement as a component of credit loss expense. Management has made the accounting policy election to exclude accrued interest receivable on loans from the estimate of credit losses due to the inclusion in its nonaccrual policy. Further information regarding our policies and methodology used to estimate the allowance for credit losses on loans is presented in Note 4 – Loans and Allowance For Credit Losses. ​ Allowance For Credit Losses - Off-Balance-Sheet Credit Exposures ​ The allowance for credit losses on off-balance-sheet credit exposures is a liability account, calculated in accordance with ASC 326, representing expected credit losses over the contractual period for which we are exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if we have the unconditional right to cancel the obligation. The allowance is reported as a component of other liabilities in our consolidated balance sheets. Adjustments to the allowance are reported in our income statement as a component of other expenses. Further information regarding our policies and methodology used to estimate the allowance for credit losses on off-balance-sheet credit exposures is presented in Note 15 – Financial Instruments with Off-Balance-Sheet Risks.
Third-Party Originated and Serviced Consumer Loan Portfolio	Third-Party Originated and Serviced Consumer Loan Portfolio In the second half of 2021, the Company partnered with a third-party (the “Third Party Originator/Servicer” or “TPOS”) to originate and service unsecured consumer loans through their proprietary point-of-sale technology (the “Consumer Program”). Loan options under the Consumer Program include traditional fully-amortizing loans and promotional loans with no interest, or “same-as-cash”, features if the loan is fully repaid in the promotional window. The loans are originated at par in the Bank’s name and have a term of 5 to 12 years with a much shorter effective life due to amortization and pay downs. The Consumer Program is governed by multiple interrelated agreements including the loan agreement between the Bank and the customer and agreements with the TPOS. The structure of the Consumer Program is intended to generate loans that yield a targeted return to the Bank on a portfolio basis while also providing limited credit enhancement from the TPOS. Key characteristics of the combined arrangement include: ● The TPOS contributes funds to a reserve account at the time of origination to be used for future charge-offs if necessary. ● When a promotional loan pays off prior to the end of the promotional period, the customer owes no interest on the loan and any interest accrued during the period is waived. In that event, the TPOS reimburses the Bank for the interest the customer otherwise would have paid if the promotional period did not exist. ● Excess yield on the portfolio after realized charge-offs and above an agreed upon target rate due to the Bank is paid to the TPOS as a “Performance Fee.” ● In the event charge-offs exceed the amount available as a Performance Fee, the TPOS remits a portion of current period originations to reimburse for losses and, if necessary, releases funds from the reserve account. ● If charge-offs exceed the amounts above, they roll over to future periods to offset potential Performance Fees and subsequent reserve account fundings related to the portfolio. Agreements with multiple counterparties, such as the customer and TPOS, are generally required to be accounted for separately in accordance with U.S. GAAP relevant to each unit of account even if the agreements are highly interrelated. As a result, the Company accounts for the Consumer Program under multiple units of account as follows: ● The loans and related revenue are accounted for consistent with the Company’s accounting for its other loans held for investment and are also included in the Company’s expected credit losses estimation process under CECL. o No interest income is recognized on promotional loans until the expiration of the promotional period. If the customer doesn’t pay off the loan prior to that expiration, deferred interest from the beginning of the loan becomes the obligation of the customer and is billed straight-line over the remaining life of the loan. We recognize the accumulated deferred interest at the time of expiration discounted for the time value of money with the discount amortized over the remaining life of the loan. ● The agreement that governs the “performance fee” and interest reimbursement from the TPOS meets the definition of a derivative financial instrument and is accounted for in accordance with ASC 815, Derivatives and Hedging. The derivative is accounted for at fair value in the Company’s Consolidated Balance Sheets in other assets or other liabilities with changes in fair value each period reported in the Consolidated Statements of Income and Comprehensive Income (Loss) within noninterest income. The primary drivers of the derivative value include estimated prepayment activity on promotional loans that would trigger reimbursement to the Company from the TPOS and estimated excess yield above projected credit losses that would lead to Performance Fee payments to the TPOS from the Company. Additional details on the inputs and assumptions used to determine the fair value of the derivative are discussed in Note 5, Derivatives. o Noninterest income each period includes actual amounts received during the period for interest reimbursement and amounts paid by the TPOS under the limited credit enhancement described above. o Noninterest expense each period includes actual amounts paid during the period for performance fees and servicing fees as defined in the agreement with the TPOS. The Company has $199.3 million of loans outstanding in the Consumer Program, or 6% of our total gross loan portfolio, as of December 31, 2023. Loans in the Consumer Program are included within the Consumer Loan category disclosures in Note 4, Loans and Allowance for Credit Losses. As of December 31, 2023, 45% of the loans were in a promotional period requiring no payment of interest on their loans with 70% of these promotional loan periods ending in the second half of 2024 through the first quarter of 2025. During the year ended December 31, 2023, $10.1 million of promotional loans paid off prior to the end of their promotional periods while $6.0 million of promotional loans reached the end of the promotional period and entered amortization.
Transfers of Financial Assets	Transfers of Financial Assets The Company follows the guidance in ASC 860, Transfers and Servicing ​ The Company retains servicing rights on the loans sold and records a servicing asset for each of the sold loans at the time of sale. Subsequent to the date of transfer, the Company can elect to measure servicing assets under the amortization method. Under the amortization method, servicing assets are amortized in proportion to, and over the period of, estimated net servicing income. The amortization of servicing assets is analyzed each reporting period and is adjusted to reflect changes in prepayment speeds, as well as other factors. Servicing assets are evaluated for impairment based on the fair value of those assets. Impairment is determined by assessing the servicing assets based on groupings of predominant risk characteristics, such as interest rate and loan type. If, by servicing asset grouping, the carrying amount of the servicing assets exceeds fair value, a valuation allowance is established through a charge to earnings. The valuation allowance is adjusted as the fair value changes. The Company recorded approximately $7 thousand of impairment of its servicing assets during the year ended December 31, 2023. Servicing assets are included in other assets in the accompanying consolidated balance sheets. The Company also retains servicing rights on loans transferred under secured borrowings, but in accordance with U.S. GAAP does not record a servicing asset. ​ The principal balance of loans transferred for the year ended December 31, 2023 that qualified as sales was $52.2 million, while the principal balance transferred that was accounted for as secured borrowings was $23.4 million. The Company recorded $0.3 million of servicing assets during the year ended December 31, 2023 in connection with the transfer of loans that qualified as sales. The balance of the servicing assets as of December 31, 2023 was $0.3 million. See Note 11 – Securities Sold Under Agreements to Repurchase and Other Borrowings – for additional information on transfers accounted for as secured borrowings.
Bank Premises and Equipment	Bank Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Buildings and related components are depreciated using the straight-line method with useful lives of 30 years. Leasehold improvements are amortized on the straight-line method over the shorter of the estimated useful lives of the improvements or the terms of the related leases including lease renewals only when the Company is reasonably assured of the aggregate term of the lease. Furniture, fixtures, equipment and software are depreciated using the straight-line method with useful lives ranging from 3 to 10 years.
Assets Held for Sale	Assets Held for Sale ​ The Company classifies its assets as held for sale in accordance with FASB ASC 360, Property, Plant, and Equipment ​ The Company assesses the net fair value of assets held for sale each reporting period the assets remain classified as held for sale. Subsequent changes, if any, in the net fair value of the assets held for sale that require an adjustment to the carrying amount are recorded in the income statement, unless the adjustment causes the carrying amount of the assets to exceed the net carrying amount upon initial classification as held for sale. ​ If circumstances arise that the Company previously considered unlikely and, as a result, the Company decides not to sell assets previously classified as held for sale, they are reclassified to another classification. Assets that are reclassified are measured at the lower of (a) their carrying amount before they were classified as held for sale, adjusted for any depreciation (amortization) expense that would have been recognized had the assets remained in their previous classification, or (b) their fair value at the date of the subsequent decision not to sell.
Operating Leases	Operating Leases The Company leases certain properties and equipment under operating leases. The Company recognizes a liability to make lease payments, the operating lease liability, and an asset representing the right to use the underlying asset during the lease term, the right-of-use asset. In recognizing lease right-of-use assets and related lease liabilities, we account for lease and non-lease components (such as taxes, insurance, and common area maintenance costs) separately as such amounts are generally readily determinable under our lease contracts. The operating lease liability is measured at the present value of the remaining lease payments, discounted at the Company’s incremental borrowing rate at inception. The right-of-use asset is measured at the amount of the operating lease liability adjusted for the remaining balance of any lease incentives received, any cumulative prepaid or accrued rent if the lease payments are uneven throughout the lease term, any unamortized initial direct costs, and any impairment of the right-of-use-asset. Lease expense consists of a single lease cost calculated so that the remaining cost of the lease is allocated over the remaining lease term on a straight-line basis, variable lease payments not included in the operating lease liability, and any impairment of the right-of-use asset. Lease renewal options are generally not included in the calculation of the operating lease liabilities, unless they are not reasonably certain to be exercised. The Company does not recognize short-term leases on the balance sheets.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company follows ASC 350, Goodwill and Other Intangible Assets The Company performs its annual impairment analysis on September 30 th To determine the fair value of the Bank and PMC reporting units, the Company utilizes a combination of three or four valuation approaches: the comparable transactions approach, the control premium approach, the public market peers control premium approach, and the discounted cash flow approach. The comparable transactions approach is based on pricing ratios recently paid in the sale or merger of comparable banking franchises; the control premium approach is based on the Company’s trading price, adjusted for holding company assets and an industry based control premium; the public market peers control premium approach is based on market pricing ratios of public banking companies adjusted for an industry based control premium; and the discounted cash flow approach considers the earnings and cash flows that a hypothetical acquirer could realize in an acquisition of the Bank reporting unit. Assumptions that are used as part of these calculations include: the selection of comparable publicly-traded companies and selection of market comparable acquisition transactions. In addition, other assumptions include the discount rate, economic conditions, which impact the assumptions related to interest and growth rates, the control premium associated with the reporting unit and a relative weight given to the valuations derived by the valuation methods. Other intangible assets consist of core deposit intangible assets arising from whole-bank and branch acquisitions and other intangibles from the PMC acquisition and are amortized over their estimated useful lives, which range from 6 to 15 years.
Stock Based Compensation	Stock-Based Compensation Compensation cost is recognized for stock options issued to employees, based on the fair value of these awards at the date of grant. A Black-Scholes option-pricing model is utilized to estimate the fair value of stock options. Compensation cost for grants of restricted shares is accounted for based on the closing price of Primis’ common stock on the date the restricted shares are awarded. Compensation cost for stock options and restricted shares is recognized over the required service period, generally defined as the vesting period. For awards with graded vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Compensation cost for restricted stock unit awards that contain performance conditions is measured based on the grant date fair value of the units, adjusted for the Company’s best estimate of the outcome of vesting conditions at the end of the performance period.
Bank Owned Life Insurance	Bank-Owned Life Insurance Primis has purchased, and acquired through acquisitions, life insurance policies on certain former and current key executives. Bank-owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Cloud Computing Arrangement Assets	Cloud Computing Arrangement Assets Primis engaged third-parties to define, design, and develop a new cloud-based banking core for the Company. The multiple phases of the cloud computing arrangement assets are assessed and reviewed as the software is placed into production. Total costs paid is capitalized upon initial launch and production rollout. Amortization is based on the estimated life of the core infrastructure as it relates to obsolescence, technology, competition, and the nature of changes in software. Operating costs such as monthly licensing, usage, and storage are expensed as incurred in data processing expense in our income statements. As of December 31, 2023 and 2022, the Company had gross cloud computing arrangement assets of $14.4 million and $11.5 million, respectively, and accumulated amortization of $3.8 million and $1.1 million, respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Premises and equipment, cloud computing arrangement assets, right of use assets, and other long-term assets (other than goodwill and intangibles) are reviewed for impairment when events indicate their carrying amount may not be recoverable from future undiscounted cash flows. If impaired, the assets are recorded at fair value.
Derivative Instruments and Interest Rate Swaps	Derivative Instruments ​ Derivatives are financial instruments that meet the criteria in ASC 815, Derivatives and Hedgin g, to be recognized as either freestanding or embedded derivatives. The Company’s derivatives are recognized as either assets or liabilities in the Consolidated Balance Sheets at fair value. Changes in the fair value of the derivatives are recorded through noninterest income in . Primis does not use derivative instruments for trading or speculative purposes. Consumer Program Derivative The Bank has an agreement with a third-party to originate and service consumer loans that are included in the Bank’s held for investment portfolio. The third-party provides a target return to the Company on the portfolio of loans and all interest received from borrowers above the target return is paid to the third-party as a performance fee. The third-party also provides reimbursement for lost interest when the borrower’s note has a promotional feature that waives accrued interest if the loan is paid in full before the promotional period ends and credit support to the Company in periods when the target return on the portfolio is not achieved. This agreement to pay the third-party performance fees and to receive reimbursement of waived interest and certain credit support meets the definition of a derivative financial instrument. As of December 31, 2023 and 2022 the Company recorded an asset of $10.8 million and a liability of $0.1 million, respectively, in its Consolidated Balance Sheets in the lines “Consumer Program derivative asset” and “Consumer Program derivative liability” related to the third-party agreement accounted for as a derivative. See Note 5, Derivatives, for additional information about the derivative and the assumptions used to determine its value. Mortgage Banking Derivatives and Financial Instruments Mortgage loan commitments known as interest rate lock commitments (“IRLCs”) that relate to the origination of a mortgage that will be held for sale upon funding are considered derivative instruments under the derivatives accounting guidance in ASC 815 , Derivatives and Hedging . Loan commitments that are classified as derivatives are recognized at fair value on the Consolidated Balance Sheets in other assets and other liabilities with changes in their fair values recorded in mortgage banking income in the . To-be-announced mortgage-backed securities trades (“TBA”) is a contract to buy or sell mortgage-backed securities on a specific date while the underlying mortgages are not announced until just prior to settlement. These TBA trades provide an economic hedge against the effect of changes in interest rates resulting from interest rate lock commitments. TBAs are accounted for under the derivatives accounting guidance in ASC 815, Derivatives and Hedging when either of the following conditions exist: (i) when settlement of the TBA trade is not expected to occur at the next regular settlement date (which is typically the next month) or (ii) a mechanism exists to settle the contract on a net basis. As a result, these instruments are recorded at fair value on the consolidated balance sheets as other assets and other liabilities with changes in their fair values recorded in mortgage banking income in the income . The fair value of the TBA trades is based on the gain or loss that would occur if the Company were to pair-off the trade at the measurement date. Forward loan sale commitments are commitments to sell individual mortgage loans using both best efforts and mandatory delivery at a fixed price to an investor at a future date. Forward loan sale commitments that are mandatory delivery are accounted for as derivatives and carried at fair value, determined as the amount that would be necessary to settle the derivative financial instrument at the balance sheet date. Forward loan sale commitments that are best efforts are not derivatives but can be and have been accounted for at fair value, determined in a similar manner to those that are mandatory delivery. Forward loan sale commitments are recorded on the consolidated balance sheets As of December 31, 2023 the Company recorded an asset of $0.6 million and a liability of $0.2 million in its Consolidated Balance Sheets in other assets and other liabilities, respectively, related to IRLCs, TBAs, and forward loan sale commitments (“mortgage banking derivatives”). As of December 31, 2022 the Company recorded an asset of $0.9 million and a liability of $0.1 million in its Consolidated Balance Sheets in other assets and other liabilities, respectively, related to mortgage banking derivatives. See Note 5 for further discussion and assumptions used to value the derivatives. Interest Rate Swaps ​ The Company is subject to interest rate risk exposure in the normal course of business through its core lending operations. Primarily to help mitigate interest rate risk associated with its loan portfolio, the Company entered into interest rate swaps in May and August 2023 with a large U.S. financial institution as the counterparty. Interest rate swaps are contractual agreements whereby one party pays a floating interest rate on a notional principal amount and receives a fixed-rate payment on the same notional principal, or vice versa, for a fixed period of time. Interest rate swaps change in value with movements in benchmark interest rates, such as Prime or the Secured Overnight Financing Rate (“SOFR”). Interest rate swaps subject the Company to market risk associated with changes in interest rates, changes in interest rate volatility, as well as the credit risk that the counterparty will fail to perform. The Company’s interest rate swaps are pay-fixed and receive-floating whereby the Company receives a variable rate of interest based on SOFR. The Company’s interest rate swaps meet the definition of derivative instruments under ASC 815, Derivatives and Hedging outstanding for the designated hedge periods. Under the fair value hedging model, gains or losses attributable to the change in fair value of the derivative instruments, as well as the gains and losses attributable to the change in fair value of the hedged items, are recognized in interest income in the same income statement line item with the hedged item in the period in which the change in fair value occurs. The corresponding adjustment to the hedged asset or liability are included in the basis of the hedged items, while the corresponding change in the fair value of the derivative instruments are recorded as an adjustment to other assets or other liabilities, as applicable. The Company presents interest rate swaps on the balance sheets on a net basis when a right of offset exists, based on transactions with a single counterparty and any cash collateral paid to and/or received from that counterparty are subject to legally enforceable master netting arrangements. As of December 31, 2023 the gross amounts of interest rate swap derivative assets and liabilities were $1.8 million and $0.7 million, respectively, and are recorded net in other assets in the consolidated balance sheet. The following table represents the carrying value of the portfolio layer method hedged assets and the cumulative fair value hedging adjustments included in the carrying value of the hedged assets as of December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 (dollars in thousands) ​ ​ Amortized Cost Basis ​ ​ Hedged Asset ​ ​ Basis Adjustment ​ ​ Amortized Cost Basis ​ ​ Hedged Asset ​ ​ Basis Adjustment Fixed rate assets ​ $ 946,185 ​ $ 248,906 ​ $ (1,094) ​ $ — ​ $ — ​ $ — ​ Additional information on derivative instruments can be found in Note 5 – Fair Value.
Retirement Plans	Retirement Plans Employee 401(k) plan expense is the amount of matching contributions from the Company. Primis matches 100% of the first 3% of the employee contribution, and 50% of the next 3% (maximum of 4.5% match). Supplemental retirement plan expense incurred by the Company is accrued based on a future obligation to provide benefits to retired executives over a certain number of years after their service to the Company concludes.
Loss Contingencies	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not believe there are such matters that will have a material effect on the consolidated financial statements.
Dividend Restriction	Dividend Restriction Banking regulations require maintaining certain capital levels and may limit the dividends paid by the Bank to Primis or by Primis to shareholders.
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred. Advertising costs expensed during the twelve months ended December 31, 2023, 2022 and 2021 were $1.8 million, $3.1 million and $1.7 million, respectively.
Income Taxes	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount expected to be realized. A tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. We have no unrecognized tax benefits and do not anticipate any increase in unrecognized tax benefits during the next twelve months. Should the accrual of any interest or penalties relative to unrecognized tax benefits be necessary, it is our policy to record such accruals in our income tax accounts; no such accruals exist as of December 31, 2023 and 2022.
Restrictions on Cash	Restrictions on Cash No regulatory reserve or clearing requirements with the FRB were needed as of December 31, 2023 and 2022.
Cash and cash equivalents	Cash and cash equivalents Primis defines cash and cash equivalents as cash due from financial institutions, interest-bearing deposits and federal funds sold in other financial institutions with maturities less than 90 days.
Earnings Per Share ("EPS")	Earnings Per Share (“EPS”) Basic EPS is computed by dividing net income attributable to Primis’ common shareholders by the weighted average number of common shares outstanding during the year. Diluted EPS reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to net income that would result from the assumed issuance. Potential common shares that may be issued by Primis relate solely to outstanding stock options, restricted stock awards, and restricted stock units and are determined using the treasury stock method. Performance awards cannot be dilutive until the Company’s best estimate of the outcome of vesting conditions become probable.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on investment securities available-for-sale which are also recognized as a separate component of equity.
Off Balance Sheet Credit Related Financial Instruments	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, Primis has entered into commitments to extend credit and standby letters of credit. The face amount for these items represents the exposure to loss, before considering customer collateral or ability to repay.
Fair Value Measurements	Fair Value Measurements In general, fair values of financial instruments are based upon quoted market prices, where available. If such quoted market prices are not available, fair value is based upon observable market-based parameters. Valuation assumptions may be made to ensure that financial instruments are recorded at fair value. These assumptions may reflect assumptions that market participants would use in pricing an asset or liability, among other things, as well as unobservable parameters. Any such valuation assumptions are applied consistently over time.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2022, the FASB issued ASU 2022-02, Troubled Debt Restructurings and Vintage Disclosures In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging-Portfolio Layer Method In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . This ASU requires annual disclosure of certain information relating to the rate reconciliation, income taxes paid by jurisdiction, 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. The ASU also eliminates certain requirements relating to unrecognized tax benefits and certain deferred tax disclosure relating to subsidiaries and corporate joint ventures. This ASU is effective for the Company’s annual disclosures beginning for the year ended December 31, 2025. The Company is currently evaluating the impact of this ASU to its financial statement disclosures.

ORGANIZATION AND SIGNIFICANT _3

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Schedule of Hedged Assets and Cumulative Fair Value Hedging Adjustments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 (dollars in thousands) ​ ​ Amortized Cost Basis ​ ​ Hedged Asset ​ ​ Basis Adjustment ​ ​ Amortized Cost Basis ​ ​ Hedged Asset ​ ​ Basis Adjustment Fixed rate assets ​ $ 946,185 ​ $ 248,906 ​ $ (1,094) ​ $ — ​ $ — ​ $ —

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2023
BUSINESS COMBINATION
Schedule of Business Acquisitions	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original Adjustments Final (dollars in thousands) ​ Estimates ​ to Estimates ​ Valuation Consideration paid: ​ ​ ​ Cash $ 7,000 $ — ​ $ 7,000 Value of consideration $ 7,000 $ — ​ $ 7,000 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets acquired: ​ ​ ​ Cash and due from banks ​ $ 2,446 ​ $ — ​ $ 2,446 Mortgage loans held for sale ​ ​ 20,452 ​ — ​ 20,452 Premises and equipment, net ​ 124 ​ — ​ 124 Leases right-of-use asset ​ ​ 28 ​ ​ — ​ ​ 28 Derivative assets ​ ​ 1,224 ​ ​ — ​ ​ 1,224 Other intangibles ​ ​ — ​ ​ 135 ​ ​ 135 Deferred tax asset, net ​ ​ 26 ​ ​ — ​ ​ 26 Other assets ​ 93 ​ — ​ 93 Total assets ​ 24,393 ​ 135 ​ 24,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed: ​ ​ ​ Short term borrowings ​ 19,254 ​ — ​ 19,254 Leases liability ​ ​ 27 ​ ​ — ​ ​ 27 Other liabilities ​ 902 ​ — ​ 902 Total liabilities ​ 20,183 ​ — ​ 20,183 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net identifiable assets acquired ​ $ 4,210 ​ $ 135 ​ $ 4,345 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill resulting from acquisition ​ ​ ​ $ 2,655
Schedule of unaudited pro forma	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ 2022 ​ 2021 Total revenues ​ $ 146,607 ​ $ 134,588 Net income ​ $ 14,194 ​ $ 31,692

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2023
INVESTMENT SECURITIES
Schedule of amortized cost and fair value of securities available-for-sale	The amortized cost and fair value of available-for-sale investment securities and the related gross unrealized gains and losses recognized in accumulated other comprehensive income (loss) were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Fair ​ Cost Gains Losses Value December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 110,562 ​ $ 72 ​ $ (13,826) ​ $ 96,808 Obligations of states and political subdivisions ​ 33,801 ​ 12 ​ (3,733) ​ 30,080 Corporate securities ​ 16,000 ​ — ​ (1,952) ​ 14,048 Collateralized loan obligations ​ 5,018 ​ — ​ (36) ​ 4,982 Residential government-sponsored collateralized mortgage obligations ​ 35,927 ​ 175 ​ (1,631) ​ 34,471 Government-sponsored agency securities ​ 16,267 ​ — ​ (2,556) ​ 13,711 Agency commercial mortgage-backed securities ​ 34,059 ​ ​ — ​ ​ (3,949) ​ 30,110 SBA pool securities ​ 4,257 ​ 6 ​ (53) ​ 4,210 Total ​ $ 255,891 ​ $ 265 ​ $ (27,736) ​ $ 228,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrealized ​ Fair ​ Cost Gains Losses Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 119,371 ​ $ 1 ​ $ (16,491) ​ $ 102,881 Obligations of states and political subdivisions ​ 34,103 ​ 2 ​ (4,927) ​ 29,178 Corporate securities ​ 16,000 ​ — ​ (1,172) ​ 14,828 Collateralized loan obligations ​ 5,022 ​ — ​ (146) ​ 4,876 Residential government-sponsored collateralized mortgage obligations ​ 28,643 ​ — ​ (2,048) ​ 26,595 Government-sponsored agency securities ​ 17,719 ​ — ​ (3,103) ​ 14,616 Agency commercial mortgage-backed securities ​ 42,180 ​ ​ — ​ ​ (4,763) ​ 37,417 SBA pool securities ​ 5,998 ​ 13 ​ (87) ​ 5,924 Total ​ $ 269,036 ​ $ 16 ​ $ (32,737) ​ $ 236,315 ​ ​
Schedule of amortized cost, unrecognized gains and losses, and fair value of held to maturity securities	The amortized cost, gross unrecognized gains and losses, allowance for credit losses and fair value of investment securities held-to-maturity were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Fair ​ Cost Gains Losses Credit Losses Value December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 9,040 ​ $ — ​ $ (754) ​ $ — ​ $ 8,286 Obligations of states and political subdivisions ​ 2,391 ​ — ​ (42) ​ — ​ 2,349 Residential government-sponsored collateralized mortgage obligations ​ 219 ​ — ​ (15) ​ — ​ 204 Total ​ $ 11,650 ​ $ — ​ $ (811) ​ $ — ​ $ 10,839 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized ​ Gross Unrecognized ​ Allowance for ​ Fair ​ Cost Gains Losses Credit Losses Value December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 10,522 ​ $ — ​ $ (1,007) ​ $ — ​ $ 9,515 Obligations of states and political subdivisions 2,721 ​ 3 ​ (46) ​ — ​ 2,678 Residential government-sponsored collateralized mortgage obligations 277 ​ — ​ (21) ​ — ​ 256 Total ​ $ 13,520 ​ $ 3 ​ $ (1,074) ​ $ — ​ $ 12,449
Schedule of fair value and carrying amount, if different, of debt securities, by contractual maturity	The amortized cost and fair value of available-for-sale and held-to-maturity investment securities as of December 31, 2023, by contractual maturity, were as follows (in thousands). Investment securities not due at a single maturity date are shown separately. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-Sale ​ Held-to-Maturity ​ Amortized ​ ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due within one year ​ $ — ​ $ — ​ $ 872 ​ $ 870 Due in one to five years ​ ​ 10,030 ​ ​ 9,361 ​ ​ 580 ​ ​ 580 Due in five to ten years ​ 36,738 ​ 32,098 ​ 939 ​ ​ 899 Due after ten years ​ 24,318 ​ 21,362 ​ — ​ ​ — Residential government-sponsored mortgage-backed securities ​ 110,562 ​ 96,808 ​ 9,040 ​ 8,286 Residential government-sponsored collateralized mortgage obligations ​ 35,927 ​ 34,471 ​ 219 ​ 204 Agency commercial mortgage-backed securities ​ 34,059 ​ 30,110 ​ — ​ — SBA pool securities ​ 4,257 ​ 4,210 ​ — ​ — Total ​ $ 255,891 ​ $ 228,420 ​ $ 11,650 ​ $ 10,839
Schedule of unrealized losses on investments	The following tables present information regarding investment securities available-for-sale and held-to-maturity in a continuous unrealized loss position as of December 31, 2023 and 2022 by duration of time in a loss position (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2023 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ — ​ $ — ​ $ 93,782 ​ $ (13,826) ​ $ 93,782 ​ $ (13,826) Obligations of states and political subdivisions ​ ​ 3,945 ​ ​ (19) ​ ​ 23,002 ​ ​ (3,714) ​ ​ 26,947 ​ ​ (3,733) Corporate securities ​ ​ 939 ​ ​ (61) ​ ​ 13,109 ​ ​ (1,891) ​ ​ 14,048 ​ ​ (1,952) Collateralized loan obligations ​ ​ — ​ ​ — ​ ​ 4,982 ​ ​ (36) ​ ​ 4,982 ​ ​ (36) Residential government-sponsored collateralized mortgage obligations ​ ​ — ​ ​ — ​ ​ 17,306 ​ ​ (1,631) ​ ​ 17,306 ​ ​ (1,631) Government-sponsored agency securities ​ — ​ — ​ 13,711 ​ (2,556) ​ 13,711 ​ (2,556) Agency commercial mortgage-backed securities ​ — ​ — ​ 30,110 ​ (3,949) ​ 30,110 ​ (3,949) SBA pool securities ​ 301 ​ (1) ​ 2,693 ​ (52) ​ 2,994 ​ (53) Total ​ $ 5,185 ​ $ (81) ​ $ 198,695 ​ $ (27,655) ​ $ 203,880 ​ $ (27,736) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2023 Fair Unrecognized Fair Unrecognized Fair Unrecognized Held-to-Maturity ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ — ​ $ — ​ $ 8,286 ​ $ (754) ​ $ 8,286 ​ $ (754) Obligations of states and political subdivisions ​ 1,373 ​ (4) ​ 396 ​ (38) ​ 1,769 ​ (42) Residential government-sponsored collateralized mortgage obligations ​ — ​ — ​ 204 ​ (15) ​ 204 ​ (15) Total ​ $ 1,373 ​ $ (4) ​ $ 8,886 ​ $ (807) ​ $ 10,259 ​ $ (811) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2022 Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ 23,484 ​ $ (2,268) ​ $ 79,283 ​ $ (14,223) ​ $ 102,767 ​ $ (16,491) Obligations of states and political subdivisions ​ ​ 10,026 ​ ​ (388) ​ ​ 17,609 ​ ​ (4,539) ​ ​ 27,635 ​ ​ (4,927) Corporate securities ​ ​ 14,828 ​ ​ (1,172) ​ ​ — ​ ​ — ​ ​ 14,828 ​ ​ (1,172) Collateralized loan obligations ​ ​ — ​ ​ — ​ ​ 4,876 ​ ​ (146) ​ ​ 4,876 ​ ​ (146) Residential government-sponsored collateralized mortgage obligations ​ ​ 22,343 ​ ​ (1,375) ​ ​ 4,252 ​ ​ (673) ​ ​ 26,595 ​ ​ (2,048) Government-sponsored agency securities ​ 1,484 ​ (16) ​ 13,132 ​ (3,087) ​ 14,616 ​ (3,103) Agency commercial mortgage-backed securities ​ 13,031 ​ (371) ​ 24,386 ​ (4,392) ​ 37,417 ​ (4,763) SBA pool securities ​ 529 ​ (38) ​ 3,243 ​ (49) ​ 3,772 ​ (87) Total ​ $ 85,725 ​ $ (5,628) ​ $ 146,781 ​ $ (27,109) ​ $ 232,506 ​ $ (32,737) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 months ​ 12 Months or More ​ Total December 31, 2022 Fair Unrecognized Fair Unrecognized Fair Unrecognized Held-to-Maturity ​ value ​ Losses ​ value ​ Losses ​ value ​ Losses Residential government-sponsored mortgage-backed securities ​ $ 9,457 ​ $ (1,002) ​ $ 58 ​ $ (5) ​ $ 9,515 ​ $ (1,007) Obligations of states and political subdivisions ​ 1,255 ​ (46) ​ — ​ — ​ 1,255 ​ (46) Residential government-sponsored collateralized mortgage obligations ​ 75 ​ (4) ​ 181 ​ (17) ​ 256 ​ (21) Total ​ $ 10,787 ​ $ (1,052) ​ $ 239 ​ $ (22) ​ $ 11,026 ​ $ (1,074) ​

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of loans, net of unearned income	The following table summarizes the composition of our loan portfolio as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 Loans held for sale, at fair value ​ $ 57,691 ​ $ 27,626 ​ ​ ​ ​ ​ ​ ​ Loans held for investment ​ ​ ​ ​ ​ ​ Loans secured by real estate: ​ ​ ​ ​ ​ Commercial real estate - owner occupied (1) ​ $ 455,397 ​ $ 459,866 Commercial real estate - non-owner occupied ​ 578,600 ​ 579,733 Secured by farmland ​ 5,044 ​ 5,970 Construction and land development ​ 164,742 ​ 148,690 Residential 1-4 family ​ 606,226 ​ 609,694 Multi-family residential ​ 127,857 ​ 140,321 Home equity lines of credit ​ 59,670 ​ 65,152 Total real estate loans ​ 1,997,536 ​ 2,009,426 ​ ​ ​ ​ ​ ​ ​ Commercial loans (2) ​ 602,623 ​ 520,741 Paycheck Protection Program loans ​ ​ 2,023 ​ ​ 4,564 Consumer loans ​ 611,583 ​ 405,278 Total Non-PCD loans ​ 3,213,765 ​ 2,940,009 PCD loans ​ ​ 5,649 ​ ​ 6,628 Total loans held for investment ​ $ 3,219,414 ​ $ 2,946,637 ​ ​ ​ ​ ​ ​ ​ (1) Includes $7.7 million related to loans collateralizing secured borrowings . (2) Includes $12.8 million related to loans collateralizing secured borrowings .
Schedule of details of aging of the recorded investment in past due loans by class of loans	​ The following tables present the aging of the recorded investment in past due loans by class of loans held for investment as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 - 59 60 - 89 90 ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ Days ​ Total ​ Loans Not ​ Total December 31, 2023 ​ Past Due ​ Past Due ​ or More ​ Past Due ​ Past Due ​ Loans Commercial real estate - owner occupied ​ $ 75 ​ $ — ​ $ 219 ​ $ 294 ​ $ 455,103 ​ $ 455,397 Commercial real estate - non-owner occupied ​ 1,155 ​ — ​ ​ — ​ 1,155 ​ 577,445 ​ 578,600 Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,044 ​ ​ 5,044 Construction and land development ​ 26 ​ ​ 143 ​ ​ — ​ ​ 169 ​ ​ 164,573 ​ 164,742 Residential 1-4 family ​ 1,850 ​ ​ 838 ​ ​ 1,376 ​ ​ 4,064 ​ ​ 602,162 ​ 606,226 Multi- family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 127,857 ​ ​ 127,857 Home equity lines of credit ​ 416 ​ ​ 378 ​ 556 ​ ​ 1,350 ​ ​ 58,320 ​ 59,670 Commercial loans ​ ​ 40 ​ ​ 588 ​ ​ 1,203 ​ ​ 1,831 ​ ​ 600,792 ​ ​ 602,623 Paycheck Protection Program loans ​ ​ 18 ​ ​ — ​ ​ 1,714 ​ ​ 1,732 ​ ​ 291 ​ ​ 2,023 Consumer loans ​ 3,805 ​ ​ 2,093 ​ ​ 310 ​ 6,208 ​ 605,375 ​ 611,583 Total Non-PCD loans ​ ​ 7,385 ​ ​ 4,040 ​ ​ 5,378 ​ ​ 16,803 ​ ​ 3,196,962 ​ ​ 3,213,765 PCD loans ​ ​ 2,061 ​ ​ 128 ​ ​ 1,241 ​ ​ 3,430 ​ ​ 2,219 ​ ​ 5,649 Total ​ $ 9,446 ​ $ 4,168 ​ $ 6,619 ​ $ 20,233 ​ $ 3,199,181 ​ $ 3,219,414 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30 - 59 60 - 89 90 ​ ​ ​ ​ ​ ​ ​ ​ Days ​ Days ​ Days ​ Total ​ Loans Not ​ Total ​ December 31, 2022 ​ Past Due ​ Past Due ​ or More ​ Past Due ​ Past Due ​ Loans ​ Commercial real estate - owner occupied ​ $ 55 ​ $ — ​ $ — ​ $ 55 ​ $ 459,811 ​ $ 459,866 ​ Commercial real estate - non-owner occupied ​ 290 ​ 169 ​ ​ 19,641 ​ 20,100 ​ 559,633 ​ 579,733 ​ Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,970 ​ ​ 5,970 ​ Construction and land development ​ 46 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ 148,644 ​ 148,690 ​ Residential 1-4 family ​ 2,180 ​ ​ 410 ​ ​ 304 ​ ​ 2,894 ​ ​ 606,800 ​ 609,694 ​ Multi- family residential ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 140,321 ​ ​ 140,321 ​ Home equity lines of credit ​ 431 ​ ​ 96 ​ 249 ​ ​ 776 ​ ​ 64,376 ​ 65,152 ​ Commercial loans ​ ​ 39 ​ ​ — ​ ​ 2,956 ​ ​ 2,995 ​ ​ 517,746 ​ ​ 520,741 ​ Paycheck Protection Program loans ​ ​ 16 ​ ​ 15 ​ ​ 3,360 ​ ​ 3,391 ​ ​ 1,173 ​ ​ 4,564 ​ Consumer loans ​ 2,079 ​ ​ 1,421 ​ ​ 200 ​ 3,700 ​ 401,578 ​ 405,278 ​ Total Non-PCD loans ​ ​ 5,136 ​ ​ 2,111 ​ ​ 26,710 ​ ​ 33,957 ​ ​ 2,906,052 ​ ​ 2,940,009 ​ PCD loans ​ ​ — ​ ​ — ​ ​ 1,328 ​ ​ 1,328 ​ ​ 5,300 ​ ​ 6,628 ​ Total ​ $ 5,136 ​ $ 2,111 ​ $ 28,038 ​ $ 35,285 ​ $ 2,911,352 ​ $ 2,946,637 ​ ​ ​ ​ The amortized cost, by class, of loans and leases on nonaccrual status at December 31, 2023 and 2022, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ Less Than Total Nonaccrual With ​ ​ Past Due ​ ​ 90 Days ​ Nonaccrual ​ No Credit December 31, 2023 ​ or More ​ ​ Past Due ​ Loans ​ Loss Allowance Commercial real estate - owner occupied ​ $ 219 ​ $ 469 ​ $ 688 ​ $ 688 Secured by farmland ​ ​ — ​ ​ 480 ​ ​ 480 ​ ​ 480 Construction and land development ​ — ​ 23 ​ 23 ​ 23 Residential 1-4 family ​ 1,376 ​ 1,437 ​ 2,813 ​ 2,813 Home equity lines of credit ​ ​ 556 ​ ​ 571 ​ ​ 1,127 ​ ​ 1,127 Commercial loans ​ 1,203 ​ 576 ​ 1,779 ​ 207 Consumer loans ​ 310 ​ 634 ​ 944 ​ 944 Total Non-PCD loans ​ ​ 3,664 ​ ​ 4,190 ​ ​ 7,854 ​ ​ 6,282 PCD loans ​ ​ 1,241 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 Total ​ $ 4,905 ​ $ 4,190 ​ $ 9,095 ​ $ 7,523 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ Less Than Total Nonaccrual With ​ ​ Past Due ​ ​ 90 Days ​ Nonaccrual ​ No Credit December 31, 2022 ​ or More ​ ​ Past Due ​ Loans ​ Loss Allowance Commercial real estate - owner occupied ​ $ — ​ $ 509 ​ $ 509 ​ $ 509 Commercial real estate - non-owner occupied ​ 19,641 ​ — ​ 19,641 ​ 19,641 Secured by farmland ​ ​ — ​ ​ 713 ​ ​ 713 ​ ​ 713 Construction and land development ​ — ​ 29 ​ 29 ​ 29 Residential 1-4 family ​ 304 ​ 8,995 ​ 9,299 ​ 9,299 Home equity lines of credit ​ ​ 249 ​ ​ 301 ​ ​ 550 ​ ​ 550 Commercial loans ​ 2,956 ​ 121 ​ 3,077 ​ 121 Paycheck Protection Program loans ​ ​ — ​ ​ 4 ​ ​ 4 ​ ​ 4 Consumer loans ​ 200 ​ 134 ​ 334 ​ 299 Total Non-PCD loans ​ ​ 23,350 ​ ​ 10,806 ​ ​ 34,156 ​ ​ 31,165 PCD loans ​ ​ 1,328 ​ ​ — ​ ​ 1,328 ​ ​ 1,328 Total ​ $ 24,678 ​ $ 10,806 ​ $ 35,484 ​ $ 32,493
Schedule of nonaccrual loans	​ The following table presents nonaccrual loans as of December 31, 2023 by class and year of origination (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ $ — ​ $ — ​ $ 219 ​ $ — ​ $ — ​ $ 469 ​ $ — ​ $ — ​ $ 688 Secured by farmland ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 480 ​ ​ — ​ ​ — ​ ​ 480 Construction and land development ​ — ​ — ​ — ​ — ​ — ​ 23 ​ — ​ — ​ 23 Residential 1-4 family ​ ​ — ​ 585 ​ ​ — ​ ​ 40 ​ ​ 160 ​ ​ 1,811 ​ ​ — ​ ​ 217 ​ ​ 2,813 Home equity lines of credit ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ 1,035 ​ ​ 17 ​ ​ 1,127 Commercial loans ​ — ​ — ​ 383 ​ — ​ — ​ 1,049 ​ — ​ 347 ​ 1,779 Consumer loans ​ ​ 7 ​ 453 ​ ​ 474 ​ ​ — ​ ​ 9 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 944 Total non-PCD nonaccruals ​ ​ 7 ​ ​ 1,038 ​ ​ 1,076 ​ ​ 40 ​ ​ 169 ​ ​ 3,908 ​ ​ 1,035 ​ ​ 581 ​ ​ 7,854 PCD loans ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,241 ​ ​ — ​ ​ — ​ ​ 1,241 Total nonaccrual loans ​ $ 7 ​ $ 1,038 ​ $ 1,076 ​ $ 40 ​ $ 169 ​ $ 5,149 ​ $ 1,035 ​ $ 581 ​ $ 9,095
Schedule of the risk category of loans by class of loans	The following table presents weighted-average risk grades for all loans, by class and year of origination/renewal as of December 31, 2023 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 42,262 ​ $ 97,259 ​ $ 61,316 ​ $ 17,914 ​ $ 23,675 ​ $ 191,674 ​ $ 4,054 ​ $ 6,503 ​ $ 444,657 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 5,368 ​ ​ — ​ ​ — ​ ​ 5,368 Substandard ​ ​ — ​ ​ — ​ ​ 219 ​ ​ — ​ ​ 95 ​ ​ 5,058 ​ ​ — ​ ​ — ​ ​ 5,372 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 42,262 ​ $ 97,259 ​ $ 61,535 ​ $ 17,914 ​ $ 23,770 ​ $ 202,100 ​ $ 4,054 ​ $ 6,503 ​ $ 455,397 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.52 ​ ​ 3.35 ​ ​ 3.44 ​ ​ 3.38 ​ ​ 3.37 ​ ​ 3.54 ​ ​ 3.46 ​ ​ 3.97 ​ ​ 3.48 Commercial real estate - nonowner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 19,474 ​ $ 65,355 ​ $ 119,065 ​ $ 42,781 ​ $ 37,446 ​ $ 282,497 ​ $ 1,847 ​ $ 5,856 ​ $ 574,321 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,529 ​ ​ — ​ ​ 2,750 ​ ​ — ​ ​ — ​ ​ 4,279 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 19,474 ​ $ 65,355 ​ $ 119,065 ​ $ 44,310 ​ $ 37,446 ​ $ 285,247 ​ $ 1,847 ​ $ 5,856 ​ $ 578,600 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,170 ​ $ — ​ $ — ​ $ 1,170 Weighted average risk grade ​ ​ 3.09 ​ ​ 3.35 ​ ​ 3.08 ​ ​ 3.83 ​ ​ 3.95 ​ ​ 3.64 ​ ​ 3.44 ​ ​ 2.86 ​ ​ 3.50 Secured by farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 361 ​ $ — ​ $ 10 ​ $ 98 ​ $ — ​ $ 3,333 ​ $ 607 ​ $ 155 ​ $ 4,564 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 480 ​ ​ — ​ ​ — ​ ​ 480 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 361 ​ $ — ​ $ 10 ​ $ 98 ​ $ — ​ $ 3,813 ​ $ 607 ​ $ 155 ​ $ 5,044 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ ​ ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.81 ​ ​ N/A ​ ​ 4.00 ​ ​ 4.00 ​ ​ N/A ​ ​ 4.04 ​ ​ 4.00 ​ ​ 3.11 ​ ​ 3.99 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 32,496 ​ $ 41,304 ​ $ 72,337 ​ $ 512 ​ $ 2,478 ​ $ 13,912 ​ $ 727 ​ $ 1 ​ $ 163,767 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 952 ​ ​ — ​ ​ — ​ ​ 952 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ ​ — ​ ​ 23 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 32,496 ​ $ 41,304 ​ $ 72,337 ​ $ 512 ​ $ 2,478 ​ $ 14,887 ​ $ 727 ​ $ 1 ​ $ 164,742 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ 2 Weighted average risk grade ​ ​ 3.44 ​ ​ 3.06 ​ ​ 3.40 ​ ​ 3.37 ​ ​ 3.29 ​ ​ 3.44 ​ ​ 3.41 ​ ​ 4.00 ​ ​ 3.33 Residential 1-4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 37,097 ​ $ 163,464 ​ $ 148,845 ​ $ 40,697 ​ $ 56,117 ​ $ 148,066 ​ $ 3,293 ​ $ 2,499 ​ $ 600,078 Special Mention ​ ​ — ​ ​ 1,036 ​ ​ — ​ ​ — ​ ​ — ​ ​ 511 ​ ​ — ​ ​ — ​ ​ 1,547 Substandard ​ ​ — ​ ​ 585 ​ ​ — ​ ​ 40 ​ ​ 160 ​ ​ 3,328 ​ ​ — ​ ​ 488 ​ ​ 4,601 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 37,097 ​ $ 165,085 ​ $ 148,845 ​ $ 40,737 ​ $ 56,277 ​ $ 151,905 ​ $ 3,293 ​ $ 2,987 ​ $ 606,226 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 572 ​ $ 198 ​ $ — ​ $ — ​ $ 770 Weighted average risk grade ​ ​ 3.10 ​ ​ 3.10 ​ ​ 3.04 ​ ​ 3.07 ​ ​ 3.08 ​ ​ 3.25 ​ ​ 3.62 ​ ​ 3.50 ​ ​ 3.12 Multi- family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 544 ​ $ 8,105 ​ $ 21,404 ​ $ 17,738 ​ $ 6,925 ​ $ 68,238 ​ $ 3,360 ​ $ 619 ​ $ 126,933 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 637 ​ ​ — ​ ​ 287 ​ ​ 924 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 544 ​ $ 8,105 ​ $ 21,404 ​ $ 17,738 ​ $ 6,925 ​ $ 68,875 ​ $ 3,360 ​ $ 906 ​ $ 127,857 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ 3.00 ​ ​ 3.70 ​ ​ 3.00 ​ ​ 3.91 ​ ​ 3.00 ​ ​ 3.35 ​ ​ 3.97 ​ ​ 4.63 ​ ​ 3.40 Home equity lines of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 521 ​ $ 487 ​ $ 417 ​ $ 48 ​ $ 72 ​ $ 3,012 ​ $ 52,923 ​ $ 856 ​ $ 58,336 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 111 ​ ​ — ​ ​ 111 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 75 ​ ​ 1,131 ​ ​ 17 ​ ​ 1,223 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 521 ​ $ 487 ​ $ 417 ​ $ 48 ​ $ 72 ​ $ 3,087 ​ $ 54,165 ​ $ 873 ​ $ 59,670 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 32 ​ $ — ​ $ 32 Weighted average risk grade ​ ​ 3.01 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.95 ​ ​ 3.10 ​ ​ 3.93 ​ ​ 3.15 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 155,238 ​ $ 269,011 ​ $ 50,804 ​ $ 5,683 ​ $ 2,370 ​ $ 30,240 ​ $ 78,984 ​ $ 7,104 ​ $ 599,434 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ 21 ​ ​ 114 ​ ​ — ​ ​ 1,180 ​ ​ — ​ ​ 1,315 Substandard ​ ​ — ​ ​ — ​ ​ 383 ​ ​ 212 ​ ​ 56 ​ ​ 1,223 ​ ​ — ​ ​ — ​ ​ 1,874 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 155,238 ​ $ 269,011 ​ $ 51,187 ​ $ 5,916 ​ $ 2,540 ​ $ 31,463 ​ $ 80,164 ​ $ 7,104 ​ $ 602,623 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ 17 ​ $ — ​ $ 1,240 ​ $ 1,597 ​ $ — ​ $ 2,854 Weighted average risk grade ​ ​ 2.97 ​ ​ 3.10 ​ ​ 3.35 ​ ​ 3.41 ​ ​ 4.02 ​ ​ 3.50 ​ ​ 3.26 ​ ​ 3.70 ​ ​ 3.14 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 2019 ​ Prior ​ Loans ​ To Term Total Paycheck Protection Program loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ 1,087 ​ $ 936 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,023 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ 1,087 ​ $ 936 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,023 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ 2.00 ​ ​ 2.00 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 2.00 Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 294,825 ​ $ 277,640 ​ $ 25,695 ​ $ 916 ​ $ 89 ​ $ 3,661 ​ $ 6,998 ​ $ 368 ​ $ 610,192 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 63 ​ ​ — ​ ​ — ​ ​ 63 Substandard ​ ​ 8 ​ ​ 831 ​ ​ 479 ​ ​ — ​ ​ 9 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 1,328 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 294,833 ​ $ 278,471 ​ $ 26,174 ​ $ 916 ​ $ 98 ​ $ 3,725 ​ $ 6,998 ​ $ 368 ​ $ 611,583 Current period gross charge offs ​ $ 2,379 ​ $ 7,910 ​ $ 621 ​ $ 3 ​ $ — ​ $ 944 ​ $ 9 ​ $ ​ ​ $ 11,866 Weighted average risk grade ​ ​ 3.43 ​ ​ 2.59 ​ ​ 3.55 ​ ​ 4.00 ​ ​ 4.13 ​ ​ 5.81 ​ ​ 2.80 ​ ​ N/A ​ ​ 3.06 PCD ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 2,842 ​ $ — ​ $ — ​ $ 2,842 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,295 ​ ​ — ​ ​ — ​ ​ 1,295 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,512 ​ ​ — ​ ​ — ​ ​ 1,512 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 5,649 ​ $ — ​ $ — ​ $ 5,649 Current period gross charge offs ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 4.66 ​ ​ N/A ​ ​ N/A ​ ​ 4.66 Total ​ $ 582,826 ​ $ 925,077 ​ $ 502,061 ​ $ 129,125 ​ $ 129,606 ​ $ 770,751 ​ $ 155,215 ​ $ 24,753 ​ $ 3,219,414 Current period gross charge offs ​ $ 2,379 ​ $ 7,910 ​ $ 621 ​ $ 20 ​ $ 572 ​ $ 3,554 ​ $ 1,638 ​ $ — ​ $ 16,694 Weighted average risk grade ​ ​ 3.28 ​ ​ 3.00 ​ ​ 3.20 ​ ​ 3.50 ​ ​ 3.40 ​ ​ 3.52 ​ ​ 3.22 ​ ​ 3.59 ​ ​ 3.26 ​ The following table presents weighted-average risk grades for all loans, by class and year of origination/renewal as of December 31, 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 2018 ​ Prior ​ Loans ​ To Term Total Commercial real estate - owner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 116,545 ​ $ 58,202 ​ $ 19,178 ​ $ 21,985 ​ $ 27,397 ​ $ 202,484 ​ $ 3,389 ​ $ 6,740 ​ $ 455,920 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 988 ​ ​ — ​ ​ — ​ ​ 988 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,958 ​ ​ — ​ ​ — ​ ​ 2,958 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 116,545 ​ $ 58,202 ​ $ 19,178 ​ $ 21,985 ​ $ 27,397 ​ $ 206,430 ​ $ 3,389 ​ $ 6,740 ​ $ 459,866 Weighted average risk grade ​ ​ 3.25 ​ ​ 3.45 ​ ​ 3.38 ​ ​ 3.27 ​ ​ 3.43 ​ ​ 3.50 ​ ​ 3.52 ​ ​ 3.96 ​ ​ 3.42 Commercial real estate - nonowner occupied ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 28,128 ​ $ 126,291 ​ $ 44,696 ​ $ 41,631 ​ $ 55,702 ​ $ 228,735 ​ $ 4,173 ​ $ 3,065 ​ $ 532,421 Special Mention ​ ​ — ​ ​ — ​ ​ 1,566 ​ ​ — ​ ​ 926 ​ ​ 24,580 ​ ​ — ​ ​ 601 ​ ​ 27,673 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 13,066 ​ ​ 6,573 ​ ​ — ​ ​ — ​ ​ 19,639 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 28,128 ​ $ 126,291 ​ $ 46,262 ​ $ 41,631 ​ $ 69,694 ​ $ 259,888 ​ $ 4,173 ​ $ 3,666 ​ $ 579,733 Weighted average risk grade ​ ​ 3.36 ​ ​ 3.16 ​ ​ 3.82 ​ ​ 3.95 ​ ​ 4.01 ​ ​ 3.82 ​ ​ 2.87 ​ ​ 3.33 ​ ​ 3.68 Secured by farmland ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 141 ​ $ 16 ​ $ 110 ​ $ — ​ $ — ​ $ 2,279 ​ $ 1,697 ​ $ 85 ​ $ 4,328 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 649 ​ ​ — ​ ​ 112 ​ ​ 761 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ 6 ​ ​ — ​ ​ 875 ​ ​ — ​ ​ — ​ ​ 881 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 141 ​ $ 16 ​ $ 110 ​ $ 6 ​ $ — ​ $ 3,803 ​ $ 1,697 ​ $ 197 ​ $ 5,970 Weighted average risk grade ​ ​ 4.00 ​ ​ 4.00 ​ ​ 4.00 ​ ​ 6.00 ​ ​ N/A ​ ​ 4.20 ​ ​ 3.98 ​ ​ 3.70 ​ ​ 4.13 Construction and land development ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 44,253 ​ $ 73,226 ​ $ 847 ​ $ 3,006 ​ $ 6,937 ​ $ 19,553 ​ $ 822 ​ $ 17 ​ $ 148,661 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 29 ​ ​ — ​ ​ — ​ ​ 29 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 44,253 ​ $ 73,226 ​ $ 847 ​ $ 3,006 ​ $ 6,937 ​ $ 19,582 ​ $ 822 ​ $ 17 ​ $ 148,690 Weighted average risk grade ​ ​ 3.21 ​ ​ 3.06 ​ ​ 3.60 ​ ​ 3.42 ​ ​ 3.17 ​ ​ 3.69 ​ ​ 3.36 ​ ​ 4.00 ​ ​ 3.20 Residential 1-4 family ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 152,178 ​ $ 157,233 ​ $ 43,812 ​ $ 61,268 ​ $ 40,707 ​ $ 138,782 ​ $ 1,837 ​ $ 3,437 ​ $ 599,254 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 30 ​ ​ — ​ ​ — ​ ​ 30 Substandard ​ ​ 285 ​ ​ — ​ ​ — ​ ​ 8,099 ​ ​ — ​ ​ 1,310 ​ ​ — ​ ​ 716 ​ ​ 10,410 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 152,463 ​ $ 157,233 ​ $ 43,812 ​ $ 69,367 ​ $ 40,707 ​ $ 140,122 ​ $ 1,837 ​ $ 4,153 ​ $ 609,694 Weighted average risk grade ​ ​ 3.09 ​ ​ 3.04 ​ ​ 3.07 ​ ​ 3.41 ​ ​ 3.13 ​ ​ 3.23 ​ ​ 3.92 ​ ​ 3.54 ​ ​ 3.15 Multi- family residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 9,953 ​ $ 21,927 ​ $ 18,338 ​ $ 7,064 ​ $ 1,804 ​ $ 75,370 ​ $ 4,192 ​ $ 676 ​ $ 139,324 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 702 ​ ​ — ​ ​ 295 ​ ​ 997 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 9,953 ​ $ 21,927 ​ $ 18,338 ​ $ 7,064 ​ $ 1,804 ​ $ 76,072 ​ $ 4,192 ​ $ 971 ​ $ 140,321 Weighted average risk grade ​ ​ 3.58 ​ ​ 3.00 ​ ​ 3.90 ​ ​ 3.00 ​ ​ 3.21 ​ ​ 3.31 ​ ​ 4.00 ​ ​ 4.61 ​ ​ 3.37 Home equity lines of credit ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 463 ​ $ 431 ​ $ 52 ​ $ 63 ​ $ 230 ​ $ 4,093 ​ $ 58,312 ​ $ 957 ​ $ 64,601 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 54 ​ ​ 476 ​ ​ 21 ​ ​ 551 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 463 ​ $ 431 ​ $ 52 ​ $ 63 ​ $ 230 ​ $ 4,147 ​ $ 58,788 ​ $ 978 ​ $ 65,152 Weighted average risk grade ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.00 ​ ​ 3.94 ​ ​ 3.05 ​ ​ 3.89 ​ ​ 3.12 Commercial loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 295,459 ​ $ 59,642 ​ $ 7,332 ​ $ 6,658 ​ $ 9,228 ​ $ 19,830 ​ $ 100,407 ​ $ 17,381 ​ $ 515,937 Special Mention ​ ​ — ​ ​ 396 ​ ​ 64 ​ ​ 74 ​ ​ — ​ ​ — ​ ​ 519 ​ ​ 388 ​ ​ 1,441 Substandard ​ ​ — ​ ​ — ​ ​ 5 ​ ​ 90 ​ ​ — ​ ​ 1,678 ​ ​ 1,590 ​ ​ — ​ ​ 3,363 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 295,459 ​ $ 60,038 ​ $ 7,401 ​ $ 6,822 ​ $ 9,228 ​ $ 21,508 ​ $ 102,516 ​ $ 17,769 ​ $ 520,741 Weighted average risk grade ​ ​ 3.14 ​ ​ 3.41 ​ ​ 3.38 ​ ​ 3.90 ​ ​ 3.42 ​ ​ 3.70 ​ ​ 3.47 ​ ​ 3.33 ​ ​ 3.29 Paycheck Protection Program loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ 2,119 ​ $ 2,435 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,554 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Substandard ​ ​ — ​ ​ 10 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 10 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ 2,129 ​ $ 2,435 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 4,564 Weighted average risk grade ​ ​ N/A ​ ​ 2.02 ​ ​ 2.00 ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 2.01 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Revolving ​ Converted ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ 2019 2018 ​ Prior ​ Loans ​ To Term Total Consumer loans ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ 365,842 ​ $ 29,184 ​ $ 1,493 ​ $ 340 ​ $ 534 ​ $ 4,319 ​ $ 2,918 ​ $ — ​ $ 404,630 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 65 ​ ​ — ​ ​ — ​ ​ 65 Substandard ​ ​ 70 ​ ​ 513 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 583 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 365,912 ​ $ 29,697 ​ $ 1,493 ​ $ 340 ​ $ 534 ​ $ 4,384 ​ $ 2,918 ​ $ — ​ $ 405,278 Weighted average risk grade ​ ​ 3.24 ​ ​ 3.74 ​ ​ 3.99 ​ ​ 3.98 ​ ​ 4.00 ​ ​ 4.02 ​ ​ 3.81 ​ ​ N/A ​ ​ 3.30 PCD ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 3,692 ​ $ — ​ $ — ​ $ 3,692 Special Mention ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,320 ​ ​ — ​ ​ — ​ ​ 1,320 Substandard ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,616 ​ ​ — ​ ​ — ​ ​ 1,616 Doubtful ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 6,628 ​ $ — ​ $ — ​ $ 6,628 Weighted average risk grade ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ N/A ​ ​ 4.54 ​ ​ N/A ​ ​ N/A ​ ​ 4.54 Total ​ $ 1,013,317 ​ $ 529,190 ​ $ 139,928 ​ $ 150,284 ​ $ 156,531 ​ $ 742,564 ​ $ 180,332 ​ $ 34,491 ​ $ 2,946,637 Weighted average risk grade ​ ​ 3.20 ​ ​ 3.19 ​ ​ 3.48 ​ ​ 3.54 ​ ​ 3.60 ​ ​ 3.57 ​ ​ 3.35 ​ ​ 3.53 ​ ​ 3.36 ​ Revolving loans that converted to term during 2023 and 2022 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ For the year ended December 31, 2022 Commercial real estate - owner occupied ​ $ 2 ​ ​ $ — Commercial real estate - non-owner occupied ​ ​ 2,865 ​ ​ ​ 3,065 Secured by farmland ​ ​ — ​ ​ ​ 198 Residential 1-4 family ​ ​ 133 ​ ​ ​ 1,492 Multi- family residential ​ ​ — ​ ​ ​ 676 Home equity lines of credit ​ ​ — ​ ​ ​ 832 Commercial loans ​ 684 ​ ​ 13,309 Consumer loans ​ 368 ​ ​ — Total loans ​ $ 4,052 ​ ​ $ 19,572
Schedule of allowance for loan losses and the recorded investment by portfolio segment	The following tables present details of the allowance for credit losses on loans segregated by loan portfolio segment as of December 31, 2023 and 2022, calculated in accordance with ASC 326 (in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ Home ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner ​ Non-owner ​ Secured by ​ and Land ​ 1-4 Family ​ Multi-Family ​ Lines Of ​ Commercial ​ Consumer ​ PCD ​ ​ December 31, 2023 ​ Occupied ​ Occupied ​ Farmland ​ Development ​ Residential ​ Residential ​ Credit ​ Loans ​ Loans ​ Loans ​ Total Modeled expected credit losses ​ $ 3,981 ​ $ 5,024 ​ $ 2 ​ $ 745 ​ $ 4,559 ​ $ 1,144 ​ $ 332 ​ $ 4,493 ​ $ 20,098 ​ $ — ​ $ 40,378 Q-factor and other qualitative adjustments ​ ​ 274 ​ ​ 798 ​ ​ 29 ​ ​ 384 ​ ​ 379 ​ ​ 446 ​ ​ 32 ​ ​ 1,246 ​ ​ — ​ ​ — ​ ​ 3,588 Specific allocations ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 581 ​ ​ 5,990 ​ ​ 1,672 ​ 8,243 Total ​ $ 4,255 ​ $ 5,822 ​ $ 31 ​ $ 1,129 ​ $ 4,938 ​ $ 1,590 ​ $ 364 ​ $ 6,320 ​ $ 26,088 ​ $ 1,672 ​ $ 52,209 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ Home ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ Real Estate ​ ​ ​ Construction ​ ​ ​ ​ ​ ​ ​ Equity ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Owner ​ Non-owner ​ Secured by ​ and Land ​ 1-4 Family ​ Multi-Family ​ Lines Of ​ Commercial ​ Consumer ​ PCD ​ ​ December 31, 2022 ​ Occupied ​ Occupied ​ Farmland ​ Development ​ Residential ​ Residential ​ Credit ​ Loans ​ Loans ​ Loans ​ Total Modeled expected credit losses ​ $ 5,297 $ 6,652 $ 4 $ 997 $ 3,579 $ 1,814 $ 310 $ 5,006 $ 3,851 $ — ​ $ 27,510 Q-factor and other qualitative adjustments ​ ​ 261 ​ ​ 495 ​ ​ 21 ​ ​ 376 ​ ​ 512 ​ ​ 387 ​ ​ 19 ​ ​ 654 ​ ​ 2 ​ ​ — ​ ​ 2,727 Specific allocations ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,193 ​ ​ 42 ​ ​ 2,072 ​ 4,307 Total ​ $ 5,558 ​ $ 7,147 ​ $ 25 ​ $ 1,373 ​ $ 4,091 ​ $ 2,201 ​ $ 329 ​ $ 7,853 ​ $ 3,895 ​ $ 2,072 ​ $ 34,544 ​ Activity in the allowance for credit losses by class of loan for the years ended December 31, 2023 and 2022 is summarized below (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate Real Estate ​ Construction ​ ​ ​ ​ Home Equity ​ ​ ​ ​ ​ ​ ​ Owner Non-owner Secured by and Land 1-4 Family Multi-Family Lines Of Commercial Consumer PCD ​ Year Ended December 31, 2023 Occupied Occupied Farmland Development Residential Residential Credit Loans Loans Loans Total Allowance for credit losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance $ 5,558 $ 7,147 $ 25 $ 1,373 $ 4,091 $ 2,201 $ 329 $ 7,853 $ 3,895 $ 2,072 $ 34,544 Provision (recovery) ​ (1,303) ​ (265) ​ 6 ​ (354) ​ 1,453 ​ (611) ​ 62 ​ 373 ​ 33,579 ​ (400) ​ 32,540 Charge offs — (1,170) — (2) (770) — (32) (2,854) (11,866) — (16,694) Recoveries — 110 — 112 164 — 5 948 480 ​ — 1,819 Ending balance $ 4,255 $ 5,822 $ 31 $ 1,129 $ 4,938 $ 1,590 $ 364 $ 6,320 $ 26,088 $ 1,672 $ 52,209 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for credit losses: Beginning balance $ 4,562 $ 9,028 $ 56 $ 998 $ 3,588 $ 3,280 $ 437 $ 4,088 $ 787 $ 2,281 $ 29,105 Provision (recovery) ​ 1,010 ​ 2,644 ​ (31) ​ 375 ​ 444 ​ (1,079) ​ (97) ​ 3,167 ​ 5,047 ​ (209) ​ 11,271 Charge offs (14) (5,027) — — — — (14) (1,040) (1,974) — (8,069) Recoveries — 502 — — 59 — 3 1,638 35 ​ — 2,237 Ending balance $ 5,558 $ 7,147 $ 25 $ 1,373 $ 4,091 $ 2,201 $ 329 $ 7,853 $ 3,895 $ 2,072 $ 34,544 ​
Schedule of collateral dependent loans and non-collateral dependent loans	The following table presents a breakdown between loans that were evaluated on an individual basis and identified as collateral dependent loans and non-collateral dependent loans, by loan portfolio segment and their collateral value as of December 31, 2023 and 2022 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ ​ ​ ​ Non ​ ​ ​ Non ​ ​ Collateral ​ Collateral ​ Collateral ​ Collateral ​ ​ Dependent ​ Dependent ​ Dependent ​ Dependent ​ ​ Assets ​ Assets ​ Assets ​ Assets Commercial real estate - owner occupied ​ $ 5,986 ​ $ — ​ $ 4,129 ​ $ — Commercial real estate - non-owner occupied ​ 1,365 ​ — ​ 26,108 ​ — Secured by farmland ​ ​ 1,338 ​ ​ — ​ ​ 1,352 ​ ​ — Construction and land development ​ 65 ​ — ​ 72 ​ — Residential 1-4 family ​ ​ 3,512 ​ ​ — ​ ​ 10,874 ​ ​ — Multi- family residential ​ ​ 925 ​ ​ — ​ ​ 998 ​ ​ — Home equity lines of credit ​ ​ 289 ​ ​ — ​ ​ 20 ​ ​ — Commercial loans ​ 2,097 ​ — ​ 4,279 ​ 16 Consumer loans ​ ​ — ​ ​ 393 ​ ​ — ​ ​ 261 Total loans ​ $ 15,577 ​ $ 393 ​ $ 47,832 ​ $ 277 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Collateral value ​ $ 30,907 ​ $ 12 ​ $ 79,543 ​ $ 224

DERIVATIVES (Tables)

DERIVATIVES (Tables)	12 Months Ended
	Dec. 31, 2023
DERIVATIVES
Schedule of derivative and non-derivative financial instruments	The following summarizes derivative and non-derivative financial instruments as of December 31, 2023 and 2022 ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Fair ​ Notional Derivative financial instruments: ​ Value ​ Amount Derivative assets (1) ​ $ 611 ​ $ 23,077 Derivative liabilities ​ $ 200 ​ $ 62,250 (1) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ Fair ​ Notional Non-derivative financial instruments: ​ Value ​ Amount Best efforts assets ​ $ 91 ​ $ 4,677 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair ​ Notional Derivative financial instruments: ​ Value ​ Amount Derivative assets (1) ​ $ 921 ​ $ 25,368 Derivative liabilities ​ $ 98 ​ $ 25,028 (1) ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair ​ Notional Non-derivative financial instruments: ​ Value ​ Amount Best efforts assets ​ $ 18 ​ $ 2,658
Consumer program derivative
DERIVATIVES
Schedule of key unobservable inputs used in determining the fair value	The most significant inputs and assumptions in determining the value of the derivative are noted below ($ in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Weighted ​ ​ Low ​ High ​ Average Remaining cumulative charge-offs ​ $ 25,661 ​ $ 35,334 ​ $ n/a Remaining cumulative promotional prepayments ​ $ 41,085 ​ $ 75,086 ​ $ 49,716 Average life (years) ​ n/a ​ n/a ​ 1.0 Discount rate ​ 4.63% ​ 14.64% ​ 14.64% ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Weighted ​ ​ Low ​ High ​ Average Remaining cumulative charge-offs ​ $ — ​ $ 6,777 ​ $ n/a Remaining cumulative promotional prepayments ​ $ 26,211 ​ $ 47,902 ​ $ 30,251 Average life (years) ​ n/a ​ n/a ​ 2.2 Discount rate ​ 4.21% ​ 14.25% ​ 8.53%
IRLCs
DERIVATIVES
Schedule of key unobservable inputs used in determining the fair value	The key unobservable inputs used in determining the fair value of IRLCs are as follows for the year ended December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ 2023 Inputs Average pullthrough rates ​ 77.20 % Average costs to originate ​ 1.36 % ​ ​ ​ ​ ​ ​ 2022 Inputs Average pullthrough rates ​ 80.78 % Average costs to originate ​ 4.77 %

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2023
FAIR VALUE
Schedule of assets measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 96,808 ​ $ — ​ $ 96,808 ​ $ — Obligations of states and political subdivisions ​ 30,080 ​ — ​ 30,080 ​ — Corporate securities ​ 14,048 ​ — ​ 14,048 ​ — Collateralized loan obligations ​ 4,982 ​ — ​ 4,982 ​ — Residential government-sponsored collateralized mortgage obligations ​ 34,471 ​ — ​ 34,471 ​ — Government-sponsored agency securities ​ 13,711 ​ — ​ 13,711 ​ — Agency commercial mortgage-backed securities ​ 30,110 ​ — ​ 30,110 ​ — SBA pool securities ​ 4,210 ​ — ​ 4,210 ​ — ​ ​ 228,420 ​ — ​ 228,420 ​ — Loans held for investment ​ ​ 248,906 ​ ​ — ​ ​ 248,906 ​ ​ — Loans held for sale ​ ​ 57,691 ​ — ​ 57,691 ​ — Consumer Program derivative ​ ​ 10,806 ​ ​ — ​ ​ — ​ ​ 10,806 Mortgage banking financial assets ​ ​ 91 ​ — ​ — ​ 91 Mortgage banking derivative assets ​ ​ 611 ​ — ​ — ​ ​ 611 Interest rate swaps ​ ​ 1,068 ​ ​ — ​ ​ 1,068 ​ ​ — Total assets ​ $ 547,593 ​ $ — ​ $ 536,085 ​ $ 11,508 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Mortgage banking derivative liabilities ​ $ 200 ​ ​ — ​ $ — ​ $ 200 Total liabilities ​ $ 200 ​ $ — ​ $ — ​ $ 200 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2022 (Level 1) (Level 2) (Level 3) Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available-for-sale securities ​ ​ ​ ​ Residential government-sponsored mortgage-backed securities ​ $ 102,881 ​ $ — ​ $ 102,881 ​ $ — Obligations of states and political subdivisions ​ 29,178 ​ — ​ 29,178 ​ — Corporate securities ​ 14,828 ​ — ​ 14,828 ​ — Collateralized loan obligations ​ 4,876 ​ — ​ 4,876 ​ — Residential government-sponsored collateralized mortgage obligations ​ 26,595 ​ — ​ 26,595 ​ — Government-sponsored agency securities ​ 14,616 ​ — ​ 14,616 ​ — Agency commercial mortgage-backed securities ​ 37,417 ​ — ​ 37,417 ​ — SBA pool securities ​ 5,924 ​ — ​ 5,924 ​ — ​ ​ ​ 236,315 ​ — ​ 236,315 ​ — Loans held for sale ​ ​ 27,626 ​ — ​ 27,626 ​ — Mortgage banking financial assets ​ ​ 21 ​ — ​ — ​ 21 Mortgage banking derivative assets ​ ​ 945 ​ — ​ 921 ​ 24 Total assets ​ $ 264,907 ​ $ — ​ $ 264,862 ​ $ 45 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer Program derivative ​ $ 473 ​ $ — ​ $ — ​ $ 473 Mortgage banking financial liabilities ​ ​ 4 ​ ​ — ​ ​ — ​ ​ 4 Mortgage banking derivative liabilities ​ ​ 122 ​ ​ — ​ ​ 115 ​ ​ 7 Total liabilities ​ $ 599 ​ $ — ​ $ 115 ​ $ 484 ​
Schedule of assets measured at fair value on non recurring basis	Assets measured at fair value on a non-recurring basis are summarized below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2023 (Level 1) (Level 2) (Level 3) Collateral dependent loans ​ $ 15,577 ​ $ — ​ $ — $ 15,577 Assets held for sale ​ ​ 6,735 ​ ​ — ​ ​ — ​ ​ 6,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements Using ​ ​ ​ ​ ​ ​ ​ ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices in ​ Other ​ Significant ​ ​ ​ ​ ​ Active Markets for ​ Observable ​ Unobservable ​ ​ Total at ​ Identical Assets ​ Inputs ​ Inputs (dollars in thousands) December 31, 2022 (Level 1) (Level 2) (Level 3) Collateral dependent loans ​ $ 47,832 ​ $ — ​ $ — $ 47,832 Assets held for sale ​ ​ 3,115 ​ ​ — ​ ​ — ​ ​ 3,115 ​
Schedule of estimated fair values and fair value hierarchy levels of financial instruments	The carrying amount, estimated fair values and fair value hierarchy levels (previously defined) of financial instruments were as follows (in thousands) for the periods indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ December 31, 2022 ​ Fair Value Carrying Fair Carrying Fair ​ ​ Hierarchy Level ​ Amount ​ Value ​ Amount ​ Value Financial assets: ​ ​ ​ ​ Cash and cash equivalents Level 1 ​ $ 77,553 ​ $ 77,553 ​ $ 77,859 ​ $ 77,859 Securities available-for-sale Level 2 ​ 228,420 ​ 228,420 ​ 236,315 ​ 236,315 Securities held-to-maturity Level 2 ​ 11,650 ​ 10,839 ​ 13,520 ​ 12,449 Stock in Federal Reserve Bank and Federal Home Loan Bank Level 2 ​ 14,246 ​ 14,246 ​ 25,815 ​ 25,815 Preferred investment in mortgage company Level 2 ​ 3,005 ​ ​ 3,005 ​ 3,005 ​ ​ 3,005 Net loans Level 2 and 3 ​ 3,167,205 ​ 3,068,663 ​ 2,912,093 ​ 2,809,163 Loans held for sale Level 2 ​ 57,691 ​ ​ 57,691 ​ 27,626 ​ ​ 27,626 Consumer Program derivative ​ Level 3 ​ ​ 10,806 ​ ​ 10,806 ​ ​ — ​ ​ — Mortgage banking financial assets ​ Level 3 ​ ​ 91 ​ ​ 91 ​ ​ 21 ​ ​ 21 Mortgage banking derivative assets Level 2 and 3 ​ 611 ​ 611 ​ 945 ​ 945 Interest rate swaps ​ Level 2 ​ ​ 1,068 ​ ​ 1,068 ​ ​ — ​ ​ — Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ Demand deposits and NOW accounts Level 2 ​ $ 1,245,969 ​ $ 1,245,969 ​ $ 1,200,259 ​ $ 1,200,259 Money market and savings accounts Level 2 ​ 1,578,288 ​ 1,578,288 ​ 1,057,151 ​ 1,057,151 Time deposits Level 3 ​ 445,898 ​ 443,765 ​ 465,057 ​ 462,376 Securities sold under agreements to repurchase Level 1 ​ 3,044 ​ 3,044 ​ 6,445 ​ 6,445 FHLB advances Level 1 ​ 30,000 ​ 30,000 ​ 325,000 ​ 325,000 Junior subordinated debt Level 2 ​ 9,830 ​ 9,039 ​ 9,781 ​ 9,181 Senior subordinated notes Level 2 ​ 85,765 ​ 84,513 ​ 85,531 ​ 84,347 Secured borrowings ​ Level 3 ​ ​ 20,393 ​ ​ 20,393 ​ ​ — ​ ​ — Consumer Program derivative ​ Level 3 ​ ​ — ​ ​ — ​ ​ 473 ​ ​ 473 Mortgage banking financial liabilities ​ Level 3 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 4 Mortgage banking derivative liabilities Level 2 and 3 ​ 200 ​ 200 ​ 122 ​ 122 ​

BANK PREMISES AND EQUIPMENT (Ta

BANK PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2023
BANK PREMISES AND EQUIPMENT
Schedule of bank premises and equipment	Bank premises and equipment as of December 31, 2023 and 2022 were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 Land ​ $ 4,867 ​ $ 7,112 Land improvements ​ 1,502 ​ 1,558 Building and improvements ​ 18,131 ​ 20,475 Leasehold improvements ​ 3,885 ​ 3,033 Furniture, fixtures, equipment and software ​ 9,730 ​ 11,341 Construction in progress ​ 30 ​ 139 ​ ​ 38,145 ​ 43,658 Less accumulated depreciation and amortization ​ 17,534 ​ 18,401 Bank premises and equipment, net ​ $ 20,611 ​ $ 25,257 ​

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
LEASES
Schedule of operating lease other information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended ​ ​ ​ December 31, 2023 ​ ​ December 31, 2022 ​ Other information: ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average remaining lease term - operating leases, in years ​ ​ 7.2 ​ ​ ​ 4.9 ​ Weighted-average discount rate - operating leases ​ 3.9 % ​ 2.9 %
Schedule of future minimum rental payments required under non-cancelable operating leases for bank premises	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of (dollars in thousands) ​ December 31, 2023 Lease payments due: ​ ​ ​ 2024 ​ $ 1,907 2025 ​ ​ 1,958 2026 ​ ​ 1,925 2027 ​ ​ 1,911 2028 ​ ​ 1,839 Thereafter ​ 4,054 Total lease payments ​ ​ 13,594 Less: imputed interest ​ ​ (1,908) Lease liabilities ​ $ 11,686

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
GOODWILL AND INTANGIBLE ASSETS
Schedule of acquired intangible assets	Intangible assets were as follows at year end (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Gross Carrying Accumulated Net Carrying ​ ​ Value ​ Amortization ​ Value Amortizable intangibles ​ $ 17,620 ​ $ (15,662) ​ $ 1,958 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Gross Carrying Accumulated Net Carrying ​ ​ Value ​ Amortization ​ Value Amortizable intangibles ​ $ 17,620 ​ $ (14,366) ​ $ 3,254 ​ ​
Schedule of estimated amortization expense of intangibles	Estimated amortization expense of intangibles for the years ended December 31 were as follows (in thousands): ​ ​ ​ ​ 2024 $ 1,292 2025 ​ 629 2026 ​ 27 2027 ​ 10 Total ​ $ 1,958 ​

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
DEPOSITS
Schedule of scheduled maturities of time deposits	At December 31, 2023, the scheduled maturities of time deposits are as follows (in thousands): ​ ​ ​ ​ 2024 $ 397,515 2025 ​ 36,867 2026 ​ 4,437 2027 ​ 4,797 2028 ​ 2,282 Total ​ $ 445,898 ​
Schedule of maturities of certificates of deposit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Within 3 to 6 6 to 12 Over 12 ​ 3 Months ​ Months ​ Months ​ Months ​ Total $ 38,098 ​ $ 40,423 ​ $ 37,719 ​ $ 7,464 ​ $ 123,704

SECURITIES SOLD UNDER AGREEME_2

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS
Schedule of other short-term borrowings	Other borrowings consist of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ 2023 2022 ​ ​ ​ ​ ​ ​ ​ ​ FHLB collateral advances maturing 10/15/2024 $ 30,000 $ — ​ Short-term FHLB advances maturing 1/3/2023 ​ ​ — ​ ​ 50,000 ​ Short-term FHLB advances maturing 1/13/2023 ​ ​ — ​ ​ 100,000 ​ Short-term FHLB advances maturing 1/23/2023 ​ ​ — ​ ​ 50,000 ​ Short-term FHLB advances maturing 1/27/2023 ​ ​ — ​ ​ 125,000 ​ Total FHLB advances ​ ​ 30,000 ​ ​ 325,000 ​ Securities sold under agreements to repurchase 3,044 6,445 ​ Total $ 33,044 $ 331,445 ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average interest rate at year end ​ 5.57 % ​ 4.19 % ​

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
INCOME TAXES
Schedule of net deferred tax assets	Net deferred tax assets at December 31, 2023 and 2022 consist primarily of the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred tax assets: ​ ​ Allowance for credit losses ​ $ 12,179 ​ $ 8,370 Unearned loan fees and other ​ 3,054 ​ 2,161 Other real estate owned write-downs ​ — ​ 38 Lease liability ​ ​ 2,635 ​ ​ 1,246 Net unrealized loss on investment securities available for sale ​ 6,161 ​ 6,920 Federal low income housing credit carryforward ​ 492 ​ 485 Deferred compensation ​ 1,564 ​ 1,596 Capitalized research and experimental expenditures ​ ​ 1,790 ​ ​ — Net operating loss ​ ​ 796 ​ ​ ​ Other ​ 2,122 ​ 2,089 Valuation allowance ​ (704) ​ — Total deferred tax assets, net of valuation allowance ​ 30,089 ​ 22,905 Deferred tax liabilities: ​ ​ Right-of-use assets ​ ​ 2,449 ​ ​ 1,200 Purchase accounting ​ ​ 974 ​ ​ 917 Depreciation ​ ​ 767 ​ ​ 748 Derivative asset ​ ​ 2,424 ​ ​ — Other ​ 1,080 ​ 166 Total deferred tax liabilities ​ 7,694 ​ 3,031 Net deferred tax assets ​ $ 22,395 ​ $ 19,874
Schedule of provision for income taxes	The provision for income taxes consists of the following for the years ended December 31, 2023, 2022 and 2021 (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Current tax expense ​ ​ ​ Federal ​ $ 1,861 ​ $ 5,982 ​ $ 2,466 State ​ 771 ​ 503 ​ 163 Total current tax expense ​ 2,632 ​ 6,485 ​ 2,629 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deferred tax expense (benefit) ​ ​ ​ Federal ​ (2,699) ​ (3,234) ​ 5,937 State ​ (1,000) ​ (66) ​ 117 Total deferred tax expense (benefit) ​ (3,699) ​ (3,300) ​ 6,054 Total income tax expense from continuing operations ​ ​ (1,067) ​ ​ 3,185 ​ ​ 8,683 Total income tax expense from discontinued operation ​ ​ — ​ ​ — ​ ​ 64 Total income tax expense ​ $ (1,067) ​ $ 3,185 ​ $ 8,747 ​
Schedule of income tax expense determined by applying the U.S. Federal income tax rate	The income tax expense differed from the amount of income tax determined by applying the U.S. Federal income tax rate of 21% to pretax income for the years ended December 31, 2023, 2022 and 2021 due to the following (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Computed expected tax expense at statutory rate ​ $ (2,348) ​ $ 3,640 ​ $ 8,309 Increase (decrease) in tax expense resulting from: ​ ​ ​ ​ ​ ​ Remeasurement of deferred tax assets and liabilities ​ ​ (531) ​ ​ (148) ​ ​ 442 Low income housing tax credits, net of amortization ​ ​ 1 ​ ​ 4 ​ ​ 39 Income from bank-owned life insurance ​ (424) ​ (419) ​ (354) Goodwill impairment ​ ​ 2,342 ​ ​ — ​ ​ — Research and development credit ​ ​ (1,150) ​ ​ — ​ ​ — Valuation allowance ​ ​ 704 ​ ​ — ​ ​ — State taxes, net ​ ​ 503 ​ ​ 158 ​ ​ 242 Other, net ​ (164) ​ (49) ​ 5 Total income tax expense from continuing operations ​ (1,067) ​ 3,185 ​ 8,683 Total income tax expense from discontinued operation ​ — ​ — ​ 64 Total income tax expense ​ $ (1,067) ​ $ 3,185 ​ $ 8,747 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

STOCK- BASED COMPENSATION (Tabl

STOCK- BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2023
Schedule of activity in the stock option plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ Weighted ​ Average ​ Aggregate ​ ​ ​ ​ Average ​ Remaining ​ Intrinsic ​ ​ ​ ​ Exercise ​ Contractual ​ Value ​ ​ Shares ​ Price ​ Term ​ (in thousands) Options outstanding, beginning of period 203,300 ​ $ 11.41 1.3 ​ $ 102 Forfeited (4,000) ​ ​ 11.41 ​ Expired ​ (131,000) ​ ​ 11.42 ​ ​ ​ ​ ​ Exercised (13,500) ​ ​ 10.90 ​ ​ ​ ​ ​ Options outstanding, end of period 54,800 ​ $ 11.49 ​ 1.7 ​ ​ 64 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at end of period 54,800 ​ $ 11.49 ​ 1.7 ​ $ 64
Time Vested Restricted Stock
Schedule of activity in the restricted stock plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ Average ​ Average ​ ​ ​ ​ ​ Grant-Date ​ Remaining ​ ​ ​ ​ ​ Fair Value ​ Contractual ​ ​ ​ Shares ​ Per Share ​ Term ​ Unvested restricted stock outstanding, beginning of period 68,700 ​ $ 14.24 ​ 2.4 Granted 13,000 ​ ​ 8.83 Vested (29,008) ​ ​ 13.71 Forfeited (12,392) ​ ​ 11.56 ​ Unvested restricted stock outstanding, end of period 40,300 ​ $ 13.59 ​ 2.3 ​
Performance Based Restricted Stock Units
Schedule of activity in the restricted stock plan	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Weighted ​ ​ ​ ​ ​ Average ​ Average ​ ​ ​ ​ ​ Grant-Date ​ Remaining ​ ​ ​ ​ ​ Fair Value ​ Contractual ​ ​ Shares ​ ​ Per Share ​ Term Unvested Units outstanding, beginning of period 153,960 ​ $ 13.02 3.6 Granted 110,000 ​ ​ 10.20 Forfeited (19,250) ​ ​ 12.86 ​ Unvested Units outstanding, end of period 244,710 ​ ​ 11.77 ​ 3.1

FINANCIAL INSTRUMENT WITH OFF_2

FINANCIAL INSTRUMENT WITH OFF-BALANCE SHEET RISK (Tables)	12 Months Ended
	Dec. 31, 2023
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Schedule of allowance for credit losses off balance sheet exposure	​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Balance as of January 1 ​ $ 1,416 ​ $ 977 Credit loss expense ​ 163 ​ 439 Balance as of December 31 ​ $ 1,579 ​ $ 1,416

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2023
EARNINGS PER SHARE
Schedule of reconciliation of the denominators of the basic and diluted earnings per share	The following is a reconciliation of the denominators of the basic and diluted EPS computations for 2023, 2022 and 2021 (amounts in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ Income ​ Shares ​ Per Share ​ ​ (Numerator) ​ (Denominator) ​ Amount ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2023 ​ ​ Basic EPS ​ $ (7,832) 24,639 ​ $ (0.32) Effect of dilutive stock options and unvested restricted stock ​ — — ​ — Diluted EPS ​ $ (7,832) 24,639 ​ $ (0.32) ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2022 ​ ​ Basic EPS ​ $ 14,148 24,561 ​ $ 0.58 Effect of dilutive stock options and unvested restricted stock ​ — 108 ​ (0.01) Diluted EPS ​ $ 14,148 24,669 ​ $ 0.57 ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended December 31, 2021 ​ ​ Basic EPS from continuing operations ​ $ 30,883 24,438 ​ $ 1.26 Effect of dilutive stock options and unvested restricted stock ​ — 163 ​ — Diluted EPS from continuing operations ​ $ 30,883 24,601 ​ $ 1.26 ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic EPS from discontinued operation ​ $ 230 24,438 ​ $ 0.01 Effect of dilutive stock options and unvested restricted stock ​ — 163 ​ — Diluted EPS from discontinued operation ​ $ 230 24,601 ​ $ 0.01 ​

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2023
REGULATORY MATTERS
Schedule of capital amounts and ratios for southern national and sonabank	The following table provides a comparison of the leverage and risk-weighted capital ratios of Primis Financial Corp. and Primis Bank at the periods indicated to the minimum and well-capitalized required regulatory standards: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Required ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For Capital ​ To Be Categorized as ​ ​ ​ Actual ​ Adequacy Purposes ​ Well Capitalized (1) ​ ​ Amount Ratio Amount Ratio Amount Ratio ​ December 31, 2023 ​ ​ ​ ​ Primis Financial Corp. ​ ​ ​ ​ Leverage ratio ​ $ 312,521 8.37 % $ 149,300 4.00 % ​ n/a n/a ​ Common equity tier 1 capital ratio ​ ​ 302,521 8.96 % ​ 152,011 4.50 % ​ n/a n/a ​ Tier 1 risk-based capital ratio ​ 312,521 9.25 % 202,681 6.00 % ​ n/a n/a ​ Total risk-based capital ratio ​ 453,931 13.44 % 270,242 8.00 % ​ n/a n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 364,874 9.80 % $ 148,989 4.00 % $ 186,236 ​ 5.00 % Common equity tier 1 capital ratio ​ ​ 364,874 ​ 10.88 % ​ 150,980 4.50 % ​ 218,082 ​ 6.50 % Tier 1 risk-based capital ratio ​ 364,874 10.88 % 201,306 6.00 % 268,408 ​ 8.00 % Total risk-based capital ratio ​ 406,663 12.12 % 268,408 8.00 % 335,510 ​ 10.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Financial Corp. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 316,956 ​ 9.52 % $ 133,154 4.00 % ​ n/a n/a ​ Common equity tier 1 capital ratio ​ ​ 306,956 ​ 10.07 % ​ 137,135 4.50 % ​ n/a n/a ​ Tier 1 risk-based capital ratio ​ 316,956 ​ 10.40 % 182,847 6.00 % ​ n/a n/a ​ Total risk-based capital ratio ​ 436,649 ​ 14.33 % 243,796 8.00 % ​ n/a n/a ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Primis Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Leverage ratio ​ $ 373,225 11.24 % $ 132,850 4.00 % $ 166,063 ​ 5.00 % Common equity tier 1 capital ratio ​ ​ 373,225 ​ 12.40 % ​ 135,487 4.50 % ​ 195,703 ​ 6.50 % Tier 1 risk-based capital ratio ​ 373,225 12.40 % 180,649 6.00 % 240,865 ​ 8.00 % Total risk-based capital ratio ​ 409,185 13.59 % 240,865 8.00 % 301,081 ​ 10.00 % ​ ​ ​ ​ ​ ​ ​ (1) Prompt corrective action provisions are not applicable at the bank holding company level.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
SEGMENT INFORMATION
Schedule of financial information for the company's segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended December 31, 2023 ​ Primis Mortgage Primis Bank Consolidated Company ($ in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 2,813 ​ $ 189,805 ​ $ 192,618 Interest expense ​ — ​ 93,907 ​ 93,907 Net interest income ​ 2,813 ​ 95,898 ​ 98,711 Provision for credit losses ​ — ​ 32,540 ​ 32,540 Noninterest income ​ 17,674 ​ ​ 27,576 ​ ​ 45,250 Noninterest expense ​ 20,153 ​ ​ 102,447 ​ ​ 122,600 Income before income taxes ​ 334 ​ (11,513) ​ (11,179) Income tax expense (benefit) ​ 3 ​ ​ (1,070) ​ ​ (1,067) Net income (loss) ​ $ 331 ​ $ (10,443) ​ $ (10,112) Total assets ​ $ 66,282 ​ $ 3,790,264 ​ $ 3,856,546 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of and for the year ended December 31, 2022 ​ Primis Mortgage Primis Bank Consolidated Company ($ in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest income ​ $ 705 ​ $ 122,582 ​ $ 123,287 Interest expense ​ 2 ​ 21,585 ​ 21,587 Net interest income ​ 703 ​ 100,997 ​ 101,700 Provision for credit losses ​ — ​ 11,271 ​ 11,271 Noninterest income ​ 5,055 ​ ​ 13,297 ​ ​ 18,352 Noninterest expense ​ 9,361 ​ ​ 82,087 ​ ​ 91,448 Income (loss) before income taxes ​ (3,603) ​ 20,936 ​ 17,333 Income tax expense (benefit) ​ (752) ​ ​ 3,937 ​ ​ 3,185 Net income (loss) ​ $ (2,851) ​ $ 16,999 ​ $ 14,148 Total assets ​ $ 31,398 ​ $ 3,535,266 ​ $ 3,566,664 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
Schedule of condensed balance sheet of Primis Financial Corp.	​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 ASSETS ​ ​ Cash ​ $ 23,627 ​ $ 21,276 Loans held for investment ​ ​ 1,500 ​ ​ 2,000 Investment in subsidiaries ​ 438,883 ​ ​ 455,548 Preferred investment in unaffiliated mortgage company ​ ​ 3,005 ​ ​ 3,005 Investments in non-marketable equity securities ​ ​ 3,855 ​ ​ 2,319 Other assets ​ 3,288 ​ ​ 1,636 Total assets ​ $ 474,158 ​ $ 485,784 ​ ​ ​ ​ ​ ​ ​ LIABILITIES AND STOCKHOLDERS' EQUITY ​ ​ Liabilities: ​ ​ Junior subordinated debt ​ $ 9,830 ​ $ 9,781 Senior subordinated notes ​ 85,765 ​ ​ 85,531 Other liabilities ​ 1,871 ​ ​ 1,504 Total liabilities ​ 97,466 ​ 96,816 Stockholders' equity: ​ ​ Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding ​ ​ — ​ ​ — Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,693,172 and 24,680,097 shares issued outstanding ​ 247 ​ ​ 246 Additional paid in capital ​ 313,548 ​ ​ 312,722 Retained earnings ​ 84,675 ​ ​ 101,850 Accumulated other comprehensive loss ​ (21,777) ​ ​ (25,850) Total Primis stockholders' equity ​ 376,693 ​ 388,968 Total liabilities and stockholders' equity ​ $ 474,158 ​ $ 485,784
Schedule of condensed statements of income of Primis Financial Corp.	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Income: ​ ​ ​ Cash dividends received from bank subsidiary ​ $ 20,000 ​ $ 15,000 ​ $ — Interest income ​ ​ 91 ​ ​ 27 ​ ​ — Gain on debt extinguishment ​ — ​ — ​ 573 Other investment income ​ ​ 150 ​ ​ 150 ​ ​ — Total income ​ 20,241 ​ 15,177 ​ 573 Expenses: ​ ​ ​ Interest on junior subordinated debt ​ 887 ​ 536 ​ 355 Interest on senior subordinated notes ​ 5,992 ​ 5,111 ​ 5,127 Other operating expenses ​ 1,335 ​ 1,227 ​ 1,236 Total expenses ​ 8,214 ​ 6,874 ​ 6,718 Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries ​ 12,027 ​ 8,303 ​ (6,145) Income tax benefit ​ (1,470) ​ (1,408) ​ (1,280) Equity in undistributed net income of subsidiaries ​ ​ (20,797) ​ ​ 4,437 ​ ​ 35,978 Net income (loss) to common stockholders ​ $ (7,300) ​ $ 14,148 ​ $ 31,113
Schedule of condensed statements of cash flows information of Primis Financial Corp.	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 2021 Operating activities: ​ ​ ​ Net income (loss) ​ $ (7,300) ​ $ 14,148 ​ $ 31,113 Adjustments to reconcile net income to net cash and cash equivalents used in operating activities: ​ ​ ​ ​ ​ ​ Equity in undistributed net income of subsidiaries ​ 797 ​ (19,436) ​ (35,978) Loan forgiven ​ ​ 500 ​ ​ — ​ ​ — Gain on debt extinguishment ​ ​ — ​ ​ — ​ ​ (573) Other, net ​ (350) ​ 1,228 ​ 1,426 Net cash and cash equivalents used in operating activities ​ (6,353) ​ (4,060) ​ (4,012) Investing activities: ​ ​ ​ Net increase in loans ​ ​ — ​ ​ (2,000) ​ ​ — Increase in preferred investment in mortgage company ​ — ​ — ​ (3,064) Increase in non-marketable equity securities investments ​ ​ (1,536) ​ ​ (1,889) ​ ​ (430) Dividend from subsidiaries ​ 20,000 ​ 15,000 ​ — Net cash and cash equivalents provided by (used in) investing activities ​ 18,464 ​ 11,111 ​ (3,494) Financing activities: ​ ​ ​ Extinguishment of subordinated debt ​ ​ — ​ ​ — ​ ​ (20,000) Proceeds from exercised stock options ​ 146 ​ 572 ​ 1,526 Repurchase of restricted stock ​ (31) ​ (11) ​ (14) Cash dividends paid on common stock ​ (9,875) ​ (9,853) ​ (9,807) Net cash and cash equivalents provided by (used in) financing activities ​ (9,760) ​ (9,292) ​ (28,295) Net change in cash and cash equivalents ​ 2,351 ​ (2,241) ​ (35,801) Cash and cash equivalents at beginning of period ​ 21,276 ​ 23,517 ​ 59,318 Cash and cash equivalents at end of period ​ $ 23,627 ​ $ 21,276 ​ $ 23,517 ​

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
Officers and Directors and Principal Shareholders and Their Affiliates [Member].
Related Party Transaction [Line Items]
Schedule of changes in the loan amount outstanding during the periods	Loan activity to related parties is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ 2023 Balance at January 1, ​ ​ $ 27,875 Principal advances ​ ​ 2,197 Principal paid ​ ​ (2,405) Transfers in (out) of related party status ​ ​ (1,057) Balance at December 31, ​ ​ $ 26,610

ORGANIZATION AND SIGNIFICANT _4

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details)					3 Months Ended	12 Months Ended
	Dec. 21, 2023 USD ($)	Jun. 01, 2022 USD ($)	May 31, 2022 USD ($)	Dec. 31, 2021 USD ($) item	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) item segment	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) item	Apr. 28, 2022	Sep. 30, 2021
Organization And Significant Accounting Policies [Line Items]
Number of branches | item						24
Number of unconsolidated affiliates | item				1				1
Percentage of capital, par value FRB stock required to own						6%
Percentage of federal home loan bank stock required to own						4.25%
Loans held for investment						$ 3,219,414,000	$ 2,946,637,000
Goodwill, impairment loss						$ 11,150,000	$ 0	$ 0
Number of reportable segments | segment						2	1
Number of operating segments | segment						2
Bank premises and equipment, gross						$ 38,145,000	$ 43,658,000
Less accumulated depreciation and amortization						17,534,000	18,401,000
Advertising costs						1,800,000	3,100,000	1,700,000
Derivative assets						10,806,000
Derivative liabilities							500,000
Fraud losses						3,311,000	108,000	75,000
Retained earnings						84,143,000	101,850,000
Servicing assets, valuation allowance						7,000
Derivative Asset, Subject to Master Netting Arrangement, before Offset						1,800,000
Derivative Liability, Subject to Master Netting Arrangement, before Offset						700,000
Third-Party Originated and Serviced Consumer Loan Portfolio
Organization And Significant Accounting Policies [Line Items]
Loans held for investment						$ 199,300,000
Percentage of total gross loan						6%
Percentage of loans in Promotional Period						45%
Financing Receivable, Percentage of promotional loans ending within the specified promotional period						70%
Financing Receivable, Amount of promotional loans paid off prior to the end of promotional period						$ 10,100,000
Amount of promotional loans reached the promotion period						6,000,000
Consumer program derivative
Organization And Significant Accounting Policies [Line Items]
Derivative assets						10,800,000
Derivative liabilities							100,000
Mortgage banking derivative
Organization And Significant Accounting Policies [Line Items]
Derivative assets						611,000	921,000
Derivative liabilities						200,000	98,000
Primis Bank
Organization And Significant Accounting Policies [Line Items]
Goodwill, impairment loss					$ 11,200,000	11,150,000
Cloud Computing Arrangements [Member]
Organization And Significant Accounting Policies [Line Items]
Cloud computing arrangement assets, Gross						14,400,000	11,500,000
Less accumulated depreciation and amortization						3,800,000	1,100,000
Furniture, Fixtures and Equipment [Member]
Organization And Significant Accounting Policies [Line Items]
Bank premises and equipment, gross						9,730,000	11,341,000
Building and Improvements [Member]
Organization And Significant Accounting Policies [Line Items]
Bank premises and equipment, gross						$ 18,131,000	$ 20,475,000
Property, Plant and Equipment, Useful Life						30 years
Southern Trust Mortgage [Member]
Organization And Significant Accounting Policies [Line Items]
Loans held for investment				$ 8,500,000				$ 8,500,000
Southern Trust Mortgage [Member]
Organization And Significant Accounting Policies [Line Items]
Payments to acquire equity method investments				$ 1,600,000
Common Stock | Southern Trust Mortgage [Member]
Organization And Significant Accounting Policies [Line Items]
Percentage of equity investment and preferred stock of STM										43.28%
Preferred Stock | Southern Trust Mortgage [Member]
Organization And Significant Accounting Policies [Line Items]
Percentage of equity investment and preferred stock of STM						100%	100%			100%
Primis Mortgage (f.k.a. SeaTrust)
Organization And Significant Accounting Policies [Line Items]
Payments to acquire business		$ 7,000,000	$ 7,000,000
Short term borrowings		$ 19,254,000	$ 19,254,000
Voting interest agreed to acquire (as a percent)									100%
Capital Stock Acquired (as a percent)			100%
Panacea Financial Holdings, Inc. [Member]
Organization And Significant Accounting Policies [Line Items]
Capital Stock Acquired (as a percent)	19%
Panacea Financial Holdings, Inc. [Member]
Organization And Significant Accounting Policies [Line Items]
Financing round led by a global venture capital firm	$ 24,500,000
Minimum [Member] | Third-Party Originated and Serviced Consumer Loan Portfolio
Organization And Significant Accounting Policies [Line Items]
Financing receivable, Term						5 years
Minimum [Member] | Core Deposits [Member]
Organization And Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets						6 years
Minimum [Member] | Furniture, Fixtures and Equipment [Member]
Organization And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life						3 years
Maximum [Member] | Third-Party Originated and Serviced Consumer Loan Portfolio
Organization And Significant Accounting Policies [Line Items]
Financing receivable, Term						12 years
Maximum [Member] | Core Deposits [Member]
Organization And Significant Accounting Policies [Line Items]
Estimated useful lives of intangible assets						15 years
Maximum [Member] | Furniture, Fixtures and Equipment [Member]
Organization And Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life						10 years

ORGANIZATION AND SIGNIFICANT _5

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Schedule of hedged assets and cumulative fair value adjustments) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Amortized Cost Basis	$ 946,185
Hedged Asset	$ 248,906
Hedged Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Basis Adjustment	$ (1,094)

ORGANIZATION AND SIGNIFICANT _6

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Narrative 4) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Unrecognized tax benefits	$ 0
Unrecognized tax benefits, income tax penalties and interest expense	$ 0	$ 0	$ 0

ORGANIZATION AND SIGNIFICANT _7

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Retirement Plans) (Details)	12 Months Ended
	Dec. 31, 2023
First 3 % of employee gross pay
Defined Contribution Plan Disclosure [Line Items]
Employee contribution (in percentage)	100%
First 3% of the employee contribution	3%
Next 3 % of employee gross pay
Defined Contribution Plan Disclosure [Line Items]
Employee contribution (in percentage)	50%
First 3% of the employee contribution	3%
Next 3 % of employee gross pay | Maximum
Defined Contribution Plan Disclosure [Line Items]
First 3% of the employee contribution	4.50%

ORGANIZATION AND SIGNIFICANT _8

ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES (Schedule of transfer of financial assets) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)
ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES
Loan participations accounted as secured borrowings	$ 23.4
Loans to third-parties transferred	52.2
Assets acquired	0.3
Servicing assets balance	$ 0.3

BUSINESS COMBINATION (PMC Acqui

BUSINESS COMBINATION (PMC Acquisition) (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Business Combinations
Merger expenses	$ 0.4
Primis Mortgage (f.k.a. SeaTrust)
Business Combinations
Revenue	$ 5.1

BUSINESS COMBINATION (PMC Acq_2

BUSINESS COMBINATION (PMC Acquisition) (Assets acquired and liabilities assumed) (Details) - USD ($) $ in Thousands	Jun. 01, 2022	Jun. 01, 2022	May 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Assets acquired:
Cash and due from banks					$ 2,446
Liabilities assumed:
Goodwill resulting from acquisition				$ 93,459	$ 104,609
Primis Mortgage (f.k.a. SeaTrust)
Consideration paid:
Cash	$ 7,000		$ 7,000
Value of consideration	7,000		7,000
Assets acquired:
Cash and due from banks	2,446	$ 2,446	2,446
Mortgage loans held for sale	20,452	20,452	20,452
Premises and equipment, net	124	124	124
Leases right-of-use asset	28	28	28
Derivative assets	1,224	1,224	1,224
Other intangibles	135	135
Deferred tax asset, net	26	26	26
Other assets	93	93	93
Total assets	24,528	24,528	24,393
Liabilities assumed:
Short term borrowings	19,254	19,254	19,254
Leases liability	27	27	27
Other liabilities	902	902	902
Total liabilities	20,183	20,183	20,183
Net identifiable assets acquired	4,345	4,345	$ 4,210
Goodwill resulting from acquisition	$ 2,655	2,655
Assets acquired:
Other intangibles		135
Total assets		135
Net identifiable assets acquired		$ 135

BUSINESS COMBINATION (Proforma)

BUSINESS COMBINATION (Proforma) (Details) - Primis Mortgage (f.k.a. SeaTrust) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Business Combinations
Total revenues	$ 146,607	$ 134,588
Net income	$ 14,194	$ 31,692

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Called investment securities	$ 27,561,000	$ 36,960,000	$ 37,878,000
Purchases of available for sale investment securities	15,211,000	37,361,000	160,531,000
Purchases of securities held to maturity	0	0	0
Sale of available-for-sale investment securities	0	0	$ 0
Available for sale, amortized cost	$ 255,891,000
Investment securities available-for-sale unrealized loss position | item	134
Asset Pledged as Collateral [Member] | Secure Public Deposits, Other Deposits and Line of Credit Advances Federal Home Loan Banks [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Available for sale, amortized cost	$ 200,200,000	$ 99,400,000
Residential Mortgage Backed Securities [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Available for sale, amortized cost	35,927,000
US Government Agencies Debt Securities [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Available for sale, amortized cost	$ 110,562,000

INVESTMENT SECURITIES (Schedule

INVESTMENT SECURITIES (Schedule of amortized cost and fair value of securities available-for-sale) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	$ 255,891	$ 269,036
Gross Unrealized Gains	265	16
Gross Unrealized Losses	(27,736)	(32,737)
Available for sale, fair value	228,420	236,315
Residential government-sponsored mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	110,562	119,371
Gross Unrealized Gains	72	1
Gross Unrealized Losses	(13,826)	(16,491)
Available for sale, fair value	96,808	102,881
Obligations of states and political subdivisions
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	33,801	34,103
Gross Unrealized Gains	12	2
Gross Unrealized Losses	(3,733)	(4,927)
Available for sale, fair value	30,080	29,178
Corporate securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	16,000	16,000
Gross Unrealized Losses	(1,952)	(1,172)
Available for sale, fair value	14,048	14,828
Collateralized loan obligations
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	5,018	5,022
Gross Unrealized Losses	(36)	(146)
Available for sale, fair value	4,982	4,876
Residential government-sponsored collateralized mortgage obligations
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	35,927	28,643
Gross Unrealized Gains	175
Gross Unrealized Losses	(1,631)	(2,048)
Available for sale, fair value	34,471	26,595
Government-sponsored agency securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	16,267	17,719
Gross Unrealized Losses	(2,556)	(3,103)
Available for sale, fair value	13,711	14,616
Agency commercial mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	34,059	42,180
Gross Unrealized Losses	(3,949)	(4,763)
Available for sale, fair value	30,110	37,417
SBA pool securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Debt Securities, Amortized Cost Basis, Total	4,257	5,998
Gross Unrealized Gains	6	13
Gross Unrealized Losses	(53)	(87)
Available for sale, fair value	$ 4,210	$ 5,924

INVESTMENT SECURITIES (Schedu_2

INVESTMENT SECURITIES (Schedule of amortized cost, unrecognized gains and losses, and fair value of held to maturity securities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held-to maturity, Amortized Cost, Total	$ 11,650	$ 13,520
Gross Unrecognized Gains		3
Gross Unrecognized Losses	(811)	(1,074)
Held to maturity fair value	10,839	12,449
Residential government-sponsored collateralized mortgage obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held-to maturity, Amortized Cost, Total	219	277
Gross Unrecognized Losses	(15)	(21)
Held to maturity fair value	204	256
Obligations of states and political subdivisions
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held-to maturity, Amortized Cost, Total	2,391	2,721
Gross Unrecognized Gains		3
Gross Unrecognized Losses	(42)	(46)
Held to maturity fair value	2,349	2,678
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held-to maturity, Amortized Cost, Total	9,040	10,522
Gross Unrecognized Losses	(754)	(1,007)
Held to maturity fair value	$ 8,286	$ 9,515

INVESTMENT SECURITIES (Schedu_3

INVESTMENT SECURITIES (Schedule of fair value and carrying amount, if different, of debt securities, by contractual maturity) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to Maturity, due in one year, amortized cost	$ 872
Held to Maturity, due in one to five years, amortized cost	580
Held to Maturity, due in five to ten years, amortized cost	939
Held to maturity, amortized cost	11,650
Held to Maturity, due in one year, fair value	870
Held to Maturity, due in one to five years, fair value	580
Held to Maturity, due in five to ten years, fair value	899
Held to maturity fair value	10,839	$ 12,449
Available for Sale, due in one to five years, amortized cost	10,030
Available for Sale, due in five to ten years, amortized cost	36,738
Available for sale, due after ten years, amortized cost	24,318
Available for sale, amortized cost	255,891
Available for Sale, due in one to five years, fair value	9,361
Available for Sale, due in five to ten years, fair value	32,098
Available for sale, due after ten years, fair value	21,362
Available for sale, Fair value	228,420	236,315
Corporate securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, Fair value	14,048	14,828
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, amortized cost	9,040
Held to maturity fair value	8,286	9,515
Available for sale, amortized cost	110,562
Available for sale, Fair value	96,808	102,881
Obligations of states and political subdivisions
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity fair value	2,349	2,678
Available for sale, Fair value	30,080	29,178
Residential government-sponsored collateralized mortgage obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Held to maturity, amortized cost	219
Held to maturity fair value	204	256
Available for sale, amortized cost	35,927
Available for sale, Fair value	34,471	26,595
Collateralized loan obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, Fair value	4,982	4,876
Government-sponsored agency securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, Fair value	13,711	14,616
Agency commercial mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, amortized cost	34,059
Available for sale, Fair value	30,110	37,417
SBA pool securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, amortized cost	4,257
Available for sale, Fair value	$ 4,210	$ 5,924

INVESTMENT SECURITIES (Schedu_4

INVESTMENT SECURITIES (Schedule of present information regarding securities in a continuous unrealized loss position by duration of time in a loss position) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value	$ 5,185	$ 85,725
Available for sale, less than 12 months, unrealized losses	(81)	(5,628)
Available for sale, 12 months or more, fair value	198,695	146,781
Available for sale, 12 months or more, unrealized losses	(27,655)	(27,109)
Available for sale, total fair value	203,880	232,506
Available for sale, total unrealized losses	(27,736)	(32,737)
Held to maturity, less than 12 months, fair value	1,373	10,787
Held to Maturity, Less than 12 months, unrecognized losses	(4)	(1,052)
Held to Maturity, 12 months or more, fair value	8,886	239
Held to Maturity, 12 months or more, unrecognized losses	(807)	(22)
Held to maturity, total fair value	10,259	11,026
Held to maturity, total unrecognized losses	811	1,074
Residential government-sponsored mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value		23,484
Available for sale, less than 12 months, unrealized losses		(2,268)
Available for sale, 12 months or more, fair value	93,782	79,283
Available for sale, 12 months or more, unrealized losses	(13,826)	(14,223)
Available for sale, total fair value	93,782	102,767
Available for sale, total unrealized losses	(13,826)	(16,491)
Held to maturity, less than 12 months, fair value		9,457
Held to Maturity, Less than 12 months, unrecognized losses		(1,002)
Held to Maturity, 12 months or more, fair value	8,286	58
Held to Maturity, 12 months or more, unrecognized losses	(754)	(5)
Held to maturity, total fair value	8,286	9,515
Held to maturity, total unrecognized losses	754	1,007
Obligations of states and political subdivisions
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value	3,945	10,026
Available for sale, less than 12 months, unrealized losses	(19)	(388)
Available for sale, 12 months or more, fair value	23,002	17,609
Available for sale, 12 months or more, unrealized losses	(3,714)	(4,539)
Available for sale, total fair value	26,947	27,635
Available for sale, total unrealized losses	(3,733)	(4,927)
Held to maturity, less than 12 months, fair value	1,373	1,255
Held to Maturity, Less than 12 months, unrecognized losses	(4)	(46)
Held to Maturity, 12 months or more, fair value	396
Held to Maturity, 12 months or more, unrecognized losses	(38)
Held to maturity, total fair value	1,769	1,255
Held to maturity, total unrecognized losses	42	46
Corporate securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value	939	14,828
Available for sale, less than 12 months, unrealized losses	(61)	(1,172)
Available for sale, 12 months or more, fair value	13,109
Available for sale, 12 months or more, unrealized losses	(1,891)
Available for sale, total fair value	14,048	14,828
Available for sale, total unrealized losses	(1,952)	(1,172)
Residential government-sponsored collateralized mortgage obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value		22,343
Available for sale, less than 12 months, unrealized losses		(1,375)
Available for sale, 12 months or more, fair value	17,306	4,252
Available for sale, 12 months or more, unrealized losses	(1,631)	(673)
Available for sale, total fair value	17,306	26,595
Available for sale, total unrealized losses	(1,631)	(2,048)
Held to maturity, less than 12 months, fair value		75
Held to Maturity, Less than 12 months, unrecognized losses		(4)
Held to Maturity, 12 months or more, fair value	204	181
Held to Maturity, 12 months or more, unrecognized losses	(15)	(17)
Held to maturity, total fair value	204	256
Held to maturity, total unrecognized losses	15	21
Government-Sponsored Agency Securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value		1,484
Available for sale, less than 12 months, unrealized losses		(16)
Available for sale, 12 months or more, fair value	13,711	13,132
Available for sale, 12 months or more, unrealized losses	(2,556)	(3,087)
Available for sale, total fair value	13,711	14,616
Available for sale, total unrealized losses	(2,556)	(3,103)
Collateralized loan obligations
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, 12 months or more, fair value	4,982	4,876
Available for sale, 12 months or more, unrealized losses	(36)	(146)
Available for sale, total fair value	4,982	4,876
Available for sale, total unrealized losses	(36)	(146)
Agency commercial mortgage-backed securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value		13,031
Available for sale, less than 12 months, unrealized losses		(371)
Available for sale, 12 months or more, fair value	30,110	24,386
Available for sale, 12 months or more, unrealized losses	(3,949)	(4,392)
Available for sale, total fair value	30,110	37,417
Available for sale, total unrealized losses	(3,949)	(4,763)
SBA pool securities
Schedule Of Available For Sale and Held To Maturity Securities [Line Items]
Available for sale, less than 12 months, fair value	301	529
Available for sale, less than 12 months, unrealized losses	(1)	(38)
Available for sale, 12 months or more, fair value	2,693	3,243
Available for sale, 12 months or more, unrealized losses	(52)	(49)
Available for sale, total fair value	2,994	3,772
Available for sale, total unrealized losses	$ (53)	$ (87)

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Narrative) (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2023 USD ($) contract	Dec. 31, 2023 USD ($) contract	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	$ 3,219,414,000	$ 3,219,414,000	$ 2,946,637,000
Mortgage loans on real estate, foreclosures			100,000
Mortgage loans in process of foreclosure, amount	800,000	800,000
Loans held for investment	3,167,205,000	3,167,205,000	2,912,093,000
Additional income from interest if recognized		500,000	1,200,000
Financing receivable, allowance for credit loss	52,209,000	52,209,000	34,544,000	$ 29,105,000
Real Estate Acquired Through Foreclosure	0	0	0
Benchmark minimum for CECL peer group comparison asset size	2,000,000,000	2,000,000,000
Benchmark maximum for CECL peer group comparison asset size	10,000,000,000	10,000,000,000
Benchmark Minimum For CECL Peer Group Comparison National Geography	5,000,000,000	5,000,000,000
Benchmark Maximum For CECL Peer Group Comparison National Geography	20,000,000,000	20,000,000,000
Modeled Expected Credit Losses [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable, allowance for credit loss	40,378,000	40,378,000	27,510,000
Modeled Expected Credit Losses [Member] | Change in Accounting Method Accounted for as Change in Estimate [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable, allowance for credit loss, decrease		7,200,000
Loans Receivable [Member]
Accounts Notes And Loans Receivable [Line Items]
Accrued interest receivable	20,100,000	20,100,000	10,800,000
Doubtful [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	$ 0	$ 0	0
Commercial Real Estate Portfolio Segment [Member] | Reduction in Monthly Payments [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		1
TDR amount		$ 63,000
Financing receivable modified from modification		3,000
Commercial Real Estate Portfolio Segment [Member] | Interest Only Payments for Nine Months [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract	1
TDR amount	$ 30,000
Loans held for investment	645	645
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	4,000	$ 4,000
TDRs during period | contract		2
TDR amount		$ 949,000
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member] | Payment Deferral [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		1
TDR amount		$ 857,000
Financing receivable modified deferral Period		6 months
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member] | Reduction in Principal and Interest [Member]
Accounts Notes And Loans Receivable [Line Items]
TDR amount		$ 92,000
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member] | Reduction in Principal and Interest [Member] | Financial Asset, 1 to 29 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		1
Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member] | Reamortization [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		2
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		2
TDR amount		$ 416,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Reamortization [Member]
Accounts Notes And Loans Receivable [Line Items]
TDR amount		$ 416,000
Remaining term of loan		25 years
Residential Portfolio Segment [Member] | 1-4 Family Residential
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	606,226,000	$ 606,226,000	609,694,000
Financing receivable, allowance for credit loss	4,938,000	4,938,000	4,091,000	3,588,000
Residential Portfolio Segment [Member] | 1-4 Family Residential | Modeled Expected Credit Losses [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable, allowance for credit loss	4,559,000	4,559,000	3,579,000
Consumer Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	611,583,000	$ 611,583,000	405,278,000
TDRs during period | contract		5
TDR amount		$ 288,000
Financing receivable, allowance for credit loss	26,088,000	$ 26,088,000	3,895,000	$ 787,000
Percentage of aggregate loans, modified in period		0.07%
Consumer Portfolio Segment [Member] | Reduction in Principal and Interest [Member]
Accounts Notes And Loans Receivable [Line Items]
TDRs during period | contract		2
TDR amount		$ 180,000
Financing receivable modified deferral Period		4 months
Consumer Portfolio Segment [Member] | Reduction in Monthly Payments [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing receivable modified deferral Period		84 months
Consumer Portfolio Segment [Member] | Interest Only Payments for Eleven Months [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Loans Not Past Due	$ 549	$ 549
TDRs during period | contract	1
TDR amount	$ 15,000
Consumer Portfolio Segment [Member] | Financing Receivables, Secured By First Lien [Member]
Accounts Notes And Loans Receivable [Line Items]
Percentage of aggregate loans, modified in period		0.07%
Consumer Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Percentage of aggregate loans, modified in period		0.21%
Paycheck Protection Program Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Financing Receivable, 90 Days or More Past Due, Still Accruing	$ 1,700,000	$ 1,700,000	$ 3,400,000

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of Loans, net of Unearned Income) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Loans held for sale, at fair value	$ 57,691	$ 27,626
Loans held for investment	3,219,414	2,946,637
Loans held for investment, collateralizing secured borrowings	20,505
Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	15,577	47,832
Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	393	277
Receivables Acquired with Deteriorated Credit Quality [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,649	6,628
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,213,765	2,940,009
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,997,536	2,009,426
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	455,397	459,866
Loans held for investment, collateralizing secured borrowings	7,700
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,986	4,129
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	455,397	459,866
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	455,397	459,866
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	578,600	579,733
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,365	26,108
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	578,600	579,733
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	578,600	579,733
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,044
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,338	1,352
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		5,970
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,044	5,970
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	164,742
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	65	72
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	164,742	148,690
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	164,742	148,690
Residential Portfolio Segment [Member] | 1-4 Family Residential
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	606,226	609,694
Residential Portfolio Segment [Member] | 1-4 Family Residential | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,512	10,874
Residential Portfolio Segment [Member] | 1-4 Family Residential | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	606,226	609,694
Residential Portfolio Segment [Member] | 1-4 Family Residential | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	606,226	609,694
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	127,857	140,321
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	925	998
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	127,857	140,321
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	127,857	140,321
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	59,670	65,152
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	289	20
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	59,670	65,152
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Real Estate [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	59,670	65,152
Commercial Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment, collateralizing secured borrowings	12,800
Commercial Portfolio Segment [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,649
Commercial Portfolio Segment [Member] | Paycheck Protection Program Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,023	4,564
Commercial Portfolio Segment [Member] | Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,023	4,564
Commercial Portfolio Segment [Member] | Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,023	4,564
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		5,970
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,044
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		148,690
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	602,623	520,741
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Collateral Pledged [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,097	4,279
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		16
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	602,623	520,741
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	602,623	520,741
Consumer Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	611,583	405,278
Consumer Portfolio Segment [Member] | Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	393	261
Consumer Portfolio Segment [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	611,583	405,278
Consumer Portfolio Segment [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Uncollateralized [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	$ 611,583	$ 405,278

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of Details of Aging of the Recorded Investment in Past Due loans by Class of Loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	$ 3,219,414	$ 2,946,637
Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	9,095
Recorded Investment, Nonaccrual Loans	9,095	35,484
Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	9,446	5,136
Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,168	2,111
Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,190	10,806
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	6,619	28,038
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,905	24,678
Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	20,233	35,285
Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	3,199,181	2,911,352
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	455,397	459,866
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	578,600	579,733
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,044
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	164,742
Residential Portfolio Segment [Member] | 1-4 Family Residential
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	606,226	609,694
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	127,857	140,321
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	59,670	65,152
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		5,970
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		148,690
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	602,623	520,741
Consumer Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	611,583	405,278
Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,023	4,564
Receivables Acquired with Deteriorated Credit Quality [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,649	6,628
Receivables Acquired with Deteriorated Credit Quality [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,241
Recorded Investment, Nonaccrual Loans	1,241	1,328
Receivables Acquired with Deteriorated Credit Quality [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,061
Receivables Acquired with Deteriorated Credit Quality [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	128
Receivables Acquired with Deteriorated Credit Quality [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,241	1,328
Receivables Acquired with Deteriorated Credit Quality [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,241	1,328
Receivables Acquired with Deteriorated Credit Quality [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,430	1,328
Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	2,219	5,300
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,649
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,213,765	2,940,009
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	7,854
Recorded Investment, Nonaccrual Loans	7,854	34,156
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	7,385	5,136
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,040	2,111
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,190	10,806
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,378	26,710
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,664	23,350
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	16,803	33,957
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	3,196,962	2,906,052
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	455,397	459,866
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	688
Recorded Investment, Nonaccrual Loans	688	509
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	75	55
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	469	509
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	219
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	219
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	294	55
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	455,103	459,811
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	578,600	579,733
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans		19,641
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,155	290
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		169
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		19,641
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		19,641
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,155	20,100
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	577,445	559,633
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		5,970
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	480
Recorded Investment, Nonaccrual Loans	480	713
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	480	713
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans		5,970
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	164,742	148,690
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	23
Recorded Investment, Nonaccrual Loans	23	29
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	26	46
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	143
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	23	29
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	169	46
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	164,573	148,644
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	606,226	609,694
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,813
Recorded Investment, Nonaccrual Loans	2,813	9,299
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,850	2,180
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	838	410
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,437	8,995
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,376	304
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,376	304
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	4,064	2,894
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	602,162	606,800
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	127,857	140,321
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	127,857	140,321
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	59,670	65,152
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,127
Recorded Investment, Nonaccrual Loans	1,127	550
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	416	431
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	378	96
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	571	301
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	556	249
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	556	249
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,350	776
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	58,320	64,376
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	5,044
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	5,044
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	602,623	520,741
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,779
Recorded Investment, Nonaccrual Loans	1,779	3,077
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	40	39
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	588
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	576	121
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,203	2,956
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,203	2,956
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,831	2,995
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	600,792	517,746
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	611,583	405,278
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	944
Recorded Investment, Nonaccrual Loans		334
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	3,805	2,079
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,093	1,421
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		134
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	310	200
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		200
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	6,208	3,700
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	605,375	401,578
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Other Consumer Loans | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	944
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Other Consumer Loans | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	634
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Other Consumer Loans | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	310
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	2,023	4,564
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans		4
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	18	16
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		15
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Financial Asset, 1 to 89 Days Past Due [Member] | Nonperforming Financial Instruments [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment		4
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,714	3,360
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Total Past Due
Accounts Notes And Loans Receivable [Line Items]
Loans held for investment	1,732	3,391
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Loans Not Past Due
Accounts Notes And Loans Receivable [Line Items]
Recorded Investment, Nonaccrual Loans	$ 291	$ 1,173

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of nonaccrual loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Recorded Investment, Loans Not Past Due	$ 3,219,414	$ 2,946,637
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	582,826	1,013,317
Year two originated	925,077	529,190
Year three originated	502,061	139,928
Year four originated	129,125	150,284
Year five originated	129,606	156,531
Prior	770,751	742,564
Revolving Loan	155,215	180,332
Revolving Loans Converted to Term	24,753	34,491
Total	3,219,414	2,946,637
Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	9,095
Recorded Investment, Nonaccrual Loans	9,095	35,484
Nonaccrual with No Credit Loss Allowance	7,523	32,493
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	7
Year two originated	1,038
Year three originated	1,076
Year four originated	169
Year five originated	40
Prior	5,149
Revolving Loan	1,035
Revolving Loans Converted to Term	581
Total	9,095
Total Past Due
Recorded Investment, Loans Not Past Due	20,233	35,285
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	20,233	35,285
Loans Not Past Due
Recorded Investment, Nonaccrual Loans	3,199,181	2,911,352
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Recorded Investment, Loans Not Past Due	455,397	459,866
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	42,262	116,545
Year two originated	97,259	58,202
Year three originated	61,535	19,178
Year four originated	17,914	21,985
Year five originated	23,770	27,397
Prior	202,100	206,430
Revolving Loan	4,054	3,389
Revolving Loans Converted to Term	6,503	6,740
Total	455,397	459,866
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Recorded Investment, Loans Not Past Due	578,600	579,733
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	19,474	28,128
Year two originated	65,355	126,291
Year three originated	119,065	46,262
Year four originated	44,310	41,631
Year five originated	37,446	69,694
Prior	285,247	259,888
Revolving Loan	1,847	4,173
Revolving Loans Converted to Term	5,856	3,666
Total	578,600	579,733
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Recorded Investment, Loans Not Past Due	5,044
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	361
Year three originated	10
Year four originated	98
Prior	3,813
Revolving Loan	607
Revolving Loans Converted to Term	155
Total	5,044
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Recorded Investment, Loans Not Past Due	164,742
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	32,496
Year two originated	41,304
Year three originated	72,337
Year four originated	512
Year five originated	2,478
Prior	14,887
Revolving Loan	727
Revolving Loans Converted to Term	1
Total	164,742
Residential Portfolio Segment [Member] | 1-4 Family Residential
Recorded Investment, Loans Not Past Due	606,226	609,694
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	37,097	152,463
Year two originated	165,085	157,233
Year three originated	148,845	43,812
Year four originated	40,737	69,367
Year five originated	56,277	40,707
Prior	151,905	140,122
Revolving Loan	3,293	1,837
Revolving Loans Converted to Term	2,987	4,153
Total	606,226	609,694
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Recorded Investment, Loans Not Past Due	127,857	140,321
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	544	9,953
Year two originated	8,105	21,927
Year three originated	21,404	18,338
Year four originated	17,738	7,064
Year five originated	6,925	1,804
Prior	68,875	76,072
Revolving Loan	3,360	4,192
Revolving Loans Converted to Term	906	971
Total	127,857	140,321
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Recorded Investment, Loans Not Past Due	59,670	65,152
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	521	463
Year two originated	487	431
Year three originated	417	52
Year four originated	48	63
Year five originated	72	230
Prior	3,087	4,147
Revolving Loan	54,165	58,788
Revolving Loans Converted to Term	873	978
Total	59,670	65,152
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Recorded Investment, Loans Not Past Due		5,970
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated		141
Year two originated		16
Year three originated		110
Year four originated		6
Prior		3,803
Revolving Loan		1,697
Revolving Loans Converted to Term		197
Total		5,970
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Recorded Investment, Loans Not Past Due		148,690
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated		44,253
Year two originated		73,226
Year three originated		847
Year four originated		3,006
Year five originated		6,937
Prior		19,582
Revolving Loan		822
Revolving Loans Converted to Term		17
Total		148,690
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Recorded Investment, Loans Not Past Due	602,623	520,741
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	155,238	295,459
Year two originated	269,011	60,038
Year three originated	51,187	7,401
Year four originated	5,916	6,822
Year five originated	2,540	9,228
Prior	31,463	21,508
Revolving Loan	80,164	102,516
Revolving Loans Converted to Term	7,104	17,769
Total	602,623	520,741
Consumer Portfolio Segment [Member]
Recorded Investment, Loans Not Past Due	611,583	405,278
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	294,833	365,912
Year two originated	278,471	29,697
Year three originated	26,174	1,493
Year four originated	916	340
Year five originated	98	534
Prior	3,725	4,384
Revolving Loan	6,998	2,918
Revolving Loans Converted to Term	368
Total	611,583	405,278
Receivables Acquired with Deteriorated Credit Quality [Member]
Recorded Investment, Loans Not Past Due	5,649	6,628
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior		6,628
Total	5,649	6,628
Receivables Acquired with Deteriorated Credit Quality [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	1,241
Recorded Investment, Nonaccrual Loans	1,241	1,328
Nonaccrual with No Credit Loss Allowance	1,241	1,328
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior	1,241
Total	1,241
Receivables Acquired with Deteriorated Credit Quality [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	3,430	1,328
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	3,430	1,328
Receivables Acquired with Deteriorated Credit Quality [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	2,219	5,300
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member]
Recorded Investment, Loans Not Past Due	5,649
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior	5,649
Total	5,649
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Recorded Investment, Loans Not Past Due	3,213,765	2,940,009
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	3,213,765	2,940,009
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	7,854
Recorded Investment, Nonaccrual Loans	7,854	34,156
Nonaccrual with No Credit Loss Allowance	6,282	31,165
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	7
Year two originated	1,038
Year three originated	1,076
Year four originated	169
Year five originated	40
Prior	3,908
Revolving Loan	1,035
Revolving Loans Converted to Term	581
Total	7,854
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	16,803	33,957
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	16,803	33,957
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	3,196,962	2,906,052
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Recorded Investment, Loans Not Past Due	455,397	459,866
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	455,397	459,866
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	688
Recorded Investment, Nonaccrual Loans	688	509
Nonaccrual with No Credit Loss Allowance	688	509
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year three originated	219
Prior	469
Total	688
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Total Past Due
Recorded Investment, Loans Not Past Due	294	55
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	294	55
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	455,103	459,811
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Recorded Investment, Loans Not Past Due	578,600	579,733
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	578,600	579,733
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Nonperforming Financial Instruments [Member]
Recorded Investment, Nonaccrual Loans		19,641
Nonaccrual with No Credit Loss Allowance		19,641
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Total Past Due
Recorded Investment, Loans Not Past Due	1,155	20,100
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	1,155	20,100
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	577,445	559,633
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Recorded Investment, Loans Not Past Due		5,970
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total		5,970
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	480
Recorded Investment, Nonaccrual Loans	480	713
Nonaccrual with No Credit Loss Allowance	480	713
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior	480
Total	480
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans		5,970
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Recorded Investment, Loans Not Past Due	164,742	148,690
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	164,742	148,690
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	23
Recorded Investment, Nonaccrual Loans	23	29
Nonaccrual with No Credit Loss Allowance	23	29
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior	23
Total	23
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	169	46
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	169	46
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	164,573	148,644
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential
Recorded Investment, Loans Not Past Due	606,226	609,694
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	606,226	609,694
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	2,813
Recorded Investment, Nonaccrual Loans	2,813	9,299
Nonaccrual with No Credit Loss Allowance	2,813	9,299
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year two originated	585
Year four originated	160
Year five originated	40
Prior	1,811
Revolving Loans Converted to Term	217
Total	2,813
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Total Past Due
Recorded Investment, Loans Not Past Due	4,064	2,894
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	4,064	2,894
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	602,162	606,800
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Recorded Investment, Loans Not Past Due	127,857	140,321
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	127,857	140,321
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	127,857	140,321
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Recorded Investment, Loans Not Past Due	59,670	65,152
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	59,670	65,152
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	1,127
Recorded Investment, Nonaccrual Loans	1,127	550
Nonaccrual with No Credit Loss Allowance	1,127	550
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Prior	75
Revolving Loan	1,035
Revolving Loans Converted to Term	17
Total	1,127
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	1,350	776
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	1,350	776
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	58,320	64,376
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Recorded Investment, Loans Not Past Due	5,044
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	5,044
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	5,044
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Recorded Investment, Loans Not Past Due	602,623	520,741
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	602,623	520,741
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	1,779
Recorded Investment, Nonaccrual Loans	1,779	3,077
Nonaccrual with No Credit Loss Allowance	207	121
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year three originated	383
Prior	1,049
Revolving Loans Converted to Term	347
Total	1,779
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Total Past Due
Recorded Investment, Loans Not Past Due	1,831	2,995
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	1,831	2,995
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	600,792	517,746
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member]
Recorded Investment, Loans Not Past Due	611,583	405,278
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	611,583	405,278
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Loans Not Past Due	944
Recorded Investment, Nonaccrual Loans		334
Nonaccrual with No Credit Loss Allowance		299
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year originated	7
Year two originated	453
Year three originated	474
Year four originated	9
Prior	1
Total	944
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	6,208	3,700
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	6,208	3,700
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	605,375	401,578
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Other Consumer Loans | Nonperforming Financial Instruments [Member]
Recorded Investment, Nonaccrual Loans	944
Nonaccrual with No Credit Loss Allowance	944
Paycheck Protection Program Loans [Member]
90 Days or More	1,700	3,400
Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member]
Recorded Investment, Loans Not Past Due	2,023	4,564
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Year two originated		2,129
Year three originated	1,087	2,435
Year four originated	936
Total	2,023	4,564
Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member]
Recorded Investment, Loans Not Past Due	2,023	4,564
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	2,023	4,564
Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Nonperforming Financial Instruments [Member]
Recorded Investment, Nonaccrual Loans		4
Nonaccrual with No Credit Loss Allowance		4
Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Total Past Due
Recorded Investment, Loans Not Past Due	1,732	3,391
Nonaccrual Loans By Class And Year Of Origination [Abstract]
Total	1,732	3,391
Paycheck Protection Program Loans [Member] | Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Loans Not Past Due
Recorded Investment, Nonaccrual Loans	$ 291	$ 1,173

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of the risk category of loans by class of loans) (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Credit Quality Information [Abstract]
Year originated	$ 582,826,000	$ 1,013,317,000
Year two originated	925,077,000	529,190,000
Year three originated	502,061,000	139,928,000
Year four originated	129,125,000	150,284,000
Year five originated	129,606,000	156,531,000
Prior	770,751,000	742,564,000
Revolving Loan	155,215,000	180,332,000
Revolving Loans Converted to Term	24,753,000	34,491,000
Total	3,219,414,000	$ 2,946,637,000
Gross Write Off Of Receivable Year One Originated Current Fiscal Year	2,379,000
Gross Write Off Of Receivable Year Two Originated Current Fiscal Year	7,910,000
Gross Write Off Of Receivable Year Three Originated Current Fiscal Year	621,000
Gross Write Off Of Receivable Year Four Originated Current Fiscal Year	20,000
Gross Write Off Of Receivable Year Five Originated Current Fiscal Year	572,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	3,554,000
Gross Write Off Of Receivable Revolving	1,638,000
Gross charge offs	$ 16,694,000
Year originated, Weighted average risk grade	3.28	3.20
Year two originated, Weighted average risk grade	3	3.19
Year three originated, Weighted average risk grade	3.20	3.48
Year four originated, Weighted average risk grade	3.50	3.54
Year five originated, Weighted average risk grade	3.40	3.60
Prior, Weighted average risk grade	3.52	3.57
Revolving loan, Weighted average risk grade	3.22	3.35
Revolving loans converted to term, Weighted average risk grade	3.59	3.53
Weighted average risk grade	3.26	3.36
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 4,052,000	$ 19,572,000
Doubtful [Member]
Credit Quality Information [Abstract]
Total	0	0
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Credit Quality Information [Abstract]
Year originated	42,262,000	116,545,000
Year two originated	97,259,000	58,202,000
Year three originated	61,535,000	19,178,000
Year four originated	17,914,000	21,985,000
Year five originated	23,770,000	27,397,000
Prior	202,100,000	206,430,000
Revolving Loan	4,054,000	3,389,000
Revolving Loans Converted to Term	6,503,000	6,740,000
Total	$ 455,397,000	$ 459,866,000
Year originated, Weighted average risk grade	3.52	3.25
Year two originated, Weighted average risk grade	3.35	3.45
Year three originated, Weighted average risk grade	3.44	3.38
Year four originated, Weighted average risk grade	3.38	3.27
Year five originated, Weighted average risk grade	3.37	3.43
Prior, Weighted average risk grade	3.54	3.50
Revolving loan, Weighted average risk grade	3.46	3.52
Revolving loans converted to term, Weighted average risk grade	3.97	3.96
Weighted average risk grade	3.48	3.42
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 2,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Pass [Member]
Credit Quality Information [Abstract]
Year originated	42,262,000	$ 116,545,000
Year two originated	97,259,000	58,202,000
Year three originated	61,316,000	19,178,000
Year four originated	17,914,000	21,985,000
Year five originated	23,675,000	27,397,000
Prior	191,674,000	202,484,000
Revolving Loan	4,054,000	3,389,000
Revolving Loans Converted to Term	6,503,000	6,740,000
Total	444,657,000	455,920,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Special Mention [Member]
Credit Quality Information [Abstract]
Prior	5,368,000	988,000
Total	5,368,000	988,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied | Substandard [Member]
Credit Quality Information [Abstract]
Year three originated	219,000
Year five originated	95,000
Prior	5,058,000	2,958,000
Total	5,372,000	2,958,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Credit Quality Information [Abstract]
Year originated	19,474,000	28,128,000
Year two originated	65,355,000	126,291,000
Year three originated	119,065,000	46,262,000
Year four originated	44,310,000	41,631,000
Year five originated	37,446,000	69,694,000
Prior	285,247,000	259,888,000
Revolving Loan	1,847,000	4,173,000
Revolving Loans Converted to Term	5,856,000	3,666,000
Total	578,600,000	$ 579,733,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	1,170,000
Gross charge offs	$ 1,170,000
Year originated, Weighted average risk grade	3.09	3.36
Year two originated, Weighted average risk grade	3.35	3.16
Year three originated, Weighted average risk grade	3.08	3.82
Year four originated, Weighted average risk grade	3.83	3.95
Year five originated, Weighted average risk grade	3.95	4.01
Prior, Weighted average risk grade	3.64	3.82
Revolving loan, Weighted average risk grade	3.44	2.87
Revolving loans converted to term, Weighted average risk grade	2.86	3.33
Weighted average risk grade	3.50	3.68
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 2,865,000	$ 3,065,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Pass [Member]
Credit Quality Information [Abstract]
Year originated	19,474,000	28,128,000
Year two originated	65,355,000	126,291,000
Year three originated	119,065,000	44,696,000
Year four originated	42,781,000	41,631,000
Year five originated	37,446,000	55,702,000
Prior	282,497,000	228,735,000
Revolving Loan	1,847,000	4,173,000
Revolving Loans Converted to Term	5,856,000	3,065,000
Total	574,321,000	532,421,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Special Mention [Member]
Credit Quality Information [Abstract]
Year three originated		1,566,000
Year four originated	1,529,000
Year five originated		926,000
Prior	2,750,000	24,580,000
Revolving Loans Converted to Term		601,000
Total	4,279,000	27,673,000
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied | Substandard [Member]
Credit Quality Information [Abstract]
Year five originated		13,066,000
Prior		6,573,000
Total		$ 19,639,000
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Credit Quality Information [Abstract]
Year originated	361,000
Year three originated	10,000
Year four originated	98,000
Prior	3,813,000
Revolving Loan	607,000
Revolving Loans Converted to Term	155,000
Total	$ 5,044,000
Year originated, Weighted average risk grade	3.81
Year three originated, Weighted average risk grade	4
Year four originated, Weighted average risk grade	4	6
Prior, Weighted average risk grade	4.04
Revolving loan, Weighted average risk grade	4
Revolving loans converted to term, Weighted average risk grade	3.11	3.70
Weighted average risk grade	3.99
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period		$ 198,000
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated	$ 361,000
Year three originated	10,000
Year four originated	98,000
Prior	3,333,000
Revolving Loan	607,000
Revolving Loans Converted to Term	155,000
Total	4,564,000
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior	480,000
Total	480,000
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Credit Quality Information [Abstract]
Year originated	32,496,000
Year two originated	41,304,000
Year three originated	72,337,000
Year four originated	512,000
Year five originated	2,478,000
Prior	14,887,000
Revolving Loan	727,000
Revolving Loans Converted to Term	1,000
Total	164,742,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	2,000
Gross charge offs	$ 2,000
Year originated, Weighted average risk grade	3.44
Year two originated, Weighted average risk grade	3.06
Year three originated, Weighted average risk grade	3.40
Year four originated, Weighted average risk grade	3.37
Year five originated, Weighted average risk grade	3.29
Prior, Weighted average risk grade	3.44
Revolving loan, Weighted average risk grade	3.41
Revolving loans converted to term, Weighted average risk grade	4
Weighted average risk grade	3.33
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated	$ 32,496,000
Year two originated	41,304,000
Year three originated	72,337,000
Year four originated	512,000
Year five originated	2,478,000
Prior	13,912,000
Revolving Loan	727,000
Revolving Loans Converted to Term	1,000
Total	163,767,000
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Special Mention [Member]
Credit Quality Information [Abstract]
Prior	952,000
Total	952,000
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior	23,000
Total	23,000
Residential Portfolio Segment [Member] | 1-4 Family Residential
Credit Quality Information [Abstract]
Year originated	37,097,000	152,463,000
Year two originated	165,085,000	157,233,000
Year three originated	148,845,000	43,812,000
Year four originated	40,737,000	69,367,000
Year five originated	56,277,000	40,707,000
Prior	151,905,000	140,122,000
Revolving Loan	3,293,000	1,837,000
Revolving Loans Converted to Term	2,987,000	4,153,000
Total	606,226,000	$ 609,694,000
Gross Write Off Of Receivable Year Five Originated Current Fiscal Year	572,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	198,000
Gross charge offs	$ 770,000
Year originated, Weighted average risk grade	3.10	3.09
Year two originated, Weighted average risk grade	3.10	3.04
Year three originated, Weighted average risk grade	3.04	3.07
Year four originated, Weighted average risk grade	3.07	3.41
Year five originated, Weighted average risk grade	3.08	3.13
Prior, Weighted average risk grade	3.25	3.23
Revolving loan, Weighted average risk grade	3.62	3.92
Revolving loans converted to term, Weighted average risk grade	3.50	3.54
Weighted average risk grade	3.12	3.15
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 133,000	$ 1,492,000
Residential Portfolio Segment [Member] | 1-4 Family Residential | Pass [Member]
Credit Quality Information [Abstract]
Year originated	37,097,000	152,178,000
Year two originated	163,464,000	157,233,000
Year three originated	148,845,000	43,812,000
Year four originated	40,697,000	61,268,000
Year five originated	56,117,000	40,707,000
Prior	148,066,000	138,782,000
Revolving Loan	3,293,000	1,837,000
Revolving Loans Converted to Term	2,499,000	3,437,000
Total	600,078,000	599,254,000
Residential Portfolio Segment [Member] | 1-4 Family Residential | Special Mention [Member]
Credit Quality Information [Abstract]
Year two originated	1,036,000
Prior	511,000	30,000
Total	1,547,000	30,000
Residential Portfolio Segment [Member] | 1-4 Family Residential | Substandard [Member]
Credit Quality Information [Abstract]
Year originated		285,000
Year two originated	585,000
Year four originated	40,000	8,099,000
Year five originated	160,000
Prior	3,328,000	1,310,000
Revolving Loans Converted to Term	488,000	716,000
Total	4,601,000	10,410,000
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Credit Quality Information [Abstract]
Year originated	544,000	9,953,000
Year two originated	8,105,000	21,927,000
Year three originated	21,404,000	18,338,000
Year four originated	17,738,000	7,064,000
Year five originated	6,925,000	1,804,000
Prior	68,875,000	76,072,000
Revolving Loan	3,360,000	4,192,000
Revolving Loans Converted to Term	906,000	971,000
Total	$ 127,857,000	$ 140,321,000
Year originated, Weighted average risk grade	3	3.58
Year two originated, Weighted average risk grade	3.70	3
Year three originated, Weighted average risk grade	3	3.90
Year four originated, Weighted average risk grade	3.91	3
Year five originated, Weighted average risk grade	3	3.21
Prior, Weighted average risk grade	3.35	3.31
Revolving loan, Weighted average risk grade	3.97	4
Revolving loans converted to term, Weighted average risk grade	4.63	4.61
Weighted average risk grade	3.40	3.37
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period		$ 676,000
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated	$ 544,000	9,953,000
Year two originated	8,105,000	21,927,000
Year three originated	21,404,000	18,338,000
Year four originated	17,738,000	7,064,000
Year five originated	6,925,000	1,804,000
Prior	68,238,000	75,370,000
Revolving Loan	3,360,000	4,192,000
Revolving Loans Converted to Term	619,000	676,000
Total	126,933,000	139,324,000
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior	637,000	702,000
Revolving Loans Converted to Term	287,000	295,000
Total	924,000	997,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Credit Quality Information [Abstract]
Year originated	521,000	463,000
Year two originated	487,000	431,000
Year three originated	417,000	52,000
Year four originated	48,000	63,000
Year five originated	72,000	230,000
Prior	3,087,000	4,147,000
Revolving Loan	54,165,000	58,788,000
Revolving Loans Converted to Term	873,000	978,000
Total	59,670,000	$ 65,152,000
Gross Write Off Of Receivable Revolving	32,000
Gross charge offs	$ 32,000
Year originated, Weighted average risk grade	3.01	3
Year two originated, Weighted average risk grade	3	3
Year three originated, Weighted average risk grade	3	3
Year four originated, Weighted average risk grade	3	3
Year five originated, Weighted average risk grade	3	3
Prior, Weighted average risk grade	3.95	3.94
Revolving loan, Weighted average risk grade	3.10	3.05
Revolving loans converted to term, Weighted average risk grade	3.93	3.89
Weighted average risk grade	3.15	3.12
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period		$ 832,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated	$ 521,000	463,000
Year two originated	487,000	431,000
Year three originated	417,000	52,000
Year four originated	48,000	63,000
Year five originated	72,000	230,000
Prior	3,012,000	4,093,000
Revolving Loan	52,923,000	58,312,000
Revolving Loans Converted to Term	856,000	957,000
Total	58,336,000	64,601,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Special Mention [Member]
Credit Quality Information [Abstract]
Revolving Loan	111,000
Total	111,000
Residential Portfolio Segment [Member] | Home Equity Loan [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior	75,000	54,000
Revolving Loan	1,131,000	476,000
Revolving Loans Converted to Term	17,000	21,000
Total	1,223,000	551,000
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Credit Quality Information [Abstract]
Year originated		141,000
Year two originated		16,000
Year three originated		110,000
Year four originated		6,000
Prior		3,803,000
Revolving Loan		1,697,000
Revolving Loans Converted to Term		197,000
Total		$ 5,970,000
Year originated, Weighted average risk grade		4
Year two originated, Weighted average risk grade		4
Year three originated, Weighted average risk grade		4
Prior, Weighted average risk grade		4.20
Revolving loan, Weighted average risk grade		3.98
Weighted average risk grade		4.13
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated		$ 141,000
Year two originated		16,000
Year three originated		110,000
Prior		2,279,000
Revolving Loan		1,697,000
Revolving Loans Converted to Term		85,000
Total		4,328,000
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Special Mention [Member]
Credit Quality Information [Abstract]
Prior		649,000
Revolving Loans Converted to Term		112,000
Total		761,000
Commercial Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Year four originated		6,000
Prior		875,000
Total		881,000
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Credit Quality Information [Abstract]
Year originated		44,253,000
Year two originated		73,226,000
Year three originated		847,000
Year four originated		3,006,000
Year five originated		6,937,000
Prior		19,582,000
Revolving Loan		822,000
Revolving Loans Converted to Term		17,000
Total		$ 148,690,000
Year originated, Weighted average risk grade		3.21
Year two originated, Weighted average risk grade		3.06
Year three originated, Weighted average risk grade		3.60
Year four originated, Weighted average risk grade		3.42
Year five originated, Weighted average risk grade		3.17
Prior, Weighted average risk grade		3.69
Revolving loan, Weighted average risk grade		3.36
Revolving loans converted to term, Weighted average risk grade		4
Weighted average risk grade		3.20
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated		$ 44,253,000
Year two originated		73,226,000
Year three originated		847,000
Year four originated		3,006,000
Year five originated		6,937,000
Prior		19,553,000
Revolving Loan		822,000
Revolving Loans Converted to Term		17,000
Total		148,661,000
Commercial Portfolio Segment [Member] | Construction Loans [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior		29,000
Total		29,000
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Credit Quality Information [Abstract]
Year originated	155,238,000	295,459,000
Year two originated	269,011,000	60,038,000
Year three originated	51,187,000	7,401,000
Year four originated	5,916,000	6,822,000
Year five originated	2,540,000	9,228,000
Prior	31,463,000	21,508,000
Revolving Loan	80,164,000	102,516,000
Revolving Loans Converted to Term	7,104,000	17,769,000
Total	$ 602,623,000	$ 520,741,000
Year originated, Weighted average risk grade	2.97	3.14
Year two originated, Weighted average risk grade	3.10	3.41
Year three originated, Weighted average risk grade	3.35	3.38
Year four originated, Weighted average risk grade	3.41	3.90
Year five originated, Weighted average risk grade	4.02	3.42
Prior, Weighted average risk grade	3.50	3.70
Revolving loan, Weighted average risk grade	3.26	3.47
Revolving loans converted to term, Weighted average risk grade	3.70	3.33
Weighted average risk grade	3.14	3.29
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 684,000	$ 13,309,000
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Pass [Member]
Credit Quality Information [Abstract]
Year originated	155,238,000	295,459,000
Year two originated	269,011,000	59,642,000
Year three originated	50,804,000	7,332,000
Year four originated	5,683,000	6,658,000
Year five originated	2,370,000	9,228,000
Prior	30,240,000	19,830,000
Revolving Loan	78,984,000	100,407,000
Revolving Loans Converted to Term	7,104,000	17,381,000
Total	599,434,000	515,937,000
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Special Mention [Member]
Credit Quality Information [Abstract]
Year two originated		396,000
Year three originated		64,000
Year four originated	21,000	74,000
Year five originated	114,000
Revolving Loan	1,180,000	519,000
Revolving Loans Converted to Term		388,000
Total	1,315,000	1,441,000
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan | Substandard [Member]
Credit Quality Information [Abstract]
Year three originated	383,000	5,000
Year four originated	212,000	90,000
Year five originated	56,000
Prior	1,223,000	1,678,000
Revolving Loan		1,590,000
Total	1,874,000	3,363,000
Consumer Portfolio Segment [Member]
Credit Quality Information [Abstract]
Year originated	294,833,000	365,912,000
Year two originated	278,471,000	29,697,000
Year three originated	26,174,000	1,493,000
Year four originated	916,000	340,000
Year five originated	98,000	534,000
Prior	3,725,000	4,384,000
Revolving Loan	6,998,000	2,918,000
Revolving Loans Converted to Term	368,000
Total	611,583,000	$ 405,278,000
Gross Write Off Of Receivable Year One Originated Current Fiscal Year	2,379,000
Gross Write Off Of Receivable Year Two Originated Current Fiscal Year	7,910,000
Gross Write Off Of Receivable Year Three Originated Current Fiscal Year	621,000
Gross Write Off Of Receivable Year Four Originated Current Fiscal Year	3,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	944,000
Gross Write Off Of Receivable Revolving	9,000
Gross charge offs	$ 11,866,000
Year originated, Weighted average risk grade	3.43	3.24
Year two originated, Weighted average risk grade	2.59	3.74
Year three originated, Weighted average risk grade	3.55	3.99
Year four originated, Weighted average risk grade	4	3.98
Year five originated, Weighted average risk grade	4.13	4
Prior, Weighted average risk grade	5.81	4.02
Revolving loan, Weighted average risk grade	2.80	3.81
Weighted average risk grade	3.06	3.30
Credit Quality Revolving Loans Converted to Term Loans [Abstract]
Revolving loans converted to term loans, during the period	$ 368,000
Consumer Portfolio Segment [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year originated	294,825,000	$ 365,842,000
Year two originated	277,640,000	29,184,000
Year three originated	25,695,000	1,493,000
Year four originated	916,000	340,000
Year five originated	89,000	534,000
Prior	3,661,000	4,319,000
Revolving Loan	6,998,000	2,918,000
Revolving Loans Converted to Term	368,000
Total	610,192,000	404,630,000
Consumer Portfolio Segment [Member] | Special Mention [Member]
Credit Quality Information [Abstract]
Prior	63,000	65,000
Total	63,000	65,000
Consumer Portfolio Segment [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Year originated	8,000	70,000
Year two originated	831,000	513,000
Year three originated	479,000
Year five originated	9,000
Prior	1,000
Total	1,328,000	583,000
Consumer Portfolio Segment [Member] | Commercial Mortgage Loan
Credit Quality Information [Abstract]
Gross Write Off Of Receivable Year Four Originated Current Fiscal Year	17,000
Gross Write Off Of Receivable Prior to Year Five Originated Current Fiscal Year	1,240,000
Gross Write Off Of Receivable Revolving	1,597,000
Gross charge offs	2,854,000
Receivables Acquired with Deteriorated Credit Quality [Member]
Credit Quality Information [Abstract]
Prior		6,628,000
Total	5,649,000	$ 6,628,000
Prior, Weighted average risk grade		4.54
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member]
Credit Quality Information [Abstract]
Prior	5,649,000
Total	$ 5,649,000
Prior, Weighted average risk grade	4.66
Weighted average risk grade	4.66
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Credit Quality Information [Abstract]
Prior	$ 2,842,000	$ 3,692,000
Total	2,842,000	3,692,000
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Credit Quality Information [Abstract]
Prior	1,295,000	1,320,000
Total	1,295,000	1,320,000
Receivables Acquired with Deteriorated Credit Quality [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Prior	1,512,000	1,616,000
Total	1,512,000	1,616,000
Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member]
Credit Quality Information [Abstract]
Year two originated		2,129,000
Year three originated	1,087,000	2,435,000
Year four originated	936,000
Total	$ 2,023,000	$ 4,564,000
Year two originated, Weighted average risk grade		2.02
Year three originated, Weighted average risk grade	2	2
Year four originated, Weighted average risk grade	2
Weighted average risk grade	2	2.01
Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Credit Quality Information [Abstract]
Year two originated		$ 2,119,000
Year three originated	$ 1,087,000	2,435,000
Year four originated	936,000
Total	$ 2,023,000	4,554,000
Paycheck Protection Program Loans [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Credit Quality Information [Abstract]
Year two originated		10,000
Total		$ 10,000

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of calculation for allowance for credit losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing receivable, allowance for credit loss	$ 52,209	$ 34,544	$ 29,105
Allowances for loan losses	52,209	34,544	29,105
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Financing receivable, allowance for credit loss	4,255	5,558	4,562
Allowances for loan losses	4,255	5,558	4,562
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Financing receivable, allowance for credit loss	5,822	7,147	9,028
Allowances for loan losses	5,822	7,147	9,028
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Financing receivable, allowance for credit loss	31	25	56
Allowances for loan losses	31	25	56
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Financing receivable, allowance for credit loss	1,129	1,373	998
Allowances for loan losses	1,129	1,373	998
Residential Portfolio Segment [Member] | 1-4 Family Residential
Financing receivable, allowance for credit loss	4,938	4,091	3,588
Allowances for loan losses	4,938	4,091	3,588
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Financing receivable, allowance for credit loss	1,590	2,201	3,280
Allowances for loan losses	1,590	2,201	3,280
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing receivable, allowance for credit loss	364	329	437
Allowances for loan losses	364	329	437
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing receivable, allowance for credit loss	1,129	1,373
Allowances for loan losses	1,129	1,373
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Financing receivable, allowance for credit loss	6,320	7,853	4,088
Allowances for loan losses	6,320	7,853	4,088
Consumer Portfolio Segment [Member]
Financing receivable, allowance for credit loss	26,088	3,895	787
Allowances for loan losses	26,088	3,895	787
Consumer Portfolio Segment [Member] | Consumer Borrower [Member]
Financing receivable, allowance for credit loss	26,088	3,895
Allowances for loan losses	26,088	3,895
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing receivable, allowance for credit loss	1,672	2,072	2,281
Allowances for loan losses	1,672	2,072	$ 2,281
Modeled Expected Credit Losses [Member]
Financing receivable, allowance for credit loss	40,378	27,510
Allowances for loan losses	40,378	27,510
Modeled Expected Credit Losses [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Financing receivable, allowance for credit loss	3,981	5,297
Allowances for loan losses	3,981	5,297
Modeled Expected Credit Losses [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Financing receivable, allowance for credit loss	5,024	6,652
Allowances for loan losses	5,024	6,652
Modeled Expected Credit Losses [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Financing receivable, allowance for credit loss	2	4
Allowances for loan losses	2	4
Modeled Expected Credit Losses [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential
Financing receivable, allowance for credit loss	4,559	3,579
Allowances for loan losses	4,559	3,579
Modeled Expected Credit Losses [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Financing receivable, allowance for credit loss	1,144	1,814
Allowances for loan losses	1,144	1,814
Modeled Expected Credit Losses [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing receivable, allowance for credit loss	332	310
Allowances for loan losses	332	310
Modeled Expected Credit Losses [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing receivable, allowance for credit loss	745	997
Allowances for loan losses	745	997
Modeled Expected Credit Losses [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Financing receivable, allowance for credit loss	4,493	5,006
Allowances for loan losses	4,493	5,006
Modeled Expected Credit Losses [Member] | Consumer Portfolio Segment [Member] | Consumer Borrower [Member]
Financing receivable, allowance for credit loss	20,098	3,851
Allowances for loan losses	20,098	3,851
Q Factor And Other Qualitative Adjustments [Member]
Financing receivable, allowance for credit loss	3,588	2,727
Allowances for loan losses	3,588	2,727
Q Factor And Other Qualitative Adjustments [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Financing receivable, allowance for credit loss	274	261
Allowances for loan losses	274	261
Q Factor And Other Qualitative Adjustments [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Financing receivable, allowance for credit loss	798	495
Allowances for loan losses	798	495
Q Factor And Other Qualitative Adjustments [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Financing receivable, allowance for credit loss	29	21
Allowances for loan losses	29	21
Q Factor And Other Qualitative Adjustments [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential
Financing receivable, allowance for credit loss	379	512
Allowances for loan losses	379	512
Q Factor And Other Qualitative Adjustments [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Financing receivable, allowance for credit loss	446	387
Allowances for loan losses	446	387
Q Factor And Other Qualitative Adjustments [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing receivable, allowance for credit loss	32	19
Allowances for loan losses	32	19
Q Factor And Other Qualitative Adjustments [Member] | Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing receivable, allowance for credit loss	384	376
Allowances for loan losses	384	376
Q Factor And Other Qualitative Adjustments [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Financing receivable, allowance for credit loss	1,246	654
Allowances for loan losses	1,246	654
Q Factor And Other Qualitative Adjustments [Member] | Consumer Portfolio Segment [Member] | Consumer Borrower [Member]
Financing receivable, allowance for credit loss		2
Allowances for loan losses		2
Specific Allocation [Member]
Financing receivable, allowance for credit loss	8,243	4,307
Allowances for loan losses	8,243	4,307
Specific Allocation [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Financing receivable, allowance for credit loss	581	2,193
Allowances for loan losses	581	2,193
Specific Allocation [Member] | Consumer Portfolio Segment [Member] | Consumer Borrower [Member]
Financing receivable, allowance for credit loss	5,990	42
Allowances for loan losses	5,990	42
Specific Allocation [Member] | Receivables Acquired with Deteriorated Credit Quality [Member]
Financing receivable, allowance for credit loss	1,672	2,072
Allowances for loan losses	$ 1,672	$ 2,072

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of Activity for Loan and Lease Losses By Class of Loan) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	$ 34,544	$ 29,105
Provision for credit losses	32,540	11,271	$ (5,801)
Charge offs	(16,694)	(8,069)
Recoveries	1,819	2,237
Financing Receivable, Allowance for Credit Loss, Ending Balance	52,209	34,544	29,105
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	5,558	4,562
Provision for credit losses	(1,303)	1,010
Charge offs		(14)
Financing Receivable, Allowance for Credit Loss, Ending Balance	4,255	5,558	4,562
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	7,147	9,028
Provision for credit losses	(265)	2,644
Charge offs	(1,170)	(5,027)
Recoveries	110	502
Financing Receivable, Allowance for Credit Loss, Ending Balance	5,822	7,147	9,028
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	25	56
Provision for credit losses	6	(31)
Financing Receivable, Allowance for Credit Loss, Ending Balance	31	25	56
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,373	998
Provision for credit losses	(354)	375
Charge offs	(2)
Recoveries	112
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,129	1,373	998
Residential Portfolio Segment [Member] | 1-4 Family Residential
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	4,091	3,588
Provision for credit losses	1,453	444
Charge offs	(770)
Recoveries	164	59
Financing Receivable, Allowance for Credit Loss, Ending Balance	4,938	4,091	3,588
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	2,201	3,280
Provision for credit losses	(611)	(1,079)
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,590	2,201	3,280
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	329	437
Provision for credit losses	62	(97)
Charge offs	(32)	(14)
Recoveries	5	3
Financing Receivable, Allowance for Credit Loss, Ending Balance	364	329	437
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	1,373
Financing Receivable, Allowance for Credit Loss, Ending Balance	1,129	1,373
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	7,853	4,088
Provision for credit losses	373	3,167
Charge offs	(2,854)	(1,040)
Recoveries	948	1,638
Financing Receivable, Allowance for Credit Loss, Ending Balance	6,320	7,853	4,088
Consumer Portfolio Segment [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	3,895	787
Provision for credit losses	33,579	5,047
Charge offs	(11,866)	(1,974)
Recoveries	480	35
Financing Receivable, Allowance for Credit Loss, Ending Balance	26,088	3,895	787
Consumer Portfolio Segment [Member] | Consumer Borrower [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	3,895
Financing Receivable, Allowance for Credit Loss, Ending Balance	26,088	3,895
Receivables Acquired with Deteriorated Credit Quality [Member]
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss [Roll Forward]
Financing Receivable, Allowance for Credit Loss, Beginning Balance	2,072	2,281
Provision for credit losses	(400)	(209)
Financing Receivable, Allowance for Credit Loss, Ending Balance	$ 1,672	$ 2,072	$ 2,281

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of Allowance for Loan Losses and the Recorded Investment by Portfolio Segment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Ending allowance balance attributable to loans:
Financing Receivable, Individually Evaluated for Impairment, Allowance For Credit Losses	$ 8,243	$ 4,307
Total ending allowance	52,209	34,544	$ 29,105
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	24,373	43,480
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Ending allowance balance attributable to loans:
Total ending allowance	4,255	5,558	4,562
Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Ending allowance balance attributable to loans:
Total ending allowance	5,822	7,147	9,028
Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Ending allowance balance attributable to loans:
Total ending allowance	31	25	56
Commercial Real Estate Portfolio Segment [Member] | Construction Loans [Member]
Ending allowance balance attributable to loans:
Total ending allowance	1,129	1,373	998
Residential Portfolio Segment [Member] | 1-4 Family Residential
Ending allowance balance attributable to loans:
Total ending allowance	4,938	4,091	3,588
Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Ending allowance balance attributable to loans:
Total ending allowance	1,590	2,201	3,280
Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Ending allowance balance attributable to loans:
Total ending allowance	364	329	437
Commercial Portfolio Segment [Member] | Construction Loans [Member]
Ending allowance balance attributable to loans:
Total ending allowance	1,129	1,373
Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Ending allowance balance attributable to loans:
Total ending allowance	6,320	7,853	4,088
Consumer Portfolio Segment [Member]
Ending allowance balance attributable to loans:
Total ending allowance	26,088	3,895	787
Receivables Acquired with Deteriorated Credit Quality [Member]
Ending allowance balance attributable to loans:
Financing Receivable, Individually Evaluated for Impairment, Allowance For Credit Losses	1,672	2,072
Total ending allowance	1,672	2,072	$ 2,281
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	5,649	6,628
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member]
Ending allowance balance attributable to loans:
Financing Receivable, Individually Evaluated for Impairment, Allowance For Credit Losses	6,571	2,235
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	18,724	36,852
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Owner Occupied
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	5,404	2,795
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Commercial Real Estate Non-owner Occupied
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses		19,641
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Real Estate Portfolio Segment [Member] | Loans And Leases Receivable Secured By Farmland [Member]
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	480	525
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | 1-4 Family Residential
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	2,695	9,636
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Loans And Leases Receivable Multi Family Residential [Member]
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	923	996
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Residential Portfolio Segment [Member] | Home Equity Loan [Member]
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	290	21
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Commercial Portfolio Segment [Member] | Commercial Mortgage Loan
Ending allowance balance attributable to loans:
Financing Receivable, Individually Evaluated for Impairment, Allowance For Credit Losses	581	2,193
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	2,930	2,979
Financial Asset, Other than Financial Asset Acquired with Credit Deterioration [Member] | Consumer Portfolio Segment [Member]
Ending allowance balance attributable to loans:
Financing Receivable, Individually Evaluated for Impairment, Allowance For Credit Losses	5,990	42
Loans:
Financing Receivable, Individually Evaluated Loan Balance for Credit Losses	$ 6,002	$ 259

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Schedule of collateral dependent loans and non-collateral dependent loans) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Ending allowance balance attributable to loans:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	$ 3,219,414	$ 2,946,637
Collateral Dependent Assets
Ending allowance balance attributable to loans:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	15,577	47,832
Collateral value	30,907	79,543
Non Collateral Dependent Assets
Ending allowance balance attributable to loans:
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	393	277
Collateral value	$ 12	$ 224

DERIVATIVES (Consumer Program D

DERIVATIVES (Consumer Program Derivative) (Details) $ in Thousands	Dec. 31, 2023 USD ($) Y	Dec. 31, 2022 USD ($) Y
DERIVATIVES
Fair value of derivative asset	$ 10,806
Fair value of derivative liability		$ 500
Remaining cumulative charge-offs | Level 3 | Low
DERIVATIVES
Measurement input	25,661
Remaining cumulative charge-offs | Level 3 | Maximum
DERIVATIVES
Measurement input	35,334	6,777
Remaining cumulative promotional prepayments | Level 3 | Low
DERIVATIVES
Measurement input	41,085	26,211
Remaining cumulative promotional prepayments | Level 3 | Maximum
DERIVATIVES
Measurement input	75,086	47,902
Remaining cumulative promotional prepayments | Level 3 | Weighted Average
DERIVATIVES
Measurement input	49,716	30,251
Average life (years) | Level 3 | Weighted Average
DERIVATIVES
Measurement input | Y	1	2.2
Discount rate | Level 3 | Low
DERIVATIVES
Measurement input	0.0463	0.0421
Discount rate | Level 3 | Maximum
DERIVATIVES
Measurement input	0.1464	0.1425
Discount rate | Level 3 | Weighted Average
DERIVATIVES
Measurement input	0.1464	0.0853
Consumer program derivative
DERIVATIVES
Fair value of derivative asset	$ 10,800
Fair value of derivative liability		$ 100
Underlying cash flows of derivatives	$ 12,400	$ 1,300

DERIVATIVES (Mortgage Banking D

DERIVATIVES (Mortgage Banking Derivatives and Financial Instruments) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
DERIVATIVES
Fair value of derivative asset	$ 10,806
Fair value of derivative liability		$ 500
Best efforts assets, Fair Value	91	18
Best efforts assets, Notional Amount	4,677	2,658
Notional amount of mortgage loans held for sale not committed to investors	$ 46,200	$ 20,000
IRLCs | Average pullthrough rates | Level 3
DERIVATIVES
Measurement input	0.7720	0.8078
IRLCs | Average costs to originate | Level 3
DERIVATIVES
Measurement input	0.0136	0.0477
Mortgage banking derivative
DERIVATIVES
Fair value of derivative asset	$ 611	$ 921
Derivative assets, Notional Amount	23,077	25,368
Fair value of derivative liability	200	98
Derivative liabilities, Notional Amount	$ 62,250	$ 25,028

FAIR VALUE (Narrative) (Details

FAIR VALUE (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Notes And Loans Receivable [Line Items]
Allowances for loan losses	$ 52,209	$ 34,544	$ 29,105
Available for sale, Fair value	228,420	236,315
Corporate Debt Securities [Member]
Accounts Notes And Loans Receivable [Line Items]
Available for sale, Fair value	$ 14,048	$ 14,828
Minimum [Member] | Loans Payable [Member]
Accounts Notes And Loans Receivable [Line Items]
Fair value of estimated costs related to selling the collateral	5%
Maximum [Member] | Loans Payable [Member]
Accounts Notes And Loans Receivable [Line Items]
Fair value of estimated costs related to selling the collateral	10%
Weighted Average [Member] | Loans Payable [Member]
Accounts Notes And Loans Receivable [Line Items]
Fair value of estimated costs related to selling the collateral	6%

FAIR VALUE (Schedule of assets

FAIR VALUE (Schedule of assets measured at fair value on a recurring basis) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Available for sale, Fair value	$ 228,420	$ 236,315
Loans held for sale, at fair value	57,691	27,626
Derivative assets	10,806
Financial liabilities:
Derivative liabilities		500
Consumer program derivative
Financial assets:
Derivative assets	10,800
Financial liabilities:
Derivative liabilities		100
Mortgage banking derivative
Financial assets:
Derivative assets	611	921
Financial liabilities:
Derivative liabilities	200	98
US Government Agencies Debt Securities [Member]
Financial assets:
Available for sale, Fair value	96,808	102,881
US States and Political Subdivisions Debt Securities [Member]
Financial assets:
Available for sale, Fair value	30,080	29,178
Corporate Debt Securities [Member]
Financial assets:
Available for sale, Fair value	14,048	14,828
Collateralized loan obligations
Financial assets:
Available for sale, Fair value	4,982	4,876
Residential Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	34,471	26,595
Government-Sponsored Agency Securities
Financial assets:
Available for sale, Fair value	13,711	14,616
Commercial Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	30,110	37,417
SBA Pool Securities [Member]
Financial assets:
Available for sale, Fair value	4,210	5,924
Estimated Fair Value | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available for sale, Fair value	228,420	236,315
Loans held for sale, at fair value	57,691	27,626
Estimated Fair Value | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps
Financial assets:
Derivative assets	1,068
Estimated Fair Value | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Mortgage banking financial assets	91	21
Financial liabilities:
Mortgage banking financial liabilities		4
Estimated Fair Value | Fair Value, Inputs, Level 3 [Member] | Consumer program derivative
Financial assets:
Derivative assets	10,806
Financial liabilities:
Derivative liabilities		473
Estimated Fair Value | Fair Value, Inputs, Level 3 [Member] | Mortgage banking derivative
Financial liabilities:
Derivative liabilities	200	122
Fair Value, Measurements, Recurring [Member]
Financial assets:
Available for sale, Fair value	228,420	236,315
Loans held for investment	248,906
Loans held for sale, at fair value	57,691	27,626
Mortgage banking financial assets	91	21
Derivative assets		945
Assets, Fair Value Disclosure	547,593	264,907
Financial liabilities:
Mortgage banking financial liabilities		4
Liabilities, Fair Value Disclosure	200	599
Fair Value, Measurements, Recurring [Member] | Consumer program derivative
Financial assets:
Derivative assets	10,806
Financial liabilities:
Derivative liabilities		473
Fair Value, Measurements, Recurring [Member] | Mortgage banking derivative
Financial assets:
Derivative assets	611
Financial liabilities:
Derivative liabilities	200	122
Fair Value, Measurements, Recurring [Member] | Interest Rate Swaps
Financial assets:
Derivative assets	1,068
Fair Value, Measurements, Recurring [Member] | US Government Agencies Debt Securities [Member]
Financial assets:
Available for sale, Fair value	96,808	102,881
Fair Value, Measurements, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Financial assets:
Available for sale, Fair value	30,080	29,178
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Financial assets:
Available for sale, Fair value	14,048	14,828
Fair Value, Measurements, Recurring [Member] | Collateralized loan obligations
Financial assets:
Available for sale, Fair value	4,982	4,876
Fair Value, Measurements, Recurring [Member] | Residential Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	34,471	26,595
Fair Value, Measurements, Recurring [Member] | Government-Sponsored Agency Securities
Financial assets:
Available for sale, Fair value	13,711	14,616
Fair Value, Measurements, Recurring [Member] | Commercial Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	30,110	37,417
Fair Value, Measurements, Recurring [Member] | SBA Pool Securities [Member]
Financial assets:
Available for sale, Fair value	4,210	5,924
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Financial assets:
Available for sale, Fair value	228,420	236,315
Loans held for investment	248,906
Loans held for sale, at fair value	57,691	27,626
Derivative assets		921
Assets, Fair Value Disclosure	536,085	264,862
Financial liabilities:
Liabilities, Fair Value Disclosure		115
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage banking derivative
Financial liabilities:
Derivative liabilities		115
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swaps
Financial assets:
Derivative assets	1,068
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Government Agencies Debt Securities [Member]
Financial assets:
Available for sale, Fair value	96,808	102,881
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Financial assets:
Available for sale, Fair value	30,080	29,178
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Financial assets:
Available for sale, Fair value	14,048	14,828
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized loan obligations
Financial assets:
Available for sale, Fair value	4,982	4,876
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Residential Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	34,471	26,595
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Government-Sponsored Agency Securities
Financial assets:
Available for sale, Fair value	13,711	14,616
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Commercial Mortgage Backed Securities [Member]
Financial assets:
Available for sale, Fair value	30,110	37,417
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | SBA Pool Securities [Member]
Financial assets:
Available for sale, Fair value	4,210	5,924
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Financial assets:
Mortgage banking financial assets	91	21
Derivative assets		24
Assets, Fair Value Disclosure	11,508	45
Financial liabilities:
Mortgage banking financial liabilities		4
Liabilities, Fair Value Disclosure	200	484
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Consumer program derivative
Financial assets:
Derivative assets	10,806
Financial liabilities:
Derivative liabilities		473
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage banking derivative
Financial assets:
Derivative assets	611
Financial liabilities:
Derivative liabilities	$ 200	$ 7

FAIR VALUE (Schedule of Asset_2

FAIR VALUE (Schedule of Assets Measured at Fair Value on Non-recurring Basis) (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	$ 15,577	$ 47,832
Assets held for sale	6,735	3,115
Fair Value, Inputs, Level 3 [Member] | Estimated Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	15,577	47,832
Assets held for sale	$ 6,735	$ 3,115

FAIR VALUE (Schedule of estimat

FAIR VALUE (Schedule of estimated fair values and fair value hierarchy levels of financial instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financial assets:
Securities available for sale	$ 228,420	$ 236,315
Held To Maturity Securities Fair Value	10,839	12,449
Loans held for sale, at fair value	57,691	27,626
Derivative asset	10,806
Financial liabilities:
Derivative liabilities		500
Consumer program derivative
Financial assets:
Derivative asset	10,800
Financial liabilities:
Derivative liabilities		100
Mortgage banking derivative
Financial assets:
Derivative asset	611	921
Financial liabilities:
Derivative liabilities	200	98
Fair Value, Inputs, Level 1 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Cash and cash equivalents	77,553	77,859
Financial liabilities:
Securities sold under agreements to repurchase	3,044	6,445
FHLB advances	30,000	325,000
Fair Value, Inputs, Level 1 [Member] | Estimated Fair Value
Financial assets:
Cash and cash equivalents	77,553	77,859
Financial liabilities:
Securities sold under agreements to repurchase	3,044	6,445
FHLB advances	30,000	325,000
Fair Value, Inputs, Level 2 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Securities available for sale	228,420	236,315
Held To Maturity Securities Fair Value	11,650	13,520
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure	14,246	25,815
Preferred investment in mortgage affiliate	3,005	3,005
Loans held for sale, at fair value	57,691	27,626
Financial liabilities:
Demand deposits	1,245,969	1,200,259
Money market and savings accounts	1,578,288	1,057,151
Junior subordinated debt	9,830	9,781
Senior subordinated notes	85,765	85,531
Fair Value, Inputs, Level 2 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Interest Rate Swaps
Financial assets:
Derivative asset	1,068
Fair Value, Inputs, Level 2 [Member] | Estimated Fair Value
Financial assets:
Securities available for sale	228,420	236,315
Held To Maturity Securities Fair Value	10,839	12,449
Federal Funds Sold and Securities Borrowed or Purchased under Agreements to Resell, Fair Value Disclosure	14,246	25,815
Preferred investment in mortgage affiliate	3,005	3,005
Loans held for sale, at fair value	57,691	27,626
Financial liabilities:
Demand deposits	1,245,969	1,200,259
Money market and savings accounts	1,578,288	1,057,151
Junior subordinated debt	9,039	9,181
Senior subordinated notes	84,513	84,347
Fair Value, Inputs, Level 2 [Member] | Estimated Fair Value | Interest Rate Swaps
Financial assets:
Derivative asset	$ 1,068
Fair Value, Inputs, Level 3 [Member] | Mortgage banking derivative
Financial liabilities:
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	Derivative liabilities
Fair Value, Inputs, Level 3 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Mortgage banking financial assets	$ 91	21
Financial liabilities:
Time deposits	445,898	465,057
Secured borrowings	20,393
Mortgage banking financial liabilities		4
Fair Value, Inputs, Level 3 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Consumer program derivative
Financial assets:
Derivative asset	10,806
Financial liabilities:
Derivative liabilities		473
Fair Value, Inputs, Level 3 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Mortgage banking derivative
Financial liabilities:
Derivative liabilities	200	122
Fair Value, Inputs, Level 3 [Member] | Estimated Fair Value
Financial assets:
Mortgage banking financial assets	91	21
Financial liabilities:
Time deposits	443,765	462,376
Secured borrowings	20,393
Mortgage banking financial liabilities		4
Fair Value, Inputs, Level 3 [Member] | Estimated Fair Value | Consumer program derivative
Financial assets:
Derivative asset	10,806
Financial liabilities:
Derivative liabilities		473
Fair Value, Inputs, Level 3 [Member] | Estimated Fair Value | Mortgage banking derivative
Financial liabilities:
Derivative liabilities	$ 200	122
Fair Value Inputs Level 2 and Level 3 [Member] | Mortgage banking derivative
Financial assets:
Derivative Asset Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	Derivative asset
Fair Value Inputs Level 2 and Level 3 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member]
Financial assets:
Net loans	$ 3,167,205	2,912,093
Fair Value Inputs Level 2 and Level 3 [Member] | Carrying (Reported) Amount, Fair Value Disclosure [Member] | Mortgage banking derivative
Financial assets:
Derivative asset	611	945
Fair Value Inputs Level 2 and Level 3 [Member] | Estimated Fair Value
Financial assets:
Net loans	3,068,663	2,809,163
Fair Value Inputs Level 2 and Level 3 [Member] | Estimated Fair Value | Mortgage banking derivative
Financial assets:
Derivative asset	$ 611	$ 945

BANK PREMISES AND EQUIPMENT (Na

BANK PREMISES AND EQUIPMENT (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
BANK PREMISES AND EQUIPMENT
Depreciation and amortization expense	$ 2.4	$ 2.5	$ 2.4

BANK PREMISES AND EQUIPMENT (Sc

BANK PREMISES AND EQUIPMENT (Schedule of bank premises and equipment) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	$ 38,145	$ 43,658
Less accumulated depreciation and amortization	17,534	18,401
Bank premises and equipment, net	20,611	25,257
Land
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	4,867	7,112
Land improvements
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	1,502	1,558
Building and improvements
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	18,131	20,475
Leasehold improvements
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	3,885	3,033
Furniture, fixtures, equipment and software
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	9,730	11,341
Construction in progress
Property, Plant and Equipment [Line Items]
Bank premises and equipment, gross	$ 30	$ 139

LEASES (Narrative) (Details)

LEASES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
LEASES
Operating lease liabilities	$ 11,686	$ 5,767
Operating lease right-of-use assets	10,646	5,335
Operating lease cost	$ 2,500	$ 2,300
Lessee, Operating Lease, Lease Not yet Commenced, Existence of Option to Extend [true false]	false
Operating Lease, Expense	$ 600

LEASES (Schedule of operating l

LEASES (Schedule of operating lease other information) (Details)	Dec. 31, 2023	Dec. 31, 2022
LEASES
Weighted-average remaining lease term - operating leases, in years	7 years 2 months 12 days	4 years 10 months 24 days
Weighted-average discount rate - operating leases	3.90%	2.90%

LEASES (Schedule of future mini

LEASES (Schedule of future minimum rental payments required under non-cancelable operating leases for bank premises) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
LEASES
2024	$ 1,907
2025	1,958
2026	1,925
2027	1,911
2028	1,839
Thereafter	4,054
Total lease payments	13,594
Less: imputed interest	(1,908)
Lease liabilities	$ 11,686	$ 5,767

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
GOODWILL AND INTANGIBLE ASSETS
Goodwill	$ 93,459,000	$ 104,609,000
Goodwill, impairment loss	$ 11,150,000	$ 0	$ 0

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Schedule of acquired intangible assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Amortizable intangibles, net carrying value	$ 1,958	$ 3,254
Core Deposits [Member]
Finite-Lived Intangible Assets [Line Items]
Amortizable intangibles, gross carrying value	17,620	17,620
Accumulated Amortization	(15,662)	(14,366)
Amortizable intangibles, net carrying value	$ 1,958	$ 3,254

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Schedule of estimated amortization expense of intangibles) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangibles, net	$ 1,958	$ 3,254
Core Deposits and Servicing Rights [Member]
Finite-Lived Intangible Assets [Line Items]
2024	1,292
2025	629
2026	27
2027	10
Intangibles, net	$ 1,958

DEPOSITS (Narrative) (Details)

DEPOSITS (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
DEPOSITS
Aggregate amount of time deposits in denominations of $250,000 or more	$ 123.7	$ 125.3

DEPOSITS (Scheduled maturities

DEPOSITS (Scheduled maturities of time deposits) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
DEPOSITS
2024	$ 397,515
2025	36,867
2026	4,437
2027	4,797
2028	2,282
Time deposits, total	$ 445,898

DEPOSITS (Scheduled maturitie_2

DEPOSITS (Scheduled maturities of certificates of deposits) (Details) $ in Thousands	Dec. 31, 2023 USD ($)
DEPOSITS
Within 3 Months	$ 38,098
3 to 6 Months	40,423
6 to 12 Months	37,719
Over 12 Months	7,464
Total	$ 123,704

SECURITIES SOLD UNDER AGREEME_3

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
Federal Funds Purchased and Securities Sold under Agreements to Repurchase		$ 3,000	$ 6,500
Securities sold under agreements to repurchase, fair value of collateral		6,800	14,200
FHLB advances, pledged as collateral		596,100
Potential amount that could be collateralized		466,100
FHLB repayment/called	$ 325,000
Federal reserve program, advances, maximum amount available		596,400
Amount of advances, FHLB		30,000	325,000
Loan participations accounted as secured borrowings		23,400
Balance of secured borrowings		20,400
Underlying loans unamortized costs		20,505
Charge-offs		0
Federal Reserve Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
Securities Held as Collateral, at Par Value		117,200
Proceeds from Short-Term Debt		0
Commercial Portfolio Segment [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
Underlying loans unamortized costs		12,800
Home Equity Loan [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
FHLB advances, pledged as collateral		31,600	27,400
1-4 Family Residential | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
FHLB advances, pledged as collateral		364,600	405,200
Commercial Mortgage Loan | Commercial Portfolio Segment [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
FHLB advances, pledged as collateral		199,900	169,600
Securities Investment [Member] | Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank, Advances, Branch Of Fhlb Bank [Line Items]
FHLB advances, pledged as collateral		$ 0	$ 3,500

SECURITIES SOLD UNDER AGREEME_4

SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE AND OTHER BORROWINGS (Summary of Other short-term borrowings) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Amount of advances, FHLB	$ 30,000	$ 325,000
Securities sold under agreements to repurchase	3,044	6,445
Total	$ 33,044	$ 331,445
Weighted average interest rate at year end	5.57%	4.19%
FHLB collateral advances maturity 3/1/2030 [Member]
Short-term Debt [Line Items]
Amount of advances, FHLB	$ 30,000
Due date, FHLB	Oct. 15, 2024
Short-term FHLB advances maturing 1/3/2023[Member]
Short-term Debt [Line Items]
Amount of advances, FHLB		$ 50,000
Due date, FHLB		Jan. 03, 2023
Short-term FHLB advances maturing 1/13/2023 [Member]
Short-term Debt [Line Items]
Amount of advances, FHLB		$ 100,000
Due date, FHLB		Jan. 13, 2023
Short-term FHLB advances maturing 1/23/2023 [Member]
Short-term Debt [Line Items]
Amount of advances, FHLB		$ 50,000
Due date, FHLB		Jan. 23, 2023
Short-term FHLB advances maturing 1/27/2023 [Member]
Short-term Debt [Line Items]
Amount of advances, FHLB		$ 125,000
Due date, FHLB		Jan. 27, 2023

JUNIOR SUBORDINATED DEBT AND _2

JUNIOR SUBORDINATED DEBT AND SENIOR SUBORDINATED NOTES (Narrative) (Details) $ in Thousands			12 Months Ended
	Aug. 25, 2020 USD ($)	Jan. 20, 2017 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2017 USD ($)	Sep. 17, 2003 USD ($)
Debt Instrument [Line Items]
Junior subordinated notes			$ 9,830	$ 9,781
Eastern Virginia Bankshares Inc [Member]
Debt Instrument [Line Items]
Notes assumed in merger					$ 10,300
Trust preferred securities pooled underwriting amount						$ 650,000
Junior Subordinated Debt [Member]
Debt Instrument [Line Items]
Junior subordinated notes			10,300
Unamortized debt issuance costs			$ 500	$ 600
Junior Subordinated Debt [Member] | Eastern Virginia Bankshares Inc [Member]
Debt Instrument [Line Items]
Interest rate percentage			8.59%	7.69%
SNBV Senior Subordinated Notes [Member] | Senior Subordinated Notes [Member]
Debt Instrument [Line Items]
Debt instrument, face amount		$ 27,000
Description of variable rate basis		three-month CME Term SOFR
Basis spread on debt instrument			0.26%
Percentage of subordinated notes considered tier 2			60%
SNBV Subordinated Notes [Member] | Subordinated Debt [Member]
Debt Instrument [Line Items]
Unamortized debt issuance costs			$ 1,200	$ 1,500
Debt instrument, face amount	$ 60,000
Interest rate percentage	5.40%
Description of variable rate basis	Three-Month Term SOFR
Debt instrument basis points spread	5.31
Percentage of subordinated notes considered tier 2			100%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Deferred tax assets, valuation allowance	$ 704,000	$ 0
Unrecognized tax benefits	0
Unrecognized tax benefits, income tax penalties and interest expense	$ 0	$ 0	$ 0
Income Tax Examination, Description	Primis and its subsidiaries file a consolidated U.S. federal income tax return, and Primis files Virginia and numerous other state income tax returns. Primis Bank files a North Carolina, a Maryland and an Arkansas state income tax return. These returns are subject to examination by taxing authorities for all years after 2019.
U.S. Federal income tax rate	21%	21%	21%
Allowance for credit losses deferred tax			$ 400,000
Remeasurement of deferred tax assets and liabilities	$ 531,000	$ 148,000	$ (442,000)

INCOME TAXES (Schedule of net d

INCOME TAXES (Schedule of net deferred tax assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Allowance for credit losses	$ 12,179	$ 8,370
Unearned loan fees and other	3,054	2,161
Other real estate owned write-downs		38
Lease liability	2,635	1,246
Net unrealized loss on investment securities available for sale	6,161	6,920
Federal low income housing credit carryforward	492	485
Deferred compensation	1,564	1,596
Capitalized research and experimental expenditures	1,790
Net operating loss	796
Other	2,122	2,089
Valuation allowance	(704)	0
Total deferred tax assets, net of valuation allowance	30,089	22,905
Deferred tax liabilities:
Right-of-use assets	2,449	1,200
Purchase accounting	974	917
Depreciation	767	748
Derivative asset	2,424
Other	1,080	166
Total deferred tax liabilities	7,694	3,031
Net deferred tax assets	$ 22,395	$ 19,874

INCOME TAXES (Schedule of provi

INCOME TAXES (Schedule of provision for income taxes) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current tax expense
Federal	$ 1,861	$ 5,982	$ 2,466
State	771	503	163
Total current tax expense	2,632	6,485	2,629
Deferred tax expense (benefit)
Federal	(2,699)	(3,234)	5,937
State	(1,000)	(66)	117
Total deferred tax expense (benefit)	(3,699)	(3,300)	6,054
Total income tax expense from continuing operations	(1,067)	3,185	8,683
Total income tax expense from discontinued operation			64
Total income tax expense	$ (1,067)	$ 3,185	$ 8,747

INCOME TAXES (Schedule of incom

INCOME TAXES (Schedule of income tax expense determined by applying the U.S. Federal income tax rate) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INCOME TAXES
Computed expected tax expense at statutory rate	$ (2,348)	$ 3,640	$ 8,309
Increase (decrease) in tax expense resulting from:
Remeasurement of deferred tax assets and liabilities	(531)	(148)	442
Low income housing tax credits, net of amortization	1	4	39
Income from bank-owned life insurance	(424)	(419)	(354)
Goodwill impairment	2,342
Research and development credit	(1,150)
Valuation allowance	704
State taxes, net	503	158	242
Other, net	(164)	(49)	5
Total income tax expense from continuing operations	(1,067)	3,185	8,683
Total income tax expense from discontinued operation			64
Total income tax expense	$ (1,067)	$ 3,185	$ 8,747

EMPLOYEE BENEFITS (Narrative) (

EMPLOYEE BENEFITS (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred Compensation Arrangement with Individual, Description	The Bank previously maintained a deferred compensation plan in the form of Supplemental Executive Retirement Plan (“SERP”) for four (4) former executives. Under the plan, the Bank pays each participant, or their beneficiary, compensation deferred plus accrued interest for a period of 15 to 17 years after their retirement or age 62 depending on the terms and conditions of each plan. A liability is accrued for the obligations under these plans.
Employer discretionary matching contributions in 401(k) plan	$ 1.4	$ 1.3	$ 1
Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Deferred compensation expense	0.3	0.3	$ 0.4
Deferred compensation liability	$ 7	$ 7.4

STOCK- BASED COMPENSATION (Narr

STOCK- BASED COMPENSATION (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense associated with the stock options	$ 0
Stock Option Plan 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for reservation (in shares)	750,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 0	$ 0	$ 0
Time Vested Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	700,000	400,000	$ 700,000
Unrecognized compensation expense associated with the other than options	$ 300,000
Weighted Average Exercise Price, Granted, other than options	$ 8.83
Performance Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 300,000
Performance period	5 years
Unrecognized compensation expense associated with the other than options	$ 4,400,000	$ 3,000,000
Weighted Average Exercise Price, Granted, other than options	$ 10.20	$ 11.83

STOCK-BASED COMPENSATION (Sched

STOCK-BASED COMPENSATION (Schedule of Activity in the Stock Option Plan) (Details) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares
Options outstanding, beginning of period	203,300
Forfeited	(4,000)
Expired	(131,000)
Exercised	(13,500)
Options outstanding, end of period	54,800	203,300
Exercisable at end of period	54,800
Weighted Average Grant Date Fair Value Per Share
Options outstanding, beginning of period	$ 11.41
Forfeited	11.41
Expired	11.42
Exercised	10.90
Options outstanding, end of period	11.49	$ 11.41
Exercisable at end of period	$ 11.49
Weighted Average Remaining Contractual Term
Options outstanding	1 year 8 months 12 days	1 year 3 months 18 days
Exercisable at end of period	1 year 8 months 12 days
Options outstanding, Aggregate Intrinsic Value	$ 64	$ 102
Exercisable at end of period - Aggregate Intrinsic Value	$ 64

STOCK-BASED COMPENSATION (Sch_2

STOCK-BASED COMPENSATION (Schedule of activity in the restricted stock plan) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Time Vested Restricted Stock
Shares
Unvested stock outstanding, beginning of period	68,700
Granted, other than options	13,000
Vested, other than options	(29,008)
Forfeited other than options	(12,392)
Unvested stock outstanding, end of period	40,300	68,700
Weighted Average Exercise Price
Weighted Average Exercise Price, beginning of period	$ 14.24
Weighted Average Exercise Price, Granted, other than options	8.83
Weighted Average Exercise Price, Vested, other than options	13.71
Weighted Average Exercise Price, Forfeited, other than options	11.56
Weighted Average Exercise Price, ending of period	$ 13.59	$ 14.24
Weighted Average Remaining Contractual Term	2 years 3 months 18 days	2 years 4 months 24 days
Performance Based Restricted Stock Units
Shares
Unvested stock outstanding, beginning of period	153,960
Granted, other than options	110,000
Forfeited other than options	(19,250)
Unvested stock outstanding, end of period	244,710	153,960
Weighted Average Exercise Price
Weighted Average Exercise Price, beginning of period	$ 13.02
Weighted Average Exercise Price, Granted, other than options	10.20	$ 11.83
Weighted Average Exercise Price, Forfeited, other than options	12.86
Weighted Average Exercise Price, ending of period	$ 11.77	$ 13.02
Weighted Average Remaining Contractual Term	3 years 1 month 6 days	3 years 7 months 6 days

FINANCIAL INSTRUMENT WITH OFF_3

FINANCIAL INSTRUMENT WITH OFF-BALANCE SHEET RISK (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Off balance sheet commitments	$ 473.1	$ 540.6
Investment in non-marketable equity securities	1.6	3.2
Letter Of Credit [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Letters of credit outstanding	$ 9.6	$ 10.7
Loan Origination Commitments [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Expiration period	30 years
Off balance sheet commitments	$ 76.3

FINANCIAL INSTRUMENT WITH OFF_4

FINANCIAL INSTRUMENT WITH OFF-BALANCE SHEET RISK (Schedule of allowance for credit losses off balance sheet exposure) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK
Off-Balance Sheet, Credit Loss, Liability, Beginning Balance	$ 1,416	$ 977
Credit loss expense (recovery)	163	439
Off-Balance Sheet, Credit Loss, Liability, Ending Balance	$ 1,579	$ 1,416

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive options (in shares)	54,800	0	0

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of Reconciliation of the Denominators of the Basic and Diluted Earnings per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
EARNINGS PER SHARE
Basic EPS - Income (Numerator) (in dollars)	$ (7,832)	$ 14,148	$ 30,883
Net Income (Loss) Available to Common Stockholders, Diluted, Total	$ (7,832)	$ 14,148	30,883
Basic EPS from discontinued operations			230
Diluted EPS from discontinued operations			$ 230
Basic EPS- Weighted Average Shares (Denominator) (in shares)	24,639	24,561	24,438
Effect of dilutive stock options and and unvested restricted stock- Weighted Average Shares (Denominator) (in shares)		108	163
Diluted EPS- Weighted Average Shares (Denominator) (in shares)	24,639	24,669	24,601
Basic EPS - Per Share Amount (in dollars per share)	$ (0.32)	$ 0.58	$ 1.26
Effect of dilutive stock options and and unvested restricted stock- Per Share Amount (in dollars per share)		(0.01)
Diluted EPS- Per Share Amount (in dollars per share)	(0.32)	0.57	1.26
Basic EPS - Per Share Amount Discontinued Operations	0	0	0.01
Diluted EPS - Per Share Amount Discontinued Operations	$ 0	$ 0	$ 0.01

REGULATORY MATTERS (Schedule of

REGULATORY MATTERS (Schedule of capital amounts and ratios for Primis Financial Corp. and Primis Bank) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital ratio, Actual Amount	$ 302,521	$ 306,956
Common equity tier 1 capital ratio, Actual Ratio	0.0896	0.1007
Common equity tier 1 capital ratio required for capital adequacy purposes amount	$ 152,011	$ 137,135
Common equity tier 1 capital ratio required for capital adequacy purposes ratio	0.045%	0.045%
Tier 1 risk-based capital ratio, Actual Amount	$ 312,521	$ 316,956
Tier 1 risk-based capital ratio, Actual Ratio	0.0925	0.1040
Tier 1 risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 202,681	$ 182,847
Tier 1 risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Total risk-based capital ratio, Actual Amount	$ 453,931	$ 436,649
Total risk-based capital ratio, Actual Ratio	0.1344	0.1433
Total risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 270,242	$ 243,796
Total risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Leverage ratio, Actual Amount	$ 312,521	$ 316,956
Leverage ratio, Actual Ratio	0.0837	0.0952
Leverage ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 149,300	$ 133,154
Leverage ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Capital conservation buffer	4.12%
Primis Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity tier 1 capital ratio, Actual Amount	$ 364,874	$ 373,225
Common equity tier 1 capital ratio, Actual Ratio	0.1088	0.1240
Common equity tier 1 capital ratio required for capital adequacy purposes amount	$ 150,980	$ 135,487
Common equity tier 1 capital ratio required for capital adequacy purposes ratio	0.045%	0.045%
Common equity tier 1 capital ratio, To Be Categorized as Well Capitalized Amount	$ 218,082	$ 195,703
Common equity tier 1 capital ratio, To Be Categorized as Well Capitalized Ratio	0.065%	0.065%
Tier 1 risk-based capital ratio, Actual Amount	$ 364,874	$ 373,225
Tier 1 risk-based capital ratio, Actual Ratio	0.1088	0.1240
Tier 1 risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 201,306	$ 180,649
Tier 1 risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier 1 risk-based capital ratio, To Be Categorized as Well Capitalized, Amount	$ 268,408	$ 240,865
Tier 1 risk-based capital ratio, To Be Categorized as Well Capitalized, Ratio	0.0800	0.0800
Total risk-based capital ratio, Actual Amount	$ 406,663	$ 409,185
Total risk-based capital ratio, Actual Ratio	0.1212	0.1359
Total risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 268,408	$ 240,865
Total risk-based capital ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total risk-based capital ratio, To Be Categorized as Well Capitalized, Amount	$ 335,510	$ 301,081
Total risk-based capital ratio, To Be Categorized as Well Capitalized, Ratio	0.1000	0.1000
Leverage ratio, Actual Amount	$ 364,874	$ 373,225
Leverage ratio, Actual Ratio	0.0980	0.1124
Leverage ratio, Actual Ratio Required For Capital Adequacy Purposes, Amount	$ 148,989	$ 132,850
Leverage ratio, Actual Ratio Required For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Leverage ratio, To Be Categorized as Well Capitalized, Amount	$ 186,236	$ 166,063
Leverage ratio, To Be Categorized as Well Capitalized, Ratio	0.0500	0.0500

SEGMENT INFORMATION (Financial

SEGMENT INFORMATION (Financial Information) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Segment Information
Interest income	$ 192,618	$ 123,287	$ 113,143
Interest expense	93,907	21,587	19,040
Net interest income	98,711	101,700	94,103
Provision for credit losses	32,540	11,271	(5,801)
Noninterest income	45,250	18,352	11,138
Noninterest expense	122,600	91,448	71,476
Income before income taxes	(11,179)	17,333	39,566
Income tax expense (benefit)	(1,067)	3,185	8,683
Net income (loss)	(10,112)	14,148	$ 31,113
Total assets	$ 3,856,546	$ 3,566,664
Number of reportable segments | segment	2	1
Primis Mortgage
Segment Information
Interest income	$ 2,813	$ 705
Interest expense		2
Net interest income	2,813	703
Noninterest income	17,674	5,055
Noninterest expense	20,153	9,361
Income before income taxes	334	(3,603)
Income tax expense (benefit)	3	(752)
Net income (loss)	331	(2,851)
Total assets	66,282	31,398
Primis Bank
Segment Information
Interest income	189,805	122,582
Interest expense	93,907	21,585
Net interest income	95,898	100,997
Provision for credit losses	32,540	11,271
Noninterest income	27,576	13,297
Noninterest expense	102,447	82,087
Income before income taxes	(11,513)	20,936
Income tax expense (benefit)	(1,070)	3,937
Net income (loss)	(10,443)	16,999
Total assets	$ 3,790,264	$ 3,535,266

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION (Schedule of condensed balance sheet of Primis Financial Corp.) (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash	$ 77,553	$ 77,859
Loans held for investment	3,219,414	2,946,637
Other assets	54,884	34,327
Total assets	3,856,546	3,566,664
Liabilities:
Junior subordinated debt	9,830	9,781
Senior subordinated notes	85,765	85,531
Other liabilities	28,080	22,232
Total liabilities	3,458,953	3,177,696
Stockholders' equity:
Preferred stock, $0.01 par value. Authorized 5,000,000 shares; no shares issued and outstanding
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,693,172 and 24,680,097 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	247	246
Additional paid in capital	313,548	312,722
Retained earnings	84,143	101,850
Accumulated other comprehensive loss	(21,777)	(25,850)
Total Primis stockholders' equity	376,161	388,968
Noncontrolling interests	21,432
Total stockholders' equity	397,593	388,968	$ 410,039
Total liabilities and stockholders' equity	$ 3,856,546	$ 3,566,664
Preferred Stock, Par Value (In Dollars Per Share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value (In Dollars Per Share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Shares Issued	24,693,172	24,680,097
Common Stock, Shares Outstanding	24,693,172	24,680,097
Southern National | Reportable Legal Entities
ASSETS
Cash	$ 23,627	$ 21,276
Loans held for investment	1,500	2,000
Investment in subsidiaries	438,883	455,548
Preferred investment in unaffiliated mortgage company	3,005	3,005
Investments in non-marketable equity securities	3,855	2,319
Other assets	3,288	1,636
Total assets	474,158	485,784
Liabilities:
Junior subordinated debt	9,830	9,781
Senior subordinated notes	85,765	85,531
Other liabilities	1,871	1,504
Total liabilities	97,466	96,816
Stockholders' equity:
Common stock, $0.01 par value. Authorized 45,000,000 shares; 24,693,172 and 24,680,097 shares issued and outstanding at December 31, 2023 and December 31, 2022, respectively	247	246
Additional paid in capital	313,548	312,722
Retained earnings	84,675	101,850
Accumulated other comprehensive loss	(21,777)	(25,850)
Total Primis stockholders' equity	376,693	388,968
Total liabilities and stockholders' equity	$ 474,158	$ 485,784
Preferred Stock, Par Value (In Dollars Per Share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value (In Dollars Per Share)	$ 0.01	$ 0.01
Common Stock, Shares Authorized	45,000,000	45,000,000
Common Stock, Shares Issued	24,693,172	24,680,097
Common Stock, Shares Outstanding	24,693,172	24,680,097

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION (Schedule of condensed statements of income of Primis Financial Corp.) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
PARENT COMPANY FINANCIAL INFORMATION
Gain on debt extinguishment			$ 573
Total interest and dividend income	$ 192,618	$ 123,287	113,143
Merger expenses		400
Other operating expenses	8,167	8,313	6,114
Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries	(11,179)	17,333	39,566
Income tax expense (benefit)	(1,067)	3,185	8,683
Net loss attributable to noncontrolling interests	(2,280)
Loss in Panacea	(2,280)
Net income (loss) attributable to Primis' common stockholders	(7,832)	14,148	31,113
Southern National | Reportable Legal Entities
PARENT COMPANY FINANCIAL INFORMATION
Cash dividends received from bank subsidiary	20,000	15,000
Interest income	91	27
Gain on debt extinguishment			573
Other investment income	150	150
Total interest and dividend income	20,241	15,177	573
Interest on junior subordinated debt	887	536	355
Interest on senior subordinated notes	5,992	5,111	5,127
Other operating expenses	1,335	1,227	1,236
Total expenses	8,214	6,874	6,718
Income (loss) before income tax benefit and equity in undistributed net income of subsidiaries	12,027	8,303	(6,145)
Income tax expense (benefit)	(1,470)	(1,408)	(1,280)
Equity in undistributed net income of subsidiaries	(20,797)	4,437	35,978
Net income (loss) attributable to Primis' common stockholders	$ (7,300)	$ 14,148	$ 31,113

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION (Schedule of condensed statements of cash flows information of Primis Financial Corp.) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities:
Net income (loss)	$ (10,112)	$ 14,148	$ 31,113
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities:
Gain on debt extinguishment			(573)
Other, net	(12,345)	11,141	(344)
Investing activities:
Net change in loans held for investment	(338,397)	(613,700)	109,449
Business acquisition, net of cash acquired		(4,554)
Financing activities:
Extinguishment of senior subordinated notes			(20,000)
Proceeds from exercised stock options	146	572	1,526
Repurchase of restricted stock	(31)	(11)	(14)
Cash dividends paid on common stock	(9,875)	(9,853)	(9,807)
Net cash and cash equivalents provided by (used in) financing activities	283,632	152,113	296,213
Net change in cash and cash equivalents	(306)	(452,308)	333,982
Cash and cash equivalents at beginning of period	77,859	530,167	196,185
Cash and cash equivalents at end of period	77,553	77,859	530,167
Southern National | Reportable Legal Entities
Operating activities:
Net income (loss)	(7,300)	14,148	31,113
Adjustments to reconcile net income to net cash and cash equivalents used in operating activities:
Equity in undistributed net income of subsidiaries	797	(19,436)	(35,978)
Loan forgiven	500
Gain on debt extinguishment			(573)
Other, net	(350)	1,228	1,426
Net cash and cash equivalents used in operating activities	(6,353)	(4,060)	(4,012)
Investing activities:
Net change in loans held for investment		(2,000)
Increase in preferred investment in mortgage company			(3,064)
Increase in non-marketable equity securities investments	(1,536)	(1,889)	(430)
Dividend from subsidiaries	20,000	15,000
Net cash and cash equivalents provided by (used in) investing activities	18,464	11,111	(3,494)
Financing activities:
Extinguishment of senior subordinated notes			(20,000)
Proceeds from exercised stock options	146	572	1,526
Repurchase of restricted stock	(31)	(11)	(14)
Cash dividends paid on common stock	(9,875)	(9,853)	(9,807)
Net cash and cash equivalents provided by (used in) financing activities	(9,760)	(9,292)	(28,295)
Net change in cash and cash equivalents	2,351	(2,241)	(35,801)
Cash and cash equivalents at beginning of period	21,276	23,517	59,318
Cash and cash equivalents at end of period	$ 23,627	$ 21,276	$ 23,517

RELATED PARTY TRANSACTIONS (Nar

RELATED PARTY TRANSACTIONS (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Related Party Transactions [Abstract]
Related party deposit liabilities	$ 38.3	$ 15.9

RELATED PARTY TRANSACTIONS (Sch

RELATED PARTY TRANSACTIONS (Schedule of changes in the loan amount outstanding during the periods) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at January 1	$ 34,327
Principal paid	(338,397)	$ (613,700)	$ 109,449
Balance at December 31	54,884	34,327
Related Party [Member] | Officers and Directors and Principal Shareholders and Their Affiliates [Member].
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at January 1	27,875
Principal advances	2,197
Principal paid	(2,405)
Transfers in (out) of related party status	(1,057)
Balance at December 31	$ 26,610	$ 27,875

VARIABLE INTEREST ENTITIES (Nar

VARIABLE INTEREST ENTITIES (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other liabilities	$ 28,080	$ 22,232
Retained earnings	84,143	101,850
Variable Interest Entity, Not Primary Beneficiary [Member]
Tax credits and other tax benefits recognized related to investments	1	4
Variable interest entity, reporting entity involvement, maximum loss exposure, amount	10,200	11,000
Other investment not readily marketable, fair value	5,900	4,400
Variable Interest Entity, Primary Beneficiary [Member] | PFH Entity [Member]
Accrued legal and other liabilities	3,100
Cash and prepaid insurance assets	24,000
Investments [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Other liabilities	200	400
Other Assets [Member] | Variable Interest Entity, Not Primary Beneficiary [Member]
Investments in equity	$ 2,700	$ 3,400