Prime Meridian Holding (PMHG) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 05, 2022
Document Information [Line Items]
Entity Central Index Key	0001586454
Entity Registrant Name	Prime Meridian Holding Co
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	333-191801
Entity Incorporation, State or Country Code	FL
Entity Tax Identification Number	27-2980805
Entity Address, Address Line One	1471 Timberlane Road
Entity Address, City or Town	Tallahassee
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	32312
City Area Code	850
Local Phone Number	907-2300
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,151,308

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 15,985	$ 8,897
Federal funds sold	16,191	53,969
Interest-bearing deposits	201,613	170,607
Total cash and cash equivalents	233,789	233,473
Debt securities available for sale	101,868	73,763
Debt securities held to maturity	6,185	0
Loans held for sale	11,241	11,768
Loans, net of allowance for loan losses of $5,887 and $5,974	479,526	490,198
Federal Home Loan Bank stock	463	366
Premises and equipment, net	7,905	7,962
Right of use operating lease asset	3,205	3,258
Accrued interest receivable	1,649	1,505
Bank-owned life insurance	16,248	16,153
Other assets	4,087	2,677
Total assets	866,166	841,123
Liabilities:
Noninterest-bearing demand deposits	206,018	209,351
Savings, NOW and money-market deposits	534,049	503,759
Time deposits	47,876	49,832
Total deposits	787,943	762,942
Other borrowings	3,975	3,575
Official checks	1,625	1,141
Operating lease liability	3,350	3,397
Other liabilities	3,512	3,037
Total liabilities	800,405	774,092
Stockholders' equity:
Preferred stock, undesignated; 1,000,000 shares authorized, none issued or outstanding	0	0
Common stock, $.01 par value; 9,000,000 shares authorized, 3,150,261 and 3,129,046 issued and outstanding	31	31
Additional paid-in capital	39,223	38,909
Retained earnings	29,838	28,164
Accumulated other comprehensive loss	(3,331)	(73)
Total stockholders' equity	65,761	67,031
Total liabilities and stockholders' equity	$ 866,166	$ 841,123

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans receivable, allowance for loan losses	$ 5,887	$ 5,974
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	3,150,261	3,129,046
Common stock, shares outstanding (in shares)	3,150,261	3,129,046

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans	$ 5,784	$ 5,805
Securities	385	249
Other	124	49
Total interest income	6,293	6,103
Interest expense:
Deposits	403	537
Other borrowings	31	0
Total interest expense	434	537
Net interest income	5,859	5,566
Provision (credit) for loan losses	(371)	0
Net interest income after provision (credit) for loan losses	6,230	5,566
Noninterest income:
Mortgage banking revenue, net	165	301
Income from bank-owned life insurance	95	63
Gain on sale of debt securities available for sale	0	108
Other income	61	38
Total noninterest income	518	672
Noninterest expense:
Salaries and employee benefits	2,160	1,852
Occupancy and equipment	408	386
Professional fees	146	130
Marketing	167	140
FDIC assessment	124	70
Software maintenance, amortization and other	242	250
Other	533	469
Total noninterest expense	3,780	3,297
Earnings before income taxes	2,968	2,941
Income taxes	727	707
Net earnings	$ 2,241	$ 2,234
Earnings per common share:
Basic (in dollars per share)	$ 0.71	$ 0.72
Diluted (in dollars per share)	0.71	0.71
Cash dividends per common share (in dollars per share)	$ 0.18	$ 0.14
Deposit Account [Member]
Noninterest income:
Revenue from customer	$ 68	$ 53
Debit Card [Member]
Noninterest income:
Revenue from customer	$ 129	$ 109

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net earnings	$ 2,241	$ 2,234
Unrealized loss arising during the period	(4,365)	(1,236)
Reclassification adjustment for realized gain	0	(108)
Net change in unrealized loss	(4,365)	(1,344)
Deferred income tax benefit on above change	1,107	341
Total other comprehensive loss	(3,258)	(1,003)
Comprehensive (loss) income	$ (1,017)	$ 1,231

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2020	3,119,471
Balance at Dec. 31, 2020	$ 31	$ 38,568	$ 20,255	$ 1,401	$ 60,255
Net earnings (unaudited)	0	0	2,234	0	2,234
Dividends paid (unaudited)	0	0	(438)	0	(438)
Net change in unrealized loss on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	(1,003)	(1,003)
Stock options exercised (unaudited) (in shares)	120
Stock options exercised (unaudited)	$ 0	2	0	0	2
Common stock issued as compensation to directors (unaudited) (in shares)	1,122
Common stock issued as compensation to directors (unaudited)	$ 0	22	0	0	22
Issuance of restricted stock (unaudited) (in shares)	4,081
Issuance of restricted stock (unaudited)	$ 0	0	0	0	0
Stock-based compensation (unaudited)	0	57	0	0	57
Stock options exercised (unaudited)	$ 0	2	0	0	2
Balance (in shares) at Mar. 31, 2021	3,124,794
Balance at Mar. 31, 2021	$ 31	38,649	22,051	398	$ 61,129
Balance (in shares) at Dec. 31, 2021	3,129,046				3,129,046
Balance at Dec. 31, 2021	$ 31	38,909	28,164	(73)	$ 67,031
Net earnings (unaudited)	0	0	2,241	0	2,241
Dividends paid (unaudited)	0	0	(567)	0	(567)
Net change in unrealized loss on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	(3,258)	(3,258)
Stock options exercised (unaudited) (in shares)	12,240
Stock options exercised (unaudited)	$ 0	210	0	0	210
Common stock issued as compensation to directors (unaudited) (in shares)	1,189
Common stock issued as compensation to directors (unaudited)	$ 0	31	0	0	31
Issuance of restricted stock (unaudited) (in shares)	7,786
Issuance of restricted stock (unaudited)	$ 0	0	0	0	0
Stock-based compensation (unaudited)	0	73	0	0	73
Stock options exercised (unaudited)	$ 0	210	0	0	$ 210
Balance (in shares) at Mar. 31, 2022	3,150,261				3,150,261
Balance at Mar. 31, 2022	$ 31	$ 39,223	$ 29,838	$ (3,331)	$ 65,761

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net earnings	$ 2,241	$ 2,234
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	161	170
Provision (credit) for loan losses	(371)	0
Net accretion of deferred loan fees	(451)	(776)
Gain on sale of debt securities	0	(108)
Net amortization of premiums and discounts on debt securities available for sale	60	93
Gain on sale of loans held for sale	(165)	(301)
Proceeds from the sale of loans held for sale	24,975	54,593
Loans originated as held for sale	(24,283)	(53,231)
Stock issued as compensation to directors	31	22
Stock-based compensation expense	73	57
Income from bank-owned life insurance	(95)	(63)
Net (increase) decrease in accrued interest receivable	(144)	163
Net change in operating leases	6	6
Net increase in other assets	(303)	(706)
Net increase in other liabilities and official checks	959	1,193
Net cash provided by operating activities	2,694	3,346
Cash flows from investing activities:
Loan originations, net of principal repayments	11,494	(3,335)
Purchase of debt securities available for sale	(35,164)	(12,335)
Purchase of debt securities held to maturity	(6,184)	0
Principal repayments of debt securities available for sale	2,633	5,075
Proceeds from sale of debt securities available for sale	0	5,874
Maturities and calls of debt securities available for sale	0	3,021
(Purchase) repurchase of Federal Home Loan Bank stock	(97)	127
Purchase of premises and equipment	(104)	(122)
Net cash used in investing activities	(27,422)	(1,695)
Cash flows from financing activities:
Net increase in deposits	25,001	70,837
Change in other borrowings	400	750
Proceeds from stock options exercised	210	2
Common stock dividends paid	(567)	(438)
Net cash provided by financing activities	25,044	71,151
Net increase in cash and cash equivalents	316	72,802
Cash and cash equivalents at beginning of period	233,473	68,985
Cash and cash equivalents at end of period	233,789	141,787
Supplemental disclosure of cash flow information
Interest	432	548
Income taxes	0	0
Noncash transactions:
Accumulated other comprehensive loss, net change in unrealized loss on debt securities available for sale, net of income tax benefit	$ (3,258)	$ (1,003)

Note 1 - General

Note 1 - General	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	( 1 General Prime Meridian Holding Company (“PMHG”) owns 100% of the outstanding common stock of Prime Meridian Bank (the "Bank") (collectively the "Company"). PMHG’s primary activity is the operation of the Bank. The Bank is a Florida state-chartered commercial bank, and the deposit accounts of the Bank are insured up to the applicable limits by the Federal Deposit Insurance Corporation ("FDIC"). The Bank offers a variety of community banking services to individual and corporate clients through its four The accounting and financial reporting policies of the Company conform, in all material respects, to accounting principles generally accepted in the United States (“GAAP”) and to general practices within the banking industry. The condensed consolidated financial statements in the Quarterly Report on Form 10 not 10 not and notes thereto, for the year ended December 31, 2021 , included in our Annual Report on Form 10 March 10, 2022 three March 31, 2022 not Comprehensive (Loss) Incom e . S tock - Based Compensation. Mortgage Banking Revenue. Debit Card / ATM Revenue. Derivatives. third not no Recent Accounting Standards Update. In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 December 15, 2019. October 16, 2019, January, 2023

Note 2 - Debt Securities

Note 2 - Debt Securities	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	( 2 Debt Securities Debt securities are classified according to management's intent. The amortized cost of debt securities and fair values are as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 20,738 $ - $ (353 ) $ 20,385 Municipal securities 17,684 5 (1,218 ) 16,471 Mortgage-backed securities 63,539 22 (2,897 ) 60,664 Asset-backed securities 4,369 20 (41 ) 4,348 Total $ 106,330 $ 47 $ (4,509 ) $ 101,868 Debt Securities Held to Maturity Municipal securities $ 6,185 $ - $ (348 ) $ 5,837 At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,933 $ - $ (14 ) $ 2,919 Municipal securities 17,721 288 (240 ) 17,769 Mortgage-backed securities 48,614 379 (528 ) 48,465 Asset-backed securities 4,592 25 (7 ) 4,610 Total $ 73,860 $ 692 $ (789 ) $ 73,763 The following table summarizes the sale of debt securities available for sale. Three Months Ended March 31, (in thousands) 2022 2021 Proceeds from sale of debt securities $ - $ 5,874 Gross gains - 108 Gross losses - - Net gain on sale of debt securities $ - $ 108 Debt securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows: Less Than Twelve Months More Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ (353 ) $ 15,380 $ - $ - Municipal securities (944 ) 13,551 (274 ) 1,733 Mortgage-backed securities (2,368 ) 48,404 (529 ) 4,891 Asset-backed securities (24 ) 1,620 (17 ) 1,354 Total $ (3,689 ) $ 78,955 $ (820 ) $ 7,978 Debt Securities Held to Maturity Municipal securities $ (348 ) $ 5,837 $ - $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government Agencies $ (14 ) $ 2,919 $ - $ - Municipal securities (240 ) 8,429 - - Mortgage-backed securities (528 ) 28,207 - - Asset-backed securities - - (7 ) 1,430 Total $ (782 ) $ 39,555 $ (7 ) $ 1,430 The unrealized losses at March 31, 2022 December 31, 2021 twenty-six not not not Fair Value Measurements Using Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 20,385 $ - $ 20,385 $ - Municipal securities 16,471 - 16,471 - Mortgage-backed securities 60,664 - 60,664 - Asset-backed securities 4,348 - 4,348 - Total $ 101,868 $ - $ 101,868 $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,919 $ - $ 2,919 $ - Municipal securities 17,769 - 17,769 - Mortgage-backed securities 48,465 - 48,465 - Asset-backed securities 4,610 - 4,610 - Total $ 73,763 $ - $ 73,763 $ - The scheduled maturities of debt securities are as follows: At March 31, 2022 Amortized Fair Cost Value (in thousands) Debt Securities Available for Sale Due in less than one year $ 6 $ 6 Due in one to five years 18,663 18,489 Due in five to ten years 15,412 14,288 Due after ten years 8,710 8,421 Mortgage-backed securities 63,539 60,664 Total $ 106,330 $ 101,868 Debt Securities Held to Maturity Due after ten years $ 6,185 $ 5,837

Note 3 - Loans

Note 3 - Loans	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	( 3 Loans Segments and classes of loans, excluding loans held for sale, are as follows: (in thousands) At March 31, 2022 At December 31, 2021 Real estate mortgage loans: Commercial $ 150,257 $ 156,306 Residential and home equity 188,993 183,536 Construction 65,740 71,164 Total real estate mortgage loans 404,990 411,006 Commercial loans 71,864 78,584 Consumer and other loans 8,719 7,283 Total loans 485,573 496,873 Add (deduct): Net deferred loan fees (160 ) (701 ) Allowance for loan losses (5,887 ) (5,974 ) Loans, net $ 479,526 $ 490,198 An analysis of the change in allowance for loan losses follows: Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other Unallocated (in thousands) Commercial Equity Construction Loans Loans Reserves Total Three Month Period Ended March 31, 2022 Beginning balance $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974 Provision (credit) for loan losses (61 ) 64 (59 ) (346 ) 31 - (371 ) Net (charge-offs) recoveries - - - 295 (11 ) - 284 Ending balance $ 1,701 $ 2,203 $ 798 $ 1,074 $ 111 $ - $ 5,887 Three Month Period Ended March 31, 2021 Beginning balance $ 1,500 $ 1,827 $ 539 $ 1,592 $ 75 $ 559 $ 6,092 Provision (credit) for loan losses (2 ) 30 11 (170 ) - 131 - Net (charge-offs) recoveries - - - 8 (3 ) - 5 Ending balance $ 1,498 $ 1,857 $ 550 $ 1,430 $ 72 $ 690 $ 6,097 At March 31, 2022 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ 4 $ - $ 4 Balance in allowance for loan losses $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment: Recorded investment $ 150,257 $ 188,993 $ 65,740 $ 71,864 $ 8,715 $ - $ 485,569 Balance in allowance for loan losses $ 1,701 $ 2,203 $ 798 $ 1,074 $ 111 $ - $ 5,887 At December 31, 2021 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ 4 $ - $ 4 Balance in allowance for loan losses $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment: Recorded investment $ 156,306 $ 183,536 $ 71,164 $ 78,584 $ 7,283 $ - $ 496,873 Balance in allowance for loan losses $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974 The Company has divided the loan portfolio into three five Real Estate Mortgage Loans. three Commercial. twenty may ten five may five Residential and Home Equity. first second one four may Construction. one two one ten not third may Commercial Loans. not third five may not one 504 7A 504 7A may may Cons umer and Other Loans . may not not The following summarizes the loan credit quality: Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total At March 31, 2022 Grade: Pass $ 147,799 $ 186,462 $ 65,664 $ 71,674 $ 8,701 $ 480,300 Special mention 2,458 2,531 76 190 18 5,273 Substandard - - - - - - Doubtful - - - - - - Loss - - - - - - Total $ 150,257 $ 188,993 $ 65,740 $ 71,864 $ 8,719 $ 485,573 At December 31, 2021 Grade: Pass $ 153,404 $ 181,770 $ 71,051 $ 78,462 $ 7,233 $ 491,920 Special mention 2,902 1,766 113 118 50 4,949 Substandard - - - 4 - 4 Doubtful - - - - - - Loss - - - - - - Total $ 156,306 $ 183,536 $ 71,164 $ 78,584 $ 7,283 $ 496,873 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. Loans classified as substandard or special mention are reviewed quarterly by the Company for further deterioration or improvement to determine if they are appropriately classified and whether there is any impairment. All loans are graded upon initial issuance. Furthermore, construction loans, nonowner-occupied commercial real estate loans, and commercial loan relationships in excess of $1 million are reviewed at least annually. The Company determines the appropriate loan grade during the renewal process and reevaluates the loan grade in situations when a loan becomes past due. Loans excluded from the review process above are generally classified as pass credits until: (a) they become past due; (b) management becomes aware of deterioration in the credit worthiness of the borrower; or (c) the client contacts the Company for a modification. In these circumstances, the loan is specifically evaluated for potential classification as to special mention, substandard or even charged-off. The Company uses the following definitions for risk ratings: Pass Special Mention may not not Substandard not Doubtful one Loss not not no Age analysis of past due loans is as follows: Accruing Loans Greater Than 30-59 Days 60-89 Days 90 Days Total Past Nonaccrual Total (in thousands) Past Due Past Due Past Due Due Current Loans Loans At March 31, 2022 Real estate mortgage loans: Commercial $ 343 $ - $ - $ 343 $ 149,914 $ - $ 150,257 Residential and home equity 568 - - 568 188,425 - 188,993 Construction 258 - - 258 65,482 - 65,740 Commercial loans 377 - - 377 71,487 - 71,864 Consumer and other loans - 5 - 5 8,714 - 8,719 Total $ 1,546 $ 5 $ - $ 1,551 $ 484,022 $ - $ 485,573 At December 31, 2021 Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 156,306 $ - $ 156,306 Residential and home equity 710 - - 710 182,826 - 183,536 Construction - - - - 71,164 - 71,164 Commercial loans 411 - - 411 78,173 - 78,584 Consumer and other loans - - - - 7,283 - 7,283 Total $ 1,121 $ - $ - $ 1,121 $ 495,752 $ - $ 496,873 There was one March 31, 2022 December 31, 2021 March 31, 2022 December 31, 2021 With No Related Allowance Recorded With an Allowance Recorded Total Unpaid Unpaid Unpaid Contractual Contractual Contractual Recorded Principal Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Investment Balance Allowance Investment Balance Allowance At March 31, 2022 Consumer and other loans $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - Total $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - At December 31, 2021 Consumer and other loans $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - Total $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - There were no collateral dependent loans measured at fair value on a nonrecurring basis at March 31, 2022 December 31, 2021 The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows: Three Months Ended March 31, 2022 2021 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income (in thousands) Investment Recognized Received Investment Recognized Received Real estate mortgage loans: Residential and home equity $ - - $ - $ 556 $ - $ - Commercial loans - - - 510 - - Consumer and other loans 4 - - - - - Total $ 4 $ - $ - $ 1,066 $ - $ - The restructuring of a loan constitutes a troubled debt restructuring (“TDR”) if the creditor grants a concession to the debtor that it would not may not 19 not three March 31, 2022 2021.

Note 4 - Regulatory Capital

Note 4 - Regulatory Capital	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	( 4 Regulatory Capital The Bank is subject to various regulatory capital requirements administered by the 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 the Company’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The Bank is subject to the Basel III capital level threshold requirements under the Prompt Corrective Action regulations. These regulations were designed to ensure that banks maintain strong capital positions even in the event of severe economic downturns or unforeseen losses. The Bank is subject to the capital conservation buffer rules which place limitations on distributions, including dividend payments, and certain discretionary bonus payments to executive officers. In order to avoid these limitations, a bank must hold a capital conservation buffer above its minimum risk-based capital requirements. As of March 31, 2022 Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and percentages (set forth in the table below) of total and Tier 1 1 March 31, 2022 As of March 31, 2022 1 1 no For Capital Adequacy For Well Capitalized Actual Purposes Purposes (dollars in thousands) Amount Percentage Amount Percentage Amount Percentage As of March 31, 2022 Tier 1 Leverage Capital $ 72,985 8.56 % $ 34,098 4.00 % $ 42,623 5.00 % Common Equity Tier 1 Risk-based Capital 72,985 13.60 24,145 4.50 34,876 6.50 Tier 1 Risk-based Capital 72,985 13.60 32,193 6.00 42,924 8.00 Total Risk-based Capital 78,872 14.70 42,924 8.00 53,655 10.00 As of December 31, 2021 Tier 1 Leverage Capital $ 70,548 8.53 % $ 33,071 4.00 % $ 41,338 5.00 % Common Equity Tier 1 Risk-based Capital 70,548 13.45 23,596 4.50 34,083 6.50 Tier 1 Risk-based Capital 70,548 13.45 31,461 6.00 41,948 8.00 Total Risk-based Capital 76,522 14.59 41,948 8.00 52,435 10.00

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	( 5 ) Earnings Per Share Earnings per share, (“EPS”) have been computed on the basis of the weighted-average number of shares of common stock outstanding. For the three March 31, 2022 2021 2022 2021 Weighted- Per Weighted- Per Average Share Average Share (dollars in thousands, except per share amounts) Earnings Shares Amount Earnings Shares Amount Three Months Ending March 31: Basic EPS: Net earnings $ 2,241 3,138,695 $ 0.71 $ 2,234 3,123,565 $ 0.72 Effect of dilutive securities-incremental shares from assumed conversion of stock options 36,002 1,684 Diluted EPS: Net earnings $ 2,241 3,174,697 $ 0.71 $ 2,234 3,125,249 $ 0.71

Note 6 - Stock Benefit Plans

Note 6 - Stock Benefit Plans	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	( 6 ) Stock Benefit Plans 2015 The 2015 “2015 2015 may 500,000, no As of March 31, 2022 2015 three March 31, 2022 2021 Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2020 272,057 $ 19.80 Options exercised (120 ) $ (20.09 ) Options forfeited (180 ) (20.09 ) Outstanding at March 31, 2021 271,757 $ 19.80 Options granted 18,000 $ 27.12 Options exercised (30 ) (20.09 ) Options forfeited (21,070 ) (20.58 ) Outstanding at December 31, 2021 268,657 20.23 Options exercised (12,240 ) (17.21 ) Outstanding at March 31, 2022 256,417 $ 19.91 6.11 $ 1,865,697 Exercisable at March 31, 2022 147,437 $ 19.79 5.58 $ 1,152,887 The fair value of shares vested and recognized as compensation expense was $73,000 and $57,000 for the three March 31, 2022 2021 , respectively. These amounts include expense of $29,000 three March 31, 2022 2021 three March 31, 2022 2021 March 31, 2022 2015 Director s’ Plan In 2012, no The maximum number of shares to be issued pursuant to the Directors’ Plan is limited to 74,805 shares. For the three March 31, 2022 2021 , our directors received 1,189 and 1,122 shares of common stock, respectively, in lieu of cash fees calculated at 110% March 31, 2022 Restricted Stock Awards During the three March 31, 2022 2021 2021 2020, three Wtd-Avg Grant-Date Number of Fair Value Grant-Date Fair Shares per Share Value Non-vested restricted stock outstanding at December 31, 2020 6,235 $ 19.64 $ 123,000 Non-vested restricted stock granted in 2021 4,081 $ 18.04 74,000 Restricted stock shares vested in 2021 (2,478 ) (19.49 ) (48,000 ) Non-vested restricted stock outstanding at March 31, 2021 and December 31, 2021 7,838 $ 18.88 $ 149,000 Non-vested restricted stock granted in 2022 7,786 $ 28.31 220,000 Restricted stock shares vested in 2022 (3,838 ) $ (18.98 ) (73,000 ) Non-vested restricted stock outstanding at March 31, 2022 11,786 $ 25.08 $ 296,000 During the three March 31, 2022 2021 , the Company recognized $29,000 and $16,000 March 31, 2022 the Company had $275,000 in unrecognized expense to be recognized over a weighted-average period of 2.5 years.

Note 7 - Federal Home Loan Bank

Note 7 - Federal Home Loan Bank Advances and Other Borrowings	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	( 7 Federal Home Loan Bank Advances and Other Borrowings Federal Home Loan Bank (“FHLB”) advances are collateralized by a blanket lien on qualifying residential real estate, commercial real estate, home equity lines of credit and multi-family loans. Under this blanket lien, the Company could borrow up to $86.5 million at March 31, 2021 March 31, 2022 December 31, 2021 no In 2020, March 31, 2022. March 31, 2022

Note 8 - Derivative Financial I

Note 8 - Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	( 8 Derivative Financial Instruments The Company has entered into interest rate swaps in order to provide commercial real estate loan clients the ability to swap from variable to fixed interest rates. Under these agreements, the Company enters into a variable rate loan with a client at a specified index (Wall Street Journal Prime Lending Rate) in addition to a borrower swap agreement. This swap agreement effectively converts the client’s variable rate loan into a fixed rate. The Company then enters into a matching swap agreement with a third not no At March 31, 2022 At December 31, 2021 (dollars in thousands) Notional amount - interest rate swaps: Stand-alone derivatives $ 20,520 $ 20,606 Weighted-average pay rate - interest rate swaps 3.68 % 3.69 % Weighted-average receive rate - interest rate swaps 3.25 % 3.00 % Weighted-average maturity (in years) - interest rate swaps 13.3 13.6 Net realized fair value adjustments: Stand-alone derivatives - interest rate swaps (other assets) $ 1,255 $ 630 Stand-alone derivatives - interest rate swaps (other liabilities) $ (1,255 ) $ (630 ) The Company is party to a collateral support agreement with its dealer counterparty. Such agreement requires that the Company or the dealer counterparty to maintain collateral based on the fair values of derivative instruments. In the event of default by a counterparty the non-defaulting counterparty would be entitled to the collateral. The Company does not

Note 9- Fair Value of Financial

Note 9- Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	( 9 Fair Value of Financial Instruments The estimated fair values and fair value measurement method with respect to the Company's financial instruments were as follows: At March 31, 2022 At December 31, 2021 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 233,789 $ 233,789 $ 233,473 $ 233,473 Debt securities available for sale 2 101,868 101,868 73,763 73,763 Debt securities held to maturity 2 6,185 5,837 Loans held for sale 3 11,241 11,416 11,768 11,964 Loans, net 3 479,526 476,850 490,198 495,209 Federal Home Loan Bank stock 3 463 463 366 366 Accrued interest receivable 3 1,649 1,649 1,505 1,505 Bank-owned life insurance 3 16,248 16,248 16,153 16,153 Derivative contract assets 3 1,255 1,255 630 630 Financial liabilities: Deposits 3 787,943 788,118 762,942 763,147 Other borrowings 3 3,975 3,975 3,575 3,575 Derivative contract liabilities 3 1,255 1,255 630 630 Off-Balance Sheet Items 3 - - - - Discussion regarding the assumptions used to compute the estimated fair values of financial instruments can be found in Note 1 10 December 31, 2021

Note 10 - Off-balance Sheet Fin

Note 10 - Off-balance Sheet Financial Instruments	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Off-balance Sheet Financial Instruments [Text Block]	( 10 ) Off- B alance S heet Financial Instruments The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its clients. These financial instruments are commitments to extend credit, construction loans in process, unused lines of credit, standby letters of credit, and guaranteed accounts and may The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for available lines of credit, construction loans in process and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. Commitments to extend credit, construction loans in process and unused lines of credit are agreements to lend to a client as long as there is no may not Standby letters of credit are written conditional commitments issued by the Company to guarantee the performance of a client to a third third one not third $484,000 March 31, 2022 Guaranteed accounts are irrevocable standby letters of credit issued by us to guarantee a client’s credit line with our third Standby letters of credit and commitments to extend credit typically result in loans with a market interest rate when funded. The maximum potential amount of future payments we could be required to make for off-balance sheet financial instruments is represented by the dollar amount disclosed in the table below. At March 31, 2022 (in thousands) Commitments to extend credit $ 4,808 Construction loans in process $ 55,714 Unused lines of credit $ 90,222 Standby financial letters of credit $ 2,883 Standby performance letters of credit $ - Guaranteed accounts $ 1,312

Note 11 - Contingency

Note 11 - Contingency	3 Months Ended
	Mar. 31, 2022
Notes to Financial Statements
Contingencies Disclosure [Text Block]	( 11 Contingency The extent to which the COVID- 19 may March 31, 2022

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Prime Meridian Holding Company (“PMHG”) owns 100% of the outstanding common stock of Prime Meridian Bank (the "Bank") (collectively the "Company"). PMHG’s primary activity is the operation of the Bank. The Bank is a Florida state-chartered commercial bank, and the deposit accounts of the Bank are insured up to the applicable limits by the Federal Deposit Insurance Corporation ("FDIC"). The Bank offers a variety of community banking services to individual and corporate clients through its four The accounting and financial reporting policies of the Company conform, in all material respects, to accounting principles generally accepted in the United States (“GAAP”) and to general practices within the banking industry. The condensed consolidated financial statements in the Quarterly Report on Form 10 not 10 not and notes thereto, for the year ended December 31, 2021 , included in our Annual Report on Form 10 March 10, 2022 three March 31, 2022 not
Comprehensive Income, Policy [Policy Text Block]	Comprehensive (Loss) Incom e .
Share-Based Payment Arrangement, Director [Policy Text Block]	S tock - Based Compensation.
Mortgage Banking Activity [Policy Text Block]	Mortgage Banking Revenue.
Debit Card and ATM Revenue, Policy [Policy Text Block]	Debit Card / ATM Revenue.
Derivatives, Policy [Policy Text Block]	Derivatives. third not no
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Standards Update. In June 2016, No. 2016 13, Financial Instruments-Credit Losses (Topic 326 December 15, 2019. October 16, 2019, January, 2023

Note 2 - Debt Securities (Table

Note 2 - Debt Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Debt Securities, Available-for-Sale and Held-to-Maturity [Table Text Block]	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 20,738 $ - $ (353 ) $ 20,385 Municipal securities 17,684 5 (1,218 ) 16,471 Mortgage-backed securities 63,539 22 (2,897 ) 60,664 Asset-backed securities 4,369 20 (41 ) 4,348 Total $ 106,330 $ 47 $ (4,509 ) $ 101,868 Debt Securities Held to Maturity Municipal securities $ 6,185 $ - $ (348 ) $ 5,837 At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,933 $ - $ (14 ) $ 2,919 Municipal securities 17,721 288 (240 ) 17,769 Mortgage-backed securities 48,614 379 (528 ) 48,465 Asset-backed securities 4,592 25 (7 ) 4,610 Total $ 73,860 $ 692 $ (789 ) $ 73,763
Schedule of Realized Gain (Loss) [Table Text Block]	Three Months Ended March 31, (in thousands) 2022 2021 Proceeds from sale of debt securities $ - $ 5,874 Gross gains - 108 Gross losses - - Net gain on sale of debt securities $ - $ 108
Debt Securities, Available-for-Sale and Held-to-maturity, Unrealized Loss Position, Fair Value [Table Text Block]	Less Than Twelve Months More Than Twelve Months Gross Gross Unrealized Fair Unrealized Fair Losses Value Losses Value (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ (353 ) $ 15,380 $ - $ - Municipal securities (944 ) 13,551 (274 ) 1,733 Mortgage-backed securities (2,368 ) 48,404 (529 ) 4,891 Asset-backed securities (24 ) 1,620 (17 ) 1,354 Total $ (3,689 ) $ 78,955 $ (820 ) $ 7,978 Debt Securities Held to Maturity Municipal securities $ (348 ) $ 5,837 $ - $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government Agencies $ (14 ) $ 2,919 $ - $ - Municipal securities (240 ) 8,429 - - Mortgage-backed securities (528 ) 28,207 - - Asset-backed securities - - (7 ) 1,430 Total $ (782 ) $ 39,555 $ (7 ) $ 1,430
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements Using Quoted Prices In Active Significant Markets for Other Significant Identical Observable Unobservable Fair Assets Inputs Inputs Value (Level 1) (Level 2) (Level 3) (in thousands) At March 31, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 20,385 $ - $ 20,385 $ - Municipal securities 16,471 - 16,471 - Mortgage-backed securities 60,664 - 60,664 - Asset-backed securities 4,348 - 4,348 - Total $ 101,868 $ - $ 101,868 $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,919 $ - $ 2,919 $ - Municipal securities 17,769 - 17,769 - Mortgage-backed securities 48,465 - 48,465 - Asset-backed securities 4,610 - 4,610 - Total $ 73,763 $ - $ 73,763 $ -
Investments Classified by Contractual Maturity Date [Table Text Block]	At March 31, 2022 Amortized Fair Cost Value (in thousands) Debt Securities Available for Sale Due in less than one year $ 6 $ 6 Due in one to five years 18,663 18,489 Due in five to ten years 15,412 14,288 Due after ten years 8,710 8,421 Mortgage-backed securities 63,539 60,664 Total $ 106,330 $ 101,868 Debt Securities Held to Maturity Due after ten years $ 6,185 $ 5,837

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Portfolio of Loans [Table Text Block]	(in thousands) At March 31, 2022 At December 31, 2021 Real estate mortgage loans: Commercial $ 150,257 $ 156,306 Residential and home equity 188,993 183,536 Construction 65,740 71,164 Total real estate mortgage loans 404,990 411,006 Commercial loans 71,864 78,584 Consumer and other loans 8,719 7,283 Total loans 485,573 496,873 Add (deduct): Net deferred loan fees (160 ) (701 ) Allowance for loan losses (5,887 ) (5,974 ) Loans, net $ 479,526 $ 490,198
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other Unallocated (in thousands) Commercial Equity Construction Loans Loans Reserves Total Three Month Period Ended March 31, 2022 Beginning balance $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974 Provision (credit) for loan losses (61 ) 64 (59 ) (346 ) 31 - (371 ) Net (charge-offs) recoveries - - - 295 (11 ) - 284 Ending balance $ 1,701 $ 2,203 $ 798 $ 1,074 $ 111 $ - $ 5,887 Three Month Period Ended March 31, 2021 Beginning balance $ 1,500 $ 1,827 $ 539 $ 1,592 $ 75 $ 559 $ 6,092 Provision (credit) for loan losses (2 ) 30 11 (170 ) - 131 - Net (charge-offs) recoveries - - - 8 (3 ) - 5 Ending balance $ 1,498 $ 1,857 $ 550 $ 1,430 $ 72 $ 690 $ 6,097 At March 31, 2022 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ 4 $ - $ 4 Balance in allowance for loan losses $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment: Recorded investment $ 150,257 $ 188,993 $ 65,740 $ 71,864 $ 8,715 $ - $ 485,569 Balance in allowance for loan losses $ 1,701 $ 2,203 $ 798 $ 1,074 $ 111 $ - $ 5,887 At December 31, 2021 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ 4 $ - $ 4 Balance in allowance for loan losses $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment: Recorded investment $ 156,306 $ 183,536 $ 71,164 $ 78,584 $ 7,283 $ - $ 496,873 Balance in allowance for loan losses $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974
Financing Receivable Credit Quality Indicators [Table Text Block]	Real Estate Mortgage Loans Residential Consumer and Home Commercial and Other (in thousands) Commercial Equity Construction Loans Loans Total At March 31, 2022 Grade: Pass $ 147,799 $ 186,462 $ 65,664 $ 71,674 $ 8,701 $ 480,300 Special mention 2,458 2,531 76 190 18 5,273 Substandard - - - - - - Doubtful - - - - - - Loss - - - - - - Total $ 150,257 $ 188,993 $ 65,740 $ 71,864 $ 8,719 $ 485,573 At December 31, 2021 Grade: Pass $ 153,404 $ 181,770 $ 71,051 $ 78,462 $ 7,233 $ 491,920 Special mention 2,902 1,766 113 118 50 4,949 Substandard - - - 4 - 4 Doubtful - - - - - - Loss - - - - - - Total $ 156,306 $ 183,536 $ 71,164 $ 78,584 $ 7,283 $ 496,873
Financing Receivable, Past Due [Table Text Block]	Accruing Loans Greater Than 30-59 Days 60-89 Days 90 Days Total Past Nonaccrual Total (in thousands) Past Due Past Due Past Due Due Current Loans Loans At March 31, 2022 Real estate mortgage loans: Commercial $ 343 $ - $ - $ 343 $ 149,914 $ - $ 150,257 Residential and home equity 568 - - 568 188,425 - 188,993 Construction 258 - - 258 65,482 - 65,740 Commercial loans 377 - - 377 71,487 - 71,864 Consumer and other loans - 5 - 5 8,714 - 8,719 Total $ 1,546 $ 5 $ - $ 1,551 $ 484,022 $ - $ 485,573 At December 31, 2021 Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 156,306 $ - $ 156,306 Residential and home equity 710 - - 710 182,826 - 183,536 Construction - - - - 71,164 - 71,164 Commercial loans 411 - - 411 78,173 - 78,584 Consumer and other loans - - - - 7,283 - 7,283 Total $ 1,121 $ - $ - $ 1,121 $ 495,752 $ - $ 496,873
Impaired Financing Receivables [Table Text Block]	With No Related Allowance Recorded With an Allowance Recorded Total Unpaid Unpaid Unpaid Contractual Contractual Contractual Recorded Principal Recorded Principal Related Recorded Principal Related (in thousands) Investment Balance Investment Balance Allowance Investment Balance Allowance At March 31, 2022 Consumer and other loans $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - Total $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - At December 31, 2021 Consumer and other loans $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - Total $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ -
Impaired Financing Receivables, Average Recorded Investment, and Interest Income Recognized [Table Text Block]	Three Months Ended March 31, 2022 2021 Average Interest Interest Average Interest Interest Recorded Income Income Recorded Income Income (in thousands) Investment Recognized Received Investment Recognized Received Real estate mortgage loans: Residential and home equity $ - - $ - $ 556 $ - $ - Commercial loans - - - 510 - - Consumer and other loans 4 - - - - - Total $ 4 $ - $ - $ 1,066 $ - $ -

Note 4 - Regulatory Capital (Ta

Note 4 - Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	For Capital Adequacy For Well Capitalized Actual Purposes Purposes (dollars in thousands) Amount Percentage Amount Percentage Amount Percentage As of March 31, 2022 Tier 1 Leverage Capital $ 72,985 8.56 % $ 34,098 4.00 % $ 42,623 5.00 % Common Equity Tier 1 Risk-based Capital 72,985 13.60 24,145 4.50 34,876 6.50 Tier 1 Risk-based Capital 72,985 13.60 32,193 6.00 42,924 8.00 Total Risk-based Capital 78,872 14.70 42,924 8.00 53,655 10.00 As of December 31, 2021 Tier 1 Leverage Capital $ 70,548 8.53 % $ 33,071 4.00 % $ 41,338 5.00 % Common Equity Tier 1 Risk-based Capital 70,548 13.45 23,596 4.50 34,083 6.50 Tier 1 Risk-based Capital 70,548 13.45 31,461 6.00 41,948 8.00 Total Risk-based Capital 76,522 14.59 41,948 8.00 52,435 10.00

Note 5 - Earnings Per Share (Ta

Note 5 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2022 2021 Weighted- Per Weighted- Per Average Share Average Share (dollars in thousands, except per share amounts) Earnings Shares Amount Earnings Shares Amount Three Months Ending March 31: Basic EPS: Net earnings $ 2,241 3,138,695 $ 0.71 $ 2,234 3,123,565 $ 0.72 Effect of dilutive securities-incremental shares from assumed conversion of stock options 36,002 1,684 Diluted EPS: Net earnings $ 2,241 3,174,697 $ 0.71 $ 2,234 3,125,249 $ 0.71

Note 6 - Stock Benefit Plans (T

Note 6 - Stock Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Nonvested Restricted Stock Shares Activity [Table Text Block]	Wtd-Avg Grant-Date Number of Fair Value Grant-Date Fair Shares per Share Value Non-vested restricted stock outstanding at December 31, 2020 6,235 $ 19.64 $ 123,000 Non-vested restricted stock granted in 2021 4,081 $ 18.04 74,000 Restricted stock shares vested in 2021 (2,478 ) (19.49 ) (48,000 ) Non-vested restricted stock outstanding at March 31, 2021 and December 31, 2021 7,838 $ 18.88 $ 149,000 Non-vested restricted stock granted in 2022 7,786 $ 28.31 220,000 Restricted stock shares vested in 2022 (3,838 ) $ (18.98 ) (73,000 ) Non-vested restricted stock outstanding at March 31, 2022 11,786 $ 25.08 $ 296,000
The 2015 Stock Incentive Compensation Plan [Member]
Notes Tables
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Weighted- Weighted- Average Average Remaining Aggregate Number of Exercise Contractual Intrinsic Options Price Term (years) Value Outstanding at December 31, 2020 272,057 $ 19.80 Options exercised (120 ) $ (20.09 ) Options forfeited (180 ) (20.09 ) Outstanding at March 31, 2021 271,757 $ 19.80 Options granted 18,000 $ 27.12 Options exercised (30 ) (20.09 ) Options forfeited (21,070 ) (20.58 ) Outstanding at December 31, 2021 268,657 20.23 Options exercised (12,240 ) (17.21 ) Outstanding at March 31, 2022 256,417 $ 19.91 6.11 $ 1,865,697 Exercisable at March 31, 2022 147,437 $ 19.79 5.58 $ 1,152,887

Note 8 - Derivative Financial_2

Note 8 - Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	At March 31, 2022 At December 31, 2021 (dollars in thousands) Notional amount - interest rate swaps: Stand-alone derivatives $ 20,520 $ 20,606 Weighted-average pay rate - interest rate swaps 3.68 % 3.69 % Weighted-average receive rate - interest rate swaps 3.25 % 3.00 % Weighted-average maturity (in years) - interest rate swaps 13.3 13.6 Net realized fair value adjustments: Stand-alone derivatives - interest rate swaps (other assets) $ 1,255 $ 630 Stand-alone derivatives - interest rate swaps (other liabilities) $ (1,255 ) $ (630 )

Note 9- Fair Value of Financi_2

Note 9- Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	At March 31, 2022 At December 31, 2021 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 233,789 $ 233,789 $ 233,473 $ 233,473 Debt securities available for sale 2 101,868 101,868 73,763 73,763 Debt securities held to maturity 2 6,185 5,837 Loans held for sale 3 11,241 11,416 11,768 11,964 Loans, net 3 479,526 476,850 490,198 495,209 Federal Home Loan Bank stock 3 463 463 366 366 Accrued interest receivable 3 1,649 1,649 1,505 1,505 Bank-owned life insurance 3 16,248 16,248 16,153 16,153 Derivative contract assets 3 1,255 1,255 630 630 Financial liabilities: Deposits 3 787,943 788,118 762,942 763,147 Other borrowings 3 3,975 3,975 3,575 3,575 Derivative contract liabilities 3 1,255 1,255 630 630 Off-Balance Sheet Items 3 - - - -

Note 10 - Off-balance Sheet F_2

Note 10 - Off-balance Sheet Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	At March 31, 2022 (in thousands) Commitments to extend credit $ 4,808 Construction loans in process $ 55,714 Unused lines of credit $ 90,222 Standby financial letters of credit $ 2,883 Standby performance letters of credit $ - Guaranteed accounts $ 1,312

Note 1 - General (Details Textu

Note 1 - General (Details Textual)	3 Months Ended
	Mar. 31, 2022
Subsidiary, Ownership Percentage By Parent	100.00%
Number of Banking Offices	4

Note 2 - Debt Securities (Detai

Note 2 - Debt Securities (Details Textual)	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	72	26

Note 2 - Debt Securities - Summ

Note 2 - Debt Securities - Summary of Carrying Amount and Fair Values of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized Cost, AFS	$ 106,330	$ 73,860
Gross Unrealized Gains, available for sale	47	692
Gross Unrealized Losses, available for sale	(4,509)	(789)
Debt securities available for sale	101,868	73,763
US Treasury and Government [Member]
Amortized Cost, AFS	20,738
Gross Unrealized Gains, available for sale	0
Gross Unrealized Losses, available for sale	(353)
Debt securities available for sale	20,385
US States and Political Subdivisions Debt Securities [Member]
Amortized Cost, AFS	17,684	17,721
Gross Unrealized Gains, available for sale	5	288
Gross Unrealized Losses, available for sale	(1,218)	(240)
Debt securities available for sale	16,471	17,769
Amortized Cost, held to maturity	6,185
Gross Unrealized Gains, held to maturity	0
Gross Unrealized Losses, held to maturity	(348)
Fair Value, held to maturity	5,837
Collateralized Mortgage-Backed Securities [Member]
Amortized Cost, AFS	63,539	48,614
Gross Unrealized Gains, available for sale	22	379
Gross Unrealized Losses, available for sale	(2,897)	(528)
Debt securities available for sale	60,664	48,465
Asset-Backed Securities [Member]
Amortized Cost, AFS	4,369	4,592
Gross Unrealized Gains, available for sale	20	25
Gross Unrealized Losses, available for sale	(41)	(7)
Debt securities available for sale	$ 4,348	4,610
US Government Agencies Debt Securities [Member]
Amortized Cost, AFS		2,933
Gross Unrealized Gains, available for sale		0
Gross Unrealized Losses, available for sale		(14)
Debt securities available for sale		$ 2,919

Note 2 - Debt Securities - Su_2

Note 2 - Debt Securities - Summary of Sale of Securities Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Proceeds from sale of debt securities available for sale	$ 0	$ 5,874
Gross gains	0	108
Gross losses	0	0
Net gain on sale of debt securities	$ 0	$ 108

Note 2 - Debt Securities - Su_3

Note 2 - Debt Securities - Summary of Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Gross Unrealized Losses, Less Than Twelve Months, AFS	$ (3,689)	$ (782)
Fair Value, Less Than Twelve Months, AFS	78,955	39,555
Gross Unrealized Losses, Over Twelve Months, AFS	(820)	(7)
Fair Value, Over Twelve Months, AFS	7,978	1,430
US Treasury and Government [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(353)
Fair Value, Less Than Twelve Months, AFS	15,380
Gross Unrealized Losses, Over Twelve Months, AFS	0
Fair Value, Over Twelve Months, AFS	0
US States and Political Subdivisions Debt Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(944)	(240)
Fair Value, Less Than Twelve Months, AFS	13,551	8,429
Gross Unrealized Losses, Over Twelve Months, AFS	(274)	0
Fair Value, Over Twelve Months, AFS	1,733	0
Gross Unrealized Losses, Less Than Twelve Months, Held-to-maturity	(348)
Fair Value, Less Than Twelve Months, held-to-maturity	5,837
Gross Unrealized Losses, Over Twelve Months, held-to-maturity	0
Fair Value, Over Twelve Months, Held-to-maturity	0
Collateralized Mortgage-Backed Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(2,368)	(528)
Fair Value, Less Than Twelve Months, AFS	48,404	28,207
Gross Unrealized Losses, Over Twelve Months, AFS	(529)	0
Fair Value, Over Twelve Months, AFS	4,891	0
Asset-Backed Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(24)
Fair Value, Less Than Twelve Months, AFS	1,620
Gross Unrealized Losses, Over Twelve Months, AFS	(17)	(7)
Fair Value, Over Twelve Months, AFS	$ 1,354	1,430
US Government Agencies Debt Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS		(14)
Fair Value, Less Than Twelve Months, AFS		2,919
Gross Unrealized Losses, Over Twelve Months, AFS		0
Fair Value, Over Twelve Months, AFS		$ 0

Note 2 - Debt Securities - Secu

Note 2 - Debt Securities - Securities Available for Sale Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt securities available for sale	$ 101,868	$ 73,763
US Treasury and Government [Member]
Debt securities available for sale	20,385
US States and Political Subdivisions Debt Securities [Member]
Debt securities available for sale	16,471	17,769
Collateralized Mortgage-Backed Securities [Member]
Debt securities available for sale	60,664	48,465
Asset-Backed Securities [Member]
Debt securities available for sale	4,348	4,610
US Government Agencies Debt Securities [Member]
Debt securities available for sale		2,919
Fair Value, Recurring [Member]
Debt securities available for sale	101,868	73,763
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	101,868	73,763
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | US Treasury and Government [Member]
Debt securities available for sale	20,385
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	20,385
Fair Value, Recurring [Member] | US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member]
Debt securities available for sale	16,471	17,769
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	16,471	17,769
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Debt securities available for sale	60,664	48,465
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	60,664	48,465
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Debt securities available for sale	4,348	4,610
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0	0
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	4,348	4,610
Fair Value, Recurring [Member] | Asset-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	$ 0	0
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member]
Debt securities available for sale		2,919
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale		0
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale		2,919
Fair Value, Recurring [Member] | US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale		$ 0

Note 2 - Debt Securities - Sche

Note 2 - Debt Securities - Scheduled Maturities of Securities with Fair Value and Amortized Cost (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Due in less than one year, amortized cost	$ 6
Due in less than one year, fair value	6
Due in one to five years, amortized cost	18,663
Due in one to five years, fair value	18,489
Due in five to ten years, amortized cost	15,412
Due in five to ten years, fair value	14,288
Due after ten years, amortized cost	8,710
Due after ten years, fair value	8,421
Mortgage-backed securities, amortized cost	63,539
Mortgage-backed securities, fair value	60,664
Total, amortized cost	106,330	$ 73,860
Total, fair value, AFS	101,868	$ 73,763
Due after ten years, held-to-maturity	6,185
Due after ten years, fair value, held-to-maturity	$ 5,837

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2021	Dec. 31, 2021USD ($)
Number of Portfolio Classes	5
Impairment Valuation Loan Limit	$ 1,000
Financing Receivable, Modifications, Number of Contracts	0	0
Nonperforming Financial Instruments [Member] | Collateral Pledged [Member] | Fair Value, Nonrecurring [Member]
Loans Receivable, Fair Value Disclosure	$ 0		$ 0
Loans Receivable [Member] | Minimum [Member]
Loan Maturity Period (Year)	1 year
Loans Receivable [Member] | Maximum [Member]
Loan Maturity Period (Year)	10 years
Real Estate Mortgage Loans [Member]
Number of Portfolio Classes	3
Commercial Real Estate Portfolio Segment [Member]
Loan Maturity Period (Year)	20 years
Period of Fixed Interest Rate (Year)	5 years
Residential Portfolio Segment [Member] | Period 1 [Member]
Period of Fixed Interest Rate (Year)	15 years
Period of Adjustment of Interest Rate (Year)	1 year
Residential Portfolio Segment [Member] | Period 2 [Member]
Period of Fixed Interest Rate (Year)	30 years
Period of Adjustment of Interest Rate (Year)	3 years
Residential Portfolio Segment [Member] | Period 3 [Member]
Period of Adjustment of Interest Rate (Year)	5 years
Residential Portfolio Segment [Member] | Period 4 [Member]
Period of Adjustment of Interest Rate (Year)	7 years
Residential Portfolio Segment [Member] | Period 5 [Member]
Period of Adjustment of Interest Rate (Year)	10 years
Real Estate Construction Loan [Member] | Minimum [Member]
Loan Maturity Period (Year)	1 year
Real Estate Construction Loan [Member] | Maximum [Member]
Loan Maturity Period (Year)	2 years
Commercial Portfolio Segment [Member] | Equipment Loans [Member] | Maximum [Member]
Loan Maturity Period (Year)	5 years

Note 3 - Loans - Composition of

Note 3 - Loans - Composition of Company's Loan Portfolio, Excluding Loans Held for Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Total loans	$ 485,573	$ 496,873
Net deferred loan fees	(160)	(701)
Allowance for loan losses	(5,887)	(5,974)	$ (6,097)	$ (6,092)
Loans, net	479,526	490,198
Mortgage Receivable [Member]
Total loans	404,990	411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	150,257	156,306
Allowance for loan losses	(1,701)	(1,762)	(1,498)	(1,500)
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Total loans	188,993	183,536
Allowance for loan losses	(2,203)	(2,139)	(1,857)	(1,827)
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Total loans	65,740	71,164
Allowance for loan losses	(798)	(857)	(550)	(539)
Loans and Finance Receivables [Member]
Total loans		496,873
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Total loans	71,864	78,584
Allowance for loan losses	(1,074)	(1,125)	(1,430)	(1,592)
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Total loans	8,719	7,283
Allowance for loan losses	$ (111)	$ (91)	$ (72)	$ (75)

Note 3 - Loans - Summary of Cha

Note 3 - Loans - Summary of Changes in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Beginning balance	$ 5,974	$ 6,092
Provision (credit) for loan losses	(371)	0
Net (charge-offs) recoveries	284	5
Ending balance	5,887	6,097
Recorded investment, individually evaluated for impairment	4		$ 4
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	485,569		496,873
Balance in allowance for loan losses, collectively evaluated for impairment	5,887		5,974
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Beginning balance	1,762	1,500
Provision (credit) for loan losses	(61)	(2)
Net (charge-offs) recoveries	0	0
Ending balance	1,701	1,498
Recorded investment, individually evaluated for impairment	0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	150,257		156,306
Balance in allowance for loan losses, collectively evaluated for impairment	1,701		1,762
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Beginning balance	2,139	1,827
Provision (credit) for loan losses	64	30
Net (charge-offs) recoveries	0	0
Ending balance	2,203	1,857
Recorded investment, individually evaluated for impairment	0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	188,993		183,536
Balance in allowance for loan losses, collectively evaluated for impairment	2,203		2,139
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Beginning balance	857	539
Provision (credit) for loan losses	(59)	11
Net (charge-offs) recoveries	0	0
Ending balance	798	550
Recorded investment, individually evaluated for impairment	0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	65,740		71,164
Balance in allowance for loan losses, collectively evaluated for impairment	798		857
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Beginning balance	1,125	1,592
Provision (credit) for loan losses	(346)	(170)
Net (charge-offs) recoveries	295	8
Ending balance	1,074	1,430
Recorded investment, individually evaluated for impairment	0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	71,864		78,584
Balance in allowance for loan losses, collectively evaluated for impairment	1,074		1,125
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Beginning balance	91	75
Provision (credit) for loan losses	31	0
Net (charge-offs) recoveries	(11)	(3)
Ending balance	111	72
Recorded investment, individually evaluated for impairment	4		4
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	8,715		7,283
Balance in allowance for loan losses, collectively evaluated for impairment	111		91
Loans and Finance Receivables [Member] | Unallocated Financing Receivables [Member]
Beginning balance	0	559
Provision (credit) for loan losses	0	131
Net (charge-offs) recoveries	0	0
Ending balance	0	$ 690
Recorded investment, individually evaluated for impairment	0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0
Recorded investment, collectively evaluated for impairment	0		0
Balance in allowance for loan losses, collectively evaluated for impairment	$ 0		$ 0

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loan Credit Quality (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans by credit quality	$ 485,573	$ 496,873
Pass [Member]
Loans by credit quality	480,300	491,920
Special Mention [Member]
Loans by credit quality	5,273	4,949
Substandard [Member]
Loans by credit quality	0	4
Doubtful [Member]
Loans by credit quality	0	0
Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member]
Loans by credit quality	404,990	411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans by credit quality	150,257	156,306
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	147,799	153,404
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2,458	2,902
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Loans by credit quality	188,993	183,536
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	186,462	181,770
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2,531	1,766
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Loans by credit quality	65,740	71,164
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Pass [Member]
Loans by credit quality	65,664	71,051
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Special Mention [Member]
Loans by credit quality	76	113
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Substandard [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Doubtful [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member]
Loans by credit quality		496,873
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Loans by credit quality	71,864	78,584
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	71,674	78,462
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	190	118
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	0	4
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Loans by credit quality	8,719	7,283
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	8,701	7,233
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	18	50
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Doubtful [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Loans by credit quality	$ 0	$ 0

Note 3 - Loans - Summary of Pas

Note 3 - Loans - Summary of Past Due Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans by credit quality	$ 485,573	$ 496,873
Nonaccrual Loans	0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	1,546
Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	5
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0
Financial Asset, Past Due [Member]
Loans by credit quality	1,551
Financial Asset, Not Past Due [Member]
Loans by credit quality	484,022
Mortgage Receivable [Member]
Loans by credit quality	404,990	411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans by credit quality	150,257	156,306
Nonaccrual Loans	0	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	343	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans by credit quality	343	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	149,914	156,306
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Loans by credit quality	188,993	183,536
Nonaccrual Loans	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	568	710
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans by credit quality	568	710
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	188,425	182,826
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Loans by credit quality	65,740	71,164
Nonaccrual Loans	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	258	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, Past Due [Member]
Loans by credit quality	258	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	65,482	71,164
Loans and Finance Receivables [Member]
Loans by credit quality		496,873
Nonaccrual Loans		0
Loans and Finance Receivables [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality		1,121
Loans and Finance Receivables [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality		0
Loans and Finance Receivables [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality		0
Loans and Finance Receivables [Member] | Financial Asset, Past Due [Member]
Loans by credit quality		1,121
Loans and Finance Receivables [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality		495,752
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Loans by credit quality	71,864	78,584
Nonaccrual Loans	0	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	377	411
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans by credit quality	377	411
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	71,487	78,173
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Loans by credit quality	8,719	7,283
Nonaccrual Loans	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	5	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans by credit quality	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, Past Due [Member]
Loans by credit quality	5	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	$ 8,714	$ 7,283

Note 3 - Loans - Summary of Imp

Note 3 - Loans - Summary of Impaired Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
With No Related Allowance Recorded, Recorded Investment	$ 4	$ 4
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	4	4
With an Allowance Recorded, Recorded Investment	0	0
With an Allowance Recorded, Unpaid Contractual Principal Balance	0	0
Related Allowance	0	0
Total Recorded Investment	4	4
Total Unpaid Contractual Principal Balance	4	4
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
With No Related Allowance Recorded, Recorded Investment	4	4
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	4	4
With an Allowance Recorded, Recorded Investment	0	0
With an Allowance Recorded, Unpaid Contractual Principal Balance	0	0
Related Allowance	0	0
Total Recorded Investment	4	4
Total Unpaid Contractual Principal Balance	$ 4	$ 4

Note 3 - Loans - Summary of Ave

Note 3 - Loans - Summary of Average Net Investment in Impaired Loans and Interest Income Recognized and Received on Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Average recorded investment	$ 4	$ 1,066
Interest income recognized	0	0
Interest income received	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Average recorded investment	0	556
Interest income recognized	0	0
Interest income received	0	0
Mortgage Receivable [Member] | Commercial Portfolio Segment [Member]
Average recorded investment	0	510
Interest income recognized	0	0
Interest income received	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Average recorded investment	4	0
Interest income recognized	0	0
Interest income received	$ 0	$ 0

Note 4 - Regulatory Capital - S

Note 4 - Regulatory Capital - Summary of Regulatory Capital Requirements and Bank's Capital Position (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Tier 1 Leverage Capital, actual amount	$ 72,985	$ 70,548
Tier 1 Leverage Capital, actual percentage	0.0856	0.0853
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Amount	$ 34,098	$ 33,071
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Percentage	0.0400	0.0400
Tier 1 Leverage Capital, For Well Capitalized Purposes, Amount	$ 42,623	$ 41,338
Tier 1 Leverage Capital, For Well Capitalized Purposes, Percentage	0.0500	0.0500
Common Equity Tier 1 Risk-based Capital, actual amount	$ 72,985	$ 70,548
Common Equity Tier 1 Risk-based Capital, actual percentage	0.1360	0.1345
Common Equity Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 24,145	$ 23,596
Common Equity Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Percentage	4.50%	4.50%
Common Equity Tier 1 Risk-based Capital, For Well Capitalized Purposes, Amount	$ 34,876	$ 34,083
Common Equity Tier 1 Risk-based Capital, For Well Capitalized Purposes, Percentage	6.50%	6.50%
Tier 1 Risk-based Capital, actual amount	$ 72,985	$ 70,548
Tier 1 Risk-based Capital, actual percentage	0.1360	0.1345
Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 32,193	$ 31,461
Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Percentage	0.0600	0.0600
Tier 1 Risk-based Capital, For Well Capitalized Purposes, Amount	$ 42,924	$ 41,948
Tier 1 Risk-based Capital, For Well Capitalized Purposes, Percentage	0.0800	0.0800
Total Risk-based Capital, actual amount	$ 78,872	$ 76,522
Total Risk-based Capital, actual percentage	0.1470	0.1459
Total Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 42,924	$ 41,948
Total Risk-based Capital, For Well Capitalized Purposes, Amount	$ 53,655	$ 52,435
Total Risk-based Capital, For Well Capitalized Purposes, Percentage	0.1000	0.1000

Note 5 - Earnings Per Share - C

Note 5 - Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net earnings, basic	$ 2,241	$ 2,234
Weighted-average Shares, basic (in shares)	3,138,695	3,123,565
Net earnings, per share amount, basic (in dollars per share)	$ 0.71	$ 0.72
Effect of dilutive securities-incremental shares from assumed conversion of stock options (in shares)	36,002	1,684
Net earnings, diluted	$ 2,241	$ 2,234
Weighted-average Shares, diluted (in shares)	3,174,697	3,125,249
Net earnings, per share amount, diluted (in dollars per share)	$ 0.71	$ 0.71

Note 6 - Stock Benefit Plans (D

Note 6 - Stock Benefit Plans (Details Textual) - USD ($)	May 20, 2015	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2021
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense		$ 29,000	$ 16,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 275,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		2 years 6 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		7,786	4,081		4,081
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)		3 years
The 2015 Stock Incentive Compensation Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)		184,430
Share-Based Payment Arrangement, Expense		$ 73,000	$ 57,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				18,000
The 2015 Stock Incentive Compensation Plan [Member] | Share-Based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	500,000
Maximum Percentage of Shares Issued	15.00%
Share-Based Payment Arrangement, Expense, Tax Benefit		5,000	5,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 285,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		2 years 7 months 6 days
The 2015 Stock Incentive Compensation Plan [Member] | Restricted Stock [Member]
Share-Based Payment Arrangement, Expense, Tax Benefit		$ 29,000	16,000
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		74,805
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)		40,175
Share-Based Payment Arrangement, Expense		$ 31,000	$ 22,000
Stock Consideration on Percentage of Common Stock Received Upon Cash Fees		110.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		1,189	1,122

Note 6 - Stock Benefit Plans -

Note 6 - Stock Benefit Plans - Summary of the 2015 Plan (Details) - The 2015 Stock Incentive Compensation Plan [Member] - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Number of Options, Outstanding, beginning balance (in shares)	268,657	272,057	271,757
Weighted-average Exercise Price, Outstanding, beginning balance (in dollars per share)	$ 20.23	$ 19.80	$ 19.80
Number of Options, exercised (in shares)	(12,240)	(120)	(30)
Weighted-average Exercise Price, exercised (in dollars per share)	$ (17.21)	$ (20.09)	$ (20.09)
Number of Options, forfeited (in shares)		(180)	(21,070)
Weighted-average Exercise Price, forfeited (in dollars per share)		$ (20.09)	$ (20.58)
Number of Options, granted (in shares)			18,000
Weighted-average Exercise Price, Options granted (in dollars per share)			$ 27.12
Number of Options, outstanding (in shares)	256,417	271,757	268,657
Weighted-average Exercise Price, Outstanding (in dollars per share)	$ 19.91	$ 19.80	$ 20.23
Weighted-average Remaining Contractual Term, Outstanding (Year)	6 years 1 month 9 days
Aggregate Intrinsic Value, Outstanding	$ 1,865,697
Number of Options, Exercisable (in shares)	147,437
Weighted-average Exercise Price, Exercisable (in dollars per share)	$ 19.79
Weighted-average Remaining Contractual Term, Exercisable (Year)	5 years 6 months 29 days
Aggregate Intrinsic Value, Exercisable	$ 1,152,887

Note 6 - Stock Benefit Plans _2

Note 6 - Stock Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Non-vested restricted stock outstanding, shares (in shares)	7,838	6,235	6,235
Non-vested restricted stock outstanding, weighted average grant date fair value (in dollars per share)	$ 18.88	$ 19.64	$ 19.64
Non-vested restricted stock outstanding, grant date fair value	$ 149,000	$ 123,000	$ 123,000
Non-vested restricted stock granted (in shares)	7,786	4,081	4,081
Non-vested restricted stock issued, weighted average grant date fair value (in dollars per share)	$ 28.31		$ 18.04
Non-vested restricted stock granted, grant date fair value	$ 220,000		$ 74,000
Restricted stock shares vested (in shares)	(3,838)		(2,478)
Restricted stock shares vested, weighted average grant date fair value (in dollars per share)	$ (18.98)		$ (19.49)
Restricted stock vested, grant date fair value	$ (73,000)		$ (48,000)
Non-vested restricted stock outstanding, shares (in shares)	11,786		7,838
Non-vested restricted stock outstanding, weighted average grant date fair value (in dollars per share)	$ 25.08		$ 18.88
Non-vested restricted stock outstanding, grant date fair value	$ 296,000		$ 149,000

Note 7 - Federal Home Loan Ba_2

Note 7 - Federal Home Loan Bank Advances and Other Borrowings (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	$ 86,500,000
Federal Home Loan Bank Advances, Total	$ 0		$ 0
Revolving Credit Facility [Member] | Thomasville National Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 15,000,000
Debt Instrument, Term (Year)		5 years
Debt Instrument, Interest Rate, Stated Percentage	3.50%
Long-Term Line of Credit, Total	$ 3,975,000
Interest Expense, Debt, Total	$ 31,000

Note 8 - Derivative Financial_3

Note 8 - Derivative Financial Instruments - Schedule of Derivatives (Details) - Interest Rate Swap [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Stand-alone derivatives	$ 20,520	$ 20,606
Weighted-average pay rate - interest rate swaps	3.68%	3.69%
Weighted-average receive rate - interest rate swaps	3.25%	3.00%
Weighted-average maturity (in years) - interest rate swaps (Year)	13 years 3 months 18 days	13 years 7 months 6 days
Stand-alone derivatives - interest rate swaps (other assets)	$ 1,255	$ 630
Stand-alone derivatives - interest rate swaps (other liabilities)	$ (1,255)	$ (630)

Note 9 - Fair Value of Financia

Note 9 - Fair Value of Financial Instruments - Fair Values and Fair Value Measurement Method of Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt securities available for sale	$ 101,868	$ 73,763
Loans held for sale	11,241	11,768
Accrued interest receivable	1,649	1,505
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	233,789	233,473
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	101,868	73,763
Debt securities held to maturity	6,185
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	11,241	11,768
Loans Receivable, Fair Value Disclosure	479,526	490,198
Federal Home Loan Bank stock	463	366
Accrued interest receivable	1,649	1,505
Bank-owned life insurance	16,248	16,153
Derivative contract assets	1,255	630
Deposits	787,943	762,942
Other borrowings	3,975	3,575
Derivative contract liabilities	1,255	630
Off-Balance Sheet Items	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	233,789	233,473
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	101,868	73,763
Debt securities held to maturity	5,837
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	11,416	11,964
Loans Receivable, Fair Value Disclosure	476,850	495,209
Federal Home Loan Bank stock	463	366
Accrued interest receivable	1,649	1,505
Bank-owned life insurance	16,248	16,153
Derivative contract assets	1,255	630
Deposits	788,118	763,147
Other borrowings	3,975	3,575
Derivative contract liabilities	1,255	630
Off-Balance Sheet Items	$ 0	$ 0

Note 10 - Off-balance Sheet F_3

Note 10 - Off-balance Sheet Financial Instruments (Details Textual) - Standby Financial Letters of Credit [Member]	3 Months Ended
	Mar. 31, 2022USD ($)
Debt Instrument, Term (Year)	1 year
Debt Instrument, Collateral Amount	$ 484,000
Credit Availability Concentration Risk [Member] | Swap Liabilities [Member]
Concentration Risk, Percentage	10.00%

Note 10 - Off-balance Sheet F_4

Note 10 - Off-balance Sheet Financial Instruments - Summary of Off-balance Sheet Financial Instruments (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Commitments to Extend Credit [Member]
Contractual amounts with off-balance-sheet risk	$ 4,808
Construction Loans In Process [Member]
Contractual amounts with off-balance-sheet risk	55,714
Unused lines of Credit [Member]
Contractual amounts with off-balance-sheet risk	90,222
Standby Financial Letters of Credit [Member]
Contractual amounts with off-balance-sheet risk	2,883
Performance Standby Letters Of Credit [Member]
Contractual amounts with off-balance-sheet risk	0
Guaranteed Accounts [Member]
Contractual amounts with off-balance-sheet risk	$ 1,312