Prime Meridian Holding (PMHG) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 08, 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	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 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		3,164,491

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 8,152	$ 8,897
Federal funds sold	8,738	53,969
Interest-bearing deposits	59,127	170,607
Total cash and cash equivalents	76,017	233,473
Debt securities available for sale	131,668	73,763
Debt securities held to maturity (fair value of $10,180 in 2022)	11,794	0
Loans held for sale	8,911	11,768
Loans, net of allowance for loan losses of $6,861 and $5,974	565,877	490,198
Federal Home Loan Bank stock	463	366
Premises and equipment, net	8,169	7,962
Right of use operating lease asset	3,098	3,258
Accrued interest receivable	2,132	1,505
Bank-owned life insurance	16,438	16,153
Other assets	7,748	2,677
Total assets	832,315	841,123
Liabilities:
Noninterest-bearing demand deposits	216,533	209,351
Savings, NOW and money-market deposits	500,263	503,759
Time deposits	38,618	49,832
Total deposits	755,414	762,942
Other borrowings	4,125	3,575
Official checks	1,277	1,141
Operating lease liability	3,256	3,397
Other liabilities	4,339	3,037
Total liabilities	768,411	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, 3,162,975 and 3,129,046 issued and outstanding	31	31
Additional paid-in capital	39,597	38,909
Retained earnings	34,636	28,164
Accumulated other comprehensive loss	(10,360)	(73)
Total stockholders' equity	63,904	67,031
Total liabilities and stockholders' equity	$ 832,315	$ 841,123

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans receivable, allowance for loan losses	$ 6,861	$ 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)	3,162,975	3,129,046
Common stock, shares outstanding (in shares)	3,162,975	3,129,046

Condensed Consolidated Statemen

Condensed Consolidated Statements of Earnings (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans	$ 6,755	$ 5,819	$ 18,568	$ 17,256
Debt securities	878	283	2,000	794
Other	649	78	1,104	192
Total interest income	8,282	6,180	21,672	18,242
Interest expense:
Deposits	624	502	1,442	1,539
Other borrowings	56	25	127	32
Total interest expense	680	527	1,569	1,571
Net interest income	7,602	5,653	20,103	16,671
Provision (credit) for loan losses	241	0	601	(185)
Net interest income after provision (credit) for loan losses	7,361	5,653	19,502	16,856
Noninterest income:
Mortgage banking revenue, net	116	325	420	958
Income from bank-owned life insurance	96	73	285	203
Gain on sale of debt securities available for sale	0	0	0	108
Other income	61	46	177	125
Total noninterest income	483	613	1,505	1,905
Noninterest expense:
Salaries and employee benefits	2,367	2,028	6,765	5,685
Occupancy and equipment	413	380	1,217	1,144
Professional fees	124	103	400	353
Marketing	195	197	575	536
FDIC assessment	95	78	303	197
Software maintenance, amortization and other	310	237	837	738
Other	581	480	1,650	1,425
Total noninterest expense	4,085	3,503	11,747	10,078
Earnings before income taxes	3,759	2,763	9,260	8,683
Income taxes	928	664	2,221	2,088
Net earnings	$ 2,831	$ 2,099	$ 7,039	$ 6,595
Earnings per common share:
Basic (in dollars per share)	$ 0.90	$ 0.67	$ 2.23	$ 2.11
Diluted (in dollars per share)	0.89	0.67	2.21	2.10
Cash dividends per common share (in dollars per share)	$ 0	$ 0	$ 0.18	$ 0.14
Deposit Account [Member]
Noninterest income:
Revenue from customer	$ 78	$ 61	$ 219	$ 170
Debit Card [Member]
Noninterest income:
Revenue from customer	$ 132	$ 108	$ 404	$ 341

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive (loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net earnings	$ 2,831	$ 2,099	$ 7,039	$ 6,595
Unrealized loss arising during the period	(5,018)	(430)	(13,780)	(1,255)
Reclassification adjustment for realized gain	0	0	0	(108)
Net change in unrealized loss	(5,018)	(430)	(13,780)	(1,363)
Deferred income tax benefit on above change	1,272	109	3,493	346
Total other comprehensive loss	(3,746)	(321)	(10,287)	(1,017)
Comprehensive (loss) income	$ (915)	$ 1,778	$ (3,248)	$ 5,578

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 gain 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
Net earnings	0	0	2,234	0	2,234
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
Stock options exercised (unaudited) (in shares)	120
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, 2020	3,119,471
Balance at Dec. 31, 2020	$ 31	38,568	20,255	1,401	60,255
Net earnings (unaudited)					6,595
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)					(1,017)
Net earnings					6,595
Balance (in shares) at Sep. 30, 2021	3,127,730
Balance at Sep. 30, 2021	$ 31	38,822	26,412	384	65,649
Balance (in shares) at Mar. 31, 2021	3,124,794
Balance at Mar. 31, 2021	$ 31	38,649	22,051	398	61,129
Net earnings (unaudited)	0	0	2,262	0	2,262
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	307	307
Common stock issued as compensation to directors (unaudited) (in shares)	1,680
Common stock issued as compensation to directors (unaudited)	$ 0	33	0	0	33
Stock-based compensation (unaudited)	0	56	0	0	56
Net earnings	$ 0	0	2,262	0	2,262
Common stock issued as compensation to directors (unaudited) (in shares)	1,680
Common stock issued as compensation to directors (unaudited)	$ 0	33	0	0	33
Balance (in shares) at Jun. 30, 2021	3,126,474
Balance at Jun. 30, 2021	$ 31	38,738	24,313	705	63,787
Net earnings (unaudited)	0	0	2,099	0	2,099
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	(321)	(321)
Stock options exercised (unaudited) (in shares)	30
Stock options exercised (unaudited)	$ 0	1	0	0	1
Common stock issued as compensation to directors (unaudited) (in shares)	1,226
Common stock issued as compensation to directors (unaudited)	$ 0	26	0	0	26
Stock-based compensation (unaudited)	0	57	0	0	57
Net earnings	0	0	2,099	0	2,099
Stock options exercised (unaudited)	$ 0	1	0	0	1
Common stock issued as compensation to directors (unaudited) (in shares)	1,226
Common stock issued as compensation to directors (unaudited)	$ 0	26	0	0	26
Stock options exercised (unaudited) (in shares)	30
Balance (in shares) at Sep. 30, 2021	3,127,730
Balance at Sep. 30, 2021	$ 31	38,822	26,412	384	$ 65,649
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 gain 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
Net earnings	0	0	2,241	0	2,241
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
Stock options exercised (unaudited) (in shares)	12,240
Balance (in shares) at Mar. 31, 2022	3,150,261
Balance at Mar. 31, 2022	$ 31	39,223	29,838	(3,331)	$ 65,761
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)					7,039
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)					(10,287)
Net earnings					$ 7,039
Balance (in shares) at Sep. 30, 2022	3,162,975				3,162,975
Balance at Sep. 30, 2022	$ 31	39,597	34,636	(10,360)	$ 63,904
Balance (in shares) at Mar. 31, 2022	3,150,261
Balance at Mar. 31, 2022	$ 31	39,223	29,838	(3,331)	65,761
Net earnings (unaudited)	0	0	1,967	0	1,967
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	(3,283)	(3,283)
Stock options exercised (unaudited) (in shares)	4,000
Stock options exercised (unaudited)	$ 0	80	0	0	80
Common stock issued as compensation to directors (unaudited) (in shares)	1,047
Common stock issued as compensation to directors (unaudited)	$ 0	29	0	0	29
Stock-based compensation (unaudited)	0	75	0	0	75
Net earnings	0	0	1,967	0	1,967
Stock options exercised (unaudited)	$ 0	80	0	0	80
Common stock issued as compensation to directors (unaudited) (in shares)	1,047
Common stock issued as compensation to directors (unaudited)	$ 0	29	0	0	29
Stock options exercised (unaudited) (in shares)	4,000
Balance (in shares) at Jun. 30, 2022	3,155,308
Balance at Jun. 30, 2022	$ 31	39,407	31,805	(6,614)	64,629
Net earnings (unaudited)	0	0	2,831	0	2,831
Net change in unrealized gain on debt securities available for sale, net of income tax benefit (unaudited)	$ 0	0	0	(3,746)	(3,746)
Stock options exercised (unaudited) (in shares)	4,000
Stock options exercised (unaudited)	$ 0	80	0	0	80
Common stock issued as compensation to directors (unaudited) (in shares)	1,250
Common stock issued as compensation to directors (unaudited)	$ 0	32	0	0	32
Issuance of restricted stock (unaudited) (in shares)	2,417
Issuance of restricted stock (unaudited)	$ 0	0	0	0	0
Stock-based compensation (unaudited)	0	78	0	0	78
Net earnings	0	0	2,831	0	2,831
Stock options exercised (unaudited)	$ 0	80	0	0	80
Common stock issued as compensation to directors (unaudited) (in shares)	1,250
Common stock issued as compensation to directors (unaudited)	$ 0	32	0	0	$ 32
Stock options exercised (unaudited) (in shares)	4,000
Balance (in shares) at Sep. 30, 2022	3,162,975				3,162,975
Balance at Sep. 30, 2022	$ 31	$ 39,597	$ 34,636	$ (10,360)	$ 63,904

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net earnings	$ 7,039	$ 6,595
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	504	497
Provision (credit) for loan losses	601	(185)
Net accretion of deferred loan fees	(604)	(2,047)
Gain on sale of debt securities available for sale	0	(108)
Net amortization of premiums and discounts on debt securities	(3)	238
Gain on sale of loans held for sale	(420)	(958)
Proceeds from the sale of loans held for sale	71,336	155,371
Loans originated as held for sale	(68,059)	(151,796)
Stock issued as compensation to directors	92	81
Stock-based compensation expense	226	170
Income from bank-owned life insurance	(285)	(203)
Net (increase) decrease in accrued interest receivable	(627)	482
Net change in operating leases	19	19
Net increase in other assets	(1,578)	(282)
Net increase in other liabilities and official checks	1,438	1,099
Net cash provided by operating activities	9,679	8,973
Cash flows from investing activities:
Loan originations, net of principal repayments	(75,676)	2,380
Purchase of debt securities available for sale	(80,188)	(26,471)
Purchase of debt securities held to maturity	(12,677)	0
Principal repayments of debt securities available for sale	9,383	10,815
Proceeds from sale of debt securities available for sale	0	5,874
Maturities and calls of debt securities available for sale	6	3,044
(Purchase) repurchase of Federal Home Loan Bank stock	(97)	127
Purchase of bank owned life insurance	0	(1,197)
Purchase of premises and equipment	(711)	(267)
Net cash used in investing activities	(159,960)	(5,695)
Cash flows from financing activities:
Net (decrease) increase in deposits	(7,528)	137,749
Change in other borrowings	550	3,075
Proceeds from stock options exercised	370	3
Common stock dividends paid	(567)	(438)
Net cash (used in) provided by financing activities	(7,175)	140,389
Net (decrease) increase in cash and cash equivalents	(157,456)	143,667
Cash and cash equivalents at beginning of period	233,473	68,985
Cash and cash equivalents at end of period	76,017	212,652
Supplemental disclosure of cash flow information
Interest	1,559	1,578
Income taxes	2,641	1,738
Noncash transactions:
Accumulated other comprehensive loss, net change in unrealized loss on debt securities available for sale, net of income tax benefit	$ (10,287)	$ (1,017)

Note 1 - General

Note 1 - General	9 Months Ended
	Sep. 30, 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 of America (“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 nine September 30, 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 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued

Note 2 - Debt Securities

Note 2 - Debt Securities	9 Months Ended
	Sep. 30, 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. Our investments in U.S. agency mortgage-backed securities are with government-sponsored enterprises (GSEs) such as Federal National Mortgage Association, Government National Mortgage Association, Federal Home Loan Bank, and Federal Home Loan Mortgage Corporation. 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 48,034 $ - $ (2,215 ) $ 45,819 Municipal securities 22,356 - (3,000 ) 19,356 U.S. agency mortgage-backed securities 71,176 - (8,564 ) 62,612 Asset-backed securities 3,979 - (98 ) 3,881 Total $ 145,545 $ - $ (13,877 ) $ 131,668 Debt Securities Held to Maturity Municipal securities $ 9,205 $ - $ (1,529 ) $ 7,676 U.S. agency mortgage-backed securities 2,589 - (85 ) 2,504 Total $ 11,794 $ - $ (1,614 ) $ 10,180 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 U.S. agency 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 Nine Months Ended September 30, September 30, (in thousands) 2022 2021 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ (1,997 ) $ 45,068 $ (218 ) $ 751 Municipal securities (1,541 ) 13,261 (1,459 ) 6,095 U.S. agency mortgage-backed securities (4,781 ) 44,408 (3,783 ) 16,770 Asset-backed securities (60 ) 2,679 (38 ) 1,202 Total $ (8,379 ) $ 105,416 $ (5,498 ) $ 24,818 Debt Securities Held to Maturity Municipal securities $ (1,529 ) $ 7,676 $ - $ - U.S. agency mortgage-backed securities (85 ) 2,504 - - Total $ (1,614 ) $ 10,180 $ - $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government Agencies $ (14 ) $ 2,919 $ - $ - Municipal securities (240 ) 8,429 - - U.S. agency mortgage-backed securities (528 ) 28,207 - - Asset-backed securities - - (7 ) 1,430 Total $ (782 ) $ 39,555 $ (7 ) $ 1,430 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited) , Continued ( 2 Debt Securities Available for Sale , Continued The unrealized losses at September 30, 2022 December 31, 2021 7 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 45,819 $ - $ 45,819 $ - Municipal securities 19,356 - 19,356 - U.S. agency mortgage-backed securities 62,612 - 62,612 - Asset-backed securities 3,881 - 3,881 - Total $ 131,668 $ - $ 131,668 $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,919 $ - $ 2,919 $ - Municipal securities 17,769 - 17,769 - U.S. agency 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 September 30, 2022 Amortized Fair Cost Value (in thousands) Debt Securities Available for Sale Due in one to five years $ 49,249 $ 47,383 Due in five to ten years 17,824 15,110 Due after ten years 7,296 6,563 U.S. agency mortgage-backed securities 71,176 62,612 Total $ 145,545 $ 131,668 Debt Securities Held to Maturity Due in five to ten years $ 2,017 $ 1,927 Due after ten years 7,188 5,749 U.S. agency mortgage-backed securities 2,589 2,504 Total $ 11,794 $ 10,180 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited) , Continued

Note 3 - Loans

Note 3 - Loans	9 Months Ended
	Sep. 30, 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 September 30, 2022 At December 31, 2021 Real estate mortgage loans: Commercial $ 199,044 $ 156,306 Residential and home equity 218,909 183,536 Construction 70,815 71,164 Total real estate mortgage loans 488,768 411,006 Commercial loans 76,672 78,584 Consumer and other loans 7,199 7,283 Total loans 572,639 496,873 Add (deduct): Net deferred loan costs (fees) 99 (701 ) Allowance for loan losses (6,861 ) (5,974 ) Loans, net $ 565,877 $ 490,198 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 Loans, Continued An analysis of the change in allowance for loan losses, segregated by loan type, is as 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 September 30, 2022 Beginning balance $ 2,051 $ 2,430 $ 867 $ 1,143 $ 120 $ - $ 6,611 Provision (credit) for loan losses 227 110 4 (57 ) (43 ) - 241 Net recoveries (charge-offs) - - - - 9 - 9 Ending balance $ 2,278 $ 2,540 $ 871 $ 1,086 $ 86 $ - $ 6,861 Three Month Period Ended September 30, 2021 Beginning balance $ 1,532 $ 1,987 $ 538 $ 1,202 $ 79 $ 561 $ 5,899 Provision (credit) for loan losses 50 118 190 (16 ) 17 (359 ) - Net recoveries (charge-offs) - 6 - 0 (5 ) - 1 Ending balance $ 1,582 $ 2,111 $ 728 $ 1,186 $ 91 $ 202 $ 5,900 Nine Month Period Ended September 30, 2022 Beginning balance $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974 Provision (credit) for loan losses 516 401 14 (338 ) 8 - 601 Net recoveries (charge-offs) - - - 299 (13 ) - 286 Ending balance $ 2,278 $ 2,540 $ 871 $ 1,086 $ 86 $ - $ 6,861 Nine Month Period Ended September 30, 2021 Beginning balance $ 1,500 $ 1,827 $ 539 $ 1,592 $ 75 $ 559 $ 6,092 Provision (credit) for loan losses 82 294 189 (425 ) 32 (357 ) (185 ) Net (charge-offs) recoveries - (10 ) - 19 (16 ) - (7 ) Ending balance $ 1,582 $ 2,111 $ 728 $ 1,186 $ 91 $ 202 $ 5,900 At September 30, 2022 Individually evaluated for impairment: Recorded investment $ 277 $ 663 $ - $ 66 $ 2 $ - $ 1,008 Balance in allowance for loan losses $ - $ - $ - $ 14 $ - $ - $ 14 Collectively evaluated for impairment: Recorded investment $ 198,767 $ 218,246 $ 70,815 $ 76,606 $ 7,197 $ - $ 571,631 Balance in allowance for loan losses $ 2,278 $ 2,540 $ 871 $ 1,072 $ 86 $ - $ 6,847 At December 31, 2021 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ - $ - $ - 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 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 Loans, Continued The Company has divided the loan portfolio into three five Real Estate Mortgage Loans. three Commercial. three five may five may five Residential and Home Equity. first second one four may Construction. one two one ten not third may Commercial Loans. 2020 2021, not third five may not one 504 7A 504 7A may may (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 ) Loans, Continued 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 September 30, 2022 Grade: Pass $ 196,948 $ 216,068 $ 70,278 $ 76,200 $ 7,197 $ 566,691 Special mention 1,819 2,178 537 406 2 4,942 Substandard 277 663 - 66 - 1,006 Doubtful - - - - - - Loss - - - - - - Total $ 199,044 $ 218,909 $ 70,815 $ 76,672 $ 7,199 $ 572,639 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 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 Loans, Continued 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 September 30, 2022 Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 198,767 $ 277 $ 199,044 Residential and home equity 398 297 - 695 217,551 663 218,909 Construction - - - - 70,815 - 70,815 Commercial loans 329 - - 329 76,277 66 76,672 Consumer and other loans - - - - 7,199 - 7,199 Total $ 727 $ 297 $ - $ 1,024 $ 570,609 $ 1,006 $ 572,639 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 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 Loans, Continued The following table summarizes the amount of impaired loans at September 30, 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 September 30, 2022 Real estate mortgage loans: Commercial $ 277 $ 277 $ - $ - $ - $ 277 277 $ - Residential and home equity 663 663 - - - 663 663 - Commercial loans - - 66 66 14 66 66 14 Consumer and other loans 2 2 - - - 2 2 - Total $ 942 $ 942 $ 66 $ 66 $ 14 $ 1,008 $ 1,008 $ 14 At December 31, 2021 Consumer and other loans $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - Total $ 4 $ 4 $ - $ - $ - $ 4 $ 4 $ - The average net investment in impaired loans and interest income recognized and received on impaired loans are as follows: Three Months Ended September 30, 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: Commercial $ 281 $ - $ - $ - $ - $ - Residential and home equity 19 - - - - - Commercial loans 66 - - - - - Consumer 2 - - - - - Total $ 368 $ - $ - $ - $ - $ - Nine Months Ended September 30, 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: Commercial $ 97 $ - $ - $ - $ - $ - Residential and home equity 6 - - 436 - - Commercial loans 23 - - 233 - - Consumer 1 - - - - - Total $ 127 $ - $ - $ 669 $ - $ - (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 3 Loans, Continued 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 nine September 30, 2022 2021

Note 4 - Regulatory Capital

Note 4 - Regulatory Capital	9 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 2022 As of September 30, 2022 1 1 no For Capital Adequacy For Well Capitalized Actual Purposes Purposes (dollars in thousands) Amount Percentage Amount Percentage Amount Percentage As of September 30, 2022 Tier 1 Leverage Capital $ 78,221 9.07 % $ 34,510 4.00 % $ 43,137 5.00 % Common Equity Tier 1 Risk-based Capital 78,221 12.62 27,894 4.50 40,291 6.50 Tier 1 Risk-based Capital 78,221 12.62 37,192 6.00 49,589 8.00 Total Risk-based Capital 85,082 13.73 49,589 8.00 61,986 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 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued

Note 5 - Earnings Per Share

Note 5 - Earnings Per Share	9 Months Ended
	Sep. 30, 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 nine September 30, 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 September 30: Basic EPS: Net earnings $ 2,831 3,159,526 $ 0.90 $ 2,099 3,127,524 $ 0.67 Effect of dilutive securities-incremental shares from assumed conversion of stock options 37,756 17,493 Diluted EPS: Net earnings $ 2,831 3,197,282 $ 0.89 $ 2,099 3,145,017 $ 0.67 Nine Months Ending September 30: Basic EPS: Net earnings $ 7,039 3,151,689 $ 2.23 $ 6,595 3,125,777 $ 2.11 Effect of dilutive securities-incremental shares from assumed conversion of stock options 39,904 8,459 Diluted EPS: Net earnings $ 7,039 3,191,593 $ 2.21 $ 6,595 3,134,236 $ 2.10 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued

Note 6 - Stock Benefit Plans

Note 6 - Stock Benefit Plans	9 Months Ended
	Sep. 30, 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 September 30, 2022 2015 nine September 30, 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 granted 4,000 $ 22.64 Options exercised (150 ) (20.09 ) Options forfeited (15,250 ) 20.09 Outstanding at September 30, 2021 260,657 $ 19.83 Options granted 14,000 $ 28.40 Options forfeited (6,000 ) 21.83 Outstanding at December 31, 2021 268,657 $ 20.23 Options granted 3,500 $ 25.37 Options exercised (20,240 ) (18.35 ) Options forfeited (150 ) (20.09 ) Outstanding at September 30, 2022 251,767 $ 20.46 5.55 $ 1,555,000 Exercisable at September 30, 2022 182,887 $ 19.85 5.14 $ 1,222,000 The fair value of shares vested and recognized as compensation expense was $78,000 and $57,000 for the three September 30, 2022 2021 nine September 30, 2022 2021 , respectively. These amounts include expense recognized on restricted common stock shares of $33,000 and $19,000 for the three September 30, 2022 2021 nine September 30, 2022 2021 three September 30, 2022 2021 nine September 30, 2022 2021 September 30, 2022 2015 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 6 Stock Benefit Plans , Continued Restricted Stock During the nine September 30, 2022 2021 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 September 30, 2021 and December 31, 2021 7,838 $ 18.88 $ 149,000 Non-vested restricted stock granted in 2022 10,203 $ 27.85 $ 284,000 Restricted stock shares vested in 2022 (3,838 ) (18.98 ) (73,000 ) Non-vested restricted stock outstanding at September 30, 2022 14,203 $ 25.30 $ 360,000 During the nine September 30, 2022 2021 , the Company recognized $93,000 and $53,000 September 30, 2022 the Company had $275,000 in unrecognized expense to be recognized over a weighted-average period of 2.3 years. 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 September 30, 2022 2021 our directors received 1,250 and 1,226 shares of common stock, respectively, in lieu of cash fees calculated at 110% nine September 30, 2022 2021 110% September 30, 2022

Note 7 - Federal Home Loan Bank

Note 7 - Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	( 7 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 $88.6 million at September 30, 2022 September 30, 2022 December 31, 2021 no In 2020, September 30, 2022 September 30, 2022 December 31, 2021, three nine September 30, 2022 three nine September 30, 2021

Note 8 - Derivative Financial I

Note 8 - Derivative Financial Instruments	9 Months Ended
	Sep. 30, 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 September 30, 2022 At December 31, 2021 (dollars in thousands) Notional amount - interest rate swaps: Stand-alone derivatives $ 20,173 $ 20,606 Weighted-average pay rate - interest rate swaps 3.68 % 3.69 % Weighted-average receive rate - interest rate swaps 3.00 % 3.00 % Weighted-average maturity (in years) - interest rate swaps 12.8 13.6 Net realized fair value adjustments: Stand-alone derivatives - interest rate swaps (other assets) $ 2,385 $ 630 Stand-alone derivatives - interest rate swaps (other liabilities) $ (2,385 ) $ (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 PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued

Note 9- Fair Value of Financial

Note 9- Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 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 September 30, 2022 At December 31, 2021 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 76,017 $ 76,017 $ 233,473 $ 233,473 Debt securities available for sale 2 131,688 131,688 73,763 73,763 Debt securities held to maturity 2 11,794 10,180 - - Loans held for sale 3 8,911 9,054 11,768 11,964 Loans, net 3 565,877 538,085 490,198 495,209 Federal Home Loan Bank stock 3 463 463 366 366 Accrued interest receivable 3 2,132 2,132 1,505 1,505 Bank-owned life insurance 3 16,438 16,438 16,153 16,153 Derivative contract assets 3 2,385 2,385 630 630 Financial liabilities: Deposits 3 755,414 755,243 762,942 763,147 Other borrowings 3 4,125 4,125 3,575 3,575 Derivative contract liabilities 3 2,385 2,385 630 630 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	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Off-balance Sheet Financial Instruments [Text Block]	PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY Notes to Condensed Consolidated Financial Statements (unaudited), Continued ( 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 $703,000 September 30, 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 September 30, 2022 (in thousands) Commitments to extend credit $ 19,311 Construction loans in process $ 60,177 Unused lines of credit $ 79,993 Standby financial letters of credit $ 3,226 Guaranteed accounts $ 1,419 (continued) PRIME MERIDIAN HOLDING COMPANY AND SUBSIDIARY

Note 2 - Debt Securities (Table

Note 2 - Debt Securities (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 48,034 $ - $ (2,215 ) $ 45,819 Municipal securities 22,356 - (3,000 ) 19,356 U.S. agency mortgage-backed securities 71,176 - (8,564 ) 62,612 Asset-backed securities 3,979 - (98 ) 3,881 Total $ 145,545 $ - $ (13,877 ) $ 131,668 Debt Securities Held to Maturity Municipal securities $ 9,205 $ - $ (1,529 ) $ 7,676 U.S. agency mortgage-backed securities 2,589 - (85 ) 2,504 Total $ 11,794 $ - $ (1,614 ) $ 10,180 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 U.S. agency 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 Nine Months Ended September 30, September 30, (in thousands) 2022 2021 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ (1,997 ) $ 45,068 $ (218 ) $ 751 Municipal securities (1,541 ) 13,261 (1,459 ) 6,095 U.S. agency mortgage-backed securities (4,781 ) 44,408 (3,783 ) 16,770 Asset-backed securities (60 ) 2,679 (38 ) 1,202 Total $ (8,379 ) $ 105,416 $ (5,498 ) $ 24,818 Debt Securities Held to Maturity Municipal securities $ (1,529 ) $ 7,676 $ - $ - U.S. agency mortgage-backed securities (85 ) 2,504 - - Total $ (1,614 ) $ 10,180 $ - $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government Agencies $ (14 ) $ 2,919 $ - $ - Municipal securities (240 ) 8,429 - - U.S. agency 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 September 30, 2022 Debt Securities Available for Sale U.S. Government treasury and agency securities $ 45,819 $ - $ 45,819 $ - Municipal securities 19,356 - 19,356 - U.S. agency mortgage-backed securities 62,612 - 62,612 - Asset-backed securities 3,881 - 3,881 - Total $ 131,668 $ - $ 131,668 $ - At December 31, 2021 Debt Securities Available for Sale U.S. Government agency securities $ 2,919 $ - $ 2,919 $ - Municipal securities 17,769 - 17,769 - U.S. agency 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 September 30, 2022 Amortized Fair Cost Value (in thousands) Debt Securities Available for Sale Due in one to five years $ 49,249 $ 47,383 Due in five to ten years 17,824 15,110 Due after ten years 7,296 6,563 U.S. agency mortgage-backed securities 71,176 62,612 Total $ 145,545 $ 131,668 Debt Securities Held to Maturity Due in five to ten years $ 2,017 $ 1,927 Due after ten years 7,188 5,749 U.S. agency mortgage-backed securities 2,589 2,504 Total $ 11,794 $ 10,180

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Portfolio of Loans [Table Text Block]	(in thousands) At September 30, 2022 At December 31, 2021 Real estate mortgage loans: Commercial $ 199,044 $ 156,306 Residential and home equity 218,909 183,536 Construction 70,815 71,164 Total real estate mortgage loans 488,768 411,006 Commercial loans 76,672 78,584 Consumer and other loans 7,199 7,283 Total loans 572,639 496,873 Add (deduct): Net deferred loan costs (fees) 99 (701 ) Allowance for loan losses (6,861 ) (5,974 ) Loans, net $ 565,877 $ 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 September 30, 2022 Beginning balance $ 2,051 $ 2,430 $ 867 $ 1,143 $ 120 $ - $ 6,611 Provision (credit) for loan losses 227 110 4 (57 ) (43 ) - 241 Net recoveries (charge-offs) - - - - 9 - 9 Ending balance $ 2,278 $ 2,540 $ 871 $ 1,086 $ 86 $ - $ 6,861 Three Month Period Ended September 30, 2021 Beginning balance $ 1,532 $ 1,987 $ 538 $ 1,202 $ 79 $ 561 $ 5,899 Provision (credit) for loan losses 50 118 190 (16 ) 17 (359 ) - Net recoveries (charge-offs) - 6 - 0 (5 ) - 1 Ending balance $ 1,582 $ 2,111 $ 728 $ 1,186 $ 91 $ 202 $ 5,900 Nine Month Period Ended September 30, 2022 Beginning balance $ 1,762 $ 2,139 $ 857 $ 1,125 $ 91 $ - $ 5,974 Provision (credit) for loan losses 516 401 14 (338 ) 8 - 601 Net recoveries (charge-offs) - - - 299 (13 ) - 286 Ending balance $ 2,278 $ 2,540 $ 871 $ 1,086 $ 86 $ - $ 6,861 Nine Month Period Ended September 30, 2021 Beginning balance $ 1,500 $ 1,827 $ 539 $ 1,592 $ 75 $ 559 $ 6,092 Provision (credit) for loan losses 82 294 189 (425 ) 32 (357 ) (185 ) Net (charge-offs) recoveries - (10 ) - 19 (16 ) - (7 ) Ending balance $ 1,582 $ 2,111 $ 728 $ 1,186 $ 91 $ 202 $ 5,900 At September 30, 2022 Individually evaluated for impairment: Recorded investment $ 277 $ 663 $ - $ 66 $ 2 $ - $ 1,008 Balance in allowance for loan losses $ - $ - $ - $ 14 $ - $ - $ 14 Collectively evaluated for impairment: Recorded investment $ 198,767 $ 218,246 $ 70,815 $ 76,606 $ 7,197 $ - $ 571,631 Balance in allowance for loan losses $ 2,278 $ 2,540 $ 871 $ 1,072 $ 86 $ - $ 6,847 At December 31, 2021 Individually evaluated for impairment: Recorded investment $ - $ - $ - $ - $ - $ - $ - 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 September 30, 2022 Grade: Pass $ 196,948 $ 216,068 $ 70,278 $ 76,200 $ 7,197 $ 566,691 Special mention 1,819 2,178 537 406 2 4,942 Substandard 277 663 - 66 - 1,006 Doubtful - - - - - - Loss - - - - - - Total $ 199,044 $ 218,909 $ 70,815 $ 76,672 $ 7,199 $ 572,639 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 September 30, 2022 Real estate mortgage loans: Commercial $ - $ - $ - $ - $ 198,767 $ 277 $ 199,044 Residential and home equity 398 297 - 695 217,551 663 218,909 Construction - - - - 70,815 - 70,815 Commercial loans 329 - - 329 76,277 66 76,672 Consumer and other loans - - - - 7,199 - 7,199 Total $ 727 $ 297 $ - $ 1,024 $ 570,609 $ 1,006 $ 572,639 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 September 30, 2022 Real estate mortgage loans: Commercial $ 277 $ 277 $ - $ - $ - $ 277 277 $ - Residential and home equity 663 663 - - - 663 663 - Commercial loans - - 66 66 14 66 66 14 Consumer and other loans 2 2 - - - 2 2 - Total $ 942 $ 942 $ 66 $ 66 $ 14 $ 1,008 $ 1,008 $ 14 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 September 30, 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: Commercial $ 281 $ - $ - $ - $ - $ - Residential and home equity 19 - - - - - Commercial loans 66 - - - - - Consumer 2 - - - - - Total $ 368 $ - $ - $ - $ - $ - Nine Months Ended September 30, 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: Commercial $ 97 $ - $ - $ - $ - $ - Residential and home equity 6 - - 436 - - Commercial loans 23 - - 233 - - Consumer 1 - - - - - Total $ 127 $ - $ - $ 669 $ - $ -

Note 4 - Regulatory Capital (Ta

Note 4 - Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2022 Tier 1 Leverage Capital $ 78,221 9.07 % $ 34,510 4.00 % $ 43,137 5.00 % Common Equity Tier 1 Risk-based Capital 78,221 12.62 27,894 4.50 40,291 6.50 Tier 1 Risk-based Capital 78,221 12.62 37,192 6.00 49,589 8.00 Total Risk-based Capital 85,082 13.73 49,589 8.00 61,986 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)	9 Months Ended
	Sep. 30, 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 September 30: Basic EPS: Net earnings $ 2,831 3,159,526 $ 0.90 $ 2,099 3,127,524 $ 0.67 Effect of dilutive securities-incremental shares from assumed conversion of stock options 37,756 17,493 Diluted EPS: Net earnings $ 2,831 3,197,282 $ 0.89 $ 2,099 3,145,017 $ 0.67 Nine Months Ending September 30: Basic EPS: Net earnings $ 7,039 3,151,689 $ 2.23 $ 6,595 3,125,777 $ 2.11 Effect of dilutive securities-incremental shares from assumed conversion of stock options 39,904 8,459 Diluted EPS: Net earnings $ 7,039 3,191,593 $ 2.21 $ 6,595 3,134,236 $ 2.10

Note 6 - Stock Benefit Plans (T

Note 6 - Stock Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2021 and December 31, 2021 7,838 $ 18.88 $ 149,000 Non-vested restricted stock granted in 2022 10,203 $ 27.85 $ 284,000 Restricted stock shares vested in 2022 (3,838 ) (18.98 ) (73,000 ) Non-vested restricted stock outstanding at September 30, 2022 14,203 $ 25.30 $ 360,000
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 granted 4,000 $ 22.64 Options exercised (150 ) (20.09 ) Options forfeited (15,250 ) 20.09 Outstanding at September 30, 2021 260,657 $ 19.83 Options granted 14,000 $ 28.40 Options forfeited (6,000 ) 21.83 Outstanding at December 31, 2021 268,657 $ 20.23 Options granted 3,500 $ 25.37 Options exercised (20,240 ) (18.35 ) Options forfeited (150 ) (20.09 ) Outstanding at September 30, 2022 251,767 $ 20.46 5.55 $ 1,555,000 Exercisable at September 30, 2022 182,887 $ 19.85 5.14 $ 1,222,000

Note 8 - Derivative Financial_2

Note 8 - Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	At September 30, 2022 At December 31, 2021 (dollars in thousands) Notional amount - interest rate swaps: Stand-alone derivatives $ 20,173 $ 20,606 Weighted-average pay rate - interest rate swaps 3.68 % 3.69 % Weighted-average receive rate - interest rate swaps 3.00 % 3.00 % Weighted-average maturity (in years) - interest rate swaps 12.8 13.6 Net realized fair value adjustments: Stand-alone derivatives - interest rate swaps (other assets) $ 2,385 $ 630 Stand-alone derivatives - interest rate swaps (other liabilities) $ (2,385 ) $ (630 )

Note 9- Fair Value of Financi_2

Note 9- Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	At September 30, 2022 At December 31, 2021 Carrying Fair Carrying Fair (in thousands) Level Amount Value Amount Value Financial assets: Cash and cash equivalents 1 $ 76,017 $ 76,017 $ 233,473 $ 233,473 Debt securities available for sale 2 131,688 131,688 73,763 73,763 Debt securities held to maturity 2 11,794 10,180 - - Loans held for sale 3 8,911 9,054 11,768 11,964 Loans, net 3 565,877 538,085 490,198 495,209 Federal Home Loan Bank stock 3 463 463 366 366 Accrued interest receivable 3 2,132 2,132 1,505 1,505 Bank-owned life insurance 3 16,438 16,438 16,153 16,153 Derivative contract assets 3 2,385 2,385 630 630 Financial liabilities: Deposits 3 755,414 755,243 762,942 763,147 Other borrowings 3 4,125 4,125 3,575 3,575 Derivative contract liabilities 3 2,385 2,385 630 630 Off-Balance Sheet Items 3 - - - -

Note 10 - Off-balance Sheet F_2

Note 10 - Off-balance Sheet Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	At September 30, 2022 (in thousands) Commitments to extend credit $ 19,311 Construction loans in process $ 60,177 Unused lines of credit $ 79,993 Standby financial letters of credit $ 3,226 Guaranteed accounts $ 1,419

Note 1 - General (Details Textu

Note 1 - General (Details Textual)	9 Months Ended
	Sep. 30, 2022
Subsidiary, Ownership Percentage By Parent	100%
Number of Banking Offices	4

Note 2 - Debt Securities (Detai

Note 2 - Debt Securities (Details Textual)	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	105	7

Note 2 - Debt Securities - Summ

Note 2 - Debt Securities - Summary of Carrying Amount and Fair Values of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost, AFS	$ 145,545	$ 73,860
Gross Unrealized Gains, available for sale	0	692
Gross Unrealized Losses, available for sale	(13,877)	(789)
Debt securities available for sale	131,668	73,763
Amortized Cost, held to maturity	11,794
Gross Unrealized Gains, held to maturity	0
Gross Unrealized Losses, held to maturity	(1,614)
Fair Value, held to maturity	10,180
US Treasury and Government [Member]
Amortized Cost, AFS	48,034
Gross Unrealized Gains, available for sale	0
Gross Unrealized Losses, available for sale	(2,215)
Debt securities available for sale	45,819
US States and Political Subdivisions Debt Securities [Member]
Amortized Cost, AFS	22,356	17,721
Gross Unrealized Gains, available for sale	0	288
Gross Unrealized Losses, available for sale	(3,000)	(240)
Debt securities available for sale	19,356	17,769
Amortized Cost, held to maturity	9,205
Gross Unrealized Gains, held to maturity	0
Gross Unrealized Losses, held to maturity	(1,529)
Fair Value, held to maturity	7,676
Collateralized Mortgage-Backed Securities [Member]
Amortized Cost, AFS	71,176	48,614
Gross Unrealized Gains, available for sale	0	379
Gross Unrealized Losses, available for sale	(8,564)	(528)
Debt securities available for sale	62,612	48,465
Amortized Cost, held to maturity	2,589
Gross Unrealized Gains, held to maturity	0
Gross Unrealized Losses, held to maturity	(85)
Fair Value, held to maturity	2,504
Asset-Backed Securities [Member]
Amortized Cost, AFS	3,979	4,592
Gross Unrealized Gains, available for sale	0	25
Gross Unrealized Losses, available for sale	(98)	(7)
Debt securities available for sale	$ 3,881	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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Proceeds from sale of debt securities available for sale	$ 0	$ 0	$ 0	$ 5,874
Gross gains	0	0	0	108
Gross losses	0	0	0	0
Net gain on sale of debt securities	$ 0	$ 0	$ 0	$ 108

Note 2 - Debt Securities - Su_3

Note 2 - Debt Securities - Summary of Securities in Continuous Unrealized Loss Position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Gross Unrealized Losses, Less Than Twelve Months, AFS	$ (8,379)	$ (782)
Fair Value, Less Than Twelve Months, AFS	105,416	39,555
Gross Unrealized Losses, Over Twelve Months, AFS	(5,498)	(7)
Fair Value, Over Twelve Months, AFS	24,818	1,430
Gross Unrealized Losses, Less Than Twelve Months, Held-to-maturity	(1,614)
Fair Value, Less Than Twelve Months, held-to-maturity	10,180
Gross Unrealized Losses, Over Twelve Months, held-to-maturity	0
Fair Value, Over Twelve Months, Held-to-maturity	0
US Treasury and Government [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(1,997)
Fair Value, Less Than Twelve Months, AFS	45,068
Gross Unrealized Losses, Over Twelve Months, AFS	(218)
Fair Value, Over Twelve Months, AFS	751
US States and Political Subdivisions Debt Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(1,541)	(240)
Fair Value, Less Than Twelve Months, AFS	13,261	8,429
Gross Unrealized Losses, Over Twelve Months, AFS	(1,459)	0
Fair Value, Over Twelve Months, AFS	6,095	0
Gross Unrealized Losses, Less Than Twelve Months, Held-to-maturity	(1,529)
Fair Value, Less Than Twelve Months, held-to-maturity	7,676
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	(4,781)	(528)
Fair Value, Less Than Twelve Months, AFS	44,408	28,207
Gross Unrealized Losses, Over Twelve Months, AFS	(3,783)	0
Fair Value, Over Twelve Months, AFS	16,770	0
Gross Unrealized Losses, Less Than Twelve Months, Held-to-maturity	(85)
Fair Value, Less Than Twelve Months, held-to-maturity	2,504
Gross Unrealized Losses, Over Twelve Months, held-to-maturity	0
Fair Value, Over Twelve Months, Held-to-maturity	0
Asset-Backed Securities [Member]
Gross Unrealized Losses, Less Than Twelve Months, AFS	(60)	0
Fair Value, Less Than Twelve Months, AFS	2,679	0
Gross Unrealized Losses, Over Twelve Months, AFS	(38)	(7)
Fair Value, Over Twelve Months, AFS	$ 1,202	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	Sep. 30, 2022	Dec. 31, 2021
Debt securities available for sale	$ 131,668	$ 73,763
Municipal securities	10,180
US Treasury and Government [Member]
Debt securities available for sale	45,819
US States and Political Subdivisions Debt Securities [Member]
Debt securities available for sale	19,356	17,769
Municipal securities	7,676
Collateralized Mortgage-Backed Securities [Member]
Debt securities available for sale	62,612	48,465
Municipal securities	2,504
Asset-Backed Securities [Member]
Debt securities available for sale	3,881	4,610
US Government Agencies Debt Securities [Member]
Debt securities available for sale		2,919
Fair Value, Recurring [Member]
Debt securities available for sale	131,668	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	131,668	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	45,819
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	45,819
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	19,356
Municipal securities	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
Municipal securities	0
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	19,356
Municipal securities	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
Municipal securities	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member]
Debt securities available for sale	62,612
Municipal securities	48,465
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Debt securities available for sale	0
Municipal securities	0
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	62,612
Municipal securities	48,465
Fair Value, Recurring [Member] | Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Debt securities available for sale	0
Municipal securities	0
Fair Value, Recurring [Member] | Asset-Backed Securities [Member]
Debt securities available for sale	3,881	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	3,881	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	Sep. 30, 2022	Dec. 31, 2021
Due in one to five years, amortized cost	$ 49,249
Due in one to five years, fair value	47,383
Due in five to ten years, amortized cost	17,824
Due in five to ten years, fair value	15,110
Due after ten years, amortized cost	7,296
Due after ten years, fair value	6,563
Mortgage-backed securities, amortized cost	71,176
U.S. agency mortgage-backed securities, fair value	62,612
Total, amortized cost, AFS	145,545	$ 73,860
Total, fair value, AFS	131,668	73,763
Due in five to ten years, held-to-maturity	2,017
Due in five to ten years, fair value, held-to-maturity	1,927
Due after ten years, held-to-maturity	7,188
Due after ten years, fair value, held-to-maturity	5,749
U.S. agency mortgage-backed securities, amortized cost	2,589
U.S. agency mortgage-backed securities	2,504
Debt securities held to maturity (fair value of $10,180 in 2022)	11,794	$ 0
Total, fair value, HTM	$ 10,180

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022 USD ($)	Sep. 30, 2021
Number of Portfolio Classes	5		5
Impairment Valuation Loan Limit			$ 1
Financing Receivable, Modifications, Number of Contracts	0	0	0	0
Minimum [Member] | Loans Receivable [Member]
Loan Maturity Period (Year)			1 year
Maximum [Member] | Loans Receivable [Member]
Loan Maturity Period (Year)			10 years
Real Estate Mortgage Loans [Member]
Number of Portfolio Classes	3		3
Commercial Real Estate Portfolio Segment [Member]
Period of Fixed Interest Rate (Year)			5 years
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]
Loan Maturity Period (Year)			3 years
Commercial Real Estate Portfolio Segment [Member] | Maximum [Member]
Loan Maturity Period (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] | Maximum [Member] | Equipment Loans [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	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Total loans	$ 572,639		$ 496,873
Net deferred loan costs (fees)	99		(701)
Allowance for loan losses	(6,861)	$ (6,611)	(5,974)	$ (5,900)	$ (5,899)	$ (6,092)
Loans, net	565,877		490,198
Mortgage Receivable [Member]
Total loans	488,768		411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Total loans	199,044		156,306
Allowance for loan losses	(2,278)	(2,051)	(1,762)	(1,582)	(1,532)	(1,500)
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Total loans	218,909		183,536
Allowance for loan losses	(2,540)	(2,430)	(2,139)	(2,111)	(1,987)	(1,827)
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Total loans	70,815		71,164
Allowance for loan losses	(871)	(867)	(857)	(728)	(538)	(539)
Loans and Finance Receivables [Member]
Total loans			496,873
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Total loans	76,672		78,584
Allowance for loan losses	(1,086)	(1,143)	(1,125)	(1,186)	(1,202)	(1,592)
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Total loans	7,199		7,283
Allowance for loan losses	$ (86)	$ (120)	$ (91)	$ (91)	$ (79)	$ (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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Beginning balance	$ 6,611	$ 5,899	$ 5,974	$ 6,092
Provision (credit) for loan losses	241	0	601	(185)
Net recoveries (charge-offs)	9	1	286	(7)
Ending balance	6,861	5,900	6,861	5,900
Recorded investment, individually evaluated for impairment	1,008		1,008		$ 0
Balance in allowance for loan losses, individually evaluated for impairment	14		14		0
Recorded investment, collectively evaluated for impairment	571,631		571,631		496,873
Balance in allowance for loan losses, collectively evaluated for impairment	6,847		6,847		5,974
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Beginning balance	2,051	1,532	1,762	1,500
Provision (credit) for loan losses	227	50	516	82
Net recoveries (charge-offs)	0	0	0	0
Ending balance	2,278	1,582	2,278	1,582
Recorded investment, individually evaluated for impairment	277		277		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0		0
Recorded investment, collectively evaluated for impairment	198,767		198,767		156,306
Balance in allowance for loan losses, collectively evaluated for impairment	2,278		2,278		1,762
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Beginning balance	2,430	1,987	2,139	1,827
Provision (credit) for loan losses	110	118	401	294
Net recoveries (charge-offs)	0	6	0	(10)
Ending balance	2,540	2,111	2,540	2,111
Recorded investment, individually evaluated for impairment	663		663		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0		0
Recorded investment, collectively evaluated for impairment	218,246		218,246		183,536
Balance in allowance for loan losses, collectively evaluated for impairment	2,540		2,540		2,139
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Beginning balance	867	538	857	539
Provision (credit) for loan losses	4	190	14	189
Net recoveries (charge-offs)	0	0	0	0
Ending balance	871	728	871	728
Recorded investment, individually evaluated for impairment	0		0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0		0
Recorded investment, collectively evaluated for impairment	70,815		70,815		71,164
Balance in allowance for loan losses, collectively evaluated for impairment	871		871		857
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Beginning balance	1,143	1,202	1,125	1,592
Provision (credit) for loan losses	(57)	(16)	(338)	(425)
Net recoveries (charge-offs)	0	0	299	19
Ending balance	1,086	1,186	1,086	1,186
Recorded investment, individually evaluated for impairment	66		66		0
Balance in allowance for loan losses, individually evaluated for impairment	14		14		0
Recorded investment, collectively evaluated for impairment	76,606		76,606		78,584
Balance in allowance for loan losses, collectively evaluated for impairment	1,072		1,072		1,125
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Beginning balance	120	79	91	75
Provision (credit) for loan losses	(43)	17	8	32
Net recoveries (charge-offs)	9	(5)	(13)	(16)
Ending balance	86	91	86	91
Recorded investment, individually evaluated for impairment	2		2		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0		0
Recorded investment, collectively evaluated for impairment	7,197		7,197		7,283
Balance in allowance for loan losses, collectively evaluated for impairment	86		86		91
Loans and Finance Receivables [Member] | Unallocated Financing Receivables [Member]
Beginning balance	0	561	0	559
Provision (credit) for loan losses	0	(359)	0	(357)
Net recoveries (charge-offs)	0	0	0	0
Ending balance	0	$ 202	0	$ 202
Recorded investment, individually evaluated for impairment	0		0		0
Balance in allowance for loan losses, individually evaluated for impairment	0		0		0
Recorded investment, collectively evaluated for impairment	0		0		0
Balance in allowance for loan losses, collectively evaluated for impairment	$ 0		$ 0		$ 0

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loan Credit Quality (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Loans by credit quality	$ 572,639	$ 496,873
Pass [Member]
Loans by credit quality	566,691	491,920
Special Mention [Member]
Loans by credit quality	4,942	4,949
Substandard [Member]
Loans by credit quality	1,006	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	488,768	411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans by credit quality	199,044	156,306
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	196,948	153,404
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	1,819	2,902
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	277	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	218,909	183,536
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	216,068	181,770
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2,178	1,766
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	663	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	70,815	71,164
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Pass [Member]
Loans by credit quality	70,278	71,051
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Special Mention [Member]
Loans by credit quality	537	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	76,672	78,584
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	76,200	78,462
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	406	118
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Loans by credit quality	66	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	7,199	7,283
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Pass [Member]
Loans by credit quality	7,197	7,233
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Loans by credit quality	2	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	Sep. 30, 2022	Dec. 31, 2021
Loans by credit quality	$ 572,639	$ 496,873
Nonaccrual Loans	1,006
Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	727
Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	297
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	1,024
Financial Asset, Not Past Due [Member]
Loans by credit quality	570,609
Mortgage Receivable [Member]
Loans by credit quality	488,768	411,006
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans by credit quality	199,044	156,306
Nonaccrual Loans	277	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	0	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	0	0
Mortgage Receivable [Member] | Commercial Real Estate Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	198,767	156,306
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Loans by credit quality	218,909	183,536
Nonaccrual Loans	663	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	398	710
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans by credit quality	297	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	695	710
Mortgage Receivable [Member] | Residential Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	217,551	182,826
Mortgage Receivable [Member] | Real Estate Construction Loan [Member]
Loans by credit quality	70,815	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	0	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	0	0
Mortgage Receivable [Member] | Real Estate Construction Loan [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	70,815	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	76,672	78,584
Nonaccrual Loans	66	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans by credit quality	329	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	329	411
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	76,277	78,173
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Loans by credit quality	7,199	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	0	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	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member] | Financial Asset, Not Past Due [Member]
Loans by credit quality	$ 7,199	$ 7,283

Note 3 - Loans - Summary of Imp

Note 3 - Loans - Summary of Impaired Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
With No Related Allowance Recorded, Recorded Investment	$ 942	$ 4
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	942	4
With an Allowance Recorded, Recorded Investment	66	0
With an Allowance Recorded, Unpaid Contractual Principal Balance	66	0
Related Allowance	14	0
Total Recorded Investment	1,008	4
Total Unpaid Contractual Principal Balance	1,008	4
Loans and Finance Receivables [Member] | Commercial Real Estate Portfolio Segment [Member]
With No Related Allowance Recorded, Recorded Investment	277
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	277
With an Allowance Recorded, Recorded Investment	0
With an Allowance Recorded, Unpaid Contractual Principal Balance	0
Related Allowance	0
Total Recorded Investment	277
Total Unpaid Contractual Principal Balance	277
Loans and Finance Receivables [Member] | Residential Portfolio Segment [Member]
With No Related Allowance Recorded, Recorded Investment	663
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	663
With an Allowance Recorded, Recorded Investment	0
With an Allowance Recorded, Unpaid Contractual Principal Balance	0
Related Allowance	0
Total Recorded Investment	663
Total Unpaid Contractual Principal Balance	663
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
With No Related Allowance Recorded, Recorded Investment	0
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	0
With an Allowance Recorded, Recorded Investment	66
With an Allowance Recorded, Unpaid Contractual Principal Balance	66
Related Allowance	14
Total Recorded Investment	66
Total Unpaid Contractual Principal Balance	66
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
With No Related Allowance Recorded, Recorded Investment	2	4
With No Related Allowance Recorded, Unpaid Contractual Principal Balance	2	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	2	4
Total Unpaid Contractual Principal Balance	$ 2	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Average recorded investment	$ 368	$ 0	$ 127	$ 669
Interest income recognized	0	0	0	0
Interest income received	0	0	0	0
Mortgage Receivable [Member] | Commercial Portfolio Segment [Member]
Average recorded investment	281	0	97	0
Interest income recognized	0	0	0	0
Interest income received	0	0	0	0
Mortgage Receivable [Member] | Residential Portfolio Segment [Member]
Average recorded investment	19	0	6	436
Interest income recognized	0	0	0	0
Interest income received	0	0	0	0
Loans and Finance Receivables [Member] | Commercial Portfolio Segment [Member]
Average recorded investment	66	0	23	233
Interest income recognized	0	0	0	0
Interest income received	0	0	0	0
Loans and Finance Receivables [Member] | Consumer Portfolio Segment [Member]
Average recorded investment	2	0	1	0
Interest income recognized	0	0	0	0
Interest income received	$ 0	$ 0	$ 0	$ 0

Note 4 - Regulatory Capital - S

Note 4 - Regulatory Capital - Summary of Regulatory Capital Requirements and Bank's Capital Position (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Tier 1 Leverage Capital, actual amount	$ 78,221	$ 70,548
Tier 1 Leverage Capital, actual percentage	0.0907	0.0853
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Amount	$ 34,510	$ 33,071
Tier 1 Leverage Capital, For Capital Adequacy Purposes, Percentage	0.0400	0.0400
Tier 1 Leverage Capital, For Well Capitalized Purposes, Amount	$ 43,137	$ 41,338
Tier 1 Leverage Capital, For Well Capitalized Purposes, Percentage	0.0500	0.0500
Common Equity Tier 1 Risk-based Capital, actual amount	$ 78,221	$ 70,548
Common Equity Tier 1 Risk-based Capital, actual percentage	0.1262	0.1345
Common Equity Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 27,894	$ 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	$ 40,291	$ 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	$ 78,221	$ 70,548
Tier 1 Risk-based Capital, actual percentage	0.1262	0.1345
Tier 1 Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 37,192	$ 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	$ 49,589	$ 41,948
Tier 1 Risk-based Capital, For Well Capitalized Purposes, Percentage	0.0800	0.0800
Total Risk-based Capital, actual amount	$ 85,082	$ 76,522
Total Risk-based Capital, actual percentage	0.1373	0.1459
Total Risk-based Capital, For Capital Adequacy Purposes, Amount	$ 49,589	$ 41,948
Total Risk-based Capital, For Well Capitalized Purposes, Amount	$ 61,986	$ 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		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net earnings, basic	$ 2,831	$ 2,099	$ 7,039	$ 6,595
Weighted-average Shares, basic (in shares)	3,159,526	3,127,524	3,151,689	3,125,777
Net earnings, per share amount, basic (in dollars per share)	$ 0.90	$ 0.67	$ 2.23	$ 2.11
Effect of dilutive securities-incremental shares from assumed conversion of stock options (in shares)	37,756	17,493	39,904	8,459
Net earnings, diluted	$ 2,831	$ 2,099	$ 7,039	$ 6,595
Weighted-average Shares, diluted (in shares)	3,197,282	3,145,017	3,191,593	3,134,236
Net earnings, per share amount, diluted (in dollars per share)	$ 0.89	$ 0.67	$ 2.21	$ 2.10

Note 6 - Stock Benefit Plans (D

Note 6 - Stock Benefit Plans (Details Textual) - USD ($)		3 Months Ended			9 Months Ended		12 Months Ended
	May 20, 2015	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Share-Based Payment Arrangement, Expense					$ 226,000
Share-Based Payment Arrangement, Expense, Tax Benefit						$ 15,000
Restricted Stock [Member]
Share-Based Payment Arrangement, Expense					93,000	$ 53,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 275,000			$ 275,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					2 years 3 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)					10,203	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)		180,570			180,570
Share-Based Payment Arrangement, Expense		$ 78,000		$ 57,000		$ 170,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)			14,000		3,500	4,000
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%
Share-Based Payment Arrangement, Expense, Tax Benefit		5,000		5,000	$ 14,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		226,000			$ 226,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					2 years 10 months 17 days
The 2015 Stock Incentive Compensation Plan [Member] | Restricted Stock [Member]
Share-Based Payment Arrangement, Expense, Tax Benefit		$ 33,000		19,000	$ 93,000	$ 53,000
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)		74,805			74,805
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)		37,878			37,878
Share-Based Payment Arrangement, Expense		$ 32,000		$ 26,000	$ 92,000	$ 81,000
Stock Consideration on Percentage of Common Stock Received Upon Cash Fees		110%			110%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)		1,250		1,226	3,486	4,028

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
	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Number of Options, Outstanding, beginning balance (in shares)	260,657	268,657	272,057
Weighted-average Exercise Price, Outstanding, beginning balance (in dollars per share)	$ 19.83	$ 20.23	$ 19.80
Number of Options, granted (in shares)	14,000	3,500	4,000
Weighted-average Exercise Price, Options granted (in dollars per share)	$ 28.40	$ 25.37	$ 22.64
Number of Options, exercised (in shares)		(20,240)	(150)
Weighted-average Exercise Price, exercised (in dollars per share)		$ (18.35)	$ (20.09)
Number of Options, forfeited (in shares)	(6,000)	(150)	(15,250)
Weighted-average Exercise Price, forfeited (in dollars per share)	$ 21.83	$ 20.09	$ 20.09
Weighted-average Exercise Price, forfeited (in dollars per share)	$ (21.83)	$ (20.09)	$ (20.09)
Number of Options, outstanding (in shares)	268,657	251,767	260,657
Weighted-average Exercise Price, Outstanding (in dollars per share)	$ 20.23	$ 20.46	$ 19.83
Weighted-average Remaining Contractual Term, Outstanding (Year)		5 years 6 months 18 days
Aggregate Intrinsic Value, Outstanding		$ 1,555,000
Number of Options, Exercisable (in shares)		182,887
Weighted-average Exercise Price, Exercisable (in dollars per share)		$ 19.85
Weighted-average Remaining Contractual Term, Exercisable (Year)		5 years 1 month 20 days
Aggregate Intrinsic Value, Exercisable		$ 1,222,000

Note 6 - Stock Benefit Plans _2

Note 6 - Stock Benefit Plans - Restricted Stock Activity (Details) - Restricted Stock [Member] - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 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)	10,203	4,081	4,081
Non-vested restricted stock issued, weighted average grant date fair value (in dollars per share)	$ 27.85		$ 18.04
Non-vested restricted stock granted, grant date fair value	$ 284,000		$ 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)	14,203		7,838
Non-vested restricted stock outstanding, weighted average grant date fair value (in dollars per share)	$ 25.30		$ 18.88
Non-vested restricted stock outstanding, grant date fair value	$ 360,000		$ 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		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2020	Dec. 31, 2021
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	$ 88,600,000		$ 88,600,000
Federal Home Loan Bank Advances, Total	$ 0		$ 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	6.25%		6.25%
Long-Term Line of Credit, Total	$ 4,125,000		$ 4,125,000			$ 3,575,000
Interest Expense, Debt, Total	$ 56,000	$ 25,000	$ 127,000	$ 32,000

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	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Stand-alone derivatives	$ 20,173	$ 20,606
Weighted-average pay rate - interest rate swaps	3.68%	3.69%
Weighted-average receive rate - interest rate swaps	3%	3%
Weighted-average maturity (in years) - interest rate swaps (Year)	12 years 9 months 18 days	13 years 7 months 6 days
Stand-alone derivatives - interest rate swaps (other assets)	$ 2,385	$ 630
Stand-alone derivatives - interest rate swaps (other liabilities)	$ (2,385)	$ (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	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt securities available for sale	$ 131,668	$ 73,763
Loans held for sale	8,911	11,768
Accrued interest receivable	2,132	1,505
Reported Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	76,017	233,473
Reported Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	131,688	73,763
Debt securities held to maturity	11,794	0
Reported Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	8,911	11,768
Loans, net	565,877	490,198
Federal Home Loan Bank stock	463	366
Accrued interest receivable	2,132	1,505
Bank-owned life insurance	16,438	16,153
Derivative contract assets	2,385	630
Deposits	755,414	762,942
Other borrowings	4,125	3,575
Derivative contract liabilities	2,385	630
Off-Balance Sheet Items	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	76,017	233,473
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Debt securities available for sale	131,688	73,763
Debt securities held to maturity	10,180	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Loans held for sale	9,054	11,964
Loans, net	538,085	495,209
Federal Home Loan Bank stock	463	366
Accrued interest receivable	2,132	1,505
Bank-owned life insurance	16,438	16,153
Derivative contract assets	2,385	630
Deposits	755,243	763,147
Other borrowings	4,125	3,575
Derivative contract liabilities	2,385	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]	9 Months Ended
	Sep. 30, 2022 USD ($)
Debt Instrument, Term (Year)	1 year
Debt Instrument, Collateral Amount	$ 703,000
Credit Availability Concentration Risk [Member] | Swap Liabilities [Member]
Concentration Risk, Percentage	10%

Note 10 - Off-balance Sheet F_4

Note 10 - Off-balance Sheet Financial Instruments - Summary of Off-balance Sheet Financial Instruments (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Commitments to Extend Credit [Member]
Contractual amounts with off-balance-sheet risk	$ 19,311
Construction Loans In Process [Member]
Contractual amounts with off-balance-sheet risk	60,177
Unused lines of Credit [Member]
Contractual amounts with off-balance-sheet risk	79,993
Standby Financial Letters of Credit [Member]
Contractual amounts with off-balance-sheet risk	3,226
Guaranteed Accounts [Member]
Contractual amounts with off-balance-sheet risk	$ 1,419