Skyline Bankshares (SLBK) 10-K 27 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 26, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0001657642
Entity Registrant Name	Skyline Bankshares, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	333-209052
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	47-5486027
Entity Address, Address Line One	101 Jacksonville Circle
Entity Address, City or Town	Floyd
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	24091
City Area Code	540
Local Phone Number	745-4191
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 55,364,521
Entity Common Stock, Shares Outstanding		5,564,204
Auditor Name	Elliott Davis, PLLC
Auditor Location	Charlotte, NC
Auditor Firm ID	149

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 16,811	$ 19,299
Interest-bearing deposits with banks	4,808	10,802
Federal funds sold	474	960
Total cash and cash equivalents	22,093	31,061
Investment securities available for sale	127,389	135,151
Restricted equity securities	3,338	1,950
Loans, net of allowance for credit losses of $6,739 at December 31, 2023 and $6,248 at December 31, 2022	810,965	748,624
Cash value of life insurance	22,909	22,484
Other real estate owned	0	235
Properties and equipment, net	31,183	31,753
Accrued interest receivable	3,463	2,979
Core deposit intangible	917	1,286
Goodwill	3,257	3,257
Deferred tax assets, net	5,046	5,744
Other assets	15,283	13,210
Assets	1,045,843	997,734
Liabilities
Noninterest-bearing	305,115	310,510
Interest-bearing	623,627	609,817
Total deposits	928,742	920,327
Borrowings	27,500	0
Accrued interest payable	531	95
Other liabilities	6,188	4,376
Liabilities	962,961	924,798
Commitments and contingencies (Note 18)
Stockholders’ Equity
Preferred stock, no par value; 5,000,000 shares authorized, none issued	0	0
Common stock, no par value; 25,000,000 shares authorized, 5,584,204 and 5,617,416 issued and outstanding at December 31, 2023 and 2022, respectively	0	0
Surplus	33,356	33,613
Retained earnings	68,866	62,229
Accumulated other comprehensive loss	(19,340)	(22,906)
Equity, Attributable to Parent	82,882	72,936
Liabilities and Equity	$ 1,045,843	$ 997,734

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit loss	$ 6,739	$ 6,248
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized (in shares)	5,000,000	5,000,000
Preferred stock, issued (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, authorized (in shares)	25,000,000	25,000,000
Common stock, issued (in shares)	5,584,204	5,617,416
Common stock, outstanding (in shares)	5,584,204	5,617,416

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Interest income
Loans and fees on loans	$ 39,877	$ 32,687
Interest-bearing deposits with banks	279	788
Federal funds sold	29	29
Interest on taxable securities	2,829	2,716
Interest on nontaxable securities	195	242
Dividends	156	105
Interest and Dividend Income, Operating	43,365	36,567
Interest expense
Deposits	6,617	1,742
Interest on borrowings	1,150	188
Interest Expense	7,767	1,930
Net interest income	35,598	34,637
(Recovery of) Provision for credit losses	(50)	606
Net interest income after (recovery of) provision for credit losses	35,648	34,031
Noninterest income
Net realized losses on securities	(16)	(10)
Increase in cash value of life insurance	576	513
Life insurance income	69	217
Other income	427	61
Noninterest Income	6,970	6,257
Noninterest expenses
Salaries and employee benefits	16,704	14,823
Occupancy and equipment	5,032	4,410
Data processing expense	2,231	1,971
FDIC Assessments	588	430
Advertising	768	657
Bank franchise tax	376	506
Director fees	349	354
Professional fees	722	684
Telephone expense	556	482
Core deposit intangible amortization	369	478
Other expense	2,847	2,693
Noninterest Expense	30,542	27,488
Income before income taxes	12,076	12,800
Income tax expense	2,376	2,519
Net income	$ 9,700	$ 10,281
Basic earnings per share (in dollars per share)	$ 1.74	$ 1.84
Weighted average shares outstanding (in shares)	5,579,654	5,588,394
Dividends declared per share (in dollars per share)	$ 0.42	$ 0.32
Deposit Account [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	$ 2,186	$ 1,906
Financial Service, Other [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	3,473	3,171
Mortgage Banking [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	$ 255	$ 399

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 9,700	$ 10,281
Net change in pension reserve:
Change in pension reserve during the year	744	(1,648)
Tax related to change in pension reserve	(156)	346
Unrealized gains (losses) on investment securities available for sale:
Unrealized gains (losses) arising during the year	3,753	(24,650)
Tax related to unrealized (gains) losses	(788)	5,177
Reclassification of net realized losses during the year	16	10
Tax related to net realized losses	(3)	(2)
Total other comprehensive income (loss)	3,566	(20,767)
Total comprehensive income (loss)	$ 13,266	$ (10,486)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (in shares) at Dec. 31, 2021						5,606,216
Balance at Dec. 31, 2021						$ 0	$ 33,588	$ 53,745	$ (2,139)	$ 85,194
Net income						0	0	10,281	0	10,281
Other comprehensive income (loss)						0	0	0	(20,767)	(20,767)
Dividends paid						$ 0	0	(1,797)	0	(1,797)
Restricted stock Issued (in shares)						14,500
Restricted stock Issued						$ 0	0	0	0	0
Stock awards Issued (in shares)						8,700
Stock awards Issued						$ 0	0		0	0
Share-based compensation						$ 0	179	0	0	179
Common stock repurchased (in shares)						(12,000)
Common stock repurchased						$ 0	(154)	0	0	(154)
Balance (in shares) (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	0
Balance (in shares) at Dec. 31, 2022						5,617,416
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 0	$ 0	$ (710)	$ 0	$ (710)
Balance at Dec. 31, 2022						$ 0	33,613	62,229	(22,906)	72,936
Net income						0	0	9,700	0	9,700
Other comprehensive income (loss)						0	0	0	3,566	3,566
Dividends paid						$ 0	0	(2,353)	0	(2,353)
Stock awards Issued (in shares)						13,500
Stock awards Issued						$ 0	0		0	0
Share-based compensation						$ 0	251	0	0	251
Common stock repurchased (in shares)						(46,712)
Common stock repurchased						$ 0	(508)	0	0	(508)
Balance (in shares) at Dec. 31, 2023						5,584,204
Balance at Dec. 31, 2023						$ 0	$ 33,356	$ 68,866	$ (19,340)	$ 82,882

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Dividends paid per share (in dollars per share)	$ 0.42	$ 0.32

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 9,700	$ 10,281
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	1,885	1,690
Amortization of core deposit intangible	369	478
Accretion of loan discount and deposit premium, net	(161)	(415)
(Recovery of) Provision for credit losses	(50)	606
Deferred income taxes	(55)	899
Net realized losses on securities	16	10
Accretion of discount on securities, net of amortization of premiums	140	236
Deferred compensation	163	166
Share-based compensation	251	179
Adjustment of carrying value of other real estate owned	0	72
Loss on sale of other real estate owned	6	0
(Gains) losses on sale or disposal of properties and equipment	(193)	6
Life insurance income	(69)	(217)
Changes in assets and liabilities:
Cash value of life insurance	(576)	(513)
Accrued interest receivable	(484)	(616)
Other assets	(84)	(2,123)
Accrued interest payable	436	22
Other liabilities	49	(131)
Net cash provided by operating activities	11,343	10,630
Cash flows from investing activities
Purchases	0	(45,181)
Sales	4,427	2,507
Maturities/calls/paydowns	6,948	12,352
(Purchases) redemption of restricted equity securities	(1,388)	21
Net increase in loans	(62,694)	(71,010)
Purchases of life insurance contracts	0	(3,500)
Proceeds from life insurance contracts	220	496
Proceeds from sale of other real estate owned	229	0
Purchases of property and equipment	(2,843)	(3,795)
Proceeds from sale of property and equipment	1,721	895
Net cash used in investing activities	(53,380)	(107,215)
Cash flows from financing activities
Net increase in deposits	8,430	22,151
Bank term funding program advances	2,500	0
Net change in FHLB advances	25,000	(5,000)
Advance on short-term line of credit	0	150
Payment on short-term line of credit	0	(3,350)
Common stock repurchased	(508)	(154)
Dividends paid	(2,353)	(1,797)
Net cash provided by financing activities	33,069	12,000
Net (decrease) increase in cash and cash equivalents	(8,968)	(84,585)
Cash and cash equivalents, beginning	31,061	115,646
Cash and cash equivalents, ending	22,093	31,061
Supplemental disclosure of cash flow information
Interest paid	7,331	1,908
Taxes paid	2,320	1,218
Supplemental disclosure of noncash investing activities
Effect on equity of change in net unrealized loss on available for sale securities	2,978	(19,465)
Effect on equity of change in funded pension liability	588	(1,302)
Transfer of bank property to other real estate owned	0	307
Right-of-use assets obtained in exchange for new operating lease liabilities	1,562	327
Cumulative effect of adoption of credit losses standard, net of tax	(710)	0
Core Deposits [Member]
Adjustments to reconcile net income to net cash provided by operations:
Amortization of core deposit intangible	$ 369	$ 478

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Organization Skyline Bankshares, Inc. (the “Company”) is a bank holding company headquartered in Floyd, Virginia. The Company offers a wide range of retail and commercial banking services through its wholly-owned bank subsidiary, Skyline National Bank (the “Bank”). On January 1, 2023, The Company was incorporated as a Virginia corporation on November 2, 2015. July 1, 2016. March 13, 2017, On July 1, 2018, The Bank was organized under the laws of the United States in 1900 twenty-seven two Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for credit losses, and asset impairment judgments, such as the recoverability of intangible assets and credit losses on investment securities, involve a higher degree of complexity and require management to make difficult and subjective judgments that often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors. Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation. Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment. Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations one one not Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for credit and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may may may The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold. Trading Securities The Company does not not Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at amortized cost. The Company does not Securities Available for Sale Available for sale securities are reported at fair value and consist of mortgage-backed, U.S. government agencies, corporate, and state and municipal securities not Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums. Accounting Standards Adopted in 2023 On January 1, 2023, 2016 13 Financial Instruments Credit Losses (Topic 326 326” no In addition, CECL made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities if management does not not not, The Company adopted ASC 326 January 1, 2023 January 1, 2023 January 1, 2023 The Company adopted ASC 326 January 1, 2023. December 31, 2022, not 326, not The Company elected not 90 The allowance for credit losses is established as losses are estimated to have occurred through a provision for credit losses charged to earnings. Loan losses are charged against the allowance when management believes the loan balance, or a portion thereof, is uncollectable. Subsequent recoveries, if any, are credited to the allowance. The allowance for credit losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The adoption of ASC 326 326 326, 5 Allowance for Credit Losses Available for Sale Securities For available for sale securities, management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not If either of the above criteria is not may not Changes in the allowance for credit loss are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance for credit loss when management believes an available for sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. At December 31, 2023, no Accrued interest receivable on available for sale debt securities, which is reported in accrued interest receivable on the consolidated balance sheets, totaled $641 thousand at December 31, 2023 Loans Receivable Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest receivable related to loans totaled $2.8 million at December 31, 2023 The accrual of interest is generally discontinued when a loan becomes 90 not not not 30 All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not Purchased Credit Deteriorated Loans Upon adoption of ASC 326, In future acquisitions, the Company may no Allowance for Credit Losses Loans The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the loan balance, or a portion thereof, is uncollectable. Expected recoveries do not The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. The allowance for credit losses is estimated by management using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company measures expected credit losses for loans on a pooled basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a Lifetime of Probability of Default / Loss Given Default (“Lifetime PD/LGD”) methodology because of the historical loss information the Company has on its loan portfolio, which is less subjective in nature, than the other methodologies available. In addition, this methodology is less reliant on qualitative factors versus the other methodologies and the previously used incurred loss model. Under this methodology an estimate of probability of default and a lifetime loss rate is applied to the portfolio segment based on the loss history during the economic life cycle of these type of loans. ● Construction and development loans include both commercial and consumer. Commercial loans are made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not may not ● Farmland loans are loans secured by farmland and improvements thereon, as evidenced by mortgages or other liens. Farmland includes all land known to be used or usable for agricultural purposes, such as crop and livestock production. Farmland includes grazing or pasture land, whether tillable or not not. ● Residential loans are loans secured by first second 1 4 ● Commercial mortgage loans are secured by commercial purpose real estate, including both owner occupied properties and investment properties, for various purposes such as hotels, retail facilities, and office space. Operations of the individual projects as well as global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type as well as the business. ● Commercial & agricultural loans are made to operating companies, manufacturers, or farmers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the borrower is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the borrower. Collateral for these types of loans often do not ● Consumer and other loans may 1 4 may Additionally, the allowance for credit losses calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may not 5 12 third Loans that do not Allowance for Credit Losses Unfunded Commitments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for credit losses in the Company’s income statements. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur as well as any third Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 40 - 40 Furniture and equipment 5 - 12 Other Real Estate Owned Other real estate owned represents properties acquired through, or in lieu of, loan foreclosure and former branch sites that have been closed and for which there are no Share-Based Compensation The Parkway Acquisition Corp. 2020 March 17, 2020 August 18, 2020. As of December 31, 2023, 15 Pension Plan Prior to the Cardinal merger, both the Bank and Floyd had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both the Bank’s and Floyd’s plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the Cardinal merger. The Bank’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974 Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not Goodwill and Other Intangible Assets Goodwill arises from business combinations and is generally determined as the excess of fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquire, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not November 1 June 1, 2023. June 1, 2023 no Other intangible assets consist of core deposit intangibles that represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired. The core deposit intangible as a result of the Cardinal merger, is amortized over an estimated useful life of twenty seven Cash Value of Life Insurance The Bank is owner and beneficiary of life insurance policies on certain current and former employees and directors. The Company records these policies in the consolidated balance sheets at cash surrender value, with changes recorded in noninterest income in the consolidated statements of income. Leases We have performed an evaluation of our leasing contracts and activities. We have developed our methodology to estimate the right-of use assets and lease liabilities, which is based on the present value of lease payments. There was not 8 Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable income such as interest on state and municipal securities) and consists of taxes currently due plus deferred taxes on temporary differences in the recognition of income and expense for tax and financial statement purposes. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not Revenue Recognition Service Charges on Deposit Accounts - December 31, 2023 2022 Mortgage Origination Fees December 31, 2023 2022 Other Service Charges and Fees - ● ATM, Credit and Debit Card Fees - December 31, 2023 2022 ● Insurance and Investment - December 31, 2023 2022, Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years ended December 31, 2023 2022 Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends. For the years ended December 31, 2023 2022, no Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss), net of tax, are as follows: (dollars in thousands) Unrealized Gains And Losses On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2021 $ (1,477 ) $ (662 ) $ (2,139 ) Other comprehensive income (loss) before Reclassifications (19,473 ) (1,302 ) (20,775 ) Amounts reclassified from accumulated other comprehensive loss 8 - 8 Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Other comprehensive income before Reclassifications 2,965 588 3,553 Amounts reclassified from accumulated other comprehensive loss 13 - 13 Balance, December 31, 2023 $ (17,964 ) $ (1,376 ) $ (19,340 ) Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded. Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 12. Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net income and stockholders’ equity previously reported were not Recent Accounting Pronouncements The following accounting standards may In June 2022, December 15, 2023, not In December 2022, 848 December 31, 2022, December 31, 2024, not December 31, 2021, June 2023. not In July 2023, No. 120, March 24, 2022, 6.B. not In August 2023, No. 121. not In December 2023, December 15, 2024. not not Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not

Note 2 - Restrictions on Cash

Note 2 - Restrictions on Cash	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Cash and Cash Equivalents Disclosure [Text Block]	Note 2. The Bank is required to maintain vault cash on hand or on deposit with the Federal Reserve Bank based on the amount of certain customer deposits, mainly checking accounts. The Board of Governors of the Federal Reserve lowered the reserve requirement ratios on transaction accounts to zero percent effective March 26, 2020, December 31, 2023 December 31, 2022.

Note 3 - Investment Securities

Note 3 - Investment Securities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3. Investment securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost of securities and their approximate fair values at December 31, 2023 2022 no December 31, 2023. (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2023 Available for sale: U.S. Treasury securities $ 2,511 $ - $ (65 ) $ 2,446 U.S. Government agencies 25,165 - (3,727 ) 21,438 Mortgage-backed securities 71,617 - (9,920 ) 61,697 Corporate securities 1,500 - (58 ) 1,442 State and municipal securities 49,336 9 (8,979 ) 40,366 $ 150,129 $ 9 $ (22,749 ) $ 127,389 December 31, 2022 Available for sale: U.S. Treasury securities $ 4,980 $ - $ (146 ) $ 4,834 U.S. Government agencies 25,025 - (4,179 ) 20,846 Mortgage-backed securities 78,755 - (11,485 ) 67,270 Corporate securities 1,500 - - 1,500 State and municipal securities 51,400 16 (10,715 ) 40,701 $ 161,660 $ 16 $ (26,525 ) $ 135,151 Restricted equity securities totaled $3.3 million at December 31, 2023 December 31, 2022. may The following tables details unrealized losses and related fair values in the Company’s available for sale investment securities portfolios for which an allowance for credit losses has not December 31, 2023 not December 31, 2022. December 31, 2023 2022. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023 Available for sale: U.S. Treasury securities $ - $ - $ 2,446 $ (65 ) 2,446 $ (65 ) U.S. Government agencies - - 21,438 (3,727 ) 21,438 (3,727 ) Mortgage-backed securities 5 - 61,692 (9,920 ) 61,697 (9,920 ) Corporate securities 1,442 (58 ) - - 1,442 (58 ) State and municipal securities 1,216 (310 ) 38,181 (8,669 ) 39,397 (8,979 ) Total securities available for sale $ 2,663 $ (368 ) $ 123,757 $ (22,381 ) $ 126,420 $ (22,749 ) December 31, 2022 Available for sale: U.S. Treasury securities $ 4,834 $ (146 ) $ - $ - $ 4,834 $ (146 ) U.S. Government agencies 8,563 (1,227 ) 12,282 (2,952 ) 20,845 (4,179 ) Mortgage-backed securities 27,796 (2,756 ) 39,467 (8,729 ) 67,263 (11,485 ) State and municipal securities 15,234 (2,633 ) 24,492 (8,082 ) 39,726 (10,715 ) Total securities available for sale $ 56,427 $ (6,762 ) $ 76,241 $ (19,763 ) $ 132,668 $ (26,525 ) At December 31, 2023, not If either of the above criteria is not may not Changes in the allowance for credit loss are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance for credit loss when management believes an available for sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. At December 31, 2023, no Proceeds from sales of investment securities available for sale were $4.4 million and $2.5 million for the years ended December 31, 2023 2022, December 31, 2023. December 31, 2022. December 31 (dollars in thousands) 2023 2022 Realized gains $ 12 $ - Realized losses (28 ) (10 ) $ (16 ) $ (10 ) There were no may December 31, 2023, (dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 250 $ 256 Due after one year through five years 19,499 18,265 Due after five years through ten years 68,048 58,446 Due after ten years 62,332 50,422 $ 150,129 $ 127,389 Maturities of mortgage-backed securities are based on contractual amounts. Actual maturity will vary as loans underlying the securities are prepaid. Investment securities with amortized cost of approximately $36.0 million and $33.7 million at December 31, 2023 2022,

Note 4 - Loans Receivable

Note 4 - Loans Receivable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	Note 4. The major components of loans in the consolidated balance sheets at December 31, 2023 December 31, 2022 (dollars in thousands) 2023 2022 Real Estate Secured: Construction & development $ 53,473 $ 49,728 Farmland 25,598 23,688 Residential 400,947 358,526 Commercial mortgage 269,666 263,664 Non-Real Estate Secured: Commercial & agricultural 47,681 39,505 Consumer & other 20,339 19,761 Total loans 817,704 754,872 Allowance for credit losses (6,739 ) (6,248 ) Loans, net of allowance for credit losses $ 810,965 $ 748,624 Included in total loans above are deferred loan fees of $1.4 million and $1.1 million at December 31, 2023 December 31, 2022, December 31, 2023 December 31, 2022, The Company elected to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable related to loans totaled $2.8 million at December 31, 2023 December 31, 2022 As of December 31, 2023 2022, 1 4

Note 5 - Allowance for Credit L

Note 5 - Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 5. Allowance for Credit Losses - Loans The change in the allowance for credit losses for the year ended December 31, 2023, December 31, 2023. The following tables summarizes the activity related to the allowance for credit losses for the year ended December 31, 2023 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total Balance, December 31, 2022 $ 526 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,248 Adjustment to allowance for adoption of ASU 2016-13 408 (108 ) 279 (119 ) 84 48 592 Charge-offs - - - - - (110 ) (110 ) Recoveries 1 50 1 11 16 23 102 Provision (25 ) (47 ) 67 (187 ) 12 87 (93 ) Balance, December 31, 2023 $ 910 $ 154 $ 3,167 $ 1,902 $ 424 $ 182 $ 6,739 Prior to the adoption of ASC 326 January 1, 2023, December 31, 2022: (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total December 31, 2022 Allowance for loan losses: Beginning Balance $ 484 $ 315 $ 2,521 $ 1,908 $ 321 $ 128 $ 5,677 Charge-offs - - - - (14 ) (114 ) (128 ) Recoveries 3 - 12 8 30 40 93 Provision 39 (56 ) 287 281 (25 ) 80 606 Ending Balance $ 526 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,248 Ending balance: individually evaluated for impairment $ 4 $ - $ - $ - $ - $ - $ 4 Ending balance: collectively evaluated for impairment $ 522 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,244 Loans outstanding: Ending Balance $ 49,728 $ 23,688 $ 358,526 $ 263,664 $ 39,505 $ 19,761 $ 754,872 Ending balance: individually evaluated for impairment $ 313 $ - $ - $ 382 $ - $ - $ 695 Ending balance: collectively evaluated for impairment $ 49,415 $ 23,688 $ 358,410 $ 263,194 $ 39,505 $ 19,761 $ 753,973 Ending balance: purchased credit impaired loans $ - $ - $ 116 $ 88 $ - $ - $ 204 As of December 31, 2022, Credit Quality Indicators Management closely monitors the quality of the loan portfolio and has established a loan review process designed to help grade the quality of the Bank’s loan portfolio. The Bank’s loan ratings coincide with the “Substandard,” “Doubtful” and “Loss” classifications used by federal regulators in their examination of financial institutions. Generally, an asset is considered “Substandard” if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged. “Substandard” assets include those characterized by the distinct possibility that the insured financial institution will sustain some loss if the deficiencies are not not December 31, 2023 December 31, 2022, no Assets that do not one Loans are graded at origination and will be considered for potential downgrades as the borrower experiences financial difficulties. Loan officers meet periodically to discuss their past due credits and loan downgrades could occur at that time. Commercial loans of over $1.0 third The following table presents the Company’s recorded investment in loans by credit quality indicators as of December 31, 2023 December 31, 2022: Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total December 31, 2023 Real Estate Secured: Construction & development $ 53,444 $ - $ - $ 29 $ 53,473 Farmland 23,329 - 737 1,532 25,598 Residential 400,432 213 36 266 400,947 Commercial mortgage 265,441 2,329 202 1,694 269,666 Non-Real Estate Secured: Commercial & agricultural 47,481 - 24 176 47,681 Consumer & other 19,903 - - 436 20,339 Total $ 810,030 $ 2,542 $ 999 $ 4,133 $ 817,704 December 31, 2022 Real Estate Secured: Construction & development $ 49,384 $ - $ - $ 344 $ 49,728 Farmland 21,156 814 468 1,250 23,688 Residential 356,327 947 499 753 358,526 Commercial mortgage 259,529 2,130 153 1,852 263,664 Non-Real Estate Secured: Commercial & agricultural 39,410 13 - 82 39,505 Consumer & other 19,761 - - - 19,761 Total $ 745,567 $ 3,904 $ 1,120 $ 4,281 $ 754,872 The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of December 31, 2023: Term Loans by Year of Origination Revolving Loans Converted (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving To Term Total Construction & development Pass $ 15,743 $ 8,291 $ 12,945 $ 1,742 $ 2,552 $ 6,492 $ 5,679 $ - $ 53,444 Watch - - - - - - - - - Special Mention - - - - - - - - - Substandard - - 29 - - - - - 29 Total construction & development $ 15,743 $ 8,291 $ 12,974 $ 1,742 $ 2,552 $ 6,492 $ 5,679 $ - $ 53,473 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 4,750 $ 2,376 $ 1,448 $ 2,764 $ 1,365 $ 9,019 $ 1,607 $ - $ 23,329 Watch - - - - - - - - - Special Mention - - - - - 637 100 - 737 Substandard - - - - 8 1,507 17 - 1,532 Total farmland $ 4,750 $ 2,376 $ 1,448 $ 2,764 $ 1,373 $ 11,163 $ 1,724 $ - $ 25,598 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential Pass $ 56,921 $ 99,100 $ 54,974 $ 46,877 $ 17,527 $ 63,461 $ 60,520 $ 1,052 $ 400,432 Watch - - - 213 - - - - 213 Special Mention - - - 9 - 27 - - 36 Substandard - - - - - 252 - 14 266 Total residential $ 56,921 $ 99,100 $ 54,974 $ 47,099 $ 17,527 $ 63,740 $ 60,520 $ 1,066 $ 400,947 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial mortgage Pass $ 36,852 $ 53,022 $ 49,799 $ 41,429 $ 22,069 $ 58,119 $ 4,048 $ 103 $ 265,441 Watch - - - 2,081 - 248 - - 2,329 Special Mention - - - - - 202 - - 202 Substandard - - 86 - - 1,209 399 - 1,694 Total residential $ 36,852 $ 53,022 $ 49,885 $ 43,510 $ 22,069 $ 59,778 $ 4,447 $ 103 $ 269,666 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial & agricultural Pass $ 12,056 $ 6,579 $ 4,931 $ 1,610 $ 573 $ 1,624 $ 20,079 $ 29 $ 47,481 Watch - - - - - - - - - Special Mention - - - - 24 - - - 24 Substandard - 4 - - 25 147 - - 176 Total commercial & agricultural $ 12,056 $ 6,583 $ 4,931 $ 1,610 $ 622 $ 1,771 $ 20,079 $ 29 $ 47,681 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer & other Pass $ 9,836 $ 2,866 $ 2,410 $ 229 $ 799 $ 3,025 $ 738 $ - $ 19,903 Watch - - - - - - - - - Special Mention - - - - - - - - - Substandard - - 397 - - 39 - - 436 Total consumer & other $ 9,836 $ 2,866 $ 2,807 $ 229 $ 799 $ 3,064 $ 738 $ - $ 20,339 Current period gross write-offs $ 27 $ 33 $ 14 $ 8 $ 5 $ 23 $ - $ - $ 110 Total loans Pass $ 136,158 $ 172,234 $ 126,507 $ 94,651 $ 44,885 $ 141,740 $ 92,671 $ 1,184 $ 810,030 Watch - - - 2,294 - 248 - - 2,542 Special Mention - - - 9 24 866 100 - 999 Substandard - 4 512 - 33 3,154 416 14 4,133 Total loans $ 136,158 $ 172,238 $ 127,019 $ 96,954 $ 44,942 $ 146,008 $ 93,187 $ 1,198 $ 817,704 Total Current period gross write-offs $ 27 $ 33 $ 14 $ 8 $ 5 $ 23 $ - $ - $ 110 Nonaccrual Loans The following table is a summary of the Company’s nonaccrual loans by major categories for the periods indicated: CECL Incurred Loss December 31, 2023 December 31, 2022 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans Construction & development $ - $ 29 $ 29 $ 344 Farmland 314 86 400 94 Residential - 221 221 565 Commercial mortgage 339 176 515 622 Commercial & agricultural - 130 130 9 Consumer & other 398 38 436 - Total $ 1,051 $ 680 $ 1,731 $ 1,634 The following table represents the accrued interest receivables written off on nonaccrual loans by reversing interest income during the year ended December 31, 2023: (dollars in thousands) 2023 Construction & development $ - Farmland - Residential 16 Commercial mortgage - Commercial & agricultural - Consumer & other 6 Total Loans $ 22 Aging Analysis The following table presents an aging analysis of past due loans by category as of December 31, 2023: (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due and Still Accruing Nonaccrual Loans Current Total Loans December 31, 2023 Real Estate Secured: Construction & development $ - $ - $ - $ 29 $ 53,444 $ 53,473 Farmland - - - 400 25,198 25,598 Residential - 45 - 221 400,681 400,947 Commercial mortgage - - - 515 269,151 269,666 Non-Real Estate Secured: Commercial & agricultural 35 - - 130 47,516 47,681 Consumer & other 12 - - 436 19,891 20,339 Total $ 47 $ 45 $ - $ 1,731 $ 815,881 $ 817,704 The following table presents an aging analysis of past due loans by category as December 31, 2022: (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due and Still Accruing Nonaccrual Loans Current Total Loans December 31, 2022 Real Estate Secured: Construction & development $ - $ - $ - $ 344 $ 49,384 $ 49,728 Farmland 4 - - 94 23,590 23,688 Residential 90 137 - 565 357,734 358,526 Commercial mortgage - - - 622 263,042 263,664 Non-Real Estate Secured: Commercial & agricultural - - - 9 39,496 39,505 Consumer & other 5 - - - 19,756 19,761 Total $ 99 $ 137 $ - $ 1,634 $ 753,002 $ 754,872 Collateral Dependent Loans Loans that do not ● Construction and development loans include both commercial and consumer loans. Commercial loans are typically secured by first first ● Commercial real estate loans can be secured by either owner occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by office buildings and complexes, retail facilities, multifamily complexes, land under development, industrial properties, as well as other commercial or industrial real estate. ● Residential real estate loans are typically secured by first second ● Home equity lines of credit are generally secured by second ● Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no The following table details the amortized cost of collateral dependent loans as of December 31, 2023: (dollars in thousands) 2023 Construction & development $ - Farmland - Residential - Commercial mortgage 339 Commercial & agricultural - Consumer & other - Total Loans $ 339 Purchased Credit Deteriorated There were no purchased credit deteriorated loans acquired during the years ended December 31, 2023 2022, During 2018, not no December 31, 2023 December 31, 2022 (dollars in thousands) 2023 2022 Residential $ 99 $ 116 Commercial mortgage 77 88 Outstanding balance $ 176 $ 204 Carrying amount $ 176 $ 204 Impaired Loans Prior to the adoption of ASU 2016 13, may not may third third may As of December 31, 2022, December 31, 2022 December 31, 2022, not December 31, 2022. The categories of non-accrual loans and impaired loans overlap, although they are not Management collectively evaluated performing TDRs with a loan balance of $250,000 December 31, 2022, The following table is a summary of information related to impaired loans as of December 31, 2022: Impaired Loans (dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance December 31, 2022 With no related allowance recorded: Construction & development $ 203 $ 203 $ - Farmland - - - Residential - - - Commercial mortgage 381 395 - Commercial & agricultural - - - Consumer & other - - - Subtotal 584 598 - With an allowance recorded: Construction & development 119 119 4 Farmland 355 371 15 Residential 1,885 2,043 96 Commercial mortgage 66 66 3 Commercial & agricultural 24 24 1 Consumer & other - - - Subtotal 2,449 2,623 119 Totals: Construction & development 322 322 4 Farmland 355 371 15 Residential 1,885 2,043 96 Commercial mortgage 447 461 3 Commercial & agricultural 24 24 1 Consumer & other - - - Total $ 3,033 $ 3,221 $ 119 1 Recorded investment is the loan balance, net of any charge-offs The following table shows the average recorded investment and interest income recognized for impaired loans for the year ended December 31, 2022: December 31, 2022 (dollars in thousands) Average Recorded Investment Interest Income Recognized Construction & development $ 645 $ 55 Farmland 372 23 Residential 2,124 133 Commercial mortgage 464 21 Commercial & agricultural 28 2 Consumer & other - - Total $ 3,633 $ 234 Modifications Made to Borrowers Experiencing Financial Difficulty The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a lifetime of probability of default/loss given default model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. There are no Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one may two The following table shows the amortized cost basis as of December 31, 2023 Combination Term Extension & Interest Rate Reduction Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Construction & development $ - - % Farmland - - % Residential 592 0.15 % Average interest rate reduced from 8.13% to 6.13%. Added an average of 4.39 years to the life of the loans, which resulted in reduced payment. Commercial mortgage - - % Commercial & agricultural - - % Consumer & other 398 1.96 % Reduced interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 990 Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. There were no loans that had a payment default during the period and were modified in the 12 The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last 12 December 31, 2023: Payment Status (Amortized Cost Basis) (dollars in thousands) Current 30-89 Days Past Due 90+ Days Past Due Construction & development $ - $ - $ - Farmland - - - Residential 592 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 398 - - Total $ 990 $ - $ - Troubled Debt Restructuring Prior to the adoption of ASC 326 January 1, 2023, not not The following table sets forth information with respect to the Bank’s troubled debt restructurings as of December 31, 2022 326: TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulted (1) (dollars in thousands) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment December 31, 2022 Construction & development - $ - $ - - $ - $ - Farmland - - - - - - Residential 2 79 79 - - - Commercial mortgage 1 403 381 - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 3 $ 482 $ 460 - $ - $ - During the twelve December 31, 2022, twelve December 31, 2022. ( 1 30 Unfunded Commitments The Company maintains a separate reserve for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheets. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the income statement. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described above, as these unfunded commitments share similar risk characteristics as its loan portfolio segments. The Company has identified the unfunded portion of certain lines of credit as unconditionally cancellable credit exposures, meaning the Company can cancel the unfunded commitment at any time. No may The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the nine December 31, 2023: (dollars in thousands) Total Allowance for Credit Losses – Unfunded Commitments Balance, December 31, 2022 $ 46 Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 313 Provision for credit losses - unfunded commitments 43 Balance, December 31, 2023 $ 402

Note 6 - Property and Equipment

Note 6 - Property and Equipment	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 6. Components of property and equipment and total accumulated depreciation at December 31, 2023 2022, (dollars in thousands) 2023 2022 Land $ 8,478 $ 8,429 Buildings and improvements 25,831 25,835 Furniture and equipment 14,126 13,221 48,435 47,485 Less accumulated depreciation (17,252 ) (15,732 ) $ 31,183 $ 31,753 Depreciation expense for the years ended December 31, 2023 2022

Note 7 - Goodwill and Intangibl

Note 7 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 7. An analysis of goodwill during the years ended December 31, 2023 2022 (dollars in thousands) 2023 2022 Beginning of year $ 3,257 $ 3,257 Impairment - - End of the period $ 3,257 $ 3,257 Intangible Assets The following table presents the activity for the Company’s core deposit intangible assets, which are the only identifiable intangible assets subject to amortization. Core deposit intangibles at December 31, 2023 2022 (dollars in thousands) 2023 2022 Balance at beginning of year, net $ 1,286 $ 1,764 Amortization expense (369 ) (478 ) Net book value $ 917 $ 1,286 The following table presents the estimated amortization expense of the core deposit intangible over the remaining useful life: (dollars in thousands) For the year ended December 31, 2024 $ 262 For the year ended December 31, 2025 154 For the year ended December 31, 2026 96 For the year ended December 31, 2027 81 For the year ended December 31, 2028 68 Thereafter 256 Total $ 917

Note 8 - Leases

Note 8 - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 8. The Company’s leases are recorded under ASC Topic 842, Leases Contracts are evaluated to determine whether they are or contain a lease in accordance with Topic 842. 842 not not 12 June 2023 August 2023 two 2022 Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. For our incremental borrowing rate, we used the Federal Home Loan Bank rate available at the time of lease inception. The right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The contracts in which the Company is lessee are with parties external to the Company and not (dollars in thousands) 2023 2022 Lease liabilities $ 1,983 $ 739 Right-of-use assets $ 2,073 $ 739 Weighted average remaining lease term (years) 7.45 5.59 Weighted average discount rate 3.98 % 2.75 % (dollars in thousands) 2023 2022 Lease Expense Operating lease expense $ 273 $ 158 Short-term lease expense 17 8 Total lease expense $ 290 $ 166 Cash paid for amounts included in lease liabilities $ 268 $ 158 The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liabilities: (dollars in thousands) Twelve months ending December 31, 2024 $ 388 Twelve months ending December 31, 2025 352 Twelve months ending December 31, 2026 293 Twelve months ending December 31, 2027 257 Twelve months ending December 31, 2028 231 Thereafter 798 Total undiscounted cash flows $ 2,319 Less discount (336 ) Lease liabilities $ 1,983

Note 9 - Deposits

Note 9 - Deposits	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 9. The following table presents the composition of deposits at December 31, 2023 December 31, 2022: (dollars in thousands) 2023 2022 Interest-bearing deposits: Interest-bearing demand deposit accounts $ 136,305 $ 144,540 Money market 70,669 87,012 Savings 152,666 194,723 Time deposits 263,987 183,542 Total interest-bearing deposits 623,627 609,817 Noninterest-bearing deposits 305,115 310,510 Total deposits $ 928,742 $ 920,327 The aggregate amount of time deposits in denominations of more than $250 December 31, 2023 2022 At December 31, 2023, (dollars in thousands) 2024 $ 225,658 2025 19,197 2026 9,171 2027 5,894 2028 4,067 After Five Years - Total $ 263,987

Note 10 - Short-term Borrowings

Note 10 - Short-term Borrowings	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Short-Term Debt [Text Block]	Note 10. At December 31, 2023, January 10, 2024, December 31, 2023, August 2, 2024, December 31, 2022. At December 31, 2023, ,

Note 11 - Long-term Borrowings

Note 11 - Long-term Borrowings	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Long-Term Debt [Text Block]	Note 11. At December 31, 2023 2022,

Note 12 - Financial Instruments

Note 12 - Financial Instruments	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	Note 12. FASB ASC 825, not not not 825 not The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not December 31, 2023 2022. no For loans, the carrying amount is net of unearned income and the allowance for credit losses. In accordance with ASU No. 2016 01, December 31, 2023 2022, Fair Value Measurements (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2023 Financial Instruments – Assets Net Loans $ 810,965 $ 775,246 $ - $ - $ 775,246 Financial Instruments – Liabilities Time Deposits 263,987 260,590 - 260,590 - FHLB Advances 25,000 24,999 - 24,999 - Federal Reserve’s Bank Term Funding Program Advances 2,500 2,500 - 2,500 - December 31, 2022 Financial Instruments – Assets Net Loans $ 748,624 $ 702,549 $ - $ - $ 702,549 Financial Instruments – Liabilities Time Deposits 183,542 181,525 - 181,525 - The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. Securities available for sale and derivatives are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may Fair Value Hierarchy Under FASB ASC 820, three Level 1 Level 2 not Level 3 one not may Following is a description of valuation methodologies used for assets and liabilities recorded at fair value. Investment Securities Available for Sale Investment securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted prices, if available. If quoted prices are not 1 2 3 Individually Evaluated Loans Individually evaluated loans for which it is probable that payment of interest and principal will not not 3 Fair value for individually evaluated loans is determined using several methods. Generally, the fair value of real estate is determined based on appraisals by qualified licensed appraisers. These appraisals may 3 Derivative Assets and Liabilities Derivative instruments held or issued by the Company for risk management purposes are traded in over-the-counter markets where quoted market prices are not third 2. 2 December 31, 2023 December 31, 2022. Other Real Estate Owned Other real estate owned is adjusted to fair value upon transfer of the loans, or former bank premises, to other real estate owned. Subsequently, other reals estate owned is carried at the lower of carrying value or fair value. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price the Company records the other real estate owned as nonrecurring Level 2. no 3. December 31, 2022 December 31, 2023. Assets Recorded at Fair Value on a Recurring Basis (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Investment securities available for sale U.S. Treasury securities $ 2,446 $ - $ 2,446 $ - U.S. Government agencies 21,438 - 21,438 - Mortgage-backed securities 61,697 - 61,697 - Corporate securities 1,442 - 1,442 - State and municipal securities 40,366 - 40,366 - Total assets at fair value $ 127,389 $ - $ 127,389 $ - December 31, 2022 Investment securities available for sale U.S. Treasury securities $ 4,834 $ - $ 4,834 $ - U.S. Government agencies 20,846 - 20,846 - Mortgage-backed securities 67,270 - 67,270 - Corporate securities 1,500 - 1,500 - State and municipal securities 40,701 - 40,701 - Total assets at fair value $ 135,151 $ - $ 135,151 $ - No liabilities were recorded at fair value on a recurring basis as of December 31, 2023 2022. no December 31, 2023 2022. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may No December 31, 2023 2022. (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Individually evaluated loans $ 1,635 $ - $ - $ 1,635 Other real estate owned - - - - Total assets at fair value $ 1,635 $ - $ - $ 1,635 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2022 Impaired loans $ 173 $ - $ - $ 173 Other real estate owned 235 - - 235 Total assets at fair value $ 408 $ - $ - $ 408 For Level 3 December 31, 2023 2022, Fair Value at December 31, 2023 Fair Value at December 31, 2022 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Individually Evaluated Loans $ 1,635 $ - Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10% Impaired Loans $ - $ 173 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10% Other Real Estate Owned $ - $ 235 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10%

Note 13 - Deferred Compensation

Note 13 - Deferred Compensation and Supplemental Executive Retirement Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Compensation and Employee Benefit Plans, Other than Share-Based Compensation [Text Block]	Note 13. Deferred compensation plans have been adopted for certain executive officers and members of the Board of Directors for future compensation upon retirement. Under plan provisions aggregate annual payments ranging from $4,268 to $26,791 are payable for ten December 31, 2023 2022, 2023 2022, Supplemental executive retirement plans for certain executive officers were adopted in 2017 2022. December 31, 2023 2022, 2023 2022, Prior to the Cardinal merger, the Bank of Floyd had adopted supplemental executive plans to provide benefits for two December 31, 2023 2022, 2023 2022,

Note 14 - Employee Benefit Plan

Note 14 - Employee Benefit Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	Note 14. Prior to the merger, both Grayson and Floyd had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both Grayson and Floyd plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the merger. A summary of each plan follows: Grayson Plan The following is a summary of the plan’s funded status as of December 31: (dollars in thousands) 2023 2022 Change in benefit obligation Benefit obligation at beginning of year $ 3,187 $ 5,830 Interest cost 142 147 Actuarial gain 92 (1,327 ) Benefits paid (438 ) (1,499 ) Settlement (gain) loss (24 ) 36 Benefit obligation at end of year 2,959 3,187 Change in plan assets Fair value of plan assets at beginning of year 7,168 11,081 Actual return on plan assets 803 (2,414 ) Benefits paid (438 ) (1,499 ) Fair value of plan assets at end of year 7,533 7,168 Funded status at the end of the year $ 4,574 $ 3,981 (dollars in thousands) 2023 2022 Amounts recognized in the Balance Sheet Prepaid benefit cost $ 6,316 $ 6,467 Unrecognized net actuarial loss (1,742 ) (2,486 ) Amount recognized in other assets $ 4,574 $ 3,981 Amounts recognized in accumulated comprehensive loss Unrecognized net actuarial loss $ (1,742 ) $ (2,486 ) Deferred taxes 366 522 Amount recognized in accumulated comprehensive loss, net $ (1,376 ) $ (1,964 ) Prepaid benefit detail Benefit obligation $ (2,959 ) $ (3,187 ) Fair value of assets 7,533 7,168 Unrecognized net actuarial loss 1,742 2,486 Prepaid benefit cost $ 6,316 $ 6,467 Components of net periodic pension cost Interest cost $ 142 $ 147 Expected return on plan assets (478 ) (741 ) Recognized net loss due to settlement 292 216 Recognized net actuarial loss 195 - Net periodic benefit expense $ 151 $ (378 ) Additional disclosure information Accumulated benefit obligation $ 2,959 $ 3,187 Vested benefit obligation $ 2,959 $ 3,187 Discount rate used for net periodic pension cost 5.00 % 2.75 % Discount rate used for disclosure 4.75 % 5.00 % Expected return on plan assets 7.00 % 7.00 % Rate of compensation increase N/A N/A Average remaining service (years) 8 9 Using the same fair value hierarchy described in Note 12, (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Mutual funds – equities $ 3,842 $ 3,842 $ - $ - Mutual funds – fixed income 3,691 3,691 - - Total assets at fair value $ 7,533 $ 7,533 $ - $ - December 31, 2022 Mutual funds – equities $ 3,727 $ 3,727 $ - $ - Mutual funds – fixed income 3,441 3,441 - - Total assets at fair value $ 7,168 $ 7,168 $ - $ - Estimated Future Benefit Payments (dollars in thousands) Pension Benefits 2024 $ 713 2025 61 2026 288 2027 265 2028 156 2029 – 2033 955 $ 2,438 Funding Policy It has been Bank practice to contribute the maximum tax-deductible amount each year as determined by the plan administrator. As a result of prior year contributions exceeding the minimum requirements, a Prefunding Balance existed as of December 31, 2023 no 2024. not 2024. Long-Term Rate of Return The plan sponsor selects the expected long-term rate-of-return-on-assets assumption in consultation with their investment advisors and actuary. This rate is intended to reflect the average rate of earnings expected to be earned on the funds invested or to be invested to provide plan benefits. Historical performance is reviewed – especially with respect to real rates of return (net of inflation) – for the major asset classes held, or anticipated to be held by the trust, and for the trust itself. Undue weight is not may not Because assets are held in a qualified trust, anticipated returns are not not not Asset Allocation The pension plan’s weighted-average asset allocations at December 31, 2023 2022, 2023 2022 Mutual funds – fixed income 49 % 48 % Mutual funds – equity 51 % 52 % Total 100 % 100 % The trust fund is sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return, with a targeted asset allocation of 50 percent fixed income and 50 percent equities. The Investment Manager selects investment fund managers with demonstrated experience and expertise, and funds with demonstrated historical performance, for the implementation of the Plan’s investment strategy. The Investment Manager will consider both actively and passively managed investment strategies and will allocate funds across the asset classes to develop an efficient investment structure. It is the responsibility of the Trustee to administer the investments of the Trust within reasonable costs, being careful to avoid sacrificing quality. These costs include, but are not Floyd Plan The Company participates in the Pentegra Defined Benefit Plan for Financial Institutions (“The Pentegra DB Plan”), a tax-qualified defined-benefit pension plan. The Pentegra DB Plan operates as a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974 no The Pentegra DB Plan is a single plan under Internal Revenue Code Section 413 may Funded Status (market value of plan assets divided by funding target) as of July 1 , 2023 Valuation 2022 Valuation Source Report Report Bank of Floyd Plan 100.09% 105.50% Employer Contributions Plan expenses paid by the Company totaled approximately $37 thousand and $39 thousand for the years ended December 31, 2023 2022, VBA Defined Contribution Plan for Skyline National Bank The Bank has established a qualified defined contribution plan that covers all eligible employees of the Bank who have completed at least three first may December 31, 2023 2022,

Note 15 - Share-based Compensat

Note 15 - Share-based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 15. The Equity Plan was adopted by the Board of Directors of the Company on March 17, 2020 August 18, 2020. The purpose of the Equity Plan is to promote the success of the Company and its subsidiaries by providing incentives to key employees and non-employee directors that will promote the identification of their personal interests with the long-term financial success of the Company and with growth in shareholder value, consistent with the Company’s risk management practices. The Equity Plan is designed to provide flexibility to the Company, including its subsidiaries, in its ability to attract, retain the services of, and motivate key employees and non-employee directors upon whose judgment, interest, and special effort the successful conduct of its operation is largely dependent. No may March 16, 2030 may not December 31, 2023, On February 18, 2022, December 15, 2022, December 15, 2023, December 15, 2024, December 15, 2025, December 15, 2026. December 31, 2023 2022, As of December 31, 2023, Grant Date Fair Value of Restricted Stock that Weighted Vested During Number of Average Grant The Year Shares Date Fair Value (in thousands) Unvested as of December 31, 2021 10,875 $ 11.30 Granted 14,500 13.00 Vested (6,525 ) 12.13 $ 80 Forfeited - - Unvested as of December 31, 2022 18,850 $ 12.38 Granted - - Vested (8,225 ) 12.21 $ 99 Forfeited - - Unvested as of December 31, 2023 10,625 $ 12.54 On December 29, 2023, December 31, 2023, December 31, 2022, December 31, 2022,

Note 16 - Income Taxes

Note 16 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 16. Current and Deferred Income Tax Components The components of income tax expense (substantially all Federal) are as follows: (dollars in thousands) 2023 2022 Current $ 2,431 $ 1,620 Deferred (55 ) 899 $ 2,376 $ 2,519 Rate Reconciliation A reconciliation of income tax expense computed at the statutory federal income tax rate to income tax expense included in the statements of income follows: (dollars in thousands) 2023 2022 Tax at statutory federal rate $ 2,536 $ 2,688 Tax exempt interest income (69 ) (88 ) Tax exempt insurance income (135 ) (153 ) State income tax, net of federal benefit 80 72 Other (36 ) - $ 2,376 $ 2,519 Deferred Income Tax Analysis The significant components of net deferred tax assets (all Federal) at December 31, 2023 2022 (dollars in thousands) 2023 2022 Deferred tax assets Allowance for credit losses $ 1,545 $ 1,347 Acquired loan credit mark 114 145 Deferred compensation 326 302 Investment impairment charge recorded directly to stockholders’ equity as a component of other comprehensive income 44 43 Minimum pension liability 366 522 Net operating loss carryforward 1,221 1,333 Nonaccrual interest income 313 324 Net unrealized losses on securities available for sale 4,775 5,567 Other 4 11 $ 8,708 $ 9,594 Deferred tax liabilities Deferred loan origination costs 707 642 Core deposit intangible 198 277 Accrued pension costs 1,367 1,395 Depreciation 1,326 1,452 Other real estate owned - 51 Accretion of discount on investment securities, net 64 33 $ 3,662 $ 3,850 Net deferred tax asset $ 5,046 $ 5,744 In March 2020, December 31, 2019 The Bank has analyzed the tax positions taken or expected to be taken in its tax returns and concluded it has no 2020 Deferred tax assets or liabilities are initially recognized for differences between the financial statement carrying amount and the tax basis of assets and liabilities which will result in future deductible or taxable amounts and operating loss and tax credit carry-forwards. A valuation allowance is then established, as applicable, to reduce the deferred tax asset to the level at which it is “more likely than not” may 1 2 3 December 31, 2023 2022. not 2031. not.

Note 17 - Transactions With Rel

Note 17 - Transactions With Related Parties	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 17. The Bank has entered into transactions with its directors, significant stockholders and their affiliates (related parties). Such transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing at the same time for comparable transactions with other customers, and did not, Aggregate 2023 2022 (dollars in thousands) 2023 2022 Balance, beginning $ 10,029 $ 9,140 New loans 2,231 4,368 Repayments (2041 ) (3,479 ) Change in relationship (94 ) - Balance, ending $ 10,125 $ 10,029 The Company has accepted deposits during the ordinary course of business from certain directors and executive officers of the Company and from their affiliates and associates. The total amount of these deposits outstanding was $12.5 million, and $15.9 million at December 31, 2023 2022,

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 18. Litigation In the normal course of business, the Bank is involved in various legal proceedings. After consultation with legal counsel, management believes that any liability resulting from such proceedings will not Financial Instruments with Off-Balance Sheet Risk The Bank is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. These instruments involve, to varying degrees, credit risk in excess of the amount recognized in the consolidated balance sheets. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Bank uses the same credit policies in making commitments and conditional obligations as for on-balance sheet instruments. A summary of the Bank’s commitments at December 31, 2023 2022 (dollars in thousands) 2023 2022 Commitments to extend credit $ 195,991 $ 163,250 Standby letters of credit 583 833 $ 196,574 $ 164,083 Commitments to extend credit are agreements to lend to a customer as long as there is no may not may Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third Concentrations of Credit Risk Substantially all of the Bank’s loans, commitments to extend credit, and standby letters of credit have been granted to customers in the Bank’s market area and such customers are generally depositors of the Bank. Investments in state and municipal securities involve governmental entities within and outside the Bank’s market area. The concentrations of credit by type of loan are set forth in Note 4. not

Note 19 - Regulatory Restrictio

Note 19 - Regulatory Restrictions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 19. Dividends The Company’s dividend payments are generally made from dividends received from the Bank. Under applicable federal law, the Comptroller of the Currency restricts national bank total dividend payments in any calendar year to net profits of that year, as defined, combined with retained net profits for the two Intercompany Transactions The Bank’s legal lending limit on loans to the Company is governed by Federal Reserve Act 23A, may not December 31, 2023. No 23A December 31, 2023. Capital Requirements The Bank is subject to various regulatory capital requirements administered by federal and state 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 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. Effective January 1, 2015, 1 1 January 1, 2019, 1 4.5% 1 1 1 6.0% 1 1 8.0% 1 Under Basel III Capital requirements, a capital conservation buffer of 0.625% became effective beginning on January 1, 2016. January 1, 2019 December 31, 2023. The rules also revised the prompt corrective action framework, which is designed to place restrictions on insured depository institutions if their capital levels begin to show signs of weakness. Under the prompt corrective action requirements, which are designed to complement the capital conservation buffer, insured depository institutions are required to meet the following capital level requirements in order to qualify as “well capitalized:” a common equity Tier 1 6.5%; 1 8%; 10%; 1 The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Board’s Small Bank Holding Company Policy Statement, and is not December 31, 2023 2022. January 1, 2015. Actual For Capital Adequacy Purposes To Be Well- Capitalized Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total Capital (to risk weighted assets) $ 104,800 12.49 % $ 67,130 8.00 % $ 83,913 10.00 % Tier 1 Capital (to risk weighted assets) $ 97,659 11.64 % $ 50,348 6.00 % $ 67,130 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 97,659 11.64 % $ 37,761 4.50 % $ 54,543 6.50 % Tier 1 Capital (to average total assets) $ 97,659 9.26 % $ 42,199 4.00 % $ 52,749 5.00 % December 31, 2022 Total Capital (to risk weighted assets) $ 97,172 12.42 % $ 62,592 8.00 % $ 78,240 10.00 % Tier 1 Capital (to risk weighted assets) $ 90,878 11.62 % $ 46,944 6.00 % $ 62,592 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 90,878 11.62 % $ 35,208 4.50 % $ 50,856 6.50 % Tier 1 Capital (to average total assets) $ 90,878 8.79 % $ 41,342 4.00 % $ 51,677 5.00 % On September 17, 2019 In order to qualify for the CBLR framework, a community banking organization must have a Tier 1 not The CBLR framework was available for banks to use in their December 31, 2023 not may

Note 20 - Parent Company Financ

Note 20 - Parent Company Financial Information	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Note 20. Condensed financial information of Skyline Bankshares, Inc. is presented as follows: Balance Sheets December 31, 2023 2022 (dollars in thousands) 2023 2022 Assets Cash and due from banks $ 52 $ 63 Investment in affiliate bank 82,536 72,559 Other assets 337 359 Total assets $ 82,925 $ 72,981 Liabilities Borrowings $ - $ - Other liabilities 43 45 Total liabilities 43 45 Stockholders Equity Common stock - - Surplus 33,356 33,613 Retained earnings 68,866 62,229 Accumulated other comprehensive loss (19,340 ) (22,906 ) Total stockholders’ equity 82,882 72,936 Total liabilities and stockholders’ equity $ 82,925 $ 72,981 Statements of Income For the years ended December 31, 2023 2022 (dollars in thousands) 2023 2022 Income Dividends from affiliate bank $ 2,843 $ 5,346 2,843 5,346 Expenses Interest on borrowings - 178 Share-based compensation 251 179 Management and professional fees 67 68 Other expenses 15 7 333 432 Income before tax benefit and equity in undistributed income of affiliate 2,510 4,914 Federal income tax benefit 69 90 Income before equity in undistributed income of affiliate 2,579 5,004 Equity in undistributed income of affiliate 7,121 5,277 Net income $ 9,700 $ 10,281 Statements of Cash Flows For the years ended December 31, 2023 2022 (dollars in thousands) 2023 2022 Cash flows from operating activities Net income $ 9,700 $ 10,281 Adjustments to reconcile net income to net cash provided by operations: Equity in undistributed income of affiliate (7,121 ) (5,277 ) Share-based compensation 251 179 Change in other assets 22 (2 ) Change in other liabilities (2 ) 7 Net cash provided by operating activities 2,850 5,188 Cash flows from investing activities Investment in affiliate - - Net cash used by investing activities - - Cash flows from financing activities Advance on short-term line of credit - 150 Repayment on short-term line of credit - (3,350 ) Common stock repurchased (508 ) (154 ) Dividends paid (2,353 ) (1,797 ) Net cash used by financing activities (2,861 ) (5,151 ) Net increase (decrease) in cash and cash equivalents (11 ) 37 Cash and cash equivalents, beginning 63 26 Cash and cash equivalents, ending $ 52 $ 63

Note 21 - Subsequent Events

Note 21 - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	Note 21. Subsequent events are events or transactions that occur after the balance sheet date but before financial statements are issued. Recognized subsequent events are events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements. Non-recognized subsequent events are events that provide evidence about conditions that did not The Company has disclosed deposit compositions in Note 9. no no The Company has disclosed its investment portfolio position in Note 3. no Management has reviewed the events occurring through the date the consolidated financial statements were issued and no

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	Item 9B. Other Information. During the fiscal quarter ended December 31, 2023, none 16a 1 1934 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Critical Accounting Policies Management believes the policies with respect to the methodology for the determination of the allowance for credit losses, and asset impairment judgments, such as the recoverability of intangible assets and credit losses on investment securities, involve a higher degree of complexity and require management to make difficult and subjective judgments that often require assumptions or estimates about highly uncertain matters. Changes in these judgments, assumptions or estimates could cause reported results to differ materially. These critical policies and their application are periodically reviewed with the Audit Committee and the Board of Directors.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and the Bank, which is wholly owned. All significant, intercompany transactions and balances have been eliminated in consolidation.
Segment Reporting, Policy [Policy Text Block]	Business Segments The Company reports its activities as a single business segment. In determining the appropriateness of segment definition, the Company considers components of the business about which financial information is available and regularly evaluated relative to resource allocation and performance assessment.
Business Combinations Policy [Policy Text Block]	Business Combinations Generally, acquisitions are accounted for under the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805, Business Combinations one one not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses and the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans. In connection with the determination of the allowances for credit and foreclosed real estate losses, management obtains independent appraisals for significant properties. Substantially all of the Bank’s loan portfolio consists of loans in its market area. Accordingly, the ultimate collectability of a substantial portion of the Bank’s loan portfolio and the recovery of a substantial portion of the carrying amount of foreclosed real estate are susceptible to changes in local market conditions. The regional economy is diverse, but influenced to an extent by the manufacturing and agricultural segments. While management uses available information to recognize loan and foreclosed real estate losses, future additions to the allowances may may may The Company seeks strategies that minimize the tax effect of implementing their business strategies. As such, judgments are made regarding the ultimate consequence of long-term tax planning strategies, including the likelihood of future recognition of deferred tax benefits. The Company’s tax returns are subject to examination by both Federal and State authorities. Such examinations may Accounting for pension benefits, costs and related liabilities are developed using actuarial valuations. These valuations include key assumptions determined by management, including the discount rate and expected long-term rate of return on plan assets. Material changes in pension costs may
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents includes cash and amounts due from banks (including cash items in process of collection), interest-bearing deposits with banks and federal funds sold.
Marketable Securities, Trading Securities [Policy Text Block]	Trading Securities The Company does not not
Marketable Securities, Held-to-maturity Securities [Policy Text Block]	Securities Held to Maturity Bonds, notes, and debentures for which the Company has the positive intent and ability to hold to maturity are reported at amortized cost. The Company does not
Marketable Securities, Available-for-sale Securities [Policy Text Block]	Securities Available for Sale Available for sale securities are reported at fair value and consist of mortgage-backed, U.S. government agencies, corporate, and state and municipal securities not Unrealized holding gains and losses, net of tax, on available for sale securities are reported as a net amount in a separate component of accumulated other comprehensive income. Realized gains and losses on the sale of available for sale securities are determined using the specific-identification method. The amortization of premiums and accretion of discounts are recognized in interest income using the effective interest method over the period to maturity for discounts and the earlier of call date or maturity for premiums.
Adoption of New Accounting Standards [Policy Text Block]	Accounting Standards Adopted in 2023 On January 1, 2023, 2016 13 Financial Instruments Credit Losses (Topic 326 326” no In addition, CECL made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities if management does not not not, The Company adopted ASC 326 January 1, 2023 January 1, 2023 January 1, 2023 The Company adopted ASC 326 January 1, 2023. December 31, 2022, not 326, not The Company elected not 90 The allowance for credit losses is established as losses are estimated to have occurred through a provision for credit losses charged to earnings. Loan losses are charged against the allowance when management believes the loan balance, or a portion thereof, is uncollectable. Subsequent recoveries, if any, are credited to the allowance. The allowance for credit losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The adoption of ASC 326 326 326, 5
Allowance for Credit Loss on Debt Securities [Policy Text Block]	Allowance for Credit Losses Available for Sale Securities For available for sale securities, management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not If either of the above criteria is not may not Changes in the allowance for credit loss are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance for credit loss when management believes an available for sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. At December 31, 2023, no Accrued interest receivable on available for sale debt securities, which is reported in accrued interest receivable on the consolidated balance sheets, totaled $641 thousand at December 31, 2023
Policy Loans Receivable, Policy [Policy Text Block]	Loans Receivable Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of purchase premiums and discounts and deferred fees and costs. Accrued interest receivable related to loans totaled $2.8 million at December 31, 2023 The accrual of interest is generally discontinued when a loan becomes 90 not not not 30 All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not Purchased Credit Deteriorated Loans Upon adoption of ASC 326, In future acquisitions, the Company may no
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Credit Losses Loans The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the loan balance, or a portion thereof, is uncollectable. Expected recoveries do not The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. The allowance for credit losses is estimated by management using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company measures expected credit losses for loans on a pooled basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a Lifetime of Probability of Default / Loss Given Default (“Lifetime PD/LGD”) methodology because of the historical loss information the Company has on its loan portfolio, which is less subjective in nature, than the other methodologies available. In addition, this methodology is less reliant on qualitative factors versus the other methodologies and the previously used incurred loss model. Under this methodology an estimate of probability of default and a lifetime loss rate is applied to the portfolio segment based on the loss history during the economic life cycle of these type of loans. ● Construction and development loans include both commercial and consumer. Commercial loans are made to finance construction of buildings or other structures, as well as to finance the acquisition and development of raw land for various purposes. While the risk of these loans is generally confined to the construction period, if there are problems, the project may not may not ● Farmland loans are loans secured by farmland and improvements thereon, as evidenced by mortgages or other liens. Farmland includes all land known to be used or usable for agricultural purposes, such as crop and livestock production. Farmland includes grazing or pasture land, whether tillable or not not. ● Residential loans are loans secured by first second 1 4 ● Commercial mortgage loans are secured by commercial purpose real estate, including both owner occupied properties and investment properties, for various purposes such as hotels, retail facilities, and office space. Operations of the individual projects as well as global cash flows of the debtors are the primary sources of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the collateral type as well as the business. ● Commercial & agricultural loans are made to operating companies, manufacturers, or farmers for the purpose of production, operating capacity, accounts receivable, inventory or equipment financing. Cash flow from the operations of the borrower is the primary source of repayment for these loans. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the industry of the borrower. Collateral for these types of loans often do not ● Consumer and other loans may 1 4 may Additionally, the allowance for credit losses calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may not 5 12 third Loans that do not Allowance for Credit Losses Unfunded Commitments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for credit losses in the Company’s income statements. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur as well as any third
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Land is carried at cost. Bank premises, furniture and equipment are carried at cost, less accumulated depreciation and amortization computed principally by the straight-line method over the following estimated useful lives: Years Buildings and improvements 40 - 40 Furniture and equipment 5 - 12
Financing Receivable, Held-for-Investment, Foreclosed Asset [Policy Text Block]	Other Real Estate Owned Other real estate owned represents properties acquired through, or in lieu of, loan foreclosure and former branch sites that have been closed and for which there are no
Share-Based Payment Arrangement [Policy Text Block]	Share-Based Compensation The Parkway Acquisition Corp. 2020 March 17, 2020 August 18, 2020. As of December 31, 2023, 15
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]	Pension Plan Prior to the Cardinal merger, both the Bank and Floyd had qualified noncontributory defined benefit pension plans in place which covered substantially all of each bank’s employees. The benefits in each plan are primarily based on years of service and earnings. Both the Bank’s and Floyd’s plans were amended to freeze benefit accruals for all eligible employees prior to the effective date of the Cardinal merger. The Bank’s plan is a single-employer plan, the funded status of which is measured as the difference between the fair value of plan assets and the projected benefit obligation. Floyd’s plan is a multi-employer plan for accounting purposes and is a multiple-employer plan under the Employee Retirement Income Security Act of 1974
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Goodwill arises from business combinations and is generally determined as the excess of fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquire, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a purchase business combination and determined to have an indefinite useful life are not November 1 June 1, 2023. June 1, 2023 no Other intangible assets consist of core deposit intangibles that represent the value of long-term deposit relationships acquired in a business combination. Core deposit intangibles are amortized over the estimated useful lives of the deposit accounts acquired. The core deposit intangible as a result of the Cardinal merger, is amortized over an estimated useful life of twenty seven
Cash Value of Life Insurance [Policy Text Block]	Cash Value of Life Insurance The Bank is owner and beneficiary of life insurance policies on certain current and former employees and directors. The Company records these policies in the consolidated balance sheets at cash surrender value, with changes recorded in noninterest income in the consolidated statements of income.
Lessee, Leases [Policy Text Block]	Leases We have performed an evaluation of our leasing contracts and activities. We have developed our methodology to estimate the right-of use assets and lease liabilities, which is based on the present value of lease payments. There was not 8
Income Tax, Policy [Policy Text Block]	Income Taxes Provision for income taxes is based on amounts reported in the statements of income (after exclusion of non-taxable income such as interest on state and municipal securities) and consists of taxes currently due plus deferred taxes on temporary differences in the recognition of income and expense for tax and financial statement purposes. Deferred tax assets and liabilities are included in the financial statements at currently enacted income tax rates applicable to the period in which the deferred tax assets or liabilities are expected to be realized or settled. As changes in tax laws or rates are enacted, deferred tax assets and liabilities are adjusted through the provision for income taxes. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, not 50 not 50 not not not not
Revenue [Policy Text Block]	Revenue Recognition Service Charges on Deposit Accounts - December 31, 2023 2022 Mortgage Origination Fees December 31, 2023 2022 Other Service Charges and Fees - ● ATM, Credit and Debit Card Fees - December 31, 2023 2022 ● Insurance and Investment - December 31, 2023 2022,
Advertising Cost [Policy Text Block]	Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the years ended December 31, 2023 2022
Earnings Per Share, Policy [Policy Text Block]	Basic Earnings per Share Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding during the period, after giving retroactive effect to stock splits and dividends. For the years ended December 31, 2023 2022, no
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income Comprehensive income consists of net income and other comprehensive income (loss). Other comprehensive income (loss) includes unrealized gains and losses on securities available for sale and changes in the funded status of the pension plan which are also recognized as separate components of equity. The accumulated balances related to each component of other comprehensive income (loss), net of tax, are as follows: (dollars in thousands) Unrealized Gains And Losses On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2021 $ (1,477 ) $ (662 ) $ (2,139 ) Other comprehensive income (loss) before Reclassifications (19,473 ) (1,302 ) (20,775 ) Amounts reclassified from accumulated other comprehensive loss 8 - 8 Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Other comprehensive income before Reclassifications 2,965 588 3,553 Amounts reclassified from accumulated other comprehensive loss 13 - 13 Balance, December 31, 2023 $ (17,964 ) $ (1,376 ) $ (19,340 )
Off-Balance-Sheet Credit Exposure, Policy [Policy Text Block]	Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under line of credit arrangements, commercial letters of credit, and standby letters of credit. Such financial instruments are recorded when they are funded.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments Fair values of financial instruments are estimated using relevant market information and other assumptions, as more fully disclosed in Note 12.
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassification Certain reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation. Net income and stockholders’ equity previously reported were not
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements The following accounting standards may In June 2022, December 15, 2023, not In December 2022, 848 December 31, 2022, December 31, 2024, not December 31, 2021, June 2023. not In July 2023, No. 120, March 24, 2022, 6.B. not In August 2023, No. 121. not In December 2023, December 15, 2024. not not Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Useful Lives of Property, Plant and Equipment [Table Text Block]	Years Buildings and improvements 40 - 40 Furniture and equipment 5 - 12
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(dollars in thousands) Unrealized Gains And Losses On Available for Sale Securities Defined Benefit Pension Items Total Balance, December 31, 2021 $ (1,477 ) $ (662 ) $ (2,139 ) Other comprehensive income (loss) before Reclassifications (19,473 ) (1,302 ) (20,775 ) Amounts reclassified from accumulated other comprehensive loss 8 - 8 Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Other comprehensive income before Reclassifications 2,965 588 3,553 Amounts reclassified from accumulated other comprehensive loss 13 - 13 Balance, December 31, 2023 $ (17,964 ) $ (1,376 ) $ (19,340 )

Note 3 - Investment Securities

Note 3 - Investment Securities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	(dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2023 Available for sale: U.S. Treasury securities $ 2,511 $ - $ (65 ) $ 2,446 U.S. Government agencies 25,165 - (3,727 ) 21,438 Mortgage-backed securities 71,617 - (9,920 ) 61,697 Corporate securities 1,500 - (58 ) 1,442 State and municipal securities 49,336 9 (8,979 ) 40,366 $ 150,129 $ 9 $ (22,749 ) $ 127,389 December 31, 2022 Available for sale: U.S. Treasury securities $ 4,980 $ - $ (146 ) $ 4,834 U.S. Government agencies 25,025 - (4,179 ) 20,846 Mortgage-backed securities 78,755 - (11,485 ) 67,270 Corporate securities 1,500 - - 1,500 State and municipal securities 51,400 16 (10,715 ) 40,701 $ 161,660 $ 16 $ (26,525 ) $ 135,151
Gain (Loss) on Securities [Table Text Block]	Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2023 Available for sale: U.S. Treasury securities $ - $ - $ 2,446 $ (65 ) 2,446 $ (65 ) U.S. Government agencies - - 21,438 (3,727 ) 21,438 (3,727 ) Mortgage-backed securities 5 - 61,692 (9,920 ) 61,697 (9,920 ) Corporate securities 1,442 (58 ) - - 1,442 (58 ) State and municipal securities 1,216 (310 ) 38,181 (8,669 ) 39,397 (8,979 ) Total securities available for sale $ 2,663 $ (368 ) $ 123,757 $ (22,381 ) $ 126,420 $ (22,749 ) December 31, 2022 Available for sale: U.S. Treasury securities $ 4,834 $ (146 ) $ - $ - $ 4,834 $ (146 ) U.S. Government agencies 8,563 (1,227 ) 12,282 (2,952 ) 20,845 (4,179 ) Mortgage-backed securities 27,796 (2,756 ) 39,467 (8,729 ) 67,263 (11,485 ) State and municipal securities 15,234 (2,633 ) 24,492 (8,082 ) 39,726 (10,715 ) Total securities available for sale $ 56,427 $ (6,762 ) $ 76,241 $ (19,763 ) $ 132,668 $ (26,525 )
Schedule of Realized Gain (Loss) [Table Text Block]	(dollars in thousands) 2023 2022 Realized gains $ 12 $ - Realized losses (28 ) (10 ) $ (16 ) $ (10 )
Investments Classified by Contractual Maturity Date [Table Text Block]	(dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 250 $ 256 Due after one year through five years 19,499 18,265 Due after five years through ten years 68,048 58,446 Due after ten years 62,332 50,422 $ 150,129 $ 127,389

Note 4 - Loans Receivable (Tabl

Note 4 - Loans Receivable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) 2023 2022 Real Estate Secured: Construction & development $ 53,473 $ 49,728 Farmland 25,598 23,688 Residential 400,947 358,526 Commercial mortgage 269,666 263,664 Non-Real Estate Secured: Commercial & agricultural 47,681 39,505 Consumer & other 20,339 19,761 Total loans 817,704 754,872 Allowance for credit losses (6,739 ) (6,248 ) Loans, net of allowance for credit losses $ 810,965 $ 748,624

Note 5 - Allowance for Credit_2

Note 5 - Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	(dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total Balance, December 31, 2022 $ 526 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,248 Adjustment to allowance for adoption of ASU 2016-13 408 (108 ) 279 (119 ) 84 48 592 Charge-offs - - - - - (110 ) (110 ) Recoveries 1 50 1 11 16 23 102 Provision (25 ) (47 ) 67 (187 ) 12 87 (93 ) Balance, December 31, 2023 $ 910 $ 154 $ 3,167 $ 1,902 $ 424 $ 182 $ 6,739 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total December 31, 2022 Allowance for loan losses: Beginning Balance $ 484 $ 315 $ 2,521 $ 1,908 $ 321 $ 128 $ 5,677 Charge-offs - - - - (14 ) (114 ) (128 ) Recoveries 3 - 12 8 30 40 93 Provision 39 (56 ) 287 281 (25 ) 80 606 Ending Balance $ 526 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,248 Ending balance: individually evaluated for impairment $ 4 $ - $ - $ - $ - $ - $ 4 Ending balance: collectively evaluated for impairment $ 522 $ 259 $ 2,820 $ 2,197 $ 312 $ 134 $ 6,244 Loans outstanding: Ending Balance $ 49,728 $ 23,688 $ 358,526 $ 263,664 $ 39,505 $ 19,761 $ 754,872 Ending balance: individually evaluated for impairment $ 313 $ - $ - $ 382 $ - $ - $ 695 Ending balance: collectively evaluated for impairment $ 49,415 $ 23,688 $ 358,410 $ 263,194 $ 39,505 $ 19,761 $ 753,973 Ending balance: purchased credit impaired loans $ - $ - $ 116 $ 88 $ - $ - $ 204
Financing Receivable Credit Quality Indicators [Table Text Block]	Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total December 31, 2023 Real Estate Secured: Construction & development $ 53,444 $ - $ - $ 29 $ 53,473 Farmland 23,329 - 737 1,532 25,598 Residential 400,432 213 36 266 400,947 Commercial mortgage 265,441 2,329 202 1,694 269,666 Non-Real Estate Secured: Commercial & agricultural 47,481 - 24 176 47,681 Consumer & other 19,903 - - 436 20,339 Total $ 810,030 $ 2,542 $ 999 $ 4,133 $ 817,704 December 31, 2022 Real Estate Secured: Construction & development $ 49,384 $ - $ - $ 344 $ 49,728 Farmland 21,156 814 468 1,250 23,688 Residential 356,327 947 499 753 358,526 Commercial mortgage 259,529 2,130 153 1,852 263,664 Non-Real Estate Secured: Commercial & agricultural 39,410 13 - 82 39,505 Consumer & other 19,761 - - - 19,761 Total $ 745,567 $ 3,904 $ 1,120 $ 4,281 $ 754,872 Term Loans by Year of Origination Revolving Loans Converted (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving To Term Total Construction & development Pass $ 15,743 $ 8,291 $ 12,945 $ 1,742 $ 2,552 $ 6,492 $ 5,679 $ - $ 53,444 Watch - - - - - - - - - Special Mention - - - - - - - - - Substandard - - 29 - - - - - 29 Total construction & development $ 15,743 $ 8,291 $ 12,974 $ 1,742 $ 2,552 $ 6,492 $ 5,679 $ - $ 53,473 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 4,750 $ 2,376 $ 1,448 $ 2,764 $ 1,365 $ 9,019 $ 1,607 $ - $ 23,329 Watch - - - - - - - - - Special Mention - - - - - 637 100 - 737 Substandard - - - - 8 1,507 17 - 1,532 Total farmland $ 4,750 $ 2,376 $ 1,448 $ 2,764 $ 1,373 $ 11,163 $ 1,724 $ - $ 25,598 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential Pass $ 56,921 $ 99,100 $ 54,974 $ 46,877 $ 17,527 $ 63,461 $ 60,520 $ 1,052 $ 400,432 Watch - - - 213 - - - - 213 Special Mention - - - 9 - 27 - - 36 Substandard - - - - - 252 - 14 266 Total residential $ 56,921 $ 99,100 $ 54,974 $ 47,099 $ 17,527 $ 63,740 $ 60,520 $ 1,066 $ 400,947 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial mortgage Pass $ 36,852 $ 53,022 $ 49,799 $ 41,429 $ 22,069 $ 58,119 $ 4,048 $ 103 $ 265,441 Watch - - - 2,081 - 248 - - 2,329 Special Mention - - - - - 202 - - 202 Substandard - - 86 - - 1,209 399 - 1,694 Total residential $ 36,852 $ 53,022 $ 49,885 $ 43,510 $ 22,069 $ 59,778 $ 4,447 $ 103 $ 269,666 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial & agricultural Pass $ 12,056 $ 6,579 $ 4,931 $ 1,610 $ 573 $ 1,624 $ 20,079 $ 29 $ 47,481 Watch - - - - - - - - - Special Mention - - - - 24 - - - 24 Substandard - 4 - - 25 147 - - 176 Total commercial & agricultural $ 12,056 $ 6,583 $ 4,931 $ 1,610 $ 622 $ 1,771 $ 20,079 $ 29 $ 47,681 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Consumer & other Pass $ 9,836 $ 2,866 $ 2,410 $ 229 $ 799 $ 3,025 $ 738 $ - $ 19,903 Watch - - - - - - - - - Special Mention - - - - - - - - - Substandard - - 397 - - 39 - - 436 Total consumer & other $ 9,836 $ 2,866 $ 2,807 $ 229 $ 799 $ 3,064 $ 738 $ - $ 20,339 Current period gross write-offs $ 27 $ 33 $ 14 $ 8 $ 5 $ 23 $ - $ - $ 110 Total loans Pass $ 136,158 $ 172,234 $ 126,507 $ 94,651 $ 44,885 $ 141,740 $ 92,671 $ 1,184 $ 810,030 Watch - - - 2,294 - 248 - - 2,542 Special Mention - - - 9 24 866 100 - 999 Substandard - 4 512 - 33 3,154 416 14 4,133 Total loans $ 136,158 $ 172,238 $ 127,019 $ 96,954 $ 44,942 $ 146,008 $ 93,187 $ 1,198 $ 817,704 Total Current period gross write-offs $ 27 $ 33 $ 14 $ 8 $ 5 $ 23 $ - $ - $ 110
Financing Receivable, Nonaccrual [Table Text Block]	CECL Incurred Loss December 31, 2023 December 31, 2022 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans Construction & development $ - $ 29 $ 29 $ 344 Farmland 314 86 400 94 Residential - 221 221 565 Commercial mortgage 339 176 515 622 Commercial & agricultural - 130 130 9 Consumer & other 398 38 436 - Total $ 1,051 $ 680 $ 1,731 $ 1,634 (dollars in thousands) 2023 Construction & development $ - Farmland - Residential 16 Commercial mortgage - Commercial & agricultural - Consumer & other 6 Total Loans $ 22
Financing Receivable, Past Due [Table Text Block]	(dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due and Still Accruing Nonaccrual Loans Current Total Loans December 31, 2023 Real Estate Secured: Construction & development $ - $ - $ - $ 29 $ 53,444 $ 53,473 Farmland - - - 400 25,198 25,598 Residential - 45 - 221 400,681 400,947 Commercial mortgage - - - 515 269,151 269,666 Non-Real Estate Secured: Commercial & agricultural 35 - - 130 47,516 47,681 Consumer & other 12 - - 436 19,891 20,339 Total $ 47 $ 45 $ - $ 1,731 $ 815,881 $ 817,704 (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due and Still Accruing Nonaccrual Loans Current Total Loans December 31, 2022 Real Estate Secured: Construction & development $ - $ - $ - $ 344 $ 49,384 $ 49,728 Farmland 4 - - 94 23,590 23,688 Residential 90 137 - 565 357,734 358,526 Commercial mortgage - - - 622 263,042 263,664 Non-Real Estate Secured: Commercial & agricultural - - - 9 39,496 39,505 Consumer & other 5 - - - 19,756 19,761 Total $ 99 $ 137 $ - $ 1,634 $ 753,002 $ 754,872
Collateral Dependent Financing Receivables [Table Text Block]	(dollars in thousands) 2023 Construction & development $ - Farmland - Residential - Commercial mortgage 339 Commercial & agricultural - Consumer & other - Total Loans $ 339
Schedule of Business Acquisition, Carrying Amount of Acquired Loans [Table Text Block]	(dollars in thousands) 2023 2022 Residential $ 99 $ 116 Commercial mortgage 77 88 Outstanding balance $ 176 $ 204 Carrying amount $ 176 $ 204
Impaired Financing Receivables [Table Text Block]	(dollars in thousands) Recorded Investment 1 Unpaid Principal Balance Related Allowance December 31, 2022 With no related allowance recorded: Construction & development $ 203 $ 203 $ - Farmland - - - Residential - - - Commercial mortgage 381 395 - Commercial & agricultural - - - Consumer & other - - - Subtotal 584 598 - With an allowance recorded: Construction & development 119 119 4 Farmland 355 371 15 Residential 1,885 2,043 96 Commercial mortgage 66 66 3 Commercial & agricultural 24 24 1 Consumer & other - - - Subtotal 2,449 2,623 119 Totals: Construction & development 322 322 4 Farmland 355 371 15 Residential 1,885 2,043 96 Commercial mortgage 447 461 3 Commercial & agricultural 24 24 1 Consumer & other - - - Total $ 3,033 $ 3,221 $ 119 December 31, 2022 (dollars in thousands) Average Recorded Investment Interest Income Recognized Construction & development $ 645 $ 55 Farmland 372 23 Residential 2,124 133 Commercial mortgage 464 21 Commercial & agricultural 28 2 Consumer & other - - Total $ 3,633 $ 234
Financing Receivable, Modified [Table Text Block]	Combination Term Extension & Interest Rate Reduction Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Construction & development $ - - % Farmland - - % Residential 592 0.15 % Average interest rate reduced from 8.13% to 6.13%. Added an average of 4.39 years to the life of the loans, which resulted in reduced payment. Commercial mortgage - - % Commercial & agricultural - - % Consumer & other 398 1.96 % Reduced interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 990 Payment Status (Amortized Cost Basis) (dollars in thousands) Current 30-89 Days Past Due 90+ Days Past Due Construction & development $ - $ - $ - Farmland - - - Residential 592 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 398 - - Total $ 990 $ - $ - TDRs identified during the period TDRs identified in the last twelve months that subsequently defaulted (1) (dollars in thousands) Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment Number of contracts Pre- modification outstanding recorded investment Post- modification outstanding recorded investment December 31, 2022 Construction & development - $ - $ - - $ - $ - Farmland - - - - - - Residential 2 79 79 - - - Commercial mortgage 1 403 381 - - - Commercial & agricultural - - - - - - Consumer & other - - - - - - Total 3 $ 482 $ 460 - $ - $ -
Unfunded Loan Commitment [Member]
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	(dollars in thousands) Total Allowance for Credit Losses – Unfunded Commitments Balance, December 31, 2022 $ 46 Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 313 Provision for credit losses - unfunded commitments 43 Balance, December 31, 2023 $ 402

Note 6 - Property and Equipme_2

Note 6 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Property, Plant and Equipment [Table Text Block]	(dollars in thousands) 2023 2022 Land $ 8,478 $ 8,429 Buildings and improvements 25,831 25,835 Furniture and equipment 14,126 13,221 48,435 47,485 Less accumulated depreciation (17,252 ) (15,732 ) $ 31,183 $ 31,753

Note 7 - Goodwill and Intangi_2

Note 7 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	(dollars in thousands) 2023 2022 Beginning of year $ 3,257 $ 3,257 Impairment - - End of the period $ 3,257 $ 3,257
Schedule of Finite-Lived Intangible Assets [Table Text Block]	(dollars in thousands) 2023 2022 Balance at beginning of year, net $ 1,286 $ 1,764 Amortization expense (369 ) (478 ) Net book value $ 917 $ 1,286
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(dollars in thousands) For the year ended December 31, 2024 $ 262 For the year ended December 31, 2025 154 For the year ended December 31, 2026 96 For the year ended December 31, 2027 81 For the year ended December 31, 2028 68 Thereafter 256 Total $ 917

Note 8 - Leases (Tables)

Note 8 - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	(dollars in thousands) 2023 2022 Lease liabilities $ 1,983 $ 739 Right-of-use assets $ 2,073 $ 739 Weighted average remaining lease term (years) 7.45 5.59 Weighted average discount rate 3.98 % 2.75 % (dollars in thousands) 2023 2022 Lease Expense Operating lease expense $ 273 $ 158 Short-term lease expense 17 8 Total lease expense $ 290 $ 166 Cash paid for amounts included in lease liabilities $ 268 $ 158
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	(dollars in thousands) Twelve months ending December 31, 2024 $ 388 Twelve months ending December 31, 2025 352 Twelve months ending December 31, 2026 293 Twelve months ending December 31, 2027 257 Twelve months ending December 31, 2028 231 Thereafter 798 Total undiscounted cash flows $ 2,319 Less discount (336 ) Lease liabilities $ 1,983

Note 9 - Deposits (Tables)

Note 9 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Deposit Liabilities, Type [Table Text Block]	(dollars in thousands) 2023 2022 Interest-bearing deposits: Interest-bearing demand deposit accounts $ 136,305 $ 144,540 Money market 70,669 87,012 Savings 152,666 194,723 Time deposits 263,987 183,542 Total interest-bearing deposits 623,627 609,817 Noninterest-bearing deposits 305,115 310,510 Total deposits $ 928,742 $ 920,327
Time Deposit Maturities [Table Text Block]	2024 $ 225,658 2025 19,197 2026 9,171 2027 5,894 2028 4,067 After Five Years - Total $ 263,987

Note 12 - Financial Instrumen_2

Note 12 - Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements (dollars in thousands) Carrying Amount Fair Value Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) December 31, 2023 Financial Instruments – Assets Net Loans $ 810,965 $ 775,246 $ - $ - $ 775,246 Financial Instruments – Liabilities Time Deposits 263,987 260,590 - 260,590 - FHLB Advances 25,000 24,999 - 24,999 - Federal Reserve’s Bank Term Funding Program Advances 2,500 2,500 - 2,500 - December 31, 2022 Financial Instruments – Assets Net Loans $ 748,624 $ 702,549 $ - $ - $ 702,549 Financial Instruments – Liabilities Time Deposits 183,542 181,525 - 181,525 -
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Investment securities available for sale U.S. Treasury securities $ 2,446 $ - $ 2,446 $ - U.S. Government agencies 21,438 - 21,438 - Mortgage-backed securities 61,697 - 61,697 - Corporate securities 1,442 - 1,442 - State and municipal securities 40,366 - 40,366 - Total assets at fair value $ 127,389 $ - $ 127,389 $ - December 31, 2022 Investment securities available for sale U.S. Treasury securities $ 4,834 $ - $ 4,834 $ - U.S. Government agencies 20,846 - 20,846 - Mortgage-backed securities 67,270 - 67,270 - Corporate securities 1,500 - 1,500 - State and municipal securities 40,701 - 40,701 - Total assets at fair value $ 135,151 $ - $ 135,151 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Individually evaluated loans $ 1,635 $ - $ - $ 1,635 Other real estate owned - - - - Total assets at fair value $ 1,635 $ - $ - $ 1,635 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2022 Impaired loans $ 173 $ - $ - $ 173 Other real estate owned 235 - - 235 Total assets at fair value $ 408 $ - $ - $ 408
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value at December 31, 2023 Fair Value at December 31, 2022 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Individually Evaluated Loans $ 1,635 $ - Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10% Impaired Loans $ - $ 173 Appraised Value/Discounted Cash Flows/Market Value of Note Discounts to reflect current market conditions, ultimate collectability, and estimated costs to sell 0 – 10% Other Real Estate Owned $ - $ 235 Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 – 10%

Note 14 - Employee Benefit Pl_2

Note 14 - Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	(dollars in thousands) 2023 2022 Change in benefit obligation Benefit obligation at beginning of year $ 3,187 $ 5,830 Interest cost 142 147 Actuarial gain 92 (1,327 ) Benefits paid (438 ) (1,499 ) Settlement (gain) loss (24 ) 36 Benefit obligation at end of year 2,959 3,187 Change in plan assets Fair value of plan assets at beginning of year 7,168 11,081 Actual return on plan assets 803 (2,414 ) Benefits paid (438 ) (1,499 ) Fair value of plan assets at end of year 7,533 7,168 Funded status at the end of the year $ 4,574 $ 3,981
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	(dollars in thousands) 2023 2022 Amounts recognized in the Balance Sheet Prepaid benefit cost $ 6,316 $ 6,467 Unrecognized net actuarial loss (1,742 ) (2,486 ) Amount recognized in other assets $ 4,574 $ 3,981 Amounts recognized in accumulated comprehensive loss Unrecognized net actuarial loss $ (1,742 ) $ (2,486 ) Deferred taxes 366 522 Amount recognized in accumulated comprehensive loss, net $ (1,376 ) $ (1,964 ) Prepaid benefit detail Benefit obligation $ (2,959 ) $ (3,187 ) Fair value of assets 7,533 7,168 Unrecognized net actuarial loss 1,742 2,486 Prepaid benefit cost $ 6,316 $ 6,467 Components of net periodic pension cost Interest cost $ 142 $ 147 Expected return on plan assets (478 ) (741 ) Recognized net loss due to settlement 292 216 Recognized net actuarial loss 195 - Net periodic benefit expense $ 151 $ (378 ) Additional disclosure information Accumulated benefit obligation $ 2,959 $ 3,187 Vested benefit obligation $ 2,959 $ 3,187 Discount rate used for net periodic pension cost 5.00 % 2.75 % Discount rate used for disclosure 4.75 % 5.00 % Expected return on plan assets 7.00 % 7.00 % Rate of compensation increase N/A N/A Average remaining service (years) 8 9
Schedule of Allocation of Plan Assets [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Mutual funds – equities $ 3,842 $ 3,842 $ - $ - Mutual funds – fixed income 3,691 3,691 - - Total assets at fair value $ 7,533 $ 7,533 $ - $ - December 31, 2022 Mutual funds – equities $ 3,727 $ 3,727 $ - $ - Mutual funds – fixed income 3,441 3,441 - - Total assets at fair value $ 7,168 $ 7,168 $ - $ -
Schedule of Expected Benefit Payments [Table Text Block]	(dollars in thousands) Pension Benefits 2024 $ 713 2025 61 2026 288 2027 265 2028 156 2029 – 2033 955 $ 2,438
Schedule of Weighted Average Number of Shares [Table Text Block]	2023 2022 Mutual funds – fixed income 49 % 48 % Mutual funds – equity 51 % 52 % Total 100 % 100 %
Schedule of Net Funded Status [Table Text Block]	2023 Valuation 2022 Valuation Source Report Report Bank of Floyd Plan 100.09% 105.50%

Note 15 - Share-based Compens_2

Note 15 - Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Nonvested Restricted Stock Shares Activity [Table Text Block]	Grant Date Fair Value of Restricted Stock that Weighted Vested During Number of Average Grant The Year Shares Date Fair Value (in thousands) Unvested as of December 31, 2021 10,875 $ 11.30 Granted 14,500 13.00 Vested (6,525 ) 12.13 $ 80 Forfeited - - Unvested as of December 31, 2022 18,850 $ 12.38 Granted - - Vested (8,225 ) 12.21 $ 99 Forfeited - - Unvested as of December 31, 2023 10,625 $ 12.54

Note 16 - Income Taxes (Tables)

Note 16 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	(dollars in thousands) 2023 2022 Current $ 2,431 $ 1,620 Deferred (55 ) 899 $ 2,376 $ 2,519
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	(dollars in thousands) 2023 2022 Tax at statutory federal rate $ 2,536 $ 2,688 Tax exempt interest income (69 ) (88 ) Tax exempt insurance income (135 ) (153 ) State income tax, net of federal benefit 80 72 Other (36 ) - $ 2,376 $ 2,519
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	(dollars in thousands) 2023 2022 Deferred tax assets Allowance for credit losses $ 1,545 $ 1,347 Acquired loan credit mark 114 145 Deferred compensation 326 302 Investment impairment charge recorded directly to stockholders’ equity as a component of other comprehensive income 44 43 Minimum pension liability 366 522 Net operating loss carryforward 1,221 1,333 Nonaccrual interest income 313 324 Net unrealized losses on securities available for sale 4,775 5,567 Other 4 11 $ 8,708 $ 9,594 Deferred tax liabilities Deferred loan origination costs 707 642 Core deposit intangible 198 277 Accrued pension costs 1,367 1,395 Depreciation 1,326 1,452 Other real estate owned - 51 Accretion of discount on investment securities, net 64 33 $ 3,662 $ 3,850 Net deferred tax asset $ 5,046 $ 5,744

Note 17 - Transactions With R_2

Note 17 - Transactions With Related Parties (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Related Party Transactions [Table Text Block]	(dollars in thousands) 2023 2022 Balance, beginning $ 10,029 $ 9,140 New loans 2,231 4,368 Repayments (2041 ) (3,479 ) Change in relationship (94 ) - Balance, ending $ 10,125 $ 10,029

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	(dollars in thousands) 2023 2022 Commitments to extend credit $ 195,991 $ 163,250 Standby letters of credit 583 833 $ 196,574 $ 164,083

Note 19 - Regulatory Restrict_2

Note 19 - Regulatory Restrictions (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual For Capital Adequacy Purposes To Be Well- Capitalized Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total Capital (to risk weighted assets) $ 104,800 12.49 % $ 67,130 8.00 % $ 83,913 10.00 % Tier 1 Capital (to risk weighted assets) $ 97,659 11.64 % $ 50,348 6.00 % $ 67,130 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 97,659 11.64 % $ 37,761 4.50 % $ 54,543 6.50 % Tier 1 Capital (to average total assets) $ 97,659 9.26 % $ 42,199 4.00 % $ 52,749 5.00 % December 31, 2022 Total Capital (to risk weighted assets) $ 97,172 12.42 % $ 62,592 8.00 % $ 78,240 10.00 % Tier 1 Capital (to risk weighted assets) $ 90,878 11.62 % $ 46,944 6.00 % $ 62,592 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 90,878 11.62 % $ 35,208 4.50 % $ 50,856 6.50 % Tier 1 Capital (to average total assets) $ 90,878 8.79 % $ 41,342 4.00 % $ 51,677 5.00 %

Note 20 - Parent Company Fina_2

Note 20 - Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Condensed Balance Sheet [Table Text Block]	(dollars in thousands) 2023 2022 Assets Cash and due from banks $ 52 $ 63 Investment in affiliate bank 82,536 72,559 Other assets 337 359 Total assets $ 82,925 $ 72,981 Liabilities Borrowings $ - $ - Other liabilities 43 45 Total liabilities 43 45 Stockholders Equity Common stock - - Surplus 33,356 33,613 Retained earnings 68,866 62,229 Accumulated other comprehensive loss (19,340 ) (22,906 ) Total stockholders’ equity 82,882 72,936 Total liabilities and stockholders’ equity $ 82,925 $ 72,981
Condensed Income Statement [Table Text Block]	(dollars in thousands) 2023 2022 Income Dividends from affiliate bank $ 2,843 $ 5,346 2,843 5,346 Expenses Interest on borrowings - 178 Share-based compensation 251 179 Management and professional fees 67 68 Other expenses 15 7 333 432 Income before tax benefit and equity in undistributed income of affiliate 2,510 4,914 Federal income tax benefit 69 90 Income before equity in undistributed income of affiliate 2,579 5,004 Equity in undistributed income of affiliate 7,121 5,277 Net income $ 9,700 $ 10,281
Condensed Cash Flow Statement [Table Text Block]	(dollars in thousands) 2023 2022 Cash flows from operating activities Net income $ 9,700 $ 10,281 Adjustments to reconcile net income to net cash provided by operations: Equity in undistributed income of affiliate (7,121 ) (5,277 ) Share-based compensation 251 179 Change in other assets 22 (2 ) Change in other liabilities (2 ) 7 Net cash provided by operating activities 2,850 5,188 Cash flows from investing activities Investment in affiliate - - Net cash used by investing activities - - Cash flows from financing activities Advance on short-term line of credit - 150 Repayment on short-term line of credit - (3,350 ) Common stock repurchased (508 ) (154 ) Dividends paid (2,353 ) (1,797 ) Net cash used by financing activities (2,861 ) (5,151 ) Net increase (decrease) in cash and cash equivalents (11 ) 37 Cash and cash equivalents, beginning 63 26 Cash and cash equivalents, ending $ 52 $ 63

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Jan. 01, 2023	Dec. 31, 2023	Dec. 31, 2022
Retained Earnings (Accumulated Deficit)		$ 68,866	$ 62,229
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss		641
Financing Receivable, Accrued Interest, after Allowance for Credit Loss		2,800	2,600
Fees, Credit and Debit Cards		2,900	2,800
Insurance Services Revenue		52	56
Advertising Expense		768	657
Service Charge on Deposit Accounts [Member]
Revenue from Contract with Customer, Including Assessed Tax		2,200	1,900
Mortgage Banking [Member]
Revenue from Contract with Customer, Including Assessed Tax		$ 255	$ 399
Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)		20 years
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	$ 592
Retained Earnings (Accumulated Deficit)	(710)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member] | Unfunded Loan Commitment [Member]
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease)	$ 313

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Property and Equipment Useful Lives (Details)	Dec. 31, 2023
Building and Building Improvements [Member] | Minimum [Member]
Property and equipment useful life (Year)	40 years
Building and Building Improvements [Member] | Maximum [Member]
Property and equipment useful life (Year)	40 years
Furniture and Equipment [Member] | Minimum [Member]
Property and equipment useful life (Year)	5 years
Furniture and Equipment [Member] | Maximum [Member]
Property and equipment useful life (Year)	12 years

Note 1 - Organization and Sum_5

Note 1 - Organization and Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 72,936	$ 85,194
Balance	82,882	72,936
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	(20,942)	(1,477)
Other comprehensive income (loss) before Reclassifications	2,965	(19,473)
Amounts reclassified from accumulated other comprehensive loss	13	8
Balance	(17,964)	(20,942)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(1,964)	(662)
Other comprehensive income (loss) before Reclassifications	588	(1,302)
Amounts reclassified from accumulated other comprehensive loss	0	0
Balance	(1,376)	(1,964)
AOCI Attributable to Parent [Member]
Balance	(22,906)	(2,139)
Other comprehensive income (loss) before Reclassifications	3,553	(20,775)
Amounts reclassified from accumulated other comprehensive loss	13	8
Balance	$ (19,340)	$ (22,906)

Note 2 - Restrictions on Cash (

Note 2 - Restrictions on Cash (Details Textual) - USD ($) Pure in Thousands, $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Mar. 26, 2020
Reserve Requirements with Federal Reserve, Reserve Requirement Ratio			0%
Reserve Requirements with Federal Reserve	$ 0	$ 0

Note 3 - Investment Securitie_2

Note 3 - Investment Securities (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Restricted Investments	$ 3,338	$ 1,950
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	81
Percentage of Debt Securities with Unrealized Losses Depreciated	15.25%
Proceeds from Sale of Debt Securities, Available-for-Sale	$ 4,427	2,507
Proceeds from Calls of Debt Securities, Available-for-sale	0	1,700
Deposit Liabilities, Collateral Issued, Financial Instruments	$ 36,000	$ 33,700

Note 3 - Investment Securitie_3

Note 3 - Investment Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Amortized cost	$ 150,129	$ 161,660
Unrealized gains	9	16
Unrealized losses	(22,749)	(26,525)
Investment securities available for sale	127,389	135,151
US Treasury Securities [Member]
Amortized cost	2,511	4,980
Unrealized gains	0	0
Unrealized losses	(65)	(146)
Investment securities available for sale	2,446	4,834
US Government Agencies Debt Securities [Member]
Amortized cost	25,165	25,025
Unrealized gains	0	0
Unrealized losses	(3,727)	(4,179)
Investment securities available for sale	21,438	20,846
Collateralized Mortgage-Backed Securities [Member]
Amortized cost	71,617	78,755
Unrealized gains	0	0
Unrealized losses	(9,920)	(11,485)
Investment securities available for sale	61,697	67,270
Corporate Debt Securities [Member]
Amortized cost	1,500	1,500
Unrealized gains	0	0
Unrealized losses	(58)	0
Investment securities available for sale	1,442	1,500
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	49,336	51,400
Unrealized gains	9	16
Unrealized losses	(8,979)	(10,715)
Investment securities available for sale	$ 40,366	$ 40,701

Note 3 - Investment Securitie_4

Note 3 - Investment Securities - Continuous Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Less than 12 months, fair value	$ 2,663	$ 56,427
Less than 12 months, unrealized losses	(368)	(6,762)
12 months or more, fair value	123,757	76,241
12 months or more, unrealized losses	(22,381)	(19,763)
Fair value	126,420	132,668
Unrealized losses	(22,749)	(26,525)
Fair value	126,420	132,668
US Treasury Securities [Member]
Less than 12 months, fair value	0	4,834
Less than 12 months, unrealized losses	0	(146)
12 months or more, fair value	2,446	0
12 months or more, unrealized losses	(65)	0
Fair value	2,446	4,834
Unrealized losses	(65)	(146)
Fair value	2,446	4,834
US Government Agencies Debt Securities [Member]
Less than 12 months, fair value	0	8,563
Less than 12 months, unrealized losses	0	(1,227)
12 months or more, fair value	21,438	12,282
12 months or more, unrealized losses	(3,727)	(2,952)
Fair value	21,438	20,845
Unrealized losses	(3,727)	(4,179)
Fair value	21,438	20,845
Collateralized Mortgage-Backed Securities [Member]
Less than 12 months, fair value	5	27,796
Less than 12 months, unrealized losses	0	(2,756)
12 months or more, fair value	61,692	39,467
12 months or more, unrealized losses	(9,920)	(8,729)
Fair value	61,697	67,263
Unrealized losses	(9,920)	(11,485)
Fair value	61,697	67,263
Corporate Debt Securities [Member]
Less than 12 months, fair value	1,442
Less than 12 months, unrealized losses	(58)
12 months or more, fair value	0
12 months or more, unrealized losses	0
Fair value	1,442
Unrealized losses	(58)
Fair value	1,442
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	1,216	15,234
Less than 12 months, unrealized losses	(310)	(2,633)
12 months or more, fair value	38,181	24,492
12 months or more, unrealized losses	(8,669)	(8,082)
Fair value	39,397	39,726
Unrealized losses	(8,979)	(10,715)
Fair value	$ 39,397	$ 39,726

Note 3 - Investment Securitie_5

Note 3 - Investment Securities - Realized Gains and Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Realized gains	$ 12	$ 0
Realized losses	(28)	(10)
Debt Securities, Available-for-Sale, Realized Gain (Loss)	$ (16)	$ (10)

Note 3 - Investment Securitie_6

Note 3 - Investment Securities - Maturities of Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Due in one year or less, amortized cost	$ 250
Due in one year or less, fair value	256
Due after one year through five years, amortized cost	19,499
Due after one year through five years, fair value	18,265
Due after five years through ten years, amortized cost	68,048
Due after five years through ten years, fair value	58,446
Due after ten years, amortized cost	62,332
Due after ten years, fair value	50,422
Amortized cost	150,129	$ 161,660
Fair value	$ 127,389	$ 135,151

Note 4 - Loans Receivable (Deta

Note 4 - Loans Receivable (Details Textual) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Deferred Commitment Fee	$ 1.4	$ 1.1
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)	4.7	4.1
Financing Receivable, Accrued Interest, after Allowance for Credit Loss	$ 2.8	$ 2.6

Note 4 - Loans Receivable - Com

Note 4 - Loans Receivable - Components of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Loans receivable	$ 817,704	$ 754,872
Allowance for credit losses	(6,739)	(6,248)	$ (5,677)
Loans, net of allowance for credit losses	810,965	748,624
Construction and Development Loan [Member]
Loans receivable	53,473	49,728
Allowance for credit losses	(910)	(526)	(484)
Farmland Loan [Member]
Loans receivable	25,598	23,688
Allowance for credit losses	(154)	(259)	(315)
Residential Loan [Member]
Loans receivable	400,947	358,526
Allowance for credit losses	(3,167)	(2,820)	(2,521)
Commercial Mortgage Loan [Member]
Loans receivable	269,666	263,664
Allowance for credit losses	(1,902)	(2,197)	(1,908)
Commercial and Agricultural Loan [Member]
Loans receivable	47,681	39,505
Allowance for credit losses	(424)	(312)	(321)
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	47,681	39,505
Consumer and Other Loan [Member]
Loans receivable	20,339	19,761
Allowance for credit losses	$ (182)	$ (134)	$ (128)

Note 5 - Allowance for Credit_3

Note 5 - Allowance for Credit Losses (Details Textual) $ in Thousands		12 Months Ended
		Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable, Credit Loss, Expense (Reversal)		$ (93)	$ 606
Financing Receivable, Purchased with Credit Deterioration, Amount at Purchase Price		$ 0	0
Impaired Financing Receivable, Recorded Investment	[1]		3,033
Impaired Financing Receivable, with No Related Allowance, Recorded Investment	[1]		584
Financing Receivable, Modified, Accumulated			3,000
Financing Receivable, Troubled Debt Restructuring, Collectively Evaluated for impairment			2,300
Financing Receivable, Troubled Debt Restructuring, Related Allowance			$ 115
Financing Receivable, Troubled Debt Restructuring, Subsequent Default, Number of Contracts		0	0
Financing Receivable, Modifications, Number of Contracts			3
Collateral Pledged [Member]
Impaired Financing Receivable, Recorded Investment			$ 695
Unallocated Financing Receivables [Member]
Financing Receivable, Credit Loss, Expense (Reversal)			$ 0
[1]Recorded investment is the loan balance, net of any charge-offs

Note 5 - Allowance for Credit_4

Note 5 - Allowance for Credit Losses - Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 6,248	$ 5,677
Charge-offs	(110)	(128)
Recoveries	102	93
Financing Receivable, Credit Loss, Expense (Reversal)	(93)	606
Balance	6,739	6,248
Ending balance: individually evaluated for impairment		4
Ending balance: collectively evaluated for impairment		6,244
Ending Balance	817,704	754,872
Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance	176	204
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	592
Balance		592
Construction and Development Loan [Member]
Balance	526	484
Charge-offs	0	0
Recoveries	1	3
Financing Receivable, Credit Loss, Expense (Reversal)	(25)	39
Balance	910	526
Ending balance: individually evaluated for impairment		4
Ending balance: collectively evaluated for impairment		522
Ending Balance	53,473	49,728
Ending balance: individually evaluated for impairment		313
Ending balance: collectively evaluated for impairment		49,415
Construction and Development Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance		0
Construction and Development Loan [Member] | Excluding SBA-PPP Loans [Member]
Ending Balance		49,728
Construction and Development Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	408
Balance		408
Farmland Loan [Member]
Balance	259	315
Charge-offs	0	0
Recoveries	50	0
Financing Receivable, Credit Loss, Expense (Reversal)	(47)	(56)
Balance	154	259
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		259
Ending Balance	25,598	23,688
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		23,688
Farmland Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance		0
Farmland Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	(108)
Balance		(108)
Residential Loan [Member]
Balance	2,820	2,521
Charge-offs	0
Recoveries	1	12
Financing Receivable, Credit Loss, Expense (Reversal)	67	287
Balance	3,167	2,820
Ending balance: collectively evaluated for impairment		2,820
Ending Balance	400,947	358,526
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		358,410
Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance	99	116
Residential Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	279
Balance		279
Commercial Mortgage Loan [Member]
Balance	2,197	1,908
Charge-offs	0	0
Recoveries	11	8
Financing Receivable, Credit Loss, Expense (Reversal)	(187)	281
Balance	1,902	2,197
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		2,197
Ending Balance	269,666	263,664
Ending balance: individually evaluated for impairment		382
Ending balance: collectively evaluated for impairment		263,194
Commercial Mortgage Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance	77	88
Commercial Mortgage Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	(119)
Balance		(119)
Commercial and Agricultural Loan [Member]
Balance	312	321
Charge-offs	0	(14)
Recoveries	16	30
Financing Receivable, Credit Loss, Expense (Reversal)	12	(25)
Balance	424	312
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		312
Ending Balance	47,681	39,505
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		39,505
Commercial and Agricultural Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance		0
Commercial and Agricultural Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	84
Balance		84
Consumer and Other Loan [Member]
Balance	134	128
Charge-offs	(110)	(114)
Recoveries	23	40
Financing Receivable, Credit Loss, Expense (Reversal)	87	80
Balance	182	134
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		134
Ending Balance	20,339	19,761
Ending balance: individually evaluated for impairment		0
Ending balance: collectively evaluated for impairment		19,761
Consumer and Other Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance		0
Consumer and Other Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	$ 48
Balance		48
Loans Excluding SBA PPP Loans [Member]
Ending Balance		754,872
Ending balance: individually evaluated for impairment		695
Ending balance: collectively evaluated for impairment		753,973
Loans Excluding SBA PPP Loans [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Ending Balance		$ 204

Note 5 - Allowance for Credit_5

Note 5 - Allowance for Credit Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 817,704	$ 754,872
Originated current year	136,158
Originated prior year	172,238
Originated two years prior	127,019
Originated three years prior	96,954
Originated four years prior	44,942
Originated years prior	146,008
Revolving	93,187
Revolving converted to term	1,198
Originated current year, write-offs	27
Originated prior year, write-offs	33
Originated two years prior, write-offs	14
Originated three years prior, write-offs	8
Originated four years prior, write-offs	5
Originated years prior, write-offs	23
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	110	128
Construction and Development Loan [Member]
Loans receivable	53,473	49,728
Originated current year	15,743
Originated prior year	8,291
Originated two years prior	12,974
Originated three years prior	1,742
Originated four years prior	2,552
Originated years prior	6,492
Revolving	5,679
Revolving converted to term	0
Originated current year, write-offs	0
Originated prior year, write-offs	0
Originated two years prior, write-offs	0
Originated three years prior, write-offs	0
Originated four years prior, write-offs	0
Originated years prior, write-offs	0
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	0	0
Farmland Loan [Member]
Loans receivable	25,598	23,688
Originated current year	4,750
Originated prior year	2,376
Originated two years prior	1,448
Originated three years prior	2,764
Originated four years prior	1,373
Originated years prior	11,163
Revolving	1,724
Revolving converted to term	0
Originated current year, write-offs	0
Originated prior year, write-offs	0
Originated two years prior, write-offs	0
Originated three years prior, write-offs	0
Originated four years prior, write-offs	0
Originated years prior, write-offs	0
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	0	0
Residential Loan [Member]
Loans receivable	400,947	358,526
Originated current year	56,921
Originated prior year	99,100
Originated two years prior	54,974
Originated three years prior	47,099
Originated four years prior	17,527
Originated years prior	63,740
Revolving	60,520
Revolving converted to term	1,066
Originated current year, write-offs	0
Originated prior year, write-offs	0
Originated two years prior, write-offs	0
Originated three years prior, write-offs	0
Originated four years prior, write-offs	0
Originated years prior, write-offs	0
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	0
Commercial Mortgage Loan [Member]
Loans receivable	269,666	263,664
Originated current year	36,852
Originated prior year	53,022
Originated two years prior	49,885
Originated three years prior	43,510
Originated four years prior	22,069
Originated years prior	59,778
Revolving	4,447
Revolving converted to term	103
Originated current year, write-offs	0
Originated prior year, write-offs	0
Originated two years prior, write-offs	0
Originated three years prior, write-offs	0
Originated four years prior, write-offs	0
Originated years prior, write-offs	0
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	0	0
Commercial and Agricultural Loan [Member]
Loans receivable	47,681	39,505
Originated current year	12,056
Originated prior year	6,583
Originated two years prior	4,931
Originated three years prior	1,610
Originated four years prior	622
Originated years prior	1,771
Revolving	20,079
Revolving converted to term	29
Originated current year, write-offs	0
Originated prior year, write-offs	0
Originated two years prior, write-offs	0
Originated three years prior, write-offs	0
Originated four years prior, write-offs	0
Originated years prior, write-offs	0
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	0	14
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	47,681	39,505
Consumer and Other Loan [Member]
Loans receivable	20,339	19,761
Originated current year	9,836
Originated prior year	2,866
Originated two years prior	2,807
Originated three years prior	229
Originated four years prior	799
Originated years prior	3,064
Revolving	738
Revolving converted to term	0
Originated current year, write-offs	27
Originated prior year, write-offs	33
Originated two years prior, write-offs	14
Originated three years prior, write-offs	8
Originated four years prior, write-offs	5
Originated years prior, write-offs	23
Revolving, write-offs	0
Revolving converted to term, write-offs	0
Current period gross write-offs	110	114
Pass [Member]
Loans receivable	810,030	745,567
Originated current year	136,158
Originated prior year	172,234
Originated two years prior	126,507
Originated three years prior	94,651
Originated four years prior	44,885
Originated years prior	141,740
Revolving	92,671
Revolving converted to term	1,184
Pass [Member] | Construction and Development Loan [Member]
Loans receivable	53,444	49,384
Originated current year	15,743
Originated prior year	8,291
Originated two years prior	12,945
Originated three years prior	1,742
Originated four years prior	2,552
Originated years prior	6,492
Revolving	5,679
Revolving converted to term	0
Pass [Member] | Farmland Loan [Member]
Loans receivable	23,329	21,156
Originated current year	4,750
Originated prior year	2,376
Originated two years prior	1,448
Originated three years prior	2,764
Originated four years prior	1,365
Originated years prior	9,019
Revolving	1,607
Revolving converted to term	0
Pass [Member] | Residential Loan [Member]
Loans receivable	400,432	356,327
Originated current year	56,921
Originated prior year	99,100
Originated two years prior	54,974
Originated three years prior	46,877
Originated four years prior	17,527
Originated years prior	63,461
Revolving	60,520
Revolving converted to term	1,052
Pass [Member] | Commercial Mortgage Loan [Member]
Loans receivable	265,441	259,529
Originated current year	36,852
Originated prior year	53,022
Originated two years prior	49,799
Originated three years prior	41,429
Originated four years prior	22,069
Originated years prior	58,119
Revolving	4,048
Revolving converted to term	103
Pass [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	47,481
Originated current year	12,056
Originated prior year	6,579
Originated two years prior	4,931
Originated three years prior	1,610
Originated four years prior	573
Originated years prior	1,624
Revolving	20,079
Revolving converted to term	29
Pass [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		39,410
Pass [Member] | Consumer and Other Loan [Member]
Loans receivable	19,903	19,761
Originated current year	9,836
Originated prior year	2,866
Originated two years prior	2,410
Originated three years prior	229
Originated four years prior	799
Originated years prior	3,025
Revolving	738
Revolving converted to term	0
Watch [Member]
Loans receivable	2,542	3,904
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	2,294
Originated four years prior	0
Originated years prior	248
Revolving	0
Revolving converted to term	0
Watch [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Watch [Member] | Farmland Loan [Member]
Loans receivable	0	814
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Watch [Member] | Residential Loan [Member]
Loans receivable	213	947
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	213
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Watch [Member] | Commercial Mortgage Loan [Member]
Loans receivable	2,329	2,130
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	2,081
Originated four years prior	0
Originated years prior	248
Revolving	0
Revolving converted to term	0
Watch [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	0
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Watch [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		13
Watch [Member] | Consumer and Other Loan [Member]
Loans receivable	0	0
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Special Mention [Member]
Loans receivable	999	1,120
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	9
Originated four years prior	24
Originated years prior	866
Revolving	100
Revolving converted to term	0
Special Mention [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Special Mention [Member] | Farmland Loan [Member]
Loans receivable	737	468
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	637
Revolving	100
Revolving converted to term	0
Special Mention [Member] | Residential Loan [Member]
Loans receivable	36	499
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	9
Originated four years prior	0
Originated years prior	27
Revolving	0
Revolving converted to term	0
Special Mention [Member] | Commercial Mortgage Loan [Member]
Loans receivable	202	153
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	202
Revolving	0
Revolving converted to term	0
Special Mention [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	24
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	24
Originated years prior	0
Revolving	0
Revolving converted to term	0
Special Mention [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		0
Special Mention [Member] | Consumer and Other Loan [Member]
Loans receivable	0	0
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Substandard [Member]
Loans receivable	4,133	4,281
Originated current year	0
Originated prior year	4
Originated two years prior	512
Originated three years prior	0
Originated four years prior	33
Originated years prior	3,154
Revolving	416
Revolving converted to term	14
Substandard [Member] | Construction and Development Loan [Member]
Loans receivable	29	344
Originated current year	0
Originated prior year	0
Originated two years prior	29
Originated three years prior	0
Originated four years prior	0
Originated years prior	0
Revolving	0
Revolving converted to term	0
Substandard [Member] | Farmland Loan [Member]
Loans receivable	1,532	1,250
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	8
Originated years prior	1,507
Revolving	17
Revolving converted to term	0
Substandard [Member] | Residential Loan [Member]
Loans receivable	266	753
Originated current year	0
Originated prior year	0
Originated two years prior	0
Originated three years prior	0
Originated four years prior	0
Originated years prior	252
Revolving	0
Revolving converted to term	14
Substandard [Member] | Commercial Mortgage Loan [Member]
Loans receivable	1,694	1,852
Originated current year	0
Originated prior year	0
Originated two years prior	86
Originated three years prior	0
Originated four years prior	0
Originated years prior	1,209
Revolving	399
Revolving converted to term	0
Substandard [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	176
Originated current year	0
Originated prior year	4
Originated two years prior	0
Originated three years prior	0
Originated four years prior	25
Originated years prior	147
Revolving	0
Revolving converted to term	0
Substandard [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		82
Substandard [Member] | Consumer and Other Loan [Member]
Loans receivable	436	$ 0
Originated current year	0
Originated prior year	0
Originated two years prior	397
Originated three years prior	0
Originated four years prior	0
Originated years prior	39
Revolving	0
Revolving converted to term	$ 0

Note 5 - Allowance for Credit_6

Note 5 - Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Nonaccrual with no allowance	$ 1,051
Nonaccrual	1,731	$ 1,634
Nonaccrual interest	22
Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	680
Construction and Development Loan [Member]
Nonaccrual with no allowance	0
Nonaccrual	29	344
Nonaccrual interest	0
Construction and Development Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	29
Farmland Loan [Member]
Nonaccrual with no allowance	314
Nonaccrual	400	94
Nonaccrual interest	0
Farmland Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	86
Residential Loan [Member]
Nonaccrual with no allowance	0
Nonaccrual	221	565
Nonaccrual interest	16
Residential Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	221
Commercial Mortgage Loan [Member]
Nonaccrual with no allowance	339
Nonaccrual	515	622
Nonaccrual interest	0
Commercial Mortgage Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	176
Commercial and Agricultural Loan [Member]
Nonaccrual with no allowance	0
Nonaccrual	130	9
Nonaccrual interest	0
Commercial and Agricultural Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	130
Consumer and Other Loan [Member]
Nonaccrual with no allowance	398
Nonaccrual	436	$ 0
Nonaccrual interest	6
Consumer and Other Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	$ 38

Note 5 - Allowance for Credit_7

Note 5 - Allowance for Credit Losses - Analysis of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 817,704	$ 754,872
Construction and Development Loan [Member]
Loans receivable	53,473	49,728
Farmland Loan [Member]
Loans receivable	25,598	23,688
Residential Loan [Member]
Loans receivable	400,947	358,526
Commercial Mortgage Loan [Member]
Loans receivable	269,666	263,664
Commercial and Agricultural Loan [Member]
Loans receivable	47,681	39,505
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	47,681	39,505
Consumer and Other Loan [Member]
Loans receivable	20,339	19,761
Financial Asset, 30 to 59 Days Past Due [Member]
Loans receivable	47	99
Financial Asset, 30 to 59 Days Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Financial Asset, 30 to 59 Days Past Due [Member] | Farmland Loan [Member]
Loans receivable	0	4
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Loan [Member]
Loans receivable	0	90
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	0	0
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	35
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		0
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	12	5
Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	45	137
Financial Asset, 60 to 89 Days Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Financial Asset, 60 to 89 Days Past Due [Member] | Farmland Loan [Member]
Loans receivable	0	0
Financial Asset, 60 to 89 Days Past Due [Member] | Residential Loan [Member]
Loans receivable	45	137
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	0	0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	0
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		0
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Farmland Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Residential Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	0	0
Financial Asset, Past Due [Member]
Loans receivable	1,731	1,634
Financial Asset, Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	29	344
Financial Asset, Past Due [Member] | Farmland Loan [Member]
Loans receivable	400	94
Financial Asset, Past Due [Member] | Residential Loan [Member]
Loans receivable	221	565
Financial Asset, Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	515	622
Financial Asset, Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	130
Financial Asset, Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		9
Financial Asset, Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	436	0
Financial Asset, Not Past Due [Member]
Loans receivable	815,881	753,002
Financial Asset, Not Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	53,444	49,384
Financial Asset, Not Past Due [Member] | Farmland Loan [Member]
Loans receivable	25,198	23,590
Financial Asset, Not Past Due [Member] | Residential Loan [Member]
Loans receivable	400,681	357,734
Financial Asset, Not Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	269,151	263,042
Financial Asset, Not Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	47,516
Financial Asset, Not Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		39,496
Financial Asset, Not Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	$ 19,891	$ 19,756

Note 5 - Allowance for Credit_8

Note 5 - Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 817,704	$ 754,872
Collateral Pledged [Member]
Loans receivable	339
Construction and Development Loan [Member]
Loans receivable	53,473	49,728
Construction and Development Loan [Member] | Collateral Pledged [Member]
Loans receivable	0
Farmland Loan [Member]
Loans receivable	25,598	23,688
Farmland Loan [Member] | Collateral Pledged [Member]
Loans receivable	0
Residential Loan [Member]
Loans receivable	400,947	358,526
Residential Loan [Member] | Collateral Pledged [Member]
Loans receivable	0
Commercial Mortgage Loan [Member]
Loans receivable	269,666	263,664
Commercial Mortgage Loan [Member] | Collateral Pledged [Member]
Loans receivable	339
Commercial and Agricultural Loan [Member]
Loans receivable	47,681	39,505
Commercial and Agricultural Loan [Member] | Collateral Pledged [Member]
Loans receivable	0
Consumer and Other Loan [Member]
Loans receivable	20,339	$ 19,761
Consumer and Other Loan [Member] | Collateral Pledged [Member]
Loans receivable	$ 0

Note 5 - Allowance for Credit_9

Note 5 - Allowance for Credit Losses - Carrying Amount of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loans receivable	$ 817,704	$ 754,872
Loans, net of allowance for credit losses of $6,739 at December 31, 2023 and $6,248 at December 31, 2022	810,965	748,624
Financial Asset Acquired with Credit Deterioration [Member]
Loans receivable	176	204
Loans, net of allowance for credit losses of $6,739 at December 31, 2023 and $6,248 at December 31, 2022	176	204
Residential Loan [Member]
Loans receivable	400,947	358,526
Residential Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Loans receivable	99	116
Commercial Mortgage Loan [Member]
Loans receivable	269,666	263,664
Commercial Mortgage Loan [Member] | Financial Asset Acquired with Credit Deterioration [Member]
Loans receivable	$ 77	$ 88

Note 5 - Allowance for Credi_10

Note 5 - Allowance for Credit Losses - Impaired Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Recorded investment with no related allowance	$ 584	[1]
Unpaid principal balance with no related allowance	598
Recorded investment with related allowance	2,449	[1]
Unpaid principal balance with related allowance	2,623
Related allowance	119
Recorded investment	3,033	[1]
Unpaid principal balance	3,221
Average recorded investment	3,633
Interest income recognized	234
Construction and Development Loan [Member]
Recorded investment with no related allowance	203	[1]
Unpaid principal balance with no related allowance	203
Recorded investment with related allowance	119	[1]
Unpaid principal balance with related allowance	119
Related allowance	4
Recorded investment	322	[1]
Unpaid principal balance	322
Average recorded investment	645
Interest income recognized	55
Farmland Loan [Member]
Recorded investment with no related allowance	0	[1]
Unpaid principal balance with no related allowance	0
Recorded investment with related allowance	355	[1]
Unpaid principal balance with related allowance	371
Related allowance	15
Recorded investment	355	[1]
Unpaid principal balance	371
Average recorded investment	372
Interest income recognized	23
Residential Loan [Member]
Recorded investment with no related allowance	0	[1]
Unpaid principal balance with no related allowance	0
Recorded investment with related allowance	1,885	[1]
Unpaid principal balance with related allowance	2,043
Related allowance	96
Recorded investment	1,885	[1]
Unpaid principal balance	2,043
Average recorded investment	2,124
Interest income recognized	133
Commercial Mortgage Loan [Member]
Recorded investment with no related allowance	381	[1]
Unpaid principal balance with no related allowance	395
Recorded investment with related allowance	66	[1]
Unpaid principal balance with related allowance	66
Related allowance	3
Recorded investment	447	[1]
Unpaid principal balance	461
Average recorded investment	464
Interest income recognized	21
Commercial and Agricultural Loan [Member]
Recorded investment with no related allowance	0	[1]
Unpaid principal balance with no related allowance	0
Recorded investment with related allowance	24	[1]
Unpaid principal balance with related allowance	24
Related allowance	1
Recorded investment	24	[1]
Unpaid principal balance	24
Average recorded investment	28
Interest income recognized	2
Consumer and Other Loan [Member]
Recorded investment with no related allowance	0	[1]
Unpaid principal balance with no related allowance	0
Recorded investment with related allowance	0	[1]
Unpaid principal balance with related allowance	0
Related allowance	0
Recorded investment	0	[1]
Unpaid principal balance	0
Average recorded investment	0
Interest income recognized	$ 0
[1]Recorded investment is the loan balance, net of any charge-offs

Note 5 - Allowance for Credi_11

Note 5 - Allowance for Credit Losses - Modified Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Modified loans	$ 990	$ 460	[1]
Modified loans		$ 3,000
Number of contracts		3
Premodification		$ 482
Financial Asset, Not Past Due [Member]
Modified loans	990
Thirty to Ninety Days Past Due [Member]
Modified loans	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0
Construction and Development Loan [Member]
Modified loans	$ 0
Modified percentage of loans	0%
Construction and Development Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0
Construction and Development Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Construction and Development Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0
Farmland Loan [Member]
Modified loans	$ 0
Modified percentage of loans	0%
Farmland Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0
Farmland Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Farmland Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	$ 0
Residential Loan [Member]
Modified loans		$ 79
Number of contracts		2
Premodification		$ 79
Residential Loan [Member] | Contractual Interest Rate Reduction [Member] | Maximum [Member]
Weighted Average Interest Rate Decrease	8.13%
Residential Loan [Member] | Contractual Interest Rate Reduction [Member] | Minimum [Member]
Weighted Average Interest Rate Decrease	6.13%
Residential Loan [Member] | Extended Maturity and Interest Rate Reduction [Member]
Modified loans	$ 592
Modified percentage of loans	0.15%
Residential Loan [Member] | Extended Maturity [Member]
Weighted Average Term Increase (Year)	4 years 4 months 20 days
Residential Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 592
Residential Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Residential Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0
Commercial Mortgage Loan [Member]
Modified loans	$ 0	$ 381
Modified percentage of loans	0%
Number of contracts		1
Premodification		$ 403
Commercial Mortgage Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0
Commercial Mortgage Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Commercial Mortgage Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0
Commercial and Agricultural Loan [Member]
Modified loans	$ 0
Modified percentage of loans	0%
Commercial and Agricultural Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0
Commercial and Agricultural Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Commercial and Agricultural Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	$ 0
Consumer and Other Loan [Member] | Contractual Interest Rate Reduction [Member] | Maximum [Member]
Weighted Average Interest Rate Decrease	9.50%
Consumer and Other Loan [Member] | Contractual Interest Rate Reduction [Member] | Minimum [Member]
Weighted Average Interest Rate Decrease	7%
Consumer and Other Loan [Member] | Extended Maturity and Interest Rate Reduction [Member]
Modified loans	$ 398
Modified percentage of loans	1.96%
Consumer and Other Loan [Member] | Extended Maturity [Member]
Weighted Average Term Increase (Year)	7 months 9 days
Consumer and Other Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 398
Consumer and Other Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0
Consumer and Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	$ 0
[1]Loans past due 30 days or more are considered to be in default.

Note 5 - Allowance for Credi_12

Note 5 - Allowance for Credit Losses - Allowance for Credit Loss on Unfunded Loan Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 6,248	$ 5,677
Provision for credit losses - unfunded commitments	(50)	606
Balance	6,739	6,248
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	592
Balance		592
Unfunded Loan Commitment [Member]
Balance	46
Provision for credit losses - unfunded commitments	43
Balance	402	46
Unfunded Loan Commitment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Balance	$ 313
Balance		$ 313

Note 6 - Property and Equipme_3

Note 6 - Property and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Depreciation	$ 1,885	$ 1,690

Note 6 - Property and Equipme_4

Note 6 - Property and Equipment - Components of Property and Equipment and Total Accumulated Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, plant, and equipment gross	$ 48,435	$ 47,485
Less accumulated depreciation	(17,252)	(15,732)
Property, plant, and equipment net	31,183	31,753
Land [Member]
Property, plant, and equipment gross	8,478	8,429
Building and Building Improvements [Member]
Property, plant, and equipment gross	25,831	25,835
Furniture and Equipment [Member]
Property, plant, and equipment gross	$ 14,126	$ 13,221

Note 7 - Goodwill and Intangi_3

Note 7 - Goodwill and Intangible Assets - Change in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Beginning of year	$ 3,257	$ 3,257
Impairment	0	0
End of the period	$ 3,257	$ 3,257

Note 7 - Goodwill and Intangi_4

Note 7 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net book value, balance	$ 1,286
Net book value, balance	917	$ 1,286
Core Deposits [Member]
Net book value, balance	1,286	1,764
Amortization expense	(369)	(478)
Net book value, balance	$ 917	$ 1,286

Note 7 - Goodwill and Intangi_5

Note 7 - Goodwill and Intangible Assets - Estimated Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
For the year ended December 31, 2024	$ 262
For the year ended December 31, 2025	154
For the year ended December 31, 2026	96
For the year ended December 31, 2027	81
For the year ended December 31, 2028	68
Thereafter	256
Total	$ 917	$ 1,286

Note 8 - Leases (Details Textua

Note 8 - Leases (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2023	Jun. 30, 2023
Operating Lease, Initial Direct Cost		$ 95
Sale and Leaseback Transaction, Gain (Loss), Net	$ 197
Sale Leaseback Transaction, Lease Term (Year)	2 years

Note 8 - Leases - Lease Expense

Note 8 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Weighted average remaining lease term (years) (Year)	7 years 5 months 12 days	5 years 7 months 2 days
Weighted average discount rate	3.98%	2.75%
Operating lease expense	$ 273	$ 158
Short-term lease expense	17	8
Total lease expense	290	166
Cash paid for amounts included in lease liabilities	268	158
Other Liabilities [Member]
Lease liabilities	1,983	739
Other Assets [Member]
Right-of-use assets	$ 2,073	$ 739

Note 8 - Leases - Maturity Sche

Note 8 - Leases - Maturity Schedule of Undiscounted Cash flow (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Twelve months ending December 31, 2024	$ 388
Twelve months ending December 31, 2025	352
Twelve months ending December 31, 2026	293
Twelve months ending December 31, 2027	257
Twelve months ending December 31, 2028	231
Thereafter	798
Total undiscounted cash flows	2,319
Less discount	(336)
Other Liabilities [Member]
Lease liabilities	$ 1,983	$ 739

Note 9 - Deposits (Details Text

Note 9 - Deposits (Details Textual) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Time Deposits, at or Above FDIC Insurance Limit	$ 78.6	$ 49.5

Note 9 - Deposits - Deposits (D

Note 9 - Deposits - Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Interest-bearing demand deposit accounts	$ 136,305	$ 144,540
Money market	70,669	87,012
Savings	152,666	194,723
Time deposits	263,987	183,542
Total interest-bearing deposits	623,627	609,817
Noninterest-bearing	305,115	310,510
Total deposits	$ 928,742	$ 920,327

Note 9 - Deposits - Scheduled M

Note 9 - Deposits - Scheduled Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 225,658
2025	19,197
2026	9,171
2027	5,894
2028	4,067
After Five Years	0
Total	$ 263,987

Note 10 - Short-term Borrowin_2

Note 10 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Federal Home Loan Bank, Advance	$ 25,000
Federal Home Loan Bank, Advances, Interest Rate	5.45%
Short-Term Debt		$ 0
Line of Credit Facility, Current Borrowing Capacity	$ 229,200
Federal Reserve Bank Advances [Member]
Short-Term Debt	$ 2,500
Debt Instrument, Interest Rate, Stated Percentage	5.46%
Unsecured Lines of Credit [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 73,000

Note 11 - Long-term Borrowings

Note 11 - Long-term Borrowings (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Long-Term Debt	$ 0	$ 0

Note 12 - Financial Instrumen_3

Note 12 - Financial Instruments (Details Textual) Pure in Thousands, $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number of Derivative Instruments Held	0	0
Repossessed Assets	$ 0	$ 235
Fair Value, Recurring [Member]
Liabilities, Fair Value Disclosure	$ 0	$ 0

Note 12 - Financial Instrumen_4

Note 12 - Financial Instruments - Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reported Value Measurement [Member]
Net Loans	$ 810,965	$ 748,624
Time Deposits	263,987	183,542
FHLB Advances	25,000
Federal Reserve’s Bank Term Funding Program Advances	2,500
Time Deposits	263,987	183,542
Estimate of Fair Value Measurement [Member]
Net Loans	775,246	702,549
Time Deposits	260,590	181,525
FHLB Advances	24,999
Federal Reserve’s Bank Term Funding Program Advances	2,500
Time Deposits	260,590	181,525
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Net Loans	0	0
Time Deposits	260,590	181,525
FHLB Advances	24,999
Federal Reserve’s Bank Term Funding Program Advances	2,500
Time Deposits	260,590	181,525
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Net Loans	775,246	$ 702,549
FHLB Advances	0
Federal Reserve’s Bank Term Funding Program Advances	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
FHLB Advances	0
Federal Reserve’s Bank Term Funding Program Advances	$ 0

Note 12 - Financial Instrumen_5

Note 12 - Financial Instruments - Assets Recorded at Fair Value on a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investment securities available for sale	$ 127,389	$ 135,151
Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	127,389	135,151
US Treasury Securities [Member]
Investment securities available for sale	2,446	4,834
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	2,446	4,834
US Government Agencies Debt Securities [Member]
Investment securities available for sale	21,438	20,846
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	21,438	20,846
Collateralized Mortgage-Backed Securities [Member]
Investment securities available for sale	61,697	67,270
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	61,697	67,270
Corporate Debt Securities [Member]
Investment securities available for sale	1,442	1,500
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	1,442	1,500
US States and Political Subdivisions Debt Securities [Member]
Investment securities available for sale	40,366	40,701
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	$ 40,366	$ 40,701

Note 12 - Financial Instrumen_6

Note 12 - Financial Instruments - Assets Recorded at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Impaired Loans [Member]
Assets at fair value	$ 0	$ 173
Other Real Estate Owned [Member]
Assets at fair value	0	235
Fair Value, Nonrecurring [Member]
Assets at fair value	1,635	408
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	1,635	408
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]
Assets at fair value	1,635	173
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	1,635	173
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member]
Assets at fair value	0	235
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value	0	0
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	$ 0	$ 235

Note 12 - Financial Instrumen_7

Note 12 - Financial Instruments - Significant Unobservable Inputs Used Fair Value Measurements (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Individually Evaluated Loans [Member]
Assets at fair value	$ 1,635	$ 0
Individually Evaluated Loans [Member] | Minimum [Member]
Impaired Loans	0
Individually Evaluated Loans [Member] | Maximum [Member]
Impaired Loans	0.10
Impaired Loans [Member]
Assets at fair value	$ 0	173
Impaired Loans [Member] | Minimum [Member]
Impaired Loans	0
Impaired Loans [Member] | Maximum [Member]
Impaired Loans	0.10
Other Real Estate Owned [Member]
Assets at fair value	$ 0	$ 235
Other Real Estate Owned [Member] | Minimum [Member]
Other Real Estate Owned	0
Other Real Estate Owned [Member] | Maximum [Member]
Other Real Estate Owned	0.10

Note 13 - Deferred Compensati_2

Note 13 - Deferred Compensation and Supplemental Executive Retirement Plans (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Deferred Compensation Arrangement with Individual, by Type of Compensation, Pension and Other Postretirement Benefits [Member] | Certain Executive Officers and Members of The Board of Directors [Member] | Minimum [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 4,268
Deferred Compensation Arrangement with Individual, by Type of Compensation, Pension and Other Postretirement Benefits [Member] | Certain Executive Officers and Members of The Board of Directors [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 26,791
Deferred Compensation Plans [Member] | Certain Executive Officers and Members of The Board of Directors [Member]
Deferred Compensation Arrangement with Individual, Maximum Contractual Term (Year)	10 years
Deferred Compensation Arrangement with Individual, Employee's Age Limit for Payments	65
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 71,000	$ 103,000
Deferred Compensation Plans [Member] | Certain Executive Officers and Members of The Board of Directors [Member] | Salary and Benefits Expense [Member]
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 7,000	9,000
Deferred Compensation Arrangement with Individual, Present Value of Future Cash Flows, Discount Rate	8%
Skyline National Bank [Member]] | Chief Executive Officer [Member] | Minimum [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 12,857
Skyline National Bank [Member]] | Chief Executive Officer [Member] | Maximum [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	88,000
Skyline National Bank [Member]] | Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability	881,000	640,000
Skyline National Bank [Member]] | Executive Officer [Member] | Salary and Benefits Expense [Member]
Deferred Compensation Arrangement with Individual, Compensation Expense	241,000	241,000
Supplemental Executive Plans of Bank of Floyd [Member] | Former Members of Management [Member]
Deferred Compensation Arrangement with Individual, Contributions by Employer	$ 69,000
Deferred Compensation Arrangement with Individual, Maximum Contractual Term (Year)	20 years
Deferred Compensation Arrangement with Individual, Recorded Liability	$ 555,000	601,000
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 23,000	$ 25,000
Deferred Compensation Arrangement with Individual, Present Value of Future Cash Flows, Discount Rate	4%
Deferred Compensation Arrangement with Individual, Number of Employees Covered	2

Note 14 - Employee Benefit Pl_3

Note 14 - Employee Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Bank of Floyd Plan [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 37	$ 39
VBA Defined Contribution Plan for Skyline National Bank, First Arrangement [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	3%
VBA Defined Contribution Plan for Skyline National Bank, Second Arrangement [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	2%
VBA Defined Contribution Plan For Skyline National Bank [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5%
Defined Contribution Plan, Cost	$ 396	$ 379
Fixed Income Securities [Member] | Mutual Fund [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	50%
Equity Securities [Member] | Mutual Fund [Member]
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	50%

Note 14 - Employee Benefit Pl_4

Note 14 - Employee Benefit Plans - Summary of Plan's Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Benefit obligation at beginning of year	$ 3,187	$ 5,830
Interest cost	142	147
Actuarial gain	92	(1,327)
Benefits paid	(438)	(1,499)
Settlement (gain) loss	(24)	36
Fair value of plan assets at beginning of year	7,168	11,081
Actual return on plan assets	803	(2,414)
Benefits paid	(438)	(1,499)
Fair value of plan assets at end of year	7,533	7,168
Funded status at the end of the year	$ 4,574	$ 3,981

Note 14 - Employee Benefit Pl_5

Note 14 - Employee Benefit Plans - Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amount recognized in accumulated comprehensive loss, net	$ (1,376)	$ (1,964)
Benefit obligation	2,959	3,187	$ 5,830
Fair value of assets	7,533	7,168	$ 11,081
Interest cost	142	147
Grayson Plan [Member]
Prepaid benefit cost	6,316	6,467
Unrecognized net actuarial loss	(1,742)	(2,486)
Amount recognized in other assets	4,574	3,981
Unrecognized net actuarial loss	(1,742)	(2,486)
Deferred taxes	366	522
Benefit obligation	2,959	3,187
Fair value of assets	7,533	7,168
Unrecognized net actuarial loss	1,742	2,486
Prepaid benefit cost	6,316	6,467
Interest cost	142	147
Expected return on plan assets	(478)	(741)
Recognized net loss due to settlement	292	216
Recognized net actuarial loss	195	0
Net periodic benefit expense	151	(378)
Accumulated benefit obligation	2,959	3,187
Vested benefit obligation	$ 2,959	$ 3,187
Discount rate used for net periodic pension cost	5%	2.75%
Discount rate used for disclosure	4.75%	5%
Expected return on plan assets	7%	7%
Average remaining service (years) (Year)	8 years	9 years

Note 14 - Employee Benefit Pl_6

Note 14 - Employee Benefit Plans - Fair Values of Pension Plan Assets, by Asset Category (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Plan assets at fair value	$ 7,533	$ 7,168	$ 11,081
Fair Value, Inputs, Level 1 [Member]
Plan assets at fair value	7,533	7,168
Fair Value, Inputs, Level 2 [Member]
Plan assets at fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Plan assets at fair value	0	0
Equity Securities [Member] | Mutual Fund [Member]
Plan assets at fair value	3,842	3,727
Equity Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member]
Plan assets at fair value	3,842	3,727
Equity Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member]
Plan assets at fair value	0	0
Equity Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member]
Plan assets at fair value	0	0
Fixed Income Securities [Member] | Mutual Fund [Member]
Plan assets at fair value	3,691	3,441
Fixed Income Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 1 [Member]
Plan assets at fair value	3,691	3,441
Fixed Income Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 2 [Member]
Plan assets at fair value	0	0
Fixed Income Securities [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member]
Plan assets at fair value	$ 0	$ 0

Note 14 - Employee Benefit Pl_7

Note 14 - Employee Benefit Plans - Estimated Future Benefit Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 713
2025	61
2026	288
2027	265
2028	156
2029-2033	955
Defined Benefit Plan, Expected Future Benefit Payments	$ 2,438

Note 14 - Employee Benefit Pl_8

Note 14 - Employee Benefit Plans - Pension Plan's Weighted-average Asset Allocations, by Asset Category (Details)	Dec. 31, 2023	Dec. 31, 2022
Weighted-average asset allocations	100%	100%
Mutual Fund [Member] | Fixed Income Securities [Member]
Weighted-average asset allocations	49%	48%
Mutual Fund [Member] | Equity Securities [Member]
Weighted-average asset allocations	51%	52%

Note 14 - Employee Benefit Pl_9

Note 14 - Employee Benefit Plans (Funded Status - Market Value of Plan Assets Divided by Funding Target) as of July 1 (Details)	Dec. 31, 2023	Dec. 31, 2022
Bank of Floyd Plan [Member]
Funded status (market value of plan assets divided by funding target) as of July 1	100.09%	105.50%

Note 15 - Share-based Compens_3

Note 15 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands				12 Months Ended
	Dec. 29, 2023	Dec. 31, 2022	Feb. 18, 2022	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)				59,900
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)				240,100
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)			14,500	0	14,500
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)				$ 0	$ 13
Share-Based Payment Arrangement, Expense				$ 99	$ 80
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount				$ 131
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)				2 years 5 months 1 day
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			20%
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			20%
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			20%
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Four [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			20%
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Five [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage			20%
Stock Award [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	13,500	8,700
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)	$ 11.24	$ 11.35	$ 13
Share-Based Payment Arrangement, Expense		$ 99		$ 152
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)				300,000

Note 15 - Share-based Compens_4

Note 15 - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Feb. 18, 2022	Dec. 31, 2023	Dec. 31, 2022
Balance (in shares)		18,850	10,875
Balance, weighted average grant date fair value (in dollars per share)		$ 12.38	$ 11.3
Granted (in shares)	14,500	0	14,500
Granted, weighted average grant date fair value (in dollars per share)		$ 0	$ 13
Vested (in shares)		(8,225)	(6,525)
Vested, weighted average grant date fair value (in dollars per share)		$ 12.21	$ 12.13
Vested, fair value		$ 99	$ 80
Forfeited (in shares)		0	0
Balance (in shares)		10,625	18,850
Balance, weighted average grant date fair value (in dollars per share)		$ 12.54	$ 12.38

Note 16 - Income Taxes (Details

Note 16 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2019
Liability for Uncertainty in Income Taxes, Current			$ 0
Deferred Tax Assets, Valuation Allowance	$ 0	$ 0
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	$ 5,800
Earliest Tax Year [Member]
Operating Loss Carryforwards, Expiration Year		2031
Domestic Tax Authority [Member]
Open Tax Year	2020 2021 2022 2023
State and Local Jurisdiction [Member]
Open Tax Year	2020 2021 2022 2023

Note 16 - Income Taxes - Compon

Note 16 - Income Taxes - Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current	$ 2,431	$ 1,620
Deferred	(55)	899
Income Tax Expense (Benefit)	$ 2,376	$ 2,519

Note 16 - Income Taxes - Reconc

Note 16 - Income Taxes - Reconciliation of Income Tax Expense Computed at Statutory Federal Income Tax Rate to Income Tax Expense (Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Tax at statutory federal rate	$ 2,536	$ 2,688
Tax exempt interest income	(69)	(88)
Tax exempt insurance income	(135)	(153)
State income tax, net of federal benefit	80	72
Other	(36)	0
Income Tax Expense (Benefit)	$ 2,376	$ 2,519

Note 16 - Income Taxes - Signif

Note 16 - Income Taxes - Significant Components of Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Allowance for credit losses	$ 1,545	$ 1,347
Acquired loan credit mark	114	145
Deferred compensation	326	302
Investment impairment charge recorded directly to stockholders’ equity as a component of other comprehensive income	44	43
Minimum pension liability	366	522
Net operating loss carryforward	1,221	1,333
Nonaccrual interest income	313	324
Net unrealized losses on securities available for sale	4,775	5,567
Other	4	11
Deferred Tax Assets, Gross	8,708	9,594
Deferred loan origination costs	707	642
Core deposit intangible	198	277
Accrued pension costs	1,367	1,395
Depreciation	1,326	1,452
Other real estate owned	0	51
Accretion of discount on investment securities, net	64	33
Deferred Tax Liabilities, Gross	3,662	3,850
Net deferred tax asset	$ 5,046	$ 5,744

Note 17 - Transactions With R_3

Note 17 - Transactions With Related Parties (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deposits	$ 928,742	$ 920,327
Directors and Executive Officers [Member]
Deposits	$ 12,500	$ 15,900

Note 17 - Transactions With R_4

Note 17 - Transactions With Related Parties - Loan Transactions with Related Parties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance, beginning	$ 10,029	$ 9,140
New loans	2,231	4,368
Repayments	(2,041)	(3,479)
Change in relationship	(94)	0
Balance, ending	$ 10,125	$ 10,029

Note 18 - Commitments and Con_3

Note 18 - Commitments and Contingencies - Summary of Bank's Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial instruments with off balance sheet risk	$ 196,574	$ 164,083
Commitments to Extend Credit [Member]
Financial instruments with off balance sheet risk	195,991	163,250
Standby Letters of Credit [Member]
Financial instruments with off balance sheet risk	$ 583	$ 833

Note 19 - Regulatory Restrict_3

Note 19 - Regulatory Restrictions (Details Textual) $ in Millions		12 Months Ended
	Jan. 01, 2015	Dec. 31, 2023 USD ($)	Dec. 31, 2022	Jan. 01, 2019	Jan. 01, 2016
Percentage of Aggregate Transfer of Capital and Surplus by Banking Subsidiaries		10%
Collateral Requirements, Minimum Percentage Collateral to Fair Value of Securities Loaned from Subsidiary Under Security Lending Transactions		20%
Capital Required to be Well Capitalized to Risk Weighted Assets		0.10	0.10
Legal Limit on Loans to an Affiliate		$ 10.5
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets		0.06	0.06
Tier One Leverage Capital to Average Assets		0.0926	0.0879
Common Equity Tier One Capital Ratio		0.1164	0.1162
Capital Conservation Buffer		4.49%
Tier One Risk Based Capital to Risk Weighted Assets		0.1164	0.1162
Capital to Risk Weighted Assets		0.1249	0.1242
Capital Required for Capital Adequacy to Risk Weighted Assets		0.08	0.08
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets		0.08	0.08
Federal Home Loan Bank, Leverage Ratio, Actual		9%
FDIC Indemnification Asset, Ending Balance		$ 10,000
Basel III [Member]
Capital Required for Capital Adequacy to Risk Weighted Assets	0.04
Common Equity Tier One Capital Required to Be Well Capitalized to Risk Weighted Assets					6.50%
Basel III [Member] | Current Regulatory Requirements [Member]
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.06
Capital Conservation Buffer					0.625%
Basel III [Member] | Fully Phased-in Period Regulatory Requirements [Member]
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.06
Capital Conservation Buffer	2.50%			2.50%
Basel III [Member] | Minimum [Member]
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	4.50%
Basel III [Member] | Minimum [Member] | Current Regulatory Requirements [Member]
Capital Conservation Buffer Percentage, at Fully Phased-in Stage	8%
Tier One Leverage Capital to Average Assets	0.04
Basel III [Member] | Minimum [Member] | Fully Phased-in Period Regulatory Requirements [Member]
Common Equity Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	7%
Common Equity Tier One Capital Ratio	0.045
Common Equity, Tier One Risk Based Capital To Risk Weighted Assets, Capital Conservation Buffer	2.50%
Tier One Risk Based Capital to Risk Weighted Assets	0.085
Capital to Risk Weighted Assets	0.08				0.08
Tier One Risk Based Capital to Risk Weighted Assets, Capital Conversion Buffer	2.50%
Capital Required for Capital Adequacy to Risk Weighted Assets	0.105
FDIA [Member] | Minimum [Member]
Common Equity Tier One Capital Required to Be Well Capitalized to Risk Weighted Assets					10%
FDIA [Member] | Minimum [Member] | Current Regulatory Requirements [Member]
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets					0.05

Note 19 - Regulatory Restrict_4

Note 19 - Regulatory Restrictions - Capital Amounts and Ratios (Details)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Capital	$ 104,800	$ 97,172
Capital, ratio	0.1249	0.1242
Capital required for capital adequacy	$ 67,130	$ 62,592
Capital required for capital adequacy, ratio	0.08	0.08
Capital required to be well capitalized	$ 83,913	$ 78,240
Capital required to be well capitalized, ratio	0.10	0.10
Tier 1 capital risk	$ 97,659	$ 90,878
Tier 1 capital risk, raio	0.1164	0.1162
Tier 1 Capital risk required for capital adequacy	$ 50,348	$ 46,944
Tier 1 Capital risk required for capital adequacy, ratio	0.06	0.06
Tier 1 Capital risk required to be well capitalized	$ 67,130	$ 62,592
Tier 1 Capital risk required to be well capitalized, ratio	0.08	0.08
Common equity Tier 1	$ 97,659	$ 90,878
Common equity Tier 1, raio	0.1164	0.1162
Common equity Tier 1 required for capital adequacy	$ 37,761	$ 35,208
Common equity Tier 1 required for capital adequacy, raio	0.045	0.045
Common equity Tier 1 required to be well capitalized	$ 54,543	$ 50,856
Common equity Tier 1 required to be well capitalized, ratio	0.065	0.065
Tier 1 capital average	$ 97,659	$ 90,878
Tier 1 capital average, ratio	0.0926	0.0879
Tier 1 capital average required for capital adequacy	$ 42,199	$ 41,342
Tier 1 capital average required for capital adequacy, ratio	0.04	0.04
Tier 1 capital average required to be well capitalized	$ 52,749	$ 51,677
Tier 1 capital average required to be well capitalized, ratio	0.05	0.05

Note 20 - Parent Company Fina_3

Note 20 - Parent Company Financial Information - Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and due from banks	$ 16,811	$ 19,299
Other assets	15,283	13,210
Total assets	1,045,843	997,734
Other liabilities	6,188	4,376
Total liabilities	962,961	924,798
Common stock	0	0
Surplus	33,356	33,613
Retained Earnings (Accumulated Deficit)	68,866	62,229
Accumulated other comprehensive loss	(19,340)	(22,906)
Total stockholders’ equity	82,882	72,936	$ 85,194
Total liabilities and stockholders’ equity	1,045,843	997,734
Parent Company [Member]
Cash and due from banks	52	63
Investment in affiliate bank	82,536	72,559
Other assets	337	359
Total assets	82,925	72,981
Borrowings	0	0
Other liabilities	43	45
Total liabilities	43	45
Common stock	0	0
Surplus	33,356	33,613
Retained Earnings (Accumulated Deficit)	68,866	62,229
Accumulated other comprehensive loss	(19,340)	(22,906)
Total stockholders’ equity	82,882	72,936
Total liabilities and stockholders’ equity	$ 82,925	$ 72,981

Note 20 - Parent Company Fina_4

Note 20 - Parent Company Financial Information - Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Dividends	$ 156	$ 105
Interest on borrowings	1,150	188
Professional fees	722	684
Other expense	2,847	2,693
Federal income tax benefit	(2,376)	(2,519)
Net income	9,700	10,281
Parent Company [Member]
Dividends	2,843	5,346
Revenues	2,843	5,346
Interest on borrowings	0	178
Share-Based Payment Arrangement, Expense	251	179
Professional fees	67	68
Other expense	15	7
Operating Expenses	333	432
Income before tax benefit and equity in undistributed income of affiliate	2,510	4,914
Federal income tax benefit	69	90
Income before equity in undistributed income of affiliate	2,579	5,004
Equity in undistributed income of affiliate	7,121	5,277
Net income	$ 9,700	$ 10,281

Note 20 - Parent Company Fina_5

Note 20 - Parent Company Financial Information - Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 9,700	$ 10,281
Share-based compensation	251	179
Change in other assets	(84)	(2,123)
Other liabilities	49	(131)
Net cash provided by operating activities	11,343	10,630
Net cash used by investing activities	(53,380)	(107,215)
Advance on short-term line of credit	0	150
Payment on short-term line of credit	0	(3,350)
Common stock repurchased	(508)	(154)
Dividends paid	(2,353)	(1,797)
Net cash used by financing activities	33,069	12,000
Net increase (decrease) in cash and cash equivalents	(8,968)	(84,585)
Parent Company [Member]
Net income	9,700	10,281
Equity in undistributed income of affiliate	(7,121)	(5,277)
Share-based compensation	251	179
Change in other assets	22	(2)
Other liabilities	(2)	7
Net cash provided by operating activities	2,850	5,188
Investment in affiliate	0	0
Net cash used by investing activities	0	0
Advance on short-term line of credit	0	150
Payment on short-term line of credit	0	(3,350)
Common stock repurchased	(508)	(154)
Dividends paid	(2,353)	(1,797)
Net cash used by financing activities	(2,861)	(5,151)
Net increase (decrease) in cash and cash equivalents	(11)	37
Cash and cash equivalents, beginning	63	26
Cash and cash equivalents, ending	$ 52	$ 63