Skyline Bankshares (SLBK) 10-Q 14 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 13, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	333-209052
Entity Registrant Name	SKYLINE BANKSHARES, INC.
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		5,639,204
Entity Central Index Key	0001657642
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 27,862	$ 16,811
Interest-bearing deposits with banks	6,766	4,808
Federal funds sold	536	474
Total cash and cash equivalents	35,164	22,093
Investment securities available for sale	123,906	127,389
Restricted equity securities	4,235	3,338
Carrying amount	945,335	810,965
Cash value of life insurance	26,558	22,909
Other real estate owned	140	0
Properties and equipment, net	33,741	31,183
Accrued interest receivable	3,810	3,463
Core deposit intangible	4,031	917
Goodwill	7,900	3,257
Deferred tax assets, net	5,125	5,046
Other assets	16,555	15,283
Assets	1,206,500	1,045,843
Liabilities
Noninterest-bearing	340,340	305,115
Interest-bearing	745,567	623,627
Total deposits	1,085,907	928,742
Borrowings	25,000	27,500
Accrued interest payable	979	531
Other liabilities	5,991	6,188
Liabilities	1,117,877	962,961
Commitments and Contingencies
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, 5,639,204 and 5,584,204 issued and outstanding at September 30, 2024 and December 31, 2023, respectively	0	0
Surplus	33,283	33,356
Retained earnings	71,212	68,866
Accumulated other comprehensive loss	(15,872)	(19,340)
Equity, Attributable to Parent	88,623	82,882
Liabilities and Equity	$ 1,206,500	$ 1,045,843

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ / shares in Thousands, $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Allowance for credit loss	$ 7,787	$ 6,739
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, outstanding (in shares)	5,639,204	5,584,204
Common Stock, issued (in shares)	5,639,204	5,584,204

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income
Loans and fees on loans	$ 12,759	$ 10,193	$ 35,433	$ 29,034
Interest-bearing deposits in banks	150	24	298	211
Federal funds sold	25	2	33	26
Interest on taxable securities	678	691	2,023	2,135
Interest on nontaxable securities	59	48	156	146
Dividends	41	21	155	88
Interest and Dividend Income, Operating	13,712	10,979	38,098	31,640
Interest expense
Deposits	3,407	1,902	9,049	4,257
Interest on borrowings	374	350	1,148	761
Interest Expense, Operating	3,781	2,252	10,197	5,018
Net interest income	9,931	8,727	27,901	26,622
Provision for (Recovery of) credit losses	738	182	902	(119)
Provision for (recovery of) credit losses	9,193	8,545	26,999	26,741
Noninterest income
Net realized losses on securities	0	0	(141)	(16)
Increase in cash value of life insurance	161	146	458	438
Life insurance income	0	69	221	69
Other income	44	207	82	379
Noninterest Income	1,851	1,917	5,220	5,211
Noninterest expenses
Salaries and employee benefits	4,525	4,355	13,194	12,617
Occupancy and equipment	1,387	1,363	4,191	3,721
Data processing expense	744	606	2,079	1,621
FDIC Assessments	153	150	441	445
Advertising	256	227	713	549
Bank franchise tax	132	105	330	315
Director fees	52	60	178	199
Professional fees	188	151	580	528
Telephone expense	117	144	353	401
Core deposit intangible amortization	107	79	266	289
Merger related expenses	1,143	0	1,500	0
Other expense	821	662	2,158	1,949
Noninterest Expense	9,625	7,902	25,983	22,634
Net income before income taxes	1,419	2,560	6,236	9,318
Income tax expense	362	496	1,314	1,773
Net income	$ 1,057	$ 2,064	$ 4,922	$ 7,545
Net income per share (in dollars per share)	$ 0.19	$ 0.37	$ 0.89	$ 1.35
Weighted average shares outstanding (in shares)	5,553,579	5,571,454	5,557,229	5,585,914
Dividends declared per share (in dollars per share)	$ 0.23	$ 0.21	$ 0.46	$ 0.42
Deposit Account [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	$ 598	$ 564	$ 1,693	$ 1,606
Financial Service, Other [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	940	894	2,698	2,546
Mortgage Banking [Member]
Noninterest income
Revenue from Contract with Customer, Including Assessed Tax	$ 108	$ 37	$ 209	$ 189

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income	$ 1,057	$ 1,814	$ 2,051	$ 2,064	$ 2,753	$ 2,728	$ 4,922	$ 7,545
Unrealized gains (losses) arising during the period	5,423			(4,349)			4,249	(3,225)
Tax benefit (expense)	(1,139)			913			(892)	677
Reclassification of net realized losses during the period	0			0			141	16
Tax benefit	0			0			(30)	(3)
Total other comprehensive income (loss)	4,284	$ (248)	$ (568)	(3,436)	$ (1,727)	$ 2,628	3,468	(2,535)
Total comprehensive income	$ 5,341			$ (1,372)			$ 8,390	$ 5,010

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Unaudited) 2 - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Income	$ 1,057	$ 1,814	$ 2,051	$ 2,064	$ 2,753	$ 2,728	$ 4,922	$ 7,545
Unrealized gains (losses) arising during the period	5,423			(4,349)			4,249	(3,225)
Tax benefit (expense)	(1,139)			913			(892)	677
Reclassification of net realized losses during the period	0			0			141	16
Tax benefit	0			0			(30)	(3)
Total other comprehensive income (loss)	4,284	$ (248)	$ (568)	(3,436)	$ (1,727)	$ 2,628	3,468	(2,535)
Total comprehensive income	$ 5,341			$ (1,372)			$ 8,390	$ 5,010

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Total
Balance, (in shares) at Dec. 31, 2022	5,617,416
Balance, (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022			$ (710)			$ (710)
Balance, at Dec. 31, 2022	$ 0	$ 33,613		$ 62,229	$ (22,906)		$ 72,936
Net Income				2,728			2,728
Other comprehensive income (loss)					2,628		2,628
Dividends paid				(1,180)			(1,180)
Share-based compensation		20					20
Common stock repurchased (in shares)	(10,000)
Common stock repurchased		(113)					(113)
Balance, (in shares) at Mar. 31, 2023	5,607,416
Balance, at Mar. 31, 2023	$ 0	33,520		63,067	(20,278)		76,309
Balance, (in shares) at Dec. 31, 2022	5,617,416
Balance, (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022			$ (710)			$ (710)
Balance, at Dec. 31, 2022	$ 0	33,613		62,229	(22,906)		72,936
Net Income							7,545
Other comprehensive income (loss)							(2,535)
Balance, (in shares) at Sep. 30, 2023	5,587,704
Balance, at Sep. 30, 2023	$ 0	33,366		66,711	(25,441)		74,636
Balance, (in shares) at Mar. 31, 2023	5,607,416
Balance, at Mar. 31, 2023	$ 0	33,520		63,067	(20,278)		76,309
Net Income				2,753			2,753
Other comprehensive income (loss)					(1,727)		(1,727)
Share-based compensation		46					46
Common stock repurchased (in shares)	(19,712)
Common stock repurchased		(217)					(217)
Balance, (in shares) at Jun. 30, 2023	5,587,704
Balance, at Jun. 30, 2023	$ 0	33,349		65,820	(22,005)		77,164
Net Income				2,064			2,064
Other comprehensive income (loss)					(3,436)		(3,436)
Dividends paid				(1,173)			(1,173)
Share-based compensation		17					17
Balance, (in shares) at Sep. 30, 2023	5,587,704
Balance, at Sep. 30, 2023	$ 0	33,366		66,711	(25,441)		74,636
Balance, (in shares) at Dec. 31, 2023	5,584,204
Balance, at Dec. 31, 2023	$ 0	33,356		68,866	(19,340)		82,882
Net Income				2,051			2,051
Other comprehensive income (loss)					(568)		(568)
Dividends paid				(1,279)			(1,279)
Share-based compensation		19					19
Common stock repurchased (in shares)	(20,000)
Common stock repurchased		(230)					(230)
Balance, (in shares) at Mar. 31, 2024	5,629,204
Balance, at Mar. 31, 2024	$ 0	33,145		69,638	(19,908)		82,875
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)	65,000
Stock awards issued							0
Balance, (in shares) at Dec. 31, 2023	5,584,204
Balance, at Dec. 31, 2023	$ 0	33,356		68,866	(19,340)		82,882
Net Income							4,922
Other comprehensive income (loss)							3,468
Balance, (in shares) at Sep. 30, 2024	5,639,204
Balance, at Sep. 30, 2024	$ 0	33,283		71,212	(15,872)		88,623
Balance, (in shares) at Mar. 31, 2024	5,629,204
Balance, at Mar. 31, 2024	$ 0	33,145		69,638	(19,908)		82,875
Net Income				1,814			1,814
Other comprehensive income (loss)					(248)		(248)
Share-based compensation		68					68
Balance, (in shares) at Jun. 30, 2024	5,629,204
Balance, at Jun. 30, 2024	$ 0	33,213		71,452	(20,156)		84,509
Net Income				1,057			1,057
Other comprehensive income (loss)					4,284		4,284
Dividends paid				(1,297)			(1,297)
Share-based compensation		70					70
Balance, (in shares) at Sep. 30, 2024	5,639,204
Balance, at Sep. 30, 2024	$ 0	$ 33,283		$ 71,212	$ (15,872)		$ 88,623
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture (in shares)	10,000

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Dividends paid per share (in dollars per share)	$ 0.23	$ 0.21	$ 0.21	$ 0.23
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share)	$ 0.23	$ 0.21	$ 0.21	$ 0.23

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities
Net Income	$ 4,922	$ 7,545
Adjustments to reconcile net income to net cash provided by operations:
Depreciation	1,527	1,419
Amortization of core deposit intangible	266	289
Accretion of loan discount and deposit premium, net	(128)	(115)
Provision for (Recovery of) credit losses	902	(119)
Deferred income taxes	1,164	(183)
Net realized losses on securities	141	16
Accretion of discount on securities, net of amortization of premiums	59	112
Deferred compensation	133	128
Share-based compensation	157	83
Gains on disposal of property and equipment	0	(196)
Loss on sale of other real estate owned	0	6
Life insurance income	(221)	(69)
Changes in assets and liabilities:
Cash value of life insurance	(458)	(438)
Accrued interest receivable	66	(224)
Other assets	8	(532)
Accrued interest payable	173	325
Other liabilities	(462)	319
Net cash provided by operating activities	8,249	8,366
Cash flows from investing activities
Sales	46,210	4,427
Maturities/calls/paydowns	7,966	5,634
Purchases of restricted equity securities	(415)	(1,388)
Net increase in loans	(48,101)	(42,782)
Proceeds from life insurance contracts	730	221
Proceeds from sale of other real estate owned	0	229
Proceeds from sale of property and equipment	0	1,721
Purchases of property and equipment	(2,267)	(2,142)
Cash received in business combination, net of cash paid	(17,733)	0
Net cash used in investing activities	(13,610)	(34,080)
Cash flows from financing activities
Net increase (decrease) in deposits	31,826	(12,249)
Advance on short-term line of credit	5,000	2,500
Net change in FHLB advances	(13,088)	25,000
Repayment of bank term funding program advances	(2,500)	0
Common stock repurchased	(230)	(330)
Dividends paid	(2,576)	(2,353)
Net cash provided by financing activities	18,432	12,568
Net (decrease) increase in cash and cash equivalents	13,071	(13,146)
Cash and cash equivalents, beginning	22,093	31,061
Cash and cash equivalents, ending	35,164	17,915
Supplemental disclosure of cash flow information
Interest paid	9,749	4,693
Taxes paid	1,235	1,665
Supplemental disclosure of noncash investing activities
Effect on equity of change in net unrealized gain (loss) on available for sale securities	3,468	(2,535)
Right-of-use assets obtained in exchange for new operating lease liabilities	35	1,562
Cumulative effect of adoption of credit losses standard, net of tax	0	(710)
Business combinations
Goodwill	7,900
Johnson County Bank [Member]
Business combinations
Assets acquired (excluding goodwill)	154,128	0
Liabilities assumed	133,771	0
Net assets	20,357	0
Goodwill	4,643	0
Cash paid to acquire Johnson County Bank	25,000	0
Core Deposits [Member]
Adjustments to reconcile net income to net cash provided by operations:
Amortization of core deposit intangible	$ 266	$ 289

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Organization and Summary of Significant Accounting Policies 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 changed its name from Parkway Acquisition Corp. to Skyline Bankshares, Inc. to align its brand across the entire organization. The Company was incorporated as a Virginia corporation on November 2, 2015. The Company was formed as a business combination shell company for the purpose of completing a business combination transaction between Grayson Bankshares, Inc. (“Grayson”) and Cardinal Bankshares Corporation (“Cardinal”) in which which Grayson and Cardinal merged with and into the Company, with the Company as the surviving corporation (the “Cardinal merger”), on July 1, 2016. Upon completion of the Cardinal merger, the Bank of Floyd (“Floyd”), a wholly-owned subsidiary of Cardinal, was merged with and into the Bank (formerly Grayson National Bank), a wholly-owned subsidiary of Grayson. Effective March 13, 2017, the Bank changed its name to Skyline National Bank. On July 1, 2018, the Company acquired Great State Bank (“Great State”), based in Wilkesboro, North Carolina, through the merger of Great State with and into the Bank, with the Bank as the surviving bank. On April 16, 2024, the Company entered into a definitive agreement to acquire Johnson County Bank (“JCB”), based in Mountain City, Tennessee, in an all-cash transaction valued at $25.0 million, with the Bank as the surviving bank. The purpose of this acquisition was to facilitate the Bank's entry into Eastern Tennessee. The transaction closed and the merger of JCB with and into the Bank became effective on September 1, 2024. The Company was considered the acquiror and JCB was considered the acquiree in the transaction for accounting purposes. Pursuant to the JCB merger, the Company acquired $154.1 million of assets, including $87.2 million in loans and assumed $133.8 million in liabilities, including $125.3 million of deposits, on September 1, 2024. Such amounts include preliminary estimated fair value adjustments, which are subject to change. For purposes of this quarterly report on Form 10-Q, all information contained herein as of and for periods prior to September 1, 2024 reflects the operations of the Company prior to the JCB merger. Unless this report otherwise indicates or the context otherwise requires, all references to the “Company” as of and for periods subsequent to September 1, 2024 refer to the combined company and its subsidiary as a combined entity after the merger, and all references to the “Company” as of and for periods prior to September 1, 2024 are references to the Company and its subsidiary as a combined entity prior to the merger. The Bank was organized under the laws of the United States in 1900 and now serves the Virginia counties of Grayson, Floyd, Carroll, Wythe, Pulaski, Montgomery, Roanoke, Patrick and Washington, the North Carolina counties of Alleghany, Ashe, Burke, Caldwell, Catawba, Cleveland, Davie, Iredell, Watauga, Wilkes, and Yadkin, and the Tennessee county of Johnson, and the surrounding areas, through twenty-eight full-service banking offices and two loan production offices. As a Federal Deposit Insurance Corporation (“FDIC”) insured national banking association, the Bank is subject to regulation by the Comptroller of the Currency and the FDIC. The Company is regulated by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). 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 On September 1, 2024, the Company completed its merger with JCB. The merger was accounted for under the acquisition method of accounting. The Company was considered the acquirer and JCB was considered the acquiree in the transaction for accounting purposes. 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 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 be necessary based on changes in local economic conditions. In addition, regulatory agencies, as a part of their routine examination process, periodically review the Bank’s allowances for credit and foreclosed real estate losses. Such agencies may require the Bank to recognize additions to the allowances based on their judgments about information available to them at the time of their examinations. Because of these factors, it is reasonably possible that the allowances for credit and foreclosed real estate losses may change materially in the near term. 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 result in the assessment of additional taxes, interest and penalties. As a result, the ultimate outcome, and the corresponding financial statement impact, can be difficult to predict with accuracy. 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 occur in the future due to changes in these assumptions. 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. Restrictions on Cash 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 Federal Reserve lowered the reserve requirement ratios on transaction accounts to zero percent effective March 26, 2020; therefore, there were no required reserve balances as of September 30, 2024 or December 31, 2023. Trading Securities The Company does not hold securities for short-term resale and therefore does not maintain a trading securities portfolio. 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 currently hold any securities classified as held to maturity. 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 classified as trading securities or as held to maturity securities. 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, the Company adopted ASU 2016-13 Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In addition, ASC 326 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 intend to sell and does not believe that it is more likely than not, they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. The transition adjustment of the adoption of CECL included an increase in the allowance for credit losses on loans of $592 thousand, which is presented as a reduction to net loans outstanding, and an increase in the allowance for credit losses on unfunded loan commitments of $313 thousand, which is recorded within Other Liabilities. The Company recorded a net decrease to retained earnings of $710 thousand as of January 1, 2023 for the cumulative effect of adopting CECL, which reflects the transition adjustments noted above, net of the applicable deferred tax assets recorded. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with previously applicable accounting standards (“Incurred Loss”). The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. Therefore, upon adoption of ASC 326, the Company determined that an allowance for credit losses on available for sale securities was not deemed necessary. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest. 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 affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions, which includes forecasted future economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The adoption of ASC 326 eliminated the accounting guidance for troubled debt restructurings by creditors and enhanced the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. For information related to modifications made to borrowers experiencing financial difficulty after the adoption of ASC 326 and information regarding troubled debt restructurings before the adoption of ASC 326, see Note 5 to the consolidated financial statements. 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 that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income. 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 September 30, 2024 and December 31, 2023, there was no allowance for credit loss related to the available for sale portfolio. Accrued interest receivable on available for sale debt securities, which is reported in accrued interest receivable on the consolidated balance sheets, totaled $513 thousand and $641 thousand at September 30, 2024 and December 31, 2023, respectively and was excluded from the estimate of credit losses. 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 $3.3 million and $2.8 million at September 30, 2024 and December 31, 2023, respectively and was reported in accrued interest receivable on the consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. 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 recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured. Purchased Credit Deteriorated Loans Upon adoption of ASC 326, loans that were designated as Purchased Credit Impaired loans under the previous accounting guidance were classified as PCD loans without reassessment. In future acquisitions, the Company may purchase loans, some of which have experienced more than insignificant credit deterioration since origination. In those cases, the Company will consider internal loan grades, delinquency status and other relevant factors in assessing whether purchased loans are PCD. PCD loans are recorded at the amount paid. An initial allowance for credit loss is determined using the same methodology as other loans held for investment, but with no impact to earnings. The initial allowance for credit loss determined on a collective basis is allocated to individual loans. The sum of the loan's purchase price and allowance for credit loss becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the allowance for credit loss recorded through provision expense. 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 exceed the aggregate of amounts previously charged-off and expected to be charged-off. Accrued interest receivable is excluded from the estimate of credit losses. 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 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 be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer. Consumer loans are made for the construction of residential homes for which a binding sales contract exists and generally are for a period of time sufficient to complete construction. Residential construction loans to individuals generally provide for the payment of interest only during the construction phase. Credit risk for residential real estate construction loans can arise from construction delays, cost overruns, failure of the contractor to complete the project to specifications and economic conditions that could impact demand for or supply of the property being constructed. ● 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 and whether wooded or not. Primary source of repayment for these loans is the income of the borrower. The condition of the local economy is an important indicator of risk for this segment. The state of the real estate market, in regards to farmland, can also have a significant impact on this segment because low demand and/or declining values can limit the ability of borrowers to sell a property and satisfy the debt. ● Residential loans are loans secured by first and second liens such as home equity loans, home equity lines of credit, 1-4 family residential mortgages, including purchased money mortgages, as well as multifamily units. The primary source of repayment for these loans is the income of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt. Allowance for Credit Losses Loans, continued ● 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 have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt. ● Consumer and other loans 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 increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth, industry concentrations, trends in underlying collateral, external factors and economic conditions not already captured. The Company has designated 5-year treasury yield, federal funds rates, and national unemployment as its forecast variables for a period of 12 months. These forecasts from reputable and independent third parties are sourced to inform the Company’s reasonable and supportable forecasting of current expected credit losses. Loans that do not share risk characteristics are evaluated on an individual basis. When management determines that foreclosure is probable and the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date unadjusted for selling costs as appropriate. 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-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets. 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 10 - 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 intentions to re-open or otherwise use the location. These properties are to be sold and are initially recorded at fair value less anticipated cost to sell, establishing a new cost basis. After acquisition, valuations are periodically performed by management and the other real estate owned is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses on the consolidated statements of income. Share-Based Compensation The Parkway Acquisition Corp. 2020 Equity Incentive Plan (the “Equity Plan”) was adopted by the Board of Directors of the Company on March 17, 2020 and approved by the Company’s shareholders on August 18, 2020. The Equity Plan permits the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, and stock awards to key employees and non-employee directors of the Company or its subsidiaries. As of September 30, 2024, only restricted stock awards have been issued to key employees and stock awards have been issued to non-employee directors. The fair value of the stock awards or restricted stock is determined based on the closing price of the Company’s common stock on the date of grant. The Company recognizes compensation expense related to restricted stock on a straight-line basis over the vesting period for service-based awards. See additional discussion of share-based compensation in Note 10 to the consolidated financial statements. 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 and the Internal Revenue Code. 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) the assets have been isolated from the Bank; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. 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 acquiree, 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 amortized, but tested for impairment at least annually or more frequently in events and circumstances exists that indicate that a goodwill impairment test should be performed. The Company has selected November 1 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on our balance sheet. 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 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

Note 2 - Business Combinations

Note 2 - Business Combinations	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 2. Business Combinations On September 1, 2024, the Company completed its merger with JCB as discussed above in Note 1. The merger was accounted for under the acquisition method of accounting. The Company is considered the acquiring entity in this business combination for accounting purposes. Under the terms of the merger agreement, JCB was acquired by the Company in an all-cash transaction valued at $25.0 million. The Company calculated fair values of all assets and liabilities acquired in the transaction. The assets and liabilities of JCB have been recorded at their estimated fair values and added to those of the Company for periods following the merger date. Valuations of acquired JCB assets and liabilities may be refined for up to one year following the merger date. The Company does not expect that any portion of goodwill will be deductible for tax purposes. The following table presents the JCB assets acquired and liabilities assumed as of September 1, 2024 as well as the related fair value adjustments and determination of goodwill. (dollars in thousands) As Reported by Fair Value As Reported by JCB Adjustments the Company Assets Cash and cash equivalents $ 7,267 $ - $ 7,267 Investment securities available for sale 48,293 (1,790 ) 46,503 Restricted equity securities 482 - 482 Loans 91,411 (4,235 ) 87,176 Allowance for credit losses (823 ) 627 (196 ) Cash Value of life insurance 3,700 - 3,700 Other real estate owned 140 - 140 Property and equipment 511 1,307 1,818 Accrued interest receivable 413 - 413 Core deposit intangible - 3,380 3,380 Deferred tax assets, net 1,934 231 2,165 Other assets 1,346 (66 ) 1,280 Total assets acquired $ 154,674 $ (546 ) $ 154,128 Liabilities Deposits $ 125,437 $ (146 ) $ 125,291 Borrowings 8,000 88 8,088 Accrued interest payable 275 - 275 Other liabilities 112 5 117 Total liabilities acquired $ 133,824 $ (53 ) $ 133,771 Net assets acquired 20,357 Cash consideration 25,000 Goodwill $ 4,643 The Management made significant estimates and exercised significant judgement in accounting for the acquisition of JCB. The following is a brief description of the valuation methodologies used to estimate the fair values of major categories of assets acquired and liabilities assumed. Investment Securities Available for Sale The estimated fair value of the acquired portfolio of debt securities was based on quoted market prices. All of the acquired portfolio was sold upon completion of the acquisition. Loans and Allowance for Credit Losses The fair valuation process identified loans with credit risk indicators that qualified for “purchase credit deteriorated” (“PCD”) status. PCD and non-PCD loans were then evaluated for credit risk and other fair value indicators. Consistent with GAAP, JCB’s related allowance for credit losses on loans was not Credit risk was quantified using a probability of default (“PD”)/loss given default(“LGD”) methodology from a market participant perspective and applied to each loan’s outstanding principal balance. PD rates were applied based on FDIC call report code and risk rating category. LGD rates were applied based on FDIC call report code. Other fair value indicators were quantified using a discounted cash flow methodology, utilizing a built-up discount rate that contemplates current index rates adjusted for market assumed premiums. Cash flows were generated based upon the loans’ underlying characteristics and estimated prepayment speeds. The following table provides information on PCD and non-PCD loans as of the Acquisition Date: (dollars in thousands) PCD Loans Non-PCD Loans Total Loans September 1, 2024 Number of Loans 128 1,136 1,264 JCB recorded value $ 6,127 $ 85,284 $ 91,411 Discount for credit risk (256 ) (370 ) (626 ) Discount for non-credit factors (396 ) (3,409 ) (3,805 ) Reclass of PCD discount to ACL 196 - 196 Fair value $ 5,671 $ 81,505 $ 87,176 Property and Equipment The fair value of premises acquired was based on recent third-party appraisals. Acquired equipment was based on the remaining net book value of JCB, which approximated fair value. Intangible Assets Core deposit relationships provide a stable source of funds for lending and contribute to profitability. The core deposit intangible was valued using an income approach focused on cost savings, which recognizes the cost savings represented by the expense of maintaining the core deposit base versus the cost of an alternative funding source. The valuation incorporates assumptions related to account retention, discount rates, deposit interest rates, deposit maintenance costs and alternative funding rates. Deferred Tax Asset Application of the fair value measurements resulted in an increase to the deferred tax asset. The deferred tax assets were calculated using a blended tax rate of 22.20%. Other Assets The fair value adjustment of other assets was based on the Company’s evaluation of acquired other assets. Deposits Deposits were valued using methods appropriate to their characteristics. The fair value of noninterest bearing demand deposits, interest bearing demand deposits, money market and savings deposit accounts were assumed to approximate the carrying value as these accounts have no stated maturity and are payable on demand. Time deposits were valued at the present value of the expected contractual payments discounted at market rates for instruments with similar terms. Borrowings The estimated fair value of borrowings was determined by obtaining payoff quotes from the Federal Home Loan Bank. The borrowings were paid off upon completion of the acquisition. Other Liabilities The fair value adjustment of other liabilities was based on the Company’s evaluation of acquired other liabilities. Supplemental Pro Forma Information (dollars in thousands except per share data) The table below presents supplemental pro forma information as if the JCB acquisition had occurred at the beginning of the earliest period presented, which was January 1, 2023. Pro forma results include adjustments for amortization and accretion of fair value adjustments and do not include any projected cost savings or other anticipated benefits of the merger. Therefore, the pro forma financial information is not indicative of the results of operations that would have occurred had the transactions been effected on the assumed date. Pre-tax merger-related costs of $1.5 million and $1.1 million included in the Company’s consolidated statements of operations for the nine months and three months ended September 30, 2024 and are not included in the pro forma statements below. Nine Months ended September 30, 2024 2023 (Unaudited) (Unaudited) Net interest income $ 27,660 $ 26,439 Net income (a) $ 4,732 $ 7,400 Weighted average shares outstanding (b) 5,557,229 5,585,914 Earnings per common share $ 0.85 $ 1.32 Three Months ended September 30, 2024 2023 (Unaudited) (Unaudited) Net interest income $ 9,860 $ 8,668 Net income (a) $ 1,001 $ 2,017 Weighted average shares outstanding (b) 5,553,579 5,571,454 Earnings per common share $ 0.18 $ 0.36 (a) Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost savings or the impact of merger-related expenses. (b) Weighted average shares outstanding are not affected by the merger because no common stock was issued in connection with the JCB acquisition. The acquisition was an all-cash transaction valued at $25.0 million. The net interest income for JCB included in the consolidated statements of income statement for the three and nine month periods ended September 30, 2024 was $413 thousand. The net loss for JCB included in the consolidated income statements for the three and nine month periods ended September 30, 2024 was $521 thousand.

Note 3 - Investment Securities

Note 3 - Investment Securities	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 3. Investment Securities 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 September 30, 2024 and December 31, 2023 is summarized in the following table. There was no allowance for credit losses on available for sale securities as of September 30, 2024 and December 31, 2023. (dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2024 Available for sale: U.S. Treasury securities $ 2,505 $ - $ (26 ) $ 2,479 U.S. Government agencies 25,272 - (3,029 ) 22,243 Mortgage-backed securities 66,637 - (7,794 ) 58,843 Corporate securities 1,500 - (23 ) 1,477 State and municipal securities 46,342 4 (7,482 ) 38,864 $ 142,256 $ 4 $ (18,354 ) $ 123,906 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 Restricted equity securities totaled $4.2 million at September 30, 2024 and $3.3 million at December 31, 2023. Restricted equity securities consist of investments in stock of the Federal Home Loan Bank of Atlanta (“FHLB”), CBB Financial Corp., Pacific Coast Bankers Bank, and the Federal Reserve Bank of Richmond, all of which are carried at cost. All of these entities are upstream correspondents of the Bank. The FHLB requires financial institutions to make equity investments in the FHLB in order to borrow money. The Federal Reserve requires banks to purchase stock as a condition for membership in the Federal Reserve System. The Bank’s stock in CBB Financial Corp. and Pacific Coast Bankers Bank is restricted only in the fact that the stock may only be repurchased by the respective banks. 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 been recorded as of September 30, 2024 and December 31, 2023. This information is aggregated by the length of time that individual securities have been in a continuous unrealized loss position as of September 30, 2024 and December 31, 2023. Less Than 12 Months 12 Months or More Total (dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses September 30, 2024 Available for sale: U.S. Treasury securities $ - $ - $ 2,479 $ (26 ) $ 2,479 $ (26 ) U.S. Government agencies - - 22,243 (3,029 ) 22,243 (3,029 ) Mortgage-backed securities - - 58,843 (7,794 ) 58,843 (7,794 ) Corporate securities - - 1,477 (23 ) 1,477 (23 ) State and municipal securities - - 37,550 (7,482 ) 37,550 (7,482 ) Total securities available for sale $ - $ - $ 122,592 $ (18,354 ) $ 122,592 $ (18,354 ) 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 ) At September 30, 2024, 79 investment securities with unrealized losses had depreciated 13.02 percent from their total amortized cost basis. Management evaluates all available for sale 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 that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income. 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 September 30, 2024 and December 31, 2023, there was no allowance for credit losses related to the available for sale portfolio. Proceeds from the sales of investment securities available for sale were $46.2 million for the nine-month period ended September 30, 2024. Proceeds from sales of investment securities available for sale were $4.4 million for the nine-month period ended September 30, 2023. Gross proceeds from called securities totaled $2.7 million for the nine-month period ended September 30, 2024. There were no Nine Months Ended September 30, Three Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Realized gains $ - $ 12 $ - $ - Realized losses (141 ) (28 ) - - $ (141 ) $ (16 ) $ - $ - There were no securities transferred between the available for sale and held to maturity portfolios or other sales of held to maturity securities during the periods presented. In the future management may elect to classify securities as held to maturity based upon such considerations as the nature of the security, the Bank’s ability to hold the security until maturity, and general economic conditions. The scheduled maturities of securities available for sale at September 30, 2024, were as follows: (dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 4,005 $ 3,956 Due after one year through five years 14,523 13,682 Due after five years through ten years 71,609 63,227 Due after ten years 52,119 43,041 $ 142,256 $ 123,906 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 $57.8 million and $36.0 million at September 30, 2024 and December 31, 2023, respectively, were pledged as collateral on public deposits and for other purposes as required or permitted by law. The major components of loans in the consolidated balance sheets at September 30, 2024 and December 31, 2023 are as follows: (dollars in thousands) 2024 2023 Real Estate Secured: Construction & development $ 64,547 $ 53,473 Farmland 24,927 25,598 Residential 506,495 400,947 Commercial mortgage 279,985 269,666 Non-Real Estate Secured: Commercial & agricultural 59,386 47,681 Consumer & other 17,782 20,339 Total loans 953,122 817,704 Allowance for credit losses (7,787 ) (6,739 ) Loans, net of allowance for credit losses $ 945,335 $ 810,965 Included in total loans above are deferred loan fees of $1.5 million and $1.4 million at September 30, 2024 and December 31, 2023, respectively. Deferred loan costs were $5.1 million and $4.7 million, at September 30, 2024 and December 31, 2023, respectively. Income from net deferred fees and costs is recognized over the lives of the respective loans as a yield adjustment. If loans repay prior to scheduled maturities any unamortized fee or cost is recognized at that time. The Company elected to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable related to loans totaled $3.3 million at September 30, 2024 and $2.8 million at December 31, 2023 and was reported in accrued interest receivable on the consolidated balance sheets. As of September 30, 2024 and December 31, 2023, substantially all of the Bank’s residential 1-4 family loans were pledged as collateral for borrowing lines at the FHLB. As of September 30, 2024 and December 31, 2023, the Bank had no residential real estate loans in the process of foreclosure.

Note 5 - Allowance for Credit L

Note 5 - Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 5. Allowance for Credit Losses Allowance for Credit Losses - Loans The following table summarizes the activity related to the allowance for credit losses for the three and nine month periods ended September 30, 2024 and 2023 under the CECL methodology. (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Three Months Ended September 30, 2024 Balance, June 30, 2024 $ 791 $ 181 $ 3,349 $ 1,937 $ 455 $ 157 $ 6,870 Merger adjustment for PCD acquired loans 45 - 148 1 - 2 196 Charge-offs - - - - - (22 ) (22 ) Recoveries - - - 1 25 7 33 Provision for (recovery of provision) 115 (8 ) 444 (87 ) (2 ) 248 710 Balance, September 30, 2024 $ 951 $ 173 $ 3,941 $ 1,852 $ 478 $ 392 $ 7,787 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Three Months Ended September 30, 2023 Balance, June 30, 2023 $ 953 $ 140 $ 3,088 $ 1,866 $ 404 $ 173 $ 6,624 Charge-offs - - - - - (36 ) (36 ) Recoveries - - - 1 1 6 8 Provision for (recovery of provision) (51 ) 4 85 38 6 17 99 Balance, September 30, 2023 $ 902 $ 144 $ 3,173 $ 1,905 $ 411 $ 160 $ 6,695 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Nine Months Ended September 30, 2024 Balance, December 31, 2023 $ 910 $ 154 $ 3,167 $ 1,902 $ 424 $ 182 $ 6,739 Merger adjustment for PCD acquired loans 45 - 148 1 - 2 196 Charge-offs - - - - (16 ) (77 ) (93 ) Recoveries - - 9 3 27 19 58 Provision for (recovery of provision) (4 ) 19 617 (54 ) 43 266 887 Balance, September 30, 2024 $ 951 $ 173 $ 3,941 $ 1,852 $ 478 $ 392 $ 7,787 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Nine Months Ended September 30, 2023 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 - - - - - (89 ) (89 ) Recoveries 1 50 1 10 14 17 93 Provision for (recovery of provision) (33 ) (57 ) 73 (183 ) 1 50 (149 ) Balance, September 30, 2023 $ 902 $ 144 $ 3,173 $ 1,905 $ 411 $ 160 $ 6,695 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 corrected. Assets classified as “Doubtful” have all the weaknesses inherent in assets classified “Substandard” with the added characteristic that the weaknesses present make collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable. Assets classified as "Loss” are those considered uncollectible, and of such little value that its continuance on the books is not warranted. As of September 30, 2024 and December 31, 2023, respectively, the Bank had no loans graded “Doubtful” or “Loss” included in the balance of total loans outstanding. Assets that do not currently expose the insured financial institutions to sufficient risk to warrant classification in one of the aforementioned categories but otherwise possess weaknesses are designated “Special Mention.” Management also maintains a listing of loans designated “Watch”. These loans represent borrowers with declining earnings, strained cash flow, increasing leverage and/or weakening market fundamentals that indicate above average risk. Loans that are currently performing and are of high quality are given a loan rating of “Pass”. 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 million are reviewed on an annual basis, and that review could result in downgrades or in some cases, upgrades. In addition, the Company engages a third-party loan review each quarter. The results of these loan reviews could result in upgrades or downgrades. The following table presents the Company’s recorded investment in loans by credit quality indicators as of September 30, 2024 and December 31, 2023: Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total September 30, 2024 Real Estate Secured: Construction & development $ 64,315 $ 18 $ - $ 214 $ 64,547 Farmland 23,289 112 726 800 24,927 Residential 503,064 208 2,196 1,027 506,495 Commercial mortgage 273,001 3,484 3,057 443 279,985 Non-Real Estate Secured: Commercial & agricultural 59,181 - 56 149 59,386 Consumer & other 17,320 - 22 440 17,782 Total $ 940,170 $ 3,822 $ 6,057 $ 3,073 $ 953,122 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 Credit Quality Indicators, continued The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of September 30, 2024: Term Loans by Year of Origination Revolving Loans Converted (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving To Term Total Construction & development Pass $ 21,120 $ 17,454 $ 6,359 $ 6,396 $ 1,600 $ 7,757 $ 3,629 $ - $ 64,315 Watch - - - - 18 - - - 18 Special Mention - - - - - - - - - Substandard - 174 - 25 - - 15 - 214 Total construction & development $ 21,120 $ 17,628 $ 6,359 $ 6,421 $ 1,618 $ 7,757 $ 3,644 $ - $ 64,547 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 2,573 $ 3,756 $ 1,994 $ 1,414 $ 2,510 $ 9,393 $ 1,649 $ - $ 23,289 Watch - - - - - 112 - - 112 Special Mention - - - - - 626 100 - 726 Substandard - - - - - 800 - - 800 Total farmland $ 2,573 $ 3,756 $ 1,994 $ 1,414 $ 2,510 $ 10,931 $ 1,749 $ - $ 24,927 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential Pass $ 46,039 $ 70,412 $ 111,352 $ 58,541 $ 49,902 $ 90,727 $ 75,410 $ 681 $ 503,064 Watch - - - - 208 - - - 208 Special Mention 219 - 1,019 243 267 448 - - 2,196 Substandard - - 361 14 - 652 - - 1,027 Total residential $ 46,258 $ 70,412 $ 112,732 $ 58,798 $ 50,377 $ 91,827 $ 75,410 $ 681 $ 506,495 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial mortgage Pass $ 21,640 $ 40,512 $ 47,971 $ 48,726 $ 36,857 $ 71,470 $ 5,825 $ - $ 273,001 Watch - - - 1,427 2,037 - 20 - 3,484 Special Mention - - 2,648 - - 409 - - 3,057 Substandard - - - 76 - 367 - - 443 Total residential $ 21,640 $ 40,512 $ 50,619 $ 50,229 $ 38,894 $ 72,246 $ 5,845 $ - $ 279,985 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial & agricultural Pass $ 10,117 $ 13,315 $ 6,374 $ 3,807 $ 1,159 $ 1,885 $ 22,524 $ - $ 59,181 Watch - - - - - - - - - Special Mention - - 38 - - 18 - - 56 Substandard - - - - - 149 - - 149 Total commercial & agricultural $ 10,117 $ 13,315 $ 6,412 $ 3,807 $ 1,159 $ 2,052 $ 22,524 $ - $ 59,386 Current period gross write-offs $ - $ 16 $ - $ - $ - $ - $ - $ - $ 16 Consumer & other Pass $ 4,506 $ 3,993 $ 2,547 $ 1,905 $ 172 $ 3,461 $ 736 $ - $ 17,320 Watch - - - - - - - - - Special Mention - 14 1 1 - - 6 - 22 Substandard 27 - - 376 - 37 - - 440 Total consumer & other $ 4,533 $ 4,007 $ 2,548 $ 2,282 $ 172 $ 3,498 $ 742 $ - $ 17,782 Current period gross write-offs $ 8 $ 32 $ 10 $ 7 $ 3 $ 17 $ - $ - $ 77 Total loans Pass $ 105,995 $ 149,442 $ 176,597 $ 120,789 $ 92,200 $ 184,693 $ 109,773 $ 681 $ 940,170 Watch - - - 1,427 2,263 112 20 - 3,822 Special Mention 219 14 3,706 244 267 1,501 106 - 6,057 Substandard 27 174 361 491 - 2,005 15 - 3,073 Total loans $ 106,241 $ 149,630 $ 180,664 $ 122,951 $ 94,730 $ 188,311 $ 109,914 $ 681 $ 953,122 Total Current period gross write-offs $ 8 $ 48 $ 10 $ 7 $ 3 $ 17 $ - $ - $ 93 Credit Quality Indicators, continued 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: September 30, 2024 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Construction & development $ - $ 24 $ 24 Farmland - 71 71 Residential - 627 627 Commercial mortgage 300 143 443 Commercial & agricultural - 130 130 Consumer & other - 424 424 Total $ 300 $ 1,419 $ 1,719 December 31, 2023 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Construction & development $ - $ 29 $ 29 Farmland 314 86 400 Residential - 221 221 Commercial mortgage 339 176 515 Commercial & agricultural - 130 130 Consumer & other 398 38 436 Total $ 1,051 $ 680 $ 1,731 Nonaccrual Loans, continued The following table represents the accrued interest receivables written off on nonaccrual loans by reversing interest income during the three and nine months ended September 30, 2024 and September 30, 2023: (dollars in thousands) For the Three Months Ended September 30, 2024 For the Three Months Ended September 30, 2023 Construction & development $ - $ - Farmland - - Residential - - Commercial mortgage - - Commercial & agricultural - - Consumer & other 1 1 Total $ 1 $ 1 (dollars in thousands) For the Nine Months Ended September 30, 2024 For the Nine Months Ended September 30, 2023 Construction & development $ - $ - Farmland - - Residential 3 16 Commercial mortgage - - Commercial & agricultural - - Consumer & other 1 1 Total $ 4 $ 17 Aging Analysis The following table presents an aging analysis of past due loans by category as of September 30, 2024: Accruing (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Nonaccrual Loans Current Total Loans September 30, 2024 Real Estate Secured: Construction & development $ 68 $ - $ - $ 24 $ 64,455 $ 64,547 Farmland - - - 71 24,856 24,927 Residential 592 40 - 627 505,236 506,495 Commercial mortgage - - - 443 279,542 279,985 Non-Real Estate Secured: Commercial & agricultural 5 - - 130 59,251 59,386 Consumer & other 62 22 - 424 17,274 17,782 Total $ 727 $ 62 $ - $ 1,719 $ 950,614 $ 953,122 The following table presents an aging analysis of past due loans by category as of December 31, 2023: Accruing (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due 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 Collateral Dependent Loans Loans that do not share risk characteristics within their respective loan pools are individually evaluated. The Company has certain loans for which repayment is dependent upon the operation or sale of collateral, as the borrower is experiencing financial difficulty. The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans: ● Construction and development loans include both commercial and consumer loans. Commercial loans are typically secured by first liens on raw land acquired for the construction of owner occupied commercial real estate or non-owner occupied commercial real estate. Consumer loans are typically secured by a first lien on raw land acquired for the construction of residential homes for which a binding sales contract exists. ● 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 mortgages, and in some cases could be secured by a second mortgage. ● Home equity lines of credit are generally secured by second mortgages on residential real estate property. ● Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no underlying collateral. The following table details the amortized cost of collateral dependent loans as of September 30, 2024 and December 31, 2023: (dollars in thousands) 2024 2023 Construction & development $ - $ - Farmland - - Residential - - Commercial mortgage 300 339 Commercial & agricultural - - Consumer & other - - Total Loans $ 300 $ 339 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 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 commitments to lend additional funds to borrowers experiencing financial difficulty as of September 30, 2024 and December 31, 2023. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. For the real estate loans included in the “combination” columns below, multiple types of modifications have been made on the same loan within the current reporting period. The combination is at least two of the following: a term extension, principal forgiveness, and interest rate reduction. There were no loans modified to borrowers experiencing financial difficulty during the three months ended September 30, 2024. The following table shows the amortized cost basis of loans modified to borrowers experiencing financial difficulty for the nine months ended September 30, 2024 and September 30, 2023 and for the three months ended September 30, 2023, disaggregated by class of loans and type of concession granted and describes the financial effect of the modifications made to borrowers experiencing financial difficulty: Term Extension Nine Months Ended September 30, 2024 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 23 0.01 % Added an average of 11.92 years to the life of the loan, which resulted in reduced payment. Total $ 23 Combination Term Extension & Interest Rate Reduction Nine Months Ended September 30, 2023 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 595 0.15 % Reduced average interest rate from 8.75% to 5.75%. Added 3.86 years to the life of the loan, which resulted in reduced payment. Consumer & agricultural 430 2.09 % Reduced average interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 1,025 Combination Term Extension & Interest Rate Reduction Three Months Ended September 30, 2023 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 586 0.15 % Reduced average interest rate from 7.50% to 6.50%. Added 4.92 years to the life of the loan, which resulted in reduced payment. Consumer & agricultural 430 2.09 % Reduced average interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 1,025 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 months before default to borrowers experiencing financial difficulty. 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 months as of September 30, 2024 and September 30, 2023: Payment Status (Amortized Cost Basis) (dollars in thousands) Current 30-89 Days Past Due 90+ Days Past Due September 30, 2024 Construction & development $ - $ - $ - Farmland - - - Residential 608 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 376 - - Total $ 984 $ - $ - September 30, 2023 Construction & development $ - $ - $ - Farmland - - - Residential 595 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 430 - - Total $ 1,025 $ - $ - 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 credit loss estimate is reported for off-balance-sheet credit exposures that are unconditionally cancellable by the Company or for undrawn amounts under such arrangements that may be drawn prior to the cancellation of the arrangement. The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the three and nine months ended September 30, 2024 and September 30, 2023: (dollars in thousands) Total Allowance for Credit Losses – Unfunded Commitments For the Three Months Ended September 30, 2024 Balance, June 30, 2024 $ 389 Provision for credit losses - unfunded commitments 28 Balance, September 30, 2024 $ 417 For the Three Months Ended September 30, 2023 Balance, June 30, 2023 $ 306 Provision for credit losses - unfunded commitments 83 Balance, September 30, 2023 $ 389 For the Nine Months Ended September 30, 2024 Balance, December 31, 2023 $ 402 Provision for credit losses - unfunded commitments 15 Balance, September 30, 2024 $ 417 For the Nine Months Ended September 30, 2023 Balance, December 31, 2022 $ 46 Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 313 Provision for credit losses - unfunded commitments 30 Balance, September 30, 2023 $ 389

Note 6 - Deposits

Note 6 - Deposits	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 6. Deposits The following table presents the composition of deposits at September 30, 2024 and December 31, 2023: September 30, December 31, (dollars in thousands) 2024 2023 Interest-bearing deposits: Interest-bearing demand deposit accounts $ 144,219 $ 136,305 Money market 84,947 70,669 Savings 173,319 152,666 Time deposits 343,082 263,987 Total interest-bearing deposits 745,567 623,627 Noninterest-bearing deposits 340,340 305,115 Total deposits $ 1,085,907 $ 928,742 The aggregate amount of time deposits in denominations of more than $250 thousand at September 30, 2024 and December 31, 2023 was $103.6 million, and $78.6 million, respectively.

Note 7 - Employee Benefit Plans

Note 7 - Employee Benefit Plans	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Retirement Benefits [Text Block]	Note 7. Employee Benefit Plan The Bank has a qualified noncontributory defined benefit pension plan that covers substantially all of its employees. Effective December 31, 2012, the pension plan was amended to freeze benefit accruals for all eligible employees. The following is a summary of net periodic pension costs for the nine-month and three-month periods ended September 30, 2024 and 2023. Nine Months Ended September 30, Three Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Interest cost $ 93 $ 108 $ 31 $ 36 Expected return on plan assets (378 ) (360 ) (126 ) (120 ) Recognized net actuarial loss 87 147 29 49 Net periodic benefit $ (198 ) $ (105 ) $ (66 ) $ (35 ) It has been Company 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 and there is no required contribution for 2024. Based on this we do not anticipate making a contribution to the plan in 2024.

Note 8 - Goodwill and Intangibl

Note 8 - Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 8. Goodwill and Intangible Assets Goodwill An analysis of goodwill during the nine-month period ended September 30, 2024 and for the year ended December 31, 2023 is as follows: September 30, December 31, (dollars in thousands) 2024 2023 Beginning of year $ 3,257 $ 3,257 Acquired goodwill as a result of JCB merger 4,643 - Impairment - - End of the period $ 7,900 $ 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 September 30, 2024 and December 31, 2023 are as follows: September 30, December 31, (dollars in thousands) 2024 2023 Balance at beginning of year, net of accumulated amortization $ 917 $ 1,286 Core deposit intangible as result of JCB merger 3,380 - Amortization expense (266 ) (369 ) Net book value $ 4,031 $ 917 Aggregate amortization expense was $266 thousand and $289 thousand for the nine-month periods ended September 30, 2024 and 2023, respectively. Aggregate amortization expense was $107 thousand and $79 thousand for the three-month periods ended September 30, 2024 and 2023, respectively. The following table presents the estimated amortization expense of the core deposit intangible over the remaining useful life: (dollars in thousands) Three months ending December 31, 2024 $ 216 For the year ending December 31, 2025 771 For the year ending December 31, 2026 647 For the year ending December 31, 2027 565 For the year ending December 31, 2028 484 Thereafter 1,348 Total $ 4,031

Note 9 - Leases

Note 9 - Leases	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 9. Leases 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. The Company has elected the practical expedient provided by Topic 842 not to allocate consideration in a contract between lease and non-lease components. The Company also elected, as provided by the standard, not to recognize right-of-use assets and lease liabilities for short-term leases, defined by the standard as leases with terms of 12 months or less. The Company renewed two operating leases during the first nine months of 2024 and recognized a right-of-use asset and lease liability on the renewals. In August 2024, the Company was released from an operating lease, which resulted in the elimination of $197 thousand in right-of-use asset and lease liability. The Company entered into an operating lease in June 2023 and as a result incurred $95 thousand in initial direct costs that was factored into the right-of-use asset. In August 2023, the Company executed a sale leaseback transaction on a branch location which resulted in a gain of $197 thousand, and as a result, entered into a two 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 related parties. The Company’s lease right-of-use assets are included in other assets and the lease liabilities are included in other liabilities. The following tables present information about leases: September 30, December 31, (dollars in thousands) 2024 2023 Lease liabilities $ 1,591 $ 1,983 Right-of-use assets $ 1,674 $ 2,073 Weighted average remaining lease term (years) 7.41 7.45 Weighted average discount rate 4.10 % 3.98 % Nine Months Ended September 30, (dollars in thousands) 2024 2023 Lease Expense Operating lease expense $ 293 $ 178 Short-term lease expense 9 8 Total lease expense $ 302 $ 186 Cash paid for amounts included in lease liabilities $ 293 $ 178 The following table presents a maturity schedule of undiscounted cash flows that contribute to the lease liabilities: (dollars in thousands) Three months ending December 31, 2024 $ 85 Twelve months ending December 31, 2025 297 Twelve months ending December 31, 2026 230 Twelve months ending December 31, 2027 223 Twelve months ending December 31, 2028 231 Thereafter 798 Total undiscounted cash flows $ 1,864 Less discount (273 ) Lease liabilities $ 1,591

Note 10 - Share-based Compensat

Note 10 - Share-based Compensation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 10. Share-Based Compensation The Equity Plan was adopted by the Board of Directors of the Company on March 17, 2020 and approved by the Company’s shareholders on August 18, 2020. The Equity Plan permits the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, and stock awards to key employees and non-employee directors of the Company or its subsidiaries. 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 award may be granted under the Equity Plan after March 16, 2030 and any awards outstanding on such date shall remain valid in accordance with their terms. The Board of Directors shall have the right to terminate the Equity Plan at any time pursuant to the terms of the Equity Plan. The Compensation Committee of the Board of Directors has been appointed to administer the Equity Plan. The maximum aggregate number of shares that may be issued pursuant to awards made under the Equity Plan shall not exceed 300,000 shares of common stock. As of September 30, 2024, 134,900 shares have been issued under the Equity Plan, leaving 165,100 shares available for future grants. On March 28, 2024, 65,000 restricted stock awards were issued with a fair value of $11.30 per share. These awards vest 20% on December 15, 2024, 20% on December 15, 2025, 20% on December 15, 2026, 20% on December 15, 2027, and 20% on December 15, 2028. On September 3, 2024, 10,000 restricted stock awards were issued with a fair value of $11.33 per share. These awards vest 25% on December 15, 2025, 25% on December 15, 2026, 25% on December 15, 2027, and 25% on December 15, 2028. For the nine months ended September 30, 2024 and 2023, $157 thousand and $83 thousand, respectively, was recognized as compensation expense related to share-based compensation. For the three months ended September 30, 2024 and 2023, $70 thousand and $17 thousand was recognized as compensation expense related to share-based compensation for restricted stock awards. As of September 30, 2024, the unrecognized compensation expense related to unvested restricted stock awards was $822 thousand. The unrecognized compensation expense is expected to be recognized over a weighted average period of 3.99 years. The following table presents the activity for restricted stock: 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, 2022 18,850 $ 12.38 Granted - - Vested (8,225 ) 12.21 $ 99 Forfeited - - Unvested as of December 31, 2023 10,625 $ 12.54 Granted 75,000 11.30 Vested - - $ - Forfeited - - Unvested as of September 30, 2024 85,625 $ 11.45

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 11. Commitments and Contingencies 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 be material to the consolidated financial statements. 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 September 30, 2024 and December 31, 2023 is as follows: September 30, December 31, (dollars in thousands) 2024 2023 Commitments to extend credit $ 218,942 $ 195,991 Standby letters of credit 1,104 583 $ 220,046 $ 196,574 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Bank upon extension of credit, is based on management’s credit evaluation of the party. Collateral held varies, but may include accounts receivable, inventory, property and equipment, residential real estate and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. Those guarantees are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held varies as specified above and is required in instances which the Bank deems necessary. 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. The distribution of commitments to extend credit approximates the distribution of loans outstanding. Standby letters of credit are granted primarily to commercial borrowers. The Bank’s primary focus is toward small business and consumer transactions, and accordingly, it does not have a significant number of credits to any single borrower or group of related borrowers. The Bank has cash and cash equivalents on deposit with financial institutions which exceed federally insured limits.

Note 12 - Financial Instruments

Note 12 - Financial Instruments	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Financial Instruments Disclosure [Text Block]	Note 12. Financial Instruments FASB ASC 825, “Financial Instruments”, requires disclosure of fair value information about financial instruments, whether or not recognized in the balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value of future cash flows or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. FASB ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments not recorded at fair value on a recurring basis as of September 30, 2024 and December 31, 2023. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For non-marketable equity securities such as FHLB and Federal Reserve Bank stock, the carrying amount is a reasonable estimate of the fair value as these securities can only be redeemed or sold at their par value and only to the respective issuing government supported institution or to another member institution. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. For loans, the carrying amount is net of unearned income and the allowance for credit losses. In accordance with ASU No. 2016-01, the fair value of loans as of September 30, 2024 and December 31, 2023, was measured using an exit price notion. 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) September 30, 2024 Financial Instruments – Assets Net Loans $ 945,335 $ 912,232 $ - $ - $ 912,232 Financial Instruments – Liabilities Time Deposits 343,082 339,351 - 339,351 - FHLB Advances 20,000 19,992 - 19,992 - 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 - 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 be required to record at fair value other assets on a nonrecurring basis, such as loans or foreclosed assets. These nonrecurring fair value adjustments typically involve application of lower of cost or market accounting or write-downs of individual assets. Fair Value Hierarchy Under FASB ASC 820, “Fair Value Measurements and Disclosures”, the Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques may include the use of option pricing models, discounted cash flow models and similar techniques. 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 available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter markets and money market funds. Level 2 securities include mortgage-backed securities issued by government sponsored entities, municipal bonds and corporate debt securities. Securities classified as Level 3 include asset-backed securities in less liquid markets. Individually Evaluated Loans Individually evaluated loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are evaluated for potential specific reserves and adjusted, if a shortfall exists, to fair value less costs to sell. Fair value is measured based on the value of the underlying collateral securing the loan if repayment is expected solely from the sale or operation of the collateral or present value of estimated future cash flows discounted at the loan’s contractual interest rate if the loan is not determined to be collateral dependent. All loans individually evaluated are classified as Level 3 in the fair value hierarchy. 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 utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the appraisers to adjust for differences between the comparable sales and income data available. These routine adjustments are made to adjust the value of a specific property relative to comparable properties for variations in qualities such as location, size, and income production capacity relative to the subject property of the appraisal. Such adjustments are typically significant and result in a Level 3 classification of the inputs for determining fair value. 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. When the fair value of the collateral is based on either an external or internal appraisal and there is no observable market price, the Company records the other real estate owned as nonrecurring Level 3. As a result of the JCB merger, there was one property valued at $140 thousand in other real estate owned at September 30, 2024 and there was no Assets Recorded at Fair Value on a Recurring Basis (dollars in thousands) Total Level 1 Level 2 Level 3 September 30, 2024 Investment securities available for sale U.S. Treasury securities $ 2,479 $ - $ 2,479 $ - U.S. Government agencies 22,243 - 22,243 - Mortgage-backed securities 58,843 - 58,843 - Corporate securities 1,477 - 1,477 - State and municipal securities 38,864 - 38,864 - Total assets at fair value $ 123,906 $ - $ 123,906 $ - 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 $ - No no Assets Recorded at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets and liabilities at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets and liabilities that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. No (dollars in thousands) Total Level 1 Level 2 Level 3 September 30, 2024 Individually evaluated loans $ 1,813 $ - - $ 1,813 Other real estate owned 140 $ - - 140 Total assets at fair value $ 1,953 $ - $ - $ 1,953 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Individually evaluated loans $ 1,635 $ - - $ 1,635 Total assets at fair value $ 1,635 $ - $ - $ 1,635 For Level 3 assets measured at fair value on a recurring or non-recurring basis as of September 30, 2024 and December 31, 2023, the significant unobservable inputs used in the fair value measurements were as follows: Fair Value at September 30, 2024 Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Individually Evaluated Loans $ 1,813 $ 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% Other Real Estate Owned $ 140 $ - Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 - 10%

Note 13 - Short-term Borrowings

Note 13 - Short-term Borrowings	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Short-Term Debt [Text Block]	Note 13. Short-Term Borrowings At September 30, 2024, the Bank had a $15.0 million FHLB advance outstanding at a rate of 5.00%, with a maturity date of January 9, 2025, that was classified as short-term. Also at September 30, 2024, the Bank had a $5.0 million FHLB advance outstanding at a rate of 5.07%, with a maturity date of October 17, 2024, that was classified as short-term. On September 9, 2024, the Company entered into a $5.0 million unsecured revolving line of credit, with a maturity date of September 9, 2025. Interest on the line of credit is variable and is set at the prime rate. At September 30, 2024, $5.0 million was outstanding under this revolving line of credit at a rate of 8.00% and was classified as short-term debt. At December 31, 2023, the Bank had a $25.0 million FHLB advance outstanding at a rate of 5.45%, with a maturity date of January 10, 2024, that was classified as short-term. At December 31, 2023, the Bank had a $2.5 million borrowing from the Federal Reserve’s Bank Term Funding Program outstanding at a rate of 5.46%, with a maturity date of August 2, 2024, that was classified as short-term. During the first quarter of 2024, this $2.5 million borrowing was repaid with no At September 30, 2024, the Bank had established unsecured lines of credit of approximately $73.0 million with correspondent banks to provide additional liquidity if, and as needed. In addition, the Bank has the ability to borrow up to approximately $246.0 million from the FHLB, subject to the pledging of collateral.

Note 14 - Long-term Borrowings

Note 14 - Long-term Borrowings	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Long-Term Debt [Text Block]	Note 14. Long-Term Borrowings At September 30, 2024 and December 31, 2023, neither the Company nor the Bank had no

Note 15 - Capital Requirements

Note 15 - Capital Requirements	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 15. Capital Requirements The Company meets eligibility criteria of a small bank holding company in accordance with the Federal Reserve Small Bank Holding Company Policy Statement, and is not obligated to report consolidated regulatory capital. The Bank’s actual capital amounts and ratios are presented in the following table as of September 30, 2024 and December 31, 2023, respectively. These ratios comply with Federal Reserve rules to align with the Basel III Capital requirements effective January 1, 2015. Actual For Capital Adequacy Purposes To Be Well- Capitalized Amount Ratio Amount Ratio Amount Ratio September 30, 2024 Total Capital (to risk weighted assets) $ 104,744 11.10 % $ 75,457 8.00 % $ 94,322 10.00 % Tier 1 Capital (to risk weighted assets) $ 96,736 10.26 % $ 56,593 6.00 % $ 75,457 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 96,736 10.26 % $ 42,445 4.50 % $ 61,309 6.50 % Tier 1 Capital (to average total assets) $ 96,736 8.55 % $ 45,233 4.00 % $ 56,541 5.00 % 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 % On September 17, 2019 the Federal Deposit Insurance Corporation finalized a rule that introduces an optional simplified measure of capital adequacy for qualifying community banking organizations (i.e., the community bank leverage ratio (“CBLR”) framework. The CBLR framework is designed to reduce burden by removing the requirements for calculating and reporting risk-based capital ratios for qualifying community banking organizations that opt into the framework. In order to qualify for the CBLR framework, a community banking organization must have a Tier 1 leverage ratio of greater than 9.00%, less than $10.0 billion in total consolidated assets, and limited amounts of off-balance sheet exposures and trading assets and liabilities. A qualifying community banking organization that opts into the CBLR framework and meets all requirements under the framework will be considered to have met the well-capitalized ratio requirements under the prompt corrective action regulations and will not be required to report or calculated risk-based capital. The CBLR framework was available for banks to use in their September 30, 2024 Call Report. At this time the Company has elected not to opt into the CBLR framework for the Bank, but may opt into the CBLR framework in the future.

Note 16 - Subsequent Events

Note 16 - Subsequent Events	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Subsequent Events [Text Block]	Note 16. Subsequent Events 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 exist at the date of the balance sheet but arose after that date. Management has reviewed the events occurring through the date the consolidated financial statements were issued and no subsequent events occurred requiring accrual or disclosure.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		Item 5. Other Information During the fiscal quarter ended September 30, 2024, none
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
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 On September 1, 2024, the Company completed its merger with JCB. The merger was accounted for under the acquisition method of accounting. The Company was considered the acquirer and JCB was considered the acquiree in the transaction for accounting purposes. 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
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 be necessary based on changes in local economic conditions. In addition, regulatory agencies, as a part of their routine examination process, periodically review the Bank’s allowances for credit and foreclosed real estate losses. Such agencies may require the Bank to recognize additions to the allowances based on their judgments about information available to them at the time of their examinations. Because of these factors, it is reasonably possible that the allowances for credit and foreclosed real estate losses may change materially in the near term. 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 result in the assessment of additional taxes, interest and penalties. As a result, the ultimate outcome, and the corresponding financial statement impact, can be difficult to predict with accuracy. 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 occur in the future due to changes in these assumptions.
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.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restrictions on Cash 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 Federal Reserve lowered the reserve requirement ratios on transaction accounts to zero percent effective March 26, 2020; therefore, there were no required reserve balances as of September 30, 2024 or December 31, 2023.
Marketable Securities, Trading Securities [Policy Text Block]	Trading Securities The Company does not hold securities for short-term resale and therefore does not maintain a trading securities portfolio.
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 currently hold any securities classified as held to maturity.
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 classified as trading securities or as held to maturity securities. 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, the Company adopted ASU 2016-13 Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments In addition, ASC 326 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 intend to sell and does not believe that it is more likely than not, they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. The transition adjustment of the adoption of CECL included an increase in the allowance for credit losses on loans of $592 thousand, which is presented as a reduction to net loans outstanding, and an increase in the allowance for credit losses on unfunded loan commitments of $313 thousand, which is recorded within Other Liabilities. The Company recorded a net decrease to retained earnings of $710 thousand as of January 1, 2023 for the cumulative effect of adopting CECL, which reflects the transition adjustments noted above, net of the applicable deferred tax assets recorded. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with previously applicable accounting standards (“Incurred Loss”). The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. Therefore, upon adoption of ASC 326, the Company determined that an allowance for credit losses on available for sale securities was not deemed necessary. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest. 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 affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions, which includes forecasted future economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. The adoption of ASC 326 eliminated the accounting guidance for troubled debt restructurings by creditors and enhanced the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. For information related to modifications made to borrowers experiencing financial difficulty after the adoption of ASC 326 and information regarding troubled debt restructurings before the adoption of ASC 326, see Note 5 to the consolidated financial statements.
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 that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income. 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 September 30, 2024 and December 31, 2023, there was no allowance for credit loss related to the available for sale portfolio. Accrued interest receivable on available for sale debt securities, which is reported in accrued interest receivable on the consolidated balance sheets, totaled $513 thousand and $641 thousand at September 30, 2024 and December 31, 2023, respectively and was excluded from the estimate of credit losses.
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 $3.3 million and $2.8 million at September 30, 2024 and December 31, 2023, respectively and was reported in accrued interest receivable on the consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. 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 recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured. Purchased Credit Deteriorated Loans Upon adoption of ASC 326, loans that were designated as Purchased Credit Impaired loans under the previous accounting guidance were classified as PCD loans without reassessment. In future acquisitions, the Company may purchase loans, some of which have experienced more than insignificant credit deterioration since origination. In those cases, the Company will consider internal loan grades, delinquency status and other relevant factors in assessing whether purchased loans are PCD. PCD loans are recorded at the amount paid. An initial allowance for credit loss is determined using the same methodology as other loans held for investment, but with no impact to earnings. The initial allowance for credit loss determined on a collective basis is allocated to individual loans. The sum of the loan's purchase price and allowance for credit loss becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the par value of the loan is a noncredit discount or premium, which is amortized into interest income over the life of the loan. Subsequent to initial recognition, PCD loans are subject to the same interest income recognition and impairment model as non-PCD loans, with changes to the allowance for credit loss recorded through provision expense.
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 exceed the aggregate of amounts previously charged-off and expected to be charged-off. Accrued interest receivable is excluded from the estimate of credit losses. 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 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 be completed, and as such, may not provide sufficient cash flow on its own to service the debt or have sufficient value in a liquidation to cover the outstanding principal. The condition of the local economy is an important indicator of risk, but there are also more specific risks depending on the type of project and the experience and resources of the developer. Consumer loans are made for the construction of residential homes for which a binding sales contract exists and generally are for a period of time sufficient to complete construction. Residential construction loans to individuals generally provide for the payment of interest only during the construction phase. Credit risk for residential real estate construction loans can arise from construction delays, cost overruns, failure of the contractor to complete the project to specifications and economic conditions that could impact demand for or supply of the property being constructed. ● 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 and whether wooded or not. Primary source of repayment for these loans is the income of the borrower. The condition of the local economy is an important indicator of risk for this segment. The state of the real estate market, in regards to farmland, can also have a significant impact on this segment because low demand and/or declining values can limit the ability of borrowers to sell a property and satisfy the debt. ● Residential loans are loans secured by first and second liens such as home equity loans, home equity lines of credit, 1-4 family residential mortgages, including purchased money mortgages, as well as multifamily units. The primary source of repayment for these loans is the income of the borrower. The condition of the local economy, in particular the unemployment rate, is an important indicator of risk for this segment. The state of the local housing market can also have a significant impact on this segment because low demand and/or declining home values can limit the ability of borrowers to sell a property and satisfy the debt. Allowance for Credit Losses Loans, continued ● 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 have sufficient value in a distressed or liquidation scenario to satisfy the outstanding debt. ● Consumer and other loans 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 increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth, industry concentrations, trends in underlying collateral, external factors and economic conditions not already captured. The Company has designated 5-year treasury yield, federal funds rates, and national unemployment as its forecast variables for a period of 12 months. These forecasts from reputable and independent third parties are sourced to inform the Company’s reasonable and supportable forecasting of current expected credit losses. Loans that do not share risk characteristics are evaluated on an individual basis. When management determines that foreclosure is probable and the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date unadjusted for selling costs as appropriate. 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-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets.
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 10 - 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 intentions to re-open or otherwise use the location. These properties are to be sold and are initially recorded at fair value less anticipated cost to sell, establishing a new cost basis. After acquisition, valuations are periodically performed by management and the other real estate owned is carried at the lower of carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses on the consolidated statements of income.
Share-Based Payment Arrangement [Policy Text Block]	Share-Based Compensation The Parkway Acquisition Corp. 2020 Equity Incentive Plan (the “Equity Plan”) was adopted by the Board of Directors of the Company on March 17, 2020 and approved by the Company’s shareholders on August 18, 2020. The Equity Plan permits the grant of incentive stock options, nonqualified stock options, restricted stock, restricted stock units, stock appreciation rights, and stock awards to key employees and non-employee directors of the Company or its subsidiaries. As of September 30, 2024, only restricted stock awards have been issued to key employees and stock awards have been issued to non-employee directors. The fair value of the stock awards or restricted stock is determined based on the closing price of the Company’s common stock on the date of grant. The Company recognizes compensation expense related to restricted stock on a straight-line basis over the vesting period for service-based awards. See additional discussion of share-based compensation in Note 10 to the consolidated financial statements.
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 and the Internal Revenue Code.
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) the assets have been isolated from the Bank; (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets; and (3) the Bank does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
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 acquiree, 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 amortized, but tested for impairment at least annually or more frequently in events and circumstances exists that indicate that a goodwill impairment test should be performed. The Company has selected November 1 as the date to perform the annual impairment test. Intangible assets with definite useful lives are amortized over their estimated useful lives to their estimated residual values. Goodwill is the only intangible asset with an indefinite life on our balance sheet. 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
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 a material change to the timing of expense recognition. See additional discussion of leases in Note 9 to the consolidated financial statements.
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, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets are reduced by a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized.
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. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Advertising Cost [Policy Text Block]	Advertising Expense The Company expenses advertising costs as they are incurred. Advertising expense for the nine months ended September 30, 2024 and 2023 amounted to $713 thousand and $549 thousand, respectively. Advertising expense for the three months ended September 30, 2024 and 2023 amounted to $256 thousand and $227 thousand, respectively.
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 nine and three months ended September 30, 2024 and 2023, there were no dilutive instruments.
Revenue [Policy Text Block]	Revenue Recognition Service Charges on Deposit Accounts - Mortgage Origination Fees Other Service Charges and Fees - ● ATM, Credit and Debit Card Fees - ● Insurance and Investment -
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: Unrealized Gains and (Losses) (dollars in thousands) On Available for Defined Benefit Sale Securities Pension Items Total Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Other comprehensive income before reclassifications (2,548 ) - (2,548 ) Amounts reclassified from accumulated other comprehensive income, net of tax 13 - 13 Balance September 30, 2023 $ (23,477 ) $ (1,964 ) $ (25,441 ) Balance, December 31, 2023 $ (17,964 ) $ (1,376 ) $ (19,340 ) Other comprehensive loss before reclassifications 3,357 - 3,357 Amounts reclassified from accumulated other comprehensive loss, net of tax 111 - 111 Balance September 30, 2024 $ (14,496 ) $ (1,376 ) $ (15,872 )
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassification No reclassifications have been made to the prior years’ financial statements to place them on a comparable basis with the current presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements The following accounting standards may affect the future financial reporting by the Company: In December 2022, the FASB issued amendments to extend the period of time preparers can use the reference rate reform relief guidance under ASC Topic 848 from December 31, 2022, to December 31, 2024, to address the fact that all London Interbank Offered Rate (“LIBOR”) tenors were not discontinued as of December 31, 2021, and some tenors were published until June 2023. The amendments are effective immediately for all entities and applied prospectively. The Company does not expect these amendments to have a material effect on its financial statements. In July 2023, the FASB issued amendments to SEC Paragraphs in the Accounting Standards Codification pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022, EITF Meeting, and Staff Accounting Bulletin Topic 6.B. The amendments were effective upon issuance. The Company does not expect these amendments to have a material effect on its financial statements. In August 2023, the FASB issued amendments to SEC Paragraphs in the Accounting Standards Codification pursuant to SEC Staff Accounting Bulletin No. 121. The amendments were effective upon issuance. The Company does not expect these amendments to have a material effect on its financial statements. In December 2023, the FASB amended the Income Taxes topic in the Accounting Standards Codification to improve the transparency of income tax disclosures. The amendments are effective for annual periods beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company does not expect these amendments to have a material effect on its financial statements. In March 2024, the FASB issued amendments to the Codification that remove references to various FASB Concepts Statements. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company will apply the amendments prospectively to all new transactions recognized on or after the date that the Company first applies the amendments. The Company does not expect these amendments to have a material effect on its financial statements. Other accounting standards that have been issued or proposed by the FASB or other standards-setting bodies are not expected to have a material impact on the Company’s consolidated financial position, results of operations or cash flows.

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Useful Lives of Property, Plant and Equipment [Table Text Block]	Years Buildings and improvements 10 - 40 Furniture and equipment 5 - 12
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Unrealized Gains and (Losses) (dollars in thousands) On Available for Defined Benefit Sale Securities Pension Items Total Balance, December 31, 2022 $ (20,942 ) $ (1,964 ) $ (22,906 ) Other comprehensive income before reclassifications (2,548 ) - (2,548 ) Amounts reclassified from accumulated other comprehensive income, net of tax 13 - 13 Balance September 30, 2023 $ (23,477 ) $ (1,964 ) $ (25,441 ) Balance, December 31, 2023 $ (17,964 ) $ (1,376 ) $ (19,340 ) Other comprehensive loss before reclassifications 3,357 - 3,357 Amounts reclassified from accumulated other comprehensive loss, net of tax 111 - 111 Balance September 30, 2024 $ (14,496 ) $ (1,376 ) $ (15,872 )

Note 2 - Business Combinations

Note 2 - Business Combinations (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	(dollars in thousands) As Reported by Fair Value As Reported by JCB Adjustments the Company Assets Cash and cash equivalents $ 7,267 $ - $ 7,267 Investment securities available for sale 48,293 (1,790 ) 46,503 Restricted equity securities 482 - 482 Loans 91,411 (4,235 ) 87,176 Allowance for credit losses (823 ) 627 (196 ) Cash Value of life insurance 3,700 - 3,700 Other real estate owned 140 - 140 Property and equipment 511 1,307 1,818 Accrued interest receivable 413 - 413 Core deposit intangible - 3,380 3,380 Deferred tax assets, net 1,934 231 2,165 Other assets 1,346 (66 ) 1,280 Total assets acquired $ 154,674 $ (546 ) $ 154,128 Liabilities Deposits $ 125,437 $ (146 ) $ 125,291 Borrowings 8,000 88 8,088 Accrued interest payable 275 - 275 Other liabilities 112 5 117 Total liabilities acquired $ 133,824 $ (53 ) $ 133,771 Net assets acquired 20,357 Cash consideration 25,000 Goodwill $ 4,643
Schedule of Business Acquisitions, Loans and Credit Losses [Table Text Block]	(dollars in thousands) PCD Loans Non-PCD Loans Total Loans September 1, 2024 Number of Loans 128 1,136 1,264 JCB recorded value $ 6,127 $ 85,284 $ 91,411 Discount for credit risk (256 ) (370 ) (626 ) Discount for non-credit factors (396 ) (3,409 ) (3,805 ) Reclass of PCD discount to ACL 196 - 196 Fair value $ 5,671 $ 81,505 $ 87,176
Business Acquisition, Pro Forma Information [Table Text Block]	Nine Months ended September 30, 2024 2023 (Unaudited) (Unaudited) Net interest income $ 27,660 $ 26,439 Net income (a) $ 4,732 $ 7,400 Weighted average shares outstanding (b) 5,557,229 5,585,914 Earnings per common share $ 0.85 $ 1.32 Three Months ended September 30, 2024 2023 (Unaudited) (Unaudited) Net interest income $ 9,860 $ 8,668 Net income (a) $ 1,001 $ 2,017 Weighted average shares outstanding (b) 5,553,579 5,571,454 Earnings per common share $ 0.18 $ 0.36

Note 3 - Investment Securities

Note 3 - Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Available-for-Sale Securities Reconciliation [Table Text Block]	(dollars in thousands) Amortized Cost Unrealized Gains Unrealized Losses Fair Value September 30, 2024 Available for sale: U.S. Treasury securities $ 2,505 $ - $ (26 ) $ 2,479 U.S. Government agencies 25,272 - (3,029 ) 22,243 Mortgage-backed securities 66,637 - (7,794 ) 58,843 Corporate securities 1,500 - (23 ) 1,477 State and municipal securities 46,342 4 (7,482 ) 38,864 $ 142,256 $ 4 $ (18,354 ) $ 123,906 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
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 September 30, 2024 Available for sale: U.S. Treasury securities $ - $ - $ 2,479 $ (26 ) $ 2,479 $ (26 ) U.S. Government agencies - - 22,243 (3,029 ) 22,243 (3,029 ) Mortgage-backed securities - - 58,843 (7,794 ) 58,843 (7,794 ) Corporate securities - - 1,477 (23 ) 1,477 (23 ) State and municipal securities - - 37,550 (7,482 ) 37,550 (7,482 ) Total securities available for sale $ - $ - $ 122,592 $ (18,354 ) $ 122,592 $ (18,354 ) 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 )
Schedule of Realized Gain (Loss) [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Realized gains $ - $ 12 $ - $ - Realized losses (141 ) (28 ) - - $ (141 ) $ (16 ) $ - $ -
Investments Classified by Contractual Maturity Date [Table Text Block]	(dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 4,005 $ 3,956 Due after one year through five years 14,523 13,682 Due after five years through ten years 71,609 63,227 Due after ten years 52,119 43,041 $ 142,256 $ 123,906
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(dollars in thousands) 2024 2023 Real Estate Secured: Construction & development $ 64,547 $ 53,473 Farmland 24,927 25,598 Residential 506,495 400,947 Commercial mortgage 279,985 269,666 Non-Real Estate Secured: Commercial & agricultural 59,386 47,681 Consumer & other 17,782 20,339 Total loans 953,122 817,704 Allowance for credit losses (7,787 ) (6,739 ) Loans, net of allowance for credit losses $ 945,335 $ 810,965

Note 5 - Allowance for Credit_2

Note 5 - Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
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 For the Three Months Ended September 30, 2024 Balance, June 30, 2024 $ 791 $ 181 $ 3,349 $ 1,937 $ 455 $ 157 $ 6,870 Merger adjustment for PCD acquired loans 45 - 148 1 - 2 196 Charge-offs - - - - - (22 ) (22 ) Recoveries - - - 1 25 7 33 Provision for (recovery of provision) 115 (8 ) 444 (87 ) (2 ) 248 710 Balance, September 30, 2024 $ 951 $ 173 $ 3,941 $ 1,852 $ 478 $ 392 $ 7,787 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Three Months Ended September 30, 2023 Balance, June 30, 2023 $ 953 $ 140 $ 3,088 $ 1,866 $ 404 $ 173 $ 6,624 Charge-offs - - - - - (36 ) (36 ) Recoveries - - - 1 1 6 8 Provision for (recovery of provision) (51 ) 4 85 38 6 17 99 Balance, September 30, 2023 $ 902 $ 144 $ 3,173 $ 1,905 $ 411 $ 160 $ 6,695 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Nine Months Ended September 30, 2024 Balance, December 31, 2023 $ 910 $ 154 $ 3,167 $ 1,902 $ 424 $ 182 $ 6,739 Merger adjustment for PCD acquired loans 45 - 148 1 - 2 196 Charge-offs - - - - (16 ) (77 ) (93 ) Recoveries - - 9 3 27 19 58 Provision for (recovery of provision) (4 ) 19 617 (54 ) 43 266 887 Balance, September 30, 2024 $ 951 $ 173 $ 3,941 $ 1,852 $ 478 $ 392 $ 7,787 (dollars in thousands) Construction & Development Farmland Residential Commercial Mortgage Commercial & Agricultural Consumer & Other Total For the Nine Months Ended September 30, 2023 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 - - - - - (89 ) (89 ) Recoveries 1 50 1 10 14 17 93 Provision for (recovery of provision) (33 ) (57 ) 73 (183 ) 1 50 (149 ) Balance, September 30, 2023 $ 902 $ 144 $ 3,173 $ 1,905 $ 411 $ 160 $ 6,695 (dollars in thousands) Total Allowance for Credit Losses – Unfunded Commitments For the Three Months Ended September 30, 2024 Balance, June 30, 2024 $ 389 Provision for credit losses - unfunded commitments 28 Balance, September 30, 2024 $ 417 For the Three Months Ended September 30, 2023 Balance, June 30, 2023 $ 306 Provision for credit losses - unfunded commitments 83 Balance, September 30, 2023 $ 389 For the Nine Months Ended September 30, 2024 Balance, December 31, 2023 $ 402 Provision for credit losses - unfunded commitments 15 Balance, September 30, 2024 $ 417 For the Nine Months Ended September 30, 2023 Balance, December 31, 2022 $ 46 Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 313 Provision for credit losses - unfunded commitments 30 Balance, September 30, 2023 $ 389
Financing Receivable Credit Quality Indicators [Table Text Block]	Loan Grades (dollars in thousands) Pass Watch Special Mention Substandard Total September 30, 2024 Real Estate Secured: Construction & development $ 64,315 $ 18 $ - $ 214 $ 64,547 Farmland 23,289 112 726 800 24,927 Residential 503,064 208 2,196 1,027 506,495 Commercial mortgage 273,001 3,484 3,057 443 279,985 Non-Real Estate Secured: Commercial & agricultural 59,181 - 56 149 59,386 Consumer & other 17,320 - 22 440 17,782 Total $ 940,170 $ 3,822 $ 6,057 $ 3,073 $ 953,122 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 Term Loans by Year of Origination Revolving Loans Converted (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving To Term Total Construction & development Pass $ 21,120 $ 17,454 $ 6,359 $ 6,396 $ 1,600 $ 7,757 $ 3,629 $ - $ 64,315 Watch - - - - 18 - - - 18 Special Mention - - - - - - - - - Substandard - 174 - 25 - - 15 - 214 Total construction & development $ 21,120 $ 17,628 $ 6,359 $ 6,421 $ 1,618 $ 7,757 $ 3,644 $ - $ 64,547 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Farmland Pass $ 2,573 $ 3,756 $ 1,994 $ 1,414 $ 2,510 $ 9,393 $ 1,649 $ - $ 23,289 Watch - - - - - 112 - - 112 Special Mention - - - - - 626 100 - 726 Substandard - - - - - 800 - - 800 Total farmland $ 2,573 $ 3,756 $ 1,994 $ 1,414 $ 2,510 $ 10,931 $ 1,749 $ - $ 24,927 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Residential Pass $ 46,039 $ 70,412 $ 111,352 $ 58,541 $ 49,902 $ 90,727 $ 75,410 $ 681 $ 503,064 Watch - - - - 208 - - - 208 Special Mention 219 - 1,019 243 267 448 - - 2,196 Substandard - - 361 14 - 652 - - 1,027 Total residential $ 46,258 $ 70,412 $ 112,732 $ 58,798 $ 50,377 $ 91,827 $ 75,410 $ 681 $ 506,495 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial mortgage Pass $ 21,640 $ 40,512 $ 47,971 $ 48,726 $ 36,857 $ 71,470 $ 5,825 $ - $ 273,001 Watch - - - 1,427 2,037 - 20 - 3,484 Special Mention - - 2,648 - - 409 - - 3,057 Substandard - - - 76 - 367 - - 443 Total residential $ 21,640 $ 40,512 $ 50,619 $ 50,229 $ 38,894 $ 72,246 $ 5,845 $ - $ 279,985 Current period gross write-offs $ - $ - $ - $ - $ - $ - $ - $ - $ - Commercial & agricultural Pass $ 10,117 $ 13,315 $ 6,374 $ 3,807 $ 1,159 $ 1,885 $ 22,524 $ - $ 59,181 Watch - - - - - - - - - Special Mention - - 38 - - 18 - - 56 Substandard - - - - - 149 - - 149 Total commercial & agricultural $ 10,117 $ 13,315 $ 6,412 $ 3,807 $ 1,159 $ 2,052 $ 22,524 $ - $ 59,386 Current period gross write-offs $ - $ 16 $ - $ - $ - $ - $ - $ - $ 16 Consumer & other Pass $ 4,506 $ 3,993 $ 2,547 $ 1,905 $ 172 $ 3,461 $ 736 $ - $ 17,320 Watch - - - - - - - - - Special Mention - 14 1 1 - - 6 - 22 Substandard 27 - - 376 - 37 - - 440 Total consumer & other $ 4,533 $ 4,007 $ 2,548 $ 2,282 $ 172 $ 3,498 $ 742 $ - $ 17,782 Current period gross write-offs $ 8 $ 32 $ 10 $ 7 $ 3 $ 17 $ - $ - $ 77 Total loans Pass $ 105,995 $ 149,442 $ 176,597 $ 120,789 $ 92,200 $ 184,693 $ 109,773 $ 681 $ 940,170 Watch - - - 1,427 2,263 112 20 - 3,822 Special Mention 219 14 3,706 244 267 1,501 106 - 6,057 Substandard 27 174 361 491 - 2,005 15 - 3,073 Total loans $ 106,241 $ 149,630 $ 180,664 $ 122,951 $ 94,730 $ 188,311 $ 109,914 $ 681 $ 953,122 Total Current period gross write-offs $ 8 $ 48 $ 10 $ 7 $ 3 $ 17 $ - $ - $ 93 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]	September 30, 2024 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Construction & development $ - $ 24 $ 24 Farmland - 71 71 Residential - 627 627 Commercial mortgage 300 143 443 Commercial & agricultural - 130 130 Consumer & other - 424 424 Total $ 300 $ 1,419 $ 1,719 December 31, 2023 (dollars in thousands) Nonaccrual Loans with no Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Construction & development $ - $ 29 $ 29 Farmland 314 86 400 Residential - 221 221 Commercial mortgage 339 176 515 Commercial & agricultural - 130 130 Consumer & other 398 38 436 Total $ 1,051 $ 680 $ 1,731 (dollars in thousands) For the Three Months Ended September 30, 2024 For the Three Months Ended September 30, 2023 Construction & development $ - $ - Farmland - - Residential - - Commercial mortgage - - Commercial & agricultural - - Consumer & other 1 1 Total $ 1 $ 1 (dollars in thousands) For the Nine Months Ended September 30, 2024 For the Nine Months Ended September 30, 2023 Construction & development $ - $ - Farmland - - Residential 3 16 Commercial mortgage - - Commercial & agricultural - - Consumer & other 1 1 Total $ 4 $ 17
Financing Receivable, Past Due [Table Text Block]	Accruing (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due Nonaccrual Loans Current Total Loans September 30, 2024 Real Estate Secured: Construction & development $ 68 $ - $ - $ 24 $ 64,455 $ 64,547 Farmland - - - 71 24,856 24,927 Residential 592 40 - 627 505,236 506,495 Commercial mortgage - - - 443 279,542 279,985 Non-Real Estate Secured: Commercial & agricultural 5 - - 130 59,251 59,386 Consumer & other 62 22 - 424 17,274 17,782 Total $ 727 $ 62 $ - $ 1,719 $ 950,614 $ 953,122 Accruing (dollars in thousands) 30-59 Days Past Due 60-89 Days Past Due 90+ Days Past Due 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
Collateral Dependent Financing Receivables [Table Text Block]	(dollars in thousands) 2024 2023 Construction & development $ - $ - Farmland - - Residential - - Commercial mortgage 300 339 Commercial & agricultural - - Consumer & other - - Total Loans $ 300 $ 339
Financing Receivable, Modified [Table Text Block]	Term Extension Nine Months Ended September 30, 2024 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 23 0.01 % Added an average of 11.92 years to the life of the loan, which resulted in reduced payment. Total $ 23 Combination Term Extension & Interest Rate Reduction Nine Months Ended September 30, 2023 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 595 0.15 % Reduced average interest rate from 8.75% to 5.75%. Added 3.86 years to the life of the loan, which resulted in reduced payment. Consumer & agricultural 430 2.09 % Reduced average interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 1,025 Combination Term Extension & Interest Rate Reduction Three Months Ended September 30, 2023 Amortized Cost % of Total Loan Financial (dollars in thousands) Basis Type Effect Residential $ 586 0.15 % Reduced average interest rate from 7.50% to 6.50%. Added 4.92 years to the life of the loan, which resulted in reduced payment. Consumer & agricultural 430 2.09 % Reduced average interest rate from 9.50% to 7.00%. Added 0.61 years to the life of the loan. Total $ 1,025 Payment Status (Amortized Cost Basis) (dollars in thousands) Current 30-89 Days Past Due 90+ Days Past Due September 30, 2024 Construction & development $ - $ - $ - Farmland - - - Residential 608 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 376 - - Total $ 984 $ - $ - September 30, 2023 Construction & development $ - $ - $ - Farmland - - - Residential 595 - - Commercial mortgage - - - Commercial & agricultural - - - Consumer & other 430 - - Total $ 1,025 $ - $ -

Note 6 - Deposits (Tables)

Note 6 - Deposits (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Deposit Liabilities, Type [Table Text Block]	September 30, December 31, (dollars in thousands) 2024 2023 Interest-bearing deposits: Interest-bearing demand deposit accounts $ 144,219 $ 136,305 Money market 84,947 70,669 Savings 173,319 152,666 Time deposits 343,082 263,987 Total interest-bearing deposits 745,567 623,627 Noninterest-bearing deposits 340,340 305,115 Total deposits $ 1,085,907 $ 928,742

Note 7 - Employee Benefit Pla_2

Note 7 - Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	Nine Months Ended September 30, Three Months Ended September 30, (dollars in thousands) 2024 2023 2024 2023 Interest cost $ 93 $ 108 $ 31 $ 36 Expected return on plan assets (378 ) (360 ) (126 ) (120 ) Recognized net actuarial loss 87 147 29 49 Net periodic benefit $ (198 ) $ (105 ) $ (66 ) $ (35 )

Note 8 - Goodwill and Intangi_2

Note 8 - Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Goodwill [Table Text Block]	September 30, December 31, (dollars in thousands) 2024 2023 Beginning of year $ 3,257 $ 3,257 Acquired goodwill as a result of JCB merger 4,643 - Impairment - - End of the period $ 7,900 $ 3,257
Schedule of Finite-Lived Intangible Assets [Table Text Block]	September 30, December 31, (dollars in thousands) 2024 2023 Balance at beginning of year, net of accumulated amortization $ 917 $ 1,286 Core deposit intangible as result of JCB merger 3,380 - Amortization expense (266 ) (369 ) Net book value $ 4,031 $ 917
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(dollars in thousands) Three months ending December 31, 2024 $ 216 For the year ending December 31, 2025 771 For the year ending December 31, 2026 647 For the year ending December 31, 2027 565 For the year ending December 31, 2028 484 Thereafter 1,348 Total $ 4,031

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Lease, Cost [Table Text Block]	September 30, December 31, (dollars in thousands) 2024 2023 Lease liabilities $ 1,591 $ 1,983 Right-of-use assets $ 1,674 $ 2,073 Weighted average remaining lease term (years) 7.41 7.45 Weighted average discount rate 4.10 % 3.98 % Nine Months Ended September 30, (dollars in thousands) 2024 2023 Lease Expense Operating lease expense $ 293 $ 178 Short-term lease expense 9 8 Total lease expense $ 302 $ 186 Cash paid for amounts included in lease liabilities $ 293 $ 178
Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]	(dollars in thousands) Three months ending December 31, 2024 $ 85 Twelve months ending December 31, 2025 297 Twelve months ending December 31, 2026 230 Twelve months ending December 31, 2027 223 Twelve months ending December 31, 2028 231 Thereafter 798 Total undiscounted cash flows $ 1,864 Less discount (273 ) Lease liabilities $ 1,591

Note 10 - Share-based Compens_2

Note 10 - Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2022 18,850 $ 12.38 Granted - - Vested (8,225 ) 12.21 $ 99 Forfeited - - Unvested as of December 31, 2023 10,625 $ 12.54 Granted 75,000 11.30 Vested - - $ - Forfeited - - Unvested as of September 30, 2024 85,625 $ 11.45

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	September 30, December 31, (dollars in thousands) 2024 2023 Commitments to extend credit $ 218,942 $ 195,991 Standby letters of credit 1,104 583 $ 220,046 $ 196,574

Note 12 - Financial Instrumen_2

Note 12 - Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
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) September 30, 2024 Financial Instruments – Assets Net Loans $ 945,335 $ 912,232 $ - $ - $ 912,232 Financial Instruments – Liabilities Time Deposits 343,082 339,351 - 339,351 - FHLB Advances 20,000 19,992 - 19,992 - 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 -
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 September 30, 2024 Investment securities available for sale U.S. Treasury securities $ 2,479 $ - $ 2,479 $ - U.S. Government agencies 22,243 - 22,243 - Mortgage-backed securities 58,843 - 58,843 - Corporate securities 1,477 - 1,477 - State and municipal securities 38,864 - 38,864 - Total assets at fair value $ 123,906 $ - $ 123,906 $ - 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 $ -
Fair Value Measurements, Nonrecurring [Table Text Block]	(dollars in thousands) Total Level 1 Level 2 Level 3 September 30, 2024 Individually evaluated loans $ 1,813 $ - - $ 1,813 Other real estate owned 140 $ - - 140 Total assets at fair value $ 1,953 $ - $ - $ 1,953 (dollars in thousands) Total Level 1 Level 2 Level 3 December 31, 2023 Individually evaluated loans $ 1,635 $ - - $ 1,635 Total assets at fair value $ 1,635 $ - $ - $ 1,635
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	Fair Value at September 30, 2024 Fair Value at December 31, 2023 Valuation Technique Significant Unobservable Inputs General Range of Significant Unobservable Input Values Individually Evaluated Loans $ 1,813 $ 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% Other Real Estate Owned $ 140 $ - Appraised Value/Comparable Sales/Other Estimates from Independent Sources Discounts to reflect current market conditions and estimated costs to sell 0 - 10%

Note 15 - Capital Requirements

Note 15 - Capital Requirements (Tables)	9 Months Ended
	Sep. 30, 2024
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 September 30, 2024 Total Capital (to risk weighted assets) $ 104,744 11.10 % $ 75,457 8.00 % $ 94,322 10.00 % Tier 1 Capital (to risk weighted assets) $ 96,736 10.26 % $ 56,593 6.00 % $ 75,457 8.00 % Common Equity Tier 1 (to risk weighted assets) $ 96,736 10.26 % $ 42,445 4.50 % $ 61,309 6.50 % Tier 1 Capital (to average total assets) $ 96,736 8.55 % $ 45,233 4.00 % $ 56,541 5.00 % 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 %

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands				1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 01, 2024	Apr. 16, 2024	Jan. 01, 2023	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Retained Earnings (Accumulated Deficit)				$ 71,212	$ 71,212		$ 71,212		$ 68,866
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss				513	513		513		641
Financing Receivable, Accrued Interest, after Allowance for Credit Loss				$ 3,300	3,300		3,300		$ 2,800
Advertising Expense					256	$ 227	713	$ 549
Fees, Credit and Debit Cards					815	764	2,300	2,200
Insurance Services Revenue					17	13	52	43
Service Charge on Deposit Accounts [Member]
Revenue from Contract with Customer, Including Assessed Tax					598	564	1,700	1,600
Mortgage Banking [Member]
Revenue from Contract with Customer, Including Assessed Tax					$ 108	37	$ 209	189
Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)				20 years	20 years		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
Johnson County Bank [Member]
Business Combination, Consideration Transferred	$ 25,000	$ 25,000		$ 25,000			$ 25,000	0
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets	154,100			154,128	$ 154,128	0	154,128	0
Financing Receivable, before Allowance for Credit Loss	87,200			87,176	87,176		87,176
Liabilities Assumed	133,800			133,771	133,771	$ 0	133,771	$ 0
Deposits	$ 125,300			$ 125,291	$ 125,291		$ 125,291

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Property and Equipment Useful Lives (Details)	Sep. 30, 2024
Building and Building Improvements [Member] | Minimum [Member]
Property and equipment useful life (Year)	10 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Balance,	$ 82,882	$ 72,936
Balance,	88,623	74,636
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance,	(17,964)	(20,942)
Other comprehensive income before reclassifications	3,357	(2,548)
Amounts reclassified from accumulated other comprehensive income, net of tax	111	13
Balance,	(14,496)	(23,477)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance,	(1,376)	(1,964)
Other comprehensive income before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income, net of tax	0	0
Balance,	(1,376)	(1,964)
AOCI Attributable to Parent [Member]
Balance,	(19,340)	(22,906)
Other comprehensive income before reclassifications	3,357	(2,548)
Amounts reclassified from accumulated other comprehensive income, net of tax	111	13
Balance,	$ (15,872)	$ (25,441)

Note 2 - Business Combination_2

Note 2 - Business Combinations (Details Textual) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 01, 2024	Apr. 16, 2024	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Payments for Merger Related Costs				$ 1,143	$ 0	$ 1,500	$ 0
Johnson County Bank [Member]
Business Combination, Consideration Transferred	$ 25,000	$ 25,000	$ 25,000			25,000	$ 0
Financing Receivable, Allowance for Credit Loss	$ 196		$ 196	196		196
Payments for Merger Related Costs				1,100		1,500
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual				413		413
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual				$ (521)		$ (521)

Note 2 - Business Combination_3

Note 2 - Business Combinations - Assets and Liabilities Acquired (Details) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2024	Sep. 01, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Goodwill	$ 7,900		$ 3,257		$ 3,257
Johnson County Bank [Member]
Cash and cash equivalents	7,267
Investment securities	46,503
Restricted equity securities	482
Financing Receivable, before Allowance for Credit Loss	87,176	$ 87,200
Allowance for credit losses	(196)	(196)
Cash Value of life insurance	3,700
Other real estate owned	140
Property and equipment	1,818
Accrued interest receivable	413
Core deposit intangible	3,380
Deferred tax assets, net	2,165
Other assets	1,280
Total assets acquired	154,128	154,100		$ 0
Deposits	125,291	125,300
Borrowings	8,088
Accrued interest payable	275
Other liabilities	117
Total liabilities acquired	133,771	$ 133,800		0
Net assets acquired	20,357			0
Cash consideration	25,000
Goodwill	4,643			$ 0
Johnson County Bank [Member] | As Reported By JCB [Member]
Cash and cash equivalents	7,267
Investment securities	48,293
Restricted equity securities	482
Financing Receivable, before Allowance for Credit Loss	91,411
Allowance for credit losses	(823)
Cash Value of life insurance	3,700
Other real estate owned	140
Property and equipment	511
Accrued interest receivable	413
Core deposit intangible	0
Deferred tax assets, net	1,934
Other assets	1,346
Total assets acquired	154,674
Deposits	125,437
Borrowings	8,000
Accrued interest payable	275
Other liabilities	112
Total liabilities acquired	133,824
Johnson County Bank [Member] | Fair Value Adjustments [Member]
Cash and cash equivalents	0
Investment securities	(1,790)
Restricted equity securities	0
Financing Receivable, before Allowance for Credit Loss	(4,235)
Allowance for credit losses	627
Cash Value of life insurance	0
Other real estate owned	0
Property and equipment	1,307
Accrued interest receivable	0
Core deposit intangible	3,380
Deferred tax assets, net	231
Other assets	(66)
Total assets acquired	(546)
Deposits	(146)
Borrowings	88
Accrued interest payable	0
Other liabilities	5
Total liabilities acquired	$ (53)

Note 2 - Business Combination_4

Note 2 - Business Combinations - Loans and Allowance For Credit Losses (Details) - Johnson County Bank [Member] $ in Thousands	Sep. 01, 2024 USD ($)	Sep. 30, 2024 USD ($)
Number of Loans	1,264
JCB recorded value	$ 91,411
Discount for credit risk	(626)
Discount for non-credit factors	(3,805)
Reclass of PCD discount to ACL	196	$ 196
Fair value	$ 87,176
PCD Loans [Member]
Number of Loans	128
JCB recorded value	$ 6,127
Discount for credit risk	(256)
Discount for non-credit factors	(396)
Reclass of PCD discount to ACL	196
Fair value	$ 5,671
Non-PCD Loans [Member]
Number of Loans	1,136
JCB recorded value	$ 85,284
Discount for credit risk	(370)
Discount for non-credit factors	(3,409)
Reclass of PCD discount to ACL	0
Fair value	$ 81,505

Note 2.  Business Combinat

Note 2.  Business Combinations - Pro Forma Information (Details) - Johnson County Bank [Member] - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net interest income		$ 9,860	$ 8,668	$ 27,660	$ 26,439
Net income (a)	[1]	$ 1,001	$ 2,017	$ 4,732	$ 7,400
Weighted average shares outstanding (b) (in shares)	[2]	5,553,579	5,571,454	5,557,229	5,585,914
Earnings per common share (in dollars per share)		$ 0.18	$ 0.36	$ 0.85	$ 1.32
[1]Supplemental pro forma net income includes the impact of certain fair value adjustments. Supplemental pro forma net income does not include assumptions on cost savings or the impact of merger-related expenses.[2]Weighted average shares outstanding are not affected by the merger because no common stock was issued in connection with the JCB acquisition. The acquisition was an all-cash transaction valued at $25.0 million.

Note 3 - Investment Securitie_2

Note 3 - Investment Securities (Details Textual) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Restricted Investments	$ 4,235		$ 3,338
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	79
Percentage of Debt Securities with Unrealized Losses Depreciated	13.02%
Proceeds from Sale of Debt Securities, Available-for-Sale	$ 46,210	$ 4,427
Proceeds from Calls of Debt Securities, Available-for-sale	2,700	$ 0
Deposit Liabilities, Collateral Issued, Financial Instruments	57,800		36,000
Financing Receivable, Deferred Commitment Fee	1,500		1,400
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)	5,100		4,700
Financing Receivable, Accrued Interest, after Allowance for Credit Loss	$ 3,300		$ 2,800

Note 3 - Investment Securitie_3

Note 3 - Investment Securities - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Amortized cost	$ 142,256	$ 150,129
Unrealized gains	4	9
Unrealized losses	(18,354)	(22,749)
Investment securities available for sale	123,906	127,389
US Treasury Securities [Member]
Amortized cost	2,505	2,511
Unrealized gains	0	0
Unrealized losses	(26)	(65)
Investment securities available for sale	2,479	2,446
US Government Agencies Debt Securities [Member]
Amortized cost	25,272	25,165
Unrealized gains	0	0
Unrealized losses	(3,029)	(3,727)
Investment securities available for sale	22,243	21,438
Collateralized Mortgage-Backed Securities [Member]
Amortized cost	66,637	71,617
Unrealized gains	0	0
Unrealized losses	(7,794)	(9,920)
Investment securities available for sale	58,843	61,697
Corporate Debt Securities [Member]
Amortized cost	1,500	1,500
Unrealized gains	0	0
Unrealized losses	(23)	(58)
Investment securities available for sale	1,477	1,442
US States and Political Subdivisions Debt Securities [Member]
Amortized cost	46,342	49,336
Unrealized gains	4	9
Unrealized losses	(7,482)	(8,979)
Investment securities available for sale	$ 38,864	$ 40,366

Note 3 - Investment Securitie_4

Note 3 - Investment Securities - Continuous Unrealized Loss Positions (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Less than 12 months, fair value	$ 0	$ 2,663
Less than 12 months, unrealized losses	0	(368)
12 months or more, fair value	122,592	123,757
12 months or more, unrealized losses	(18,354)	(22,381)
Fair value	122,592	126,420
Unrealized losses	(18,354)	(22,749)
US Treasury Securities [Member]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	2,479	2,446
12 months or more, unrealized losses	(26)	(65)
Fair value	2,479	2,446
Unrealized losses	(26)	(65)
US Government Agencies Debt Securities [Member]
Less than 12 months, fair value	0	0
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	22,243	21,438
12 months or more, unrealized losses	(3,029)	(3,727)
Fair value	22,243	21,438
Unrealized losses	(3,029)	(3,727)
Collateralized Mortgage-Backed Securities [Member]
Less than 12 months, fair value	0	5
Less than 12 months, unrealized losses	0	0
12 months or more, fair value	58,843	61,692
12 months or more, unrealized losses	(7,794)	(9,920)
Fair value	58,843	61,697
Unrealized losses	(7,794)	(9,920)
Corporate Debt Securities [Member]
Less than 12 months, fair value	0	1,442
Less than 12 months, unrealized losses	0	(58)
12 months or more, fair value	1,477	0
12 months or more, unrealized losses	(23)	0
Fair value	1,477	1,442
Unrealized losses	(23)	(58)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value	0	1,216
Less than 12 months, unrealized losses	0	(310)
12 months or more, fair value	37,550	38,181
12 months or more, unrealized losses	(7,482)	(8,669)
Fair value	37,550	39,397
Unrealized losses	$ (7,482)	$ (8,979)

Note 3 - Investment Securitie_5

Note 3 - Investment Securities - Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Realized gains	$ 0	$ 0	$ 0	$ 12
Realized losses	0	0	(141)	(28)
Debt Securities, Available-for-Sale, Realized Gain (Loss)	$ 0	$ 0	$ (141)	$ (16)

Note 3 - Investment Securitie_6

Note 3 - Investment Securities - Maturities of Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Due in one year or less, amortized cost	$ 4,005
Due in one year or less, fair value	3,956
Due after one year through five years, amortized cost	14,523
Due after one year through five years, fair value	13,682
Due after five years through ten years, amortized cost	71,609
Due after five years through ten years, fair value	63,227
Due after ten years, amortized cost	52,119
Due after ten years, fair value	43,041
Amortized cost	142,256	$ 150,129
Fair value	$ 123,906	$ 127,389

Note 4 - Loans Receivable - Com

Note 4 - Loans Receivable - Components of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Loans receivable	$ 953,122		$ 817,704
Allowance for credit losses	(7,787)	$ (6,870)	(6,739)	$ (6,695)	$ (6,624)	$ (6,248)
Loans, net of allowance for credit losses	945,335		810,965
Construction and Development Loan [Member]
Loans receivable	64,547		53,473
Allowance for credit losses	(951)	(791)	(910)	(902)	(953)	(526)
Farmland Loan [Member]
Loans receivable	24,927		25,598
Allowance for credit losses	(173)	(181)	(154)	(144)	(140)	(259)
Residential Loan [Member]
Loans receivable	506,495		400,947
Allowance for credit losses	(3,941)	(3,349)	(3,167)	(3,173)	(3,088)	(2,820)
Commercial Mortgage Loan [Member]
Loans receivable	279,985		269,666
Allowance for credit losses	(1,852)	(1,937)	(1,902)	(1,905)	(1,866)	(2,197)
Commercial and Agricultural Loan [Member]
Loans receivable	59,386		47,681
Allowance for credit losses	(478)	(455)	(424)	(411)	(404)	(312)
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	59,386		47,681
Consumer and Other Loan [Member]
Loans receivable	17,782		20,339
Allowance for credit losses	$ (392)	$ (157)	$ (182)	$ (160)	$ (173)	$ (134)

Note 5 - Allowance for Credit_3

Note 5 - Allowance for Credit Losses - Allowance for Loan Losses and Recorded Investment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Balance	$ 6,870	$ 6,624	$ 6,739	$ 6,248	$ 6,248
Provision for credit losses - unfunded commitments	738	182	902	(119)
Merger adjustment for PCD acquired loans	196		196
Charge-offs	(22)	(36)	(93)	(89)	(110)
Balance	7,787	6,695	7,787	6,695	6,739
Recoveries	33	8	58	93
Provision for (recovery of provision)	710	99	887	(149)
Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				592	592
Construction and Development Loan [Member]
Balance	791	953	910	526	526
Merger adjustment for PCD acquired loans	45		45
Charge-offs	0	0	0	0	0
Balance	951	902	951	902	910
Recoveries	0	0	0	1
Provision for (recovery of provision)	115	(51)	(4)	(33)
Construction and Development Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				408	408
Unfunded Loan Commitment [Member]
Balance	389	306	402	46	46
Provision for credit losses - unfunded commitments	28	83	15	30
Balance	417	389	417	389	402
Unfunded Loan Commitment [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				313	313
Farmland Loan [Member]
Balance	181	140	154	259	259
Merger adjustment for PCD acquired loans	0		0
Charge-offs	0	0	0	0	0
Balance	173	144	173	144	154
Recoveries	0	0	0	50
Provision for (recovery of provision)	(8)	4	19	(57)
Farmland Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				(108)	(108)
Residential Loan [Member]
Balance	3,349	3,088	3,167	2,820	2,820
Merger adjustment for PCD acquired loans	148		148
Charge-offs	0	0	0	0	0
Balance	3,941	3,173	3,941	3,173	3,167
Recoveries	0	0	9	1
Provision for (recovery of provision)	444	85	617	73
Residential Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				279	279
Commercial Mortgage Loan [Member]
Balance	1,937	1,866	1,902	2,197	2,197
Merger adjustment for PCD acquired loans	1		1
Charge-offs	0	0	0	0	0
Balance	1,852	1,905	1,852	1,905	1,902
Recoveries	1	1	3	10
Provision for (recovery of provision)	(87)	38	(54)	(183)
Commercial Mortgage Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				(119)	(119)
Commercial and Agricultural Loan [Member]
Balance	455	404	424	312	312
Merger adjustment for PCD acquired loans	0		0
Charge-offs	0	0	(16)	0	0
Balance	478	411	478	411	424
Recoveries	25	1	27	14
Provision for (recovery of provision)	(2)	6	43	1
Commercial and Agricultural Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				84	84
Consumer and Other Loan [Member]
Balance	157	173	182	134	134
Merger adjustment for PCD acquired loans	2		2
Charge-offs	(22)	(36)	(77)	(89)	(110)
Balance	392	160	392	160	182
Recoveries	7	6	19	17
Provision for (recovery of provision)	$ 248	$ 17	$ 266	50
Consumer and Other Loan [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance				$ 48	$ 48

Note 5 - Allowance for Credit_4

Note 5 - Allowance for Credit Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Loans receivable	$ 953,122		$ 953,122		$ 817,704
Originated current year	106,241		106,241		136,158
Originated prior year	149,630		149,630		172,238
Originated two years prior	180,664		180,664		127,019
Originated three years prior	122,951		122,951		96,954
Originated four years prior	94,730		94,730		44,942
Originated years prior	188,311		188,311		146,008
Revolving	109,914		109,914		93,187
Revolving converted to term	681		681		1,198
Originated current year, write-offs			8		27
Originated prior year, write-offs			48		33
Originated two years prior, write-offs			10		14
Originated three years prior, write-offs			7		8
Originated four years prior, write-offs			17		23
Current period gross write-offs			3		5
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	22	$ 36	93	$ 89	110
Pass [Member]
Loans receivable	940,170		940,170		810,030
Originated current year	105,995		105,995		136,158
Originated prior year	149,442		149,442		172,234
Originated two years prior	176,597		176,597		126,507
Originated three years prior	120,789		120,789		94,651
Originated four years prior	92,200		92,200		44,885
Originated years prior	184,693		184,693		141,740
Revolving	109,773		109,773		92,671
Revolving converted to term	681		681		1,184
Watch [Member]
Loans receivable	3,822		3,822		2,542
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	1,427		1,427		2,294
Originated four years prior	2,263		2,263		0
Originated years prior	112		112		248
Revolving	20		20		0
Revolving converted to term	0		0		0
Special Mention [Member]
Loans receivable	6,057		6,057		999
Originated current year	219		219		0
Originated prior year	14		14		0
Originated two years prior	3,706		3,706		0
Originated three years prior	244		244		9
Originated four years prior	267		267		24
Originated years prior	1,501		1,501		866
Revolving	106		106		100
Revolving converted to term	0		0		0
Substandard [Member]
Loans receivable	3,073		3,073		4,133
Originated current year	27		27		0
Originated prior year	174		174		4
Originated two years prior	361		361		512
Originated three years prior	491		491		0
Originated four years prior	0		0		33
Originated years prior	2,005		2,005		3,154
Revolving	15		15		416
Revolving converted to term	0		0		14
Construction and Development Loan [Member]
Loans receivable	64,547		64,547		53,473
Originated current year	21,120		21,120		15,743
Originated prior year	17,628		17,628		8,291
Originated two years prior	6,359		6,359		12,974
Originated three years prior	6,421		6,421		1,742
Originated four years prior	1,618		1,618		2,552
Originated years prior	7,757		7,757		6,492
Revolving	3,644		3,644		5,679
Revolving converted to term	0		0		0
Originated current year, write-offs			0		0
Originated prior year, write-offs			0		0
Originated two years prior, write-offs			0		0
Originated three years prior, write-offs			0		0
Originated four years prior, write-offs			0		0
Current period gross write-offs					0
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	0	0	0	0	0
Construction and Development Loan [Member] | Pass [Member]
Loans receivable	64,315		64,315		53,444
Originated current year	21,120		21,120		15,743
Originated prior year	17,454		17,454		8,291
Originated two years prior	6,359		6,359		12,945
Originated three years prior	6,396		6,396		1,742
Originated four years prior	1,600		1,600		2,552
Originated years prior	7,757		7,757		6,492
Revolving	3,629		3,629		5,679
Revolving converted to term	0		0		0
Construction and Development Loan [Member] | Watch [Member]
Loans receivable	18		18		0
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	18		18		0
Originated years prior	0		0		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Construction and Development Loan [Member] | Special Mention [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	0		0		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Construction and Development Loan [Member] | Substandard [Member]
Loans receivable	214		214		29
Originated current year	0		0		0
Originated prior year	174		174		0
Originated two years prior	0		0		29
Originated three years prior	25		25		0
Originated four years prior	0		0		0
Originated years prior	0		0		0
Revolving	15		15		0
Revolving converted to term	0		0		0
Farmland Loan [Member]
Loans receivable	24,927		24,927		25,598
Originated current year	2,573		2,573		4,750
Originated prior year	3,756		3,756		2,376
Originated two years prior	1,994		1,994		1,448
Originated three years prior	1,414		1,414		2,764
Originated four years prior	2,510		2,510		1,373
Originated years prior	10,931		10,931		11,163
Revolving	1,749		1,749		1,724
Revolving converted to term	0		0		0
Originated current year, write-offs			0		0
Originated prior year, write-offs			0		0
Originated two years prior, write-offs			0		0
Originated three years prior, write-offs			0		0
Originated four years prior, write-offs			0		0
Current period gross write-offs			0		0
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	0	0	0	0	0
Farmland Loan [Member] | Pass [Member]
Loans receivable	23,289		23,289		23,329
Originated current year	2,573		2,573		4,750
Originated prior year	3,756		3,756		2,376
Originated two years prior	1,994		1,994		1,448
Originated three years prior	1,414		1,414		2,764
Originated four years prior	2,510		2,510		1,365
Originated years prior	9,393		9,393		9,019
Revolving	1,649		1,649		1,607
Revolving converted to term	0		0		0
Farmland Loan [Member] | Watch [Member]
Loans receivable	112		112		0
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	112		112		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Farmland Loan [Member] | Special Mention [Member]
Loans receivable	726		726		737
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	626		626		637
Revolving	100		100		100
Revolving converted to term	0		0		0
Farmland Loan [Member] | Substandard [Member]
Loans receivable	800		800		1,532
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		8
Originated years prior	800		800		1,507
Revolving	0		0		17
Revolving converted to term	0		0		0
Residential Loan [Member]
Loans receivable	506,495		506,495		400,947
Originated current year	46,258		46,258		56,921
Originated prior year	70,412		70,412		99,100
Originated two years prior	112,732		112,732		54,974
Originated three years prior	58,798		58,798		47,099
Originated four years prior	50,377		50,377		17,527
Originated years prior	91,827		91,827		63,740
Revolving	75,410		75,410		60,520
Revolving converted to term	681		681		1,066
Originated current year, write-offs			0		0
Originated prior year, write-offs			0		0
Originated two years prior, write-offs			0		0
Originated three years prior, write-offs			0		0
Originated four years prior, write-offs			0		0
Current period gross write-offs			0		0
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	0	0	0	0	0
Residential Loan [Member] | Pass [Member]
Loans receivable	503,064		503,064		400,432
Originated current year	46,039		46,039		56,921
Originated prior year	70,412		70,412		99,100
Originated two years prior	111,352		111,352		54,974
Originated three years prior	58,541		58,541		46,877
Originated four years prior	49,902		49,902		17,527
Originated years prior	90,727		90,727		63,461
Revolving	75,410		75,410		60,520
Revolving converted to term	681		681		1,052
Residential Loan [Member] | Watch [Member]
Loans receivable	208		208		213
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		213
Originated four years prior	208		208		0
Originated years prior	0		0		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Residential Loan [Member] | Special Mention [Member]
Loans receivable	2,196		2,196		36
Originated current year	219		219		0
Originated prior year	0		0		0
Originated two years prior	1,019		1,019		0
Originated three years prior	243		243		9
Originated four years prior	267		267		0
Originated years prior	448		448		27
Revolving	0		0		0
Revolving converted to term	0		0		0
Residential Loan [Member] | Substandard [Member]
Loans receivable	1,027		1,027		266
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	361		361		0
Originated three years prior	14		14		0
Originated four years prior	0		0		0
Originated years prior	652		652		252
Revolving	0		0		0
Revolving converted to term	0		0		14
Commercial Mortgage Loan [Member]
Loans receivable	279,985		279,985		269,666
Originated current year	21,640		21,640		36,852
Originated prior year	40,512		40,512		53,022
Originated two years prior	50,619		50,619		49,885
Originated three years prior	50,229		50,229		43,510
Originated four years prior	38,894		38,894		22,069
Originated years prior	72,246		72,246		59,778
Revolving	5,845		5,845		4,447
Revolving converted to term	0		0		103
Originated current year, write-offs			0		0
Originated prior year, write-offs			0		0
Originated two years prior, write-offs			0		0
Originated three years prior, write-offs			0		0
Originated four years prior, write-offs			0		0
Current period gross write-offs			0		0
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	0	0	0	0	0
Commercial Mortgage Loan [Member] | Pass [Member]
Loans receivable	273,001		273,001		265,441
Originated current year	21,640		21,640		36,852
Originated prior year	40,512		40,512		53,022
Originated two years prior	47,971		47,971		49,799
Originated three years prior	48,726		48,726		41,429
Originated four years prior	36,857		36,857		22,069
Originated years prior	71,470		71,470		58,119
Revolving	5,825		5,825		4,048
Revolving converted to term	0		0		103
Commercial Mortgage Loan [Member] | Watch [Member]
Loans receivable	3,484		3,484		2,329
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	1,427		1,427		2,081
Originated four years prior	2,037		2,037		0
Originated years prior	0		0		248
Revolving	20		20		0
Revolving converted to term	0		0		0
Commercial Mortgage Loan [Member] | Special Mention [Member]
Loans receivable	3,057		3,057		202
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	2,648		2,648		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	409		409		202
Revolving	0		0		0
Revolving converted to term	0		0		0
Commercial Mortgage Loan [Member] | Substandard [Member]
Loans receivable	443		443		1,694
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		86
Originated three years prior	76		76		0
Originated four years prior	0		0		0
Originated years prior	367		367		1,209
Revolving	0		0		399
Revolving converted to term	0		0		0
Commercial and Agricultural Loan [Member]
Loans receivable	59,386		59,386		47,681
Originated current year	10,117		10,117		12,056
Originated prior year	13,315		13,315		6,583
Originated two years prior	6,412		6,412		4,931
Originated three years prior	3,807		3,807		1,610
Originated four years prior	1,159		1,159		622
Originated years prior	2,052		2,052		1,771
Revolving	22,524		22,524		20,079
Revolving converted to term	0		0		29
Originated current year, write-offs			0		0
Originated prior year, write-offs			16		0
Originated two years prior, write-offs			0		0
Originated three years prior, write-offs			0		0
Originated four years prior, write-offs			0		0
Current period gross write-offs			0		0
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	0	0	16	0	0
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	59,386		59,386		47,681
Commercial and Agricultural Loan [Member] | Pass [Member]
Loans receivable	59,181		59,181		47,481
Originated current year	10,117		10,117		12,056
Originated prior year	13,315		13,315		6,579
Originated two years prior	6,374		6,374		4,931
Originated three years prior	3,807		3,807		1,610
Originated four years prior	1,159		1,159		573
Originated years prior	1,885		1,885		1,624
Revolving	22,524		22,524		20,079
Revolving converted to term	0		0		29
Commercial and Agricultural Loan [Member] | Pass [Member] | Including SBA-PPP Loans [Member]
Loans receivable					47,481
Commercial and Agricultural Loan [Member] | Watch [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	0		0		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Commercial and Agricultural Loan [Member] | Watch [Member] | Including SBA-PPP Loans [Member]
Loans receivable					0
Commercial and Agricultural Loan [Member] | Special Mention [Member]
Loans receivable	56		56		24
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	38		38		0
Originated three years prior	0		0		0
Originated four years prior	0		0		24
Originated years prior	18		18		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Commercial and Agricultural Loan [Member] | Special Mention [Member] | Including SBA-PPP Loans [Member]
Loans receivable					24
Commercial and Agricultural Loan [Member] | Substandard [Member]
Loans receivable	149		149		176
Originated current year	0		0		0
Originated prior year	0		0		4
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		25
Originated years prior	149		149		147
Revolving	0		0		0
Revolving converted to term	0		0		0
Commercial and Agricultural Loan [Member] | Substandard [Member] | Including SBA-PPP Loans [Member]
Loans receivable					176
Consumer and Other Loan [Member]
Loans receivable	17,782		17,782		20,339
Originated current year	4,533		4,533		9,836
Originated prior year	4,007		4,007		2,866
Originated two years prior	2,548		2,548		2,807
Originated three years prior	2,282		2,282		229
Originated four years prior	172		172		799
Originated years prior	3,498		3,498		3,064
Revolving	742		742		738
Revolving converted to term	0		0		0
Originated current year, write-offs			8		27
Originated prior year, write-offs			32		33
Originated two years prior, write-offs			10		14
Originated three years prior, write-offs			7		8
Originated four years prior, write-offs			17		23
Current period gross write-offs			3		5
Revolving, write-offs			0		0
Revolving converted to term, write-offs			0		0
Current period gross write-offs	22	$ 36	77	$ 89	110
Consumer and Other Loan [Member] | Pass [Member]
Loans receivable	17,320		17,320		19,903
Originated current year	4,506		4,506		9,836
Originated prior year	3,993		3,993		2,866
Originated two years prior	2,547		2,547		2,410
Originated three years prior	1,905		1,905		229
Originated four years prior	172		172		799
Originated years prior	3,461		3,461		3,025
Revolving	736		736		738
Revolving converted to term	0		0		0
Consumer and Other Loan [Member] | Watch [Member]
Loans receivable	0		0		0
Originated current year	0		0		0
Originated prior year	0		0		0
Originated two years prior	0		0		0
Originated three years prior	0		0		0
Originated four years prior	0		0		0
Originated years prior	0		0		0
Revolving	0		0		0
Revolving converted to term	0		0		0
Consumer and Other Loan [Member] | Special Mention [Member]
Loans receivable	22		22		0
Originated current year	0		0		0
Originated prior year	14		14		0
Originated two years prior	1		1		0
Originated three years prior	1		1		0
Originated four years prior	0		0		0
Originated years prior	0		0		0
Revolving	6		6		0
Revolving converted to term	0		0		0
Consumer and Other Loan [Member] | Substandard [Member]
Loans receivable	440		440		436
Originated current year	27		27		0
Originated prior year	0		0		0
Originated two years prior	0		0		397
Originated three years prior	376		376		0
Originated four years prior	0		0		0
Originated years prior	37		37		39
Revolving	0		0		0
Revolving converted to term	$ 0		$ 0		$ 0

Note 5 - Allowance for Credit_5

Note 5 - Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Nonaccrual with no allowance	$ 300		$ 300		$ 1,051
Construction & development	1	$ 1	4	$ 17
Nonaccrual	1,719		1,719		1,731
Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	1,419		1,419		680
Construction and Development Loan [Member]
Nonaccrual with no allowance	0		0		0
Construction & development	0	0	0	0
Nonaccrual	24		24		29
Construction and Development Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	24		24		29
Farmland Loan [Member]
Nonaccrual with no allowance	0		0		314
Construction & development	0	0	0	0
Nonaccrual	71		71		400
Farmland Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	71		71		86
Residential Loan [Member]
Nonaccrual with no allowance	0		0		0
Construction & development	0	0	3	16
Nonaccrual	627		627		221
Residential Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	627		627		221
Commercial Mortgage Loan [Member]
Nonaccrual with no allowance	300		300		339
Construction & development	0	0	0	0
Nonaccrual	443		443		515
Commercial Mortgage Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	143		143		176
Commercial and Agricultural Loan [Member]
Nonaccrual with no allowance	0		0		0
Construction & development	0	0	0	0
Nonaccrual	130		130		130
Commercial and Agricultural Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	130		130		130
Consumer and Other Loan [Member]
Nonaccrual with no allowance	0		0		398
Construction & development	1	$ 1	1	$ 1
Nonaccrual	424		424		436
Consumer and Other Loan [Member] | Nonaccrual with Allowance for Credit Loss [Member]
Nonaccrual	$ 424		$ 424		$ 38

Note 5 - Allowance for Credit_6

Note 5 - Allowance for Credit Losses - Analysis of Past Due and Nonaccrual Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans receivable	$ 953,122	$ 817,704
Construction and Development Loan [Member]
Loans receivable	64,547	53,473
Farmland Loan [Member]
Loans receivable	24,927	25,598
Residential Loan [Member]
Loans receivable	506,495	400,947
Commercial Mortgage Loan [Member]
Loans receivable	279,985	269,666
Commercial and Agricultural Loan [Member]
Loans receivable	59,386	47,681
Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable	59,386	47,681
Consumer and Other Loan [Member]
Loans receivable	17,782	20,339
Financial Asset, 30 to 59 Days Past Due [Member]
Loans receivable	727	47
Financial Asset, 30 to 59 Days Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	68	0
Financial Asset, 30 to 59 Days Past Due [Member] | Farmland Loan [Member]
Loans receivable	0	0
Financial Asset, 30 to 59 Days Past Due [Member] | Residential Loan [Member]
Loans receivable	592	0
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	5
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		35
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	62	12
Financial Asset, 60 to 89 Days Past Due [Member]
Loans receivable	62	45
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	40	45
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	22	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	1,719	1,731
Financial Asset, Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	24	29
Financial Asset, Past Due [Member] | Farmland Loan [Member]
Loans receivable	71	400
Financial Asset, Past Due [Member] | Residential Loan [Member]
Loans receivable	627	221
Financial Asset, Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	443	515
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		130
Financial Asset, Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	424	436
Financial Asset, Not Past Due [Member]
Loans receivable	950,614	815,881
Financial Asset, Not Past Due [Member] | Construction and Development Loan [Member]
Loans receivable	64,455	53,444
Financial Asset, Not Past Due [Member] | Farmland Loan [Member]
Loans receivable	24,856	25,198
Financial Asset, Not Past Due [Member] | Residential Loan [Member]
Loans receivable	505,236	400,681
Financial Asset, Not Past Due [Member] | Commercial Mortgage Loan [Member]
Loans receivable	279,542	269,151
Financial Asset, Not Past Due [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	59,251
Financial Asset, Not Past Due [Member] | Commercial and Agricultural Loan [Member] | Including SBA-PPP Loans [Member]
Loans receivable		47,516
Financial Asset, Not Past Due [Member] | Consumer and Other Loan [Member]
Loans receivable	$ 17,274	$ 19,891

Note 5 - Allowance for Credit_7

Note 5 - Allowance for Credit Losses - Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans receivable	$ 953,122	$ 817,704
Construction and Development Loan [Member]
Loans receivable	64,547	53,473
Farmland Loan [Member]
Loans receivable	24,927	25,598
Residential Loan [Member]
Loans receivable	506,495	400,947
Commercial Mortgage Loan [Member]
Loans receivable	279,985	269,666
Commercial and Agricultural Loan [Member]
Loans receivable	59,386	47,681
Consumer and Other Loan [Member]
Loans receivable	17,782	20,339
Collateral Pledged [Member]
Loans receivable	300	339
Collateral Pledged [Member] | Construction and Development Loan [Member]
Loans receivable	0	0
Collateral Pledged [Member] | Farmland Loan [Member]
Loans receivable	0	0
Collateral Pledged [Member] | Residential Loan [Member]
Loans receivable	0	0
Collateral Pledged [Member] | Commercial Mortgage Loan [Member]
Loans receivable	300	339
Collateral Pledged [Member] | Commercial and Agricultural Loan [Member]
Loans receivable	0	0
Collateral Pledged [Member] | Consumer and Other Loan [Member]
Loans receivable	$ 0	$ 0

Note 5 - Allowance for Credit_8

Note 5 - Allowance for Credit Losses - Modified Loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Modified loans	$ 1,025	$ 23	$ 1,025
Financial Asset, Not Past Due [Member]
Modified loans	1,025	984	1,025
Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Residential Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	595	608	595
Residential Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Residential Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Residential Loan [Member] | Extended Maturity and Interest Rate Reduction [Member]
Modified loans		$ 23
Modified percentage of loans		0.01%
Residential Loan [Member] | Contractual Interest Rate Reduction [Member]
Modified loans	$ 586		$ 595
Modified percentage of loans	0.15%		0.15%
Residential Loan [Member] | Contractual Interest Rate Reduction [Member] | Minimum [Member]
Residential (Year)	3 years 10 months 9 days		3 years 10 months 9 days
Residential Loan [Member] | Extended Maturity [Member]
Residential (Year)		11 years 11 months 1 day
Construction and Development Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0	$ 0	$ 0
Construction and Development Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Construction and Development Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Consumer and Agricultural Loans [Member] | Contractual Interest Rate Reduction [Member]
Modified loans	$ 430		$ 430
Modified percentage of loans	2.09%		2.09%
Consumer and Agricultural Loans [Member] | Contractual Interest Rate Reduction [Member] | Minimum [Member]
Residential (Year)			7 months 9 days
Farmland Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	$ 0	0	$ 0
Farmland Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Farmland Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Commercial Mortgage Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	0	0	0
Commercial Mortgage Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Commercial Mortgage Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Commercial and Agricultural Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	0	0	0
Commercial and Agricultural Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Commercial and Agricultural Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	0	0	0
Consumer and Other Loan [Member] | Financial Asset, Not Past Due [Member]
Modified loans	430	376	430
Consumer and Other Loan [Member] | Thirty to Ninety Days Past Due [Member]
Modified loans	0	0	0
Consumer and Other Loan [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Modified loans	$ 0	$ 0	$ 0

Note 6 - Deposits (Details Text

Note 6 - Deposits (Details Textual) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Time Deposits, at or Above FDIC Insurance Limit	$ 103.6	$ 78.6

Note 6 - Deposits - Deposits (D

Note 6 - Deposits - Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Interest-bearing demand deposit accounts	$ 144,219	$ 136,305
Money market	84,947	70,669
Savings	173,319	152,666
Time deposits	343,082	263,987
Total interest-bearing deposits	745,567	623,627
Noninterest-bearing	340,340	305,115
Total deposits	$ 1,085,907	$ 928,742

Note 7 - Employee Benefit Pla_3

Note 7 - Employee Benefit Plans - Amounts Recognized in Balance Sheet (Details) - Grayson Plan [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest cost	$ 31	$ 36	$ 93	$ 108
Expected return on plan assets	(126)	(120)	(378)	(360)
Recognized net actuarial loss	29	49	87	147
Net periodic benefit	$ (66)	$ (35)	$ (198)	$ (105)

Note 8 - Goodwill and Intangi_3

Note 8 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Amortization of Intangible Assets	$ 107	$ 79	$ 266	$ 289

Note 8 - Goodwill and Intangi_4

Note 8 - Goodwill and Intangible Assets - Change in Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Beginning of year	$ 3,257	$ 3,257
Impairment	0	0
End of the period	7,900	3,257
Johnson County Bank [Member]
Acquired goodwill as a result of JCB merger	4,643	$ 0
End of the period	$ 4,643

Note 8 - Schedule of Finite-Liv

Note 8 - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Net book value, balance	$ 917
Net book value, balance	4,031	$ 917
Core Deposits [Member]
Net book value, balance	917	1,286
Amortization expense	(266)	(369)
Net book value, balance	4,031	917
Core Deposits [Member] | Johnson County Bank [Member]
Core deposit intangible as result of JCB merger	3,380	0
Core deposit intangible as result of JCB merger	$ (3,380)	$ 0

Note 8 - Goodwill and Intangi_5

Note 8 - Goodwill and Intangible Assets - Estimated Future Amortization (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Three months ending December 31, 2024	$ 216
For the year ending December 31, 2025	771
For the year ending December 31, 2026	647
For the year ending December 31, 2027	565
For the year ending December 31, 2028	484
Thereafter	1,348
Total	$ 4,031	$ 917

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Jun. 30, 2023
Increase (Decrease) in Operating Lease Liability	$ (197)
Operating Lease, Initial Direct Cost			$ 95
Sale and Leaseback Transaction, Gain (Loss), Net		$ 197
Sale Leaseback Transaction, Lease Term (Year)		2 years

Note 9 - Leases - Lease Expense

Note 9 - Leases - Lease Expense (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Lease liabilities	$ 1,591		$ 1,983
Operating lease expense	293	$ 178
Right-of-use assets	1,674		$ 2,073
Short-term lease expense	$ 9	8
Weighted average remaining lease term (years) (Year)	7 years 4 months 28 days		7 years 5 months 12 days
Total lease expense	$ 302	186
Weighted average discount rate	4.10%		3.98%
Cash paid for amounts included in lease liabilities	$ 293	$ 178

Note 9 - Leases - Maturity Sche

Note 9 - Leases - Maturity Schedule of Undiscounted Cash flow (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Three months ending December 31, 2024	$ 85
Twelve months ending December 31, 2025	297
Twelve months ending December 31, 2026	230
Twelve months ending December 31, 2027	223
Twelve months ending December 31, 2028	231
Thereafter	798
Total undiscounted cash flows	1,864
Less discount	(273)
Lease liabilities	$ 1,591	$ 1,983

Note 10 - Share-based Compens_3

Note 10 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 03, 2024	Mar. 28, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares)					134,900
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)			165,100		165,100
Share-Based Payment Arrangement, Expense			$ 70	$ 17	$ 157	$ 83
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount			$ 822		$ 822
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)					3 years 11 months 26 days
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	10,000	65,000			75,000
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)					$ 11.3		$ 0
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	25%	20%
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Two [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	25%	20%
Restricted Stock [Member] | Share-Based Payment Arrangement, Tranche Three [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	25%	20%
Restricted Stock [Member] | Share-based Payment Arrangement, Tranche Four [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage	25%	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%
Restricted Stock [Member] | Share-Based Payment Arrangement, Nonemployee [Member]
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)	$ 11.33
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, Weighted Average Grant Date Fair Value (in dollars per share)		$ 11.3
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			300,000		300,000

Note 10 - Share-based Compens_4

Note 10 - Share-based Compensation - Restricted Stock Activity (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands			9 Months Ended	12 Months Ended
	Sep. 03, 2024	Mar. 28, 2024	Sep. 30, 2024	Dec. 31, 2023
Balance (in shares)			10,625	18,850
Balance, weighted average grant date fair value (in dollars per share)			$ 12.54	$ 12.38
Granted, weighted average grant date fair value (in dollars per share)			$ 11.3	$ 0
Vested (in shares)			0	(8,225)
Vested, weighted average grant date fair value (in dollars per share)			$ 0	$ 12.21
Vested, fair value			$ 0	$ 99
Forfeited (in shares)			0	0
Granted (in shares)	10,000	65,000	75,000
Balance (in shares)			85,625	10,625
Balance, weighted average grant date fair value (in dollars per share)			$ 11.45	$ 12.54

Note 11 - Commitments and Con_3

Note 11 - Commitments and Contingencies - Summary of Bank's Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Financial instruments with off balance sheet risk	$ 220,046	$ 196,574
Commitments to Extend Credit [Member]
Financial instruments with off balance sheet risk	218,942	195,991
Standby Letters of Credit [Member]
Financial instruments with off balance sheet risk	$ 1,104	$ 583

Note 12 - Financial Instrumen_3

Note 12 - Financial Instruments (Details Textual) Pure in Thousands, $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Other Real Estate	$ 140	$ 0
Number of Derivative Instruments Held	0	0
Repossessed Assets	$ 0	$ 0
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	Sep. 30, 2024	Dec. 31, 2023
Reported Value Measurement [Member]
Net Loans	$ 945,335	$ 810,965
Time Deposits	343,082	263,987
FHLB Advances	20,000	25,000
Estimate of Fair Value Measurement [Member]
Net Loans	912,232	775,246
Time Deposits	339,351	260,590
FHLB Advances	19,992	24,999
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Net Loans	0	0
Time Deposits	0	0
FHLB Advances	0	0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Net Loans	0	0
Time Deposits	339,351	260,590
FHLB Advances	19,992	24,999
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Net Loans	912,232	775,246
Time Deposits	0	0
FHLB Advances	$ 0	$ 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	Sep. 30, 2024	Dec. 31, 2023
Investment securities available for sale	$ 123,906	$ 127,389
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	123,906	127,389
Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	0	0
US Treasury Securities [Member]
Investment securities available for sale	2,479	2,446
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	2,479	2,446
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	0	0
US Government Agencies Debt Securities [Member]
Investment securities available for sale	22,243	21,438
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	22,243	21,438
US Government Agencies Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	0	0
Collateralized Mortgage-Backed Securities [Member]
Investment securities available for sale	58,843	61,697
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	58,843	61,697
Collateralized Mortgage-Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	0	0
Corporate Debt Securities [Member]
Investment securities available for sale	1,477	1,442
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	1,477	1,442
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	0	0
US States and Political Subdivisions Debt Securities [Member]
Investment securities available for sale	38,864	40,366
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale	0	0
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Investment securities available for sale	38,864	40,366
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale	$ 0	$ 0

Note 12 - Financial Instrumen_6

Note 12 - Financial Instruments - Assets Recorded at Fair Value on a Nonrecurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Real Estate Owned [Member]
Assets at fair value	$ 140	$ 0
Fair Value, Nonrecurring [Member]
Assets at fair value	1,953	1,635
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	1,953	1,635
Fair Value, Nonrecurring [Member] | Impaired Loans [Member]
Assets at fair value	1,813	1,635
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	1,813	$ 1,635
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member]
Assets at fair value	140
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value	0
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value	0
Fair Value, Nonrecurring [Member] | Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	$ 140

Note 12 - Financial Instrumen_7

Note 12 - Financial Instruments - Significant Unobservable Inputs Used Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Individually Evaluated Loans [Member]
Assets, Fair Value	$ 1,813		$ 1,635
Individually Evaluated Loans [Member] | Minimum [Member]
Assets, input values	0
Individually Evaluated Loans [Member] | Maximum [Member]
Assets, input values	0.10
Other Real Estate Owned [Member]
Assets, Fair Value	$ 140	$ 0
Other Real Estate Owned [Member] | Minimum [Member]
Assets, input values	0
Other Real Estate Owned [Member] | Maximum [Member]
Assets, input values	0.10

Note 13 - Short-term Borrowin_2

Note 13 - Short-term Borrowings (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 09, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advance	$ 15,000		$ 25,000
Federal Home Loan Bank, Advances, Interest Rate	5%		5.45%
Line of Credit Facility, Current Borrowing Capacity	$ 246,000
Unsecured Revolving Line of Credit [Member]
Short-Term Debt	$ 5,000
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000
Debt Instrument, Interest Rate, Stated Percentage	8%
Federal Reserve Bank Advances [Member]
Short-Term Debt	$ 5,000		$ 2,500
Debt Instrument, Interest Rate, Stated Percentage	5.07%		5.46%
Repayments of Debt	$ 2,500
Payment for Debt Extinguishment or Debt Prepayment Cost	0
Unsecured Lines of Credit [Member]
Line of Credit Facility, Current Borrowing Capacity	$ 73,000

Note 14 - Long-term Borrowings

Note 14 - Long-term Borrowings (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Long-Term Debt	$ 0	$ 0

Note 15 - Capital Requirement_2

Note 15 - Capital Requirements (Details Textual) $ in Billions	Sep. 30, 2024 USD ($)
Federal Home Loan Bank, Leverage Ratio, Actual	9%
FDIC Indemnification Asset	$ 10

Note 15 - Capital Requirement_3

Note 15 - Capital Requirements - Capital Amounts and Ratios (Details)	Sep. 30, 2024 USD ($)	Dec. 31, 2022 USD ($)
Capital	$ 104,744	$ 104,800
Capital, ratio	0.111	0.1249
Capital required for capital adequacy	$ 75,457	$ 67,130
Capital required for capital adequacy, ratio	0.08	0.08
Capital required to be well capitalized	$ 94,322	$ 83,913
Capital required to be well capitalized, ratio	0.10	0.10
Tier 1 capital risk	$ 96,736	$ 97,659
Tier 1 capital risk, ratio	0.1026	0.1164
Tier 1 Capital risk required for capital adequacy	$ 56,593	$ 50,348
Tier 1 Capital risk required for capital adequacy, ratio	0.06	0.06
Tier 1 Capital risk required to be well capitalized	$ 75,457	$ 67,130
Tier 1 Capital risk required to be well capitalized, ratio	0.08	0.08
Common equity Tier 1	$ 96,736	$ 97,659
Common equity Tier 1, ratio	0.1026	0.1164
Common equity Tier 1 required for capital adequacy	$ 42,445	$ 37,761
Common equity Tier 1 required for capital adequacy, ratio	0.045	0.045
Common equity Tier 1 required to be well capitalized	$ 61,309	$ 54,543
Common equity Tier 1 required to be well capitalized, ratio	0.065	0.065
Tier 1 capital average	$ 96,736	$ 97,659
Tier 1 capital average, ratio	0.0855	0.0926
Tier 1 capital average required for capital adequacy	$ 45,233	$ 42,199
Tier 1 capital average required for capital adequacy, ratio	0.04	0.04
Tier 1 capital average required to be well capitalized	$ 56,541	$ 52,749
Tier 1 capital average required to be well capitalized, ratio	0.05	0.05