Bancorp 34 (BCTF) 10-Q 15 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 15, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-39068
Entity Registrant Name	BANCORP 34, INC.
Entity Central Index Key	0001668340
Entity Tax Identification Number	74-2819148
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	8777 E. Hartford Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Scottsdale
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85255
City Area Code	(623)
Local Phone Number	334-6064
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		6,609,428

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 66,234,000	$ 27,182,000
Federal funds sold	6,510,000	1,715,000
Total cash and cash equivalents	72,744,000	28,897,000
Available-for-sale securities, at fair value	102,226,000	56,690,000
Held-to-maturity securities, at amoritzed cost, net of allowance for credit losses	5,645,000	5,684,000
Loans held for investment	750,307,000	457,027,000
Allowance for credit losses	(10,675,000)	(5,860,000)
Loans held for investment, net	739,632,000	451,167,000
Other real estate owned	0	3,000,000
Premises and equipment, net	8,875,000	7,350,000
Operating leases right-of-use assets	4,599,000	1,819,000
Other investments	6,097,000	4,063,000
Accrued interest receivable	2,961,000	1,597,000
Deferred income tax asset, net	9,086,000	4,884,000
Bank owned life insurance	11,915,000	11,847,000
Core deposit intangible, net	8,868,000
Prepaid and other assets	7,531,000	4,267,000
Total assets	980,179,000	581,265,000
Deposits
Demand deposits	220,201,000	88,091,000
Savings and NOW deposits	371,080,000	243,505,000
Time deposits	215,125,000	128,403,000
Total deposits	806,406,000	459,999,000
Federal Reserve Bank BTFP Advances	49,000,000	29,000,000
Subordinate debt, net of issuance costs	23,108,000	24,595,000
Subordinated debentures, trust preferred securities	4,145,000
Escrows	274,000	168,000
Operating lease liabilities	5,202,000	2,011,000
Accrued interest and other liabilities	9,845,000	4,771,000
Total liabilities	897,980,000	520,544,000
STOCKHOLDERS’ EQUITY
Additional paid-in capital	66,577,000	43,279,000
Retained earnings	22,762,000	24,301,000
Accumulated other comprehensive loss	(5,883,000)	(5,560,000)
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,331,000)	(1,346,000)
Total stockholders’ equity	82,199,000	60,721,000
Total liabilities and stockholders’ equity	980,179,000	581,265,000
Voting Common Stock [Member]
STOCKHOLDERS’ EQUITY
Non-voting common stock, $0.01 par value Issued and outstanding: 820,115 and 820,115 on March 31, 2024, and December 31, 2023, respectively	66,000	39,000
Nonvoting Common Stock [Member]
STOCKHOLDERS’ EQUITY
Non-voting common stock, $0.01 par value Issued and outstanding: 820,115 and 820,115 on March 31, 2024, and December 31, 2023, respectively	$ 8,000	$ 8,000

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	100,000,000	100,000,000
Nonvoting Common Stock [Member]
Common Stock, Par Value	$ 0.01	$ 0.01
Common Stock, Shares Authorized	1,100,000	1,100,000
Common Stock, Shares, Issued	820,115	820,115
Common Stock, Shares, Outstanding	820,115	820,115
Voting Common Stock [Member]
Common Stock, Shares, Issued	6,616,152	3,873,895
Common Stock, Shares, Outstanding	6,616,152	3,873,895

CONSOLIDATED STATEMENTS OF (LOS

CONSOLIDATED STATEMENTS OF (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Interest and fees on loans	$ 6,890	$ 6,110
Interest on securities	470	417
Interest on other interest-earning assets	560	138
Total interest income	7,920	6,665
Interest expense:
Interest on deposits	3,612	2,201
Interest on borrowings	643	395
Total interest expense	4,255	2,596
Net interest income	3,665	4,069
Provision (benefit) for credit losses	3,916	(1)
Net interest (loss) income after provision for credit losses	(251)	4,070
Noninterest income:
Service charges on deposit accounts	91	96
Bank owned life insurance	68	59
Loss on sale of other real estate owned	(432)
Preliminary bargain purchase gain on the merger (Note 2)	5,136
Other income	3	3
Total noninterest income	4,866	158
Noninterest expense:
Salaries and employee benefits	2,525	2,103
Occupancy	421	258
Data processing	742	617
FDIC and other insurance expense	96	64
Professional Fees	542	267
Merger Costs	3,348
Advertising	11	20
Other expenses	472	297
Total noninterest expense	8,157	3,626
(Loss) income before provision for income taxes	(3,542)	602
(Benefit from) provision for income taxes	(2,003)	158
Net (loss) income	$ (1,539)	$ 444
Earnings per share:
Basic	$ (0.31)	$ 0.11
Diluted	$ (0.31)	$ 0.11

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net (loss) income	$ (1,539)	$ 444
Other comprehensive (loss) gain:
Unrealized holding (losses) gains on securities available for sale	(427)	1,300
Tax effect	105	(374)
Comprehensive (loss) income	$ (1,861)	$ 1,370

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member] Voting Common Stock [Member]	Common Stock [Member] Nonvoting Common Stock [Member]	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	AOCI Attributable to Parent [Member]	Unearned ESOP Shares [Member]	Voting Common Stock [Member]	Total	Cumulative Effect, Period of Adoption, Adjustment [Member]
Beginning balance, value at Dec. 31, 2022	$ 30			$ 5	$ 28,369	$ 29,013		$ (6,773)	$ (1,406)		$ 49,238
Beginning balance, value (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 30			$ 5	28,369			(6,773)	(1,406)
Beginning Balance, Shares at Dec. 31, 2022	3,032,606			521,849
Beginning Balance, Shares (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	3,032,606			521,849
Cumulative adjustment for day one adoption of ASU 2016-13, net of tax							(654)					(654)
Cumulative adjustment for day one adoption of ASU 2016-13, net of tax | Accounting Standards Update 2016-13 [Member]
Ending balance, value at Jan. 01, 2023
Ending balance, value (Accounting Standards Update 2016-13 [Member]) at Jan. 01, 2023						28,358					48,583
Beginning balance, value at Dec. 31, 2022	$ 30			$ 5	28,369	29,013		(6,773)	(1,406)		49,238
Beginning balance, value (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 30			$ 5	28,369			(6,773)	(1,406)
Beginning Balance, Shares at Dec. 31, 2022	3,032,606			521,849
Beginning Balance, Shares (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	3,032,606			521,849
Net loss						444				$ 444	444
Other comprehensive loss on AFS securities, net of tax								926			926
Amortization of equity awards					16				15		31
Share repurchase					(210)						(210)
Share repurchase, Shares	(15,000)
Issuance of common stock, net of costs	$ 8				10,858						10,866
Issuance of common stock, net of cost			848,089
Issuance of Series A preferred stock, net of costs				$ 3	4,173						4,176
Issuance of common stock, net of cost, Shares				298,266
Ending balance, value at Mar. 31, 2023	$ 39			$ 8	43,205	28,474		(5,847)	(1,391)		64,488
Ending Balance, Shares at Mar. 31, 2023	3,865,695			820,115
Beginning balance, value at Dec. 31, 2023	$ 39	$ 8			43,279	24,301		(5,560)	(1,346)		60,721
Beginning Balance, Shares at Dec. 31, 2023	3,873,895	820,115
Net loss						(1,539)				$ (1,539)	(1,539)
Other comprehensive loss on AFS securities, net of tax								(323)			(323)
Amortization of equity awards					15				15		30
Issuance of common stock for the Merger, (Note 2)	$ 27				23,283						23,310
Issuance of common stock for the Merger, Shares	2,742,257,000
Ending balance, value at Mar. 31, 2024	$ 66	$ 8			$ 66,577	$ 22,762		$ (5,883)	$ (1,331)		$ 82,199
Ending Balance, Shares at Mar. 31, 2024	6,616,152	820,115

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (1,539,000)	$ 444,000
Adjustments to reconcile net (loss) income to net cash used in operating activities
Depreciation and amortization	189,000	133,000
Stock dividends on other investments		(32,000)
Amortization of premiums and discounts on securities, net	74,000	65,000
Amortization of equity awards	30,000	31,000
Loss on sale other real estate owned	432,000
Provision for credit losses	3,916,000	(1,000)
Net appreciation on bank-owned life insurance	(68,000)	(59,000)
Deferred income tax (benefit) expense	(839,000)	(1,000)
Preliminary bargain purchase gain from CBOA Financial, Inc. merger	(5,136,000)
Accretion of discount on loans	(309,000)
Core deposit intangible amortization	62,000
Changes in operating assets and liabilities:
Accrued interest receivable	214,000	62,000
Prepaid and other assets	(1,705,000)	898,000
Accrued interest and other liabilities	3,435,000	(781,000)
Net cash (used in) provided by operating activities	(1,244,000)	759,000
CASH FLOWS FROM INVESTING ACTIVITIES
CBOA Financial, Inc. merger, cash acquired	30,927,000
Proceeds from calls, sales, maturities, or principal payments on available-for-sale securities	8,354,000	1,971,000
Purchases of available-for-sale securities
Purchases of held-to-maturity securities
Net (purchase) redemptions of other investments	(184,000)	(956,000)
Net change in loans held for investment	18,878,000	(8,650,000)
Proceeds from sale of other real estate owned	2,568,000
Proceeds from disposals of premises and equipment
Purchases of premises and equipment	(100,000)	(38,000)
Net cash provided by (used in) investing activities	60,443,000	(7,673,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net change in deposits	(352,000)	(26,763,000)
Proceeds from Federal Home Loan Bank advances		110,399,000
Repayments of Federal Home Loan Bank advances		(98,399,000)
Proceeds from Federal Reserve advances
Repayments of Federal Reserve advances	(15,000,000)
Common stock repurchases		(210,000)
Common stock issuance, net		10,866,000
Preferred stock issuance, net		4,176,000
Payment of dividends		(328,000)
Net cash (used in) financing activities	(15,352,000)	(259,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS	43,847,000	(7,173,000)
CASH AND CASH EQUIVALENTS, beginning of period	28,897,000	16,947,000
CASH AND CASH EQUIVALENTS, end of period	72,744,000	9,774,000
SUPPLEMENTAL DISCLOSURES
Interest on deposits and borrowings paid	$ 4,270,000	$ 2,443,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Bancorp 34, Inc. (“Bancorp 34” or the “Company”) is a Maryland corporation organized in 2016 and owns 100% of Southwest Heritage Bank (formerly Bank 34) (the “Bank”) and CBOA Financial Statutory Trust #1. On March 19, 2024, Bancorp 34 acquired CBOA Financial, Inc. (“CBOA”). Immediately following the acquisition, CBOA’s wholly-owned subsidiary, Commerce Bank of Arizona, was merged with and into Bancorp 34’s wholly-owned subsidiary, Bank 34, a federally chartered stock covered savings association. Bank 34 was subsequently rebranded as Southwest Heritage Bank. Also, as part of the acquisition of CBOA, the company acquired CBOA Financial Statutory Trust #1, a trust formed by CBOA in November 2005 to close a pooled private offering of 5,000 trust preferred securities with a liquidation amount of $1,000 per security. Southwest Heritage Bank provides a variety of banking services to individuals and businesses through its eight full-service community bank branches, three in Maricopa County, Arizona, in the cities of Scottsdale and Gilbert; three in Pima County, Arizona, in the cities of Tucson and Green Valley; one branch in Otero County, New Mexico in the city of Alamogordo; and one branch in Dona Ana County New Mexico, in the city of Las Cruces. Basis of presentation Basis of consolidation Reclassifications Use of estimates Significant estimates include, but are not limited to, allowance for credit losses, the fair value marks used in accounting for the acquisition of CBOA and estimating the effective tax rate for the Company for 2024 in full. The Company holds collateral dependent loans that are categorized as level three investments and are valued on a nonrecurring basis using unobservable inputs further described in Note 14. Subsequent events Cash and cash equivalents Securities Net purchase premiums and discounts on securities are recognized in interest income using the level yield method over the estimated life of the security. Premiums are amortized to the earliest call date. Gains and losses on the sale of securities are determined using the specific identification method. For available-for-sale (AFS) securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that the Company will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through net income. For AFS securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss), net of applicable taxes. Allowance for credit losses - held-to-maturity securities Loans held for investment, net Loan origination fees on loans the Bank originates, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. See Note 2 - BUSINESS COMBINATION, for our accounting methodology for the loans acquired in the merger. Allowance for credit losses - loans The principal segments of our loan portfolio are discussed below: Commercial loans Commercial real estate loans Multifamily Construction and land development loans Residential real estate loans Consumer loans The ACL for pooled loans is estimated using a non-discounted cash flow methodology. The bank then applies probability of default and loss given default to the cash flow methodology to calculate expected losses within the model. This allows the bank to identify the timing of default as compared to when the actual loss event may occur. The results are then aggregated to produce segment level results and reserve requirements for each segment. The Company uses a 12-month forecast that is reasonable and supportable within the ACL calculation and then reverts to historical credit loss experience on a straight-line basis over a one-year timeline. Historical loss experience is then used for the remaining life of the assets. The Company uses several economic variables in the calculation of the ACL, the most significant of which is the economic forecast for the national unemployment rate. Changes in the economic forecast for unemployment rates could significantly affect the estimated credit losses which could potentially lead to materially different allowance levels from one reporting period to the next. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the pooled loan evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Qualitative adjustments to historical loss data are made based on management’s assessment of the risks that may lead to a future loan loss or differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, changes in environmental and economic conditions, or other relevant factors. The allowance is increased by a provision for credit losses, which is charged to expense and reduced by charge-offs, net of recoveries. Acquired Loans Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method in amounts sufficient to relate the cost of depreciable assets to operations over the estimated useful lives of the assets which range from three to seven years for equipment and 15 to 40 years for leasehold improvements and buildings. Maintenance and repairs that do not extend the useful lives of premises and equipment are charged to expense as incurred. Leases Other investments 4,948,000 3,254,000 The Company invested in the Castle Creek Launchpad Fund I, LP in April 2022. The Company has committed to funding up to $2 million over a 4-year funding period. As of March 31, 2024, the investment has a carrying value of $994,000 compared to $828,000 as of December 31, 2023. As of both dates, the investment was valued using the net asset value practical expedient. The scope of the NAV practical expedient is limited to investments without readily determinable fair values in entities that calculate NAV per share consistently with the measurement principles of ASC 946, Financial Services — Investment Companies. Both criteria were present at March 31, 2024, and December 31, 2023. Transfers of financial assets Bank Owned Life Insurance (BOLI) Other real estate owned no 3,000,000 Fair value measurements Level 1 Level 2 Level 3 The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. Escrow accounts Financial Instruments with off-balance-sheet risk Allowance for credit losses - off-balance sheet credit exposures Advertising cost Employee Stock Ownership Plan (ESOP) – The Bank sponsors an internally leveraged ESOP. The cost of shares issued to the ESOP but not yet released is shown as unearned ESOP shares, an element of stockholders’ equity in our consolidated balance sheets. As shares are committed to be released, compensation expense is recorded equal to the market price of the shares, and the shares become outstanding for purposes of earnings per share calculations. To the extent that the fair value of ESOP shares committed differs from the cost of such shares, the difference is charged or credited to additional paid-in capital in stockholders’ equity. Cash dividends on unallocated ESOP shares may be used to make payments on the ESOP loan and may be allocated to participant accounts in proportion to their account balances. Cash dividends paid on allocated shares are recorded as a reduction of retained earnings and, at the direction of the employer may be: a) credited directly to participant accounts in proportion to their account balances, or b) distributed directly to participants (outside the plan) in proportion to their account balances, or c) used to make payments on the ESOP loan requiring the release of shares with at least a similar fair market value be allocated to participant accounts. In addition, participants have the right to receive an immediate distribution of their vested cash dividends paid on shares of common stock credited to their accounts. Other stock-based compensation – The Company has stock-based compensation plans which provide for the award of various benefits to directors and employees, including restricted stock and options to purchase stock. Each restricted stock award is separated into vesting tranches and compensation expense is recognized based on the fair value at the date of grant for each tranche on a straight-line basis over the vesting period reduced for estimated forfeitures. Cash dividends on unvested restricted shares are charged to compensation expense. The fair value of stock option awards granted is estimated using the Black-Scholes-Merton option pricing model using inputs including the option exercise price and risk-free rate of return, and assumptions for expected dividend yield, expected stock price volatility and the expected life of the awards. The closing market price of the Company’s stock on the date of grant is the exercise price for the stock options and the estimated fair value of the restricted stock awards. Expense is recognized over the required service period, defined as the vesting period. For awards with graded vesting, expense is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize expense net of actual forfeitures. Employee retention credit 254,000 Income taxes Comprehensive income (loss) Earnings per common share Recent Accounting Guidance That Has Not Yet Been Adopted In December 2023, the Financial Accounting Standards Board issued a final standard on improvements to income tax disclosures. The standard requires, among other things, disaggregated information regarding effective tax rate reconciliation components, as well as information on income taxes paid. This standard, Accounting Standards Update No. 2023-9, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, applies to all entities subject to income taxes. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted.

BUSINESS COMBINATION

BUSINESS COMBINATION	3 Months Ended
	Mar. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
BUSINESS COMBINATION	NOTE 2 – BUSINESS COMBINATION On March 19, 2024, Bancorp 34 completed its previously announced merger with CBOA pursuant to the Agreement and Plan of Merger, dated as of April 27, 2023, as amended (the “Merger Agreement”). Under the Merger Agreement, CBOA was merged with and into Bancorp 34, with Bancorp 34 continuing as the surviving entity (the “Merger”). Immediately following the completion of the Merger, CBOA’s wholly-owned subsidiary, Commerce Bank of Arizona, an Arizona state-chartered bank, was merged with and into the Bank, with the Bank continuing as the surviving bank. Pursuant to the terms of the Merger Agreement, at the effective time of the Merger, each CBOA shareholder had the right to receive 0.2628 shares of Bancorp 34 common stock, for each share of CBOA common stock owned by the CBOA shareholder, with cash to be paid in lieu of fractional shares. Additionally, each outstanding CBOA restricted stock unit vested and was cancelled and converted automatically into the right to receive 0.2628 shares of Bancorp 34 common stock with respect to each share of CBOA common stock underlying such restricted stock unit. In connection with the Merger, Bancorp 34 issued 2,742,257 shares of Bancorp 34 common stock, which had a fair value of approximately $23.3 million based on a common shares valuation as of the Merger date. Each outstanding share of Bancorp 34 common stock remained outstanding and was unaffected by the Merger. Commerce Bank of Arizona operated five full-service offices serving customers in Gilbert, Green Valley, Oro Valley, Scottsdale and Tucson, Arizona. Completing the Merger further enhanced the Bank’s Arizona footprint, allowed for greater efficiencies based on size and scale, and strengthened the depth of the management team. The combined banks operate as Southwest Heritage Bank and serve customers from eight full-service offices in Arizona and southern New Mexico. The core system conversion was executed in March 2024. We accounted for the Merger using the acquisition method of accounting in accordance the Financial Accounting Standards Board’s Accounting Standards Code 805 (“ASC 805”), Business Combinations, and accordingly, the assets and liabilities of CBOA were recorded at their respective Merger date estimated fair values. The estimated fair values of assets and liabilities are preliminary and subject to refinement during the measurement period (which cannot exceed one year from the Merger date), as additional information relative to the Merger date fair values becomes available. Effective in March 2024, we recognized a preliminary bargain purchase gain of $5.1 million in connection with the Merger (not taxable for income tax purposes), which is recognized in our first quarter 2024 operating results. The core deposit intangible asset of $8.9 million represents the estimated value of Commerce Bank of Arizona’s long-term deposit relationships with its customers and will be amortized over an estimated weighted average life of ten years using an accelerated method, which approximates the estimated run-off of the acquired deposits. During 2023 and through March 31, 2024, Bancorp 34 incurred, on a cumulative basis, approximately $6.4 million of merger-related expenses. The primary cause of the $5.1 million preliminary bargain purchase gain was a decrease in Bancorp 34, Inc.’s common share valuation from April 2023 to March 2024. In April 2023 and upon the announcement of the Merger, the common share exchange ratio was 0.24, and Bancorp 34, Inc’s common share valuation was estimated to be $12.16 per share, based upon a third-party fairness opinion obtained in connection with the Merger. As of the Merger date in March 2024 and before Bancorp 34, Inc. issued its 2.7 million shares for the Merger, the common share exchange ratio was 0.2628 and Bancorp, Inc’s common share valuation was estimated to be $8.50, based on a March 2024 common share valuation completed by an independent third party. The following table includes the: (i) total consideration paid on March 19, 2024, in connection with the Merger; (ii) fair values of the assets acquired; (iii) fair values of the liabilities assumed; and (iv) resulting preliminary bargain purchase gain (in thousands). Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (in thousands) As Recorded Estimated Estimated Fair Value of the common stock consideration $ 23,310 Identifiable assets acquired: Cash and cash equivalents $ 30,927 $ — $ 30,927 Debt securities available for sale, at fair value 57,844 376 58,220 Loans Purchased performing 300,080 (15,357 ) 284,723 Purchased credit deteriorated 30,425 (4,262 ) 26,163 Allowance for credit losses on loans (3,855 ) 3,855 — Deferred loan fees (1,033 ) 1,033 — Deferred tax on assets acquired — 1,233 1,233 Operating right-of-use assets 2,866 — 2,866 Core deposit intangibles — 8,930 8,930 Other assets 6,284 (20 ) 6,264 Total identifiable assets acquired $ 423,538 $ (4,212 ) $ 419,326 Identifiable liabilities assumed: Deposits 346,995 (252 ) 346,743 Short-term borrowings 35,000 — 35,000 Long-term borrowings 5,155 (1,012 ) 4,143 Deferred taxes on liabilities assumed — 253 253 Other liabilities 4,661 80 4,741 Total identifiable liabilities assumed $ 391,811 $ (931 ) $ 390,880 Net identifiable assets acquired $ 31,727 $ (3,281 ) $ 28,446 Preliminary bargain purchase gain $ (5,136 ) As permitted by ASC 805, Business Combinations, the above preliminary estimates may be refined during the measurement period (which cannot exceed one year from the Merger date), to reflect any new information obtained about facts and circumstances existing at the Merger date. Any changes in the above preliminary estimates will be recognized in the period identified. Purchased Performing Loans (Non-Purchased Credit Deteriorated Loans) Non-purchased credit deteriorated loans (“non-PCD loans”) are loans, of the date of the Merger and based upon management’s assessment, which have not experienced a more-than-insignificant deterioration in credit quality since the date the loans were originated. The loan’s purchase price becomes its initial amortized cost basis. The difference between the initial amortized cost basis and the unpaid principal balance of the loan is a discount, which is comprised of a credit and non-credit component, and is accreted as interest income over the life of the loan. An allowance for credit losses is determined using the same methodology as other loans held for investment. A $4.1 million “Day Two” allowance for credit losses for non-PCD loans was recorded through the provision expense for credit losses. This $4.1 million allowance for credit losses for non-PCD loans represents management’s estimate of lifetime credit losses on these non-PCD loans. Purchased Credit Deteriorated Loans Purchased Credit Deteriorated Loans Purchased credit deteriorated loans (“PCD loans”) represent loans, as of the date of the Merger and based upon management’s assessment, which had experienced a more-than-insignificant deterioration in credit quality since the date the loans were originated. An allowance for credit losses for PCD loans was determined using the same methodology as other loans held for investment. The initial allowance for credit losses for PCD loans was determined on a collective basis and was allocated to individual PCD loans. This allowance for credit losses is reflected as a “Day 2” on-balance sheet gross-up to the allowance for credit losses and as an increase to PCD loans. The PCD loans’ purchase price of $26.2 million plus the allowance for credit losses of $1.1 million, becomes the initial amortized cost basis of $27.3 million for the PCD loans. The difference between the initial amortized cost basis and the unpaid principal balance of the PCD loans of $30.4 million, results in a non-credit discount for the PCD loans of $3.1 million, which is accreted as interest income over the life of the PCD loans. Thereafter, the PCD loans are subject to the same interest rate recognition and impairment model as non-PCD loans, with changes to the allowance for credit losses recorded through provision expense. As of the Merger date and as described above, the PCD Loans included the following components (in thousands): Schedule of Purchased Credit Deteriorated Loans Unpaid principal balance $ 30,425 Allowance for credit losses at acquisition (1,164 ) Non-credit discount (3,098 ) Purchase price $ 26,163 Pro Forma Information The pro forma revenues and pro forma earnings in the following table combine CBOA’s consolidated operating results and Bancorp 34’s consolidated operating results as if the Merger had occurred at the beginning of each of the periods presented. The pro forma amounts for the three months ended March 31, 2024, exclude the following pre-tax adjustments, each of which management deemed material, nonrecurring and directly attributable to the Merger: (i) the $5.1 million preliminary bargain purchase gain (not taxable for income tax purposes); (ii) $4 million of combined merger-related expenses, a portion of which is not tax deductible; and (iii) the $4.1 million “Day Two” non-PCD loans’ provision expense for credit losses. These pre-tax adjustments were partially offset by a combined $2 million tax benefit. The pro forma amounts for the three months ended March 31, 2024, include the following recurring “Day 2” items, which initially occurred in March 2024 in connection with the Merger: (i) $309,000 for 13 days of income accretion from the loan-related fair value adjustments; and (ii) $62,000 for 13 days of Core Deposit intangible amortization expense. Management prepared these pro forma results for comparative purposes only and these pro forma results are not necessarily indicative of the actual results that would have been obtained had the Merger actually occurred at the beginning of each of the periods presented. No assumptions have been applied to the pro forma revenues and pro forma earnings regarding, for example, possible revenue enhancements, expense efficiencies, fixed cost leverage opportunities, or asset dispositions. Additionally, the pro forma amounts for Bancorp 34’s weighted average basic and diluted common shares outstanding are based upon: (i) Bancorp 34’s actual weighted average basic and diluted common shares outstanding for each of the periods presented; together with (ii) Bancorp’s approximate 2.7 million common shares issued in connection with the Merger, as if the Merger had occurred at the beginning of each of the periods presented. Business Combination Pro Forma Information Pro Forma Three months ended March 31, (in thousands, except per share data) 2024 2023 Total revenues (net interest income and non-interest income) $ 6,769 $ 8,464 Net (loss) income $ (589 ) $ 1,245 (Loss) earnings per share - basic $ (0.09 ) $ 0.20 (Loss) earnings per share - diluted $ (0.09 ) $ 0.20 Separately, management has determined that it is impractical to report amounts of revenue and earnings of CBOA after the Merger date of March 19, 2024. Bank core systems and related data conversions occurred after the Merger date, from March 22, 2024, through March 25, 2024. Accordingly, management believes that reliable, accurate, separate, and complete revenue and earnings information for CBOA is no longer available.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
SECURITIES	NOTE 3 – SECURITIES Available-for-sale and held-to-maturity securities have been classified in the consolidated balance sheets according to management’s intent on March 31, 2024, and December 31, 2023. The amortized cost of such securities and their approximate fair values were as follows (dollars in thousands): Schedule of Available-for-sale and held-to-maturity securities Available-for-sale March 31, 2024 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Mortgage-backed securities $ 74,530 $ 236 $ (5,003 ) $ 69,763 U.S. Treasuries 3,066 — (296 ) 2,770 U.S. government agencies 8,571 28 (14 ) 8,585 Municipal obligations 22,902 — (2,650 ) 20,252 Corporate debt 1,000 — (144 ) 856 Total $ 110,069 $ 264 $ (8,107 ) $ 102,226 Held-to-maturity March 31, 2024 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Corporate debt $ 5,791 $ — $ (556 ) $ 5,235 Total $ 5,791 $ — $ (556 ) $ 5,235 Allowance for Credit Losses $ (146 ) Net Carrying Value of Held-to-maturity securities $ 5,645 Available-for-sale December 31, 2023 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Mortgage-backed securities $ 36,829 $ — $ (4,362 ) $ 32,467 U.S. Treasuries 3,069 — (277 ) 2,792 U.S. government agencies 287 — (17 ) 270 Municipal obligations 22,921 — (2,593 ) 20,328 Corporate debt 1,000 — (167 ) 833 Total $ 64,106 $ — $ (7,416 ) $ 56,690 Held-to-maturity December 31, 2023 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Corporate debt $ 5,799 $ — $ (692 ) $ 5,107 Total $ 5,799 $ — $ (692 ) $ 5,107 Allowance for Credit Losses $ (115 ) Net Carrying Value of Held-to-maturity securities $ 5,684 There was no allowance for credit losses related to available for sale securities as of March 31, 2024, or December 31, 2023. Securities with unrealized losses on March 31, 2024, and December 31, 2023, that have not been recognized in income are as follows (dollars in thousands): Schedule of Securities with unrealized losses Continued Unrealized Continued Unrealized Total Description of securities Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale, March 31, 2024 Mortgage-backed securities $ 11,953 $ (88 ) $ 29,014 $ (4,915 ) $ 40,967 $ (5,003 ) U.S. Treasuries — — 2,770 (296 ) 2,770 (296 ) U.S. government agencies 454 (1 ) 246 (13 ) 700 (14 ) Municipal obligations — — 20,251 (2,650 ) 20,251 (2,650 ) Corporate debt — — 856 (144 ) 856 (144 ) Total temporarily impaired $ 12,407 $ (89 ) $ 53,137 $ (8,018 ) $ 65,544 $ (8,107 ) Held to Maturity March 31, 2024 Corporate debt $ — $ — $ 5,235 $ (556 ) $ 5,235 $ (556 ) Total temporarily impaired $ — $ — $ 5,235 $ (556 ) $ 5,235 $ (556 ) Continued Unrealized Continued Unrealized Total Description of securities Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale, December 31, 2023 Mortgage-backed securities $ — $ — $ 30,462 $ (4,362 ) $ 30,462 $ (4,362 ) U.S. Treasuries — — 2,792 (277 ) 2,792 (277 ) U.S. government agencies — — 270 (17 ) 270 (17 ) Municipal obligations — — 20,328 (2,593 ) 20,328 (2,593 ) Corporate debt — — 833 (167 ) 833 (167 ) Total temporarily impaired $ — $ — $ 54,685 $ (7,416 ) $ 54,685 $ (7,416 ) Held to Maturity December 31, 2023 Corporate debt $ 904 $ (96 ) $ 4,203 $ (596 ) $ 5,107 $ (692 ) Total temporarily impaired $ 904 $ (96 ) $ 4,203 $ (596 ) $ 5,107 $ (692 ) Unrealized losses on U.S. Treasury bonds and U.S. Agency bonds have not been recognized through the income statement due to the bonds being backed in full by the United States government. Management has no intent to sell the securities, the Company can hold the securities to maturity, and the decline in fair value is largely due to changes in market interest rates. The fair value is expected to recover as the securities approach their maturity date. Unrealized losses on mortgage-backed securities have not been recognized into income. At March 31, 2024, 92% of the mortgage-backed securities portfolio were issued by U.S. government sponsored entities or agencies. Because the decline in fair value is attributable to changes in interest rates, and not credit quality, and because the Company does not intend to sell the mortgage-backed securities, it is likely that management will not be required to sell the securities prior to their anticipated recovery as of March 31, 2024. The remainder of the mortgage-backed securities portfolio includes non-agency structured commercial mortgage-backed securities (CMBS) with a fair value of $5,654,000 which had unrealized losses of $645,000 at March 31, 2024. Each CMBS was rated AAA at March 31, 2024. These bonds have significant credit enhancement and have performed as agreed. Management does not intend to sell the CMBS and it is likely that management will not be required to sell the securities prior to their anticipated recovery. Unrealized losses on available-for-sale municipal obligation securities have not been recognized through the income statement. As of March 31, 2024, the credit rating for these securities ranges from A+ to AAA. General Obligation bonds represent 30% of the municipal bond portfolio. The remaining 70% of the portfolio consists of revenue bonds, the majority of which are essential purpose or have an insurance wrapper. Management has no intent to sell these securities and can hold the securities to maturity. The decline in fair value is largely due to changes in market interest rates and management expects the fair value to recover as the securities approach their maturity date. Management evaluated the foregoing available-for-sale securities for potential impairment as of March 31, 2024. Based on this evaluation, including the preceding analysis summary, management has determined that the unrealized losses on available-for-sale securities are primarily attributable to increases in market interest rates and do not reflect credit losses. Accordingly, as of March 31, 2024, management concluded that an allowance for credit losses on available-for-sale securities is not necessary, as the decline in fair value is not indicative of credit losses. Management will continue to monitor the fair value of these available-for-sale securities and reassess the need for an allowance for credit losses if circumstances change. Certain information concerning the sale of debt securities available-for-sale for the three months ended March 31, 2024, and 2023, was as follows (dollars in thousands): Schedule of Information regarding Sale of Debt Securities Available-for-Sale 3/31/2024 3/31/2023 Proceeds from sale $ 7,471 $ — Gross realized gains $ — $ — Gross realized losses $ — $ — Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. As of March 31, 2024, the amortized cost and estimated fair value of the debt securities portfolio are shown by contractual maturity dates (dollars in thousands). Schedule of Amortized Cost and Fair Value of Investment Securities Amortized Fair Average Available-for-sale Due in one year or less $ 1,380 $ 1,369 2.68 % Due from one to five years 12,180 11,107 2.11 % Due from five to ten years 21,979 19,987 3.10 % Due after ten years — — — Mortgage-backed securities 74,530 69,763 3.63 % Total $ 110,069 $ 102,226 3.34 % Amortized Fair Average Held-to-maturity Due in one year or less $ — $ — — Due from one to five years — — — Due from five to ten years 5,791 5,235 4.30 % Due after ten years — — — Total $ 5,791 $ 5,235 4.30 % Securities pledged at March 31, 2024, and December 31, 2023, had carrying amounts of $ 62,016,000 43,070,000 The Company had no investment in securities of issuers outside of the United States as of December 31, 2023, or 2022. Allowance for Credit Losses for HTM Securities Management measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type. The held-to-maturity investment portfolio consists solely of bank holding company subordinated debt. Accrued interest receivable on held-to-maturity debt securities totaled $83,000 at March 31, 2024, and is excluded from the estimate of credit losses. Refer to Note 1 – Nature of Operations and Significant Accounting Policies for additional information on the Company’s methodology on estimating credit losses. The following table presents the activity in the allowance for credit losses for debt securities held-to-maturity by major security type (dollars in thousands): Schedule of Allowance for Credit Losses for Securities Held-To-Maturity For the three months ended March 31, 2024 Corporate Bonds Allowance for credit losses: Beginning balance $ 115 Provision for credit losses 31 Securities charged -off (recoveries) — Total ending allowance balance 146 The Company monitors the credit quality of held-to-maturity securities on a quarterly basis. As of March 31, 2024, there were no held-to-maturity securities past due or on non-accrual.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 4 – LOANS AND ALLOWANCE FOR CREDIT LOSSES On January 1, 2023, the Company adopted the new CECL standard, ASU 2016-13, using the modified retrospective method for all financial assets measured at amortized cost. For comparability, the Company has adjusted certain prior period loan amounts to conform to the current presentation of segmentation under CECL. Refer to Note 1 - Summary of Significant Accounting Policies for additional information related to the Company’s methodology for estimating the allowance for credit losses. The following presents a summary of the Company’s loans at amortized cost as of the dates noted (dollars in thousands): Schedule of Company's Loan March 31, December 31, 2024 2023 1-4 Family residential real estate $ 72,355 $ 61,645 Commercial 127,957 50,169 Consumer and other 872 698 Construction 56,410 34,538 Non-Owner Occupied (NOO) CRE 262,623 167,203 Owner Occupied (OO) CRE 159,376 82,228 Multifamily 70,714 60,546 Loans held for investment 750,307 457,027 Less: allowance for credit losses (10,675 ) (5,860 ) Loans, net $ 739,632 $ 451,167 Allowance for Credit Losses on Loans Beginning January 1, 2023, the allowance for credit losses for loans is measured on the loan’s amortized cost basis, excluding interest receivable. Interest receivable excluded at March 31, 2024, and December 31, 2023, was $ 2.7 million 1.3 million Allocation of a portion of the allowance for credit losses to one category of loans does not preclude its availability to absorb losses in other categories. The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2024, and March 31, 2023, (dollars in thousands): Schedule of Allowance for Credit Losses 1–4 Family NOO OO Residential Consumer Commercial Commercial Real Estate Commercial and Other Construction Real Estate Real Estate Multifamily Total Changes in allowance for credit losses for the three months ended March 31, 2024 Beginning balance $ 736 $ 924 $ 8 $ 512 $ 1,859 $ 1,201 $ 620 $ 5,860 Acquisition of CBOA Financial PCD Loans 34 777 1 258 83 11 — 1,164 Provision (credit) for loan losses 126 1,409 1 64 1,165 941 146 3,852 Loans charged off — (208 ) — — — — — (208 ) Recoveries 2 5 — — — — 7 Balance on March 31, 2024 $ 898 $ 2,907 $ 10 $ 834 $ 3,107 $ 2,153 $ 766 $ 10,675 1–4 Family NOO OO Residential Consumer Commercial Commercial Real Estate Commercial and Other Construction Real Estate Real Estate Multifamily Total Changes in allowance for loan losses for the three months ended March 31, 2023 Beginning balance $ 454 $ 1,382 $ 56 $ 222 $ 1,680 $ 555 $ 429 $ 4,778 Impact of adopting of ASU 2016-13 (33 ) (307 ) (50 ) 441 271 142 140 604 Provision (credit) for loan losses — — — — — — — — Loans charged off — — — — — — — — Recoveries 1 — — — — — — 1 Balance on March 31, 2023 $ 422 $ 1,075 $ 6 $ 663 $ 1,951 $ 697 $ 569 $ 5,383 The following table presents the aging of the recorded investment in contractually past due loans, as of March 31, 2024, and December 31, 2023. It is shown by class of loans (dollars in thousands): Schedule of Loan Category and Aging Analysis of Loans Loans Contractually Past Due March 31, 2024 30–59 60–89 Over 90 Total Loans Not Total 1-4 Family residential real estate $ 259 $ — $ — $ 259 $ 72,096 $ 72,355 Commercial 2,813 885 350 4,048 123,909 127,957 Consumer and other — — — — 872 872 Construction — — — — 56,410 56,410 NOO CRE — — — — 262,623 262,623 OO CRE — — — — 159,376 159,376 Multifamily 337 — — 337 70,377 70,714 Total $ 3,409 $ 885 $ 350 $ 4,644 $ 745,663 $ 750,307 Loans Contractually Past Due December 31, 2023 30–59 60–89 Over 90 Total Loans Not Total 1-4 Family residential real estate $ 409 $ — $ — $ 409 $ 61,236 $ 61,645 Commercial — — 589 589 49,580 50,169 Consumer and other — — — — 698 698 Construction — — — — 34,538 34,538 NOO CRE — — — — 167,203 167,203 OO CRE — — — — 82,228 82,228 Multifamily — — — — 60,546 60,546 Total $ 409 $ — $ 589 $ 998 $ 456,029 $ 457,027 Credit quality indicators Pass Special Mention Substandard Doubtful Loss The following tables present the amortized cost basis of loans by credit quality indicator, by class of financing receivable, and year of origination for term loans as of March 31, 2024, and December 31, 2023. For revolving lines of credit that are converted to term loans, if the conversion involved a credit decision, such loans are included in the origination year in which the credit decision was made. If revolving lines of credit converted to term loans without a credit decision, such lines of credit are included in the “Revolving lines of credit converted to term” column in the following tables (dollars in thousands). Schedule of loan category and loan by risk categories Term Loans Amortized Cost by Origination Revolving Revolving Loans Loans Amortized Converted March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1-4 Family Pass $ 1,517 $ 5,870 $ 27,070 $ 12,402 $ 7,842 $ 13,501 $ 3,738 $ — $ 71,940 Special Mention — — — — — 350 — — 350 Substandard — — — — — 65 — — 65 Doubtful — — — — — — — — — Total 1-4 Familly 1,517 5,870 27,070 12,402 7,842 13,916 3,738 — 72,355 Current year-to-date gross write-offs — — — — — — — — — Commercial Pass 708 35,204 31,210 10,140 3,546 4,501 35,597 — 120,907 Special Mention — — 147 — 1,944 88 101 — 2,280 Substandard — 571 2,365 491 653 97 341 — 4,518 Doubtful — — — — 252 — — — 252 Total Commercial 708 35,775 33,722 10,631 6,395 4,686 36,039 — 127,957 Current year-to-date gross write-offs — — — — 208 — — — 208 Consumer and other Pass — — 129 — 3 40 700 — 872 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Consumer and Other — — 129 — 3 40 700 — 872 Current year-to-date gross write-offs — — — — — — — — — Construction Pass 1,855 15,914 26,371 6,439 723 2,318 18 — 53,639 Special Mention — 1,681 — — — — — — 1,681 Substandard — — — — — 1,090 — — 1,090 Doubtful — — — — — — — — — Total Construction 1,855 17,595 26,371 6,439 723 3,408 18 — 56,410 Current year-to-date gross write-offs — — — — — — — — — NOO CRE Pass 587 34,328 52,822 72,306 32,988 63,014 6,206 — 262,252 Special Mention — — — — — — — — — Substandard — — — — — 371 — — 371 Doubtful — — — — — — — — — Total NOO CRE 587 34,328 52,822 72,306 32,988 63,385 6,206 — 262,623 Current year-to-date gross write-offs — — — — — — — — — OO CRE Pass 879 37,994 30,487 38,286 12,414 28,899 199 — 149,158 Special Mention — 226 — 7,099 — 1,676 — — 9,001 Substandard — — — — 37 1,180 — — 1,217 Doubtful — — — — — — — — — Total OO CRE 879 38,220 30,487 45,385 12,451 31,755 199 — 159,376 Current year-to-date gross write-offs — — — — — — — — — Multi Family Pass — 500 19,853 24,811 6,478 16,238 860 — 68,739 Special Mention — — — — 1,023 — — — 1,023 Substandard — — — 952 — — — — 952 Doubtful — — — — — — — — — Total Multi Family — 500 19,853 25,763 7,501 16,238 860 — 70,714 Current year-to-date gross write-offs — — — — — — — — — Total $ 5,547 $ 132,289 $ 190,455 $ 172,925 $ 67,903 $ 133,428 $ 47,760 $ — $ 750,307 Total year-to-date gross write-offs $ — $ — $ — $ — $ 208 $ — $ — $ — $ 208 Term Loans Amortized Cost by Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Revolving Total 1-4 Family Pass $ 4,244 $ 24,009 $ 12,236 $ 7,928 $ 1,466 $ 9,622 $ 1,717 $ — $ 61,222 Special Mention — — — — — 357 — — 357 Substandard — — — — — 67 — — 67 Doubtful — — — — — — — — — Total 1-4 Family 4,244 24,009 12,236 7,928 1,466 10,045 1,717 — 61,645 Current year-to-date gross write-offs — — — — — — — — — Commercial Pass 13,150 15,405 3,234 3,176 87 1,546 10,139 779 46,737 Special Mention — 163 — 2,018 — — — — 2,181 Substandard — — — 903 96 — — — 999 Doubtful — — — — 252 — — — 252 Total Commercial 13,150 15,568 3,234 6,097 435 1,546 10,139 779 50,169 Current year-to-date gross write-offs — — — — 321 — — — 321 Consumer and other Pass 43 138 — 5 10 3 499 — 698 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Consumer and Other 43 138 — 5 10 3 499 — 698 Current year-to-date gross write-offs — — — — — — — — — Construction Pass 7,788 21,551 3,938 38 310 592 321 — 34,538 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Construction 7,788 21,551 3,938 38 310 592 321 — 34,538 Current year-to-date gross write-offs — — — — — — — — — NOO CRE Pass 7,187 35,899 52,241 21,091 13,491 30,911 6,140 — 166,960 Special Mention — — — — — — — — — Substandard — — — 243 — — — — 243 Doubtful — — — — — — — — — Total NOO CRE 7,187 35,899 52,241 21,334 13,491 30,911 6,140 — 167,203 Current year-to-date gross write-offs 3,382 — — — — — — — 3,382 OO CRE Pass 20,726 12,365 20,807 7,966 5,806 4,214 — — 71,884 Special Mention 228 — 7,196 — — 1,690 — — 9,114 Substandard — — — 37 1,193 — — — 1,230 Doubtful — — — — — — — — — Total OO CRE 20,954 12,365 28,003 8,003 6,999 5,904 — — 82,228 Current year-to-date gross write-offs — — — — — — — — — Multi Family Pass 500 15,652 22,007 7,572 6,369 7,105 371 — 59,575 Special Mention — — — — — — — — — Substandard — — 970 — — — — — 970 Doubtful — — — — — — — — — Total Multi Family 500 15,652 22,977 7,572 6,369 7,105 371 — 60,546 Current year-to-date gross write-offs — — — — — — — — — Total $ 53,866 $ 125,182 $ 122,629 $ 50,977 $ 29,080 $ 56,106 $ 19,187 $ 779 $ 457,027 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ — Non-accrual loans Schedule of Nonaccrual Loans As of March 31, 2024 Non-accrual loans Total non-accrual Loans past due 1-4 Family residential real estate $ 65 $ 65 $ — Commercial 1,412 2,046 — Consumer and other — — — Construction — — — NOO CRE 371 371 — OO CRE — — — Multifamily 953 953 — Total $ 2,801 $ 3,435 $ — As of December 31, 2023 Non-accrual loans Total non-accrual Loans past due 1-4 Family residential real estate $ 66 $ 66 $ — Commercial 847 1,208 — Consumer and other — — — Construction — — — NOO CRE — — — OO CRE — — — Multifamily 970 970 — Total $ 1,883 $ 2,244 $ — Non-accrual loan balances guaranteed by the SBA are $1,145,000, or 33.3%, and $589,000, or 26.3%, of the nonaccrual loan balances at March 31, 2024, and December 31, 2023, respectively. Collateral dependent loans Schedule of Collateral Dependent Loans As of March 31, 2024 Secured by Secured by Total 1-4 Family residential real estate $ 65 $ — $ 65 Commercial — 2,046 2,046 Consumer and other — — — Construction — — — NOO CRE 371 — 371 OO CRE — — — Multifamily 953 — 953 Total $ 1,389 $ 2,046 $ 3,435 Loan Modifications Made to Borrowers Experiencing Financial Difficulty

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT, NET	NOTE 5 – PREMISES AND EQUIPMENT, NET Components of premises and equipment, net included in the consolidated balance sheets were as follows (dollars in thousands): Schedule of Premises and equipment March 31, December 31, 2024 2023 Land and improvements $ 3,316 $ 1,806 Buildings and improvements 12,578 12,482 Furniture and equipment 3,622 1,953 Total cost 19,516 16,241 Accumulated depreciation and amortization (10,641 ) (8,891 ) Net book value $ 8,875 $ 7,350 Depreciation and amortization expenses were $ 189,000 133,000

TIME DEPOSITS

TIME DEPOSITS	3 Months Ended
	Mar. 31, 2024
Time Deposits
TIME DEPOSITS	NOTE 6 – TIME DEPOSITS Following are maturities of time deposits at March 31, 2024, and December 31, 2023, (dollars in thousands): Schedule of Maturities of Time Deposits March 31, December 31, Maturity 2024 2023 One year or less $ 178,632 $ 93,675 Over one through three years 31,817 30,390 Over three through five years 4,676 4,338 Totals $ 215,125 $ 128,403 On March 31, 2024, and December 31, 2023, the Bank had $ 76.9 million 43.9 million 58.1 million 27.5 million As of March 31, 2024, and December 31, 2023, certificate of deposits includes brokered CD balances of $ 8,082,000 19,531,000

BORROWINGS

BORROWINGS	3 Months Ended
	Mar. 31, 2024
Borrowings
BORROWINGS	NOTE 7 – BORROWINGS On March 12, 2023, the Federal Reserve Board announced it would make additional funding available to eligible depository institutions to help ensure banks could meet the needs of depositors made available through the creation of a new Bank Term Funding Program (“BTFP”). The BTFP is a liquidity resource with capacity based on the pledging of high-quality securities. The intention of the program was to eliminate an institution’s need to quickly sell those securities in times of stress. Effective March 11, 2024, the Federal Reserve ceased lending under the programs terms. Outstanding borrowings were not impacted. As of March 31, 2024, the Bank had security pledges totaling $ 52.1 million 16.0 million The Bank has established a borrowing line at the Federal Home Loan Bank of San Francisco. As of March 31, 2024, borrowing capacity totaled $ 144.8 million As of March 31, 2024, and December 31, 2023, the Bank had available unsecured Federal Funds lines of credit at correspondent banks totaling $ 52.8 million 39.8 million On June 29, 2021, the Company completed a private placement of $ 25.0 million 392,000 As part of the Merger with CBOA, the Company acquired CBOA Financial Statutory Trust #1, a trust formed by CBOA in November 2005. The trust closed a pooled private offering of 5,000 trust preferred securities with a liquidation amount of $1,000 per security. CBOA made a required equity contribution of $155,000 to form the trust and issued $5 million of subordinated debentures to the trust in exchange for ownership of all of the common securities of the trust and the proceeds of the preferred securities sold by the trust. The Company is able to redeem the subordinated debentures, in whole or in part, in a principal amount with integral multiples of $1,000, at 100% of the principal amount, plus accrued and unpaid interest until maturity in 2036. The subordinated debentures are also redeemable in whole or in part from time to time, upon the occurrence of specific events defined within the trust indenture. Bancorp 34 has the option to defer interest payments on the subordinated debentures from time to time, for a period not to exceed five consecutive years. Bancorp 34 has elected not to defer interest payments on the subordinated debentures. The trust preferred securities have a variable rate of interest, reset quarterly on the 23rd of each February, May, August, and November, equal to the sum of 3-month CME term SOFR plus 1.70%. As of March 31, 2024, the rate was 7.28%. Bancorp 34’s investment in the common stock of the trust is $155,000, which is included in other assets and is accounted for as an unconsolidated cost-method investment. Bancorp 34 is not considered the primary beneficiary of this trust, and therefore the trust is not consolidated in the financial statements. Rather the subordinated debentures are shown as a liability. The following are maturities of outstanding borrowings as of March 31, 2024, (dollars in thousands): Schedule of maturities of outstanding borrowings Maturity One year or less $ 49,000 Over one through three years 0 Over three through five years 0 Over five through ten years 23,500 Over ten years 5,000 Totals $ 77,500

FINANCIAL INSTRUMENTS WITH OFF

FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK	3 Months Ended
	Mar. 31, 2024
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK	NOTE 8 – FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK In the normal course of business, and from time to time, the Bank has had outstanding commitments to extend credit and standby letters of credit which, consistent with U.S. GAAP, are not reflected in the accompanying consolidated financial statements. The Bank’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amounts of those instruments. The Bank uses the same credit policies in making commitments as it does for instruments that are included in the consolidated balance sheets. Contractual or notional amounts of financial instruments representing off-balance-sheet credit risk are as follows as of the dates indicated (dollars in thousands): Schedule of Financial Instruments with Off-Balance-Sheet Risk March 31, December 31, 2024 2023 Fixed Variable Fixed Variable Commitments to extend credit $ 15,981 $ 17,032 $ 5,327 $ 6,966 Unused lines of credit 3,673 49,483 3,962 18,859 Totals $ 19,654 $ 66,515 $ 9,289 $ 25,825 Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Schedule of Credit Losses on Off-Balance Sheet Credit For the three months Beginning Balance: $ 135,000 Impact of merger with CBOA Financial, Inc. 222,000 (Release) provision for credit losses 33,000 Ending Balance $ 390,000 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 Collateral held varies by and may include accounts receivable, inventory, property and equipment, 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. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Bank’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. The Bank had one standby letter of credit totaling $ 75,000

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
LEASES	NOTE 9 – LEASES The Bank has noncancelable operating leases for office space that expire over the next seven years that require the payment of base lease amounts and executory costs such as taxes, maintenance, and insurance. At March 31, 2024, the bank has 6 active operating lease. Rental expenses for leases were $ 166,000 85,000 The following presents the classification of the right-of-use assets and corresponding liabilities as of the dates presented (dollars in thousands): Schedule of Lease Information March 31, December 31, 2024 2023 Lease right-of-use assets Operating lease right-of-use assets $ 4,599 $ 1,819 Lease Liabilities Operating lease liabilities $ 5,202 $ 2,011 Approximate future minimum rental commitments under noncancelable leases as of March 31, 2024, are (dollars in thousands): Schedule of Future Undiscounted Operating Lease Payments 2024 $ 657 2025 902 2026 851 2027 740 2028 621 2029 652 2030 640 2031 119 2032 20 Operating lease liabilities (present value of minimum lease payments) $ 5,202 Weighted-average remaining term (in years) 5.9 Weighted-average discount rate 2.83 %

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 10 -- INCOME TAXES For the first quarter of 2024 and 2023, income tax (benefit) expense differs from the amounts computed by applying the federal income tax rate of 21% Income tax (benefit) expense calculated at the statutory federal income tax rate of 21% for the first quarter of 2024 and 2023, differs from actual income tax (benefit) expense as follows: Schedule of Income Tax Rate Reconciliation Three months ended March 31, 2024 2023 (in thousands) Income tax at statutory federal tax rate $ (744 ) $ 126 State income taxes, net of federal tax benefit (140 ) 26 Non-taxable preliminary bargain purchase gain on the Merger (1,281 ) — Non-deductible merger costs, including success based-fees 174 — Other income tax items, net (12 ) 6 Totals $ (2,003 ) $ 158

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2024
Regulatory Matters
REGULATORY MATTERS	NOTE 11 – REGULATORY MATTERS Southwest Heritage Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines involving quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts, and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total risk-based capital and Tier 1 capital to risk-weighted assets, and Tier 1 capital to adjusted total assets. Management believes, as of March 31, 2024, and December 31, 2023, the Bank meets all capital adequacy requirements to which it is subject. Banks are also subject to certain restrictions on the dollar amount of dividends that they may declare without prior regulatory approval. As of March 31, 2024, the Bank was categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank has to maintain minimum total risk-based, Tier 1 risk-based, and Tier 1 leverage ratios as disclosed in the table below. There are no conditions or events that management believes have changed the Bank’s prompt corrective action category. The Bank has not opted into the Community Bank Leverage Ratio (“CBLR”) and therefore is required to continue calculating and reporting risk-based capital ratios. The Bank’s actual and required capital amounts and ratios are as follows (dollars in thousands): Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company Actual Minimum Required Minimum Required Amount Ratio Amount Ratio Amount Ratio March 31, 2024 Total Capital to risk-weighted assets: $ 96,253 11.66 % $ 66,040 8 % $ 82,550 10 % Tier 1 (Core) Capital to risk weighted assets: $ 85,913 10.40 % $ 49,565 6 % $ 66,087 8 % Common Tier 1 Capital to risk $ 85,913 10.40 % $ 37,174 4.50 % $ 53,696 6.50 % Tier 1 (Core) Capital to average assets: $ 85,913 8.78 % $ 39,140 4 % $ 48,295 5 % Actual Minimum Required Minimum Required Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total Capital to risk-weighted assets: $ 74,142 14.79 % $ 40,114 8 % $ 50,143 10 % Tier 1 (Core) Capital to risk weighted assets: $ 68,032 13.57 % $ 30,086 6 % $ 40,114 8 % Common Tier 1 Capital to risk $ 68,032 13.57 % $ 22,564 4.50 % $ 32,593 6.50 % Tier 1 (Core) Capital to average assets: $ 68,032 11.66 % $ 23,347 4 % $ 29,184 5 %

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 – RELATED PARTY TRANSACTIONS The Bank periodically enters into transactions with its executive officers, directors, significant stockholders, and their affiliates (related parties). Transactions with such related parties included (dollars in thousands): Schedule of Related Party Transactions March 31, 2024 December 31, 2023 Fees and bonuses paid to directors during the period $ 69 $ 65 Deposits from related parties held by the bank at the end of period 2,047 2,607 There was one line of credit with a $0 balance, $100,000 limit, to one insider at March 31, 2024. There were no loans to related parties as of December 31, 2023.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	NOTE 13 – STOCK BASED COMPENSATION Stock-based expense for the three months ended March 31, 2024, and March 31, 2023, was $ 30,000 31,000 The Company accounts for forfeitures when they occur by reversing any previously accrued compensation expense on forfeited options in accordance with ASC 718, Compensation – Stock Compensation. On November 17, 2017, the Company’s stockholders approved the adoption of the 2017 Equity Incentive Plan (“2017 Plan”). The 2017 Plan provides for the grant of a maximum of 263,127 187,948 75,179 On May 25, 2022, the Company’s stockholders approved the adoption of the 2022 Equity Incentive Plan (“2022 Plan”). The 2022 Plan provides for the grant of a maximum of 252,340 168,227 84,113 The stock option plans allow for net settlement of vested options. In a net settlement, the Company, at the direction of the optionee, net settles the options by issuing new shares to the optionee with a value, at the current per share trading price, equal to the total in-the-money or intrinsic value of the options less any necessary tax withholdings on the disqualifying disposition of Incentive Stock Options. The optionee is granted newly issued shares and a small amount of cash in lieu of partial shares. There were no net settlements for the first three months of 2024 or 2023. For the three months ended March 31, 2024, and March 31, 2023, no stock compensation was issued under any equity incentive plan. A summary of stock option activity for the first three months of 2024 is presented below (Aggregate Intrinsic Value in thousands): Shares Weighted- Weighted- Aggregate Outstanding at beginning of year 137,500 $ 13.86 2.1 years — Granted — — — — Exercised — — — — Forfeited or expired (25,000 ) 14.90 0.7 years — Outstanding on March 31, 2024 112,500 $ 13.63 2.2 years $ — Exercisable on March 31, 2024 86,500 $ 14.07 1.4 years $ — A summary of restricted stock activity for the three months ended March 31, 2024, is presented below: Schedule of Non-Vested Restricted Stock Activity Shares Weighted- Average Non-vested on January 1, 2024 13,400 $ 12.97 3.9 years Granted — — — Vested (900 ) 14.97 2.8 years Forfeited — — — Non-vested on March 31, 2024 12,500 $ 12.82 3.6 years As of March 31, 2024, there was $ 60,000 134,000 Schedule of Unrecognized Equity-Based Expense under 2017 Equity Incentive Plan Year 2024 $ 48 2025 61 2026 49 2027 29 2028 7 Totals $ 194

FAIR VALUE INFORMATION

FAIR VALUE INFORMATION	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE INFORMATION	NOTE 14 – FAIR VALUE INFORMATION The following table presents information about assets and liabilities measured at fair value on a recurring and non-recurring basis and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair values (dollars in thousands): Schedule of Assets and Liabilities measured at Fair Value March 31, 2024 Quoted Prices Significant Significant Fair Value Recurring: Assets: Securities available-for-sale: Mortgage-backed securities $ — $ 69,763 $ — $ 69,763 U.S. Treasuries — 2,770 — 2,770 U.S. Government Agencies — 8,585 — 8,585 Municipal obligations — 20,252 — 20,252 Corporate debt — 856 — 856 Total available-for-sale: $ — $ 102,226 $ — $ 102,226 Nonrecurring basis: Collateral Dependent Loans $ — $ — $ 1,193 $ 1,193 December 31, 2023 Quoted Prices Significant Significant Fair Value Recurring: Assets: Securities available-for-sale: Mortgage-backed securities $ — $ 32,467 $ — $ 32,467 U.S. Treasuries — 2,792 — 2,792 U.S. Government Agencies — 270 — 270 Municipal obligations — 20,328 — 20,328 Corporate debt — 833 — 833 Total available-for-sale: $ — $ 56,690 $ — $ 56,690 Nonrecurring basis: Collateral dependent loans $ — $ — $ 1,071 $ 1,071 Other Real Estate Owned $ — $ — $ 3,000 $ 3,000 The fair values of certain of these instruments were calculated by discounting expected cash flows, which involves significant judgments by management and uncertainties. Fair value is the estimated amount at which financial assets or liabilities could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. Because no market exists for certain of these financial instruments and because management does not intend to There were no transfers between levels of the fair value hierarchy during the three months ended March 31, 2024, or the year ended December 31, 2023. The following table presents the significant unobservable inputs used in the fair value measurements for Level 3 financial assets measured on a non-recurring basis (dollars in thousands): Fair Value Measurement Inputs and Valuation Techniques Collateral Dependent Loans Fair Value Valuation Valuation Model Unobservable Input Commercial 1,193 Appraisal Receivables Discount/Liquidation Discount 0 50 Total collateral dependent loans $ 1,193 Collateral Dependent Loans Fair Value Valuation Valuation Model Unobservable Input Commercial 1,071 Appraisal Receivables Discount/Liquidation Discount 0 50 Total collateral dependent loans $ 1,071 Other Assets Other Real Estate Owned $ 3,000 Appraisal Appraisal Discount/Estimated Selling Costs 23 % The estimated fair values of the Company’s consolidated financial instruments on the dates noted are as follows (dollars in thousands): Schedule of Fair Value of Financial Instruments March 31, December 31, 2024 2023 Financial assets Fair Value Carrying Fair Carrying Fair Cash and due from banks Level 1 $ 66,234 $ 66,234 $ 27,182 $ 27,182 Federal funds sold Level 2 6,510 6,510 1,715 1,715 Securities available-for-sale Level 2 102,226 102,226 56,690 56,690 Securities held-to-maturity Level 2 5,645 5,235 5,684 5,107 Loans held for investment Level 3 750,307 730,156 457,027 437,878 Other investments Level 2 6,097 6,097 4,063 4,063 Accrued interest receivable Level 1 2,961 2,961 1,597 1,597 Financial liabilities Nonmaturity Deposits Level 1 $ (591,281 ) $ (591,281 ) $ (331,596 ) $ (331,596 ) Time deposits Level 2 (215,125 ) (214,408 ) (128,403 ) (128,108 ) FRB and FHLB advances Level 2 (49,000 ) (49,000 ) (29,000 ) (29,000 ) Subordinated debentures Level 3 (23,108 ) (19,383 ) (24,595 ) (20,421 ) Accrued interest payable Level 1 (1,337 ) (1,337 ) (521 ) (521 )

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings per share:
EARNINGS PER SHARE	NOTE 15 – EARNINGS PER SHARE For the three months ended March 31, 2024, the Company had voting common stock, restricted stock awards, and non-voting common stock that were all eligible to participate in dividends equal to the voting common stock dividends on a per share basis. For the three months ended March 31, 2023, the Company had voting common stock, restricted stock awards, and non-voting preferred stock that were all eligible to participate in dividends. Securities that participate in dividends are considered “participating securities.” The Company calculates net income available to voting common shareholders using the two-class method required for capital structures that include participating securities. In applying the two-class method, basic net income per share was calculated by dividing net income (less any dividends on participating securities) by the weighted average number of shares of common stock and participating securities outstanding for the period. Diluted earnings per share may include the additional effect of other securities, if dilutive. Potentially dilutive common stock equivalents consist of employee stock options and warrants. Unallocated common shares held by the ESOP are not included in the weighted average number of common shares outstanding for purposes of calculating earnings per common share until they are committed to be released to plan participants. The factors are used in the earnings per share computation follow: Schedule of Earning Per Share Three Months Ended March 31, (dollars in thousands, except for earnings per common share amounts) 2024 2023 Net (loss) income $ (1,539 ) $ 444 Less: convertible preferred stock dividends — (57 ) Less: earnings allocated to participating securities 4 (1 ) Net income allocated to common shareholders $ (1,535 ) $ 386 Basic weighted average common shares outstanding - Voting 4,127 3,473 Basic weighted average common shares outstanding - Non-Voting 820 — Diluted weighted average common shares outstanding - Voting 4,127 3,478 Diluted weighted average common shares outstanding - Non-Voting 820 — Basic earnings per common share - Voting $ (0.31 ) $ 0.11 Basic earnings per common share - Non-Voting $ (0.31 ) — Diluted earnings per common share - Voting $ (0.31 ) $ 0.11 Diluted earnings per common share - Non-Voting $ (0.31 ) — Participating securities are restricted stock awards and preferred stock since they participate in common stock dividends. Stock options for 112,500 118,820 211,667 211,667

REAL ESTATE OWNED

REAL ESTATE OWNED	3 Months Ended
	Mar. 31, 2024
Real Estate Owned
REAL ESTATE OWNED	NOTE 16 – REAL ESTATE OWNED Real estate owned activity was as follows (dollars in thousands): Schedule of Other Real Estate Owned Three months ended Three months ended Beginning balance $ 3,000 $ — Foreclosures and additions — — Loss on sale (432 ) — Sales (2,568 ) — Ending balance $ — $ — As of September 30, 2023, the Bank experienced a deterioration of one large out of market commercial real estate loan which resulted in this loan becoming nonperforming. As of December 31, 2023, a $3.3 million loss was reflected in the Bank’s operating results, and the remaining $3 million balance was transferred to other real estate owned. During the three months ended March 31, 2024, the note associated with this loan was sold for $2.6 million and a $432,000 pre-tax loss was reflected in the Bank’s operating results. At March 31, 2024, and December 31, 2023, there were no foreclosed residential real estate properties recorded as a result of obtaining physical possession of the properties. In addition, at March 31, 2024, and December 31, 2023, there were no recorded investments of consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings were in process.

PRIVATE PLACEMENT OF COMMON AND

PRIVATE PLACEMENT OF COMMON AND PREFERRED STOCK	3 Months Ended
	Mar. 31, 2024
Private Placement Of Common And Preferred Stock
PRIVATE PLACEMENT OF COMMON AND PREFERRED STOCK	NOTE 17 – PRIVATE PLACEMENT OF COMMON AND PREFERRED STOCK In December 2022 and January 2023, the Company completed one private placement of common stock and one private placement of preferred stock, respectively. The Company issued 1,359,497 820,115 28.6 million In conjunction with the private placements, the Company issued warrants to purchase up to 211,667 shares of Common Stock at a price of $14.00. The approximate fair value of the warrants was deemed immaterial by management. The Warrants are exercisable at any time after their grant date, and from time to time, in whole or in part, for 7 years from their grant dates, on December 30, 2029, and January 27, 2030. The exercise of such Warrants remains subject to certain contractual provisions and a “cashless exercise” may be executed. Non-voting common stock – In accordance with the capital raise, and in conjunction with shareholder approval at the Annual Meeting that occurred on June 29, 2023, a class of non-voting common stock was created on July 19, 2023. On said date, the State of Maryland approved the Articles Supplementary to the Articles of Incorporation for Bancorp 34, Inc. in which a class of authorized stock containing 1,100,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events
SUBSEQUENT EVENTS	NOTE 18 – SUBSEQUENT EVENTS In early April, the remaining $50.8 million of the investment portfolio acquired in the acquisition of CBOA Financial, Inc. was liquidated. A portion of the proceeds were used to pay off $20 million in borrowings from the Federal Reserve’s BTFP platform. The remaining $30.8 million was held in cash to supplement on hand liquidity.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation
Basis of consolidation	Basis of consolidation
Reclassifications	Reclassifications
Use of estimates	Use of estimates Significant estimates include, but are not limited to, allowance for credit losses, the fair value marks used in accounting for the acquisition of CBOA and estimating the effective tax rate for the Company for 2024 in full. The Company holds collateral dependent loans that are categorized as level three investments and are valued on a nonrecurring basis using unobservable inputs further described in Note 14.
Subsequent events	Subsequent events
Cash and cash equivalents	Cash and cash equivalents
Securities	Securities Net purchase premiums and discounts on securities are recognized in interest income using the level yield method over the estimated life of the security. Premiums are amortized to the earliest call date. Gains and losses on the sale of securities are determined using the specific identification method. For available-for-sale (AFS) securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that the Company will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through net income. For AFS securities that do not meet the aforementioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security is compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income (loss), net of applicable taxes. Allowance for credit losses - held-to-maturity securities
Loans held for investment, net	Loans held for investment, net Loan origination fees on loans the Bank originates, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. See Note 2 - BUSINESS COMBINATION, for our accounting methodology for the loans acquired in the merger. Allowance for credit losses - loans The principal segments of our loan portfolio are discussed below: Commercial loans Commercial real estate loans Multifamily Construction and land development loans Residential real estate loans Consumer loans The ACL for pooled loans is estimated using a non-discounted cash flow methodology. The bank then applies probability of default and loss given default to the cash flow methodology to calculate expected losses within the model. This allows the bank to identify the timing of default as compared to when the actual loss event may occur. The results are then aggregated to produce segment level results and reserve requirements for each segment. The Company uses a 12-month forecast that is reasonable and supportable within the ACL calculation and then reverts to historical credit loss experience on a straight-line basis over a one-year timeline. Historical loss experience is then used for the remaining life of the assets. The Company uses several economic variables in the calculation of the ACL, the most significant of which is the economic forecast for the national unemployment rate. Changes in the economic forecast for unemployment rates could significantly affect the estimated credit losses which could potentially lead to materially different allowance levels from one reporting period to the next. Loans that do not share risk characteristics are evaluated on an individual basis. Loans evaluated individually are not included in the pooled loan evaluation. When management determines that foreclosure is probable, expected credit losses are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. Qualitative adjustments to historical loss data are made based on management’s assessment of the risks that may lead to a future loan loss or differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, changes in environmental and economic conditions, or other relevant factors. The allowance is increased by a provision for credit losses, which is charged to expense and reduced by charge-offs, net of recoveries.
Acquired Loans	Acquired Loans
Premises and equipment	Premises and equipment – Land is carried at cost. Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method in amounts sufficient to relate the cost of depreciable assets to operations over the estimated useful lives of the assets which range from three to seven years for equipment and 15 to 40 years for leasehold improvements and buildings. Maintenance and repairs that do not extend the useful lives of premises and equipment are charged to expense as incurred.
Leases	Leases
Other investments	Other investments 4,948,000 3,254,000 The Company invested in the Castle Creek Launchpad Fund I, LP in April 2022. The Company has committed to funding up to $2 million over a 4-year funding period. As of March 31, 2024, the investment has a carrying value of $994,000 compared to $828,000 as of December 31, 2023. As of both dates, the investment was valued using the net asset value practical expedient. The scope of the NAV practical expedient is limited to investments without readily determinable fair values in entities that calculate NAV per share consistently with the measurement principles of ASC 946, Financial Services — Investment Companies. Both criteria were present at March 31, 2024, and December 31, 2023.
Transfers of financial assets	Transfers of financial assets
Bank Owned Life Insurance (BOLI)	Bank Owned Life Insurance (BOLI)
Other real estate owned	Other real estate owned no 3,000,000
Fair value measurements	Fair value measurements Level 1 Level 2 Level 3 The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.
Escrow accounts	Escrow accounts
Financial Instruments with off-balance-sheet risk	Financial Instruments with off-balance-sheet risk Allowance for credit losses - off-balance sheet credit exposures
Advertising cost	Advertising cost
Employee Stock Ownership Plan (ESOP)	Employee Stock Ownership Plan (ESOP) – The Bank sponsors an internally leveraged ESOP. The cost of shares issued to the ESOP but not yet released is shown as unearned ESOP shares, an element of stockholders’ equity in our consolidated balance sheets. As shares are committed to be released, compensation expense is recorded equal to the market price of the shares, and the shares become outstanding for purposes of earnings per share calculations. To the extent that the fair value of ESOP shares committed differs from the cost of such shares, the difference is charged or credited to additional paid-in capital in stockholders’ equity. Cash dividends on unallocated ESOP shares may be used to make payments on the ESOP loan and may be allocated to participant accounts in proportion to their account balances. Cash dividends paid on allocated shares are recorded as a reduction of retained earnings and, at the direction of the employer may be: a) credited directly to participant accounts in proportion to their account balances, or b) distributed directly to participants (outside the plan) in proportion to their account balances, or c) used to make payments on the ESOP loan requiring the release of shares with at least a similar fair market value be allocated to participant accounts. In addition, participants have the right to receive an immediate distribution of their vested cash dividends paid on shares of common stock credited to their accounts.
Other stock-based compensation	Other stock-based compensation – The Company has stock-based compensation plans which provide for the award of various benefits to directors and employees, including restricted stock and options to purchase stock. Each restricted stock award is separated into vesting tranches and compensation expense is recognized based on the fair value at the date of grant for each tranche on a straight-line basis over the vesting period reduced for estimated forfeitures. Cash dividends on unvested restricted shares are charged to compensation expense. The fair value of stock option awards granted is estimated using the Black-Scholes-Merton option pricing model using inputs including the option exercise price and risk-free rate of return, and assumptions for expected dividend yield, expected stock price volatility and the expected life of the awards. The closing market price of the Company’s stock on the date of grant is the exercise price for the stock options and the estimated fair value of the restricted stock awards. Expense is recognized over the required service period, defined as the vesting period. For awards with graded vesting, expense is recognized on a straight-line basis over the requisite service period for the entire award. The Company’s accounting policy is to recognize expense net of actual forfeitures.
Employee retention credit	Employee retention credit 254,000
Income taxes	Income taxes
Comprehensive income (loss)	Comprehensive income (loss)
Earnings per common share	Earnings per common share
Recent Accounting Guidance That Has Not Yet Been Adopted	Recent Accounting Guidance That Has Not Yet Been Adopted In December 2023, the Financial Accounting Standards Board issued a final standard on improvements to income tax disclosures. The standard requires, among other things, disaggregated information regarding effective tax rate reconciliation components, as well as information on income taxes paid. This standard, Accounting Standards Update No. 2023-9, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”, applies to all entities subject to income taxes. For public business entities, the new requirements will be effective for annual periods beginning after December 15, 2024. The guidance will be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted.

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table includes the: (i) total consideration paid on March 19, 2024, in connection with the Merger; (ii) fair values of the assets acquired; (iii) fair values of the liabilities assumed; and (iv) resulting preliminary bargain purchase gain (in thousands). Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (in thousands) As Recorded Estimated Estimated Fair Value of the common stock consideration $ 23,310 Identifiable assets acquired: Cash and cash equivalents $ 30,927 $ — $ 30,927 Debt securities available for sale, at fair value 57,844 376 58,220 Loans Purchased performing 300,080 (15,357 ) 284,723 Purchased credit deteriorated 30,425 (4,262 ) 26,163 Allowance for credit losses on loans (3,855 ) 3,855 — Deferred loan fees (1,033 ) 1,033 — Deferred tax on assets acquired — 1,233 1,233 Operating right-of-use assets 2,866 — 2,866 Core deposit intangibles — 8,930 8,930 Other assets 6,284 (20 ) 6,264 Total identifiable assets acquired $ 423,538 $ (4,212 ) $ 419,326 Identifiable liabilities assumed: Deposits 346,995 (252 ) 346,743 Short-term borrowings 35,000 — 35,000 Long-term borrowings 5,155 (1,012 ) 4,143 Deferred taxes on liabilities assumed — 253 253 Other liabilities 4,661 80 4,741 Total identifiable liabilities assumed $ 391,811 $ (931 ) $ 390,880 Net identifiable assets acquired $ 31,727 $ (3,281 ) $ 28,446 Preliminary bargain purchase gain $ (5,136 )
Schedule of Purchased Credit Deteriorated Loans	As of the Merger date and as described above, the PCD Loans included the following components (in thousands): Schedule of Purchased Credit Deteriorated Loans Unpaid principal balance $ 30,425 Allowance for credit losses at acquisition (1,164 ) Non-credit discount (3,098 ) Purchase price $ 26,163
Business Combination Pro Forma Information	Business Combination Pro Forma Information Pro Forma Three months ended March 31, (in thousands, except per share data) 2024 2023 Total revenues (net interest income and non-interest income) $ 6,769 $ 8,464 Net (loss) income $ (589 ) $ 1,245 (Loss) earnings per share - basic $ (0.09 ) $ 0.20 (Loss) earnings per share - diluted $ (0.09 ) $ 0.20

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Available-for-sale and held-to-maturity securities	Available-for-sale and held-to-maturity securities have been classified in the consolidated balance sheets according to management’s intent on March 31, 2024, and December 31, 2023. The amortized cost of such securities and their approximate fair values were as follows (dollars in thousands): Schedule of Available-for-sale and held-to-maturity securities Available-for-sale March 31, 2024 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Mortgage-backed securities $ 74,530 $ 236 $ (5,003 ) $ 69,763 U.S. Treasuries 3,066 — (296 ) 2,770 U.S. government agencies 8,571 28 (14 ) 8,585 Municipal obligations 22,902 — (2,650 ) 20,252 Corporate debt 1,000 — (144 ) 856 Total $ 110,069 $ 264 $ (8,107 ) $ 102,226 Held-to-maturity March 31, 2024 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Corporate debt $ 5,791 $ — $ (556 ) $ 5,235 Total $ 5,791 $ — $ (556 ) $ 5,235 Allowance for Credit Losses $ (146 ) Net Carrying Value of Held-to-maturity securities $ 5,645 Available-for-sale December 31, 2023 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Mortgage-backed securities $ 36,829 $ — $ (4,362 ) $ 32,467 U.S. Treasuries 3,069 — (277 ) 2,792 U.S. government agencies 287 — (17 ) 270 Municipal obligations 22,921 — (2,593 ) 20,328 Corporate debt 1,000 — (167 ) 833 Total $ 64,106 $ — $ (7,416 ) $ 56,690 Held-to-maturity December 31, 2023 Gross Gross Gross Estimated Amortized Unrealized Unrealized Fair (Dollars in thousands) Cost Gains Losses Value Corporate debt $ 5,799 $ — $ (692 ) $ 5,107 Total $ 5,799 $ — $ (692 ) $ 5,107 Allowance for Credit Losses $ (115 ) Net Carrying Value of Held-to-maturity securities $ 5,684
Schedule of Securities with unrealized losses	Securities with unrealized losses on March 31, 2024, and December 31, 2023, that have not been recognized in income are as follows (dollars in thousands): Schedule of Securities with unrealized losses Continued Unrealized Continued Unrealized Total Description of securities Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale, March 31, 2024 Mortgage-backed securities $ 11,953 $ (88 ) $ 29,014 $ (4,915 ) $ 40,967 $ (5,003 ) U.S. Treasuries — — 2,770 (296 ) 2,770 (296 ) U.S. government agencies 454 (1 ) 246 (13 ) 700 (14 ) Municipal obligations — — 20,251 (2,650 ) 20,251 (2,650 ) Corporate debt — — 856 (144 ) 856 (144 ) Total temporarily impaired $ 12,407 $ (89 ) $ 53,137 $ (8,018 ) $ 65,544 $ (8,107 ) Held to Maturity March 31, 2024 Corporate debt $ — $ — $ 5,235 $ (556 ) $ 5,235 $ (556 ) Total temporarily impaired $ — $ — $ 5,235 $ (556 ) $ 5,235 $ (556 ) Continued Unrealized Continued Unrealized Total Description of securities Fair Unrealized Fair Unrealized Fair Unrealized Available-for-sale, December 31, 2023 Mortgage-backed securities $ — $ — $ 30,462 $ (4,362 ) $ 30,462 $ (4,362 ) U.S. Treasuries — — 2,792 (277 ) 2,792 (277 ) U.S. government agencies — — 270 (17 ) 270 (17 ) Municipal obligations — — 20,328 (2,593 ) 20,328 (2,593 ) Corporate debt — — 833 (167 ) 833 (167 ) Total temporarily impaired $ — $ — $ 54,685 $ (7,416 ) $ 54,685 $ (7,416 ) Held to Maturity December 31, 2023 Corporate debt $ 904 $ (96 ) $ 4,203 $ (596 ) $ 5,107 $ (692 ) Total temporarily impaired $ 904 $ (96 ) $ 4,203 $ (596 ) $ 5,107 $ (692 )
Schedule of Information regarding Sale of Debt Securities Available-for-Sale	Certain information concerning the sale of debt securities available-for-sale for the three months ended March 31, 2024, and 2023, was as follows (dollars in thousands): Schedule of Information regarding Sale of Debt Securities Available-for-Sale 3/31/2024 3/31/2023 Proceeds from sale $ 7,471 $ — Gross realized gains $ — $ — Gross realized losses $ — $ —
Schedule of Amortized Cost and Fair Value of Investment Securities	As of March 31, 2024, the amortized cost and estimated fair value of the debt securities portfolio are shown by contractual maturity dates (dollars in thousands). Schedule of Amortized Cost and Fair Value of Investment Securities Amortized Fair Average Available-for-sale Due in one year or less $ 1,380 $ 1,369 2.68 % Due from one to five years 12,180 11,107 2.11 % Due from five to ten years 21,979 19,987 3.10 % Due after ten years — — — Mortgage-backed securities 74,530 69,763 3.63 % Total $ 110,069 $ 102,226 3.34 % Amortized Fair Average Held-to-maturity Due in one year or less $ — $ — — Due from one to five years — — — Due from five to ten years 5,791 5,235 4.30 % Due after ten years — — — Total $ 5,791 $ 5,235 4.30 %
Schedule of Allowance for Credit Losses for Securities Held-To-Maturity	Schedule of Allowance for Credit Losses for Securities Held-To-Maturity For the three months ended March 31, 2024 Corporate Bonds Allowance for credit losses: Beginning balance $ 115 Provision for credit losses 31 Securities charged -off (recoveries) — Total ending allowance balance 146

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of Company's Loan	The following presents a summary of the Company’s loans at amortized cost as of the dates noted (dollars in thousands): Schedule of Company's Loan March 31, December 31, 2024 2023 1-4 Family residential real estate $ 72,355 $ 61,645 Commercial 127,957 50,169 Consumer and other 872 698 Construction 56,410 34,538 Non-Owner Occupied (NOO) CRE 262,623 167,203 Owner Occupied (OO) CRE 159,376 82,228 Multifamily 70,714 60,546 Loans held for investment 750,307 457,027 Less: allowance for credit losses (10,675 ) (5,860 ) Loans, net $ 739,632 $ 451,167
Schedule of Allowance for Credit Losses	Allocation of a portion of the allowance for credit losses to one category of loans does not preclude its availability to absorb losses in other categories. The following table presents the activity in the allowance for credit losses by portfolio segment for the three months ended March 31, 2024, and March 31, 2023, (dollars in thousands): Schedule of Allowance for Credit Losses 1–4 Family NOO OO Residential Consumer Commercial Commercial Real Estate Commercial and Other Construction Real Estate Real Estate Multifamily Total Changes in allowance for credit losses for the three months ended March 31, 2024 Beginning balance $ 736 $ 924 $ 8 $ 512 $ 1,859 $ 1,201 $ 620 $ 5,860 Acquisition of CBOA Financial PCD Loans 34 777 1 258 83 11 — 1,164 Provision (credit) for loan losses 126 1,409 1 64 1,165 941 146 3,852 Loans charged off — (208 ) — — — — — (208 ) Recoveries 2 5 — — — — 7 Balance on March 31, 2024 $ 898 $ 2,907 $ 10 $ 834 $ 3,107 $ 2,153 $ 766 $ 10,675 1–4 Family NOO OO Residential Consumer Commercial Commercial Real Estate Commercial and Other Construction Real Estate Real Estate Multifamily Total Changes in allowance for loan losses for the three months ended March 31, 2023 Beginning balance $ 454 $ 1,382 $ 56 $ 222 $ 1,680 $ 555 $ 429 $ 4,778 Impact of adopting of ASU 2016-13 (33 ) (307 ) (50 ) 441 271 142 140 604 Provision (credit) for loan losses — — — — — — — — Loans charged off — — — — — — — — Recoveries 1 — — — — — — 1 Balance on March 31, 2023 $ 422 $ 1,075 $ 6 $ 663 $ 1,951 $ 697 $ 569 $ 5,383
Schedule of Loan Category and Aging Analysis of Loans	The following table presents the aging of the recorded investment in contractually past due loans, as of March 31, 2024, and December 31, 2023. It is shown by class of loans (dollars in thousands): Schedule of Loan Category and Aging Analysis of Loans Loans Contractually Past Due March 31, 2024 30–59 60–89 Over 90 Total Loans Not Total 1-4 Family residential real estate $ 259 $ — $ — $ 259 $ 72,096 $ 72,355 Commercial 2,813 885 350 4,048 123,909 127,957 Consumer and other — — — — 872 872 Construction — — — — 56,410 56,410 NOO CRE — — — — 262,623 262,623 OO CRE — — — — 159,376 159,376 Multifamily 337 — — 337 70,377 70,714 Total $ 3,409 $ 885 $ 350 $ 4,644 $ 745,663 $ 750,307 Loans Contractually Past Due December 31, 2023 30–59 60–89 Over 90 Total Loans Not Total 1-4 Family residential real estate $ 409 $ — $ — $ 409 $ 61,236 $ 61,645 Commercial — — 589 589 49,580 50,169 Consumer and other — — — — 698 698 Construction — — — — 34,538 34,538 NOO CRE — — — — 167,203 167,203 OO CRE — — — — 82,228 82,228 Multifamily — — — — 60,546 60,546 Total $ 409 $ — $ 589 $ 998 $ 456,029 $ 457,027
Schedule of loan category and loan by risk categories	Schedule of loan category and loan by risk categories Term Loans Amortized Cost by Origination Revolving Revolving Loans Loans Amortized Converted March 31, 2024 2024 2023 2022 2021 2020 Prior Cost Basis to Term Total 1-4 Family Pass $ 1,517 $ 5,870 $ 27,070 $ 12,402 $ 7,842 $ 13,501 $ 3,738 $ — $ 71,940 Special Mention — — — — — 350 — — 350 Substandard — — — — — 65 — — 65 Doubtful — — — — — — — — — Total 1-4 Familly 1,517 5,870 27,070 12,402 7,842 13,916 3,738 — 72,355 Current year-to-date gross write-offs — — — — — — — — — Commercial Pass 708 35,204 31,210 10,140 3,546 4,501 35,597 — 120,907 Special Mention — — 147 — 1,944 88 101 — 2,280 Substandard — 571 2,365 491 653 97 341 — 4,518 Doubtful — — — — 252 — — — 252 Total Commercial 708 35,775 33,722 10,631 6,395 4,686 36,039 — 127,957 Current year-to-date gross write-offs — — — — 208 — — — 208 Consumer and other Pass — — 129 — 3 40 700 — 872 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Consumer and Other — — 129 — 3 40 700 — 872 Current year-to-date gross write-offs — — — — — — — — — Construction Pass 1,855 15,914 26,371 6,439 723 2,318 18 — 53,639 Special Mention — 1,681 — — — — — — 1,681 Substandard — — — — — 1,090 — — 1,090 Doubtful — — — — — — — — — Total Construction 1,855 17,595 26,371 6,439 723 3,408 18 — 56,410 Current year-to-date gross write-offs — — — — — — — — — NOO CRE Pass 587 34,328 52,822 72,306 32,988 63,014 6,206 — 262,252 Special Mention — — — — — — — — — Substandard — — — — — 371 — — 371 Doubtful — — — — — — — — — Total NOO CRE 587 34,328 52,822 72,306 32,988 63,385 6,206 — 262,623 Current year-to-date gross write-offs — — — — — — — — — OO CRE Pass 879 37,994 30,487 38,286 12,414 28,899 199 — 149,158 Special Mention — 226 — 7,099 — 1,676 — — 9,001 Substandard — — — — 37 1,180 — — 1,217 Doubtful — — — — — — — — — Total OO CRE 879 38,220 30,487 45,385 12,451 31,755 199 — 159,376 Current year-to-date gross write-offs — — — — — — — — — Multi Family Pass — 500 19,853 24,811 6,478 16,238 860 — 68,739 Special Mention — — — — 1,023 — — — 1,023 Substandard — — — 952 — — — — 952 Doubtful — — — — — — — — — Total Multi Family — 500 19,853 25,763 7,501 16,238 860 — 70,714 Current year-to-date gross write-offs — — — — — — — — — Total $ 5,547 $ 132,289 $ 190,455 $ 172,925 $ 67,903 $ 133,428 $ 47,760 $ — $ 750,307 Total year-to-date gross write-offs $ — $ — $ — $ — $ 208 $ — $ — $ — $ 208 Term Loans Amortized Cost by Origination December 31, 2023 2023 2022 2021 2020 2019 Prior Revolving Revolving Total 1-4 Family Pass $ 4,244 $ 24,009 $ 12,236 $ 7,928 $ 1,466 $ 9,622 $ 1,717 $ — $ 61,222 Special Mention — — — — — 357 — — 357 Substandard — — — — — 67 — — 67 Doubtful — — — — — — — — — Total 1-4 Family 4,244 24,009 12,236 7,928 1,466 10,045 1,717 — 61,645 Current year-to-date gross write-offs — — — — — — — — — Commercial Pass 13,150 15,405 3,234 3,176 87 1,546 10,139 779 46,737 Special Mention — 163 — 2,018 — — — — 2,181 Substandard — — — 903 96 — — — 999 Doubtful — — — — 252 — — — 252 Total Commercial 13,150 15,568 3,234 6,097 435 1,546 10,139 779 50,169 Current year-to-date gross write-offs — — — — 321 — — — 321 Consumer and other Pass 43 138 — 5 10 3 499 — 698 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Consumer and Other 43 138 — 5 10 3 499 — 698 Current year-to-date gross write-offs — — — — — — — — — Construction Pass 7,788 21,551 3,938 38 310 592 321 — 34,538 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total Construction 7,788 21,551 3,938 38 310 592 321 — 34,538 Current year-to-date gross write-offs — — — — — — — — — NOO CRE Pass 7,187 35,899 52,241 21,091 13,491 30,911 6,140 — 166,960 Special Mention — — — — — — — — — Substandard — — — 243 — — — — 243 Doubtful — — — — — — — — — Total NOO CRE 7,187 35,899 52,241 21,334 13,491 30,911 6,140 — 167,203 Current year-to-date gross write-offs 3,382 — — — — — — — 3,382 OO CRE Pass 20,726 12,365 20,807 7,966 5,806 4,214 — — 71,884 Special Mention 228 — 7,196 — — 1,690 — — 9,114 Substandard — — — 37 1,193 — — — 1,230 Doubtful — — — — — — — — — Total OO CRE 20,954 12,365 28,003 8,003 6,999 5,904 — — 82,228 Current year-to-date gross write-offs — — — — — — — — — Multi Family Pass 500 15,652 22,007 7,572 6,369 7,105 371 — 59,575 Special Mention — — — — — — — — — Substandard — — 970 — — — — — 970 Doubtful — — — — — — — — — Total Multi Family 500 15,652 22,977 7,572 6,369 7,105 371 — 60,546 Current year-to-date gross write-offs — — — — — — — — — Total $ 53,866 $ 125,182 $ 122,629 $ 50,977 $ 29,080 $ 56,106 $ 19,187 $ 779 $ 457,027 Current year-to-date gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — $ —
Schedule of Nonaccrual Loans	Schedule of Nonaccrual Loans As of March 31, 2024 Non-accrual loans Total non-accrual Loans past due 1-4 Family residential real estate $ 65 $ 65 $ — Commercial 1,412 2,046 — Consumer and other — — — Construction — — — NOO CRE 371 371 — OO CRE — — — Multifamily 953 953 — Total $ 2,801 $ 3,435 $ — As of December 31, 2023 Non-accrual loans Total non-accrual Loans past due 1-4 Family residential real estate $ 66 $ 66 $ — Commercial 847 1,208 — Consumer and other — — — Construction — — — NOO CRE — — — OO CRE — — — Multifamily 970 970 — Total $ 1,883 $ 2,244 $ —
Schedule of Collateral Dependent Loans	Schedule of Collateral Dependent Loans As of March 31, 2024 Secured by Secured by Total 1-4 Family residential real estate $ 65 $ — $ 65 Commercial — 2,046 2,046 Consumer and other — — — Construction — — — NOO CRE 371 — 371 OO CRE — — — Multifamily 953 — 953 Total $ 1,389 $ 2,046 $ 3,435

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Premises and equipment	Components of premises and equipment, net included in the consolidated balance sheets were as follows (dollars in thousands): Schedule of Premises and equipment March 31, December 31, 2024 2023 Land and improvements $ 3,316 $ 1,806 Buildings and improvements 12,578 12,482 Furniture and equipment 3,622 1,953 Total cost 19,516 16,241 Accumulated depreciation and amortization (10,641 ) (8,891 ) Net book value $ 8,875 $ 7,350

TIME DEPOSITS (Tables)

TIME DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2024
Time Deposits
Schedule of Maturities of Time Deposits	Following are maturities of time deposits at March 31, 2024, and December 31, 2023, (dollars in thousands): Schedule of Maturities of Time Deposits March 31, December 31, Maturity 2024 2023 One year or less $ 178,632 $ 93,675 Over one through three years 31,817 30,390 Over three through five years 4,676 4,338 Totals $ 215,125 $ 128,403

BORROWINGS (Tables)

BORROWINGS (Tables)	3 Months Ended
	Mar. 31, 2024
Borrowings
Schedule of maturities of outstanding borrowings	The following are maturities of outstanding borrowings as of March 31, 2024, (dollars in thousands): Schedule of maturities of outstanding borrowings Maturity One year or less $ 49,000 Over one through three years 0 Over three through five years 0 Over five through ten years 23,500 Over ten years 5,000 Totals $ 77,500

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, All Other Investments [Abstract]
Schedule of Financial Instruments with Off-Balance-Sheet Risk	Contractual or notional amounts of financial instruments representing off-balance-sheet credit risk are as follows as of the dates indicated (dollars in thousands): Schedule of Financial Instruments with Off-Balance-Sheet Risk March 31, December 31, 2024 2023 Fixed Variable Fixed Variable Commitments to extend credit $ 15,981 $ 17,032 $ 5,327 $ 6,966 Unused lines of credit 3,673 49,483 3,962 18,859 Totals $ 19,654 $ 66,515 $ 9,289 $ 25,825
Schedule of Credit Losses on Off-Balance Sheet Credit	Allowance for Credit Losses on Off-Balance Sheet Credit Exposures Schedule of Credit Losses on Off-Balance Sheet Credit For the three months Beginning Balance: $ 135,000 Impact of merger with CBOA Financial, Inc. 222,000 (Release) provision for credit losses 33,000 Ending Balance $ 390,000

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Lease Information	The following presents the classification of the right-of-use assets and corresponding liabilities as of the dates presented (dollars in thousands): Schedule of Lease Information March 31, December 31, 2024 2023 Lease right-of-use assets Operating lease right-of-use assets $ 4,599 $ 1,819 Lease Liabilities Operating lease liabilities $ 5,202 $ 2,011
Schedule of Future Undiscounted Operating Lease Payments	Approximate future minimum rental commitments under noncancelable leases as of March 31, 2024, are (dollars in thousands): Schedule of Future Undiscounted Operating Lease Payments 2024 $ 657 2025 902 2026 851 2027 740 2028 621 2029 652 2030 640 2031 119 2032 20 Operating lease liabilities (present value of minimum lease payments) $ 5,202 Weighted-average remaining term (in years) 5.9 Weighted-average discount rate 2.83 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Rate Reconciliation	Income tax (benefit) expense calculated at the statutory federal income tax rate of 21% for the first quarter of 2024 and 2023, differs from actual income tax (benefit) expense as follows: Schedule of Income Tax Rate Reconciliation Three months ended March 31, 2024 2023 (in thousands) Income tax at statutory federal tax rate $ (744 ) $ 126 State income taxes, net of federal tax benefit (140 ) 26 Non-taxable preliminary bargain purchase gain on the Merger (1,281 ) — Non-deductible merger costs, including success based-fees 174 — Other income tax items, net (12 ) 6 Totals $ (2,003 ) $ 158

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2024
Regulatory Matters
Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company	The Bank’s actual and required capital amounts and ratios are as follows (dollars in thousands): Schedule of actual capital amounts and ratios as well as minimum amounts for each regulatory defined category for the bank and the company Actual Minimum Required Minimum Required Amount Ratio Amount Ratio Amount Ratio March 31, 2024 Total Capital to risk-weighted assets: $ 96,253 11.66 % $ 66,040 8 % $ 82,550 10 % Tier 1 (Core) Capital to risk weighted assets: $ 85,913 10.40 % $ 49,565 6 % $ 66,087 8 % Common Tier 1 Capital to risk $ 85,913 10.40 % $ 37,174 4.50 % $ 53,696 6.50 % Tier 1 (Core) Capital to average assets: $ 85,913 8.78 % $ 39,140 4 % $ 48,295 5 % Actual Minimum Required Minimum Required Amount Ratio Amount Ratio Amount Ratio December 31, 2023 Total Capital to risk-weighted assets: $ 74,142 14.79 % $ 40,114 8 % $ 50,143 10 % Tier 1 (Core) Capital to risk weighted assets: $ 68,032 13.57 % $ 30,086 6 % $ 40,114 8 % Common Tier 1 Capital to risk $ 68,032 13.57 % $ 22,564 4.50 % $ 32,593 6.50 % Tier 1 (Core) Capital to average assets: $ 68,032 11.66 % $ 23,347 4 % $ 29,184 5 %

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Bank periodically enters into transactions with its executive officers, directors, significant stockholders, and their affiliates (related parties). Transactions with such related parties included (dollars in thousands): Schedule of Related Party Transactions March 31, 2024 December 31, 2023 Fees and bonuses paid to directors during the period $ 69 $ 65 Deposits from related parties held by the bank at the end of period 2,047 2,607

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
A summary of stock option activity for the first three months of 2024 is presented below (Aggregate Intrinsic Value in thousands):	A summary of stock option activity for the first three months of 2024 is presented below (Aggregate Intrinsic Value in thousands): Shares Weighted- Weighted- Aggregate Outstanding at beginning of year 137,500 $ 13.86 2.1 years — Granted — — — — Exercised — — — — Forfeited or expired (25,000 ) 14.90 0.7 years — Outstanding on March 31, 2024 112,500 $ 13.63 2.2 years $ — Exercisable on March 31, 2024 86,500 $ 14.07 1.4 years $ —
Schedule of Non-Vested Restricted Stock Activity	A summary of restricted stock activity for the three months ended March 31, 2024, is presented below: Schedule of Non-Vested Restricted Stock Activity Shares Weighted- Average Non-vested on January 1, 2024 13,400 $ 12.97 3.9 years Granted — — — Vested (900 ) 14.97 2.8 years Forfeited — — — Non-vested on March 31, 2024 12,500 $ 12.82 3.6 years
Schedule of Unrecognized Equity-Based Expense under 2017 Equity Incentive Plan	Schedule of Unrecognized Equity-Based Expense under 2017 Equity Incentive Plan Year 2024 $ 48 2025 61 2026 49 2027 29 2028 7 Totals $ 194

FAIR VALUE INFORMATION (Tables)

FAIR VALUE INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities measured at Fair Value	The following table presents information about assets and liabilities measured at fair value on a recurring and non-recurring basis and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair values (dollars in thousands): Schedule of Assets and Liabilities measured at Fair Value March 31, 2024 Quoted Prices Significant Significant Fair Value Recurring: Assets: Securities available-for-sale: Mortgage-backed securities $ — $ 69,763 $ — $ 69,763 U.S. Treasuries — 2,770 — 2,770 U.S. Government Agencies — 8,585 — 8,585 Municipal obligations — 20,252 — 20,252 Corporate debt — 856 — 856 Total available-for-sale: $ — $ 102,226 $ — $ 102,226 Nonrecurring basis: Collateral Dependent Loans $ — $ — $ 1,193 $ 1,193 December 31, 2023 Quoted Prices Significant Significant Fair Value Recurring: Assets: Securities available-for-sale: Mortgage-backed securities $ — $ 32,467 $ — $ 32,467 U.S. Treasuries — 2,792 — 2,792 U.S. Government Agencies — 270 — 270 Municipal obligations — 20,328 — 20,328 Corporate debt — 833 — 833 Total available-for-sale: $ — $ 56,690 $ — $ 56,690 Nonrecurring basis: Collateral dependent loans $ — $ — $ 1,071 $ 1,071 Other Real Estate Owned $ — $ — $ 3,000 $ 3,000
Fair Value Measurement Inputs and Valuation Techniques	The following table presents the significant unobservable inputs used in the fair value measurements for Level 3 financial assets measured on a non-recurring basis (dollars in thousands): Fair Value Measurement Inputs and Valuation Techniques Collateral Dependent Loans Fair Value Valuation Valuation Model Unobservable Input Commercial 1,193 Appraisal Receivables Discount/Liquidation Discount 0 50 Total collateral dependent loans $ 1,193 Collateral Dependent Loans Fair Value Valuation Valuation Model Unobservable Input Commercial 1,071 Appraisal Receivables Discount/Liquidation Discount 0 50 Total collateral dependent loans $ 1,071 Other Assets Other Real Estate Owned $ 3,000 Appraisal Appraisal Discount/Estimated Selling Costs 23 %
Schedule of Fair Value of Financial Instruments	The estimated fair values of the Company’s consolidated financial instruments on the dates noted are as follows (dollars in thousands): Schedule of Fair Value of Financial Instruments March 31, December 31, 2024 2023 Financial assets Fair Value Carrying Fair Carrying Fair Cash and due from banks Level 1 $ 66,234 $ 66,234 $ 27,182 $ 27,182 Federal funds sold Level 2 6,510 6,510 1,715 1,715 Securities available-for-sale Level 2 102,226 102,226 56,690 56,690 Securities held-to-maturity Level 2 5,645 5,235 5,684 5,107 Loans held for investment Level 3 750,307 730,156 457,027 437,878 Other investments Level 2 6,097 6,097 4,063 4,063 Accrued interest receivable Level 1 2,961 2,961 1,597 1,597 Financial liabilities Nonmaturity Deposits Level 1 $ (591,281 ) $ (591,281 ) $ (331,596 ) $ (331,596 ) Time deposits Level 2 (215,125 ) (214,408 ) (128,403 ) (128,108 ) FRB and FHLB advances Level 2 (49,000 ) (49,000 ) (29,000 ) (29,000 ) Subordinated debentures Level 3 (23,108 ) (19,383 ) (24,595 ) (20,421 ) Accrued interest payable Level 1 (1,337 ) (1,337 ) (521 ) (521 )

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings per share:
Schedule of Earning Per Share	Schedule of Earning Per Share Three Months Ended March 31, (dollars in thousands, except for earnings per common share amounts) 2024 2023 Net (loss) income $ (1,539 ) $ 444 Less: convertible preferred stock dividends — (57 ) Less: earnings allocated to participating securities 4 (1 ) Net income allocated to common shareholders $ (1,535 ) $ 386 Basic weighted average common shares outstanding - Voting 4,127 3,473 Basic weighted average common shares outstanding - Non-Voting 820 — Diluted weighted average common shares outstanding - Voting 4,127 3,478 Diluted weighted average common shares outstanding - Non-Voting 820 — Basic earnings per common share - Voting $ (0.31 ) $ 0.11 Basic earnings per common share - Non-Voting $ (0.31 ) — Diluted earnings per common share - Voting $ (0.31 ) $ 0.11 Diluted earnings per common share - Non-Voting $ (0.31 ) —

REAL ESTATE OWNED (Tables)

REAL ESTATE OWNED (Tables)	3 Months Ended
	Mar. 31, 2024
Real Estate Owned
Schedule of Other Real Estate Owned	Real estate owned activity was as follows (dollars in thousands): Schedule of Other Real Estate Owned Three months ended Three months ended Beginning balance $ 3,000 $ — Foreclosures and additions — — Loss on sale (432 ) — Sales (2,568 ) — Ending balance $ — $ —

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Investment in Federal Home Loan Bank Stock, Fair Value Disclosure	$ 4,948,000	$ 3,254,000
Other Real Estate	0	$ 3,000,000	$ 0	$ 0
Deferred Income	$ 254,000
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years

Business Combination (Details)

Business Combination (Details) $ in Thousands	Mar. 19, 2024 USD ($)
Identifiable assets acquired:
Allowance for credit losses on loans	$ (1,164)
As Recorded By C B O A [Member]
Identifiable assets acquired:
Cash and cash equivalents	30,927
Debt securities available for sale, at fair value	57,844
Purchased performing	300,080
Purchased credit deteriorated	30,425
Allowance for credit losses on loans	(3,855)
Deferred loan fees	(1,033)
Deferred tax on assets acquired
Operating right-of-use assets	2,866
Core deposit intangibles
Other assets	6,284
Total identifiable assets acquired	423,538
Identifiable liabilities assumed:
Deposits	346,995
Short-term borrowings	35,000
Long-term borrowings	5,155
Deferred taxes on liabilities assumed
Other liabilities	4,661
Total identifiable liabilities assumed	391,811
Net identifiable assets acquired	31,727
Estimated Fair Value Adjustments [Member]
Identifiable assets acquired:
Cash and cash equivalents
Debt securities available for sale, at fair value	376
Purchased performing	(15,357)
Purchased credit deteriorated	(4,262)
Allowance for credit losses on loans	3,855
Deferred loan fees	1,033
Deferred tax on assets acquired	1,233
Operating right-of-use assets
Core deposit intangibles	8,930
Other assets	(20)
Total identifiable assets acquired	(4,212)
Identifiable liabilities assumed:
Deposits	(252)
Short-term borrowings
Long-term borrowings	(1,012)
Deferred taxes on liabilities assumed	253
Other liabilities	80
Total identifiable liabilities assumed	(931)
Net identifiable assets acquired	(3,281)
Estimated Fair Value As Recorded By Bancorp 34 [Member]
Business Acquisition [Line Items]
Fair Value of the common stock consideration	23,310
Identifiable assets acquired:
Cash and cash equivalents	30,927
Debt securities available for sale, at fair value	58,220
Purchased performing	284,723
Purchased credit deteriorated	26,163
Allowance for credit losses on loans
Deferred loan fees
Deferred tax on assets acquired	1,233
Operating right-of-use assets	2,866
Core deposit intangibles	8,930
Other assets	6,264
Total identifiable assets acquired	419,326
Identifiable liabilities assumed:
Deposits	346,743
Short-term borrowings	35,000
Long-term borrowings	4,143
Deferred taxes on liabilities assumed	253
Other liabilities	4,741
Total identifiable liabilities assumed	390,880
Net identifiable assets acquired	28,446
Preliminary bargain purchase gain	$ (5,136)

Business Combination (Details 2

Business Combination (Details 2) $ in Thousands	Mar. 19, 2024 USD ($)
Business Acquisition [Line Items]
Allowance for credit losses at acquisition	$ (1,164)
Non-credit discount	(3,098)
As Recorded By C B O A [Member]
Business Acquisition [Line Items]
Purchased credit deteriorated	30,425
Allowance for credit losses at acquisition	(3,855)
Estimated Fair Value As Recorded By Bancorp 34 [Member]
Business Acquisition [Line Items]
Purchased credit deteriorated	26,163
Allowance for credit losses at acquisition

Business Combination (Details 3

Business Combination (Details 3) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Acquisition, Pro Forma Revenue	$ 6,769	$ 8,464
Business Acquisition, Pro Forma Net Income (Loss)	$ (589)	$ 1,245
Business Acquisition, Pro Forma Earnings Per Share, Basic	$ (0.09)	$ 0.20
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ (0.09)	$ 0.20

SECURITIES (Details)

SECURITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	$ 110,069	$ 64,106
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	264
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(8,107)	(7,416)
Debt Securities, Available-for-Sale	102,226	56,690
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	5,791	5,799
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Gain
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss	(556)	(692)
Debt Securities, Held-to-Maturity, Fair Value	5,235	5,107
Debt Securities, Held-to-Maturity, Allowance for Credit Loss, Excluding Accrued Interest, Current	(146)	(115)
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, after Allowance for Credit Loss, Current	5,645	5,684
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	74,530	36,829
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	236
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(5,003)	(4,362)
Debt Securities, Available-for-Sale	69,763	32,467
US Treasury Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	3,066	3,069
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(296)	(277)
Debt Securities, Available-for-Sale	2,770	2,792
US Government-sponsored Enterprises Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	8,571	287
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	28
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(14)	(17)
Debt Securities, Available-for-Sale	8,585	270
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	22,902	22,921
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(2,650)	(2,593)
Debt Securities, Available-for-Sale	20,252	20,328
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	1,000	1,000
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Loss, before Tax	(144)	(167)
Debt Securities, Available-for-Sale	$ 856	833
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss		5,799
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Gain
Debt Securities, Held-to-Maturity, Accumulated Unrecognized Loss		(692)
Debt Securities, Held-to-Maturity, Fair Value		$ 5,107

SECURITIES (Details 2)

SECURITIES (Details 2) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 12,407
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(89)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	53,137	54,685
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(8,018)	(7,416)
Debt Securities, Available-for-Sale, Unrealized Loss Position	65,544	54,685
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(8,107)	(7,416)
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value		904
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		(96)
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	5,235	4,203
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(556)	(596)
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value	5,235	5,107
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss	(556)	(692)
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	11,953
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(88)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	29,014	30,462
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(4,915)	(4,362)
Debt Securities, Available-for-Sale, Unrealized Loss Position	40,967	30,462
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(5,003)	(4,362)
US Treasury Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	2,770	2,792
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(296)	(277)
Debt Securities, Available-for-Sale, Unrealized Loss Position	2,770	2,792
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(296)	(277)
US Government-sponsored Enterprises Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	454
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(1)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	246	270
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(13)	(17)
Debt Securities, Available-for-Sale, Unrealized Loss Position	700	270
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(14)	(17)
US States and Political Subdivisions Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	20,251	20,328
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(2,650)	(2,593)
Debt Securities, Available-for-Sale, Unrealized Loss Position	20,251	20,328
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(2,650)	(2,593)
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer	856	833
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(144)	(167)
Debt Securities, Available-for-Sale, Unrealized Loss Position	856	833
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(144)	(167)
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, Less than 12 Months, Fair Value		904
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss		(96)
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Fair Value	5,235	4,203
Debt Securities, Held-to-Maturity, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss	(556)	(596)
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Fair Value	5,235	5,107
Debt Securities, Held-to-Maturity, Unrealized Loss Position, Accumulated Loss	$ (556)	$ (692)

SECURITIES (Details 3)

SECURITIES (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale	$ 7,471
Gross realized gains
Gross realized losses

SECURITIES (Details 4)

SECURITIES (Details 4) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost	$ 1,380
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	$ 1,369
Debt Securities, Available-for-Sale, Maturity, Rolling within One Year, Weighted Average Yield	2.68%
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Amortized Cost	$ 12,180
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after One Through Five Years, Fair Value	$ 11,107
Debt Securities, Available-for-Sale, Maturity, Rolling after One Through Five Years, Weighted Average Yield	2.11%
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after 5 through 10 Years, Amortized Cost	$ 21,979
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after 5 through 10 Years, Fair Value	$ 19,987
Debt Securities, Available-for-Sale, Maturity, Rolling after 5 through 10 Years, Weighted Average Yield	3.10%
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Amortized Cost
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling after 10 Years, Fair Value
Debt Securities, Available-for-Sale, Maturity, Rolling after 10 Years, Weighted Average Yield
Debt Securities, Available-for-Sale, Amortized Cost	$ 110,069	$ 64,106
Debt Securities, Available-for-Sale	$ 102,226	56,690
Debt Securities, Available-for-Sale, Weighted Average Yield	3.34%
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, Year One
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, Year One
Debt Securities, Held-to-Maturity, Maturity, Rolling within One Year, Weighted Average Yield
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year One through Five
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five
Debt Securities, Held-to-Maturity, Maturity, Rolling after One Through Five Years, Weighted Average Yield
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 5 through 10	$ 5,791
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10	$ 5,235
Debt Securities, Held-to-Maturity, Maturity, Rolling after 5 through 10 Years, Weighted Average Yield	4.30%
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Maturity, Allocated and Single Maturity Date, after Year 10
Debt Securities, Held-to-Maturity, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10
Debt Securities, Held-to-Maturity, Maturity, Rolling after 10 Years, Weighted Average Yield
Debt Securities, Held-to-Maturity, Amortized Cost, before Allowance for Credit Loss	$ 5,791	5,799
Debt Securities, Held-to-Maturity, Fair Value	$ 5,235	5,107
Debt Securities, Held-to-Maturity, Weighted Average Yield	4.30%
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Marketable Securities [Line Items]
Debt Securities, Available-for-Sale, Amortized Cost	$ 74,530	36,829
Debt Securities, Available-for-Sale	$ 69,763	$ 32,467
Debt Securities, Available-for-Sale, Weighted Average Yield	3.63%

SECURITIES (Details 5)

SECURITIES (Details 5) - Corporate Debt Securities [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Marketable Securities [Line Items]
Beginning balance	$ 115
Provision for credit losses	31
Securities charged -off (recoveries)
Total ending allowance balance	$ 146

SECURITIES (Details Narrative)

SECURITIES (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Securities Held as Collateral, at Fair Value	$ 62,016,000	$ 43,070,000

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Past Due [Line Items]
Multifamily	$ 750,307	$ 457,027
Loans held for investment	750,307	457,027
Less: allowance for credit losses	(10,675)	(5,860)	$ (5,383)	$ (4,778)
Loans, net	739,632	451,167
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Multifamily	72,355	61,645
Less: allowance for credit losses	(898)	(736)	(422)	(454)
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	127,957	50,169
Less: allowance for credit losses	(2,907)	(924)	(1,075)	(1,382)
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	872	698
Less: allowance for credit losses	(10)	(8)	(6)	(56)
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	56,410	34,538
Less: allowance for credit losses	(834)	(512)	(663)	(222)
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	262,623	167,203
Less: allowance for credit losses	(3,107)	(1,859)	(1,951)	(1,680)
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	159,376	82,228
Less: allowance for credit losses	(2,153)	(1,201)	(697)	(555)
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Multifamily	70,714	60,546
Less: allowance for credit losses	$ (766)	$ (620)	$ (569)	$ (429)

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Past Due [Line Items]
Beginning balance	$ 5,860	$ 4,778
Acquisition of CBOA Financial PCD Loans	1,164
Provision (credit) for loan losses	3,852
Loans charged off	(208)
Recoveries	7	1
Balance on March 31, 2023	10,675	5,383
Impact of adopting of ASU 2016-13		604
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Beginning balance	736	454
Acquisition of CBOA Financial PCD Loans	34
Provision (credit) for loan losses	126
Loans charged off
Recoveries	2	1
Balance on March 31, 2023	898	422
Impact of adopting of ASU 2016-13		(33)
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	924	1,382
Acquisition of CBOA Financial PCD Loans	777
Provision (credit) for loan losses	1,409
Loans charged off	(208)
Recoveries	5
Balance on March 31, 2023	2,907	1,075
Impact of adopting of ASU 2016-13		(307)
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	8	56
Acquisition of CBOA Financial PCD Loans	1
Provision (credit) for loan losses	1
Loans charged off
Recoveries
Balance on March 31, 2023	10	6
Impact of adopting of ASU 2016-13		(50)
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	512	222
Acquisition of CBOA Financial PCD Loans	258
Provision (credit) for loan losses	64
Loans charged off
Recoveries
Balance on March 31, 2023	834	663
Impact of adopting of ASU 2016-13		441
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	1,859	1,680
Acquisition of CBOA Financial PCD Loans	83
Provision (credit) for loan losses	1,165
Loans charged off
Recoveries
Balance on March 31, 2023	3,107	1,951
Impact of adopting of ASU 2016-13		271
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	1,201	555
Acquisition of CBOA Financial PCD Loans	11
Provision (credit) for loan losses	941
Loans charged off
Recoveries
Balance on March 31, 2023	2,153	697
Impact of adopting of ASU 2016-13		142
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Beginning balance	620	429
Acquisition of CBOA Financial PCD Loans
Provision (credit) for loan losses	146
Loans charged off
Recoveries
Balance on March 31, 2023	$ 766	569
Impact of adopting of ASU 2016-13		$ 140

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details 3) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total	$ 750,307	$ 457,027
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	72,355	61,645
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	127,957	50,169
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	872	698
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total	56,410	34,538
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	262,623	167,203
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	159,376	82,228
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	70,714	60,546
Financial Asset, 30 to 59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	3,409	409
Financial Asset, 30 to 59 Days Past Due [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	259	409
Financial Asset, 30 to 59 Days Past Due [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,813
Financial Asset, 30 to 59 Days Past Due [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 30 to 59 Days Past Due [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 30 to 59 Days Past Due [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 30 to 59 Days Past Due [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 30 to 59 Days Past Due [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	337
Financial Asset, 60 to 89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	885
Financial Asset, 60 to 89 Days Past Due [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 60 to 89 Days Past Due [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	885
Financial Asset, 60 to 89 Days Past Due [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 60 to 89 Days Past Due [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 60 to 89 Days Past Due [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 60 to 89 Days Past Due [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, 60 to 89 Days Past Due [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	350	589
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	350	589
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Equal to or Greater than 90 Days Past Due [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	4,644	998
Financial Asset, Past Due [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	259	409
Financial Asset, Past Due [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	4,048	589
Financial Asset, Past Due [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Past Due [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Past Due [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Past Due [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Financial Asset, Past Due [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	337
Financial Asset, Not Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	745,663	456,029
Financial Asset, Not Past Due [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	72,096	61,236
Financial Asset, Not Past Due [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	123,909	49,580
Financial Asset, Not Past Due [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	872	698
Financial Asset, Not Past Due [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total	56,410	34,538
Financial Asset, Not Past Due [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	262,623	167,203
Financial Asset, Not Past Due [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	159,376	82,228
Financial Asset, Not Past Due [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	$ 70,377	$ 60,546

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details 4) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	$ 5,547		$ 53,866
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	132,289		125,182
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	190,455		122,629
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	172,925		50,977
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	67,903		29,080
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	133,428		56,106
Financing Receivable, Excluding Accrued Interest, Revolving	47,760		19,187
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan			779
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	750,307		457,027
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	208
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff	208
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,517		4,244
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	5,870		24,009
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	27,070		12,236
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	12,402		7,928
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	7,842		1,466
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	13,916		10,045
Financing Receivable, Excluding Accrued Interest, Revolving	3,738		1,717
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	72,355		61,645
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff
1-4 Family residential real estate | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,517		4,244
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	5,870		24,009
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	27,070		12,236
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	12,402		7,928
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	7,842		1,466
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	13,501		9,622
Financing Receivable, Excluding Accrued Interest, Revolving	3,738		1,717
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	71,940		61,222
1-4 Family residential real estate | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	350		357
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	350		357
1-4 Family residential real estate | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	65		67
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	65		67
1-4 Family residential real estate | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	708		13,150
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	35,775		15,568
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	33,722		3,234
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	10,631		6,097
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,395		435
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	4,686		1,546
Financing Receivable, Excluding Accrued Interest, Revolving	36,039		10,139
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan			779
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	127,957		50,169
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	208		321
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff	208		321
Commercial Loan [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	708		13,150
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	35,204		15,405
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	31,210		3,234
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	10,140		3,176
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3,546		87
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	4,501		1,546
Financing Receivable, Excluding Accrued Interest, Revolving	35,597		10,139
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan			779
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	120,907		46,737
Commercial Loan [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year			163
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	147
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year			2,018
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1,944
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	88
Financing Receivable, Excluding Accrued Interest, Revolving	101
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	2,280		2,181
Commercial Loan [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	571
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	2,365
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	491		903
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	653		96
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	97
Financing Receivable, Excluding Accrued Interest, Revolving	341
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	4,518		999
Commercial Loan [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	252		252
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	252		252
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year			43
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year			138
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	129
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year			5
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3		10
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	40		3
Financing Receivable, Excluding Accrued Interest, Revolving	700		499
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	872		698
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff
Consumer Loan [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year			43
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year			138
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	129
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year			5
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	3		10
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	40		3
Financing Receivable, Excluding Accrued Interest, Revolving	700		499
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	872		698
Consumer Loan [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Consumer Loan [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Consumer Loan [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,855		7,788
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	17,595		21,551
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	26,371		3,938
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,439		38
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	723		310
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	3,408		592
Financing Receivable, Excluding Accrued Interest, Revolving	18		321
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	56,410		34,538
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff
Construction Loans [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	1,855		7,788
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	15,914		21,551
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	26,371		3,938
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	6,439		38
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	723		310
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	2,318		592
Financing Receivable, Excluding Accrued Interest, Revolving	18		321
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	53,639		34,538
Construction Loans [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	1,681
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,681
Construction Loans [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,090
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,090
Construction Loans [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	587		7,187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	34,328		35,899
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	52,822		52,241
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	72,306		21,334
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	32,988		13,491
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	63,385		30,911
Financing Receivable, Excluding Accrued Interest, Revolving	6,206		6,140
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	262,623		167,203
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff			3,382
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff			3,382
Non Owner Occupied (NOO) CRE [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	587		7,187
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	34,328		35,899
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	52,822		52,241
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	72,306		21,091
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	32,988		13,491
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	63,014		30,911
Financing Receivable, Excluding Accrued Interest, Revolving	6,206		6,140
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	262,252		166,960
Non Owner Occupied (NOO) CRE [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Non Owner Occupied (NOO) CRE [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year			243
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	371
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	371		243
Non Owner Occupied (NOO) CRE [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	879		20,954
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	38,220		12,365
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	30,487		28,003
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	45,385		8,003
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	12,451		6,999
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	31,755		5,904
Financing Receivable, Excluding Accrued Interest, Revolving	199
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	159,376		82,228
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff
Owner Occupied (OO) CRE [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year	879		20,726
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	37,994		12,365
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	30,487		20,807
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	38,286		7,966
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	12,414		5,806
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	28,899		4,214
Financing Receivable, Excluding Accrued Interest, Revolving	199
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	149,158		71,884
Owner Occupied (OO) CRE [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year			228
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	226
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year			7,196
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	7,099
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,676		1,690
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	9,001		9,114
Owner Occupied (OO) CRE [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year			37
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	37		1,193
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	1,180
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,217		1,230
Owner Occupied (OO) CRE [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year			500
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	500		15,652
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	19,853		22,977
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	25,763		7,572
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	7,501		6,369
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	16,238		7,105
Financing Receivable, Excluding Accrued Interest, Revolving	860		371
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	70,714		60,546
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Writeoff
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan, Writeoff
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Writeoff
Multifamily [Member] | Pass [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year			500
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year	500		15,652
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year	19,853		22,007
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	24,811		7,572
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	6,478		6,369
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year	16,238		7,105
Financing Receivable, Excluding Accrued Interest, Revolving	860		371
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	68,739		59,575
Multifamily [Member] | Special Mention [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year	1,023
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	1,023
Multifamily [Member] | Substandard [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year			970
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year	952
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss	952		970
Multifamily [Member] | Doubtful [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Excluding Accrued Interest, Year One, Originated, Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Two, Originated, Fiscal Year before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Three, Originated, Two Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Four, Originated, Three Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Year Five, Originated, Four Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Originated, More than Five Years before Current Fiscal Year
Financing Receivable, Excluding Accrued Interest, Revolving
Financing Receivable, Excluding Accrued Interest, Revolving, Converted to Term Loan
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details 5) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	$ 2,801	$ 1,883
Financing Receivable, Nonaccrual	3,435	2,244
Financing Receivable, 90 Days or More Past Due, Still Accruing
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	65	66
Financing Receivable, Nonaccrual	65	66
Financing Receivable, 90 Days or More Past Due, Still Accruing
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	1,412	847
Financing Receivable, Nonaccrual	2,046	1,208
Financing Receivable, 90 Days or More Past Due, Still Accruing
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance
Financing Receivable, Nonaccrual
Financing Receivable, 90 Days or More Past Due, Still Accruing
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance
Financing Receivable, Nonaccrual
Financing Receivable, 90 Days or More Past Due, Still Accruing
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	371
Financing Receivable, Nonaccrual	371
Financing Receivable, 90 Days or More Past Due, Still Accruing
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance
Financing Receivable, Nonaccrual
Financing Receivable, 90 Days or More Past Due, Still Accruing
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable, Nonaccrual, No Allowance	953	970
Financing Receivable, Nonaccrual	953	970
Financing Receivable, 90 Days or More Past Due, Still Accruing

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details 6) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Total	$ 3,435	$ 2,244
1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	65	66
Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,046	1,208
Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	371
Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	953	$ 970
Secured Debt [Member]
Financing Receivable, Past Due [Line Items]
Total	3,435
Secured Debt [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	65
Secured Debt [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,046
Secured Debt [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	371
Secured Debt [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	953
Secured Debt [Member] | Real Estate Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	1,389
Secured Debt [Member] | Real Estate Loan [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total	65
Secured Debt [Member] | Real Estate Loan [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Real Estate Loan [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Real Estate Loan [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Real Estate Loan [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total	371
Secured Debt [Member] | Real Estate Loan [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Real Estate Loan [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total	953
Secured Debt [Member] | Other Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,046
Secured Debt [Member] | Other Loan [Member] | 1-4 Family residential real estate
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Other Loan [Member] | Commercial Loan [Member]
Financing Receivable, Past Due [Line Items]
Total	2,046
Secured Debt [Member] | Other Loan [Member] | Consumer Loan [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Other Loan [Member] | Construction Loans [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Other Loan [Member] | Non Owner Occupied (NOO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Other Loan [Member] | Owner Occupied (OO) CRE [Member]
Financing Receivable, Past Due [Line Items]
Total
Secured Debt [Member] | Other Loan [Member] | Multifamily [Member]
Financing Receivable, Past Due [Line Items]
Total

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Interest Receivable	$ 2,700	$ 1,300

PREMISES AND EQUIPMENT, NET (De

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Total cost	$ 19,516	$ 16,241
Accumulated depreciation and amortization	(10,641)	(8,891)
Net book value	8,875	7,350
Land [Member]
Property, Plant and Equipment [Line Items]
Total cost	3,316	1,806
Building [Member]
Property, Plant and Equipment [Line Items]
Total cost	12,578	12,482
Equipment [Member]
Property, Plant and Equipment [Line Items]
Total cost	$ 3,622	$ 1,953

PREMISES AND EQUIPMENT, NET (_2

PREMISES AND EQUIPMENT, NET (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation, Depletion and Amortization	$ 189,000	$ 133,000

TIME DEPOSITS (Details)

TIME DEPOSITS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Time Deposits
One year or less	$ 178,632	$ 93,675
Over one through three years	31,817	30,390
Over three through five years	4,676	4,338
Totals	$ 215,125	$ 128,403

TIME DEPOSITS (Details Narrativ

TIME DEPOSITS (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Time Deposits
Time Deposits In Excess Of $250000	$ 76,900,000	$ 43,900,000
Time Deposits In Excess Of $250000 with maturity within one year	58,100,000	27,500,000
Interest-Bearing Domestic Deposit, Brokered	$ 8,082,000	$ 19,531,000

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Borrowings
One year or less	$ 49,000
Over one through three years	0
Over three through five years	0
Over five through ten years	23,500
Over ten years	5,000
Totals	$ 77,500

BORROWINGS (Details Narrative)

BORROWINGS (Details Narrative) - USD ($)	Jun. 29, 2021	Mar. 31, 2024	Dec. 31, 2023
Short-Term Debt [Line Items]
Proceeds from Issuance of Private Placement	$ 25,000,000
Subordinated Debt [Member]
Short-Term Debt [Line Items]
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums		$ 392,000
Unsecured Debt [Member]
Short-Term Debt [Line Items]
Long-Term Line of Credit		52,800,000	$ 39,800,000
Federal Home Loan Bank of San Francisco [Member]
Short-Term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		144,800,000
Federal Reserve Bank Advances [Member]
Short-Term Debt [Line Items]
Debt Instrument, Collateral Amount		52,100,000
Federal Reserve Bank Advances [Member] | Federal Reserve Bank Of San Francisco [Member]
Short-Term Debt [Line Items]
Line of Credit Facility, Current Borrowing Capacity		$ 16,000,000

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fixed [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commitments to extend credit	$ 15,981	$ 5,327
Unused lines of credit	3,673	3,962
Totals	19,654	9,289
Variable [Member]
Trading Activity, Gains and Losses, Net [Line Items]
Commitments to extend credit	17,032	6,966
Unused lines of credit	49,483	18,859
Totals	$ 66,515	$ 25,825

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK (Details 2) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Investments, All Other Investments [Abstract]
Beginning Balance:	$ 135,000
Impact of merger with CBOA Financial, Inc.	222,000
(Release) provision for credit losses	33,000
Ending Balance	$ 390,000

FINANCIAL INSTRUMENTS WITH OF_5

FINANCIAL INSTRUMENTS WITH OFF BALANCE SHEET RISK (Details Narrative)	Mar. 31, 2024 USD ($)
Standby Letters of Credit [Member]
Financial Support for Nonconsolidated Legal Entity [Line Items]
Long-Term Line of Credit	$ 75,000

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease right-of-use assets	$ 4,599	$ 1,819
Operating lease liabilities	$ 5,202	$ 2,011

LEASES (Details 2)

LEASES (Details 2) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2024	$ 657
2025	902
2026	851
2027	740
2028	621
2029	652
2030	640
2031	119
2032	20
Operating lease liabilities (present value of minimum lease payments)	$ 5,202
Operating Lease, Weighted Average Remaining Lease Term	5 years 10 months 24 days
Lessee, Operating Lease, Discount Rate	2.83%

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases [Abstract]
Operating Lease, Expense	$ 166,000	$ 85,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax at statutory federal tax rate	$ (744)	$ 126
State income taxes, net of federal tax benefit	(140)	26
Non-taxable preliminary bargain purchase gain on the Merger	(1,281)
Non-deductible merger costs, including success based-fees	174
Other income tax items, net	(12)	6
Totals	$ (2,003)	$ 158

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Regulatory Matters
Banking Regulation, Tier 1 Risk-Based Capital, Actual	$ 96,253	$ 74,142
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Actual	0.1166	0.1479
Banking Regulation, Tier 1 Risk-Based Capital, Capital Adequacy, Minimum	$ 66,040	$ 40,114
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.08	0.08
Banking Regulation, Tier 1 Risk-Based Capital, Well Capitalized, Minimum	$ 82,550	$ 50,143
Banking Regulation, Tier 1 Risk-Based Capital Ratio, Well Capitalized, Minimum	0.10	0.10
Banking Regulation, Total Capital, Actual	$ 85,913	$ 68,032
Banking Regulation, Total Risk-Based Capital Ratio, Actual	0.1040	0.1357
Banking Regulation, Total Risk-Based Capital, Capital Adequacy, Minimum	$ 49,565	$ 30,086
Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum	0.06	0.06
Banking Regulation, Total Risk-Based Capital, Well Capitalized, Minimum	$ 66,087	$ 40,114
Banking Regulation, Total Risk-Based Capital Ratio, Well Capitalized, Minimum	0.08	0.08
Banking Regulation, Tier 1 Leverage Capital, Actual	$ 85,913	$ 68,032
Banking Regulation, Tier 1 Leverage Capital Ratio, Actual	0.1040	0.1357
Banking Regulation, Tier 1 Leverage Capital, Capital Adequacy, Minimum	$ 37,174	$ 22,564
Banking Regulation, Tier 1 Leverage Capital Ratio, Capital Adequacy, Minimum	0.0450	0.0450
Banking Regulation, Tier 1 Leverage Capital, Well Capitalized, Minimum	$ 53,696	$ 32,593
Banking Regulation, Tier 1 Leverage Capital Ratio, Well Capitalized, Minimum	0.0650	0.0650
Common Equity Tier Required to be Categorized Adequately Capitalized Amount	$ 85,913	$ 68,032
Common Equity Tier Required to be Categorized Adequately Capitalized Ratio as percent	0.0878	0.1166
Common Equity Tier Actual Amount	$ 39,140	$ 23,347
Common Equity Tier 1 Actual Ratio as percent	0.04	0.04
Common Equity Tier Required to be Categorized Well Capitalized Amount	$ 48,295	$ 29,184
Common Equity Tier Required to be Categorized Well Capitalized Ratio as percent	0.05	0.05

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Deposits from related parties held by the bank at the end of period	$ 2,047	$ 2,607
Director [Member]
Related Party Transaction [Line Items]
Fees and bonuses paid to directors during the period	$ 69	$ 65

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - Equity Option [Member] - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Offsetting Assets [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Beginning Balance	137,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 13.86
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	2 years 2 months 12 days	2 years 1 month 6 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period, Intrinsic Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period	(25,000)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 14.90
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeited or Expired, Weighted Average Remaining Contractual Term	8 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Intrinsic Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance	112,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 13.63
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	86,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 14.07
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	1 year 4 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value

STOCK BASED COMPENSATION (Det_2

STOCK BASED COMPENSATION (Details 2) - Restricted Stock [Member] - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Beginning Balance	13,400
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Beginning Balance	$ 12.97
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	3 years 7 months 6 days	3 years 10 months 24 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period	(900)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value	$ 14.97
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested, Weighted Average Remaining Contractual Terms	9 years 9 months 18 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeited in Period
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance	12,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance	$ 12.82

STOCK BASED COMPENSATION (Det_3

STOCK BASED COMPENSATION (Details 3) - Equity Incentive Plan 2017 [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
2024	$ 48
2025	61
2026	49
2027	29
2028	7
Totals	$ 194

STOCK BASED COMPENSATION (Det_4

STOCK BASED COMPENSATION (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 25, 2022	Nov. 17, 2017
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Noncash Expense	$ 30,000	$ 31,000
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee Benefits and Share-Based Compensation	134,000
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee Benefits and Share-Based Compensation	60,000
Equity Incentive Plan 2017 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized				263,127
Employee Benefits and Share-Based Compensation	$ 194,000
Equity Incentive Plan 2017 [Member] | Employee Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized				75,179
Equity Incentive Plan 2017 [Member] | Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized				187,948
Equity Incentive Plan 2022 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			252,340
Equity Incentive Plan 2022 [Member] | Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			168,227
Equity Incentive Plan 2022 [Member] | Employee Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized			84,113

Fair Value Information (Details

Fair Value Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	$ 102,226	$ 56,690
Collateral dependent loans	3,435	2,244
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	102,226	56,690
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	69,763	32,467
US Treasury Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	2,770	2,792
US Government-sponsored Enterprises Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	8,585	270
US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	20,252	20,328
Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	856	833
Fair Value, Recurring [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	102,226	56,690
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	102,226	56,690
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	69,763	32,467
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	69,763	32,467
Fair Value, Recurring [Member] | Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	2,770	2,792
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	2,770	2,792
Fair Value, Recurring [Member] | US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	8,585	270
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	8,585	270
Fair Value, Recurring [Member] | US Government-sponsored Enterprises Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	20,252	20,328
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	20,252	20,328
Fair Value, Recurring [Member] | US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	856	833
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:	856	833
Fair Value, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total available-for-sale:
Fair Value, Nonrecurring [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	1,193	1,071
Other Real Estate Owned		3,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans
Other Real Estate Owned
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans
Other Real Estate Owned
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	$ 1,193	1,071
Other Real Estate Owned		$ 3,000

Fair Value Information (Detai_2

Fair Value Information (Details 2) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing Receivable, Individually Evaluated for Credit Loss	$ 1,193	$ 1,071
Commercial Loan [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing Receivable, Individually Evaluated for Credit Loss	$ 1,193	$ 1,071
Commercial Loan [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate	0%	0%
Commercial Loan [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate	50%	50%
Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Financing Receivable, Individually Evaluated for Credit Loss		$ 3,000
Servicing Assets and Servicing Liabilities at Fair Value, Assumptions Used to Estimate Fair Value, Discount Rate		23%

Fair Value Information (Detai_3

Fair Value Information (Details 3) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	$ 66,234	$ 27,182
Federal funds sold	72,744	28,897
Available-for-sale securities, at fair value	102,226	56,690
Securities held-to-maturity	5,645	5,684
Loans held for investment	739,632	451,167
Other investments	6,097	4,063
Accrued interest receivable	2,961	1,597
Time deposits	(215,125)	(128,403)
Subordinated debentures	(23,108)	(24,595)
Accrued interest payable	(9,845)	(4,771)
Reported Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	66,234	27,182
Federal funds sold	6,510	1,715
Available-for-sale securities, at fair value	102,226	56,690
Securities held-to-maturity	5,645	5,684
Loans held for investment	750,307	457,027
Other investments	6,097	4,063
Accrued interest receivable	2,961	1,597
Nonmaturity Deposits	(591,281)	(331,596)
Time deposits	(215,125)	(128,403)
FRB and FHLB advances	(49,000)	(29,000)
Subordinated debentures	(23,108)	(24,595)
Accrued interest payable	(1,337)	(521)
Estimate of Fair Value Measurement [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and due from banks	66,234	27,182
Federal funds sold	6,510	1,715
Available-for-sale securities, at fair value	102,226	56,690
Securities held-to-maturity	5,235	5,107
Loans held for investment	730,156	437,878
Other investments	6,097	4,063
Accrued interest receivable	2,961	1,597
Nonmaturity Deposits	(591,281)	(331,596)
Time deposits	(214,408)	(128,108)
FRB and FHLB advances	(49,000)	(29,000)
Subordinated debentures	(19,383)	(20,421)
Accrued interest payable	$ (1,337)	$ (521)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (1,539)	$ 444
Basic earnings per common share - Non-Voting	$ (0.31)	$ 0.11
Diluted earnings per common share - Non-Voting	$ (0.31)	$ 0.11
Voting Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net (loss) income	$ (1,539)	$ 444
Less: convertible preferred stock dividends		(57)
Less: earnings allocated to participating securities	4	(1)
Net income allocated to common shareholders	$ (1,535)	$ 386
Basic weighted average common shares outstanding - Non-Voting	4,127,000	3,473,000
Diluted weighted average common shares outstanding - Non-Voting	4,127,000	3,478,000
Basic earnings per common share - Non-Voting	$ (0.31)	$ 0.11
Diluted earnings per common share - Non-Voting	$ (0.31)	$ 0.11
Nonvoting Common Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Basic weighted average common shares outstanding - Non-Voting	820,000
Diluted weighted average common shares outstanding - Non-Voting	820,000
Basic earnings per common share - Non-Voting	$ (0.31)
Diluted earnings per common share - Non-Voting	$ (0.31)

EARNINGS PER SHARE (Details Nar

EARNINGS PER SHARE (Details Narrative) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Equity Option [Member]
Offsetting Assets [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	112,500	118,820
Warrant [Member]
Offsetting Assets [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	211,667	211,667

Real Estate Owned (Details)

Real Estate Owned (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Real Estate Owned
Beginning balance	$ 3,000,000	$ 0
Foreclosures and additions
Loss on sale	(432,000)
Sales	(2,568,000)
Ending balance	$ 0	$ 0

PRIVATE PLACEMENT OF COMMON A_2

PRIVATE PLACEMENT OF COMMON AND PREFERRED STOCK (Details Narrative) - USD ($) $ in Thousands	2 Months Ended	3 Months Ended
	Jan. 31, 2023	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Jul. 19, 2023
Stock Issued During Period, Value, New Issues		$ 10,866
Common Stock, Shares Authorized			100,000,000	100,000,000
Nonvoting Common Stock [Member]
Common Stock, Shares Authorized			1,100,000	1,100,000	1,100,000
Common Stock [Member]
Stock Issued During Period, Shares, New Issues		848,089
Common Stock [Member] | Nonvoting Common Stock [Member]
Stock Issued During Period, Value, New Issues
Preferred Stock [Member]
Stock Issued During Period, Value, New Issues
Private Placement [Member]
Stock Issued During Period, Value, New Issues	$ 28,600
Private Placement [Member] | Common Stock [Member]
Stock Issued During Period, Shares, New Issues	1,359,497
Private Placement [Member] | Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues	820,115