Southern States Bancshares (SSBK) 10-K 18 Mar 22 2021 FY Annual report Financial data

COVER

COVER - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 17, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-40727
Entity Registrant Name	Southern States Bancshares, Inc.
Entity Incorporation, State or Country Code	AL
Entity Tax Identification Number	26-2518085
Entity Address, Address Line One	615 Quintard Ave.
Entity Address, City or Town	Anniston
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	36201
City Area Code	256
Local Phone Number	241-1092
Title of 12(b) Security	Common Stock, $5.00 par value
Trading Symbol	SSBK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	Yes
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		8,749,878
Documents Incorporated by Reference	Portions of the registrant's Definitive Proxy Statement for the 2022 Annual Meeting of Shareholders of Southern States Bancshares, Inc. to be held on May 18, 2022, are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such Definitive Proxy Statement will be filed with the SEC within 120 days after the end of the registrant's fiscal year ended December 31, 2021.
Entity Central Index Key	0001689731
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	Mauldin & Jenkins, LLC
Auditor Firm ID	669
Auditor Location	Birmingham, Alabama

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 6,397	$ 23,229
Interest-bearing deposits in banks	203,537	51,503
Federal funds sold	74,022	10,175
Total cash and cash equivalents	283,956	84,907
Securities available for sale, at fair value	132,172	114,001
Securities held to maturity, at amortized cost	19,672	0
Other equity securities, at fair value	9,232	5,017
Restricted equity securities, at cost	2,600	3,224
Loans held for sale	2,400	5,696
Loans, net of unearned income	1,250,300	1,030,115
Less allowance for loan losses	14,844	11,859
Loans, net	1,235,456	1,018,256
Premises and equipment, net	27,044	24,426
Accrued interest receivable	4,170	4,243
Bank owned life insurance	22,201	22,458
Annuities	12,888	12,903
Foreclosed assets	2,930	10,224
Goodwill	16,862	16,862
Core deposit intangible	1,500	1,764
Other assets	9,509	8,525
Total assets	1,782,592	1,332,506
Deposits:
Noninterest-bearing	541,546	290,867
Interest-bearing	1,014,905	848,794
Total deposits	1,556,451	1,139,661
Other borrowings	12,498	7,975
FHLB advances		30,900
Subordinated notes	0	4,493
Accrued interest payable	132	278
Other liabilities	10,363	8,543
Total liabilities	1,605,394	1,191,850
Stockholders' equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2021 and December 31, 2020	0	0
Common stock, $5 par value, 30,000,000 shares authorized; 9,012,857 and 7,678,195 shares issued and outstanding at December 31, 2021 and December 31, 2020, respectively	45,064	38,391
Capital surplus	80,640	65,327
Retained earnings	49,858	34,183
Accumulated other comprehensive income	2,113	3,194
Unvested restricted stock	(477)	(439)
Total stockholders' equity	177,198	140,656
Total liabilities and stockholders' equity	$ 1,782,592	$ 1,332,506

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	1,000,000	1,000,000
Preferred stock outstanding (in shares)	0	0
Preferred stock issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 5	$ 5
Common stock authorized (in shares)	30,000,000	30,000,000
Common stock outstanding (in shares)	9,012,857	7,678,195
Common stock issued (in shares)	9,012,857	7,678,195

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Loans, including fees	$ 54,709	$ 47,786
Taxable securities	1,593	1,317
Nontaxable securities	1,023	643
Other interest and dividends	452	539
Total interest income	57,777	50,285
Interest expense:
Deposits	4,310	7,854
Other borrowings	554	854
Total interest expense	4,864	8,708
Net interest income	52,913	41,577
Provision for loan losses	2,982	3,300
Net interest income after provision for loan losses	49,931	38,277
Noninterest income:
Service charges on deposit accounts	1,528	1,458
Swap fees	931	1,405
SBA/USDA fees	3,968	756
Mortgage origination fees	1,465	1,529
Net gain (loss) on securities	(57)	742
Other operating income	2,968	2,651
Total noninterest income	10,803	8,541
Noninterest expenses:
Salaries and employee benefits	21,667	18,765
Equipment and occupancy expenses	3,640	3,682
Data processing fees	2,128	1,836
Regulatory assessments	952	775
Other operating expenses	8,048	7,127
Total noninterest expenses	36,435	32,185
Income before income taxes	24,299	14,633
Income tax expense	5,732	2,526
Net income	$ 18,567	$ 12,107
Basic earnings per share (in dollars per share)	$ 2.26	$ 1.58
Dilutive earnings per share (in dollars per share)	$ 2.23	$ 1.56
Revenue, Product and Service [Extensible Enumeration]	Deposit Account [Member]	Deposit Account [Member]

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 18,567	$ 12,107
Other comprehensive income (loss):
Unrealized holding (losses) gains on securities available for sale arising during the period, net of benefit (tax) of $426 and ($1,122), respectively	(1,214)	3,478
Reclassification adjustment for losses (gains) on securities available for sale realized in net income, net of benefit (tax) of $47 and ($193), respectively	133	(549)
Other comprehensive income (loss)	(1,081)	2,929
Comprehensive income	$ 17,486	$ 15,036

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Unrealized holding gains on securities available for sale arising during the period, tax	$ 426	$ (1,122)
Reclassification adjustment for losses (gains) on securities available for sale realized in net income, benefit (tax)	$ 47	$ (193)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	IPO	Preferred Stock	Common Stock	Common StockIPO	Capital Surplus	Capital SurplusIPO	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unvested Restricted Stock
Beginning balance at Dec. 31, 2019	$ 126,637		$ 0	$ 38,254		$ 64,592		$ 23,918	$ 265	$ (392)
Beginning balance (in shares) at Dec. 31, 2019			0	7,650,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,107							12,107
Issuance of common stock (in shares)				3,822
Issuance of common stock	$ 76			$ 19		57
Exercise of common stock options (in shares)	1,000,000			1,000
Exercise of common stock options	$ 10			$ 5		5
Issuance of restricted stock (in shares)				22,869
Issuance of restricted stock	0			$ 114		328				(442)
Forfeiture of restricted stock (in shares)				(268)
Forfeiture of restricted stock	0			$ (1)		(4)				5
Stock-based compensation	739					349
Common stock dividends paid	(1,842)							(1,842)
Other comprehensive income (loss)	2,929								2,929
Ending balance (in shares) at Dec. 31, 2020			0	7,678,195
Ending balance at Dec. 31, 2020	140,656		$ 0	$ 38,391		65,327		34,183	3,194	(439)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,567							18,567
Issuance of common stock (in shares)				8,240	1,296,429
Issuance of common stock	165	$ 24,632		$ 41	$ 6,482	124	$ 18,150
Issuance of common stock - IPO cost	$ (3,674)					(3,674)
Exercise of common stock options (in shares)	10,000,000			5,008
Exercise of common stock options	$ 0			$ 25		(25)
Issuance of restricted stock (in shares)				24,985
Issuance of restricted stock	0			$ 125		376				$ (501)
Stock-based compensation	825					362
Common stock dividends paid	(2,892)							(2,892)
Other comprehensive income (loss)	(1,081)								(1,081)
Ending balance (in shares) at Dec. 31, 2021			0	9,012,857
Ending balance at Dec. 31, 2021	$ 177,198		$ 0	$ 45,064		$ 80,640		$ 49,858	$ 2,113

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income	$ 18,567	$ 12,107
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and software amortization	1,888	1,956
Net loss (gain) on securities	57	(742)
Net amortization of securities	957	605
Amortization of core deposit intangible	264	264
Provision for loan losses	2,982	3,300
Deferred income taxes	(973)	(1,587)
(Gain) loss on sale of foreclosed assets	207	(76)
Write-down of foreclosed assets	0	920
Loss on sale of premises, equipment and software	0	15
Stock-based compensation	825	739
Net decrease (increase) in loans held for sale	3,296	(3,118)
Income from bank owned life insurance	(497)	(528)
Decrease (increase) in interest receivable	73	(1,256)
Decrease in interest payable	(146)	(195)
Net other operating activities	2,203	(950)
Net cash provided by operating activities	29,703	11,454
INVESTING ACTIVITIES
Purchase of securities available for sale	(67,887)	(85,255)
Purchase of other equity securities	(9,000)	(5,007)
Proceeds from sale of securities available for sale	15,759	26,185
Proceeds from sale of other equity securities	4,995	0
Proceeds from maturities, calls, and paydowns of securities available for sale	11,601	9,111
Net redemption (purchase) of restricted equity securities	624	(1,213)
Net increase in loans	(220,282)	(199,324)
Proceeds from sale of foreclosed assets	7,187	1,554
Proceeds from bank owned life insurance	755	148
Proceeds from sale of premises, equipment and software	0	376
Purchase of premises, equipment and software	(4,507)	(6,648)
Net cash used in investing activities	(260,755)	(260,073)
FINANCING ACTIVITIES
Net increase in deposits	416,790	189,147
Net proceeds from issuance of common stock in connection with IPO	20,958	0
Proceeds from issuance of common stock	165	86
Net (repayment) proceeds of other borrowings	(4,920)	30,900
Net proceeds of note payable	4,500	0
Repayment of subordinated notes	(4,500)	0
Common stock dividends paid	(2,892)	(1,842)
Net cash provided by financing activities	430,101	218,291
Net increase (decrease) in cash and cash equivalents	199,049	(30,328)
Cash and cash equivalents at beginning of year	84,907	115,235
Cash and cash equivalents at end of year	283,956	84,907
Cash paid during the year for:
Interest	5,010	8,903
Income taxes	7,082	4,304
NONCASH TRANSACTIONS
Transfers of loans to foreclosed assets	100	10,300
Internally financed sales of foreclosed assets	0	4,356
Transfer of state and municipal available for sale securities to held to maturity securities	$ 19,684	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Southern States Bancshares, Inc. (the “Company”) is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiary, Southern States Bank (the “Bank”). The Bank is a commercial bank headquartered in Anniston, Calhoun County, Alabama. The Bank also operates branch offices in Birmingham, Opelika, Auburn, Huntsville, Sylacauga, Wedowee, Ranburne, Roanoke, Heflin, Alabama as well as Columbus, Carrollton, Dallas, and Newnan, Georgia. The Bank also has an LPO office located in Atlanta, Georgia. The Bank provides a full range of banking services in its primary market areas and the surrounding areas. Basis of Presentation and Accounting Estimates The audited consolidated financial statements include the accounts of the Company and its subsidiary. Significant intercompany transactions and balances have been eliminated in consolidation. In preparing the audited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of foreclosed assets, financial instruments, deferred taxes, and other-than-temporary impairment of securities . In connection with the determination of the estimated losses on loans and the valuation of foreclosed assets, management obtains independent appraisals for significant collateral. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. The Company’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its borrowers’ ability to honor their contracts is dependent on local economic conditions. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated. Cash, Cash Equivalents and Cash Flows For purposes of reporting cash flows, cash and cash equivalents includes cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold. Cash flows from loans held for sale, loans, restricted equity securities, and deposits are reported net. The Company maintains amounts due from banks which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Bank may be required to maintain reserve balances in cash or on deposit with a correspondent bank for the Federal Reserve Bank, based on a percentage of deposits. The total of those reserve balances was $0 at December 31, 2021 and December 31, 2020. Securities The Company classifies its securities into one of two categories based upon management’s intent and ability to hold the securities: (i) securities held to maturity or (ii) securities available for sale. Securities classified as held to maturity are stated at cost adjusted for amortization of premiums and accretion of discounts. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. The Company has the ability, and it is management’s intention, to hold such securities to maturity. Securities classified as available for sale are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities available for sale are recorded on the trade date and are determined using the specific identification method. The Company evaluates investment securities for other-than-temporary impairment (OTTI) using relevant accounting guidance on a regular basis. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer including an evaluation of credit ratings, (3) the impact of changes in market interest rates, (4) the intent of the Company to sell a security, and (5) whether it is more likely than not the Company will have to sell the security before recovery of its cost basis. If the Company intends to sell an impaired security, or if it is more likely than not the Company will have to sell the security before recovery of its cost basis, the Company records an other-than-temporary loss in an amount equal to the entire difference between fair value and amortized cost. Otherwise, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss is recognized in other comprehensive income (loss). Other Equity Securities The mutual funds owned by the Bank are classified as equity securities and are carried at fair value with any periodic changes in value recorded through the income statement. Restricted Equity Securities Restricted equity securities are investments that are restricted in marketability. The Company, as a member of the Federal Home Loan Bank (FHLB) system, is required to maintain an investment in capital stock of the FHLB based upon its assets or outstanding advances. The Company has also purchased stock in First National Banker’s Bankshares, Inc. (FNBB), and Pacific Coast Banker’s Bank (PCBB), both correspondent banks. These securities are carried at cost and periodically evaluated for impairment based on ultimate recoverability of par value. Loans Held For Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value (LOCOM). For loans carried at LOCOM, gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. The estimated fair value of loans held for sale is based on independent third party quoted prices. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal balances less deferred fees and costs on originated loans and the allowance for loan losses. Interest income is accrued on the outstanding principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield over the life of the loan, using the straight-line method without anticipating prepayments. The accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due, or at the time the loan is 90 days past due, unless the loan is well-secured and in the process of collection. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income or charged to the allowance; unless management believes that the accrual of interest is recoverable through the liquidation of collateral. Interest income on nonaccrual loans is recognized on the cash basis, until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and the loan has been performing according to the contractual terms generally for a period of not less than six months. Certain Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased impaired or purchased non-impaired. Purchased impaired loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. The purchased impaired loans acquired are subject to the Company’s internal and external credit review and monitoring. If credit deterioration is experienced subsequent to the initial acquisition fair value amount, such deterioration will be measured, and a provision for credit losses will be charged to earnings. Such purchased loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan, expected cash flows will continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Purchased impaired loans at the time of acquisition are accounted for under ASC 310-30. Purchased non-impaired loans are accounted for under ASC 310-20, with the difference between the fair value and unpaid principal balance of the loan at the acquisition date amortized or accreted to interest income over the estimated life of the loans. Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to expense. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Confirmed losses are charged off immediately. Subsequent recoveries, if any, are credited to the allowance. The allowance is an amount that management believes will be adequate to absorb estimated losses relating to specifically identified loans, as well as probable credit losses inherent in the balance of the loan portfolio. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of loans in light of historical experience, the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, current economic conditions that may affect the borrower’s ability to pay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. This evaluation does not include the effects of expected losses on specific loans or groups of loans that are related to future events or expected changes in economic conditions. Allowance for Loan Losses (Continued) The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows, collateral value, or observable market price of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical loss experience adjusted for qualitative factors. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when it is probable, based on current information and events, the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. Loans, for which the terms have been modified at the borrower’s request, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. Loans that experience insignificant payment delays and payment shortfalls are not generally classified as impaired. Impaired loans are measured by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Interest on accruing impaired loans is recognized as long as such loans do not meet the criteria for nonaccrual status. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. The Company’s allowance is allocated among commercial real estate loans, real estate construction and development loans, residential real estate loans, commercial and industrial loans, and consumer loans. The general allocations to these loan pools are based on the historical loss rates for specific loan types and the internal risk grade, if applicable, adjusted for both internal and external qualitative risk factors. The qualitative factors considered by management include, among other factors, (1) changes in local and national economic conditions; (2) changes in asset quality and foreclosure rates; (3) changes in loan portfolio volume; (4) the composition and concentrations of credit; (5) the impact of competition on loan structuring and pricing; (6) the experience and ability of lending personnel and management; (7) effectiveness of the Company’s loan policies, procedures and internal controls; (8) current conditions in the real estate and construction markets; (9) the effect of entrance into new markets or the offering of a new product; (10) the loan review system and oversight of the Board of Directors. The total allowance established for each homogeneous loan pool represents the product of the historical loss ratio adjusted for internal and external factors and the total dollar amount of the loans in the pool. Troubled Debt Restructurings A loan is considered a troubled debt restructuring (TDR) based on individual facts and circumstances. The Company designates loan modifications as TDRs when for economic or legal reasons related to the borrower’s financial difficulties, it grants a concession to the borrower that it would not otherwise consider. These concessions may include rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses. In determining whether a borrower is experiencing financial difficulties, the Company considers if the borrower is in payment default or would be in payment default in the foreseeable future without the modification, the borrower declared or is in the process of declaring bankruptcy, the borrower’s projected cash flows will not be sufficient to service any of its debt, or the borrower cannot obtain funds from sources other than the Company at a market rate for debt with similar risk characteristics. In determining whether the Company has granted a concession, the Company assesses, if it does not expect to collect all amounts due, whether the current value of the collateral will satisfy the amounts owed, whether additional collateral or guarantees from the borrower will serve as adequate compensation for other terms of the restructuring, and whether the borrower otherwise has access to funds at a market rate for debt with similar risk characteristics. Premises and Equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are reflected in income. The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Leases The Bank leases various premises and equipment. At the inception of the contract, the Bank determines if an arrangement is or contains a lease and will recognize on the balance sheet a lease asset for its right to use the underlying asset (“ROU”) and a lease liability for the corresponding lease obligation for contracts longer than a year. Both the asset and liability are initially measured at the present value of the future minimum lease payments over the lease term. In determining the present value of lease payments, the Bank uses our incremental borrowing rate as the discount rate for the leases. Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company - put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling costs. Any write-down to fair value at the time of transfer to foreclosed assets is charged to the allowance for loan losses. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Costs of improvements are capitalized, whereas costs related to holding foreclosed assets and subsequent write-downs to the value are expensed . Any gains and losses realized at the time of disposal are reflected in income. Goodwill Goodwill represents the excess of the amount paid over the fair value of the net assets at the date of acquisition. Goodwill is subject to an annual evaluation of impairment. If desired, the Company can assess qualitative factors to determine if comparing the carrying value of the reporting unit to its fair value is necessary. Should the fair value be less than the carrying value, an impairment write-down would be taken. Based on its assessment of qualitative factors, the Company determined that no impairment exists at December 31, 2021. Goodwill is not amortized but is evaluated for impairment on an annual basis or whenever an event occurs or circumstances change to indicate that it is more likely than not that an impairment loss has been incurred (i.e., a triggering event). The Company performed a goodwill impairment test in December 2021. The qualitative factors considered in determining if fair value of the unit was less than the carrying amount were economic conditions related to the COVID-19 virus and the change in the interest rate environment. A quantitative assessment of goodwill impairment included determining the estimated fair value of Company using a market-based approach. It was determined there was no impairment. Core Deposit Intangible A core deposit intangible is initially recognized based on a valuation of acquired deposits performed as of the acquisition date. The core deposit intangible is amortized over the average remaining life of the acquired customer deposits, or approximately 7 years. The intangible asset is reviewed annually for events or circumstances that could negatively impact the recoverability of the intangible. These events could include loss of core deposits, increased competition, or adverse changes in the economy. To the extent this intangible asset is deemed unrecoverable, an impairment charge would be recorded. The Company maintains steady deposit growth across our markets and continues to attract new customer deposits. The intangible asset was evaluated for impairment as of December 31, 2021 and based on that evaluation there was no impairment. Accounting Policy for Derivative Instruments and Hedging Activities FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance in ASU 2011-04, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Income Taxes Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Income Taxes (Continued) Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets may be reduced by deferred tax liabilities and a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Management believes that the Company will generate sufficient operating earnings to realize the deferred tax benefits. Stock Compensation Plans Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options and warrants, restricted stock plans, performance-based awards, share appreciation rights, and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the estimated market price of the Company’s common stock at the date of grant is used for restricted stock awards and stock grants. Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income. Fair Value of Financial Instruments Fair values of financial instruments are estimates using relevant market information and other assumptions, as more fully disclosed in Note 17. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Revenue Recognition On January 1, 2019, the Company adopted ASC 606 and all subsequent amendments (collectively ASC 606) which (1) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (2) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as foreclosed assets. The majority of the Company’s revenues come from interest income and other sources, including loans and securities that are outside the scope of ASC 606. With the exception of gains/losses on sale of foreclosed assets, the Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligations to the customer. Services within the scope of ASC 606 reported in noninterest income include service charges on deposit accounts, bank card services and interchange fees, and ATM fees. Recent Accounting Pronouncements In February 2016 the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842)” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and by disclosing key information about leasing arrangements. ASU 2016-02 requires organizations that lease assets (lessees) to recognize on the balance sheet the assets and liabilities for the rights and obligations created by the lease for all operating leases under current U.S. GAAP with a term of more than 12 months. The ASU is effective for non public business entities for fiscal years beginning after December 15, 2021. Early adoption is permitted. The ASU should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted ASU 2016-02 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In July 2018 the FASB issued ASU 2018-11, “Leases –Targeted Improvements” to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect not to separate lease and non-lease components when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2022 for the Company). The Company adopted ASU 2018-11 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In June 2016 the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The new guidance will apply to most financial assets measured at amortized cost and certain other instruments including loans, debt securities held to maturity, net investments in leases and off-balance sheet credit exposures. The guidance will replace the current incurred loss accounting model that delays recognition of a loss until it is probable a loss has been incurred with an expected loss model that reflects expected credit losses based upon a broader range of estimates including consideration of past events, current conditions and supportable forecasts. The guidance also eliminates the current accounting model for purchased credit impaired loans and debt securities, which will require re-measurement of the related allowance at each reporting period. The guidance includes enhanced disclosure requirements intended to help financial statement users better understand estimates and judgement used in estimating credit losses. As originally issued, ASU 2016-13 was effective for financial statements issued for fiscal years and for interim periods within those fiscal years beginning after December 15, 2020, with institutions required to apply the changes through a cumulative-effect adjustment to their retained earnings balance as of the beginning of the first reporting period in which the guidance is effective. On October 16, 2019, the FASB approved a delay in the implementation of ASU 2016-13 by two years for non pubic business entities and SEC filers that qualify as smaller reporting companies, including the Company. Management has been in the process of developing a revised model to calculate the allowance for loan and leases losses upon implementation of ASU 2016-13 in order to determine the impact on the Company’s consolidated

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options. For the Years Ended 2021 2020 Basic Earnings Per Share: Net Income $ 18,567 $ 12,107 Weighted average common shares outstanding 8,198,188 7,673,085 Basic earnings per share $ 2.26 $ 1.58 Diluted Earnings Per Share: Net income allocated to common shareholders $ 18,538 $ 12,095 Weighted average common shares outstanding 8,198,188 7,673,085 Net dilutive effect of: Assumed exercises of stock options 118,348 92,778 Average shares and dilutive potential common shares 8,316,536 7,765,863 Dilutive earnings per share $ 2.23 $ 1.56

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost and fair value of securities at December 31, 2021 and December 31, 2020 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2021 Securities Available for Sale U.S. Treasury securities $ 7,820 $ 22 $ (20) $ 7,822 U.S. Government Sponsored Enterprises (GSEs) 9,228 68 (103) 9,193 State and municipal securities 54,236 2,611 (66) 56,781 Corporate debt securities 10,530 289 (35) 10,784 Asset based securities 10,380 116 (24) 10,472 Mortgage-backed GSE residential/multifamily and non-GSE 37,123 185 (188) 37,120 Total securities available for sale $ 129,317 $ 3,291 $ (436) $ 132,172 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities 19,672 364 (126) 19,910 Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082 Amortized Gross Gross Fair Value December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) 9,154 246 (34) 9,366 State and municipal securities 64,468 3,531 (58) 67,941 Corporate debt securities 8,286 188 (5) 8,469 Asset based securities 9,035 76 — 9,111 Mortgage-backed GSE residential/multifamily and non-GSE 18,753 394 (33) 19,114 Total securities available for sale $ 109,696 $ 4,435 $ (130) $ 114,001 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities — — — — Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ — $ — $ — $ — Total securities $ 109,696 $ 4,435 $ (130) $ 114,001 Securities with a carrying value of $46,263 and $40,983 at December 31, 2021 and December 31, 2020, respectively, were pledged to secure public deposits and for other purposes as required or permitted by law. The amortized cost and fair value of securities available for sale and securities held to maturity as of December 31, 2021 and December 31, 2020 by contractual maturity are shown below. Actual maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities may be called or repaid with or without penalty. Therefore, these securities are not included by maturity in the following summary: December 31, 2021 2020 Amortized Cost Fair Value Amortized Cost Fair Value Securities Available for Sale Due in less than one year $ 302 $ 302 $ — $ — Due from one year to five years 2,766 2,790 1,200 1,241 Due after five to ten years 26,475 26,764 15,518 15,873 Due after ten years 62,651 65,196 74,225 77,773 Mortgage-backed securities 37,123 37,120 18,753 19,114 Total securities available for sale $ 129,317 $ 132,172 $ 109,696 $ 114,001 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 1,100 1,115 — — Due after ten years 18,572 18,795 — — Mortgage-backed securities — — — — Total securities held to maturity $ 19,672 $ 19,910 $ — $ — Total securities $ 148,989 $ 152,082 $ 109,696 $ 114,001 Gains and losses on sales of securities available for sale for the years ended December 31, 2021 and December 31, 2020 consist of the following: Years Ended December 31, 2021 2020 Gross gains $ 862 $ 765 Gross losses (919) (23) Net realized gains (losses) $ (57) $ 742 Restricted equity securities as of December 31, 2021 and December 31, 2020 consist of the following: December 31, 2021 2020 Federal Home Loan Bank stock $ 1,675 $ 2,299 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 2,600 $ 3,224 Temporarily Impaired Securities The following table shows the gross unrealized losses and fair value of securities, aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2021 and December 31, 2020. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2021 Securities Available for Sale U.S. Treasury securities $ (20) $ 5,347 $ — $ — $ (20) U.S. Government Sponsored Enterprises (GSEs) (57) 1,946 (46) 1,899 (103) State and municipal securities (66) 6,270 — — (66) Corporate debt securities (35) 2,995 — — (35) Asset based securities (21) 2,842 (3) 879 (24) Mortgage-backed GSE residential/multifamily and non-GSE (158) 16,226 (30) 2,749 (188) Total securities available for sale $ (357) $ 35,626 $ (79) $ 5,527 $ (436) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities (126) 6,450 — — (126) Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562) Temporarily Impaired Securities (Continued) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) (34) 2,051 — — (34) State and municipal securities (58) 4,979 — — (58) Corporate debt securities (5) 1,495 — — (5) Asset based securities — 960 — — — Mortgage-backed GSE residential/multifamily and non-GSE (33) 6,643 — — (33) Total securities available for sale $ (130) $ 16,128 $ — $ — $ (130) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities — — — — — Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ — $ — $ — $ — $ — Total securities $ (130) $ 16,128 $ — $ — $ (130) The unrealized losses on fifty-five securities were caused by interest rate changes. Because the Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell the securities before recovery of the amortized cost bases, at maturity, the Company does not consider these securities to be other-than-temporarily impaired at December 31, 2021. Other-Than-Temporary Impairment The Company routinely conducts periodic reviews to identify and evaluate each investment security to determine whether an other-than-temporary impairment has occurred. Factors included in the evaluation process may include geographic concentrations, credit ratings, and other performance indicators of the underlying asset. As of December 31, 2021 and December 31, 2020, no securities within the Company’s investment securities portfolio was considered other-than-temporarily impaired.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS	LOANS Portfolio Segments and Classes The composition of loans, excluding loans held for sale, is summarized as follows: December 31, 2021 2020 Amount % of Amount % of (in thousands, except percentages) Real estate mortgages: Construction and development $ 174,480 13.9% $ 102,559 9.9% Residential 147,490 11.8% 152,212 14.7% Commercial 716,541 57.1% 514,923 49.8% Commercial and industrial 206,897 16.5% 254,395 24.6% Consumer and other 8,709 0.7% 9,644 1.0% Gross Loans 1,254,117 100.0% 1,033,733 100.0% Deferred loan fees (3,817) (3,618) Allowance for loan losses (14,844) (11,859) Loans, net $ 1,235,456 $ 1,018,256 For purposes of the disclosures required pursuant to ASC 310, the loan portfolio was disaggregated into segments and then further disaggregated into classes for certain disclosures. A portfolio segment is defined as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. There are three loan portfolio segments that include real estate, commercial and industrial, and consumer and other. A class is generally determined based on the initial measurement attribute, risk characteristic of the loan, and an entity’s method for monitoring and assessing credit risk. Commercial and industrial is a separate commercial loan class. Classes within the real estate portfolio segment include construction and development, residential mortgages, and commercial mortgages. Consumer loans and other are a class in itself. In light of the U.S. and global economic crisis brought about by the COVID-19 pandemic, the Company has prioritized assisting its clients through this troubled time. The CARES Act provides for Paycheck Protection Program (PPP) loans to be made by banks to employers with less than 500 employees if they continue to employ their existing workers. As of December 31, 2021, the Company has outstanding 36 loans for a total amount of $9,203 under the PPP. At December 31, 2021, unaccreted deferred loan origination fees related to PPP loans totaled $298. PPP loan origination fees recorded as an adjustment to loan yield for the year were $2,677. These PPP loans are included within the commercial and industrial loan category in the table above. The following describe risk characteristics relevant to each of the portfolio segments and classes: Real estate - As discussed below, the Company offers various types of real estate loan products. All loans within this portfolio segment are particularly sensitive to the valuation of real estate: • Loans for real estate construction and development are repaid through cash flow related to the operations, sale or refinance of the underlying property. This portfolio class includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of the real estate or income generated from the real estate collateral. • Residential mortgages include 1-4 family first mortgage loans which are repaid by various means such as a borrower’s income, sale of the property, or rental income derived from the property. Also included in residential mortgages are real estate loans secured by farmland, second liens, or open end real estate loans, such as home equity lines. These loans are typically repaid in the same means as 1-4 family first mortgages. Portfolio Segments and Classes (Continued) • Commercial real estate mortgage loans include both owner-occupied commercial real estate loans and other commercial real estate loans such as commercial loans secured by income producing properties. Owner-occupied commercial real estate loans made to operating businesses are long-term financing of land and buildings and are repaid by cash flows generated from business operations. Real estate loans for income-producing properties such as apartment buildings, hotels, office and industrial buildings, and retail shopping centers are repaid by cash flows from rent income derived from the properties. Commercial and industrial - The commercial loan portfolio segment includes commercial and industrial loans. These loans include those loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases, leases, or expansion projects. Loans are repaid by business cash flows. Collection risk in this portfolio is driven by the creditworthiness of the underlying borrower, particularly cash flows from the borrowers’ business operations. Consumer and other - The consumer loan portfolio segment includes direct consumer installment loans, overdrafts and other revolving credit loans. Loans in this portfolio are sensitive to unemployment and other key consumer economic measures which affects borrowers’ incomes and cash for repayment. Credit Risk Management The Chief Credit Officer, Officers Loan Committee and Directors Loan Committee are each involved in the credit risk management process and assess the accuracy of risk ratings, the quality of the portfolio and the estimation of inherent credit losses in the loan portfolio. This comprehensive process also assists in the prompt identification of problem credits. The Company has taken a number of measures to manage the portfolios and reduce risk, particularly in the more problematic portfolios. The Company employs a credit risk management process with defined policies, accountability and routine reporting to manage credit risk in the loan portfolio segments. Credit risk management is guided by a comprehensive Loan Policy that provides for a consistent and prudent approach to underwriting and approvals of credits. Within the Board approved Loan Policy, procedures exist that elevate the approval requirements as credits become larger and more complex. All loans are individually underwritten, risk-rated, approved, and monitored. Responsibility and accountability for adherence to underwriting policies and accurate risk ratings lies in each portfolio segment. For the consumer portfolio segment, the risk management process focuses on managing customers who become delinquent in their payments. For the commercial and real estate portfolio segments, the risk management process focuses on underwriting new business and, on an ongoing basis, monitoring the credit of the portfolios. To ensure problem credits are identified on a timely basis, several specific portfolio reviews occur each year to assess the larger adversely rated credits for proper risk rating and accrual status. Credit quality and trends in the loan portfolio segments are measured and monitored regularly. Detailed reports, by product, collateral, accrual status, etc., are reviewed by the Chief Credit Officer and reported to the Board of Directors. Credit Risk Management (Continued) A description of the general characteristics of the risk categories used by the Company is as follows: • Pass - A Pass loan is a strong credit with no existing or known potential weaknesses deserving of management’s close attention. • Special Mention - A loan that has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position at some future date. These loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. • Substandard - Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. • Doubtful - Loans classified Doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. • Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The following tables summarize the risk category of the Company’s loan portfolio based upon the most recent analysis performed as of December 31, 2021 and December 31, 2020: Pass Special Substandard Doubtful Total (dollars in thousands) As of December 31, 2021 Real estate mortgages: Construction and development $ 168,751 $ 388 $ 5,341 $ — $ 174,480 Residential 142,782 3,554 1,154 — 147,490 Commercial 691,863 16,371 8,307 — 716,541 Commercial and industrial 203,630 2,960 73 234 206,897 Consumer and other 8,682 21 6 — 8,709 Total: $ 1,215,708 $ 23,294 $ 14,881 $ 234 $ 1,254,117 As of December 31, 2020 Real estate mortgages: Construction and development $ 95,214 $ 6,113 $ 1,232 $ — $ 102,559 Residential 144,256 6,245 1,627 84 152,212 Commercial 471,555 36,754 6,614 — 514,923 Commercial and industrial 240,646 13,138 611 — 254,395 Consumer and other 8,186 1,435 23 — 9,644 Total: $ 959,857 $ 63,685 $ 10,107 $ 84 $ 1,033,733 Past Due Loans A loan is considered past due if any required principal and interest payments have not been received as of the date such payments were required to be made under the terms of the loan agreement. Generally, management places a loan on nonaccrual when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally when a loan is 90 days past due. The following tables present the aging of the recorded investment in loans as of December 31, 2021 and December 31, 2020: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual Total As of December 31, 2021 Real estate mortgages: Construction and development $ 173,027 $ 62 $ 746 $ 299 $ 1,107 $ 346 $ 174,480 Residential 146,871 129 128 195 452 167 147,490 Commercial 714,092 1,775 — — 1,775 674 716,541 Commercial and industrial 206,027 99 486 — 585 285 206,897 Consumer and other 8,673 30 — — 30 6 8,709 Total: $ 1,248,690 $ 2,095 $ 1,360 $ 494 $ 3,949 $ 1,478 $ 1,254,117 As of December 31, 2020 Real estate mortgages: Construction and development $ 101,375 $ 117 $ 90 $ — $ 207 $ 977 $ 102,559 Residential 150,837 382 94 42 518 857 152,212 Commercial 512,208 1,196 — 41 1,237 1,478 514,923 Commercial and industrial 252,473 626 1,212 — 1,838 84 254,395 Consumer and other 9,581 18 15 8 41 22 9,644 Total: $ 1,026,474 $ 2,339 $ 1,411 $ 91 $ 3,841 $ 3,418 $ 1,033,733 Allowance for Loans Losses The following tables detail activity in the allowance for loan losses by portfolio segment as of December 31, 2021 and December 31, 2020. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Provision (credit) for loan losses 3,516 (458) (76) 2,982 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 25 15 9 49 Ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Ending balance - individually evaluated for impairment $ 340 $ 292 $ 3 $ 635 Ending balance - collectively evaluated for impairment 11,145 2,874 121 14,140 Ending balance - loans acquired with deteriorated credit quality 69 — — 69 Total ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Loans: Ending balance - individually evaluated for impairment $ 14,742 $ 307 $ 26 $ 15,075 Ending balance - collectively evaluated for impairment 1,022,497 206,590 8,683 1,237,770 Ending balance - loans acquired with deteriorated credit quality 1,272 — — 1,272 Total ending balance at December 31, 2021 $ 1,038,511 $ 206,897 $ 8,709 $ 1,254,117 Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2019 $ 7,254 $ 1,885 $ 126 $ 9,265 Provision for loan losses 1,702 1,598 — 3,300 Loans charged off (908) — (18) (926) Recoveries of loans previously charged off 9 126 85 220 Ending balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Ending balance - individually evaluated for impairment $ 1,352 $ 478 $ 7 $ 1,837 Ending balance - collectively evaluated for impairment 6,476 3,131 186 9,793 Ending balance - loans acquired with deteriorated credit quality 229 — — 229 Total ending balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Loans: Ending balance - individually evaluated for impairment $ 11,527 $ 856 $ 37 $ 12,420 Ending balance - collectively evaluated for impairment 756,489 253,539 9,607 1,019,635 Ending balance - loans acquired with deteriorated credit quality 1,678 — — 1,678 Total ending balance at December 31, 2020 $ 769,694 $ 254,395 $ 9,644 $ 1,033,733 Impaired Loans A loan held for investment is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due (both principal and interest) according to the terms of the loan agreement. The following tables detail our impaired loans, by portfolio class as of December 31, 2021 and December 31, 2020. Recorded Unpaid Related Average Interest Income Recognized December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 $ 205 Residential 1,081 1,081 — 1,090 90 Commercial 7,992 7,992 — 7,993 440 Commercial and industrial 22 22 — 25 3 Consumer and other 15 15 — 16 1 Total with no related allowance recorded 14,368 14,368 — 14,385 739 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 $ 10 Residential 633 704 125 636 27 Commercial 680 680 136 682 32 Commercial and industrial 285 285 292 289 18 Consumer and other 11 11 3 11 1 Total with an allowance recorded 1,979 2,050 704 1,988 88 Total impaired loans: $ 16,347 $ 16,418 $ 704 $ 16,373 $ 827 Recorded Unpaid Related Average Interest Income Recognized December 31, 2020 With no related allowance recorded: Real estate mortgages: Construction and development $ 977 $ 977 $ — $ 970 $ 18 Residential 1,537 1,537 — 1,669 93 Commercial 5,117 5,117 — 5,425 290 Commercial and industrial 65 65 — 91 6 Consumer and other 22 22 — 24 2 Total with no related allowance recorded 7,718 7,718 — 8,179 $ 409 With an allowance recorded: Real estate mortgages: Construction and development 644 644 106 668 $ 34 Residential 1,557 1,628 628 1,636 82 Commercial 3,373 3,373 847 3,526 194 Commercial and industrial 791 791 478 886 58 Consumer and other 15 15 7 15 — Total with an allowance recorded 6,380 6,451 2,066 6,731 368 Total impaired loans: $ 14,098 $ 14,169 $ 2,066 $ 14,910 $ 777 Troubled Debt Restructurings As of December 31, 2021, and 2020, impaired loans included $2,012 and $1,754, respectively, in loans that were classified as Troubled Debt Restructurings (TDRs). The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. In assessing whether a borrower is experiencing financial difficulties, the Company considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (i) the borrower is currently in payment default on any of its debt; (ii) a payment default is probable in the foreseeable future without the modification; (iii) the borrower has declared or is in the process of declaring bankruptcy and (iv) the borrower’s projected cash flow is sufficient to satisfy contractual payments due under the original terms of the loan without a modification. The Company considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by the Company include the borrower’s ability to access funds at a market rate for debt with similar risk characteristics, the significance of the modification relative to unpaid principal balance or collateral value of the debt, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by the Company generally include one or more modifications to the terms of the debt, such as (i) a reduction in the interest rate for the remaining life of the debt, (ii) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (iii) a temporary period of interest-only payments, and (iv) a reduction in the contractual payment amount for either a short period or remaining term of the loan. As of December 31, 2021, and 2020, the Company had $1,072 and $1,275, respectively, in loans considered restructured that are not on nonaccrual status. Of the nonaccrual loans at December 31, 2021 and 2020, $940 and $479, respectively, met the criteria for a TDR. A loan is placed back on accrual status when both principal and interest are current, and it is probable that the Company will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. Recorded investment prior to modification reflects the Company’s recorded investment immediately before the modification. Recorded investment after modification represents the Company’s recorded investment at the end of the year. The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2021 and 2020. Troubled Debt Restructurings Recorded Recorded Investment Investment Impact on the Number Prior to After Allowance for of Loans Modification Modification Loan Losses December 31, 2021 Real estate mortgages: Construction and development 2 $ 189 $ 178 $ 63 Residential 1 3 — — Commercial 2 537 510 — Commercial and industrial — — — — Consumer and other — — — — Total 5 $ 729 $ 688 $ 63 December 31, 2020 Real estate mortgages: Construction and development — $ — $ — $ — Residential — — — — Commercial — — — — Commercial and industrial 1 277 271 271 Consumer and other 1 16 15 7 Total 2 $ 293 $ 286 $ 278 The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status subsequent to the modification or has been transferred to foreclosed assets. As of December 31, 2021, three loans modified in a TDR during the twelve months, subsequently defaulted. As of December 31, 2020, no loans modified in a TDR during the twelve months, subsequently defaulted.

FORECLOSED ASSETS

FORECLOSED ASSETS	12 Months Ended
	Dec. 31, 2021
Repossessed Assets [Abstract]
FORECLOSED ASSETS	FORECLOSED ASSETS A summary of foreclosed assets is presented as follows: December 31, 2021 2020 Balance, beginning of year $ 10,224 $ 7,042 Acquired through settlement of loans 100 10,088 Sales proceeds (7,187) (5,910) Write-downs — (920) Net gain (loss) on sales of foreclosed assets (207) 76 Receivable from SBA — (152) Balance, end of year $ 2,930 $ 10,224 Net expenses related to foreclosed assets include the following: December 31, 2021 2020 Net (gain) loss on sales of foreclosed assets $ 207 $ (76) Write-downs — 920 Operating expenses, net of rental income (366) 102 Net (income) expense $ (159) $ 946 The carrying amount of other real estate owned categorized as residential real estate at December 31, 2021 and 2020 was $60 and $145, respectively.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment is summarized as follows: December 31, 2021 2020 Land and land improvements $ 8,169 $ 8,169 Building 22,604 21,109 Furniture and equipment 4,785 7,260 35,558 36,538 Accumulated depreciation (8,514) (12,112) Total premises and equipment $ 27,044 $ 24,426

LEASES

LEASES	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
LEASES	LEASES The Company leases certain office facilities under long-term operating lease agreements. The leases expire at various dates through 2024 and some include renewal options. Many of these leases require the payment of property taxes, insurance premiums, maintenance, utilities and other costs. In many cases, rentals are subject to increase in relation to a cost-of-living index. The Company accounts for lease and non-lease components together as a single lease component. The Company determines if an arrangement is a lease at inception. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Future minimum lease payments, as of December 31, 2021, on the leases described above, excluding any renewal options, are summarized as follows: 2022 $ 160 2023 143 2024 58 $ 361 Rental expense included in the consolidated statements of income for the years ended December 31, 2021 and 2020 is $488 and $473, respectively. The Company determines if an arrangement is a lease at inception of the contract and assesses the appropriate classification as operating or financing. Operating leases with terms greater than one year are included in right-of-use assets and lease liabilities on the Company's consolidated balance sheets. Agreements with both lease and non-lease components are accounted for separately, with only the lease component capitalized. Operating right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the term using the interest rate implicit in the contract, when available, or the Company's incremental collateralized borrowing rate with similar terms. The table below summarizes information related to the Company's operating leases as of and for the year ended December 31, 2021: Operating lease right-of-use assets $ 338 Operating lease liabilities $ 339 Weighted average remaining operating lease term (in years) 1.7 Weighted average operating lease discount rate 4.5 % Future obligations over the primary and renewal option terms of the Company’s long-term operating leases as of December 31, 2021, were as follows: 2022 $ 156 2023 143 2024 58 Total Lease Payments 357 Less: Interest (18) Operating Lease Liability $ 339

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
DEPOSITS	DEPOSITS Major classifications of deposits are as follows: December 31, 2021 2020 Noninterest-bearing transaction $ 541,546 $ 290,867 Interest-bearing transaction 704,326 475,757 Savings 56,715 42,731 Time deposits, $250,000 and under 224,556 293,707 Time deposits, over $250,000 29,308 36,599 $ 1,556,451 $ 1,139,661 Brokered deposits totaled $34,110 at December 31, 2021 and $34,151 at December 31, 2020. The scheduled maturities of time deposits at December 31, 2021 are as follows: 2022 $ 212,370 2023 19,162 2024 17,192 2025 3,402 2026 1,552 Thereafter 186 Total $ 253,864 At December 31, 2021 and December 31, 2020, overdrawn transaction accounts reclassified to loans totaled $208 and $166, respectively.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS Note payable and subordinated notes consist of the following: December 31, 2021 2020 Short-term variable $25 million line of credit with interest due quarterly at 90-Day LIBOR + 2.50%, maturity August 2022. $ 12,498 $ 7,975 Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2023 and interest rates ranging from 0.31% to 0.57%. 25,950 30,900 Subordinated notes with interest due semi-annually beginning January 1, 2017 at a fixed rate of 6.625% through July 2021, then quarterly interest due based on LIBOR + 5.412% through maturity on July 1, 2026. — 4,493 $ 38,448 $ 43,368 Contractual maturities of other borrowings as of December 31, 2021 are as follows: 2022 $ 32,448 2023 6,000 Total $ 38,448 The short-term variable $25.0 million line of credit from First Horizon Bank is collateralized by 100% of the capital stock of the Bank. Advances from the Federal Home Loan Bank of Atlanta are secured by a blanket floating lien on qualifying commercial mortgages of approximately $66,623, residential mortgages of approximately $22,673, and on qualifying home equity lines of credit of approximately $5,006. At December 31, 2021 the Company had $25,950 in outstanding advances and approximately $68,352 was available for borrowing on lines with the FHLB. At December 31, 2021, the Company has accommodations which allow the purchase of federal funds from several correspondent banks on an overnight basis at prevailing overnight market rates. These accommodations are subject to various restrictions as to their term and availability, and in most cases, must be repaid in less than a month. At December 31, 2021 and 2020, the Company had $0 outstanding under these arrangements. The Company may borrow up to $87,200 under these arrangements as of December 31, 2021. Subordinated Notes On June 23, 2016, the Company issued $4,500 of Fixed-to-Floating Rate Subordinated Notes due July 2026 (the “Notes”). The Notes initially bore interest at 6.625% per annum, payable semi-annually in arrears on January 1 and July 1 of each year, commencing on January 1, 2017 until July 1, 2021. Thereafter and to, but excluding, the maturity date or earlier redemption, interest was payable quarterly in arrears, at an annual floating rate equal to three-month LIBOR as determined for the applicable quarterly period, plus 5.412%. The Company could, at its option, beginning on July 1, 2021 and on any scheduled interest payment date thereafter, redeem the Notes, in whole or in part, at a redemption price equal to the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. Issuance costs related to the Notes totaled $79 and have been netted against the subordinated notes liability on the balance sheet. At December 31, 2021 and December 31, 2020, the remaining balance of the debt issuance cost was $0 and $7, respectively. The debt issuance costs were being amortized using the straight-line method over sixty months and are recorded as a component of interest expense. On June 23, 2021, the Company redeemed all of the outstanding Notes.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives The Company is exposed to certain risk arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its assets and liabilities and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Non-designated Hedges Derivatives not designated as hedges are not speculative and result from a service the Company provides to certain customers. The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting derivatives that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. As the interest rate derivatives associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer derivatives and the offsetting derivatives are recognized directly in earnings. Tabular Disclosure of Fair Values of Derivative Instruments on the Balance Sheet The table below presents the fair value of the Company’s derivative financial instruments including the effects of offsetting as well as their classification on the consolidated balance sheets as of December 31, 2021 and December 31, 2020. As of December 31, 2021, the Company has posted cash collateral of $350. The amount of loss recognized in income on derivatives as a fair value adjustment and fee income, for the year ended December 31, 2021, were $29 and $960, respectively. December 31, 2021 December 31, 2020 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products $ 49,664 Other Assets $ 983 Interest Rate Products 77,534 Other Liabilities (1,843) Interest Rate Products 49,664 Other Liabilities (1,013) Credit-risk-related Contingent Features Applicable for OTC derivatives with dealers The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. The Company has agreements with certain of its derivative counterparties that contain a provision where if the company fails to maintain its status as a well / adequate capitalized institution, then the Company could be required to post additional collateral. As of December 31, 2021, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $1,827. If the Company had breached any of these provisions at December 31, 2021, it could have been required to settle its obligations under the agreements at their termination value of $1,827, less the required collateral of $350.

EMPLOYEE AND DIRECTOR BENEFITS

EMPLOYEE AND DIRECTOR BENEFITS	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
EMPLOYEE AND DIRECTOR BENEFITS	EMPLOYEE AND DIRECTOR BENEFITS Incentive Stock Option Plan The Company adopted an Incentive Stock Compensation Plan during 2007 which grants directors, key employees and others options to purchase shares of common stock of the Company. Options may be granted as incentive stock options or nonqualified stock options depending on the eligibility of the recipient. Option prices and terms are determined by a committee appointed by the Board of Directors. The plan provides for a total of 450,000 options to purchase common shares of the Company. During 2016, the Board of Directors of the Company approved to increase the total number of options available to the Plan from 450,000 to 675,000. In December 2017, the Board of Directors of the Company approved to further increase the total number of options available to the Plan from 675,000 to 975,000. During 2020, the Board of Directors of the Company approved to increase the total number of options available to the Plan from 975,000 to 1,400,000. As of December 31, 2021, there are 474,336 options under the plan available to be granted. Other pertinent information related to the options is as follows: Number Weighted Average Exercise Price Year Ended December 31, 2021 Options outstanding, beginning of year 480,478 $ 14.95 Granted 33,294 20.03 Exercised (10,000) 10.00 Forfeited (2,280) 20.10 Options outstanding, end of year 501,492 $ 15.37 Weighted average remaining contractual life 6.46 years Exercisable, end of year 327,526 $ 13.79 Year Ended December 31, 2020 Options outstanding, beginning of year 373,392 $ 13.55 Granted 113,086 19.49 Exercised (1,000) 10.00 Forfeited (5,000) 14.20 Options outstanding, end of year 480,478 $ 14.95 Weighted average remaining contractual life 7.26 years Exercisable, end of year 216,677 $ 12.67 Incentive Stock Option Plan (Continued) Exercisable options at December 31, 2021 were as follows: Exercise Price Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (dollars in thousands) $ 10.00 115,000 $ 10.00 4.09 $ 1,101 14.00 24,000 14.00 5.33 134 14.00 7,200 14.00 5.67 40 14.00 4,000 14.00 6.00 22 14.50 73,000 14.50 6.09 370 14.50 9,000 14.50 6.42 46 14.50 4,800 14.50 6.92 24 16.00 50,261 16.00 7.09 179 22.75 6,000 22.75 7.84 — 20.10 20,512 20.10 8.09 — 20.10 9,753 20.10 8.18 — 14.98 2,000 14.98 8.84 9 18.34 2,000 18.34 9.01 2 327,526 $ 13.79 5.75 $ 1,927 During 2020 and 2021, there were no vested stock options exchanged in a cashless exercise. For the years ended December 31, 2021 and 2020, the Company recognized $362 and $349, respectively, in stock-based compensation expense related to stock option awards. As of December 31, 2021 and 2020, there is $537 and $587, respectively, of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the plan. The cost is expected to be recognized over a weighted average period of 1.66 years. The fair value of each stock option award is estimated on the date of grant using a Black-Scholes-Merton valuation model that uses the assumptions noted in the following table. Expected volatilities are based on an average of traded community banks. The Company considers historical data and peer group data to estimate option exercise and employee termination within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted is based on the short-cut method and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following weighted average assumptions were used in the calculations for 2021 and 2020 as follows: December 31, 2021 2020 Dividend yield 2.50% 2.50% Weighted average volatility 65.43% 29.15% Expected life in years 6.50 years 6.68 years Risk-free interest rate 0.81% 1.56% Weighted average grant-date fair value $ 9.77 $ 4.22 Restricted Stock During 2013, the Company amended the 2007 Incentive Stock Compensation Plan to allow for restricted stock awards. The Company awarded 24,985 shares of restricted stock during 2021 and 22,869 in 2020. The restriction is based upon continuous service and the shares will vest equally over three Number Weighted Average Exercise Price Year Ended December 31, 2021 Nonvested, beginning of year 39,169 $ 17.80 Granted 24,985 20.03 Forfeited — — Vested (24,840) 17.36 Nonvested, end of year 39,314 $ 19.50 Year Ended December 31, 2020 Nonvested, beginning of year 34,389 $ 16.06 Granted 22,869 19.35 Forfeited (268) 20.10 Vested (17,821) 16.39 Nonvested, end of year 39,169 $ 17.80 As of December 31, 2021, there was $477 of unrecognized compensation cost related to nonvested restricted stock awards. Expense for restricted stock awards of $463 and $390 was recorded for the years ended December 31, 2021 and 2020, respectively. Supplemental Executive Retirement Plan The Company sponsors a supplemental executive retirement plan (SERP) providing for death and retirement benefits for certain executive officers. In connection with the SERP plan, the Company has purchased annuity contracts and bank owned life insurance from various insurance entities. The Company is the annuity owner throughout the term of the contract and as such, the annuity payments are paid directly to the Company. The Company in turn will make the benefit payments to the executives upon retirement over the executives’ life using the funds received from the annuity contracts. The Company will accrue the total obligation under the SERP over the executive’s future service period to the date full eligibility for the benefit is attained. The amounts to be accrued shall result in an accrued amount at the full eligibility date equal to the then present value of all of the future benefits expected to be paid. The Company has recorded a liability as of December 31, 2021 and 2020, amounting to $3,578 and $2,990, respectively, for the present value of the future benefits to be paid under the SERP, which is recorded in other liabilities on the consolidated balance sheets. Expense related to the SERP totaled $589 and $487 for the years ended December 31, 2021 and 2020, respectively. Bank Owned Life Insurance Investments in bank-owned life insurance programs are recorded at their respective cash surrender values. The cash surrender value and net interest earned on the related policies amounted to $22,201 and $497, respectively, as of and for the year ended December 31, 2021 and $22,458 and $528, respectively, as of and for the year ended December 31, 2020.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense consists of the following: Years Ended December 31, 2021 2020 Current $ 6,705 $ 4,113 Deferred (973) (1,587) Income tax expense $ 5,732 $ 2,526 The Company’s income tax expense differs from the amounts computed by applying the federal income tax statutory rates to income before income taxes. A reconciliation of the differences as of December 31, 2021 and 2020 is as follows: Years Ended December 31, 2021 2020 Income tax expense at federal statutory rate $ 5,102 $ 3,073 State income tax 879 465 Tax exempt income (210) (170) Nondeductible merger (credit) expenses 134 (685) Other (173) (157) Income tax expense $ 5,732 $ 2,526 The components of deferred income taxes are as follows: December 31, 2021 2020 Deferred income tax assets: Loan loss reserves $ 3,812 $ 2,982 Pre-opening and organization expenses 15 36 Deferred compensation 1,055 904 Intangible assets created from asset purchase 34 40 Loans purchased at a premium 68 142 Restricted stock 40 32 Deferred origination fees 795 642 5,819 4,778 Deferred income tax liabilities: Loans purchased at a discount 136 163 Depreciation 325 208 Intangible assets created from stock purchase 393 461 Other 161 115 Unrealized gain on securities available for sale 743 1,122 1,758 2,069 Net deferred income tax asset $ 4,061 $ 2,709 The Company and its subsidiary are subject to U.S. federal income tax, as well as income tax within the States of Alabama and Georgia. The Company is no longer subject to examination by taxing authorities for years before 2018. The deferred income tax asset is recorded in “Other assets” on the consolidated balance sheets.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Loan Commitments The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amount recognized in the balance sheets. The majority of all commitments to extend credit and standby letters of credit are variable rate instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. A summary of the Company’s commitments is as follows: December 31, 2021 2020 Commitments to extend credit $ 314,194 $ 181,925 Standby letters of credit 3,434 2,814 Total $ 317,628 $ 184,739 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 amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the customer. Collateral held varies, but may include accounts receivable, inventory, property and equipment, residential real estate, and income-producing commercial properties. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. Collateral held varies and is required in instances which the Company deems necessary. The Company has not been required to perform on any standby letters of credit, and the Company has not incurred any losses on financial standby letters of credit for the twelve months ended December 31, 2021 and December 31, 2020. Contingencies In the normal course of business, the Company is involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material effect on the Company’s financial statements.

CONCENTRATIONS OF CREDIT

CONCENTRATIONS OF CREDIT	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT	The Company originates primarily commercial, commercial real estate, residential real estate, and consumer loans to customers in Alabama and Georgia. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy in these areas. Eighty-three percent of the Company’s loan portfolio is concentrated in real estate. A substantial portion of these loans are secured by real estate in the Company’s primary market area. In addition, a substantial portion of the other real estate owned is located in those same markets. Accordingly, the ultimate collectibility of the loan portfolio and the recovery of the carrying amount of the other real estate owned are susceptible to changes in market conditions in the Company’s primary market area. The other concentrations of credit by type of loan are set forth in Note 4. The Company, according to regulatory restrictions, may not generally extend credit to any single borrower or group of related borrowers on a secured basis in excess of 20% of capital, as defined, or approximately $36,317 or on an unsecured basis in excess of 10% of capital, as defined, or approximately $18,159.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY As of December 31, 2021, the Company had 9,012,857 shares of common stock issued and outstanding. As of December 31, 2021, the Company does not have any non-voting shares issued and outstanding. As of December 31, 2020, the Company had 7,678,195 shares of common stock issued and outstanding, of which 805,715 shares were non-voting.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2021
Regulatory Capital Requirements Under Banking Regulations [Abstract]
REGULATORY MATTERS	REGULATORY MATTERS The Bank is subject to certain restrictions on the amount of dividends that may be declared without prior regulatory approval. At December 31, 2021, approximately $33,247 of retained earnings was available for dividend declaration without regulatory approval. The Bank is also subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. 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 capital, Tier 1 capital, and common equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. In addition, the Bank is subject to an institution-specific capital buffer, which must exceed 2.50% to avoid limitations on distributions and discretionary bonus payments. Management believes, as of December 31, 2021 and December 31, 2020, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 2021, the Company and the Bank believe they are each well capitalized on a consolidated basis for bank regulatory purposes as their respective capital ratios exceed minimum total Tier 1 and CET1 risk-based capital ratios and Tier 1 leverage capital ratios as set forth in the following table. As a bank holding company with less than $3 billion in total consolidated assets, the Company is eligible to be treated as a “small bank holding company” under the Federal Reserve’s Small Bank Holding Company and Savings and Loan Holding Company Policy Statement. As a result, the Company’s capital adequacy is evaluated at the bank level and on a parent-only basis, and it is not subject to consolidated capital standards for regulatory purposes. The ratios set forth below as to the Company are for illustrative purposes in the event it were to become subject to consolidated capital standards for regulatory purposes. The column styled “Required for Capital Adequacy Purposes” includes the 2.5% capital conservation buffer. Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 capital (to average assets) Company $ 156,723 9.74 % $ 64,376 4.00 % $ — — Bank $ 168,027 10.44 % $ 64,376 4.00 % $ 80,470 5.00 % CET 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 106,019 7.00 % $ — — Bank $ 168,027 11.09 % $ 106,019 7.00 % $ 98,446 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 128,737 8.50 % $ — — Bank $ 168,027 11.09 % $ 128,737 8.50 % $ 121,164 8.00 % Total capital (to risk-weighted assets) Company $ 171,567 11.33 % $ 159,028 10.50 % $ — — Bank $ 182,871 12.07 % $ 159,028 10.50 % $ 151,455 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 capital (to average assets) Company $ 118,837 9.24 % $ 51,426 4.00 % $ — — Bank $ 130,852 10.18 % $ 51,426 4.00 % $ 77,139 5.00 % CET 1 capital (to risk-weighted assets) Company $ 118,837 10.63 % $ 78,257 7.00 % $ — — Bank $ 130,852 11.70 % $ 78,257 7.00 % $ 72,667 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 118,837 10.63 % $ 95,026 8.50 % $ — — Bank $ 130,852 11.70 % $ 95,026 8.50 % $ 89,436 8.00 % Total capital (to risk-weighted assets) Company $ 135,196 12.09 % $ 117,835 10.50 % $ — — Bank $ 142,711 12.77 % $ 117,835 10.50 % $ 117,795 10.00 %

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE OF ASSETS AND LIABILITIES	FAIR VALUE OF ASSETS AND LIABILITIES Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the Fair Value Measurements and Disclosures topic (FASB ASC 820), the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability, a change in valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at which willing market participants would transact at the measurement date under current market conditions depends on the facts and circumstances and requires the use of significant judgment. The fair value is a reasonable point within the range that is most representative of fair value under current market conditions. Fair Value Hierarchy In accordance with this guidance, the Company groups its financial assets and financial liabilities generally measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. Level 1 - Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 assets and liabilities generally include debt and equity securities that are traded in an active exchange market. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 - Valuation is based on inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. The valuation may be based on quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the asset or liability. Level 3 - Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which determination of fair value requires significant management judgment or estimation. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following methods and assumptions were used by the Company in estimating fair value disclosures for financial instruments: Cash and Cash Equivalents : The carrying amounts of cash and due from banks, interest-bearing deposits in banks, and federal funds sold make up cash and cash equivalents. The carrying amount of these short-term instruments approximate fair value. Fair Value Hierarchy (Continued) Securities and Other Equity Securities : Where quoted prices are available in an active market, management classifies the securities within Level 1 of the valuation hierarchy. Level 1 securities include highly liquid government bonds and exchange-traded equities. If quoted market prices are not available, management estimates fair values using pricing models and discounted cash flows that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, and credit spreads. Examples of such instruments, which would generally be classified within Level 2 of the valuation hierarchy, include GSE obligations, and state and municipal securities. Mortgage-backed securities are included in Level 2 if observable inputs are available. In certain cases where there is limited activity or less transparency around inputs to the valuation, those securities would be classified in Level 3. Restricted Equity Securities : The carrying amount of restricted equity securities with no readily determinable fair value approximates fair value based on the redemption provisions of the issuers which is cost. Loans Held for Sale : The carrying amounts of loans held for sale approximates fair value. Loans : The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair values of fixed rate loans is estimated based on discounted contractual cash flows using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. Bank Owned Life Insurance: The carrying amount of bank owned life insurance approximates fair value. Annuities : The carrying amounts of annuities approximate their fair values. Deposits : The fair values disclosed for transaction deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates on comparable instruments to a schedule of aggregated expected monthly maturities on time deposits. Other Borrowings : The fair value of fixed rate other borrowings is based on discounted contractual cash flows using interest rates currently being offered for borrowings of similar maturities. The fair values of the Company’s variable-rate other borrowings approximate their carrying values. Subordinated Notes : The carrying amounts of the subordinated notes approximate fair value. Accrued Interest : The carrying amounts of accrued interest approximate fair value. Trading Assets and Liabilities : The Company has derivative instruments in the form of interest rate swap agreements accounted for as trading assets and liabilities and carried at fair value. The fair value of these instruments is based on information obtained from a third party financial institution. The Company reflects these instruments within Level 2 of the valuation hierarchy. Off-Balance Sheet Credit-Related Instruments : Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. Assets Measured at Fair Value on a Recurring Basis The only assets and liabilities measured at fair value on a recurring basis are our securities available for sale and swaps. There were no transfers between levels during the period. Information related to the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021 and December 31, 2020 is as follows: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2021 U.S. Treasury securities $ 7,822 $ — $ 7,822 $ — U.S. Government Sponsored Enterprises (GSEs) 9,193 — 9,193 — State and municipal securities 56,781 — 56,781 — Corporate debt securities 10,784 — 10,784 — Asset based securities 10,472 — 10,472 — Mortgage-backed GSE residential/multifamily and non GSE 37,120 — 37,120 — Other equity securities 9,232 4,985 — 4,247 Interest Rate Products - asset 1,784 — 1,784 — Interest Rate Products - liabilities (1,843) — (1,843) — December 31, 2020 U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) 9,366 — 9,366 — State and municipal securities 67,941 — 67,941 — Corporate debt securities 8,469 — 8,469 — Asset based securities 9,111 — 9,111 — Mortgage-backed GSE residential/multifamily and non-GSE 19,114 — 19,114 — Other equity securities 5,017 5,017 — — Interest Rate Products - asset 983 — 983 — Interest Rate Products - liabilities (1,013) — (1,013) — Assets Measured at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of December 31, 2021 and December 31, 2020: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2021 Impaired loans $ 7,718 $ — $ — $ 7,718 Foreclosed assets 2,930 — — 2,930 Totals $ 10,648 $ — $ — 10,648 Fair Value Quoted Prices Significant Other Significant December 31, 2020 Impaired loans $ 4,392 $ — $ — $ 4,392 Foreclosed assets 10,224 — — 10,224 Totals $ 14,616 $ — $ — 14,616 Impaired Loans Loans considered impaired under ASC 310-10-35, Receivables , are loans for which, based on current information and events, it is probable that the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. Impaired loans can be measured based on the present value of expected payments using the loan’s original effective rate as the discount rate, the loan’s observable market price, or the fair value of the collateral less estimated selling costs if the loan is collateral dependent. The fair value of impaired loans were primarily measured based on the value of the collateral securing these loans. Impaired loans are classified within Level 3 of the fair value hierarchy. Collateral may be real estate and/or business assets including equipment, inventory, and/or accounts receivable. The Company generally determines the value of real estate collateral based on independent appraisals performed by qualified licensed appraisers. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Appraised values are discounted for estimated costs to sell and may be discounted further based on management’s historical knowledge, changes in market conditions from the date of the most recent appraisal, and/or management’s expertise and knowledge of the customer and the customer’s business. Such discounts by management are subjective and are typically significant unobservable inputs for determining fair value. Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly, based on the same factors discussed above. Impaired loans, which are usually measured for impairment using the fair value of collateral, had a carrying amount of $16,347 and $14,098 with a specific valuation allowance of $704 and $2,066 at December 31, 2021 and December 31, 2020, respectively. Of the $16,347 and $14,098 impaired loan portfolio, $8,422 and $6,458 were carried at fair value as a result of charge offs, specific valuation allowances, and the fair market adjustments at December 31, 2021 and December 31, 2020, respectively. The remaining $7,925 and $7,640 was carried at cost, as the fair value of the collateral on these loans exceeded the book value for each individual credit at December 31, 2021 and December 31, 2020, respectively. Charge offs and changes in specific valuation allowances at December 31, 2021 and December 31, 2020 on impaired loans carried at fair value resulted in additional provision for loan losses of $40 and $1,828, respectively. Foreclosed Assets Foreclosed assets, consisting of properties/assets obtained through foreclosure or in satisfaction of loans, are initially recorded at fair value less estimated costs to sell upon transfer of the loans to foreclosed assets. Subsequently, foreclosed assets are carried at the lower of carrying value or fair value less estimated costs to sell. Fair values are generally based on third party appraisals of the property/assets and are classified within Level 3 of the fair value hierarchy. The appraisals are sometimes further discounted based on management’s historical knowledge, and/or changes in market conditions from the date of the most recent appraisal, and/or management’s expertise and knowledge of the customer and the customer’s business. Such discounts are typically significant unobservable inputs for determining fair value. In cases where the carrying amount exceeds the fair value, less estimated costs to sell, a loss is recognized in noninterest expense. Quantitative Disclosures for Level 3 Fair Value Measurements The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2021 and 2020 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy measured at fair value on a recurring basis. December 31, 2021 2020 Carrying value, beginning of period $ — $ — Purchases 4,000 — Net realized gains 247 — Carrying value, end of period $ 4,247 $ — For Level 3 assets measured at fair value on a recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Recurring: Other equity securities $ 4,247 Discounted cash flow Discount rate (%) N/A For Level 3 assets measured at fair value on a recurring basis as of December 31, 2020, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Recurring: Other equity securities $ — Discounted cash flow Discount rate (%) N/A For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Nonrecurring: Impaired loans $ 7,718 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 2,930 Appraisal Appraisal discounts (%) 10-15% Quantitative Disclosures for Level 3 Fair Value Measurements (Continued) For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2020, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Nonrecurring: Impaired loans $ 4,392 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 10,224 Appraisal Appraisal discounts (%) 10-15% Fair Value of Financial Instruments The carrying amount and estimated fair value of the Company’s financial instruments were as follows: December 31, 2021 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 283,956 $ 283,956 $ — $ — Securities available for sale 132,172 — 132,172 — Other equity securities 9,232 4,985 — 4,247 Loans held for sale 2,400 — 2,400 — Trading assets 1,784 — 1,784 — Loans, net 1,235,456 — 1,237,491 7,718 Bank owned life insurance 22,201 — 22,201 — Annuities 12,888 — 12,888 — Accrued interest receivable 4,170 — 4,170 — Restricted equity securities 2,600 — — 2,600 Financial liabilities: Deposits $ 1,556,451 $ — $ 1,507,190 $ — Trading liabilities 1,843 — 1,843 — FHLB advances 25,950 — 25,926 — Other borrowings 12,498 — 12,498 — Subordinated notes — — — — Accrued interest payable 132 — 132 — Fair Value of Financial Instruments (Continued) December 31, 2020 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 84,907 $ 84,907 $ — $ — Securities available for sale 114,001 — 114,001 — Other equity securities 5,017 5,017 — — Loans held for sale 5,696 — 5,696 — Trading assets 983 — 983 — Loans, net 1,018,256 — 1,030,104 4,392 Bank owned life insurance 22,458 — 22,458 — Annuities 12,903 — 12,903 — Accrued interest receivable 4,243 — 4,243 — Restricted equity securities 3,224 — — 3,224 Financial liabilities: Deposits $ 1,139,661 $ — $ 1,140,979 $ — Trading liabilities 1,013 — 1,013 — FHLB advances 30,900 — 30,962 — Other borrowings 7,975 — 7,975 — Subordinated notes 4,493 — 4,493 — Accrued interest payable 278 — 278 —

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The majority of revenue-generating transactions are excluded from the scope of ASC 606, including revenue generated from financial instruments, such as securities and loans; SBA fees; income on bank owned life insurance contracts; and gains on sales of mortgage loans. Revenue-generating transactions that are within the scope of ASC 606, classified within noninterest income, are described as follows: Service charges on deposit accounts – represent service fees for monthly activity and maintenance on customer accounts. Attributes can be transaction-based, item-based or time-based. Revenue is recognized when the Company’s performance obligation is completed which is generally monthly for maintenance services or when a transaction is processed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Interchange Income – bank card related fees primarily includes interchange income from client use of consumer and business debit cards. Interchange income is a fee paid by a merchant bank to the card-issuing bank through the interchange network. Interchange fees are set by the credit card associations and are based on cardholder purchase volumes. The Company records interchange income as transactions occur. This income is included in other noninterest income on the consolidated statements of income. Gains and Losses from the Sale of Foreclosed Assets – the performance obligation in the sale of foreclosed assets typically will be the delivery of control over the asset to the buyer. If the Company is not financing the sale, the transaction price is typically identified in the purchase and sale agreement. However, if the Company provides seller financing, the Company must determine a transaction price, depending on if the sale contract is at market terms and taking into account the credit risk inherent in the arrangement.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	PARENT COMPANY FINANCIAL INFORMATION The following information presents the condensed balance sheets of Southern States Bancshares, Inc. as of December 31, 2021 and 2020, and the condensed statements of income and cash flows for the years then ended. CONDENSED BALANCE SHEET 2021 2020 Assets: Cash $ 399 $ 161 Investment in subsidiary 188,503 152,671 Other assets 794 319 Total assets 189,696 153,151 Liabilities and stockholders’ equity: Other borrowings $ 12,498 $ 7,975 Subordinated debt — 4,493 Accrued interest — 27 Total liabilities 12,498 12,495 Stockholders’ equity 177,198 140,656 Total liabilities and stockholders’ equity $ 189,696 $ 153,151 CONDENSED STATEMENTS OF INCOME 2021 2020 Income Dividend income from subsidiary $ 2,826 $ 1,842 2,826 1,842 Expense Interest expense 412 675 Other 1,054 847 1,466 1,522 Income before income tax benefits and equity in undistributed earnings of subsidiary 1,360 320 Income tax benefits 294 320 Income before equity in undistributed earnings of subsidiary 1,654 640 Equity in undistributed earnings of subsidiary 16,913 11,467 Net income $ 18,567 $ 12,107 CONDENSED STATEMENTS OF CASH FLOW 2021 2020 OPERATING ACTIVITIES Net income $ 18,567 $ 12,107 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (16,913) (11,467) Stock-based compensation 825 739 (Decrease) increase in accrued interest payable (27) 15 Net other operating expenses (84) (87) Net cash provided by operating activities 2,368 1,307 INVESTING ACTIVITIES Investment in equity securities (360) — Net cash used in investing activities (360) — FINANCING ACTIVITIES Net proceeds of note payable 4,500 — Repayment of subordinated notes (4,500) — Issuance of common stock 21,123 86 Capital contribution to subsidiary (20,000) — Common stock dividends paid (2,892) (1,842) Net cash used in financing activities (1,769) (1,756) Net increase (decrease) in cash 239 (449) Cash at beginning of year 161 610 Cash at end of year $ 400 $ 161

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company conducts transactions with its directors and executive officers, including companies in which such directors and executive officers have a beneficial interest. It is the Company’s policy to comply with federal regulations that require that loan and deposit transactions with directors and executive officers be made on substantially the same terms as those prevailing at the time for comparable loans and deposits to other persons. Deposits from related parties held by the Company at December 31, 2021 and 2020 totaled $8,678 and $9,976, respectively. Changes in related party loans for the years ended December 31, 2021 and 2020 are as follows: December 31, 2021 2020 Balance, beginning of year $ 8,041 $ 6,809 Advances 2,176 3,952 Repayments (2,894) (2,720) Balance, end of year $ 7,323 $ 8,041

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS On February 7, 2022, the Company entered into Subordinated Note Purchase Agreements (each, a “Purchase Agreement”) with certain institutional accredited investors and qualified institutional buyers (the “Purchasers” and each, a "Purchaser") pursuant to which the Company issued and sold in a private offering $48.0 million in aggregate principal amount of its 3.50% Fixed-to-Floating Rate Subordinated notes due 2032 (the “Notes”). The Company used a portion of the net proceeds to repay borrowings under its Line of Credit and to make purchases under the Program and intends to use the remaining proceeds for general corporate purposes, including capital and liquidity to support its growth and further purchases under the Program. The Notes mature on February 7, 2032 and bear interest at an initial fixed rate of 3.50% per annum, payable quarterly in arrears. From and including February 7, 2027, to but excluding the maturity date or early redemption date, the interest rate will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 205 basis points, payable quarterly in arrears. The Company will be entitled to redeem the Notes, in whole or in part, on any interest payment on or after February 7, 2027, and to redeem the Notes in whole upon certain other events.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation and Accounting Estimates	Basis of Presentation and Accounting Estimates The audited consolidated financial statements include the accounts of the Company and its subsidiary. Significant intercompany transactions and balances have been eliminated in consolidation. In preparing the audited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of foreclosed assets, financial instruments, deferred taxes, and other-than-temporary impairment of securities . In connection with the determination of the estimated losses on loans and the valuation of foreclosed assets, management obtains independent appraisals for significant collateral. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. The Company’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its borrowers’ ability to honor their contracts is dependent on local economic conditions. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.
Cash, Cash Equivalents and Cash Flows	Cash, Cash Equivalents and Cash Flows For purposes of reporting cash flows, cash and cash equivalents includes cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold. Cash flows from loans held for sale, loans, restricted equity securities, and deposits are reported net. The Company maintains amounts due from banks which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Bank may be required to maintain reserve balances in cash or on deposit with a correspondent bank for the Federal Reserve Bank, based on a percentage of deposits. The total of those reserve balances was $0 at December 31, 2021 and December 31, 2020.
Securities and Other Equity Securities	Securities The Company classifies its securities into one of two categories based upon management’s intent and ability to hold the securities: (i) securities held to maturity or (ii) securities available for sale. Securities classified as held to maturity are stated at cost adjusted for amortization of premiums and accretion of discounts. Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. The Company has the ability, and it is management’s intention, to hold such securities to maturity. Securities classified as available for sale are recorded at fair value, with unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities available for sale are recorded on the trade date and are determined using the specific identification method. The Company evaluates investment securities for other-than-temporary impairment (OTTI) using relevant accounting guidance on a regular basis. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer including an evaluation of credit ratings, (3) the impact of changes in market interest rates, (4) the intent of the Company to sell a security, and (5) whether it is more likely than not the Company will have to sell the security before recovery of its cost basis. If the Company intends to sell an impaired security, or if it is more likely than not the Company will have to sell the security before recovery of its cost basis, the Company records an other-than-temporary loss in an amount equal to the entire difference between fair value and amortized cost. Otherwise, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss is recognized in other comprehensive income (loss). Other Equity Securities The mutual funds owned by the Bank are classified as equity securities and are carried at fair value with any periodic changes in value recorded through the income statement.
Restricted Equity Securities	Restricted Equity Securities Restricted equity securities are investments that are restricted in marketability. The Company, as a member of the Federal Home Loan Bank (FHLB) system, is required to maintain an investment in capital stock of the FHLB based upon its assets or outstanding advances. The Company has also purchased stock in First National Banker’s Bankshares, Inc. (FNBB), and Pacific Coast Banker’s Bank (PCBB), both correspondent banks. These securities are carried at cost and periodically evaluated for impairment based on ultimate recoverability of par value.
Loans Held for Sale	Loans Held For Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or fair value (LOCOM). For loans carried at LOCOM, gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in noninterest income upon sale of the loan. The estimated fair value of loans held for sale is based on independent third party quoted prices.
Loans and Certain Purchased Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off are reported at their outstanding principal balances less deferred fees and costs on originated loans and the allowance for loan losses. Interest income is accrued on the outstanding principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized as an adjustment of the related loan yield over the life of the loan, using the straight-line method without anticipating prepayments. The accrual of interest on loans is discontinued when, in management’s opinion, the borrower may be unable to meet payments as they become due, or at the time the loan is 90 days past due, unless the loan is well-secured and in the process of collection. In all cases, loans are placed on nonaccrual or charged off at an earlier date if collection of principal and interest is considered doubtful. All interest accrued but not collected for loans that are placed on nonaccrual or charged off is reversed against interest income or charged to the allowance; unless management believes that the accrual of interest is recoverable through the liquidation of collateral. Interest income on nonaccrual loans is recognized on the cash basis, until the loans are returned to accrual status. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current and the loan has been performing according to the contractual terms generally for a period of not less than six months. Certain Purchased Loans Purchased loans are recorded at their fair value at the acquisition date. Credit discounts are included in the determination of fair value; therefore, an allowance for loan losses is not recorded at the acquisition date. Acquired loans are evaluated upon acquisition and classified as either purchased impaired or purchased non-impaired. Purchased impaired loans reflect credit deterioration since origination such that it is probable at acquisition that the Company will be unable to collect all contractually required payments. The purchased impaired loans acquired are subject to the Company’s internal and external credit review and monitoring. If credit deterioration is experienced subsequent to the initial acquisition fair value amount, such deterioration will be measured, and a provision for credit losses will be charged to earnings. Such purchased loans are accounted for individually. The Company estimates the amount and timing of expected cash flows for each purchased loan, and the expected cash flows in excess of the amount paid is recorded as interest income over the remaining life of the loan or pool (accretable yield). The excess of the loan’s contractual principal and interest over expected cash flows is not recorded (nonaccretable difference). Over the life of the loan, expected cash flows will continue to be estimated. If the present value of expected cash flows is less than the carrying amount, a loss is recorded. If the present value of expected cash flows is greater than the carrying amount, it is recognized as part of future interest income. Purchased impaired loans at the time of acquisition are accounted for under ASC 310-30. Purchased non-impaired loans are accounted for under ASC 310-20, with the difference between the fair value and unpaid principal balance of the loan at the acquisition date amortized or accreted to interest income over the estimated life of the loans.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to expense. Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed. Confirmed losses are charged off immediately. Subsequent recoveries, if any, are credited to the allowance. The allowance is an amount that management believes will be adequate to absorb estimated losses relating to specifically identified loans, as well as probable credit losses inherent in the balance of the loan portfolio. The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of loans in light of historical experience, the nature and volume of the loan portfolio, overall portfolio quality, review of specific problem loans, current economic conditions that may affect the borrower’s ability to pay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available. This evaluation does not include the effects of expected losses on specific loans or groups of loans that are related to future events or expected changes in economic conditions. Allowance for Loan Losses (Continued) The allowance consists of specific and general components. The specific component relates to loans that are classified as impaired. For those loans that are classified as impaired, an allowance is established when the discounted cash flows, collateral value, or observable market price of the impaired loan is lower than the carrying value of that loan. The general component covers non-impaired loans and is based on historical loss experience adjusted for qualitative factors. Other adjustments may be made to the allowance for pools of loans after an assessment of internal or external influences on credit quality that are not fully reflected in the historical loss or risk rating data. A loan is considered impaired when it is probable, based on current information and events, the Company will be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement. Loans, for which the terms have been modified at the borrower’s request, and for which the borrower is experiencing financial difficulties, are considered troubled debt restructurings and classified as impaired. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest when due. Loans that experience insignificant payment delays and payment shortfalls are not generally classified as impaired. Impaired loans are measured by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Interest on accruing impaired loans is recognized as long as such loans do not meet the criteria for nonaccrual status. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. The Company’s allowance is allocated among commercial real estate loans, real estate construction and development loans, residential real estate loans, commercial and industrial loans, and consumer loans. The general allocations to these loan pools are based on the historical loss rates for specific loan types and the internal risk grade, if applicable, adjusted for both internal and external qualitative risk factors. The qualitative factors considered by management include, among other factors, (1) changes in local and national economic conditions; (2) changes in asset quality and foreclosure rates; (3) changes in loan portfolio volume; (4) the composition and concentrations of credit; (5) the impact of competition on loan structuring and pricing; (6) the experience and ability of lending personnel and management; (7) effectiveness of the Company’s loan policies, procedures and internal controls; (8) current conditions in the real estate and construction markets; (9) the effect of entrance into new markets or the offering of a new product; (10) the loan review system and oversight of the Board of Directors. The total allowance established for each homogeneous loan pool represents the product of the historical loss ratio adjusted for internal and external factors and the total dollar amount of the loans in the pool.
Troubled Debt Restructurings	Troubled Debt Restructurings A loan is considered a troubled debt restructuring (TDR) based on individual facts and circumstances. The Company designates loan modifications as TDRs when for economic or legal reasons related to the borrower’s financial difficulties, it grants a concession to the borrower that it would not otherwise consider. These concessions may include rate reductions, principal forgiveness, extension of maturity date and other actions intended to minimize potential losses. In determining whether a borrower is experiencing financial difficulties, the Company considers if the borrower is in payment default or would be in payment default in the foreseeable future without the modification, the borrower declared or is in the process of declaring bankruptcy, the borrower’s projected cash flows will not be sufficient to service any of its debt, or the borrower cannot obtain funds from sources other than the Company at a market rate for debt with similar risk characteristics. In determining whether the Company has granted a concession, the Company assesses, if it does not expect to collect all amounts due, whether the current value of the collateral will satisfy the amounts owed, whether additional collateral or guarantees from the borrower will serve as adequate compensation for other terms of the restructuring, and whether the borrower otherwise has access to funds at a market rate for debt with similar risk characteristics.
Premises and Equipment	Premises and Equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are reflected in income. The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7
Leases	LeasesThe Bank leases various premises and equipment. At the inception of the contract, the Bank determines if an arrangement is or contains a lease and will recognize on the balance sheet a lease asset for its right to use the underlying asset (“ROU”) and a lease liability for the corresponding lease obligation for contracts longer than a year. Both the asset and liability are initially measured at the present value of the future minimum lease payments over the lease term. In determining the present value of lease payments, the Bank uses our incremental borrowing rate as the discount rate for the leases.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company - put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Foreclosed Assets	Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling costs. Any write-down to fair value at the time of transfer to foreclosed assets is charged to the allowance for loan losses. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Costs of improvements are capitalized, whereas costs related to holding foreclosed assets and subsequent write-downs to the value are expensed . Any gains and losses realized at the time of disposal are reflected in income.
Goodwill and Core Deposit Intangible	Goodwill Goodwill represents the excess of the amount paid over the fair value of the net assets at the date of acquisition. Goodwill is subject to an annual evaluation of impairment. If desired, the Company can assess qualitative factors to determine if comparing the carrying value of the reporting unit to its fair value is necessary. Should the fair value be less than the carrying value, an impairment write-down would be taken. Based on its assessment of qualitative factors, the Company determined that no impairment exists at December 31, 2021. Goodwill is not amortized but is evaluated for impairment on an annual basis or whenever an event occurs or circumstances change to indicate that it is more likely than not that an impairment loss has been incurred (i.e., a triggering event). The Company performed a goodwill impairment test in December 2021. The qualitative factors considered in determining if fair value of the unit was less than the carrying amount were economic conditions related to the COVID-19 virus and the change in the interest rate environment. A quantitative assessment of goodwill impairment included determining the estimated fair value of Company using a market-based approach. It was determined there was no impairment. Core Deposit Intangible A core deposit intangible is initially recognized based on a valuation of acquired deposits performed as of the acquisition date. The core deposit intangible is amortized over the average remaining life of the acquired customer deposits, or approximately 7 years. The intangible asset is reviewed annually for events or circumstances that could negatively impact the recoverability of the intangible. These events could include loss of core deposits, increased competition, or adverse changes in the economy. To the extent this intangible asset is deemed unrecoverable, an impairment charge would be recorded. The Company maintains steady deposit growth across our markets and continues to attract new customer deposits. The intangible asset was evaluated for impairment as of December 31, 2021 and based on that evaluation there was no impairment.
Accounting Policy for Derivative Instruments and Hedging Activities	Accounting Policy for Derivative Instruments and Hedging Activities FASB ASC 815, Derivatives and Hedging (“ASC 815”), provides the disclosure requirements for derivatives and hedging activities with the intent to provide users of financial statements with an enhanced understanding of: (a) how and why an entity uses derivative instruments, (b) how the entity accounts for derivative instruments and related hedged items, and (c) how derivative instruments and related hedged items affect an entity’s financial position, financial performance, and cash flows. Further, qualitative disclosures are required that explain the Company’s objectives and strategies for using derivatives, as well as quantitative disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related contingent features in derivative instruments. As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance in ASU 2011-04, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.
Income Taxes	Income Taxes Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Income Taxes (Continued) Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets may be reduced by deferred tax liabilities and a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Management believes that the Company will generate sufficient operating earnings to realize the deferred tax benefits.
Stock Compensation Plans	Stock Compensation Plans Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options and warrants, restricted stock plans, performance-based awards, share appreciation rights, and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the estimated market price of the Company’s common stock at the date of grant is used for restricted stock awards and stock grants.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimates using relevant market information and other assumptions, as more fully disclosed in Note 17. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Revenue Recognition	Revenue RecognitionOn January 1, 2019, the Company adopted ASC 606 and all subsequent amendments (collectively ASC 606) which (1) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (2) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as foreclosed assets. The majority of the Company’s revenues come from interest income and other sources, including loans and securities that are outside the scope of ASC 606. With the exception of gains/losses on sale of foreclosed assets, the Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligations to the customer. Services within the scope of ASC 606 reported in noninterest income include service charges on deposit accounts, bank card services and interchange fees, and ATM fees.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016 the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842)” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and by disclosing key information about leasing arrangements. ASU 2016-02 requires organizations that lease assets (lessees) to recognize on the balance sheet the assets and liabilities for the rights and obligations created by the lease for all operating leases under current U.S. GAAP with a term of more than 12 months. The ASU is effective for non public business entities for fiscal years beginning after December 15, 2021. Early adoption is permitted. The ASU should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted ASU 2016-02 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In July 2018 the FASB issued ASU 2018-11, “Leases –Targeted Improvements” to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect not to separate lease and non-lease components when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2022 for the Company). The Company adopted ASU 2018-11 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In June 2016 the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The new guidance will apply to most financial assets measured at amortized cost and certain other instruments including loans, debt securities held to maturity, net investments in leases and off-balance sheet credit exposures. The guidance will replace the current incurred loss accounting model that delays recognition of a loss until it is probable a loss has been incurred with an expected loss model that reflects expected credit losses based upon a broader range of estimates including consideration of past events, current conditions and supportable forecasts. The guidance also eliminates the current accounting model for purchased credit impaired loans and debt securities, which will require re-measurement of the related allowance at each reporting period. The guidance includes enhanced disclosure requirements intended to help financial statement users better understand estimates and judgement used in estimating credit losses. As originally issued, ASU 2016-13 was effective for financial statements issued for fiscal years and for interim periods within those fiscal years beginning after December 15, 2020, with institutions required to apply the changes through a cumulative-effect adjustment to their retained earnings balance as of the beginning of the first reporting period in which the guidance is effective. On October 16, 2019, the FASB approved a delay in the implementation of ASU 2016-13 by two years for non pubic business entities and SEC filers that qualify as smaller reporting companies, including the Company. Management has been in the process of developing a revised model to calculate the allowance for loan and leases losses upon implementation of ASU 2016-13 in order to determine the impact on the Company’s consolidated financial statements and, at this time, expects to recognize a one-time cumulative effect adjustment to the allowance for loan and lease losses as of the beginning of the first reporting period in which the new standard is effective. The magnitude of any such one-time adjustments is not yet known but is not anticipated to be material. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12). The purpose of this updated guidance is to better align a company’s financial reporting for hedging activities with the economic objectives of those activities. ASU 2017-12 is effective for other than public business entities for fiscal years beginning after December 15, 2020, with early adoption, including adoption in an interim period, permitted. ASU 2017-12 requires a modified retrospective transition method in which the Company will recognize the cumulative effect of the change on the opening balance of each affected component of equity in the statement of financial position as of the date of adoption. The amended presentation and disclosure guidance is required only prospectively. The Company did not experience any impact on the Company’s consolidated financial position, results of operations or cash flows as a result of ASU 2017-12.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Property, Plant and Equipment	The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Premises and equipment is summarized as follows: December 31, 2021 2020 Land and land improvements $ 8,169 $ 8,169 Building 22,604 21,109 Furniture and equipment 4,785 7,260 35,558 36,538 Accumulated depreciation (8,514) (12,112) Total premises and equipment $ 27,044 $ 24,426

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	For the Years Ended 2021 2020 Basic Earnings Per Share: Net Income $ 18,567 $ 12,107 Weighted average common shares outstanding 8,198,188 7,673,085 Basic earnings per share $ 2.26 $ 1.58 Diluted Earnings Per Share: Net income allocated to common shareholders $ 18,538 $ 12,095 Weighted average common shares outstanding 8,198,188 7,673,085 Net dilutive effect of: Assumed exercises of stock options 118,348 92,778 Average shares and dilutive potential common shares 8,316,536 7,765,863 Dilutive earnings per share $ 2.23 $ 1.56

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The amortized cost and fair value of securities at December 31, 2021 and December 31, 2020 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2021 Securities Available for Sale U.S. Treasury securities $ 7,820 $ 22 $ (20) $ 7,822 U.S. Government Sponsored Enterprises (GSEs) 9,228 68 (103) 9,193 State and municipal securities 54,236 2,611 (66) 56,781 Corporate debt securities 10,530 289 (35) 10,784 Asset based securities 10,380 116 (24) 10,472 Mortgage-backed GSE residential/multifamily and non-GSE 37,123 185 (188) 37,120 Total securities available for sale $ 129,317 $ 3,291 $ (436) $ 132,172 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities 19,672 364 (126) 19,910 Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082 Amortized Gross Gross Fair Value December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) 9,154 246 (34) 9,366 State and municipal securities 64,468 3,531 (58) 67,941 Corporate debt securities 8,286 188 (5) 8,469 Asset based securities 9,035 76 — 9,111 Mortgage-backed GSE residential/multifamily and non-GSE 18,753 394 (33) 19,114 Total securities available for sale $ 109,696 $ 4,435 $ (130) $ 114,001 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities — — — — Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ — $ — $ — $ — Total securities $ 109,696 $ 4,435 $ (130) $ 114,001
Schedule of Debt Securities, Held-to-maturity	The amortized cost and fair value of securities at December 31, 2021 and December 31, 2020 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2021 Securities Available for Sale U.S. Treasury securities $ 7,820 $ 22 $ (20) $ 7,822 U.S. Government Sponsored Enterprises (GSEs) 9,228 68 (103) 9,193 State and municipal securities 54,236 2,611 (66) 56,781 Corporate debt securities 10,530 289 (35) 10,784 Asset based securities 10,380 116 (24) 10,472 Mortgage-backed GSE residential/multifamily and non-GSE 37,123 185 (188) 37,120 Total securities available for sale $ 129,317 $ 3,291 $ (436) $ 132,172 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities 19,672 364 (126) 19,910 Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082 Amortized Gross Gross Fair Value December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) 9,154 246 (34) 9,366 State and municipal securities 64,468 3,531 (58) 67,941 Corporate debt securities 8,286 188 (5) 8,469 Asset based securities 9,035 76 — 9,111 Mortgage-backed GSE residential/multifamily and non-GSE 18,753 394 (33) 19,114 Total securities available for sale $ 109,696 $ 4,435 $ (130) $ 114,001 Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — State and municipal securities — — — — Corporate debt securities — — — — Asset based securities — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — Total securities held to maturity $ — $ — $ — $ — Total securities $ 109,696 $ 4,435 $ (130) $ 114,001
Schedule of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of securities available for sale and securities held to maturity as of December 31, 2021 and December 31, 2020 by contractual maturity are shown below. Actual maturities may differ from contractual maturities in mortgage-backed securities because the mortgages underlying the securities may be called or repaid with or without penalty. Therefore, these securities are not included by maturity in the following summary: December 31, 2021 2020 Amortized Cost Fair Value Amortized Cost Fair Value Securities Available for Sale Due in less than one year $ 302 $ 302 $ — $ — Due from one year to five years 2,766 2,790 1,200 1,241 Due after five to ten years 26,475 26,764 15,518 15,873 Due after ten years 62,651 65,196 74,225 77,773 Mortgage-backed securities 37,123 37,120 18,753 19,114 Total securities available for sale $ 129,317 $ 132,172 $ 109,696 $ 114,001 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 1,100 1,115 — — Due after ten years 18,572 18,795 — — Mortgage-backed securities — — — — Total securities held to maturity $ 19,672 $ 19,910 $ — $ — Total securities $ 148,989 $ 152,082 $ 109,696 $ 114,001
Schedule of Realized Gain (Loss)	Gains and losses on sales of securities available for sale for the years ended December 31, 2021 and December 31, 2020 consist of the following: Years Ended December 31, 2021 2020 Gross gains $ 862 $ 765 Gross losses (919) (23) Net realized gains (losses) $ (57) $ 742
Schedule of Restricted Investments	Restricted equity securities as of December 31, 2021 and December 31, 2020 consist of the following: December 31, 2021 2020 Federal Home Loan Bank stock $ 1,675 $ 2,299 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 2,600 $ 3,224
Schedule of Available-for-sale in Continuous Unrealized Loss Position	The following table shows the gross unrealized losses and fair value of securities, aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2021 and December 31, 2020. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2021 Securities Available for Sale U.S. Treasury securities $ (20) $ 5,347 $ — $ — $ (20) U.S. Government Sponsored Enterprises (GSEs) (57) 1,946 (46) 1,899 (103) State and municipal securities (66) 6,270 — — (66) Corporate debt securities (35) 2,995 — — (35) Asset based securities (21) 2,842 (3) 879 (24) Mortgage-backed GSE residential/multifamily and non-GSE (158) 16,226 (30) 2,749 (188) Total securities available for sale $ (357) $ 35,626 $ (79) $ 5,527 $ (436) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities (126) 6,450 — — (126) Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562) Temporarily Impaired Securities (Continued) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) (34) 2,051 — — (34) State and municipal securities (58) 4,979 — — (58) Corporate debt securities (5) 1,495 — — (5) Asset based securities — 960 — — — Mortgage-backed GSE residential/multifamily and non-GSE (33) 6,643 — — (33) Total securities available for sale $ (130) $ 16,128 $ — $ — $ (130) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities — — — — — Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ — $ — $ — $ — $ — Total securities $ (130) $ 16,128 $ — $ — $ (130)
Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	The following table shows the gross unrealized losses and fair value of securities, aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2021 and December 31, 2020. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2021 Securities Available for Sale U.S. Treasury securities $ (20) $ 5,347 $ — $ — $ (20) U.S. Government Sponsored Enterprises (GSEs) (57) 1,946 (46) 1,899 (103) State and municipal securities (66) 6,270 — — (66) Corporate debt securities (35) 2,995 — — (35) Asset based securities (21) 2,842 (3) 879 (24) Mortgage-backed GSE residential/multifamily and non-GSE (158) 16,226 (30) 2,749 (188) Total securities available for sale $ (357) $ 35,626 $ (79) $ 5,527 $ (436) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities (126) 6,450 — — (126) Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562) Temporarily Impaired Securities (Continued) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2020 Securities Available for Sale U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) (34) 2,051 — — (34) State and municipal securities (58) 4,979 — — (58) Corporate debt securities (5) 1,495 — — (5) Asset based securities — 960 — — — Mortgage-backed GSE residential/multifamily and non-GSE (33) 6,643 — — (33) Total securities available for sale $ (130) $ 16,128 $ — $ — $ (130) Securities Held to Maturity U.S. Treasury securities $ — $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) — — — — — State and municipal securities — — — — — Corporate debt securities — — — — — Asset based securities — — — — — Mortgage-backed GSE residential/multifamily and non-GSE — — — — — Total securities held to maturity $ — $ — $ — $ — $ — Total securities $ (130) $ 16,128 $ — $ — $ (130)

LOANS (Tables)

LOANS (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule of Composition of Loans	The composition of loans, excluding loans held for sale, is summarized as follows: December 31, 2021 2020 Amount % of Amount % of (in thousands, except percentages) Real estate mortgages: Construction and development $ 174,480 13.9% $ 102,559 9.9% Residential 147,490 11.8% 152,212 14.7% Commercial 716,541 57.1% 514,923 49.8% Commercial and industrial 206,897 16.5% 254,395 24.6% Consumer and other 8,709 0.7% 9,644 1.0% Gross Loans 1,254,117 100.0% 1,033,733 100.0% Deferred loan fees (3,817) (3,618) Allowance for loan losses (14,844) (11,859) Loans, net $ 1,235,456 $ 1,018,256
Schedule of Financing Receivable Credit Quality Indicators	The following tables summarize the risk category of the Company’s loan portfolio based upon the most recent analysis performed as of December 31, 2021 and December 31, 2020: Pass Special Substandard Doubtful Total (dollars in thousands) As of December 31, 2021 Real estate mortgages: Construction and development $ 168,751 $ 388 $ 5,341 $ — $ 174,480 Residential 142,782 3,554 1,154 — 147,490 Commercial 691,863 16,371 8,307 — 716,541 Commercial and industrial 203,630 2,960 73 234 206,897 Consumer and other 8,682 21 6 — 8,709 Total: $ 1,215,708 $ 23,294 $ 14,881 $ 234 $ 1,254,117 As of December 31, 2020 Real estate mortgages: Construction and development $ 95,214 $ 6,113 $ 1,232 $ — $ 102,559 Residential 144,256 6,245 1,627 84 152,212 Commercial 471,555 36,754 6,614 — 514,923 Commercial and industrial 240,646 13,138 611 — 254,395 Consumer and other 8,186 1,435 23 — 9,644 Total: $ 959,857 $ 63,685 $ 10,107 $ 84 $ 1,033,733
Schedule of Aging Analysis	The following tables present the aging of the recorded investment in loans as of December 31, 2021 and December 31, 2020: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual Total As of December 31, 2021 Real estate mortgages: Construction and development $ 173,027 $ 62 $ 746 $ 299 $ 1,107 $ 346 $ 174,480 Residential 146,871 129 128 195 452 167 147,490 Commercial 714,092 1,775 — — 1,775 674 716,541 Commercial and industrial 206,027 99 486 — 585 285 206,897 Consumer and other 8,673 30 — — 30 6 8,709 Total: $ 1,248,690 $ 2,095 $ 1,360 $ 494 $ 3,949 $ 1,478 $ 1,254,117 As of December 31, 2020 Real estate mortgages: Construction and development $ 101,375 $ 117 $ 90 $ — $ 207 $ 977 $ 102,559 Residential 150,837 382 94 42 518 857 152,212 Commercial 512,208 1,196 — 41 1,237 1,478 514,923 Commercial and industrial 252,473 626 1,212 — 1,838 84 254,395 Consumer and other 9,581 18 15 8 41 22 9,644 Total: $ 1,026,474 $ 2,339 $ 1,411 $ 91 $ 3,841 $ 3,418 $ 1,033,733
Schedule of Allowance for Credit Loss	The following tables detail activity in the allowance for loan losses by portfolio segment as of December 31, 2021 and December 31, 2020. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Provision (credit) for loan losses 3,516 (458) (76) 2,982 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 25 15 9 49 Ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Ending balance - individually evaluated for impairment $ 340 $ 292 $ 3 $ 635 Ending balance - collectively evaluated for impairment 11,145 2,874 121 14,140 Ending balance - loans acquired with deteriorated credit quality 69 — — 69 Total ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Loans: Ending balance - individually evaluated for impairment $ 14,742 $ 307 $ 26 $ 15,075 Ending balance - collectively evaluated for impairment 1,022,497 206,590 8,683 1,237,770 Ending balance - loans acquired with deteriorated credit quality 1,272 — — 1,272 Total ending balance at December 31, 2021 $ 1,038,511 $ 206,897 $ 8,709 $ 1,254,117 Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2019 $ 7,254 $ 1,885 $ 126 $ 9,265 Provision for loan losses 1,702 1,598 — 3,300 Loans charged off (908) — (18) (926) Recoveries of loans previously charged off 9 126 85 220 Ending balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Ending balance - individually evaluated for impairment $ 1,352 $ 478 $ 7 $ 1,837 Ending balance - collectively evaluated for impairment 6,476 3,131 186 9,793 Ending balance - loans acquired with deteriorated credit quality 229 — — 229 Total ending balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Loans: Ending balance - individually evaluated for impairment $ 11,527 $ 856 $ 37 $ 12,420 Ending balance - collectively evaluated for impairment 756,489 253,539 9,607 1,019,635 Ending balance - loans acquired with deteriorated credit quality 1,678 — — 1,678 Total ending balance at December 31, 2020 $ 769,694 $ 254,395 $ 9,644 $ 1,033,733
Schedule of Impaired Loans	A loan held for investment is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due (both principal and interest) according to the terms of the loan agreement. The following tables detail our impaired loans, by portfolio class as of December 31, 2021 and December 31, 2020. Recorded Unpaid Related Average Interest Income Recognized December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 $ 205 Residential 1,081 1,081 — 1,090 90 Commercial 7,992 7,992 — 7,993 440 Commercial and industrial 22 22 — 25 3 Consumer and other 15 15 — 16 1 Total with no related allowance recorded 14,368 14,368 — 14,385 739 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 $ 10 Residential 633 704 125 636 27 Commercial 680 680 136 682 32 Commercial and industrial 285 285 292 289 18 Consumer and other 11 11 3 11 1 Total with an allowance recorded 1,979 2,050 704 1,988 88 Total impaired loans: $ 16,347 $ 16,418 $ 704 $ 16,373 $ 827 Recorded Unpaid Related Average Interest Income Recognized December 31, 2020 With no related allowance recorded: Real estate mortgages: Construction and development $ 977 $ 977 $ — $ 970 $ 18 Residential 1,537 1,537 — 1,669 93 Commercial 5,117 5,117 — 5,425 290 Commercial and industrial 65 65 — 91 6 Consumer and other 22 22 — 24 2 Total with no related allowance recorded 7,718 7,718 — 8,179 $ 409 With an allowance recorded: Real estate mortgages: Construction and development 644 644 106 668 $ 34 Residential 1,557 1,628 628 1,636 82 Commercial 3,373 3,373 847 3,526 194 Commercial and industrial 791 791 478 886 58 Consumer and other 15 15 7 15 — Total with an allowance recorded 6,380 6,451 2,066 6,731 368 Total impaired loans: $ 14,098 $ 14,169 $ 2,066 $ 14,910 $ 777
Schedule of Troubled Debt Restructuring	The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2021 and 2020. Troubled Debt Restructurings Recorded Recorded Investment Investment Impact on the Number Prior to After Allowance for of Loans Modification Modification Loan Losses December 31, 2021 Real estate mortgages: Construction and development 2 $ 189 $ 178 $ 63 Residential 1 3 — — Commercial 2 537 510 — Commercial and industrial — — — — Consumer and other — — — — Total 5 $ 729 $ 688 $ 63 December 31, 2020 Real estate mortgages: Construction and development — $ — $ — $ — Residential — — — — Commercial — — — — Commercial and industrial 1 277 271 271 Consumer and other 1 16 15 7 Total 2 $ 293 $ 286 $ 278

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Repossessed Assets [Abstract]
Schedule of Foreclosed Assets	A summary of foreclosed assets is presented as follows: December 31, 2021 2020 Balance, beginning of year $ 10,224 $ 7,042 Acquired through settlement of loans 100 10,088 Sales proceeds (7,187) (5,910) Write-downs — (920) Net gain (loss) on sales of foreclosed assets (207) 76 Receivable from SBA — (152) Balance, end of year $ 2,930 $ 10,224 Net expenses related to foreclosed assets include the following: December 31, 2021 2020 Net (gain) loss on sales of foreclosed assets $ 207 $ (76) Write-downs — 920 Operating expenses, net of rental income (366) 102 Net (income) expense $ (159) $ 946

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Premises and equipment is summarized as follows: December 31, 2021 2020 Land and land improvements $ 8,169 $ 8,169 Building 22,604 21,109 Furniture and equipment 4,785 7,260 35,558 36,538 Accumulated depreciation (8,514) (12,112) Total premises and equipment $ 27,044 $ 24,426

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	Future minimum lease payments, as of December 31, 2021, on the leases described above, excluding any renewal options, are summarized as follows: 2022 $ 160 2023 143 2024 58 $ 361 Future obligations over the primary and renewal option terms of the Company’s long-term operating leases as of December 31, 2021, were as follows: 2022 $ 156 2023 143 2024 58 Total Lease Payments 357 Less: Interest (18) Operating Lease Liability $ 339
Schedule of Lease Cost	The table below summarizes information related to the Company's operating leases as of and for the year ended December 31, 2021: Operating lease right-of-use assets $ 338 Operating lease liabilities $ 339 Weighted average remaining operating lease term (in years) 1.7 Weighted average operating lease discount rate 4.5 %

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Composition of Deposits	Major classifications of deposits are as follows: December 31, 2021 2020 Noninterest-bearing transaction $ 541,546 $ 290,867 Interest-bearing transaction 704,326 475,757 Savings 56,715 42,731 Time deposits, $250,000 and under 224,556 293,707 Time deposits, over $250,000 29,308 36,599 $ 1,556,451 $ 1,139,661
Time Deposit Maturities	Brokered deposits totaled $34,110 at December 31, 2021 and $34,151 at December 31, 2020. The scheduled maturities of time deposits at December 31, 2021 are as follows: 2022 $ 212,370 2023 19,162 2024 17,192 2025 3,402 2026 1,552 Thereafter 186 Total $ 253,864

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Note payable and subordinated notes consist of the following: December 31, 2021 2020 Short-term variable $25 million line of credit with interest due quarterly at 90-Day LIBOR + 2.50%, maturity August 2022. $ 12,498 $ 7,975 Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2023 and interest rates ranging from 0.31% to 0.57%. 25,950 30,900 Subordinated notes with interest due semi-annually beginning January 1, 2017 at a fixed rate of 6.625% through July 2021, then quarterly interest due based on LIBOR + 5.412% through maturity on July 1, 2026. — 4,493 $ 38,448 $ 43,368
Schedule of Maturities of Long-term Debt	Contractual maturities of other borrowings as of December 31, 2021 are as follows: 2022 $ 32,448 2023 6,000 Total $ 38,448

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments on the Balance Sheet	December 31, 2021 December 31, 2020 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products $ 49,664 Other Assets $ 983 Interest Rate Products 77,534 Other Liabilities (1,843) Interest Rate Products 49,664 Other Liabilities (1,013)

EMPLOYEE AND DIRECTOR BENEFITS

EMPLOYEE AND DIRECTOR BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Schedule of Option Activity	Other pertinent information related to the options is as follows: Number Weighted Average Exercise Price Year Ended December 31, 2021 Options outstanding, beginning of year 480,478 $ 14.95 Granted 33,294 20.03 Exercised (10,000) 10.00 Forfeited (2,280) 20.10 Options outstanding, end of year 501,492 $ 15.37 Weighted average remaining contractual life 6.46 years Exercisable, end of year 327,526 $ 13.79 Year Ended December 31, 2020 Options outstanding, beginning of year 373,392 $ 13.55 Granted 113,086 19.49 Exercised (1,000) 10.00 Forfeited (5,000) 14.20 Options outstanding, end of year 480,478 $ 14.95 Weighted average remaining contractual life 7.26 years Exercisable, end of year 216,677 $ 12.67
Schedule of Exercisable Options	Exercisable options at December 31, 2021 were as follows: Exercise Price Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (dollars in thousands) $ 10.00 115,000 $ 10.00 4.09 $ 1,101 14.00 24,000 14.00 5.33 134 14.00 7,200 14.00 5.67 40 14.00 4,000 14.00 6.00 22 14.50 73,000 14.50 6.09 370 14.50 9,000 14.50 6.42 46 14.50 4,800 14.50 6.92 24 16.00 50,261 16.00 7.09 179 22.75 6,000 22.75 7.84 — 20.10 20,512 20.10 8.09 — 20.10 9,753 20.10 8.18 — 14.98 2,000 14.98 8.84 9 18.34 2,000 18.34 9.01 2 327,526 $ 13.79 5.75 $ 1,927
Schedule of Weighted Average Assumptions	The following weighted average assumptions were used in the calculations for 2021 and 2020 as follows: December 31, 2021 2020 Dividend yield 2.50% 2.50% Weighted average volatility 65.43% 29.15% Expected life in years 6.50 years 6.68 years Risk-free interest rate 0.81% 1.56% Weighted average grant-date fair value $ 9.77 $ 4.22
Schedule of Nonvested Restricted Stock	Nonvested restricted stock consists of the following: Number Weighted Average Exercise Price Year Ended December 31, 2021 Nonvested, beginning of year 39,169 $ 17.80 Granted 24,985 20.03 Forfeited — — Vested (24,840) 17.36 Nonvested, end of year 39,314 $ 19.50 Year Ended December 31, 2020 Nonvested, beginning of year 34,389 $ 16.06 Granted 22,869 19.35 Forfeited (268) 20.10 Vested (17,821) 16.39 Nonvested, end of year 39,169 $ 17.80

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense consists of the following: Years Ended December 31, 2021 2020 Current $ 6,705 $ 4,113 Deferred (973) (1,587) Income tax expense $ 5,732 $ 2,526
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the differences as of December 31, 2021 and 2020 is as follows: Years Ended December 31, 2021 2020 Income tax expense at federal statutory rate $ 5,102 $ 3,073 State income tax 879 465 Tax exempt income (210) (170) Nondeductible merger (credit) expenses 134 (685) Other (173) (157) Income tax expense $ 5,732 $ 2,526
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income taxes are as follows: December 31, 2021 2020 Deferred income tax assets: Loan loss reserves $ 3,812 $ 2,982 Pre-opening and organization expenses 15 36 Deferred compensation 1,055 904 Intangible assets created from asset purchase 34 40 Loans purchased at a premium 68 142 Restricted stock 40 32 Deferred origination fees 795 642 5,819 4,778 Deferred income tax liabilities: Loans purchased at a discount 136 163 Depreciation 325 208 Intangible assets created from stock purchase 393 461 Other 161 115 Unrealized gain on securities available for sale 743 1,122 1,758 2,069 Net deferred income tax asset $ 4,061 $ 2,709

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loan Commitments	A summary of the Company’s commitments is as follows: December 31, 2021 2020 Commitments to extend credit $ 314,194 $ 181,925 Standby letters of credit 3,434 2,814 Total $ 317,628 $ 184,739

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2021
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Regulatory Capital and Ratios	As of December 31, 2021, the Company and the Bank believe they are each well capitalized on a consolidated basis for bank regulatory purposes as their respective capital ratios exceed minimum total Tier 1 and CET1 risk-based capital ratios and Tier 1 leverage capital ratios as set forth in the following table. As a bank holding company with less than $3 billion in total consolidated assets, the Company is eligible to be treated as a “small bank holding company” under the Federal Reserve’s Small Bank Holding Company and Savings and Loan Holding Company Policy Statement. As a result, the Company’s capital adequacy is evaluated at the bank level and on a parent-only basis, and it is not subject to consolidated capital standards for regulatory purposes. The ratios set forth below as to the Company are for illustrative purposes in the event it were to become subject to consolidated capital standards for regulatory purposes. The column styled “Required for Capital Adequacy Purposes” includes the 2.5% capital conservation buffer. Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 capital (to average assets) Company $ 156,723 9.74 % $ 64,376 4.00 % $ — — Bank $ 168,027 10.44 % $ 64,376 4.00 % $ 80,470 5.00 % CET 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 106,019 7.00 % $ — — Bank $ 168,027 11.09 % $ 106,019 7.00 % $ 98,446 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 128,737 8.50 % $ — — Bank $ 168,027 11.09 % $ 128,737 8.50 % $ 121,164 8.00 % Total capital (to risk-weighted assets) Company $ 171,567 11.33 % $ 159,028 10.50 % $ — — Bank $ 182,871 12.07 % $ 159,028 10.50 % $ 151,455 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Tier 1 capital (to average assets) Company $ 118,837 9.24 % $ 51,426 4.00 % $ — — Bank $ 130,852 10.18 % $ 51,426 4.00 % $ 77,139 5.00 % CET 1 capital (to risk-weighted assets) Company $ 118,837 10.63 % $ 78,257 7.00 % $ — — Bank $ 130,852 11.70 % $ 78,257 7.00 % $ 72,667 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 118,837 10.63 % $ 95,026 8.50 % $ — — Bank $ 130,852 11.70 % $ 95,026 8.50 % $ 89,436 8.00 % Total capital (to risk-weighted assets) Company $ 135,196 12.09 % $ 117,835 10.50 % $ — — Bank $ 142,711 12.77 % $ 117,835 10.50 % $ 117,795 10.00 %

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Information related to the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021 and December 31, 2020 is as follows: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2021 U.S. Treasury securities $ 7,822 $ — $ 7,822 $ — U.S. Government Sponsored Enterprises (GSEs) 9,193 — 9,193 — State and municipal securities 56,781 — 56,781 — Corporate debt securities 10,784 — 10,784 — Asset based securities 10,472 — 10,472 — Mortgage-backed GSE residential/multifamily and non GSE 37,120 — 37,120 — Other equity securities 9,232 4,985 — 4,247 Interest Rate Products - asset 1,784 — 1,784 — Interest Rate Products - liabilities (1,843) — (1,843) — December 31, 2020 U.S. Treasury securities $ — $ — $ — $ — U.S. Government Sponsored Enterprises (GSEs) 9,366 — 9,366 — State and municipal securities 67,941 — 67,941 — Corporate debt securities 8,469 — 8,469 — Asset based securities 9,111 — 9,111 — Mortgage-backed GSE residential/multifamily and non-GSE 19,114 — 19,114 — Other equity securities 5,017 5,017 — — Interest Rate Products - asset 983 — 983 — Interest Rate Products - liabilities (1,013) — (1,013) — The carrying amount and estimated fair value of the Company’s financial instruments were as follows: December 31, 2021 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 283,956 $ 283,956 $ — $ — Securities available for sale 132,172 — 132,172 — Other equity securities 9,232 4,985 — 4,247 Loans held for sale 2,400 — 2,400 — Trading assets 1,784 — 1,784 — Loans, net 1,235,456 — 1,237,491 7,718 Bank owned life insurance 22,201 — 22,201 — Annuities 12,888 — 12,888 — Accrued interest receivable 4,170 — 4,170 — Restricted equity securities 2,600 — — 2,600 Financial liabilities: Deposits $ 1,556,451 $ — $ 1,507,190 $ — Trading liabilities 1,843 — 1,843 — FHLB advances 25,950 — 25,926 — Other borrowings 12,498 — 12,498 — Subordinated notes — — — — Accrued interest payable 132 — 132 — Fair Value of Financial Instruments (Continued) December 31, 2020 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 84,907 $ 84,907 $ — $ — Securities available for sale 114,001 — 114,001 — Other equity securities 5,017 5,017 — — Loans held for sale 5,696 — 5,696 — Trading assets 983 — 983 — Loans, net 1,018,256 — 1,030,104 4,392 Bank owned life insurance 22,458 — 22,458 — Annuities 12,903 — 12,903 — Accrued interest receivable 4,243 — 4,243 — Restricted equity securities 3,224 — — 3,224 Financial liabilities: Deposits $ 1,139,661 $ — $ 1,140,979 $ — Trading liabilities 1,013 — 1,013 — FHLB advances 30,900 — 30,962 — Other borrowings 7,975 — 7,975 — Subordinated notes 4,493 — 4,493 — Accrued interest payable 278 — 278 —
Fair Value Measurements, Nonrecurring	Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2021 Impaired loans $ 7,718 $ — $ — $ 7,718 Foreclosed assets 2,930 — — 2,930 Totals $ 10,648 $ — $ — 10,648 Fair Value Quoted Prices Significant Other Significant December 31, 2020 Impaired loans $ 4,392 $ — $ — $ 4,392 Foreclosed assets 10,224 — — 10,224 Totals $ 14,616 $ — $ — 14,616
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2021 and 2020 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy measured at fair value on a recurring basis. December 31, 2021 2020 Carrying value, beginning of period $ — $ — Purchases 4,000 — Net realized gains 247 — Carrying value, end of period $ 4,247 $ —
Fair Value Measurement Inputs and Valuation Techniques	For Level 3 assets measured at fair value on a recurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Recurring: Other equity securities $ 4,247 Discounted cash flow Discount rate (%) N/A For Level 3 assets measured at fair value on a recurring basis as of December 31, 2020, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Recurring: Other equity securities $ — Discounted cash flow Discount rate (%) N/A For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2021, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Nonrecurring: Impaired loans $ 7,718 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 2,930 Appraisal Appraisal discounts (%) 10-15% Quantitative Disclosures for Level 3 Fair Value Measurements (Continued) For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2020, the significant unobservable inputs used in the fair value measurements are presented below. Carrying Amount Valuation Technique Significant Unobservable Input Weighted Average of Input Nonrecurring: Impaired loans $ 4,392 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 10,224 Appraisal Appraisal discounts (%) 10-15%

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	CONDENSED BALANCE SHEET 2021 2020 Assets: Cash $ 399 $ 161 Investment in subsidiary 188,503 152,671 Other assets 794 319 Total assets 189,696 153,151 Liabilities and stockholders’ equity: Other borrowings $ 12,498 $ 7,975 Subordinated debt — 4,493 Accrued interest — 27 Total liabilities 12,498 12,495 Stockholders’ equity 177,198 140,656 Total liabilities and stockholders’ equity $ 189,696 $ 153,151
Condensed Income Statement	CONDENSED STATEMENTS OF INCOME 2021 2020 Income Dividend income from subsidiary $ 2,826 $ 1,842 2,826 1,842 Expense Interest expense 412 675 Other 1,054 847 1,466 1,522 Income before income tax benefits and equity in undistributed earnings of subsidiary 1,360 320 Income tax benefits 294 320 Income before equity in undistributed earnings of subsidiary 1,654 640 Equity in undistributed earnings of subsidiary 16,913 11,467 Net income $ 18,567 $ 12,107
Condensed Cash Flow Statement	CONDENSED STATEMENTS OF CASH FLOW 2021 2020 OPERATING ACTIVITIES Net income $ 18,567 $ 12,107 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (16,913) (11,467) Stock-based compensation 825 739 (Decrease) increase in accrued interest payable (27) 15 Net other operating expenses (84) (87) Net cash provided by operating activities 2,368 1,307 INVESTING ACTIVITIES Investment in equity securities (360) — Net cash used in investing activities (360) — FINANCING ACTIVITIES Net proceeds of note payable 4,500 — Repayment of subordinated notes (4,500) — Issuance of common stock 21,123 86 Capital contribution to subsidiary (20,000) — Common stock dividends paid (2,892) (1,842) Net cash used in financing activities (1,769) (1,756) Net increase (decrease) in cash 239 (449) Cash at beginning of year 161 610 Cash at end of year $ 400 $ 161

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Changes in related party loans for the years ended December 31, 2021 and 2020 are as follows: December 31, 2021 2020 Balance, beginning of year $ 8,041 $ 6,809 Advances 2,176 3,952 Repayments (2,894) (2,720) Balance, end of year $ 7,323 $ 8,041

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($)	Aug. 19, 2021	Aug. 12, 2021	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Reserve balances, Federal Reserve Bank			$ 0	$ 0
Goodwill, impairment loss			$ 0
IPO
Finite-Lived Intangible Assets [Line Items]
Number of shares sold (in shares)		996,429
Sale of stock (in dollars per share)		$ 19
Over-Allotment Option
Finite-Lived Intangible Assets [Line Items]
Number of shares sold (in shares)	300,000
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period			7 years
Impairment of intangible assets, finite-lived			$ 0
Minimum | Building
Finite-Lived Intangible Assets [Line Items]
Premises and equipment, estimated useful life			10 years
Minimum | Furniture and equipment
Finite-Lived Intangible Assets [Line Items]
Premises and equipment, estimated useful life			3 years
Maximum | Building
Finite-Lived Intangible Assets [Line Items]
Premises and equipment, estimated useful life			39 years
Maximum | Furniture and equipment
Finite-Lived Intangible Assets [Line Items]
Premises and equipment, estimated useful life			7 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Basic Earnings Per Share:
Net income	$ 18,567	$ 12,107
Weighted average common shares outstanding (in shares)	8,198,188	7,673,085
Basic earnings per share (in dollars per share)	$ 2.26	$ 1.58
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 18,538	$ 12,095
Weighted average common shares outstanding (in shares)	8,198,188	7,673,085
Net dilutive effect of:
Assumed exercises of stock options (in shares)	118,348	92,778
Average shares and dilutive potential common shares (in shares)	8,316,536	7,765,863
Dilutive earnings per share (in dollars per share)	$ 2.23	$ 1.56

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 129,317	$ 109,696
Gross Unrealized Gains	3,291	4,435
Gross Unrealized Losses	(436)	(130)
Securities available for sale, at fair value	132,172	114,001
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,672	0
Gross Unrealized Gains	364	0
Gross Unrealized Losses	(126)	0
Securities held to maturity, at amortized cost	19,910	0
Total securities
Amortized Cost	148,989	109,696
Gross Unrealized Gains	3,655	4,435
Gross Unrealized Losses	(562)	(130)
Fair Value	152,082	114,001
Debt securities restricted	46,263	40,983
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,820	0
Gross Unrealized Gains	22	0
Gross Unrealized Losses	(20)	0
Securities available for sale, at fair value	7,822	0
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Securities held to maturity, at amortized cost	0	0
U.S. Government Sponsored Enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,228	9,154
Gross Unrealized Gains	68	246
Gross Unrealized Losses	(103)	(34)
Securities available for sale, at fair value	9,193	9,366
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Securities held to maturity, at amortized cost	0	0
State and municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	54,236	64,468
Gross Unrealized Gains	2,611	3,531
Gross Unrealized Losses	(66)	(58)
Securities available for sale, at fair value	56,781	67,941
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,672	0
Gross Unrealized Gains	364	0
Gross Unrealized Losses	(126)	0
Securities held to maturity, at amortized cost	19,910	0
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,530	8,286
Gross Unrealized Gains	289	188
Gross Unrealized Losses	(35)	(5)
Securities available for sale, at fair value	10,784	8,469
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Securities held to maturity, at amortized cost	0	0
Asset based securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,380	9,035
Gross Unrealized Gains	116	76
Gross Unrealized Losses	(24)	0
Securities available for sale, at fair value	10,472	9,111
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Securities held to maturity, at amortized cost	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	37,123	18,753
Gross Unrealized Gains	185	394
Gross Unrealized Losses	(188)	(33)
Securities available for sale, at fair value	37,120	19,114
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	0	0
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Securities held to maturity, at amortized cost	$ 0	$ 0

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized Cost
Due in less than one year	$ 302	$ 0
Due from one year to five years	2,766	1,200
Due after five to ten years	26,475	15,518
Due after ten years	62,651	74,225
Mortgage-backed securities	37,123	18,753
Amortized Cost	129,317	109,696
Fair Value
Due in less than one year	302	0
Due from one year to five years	2,790	1,241
Due after five to ten years	26,764	15,873
Due after ten years	65,196	77,773
Mortgage-backed securities	37,120	19,114
Total securities available for sale	132,172	114,001
Amortized Cost
Due in less than one year	0	0
Due from one year to five years	0	0
Due after five to ten years	1,100	0
Due after ten years	18,572	0
Mortgage-backed securities	0	0
Amortized Cost	19,672	0
Securities Held to Maturity
Due in less than one year	0	0
Due from one year to five years	0	0
Due after five to ten years	1,115	0
Due after ten years	18,795	0
Mortgage-backed securities	0	0
Securities held to maturity, at amortized cost	19,910	0
Total securities
Amortized Cost	148,989	109,696
Fair Value	$ 152,082	$ 114,001

SECURITIES- Gains and Losses on

SECURITIES- Gains and Losses on Sales of Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 862	$ 765
Gross losses	(919)	(23)
Net realized gains (losses)	$ (57)	$ 742

SECURITIES - Restricted Equity

SECURITIES - Restricted Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	$ 2,600	$ 3,224
Federal Home Loan Bank stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	1,675	2,299
First National Banker’s Bankshares, Inc. stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	675	675
Pacific Coast Banker’s Bank stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	$ 250	$ 250

SECURITIES - Continuous Unreali

SECURITIES - Continuous Unrealized Loss Position (Details) $ in Thousands	Dec. 31, 2021USD ($)security	Dec. 31, 2020USD ($)
Gross Unrealized Losses
Less Than Twelve Months	$ (357)	$ (130)
Over Twelve Months	(79)	0
Total Unrealized Losses	(436)	(130)
Fair Value
Less Than Twelve Months	35,626	16,128
Over Twelve Months	5,527	0
Gross Unrealized Losses
Less Than Twelve Months	(126)	0
Over Twelve Months	0	0
Total Unrealized Losses	(126)	0
Fair Value
Less Than Twelve Months	6,450	0
Over Twelve Months	0	0
Gross Unrealized Losses
Less Than Twelve Months	(483)	(130)
Over Twelve Months	(79)	0
Total Unrealized Losses	(562)	(130)
Fair Value
Less Than Twelve Months	42,076	16,128
Over Twelve Months	$ 5,527	0
Number of securities in loss position | security	55
U.S. Treasury securities
Gross Unrealized Losses
Less Than Twelve Months	$ (20)	0
Over Twelve Months	0	0
Total Unrealized Losses	(20)	0
Fair Value
Less Than Twelve Months	5,347	0
Over Twelve Months	0	0
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Total Unrealized Losses	0	0
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	0
U.S. Government Sponsored Enterprises (GSEs)
Gross Unrealized Losses
Less Than Twelve Months	(57)	(34)
Over Twelve Months	(46)	0
Total Unrealized Losses	(103)	(34)
Fair Value
Less Than Twelve Months	1,946	2,051
Over Twelve Months	1,899	0
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Total Unrealized Losses	0	0
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	0
State and municipal securities
Gross Unrealized Losses
Less Than Twelve Months	(66)	(58)
Over Twelve Months	0	0
Total Unrealized Losses	(66)	(58)
Fair Value
Less Than Twelve Months	6,270	4,979
Over Twelve Months	0	0
Gross Unrealized Losses
Less Than Twelve Months	(126)	0
Over Twelve Months	0	0
Total Unrealized Losses	(126)	0
Fair Value
Less Than Twelve Months	6,450	0
Over Twelve Months	0	0
Corporate debt securities
Gross Unrealized Losses
Less Than Twelve Months	(35)	(5)
Over Twelve Months	0	0
Total Unrealized Losses	(35)	(5)
Fair Value
Less Than Twelve Months	2,995	1,495
Over Twelve Months	0	0
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Total Unrealized Losses	0	0
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Asset based securities
Gross Unrealized Losses
Less Than Twelve Months	(21)	0
Over Twelve Months	(3)	0
Total Unrealized Losses	(24)	0
Fair Value
Less Than Twelve Months	2,842	960
Over Twelve Months	879	0
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Total Unrealized Losses	0	0
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Gross Unrealized Losses
Less Than Twelve Months	(158)	(33)
Over Twelve Months	(30)	0
Total Unrealized Losses	(188)	(33)
Fair Value
Less Than Twelve Months	16,226	6,643
Over Twelve Months	2,749	0
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	0	0
Total Unrealized Losses	0	0
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	$ 0	$ 0

SECURITIES - Other-Than-Tempora

SECURITIES - Other-Than-Temporary Impairment (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Securities considered other than temporary impairment	$ 0	$ 0

LOANS - Composition of Loans (D

LOANS - Composition of Loans (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segmentloan	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 1,254,117	$ 1,033,733
% of Total	100.00%	100.00%
Deferred loan fees	$ (3,817)	$ (3,618)
Allowance for loan losses	(14,844)	(11,859)	$ (9,265)
Loans, net	$ 1,235,456	1,018,256
Number of loan portfolio segments | segment	3
Loans, net of unearned income	$ 1,250,300	1,030,115
Real estate mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	1,038,511	769,694
Allowance for loan losses	(11,554)	(8,057)	(7,254)
Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 174,480	$ 102,559
% of Total	13.90%	9.90%
Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 147,490	$ 152,212
% of Total	11.80%	14.70%
Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 716,541	$ 514,923
% of Total	57.10%	49.80%
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 206,897	$ 254,395
% of Total	16.50%	24.60%
Allowance for loan losses	$ (3,166)	$ (3,609)	(1,885)
Commercial and industrial | Paycheck Protection Plan
Financing Receivable, Credit Quality Indicator [Line Items]
Number of loans outstanding | loan	36
Loans, net of unearned income	$ 9,203
Deferred loan fees	298
Adjustment to loan yield	2,677
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 8,709	$ 9,644
% of Total	0.70%	1.00%
Allowance for loan losses	$ (124)	$ (193)	$ (126)

LOANS - Credit Quality Indicato

LOANS - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 1,254,117	$ 1,033,733
Real estate mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,038,511	769,694
Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	174,480	102,559
Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	147,490	152,212
Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	716,541	514,923
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	206,897	254,395
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,709	9,644
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,215,708	959,857
Pass | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	168,751	95,214
Pass | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	142,782	144,256
Pass | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	691,863	471,555
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	203,630	240,646
Pass | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,682	8,186
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	23,294	63,685
Special Mention | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	388	6,113
Special Mention | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,554	6,245
Special Mention | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	16,371	36,754
Special Mention | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,960	13,138
Special Mention | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	21	1,435
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	14,881	10,107
Substandard | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,341	1,232
Substandard | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,154	1,627
Substandard | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,307	6,614
Substandard | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	73	611
Substandard | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	6	23
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	234	84
Doubtful | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	0
Doubtful | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	84
Doubtful | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	0
Doubtful | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	234	0
Doubtful | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 0	$ 0

LOANS - Aging of Recorded Inves

LOANS - Aging of Recorded Investment (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,254,117	$ 1,033,733
Nonaccrual	1,478	3,418
Real estate mortgages
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,038,511	769,694
Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	174,480	102,559
Nonaccrual	346	977
Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	147,490	152,212
Nonaccrual	167	857
Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	716,541	514,923
Nonaccrual	674	1,478
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	206,897	254,395
Nonaccrual	285	84
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	8,709	9,644
Nonaccrual	6	22
Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,248,690	1,026,474
Current | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	173,027	101,375
Current | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	146,871	150,837
Current | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	714,092	512,208
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	206,027	252,473
Current | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	8,673	9,581
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	3,949	3,841
Total Past Due | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,107	207
Total Past Due | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	452	518
Total Past Due | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,775	1,237
Total Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	585	1,838
Total Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	30	41
30-59 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,095	2,339
30-59 Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	62	117
30-59 Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	129	382
30-59 Days | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,775	1,196
30-59 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	99	626
30-59 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	30	18
60-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,360	1,411
60-89 Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	746	90
60-89 Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	128	94
60-89 Days | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
60-89 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	486	1,212
60-89 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	15
90+ Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	494	91
90+ Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	299	0
90+ Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	195	42
90+ Days | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	41
90+ Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
90+ Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 0	$ 8

LOANS - Allowance for Loans Los

LOANS - Allowance for Loans Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance for loan losses:
Beginning balance	$ 11,859	$ 9,265
Provision (credit) for loan losses	2,982	3,300
Loans charged off	(46)	(926)
Recoveries of loans previously charged off	49	220
Ending balance	14,844	11,859
Ending balance - individually evaluated for impairment	635	1,837
Ending balance - collectively evaluated for impairment	14,140	9,793
Loans:
Ending balance - individually evaluated for impairment	15,075	12,420
Ending balance - collectively evaluated for impairment	1,237,770	1,019,635
Gross loans	1,254,117	1,033,733
Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	229
Ending balance	69	229
Loans:
Gross loans	1,272	1,678
Real estate mortgages
Allowance for loan losses:
Beginning balance	8,057	7,254
Provision (credit) for loan losses	3,516	1,702
Loans charged off	(44)	(908)
Recoveries of loans previously charged off	25	9
Ending balance	11,554	8,057
Ending balance - individually evaluated for impairment	340	1,352
Ending balance - collectively evaluated for impairment	11,145	6,476
Loans:
Ending balance - individually evaluated for impairment	14,742	11,527
Ending balance - collectively evaluated for impairment	1,022,497	756,489
Gross loans	1,038,511	769,694
Real estate mortgages | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	229
Ending balance	69	229
Loans:
Gross loans	1,272	1,678
Commercial and industrial
Allowance for loan losses:
Beginning balance	3,609	1,885
Provision (credit) for loan losses	(458)	1,598
Loans charged off	0	0
Recoveries of loans previously charged off	15	126
Ending balance	3,166	3,609
Ending balance - individually evaluated for impairment	292	478
Ending balance - collectively evaluated for impairment	2,874	3,131
Loans:
Ending balance - individually evaluated for impairment	307	856
Ending balance - collectively evaluated for impairment	206,590	253,539
Gross loans	206,897	254,395
Commercial and industrial | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	0
Ending balance	0	0
Loans:
Gross loans	0	0
Consumer and other
Allowance for loan losses:
Beginning balance	193	126
Provision (credit) for loan losses	(76)	0
Loans charged off	(2)	(18)
Recoveries of loans previously charged off	9	85
Ending balance	124	193
Ending balance - individually evaluated for impairment	3	7
Ending balance - collectively evaluated for impairment	121	186
Loans:
Ending balance - individually evaluated for impairment	26	37
Ending balance - collectively evaluated for impairment	8,683	9,607
Gross loans	8,709	9,644
Consumer and other | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	0
Ending balance	0	0
Loans:
Gross loans	$ 0	$ 0

LOANS - Impaired Loans (Details

LOANS - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
With no related allowance recorded:
Recorded Investment	$ 14,368	$ 7,718
Unpaid Principal Balance	14,368	7,718
Average Recorded Investment	14,385	8,179
Interest Income Recognized	739	409
With an allowance recorded:
Recorded Investment	1,979	6,380
Unpaid Principal Balance	2,050	6,451
Related Allowance	704	2,066
Average Recorded Investment	1,988	6,731
Interest Income Recognized	88	368
Total impaired loans:
Recorded Investment	16,347	14,098
Unpaid Principal Balance	16,418	14,169
Average Recorded Investment	16,373	14,910
Interest Income Recognized	827	777
Real estate mortgages | Construction and development
With no related allowance recorded:
Recorded Investment	5,258	977
Unpaid Principal Balance	5,258	977
Average Recorded Investment	5,261	970
Interest Income Recognized	205	18
With an allowance recorded:
Recorded Investment	370	644
Unpaid Principal Balance	370	644
Related Allowance	148	106
Average Recorded Investment	370	668
Interest Income Recognized	10	34
Real estate mortgages | Residential
With no related allowance recorded:
Recorded Investment	1,081	1,537
Unpaid Principal Balance	1,081	1,537
Average Recorded Investment	1,090	1,669
Interest Income Recognized	90	93
With an allowance recorded:
Recorded Investment	633	1,557
Unpaid Principal Balance	704	1,628
Related Allowance	125	628
Average Recorded Investment	636	1,636
Interest Income Recognized	27	82
Real estate mortgages | Commercial
With no related allowance recorded:
Recorded Investment	7,992	5,117
Unpaid Principal Balance	7,992	5,117
Average Recorded Investment	7,993	5,425
Interest Income Recognized	440	290
With an allowance recorded:
Recorded Investment	680	3,373
Unpaid Principal Balance	680	3,373
Related Allowance	136	847
Average Recorded Investment	682	3,526
Interest Income Recognized	32	194
Commercial and industrial
With no related allowance recorded:
Recorded Investment	22	65
Unpaid Principal Balance	22	65
Average Recorded Investment	25	91
Interest Income Recognized	3	6
With an allowance recorded:
Recorded Investment	285	791
Unpaid Principal Balance	285	791
Related Allowance	292	478
Average Recorded Investment	289	886
Interest Income Recognized	18	58
Consumer and other
With no related allowance recorded:
Recorded Investment	15	22
Unpaid Principal Balance	15	22
Average Recorded Investment	16	24
Interest Income Recognized	1	2
With an allowance recorded:
Recorded Investment	11	15
Unpaid Principal Balance	11	15
Related Allowance	3	7
Average Recorded Investment	11	15
Interest Income Recognized	$ 1	$ 0

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 2,012	$ 1,754
Number of loans | loan	5	2
Recorded investment prior to modification	$ 729	$ 293
Recorded investment after modification	688	286
Impact on the allowance for loan losses	$ 63	$ 278
Troubled debt restructuring, subsequent default, number of contracts | loan	3	0
Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 1,072	$ 1,275
Performing Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 940	$ 479
Real estate mortgages | Construction and development
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	2	0
Recorded investment prior to modification	$ 189	$ 0
Recorded investment after modification	178	0
Impact on the allowance for loan losses	$ 63	$ 0
Real estate mortgages | Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	1	0
Recorded investment prior to modification	$ 3	$ 0
Recorded investment after modification	0	0
Impact on the allowance for loan losses	$ 0	$ 0
Real estate mortgages | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	2	0
Recorded investment prior to modification	$ 537	$ 0
Recorded investment after modification	510	0
Impact on the allowance for loan losses	$ 0	$ 0
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	0	1
Recorded investment prior to modification	$ 0	$ 277
Recorded investment after modification	0	271
Impact on the allowance for loan losses	$ 0	$ 271
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	0	1
Recorded investment prior to modification	$ 0	$ 16
Recorded investment after modification	0	15
Impact on the allowance for loan losses	$ 0	$ 7

FORECLOSED ASSETS - Foreclosed

FORECLOSED ASSETS - Foreclosed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Foreclosed Assets [Roll Forward]
Balance, beginning of year	$ 10,224	$ 7,042
Acquired through settlement of loans	100	10,088
Sales proceeds	(7,187)	(5,910)
Write-downs	0	(920)
Net gain (loss) on sales of foreclosed assets	(207)	76
Receivable from SBA	0	(152)
Balance, end of year	$ 2,930	$ 10,224

FORECLOSED ASSETS - Net Expense

FORECLOSED ASSETS - Net Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Repossessed Assets [Abstract]
Net (gain) loss on sales of foreclosed assets	$ 207	$ (76)
Write-downs	0	920
Operating expenses, net of rental income	(366)	102
Net (income) expense	(159)	946
Other real estate	$ 60	$ 145

PREMISES AND EQUIPMENT - Narrat

PREMISES AND EQUIPMENT - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 35,558	$ 36,538
Accumulated depreciation	(8,514)	(12,112)
Premises and equipment, net	27,044	24,426
Land and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	8,169	8,169
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	22,604	21,109
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 4,785	$ 7,260

LEASES - Future Obligations (De

LEASES - Future Obligations (Details) $ in Thousands	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
2022	$ 156
2023	143
2024	58
Total Lease Payments	357
Less: Interest	(18)
Operating Lease Liability	339
Lessee, Operating Lease, Excluding Renewal Options
Lessee, Lease, Description [Line Items]
2022	160
2023	143
2024	58
Total Lease Payments	$ 361

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Rental expense	$ 488	$ 473

LEASES - Operating Leases (Deta

LEASES - Operating Leases (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 338
Operating Lease Liability	$ 339
Weighted average remaining operating lease term (in years)	1 year 8 months 12 days
Weighted average operating lease discount rate	4.50%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Banking and Thrift, Interest [Abstract]
Noninterest-bearing transaction	$ 541,546	$ 290,867
Interest-bearing transaction	704,326	475,757
Savings	56,715	42,731
Time deposits, $250,000 and under	224,556	293,707
Time deposits, over $250,000	29,308	36,599
Total deposits	$ 1,556,451	$ 1,139,661

DEPOSITS - Schedule Maturities

DEPOSITS - Schedule Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2021USD ($)
Banking and Thrift, Interest [Abstract]
2022	$ 212,370
2023	19,162
2024	17,192
2025	3,402
2026	1,552
Thereafter	186
Time deposits	$ 253,864

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Banking and Thrift, Interest [Abstract]
Brokered deposits	$ 34,110	$ 34,151
Overdrawn deposits reclassified as loans	$ 208	$ 166

BORROWINGS - Note Payable and S

BORROWINGS - Note Payable and Subordinated Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 38,448,000	$ 43,368,000
Line of Credit
Debt Instrument [Line Items]
Long-term debt	12,498,000	7,975,000
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Line of Credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	250.00%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt	$ 25,950,000	30,900,000
Federal Home Loan Bank Advances | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	0.31%
Federal Home Loan Bank Advances | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	0.57%
Subordinated Debt
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 4,493,000
Interest rate, stated percentage	6.625%
Subordinated Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	5.412%

BORROWINGS - Contractual Maturi

BORROWINGS - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
2022	$ 32,448
2023	6,000
Total	$ 38,448	$ 43,368

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($)	Jun. 23, 2016	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
FHLB advances			$ 30,900,000
Federal funds purchased		$ 0	0
Federal funds, maximum borrowings		87,200,000
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 25,000,000
Percent of capital stock used as collateral		100.00%
Line of Credit | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		250.00%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
FHLB advances		$ 25,950,000
FHLB, amount available		68,352,000
Federal Home Loan Bank Advances | Commercial
Debt Instrument [Line Items]
Debt instrument, collateral amount		66,623,000
Federal Home Loan Bank Advances | Residential
Debt Instrument [Line Items]
Debt instrument, collateral amount		22,673,000
Federal Home Loan Bank Advances | Home Equity Line of Credit
Debt Instrument [Line Items]
Debt instrument, collateral amount		$ 5,006,000
Subordinated Debt
Debt Instrument [Line Items]
Interest rate, stated percentage		6.625%
Subordinated Debt | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		5.412%
Subordinated Debt | Subordinated Notes due July 2026
Debt Instrument [Line Items]
Face amount	$ 4,500,000
Interest rate, stated percentage	6.625%
Debt issuance costs, gross	$ 79,000
Debt issuance costs, net		$ 0	$ 7,000
Amortization period	60 months
Subordinated Debt | Subordinated Notes due July 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	5.412%

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments on the Balance Sheet (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Collateral already posted	$ 350
Loss recognized in income from fair value adjustment	29
Loss recognized in income from fee income	960
Interest Rate Products | Not Designated as Hedging Instrument
Other Assets
Notional Amount	77,534	$ 49,664
Fair Value	1,784	983
Other Liabilities
Notional Amount	77,534	49,664
Fair Value	$ (1,843)	$ (1,013)

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Credit-risk-related Contingent Features (Details) $ in Thousands	Dec. 31, 2021USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair value of derivatives in a net liability position	$ 1,827
Termination value	1,827
Required collateral	$ 350

EMPLOYEE AND DIRECTOR BENEFIT_2

EMPLOYEE AND DIRECTOR BENEFITS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2007
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 825	$ 739
Unrecognized compensation	537	587
Nonvested restricted stock awards	177,198	140,656	$ 126,637
Company recorded liability	3,578	2,990
Plan expense	589	487
Bank owned life insurance	22,201	22,458
Bank owned life insurance income	497	528
Capital Surplus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	362	349
Nonvested restricted stock awards	$ 80,640	65,327	64,592
Unvested Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested restricted stock awards		$ (439)	$ (392)
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock option plan (in shares)	474,336,000	1,400,000,000		975,000,000	675,000,000	450,000,000
Weighted average period of years	1 year 7 months 28 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	24,985,000	22,869,000
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted Stock | Unvested Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 463	$ 390
Nonvested restricted stock awards	$ (477)

EMPLOYEE AND DIRECTOR BENEFIT_3

EMPLOYEE AND DIRECTOR BENEFITS - Options (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number
Options outstanding, beginning of year (in shares)	480,478	373,392
Granted (in shares)	33,294	113,086
Exercised (in shares)	(10,000)	(1,000)
Forfeited (in shares)	(2,280)	(5,000)
Options outstanding, end of year (in shares)	501,492	480,478
Exercisable, end of year (in shares)	327,526	216,677
Weighted-Average Exercise Price
Weighted average exercise price, beginning balance (in dollars per share)	$ 14.95	$ 13.55
Granted weighted average exercise price (in dollars per share)	20.03	19.49
Exercised weighted average exercise price per share (in dollars per share)	10	10
Forfeited weighted average exercise price per share (in dollars per share)	20.10	14.20
Weighted average exercise price, Ending balance (in dollars per share)	$ 15.37	$ 14.95
Weighted average remaining contractual life	6 years 5 months 15 days	7 years 3 months 3 days
Exercisable end of year weighted average exercise price (in dollars per share)	$ 13.79	$ 12.67

EMPLOYEE AND DIRECTOR BENEFIT_4

EMPLOYEE AND DIRECTOR BENEFITS - Exercisable Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)$ / sharesshares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares (in shares) | shares	327,526
Weighted Average Exercise Price (in dollars per share)	$ 13,790
Weighted Average Remaining Contractual Term	5 years 9 months
Aggregate Intrinsic Value | $	$ 1,927
Exercise Price 1
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 10
Shares (in shares) | shares	115,000
Weighted Average Exercise Price (in dollars per share)	$ 10
Weighted Average Remaining Contractual Term	4 years 1 month 2 days
Aggregate Intrinsic Value | $	$ 1,101
Exercise Price 2
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	24,000
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	5 years 3 months 29 days
Aggregate Intrinsic Value | $	$ 134
Exercise Price 3
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	7,200
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	5 years 8 months 1 day
Aggregate Intrinsic Value | $	$ 40
Exercise Price 4
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	4,000
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	6 years
Aggregate Intrinsic Value | $	$ 22
Exercise Price 5
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	73,000
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	6 years 1 month 2 days
Aggregate Intrinsic Value | $	$ 370
Exercise Price 6
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	9,000
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	6 years 5 months 1 day
Aggregate Intrinsic Value | $	$ 46
Exercise Price 7
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	4,800
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	6 years 11 months 1 day
Aggregate Intrinsic Value | $	$ 24
Exercise Price 8
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 16
Shares (in shares) | shares	50,261
Weighted Average Exercise Price (in dollars per share)	$ 16
Weighted Average Remaining Contractual Term	7 years 1 month 2 days
Aggregate Intrinsic Value | $	$ 179
Exercise Price 9
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 22.75
Shares (in shares) | shares	6,000
Weighted Average Exercise Price (in dollars per share)	$ 22.75
Weighted Average Remaining Contractual Term	7 years 10 months 2 days
Aggregate Intrinsic Value | $	$ 0
Exercise Price 10
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 20.10
Shares (in shares) | shares	20,512
Weighted Average Exercise Price (in dollars per share)	$ 20.10
Weighted Average Remaining Contractual Term	8 years 1 month 2 days
Aggregate Intrinsic Value | $	$ 0
Exercise Price 11
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 20.10
Shares (in shares) | shares	9,753
Weighted Average Exercise Price (in dollars per share)	$ 20.10
Weighted Average Remaining Contractual Term	8 years 2 months 4 days
Aggregate Intrinsic Value | $	$ 0
Exercise Price 12
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.98
Shares (in shares) | shares	2,000
Weighted Average Exercise Price (in dollars per share)	$ 14.98
Weighted Average Remaining Contractual Term	8 years 10 months 2 days
Aggregate Intrinsic Value | $	$ 9
Exercise Price 13
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 18.34
Shares (in shares) | shares	2,000
Weighted Average Exercise Price (in dollars per share)	$ 18.34
Weighted Average Remaining Contractual Term	9 years 3 days
Aggregate Intrinsic Value | $	$ 2

EMPLOYEE AND DIRECTOR BENEFIT_5

EMPLOYEE AND DIRECTOR BENEFITS - Weighted Average Assumptions (Details) - Share-based Payment Arrangement, Option - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	2.50%	2.50%
Weighted average volatility	65.43%	29.15%
Expected life in years	6 years 6 months	6 years 8 months 4 days
Risk-free interest rate	0.81%	1.56%
Weighted average grant date fair value (in dollars per share)	$ 9.77	$ 4.22

EMPLOYEE AND DIRECTOR BENEFIT_6

EMPLOYEE AND DIRECTOR BENEFITS - Restricted Stock (Details) - Restricted Stock - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Number
Non vested beginning of year (in shares)	39,169	34,389
Granted (in shares)	24,985	22,869
Forfeited (in shares)	0	(268)
Vested (in shares)	(24,840)	(17,821)
Non vested end of year (in shares)	39,314	39,169
Weighted-Average Exercise Price
Non vested beginning of year weighted average exercise price (in dollars per share)	$ 17,800	$ 16,060
Granted weighted average exercise price (in dollars per share)	20,030	19,350
Forfeited weighted average exercise price per share (in dollars per share)	0	20,100
Vested weighted average exercise price (in dollars per share)	17,360	16,390
Non vested end of year weighted average exercise price (in dollars per share)	$ 19,500	$ 17,800

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Current	$ 6,705	$ 4,113
Deferred	(973)	(1,587)
Income tax expense	$ 5,732	$ 2,526

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense at federal statutory rate	$ 5,102	$ 3,073
State income tax	879	465
Tax exempt income	(210)	(170)
Nondeductible merger (credit) expenses	134	(685)
Other	(173)	(157)
Income tax expense	$ 5,732	$ 2,526

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred income tax assets:
Loan loss reserves	$ 3,812	$ 2,982
Pre-opening and organization expenses	15	36
Deferred compensation	1,055	904
Intangible assets created from asset purchase	34	40
Loans purchased at a premium	68	142
Restricted stock	40	32
Deferred origination fees	795	642
Deferred tax assets, gross	5,819	4,778
Deferred income tax liabilities:
Loans purchased at a discount	136	163
Depreciation	325	208
Intangible assets created from stock purchase	393	461
Other	161	115
Unrealized gain on securities available for sale	743	1,122
Deferred tax liabilities, gross	1,758	2,069
Net deferred income tax asset	$ 4,061	$ 2,709

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 317,628	$ 184,739
Provision (credit) for loan losses	2,982	3,300
Commitments to extend credit
Guarantor Obligations [Line Items]
Exposure to credit loss	314,194	181,925
Standby letters of credit
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 3,434	$ 2,814

CONCENTRATIONS OF CREDIT (Detai

CONCENTRATIONS OF CREDIT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Concentration Risk [Line Items]
Commitments to expend in excess of capital, secured basis, percentage	20.00%
Commitments to expend in excess of capital, secured basis	$ 36,317
Commitments to expend in excess of capital, unsecured basis, percentage	10.00%
Commitments to expend in excess of capital, unsecured basis	$ 18,159
Real estate mortgages | Financing Receivable | Loan Portfolio Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	83.00%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - shares	Dec. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common stock issued (in shares)	9,012,857	7,678,195
Common stock outstanding (in shares)	9,012,857	7,678,195
Nonvoting Common Stock
Class of Stock [Line Items]
Common stock issued (in shares)		805,715
Common stock outstanding (in shares)		805,715

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Company
Tier 1 capital (to average assets)
Actual amount	$ 156,723	$ 118,837
Actual ratio	0.0974	0.0924
Required for capital adequacy purposes, amount	$ 64,376	$ 51,426
Required for capital adequacy purposes, ratio	0.0400	0.0400
CET 1 capital (to risk-weighted assets)
Actual amount	$ 156,723	$ 118,837
Actual ratio	0.1035	0.1063
Required for capital adequacy purposes, amount	$ 106,019	$ 78,257
Required for capital adequacy purposes, ratio	0.0700	0.0700
Total capital (to risk-weighted assets)
Actual amount	$ 156,723	$ 118,837
Actual ratio	0.1035	0.1063
Required for capital adequacy purposes, amount	$ 128,737	$ 95,026
Required for capital adequacy purposes, ratio	0.0850	0.0850
Total capital (to risk-weighted assets)
Actual amount	$ 171,567	$ 135,196
Actual ratio	0.1133	0.1209
Required for capital adequacy purposes, amount	$ 159,028	$ 117,835
Required for capital adequacy purposes, ratio	0.1050	0.1050
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Retained earnings available for dividend declaration without regulatory approval	$ 33,247
Tier 1 capital (to average assets)
Actual amount	$ 168,027	$ 130,852
Actual ratio	0.1044	0.1018
Required for capital adequacy purposes, amount	$ 64,376	$ 51,426
Required for capital adequacy purposes, ratio	0.0400	0.0400
Minimums to be “well capitalized” under prompt corrective action, amount	$ 80,470	$ 77,139
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0500	0.0500
CET 1 capital (to risk-weighted assets)
Actual amount	$ 168,027	$ 130,852
Actual ratio	0.1109	0.1170
Required for capital adequacy purposes, amount	$ 106,019	$ 78,257
Required for capital adequacy purposes, ratio	0.0700	0.0700
Minimums to be “well capitalized” under prompt corrective action, amount	$ 98,446	$ 72,667
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0650	0.0650
Total capital (to risk-weighted assets)
Actual amount	$ 168,027	$ 130,852
Actual ratio	0.1109	0.1170
Required for capital adequacy purposes, amount	$ 128,737	$ 95,026
Required for capital adequacy purposes, ratio	0.0850	0.0850
Minimums to be “well capitalized” under prompt corrective action, amount	$ 121,164	$ 89,436
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0800	0.0800
Total capital (to risk-weighted assets)
Actual amount	$ 182,871	$ 142,711
Actual ratio	0.1207	0.1277
Required for capital adequacy purposes, amount	$ 159,028	$ 117,835
Required for capital adequacy purposes, ratio	0.1050	0.1050
Minimums to be “well capitalized” under prompt corrective action, amount	$ 151,455	$ 117,795
Minimums to be “well capitalized” under prompt corrective action, ratio	0.1000	0.1000

FAIR VALUE OF ASSETS AND LIAB_3

FAIR VALUE OF ASSETS AND LIABILITIES - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	$ 132,172	$ 114,001
Other equity securities, at fair value	9,232	5,017
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Other equity securities, at fair value	4,985	5,017
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	132,172	114,001
Other equity securities, at fair value	0	0
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Other equity securities, at fair value	4,247	0
Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	9,232	5,017
Interest Rate Products - asset	1,784	983
Interest Rate Products - liabilities	(1,843)	(1,013)
Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	4,985	5,017
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	0	0
Interest Rate Products - asset	1,784	983
Interest Rate Products - liabilities	(1,843)	(1,013)
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	4,247	0
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
U.S. Treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	7,822	0
U.S. Treasury securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	7,822	0
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	7,822	0
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Government Sponsored Enterprises (GSEs)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	9,193	9,366
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	9,193	9,366
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	9,193	9,366
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
State and municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	56,781	67,941
State and municipal securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	56,781	67,941
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	56,781	67,941
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,784	8,469
Corporate debt securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,784	8,469
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,784	8,469
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,472	9,111
Asset based securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,472	9,111
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	10,472	9,111
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	37,120	19,114
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	37,120	19,114
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	37,120	19,114
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 10,648	$ 14,616
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	7,718	4,392
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	2,930	10,224
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 1 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 1 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 2 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 2 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	10,648	14,616
Fair Value, Inputs, Level 3 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	7,718	4,392
Fair Value, Inputs, Level 3 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value disclosure	$ 2,930	$ 10,224

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES - Quantitative Disclosures for Level 3 Fair Value Measurements (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	$ 16,347	$ 14,098
Related Allowance	704	2,066
Provision for loan losses	40	1,828
Other equity securities, at fair value	9,232	5,017
Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other equity securities, at fair value	4,247	0
Fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	8,422	6,458
Cost
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	7,925	7,640
Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	10,648	14,616
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	10,648	14,616
Fair Value, Recurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other equity securities, at fair value	9,232	5,017
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Other equity securities, at fair value	$ 4,247	$ 0
Impaired loans | Measurement Input, Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.15	0.15
Impaired loans | Measurement Input, Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.20	0.20
Impaired loans | Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	$ 7,718	$ 4,392
Impaired loans | Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	$ 7,718	$ 4,392
Foreclosed assets | Measurement Input, Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.10	0.10
Foreclosed assets | Measurement Input, Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.15	0.15
Foreclosed assets | Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	$ 2,930	$ 10,224
Foreclosed assets | Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Assets, fair value disclosure	$ 2,930	$ 10,224

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES - Level 3 Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value, beginning of period	$ 0	$ 0
Purchases	4,000	0
Net realized gains	247	0
Carrying value, end of period	$ 4,247	$ 0

FAIR VALUE OF ASSETS AND LIAB_7

FAIR VALUE OF ASSETS AND LIABILITIES - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Cash and cash equivalents	$ 283,956	$ 84,907
Securities available for sale, at fair value	132,172	114,001
Other equity securities	9,232	5,017
Loans held for sale	2,400	5,696
Trading assets	1,784	983
Loans, net	1,235,456	1,018,256
Bank owned life insurance	22,201	22,458
Annuities	12,888	12,903
Accrued interest receivable	4,170	4,243
Restricted equity securities	2,600	3,224
Financial liabilities:
Deposits	1,556,451	1,139,661
Trading liabilities	1,843	1,013
FHLB advances	25,950	30,900
Other borrowings	12,498	7,975
Subordinated notes	0	4,493
Accrued interest payable	132	278
Fair Value, Inputs, Level 1
Financial assets:
Cash and cash equivalents	283,956	84,907
Securities available for sale, at fair value	0	0
Other equity securities	4,985	5,017
Loans held for sale	0	0
Trading assets	0	0
Loans, net	0	0
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities	0	0
Financial liabilities:
Deposits	0	0
Trading liabilities	0	0
FHLB advances	0	0
Other borrowings	0	0
Subordinated notes	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale, at fair value	132,172	114,001
Other equity securities	0	0
Loans held for sale	2,400	5,696
Trading assets	1,784	983
Loans, net	1,237,491	1,030,104
Bank owned life insurance	22,201	22,458
Annuities	12,888	12,903
Accrued interest receivable	4,170	4,243
Restricted equity securities	0	0
Financial liabilities:
Deposits	1,507,190	1,140,979
Trading liabilities	1,843	1,013
FHLB advances	25,926	30,962
Other borrowings	12,498	7,975
Subordinated notes	0	4,493
Accrued interest payable	132	278
Fair Value, Inputs, Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale, at fair value	0	0
Other equity securities	4,247	0
Loans held for sale	0	0
Trading assets	0	0
Loans, net	7,718	4,392
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities	2,600	3,224
Financial liabilities:
Deposits	0	0
Trading liabilities	0	0
FHLB advances	0	0
Other borrowings	0	0
Subordinated notes	0	0
Accrued interest payable	$ 0	$ 0

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets:
Other assets	$ 9,509	$ 8,525
Total assets	1,782,592	1,332,506
Liabilities and stockholders’ equity:
Other borrowings	12,498	7,975
Subordinated debt	0	4,493
Accrued interest	132	278
Total liabilities	1,605,394	1,191,850
Stockholders’ equity	177,198	140,656	$ 126,637
Total liabilities and stockholders' equity	1,782,592	1,332,506
Southern States Bancshares, Inc.
Assets:
Cash	399	161
Investment in subsidiary	188,503	152,671
Other assets	794	319
Total assets	189,696	153,151
Liabilities and stockholders’ equity:
Other borrowings	12,498	7,975
Subordinated debt	0	4,493
Accrued interest	0	27
Total liabilities	12,498	12,495
Stockholders’ equity	177,198	140,656
Total liabilities and stockholders' equity	$ 189,696	$ 153,151

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income
Total interest income	$ 57,777	$ 50,285
Expense
Interest expense	4,864	8,708
Income tax benefits	(5,732)	(2,526)
Net income	18,567	12,107
Southern States Bancshares, Inc.
Income
Dividend income from subsidiary	2,826	1,842
Total interest income	2,826	1,842
Expense
Interest expense	412	675
Other	1,054	847
Operating expenses	1,466	1,522
Income before income tax benefits and equity in undistributed earnings of subsidiary	1,360	320
Income tax benefits	294	320
Income before equity in undistributed earnings of subsidiary	1,654	640
Equity in undistributed earnings of subsidiary	16,913	11,467
Net income	$ 18,567	$ 12,107

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income	$ 18,567	$ 12,107
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	825	739
(Decrease) increase in accrued interest payable	(146)	(195)
Net other operating expenses	2,203	(950)
Net cash provided by operating activities	29,703	11,454
INVESTING ACTIVITIES
Net cash used in investing activities	(260,755)	(260,073)
FINANCING ACTIVITIES
Repayment of subordinated notes	(4,500)	0
Issuance of common stock	165	86
Common stock dividends paid	(2,892)	(1,842)
Net cash provided by financing activities	430,101	218,291
Net increase (decrease) in cash and cash equivalents	199,049	(30,328)
Cash and cash equivalents at beginning of year	84,907	115,235
Cash and cash equivalents at end of year	283,956	84,907
Company
OPERATING ACTIVITIES
Net income	18,567	12,107
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary	(16,913)	(11,467)
Stock-based compensation	825	739
(Decrease) increase in accrued interest payable	(27)	15
Net other operating expenses	(84)	(87)
Net cash provided by operating activities	2,368	1,307
INVESTING ACTIVITIES
Investment in equity securities	(360)	0
Net cash used in investing activities	(360)	0
FINANCING ACTIVITIES
Net proceeds of note payable	4,500	0
Repayment of subordinated notes	(4,500)	0
Issuance of common stock	21,123	86
Capital contribution to subsidiary	(20,000)	0
Common stock dividends paid	(2,892)	(1,842)
Net cash provided by financing activities	(1,769)	(1,756)
Net increase (decrease) in cash and cash equivalents	239	(449)
Cash and cash equivalents at beginning of year	161	610
Cash and cash equivalents at end of year	$ 400	$ 161

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Abstract]
Related party	$ 8,678	$ 9,976

RELATED PARTY TRANSACTIONS - Re

RELATED PARTY TRANSACTIONS - Related Party Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transactions [Roll Forward]
Balance, beginning of year	$ 8,041	$ 6,809
Advances	2,176	3,952
Repayments	(2,894)	(2,720)
Balance, end of year	$ 7,323	$ 8,041

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Feb. 07, 2022	Feb. 16, 2022	Dec. 31, 2021
Subordinated Debt
Subsequent Event [Line Items]
Interest rate, stated percentage			6.625%
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, authorized amount		$ 10,000,000
Subsequent Event | Subordinated Debt | Subordinated Notes Due 2032
Subsequent Event [Line Items]
Face amount	$ 48,000,000
Interest rate, stated percentage	3.50%
Subsequent Event | Subordinated Debt | Subordinated Notes Due 2032 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Subsequent Event [Line Items]
Basis spread on variable rate	2.05%