Southern States Bancshares (SSBK) 10-Q 10 Nov 22 2022 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2022	Nov. 10, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
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 per share
Trading Symbol	SSBK
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		8,706,920
Entity Central Index Key	0001689731
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 17,394	$ 6,397
Interest-bearing deposits in banks	165,637	203,537
Federal funds sold	63,031	74,022
Total cash and cash equivalents	246,062	283,956
Securities available for sale, at fair value	150,718	132,172
Securities held to maturity, at amortized cost	19,657	19,672
Other equity securities, at fair value	5,694	9,232
Restricted equity securities, at cost	2,791	2,600
Loans held for sale	1,643	2,400
Loans, net of unearned income	1,524,990	1,250,300
Less allowance for loan losses	18,423	14,844
Loans, net	1,506,567	1,235,456
Premises and equipment, net	28,585	27,044
Accrued interest receivable	5,699	4,170
Bank owned life insurance	29,677	22,201
Annuities	15,564	12,888
Foreclosed assets	2,930	2,930
Goodwill	16,862	16,862
Core deposit intangible	1,302	1,500
Other assets	18,974	9,509
Total assets	2,052,725	1,782,592
Deposits:
Noninterest-bearing	499,613	541,546
Interest-bearing	1,267,479	1,014,905
Total deposits	1,767,092	1,556,451
Other borrowings	19,978	12,498
FHLB advances	26,000	25,950
Subordinated notes	47,042	0
Accrued interest payable	359	132
Other liabilities	21,929	10,363
Total liabilities	1,882,400	1,605,394
Stockholders' equity:
Preferred stock, $0.01 par value, 2,000,000 shares authorized; 0 shares issued and outstanding at September 30, 2022 and December 31, 2021	0	0
Common stock, $5 par value, 30,000,000 shares authorized; 8,705,920 and 9,012,857 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	43,529	45,064
Capital surplus	75,835	80,640
Retained earnings	63,956	49,858
Accumulated other comprehensive (loss) income	(12,403)	2,113
Unvested restricted stock	(592)	(477)
Total stockholders' equity	170,325	177,198
Total liabilities and stockholders' equity	$ 2,052,725	$ 1,782,592

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	2,000,000	2,000,000
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)	8,705,920	9,012,857
Common stock issued (in shares)	8,705,920	9,012,857

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans, including fees	$ 20,052	$ 13,923	$ 51,083	$ 40,429
Taxable securities	1,010	402	2,417	1,134
Nontaxable securities	323	266	931	729
Other interest and dividends	1,135	143	1,713	315
Total interest income	22,520	14,734	56,144	42,607
Interest expense:
Deposits	2,489	1,034	4,251	3,355
Other borrowings	596	60	1,439	435
Total interest expense	3,085	1,094	5,690	3,790
Net interest income	19,435	13,640	50,454	38,817
Provision for loan losses	1,663	750	3,667	2,250
Net interest income after provision for loan losses	17,772	12,890	46,787	36,567
Noninterest income:
Service charges on deposit accounts	$ 508	$ 403	$ 1,433	$ 1,101
Revenue, Product and Service [Extensible Enumeration]	Deposit Account [Member]	Deposit Account [Member]	Deposit Account [Member]	Deposit Account [Member]
Swap fees	$ 11	$ 101	$ 48	$ 938
SBA/USDA fees	95	130	575	3,434
Mortgage origination fees	218	393	717	1,196
Net gain (loss) on securities	(143)	189	(546)	(17)
Other operating income	650	1,293	1,847	2,399
Total noninterest income	1,339	2,509	4,074	9,051
Noninterest expenses:
Salaries and employee benefits	6,152	5,517	17,859	16,104
Equipment and occupancy expenses	764	908	2,188	2,697
Data processing fees	599	524	1,733	1,565
Regulatory assessments	235	248	760	689
Other operating expenses	2,487	1,988	6,638	5,768
Total noninterest expenses	10,237	9,185	29,178	26,823
Income before income taxes	8,874	6,214	21,683	18,795
Income tax expense	2,174	1,293	5,204	4,287
Net Income	$ 6,700	$ 4,921	$ 16,479	$ 14,508
Basic earnings per share (in dollars per share)	$ 0.77	$ 0.59	$ 1.87	$ 1.84
Dilutive earnings per share (in dollars per share)	$ 0.75	$ 0.58	$ 1.84	$ 1.82

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net Income	$ 6,700	$ 4,921	$ 16,479	$ 14,508
Other comprehensive loss:
Unrealized holding losses on securities available for sale arising during the period, net of benefit (tax)	(3,964)	(84)	(14,516)	(727)
Reclassification adjustment for gains on securities available for sale realized in net income, net of benefit (tax)	0	0	0	133
Other comprehensive loss	(3,964)	(84)	(14,516)	(594)
Comprehensive income	$ 2,736	$ 4,837	$ 1,963	$ 13,914

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding gains on securities available for sale arising during the period, tax	$ 1,393	$ 29	$ 5,100	$ 255
Reclassification adjustment for losses (gains) on securities available for sale realized in net income, benefit (tax)	$ 0		$ 0	$ 47

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 9 months ended Sep. 30, 2022 - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unvested Restricted Stock
Beginning balance (in shares) at Dec. 31, 2021		0	9,012,857
Beginning balance at Dec. 31, 2021	$ 177,198	$ 0	$ 45,064	$ 80,640	$ 49,858	$ 2,113	$ (477)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	16,479				16,479
Exercise of common stock options (in shares)			14,300
Exercise of common stock options	206		$ 71	135
Issuance of restricted stock (in shares)			24,265
Issuance of restricted stock	0		$ 121	379			(500)
Repurchase of common stock under the stock repurchase program (in shares)			(345,502)
Repurchase of common stock under the stock repurchase program	(7,356)		$ (1,727)	(5,629)
Stock-based compensation	695			310			385
Common stock dividends paid	(2,381)				(2,381)
Other comprehensive loss	(14,516)					(14,516)
Ending balance (in shares) at Sep. 30, 2022		0	8,705,920
Ending balance at Sep. 30, 2022	$ 170,325	$ 0	$ 43,529	$ 75,835	$ 63,956	$ (12,403)	$ (592)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
OPERATING ACTIVITIES
Net Income	$ 16,479	$ 14,508
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and software amortization	953	1,422
Net loss on securities	546	17
Net amortization of securities	699	696
Amortization of core deposit intangible	198	198
Provision for loan losses	3,667	2,250
Gain on sale of foreclosed assets	0	(10)
Stock-based compensation	695	607
Net decrease in loans held for sale	757	3,599
Income from bank owned life insurance	(455)	(378)
(Increase) decrease in interest receivable	(1,529)	310
Increase (decrease) in interest payable	227	(153)
Net other operating activities	7,147	(376)
Net cash provided by operating activities	29,384	22,690
INVESTING ACTIVITIES
Purchase of securities available for sale	(46,508)	(44,479)
Purchase of other equity securities	0	(9,000)
Proceeds from sale of securities available for sale	0	15,759
Proceeds from sale of other equity securities	3,129	4,995
Proceeds from maturities, calls, and paydowns of securities available for sale	7,524	8,005
Net (purchase) redemption of restricted equity securities	(191)	624
Purchase of annuities	(2,622)	0
Purchase of bank owned life insurance	(7,021)	0
Net increase in loans	(274,778)	(115,444)
Proceeds from sale of foreclosed assets	0	188
Proceeds from bank owned life insurance	0	755
Purchase of premises, equipment and software	(2,494)	(2,912)
Net cash used in investing activities	(322,961)	(141,509)
FINANCING ACTIVITIES
Net increase in deposits	210,641	196,661
Net proceeds from issuance of common stock in connection with IPO	0	20,959
Proceeds from issuance of common stock	206	165
Repurchase of common stock	(7,356)	0
Proceeds of FHLB advances	50	0
Repayment of other borrowings	0	(3,971)
Net proceeds of note payable	7,481	4,500
Net proceeds (repayment) of subordinated notes	47,042
Repayment of subordinated notes		(4,500)
Common stock dividends paid	(2,381)	(2,080)
Net cash provided by financing activities	255,683	211,734
Net (decrease) increase in cash and cash equivalents	(37,894)	92,915
Cash and cash equivalents at beginning of year	283,956	84,907
Cash and cash equivalents at end of year	246,062	177,822
Cash paid during the year for:
Interest	5,463	3,943
Income taxes	5,901	5,367
NONCASH TRANSACTIONS
Transfers of loans to foreclosed assets	0	100
Internally financed sale of foreclosed assets	$ 0	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
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, and Roanoke, Alabama as well as Columbus, Carrollton, Dallas, and Newnan, Georgia. The Bank also has two loan production offices (LPO) 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 unaudited 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 unaudited 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 September 30, 2022 and December 31, 2021. 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 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 loss. Other Equity Securities The mutual funds owned by the Company are classified as equity securities and are carried at fair value with any periodic changes in value recorded through the statement of income. 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. Loans (Continued) 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 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 September 30, 2022. 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 September 2022. 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. Core Deposit Intangible (Continued) 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 September 30, 2022 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. 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 12. 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. Recent Accounting Pronouncements (Continued) 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-public 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.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHAREBasic 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 Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Basic Earnings Per Share: Net Income $ 6,700 $ 4,921 $ 16,479 $ 14,508 Weighted average common shares outstanding 8,693,745 8,354,860 8,797,720 7,861,780 Basic earnings per share $ 0.77 $ 0.59 $ 1.87 $ 1.84 Diluted Earnings Per Share: Net income allocated to common shareholders $ 6,693 $ 4,914 $ 16,465 $ 14,487 Weighted average common shares outstanding 8,693,745 8,354,860 8,797,720 7,861,780 Net dilutive effect of: Assumed exercises of stock options 177,371 112,600 154,880 118,379 Average shares and dilutive potential common shares 8,871,116 8,467,460 8,952,600 7,980,159 Dilutive earnings per share $ 0.75 $ 0.58 $ 1.84 $ 1.82

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost and fair value of securities at September 30, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value September 30, 2022 Securities Available for Sale U.S. Treasury securities $ 9,775 $ — $ (1,250) $ 8,525 U.S. Government Sponsored Enterprises (GSEs) 2,133 — (229) 1,904 State and municipal securities 56,399 29 (8,547) 47,881 Corporate debt securities 12,529 — (721) 11,808 Asset based securities 14,698 4 (701) 14,001 Mortgage-backed GSE residential/multifamily and non-GSE 71,945 1 (5,347) 66,599 Total securities available for sale $ 167,479 $ 34 $ (16,795) $ 150,718 Securities Held to Maturity State and municipal securities 19,657 — (4,362) 15,295 Total securities held to maturity $ 19,657 $ — $ (4,362) $ 15,295 Total securities $ 187,136 $ 34 $ (21,157) $ 166,013 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 State and municipal securities 19,672 364 (126) 19,910 Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082 Securities with a carrying value of $35,322 and $46,263 at September 30, 2022 and December 31, 2021, 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 September 30, 2022 and December 31, 2021 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: September 30, 2022 December 31, 2021 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 8,343 7,802 2,766 2,790 Due after five to ten years 23,658 21,248 26,475 26,764 Due after ten years 63,533 55,069 62,651 65,196 Mortgage-backed securities 71,945 66,599 37,123 37,120 Total securities available for sale $ 167,479 $ 150,718 $ 129,317 $ 132,172 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 3,022 2,429 1,100 1,115 Due after ten years 16,635 12,866 18,572 18,795 Mortgage-backed securities — — — — Total securities held to maturity $ 19,657 $ 15,295 $ 19,672 $ 19,910 Total securities $ 187,136 $ 166,013 $ 148,989 $ 152,082 Restricted equity securities as of September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, Federal Home Loan Bank stock $ 1,866 $ 1,675 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 2,791 $ 2,600 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 September 30, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total September 30, 2022 Securities Available for Sale U.S. Treasury securities $ (507) $ 3,941 $ (743) $ 4,584 $ (1,250) U.S. Government Sponsored Enterprises (GSEs) — — (229) 1,904 (229) State and municipal securities (7,382) 41,783 (1,165) 3,928 (8,547) Corporate debt securities (436) 9,069 (285) 2,489 (721) Asset based securities (491) 10,043 (210) 3,231 (701) Mortgage-backed GSE residential/multifamily and non-GSE (4,947) 59,984 (400) 4,670 (5,347) Total securities available for sale $ (13,763) $ 124,820 $ (3,032) $ 20,806 $ (16,795) Securities Held to Maturity State and municipal securities (3,177) 11,660 (1,185) 3,634 (4,362) Total securities held to maturity $ (3,177) $ 11,660 $ (1,185) $ 3,634 $ (4,362) Total securities $ (16,940) $ 136,480 $ (4,217) $ 24,440 $ (21,157) Temporarily Impaired Securities (Continued) 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 State and municipal securities (126) 6,450 — — (126) Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562) The unrealized losses on 219 securities at September 30, 2022 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 September 30, 2022. 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 September 30, 2022 and December 31, 2021, no securities within the Company’s investment securities portfolio was considered other-than-temporarily impaired.

LOANS

LOANS	9 Months Ended
	Sep. 30, 2022
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: September 30, 2022 December 31, 2021 Amount % of Amount % of (in thousands, except percentages) Real estate mortgages: Construction and development $ 222,159 14.5% $ 174,480 13.9% Residential 164,296 10.7% 147,490 11.8% Commercial 889,942 58.2% 716,541 57.1% Commercial and industrial 243,577 15.9% 206,897 16.5% Consumer and other 10,155 0.7% 8,709 0.7% Gross Loans 1,530,129 100.0% 1,254,117 100.0% Deferred loan fees (5,139) (3,817) Allowance for loan losses (18,423) (14,844) Loans, net $ 1,506,567 $ 1,235,456 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 Plan (PPP) loans to be made by banks to employers with less than 500 employees if they continue to employ their existing workers. As of September 30, 2022, the Company does not have any loans outstanding under the PPP program. PPP loan origination fees recorded as an adjustment to loan yield for the three and nine months ended were $0 and $298, respectively. 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. 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. Credit Risk Management (Continued) • 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 September 30, 2022 and December 31, 2021: Pass Special Substandard Doubtful Total (dollars in thousands) As of September 30, 2022 Real estate mortgages: Construction and development $ 220,633 $ 1,526 $ — $ — $ 222,159 Residential 159,397 4,195 704 — 164,296 Commercial 871,316 13,743 4,883 — 889,942 Commercial and industrial 234,748 8,428 401 — 243,577 Consumer and other 10,110 37 8 — 10,155 Total $ 1,496,204 $ 27,929 $ 5,996 $ — $ 1,530,129 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 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 and leases as of September 30, 2022 and December 31, 2021: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual Total As of September 30, 2022 Real estate mortgages: Construction and development $ 221,952 $ 137 $ — $ — $ 137 $ 70 $ 222,159 Residential 163,262 391 93 — 484 550 164,296 Commercial 885,792 1,262 — — 1,262 2,888 889,942 Commercial and industrial 243,072 71 — — 71 434 243,577 Consumer and other 10,131 — 16 — 16 8 10,155 Total $ 1,524,209 $ 1,861 $ 109 $ — $ 1,970 $ 3,950 $ 1,530,129 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 Allowance for Loans Losses The following tables detail activity in the allowance for loan losses by portfolio segment as of September 30, 2022 and September 30, 2021. 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, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Provision (credit) for loan losses 1,337 2,371 (41) 3,667 Loans charged off (73) (269) (8) (350) Recoveries of loans previously charged off 46 204 12 262 Ending balance at September 30, 2022 $ 12,864 $ 5,472 $ 87 $ 18,423 Ending balance - individually evaluated for impairment $ 489 $ 331 $ — $ 820 Ending balance - collectively evaluated for impairment 12,335 5,141 87 17,563 Ending balance - loans acquired with deteriorated credit quality 40 — — 40 Total ending balance at September 30, 2022 $ 12,864 $ 5,472 $ 87 $ 18,423 Loans: Ending balance - individually evaluated for impairment $ 5,963 $ 888 $ 22 $ 6,873 Ending balance - collectively evaluated for impairment 1,269,261 242,689 10,133 1,522,083 Ending balance - loans acquired with deteriorated credit quality 1,173 — — 1,173 Total ending balance at September 30, 2022 $ 1,276,397 $ 243,577 $ 10,155 $ 1,530,129 Allowance for Loans Losses (Continued) 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 2,761 (442) (69) 2,250 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 12 14 8 34 Ending balance at September 30, 2021 $ 10,786 $ 3,181 $ 130 $ 14,097 Ending balance - individually evaluated for impairment $ 288 $ 307 $ 4 $ 599 Ending balance - collectively evaluated for impairment 10,421 2,874 126 13,421 Ending balance - loans acquired with deteriorated credit quality 77 — — 77 Total ending balance at September 30, 2021 $ 10,786 $ 3,181 $ 130 $ 14,097 Loans: Ending balance - individually evaluated for impairment $ 16,105 $ 332 $ 30 $ 16,467 Ending balance - collectively evaluated for impairment 924,406 198,218 8,949 1,131,573 Ending balance - loans acquired with deteriorated credit quality 1,300 — — 1,300 Total ending balance at September 30, 2021 $ 941,811 $ 198,550 $ 8,979 $ 1,149,340 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 September 30, 2022 and December 31, 2021. Recorded Unpaid Related Average September 30, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 387 $ 387 $ — $ 403 Residential 1,149 1,149 — 1,178 Commercial 4,129 4,129 — 4,180 Commercial and industrial 527 527 — 517 Consumer and other 22 22 — 18 Total with no related allowance recorded 6,214 6,214 — 6,296 With an allowance recorded: Real estate mortgages: Construction and development 94 94 41 96 Residential 235 306 71 240 Commercial 1,142 1,142 417 515 Commercial and industrial 361 361 331 271 Consumer and other — — — — Total with an allowance recorded 1,832 1,903 860 1,122 Total impaired loans $ 8,046 $ 8,117 $ 860 $ 7,418 Impaired Loans (Continued) Recorded Unpaid Related Average December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 Residential 1,081 1,081 — 1,090 Commercial 7,992 7,992 — 7,993 Commercial and industrial 22 22 — 25 Consumer and other 15 15 — 16 Total with no related allowance recorded 14,368 14,368 — 14,385 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 Residential 633 704 125 636 Commercial 680 680 136 682 Commercial and industrial 285 285 292 289 Consumer and other 11 11 3 11 Total with an allowance recorded 1,979 2,050 704 1,988 Total impaired loans $ 16,347 $ 16,418 $ 704 $ 16,373 Impaired Loans (Continued) 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 interest income recognized on impaired loans, by portfolio class in the nine months ended September 30, 2022 and 2021. Recorded Average Interest Nine Months Ended September 30, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 387 $ 403 $ 14 Residential 1,149 1,178 45 Commercial 4,129 4,180 208 Commercial and industrial 527 517 22 Consumer and other 22 18 1 Total with no related allowance recorded 6,214 6,296 290 With an allowance recorded: Real estate mortgages: Construction and development 94 96 4 Residential 235 240 8 Commercial 1,142 515 24 Commercial and industrial 361 271 17 Consumer and other — — — Total with an allowance recorded 1,832 1,122 53 Total impaired loans $ 8,046 $ 7,418 $ 343 Impaired Loans (Continued) Recorded Average Interest Nine Months Ended September 30, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,049 $ 5,063 $ 113 Residential 1,236 1,694 59 Commercial 8,987 8,328 242 Commercial and industrial 32 45 2 Consumer and other 18 22 1 Total with no related allowance recorded 15,322 15,152 417 With an allowance recorded: Real estate mortgages: Construction and development 1,376 1,382 14 Residential 478 490 12 Commercial 279 280 7 Commercial and industrial 300 319 11 Consumer and other 12 13 — Total with an allowance recorded 2,445 2,484 44 Total impaired loans $ 17,767 $ 17,636 $ 461

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
DEPOSITS	DEPOSITS Major classifications of deposits are as follows: September 30, December 31, Noninterest-bearing transaction $ 499,613 $ 541,546 Interest-bearing transaction 855,350 704,326 Savings 78,687 56,715 Time deposits, $250,000 and under 266,491 224,556 Time deposits, over $250,000 66,951 29,308 Total $ 1,767,092 $ 1,556,451 Brokered deposits totaled $65,989 at September 30, 2022 and $34,110 at December 31, 2021. The scheduled maturities of time deposits at September 30, 2022 are as follows: October 1, 2022 – September 30, 2023 $ 192,141 October 1, 2023 – September 30, 2024 123,138 October 1, 2024 – September 30, 2025 13,066 October 1, 2025 – September 30, 2026 2,740 October 1, 2026 – September 30, 2027 2,216 Thereafter 141 Total $ 333,442 At September 30, 2022 and December 31, 2021, overdrawn transaction accounts reclassified to loans totaled $130 and $208, respectively.

SUBORDINATED NOTES

SUBORDINATED NOTES	9 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
SUBORDINATED NOTES	SUBORDINATED NOTES On June 23, 2016, the Company issued $4,500 of Fixed-to-Floating Rate Subordinated Notes due July 2026 (the “2026 Notes”). The 2026 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 2026 Notes, in whole or in part, at a redemption price equal to the outstanding principal amount of the 2026 Notes to be redeemed plus accrued and unpaid interest to, but excluding, the date of redemption. Issuance costs related to the 2026 Notes totaled $79 and were netted against the subordinated notes liability on the balance sheet. At September 30, 2022 and December 31, 2021, there was no remaining balance of the debt issuance cost related to the 2026 Notes. On June 23, 2021, the Company redeemed all of the outstanding 2026 Notes. On February 7, 2022, the Company issued $48,000 of Fixed-to-Floating Rate Subordinated Notes due February 2032 (the “Notes”). The Notes bear interest at 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. Issuance costs related to the Notes totaled $1,093 and have been netted against the subordinated notes liability on the balance sheet. At September 30, 2022, the remaining balance of the debt issuance cost was $958. The debt issuance costs are being amortized using the straight line method over sixty months and are recorded as a component of interest expense.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 and December 31, 2021. As of September 30, 2022, the Company has posted cash collateral of $8,770. The amount of loss recognized in income on derivatives as a fair value adjustment and fee income, for the nine months ended September 30, 2022, were $45 and $3, respectively. September 30, 2022 December 31, 2021 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 74,284 Other Assets $ 9,290 Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products 74,284 Other Liabilities (9,304) Interest Rate Products 77,534 Other Liabilities (1,843) 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 September 30, 2022, 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 $9,358. If the Company had breached any of these provisions at September 30, 2022, it could have been required to settle its obligations under the agreements at their termination value of $9,358, less the required collateral of $8,770.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
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: September 30, December 31, Commitments to extend credit $ 467,662 $ 314,194 Standby letters of credit 5,727 3,434 Total $ 473,389 $ 317,628 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 nine months ended September 30, 2022 and September 30, 2021. 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	9 Months Ended
	Sep. 30, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT	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.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY As of September 30, 2022, the Company had 8,705,920 shares of common stock issued and outstanding and does not have any non-voting shares issued and outstanding. As of December 31, 2021, the Company had 9,012,857 shares of common stock issued and outstanding and does not have any non-voting shares issued and outstanding.

REGULATORY MATTERS

REGULATORY MATTERS	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022, approximately $52,436 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 September 30, 2022 and December 31, 2021, that the Bank meets all capital adequacy requirements to which it is subject. As of September 30, 2022, 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 (dollars in thousands) As of September 30, 2022 Tier 1 capital (to average assets) Company $ 164,564 8.44 % $ 78,019 4.00 % $ — — Bank $ 224,145 11.49 % $ 78,019 4.00 % $ 97,524 5.00 % CET 1 capital (to risk-weighted assets) Company $ 164,564 8.73 % $ 131,929 7.00 % $ — — Bank $ 224,145 11.89 % $ 131,929 7.00 % $ 122,505 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 164,564 8.73 % $ 160,199 8.50 % $ — — Bank $ 224,145 11.89 % $ 160,199 8.50 % $ 150,776 8.00 % Total capital (to risk-weighted assets) Company $ 230,987 12.26 % $ 197,893 10.50 % $ — — Bank $ 242,568 12.87 % $ 197,893 10.50 % $ 188,470 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) 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 %

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	9 Months Ended
	Sep. 30, 2022
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. 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. Fair Value Hierarchy (Continued) 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 September 30, 2022 and December 31, 2021 is as follows: Assets Measured at Fair Value on a Recurring Basis (Continued) Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant September 30, 2022 U.S. Treasury securities $ 8,525 $ — $ 8,525 $ — U.S. Government Sponsored Enterprises (GSEs) 1,904 — 1,904 — State and municipal securities 47,881 — 47,881 — Corporate debt securities 11,808 — 11,808 — Asset based securities 14,001 — 14,001 — Mortgage-backed GSE residential/multifamily and non-GSE 66,599 — 66,599 — Other equity securities 5,694 4,079 — 1,615 Interest Rate Products - asset 9,290 — 9,290 — Interest Rate Products - liabilities (9,304) — (9,304) — 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) — 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 measure 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 September 30, 2022 and December 31, 2021: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant September 30, 2022 Impaired loans $ 1,413 $ — $ — $ 1,413 Foreclosed assets 2,930 — — 2,930 Totals $ 4,343 $ — $ — $ 4,343 Assets Measured at Fair Value on a Nonrecurring Basis (Continued) Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Other Significant December 31, 2021 Impaired loans $ 7,718 $ — $ — $ 7,718 Foreclosed assets 2,930 — — 2,930 Totals $ 10,648 $ — $ — $ 10,648 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 $8,046 and $16,347 with a specific valuation allowance of $860 and $704 at September 30, 2022 and December 31, 2021, respectively. Of the $8,046 and $16,347 impaired loan portfolio, $2,274 and $8,422 were carried at fair value as a result of charge offs, specific valuation allowances, and the fair market adjustments at September 30, 2022 and December 31, 2021, respectively. The remaining $5,772 and $7,925 was carried at cost, as the fair value of the collateral on these loans exceeded the book value for each individual credit at September 30, 2022 and December 31, 2021, respectively. Charge offs and changes in specific valuation allowances at September 30, 2022 and December 31, 2021 on impaired loans carried at fair value resulted in additional provision for loan losses of $306 and $40, 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 For Level 3 assets measured at fair value on a recurring basis as of September 30, 2022, 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 $ 1,615 Discounted cash flow Discount rate (%) N/A 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 nonrecurring basis as of September 30, 2022, 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 $ 1,413 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 2,930 Appraisal Appraisal discounts (%) 10-15% 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% Fair Value of Financial Instruments The carrying amount and estimated fair value of the Company’s financial instruments were as follows: September 30, 2022 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 246,062 $ 246,062 $ — $ — Securities available for sale 150,718 — 150,718 — Other equity securities 5,694 4,079 — 1,615 Loans held for sale 1,643 — 1,643 — Trading assets 9,290 — 9,290 — Loans, net 1,506,567 — 1,466,917 1,413 Bank owned life insurance 29,677 — 29,677 — Annuities 15,564 — 15,564 — Accrued interest receivable 5,699 — 5,699 — Restricted equity securities 2,791 — — 2,791 Financial liabilities: Deposits $ 1,767,092 $ — $ 1,618,351 $ — Trading liabilities 9,304 — 9,304 — FHLB advances 26,000 — 25,777 — Other borrowings 19,978 — 19,978 — Subordinated notes 47,042 — 47,042 — Accrued interest payable 359 — 359 — Fair Value of Financial Instruments (Continued) 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 —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS. On October 26, 2022, the Company entered into Subordinated Note Purchase Agreements (each, a “Purchase Agreement”) with certain “accredited investors,” as defined in Rule 501(a) of Regulation D under the Securities Act, and “qualified institutional buyers,” as defined in Rule 144A under the Securities Act, (the “Purchasers” and each, a “Purchaser”) pursuant to which the Company issued and sold $40.0 million in aggregate principal amount of its 7.00% Fixed-to-Floating Rate Subordinated Notes due 2032 (the “2032 Notes”). The 2032 Notes were offered and sold by the Company in a private placement transaction in reliance on exemptions from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D thereunder. The Company intends to use the net proceeds from the sale of the 2032 Notes for general corporate purposes. The 2032 Notes mature on October 26, 2032 and bear interest at an initial fixed rate of 7.00% per annum, payable quarterly in arrears. From and including October 26, 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 306 basis points, payable quarterly in arrears. The Company will be entitled to redeem the 2032 Notes, in whole or in part, on any interest payment on or after October 26, 2027, and to redeem the 2032 Notes in whole upon certain other events. Mark Chambers, Sr., who serves as a director of the Company and the Company’s president, and the chief executive officer of Southern States Bank, a wholly-owned subsidiary of the Company, purchased $100,000 of the Notes, and James Henry Smith IV, who serves as a director of the Company, purchased $200,000 of the Notes, in each case on the same terms as the other Purchasers.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Accounting Estimates	Basis of Presentation and Accounting Estimates The unaudited 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 unaudited 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 September 30, 2022 and December 31, 2021.
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 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 loss. Other Equity Securities The mutual funds owned by the Company are classified as equity securities and are carried at fair value with any periodic changes in value recorded through the statement of income.
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. Loans (Continued) 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 EquipmentLand 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.
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 September 30, 2022. 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 September 2022. 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. Core Deposit Intangible (Continued) 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 September 30, 2022 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. 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 (Loss)	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 12. 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. Recent Accounting Pronouncements (Continued) 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-public 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.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Property, Plant and Equipment	The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	For the Three Months Ended September 30, For the Nine Months Ended September 30, 2022 2021 2022 2021 Basic Earnings Per Share: Net Income $ 6,700 $ 4,921 $ 16,479 $ 14,508 Weighted average common shares outstanding 8,693,745 8,354,860 8,797,720 7,861,780 Basic earnings per share $ 0.77 $ 0.59 $ 1.87 $ 1.84 Diluted Earnings Per Share: Net income allocated to common shareholders $ 6,693 $ 4,914 $ 16,465 $ 14,487 Weighted average common shares outstanding 8,693,745 8,354,860 8,797,720 7,861,780 Net dilutive effect of: Assumed exercises of stock options 177,371 112,600 154,880 118,379 Average shares and dilutive potential common shares 8,871,116 8,467,460 8,952,600 7,980,159 Dilutive earnings per share $ 0.75 $ 0.58 $ 1.84 $ 1.82

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The amortized cost and fair value of securities at September 30, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value September 30, 2022 Securities Available for Sale U.S. Treasury securities $ 9,775 $ — $ (1,250) $ 8,525 U.S. Government Sponsored Enterprises (GSEs) 2,133 — (229) 1,904 State and municipal securities 56,399 29 (8,547) 47,881 Corporate debt securities 12,529 — (721) 11,808 Asset based securities 14,698 4 (701) 14,001 Mortgage-backed GSE residential/multifamily and non-GSE 71,945 1 (5,347) 66,599 Total securities available for sale $ 167,479 $ 34 $ (16,795) $ 150,718 Securities Held to Maturity State and municipal securities 19,657 — (4,362) 15,295 Total securities held to maturity $ 19,657 $ — $ (4,362) $ 15,295 Total securities $ 187,136 $ 34 $ (21,157) $ 166,013 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 State and municipal securities 19,672 364 (126) 19,910 Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082
Schedule of Debt Securities, Held-to-maturity	The amortized cost and fair value of securities at September 30, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value September 30, 2022 Securities Available for Sale U.S. Treasury securities $ 9,775 $ — $ (1,250) $ 8,525 U.S. Government Sponsored Enterprises (GSEs) 2,133 — (229) 1,904 State and municipal securities 56,399 29 (8,547) 47,881 Corporate debt securities 12,529 — (721) 11,808 Asset based securities 14,698 4 (701) 14,001 Mortgage-backed GSE residential/multifamily and non-GSE 71,945 1 (5,347) 66,599 Total securities available for sale $ 167,479 $ 34 $ (16,795) $ 150,718 Securities Held to Maturity State and municipal securities 19,657 — (4,362) 15,295 Total securities held to maturity $ 19,657 $ — $ (4,362) $ 15,295 Total securities $ 187,136 $ 34 $ (21,157) $ 166,013 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 State and municipal securities 19,672 364 (126) 19,910 Total securities held to maturity $ 19,672 $ 364 $ (126) $ 19,910 Total securities $ 148,989 $ 3,655 $ (562) $ 152,082
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 September 30, 2022 and December 31, 2021 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: September 30, 2022 December 31, 2021 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 8,343 7,802 2,766 2,790 Due after five to ten years 23,658 21,248 26,475 26,764 Due after ten years 63,533 55,069 62,651 65,196 Mortgage-backed securities 71,945 66,599 37,123 37,120 Total securities available for sale $ 167,479 $ 150,718 $ 129,317 $ 132,172 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 3,022 2,429 1,100 1,115 Due after ten years 16,635 12,866 18,572 18,795 Mortgage-backed securities — — — — Total securities held to maturity $ 19,657 $ 15,295 $ 19,672 $ 19,910 Total securities $ 187,136 $ 166,013 $ 148,989 $ 152,082
Schedule of Restricted Investments	Restricted equity securities as of September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, Federal Home Loan Bank stock $ 1,866 $ 1,675 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 2,791 $ 2,600
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 September 30, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total September 30, 2022 Securities Available for Sale U.S. Treasury securities $ (507) $ 3,941 $ (743) $ 4,584 $ (1,250) U.S. Government Sponsored Enterprises (GSEs) — — (229) 1,904 (229) State and municipal securities (7,382) 41,783 (1,165) 3,928 (8,547) Corporate debt securities (436) 9,069 (285) 2,489 (721) Asset based securities (491) 10,043 (210) 3,231 (701) Mortgage-backed GSE residential/multifamily and non-GSE (4,947) 59,984 (400) 4,670 (5,347) Total securities available for sale $ (13,763) $ 124,820 $ (3,032) $ 20,806 $ (16,795) Securities Held to Maturity State and municipal securities (3,177) 11,660 (1,185) 3,634 (4,362) Total securities held to maturity $ (3,177) $ 11,660 $ (1,185) $ 3,634 $ (4,362) Total securities $ (16,940) $ 136,480 $ (4,217) $ 24,440 $ (21,157) Temporarily Impaired Securities (Continued) 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 State and municipal securities (126) 6,450 — — (126) Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562)
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 September 30, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total September 30, 2022 Securities Available for Sale U.S. Treasury securities $ (507) $ 3,941 $ (743) $ 4,584 $ (1,250) U.S. Government Sponsored Enterprises (GSEs) — — (229) 1,904 (229) State and municipal securities (7,382) 41,783 (1,165) 3,928 (8,547) Corporate debt securities (436) 9,069 (285) 2,489 (721) Asset based securities (491) 10,043 (210) 3,231 (701) Mortgage-backed GSE residential/multifamily and non-GSE (4,947) 59,984 (400) 4,670 (5,347) Total securities available for sale $ (13,763) $ 124,820 $ (3,032) $ 20,806 $ (16,795) Securities Held to Maturity State and municipal securities (3,177) 11,660 (1,185) 3,634 (4,362) Total securities held to maturity $ (3,177) $ 11,660 $ (1,185) $ 3,634 $ (4,362) Total securities $ (16,940) $ 136,480 $ (4,217) $ 24,440 $ (21,157) Temporarily Impaired Securities (Continued) 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 State and municipal securities (126) 6,450 — — (126) Total securities held to maturity $ (126) $ 6,450 $ — $ — $ (126) Total securities $ (483) $ 42,076 $ (79) $ 5,527 $ (562)

LOANS (Tables)

LOANS (Tables)	9 Months Ended
	Sep. 30, 2022
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: September 30, 2022 December 31, 2021 Amount % of Amount % of (in thousands, except percentages) Real estate mortgages: Construction and development $ 222,159 14.5% $ 174,480 13.9% Residential 164,296 10.7% 147,490 11.8% Commercial 889,942 58.2% 716,541 57.1% Commercial and industrial 243,577 15.9% 206,897 16.5% Consumer and other 10,155 0.7% 8,709 0.7% Gross Loans 1,530,129 100.0% 1,254,117 100.0% Deferred loan fees (5,139) (3,817) Allowance for loan losses (18,423) (14,844) Loans, net $ 1,506,567 $ 1,235,456
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 September 30, 2022 and December 31, 2021: Pass Special Substandard Doubtful Total (dollars in thousands) As of September 30, 2022 Real estate mortgages: Construction and development $ 220,633 $ 1,526 $ — $ — $ 222,159 Residential 159,397 4,195 704 — 164,296 Commercial 871,316 13,743 4,883 — 889,942 Commercial and industrial 234,748 8,428 401 — 243,577 Consumer and other 10,110 37 8 — 10,155 Total $ 1,496,204 $ 27,929 $ 5,996 $ — $ 1,530,129 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
Schedule of Aging Analysis	The following tables present the aging of the recorded investment in loans and leases as of September 30, 2022 and December 31, 2021: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual Total As of September 30, 2022 Real estate mortgages: Construction and development $ 221,952 $ 137 $ — $ — $ 137 $ 70 $ 222,159 Residential 163,262 391 93 — 484 550 164,296 Commercial 885,792 1,262 — — 1,262 2,888 889,942 Commercial and industrial 243,072 71 — — 71 434 243,577 Consumer and other 10,131 — 16 — 16 8 10,155 Total $ 1,524,209 $ 1,861 $ 109 $ — $ 1,970 $ 3,950 $ 1,530,129 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
Schedule of Allowance for Credit Loss	The following tables detail activity in the allowance for loan losses by portfolio segment as of September 30, 2022 and September 30, 2021. 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, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Provision (credit) for loan losses 1,337 2,371 (41) 3,667 Loans charged off (73) (269) (8) (350) Recoveries of loans previously charged off 46 204 12 262 Ending balance at September 30, 2022 $ 12,864 $ 5,472 $ 87 $ 18,423 Ending balance - individually evaluated for impairment $ 489 $ 331 $ — $ 820 Ending balance - collectively evaluated for impairment 12,335 5,141 87 17,563 Ending balance - loans acquired with deteriorated credit quality 40 — — 40 Total ending balance at September 30, 2022 $ 12,864 $ 5,472 $ 87 $ 18,423 Loans: Ending balance - individually evaluated for impairment $ 5,963 $ 888 $ 22 $ 6,873 Ending balance - collectively evaluated for impairment 1,269,261 242,689 10,133 1,522,083 Ending balance - loans acquired with deteriorated credit quality 1,173 — — 1,173 Total ending balance at September 30, 2022 $ 1,276,397 $ 243,577 $ 10,155 $ 1,530,129 Allowance for Loans Losses (Continued) 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 2,761 (442) (69) 2,250 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 12 14 8 34 Ending balance at September 30, 2021 $ 10,786 $ 3,181 $ 130 $ 14,097 Ending balance - individually evaluated for impairment $ 288 $ 307 $ 4 $ 599 Ending balance - collectively evaluated for impairment 10,421 2,874 126 13,421 Ending balance - loans acquired with deteriorated credit quality 77 — — 77 Total ending balance at September 30, 2021 $ 10,786 $ 3,181 $ 130 $ 14,097 Loans: Ending balance - individually evaluated for impairment $ 16,105 $ 332 $ 30 $ 16,467 Ending balance - collectively evaluated for impairment 924,406 198,218 8,949 1,131,573 Ending balance - loans acquired with deteriorated credit quality 1,300 — — 1,300 Total ending balance at September 30, 2021 $ 941,811 $ 198,550 $ 8,979 $ 1,149,340
Schedule of Impaired Loans	The following tables detail our impaired loans, by portfolio class as of September 30, 2022 and December 31, 2021. Recorded Unpaid Related Average September 30, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 387 $ 387 $ — $ 403 Residential 1,149 1,149 — 1,178 Commercial 4,129 4,129 — 4,180 Commercial and industrial 527 527 — 517 Consumer and other 22 22 — 18 Total with no related allowance recorded 6,214 6,214 — 6,296 With an allowance recorded: Real estate mortgages: Construction and development 94 94 41 96 Residential 235 306 71 240 Commercial 1,142 1,142 417 515 Commercial and industrial 361 361 331 271 Consumer and other — — — — Total with an allowance recorded 1,832 1,903 860 1,122 Total impaired loans $ 8,046 $ 8,117 $ 860 $ 7,418 Impaired Loans (Continued) Recorded Unpaid Related Average December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 Residential 1,081 1,081 — 1,090 Commercial 7,992 7,992 — 7,993 Commercial and industrial 22 22 — 25 Consumer and other 15 15 — 16 Total with no related allowance recorded 14,368 14,368 — 14,385 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 Residential 633 704 125 636 Commercial 680 680 136 682 Commercial and industrial 285 285 292 289 Consumer and other 11 11 3 11 Total with an allowance recorded 1,979 2,050 704 1,988 Total impaired loans $ 16,347 $ 16,418 $ 704 $ 16,373 Impaired Loans (Continued) 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 interest income recognized on impaired loans, by portfolio class in the nine months ended September 30, 2022 and 2021. Recorded Average Interest Nine Months Ended September 30, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 387 $ 403 $ 14 Residential 1,149 1,178 45 Commercial 4,129 4,180 208 Commercial and industrial 527 517 22 Consumer and other 22 18 1 Total with no related allowance recorded 6,214 6,296 290 With an allowance recorded: Real estate mortgages: Construction and development 94 96 4 Residential 235 240 8 Commercial 1,142 515 24 Commercial and industrial 361 271 17 Consumer and other — — — Total with an allowance recorded 1,832 1,122 53 Total impaired loans $ 8,046 $ 7,418 $ 343 Impaired Loans (Continued) Recorded Average Interest Nine Months Ended September 30, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,049 $ 5,063 $ 113 Residential 1,236 1,694 59 Commercial 8,987 8,328 242 Commercial and industrial 32 45 2 Consumer and other 18 22 1 Total with no related allowance recorded 15,322 15,152 417 With an allowance recorded: Real estate mortgages: Construction and development 1,376 1,382 14 Residential 478 490 12 Commercial 279 280 7 Commercial and industrial 300 319 11 Consumer and other 12 13 — Total with an allowance recorded 2,445 2,484 44 Total impaired loans $ 17,767 $ 17,636 $ 461

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
Composition of Deposits	Major classifications of deposits are as follows: September 30, December 31, Noninterest-bearing transaction $ 499,613 $ 541,546 Interest-bearing transaction 855,350 704,326 Savings 78,687 56,715 Time deposits, $250,000 and under 266,491 224,556 Time deposits, over $250,000 66,951 29,308 Total $ 1,767,092 $ 1,556,451
Time Deposit Maturities	The scheduled maturities of time deposits at September 30, 2022 are as follows: October 1, 2022 – September 30, 2023 $ 192,141 October 1, 2023 – September 30, 2024 123,138 October 1, 2024 – September 30, 2025 13,066 October 1, 2025 – September 30, 2026 2,740 October 1, 2026 – September 30, 2027 2,216 Thereafter 141 Total $ 333,442

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments on the Balance Sheet	September 30, 2022 December 31, 2021 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 74,284 Other Assets $ 9,290 Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products 74,284 Other Liabilities (9,304) Interest Rate Products 77,534 Other Liabilities (1,843)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loan Commitments	A summary of the Company’s commitments is as follows: September 30, December 31, Commitments to extend credit $ 467,662 $ 314,194 Standby letters of credit 5,727 3,434 Total $ 473,389 $ 317,628

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	9 Months Ended
	Sep. 30, 2022
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Regulatory Capital and Ratios	As of September 30, 2022, 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 (dollars in thousands) As of September 30, 2022 Tier 1 capital (to average assets) Company $ 164,564 8.44 % $ 78,019 4.00 % $ — — Bank $ 224,145 11.49 % $ 78,019 4.00 % $ 97,524 5.00 % CET 1 capital (to risk-weighted assets) Company $ 164,564 8.73 % $ 131,929 7.00 % $ — — Bank $ 224,145 11.89 % $ 131,929 7.00 % $ 122,505 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 164,564 8.73 % $ 160,199 8.50 % $ — — Bank $ 224,145 11.89 % $ 160,199 8.50 % $ 150,776 8.00 % Total capital (to risk-weighted assets) Company $ 230,987 12.26 % $ 197,893 10.50 % $ — — Bank $ 242,568 12.87 % $ 197,893 10.50 % $ 188,470 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) 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 %

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2022
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 September 30, 2022 and December 31, 2021 is as follows: Assets Measured at Fair Value on a Recurring Basis (Continued) Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant September 30, 2022 U.S. Treasury securities $ 8,525 $ — $ 8,525 $ — U.S. Government Sponsored Enterprises (GSEs) 1,904 — 1,904 — State and municipal securities 47,881 — 47,881 — Corporate debt securities 11,808 — 11,808 — Asset based securities 14,001 — 14,001 — Mortgage-backed GSE residential/multifamily and non-GSE 66,599 — 66,599 — Other equity securities 5,694 4,079 — 1,615 Interest Rate Products - asset 9,290 — 9,290 — Interest Rate Products - liabilities (9,304) — (9,304) — 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) — The carrying amount and estimated fair value of the Company’s financial instruments were as follows: September 30, 2022 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 246,062 $ 246,062 $ — $ — Securities available for sale 150,718 — 150,718 — Other equity securities 5,694 4,079 — 1,615 Loans held for sale 1,643 — 1,643 — Trading assets 9,290 — 9,290 — Loans, net 1,506,567 — 1,466,917 1,413 Bank owned life insurance 29,677 — 29,677 — Annuities 15,564 — 15,564 — Accrued interest receivable 5,699 — 5,699 — Restricted equity securities 2,791 — — 2,791 Financial liabilities: Deposits $ 1,767,092 $ — $ 1,618,351 $ — Trading liabilities 9,304 — 9,304 — FHLB advances 26,000 — 25,777 — Other borrowings 19,978 — 19,978 — Subordinated notes 47,042 — 47,042 — Accrued interest payable 359 — 359 — Fair Value of Financial Instruments (Continued) 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 Measurements, Nonrecurring	Assets measured at fair value on a nonrecurring basis are included in the table below as of September 30, 2022 and December 31, 2021: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant September 30, 2022 Impaired loans $ 1,413 $ — $ — $ 1,413 Foreclosed assets 2,930 — — 2,930 Totals $ 4,343 $ — $ — $ 4,343 Assets Measured at Fair Value on a Nonrecurring Basis (Continued) Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Other Significant December 31, 2021 Impaired loans $ 7,718 $ — $ — $ 7,718 Foreclosed assets 2,930 — — 2,930 Totals $ 10,648 $ — $ — $ 10,648
Fair Value Measurement Inputs and Valuation Techniques	For Level 3 assets measured at fair value on a recurring basis as of September 30, 2022, 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 $ 1,615 Discounted cash flow Discount rate (%) N/A 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 nonrecurring basis as of September 30, 2022, 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 $ 1,413 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 2,930 Appraisal Appraisal discounts (%) 10-15% 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%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) office	Dec. 31, 2021 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of loan production offices | office	2
Reserve balances, federal reserve bank	$ 0	$ 0
Goodwill, impairment loss	$ 0
Core Deposits
Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, remaining amortization period	7 years
Impairment of intangible assets, finite-lived	$ 0

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property, Plant and Equipment (Details)	9 Months Ended
	Sep. 30, 2022
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	10 years
Minimum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	3 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	39 years
Maximum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	7 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Basic Earnings Per Share:
Net Income	$ 6,700,000	$ 4,921,000	$ 16,479,000	$ 14,508,000
Weighted average common shares outstanding (in shares)	8,693,745	8,354,860	8,797,720	7,861,780
Basic earnings per share (in dollars per share)	$ 0.77	$ 0.59	$ 1.87	$ 1.84
Diluted Earnings Per Share:
Net income allocated to common shareholders (in shares)	$ 6,693,000	$ 4,914,000	$ 16,465,000	$ 14,487,000
Weighted average common shares outstanding (in shares)	8,693,745	8,354,860	8,797,720	7,861,780
Net dilutive effect of:
Assumed exercises of stock options (in shares)	177,371	112,600	154,880	118,379
Average shares and dilutive potential common shares (in shares)	8,871,116	8,467,460	8,952,600	7,980,159
Dilutive earnings per share (in dollars per share)	$ 0.75	$ 0.58	$ 1.84	$ 1.82

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 167,479	$ 129,317
Gross Unrealized Gains	34	3,291
Gross Unrealized Losses	(16,795)	(436)
Securities available for sale, at fair value	150,718	132,172
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,657	19,672
Gross Unrealized Gains	0	364
Gross Unrealized Losses	(4,362)	(126)
Securities held to maturity, at amortized cost	15,295	19,910
Total securities
Amortized Cost	187,136	148,989
Gross Unrealized Gains	34	3,655
Gross Unrealized Losses	(21,157)	(562)
Fair Value	166,013	152,082
Debt securities restricted	35,322	46,263
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,775	7,820
Gross Unrealized Gains	0	22
Gross Unrealized Losses	(1,250)	(20)
Securities available for sale, at fair value	8,525	7,822
U.S. Government Sponsored Enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,133	9,228
Gross Unrealized Gains	0	68
Gross Unrealized Losses	(229)	(103)
Securities available for sale, at fair value	1,904	9,193
State and municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	56,399	54,236
Gross Unrealized Gains	29	2,611
Gross Unrealized Losses	(8,547)	(66)
Securities available for sale, at fair value	47,881	56,781
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,657	19,672
Gross Unrealized Gains	0	364
Gross Unrealized Losses	(4,362)	(126)
Securities held to maturity, at amortized cost	15,295	19,910
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,529	10,530
Gross Unrealized Gains	0	289
Gross Unrealized Losses	(721)	(35)
Securities available for sale, at fair value	11,808	10,784
Asset based securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	14,698	10,380
Gross Unrealized Gains	4	116
Gross Unrealized Losses	(701)	(24)
Securities available for sale, at fair value	14,001	10,472
Mortgage-backed GSE residential/multifamily and non-GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	71,945	37,123
Gross Unrealized Gains	1	185
Gross Unrealized Losses	(5,347)	(188)
Securities available for sale, at fair value	$ 66,599	$ 37,120

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Amortized Cost
Due in less than one year	$ 0	$ 302
Due from one year to five years	8,343	2,766
Due after five to ten years	23,658	26,475
Due after ten years	63,533	62,651
Mortgage-backed securities	71,945	37,123
Amortized Cost	167,479	129,317
Fair Value
Due in less than one year	0	302
Due from one year to five years	7,802	2,790
Due after five to ten years	21,248	26,764
Due after ten years	55,069	65,196
Mortgage-backed securities	66,599	37,120
Securities available for sale, at fair value	150,718	132,172
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	3,022	1,100
Due after ten years	16,635	18,572
Mortgage-backed securities	0	0
Amortized Cost	19,657	19,672
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	2,429	1,115
Due after ten years	12,866	18,795
Mortgage-backed securities	0	0
Securities held to maturity, at amortized cost	15,295	19,910
Total securities
Amortized Cost	187,136	148,989
Fair Value	$ 166,013	$ 152,082

SECURITIES - Restricted Equity

SECURITIES - Restricted Equity Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	$ 2,791	$ 2,600
Federal Home Loan Bank stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	1,866	1,675
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) loan in Thousands, $ in Thousands	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($)
Gross Unrealized Losses
Less Than Twelve Months	$ (13,763)	$ (357)
Over Twelve Months	(3,032)	(79)
Total Unrealized Losses	(16,795)	(436)
Fair Value
Less Than Twelve Months	124,820	35,626
Over Twelve Months	20,806	5,527
Gross Unrealized Losses
Less Than Twelve Months	(3,177)	(126)
Over Twelve Months	(1,185)	0
Total Unrealized Losses	(4,362)	(126)
Fair Value
Less Than Twelve Months	11,660	6,450
Over Twelve Months	3,634	0
Gross Unrealized Losses
Less Than Twelve Months	(16,940)	(483)
Over Twelve Months	(4,217)	(79)
Total Unrealized Losses	(21,157)	(562)
Fair Value
Less Than Twelve Months	136,480	42,076
Over Twelve Months	$ 24,440	5,527
Number of securities in loss position | loan	219
U.S. Treasury securities
Gross Unrealized Losses
Less Than Twelve Months	$ (507)	(20)
Over Twelve Months	(743)	0
Total Unrealized Losses	(1,250)	(20)
Fair Value
Less Than Twelve Months	3,941	5,347
Over Twelve Months	4,584	0
U.S. Government Sponsored Enterprises (GSEs)
Gross Unrealized Losses
Less Than Twelve Months	0	(57)
Over Twelve Months	(229)	(46)
Total Unrealized Losses	(229)	(103)
Fair Value
Less Than Twelve Months	0	1,946
Over Twelve Months	1,904	1,899
State and municipal securities
Gross Unrealized Losses
Less Than Twelve Months	(7,382)	(66)
Over Twelve Months	(1,165)	0
Total Unrealized Losses	(8,547)	(66)
Fair Value
Less Than Twelve Months	41,783	6,270
Over Twelve Months	3,928	0
Gross Unrealized Losses
Less Than Twelve Months	(3,177)	(126)
Over Twelve Months	(1,185)	0
Total Unrealized Losses	(4,362)	(126)
Fair Value
Less Than Twelve Months	11,660	6,450
Over Twelve Months	3,634	0
Corporate debt securities
Gross Unrealized Losses
Less Than Twelve Months	(436)	(35)
Over Twelve Months	(285)	0
Total Unrealized Losses	(721)	(35)
Fair Value
Less Than Twelve Months	9,069	2,995
Over Twelve Months	2,489	0
Asset based securities
Gross Unrealized Losses
Less Than Twelve Months	(491)	(21)
Over Twelve Months	(210)	(3)
Total Unrealized Losses	(701)	(24)
Fair Value
Less Than Twelve Months	10,043	2,842
Over Twelve Months	3,231	879
Mortgage-backed GSE residential/multifamily and non-GSE
Gross Unrealized Losses
Less Than Twelve Months	(4,947)	(158)
Over Twelve Months	(400)	(30)
Total Unrealized Losses	(5,347)	(188)
Fair Value
Less Than Twelve Months	59,984	16,226
Over Twelve Months	$ 4,670	$ 2,749

SECURITIES - Other-Than-Tempora

SECURITIES - Other-Than-Temporary Impairment (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Securities considered other than temporary impairment	$ 0	$ 0

LOANS - Composition of Loans (D

LOANS - Composition of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 1,530,129	$ 1,254,117	$ 1,149,340
% of Total	100%	100%
Deferred loan fees	$ (5,139)	$ (3,817)
Allowance for loan losses	(18,423)	(14,844)	(14,097)	$ (11,859)
Loans, net	1,506,567	1,235,456
Real estate mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	1,276,397		941,811
Allowance for loan losses	(12,864)	(11,554)	(10,786)	(8,057)
Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 222,159	$ 174,480
% of Total	14.50%	13.90%
Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 164,296	$ 147,490
% of Total	10.70%	11.80%
Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 889,942	$ 716,541
% of Total	58.20%	57.10%
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 243,577	$ 206,897	198,550
% of Total	15.90%	16.50%
Allowance for loan losses	$ (5,472)	$ (3,166)	(3,181)	(3,609)
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 10,155	$ 8,709	8,979
% of Total	0.70%	0.70%
Allowance for loan losses	$ (87)	$ (124)	$ (130)	$ (193)

LOANS - Narrative (Details)

LOANS - Narrative (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022 USD ($) loan segment	Sep. 30, 2022 USD ($) loan segment
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loan portfolio segments | segment	3	3
Commercial and industrial | Paycheck Protection Plan
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans outstanding | loan	0	0
Adjustment to loan yield | $	$ 0	$ 298

LOANS - Credit Quality Indicato

LOANS - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 1,530,129	$ 1,254,117	$ 1,149,340
Real estate mortgages
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,276,397		941,811
Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	222,159	174,480
Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	164,296	147,490
Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	889,942	716,541
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	243,577	206,897	198,550
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	10,155	8,709	$ 8,979
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,496,204	1,215,708
Pass | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	220,633	168,751
Pass | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	159,397	142,782
Pass | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	871,316	691,863
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	234,748	203,630
Pass | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	10,110	8,682
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	27,929	23,294
Special Mention | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,526	388
Special Mention | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,195	3,554
Special Mention | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	13,743	16,371
Special Mention | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,428	2,960
Special Mention | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	37	21
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,996	14,881
Substandard | Real estate mortgages | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	5,341
Substandard | Real estate mortgages | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	704	1,154
Substandard | Real estate mortgages | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,883	8,307
Substandard | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	401	73
Substandard | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8	6
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	234
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	0
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	0	234
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	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,530,129	$ 1,254,117	$ 1,149,340
Nonaccrual	3,950	1,478
Real estate mortgages
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,276,397		941,811
Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	222,159	174,480
Nonaccrual	70	346
Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	164,296	147,490
Nonaccrual	550	167
Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	889,942	716,541
Nonaccrual	2,888	674
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	243,577	206,897	198,550
Nonaccrual	434	285
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	10,155	8,709	$ 8,979
Nonaccrual	8	6
Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,524,209	1,248,690
Current | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	221,952	173,027
Current | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	163,262	146,871
Current | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	885,792	714,092
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	243,072	206,027
Current | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	10,131	8,673
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,970	3,949
Total Past Due | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	137	1,107
Total Past Due | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	484	452
Total Past Due | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,262	1,775
Total Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	71	585
Total Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	16	30
30-59 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,861	2,095
30-59 Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	137	62
30-59 Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	391	129
30-59 Days | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,262	1,775
30-59 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	71	99
30-59 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	30
60-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	109	1,360
60-89 Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	746
60-89 Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	93	128
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	0	486
60-89 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	16	0
90+ Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	494
90+ Days | Real estate mortgages | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	299
90+ Days | Real estate mortgages | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	195
90+ Days | Real estate mortgages | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
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	$ 0

LOANS - Allowance for Loans Los

LOANS - Allowance for Loans Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Allowance for loan losses:
Beginning balance	$ 14,844	$ 11,859
Provision (credit) for loan losses	3,667	2,250
Loans charged off	(350)	(46)
Recoveries of loans previously charged off	262	34
Ending balance	18,423	14,097
Ending balance - individually evaluated for impairment	820	599
Ending balance - collectively evaluated for impairment	17,563	13,421
Loans:
Ending balance - individually evaluated for impairment	6,873	16,467
Ending balance - collectively evaluated for impairment	1,522,083	1,131,573
Gross loans	1,530,129	1,149,340	$ 1,254,117
Loans acquired with credit deterioration
Allowance for loan losses:
Ending balance	40	77
Loans:
Gross loans	1,173	1,300
Real Estate
Allowance for loan losses:
Beginning balance	11,554	8,057
Provision (credit) for loan losses	1,337	2,761
Loans charged off	(73)	(44)
Recoveries of loans previously charged off	46	12
Ending balance	12,864	10,786
Ending balance - individually evaluated for impairment	489	288
Ending balance - collectively evaluated for impairment	12,335	10,421
Loans:
Ending balance - individually evaluated for impairment	5,963	16,105
Ending balance - collectively evaluated for impairment	1,269,261	924,406
Gross loans	1,276,397	941,811
Real Estate | Loans acquired with credit deterioration
Allowance for loan losses:
Ending balance	40	77
Loans:
Gross loans	1,173	1,300
Commercial
Allowance for loan losses:
Beginning balance	3,166	3,609
Provision (credit) for loan losses	2,371	(442)
Loans charged off	(269)	0
Recoveries of loans previously charged off	204	14
Ending balance	5,472	3,181
Ending balance - individually evaluated for impairment	331	307
Ending balance - collectively evaluated for impairment	5,141	2,874
Loans:
Ending balance - individually evaluated for impairment	888	332
Ending balance - collectively evaluated for impairment	242,689	198,218
Gross loans	243,577	198,550	206,897
Commercial | Loans acquired with credit deterioration
Allowance for loan losses:
Ending balance	0	0
Loans:
Gross loans	0	0
Consumer
Allowance for loan losses:
Beginning balance	124	193
Provision (credit) for loan losses	(41)	(69)
Loans charged off	(8)	(2)
Recoveries of loans previously charged off	12	8
Ending balance	87	130
Ending balance - individually evaluated for impairment	0	4
Ending balance - collectively evaluated for impairment	87	126
Loans:
Ending balance - individually evaluated for impairment	22	30
Ending balance - collectively evaluated for impairment	10,133	8,949
Gross loans	10,155	8,979	$ 8,709
Consumer | Loans acquired with credit deterioration
Allowance for loan losses:
Ending balance	0	0
Loans:
Gross loans	$ 0	$ 0

LOANS - Impaired Loans (Details

LOANS - Impaired Loans (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
With no related allowance recorded:
Recorded Investment	$ 6,214	$ 15,322	$ 14,368
Unpaid Principal Balance	6,214		14,368
Average Recorded Investment	6,296	15,152	14,385
Interest Income Recognized	290	417
With an allowance recorded:
Recorded Investment	1,832	2,445	1,979
Unpaid Principal Balance	1,903		2,050
Related Allowance	860		704
Average Recorded Investment	1,122	2,484	1,988
Interest Income Recognized	53	44
Total impaired loans
Recorded Investment	8,046	17,767	16,347
Unpaid Principal Balance	8,117		16,418
Average Recorded Investment	7,418	17,636	16,373
Interest Income Recognized	343	461
Real estate mortgages | Construction and development
With no related allowance recorded:
Recorded Investment	387	5,049	5,258
Unpaid Principal Balance	387		5,258
Average Recorded Investment	403	5,063	5,261
Interest Income Recognized	14	113
With an allowance recorded:
Recorded Investment	94	1,376	370
Unpaid Principal Balance	94		370
Related Allowance	41		148
Average Recorded Investment	96	1,382	370
Interest Income Recognized	4	14
Real estate mortgages | Residential
With no related allowance recorded:
Recorded Investment	1,149	1,236	1,081
Unpaid Principal Balance	1,149		1,081
Average Recorded Investment	1,178	1,694	1,090
Interest Income Recognized	45	59
With an allowance recorded:
Recorded Investment	235	478	633
Unpaid Principal Balance	306		704
Related Allowance	71		125
Average Recorded Investment	240	490	636
Interest Income Recognized	8	12
Real estate mortgages | Commercial
With no related allowance recorded:
Recorded Investment	4,129	8,987	7,992
Unpaid Principal Balance	4,129		7,992
Average Recorded Investment	4,180	8,328	7,993
Interest Income Recognized	208	242
With an allowance recorded:
Recorded Investment	1,142	279	680
Unpaid Principal Balance	1,142		680
Related Allowance	417		136
Average Recorded Investment	515	280	682
Interest Income Recognized	24	7
Commercial and industrial
With no related allowance recorded:
Recorded Investment	527	32	22
Unpaid Principal Balance	527		22
Average Recorded Investment	517	45	25
Interest Income Recognized	22	2
With an allowance recorded:
Recorded Investment	361	300	285
Unpaid Principal Balance	361		285
Related Allowance	331		292
Average Recorded Investment	271	319	289
Interest Income Recognized	17	11
Consumer and other
With no related allowance recorded:
Recorded Investment	22	18	15
Unpaid Principal Balance	22		15
Average Recorded Investment	18	22	16
Interest Income Recognized	1	1
With an allowance recorded:
Recorded Investment	0	12	11
Unpaid Principal Balance	0		11
Related Allowance	0		3
Average Recorded Investment	0	13	$ 11
Interest Income Recognized	$ 0	$ 0

DEPOSITS - Schedule of Composit

DEPOSITS - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Noninterest-bearing transaction	$ 499,613	$ 541,546
Interest-bearing transaction	855,350	704,326
Savings	78,687	56,715
Time deposits, $250,000 and under	266,491	224,556
Time deposits, over $250,000	66,951	29,308
Total deposits	$ 1,767,092	$ 1,556,451

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Brokered deposits	$ 65,989	$ 34,110
Overdrawn deposits reclassified as loans	$ 130	$ 208

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Banking and Thrift, Interest [Abstract]
October 1, 2022 – September 30, 2023	$ 192,141
October 1, 2023 – September 30, 2024	123,138
October 1, 2024 – September 30, 2025	13,066
October 1, 2025 – September 30, 2026	2,740
October 1, 2026 – September 30, 2027	2,216
Thereafter	141
Total time deposits	$ 333,442

SUBORDINATED NOTES (Details)

SUBORDINATED NOTES (Details) - Subordinated Debt - USD ($) $ in Thousands		9 Months Ended
	Feb. 07, 2022	Sep. 30, 2022	Jul. 01, 2022	Jun. 23, 2016
Subordinated Notes due July 2026
Debt Instrument [Line Items]
Face amount				$ 4,500
Interest rate, stated percentage				6.625%
Debt issuance costs, gross		$ 79
Subordinated Notes due July 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate		5.412%
Subordinated Notes due February 2032
Debt Instrument [Line Items]
Face amount	$ 48
Interest rate, stated percentage	3.50%		3.50%
Debt issuance costs, net	$ 1,093	$ 958
Amortization period		60 months
Subordinated Notes due February 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate	205%
Subordinated Notes due February 2032, registered notes
Debt Instrument [Line Items]
Face amount			$ 42,000
Subordinated Notes due February 2032, unregistered notes
Debt Instrument [Line Items]
Face amount			$ 6,000

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral already posted	$ 8,770
Loss recognized in income from fair value adjustment	45
Loss recognized in income from fee income	3
Fair value of derivatives in a net liability position	9,358
Termination value	$ 9,358

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Values of Derivative Instruments on the Balance Sheet (Details) - Interest Rate Products - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Assets
Notional Amount	$ 74,284	$ 77,534
Fair Value	9,290	1,784
Other Liabilities
Notional Amount	74,284	77,534
Fair Value	$ (9,304)	$ (1,843)

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 473,389,000		$ 317,628,000
Provision (credit) for loan losses	3,667,000	$ 2,250,000
Commitments to extend credit
Guarantor Obligations [Line Items]
Exposure to credit loss	467,662,000		314,194,000
Standby letters of credit
Guarantor Obligations [Line Items]
Exposure to credit loss	5,727,000		$ 3,434,000
Provision (credit) for loan losses	$ 0	$ 0

CONCENTRATIONS OF CREDIT (Detai

CONCENTRATIONS OF CREDIT (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Concentration Risk [Line Items]
Commitments to expend in excess of capital, secured basis, percentage	20%
Commitments to expend in excess of capital, secured basis	$ 48,195
Commitments to expend in excess of capital, unsecured basis, percentage	10%
Commitments to expend in excess of capital, unsecured basis	$ 24,097
Real estate mortgages | Financing Receivable | Loan Portfolio Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	83%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - shares	Sep. 30, 2022	Dec. 31, 2021
Equity [Abstract]
Common stock issued (in shares)	8,705,920	9,012,857
Common stock outstanding (in shares)	8,705,920	9,012,857

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Company
Tier 1 capital (to average assets)
Actual amount	$ 164,564	$ 156,723
Actual ratio	0.0844	0.0974
Required for capital adequacy purposes, amount	$ 78,019	$ 64,376
Required for capital adequacy purposes, ratio	0.0400	0.0400
CET 1 capital (to risk-weighted assets)
Actual amount	$ 164,564	$ 156,723
Actual ratio	0.0873	0.1035
Required for capital adequacy purposes, amount	$ 131,929	$ 106,019
Required for capital adequacy purposes, ratio	0.0700	0.0700
Tier 1 capital (to risk-weighted assets)
Actual amount	$ 164,564	$ 156,723
Actual ratio	0.0873	0.1035
Required for capital adequacy purposes, amount	$ 160,199	$ 128,737
Required for capital adequacy purposes, ratio	0.0850	0.0850
Total capital (to risk-weighted assets)
Actual amount	$ 230,987	$ 171,567
Actual ratio	0.1226	0.1133
Required for capital adequacy purposes, amount	$ 197,893	$ 159,028
Required for capital adequacy purposes, ratio	0.1050	0.1050
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Retained earnings available for dividend declaration without regulatory approval	$ 52,436
Tier 1 capital (to average assets)
Actual amount	$ 224,145	$ 168,027
Actual ratio	0.1149	0.1044
Required for capital adequacy purposes, amount	$ 78,019	$ 64,376
Required for capital adequacy purposes, ratio	0.0400	0.0400
Minimums to be “well capitalized” under prompt corrective action, amount	$ 97,524	$ 80,470
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0500	0.0500
CET 1 capital (to risk-weighted assets)
Actual amount	$ 224,145	$ 168,027
Actual ratio	0.1189	0.1109
Required for capital adequacy purposes, amount	$ 131,929	$ 106,019
Required for capital adequacy purposes, ratio	0.0700	0.0700
Minimums to be “well capitalized” under prompt corrective action, amount	$ 122,505	$ 98,446
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0650	0.0650
Tier 1 capital (to risk-weighted assets)
Actual amount	$ 224,145	$ 168,027
Actual ratio	0.1189	0.1109
Required for capital adequacy purposes, amount	$ 160,199	$ 128,737
Required for capital adequacy purposes, ratio	0.0850	0.0850
Minimums to be “well capitalized” under prompt corrective action, amount	$ 150,776	$ 121,164
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0800	0.0800
Total capital (to risk-weighted assets)
Actual amount	$ 242,568	$ 182,871
Actual ratio	0.1287	0.1207
Required for capital adequacy purposes, amount	$ 197,893	$ 159,028
Required for capital adequacy purposes, ratio	0.1050	0.1050
Minimums to be “well capitalized” under prompt corrective action, amount	$ 188,470	$ 151,455
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	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	$ 150,718	$ 132,172
Other equity securities, at fair value	5,694	9,232
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Other equity securities, at fair value	4,079	4,985
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	150,718	132,172
Other equity securities, at fair value	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Other equity securities, at fair value	1,615	4,247
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	5,694	9,232
Interest Rate Products - asset	9,290	1,784
Interest Rate Products - liabilities	(9,304)	(1,843)
Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	4,079	4,985
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	0	0
Interest Rate Products - asset	9,290	1,784
Interest Rate Products - liabilities	(9,304)	(1,843)
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	1,615	4,247
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	8,525	7,822
U.S. Treasury securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	8,525	7,822
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	8,525	7,822
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
U.S. Government Sponsored Enterprises (GSEs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	1,904	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	1,904	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	1,904	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
State and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	47,881	56,781
State and municipal securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	47,881	56,781
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	47,881	56,781
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	11,808	10,784
Corporate debt securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	11,808	10,784
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	11,808	10,784
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	14,001	10,472
Asset based securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	14,001	10,472
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	14,001	10,472
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	66,599	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	66,599	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities available for sale, at fair value	66,599	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [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	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 4,343	$ 10,648
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	1,413	7,718
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	2,930	2,930
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 1 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 1 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 2 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 2 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	4,343	10,648
Fair Value, Inputs, Level 3 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	1,413	7,718
Fair Value, Inputs, Level 3 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 2,930	$ 2,930

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES - Narrative (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded Investment	$ 8,046	$ 16,347	$ 17,767
Related Allowance	860	704
Provision for loan losses	306	40
Fair value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded Investment	2,274	8,422
Cost
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Recorded Investment	$ 5,772	$ 7,925

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES - Quantitative Disclosures for Level 3 Fair Value Measurements (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	$ 5,694	$ 9,232
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	1,615	4,247
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	5,694	9,232
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	1,615	4,247
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	4,343	10,648
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 4,343	$ 10,648
Impaired loans | Minimum | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average of Input	0.15	0.15
Impaired loans | Maximum | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average of Input	0.20	0.20
Impaired loans | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,413	$ 7,718
Impaired loans | Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 1,413	$ 7,718
Foreclosed assets | Minimum | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average of Input	0.10	0.10
Foreclosed assets | Maximum | Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Weighted Average of Input	0.15	0.15
Foreclosed assets | Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 2,930	$ 2,930
Foreclosed assets | Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 2,930	$ 2,930

FAIR VALUE OF ASSETS AND LIAB_7

FAIR VALUE OF ASSETS AND LIABILITIES - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial assets:
Cash and cash equivalents	$ 246,062	$ 283,956
Securities available for sale, at fair value	150,718	132,172
Other equity securities	5,694	9,232
Loans held for sale	1,643	2,400
Trading assets	9,290	1,784
Loans, net	1,506,567	1,235,456
Bank owned life insurance	29,677	22,201
Annuities	15,564	12,888
Accrued interest receivable	5,699	4,170
Restricted equity securities, at cost	2,791	2,600
Financial liabilities:
Deposits	1,767,092	1,556,451
Trading liabilities	9,304	1,843
FHLB advances	26,000	25,950
Other borrowings	19,978	12,498
Subordinated notes	47,042	0
Accrued interest payable	359	132
Fair Value, Inputs, Level 1
Financial assets:
Cash and cash equivalents	246,062	283,956
Securities available for sale, at fair value	0	0
Other equity securities	4,079	4,985
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, at cost	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	150,718	132,172
Other equity securities	0	0
Loans held for sale	1,643	2,400
Trading assets	9,290	1,784
Loans, net	1,466,917	1,237,491
Bank owned life insurance	29,677	22,201
Annuities	15,564	12,888
Accrued interest receivable	5,699	4,170
Restricted equity securities, at cost	0	0
Financial liabilities:
Deposits	1,618,351	1,507,190
Trading liabilities	9,304	1,843
FHLB advances	25,777	25,926
Other borrowings	19,978	12,498
Subordinated notes	47,042	0
Accrued interest payable	359	132
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	1,615	4,247
Loans held for sale	0	0
Trading assets	0	0
Loans, net	1,413	7,718
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities, at cost	2,791	2,600
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

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subordinated Debt - Subordinated Notes due February 2032 - USD ($) $ in Thousands	Oct. 26, 2022	Feb. 07, 2022	Jul. 01, 2022
Subsequent Event [Line Items]
Face amount		$ 48
Interest rate, stated percentage		3.50%	3.50%
Subsequent Event
Subsequent Event [Line Items]
Face amount	$ 40,000
Interest rate, stated percentage	7%
Subsequent Event | Chief Executive Officer
Subsequent Event [Line Items]
Face amount	$ 100
Subsequent Event | Director
Subsequent Event [Line Items]
Face amount	$ 200
Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Basis spread on variable rate		205%
Secured Overnight Financing Rate (SOFR) | Subsequent Event
Subsequent Event [Line Items]
Basis spread on variable rate	306%