Southern States Bancshares (SSBK) 10-K 14 Mar 23 2022 FY Annual report Financial data

COVER

COVER - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Mar. 13, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-40727
Entity Registrant Name	Southern States Bancshares, Inc.
Entity Incorporation, State or Country Code	AL
Entity Tax Identification Number	26-2518085
Entity Address, Address Line One	615 Quintard Ave.
Entity Address, City or Town	Anniston
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	36201
City Area Code	256
Local Phone Number	241-1092
Title of 12(b) Security	Common Stock, $5.00 par value
Trading Symbol	SSBK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 172.1
Entity Common Stock, Shares Outstanding		8,747,763
Documents Incorporated by Reference	Portions of the registrant's Definitive Proxy Statement for the 2023 Annual Meeting of Shareholders to be held on May 17, 2023, are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. Such Definitive Proxy Statement will be filed with the SEC within 120 days after the end of the registrant's fiscal year ended December 31, 2022.
Entity Central Index Key	0001689731
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Mauldin & Jenkins, LLC
Auditor Firm ID	669
Auditor Location	Birmingham, Alabama

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 15,260	$ 6,397
Interest-bearing deposits in banks	90,198	203,537
Federal funds sold	63,041	74,022
Total cash and cash equivalents	168,499	283,956
Securities available for sale, at fair value	155,544	132,172
Securities held to maturity, at amortized cost	19,652	19,672
Other equity securities, at fair value	4,444	9,232
Restricted equity securities, at cost	3,134	2,600
Loans held for sale	1,047	2,400
Loans, net of unearned income	1,587,164	1,250,300
Less allowance for loan losses	20,156	14,844
Loans, net	1,567,008	1,235,456
Premises and equipment, net	27,345	27,044
Accrued interest receivable	6,963	4,170
Bank owned life insurance	29,186	22,201
Annuities	15,478	12,888
Foreclosed assets	2,930	2,930
Goodwill	16,862	16,862
Core deposit intangible	1,226	1,500
Other assets	25,886	9,509
Total assets	2,045,204	1,782,592
Deposits:
Noninterest-bearing	460,977	541,546
Interest-bearing	1,259,766	1,014,905
Total deposits	1,720,743	1,556,451
Other borrowings	(19)	12,498
FHLB advances	31,000	25,950
Subordinated notes	86,314	0
Accrued interest payable	584	132
Other liabilities	24,863	10,363
Total liabilities	1,863,485	1,605,394
Stockholders' equity:
Preferred stock, $0.01 par value, 2,000,000 shares authorized; 0 shares issued and outstanding at December 31, 2022 and December 31, 2021	0	0
Common stock, $5 par value, 30,000,000 shares authorized; 8,706,920 and 9,012,857 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively	43,714	45,064
Capital surplus	76,785	80,640
Retained earnings	73,764	49,858
Accumulated other comprehensive (loss) income	(11,048)	2,113
Unvested restricted stock	(477)	(477)
Vested restricted stock units	(1,019)	0
Total stockholders' equity	181,719	177,198
Total liabilities and stockholders' equity	$ 2,045,204	$ 1,782,592

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - $ / shares	Dec. 31, 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)	8,706,920	9,012,857
Common stock issued (in shares)	8,706,920	9,012,857

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest income:
Loans, including fees	$ 74,936	$ 54,709
Taxable securities	3,622	1,593
Nontaxable securities	1,253	1,023
Other interest and dividends	3,039	452
Total interest income	82,850	57,777
Interest expense:
Deposits	8,906	4,310
Other borrowings	2,606	554
Total interest expense	11,512	4,864
Net interest income	71,338	52,913
Provision for loan losses	5,605	2,982
Net interest income after provision for loan losses	65,733	49,931
Noninterest income:
Service charges on deposit accounts	$ 1,863	$ 1,528
Revenue, Product and Service [Extensible Enumeration]	Deposit Account [Member]	Deposit Account [Member]
Swap fees	$ 49	$ 931
SBA/USDA fees	646	3,968
Mortgage origination fees	815	1,465
Net loss on securities	(632)	(57)
Other operating income	5,936	2,968
Total noninterest income	8,677	10,803
Noninterest expenses:
Salaries and employee benefits	24,597	21,667
Equipment and occupancy expenses	2,918	3,640
Data processing fees	2,444	2,128
Regulatory assessments	925	952
Other operating expenses	8,730	8,048
Total noninterest expenses	39,614	36,435
Income before income taxes	34,796	24,299
Income tax expense	7,725	5,732
Net income	$ 27,071	$ 18,567
Basic earnings per share (in dollars per share)	$ 3.08	$ 2.26
Dilutive earnings per share (in dollars per share)	$ 3.02	$ 2.23

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 27,071	$ 18,567
Other comprehensive loss:
Unrealized holding losses on securities available for sale arising during the period, net of benefit (tax)	(13,161)	(1,214)
Reclassification adjustment for losses on securities available for sale realized in net income, net of benefit (tax)	0	133
Other comprehensive loss	(13,161)	(1,081)
Comprehensive income	$ 13,910	$ 17,486

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized holding gains on securities available for sale arising during the period, tax	$ 4,624	$ 426
Reclassification adjustment for losses (gains) on securities available for sale realized in net income, benefit (tax)	$ 0	$ 47

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	IPO	Preferred Stock	Common Stock	Common Stock IPO	Capital Surplus	Capital Surplus IPO	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Unvested Restricted Stock	Vested Restricted Stock Units
Beginning balance (in shares) at Dec. 31, 2020			0	7,678,195
Beginning balance at Dec. 31, 2020	$ 140,656		$ 0	$ 38,391		$ 65,327		$ 34,183	$ 3,194	$ (439)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,567							18,567
Issuance of common stock (in shares)				8,240	1,296,429
Issuance of common stock	$ 165	$ 24,632		$ 41	$ 6,482	124	$ 18,150
Issuance of common stock - IPO cost		$ (3,674)					$ (3,674)
Exercise of common stock options (in shares)	10,000,000			5,008
Exercise of common stock options	$ 0			$ 25		(25)
Issuance of restricted stock (in shares)				24,985
Issuance of restricted stock	0			$ 125		376				(501)
Stock-based compensation	825					362
Common stock dividends paid	(2,892)							(2,892)
Other comprehensive loss	(1,081)								(1,081)
Ending balance (in shares) at Dec. 31, 2021			0	9,012,857
Ending balance at Dec. 31, 2021	177,198		$ 0	$ 45,064		80,640		49,858	2,113	(477)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	$ 27,071							27,071
Exercise of common stock options (in shares)	15,300,000			15,300
Exercise of common stock options	$ 222			$ 78		144
Issuance of restricted stock (in shares)				24,265
Issuance of restricted stock	0			$ 121		379				$ (500)
Vested restricted stock units	0			$ 179		840					(1,019)
Repurchase of common stock under the stock repurchase program (in shares)				(345,502)
Repurchase of common stock under the stock repurchase program	(7,358)			$ (1,728)		(5,630)
Stock-based compensation	912					412
Common stock dividends paid	(3,165)							(3,165)
Other comprehensive loss	(13,161)								(13,161)
Ending balance (in shares) at Dec. 31, 2022			0	8,706,920
Ending balance at Dec. 31, 2022	$ 181,719		$ 0	$ 43,714		$ 76,785		$ 73,764	$ (11,048)		$ (1,019)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net income	$ 27,071	$ 18,567
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and software amortization	1,252	1,888
Net loss on securities	632	57
Net amortization of securities	905	957
Amortization of core deposit intangible	274	264
Provision for loan losses	5,605	2,982
Deferred income taxes	(2,696)	(973)
Loss on sale of foreclosed assets	0	207
Loss on sale of premises, equipment and software	1,047	0
Stock-based compensation	912	825
Net decrease in loans held for sale	1,353	3,296
Income from bank owned life insurance	(624)	(497)
(Increase) decrease in interest receivable	(2,793)	73
Increase (decrease) in interest payable	452	(146)
Net other operating activities	5,476	2,203
Net cash provided by operating activities	38,866	29,703
INVESTING ACTIVITIES
Purchase of securities available for sale	(51,797)	(67,887)
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	4,311	4,995
Proceeds from maturities, calls, and paydowns of securities available for sale	9,599	11,601
Net (purchase) redemption of restricted equity securities	(534)	624
Purchase of annuities	(2,622)	0
Purchase of bank owned life insurance	(7,021)	0
Net increase in loans	(337,157)	(220,282)
Proceeds from sale of foreclosed assets	0	7,187
Proceeds from bank owned life insurance	660	755
Purchase of premises, equipment and software	(2,600)	(4,507)
Net cash used in investing activities	(387,161)	(260,755)
FINANCING ACTIVITIES
Net increase in deposits	164,292	416,790
Net proceeds from issuance of common stock in connection with IPO	0	20,958
Proceeds from issuance of common stock	222	165
Repurchase of common stock	(7,358)	0
Net proceeds (repayment) of FHLB advances	5,050	(4,920)
Net repayment of note payable	(12,517)
Net proceeds of note payable		4,500
Net proceeds from subordinated notes	86,314
Net repayment of subordinated notes		(4,500)
Common stock dividends paid	(3,165)	(2,892)
Net cash provided by financing activities	232,838	430,101
Net (decrease) increase in cash and cash equivalents	(115,457)	199,049
Cash and cash equivalents at beginning of year	283,956	84,907
Cash and cash equivalents at end of year	168,499	283,956
Cash paid during the year for:
Interest	11,060	5,010
Income taxes	9,516	7,082
NONCASH TRANSACTIONS
Transfers of loans to foreclosed assets	0	100
Transfer of state and municipal available for sale securities to held to maturity securities	$ 0	$ 19,684

SUMMARY OF SIGNIFICANT ACCOUNTI

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

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Basic earnings per share is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Diluted earnings per share reflect additional potential common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options issued and the vesting of restricted stock units, 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 and restricted stock units. For the Years Ended 2022 2021 Basic Earnings Per Share: Net Income $ 27,071 $ 18,567 Weighted average common shares outstanding 8,774,860 8,198,188 Basic earnings per share $ 3.08 $ 2.26 Diluted Earnings Per Share: Net income allocated to common shareholders $ 27,053 $ 18,538 Weighted average common shares outstanding 8,774,860 8,198,188 Net dilutive effect of: Assumed exercises of stock optio ns and vesting of restricted stock units 174,809 118,348 Average shares and dilutive potential common shares 8,949,669 8,316,536 Dilutive earnings per share $ 3.02 $ 2.23

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost and fair value of securities at December 31, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2022 Securities Available for Sale U.S. Treasury securities $ 9,764 $ — $ (1,180) $ 8,584 U.S. Government Sponsored Enterprises (GSEs) 2,009 — (221) 1,788 State and municipal securities 56,204 100 (6,379) 49,925 Corporate debt securities 12,526 — (899) 11,627 Asset based securities 14,079 — (742) 13,337 Mortgage-backed GSE residential/multifamily and non-GSE 75,892 3 (5,612) 70,283 Total securities available for sale $ 170,474 $ 103 $ (15,033) $ 155,544 Securities Held to Maturity State and municipal securities 19,652 — (4,287) 15,365 Total securities held to maturity $ 19,652 $ — $ (4,287) $ 15,365 Total securities $ 190,126 $ 103 $ (19,320) $ 170,909 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 $32,222 and $46,263 at December 31, 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 December 31, 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: December 31, 2022 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 8,338 7,818 2,766 2,790 Due after five to ten years 24,468 22,047 26,475 26,764 Due after ten years 61,776 55,396 62,651 65,196 Mortgage-backed securities 75,892 70,283 37,123 37,120 Total securities available for sale $ 170,474 $ 155,544 $ 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 5,310 4,255 1,100 1,115 Due after ten years 14,342 11,110 18,572 18,795 Mortgage-backed securities — — — — Total securities held to maturity $ 19,652 $ 15,365 $ 19,672 $ 19,910 Total securities $ 190,126 $ 170,909 $ 148,989 $ 152,082 Gains and losses on sales and change in value of securities available for sale and other securities held at fair value for the years ended December 31, 2022 and December 31, 2021 consist of the following: Years Ended December 31, 2022 2021 Gross gains $ 331 $ 862 Gross losses (963) (919) Net realized losses $ (632) $ (57) Restricted equity securities as of December 31, 2022 and December 31, 2021 consist of the following: December 31, 2022 2021 Federal Home Loan Bank stock $ 2,209 $ 1,675 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 3,134 $ 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 December 31, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2022 Securities Available for Sale U.S. Treasury securities $ (119) $ 1,873 $ (1,061) $ 6,711 $ (1,180) U.S. Government Sponsored Enterprises (GSEs) — — (221) 1,788 (221) State and municipal securities (2,561) 26,504 (3,818) 19,012 (6,379) Corporate debt securities (507) 8,497 (392) 3,130 (899) Asset based securities (178) 6,497 (564) 6,840 (742) Mortgage-backed GSE residential/multifamily and non-GSE (3,598) 52,260 (2,014) 16,107 (5,612) Total securities available for sale $ (6,963) $ 95,631 $ (8,070) $ 53,588 $ (15,033) Securities Held to Maturity State and municipal securities (2,072) 8,153 (2,215) 7,211 (4,287) Total securities held to maturity $ (2,072) $ 8,153 $ (2,215) $ 7,211 $ (4,287) Total securities $ (9,035) $ 103,784 $ (10,285) $ 60,799 $ (19,320) 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 224 securities at December 31, 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 December 31, 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 December 31, 2022 and December 31, 2021, no securities within the Company’s investment securities portfolio was considered other-than-temporarily impaired.

LOANS

LOANS	12 Months Ended
	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS	Portfolio Segments and Classes The composition of loans, excluding loans held for sale, is summarized as follows: December 31, 2022 2021 Amount % of Amount % of (dollars in thousands) Real estate mortgages: Construction and development $ 255,736 16.1% $ 174,480 13.9% Residential 167,891 10.5% 147,490 11.8% Commercial 904,872 56.8% 716,541 57.1% Commercial and industrial 256,553 16.1% 206,897 16.5% Consumer and other 7,655 0.5% 8,709 0.7% Gross Loans 1,592,707 100.0% 1,254,117 100.0% Deferred loan fees (5,543) (3,817) Allowance for loan losses (20,156) (14,844) Loans, net $ 1,567,008 $ 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 December 31, 2022, the Company does not have any loans outstanding under the PPP program. As of December 31, 2021, the Company had 36 loans outstanding for a total amount of $9,203 under the PPP program. At December 31, 2022, PPP loan origination fees recorded as an adjustment to loan yield for the year ended was $298. 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. Portfolio Segments and Classes (Continued) • 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. • Commercial real estate mortgage loans include both owner-occupied commercial real estate loans and other commercial real estate loans such as commercial loans secured by income producing properties. Owner-occupied commercial real estate loans made to operating businesses are long-term financing of land and buildings and are repaid by cash flows generated from business operations. Real estate loans for income-producing properties such as apartment buildings, hotels, office and industrial buildings, and retail shopping centers are repaid by cash flows from rent income derived from the properties. Commercial and industrial - The commercial loan portfolio segment includes commercial and industrial loans. These loans include those loans to commercial customers for use in normal business operations to finance working capital needs, equipment purchases, leases, or expansion projects. Loans are repaid by business cash flows. Collection risk in this portfolio is driven by the creditworthiness of the underlying borrower, particularly cash flows from the borrowers’ business operations. Consumer and other - The consumer loan portfolio segment includes direct consumer installment loans, overdrafts and other revolving credit loans. Loans in this portfolio are sensitive to unemployment and other key consumer economic measures which affects borrowers’ incomes and cash for repayment. Credit Risk Management The Chief Credit Officer, Officers Loan Committee and Directors Loan Committee are each involved in the credit risk management process and assess the accuracy of risk ratings, the quality of the portfolio and the estimation of inherent credit losses in the loan portfolio. This comprehensive process also assists in the prompt identification of problem credits. The Company has taken a number of measures to manage the portfolios and reduce risk, particularly in the more problematic portfolios. The Company employs a credit risk management process with defined policies, accountability and routine reporting to manage credit risk in the loan portfolio segments. Credit risk management is guided by a comprehensive Loan Policy that provides for a consistent and prudent approach to underwriting and approvals of credits. Within the Board approved Loan Policy, procedures exist that elevate the approval requirements as credits become larger and more complex. All loans are individually underwritten, risk-rated, approved, and monitored. Responsibility and accountability for adherence to underwriting policies and accurate risk ratings lies in each portfolio segment. For the consumer portfolio segment, the risk management process focuses on managing customers who become delinquent in their payments. For the commercial and real estate portfolio segments, the risk management process focuses on underwriting new business and, on an ongoing basis, monitoring the credit of the portfolios. To ensure problem credits are identified on a timely basis, several specific portfolio reviews occur each year to assess the larger adversely rated credits for proper risk rating and accrual status. Credit quality and trends in the loan portfolio segments are measured and monitored regularly. Detailed reports, by product, collateral, accrual status, etc., are reviewed by the Chief Credit Officer and reported to the Board of Directors. Credit Risk Management (Continued) A description of the general characteristics of the risk categories used by the Company is as follows: • Pass - A pass loan is a strong credit with no existing or known potential weaknesses deserving of management’s close attention. • Special Mention - A loan that has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position at some future date. These loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. • Substandard - Substandard loans are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. • Doubtful - Loans classified Doubtful have all the weaknesses inherent in those classified Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. • Loss - Loans classified Loss are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value but rather it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The following tables summarize the risk category of the Company’s loan portfolio based upon the most recent analysis performed as of December 31, 2022 and December 31, 2021: Pass Special Substandard Doubtful Total (dollars in thousands) As of December 31, 2022 Real estate mortgages: Construction and development $ 251,130 $ 4,539 $ 67 $ — $ 255,736 Residential 165,388 1,787 716 — 167,891 Commercial 883,082 18,532 3,258 — 904,872 Commercial and industrial 247,948 8,322 283 — 256,553 Consumer and other 7,604 28 23 — 7,655 Total $ 1,555,152 $ 33,208 $ 4,347 $ — $ 1,592,707 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 as of December 31, 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 December 31, 2022 Real estate mortgages: Construction and development $ 255,575 $ — $ 94 $ — $ 94 $ 67 $ 255,736 Residential 167,108 147 72 — 219 564 167,891 Commercial 900,895 2,634 65 — 2,699 1,278 904,872 Commercial and industrial 254,824 1,379 38 — 1,417 312 256,553 Consumer and other 7,570 62 — — 62 23 7,655 Total $ 1,585,972 $ 4,222 $ 269 $ — $ 4,491 $ 2,244 $ 1,592,707 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 December 31, 2022 and December 31, 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 2,912 2,750 (57) 5,605 Loans charged off (73) (479) (26) (578) Recoveries of loans previously charged off 50 205 30 285 Ending balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Ending balance - individually evaluated for impairment $ 258 $ 248 $ 8 $ 514 Ending balance - collectively evaluated for impairment 14,148 5,394 63 19,605 Ending balance - loans acquired with deteriorated credit quality 37 — — 37 Total ending balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Loans: Ending balance - individually evaluated for impairment $ 8,652 $ 313 $ 34 $ 8,999 Ending balance - collectively evaluated for impairment 1,318,705 256,240 7,621 1,582,566 Ending balance - loans acquired with deteriorated credit quality 1,142 — — 1,142 Total ending balance at December 31, 2022 $ 1,328,499 $ 256,553 $ 7,655 $ 1,592,707 Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Provision (credit) for loan losses 3,516 (458) (76) 2,982 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 25 15 9 49 Ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Ending balance - individually evaluated for impairment $ 340 $ 292 $ 3 $ 635 Ending balance - collectively evaluated for impairment 11,145 2,874 121 14,140 Ending balance - loans acquired with deteriorated credit quality 69 — — 69 Total ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Loans: Ending balance - individually evaluated for impairment $ 14,742 $ 307 $ 26 $ 15,075 Ending balance - collectively evaluated for impairment 1,022,497 206,590 8,683 1,237,770 Ending balance - loans acquired with deteriorated credit quality 1,272 — — 1,272 Total ending balance at December 31, 2021 $ 1,038,511 $ 206,897 $ 8,709 $ 1,254,117 Impaired Loans A loan held for investment is considered impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due (both principal and interest) according to the terms of the loan agreement. The following tables detail our impaired loans, by portfolio class as of December 31, 2022 and December 31, 2021. Recorded Unpaid Related Average Interest Income Recognized December 31, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 372 $ 372 $ — $ 397 $ 21 Residential 1,129 1,129 — 1,169 59 Commercial 7,323 7,323 — 7,282 622 Commercial and industrial 36 36 — 42 3 Consumer and other 18 18 — 24 1 Total with no related allowance recorded 8,878 8,878 — 8,914 706 With an allowance recorded: Real estate mortgages: Construction and development 92 92 39 95 $ 6 Residential 255 326 90 265 12 Commercial 623 623 166 630 21 Commercial and industrial 277 277 248 298 14 Consumer and other 16 16 8 16 1 Total with an allowance recorded 1,263 1,334 551 1,304 54 Total impaired loans $ 10,141 $ 10,212 $ 551 $ 10,218 $ 760 Recorded Unpaid Related Average Interest Income Recognized December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 $ 205 Residential 1,081 1,081 — 1,090 90 Commercial 7,992 7,992 — 7,993 440 Commercial and industrial 22 22 — 25 3 Consumer and other 15 15 — 16 1 Total with no related allowance recorded 14,368 14,368 — 14,385 $ 739 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 $ 10 Residential 633 704 125 636 27 Commercial 680 680 136 682 32 Commercial and industrial 285 285 292 289 18 Consumer and other 11 11 3 11 1 Total with an allowance recorded 1,979 2,050 704 1,988 88 Total impaired loans: $ 16,347 $ 16,418 $ 704 $ 16,373 $ 827 Troubled Debt Restructurings As of December 31, 2022, and 2021, impaired loans included $2,124 and $2,012, respectively, in loans that were classified as Troubled Debt Restructurings (TDRs). The restructuring of a loan is considered a TDR if both (i) the borrower is experiencing financial difficulties and (ii) the Company has granted a concession. In assessing whether a borrower is experiencing financial difficulties, the Company considers information currently available regarding the financial condition of the borrower. This information includes, but is not limited to, whether (i) the borrower is currently in payment default on any of its debt; (ii) a payment default is probable in the foreseeable future without the modification; (iii) the borrower has declared or is in the process of declaring bankruptcy and (iv) the borrower’s projected cash flow is sufficient to satisfy contractual payments due under the original terms of the loan without a modification. The Company considers all aspects of the modification to loan terms to determine whether or not a concession has been granted to the borrower. Key factors considered by the Company include the borrower’s ability to access funds at a market rate for debt with similar risk characteristics, the significance of the modification relative to unpaid principal balance or collateral value of the debt, and the significance of a delay in the timing of payments relative to the original contractual terms of the loan. The most common concessions granted by the Company generally include one or more modifications to the terms of the debt, such as (i) a reduction in the interest rate for the remaining life of the debt, (ii) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (iii) a temporary period of interest-only payments, and (iv) a reduction in the contractual payment amount for either a short period or remaining term of the loan. As of December 31, 2022, and 2021, the Company had $1,292 and $1,072, respectively, in loans considered restructured that are not on nonaccrual status. Of the nonaccrual loans at December 31, 2022 and 2021, $832 and $940, respectively, met the criteria for a TDR. A loan is placed back on accrual status when both principal and interest are current, and it is probable that the Company will be able to collect all amounts due (both principal and interest) according to the terms of the loan agreement. Troubled Debt Restructurings (Continued) Recorded investment prior to modification reflects the Company’s recorded investment immediately before the modification. Recorded investment after modification represents the Company’s recorded investment at the end of the year. The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2022 and 2021. Troubled Debt Restructurings Recorded Recorded Investment Investment Impact on the Number Prior to After Allowance for of Loans Modification Modification Loan Losses December 31, 2022 Real estate mortgages: Construction and development — $ — $ — $ — Residential 2 170 164 — Commercial 1 359 352 116 Commercial and industrial 1 11 11 — Consumer and other — — — — Total 4 $ 540 $ 527 $ 116 December 31, 2021 Real estate mortgages: Construction and development 2 $ 189 $ 178 $ 63 Residential 1 3 — — Commercial 2 537 510 — Commercial and industrial — — — — Consumer and other — — — — Total 5 $ 729 $ 688 $ 63 The Company considers a loan to have defaulted when it becomes 90 or more days delinquent under the modified terms, has been transferred to nonaccrual status subsequent to the modification or has been transferred to foreclosed assets. As of December 31, 2022, no loans modified in a TDR during the twelve months, subsequently defaulted. As of December 31, 2021, three loans modified in a TDR during the twelve months, subsequently defaulted.

FORECLOSED ASSETS

FORECLOSED ASSETS	12 Months Ended
	Dec. 31, 2022
Repossessed Assets [Abstract]
FORECLOSED ASSETS	FORECLOSED ASSETS A summary of foreclosed assets is presented as follows: December 31, 2022 2021 Balance, beginning of year $ 2,930 $ 10,224 Acquired through settlement of loans — 100 Sales proceeds — (7,187) Net loss on sales of foreclosed assets — (207) Balance, end of year $ 2,930 $ 2,930 Net expenses related to foreclosed assets include the following: December 31, 2022 2021 Net loss o n sales of foreclosed assets $ — $ 207 Operating expenses, net of rental income (148) (366) Net expense $ (148) $ (159) The carrying amount of other real estate owned categorized as residential real estate at December 31, 2022 and 2021 was $60.

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT Premises and equipment is summarized as follows: December 31, 2022 2021 Land and land improvements $ 8,720 $ 8,169 Building 23,090 22,604 Furniture and equipment 5,163 4,785 36,973 35,558 Accumulated depreciation (9,628) (8,514) Total premises and equipment $ 27,345 $ 27,044

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
LEASES	LEASES The Company leases certain office facilities under long-term operating lease agreements. The leases expire at various dates through 2028 and some include renewal options. Many of these leases require the payment of property taxes, insurance premiums, maintenance, utilities and other costs. In many cases, rentals are subject to increase in relation to a cost-of-living index. The Company accounts for lease and non-lease components together as a single lease component. The Company determines if an arrangement is a lease at inception. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Future minimum lease payments, as of December 31, 2022, on the leases described above, excluding any renewal options, are summarized as follows: 2023 $ 248 2024 142 2025 81 2026 84 2027 86 Thereafter 7 Total $ 648 Rental expense included in the consolidated statements of income for the years ended December 31, 2022 and 2021 is $252 and $488, respectively. The Company determines if an arrangement is a lease at inception of the contract and assesses the appropriate classification as operating or financing. Operating leases with terms greater than one year are included in right-of-use assets and lease liabilities on the Company's consolidated balance sheets. Agreements with both lease and non-lease components are accounted for as a single lease component, with only the lease component capitalized. Operating right-of-use assets and lease liabilities are included on the balance sheet in premises and equipment and other liabilities, respectively, and are recognized at the commencement date based on the present value of lease payments over the term using the interest rate implicit in the contract, when available, or the Company's incremental collateralized borrowing rate with similar terms. The table below summarizes information related to the Company's operating leases as of and for the year ended December 31, 2022: Operating lease right-of-use assets $ 561 Operating lease liabilities $ 563 Weighted average remaining operating lease term (in years) 2.5 Weighted average operating lease discount rate 4.5 % Future obligations over the primary and renewal option terms of the Company’s long-term operating leases as of December 31, 2022, were as follows:

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
DEPOSITS	DEPOSITS Major classifications of deposits are as follows: December 31, 2022 2021 Noninterest-bearing transaction $ 460,977 $ 541,546 Interest-bearing transaction 837,127 704,326 Savings 49,235 56,715 Time deposits, $250,000 and under 307,145 224,556 Time deposits, over $250,000 66,259 29,308 Total $ 1,720,743 $ 1,556,451 Brokered deposits totaled $110,503 at December 31, 2022 and $34,110 at December 31, 2021. The scheduled maturities of time deposits at December 31, 2022 are as follows: 2023 $ 215,355 2024 142,012 2025 12,910 2026 893 2027 2,093 Thereafter 141 Total $ 373,404 At December 31, 2022 and December 31, 2021, overdrawn transaction accounts reclassified to loans totaled $137 and $208, respectively.

BORROWINGS

BORROWINGS	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
BORROWINGS	BORROWINGS Borrowings consist of the following: December 31, 2022 2021 Short-term variable $25.0 million line of credit with interest due quarterly at the WSJ Prime Rate, maturity August 2024. $ (19) $ 12,498 Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2024 and interest rates ranging from 0.31% to 4.57%. 31,000 25,950 Subordinated notes with interest due quarterly at an initial fixed rate of 3.5% until February 7, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 205 basis points through maturity on February 7, 2032. 47,097 — Subordinated notes with interest due quarterly at an initial fixed rate of 7.0% until October 26, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 306 basis points through maturity on October 26, 2032. 39,217 — $ 117,295 $ 38,448 Contractual maturities of other borrowings as of December 31, 2022 are as follows: 2023 $ 21,000 2024 9,981 2025 — 2026 — 2027 — Thereafter 86,314 Total $ 117,295 The short-term variable $25.0 million line of credit from First Horizon Bank is collateralized by 100% of the capital stock of the Bank. Advances from the Federal Home Loan Bank of Atlanta are secured by a blanket floating lien on qualifying commercial mortgages of $90,978, residential mortgages of $34,166, and on qualifying home equity lines of credit of $5,393. At December 31, 2022, the Company had $31,000 in outstanding advances and approximately $99,537 was available for borrowing on lines with the FHLB. At December 31, 2022, the Company has accommodations which allow the purchase of federal funds from several correspondent banks on an overnight basis at prevailing overnight market rates. These accommodations are subject to various restrictions as to their term and availability, and in most cases, must be repaid in less than a month. At December 31, 2022 and 2021, the Company had $0 outstanding under these arrangements. The Company may borrow up to $87,200 under these arrangements as of December 31, 2022. 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%. 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 December 31, 2022, the remaining balance of the debt issuance cost was $903. The debt issuance costs are being amortized using the straight line method over sixty months and are recorded as a component of interest expense. On October 26, 2022, the Company issued $40,000 of Fixed-to-Floating Rate Subordinated Notes due October 2032 (the “2032 Notes”). The 2032 Notes bear interest at 7.0% 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.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 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 December 31, 2022 and December 31, 2021. As of December 31, 2022, the Company has posted cash collateral of $8,950. The amount of loss recognized in income on derivatives as a fair value adjustment and fee income, for the year ended December 31, 2022, were $47 and $3, respectively. December 31, 2022 December 31, 2021 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 73,631 Other Assets $ 8,870 Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products 73,631 Other Liabilities (8,882) 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 December 31, 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 $9,018. If the Company had breached any of these provisions at December 31, 2022, it could have been required to settle its obligations under the agreements at their termination value of $9,018, less the required collateral of $8,950.

EMPLOYEE AND DIRECTOR BENEFITS

EMPLOYEE AND DIRECTOR BENEFITS	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
EMPLOYEE AND DIRECTOR BENEFITS	EMPLOYEE AND DIRECTOR BENEFITS Incentive Stock Options Pertinent information related to the options is as follows: Number Weighted Average Exercise Price Year Ended December 31, 2022 Options outstanding, beginning of year 501,492 $ 15.37 Granted 32,067 20.61 Exercised (15,300) 14.43 Forfeited — — Options outstanding, end of year 518,259 $ 15.72 Weighted average remaining contractual life 5.72 years Exercisable, end of year 405,125 $ 14.66 Year Ended December 31, 2021 Options outstanding, beginning of year 480,478 $ 14.95 Granted 33,294 20.03 Exercised (10,000) 10.00 Forfeited (2,280) 20.10 Options outstanding, end of year 501,492 $ 15.37 Weighted average remaining contractual life 6.46 years Exercisable, end of year 327,526 $ 13.79 Incentive Stock Options (Continued) Exercisable options at December 31, 2022 were as follows: Exercise Price Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (dollars in thousands) $ 10.00 115,000 $ 10.00 3.06 $ 2,179 14.00 28,000 14.00 4.30 419 14.00 9,000 14.00 4.63 135 14.00 5,000 14.00 4.97 75 14.50 67,200 14.50 5.06 971 14.50 10,500 14.50 5.38 152 14.50 6,400 14.50 5.92 92 16.00 75,392 16.00 6.07 976 22.75 9,000 22.75 6.80 56 20.10 41,034 20.10 7.07 363 20.10 19,501 20.10 7.12 173 14.98 4,000 14.98 7.77 56 18.34 4,000 18.34 7.98 42 20.03 11,098 20.03 8.12 99 405,125 $ 14.66 5.12 $ 5,788 During 2021 and 2022, there were no vested stock options exchanged in a cashless exercise. For the years ended December 31, 2022 and 2021, the Company recognized $412 and $362, respectively, in stock-based compensation expense related to stock option awards. As of December 31, 2022 and 2021, there is $513 and $587, respectively, of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the plan. The cost is expected to be recognized over a weighted average period of 1.51 years. The fair value of each stock option award is estimated on the date of grant using a Black-Scholes-Merton valuation model that uses the assumptions noted in the following table. Expected volatilities are based on an average of traded community banks. The Company considers historical data and peer group data to estimate option exercise and employee termination within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The expected term of options granted is based on the short-cut method and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The following weighted average assumptions were used in the calculations for 2022 and 2021 as follows: December 31, 2022 2021 Dividend yield 1.75% 2.50% Weighted average volatility 77.33% 65.43% Expected life in years 6.50 years 6.50 years Risk-free interest rate 1.93% 0.81% Weighted average grant-date fair value $ 12.47 $ 9.77 Restricted Stock The Company awarded 24,265 shares of restricted stock during 2022 and 24,985 in 2021. The restriction is based upon continuous service and the shares will vest equally over three Number Weighted Average Grant Date Fair Value Year Ended December 31, 2022 Nonvested, beginning of year 39,314 $ 19.50 Granted 24,265 20.61 Forfeited — — Vested (24,284) 19.71 Nonvested, end of year 39,295 $ 20.05 Year Ended December 31, 2021 Nonvested, beginning of year 39,169 $ 17.80 Granted 24,985 20.03 Forfeited — — Vested (24,840) 17.36 Nonvested, end of year 39,314 $ 19.50 As of December 31, 2022, there was $477 of unrecognized compensation cost related to nonvested restricted stock awards. Expense for restricted stock awards of $500 and $463 was recorded for the years ended December 31, 2022 and 2021, respectively. Restricted Stock Units On December 21, 2022, the Company amended the 2017 Incentive Stock Compensation Plan to allow for the grant of restricted stock units. The Company awarded 107,144 units of restricted stock during 2022. The restriction is based upon continuous service until retirement and the units will vest over three years. Nonvested restricted stock units consists of the following: Number Weighted Average Grant Date Fair Value Year Ended December 31, 2022 Nonvested, beginning of year — $ — Granted 107,144 28.52 Vested (35,715) 28.52 Nonvested, end of year 71,429 $ 28.52 As of December 31, 2022, there was $2,283 of unrecognized compensation cost related to nonvested restricted stock units. Expense for restricted stock units of $773 was recorded for the year ended December 31, 2022. Supplemental Executive Retirement Plan The Company sponsors a supplemental executive retirement plan (SERP) providing for death and retirement benefits for certain executive officers. In connection with the SERP plan, the Company has purchased annuity contracts and bank owned life insurance from various insurance entities. The Company is the annuity owner throughout the term of the contract and as such, the annuity payments are paid directly to the Company. The Company in turn will make the benefit payments to the executives upon retirement over the executives’ life using the funds received from the annuity contracts. The Company will accrue the total obligation under the SERP over the executive’s future service period to the date full eligibility for the benefit is attained. The amounts to be accrued shall result in an accrued amount at the full eligibility date equal to the then present value of all of the future benefits expected to be paid. The Company has recorded a liability as of December 31, 2022 and 2021, amounting to $4,399 and $3,578, respectively, for the present value of the future benefits to be paid under the SERP, which is recorded in other liabilities on the consolidated balance sheets. Expense related to the SERP totaled $821 and $589 for the years ended December 31, 2022 and 2021, respectively. Bank Owned Life Insurance Investments in bank owned life insurance programs are recorded at their respective cash surrender values. The cash surrender value and net interest earned on the related policies amounted to $29,186 and $624, respectively, as of and for the year ended December 31, 2022 and $22,201 and $497, respectively, as of and for the year ended December 31, 2021.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense consists of the following: Years Ended December 31, 2022 2021 Current $ 10,421 $ 6,705 Deferred (2,696) (973) Income tax expense $ 7,725 $ 5,732 The Company’s income tax expense differs from the amounts computed by applying the federal income tax statutory rates to income before income taxes. A reconciliation of the differences as of December 31, 2022 and 2021 is as follows: Years Ended December 31, 2022 2021 Income tax expense at federal statutory rate $ 7,307 $ 5,102 State income tax 1,268 879 Tax exempt income (253) (210) Investment tax credit (675) — Other 78 (39) Income tax expense $ 7,725 $ 5,732 The components of deferred income taxes are as follows: December 31, 2022 2021 Deferred income tax assets: Loan loss reserves $ 5,268 $ 3,812 Pre-opening and organization expenses — 15 Deferred compensation 1,269 1,055 Intangible assets created from asset purchase 28 34 Loans purchased at a premium 34 68 Restricted stock 248 40 Deferred origination fees 1,348 795 Net loss on fair market adjustments 130 — Unrealized loss on securities available for sale 3,882 — 12,207 5,819 Deferred income tax liabilities: Loans purchased at a discount 96 136 Depreciation 239 325 Intangible assets created from stock purchase 321 393 Investment tax credit 142 — Other 27 161 Unrealized gain on securities available for sale — 743 825 1,758 Net deferred income tax asset $ 11,382 $ 4,061 The Company and its subsidiary are subject to U.S. federal income tax, as well as income tax within the States of Alabama and Georgia. The Company is no longer subject to examination by taxing authorities for years before 2018. The deferred income tax asset is recorded in “Other assets” on the consolidated balance sheets.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Loan Commitments The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amount recognized in the balance sheets. The majority of all commitments to extend credit and standby letters of credit are variable rate instruments. Loan Commitments (Continued) The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. A summary of the Company’s commitments is as follows: December 31, 2022 2021 Commitments to extend credit $ 550,315 $ 314,194 Standby letters of credit 5,632 3,434 Total $ 555,947 $ 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 twelve months ended December 31, 2022 and December 31, 2021. Contingencies

CONCENTRATIONS OF CREDIT

CONCENTRATIONS OF CREDIT	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT	The Company originates primarily commercial, commercial real estate, residential real estate, and consumer loans to customers in Alabama and Georgia. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy in these areas. Eighty-three percent of the Company’s loan portfolio is concentrated in real estate. A substantial portion of these loans are secured by real estate in the Company’s primary market area. In addition, a substantial portion of the other real estate owned is located in those same markets. Accordingly, the ultimate collectibility of the loan portfolio and the recovery of the carrying amount of the other real estate owned are susceptible to changes in market conditions in the Company’s primary market area. The other concentrations of credit by type of loan are set forth in Note 4. The Company, according to regulatory restrictions, may not generally extend credit to any single borrower or group of related borrowers on a secured basis in excess of 20% of capital, as defined, or approximately $51,855 or on an unsecured basis in excess of 10% of capital, as defined, or approximately $25,928.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
STOCKHOLDERS’ EQUITY	As of December 31, 2022, the Company had 8,706,920 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	12 Months Ended
	Dec. 31, 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 December 31, 2022, approximately $51,951 of retained earnings was available for dividend declaration without regulatory approval. The Bank is also subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of its assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. Capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios of total capital, Tier 1 capital, and common equity Tier 1 capital to risk-weighted assets, and of Tier 1 capital to average assets. In addition, the Bank is subject to an institution-specific capital buffer, which must exceed 2.50% to avoid limitations on distributions and discretionary bonus payments. Management believes, as of December 31, 2022 and December 31, 2021, that the Bank meets all capital adequacy requirements to which it is subject. As of December 31, 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 As of December 31, 2022 Tier 1 capital (to average assets) Company $ 174,679 8.82 % $ 79,182 4.00 % $ — — Bank $ 240,815 12.17 % $ 79,182 4.00 % $ 98,977 5.00 % CET 1 capital (to risk-weighted assets) Company $ 174,679 8.86 % $ 138,018 7.00 % $ — — Bank $ 240,815 12.21 % $ 138,018 7.00 % $ 128,160 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 174,679 8.86 % $ 167,593 8.50 % $ — — Bank $ 240,815 12.21 % $ 167,593 8.50 % $ 157,735 8.00 % Total capital (to risk-weighted assets) Company $ 282,835 14.34 % $ 207,027 10.50 % $ — — Bank $ 260,971 13.24 % $ 207,027 10.50 % $ 197,169 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 capital (to average assets) Company $ 156,723 9.74 % $ 64,376 4.00 % $ — — Bank $ 168,027 10.44 % $ 64,376 4.00 % $ 80,470 5.00 % CET 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 106,019 7.00 % $ — — Bank $ 168,027 11.09 % $ 106,019 7.00 % $ 98,446 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 128,737 8.50 % $ — — Bank $ 168,027 11.09 % $ 128,737 8.50 % $ 121,164 8.00 % Total capital (to risk-weighted assets) Company $ 171,567 11.33 % $ 159,028 10.50 % $ — — Bank $ 182,871 12.07 % $ 159,028 10.50 % $ 151,455 10.00 %

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	12 Months Ended
	Dec. 31, 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. Fair Value Hierarchy (Continued) If quoted market prices are not available, management estimates fair values using pricing models and discounted cash flows that consider standard input factors such as observable market data, benchmark yields, interest rate volatilities, broker/dealer quotes, and credit spreads. Examples of such instruments, which would generally be classified within Level 2 of the valuation hierarchy, include GSE obligations, and state and municipal securities. Mortgage-backed securities are included in Level 2 if observable inputs are available. In certain cases where there is limited activity or less transparency around inputs to the valuation, those securities would be classified in Level 3. Restricted Equity Securities : The carrying amount of restricted equity securities with no readily determinable fair value approximates fair value based on the redemption provisions of the issuers which is cost. Loans Held for Sale : The carrying amounts of loans held for sale approximates fair value. Loans : The carrying amount of variable-rate loans that reprice frequently and have no significant change in credit risk approximates fair value. The fair values of fixed rate loans is estimated based on discounted contractual cash flows using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. Bank Owned Life Insurance: The carrying amount of bank owned life insurance approximates fair value. Annuities : The carrying amounts of annuities approximate their fair values. Deposits : The fair values disclosed for transaction deposits are, by definition, equal to the amount payable on demand at the reporting date (that is, their carrying amounts). Fair values for fixed rate certificates of deposit are estimated using a discounted cash flow calculation that applies market interest rates on comparable instruments to a schedule of aggregated expected monthly maturities on time deposits. Other Borrowings : The fair value of fixed rate other borrowings is based on discounted contractual cash flows using interest rates currently being offered for borrowings of similar maturities. The fair values of the Company’s variable rate other borrowings approximate their carrying values. Subordinated Notes : The carrying amounts of the subordinated notes approximate fair value. Accrued Interest : The carrying amounts of accrued interest approximate fair value. Trading Assets and Liabilities : The Company has derivative instruments in the form of interest rate swap agreements accounted for as trading assets and liabilities and carried at fair value. The fair value of these instruments is based on information obtained from a third party financial institution. The Company reflects these instruments within Level 2 of the valuation hierarchy. Off-Balance Sheet Credit-Related Instruments : Fair values for off-balance sheet, credit-related financial instruments are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. Assets Measured at Fair Value on a Recurring Basis The only assets and liabilities measured at fair value on a recurring basis are our securities available for sale and swaps. There were no transfers between levels during the period. Information related to the Company’s assets and liabilities measured at fair value on a recurring basis at December 31, 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 December 31, 2022 U.S. Treasury securities $ 8,584 $ — $ 8,584 $ — U.S. Government Sponsored Enterprises (GSEs) 1,788 — 1,788 — State and municipal securities 49,925 — 49,925 — Corporate debt securities 11,627 — 11,627 — Asset based securities 13,337 — 13,337 — Mortgage-backed GSE residential/multifamily and non-GSE 70,283 — 70,283 — Other equity securities 4,444 3,674 — 770 Interest Rate Products - asset 8,870 — 8,870 — Interest Rate Products - liabilities (8,882) — (8,882) — 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 December 31, 2022 and December 31, 2021: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2022 Impaired loans $ 1,020 $ — $ — $ 1,020 Foreclosed assets 2,930 — — 2,930 Totals $ 3,950 $ — $ — $ 3,950 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 $10,141 and $16,347 with a specific valuation allowance of $551 and $704 at December 31, 2022 and December 31, 2021, respectively. Of the $10,141 and $16,347 impaired loan portfolio, $1,571 and $8,422 were carried at fair value as a result of charge offs, specific valuation allowances, and the fair market adjustments at December 31, 2022 and December 31, 2021, respectively. The remaining $8,570 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 December 31, 2022 and December 31, 2021, respectively. Charge offs and changes in specific valuation allowances at December 31, 2022 and December 31, 2021 on impaired loans carried at fair value resulted in additional provision for loan losses of $215 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 The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2022 and 2021 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy measured at fair value on a recurring basis. December 31, 2022 2021 Carrying value, beginning of period $ 4,247 $ — Purchases — 4,000 Reinvestments 150 98 Redemptions (3,306) — Net realized gains (321) 149 Carrying value, end of period $ 770 $ 4,247 For Level 3 assets measured at fair value on a recurring basis as of December 31, 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 $ 770 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 December 31, 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 $ 1,020 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: December 31, 2022 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 168,499 $ 168,499 $ — $ — Securities available for sale 155,544 — 155,544 — Other equity securities 4,444 3,674 — 770 Loans held for sale 1,047 — 1,047 — Trading assets 8,870 — 8,870 — Loans, net 1,567,008 — 1,529,646 1,020 Bank owned life insurance 29,186 — 29,186 — Annuities 15,478 — 15,478 — Accrued interest receivable 6,963 — 6,963 — Restricted equity securities 3,134 — — 3,134 Financial liabilities: Deposits $ 1,720,743 $ — $ 1,714,249 $ — Trading liabilities 8,882 — 8,882 — FHLB advances 31,000 — 30,788 — Other borrowings (19) — (19) — Subordinated notes 86,314 — 86,314 — Accrued interest payable 584 — 584 — 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 —

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The majority of revenue-generating transactions are excluded from the scope of ASC 606, including revenue generated from financial instruments, such as securities and loans; SBA fees; and gains on sales of mortgage loans. Revenue-generating transactions that are within the scope of ASC 606, classified within noninterest income, are described as follows: Service charges on deposit accounts – represent service fees for monthly activity and maintenance on customer accounts. Attributes can be transaction-based, item-based or time-based. Revenue is recognized when the Company’s performance obligation is completed which is generally monthly for maintenance services or when a transaction is processed. Payment for such performance obligations are generally received at the time the performance obligations are satisfied. Interchange Income – bank card related fees primarily includes interchange income from client use of consumer and business debit cards. Interchange income is a fee paid by a merchant bank to the card-issuing bank through the interchange network. Interchange fees are set by the credit card associations and are based on cardholder purchase volumes. The Company records interchange income as transactions occur. This income is included in other noninterest income on the consolidated statements of income. Gains and Losses from the Sale of Foreclosed Assets – the performance obligation in the sale of foreclosed assets typically will be the delivery of control over the asset to the buyer. If the Company is not financing the sale, the transaction price is typically identified in the purchase and sale agreement. However, if the Company provides seller financing, the Company must determine a transaction price, depending on if the sale contract is at market terms and taking into account the credit risk inherent in the arrangement.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
PARENT COMPANY FINANCIAL INFORMATION	PARENT COMPANY FINANCIAL INFORMATION The following information presents the condensed balance sheets of Southern States Bancshares, Inc. as of December 31, 2022 and 2021, and the condensed statements of income and cash flows for the years then ended. CONDENSED BALANCE SHEET December 31, 2022 December 31, 2021 Assets: Cash $ 19,405 $ 399 Investment in subsidiary 247,856 188,503 Other assets 1,529 794 Total assets 268,790 189,696 Liabilities and stockholders’ equity: Other borrowings $ (19) $ 12,498 Subordinated debt 86,314 — Other liabilities 776 — Total liabilities 87,071 12,498 Stockholders’ equity 181,719 177,198 Total liabilities and stockholders’ equity $ 268,790 $ 189,696 CONDENSED STATEMENTS OF INCOME For the Years Ended 2022 2021 Income Dividend income from subsidiary $ 3,167 $ 2,826 Dividend income from equity securities 136 — 3,303 2,826 Expense Interest expense 2,315 412 Other 2,258 1,054 4,573 1,466 (Loss) income before income tax benefits and equity in undistributed earnings of subsidiary (1,270) 1,360 Income tax benefits 827 294 (Loss) income before equity in undistributed earnings of subsidiary (443) 1,654 Equity in undistributed earnings of subsidiary 27,514 16,913 Net income $ 27,071 $ 18,567 CONDENSED STATEMENTS OF CASH FLOW For the Years Ended 2022 2021 OPERATING ACTIVITIES Net income $ 27,071 $ 18,567 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (27,514) (16,913) Stock-based compensation 912 825 (Decrease) increase in accrued interest payable 3 (27) Net other operating income (expenses) 275 (85) Net cash provided by operating activities 747 2,367 INVESTING ACTIVITIES Investment in equity securities (237) (360) Net cash used in investing activities (237) (360) FINANCING ACTIVITIES Net (repayment) proceeds of note payable (12,517) 4,500 Net proceeds (repayment) of subordinated notes 86,314 (4,500) Issuance of common stock 222 21,123 Purchase of common stock (7,358) — Capital contribution to subsidiary (45,000) (20,000) Common stock dividends paid (3,165) (2,892) Net cash provided by (used in) financing activities 18,496 (1,769) Net increase in cash 19,006 238 Cash at beginning of year 399 161 Cash at end of year $ 19,405 $ 399

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In the ordinary course of business, the Company conducts transactions with its directors and executive officers, including companies in which such directors and executive officers have a beneficial interest. It is the Company’s policy to comply with federal regulations that require that loan and deposit transactions with directors and executive officers be made on substantially the same terms as those prevailing at the time for comparable loans and deposits to other persons. Deposits from related parties held by the Company at December 31, 2022 and 2021 totaled $10,586 and $8,678, respectively. Changes in related party loans for the years ended December 31, 2022 and 2021 are as follows: December 31, 2022 2021 Balance, beginning of year $ 7,323 $ 8,041 Advances 625 2,176 Repayments (2,257) (2,894) Balance, end of year $ 5,691 $ 7,323

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Accounting Estimates	Basis of Presentation and Accounting Estimates The audited consolidated financial statements include the accounts of the Company and its subsidiary. Significant intercompany transactions and balances have been eliminated in consolidation. In preparing the audited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of foreclosed assets, financial instruments, deferred taxes, and other-than-temporary impairment of securities . In connection with the determination of the estimated losses on loans and the valuation of foreclosed assets, management obtains independent appraisals for significant collateral. The determination of the adequacy of the allowance for loan losses is based on estimates that are particularly susceptible to significant changes in the economic environment and market conditions. The Company’s loans are generally secured by specific items of collateral including real property, consumer assets, and business assets. Although the Company has a diversified loan portfolio, a substantial portion of its borrowers’ ability to honor their contracts is dependent on local economic conditions. While management uses available information to recognize losses on loans, further reductions in the carrying amounts of loans may be necessary based on changes in local economic conditions. In addition, regulatory agencies, as an integral part of their examination process, periodically review the estimated losses on loans. Such agencies may require the Company to recognize additional losses based on their judgments about information available to them at the time of their examination. Because of these factors, it is reasonably possible that the estimated losses on loans may change materially in the near term. However, the amount of the change that is reasonably possible cannot be estimated.
Cash, Cash Equivalents and Cash Flows	Cash, Cash Equivalents and Cash Flows For purposes of reporting cash flows, cash and cash equivalents includes cash on hand, cash items in process of collection, amounts due from banks, interest-bearing deposits in banks and federal funds sold. Cash flows from loans held for sale, loans, restricted equity securities, and deposits are reported net. The Company maintains amounts due from banks which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Bank may be required to maintain reserve balances in cash or on deposit with a correspondent bank for the Federal Reserve Bank, based on a percentage of deposits. The total of those reserve balances was $0 at December 31, 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 income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains and losses on the sale of securities available for sale are recorded on the trade date and are determined using the specific identification method. The Company evaluates investment securities for other-than-temporary impairment (OTTI) using relevant accounting guidance on a regular basis. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near term prospects of the issuer including an evaluation of credit ratings, (3) the impact of changes in market interest rates, (4) the intent of the Company to sell a security, and (5) whether it is more likely than not the Company will have to sell the security before recovery of its cost basis. If the Company intends to sell an impaired security, or if it is more likely than not the Company will have to sell the security before recovery of its cost basis, the Company records an other-than-temporary loss in an amount equal to the entire difference between fair value and amortized cost. Otherwise, only the credit portion of the estimated loss is recognized in earnings, with the other portion of the loss is recognized in other comprehensive income (loss). Other Equity Securities The mutual funds owned by the 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. 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.
Leases	LeasesThe Bank leases various premises and equipment. At the inception of the contract, the Bank determines if an arrangement is or contains a lease and will recognize on the balance sheet a lease asset for its right to use the underlying asset (“ROU”) and a lease liability for the corresponding lease obligation for contracts longer than a year. Both the asset and liability are initially measured at the present value of the future minimum lease payments over the lease term. In determining the present value of lease payments, the Bank uses our incremental borrowing rate as the discount rate for the leases.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company - put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets.
Foreclosed Assets	Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling costs. Any write-down to fair value at the time of transfer to foreclosed assets is charged to the allowance for loan losses. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value less estimated costs to sell. Costs of improvements are capitalized, whereas costs related to holding foreclosed assets and subsequent write-downs to the value are expensed . Any gains and losses realized at the time of disposal are reflected in income.
Goodwill and Core Deposit Intangible	Goodwill Goodwill represents the excess of the amount paid over the fair value of the net assets at the date of acquisition. Goodwill is subject to an annual evaluation of impairment. If desired, the Company can assess qualitative factors to determine if comparing the carrying value of the reporting unit to its fair value is necessary. Should the fair value be less than the carrying value, an impairment write-down would be taken. Based on its assessment of qualitative factors, the Company determined that no impairment exists at December 31, 2022. Goodwill is not amortized but is evaluated for impairment on a quarterly basis or whenever an event occurs or circumstances change to indicate that it is more likely than not that an impairment loss has been incurred (i.e., a triggering event). The Company performed a goodwill impairment test in December 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. To the extent this intangible asset is deemed unrecoverable, an impairment charge would be recorded. The Company maintains steady deposit growth across our markets and continues to attract new customer deposits. The intangible asset was evaluated for impairment as of December 31, 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. Income Taxes (Continued) Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets may be reduced by deferred tax liabilities and a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Management believes that the Company will generate sufficient operating earnings to realize the deferred tax benefits.
Stock Compensation Plans	Stock Compensation Plans Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options and warrants, restricted stock plans, performance-based awards, share appreciation rights, and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the estimated market price of the Company’s common stock at the date of grant is used for restricted stock awards, restricted stock units and stock grants.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale securities, are reported as a separate component of the equity section of the balance sheet, such items, along with net income, are components of comprehensive income.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair values of financial instruments are estimates using relevant market information and other assumptions, as more fully disclosed in Note 17. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Revenue Recognition	Revenue RecognitionOn January 1, 2019, the Company adopted ASC 606 and all subsequent amendments (collectively ASC 606) which (1) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (2) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as foreclosed assets. The majority of the Company’s revenues come from interest income and other sources, including loans and securities that are outside the scope of ASC 606. With the exception of gains/losses on sale of foreclosed assets, the Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligations to the customer. Services within the scope of ASC 606 reported in noninterest income include service charges on deposit accounts, bank card services and interchange fees, and ATM fees.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In February 2016 the Financial Accounting Standards Board (FASB) issued ASU 2016-02, “Leases (Topic 842)” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and by disclosing key information about leasing arrangements. ASU 2016-02 requires organizations that lease assets (lessees) to recognize on the balance sheet the assets and liabilities for the rights and obligations created by the lease for all operating leases under current U.S. GAAP with a term of more than 12 months. The ASU is effective for non-public business entities for fiscal years beginning after December 15, 2021. Early adoption is permitted. The ASU should be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company adopted ASU 2016-02 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In July 2018 the FASB issued ASU 2018-11, “Leases – Targeted Improvements” to provide entities with relief from the costs of implementing certain aspects of the new leasing standard, ASU 2016-02. Specifically, under the amendments in ASU 2018-11: (1) entities may elect not to recast the comparative periods presented when transitioning to the new leasing standard, and (2) lessors may elect not to separate lease and non-lease components when certain conditions are met. The amendments have the same effective date as ASU 2016-02 (January 1, 2022 for the Company). The Company adopted ASU 2018-11 on June 30, 2021 and there was no material impact on the Company’s consolidated financial statements. In June 2016 the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The 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)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Property, Plant and Equipment	The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Premises and equipment is summarized as follows: December 31, 2022 2021 Land and land improvements $ 8,720 $ 8,169 Building 23,090 22,604 Furniture and equipment 5,163 4,785 36,973 35,558 Accumulated depreciation (9,628) (8,514) Total premises and equipment $ 27,345 $ 27,044

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	For the Years Ended 2022 2021 Basic Earnings Per Share: Net Income $ 27,071 $ 18,567 Weighted average common shares outstanding 8,774,860 8,198,188 Basic earnings per share $ 3.08 $ 2.26 Diluted Earnings Per Share: Net income allocated to common shareholders $ 27,053 $ 18,538 Weighted average common shares outstanding 8,774,860 8,198,188 Net dilutive effect of: Assumed exercises of stock optio ns and vesting of restricted stock units 174,809 118,348 Average shares and dilutive potential common shares 8,949,669 8,316,536 Dilutive earnings per share $ 3.02 $ 2.23

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The amortized cost and fair value of securities at December 31, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2022 Securities Available for Sale U.S. Treasury securities $ 9,764 $ — $ (1,180) $ 8,584 U.S. Government Sponsored Enterprises (GSEs) 2,009 — (221) 1,788 State and municipal securities 56,204 100 (6,379) 49,925 Corporate debt securities 12,526 — (899) 11,627 Asset based securities 14,079 — (742) 13,337 Mortgage-backed GSE residential/multifamily and non-GSE 75,892 3 (5,612) 70,283 Total securities available for sale $ 170,474 $ 103 $ (15,033) $ 155,544 Securities Held to Maturity State and municipal securities 19,652 — (4,287) 15,365 Total securities held to maturity $ 19,652 $ — $ (4,287) $ 15,365 Total securities $ 190,126 $ 103 $ (19,320) $ 170,909 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 December 31, 2022 and December 31, 2021 are summarized as follows: Amortized Gross Gross Fair Value December 31, 2022 Securities Available for Sale U.S. Treasury securities $ 9,764 $ — $ (1,180) $ 8,584 U.S. Government Sponsored Enterprises (GSEs) 2,009 — (221) 1,788 State and municipal securities 56,204 100 (6,379) 49,925 Corporate debt securities 12,526 — (899) 11,627 Asset based securities 14,079 — (742) 13,337 Mortgage-backed GSE residential/multifamily and non-GSE 75,892 3 (5,612) 70,283 Total securities available for sale $ 170,474 $ 103 $ (15,033) $ 155,544 Securities Held to Maturity State and municipal securities 19,652 — (4,287) 15,365 Total securities held to maturity $ 19,652 $ — $ (4,287) $ 15,365 Total securities $ 190,126 $ 103 $ (19,320) $ 170,909 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 December 31, 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: December 31, 2022 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 8,338 7,818 2,766 2,790 Due after five to ten years 24,468 22,047 26,475 26,764 Due after ten years 61,776 55,396 62,651 65,196 Mortgage-backed securities 75,892 70,283 37,123 37,120 Total securities available for sale $ 170,474 $ 155,544 $ 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 5,310 4,255 1,100 1,115 Due after ten years 14,342 11,110 18,572 18,795 Mortgage-backed securities — — — — Total securities held to maturity $ 19,652 $ 15,365 $ 19,672 $ 19,910 Total securities $ 190,126 $ 170,909 $ 148,989 $ 152,082
Schedule of Realized Gain (Loss)	Gains and losses on sales and change in value of securities available for sale and other securities held at fair value for the years ended December 31, 2022 and December 31, 2021 consist of the following: Years Ended December 31, 2022 2021 Gross gains $ 331 $ 862 Gross losses (963) (919) Net realized losses $ (632) $ (57)
Schedule of Restricted Investments	Restricted equity securities as of December 31, 2022 and December 31, 2021 consist of the following: December 31, 2022 2021 Federal Home Loan Bank stock $ 2,209 $ 1,675 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 3,134 $ 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 December 31, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2022 Securities Available for Sale U.S. Treasury securities $ (119) $ 1,873 $ (1,061) $ 6,711 $ (1,180) U.S. Government Sponsored Enterprises (GSEs) — — (221) 1,788 (221) State and municipal securities (2,561) 26,504 (3,818) 19,012 (6,379) Corporate debt securities (507) 8,497 (392) 3,130 (899) Asset based securities (178) 6,497 (564) 6,840 (742) Mortgage-backed GSE residential/multifamily and non-GSE (3,598) 52,260 (2,014) 16,107 (5,612) Total securities available for sale $ (6,963) $ 95,631 $ (8,070) $ 53,588 $ (15,033) Securities Held to Maturity State and municipal securities (2,072) 8,153 (2,215) 7,211 (4,287) Total securities held to maturity $ (2,072) $ 8,153 $ (2,215) $ 7,211 $ (4,287) Total securities $ (9,035) $ 103,784 $ (10,285) $ 60,799 $ (19,320) 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 December 31, 2022 and December 31, 2021. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2022 Securities Available for Sale U.S. Treasury securities $ (119) $ 1,873 $ (1,061) $ 6,711 $ (1,180) U.S. Government Sponsored Enterprises (GSEs) — — (221) 1,788 (221) State and municipal securities (2,561) 26,504 (3,818) 19,012 (6,379) Corporate debt securities (507) 8,497 (392) 3,130 (899) Asset based securities (178) 6,497 (564) 6,840 (742) Mortgage-backed GSE residential/multifamily and non-GSE (3,598) 52,260 (2,014) 16,107 (5,612) Total securities available for sale $ (6,963) $ 95,631 $ (8,070) $ 53,588 $ (15,033) Securities Held to Maturity State and municipal securities (2,072) 8,153 (2,215) 7,211 (4,287) Total securities held to maturity $ (2,072) $ 8,153 $ (2,215) $ 7,211 $ (4,287) Total securities $ (9,035) $ 103,784 $ (10,285) $ 60,799 $ (19,320) 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)	12 Months Ended
	Dec. 31, 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: December 31, 2022 2021 Amount % of Amount % of (dollars in thousands) Real estate mortgages: Construction and development $ 255,736 16.1% $ 174,480 13.9% Residential 167,891 10.5% 147,490 11.8% Commercial 904,872 56.8% 716,541 57.1% Commercial and industrial 256,553 16.1% 206,897 16.5% Consumer and other 7,655 0.5% 8,709 0.7% Gross Loans 1,592,707 100.0% 1,254,117 100.0% Deferred loan fees (5,543) (3,817) Allowance for loan losses (20,156) (14,844) Loans, net $ 1,567,008 $ 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 December 31, 2022 and December 31, 2021: Pass Special Substandard Doubtful Total (dollars in thousands) As of December 31, 2022 Real estate mortgages: Construction and development $ 251,130 $ 4,539 $ 67 $ — $ 255,736 Residential 165,388 1,787 716 — 167,891 Commercial 883,082 18,532 3,258 — 904,872 Commercial and industrial 247,948 8,322 283 — 256,553 Consumer and other 7,604 28 23 — 7,655 Total $ 1,555,152 $ 33,208 $ 4,347 $ — $ 1,592,707 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 as of December 31, 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 December 31, 2022 Real estate mortgages: Construction and development $ 255,575 $ — $ 94 $ — $ 94 $ 67 $ 255,736 Residential 167,108 147 72 — 219 564 167,891 Commercial 900,895 2,634 65 — 2,699 1,278 904,872 Commercial and industrial 254,824 1,379 38 — 1,417 312 256,553 Consumer and other 7,570 62 — — 62 23 7,655 Total $ 1,585,972 $ 4,222 $ 269 $ — $ 4,491 $ 2,244 $ 1,592,707 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 December 31, 2022 and December 31, 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 2,912 2,750 (57) 5,605 Loans charged off (73) (479) (26) (578) Recoveries of loans previously charged off 50 205 30 285 Ending balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Ending balance - individually evaluated for impairment $ 258 $ 248 $ 8 $ 514 Ending balance - collectively evaluated for impairment 14,148 5,394 63 19,605 Ending balance - loans acquired with deteriorated credit quality 37 — — 37 Total ending balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Loans: Ending balance - individually evaluated for impairment $ 8,652 $ 313 $ 34 $ 8,999 Ending balance - collectively evaluated for impairment 1,318,705 256,240 7,621 1,582,566 Ending balance - loans acquired with deteriorated credit quality 1,142 — — 1,142 Total ending balance at December 31, 2022 $ 1,328,499 $ 256,553 $ 7,655 $ 1,592,707 Real Estate Commercial Consumer Total Allowance for loan losses: Balance at December 31, 2020 $ 8,057 $ 3,609 $ 193 $ 11,859 Provision (credit) for loan losses 3,516 (458) (76) 2,982 Loans charged off (44) — (2) (46) Recoveries of loans previously charged off 25 15 9 49 Ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Ending balance - individually evaluated for impairment $ 340 $ 292 $ 3 $ 635 Ending balance - collectively evaluated for impairment 11,145 2,874 121 14,140 Ending balance - loans acquired with deteriorated credit quality 69 — — 69 Total ending balance at December 31, 2021 $ 11,554 $ 3,166 $ 124 $ 14,844 Loans: Ending balance - individually evaluated for impairment $ 14,742 $ 307 $ 26 $ 15,075 Ending balance - collectively evaluated for impairment 1,022,497 206,590 8,683 1,237,770 Ending balance - loans acquired with deteriorated credit quality 1,272 — — 1,272 Total ending balance at December 31, 2021 $ 1,038,511 $ 206,897 $ 8,709 $ 1,254,117
Schedule of Impaired Loans	The following tables detail our impaired loans, by portfolio class as of December 31, 2022 and December 31, 2021. Recorded Unpaid Related Average Interest Income Recognized December 31, 2022 With no related allowance recorded: Real estate mortgages: Construction and development $ 372 $ 372 $ — $ 397 $ 21 Residential 1,129 1,129 — 1,169 59 Commercial 7,323 7,323 — 7,282 622 Commercial and industrial 36 36 — 42 3 Consumer and other 18 18 — 24 1 Total with no related allowance recorded 8,878 8,878 — 8,914 706 With an allowance recorded: Real estate mortgages: Construction and development 92 92 39 95 $ 6 Residential 255 326 90 265 12 Commercial 623 623 166 630 21 Commercial and industrial 277 277 248 298 14 Consumer and other 16 16 8 16 1 Total with an allowance recorded 1,263 1,334 551 1,304 54 Total impaired loans $ 10,141 $ 10,212 $ 551 $ 10,218 $ 760 Recorded Unpaid Related Average Interest Income Recognized December 31, 2021 With no related allowance recorded: Real estate mortgages: Construction and development $ 5,258 $ 5,258 $ — $ 5,261 $ 205 Residential 1,081 1,081 — 1,090 90 Commercial 7,992 7,992 — 7,993 440 Commercial and industrial 22 22 — 25 3 Consumer and other 15 15 — 16 1 Total with no related allowance recorded 14,368 14,368 — 14,385 $ 739 With an allowance recorded: Real estate mortgages: Construction and development 370 370 148 370 $ 10 Residential 633 704 125 636 27 Commercial 680 680 136 682 32 Commercial and industrial 285 285 292 289 18 Consumer and other 11 11 3 11 1 Total with an allowance recorded 1,979 2,050 704 1,988 88 Total impaired loans: $ 16,347 $ 16,418 $ 704 $ 16,373 $ 827
Schedule of Troubled Debt Restructuring	The following table summarizes the loans that were modified as a TDR during the years ended December 31, 2022 and 2021. Troubled Debt Restructurings Recorded Recorded Investment Investment Impact on the Number Prior to After Allowance for of Loans Modification Modification Loan Losses December 31, 2022 Real estate mortgages: Construction and development — $ — $ — $ — Residential 2 170 164 — Commercial 1 359 352 116 Commercial and industrial 1 11 11 — Consumer and other — — — — Total 4 $ 540 $ 527 $ 116 December 31, 2021 Real estate mortgages: Construction and development 2 $ 189 $ 178 $ 63 Residential 1 3 — — Commercial 2 537 510 — Commercial and industrial — — — — Consumer and other — — — — Total 5 $ 729 $ 688 $ 63

FORECLOSED ASSETS (Tables)

FORECLOSED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2022
Repossessed Assets [Abstract]
Schedule of Foreclosed Assets	A summary of foreclosed assets is presented as follows: December 31, 2022 2021 Balance, beginning of year $ 2,930 $ 10,224 Acquired through settlement of loans — 100 Sales proceeds — (7,187) Net loss on sales of foreclosed assets — (207) Balance, end of year $ 2,930 $ 2,930 Net expenses related to foreclosed assets include the following: December 31, 2022 2021 Net loss o n sales of foreclosed assets $ — $ 207 Operating expenses, net of rental income (148) (366) Net expense $ (148) $ (159)

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Premises and equipment is summarized as follows: December 31, 2022 2021 Land and land improvements $ 8,720 $ 8,169 Building 23,090 22,604 Furniture and equipment 5,163 4,785 36,973 35,558 Accumulated depreciation (9,628) (8,514) Total premises and equipment $ 27,345 $ 27,044

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity	Future minimum lease payments, as of December 31, 2022, on the leases described above, excluding any renewal options, are summarized as follows: 2023 $ 248 2024 142 2025 81 2026 84 2027 86 Thereafter 7 Total $ 648
Schedule of Lease Cost	The table below summarizes information related to the Company's operating leases as of and for the year ended December 31, 2022: Operating lease right-of-use assets $ 561 Operating lease liabilities $ 563 Weighted average remaining operating lease term (in years) 2.5 Weighted average operating lease discount rate 4.5 %

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2022
Banking and Thrift, Interest [Abstract]
Composition of Deposits	Major classifications of deposits are as follows: December 31, 2022 2021 Noninterest-bearing transaction $ 460,977 $ 541,546 Interest-bearing transaction 837,127 704,326 Savings 49,235 56,715 Time deposits, $250,000 and under 307,145 224,556 Time deposits, over $250,000 66,259 29,308 Total $ 1,720,743 $ 1,556,451
Time Deposit Maturities	Brokered deposits totaled $110,503 at December 31, 2022 and $34,110 at December 31, 2021. The scheduled maturities of time deposits at December 31, 2022 are as follows: 2023 $ 215,355 2024 142,012 2025 12,910 2026 893 2027 2,093 Thereafter 141 Total $ 373,404

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Borrowings consist of the following: December 31, 2022 2021 Short-term variable $25.0 million line of credit with interest due quarterly at the WSJ Prime Rate, maturity August 2024. $ (19) $ 12,498 Short-term fixed rate Federal Home Loan Bank advances with interest and principal payments due at various maturity dates through 2024 and interest rates ranging from 0.31% to 4.57%. 31,000 25,950 Subordinated notes with interest due quarterly at an initial fixed rate of 3.5% until February 7, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 205 basis points through maturity on February 7, 2032. 47,097 — Subordinated notes with interest due quarterly at an initial fixed rate of 7.0% until October 26, 2027, then will reset quarterly to a Three-Month Term Secured Overnight Financing Rate plus 306 basis points through maturity on October 26, 2032. 39,217 — $ 117,295 $ 38,448
Schedule of Maturities of Long-term Debt	Contractual maturities of other borrowings as of December 31, 2022 are as follows: 2023 $ 21,000 2024 9,981 2025 — 2026 — 2027 — Thereafter 86,314 Total $ 117,295

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments on the Balance Sheet	December 31, 2022 December 31, 2021 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 73,631 Other Assets $ 8,870 Interest Rate Products $ 77,534 Other Assets $ 1,784 Interest Rate Products 73,631 Other Liabilities (8,882) Interest Rate Products 77,534 Other Liabilities (1,843)

EMPLOYEE AND DIRECTOR BENEFITS

EMPLOYEE AND DIRECTOR BENEFITS (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Option Activity	Pertinent information related to the options is as follows: Number Weighted Average Exercise Price Year Ended December 31, 2022 Options outstanding, beginning of year 501,492 $ 15.37 Granted 32,067 20.61 Exercised (15,300) 14.43 Forfeited — — Options outstanding, end of year 518,259 $ 15.72 Weighted average remaining contractual life 5.72 years Exercisable, end of year 405,125 $ 14.66 Year Ended December 31, 2021 Options outstanding, beginning of year 480,478 $ 14.95 Granted 33,294 20.03 Exercised (10,000) 10.00 Forfeited (2,280) 20.10 Options outstanding, end of year 501,492 $ 15.37 Weighted average remaining contractual life 6.46 years Exercisable, end of year 327,526 $ 13.79
Schedule of Exercisable Options	Exercisable options at December 31, 2022 were as follows: Exercise Price Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in years) (dollars in thousands) $ 10.00 115,000 $ 10.00 3.06 $ 2,179 14.00 28,000 14.00 4.30 419 14.00 9,000 14.00 4.63 135 14.00 5,000 14.00 4.97 75 14.50 67,200 14.50 5.06 971 14.50 10,500 14.50 5.38 152 14.50 6,400 14.50 5.92 92 16.00 75,392 16.00 6.07 976 22.75 9,000 22.75 6.80 56 20.10 41,034 20.10 7.07 363 20.10 19,501 20.10 7.12 173 14.98 4,000 14.98 7.77 56 18.34 4,000 18.34 7.98 42 20.03 11,098 20.03 8.12 99 405,125 $ 14.66 5.12 $ 5,788
Schedule of Weighted Average Assumptions	The following weighted average assumptions were used in the calculations for 2022 and 2021 as follows: December 31, 2022 2021 Dividend yield 1.75% 2.50% Weighted average volatility 77.33% 65.43% Expected life in years 6.50 years 6.50 years Risk-free interest rate 1.93% 0.81% Weighted average grant-date fair value $ 12.47 $ 9.77
Schedule of Nonvested Restricted Stock	Nonvested restricted stock consists of the following: Number Weighted Average Grant Date Fair Value Year Ended December 31, 2022 Nonvested, beginning of year 39,314 $ 19.50 Granted 24,265 20.61 Forfeited — — Vested (24,284) 19.71 Nonvested, end of year 39,295 $ 20.05 Year Ended December 31, 2021 Nonvested, beginning of year 39,169 $ 17.80 Granted 24,985 20.03 Forfeited — — Vested (24,840) 17.36 Nonvested, end of year 39,314 $ 19.50 Number Weighted Average Grant Date Fair Value Year Ended December 31, 2022 Nonvested, beginning of year — $ — Granted 107,144 28.52 Vested (35,715) 28.52 Nonvested, end of year 71,429 $ 28.52

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Income tax expense consists of the following: Years Ended December 31, 2022 2021 Current $ 10,421 $ 6,705 Deferred (2,696) (973) Income tax expense $ 7,725 $ 5,732
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the differences as of December 31, 2022 and 2021 is as follows: Years Ended December 31, 2022 2021 Income tax expense at federal statutory rate $ 7,307 $ 5,102 State income tax 1,268 879 Tax exempt income (253) (210) Investment tax credit (675) — Other 78 (39) Income tax expense $ 7,725 $ 5,732
Schedule of Deferred Tax Assets and Liabilities	The components of deferred income taxes are as follows: December 31, 2022 2021 Deferred income tax assets: Loan loss reserves $ 5,268 $ 3,812 Pre-opening and organization expenses — 15 Deferred compensation 1,269 1,055 Intangible assets created from asset purchase 28 34 Loans purchased at a premium 34 68 Restricted stock 248 40 Deferred origination fees 1,348 795 Net loss on fair market adjustments 130 — Unrealized loss on securities available for sale 3,882 — 12,207 5,819 Deferred income tax liabilities: Loans purchased at a discount 96 136 Depreciation 239 325 Intangible assets created from stock purchase 321 393 Investment tax credit 142 — Other 27 161 Unrealized gain on securities available for sale — 743 825 1,758 Net deferred income tax asset $ 11,382 $ 4,061

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loan Commitments	A summary of the Company’s commitments is as follows: December 31, 2022 2021 Commitments to extend credit $ 550,315 $ 314,194 Standby letters of credit 5,632 3,434 Total $ 555,947 $ 317,628

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Regulatory Capital and Ratios	As of December 31, 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 As of December 31, 2022 Tier 1 capital (to average assets) Company $ 174,679 8.82 % $ 79,182 4.00 % $ — — Bank $ 240,815 12.17 % $ 79,182 4.00 % $ 98,977 5.00 % CET 1 capital (to risk-weighted assets) Company $ 174,679 8.86 % $ 138,018 7.00 % $ — — Bank $ 240,815 12.21 % $ 138,018 7.00 % $ 128,160 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 174,679 8.86 % $ 167,593 8.50 % $ — — Bank $ 240,815 12.21 % $ 167,593 8.50 % $ 157,735 8.00 % Total capital (to risk-weighted assets) Company $ 282,835 14.34 % $ 207,027 10.50 % $ — — Bank $ 260,971 13.24 % $ 207,027 10.50 % $ 197,169 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2021 Tier 1 capital (to average assets) Company $ 156,723 9.74 % $ 64,376 4.00 % $ — — Bank $ 168,027 10.44 % $ 64,376 4.00 % $ 80,470 5.00 % CET 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 106,019 7.00 % $ — — Bank $ 168,027 11.09 % $ 106,019 7.00 % $ 98,446 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 156,723 10.35 % $ 128,737 8.50 % $ — — Bank $ 168,027 11.09 % $ 128,737 8.50 % $ 121,164 8.00 % Total capital (to risk-weighted assets) Company $ 171,567 11.33 % $ 159,028 10.50 % $ — — Bank $ 182,871 12.07 % $ 159,028 10.50 % $ 151,455 10.00 %

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 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 December 31, 2022 U.S. Treasury securities $ 8,584 $ — $ 8,584 $ — U.S. Government Sponsored Enterprises (GSEs) 1,788 — 1,788 — State and municipal securities 49,925 — 49,925 — Corporate debt securities 11,627 — 11,627 — Asset based securities 13,337 — 13,337 — Mortgage-backed GSE residential/multifamily and non-GSE 70,283 — 70,283 — Other equity securities 4,444 3,674 — 770 Interest Rate Products - asset 8,870 — 8,870 — Interest Rate Products - liabilities (8,882) — (8,882) — 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: December 31, 2022 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 168,499 $ 168,499 $ — $ — Securities available for sale 155,544 — 155,544 — Other equity securities 4,444 3,674 — 770 Loans held for sale 1,047 — 1,047 — Trading assets 8,870 — 8,870 — Loans, net 1,567,008 — 1,529,646 1,020 Bank owned life insurance 29,186 — 29,186 — Annuities 15,478 — 15,478 — Accrued interest receivable 6,963 — 6,963 — Restricted equity securities 3,134 — — 3,134 Financial liabilities: Deposits $ 1,720,743 $ — $ 1,714,249 $ — Trading liabilities 8,882 — 8,882 — FHLB advances 31,000 — 30,788 — Other borrowings (19) — (19) — Subordinated notes 86,314 — 86,314 — Accrued interest payable 584 — 584 — 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 December 31, 2022 and December 31, 2021: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant December 31, 2022 Impaired loans $ 1,020 $ — $ — $ 1,020 Foreclosed assets 2,930 — — 2,930 Totals $ 3,950 $ — $ — $ 3,950 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, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	The table below includes a rollforward of the balance sheet amounts for the year ended December 31, 2022 and 2021 (including the change in fair value) for financial instruments classified by the Company within Level 3 of the valuation hierarchy measured at fair value on a recurring basis. December 31, 2022 2021 Carrying value, beginning of period $ 4,247 $ — Purchases — 4,000 Reinvestments 150 98 Redemptions (3,306) — Net realized gains (321) 149 Carrying value, end of period $ 770 $ 4,247
Fair Value Measurement Inputs and Valuation Techniques	For Level 3 assets measured at fair value on a recurring basis as of December 31, 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 $ 770 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 December 31, 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 $ 1,020 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%

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]
Condensed Balance Sheet	CONDENSED BALANCE SHEET December 31, 2022 December 31, 2021 Assets: Cash $ 19,405 $ 399 Investment in subsidiary 247,856 188,503 Other assets 1,529 794 Total assets 268,790 189,696 Liabilities and stockholders’ equity: Other borrowings $ (19) $ 12,498 Subordinated debt 86,314 — Other liabilities 776 — Total liabilities 87,071 12,498 Stockholders’ equity 181,719 177,198 Total liabilities and stockholders’ equity $ 268,790 $ 189,696
Condensed Income Statement	CONDENSED STATEMENTS OF INCOME For the Years Ended 2022 2021 Income Dividend income from subsidiary $ 3,167 $ 2,826 Dividend income from equity securities 136 — 3,303 2,826 Expense Interest expense 2,315 412 Other 2,258 1,054 4,573 1,466 (Loss) income before income tax benefits and equity in undistributed earnings of subsidiary (1,270) 1,360 Income tax benefits 827 294 (Loss) income before equity in undistributed earnings of subsidiary (443) 1,654 Equity in undistributed earnings of subsidiary 27,514 16,913 Net income $ 27,071 $ 18,567
Condensed Cash Flow Statement	CONDENSED STATEMENTS OF CASH FLOW For the Years Ended 2022 2021 OPERATING ACTIVITIES Net income $ 27,071 $ 18,567 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed earnings of subsidiary (27,514) (16,913) Stock-based compensation 912 825 (Decrease) increase in accrued interest payable 3 (27) Net other operating income (expenses) 275 (85) Net cash provided by operating activities 747 2,367 INVESTING ACTIVITIES Investment in equity securities (237) (360) Net cash used in investing activities (237) (360) FINANCING ACTIVITIES Net (repayment) proceeds of note payable (12,517) 4,500 Net proceeds (repayment) of subordinated notes 86,314 (4,500) Issuance of common stock 222 21,123 Purchase of common stock (7,358) — Capital contribution to subsidiary (45,000) (20,000) Common stock dividends paid (3,165) (2,892) Net cash provided by (used in) financing activities 18,496 (1,769) Net increase in cash 19,006 238 Cash at beginning of year 399 161 Cash at end of year $ 19,405 $ 399

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Changes in related party loans for the years ended December 31, 2022 and 2021 are as follows: December 31, 2022 2021 Balance, beginning of year $ 7,323 $ 8,041 Advances 625 2,176 Repayments (2,257) (2,894) Balance, end of year $ 5,691 $ 7,323

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	12 Months Ended
	Dec. 31, 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)	12 Months Ended
	Dec. 31, 2022
Minimum | Building
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 | Building
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 ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Basic Earnings Per Share:
Net income	$ 27,071	$ 18,567
Weighted average common shares outstanding (in shares)	8,774,860	8,198,188
Basic earnings per share (in dollars per share)	$ 3.08	$ 2.26
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 27,053	$ 18,538
Weighted average common shares outstanding (in shares)	8,774,860	8,198,188
Net dilutive effect of:
Assumed exercises of stock options and vesting of restricted stock units (in shares)	174,809	118,348
Average shares and dilutive potential common shares (in shares)	8,949,669	8,316,536
Dilutive earnings per share (in dollars per share)	$ 3.02	$ 2.23

SECURITIES - Amortized Cost and

SECURITIES - Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 170,474	$ 129,317
Gross Unrealized Gains	103	3,291
Gross Unrealized Losses	(15,033)	(436)
Securities available for sale, at fair value	155,544	132,172
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,652	19,672
Gross Unrealized Gains	0	364
Gross Unrealized Losses	(4,287)	(126)
Securities held to maturity, at amortized cost	15,365	19,910
Total securities
Amortized Cost	190,126	148,989
Gross Unrealized Gains	103	3,655
Gross Unrealized Losses	(19,320)	(562)
Fair Value	170,909	152,082
Debt securities restricted	32,222	46,263
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,764	7,820
Gross Unrealized Gains	0	22
Gross Unrealized Losses	(1,180)	(20)
Securities available for sale, at fair value	8,584	7,822
U.S. Government Sponsored Enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,009	9,228
Gross Unrealized Gains	0	68
Gross Unrealized Losses	(221)	(103)
Securities available for sale, at fair value	1,788	9,193
State and municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	56,204	54,236
Gross Unrealized Gains	100	2,611
Gross Unrealized Losses	(6,379)	(66)
Securities available for sale, at fair value	49,925	56,781
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,652	19,672
Gross Unrealized Gains	0	364
Gross Unrealized Losses	(4,287)	(126)
Securities held to maturity, at amortized cost	15,365	19,910
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,526	10,530
Gross Unrealized Gains	0	289
Gross Unrealized Losses	(899)	(35)
Securities available for sale, at fair value	11,627	10,784
Asset based securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	14,079	10,380
Gross Unrealized Gains	0	116
Gross Unrealized Losses	(742)	(24)
Securities available for sale, at fair value	13,337	10,472
Mortgage-backed GSE residential/multifamily and non-GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	75,892	37,123
Gross Unrealized Gains	3	185
Gross Unrealized Losses	(5,612)	(188)
Securities available for sale, at fair value	$ 70,283	$ 37,120

SECURITIES - Amortized Cost a_2

SECURITIES - Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Amortized Cost
Due in less than one year	$ 0	$ 302
Due from one year to five years	8,338	2,766
Due after five to ten years	24,468	26,475
Due after ten years	61,776	62,651
Mortgage-backed securities	75,892	37,123
Amortized Cost	170,474	129,317
Fair Value
Due in less than one year	0	302
Due from one year to five years	7,818	2,790
Due after five to ten years	22,047	26,764
Due after ten years	55,396	65,196
Mortgage-backed securities	70,283	37,120
Total securities available for sale	155,544	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	5,310	1,100
Due after ten years	14,342	18,572
Mortgage-backed securities	0	0
Amortized Cost	19,652	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	4,255	1,115
Due after ten years	11,110	18,795
Mortgage-backed securities	0	0
Securities held to maturity, at amortized cost	15,365	19,910
Total securities
Amortized Cost	190,126	148,989
Fair Value	$ 170,909	$ 152,082

SECURITIES- Gains and Losses on

SECURITIES- Gains and Losses on Sales of Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 331	$ 862
Gross losses	(963)	(919)
Net realized losses	$ (632)	$ (57)

SECURITIES - Restricted Equity

SECURITIES - Restricted Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	$ 3,134	$ 2,600
Federal Home Loan Bank stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	2,209	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) $ in Thousands	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Gross Unrealized Losses
Less Than Twelve Months	$ (6,963)	$ (357)
Over Twelve Months	(8,070)	(79)
Total Unrealized Losses	(15,033)	(436)
Fair Value
Less Than Twelve Months	95,631	35,626
Over Twelve Months	53,588	5,527
Gross Unrealized Losses
Less Than Twelve Months	(2,072)	(126)
Over Twelve Months	(2,215)	0
Total Unrealized Losses	(4,287)	(126)
Fair Value
Less Than Twelve Months	8,153	6,450
Over Twelve Months	7,211	0
Gross Unrealized Losses
Less Than Twelve Months	(9,035)	(483)
Over Twelve Months	(10,285)	(79)
Total Unrealized Losses	(19,320)	(562)
Fair Value
Less Than Twelve Months	103,784	42,076
Over Twelve Months	$ 60,799	5,527
Number of securities in loss position | security	224
U.S. Treasury securities
Gross Unrealized Losses
Less Than Twelve Months	$ (119)	(20)
Over Twelve Months	(1,061)	0
Total Unrealized Losses	(1,180)	(20)
Fair Value
Less Than Twelve Months	1,873	5,347
Over Twelve Months	6,711	0
U.S. Government Sponsored Enterprises (GSEs)
Gross Unrealized Losses
Less Than Twelve Months	0	(57)
Over Twelve Months	(221)	(46)
Total Unrealized Losses	(221)	(103)
Fair Value
Less Than Twelve Months	0	1,946
Over Twelve Months	1,788	1,899
State and municipal securities
Gross Unrealized Losses
Less Than Twelve Months	(2,561)	(66)
Over Twelve Months	(3,818)	0
Total Unrealized Losses	(6,379)	(66)
Fair Value
Less Than Twelve Months	26,504	6,270
Over Twelve Months	19,012	0
Gross Unrealized Losses
Less Than Twelve Months	(2,072)	(126)
Over Twelve Months	(2,215)	0
Total Unrealized Losses	(4,287)	(126)
Fair Value
Less Than Twelve Months	8,153	6,450
Over Twelve Months	7,211	0
Corporate debt securities
Gross Unrealized Losses
Less Than Twelve Months	(507)	(35)
Over Twelve Months	(392)	0
Total Unrealized Losses	(899)	(35)
Fair Value
Less Than Twelve Months	8,497	2,995
Over Twelve Months	3,130	0
Asset based securities
Gross Unrealized Losses
Less Than Twelve Months	(178)	(21)
Over Twelve Months	(564)	(3)
Total Unrealized Losses	(742)	(24)
Fair Value
Less Than Twelve Months	6,497	2,842
Over Twelve Months	6,840	879
Mortgage-backed GSE residential/multifamily and non-GSE
Gross Unrealized Losses
Less Than Twelve Months	(3,598)	(158)
Over Twelve Months	(2,014)	(30)
Total Unrealized Losses	(5,612)	(188)
Fair Value
Less Than Twelve Months	52,260	16,226
Over Twelve Months	$ 16,107	$ 2,749

SECURITIES - Other-Than-Tempora

SECURITIES - Other-Than-Temporary Impairment (Details) - USD ($)	Dec. 31, 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	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 1,592,707	$ 1,254,117
% of Total	100%	100%
Deferred loan fees	$ (5,543)	$ (3,817)
Allowance for loan losses	(20,156)	(14,844)	$ (11,859)
Loans, net	1,567,008	1,235,456
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	1,328,499	1,038,511
Allowance for loan losses	(14,443)	(11,554)	(8,057)
Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 255,736	$ 174,480
% of Total	16.10%	13.90%
Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 167,891	$ 147,490
% of Total	10.50%	11.80%
Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 904,872	$ 716,541
% of Total	56.80%	57.10%
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 256,553	$ 206,897
% of Total	16.10%	16.50%
Allowance for loan losses	$ (5,642)	$ (3,166)	(3,609)
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 7,655	$ 8,709
% of Total	0.50%	0.70%
Allowance for loan losses	$ (71)	$ (124)	$ (193)

LOANS - Narrative (Details)

LOANS - Narrative (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($) loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loan portfolio segments | segment	3
Loans, net of unearned income	$ 1,587,164,000	$ 1,250,300,000
Commercial and industrial | Paycheck Protection Plan
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans outstanding | loan		36
Loans, net of unearned income		$ 9,203
Adjustment to loan yield	$ 298,000

LOANS - Credit Quality Indicato

LOANS - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 1,592,707	$ 1,254,117
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,328,499	1,038,511
Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	255,736	174,480
Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	167,891	147,490
Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	904,872	716,541
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	256,553	206,897
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,655	8,709
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,555,152	1,215,708
Pass | Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	251,130	168,751
Pass | Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	165,388	142,782
Pass | Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	883,082	691,863
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	247,948	203,630
Pass | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,604	8,682
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	33,208	23,294
Special Mention | Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,539	388
Special Mention | Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,787	3,554
Special Mention | Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	18,532	16,371
Special Mention | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,322	2,960
Special Mention | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	28	21
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,347	14,881
Substandard | Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	67	5,341
Substandard | Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	716	1,154
Substandard | Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,258	8,307
Substandard | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	283	73
Substandard | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	23	6
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	234
Doubtful | Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	0
Doubtful | Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	0	0
Doubtful | Real Estate | 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	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,592,707	$ 1,254,117
Nonaccrual	2,244	1,478
Real Estate
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,328,499	1,038,511
Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	255,736	174,480
Nonaccrual	67	346
Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	167,891	147,490
Nonaccrual	564	167
Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	904,872	716,541
Nonaccrual	1,278	674
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	256,553	206,897
Nonaccrual	312	285
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	7,655	8,709
Nonaccrual	23	6
Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,585,972	1,248,690
Current | Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	255,575	173,027
Current | Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	167,108	146,871
Current | Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	900,895	714,092
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	254,824	206,027
Current | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	7,570	8,673
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	4,491	3,949
Total Past Due | Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	94	1,107
Total Past Due | Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	219	452
Total Past Due | Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,699	1,775
Total Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,417	585
Total Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	62	30
30-59 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	4,222	2,095
30-59 Days | Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	62
30-59 Days | Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	147	129
30-59 Days | Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,634	1,775
30-59 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,379	99
30-59 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	62	30
60-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	269	1,360
60-89 Days | Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	94	746
60-89 Days | Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	72	128
60-89 Days | Real Estate | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	65	0
60-89 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	38	486
60-89 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	0
90+ Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	494
90+ Days | Real Estate | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	299
90+ Days | Real Estate | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0	195
90+ Days | Real Estate | 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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses:
Beginning balance	$ 14,844	$ 11,859
Provision (credit) for loan losses	5,605	2,982
Loans charged off	(578)	(46)
Recoveries of loans previously charged off	285	49
Ending balance	20,156	14,844
Ending balance - individually evaluated for impairment	514	635
Ending balance - collectively evaluated for impairment	19,605	14,140
Loans:
Ending balance - individually evaluated for impairment	8,999	15,075
Ending balance - collectively evaluated for impairment	1,582,566	1,237,770
Gross loans	1,592,707	1,254,117
Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	69
Ending balance	37	69
Loans:
Gross loans	1,142	1,272
Real Estate
Allowance for loan losses:
Beginning balance	11,554	8,057
Provision (credit) for loan losses	2,912	3,516
Loans charged off	(73)	(44)
Recoveries of loans previously charged off	50	25
Ending balance	14,443	11,554
Ending balance - individually evaluated for impairment	258	340
Ending balance - collectively evaluated for impairment	14,148	11,145
Loans:
Ending balance - individually evaluated for impairment	8,652	14,742
Ending balance - collectively evaluated for impairment	1,318,705	1,022,497
Gross loans	1,328,499	1,038,511
Real Estate | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	69
Ending balance	37	69
Loans:
Gross loans	1,142	1,272
Commercial
Allowance for loan losses:
Beginning balance	3,166	3,609
Provision (credit) for loan losses	2,750	(458)
Loans charged off	(479)	0
Recoveries of loans previously charged off	205	15
Ending balance	5,642	3,166
Ending balance - individually evaluated for impairment	248	292
Ending balance - collectively evaluated for impairment	5,394	2,874
Loans:
Ending balance - individually evaluated for impairment	313	307
Ending balance - collectively evaluated for impairment	256,240	206,590
Gross loans	256,553	206,897
Commercial | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	0
Ending balance	0	0
Loans:
Gross loans	0	0
Consumer
Allowance for loan losses:
Beginning balance	124	193
Provision (credit) for loan losses	(57)	(76)
Loans charged off	(26)	(2)
Recoveries of loans previously charged off	30	9
Ending balance	71	124
Ending balance - individually evaluated for impairment	8	3
Ending balance - collectively evaluated for impairment	63	121
Loans:
Ending balance - individually evaluated for impairment	34	26
Ending balance - collectively evaluated for impairment	7,621	8,683
Gross loans	7,655	8,709
Consumer | Loans acquired with credit deterioration
Allowance for loan losses:
Beginning balance	0
Ending balance	0	0
Loans:
Gross loans	$ 0	$ 0

LOANS - Impaired Loans (Details

LOANS - Impaired Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
With no related allowance recorded:
Recorded Investment	$ 8,878	$ 14,368
Unpaid Principal Balance	8,878	14,368
Average Recorded Investment	8,914	14,385
Interest Income Recognized	706	739
With an allowance recorded:
Recorded Investment	1,263	1,979
Unpaid Principal Balance	1,334	2,050
Related Allowance	551	704
Average Recorded Investment	1,304	1,988
Interest Income Recognized	54	88
Total impaired loans
Recorded Investment	10,141	16,347
Unpaid Principal Balance	10,212	16,418
Average Recorded Investment	10,218	16,373
Interest Income Recognized	760	827
Real Estate | Construction and development
With no related allowance recorded:
Recorded Investment	372	5,258
Unpaid Principal Balance	372	5,258
Average Recorded Investment	397	5,261
Interest Income Recognized	21	205
With an allowance recorded:
Recorded Investment	92	370
Unpaid Principal Balance	92	370
Related Allowance	39	148
Average Recorded Investment	95	370
Interest Income Recognized	6	10
Real Estate | Residential
With no related allowance recorded:
Recorded Investment	1,129	1,081
Unpaid Principal Balance	1,129	1,081
Average Recorded Investment	1,169	1,090
Interest Income Recognized	59	90
With an allowance recorded:
Recorded Investment	255	633
Unpaid Principal Balance	326	704
Related Allowance	90	125
Average Recorded Investment	265	636
Interest Income Recognized	12	27
Real Estate | Commercial
With no related allowance recorded:
Recorded Investment	7,323	7,992
Unpaid Principal Balance	7,323	7,992
Average Recorded Investment	7,282	7,993
Interest Income Recognized	622	440
With an allowance recorded:
Recorded Investment	623	680
Unpaid Principal Balance	623	680
Related Allowance	166	136
Average Recorded Investment	630	682
Interest Income Recognized	21	32
Commercial and industrial
With no related allowance recorded:
Recorded Investment	36	22
Unpaid Principal Balance	36	22
Average Recorded Investment	42	25
Interest Income Recognized	3	3
With an allowance recorded:
Recorded Investment	277	285
Unpaid Principal Balance	277	285
Related Allowance	248	292
Average Recorded Investment	298	289
Interest Income Recognized	14	18
Consumer and other
With no related allowance recorded:
Recorded Investment	18	15
Unpaid Principal Balance	18	15
Average Recorded Investment	24	16
Interest Income Recognized	1	1
With an allowance recorded:
Recorded Investment	16	11
Unpaid Principal Balance	16	11
Related Allowance	8	3
Average Recorded Investment	16	11
Interest Income Recognized	$ 1	$ 1

LOANS - Troubled Debt Restructu

LOANS - Troubled Debt Restructurings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 2,124	$ 2,012
Number of loans | loan	4	5
Recorded investment prior to modification	$ 540	$ 729
Recorded investment after modification	527	688
Impact on the allowance for loan losses	$ 116	$ 63
Troubled debt restructuring, subsequent default, number of contracts | loan	0	3
Nonperforming Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 1,292	$ 1,072
Performing Financial Instruments
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable troubled debt restructuring	$ 832	$ 940
Real Estate | Construction and development
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	0	2
Recorded investment prior to modification	$ 0	$ 189
Recorded investment after modification	0	178
Impact on the allowance for loan losses	$ 0	$ 63
Real Estate | Residential
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	2	1
Recorded investment prior to modification	$ 170	$ 3
Recorded investment after modification	164	0
Impact on the allowance for loan losses	$ 0	$ 0
Real Estate | Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	1	2
Recorded investment prior to modification	$ 359	$ 537
Recorded investment after modification	352	510
Impact on the allowance for loan losses	$ 116	$ 0
Commercial and industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	1	0
Recorded investment prior to modification	$ 11	$ 0
Recorded investment after modification	11	0
Impact on the allowance for loan losses	$ 0	$ 0
Consumer and other
Financing Receivable, Allowance for Credit Loss [Line Items]
Number of loans | loan	0	0
Recorded investment prior to modification	$ 0	$ 0
Recorded investment after modification	0	0
Impact on the allowance for loan losses	$ 0	$ 0

FORECLOSED ASSETS - Foreclosed

FORECLOSED ASSETS - Foreclosed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Foreclosed Assets [Roll Forward]
Balance, beginning of year	$ 2,930	$ 10,224
Acquired through settlement of loans	0	100
Sales proceeds	0	(7,187)
Net loss on sales of foreclosed assets	0	(207)
Balance, end of year	$ 2,930	$ 2,930

FORECLOSED ASSETS - Net Expense

FORECLOSED ASSETS - Net Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Repossessed Assets [Abstract]
Net loss on sales of foreclosed assets	$ 0	$ 207
Operating expenses, net of rental income	(148)	(366)
Net expense	(148)	(159)
Other real estate	$ 60	$ 60

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 36,973	$ 35,558
Accumulated depreciation	(9,628)	(8,514)
Premises and equipment, net	27,345	27,044
Land and land improvements
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	8,720	8,169
Building
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	23,090	22,604
Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 5,163	$ 4,785

LEASES - Future Obligations (De

LEASES - Future Obligations (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
2023	$ 220
2024	137
2025	81
2026	84
2027	86
Thereafter	7
Total	615
Less: Interest	(52)
Operating lease liabilities	563
Lessee, Operating Lease, Excluding Renewal Options
Lessee, Lease, Description [Line Items]
2023	248
2024	142
2025	81
2026	84
2027	86
Thereafter	7
Total	$ 648

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Rental expense	$ 252	$ 488

LEASES - Operating Leases (Deta

LEASES - Operating Leases (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
Operating lease right-of-use assets	$ 561
Operating lease liabilities	$ 563
Weighted average remaining operating lease term (in years)	2 years 6 months
Weighted average operating lease discount rate	4.50%
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities

DEPOSITS - Schedule of Composit

DEPOSITS - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Noninterest-bearing transaction	$ 460,977	$ 541,546
Interest-bearing transaction	837,127	704,326
Savings	49,235	56,715
Time deposits, $250,000 and under	307,145	224,556
Time deposits, over $250,000	66,259	29,308
Total deposits	$ 1,720,743	$ 1,556,451

DEPOSITS - Schedule of Maturiti

DEPOSITS - Schedule of Maturities of Time Deposits (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Banking and Thrift, Interest [Abstract]
2023	$ 215,355
2024	142,012
2025	12,910
2026	893
2027	2,093
Thereafter	141
Time deposits	$ 373,404

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Banking and Thrift, Interest [Abstract]
Brokered deposits	$ 110,503	$ 34,110
Overdrawn deposits reclassified as loans	$ 137	$ 208

BORROWINGS - Note Payable and S

BORROWINGS - Note Payable and Subordinated Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Long-term debt	$ 117,295,000	$ 38,448,000
Line of Credit
Debt Instrument [Line Items]
Long-term debt	(19,000)	12,498,000
Line of credit facility, maximum borrowing capacity	25,000,000
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
Long-term debt	$ 31,000,000	25,950,000
Federal Home Loan Bank Advances | Minimum
Debt Instrument [Line Items]
Interest rate, stated percentage	0.31%
Federal Home Loan Bank Advances | Maximum
Debt Instrument [Line Items]
Interest rate, stated percentage	4.57%
Subordinated Notes due February 2032
Debt Instrument [Line Items]
Interest rate, stated percentage	3.50%
Subordinated Notes due February 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Long-term debt	$ 47,097,000	0
Basis spread on variable rate	2.05%
Subordinated Notes due October 2032
Debt Instrument [Line Items]
Interest rate, stated percentage	7%
Subordinated Notes due October 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Long-term debt	$ 39,217,000	$ 0
Basis spread on variable rate	3.06%

BORROWINGS - Contractual Maturi

BORROWINGS - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 21,000
2024	9,981
2025	0
2026	0
2027	0
Thereafter	86,314
Total	$ 117,295	$ 38,448

BORROWINGS - Narrative (Details

BORROWINGS - Narrative (Details) - USD ($)				12 Months Ended
	Oct. 26, 2022	Feb. 07, 2022	Jun. 23, 2016	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
FHLB advances				$ 31,000,000	$ 25,950,000
Federal funds purchased				0	$ 0
Federal funds, maximum borrowings				87,200,000
Line of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				$ 25,000,000
Percent of capital stock used as collateral				100%
Federal Home Loan Bank Advances
Debt Instrument [Line Items]
FHLB advances				$ 31,000,000
FHLB, amount available				99,537,000
Federal Home Loan Bank Advances | Commercial
Debt Instrument [Line Items]
Debt instrument, collateral amount				90,978,000
Federal Home Loan Bank Advances | Residential
Debt Instrument [Line Items]
Debt instrument, collateral amount				34,166,000
Federal Home Loan Bank Advances | Home Equity Line of Credit
Debt Instrument [Line Items]
Debt instrument, collateral amount				5,393,000
Subordinated Debt | Subordinated Notes due July 2026
Debt Instrument [Line Items]
Face amount			$ 4,500,000
Interest rate, stated percentage			6.625%
Subordinated Debt | Subordinated Notes due July 2026 | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate			5.412%
Subordinated Debt | Subordinated Notes due February 2032
Debt Instrument [Line Items]
Face amount		$ 48,000,000
Interest rate, stated percentage		3.50%
Debt issuance costs, gross		$ 1,093,000
Debt issuance costs, net				$ 903,000
Amortization period				60 months
Subordinated Debt | Subordinated Notes due February 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate		2.05%
Subordinated Debt | Subordinated Notes due October 2032
Debt Instrument [Line Items]
Face amount	$ 40,000,000
Interest rate, stated percentage	7%
Debt issuance costs, gross	$ 810
Debt issuance costs, net	$ 783,000
Amortization period				60 months
Subordinated Debt | Subordinated Notes due October 2032 | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Basis spread on variable rate	3.06%

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral already posted	$ 8,950
Loss recognized in income from fair value adjustment	$ 47
Derivative Loss Statement Of Income Or Comprehensive Income Extensible Enumeration Not Disclosed Flag	loss recognized in income on derivatives
Loss recognized in income from fee income	$ 3
Fair value of derivatives in a net liability position	9,018
Termination value	$ 9,018

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	Dec. 31, 2022	Dec. 31, 2021
Other Assets
Notional Amount	$ 73,631	$ 77,534
Fair Value	8,870	1,784
Other Liabilities
Notional Amount	73,631	77,534
Fair Value	$ (8,882)	$ (1,843)

EMPLOYEE AND DIRECTOR BENEFIT_2

EMPLOYEE AND DIRECTOR BENEFITS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 912	$ 825
Unrecognized compensation	513	587
Company recorded liability	4,399	3,578
Plan expense	821	589
Cash surrender value	29,186	22,201
Bank owned life insurance income	624	497
Capital Surplus
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 412	$ 362
Share-based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive stock option plan (in shares)	310,860,000
Weighted average period of years	1 year 6 months 3 days
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	24,265,000	24,985,000
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	3 years
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period	5 years
Restricted Stock | Unvested Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 500	$ 463
Unrecognized compensation cost	(477)
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Company recognized cost	$ 773
Granted (in shares)	107,144,000
Award vesting period	3 years
Unrecognized compensation cost	$ 2,283

EMPLOYEE AND DIRECTOR BENEFIT_3

EMPLOYEE AND DIRECTOR BENEFITS - Options (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number
Options outstanding, beginning of year (in shares)	501,492	480,478
Granted (in shares)	32,067	33,294
Exercised (in shares)	(15,300)	(10,000)
Forfeited (in shares)	0	(2,280)
Options outstanding, end of year (in shares)	518,259	501,492
Exercisable, end of year (in shares)	405,125	327,526
Weighted Average Exercise Price
Weighted average exercise price, beginning balance (in dollars per share)	$ 15.37	$ 14.95
Granted weighted average exercise price (in dollars per share)	20.61	20.03
Exercised weighted average exercise price per share (in dollars per share)	14.43	10
Forfeited weighted average exercise price per share (in dollars per share)	0	20.10
Weighted average exercise price, Ending balance (in dollars per share)	$ 15.72	$ 15.37
Weighted average remaining contractual life	5 years 8 months 19 days	6 years 5 months 15 days
Exercisable end of year weighted average exercise price (in dollars per share)	$ 14.66	$ 13.79

EMPLOYEE AND DIRECTOR BENEFIT_4

EMPLOYEE AND DIRECTOR BENEFITS - Exercisable Options (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares (in shares) | shares	405,125
Weighted Average Exercise Price (in dollars per share)	$ 14.66
Weighted Average Remaining Contractual Term	5 years 1 month 13 days
Aggregate Intrinsic Value | $	$ 5,788
Exercise Price 1
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 10
Shares (in shares) | shares	115,000
Weighted Average Exercise Price (in dollars per share)	$ 10
Weighted Average Remaining Contractual Term	3 years 21 days
Aggregate Intrinsic Value | $	$ 2,179
Exercise Price 2
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	28,000
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	4 years 3 months 18 days
Aggregate Intrinsic Value | $	$ 419
Exercise Price 3
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	9,000
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	4 years 7 months 17 days
Aggregate Intrinsic Value | $	$ 135
Exercise Price 4
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14
Shares (in shares) | shares	5,000
Weighted Average Exercise Price (in dollars per share)	$ 14
Weighted Average Remaining Contractual Term	4 years 11 months 19 days
Aggregate Intrinsic Value | $	$ 75
Exercise Price 5
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	67,200
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	5 years 21 days
Aggregate Intrinsic Value | $	$ 971
Exercise Price 6
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	10,500
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	5 years 4 months 17 days
Aggregate Intrinsic Value | $	$ 152
Exercise Price 7
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.50
Shares (in shares) | shares	6,400
Weighted Average Exercise Price (in dollars per share)	$ 14.50
Weighted Average Remaining Contractual Term	5 years 11 months 1 day
Aggregate Intrinsic Value | $	$ 92
Exercise Price 8
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 16
Shares (in shares) | shares	75,392
Weighted Average Exercise Price (in dollars per share)	$ 16
Weighted Average Remaining Contractual Term	6 years 25 days
Aggregate Intrinsic Value | $	$ 976
Exercise Price 9
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 22.75
Shares (in shares) | shares	9,000
Weighted Average Exercise Price (in dollars per share)	$ 22.75
Weighted Average Remaining Contractual Term	6 years 9 months 18 days
Aggregate Intrinsic Value | $	$ 56
Exercise Price 10
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 20.10
Shares (in shares) | shares	41,034
Weighted Average Exercise Price (in dollars per share)	$ 20.10
Weighted Average Remaining Contractual Term	7 years 25 days
Aggregate Intrinsic Value | $	$ 363
Exercise Price 11
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 20.10
Shares (in shares) | shares	19,501
Weighted Average Exercise Price (in dollars per share)	$ 20.10
Weighted Average Remaining Contractual Term	7 years 1 month 13 days
Aggregate Intrinsic Value | $	$ 173
Exercise Price 12
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 14.98
Shares (in shares) | shares	4,000
Weighted Average Exercise Price (in dollars per share)	$ 14.98
Weighted Average Remaining Contractual Term	7 years 9 months 7 days
Aggregate Intrinsic Value | $	$ 56
Exercise Price 13
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 18.34
Shares (in shares) | shares	4,000
Weighted Average Exercise Price (in dollars per share)	$ 18.34
Weighted Average Remaining Contractual Term	7 years 11 months 23 days
Aggregate Intrinsic Value | $	$ 42
Exercise Price 14
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Exercise Price (in dollars per share)	$ 20.03
Shares (in shares) | shares	11,098
Weighted Average Exercise Price (in dollars per share)	$ 20.03
Weighted Average Remaining Contractual Term	8 years 1 month 13 days
Aggregate Intrinsic Value | $	$ 99

EMPLOYEE AND DIRECTOR BENEFIT_5

EMPLOYEE AND DIRECTOR BENEFITS - Weighted Average Assumptions (Details) - Share-based Payment Arrangement, Option - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	1.75%	2.50%
Weighted average volatility	77.33%	65.43%
Expected life in years	6 years 6 months	6 years 6 months
Risk-free interest rate	1.93%	0.81%
Weighted average grant date fair value (in dollars per share)	$ 12.47	$ 9.77

EMPLOYEE AND DIRECTOR BENEFIT_6

EMPLOYEE AND DIRECTOR BENEFITS - Restricted Stock (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Restricted Stock
Number
Non vested beginning of year (in shares)	39,314	39,169
Granted (in shares)	24,265	24,985
Forfeited (in shares)	0	0
Vested (in shares)	(24,284)	(24,840)
Non vested end of year (in shares)	39,295	39,314
Weighted Average Grant Date Fair Value
Non vested beginning of year weighted average exercise price (in dollars per share)	$ 19,500	$ 17,800
Granted weighted average exercise price (in dollars per share)	20,610	20,030
Forfeited weighted average exercise price per share (in dollars per share)	0	0
Vested weighted average exercise price (in dollars per share)	19,710	17,360
Non vested end of year weighted average exercise price (in dollars per share)	$ 20,050	$ 19,500
Restricted Stock Units (RSUs)
Number
Non vested beginning of year (in shares)	0
Granted (in shares)	107,144
Vested (in shares)	(35,715)
Non vested end of year (in shares)	71,429	0
Weighted Average Grant Date Fair Value
Non vested beginning of year weighted average exercise price (in dollars per share)	$ 0
Granted weighted average exercise price (in dollars per share)	28,520
Vested weighted average exercise price (in dollars per share)	28,520
Non vested end of year weighted average exercise price (in dollars per share)	$ 28,520	$ 0

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Current	$ 10,421	$ 6,705
Deferred	(2,696)	(973)
Income tax expense	$ 7,725	$ 5,732

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense at federal statutory rate	$ 7,307	$ 5,102
State income tax	1,268	879
Tax exempt income	(253)	(210)
Investment tax credit	(675)	0
Other	78	(39)
Income tax expense	$ 7,725	$ 5,732

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets:
Loan loss reserves	$ 5,268	$ 3,812
Pre-opening and organization expenses	0	15
Deferred compensation	1,269	1,055
Intangible assets created from asset purchase	28	34
Loans purchased at a premium	34	68
Restricted stock	248	40
Deferred origination fees	1,348	795
Net loss on fair market adjustments	130	0
Unrealized loss on securities available for sale	3,882	0
Deferred tax assets, gross	12,207	5,819
Deferred income tax liabilities:
Loans purchased at a discount	96	136
Depreciation	239	325
Intangible assets created from stock purchase	321	393
Investment tax credit	142	0
Other	27	161
Unrealized gain on securities available for sale	0	743
Deferred tax liabilities, gross	825	1,758
Net deferred income tax asset	$ 11,382	$ 4,061

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 555,947,000	$ 317,628,000
Provision (credit) for loan losses	5,605,000	2,982,000
Commitments to extend credit
Guarantor Obligations [Line Items]
Exposure to credit loss	550,315,000	314,194,000
Standby letters of credit
Guarantor Obligations [Line Items]
Exposure to credit loss	5,632,000	3,434,000
Provision (credit) for loan losses	$ 0	$ 0

CONCENTRATIONS OF CREDIT (Detai

CONCENTRATIONS OF CREDIT (Details) $ in Thousands	12 Months Ended
	Dec. 31, 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	$ 51,855
Commitments to expend in excess of capital, unsecured basis, percentage	10%
Commitments to expend in excess of capital, unsecured basis	$ 25,928
Real estate mortgages | Financing Receivable | Loan Portfolio Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	83%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - shares	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Common stock issued (in shares)	8,706,920	9,012,857
Common stock outstanding (in shares)	8,706,920	9,012,857

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Company
Tier 1 capital (to average assets)
Actual amount	$ 174,679	$ 156,723
Actual ratio	0.0882	0.0974
Required for capital adequacy purposes, amount	$ 79,182	$ 64,376
Required for capital adequacy purposes, ratio	0.0400	0.0400
CET 1 capital (to risk-weighted assets)
Actual amount	$ 174,679	$ 156,723
Actual ratio	0.0886	0.1035
Required for capital adequacy purposes, amount	$ 138,018	$ 106,019
Required for capital adequacy purposes, ratio	0.0700	0.0700
Total capital (to risk-weighted assets)
Actual amount	$ 174,679	$ 156,723
Actual ratio	0.0886	0.1035
Required for capital adequacy purposes, amount	$ 167,593	$ 128,737
Required for capital adequacy purposes, ratio	0.0850	0.0850
Total capital (to risk-weighted assets)
Actual amount	$ 282,835	$ 171,567
Actual ratio	0.1434	0.1133
Required for capital adequacy purposes, amount	$ 207,027	$ 159,028
Required for capital adequacy purposes, ratio	0.1050	0.1050
Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Retained earnings available for dividend declaration without regulatory approval	$ 51,951
Tier 1 capital (to average assets)
Actual amount	$ 240,815	$ 168,027
Actual ratio	0.1217	0.1044
Required for capital adequacy purposes, amount	$ 79,182	$ 64,376
Required for capital adequacy purposes, ratio	0.0400	0.0400
Minimums to be “well capitalized” under prompt corrective action, amount	$ 98,977	$ 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	$ 240,815	$ 168,027
Actual ratio	0.1221	0.1109
Required for capital adequacy purposes, amount	$ 138,018	$ 106,019
Required for capital adequacy purposes, ratio	0.0700	0.0700
Minimums to be “well capitalized” under prompt corrective action, amount	$ 128,160	$ 98,446
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0650	0.0650
Total capital (to risk-weighted assets)
Actual amount	$ 240,815	$ 168,027
Actual ratio	0.1221	0.1109
Required for capital adequacy purposes, amount	$ 167,593	$ 128,737
Required for capital adequacy purposes, ratio	0.0850	0.0850
Minimums To Be "Well Capitalized" Under Prompt Corrective Action, Amount	$ 157,735	$ 121,164
Minimums To Be "Well Capitalized" Under Prompt Corrective Action, Ratio	0.0800	0.0800
Total capital (to risk-weighted assets)
Actual amount	$ 260,971	$ 182,871
Actual ratio	0.1324	0.1207
Required for capital adequacy purposes, amount	$ 207,027	$ 159,028
Required for capital adequacy purposes, ratio	0.1050	0.1050
Minimums to be “well capitalized” under prompt corrective action, amount	$ 197,169	$ 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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	$ 155,544	$ 132,172
Other equity securities, at fair value	$ 4,444	$ 9,232
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Securities available for sale, at fair value	Securities available for sale, at fair value
Derivative Liability Statement Of Financial Position Extensible Enumeration Not Disclosed Flag	Interest Rate Products - liabilities	Interest Rate Products - liabilities
Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	$ 0	$ 0
Other equity securities, at fair value	3,674	4,985
Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	155,544	132,172
Other equity securities, at fair value	0	0
Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Other equity securities, at fair value	770	4,247
Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	4,444	9,232
Interest Rate Products - asset	8,870	1,784
Interest Rate Products - liabilities	(8,882)	(1,843)
Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	3,674	4,985
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	0	0
Interest Rate Products - asset	8,870	1,784
Interest Rate Products - liabilities	(8,882)	(1,843)
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other equity securities, at fair value	770	4,247
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
U.S. Treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	8,584	7,822
U.S. Treasury securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	8,584	7,822
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	8,584	7,822
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Government Sponsored Enterprises (GSEs)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	1,788	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	1,788	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	1,788	9,193
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
State and municipal securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	49,925	56,781
State and municipal securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	49,925	56,781
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	49,925	56,781
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	11,627	10,784
Corporate debt securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	11,627	10,784
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	11,627	10,784
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	13,337	10,472
Asset based securities | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	13,337	10,472
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	13,337	10,472
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	70,283	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	70,283	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	70,283	37,120
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities available for sale, at fair value	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 3,950	$ 10,648
Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	1,020	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	3,950	10,648
Fair Value, Inputs, Level 3 | Impaired loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	1,020	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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	$ 10,141	$ 16,347
Related Allowance	551	704
Provision for loan losses	215	40
Fair value
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	1,571	8,422
Cost
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Recorded Investment	$ 8,570	$ 7,925

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES - Level 3 Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Carrying value, beginning of period	$ 4,247	$ 0
Purchases	0	4,000
Reinvestments	(3,306)	0
Redemptions	150	98
Net realized gains	$ (321)	$ 149
Fair Value Recurring Basis Unobservable Input Reconciliation Asset Gain Loss Statement Of Income Extensible List Not Disclosed Flag	Net realized gains	Net realized gains
Carrying value, end of period	$ 770	$ 4,247

FAIR VALUE OF ASSETS AND LIAB_7

FAIR VALUE OF ASSETS AND LIABILITIES - Quantitative Disclosures for Level 3 Fair Value Measurements (Details) $ in Thousands	Dec. 31, 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	$ 4,444	$ 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	770	4,247
Fair Value, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	3,950	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	3,950	10,648
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	4,444	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	$ 770	$ 4,247
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	$ 1,020	$ 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	$ 1,020	$ 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_8

FAIR VALUE OF ASSETS AND LIABILITIES - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial assets:
Cash and cash equivalents	$ 168,499	$ 283,956
Securities available for sale, at fair value	155,544	132,172
Other equity securities	4,444	9,232
Loans held for sale	1,047	2,400
Trading assets	8,870	1,784
Loans, net	1,567,008	1,235,456
Bank owned life insurance	29,186	22,201
Annuities	15,478	12,888
Accrued interest receivable	6,963	4,170
Restricted equity securities	3,134	2,600
Financial liabilities:
Deposits	1,720,743	1,556,451
Trading liabilities	8,882	1,843
FHLB advances	31,000	25,950
Other borrowings	(19)	12,498
Subordinated notes	86,314	0
Accrued interest payable	584	132
Fair Value, Inputs, Level 1
Financial assets:
Cash and cash equivalents	168,499	283,956
Securities available for sale, at fair value	0	0
Other equity securities	3,674	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	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	155,544	132,172
Other equity securities	0	0
Loans held for sale	1,047	2,400
Trading assets	8,870	1,784
Loans, net	1,529,646	1,237,491
Bank owned life insurance	29,186	22,201
Annuities	15,478	12,888
Accrued interest receivable	6,963	4,170
Restricted equity securities	0	0
Financial liabilities:
Deposits	1,714,249	1,507,190
Trading liabilities	8,882	1,843
FHLB advances	30,788	25,926
Other borrowings	(19)	12,498
Subordinated notes	86,314	0
Accrued interest payable	584	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	770	4,247
Loans held for sale	0	0
Trading assets	0	0
Loans, net	1,020	7,718
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities	3,134	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

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Assets:
Other assets	$ 25,886	$ 9,509
Total assets	2,045,204	1,782,592
Liabilities and stockholders’ equity:
Other borrowings	(19)	12,498
Subordinated debt	86,314	0
Other liabilities	24,863	10,363
Total liabilities	1,863,485	1,605,394
Stockholders’ equity	181,719	177,198	$ 140,656
Total liabilities and stockholders' equity	2,045,204	1,782,592
Southern States Bancshares, Inc.
Assets:
Cash	19,405	399
Investment in subsidiary	247,856	188,503
Other assets	1,529	794
Total assets	268,790	189,696
Liabilities and stockholders’ equity:
Other borrowings	(19)	12,498
Subordinated debt	86,314	0
Other liabilities	776	0
Total liabilities	87,071	12,498
Stockholders’ equity	181,719	177,198
Total liabilities and stockholders' equity	$ 268,790	$ 189,696

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income
Dividend income from equity securities	$ 136	$ 0
Total interest income	82,850	57,777
Expense
Interest expense	11,512	4,864
Income tax benefits	(7,725)	(5,732)
Net income	27,071	18,567
Southern States Bancshares, Inc.
Income
Dividend income from subsidiary	3,167	2,826
Total interest income	3,303	2,826
Expense
Interest expense	2,315	412
Other	2,258	1,054
Operating expenses	4,573	1,466
(Loss) income before income tax benefits and equity in undistributed earnings of subsidiary	(1,270)	1,360
Income tax benefits	827	294
(Loss) income before equity in undistributed earnings of subsidiary	(443)	1,654
Equity in undistributed earnings of subsidiary	27,514	16,913
Net income	$ 27,071	$ 18,567

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION - Condensed Statements of Cash Flow (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net income	$ 27,071	$ 18,567
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation	912	825
(Decrease) increase in accrued interest payable	452	(146)
Net other operating income (expenses)	5,476	2,203
Net cash provided by operating activities	38,866	29,703
INVESTING ACTIVITIES
Net cash used in investing activities	(387,161)	(260,755)
FINANCING ACTIVITIES
Net proceeds from subordinated notes	86,314
Net repayment of subordinated notes		(4,500)
Issuance of common stock	222	165
Purchase of common stock	(7,358)	0
Common stock dividends paid	(3,165)	(2,892)
Net cash provided by financing activities	232,838	430,101
Net (decrease) increase in cash and cash equivalents	(115,457)	199,049
Cash and cash equivalents at beginning of year	283,956	84,907
Cash and cash equivalents at end of year	168,499	283,956
Company
OPERATING ACTIVITIES
Net income	27,071	18,567
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed earnings of subsidiary	(27,514)	(16,913)
Stock-based compensation	912	825
(Decrease) increase in accrued interest payable	3	(27)
Net other operating income (expenses)	275	(85)
Net cash provided by operating activities	747	2,367
INVESTING ACTIVITIES
Investment in equity securities	(237)	(360)
Net cash used in investing activities	(237)	(360)
FINANCING ACTIVITIES
Net repayment of note payable	(12,517)
Net proceeds of note payable		4,500
Net proceeds from subordinated notes	86,314
Net repayment of subordinated notes		(4,500)
Issuance of common stock	222	21,123
Capital contribution to subsidiary	(45,000)	(20,000)
Common stock dividends paid	(3,165)	(2,892)
Net cash provided by financing activities	18,496	(1,769)
Net (decrease) increase in cash and cash equivalents	19,006	238
Cash and cash equivalents at beginning of year	399	161
Cash and cash equivalents at end of year	$ 19,405	$ 399

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Abstract]
Related party	$ 10,586	$ 8,678

RELATED PARTY TRANSACTIONS - Re

RELATED PARTY TRANSACTIONS - Related Party Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions [Roll Forward]
Balance, beginning of year	$ 7,323	$ 8,041
Advances	625	2,176
Repayments	(2,257)	(2,894)
Balance, end of year	$ 5,691	$ 7,323