Southern States Bancshares (SSBK) 10-Q 14 May 24 2024 Q1 Quarterly report Financial data

COVER

COVER - shares	3 Months Ended
	Mar. 31, 2024	May 13, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-40727
Entity Registrant Name	Southern States Bancshares, Inc.
Entity Incorporation, State or Country Code	AL
Entity Tax Identification Number	26-2518085
Entity Address, Address Line One	615 Quintard Ave
Entity Address, City or Town	Anniston
Entity Address, State or Province	AL
Entity Address, Postal Zip Code	36201
City Area Code	256
Local Phone Number	241-1092
Title of 12(b) Security	Common Stock, $5.00 par value per share
Trading Symbol	SSBK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		8,908,541
Entity Central Index Key	0001689731
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 20,470	$ 19,710
Interest-bearing deposits in banks	129,917	134,846
Federal funds sold	86,736	96,095
Total cash and cash equivalents	237,123	250,651
Securities available for sale, at fair value ($188,732 at amortized cost, $0 allowance for credit losses at March 31, 2024; $190,322 at amortized cost, $0 allowance for credit losses at December 31, 2023)	177,379	179,000
Securities held to maturity, at amortized cost ($16,098 at fair value, $0 allowance for credit losses at March 31, 2024; $16,233 at fair value, $0 allowance for credit losses at December 31, 2023)	19,627	19,632
Other equity securities, at fair value	3,638	3,649
Restricted equity securities, at cost	5,108	5,684
Loans held for sale	425	450
Loans, net of unearned income	1,965,149	1,884,508
Less allowance for credit losses	25,144	24,378
Loans, net	1,940,005	1,860,130
Premises and equipment, net	26,262	26,426
Accrued interest receivable	9,561	8,711
Bank owned life insurance	30,075	29,884
Annuities	15,939	15,036
Foreclosed assets	33	33
Goodwill	16,862	16,862
Core deposit intangible	817	899
Other assets	28,121	29,616
Total assets	2,510,975	2,446,663
Deposits:
Noninterest-bearing	416,704	437,959
Interest-bearing	1,693,094	1,580,230
Total deposits	2,109,798	2,018,189
Other borrowings	7,997	26,994
FHLB advances	52,000	70,000
Subordinated notes	86,776	86,679
Accrued interest payable	1,805	1,519
Other liabilities	29,718	28,318
Total liabilities	2,288,094	2,231,699
Stockholders' equity:
Preferred stock, $0.01 par value, 2,000,000 shares authorized; 0 shares issued and outstanding at March 31, 2024 and December 31, 2023	0	0
Common stock, $5 par value, 30,000,000 shares authorized; 8,894,794 and 8,841,349 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	44,746	44,479
Capital surplus	79,282	78,361
Retained earnings	109,838	102,523
Accumulated other comprehensive loss	(8,401)	(8,379)
Unvested restricted stock	(1,030)	(466)
Vested restricted stock units	(1,554)	(1,554)
Total stockholders' equity	222,881	214,964
Total liabilities and stockholders' equity	$ 2,510,975	$ 2,446,663

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Securities available for sale, amortized cost	$ 188,732	$ 190,322
Securities available for sale, allowance for credit losses	0	0
Securities held to maturity, fair value	16,098	16,233
Securities held to maturity, allowance for credit Loss	$ 0	$ 0
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)	8,894,794	8,841,349
Common stock issued (in shares)	8,894,794	8,841,349

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 33,628	$ 25,335
Taxable securities	1,981	1,383
Nontaxable securities	229	291
Other interest and dividends	2,898	1,690
Total interest income	38,736	28,699
Interest expense:
Deposits	15,906	7,768
Other borrowings	1,991	1,385
Total interest expense	17,897	9,153
Net interest income	20,839	19,546
Provision for credit losses	1,236	1,181
Net interest income after provision for credit losses	19,603	18,365
Noninterest income:
Service charges on deposit accounts	$ 463	$ 450
Revenue, Product and Service [Extensible Enumeration]	Deposit Account [Member]	Deposit Account [Member]
Swap fees (expense)	$ 15	$ (4)
SBA/USDA fees	64	134
Mortgage origination fees	96	100
Net (loss) gain on securities	(12)	514
Other operating income	642	592
Total noninterest income	1,268	1,786
Noninterest expenses:
Salaries and employee benefits	6,231	6,311
Equipment and occupancy expenses	689	683
Data processing fees	643	593
Regulatory assessments	360	342
Other operating expenses	2,452	2,229
Total noninterest expenses	10,375	10,158
Income before income taxes	10,496	9,993
Income tax expense	2,377	2,322
Net Income	$ 8,119	$ 7,671
Basic earnings per share (in dollars per share)	$ 0.91	$ 0.87
Dilutive earnings per share (in dollars per share)	$ 0.90	$ 0.85

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net Income	$ 8,119	$ 7,671
Other comprehensive (loss) income:
Unrealized holding gains (losses) on securities available for sale arising during the period, net of (tax) benefit	(22)	1,193
Reclassification adjustment for losses on securities available for sale realized in net income, net of benefit	0	9
Other comprehensive (loss) income	(22)	1,202
Comprehensive income	$ 8,097	$ 8,873

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Unrealized holding gains (losses) on securities available for sale arising during the period, net of tax (benefit)	$ 8	$ (419)
Reclassification adjustment for losses on securities available for sale realized in net income, net of benefit	$ 0	$ 3

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (UNAUDITED) - 3 months ended Mar. 31, 2024 - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Capital Surplus	Retained Earnings	Accumulated Other Comprehensive Loss	Unvested Restricted Stock	Vested Restricted Stock Units
Beginning balance (in shares) at Dec. 31, 2023		0	8,841,349
Beginning balance at Dec. 31, 2023	$ 214,964	$ 0	$ 44,479	$ 78,361	$ 102,523	$ (8,379)	$ (466)	$ (1,554)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	8,119				8,119
Issuance of common stock (in shares)			1,237
Issuance of common stock	31		$ 6	25
Exercise of common stock options (in shares)			25,771
Exercise of common stock options	354		$ 129	225
Issuance of restricted stock (in shares)			26,812
Issuance of restricted stock	0		$ 134	574			(708)
Forfeiture of restricted stock (in shares)			(375)
Forfeiture of restricted stock	0		$ (2)	(6)			8
Stock-based compensation	239			103			136
Common stock dividends	(804)				(804)
Other comprehensive loss	(22)					(22)
Ending balance (in shares) at Mar. 31, 2024		0	8,894,794
Ending balance at Mar. 31, 2024	$ 222,881	$ 0	$ 44,746	$ 79,282	$ 109,838	$ (8,401)	$ (1,030)	$ (1,554)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OPERATING ACTIVITIES
Net Income	$ 8,119	$ 7,671
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and software amortization	298	294
Net loss on securities available for sale	0	12
Net loss (gain) on other equity securities	12	(526)
Net amortization of securities	141	195
Amortization of core deposit intangible	82	82
Provision for credit losses	1,236	1,181
Deferred income taxes	7	24
Stock-based compensation	239	239
Net decrease (increase) in loans held for sale	25	(1,329)
Income from bank owned life insurance	(191)	(164)
Increase in interest receivable	(850)	(114)
Increase in interest payable	286	260
Net other operating activities	1,992	1,114
Net cash provided by operating activities	11,396	8,939
INVESTING ACTIVITIES
Purchase of securities available for sale	(6,515)	(19,234)
Proceeds from sale of securities available for sale	1,281	10,532
Proceeds from sale of other equity securities	0	703
Proceeds from maturities, calls, and paydowns of securities available for sale	6,689	2,108
Net redemption (purchase) of restricted equity securities	576	(728)
Net increase in loans	(81,111)	(59,633)
Purchase of premises, equipment and software	(134)	(47)
Net cash used in investing activities	(79,214)	(66,299)
FINANCING ACTIVITIES
Net increase in deposits	91,609	68,748
Proceeds from issuance of common stock	385	200
Repurchase of common stock	0	(575)
Net (repayment) proceeds of FHLB advances	(18,000)
Net (repayment) proceeds of FHLB advances		14,000
Net (repayment) proceeds of other borrowings	(18,997)
Net (repayment) proceeds of other borrowings		3
Net proceeds of subordinated notes	97	74
Common stock dividends paid	(804)	(793)
Net cash provided by financing activities	54,290	81,657
Net (decrease) increase in cash and cash equivalents	(13,528)	24,297
Cash and cash equivalents at beginning of year	250,651	168,499
Cash and cash equivalents at end of period	237,123	192,796
Cash paid during the year for:
Interest	17,611	8,894
Income taxes	$ 11	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business Southern States Bancshares, Inc. (the “Company”) is a bank holding company whose principal activity is the ownership and management of its wholly-owned subsidiary, Southern States Bank (the “Bank”). The Bank is a commercial bank headquartered in Anniston, Calhoun County, Alabama. The Bank also operates branch offices in Birmingham, Opelika, Auburn, Huntsville, Sylacauga, Wedowee, and Roanoke, Alabama as well as Columbus, Carrollton, Dallas, and Newnan, Georgia. The Bank also has two loan production offices (LPO) located in Atlanta, Georgia. The Bank provides a full range of banking services in its primary market areas and the surrounding areas. Basis of Presentation and Accounting Estimates The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. Significant intercompany transactions and balances have been eliminated in consolidation. In preparing the unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of foreclosed assets, financial instruments, deferred taxes and investment 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 credit 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 is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank. On March 15, 2020, the Federal Reserve System Board announced an interim final rule amending Regulation D to lower all transaction account reserve requirement ratios to zero percent, thereby eliminating all reserve requirements as of March 31, 2024 and December 31, 2023. Securities The Company classifies its debt 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. Management uses a systematic methodology to determine its allowance for credit losses for held to maturity debt securities. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held to maturity portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The Company’s estimate of its allowance for credit losses involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. Management monitors the held to maturity portfolio to determine whether a valuation account would need to be recorded. As of March 31, 2024 , the Company ha d $19,627 of hel d to maturity securities and no related valuation account. For available for sale debt securities in an unrealized loss position, the Company will first assess whether (i) it intends to sell or (ii) it is more likely than not that it will be required to sell the debt security before recovery of its amortized cost basis. If either case is applicable, any previously recognized allowances are charged off and the debt security’s amortized cost is written down to fair value through income. If neither case is applicable, the debt security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the debt security by a rating agency and any adverse conditions specifically related to the debt security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the debt security are compared to the amortized cost basis of the debt security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount by which the fair value is less than the amortized cost basis. Any impairment that has not been recorded through allowance for credit losses is recognized in other comprehensive income (loss), net of tax. Adjustments to the allowance are reported in the income statement as a component of credit loss expense. Available for sale debt securities are charged off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by the Company or when either of the aforementioned criteria regarding intent or requirement to sell is met. The Company excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on debt securities and does not record an allowance for credit losses on accrued interest receivable. The accrued interest receivable March 31, 2024 and December 31, 2023, respectively. 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 credit 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. Allowance for Credit Losses As described below under Recent Accounting Pronouncements, the Company adopted Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (CECL) effective January 1, 2023. The allowance for credit losses is based on the Company’s evaluation of the loan portfolios, past loan loss experience, current asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay (including the timing of future payment), the estimated value of any underlying collateral, composition of the loan portfolio, economic conditions, industry and peer bank loan quality indications and other pertinent factors, including regulatory recommendations. The process is inherently subjective and subject to significant change as it requires material estimates. The allowance is increased by a provision for credit losses, which is charged to expense, and reduced by charge offs, net of recoveries. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for credit losses. Such agencies may require the Company to recognize adjustments to the allowance based on their judgments about information available to them at the time of their examination. Loans with similar risk characteristics are evaluated in pools and, depending on the nature of each identified pool, the Company utilizes a discounted cash flow, probability of default / loss given default, or remaining life method. The historical loss experience estimate by pool is then adjusted by forecast factors that are quantitatively related to the Company’s historical credit loss experience, such as national unemployment rates and gross domestic product. Losses are predicted over a period of time determined to be reasonable and supportable, and at the end of the reasonable and supportable period losses are reverted to long term historical averages. The reasonable and supportable period and reversion period are re-evaluated each quarter by the Company and are dependent on the current economic environment among other factors. The estimated credit losses for each loan pool are then adjusted for changes in qualitative factors not inherently considered in the quantitative analyses. The qualitative adjustments either increase or decrease the quantitative model estimation. The Company considers factors that are relevant within the qualitative framework which include the following: changes in lending policies and quality of loan reviews, changes in nature and volume of loans, changes in volume and trends of problem loans, changes in concentration risk, trends in underlying collateral values, changes in competition, legal and regulatory environment and changes in economic conditions. Allowance for Credit Losses (Continued) Credit losses for loans that no longer share similar risk characteristics with the collectively evaluated pools are excluded from the collective evaluation and estimated on an individual basis. Specific allowances are estimated based on one of several methods, including the estimated fair value of the underlying collateral, observable market value of similar debt or the present value of expected cash flows. The Company measures expected credit losses over the contractual term of a loan, adjusted for estimated prepayments. The contractual term excludes expected extensions, renewals and modifications unless there is a reasonable expectation th at a loan modification will be executed. Credit losses are estimated on the amortized cost basis of loans. Accrued interest receivable on loans is excluded from the estimate of credit losses. The accrued interest receivable March 31, 2024 and December 31, 2023, respectively. Off-Balance Sheet Credit Exposure The Company also has off-balance sheet financial instruments, which include unfunded credit commitments and letters of credit. The Company minimizes these risks through underwriting guidelines and prudent risk management techniques. For off-balance sheet instruments, the allowance for credit losses is calculated in accordance with Topic 326, representing expected credit losses over the contractual period for which the Company is exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if the Company has the unconditional right to cancel the obligation. The allowance is reported as a component of other liabilities within the consolidated balance sheets. Adjustments to the allowance for credit losses for unfunded commitments are reported in the income statement as a component of other operating expense. The allowance for credit losses on off-balance sheet financial instruments was $1,288 and $1,239 at March 31, 2024 and December 31, 2023, respectively. Modifications to Borrowers Experiencing Financial Difficulty The Company periodically provides modifications to borrowers experiencing financial difficulty. These modifications include either payment deferrals, term extensions, interest rate reductions, principal forgiveness or combinations of modification types. The determination of whether the borrower is experiencing financial difficulty is made on the date of the modification. When principal forgiveness is provided, the amount of principal forgiveness is charged off against the allowance for credit losses with a corresponding reduction in the amortized cost basis of the loan. A modified loan is tracked for at least 12 months following the modifications granted. Premises and Equipment Land is carried at cost. Premises and equipment are carried at cost less accumulated depreciation computed on the straight-line method over the estimated useful lives of the assets or the expected terms of the leases, if shorter. Expected terms include lease option periods to the extent that the exercise of such options is reasonably assured. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are reflected in income. The estimated useful lives are as follows: Years Buildings 10-39 Furniture and equipment 3-7 Transfers of Financial Assets Transfers of financial assets are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company - put presumptively beyond the reach of the transferor and its creditors, even in bankruptcy or other receivership, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity or the ability to unilaterally cause the holder to return specific assets. Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling costs. Any write-down to fair value at the time of transfer to foreclosed assets is charged to the allowance for credit 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 existed at March 31, 2024. 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 March 2024. The qualitative factors considered in determining if fair value of the unit was less than the carrying amount were economic conditions related to 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 March 31, 2024 and based on that evaluation there was no impairment. Accounting Policy for Derivative Instruments and Hedging Activities Financial Accounting Standards Board (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. Accounting Policy for Derivative Instruments and Hedging Activities (Continued) As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance in ASU 2011-04, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio. Income Taxes Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets may be reduced by deferred tax liabilities and a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Management believes that the Company will generate sufficient operating earnings to realize the deferred tax benefits. Stock Compensation Plans Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options and warrants, restricted stock plans, performance-based awards, share appreciation rights, and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the estimated market price of the Company’s common stock at the date of grant is used for restricted stock awards, restricted stock units and stock grants. Comprehensive Income (Loss) 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 (loss). Fair Value of Financial Instruments Fair values of financial instruments are estimates using relevant market information and other assumptions, as more fully disclose d in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates. Revenue Recognition On January 1, 2019, the Company adopted ASC 606 and all subsequent amendments (collectively ASC 606) which (1) creates a single framework for recognizing revenue from contracts with customers that fall within its scope and (2) revises when it is appropriate to recognize a gain (loss) from the transfer of nonfinancial assets, such as foreclosed assets. The majority of the Company’s revenues come from interest income and other sources, including loans and securities that are outside the scope of ASC 606. With the exception of gains/losses on sale of foreclosed assets, the Company’s services that fall within the scope of ASC 606 are presented within noninterest income and are recognized as revenue as the Company satisfies its obligations to the customer. Services within the scope of ASC 606 reported in noninterest income include service charges on deposit accounts, bank card services and interchange fees, and ATM fees. Recent Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures”, this standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross charge offs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty. The Company adopted these standards as required on January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2024
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 Three Months Ended 2024 2023 Basic Earnings Per Share: Net Income $ 8,119 $ 7,671 Weighted average common shares outstanding 8,913,477 8,762,450 Basic earnings per share $ 0.91 $ 0.87 Diluted Earnings Per Share: Net income allocated to common shareholders $ 8,111 $ 7,664 Weighted average common shares outstanding 8,913,477 8,762,450 Net dilutive effect of: Assumed exercises of stock optio ns and vesting of restricted stock units 129,645 282,040 Average shares and dilutive potential common shares 9,043,122 9,044,490 Dilutive earnings per share $ 0.90 $ 0.85

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
SECURITIES	SECURITIES The amortized cost and fair value of securities at March 31, 2024 and December 31, 2023 are summarized as follows: Amortized Gross Gross Fair Value March 31, 2024 Securities Available for Sale U.S. Treasury securities $ 9,710 $ — $ (1,022) $ 8,688 U.S. Government Sponsored Enterprises (GSEs) 2,364 26 (209) 2,181 State and municipal securities 45,051 14 (4,579) 40,486 Corporate debt securities 12,515 — (1,184) 11,331 Asset based securities 17,952 119 (456) 17,615 Mortgage-backed GSE residential/multifamily and non-GSE 101,140 163 (4,225) 97,078 Total securities available for sale $ 188,732 $ 322 $ (11,675) $ 177,379 Securities Held to Maturity State and municipal securities 19,627 — (3,529) 16,098 Total securities held to maturity $ 19,627 $ — $ (3,529) $ 16,098 Total securities $ 208,359 $ 322 $ (15,204) $ 193,477 Amortized Gross Gross Fair Value December 31, 2023 Securities Available for Sale U.S. Treasury securities $ 9,721 $ — $ (949) $ 8,772 U.S. Government Sponsored Enterprises (GSEs) 2,446 37 (215) 2,268 State and municipal securities 45,220 21 (4,172) 41,069 Corporate debt securities 12,517 — (1,258) 11,259 Asset based securities 19,112 54 (479) 18,687 Mortgage-backed GSE residential/multifamily and non-GSE 101,306 164 (4,525) 96,945 Total securities available for sale $ 190,322 $ 276 $ (11,598) $ 179,000 Securities Held to Maturity State and municipal securities 19,632 — (3,399) 16,233 Total securities held to maturity $ 19,632 $ — $ (3,399) $ 16,233 Total securities $ 209,954 $ 276 $ (14,997) $ 195,233 Securities with a carrying value of $28,884 and $27,477 at March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023 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: March 31, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value Securities Available for Sale Due in less than one year $ 2,478 $ 2,417 $ 482 $ 476 Due from one year to five years 10,569 9,640 11,671 10,855 Due after five to ten years 21,693 19,524 22,537 20,439 Due after ten years 52,852 48,720 54,326 50,285 Mortgage-backed securities 101,140 97,078 101,306 96,945 Total securities available for sale $ 188,732 $ 177,379 $ 190,322 $ 179,000 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 10,279 8,500 7,743 6,483 Due after ten years 9,348 7,598 11,889 9,750 Mortgage-backed securities — — — — Total securities held to maturity $ 19,627 $ 16,098 $ 19,632 $ 16,233 Total securities $ 208,359 $ 193,477 $ 209,954 $ 195,233 Gains and losses on sales and change in value of securities available for sale and other equity securities held at fair value for the three months ended March 31, 2024 and March 31, 2023 consist of the following: For the Three Months Ended March 31, 2024 March 31, 2023 Gross gains $ — $ 662 Gross losses (12) (148) Net realized gain (loss) $ (12) $ 514 Restricted equity securities as of March 31, 2024 and December 31, 2023 consist of the following: March 31, 2024 December 31, 2023 Federal Home Loan Bank stock $ 4,183 $ 4,759 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 5,108 $ 5,684 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 March 31, 2024 and December 31, 2023. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total March 31, 2024 Securities Available for Sale U.S. Treasury securities $ — $ — $ (1,022) $ 8,688 $ (1,022) U.S. Government Sponsored Enterprises (GSEs) — — (209) 1,396 (209) State and municipal securities — — (4,579) 40,222 (4,579) Corporate debt securities — — (1,184) 11,331 (1,184) Asset based securities (3) 910 (453) 4,884 (456) Mortgage-backed GSE residential/multifamily and non-GSE (160) 21,052 (4,065) 57,766 (4,225) Total securities available for sale $ (163) $ 21,962 $ (11,512) $ 124,287 $ (11,675) Securities Held to Maturity State and municipal securities — — (3,529) 16,098 (3,529) Total securities held to maturity $ — $ — $ (3,529) $ 16,098 $ (3,529) Total securities $ (163) $ 21,962 $ (15,041) $ 140,385 $ (15,204) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2023 Securities Available for Sale U.S. Treasury securities $ — $ — $ (949) $ 8,772 $ (949) U.S. Government Sponsored Enterprises (GSEs) — — (215) 1,451 (215) State and municipal securities — — (4,172) 40,663 (4,172) Corporate debt securities — — (1,258) 11,259 (1,258) Asset based securities (11) 1,102 (468) 6,904 (479) Mortgage-backed GSE residential/multifamily and non-GSE (268) 24,708 (4,257) 56,083 (4,525) Total securities available for sale $ (279) $ 25,810 $ (11,319) $ 125,132 $ (11,598) Securities Held to Maturity State and municipal securities — — (3,399) 16,233 (3,399) Total securities held to maturity $ — $ — $ (3,399) $ 16,233 $ (3,399) Total securities $ (279) $ 25,810 $ (14,718) $ 141,365 $ (14,997) The unrealized losses on 226 securities at March 31, 2024 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 credit impaired at March 31, 2024. At March 31, 2024, no allowance for credit losses has been recognized on available for sale debt securities in an unrealized loss position as the Company does not believe any of the debt securities are credit impaired. This is based on the Company’s analysis of the risk characteristics, including credit ratings, and other qualitative factors related to available for sale debt securities. The issuers of these debt securities continue to make timely principal and interest payments under the contractual terms of the securities. The Company does not intend to sell these debt securities and it is more likely than not that the Company will not be required to sell the debt securities before recovery of their amortized cost, which may be at maturity. The unrealized losses are due to increases in market interest rates over the yields available at the time the debt securities were purchased. Management measures expected credit losses on held to maturity securities on a collective basis by major security type with each type sharing similar risk characteristics and considers historical credit loss information that is adjusted for current conditions and reasonable and supportable forecasts. With regard to securities issued by states and political subdivisions, management considers (i) issuer bond ratings, (ii) historical loss rates for given bond ratings, (iii) whether issuers continue to make timely principal and interest payments under the contractual terms of the securities, and (iv) internal forecasts. Historical loss rates associated with securities having similar grades as those in our portfolio have generally not been significant. Furthermore, as of March 31, 2024, there were no past due principal or interest payments associated with these securities. Based upon (i) the issuer’s strong bond ratings and (ii) a zero historical loss rate, no allowance for credit losses has been recorded for held to maturity state and municipal securities as such amount is not material at March 31, 2024. All debt securities in an unrealized loss position as of March 31, 2024 continue to perform as scheduled and the Company does not believe there is a possible credit loss or that an allowance for credit loss on these debt securities is necessary.

LOANS

LOANS	3 Months Ended
	Mar. 31, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
LOANS	LOANS Portfolio Segments and Classes The composition of loans, excluding loans held for sale, is summarized as follows: March 31, 2024 December 31, 2023 Amount % of Amount % of Real estate mortgages: Construction and development $ 252,934 12.8% $ 242,960 12.9% Residential 238,702 12.1% 224,603 11.9% Commercial 1,182,634 60.0% 1,144,867 60.5% Commercial and industrial 288,701 14.7% 269,961 14.3% Consumer and other 8,425 0.4% 8,286 0.4% Gross Loans 1,971,396 100.0% 1,890,677 100.0% Deferred loan fees (6,247) (6,169) Allowance for credit losses (25,144) (24,378) Loans, net $ 1,940,005 $ 1,860,130 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. The following describe risk characteristics relevant to each of the portfolio segments and classes: Real estate - As discussed below, the Company offers various types of real estate loan products. All loans within this portfolio segment are particularly sensitive to the valuation of real estate: • Loans for real estate construction and development are repaid through cash flow related to the operations, sale or refinance of the underlying property. This portfolio class includes extensions of credit to real estate developers or investors where repayment is dependent on the sale of the real estate or income generated from the real estate collateral. • Residential mortgages include 1-4 family first mortgage loans which are repaid by various means such as a borrower’s income, sale of the property, or rental income derived from the property. Also included in residential mortgages are real estate loans secured by farmland, second liens, or open end real estate loans, such as home equity lines. These loans are typically repaid in the same means as 1-4 family first mortgages. • 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. Portfolio Segments and Classes (Continued) Consumer and other - The consumer loan portfolio segment includes direct consumer installment loans, overdrafts and other revolving credit loans. Loans in this portfolio are sensitive to unemployment and other key consumer economic measures which affects borrowers’ incomes and cash for repayment. Credit Risk Management The Chief Credit Officer, Officers Loan Committee and Directors Loan Committee are each involved in the credit risk management process and assess the accuracy of risk ratings, the quality of the portfolio and the estimation of inherent credit losses in the loan portfolio. This comprehensive process also assists in the prompt identification of problem credits. The Company has taken a number of measures to manage the portfolios and reduce risk, particularly in the more problematic portfolios. The Company employs a credit risk management process with defined policies, accountability and routine reporting to manage credit risk in the loan portfolio segments. Credit risk management is guided by a comprehensive Loan Policy that provides for a consistent and prudent approach to underwriting and approvals of credits. Within the Board approved Loan Policy, procedures exist that elevate the approval requirements as credits become larger and more complex. All loans are individually underwritten, risk-rated, approved, and monitored. Responsibility and accountability for adherence to underwriting policies and accurate risk ratings lies in each portfolio segment. For the consumer portfolio segment, the risk management process focuses on managing customers who become delinquent in their payments. For the commercial and real estate portfolio segments, the risk management process focuses on underwriting new business and, on an ongoing basis, monitoring the credit of the portfolios. To ensure problem credits are identified on a timely basis, several specific portfolio reviews occur each year to assess the larger adversely rated credits for proper risk rating and accrual status. Credit quality and trends in the loan portfolio segments are measured and monitored regularly. Detailed reports, by product, collateral, accrual status, etc., are reviewed by the Chief Credit Officer and reported to the Board of Directors. A description of the general characteristics of the risk categories used by the Company is as follows: • Pass - A pass loan is a strong credit with no existing or known potential weaknesses deserving of management’s close attention. • Special Mention - A loan that has potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution's credit position at some future date. These loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. • 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. Credit Risk Management (Continued) The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of March 31, 2024: 2024 2023 2022 2021 2020 Prior Revolving Loans Total Real Estate Mortgages: Construction and development Pass $ 13,948 $ 52,983 $ 140,428 $ 26,016 $ 1,735 $ 6,875 $ 6,530 $ 248,515 Special Mention — — — — — 4,419 — 4,419 Substandard — — — — — — — — Doubtful — — — — — — — — Total 13,948 52,983 140,428 26,016 1,735 11,294 6,530 252,934 Current period gross write-off — — — — — — — — Residential Pass 15,864 50,403 56,688 21,604 41,520 18,535 33,602 238,216 Special Mention — 81 — — — — 53 134 Substandard — — 114 — — 184 54 352 Doubtful — — — — — — — — Total 15,864 50,484 56,802 21,604 41,520 18,719 33,709 238,702 Current period gross write-off — — — — — 11 — 11 Commercial Pass 31,761 231,255 331,937 268,060 97,495 184,663 15,218 1,160,389 Special Mention 124 — 102 1,172 2,597 1,708 330 6,033 Substandard — 658 578 7,803 — 7,173 — 16,212 Doubtful — — — — — — — — Total 31,885 231,913 332,617 277,035 100,092 193,544 15,548 1,182,634 Current period gross write-off — — — 27 — — — 27 Commercial and industrial Pass 16,856 68,317 49,159 18,633 19,455 11,138 94,811 278,369 Special Mention 736 43 — 329 2,632 158 4,089 7,987 Substandard 9 47 768 15 — 210 1,296 2,345 Doubtful — — — — — — — — Total 17,601 68,407 49,927 18,977 22,087 11,506 100,196 288,701 Current period gross write-off — — 442 — — — — 442 Consumer and other Pass 1,445 1,809 952 173 58 1,286 2,695 8,418 Special Mention — — — — — — — — Substandard — — — 7 — — — 7 Doubtful — — — — — — — — Total 1,445 1,809 952 180 58 1,286 2,695 8,425 Current period gross write-off — 15 — — — — — 15 Gross Loans Pass 79,874 404,767 579,164 334,486 160,263 222,497 152,856 1,933,907 Special Mention 860 124 102 1,501 5,229 6,285 4,472 18,573 Substandard 9 705 1,460 7,825 — 7,567 1,350 18,916 Doubtful — — — — — — — — Total $ 80,743 $ 405,596 $ 580,726 $ 343,812 $ 165,492 $ 236,349 $ 158,678 $ 1,971,396 Current period gross write-off $ — $ 15 $ 442 $ 27 $ — $ 11 $ — $ 495 Credit Risk Management (Continued) The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of December 31, 2023: 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate Mortgages: Construction and development Pass $ 48,141 $ 139,291 $ 39,679 $ 1,721 $ 1,969 $ 5,214 $ 2,516 $ 238,531 Special Mention — — — — — 4,429 — 4,429 Substandard — — — — — — — — Doubtful — — — — — — — — Total 48,141 139,291 39,679 1,721 1,969 9,643 2,516 242,960 Current period gross write-off — — — — — — 3 3 Residential Pass 51,135 54,610 23,808 42,071 6,496 12,883 33,132 224,135 Special Mention 81 — — — — — — 81 Substandard — 118 — — 153 62 54 387 Doubtful — — — — — — — — Total 51,216 54,728 23,808 42,071 6,649 12,945 33,186 224,603 Current period gross write-off — — — — — — — — Commercial Pass 232,834 328,006 256,007 99,067 63,906 125,007 14,685 1,119,512 Special Mention — 350 2,840 2,623 414 4,490 — 10,717 Substandard 660 432 7,811 — — 5,735 — 14,638 Doubtful — — — — — — — — Total 233,494 328,788 266,658 101,690 64,320 135,232 14,685 1,144,867 Current period gross write-off — — — — — — — — Commercial and industrial Pass 68,482 51,368 20,626 21,390 4,758 7,257 88,074 261,955 Special Mention 126 — — 2,711 172 — 1,873 4,882 Substandard — 1,210 20 — 219 — 1,675 3,124 Doubtful — — — — — — — — Total 68,608 52,578 20,646 24,101 5,149 7,257 91,622 269,961 Current period gross write-off 424 51 167 44 — — — 686 Consumer and other Pass 2,291 1,111 292 149 316 1,275 2,852 8,286 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 2,291 1,111 292 149 316 1,275 2,852 8,286 Current period gross write-off — 6 2 — — — — 8 Gross Loans Pass 402,883 574,386 340,412 164,398 77,445 151,636 141,259 1,852,419 Special Mention 207 350 2,840 5,334 586 8,919 1,873 20,109 Substandard 660 1,760 7,831 — 372 5,797 1,729 18,149 Doubtful — — — — — — — — Total $ 403,750 $ 576,496 $ 351,083 $ 169,732 $ 78,403 $ 166,352 $ 144,861 $ 1,890,677 Current period gross write-off $ 424 $ 57 $ 169 $ 44 $ — $ — $ 3 $ 697 Credit Risk Management (Continued) Collateral Dependent Loans The Company classifies a loan as collateral dependent when the borrower is experiencing financial difficulty, and expected repayment is to be provided substantially through the operation or sale of collateral . The following tables summarize collateral dependent loans, which are individually evaluated to determine expected credit losses, as of March 31, 2024 and December 31, 2023: Real Estate Other Total ACL As of March 31, 2024 Real estate mortgages: Construction and development $ 205 $ — $ 205 $ 29 Residential 967 — 967 67 Commercial 17,093 — 17,093 769 Commercial and industrial — 2,352 2,352 404 Consumer and other — 17 17 — Total $ 18,265 $ 2,369 $ 20,634 $ 1,269 Real Estate Other Total ACL As of December 31, 2023 Real estate mortgages: Construction and development $ 210 $ — $ 210 $ 31 Residential 980 — 980 72 Commercial 15,514 — 15,514 162 Commercial and industrial — 3,131 3,131 1,100 Consumer and other — 11 11 1 Total $ 16,704 $ 3,142 $ 19,846 $ 1,366 Past Due Loans A loan is considered past due if any required principal and interest payments have not been received as of the date such payments were required to be made under the terms of the loan agreement. Generally, management places a loan on nonaccrual when there is a clear indication that the borrower’s cash flow may not be sufficient to meet payments as they become due, which is generally when a loan is 90 days past due. The following tables present the aging of the recorded investment in loans and leases as of March 31, 2024 and December 31, 2023: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual with ACL Nonaccrual without ACL Total As of March 31, 2024 Real estate mortgages: Construction and development $ 252,934 $ — $ — $ — $ — $ — $ — $ 252,934 Residential 237,530 773 153 — 926 23 223 238,702 Commercial 1,179,342 827 43 — 870 2,024 398 1,182,634 Commercial and industrial 287,690 191 42 — 233 778 — 288,701 Consumer and other 8,425 — — — — — — 8,425 Total $ 1,965,921 $ 1,791 $ 238 $ — $ 2,029 $ 2,825 $ 621 $ 1,971,396 As of December 31, 2023 Real estate mortgages: Construction and development $ 242,315 $ 591 $ 54 $ — $ 645 $ — $ — $ 242,960 Residential 223,195 1,106 — 51 1,157 23 228 224,603 Commercial 1,140,587 3,245 160 109 3,514 324 442 1,144,867 Commercial and industrial 269,598 265 98 — 363 — — 269,961 Consumer and other 8,259 17 10 — 27 — — 8,286 Total $ 1,883,954 $ 5,224 $ 322 $ 160 $ 5,706 $ 347 $ 670 $ 1,890,677 The Company recognized $49 and $11 of interest income on nonaccrual loans during the three months ended March 31, 2024, and March 31, 2023, respectively. Allowance for Credit Losses The following tables detail activity in the allowance for credit losses by portfolio segment as of March 31, 2024 and March 31, 2023. As described in Note 1, the Company adopted ASU 2016-13 on January 1, 2023, which replaced the existing incurred loss methodology with an expected credit loss methodology (referred to as CECL). Under the incurred loss methodology, reserves for credit losses were recognized only when the losses were probable or had been incurred; under CECL, the Company is required to recognize the full amount of expected credit losses for the lifetime of the loan, based on historical experience, current conditions and reasonable and supportable forecasts. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. We maintain an allowance for credit losses on unfunded loan commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance for credit losses is computed using a methodology similar to that used to determine the allowance for credit losses for loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the consolidated balance sheet within other liabilities, wh ile corresponding provision for these credit losses is recorded as a component of other operating expense. The allowance for credit losses on unfunded commitments as the result of the adoption of ASC 326 was $1,285. At March 31, 2024 , $ 1,288 in allowance for credit losses on unfunded commitments was included in other liabilities on the consolidated balance sheets. Real Estate Commercial Consumer Total Allowance for credit losses: Balance at December 31, 2023 $ 19,826 $ 4,466 $ 86 $ 24,378 Provision (credit) for credit losses 1,173 48 15 1,236 Loans charged off (38) (442) (15) (495) Recoveries of loans previously charged off 8 16 1 25 Ending balance at March 31, 2024 $ 20,969 $ 4,088 $ 87 $ 25,144 Real Estate Commercial Consumer Total Allowance for credit losses: Balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Impact of adoption of ASC 326 (1,164) (120) (1) (1,285) Provision (credit) for credit losses 2,348 (1,208) 41 1,181 Loans charged off — (218) (6) (224) Recoveries of loans previously charged off 11 14 2 27 Ending balance at March 31, 2023 $ 15,638 $ 4,110 $ 107 $ 19,855 Modifications to Borrowers Experiencing Financial Difficulty On January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.” This standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross charge offs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty. From time to time, we may modify certain loans to borrowers who are experiencing financial difficulty. In some cases, these modifications may result in new loans. Loan modifications to borrowers experiencing financial difficulty may be in the form of a principal forgiveness, an interest rate reduction, a payment delay, a term extension, or a combination thereof, among other things. The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2024. Three Months Ended March 31, 2024 Term Extension Term Extension and Rate Adjustment Total Percentage of Total Loans Real estate mortgages: Construction and development $ — $ — $ — — % Residential — — — — % Commercial — — — — % Commercial and industrial — — — — % Consumer and other — — — — % Total $ — $ — $ — — % The Company had no modified loans during the three months ended March 31, 2024 that subsequently defaulted. For purposes of this disclosure, the term default is defined as the earlier of being placed on nonaccrual s tatus or reaching 90 days past due and still accruing with respect to principle and/or interest payments. The Company has no unfunded commitments to borrowers experiencing financial difficulty for which the Company has modified their loans as of March 31, 2024. The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the year ended December 31, 2023. Modifications to Borrowers Experiencing Financial Difficulty (Continued) Year Ended December 31, 2023 Term Extension Term Extension and Rate Adjustment Total Percentage of Total Loans Real estate mortgages: Construction and development $ 89 $ 117 $ 206 — % Residential — — — — % Commercial — — — — % Commercial and industrial — — — — % Consumer and other — — — — % Total $ 89 $ 117 $ 206 — % The Company had no modified loans during the year ended December 31, 2023 that subsequently defaulted. For purposes of this disclosure, the term default is defined as the earlier of being placed on nonaccrual s tatus or reaching 90 days past due and still accruing with respect to principle and/or interest payments. The Company has no unfunded commitments to borrowers experiencing financial difficulty for which the Company has modified their loans as of December 31, 2023.

DEPOSITS

DEPOSITS	3 Months Ended
	Mar. 31, 2024
Banking and Thrift, Interest [Abstract]
DEPOSITS	DEPOSITS Major classifications of deposits are as follows: March 31, December 31, Noninterest-bearing transaction $ 416,704 $ 437,959 Interest-bearing transaction 974,079 946,347 Savings 33,909 35,412 Time deposits, $250,000 and under 584,658 500,406 Time deposits, over $250,000 100,448 98,065 $ 2,109,798 $ 2,018,189 Brokered deposits totaled $291,017 at March 31, 2024 and $230,858 at December 31, 2023. The scheduled maturities of time deposits at March 31, 2024 are as follows: April 1, 2024 to March 31, 2025 $ 551,759 April 1, 2025 to March 31, 2026 85,262 April 1, 2026 to March 31, 2027 28,330 April 1, 2027 to March 31, 2028 16,368 April 1, 2028 to March 31, 2029 3,360 Thereafter 27 $ 685,106 At March 31, 2024 and December 31, 2023, overdrawn transaction accounts reclassified to loans totaled $254 and $174, respectively.

SUBORDINATED NOTES

SUBORDINATED NOTES	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
SUBORDINATED 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 3.5% 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 March 31, 2024, the remaining balance of the debt issuance cost was $627. 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	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024 and December 31, 2023. As of March 31, 2024, the Company has posted cash collateral of $7,360. The amount of gain recognized in income on derivatives as a fair value adjustment and fee income, for the three months ended March 31, 2024, were $15 and $0, respectively. March 31, 2024 December 31, 2023 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 105,636 Other Assets $ 7,810 Interest Rate Products $ 104,180 Other Assets $ 7,691 Interest Rate Products 105,636 Other Liabilities (7,830) Interest Rate Products 104,180 Other Liabilities (7,726) 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 March 31, 2024, 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 $7,984. If the Company had breached any of these provisions at March 31, 2024, it could have been required to settle its obligations under the agreements at their termination value of $7,984, less the required collateral of $7,360.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Loan Commitments The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit risk and interest rate risk in excess of the amount recognized in the balance sheets. The majority of all commitments to extend credit and standby letters of credit are variable rate instruments. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments as it does for on-balance sheet instruments. A summary of the Company’s commitments is as follows: March 31, December 31, Commitments to extend credit $ 422,436 $ 501,935 Standby letters of credit 4,728 2,846 Total $ 427,164 $ 504,781 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 three months ended March 31, 2024 and March 31, 2023. Contingencies In the normal course of business, the Company is involved in various legal proceedings. In the opinion of management, any liability resulting from such proceedings would not have a material effect on the Company’s financial statements .

CONCENTRATIONS OF CREDIT

CONCENTRATIONS OF CREDIT	3 Months Ended
	Mar. 31, 2024
Risks and Uncertainties [Abstract]
CONCENTRATIONS OF CREDIT	CONCENTRATIONS OF CREDIT The Company originates primarily commercial, commercial real estate, residential real estate, and consumer loans to customers in Alabama and Georgia. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy in these areas. Eighty-five 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 co nditions 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 $61,575 or on an unsecured basis in excess of 10% of capital, as defined, or approximately $30,788.

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY As of March 31, 2024, the Company had 8,894,794 shares of common stock issued and outstanding and does not have any non-voting shares issued and outstanding. As of December 31, 2023, the Company had 8,841,349 shares of common stock issued and outstanding and does not have any non-voting shares issued and outstanding.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2024
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 March 31, 2024, approximately $80,604 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 and state 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 a capital conservation buffer, which requires it to maintain common equity Tier 1 capital of 2.50% above minimum requirements for the common equity Tier 1 ratio, Tier 1 risk-based ratio and total risk-based ratio to avoid limitations on distributions and discretionary bonus payments. The capital conservation buffer is included in the minimum capital requirements in the following tables. Management believes, as of March 31, 2024 and December 31, 2023, that the Bank met all capital adequacy requirements to which it is subject. As of March 31, 2024, 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 $3,000,000 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 2.50% capital conservation buffer. The Bank is also subject to capital requirements under the FDIC’s prompt corrective action regime. As of March 31, 2024, the Bank was well capitalized under the regulatory framework for prompt corrective action. As part of the directive under the Economic Growth Act, in September 2019, the FDIC and other federal bank regulatory agencies approved the Community Bank Leverage Ratio (“CBLR”) framework. This optional framework became effective January 1, 2020, and is available to the Company and the Bank as an alternative to the Basel III risk-based capital framework. The CBLR framework provides for a simple measure of capital adequacy for certain community banking organizations. Specifically, depository institutions and depository institution holding companies that have less than $10,000,000 in total consolidated assets and meet other qualifying criteria, including a Tier 1 leverage ratio of greater than 9.00%, are considered qualifying community banking organizations and are eligible to opt into the CBLR framework, and replace the applicable Basel III risk-based capital requirements. As of March 31, 2024, the Company and the Bank qualify for the CBLR framework. Management does not intend to utilize the CBLR framework. Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of March 31, 2024 Tier 1 capital (to average assets) Company $ 213,603 8.79 % $ 97,230 4.00 % $ — — Bank $ 283,596 11.67 % $ 97,230 4.00 % $ 121,537 5.00 % CET 1 capital (to risk-weighted assets) Company $ 213,603 9.39 % $ 159,208 7.00 % $ — — Bank $ 283,596 12.47 % $ 159,208 7.00 % $ 147,836 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 213,603 9.39 % $ 193,324 8.50 % $ — — Bank $ 283,596 12.47 % $ 193,324 8.50 % $ 181,952 8.00 % Total capital (to risk-weighted assets) Company $ 328,035 14.42 % $ 238,811 10.50 % $ — — Bank $ 310,028 13.63 % $ 238,811 10.50 % $ 227,440 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Tier 1 capital (to average assets) Company $ 205,582 8.99 % $ 91,503 4.00 % $ — — Bank $ 274,850 12.01 % $ 91,503 4.00 % $ 114,379 5.00 % CET 1 capital (to risk-weighted assets) Company $ 205,582 9.20 % $ 156,378 7.00 % $ — — Bank $ 274,850 12.30 % $ 156,378 7.00 % $ 145,209 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 205,582 9.20 % $ 189,888 8.50 % $ — — Bank $ 274,850 12.30 % $ 189,888 8.50 % $ 178,718 8.00 % Total capital (to risk-weighted assets) Company $ 319,199 14.29 % $ 234,568 10.50 % $ — — Bank $ 300,467 13.45 % $ 234,568 10.50 % $ 223,398 10.00 %

FAIR VALUE OF ASSETS AND LIABIL

FAIR VALUE OF ASSETS AND LIABILITIES	3 Months Ended
	Mar. 31, 2024
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. FHLB Advances : The fair value of FHLB advances is based on discounted contractual cash flows using interest rates currently being offered for borrowings of similar maturities. 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 March 31, 2024 and December 31, 2023 is as follows: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant March 31, 2024 U.S. Treasury securities $ 8,688 $ — $ 8,688 $ — U.S. Government Sponsored Enterprises (GSEs) 2,181 — 2,181 — State and municipal securities 40,486 — 40,486 — Corporate debt securities 11,331 — 11,331 — Asset based securities 17,615 — 17,615 — Mortgage-backed GSE residential/multifamily and non-GSE 97,078 — 97,078 — Other equity securities 3,638 3,638 — — Interest Rate Products - asset 7,810 — 7,810 — Interest Rate Products - liabilities (7,830) — (7,830) — December 31, 2023 U.S. Treasury securities $ 8,772 $ — $ 8,772 $ — U.S. Government Sponsored Enterprises (GSEs) 2,268 — 2,268 — State and municipal securities 41,069 — 41,069 — Corporate debt securities 11,259 — 11,259 — Asset based securities 18,687 — 18,687 — Mortgage-backed GSE residential/multifamily and non-GSE 96,945 — 96,945 — Other equity securities 3,649 3,649 — — Interest Rate Products - asset 7,691 — 7,691 — Interest Rate Products - liabilities (7,726) — (7,726) — 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 March 31, 2024 and December 31, 2023: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant March 31, 2024: Individually analyzed loans $ 4,162 $ — $ — $ 4,162 Foreclosed assets 33 — — 33 Totals $ 4,195 $ — $ — $ 4,195 Fair Value Quoted Prices Significant Other Significant December 31, 2023: Individually analyzed loans $ 3,095 $ — $ — $ 3,095 Foreclosed assets 33 — — 33 Totals $ 3,128 $ — $ — $ 3,128 Individually Analyzed Loans Loans considered individually analyzed under ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, 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. Individually analyzed 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 individually analyzed loans are primarily measured based on the value of the collateral securing these loans. Impaired loans are typically 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 determines the value of the 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 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. 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 Company had no Level 3 assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. For Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2024, 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: Individually analyzed loans $ 4,162 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 33 Appraisal Appraisal discounts (%) 10-15% For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2023, 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: Individually analyzed loans $ 3,095 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 33 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: March 31, 2024 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 237,123 $ 237,123 $ — $ — Securities available for sale 177,379 — 177,379 — Other equity securities 3,638 3,638 — — Loans held for sale 425 — 425 — Trading assets 7,810 — 7,810 — Loans, net 1,940,005 — 1,898,426 4,162 Bank owned life insurance 30,075 — 30,075 — Annuities 15,939 — 15,939 — Accrued interest receivable 9,561 — 9,561 — Restricted equity securities 5,108 — — 5,108 Financial liabilities: Deposits $ 2,109,798 $ — $ 2,107,741 $ — Trading liabilities 7,830 — 7,830 — FHLB advances 52,000 — 51,969 — Other borrowings 7,997 — 7,997 — Subordinated notes 86,776 — 86,776 — Accrued interest payable 1,805 — 1,805 — Fair Value of Financial Instruments (Continued) December 31, 2023 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 250,651 $ 250,651 $ — $ — Securities available for sale 179,000 — 179,000 — Other equity securities 3,649 3,649 — — Loans held for sale 450 — 450 — Trading assets 7,691 — 7,691 — Loans, net 1,860,130 — 1,824,800 3,095 Bank owned life insurance 29,884 — 29,884 — Annuities 15,036 — 15,036 — Accrued interest receivable 8,711 — 8,711 — Restricted equity securities 5,684 — — 5,684 Financial liabilities: Deposits $ 2,018,189 $ — $ 2,016,506 $ — Trading liabilities 7,726 — 7,726 — FHLB advances 70,000 — 70,029 — Other borrowings 26,994 — 26,994 — Subordinated notes 86,679 — 86,679 — Accrued interest payable 1,519 — 1,519 —

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation and Accounting Estimates	Basis of Presentation and Accounting Estimates The unaudited consolidated financial statements include the accounts of the Company and its subsidiary. Significant intercompany transactions and balances have been eliminated in consolidation. In preparing the unaudited consolidated financial statements in conformity with accounting principles generally accepted in the United States of America, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses, the valuation of foreclosed assets, financial instruments, deferred taxes and investment 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 credit 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 is required to maintain reserve balances in cash or on deposit with the Federal Reserve Bank. On March 15, 2020, the Federal Reserve System Board announced an interim final rule amending Regulation D to lower all transaction account reserve requirement ratios to zero percent, thereby eliminating all reserve requirements as of March 31, 2024 and December 31, 2023.
Securities and Other Equity Securities	Securities The Company classifies its debt 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. Management uses a systematic methodology to determine its allowance for credit losses for held to maturity debt securities. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the held to maturity portfolio. Management considers the effects of past events, current conditions, and reasonable and supportable forecasts on the collectability of the portfolio. The Company’s estimate of its allowance for credit losses involves a high degree of judgment; therefore, management’s process for determining expected credit losses may result in a range of expected credit losses. Management monitors the held to maturity portfolio to determine whether a valuation account would need to be recorded. As of March 31, 2024 , the Company ha d $19,627 of hel d to maturity securities and no related valuation account. For available for sale debt securities in an unrealized loss position, the Company will first assess whether (i) it intends to sell or (ii) it is more likely than not that it will be required to sell the debt security before recovery of its amortized cost basis. If either case is applicable, any previously recognized allowances are charged off and the debt security’s amortized cost is written down to fair value through income. If neither case is applicable, the debt security is evaluated to determine whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the debt security by a rating agency and any adverse conditions specifically related to the debt security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the debt security are compared to the amortized cost basis of the debt security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount by which the fair value is less than the amortized cost basis. Any impairment that has not been recorded through allowance for credit losses is recognized in other comprehensive income (loss), net of tax. Adjustments to the allowance are reported in the income statement as a component of credit loss expense. Available for sale debt securities are charged off against the allowance or, in the absence of any allowance, written down through income when deemed uncollectible by the Company or when either of the aforementioned criteria regarding intent or requirement to sell is met. The Company excludes the accrued interest receivable balance from the amortized cost basis in measuring expected credit losses on debt securities and does not record an allowance for credit losses on accrued interest receivable. The accrued interest receivable March 31, 2024 and December 31, 2023, respectively. 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, Allowance for Credit Losses, Modifications to Borrowers Experiencing Financial Difficulty, Troubled Debt Restructurings	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 credit 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. Allowance for Credit Losses As described below under Recent Accounting Pronouncements, the Company adopted Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (CECL) effective January 1, 2023. The allowance for credit losses is based on the Company’s evaluation of the loan portfolios, past loan loss experience, current asset quality trends, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay (including the timing of future payment), the estimated value of any underlying collateral, composition of the loan portfolio, economic conditions, industry and peer bank loan quality indications and other pertinent factors, including regulatory recommendations. The process is inherently subjective and subject to significant change as it requires material estimates. The allowance is increased by a provision for credit losses, which is charged to expense, and reduced by charge offs, net of recoveries. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for credit losses. Such agencies may require the Company to recognize adjustments to the allowance based on their judgments about information available to them at the time of their examination. Loans with similar risk characteristics are evaluated in pools and, depending on the nature of each identified pool, the Company utilizes a discounted cash flow, probability of default / loss given default, or remaining life method. The historical loss experience estimate by pool is then adjusted by forecast factors that are quantitatively related to the Company’s historical credit loss experience, such as national unemployment rates and gross domestic product. Losses are predicted over a period of time determined to be reasonable and supportable, and at the end of the reasonable and supportable period losses are reverted to long term historical averages. The reasonable and supportable period and reversion period are re-evaluated each quarter by the Company and are dependent on the current economic environment among other factors. The estimated credit losses for each loan pool are then adjusted for changes in qualitative factors not inherently considered in the quantitative analyses. The qualitative adjustments either increase or decrease the quantitative model estimation. The Company considers factors that are relevant within the qualitative framework which include the following: changes in lending policies and quality of loan reviews, changes in nature and volume of loans, changes in volume and trends of problem loans, changes in concentration risk, trends in underlying collateral values, changes in competition, legal and regulatory environment and changes in economic conditions. Allowance for Credit Losses (Continued) Credit losses for loans that no longer share similar risk characteristics with the collectively evaluated pools are excluded from the collective evaluation and estimated on an individual basis. Specific allowances are estimated based on one of several methods, including the estimated fair value of the underlying collateral, observable market value of similar debt or the present value of expected cash flows. The Company measures expected credit losses over the contractual term of a loan, adjusted for estimated prepayments. The contractual term excludes expected extensions, renewals and modifications unless there is a reasonable expectation th at a loan modification will be executed. Credit losses are estimated on the amortized cost basis of loans. Accrued interest receivable on loans is excluded from the estimate of credit losses. The accrued interest receivable March 31, 2024 and December 31, 2023, respectively. Off-Balance Sheet Credit Exposure The Company also has off-balance sheet financial instruments, which include unfunded credit commitments and letters of credit. The Company minimizes these risks through underwriting guidelines and prudent risk management techniques. For off-balance sheet instruments, the allowance for credit losses is calculated in accordance with Topic 326, representing expected credit losses over the contractual period for which the Company is exposed to credit risk resulting from a contractual obligation to extend credit. No allowance is recognized if the Company has the unconditional right to cancel the obligation. The allowance is reported as a component of other liabilities within the consolidated balance sheets. Adjustments to the allowance for credit losses for unfunded commitments are reported in the income statement as a component of other operating expense. The allowance for credit losses on off-balance sheet financial instruments was $1,288 and $1,239 at March 31, 2024 and December 31, 2023, respectively. Modifications to Borrowers Experiencing Financial Difficulty The Company periodically provides modifications to borrowers experiencing financial difficulty. These modifications include either payment deferrals, term extensions, interest rate reductions, principal forgiveness or combinations of modification types. The determination of whether the borrower is experiencing financial difficulty is made on the date of the modification. When principal forgiveness is provided, the amount of principal forgiveness is charged off against the allowance for credit losses with a corresponding reduction in the amortized cost basis of the loan. A modified loan is tracked for at least 12 months
Premises and Equipment	Premises and Equipment
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 credit 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 existed at March 31, 2024. 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 March 2024. The qualitative factors considered in determining if fair value of the unit was less than the carrying amount were economic conditions related to 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 March 31, 2024 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 Financial Accounting Standards Board (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. Accounting Policy for Derivative Instruments and Hedging Activities (Continued) As required by ASC 815, the Company records all derivatives on the balance sheet at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an asset, liability, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of the hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting. In accordance with the FASB’s fair value measurement guidance in ASU 2011-04, the Company made an accounting policy election to measure the credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty portfolio.
Income Taxes	Income Taxes Income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Company determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more likely than not means a likelihood of more than 50 percent; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more likely than not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more likely than not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. Deferred tax assets may be reduced by deferred tax liabilities and a valuation allowance if, based on the weight of evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. Management believes that the Company will generate sufficient operating earnings to realize the deferred tax benefits.
Stock Compensation Plans	Stock Compensation Plans Stock compensation accounting guidance requires that the compensation cost relating to share-based payment transactions be recognized in financial statements. That cost will be measured based on the grant date fair value of the equity or liability instruments issued. The stock compensation accounting guidance covers a wide range of share-based compensation arrangements including stock options and warrants, restricted stock plans, performance-based awards, share appreciation rights, and employee share purchase plans. The stock compensation accounting guidance requires that compensation cost for all stock awards be calculated and recognized over the employees’ service period, generally defined as the vesting period. For awards with graded-vesting, compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. A Black-Scholes model is used to estimate the fair value of stock options, while the estimated market price of the Company’s common stock at the date of grant is used for restricted stock awards, restricted stock units and stock grants.
Comprehensive Income (Loss)	Comprehensive Income (Loss) 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 (loss).
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 disclose d in Note 12. Fair value estimates involve uncertainties and matters of significant judgment. Changes in assumptions or in market conditions could significantly affect the estimates.
Revenue Recognition	Revenue Recognition
Recent Accounting Pronouncements	Recent Accounting Pronouncements On January 1, 2023, the Company adopted ASU 2022-02, “Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures”, this standard eliminated the previous accounting guidance for troubled debt restructurings and added additional disclosure requirements for gross charge offs by year of origination. It also prescribes guidance for reporting modifications of loans to borrowers experiencing financial difficulty. The Company adopted these standards as required on January 1, 2023 using the modified retrospective method for all financial assets measured at amortized cost and off-balance sheet credit exposures.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Property, Plant and Equipment	Years Buildings 10-39 Furniture and equipment 3-7

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	For the Three Months Ended 2024 2023 Basic Earnings Per Share: Net Income $ 8,119 $ 7,671 Weighted average common shares outstanding 8,913,477 8,762,450 Basic earnings per share $ 0.91 $ 0.87 Diluted Earnings Per Share: Net income allocated to common shareholders $ 8,111 $ 7,664 Weighted average common shares outstanding 8,913,477 8,762,450 Net dilutive effect of: Assumed exercises of stock optio ns and vesting of restricted stock units 129,645 282,040 Average shares and dilutive potential common shares 9,043,122 9,044,490 Dilutive earnings per share $ 0.90 $ 0.85

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Debt Securities, Available-for-sale	The amortized cost and fair value of securities at March 31, 2024 and December 31, 2023 are summarized as follows: Amortized Gross Gross Fair Value March 31, 2024 Securities Available for Sale U.S. Treasury securities $ 9,710 $ — $ (1,022) $ 8,688 U.S. Government Sponsored Enterprises (GSEs) 2,364 26 (209) 2,181 State and municipal securities 45,051 14 (4,579) 40,486 Corporate debt securities 12,515 — (1,184) 11,331 Asset based securities 17,952 119 (456) 17,615 Mortgage-backed GSE residential/multifamily and non-GSE 101,140 163 (4,225) 97,078 Total securities available for sale $ 188,732 $ 322 $ (11,675) $ 177,379 Securities Held to Maturity State and municipal securities 19,627 — (3,529) 16,098 Total securities held to maturity $ 19,627 $ — $ (3,529) $ 16,098 Total securities $ 208,359 $ 322 $ (15,204) $ 193,477 Amortized Gross Gross Fair Value December 31, 2023 Securities Available for Sale U.S. Treasury securities $ 9,721 $ — $ (949) $ 8,772 U.S. Government Sponsored Enterprises (GSEs) 2,446 37 (215) 2,268 State and municipal securities 45,220 21 (4,172) 41,069 Corporate debt securities 12,517 — (1,258) 11,259 Asset based securities 19,112 54 (479) 18,687 Mortgage-backed GSE residential/multifamily and non-GSE 101,306 164 (4,525) 96,945 Total securities available for sale $ 190,322 $ 276 $ (11,598) $ 179,000 Securities Held to Maturity State and municipal securities 19,632 — (3,399) 16,233 Total securities held to maturity $ 19,632 $ — $ (3,399) $ 16,233 Total securities $ 209,954 $ 276 $ (14,997) $ 195,233
Schedule of Debt Securities, Held-to-maturity	The amortized cost and fair value of securities at March 31, 2024 and December 31, 2023 are summarized as follows: Amortized Gross Gross Fair Value March 31, 2024 Securities Available for Sale U.S. Treasury securities $ 9,710 $ — $ (1,022) $ 8,688 U.S. Government Sponsored Enterprises (GSEs) 2,364 26 (209) 2,181 State and municipal securities 45,051 14 (4,579) 40,486 Corporate debt securities 12,515 — (1,184) 11,331 Asset based securities 17,952 119 (456) 17,615 Mortgage-backed GSE residential/multifamily and non-GSE 101,140 163 (4,225) 97,078 Total securities available for sale $ 188,732 $ 322 $ (11,675) $ 177,379 Securities Held to Maturity State and municipal securities 19,627 — (3,529) 16,098 Total securities held to maturity $ 19,627 $ — $ (3,529) $ 16,098 Total securities $ 208,359 $ 322 $ (15,204) $ 193,477 Amortized Gross Gross Fair Value December 31, 2023 Securities Available for Sale U.S. Treasury securities $ 9,721 $ — $ (949) $ 8,772 U.S. Government Sponsored Enterprises (GSEs) 2,446 37 (215) 2,268 State and municipal securities 45,220 21 (4,172) 41,069 Corporate debt securities 12,517 — (1,258) 11,259 Asset based securities 19,112 54 (479) 18,687 Mortgage-backed GSE residential/multifamily and non-GSE 101,306 164 (4,525) 96,945 Total securities available for sale $ 190,322 $ 276 $ (11,598) $ 179,000 Securities Held to Maturity State and municipal securities 19,632 — (3,399) 16,233 Total securities held to maturity $ 19,632 $ — $ (3,399) $ 16,233 Total securities $ 209,954 $ 276 $ (14,997) $ 195,233
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 March 31, 2024 and December 31, 2023 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: March 31, 2024 December 31, 2023 Amortized Cost Fair Value Amortized Cost Fair Value Securities Available for Sale Due in less than one year $ 2,478 $ 2,417 $ 482 $ 476 Due from one year to five years 10,569 9,640 11,671 10,855 Due after five to ten years 21,693 19,524 22,537 20,439 Due after ten years 52,852 48,720 54,326 50,285 Mortgage-backed securities 101,140 97,078 101,306 96,945 Total securities available for sale $ 188,732 $ 177,379 $ 190,322 $ 179,000 Securities Held to Maturity Due in less than one year $ — $ — $ — $ — Due from one year to five years — — — — Due after five to ten years 10,279 8,500 7,743 6,483 Due after ten years 9,348 7,598 11,889 9,750 Mortgage-backed securities — — — — Total securities held to maturity $ 19,627 $ 16,098 $ 19,632 $ 16,233 Total securities $ 208,359 $ 193,477 $ 209,954 $ 195,233
Schedule of Realized Gain and Loss	Gains and losses on sales and change in value of securities available for sale and other equity securities held at fair value for the three months ended March 31, 2024 and March 31, 2023 consist of the following: For the Three Months Ended March 31, 2024 March 31, 2023 Gross gains $ — $ 662 Gross losses (12) (148) Net realized gain (loss) $ (12) $ 514
Schedule of Restricted Investments	Restricted equity securities as of March 31, 2024 and December 31, 2023 consist of the following: March 31, 2024 December 31, 2023 Federal Home Loan Bank stock $ 4,183 $ 4,759 First National Banker’s Bankshares, Inc. stock 675 675 Pacific Coast Banker’s Bank stock 250 250 Total restricted equity securities $ 5,108 $ 5,684
Schedule of Available-for-sale in Continuous Unrealized Loss Position	March 31, 2024 and December 31, 2023. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total March 31, 2024 Securities Available for Sale U.S. Treasury securities $ — $ — $ (1,022) $ 8,688 $ (1,022) U.S. Government Sponsored Enterprises (GSEs) — — (209) 1,396 (209) State and municipal securities — — (4,579) 40,222 (4,579) Corporate debt securities — — (1,184) 11,331 (1,184) Asset based securities (3) 910 (453) 4,884 (456) Mortgage-backed GSE residential/multifamily and non-GSE (160) 21,052 (4,065) 57,766 (4,225) Total securities available for sale $ (163) $ 21,962 $ (11,512) $ 124,287 $ (11,675) Securities Held to Maturity State and municipal securities — — (3,529) 16,098 (3,529) Total securities held to maturity $ — $ — $ (3,529) $ 16,098 $ (3,529) Total securities $ (163) $ 21,962 $ (15,041) $ 140,385 $ (15,204) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2023 Securities Available for Sale U.S. Treasury securities $ — $ — $ (949) $ 8,772 $ (949) U.S. Government Sponsored Enterprises (GSEs) — — (215) 1,451 (215) State and municipal securities — — (4,172) 40,663 (4,172) Corporate debt securities — — (1,258) 11,259 (1,258) Asset based securities (11) 1,102 (468) 6,904 (479) Mortgage-backed GSE residential/multifamily and non-GSE (268) 24,708 (4,257) 56,083 (4,525) Total securities available for sale $ (279) $ 25,810 $ (11,319) $ 125,132 $ (11,598) Securities Held to Maturity State and municipal securities — — (3,399) 16,233 (3,399) Total securities held to maturity $ — $ — $ (3,399) $ 16,233 $ (3,399) Total securities $ (279) $ 25,810 $ (14,718) $ 141,365 $ (14,997)
Schedule of Debt Securities, Held-to-maturity, Unrealized Loss Position, Fair Value	March 31, 2024 and December 31, 2023. Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total March 31, 2024 Securities Available for Sale U.S. Treasury securities $ — $ — $ (1,022) $ 8,688 $ (1,022) U.S. Government Sponsored Enterprises (GSEs) — — (209) 1,396 (209) State and municipal securities — — (4,579) 40,222 (4,579) Corporate debt securities — — (1,184) 11,331 (1,184) Asset based securities (3) 910 (453) 4,884 (456) Mortgage-backed GSE residential/multifamily and non-GSE (160) 21,052 (4,065) 57,766 (4,225) Total securities available for sale $ (163) $ 21,962 $ (11,512) $ 124,287 $ (11,675) Securities Held to Maturity State and municipal securities — — (3,529) 16,098 (3,529) Total securities held to maturity $ — $ — $ (3,529) $ 16,098 $ (3,529) Total securities $ (163) $ 21,962 $ (15,041) $ 140,385 $ (15,204) Less Than Twelve Months Over Twelve Months Gross Fair Value Gross Fair Value Total December 31, 2023 Securities Available for Sale U.S. Treasury securities $ — $ — $ (949) $ 8,772 $ (949) U.S. Government Sponsored Enterprises (GSEs) — — (215) 1,451 (215) State and municipal securities — — (4,172) 40,663 (4,172) Corporate debt securities — — (1,258) 11,259 (1,258) Asset based securities (11) 1,102 (468) 6,904 (479) Mortgage-backed GSE residential/multifamily and non-GSE (268) 24,708 (4,257) 56,083 (4,525) Total securities available for sale $ (279) $ 25,810 $ (11,319) $ 125,132 $ (11,598) Securities Held to Maturity State and municipal securities — — (3,399) 16,233 (3,399) Total securities held to maturity $ — $ — $ (3,399) $ 16,233 $ (3,399) Total securities $ (279) $ 25,810 $ (14,718) $ 141,365 $ (14,997)

LOANS (Tables)

LOANS (Tables)	3 Months Ended
	Mar. 31, 2024
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: March 31, 2024 December 31, 2023 Amount % of Amount % of Real estate mortgages: Construction and development $ 252,934 12.8% $ 242,960 12.9% Residential 238,702 12.1% 224,603 11.9% Commercial 1,182,634 60.0% 1,144,867 60.5% Commercial and industrial 288,701 14.7% 269,961 14.3% Consumer and other 8,425 0.4% 8,286 0.4% Gross Loans 1,971,396 100.0% 1,890,677 100.0% Deferred loan fees (6,247) (6,169) Allowance for credit losses (25,144) (24,378) Loans, net $ 1,940,005 $ 1,860,130
Schedule of Financing Receivable Credit Quality Indicators	The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of March 31, 2024: 2024 2023 2022 2021 2020 Prior Revolving Loans Total Real Estate Mortgages: Construction and development Pass $ 13,948 $ 52,983 $ 140,428 $ 26,016 $ 1,735 $ 6,875 $ 6,530 $ 248,515 Special Mention — — — — — 4,419 — 4,419 Substandard — — — — — — — — Doubtful — — — — — — — — Total 13,948 52,983 140,428 26,016 1,735 11,294 6,530 252,934 Current period gross write-off — — — — — — — — Residential Pass 15,864 50,403 56,688 21,604 41,520 18,535 33,602 238,216 Special Mention — 81 — — — — 53 134 Substandard — — 114 — — 184 54 352 Doubtful — — — — — — — — Total 15,864 50,484 56,802 21,604 41,520 18,719 33,709 238,702 Current period gross write-off — — — — — 11 — 11 Commercial Pass 31,761 231,255 331,937 268,060 97,495 184,663 15,218 1,160,389 Special Mention 124 — 102 1,172 2,597 1,708 330 6,033 Substandard — 658 578 7,803 — 7,173 — 16,212 Doubtful — — — — — — — — Total 31,885 231,913 332,617 277,035 100,092 193,544 15,548 1,182,634 Current period gross write-off — — — 27 — — — 27 Commercial and industrial Pass 16,856 68,317 49,159 18,633 19,455 11,138 94,811 278,369 Special Mention 736 43 — 329 2,632 158 4,089 7,987 Substandard 9 47 768 15 — 210 1,296 2,345 Doubtful — — — — — — — — Total 17,601 68,407 49,927 18,977 22,087 11,506 100,196 288,701 Current period gross write-off — — 442 — — — — 442 Consumer and other Pass 1,445 1,809 952 173 58 1,286 2,695 8,418 Special Mention — — — — — — — — Substandard — — — 7 — — — 7 Doubtful — — — — — — — — Total 1,445 1,809 952 180 58 1,286 2,695 8,425 Current period gross write-off — 15 — — — — — 15 Gross Loans Pass 79,874 404,767 579,164 334,486 160,263 222,497 152,856 1,933,907 Special Mention 860 124 102 1,501 5,229 6,285 4,472 18,573 Substandard 9 705 1,460 7,825 — 7,567 1,350 18,916 Doubtful — — — — — — — — Total $ 80,743 $ 405,596 $ 580,726 $ 343,812 $ 165,492 $ 236,349 $ 158,678 $ 1,971,396 Current period gross write-off $ — $ 15 $ 442 $ 27 $ — $ 11 $ — $ 495 Credit Risk Management (Continued) The following tables summarizes the risk category of the Company’s loan portfolio based upon the most recent analysis on the year of origination as of December 31, 2023: 2023 2022 2021 2020 2019 Prior Revolving Loans Total Real Estate Mortgages: Construction and development Pass $ 48,141 $ 139,291 $ 39,679 $ 1,721 $ 1,969 $ 5,214 $ 2,516 $ 238,531 Special Mention — — — — — 4,429 — 4,429 Substandard — — — — — — — — Doubtful — — — — — — — — Total 48,141 139,291 39,679 1,721 1,969 9,643 2,516 242,960 Current period gross write-off — — — — — — 3 3 Residential Pass 51,135 54,610 23,808 42,071 6,496 12,883 33,132 224,135 Special Mention 81 — — — — — — 81 Substandard — 118 — — 153 62 54 387 Doubtful — — — — — — — — Total 51,216 54,728 23,808 42,071 6,649 12,945 33,186 224,603 Current period gross write-off — — — — — — — — Commercial Pass 232,834 328,006 256,007 99,067 63,906 125,007 14,685 1,119,512 Special Mention — 350 2,840 2,623 414 4,490 — 10,717 Substandard 660 432 7,811 — — 5,735 — 14,638 Doubtful — — — — — — — — Total 233,494 328,788 266,658 101,690 64,320 135,232 14,685 1,144,867 Current period gross write-off — — — — — — — — Commercial and industrial Pass 68,482 51,368 20,626 21,390 4,758 7,257 88,074 261,955 Special Mention 126 — — 2,711 172 — 1,873 4,882 Substandard — 1,210 20 — 219 — 1,675 3,124 Doubtful — — — — — — — — Total 68,608 52,578 20,646 24,101 5,149 7,257 91,622 269,961 Current period gross write-off 424 51 167 44 — — — 686 Consumer and other Pass 2,291 1,111 292 149 316 1,275 2,852 8,286 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total 2,291 1,111 292 149 316 1,275 2,852 8,286 Current period gross write-off — 6 2 — — — — 8 Gross Loans Pass 402,883 574,386 340,412 164,398 77,445 151,636 141,259 1,852,419 Special Mention 207 350 2,840 5,334 586 8,919 1,873 20,109 Substandard 660 1,760 7,831 — 372 5,797 1,729 18,149 Doubtful — — — — — — — — Total $ 403,750 $ 576,496 $ 351,083 $ 169,732 $ 78,403 $ 166,352 $ 144,861 $ 1,890,677 Current period gross write-off $ 424 $ 57 $ 169 $ 44 $ — $ — $ 3 $ 697 Collateral Dependent Loans The Company classifies a loan as collateral dependent when the borrower is experiencing financial difficulty, and expected repayment is to be provided substantially through the operation or sale of collateral . The following tables summarize collateral dependent loans, which are individually evaluated to determine expected credit losses, as of March 31, 2024 and December 31, 2023: Real Estate Other Total ACL As of March 31, 2024 Real estate mortgages: Construction and development $ 205 $ — $ 205 $ 29 Residential 967 — 967 67 Commercial 17,093 — 17,093 769 Commercial and industrial — 2,352 2,352 404 Consumer and other — 17 17 — Total $ 18,265 $ 2,369 $ 20,634 $ 1,269 Real Estate Other Total ACL As of December 31, 2023 Real estate mortgages: Construction and development $ 210 $ — $ 210 $ 31 Residential 980 — 980 72 Commercial 15,514 — 15,514 162 Commercial and industrial — 3,131 3,131 1,100 Consumer and other — 11 11 1 Total $ 16,704 $ 3,142 $ 19,846 $ 1,366
Schedule of Aging Analysis	The following tables present the aging of the recorded investment in loans and leases as of March 31, 2024 and December 31, 2023: Past Due Status (Accruing Loans) Current 30-59 Days 60-89 Days 90+ Days Total Past Due Nonaccrual with ACL Nonaccrual without ACL Total As of March 31, 2024 Real estate mortgages: Construction and development $ 252,934 $ — $ — $ — $ — $ — $ — $ 252,934 Residential 237,530 773 153 — 926 23 223 238,702 Commercial 1,179,342 827 43 — 870 2,024 398 1,182,634 Commercial and industrial 287,690 191 42 — 233 778 — 288,701 Consumer and other 8,425 — — — — — — 8,425 Total $ 1,965,921 $ 1,791 $ 238 $ — $ 2,029 $ 2,825 $ 621 $ 1,971,396 As of December 31, 2023 Real estate mortgages: Construction and development $ 242,315 $ 591 $ 54 $ — $ 645 $ — $ — $ 242,960 Residential 223,195 1,106 — 51 1,157 23 228 224,603 Commercial 1,140,587 3,245 160 109 3,514 324 442 1,144,867 Commercial and industrial 269,598 265 98 — 363 — — 269,961 Consumer and other 8,259 17 10 — 27 — — 8,286 Total $ 1,883,954 $ 5,224 $ 322 $ 160 $ 5,706 $ 347 $ 670 $ 1,890,677
Schedule of Allowance for Credit Loss	The following tables detail activity in the allowance for credit losses by portfolio segment as of March 31, 2024 and March 31, 2023. As described in Note 1, the Company adopted ASU 2016-13 on January 1, 2023, which replaced the existing incurred loss methodology with an expected credit loss methodology (referred to as CECL). Under the incurred loss methodology, reserves for credit losses were recognized only when the losses were probable or had been incurred; under CECL, the Company is required to recognize the full amount of expected credit losses for the lifetime of the loan, based on historical experience, current conditions and reasonable and supportable forecasts. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. We maintain an allowance for credit losses on unfunded loan commitments and letters of credit to provide for the risk of loss inherent in these arrangements. The allowance for credit losses is computed using a methodology similar to that used to determine the allowance for credit losses for loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the consolidated balance sheet within other liabilities, wh ile corresponding provision for these credit losses is recorded as a component of other operating expense. The allowance for credit losses on unfunded commitments as the result of the adoption of ASC 326 was $1,285. At March 31, 2024 , $ 1,288 in allowance for credit losses on unfunded commitments was included in other liabilities on the consolidated balance sheets. Real Estate Commercial Consumer Total Allowance for credit losses: Balance at December 31, 2023 $ 19,826 $ 4,466 $ 86 $ 24,378 Provision (credit) for credit losses 1,173 48 15 1,236 Loans charged off (38) (442) (15) (495) Recoveries of loans previously charged off 8 16 1 25 Ending balance at March 31, 2024 $ 20,969 $ 4,088 $ 87 $ 25,144 Real Estate Commercial Consumer Total Allowance for credit losses: Balance at December 31, 2022 $ 14,443 $ 5,642 $ 71 $ 20,156 Impact of adoption of ASC 326 (1,164) (120) (1) (1,285) Provision (credit) for credit losses 2,348 (1,208) 41 1,181 Loans charged off — (218) (6) (224) Recoveries of loans previously charged off 11 14 2 27 Ending balance at March 31, 2023 $ 15,638 $ 4,110 $ 107 $ 19,855
Schedule of Amortized Cost Basis	The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the three months ended March 31, 2024. Three Months Ended March 31, 2024 Term Extension Term Extension and Rate Adjustment Total Percentage of Total Loans Real estate mortgages: Construction and development $ — $ — $ — — % Residential — — — — % Commercial — — — — % Commercial and industrial — — — — % Consumer and other — — — — % Total $ — $ — $ — — % The table below details the amortized cost basis at the end of the reporting period for loans made to borrowers experiencing financial difficulty that were modified during the year ended December 31, 2023. Modifications to Borrowers Experiencing Financial Difficulty (Continued) Year Ended December 31, 2023 Term Extension Term Extension and Rate Adjustment Total Percentage of Total Loans Real estate mortgages: Construction and development $ 89 $ 117 $ 206 — % Residential — — — — % Commercial — — — — % Commercial and industrial — — — — % Consumer and other — — — — % Total $ 89 $ 117 $ 206 — %

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Mar. 31, 2024
Banking and Thrift, Interest [Abstract]
Schedule of Composition of Deposits	Major classifications of deposits are as follows: March 31, December 31, Noninterest-bearing transaction $ 416,704 $ 437,959 Interest-bearing transaction 974,079 946,347 Savings 33,909 35,412 Time deposits, $250,000 and under 584,658 500,406 Time deposits, over $250,000 100,448 98,065 $ 2,109,798 $ 2,018,189
Schedule of Time Deposit Maturities	The scheduled maturities of time deposits at March 31, 2024 are as follows: April 1, 2024 to March 31, 2025 $ 551,759 April 1, 2025 to March 31, 2026 85,262 April 1, 2026 to March 31, 2027 28,330 April 1, 2027 to March 31, 2028 16,368 April 1, 2028 to March 31, 2029 3,360 Thereafter 27 $ 685,106

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivative Instruments on the Balance Sheet	March 31, 2024 December 31, 2023 Derivatives not Notional Balance Sheet Fair Derivatives not Notional Balance Sheet Fair Interest Rate Products $ 105,636 Other Assets $ 7,810 Interest Rate Products $ 104,180 Other Assets $ 7,691 Interest Rate Products 105,636 Other Liabilities (7,830) Interest Rate Products 104,180 Other Liabilities (7,726)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loan Commitments	March 31, December 31, Commitments to extend credit $ 422,436 $ 501,935 Standby letters of credit 4,728 2,846 Total $ 427,164 $ 504,781

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2024
Regulatory Capital Requirements Under Banking Regulations [Abstract]
Schedule of Regulatory Capital and Ratios	Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of March 31, 2024 Tier 1 capital (to average assets) Company $ 213,603 8.79 % $ 97,230 4.00 % $ — — Bank $ 283,596 11.67 % $ 97,230 4.00 % $ 121,537 5.00 % CET 1 capital (to risk-weighted assets) Company $ 213,603 9.39 % $ 159,208 7.00 % $ — — Bank $ 283,596 12.47 % $ 159,208 7.00 % $ 147,836 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 213,603 9.39 % $ 193,324 8.50 % $ — — Bank $ 283,596 12.47 % $ 193,324 8.50 % $ 181,952 8.00 % Total capital (to risk-weighted assets) Company $ 328,035 14.42 % $ 238,811 10.50 % $ — — Bank $ 310,028 13.63 % $ 238,811 10.50 % $ 227,440 10.00 % Actual Required for Capital Minimums To Be “Well Amount Ratio Amount Ratio Amount Ratio As of December 31, 2023 Tier 1 capital (to average assets) Company $ 205,582 8.99 % $ 91,503 4.00 % $ — — Bank $ 274,850 12.01 % $ 91,503 4.00 % $ 114,379 5.00 % CET 1 capital (to risk-weighted assets) Company $ 205,582 9.20 % $ 156,378 7.00 % $ — — Bank $ 274,850 12.30 % $ 156,378 7.00 % $ 145,209 6.50 % Tier 1 capital (to risk-weighted assets) Company $ 205,582 9.20 % $ 189,888 8.50 % $ — — Bank $ 274,850 12.30 % $ 189,888 8.50 % $ 178,718 8.00 % Total capital (to risk-weighted assets) Company $ 319,199 14.29 % $ 234,568 10.50 % $ — — Bank $ 300,467 13.45 % $ 234,568 10.50 % $ 223,398 10.00 %

FAIR VALUE OF ASSETS AND LIAB_2

FAIR VALUE OF ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	March 31, 2024 and December 31, 2023 is as follows: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant March 31, 2024 U.S. Treasury securities $ 8,688 $ — $ 8,688 $ — U.S. Government Sponsored Enterprises (GSEs) 2,181 — 2,181 — State and municipal securities 40,486 — 40,486 — Corporate debt securities 11,331 — 11,331 — Asset based securities 17,615 — 17,615 — Mortgage-backed GSE residential/multifamily and non-GSE 97,078 — 97,078 — Other equity securities 3,638 3,638 — — Interest Rate Products - asset 7,810 — 7,810 — Interest Rate Products - liabilities (7,830) — (7,830) — December 31, 2023 U.S. Treasury securities $ 8,772 $ — $ 8,772 $ — U.S. Government Sponsored Enterprises (GSEs) 2,268 — 2,268 — State and municipal securities 41,069 — 41,069 — Corporate debt securities 11,259 — 11,259 — Asset based securities 18,687 — 18,687 — Mortgage-backed GSE residential/multifamily and non-GSE 96,945 — 96,945 — Other equity securities 3,649 3,649 — — Interest Rate Products - asset 7,691 — 7,691 — Interest Rate Products - liabilities (7,726) — (7,726) — The carrying amount and estimated fair value of the Company’s financial instruments were as follows: March 31, 2024 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 237,123 $ 237,123 $ — $ — Securities available for sale 177,379 — 177,379 — Other equity securities 3,638 3,638 — — Loans held for sale 425 — 425 — Trading assets 7,810 — 7,810 — Loans, net 1,940,005 — 1,898,426 4,162 Bank owned life insurance 30,075 — 30,075 — Annuities 15,939 — 15,939 — Accrued interest receivable 9,561 — 9,561 — Restricted equity securities 5,108 — — 5,108 Financial liabilities: Deposits $ 2,109,798 $ — $ 2,107,741 $ — Trading liabilities 7,830 — 7,830 — FHLB advances 52,000 — 51,969 — Other borrowings 7,997 — 7,997 — Subordinated notes 86,776 — 86,776 — Accrued interest payable 1,805 — 1,805 — Fair Value of Financial Instruments (Continued) December 31, 2023 Estimated Fair Value Carrying Amount Level 1 Level 2 Level 3 Financial assets: Cash and cash equivalents $ 250,651 $ 250,651 $ — $ — Securities available for sale 179,000 — 179,000 — Other equity securities 3,649 3,649 — — Loans held for sale 450 — 450 — Trading assets 7,691 — 7,691 — Loans, net 1,860,130 — 1,824,800 3,095 Bank owned life insurance 29,884 — 29,884 — Annuities 15,036 — 15,036 — Accrued interest receivable 8,711 — 8,711 — Restricted equity securities 5,684 — — 5,684 Financial liabilities: Deposits $ 2,018,189 $ — $ 2,016,506 $ — Trading liabilities 7,726 — 7,726 — FHLB advances 70,000 — 70,029 — Other borrowings 26,994 — 26,994 — Subordinated notes 86,679 — 86,679 — Accrued interest payable 1,519 — 1,519 —
Schedule of Fair Value Measurements, Nonrecurring	March 31, 2024 and December 31, 2023: Fair Value Measurements At Reporting Date Using: Fair Value Quoted Prices Significant Significant March 31, 2024: Individually analyzed loans $ 4,162 $ — $ — $ 4,162 Foreclosed assets 33 — — 33 Totals $ 4,195 $ — $ — $ 4,195 Fair Value Quoted Prices Significant Other Significant December 31, 2023: Individually analyzed loans $ 3,095 $ — $ — $ 3,095 Foreclosed assets 33 — — 33 Totals $ 3,128 $ — $ — $ 3,128
Schedule of Fair Value Measurement Inputs and Valuation Techniques	assets measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023. For Level 3 assets measured at fair value on a nonrecurring basis as of March 31, 2024, 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: Individually analyzed loans $ 4,162 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 33 Appraisal Appraisal discounts (%) 10-15% For Level 3 assets measured at fair value on a nonrecurring basis as of December 31, 2023, 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: Individually analyzed loans $ 3,095 Appraisal Appraisal discounts (%) 15-20% Foreclosed assets $ 33 Appraisal Appraisal discounts (%) 10-15%

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) office	Dec. 31, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Number of loan production offices | office	2
Amortized Cost	$ 19,627,000	$ 19,632,000
Accrued interest receivable on securities	$ 1,241,000	$ 1,147,000
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Accrued interest receivable on loans	$ 8,134,000	$ 7,377,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Accrued interest receivable	Accrued interest receivable
Allowance for credit losses	$ 1,288,000	$ 1,239,000
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 - Schedule of Property, Plant and Equipment (Details)	Mar. 31, 2024
Minimum | Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	10 years
Minimum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	3 years
Maximum | Buildings
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	39 years
Maximum | Furniture and equipment
Property, Plant and Equipment [Line Items]
Premises and equipment, estimated useful life	7 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Basic Earnings Per Share:
Net Income	$ 8,119	$ 7,671
Weighted average common shares outstanding (in shares)	8,913,477	8,762,450
Basic earnings per share (in dollars per share)	$ 0.91	$ 0.87
Diluted Earnings Per Share:
Net income allocated to common shareholders	$ 8,111	$ 7,664
Weighted average common shares outstanding (in shares)	8,913,477	8,762,450
Net dilutive effect of:
Assumed exercises of stock options and vesting of restricted stock units (in shares)	129,645	282,040
Average shares and dilutive potential common shares (in shares)	9,043,122	9,044,490
Dilutive earnings per share (in dollars per share)	$ 0.90	$ 0.85

SECURITIES - Schedule of Amorti

SECURITIES - Schedule of Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 188,732	$ 190,322
Gross Unrealized Gains	322	276
Gross Unrealized Losses	(11,675)	(11,598)
Fair Value	177,379	179,000
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,627	19,632
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,529)	(3,399)
Debt Securities, Held-to-Maturity, Fair Value	16,098	16,233
Total securities
Amortized Cost	208,359	209,954
Gross Unrealized Gains	322	276
Gross Unrealized Losses	(15,204)	(14,997)
Fair Value	193,477	195,233
Debt securities restricted	28,884	27,477
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,710	9,721
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,022)	(949)
Fair Value	8,688	8,772
U.S. Government Sponsored Enterprises (GSEs)
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,364	2,446
Gross Unrealized Gains	26	37
Gross Unrealized Losses	(209)	(215)
Fair Value	2,181	2,268
State and municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	45,051	45,220
Gross Unrealized Gains	14	21
Gross Unrealized Losses	(4,579)	(4,172)
Fair Value	40,486	41,069
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	19,627	19,632
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(3,529)	(3,399)
Debt Securities, Held-to-Maturity, Fair Value	16,098	16,233
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,515	12,517
Gross Unrealized Gains	0	0
Gross Unrealized Losses	(1,184)	(1,258)
Fair Value	11,331	11,259
Asset based securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	17,952	19,112
Gross Unrealized Gains	119	54
Gross Unrealized Losses	(456)	(479)
Fair Value	17,615	18,687
Mortgage-backed GSE residential/multifamily and non-GSE
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	101,140	101,306
Gross Unrealized Gains	163	164
Gross Unrealized Losses	(4,225)	(4,525)
Fair Value	$ 97,078	$ 96,945

SECURITIES - Schedule of Amor_2

SECURITIES - Schedule of Amortized Cost and Fair Value by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amortized Cost
Due in less than one year	$ 2,478	$ 482
Due from one year to five years	10,569	11,671
Due after five to ten years	21,693	22,537
Due after ten years	52,852	54,326
Mortgage-backed securities	101,140	101,306
Amortized Cost	188,732	190,322
Fair Value
Due in less than one year	2,417	476
Due from one year to five years	9,640	10,855
Due after five to ten years	19,524	20,439
Due after ten years	48,720	50,285
Mortgage-backed securities	97,078	96,945
Total securities available for sale	177,379	179,000
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	10,279	7,743
Due after ten years	9,348	11,889
Mortgage-backed securities	0	0
Amortized Cost	19,627	19,632
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	8,500	6,483
Due after ten years	7,598	9,750
Mortgage-backed securities	0	0
Securities held to maturity, at amortized cost ($16,098 at fair value, $0 allowance for credit losses at March 31, 2024; $16,233 at fair value, $0 allowance for credit losses at December 31, 2023)	16,098	16,233
Total securities
Amortized Cost	208,359	209,954
Fair Value	$ 193,477	$ 195,233

SECURITIES - Schedule of Realiz

SECURITIES - Schedule of Realized Gain and Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Investments, Debt and Equity Securities [Abstract]
Gross gains	$ 0	$ 662
Gross losses	(12)	(148)
Net realized gain (loss)	$ (12)	$ 514

SECURITIES - Schedule of Restri

SECURITIES - Schedule of Restricted Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	$ 5,108	$ 5,684
Federal Home Loan Bank stock
Debt and Equity Securities, FV-NI [Line Items]
Restricted equity securities, at cost	4,183	4,759
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 - Schedule of Contin

SECURITIES - Schedule of Continuous Unrealized Loss Position (Details) $ in Thousands	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Gross Unrealized Losses
Less Than Twelve Months	$ (163)	$ (279)
Over Twelve Months	(11,512)	(11,319)
Total Unrealized Losses	(11,675)	(11,598)
Fair Value
Less Than Twelve Months	21,962	25,810
Over Twelve Months	124,287	125,132
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	(3,529)	(3,399)
Total Unrealized Losses	(3,529)	(3,399)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	16,098	16,233
Gross Unrealized Losses
Less Than Twelve Months	(163)	(279)
Over Twelve Months	(15,041)	(14,718)
Total Unrealized Losses	(15,204)	(14,997)
Fair Value
Less Than Twelve Months	21,962	25,810
Over Twelve Months	$ 140,385	141,365
Number of securities in loss position | security	226
U.S. Treasury securities
Gross Unrealized Losses
Less Than Twelve Months	$ 0	0
Over Twelve Months	(1,022)	(949)
Total Unrealized Losses	(1,022)	(949)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	8,688	8,772
U.S. Government Sponsored Enterprises (GSEs)
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	(209)	(215)
Total Unrealized Losses	(209)	(215)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	1,396	1,451
State and municipal securities
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	(4,579)	(4,172)
Total Unrealized Losses	(4,579)	(4,172)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	40,222	40,663
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	(3,529)	(3,399)
Total Unrealized Losses	(3,529)	(3,399)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	16,098	16,233
Corporate debt securities
Gross Unrealized Losses
Less Than Twelve Months	0	0
Over Twelve Months	(1,184)	(1,258)
Total Unrealized Losses	(1,184)	(1,258)
Fair Value
Less Than Twelve Months	0	0
Over Twelve Months	11,331	11,259
Asset based securities
Gross Unrealized Losses
Less Than Twelve Months	(3)	(11)
Over Twelve Months	(453)	(468)
Total Unrealized Losses	(456)	(479)
Fair Value
Less Than Twelve Months	910	1,102
Over Twelve Months	4,884	6,904
Mortgage-backed GSE residential/multifamily and non-GSE
Gross Unrealized Losses
Less Than Twelve Months	(160)	(268)
Over Twelve Months	(4,065)	(4,257)
Total Unrealized Losses	(4,225)	(4,525)
Fair Value
Less Than Twelve Months	21,052	24,708
Over Twelve Months	$ 57,766	$ 56,083

LOANS - Schedule of Composition

LOANS - Schedule of Composition of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 1,971,396	$ 1,890,677
% of Total	100%	100%
Deferred loan fees	$ (6,247)	$ (6,169)
Allowance for credit losses	(25,144)	(24,378)	$ (19,855)	$ (20,156)
Loans, net	1,940,005	1,860,130
Real Estate Mortgages:
Financing Receivable, Credit Quality Indicator [Line Items]
Allowance for credit losses	(20,969)	(19,826)	(15,638)	(14,443)
Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 252,934	$ 242,960
% of Total	12.80%	12.90%
Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 238,702	$ 224,603
% of Total	12.10%	11.90%
Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 1,182,634	$ 1,144,867
% of Total	60%	60.50%
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 288,701	$ 269,961
% of Total	14.70%	14.30%
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
Loans, net of unearned income	$ 8,425	$ 8,286
% of Total	0.40%	0.40%
Allowance for credit losses	$ (87)	$ (86)	$ (107)	$ (71)

LOANS - Narrative (Details)

LOANS - Narrative (Details)	Mar. 31, 2024 segment
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Number of loan portfolio segments	3

LOANS - Schedule of Financing R

LOANS - Schedule of Financing Receivable Credit Quality Indicators (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	$ 80,743	$ 403,750
2023-2022	405,596	576,496
2022-2021	580,726	351,083
2021-2020	343,812	169,732
2020-2021	165,492	78,403
Prior	236,349	166,352
Revolving Loans	158,678	144,861
Total	1,971,396	1,890,677
2024-2023, Write-off	0	424
2023-2022, Write-off	15	57
2022-2021, Write-off	442	169
2021-2020, Write-off	27	44
2020-2021, Write-off	0	0
Prior, Write-off	11	0
Revolving Loans, Write-off	0	3
Total, Write-off	495	697
Collateral dependent loans	20,634	19,846
ACL	1,269	1,366
Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	18,265	16,704
Other
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	2,369	3,142
Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	13,948	48,141
2023-2022	52,983	139,291
2022-2021	140,428	39,679
2021-2020	26,016	1,721
2020-2021	1,735	1,969
Prior	11,294	9,643
Revolving Loans	6,530	2,516
Total	252,934	242,960
2024-2023, Write-off	0	0
2023-2022, Write-off	0	0
2022-2021, Write-off	0	0
2021-2020, Write-off	0	0
2020-2021, Write-off	0	0
Prior, Write-off	0	0
Revolving Loans, Write-off	0	3
Total, Write-off	0	3
Collateral dependent loans	205	210
ACL	29	31
Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	15,864	51,216
2023-2022	50,484	54,728
2022-2021	56,802	23,808
2021-2020	21,604	42,071
2020-2021	41,520	6,649
Prior	18,719	12,945
Revolving Loans	33,709	33,186
Total	238,702	224,603
2024-2023, Write-off	0	0
2023-2022, Write-off	0	0
2022-2021, Write-off	0	0
2021-2020, Write-off	0	0
2020-2021, Write-off	0	0
Prior, Write-off	11	0
Revolving Loans, Write-off	0	0
Total, Write-off	11	0
Collateral dependent loans	967	980
ACL	67	72
Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	31,885	233,494
2023-2022	231,913	328,788
2022-2021	332,617	266,658
2021-2020	277,035	101,690
2020-2021	100,092	64,320
Prior	193,544	135,232
Revolving Loans	15,548	14,685
Total	1,182,634	1,144,867
2024-2023, Write-off	0	0
2023-2022, Write-off	0	0
2022-2021, Write-off	0	0
2021-2020, Write-off	27	0
2020-2021, Write-off	0	0
Prior, Write-off	0	0
Revolving Loans, Write-off	0	0
Total, Write-off	27	0
Collateral dependent loans	17,093	15,514
ACL	769	162
Real Estate Mortgages: | Real Estate | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	205	210
Real Estate Mortgages: | Real Estate | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	967	980
Real Estate Mortgages: | Real Estate | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	17,093	15,514
Real Estate Mortgages: | Other | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	0	0
Real Estate Mortgages: | Other | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	0	0
Real Estate Mortgages: | Other | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	0	0
Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	17,601	68,608
2023-2022	68,407	52,578
2022-2021	49,927	20,646
2021-2020	18,977	24,101
2020-2021	22,087	5,149
Prior	11,506	7,257
Revolving Loans	100,196	91,622
Total	288,701	269,961
2024-2023, Write-off	0	424
2023-2022, Write-off	0	51
2022-2021, Write-off	442	167
2021-2020, Write-off	0	44
2020-2021, Write-off	0	0
Prior, Write-off	0	0
Revolving Loans, Write-off	0	0
Total, Write-off	442	686
Collateral dependent loans	2,352	3,131
ACL	404	1,100
Commercial and industrial | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	0	0
Commercial and industrial | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	2,352	3,131
Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	1,445	2,291
2023-2022	1,809	1,111
2022-2021	952	292
2021-2020	180	149
2020-2021	58	316
Prior	1,286	1,275
Revolving Loans	2,695	2,852
Total	8,425	8,286
2024-2023, Write-off	0	0
2023-2022, Write-off	15	6
2022-2021, Write-off	0	2
2021-2020, Write-off	0	0
2020-2021, Write-off	0	0
Prior, Write-off	0	0
Revolving Loans, Write-off	0	0
Total, Write-off	15	8
Collateral dependent loans	17	11
ACL	0	1
Consumer and other | Real Estate
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	0	0
Consumer and other | Other
Financing Receivable, Credit Quality Indicator [Line Items]
Collateral dependent loans	17	11
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	79,874	402,883
2023-2022	404,767	574,386
2022-2021	579,164	340,412
2021-2020	334,486	164,398
2020-2021	160,263	77,445
Prior	222,497	151,636
Revolving Loans	152,856	141,259
Total	1,933,907	1,852,419
Pass | Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	13,948	48,141
2023-2022	52,983	139,291
2022-2021	140,428	39,679
2021-2020	26,016	1,721
2020-2021	1,735	1,969
Prior	6,875	5,214
Revolving Loans	6,530	2,516
Total	248,515	238,531
Pass | Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	15,864	51,135
2023-2022	50,403	54,610
2022-2021	56,688	23,808
2021-2020	21,604	42,071
2020-2021	41,520	6,496
Prior	18,535	12,883
Revolving Loans	33,602	33,132
Total	238,216	224,135
Pass | Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	31,761	232,834
2023-2022	231,255	328,006
2022-2021	331,937	256,007
2021-2020	268,060	99,067
2020-2021	97,495	63,906
Prior	184,663	125,007
Revolving Loans	15,218	14,685
Total	1,160,389	1,119,512
Pass | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	16,856	68,482
2023-2022	68,317	51,368
2022-2021	49,159	20,626
2021-2020	18,633	21,390
2020-2021	19,455	4,758
Prior	11,138	7,257
Revolving Loans	94,811	88,074
Total	278,369	261,955
Pass | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	1,445	2,291
2023-2022	1,809	1,111
2022-2021	952	292
2021-2020	173	149
2020-2021	58	316
Prior	1,286	1,275
Revolving Loans	2,695	2,852
Total	8,418	8,286
Special Mention
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	860	207
2023-2022	124	350
2022-2021	102	2,840
2021-2020	1,501	5,334
2020-2021	5,229	586
Prior	6,285	8,919
Revolving Loans	4,472	1,873
Total	18,573	20,109
Special Mention | Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	4,419	4,429
Revolving Loans	0	0
Total	4,419	4,429
Special Mention | Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	81
2023-2022	81	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	53	0
Total	134	81
Special Mention | Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	124	0
2023-2022	0	350
2022-2021	102	2,840
2021-2020	1,172	2,623
2020-2021	2,597	414
Prior	1,708	4,490
Revolving Loans	330	0
Total	6,033	10,717
Special Mention | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	736	126
2023-2022	43	0
2022-2021	0	0
2021-2020	329	2,711
2020-2021	2,632	172
Prior	158	0
Revolving Loans	4,089	1,873
Total	7,987	4,882
Special Mention | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Substandard
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	9	660
2023-2022	705	1,760
2022-2021	1,460	7,831
2021-2020	7,825	0
2020-2021	0	372
Prior	7,567	5,797
Revolving Loans	1,350	1,729
Total	18,916	18,149
Substandard | Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Substandard | Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	118
2022-2021	114	0
2021-2020	0	0
2020-2021	0	153
Prior	184	62
Revolving Loans	54	54
Total	352	387
Substandard | Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	660
2023-2022	658	432
2022-2021	578	7,811
2021-2020	7,803	0
2020-2021	0	0
Prior	7,173	5,735
Revolving Loans	0	0
Total	16,212	14,638
Substandard | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	9	0
2023-2022	47	1,210
2022-2021	768	20
2021-2020	15	0
2020-2021	0	219
Prior	210	0
Revolving Loans	1,296	1,675
Total	2,345	3,124
Substandard | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	7	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	7	0
Doubtful
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Real Estate Mortgages: | Construction and development
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Real Estate Mortgages: | Residential
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Real Estate Mortgages: | Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Commercial and industrial
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	0	0
Doubtful | Consumer and other
Financing Receivable, Credit Quality Indicator [Line Items]
2024-2023	0	0
2023-2022	0	0
2022-2021	0	0
2021-2020	0	0
2020-2021	0	0
Prior	0	0
Revolving Loans	0	0
Total	$ 0	$ 0

LOANS - Schedule of Aging Analy

LOANS - Schedule of Aging Analysis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	$ 1,971,396		$ 1,890,677
Nonaccrual with ACL	2,825		347
Nonaccrual without ACL	621		670
Nonaccrual loans interest income	49	$ 11
Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	252,934		242,960
Nonaccrual with ACL	0		0
Nonaccrual without ACL	0		0
Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	238,702		224,603
Nonaccrual with ACL	23		23
Nonaccrual without ACL	223		228
Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,182,634		1,144,867
Nonaccrual with ACL	2,024		324
Nonaccrual without ACL	398		442
Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	288,701		269,961
Nonaccrual with ACL	778		0
Nonaccrual without ACL	0		0
Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	8,425		8,286
Nonaccrual with ACL	0		0
Nonaccrual without ACL	0		0
Current
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,965,921		1,883,954
Current | Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	252,934		242,315
Current | Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	237,530		223,195
Current | Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,179,342		1,140,587
Current | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	287,690		269,598
Current | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	8,425		8,259
Total Past Due
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	2,029		5,706
Total Past Due | Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		645
Total Past Due | Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	926		1,157
Total Past Due | Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	870		3,514
Total Past Due | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	233		363
Total Past Due | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		27
30-59 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	1,791		5,224
30-59 Days | Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		591
30-59 Days | Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	773		1,106
30-59 Days | Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	827		3,245
30-59 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	191		265
30-59 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		17
60-89 Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	238		322
60-89 Days | Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		54
60-89 Days | Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	153		0
60-89 Days | Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	43		160
60-89 Days | Commercial and industrial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	42		98
60-89 Days | Consumer and other
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		10
90+ Days
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		160
90+ Days | Real Estate Mortgages: | Construction and development
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		0
90+ Days | Real Estate Mortgages: | Residential
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		51
90+ Days | Real Estate Mortgages: | Commercial
Financing Receivable, Past Due [Line Items]
Loans, net of unearned income	0		109
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 - Schedule of Allowance f

LOANS - Schedule of Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for credit losses:
Beginning balance	$ 24,378	$ 20,156
Provision (credit) for credit losses	1,236	1,181
Loans charged off	(495)	(224)
Recoveries of loans previously charged off	25	27
Ending balance	25,144	19,855
Allowance for credit losses	1,288		$ 1,239
Impact of adoption of ASC 326
Allowance for credit losses:
Beginning balance		(1,285)
Financing receivable, allowance for credit loss	1,285
Allowance for credit losses	1,288
Real Estate Mortgages:
Allowance for credit losses:
Beginning balance	19,826	14,443
Provision (credit) for credit losses	1,173	2,348
Loans charged off	(38)	0
Recoveries of loans previously charged off	8	11
Ending balance	20,969	15,638
Real Estate Mortgages: | Impact of adoption of ASC 326
Allowance for credit losses:
Beginning balance		(1,164)
Commercial
Allowance for credit losses:
Beginning balance	4,466	5,642
Provision (credit) for credit losses	48	(1,208)
Loans charged off	(442)	(218)
Recoveries of loans previously charged off	16	14
Ending balance	4,088	4,110
Commercial | Impact of adoption of ASC 326
Allowance for credit losses:
Beginning balance		(120)
Consumer
Allowance for credit losses:
Beginning balance	86	71
Provision (credit) for credit losses	15	41
Loans charged off	(15)	(6)
Recoveries of loans previously charged off	1	2
Ending balance	$ 87	107
Consumer | Impact of adoption of ASC 326
Allowance for credit losses:
Beginning balance		$ (1)

LOANS - Schedule of Amortized C

LOANS - Schedule of Amortized Cost Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 206
Percentage of Total Loans	0%	0%
Loans modified, subsequently defaulted	$ 0	$ 0
Unfunded commitments, borrowers with financial difficulty	0	0
Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	89
Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	117
Real Estate Mortgages: | Construction and development
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 206
Percentage of Total Loans	0%	0%
Real Estate Mortgages: | Construction and development | Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 89
Real Estate Mortgages: | Construction and development | Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	117
Real Estate Mortgages: | Residential
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Percentage of Total Loans	0%	0%
Real Estate Mortgages: | Residential | Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Real Estate Mortgages: | Residential | Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	0
Real Estate Mortgages: | Commercial
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Percentage of Total Loans	0%	0%
Real Estate Mortgages: | Commercial | Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Real Estate Mortgages: | Commercial | Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	0
Commercial and industrial
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Percentage of Total Loans	0%	0%
Commercial and industrial | Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Commercial and industrial | Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	0	0
Consumer and other
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Percentage of Total Loans	0%	0%
Consumer and other | Term Extension
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0
Consumer and other | Term Extension and Rate Adjustment
Financing Receivable, Modified [Line Items]
Recorded investment after modification	$ 0	$ 0

DEPOSITS - Schedule of Composit

DEPOSITS - Schedule of Composition of Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Banking and Thrift, Interest [Abstract]
Noninterest-bearing transaction	$ 416,704	$ 437,959
Interest-bearing transaction	974,079	946,347
Savings	33,909	35,412
Time deposits, $250,000 and under	584,658	500,406
Time deposits, over $250,000	100,448	98,065
Total deposits	$ 2,109,798	$ 2,018,189

DEPOSITS - Narrative (Details)

DEPOSITS - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Banking and Thrift, Interest [Abstract]
Brokered deposits	$ 291,017	$ 230,858
Overdrawn deposits reclassified as loans	$ 254	$ 174

DEPOSITS - Schedule of Time Dep

DEPOSITS - Schedule of Time Deposit Maturities (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Banking and Thrift, Interest [Abstract]
April 1, 2024 to March 31, 2025	$ 551,759
April 1, 2025 to March 31, 2026	85,262
April 1, 2026 to March 31, 2027	28,330
April 1, 2027 to March 31, 2028	16,368
April 1, 2028 to March 31, 2029	3,360
Thereafter	27
Total time deposits	$ 685,106

SUBORDINATED NOTES (Details)

SUBORDINATED NOTES (Details) - Subordinated Debt - USD ($)			3 Months Ended
	Oct. 26, 2022	Feb. 07, 2022	Mar. 31, 2024
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			$ 627,000
Amortization period			60 months
Subordinated Notes due February 2032 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		2.05%
Subordinated Notes due October 2032
Debt Instrument [Line Items]
Face amount	$ 40,000,000
Interest rate, stated percentage	7%
Debt issuance costs, gross	$ 832,000
Debt issuance costs, net			$ 597,000
Amortization period			60 months
Subordinated Notes due October 2032 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
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	3 Months Ended
	Mar. 31, 2024 USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral already posted	$ 7,360
Gain recognized in income from fair value adjustment	$ 15
Derivative Gain, Statement Of Income Or Comprehensive Income Extensible Enumeration, Not Disclosed Flag	gain recognized in income on derivatives
Gain recognized in income from fee income	$ 0
Fair value of derivatives in a net liability position	7,984
Termination value	7,984
Required collateral	$ 7,360

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Fair Values of Derivative Instruments on the Balance Sheet (Details) - Interest Rate Products - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Other Assets
Notional Amount	$ 105,636	$ 104,180
Fair Value	7,810	7,691
Other Liabilities
Notional Amount	105,636	104,180
Fair Value	$ (7,830)	$ (7,726)

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 427,164	$ 504,781
Commitments to extend credit
Guarantor Obligations [Line Items]
Exposure to credit loss	422,436	501,935
Standby letters of credit
Guarantor Obligations [Line Items]
Exposure to credit loss	$ 4,728	$ 2,846

CONCENTRATIONS OF CREDIT (Detai

CONCENTRATIONS OF CREDIT (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 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	$ 61,575
Commitments to expend in excess of capital, unsecured basis, percentage	10%
Commitments to expend in excess of capital, unsecured basis	$ 30,788
Real Estate Mortgages: | Financing Receivable | Loan Portfolio Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	85%

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - shares	Mar. 31, 2024	Dec. 31, 2023
Equity [Abstract]
Common stock issued (in shares)	8,894,794	8,841,349
Common stock outstanding (in shares)	8,894,794	8,841,349

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Company
Tier 1 capital (to average assets)
Actual amount	$ 213,603	$ 205,582
Actual ratio	0.0879	0.0899
Required for capital adequacy purposes, amount	$ 97,230	$ 91,503
Required for capital adequacy purposes, ratio	0.0400	0.0400
CET 1 capital (to risk-weighted assets)
Actual amount	$ 213,603	$ 205,582
Actual ratio	0.0939	0.0920
Required for capital adequacy purposes, amount	$ 159,208	$ 156,378
Required for capital adequacy purposes, ratio	0.0700	0.0700
Tier 1 capital (to risk-weighted assets)
Actual amount	$ 213,603	$ 205,582
Actual ratio	0.0939	0.0920
Required for capital adequacy purposes, amount	$ 193,324	$ 189,888
Required for capital adequacy purposes, ratio	0.0850	0.0850
Total capital (to risk-weighted assets)
Actual amount	$ 328,035	$ 319,199
Actual ratio	0.1442	0.1429
Required for capital adequacy purposes, amount	$ 238,811	$ 234,568
Required for capital adequacy purposes, ratio	0.1050	0.1050
The Bank
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Retained earnings available for dividend declaration without regulatory approval	$ 80,604
Tier 1 capital (to average assets)
Actual amount	$ 283,596	$ 274,850
Actual ratio	0.1167	0.1201
Required for capital adequacy purposes, amount	$ 97,230	$ 91,503
Required for capital adequacy purposes, ratio	0.0400	0.0400
Minimums to be “well capitalized” under prompt corrective action, amount	$ 121,537	$ 114,379
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0500	0.0500
CET 1 capital (to risk-weighted assets)
Actual amount	$ 283,596	$ 274,850
Actual ratio	0.1247	0.1230
Required for capital adequacy purposes, amount	$ 159,208	$ 156,378
Required for capital adequacy purposes, ratio	0.0700	0.0700
Minimums to be “well capitalized” under prompt corrective action, amount	$ 147,836	$ 145,209
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0650	0.0650
Tier 1 capital (to risk-weighted assets)
Actual amount	$ 283,596	$ 274,850
Actual ratio	0.1247	0.1230
Required for capital adequacy purposes, amount	$ 193,324	$ 189,888
Required for capital adequacy purposes, ratio	0.0850	0.0850
Minimums to be “well capitalized” under prompt corrective action, amount	$ 181,952	$ 178,718
Minimums to be “well capitalized” under prompt corrective action, ratio	0.0800	0.0800
Total capital (to risk-weighted assets)
Actual amount	$ 310,028	$ 300,467
Actual ratio	0.1363	0.1345
Required for capital adequacy purposes, amount	$ 238,811	$ 234,568
Required for capital adequacy purposes, ratio	0.1050	0.1050
Minimums to be “well capitalized” under prompt corrective action, amount	$ 227,440	$ 223,398
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 - Schedule of Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 177,379	$ 179,000
Other equity securities, at fair value	$ 3,638	$ 3,649
Derivative Asset, Statement Of Financial Position, Extensible Enumeration, Not Disclosed Flag	Interest Rate Products - asset	Interest Rate Products - asset
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, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0
Other equity securities, at fair value	3,638	3,649
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	177,379	179,000
Other equity securities, at fair value	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Other equity securities, at fair value	0	0
Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	3,638	3,649
Interest Rate Products - asset	7,810	7,691
Interest Rate Products - liabilities	(7,830)	(7,726)
Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	3,638	3,649
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other equity securities, at fair value	0	0
Interest Rate Products - asset	7,810	7,691
Interest Rate Products - liabilities	(7,830)	(7,726)
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	0	0
Interest Rate Products - asset	0	0
Interest Rate Products - liabilities	0	0
U.S. Treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,688	8,772
U.S. Treasury securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,688	8,772
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,688	8,772
U.S. Treasury securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
U.S. Government Sponsored Enterprises (GSEs)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,181	2,268
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,181	2,268
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,181	2,268
U.S. Government Sponsored Enterprises (GSEs) | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
State and municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,486	41,069
State and municipal securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,486	41,069
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,486	41,069
State and municipal securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	11,331	11,259
Corporate debt securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	11,331	11,259
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	11,331	11,259
Corporate debt securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Asset based securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	17,615	18,687
Asset based securities | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	17,615	18,687
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	17,615	18,687
Asset based securities | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	97,078	96,945
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	97,078	96,945
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0	0
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	97,078	96,945
Mortgage-backed GSE residential/multifamily and non-GSE | Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0	$ 0

FAIR VALUE OF ASSETS AND LIAB_4

FAIR VALUE OF ASSETS AND LIABILITIES - Schedule of Fair Value Measurements, Nonrecurring (Details) - Fair Value, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 4,195	$ 3,128
Individually analyzed loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	4,162	3,095
Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	33	33
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 | Individually analyzed 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 | Individually analyzed loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 2 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	4,195	3,128
Fair Value, Inputs, Level 3 | Individually analyzed loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	4,162	3,095
Fair Value, Inputs, Level 3 | Foreclosed assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying Amount	$ 33	$ 33

FAIR VALUE OF ASSETS AND LIAB_5

FAIR VALUE OF ASSETS AND LIABILITIES - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying Amount	$ 4,195	$ 3,128
Individually analyzed loans | Measurement Input, Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.15	0.15
Individually analyzed loans | Measurement Input, Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.20	0.20
Individually analyzed loans | Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying Amount	$ 4,162	$ 3,095
Foreclosed assets | Measurement Input, Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.10	0.10
Foreclosed assets | Measurement Input, Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Weighted Average of Input	0.15	0.15
Foreclosed assets | Fair Value, Nonrecurring
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Carrying Amount	$ 33	$ 33

FAIR VALUE OF ASSETS AND LIAB_6

FAIR VALUE OF ASSETS AND LIABILITIES - Schedule of Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Cash and cash equivalents	$ 237,123	$ 250,651
Securities available for sale	177,379	179,000
Other equity securities	3,638	3,649
Loans held for sale	425	450
Trading assets	7,810	7,691
Loans, net	1,940,005	1,860,130
Bank owned life insurance	30,075	29,884
Annuities	15,939	15,036
Accrued interest receivable	9,561	8,711
Restricted equity securities, at cost	5,108	5,684
Financial liabilities:
Deposits	2,109,798	2,018,189
Trading liabilities	7,830	7,726
FHLB advances	52,000	70,000
Other borrowings	7,997	26,994
Subordinated notes	86,776	86,679
Accrued interest payable	1,805	1,519
Fair Value, Inputs, Level 1
Financial assets:
Cash and cash equivalents	237,123	250,651
Securities available for sale	0	0
Other equity securities	3,638	3,649
Loans held for sale	0	0
Trading assets	0	0
Loans, net	0	0
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities, at cost	0	0
Financial liabilities:
Deposits	0	0
Trading liabilities	0	0
FHLB advances	0	0
Other borrowings	0	0
Subordinated notes	0	0
Accrued interest payable	0	0
Fair Value, Inputs, Level 2
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	177,379	179,000
Other equity securities	0	0
Loans held for sale	425	450
Trading assets	7,810	7,691
Loans, net	1,898,426	1,824,800
Bank owned life insurance	30,075	29,884
Annuities	15,939	15,036
Accrued interest receivable	9,561	8,711
Restricted equity securities, at cost	0	0
Financial liabilities:
Deposits	2,107,741	2,016,506
Trading liabilities	7,830	7,726
FHLB advances	51,969	70,029
Other borrowings	7,997	26,994
Subordinated notes	86,776	86,679
Accrued interest payable	1,805	1,519
Fair Value, Inputs, Level 3
Financial assets:
Cash and cash equivalents	0	0
Securities available for sale	0	0
Other equity securities	0	0
Loans held for sale	0	0
Trading assets	0	0
Loans, net	4,162	3,095
Bank owned life insurance	0	0
Annuities	0	0
Accrued interest receivable	0	0
Restricted equity securities, at cost	5,108	5,684
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