Bank First (BFC) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 10, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-38676
Entity Registrant Name	Bank First Corp
Entity Incorporation, State or Country Code	WI
Entity Tax Identification Number	39-1435359
Entity Address, Address Line One	402 North 8th Street
Entity Address, City or Town	Manitowoc
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	54220
City Area Code	920
Local Phone Number	652-3100
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	BFC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,524,825
Entity Central Index Key	0001746109
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 28,890	$ 29,171
Interest-bearing deposits	78,469	267,689
Cash and cash equivalents	107,359	296,860
Securities held to maturity, at amortized cost ($5,845 and $5,922 fair value at March 31, 2022 and December 31, 2021, respectively)	5,841	5,911
Securities available for sale, at fair value	297,063	212,689
Loans held for sale	371	786
Loans, net	2,294,939	2,215,199
Premises and equipment, net	50,068	49,461
Goodwill	55,357	55,357
Other investments	19,563	9,004
Cash value of life insurance	32,084	31,897
Identifiable intangible assets, net	3,742	4,035
Mortgage Servicing Rights ("MSR")	5,466	5,016
Other real estate owned ("OREO")		150
Investment in minority-owned subsidiaries	43,552	42,935
Other assets	9,531	8,252
TOTAL ASSETS	2,924,936	2,937,552
Deposits:
Interest-bearing deposits	1,758,849	1,728,504
Noninterest-bearing deposits	798,257	799,936
Total deposits	2,557,106	2,528,440
Securities sold under repurchase agreements	13,130	41,122
Notes payable	7,747	8,011
Subordinated notes	17,500	17,500
Other liabilities	11,150	19,826
Total liabilities	2,606,633	2,614,899
Stockholders' equity:
Serial preferred stock - $0.01 par value Authorized - 5,000,000 shares	0	0
Common stock - $0.01 par value Authorized - 20,000,000 shares Issued - 8,478,383 shares as of March 31, 2022 and December 31, 2021 Outstanding - 7,570,766 and 7,616,540 shares as of March 31, 2022 and December 31, 2021, respectively	85	85
Additional paid-in capital	92,166	93,149
Retained earnings	266,614	258,104
Treasury stock, at cost - 907,617 and 861,843 shares as of March 31, 2022 and December 31, 2021, respectively	(35,972)	(32,294)
Accumulated other comprehensive income	(4,590)	3,609
Total stockholders' equity	318,303	322,653
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 2,924,936	$ 2,937,552

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Held-to-maturity, Fair Value	$ 5,845	$ 5,922
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	8,478,383	8,478,383
Common Stock, Shares, Outstanding	7,570,766	7,616,540
Treasury Stock, Shares	907,617	861,843
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans, including fees	$ 22,306	$ 23,276
Securities:
Taxable	1,288	655
Tax-exempt	449	472
Other	177	39
Total interest income	24,220	24,442
Interest expense:
Deposits	1,562	2,150
Securities sold under repurchase agreements	2	3
Borrowed funds	366	186
Total interest expense	1,930	2,339
Net interest income	22,290	22,103
Provision for loan losses	1,200	900
Net interest income after provision for loan losses	21,090	21,203
Noninterest income:
Service charges	1,422	1,467
Income from Ansay and Associates, LLC ("Ansay")	826	725
Income from UFS, LLC ("UFS")	705	366
Loan servicing income	1,062	505
Net gain on sales of mortgage loans	671	2,811
Net gain on sales and valuations of OREO	171	133
Other	377	336
Total noninterest income	5,234	6,343
Noninterest expense:
Salaries, commissions, and employee benefits	7,175	7,091
Occupancy	1,115	1,210
Data processing	1,345	1,393
Postage, stationery, and supplies	183	197
Advertising	89	49
Charitable contributions	168	126
Outside service fees	1,172	755
Amortization of intangibles	293	351
Other	1,191	1,186
Total noninterest expense	12,731	12,358
Income before provision for income taxes	13,593	15,188
Provision for income taxes	3,410	3,674
Net Income	$ 10,183	$ 11,514
Earnings per share - basic	$ 1.34	$ 1.49
Earnings per share - diluted	1.34	1.49
Dividends per share	$ 0.22	$ 0.21

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Consolidated Statements of Comprehensive Income
Net Income	$ 10,183	$ 11,514
Unrealized losses on available for sale securities:
Unrealized holding losses arising during period	(11,232)	(1,693)
Income tax benefit	3,033	457
Total other comprehensive loss	(8,199)	(1,236)
Comprehensive income	$ 1,984	$ 10,278

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($) $ in Thousands	Serial Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Dec. 31, 2020	$ 0	$ 85	$ 92,847	$ 221,393	$ (25,227)	$ 5,759	$ 294,857
Net income	0	0	0	11,514	0	0	11,514
Other comprehensive loss	0	0	0	0	0	(1,236)	(1,236)
Purchase of treasury stock	0	0	0	0	(402)	0	(402)
Sale of treasury stock	0	0	0	0	(23)	0	(23)
Cash dividends	0	0	0	(1,618)	0	0	(1,618)
Amortization of stock-based compensation	0	0	304	0	0	0	304
Vesting of restricted stock awards	0	0	(1,046)	0	1,046	0	0
Balance at Mar. 31, 2021	0	85	92,105	231,289	(24,560)	4,523	303,442
Balance at Dec. 31, 2021	0	85	93,149	258,104	(32,294)	3,609	322,653
Net income	0	0	0	10,183	0	0	10,183
Other comprehensive loss	0	0	0	0	0	(8,199)	(8,199)
Purchase of treasury stock	0	0	0	0	(5,018)	0	(5,018)
Sale of treasury stock	0	0	0	0	(37)	0	(37)
Cash dividends	0	0	0	(1,673)	0	0	(1,673)
Amortization of stock-based compensation	0	0	320	0	0	0	320
Vesting of restricted stock awards	0	0	(1,303)	0	1,303	0	0
Balance at Mar. 31, 2022	$ 0	$ 85	$ 92,166	$ 266,614	$ (35,972)	$ (4,590)	$ 318,303

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	Mar. 31, 2022	Mar. 31, 2021
Consolidated Statements of Stockholders' Equity
Dividends Payable, Amount Per Share	$ 0.22	$ 0.21

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 10,183	$ 11,514
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	1,200	900
Depreciation and amortization of premises and equipment	398	508
Amortization of intangibles	293	351
Net amortization of securities	176	183
Amortization of stock-based compensation	320	304
Accretion of purchase accounting valuations	(554)	(242)
Net change in deferred loan fees and costs	(510)	1,014
Change in fair value of mortgage servicing rights ("MSR") and other investments	(623)	467
Gain on sale and disposal of premises and equipment	0	(62)
Gain on sale of OREO and valuation allowance	(171)	(133)
Proceeds from sales of mortgage loans	36,304	97,619
Originations of mortgage loans held for sale	(35,218)	(94,940)
Gain on sales of mortgage loans	(671)	(2,811)
Undistributed income of UFS joint venture	(705)	(366)
Undistributed income of Ansay joint venture	(826)	(725)
Net earnings on life insurance	(187)	(192)
Decrease in other assets	1,754	967
Decrease in other liabilities	(8,676)	(8,223)
Net cash provided by operating activities	2,487	6,133
Activity in securities available for sale and held to maturity:
Maturities, prepayments, and calls	5,881	5,550
Purchases	(101,593)	(9,576)
Net increase in loans	(80,183)	(38,348)
Dividends received from UFS	460	565
Dividends received from Ansay	454	456
Proceeds from sale of OREO	321	1,101
Net purchases of Federal Home Loan Bank ("FHLB") stock	(10,386)	0
Proceeds from sale of premises and equipment	0	367
Purchases of premises and equipment	(1,005)	(1,237)
Net cash used in investing activities	(186,051)	(41,122)
Cash flows from financing activities, net of effects of business combination:
Net increase in deposits	28,959	127,167
Net increase (decrease) in securities sold under repurchase agreements	(27,992)	11,254
Proceeds from advances of notes payable	1,500,000	0
Repayment of notes payable	(1,500,250)	(10,480)
Dividends paid	(1,673)	(1,618)
Proceeds from sales of common stock	37	23
Repurchase of common stock	(5,018)	(402)
Net cash provided by (used in) financing activities	(5,937)	125,944
Net increase (decrease) in cash and cash equivalents	(189,501)	90,955
Cash and cash equivalents at beginning of period	296,860	170,219
Cash and cash equivalents at end of period	107,359	261,174
Cash paid during the period for:
Interest	1,916	2,508
Supplemental schedule of noncash activities:
MSR resulting from sale of loans	269	560
Change in unrealized gains and losses on investment securities available for sale, net of tax	$ (8,199)	$ (1,236)

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
BASIS OF PRESENTATION
BASIS OF PRESENTATION	NOTE 1 – BASIS OF PRESENTATION Bank First Corporation (the “Company”) provides a variety of financial services to individual and corporate customers through its wholly-owned subsidiary, Bank First, N.A. (the “Bank”). The Bank operates as a full-service financial institution with a primary market area including, but not limited to, the counties in which the Bank’s branches are located. The Bank has twenty-one locations located in Manitowoc, Outagamie, Brown, Winnebago, Sheboygan, Waupaca, Ozaukee, Monroe, and Jefferson counties in Wisconsin. The Company and Bank are subject to the regulations of certain federal agencies and undergo periodic examinations by those regulatory authorities. These interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures required by GAAP have been omitted or abbreviated. These unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (“Annual Report”). The unaudited consolidated financial statements include all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods. The results for interim periods are not necessarily indicative of results for a full year. Critical Accounting Policies and Estimates Preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, the allowance for loan losses (“ALL”), valuation of loans in acquisition transactions, useful lives for depreciation and amortization, fair value of financial instruments, other-than-temporary impairment calculations, valuation of deferred tax assets, uncertain income tax positions and contingencies. Estimates that are particularly susceptible to significant change for the Company include the determination of the ALL, the determination and assessment of deferred tax assets and liabilities, and the valuation of loans acquired in acquisition transactions; therefore, these are critical accounting policies. Factors that may cause sensitivity to the aforementioned estimates include but are not limited to: external market factors such as market interest rates and employment rates, changes to operating policies and procedures, changes in applicable banking or tax regulations, and changes to deferred tax estimates. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period presented. There have been no material changes or developments with respect to the assumptions or methodologies that the Company uses when applying what management believes are critical accounting policies and developing critical accounting estimates as previously disclosed in the Company’s Annual Report. Recently Issued Not Yet Effective Accounting Standards In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” Certain aspects of this ASU were updated in November 2018 by the issuance of ASU 2018-19, “Codification Improvements to Topic 326, Financial Instruments-Credit Losses”. The main objective of the ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in the ASU replace the incurred loss impairment methodology in current GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. During 2019 FASB issued ASU 2019-10 which delayed the effective date of ASU 2016-13 for smaller, publicly traded companies, until interim and annual periods beginning after December 15, 2022. This delay applies to the Company as it was classified as a “Smaller reporting company” as defined in Rule 12b-2 of the Exchange Act as of the date ASU 2019-10 was enacted. During the first half of 2019 the Company engaged a third-party partner to assist it in implementation of this standard. Over the last three years significant progress has been made working through the assumptions, drivers, documentation and other mechanics for the calculation of the Company’s ALL under ASU 2016-13. Throughout this process, Management has evaluated the impact of this update. While the general expectation in the banking industry is that the implementation of this standard will result in higher required balances within the ALL, it is not anticipated to have a significant impact on the Company’s overall ALL balances. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2022
ACQUISITIONS
ACQUISITIONS	NOTE 2 – ACQUISITIONS On January 18, 2022, the Company entered into an Agreement and Plan of Merger with Denmark Bancshares, Inc. (“Denmark”), a Wisconsin Corporation, under which Denmark will merge with and into the Company and Denmark’s banking subsidiary, Denmark State Bank, will merge with and into the Bank. The transaction is expected to close during the third quarter of 2022, and is subject to, among other items, approval by the shareholders of both institutions and regulatory agencies. Merger consideration will consist of up to 20% cash and no less than 80% common stock of the Company, and will total approximately $119 million, subject to the fair market value of the Company’s common stock on the date of closing. Based on results as of March 31, 2022, the combined company would have total assets of approximately $3.61 billion, loans of approximately $2.79 billion and deposits of approximately $3.17 billion. For more information concerning the Company’s acquisitions, see “Note 2 – Acquisition” in the Company’s audited consolidated financial statements included in the Company’s Annual Report. ​

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 3 – EARNINGS PER SHARE The two-class method is used in the calculation of basic and diluted earnings per share. Under the two-class method, earnings available to common shareholders for the period are allocated between common shareholders and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings. There were no anti-dilutive stock options for the three months ended March 31, 2022 or 2021. The following table presents the factors used in the earnings per share computations for the period indicated: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2022 2021 Basic ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 10,183 ​ $ 11,514 Less: Earnings allocated to participating securities ​ ​ (79) ​ ​ (88) Net income allocated to common shareholders ​ $ 10,104 ​ $ 11,426 ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 7,599,382 ​ ​ 7,716,424 Less: Participating securities (1) ​ ​ (59,119) ​ ​ (59,123) Average shares ​ ​ 7,540,263 ​ ​ 7,657,301 ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.34 ​ $ 1.49 ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 10,183 ​ $ 11,514 ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 7,540,263 ​ ​ 7,657,301 Add: Dilutive effects of stock based compensation awards ​ ​ 18,956 ​ ​ 20,675 Average shares and dilutive potential common shares ​ ​ 7,559,219 ​ ​ 7,677,976 Diluted earnings per common share ​ $ 1.34 ​ $ 1.49 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES

SECURITIES	3 Months Ended
	Mar. 31, 2022
SECURITIES
SECURITIES	NOTE 4 – SECURITIES The following is a summary of available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ March 31, 2022 ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 149,576 ​ $ — ​ $ (3,466) ​ $ 146,110 ​ Obligations of U.S. Government sponsored agencies ​ 25,398 ​ — ​ (1,555) ​ 23,843 ​ Obligations of states and political subdivisions ​ ​ 81,173 ​ ​ 1,009 ​ ​ (2,285) ​ ​ 79,897 ​ Mortgage-backed securities ​ ​ 25,105 ​ ​ 219 ​ ​ (121) ​ ​ 25,203 ​ Corporate notes ​ 20,580 ​ 389 ​ (470) ​ 20,499 ​ Certificates of deposit ​ ​ 1,520 ​ ​ — ​ ​ (9) ​ ​ 1,511 ​ Total available for sale securities ​ $ 303,352 ​ $ 1,617 ​ $ (7,906) ​ $ 297,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 49,574 ​ $ 121 ​ $ (193) ​ $ 49,502 ​ Obligations of U.S. Government sponsored agencies ​ ​ 26,722 ​ ​ 165 ​ ​ (341) ​ ​ 26,546 ​ Obligations of states and political subdivisions ​ ​ 83,019 ​ ​ 3,786 ​ ​ (67) ​ ​ 86,738 ​ Mortgage-backed securities ​ 26,143 ​ 1,117 ​ (1) ​ 27,259 ​ Corporate notes ​ 20,760 ​ 436 ​ (94) ​ 21,102 ​ Certificates of deposit ​ ​ 1,529 ​ ​ 13 ​ ​ — ​ ​ 1,542 ​ Total available for sale securities ​ $ 207,747 ​ $ 5,638 ​ $ (696) ​ $ 212,689 ​ ​ The following is a summary of held to maturity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 5,841 ​ $ 4 ​ $ — ​ $ 5,845 December 31, 2021 ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 5,911 ​ $ 11 ​ $ — ​ $ 5,922 ​ The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 146,110 ​ $ (3,466) ​ $ — ​ $ — ​ $ 146,110 ​ $ (3,466) Obligations of U.S. Government sponsored agencies ​ ​ 19,674 ​ ​ (1,001) ​ ​ 4,169 ​ ​ (554) ​ ​ 23,843 ​ ​ (1,555) Obligations of states and political subdivisions ​ ​ 40,641 ​ ​ (2,285) ​ ​ — ​ ​ — ​ ​ 40,641 ​ ​ (2,285) Mortgage-backed securities ​ 12,028 ​ (121) ​ — ​ — ​ 12,028 ​ (121) Corporate notes ​ 13,806 ​ (470) ​ — ​ — ​ 13,806 ​ (470) Certificate of Deposits ​ ​ 1,011 ​ ​ (9) ​ ​ — ​ ​ — ​ ​ 1,011 ​ ​ (9) Totals ​ $ 233,270 ​ $ (7,352) ​ $ 4,169 ​ $ (554) ​ $ 237,439 ​ $ (7,906) December 31, 2021 - Available for Sale ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 34,746 ​ $ (193) ​ $ — ​ $ — ​ $ 34,746 ​ $ (193) Obligations of U.S. Government sponsored agencies ​ ​ 13,185 ​ ​ (86) ​ ​ 4,558 ​ ​ (255) ​ ​ 17,743 ​ ​ (341) Obligations of states and political subdivisions ​ ​ 8,624 ​ ​ (67) ​ ​ — ​ ​ — ​ ​ 8,624 ​ ​ (67) Mortgage-backed securities ​ 254 ​ (1) ​ — ​ — ​ 254 ​ (1) Corporate notes ​ 8,973 ​ (94) ​ — ​ — ​ 8,973 ​ (94) Totals ​ $ 65,782 ​ $ (441) ​ $ 4,558 ​ $ (255) ​ $ 70,340 ​ $ (696) ​ As of March 31, 2022, the Company does not consider its securities with unrealized losses to be other-than-temporarily impaired, as the unrealized losses in each category have occurred as a result of changes in interest rates, market spreads and market conditions subsequent to purchase, not credit deterioration. The Company has the intent and ability to hold its securities to maturity or until par is recovered. There were no other-than-temporary impairments charged to earnings during the three months ended March 31, 2022 or 2021. The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of March 31, 2022. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Estimated Amortized Estimated ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due in one year or less ​ $ 100,792 ​ $ 100,458 ​ $ 915 ​ $ 917 Due after one year through 5 years ​ 15,351 ​ 15,527 ​ ​ 3,222 ​ ​ 3,224 Due after 5 years through ten years ​ 88,204 ​ 84,383 ​ ​ 1,704 ​ ​ 1,704 Due after 10 years ​ 73,900 ​ 71,492 ​ ​ — ​ ​ — Subtotal ​ 278,247 ​ 271,860 ​ ​ 5,841 ​ ​ 5,845 Mortgage-backed securities ​ 25,105 ​ 25,203 ​ ​ — ​ ​ — Total ​ $ 303,352 ​ $ 297,063 ​ $ 5,841 ​ $ 5,845 ​ There were no sales of securities available for sale or held to maturity for the three months ended March 31, 2022 or 2021.

LOANS, ALLOWANCE FOR LOAN LOSSE

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY	3 Months Ended
	Mar. 31, 2022
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY	NOTE 5 – LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY The following table presents total loans by portfolio segment and class of loan as of March 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2022 2021 Commercial/industrial ​ $ 365,884 ​ $ 367,284 Commercial real estate - owner occupied ​ 606,910 ​ 574,960 Commercial real estate - non-owner occupied ​ 550,569 ​ 537,077 Construction and development ​ 151,984 ​ 132,675 Residential 1‑4 family ​ 588,046 ​ 571,749 Consumer ​ 32,995 ​ 31,992 Other ​ 21,502 ​ 21,489 Subtotals ​ 2,317,890 ​ 2,237,226 ALL ​ (21,749) ​ (20,315) Loans, net of ALL ​ 2,296,141 ​ 2,216,911 Deferred loan fees and costs ​ (1,202) ​ (1,712) Loans, net ​ $ 2,294,939 ​ $ 2,215,199 ​ A summary of the activity in the ALL by loan type as of March 31, 2022 and 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate  - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ALL - January 1, 2022 ​ $ 3,699 ​ $ 5,633 ​ $ 5,151 ​ $ 984 ​ $ 4,445 ​ $ 224 ​ $ 179 ​ $ 20,315 Charge-offs ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ (3) ​ (3) Recoveries ​ 2 ​ ​ 74 ​ ​ 3 ​ 152 ​ 2 ​ — ​ 4 ​ 237 Provision ​ 94 ​ ​ 804 ​ ​ 65 ​ (6) ​ 242 ​ 6 ​ (5) ​ 1,200 ALL - March 31, 2022 ​ 3,795 ​ ​ 6,511 ​ ​ 5,219 ​ 1,130 ​ 4,689 ​ 230 ​ 175 ​ 21,749 ALL ending balance individually evaluated for impairment ​ 82 ​ ​ — ​ ​ 831 ​ — ​ — ​ — ​ — ​ 913 ALL ending balance collectively evaluated for impairment ​ $ 3,713 ​ $ 6,511 ​ $ 4,388 ​ $ 1,130 ​ $ 4,689 ​ $ 230 ​ $ 175 ​ $ 20,836 Loans outstanding - March 31, 2022 ​ $ 365,884 ​ $ 606,910 ​ $ 550,569 ​ $ 151,984 ​ $ 588,046 ​ $ 32,995 ​ $ 21,502 ​ $ 2,317,890 Loans ending balance individually evaluated for impairment ​ 715 ​ ​ 2,635 ​ ​ 1,455 ​ — ​ 225 ​ — ​ — ​ 5,030 Loans ending balance collectively evaluated for impairment ​ $ 365,169 ​ $ 604,275 ​ $ 549,114 ​ $ 151,984 ​ $ 587,821 ​ $ 32,995 ​ $ 21,502 ​ $ 2,312,860 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ALL - January 1, 2021 ​ $ 2,049 ​ $ 6,108 ​ $ 3,904 ​ $ 1,027 ​ $ 3,960 ​ $ 201 ​ $ 409 ​ $ 17,658 Charge-offs ​ — ​ ​ (24) ​ ​ — ​ — ​ — ​ — ​ (10) ​ (34) Recoveries ​ 2 ​ ​ — ​ ​ — ​ — ​ 4 ​ — ​ 1 ​ 7 Provision ​ 395 ​ ​ 261 ​ ​ (58) ​ 158 ​ 157 ​ — ​ (13) ​ 900 ALL - March 31, 2021 ​ 2,446 ​ ​ 6,345 ​ ​ 3,846 ​ 1,185 ​ 4,121 ​ 201 ​ 387 ​ 18,531 ALL ending balance individually evaluated for impairment ​ 15 ​ ​ — ​ ​ 737 ​ — ​ — ​ — ​ — ​ 752 ALL ending balance collectively evaluated for impairment ​ $ 2,431 ​ $ 6,345 ​ $ 3,109 ​ $ 1,185 ​ $ 4,121 ​ $ 201 ​ $ 387 ​ $ 17,779 Loans outstanding - March 31, 2021 ​ $ 474,920 ​ $ 552,779 ​ $ 444,182 ​ $ 136,277 ​ $ 554,353 ​ $ 29,736 ​ $ 40,579 ​ $ 2,232,826 Loans ending balance individually evaluated for impairment ​ 1,257 ​ ​ 1,149 ​ ​ 9,331 ​ — ​ 260 ​ — ​ — ​ 11,997 Loans ending balance collectively evaluated for impairment ​ $ 473,663 ​ $ 551,630 ​ $ 434,851 ​ $ 136,277 ​ $ 554,093 ​ $ 29,736 ​ $ 40,579 ​ $ 2,220,829 ​ The Company’s past due loans as of March 31, 2022 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total Commercial/industrial ​ $ 164 ​ $ 749 ​ $ 233 ​ $ 1,146 Commercial real estate - owner occupied ​ — ​ — ​ 3,804 ​ 3,804 Commercial real estate - non-owner occupied ​ 64 ​ — ​ — ​ 64 Construction and development ​ 501 ​ — ​ 18 ​ 519 Residential 1‑4 family ​ 830 ​ 198 ​ 431 ​ 1,459 Consumer ​ 9 ​ 14 ​ 1 ​ 24 Other ​ — ​ — ​ — ​ — ​ ​ $ 1,568 ​ $ 961 ​ $ 4,487 ​ $ 7,016 ​ The Company’s past due loans as of December 31, 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total Commercial/industrial ​ $ 12 ​ $ 738 ​ $ 247 ​ $ 997 Commercial real estate - owner occupied ​ — ​ — ​ 5,884 ​ 5,884 Commercial real estate - non-owner occupied ​ 65 ​ — ​ 650 ​ 715 Construction and development ​ — ​ — ​ 19 ​ 19 Residential 1‑4 family ​ 2,002 ​ 245 ​ 439 ​ 2,686 Consumer ​ 2 ​ 16 ​ 2 ​ 20 Other ​ — ​ — ​ — ​ — ​ ​ $ 2,081 ​ $ 999 ​ $ 7,241 ​ $ 10,321 ​ The Company utilizes a numerical risk rating system for commercial relationships. All other types of relationships (ex: residential, consumer, other) are assigned a “Pass” rating, unless they have fallen 90 days past due or more, at which time they receive a rating of 7. The Company uses split ratings for government guaranties on loans. The portion of a loan that is supported by a government guaranty is included with other Pass credits. The determination of a commercial loan risk rating begins with completion of a matrix, which assigns scores based on the strength of the borrower’s debt service coverage, collateral coverage, balance sheet leverage, industry outlook, and customer concentration. A weighted average is taken of these individual scores to arrive at the overall rating. This rating is subject to adjustment by the loan officer based on facts and circumstances pertaining to the borrower. Risk ratings are subject to independent review. Commercial borrowers with ratings between 1 and 5 are considered Pass credits, with 1 being most acceptable and 5 being just above the minimum level of acceptance. Commercial borrowers rated 6 have potential weaknesses which may jeopardize repayment ability. Borrowers rated 7 have a well-defined weakness or weaknesses such as the inability to demonstrate significant cash flow for debt service based on analysis of the company’s financial information. These loans remain on accrual status provided full collection of principal and interest is reasonably expected. Otherwise they are deemed impaired and placed on nonaccrual status. Borrowers rated 8 are the same as 7 rated credits with one exception: collection or liquidation in full is not probable. The breakdown of loans by risk rating as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-5) 6 7 8 Total Commercial/industrial ​ $ 353,369 ​ $ 35 ​ $ 12,480 ​ $ — ​ $ 365,884 Commercial real estate - owner occupied ​ 570,640 ​ 15,271 ​ 20,999 ​ — ​ 606,910 Commercial real estate - non-owner occupied ​ 546,263 ​ — ​ 4,306 ​ — ​ 550,569 Construction and development ​ 150,771 ​ — ​ 1,213 ​ — ​ 151,984 Residential 1‑4 family ​ 585,549 ​ — ​ 2,497 ​ — ​ 588,046 Consumer ​ 32,992 ​ — ​ 3 ​ — ​ 32,995 Other ​ 21,502 ​ — ​ — ​ — ​ 21,502 ​ ​ $ 2,261,086 ​ $ 15,306 ​ $ 41,498 ​ $ — ​ $ 2,317,890 ​ The breakdown of loans by risk rating as of December 31, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-5) 6 7 8 Total Commercial/industrial ​ $ 355,469 ​ $ — ​ $ 11,815 ​ $ — ​ $ 367,284 Commercial real estate - owner occupied ​ 551,801 ​ — ​ 23,159 ​ — ​ 574,960 Commercial real estate - non-owner occupied ​ 532,077 ​ — ​ 5,000 ​ — ​ 537,077 Construction and development ​ 131,429 ​ — ​ 1,246 ​ — ​ 132,675 Residential 1‑4 family ​ 570,022 ​ 83 ​ 1,644 ​ — ​ 571,749 Consumer ​ 31,988 ​ — ​ 4 ​ — ​ 31,992 Other ​ 21,489 ​ — ​ — ​ — ​ 21,489 ​ ​ $ 2,194,275 ​ $ 83 ​ $ 42,868 ​ $ — ​ $ 2,237,226 ​ The ALL represents management’s estimate of probable and inherent credit losses in the loan portfolio. Estimating the amount of the ALL requires the exercise of significant judgment and the use of estimates related to the amount and timing of expected future cash flows on impaired loans, estimated losses on pools of homogenous loans based on historical loss experience, and consideration of other qualitative factors such as current economic trends and conditions, all of which may be susceptible to significant change. The loan portfolio also represents the largest asset on the consolidated balance sheets. Loan losses are charged off against the ALL, while recoveries of amounts previously charged off are credited to the ALL. A provision for loan losses is charged to operations based on management’s periodic evaluation of the factors previously mentioned, as well as other pertinent factors. The ALL consists of specific reserves for certain individually evaluated impaired loans and general reserves for collectively evaluated non-impaired loans. Specific reserves reflect estimated losses on impaired loans from management’s analyses developed through specific credit allocations. The specific reserves are based on regular analyses of impaired, non-homogenous loans greater than $250,000. These analyses involve a high degree of judgment in estimating the amount of loss associated with specific loans, including estimating the amount and timing of future cash flows and collateral values. The general reserve is based in part on the Bank’s historical loss experience which is updated quarterly. The general reserve portion of the ALL also includes consideration of certain qualitative factors such as 1) changes in lending policies and/or underwriting practices, 2) national and local economic conditions, 3) changes in portfolio volume and nature, 4) experience, ability and depth of lending management and other relevant staff, 5) levels of and trends in past-due and nonaccrual loans and quality, 6) changes in loan review and oversight, 7) impact and effects of concentrations and 8) other issues deemed relevant. There are many factors affecting ALL; some are quantitative while others require qualitative judgment. The process for determining the ALL (which management believes adequately considers potential factors which might possibly result in credit losses) includes subjective elements and, therefore, may be susceptible to significant change. To the extent actual outcomes differ from management estimates, additional provisions for loan losses could be required that could adversely affect the Company’s earnings or financial position in future periods. Allocations of the ALL may be made for specific loans but the entire ALL is available for any loan that, in management’s judgment, should be charged off or for which an actual loss is realized. As an integral part of their examination process, various regulatory agencies review the ALL as well. Such agencies may require that changes in the ALL be recognized when such regulators’ credit evaluations differ from those of management based on information available to the regulators at the time of their examinations. A summary of impaired loans individually evaluated as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 352 ​ $ — ​ $ 1,342 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,694 Unpaid principal balance ​ 352 ​ — ​ 1,342 ​ — ​ — ​ — ​ — ​ 1,694 Related allowance ​ 82 ​ — ​ 831 ​ — ​ — ​ — ​ — ​ 913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 364 ​ $ 2,635 ​ $ 112 ​ $ — ​ $ 225 ​ $ — ​ $ — ​ $ 3,336 Unpaid principal balance ​ 364 ​ 2,635 ​ 112 ​ — ​ 225 ​ — ​ — ​ 3,336 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 716 ​ $ 2,635 ​ $ 1,454 ​ $ — ​ $ 225 ​ $ — ​ $ — ​ $ 5,030 Unpaid principal balance ​ 716 ​ 2,635 ​ 1,454 ​ — ​ 225 ​ — ​ — ​ 5,030 Related allowance ​ 82 ​ — ​ 831 ​ — ​ — ​ — ​ — ​ 913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 578 ​ $ 3,801 ​ $ 1,487 ​ $ — ​ $ 249 ​ $ — ​ $ — ​ $ 6,114 ​ A summary of impaired loans individually evaluated as of December 31, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Total With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 357 ​ $ — ​ $ 1,406 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,763 Unpaid principal balance ​ 357 ​ — ​ 1,406 ​ — ​ — ​ — ​ — ​ 1,763 Related allowance ​ 70 ​ — ​ 894 ​ — ​ — ​ — ​ — ​ 964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 82 ​ $ 4,966 ​ $ 113 ​ $ — ​ $ 273 ​ $ — ​ $ — ​ $ 5,434 Unpaid principal balance ​ 82 ​ 4,966 ​ 113 ​ — ​ 273 ​ — ​ — ​ 5,434 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 439 ​ $ 4,966 ​ $ 1,519 ​ $ — ​ $ 273 ​ $ — ​ $ — ​ $ 7,197 Unpaid principal balance ​ 439 ​ 4,966 ​ 1,519 ​ — ​ 273 ​ — ​ — ​ 7,197 Related allowance ​ 70 ​ — ​ 894 ​ — ​ — ​ — ​ — ​ 964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 459 ​ $ 3,069 ​ $ 5,098 ​ $ — ​ $ 267 ​ $ — ​ $ — ​ $ 8,893 ​ Interest recognized while these loans were impaired is considered immaterial to the consolidated financial statements for the three months ended March 31, 2022 and 2021. The following table presents loans acquired with deteriorated credit quality as of March 31, 2022 and December 31, 2021. No loans in this table had a related allowance at either date, and therefore, the below disclosures were not expanded to include loans with and without a related allowance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ Recorded ​ Principal ​ Recorded ​ Principal ​ Investment Balance Investment Balance Commercial & Industrial ​ $ 568 ​ $ 654 ​ $ 596 ​ $ 685 Commercial real estate - owner occupied ​ 2,636 ​ 3,113 ​ 2,664 ​ 3,146 Commercial real estate - non-owner occupied ​ 368 ​ 402 ​ 1,018 ​ 1,150 Construction and development ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 851 ​ 1,102 ​ 863 ​ 1,124 Consumer ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ ​ $ 4,423 ​ $ 5,271 ​ $ 5,141 ​ $ 6,105 ​ Due to the nature of these loan relationships, prepayment expectations have not been considered in the determination of future cash flows. Management regularly monitors these loan relationships, and if information becomes available that indicates expected cash flows will differ from initial expectations, it may necessitate reclassification between accretable and non-accretable components of the original discount calculation. The following table represents the change in the accretable and non-accretable components of discounts on loans acquired with deteriorated credit quality for the three months ended March 31, 2022, and year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ Accretable ​ Non-accretable ​ Accretable ​ Non-accretable ​ discount discount discount discount Balance at beginning of period ​ $ 813 ​ $ 149 ​ $ 1,250 ​ $ 176 Reclassifications between accretable and non-accretable ​ 7 ​ (7) ​ 27 ​ (27) Accretion to loan interest income ​ (115) ​ — ​ (464) ​ — Balance at end of period ​ $ 705 ​ $ 142 ​ $ 813 ​ $ 149 ​ A troubled debt restructuring (“TDR”) includes a loan modification where a borrower is experiencing financial difficulty and we grant a concession to that borrower that we would not otherwise consider except for the borrower’s financial difficulties. These concessions may include modifications of the terms of the debt such as deferral of payments, extension of maturity, reduction of principal balance, reduction of the stated interest rate other than normal market rate adjustments, or a combination of these concessions. Debt may be bifurcated with separate terms for each tranche of the restructured debt. Restructuring a loan in lieu of aggressively enforcing the collection of the loan may benefit the Company by increasing the ultimate probability of collection. A TDR may be either on accrual or nonaccrual status based upon the performance of the borrower and management’s assessment of collectability. If a TDR is placed on nonaccrual status, which could occur based on the same criteria as non-TDR loans, it remains there until a sufficient period of performance under the restructured terms has occurred at which it returned to accrual status, generally 6 months. As of March 31, 2022 and December 31, 2021 the Company had no specific reserves for TDRs. As a result of the COVID-19 pandemic, the Bank experienced an increase in customer requests for loan modifications and payment deferrals. The Coronavirus Aid, Relief, and Economic Security (CARES) act, signed into law on March 27, 2020, allowed financial institutions the option to exempt loan modifications related to the COVID-19 pandemic that would otherwise be categorized as a TDR from consideration for TDR treatment. Modifications in the scope of the exemption include forbearance agreements, interest-rate modifications, repayment plan changes and any other similar arrangements that would delay payments of principal or interest. This relief is allowable on modifications on loans which were not more than 30 days past due as of December 31, 2019, and that occur after March 1, 2020, and before the earlier of 60 days after the date on which the national emergency related to the COVID-19 outbreak is terminated. The Bank had no new TDRs during the three months ended March 31, 2022. The following table presents new TDRs during the three months March 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ Number of ​ Outstanding Recorded ​ Outstanding Recorded ​ Contracts Investment Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate 1 ​ $ 111 $ 111 ​ ​ $ 111 $ 111 ​

MORTGAGE SERVICING RIGHTS

MORTGAGE SERVICING RIGHTS	3 Months Ended
	Mar. 31, 2022
MORTGAGE SERVICING RIGHTS
MORTGAGE SERVICING RIGHTS	NOTE 6 – MORTGAGE SERVICING RIGHTS Loans serviced for others are not included in the accompanying consolidated balance sheets. MSRs are recognized as separate assets when loans sold in the secondary market are sold with servicing retained. The Company utilizes a third-party consulting firm to determine an accurate assessment of the MSRs fair value. The third-party firm collects relevant data points from numerous sources. Some of these data points relate directly to the pricing level or relative value of the mortgage servicing while other data points relate to the assumptions used to derive fair value. In addition, the valuation evaluates specific collateral types, and current and historical performance of the collateral in question. The valuation process focuses on the non-distressed secondary servicing market, common industry practices and current regulatory standards. The primary determinants of the fair value of MSRs are servicing fee percentage, ancillary income, expected loan life or prepayment speeds, discount rates, costs to service, delinquency rates, foreclosure losses and recourse obligations. The valuation data also contains interest rate shock analyses for monitoring fair value changes in differing interest rate environments. Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ March 31, 2022 ​ December 31, 2021 Fair value at beginning of period ​ $ 5,016 ​ $ 3,726 Servicing asset additions ​ 269 ​ 1,862 Loan payments and payoffs ​ (193) ​ (1,319) Changes in valuation inputs and assumptions used in the valuation model ​ 374 ​ 747 Amount recognized through earnings ​ 450 ​ 1,290 Fair value at end of period ​ $ 5,466 ​ $ 5,016 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 715,599 ​ $ 705,462 Mortgage servicing rights as a percent of loans serviced for others ​ 0.76 ​ 0.71 ​ The primary economic assumptions utilized by the Company in measuring the value of MSRs were constant prepayment speeds of 13.8 months and discount rates of 10.3% as of March 31, 2022 and December 31, 2021.

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2022
NOTES PAYABLE
NOTES PAYABLE	NOTE 7 – NOTES PAYABLE From time to time the Company utilizes FHLB advances to fund liquidity. At March 31, 2022 and December, 31, 2021, the Company had outstanding balances borrowed from the FHLB of $7.7 million and $8.0 million, respectively. The advances, rate, and maturities of FHLB advances were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ Maturity ​ Rate ​ 2022 ​ 2021 Fixed rate, fixed term ​ 01/24/2022 ​ 2.51 % $ — ​ $ 250 Fixed rate, fixed term ​ 05/02/2022 ​ 2.98 % ​ 500 ​ ​ 500 Fixed rate, fixed term ​ 05/16/2022 ​ 0.00 % ​ 5,000 ​ ​ 5,000 Fixed rate, fixed term ​ 06/08/2022 ​ 2.92 % ​ 500 ​ ​ 500 Fixed rate, fixed term ​ 11/21/2022 ​ 3.02 % ​ 600 ​ ​ 600 Fixed rate, fixed term ​ 11/21/2023 ​ 3.06 % ​ 600 ​ ​ 600 Fixed rate, fixed term ​ 04/22/2030 ​ 0.00 % ​ 508 ​ ​ 508 ​ ​ ​ ​ ​ ​ ​ 7,708 ​ ​ 7,958 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ 39 ​ ​ 53 ​ ​ ​ ​ ​ ​ $ 7,747 ​ $ 8,011 ​ Future maturities of borrowings were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2022 ​ 2021 1 year or less ​ $ 6,600 ​ $ 6,850 1 to 2 years ​ 600 ​ 600 2 to 3 years ​ — ​ — 3 to 4 years ​ — ​ — 4 to 5 years ​ — ​ — Over 5 years ​ ​ 508 ​ ​ 508 ​ ​ $ 7,708 ​ $ 7,958 ​ The Company maintains a $7.5 million line of credit with a commercial bank, which was entered into on May 15, 2021. There were no outstanding balances on this note at March 31, 2022 or December 31, 2021. Any future borrowings will require monthly payments of interest at a variable rate, and will be due in full on May 15, 2022.

SUBORDINATED NOTES

SUBORDINATED NOTES	3 Months Ended
	Mar. 31, 2022
SUBORDINATED NOTES
SUBORDINATED NOTES	NOTE 8 – SUBORDINATED NOTES During September 2017, the Company entered into subordinated note agreements with three separate commercial banks. The Company had outstanding balances of $11.5 million under these agreements as of March 31, 2022 and December 31, 2021. These notes were all issued with 10-year maturities, carry interest at a variable rate payable quarterly, are callable on or after the sixth anniversary of the issuance dates, and qualify for Tier 2 capital for regulatory purposes. During July 2020, the Company entered into subordinated note agreements with two separate commercial banks. The Company had outstanding balances of $6.0 million under these agreements as of March 31, 2022 and December 31, 2021. These notes were issued with 10-year maturities, carry interest at a fixed rate of 5.0% through June 30, 2025, and at a variable rate thereafter, payable quarterly. These notes are callable on or after January 1, 2026 and qualify for Tier 2 capital for regulatory purposes.

REGULATORY MATTERS

REGULATORY MATTERS	3 Months Ended
	Mar. 31, 2022
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 9 – REGULATORY MATTERS Banks and certain bank holding companies are subject to regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally for banks, prompt corrective action regulations involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet capital requirements can initiate regulatory action. The Economic Growth, Regulatory Relief, and Consumer Protection Act, signed into law in May 2018 raised the threshold for those bank holding companies subject to the Federal Reserve’s Small Bank Holding Company Policy Statement to $3 billion. As a result, as of the effective date of that change in 2018, the Company was no longer required to comply with the risk-based capital rules applicable to the Bank. The Federal Reserve may, however, require smaller bank holding companies to maintain certain minimum capital levels, depending upon general economic conditions and a bank holding company’s particular condition, risk profile and growth plans. Under regulatory guidance for non-advanced approaches institutions, the Bank is required to maintain minimum amounts and ratios of common equity Tier I capital to risk-weighted assets, including an additional conservation buffer determined by banking regulators. As of March 31, 2022 and December 31, 2021, this buffer was 2.5%. As of March 31, 2022 and December 31, 2021, the Bank met all capital adequacy requirements to which they are subject. Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adequacy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 303,043 12.19 % ​ NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 296,778 11.94 % $ 198,822 8.00 % $ 260,953 10.50 % $ 248,527 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 10.61 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 11.07 % $ 149,116 6.00 % $ 211,248 8.50 % $ 198,822 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 10.61 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 11.07 % $ 111,837 4.50 % $ 173,969 7.00 % $ 161,542 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 8.37 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 8.73 % $ 126,004 4.00 % $ 126,004 4.00 % $ 157,505 5.00 % December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 297,467 12.44 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 291,994 12.21 % $ 191,339 8.00 % $ 251,133 10.50 % $ 239,174 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 10.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 11.36 % $ 143,505 6.00 % $ 203,298 8.50 % $ 191,339 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 10.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 11.36 % $ 107,628 4.50 % $ 167,422 7.00 % $ 155,463 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 9.29 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 9.72 % $ 111,825 4.00 % $ 111,825 4.00 % $ 139,781 5.00 % ​

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 10 – COMMITMENTS AND CONTINGENCIES The Company enters into commitments to originate loans whereby the interest rate on the loan is determined prior to funding (rate-lock commitments). Rate-lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. Accordingly, such commitments, along with any related fees received from potential borrowers, are recorded at fair value in derivative assets or liabilities, with changes in fair value recorded in the net gain or loss on sale of mortgage loans. Fair value is based on fees currently charged to enter into similar agreements and for fixed rate commitments also considers the difference between current levels of interest rates and committed rates. The notional amount of rate-lock commitments at March 31, 2022 and December 31, 2021 was approximately $12.5 million and $21.9 million, respectively. The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual or notional amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance-sheet instruments. Since some of the commitments are expected to expire without being drawn upon and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements. The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ March 31, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit: ​ ​ Fixed ​ $ 82,415 ​ $ 90,036 Variable ​ 402,758 ​ 412,095 Credit card arrangements ​ 10,561 ​ 10,916 Letters of credit ​ 9,706 ​ 9,062 ​

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2022
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 – FAIR VALUE MEASUREMENTS Accounting guidance establishes a fair value hierarchy to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. Level 1: Quoted prices (unadjusted) or identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as 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. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. ​ Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments Markets Other Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2022 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 146,110 ​ $ — ​ $ 146,110 ​ $ — Obligations of U.S. Government sponsored agencies ​ 23,843 ​ — ​ 23,843 ​ — Obligations of states and political subdivisions ​ 79,897 ​ — ​ 79,897 ​ — Mortgage-backed securities ​ ​ 25,203 ​ ​ — ​ ​ 25,203 ​ ​ — Corporate notes ​ 20,499 ​ — ​ 20,499 ​ — Certificates of deposit ​ ​ 1,511 ​ ​ — ​ ​ 1,511 ​ ​ — Mortgage servicing rights ​ 5,466 ​ — ​ 5,466 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 49,502 ​ $ — ​ $ 49,502 ​ $ — Obligations of U.S. Government sponsored agencies ​ 26,546 ​ — ​ 26,546 ​ — Obligations of states and political subdivisions ​ 86,738 ​ — ​ 86,738 ​ — Mortgage-backed securities ​ ​ 27,259 ​ ​ — ​ ​ 27,259 ​ ​ — Corporate notes ​ 21,102 ​ — ​ 21,102 ​ — Certificates of deposit ​ ​ 1,542 ​ ​ — ​ ​ 1,542 ​ ​ — Mortgage servicing rights ​ 5,016 ​ — ​ 5,016 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ There were no assets measured on a recurring basis using significant unobservable inputs (Level 3) during these periods. ​ Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2022 ​ ​ ​ ​ Impaired Loans, net of impairment reserve ​ $ 4,117 ​ $ — ​ $ — ​ $ 4,117 December 31, 2021 ​ ​ ​ ​ OREO ​ $ 150 ​ $ — ​ $ — ​ $ 150 Impaired Loans, net of impairment reserve ​ 6,233 ​ — ​ — ​ 6,233 ​ ​ $ 6,383 ​ $ — ​ $ — ​ $ 6,383 ​ The following is a description of the valuation methodologies used by the Company for the items noted in the table above, including the general classification of such instruments in the fair value hierarchy. For individually evaluated impaired loans, the amount of impairment is based upon the present value of expected future cash flows discounted at the loan’s effective interest rate, the estimated fair value of the underlying collateral for collateral-dependent loans, or the estimated liquidity of the note. For OREO, the fair value is based upon the estimated fair value of the underlying collateral adjusted for the expected costs to sell. The following table shows significant unobservable inputs used in the fair value measurement of Level 3 assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Unobservable ​ Range of ​ Average ​ ​ Valuation Technique ​ Inputs ​ Discounts Discount ​ As of March 31, 2022 ​ Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 6.1 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 18% - 97 % 18.0 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 7.4 % ​ The following methods and assumptions were used by the Company to estimate fair value of financial instruments. Cash and cash equivalents Securities Loans held for sale Loans Other investments Mortgage servicing rights Cash value of life insurance Deposits Securities sold under repurchase agreements Notes payable and subordinated notes Off-balance-sheet instruments The carrying value and estimated fair value of financial instruments at March 31, 2022 and December 31, 2021 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 107,359 ​ $ 107,359 ​ $ — ​ $ — ​ $ 107,359 Securities held to maturity ​ 5,841 ​ — ​ 5,845 ​ — ​ 5,845 Securities available for sale ​ 297,063 ​ — ​ 297,063 ​ — ​ 297,063 Loans held for sale ​ 371 ​ — ​ — ​ 371 ​ 371 Loans, net ​ 2,294,939 ​ — ​ — ​ 2,262,091 ​ 2,262,091 Other investments, at cost ​ 19,563 ​ — ​ — ​ 19,563 ​ 19,563 Mortgage servicing rights ​ 5,466 ​ — ​ 5,466 ​ — ​ 5,466 Cash surrender value of life insurance ​ 32,084 ​ 32,084 ​ — ​ — ​ 32,084 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,557,106 ​ $ — ​ $ — ​ $ 2,358,068 ​ $ 2,358,068 Securities sold under repurchase agreements ​ 13,130 ​ — ​ 13,130 ​ — ​ ​ 13,130 Notes payable ​ ​ 7,747 ​ ​ — ​ ​ 7,747 ​ ​ — ​ ​ 7,747 Subordinated notes ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 296,860 ​ $ 296,860 ​ $ — ​ $ — ​ $ 296,860 Securities held to maturity ​ 5,911 ​ — ​ 5,922 ​ — ​ 5,922 Securities available for sale ​ 212,689 ​ — ​ 212,689 ​ — ​ 212,689 Loans held for sale ​ 786 ​ — ​ — ​ 786 ​ 786 Loans, net ​ 2,215,199 ​ — ​ — ​ 2,210,593 ​ 2,210,593 Other investments, at cost ​ 9,004 ​ — ​ — ​ 9,004 ​ 9,004 Mortgage servicing rights ​ 5,016 ​ — ​ 5,016 ​ — ​ 5,016 Cash surrender value of life insurance ​ ​ 31,897 ​ 31,897 ​ — ​ — ​ 31,897 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,528,440 ​ $ — ​ $ — ​ $ 2,457,287 ​ $ 2,457,287 Securities sold under repurchase agreements ​ ​ 41,122 ​ — ​ 41,122 ​ — ​ ​ 41,122 Notes payable ​ 8,011 ​ ​ — ​ ​ 8,011 ​ ​ — ​ ​ 8,011 Subordinated notes ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ — ​ ​ 17,500 ​ The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. 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. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts nor is it recorded as an intangible asset on the consolidated balance sheet. Significant assets and liabilities that are not considered financial assets and liabilities include premises and equipment. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	3 Months Ended
	Mar. 31, 2022
STOCK BASED COMPENSATION
STOCK BASED COMPENSATION	NOTE 12 – STOCK BASED COMPENSATION The Company has made restricted share grants pursuant to the Bank First Corporation 2011 Equity Plan and the Bank First Corporation 2020 Equity Plan, which replaced the 2011 Plan. The purpose of the Plan is to provide financial incentives for selected employees and for the non-employee Directors of the Company, thereby promoting the long-term growth and financial success of the Company. The number of shares of Company stock that may be issued pursuant to awards under the 2020 Plan shall not exceed, in the aggregate, 700,000. As of March 31, 2022, 50,867 shares of Company stock have been awarded under the 2020 Plan. Compensation expense for restricted stock is based on the fair value of the awards of Bank First Corporation common stock at the time of grant. The value of restricted stock grants that are expected to vest is amortized into expense over the vesting periods. For the three months ended March 31, 2022 and 2021, compensation expense of $0.3 million was recognized related to restricted stock awards. As of March 31, 2022, there was $3.5 million of unrecognized compensation cost related to non-vested restricted stock awards granted under the plan. That cost is expected to be recognized over a weighted average period of 2.25 years. The aggregate grant date fair value of restricted stock awards that vested during the three months ended March 31, 2022, was approximately $1.3 million. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ For the year ended ​ ​ March 31, 2022 ​ March 31, 2021 ​ ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Restricted Stock ​ ​ Outstanding at beginning of year 58,611 ​ $ 61.44 57,175 ​ $ 53.08 Granted 25,451 ​ 69.73 25,416 ​ 70.67 Vested (20,785) ​ 60.52 (21,121) ​ 49.52 Forfeited or cancelled (3,651) ​ 60.50 (399) ​ 62.79 Outstanding at end of year 59,626 ​ $ 65.87 61,071 ​ $ 61.57 ​

LEASES

LEASES	3 Months Ended
	Mar. 31, 2022
LEASES
LEASES	NOTE 13 – LEASES Accounting standards require lessees to recognize leases on-balance sheet and disclose key information about leasing arrangements, establishing a right-of-use (“ROU”) model that requires a lessee to recognize a ROU lease asset and liability on the balance sheet for all leases with a term longer than 12 months. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Lessee Leases The Company’s lessee leases are operating leases, and consist of leased real estate for branches. Options to extend and renew leases are generally exercised under normal circumstances. Advance notification is required prior to termination, and any noticing period is often limited to the months prior to renewal. Rent escalations are generally specified by a payment schedule, or are subject to a defined formula. The Company also elected the practical expedient to not separate lease and non-lease components for all leases, the majority of which consist of real estate common area maintenance expenses. Generally, leases do not include guaranteed residual values, but instead typically specify that the leased premises are to be returned in satisfactory condition with the Company liable for damages. For operating leases, the lease liability and ROU asset (before adjustments) are recorded at the present value of future lease payments. Accounting standards require the use of the lease interest rate; however, this rate is typically not known. As an alternative, the use of an entity’s fully secured incremental borrowing rate is permitted. The Company is electing to utilize the Wall Street Journal Prime Rate on the date of lease commencement. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended ​ March 31, 2022 March 31, 2021 Amortization of ROU Assets - Operating Leases ​ $ — ​ $ 4 ​ Interest on Lease Liabilities - Operating Leases ​ 22 ​ ​ 22 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 22 ​ ​ 26 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 31.75 ​ ​ 32.58 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 % ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ March 31, 2022 Operating lease payments due: ​ ​ Within one year ​ $ 86 After one but within two years ​ ​ 85 After two but within three years ​ ​ 85 After three but within four years ​ ​ 88 After four years but within five years ​ ​ 94 After five years ​ ​ 3,208 Total undiscounted cash flows ​ ​ 3,646 Discount on cash flows ​ ​ (2,065) Total operating lease liabilities ​ $ 1,581 ​

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
EARNINGS PER SHARE
Schedule of Earnings Per Share	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ 2022 2021 Basic ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 10,183 ​ $ 11,514 Less: Earnings allocated to participating securities ​ ​ (79) ​ ​ (88) Net income allocated to common shareholders ​ $ 10,104 ​ $ 11,426 ​ ​ ​ ​ ​ Weighted average common shares outstanding including participating securities ​ ​ 7,599,382 ​ ​ 7,716,424 Less: Participating securities (1) ​ ​ (59,119) ​ ​ (59,123) Average shares ​ ​ 7,540,263 ​ ​ 7,657,301 ​ ​ ​ ​ ​ ​ ​ Basic earnings per common shares ​ $ 1.34 ​ $ 1.49 ​ ​ ​ ​ ​ ​ ​ Diluted ​ ​ ​ ​ ​ ​ Net income available to common shareholders ​ $ 10,183 ​ $ 11,514 ​ ​ ​ ​ ​ ​ ​ Weighted average common shares outstanding for basic earnings per common share ​ ​ 7,540,263 ​ ​ 7,657,301 Add: Dilutive effects of stock based compensation awards ​ ​ 18,956 ​ ​ 20,675 Average shares and dilutive potential common shares ​ ​ 7,559,219 ​ ​ 7,677,976 Diluted earnings per common share ​ $ 1.34 ​ $ 1.49 (1) Participating securities are restricted stock awards whereby the stock certificates have been issued, are included in outstanding shares, receive dividends and can be voted, but have not vested.

SECURITIES (Tables)

SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2022
SECURITIES
Schedule of securities available for sale	The following is a summary of available for sale securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ ​ Cost ​ Gains ​ Losses ​ Fair Value ​ March 31, 2022 ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 149,576 ​ $ — ​ $ (3,466) ​ $ 146,110 ​ Obligations of U.S. Government sponsored agencies ​ 25,398 ​ — ​ (1,555) ​ 23,843 ​ Obligations of states and political subdivisions ​ ​ 81,173 ​ ​ 1,009 ​ ​ (2,285) ​ ​ 79,897 ​ Mortgage-backed securities ​ ​ 25,105 ​ ​ 219 ​ ​ (121) ​ ​ 25,203 ​ Corporate notes ​ 20,580 ​ 389 ​ (470) ​ 20,499 ​ Certificates of deposit ​ ​ 1,520 ​ ​ — ​ ​ (9) ​ ​ 1,511 ​ Total available for sale securities ​ $ 303,352 ​ $ 1,617 ​ $ (7,906) ​ $ 297,063 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 49,574 ​ $ 121 ​ $ (193) ​ $ 49,502 ​ Obligations of U.S. Government sponsored agencies ​ ​ 26,722 ​ ​ 165 ​ ​ (341) ​ ​ 26,546 ​ Obligations of states and political subdivisions ​ ​ 83,019 ​ ​ 3,786 ​ ​ (67) ​ ​ 86,738 ​ Mortgage-backed securities ​ 26,143 ​ 1,117 ​ (1) ​ 27,259 ​ Corporate notes ​ 20,760 ​ 436 ​ (94) ​ 21,102 ​ Certificates of deposit ​ ​ 1,529 ​ ​ 13 ​ ​ — ​ ​ 1,542 ​ Total available for sale securities ​ $ 207,747 ​ $ 5,638 ​ $ (696) ​ $ 212,689 ​
Schedule of securities held to maturity	The following is a summary of held to maturity securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Estimated ​ ​ Cost ​ Gains ​ Losses ​ Fair Value March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 5,841 ​ $ 4 ​ $ — ​ $ 5,845 December 31, 2021 ​ ​ ​ ​ Obligations of states and political subdivisions ​ $ 5,911 ​ $ 11 ​ $ — ​ $ 5,922
Schedule of fair value and gross unrealized losses of securities	The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ Greater Than 12 Months ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized ​ ​ Value ​ Losses ​ Value ​ Losses ​ Value ​ Losses ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 - Available for Sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 146,110 ​ $ (3,466) ​ $ — ​ $ — ​ $ 146,110 ​ $ (3,466) Obligations of U.S. Government sponsored agencies ​ ​ 19,674 ​ ​ (1,001) ​ ​ 4,169 ​ ​ (554) ​ ​ 23,843 ​ ​ (1,555) Obligations of states and political subdivisions ​ ​ 40,641 ​ ​ (2,285) ​ ​ — ​ ​ — ​ ​ 40,641 ​ ​ (2,285) Mortgage-backed securities ​ 12,028 ​ (121) ​ — ​ — ​ 12,028 ​ (121) Corporate notes ​ 13,806 ​ (470) ​ — ​ — ​ 13,806 ​ (470) Certificate of Deposits ​ ​ 1,011 ​ ​ (9) ​ ​ — ​ ​ — ​ ​ 1,011 ​ ​ (9) Totals ​ $ 233,270 ​ $ (7,352) ​ $ 4,169 ​ $ (554) ​ $ 237,439 ​ $ (7,906) December 31, 2021 - Available for Sale ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 34,746 ​ $ (193) ​ $ — ​ $ — ​ $ 34,746 ​ $ (193) Obligations of U.S. Government sponsored agencies ​ ​ 13,185 ​ ​ (86) ​ ​ 4,558 ​ ​ (255) ​ ​ 17,743 ​ ​ (341) Obligations of states and political subdivisions ​ ​ 8,624 ​ ​ (67) ​ ​ — ​ ​ — ​ ​ 8,624 ​ ​ (67) Mortgage-backed securities ​ 254 ​ (1) ​ — ​ — ​ 254 ​ (1) Corporate notes ​ 8,973 ​ (94) ​ — ​ — ​ 8,973 ​ (94) Totals ​ $ 65,782 ​ $ (441) ​ $ 4,558 ​ $ (255) ​ $ 70,340 ​ $ (696)
Schedule of amortized cost and estimated fair value of securities	The following is a summary of amortized cost and estimated fair value of securities by contractual maturity as of March 31, 2022. Contractual maturities will differ from expected maturities for mortgage-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Available for Sale ​ Held to Maturity ​ Amortized Estimated Amortized Estimated ​ ​ Cost ​ Fair Value ​ Cost ​ Fair Value Due in one year or less ​ $ 100,792 ​ $ 100,458 ​ $ 915 ​ $ 917 Due after one year through 5 years ​ 15,351 ​ 15,527 ​ ​ 3,222 ​ ​ 3,224 Due after 5 years through ten years ​ 88,204 ​ 84,383 ​ ​ 1,704 ​ ​ 1,704 Due after 10 years ​ 73,900 ​ 71,492 ​ ​ — ​ ​ — Subtotal ​ 278,247 ​ 271,860 ​ ​ 5,841 ​ ​ 5,845 Mortgage-backed securities ​ 25,105 ​ 25,203 ​ ​ — ​ ​ — Total ​ $ 303,352 ​ $ 297,063 ​ $ 5,841 ​ $ 5,845

LOANS, ALLOWANCE FOR LOAN LOS_2

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY (Tables)	3 Months Ended
	Mar. 31, 2022
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
Schedule of total loans by portfolio segment and class of loan	The following table presents total loans by portfolio segment and class of loan as of March 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, ​ ​ 2022 2021 Commercial/industrial ​ $ 365,884 ​ $ 367,284 Commercial real estate - owner occupied ​ 606,910 ​ 574,960 Commercial real estate - non-owner occupied ​ 550,569 ​ 537,077 Construction and development ​ 151,984 ​ 132,675 Residential 1‑4 family ​ 588,046 ​ 571,749 Consumer ​ 32,995 ​ 31,992 Other ​ 21,502 ​ 21,489 Subtotals ​ 2,317,890 ​ 2,237,226 ALL ​ (21,749) ​ (20,315) Loans, net of ALL ​ 2,296,141 ​ 2,216,911 Deferred loan fees and costs ​ (1,202) ​ (1,712) Loans, net ​ $ 2,294,939 ​ $ 2,215,199
Schedule of ALL by loan type	A summary of the activity in the ALL by loan type as of March 31, 2022 and 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate  - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ALL - January 1, 2022 ​ $ 3,699 ​ $ 5,633 ​ $ 5,151 ​ $ 984 ​ $ 4,445 ​ $ 224 ​ $ 179 ​ $ 20,315 Charge-offs ​ — ​ ​ — ​ ​ — ​ — ​ — ​ — ​ (3) ​ (3) Recoveries ​ 2 ​ ​ 74 ​ ​ 3 ​ 152 ​ 2 ​ — ​ 4 ​ 237 Provision ​ 94 ​ ​ 804 ​ ​ 65 ​ (6) ​ 242 ​ 6 ​ (5) ​ 1,200 ALL - March 31, 2022 ​ 3,795 ​ ​ 6,511 ​ ​ 5,219 ​ 1,130 ​ 4,689 ​ 230 ​ 175 ​ 21,749 ALL ending balance individually evaluated for impairment ​ 82 ​ ​ — ​ ​ 831 ​ — ​ — ​ — ​ — ​ 913 ALL ending balance collectively evaluated for impairment ​ $ 3,713 ​ $ 6,511 ​ $ 4,388 ​ $ 1,130 ​ $ 4,689 ​ $ 230 ​ $ 175 ​ $ 20,836 Loans outstanding - March 31, 2022 ​ $ 365,884 ​ $ 606,910 ​ $ 550,569 ​ $ 151,984 ​ $ 588,046 ​ $ 32,995 ​ $ 21,502 ​ $ 2,317,890 Loans ending balance individually evaluated for impairment ​ 715 ​ ​ 2,635 ​ ​ 1,455 ​ — ​ 225 ​ — ​ — ​ 5,030 Loans ending balance collectively evaluated for impairment ​ $ 365,169 ​ $ 604,275 ​ $ 549,114 ​ $ 151,984 ​ $ 587,821 ​ $ 32,995 ​ $ 21,502 ​ $ 2,312,860 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial / ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total ALL - January 1, 2021 ​ $ 2,049 ​ $ 6,108 ​ $ 3,904 ​ $ 1,027 ​ $ 3,960 ​ $ 201 ​ $ 409 ​ $ 17,658 Charge-offs ​ — ​ ​ (24) ​ ​ — ​ — ​ — ​ — ​ (10) ​ (34) Recoveries ​ 2 ​ ​ — ​ ​ — ​ — ​ 4 ​ — ​ 1 ​ 7 Provision ​ 395 ​ ​ 261 ​ ​ (58) ​ 158 ​ 157 ​ — ​ (13) ​ 900 ALL - March 31, 2021 ​ 2,446 ​ ​ 6,345 ​ ​ 3,846 ​ 1,185 ​ 4,121 ​ 201 ​ 387 ​ 18,531 ALL ending balance individually evaluated for impairment ​ 15 ​ ​ — ​ ​ 737 ​ — ​ — ​ — ​ — ​ 752 ALL ending balance collectively evaluated for impairment ​ $ 2,431 ​ $ 6,345 ​ $ 3,109 ​ $ 1,185 ​ $ 4,121 ​ $ 201 ​ $ 387 ​ $ 17,779 Loans outstanding - March 31, 2021 ​ $ 474,920 ​ $ 552,779 ​ $ 444,182 ​ $ 136,277 ​ $ 554,353 ​ $ 29,736 ​ $ 40,579 ​ $ 2,232,826 Loans ending balance individually evaluated for impairment ​ 1,257 ​ ​ 1,149 ​ ​ 9,331 ​ — ​ 260 ​ — ​ — ​ 11,997 Loans ending balance collectively evaluated for impairment ​ $ 473,663 ​ $ 551,630 ​ $ 434,851 ​ $ 136,277 ​ $ 554,093 ​ $ 29,736 ​ $ 40,579 ​ $ 2,220,829
Schedule of past due loans	The Company’s past due loans as of March 31, 2022 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total Commercial/industrial ​ $ 164 ​ $ 749 ​ $ 233 ​ $ 1,146 Commercial real estate - owner occupied ​ — ​ — ​ 3,804 ​ 3,804 Commercial real estate - non-owner occupied ​ 64 ​ — ​ — ​ 64 Construction and development ​ 501 ​ — ​ 18 ​ 519 Residential 1‑4 family ​ 830 ​ 198 ​ 431 ​ 1,459 Consumer ​ 9 ​ 14 ​ 1 ​ 24 Other ​ — ​ — ​ — ​ — ​ ​ $ 1,568 ​ $ 961 ​ $ 4,487 ​ $ 7,016 ​ The Company’s past due loans as of December 31, 2021 is summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ 30-89 Days ​ or more ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ Past Due ​ ​ ​ ​ ​ ​ Accruing ​ and Accruing ​ Non-Accrual ​ Total Commercial/industrial ​ $ 12 ​ $ 738 ​ $ 247 ​ $ 997 Commercial real estate - owner occupied ​ — ​ — ​ 5,884 ​ 5,884 Commercial real estate - non-owner occupied ​ 65 ​ — ​ 650 ​ 715 Construction and development ​ — ​ — ​ 19 ​ 19 Residential 1‑4 family ​ 2,002 ​ 245 ​ 439 ​ 2,686 Consumer ​ 2 ​ 16 ​ 2 ​ 20 Other ​ — ​ — ​ — ​ — ​ ​ $ 2,081 ​ $ 999 ​ $ 7,241 ​ $ 10,321
Schedule of loans by risk rating	The breakdown of loans by risk rating as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-5) 6 7 8 Total Commercial/industrial ​ $ 353,369 ​ $ 35 ​ $ 12,480 ​ $ — ​ $ 365,884 Commercial real estate - owner occupied ​ 570,640 ​ 15,271 ​ 20,999 ​ — ​ 606,910 Commercial real estate - non-owner occupied ​ 546,263 ​ — ​ 4,306 ​ — ​ 550,569 Construction and development ​ 150,771 ​ — ​ 1,213 ​ — ​ 151,984 Residential 1‑4 family ​ 585,549 ​ — ​ 2,497 ​ — ​ 588,046 Consumer ​ 32,992 ​ — ​ 3 ​ — ​ 32,995 Other ​ 21,502 ​ — ​ — ​ — ​ 21,502 ​ ​ $ 2,261,086 ​ $ 15,306 ​ $ 41,498 ​ $ — ​ $ 2,317,890 ​ The breakdown of loans by risk rating as of December 31, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pass (1-5) 6 7 8 Total Commercial/industrial ​ $ 355,469 ​ $ — ​ $ 11,815 ​ $ — ​ $ 367,284 Commercial real estate - owner occupied ​ 551,801 ​ — ​ 23,159 ​ — ​ 574,960 Commercial real estate - non-owner occupied ​ 532,077 ​ — ​ 5,000 ​ — ​ 537,077 Construction and development ​ 131,429 ​ — ​ 1,246 ​ — ​ 132,675 Residential 1‑4 family ​ 570,022 ​ 83 ​ 1,644 ​ — ​ 571,749 Consumer ​ 31,988 ​ — ​ 4 ​ — ​ 31,992 Other ​ 21,489 ​ — ​ — ​ — ​ 21,489 ​ ​ $ 2,194,275 ​ $ 83 ​ $ 42,868 ​ $ — ​ $ 2,237,226
Schedule of impaired loans individually	A summary of impaired loans individually evaluated as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1-4 Family ​ Consumer ​ Other ​ Total With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 352 ​ $ — ​ $ 1,342 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,694 Unpaid principal balance ​ 352 ​ — ​ 1,342 ​ — ​ — ​ — ​ — ​ 1,694 Related allowance ​ 82 ​ — ​ 831 ​ — ​ — ​ — ​ — ​ 913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 364 ​ $ 2,635 ​ $ 112 ​ $ — ​ $ 225 ​ $ — ​ $ — ​ $ 3,336 Unpaid principal balance ​ 364 ​ 2,635 ​ 112 ​ — ​ 225 ​ — ​ — ​ 3,336 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 716 ​ $ 2,635 ​ $ 1,454 ​ $ — ​ $ 225 ​ $ — ​ $ — ​ $ 5,030 Unpaid principal balance ​ 716 ​ 2,635 ​ 1,454 ​ — ​ 225 ​ — ​ — ​ 5,030 Related allowance ​ 82 ​ — ​ 831 ​ — ​ — ​ — ​ — ​ 913 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 578 ​ $ 3,801 ​ $ 1,487 ​ $ — ​ $ 249 ​ $ — ​ $ — ​ $ 6,114 ​ A summary of impaired loans individually evaluated as of December 31, 2021 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Commercial ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate - ​ Real Estate - ​ Construction ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial/ ​ Owner ​ Non - Owner ​ and ​ Residential ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Industrial ​ Occupied ​ Occupied ​ Development ​ 1 ‑ 4 Family ​ Consumer ​ Other ​ Total With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 357 ​ $ — ​ $ 1,406 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,763 Unpaid principal balance ​ 357 ​ — ​ 1,406 ​ — ​ — ​ — ​ — ​ 1,763 Related allowance ​ 70 ​ — ​ 894 ​ — ​ — ​ — ​ — ​ 964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With no related allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 82 ​ $ 4,966 ​ $ 113 ​ $ — ​ $ 273 ​ $ — ​ $ — ​ $ 5,434 Unpaid principal balance ​ 82 ​ 4,966 ​ 113 ​ — ​ 273 ​ — ​ — ​ 5,434 Related allowance ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded investment ​ $ 439 ​ $ 4,966 ​ $ 1,519 ​ $ — ​ $ 273 ​ $ — ​ $ — ​ $ 7,197 Unpaid principal balance ​ 439 ​ 4,966 ​ 1,519 ​ — ​ 273 ​ — ​ — ​ 7,197 Related allowance ​ 70 ​ — ​ 894 ​ — ​ — ​ — ​ — ​ 964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average recorded investment ​ $ 459 ​ $ 3,069 ​ $ 5,098 ​ $ — ​ $ 267 ​ $ — ​ $ — ​ $ 8,893
Schedule of Change in the accretable and non accretable Components of Discounts on Loans	The following table represents the change in the accretable and non-accretable components of discounts on loans acquired with deteriorated credit quality for the three months ended March 31, 2022, and year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ Accretable ​ Non-accretable ​ Accretable ​ Non-accretable ​ discount discount discount discount Balance at beginning of period ​ $ 813 ​ $ 149 ​ $ 1,250 ​ $ 176 Reclassifications between accretable and non-accretable ​ 7 ​ (7) ​ 27 ​ (27) Accretion to loan interest income ​ (115) ​ — ​ (464) ​ — Balance at end of period ​ $ 705 ​ $ 142 ​ $ 813 ​ $ 149
Schedule of troubled debt restructurings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ Number of ​ Outstanding Recorded ​ Outstanding Recorded ​ Contracts Investment Investment ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial Real Estate 1 ​ $ 111 $ 111 ​ ​ $ 111 $ 111
Financial Asset Acquired with Credit Deterioration
LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY
Schedule of impaired loans individually	The following table presents loans acquired with deteriorated credit quality as of March 31, 2022 and December 31, 2021. No loans in this table had a related allowance at either date, and therefore, the below disclosures were not expanded to include loans with and without a related allowance. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ Recorded ​ Principal ​ Recorded ​ Principal ​ Investment Balance Investment Balance Commercial & Industrial ​ $ 568 ​ $ 654 ​ $ 596 ​ $ 685 Commercial real estate - owner occupied ​ 2,636 ​ 3,113 ​ 2,664 ​ 3,146 Commercial real estate - non-owner occupied ​ 368 ​ 402 ​ 1,018 ​ 1,150 Construction and development ​ — ​ — ​ — ​ — Residential 1‑4 family ​ 851 ​ 1,102 ​ 863 ​ 1,124 Consumer ​ — ​ — ​ — ​ — Other ​ — ​ — ​ — ​ — ​ ​ $ 4,423 ​ $ 5,271 ​ $ 5,141 ​ $ 6,105

MORTGAGE SERVICING RIGHTS (Tabl

MORTGAGE SERVICING RIGHTS (Tables)	3 Months Ended
	Mar. 31, 2022
MORTGAGE SERVICING RIGHTS
Schedule of analysis of activity in the MSR asset	Following is an analysis of activity in the MSR asset: ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended Year Ended ​ ​ March 31, 2022 ​ December 31, 2021 Fair value at beginning of period ​ $ 5,016 ​ $ 3,726 Servicing asset additions ​ 269 ​ 1,862 Loan payments and payoffs ​ (193) ​ (1,319) Changes in valuation inputs and assumptions used in the valuation model ​ 374 ​ 747 Amount recognized through earnings ​ 450 ​ 1,290 Fair value at end of period ​ $ 5,466 ​ $ 5,016 ​ ​ ​ ​ ​ ​ ​ Unpaid principal balance of loans serviced for others ​ $ 715,599 ​ $ 705,462 Mortgage servicing rights as a percent of loans serviced for others ​ 0.76 ​ 0.71

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	3 Months Ended
	Mar. 31, 2022
NOTES PAYABLE
Schedule of advance rate and maturities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ Maturity ​ Rate ​ 2022 ​ 2021 Fixed rate, fixed term ​ 01/24/2022 ​ 2.51 % $ — ​ $ 250 Fixed rate, fixed term ​ 05/02/2022 ​ 2.98 % ​ 500 ​ ​ 500 Fixed rate, fixed term ​ 05/16/2022 ​ 0.00 % ​ 5,000 ​ ​ 5,000 Fixed rate, fixed term ​ 06/08/2022 ​ 2.92 % ​ 500 ​ ​ 500 Fixed rate, fixed term ​ 11/21/2022 ​ 3.02 % ​ 600 ​ ​ 600 Fixed rate, fixed term ​ 11/21/2023 ​ 3.06 % ​ 600 ​ ​ 600 Fixed rate, fixed term ​ 04/22/2030 ​ 0.00 % ​ 508 ​ ​ 508 ​ ​ ​ ​ ​ ​ ​ 7,708 ​ ​ 7,958 Adjustment due to purchase accounting ​ ​ ​ ​ ​ ​ 39 ​ ​ 53 ​ ​ ​ ​ ​ ​ $ 7,747 ​ $ 8,011
Schedule of Future maturities of borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, December 31, ​ ​ 2022 ​ 2021 1 year or less ​ $ 6,600 ​ $ 6,850 1 to 2 years ​ 600 ​ 600 2 to 3 years ​ — ​ — 3 to 4 years ​ — ​ — 4 to 5 years ​ — ​ — Over 5 years ​ ​ 508 ​ ​ 508 ​ ​ $ 7,708 ​ $ 7,958

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	3 Months Ended
	Mar. 31, 2022
REGULATORY MATTERS
Schedule of Actual and required capital amounts and ratios	Actual and required capital amounts and ratios are presented below at period-end: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To Be Well ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Capitalized Under ​ ​ ​ ​ ​ ​ ​ For Capital ​ Adequacy with ​ Prompt Corrective ​ ​ Actual ​ Adequacy Purposes ​ Capital Buffer ​ Action Provisions ​ Amount Ratio Amount Ratio Amount Ratio Amount Ratio ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ Corporation ​ $ 303,043 12.19 % ​ NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 296,778 11.94 % $ 198,822 8.00 % $ 260,953 10.50 % $ 248,527 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 10.61 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 11.07 % $ 149,116 6.00 % $ 211,248 8.50 % $ 198,822 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 10.61 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 11.07 % $ 111,837 4.50 % $ 173,969 7.00 % $ 161,542 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporation ​ $ 263,794 8.37 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 275,029 8.73 % $ 126,004 4.00 % $ 126,004 4.00 % $ 157,505 5.00 % December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Total capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 297,467 12.44 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 291,994 12.21 % $ 191,339 8.00 % $ 251,133 10.50 % $ 239,174 10.00 % Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 10.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 11.36 % $ 143,505 6.00 % $ 203,298 8.50 % $ 191,339 8.00 % Common Equity Tier 1 capital (to risk-weighted assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 10.86 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 11.36 % $ 107,628 4.50 % $ 167,422 7.00 % $ 155,463 6.50 % Tier 1 capital (to average assets): ​ ​ ​ ​ ​ ​ Corporation ​ $ 259,652 9.29 % NA NA ​ NA NA ​ NA NA ​ Bank ​ $ 271,679 9.72 % $ 111,825 4.00 % $ 111,825 4.00 % $ 139,781 5.00 %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of Commitments and contingencies outstanding	The following commitments were outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Notional Amount ​ March 31, 2022 ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ Commitments to extend credit: ​ ​ Fixed ​ $ 82,415 ​ $ 90,036 Variable ​ 402,758 ​ 412,095 Credit card arrangements ​ 10,561 ​ 10,916 Letters of credit ​ 9,706 ​ 9,062

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2022
FAIR VALUE MEASUREMENTS
Schedule of fair value of assets measured at fair value on a recurring basis	Information regarding the fair value of assets measured at fair value on a recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Instruments Markets Other Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2022 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 146,110 ​ $ — ​ $ 146,110 ​ $ — Obligations of U.S. Government sponsored agencies ​ 23,843 ​ — ​ 23,843 ​ — Obligations of states and political subdivisions ​ 79,897 ​ — ​ 79,897 ​ — Mortgage-backed securities ​ ​ 25,203 ​ ​ — ​ ​ 25,203 ​ ​ — Corporate notes ​ 20,499 ​ — ​ 20,499 ​ — Certificates of deposit ​ ​ 1,511 ​ ​ — ​ ​ 1,511 ​ ​ — Mortgage servicing rights ​ 5,466 ​ — ​ 5,466 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ Assets ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury securities ​ $ 49,502 ​ $ — ​ $ 49,502 ​ $ — Obligations of U.S. Government sponsored agencies ​ 26,546 ​ — ​ 26,546 ​ — Obligations of states and political subdivisions ​ 86,738 ​ — ​ 86,738 ​ — Mortgage-backed securities ​ ​ 27,259 ​ ​ — ​ ​ 27,259 ​ ​ — Corporate notes ​ 21,102 ​ — ​ 21,102 ​ — Certificates of deposit ​ ​ 1,542 ​ ​ — ​ ​ 1,542 ​ ​ — Mortgage servicing rights ​ 5,016 ​ — ​ 5,016 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of fair value of assets measured on a non-recurring basis	Information regarding the fair value of assets measured at fair value on a non-recurring basis is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted Prices ​ ​ ​ ​ ​ ​ ​ ​ ​ In Active ​ Significant ​ ​ ​ ​ ​ Assets ​ Markets ​ Other ​ Significant ​ ​ Measured ​ for Identical ​ Observable ​ Unobservable ​ ​ At Fair ​ Assets ​ Inputs ​ Inputs ​ ​ Value ​ (Level 1) ​ (Level 2) ​ (Level 3) March 31, 2022 ​ ​ ​ ​ Impaired Loans, net of impairment reserve ​ $ 4,117 ​ $ — ​ $ — ​ $ 4,117 December 31, 2021 ​ ​ ​ ​ OREO ​ $ 150 ​ $ — ​ $ — ​ $ 150 Impaired Loans, net of impairment reserve ​ 6,233 ​ — ​ — ​ 6,233 ​ ​ $ 6,383 ​ $ — ​ $ — ​ $ 6,383
Schedule of fair value measurement on inputs and valuation techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Unobservable ​ Range of ​ Average ​ ​ Valuation Technique ​ Inputs ​ Discounts Discount ​ As of March 31, 2022 ​ Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 6.1 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2021 ​ Other real estate owned Third party appraisals, sales contracts or brokered price options Collateral discounts and estimated costs to sell 18% - 97 % 18.0 % Impaired loans Third party appraisals and discounted cash flows Collateral discounts and discount rates 0% - 100 % 7.4 %
Schedule of carrying value and estimated fair value of financial instruments	The carrying value and estimated fair value of financial instruments at March 31, 2022 and December 31, 2021 follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 amount Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 107,359 ​ $ 107,359 ​ $ — ​ $ — ​ $ 107,359 Securities held to maturity ​ 5,841 ​ — ​ 5,845 ​ — ​ 5,845 Securities available for sale ​ 297,063 ​ — ​ 297,063 ​ — ​ 297,063 Loans held for sale ​ 371 ​ — ​ — ​ 371 ​ 371 Loans, net ​ 2,294,939 ​ — ​ — ​ 2,262,091 ​ 2,262,091 Other investments, at cost ​ 19,563 ​ — ​ — ​ 19,563 ​ 19,563 Mortgage servicing rights ​ 5,466 ​ — ​ 5,466 ​ — ​ 5,466 Cash surrender value of life insurance ​ 32,084 ​ 32,084 ​ — ​ — ​ 32,084 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,557,106 ​ $ — ​ $ — ​ $ 2,358,068 ​ $ 2,358,068 Securities sold under repurchase agreements ​ 13,130 ​ — ​ 13,130 ​ — ​ ​ 13,130 Notes payable ​ ​ 7,747 ​ ​ — ​ ​ 7,747 ​ ​ — ​ ​ 7,747 Subordinated notes ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ amount ​ Level 1 ​ Level 2 ​ Level 3 ​ Total Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 296,860 ​ $ 296,860 ​ $ — ​ $ — ​ $ 296,860 Securities held to maturity ​ 5,911 ​ — ​ 5,922 ​ — ​ 5,922 Securities available for sale ​ 212,689 ​ — ​ 212,689 ​ — ​ 212,689 Loans held for sale ​ 786 ​ — ​ — ​ 786 ​ 786 Loans, net ​ 2,215,199 ​ — ​ — ​ 2,210,593 ​ 2,210,593 Other investments, at cost ​ 9,004 ​ — ​ — ​ 9,004 ​ 9,004 Mortgage servicing rights ​ 5,016 ​ — ​ 5,016 ​ — ​ 5,016 Cash surrender value of life insurance ​ ​ 31,897 ​ 31,897 ​ — ​ — ​ 31,897 Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,528,440 ​ $ — ​ $ — ​ $ 2,457,287 ​ $ 2,457,287 Securities sold under repurchase agreements ​ ​ 41,122 ​ — ​ 41,122 ​ — ​ ​ 41,122 Notes payable ​ 8,011 ​ ​ — ​ ​ 8,011 ​ ​ — ​ ​ 8,011 Subordinated notes ​ 17,500 ​ ​ — ​ ​ 17,500 ​ ​ — ​ ​ 17,500

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2022
STOCK BASED COMPENSATION
Schedule of share-based compensation, restricted stock and restricted stock units activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the year ended ​ For the year ended ​ ​ March 31, 2022 ​ March 31, 2021 ​ ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average Grant- ​ ​ ​ Average Grant- ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Restricted Stock ​ ​ Outstanding at beginning of year 58,611 ​ $ 61.44 57,175 ​ $ 53.08 Granted 25,451 ​ 69.73 25,416 ​ 70.67 Vested (20,785) ​ 60.52 (21,121) ​ 49.52 Forfeited or cancelled (3,651) ​ 60.50 (399) ​ 62.79 Outstanding at end of year 59,626 ​ $ 65.87 61,071 ​ $ 61.57

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
LEASES
Schedule of lease cost and other information related to leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended ​ March 31, 2022 March 31, 2021 Amortization of ROU Assets - Operating Leases ​ $ — ​ $ 4 ​ Interest on Lease Liabilities - Operating Leases ​ 22 ​ ​ 22 ​ Operating Lease Cost (Cost resulting from lease payments) ​ 22 ​ ​ 26 ​ Weighted Average Lease Term (Years) - Operating Leases ​ 31.75 ​ ​ 32.58 ​ Weighted Average Discount Rate - Operating Leases ​ 5.50 % ​ 5.50 %
Schedule of maturity analysis of operating lease liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liabilities as of March 31, 2022 is as follows: ​ ​ ​ ​ ​ ​ March 31, 2022 Operating lease payments due: ​ ​ Within one year ​ $ 86 After one but within two years ​ ​ 85 After two but within three years ​ ​ 85 After three but within four years ​ ​ 88 After four years but within five years ​ ​ 94 After five years ​ ​ 3,208 Total undiscounted cash flows ​ ​ 3,646 Discount on cash flows ​ ​ (2,065) Total operating lease liabilities ​ $ 1,581

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Millions	Jan. 18, 2022	Mar. 31, 2022
Business Combination Consideration Transferred In Cash Percentage	20.00%
Business Combination Consideration Transferred Common Stock Percentage	80.00%
Tomah Bancshares
Business Combination, Consideration Transferred		$ 2,790
Business Combination, Contingent Consideration, Liability	$ 119
Business Combination, Contingent Consideration, Asset		3,610
Core Deposits | Tomah Bancshares
Business Combination, Consideration Transferred		$ 3,170

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Basic
Net income available to common shareholders	$ 10,183	$ 11,514
Less: Earnings allocated to participating securities	(79)	(88)
Net income allocated to common shareholders	$ 10,104	$ 11,426
Weighted average common shares outstanding including participating securities	7,599,382	7,716,424
Less: Participating securities (1)	(59,119)	(59,123)
Average shares	7,540,263	7,657,301
Basic earnings per common shares	$ 1.34	$ 1.49
Diluted
Net income available to common shareholders	$ 10,183	$ 11,514
Weighted average common shares outstanding for basic earnings per common share	7,540,263	7,657,301
Add: Dilutive effects of stock based compensation awards	18,956	20,675
Average shares and dilutive potential common shares	7,559,219	7,677,976
Diluted earnings per common share	$ 1.34	$ 1.49
Antidilutive Securities excluded from computation of earnings per share, amount	0	0

SECURITIES - Securities availab

SECURITIES - Securities available for sale (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	$ 303,352	$ 207,747
Available for sale securities, Gross Unrealized Gains	1,617	5,638
Available for sale securities, Gross Unrealized Losses	(7,906)	(696)
Available for sale securities, Estimated Fair Value	297,063	212,689
Corporate notes
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	20,580	20,760
Available for sale securities, Gross Unrealized Gains	389	436
Available for sale securities, Gross Unrealized Losses	(470)	(94)
Available for sale securities, Estimated Fair Value	20,499	21,102
Certificates of deposit
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	1,520	1,529
Available for sale securities, Gross Unrealized Gains		13
Available for sale securities, Gross Unrealized Losses	(9)
Available for sale securities, Estimated Fair Value	1,511	1,542
U.S. Treasury securities
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	149,576	49,574
Available for sale securities, Gross Unrealized Gains		121
Available for sale securities, Gross Unrealized Losses	(3,466)	(193)
Available for sale securities, Estimated Fair Value	146,110	49,502
Obligations of U.S. Government sponsored agencies
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	25,398	26,722
Available for sale securities, Gross Unrealized Gains		165
Available for sale securities, Gross Unrealized Losses	(1,555)	(341)
Available for sale securities, Estimated Fair Value	23,843	26,546
Obligations of states and political subdivisions
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	81,173	83,019
Available for sale securities, Gross Unrealized Gains	1,009	3,786
Available for sale securities, Gross Unrealized Losses	(2,285)	(67)
Available for sale securities, Estimated Fair Value	79,897	86,738
Mortgage-backed securities
Marketable Securities [Line Items]
Available for sale securities, Amortized Cost	25,105	26,143
Available for sale securities, Gross Unrealized Gains	219	1,117
Available for sale securities, Gross Unrealized Losses	(121)	(1)
Available for sale securities, Estimated Fair Value	$ 25,203	$ 27,259

SECURITIES - Securities held to

SECURITIES - Securities held to maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Held to maturity securities, Amortized Cost	$ 5,841	$ 5,911
Held to Maturity Total, Estimated Fair Value	5,845	5,922
Obligations of states and political subdivisions
Marketable Securities [Line Items]
Held to maturity securities, Amortized Cost	5,841	5,911
Held to maturity securities, Gross Unrealized Gains	4	11
Held to maturity securities, Gross Unrealized Losses	0	0
Held to Maturity Total, Estimated Fair Value	$ 5,845	$ 5,922

SECURITIES- Fair value and gros

SECURITIES- Fair value and gross unrealized losses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	$ 233,270	$ 65,782
Available for Sale, Greater Than 12 Months Fair Value	4,169	4,558
Available for Sale, Total Fair Value	237,439	70,340
Available for Sale, Less Than 12 Months Unrealized Losses	(7,352)	(441)
Available for Sale, Greater Than 12 Months Unrealized Losses	(554)	(255)
Available for Sale, Total Unrealized Losses	(7,906)	(696)
Corporate notes
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	13,806	8,973
Available for Sale, Greater Than 12 Months Fair Value		0
Available for Sale, Total Fair Value	13,806	8,973
Available for Sale, Less Than 12 Months Unrealized Losses	(470)	(94)
Available for Sale, Greater Than 12 Months Unrealized Losses		0
Available for Sale, Total Unrealized Losses	(470)	(94)
Certificate Of Deposits.
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	1,011
Available for Sale, Total Fair Value	1,011
Available for Sale, Less Than 12 Months Unrealized Losses	(9)
Available for Sale, Total Unrealized Losses	(9)
U.S. Treasury securities
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	146,110	34,746
Available for Sale, Total Fair Value	146,110	34,746
Available for Sale, Less Than 12 Months Unrealized Losses	(3,466)	(193)
Available for Sale, Total Unrealized Losses	(3,466)	(193)
Obligations of U.S. Government sponsored agencies
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	19,674	13,185
Available for Sale, Greater Than 12 Months Fair Value	4,169	4,558
Available for Sale, Total Fair Value	23,843	17,743
Available for Sale, Less Than 12 Months Unrealized Losses	(1,001)	(86)
Available for Sale, Greater Than 12 Months Unrealized Losses	(554)	(255)
Available for Sale, Total Unrealized Losses	(1,555)	(341)
Obligations of states and political subdivisions
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	40,641	8,624
Available for Sale, Total Fair Value	40,641	8,624
Available for Sale, Less Than 12 Months Unrealized Losses	(2,285)	(67)
Available for Sale, Total Unrealized Losses	(2,285)	(67)
Mortgage-backed securities
Marketable Securities [Line Items]
Available for Sale, Less Than 12 Months Fair Value	12,028	254
Available for Sale, Total Fair Value	12,028	254
Available for Sale, Less Than 12 Months Unrealized Losses	(121)	(1)
Available for Sale, Total Unrealized Losses	$ (121)	$ (1)

SECURITIES - Summary of amortiz

SECURITIES - Summary of amortized cost and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
SECURITIES
Available for Sale Due in one year or less, Amortized Cost	$ 100,792
Available for Sale Due after one year through five years, Amortized Cost	15,351
Available for Sale Due after five years through ten years, Amortized Cost	88,204
Available for Sale Due after ten years, Amortized Cost	73,900
Available for Sale Subtotal, Amortized Cost	278,247
Available for Sale Mortgage-backed securities, Amortized Cost	25,105
Available for sale securities, Amortized Cost	303,352	$ 207,747
Available for Sale Due in one year or less, Estimated Fair Value	100,458
Available for Sale Due after one year through five years, Estimated Fair Value	15,527
Available for Sale Due after five years through ten years, Estimated Fair Value	84,383
Available for Sale Due after ten years, Estimated Fair Value	71,492
Available for Sale Subtotal, Estimated Fair Value	271,860
Available for Sale Mortgage-backed securities, Estimated Fair Value	25,203
Available for sale securities, Estimated Fair Value	297,063	212,689
Held to Maturity Due in one year or less, Amortized Cost	915
Held to Maturity Due after one year through five years, Amortized Cost	3,222
Held to Maturity Due after five years through ten years, Amortized Cost	1,704
Held to Maturity Subtotal, Amortized Cost	5,841
Held to maturity securities, Amortized Cost	5,841	5,911
Held to Maturity Due in one year or less, Estimated Fair Value	917
Held to Maturity Due after one year through five years, Estimated Fair Value	3,224
Held to Maturity Due after five years through ten years, Estimated Fair Value	1,704
Held to Maturity Subtotal, Estimated Fair Value	5,845
Held to Maturity Total, Estimated Fair Value	$ 5,845	$ 5,922

SECURITIES - Summary of proceed

SECURITIES - Summary of proceeds from sales securities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
SECURITIES
Sale of securities available for sale	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_3

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Portfolio segment and class of loan (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable, Gross	$ 2,317,890	$ 2,237,226	$ 2,232,826
ALL	(21,749)	(20,315)	(18,531)	$ (17,658)
Loans, net of ALL	2,296,141	2,216,911
Deferred loan fees and costs	(1,202)	(1,712)
Loans, net	2,294,939	2,215,199
Other
Loans and Leases Receivable, Gross	21,502	21,489	40,579
ALL	(175)	(179)	(387)	(409)
Construction and Development
Loans and Leases Receivable, Gross	151,984	132,675	136,277
ALL	(1,130)	(984)	(1,185)	(1,027)
Commercial/Industrial
Loans and Leases Receivable, Gross	365,884	367,284	474,920
ALL	(3,795)	(3,699)	(2,446)	(2,049)
Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	606,910	574,960	552,779
ALL	(6,511)	(5,633)	(6,345)	(6,108)
Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	550,569	537,077	444,182
ALL	(5,219)	(5,151)	(3,846)	(3,904)
Residential 1-4 Family
Loans and Leases Receivable, Gross	588,046	571,749	554,353
ALL	(4,689)	(4,445)	(4,121)	(3,960)
Consumer
Loans and Leases Receivable, Gross	32,995	31,992	29,736
ALL	$ (230)	$ (224)	$ (201)	$ (201)

LOANS, ALLOWANCE FOR LOAN LOS_4

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY- ALL by loan type (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
ALL - Beginning Balance	$ 20,315	$ 17,658
Charge-offs	(3)	(34)
Recoveries	237	7
Provision	1,200	900
ALL - Ending Balance	21,749	18,531
ALL ending balance individually evaluated for impairment	913	752
ALL ending balance collectively evaluated for impairment	20,836	17,779
Loans outstanding - Ending Balance	2,317,890	2,232,826	$ 2,237,226
Loans ending balance individually evaluated for impairment	5,030	11,997
Loans ending balance collectively evaluated for impairment	2,312,860	2,220,829
Other
ALL - Beginning Balance	179	409
Charge-offs	(3)	(10)
Recoveries	4	1
Provision	(5)	(13)
ALL - Ending Balance	175	387
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	175	387
Loans outstanding - Ending Balance	21,502	40,579	21,489
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	21,502	40,579
Construction and Development
ALL - Beginning Balance	984	1,027
Charge-offs	0	0
Recoveries	152	0
Provision	(6)	158
ALL - Ending Balance	1,130	1,185
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	1,130	1,185
Loans outstanding - Ending Balance	151,984	136,277	132,675
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	151,984	136,277
Commercial/Industrial
ALL - Beginning Balance	3,699	2,049
Charge-offs	0	0
Recoveries	2	2
Provision	94	395
ALL - Ending Balance	3,795	2,446
ALL ending balance individually evaluated for impairment	82	15
ALL ending balance collectively evaluated for impairment	3,713	2,431
Loans outstanding - Ending Balance	365,884	474,920	367,284
Loans ending balance individually evaluated for impairment	715	1,257
Loans ending balance collectively evaluated for impairment	365,169	473,663
Commercial Real Estate - Owner Occupied
ALL - Beginning Balance	5,633	6,108
Charge-offs	0	(24)
Recoveries	74	0
Provision	804	261
ALL - Ending Balance	6,511	6,345
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	6,511	6,345
Loans outstanding - Ending Balance	606,910	552,779	574,960
Loans ending balance individually evaluated for impairment	2,635	1,149
Loans ending balance collectively evaluated for impairment	604,275	551,630
Commercial Real Estate - Non-Owner Occupied
ALL - Beginning Balance	5,151	3,904
Charge-offs	0	0
Recoveries	3	0
Provision	65	(58)
ALL - Ending Balance	5,219	3,846
ALL ending balance individually evaluated for impairment	831	737
ALL ending balance collectively evaluated for impairment	4,388	3,109
Loans outstanding - Ending Balance	550,569	444,182	537,077
Loans ending balance individually evaluated for impairment	1,455	9,331
Loans ending balance collectively evaluated for impairment	549,114	434,851
Residential 1-4 Family
ALL - Beginning Balance	4,445	3,960
Charge-offs	0	0
Recoveries	2	4
Provision	242	157
ALL - Ending Balance	4,689	4,121
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	4,689	4,121
Loans outstanding - Ending Balance	588,046	554,353	571,749
Loans ending balance individually evaluated for impairment	225	260
Loans ending balance collectively evaluated for impairment	587,821	554,093
Consumer
ALL - Beginning Balance	224	201
Charge-offs	0	0
Recoveries	0	0
Provision	6	0
ALL - Ending Balance	230	201
ALL ending balance individually evaluated for impairment	0	0
ALL ending balance collectively evaluated for impairment	230	201
Loans outstanding - Ending Balance	32,995	29,736	$ 31,992
Loans ending balance individually evaluated for impairment	0	0
Loans ending balance collectively evaluated for impairment	$ 32,995	$ 29,736

LOANS, ALLOWANCE FOR LOAN LOS_5

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Past due loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 4,487	$ 7,241
Financing Receivable, Recorded Investment, Nonaccrual Status	7,016	10,321
Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
Financing Receivable, Recorded Investment, Nonaccrual Status	0	0
Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	18	19
Financing Receivable, Recorded Investment, Nonaccrual Status	519	19
Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	233	247
Financing Receivable, Recorded Investment, Nonaccrual Status	1,146	997
Commercial Real Estate - Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	3,804	5,884
Financing Receivable, Recorded Investment, Nonaccrual Status	3,804	5,884
Commercial Real Estate - Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	650
Financing Receivable, Recorded Investment, Nonaccrual Status	64	715
Residential 1-4 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	431	439
Financing Receivable, Recorded Investment, Nonaccrual Status	1,459	2,686
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1	2
Financing Receivable, Recorded Investment, Nonaccrual Status	24	20
30-89 Days Past Due Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	1,568	2,081
30-89 Days Past Due Accruing | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
30-89 Days Past Due Accruing | Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	501	0
30-89 Days Past Due Accruing | Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	164	12
30-89 Days Past Due Accruing | Commercial Real Estate - Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
30-89 Days Past Due Accruing | Commercial Real Estate - Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	64	65
30-89 Days Past Due Accruing | Residential 1-4 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	830	2,002
30-89 Days Past Due Accruing | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	9	2
90 Days Past Due Accruing
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	961	999
90 Days Past Due Accruing | Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Commercial/Industrial
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	749	738
90 Days Past Due Accruing | Commercial Real Estate - Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Commercial Real Estate - Non-Owner Occupied
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	0	0
90 Days Past Due Accruing | Residential 1-4 Family
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	198	245
90 Days Past Due Accruing | Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Financing Receivable, Recorded Investment, Past Due	$ 14	$ 16

LOANS, ALLOWANCE FOR LOAN LOS_6

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Breakdown of loans by risk rating (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Loans and Leases Receivable, Gross	$ 2,317,890	$ 2,237,226	$ 2,232,826
Other
Loans and Leases Receivable, Gross	21,502	21,489	40,579
Construction and Development
Loans and Leases Receivable, Gross	151,984	132,675	136,277
Commercial/Industrial
Loans and Leases Receivable, Gross	365,884	367,284	474,920
Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	606,910	574,960	552,779
Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	550,569	537,077	444,182
Residential 1-4 Family
Loans and Leases Receivable, Gross	588,046	571,749	554,353
Consumer
Loans and Leases Receivable, Gross	32,995	31,992	$ 29,736
Pass (1-5)
Loans and Leases Receivable, Gross	2,261,086	2,194,275
Pass (1-5) | Other
Loans and Leases Receivable, Gross	21,502	21,489
Pass (1-5) | Construction and Development
Loans and Leases Receivable, Gross	150,771	131,429
Pass (1-5) | Commercial/Industrial
Loans and Leases Receivable, Gross	353,369	355,469
Pass (1-5) | Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	570,640	551,801
Pass (1-5) | Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	546,263	532,077
Pass (1-5) | Residential 1-4 Family
Loans and Leases Receivable, Gross	585,549	570,022
Pass (1-5) | Consumer
Loans and Leases Receivable, Gross	32,992	31,988
Pass 6
Loans and Leases Receivable, Gross	15,306	83
Pass 6 | Other
Loans and Leases Receivable, Gross	0	0
Pass 6 | Construction and Development
Loans and Leases Receivable, Gross	0	0
Pass 6 | Commercial/Industrial
Loans and Leases Receivable, Gross	35	0
Pass 6 | Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	15,271	0
Pass 6 | Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	0	0
Pass 6 | Residential 1-4 Family
Loans and Leases Receivable, Gross	0	83
Pass 6 | Consumer
Loans and Leases Receivable, Gross	0	0
Pass 7
Loans and Leases Receivable, Gross	41,498	42,868
Pass 7 | Other
Loans and Leases Receivable, Gross	0	0
Pass 7 | Construction and Development
Loans and Leases Receivable, Gross	1,213	1,246
Pass 7 | Commercial/Industrial
Loans and Leases Receivable, Gross	12,480	11,815
Pass 7 | Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	20,999	23,159
Pass 7 | Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	4,306	5,000
Pass 7 | Residential 1-4 Family
Loans and Leases Receivable, Gross	2,497	1,644
Pass 7 | Consumer
Loans and Leases Receivable, Gross	3	4
Pass 8
Loans and Leases Receivable, Gross	0	0
Pass 8 | Other
Loans and Leases Receivable, Gross	0	0
Pass 8 | Construction and Development
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial/Industrial
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial Real Estate - Owner Occupied
Loans and Leases Receivable, Gross	0	0
Pass 8 | Commercial Real Estate - Non-Owner Occupied
Loans and Leases Receivable, Gross	0	0
Pass 8 | Residential 1-4 Family
Loans and Leases Receivable, Gross	0	0
Pass 8 | Consumer
Loans and Leases Receivable, Gross	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_7

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY -Summary of impaired loans individually (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
With an allowance recorded:
Recorded investment	$ 1,694	$ 1,763
Unpaid principal balance	1,694	1,763
Related allowance	913	964
With no related allowance recorded:
Recorded investment	3,336	5,434
Unpaid principal balance	3,336	5,434
Related allowance	0
Total:
Recorded investment	5,030	7,197
Unpaid principal balance	5,030	7,197
Related allowance	913	964
Average recorded investment	6,114	8,893
Other
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Construction and Development
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	0	0
Commercial/Industrial
With an allowance recorded:
Recorded investment	352	357
Unpaid principal balance	352	357
Related allowance	82	70
With no related allowance recorded:
Recorded investment	364	82
Unpaid principal balance	364	82
Related allowance	0	0
Total:
Recorded investment	716	439
Unpaid principal balance	716	439
Related allowance	82	70
Average recorded investment	578	459
Commercial Real Estate - Owner Occupied
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	2,635	4,966
Unpaid principal balance	2,635	4,966
Related allowance	0	0
Total:
Recorded investment	2,635	4,966
Unpaid principal balance	2,635	4,966
Related allowance	0	0
Average recorded investment	3,801	3,069
Commercial Real Estate - Non-Owner Occupied
With an allowance recorded:
Recorded investment	1,342	1,406
Unpaid principal balance	1,342	1,406
Related allowance	831	894
With no related allowance recorded:
Recorded investment	112	113
Unpaid principal balance	112	113
Related allowance	0	0
Total:
Recorded investment	1,454	1,519
Unpaid principal balance	1,454	1,519
Related allowance	831	894
Average recorded investment	1,487	5,098
Residential 1-4 Family
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	225	273
Unpaid principal balance	225	273
Related allowance	0	0
Total:
Recorded investment	225	273
Unpaid principal balance	225	273
Related allowance	0	0
Average recorded investment	249	267
Consumer
With an allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
With no related allowance recorded:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Total:
Recorded investment	0	0
Unpaid principal balance	0	0
Related allowance	0	0
Average recorded investment	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_8

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Credit Deterioration (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Impaired Financing Receivable, Recorded Investment	$ 5,030	$ 7,197
Impaired Financing Receivable, Unpaid Principal Balance	5,030	7,197
Other
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Construction and Development
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Commercial/Industrial
Impaired Financing Receivable, Recorded Investment	716	439
Impaired Financing Receivable, Unpaid Principal Balance	716	439
Commercial Real Estate - Owner Occupied
Impaired Financing Receivable, Recorded Investment	2,635	4,966
Impaired Financing Receivable, Unpaid Principal Balance	2,635	4,966
Commercial Real Estate - Non-Owner Occupied
Impaired Financing Receivable, Recorded Investment	1,454	1,519
Impaired Financing Receivable, Unpaid Principal Balance	1,454	1,519
Residential 1-4 Family
Impaired Financing Receivable, Recorded Investment	225	273
Impaired Financing Receivable, Unpaid Principal Balance	225	273
Consumer
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Financial Asset Acquired with Credit Deterioration
Impaired Financing Receivable, Recorded Investment	4,423	5,141
Impaired Financing Receivable, Unpaid Principal Balance	5,271	6,105
Financial Asset Acquired with Credit Deterioration | Other
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Financial Asset Acquired with Credit Deterioration | Construction and Development
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	0	0
Financial Asset Acquired with Credit Deterioration | Commercial/Industrial
Impaired Financing Receivable, Recorded Investment	568	596
Impaired Financing Receivable, Unpaid Principal Balance	654	685
Financial Asset Acquired with Credit Deterioration | Commercial Real Estate - Owner Occupied
Impaired Financing Receivable, Recorded Investment	2,636	2,664
Impaired Financing Receivable, Unpaid Principal Balance	3,113	3,146
Financial Asset Acquired with Credit Deterioration | Commercial Real Estate - Non-Owner Occupied
Impaired Financing Receivable, Recorded Investment	368	1,018
Impaired Financing Receivable, Unpaid Principal Balance	402	1,150
Financial Asset Acquired with Credit Deterioration | Residential 1-4 Family
Impaired Financing Receivable, Recorded Investment	851	863
Impaired Financing Receivable, Unpaid Principal Balance	1,102	1,124
Financial Asset Acquired with Credit Deterioration | Consumer
Impaired Financing Receivable, Recorded Investment	0	0
Impaired Financing Receivable, Unpaid Principal Balance	$ 0	$ 0

LOANS, ALLOWANCE FOR LOAN LOS_9

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Change in the accretable and non accretable Components of Discounts on Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accretable Discount [Member]
Balance at beginning of year	$ 813	$ 1,250
Reclassifications between accretable and non-accretable	7	27
Accretion to loan interest income	(115)	(464)
Balance at end of year	705	813
Non Accretable Discount [Member]
Balance at beginning of year	149	176
Reclassifications between accretable and non-accretable	(7)	(27)
Balance at end of year	$ 142	$ 149

LOANS, ALLOWANCE FOR LOAN LO_10

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY- TDRs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)contract
Pre-Modification Outstanding Recorded Investment	$ 111
Post-Modification Outstanding Recorded Investment	$ 111
Commercial Real Estate
Number of Contracts | contract	1
Pre-Modification Outstanding Recorded Investment	$ 111
Post-Modification Outstanding Recorded Investment	$ 111

LOANS, ALLOWANCE FOR LOAN LO_11

LOANS, ALLOWANCE FOR LOAN LOSSES, AND CREDIT QUALITY - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Loans and Leases Receivable, Allowance	$ 21,749	$ 20,315	$ 18,531	$ 17,658
Minimum | Non-homogenous loans [Member]
Loans and Leases Receivable, Allowance	$ 250,000

MORTGAGE SERVICING RIGHTS - Ana

MORTGAGE SERVICING RIGHTS - Analysis of activity in MSR asset (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair value at beginning of period	$ 5,016	$ 3,726
Servicing asset additions	269	1,862
Loan payments and payoffs	(193)	(1,319)
Changes in valuation inputs and assumptions used in the valuation model	374	747
Amount recognized through earnings	450	1,290
Fair value at end of period	5,466	5,016
Unpaid principal balance of loans serviced for others	5,030	7,197
Other
Unpaid principal balance of loans serviced for others	$ 0	$ 0
Mortgage servicing rights as a percent of loans serviced for others	0.76%	0.71%
Other | Mortgage Servicing Rights.
Unpaid principal balance of loans serviced for others	$ 715,599	$ 705,462

MORTGAGE SERVICING RIGHTS - Add

MORTGAGE SERVICING RIGHTS - Additional Information (Details) - M	Mar. 31, 2022	Dec. 31, 2021
Measurement Input, Discount Rate
Mortgage Servicing Rights Discount Rate	10.30%	10.30%
Measurement Input, Prepayment Rate
Servicing Asset, Measurement Input	13.8	13.8

NOTES PAYABLE (Details)

NOTES PAYABLE (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Outstanding balances borrowed from FHLB	$ 7,700	$ 8,000
Long-term Debt	7,708		$ 7,958
FHLB advances, before adjustment due to purchase accounting	7,708	7,958
Purchase accounting adjustment	39	53
Total notes payable	$ 7,747	8,011
Maturity Of Fixed Term Twelve
Debt Instrument, Basis Spread on Variable Rate	2.51%
Long-term Debt		250
Maturity Of Fixed Term Thirteen
Debt Instrument, Basis Spread on Variable Rate	2.98%
Long-term Debt	$ 500	500
Maturity Of Fixed Term Fourteen
Debt Instrument, Basis Spread on Variable Rate	0.00%
Long-term Debt	$ 5,000	5,000
Maturity Of Fixed Term Fifteen
Debt Instrument, Basis Spread on Variable Rate	2.92%
Long-term Debt	$ 500	500
Maturity Of Fixed Term Sixteen
Debt Instrument, Basis Spread on Variable Rate	3.02%
Long-term Debt	$ 600	600
Maturity Of Fixed Term Seventeen
Debt Instrument, Basis Spread on Variable Rate	3.06%
Long-term Debt	$ 600	600
Maturity Of Fixed Term Nineteen
Debt Instrument, Basis Spread on Variable Rate	0.00%
Long-term Debt	$ 508	$ 508

NOTES PAYABLE- Future maturitie

NOTES PAYABLE- Future maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2020
NOTES PAYABLE
1 year or less	$ 6,600	$ 6,850
1 to 2 years	600	600
Over 5 years	508	508
Long-term Debt, Total	$ 7,708	$ 7,958

NOTES PAYABLE - Additional Info

NOTES PAYABLE - Additional Information (Details) - Commercial Bank Three - USD ($)	Mar. 31, 2022	Dec. 31, 2021	May 15, 2021
Line of Credit Facility, Maximum Borrowing Capacity			$ 7,500,000
Long-term Line of Credit	$ 0	$ 0

SUBORDINATED NOTES (Details)

SUBORDINATED NOTES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Subordinated Borrowing [Line Items]
Subordinated Debt	$ 17,500	$ 17,500
Subordinated debt.
Subordinated Borrowing [Line Items]
Subordinated Debt	11,500	11,500
Long-term Debt, Gross	$ 6,000	$ 6,000
Maturity term	10 years
Debt Instrument, Interest Rate During Period	5.00%

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Total capital (to risk-weighted assets):
Capital	$ 296,778	$ 291,994
Capital to Risk Weighted Assets	11.94	12.21
Capital Required for Capital Adequacy	$ 198,822	$ 191,339
Capital Required for Capital Adequacy to Risk Weighted Assets	8	8
Excess Capital	$ 260,953	$ 251,133
Excess Capital to Risk Weighted Assets	10.50	10.50
Capital Required to be Well Capitalized	$ 248,527	$ 239,174
Capital Required to be Well Capitalized to Risk Weighted Assets	10	10
Tier One Risk Based Capital [Abstract]
Tier One Risk Based Capital	$ 275,029	$ 271,679
Tier One Risk Based Capital to Risk Weighted Assets	11.07	11.36
Tier One Risk Based Capital Required for Capital Adequacy	$ 149,116	$ 143,505
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	6	6
Excess Tier One Risk Based Capital	$ 211,248	$ 203,298
Excess Tier One Risk Based Capital to Risk Weighted Assets	8.50	8.50
Tier One Risk Based Capital Required to be Well Capitalized	$ 198,822	$ 191,339
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	8	8
Common Equity Tier One Capital [Abstract]
Common Equity Tier One Capital	$ 275,029	$ 271,679
Common Equity Tier One Capital Ratio	11.07	11.36
Common Equity Tier One Capital Required for Capital Adequacy	$ 111,837	$ 107,628
Common Equity Tier One Capital Required for Capital Adequacy To Risk Weighted Assets	4.50%	4.50%
Excess Common Equity Tier One Capital	$ 173,969	$ 167,422
Excess Common Equity Tier One Capital to Risk Weighted Assets	7.00%	7.00%
Common Equity Tier One Capital Required to be Well-Capitalized	$ 161,542	$ 155,463
Common Equity Tier One Capital Required To Be Well Capitalized To Risk Weighted Assets	6.50%	6.50%
Tier One Leverage Capital [Abstract]
Tier One Leverage Capital	$ 275,029	$ 271,679
Tier One Leverage Capital to Average Assets	8.73	9.72
Tier One Leverage Capital Required for Capital Adequacy	$ 126,004	$ 111,825
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	4	4
Excess Tier One Leverage Capital	$ 126,004	$ 111,825
Excess Tier One Leverage Capital to Average Assets	4	4
Tier One Leverage Capital Required to be Well Capitalized	$ 157,505	$ 139,781
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	5	5
Company
Total capital (to risk-weighted assets):
Capital	$ 303,043	$ 297,467
Capital to Risk Weighted Assets	12.19	12.44
Tier One Risk Based Capital [Abstract]
Tier One Risk Based Capital	$ 263,794	$ 259,652
Tier One Risk Based Capital to Risk Weighted Assets	10.61	10.86
Common Equity Tier One Capital [Abstract]
Common Equity Tier One Capital	$ 263,794	$ 259,652
Common Equity Tier One Capital Ratio	10.61	10.86
Tier One Leverage Capital [Abstract]
Tier One Leverage Capital	$ 263,794	$ 259,652
Tier One Leverage Capital to Average Assets	8.37	9.29

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional Information (Details) - USD ($) $ in Billions	Mar. 31, 2022	Dec. 31, 2020
REGULATORY MATTERS
Capital Conservative Buffer	2.50%	2.50%
Threshold Amount Subject To Federal Reserve	$ 3

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Fixed	$ 82,415	$ 90,036
Variable	402,758	412,095
Credit card arrangements	10,561	10,916
Letters of credit	$ 9,706	$ 9,062

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Interest Rate Lock Commitments
Derivative, Notional Amount	$ 12.5	$ 21.9

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Securities available for sale
Mortgage Servicing Rights ("MSR")	$ 5,466	$ 5,016	$ 3,726
Significant Other Other Inputs (Level 2)
Securities available for sale
Mortgage Servicing Rights ("MSR")	5,466	5,016
Corporate notes
Securities available for sale
Instruments Measured At Fair Value	20,499	21,102
Corporate notes | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	20,499	21,102
Certificates of deposit
Securities available for sale
Instruments Measured At Fair Value	1,511	1,542
Certificates of deposit | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	1,511	1,542
U.S. Treasury securities
Securities available for sale
Instruments Measured At Fair Value	146,110	49,502
U.S. Treasury securities | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	146,110	49,502
Obligations of U.S. Government sponsored agencies
Securities available for sale
Instruments Measured At Fair Value	23,843	26,546
Obligations of U.S. Government sponsored agencies | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	23,843	26,546
Obligations of states and political subdivisions
Securities available for sale
Instruments Measured At Fair Value	79,897	86,738
Obligations of states and political subdivisions | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	79,897	86,738
Mortgage-backed securities
Securities available for sale
Instruments Measured At Fair Value	25,203	27,259
Mortgage-backed securities | Significant Other Other Inputs (Level 2)
Securities available for sale
Instruments Measured At Fair Value	$ 25,203	$ 27,259

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair value of assets measured on a non-recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
OREO		$ 150
Fair Value, Measurements, Nonrecurring
OREO		150
Impaired Loans, net of impairment reserve	$ 4,117	6,233
Assets, Fair Value Disclosure		6,383
Quoted Prices In Active Markets for Identical Assets (Level 1) | Fair Value, Measurements, Nonrecurring
OREO		0
Impaired Loans, net of impairment reserve	0	0
Assets, Fair Value Disclosure		0
Significant Other Other Inputs (Level 2) | Fair Value, Measurements, Nonrecurring
OREO		0
Impaired Loans, net of impairment reserve	0	0
Assets, Fair Value Disclosure		0
Significant Unobservable Inputs (Level 3) | Fair Value, Measurements, Nonrecurring
OREO		150
Impaired Loans, net of impairment reserve	$ 4,117	6,233
Assets, Fair Value Disclosure		$ 6,383

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair value measurement on inputs and valuation techniques (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Third party appraisals, sales contracts or brokered price options
Other real estate owned		Collateral discounts and estimated costs to sell
Third party appraisals, sales contracts or brokered price options | Maximum | Measurement Input, Discount Rate
Other real estate owned		97
Third party appraisals, sales contracts or brokered price options | Minimum | Measurement Input, Discount Rate
Other real estate owned		18	18
Third party appraisals, sales contracts or brokered price options | Weighted Average | Measurement Input, Discount Rate
Other real estate owned		18
Third party appraisals and discounted cash flows
Impaired Loans, Unobservable Inputs	Collateral discounts and discount rates	Collateral discounts and discount rates
Third party appraisals and discounted cash flows | Maximum | Measurement Input, Discount Rate
Loans Held-for-sale, Measurement Input	100	100
Third party appraisals and discounted cash flows | Minimum | Measurement Input, Discount Rate
Loans Held-for-sale, Measurement Input	0	0	0
Third party appraisals and discounted cash flows | Weighted Average | Measurement Input, Discount Rate
Loans Held-for-sale, Measurement Input	6.1	7.4

FAIR VALUE MEASUREMENTS - Carry

FAIR VALUE MEASUREMENTS - Carrying value and estimated fair value (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial assets:
Securities held to maturity	$ 5,845	$ 5,922
Securities available for sale	297,063	212,689
Mortgage servicing rights	5,466	5,016	$ 3,726
Significant Other Other Inputs (Level 2)
Financial assets:
Mortgage servicing rights	5,466	5,016
Carrying Amount
Financial assets:
Cash and cash equivalents	107,359	296,860
Securities held to maturity	5,841	5,911
Securities available for sale	297,063	212,689
Loans held for sale	371	786
Loans, net	2,294,939	2,215,199
Other investments, at cost	19,563	9,004
Mortgage servicing rights	5,466	5,016
Cash surrender value of life insurance	32,084	31,897
Financial liabilities:
Deposits	2,557,106	2,528,440
Securities sold under repurchase agreements	13,130	41,122
Notes Payable	7,747	8,011
Subordinated notes	17,500	17,500
Carrying Amount | Quoted Prices In Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	107,359	296,860
Securities held to maturity	0	0
Securities available for sale	0	0
Loans held for sale	0	0
Loans, net	0	0
Other investments, at cost	0	0
Mortgage servicing rights	0	0
Cash surrender value of life insurance	32,084	31,897
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	0	0
Notes Payable	0	0
Subordinated notes	0	0
Carrying Amount | Significant Other Other Inputs (Level 2)
Financial assets:
Cash and cash equivalents	0	0
Securities held to maturity	5,845	5,922
Securities available for sale	297,063	212,689
Loans held for sale	0	0
Loans, net	0	0
Other investments, at cost	0	0
Mortgage servicing rights	5,466	5,016
Cash surrender value of life insurance	0	0
Financial liabilities:
Deposits	0	0
Securities sold under repurchase agreements	13,130	41,122
Notes Payable	7,747	8,011
Subordinated notes	17,500	17,500
Carrying Amount | Significant Unobservable Inputs (Level 3)
Financial assets:
Cash and cash equivalents	0	0
Securities held to maturity	0	0
Securities available for sale	0	0
Loans held for sale	371	786
Loans, net	2,262,091	2,210,593
Other investments, at cost	19,563	9,004
Mortgage servicing rights	0	0
Cash surrender value of life insurance	0	0
Financial liabilities:
Deposits	2,358,068	2,457,287
Securities sold under repurchase agreements	0	0
Notes Payable	0	0
Subordinated notes	0	0
Estimated Fair Value
Financial assets:
Cash and cash equivalents	107,359	296,860
Securities held to maturity	5,845	5,922
Securities available for sale	297,063	212,689
Loans held for sale	371	786
Loans, net	2,262,091	2,210,593
Other investments, at cost	19,563	9,004
Mortgage servicing rights	5,466	5,016
Cash surrender value of life insurance	32,084	31,897
Financial liabilities:
Deposits	2,358,068	2,457,287
Securities sold under repurchase agreements	13,130	41,122
Notes Payable	7,747	8,011
Subordinated notes	$ 17,500	$ 17,500

STOCK BASED COMPENSATION (Detai

STOCK BASED COMPENSATION (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
STOCK BASED COMPENSATION
Restricted Stock, Shares Outstanding at beginning of year	58,611	57,175
Restricted Stock, Shares Granted	25,451	25,416
Restricted Stock, Shares Vested	(20,785)	(21,121)
Restricted Stock, Shares Forfeited or cancelled	(3,651)	(399)
Restricted Stock, Shares Outstanding at end of year	59,626	61,071
Weighted-Average Grant-Date Fair Value, Outstanding at beginning of year	$ 61.44	$ 53.08
Weighted-Average Grant-Date Fair Value, Granted	69.73	70.67
Weighted-Average Grant-Date Fair Value, Vested	60.52	49.52
Weighted-Average Grant-Date Fair Value, Forfeited or cancelled	60.50	62.79
Weighted-Average Grant-Date Fair Value, Outstanding at end of year	$ 65.87	$ 61.57

STOCK BASED COMPENSATION - Addi

STOCK BASED COMPENSATION - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Restricted Stock or Unit Expense	$ 0.3	$ 0.3
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 3.5
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 3 months
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 1.3
2020 Equity Plan
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	700,000
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Outstanding, Number	50,867

LEASES (Details)

LEASES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
LEASES
Amortization of ROU Assets - Operating Leases		$ 4
Interest on Lease Liabilities - Operating Leases	$ 22	22
Operating Lease Cost (Cost resulting from lease payments)	$ 22	$ 26
Weighted Average Lease Term (Years) - Operating Leases	31 years 9 months	32 years 6 months 29 days
Weighted Average Discount Rate - Operating Leases	5.50%	5.50%

LEASES - Operating Lease (Detai

LEASES - Operating Lease (Details) $ in Thousands	Mar. 31, 2022USD ($)
Operating lease payments due:
Within one year	$ 86
After one but within two years	85
After two but within three years	85
After three but within four years	88
After four years but within five years	94
After five years	3,208
Total undiscounted cash flows	3,646
Discount on cash flows	(2,065)
Total operating lease liabilities	$ 1,581