Affinity Bancshares (AFBI) 10-Q 9 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 07, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Trading Symbol	AFBI
Entity Registrant Name	Affinity Bancshares, Inc.
Entity Central Index Key	0001823406
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		6,416,628
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-39914
Entity Tax Identification Number	82-1147778
Entity Address, Address Line One	3175 Highway 278
Entity Address, City or Town	Covington
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30014
City Area Code	770
Local Phone Number	786-7088
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Entity Incorporation, State or Country Code	MD
Document Quarterly Report	true
Document Transition Report	false
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 6,388	$ 6,030
Interest-earning deposits in other depository institutions	55,007	43,995
Cash and cash equivalents	61,395	50,025
Investment securities available-for-sale	48,239	48,561
Investment securities held-to-maturity (estimated fair value of $33,873, net of allowance for credit losses of $45 at March 31, 2024 and estimated fair value of $33,835, net of allowance for credit losses of $45 at December 31, 2023)	34,230	34,206
Other investments	5,480	5,434
Loans	674,498	659,876
Less allowance for credit losses	(8,595)	(8,921)
Net loans	665,903	650,955
Other real estate owned	2,850	2,850
Premises and equipment, net	3,691	3,797
Bank owned life insurance	16,184	16,086
Intangible assets	18,318	18,366
Other assets	13,257	12,978
Total assets	869,547	843,258
Liabilities:
Non-interest-bearing checking	164,568	154,689
Interest-bearing checking	86,734	85,362
Money market accounts	144,689	138,673
Savings accounts	74,282	74,768
Certificates of deposit	217,171	220,951
Total deposits	687,444	674,443
Federal Home Loan Bank advances and other borrowings	51,837	40,000
Accrued interest payable and other liabilities	6,966	7,299
Total liabilities	746,247	721,742
Stockholders' equity:
Common stock (par value $0.01 per share, 40,000,000 shares authorized; 6,416,628 issued and outstanding at March 31, 2024 and December 31, 2023)	64	64
Preferred stock (10,000,000 shares authorized, no shares outstanding)
Additional paid in capital	61,409	61,026
Unearned ESOP shares	(4,535)	(4,587)
Retained earnings	72,680	71,345
Accumulated other comprehensive loss	(6,318)	(6,332)
Total stockholders' equity	123,300	121,516
Total liabilities and stockholders' equity	$ 869,547	$ 843,258

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Investment securities held-to-maturity estimated allowance for credit losses	$ 45,000	$ 45,000
Investment securities held-to-maturity estimated fair value	$ 33,873,000	$ 33,835,000
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	40,000,000	40,000,000
Common stock, shares issued	6,416,628	6,416,628
Common stock, shares outstanding	6,416,628	6,416,628
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees	$ 9,499,000	$ 8,291,000
Investment securities	1,075,000	949,000
Interest-earning deposits	647,000	488,000
Total interest income	11,221,000	9,728,000
Interest expense:
Deposits	4,002,000	2,314,000
FHLB advances and other borrowings	470,000	516,000
Total interest expense	4,472,000	2,830,000
Net interest income before provision for credit losses	6,749,000	6,898,000
Provision for credit losses	0	7,000
Net interest income after provision for credit losses	6,749,000	6,891,000
Noninterest income:
Service charges on deposit accounts	395,000	391,000
Other	189,000	161,000
Total noninterest income	584,000	552,000
Noninterest expenses:
Salaries and employee benefits	3,179,000	3,004,000
Occupancy	618,000	644,000
Data processing	511,000	493,000
Other	1,262,000	1,053,000
Total noninterest expenses	5,570,000	5,194,000
Income before income taxes	1,763,000	2,249,000
Income tax expense	428,000	527,000
Net income	$ 1,335,000	$ 1,722,000
Weighted average common shares outstanding
Basic	6,416,628	6,599,672
Diluted	6,524,332	6,681,680
Basic earnings per share	$ 0.21	$ 0.26
Diluted earnings per share	$ 0.2	$ 0.26

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,335	$ 1,722
Other comprehensive income:
Net unrealized gain on available-for-sale securities, net of taxes of $5 and $161	14	474
Total other comprehensive income	14	474
Total comprehensive income	$ 1,349	$ 2,196

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net unrealized gain on available-for-sale securities, tax	$ 5	$ 161

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid In Capital	Unearned ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2022	$ 117,103	$ 66	$ 63,130	$ (4,795)	$ 65,357	$ (6,655)
ESOP loan payment and release of ESOP shares	78		26	52
Stock-based compensation expense	260		260
Change in unrealized loss on investment securities available-for-sale, net of tax	474					474
Common stock repurchase	(867)		(867)
Adoption of new accounting pronouncement (see Note 1) | ASU 2016-13	$ (460)				$ (460)
Accounting Standards Update [Extensible Enumeration] | ASU 2016-13	Financing Receivable, Allowance for Credit Loss				Financing Receivable, Allowance for Credit Loss
Net income	$ 1,722				$ 1,722
Ending balance at Mar. 31, 2023	118,310	66	62,549	(4,743)	66,619	(6,181)
Beginning balance at Dec. 31, 2023	121,516	64	61,026	(4,587)	71,345	(6,332)
ESOP loan payment and release of ESOP shares	86		34	52
Stock-based compensation expense	349		349
Change in unrealized loss on investment securities available-for-sale, net of tax	14					14
Net income	1,335				1,335
Ending balance at Mar. 31, 2024	$ 123,300	$ 64	$ 61,409	$ (4,535)	$ 72,680	$ (6,318)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 1,335	$ 1,722
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, (accretion) and amortization	162	183
Stock-based compensation expense	349	260
Deferred income tax expense	241
Provision for credit losses		7
ESOP expense	86	78
Increase in cash surrender value of bank owned life insurance	(98)	(87)
Change in:
Accrued interest receivable and other assets	(525)	(779)
Accrued interest payable and other liabilities	(333)	615
Net cash provided by operating activities	1,217	1,999
Cash flows from investing activities:
Purchases of investment securities held-to-maturity		(7,609)
Purchases of investment securities available-for-sale		(5,710)
Purchases of premises and equipment	(132)	(148)
Proceeds from paydowns of investment securities available-for-sale	375	1,379
Proceeds from paydowns of investment securities held-to-maturity	24	15
Purchases of other investments	(46)	(2,339)
Proceeds from sales of other investments		425
Net change in loans	(14,906)	(15,226)
Net cash used in investing activities	(14,685)	(29,213)
Cash flows from financing activities:
Net change in deposits	13,001	93,668
Stock repurchase		(867)
Proceeds from FHLB advances		65,000
Repayment of FHLB advances		(20,000)
Repayment of federal funds purchased		(25)
Proceeds from other borrowings	11,837
Net cash provided by financing activities	24,838	137,776
Net change in cash and cash equivalents	11,370	110,562
Cash and cash equivalents at beginning of period	50,025	26,324
Cash and cash equivalents at end of period	61,395	136,886
Supplemental disclosures of cash flow information:
Cash paid for interest	4,791	2,372
Change in unrealized gain on investment securities available-for-sale, net of tax	$ 14	$ 474

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Nature of Operations	(1) Nature of Operations Affinity Bancshares, Inc. (the “Company”) is a bank holding company, headquartered in Covington, Georgia. The Company has one operating subsidiary, Affinity Bank, National Association (the “Bank”, and formerly named “Affinity Bank”), a national bank, conducting banking activities primarily in Newton County, Georgia and surrounding counties and in Cobb and Fulton Counties, Georgia and surrounding counties, and originating dental practice loans and indirect automobile loans throughout the Southeastern United States. The Bank offers such customary banking services as consumer and commercial checking accounts, savings accounts, certificates of deposit, mortgage, commercial and consumer loans, including indirect automobile loans, money transfers and a variety of other banking services. The Company was incorporated in 2020 to be the successor corporation to Community First Bancshares, Inc., a federal corporation, upon completion of the second-step mutual-to-stock conversion (the “Conversion”) of Community First Bancshares, MHC, the top tier mutual holding company of Community First Bancshares, Inc, the former mid-tier holding company for the Bank. Basis of Presentation The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company as of March 31, 2024 and the results of its operations and its cash flows for the periods presented. The interim consolidated financial information should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for a full year or for any other period. Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for credit losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policie s – The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in the Company’s financial statements for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K. Earnings per Share Basic earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of shares adjusted for the dilutive effect of common stock awards (outstanding stock options), if any. Presented below are the calculations for basic and diluted earnings per common share. Three Months Ended March 31, 2024 2023 (Dollars in thousands except per share data) Net income $ 1,335 $ 1,722 Weighted average common shares outstanding 6,416,628 6,599,672 Effect of dilutive common stock awards 107,704 82,008 Diluted weighted average common shares outstanding 6,524,332 6,681,680 Basic earnings per common share $ 0.21 $ 0.26 Diluted earnings per common share 0.20 0.26 There were 379,500 anti-dilutive options for the three months ended March 31, 2024 and 292,454 anti-dilutive options for the three months ended March 31, 2023 .

Investment Securities

Investment Securities	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	(2) Investment Securities Investment securities available-for-sale at March 31, 2024 and December 31, 2023 are as follows: (in thousands) March 31, 2024 Amortized Cost Gross Gross Estimated Fair Value U.S. Treasury securities $ 5,157 $ — $ ( 698 ) $ 4,459 Municipal securities - tax exempt 525 — ( 89 ) 436 Municipal securities - taxable 2,530 — ( 401 ) 2,129 U. S. Government sponsored enterprises 11,837 — ( 3,192 ) 8,645 Government agency mortgage-backed securities 18,248 — ( 2,906 ) 15,342 Corporate securities 18,401 40 ( 1,213 ) 17,228 Total $ 56,698 $ 40 $ ( 8,499 ) $ 48,239 December 31, 2023 U.S. Treasury securities $ 5,147 $ — $ ( 649 ) $ 4,498 Municipal securities - tax exempt 527 — ( 85 ) 442 Municipal securities - taxable 2,530 — ( 395 ) 2,135 U. S. Government sponsored enterprises 11,837 — ( 3,207 ) 8,630 Government agency mortgage-backed securities 18,643 — ( 2,695 ) 15,948 Corporate securities 18,355 30 ( 1,477 ) 16,908 Total $ 57,039 $ 30 $ ( 8,508 ) $ 48,561 Investment securities held-to-maturity at March 31, 2024 and December 31, 2023 are as follows: (in thousands) March 31, 2024 Amortized Cost Gross Gross Fair Value Estimated Allowance for Credit Losses U.S. Treasury securities $ 999 $ — $ ( 4 ) $ 995 $ — Government agency mortgage-backed securities 776 — ( 55 ) 721 — Corporate securities 32,500 55 ( 398 ) 32,157 ( 45 ) Total $ 34,275 $ 55 $ ( 457 ) $ 33,873 $ ( 45 ) December 31, 2023 U.S. Treasury securities $ 999 $ — $ ( 4 ) $ 995 $ — Government agency mortgage-backed securities 795 — ( 76 ) 719 — Corporate securities 32,457 58 ( 394 ) 32,121 ( 45 ) Total $ 34,251 $ 58 $ ( 474 ) $ 33,835 $ ( 45 ) Corporate securities account for the majority of the held-to-maturity portfolio as of March 31, 2024. As stated above, these corporate securities are accounted for as securities, but are underwritten as loans with features that are typically found in commercial loans. Accordingly, the Bank monitors the credit quality of these corporate bonds through quarterly credit reviews to determine impairment, if any. At March 31, 2024 , these securities are all rated as investment grade and the $ 45,000 of allowance for credit losses associated with these securities was calculated using a Moody's report on the cumulative default rates of corporate issuers. Investment securities available-for-sale in an unrealized loss position at March 31, 2024 and December 31, 2023 are as follows: (in thousands) Less Than 12 Months 12 Months or More Total March 31, 2024 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities $ — $ — $ 4,459 $ ( 698 ) $ 4,459 $ ( 698 ) Municipal securities - tax exempt — — 436 ( 89 ) 436 ( 89 ) Municipal securities - taxable — — 2,129 ( 401 ) 2,129 ( 401 ) U. S. Government sponsored enterprises — — 8,645 ( 3,192 ) 8,645 ( 3,192 ) Government agency mortgage-backed securities — — 15,342 ( 2,906 ) 15,342 ( 2,906 ) Corporate securities 961 ( 19 ) 13,724 ( 1,194 ) 14,685 ( 1,213 ) Total $ 961 $ ( 19 ) $ 44,735 $ ( 8,480 ) $ 45,696 $ ( 8,499 ) December 31, 2023 U.S. Treasury securities $ — $ — $ 4,498 $ ( 649 ) $ 4,498 $ ( 649 ) Municipal securities - tax exempt — — 442 ( 85 ) 442 ( 85 ) Municipal securities - taxable — — 2,135 ( 395 ) 2,135 ( 395 ) U. S. Government sponsored enterprises — — 8,630 ( 3,207 ) 8,630 ( 3,207 ) Government agency mortgage-backed securities — — 15,948 ( 2,695 ) 15,948 ( 2,695 ) Corporate securities 5,557 ( 214 ) 8,774 ( 1,263 ) 14,331 ( 1,477 ) Total $ 5,557 $ ( 214 ) $ 40,427 $ ( 8,294 ) $ 45,984 $ ( 8,508 ) There was one available-for-sale security in an unrealized loss position totaling $ 19,000 as of March 31, 2024 for less than 12 months. There were 68 available-for-sale securities in an unrealized loss position for 12 months or greater totaling $ 8.5 million as of March 31, 2024 . The unrealized losses on the debt securities arose due to changing interest rates and market conditions and are considered to be temporary because of acceptable investment grades and are reviewed regularly. Four of the securities are agency bonds and five are U.S. Treasury bonds, so all of these are direct obligations of the U.S. Government. Thirty-nine of the securities are mortgage-backed bonds that have the direct or implied backing of the U.S. Government. Four of the bonds are municipal securities and the remaining 17 securities are corporate securities that are either trust preferred securities or subordinated debentures where the Bank performs a credit review regularly and such review has raised no concerns. Debt securities issued by U.S. government agencies, U.S. government-sponsored enterprises ("GSEs"), and the U.S. Treasury, including notes and mortgage-backed securities, accounted for the majority of the available-for-sale portfolio as of March 31, 2024, and the Bank expects no credit losses on these securities, given the explicit and implicit guarantees provided by the U.S. federal government. The available-for-sale portfolio also includes corporate securities, but are underwritten as loans with features that are typically found in commercial loans. Accordingly, the Bank monitors the credit quality of these corporate bonds through quarterly credit reviews to determine impairment, if any. The decline in fair value is attributable to changes in interest rates, and not credit quality, and the Bank does not have the intent to sell the U.S. government and agencies debt securities and the corporate securities and it is likely that it will not be required to sell the securities before their anticipated recovery, the Bank does not consider impairments on these securities to be credit related as of March 31, 2024. The amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity at March 31, 2024, by contractual maturity, are shown below. Maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. Therefore, these securities are not included in the maturity categories. (in thousands) Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Within 1 year $ — $ — $ 999 $ 995 Greater than 1 to 5 years 6,950 6,592 16,782 16,716 Greater than 5 to 10 years 21,160 18,810 15,718 15,441 Greater than 10 years 10,340 7,495 — — 38,450 32,897 33,499 33,152 Government agency mortgage-backed securities 18,248 15,342 776 721 Total $ 56,698 $ 48,239 $ 34,275 $ 33,873 There were no sales of investment securities available-for-sale during the three months ended March 31, 2024 or 2023. Available-for-sale securities with a carrying value of approximately $ 4.0 million and $ 4.2 million were pledged to secure public deposits at March 31, 2024 and December 31, 2023 , respectively.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	(3) Loans and Allowance for Credit Losses Major classifications of loans, by collateral code, at March 31, 2024 and December 31, 2023 are summarized as follows: (in thousands) March 31, 2024 December 31, 2023 Commercial (secured by real estate - owner occupied) $ 162,638 $ 157,691 Commercial (secured by real estate - non-owner occupied) 145,610 145,100 Commercial and industrial 142,509 140,407 Construction, land and acquisition & development 55,292 47,685 Residential mortgage 1-4 family 53,133 53,650 Consumer installment 115,316 115,343 Total 674,498 659,876 Less allowance for credit losses ( 8,595 ) ( 8,921 ) Total loans, net $ 665,903 $ 650,955 The Bank grants loans and extensions of credit to individuals and a variety of firms and corporations located primarily in the Atlanta, Georgia Metropolitan Statistical Area. A substantial portion of the loan portfolio is collateralized by improved and unimproved real estate and is dependent upon the real estate market. The Bank also conducts lending within professional markets, with a primary focus on the dental industry in Georgia and adjoining states. The majority of these loans are commercial and industrial credits for practice acquisitions and equipment financing with the remainder being owner-occupied real estate. Accrued interest on loans totaled $ 2.2 million on March 31, 2024 and $ 2.1 million on December 31, 2023 and is included in other assets on the consolidated balance sheet. The following table presents the balance in the allowance for credit losses as of and for the three months ended March 31, 2024 and 2023 (in thousands) Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Beginning balance December 31, 2023 $ 1,397 $ 1,298 $ 1,806 $ 927 $ 1,038 $ 1,534 $ 921 $ 8,921 Provision 167 ( 6 ) ( 70 ) 152 ( 31 ) 139 ( 351 ) — Charge-offs ( 160 ) — — — ( 5 ) ( 193 ) — ( 358 ) Recoveries — — — — — 32 — 32 Ending balance, March 31, 2024 $ 1,404 $ 1,292 $ 1,736 $ 1,079 $ 1,002 $ 1,512 $ 570 $ 8,595 Beginning balance, December 31, 2022 $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Provision ( 898 ) ( 683 ) ( 1,084 ) 443 1,169 740 313 — Charge-offs ( 4 ) — ( 3 ) — — ( 99 ) — ( 106 ) Recoveries 8 — — — — 7 — 15 Ending balance, March 31, 2023 $ 1,509 $ 1,396 $ 1,205 $ 930 $ 1,514 $ 2,323 $ 357 $ 9,234 No provision for credit losses on loans was recorded for the three months ended March 31, 2024 and 2023. A release on unfunded commitments for the three months ended March 31, 2024 and 2023 of $ 0 and $ 3,000 was recorded, and is included in other liabilities on the consolidated balance sheet. The allowance for unfunded commitments as of March 31, 2024 and December 31, 2023 was $ 531,000 . The Bank also recorded a provision of $ 0 and $ 10,000 for credit losses for held-to-maturity securities for a net $ 0 and $ 7,000 recorded of provision for credit losses for the three months ended March 31, 2024 and 2023. The Bank individually evaluates loans meeting a certain threshold for impairment that are on nonaccrual status or are rated substandard (as described below). Additionally, all loan modifications to a borrower with financial difficulty are evaluated for impairment. Collateral-Dependent Loans and 2023, and we had $ 4.1 million and $ 4.3 million of collateral-dependent loans without an allowance and no collateral-dependent loans with an allowance at March 31, 2024 and December 31, 2023, respectively. The following table presents the aging of the recorded investment in past due loans, as well as the recorded investment in nonaccrual loans, as of March 31, 2024 and December 31, 2023 by class of loans: (in thousands) March 31, 2024 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual with Allowance Nonaccrual without Allowance Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ 162,638 $ 162,638 Commercial (secured by real estate - non-owner occupied) — — — — — 4,280 141,330 145,610 Commercial and industrial — — — — — — 142,509 142,509 Construction, land and acquisition & 13 — — 13 — 19 55,260 55,292 Residential mortgage 1,507 — — 1,507 — 2,528 49,098 53,133 Consumer installment 332 — — 332 — 337 114,647 115,316 Total $ 1,852 $ — $ — $ 1,852 $ — $ 7,164 $ 665,482 $ 674,498 December 31, 2023 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual with Allowance Nonaccrual without Allowance Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ 157,691 $ 157,691 Commercial (secured by real estate - non-owner occupied) — — — — — 4,505 140,595 145,100 Commercial and industrial — — — — — — 140,407 140,407 Construction, land and acquisition & — — — — — — 47,685 47,685 Residential mortgage 2,534 — — 2,534 — 2,504 48,612 53,650 Consumer installment 246 — — 246 — 417 114,680 115,343 Total $ 2,780 $ — $ — $ 2,780 $ — $ 7,426 $ 649,670 $ 659,876 There were no loan modifications to a borrower with financial difficulty during the three months ended March 31, 2024 or 2023. No loan modifications made to a borrower with financial difficulty subsequently defaulted during the three months ended March 31, 2024 and 2023. The Bank categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt, such as: current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Bank analyzes loans individually by classifying the loans as to credit risk. This analysis is performed on a continuous basis. The Bank uses the following definitions for its risk ratings: Special Mention. Loans have potential weaknesses that may, if not corrected, weaken or inadequately protect the Bank's credit position at some future date. Weaknesses are generally the result of deviation from prudent lending practices, such as over advances on collateral. Credits in this category should, within a 12-month period, move to Pass if improved or drop to Substandard if poor trends continue. Substandard. Inadequately protected by the current net worth and paying capacity of the obligor, or by the collateral pledged, if any. Loans have a well-defined weakness or weaknesses such as primary source of repayment is gone or severely impaired or cash flow is insufficient to reduce debt. There is a distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Doubtful. Loans have the same weaknesses as those classified Substandard, with the added characteristic that the weaknesses make collection or liquidation in full highly questionable and improbable. The likelihood of a loss on an asset or portion of an asset classified Doubtful is high. Loss. Loans considered uncollectible and of such little value that the continuance as a Bank asset is not warranted. This does not mean that the loan has no recovery or salvage value, but rather the asset should be charged off even though partial recovery may be possible in the future. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of March 31, 2024 and December 31, 2023, and based on the most recent analysis performed, the risk category and year of origination of loans by class of loans is as follows: (in thousands) March 31, 2024 2024 2023 2022 2021 2020 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 4,773 $ 13,138 $ 24,750 $ 28,527 $ 22,559 $ 62,986 $ 5,581 $ 162,314 Commercial (secured by real estate - non-owner occupied) 4,383 31,925 36,744 28,451 4,377 25,566 5,797 137,243 Commercial and industrial 8,127 21,279 21,425 27,458 15,263 41,577 7,380 142,509 Construction, land and acquisition & development 7,502 25,403 14,628 4,688 106 476 2,470 55,273 Residential mortgage 335 4,985 5,670 2,399 1,876 29,255 5,575 50,095 Consumer installment 12,150 38,689 42,245 15,393 3,996 1,649 551 114,673 Total pass 37,270 135,419 145,462 106,916 48,177 161,509 27,354 662,107 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 324 — 324 Commercial (secured by real estate - non-owner occupied) — — - 3,517 — 541 — 4,058 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 220 — 220 Consumer installment — 53 226 14 11 2 — 306 Total special mention — 53 226 3,531 11 1,087 — 4,908 Substandard Commercial (secured by real estate - owner occupied) — — — — — — — — Commercial (secured by real estate - non-owner occupied) — — — — — 4,309 - 4,309 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — - 19 — — 19 Residential mortgage — - 197 104 104 2,368 45 2,818 Consumer installment — 80 96 147 5 9 — 337 Total substandard — 80 293 251 128 6,686 45 7,483 Total $ 37,270 $ 135,552 $ 145,981 $ 110,698 $ 48,316 $ 169,282 $ 27,399 $ 674,498 Current year to date period gross write-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 160 — 160 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — 5 — — — — 5 Consumer installment — 7 144 37 — 5 — 193 Total current period gross write-offs $ — $ 7 $ 149 $ 37 $ — $ 165 $ — $ 358 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 11,210 $ 23,441 $ 29,832 $ 22,982 $ 11,287 $ 49,744 $ 8,863 $ 157,359 Commercial (secured by real estate - non-owner occupied) 32,830 37,395 25,702 4,436 10,015 15,546 10,562 136,486 Commercial and industrial 22,473 21,590 27,252 14,764 16,697 25,317 12,314 140,407 Construction, land and acquisition & development 21,557 17,392 5,034 721 216 210 2,534 47,664 Residential mortgage 5,354 5,672 2,447 1,289 1,424 28,710 5,736 50,632 Consumer installment 42,601 46,869 17,488 4,866 1,919 247 543 114,533 Total pass 136,025 152,359 107,755 49,058 41,558 119,774 40,552 647,081 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 332 — 332 Commercial (secured by real estate - non-owner occupied) — — 3,539 — — 540 — 4,079 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 222 — 222 Consumer installment 73 190 99 21 31 — — 414 Total special mention 73 190 3,638 21 31 1,094 — 5,047 Substandard Commercial (secured by real estate - owner occupied) — — — — — — — — Commercial (secured by real estate - non-owner occupied) — — — — — 4,535 - 4,535 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — 21 — — — 21 Residential mortgage — 202 108 107 113 2,266 — 2,796 Consumer installment 50 205 118 11 12 — — 396 Total substandard 50 407 226 139 125 6,801 - 7,748 Total $ 136,148 $ 152,956 $ 111,619 $ 49,218 $ 41,714 $ 127,669 $ 40,552 $ 659,876 Current year to date period gross write-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 204 — 204 Commercial and industrial — — — — — 3 — 3 Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — — — — Consumer installment 9 159 125 14 — — — 307 Total current period gross write-offs $ 9 $ 159 $ 125 $ 14 $ — $ 207 $ — $ 514

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	(4) Intangible Assets The core deposit premium intangible asset had a gross carrying amount of $ 1.9 million and accumulated amortization of $ 813,000 at March 31, 2024 . The core deposit premium intangible asset had a gross carrying amount of $ 1.9 million and accumulated amortization of $ 765,000 at December 31, 2023 . Aggregate amortization expense was $ 48,000 for the three months ended March 31, 2024 and 2023. Goodwill acquired through acquisition was $ 17.2 million at March 31, 2024 and 2023. No impairment loss was recognized during the three months ended March 31, 2024 and 2023 .

Deposits

Deposits	3 Months Ended
	Mar. 31, 2024
Deposits [Abstract]
Deposits	(5) Deposits The aggregate amount of certificates of deposit ("CDs") of $250,000 or more, the standard FDIC deposit insurance coverage limit per depositor, was approximately $ 30.4 million at March 31, 2024 , and $ 31.2 million at December 31, 2023 . Due to the FDIC insurance coverage rules and limits for a depositor's specific group of deposit accounts, it is important to note that not all deposits in excess of $ 250,000 are uninsured. Brokered CDs totaled $ 107.4 million and had a weighted average rate of 4.65 % and a weighted average maturity of 28 months at March 31, 2024 and $ 107.3 million and had a weighted average rate of 4.87 % and a weighted average maturity of 28 months at December 31, 2023.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Borrowings	(6) Borrowings The following Federal Home Loan Bank ("FHLB") advances, which required monthly or quarterly interest payments, were outstanding at March 31, 2024 and December 31, 2023: Advance Date Advance Interest Rate Maturity Rate Call Feature 1/6/2023 $ 10,000,000 4.22 % 1/6/2026 Fixed N/A 1/6/2023 10,000,000 3.94 % 1/6/2028 Fixed N/A 10/25/2023 10,000,000 3.99 % 10/25/2028 Convertible 4/25/2024 12/14/2023 10,000,000 3.28 % 12/14/2028 Convertible 6/14/2024 $ 40,000,000 At March 31, 2024 and December 31, 2023 , the FHLB advances were collateralized by certain loans which totaled approximately $ 406.1 million and $ 392.6 million, and by the Company’s investment in FHLB stock which totaled approximately $ 2.5 million at March 31, 2024 and December 31, 2023. The Company had one FHLB letter of credit of $ 12.5 million, used to collateralize public deposits, outstanding at both March 31, 2024 and December 31, 2023. The Company has Federal Funds unsecured lines of credit totaling $ 32.5 million. No amount was borrowed under these lines as of March 31, 2024. We also have a line of $ 76.8 million and $ 67.4 million with the Federal Reserve Bank secured by $ 101.9 million and $ 96.1 million in loans and investment securities as of March 31, 2024 and December 31, 2023 . There was $ 11.8 million and $ 0 outstanding under the Bank Term Funding Program at March 31, 2024 and December 31, 2023 .

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Employee Stock Ownership Plan	(7) Employee Stock Ownership Plan The Company sponsors an employee stock ownership plan (“ESOP”) that covers all employees who meet certain service requirements. The Company makes annual contributions to the ESOP in amounts as defined by the plan document. These contributions are used to pay debt service and purchase additional shares. Certain ESOP shares are pledged as collateral for debt. As the debt is repaid, shares are released from collateral and allocated to active employees, based on the proportion of debt service paid in the year. In 2017, the ESOP borrowed $ 3.0 million payable to the Company for the purpose of purchasing shares of the Company’s common stock. A total of 295,499 shares were purchased with the loan proceeds as part of the Company’s initial stock offering. In 2021, the ESOP borrowed $ 3.0 million payable to the Company for the purpose of purchasing additional shares of the Company’s common stock. A total of 225,721 shares were purchased with the loan proceeds as part of the Company’s second stock offering. Total ESOP expense for the three months ended March 31, 2024 and 2023 was approximately $ 86,000 and $ 78,000 , respectively. The balance of the note payable of the ESOP was approximately $ 5.1 million at March 31, 2024 and December 31, 2023. Because the source of the loan payments is contributions received by the ESOP from the Company, the related note receivable is shown as a reduction of stockholders’ equity. As of March 31, 2024 and December 31, 2023 , 101,000 shares had been released.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Stock-Based Compensation	(8) Stock-Based Compensation In 2018, shareholders approved the Company’s 2018 Equity Incentive Plan, which authorizes the issuance of up to 133,987 shares of common stock pursuant to restricted stock grants and up to 334,970 shares of common stock pursuant to the exercise of options. In May 2022, shareholders approved the Company’s 2022 Equity Incentive Plan, which authorizes the issuance of up to 148,060 shares of common stock pursuant to restricted stock grants and up to 370,150 shares of common stock pursuant to the exercise of options. A Black-Scholes model is utilized to estimate the fair value of stock option grants, while the market price of the Company’s stock at the date of grant is used to estimate the fair value of restricted stock awards. A summary of the Company’s stock option activity is summarized below. Stock Options Option Shares Outstanding Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding - December 31, 2023 640,766 12.58 7.75 1,419 Outstanding - March 31, 2024 640,766 12.58 7.51 2,476 Exercisable - March 31, 2024 236,905 10.98 6.28 1,294 Intrinsic value represents the amount by which the fair market value of the underlying stock exceeds the exercise price of the stock options. A summary of the Company’s restricted stock activity is summarized below. Restricted Stock Restricted Shares Outstanding Weighted Average Grant Date Fair Value Outstanding - December 31, 2023 166,591 13.46 Vested ( 3,467 ) Outstanding - March 31, 2024 163,124 13.44 The Company recognized approximately $ 349,000 and $ 260,000 , of stock-based compensation expense during the three months ended March 31, 2024 and 2023 respectively, associated with its common stock awards granted to directors and officers. As of March 31, 2024 , there was approximately $ 3.4 million of unrecognized compensation cost related to equity award grants. The cost is expected to be recognized over the weighted average remaining vesting period of approximately 2.24 years.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements and Disclosures	(9) Fair Value Measurements and Disclosures The Company utilizes fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. From time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as collateral dependent loans and other real estate owned. These nonrecurring fair value adjustments typically involve application of the lower of cost or market accounting or write-downs of individual assets. Additionally, the Company is required to disclose, but not record, the fair value of other financial instruments. Fair Value Hierarchy The Company groups assets and liabilities at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 – Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 – Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include use of option pricing models, discounted cash flow models and similar techniques. Following are descriptions of valuation methodologies used for assets and liabilities recorded at fair value. Cash and Cash Equivalents The carrying value of cash and cash equivalents is a reasonable estimate of fair value. Investment Securities Available-for-Sale Available-for-sale securities are recorded at market value. Fair value measurement is based upon quoted prices, if available. If quoted prices are not available, fair values are measured using independent pricing models or other model-based valuation techniques such as the present value of future cash flows, adjusted for the security’s credit rating, prepayment assumptions and other factors such as credit loss assumptions. Level 1 securities include those traded on an active exchange, such as the New York Stock Exchange, and U.S. Treasury securities that are traded by dealers or brokers in active over-the-counter market funds. Level 2 securities include mortgage-backed securities issued by government sponsored enterprises and state, county and municipal bonds. Securities classified as Level 3 include asset-backed securities in less liquid markets. Other Investments The carrying value of other investments includes FHLB stock and First National Bankers Bank stock and approximates fair value. Loans The Company does not record loans at fair value on a recurring basis, unless a loan is considered collateral dependent and a specific reserve may be required to be established within the allowance for credit losses. Loans for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement are considered individually evaluated. Once a loan is identified as collateral dependent, management measures impairment in accordance with GAAP. The fair value of collateral dependent loans is estimated using one of three methods, including collateral value, market value of similar debt, and discounted cash flows. Those collateral dependent loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. In accordance with GAAP, collateral dependent loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. When the fair value of the collateral is based on an observable market price, the Company records the collateral dependent loan as nonrecurring Level 2. When an appraised value is used or an appraisal is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Company records the collateral dependent loan as nonrecurring Level 3. For disclosure purposes, the fair value of fixed rate loans which are not considered collateral dependent is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings. For non collateral dependent variable rate loans, the carrying amount is a reasonable estimate of fair value for disclosure purposes. Other Real Estate Owned Other real estate owned properties are adjusted to fair value upon transfer of the loans to other real estate. Subsequently, other real estate assets are carried at fair value less estimated selling costs. Fair value is based upon independent market prices, appraised values of the collateral or management’s estimation of the value of the collateral. When the fair value of the collateral is based on an observable market price, the Bank records the other real estate as nonrecurring Level 2. When an appraised value is used or an appraisal is not available or management determines the fair value of the collateral is further impaired below the appraised value and there is no observable market price, the Bank records the other real estate asset as nonrecurring Level 3. Deposits The fair value of savings accounts, interest bearing checking accounts, non-interest bearing checking accounts and market rate checking accounts is the amount payable on demand at the reporting date, while the fair value of fixed maturity certificates of deposit is estimated by discounting the future cash flows using current rates at which comparable certificates would be issued. FHLB Advances and Other Borrowings FHLB advances are carried at cost and the fair value is obtained from the Federal Home Loan Bank of Atlanta. Federal Funds Commitments to Extend Credit Commitments to extend credit are short-term and, therefore, the carrying value and the fair value are considered immaterial for disclosure. Assets Recorded at Fair Value on a Recurring Basis The Company’s only assets recorded at fair value on a recurring basis are available-for-sale securities that had fair values of approximately $ 48.2 million and $ 48.6 million at March 31, 2024 and December 31, 2023. They are classified as Level 2. Assets Recorded at Fair Value on a Nonrecurring Basis The Company may be required, from time to time, to measure certain assets at fair value on a nonrecurring basis in accordance with GAAP. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2024 and December 31, 2023 (in thousands). March 31, 2024 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,850 $ 2,850 Collateral dependent loans — — 1,281 1,281 Total assets at fair value $ — $ — $ 4,131 $ 4,131 December 31, 2023 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,850 $ 2,850 Collateral dependent loans — — 1,440 1,440 Total assets at fair value $ — $ — $ 4,290 $ 4,290 The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents Level 1 $ 61,395 $ 61,395 $ 50,025 $ 50,025 Investment securities available-for-sale Level 2 48,239 48,239 48,561 48,561 Investment securities held-to-maturity Level 2 34,230 33,873 34,206 33,835 Other investments Level 3 5,480 5,480 5,434 5,434 Loans, net Level 3 665,903 646,136 650,955 635,957 Financial liabilities: Deposits Level 2 687,444 685,322 674,443 673,854 FHLB advances and other borrowings Level 3 51,837 51,515 40,000 39,830 Limitations 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 financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on many judgments. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision. Changes in assumptions could significantly 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. Significant assets and liabilities that are not considered financial instruments include deferred income taxes and 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.

Nature of Operations (Policies)

Nature of Operations (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements and notes thereto contain all adjustments, consisting only of normal recurring adjustments, necessary to present fairly, in accordance with accounting principles generally accepted in the United States of America (“GAAP”), the financial position of the Company as of March 31, 2024 and the results of its operations and its cash flows for the periods presented. The interim consolidated financial information should be read in conjunction with the audited financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the results to be expected for a full year or for any other period. Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for credit losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income. Summary of Significant Accounting Policie s – The accounting and reporting policies of the Company conform to GAAP and general practices within the banking industry. There have been no material changes or developments in the application of principles or in our evaluation of the accounting estimates and the underlying assumptions or methodologies that we believe to be Critical Accounting Policies as disclosed in the Company’s financial statements for the year ended December 31, 2023 included in the Company’s Annual Report on Form 10-K.
Use of Estimates	Use of Estimates – The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Material estimates common to the banking industry that are particularly susceptible to significant change in the near term include, but are not limited to, the determination of the allowance for credit losses, the valuation of other real estate acquired in connection with foreclosure or in satisfaction of loans and valuation allowances associated with the realization of deferred tax assets, which are based on future taxable income.
Earnings Per Share	Earnings per Share Basic earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of shares adjusted for the dilutive effect of common stock awards (outstanding stock options), if any. Presented below are the calculations for basic and diluted earnings per common share. Three Months Ended March 31, 2024 2023 (Dollars in thousands except per share data) Net income $ 1,335 $ 1,722 Weighted average common shares outstanding 6,416,628 6,599,672 Effect of dilutive common stock awards 107,704 82,008 Diluted weighted average common shares outstanding 6,524,332 6,681,680 Basic earnings per common share $ 0.21 $ 0.26 Diluted earnings per common share 0.20 0.26 There were 379,500 anti-dilutive options for the three months ended March 31, 2024 and 292,454 anti-dilutive options for the three months ended March 31, 2023 .

Nature of Operations (Tables)

Nature of Operations (Tables)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Calculations for Basic and Diluted Earnings Per Common Share	Presented below are the calculations for basic and diluted earnings per common share. Three Months Ended March 31, 2024 2023 (Dollars in thousands except per share data) Net income $ 1,335 $ 1,722 Weighted average common shares outstanding 6,416,628 6,599,672 Effect of dilutive common stock awards 107,704 82,008 Diluted weighted average common shares outstanding 6,524,332 6,681,680 Basic earnings per common share $ 0.21 $ 0.26 Diluted earnings per common share 0.20 0.26

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities Available-for-Sale	Investment securities available-for-sale at March 31, 2024 and December 31, 2023 are as follows: (in thousands) March 31, 2024 Amortized Cost Gross Gross Estimated Fair Value U.S. Treasury securities $ 5,157 $ — $ ( 698 ) $ 4,459 Municipal securities - tax exempt 525 — ( 89 ) 436 Municipal securities - taxable 2,530 — ( 401 ) 2,129 U. S. Government sponsored enterprises 11,837 — ( 3,192 ) 8,645 Government agency mortgage-backed securities 18,248 — ( 2,906 ) 15,342 Corporate securities 18,401 40 ( 1,213 ) 17,228 Total $ 56,698 $ 40 $ ( 8,499 ) $ 48,239 December 31, 2023 U.S. Treasury securities $ 5,147 $ — $ ( 649 ) $ 4,498 Municipal securities - tax exempt 527 — ( 85 ) 442 Municipal securities - taxable 2,530 — ( 395 ) 2,135 U. S. Government sponsored enterprises 11,837 — ( 3,207 ) 8,630 Government agency mortgage-backed securities 18,643 — ( 2,695 ) 15,948 Corporate securities 18,355 30 ( 1,477 ) 16,908 Total $ 57,039 $ 30 $ ( 8,508 ) $ 48,561
Schedule of Investment Securities Held-to-maturity	Investment securities held-to-maturity at March 31, 2024 and December 31, 2023 are as follows: (in thousands) March 31, 2024 Amortized Cost Gross Gross Fair Value Estimated Allowance for Credit Losses U.S. Treasury securities $ 999 $ — $ ( 4 ) $ 995 $ — Government agency mortgage-backed securities 776 — ( 55 ) 721 — Corporate securities 32,500 55 ( 398 ) 32,157 ( 45 ) Total $ 34,275 $ 55 $ ( 457 ) $ 33,873 $ ( 45 ) December 31, 2023 U.S. Treasury securities $ 999 $ — $ ( 4 ) $ 995 $ — Government agency mortgage-backed securities 795 — ( 76 ) 719 — Corporate securities 32,457 58 ( 394 ) 32,121 ( 45 ) Total $ 34,251 $ 58 $ ( 474 ) $ 33,835 $ ( 45 )
Schedule of Investment Securities Available-for-sale In An Unrealized Loss Position	Investment securities available-for-sale in an unrealized loss position at March 31, 2024 and December 31, 2023 are as follows: (in thousands) Less Than 12 Months 12 Months or More Total March 31, 2024 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities $ — $ — $ 4,459 $ ( 698 ) $ 4,459 $ ( 698 ) Municipal securities - tax exempt — — 436 ( 89 ) 436 ( 89 ) Municipal securities - taxable — — 2,129 ( 401 ) 2,129 ( 401 ) U. S. Government sponsored enterprises — — 8,645 ( 3,192 ) 8,645 ( 3,192 ) Government agency mortgage-backed securities — — 15,342 ( 2,906 ) 15,342 ( 2,906 ) Corporate securities 961 ( 19 ) 13,724 ( 1,194 ) 14,685 ( 1,213 ) Total $ 961 $ ( 19 ) $ 44,735 $ ( 8,480 ) $ 45,696 $ ( 8,499 ) December 31, 2023 U.S. Treasury securities $ — $ — $ 4,498 $ ( 649 ) $ 4,498 $ ( 649 ) Municipal securities - tax exempt — — 442 ( 85 ) 442 ( 85 ) Municipal securities - taxable — — 2,135 ( 395 ) 2,135 ( 395 ) U. S. Government sponsored enterprises — — 8,630 ( 3,207 ) 8,630 ( 3,207 ) Government agency mortgage-backed securities — — 15,948 ( 2,695 ) 15,948 ( 2,695 ) Corporate securities 5,557 ( 214 ) 8,774 ( 1,263 ) 14,331 ( 1,477 ) Total $ 5,557 $ ( 214 ) $ 40,427 $ ( 8,294 ) $ 45,984 $ ( 8,508 )
Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-sale and Held to Maturity by Contractual Maturity	The amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity at March 31, 2024, by contractual maturity, are shown below. Maturities of mortgage-backed securities may differ from contractual maturities because borrowers may have the right to call or prepay certain obligations with or without call or prepayment penalties. Therefore, these securities are not included in the maturity categories. (in thousands) Available-for-Sale Held-to-Maturity Amortized Estimated Amortized Estimated Cost Fair Value Cost Fair Value Within 1 year $ — $ — $ 999 $ 995 Greater than 1 to 5 years 6,950 6,592 16,782 16,716 Greater than 5 to 10 years 21,160 18,810 15,718 15,441 Greater than 10 years 10,340 7,495 — — 38,450 32,897 33,499 33,152 Government agency mortgage-backed securities 18,248 15,342 776 721 Total $ 56,698 $ 48,239 $ 34,275 $ 33,873

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans, by collateral code, at March 31, 2024 and December 31, 2023 are summarized as follows: (in thousands) March 31, 2024 December 31, 2023 Commercial (secured by real estate - owner occupied) $ 162,638 $ 157,691 Commercial (secured by real estate - non-owner occupied) 145,610 145,100 Commercial and industrial 142,509 140,407 Construction, land and acquisition & development 55,292 47,685 Residential mortgage 1-4 family 53,133 53,650 Consumer installment 115,316 115,343 Total 674,498 659,876 Less allowance for credit losses ( 8,595 ) ( 8,921 ) Total loans, net $ 665,903 $ 650,955
Summary of Allowance for Credit Losses	The following table presents the balance in the allowance for credit losses as of and for the three months ended March 31, 2024 and 2023 (in thousands) Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Beginning balance December 31, 2023 $ 1,397 $ 1,298 $ 1,806 $ 927 $ 1,038 $ 1,534 $ 921 $ 8,921 Provision 167 ( 6 ) ( 70 ) 152 ( 31 ) 139 ( 351 ) — Charge-offs ( 160 ) — — — ( 5 ) ( 193 ) — ( 358 ) Recoveries — — — — — 32 — 32 Ending balance, March 31, 2024 $ 1,404 $ 1,292 $ 1,736 $ 1,079 $ 1,002 $ 1,512 $ 570 $ 8,595 Beginning balance, December 31, 2022 $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Provision ( 898 ) ( 683 ) ( 1,084 ) 443 1,169 740 313 — Charge-offs ( 4 ) — ( 3 ) — — ( 99 ) — ( 106 ) Recoveries 8 — — — — 7 — 15 Ending balance, March 31, 2023 $ 1,509 $ 1,396 $ 1,205 $ 930 $ 1,514 $ 2,323 $ 357 $ 9,234 No provision for credit losses on loans was recorded for the three months ended March 31, 2024 and 2023.
Summary of Recorded Investment in Past Due Loans, as Well as Nonaccrual Loans	The following table presents the aging of the recorded investment in past due loans, as well as the recorded investment in nonaccrual loans, as of March 31, 2024 and December 31, 2023 by class of loans: (in thousands) March 31, 2024 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual with Allowance Nonaccrual without Allowance Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ 162,638 $ 162,638 Commercial (secured by real estate - non-owner occupied) — — — — — 4,280 141,330 145,610 Commercial and industrial — — — — — — 142,509 142,509 Construction, land and acquisition & 13 — — 13 — 19 55,260 55,292 Residential mortgage 1,507 — — 1,507 — 2,528 49,098 53,133 Consumer installment 332 — — 332 — 337 114,647 115,316 Total $ 1,852 $ — $ — $ 1,852 $ — $ 7,164 $ 665,482 $ 674,498 December 31, 2023 30 -59 60- 89 90 Days Total Accruing Loans Nonaccrual with Allowance Nonaccrual without Allowance Current Total Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ 157,691 $ 157,691 Commercial (secured by real estate - non-owner occupied) — — — — — 4,505 140,595 145,100 Commercial and industrial — — — — — — 140,407 140,407 Construction, land and acquisition & — — — — — — 47,685 47,685 Residential mortgage 2,534 — — 2,534 — 2,504 48,612 53,650 Consumer installment 246 — — 246 — 417 114,680 115,343 Total $ 2,780 $ — $ — $ 2,780 $ — $ 7,426 $ 649,670 $ 659,876
Summary of Risk Category of Loans by Class of Loans	Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be Pass rated loans. As of March 31, 2024 and December 31, 2023, and based on the most recent analysis performed, the risk category and year of origination of loans by class of loans is as follows: (in thousands) March 31, 2024 2024 2023 2022 2021 2020 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 4,773 $ 13,138 $ 24,750 $ 28,527 $ 22,559 $ 62,986 $ 5,581 $ 162,314 Commercial (secured by real estate - non-owner occupied) 4,383 31,925 36,744 28,451 4,377 25,566 5,797 137,243 Commercial and industrial 8,127 21,279 21,425 27,458 15,263 41,577 7,380 142,509 Construction, land and acquisition & development 7,502 25,403 14,628 4,688 106 476 2,470 55,273 Residential mortgage 335 4,985 5,670 2,399 1,876 29,255 5,575 50,095 Consumer installment 12,150 38,689 42,245 15,393 3,996 1,649 551 114,673 Total pass 37,270 135,419 145,462 106,916 48,177 161,509 27,354 662,107 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 324 — 324 Commercial (secured by real estate - non-owner occupied) — — - 3,517 — 541 — 4,058 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 220 — 220 Consumer installment — 53 226 14 11 2 — 306 Total special mention — 53 226 3,531 11 1,087 — 4,908 Substandard Commercial (secured by real estate - owner occupied) — — — — — — — — Commercial (secured by real estate - non-owner occupied) — — — — — 4,309 - 4,309 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — - 19 — — 19 Residential mortgage — - 197 104 104 2,368 45 2,818 Consumer installment — 80 96 147 5 9 — 337 Total substandard — 80 293 251 128 6,686 45 7,483 Total $ 37,270 $ 135,552 $ 145,981 $ 110,698 $ 48,316 $ 169,282 $ 27,399 $ 674,498 Current year to date period gross write-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 160 — 160 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — 5 — — — — 5 Consumer installment — 7 144 37 — 5 — 193 Total current period gross write-offs $ — $ 7 $ 149 $ 37 $ — $ 165 $ — $ 358 December 31, 2023 2023 2022 2021 2020 2019 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 11,210 $ 23,441 $ 29,832 $ 22,982 $ 11,287 $ 49,744 $ 8,863 $ 157,359 Commercial (secured by real estate - non-owner occupied) 32,830 37,395 25,702 4,436 10,015 15,546 10,562 136,486 Commercial and industrial 22,473 21,590 27,252 14,764 16,697 25,317 12,314 140,407 Construction, land and acquisition & development 21,557 17,392 5,034 721 216 210 2,534 47,664 Residential mortgage 5,354 5,672 2,447 1,289 1,424 28,710 5,736 50,632 Consumer installment 42,601 46,869 17,488 4,866 1,919 247 543 114,533 Total pass 136,025 152,359 107,755 49,058 41,558 119,774 40,552 647,081 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 332 — 332 Commercial (secured by real estate - non-owner occupied) — — 3,539 — — 540 — 4,079 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 222 — 222 Consumer installment 73 190 99 21 31 — — 414 Total special mention 73 190 3,638 21 31 1,094 — 5,047 Substandard Commercial (secured by real estate - owner occupied) — — — — — — — — Commercial (secured by real estate - non-owner occupied) — — — — — 4,535 - 4,535 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — 21 — — — 21 Residential mortgage — 202 108 107 113 2,266 — 2,796 Consumer installment 50 205 118 11 12 — — 396 Total substandard 50 407 226 139 125 6,801 - 7,748 Total $ 136,148 $ 152,956 $ 111,619 $ 49,218 $ 41,714 $ 127,669 $ 40,552 $ 659,876 Current year to date period gross write-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 204 — 204 Commercial and industrial — — — — — 3 — 3 Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — — — — Consumer installment 9 159 125 14 — — — 307 Total current period gross write-offs $ 9 $ 159 $ 125 $ 14 $ — $ 207 $ — $ 514

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Federal Home Loan Bank of Atlanta (FHLB) Advances	The following Federal Home Loan Bank ("FHLB") advances, which required monthly or quarterly interest payments, were outstanding at March 31, 2024 and December 31, 2023: Advance Date Advance Interest Rate Maturity Rate Call Feature 1/6/2023 $ 10,000,000 4.22 % 1/6/2026 Fixed N/A 1/6/2023 10,000,000 3.94 % 1/6/2028 Fixed N/A 10/25/2023 10,000,000 3.99 % 10/25/2028 Convertible 4/25/2024 12/14/2023 10,000,000 3.28 % 12/14/2028 Convertible 6/14/2024 $ 40,000,000

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Summary of Stock Option Activity	A summary of the Company’s stock option activity is summarized below. Stock Options Option Shares Outstanding Weighted Average Exercise Price Weighted Average Remaining Life (Years) Aggregate Intrinsic Value (in thousands) Outstanding - December 31, 2023 640,766 12.58 7.75 1,419 Outstanding - March 31, 2024 640,766 12.58 7.51 2,476 Exercisable - March 31, 2024 236,905 10.98 6.28 1,294
Summary of Restricted Stock Activity	A summary of the Company’s restricted stock activity is summarized below. Restricted Stock Restricted Shares Outstanding Weighted Average Grant Date Fair Value Outstanding - December 31, 2023 166,591 13.46 Vested ( 3,467 ) Outstanding - March 31, 2024 163,124 13.44

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets Measured at Fair Value on Nonrecurring Basis	Assets measured at fair value on a nonrecurring basis are included in the table below as of March 31, 2024 and December 31, 2023 (in thousands). March 31, 2024 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,850 $ 2,850 Collateral dependent loans — — 1,281 1,281 Total assets at fair value $ — $ — $ 4,131 $ 4,131 December 31, 2023 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ 2,850 $ 2,850 Collateral dependent loans — — 1,440 1,440 Total assets at fair value $ — $ — $ 4,290 $ 4,290
Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments	The carrying amounts and estimated fair values (in thousands) of the Company’s financial instruments at March 31, 2024 and December 31, 2023 are as follows: March 31, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents Level 1 $ 61,395 $ 61,395 $ 50,025 $ 50,025 Investment securities available-for-sale Level 2 48,239 48,239 48,561 48,561 Investment securities held-to-maturity Level 2 34,230 33,873 34,206 33,835 Other investments Level 3 5,480 5,480 5,434 5,434 Loans, net Level 3 665,903 646,136 650,955 635,957 Financial liabilities: Deposits Level 2 687,444 685,322 674,443 673,854 FHLB advances and other borrowings Level 3 51,837 51,515 40,000 39,830

Nature of Operations - Addition

Nature of Operations - Additional Information (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Stock Options
Basis Of Presentation [Line Items]
Options to purchase shares excluded from calculation of diluted earnings per common share	379,500	292,454

Nature of Operations - Schedule

Nature of Operations - Schedule of Calculations for Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income	$ 1,335	$ 1,722
Weighted average common shares outstanding	6,416,628	6,599,672
Effect of dilutive common stock awards	107,704	82,008
Diluted weighted average common shares outstanding	6,524,332	6,681,680
Basic earnings per common share	$ 0.21	$ 0.26
Diluted earnings per common share	$ 0.2	$ 0.26

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	$ 56,698	$ 57,039
Investment securities available-for-sale, Gross Unrealized Gains	40	30
Investment securities available-for-sale, Gross Unrealized Losses	(8,499)	(8,508)
Investment securities available-for-sale, Estimated Fair Value	48,239	48,561
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	5,157	5,147
Investment securities available-for-sale, Gross Unrealized Losses	(698)	(649)
Investment securities available-for-sale, Estimated Fair Value	4,459	4,498
Municipal Securities - Tax Exempt
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	525	527
Investment securities available-for-sale, Gross Unrealized Losses	(89)	(85)
Investment securities available-for-sale, Estimated Fair Value	436	442
Municipal Securities - Taxable
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	2,530	2,530
Investment securities available-for-sale, Gross Unrealized Losses	(401)	(395)
Investment securities available-for-sale, Estimated Fair Value	2,129	2,135
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	18,248	18,643
Investment securities available-for-sale, Gross Unrealized Losses	(2,906)	(2,695)
Investment securities available-for-sale, Estimated Fair Value	15,342	15,948
U.S. Government Sponsored Enterprises
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	11,837	11,837
Investment securities available-for-sale, Gross Unrealized Losses	(3,192)	(3,207)
Investment securities available-for-sale, Estimated Fair Value	8,645	8,630
Corporate Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	18,401	18,355
Investment securities available-for-sale, Gross Unrealized Gains	40	30
Investment securities available-for-sale, Gross Unrealized Losses	(1,213)	(1,477)
Investment securities available-for-sale, Estimated Fair Value	$ 17,228	$ 16,908

Investment Securities - Sched_2

Investment Securities - Schedule of Investment Securities Held-to-Maturity (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	$ 34,275,000	$ 34,251,000
Investment securities held -to-maturity, Gross Unrealized Gain	55,000	58,000
Investment securities held -to-maturity, Gross Unrealized Losses	(457,000)	(474,000)
Investment securities held-to-maturity estimated fair value	33,873,000	33,835,000
Investment securities held-to-maturity estimated allowance for credit losses	(45,000)	(45,000)
U.S. Treasury Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	999,000	999,000
Investment securities held -to-maturity, Gross Unrealized Losses	(4,000)	(4,000)
Investment securities held-to-maturity estimated fair value	995,000	995,000
Government Agency Mortgage-Backed Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	776,000	795,000
Investment securities held -to-maturity, Gross Unrealized Losses	(55,000)	(76,000)
Investment securities held-to-maturity estimated fair value	721,000	719,000
Corporate Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	32,500,000	32,457,000
Investment securities held -to-maturity, Gross Unrealized Gain	55,000	58,000
Investment securities held -to-maturity, Gross Unrealized Losses	(398,000)	(394,000)
Investment securities held-to-maturity estimated fair value	32,157,000	32,121,000
Investment securities held-to-maturity estimated allowance for credit losses	$ (45,000)	$ (45,000)

Investment securities - Investm

Investment securities - Investment Securities Available-For-Sale In An Unrealized Loss Position (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale Less Than 12 Months Fair Value	$ 961,000	$ 5,557,000
Investment securities available-for-sale Less Than 12 Months Unrealized Loss	(19,000)	(214,000)
Investment securities available-for-sale 12 Months or More Fair Value	44,735,000	40,427,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(8,480,000)	(8,294,000)
Investment securities available-for-sale Total Fair Value	45,696,000	45,984,000
Investment securities available-for-sale Total Unrealized Loss	(8,499,000)	(8,508,000)
U.S. Treasury Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	4,459,000	4,498,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(698,000)	(649,000)
Investment securities available-for-sale Total Fair Value	4,459,000	4,498,000
Investment securities available-for-sale Total Unrealized Loss	(698,000)	(649,000)
Municipal Securities - Tax Exempt
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	436,000	442,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(89,000)	(85,000)
Investment securities available-for-sale Total Fair Value	436,000	442,000
Investment securities available-for-sale Total Unrealized Loss	(89,000)	(85,000)
Municipal Securities - Taxable
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	2,129,000	2,135,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(401,000)	(395,000)
Investment securities available-for-sale Total Fair Value	2,129,000	2,135,000
Investment securities available-for-sale Total Unrealized Loss	(401,000)	(395,000)
U.S. Government Sponsored Enterprises
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	8,645,000	8,630,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(3,192,000)	(3,207,000)
Investment securities available-for-sale Total Fair Value	8,645,000	8,630,000
Investment securities available-for-sale Total Unrealized Loss	(3,192,000)	(3,207,000)
Government Agency Mortgage-Backed Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	15,342,000	15,948,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(2,906,000)	(2,695,000)
Investment securities available-for-sale Total Fair Value	15,342,000	15,948,000
Investment securities available-for-sale Total Unrealized Loss	(2,906,000)	(2,695,000)
Corporate Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale Less Than 12 Months Fair Value	961,000	5,557,000
Investment securities available-for-sale Less Than 12 Months Unrealized Loss	(19,000)	(214,000)
Investment securities available-for-sale 12 Months or More Fair Value	13,724,000	8,774,000
Investment securities available-for-sale 12 Months or More Unrealized Loss	(1,194,000)	(1,263,000)
Investment securities available-for-sale Total Fair Value	14,685,000	14,331,000
Investment securities available-for-sale Total Unrealized Loss	$ (1,213,000)	$ (1,477,000)

Investment Securities - Sched_3

Investment Securities - Schedule of Amortized Cost and Estimated Fair Value of Investment Securities Available-for-Sale and Held to Maturity by Contractual Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Greater than 1 to 5 years, Amortized Cost	$ 6,950
Investment securities available-for-sale, Greater than 5 to 10 years, Amortized Cost	21,160
Investment securities available-for-sale, Greater than 10 years, Amortized Cost	10,340
Investment securities available-for-sale, Amortized Cost	56,698	$ 57,039
Investment securities available-for-sale, Greater than 1 to 5 years, Estimated Fair Value	6,592
Investment securities available-for-sale, Greater than 5 to 10 years, Estimated Fair Value	18,810
Investment securities available-for-sale, Greater than10 years, Estimated Fair Value	7,495
Investment securities available-for-sale, Estimated Fair Value	48,239	48,561
Investment securities held to maturity, Within 1 year, Amortized Cost	999
Investment securities held to maturity, Greater than 1 to 5 years, Amortized Cost	16,782
Investment securities held to maturity, Greater than 5 to 10 years, Amortized Cost	15,718
Investment securities held to maturity, Amortized Cost	34,275
Investment securities held to maturity, Within 1 year, Estimated Fair Value	995
Investment securities held to maturity, Greater than 1 to 5 years, Estimated Fair Value	16,716
Investment securities held to maturity, Greater than 5 to 10 years, Estimated Fair Value	15,441
Investment securities held to maturity, Estimated Fair Value	33,873
Debt Securities excluding Mortgage Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	38,450
Investment securities available-for-sale, Estimated Fair Value	32,897
Investment securities held to maturity, Amortized Cost	33,499
Investment securities held to maturity, Estimated Fair Value	33,152
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	18,248	18,643
Investment securities available-for-sale, Estimated Fair Value	15,342	$ 15,948
Investment securities held to maturity, Amortized Cost	776
Investment securities held to maturity, Estimated Fair Value	$ 721

Investment Securities - Additio

Investment Securities - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) Security	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	1
Number of available-for-sale securities in unrealized loss position 12 months or greater	68
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss | $	$ 19,000		$ 214,000
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss | $	8,480,000		8,294,000
Sales of available-for-sale securities | $	0	$ 0
Carrying value of available-for-sale securities pledged to secure public deposits | $	48,239,000		48,561,000
Investment securities held-to-maturity estimated allowance for credit losses | $	45,000		45,000
Collateral Pledged
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Carrying value of available-for-sale securities pledged to secure public deposits | $	$ 4,000,000		$ 4,200,000
U.S. Agency Bonds
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	4
U.S. Treasury Bonds
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	5
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	39
Municipal Securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	4
Corporate Securities
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of available-for-sale securities in unrealized loss position less than 12 months	17

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Summary of Major Classifications of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 674,498	$ 659,876
Less allowance for credit losses	(8,595)	(8,921)	$ (9,234)	$ (9,325)
Total loans, net	665,903	650,955
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	162,638	157,691
Less allowance for credit losses	(1,404)	(1,397)	(1,509)	(2,403)
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	145,610	145,100
Less allowance for credit losses	(1,292)	(1,298)	(1,396)	(2,079)
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	142,509	140,407
Construction, Land and Acquisition & Development
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	55,292	47,685
Less allowance for credit losses	(1,079)	(927)	(930)	(487)
Residential Mortgage 1-4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	53,133	53,650
Consumer Installment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	115,316	115,343
Less allowance for credit losses	$ (1,512)	$ (1,534)	$ (2,323)	$ (1,675)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended
	Mar. 31, 2024 USD ($) Loan	Mar. 31, 2023 USD ($) Loan	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Accrued interest on loans	$ 2,200,000		$ 2,100,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets
Provision for credit losses for held-to-maturity securities	$ 0	$ 10,000
Provision for credit losses, net	0	0
Provision for credit losses, net	0	7,000
Allowance for unfunded commitments	$ 8,595,000	$ 9,234,000	$ 8,921,000	$ 9,325,000
Troubled Debt Restructurings, Number of Contracts | Loan	0	0
Collateral-dependent loans without an allowance	$ 4,100,000	$ 4,300,000
Collateral dependent loans with an allowance	$ 0		0
Residential mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Troubled Debt Restructurings that have Subsequently Defaulted, Number of Contracts | Loan	0	0
Unfunded Commmitments
Financing Receivable Recorded Investment Past Due [Line Items]
Allowance for unfunded commitments	$ 531,000		$ 531,000
ASU 2016-13 | Unfunded Commmitments
Financing Receivable Recorded Investment Past Due [Line Items]
Provision for credit losses	$ 0	$ 3,000

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Summary of Allowance for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 8,921	$ 9,325
Charge-offs	(358)	(106)
Recoveries	32	15
Ending balance	8,595	9,234
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,397	2,403
Provision	167	(898)
Charge-offs	(160)	(4)
Recoveries		8
Ending balance	1,404	1,509
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,298	2,079
Provision	(6)	(683)
Ending balance	1,292	1,396
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,806	2,292
Provision	(70)	(1,084)
Charge-offs		(3)
Ending balance	1,736	1,205
Construction, Land and Acquisition & Development
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	927	487
Provision	152	443
Ending balance	1,079	930
Residential Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,038	345
Provision	(31)	1,169
Charge-offs	(5)
Ending balance	1,002	1,514
Consumer Installment
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,534	1,675
Provision	139	740
Charge-offs	(193)	(99)
Recoveries	32	7
Ending balance	1,512	2,323
Unallocated
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	921	44
Provision	(351)	313
Ending balance	$ 570	$ 357

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Summary of Recorded Investment in Past Due Loans, as Well as Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 674,498	$ 659,876
Nonaccrual without Allowance	7,164	7,426
30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	1,852	2,780
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	1,852	2,780
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	665,482	649,670
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	162,638	157,691
Commercial (Secured by Real Estate - Owner Occupied) | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	162,638	157,691
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	145,610	145,100
Nonaccrual without Allowance	4,280	4,505
Commercial (Secured by Real Estate - Non-owner Occupied) | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	141,330	140,595
Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total	142,509	140,407
Commercial and Industrial | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	142,509	140,407
Construction, Land and Acquisition & Development
Financing Receivable Recorded Investment Past Due [Line Items]
Total	55,292	47,685
Nonaccrual without Allowance	19
Construction, Land and Acquisition & Development | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	13
Construction, Land and Acquisition & Development | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	13
Construction, Land and Acquisition & Development | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	55,260	47,685
Residential Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Total	53,133	53,650
Nonaccrual without Allowance	2,528	2,504
Residential Mortgage | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	1,507	2,534
Residential Mortgage | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	1,507	2,534
Residential Mortgage | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	49,098	48,612
Consumer Installment
Financing Receivable Recorded Investment Past Due [Line Items]
Total	115,316	115,343
Nonaccrual without Allowance	337	417
Consumer Installment | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	332	246
Consumer Installment | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	332	246
Consumer Installment | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 114,647	$ 114,680

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Summary of Risk Category and Year of Origination of Loans by Class of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Composition Of Loan Portfolio [Line Items]
Current fiscal year	$ 37,270	$ 136,148
Fiscal year before current fiscal year	135,552	152,956
Two years before current fiscal year	145,981	111,619
Three years before current fiscal year	110,698	49,218
Four years before current fiscal year	48,316	41,714
Prior	169,282	127,669
Revolvers	27,399	40,552
Total	674,498	659,876
Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	37,270	136,025
Fiscal year before current fiscal year	135,419	152,359
Two years before current fiscal year	145,462	107,755
Three years before current fiscal year	106,916	49,058
Four years before current fiscal year	48,177	41,558
Prior	161,509	119,774
Revolvers	27,354	40,552
Total	662,107	647,081
Special Mention
Composition Of Loan Portfolio [Line Items]
Current fiscal year		73
Fiscal year before current fiscal year	53	190
Two years before current fiscal year	226	3,638
Three years before current fiscal year	3,531	21
Four years before current fiscal year	11	31
Prior	1,087	1,094
Total	4,908	5,047
Substandard
Composition Of Loan Portfolio [Line Items]
Current fiscal year		50
Fiscal year before current fiscal year	80	407
Two years before current fiscal year	293	226
Three years before current fiscal year	251	139
Four years before current fiscal year	128	125
Prior	6,686	6,801
Revolvers	45
Total	7,483	7,748
Current Period Gross Write-offs
Composition Of Loan Portfolio [Line Items]
Current fiscal year		9
Fiscal year before current fiscal year	7	159
Two years before current fiscal year	149	125
Three years before current fiscal year	37	14
Prior	165	207
Total	358	514
Commercial (Secured by Real Estate - Owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	162,638	157,691
Commercial (Secured by Real Estate - Owner Occupied) | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	4,773	11,210
Fiscal year before current fiscal year	13,138	23,441
Two years before current fiscal year	24,750	29,832
Three years before current fiscal year	28,527	22,982
Four years before current fiscal year	22,559	11,287
Prior	62,986	49,744
Revolvers	5,581	8,863
Total	162,314	157,359
Commercial (Secured by Real Estate - Owner Occupied) | Special Mention
Composition Of Loan Portfolio [Line Items]
Prior	324	332
Total	324	332
Commercial (Secured by Real Estate - Non-owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	145,610	145,100
Commercial (Secured by Real Estate - Non-owner Occupied) | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	4,383	32,830
Fiscal year before current fiscal year	31,925	37,395
Two years before current fiscal year	36,744	25,702
Three years before current fiscal year	28,451	4,436
Four years before current fiscal year	4,377	10,015
Prior	25,566	15,546
Revolvers	5,797	10,562
Total	137,243	136,486
Commercial (Secured by Real Estate - Non-owner Occupied) | Special Mention
Composition Of Loan Portfolio [Line Items]
Two years before current fiscal year		3,539
Three years before current fiscal year	3,517
Prior	541	540
Total	4,058	4,079
Commercial (Secured by Real Estate - Non-owner Occupied) | Substandard
Composition Of Loan Portfolio [Line Items]
Prior	4,309	4,535
Total	4,309	4,535
Commercial (Secured by Real Estate - Non-owner Occupied) | Current Period Gross Write-offs
Composition Of Loan Portfolio [Line Items]
Prior	160	204
Total	160	204
Commercial and Industrial
Composition Of Loan Portfolio [Line Items]
Total	142,509	140,407
Commercial and Industrial | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	8,127	22,473
Fiscal year before current fiscal year	21,279	21,590
Two years before current fiscal year	21,425	27,252
Three years before current fiscal year	27,458	14,764
Four years before current fiscal year	15,263	16,697
Prior	41,577	25,317
Revolvers	7,380	12,314
Total	142,509	140,407
Commercial and Industrial | Current Period Gross Write-offs
Composition Of Loan Portfolio [Line Items]
Prior		3
Total		3
Construction, Land and Acquisition & Development
Composition Of Loan Portfolio [Line Items]
Total	55,292	47,685
Construction, Land and Acquisition & Development | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	7,502	21,557
Fiscal year before current fiscal year	25,403	17,392
Two years before current fiscal year	14,628	5,034
Three years before current fiscal year	4,688	721
Four years before current fiscal year	106	216
Prior	476	210
Revolvers	2,470	2,534
Total	55,273	47,664
Construction, Land and Acquisition & Development | Substandard
Composition Of Loan Portfolio [Line Items]
Three years before current fiscal year		21
Four years before current fiscal year	19
Total	19	21
Residential Mortgage
Composition Of Loan Portfolio [Line Items]
Total	53,133	53,650
Residential Mortgage | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	335	5,354
Fiscal year before current fiscal year	4,985	5,672
Two years before current fiscal year	5,670	2,447
Three years before current fiscal year	2,399	1,289
Four years before current fiscal year	1,876	1,424
Prior	29,255	28,710
Revolvers	5,575	5,736
Total	50,095	50,632
Residential Mortgage | Special Mention
Composition Of Loan Portfolio [Line Items]
Prior	220	222
Total	220	222
Residential Mortgage | Substandard
Composition Of Loan Portfolio [Line Items]
Fiscal year before current fiscal year		202
Two years before current fiscal year	197	108
Three years before current fiscal year	104	107
Four years before current fiscal year	104	113
Prior	2,368	2,266
Revolvers	45
Total	2,818	2,796
Residential Mortgage | Current Period Gross Write-offs
Composition Of Loan Portfolio [Line Items]
Two years before current fiscal year	5
Total	5
Consumer Installment
Composition Of Loan Portfolio [Line Items]
Total	115,316	115,343
Consumer Installment | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	12,150	42,601
Fiscal year before current fiscal year	38,689	46,869
Two years before current fiscal year	42,245	17,488
Three years before current fiscal year	15,393	4,866
Four years before current fiscal year	3,996	1,919
Prior	1,649	247
Revolvers	551	543
Total	114,673	114,533
Consumer Installment | Special Mention
Composition Of Loan Portfolio [Line Items]
Current fiscal year		73
Fiscal year before current fiscal year	53	190
Two years before current fiscal year	226	99
Three years before current fiscal year	14	21
Four years before current fiscal year	11	31
Prior	2
Total	306	414
Consumer Installment | Substandard
Composition Of Loan Portfolio [Line Items]
Current fiscal year		50
Fiscal year before current fiscal year	80	205
Two years before current fiscal year	96	118
Three years before current fiscal year	147	11
Four years before current fiscal year	5	12
Prior	9
Total	337	396
Consumer Installment | Current Period Gross Write-offs
Composition Of Loan Portfolio [Line Items]
Current fiscal year		9
Fiscal year before current fiscal year	7	159
Two years before current fiscal year	144	125
Three years before current fiscal year	37	14
Prior	5
Total	$ 193	$ 307

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset gross carrying amount	$ 1,900,000		$ 1,900,000
Accumulated amortization	813,000		$ 765,000
Aggregate amortization expense	48,000	$ 48,000
Goodwill acquired acquisition	17,200,000	17,200,000
Impairment loss	$ 0	$ 0

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Deposits [Abstract]
Time certificates of deposit in denomination of $250,000 or more	$ 30,400,000	$ 31,200,000
Cash, FDIC insured amount	250,000
Brokered certificate of deposit	$ 107,400,000	$ 107,300,000
Brokered certificate of deposit, weighted average rate	4.65%	4.87%
Brokered certificate of deposit, weighted average maturity	28 months	28 months

Borrowings - Schedule of Federa

Borrowings - Schedule of Federal Home Loan Bank of Atlanta (FHLB) Advances (Details) - Federal Home Loan Bank of Atlanta - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB	$ 40,000,000	$ 40,000,000
January 06, 2026
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jan. 06, 2023	Jan. 06, 2023
Advances from FHLB	$ 10,000,000	$ 10,000,000
Advances from FHLB, Interest Rate	4.22%	4.22%
Advances from FHLB, Maturity	Jan. 06, 2026	Jan. 06, 2026
Advances from FHLB, Rate	Fixed	Fixed
Advances from FHLB, Call Feature	N/A	N/A
January 06, 2028
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jan. 06, 2023	Jan. 06, 2023
Advances from FHLB	$ 10,000,000	$ 10,000,000
Advances from FHLB, Interest Rate	3.94%	3.94%
Advances from FHLB, Maturity	Jan. 06, 2028	Jan. 06, 2028
Advances from FHLB, Rate	Fixed	Fixed
Advances from FHLB, Call Feature	N/A	N/A
October 25, 2028
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Oct. 25, 2023	Oct. 25, 2023
Advances from FHLB	$ 10,000,000	$ 10,000,000
Advances from FHLB, Interest Rate	3.99%	3.99%
Advances from FHLB, Maturity	Oct. 25, 2028	Oct. 25, 2028
Advances from FHLB, Rate	Convertible	Convertible
Advances from FHLB, Call Feature	4/25/2024	4/25/2024
December 14, 2028
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Dec. 14, 2023	Dec. 14, 2023
Advances from FHLB	$ 10,000,000	$ 10,000,000
Advances from FHLB, Interest Rate	3.28%	3.28%
Advances from FHLB, Maturity	Dec. 14, 2028	Dec. 14, 2028
Advances from FHLB, Rate	Convertible	Convertible
Advances from FHLB, Call Feature	6/14/2024	6/14/2024

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Line Of Credit Facility [Line Items]
Advances from FHLB collateralized by certain loans	$ 406,100,000	$ 392,600,000
Investment in FHLB stock	2,500,000	2,500,000
Line of credit amount outstanding	12,500,000	12,500,000
Federal Reserve Bank
Line Of Credit Facility [Line Items]
Line of credit facility, secured loans	101,900,000	96,100,000
Line of credit	76,800,000	67,400,000
Bank Term Funding Program
Line Of Credit Facility [Line Items]
Line of credit amount outstanding	11,800,000	$ 0
Unsecured Federal Funds
Line Of Credit Facility [Line Items]
Line of credit amount outstanding	0
Line of credit	$ 32,500,000

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2021	Dec. 31, 2017
Share-Based Payment Arrangement [Abstract]
Note payable balance of ESOP	$ 5,100,000		$ 5,100,000	$ 3,000,000	$ 3,000,000
Shares purchased by ESOP				225,721	295,499
ESOP expense	$ 86,000	$ 78,000
ESOP released shares	101,000		101,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended
	May 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 349,000	$ 260,000
Unrecognized compensation cost related to equity award grants		$ 3,400,000
Unrecognized compensation cost expected remaining vesting period		2 years 2 months 26 days
2018 Equity Incentive Plan | Restricted Stock | Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan				133,987
2018 Equity Incentive Plan | Stock Options | Common Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan				334,970
2022 Equity Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares approved under the plan	148,060
2022 Equity Incentive Plan | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of restricted stock grants	370,150

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract]
Option Shares Outstanding, Outstanding - Beginning Balance	640,766
Option Shares Outstanding, Outstanding - Ending Balance	640,766	640,766
Option Shares Outstanding, Exercisable	236,905
Weighted Average Exercise Price, Outstanding - Beginning Balance	$ 12.58
Weighted Average Exercise Price, Outstanding - Ending Balance	12.58	$ 12.58
Weighted Average Exercise Price, Exercisable	$ 10.98
Weighted Average Remaining Life (Years), Outstanding	7 years 6 months 3 days	7 years 9 months
Weighted Average Remaining Life (Years), Exercisable	6 years 3 months 10 days
Aggregate Intrinsic Value (in thousands), Outstanding	$ 2,476	$ 1,419
Aggregate Intrinsic Value (in thousands), Exercisable	$ 1,294

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Shares Outstanding, Outstanding - Beginning Balance	166,591
Restricted Shares Outstanding, Vested	(3,467)
Restricted Shares Outstanding, Outstanding - Ending Balance	163,124
Weighted Average Grant Date Fair Value, Outstanding - Beginning Balance | $ / shares	$ 13.46
Weighted Average Grant Date Fair Value, Outstanding - Ending Balance | $ / shares	$ 13.44

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale, Estimated Fair Value	$ 48,239	$ 48,561
Fair Value, Measurements, Recurring | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Investment securities available-for-sale, Estimated Fair Value	$ 48,200	$ 48,600

Fair Value Measurements and D_4

Fair Value Measurements and Disclosures - Schedule of Assets Measured at Fair Value on Nonrecurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	$ 2,850	$ 2,850
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	2,850	2,850
Collateral dependent loans	1,281	1,440
Total assets at fair value	4,131	4,290
Fair Value, Measurements, Nonrecurring | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	2,850	2,850
Collateral dependent loans	1,281	1,440
Total assets at fair value	$ 4,131	$ 4,290

Fair Value Measurements and D_5

Fair Value Measurements and Disclosures - Schedule of Carrying Amounts and Estimated Fair Values of Company's Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Financial assets:
Investment securities available-for-sale	$ 48,239	$ 48,561
Investment securities held-to-maturity	33,873	33,835
Carrying Amount | Level 1
Financial assets:
Cash and cash equivalents	61,395	50,025
Carrying Amount | Level 2
Financial assets:
Investment securities available-for-sale	48,239	48,561
Investment securities held-to-maturity	34,230	34,206
Financial liabilities:
Deposits	687,444	674,443
Carrying Amount | Level 3
Financial assets:
Other investments	5,480	5,434
Loans, net	665,903	650,955
Financial liabilities:
FHLB advances and other borrowings	51,837	40,000
Estimated Fair Value | Level 1
Financial assets:
Cash and cash equivalents	61,395	50,025
Estimated Fair Value | Level 2
Financial assets:
Investment securities available-for-sale	48,239	48,561
Investment securities held-to-maturity	33,873	33,835
Financial liabilities:
Deposits	685,322	673,854
Estimated Fair Value | Level 3
Financial assets:
Other investments	5,480	5,434
Loans, net	646,136	635,957
Financial liabilities:
FHLB advances and other borrowings	$ 51,515	$ 39,830