Affinity Bancshares (AFBI) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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		6,412,430
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	Sep. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 5,316	$ 6,030
Interest-earning deposits in other depository institutions	46,983	43,995
Cash and cash equivalents	52,299	50,025
Investment securities available-for-sale	48,400	48,561
Investment securities held-to-maturity (estimated fair value of $32,571, net of allowance for credit losses of $45 at September 30, 2024 and estimated fair value of $33,835, net of allowance for credit losses of $45 at December 31, 2023)	32,273	34,206
Other investments	6,167	5,434
Loans	697,572	659,876
Less allowance for credit losses	(8,398)	(8,921)
Net loans	689,174	650,955
Other real estate owned	0	2,850
Premises and equipment, net	3,469	3,797
Bank owned life insurance	16,385	16,086
Intangible assets	18,223	18,366
Other assets	12,171	12,978
Total assets	878,561	843,258
Liabilities:
Non-interest-bearing checking	161,361	154,689
Interest-bearing checking	87,947	85,362
Money market accounts	151,232	138,673
Savings accounts	69,426	74,768
Certificates of deposit	213,804	220,951
Total deposits	683,770	674,443
Federal Home Loan Bank advances and other borrowings	58,815	40,000
Accrued interest payable and other liabilities	7,600	7,299
Total liabilities	750,185	721,742
Stockholders' equity:
Common stock (par value $0.01 per share, 40,000,000 shares authorized; 6,412,430 issued and outstanding at September 30, 2024 and 6,416,628 issued and outstanding at December 31, 2023)	64	64
Preferred stock (10,000,000 shares authorized, no shares outstanding)
Additional paid in capital	62,049	61,026
Unearned ESOP shares	(4,430)	(4,587)
Retained earnings	75,441	71,345
Accumulated other comprehensive loss	(4,748)	(6,332)
Total stockholders' equity	128,376	121,516
Total liabilities and stockholders' equity	$ 878,561	$ 843,258

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 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	$ 32,571,000	$ 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	6,412,430	6,416,628
Common stock, shares outstanding	6,412,430	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 ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Interest income:
Loans, including fees	$ 10,596	$ 9,113	$ 30,575	$ 26,131
Investment securities	1,038	1,022	3,207	2,957
Interest-earning deposits	668	889	1,964	2,527
Total interest income	12,302	11,024	35,746	31,615
Interest expense:
Deposits	4,187	3,915	12,287	10,015
FHLB advances and other borrowings	701	208	1,727	1,109
Total interest expense	4,888	4,123	14,014	11,124
Net interest income before provision for credit losses	7,414	6,901	21,732	20,491
Provision for credit losses			213	7
Net interest income after provision for credit losses	7,414	6,901	21,519	20,484
Noninterest income:
Service charges on deposit accounts	364	426	1,150	1,222
Net gain on sale of other real estate owned			135
Other	202	204	570	638
Total noninterest income	566	630	1,855	1,860
Noninterest expenses:
Salaries and employee benefits	3,257	3,007	9,853	9,047
Occupancy	600	637	1,833	1,919
Data processing	520	525	1,538	1,504
Professional fees	356	160	1,737	475
Other	971	1,077	3,032	2,939
Total noninterest expenses	5,704	5,406	17,993	15,884
Income before income taxes	2,276	2,125	5,381	6,460
Income tax expense	546	502	1,285	1,525
Net income	$ 1,730	$ 1,623	$ 4,096	$ 4,935
Weighted average common shares outstanding
Basic	6,412,511	6,417,754	6,415,246	6,500,562
Diluted	6,611,468	6,493,114	6,555,096	6,575,923
Basic earnings per share	$ 0.27	$ 0.25	$ 0.64	$ 0.76
Diluted earnings per share	$ 0.26	$ 0.25	$ 0.62	$ 0.75

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,730	$ 1,623	$ 4,096	$ 4,935
Other comprehensive income (loss):
Net unrealized gains (losses) on available-for-sale securities, net of taxes of $423, $(368), $537 and $(374)	1,253	(1,090)	1,584	(1,104)
Total other comprehensive income (loss)	1,253	(1,090)	1,584	(1,104)
Total comprehensive income	$ 2,983	$ 533	$ 5,680	$ 3,831

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net unrealized gain (losses) on available-for-sale securities, tax	$ 423	$ (368)	$ 537	$ (374)

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	219		63	156
Stock-based compensation expense	782		782
Change in unrealized gain (loss) on investment securities available-for-sale, net of tax	(1,104)					(1,104)
Common stock repurchase	(2,999)	(2)	(2,997)
Adoption of new accounting pronouncement, net of tax (see Note 1) | ASU 2016-13	$ (460)				(460)
Accounting Standards Update [Extensible Enumeration]	Financing Receivable, Allowance for Credit Loss
Net income	$ 4,935				4,935
Ending balance at Sep. 30, 2023	118,476	64	60,978	(4,639)	69,832	(7,759)
Beginning balance at Jun. 30, 2023	117,939	64	61,027	(4,692)	68,209	(6,669)
ESOP loan payment and release of ESOP shares	74		21	53
Stock-based compensation expense	258		258
Change in unrealized gain (loss) on investment securities available-for-sale, net of tax	(1,090)					(1,090)
Common stock repurchase	(328)		(328)
Net income	1,623				1,623
Ending balance at Sep. 30, 2023	118,476	64	60,978	(4,639)	69,832	(7,759)
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	293		136	157
Stock-based compensation expense	887		887
Change in unrealized gain (loss) on investment securities available-for-sale, net of tax	1,584					1,584
Net income	4,096				4,096
Ending balance at Sep. 30, 2024	128,376	64	62,049	(4,430)	75,441	(4,748)
Beginning balance at Jun. 30, 2024	125,065	64	61,773	(4,482)	73,711	(6,001)
ESOP loan payment and release of ESOP shares	111		59	52
Stock-based compensation expense	217		217
Change in unrealized gain (loss) on investment securities available-for-sale, net of tax	1,253					1,253
Net income	1,730				1,730
Ending balance at Sep. 30, 2024	$ 128,376	$ 64	$ 62,049	$ (4,430)	$ 75,441	$ (4,748)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 4,096	$ 4,935
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, (accretion) and amortization	513	576
Stock-based compensation expense	887	782
Deferred income tax expense	241
Provision for credit losses	213	7
ESOP expense	293	219
Net loss (gain) on sale of other real estate owned	(135)
Increase in cash surrender value of bank owned life insurance	(299)	(267)
Change in:
Accrued interest receivable and other assets	29	(531)
Accrued interest payable and other liabilities	88	341
Net cash provided by operating activities	5,926	6,062
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	(399)	(352)
Proceeds from paydowns of investment securities available-for-sale	2,368	2,424
Proceeds from paydowns of investment securities held-to-maturity	2,076	37
Purchases of other investments	(733)	(5,716)
Proceeds from sales of other investments		1,913
Net change in loans	(38,091)	(14,720)
Proceeds from sales of other real estate owned	2,985
Net cash used in investing activities	(31,794)	(29,733)
Cash flows from financing activities:
Net change in deposits	9,327	51,875
Stock repurchase		(2,999)
Proceeds from FHLB advances	24,000	65,000
Repayment of FHLB advances	(10,000)	(55,000)
Proceeds from federal funds purchased	27	26
Repayment of federal funds purchased	(27)	(51)
Proceeds from other borrowings	11,838
Repayment of other borrowings	(7,023)
Net cash provided by financing activities	28,142	58,851
Net change in cash and cash equivalents	2,274	35,180
Cash and cash equivalents at beginning of period	50,025	26,324
Cash and cash equivalents at end of period	52,299	61,503
Supplemental disclosures of cash flow information:
Cash paid for interest	13,916	10,306
Cash paid for income taxes	1,469	1,543
Change in unrealized gain on investment securities available-for-sale, net of tax	$ 1,584	$ (1,104)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,730	$ 1,623	$ 4,096	$ 4,935

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Nature of Operations

Nature of Operations	9 Months Ended
	Sep. 30, 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 September 30, 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 and nine months ended September 30, 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. Proposed Transaction On May 30, 2024, the Company, Affinity Bank, and Atlanta Postal Credit Union (“APCU”) entered into a Purchase and Assumption Agreement (the “Agreement”), pursuant to which APCU will acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of Affinity Bank. Following the consummation of the purchase and assumption transaction, the Bank and the Company intend to voluntarily dissolve and liquidate, and the Company expects to distribute its remaining net assets to the stockholders of the Company. 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (Dollars in thousands except per share data) Net income $ 1,730 $ 1,623 $ 4,096 $ 4,935 Weighted average common shares outstanding 6,412,511 6,417,754 6,415,246 6,500,562 Effect of dilutive common stock awards 198,957 75,360 139,850 75,361 Diluted weighted average common shares outstanding 6,611,468 6,493,114 6,555,096 6,575,923 Basic earnings per common share $ 0.27 $ 0.25 $ 0.64 $ 0.76 Diluted earnings per common share 0.26 $ 0.25 0.62 0.75 There were 10,000 and 110,000 anti-dilutive options for the three and nine months ended September 30, 2024 and 285,454 anti-dilutive options for the three and nine months ended September 30, 2023 .

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Investment Securities	(2) Investment Securities Investment securities available-for-sale at September 30, 2024 and December 31, 2023 are as follows: (in thousands) September 30, 2024 Amortized Cost Gross Gross Estimated Fair Value U.S. Treasury securities $ 5,177 $ — $ ( 479 ) $ 4,698 Municipal securities - tax exempt 522 — ( 68 ) 454 Municipal securities - taxable 2,530 — ( 287 ) 2,243 U. S. Government sponsored enterprises 11,837 — ( 2,638 ) 9,199 Government agency mortgage-backed securities 17,190 — ( 2,156 ) 15,034 Corporate securities 17,501 53 ( 782 ) 16,772 Total $ 54,757 $ 53 $ ( 6,410 ) $ 48,400 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 September 30, 2024 and December 31, 2023 are as follows: (in thousands) September 30, 2024 Amortized Cost Gross Gross Fair Value Estimated Allowance for Credit Losses U.S. Treasury securities $ 1,000 $ — $ — $ 1,000 $ — Government agency mortgage-backed securities 733 — ( 74 ) 659 — Corporate securities 30,585 391 ( 64 ) 30,912 ( 45 ) Total $ 32,318 $ 391 $ ( 138 ) $ 32,571 $ ( 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 September 30, 2024. 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 September 30, 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 September 30, 2024 and December 31, 2023 are as follows: (in thousands) Less Than 12 Months 12 Months or More Total September 30, 2024 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities $ — $ — $ 4,698 $ ( 479 ) $ 4,698 $ ( 479 ) Municipal securities - tax exempt — — 454 ( 68 ) 454 ( 68 ) Municipal securities - taxable — — 2,243 ( 287 ) 2,243 ( 287 ) U. S. Government sponsored enterprises — — 9,199 ( 2,638 ) 9,199 ( 2,638 ) Government agency mortgage-backed securities — — 15,034 ( 2,156 ) 15,034 ( 2,156 ) Corporate securities — — 14,206 ( 782 ) 14,206 ( 782 ) Total $ — $ — $ 45,834 $ ( 6,410 ) $ 45,834 $ ( 6,410 ) 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 were 67 available-for-sale securities in an unrealized loss position for 12 months or greater totaling $ 6.4 million as of September 30, 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-eight 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 16 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 September 30, 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 September 30, 2024. The amortized cost and estimated fair value of investment securities available-for-sale and held-to-maturity at September 30, 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 $ — $ — $ 1,950 $ 1,955 Greater than 1 to 5 years 11,966 11,737 13,857 13,949 Greater than 5 to 10 years 15,264 13,667 15,778 16,008 Greater than 10 years 10,337 7,962 — — 37,567 33,366 31,585 31,912 Government agency mortgage-backed securities 17,190 15,034 733 659 Total $ 54,757 $ 48,400 $ 32,318 $ 32,571 There were no sales of investment securities available-for-sale during the three and nine months ended September 30, 2024 or 2023. Available-for-sale securities with a carrying value of approximately $ 3.5 million and $ 4.2 million were pledged to secure public deposits at September 30, 2024 and December 31, 2023 , respectively.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Loans and Allowance for Credit Losses	(3) Loans and Allowance for Credit Losses Major classifications of loans, by collateral code, at September 30, 2024 and December 31, 2023 are summarized as follows:(in thousands) September 30, 2024 December 31, 2023 Commercial (secured by real estate - owner occupied) $ 158,189 $ 157,691 Commercial (secured by real estate - non-owner occupied) 158,250 145,100 Commercial and industrial 146,863 140,407 Construction, land and acquisition & development 63,717 47,685 Residential mortgage 1-4 family 52,684 53,650 Consumer installment 117,869 115,343 Total 697,572 659,876 Less allowance for credit losses ( 8,398 ) ( 8,921 ) Total loans, net $ 689,174 $ 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 $ 2.4 million on September 30, 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 and nine months ended September 30, 2024 and 2023 (in thousands) Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Allowance for Credit Loss Beginning balance June 30, 2024 $ 1,309 $ 1,319 $ 1,707 $ 1,176 $ 1,106 $ 1,550 $ 294 $ 8,461 Provision 4 52 24 39 ( 38 ) 93 ( 174 ) — Charge-offs — — — — — ( 75 ) — ( 75 ) Recoveries — — — — — 12 — 12 Ending balance, September 30, 2024 $ 1,313 $ 1,371 $ 1,731 $ 1,215 $ 1,068 $ 1,580 $ 120 $ 8,398 Allowance for Credit Loss Beginning balance December 31, 2023 $ 1,397 $ 1,298 $ 1,806 $ 927 $ 1,038 $ 1,534 $ 921 $ 8,921 Provision ( 84 ) 238 ( 75 ) 288 80 354 ( 801 ) — Charge-offs — ( 165 ) — — ( 50 ) ( 372 ) — ( 587 ) Recoveries — — — — — 64 — 64 Ending balance September 30, 2024 $ 1,313 $ 1,371 $ 1,731 $ 1,215 $ 1,068 $ 1,580 $ 120 $ 8,398 Allowance for Credit Loss Beginning balance, June 30, 2023 $ 1,492 $ 1,331 $ 1,116 $ 1,010 $ 1,475 $ 2,321 $ 507 $ 9,252 Provision ( 81 ) ( 71 ) ( 196 ) 24 89 24 211 — Charge-offs — — — — — ( 64 ) — ( 64 ) Recoveries — — 1 — 13 9 — 23 Ending balance, September 30, 2023 $ 1,411 $ 1,260 $ 921 $ 1,034 $ 1,577 $ 2,290 $ 718 $ 9,211 Allowance for Credit Loss Beginning balance, December 31, 2022 $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Provision ( 996 ) ( 819 ) ( 1,369 ) 547 1,183 780 674 — Charge-offs ( 4 ) — ( 3 ) — — ( 212 ) — ( 219 ) Recoveries 8 — 1 — 49 47 — 105 Ending balance, September 30, 2023 $ 1,411 $ 1,260 $ 921 $ 1,034 $ 1,577 $ 2,290 $ 718 $ 9,211 No provision for credit losses on loans was recorded for the three and nine months ended September 30, 2024 and 2023. A provision on unfunded commitments for the three months ended September 30, 2024 and 2023 of $ 213,000 and $ 0 was recorded, respectively, and is included in accrued interest payable and other liabilities on the consolidated balance sheet. A provision on unfunded commitments for the nine months ended September 30, 2024 of $ 213,000 and a release of $ 3,000 was recorded for the nine months ended September 30, 2023. The allowance for unfunded commitments as of September 30, 2024 and December 31, 2023 was $ 744,000 and $ 531,000 , respectively and is included in accrued interest payable and other liabilities on the consolidated balance sheet.. The Bank also recorded a provision of $ 0 and $ 10,000 for credit losses for held-to-maturity securities for the three and nine months ended September 30, 2024 and 2023, respectively. The Bank individually evaluates loans meeting a certain threshold for impairment that are on nonaccrual status or are rated substandard (as described below). Collateral-Dependent Loans and 2023, respectively and we had $ 2.0 million and $ 4.3 million, respectively, of collateral-dependent loans without an allowance and no collateral-dependent loans with an allowance at September 30, 2024 and December 31, 2023. 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 September 30, 2024 and December 31, 2023 by class of loans: (in thousands) September 30, 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) $ — $ — $ — $ — $ — $ 2,006 $ 156,183 $ 158,189 Commercial (secured by real estate - non-owner occupied) — — — — — 158 158,092 158,250 Commercial and industrial — — — — — — 146,863 146,863 Construction, land and acquisition & — — — — — 18 63,699 63,717 Residential mortgage 55 — — 55 — 2,437 50,192 52,684 Consumer installment 424 — — 424 — 252 117,193 117,869 Total $ 479 $ — $ — $ 479 $ — $ 4,871 $ 692,222 $ 697,572 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 was one commercial (secured by real estate - owner occupied) loan modification to a borrower with financial difficulty during the three and nine months ended September 30, 2024 for $ 2.0 million. The loan modification provided for a six-month period with fixed payments of $ 5,000 . There were no loan modifications to a borrower with financial difficulty during the three and nine months ended September 30, 2023. No loan modifications made to a borrower with financial difficulty subsequently defaulted during the three and nine months ended September 30, 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 September 30, 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) September 30, 2024 2024 2023 2022 2021 2020 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 12,289 $ 14,234 $ 25,756 $ 21,471 $ 21,158 $ 57,929 $ 3,037 $ 155,874 Commercial (secured by real estate - non-owner occupied) 29,698 24,331 39,840 27,698 4,776 24,990 2,722 154,055 Commercial and industrial 21,515 20,841 19,076 27,407 14,368 36,039 7,617 146,863 Construction, land and acquisition & development 30,612 20,539 8,064 3,951 103 382 48 63,699 Residential mortgage 3,064 6,157 5,659 2,202 1,529 25,561 5,575 49,747 Consumer installment 37,658 31,303 33,288 11,245 2,543 879 548 117,464 Total pass 134,836 117,405 131,683 93,974 44,477 145,780 19,547 687,702 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 309 — 309 Commercial (secured by real estate - non-owner occupied) — — — 3,474 — 536 — 4,010 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 216 — 216 Consumer installment 1 49 42 38 22 — — 152 Total special mention 1 49 42 3,512 22 1,061 — 4,687 Substandard Commercial (secured by real estate - owner occupied) — — — — — 2,006 — 2,006 Commercial (secured by real estate - non-owner occupied) — — — — — 185 — 185 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — 18 — — 18 Residential mortgage — — 187 98 99 2,337 — 2,721 Consumer installment — 36 81 127 4 5 — 253 Total substandard — 36 268 225 121 4,533 — 5,183 Total $ 134,837 $ 117,490 $ 131,993 $ 97,711 $ 44,620 $ 151,374 $ 19,547 $ 697,572 Current year to date period gross charge-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 165 — 165 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — 5 — — 45 — 50 Consumer installment — 47 259 61 — 5 — 372 Total current period gross write-offs $ — $ 47 $ 264 $ 61 $ — $ 215 $ — $ 587 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 Gross charge-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	9 Months Ended
	Sep. 30, 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 $ 908,000 at September 30, 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 $ 47,000 for the three months ended September 30, 2024 and 2023. Aggregate amortization expense was $ 143,000 for the nine months ended September 30, 2024 and 2023. Goodwill acquired through acquisition was $ 17.2 million at September 30, 2024 and 2023. No impairment loss was recognized during the nine months ended September 30, 2024 and 2023 .

Deposits

Deposits	9 Months Ended
	Sep. 30, 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 $ 30.8 million at September 30, 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 $ 107.3 million and had a weighted average rate of 4.65 % and a weighted average maturity of 22 months at September 30, 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	9 Months Ended
	Sep. 30, 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 September 30, 2024 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 10/25/2024 6/14/2024 10,000,000 5.45 % 12/13/2024 Fixed N/A 7/11/2024 14,000,000 3.50 % 7/11/2029 Convertible 1/11/2025 $ 54,000,000 At September 30, 2024 and December 31, 2023 , the FHLB advances were collateralized by certain loans which totaled approximately $ 421.9 million and $ 392.6 million, and by the Company’s investment in FHLB stock which totaled approximately $ 3.2 million and $ 2.5 million at September 30, 2024 and December 31, 2023, respectively. The Company had one FHLB letter of credit of $ 12.5 million, used to collateralize public deposits, outstanding at both September 30, 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 September 30, 2024. We also have a line of $ 73.3 million and $ 67.4 million with the Federal Reserve Bank secured by $ 96.7 million and $ 96.1 million in loans and investment securities as of September 30, 2024 and December 31, 2023 , respectively. There was $ 4.8 million and $ 0 outstanding under the Bank Term Funding Program at September 30, 2024 and December 31, 2023 , respectively. The following advances under Bank Term advances, which require interest paid in full at maturity, were outstanding at September 30, 2024: Advance Date Advance Interest Rate Maturity Rate 1/17/2024 $ 4,815,000 4.85 % 1/17/2025 Fixed

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Sep. 30, 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 September 30, 2024 and 2023 was approximately $ 111,000 and $ 74,000 , respectively. Total ESOP expense for the nine months ended September 30, 2024 and 2023 was approximately $ 293,000 and $ 219,000 , respectively. The balance of the note payable of the ESOP was approximately $ 5.1 million at September 30, 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 September 30, 2024 and December 31, 2023 , 101,000 shares had been released.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 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 Outstanding - June 30, 2024 640,766 12.58 7.26 3,517 Outstanding - September 30, 2024 640,766 $ 12.58 7.00 $ 5,596 Exercisable - September 30, 2024 336,895 $ 11.30 5.97 $ 3,372 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 Vested ( 27,174 ) Outstanding - June 30, 2024 135,950 14.06 Vested * ( 20,867 ) Outstanding September 30, 2024 115,083 $ 13.92 * The terms of the restricted stock agreements permit the surrender of shares to the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 4,198 shares were surrendered during the three and nine months ended September 30, 2024. The Company recognized approximately $ 217,000 and $ 258,000 , of stock-based compensation expense during the three months ended September 30, 2024 and 2023 respectively, associated with its common stock awards granted to directors and officers. The Company recognized approximately $ 887,000 and $ 782,000 , of stock-based compensation expense during the nine months ended September 30, 2024 and 2023 respectively, associated with its common stock awards granted to directors and officers. This expense is net of approximately $ 90,000 and $ 28,000 during the three months ended September 30, 2024 and 2023, respectively and $ 90,000 and $ 46,000 during the nine months ended September 30, 2024 and 2023, respectively for shares surrendered to satisfy applicable tax withholding requirements As of September 30, 2024 , there was approximately $ 2.8 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 1.82 years.

Fair Value Measurements and Dis

Fair Value Measurements and Disclosures	9 Months Ended
	Sep. 30, 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 $ 48.4 million and $ 48.6 million at September 30, 2024 and December 31, 2023, respectively. 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 September 30, 2024 and December 31, 2023 (in thousands). September 30, 2024 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ — $ — Collateral dependent loans — — 2,000 2,000 Total assets at fair value $ — $ — $ 2,000 $ 2,000 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 September 30, 2024 and December 31, 2023 are as follows: September 30, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents Level 1 $ 52,299 $ 52,299 $ 50,025 $ 50,025 Investment securities available-for-sale Level 2 48,400 48,400 48,561 48,561 Investment securities held-to-maturity Level 2 32,273 32,571 34,206 33,835 Other investments Level 3 6,167 6,167 5,434 5,434 Loans, net Level 3 689,174 685,123 650,955 635,957 Financial liabilities: Deposits Level 2 683,770 684,865 674,443 673,854 FHLB advances and other borrowings Level 3 58,815 58,271 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)	9 Months Ended
	Sep. 30, 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 September 30, 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 and nine months ended September 30, 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.
Proposed Transaction	Proposed Transaction On May 30, 2024, the Company, Affinity Bank, and Atlanta Postal Credit Union (“APCU”) entered into a Purchase and Assumption Agreement (the “Agreement”), pursuant to which APCU will acquire substantially all of the assets and assume substantially all of the liabilities (including deposit liabilities) of Affinity Bank. Following the consummation of the purchase and assumption transaction, the Bank and the Company intend to voluntarily dissolve and liquidate, and the Company expects to distribute its remaining net assets to the stockholders of the Company.
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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (Dollars in thousands except per share data) Net income $ 1,730 $ 1,623 $ 4,096 $ 4,935 Weighted average common shares outstanding 6,412,511 6,417,754 6,415,246 6,500,562 Effect of dilutive common stock awards 198,957 75,360 139,850 75,361 Diluted weighted average common shares outstanding 6,611,468 6,493,114 6,555,096 6,575,923 Basic earnings per common share $ 0.27 $ 0.25 $ 0.64 $ 0.76 Diluted earnings per common share 0.26 $ 0.25 0.62 0.75 There were 10,000 and 110,000 anti-dilutive options for the three and nine months ended September 30, 2024 and 285,454 anti-dilutive options for the three and nine months ended September 30, 2023 .

Nature of Operations (Tables)

Nature of Operations (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (Dollars in thousands except per share data) Net income $ 1,730 $ 1,623 $ 4,096 $ 4,935 Weighted average common shares outstanding 6,412,511 6,417,754 6,415,246 6,500,562 Effect of dilutive common stock awards 198,957 75,360 139,850 75,361 Diluted weighted average common shares outstanding 6,611,468 6,493,114 6,555,096 6,575,923 Basic earnings per common share $ 0.27 $ 0.25 $ 0.64 $ 0.76 Diluted earnings per common share 0.26 $ 0.25 0.62 0.75

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities Available-for-Sale	Investment securities available-for-sale at September 30, 2024 and December 31, 2023 are as follows: (in thousands) September 30, 2024 Amortized Cost Gross Gross Estimated Fair Value U.S. Treasury securities $ 5,177 $ — $ ( 479 ) $ 4,698 Municipal securities - tax exempt 522 — ( 68 ) 454 Municipal securities - taxable 2,530 — ( 287 ) 2,243 U. S. Government sponsored enterprises 11,837 — ( 2,638 ) 9,199 Government agency mortgage-backed securities 17,190 — ( 2,156 ) 15,034 Corporate securities 17,501 53 ( 782 ) 16,772 Total $ 54,757 $ 53 $ ( 6,410 ) $ 48,400 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 September 30, 2024 and December 31, 2023 are as follows: (in thousands) September 30, 2024 Amortized Cost Gross Gross Fair Value Estimated Allowance for Credit Losses U.S. Treasury securities $ 1,000 $ — $ — $ 1,000 $ — Government agency mortgage-backed securities 733 — ( 74 ) 659 — Corporate securities 30,585 391 ( 64 ) 30,912 ( 45 ) Total $ 32,318 $ 391 $ ( 138 ) $ 32,571 $ ( 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 September 30, 2024 and December 31, 2023 are as follows: (in thousands) Less Than 12 Months 12 Months or More Total September 30, 2024 Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss U.S. Treasury securities $ — $ — $ 4,698 $ ( 479 ) $ 4,698 $ ( 479 ) Municipal securities - tax exempt — — 454 ( 68 ) 454 ( 68 ) Municipal securities - taxable — — 2,243 ( 287 ) 2,243 ( 287 ) U. S. Government sponsored enterprises — — 9,199 ( 2,638 ) 9,199 ( 2,638 ) Government agency mortgage-backed securities — — 15,034 ( 2,156 ) 15,034 ( 2,156 ) Corporate securities — — 14,206 ( 782 ) 14,206 ( 782 ) Total $ — $ — $ 45,834 $ ( 6,410 ) $ 45,834 $ ( 6,410 ) 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 September 30, 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 $ — $ — $ 1,950 $ 1,955 Greater than 1 to 5 years 11,966 11,737 13,857 13,949 Greater than 5 to 10 years 15,264 13,667 15,778 16,008 Greater than 10 years 10,337 7,962 — — 37,567 33,366 31,585 31,912 Government agency mortgage-backed securities 17,190 15,034 733 659 Total $ 54,757 $ 48,400 $ 32,318 $ 32,571

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Summary of Major Classifications of Loans	Major classifications of loans, by collateral code, at September 30, 2024 and December 31, 2023 are summarized as follows:(in thousands) September 30, 2024 December 31, 2023 Commercial (secured by real estate - owner occupied) $ 158,189 $ 157,691 Commercial (secured by real estate - non-owner occupied) 158,250 145,100 Commercial and industrial 146,863 140,407 Construction, land and acquisition & development 63,717 47,685 Residential mortgage 1-4 family 52,684 53,650 Consumer installment 117,869 115,343 Total 697,572 659,876 Less allowance for credit losses ( 8,398 ) ( 8,921 ) Total loans, net $ 689,174 $ 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 and nine months ended September 30, 2024 and 2023 (in thousands) Commercial Commercial Commercial Construction, Residential Consumer Unallocated Total Allowance for Credit Loss Beginning balance June 30, 2024 $ 1,309 $ 1,319 $ 1,707 $ 1,176 $ 1,106 $ 1,550 $ 294 $ 8,461 Provision 4 52 24 39 ( 38 ) 93 ( 174 ) — Charge-offs — — — — — ( 75 ) — ( 75 ) Recoveries — — — — — 12 — 12 Ending balance, September 30, 2024 $ 1,313 $ 1,371 $ 1,731 $ 1,215 $ 1,068 $ 1,580 $ 120 $ 8,398 Allowance for Credit Loss Beginning balance December 31, 2023 $ 1,397 $ 1,298 $ 1,806 $ 927 $ 1,038 $ 1,534 $ 921 $ 8,921 Provision ( 84 ) 238 ( 75 ) 288 80 354 ( 801 ) — Charge-offs — ( 165 ) — — ( 50 ) ( 372 ) — ( 587 ) Recoveries — — — — — 64 — 64 Ending balance September 30, 2024 $ 1,313 $ 1,371 $ 1,731 $ 1,215 $ 1,068 $ 1,580 $ 120 $ 8,398 Allowance for Credit Loss Beginning balance, June 30, 2023 $ 1,492 $ 1,331 $ 1,116 $ 1,010 $ 1,475 $ 2,321 $ 507 $ 9,252 Provision ( 81 ) ( 71 ) ( 196 ) 24 89 24 211 — Charge-offs — — — — — ( 64 ) — ( 64 ) Recoveries — — 1 — 13 9 — 23 Ending balance, September 30, 2023 $ 1,411 $ 1,260 $ 921 $ 1,034 $ 1,577 $ 2,290 $ 718 $ 9,211 Allowance for Credit Loss Beginning balance, December 31, 2022 $ 2,403 $ 2,079 $ 2,292 $ 487 $ 345 $ 1,675 $ 44 $ 9,325 Provision ( 996 ) ( 819 ) ( 1,369 ) 547 1,183 780 674 — Charge-offs ( 4 ) — ( 3 ) — — ( 212 ) — ( 219 ) Recoveries 8 — 1 — 49 47 — 105 Ending balance, September 30, 2023 $ 1,411 $ 1,260 $ 921 $ 1,034 $ 1,577 $ 2,290 $ 718 $ 9,211
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 September 30, 2024 and December 31, 2023 by class of loans: (in thousands) September 30, 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) $ — $ — $ — $ — $ — $ 2,006 $ 156,183 $ 158,189 Commercial (secured by real estate - non-owner occupied) — — — — — 158 158,092 158,250 Commercial and industrial — — — — — — 146,863 146,863 Construction, land and acquisition & — — — — — 18 63,699 63,717 Residential mortgage 55 — — 55 — 2,437 50,192 52,684 Consumer installment 424 — — 424 — 252 117,193 117,869 Total $ 479 $ — $ — $ 479 $ — $ 4,871 $ 692,222 $ 697,572 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 September 30, 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) September 30, 2024 2024 2023 2022 2021 2020 Prior Revolvers Total Pass Commercial (secured by real estate - owner occupied) $ 12,289 $ 14,234 $ 25,756 $ 21,471 $ 21,158 $ 57,929 $ 3,037 $ 155,874 Commercial (secured by real estate - non-owner occupied) 29,698 24,331 39,840 27,698 4,776 24,990 2,722 154,055 Commercial and industrial 21,515 20,841 19,076 27,407 14,368 36,039 7,617 146,863 Construction, land and acquisition & development 30,612 20,539 8,064 3,951 103 382 48 63,699 Residential mortgage 3,064 6,157 5,659 2,202 1,529 25,561 5,575 49,747 Consumer installment 37,658 31,303 33,288 11,245 2,543 879 548 117,464 Total pass 134,836 117,405 131,683 93,974 44,477 145,780 19,547 687,702 Special Mention Commercial (secured by real estate - owner occupied) — — — — — 309 — 309 Commercial (secured by real estate - non-owner occupied) — — — 3,474 — 536 — 4,010 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — — — — 216 — 216 Consumer installment 1 49 42 38 22 — — 152 Total special mention 1 49 42 3,512 22 1,061 — 4,687 Substandard Commercial (secured by real estate - owner occupied) — — — — — 2,006 — 2,006 Commercial (secured by real estate - non-owner occupied) — — — — — 185 — 185 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — 18 — — 18 Residential mortgage — — 187 98 99 2,337 — 2,721 Consumer installment — 36 81 127 4 5 — 253 Total substandard — 36 268 225 121 4,533 — 5,183 Total $ 134,837 $ 117,490 $ 131,993 $ 97,711 $ 44,620 $ 151,374 $ 19,547 $ 697,572 Current year to date period gross charge-offs Commercial (secured by real estate - owner occupied) $ — $ — $ — $ — $ — $ — $ — $ — Commercial (secured by real estate - non-owner occupied) — — — — — 165 — 165 Commercial and industrial — — — — — — — — Construction, land and acquisition & development — — — — — — — — Residential mortgage — — 5 — — 45 — 50 Consumer installment — 47 259 61 — 5 — 372 Total current period gross write-offs $ — $ 47 $ 264 $ 61 $ — $ 215 $ — $ 587 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 Gross charge-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)	9 Months Ended
	Sep. 30, 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 September 30, 2024 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 10/25/2024 6/14/2024 10,000,000 5.45 % 12/13/2024 Fixed N/A 7/11/2024 14,000,000 3.50 % 7/11/2029 Convertible 1/11/2025 $ 54,000,000
Schedule of Advances Under Bank Term Advances	The following advances under Bank Term advances, which require interest paid in full at maturity, were outstanding at September 30, 2024: Advance Date Advance Interest Rate Maturity Rate 1/17/2024 $ 4,815,000 4.85 % 1/17/2025 Fixed

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 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 Outstanding - June 30, 2024 640,766 12.58 7.26 3,517 Outstanding - September 30, 2024 640,766 $ 12.58 7.00 $ 5,596 Exercisable - September 30, 2024 336,895 $ 11.30 5.97 $ 3,372
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 Vested ( 27,174 ) Outstanding - June 30, 2024 135,950 14.06 Vested * ( 20,867 ) Outstanding September 30, 2024 115,083 $ 13.92 * The terms of the restricted stock agreements permit the surrender of shares to the Company upon vesting in order to satisfy applicable tax withholding requirements at the minimum statutory withholding rate, and accordingly, 4,198 shares were surrendered during the three and nine months ended September 30, 2024.

Fair Value Measurements and D_2

Fair Value Measurements and Disclosures (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2024 and December 31, 2023 (in thousands). September 30, 2024 Level 1 Level 2 Level 3 Total Other real estate owned $ — $ — $ — $ — Collateral dependent loans — — 2,000 2,000 Total assets at fair value $ — $ — $ 2,000 $ 2,000 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 September 30, 2024 and December 31, 2023 are as follows: September 30, 2024 December 31, 2023 Carrying Estimated Carrying Estimated Amount Fair Value Amount Fair Value Financial assets: Cash and cash equivalents Level 1 $ 52,299 $ 52,299 $ 50,025 $ 50,025 Investment securities available-for-sale Level 2 48,400 48,400 48,561 48,561 Investment securities held-to-maturity Level 2 32,273 32,571 34,206 33,835 Other investments Level 3 6,167 6,167 5,434 5,434 Loans, net Level 3 689,174 685,123 650,955 635,957 Financial liabilities: Deposits Level 2 683,770 684,865 674,443 673,854 FHLB advances and other borrowings Level 3 58,815 58,271 40,000 39,830

Nature of Operations - Addition

Nature of Operations - Additional Information (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Stock Options
Basis Of Presentation [Line Items]
Options to purchase shares excluded from calculation of diluted earnings per common share	10,000	285,454	110,000	285,454

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income	$ 1,730	$ 1,623	$ 4,096	$ 4,935
Weighted average common shares outstanding	6,412,511	6,417,754	6,415,246	6,500,562
Effect of dilutive common stock awards	198,957	75,360	139,850	75,361
Diluted weighted average common shares outstanding	6,611,468	6,493,114	6,555,096	6,575,923
Basic earnings per common share	$ 0.27	$ 0.25	$ 0.64	$ 0.76
Diluted earnings per common share	$ 0.26	$ 0.25	$ 0.62	$ 0.75

Investment Securities - Schedul

Investment Securities - Schedule of Investment Securities Available-for-Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	$ 54,757	$ 57,039
Investment securities available-for-sale, Gross Unrealized Gains	53	30
Investment securities available-for-sale, Gross Unrealized Losses	(6,410)	(8,508)
Investment securities available-for-sale, Estimated Fair Value	48,400	48,561
U.S. Treasury Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	5,177	5,147
Investment securities available-for-sale, Gross Unrealized Losses	(479)	(649)
Investment securities available-for-sale, Estimated Fair Value	4,698	4,498
Municipal Securities - Tax Exempt
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	522	527
Investment securities available-for-sale, Gross Unrealized Losses	(68)	(85)
Investment securities available-for-sale, Estimated Fair Value	454	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	(287)	(395)
Investment securities available-for-sale, Estimated Fair Value	2,243	2,135
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	17,190	18,643
Investment securities available-for-sale, Gross Unrealized Losses	(2,156)	(2,695)
Investment securities available-for-sale, Estimated Fair Value	15,034	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	(2,638)	(3,207)
Investment securities available-for-sale, Estimated Fair Value	9,199	8,630
Corporate Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	17,501	18,355
Investment securities available-for-sale, Gross Unrealized Gains	53	30
Investment securities available-for-sale, Gross Unrealized Losses	(782)	(1,477)
Investment securities available-for-sale, Estimated Fair Value	$ 16,772	$ 16,908

Investment Securities - Sched_2

Investment Securities - Schedule of Investment Securities Held-to-Maturity (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	$ 32,318,000	$ 34,251,000
Investment securities held -to-maturity, Gross Unrealized Gain	391,000	58,000
Investment securities held -to-maturity, Gross Unrealized Losses	(138,000)	(474,000)
Investment securities held-to-maturity estimated fair value	32,571,000	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	1,000,000	999,000
Investment securities held -to-maturity, Gross Unrealized Losses		(4,000)
Investment securities held-to-maturity estimated fair value	1,000,000	995,000
Government Agency Mortgage-Backed Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	733,000	795,000
Investment securities held -to-maturity, Gross Unrealized Losses	(74,000)	(76,000)
Investment securities held-to-maturity estimated fair value	659,000	719,000
Corporate Securities
Schedule of Held-to-Maturity Securities [Line Items]
Investment securities held-to-maturity, Amortized Cost	30,585,000	32,457,000
Investment securities held -to-maturity, Gross Unrealized Gain	391,000	58,000
Investment securities held -to-maturity, Gross Unrealized Losses	(64,000)	(394,000)
Investment securities held-to-maturity estimated fair value	30,912,000	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 ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale Less Than 12 Months Fair Value		$ 5,557
Investment securities available-for-sale Less Than 12 Months Unrealized Loss		(214)
Investment securities available-for-sale 12 Months or More Fair Value	$ 45,834	40,427
Investment securities available-for-sale 12 Months or More Unrealized Loss	(6,410)	(8,294)
Investment securities available-for-sale Total Fair Value	45,834	45,984
Investment securities available-for-sale Total Unrealized Loss	(6,410)	(8,508)
U.S. Treasury Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	4,698	4,498
Investment securities available-for-sale 12 Months or More Unrealized Loss	(479)	(649)
Investment securities available-for-sale Total Fair Value	4,698	4,498
Investment securities available-for-sale Total Unrealized Loss	(479)	(649)
Municipal Securities - Tax Exempt
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	454	442
Investment securities available-for-sale 12 Months or More Unrealized Loss	(68)	(85)
Investment securities available-for-sale Total Fair Value	454	442
Investment securities available-for-sale Total Unrealized Loss	(68)	(85)
Municipal Securities - Taxable
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	2,243	2,135
Investment securities available-for-sale 12 Months or More Unrealized Loss	(287)	(395)
Investment securities available-for-sale Total Fair Value	2,243	2,135
Investment securities available-for-sale Total Unrealized Loss	(287)	(395)
U.S. Government Sponsored Enterprises
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	9,199	8,630
Investment securities available-for-sale 12 Months or More Unrealized Loss	(2,638)	(3,207)
Investment securities available-for-sale Total Fair Value	9,199	8,630
Investment securities available-for-sale Total Unrealized Loss	(2,638)	(3,207)
Government Agency Mortgage-Backed Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale 12 Months or More Fair Value	15,034	15,948
Investment securities available-for-sale 12 Months or More Unrealized Loss	(2,156)	(2,695)
Investment securities available-for-sale Total Fair Value	15,034	15,948
Investment securities available-for-sale Total Unrealized Loss	(2,156)	(2,695)
Corporate Securities
Debt Securities, Available-for-Sale [Line Items]
Investment securities available-for-sale Less Than 12 Months Fair Value		5,557
Investment securities available-for-sale Less Than 12 Months Unrealized Loss		(214)
Investment securities available-for-sale 12 Months or More Fair Value	14,206	8,774
Investment securities available-for-sale 12 Months or More Unrealized Loss	(782)	(1,263)
Investment securities available-for-sale Total Fair Value	14,206	14,331
Investment securities available-for-sale Total Unrealized Loss	$ (782)	$ (1,477)

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	Sep. 30, 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	$ 11,966
Investment securities available-for-sale, Greater than 5 to 10 years, Amortized Cost	15,264
Investment securities available-for-sale, Greater than 10 years, Amortized Cost	10,337
Investment securities available-for-sale, Amortized Cost	54,757	$ 57,039
Investment securities available-for-sale, Greater than 1 to 5 years, Estimated Fair Value	11,737
Investment securities available-for-sale, Greater than 5 to 10 years, Estimated Fair Value	13,667
Investment securities available-for-sale, Greater than10 years, Estimated Fair Value	7,962
Investment securities available-for-sale, Estimated Fair Value	48,400	48,561
Investment securities held to maturity, Within 1 year, Amortized Cost	1,950
Investment securities held to maturity, Greater than 1 to 5 years, Amortized Cost	13,857
Investment securities held to maturity, Greater than 5 to 10 years, Amortized Cost	15,778
Investment securities held to maturity, Amortized Cost	32,318
Investment securities held to maturity, Within 1 year, Estimated Fair Value	1,955
Investment securities held to maturity, Greater than 1 to 5 years, Estimated Fair Value	13,949
Investment securities held to maturity, Greater than 5 to 10 years, Estimated Fair Value	16,008
Investment securities held to maturity, Estimated Fair Value	32,571
Debt Securities excluding Mortgage Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	37,567
Investment securities available-for-sale, Estimated Fair Value	33,366
Investment securities held to maturity, Amortized Cost	31,585
Investment securities held to maturity, Estimated Fair Value	31,912
Government Agency Mortgage-Backed Securities
Schedule Of Available For Sale Securities [Line Items]
Investment securities available-for-sale, Amortized Cost	17,190	18,643
Investment securities available-for-sale, Estimated Fair Value	15,034	$ 15,948
Investment securities held to maturity, Amortized Cost	733
Investment securities held to maturity, Estimated Fair Value	$ 659

Investment Securities - Additio

Investment Securities - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Security	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Security	Sep. 30, 2023 USD ($)	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 12 months or greater | Security	67		67
Debt securities, available-for-sale, continuous unrealized loss position, less than 12 months, accumulated loss | $					$ 214,000
Debt securities, available-for-sale, continuous unrealized loss position, 12 months or longer, accumulated loss | $	$ 6,410,000		$ 6,410,000		8,294,000
Sales of available-for-sale securities | $	0	$ 0	0	$ 0
Carrying value of available-for-sale securities pledged to secure public deposits | $	48,400,000		48,400,000		48,561,000
Investment securities held-to-maturity estimated allowance for credit losses | $	45,000		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 | $	$ 3,500,000		$ 3,500,000		$ 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 | Security	4		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 | Security	5		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 | Security	38		38
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 | Security	4		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 | Security	16		16

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Summary of Major Classifications of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 697,572		$ 659,876
Less allowance for credit losses	(8,398)	$ (8,461)	(8,921)	$ (9,211)	$ (9,252)	$ (9,325)
Net loans	689,174		650,955
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	158,189		157,691
Less allowance for credit losses	(1,313)	(1,309)	(1,397)	(1,411)	(1,492)	(2,403)
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	158,250		145,100
Less allowance for credit losses	(1,371)	(1,319)	(1,298)	(1,260)	(1,331)	(2,079)
Commercial and Industrial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	146,863		140,407
Construction, Land and Acquisition & Development
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	63,717		47,685
Less allowance for credit losses	(1,215)	(1,176)	(927)	(1,034)	(1,010)	(487)
Residential Mortgage 1-4 Family
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	52,684		53,650
Consumer Installment
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	117,869		115,343
Less allowance for credit losses	$ (1,580)	$ (1,550)	$ (1,534)	$ (2,290)	$ (2,321)	$ (1,675)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($) Loan	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Financing Receivable Recorded Investment Past Due [Line Items]
Accrued interest on loans	$ 2,400,000		$ 2,400,000			$ 2,100,000
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets			Other Assets
Provision for credit losses for held-to-maturity securities	$ 0	$ 10,000	$ 0	$ 10,000
Provision for credit losses, net	0	0	0	0
Allowance for unfunded commitments	$ 8,398,000	$ 9,211,000	$ 8,398,000	$ 9,211,000	$ 8,461,000	$ 8,921,000	$ 9,252,000	$ 9,325,000
Troubled debt restructurings, number of contracts | Loan	1	0	1	0
Collateral-dependent loans without an allowance	$ 2,000,000	$ 4,300,000	$ 2,000,000	$ 4,300,000
Collateral dependent loans with an allowance	0		0			0
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Provision for credit losses	4,000	(81,000)	(84,000)	(996,000)
Allowance for unfunded commitments	1,313,000	$ 1,411,000	1,313,000	$ 1,411,000	$ 1,309,000	1,397,000	$ 1,492,000	$ 2,403,000
Financing receivable, loan modification	2,000,000		2,000,000
Financing receivable, loan modification with fixed payments	$ 5,000		$ 5,000
Residential mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Troubled debt restructurings that have subsequently defaulted, number of contracts | Loan	0	0	0	0
Unfunded Commmitments
Financing Receivable Recorded Investment Past Due [Line Items]
Allowance for unfunded commitments	$ 744,000		$ 744,000			$ 531,000
ASU 2016-13 | Unfunded Commmitments
Financing Receivable Recorded Investment Past Due [Line Items]
Provision for credit losses	$ 213,000	$ 0	$ 213,000	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	$ 8,461	$ 9,252	$ 8,921	$ 9,325
Charge-offs	(75)	(64)	(587)	(219)
Recoveries	12	23	64	105
Ending balance	8,398	9,211	8,398	9,211
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,309	1,492	1,397	2,403
Provision	4	(81)	(84)	(996)
Charge-offs				(4)
Recoveries				8
Ending balance	1,313	1,411	1,313	1,411
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,319	1,331	1,298	2,079
Provision	52	(71)	238	(819)
Charge-offs			(165)
Ending balance	1,371	1,260	1,371	1,260
Commercial and Industrial
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,707	1,116	1,806	2,292
Provision	24	(196)	(75)	(1,369)
Charge-offs				(3)
Recoveries		1		1
Ending balance	1,731	921	1,731	921
Construction, Land and Acquisition & Development
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,176	1,010	927	487
Provision	39	24	288	547
Ending balance	1,215	1,034	1,215	1,034
Residential Mortgage
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,106	1,475	1,038	345
Provision	(38)	89	80	1,183
Charge-offs			(50)
Recoveries		13		49
Ending balance	1,068	1,577	1,068	1,577
Consumer Installment
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	1,550	2,321	1,534	1,675
Provision	93	24	354	780
Charge-offs	(75)	(64)	(372)	(212)
Recoveries	12	9	64	47
Ending balance	1,580	2,290	1,580	2,290
Unallocated
Financing Receivable Allowance For Credit Losses [Line Items]
Beginning balance	294	507	921	44
Provision	(174)	211	(801)	674
Ending balance	$ 120	$ 718	$ 120	$ 718

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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 697,572	$ 659,876
Nonaccrual without Allowance	4,871	7,426
30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	479	2,780
Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	479	2,780
Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	692,222	649,670
Commercial (Secured by Real Estate - Owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	158,189	157,691
Nonaccrual without Allowance	2,006
Commercial (Secured by Real Estate - Owner Occupied) | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	156,183	157,691
Commercial (Secured by Real Estate - Non-owner Occupied)
Financing Receivable Recorded Investment Past Due [Line Items]
Total	158,250	145,100
Nonaccrual without Allowance	158	4,505
Commercial (Secured by Real Estate - Non-owner Occupied) | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	158,092	140,595
Commercial and Industrial
Financing Receivable Recorded Investment Past Due [Line Items]
Total	146,863	140,407
Commercial and Industrial | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	146,863	140,407
Construction, Land and Acquisition & Development
Financing Receivable Recorded Investment Past Due [Line Items]
Total	63,717	47,685
Nonaccrual without Allowance	18
Construction, Land and Acquisition & Development | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	0
Construction, Land and Acquisition & Development | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	0
Construction, Land and Acquisition & Development | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	63,699	47,685
Residential Mortgage
Financing Receivable Recorded Investment Past Due [Line Items]
Total	52,684	53,650
Nonaccrual without Allowance	2,437	2,504
Residential Mortgage | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	55	2,534
Residential Mortgage | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	55	2,534
Residential Mortgage | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	50,192	48,612
Consumer Installment
Financing Receivable Recorded Investment Past Due [Line Items]
Total	117,869	115,343
Nonaccrual without Allowance	252	417
Consumer Installment | 30 -59 Days Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	424	246
Consumer Installment | Total Past Due
Financing Receivable Recorded Investment Past Due [Line Items]
Total	424	246
Consumer Installment | Current
Financing Receivable Recorded Investment Past Due [Line Items]
Total	$ 117,193	$ 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	Sep. 30, 2024	Dec. 31, 2023
Composition Of Loan Portfolio [Line Items]
Current fiscal year	$ 134,837	$ 136,148
Fiscal year before current fiscal year	117,490	152,956
Two years before current fiscal year	131,993	111,619
Three years before current fiscal year	97,711	49,218
Four years before current fiscal year	44,620	41,714
Prior	151,374	127,669
Revolvers	19,547	40,552
Total	697,572	659,876
Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	134,836	136,025
Fiscal year before current fiscal year	117,405	152,359
Two years before current fiscal year	131,683	107,755
Three years before current fiscal year	93,974	49,058
Four years before current fiscal year	44,477	41,558
Prior	145,780	119,774
Revolvers	19,547	40,552
Total	687,702	647,081
Special Mention
Composition Of Loan Portfolio [Line Items]
Current fiscal year	1	73
Fiscal year before current fiscal year	49	190
Two years before current fiscal year	42	3,638
Three years before current fiscal year	3,512	21
Four years before current fiscal year	22	31
Prior	1,061	1,094
Total	4,687	5,047
Substandard
Composition Of Loan Portfolio [Line Items]
Current fiscal year		50
Fiscal year before current fiscal year	36	407
Two years before current fiscal year	268	226
Three years before current fiscal year	225	139
Four years before current fiscal year	121	125
Prior	4,533	6,801
Revolvers	0
Total	5,183	7,748
Current Period Gross Charge Offs
Composition Of Loan Portfolio [Line Items]
Current fiscal year		9
Fiscal year before current fiscal year	47	159
Two years before current fiscal year	264	125
Three years before current fiscal year	61	14
Prior	215	207
Total	587	514
Commercial (Secured by Real Estate - Owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	158,189	157,691
Commercial (Secured by Real Estate - Owner Occupied) | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	12,289	11,210
Fiscal year before current fiscal year	14,234	23,441
Two years before current fiscal year	25,756	29,832
Three years before current fiscal year	21,471	22,982
Four years before current fiscal year	21,158	11,287
Prior	57,929	49,744
Revolvers	3,037	8,863
Total	155,874	157,359
Commercial (Secured by Real Estate - Owner Occupied) | Special Mention
Composition Of Loan Portfolio [Line Items]
Prior	309	332
Total	309	332
Commercial (Secured by Real Estate - Owner Occupied) | Substandard
Composition Of Loan Portfolio [Line Items]
Prior	2,006
Total	2,006
Commercial (Secured by Real Estate - Non-owner Occupied)
Composition Of Loan Portfolio [Line Items]
Total	158,250	145,100
Commercial (Secured by Real Estate - Non-owner Occupied) | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	29,698	32,830
Fiscal year before current fiscal year	24,331	37,395
Two years before current fiscal year	39,840	25,702
Three years before current fiscal year	27,698	4,436
Four years before current fiscal year	4,776	10,015
Prior	24,990	15,546
Revolvers	2,722	10,562
Total	154,055	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	3,474
Prior	536	540
Total	4,010	4,079
Commercial (Secured by Real Estate - Non-owner Occupied) | Substandard
Composition Of Loan Portfolio [Line Items]
Prior	185	4,535
Total	185	4,535
Commercial (Secured by Real Estate - Non-owner Occupied) | Current Period Gross Charge Offs
Composition Of Loan Portfolio [Line Items]
Prior	165	204
Total	165	204
Commercial and Industrial
Composition Of Loan Portfolio [Line Items]
Total	146,863	140,407
Commercial and Industrial | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	21,515	22,473
Fiscal year before current fiscal year	20,841	21,590
Two years before current fiscal year	19,076	27,252
Three years before current fiscal year	27,407	14,764
Four years before current fiscal year	14,368	16,697
Prior	36,039	25,317
Revolvers	7,617	12,314
Total	146,863	140,407
Commercial and Industrial | Current Period Gross Charge Offs
Composition Of Loan Portfolio [Line Items]
Prior		3
Total		3
Construction, Land and Acquisition & Development
Composition Of Loan Portfolio [Line Items]
Total	63,717	47,685
Construction, Land and Acquisition & Development | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	30,612	21,557
Fiscal year before current fiscal year	20,539	17,392
Two years before current fiscal year	8,064	5,034
Three years before current fiscal year	3,951	721
Four years before current fiscal year	103	216
Prior	382	210
Revolvers	48	2,534
Total	63,699	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	18
Total	18	21
Residential Mortgage
Composition Of Loan Portfolio [Line Items]
Total	52,684	53,650
Residential Mortgage | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	3,064	5,354
Fiscal year before current fiscal year	6,157	5,672
Two years before current fiscal year	5,659	2,447
Three years before current fiscal year	2,202	1,289
Four years before current fiscal year	1,529	1,424
Prior	25,561	28,710
Revolvers	5,575	5,736
Total	49,747	50,632
Residential Mortgage | Special Mention
Composition Of Loan Portfolio [Line Items]
Prior	216	222
Total	216	222
Residential Mortgage | Substandard
Composition Of Loan Portfolio [Line Items]
Fiscal year before current fiscal year		202
Two years before current fiscal year	187	108
Three years before current fiscal year	98	107
Four years before current fiscal year	99	113
Prior	2,337	2,266
Revolvers	0
Total	2,721	2,796
Residential Mortgage | Current Period Gross Charge Offs
Composition Of Loan Portfolio [Line Items]
Two years before current fiscal year	5
Prior	45
Total	50
Consumer Installment
Composition Of Loan Portfolio [Line Items]
Total	117,869	115,343
Consumer Installment | Pass
Composition Of Loan Portfolio [Line Items]
Current fiscal year	37,658	42,601
Fiscal year before current fiscal year	31,303	46,869
Two years before current fiscal year	33,288	17,488
Three years before current fiscal year	11,245	4,866
Four years before current fiscal year	2,543	1,919
Prior	879	247
Revolvers	548	543
Total	117,464	114,533
Consumer Installment | Special Mention
Composition Of Loan Portfolio [Line Items]
Current fiscal year	1	73
Fiscal year before current fiscal year	49	190
Two years before current fiscal year	42	99
Three years before current fiscal year	38	21
Four years before current fiscal year	22	31
Prior	0
Total	152	414
Consumer Installment | Substandard
Composition Of Loan Portfolio [Line Items]
Current fiscal year		50
Fiscal year before current fiscal year	36	205
Two years before current fiscal year	81	118
Three years before current fiscal year	127	11
Four years before current fiscal year	4	12
Prior	5
Total	253	396
Consumer Installment | Current Period Gross Charge Offs
Composition Of Loan Portfolio [Line Items]
Current fiscal year		9
Fiscal year before current fiscal year	47	159
Two years before current fiscal year	259	125
Three years before current fiscal year	61	14
Prior	5
Total	$ 372	$ 307

Intangible Assets - Additional

Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible asset gross carrying amount	$ 1,900,000		$ 1,900,000		$ 1,900,000
Accumulated amortization	908,000		908,000		$ 765,000
Aggregate amortization expense	47,000	$ 47,000	143,000	$ 143,000
Goodwill acquired acquisition	$ 17,200,000	$ 17,200,000	17,200,000	17,200,000
Impairment loss			$ 0	$ 0

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Deposits [Abstract]
Time certificates of deposit in denomination of $250,000 or more	$ 30,800,000	$ 31,200,000
Cash, FDIC insured amount	250,000
Brokered certificate of deposit	$ 107,300,000	$ 107,300,000
Brokered certificate of deposit, weighted average rate	4.65%	4.87%
Brokered certificate of deposit, weighted average maturity	22 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	9 Months Ended
	Sep. 30, 2024 USD ($)
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB	$ 54,000,000
January 06, 2026
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jan. 06, 2023
Advances from FHLB	$ 10,000,000
Advances from FHLB, Interest Rate	4.22%
Advances from FHLB, Maturity	Jan. 06, 2026
Advances from FHLB, Rate	Fixed
Advances from FHLB, Call Feature	N/A
January 06, 2028
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jan. 06, 2023
Advances from FHLB	$ 10,000,000
Advances from FHLB, Interest Rate	3.94%
Advances from FHLB, Maturity	Jan. 06, 2028
Advances from FHLB, Rate	Fixed
Advances from FHLB, Call Feature	N/A
October 25, 2028
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Oct. 25, 2023
Advances from FHLB	$ 10,000,000
Advances from FHLB, Interest Rate	3.99%
Advances from FHLB, Maturity	Oct. 25, 2028
Advances from FHLB, Rate	Convertible
Advances from FHLB, Call Feature	10/25/2024
December 31, 2024
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jun. 14, 2024
Advances from FHLB	$ 10,000,000
Advances from FHLB, Interest Rate	5.45%
Advances from FHLB, Maturity	Dec. 13, 2024
Advances from FHLB, Rate	Fixed
Advances from FHLB, Call Feature	N/A
July 11, 2029
Federal Home Loan Bank Advances [Line Items]
Advances from FHLB, Advance Date	Jul. 11, 2024
Advances from FHLB	$ 14,000,000
Advances from FHLB, Interest Rate	3.50%
Advances from FHLB, Maturity	Jul. 11, 2029
Advances from FHLB, Rate	Convertible
Advances from FHLB, Call Feature	1/11/2025

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	Sep. 30, 2024	Dec. 31, 2023
Line Of Credit Facility [Line Items]
Advances from FHLB collateralized by certain loans	$ 421,900,000	$ 392,600,000
Investment in FHLB stock	3,200,000	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	96,700,000	96,100,000
Line of credit	73,300,000	67,400,000
Bank Term Funding Program
Line Of Credit Facility [Line Items]
Line of credit amount outstanding	4,800,000	$ 0
Unsecured Federal Funds
Line Of Credit Facility [Line Items]
Line of credit amount outstanding	0
Line of credit	$ 32,500,000

Borrowings - Schedule of Advanc

Borrowings - Schedule of Advances Under Bank Term Advances (Details) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Advance	$ 12,500,000	$ 12,500,000
Bank Term Funding Program
Line of Credit Facility [Line Items]
Advance	$ 4,800,000	$ 0
Bank Term Funding Program | January 17, 2025
Line of Credit Facility [Line Items]
Advance Date	Jan. 17, 2024
Advance	$ 4,815,000
Interest Rate	4.85%
Maturity	Jan. 17, 2025
Rate	Fixed

Employee Stock Ownership Plan -

Employee Stock Ownership Plan - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 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		$ 5,100,000	$ 3,000,000	$ 3,000,000
Shares purchased by ESOP						225,721	295,499
ESOP expense	$ 111,000	$ 74,000	$ 293,000	$ 219,000
ESOP released shares	101,000		101,000		101,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	May 31, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense		$ 217,000	$ 258,000	$ 887,000	$ 782,000
Unrecognized compensation cost related to equity award grants		2,800,000		$ 2,800,000
Unrecognized compensation cost expected remaining vesting period				1 year 9 months 25 days
Shares surrendered to satisfy applicable tax withholding requirements		$ 90,000,000	$ 28,000,000	$ 90,000,000	$ 46,000,000
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 | Employee Stock Option | 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	6 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Sep. 30, 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	640,766	640,766
Option Shares Outstanding, Outstanding - Ending Balance	640,766	640,766	640,766	640,766
Option Shares Outstanding, Exercisable			336,895
Weighted Average Exercise Price, Outstanding - Beginning Balance	$ 12.58	$ 12.58	$ 12.58
Weighted Average Exercise Price, Outstanding - Ending Balance	$ 12.58	$ 12.58	12.58	$ 12.58
Weighted Average Exercise Price, Exercisable			$ 11.3
Weighted Average Remaining Life (Years), Outstanding	7 years 6 months 3 days	7 years 3 months 3 days	7 years	7 years 9 months
Weighted Average Remaining Life (Years), Exercisable			5 years 11 months 19 days
Aggregate Intrinsic Value (in thousands), Outstanding	$ 2,476	$ 3,517	$ 5,596	$ 1,419
Aggregate Intrinsic Value (in thousands), Exercisable			$ 3,372

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Activity (Details) - Restricted Stock - $ / shares	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted Shares Outstanding, Outstanding - Beginning Balance	135,950	163,124	166,591
Restricted Shares Outstanding, Vested	(20,867)	(27,174)	(3,467)
Restricted Shares Outstanding, Outstanding - Ending Balance	115,083	135,950	163,124
Weighted Average Grant Date Fair Value, Outstanding - Beginning Balance	$ 14.06	$ 13.44	$ 13.46
Weighted Average Grant Date Fair Value, Outstanding - Ending Balance	$ 13.92	$ 14.06	$ 13.44

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Restricted Stock Activity (Parenthetical) (Details) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Surrendered shares	4,198	4,198

Fair Value Measurements and D_3

Fair Value Measurements and Disclosures - Additional Information (Details) - USD ($) $ in Thousands	Sep. 30, 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	$ 48,400	$ 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	$ 48,400	$ 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	Sep. 30, 2024	Dec. 31, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other real estate owned	$ 0	$ 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
Collateral dependent loans	2,000	1,440
Total assets at fair value	2,000	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
Collateral dependent loans	2,000	1,440
Total assets at fair value	$ 2,000	$ 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	Sep. 30, 2024	Dec. 31, 2023
Financial assets:
Investment securities available-for-sale	$ 48,400	$ 48,561
Investment securities held-to-maturity	32,571	33,835
Carrying Amount | Level 1
Financial assets:
Cash and cash equivalents	52,299	50,025
Carrying Amount | Level 2
Financial assets:
Investment securities available-for-sale	48,400	48,561
Investment securities held-to-maturity	32,273	34,206
Financial liabilities:
Deposits	683,770	674,443
Carrying Amount | Level 3
Financial assets:
Other investments	6,167	5,434
Loans, net	689,174	650,955
Financial liabilities:
FHLB advances and other borrowings	58,815	40,000
Estimated Fair Value | Level 1
Financial assets:
Cash and cash equivalents	52,299	50,025
Estimated Fair Value | Level 2
Financial assets:
Investment securities available-for-sale	48,400	48,561
Investment securities held-to-maturity	32,571	33,835
Financial liabilities:
Deposits	684,865	673,854
Estimated Fair Value | Level 3
Financial assets:
Other investments	6,167	5,434
Loans, net	685,123	635,957
Financial liabilities:
FHLB advances and other borrowings	$ 58,271	$ 39,830