First National (FXNC) 10-K 30 Mar 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 17, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000719402
Entity Registrant Name	FIRST NATIONAL CORP /VA/
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	1-38874
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1232965
Entity Address, Address Line One	112 West King Street
Entity Address, City or Town	Strasburg
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22657
City Area Code	540
Local Phone Number	465-9121
Title of 12(b) Security	Common stock, par value $1.25 per share
Trading Symbol	FXNC
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 95,329,016
Entity Common Stock, Shares Outstanding		6,281,935
Auditor Name	Yount, Hyde & Barbour, P.C
Auditor Firm ID	613
Auditor Location	Winchester, Virginia

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 20,784	$ 18,725
Interest-bearing deposits in banks	46,130	157,281
Securities available for sale, at fair value	162,907	289,495
Securities held to maturity, at amortized cost (fair value, 2022, $141,797; 2021, $33,617)	153,158	33,441
Restricted securities, at cost	1,908	1,813
Loans, net of allowance for loan losses, 2022, $7,446, 2021, $5,710	913,077	819,408
Other real estate owned, net of valuation allowance, 2022, $13, 2021, $139	184	1,848
Premises and equipment, net	21,876	22,403
Accrued interest receivable	4,543	3,903
Bank owned life insurance	24,531	24,294
Core deposit intangibles, net	136	154
Goodwill	3,030	3,030
Other assets	17,119	13,642
Total assets	1,369,383	1,389,437
Liabilities
Noninterest-bearing demand deposits	427,344	413,188
Savings and interest-bearing demand deposits	677,139	689,998
Time deposits	136,849	145,566
Total deposits	1,241,332	1,248,752
Subordinated debt	4,995	9,993
Junior subordinated debt	9,279	9,279
Accrued interest payable and other liabilities	5,417	4,374
Total liabilities	1,261,023	1,272,398
Commitments and contingencies
Shareholders’ Equity
Preferred stock, par value $1.25 per share; authorized 1,000,000 shares; none issued and outstanding	0	0
Common stock, par value $1.25 per share; authorized 8,000,000 shares; issued and outstanding, 2022, 6,264,912 shares, 2021, 6,228,176 shares	7,831	7,785
Surplus	32,716	31,966
Retained earnings	90,284	76,990
Accumulated other comprehensive (loss) income, net	(22,471)	298
Total shareholders’ equity	108,360	117,039
Total liabilities and shareholders’ equity	$ 1,369,383	$ 1,389,437

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Securities, fair value	$ 141,797	$ 33,617
Allowance for loan losses	7,446	5,710
Other real estate owned, valuation allowance	$ 13	$ 139
Preferred stock, par value (in dollars per share)	$ 1.25	$ 1.25
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 1.25	$ 1.25
Common stock, shares authorized (in shares)	8,000,000	8,000,000
Common stock, shares issued (in shares)	6,264,912	6,228,176
Common stock, shares outstanding (in shares)	6,264,912	6,228,176

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest and Dividend Income
Interest and fees on loans	$ 41,720	$ 32,797
Interest on deposits in banks	1,223	213
Interest on federal funds sold	0	10
Interest and dividends on securities:
Taxable interest	5,131	3,100
Tax-exempt interest	1,229	936
Dividends	92	88
Total interest and dividend income	49,395	37,144
Interest Expense
Interest on deposits	3,273	1,415
Interest on subordinated debt	277	619
Interest on junior subordinated debt	270	270
Total interest expense	3,820	2,304
Net interest income	45,575	34,840
Provision for (recovery of) loan losses	1,850	(650)
Net interest income after provision for (recovery of) loan losses	43,725	35,490
Noninterest Income
Noninterest income	10,069	9,019
Income from bank owned life insurance	597	526
Net (losses) gains on securities available for sale	(2,004)	37
Net gains on sale of loans	0	25
Net (losses) gains on disposal of premises and equipment	(29)	15
Gain on sale of other investment	2,885	0
Other operating income	1,103	555
Total noninterest income	12,621	10,187
Noninterest Expense
Salaries and employee benefits	20,709	17,792
Occupancy	2,218	1,856
Equipment	2,300	1,910
Marketing	813	666
Supplies	528	509
Legal and professional fees	1,414	2,537
ATM and check card expenses	1,370	1,145
FDIC assessment	463	346
Bank franchise tax	930	665
Data processing expense	989	2,156
Amortization expense	19	28
Other real estate (gain) loss and expense, net	(106)	26
Other operating expense	3,950	3,096
Total noninterest expense	35,597	32,732
Income before income taxes	20,749	12,945
Income tax expense	3,952	2,586
Net income	$ 16,797	$ 10,359
Earnings per common share
Basic (in dollars per share)	$ 2.69	$ 1.87
Diluted (in dollars per share)	$ 2.68	$ 1.86
Deposit Account [Member]
Noninterest Income
Noninterest income	$ 2,677	$ 2,061
Credit and Debit Card [Member]
Noninterest Income
Noninterest income	3,300	2,930
Asset Management [Member]
Noninterest Income
Noninterest income	3,008	2,712
Financial Service, Other [Member]
Noninterest Income
Noninterest income	839	787
Mortgage Banking [Member]
Noninterest Income
Noninterest income	$ 245	$ 539

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 16,797	$ 10,359
Other comprehensive loss, net of tax:
Unrealized holding (losses) on available for sale securities, net of tax ($5,327) and ($923), respectively	(20,033)	(3,474)
Unrealized holding losses on securities transferred from available for sale to held to maturity, net of tax ($1,638). There were no securities transferred for the year ended December 31, 2021	(6,160)	0
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity, net of tax of $125 for the year ended December 31, 2022.	468	0
Reclassification adjustment for losses (gains) included in net income, net of tax $421 and ($8), respectively	1,583	(29)
Change in fair value of cash flow hedges, net of tax $365 and $107, respectively	1,373	403
Total other comprehensive loss	(22,769)	(3,100)
Total comprehensive (loss) income	$ (5,972)	$ 7,259

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive (Loss) Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Unrealized holding losses on securities transferred from held to maturity to available for sale, tax	$ (5,327)	$ (923)
Unrealized holding losses on securities transferred from held to maturity, tax	(1,638)	0
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity, tax	125
Reclassification adjustment for losses included in net income, tax	421	(8)
Change in fair value of cash flow hedges, tax	$ 365	$ 107

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flows from Operating Activities
Net income	$ 16,797	$ 10,359
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	1,495	1,377
Amortization of core deposit intangibles	18	28
Amortization of debt issuance costs	2	2
Origination of loans held for sale	0	(1,586)
Proceeds from sale of loans held for sale	0	1,856
Net gains on sales of loans held for sale	0	(25)
Provision for (recovery of) loan losses	1,850	(650)
Fair value adjustments on other real estate owned	13	139
Losses (gains) on securities available for sale	2,004	(37)
Net gains on sale of other real estate owned	(176)	(8)
Increase in cash value of bank owned life insurance	(597)	(526)
Accretion of discounts and amortization of premiums on securities, net	1,152	1,078
Accretion of premium on time deposits	(187)	(179)
Accretion of certain acquisition-related discounts, net	(1,130)	(408)
Stock-based compensation	785	354
Excess tax benefits on stock-based compensation	3	3
Losses (gains) on disposal of premises and equipment	29	(15)
Deferred income tax benefit	(241)	(1,682)
Changes in assets and liabilities:
(Increase) decrease in interest receivable	(640)	545
Decrease (increase) in other assets	4,918	(1,714)
Increase (decrease) in accrued interest payable and other liabilities	677	(1,043)
Net cash provided by operating activities	26,772	7,868
Cash Flows from Investing Activities
Proceeds from maturities, calls, principal payments, and sales of securities available for sale	39,100	54,551
Proceeds from maturities, calls, and principal payments of securities held to maturity	9,239	4,732
Purchases of securities available for sale	(21,147)	(197,074)
Purchases of securities held to maturity	(54,038)	(24,049)
Net (purchase) redemption of restricted securities	(95)	245
Purchase of premises and equipment, net	(1,181)	(835)
Proceeds from sale of premises and equipment	0	32
Proceeds from sale of other real estate owned	2,011	288
Proceeds from cash value of bank owned life insurance	360	0
Net (increase) decrease in loans	(94,389)	80,145
Net cash used in investing activities	(120,140)	(126,304)
Cash Flows from Financing Activities
Net increase in demand deposits and savings accounts	1,297	176,387
Net decrease in time deposits	(8,530)	(6,698)
Repayment of subordinated debt	(5,000)	0
Cash dividends paid on common stock, net of reinvestment	(3,308)	(2,505)
Repurchase of common stock	0	0
Repurchase of common stock, stock repurchase plan	0	0
Net cash (used in) provided by financing activities	(15,724)	167,145
(Decrease) increase in cash and cash equivalents	(109,092)	48,709
Cash and Cash Equivalents
Beginning	176,006	127,297
Ending	66,914	176,006
Supplemental Disclosures of Cash Flow Information
Interest	3,996	2,464
Income taxes	3,365	2,025
Unrealized (losses) on securities available for sale	(23,356)	(4,434)
Unrealized losses on securities transferred from available for sale to held to maturity	(7,205)	0
Fair value of securities transferred from available for sale to held to maturity	74,416	0
Change in fair value of cash flow hedges	1,738	510
Transfer from premises and equipment to other real estate owned, net	(184)	0
Lease liabilities arising from obtaining right-of-use assets during the period	491	0
Transfer from loans to other real estate owned	0	130
Issuance of common stock, dividend reinvestment plan	194	156
Supplemental Disclosures of Noncash Transactions Related to Acquisitions
Assets acquired	0	306,171
Liabilities assumed	0	237,913
Smartbank [Member]
Cash Flows from Investing Activities
Net cash paid in acquisition	0	(83,745)
The Bank of Fincastle [Member]
Cash Flows from Investing Activities
Net cash paid in acquisition	0	39,406
First National Corporation 2014 Stock Incentive Plan [Member]
Cash Flows from Financing Activities
Repurchase of common stock	(183)	(39)
Repurchase of common stock, stock repurchase plan	$ 183	$ 39

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Dec. 31, 2020	$ 6,075	$ 6,151	$ 69,292	$ 3,398	$ 84,916
Net income	0	0	10,359	0	10,359
Other comprehensive (loss)	0	0	0	(3,100)	(3,100)
Cash dividends on common stock	0	0	(2,661)	0	(2,661)
Shares issued to shareholders of The Bank of Fincastle, net of costs (1,348,065 shares)	1,685	25,369	0	0	27,054
Stock-based compensation	0	354	0	0	354
Issuance of common stock, dividend reinvestment plan	9	147	0	0	156
Issuance of 14,073 shares common stock, stock incentive plan	18	(18)	0	0	0
Repurchase of 2,221 shares of common stock, stock incentive plan	(2)	(37)	0	0	(39)
Balance at Dec. 31, 2021	7,785	31,966	76,990	298	117,039
Net income	0	0	16,797	0	16,797
Other comprehensive (loss)	0	0	0	(22,769)	(22,769)
Cash dividends on common stock	0	0	(3,503)	0	(3,503)
Stock-based compensation	0	785	0	0	785
Issuance of common stock, dividend reinvestment plan	13	181	0	0	194
Issuance of 14,073 shares common stock, stock incentive plan	43	(43)	0	0	0
Repurchase of 2,221 shares of common stock, stock incentive plan	(10)	(173)	0	0	(183)
Balance at Dec. 31, 2022	$ 7,831	$ 32,716	$ 90,284	$ (22,471)	$ 108,360

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retained Earnings [Member]
Cash dividends on common stock, per share (in dollars per share)	$ 0.56	$ 0.48
Common Stock [Member]
Issuance of common stock, dividend reinvestment plan, shares (in shares)	10,384	7,861
Shares issued, acquisition (in shares)		1,348,065
Issuance of common stock, dividend reinvestment plan, shares (in shares)	10,384	7,861
Issuance of common stock, stock incentive plan, shares (in shares)	34,634	14,073
Repurchase of common stock shares (in shares)	8,283	2,221

Note 1 - Nature of Banking Acti

Note 1 - Nature of Banking Activities and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. First National Corporation (the Company) is the bank holding company of First Bank (the Bank). The Company also owns First National (VA) Statutory Trust II (Trust II), and First National (VA) Statutory Trust III (Trust III and, together with Trust II, the Trusts). The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not tes. First Bank also owns Bank of Fincastle Services, Inc. which owns an entity that provides mortgage services. T The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America and to accepted practices within the banking industry. Principles of Consolidation The consolidated financial statements of First National Corporation include the accounts of all six Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to the allowance for loan losses, loans acquired in a business combination, and goodwill. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the Shenandoah Valley, central regions of Virginia, and the Richmond and Roanoke market areas. The types of lending that the Company engages in are included in Note 3. not one Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company has defined cash equivalents as those amounts included in the balance sheet captions “Cash and due from banks” and “Interest-bearing deposits in banks.” Securities Investments in debt securities with readily determinable fair values are classified as either held to maturity (HTM), available for sale (AFS), or trading based on management’s intent. Currently, all of the Company’s debt securities are classified as either AFS or HTM. Equity investments in the FHLB, the Federal Reserve Bank of Richmond, and Community Bankers Bank are separately classified as restricted securities and are carried at cost. AFS securities are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), and HTM securities are carried at amortized cost. When an individual AFS security is sold, the Company releases the income tax effects associated with the AFS security from accumulated other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains or losses on the sale of securities are recorded on the trade date using the amortized cost of the specific security sold. Transfers of debt securities into the held to maturity classification from the available for sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of the transfer is reported in accumulated other comprehensive loss and in the carrying value of the held to maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. The net impact to income from the amortization and accretion of the unrealized loss at date of transfer is zero. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either the Company ( 1 2 not not not no no Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on equity securities is recognized in earnings. The Company regularly reviews each security for other-than-temporary impairment based on criteria that include the extent to which cost exceeds market price, the duration of that market decline, the financial health of and specific prospects for the issuer, the best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity, and the likelihood that the Company would be required to sell the security before recovery. Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or estimated fair value. The Company, through its banking subsidiary, requires a firm purchase commitment from a permanent investor before loans held for sale can be closed, thus limiting interest rate risk. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Bank enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 60 not The market value of rate lock commitments and best efforts contracts is not not no Loans The Company, through its banking subsidiary, grants mortgage, commercial, and consumer loans to customers. The Bank segments its loan portfolio into real estate loans, commercial and industrial loans, and consumer and other loans. Real estate loans are further divided into the following classes: Construction and Land Development; 1 4 Real Estate Loans – Construction and Land Development one four Real Estate Loans – 1 4 Family one four first Real Estate Loans – Other Commercial and Industrial Loans: may Consumer and Other Loans A substantial portion of the loan portfolio is represented by residential and commercial loans secured by real estate throughout the Bank's market area. The ability of the Bank’s debtors to honor their contracts may Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances less the allowance for loan losses and any deferred fees or costs on originated loans. Interest income is accrued and credited to income based on the unpaid principal balance. Loan origination fees, net of certain origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest income includes amortization of purchase premiums and discounts, recognized evenly over the life of the loans. A loan’s past due status is based on the contractual due date of the most delinquent payment due. Loans are generally placed on non-accrual status when the collection of principal or interest is 90 90 may first may All interest accrued but not Any unsecured loan that is deemed uncollectible is charged-off in full. Any secured loan that is considered by management to be uncollectible is partially charged-off and carried at the fair value of the collateral less estimated selling costs. This charge-off policy applies to all loan segments. Loans Acquired in a Business Combination Acquired loans are classified as either (i) purchased credit-impaired (PCI) loans or (ii) purchased performing loans and are recorded at fair value on the date of acquisition. PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not third 2021. Purchased performing loans are those for which there is no third 2021 Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value (net of selling costs), and the probability of collecting scheduled principal and interest payments when due. Additionally, management generally evaluates substandard and doubtful loans greater than $250 thousand for impairment. Loans that experience insignificant payment delays and payment shortfalls generally are not not Troubled Debt Restructurings (TDR) In situations where, for economic or legal reasons related to a borrower’s financial condition, management grants a concession to the borrower that it would not no may December 31, 2022 2021 Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management determines that the loan balance is uncollectible. Subsequent recoveries, if any, are credited to the allowance. For further information about the Company’s loans and the allowance for loan losses, see Notes 3 4. The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The Company performs regular credit reviews of the loan portfolio to review credit quality and adherence to underwriting standards. The credit reviews consist of reviews by its internal credit administration department and reviews performed by an independent third one one The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses on existing loans that may may • 1 4 • Real estate construction and land development loans carry risks that the project may not may not may, may may not may • Other real estate loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because repayment of these loans may • Commercial and industrial loans carry risks associated with the successful operation of a business because repayment of these loans may may • Consumer and other loans carry risk associated with the continued creditworthiness of the borrower and the value of the collateral, if any. These loans are typically either unsecured or secured by rapidly depreciating assets such as automobiles. They are also likely to be immediately and adversely affected by job loss, divorce, illness, personal bankruptcy, or other changes in circumstances. Consumer and other loans also include purchased consumer loans which could have been originated outside of the Company's market area. The allowance for loan losses consists of specific and general components. The specific component relates to loans that are classified as impaired, and is established when the discounted cash flows, fair value of collateral less estimated costs to sell, or observable market price of the impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal is ordered if a current one not third may The general component covers loans that are not twelve may Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost, less accumulated depreciation and amortization. Premises and equipment are depreciated over their estimated useful lives ranging from three forty three seven Costs of maintenance and repairs are charged to expense as incurred. Costs of replacing structural parts of major units are considered individually and are expensed or capitalized as the facts dictate. Gains and losses on routine dispositions are reflected in current operations. Other Real Estate Owned Other real estate owned (OREO) consists of properties obtained through a foreclosure proceeding or through an in-substance foreclosure in satisfaction of loans and properties originally acquired for branch operations or expansion but no may Bank-Owned Life Insurance The Company owns insurance on the lives of a certain group of key employees. The policies were purchased to help offset the increase in the costs of various fringe benefit plans, including healthcare. The cash surrender value of these policies is included as an asset on the consolidated balance sheets, and any increase in cash surrender value is recorded as income from bank owned life insurance on the consolidated statements of income. In the event of the death of an insured individual under these policies, the Company receives a death benefit which is also recorded as income from bank owned life insurance. The Company is exposed to credit risk to the extent an insurance company is unable to fulfill its financial obligations under a policy. Goodwill and Other Intangible Assets Goodwill arises from business combinations and is determined as the excess fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not June 30 The Company recorded goodwill as a result of the acquisition of the Bank of Fincastle and SmartBank in 2021. Other intangible assets consist of core deposit intangible assets arising from whole bank and branch acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 6 to 10 years. Derivative Financial Instruments The Company recognizes de 24. Stock Based Compensation Compensation cost is recognized for restricted stock units and other stock awards issued to employees and directors based on the fair value of the awards at the date of grant. The market price of the Company’s common stock at the date of grant is used to estimate the fair value of restricted stock units and other stock awards. Retirement Plans Employee 401 Transfers of Financial Assets Transfers of financial assets, including loan participations, are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not Income Taxes Deferred income tax assets and liabilities are determined using the asset and liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. Deferred taxes are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 no December 31, 2022 2021 Wealth Management Department Securities and other property held by the wealth management department in a fiduciary or agency capacity are not not Earnings Per Common Share Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may 14 Advertising Costs The Company follows the policy of charging the production costs of advertising to expense as incurred. Total advertising expense incurred for 2022 2021 Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and changes in fair values of cash flow hedges, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss). Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not Business Combinations On July 1, 2021, and stock. On September 30, 2021, 25. Recent Accounting Pronouncements In June 2016, No. 2016 13, 326 2016 13 January 1, 2023 The Company is utilizing a third 326, not 2022, third Effective November 25, 2019, 119. 119 326, 1 2 3 4 In March 2020, No. 2020 04, 848 2020 04 March 12, 2020 December 31, 2022. January 2021, No. 2021 01 848 2021 01 848 848 may 2021 01 March 12, 2020, January 7, 2021, may 2021 01 March 12, 2020, March 12, 2020. June 30, 2023. not In December 2022, 2022 06, 848 848”. 2022 06 848. 848 848 2021, June 30, 2023. 848 may 848 December 31, 2022, December 31, 2024, no 848. 2022 06

Note 2 - Securities

Note 2 - Securities	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	Note 2. The Company invests in U.S. Treasury securities, U.S. agency and mortgage-backed securities, obligations of states and political subdivisions, and corporate debt securities. Amortized costs and fair values of securities at December 31, 2022 2021 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: U.S. Treasury securities $ 12,469 $ — $ (1,239 ) $ 11,229 U.S. agency and mortgage-backed securities 109,971 95 (13,149 ) 96,918 Obligations of states and political subdivisions 64,386 4 (9,630 ) 54,760 Total securities available for sale $ 186,826 $ 99 $ (24,018 ) $ 162,907 Securities held to maturity: U.S. Treasury securities $ 38,211 $ — $ (568 ) $ 37,643 U.S. agency and mortgage-backed securities 99,374 — (9,189 ) 90,185 Obligations of states and political subdivisions 12,573 — (1,252 ) 11,321 Corporate debt securities 3,000 — (352 ) 2,648 Total securities held to maturity $ 153,158 $ — $ (11,361 ) $ 141,797 Total securities $ 339,984 $ 99 $ (35,379 ) $ 304,704 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: U.S. Treasury securities $ 39,871 $ 37 $ (250 ) $ 39,658 U.S. agency and mortgage-backed securities 177,131 1,085 (1,837 ) 176,379 Obligations of states and political subdivisions 71,037 910 (509 ) 71,438 Corporate debt securities 2,019 1 — 2,020 Total securities available for sale $ 290,058 $ 2,033 $ (2,596 ) $ 289,495 Securities held to maturity: U.S. agency and mortgage-backed securities $ 26,392 $ 124 $ (53 ) $ 26,463 Obligations of states and political subdivisions 7,049 118 (13 ) 7,154 Total securities held to maturity $ 33,441 $ 242 $ (66 ) $ 33,617 Total securities $ 323,499 $ 2,275 $ (2,662 ) $ 323,112 At December 31, 2022 2021 2022 Less than 12 months 12 months or more Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Securities available for sale: U.S. Treasury securities $ 9,041 $ (932 ) $ 2,188 $ (307 ) $ 11,229 $ (1,239 ) U.S. agency and mortgage-backed securities 27,282 (1,945 ) 62,342 (11,204 ) 89,624 (13,149 ) Obligations of states and political subdivisions 24,689 (2,581 ) 26,362 (7,049 ) 51,051 (9,630 ) Total securities available for sale $ 61,012 $ (5,458 ) $ 90,892 $ (18,560 ) $ 151,904 $ (24,018 ) Securities held to maturity: U.S. Treasury securities $ 19,302 $ (258 ) $ 18,342 $ (310 ) $ 37,644 $ (568 ) U.S. agency and mortgage-backed securities 58,019 (6,848 ) 32,167 (2,341 ) 90,186 (9,189 ) Obligations of states and political subdivisions 8,648 (1,008 ) 2,672 (244 ) 11,320 (1,252 ) Corporate debt securities 2,648 (352 ) — — 2,648 (352 ) Total securities held to maturity $ 88,617 $ (8,466 ) $ 53,181 $ (2,895 ) $ 141,798 $ (11,361 ) Total securities $ 149,629 $ (13,924 ) $ 144,073 $ (21,455 ) $ 293,702 $ (35,379 ) 2021 Less than 12 months 12 months or more Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Securities available for sale: U.S. Treasury securities $ 29,656 $ (250 ) $ — $ — $ 29,656 $ (250 ) U.S. agency and mortgage-backed securities 109,950 (1,335 ) 14,749 (502 ) 124,699 (1,837 ) Obligations of states and political subdivisions 34,611 (500 ) 1,009 (9 ) 35,620 (509 ) Total securities available for sale $ 174,217 $ (2,085 ) $ 15,758 $ (511 ) $ 189,975 $ (2,596 ) Securities held to maturity: U.S. agency and mortgage-backed securities $ 5,411 $ (53 ) $ — $ — $ 5,411 $ (53 ) Obligations of states and political subdivisions 999 (13 ) — — 999 (13 ) Total securities held to maturity $ 6,410 $ (66 ) $ — $ — $ 6,410 $ (66 ) Total securities $ 180,627 $ (2,151 ) $ 15,758 $ (511 ) $ 196,385 $ (2,662 ) The tables above provide information about securities that have been in an unrealized loss position for less than twelve twelve 1 2 not 3 not not not At December 31, 2022 as 6.5 December 31, 2022 At December 31, 2021 , there six eight December 31, 2021 5.2 December 31, 2021 December 31, 2022 not The amortized cost and fair value of securities at December 31, 2022 may Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ — $ — $ 905 $ 902 Due after one year through five years 19,801 18,483 44,441 43,455 Due after five years through ten years 39,909 36,498 27,016 24,481 Due after ten years 127,116 107,926 80,796 72,959 $ 186,826 $ 162,907 $ 153,158 $ 141,797 Proceeds from maturities, calls, principal payments, and sales of secur ities available for sale during 2022 and 2021 were $39.1 million and $54.6 million, respectively. Gross losses of $2.0 million were realized on calls and sales during 2022 Gross gains of $37 thousand were realized on calls and sales during 2021 , Proceeds from maturities, calls, and principal payments of securities held to maturity during 2022 and 2021 were $9.3 million and $4.7 million, respectively. There were no December 31, 2022 or 2021 . The Company did not 2022 or 2021 . Securities having a fair value of $134.5 million and $83.8 million at December 31, 2022 2021 During the third 2022, Federal Home Loan Bank, Federal Reserve Bank, and Community Bankers’ Bank stock are generally viewed as long-term investments and as restricted securities, which are carried at cost, because there is a minimal market for the stock. Therefore, when evaluating restricted securities for impairment, their value is based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Company does not December 31, 2022 The composition of restricted securities at December 31, 2022 2021 2022 2021 Federal Home Loan Bank stock $ 796 $ 701 Federal Reserve Bank stock 980 980 Community Bankers’ Bank stock 132 132 $ 1,908 $ 1,813 The Company also holds limited partnership investments in Small Business Investment Companies (SBICs), which are included in other assets in the Consolidated Balance Sheets. The limited partnership investments are measured as equity investments without readily determinable fair values at their cost, less any impairment. The amounts included in other assets for the limited partnership investments were $599 thousand and $504 thousand at December 31, 2022 2021 , respectively.

Note 3 - Loans

Note 3 - Loans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]	Note 3. Loans at December 31, 2022 2021 2022 2021 Real estate loans: Construction and land development $ 51,840 $ 55,721 Secured by 1-4 family residential 331,421 291,990 Other real estate 418,456 364,921 Commercial and industrial loans 111,225 99,805 Consumer and other loans 7,581 12,681 Total loans $ 920,523 $ 825,118 Allowance for loan losses (7,446 ) (5,710 ) Loans, net $ 913,077 $ 819,408 Net deferred loan fees included in the above loan categories were $3.2 million a December 31, 2022 2021 December 31, 2022 2021 The following tables provide a summary of loan classes and an aging of past due loans as of December 31, 2022 2021 December 31, 2022 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Non-Accrual Loans 90 Days or More Past Due and Accruing Real estate loans: Construction and land development $ 115 $ 20 $ 1,045 $ 1,180 $ 50,660 $ 51,840 $ 1,045 $ — 1-4 family residential 1,033 60 207 1,300 330,121 331,421 530 — Other real estate 109 — — 109 418,347 418,456 13 — Commercial and industrial 31 130 1,085 1,246 109,979 111,225 1,085 — Consumer and other loans 26 25 — 51 7,530 7,581 — — Total $ 1,314 $ 235 $ 2,337 $ 3,886 $ 916,637 $ 920,523 $ 2,673 $ — December 31, 2021 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Non-Accrual Loans 90 Days or More Past Due and Accruing Real estate loans: Construction and land development $ — $ 115 $ — $ 115 $ 55,606 $ 55,721 $ — $ — 1-4 family residential 1,293 100 372 1,765 290,225 291,990 766 — Other real estate 186 — — 186 364,735 364,921 29 — Commercial and industrial 1,474 — — 1,474 98,331 99,805 1,509 — Consumer and other loans 56 11 — 67 12,614 12,681 — — Total $ 3,009 $ 226 $ 372 $ 3,607 $ 821,511 $ 825,118 $ 2,304 $ — Credit Quality Indicators As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including trends related to the risk grading of specified classes of loans. The Company utilizes a risk grading matrix to assign a rating to each of its loans. The loan ratings are summarized into the following categories: pass, special mention, substandard, doubtful, and loss. Pass rated loans include all risk rated credits other than those included in special mention, substandard, or doubtful. Loans classified as loss are charged-off. Loan officers assign risk grades to loans at origination and as renewals arise. The Bank’s Credit Administration department reviews risk grades for accuracy on a quarterly basis and as credit issues arise. In addition, a certain amount of loans are reviewed each year through the Company’s internal and external loan review process. A description of the general characteristics of the loan grading categories is as follows: Pass – Special Mention – may Substandard – not Doubtful – Loss – not The following tables provide an analysis of the credit risk profile of each loan class as of December 31, 2022 2021 December 31, 2022 Pass Special Mention Substandard Doubtful Total Real estate loans: Construction and land development $ 50,795 $ — $ 1,045 $ — $ 51,840 Secured by 1-4 family residential 330,590 — 831 — 331,421 Other real estate 416,559 1,884 13 — 418,456 Commercial and industrial 110,065 75 1,085 — 111,225 Consumer and other loans 7,581 — — — 7,581 Total $ 915,590 $ 1,959 $ 2,974 $ — $ 920,523 December 31, 2021 Pass Special Mention Substandard Doubtful Total Real estate loans: Construction and land development $ 55,721 $ — $ — $ — $ 55,721 Secured by 1-4 family residential 290,909 — 1,081 — 291,990 Other real estate 364,892 — 29 — 364,921 Commercial and industrial 97,215 1,081 1,509 — 99,805 Consumer and other loans 12,681 — — — 12,681 Total $ 821,418 $ 1,081 $ 2,619 $ — $ 825,118 Loans acquired in business combinations are recorded in the Consolidated Balance Sheets at fair value at the acquisition date under the acquisition method of accounting. The outstanding principal balance and the carrying amount at December 31, 2022 2021 Acquired Loans - Purchased Performing (Dollars in thousands) 2022 2021 Outstanding principal balance $ 187,017 $ 216,706 Carrying amount Real estate loans: Construction and land development $ 9,823 $ 26,348 Secured by 1-4 family residential 42,915 53,803 Other real estate loans 103,521 90,908 Commercial and industrial loans 24,661 36,968 Consumer and other loans 3,560 5,012 Total acquired loans $ 184,480 $ 213,039

Note 4 - Allowance for Loan Los

Note 4 - Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 4. The following tables present, as of December 31, 2022 2021 December 31, 2022 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for loan losses: Beginning Balance, December 31, 2021 $ 345 $ 1,077 $ 3,230 $ 718 $ 340 $ 5,710 Charge-offs — (6 ) — (32 ) (491 ) (529 ) Recoveries 10 19 15 145 226 415 Provision for (recovery of) loan losses 191 18 364 1,043 234 1,850 Ending Balance, December 31, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Ending Balance: Individually evaluated for impairment — — — 888 — 888 Collectively evaluated for impairment 546 1,108 3,609 986 309 6,558 Loans: Ending Balance 51,840 331,421 418,456 111,225 7,581 920,523 Individually evaluated for impairment 1,045 530 13 1,085 — 2,673 Collectively evaluated for impairment 50,795 330,891 418,443 110,140 7,581 917,850 December 31, 2021 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for loan losses: Beginning Balance, December 31, 2020 $ 306 $ 1,022 $ 4,956 $ 784 $ 417 $ 7,485 Charge-offs — (15 ) (992 ) (6 ) (434 ) (1,447 ) Recoveries 6 65 3 7 241 322 Provision for (recovery of) loan losses 33 5 (737 ) (67 ) 116 (650 ) Ending Balance, December 31, 2021 $ 345 $ 1,077 $ 3,230 $ 718 $ 340 $ 5,710 Ending Balance: Individually evaluated for impairment — — — 55 — 55 Collectively evaluated for impairment 345 1,077 3,230 663 340 5,655 Loans: Ending Balance 55,721 291,990 364,921 99,805 12,681 825,118 Individually evaluated for impairment — 765 30 1,509 — 2,304 Collectively evaluated for impairment 55,721 291,225 364,891 98,296 12,681 822,814 Impaired loans and the related allowance at December 31, 2022 2021 December 31, 2022 Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Real estate loans: Construction and land development $ 2,412 $ 1,045 $ — $ 1,045 $ — $ 30 $ 75 Secured by 1-4 family residential 680 530 — 530 — 580 11 Other real estate loans 26 13 — 13 — 22 — Commercial and industrial 1,084 — 1,085 1,085 888 650 40 Total $ 4,202 $ 1,588 $ 1,085 $ 2,673 $ 888 $ 1,282 $ 126 December 31, 2021 Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Real estate loans: Construction and land development $ — $ — $ — $ — $ — $ 91 $ — Secured by 1-4 family 889 765 — 765 — 429 9 Other real estate loans 40 30 — 30 — 2,384 — Commercial and industrial 1,673 — 1,509 1,509 55 1,613 — Total $ 2,602 $ 795 $ 1,509 $ 2,304 $ 55 $ 4,517 $ 9 The “Recorded Investment” amounts in the table above represent the outstanding principal balance on each loan represented in the table. The “Unpaid Principal Balance” represents the outstanding principal balance on each loan represented in the table plus any amounts that have been charged off on each loan and/or payments that have been applied towards principal on non-accrual loans. Only loan classes with balances are included in the tables above. As of December 31, 2022 $101 thousand. December 31, 2022 none g assets. There were $1.6 million in TDRs a December 31, 2021 may . There were no loans modified as TDRs during the year ended December 31, 2022 . There was no December 31, 2022. The TDRs described above increased the specific reserve component of the allowance for loan losses by $55 thousand at December 31, 2022 . During the fourth 2020, during the year ended December 31, 2022 . For the years ended December 31, 2022 2021 there were no twelve 90 twelve There were no non-accrual loans excluded from impaired loan disclosure at December 31, 2022 December 31, 2021 nt of tho December 31, 2022 2021

Note 5 - Other Real Estate Owne

Note 5 - Other Real Estate Owned	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Real Estate Owned [Text Block]	Note 5. Changes in the balance for OREO during the years en ded December 31, 2022 and 2021 ar 2022 2021 Balance at the beginning of year, net $ 1,848 $ — Transfers from loans to other real estate owned — 130 Transfers from property and equipment to other real estate owned 184 — Acquired in merger — 2,137 Sales proceeds (2,011 ) (288 ) Gain on disposition 176 8 Balance at the end of year, gross $ 197 $ 1,987 Less: valuation allowance (13 ) (139 ) Balance at the end of year, net $ 184 $ 1,848 There were no residential real estate properties included in the ending OREO balances a t December 31, 2022 and 2021 . T not December 31, 2022. December 31, 2021. not d for sale. Net expenses applicable to OREO, other than the valuation allowance and gain on disposition, were $52 and $34 thousand fo d December 31, 2022 and 2021,

Note 6 - Premises and Equipment

Note 6 - Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 6. Premises and equipment are summarized as follows at December 31, 2022 2021 2022 2021 Land $ 5,412 $ 5,486 Buildings and leasehold improvements 20,801 22,158 Furniture and equipment 8,081 8,814 Construction in process 8 — $ 34,302 $ 36,458 Less accumulated depreciation 12,426 14,055 Premises and equipment, net $ 21,876 $ 22,403 Depreciation expense included in operating expenses for 2022 2021

Note 7 - Deposits

Note 7 - Deposits	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Deposit Liabilities Disclosures [Text Block]	Note 7. The aggregate amount of time deposits, in denominations of $250 December 31, 2022 2021 The Bank obtains certain deposits through the efforts of third December 31, 2022 2021 At December 31, 2022 2023 $ 73,486 2024 38,497 2025 12,377 2026 8,063 2027 4,426 Thereafter — $ 136,849

Note 8 - Other Borrowings

Note 8 - Other Borrowings	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Other Borrowings [Text Block]	Note 8. The Company had an unsecured line of credit totaling $5.0 million with a non-affiliated bank at December 31, 2022 . There were no borrowings outstanding on the line of credit at December 31, 2022 . The interest rate on the line of credit floats at Wall Street Journal Prime Rate plus 0.25%, with a floor of 3.50%, and matures on March 25, 2026. The Bank had unused lines of credit totaling $287.3 million and $240.4 million available with non-affiliated banks at December 31, 2022 and 2021 , respectively. These available sources of credit included $188.8 million available from Federal Home Loan Bank of Atlanta (FHLB), $47.5 million available from the Federal Reserve Bank, and unsecured lines of credit with correspondent banks totaling $51.0 million. The Bank can borrow up to 19% of its total assets through the blanket floating lien agreement with the FHLB. The Bank had collateral pledged on the borrowing line at December 31, 2022 and 2021 including real estate loans totaling $286.6 million and $205.8 million, respectively, and FHLB stock with a book value of $796 thousand and $701 thousand, respectively. The Bank did not December 31, 2022 and 2021 .

Note 9 - Subordinated Debt

Note 9 - Subordinated Debt	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Subordinated Borrowings Disclosure [Text Block]	Note 9. On October 30, 2015, 2025 December 31, 2022 January 1, 2021 October 1, 2025. January 1, 2022 On June 29, 2020, 2030 July 1, 2025, three December 31, 2022 2021 July 1, 2030. may July 1, 2025 may not not not

Note 10 - Junior Subordinated D

Note 10 - Junior Subordinated Debt	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 10. On June 8, 2004, June 17, 2004, December 31, 2022 2021 was 7.34% a June 17, 2034, September 17, 2009. On July 24, 2006, July 31, 2006, December 31, 2022 2021 was 5.34% an October 1, 2036, October 1, 2011.

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 11. The Company is subject to U.S. federal and Virginia income tax as well as bank franchise tax in the state of Virginia. With few exceptions, the Company is no 2019. Net deferred tax assets consisted of the following components at December 31, 2022 2021 2022 2021 Deferred Tax Assets Allowance for loan losses $ 1,564 $ 1,199 Acquisition accounting adjustments, net 570 822 Post-retirement benefits 188 156 Core deposit intangible 270 309 Unvested stock-based compensation 81 45 Reserve for letter of credit losses 88 66 Limited partnership investments 39 8 Lease liability 113 60 Housing tax credit — 24 Unrealized loss on securities available for sale 6,536 118 NOL carryover - acquired from Fincastle 1,434 1,548 Loan origination fees, net 176 183 $ 11,059 $ 4,538 Deferred Tax Liabilities Depreciation $ 701 $ 750 Right of use asset 112 61 Housing equity fund — 12 Other real estate owned 29 158 Cash flow hedges 563 198 $ 1,405 $ 1,179 Net deferred tax assets $ 9,654 $ 3,359 The income tax expense for the years ended December 31, 2022 2021 2022 2021 Current tax expense $ 4,193 $ 4,268 Deferred tax benefit (241 ) (1,682 ) $ 3,952 $ 2,586 The income tax expense differs from the amount of income tax determined by applying the U.S. federal income tax rate to pretax income for the years ended December 31, 2022 2021 2022 2021 Computed tax expense at statutory federal rate $ 4,357 $ 2,718 Increase in income taxes resulting from: Merger expenses — 165 Other 8 28 Decrease in income taxes resulting from: Tax-exempt interest and dividend income (252 ) (214 ) Income from bank owned life insurance (161 ) (111 ) $ 3,952 $ 2,586

Note 12 - Funds Restrictions an

Note 12 - Funds Restrictions and Reserve Balance	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Funds Restrictions and Reserve Balance [Text Block]	Note 12. Transfers of funds from the banking subsidiary to the parent company in the form of loans, advances, and cash dividends are restricted by federal and state regulatory authorities. At December 31, 2022 t prior regulatory approval, totaled $20.8 million. The amount of unrestricted funds is generally determined by subtracting the total dividend payments of the Bank from the Bank’s net income for that year, combined with the Bank’s retained net income for the preceding two The Bank is typically required to maintain a reserve against its deposits in accordance with Regulation D of the Federal Reserve Act. The Federal Reserve adopted a rule in March 2020 December 31, 2022 or December 31, 2021

Note 13 - Benefit Plans

Note 13 - Benefit Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Retirement Benefits [Text Block]	Note 13. 401 The Company maintains a 401 may first one fifty two six one thousand nineteen two December 31, 2022 2021 Supplemental Executive Retirement Plans On March 15, 2019, three December 31, 2022 2021 December 31, 2022 2021

Note 14 - Earnings Per Common S

Note 14 - Earnings Per Common Share	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 14. Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. The following table presents the computation of basic and diluted earnings per share for the years ended December 31, 2022 2021 2022 2021 (Numerator): Net income $ 16,797 $ 10,359 (Denominator): Weighted average shares outstanding – basic 6,252,369 5,550,589 Potentially dilutive common shares – restricted stock units 6,988 8,492 Weighted average shares outstanding – diluted 6,259,357 5,559,081 Income per common share Basic $ 2.69 $ 1.87 Diluted $ 2.68 $ 1.86

Note 15 - Commitments and Unfun

Note 15 - Commitments and Unfunded Credits	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 15. The Company, through its banking subsidiary, is a party to credit related financial instruments with risk not At December 31, 2022 2021 2022 2021 Commitments to extend credit and unfunded commitments under lines of credit $ 158,297 $ 161,428 Stand-by letters of credit 17,950 18,904 Commitments to extend credit are agreements to lend to a customer as long as there is no may may not Unfunded commitments under commercial lines of credit, revolving credit lines, and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit are collateralized as deemed necessary and may may not Commercial and standby letters of credit are conditional commitments issued by the Bank to guarantee the performance of a customer to a third one At December 31, 2022 e Bank had $998 thousand in locked-rate commitments to ori no December 31, 2022. not The Bank has cash accounts in other commercial banks. The amount on deposit at these banks at December 31, 2022 e Federal Deposit Insurance Corporation by $1.8 million.

Note 16 - Transactions with Rel

Note 16 - Transactions with Related Parties	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 16. During the year, executive officers and directors (and their affiliates) were customers of and had transactions with the Company in the normal course of business. In management’s opinion, these transactions were made on substantially the same terms as those prevailing for other customers. At December 31, 2022 2021 d $1.1 million an 2022 tions were $11 thousand and total principal payments were $530 thousand. Deposits from related parties held by the Bank at December 31, 2022 2021 d to $27.5 million an

Note 17 - Lease Commitments

Note 17 - Lease Commitments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note 17. Lease liabilities represent the Company's obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company's incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company's right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and, if applicable, prepaid rent, initial direct costs, and any incentives received from the lessor. Lease payments Lease payments for short-term leases are recognized as lease expense on a straight-line basis over the lease term, or for variable lease payments, in the period in which the obligation was incurred. Payments for leases with terms longer than twelve may not not Options to extend, residual value guarantees, and restrictions and covenants Of the Company's eight six None none The following table presents the operating lease right-of-use asset and operating lease liability as of December 31, 2022 2021 Classification in the Consolidated Balance Sheets 2022 2021 Operating lease right-of-use asset Other assets $ 535 $ 290 Operating lease liability Accrued interest payable and other liabilities 537 284 The following table presents the weighted average remaining operating lease term and the weighted average discount rate for operating leases as of December 31, 2022 2021 2022 2021 Weighted average remaining lease term, in years 2.5 2.8 Weighted average discount rate 3.51 % 2.65 % The following table presents the components of operating lease expense and supplemental cash flow information for the years ended December 31, 2022 2021 2022 2021 Lease Expense Operating lease expense $ 247 $ 154 Short-term lease expense 33 14 Total lease expense (1) $ 280 $ 168 Cash paid for amounts included in lease liability $ 249 $ 156 Right of use assets obtained in exchange for operating lease liabilities commencing during the period $ 491 $ 92 ( 1 Included in occupancy expense in the Company's consolidated statements of income. The following table presents a maturity schedule of undiscounted cash flows that contribute to the operating lease liability as of December 31, 2022 Twelve months ending December 31, 2023 $ 239 Twelve months ending December 31, 2024 215 Twelve months ending December 31, 2025 92 Twelve months ending December 31, 2026 13 Twelve months ending December 31, 2027 — Total undiscounted cash flows $ 559 Less: discount (22 ) Operating lease liability $ 537 The contracts in which the Company is lessee are with parties external to the Company and not

Note 18 - Dividend Reinvestment

Note 18 - Dividend Reinvestment Plan	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Dividend Reinvestment Plan [Text Block]	Note 18. The Company has in effect a Dividend Reinvestment Plan (DRIP) which provides an automatic conversion of dividends into common stock for enrolled shareholders. The Company may The Compan y issued 10,384 and 7,861 December 31, 2022 2021

Note 19 - Fair Value Measuremen

Note 19 - Fair Value Measurements	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 19. Determination of Fair Value The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. In accordance with the “Fair Value Measurement and Disclosures” topic of FASB ASC, the fair value of a financial instrument is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no not may not The fair value guidance provides a consistent definition of fair value, which focuses on exit price in an orderly transaction (that is, not may Fair Value Hierarchy In accordance with this guidance, the Company groups its assets and liabilities generally measured at fair value in three Level 1 Valuation is based on quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. Level 1 Level 2 Valuation is based on inputs other than quoted prices included within Level 1 may not Level 3 Valuation is based on unobservable inputs that are supported by little or no 3 An instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a recurring basis in the financial statements: Securities available for sale Securities available for sale are recorded at fair value on a recurring basis. Fair value measurement is based upon quoted market prices, when available (Level 1 not may 2 Derivative asset/liability - cash flow hedges Cash flow hedges are recorded at fair value on a recurring basis. The fair value of the Company's cash flow hedges is determined by a third 2 The following tables present the balances of assets measured at fair value on a recurring basis as of December 31, 2022 2021 Fair Value Measurements at December 31, 2022 Description Balance as of December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale U.S. Treasury securities $ 11,229 $ — $ 11,229 $ — U.S. agency and mortgage-backed securities 96,918 — 96,918 — Obligations of states and political subdivisions 54,760 — 54,760 — Corporate debt securities — — — — Total securities available for sale $ 162,907 $ — $ 162,907 $ — Derivatives - cash flow hedges 2,679 — 2,679 — Total assets $ 165,586 $ — $ 165,586 $ — Fair Value Measurements at December 31, 2021 Description Balance as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale U.S. Treasury securities $ 39,658 $ — $ 39,658 $ — U.S. agency and mortgage-backed securities 176,379 — 176,379 — Obligations of states and political subdivisions 71,438 — 71,438 — Corporate debt securities 2,020 — 2,020 — Total securities available for sale $ 289,495 $ — $ 289,495 $ — Derivatives - cash flow hedges 941 — 941 — Total assets $ 290,436 $ — $ 290,436 $ — Certain assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain assets recorded at fair value on a nonrecurring basis in the financial statements: Loans held for sale Loans held for sale are carried at the lower of cost or market value. These loans currently consist of one four not 2 December 31, 2022 and 2021 . Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due according to the contractual terms of the loan agreements will not may 2 twelve one not 3 one not 3 The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis as of December 31, 2022 2021 Fair Value Measurements at December 31, 2022 Description Balance as of December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Other real estate owned $ 184 $ — $ — $ 184 Impaired loans, net $ 197 $ — $ — $ 197 Fair Value Measurements at December 31, 2021 Description Balance as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs(Level 2) Significant Unobservable Inputs (Level 3) Impaired loans, net $ 1,454 $ — $ — $ 1,454 Quantitative information about Level 3 Fair Value Measurements for December 31, 2022 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Other real estate owned $ 184 Property appraisals Selling cost 10.00 % Impaired loans, net 197 Present value of cash flows Discount rate 6.50 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2021 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Impaired loans, net $ 1,454 Present value of cash flows Discount rate 6.50 % ( 1 Unobservable inputs were weighted by the relative fair value of the instruments. Accounting guidance requires disclosure of the fair value of financial assets and financial liabilities, including those financial assets and financial liabilities that are not December 31, 2022 2021 Fair Value Measurements at December 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Fair Value Financial Assets Cash and short-term investments $ 66,914 $ 66,914 $ — $ — $ 66,914 Securities available for sale 162,907 — 162,907 — 162,907 Securities held to maturity 153,158 — 141,797 — 141,797 Restricted securities 1,908 — 1,908 — 1,908 Loans, net 913,077 — — $ 880,473 880,473 Bank owned life insurance 24,531 — 24,531 — 24,531 Accrued interest receivable 4,543 — 4,543 — 4,543 Derivatives - cash flow hedges 2,679 — 2,679 — 2,679 Financial Liabilities Deposits $ 1,241,332 $ — $ 1,104,483 $ 131,304 $ 1,235,787 Subordinated debt 4,995 — — 5,267 5,267 Junior subordinated debt 9,279 — — 6,067 6,067 Accrued interest payable 163 — 163 — 163 Fair Value Measurements at December 31, 2021 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Fair Value Financial Assets Cash and short-term investments $ 176,006 $ 176,006 $ — $ — $ 176,006 Securities available for sale 289,495 — 289,495 — 289,495 Securities held to maturity 33,441 — 33,617 — 33,617 Restricted securities 1,813 — 1,813 — 1,813 Loans, net 819,408 — — 827,248 827,248 Bank owned life insurance 24,294 — 24,294 — 24,294 Accrued interest receivable 3,903 — 3,903 — 3,903 Derivatives - cash flow hedges 941 — 941 — 941 Financial Liabilities Deposits $ 1,248,752 $ — $ 1,103,186 $ 145,101 $ 1,248,287 Subordinated debt 9,993 — — 8,932 8,932 Junior subordinated debt 9,279 — — 8,145 8,145 Accrued interest payable 152 — 152 — 152 The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change and that change may

Note 20 - Regulatory Matters

Note 20 - Regulatory Matters	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Regulatory Capital Requirements under Banking Regulations [Text Block]	Note 20. The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings, and other factors. Prompt corrective action provisions are not The final rules implementing the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (Basel III rules) became effective January 1, 2015, January 1, 2019. 1 four January 1, 2016 January 1, 2019. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the following table) of total (as defined in the regulations), Tier 1 1 1 December 31, 2022 December 31, 2021 As of December 31, 2022 no A comparison of the capital of the Bank at December 31, 2022 December 31, 2021 Actual Minimum Capital Requirement Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2022: Total Capital (to Risk-Weighted Assets) $ 139,549 14.60 % $ 76,462 8.00 % $ 95,578 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 132,103 13.82 % $ 57,347 6.00 % $ 76,462 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 132,103 13.82 % $ 43,010 4.50 % $ 62,126 6.50 % Tier 1 Capital (to Average Assets) $ 132,103 9.36 % $ 55,228 4.00 % $ 69,035 5.00 % December 31, 2021: Total Capital (to Risk-Weighted Assets) $ 125,934 14.76 % $ 68,237 8.00 % $ 85,296 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 120,224 14.09 % $ 51,178 6.00 % $ 68,237 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 120,224 14.09 % $ 38,383 4.50 % $ 55,442 6.50 % Tier 1 Capital (to Average Assets) $ 120,224 8.82 % $ 54,497 4.00 % $ 68,121 5.00 % In addition to the regulatory minimum risk-based capital amounts presented above, the Bank must maintain a capital conservation buffer as required by the Basel III final rules. Accordingly, the Bank was required to maintain a capital conservation buffer of 2.50% at December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021

Note 21 - Accumulated Other Com

Note 21 - Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 21. Changes in each component of accumulated other comprehensive income (loss) were as follows (in thousands): Net Unrealized Gains (Losses) on Securities Change in Fair Value of Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2020 $ 3,058 $ 340 $ 3,398 Unrealized holding losses (net of tax, ($ 923 (3,474 ) — (3,474 ) Reclassification adjustment (net of tax, ($ 8 (29 ) — (29 ) Change in fair value (net of tax, $ 107 — 403 403 Change during period (3,503 ) 403 (3,100 ) Balance at December 31, 2021 $ (445 ) $ 743 $ 298 Unrealized holding losses (net of tax, ($ 5,327 (20,033 ) — (20,033 ) Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($ 1,513 (5,692 ) — (5,692 ) Reclassification adjustment (net of tax, $ 421 1,583 — 1,583 Change in fair value (net of tax, $ 365 — 1,373 1,373 Change during period (24,142 ) 1,373 (22,769 ) Balance at December 31, 2022 $ (24,587 ) $ 2,116 $ (22,471 ) The following table presents information related to reclassifications from accumulated other comprehensive income (loss) for the years ended December 31, 2022 2021 Details About Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Consolidated Statements of Income For the year ended December 31, 2022 2021 Securities available for sale: Net securities losses (gains) reclassified into earnings $ 2,004 $ (37 ) Net (losses) gains on securities available for sale Related income tax (benefit) expense (421 ) 8 Income tax expense Total reclassifications $ 1,583 $ (29 ) Net of tax

Note 22 - Stock Compensation Pl

Note 22 - Stock Compensation Plans	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 22. On May 13, 2014, 2014 Stock Awards Whenever the Company deems it appropriate to grant a stock award, the recipient receives a specified number of unrestricted shares of employer stock. Stock awards may may During 2022 rt. Also during 2022, d $481 thousand a December 31, 2022 2021 Restricted Stock Units Restricted stock units are an award of units that correspond in number and value to a specified number of shares of employer stock which the recipient receives according to a vesting plan and distribution schedule after achieving required performance milestones or upon remaining with the employer for a particular length of time. Each restricted stock unit that vests entitles the recipient to receive one On February 9, 2022 , 10,110 re one two not A summary of the activity for the Company’s restricted stock units for the period indicated is presented in the following table: 2022 Shares Weighted Average Grant Date Fair Value Unvested, January 1, 2022 30,781 $ 19.79 Granted 10,110 22.19 Vested (11,643 ) 20.58 Forfeited (67 ) — Unvested, December 31, 2022 29,181 $ 20.31 At December 31, 2022 2026. December 31, 2022 2021

Note 23 - Revenue Recognition

Note 23 - Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 23. Most revenue associated with financial instruments, including interest income, loan origination fees, and credit card fees, is outside the scope of ASC topic 606. 606 Service charges on deposit accounts Service charges on deposit accounts consist of monthly service fees, overdraft and nonsufficient funds fees, and other deposit account related fees. The Company's performance obligation for monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers' accounts. Overdraft and nonsufficient funds fees and other deposit account related fees are transactional based, and therefore, the Company's performance obligation is satisfied, and related revenue recognized, at a point in time. ATM and check card fees ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. ATM fees are transactional based, and therefore, the Company's performance obligation is satisfied, and related revenue recognized, at a point in time. Check card fees are primarily comprised of interchange fee income. Interchange fees are earned whenever the Company's debit cards are processed through card payment networks, such as Visa. The Company's performance obligation for interchange fee income is largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. In compliance with Topic 606, Wealth management fees Wealth management fees are primarily comprised of fees earned from the management and administration of trusts and other customer assets. The Company's performance obligation is generally satisfied over time and the resulting fees are primarily recognized monthly, based upon the month-end market value of the assets under management and the applicable fee rate. Payment is generally received a few days after month-end through a direct charge to customers' accounts. Estate management fees are based upon the size of the estate. Revenue for estate management fees are recorded periodically, according to a fee schedule, and are based on the services that have been provided. Brokered mortgage fees Brokered mortgage fees are comprised of loan fee income earned from generating loans in the secondary market. Brokered mortgage fee income is recognized at loan closing. Fees for other customer services Fees for other customer services include check ordering charges, merchant services income, safe deposit box rental fees, and other service charges. Check ordering charges are transactional based, and therefore, the Company's performance obligation is satisfied, and related revenue recognized, at a point in time. Merchant services income mainly represent fees charged to merchants to process their debit and credit card transactions. The Company's performance obligation for merchant services income is largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Gains and losses are recorded when control of the property transfers to the buyer, which generally occurs at the time of transfer of the deed. If the Company finances the sale of a foreclosed property to the buyer, we assess whether the buyer is committed to perform their obligations under the contract and whether collectability of the transaction price is probable. Once these criteria are met, the foreclosed property is derecognized and the gain or loss on sale is recorded upon transfer of control of the property to the buyer. For the years ended December 31, 2022 2021 $8 The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, December 31, 2022 2021 2022 2021 Noninterest Income Service charges on deposit accounts $ 2,677 $ 2,061 ATM and check card fees 3,300 2,930 Wealth management fees 3,008 2,712 Brokered mortgage fees 245 539 Fees for other customer services 839 777 Noninterest income (in-scope of Topic 606) $ 10,069 $ 9,019 Noninterest income (out-of-scope of Topic 606) 2,552 1,168 Total noninterest income $ 12,621 $ 10,187

Note 24 - Derivative Financial

Note 24 - Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 24. On April 21, 2020, June 17, 2034, March 17, 2020. June 17, 2034. three October 1, 2036, April 1, 2020. October 1, 2036. three The Company entered into interest rate swaps to reduce interest rate risk and to manage interest expense. By entering into these agreements, the Company converted variable rate debt into fixed rate debt. Alternatively, the Company may 1 no December 31, 2022 June 2034 October 2036. not not All interest rate swaps were entered into with counterparties that met the Company's credit standards and the agreements contain collateral provisions protecting the at-risk party. The Company believes that the credit risk inherent in these derivative contracts is not Unrealized gains or losses recorded in other comprehensive income related to cash flow hedges are reclassified into earnings in the same period(s) during which the hedged interest payments affect earnings. When a designated hedging instrument is terminated and the hedged interest payments remain probable of occurring, any remaining unrecognized gain or loss in other comprehensive income is reclassified into earnings in the period(s) during which the forecasted interest payments affect earnings. Amounts reclassified into earnings and interest receivable or payable under designated interest rate swaps are reported in interest expense. The Company does not twelve The following table summarizes key elements of the Company's derivative instruments at December 31, 2022 2021 2022 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,679 $ — $ — 2021 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 941 $ — $ — ( 1 Collateral pledged may

Note 25 - Acquisitions

Note 25 - Acquisitions	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 25. Acquisition of the Bank of Fincastle On July 1, 2021, transaction, Fincastle was merged with and into the Bank. At the time of closing of the acquisition, Fincastle had six converted on October 16, 2021. June 30, 2021, December 31, 2021, first second 2022. Acquisition of SmartBank Loan Portfolio On September 30, 2021, not December 31, 2021. December 31, 2021 operates a loan production office in the location of the former SmartBank branch. The Bank’s assumption of the lease and acquisition of the remaining branch assets was completed in the fourth 2021. 2021. no 2022. The acquisitions were accounted for as business combinations under ASC 805, may may not one The following table presents the total consideration paid by the Company in connection with the acquisition of Fincastle and the SmartBank loan portfolio, the fair values of the assets acquired and liabilities assumed, and the resulting goodwill. Amounts for the Fincastle acquisition are as of July 1, 2021. September 30, 2021. (Dollars in thousands) Bank of Fincastle SmartBank Total Purchase price: Cash paid $ 6,752 $ 83,745 $ 90,497 Common stock issued 27,069 - 27,069 Total purchase price $ 33,821 $ 83,745 $ 117,566 Identifiable assets acquired: Cash and due from banks $ 46,158 $ - $ 46,158 Federal funds sold 120 - 120 Securities, AFS, at fair value 12,112 - 12,112 Restricted securities 183 - 183 Loans, net of ALLL 194,617 81,637 276,254 Bank premises and equipment 3,471 172 3,643 Accrued interest receivable 1,588 143 1,731 OREO 2,137 - 2,137 BOLI 5,852 - 5,852 Other assets 4,259 - 4,259 Total identifiable assets acquired $ 270,497 $ 81,952 $ 352,449 Identifiable liabilities assumed: Demand deposits & savings accounts $ 184,535 $ - $ 184,535 Time deposits 52,246 - 52,246 Accrued expenses and other liabilities 1,132 - 1,132 Total identifiable liabilities assumed $ 237,913 $ - $ 237,913 Net identifiable assets acquired at fair value $ 32,584 $ 81,952 $ 114,536 Goodwill resulting from acquisitions $ 1,237 $ 1,793 $ 3,030 The following table presents certain unaudited pro forma information as if the acquisition had taken place on January 1, 2020. not January 1, 2020. December 31, 2021 December 31, 2020 December 31, 2021 2020 no Additionally, the Company expects to achieve further operational cost savings and other efficiencies as a result of the acquisition which are not Unaudited Pro Forma Unaudited Pro Forma Twelve Months Ended Twelve Months Ended (Dollars in thousands, except per share amounts) December 31, 2021 December 31, 2020 Total revenues (net interest income plus noninterest income) $ 42,116 $ 43,234 Net income $ 9,826 $ 7,660 Net income per share, basic $ 1.77 $ 1.57 Net income per share, diluted $ 1.77 $ 1.57 The revenue and earnings amounts specific to SmartBank since the acquisition date that are included in the consolidated results for 2021 2020 not December 31, 2021. first second 2022.

Note 27 - Parent Company Only F

Note 27 - Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2022
Notes to Financial Statements
Condensed Financial Information of Parent Company Only Disclosure [Text Block]	Note 27. FIRST NATIONAL CORPORATION (Parent Company Only) Balance Sheets December 31, 2022 2021 (in thousands) 2022 2021 Assets Cash $ 9,501 $ 7,303 Investment in subsidiaries, at cost, plus undistributed net income 110,682 122,964 Other assets 3,024 6,256 Total assets $ 123,207 $ 136,523 Liabilities and Shareholders’ Equity Subordinated debt $ 4,995 $ 9,993 Junior subordinated debt 9,279 9,279 Other liabilities 573 212 Total liabilities $ 14,847 $ 19,484 Preferred stock $ — $ — Common stock 7,831 7,785 Surplus 32,716 31,966 Retained earnings 90,284 76,990 Accumulated other comprehensive (loss) income, net (22,471 ) 298 Total shareholders’ equity $ 108,360 $ 117,039 Total liabilities and shareholders’ equity $ 123,207 $ 136,523 FIRST NATIONAL CORPORATION (Parent Company Only) Statements of Income Years Ended December 31, 2022 2021 (in thousands) 2022 2021 Income Dividends from subsidiary $ 6,000 $ 6,000 Total income $ 6,000 $ 6,000 Expense Interest expense $ 547 $ 889 Supplies 5 56 Legal and professional fees 209 107 Data processing 47 29 Management fee-subsidiary 469 305 Other expense 70 104 Total expense $ 1,347 $ 1,490 Income before allocated tax benefits and undistributed income of subsidiary $ 4,653 $ 4,510 Allocated income tax benefit 283 312 Income before equity in undistributed income of subsidiary $ 4,936 $ 4,822 Equity in undistributed income of subsidiary 11,861 5,537 Net income $ 16,797 $ 10,359 FIRST NATIONAL CORPORATION (Parent Company Only) Statements of Cash Flows Years Ended December 31, 2022 2021 (in thousands) 2022 2021 Cash Flows from Operating Activities Net income $ 16,797 $ 10,359 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiary (11,861 ) (5,537 ) Stock-based compensation 785 354 Amortization of debt issuance costs 2 2 Decrease (increase) in other assets 4,969 (5,020 ) (Decrease) increase in other liabilities (3 ) 1 Net cash provided by operating activities $ 10,689 $ 159 Cash Flows from Investing Activities Net cash paid in acquisition of The Bank of Fincastle $ — $ (6,752 ) Net cash used in investing activities $ — $ (6,752 ) Cash Flows from Financing Activities Redemption of subordinated debt, net of issuance costs $ (5,000 ) $ — Cash dividends paid on common stock, net of reinvestment (3,308 ) (2,505 ) Repurchase of common stock (183 ) (39 ) Net cash (used in) financing activities $ (8,491 ) $ (2,544 ) Increase (decrease) in cash and cash equivalents $ 2,198 $ (9,137 ) Cash and Cash Equivalents Beginning 7,303 16,440 Ending $ 9,501 $ 7,303

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	First National Corporation (the Company) is the bank holding company of First Bank (the Bank). The Company also owns First National (VA) Statutory Trust II (Trust II), and First National (VA) Statutory Trust III (Trust III and, together with Trust II, the Trusts). The Trusts were formed for the purpose of issuing redeemable capital securities, commonly known as trust preferred securities and are not tes. First Bank also owns Bank of Fincastle Services, Inc. which owns an entity that provides mortgage services. T The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America and to accepted practices within the banking industry.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements of First National Corporation include the accounts of all six
Use of Estimates, Policy [Policy Text Block]	Use of Estimates In preparing consolidated financial statements in conformity with accounting principles generally accepted in the United States, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated balance sheet and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that require the most subjective or complex judgments relate to the allowance for loan losses, loans acquired in a business combination, and goodwill.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within the Shenandoah Valley, central regions of Virginia, and the Richmond and Roanoke market areas. The types of lending that the Company engages in are included in Note 3. not one
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents For purposes of the consolidated statements of cash flows, the Company has defined cash equivalents as those amounts included in the balance sheet captions “Cash and due from banks” and “Interest-bearing deposits in banks.”
Investment, Policy [Policy Text Block]	Securities Investments in debt securities with readily determinable fair values are classified as either held to maturity (HTM), available for sale (AFS), or trading based on management’s intent. Currently, all of the Company’s debt securities are classified as either AFS or HTM. Equity investments in the FHLB, the Federal Reserve Bank of Richmond, and Community Bankers Bank are separately classified as restricted securities and are carried at cost. AFS securities are carried at estimated fair value with the corresponding unrealized gains and losses excluded from earnings and reported in other comprehensive income (loss), and HTM securities are carried at amortized cost. When an individual AFS security is sold, the Company releases the income tax effects associated with the AFS security from accumulated other comprehensive income (loss). Purchase premiums and discounts are recognized in interest income using the interest method over the terms of the securities. Gains or losses on the sale of securities are recorded on the trade date using the amortized cost of the specific security sold. Transfers of debt securities into the held to maturity classification from the available for sale classification are made at fair value on the date of transfer. The unrealized holding gain or loss on the date of the transfer is reported in accumulated other comprehensive loss and in the carrying value of the held to maturity securities. Such amounts are amortized over the remaining contractual lives of the securities. The net impact to income from the amortization and accretion of the unrealized loss at date of transfer is zero. Impairment of securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either the Company ( 1 2 not not not no no Equity securities with readily determinable fair values are carried at fair value, with changes in fair value reported in net income. Any equity securities without readily determinable fair values are carried at cost, minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. Restricted equity securities are carried at cost and are periodically evaluated for impairment based on the ultimate recovery of par value. The entirety of any impairment on equity securities is recognized in earnings. The Company regularly reviews each security for other-than-temporary impairment based on criteria that include the extent to which cost exceeds market price, the duration of that market decline, the financial health of and specific prospects for the issuer, the best estimate of the present value of cash flows expected to be collected from debt securities, the Company’s intention with regard to holding the security to maturity, and the likelihood that the Company would be required to sell the security before recovery.
Financing Receivable, Held-for-sale [Policy Text Block]	Loans Held for Sale Loans originated and intended for sale in the secondary market are carried at the lower of aggregate cost or estimated fair value. The Company, through its banking subsidiary, requires a firm purchase commitment from a permanent investor before loans held for sale can be closed, thus limiting interest rate risk. Net unrealized losses, if any, are recognized through a valuation allowance by charges to income. The Bank enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (rate lock commitments). Rate lock commitments on mortgage loans that are intended to be sold are considered to be derivatives. The period of time between issuance of a loan commitment and closing and sale of the loan generally ranges from 30 60 not The market value of rate lock commitments and best efforts contracts is not not no
Financing Receivable [Policy Text Block]	Loans The Company, through its banking subsidiary, grants mortgage, commercial, and consumer loans to customers. The Bank segments its loan portfolio into real estate loans, commercial and industrial loans, and consumer and other loans. Real estate loans are further divided into the following classes: Construction and Land Development; 1 4 Real Estate Loans – Construction and Land Development one four Real Estate Loans – 1 4 Family one four first Real Estate Loans – Other Commercial and Industrial Loans: may Consumer and Other Loans A substantial portion of the loan portfolio is represented by residential and commercial loans secured by real estate throughout the Bank's market area. The ability of the Bank’s debtors to honor their contracts may Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid principal balances less the allowance for loan losses and any deferred fees or costs on originated loans. Interest income is accrued and credited to income based on the unpaid principal balance. Loan origination fees, net of certain origination costs, are deferred and recognized as an adjustment of the related loan yield using the interest method. Interest income includes amortization of purchase premiums and discounts, recognized evenly over the life of the loans. A loan’s past due status is based on the contractual due date of the most delinquent payment due. Loans are generally placed on non-accrual status when the collection of principal or interest is 90 90 may first may All interest accrued but not Any unsecured loan that is deemed uncollectible is charged-off in full. Any secured loan that is considered by management to be uncollectible is partially charged-off and carried at the fair value of the collateral less estimated selling costs. This charge-off policy applies to all loan segments. Loans Acquired in a Business Combination Acquired loans are classified as either (i) purchased credit-impaired (PCI) loans or (ii) purchased performing loans and are recorded at fair value on the date of acquisition. PCI loans are those for which there is evidence of credit deterioration since origination and for which it is probable at the date of acquisition that the Company will not third 2021. Purchased performing loans are those for which there is no third 2021
Impaired Financing Receivable, Policy [Policy Text Block]	Impaired Loans A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value (net of selling costs), and the probability of collecting scheduled principal and interest payments when due. Additionally, management generally evaluates substandard and doubtful loans greater than $250 thousand for impairment. Loans that experience insignificant payment delays and payment shortfalls generally are not not
Troubled Debt Restructuring [Policy Text Block]	Troubled Debt Restructurings (TDR) In situations where, for economic or legal reasons related to a borrower’s financial condition, management grants a concession to the borrower that it would not no may December 31, 2022 2021
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	Allowance for Loan Losses The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management determines that the loan balance is uncollectible. Subsequent recoveries, if any, are credited to the allowance. For further information about the Company’s loans and the allowance for loan losses, see Notes 3 4. The allowance for loan losses is evaluated on a quarterly basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may The Company performs regular credit reviews of the loan portfolio to review credit quality and adherence to underwriting standards. The credit reviews consist of reviews by its internal credit administration department and reviews performed by an independent third one one The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses on existing loans that may may • 1 4 • Real estate construction and land development loans carry risks that the project may not may not may, may may not may • Other real estate loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because repayment of these loans may • Commercial and industrial loans carry risks associated with the successful operation of a business because repayment of these loans may may • Consumer and other loans carry risk associated with the continued creditworthiness of the borrower and the value of the collateral, if any. These loans are typically either unsecured or secured by rapidly depreciating assets such as automobiles. They are also likely to be immediately and adversely affected by job loss, divorce, illness, personal bankruptcy, or other changes in circumstances. Consumer and other loans also include purchased consumer loans which could have been originated outside of the Company's market area. The allowance for loan losses consists of specific and general components. The specific component relates to loans that are classified as impaired, and is established when the discounted cash flows, fair value of collateral less estimated costs to sell, or observable market price of the impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal is ordered if a current one not third may The general component covers loans that are not twelve may
Property, Plant and Equipment, Policy [Policy Text Block]	Premises and Equipment Land is carried at cost. Premises and equipment are stated at cost, less accumulated depreciation and amortization. Premises and equipment are depreciated over their estimated useful lives ranging from three forty three seven Costs of maintenance and repairs are charged to expense as incurred. Costs of replacing structural parts of major units are considered individually and are expensed or capitalized as the facts dictate. Gains and losses on routine dispositions are reflected in current operations.
Financing Receivable, Real Estate Acquired Through Foreclosure [Policy Text Block]	Other Real Estate Owned Other real estate owned (OREO) consists of properties obtained through a foreclosure proceeding or through an in-substance foreclosure in satisfaction of loans and properties originally acquired for branch operations or expansion but no may
Bank Owned Life Insurance [Policy Text Block]	Bank-Owned Life Insurance The Company owns insurance on the lives of a certain group of key employees. The policies were purchased to help offset the increase in the costs of various fringe benefit plans, including healthcare. The cash surrender value of these policies is included as an asset on the consolidated balance sheets, and any increase in cash surrender value is recorded as income from bank owned life insurance on the consolidated statements of income. In the event of the death of an insured individual under these policies, the Company receives a death benefit which is also recorded as income from bank owned life insurance. The Company is exposed to credit risk to the extent an insurance company is unable to fulfill its financial obligations under a policy.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Goodwill arises from business combinations and is determined as the excess fair value of the consideration transferred over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not June 30 The Company recorded goodwill as a result of the acquisition of the Bank of Fincastle and SmartBank in 2021. Other intangible assets consist of core deposit intangible assets arising from whole bank and branch acquisitions and are amortized on an accelerated method over their estimated useful lives, which range from 6 to 10 years.
Derivatives, Policy [Policy Text Block]	Derivative Financial Instruments The Company recognizes de 24.
Share-Based Payment Arrangement [Policy Text Block]	Stock Based Compensation Compensation cost is recognized for restricted stock units and other stock awards issued to employees and directors based on the fair value of the awards at the date of grant. The market price of the Company’s common stock at the date of grant is used to estimate the fair value of restricted stock units and other stock awards.
Pension and Other Postretirement Plans, Pensions, Policy [Policy Text Block]	Retirement Plans Employee 401
Transfers and Servicing of Financial Assets, Transfers of Financial Assets, Policy [Policy Text Block]	Transfers of Financial Assets Transfers of financial assets, including loan participations, are accounted for as sales, when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when ( 1 2 3 not
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred income tax assets and liabilities are determined using the asset and liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. Deferred taxes are reduced by a valuation allowance when, in the opinion of management, it is more likely than not not When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not not not 50 no December 31, 2022 2021
Management and Investment Advisory Fees, Policy [Policy Text Block]	Wealth Management Department Securities and other property held by the wealth management department in a fiduciary or agency capacity are not not
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Common Share Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may 14
Advertising Cost [Policy Text Block]	Advertising Costs The Company follows the policy of charging the production costs of advertising to expense as incurred. Total advertising expense incurred for 2022 2021
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income (Loss) Accounting principles generally require that recognized revenue, expenses, gains, and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available-for-sale securities and changes in fair values of cash flow hedges, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss).
Commitments and Contingencies, Policy [Policy Text Block]	Loss Contingencies Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not
Business Combinations Policy [Policy Text Block]	Business Combinations On July 1, 2021, and stock. On September 30, 2021, 25.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, No. 2016 13, 326 2016 13 January 1, 2023 The Company is utilizing a third 326, not 2022, third Effective November 25, 2019, 119. 119 326, 1 2 3 4 In March 2020, No. 2020 04, 848 2020 04 March 12, 2020 December 31, 2022. January 2021, No. 2021 01 848 2021 01 848 848 may 2021 01 March 12, 2020, January 7, 2021, may 2021 01 March 12, 2020, March 12, 2020. June 30, 2023. not In December 2022, 2022 06, 848 848”. 2022 06 848. 848 848 2021, June 30, 2023. 848 may 848 December 31, 2022, December 31, 2024, no 848. 2022 06

Note 2 - Securities (Tables)

Note 2 - Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Available-for-sale and Held-to-maturity Reconciliation [Table Text Block]	2022 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: U.S. Treasury securities $ 12,469 $ — $ (1,239 ) $ 11,229 U.S. agency and mortgage-backed securities 109,971 95 (13,149 ) 96,918 Obligations of states and political subdivisions 64,386 4 (9,630 ) 54,760 Total securities available for sale $ 186,826 $ 99 $ (24,018 ) $ 162,907 Securities held to maturity: U.S. Treasury securities $ 38,211 $ — $ (568 ) $ 37,643 U.S. agency and mortgage-backed securities 99,374 — (9,189 ) 90,185 Obligations of states and political subdivisions 12,573 — (1,252 ) 11,321 Corporate debt securities 3,000 — (352 ) 2,648 Total securities held to maturity $ 153,158 $ — $ (11,361 ) $ 141,797 Total securities $ 339,984 $ 99 $ (35,379 ) $ 304,704 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Securities available for sale: U.S. Treasury securities $ 39,871 $ 37 $ (250 ) $ 39,658 U.S. agency and mortgage-backed securities 177,131 1,085 (1,837 ) 176,379 Obligations of states and political subdivisions 71,037 910 (509 ) 71,438 Corporate debt securities 2,019 1 — 2,020 Total securities available for sale $ 290,058 $ 2,033 $ (2,596 ) $ 289,495 Securities held to maturity: U.S. agency and mortgage-backed securities $ 26,392 $ 124 $ (53 ) $ 26,463 Obligations of states and political subdivisions 7,049 118 (13 ) 7,154 Total securities held to maturity $ 33,441 $ 242 $ (66 ) $ 33,617 Total securities $ 323,499 $ 2,275 $ (2,662 ) $ 323,112
Schedule of Temporary Impairment Losses, Investments [Table Text Block]	2022 Less than 12 months 12 months or more Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Securities available for sale: U.S. Treasury securities $ 9,041 $ (932 ) $ 2,188 $ (307 ) $ 11,229 $ (1,239 ) U.S. agency and mortgage-backed securities 27,282 (1,945 ) 62,342 (11,204 ) 89,624 (13,149 ) Obligations of states and political subdivisions 24,689 (2,581 ) 26,362 (7,049 ) 51,051 (9,630 ) Total securities available for sale $ 61,012 $ (5,458 ) $ 90,892 $ (18,560 ) $ 151,904 $ (24,018 ) Securities held to maturity: U.S. Treasury securities $ 19,302 $ (258 ) $ 18,342 $ (310 ) $ 37,644 $ (568 ) U.S. agency and mortgage-backed securities 58,019 (6,848 ) 32,167 (2,341 ) 90,186 (9,189 ) Obligations of states and political subdivisions 8,648 (1,008 ) 2,672 (244 ) 11,320 (1,252 ) Corporate debt securities 2,648 (352 ) — — 2,648 (352 ) Total securities held to maturity $ 88,617 $ (8,466 ) $ 53,181 $ (2,895 ) $ 141,798 $ (11,361 ) Total securities $ 149,629 $ (13,924 ) $ 144,073 $ (21,455 ) $ 293,702 $ (35,379 ) 2021 Less than 12 months 12 months or more Total Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Fair Value Unrealized (Loss) Securities available for sale: U.S. Treasury securities $ 29,656 $ (250 ) $ — $ — $ 29,656 $ (250 ) U.S. agency and mortgage-backed securities 109,950 (1,335 ) 14,749 (502 ) 124,699 (1,837 ) Obligations of states and political subdivisions 34,611 (500 ) 1,009 (9 ) 35,620 (509 ) Total securities available for sale $ 174,217 $ (2,085 ) $ 15,758 $ (511 ) $ 189,975 $ (2,596 ) Securities held to maturity: U.S. agency and mortgage-backed securities $ 5,411 $ (53 ) $ — $ — $ 5,411 $ (53 ) Obligations of states and political subdivisions 999 (13 ) — — 999 (13 ) Total securities held to maturity $ 6,410 $ (66 ) $ — $ — $ 6,410 $ (66 ) Total securities $ 180,627 $ (2,151 ) $ 15,758 $ (511 ) $ 196,385 $ (2,662 )
Investments Classified by Contractual Maturity Date [Table Text Block]	Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ — $ — $ 905 $ 902 Due after one year through five years 19,801 18,483 44,441 43,455 Due after five years through ten years 39,909 36,498 27,016 24,481 Due after ten years 127,116 107,926 80,796 72,959 $ 186,826 $ 162,907 $ 153,158 $ 141,797
Marketable Securities [Table Text Block]	2022 2021 Federal Home Loan Bank stock $ 796 $ 701 Federal Reserve Bank stock 980 980 Community Bankers’ Bank stock 132 132 $ 1,908 $ 1,813

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	2022 2021 Real estate loans: Construction and land development $ 51,840 $ 55,721 Secured by 1-4 family residential 331,421 291,990 Other real estate 418,456 364,921 Commercial and industrial loans 111,225 99,805 Consumer and other loans 7,581 12,681 Total loans $ 920,523 $ 825,118 Allowance for loan losses (7,446 ) (5,710 ) Loans, net $ 913,077 $ 819,408
Financing Receivable, Past Due [Table Text Block]	December 31, 2022 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Non-Accrual Loans 90 Days or More Past Due and Accruing Real estate loans: Construction and land development $ 115 $ 20 $ 1,045 $ 1,180 $ 50,660 $ 51,840 $ 1,045 $ — 1-4 family residential 1,033 60 207 1,300 330,121 331,421 530 — Other real estate 109 — — 109 418,347 418,456 13 — Commercial and industrial 31 130 1,085 1,246 109,979 111,225 1,085 — Consumer and other loans 26 25 — 51 7,530 7,581 — — Total $ 1,314 $ 235 $ 2,337 $ 3,886 $ 916,637 $ 920,523 $ 2,673 $ — December 31, 2021 30-59 Days Past Due 60-89 Days Past Due >90 Days Past Due Total Past Due Current Total Loans Non-Accrual Loans 90 Days or More Past Due and Accruing Real estate loans: Construction and land development $ — $ 115 $ — $ 115 $ 55,606 $ 55,721 $ — $ — 1-4 family residential 1,293 100 372 1,765 290,225 291,990 766 — Other real estate 186 — — 186 364,735 364,921 29 — Commercial and industrial 1,474 — — 1,474 98,331 99,805 1,509 — Consumer and other loans 56 11 — 67 12,614 12,681 — — Total $ 3,009 $ 226 $ 372 $ 3,607 $ 821,511 $ 825,118 $ 2,304 $ —
Financing Receivable Credit Quality Indicators [Table Text Block]	December 31, 2022 Pass Special Mention Substandard Doubtful Total Real estate loans: Construction and land development $ 50,795 $ — $ 1,045 $ — $ 51,840 Secured by 1-4 family residential 330,590 — 831 — 331,421 Other real estate 416,559 1,884 13 — 418,456 Commercial and industrial 110,065 75 1,085 — 111,225 Consumer and other loans 7,581 — — — 7,581 Total $ 915,590 $ 1,959 $ 2,974 $ — $ 920,523 December 31, 2021 Pass Special Mention Substandard Doubtful Total Real estate loans: Construction and land development $ 55,721 $ — $ — $ — $ 55,721 Secured by 1-4 family residential 290,909 — 1,081 — 291,990 Other real estate 364,892 — 29 — 364,921 Commercial and industrial 97,215 1,081 1,509 — 99,805 Consumer and other loans 12,681 — — — 12,681 Total $ 821,418 $ 1,081 $ 2,619 $ — $ 825,118
Loans Acquired in Business Combination [Table Text Block]	Acquired Loans - Purchased Performing (Dollars in thousands) 2022 2021 Outstanding principal balance $ 187,017 $ 216,706 Carrying amount Real estate loans: Construction and land development $ 9,823 $ 26,348 Secured by 1-4 family residential 42,915 53,803 Other real estate loans 103,521 90,908 Commercial and industrial loans 24,661 36,968 Consumer and other loans 3,560 5,012 Total acquired loans $ 184,480 $ 213,039

Note 4 - Allowance for Loan L_2

Note 4 - Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	December 31, 2022 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for loan losses: Beginning Balance, December 31, 2021 $ 345 $ 1,077 $ 3,230 $ 718 $ 340 $ 5,710 Charge-offs — (6 ) — (32 ) (491 ) (529 ) Recoveries 10 19 15 145 226 415 Provision for (recovery of) loan losses 191 18 364 1,043 234 1,850 Ending Balance, December 31, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Ending Balance: Individually evaluated for impairment — — — 888 — 888 Collectively evaluated for impairment 546 1,108 3,609 986 309 6,558 Loans: Ending Balance 51,840 331,421 418,456 111,225 7,581 920,523 Individually evaluated for impairment 1,045 530 13 1,085 — 2,673 Collectively evaluated for impairment 50,795 330,891 418,443 110,140 7,581 917,850 December 31, 2021 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for loan losses: Beginning Balance, December 31, 2020 $ 306 $ 1,022 $ 4,956 $ 784 $ 417 $ 7,485 Charge-offs — (15 ) (992 ) (6 ) (434 ) (1,447 ) Recoveries 6 65 3 7 241 322 Provision for (recovery of) loan losses 33 5 (737 ) (67 ) 116 (650 ) Ending Balance, December 31, 2021 $ 345 $ 1,077 $ 3,230 $ 718 $ 340 $ 5,710 Ending Balance: Individually evaluated for impairment — — — 55 — 55 Collectively evaluated for impairment 345 1,077 3,230 663 340 5,655 Loans: Ending Balance 55,721 291,990 364,921 99,805 12,681 825,118 Individually evaluated for impairment — 765 30 1,509 — 2,304 Collectively evaluated for impairment 55,721 291,225 364,891 98,296 12,681 822,814
Impaired Financing Receivables [Table Text Block]	December 31, 2022 Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Real estate loans: Construction and land development $ 2,412 $ 1,045 $ — $ 1,045 $ — $ 30 $ 75 Secured by 1-4 family residential 680 530 — 530 — 580 11 Other real estate loans 26 13 — 13 — 22 — Commercial and industrial 1,084 — 1,085 1,085 888 650 40 Total $ 4,202 $ 1,588 $ 1,085 $ 2,673 $ 888 $ 1,282 $ 126 December 31, 2021 Unpaid Principal Balance Recorded Investment with No Allowance Recorded Investment with Allowance Total Recorded Investment Related Allowance Average Recorded Investment Interest Income Recognized Real estate loans: Construction and land development $ — $ — $ — $ — $ — $ 91 $ — Secured by 1-4 family 889 765 — 765 — 429 9 Other real estate loans 40 30 — 30 — 2,384 — Commercial and industrial 1,673 — 1,509 1,509 55 1,613 — Total $ 2,602 $ 795 $ 1,509 $ 2,304 $ 55 $ 4,517 $ 9

Note 5 - Other Real Estate Ow_2

Note 5 - Other Real Estate Owned (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Other Real Estate, Roll Forward [Table Text Block]	2022 2021 Balance at the beginning of year, net $ 1,848 $ — Transfers from loans to other real estate owned — 130 Transfers from property and equipment to other real estate owned 184 — Acquired in merger — 2,137 Sales proceeds (2,011 ) (288 ) Gain on disposition 176 8 Balance at the end of year, gross $ 197 $ 1,987 Less: valuation allowance (13 ) (139 ) Balance at the end of year, net $ 184 $ 1,848

Note 6 - Premises and Equipme_2

Note 6 - Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Property, Plant and Equipment [Table Text Block]	2022 2021 Land $ 5,412 $ 5,486 Buildings and leasehold improvements 20,801 22,158 Furniture and equipment 8,081 8,814 Construction in process 8 — $ 34,302 $ 36,458 Less accumulated depreciation 12,426 14,055 Premises and equipment, net $ 21,876 $ 22,403

Note 7 - Deposits (Tables)

Note 7 - Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Time Deposit Maturities [Table Text Block]	2023 $ 73,486 2024 38,497 2025 12,377 2026 8,063 2027 4,426 Thereafter — $ 136,849

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2022 2021 Deferred Tax Assets Allowance for loan losses $ 1,564 $ 1,199 Acquisition accounting adjustments, net 570 822 Post-retirement benefits 188 156 Core deposit intangible 270 309 Unvested stock-based compensation 81 45 Reserve for letter of credit losses 88 66 Limited partnership investments 39 8 Lease liability 113 60 Housing tax credit — 24 Unrealized loss on securities available for sale 6,536 118 NOL carryover - acquired from Fincastle 1,434 1,548 Loan origination fees, net 176 183 $ 11,059 $ 4,538 Deferred Tax Liabilities Depreciation $ 701 $ 750 Right of use asset 112 61 Housing equity fund — 12 Other real estate owned 29 158 Cash flow hedges 563 198 $ 1,405 $ 1,179 Net deferred tax assets $ 9,654 $ 3,359
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2022 2021 Current tax expense $ 4,193 $ 4,268 Deferred tax benefit (241 ) (1,682 ) $ 3,952 $ 2,586
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2022 2021 Computed tax expense at statutory federal rate $ 4,357 $ 2,718 Increase in income taxes resulting from: Merger expenses — 165 Other 8 28 Decrease in income taxes resulting from: Tax-exempt interest and dividend income (252 ) (214 ) Income from bank owned life insurance (161 ) (111 ) $ 3,952 $ 2,586

Note 14 - Earnings Per Common_2

Note 14 - Earnings Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2022 2021 (Numerator): Net income $ 16,797 $ 10,359 (Denominator): Weighted average shares outstanding – basic 6,252,369 5,550,589 Potentially dilutive common shares – restricted stock units 6,988 8,492 Weighted average shares outstanding – diluted 6,259,357 5,559,081 Income per common share Basic $ 2.69 $ 1.87 Diluted $ 2.68 $ 1.86

Note 15 - Commitments and Unf_2

Note 15 - Commitments and Unfunded Credits (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Fair Value, off-Balance-Sheet Risks [Table Text Block]	2022 2021 Commitments to extend credit and unfunded commitments under lines of credit $ 158,297 $ 161,428 Stand-by letters of credit 17,950 18,904

Note 17 - Lease Commitments (Ta

Note 17 - Lease Commitments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Assets and Liabilities, Lessee [Table Text Block]	Classification in the Consolidated Balance Sheets 2022 2021 Operating lease right-of-use asset Other assets $ 535 $ 290 Operating lease liability Accrued interest payable and other liabilities 537 284
Lease, Cost [Table Text Block]	2022 2021 Weighted average remaining lease term, in years 2.5 2.8 Weighted average discount rate 3.51 % 2.65 % 2022 2021 Lease Expense Operating lease expense $ 247 $ 154 Short-term lease expense 33 14 Total lease expense (1) $ 280 $ 168 Cash paid for amounts included in lease liability $ 249 $ 156 Right of use assets obtained in exchange for operating lease liabilities commencing during the period $ 491 $ 92
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Twelve months ending December 31, 2023 $ 239 Twelve months ending December 31, 2024 215 Twelve months ending December 31, 2025 92 Twelve months ending December 31, 2026 13 Twelve months ending December 31, 2027 — Total undiscounted cash flows $ 559 Less: discount (22 ) Operating lease liability $ 537

Note 19 - Fair Value Measurem_2

Note 19 - Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at December 31, 2022 Description Balance as of December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale U.S. Treasury securities $ 11,229 $ — $ 11,229 $ — U.S. agency and mortgage-backed securities 96,918 — 96,918 — Obligations of states and political subdivisions 54,760 — 54,760 — Corporate debt securities — — — — Total securities available for sale $ 162,907 $ — $ 162,907 $ — Derivatives - cash flow hedges 2,679 — 2,679 — Total assets $ 165,586 $ — $ 165,586 $ — Fair Value Measurements at December 31, 2021 Description Balance as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Securities available for sale U.S. Treasury securities $ 39,658 $ — $ 39,658 $ — U.S. agency and mortgage-backed securities 176,379 — 176,379 — Obligations of states and political subdivisions 71,438 — 71,438 — Corporate debt securities 2,020 — 2,020 — Total securities available for sale $ 289,495 $ — $ 289,495 $ — Derivatives - cash flow hedges 941 — 941 — Total assets $ 290,436 $ — $ 290,436 $ —
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at December 31, 2022 Description Balance as of December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Other real estate owned $ 184 $ — $ — $ 184 Impaired loans, net $ 197 $ — $ — $ 197 Fair Value Measurements at December 31, 2021 Description Balance as of December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs(Level 2) Significant Unobservable Inputs (Level 3) Impaired loans, net $ 1,454 $ — $ — $ 1,454
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Quantitative information about Level 3 Fair Value Measurements for December 31, 2022 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Other real estate owned $ 184 Property appraisals Selling cost 10.00 % Impaired loans, net 197 Present value of cash flows Discount rate 6.50 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2021 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Impaired loans, net $ 1,454 Present value of cash flows Discount rate 6.50 %
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at December 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Fair Value Financial Assets Cash and short-term investments $ 66,914 $ 66,914 $ — $ — $ 66,914 Securities available for sale 162,907 — 162,907 — 162,907 Securities held to maturity 153,158 — 141,797 — 141,797 Restricted securities 1,908 — 1,908 — 1,908 Loans, net 913,077 — — $ 880,473 880,473 Bank owned life insurance 24,531 — 24,531 — 24,531 Accrued interest receivable 4,543 — 4,543 — 4,543 Derivatives - cash flow hedges 2,679 — 2,679 — 2,679 Financial Liabilities Deposits $ 1,241,332 $ — $ 1,104,483 $ 131,304 $ 1,235,787 Subordinated debt 4,995 — — 5,267 5,267 Junior subordinated debt 9,279 — — 6,067 6,067 Accrued interest payable 163 — 163 — 163 Fair Value Measurements at December 31, 2021 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets Level 1 Significant Other Observable Inputs Level 2 Significant Unobservable Inputs Level 3 Fair Value Financial Assets Cash and short-term investments $ 176,006 $ 176,006 $ — $ — $ 176,006 Securities available for sale 289,495 — 289,495 — 289,495 Securities held to maturity 33,441 — 33,617 — 33,617 Restricted securities 1,813 — 1,813 — 1,813 Loans, net 819,408 — — 827,248 827,248 Bank owned life insurance 24,294 — 24,294 — 24,294 Accrued interest receivable 3,903 — 3,903 — 3,903 Derivatives - cash flow hedges 941 — 941 — 941 Financial Liabilities Deposits $ 1,248,752 $ — $ 1,103,186 $ 145,101 $ 1,248,287 Subordinated debt 9,993 — — 8,932 8,932 Junior subordinated debt 9,279 — — 8,145 8,145 Accrued interest payable 152 — 152 — 152

Note 20 - Regulatory Matters (T

Note 20 - Regulatory Matters (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table Text Block]	Actual Minimum Capital Requirement Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio December 31, 2022: Total Capital (to Risk-Weighted Assets) $ 139,549 14.60 % $ 76,462 8.00 % $ 95,578 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 132,103 13.82 % $ 57,347 6.00 % $ 76,462 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 132,103 13.82 % $ 43,010 4.50 % $ 62,126 6.50 % Tier 1 Capital (to Average Assets) $ 132,103 9.36 % $ 55,228 4.00 % $ 69,035 5.00 % December 31, 2021: Total Capital (to Risk-Weighted Assets) $ 125,934 14.76 % $ 68,237 8.00 % $ 85,296 10.00 % Tier 1 Capital (to Risk-Weighted Assets) $ 120,224 14.09 % $ 51,178 6.00 % $ 68,237 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) $ 120,224 14.09 % $ 38,383 4.50 % $ 55,442 6.50 % Tier 1 Capital (to Average Assets) $ 120,224 8.82 % $ 54,497 4.00 % $ 68,121 5.00 %

Note 21 - Accumulated Other C_2

Note 21 - Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Net Unrealized Gains (Losses) on Securities Change in Fair Value of Cash Flow Hedges Accumulated Other Comprehensive Income (Loss) Balance at December 31, 2020 $ 3,058 $ 340 $ 3,398 Unrealized holding losses (net of tax, ($ 923 (3,474 ) — (3,474 ) Reclassification adjustment (net of tax, ($ 8 (29 ) — (29 ) Change in fair value (net of tax, $ 107 — 403 403 Change during period (3,503 ) 403 (3,100 ) Balance at December 31, 2021 $ (445 ) $ 743 $ 298 Unrealized holding losses (net of tax, ($ 5,327 (20,033 ) — (20,033 ) Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($ 1,513 (5,692 ) — (5,692 ) Reclassification adjustment (net of tax, $ 421 1,583 — 1,583 Change in fair value (net of tax, $ 365 — 1,373 1,373 Change during period (24,142 ) 1,373 (22,769 ) Balance at December 31, 2022 $ (24,587 ) $ 2,116 $ (22,471 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]	Details About Accumulated Other Comprehensive Income (Loss) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Affected Line Item in the Consolidated Statements of Income For the year ended December 31, 2022 2021 Securities available for sale: Net securities losses (gains) reclassified into earnings $ 2,004 $ (37 ) Net (losses) gains on securities available for sale Related income tax (benefit) expense (421 ) 8 Income tax expense Total reclassifications $ 1,583 $ (29 ) Net of tax

Note 22 - Stock Compensation _2

Note 22 - Stock Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	2022 Shares Weighted Average Grant Date Fair Value Unvested, January 1, 2022 30,781 $ 19.79 Granted 10,110 22.19 Vested (11,643 ) 20.58 Forfeited (67 ) — Unvested, December 31, 2022 29,181 $ 20.31

Note 23 - Revenue Recognition (

Note 23 - Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	2022 2021 Noninterest Income Service charges on deposit accounts $ 2,677 $ 2,061 ATM and check card fees 3,300 2,930 Wealth management fees 3,008 2,712 Brokered mortgage fees 245 539 Fees for other customer services 839 777 Noninterest income (in-scope of Topic 606) $ 10,069 $ 9,019 Noninterest income (out-of-scope of Topic 606) 2,552 1,168 Total noninterest income $ 12,621 $ 10,187

Note 24 - Derivative Financia_2

Note 24 - Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	2022 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,679 $ — $ — 2021 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 941 $ — $ —

Note 25 - Acquisitions (Tables)

Note 25 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	(Dollars in thousands) Bank of Fincastle SmartBank Total Purchase price: Cash paid $ 6,752 $ 83,745 $ 90,497 Common stock issued 27,069 - 27,069 Total purchase price $ 33,821 $ 83,745 $ 117,566 Identifiable assets acquired: Cash and due from banks $ 46,158 $ - $ 46,158 Federal funds sold 120 - 120 Securities, AFS, at fair value 12,112 - 12,112 Restricted securities 183 - 183 Loans, net of ALLL 194,617 81,637 276,254 Bank premises and equipment 3,471 172 3,643 Accrued interest receivable 1,588 143 1,731 OREO 2,137 - 2,137 BOLI 5,852 - 5,852 Other assets 4,259 - 4,259 Total identifiable assets acquired $ 270,497 $ 81,952 $ 352,449 Identifiable liabilities assumed: Demand deposits & savings accounts $ 184,535 $ - $ 184,535 Time deposits 52,246 - 52,246 Accrued expenses and other liabilities 1,132 - 1,132 Total identifiable liabilities assumed $ 237,913 $ - $ 237,913 Net identifiable assets acquired at fair value $ 32,584 $ 81,952 $ 114,536 Goodwill resulting from acquisitions $ 1,237 $ 1,793 $ 3,030
Business Acquisition, Pro Forma Information [Table Text Block]	Unaudited Pro Forma Unaudited Pro Forma Twelve Months Ended Twelve Months Ended (Dollars in thousands, except per share amounts) December 31, 2021 December 31, 2020 Total revenues (net interest income plus noninterest income) $ 42,116 $ 43,234 Net income $ 9,826 $ 7,660 Net income per share, basic $ 1.77 $ 1.57 Net income per share, diluted $ 1.77 $ 1.57

Note 27 - Parent Company Only_2

Note 27 - Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2022
Notes Tables
Condensed Balance Sheet [Table Text Block]	2022 2021 Assets Cash $ 9,501 $ 7,303 Investment in subsidiaries, at cost, plus undistributed net income 110,682 122,964 Other assets 3,024 6,256 Total assets $ 123,207 $ 136,523 Liabilities and Shareholders’ Equity Subordinated debt $ 4,995 $ 9,993 Junior subordinated debt 9,279 9,279 Other liabilities 573 212 Total liabilities $ 14,847 $ 19,484 Preferred stock $ — $ — Common stock 7,831 7,785 Surplus 32,716 31,966 Retained earnings 90,284 76,990 Accumulated other comprehensive (loss) income, net (22,471 ) 298 Total shareholders’ equity $ 108,360 $ 117,039 Total liabilities and shareholders’ equity $ 123,207 $ 136,523
Condensed Income Statement [Table Text Block]	2022 2021 Income Dividends from subsidiary $ 6,000 $ 6,000 Total income $ 6,000 $ 6,000 Expense Interest expense $ 547 $ 889 Supplies 5 56 Legal and professional fees 209 107 Data processing 47 29 Management fee-subsidiary 469 305 Other expense 70 104 Total expense $ 1,347 $ 1,490 Income before allocated tax benefits and undistributed income of subsidiary $ 4,653 $ 4,510 Allocated income tax benefit 283 312 Income before equity in undistributed income of subsidiary $ 4,936 $ 4,822 Equity in undistributed income of subsidiary 11,861 5,537 Net income $ 16,797 $ 10,359
Condensed Cash Flow Statement [Table Text Block]	2022 2021 Cash Flows from Operating Activities Net income $ 16,797 $ 10,359 Adjustments to reconcile net income to net cash provided by operating activities: Equity in undistributed income of subsidiary (11,861 ) (5,537 ) Stock-based compensation 785 354 Amortization of debt issuance costs 2 2 Decrease (increase) in other assets 4,969 (5,020 ) (Decrease) increase in other liabilities (3 ) 1 Net cash provided by operating activities $ 10,689 $ 159 Cash Flows from Investing Activities Net cash paid in acquisition of The Bank of Fincastle $ — $ (6,752 ) Net cash used in investing activities $ — $ (6,752 ) Cash Flows from Financing Activities Redemption of subordinated debt, net of issuance costs $ (5,000 ) $ — Cash dividends paid on common stock, net of reinvestment (3,308 ) (2,505 ) Repurchase of common stock (183 ) (39 ) Net cash (used in) financing activities $ (8,491 ) $ (2,544 ) Increase (decrease) in cash and cash equivalents $ 2,198 $ (9,137 ) Cash and Cash Equivalents Beginning 7,303 16,440 Ending $ 9,501 $ 7,303

Note 1 - Nature of Banking Ac_2

Note 1 - Nature of Banking Activities and Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands			12 Months Ended
	Sep. 30, 2021	Jul. 01, 2021	Dec. 31, 2022	Dec. 31, 2021	Jan. 01, 2023
Financing Receivable, Deferred Payments			$ 0
Financing Receivable, Troubled Debt Restructuring			101	$ 1,600
Advertising Expense			455	487
Business Combination, Consideration Transferred, Total			117,566
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total			352,449
Retained Earnings (Accumulated Deficit), Total			$ 90,284	76,990
Subsequent Event [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-13 [Member]
Retained Earnings (Accumulated Deficit), Total					$ 1,600
Minimum [Member]
Amount of Substandard and Doubtful Loans Evaluated as Impaired				$ 250
Minimum [Member] | Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			6 years
Minimum [Member] | Premises and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)			3 years
Minimum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)			3 years
Maximum [Member] | Core Deposits [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			10 years
Maximum [Member] | Premises and Equipment [Member]
Property, Plant and Equipment, Useful Life (Year)			40 years
Maximum [Member] | Software and Software Development Costs [Member]
Property, Plant and Equipment, Useful Life (Year)			7 years
Fincastle and SmartBank [Member]
Financing Receivable, Purchased with Credit Deterioration, Amount at Purchase Price, Total			$ 0
The Bank of Fincastle [Member]
Business Combination, Consideration Transferred, Total		$ 33,821
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total		$ 270,497
Smartbank [Member]
Business Combination, Consideration Transferred, Total	$ 83,745
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total	$ 81,952

Note 2 - Securities (Details Te

Note 2 - Securities (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Sep. 30, 2022 USD ($)
Weighted Average Re-pricing Term (Year)	6 years 6 months	5 years 2 months 12 days
Proceeds from Sale and Maturity of Debt Securities, Available-for-Sale, Total	$ 39,100	$ 54,551
Debt Securities, Available-for-Sale, Realized Gain (Loss), Total	(2,000)	37,000
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities	9,300	4,700
Debt Securities, Available-for-Sale, Restricted	134,500	83,800
Debt Securities, Available-for-Sale, Amortized Cost, Total	186,826	290,058	$ 82,200
Debt Securities, Available-for-Sale, Unrealized Loss			7,800
Debt Securities, Available-for-Sale, Total	162,907	289,495	$ 74,400
Impairment Losses Related to Federal Home Loan Stock	0
Other Assets [Member]
Equity Securities without Readily Determinable Fair Value, Amount	$ 599	$ 504
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	107	37
Available-for-Sale Securities, Number of Securities	116	118
Corporate Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	1
Available-for-Sale Securities, Number of Securities	1
US Agency and Mortgage-backed Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions		58
Available-for-Sale Securities, Number of Securities		135
US Treasury Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	11	6
Available-for-Sale Securities, Number of Securities	11	8
Debt Securities, Available-for-Sale, Amortized Cost, Total	$ 12,469	$ 39,871
Debt Securities, Available-for-Sale, Total	$ 11,229	$ 39,658
Mortgage-Backed Securities, Issued by US Government Sponsored Enterprises [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	126
Available-for-Sale Securities, Number of Securities	143

Note 2 - Securities - Summary o

Note 2 - Securities - Summary of Amortized Costs and Fair Values of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-Sale, Amortized Cost, Total	$ 186,826	$ 82,200	$ 290,058
Gross unrealized gains, available for sale securities	99		2,033
Gross unrealized losses, available for sale securities	(24,018)		(2,596)
Debt Securities, Available-for-Sale, Total	162,907	$ 74,400	289,495
Amortized cost, held to maturity securities	153,158		33,441
Gross unrealized gains, held to maturity securities	0		242
Gross unrealized losses, held to maturity securities	(11,361)		(66)
Fair value, held to maturity securities	141,797		33,617
Amortized cost	339,984		323,499
Gross unrealized gains	99		2,275
Gross unrealized losses	(35,379)		(2,662)
Total securities, fair value	304,704		323,112
US Treasury Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost, Total	12,469		39,871
Gross unrealized gains, available for sale securities	0		37
Gross unrealized losses, available for sale securities	(1,239)		(250)
Debt Securities, Available-for-Sale, Total	11,229		39,658
Amortized cost, held to maturity securities	38,211
Gross unrealized gains, held to maturity securities	0
Gross unrealized losses, held to maturity securities	(568)
Fair value, held to maturity securities	37,643
US Agency and Mortgage-backed Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost, Total	109,971		177,131
Gross unrealized gains, available for sale securities	95		1,085
Gross unrealized losses, available for sale securities	(13,149)		(1,837)
Debt Securities, Available-for-Sale, Total	96,918		176,379
Amortized cost, held to maturity securities	99,374		26,392
Gross unrealized gains, held to maturity securities	0		124
Gross unrealized losses, held to maturity securities	(9,189)		(53)
Fair value, held to maturity securities	90,185		26,463
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost, Total	64,386		71,037
Gross unrealized gains, available for sale securities	4		910
Gross unrealized losses, available for sale securities	(9,630)		(509)
Debt Securities, Available-for-Sale, Total	54,760		71,438
Amortized cost, held to maturity securities	12,573		7,049
Gross unrealized gains, held to maturity securities	0		118
Gross unrealized losses, held to maturity securities	(1,252)		(13)
Fair value, held to maturity securities	11,321		7,154
Corporate Debt Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost, Total			2,019
Gross unrealized gains, available for sale securities			1
Gross unrealized losses, available for sale securities			0
Debt Securities, Available-for-Sale, Total			$ 2,020
Amortized cost, held to maturity securities	3,000
Gross unrealized gains, held to maturity securities	0
Gross unrealized losses, held to maturity securities	(352)
Fair value, held to maturity securities	$ 2,648

Note 2 - Securities - Investmen

Note 2 - Securities - Investments in an Unrealized Loss Position That Were Temporarily Impaired (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Less than 12 months, fair value, available for sale securities	$ 61,012	$ 174,217
Less than 12 months, unrealized (loss), available for sale securities	(5,458)	(2,085)
12 months or more, fair value, available for sale securities	90,892	15,758
12 months or more, unrealized (loss), available for sale securities	(18,560)	(511)
Total, fair value, available for sale securities	151,904	189,975
Total, unrealized (loss), available for sale securities	(24,018)	(2,596)
Less than 12 months, fair value, held to maturity securities	88,617	6,410
Less than 12 months, fair value, held to maturity securities	(8,466)	(66)
12 months or more, fair value, held to maturity securities	53,181	0
12 months or more, unrealized (loss), available for sale securities	(2,895)	0
Total, fair value, held to maturity securities	141,798	6,410
Total, unrealized (loss), held to maturity securities	(11,361)	(66)
Less than 12 months, fair value	149,629	180,627
Less than 12 months, fair value,	(13,924)	(2,151)
12 months or more, fair value	144,073	15,758
12 months or more, unrealized (loss)	(21,455)	(511)
Total, fair value	293,702	196,385
Total, unrealized (loss)	(35,379)	(2,662)
US Treasury Securities [Member]
Less than 12 months, fair value, available for sale securities	9,041	29,656
Less than 12 months, unrealized (loss), available for sale securities	(932)	(250)
12 months or more, fair value, available for sale securities	2,188	0
12 months or more, unrealized (loss), available for sale securities	(307)	0
Total, fair value, available for sale securities	11,229	29,656
Total, unrealized (loss), available for sale securities	(1,239)	(250)
Less than 12 months, fair value, held to maturity securities	19,302
Less than 12 months, fair value, held to maturity securities	(258)
12 months or more, fair value, held to maturity securities	18,342
12 months or more, unrealized (loss), available for sale securities	(310)
Total, fair value, held to maturity securities	37,644
Total, unrealized (loss), held to maturity securities	(568)
US Agency and Mortgage-backed Securities [Member]
Less than 12 months, fair value, available for sale securities	27,282	109,950
Less than 12 months, unrealized (loss), available for sale securities	(1,945)	(1,335)
12 months or more, fair value, available for sale securities	62,342	14,749
12 months or more, unrealized (loss), available for sale securities	(11,204)	(502)
Total, fair value, available for sale securities	89,624	124,699
Total, unrealized (loss), available for sale securities	(13,149)	(1,837)
Less than 12 months, fair value, held to maturity securities	58,019	5,411
Less than 12 months, fair value, held to maturity securities	(6,848)	(53)
12 months or more, fair value, held to maturity securities	32,167	0
12 months or more, unrealized (loss), available for sale securities	(2,341)	0
Total, fair value, held to maturity securities	90,186	5,411
Total, unrealized (loss), held to maturity securities	(9,189)	(53)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value, available for sale securities	24,689	34,611
Less than 12 months, unrealized (loss), available for sale securities	(2,581)	(500)
12 months or more, fair value, available for sale securities	26,362	1,009
12 months or more, unrealized (loss), available for sale securities	(7,049)	(9)
Total, fair value, available for sale securities	51,051	35,620
Total, unrealized (loss), available for sale securities	(9,630)	(509)
Less than 12 months, fair value, held to maturity securities	8,648	999
Less than 12 months, fair value, held to maturity securities	(1,008)	(13)
12 months or more, fair value, held to maturity securities	2,672	0
12 months or more, unrealized (loss), available for sale securities	(244)	0
Total, fair value, held to maturity securities	11,320	999
Total, unrealized (loss), held to maturity securities	(1,252)	$ (13)
Corporate Debt Securities [Member]
Less than 12 months, fair value, held to maturity securities	2,648
Less than 12 months, fair value, held to maturity securities	(352)
12 months or more, fair value, held to maturity securities	0
12 months or more, unrealized (loss), available for sale securities	0
Total, fair value, held to maturity securities	2,648
Total, unrealized (loss), held to maturity securities	$ (352)

Note 2 - Securities - Amortized

Note 2 - Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Due within one year, amortized cost, available for sale securities	$ 0
Due within one year, fair value, available for sale securities	0
Due within one year, amortized cost, held to maturity securities	905
Due within one year, fair value, held to maturity securities	902
Due after one year through five years, amortized cost, available for sale securities	19,801
Due after one year through five years, fair value, available for sale securities	18,483
Due after one year through five years, amortized cost, held to maturity securities	44,441
Due after one year through five years, fair value, held to maturity securities	43,455
Due after five years through ten years, amortized cost, available for sale securities	39,909
Due after five years through ten years, fair value, available for sale securities	36,498
Due after five years through ten years, amortized cost, held to maturity securities	27,016
Due after five years through ten years, fair value, held to maturity securities	24,481
Due after ten years, amortized cost, available for sale securities	127,116
Due after ten years, fair value, available for sale securities	107,926
Due after ten years, amortized cost, held to maturity securities	80,796
Due after ten years, fair value, held to maturity securities	72,959
Amortized cost, available for sale securities	186,826	$ 82,200	$ 290,058
Fair value, available for sale securities	162,907	$ 74,400	289,495
Amortized cost, held to maturity securities	153,158
Securities, fair value	$ 141,797		$ 33,617

Note 2 - Securities - Compositi

Note 2 - Securities - Composition of Restricted Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank stock	$ 796	$ 701
Federal Reserve Bank stock	980	980
Community Bankers’ Bank stock	132	132
Total restricted securities	$ 1,908	$ 1,813

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount), Total	$ 3,200	$ 3,900
Consumer and Other Loans [Member] | Demand Deposit Overdrafts [Member]
Financing Receivable, before Allowance for Credit Loss, Total	$ 197	$ 175

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Loans	$ 920,523	$ 825,118
Allowance for loan losses	(7,446)	(5,710)	$ (7,485)
Loans, net	913,077	819,408
Commercial and Industrial Loans [Member]
Loans	111,225	99,805
Allowance for loan losses	(1,874)	(718)	(784)
Consumer and Other Loans [Member]
Loans	7,581	12,681
Allowance for loan losses	(309)	(340)	(417)
Construction and Land Development [Member] | Real Estate 1 [Member]
Loans	51,840	55,721
Allowance for loan losses	(546)	(345)	(306)
Secured by Multi-family Residential Properties [Member] | Real Estate 1 [Member]
Loans	331,421	291,990
Allowance for loan losses	(1,108)	(1,077)	(1,022)
Other Real Estate Loans [Member] | Real Estate 1 [Member]
Loans	418,456	364,921
Allowance for loan losses	$ (3,609)	(3,230)	$ (4,956)
Consumer and Other Loans [Member] | Consumer and Other Loans [Member]
Loans		$ 12,681

Note 3 - Loans - Summary of L_2

Note 3 - Loans - Summary of Loan Classes and an Aging of Past Due Loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans	$ 920,523	$ 825,118
Non-accrual loans	2,673	2,304
Accruing loans past due 90 days or more amounted	0	0
Financial Asset, 30 to 59 Days Past Due [Member]
Loans	1,314	3,009
Financial Asset, 60 to 89 Days Past Due [Member]
Loans	235	226
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	2,337	372
Financial Asset, Past Due [Member]
Loans	3,886	3,607
Financial Asset, Not Past Due [Member]
Loans	916,637	821,511
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	51,840	55,721
Non-accrual loans	1,045	0
Accruing loans past due 90 days or more amounted	0	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	115	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	20	115
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	1,045	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Past Due [Member]
Loans	1,180	115
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Not Past Due [Member]
Loans	50,660	55,606
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	331,421	291,990
Non-accrual loans	530	766
Accruing loans past due 90 days or more amounted	0	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	1,033	1,293
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	60	100
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	207	372
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Past Due [Member]
Loans	1,300	1,765
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Not Past Due [Member]
Loans	330,121	290,225
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	418,456	364,921
Non-accrual loans	13	29
Accruing loans past due 90 days or more amounted	0	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	109	186
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, Past Due [Member]
Loans	109	186
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	418,347	364,735
Commercial and Industrial Loans [Member]
Loans	111,225	99,805
Non-accrual loans	1,085	1,509
Accruing loans past due 90 days or more amounted	0	0
Commercial and Industrial Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	31	1,474
Commercial and Industrial Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	130	0
Commercial and Industrial Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	1,085	0
Commercial and Industrial Loans [Member] | Financial Asset, Past Due [Member]
Loans	1,246	1,474
Commercial and Industrial Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	109,979	98,331
Consumer and Other Loans [Member]
Loans	7,581	12,681
Non-accrual loans	0	0
Accruing loans past due 90 days or more amounted	0	0
Consumer and Other Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	26	56
Consumer and Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	25	11
Consumer and Other Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0	0
Consumer and Other Loans [Member] | Financial Asset, Past Due [Member]
Loans	51	67
Consumer and Other Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	$ 7,530	$ 12,614

Note 3 - Loans - Analysis of th

Note 3 - Loans - Analysis of the Credit Risk Profile of Each Loan Class (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans	$ 920,523	$ 825,118
Pass [Member]
Loans	915,590	821,418
Special Mention [Member]
Loans	1,959	1,081
Substandard [Member]
Loans	2,974	2,619
Doubtful [Member]
Loans	0	0
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	51,840	55,721
Real Estate 1 [Member] | Construction and Land Development [Member] | Pass [Member]
Loans	50,795	55,721
Real Estate 1 [Member] | Construction and Land Development [Member] | Special Mention [Member]
Loans	0	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Substandard [Member]
Loans	1,045	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Doubtful [Member]
Loans	0	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	331,421	291,990
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Pass [Member]
Loans	330,590	290,909
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Special Mention [Member]
Loans	0	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Substandard [Member]
Loans	831	1,081
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Doubtful [Member]
Loans	0	0
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	418,456	364,921
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Pass [Member]
Loans	416,559	364,892
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Special Mention [Member]
Loans	1,884	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Substandard [Member]
Loans	13	29
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Doubtful [Member]
Loans	0	0
Commercial and Industrial Loans [Member]
Loans	111,225	99,805
Commercial and Industrial Loans [Member] | Pass [Member]
Loans	110,065	97,215
Commercial and Industrial Loans [Member] | Special Mention [Member]
Loans	75	1,081
Commercial and Industrial Loans [Member] | Substandard [Member]
Loans	1,085	1,509
Commercial and Industrial Loans [Member] | Doubtful [Member]
Loans	0	0
Consumer and Other Loans [Member]
Loans	7,581	12,681
Consumer and Other Loans [Member] | Pass [Member]
Loans	7,581	12,681
Consumer and Other Loans [Member] | Special Mention [Member]
Loans	0	0
Consumer and Other Loans [Member] | Substandard [Member]
Loans	0	0
Consumer and Other Loans [Member] | Doubtful [Member]
Loans	$ 0	$ 0

Note 3 - Loans - Loans Acquired

Note 3 - Loans - Loans Acquired in Business Combinations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Outstanding principal balance	$ 920,523	$ 825,118
Carrying amount	913,077	819,408
Real Estate 1 [Member] | Construction and Land Development [Member]
Outstanding principal balance	51,840	55,721
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Outstanding principal balance	331,421	291,990
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Outstanding principal balance	418,456	364,921
Commercial and Industrial Loans [Member]
Outstanding principal balance	111,225	99,805
Consumer and Other Loans [Member]
Outstanding principal balance	7,581	12,681
Financial Asset Acquired and No Credit Deterioration [Member]
Outstanding principal balance	187,017	216,706
Carrying amount	184,480	213,039
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Construction and Land Development [Member]
Carrying amount	9,823	26,348
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Carrying amount	42,915	53,803
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Other Real Estate Loans [Member]
Carrying amount	103,521	90,908
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial and Industrial Loans [Member]
Carrying amount	24,661	36,968
Financial Asset Acquired and No Credit Deterioration [Member] | Consumer and Other Loans [Member]
Carrying amount	$ 3,560	$ 5,012

Note 4 - Allowance for Loan L_3

Note 4 - Allowance for Loan Losses (Details Textual) Pure in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Troubled Debt Restructuring	$ 101	$ 1,600
Financing Receivable, Modifications, Number of Contracts	0
Financing Receivable Non-accrual Loans Excluded from Impaired Loan Disclosure	$ 0	0
Loans and Leases Receivable, Impaired, Interest Lost on Nonaccrual Loans	$ 177	$ 155
Minimum [Member]
Financing Receivable, Modifications, Interest Only Payments, Period (Year)	6 years
Maximum [Member]
Financing Receivable, Modifications, Interest Only Payments, Period (Year)	24 years
TDR Loans [Member]
Financing Receivable, Allowance for Credit Loss, Period Increase (Decrease), Total	$ 55
Performing Financial Instruments [Member]
Financing Receivable, Troubled Debt Restructuring	$ 0

Note 4 - Allowance for Loan L_4

Note 4 - Allowance for Loan Losses - Allowance by Impairment Methodology and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Beginning balance	$ 5,710	$ 7,485
Charge-offs	(529)	(1,447)
Recoveries	415	322
Provision for (recovery of) loan losses	1,850	(650)
Ending balance	7,446	5,710
Individually evaluated for impairment, allowance	888	55
Collectively evaluated for impairment, allowance	6,558	5,655
Loans	920,523	825,118
Individually evaluated for impairment, loans	2,673	2,304
Collectively evaluated for impairment, loans	917,850	822,814
Real Estate 1 [Member] | Construction and Land Development [Member]
Beginning balance	345	306
Charge-offs	0	0
Recoveries	10	6
Provision for (recovery of) loan losses	191	33
Ending balance	546	345
Individually evaluated for impairment, allowance	0	0
Collectively evaluated for impairment, allowance	546	345
Loans	51,840	55,721
Individually evaluated for impairment, loans	1,045	0
Collectively evaluated for impairment, loans	50,795	55,721
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Beginning balance	1,077	1,022
Charge-offs	(6)	(15)
Recoveries	19	65
Provision for (recovery of) loan losses	18	5
Ending balance	1,108	1,077
Individually evaluated for impairment, allowance	0	0
Collectively evaluated for impairment, allowance	1,108	1,077
Loans	331,421	291,990
Individually evaluated for impairment, loans	530	765
Collectively evaluated for impairment, loans	330,891	291,225
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Beginning balance	3,230	4,956
Charge-offs	0	(992)
Recoveries	15	3
Provision for (recovery of) loan losses	364	(737)
Ending balance	3,609	3,230
Individually evaluated for impairment, allowance	0	0
Collectively evaluated for impairment, allowance	3,609	3,230
Loans	418,456	364,921
Individually evaluated for impairment, loans	13	30
Collectively evaluated for impairment, loans	418,443	364,891
Commercial and Industrial Loans [Member]
Beginning balance	718	784
Charge-offs	(32)	(6)
Recoveries	145	7
Provision for (recovery of) loan losses	1,043	(67)
Ending balance	1,874	718
Individually evaluated for impairment, allowance	888	55
Collectively evaluated for impairment, allowance	986	663
Loans	111,225	99,805
Individually evaluated for impairment, loans	1,085	1,509
Collectively evaluated for impairment, loans	110,140	98,296
Consumer and Other Loans [Member]
Beginning balance	340	417
Charge-offs	(491)	(434)
Recoveries	226	241
Provision for (recovery of) loan losses	234	116
Ending balance	309	340
Individually evaluated for impairment, allowance	0	0
Collectively evaluated for impairment, allowance	309	340
Loans	7,581	12,681
Individually evaluated for impairment, loans	0	0
Collectively evaluated for impairment, loans	$ 7,581	$ 12,681

Note 4 - Allowance for Loan L_5

Note 4 - Allowance for Loan Losses - Impaired Loans and Related Allowances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Impaired loans, unpaid principal balance	$ 4,202	$ 2,602
Impaired loans, recorded investment with no allowance	1,588	795
Impaired loans, recorded investment with allowance	1,085	1,509
Impaired loans, total recorded investment	2,673	2,304
Impaired loans, related allowance	888	55
Impaired loans, average recorded investment	1,282	4,517
Impaired loans, interest income recognized	126	9
Real Estate 1 [Member] | Construction and Land Development [Member]
Impaired loans, unpaid principal balance	2,412	0
Impaired loans, recorded investment with no allowance	1,045	0
Impaired loans, recorded investment with allowance	0	0
Impaired loans, total recorded investment	1,045	0
Impaired loans, related allowance	0	0
Impaired loans, average recorded investment	30	91
Impaired loans, interest income recognized	75	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Impaired loans, unpaid principal balance	680	889
Impaired loans, recorded investment with no allowance	530	765
Impaired loans, recorded investment with allowance	0	0
Impaired loans, total recorded investment	530	765
Impaired loans, related allowance	0	0
Impaired loans, average recorded investment	580	429
Impaired loans, interest income recognized	11	9
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Impaired loans, unpaid principal balance	26	40
Impaired loans, recorded investment with no allowance	13	30
Impaired loans, recorded investment with allowance	0	0
Impaired loans, total recorded investment	13	30
Impaired loans, related allowance	0	0
Impaired loans, average recorded investment	22	2,384
Impaired loans, interest income recognized	0	0
Commercial and Industrial Loans [Member]
Impaired loans, unpaid principal balance	1,084	1,673
Impaired loans, recorded investment with no allowance	0	0
Impaired loans, recorded investment with allowance	1,085	1,509
Impaired loans, total recorded investment	1,085	1,509
Impaired loans, related allowance	888	55
Impaired loans, average recorded investment	650	1,613
Impaired loans, interest income recognized	$ 40	$ 0

Note 5 - Other Real Estate Ow_3

Note 5 - Other Real Estate Owned (Details Textual) - USD ($) $ in Thousands		12 Months Ended
	Jul. 01, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Real Estate, Ending Balance		$ 184	$ 1,848	$ 0
Mortgage Loans in Process of Foreclosure, Amount		0
Other Real Estate, Additions		0	2,137
Other Real Estate Owned, Expenses		52	34
The Bank of Fincastle [Member]
Other Real Estate, Additions	$ 2,100
Residential Real Estate Properties [Member]
Other Real Estate, Ending Balance		$ 0	$ 0
Real Estate and Building Formerly Used as Bank Premises [Member] | The Bank of Fincastle [Member]
Other Real Estate, Additions	$ 1,800

Note 5 - Other Real Estate Ow_4

Note 5 - Other Real Estate Owned - Changes in Balance for OREO (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance at the beginning of year, net	$ 1,848	$ 0
Transfers from loans to other real estate owned	0	130
Transfers from property and equipment to other real estate owned	184	0
Acquired in merger	0	2,137
Sales proceeds	(2,011)	(288)
Gains (Losses) on Sales of Other Real Estate	176	8
Balance, gross	197	1,987
Less: valuation allowance	(13)	(139)
Balance at the end of period, net	$ 184	$ 1,848

Note 6 - Premises and Equipme_3

Note 6 - Premises and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Depreciation, Total	$ 1.5	$ 1.4

Note 6 - Premises and Equipme_4

Note 6 - Premises and Equipment - Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment, Gross	$ 34,302	$ 36,458
Less accumulated depreciation	12,426	14,055
Premises and equipment, net	21,876	22,403
Land [Member]
Property, Plant and Equipment, Gross	5,412	5,486
Building and Building Improvements [Member]
Property, Plant and Equipment, Gross	20,801	22,158
Furniture and Fixtures [Member]
Property, Plant and Equipment, Gross	8,081	8,814
Construction in Progress [Member]
Property, Plant and Equipment, Gross	$ 8	$ 0

Note 7 - Deposits (Details Text

Note 7 - Deposits (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Time Deposits, at or Above FDIC Insurance Limit	$ 18,800	$ 19,300
Brokered Deposits	$ 556	$ 660

Note 7 - Deposits - Scheduled M

Note 7 - Deposits - Scheduled Maturities of Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
2023	$ 73,486
2024	38,497
2025	12,377
2026	8,063
2027	4,426
Thereafter	0
Total time deposits	$ 136,849	$ 145,566

Note 8 - Other Borrowings (Deta

Note 8 - Other Borrowings (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Line of Credit Facility, Remaining Borrowing Capacity	$ 287,300	$ 240,400
Percentage of Assets, Maximum Borrowing Capacity from FHLB		19%
Loans and Leases Receivable, Gross	920,523	$ 825,118
Federal Home Loan Bank Stock	796	701
Advances from Federal Home Loan Banks, Total		0
Secured Line of Credit Through Federal Reserve Bank [Member] | Asset Pledged as Collateral [Member]
Loans and Leases Receivable, Gross	286,600	$ 205,800
Federal Home Loan Bank of Atlanta [Member]
Federal Home Loan Bank, Advances, General Debt Obligations, Maximum Amount Available	188,800
Unsecured Line of Credit [Member]
Line of Credit Facility, Remaining Borrowing Capacity	51,000
Secured Line of Credit Through Federal Reserve Bank [Member]
Line of Credit Facility, Remaining Borrowing Capacity	47,500
Line of Credit [Member] | Unsecured Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	5,000
Long-term Line of Credit, Total	$ 0
Debt Instrument, Basis Spread on Variable Rate	0.25%
Debt Instrument, Interest Rate Floor	3.50%

Note 9 - Subordinated Debt (Det

Note 9 - Subordinated Debt (Details Textual) - USD ($) $ in Thousands	Jun. 29, 2020	Dec. 31, 2022	Dec. 31, 2021	Oct. 30, 2015
Subordinated Loan Agreement Note [Member]
Debt Instrument, Face Amount				$ 5,000
Debt Instrument, Interest Rate, Stated Percentage				6.75%
Subordinated Term Note Due 2030 [Member]
Debt Instrument, Face Amount	$ 5,000
Debt Instrument, Interest Rate, Stated Percentage	5.50%
Debt Issuance Costs, Net, Total		$ 5	$ 7
Subordinated Term Note Due 2030 [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	5.10%

Note 10 - Junior Subordinated_2

Note 10 - Junior Subordinated Debt (Details Textual) - USD ($) $ in Millions	Jul. 31, 2006	Jun. 17, 2004	Dec. 31, 2022	Dec. 31, 2021
First National (VA) Statutory Trust II [Member]
Proceeds from Issuance of Trust Preferred Securities		$ 5
Debt Instrument, Interest Rate, Effective Percentage			7.34%	2.82%
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total				$ 5.2
First National (VA) Statutory Trust III [Member]
Proceeds from Issuance of Trust Preferred Securities	$ 4
Debt Instrument, Interest Rate, Effective Percentage			5.34%	1.81%
Junior Subordinated Debenture Owed to Unconsolidated Subsidiary Trust, Total				$ 4.1

Note 11 - Income Taxes - Net De

Note 11 - Income Taxes - Net Deferred Tax Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses	$ 1,564	$ 1,199
Acquisition accounting adjustments, net	570	822
Post-retirement benefits	188	156
Core deposit intangible	270	309
Unvested stock-based compensation	81	45
Reserve for letter of credit losses	88	66
Limited partnership investments	39	8
Lease liability	113	60
Housing tax credit	0	24
Unrealized loss on securities available for sale	6,536	118
NOL carryover - acquired from Fincastle	1,434	1,548
Loan origination fees, net	176	183
Total deferred tax assets	11,059	4,538
Depreciation	701	750
Right of use asset	112	61
Housing equity fund	0	12
Other real estate owned	29	158
Cash flow hedges	563	198
Total deferred tax liabilities	1,405	1,179
Net deferred tax assets	$ 9,654	$ 3,359

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Current tax expense	$ 4,193	$ 4,268
Deferred income tax benefit	(241)	(1,682)
Income Tax Expense (Benefit), Total	$ 3,952	$ 2,586

Note 11 - Income Taxes - Inco_2

Note 11 - Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Computed tax expense at statutory federal rate	$ 4,357	$ 2,718
Merger expenses	0	165
Other	8	28
Tax-exempt interest and dividend income	(252)	(214)
Income from bank owned life insurance	(161)	(111)
Income Tax Expense (Benefit), Total	$ 3,952	$ 2,586

Note 12 - Funds Restrictions _2

Note 12 - Funds Restrictions and Reserve Balance (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Aggregate Amount of Unrestricted Funds Transferred from Bank	$ 20,800
Aggregate Amount of Daily Average Deposit		$ 0

Note 13 - Benefit Plans (Detail

Note 13 - Benefit Plans (Details Textual) $ in Thousands		12 Months Ended
	Mar. 15, 2019	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Defined Contribution Plan, Employer Matching Contribution, Percent of Match		1%
Defined Contribution Plan, Employer Matching Contribution for Employee's Contribution Between Two and Six Percent, Percent of Match		50%
Defined Contribution Plan, Service Hours Required by Eligible Employees to Receive Additional Contributions		1,000
Defined Contribution Plan, Minimum Age for Eligibility (Year)			19 years
Defined Contribution Plan, Employer Matching Contribution, Vesting Period (Year)		2 years
The 401(k) Plan [Member]
Defined Contribution Plan, Cost		$ 1,200	$ 965
Supplemental Employee Retirement Plan [Member]
Defined Contribution Plan, Cost		151	264
Defined Contribution Plan, Number of Employees	3
Defined Contribution Plan, Retirement Benefits Payable, Number of Monthly Payments	180
Liability, Retirement and Postemployment Benefits, Total		$ 894	$ 745
Minimum [Member]
Defined Contribution Plan, Stated Percentage of Employees Contribution		2%
Maximum [Member]
Defined Contribution Plan, Stated Percentage of Employees Contribution		6%

Note 14 - Earnings Per Common_3

Note 14 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 16,797	$ 10,359
Weighted average shares outstanding – basic (in shares)	6,252,369	5,550,589
Potentially dilutive common shares – restricted stock units (in shares)	6,988	8,492
Weighted average shares outstanding – diluted (in shares)	6,259,357	5,559,081
Basic (in dollars per share)	$ 2.69	$ 1.87
Diluted (in dollars per share)	$ 2.68	$ 1.86

Note 15 - Commitments and Unf_3

Note 15 - Commitments and Unfunded Credits (Details Textual) $ in Thousands	Dec. 31, 2022 USD ($)
Amount of Locked Rate Commitments for Mortgage Loans	$ 998
Access Deposit in Other Commercial Banks	$ 1,800

Note 15 - Commitments and Unf_4

Note 15 - Commitments and Unfunded Credits - Financial Instruments Representing Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments to Extend Credit [Member]
Contract amounts represent credit risk	$ 158,297	$ 161,428
Standby Letters of Credit [Member]
Contract amounts represent credit risk	$ 17,950	$ 18,904

Note 16 - Transactions with R_2

Note 16 - Transactions with Related Parties (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans and Leases Receivable, Related Parties, Ending Balance	$ 1,100	$ 1,600
Loans and Leases Receivable, Related Parties, Additions	11
Loans and Leases Receivable, Related Parties, Proceeds	530
Deposit Related Party	$ 27,500	$ 17,300

Note 17 - Lease Commitments (De

Note 17 - Lease Commitments (Details Textual)	Dec. 31, 2022
Number of Leases	8
Leases With Option to Extend the Lease [Member]
Number of Leases	6

Note 17 - Lease Commitments - O

Note 17 - Lease Commitments - Operating Lease Right-of-use Asset and Operating Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Assets [Member]
Operating lease right-of-use asset	$ 535	$ 290
Accrued Interest Payable and Other Liabilities [Member]
Operating lease liability	$ 537	$ 284

Note 17 - Lease Commitments - S

Note 17 - Lease Commitments - Schedule of Lease Cost and Additional Information Related to Operating Leases (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Weighted average remaining lease term, in years (Year)		2 years 6 months	2 years 9 months 18 days
Weighted average discount rate		3.51%	2.65%
Operating lease expense		$ 247	$ 154
Short-term lease expense		33	14
Total lease expense (1)	[1]	280	168
Cash paid for amounts included in lease liability		249	156
Right of use assets obtained in exchange for operating lease liabilities commencing during the period		$ 491	$ 92
[1]Included in occupancy expense in the Company's consolidated statements of income.

Note 17 - Lease Commitments -_2

Note 17 - Lease Commitments - Schedule of Undiscounted Cash Flows that Contribute to the Operating Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Twelve months ending December 31, 2023	$ 239
Twelve months ending December 31, 2024	215
Twelve months ending December 31, 2025	92
Twelve months ending December 31, 2026	13
Twelve months ending December 31, 2027	0
Total undiscounted cash flows	559
Less: discount	(22)
Accrued Interest Payable and Other Liabilities [Member]
Operating lease liability	$ 537	$ 284

Note 18 - Dividend Reinvestme_2

Note 18 - Dividend Reinvestment Plan (Details Textual) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Quoted Prices Preceding Dividend Payment Date Period (Day)			10 days
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares)	10,384	7,861

Note 19 - Fair Value Measurem_3

Note 19 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loans Held for Sale [Member] | Fair Value, Nonrecurring [Member]
Assets, Fair Value Adjustment	$ 0	$ 0

Note 19 - Fair Value Measurem_4

Note 19 - Fair Value Measurements - Balances of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Fair value, available for sale securities	$ 162,907	$ 74,400	$ 289,495
Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0
Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	0
Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	0
Fair Value, Recurring [Member]
Fair value, available for sale securities	162,907		289,495
Derivatives - cash flow hedges	2,679		941
Assets, Fair Value	165,586		290,436
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0		0
Derivatives - cash flow hedges	0		0
Assets, Fair Value	0		0
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	162,907		289,495
Derivatives - cash flow hedges	2,679		941
Assets, Fair Value	165,586		290,436
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	0		0
Derivatives - cash flow hedges	0		0
Assets, Fair Value	0		0
US Treasury Securities [Member]
Fair value, available for sale securities	11,229		39,658
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities	11,229		39,658
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0		0
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	11,229		39,658
US Treasury Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	0		0
US Agency and Mortgage-backed Securities [Member]
Fair value, available for sale securities	96,918		176,379
US Agency and Mortgage-backed Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities	96,918		176,379
US Agency and Mortgage-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0		0
US Agency and Mortgage-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	96,918		176,379
US Agency and Mortgage-backed Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	0		0
Municipal Bonds [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities	54,760		71,438
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0		0
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	54,760		71,438
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	$ 0		0
Corporate Debt Securities [Member]
Fair value, available for sale securities			2,020
Corporate Debt Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities			2,020
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities			0
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities			2,020
Corporate Debt Securities [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities			$ 0

Note 19 - Fair Value Measurem_5

Note 19 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Real Estate Owned [Member]
Assets, Fair Value	$ 184
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	0
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	0
Other Real Estate Owned [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	184
Impaired Loans [Member]
Assets, Fair Value	197	$ 1,454
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	0	0
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	0	0
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	$ 197	$ 1,454

Note 19 - Fair Value Measurem_6

Note 19 - Fair Value Measurements - Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Nonrecurring [Member] $ in Thousands		Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Other Real Estate Owned [Member]
Assets, Fair Value		$ 184
Impaired Loans [Member]
Assets, Fair Value		$ 197	$ 1,454
Fair Value, Inputs, Level 3 [Member]
Impaired loans, net		197
Fair Value, Inputs, Level 3 [Member] | Measurement Input, Cost to Sell [Member]
Other real estate owned	[1]	0.1000
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Assets, Fair Value		$ 184
Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member] | Valuation Technique, Property Appraisals [Member]
Assets, Fair Value		184
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Assets, Fair Value		$ 197	$ 1,454
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Measurement Input, Cost to Sell [Member]
Impaired loans, net		6.50	0.0650	[1]
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member] | Valuation Technique, Property Appraisals [Member]
Assets, Fair Value			$ 1,454
[1]Unobservable inputs were weighted by the relative fair value of the instruments.

Note 19 - Fair Value Measurem_7

Note 19 - Fair Value Measurements - Carrying Values and Estimated Values of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Fair value, available for sale securities	$ 162,907	$ 74,400	$ 289,495
Securities held to maturity	153,158
Restricted securities	1,908		1,813
Bank owned life insurance	24,531		24,294
Fair Value, Inputs, Level 1 [Member]
Fair value, available for sale securities	0
Fair Value, Inputs, Level 2 [Member]
Fair value, available for sale securities	0
Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	0
Reported Value Measurement [Member]
Cash and short-term investments	66,914		176,006
Fair value, available for sale securities	162,907		289,495
Securities held to maturity	153,158		33,441
Restricted securities	1,908		1,813
Loans, net	913,077		819,408
Bank owned life insurance	24,531		24,294
Accrued interest receivable	4,543		3,903
Derivatives - cash flow hedges	2,679		941
Deposits	1,241,332		1,248,752
Subordinated debt	4,995		9,993
Junior subordinated debt	9,279		9,279
Accrued interest payable	163		152
Estimate of Fair Value Measurement [Member]
Cash and short-term investments	66,914		176,006
Fair value, available for sale securities	162,907		289,495
Securities held to maturity	141,797		33,617
Restricted securities	1,908		1,813
Loans, net	880,473		827,248
Bank owned life insurance	24,531		24,294
Accrued interest receivable	4,543		3,903
Derivatives - cash flow hedges	2,679		941
Deposits	1,235,787		1,248,287
Subordinated debt	5,267		8,932
Junior subordinated debt	6,067		8,145
Accrued interest payable	163		152
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and short-term investments	66,914		176,006
Fair value, available for sale securities	0		0
Securities held to maturity	0		0
Restricted securities	0		0
Loans, net	0		0
Bank owned life insurance	0		0
Accrued interest receivable	0		0
Derivatives - cash flow hedges	0		0
Deposits	0		0
Subordinated debt	0		0
Junior subordinated debt	0		0
Accrued interest payable	0		0
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member]
Cash and short-term investments	0		0
Fair value, available for sale securities	162,907		289,495
Securities held to maturity	141,797		33,617
Restricted securities	1,908		1,813
Loans, net	0		0
Bank owned life insurance	24,531		24,294
Accrued interest receivable	4,543		3,903
Derivatives - cash flow hedges	2,679		941
Deposits	1,104,483		1,103,186
Subordinated debt	0		0
Junior subordinated debt	0		0
Accrued interest payable	163		152
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and short-term investments	0		0
Fair value, available for sale securities	0		0
Securities held to maturity	0		0
Restricted securities	0		0
Loans, net	880,473		827,248
Bank owned life insurance	0		0
Accrued interest receivable	0		0
Derivatives - cash flow hedges	0		0
Deposits	131,304		145,101
Subordinated debt	5,267		8,932
Junior subordinated debt	6,067		8,145
Accrued interest payable	$ 0		$ 0

Note 20 - Regulatory Matters (D

Note 20 - Regulatory Matters (Details Textual)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Banking Regulation, Capital Conservation Buffer, Capital Conserved, Minimum	0.0250	0.0250
Capital Conservation Buffer Percentage, Maintained at Bank	6.60%	6.76%

Note 20 - Regulatory Matters -

Note 20 - Regulatory Matters - Comparison of Capital of Company and Bank with Minimum Regulatory Guidelines (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Capital (to Risk-Weighted Assets), actual amount	$ 139,549	$ 125,934
Total Capital (to Risk-Weighted Assets), actual ratio	0.1460	0.1476
Total Capital (to Risk-Weighted Assets), minimum capital requirement amount	$ 76,462	$ 68,237
Total Capital (to Risk-Weighted Assets), minimum capital requirement ratio	0.0800	0.0800
Total Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, amount	$ 95,578	$ 85,296
Total Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, ratio	0.1000	0.1000
Tier 1 Capital (to Risk-Weighted Assets), actual amount	$ 132,103	$ 120,224
Tier 1 Capital (to Risk-Weighted Assets), actual ratio	0.1382	0.1409
Tier 1 Capital (to Risk-Weighted Assets), minimum capital requirement amount	$ 57,347	$ 51,178
Tier 1 Capital (to Risk-Weighted Assets), minimum capital requirement ratio	0.0600	0.0600
Tier 1 Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, amount	$ 76,462	$ 68,237
Tier 1 Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, ratio	0.0800	0.0800
Common Equity Tier 1 Capital (to Risk-Weighted Assets), actual amount	$ 132,103	$ 120,224
Common Equity Tier 1 Capital (to Risk-Weighted Assets), actual ratio	0.1382	0.1409
Common Equity Tier 1 Capital (to Risk-Weighted Assets), minimum capital requirement amount	$ 43,010	$ 38,383
Common Equity Tier 1 Capital (to Risk-Weighted Assets), minimum capital requirement ratio	4.50%	4.50%
Common Equity Tier 1 Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, amount	$ 62,126	$ 55,442
Common Equity Tier 1 Capital (to Risk-Weighted Assets), minimum to be well capitalized under prompt corrective action provisions, ratio	6.50%	6.50%
Tier 1 Capital (to Average Assets), actual amount	$ 132,103	$ 120,224
Tier 1 Capital (to Average Assets), actual ratio	0.0936	0.0882
Tier 1 Capital (to Average Assets), minimum capital requirement amount	$ 55,228	$ 54,497
Tier 1 Capital (to Average Assets), minimum capital requirement ratio	0.0400	0.0400
Tier 1 Capital (to Average Assets), minimum to be well capitalized under prompt corrective action provisions, amount	$ 69,035	$ 68,121
Tier 1 Capital (to Average Assets), minimum to be well capitalized under prompt corrective action provisions, ratio	0.0500	0.0500

Note 21 - Accumulated Other C_3

Note 21 - Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance	$ 117,039	$ 84,916
Reclassification adjustment for losses (gains) included in net income, net of tax $421 and ($8), respectively	1,583	(29)
Change in fair value	1,373	403
Total other comprehensive loss	(22,769)	(3,100)
Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($1,513))	(6,160)	0
Change in fair value of cash flow hedges, net of tax $365 and $107, respectively	1,373	403
Balance	108,360	117,039
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	(445)	3,058
Unrealized holding losses (net of tax, ($923))	(20,033)	(3,474)
Reclassification adjustment for losses (gains) included in net income, net of tax $421 and ($8), respectively	1,583	(29)
Change in fair value	0	0
Total other comprehensive loss	(24,142)	(3,503)
Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($1,513))	(5,692)
Change in fair value of cash flow hedges, net of tax $365 and $107, respectively	0	0
Balance	(24,587)	(445)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	743	340
Unrealized holding losses (net of tax, ($923))	0	0
Reclassification adjustment for losses (gains) included in net income, net of tax $421 and ($8), respectively	0	0
Change in fair value	1,373	403
Total other comprehensive loss	1,373	403
Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($1,513))	0
Change in fair value of cash flow hedges, net of tax $365 and $107, respectively	1,373	403
Balance	2,116	743
AOCI Attributable to Parent [Member]
Balance	298	3,398
Unrealized holding losses (net of tax, ($923))	(20,033)	(3,474)
Reclassification adjustment for losses (gains) included in net income, net of tax $421 and ($8), respectively	1,583	(29)
Change in fair value	1,373	403
Total other comprehensive loss	(22,769)	(3,100)
Unrealized holding losses on securities transferred from available for sale to held to maturity (net of tax ($1,513))	(5,692)
Change in fair value of cash flow hedges, net of tax $365 and $107, respectively	1,373	403
Balance	$ (22,471)	$ 298

Note 21 - Accumulated Other C_4

Note 21 - Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reclassification adjustment for losses included in net income, tax	$ 421,000	$ (8,000)
Change in fair value of cash flow hedges, tax	365,000	107,000
Unrealized holding losses on securities transferred from available for sale to held to maturity, tax	(1,638,000)	0
Change in fair value of cash flow hedges, tax	365,000	107,000
AOCI Attributable to Parent [Member]
Unrealized holding gains, tax	(5,327,000)	(923,000)
Reclassification adjustment for losses included in net income, tax	421,000	(8,000)
Change in fair value of cash flow hedges, tax	365,000	107,000
Unrealized holding losses on securities transferred from available for sale to held to maturity, tax	(1,513)
Change in fair value of cash flow hedges, tax	$ 365,000	$ 107,000

Note 21 - Accumulated Other C_5

Note 21 - Accumulated Other Comprehensive Income (Loss) - Reclassifications from Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allocated income tax benefit	$ 3,952	$ 2,586
Net income	16,797	10,359
Reclassification out of Accumulated Other Comprehensive Income [Member]
Net securities losses (gains) reclassified into earnings	2,004	(37)
Allocated income tax benefit	(421)	8
Net income	$ 1,583	$ (29)

Note 22 - Stock Compensation _3

Note 22 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	May 13, 2014
Board of Directors [Member]
Share-Based Payment Arrangement, Expense		$ 481	$ 127
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	10,110	10,110
Share-Based Payment Arrangement, Expense		$ 304	$ 226
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 310
Restricted Stock Units (RSUs) [Member] | Vesting Immediately [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	3,375
Restricted Stock Units (RSUs) [Member] | Vesting After One Year [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	3,370
Restricted Stock Units (RSUs) [Member] | Vesting After Two Years [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	3,365
Board of Directors [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		7,500
Employee Stock Ownership Plan [Member] | Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)		27,134
First National Corporation 2014 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)				240,000

Note 22 - Stock Compensation _4

Note 22 - Stock Compensation Plans - Summary of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2022
Unvested, Balance (in shares)	30,781	30,781
Unvested, weighted average grant date fair value, balance (in dollars per share)	$ 19.79	$ 19.79
Granted, shares (in shares)	10,110	10,110
Granted, weighted average grant date fair value (in dollars per share)		$ 22.19
Vested, shares (in shares)		(11,643)
Vested, weighted average grant date fair value (in dollars per share)		$ 20.58
Forfeited, shares (in shares)		(67)
Forfeited, weighted average grant date fair value (in dollars per share)		$ 0
Unvested, Balance (in shares)		29,181
Unvested, weighted average grant date fair value, balance (in dollars per share)		$ 20.31

Note 23 - Revenue Recognition_2

Note 23 - Revenue Recognition (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Gains (Losses) on Sales of Other Real Estate	$ 176	$ 8

Note 23 - Revenue Recognition -

Note 23 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Noninterest income	$ 10,069	$ 9,019
Noninterest income (out-of-scope of Topic 606)	2,552	1,168
Total noninterest income	12,621	10,187
Service Charges on Deposit Accounts [Member]
Noninterest income	2,677	2,061
ATM and Check Card Fees [Member]
Noninterest income	3,300	2,930
Wealth Management Fees [Member]
Noninterest income	3,008	2,712
Mortgage Banking [Member]
Noninterest income	245	539
Fees for Other Customer Services [Member]
Noninterest income	$ 839	$ 777

Note 24 - Derivative Financia_3

Note 24 - Derivative Financial Instruments (Details Textual) $ in Millions	Apr. 21, 2020 USD ($)
Interest Rate Swap [Member]
Derivative, Number of Instruments Held, Total	2
Interest Rate Swap One [Member]
Derivative, Notional Amount	$ 5
Derivative, Fixed Interest Rate	0.79%
Interest Rate Swap Two [Member]
Derivative, Notional Amount	$ 4
Derivative, Fixed Interest Rate	0.82%

Note 24 - Derivative Financia_4

Note 24 - Derivative Financial Instruments - Derivative Instruments Components (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Notional amount		$ 9,000	$ 9,000
Derivative Assets		2,679	941
Derivative liabilities		0	0
Interest rate swap contracts	[1]	$ 0	$ 0
[1]Collateral pledged may be comprised of cash or securities.

Note 25 - Acquisitions (Details

Note 25 - Acquisitions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands				6 Months Ended		12 Months Ended
	Sep. 30, 2021	Jul. 01, 2021	Jun. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Business Combination, Consideration Transferred, Total						$ 117,566
Payments to Acquire Businesses, Gross						90,497
Assets, Total					$ 1,389,437	1,369,383	$ 1,389,437
Loans and Leases Receivable, Net Amount, Total					819,408	913,077	819,408
Deposits, Total					1,248,752	1,241,332	1,248,752
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total						352,449
Business Acquisition, Pro Forma Net Income (Loss)						$ 9,826	$ 7,660
Business Acquisition, Pro Forma Earnings Per Share, Basic (in dollars per share)						$ 1.77	$ 1.57
The Bank of Fincastle [Member]
Assets, Total			$ 267,900
Loans and Leases Receivable, Net Amount, Total			194,500
Deposits, Total			236,300
Smartbank [Member]
Legal Fees			$ 629
The Bank of Fincastle [Member]
Business Combination, Consideration Transferred, Total		$ 33,821
Payments to Acquire Businesses, Gross		$ 6,752
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)		1,348,065
Business Combination, Acquisition Related Costs				$ 69		$ 3,400	$ 3,400
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total		$ 270,497
Smartbank [Member]
Business Combination, Consideration Transferred, Total	$ 83,745
Payments to Acquire Businesses, Gross	83,745
Business Combination, Acquisition Related Costs	101,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets, Total	$ 81,952
Smartbank [Member] | Merger Related Expenses, Net of Tax [Member]
Business Acquisition, Pro Forma Net Income (Loss)							$ 3,400
Business Acquisition, Pro Forma Earnings Per Share, Basic (in dollars per share)							$ 0.61
Fincastle and SmartBank [Member]
Business Combination, Acquisition Related Costs				$ 69	$ 3,500

Note 25 - Acquisitions - Consid

Note 25 - Acquisitions - Consideration Paid and the Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands			12 Months Ended
	Sep. 30, 2021	Jul. 01, 2021	Dec. 31, 2022	Dec. 31, 2021
Cash paid			$ 90,497
Common stock issued			27,069
Total purchase price			117,566
Cash and due from banks			46,158
Federal funds sold			120
Securities, AFS, at fair value			12,112
Restricted securities			183
Loans, net of ALLL			276,254
Bank premises and equipment			3,643
Accrued interest receivable			1,731
OREO			2,137
BOLI			5,852
Other assets			4,259
Total identifiable assets acquired			352,449
Demand deposits & savings accounts			184,535
Time deposits			52,246
Accrued expenses and other liabilities			1,132
Total identifiable liabilities assumed			237,913
Net identifiable assets acquired at fair value			114,536
Goodwill resulting from acquisitions			$ 3,030	$ 3,030
The Bank of Fincastle [Member]
Cash paid		$ 6,752
Common stock issued		27,069
Total purchase price		33,821
Cash and due from banks		46,158
Federal funds sold		120
Securities, AFS, at fair value		12,112
Restricted securities		183
Loans, net of ALLL		194,617
Bank premises and equipment		3,471
Accrued interest receivable		1,588
OREO		2,137
BOLI		5,852
Other assets		4,259
Total identifiable assets acquired		270,497
Demand deposits & savings accounts		184,535
Time deposits		52,246
Accrued expenses and other liabilities		1,132
Total identifiable liabilities assumed		237,913
Net identifiable assets acquired at fair value		32,584
Goodwill resulting from acquisitions		$ 1,237
Smartbank [Member]
Cash paid	$ 83,745
Common stock issued	0
Total purchase price	83,745
Cash and due from banks	0
Federal funds sold	0
Securities, AFS, at fair value	0
Restricted securities	0
Loans, net of ALLL	81,637
Bank premises and equipment	172
Accrued interest receivable	143
OREO	0
BOLI	0
Other assets	0
Total identifiable assets acquired	81,952
Demand deposits & savings accounts	0
Time deposits	0
Accrued expenses and other liabilities	0
Total identifiable liabilities assumed	0
Net identifiable assets acquired at fair value	81,952
Goodwill resulting from acquisitions	$ 1,793

Note 25 - Acquisitions - Unaudi

Note 25 - Acquisitions - Unaudited Pro Forma Amounts (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Total revenues (net interest income plus noninterest income)	$ 42,116	$ 43,234
Net income	$ 9,826	$ 7,660
Net income per share, basic (in dollars per share)	$ 1.77	$ 1.57
Net income per share, diluted (in dollars per share)	$ 1.77	$ 1.57

Note 27 - Parent Company Only_3

Note 27 - Parent Company Only Financial Statements - Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash	$ 20,784	$ 18,725
Other assets	17,119	13,642
Total assets	1,369,383	1,389,437
Subordinated debt	4,995	9,993
Junior subordinated debt	9,279	9,279
Total liabilities	1,261,023	1,272,398
Preferred stock	0	0
Common stock	7,831	7,785
Surplus	32,716	31,966
Retained earnings	90,284	76,990
Accumulated other comprehensive (loss) income, net	(22,471)	298
Total shareholders’ equity	108,360	117,039	$ 84,916
Total liabilities and shareholders’ equity	1,369,383	1,389,437
Parent Company [Member]
Cash	9,501	7,303
Investment in subsidiaries, at cost, plus undistributed net income	110,682	122,964
Other assets	3,024	6,256
Total assets	123,207	136,523
Subordinated debt	4,995	9,993
Junior subordinated debt	9,279	9,279
Other liabilities	573	212
Total liabilities	14,847	19,484
Preferred stock	0	0
Common stock	7,831	7,785
Surplus	32,716	31,966
Retained earnings	90,284	76,990
Accumulated other comprehensive (loss) income, net	(22,471)	298
Total shareholders’ equity	108,360	117,039
Total liabilities and shareholders’ equity	$ 123,207	$ 136,523

Note 27 - Parent Company Only_4

Note 27 - Parent Company Only Financial Statements - Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest expense	$ 3,820	$ 2,304
Supplies	528	509
Legal and professional fees	1,414	2,537
Data processing	989	2,156
Allocated income tax benefit	3,952	2,586
Net income	16,797	10,359
Parent Company [Member]
Dividends from subsidiary	6,000	6,000
Total income	6,000	6,000
Interest expense	547	889
Supplies	5	56
Legal and professional fees	209	107
Data processing	47	29
Management fee-subsidiary	469	305
Other expense	70	104
Total expense	1,347	1,490
Income before allocated tax benefits and undistributed income of subsidiary	4,653	4,510
Allocated income tax benefit	283	312
Income before equity in undistributed income of subsidiary	4,936	4,822
Equity in undistributed income of subsidiary	11,861	5,537
Net income	$ 16,797	$ 10,359

Note 27 - Parent Company Only_5

Note 27 - Parent Company Only Financial Statements - Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net income	$ 16,797	$ 10,359
Stock-based compensation	785	354
Amortization of debt issuance costs	2	2
Decrease (increase) in other assets	(4,918)	1,714
(Decrease) increase in other liabilities	677	(1,043)
Net cash provided by operating activities	26,772	7,868
Net cash used in investing activities	(120,140)	(126,304)
Cash dividends paid on common stock, net of reinvestment	3,308	2,505
Repurchase of common stock	0	0
Net cash (used in) financing activities	(15,724)	167,145
Increase (decrease) in cash and cash equivalents	(109,092)	48,709
Beginning	176,006	127,297
Ending	66,914	176,006
Parent Company [Member]
Net income	16,797	10,359
Equity in undistributed income of subsidiary	11,861	5,537
Stock-based compensation	785	354
Amortization of debt issuance costs	2	2
Decrease (increase) in other assets	(4,969)	5,020
(Decrease) increase in other liabilities	(3)	1
Net cash provided by operating activities	10,689	159
Net cash used in investing activities	0	(6,752)
Redemption of subordinated debt, net of issuance costs	(5,000)	0
Cash dividends paid on common stock, net of reinvestment	3,308	2,505
Repurchase of common stock	183	39
Net cash (used in) financing activities	(8,491)	(2,544)
Increase (decrease) in cash and cash equivalents	2,198	(9,137)
Beginning	7,303	16,440
Ending	9,501	7,303
Parent Company [Member] | Fincastle and SmartBank [Member]
Net cash paid in acquisition of The Bank of Fincastle	$ 0	$ (6,752)