First National (FXNC) 10-Q 14 May 24 2024 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2024	May 03, 2024
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	Q1
Document Fiscal Year Focus	2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,277,373

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 14,476	$ 17,194
Interest-bearing deposits in banks	124,233	69,967
Securities available for sale, at fair value	147,675	152,857
Securities held to maturity, at amortized cost (net of allowance for credit losses of $116 at March 31, 2024)	125,825	148,244
Restricted securities, at cost	2,112	2,078
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	960,371	957,456
Premises and equipment, net	21,993	22,142
Accrued interest receivable	4,978	4,655
Bank owned life insurance	24,652	24,902
Goodwill	3,030	3,030
Core deposit intangibles, net	113	117
Other assets	17,737	16,653
Total assets	1,447,195	1,419,295
Liabilities
Noninterest-bearing demand deposits	384,092	379,208
Savings and interest-bearing demand deposits	677,458	662,169
Time deposits	197,587	192,349
Total deposits	1,259,137	1,233,726
Other borrowings	50,000	50,000
Subordinated debt, net of issuance cost	4,998	4,997
Junior subordinated debt	9,279	9,279
Accrued interest payable and other liabilities	5,965	5,022
Total liabilities	1,329,379	1,303,024
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, 2024, 6,277,373 shares; 2023, 6,263,102 shares	7,847	7,829
Surplus	33,021	32,950
Retained earnings	96,465	94,198
Accumulated other comprehensive loss, net	(19,517)	(18,706)
Total shareholders’ equity	117,816	116,271
Total liabilities and shareholders’ equity	$ 1,447,195	$ 1,419,295

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Held-to-Maturity, Allowance for Credit Loss	$ 116	$ 107
Allowance for Credit Loss	$ 12,603	$ 11,974
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)	6,277,373	6,263,102
Common stock, shares outstanding (in shares)	6,277,373	6,263,102

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest and Dividend Income
Interest and fees on loans	$ 13,484	$ 11,512
Interest on deposits in banks	1,288	344
Interest and dividends on securities:
Taxable interest	1,224	1,339
Tax-exempt interest	305	306
Dividends	33	27
Total interest and dividend income	16,334	13,528
Interest Expense
Interest on deposits	4,771	2,216
Interest on subordinated debt	69	69
Interest on junior subordinated debt	68	67
Interest on other borrowings	576	0
Total interest expense	5,484	2,352
Net interest income	10,850	11,176
Provision for credit losses	1,000	0
Net interest income after provision for credit losses	9,850	11,176
Noninterest Income
Noninterest income	2,540	2,418
Income from bank owned life insurance	151	149
Other operating income	1,356	211
Total noninterest income	4,047	2,778
Noninterest Expense
Salaries and employee benefits	5,871	5,346
Occupancy	535	528
Equipment	591	587
Marketing	195	268
Supplies	116	148
Legal and professional fees	452	343
ATM and check card expense	361	400
FDIC assessment	177	106
Bank franchise tax	262	254
Data processing expense	246	202
Amortization expense	4	5
Other real estate owned expense, net	0	3
Net losses on disposal of premises and equipment	49	(2)
Other operating expense	1,028	1,010
Total noninterest expense	9,887	9,200
Income before income taxes	4,010	4,754
Income tax expense	801	905
Net income	$ 3,209	$ 3,849
Earnings per common share
Basic (in dollars per share)	$ 0.51	$ 0.61
Diluted (in dollars per share)	$ 0.51	$ 0.61
Deposit Account [Member]
Noninterest Income
Noninterest income	$ 654	$ 646
Credit and Debit Card [Member]
Noninterest Income
Noninterest income	770	800
Asset Management [Member]
Noninterest Income
Noninterest income	883	776
Financial Service, Other [Member]
Noninterest Income
Noninterest income	195	196
Mortgage Banking [Member]
Noninterest Income
Noninterest income	$ 38	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 3,209	$ 3,849
Other comprehensive (loss) income, net of tax,
Unrealized holding gains (losses) on available for sale securities, net of tax of ($332) and $576 for the three months ended March 31, 2024 and 2023, respectively	(1,246)	2,162
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity, net of tax of $77 and $84 for the three months ended March 31, 2024 and 2023, respectively	290	316
Change in fair value of cash flow hedges, net of tax $39 and ($60) for the three months ended March 31, 2024 and 2023, respectively	145	(223)
Total other comprehensive (loss)	(811)	2,255
Total comprehensive income	$ 2,398	$ 6,104

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax	$ (332)	$ 576
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity, tax	77	84
Reclassification adjustment for losses included in net income, tax	$ 39	$ (60)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2023	Dec. 31, 2023
Cash Flows from Operating Activities
Net income	$ 3,209	$ 3,849
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of premises and equipment	404	398
Amortization of core deposit intangibles	4	5
Amortization of debt issuance costs	1	1
Provision for credit losses on loans	991	0	$ 0	$ 5,917
Provision for credit losses on securities held to maturity	9	0
Increase in cash value of bank owned life insurance	(151)	(149)
Accretion of discounts and amortization of premiums on securities, net	223	249
Accretion of premium on time deposits	(17)	(25)
Accretion of certain acquisition-related loan discounts, net	(98)	(145)
Stock-based compensation	142	338
Excess tax benefits on stock-based compensation	1	4
Net losses on disposal of premises and equipment	49	(2)
Deferred income tax expense	46	325
Changes in assets and liabilities:
(Increase) decrease in interest receivable	(323)	154
(Increase) decrease in other assets	(731)	400
Increase (decrease) in accrued interest payable and other liabilities	943	(849)
Net cash provided by operating activities	4,703	4,553
Cash Flows from Investing Activities
Proceeds from maturities, calls, and principal payments of securities available for sale	3,389	3,056
Proceeds from maturities, calls, and principal payments of securities held to maturity	22,769	2,109
Net (purchase) redemption of restricted securities	(34)	105
Purchase of premises and equipment	(305)	(159)
Proceeds from sale of premises and equipment	0	2
Proceeds from cash value of bank owned life insurance	401	256
Net (increase) decrease in loans	(3,808)	1,786
Net cash provided by investing activities	22,412	7,155
Cash Flows from Financing Activities
Net increase (decrease) in demand deposits and savings accounts	20,173	(17,589)
Net increase in time deposits	5,255	17,807
Cash dividends paid on common stock, net of reinvestment	(900)	(901)
Net cash provided by (used in) financing activities	24,433	(821)
Increase in cash and cash equivalents	51,548	10,887
Cash and Cash Equivalents
Beginning	87,161	66,914		66,914
Ending	138,709	77,801	$ 77,801	$ 87,161
Supplemental Disclosures of Cash Flow Information
Interest	5,369	2,186
Supplemental Disclosures of Noncash Investing and Financing Activities
Unrealized (gains) losses on securities available for sale	(1,578)	2,738
Change in fair value of cash flow hedges	184	(283)
Issuance of common stock, dividend reinvestment plan	42	41
Stock Repurchase Plan [Member]
Cash Flows from Financing Activities
Repurchase of common stock	0	(25)
First National Corporation 2014 Stock Incentive Plan [Member]
Cash Flows from Financing Activities
Repurchase of common stock	$ (95)	$ (113)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Stock Incentive Plan [Member] Common Stock [Member]	Stock Incentive Plan [Member] Additional Paid-in Capital [Member]	Stock Incentive Plan [Member] Retained Earnings [Member]	Stock Incentive Plan [Member] AOCI Attributable to Parent [Member]	Stock Incentive Plan [Member]	Stock Repurchase Plan [Member] Common Stock [Member]	Stock Repurchase Plan [Member] Additional Paid-in Capital [Member]	Stock Repurchase Plan [Member] Retained Earnings [Member]	Stock Repurchase Plan [Member] AOCI Attributable to Parent [Member]	Stock Repurchase Plan [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balance (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2022	$ 0	$ 0	$ (1,952)	$ 0	$ (1,952)
Balance at Dec. 31, 2022																$ 7,831	$ 32,716	$ 90,284	$ (22,471)	$ 108,360
Net income																0	0	3,849	0	3,849
Other comprehensive income																0	0	0	2,255	2,255
Cash dividends on common stock																0	0	(942)	0	(942)
Stock-based compensation																0	338	0	0	338
Issuance of common stock, dividend reinvestment plan																3	38	0	0	41
Issuance of common stock, stock incentive plan																27	(27)	0	0	0
Repurchase of 1,557 shares of common stock, stock repurchase plan											$ (2)	$ (23)	$ 0	$ 0	$ (25)
Repurchase of common stock						$ (8)	$ (105)	$ 0	$ 0	$ (113)
Balance at Mar. 31, 2023																7,851	32,937	91,239	(20,216)	111,811
Balance at Dec. 31, 2023																7,829	32,950	94,198	(18,706)	116,271
Net income																0	0	3,209	0	3,209
Other comprehensive income																0	0	0	(811)	(811)
Cash dividends on common stock																0	0	(942)	0	(942)
Stock-based compensation																0	142	0	0	142
Issuance of common stock, dividend reinvestment plan																3	39	0	0	42
Issuance of common stock, stock incentive plan																21	(21)	0	0	0
Repurchase of common stock						$ (6)	$ (89)	$ 0	$ 0	$ (95)
Balance at Mar. 31, 2024																$ 7,847	$ 33,021	$ 96,465	$ (19,517)	$ 117,816

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Unaudited) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retained Earnings [Member]
Cash dividends on common stock, per share (in dollars per share)	$ 0.15
Common Stock [Member] | Stock Incentive Plan [Member]
Repurchase of common stock shares (in shares)	4,842	6,495
Common Stock [Member] | Stock Repurchase Plan [Member]
Repurchase of common stock shares (in shares)		1,557
Common Stock [Member]
Cash dividends on common stock, per share (in dollars per share)		$ 0.15
Issuance of common stock, dividend reinvestment plan, shares (in shares)	2,350	2,216
Issuance of common stock, stock incentive plan, shares (in shares)	16,672	21,302

Note 1 - General

Note 1 - General	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	Note 1. Basis of Presentation The accompanying unaudited consolidated financial statements of First National Corporation (the Company) and its subsidiary, First Bank (the Bank), have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (SEC). Accordingly, they do not March 31, 2024 and December 31, 2023 , the statements of income and comprehensive income (loss) for the three March 31, 2024 2023 , the cash flows for the three March 31, 2024 2023 , and the changes in shareholders’ equity for the three March 31, 2024 2023 . The statements should be read in conjunction with the consolidated financial statements and related notes included in the Annual Report on Form 10 December 31, 2023 . Operating results for the three March 31, 2024 are not may December 31, 2024 . no Significant Accounting Policies and Estimates Application of the principles of GAAP and practices within the banking industry requires management to make estimates, assumptions, and judgements that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions, and judgements are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements may may Material estimates that are particularly The Company’s significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in Note 1 December 31, 2023 2023 10 Business Combination On March 25, 2024, not March 31, 2024. twelve As of March 31, 2024, In connection with the transaction, the Company expects to issue approximately 2.7 million shares of its common stock to the shareholders of Touchstone. Upon completion of the transaction, Touchstone Bank, which is Touchstone’s wholly owned banking subsidiary, is expected to be merged with and into First Bank. The acquisition will be accounted for as a business combination under ASC 805, Business Combinations Adoption of New Accounting Pronouncements In July 2023, 2023 03, 205 220 480 505 718 No. 120, March 24, 2022 6.B, 280—General X: 2023 03 not 2023 03 In March 2023, 2023 02, 323 December 15, 2023, not 2023 02 In March 2023, 2023 01, 842 December 15, 2023, not 2023 01 In June 2022, 2022 03, 820 2022 03 not not December 15, 2023. not 2022 03 Recent Accounting Pronouncements In March 2024, 2024 01, 718 718. December 15, 2024, not 2024 01 In March 2024, 2024 02, not December 15, 2024. first first not 2024 02

Note 2 - Securities

Note 2 - Securities	3 Months Ended
	Mar. 31, 2024
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 state and political subdivisions, and corporate debt securities. Amortized co sts, gross unrealized gains and losses, allowance for credit losses, an March 31, 2024 December 31, 2023 March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Allowance for Credit Losses Securities available for sale: U.S. Treasury securities $ 12,478 $ — $ (1,079 ) $ 11,399 $ — U.S. agency and mortgage-backed securities 93,915 50 (12,997 ) 80,968 — Obligations of states and political subdivisions 63,461 1 (8,154 ) 55,308 — Total securities available for sale $ 169,854 $ 51 $ (22,230 ) $ 147,675 $ — Securities held to maturity: U.S. Treasury securities $ 19,277 $ — $ (349 ) $ 18,928 $ — U.S. agency and mortgage-backed securities 92,019 — (10,033 ) 81,986 — Obligations of states and political subdivisions 11,645 40 (996 ) 10,689 (1 ) Corporate debt securities 3,000 — (514 ) 2,486 (115 ) Total securities held to maturity $ 125,941 $ 40 $ (11,892 ) $ 114,089 $ (116 ) Total securities $ 295,795 $ 91 $ (34,122 ) $ 261,764 $ (116 ) December 31, 2023 Amortized Cost Gross Gross Fair Value Allowance for Credit Losses Securities available for sale: U.S. Treasury securities $ 12,476 $ — $ (1,026 ) $ 11,450 $ — U.S. agency and mortgage-backed securities 96,937 55 (12,192 ) 84,800 — Obligations of states and political subdivisions 64,045 6 (7,444 ) 56,607 — Total securities available for sale $ 173,458 $ 61 $ (20,662 ) $ 152,857 $ — Securities held to maturity: U.S. Treasury securities $ 39,085 $ — $ (389 ) $ 38,696 $ — U.S. agency and mortgage-backed securities 94,617 — (8,992 ) 85,625 — Obligations of states and political subdivisions 11,649 107 (943 ) 10,813 — Corporate debt securities 3,000 — (520 ) 2,480 (107 ) Total securities held to maturity $ 148,351 $ 107 $ (10,844 ) $ 137,614 $ (107 ) Total securities $ 321,809 $ 168 $ (31,506 ) $ 290,471 $ (107 ) Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position is as follows (in thousands): March 31, 2024 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 $ — $ — $ 11,399 $ (1,079 ) $ 11,399 $ (1,079 ) U.S. agency and mortgage-backed securities 1,268 (13 ) 75,506 (12,984 ) 76,774 (12,997 ) Obligations of states and political subdivisions 5,341 (195 ) 48,276 (7,959 ) 53,617 (8,154 ) Total securities available for sale $ 6,609 $ (208 ) $ 135,181 $ (22,022 ) $ 141,790 $ (22,230 ) December 31, 2023 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 $ — $ — $ 11,450 $ (1,026 ) $ 11,450 $ (1,026 ) U.S. agency and mortgage-backed securities 1,281 (29 ) 78,800 (12,163 ) 80,081 (12,192 ) Obligations of states and political subdivisions 4,469 (215 ) 47,004 (7,229 ) 51,473 (7,444 ) Total securities available for sale $ 5,750 $ (244 ) $ 137,254 $ (20,418 ) $ 143,004 $ (20,662 ) The tables above provide information about securities that have been in an unrealized loss position for less than twelve twelve Presently, the Company does not not Accrued interest receivable on securities available for sale and securities held to maturity totaled $756 thousand and $548 thousand, respectively, at March 31, 2024 . Accrued interest on debt securities is included in accrued interest receivable on the Company's consolidated balance sheets. At March 31, 2024 , there were three three rage a March 31, 2024 . One hundred percent of the Company’s investment portfolio was considered investment grade at December 31, 2023 . The weighted-average re-pricing term of the portfolio was 5.9 years at December 31, 2023 . The unrealized losses at March 31, 2024 in the U.S. Treasury securities portfolio, U.S. agency and mortgage-backed securities portfolio, and obligations of states and political subdivisions portfolio were related to changes in market interest rates and not On September 1, 2022, first three 2024. may The amortized cost and fair value of securities at March 31, 2024 may Available for Sale Held to Maturity Amortized Cost Fair Value Amortized Cost Fair Value Due within one year $ 796 $ 783 $ 10,820 $ 10,698 Due after one year through five years 28,704 26,521 23,107 21,835 Due after five years through ten years 32,673 29,684 17,972 16,117 Due after ten years 107,681 90,687 74,042 65,439 $ 169,854 $ 147,675 $ 125,941 $ 114,089 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 composition of restricted securities at March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Federal Home Loan Bank stock $ 999 $ 965 Federal Reserve Bank stock 981 981 Community Bankers’ Bank stock 132 132 $ 2,112 $ 2,078 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 $642 thousand a March 31, 2024 December 31, 2023 Credit Quality Indicators & Allowance for Credit Losses - HTM The Company monitors the credit quality of the debt securities held to maturity through the use of credit ratings from Moody's, S&P, and Egan-Jones. The Company monitors the credit ratings on a quarterly basis. The following table summarizes the amortized cost of debt securities held to maturity at March 31, 2024 , aggregated by credit quality indicators. U.S. Treasury securities U.S. agency and mortgage-backed securities Obligations of states and political subdivisions Corporate debt securities Total Held to Maturity Securities March 31, 2024 Aaa $ 19,277 $ 22,994 $ 2,802 $ — $ 45,073 Aa1 / Aa2 / Aa3 — — 8,843 — 8,843 Baa1 / Baa2 / Baa3 — — — 3,000 3,000 Not rated - Agency (1) — 69,025 — — 69,025 Total $ 19,277 $ 92,019 $ 11,645 $ 3,000 $ 125,941 December 31, 2023 Aaa $ 39,085 $ 22,936 $ 2,807 $ — $ 64,828 Aa1 / Aa2 / Aa3 — — 8,842 — 8,842 Baa1 / Baa2 / Baa3 — — — 3,000 3,000 Not rated - Agency (1) — 71,681 — — 71,681 Total $ 39,085 $ 94,617 $ 11,649 $ 3,000 $ 148,351 ________________________________________ ( 1 Generally considered not The following table summarizes the change in the allowance for credit losses on held to maturity securities for the three March 31, 2024 . U.S. Treasury securities U.S. agency and mortgage-backed securities Obligations of states and political subdivisions Corporate debt securities Total Held to Maturity Securities Balance, December 31, 2023 $ — $ — $ — $ 107 $ 107 Provision for credit losses — — 1 8 9 Charge-offs of securities — — — — — Recoveries — — — — — Balance, March 31, 2024 $ — $ — $ 1 $ 115 $ 116 At March 31, 2024 , the Company had no 30 no March 31, 2024 .

Note 3 - Loans

Note 3 - Loans	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses [Text Block]	Note 3. Loans at March 31, 2024 December 31, 2023 March 31, 2024 December 31, 2023 Real estate loans: Construction and land development $ 53,364 $ 52,680 Secured by 1-4 family residential 347,014 344,369 Other real estate loans 445,085 447,272 Commercial and industrial loans 113,562 113,074 Consumer and other loans 13,949 12,035 Total loans $ 972,974 $ 969,430 Allowance for credit losses (12,603 ) (11,974 ) Loans, net $ 960,371 $ 957,456 Net deferred loan fees included in the above loan categor ies were $1.1 million a March 31, 2024 December 31, 2023 ectively. Unamortized premiums on loans purchased from a third million as of March 31, 2024 December 31, 2023. ed $251 thousand and $222 March 31, 2024 December 31, 2023 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 principal balance of purchased loans is included in the allowance for credit losses calculation. The remaining net discount on purchased loans at March 31, 2024 was $1.8 million. The outstanding principal balance and the carrying amount at March 31, 2024 December 31, 2022 of loans acquired in business combinations were as follows: March 31, 2024 December 31, 2023 Acquired Loans- Acquired Loans- Non-Purchased Non-Purchased (Dollars in thousands) Credit Deteriorated Credit Deteriorated Outstanding principal balance $ 155,913 $ 164,028 Carrying amount Real estate loans: Construction and land development $ 7,676 $ 7,851 Secured by 1-4 family residential 35,044 36,290 Other real estate loans 91,362 94,882 Commercial and industrial loans 16,558 19,611 Consumer and other loans 3,428 3,451 Total acquired loans $ 154,068 $ 162,085 Risk characteristics of each loan portfolio class that are considered by the Company include: • 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 risks associated with the continued creditworthiness of the borrower and the value of the collateral, if any. Consumer 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. Other loans included in this category include loans to states and political subdivisions. The following tables provide a summary of loan classes and an aging of past due loans as of March 31, 2024 December 31, 2023 March 31, 2024 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 $ — $ — $ — $ — $ 53,364 $ 53,364 $ 37 $ — Secured by 1-4 family residential 1,604 65 130 1,799 345,215 347,014 775 130 Other real estate loans — — — — 445,085 445,085 — — Commercial and industrial 474 769 45 1,288 112,274 113,562 7,203 45 Consumer and other loans 53 6 — 59 13,890 13,949 — — Total $ 2,131 $ 840 $ 175 $ 3,146 $ 969,828 $ 972,974 $ 8,015 $ 175 December 31, 2023 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 $ 183 $ 4 $ 38 $ 225 $ 52,455 $ 52,680 $ 38 $ — Secured by 1-4 family residential 1,364 350 392 2,106 342,263 344,369 495 245 Other real estate loans — — 82 82 447,190 447,272 — 82 Commercial and industrial 252 316 197 765 112,309 113,074 6,230 197 Consumer and other loans 33 — — 33 12,002 12,035 — — Total $ 1,832 $ 670 $ 709 $ 3,211 $ 966,219 $ 969,430 $ 6,763 $ 524 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 table presents the Company's recorded investment in loans by credit quality indicators by year of origination as of March 31, 2024 (in thousands). March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Revolving Total Construction and land development Pass $ 419 $ 1,716 $ 2,809 $ 4,183 $ 3,330 $ 4,705 $ 36,165 $ 53,327 Special Mention — — — — — — — — Substandard — — — — — 37 — 37 Doubtful — — — — — — — — Total Construction and land development $ 419 $ 1,716 $ 2,809 $ 4,183 $ 3,330 $ 4,742 $ 36,165 $ 53,364 Current period gross write-offs $ — $ — $ 4 $ — $ — $ — $ — $ 4 Secured by 1-4 family residential Pass $ 3,937 $ 37,427 $ 65,965 $ 58,505 $ 37,782 $ 93,662 $ 48,679 $ 345,957 Special Mention — — — — — — — — Substandard — 89 208 — 760 — 1,057 Doubtful — — — — — — — — Total Secured by 1-4 family residential $ 3,937 $ 37,427 $ 66,054 $ 58,713 $ 37,782 $ 94,422 $ 48,679 $ 347,014 Current period gross write-offs $ — $ — $ — $ — $ — $ 10 $ — $ 10 Other real estate loans Pass $ 2,876 $ 49,906 $ 94,347 $ 92,627 $ 40,803 $ 152,384 $ 12,142 $ 445,085 Special Mention — — — — — — — — Substandard — — — — — — — Doubtful — — — — — — — — Total Other real estate loans $ 2,876 $ 49,906 $ 94,347 $ 92,627 $ 40,803 $ 152,384 $ 12,142 $ 445,085 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass $ 7,403 $ 22,279 $ 19,892 $ 17,278 $ 2,449 $ 10,365 $ 25,307 $ 104,973 Special Mention — — 1,371 — — — — 1,371 Substandard — 696 4,130 1,440 — 952 — 7,218 Doubtful — — — — — — — — Total Commercial and industrial $ 7,403 $ 22,975 $ 25,393 $ 18,718 $ 2,449 $ 11,317 $ 25,307 $ 113,562 Current period gross write-offs $ — $ 317 $ — $ — $ — $ — $ — $ 317 Consumer and other loans Pass $ 1,951 $ 2,427 $ 1,027 $ 326 $ 1,328 $ 2,116 $ 4,774 $ 13,949 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total Consumer and other loans $ 1,951 $ 2,427 $ 1,027 $ 326 $ 1,328 $ 2,116 $ 4,774 $ 13,949 Current period gross write-offs $ 70 $ 4 $ 6 $ 3 $ — $ — $ — $ 83

Note 4 - Allowance for Credit L

Note 4 - Allowance for Credit Losses	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	Note 4. The following tables present, as of and during the periods ended March 31, 2024 December 31, 2023 March 31, 2023 March 31, 2024 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for credit losses: Beginning Balance, December 31, 2023 $ 312 $ 3,159 $ 4,698 $ 3,706 $ 99 $ 11,974 Charge-offs (4 ) (10 ) — (317 ) (83 ) (414 ) Recoveries — 4 1 6 41 52 Provision for (recovery of) credit losses on loans 47 (396 ) 225 1,098 17 991 Ending Balance, March 31, 2024 $ 355 $ 2,757 $ 4,924 $ 4,493 $ 74 $ 12,603 Ending Balance: Individually evaluated — — — 3,569 — 3,569 Collectively evaluated 355 2,757 4,924 924 74 9,034 Loans: Ending Balance $ 53,364 $ 347,014 $ 445,085 $ 113,562 $ 13,949 $ 972,974 Individually evaluated 37 772 — 7,202 — 8,011 Collectively evaluated 53,327 346,242 445,085 106,360 13,949 964,963 December 31, 2023 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, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Adjustment to allowance for adoption of ASU 2016-13 (313 ) 1,409 1,702 (387 ) (225 ) 2,186 Charge-offs — (59 ) (34 ) (3,452 ) (448 ) (3,993 ) Recoveries — 47 14 145 212 418 Provision for (recovery of) credit losses on loans 79 654 (593 ) 5,526 251 5,917 Ending Balance, December 31, 2023 $ 312 $ 3,159 $ 4,698 $ 3,706 $ 99 $ 11,974 Ending Balance: Individually evaluated for impairment — — — 2,705 — 2,705 Collectively evaluated for impairment 312 3,159 4,698 1,001 99 9,269 Loans: Ending Balance $ 52,680 $ 344,369 $ 447,272 $ 113,074 $ 12,035 $ 969,430 Individually evaluated for impairment 38 495 — 6,230 — 6,763 Collectively evaluated for impairment 52,642 343,874 447,272 106,844 12,035 962,667 March 31, 2023 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, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Adjustment to allowance for adoption of ASU 2016-13 (313 ) 1,409 1,705 (391 ) (224 ) 2,186 Charge-offs — — — (851 ) (126 ) (977 ) Recoveries — 5 2 — 55 62 Provision for (recovery of) credit losses on loans 11 74 (150 ) (15 ) 80 — Ending Balance, March 31, 2023 $ 244 $ 2,596 $ 5,166 $ 617 $ 94 $ 8,717 Ending Balance: Individually evaluated for impairment — — — — — — Collectively evaluated for impairment 244 2,596 5,166 617 94 8,717 Loans: Ending Balance $ 48,610 $ 334,302 $ 416,001 $ 110,937 $ 8,117 $ 917,967 Individually evaluated for impairment 1,044 474 73 — — 1,591 Collectively evaluated for impairment 47,566 333,828 415,928 110,937 8,117 916,376 Nonaccrual loans The following is a summary of the Company's nonaccrual loans by major categories for the periods indicated (in thousands): March 31, 2024 December 31, 2023 March 31, 2023 Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Real estate loans: Construction and land development $ 37 $ — $ 37 $ 38 $ — $ 38 $ 1,044 $ — $ 1,044 Secured by 1-4 family residential 775 — 775 495 — 495 474 — 474 Other real estate loans — — — — — — 73 — 73 Commercial and industrial — 7,203 7,203 — 6,230 6,230 — — — Total $ 812 $ 7,203 $ 8,015 $ 533 $ 6,230 $ 6,763 $ 1,591 $ — $ 1,591 Prior to the adoption of ASU 2016 13, Collateral-Dependent Loans The Company may The underlying collateral can vary based upon the type of loan. The following provides more detail about the types of collateral that secure collateral dependent loans: • Commercial real estate loans can be secured by either owner occupied commercial real estate or non-owner occupied investment commercial real estate. Typically, owner occupied commercial real estate loans are secured by office buildings, warehouses, manufacturing facilities and other commercial and industrial properties occupied by operating companies. Non-owner occupied commercial real estate loans are generally secured by office buildings and complexes, retail facilities, multifamily complexes, land under development, industrial properties, as well as other commercial or industrial real estate. • Residential real estate loans are typically secured by first second • Home equity lines of credit are generally secured by second • Consumer loans are generally secured by automobiles, motorcycles, recreational vehicles and other personal property. Some consumer loans are unsecured and have no The following table presents the amortized cost of collateral-dependent loans (in thousands): March 31, 2024 December 31, 2023 March 31, 2023 (Dollars in thousands) Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real estate loans: Construction and land development $ 37 $ — $ 37 $ 38 $ — $ 38 $ 1,044 $ — $ 1,044 Secured by 1-4 family residential 775 — 775 495 — 495 474 — 474 Other real estate loans — — — — — — 73 — 73 Commercial and industrial — — — — — — — — — Total $ 812 $ — $ 812 $ 533 $ — $ 533 $ 1,591 $ — $ 1,591 At March 31, 2024 and 2023 no e for credit losses on collateral-dependent loans. Modifications Made to Borrowers Experiencing Financial Difficulty The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a probability of default/loss given default model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one may two three March 31, 2024, Upon the Company's determination that a modified loan (or portion of a loan) has subsequently been deemed uncollectible, the loan (or a portion of the loan) is written off. Therefore, the amortized cost basis of the loan is reduced by the uncollectible amount and the allowance for credit losses is adjusted by the same amount. For the three March 31, 2024 2023 , there were no twelve March 31, 2024 and 2023 s no Unfunded Commitments The Company maintains a separate reserve for credit losses on off-balance-sheet credit exposures, including unfunded loan commitments, which is included in other liabilities on the consolidated balance sheet. The reserve for credit losses on off-balance-sheet credit exposures is adjusted as a provision for credit losses in the income statement. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life, utilizing the same models and approaches for the Company's other loan portfolio segments described in Note 1, No may There was no provision for credit losses on unfunded commitments during the first 2024. January 1, 2023, $153 326. three March 31, 2023, not March 31, 2024 2023,

Note 5 - Earnings Per Common Sh

Note 5 - Earnings Per Common Share	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	Note 5. 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 three three March 31, 2024 2023 Three Months Ended March 31, 2024 March 31, 2023 (Numerator): Net income $ 3,209 $ 3,849 (Denominator): Weighted average shares outstanding – basic 6,269,790 6,273,913 Potentially dilutive common shares – restricted stock units 12,744 7,203 Weighted average shares outstanding – diluted 6,282,534 6,281,116 Income per common share Basic $ 0.51 $ 0.61 Diluted $ 0.51 $ 0.61 Restricted stock units for 882 shares of common stock were not three March 31, 2024 were no three March 31, 2024.

Note 6 - Fair Value Measurement

Note 6 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note 6. 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 March 31, 2024 December 31, 2023 Fair Value Measurements at March 31, 2024 Description Balance as of March 31, 2024 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 $ 11,399 $ — $ 11,399 $ — U.S. agency and mortgage-backed securities 80,968 — 80,968 — Obligations of states and political subdivisions 55,308 — 55,308 — Total securities available for sale $ 147,675 $ — $ 147,675 $ — Derivatives - cash flow hedges 2,672 — 2,672 — Total assets $ 150,347 $ — $ 150,347 $ — Fair Value Measurements at December 31, 2023 Description Balance as of December 31, 2023 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 $ 11,450 $ — $ 11,450 $ — U.S. agency and mortgage-backed securities 84,800 — 84,800 — Obligations of states and political subdivisions 56,607 — 56,607 — Total securities available for sale $ 152,857 $ — $ 152,857 $ — Derivatives - cash flow hedges 2,488 — 2,488 — Total assets $ 155,345 $ — $ 155,345 $ — 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: Collateral Dependent Loans with an ACLL In accordance with ASC 326, may no March 31, 2024 Other Real Estate Owned Certain assets such as OREO are measured at fair value less cost to sell. Valuation of OREO is determined using current appraisals from independent parties, a Level 2 3 3 The following tables summarize the Company’s assets that were measured at fair value on a nonrecurring basis during the periods (dollars in thousands): Fair Value Measurements at March 31, 2024 Description Balance as of March 31, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent loans $ 812 $ — $ — $ 812 Fair Value Measurements at December 31, 2023 Description Balance as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent loans $ 533 $ — $ — $ 533 Quantitative information about Level 3 Fair Value Measurements for March 31, 2024 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Collateral dependent loans $ 812 Present value of cash flows Discount rate 6.50 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Collateral dependent loans $ 533 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 March 31, 2024 December 31, 2023 Fair Value Measurements at March 31, 2024 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 interest-bearing deposits in banks $ 138,709 $ 138,709 $ — $ — $ 138,709 Securities available for sale 147,675 — 147,675 — 147,675 Securities held to maturity 125,825 — 113,973 — 113,973 Restricted securities 2,112 — 2,112 — 2,112 Loans, net 960,371 — — 922,604 922,604 Bank owned life insurance 24,652 — 24,652 — 24,652 Accrued interest receivable 4,978 — 4,978 — 4,978 Derivatives - cash flow hedges 2,672 — 2,672 — 2,672 Financial Liabilities Deposits $ 1,259,137 $ — 1,061,550 194,320 $ 1,255,870 Other borrowings 50,000 — — 49,816 49,816 Subordinated debt 4,998 — — 5,487 5,487 Junior subordinated debt 9,279 — — 8,141 8,141 Accrued interest payable 864 — 864 — 864 Fair Value Measurements at December 31, 2023 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 interest-bearing deposits in banks $ 87,161 $ 87,161 $ — $ — $ 87,161 Securities available for sale 152,857 — 152,857 — 152,857 Securities held to maturity 148,244 — 137,507 — 137,507 Restricted securities 2,078 — 2,078 — 2,078 Loans, net 957,456 — — 919,266 919,266 Bank owned life insurance 24,902 — 24,902 — 24,902 Accrued interest receivable 4,655 — 4,655 — 4,655 Derivatives - cash flow hedges 2,488 — 2,488 — 2,488 Financial Liabilities Deposits $ 1,233,726 $ — $ 1,041,377 $ 189,354 $ 1,230,731 Other borrowings 50,000 — — 49,987 49,987 Subordinated debt 4,997 — — 5,412 5,412 Junior subordinated debt 9,279 — — 8,493 8,493 Accrued interest payable 764 — 764 — 764 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 7 - Stock Compensation Pla

Note 7 - Stock Compensation Plans	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note 7. On May 10, 2023, 2023 2014 ed awards. Beginning on May 11, 2023, 2023 not 2014 Awards are made at the discretion of the Board of Directors and compensation cost equal to the fair value of the award is recognized over the vesting period. 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 There was no c ompensation expense related to stock awards for the three nded March 31, 2024 . Compensation expense related to stock awards totaled $200 thousand for the three nded March 31, 2023 . 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 o ne share of common stock on a specified issuance date. During the first 2024 , 13,412 restricted stock units were granted to employees, with 4,475 units vesting on February 15, 2024, two one The recipient does not A summary of the activity for the Company’s restricted stock units for the period indicated is presented in the following table: Three Months Ended March 31, 2024 Shares Weighted Average Grant Date Fair Value Unvested, beginning of year 41,507 $ 18.47 Granted 13,412 19.06 Vested (17,762 ) 19.59 Forfeited — — Unvested, end of period 37,157 $ 18.25 At March 31, 2024 e-tax compensation expense related to unvested restricted stock unit awards was $464 thousand. This expense is expected to be recognized through 2028. three March 31, 2024 and 2023

Note 8 - Accumulated Other Comp

Note 8 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	Note 8. 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, 2022 $ (24,587 ) $ 2,116 $ (22,471 ) Unrealized holding losses (net of tax, $ 576 2,162 — 2,162 Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $ 84 316 — 316 Change in fair value of cash flow hedge (net of tax, ($ 60 — (223 ) (223 ) Change during period 2,478 (223 ) 2,255 Balance at March 31, 2023 $ (22,109 ) $ 1,893 $ (20,216 ) Balance at December 31, 2023 $ (20,671 ) $ 1,965 $ (18,706 ) Unrealized holding losses (net of tax, ($ 332 (1,246 ) — (1,246 ) Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $ 77 290 — 290 Change in fair value of cash flow hedge (net of tax, $ 38 — 145 145 Change during period (956 ) 145 (811 ) Balance at March 31, 2024 $ (21,627 ) $ 2,110 $ (19,517 )

Note 9 - Revenue Recognition

Note 9 - Revenue Recognition	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	Note 9. 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. 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 Fees for other customer services Fees for other customer services include fees for brokered loans, 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. The following table presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Accounting Standards Codification Topic 606, three three March 31, 2024 2023 Three Months Ended March 31, 2024 March 31, 2023 Noninterest Income Service charges on deposit accounts $ 654 $ 646 ATM and check card fees 770 800 Wealth management fees 883 776 Brokered mortgage fees 38 — Fees for other customer services 195 196 Noninterest income (in-scope of Topic 606) $ 2,540 $ 2,418 Noninterest income (out-of-scope of Topic 606) 1,507 360 Total noninterest income $ 4,047 $ 2,778

Note 10 - Derivative Financial

Note 10 - Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Note 10. 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 no March 31, 2024 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 (loss) 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 (loss) 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 March 31, 2024 December 31, 2023 March 31, 2024 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,672 $ — $ — December 31, 2023 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,488 $ — $ — ( 1 Collateral pledged may

Note 11 - Acquisitions

Note 11 - Acquisitions	3 Months Ended
	Mar. 31, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 11. On March 25, 2024, March 25, 2024). not March 31, 2024. twelve March 31, 2024, In connection with the transaction, the Company expects to issue approximately 2.7 million shares of its common stock to the shareholders of Touchstone. Upon completion of the transaction, Touchstone Bank, which is Touchstone’s wholly owned banking subsidiary, is expected to be merged with and into First Bank. The acquisition will be accounted for as a business combination under ASC 805, Business Combinations

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	5. During the three March 31, 2024, none 16a 1 10b5 1 10b5 1 408
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited consolidated financial statements of First National Corporation (the Company) and its subsidiary, First Bank (the Bank), have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission (SEC). Accordingly, they do not March 31, 2024 and December 31, 2023 , the statements of income and comprehensive income (loss) for the three March 31, 2024 2023 , the cash flows for the three March 31, 2024 2023 , and the changes in shareholders’ equity for the three March 31, 2024 2023 . The statements should be read in conjunction with the consolidated financial statements and related notes included in the Annual Report on Form 10 December 31, 2023 . Operating results for the three March 31, 2024 are not may December 31, 2024 . no
Use of Estimates, Policy [Policy Text Block]	Significant Accounting Policies and Estimates Application of the principles of GAAP and practices within the banking industry requires management to make estimates, assumptions, and judgements that affect the amounts reported in the financial statements and accompanying notes. These estimates, assumptions, and judgements are based on information available as of the date of the financial statements; accordingly, as this information changes, the financial statements may may Material estimates that are particularly The Company’s significant accounting policies followed in the preparation of the unaudited consolidated financial statements are disclosed in Note 1 December 31, 2023 2023 10
Business Combinations Policy [Policy Text Block]	Business Combination On March 25, 2024, not March 31, 2024. twelve As of March 31, 2024, In connection with the transaction, the Company expects to issue approximately 2.7 million shares of its common stock to the shareholders of Touchstone. Upon completion of the transaction, Touchstone Bank, which is Touchstone’s wholly owned banking subsidiary, is expected to be merged with and into First Bank. The acquisition will be accounted for as a business combination under ASC 805, Business Combinations
New Accounting Pronouncements, Policy [Policy Text Block]	Adoption of New Accounting Pronouncements In July 2023, 2023 03, 205 220 480 505 718 No. 120, March 24, 2022 6.B, 280—General X: 2023 03 not 2023 03 In March 2023, 2023 02, 323 December 15, 2023, not 2023 02 In March 2023, 2023 01, 842 December 15, 2023, not 2023 01 In June 2022, 2022 03, 820 2022 03 not not December 15, 2023. not 2022 03 Recent Accounting Pronouncements In March 2024, 2024 01, 718 718. December 15, 2024, not 2024 01 In March 2024, 2024 02, not December 15, 2024. first first not 2024 02

Note 2 - Securities (Tables)

Note 2 - Securities (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Available-for-sale and Held-to-maturity Reconciliation [Table Text Block]	March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized (Losses) Fair Value Allowance for Credit Losses Securities available for sale: U.S. Treasury securities $ 12,478 $ — $ (1,079 ) $ 11,399 $ — U.S. agency and mortgage-backed securities 93,915 50 (12,997 ) 80,968 — Obligations of states and political subdivisions 63,461 1 (8,154 ) 55,308 — Total securities available for sale $ 169,854 $ 51 $ (22,230 ) $ 147,675 $ — Securities held to maturity: U.S. Treasury securities $ 19,277 $ — $ (349 ) $ 18,928 $ — U.S. agency and mortgage-backed securities 92,019 — (10,033 ) 81,986 — Obligations of states and political subdivisions 11,645 40 (996 ) 10,689 (1 ) Corporate debt securities 3,000 — (514 ) 2,486 (115 ) Total securities held to maturity $ 125,941 $ 40 $ (11,892 ) $ 114,089 $ (116 ) Total securities $ 295,795 $ 91 $ (34,122 ) $ 261,764 $ (116 ) December 31, 2023 Amortized Cost Gross Gross Fair Value Allowance for Credit Losses Securities available for sale: U.S. Treasury securities $ 12,476 $ — $ (1,026 ) $ 11,450 $ — U.S. agency and mortgage-backed securities 96,937 55 (12,192 ) 84,800 — Obligations of states and political subdivisions 64,045 6 (7,444 ) 56,607 — Total securities available for sale $ 173,458 $ 61 $ (20,662 ) $ 152,857 $ — Securities held to maturity: U.S. Treasury securities $ 39,085 $ — $ (389 ) $ 38,696 $ — U.S. agency and mortgage-backed securities 94,617 — (8,992 ) 85,625 — Obligations of states and political subdivisions 11,649 107 (943 ) 10,813 — Corporate debt securities 3,000 — (520 ) 2,480 (107 ) Total securities held to maturity $ 148,351 $ 107 $ (10,844 ) $ 137,614 $ (107 ) Total securities $ 321,809 $ 168 $ (31,506 ) $ 290,471 $ (107 )
Gain (Loss) on Securities [Table Text Block]	March 31, 2024 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 $ — $ — $ 11,399 $ (1,079 ) $ 11,399 $ (1,079 ) U.S. agency and mortgage-backed securities 1,268 (13 ) 75,506 (12,984 ) 76,774 (12,997 ) Obligations of states and political subdivisions 5,341 (195 ) 48,276 (7,959 ) 53,617 (8,154 ) Total securities available for sale $ 6,609 $ (208 ) $ 135,181 $ (22,022 ) $ 141,790 $ (22,230 ) December 31, 2023 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 $ — $ — $ 11,450 $ (1,026 ) $ 11,450 $ (1,026 ) U.S. agency and mortgage-backed securities 1,281 (29 ) 78,800 (12,163 ) 80,081 (12,192 ) Obligations of states and political subdivisions 4,469 (215 ) 47,004 (7,229 ) 51,473 (7,444 ) Total securities available for sale $ 5,750 $ (244 ) $ 137,254 $ (20,418 ) $ 143,004 $ (20,662 )
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 $ 796 $ 783 $ 10,820 $ 10,698 Due after one year through five years 28,704 26,521 23,107 21,835 Due after five years through ten years 32,673 29,684 17,972 16,117 Due after ten years 107,681 90,687 74,042 65,439 $ 169,854 $ 147,675 $ 125,941 $ 114,089
Marketable Securities [Table Text Block]	March 31, 2024 December 31, 2023 Federal Home Loan Bank stock $ 999 $ 965 Federal Reserve Bank stock 981 981 Community Bankers’ Bank stock 132 132 $ 2,112 $ 2,078
Debt Securities, Held-to-Maturity, Credit Quality Indicator [Table Text Block]	U.S. Treasury securities U.S. agency and mortgage-backed securities Obligations of states and political subdivisions Corporate debt securities Total Held to Maturity Securities March 31, 2024 Aaa $ 19,277 $ 22,994 $ 2,802 $ — $ 45,073 Aa1 / Aa2 / Aa3 — — 8,843 — 8,843 Baa1 / Baa2 / Baa3 — — — 3,000 3,000 Not rated - Agency (1) — 69,025 — — 69,025 Total $ 19,277 $ 92,019 $ 11,645 $ 3,000 $ 125,941 December 31, 2023 Aaa $ 39,085 $ 22,936 $ 2,807 $ — $ 64,828 Aa1 / Aa2 / Aa3 — — 8,842 — 8,842 Baa1 / Baa2 / Baa3 — — — 3,000 3,000 Not rated - Agency (1) — 71,681 — — 71,681 Total $ 39,085 $ 94,617 $ 11,649 $ 3,000 $ 148,351
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Table Text Block]	U.S. Treasury securities U.S. agency and mortgage-backed securities Obligations of states and political subdivisions Corporate debt securities Total Held to Maturity Securities Balance, December 31, 2023 $ — $ — $ — $ 107 $ 107 Provision for credit losses — — 1 8 9 Charge-offs of securities — — — — — Recoveries — — — — — Balance, March 31, 2024 $ — $ — $ 1 $ 115 $ 116

Note 3 - Loans (Tables)

Note 3 - Loans (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, 2024 December 31, 2023 Real estate loans: Construction and land development $ 53,364 $ 52,680 Secured by 1-4 family residential 347,014 344,369 Other real estate loans 445,085 447,272 Commercial and industrial loans 113,562 113,074 Consumer and other loans 13,949 12,035 Total loans $ 972,974 $ 969,430 Allowance for credit losses (12,603 ) (11,974 ) Loans, net $ 960,371 $ 957,456
Financing Receivable, Purchased with Credit Deterioration [Table Text Block]	March 31, 2024 December 31, 2023 Acquired Loans- Acquired Loans- Non-Purchased Non-Purchased (Dollars in thousands) Credit Deteriorated Credit Deteriorated Outstanding principal balance $ 155,913 $ 164,028 Carrying amount Real estate loans: Construction and land development $ 7,676 $ 7,851 Secured by 1-4 family residential 35,044 36,290 Other real estate loans 91,362 94,882 Commercial and industrial loans 16,558 19,611 Consumer and other loans 3,428 3,451 Total acquired loans $ 154,068 $ 162,085
Financing Receivable, Past Due [Table Text Block]	March 31, 2024 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 $ — $ — $ — $ — $ 53,364 $ 53,364 $ 37 $ — Secured by 1-4 family residential 1,604 65 130 1,799 345,215 347,014 775 130 Other real estate loans — — — — 445,085 445,085 — — Commercial and industrial 474 769 45 1,288 112,274 113,562 7,203 45 Consumer and other loans 53 6 — 59 13,890 13,949 — — Total $ 2,131 $ 840 $ 175 $ 3,146 $ 969,828 $ 972,974 $ 8,015 $ 175 December 31, 2023 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 $ 183 $ 4 $ 38 $ 225 $ 52,455 $ 52,680 $ 38 $ — Secured by 1-4 family residential 1,364 350 392 2,106 342,263 344,369 495 245 Other real estate loans — — 82 82 447,190 447,272 — 82 Commercial and industrial 252 316 197 765 112,309 113,074 6,230 197 Consumer and other loans 33 — — 33 12,002 12,035 — — Total $ 1,832 $ 670 $ 709 $ 3,211 $ 966,219 $ 969,430 $ 6,763 $ 524
Financing Receivable Credit Quality Indicators [Table Text Block]	March 31, 2024 Term Loans by Year of Origination 2024 2023 2022 2021 2020 Prior Revolving Total Construction and land development Pass $ 419 $ 1,716 $ 2,809 $ 4,183 $ 3,330 $ 4,705 $ 36,165 $ 53,327 Special Mention — — — — — — — — Substandard — — — — — 37 — 37 Doubtful — — — — — — — — Total Construction and land development $ 419 $ 1,716 $ 2,809 $ 4,183 $ 3,330 $ 4,742 $ 36,165 $ 53,364 Current period gross write-offs $ — $ — $ 4 $ — $ — $ — $ — $ 4 Secured by 1-4 family residential Pass $ 3,937 $ 37,427 $ 65,965 $ 58,505 $ 37,782 $ 93,662 $ 48,679 $ 345,957 Special Mention — — — — — — — — Substandard — 89 208 — 760 — 1,057 Doubtful — — — — — — — — Total Secured by 1-4 family residential $ 3,937 $ 37,427 $ 66,054 $ 58,713 $ 37,782 $ 94,422 $ 48,679 $ 347,014 Current period gross write-offs $ — $ — $ — $ — $ — $ 10 $ — $ 10 Other real estate loans Pass $ 2,876 $ 49,906 $ 94,347 $ 92,627 $ 40,803 $ 152,384 $ 12,142 $ 445,085 Special Mention — — — — — — — — Substandard — — — — — — — Doubtful — — — — — — — — Total Other real estate loans $ 2,876 $ 49,906 $ 94,347 $ 92,627 $ 40,803 $ 152,384 $ 12,142 $ 445,085 Current period gross write-offs $ — $ — $ — $ — $ — $ — $ — $ — Commercial and industrial Pass $ 7,403 $ 22,279 $ 19,892 $ 17,278 $ 2,449 $ 10,365 $ 25,307 $ 104,973 Special Mention — — 1,371 — — — — 1,371 Substandard — 696 4,130 1,440 — 952 — 7,218 Doubtful — — — — — — — — Total Commercial and industrial $ 7,403 $ 22,975 $ 25,393 $ 18,718 $ 2,449 $ 11,317 $ 25,307 $ 113,562 Current period gross write-offs $ — $ 317 $ — $ — $ — $ — $ — $ 317 Consumer and other loans Pass $ 1,951 $ 2,427 $ 1,027 $ 326 $ 1,328 $ 2,116 $ 4,774 $ 13,949 Special Mention — — — — — — — — Substandard — — — — — — — — Doubtful — — — — — — — — Total Consumer and other loans $ 1,951 $ 2,427 $ 1,027 $ 326 $ 1,328 $ 2,116 $ 4,774 $ 13,949 Current period gross write-offs $ 70 $ 4 $ 6 $ 3 $ — $ — $ — $ 83

Note 4 - Allowance for Credit_2

Note 4 - Allowance for Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	March 31, 2024 Construction and Land Development Secured by 1-4 Family Residential Other Real Estate Commercial and Industrial Consumer and Other Loans Total Allowance for credit losses: Beginning Balance, December 31, 2023 $ 312 $ 3,159 $ 4,698 $ 3,706 $ 99 $ 11,974 Charge-offs (4 ) (10 ) — (317 ) (83 ) (414 ) Recoveries — 4 1 6 41 52 Provision for (recovery of) credit losses on loans 47 (396 ) 225 1,098 17 991 Ending Balance, March 31, 2024 $ 355 $ 2,757 $ 4,924 $ 4,493 $ 74 $ 12,603 Ending Balance: Individually evaluated — — — 3,569 — 3,569 Collectively evaluated 355 2,757 4,924 924 74 9,034 Loans: Ending Balance $ 53,364 $ 347,014 $ 445,085 $ 113,562 $ 13,949 $ 972,974 Individually evaluated 37 772 — 7,202 — 8,011 Collectively evaluated 53,327 346,242 445,085 106,360 13,949 964,963 December 31, 2023 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, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Adjustment to allowance for adoption of ASU 2016-13 (313 ) 1,409 1,702 (387 ) (225 ) 2,186 Charge-offs — (59 ) (34 ) (3,452 ) (448 ) (3,993 ) Recoveries — 47 14 145 212 418 Provision for (recovery of) credit losses on loans 79 654 (593 ) 5,526 251 5,917 Ending Balance, December 31, 2023 $ 312 $ 3,159 $ 4,698 $ 3,706 $ 99 $ 11,974 Ending Balance: Individually evaluated for impairment — — — 2,705 — 2,705 Collectively evaluated for impairment 312 3,159 4,698 1,001 99 9,269 Loans: Ending Balance $ 52,680 $ 344,369 $ 447,272 $ 113,074 $ 12,035 $ 969,430 Individually evaluated for impairment 38 495 — 6,230 — 6,763 Collectively evaluated for impairment 52,642 343,874 447,272 106,844 12,035 962,667 March 31, 2023 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, 2022 $ 546 $ 1,108 $ 3,609 $ 1,874 $ 309 $ 7,446 Adjustment to allowance for adoption of ASU 2016-13 (313 ) 1,409 1,705 (391 ) (224 ) 2,186 Charge-offs — — — (851 ) (126 ) (977 ) Recoveries — 5 2 — 55 62 Provision for (recovery of) credit losses on loans 11 74 (150 ) (15 ) 80 — Ending Balance, March 31, 2023 $ 244 $ 2,596 $ 5,166 $ 617 $ 94 $ 8,717 Ending Balance: Individually evaluated for impairment — — — — — — Collectively evaluated for impairment 244 2,596 5,166 617 94 8,717 Loans: Ending Balance $ 48,610 $ 334,302 $ 416,001 $ 110,937 $ 8,117 $ 917,967 Individually evaluated for impairment 1,044 474 73 — — 1,591 Collectively evaluated for impairment 47,566 333,828 415,928 110,937 8,117 916,376
Financing Receivable, Nonaccrual [Table Text Block]	March 31, 2024 December 31, 2023 March 31, 2023 Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans with No Allowance Nonaccrual loans with an Allowance Total Nonaccrual Loans Real estate loans: Construction and land development $ 37 $ — $ 37 $ 38 $ — $ 38 $ 1,044 $ — $ 1,044 Secured by 1-4 family residential 775 — 775 495 — 495 474 — 474 Other real estate loans — — — — — — 73 — 73 Commercial and industrial — 7,203 7,203 — 6,230 6,230 — — — Total $ 812 $ 7,203 $ 8,015 $ 533 $ 6,230 $ 6,763 $ 1,591 $ — $ 1,591
Financing Receivable, Collateral Dependent Loans [Table Text Block]	March 31, 2024 December 31, 2023 March 31, 2023 (Dollars in thousands) Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real Estate Secured Non-Real Estate Secured Total Collateral-Dependent Loans Real estate loans: Construction and land development $ 37 $ — $ 37 $ 38 $ — $ 38 $ 1,044 $ — $ 1,044 Secured by 1-4 family residential 775 — 775 495 — 495 474 — 474 Other real estate loans — — — — — — 73 — 73 Commercial and industrial — — — — — — — — — Total $ 812 $ — $ 812 $ 533 $ — $ 533 $ 1,591 $ — $ 1,591

Note 5 - Earnings Per Common _2

Note 5 - Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2024 March 31, 2023 (Numerator): Net income $ 3,209 $ 3,849 (Denominator): Weighted average shares outstanding – basic 6,269,790 6,273,913 Potentially dilutive common shares – restricted stock units 12,744 7,203 Weighted average shares outstanding – diluted 6,282,534 6,281,116 Income per common share Basic $ 0.51 $ 0.61 Diluted $ 0.51 $ 0.61

Note 6 - Fair Value Measureme_2

Note 6 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	Fair Value Measurements at March 31, 2024 Description Balance as of March 31, 2024 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 $ 11,399 $ — $ 11,399 $ — U.S. agency and mortgage-backed securities 80,968 — 80,968 — Obligations of states and political subdivisions 55,308 — 55,308 — Total securities available for sale $ 147,675 $ — $ 147,675 $ — Derivatives - cash flow hedges 2,672 — 2,672 — Total assets $ 150,347 $ — $ 150,347 $ — Fair Value Measurements at December 31, 2023 Description Balance as of December 31, 2023 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 $ 11,450 $ — $ 11,450 $ — U.S. agency and mortgage-backed securities 84,800 — 84,800 — Obligations of states and political subdivisions 56,607 — 56,607 — Total securities available for sale $ 152,857 $ — $ 152,857 $ — Derivatives - cash flow hedges 2,488 — 2,488 — Total assets $ 155,345 $ — $ 155,345 $ —
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements at March 31, 2024 Description Balance as of March 31, 2024 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent loans $ 812 $ — $ — $ 812 Fair Value Measurements at December 31, 2023 Description Balance as of December 31, 2023 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Collateral dependent loans $ 533 $ — $ — $ 533
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Quantitative information about Level 3 Fair Value Measurements for March 31, 2024 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Collateral dependent loans $ 812 Present value of cash flows Discount rate 6.50 % Quantitative information about Level 3 Fair Value Measurements for December 31, 2023 Fair Value Valuation Technique Unobservable Input Range (Weighted Average) (1) Collateral dependent loans $ 533 Present value of cash flows Discount rate 6.50 %
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at March 31, 2024 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 interest-bearing deposits in banks $ 138,709 $ 138,709 $ — $ — $ 138,709 Securities available for sale 147,675 — 147,675 — 147,675 Securities held to maturity 125,825 — 113,973 — 113,973 Restricted securities 2,112 — 2,112 — 2,112 Loans, net 960,371 — — 922,604 922,604 Bank owned life insurance 24,652 — 24,652 — 24,652 Accrued interest receivable 4,978 — 4,978 — 4,978 Derivatives - cash flow hedges 2,672 — 2,672 — 2,672 Financial Liabilities Deposits $ 1,259,137 $ — 1,061,550 194,320 $ 1,255,870 Other borrowings 50,000 — — 49,816 49,816 Subordinated debt 4,998 — — 5,487 5,487 Junior subordinated debt 9,279 — — 8,141 8,141 Accrued interest payable 864 — 864 — 864 Fair Value Measurements at December 31, 2023 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 interest-bearing deposits in banks $ 87,161 $ 87,161 $ — $ — $ 87,161 Securities available for sale 152,857 — 152,857 — 152,857 Securities held to maturity 148,244 — 137,507 — 137,507 Restricted securities 2,078 — 2,078 — 2,078 Loans, net 957,456 — — 919,266 919,266 Bank owned life insurance 24,902 — 24,902 — 24,902 Accrued interest receivable 4,655 — 4,655 — 4,655 Derivatives - cash flow hedges 2,488 — 2,488 — 2,488 Financial Liabilities Deposits $ 1,233,726 $ — $ 1,041,377 $ 189,354 $ 1,230,731 Other borrowings 50,000 — — 49,987 49,987 Subordinated debt 4,997 — — 5,412 5,412 Junior subordinated debt 9,279 — — 8,493 8,493 Accrued interest payable 764 — 764 — 764

Note 7 - Stock Compensation P_2

Note 7 - Stock Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Three Months Ended March 31, 2024 Shares Weighted Average Grant Date Fair Value Unvested, beginning of year 41,507 $ 18.47 Granted 13,412 19.06 Vested (17,762 ) 19.59 Forfeited — — Unvested, end of period 37,157 $ 18.25

Note 8 - Accumulated Other Co_2

Note 8 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2024
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, 2022 $ (24,587 ) $ 2,116 $ (22,471 ) Unrealized holding losses (net of tax, $ 576 2,162 — 2,162 Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $ 84 316 — 316 Change in fair value of cash flow hedge (net of tax, ($ 60 — (223 ) (223 ) Change during period 2,478 (223 ) 2,255 Balance at March 31, 2023 $ (22,109 ) $ 1,893 $ (20,216 ) Balance at December 31, 2023 $ (20,671 ) $ 1,965 $ (18,706 ) Unrealized holding losses (net of tax, ($ 332 (1,246 ) — (1,246 ) Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity (net of tax of $ 77 290 — 290 Change in fair value of cash flow hedge (net of tax, $ 38 — 145 145 Change during period (956 ) 145 (811 ) Balance at March 31, 2024 $ (21,627 ) $ 2,110 $ (19,517 )

Note 9 - Revenue Recognition (T

Note 9 - Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended March 31, 2024 March 31, 2023 Noninterest Income Service charges on deposit accounts $ 654 $ 646 ATM and check card fees 770 800 Wealth management fees 883 776 Brokered mortgage fees 38 — Fees for other customer services 195 196 Noninterest income (in-scope of Topic 606) $ 2,540 $ 2,418 Noninterest income (out-of-scope of Topic 606) 1,507 360 Total noninterest income $ 4,047 $ 2,778

Note 10 - Derivative Financia_2

Note 10 - Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2024
Notes Tables
Schedule of Derivative Instruments [Table Text Block]	March 31, 2024 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,672 $ — $ — December 31, 2023 Notional Amount Assets Liabilities Collateral Pledged(1) Cash Flow Hedges Interest rate swap contracts $ 9,000 $ 2,488 $ — $ —

Note 1 - General (Details Textu

Note 1 - General (Details Textual) - USD ($) $ in Thousands, shares in Millions	Mar. 25, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets		$ 1,447,195	$ 1,419,295
Financing Receivable, before Allowance for Credit Loss		972,974	969,430	$ 917,967
Deposits		$ 1,259,137	1,233,726
Touchstone Bankshares, Inc [Member]
Assets			673,200
Financing Receivable, before Allowance for Credit Loss			506,000
Deposits			$ 557,600
Touchstone Bankshares, Inc [Member]
Business Combination, Consideration Transferred	$ 47,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	2.7

Note 2 - Securities (Details Te

Note 2 - Securities (Details Textual) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 01, 2022 USD ($)
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss	$ 756
Debt Securities, Held-to-Maturity, Accrued Interest, after Allowance for Credit Loss	$ 548
Weighted Average Re-pricing Term (Year)	6 years 2 months 12 days	5 years 10 months 24 days
Available For Sale Securities Transferred to Held For Sale			24
Debt Securities, Available-for-Sale, Amortized Cost	$ 169,854	$ 173,458	$ 82,200
Debt Securities, Available-for-Sale	147,675	152,857	74,400
Debt Securities, Available-for-Sale, Unrealized Loss			$ 7,800
OCI, Debt Securities, Available-for-Sale, Transfer to Held-to-Maturity, Adjustment from AOCI for Amortization of Gain (Loss), before Tax	367
Other Assets [Member]
Equity Securities without Readily Determinable Fair Value, Amount	$ 642	642
US Treasury Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	3
Available-for-Sale Securities, Number of Securities	3
Debt Securities, Available-for-Sale, Amortized Cost	$ 12,478	12,476
Debt Securities, Available-for-Sale	$ 11,399	11,450
Mortgage-Backed Security, Issued by US Government-Sponsored Enterprise [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	94
Available-for-Sale Securities, Number of Securities	109
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-Sale, Unrealized Loss Position, Number of Positions	94
Available-for-Sale Securities, Number of Securities	108
Debt Securities, Available-for-Sale, Amortized Cost	$ 63,461	64,045
Debt Securities, Available-for-Sale	$ 55,308	$ 56,607

Note 2 - Securities - Summary o

Note 2 - Securities - Summary of Amortized Costs and Fair Values of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 01, 2022
Debt Securities, Available-for-Sale, Amortized Cost	$ 169,854	$ 173,458	$ 82,200
Gross unrealized gains, available for sale securities	51	61
Gross unrealized losses, available for sale securities	(22,230)	(20,662)
Debt Securities, Available-for-Sale	147,675	152,857	$ 74,400
Securities available for sale, AFS	0	0
Amortized cost, held to maturity	125,941	148,351
Gross unrealized gains, held to maturity securities	40	107
Gross unrealized losses, held to maturity securities	(11,892)	(10,844)
Fair value, held to maturity securities	114,089	137,614
Securities available for sale, HTM	(116)	(107)
Amortized cost	295,795	321,809
Gross unrealized gains	91	168
Gross unrealized losses	(34,122)	(31,506)
Total securities, fair value	261,764	290,471
Total securities, allowance for credit loss	(116)	(107)
US Treasury Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost	12,478	12,476
Gross unrealized gains, available for sale securities	0	0
Gross unrealized losses, available for sale securities	(1,079)	(1,026)
Debt Securities, Available-for-Sale	11,399	11,450
Securities available for sale, AFS	0	0
Amortized cost, held to maturity	19,277	39,085
Gross unrealized gains, held to maturity securities	0	0
Gross unrealized losses, held to maturity securities	(349)	(389)
Fair value, held to maturity securities	18,928	38,696
Securities available for sale, HTM	0	0
US Agency and Mortgage-backed Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost	93,915	96,937
Gross unrealized gains, available for sale securities	50	55
Gross unrealized losses, available for sale securities	(12,997)	(12,192)
Debt Securities, Available-for-Sale	80,968	84,800
Securities available for sale, AFS	0	0
Amortized cost, held to maturity	92,019	94,617
Gross unrealized gains, held to maturity securities	0	0
Gross unrealized losses, held to maturity securities	(10,033)	(8,992)
Fair value, held to maturity securities	81,986	85,625
Securities available for sale, HTM	0	0
US States and Political Subdivisions Debt Securities [Member]
Debt Securities, Available-for-Sale, Amortized Cost	63,461	64,045
Gross unrealized gains, available for sale securities	1	6
Gross unrealized losses, available for sale securities	(8,154)	(7,444)
Debt Securities, Available-for-Sale	55,308	56,607
Securities available for sale, AFS	0	0
Amortized cost, held to maturity	11,645	11,649
Gross unrealized gains, held to maturity securities	40	107
Gross unrealized losses, held to maturity securities	(996)	(943)
Fair value, held to maturity securities	10,689	10,813
Securities available for sale, HTM	(1)	0
Corporate Debt Securities [Member]
Amortized cost, held to maturity	3,000	3,000
Gross unrealized gains, held to maturity securities	0	0
Gross unrealized losses, held to maturity securities	(514)	(520)
Fair value, held to maturity securities	2,486	2,480
Securities available for sale, HTM	$ (115)	$ (107)

Note 2 - Securities - Investmen

Note 2 - Securities - Investments in an Unrealized Loss Position That Were Temporarily Impaired (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Less than 12 months, fair value, available for sale securities	$ 6,609	$ 5,750
Less than 12 months, unrealized (loss), available for sale securities	(208)	(244)
12 months or more, fair value, available for sale securities	135,181	137,254
12 months or more, unrealized (loss), available for sale securities	(22,022)	(20,418)
Total, fair value, available for sale securities	141,790	143,004
Total, unrealized (loss), available for sale securities	(22,230)	(20,662)
US Treasury Securities [Member]
Less than 12 months, fair value, available for sale securities	0	0
Less than 12 months, unrealized (loss), available for sale securities	0	0
12 months or more, fair value, available for sale securities	11,399	11,450
12 months or more, unrealized (loss), available for sale securities	(1,079)	(1,026)
Total, fair value, available for sale securities	11,399	11,450
Total, unrealized (loss), available for sale securities	(1,079)	(1,026)
US Agency and Mortgage-backed Securities [Member]
Less than 12 months, fair value, available for sale securities	1,268	1,281
Less than 12 months, unrealized (loss), available for sale securities	(13)	(29)
12 months or more, fair value, available for sale securities	75,506	78,800
12 months or more, unrealized (loss), available for sale securities	(12,984)	(12,163)
Total, fair value, available for sale securities	76,774	80,081
Total, unrealized (loss), available for sale securities	(12,997)	(12,192)
US States and Political Subdivisions Debt Securities [Member]
Less than 12 months, fair value, available for sale securities	5,341	4,469
Less than 12 months, unrealized (loss), available for sale securities	(195)	(215)
12 months or more, fair value, available for sale securities	48,276	47,004
12 months or more, unrealized (loss), available for sale securities	(7,959)	(7,229)
Total, fair value, available for sale securities	53,617	51,473
Total, unrealized (loss), available for sale securities	$ (8,154)	$ (7,444)

Note 2 - Securities - Amortized

Note 2 - Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 01, 2022
Due within one year, amortized cost, available for sale securities	$ 796
Due within one year, fair value, available for sale securities	783
Due within one year, amortized cost, held to maturity securities	10,820
Due within one year, fair value, held to maturity securities	10,698
Due after one year through five years, amortized cost, available for sale securities	28,704
Due after one year through five years, fair value, available for sale securities	26,521
Due after one year through five years, amortized cost, held to maturity securities	23,107
Due after one year through five years, fair value, held to maturity securities	21,835
Due after five years through ten years, amortized cost, available for sale securities	32,673
Due after five years through ten years, fair value, available for sale securities	29,684
Due after five years through ten years, amortized cost, held to maturity securities	17,972
Due after five years through ten years, fair value, held to maturity securities	16,117
Due after ten years, amortized cost, available for sale securities	107,681
Due after ten years, fair value, available for sale securities	90,687
Due after ten years, amortized cost, held to maturity securities	74,042
Due after ten years, fair value, held to maturity securities	65,439
Amortized cost, available for sale securities	169,854	$ 173,458	$ 82,200
Fair value, available for sale securities	147,675	152,857	$ 74,400
Amortized cost, held to maturity securities	125,941	148,351
Fair value, held to maturity securities	$ 114,089	$ 137,614

Note 2 - Securities - Compositi

Note 2 - Securities - Composition of Restricted Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Federal Home Loan Bank stock	$ 999	$ 965
Federal Reserve Bank stock	981	981
Community Bankers’ Bank stock	132	132
Total restricted securities	$ 2,112	$ 2,078

Note 2 - Securities - Credit Qu

Note 2 - Securities - Credit Quality Indicators for Held to Maturity Securities (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Amortized cost, held to maturity securities		$ 125,941	$ 148,351
Moody's, Aaa Rating [Member]
Amortized cost, held to maturity securities		45,073	64,828
Moody's, Aa1/Aa2/Aa3 Rating [Member]
Amortized cost, held to maturity securities		8,843	8,842
Moody's, Baa1/ Baa2/ Baa3 Rating [Member]
Amortized cost, held to maturity securities		3,000	3,000
Not Rated - Agency [Member]
Amortized cost, held to maturity securities	[1]	69,025	71,681
US Treasury Securities [Member]
Amortized cost, held to maturity securities		19,277	39,085
US Treasury Securities [Member] | Moody's, Aaa Rating [Member]
Amortized cost, held to maturity securities		19,277	39,085
US Treasury Securities [Member] | Moody's, Aa1/Aa2/Aa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
US Treasury Securities [Member] | Moody's, Baa1/ Baa2/ Baa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
US Treasury Securities [Member] | Not Rated - Agency [Member]
Amortized cost, held to maturity securities	[1]	0	0
US Agency and Mortgage-backed Securities [Member]
Amortized cost, held to maturity securities		92,019	94,617
US Agency and Mortgage-backed Securities [Member] | Moody's, Aaa Rating [Member]
Amortized cost, held to maturity securities		22,994	22,936
US Agency and Mortgage-backed Securities [Member] | Moody's, Aa1/Aa2/Aa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
US Agency and Mortgage-backed Securities [Member] | Moody's, Baa1/ Baa2/ Baa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
US Agency and Mortgage-backed Securities [Member] | Not Rated - Agency [Member]
Amortized cost, held to maturity securities	[1]	69,025	71,681
US States and Political Subdivisions Debt Securities [Member]
Amortized cost, held to maturity securities		11,645	11,649
US States and Political Subdivisions Debt Securities [Member] | Moody's, Aaa Rating [Member]
Amortized cost, held to maturity securities		2,802	2,807
US States and Political Subdivisions Debt Securities [Member] | Moody's, Aa1/Aa2/Aa3 Rating [Member]
Amortized cost, held to maturity securities		8,843	8,842
US States and Political Subdivisions Debt Securities [Member] | Moody's, Baa1/ Baa2/ Baa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
US States and Political Subdivisions Debt Securities [Member] | Not Rated - Agency [Member]
Amortized cost, held to maturity securities	[1]	0	0
Corporate Debt Securities [Member]
Amortized cost, held to maturity securities		3,000	3,000
Corporate Debt Securities [Member] | Moody's, Aaa Rating [Member]
Amortized cost, held to maturity securities		0	0
Corporate Debt Securities [Member] | Moody's, Aa1/Aa2/Aa3 Rating [Member]
Amortized cost, held to maturity securities		0	0
Corporate Debt Securities [Member] | Moody's, Baa1/ Baa2/ Baa3 Rating [Member]
Amortized cost, held to maturity securities		3,000	3,000
Corporate Debt Securities [Member] | Not Rated - Agency [Member]
Amortized cost, held to maturity securities	[1]	$ 0	$ 0
[1]Generally considered not to have credit risk given the implied governmental guarantees associated with these agencies.

Note 2 - Securities - Changes i

Note 2 - Securities - Changes in the Allowance for Credit Loss on Held to Maturity Securities (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Balance, HTM	$ 107
Provision for credit losses, HTM	9
Charge-offs of securities, HTM	0
Recoveries, HTM	0
Balance, HTM	116
US Treasury Securities [Member]
Balance, HTM	0
Provision for credit losses, HTM	0
Charge-offs of securities, HTM	0
Recoveries, HTM	0
Balance, HTM	0
US Agency and Mortgage-backed Securities [Member]
Balance, HTM	0
Provision for credit losses, HTM	0
Charge-offs of securities, HTM	0
Recoveries, HTM	0
Balance, HTM	0
US States and Political Subdivisions Debt Securities [Member]
Balance, HTM	0
Provision for credit losses, HTM	1
Charge-offs of securities, HTM	0
Recoveries, HTM	0
Balance, HTM	1
Corporate Debt Securities [Member]
Balance, HTM	107
Provision for credit losses, HTM	8
Charge-offs of securities, HTM	0
Recoveries, HTM	0
Balance, HTM	$ 115

Note 3 - Loans (Details Textual

Note 3 - Loans (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Financing Receivable, Unamortized Loan Cost (Fee) and Purchase Premium (Discount)	$ 1,100	$ 1,100
Financing Receivable, before Allowance for Credit Loss	972,974	969,430	$ 917,967
Financing Receivable, Purchased with Credit Deterioration, Discount (Premium)	1,800
Commercial and Industrial Loans [Member]
Financing Receivable, Unamortized Purchase Premium (Discount)	7,400	7,900
Financing Receivable, before Allowance for Credit Loss	113,562	113,074	110,937
Consumer and Other Loans [Member]
Financing Receivable, before Allowance for Credit Loss	13,949	12,035	$ 8,117
Consumer and Other Loans [Member] | Demand Deposit Overdrafts [Member]
Financing Receivable, before Allowance for Credit Loss	$ 251	$ 222

Note 3 - Loans - Summary of Loa

Note 3 - Loans - Summary of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Dec. 30, 2022
Loans	$ 972,974	$ 969,430	$ 917,967
Allowance for credit losses	(12,603)	(11,974)	(8,717)	$ (7,446)	$ (7,446)
Loans, net	960,371	957,456
Commercial and Industrial Loans [Member]
Loans	113,562	113,074	110,937
Allowance for credit losses	(4,493)	(3,706)	(617)	(1,874)	(1,874)
Consumer and Other Loans [Member]
Loans	13,949	12,035	8,117
Allowance for credit losses	(74)	(99)	(94)	(309)	(309)
Construction and Land Development [Member] | Real Estate 1 [Member]
Loans	53,364	52,680	48,610
Allowance for credit losses	(355)	(312)	(244)	(546)	(546)
Secured by Multi-family Residential Properties [Member] | Real Estate 1 [Member]
Loans	347,014	344,369	334,302
Allowance for credit losses	(2,757)	(3,159)	(2,596)	(1,108)	(1,108)
Other Real Estate Loans [Member] | Real Estate 1 [Member]
Loans	445,085	447,272	416,001
Allowance for credit losses	$ (4,924)	$ (4,698)	$ (5,166)	$ (3,609)	$ (3,609)

Note 3 - Loans - Acquired Loans

Note 3 - Loans - Acquired Loans in Business Combinations (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Loans	$ 972,974	$ 969,430	$ 917,967
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	960,371	957,456
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	53,364	52,680	48,610
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	347,014	344,369	334,302
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	445,085	447,272	416,001
Commercial and Industrial Loans [Member]
Loans	113,562	113,074	110,937
Consumer and Other Loans [Member]
Loans	13,949	12,035	$ 8,117
Financial Asset Acquired and No Credit Deterioration [Member]
Loans	155,913	164,028
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	154,068	162,085
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Construction and Land Development [Member]
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	7,676	7,851
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	35,044	36,290
Financial Asset Acquired and No Credit Deterioration [Member] | Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	91,362	94,882
Financial Asset Acquired and No Credit Deterioration [Member] | Commercial and Industrial Loans [Member]
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	16,558	19,611
Financial Asset Acquired and No Credit Deterioration [Member] | Consumer and Other Loans [Member]
Loans, net of allowance for credit losses, 2024, $12,603; 2023, $11,974	$ 3,428	$ 3,451

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	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Loans	$ 972,974	$ 969,430	$ 917,967
Non-accrual loans	8,015	6,763	1,591
Accruing loans past due 90 days or more amounted	175	524
Financial Asset, 30 to 59 Days Past Due [Member]
Loans	2,131	1,832
Financial Asset, 60 to 89 Days Past Due [Member]
Loans	840	670
Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	175	709
Financial Asset, Past Due [Member]
Loans	3,146	3,211
Financial Asset, Not Past Due [Member]
Loans	969,828	966,219
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	53,364	52,680	48,610
Non-accrual loans	37	38	1,044
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	0	183
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	0	4
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	0	38
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Past Due [Member]
Loans	0	225
Real Estate 1 [Member] | Construction and Land Development [Member] | Financial Asset, Not Past Due [Member]
Loans	53,364	52,455
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	347,014	344,369	334,302
Non-accrual loans	775	495	474
Accruing loans past due 90 days or more amounted	130	245
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	1,604	1,364
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	65	350
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	130	392
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Past Due [Member]
Loans	1,799	2,106
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Financial Asset, Not Past Due [Member]
Loans	345,215	342,263
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	445,085	447,272	416,001
Non-accrual loans	0	0	73
Accruing loans past due 90 days or more amounted	0	82
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	0	0
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	82
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, Past Due [Member]
Loans	0	82
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	445,085	447,190
Commercial and Industrial Loans [Member]
Loans	113,562	113,074	110,937
Non-accrual loans	7,203	6,230	0
Accruing loans past due 90 days or more amounted	45	197
Commercial and Industrial Loans [Member] | Financial Asset, 30 to 59 Days Past Due [Member]
Loans	474	252
Commercial and Industrial Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	769	316
Commercial and Industrial Loans [Member] | Financial Asset, Equal to or Greater than 90 Days Past Due [Member]
Loans	45	197
Commercial and Industrial Loans [Member] | Financial Asset, Past Due [Member]
Loans	1,288	765
Commercial and Industrial Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	112,274	112,309
Consumer and Other Loans [Member]
Loans	13,949	12,035	$ 8,117
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	53	33
Consumer and Other Loans [Member] | Financial Asset, 60 to 89 Days Past Due [Member]
Loans	6	0
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	59	33
Consumer and Other Loans [Member] | Financial Asset, Not Past Due [Member]
Loans	$ 13,890	$ 12,002

Note 3 - Loans - Analysis of th

Note 3 - Loans - Analysis of the Credit Risk Profile of Each Loan Class (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loans	$ 972,974	$ 917,967	$ 969,430
Current period gross write-offs, total	414	977	3,993
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans, current year	419
Loans, one year before	1,716
Loans, two years before	2,809
Loans, three years before	4,183
Loans, four years before	3,330
Loans, prior	4,742
Loans, revolving	36,165
Loans	53,364	48,610	52,680
Current period gross write-offs, current year	0
Current period gross write-offs. one year before	0
Current period gross write-offs, two years before	4
Current period gross write-offs, three years before	0
Current period gross write-offs, four years before	0
Current period gross write-offs, prior	0
Current period gross write-offs, revolving	0
Current period gross write-offs, total	4	0	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Pass [Member]
Loans, current year	419
Loans, one year before	1,716
Loans, two years before	2,809
Loans, three years before	4,183
Loans, four years before	3,330
Loans, prior	4,705
Loans, revolving	36,165
Loans	53,327
Real Estate 1 [Member] | Construction and Land Development [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Real Estate 1 [Member] | Construction and Land Development [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	37
Loans, revolving	0
Loans	37
Real Estate 1 [Member] | Construction and Land Development [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans, current year	3,937
Loans, one year before	37,427
Loans, two years before	66,054
Loans, three years before	58,713
Loans, four years before	37,782
Loans, prior	94,422
Loans, revolving	48,679
Loans	347,014	334,302	344,369
Current period gross write-offs, current year	0
Current period gross write-offs. one year before	0
Current period gross write-offs, two years before	0
Current period gross write-offs, three years before	0
Current period gross write-offs, four years before	0
Current period gross write-offs, prior	10
Current period gross write-offs, revolving	0
Current period gross write-offs, total	10	0	59
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Pass [Member]
Loans, current year	3,937
Loans, one year before	37,427
Loans, two years before	65,965
Loans, three years before	58,505
Loans, four years before	37,782
Loans, prior	93,662
Loans, revolving	48,679
Loans	345,957
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before
Loans, two years before	89
Loans, three years before	208
Loans, four years before	0
Loans, prior	760
Loans, revolving	0
Loans	1,057
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans, current year	2,876
Loans, one year before	49,906
Loans, two years before	94,347
Loans, three years before	92,627
Loans, four years before	40,803
Loans, prior	152,384
Loans, revolving	12,142
Loans	445,085	416,001	447,272
Current period gross write-offs, current year	0
Current period gross write-offs. one year before	0
Current period gross write-offs, two years before	0
Current period gross write-offs, three years before	0
Current period gross write-offs, four years before	0
Current period gross write-offs, prior	0
Current period gross write-offs, revolving	0
Current period gross write-offs, total	0	0	34
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Pass [Member]
Loans, current year	2,876
Loans, one year before	49,906
Loans, two years before	94,347
Loans, three years before	92,627
Loans, four years before	40,803
Loans, prior	152,384
Loans, revolving	12,142
Loans	445,085
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving
Loans	0
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Commercial and Industrial Loans [Member]
Loans, current year	7,403
Loans, one year before	22,975
Loans, two years before	25,393
Loans, three years before	18,718
Loans, four years before	2,449
Loans, prior	11,317
Loans, revolving	25,307
Loans	113,562	110,937	113,074
Current period gross write-offs, current year	0
Current period gross write-offs. one year before	317
Current period gross write-offs, two years before	0
Current period gross write-offs, three years before	0
Current period gross write-offs, four years before	0
Current period gross write-offs, prior	0
Current period gross write-offs, revolving	0
Current period gross write-offs, total	317	851	3,452
Commercial and Industrial Loans [Member] | Pass [Member]
Loans, current year	7,403
Loans, one year before	22,279
Loans, two years before	19,892
Loans, three years before	17,278
Loans, four years before	2,449
Loans, prior	10,365
Loans, revolving	25,307
Loans	104,973
Commercial and Industrial Loans [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	1,371
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	1,371
Commercial and Industrial Loans [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	696
Loans, two years before	4,130
Loans, three years before	1,440
Loans, four years before	0
Loans, prior	952
Loans, revolving	0
Loans	7,218
Commercial and Industrial Loans [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Consumer and Other Loans [Member]
Loans, current year	1,951
Loans, one year before	2,427
Loans, two years before	1,027
Loans, three years before	326
Loans, four years before	1,328
Loans, prior	2,116
Loans, revolving	4,774
Loans	13,949	8,117	12,035
Current period gross write-offs, current year	70
Current period gross write-offs. one year before	4
Current period gross write-offs, two years before	6
Current period gross write-offs, three years before	3
Current period gross write-offs, four years before	0
Current period gross write-offs, prior	0
Current period gross write-offs, revolving	0
Current period gross write-offs, total	83	$ 126	$ 448
Consumer and Other Loans [Member] | Pass [Member]
Loans, current year	1,951
Loans, one year before	2,427
Loans, two years before	1,027
Loans, three years before	326
Loans, four years before	1,328
Loans, prior	2,116
Loans, revolving	4,774
Loans	13,949
Consumer and Other Loans [Member] | Special Mention [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Consumer and Other Loans [Member] | Substandard [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	0
Consumer and Other Loans [Member] | Doubtful [Member]
Loans, current year	0
Loans, one year before	0
Loans, two years before	0
Loans, three years before	0
Loans, four years before	0
Loans, prior	0
Loans, revolving	0
Loans	$ 0

Note 4 - Allowance for Credit_3

Note 4 - Allowance for Credit Losses (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Modified, Accumulated	$ 0
Off-Balance-Sheet, Credit Loss, Liability, Credit Loss Expense (Reversal)	0
Other Liabilities [Member]
Off-Balance-Sheet, Credit Loss, Liability	$ 413	$ 153

Note 4 - Allowance for Credit_4

Note 4 - Allowance for Credit Losses - Allowance by Impairment Methodology and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	3 Months Ended			12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2023	Dec. 31, 2023
Balance	$ 11,974	$ 7,446	$ 7,446	$ 7,446
Charge-offs	(414)		(977)	(3,993)
Recoveries	52		62	418
Provision for (recovery of) credit losses on loans	991	0	0	5,917
Balance	12,603	8,717	8,717	11,974
Individually evaluated	3,569	0	0	2,705
Collectively evaluated	9,034	8,717	8,717	9,269
Loans	972,974	917,967	917,967	969,430
Individually evaluated	8,011	1,591	1,591	6,763
Collectively evaluated	964,963	916,376	916,376	962,667
Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		2,186	2,186	2,186
Real Estate 1 [Member] | Construction and Land Development [Member]
Balance	312	546	546	546
Charge-offs	(4)		0	0
Recoveries	0		0	0
Provision for (recovery of) credit losses on loans	47		11	79
Balance	355	244	244	312
Individually evaluated	0	0	0	0
Collectively evaluated	355	244	244	312
Loans	53,364	48,610	48,610	52,680
Individually evaluated	37	1,044	1,044	38
Collectively evaluated	53,327	47,566	47,566	52,642
Real Estate 1 [Member] | Construction and Land Development [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		(313)	(313)	(313)
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Balance	3,159	1,108	1,108	1,108
Charge-offs	(10)		0	(59)
Recoveries	4		5	47
Provision for (recovery of) credit losses on loans	(396)		74	654
Balance	2,757	2,596	2,596	3,159
Individually evaluated	0	0	0	0
Collectively evaluated	2,757	2,596	2,596	3,159
Loans	347,014	334,302	334,302	344,369
Individually evaluated	772	474	474	495
Collectively evaluated	346,242	333,828	333,828	343,874
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		1,409	1,409	1,409
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Balance	4,698	3,609	3,609	3,609
Charge-offs	0		0	(34)
Recoveries	1		2	14
Provision for (recovery of) credit losses on loans	225		(150)	(593)
Balance	4,924	5,166	5,166	4,698
Individually evaluated	0	0	0	0
Collectively evaluated	4,924	5,166	5,166	4,698
Loans	445,085	416,001	416,001	447,272
Individually evaluated	0	73	73	0
Collectively evaluated	445,085	415,928	415,928	447,272
Real Estate 1 [Member] | Other Real Estate Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		1,702	1,705	1,702
Commercial and Industrial Loans [Member]
Balance	3,706	1,874	1,874	1,874
Charge-offs	(317)		(851)	(3,452)
Recoveries	6		0	145
Provision for (recovery of) credit losses on loans	1,098		(15)	5,526
Balance	4,493	617	617	3,706
Individually evaluated	3,569	0	0	2,705
Collectively evaluated	924	617	617	1,001
Loans	113,562	110,937	110,937	113,074
Individually evaluated	7,202	0	0	6,230
Collectively evaluated	106,360	110,937	110,937	106,844
Commercial and Industrial Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		(387)	(391)	(387)
Consumer and Other Loans [Member]
Balance	99	309	309	309
Charge-offs	(83)		(126)	(448)
Recoveries	41		55	212
Provision for (recovery of) credit losses on loans	17		80	251
Balance	74	94	94	99
Individually evaluated	0	0	0	0
Collectively evaluated	74	94	94	99
Loans	13,949	8,117	8,117	12,035
Individually evaluated	0	0	0	0
Collectively evaluated	$ 13,949	8,117	8,117	12,035
Consumer and Other Loans [Member] | Accounting Standards Update 2016-13 [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member]
Balance		$ (225)	$ (224)	$ (225)

Note 4 - Allowance for Credit_5

Note 4 - Allowance for Credit Losses - Nonaccrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Nonaccrual, No Allowance	$ 812	$ 533	$ 1,591
Nonaccrual, With Allowance	7,203	6,230	0
Non-accrual loans	8,015	6,763	1,591
Real Estate 1 [Member] | Construction and Land Development [Member]
Nonaccrual, No Allowance	37	38	1,044
Nonaccrual, With Allowance	0	0	0
Non-accrual loans	37	38	1,044
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Nonaccrual, No Allowance	775	495	474
Nonaccrual, With Allowance	0	0	0
Non-accrual loans	775	495	474
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Nonaccrual, No Allowance	0	0	73
Nonaccrual, With Allowance	0	0	0
Non-accrual loans	0	0	73
Commercial and Industrial Loans [Member]
Nonaccrual, No Allowance	0	0	0
Nonaccrual, With Allowance	7,203	6,230	0
Non-accrual loans	$ 7,203	$ 6,230	$ 0

Note 4 - Allowance for Credit_6

Note 4 - Allowance for Credit Losses- Collateral Dependent Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Loans	$ 972,974	$ 969,430	$ 917,967
Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	53,364	52,680	48,610
Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	347,014	344,369	334,302
Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	445,085	447,272	416,001
Real Estate [Member] | Real Estate 1 [Member]
Loans	812	533	1,591
Real Estate [Member] | Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	37	38	1,044
Real Estate [Member] | Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	775	495	474
Real Estate [Member] | Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	0	0	73
Real Estate [Member] | Real Estate 1 [Member] | Commercial and Industrial Loans [Member]
Loans	0	0	0
Non Real Estate [Member] | Real Estate 1 [Member]
Loans	0	0	0
Non Real Estate [Member] | Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	0	0	0
Non Real Estate [Member] | Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	0	0	0
Non Real Estate [Member] | Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	0	0	0
Non Real Estate [Member] | Real Estate 1 [Member] | Commercial and Industrial Loans [Member]
Loans	0	0	0
Collateral Pledged [Member] | Real Estate 1 [Member]
Loans	812	533	1,591
Collateral Pledged [Member] | Real Estate 1 [Member] | Construction and Land Development [Member]
Loans	37	38	1,044
Collateral Pledged [Member] | Real Estate 1 [Member] | Secured by Multi-family Residential Properties [Member]
Loans	775	495	474
Collateral Pledged [Member] | Real Estate 1 [Member] | Other Real Estate Loans [Member]
Loans	0	0	73
Collateral Pledged [Member] | Real Estate 1 [Member] | Commercial and Industrial Loans [Member]
Loans	$ 0	$ 0	$ 0

Note 5 - Earnings Per Common _3

Note 5 - Earnings Per Common Share (Details Textual)	3 Months Ended
	Mar. 31, 2024 shares
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	882

Note 5 - Earnings Per Common _4

Note 5 - Earnings Per Common Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net income	$ 3,209	$ 3,849
Weighted average shares outstanding – basic (in shares)	6,269,790	6,273,913
Potentially dilutive common shares – restricted stock units (in shares)	12,744	7,203
Weighted average shares outstanding – diluted (in shares)	6,282,534	6,281,116
Basic (in dollars per share)	$ 0.51	$ 0.61
Diluted (in dollars per share)	$ 0.51	$ 0.61

Note 6 - Fair Value Measureme_3

Note 6 - Fair Value Measurements - Balances of Assets Measured at Fair Value on Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 01, 2022
Fair value, available for sale securities	$ 147,675	$ 152,857	$ 74,400
Fair Value, Recurring [Member]
Fair value, available for sale securities	147,675	152,857
Derivatives - cash flow hedges	2,672	2,488
Assets, Fair Value	150,347	155,345
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	147,675	152,857
Derivatives - cash flow hedges	2,672	2,488
Assets, Fair Value	150,347	155,345
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	11,399	11,450
US Treasury Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities	11,399	11,450
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	11,399	11,450
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	80,968	84,800
US Agency and Mortgage-backed Securities [Member] | Fair Value, Recurring [Member]
Fair value, available for sale securities	80,968	84,800
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	80,968	84,800
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	55,308	56,607
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	55,308	56,607
Municipal Bonds [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value, available for sale securities	$ 0	$ 0

Note 6 - Fair Value Measureme_4

Note 6 - Fair Value Measurements - Assets Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Nonrecurring [Member] - Collateral Dependent Loans [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets, Fair Value	$ 812	$ 533
Fair Value, Inputs, Level 1 [Member]
Assets, Fair Value	0	0
Fair Value, Inputs, Level 2 [Member]
Assets, Fair Value	0	0
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	$ 812	$ 533

Note 6 - Fair Value Measureme_5

Note 6 - Fair Value Measurements - Quantitative Information About Level 3 Fair Value Measurements (Details) - Fair Value, Nonrecurring [Member] - Collateral Dependent Loans [Member] $ in Thousands	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Assets, Fair Value	$ 812	$ 533
Fair Value, Inputs, Level 3 [Member]
Assets, Fair Value	$ 812	$ 533
Fair Value, Inputs, Level 3 [Member] | Measurement Input, Discount Rate [Member]
Collateral dependent loans	0.065	0.065

Note 6 - Fair Value Measureme_6

Note 6 - Fair Value Measurements - Carrying Values and Estimated Values of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Sep. 01, 2022
Fair value, available for sale securities	$ 147,675	$ 152,857	$ 74,400
Restricted securities	2,112	2,078
Bank owned life insurance	24,652	24,902
Reported Value Measurement [Member]
Cash and interest-bearing deposits in banks	138,709	87,161
Fair value, available for sale securities	147,675	152,857
Securities held to maturity	125,825	148,244
Restricted securities	2,112	2,078
Loans, net	960,371	957,456
Bank owned life insurance	24,652	24,902
Accrued interest receivable	4,978	4,655
Derivatives - cash flow hedges	2,672	2,488
Deposits	1,259,137	1,233,726
Other borrowings	50,000	50,000
Subordinated debt	4,998	4,997
Junior subordinated debt	9,279	9,279
Accrued interest payable	864	764
Estimate of Fair Value Measurement [Member]
Cash and interest-bearing deposits in banks	138,709	87,161
Fair value, available for sale securities	147,675	152,857
Securities held to maturity	113,973	137,507
Restricted securities	2,112	2,078
Loans, net	922,604	919,266
Bank owned life insurance	24,652	24,902
Accrued interest receivable	4,978	4,655
Derivatives - cash flow hedges	2,672	2,488
Deposits	1,255,870	1,230,731
Other borrowings	49,816	49,987
Subordinated debt	5,487	5,412
Junior subordinated debt	8,141	8,493
Accrued interest payable	864	764
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member]
Cash and interest-bearing deposits in banks	138,709	87,161
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
Other borrowings	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 interest-bearing deposits in banks	0	0
Fair value, available for sale securities	147,675	152,857
Securities held to maturity	113,973	137,507
Restricted securities	2,112	2,078
Loans, net	0	0
Bank owned life insurance	24,652	24,902
Accrued interest receivable	4,978	4,655
Derivatives - cash flow hedges	2,672	2,488
Deposits	1,061,550	1,041,377
Other borrowings	0	0
Subordinated debt	0	0
Junior subordinated debt	0	0
Accrued interest payable	864	764
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member]
Cash and interest-bearing deposits in banks	0	0
Fair value, available for sale securities	0	0
Securities held to maturity	0	0
Restricted securities	0	0
Loans, net	922,604	919,266
Bank owned life insurance	0	0
Accrued interest receivable	0	0
Derivatives - cash flow hedges	0	0
Deposits	194,320	189,354
Other borrowings	49,816	49,987
Subordinated debt	5,487	5,412
Junior subordinated debt	8,141	8,493
Accrued interest payable	$ 0	$ 0

Note 7 - Stock Compensation P_3

Note 7 - Stock Compensation Plans (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 10, 2023
Board of Directors [Member]
Share-Based Payment Arrangement, Expense	$ 0	$ 200
Restricted Stock Units (RSUs) [Member]
Share-Based Payment Arrangement, Expense	$ 142	$ 138
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	13,412
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount	$ 464
Restricted Stock Units (RSUs) [Member] | Vesting on February 15, 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	4,475
Restricted Stock Units (RSUs) [Member] | Vesting One Half Each Year for Two Years [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares)	8,937
First National Corporation 2023 Stock Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in shares)			325,000

Note 7 - Stock Compensation P_4

Note 7 - Stock Compensation Plans - Summary of Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Unvested, beginning of year (in shares) | shares	41,507
Unvested, beginning of year, weighted average grant date fair value (in dollars per share) | $ / shares	$ 18.47
Granted, shares (in shares) | shares	13,412
Granted, weighted average grant date fair value (in dollars per share) | $ / shares	$ 19.06
Vested, shares (in shares) | shares	(17,762)
Vested, weighted average grant date fair value (in dollars per share) | $ / shares	$ 19.59
Forfeited, shares (in shares) | shares	0
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares	$ 0
Unvested, end of period (in shares) | shares	37,157
Unvested, end of period, weighted average grant date fair value (in dollars per share) | $ / shares	$ 18.25

Note 8 - Accumulated Other Co_3

Note 8 - Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Balance	$ 116,271	$ 108,360
Unrealized holding gains losses	(1,246)	2,162
Total other comprehensive (loss)	(811)	2,255
Balance	117,816	111,811
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-Sale, Parent [Member]
Balance	(20,671)	(24,587)
Unrealized holding gains losses	(1,246)	2,162
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity	290	316
Change in fair value of cash flow hedge (net of tax, ($60))	0	0
Total other comprehensive (loss)	(956)	2,478
Change in fair value of cash flow hedge (net of tax, $38)	0	0
Balance	(21,627)	(22,109)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	1,965	2,116
Unrealized holding gains losses	0	0
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity	0	0
Change in fair value of cash flow hedge (net of tax, ($60))	145	(223)
Total other comprehensive (loss)	145	(223)
Change in fair value of cash flow hedge (net of tax, $38)	145	(223)
Balance	2,110	1,893
AOCI Attributable to Parent [Member]
Balance	(18,706)	(22,471)
Unrealized holding gains losses	(1,246)	2,162
Amortization of unrealized holding losses on available-for-sale securities transferred to held to maturity	290	316
Change in fair value of cash flow hedge (net of tax, ($60))	145	(223)
Total other comprehensive (loss)	(811)	2,255
Change in fair value of cash flow hedge (net of tax, $38)	145	(223)
Balance	$ (19,517)	$ (20,216)

Note 8 - Accumulated Other Co_4

Note 8 - Accumulated Other Comprehensive Income (Loss) - Changes in Each Component of Accumulated Other Comprehensive Income (Loss) (Details) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
OCI, Debt Securities, Available-for-Sale, Unrealized Holding Gain (Loss), before Adjustment, Tax	$ (332)	$ 576
OCI, Debt Securities, Available-for-Sale, Transfer from Held-to-Maturity, Gain (Loss), before Adjustment, Tax	77	84
Change in fair value of cash flow hedges, tax	38	(60)
Change in fair value of cash flow hedges, tax	$ 38	$ (60)

Note 9 - Revenue Recognition -

Note 9 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Noninterest income	$ 2,540	$ 2,418
Noninterest income (out-of-scope of Topic 606)	1,507	360
Total noninterest income	4,047	2,778
Service Charges on Deposit Accounts [Member]
Noninterest income	654	646
ATM and Check Card Fees [Member]
Noninterest income	770	800
Wealth Management Fees [Member]
Noninterest income	883	776
Mortgage Banking [Member]
Noninterest income	38	0
Fees for Other Customer Services [Member]
Noninterest income	$ 195	$ 196

Note 10 - Derivative Financia_3

Note 10 - 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 10 - Derivative Financia_4

Note 10 - Derivative Financial Instruments - Derivative Instruments Components (Details) - Interest Rate Swap [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands		Mar. 31, 2024	Dec. 31, 2023
Notional amount		$ 9,000	$ 9,000
Derivative Assets		2,672	2,488
Derivative liabilities		0	0
Interest rate swap contracts	[1]	$ 0	$ 0
[1]Collateral pledged may be comprised of cash or securities.

Note 11 - Acquisitions (Details

Note 11 - Acquisitions (Details Textual) - USD ($) $ in Thousands, shares in Millions	Mar. 25, 2024	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Assets		$ 1,447,195	$ 1,419,295
Financing Receivable, before Allowance for Credit Loss		972,974	969,430	$ 917,967
Deposits		$ 1,259,137	1,233,726
Touchstone Bankshares, Inc [Member]
Assets			673,200
Financing Receivable, before Allowance for Credit Loss			506,000
Deposits			$ 557,600
Touchstone Bankshares, Inc [Member]
Business Combination, Consideration Transferred	$ 47,000
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	2.7