First Keystone (FKYS) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 02, 2022
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-21344
Document Period End Date	Sep. 30, 2022
Entity Registrant Name	FIRST KEYSTONE CORPORATION
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2249083
Entity Address, Address Line One	111 West Front Street
Entity Address, City or Town	Berwick
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18603
City Area Code	570
Local Phone Number	752-3671
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Title of 12(b) Security	Common stock
Trading Symbol	FKYS
Entity Common Stock, Shares Outstanding		6,000,445
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Central Index Key	0000737875
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2022	Dec. 31, 2021
ASSETS
Cash and due from banks	$ 8,677,000	$ 9,600,000
Interest-bearing deposits in other banks	1,803,000	51,738,000
Total cash and cash equivalents	10,480,000	61,338,000
Time deposits with other banks		247,000
Debt securities available-for-sale, at fair value	386,569,000	437,916,000
Marketable equity securities, at fair value	1,612,000	1,962,000
Restricted investment in bank stocks, at cost	4,408,000	1,919,000
Loans	844,984,000	746,835,000
Loans held for sale	691,000	6,006,000
Allowance for loan losses	(9,211,000)	(8,680,000)
Net loans	836,464,000	744,161,000
Premises and equipment, net	17,823,000	18,158,000
Operating lease right-of-use assets	999,000	1,025,000
Accrued interest receivable	4,479,000	4,361,000
Cash surrender value of bank owned life insurance	25,239,000	24,792,000
Investments in low-income housing partnerships	2,905,000	1,530,000
Goodwill	19,133,000	19,133,000
Deferred income taxes	10,227,000
Other assets	3,912,000	3,808,000
TOTAL ASSETS	1,324,250,000	1,320,350,000
LIABILITIES
Non-interest bearing	251,894,000	249,040,000
Interest bearing	806,415,000	828,929,000
Total deposits	1,058,309,000	1,077,969,000
Short-term borrowings	94,748,000	27,377,000
Long-term borrowings	25,000,000	35,000,000
Subordinated debentures	25,000,000	25,000,000
Operating lease liabilities	1,484,000	1,499,000
Accrued interest payable	573,000	251,000
Deferred income taxes		631,000
Other liabilities	3,713,000	4,068,000
TOTAL LIABILITIES	1,208,827,000	1,171,795,000
STOCKHOLDERS' EQUITY
Preferred stock, par value $2.00 per share; authorized 1,000,000 shares as of September 30, 2022 and December 31, 2021; issued 0 as of September 30, 2022 and December 31, 2021	0	0
Common stock, par value $2.00 per share; authorized 20,000,000 shares as of September 30, 2022 and December 31, 2021; issued 6,232,056 as of September 30, 2022 and 6,178,835 as of December 31, 2021; outstanding 6,000,445 as of September 30, 2022 and 5,947,223 as of December 31, 2021	12,464,000	12,358,000
Surplus	42,072,000	40,940,000
Retained earnings	99,238,000	93,378,000
Accumulated other comprehensive (loss) income	(32,642,000)	7,588,000
Treasury stock, at cost, 231,611 shares as of September 30, 2022 and 231,612 shares as of December 31, 2021	(5,709,000)	(5,709,000)
TOTAL STOCKHOLDERS' EQUITY	115,423,000	148,555,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,324,250,000	$ 1,320,350,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Preferred stock, par value (in dollars per share)	$ 2	$ 2
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 2	$ 2
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	6,232,056	6,178,835
Common stock, shares outstanding	6,000,445	5,947,223
Treasury stock, shares	231,611	231,612

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Interest and fees on loans	$ 8,986	$ 8,331	$ 25,648	$ 24,474
Interest and dividend income on securities:
Taxable	1,960	1,455	5,247	4,055
Tax-exempt	842	854	2,527	2,556
Dividends	19	25	43	49
Dividend income on restricted investment in bank stocks	88	20	158	73
Interest on interest-bearing deposits in other banks	2	31	14	43
Total interest income	11,897	10,716	33,637	31,250
INTEREST EXPENSE
Interest on deposits	1,350	790	2,741	2,368
Interest on short-term borrowings	620	25	830	65
Interest on long-term borrowings	135	195	493	623
Interest on subordinated debt	273	273	817	820
Total interest expense	2,378	1,283	4,881	3,876
Net interest income	9,519	9,433	28,756	27,374
Provision for loan losses	219	185	656	455
Net interest income after provision for loan losses	9,300	9,248	28,100	26,919
NON-INTEREST INCOME
Trust department	236	243	754	761
Service charges and fees	573	496	1,631	1,352
Increase in cash surrender value of life insurance	151	149	447	448
ATM fees and debit card income	531	555	1,598	1,639
Net (losses) gains on sales of mortgage loans	(4)	139	(38)	801
Net securities (losses) gains	(50)	22	(181)	165
Other	56	93	185	271
Total non-interest income	1,493	1,697	4,396	5,437
NON-INTEREST EXPENSE
Salaries and employee benefits	3,677	3,303	10,693	10,064
Occupancy, net	467	448	1,437	1,428
Furniture and equipment expense	137	150	439	430
Computer expense	373	315	1,101	900
Professional services	295	244	963	776
Pennsylvania shares tax	312	309	960	935
FDIC insurance, net	116	103	373	310
ATM and debit card fees	274	281	644	764
Data processing fees	205	295	714	912
Foreclosed assets held for resale expense, net				3
Advertising	96	101	286	282
Other	759	718	2,212	2,207
Total non-interest expense	6,711	6,267	19,822	19,011
Income before income tax expense	4,082	4,678	12,674	13,345
Income tax expense	578	655	1,805	1,839
NET INCOME	$ 3,504	$ 4,023	$ 10,869	$ 11,506
Net income per share:
Basic	$ 0.58	$ 0.68	$ 1.82	$ 1.95
Diluted	0.58	0.68	1.82	1.95
Dividends per share	$ 0.28	$ 0.28	$ 0.84	$ 0.83

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net Income		$ 3,504	$ 4,023	$ 10,869	$ 11,506
Other comprehensive loss:
Unrealized net holding losses on debt securities available-for-sale arising during the period, net of income taxes		(12,204)	(2,460)	(40,209)	(4,185)
Less reclassification adjustment for net gains included in net income, net of income taxes	[1],[2]		(3)	(21)	(3)
Total other comprehensive loss		(12,204)	(2,463)	(40,230)	(4,188)
Total Comprehensive (Loss) Income		$ (8,700)	$ 1,560	$ (29,361)	$ 7,318
[1] Gross amounts are included in net securities (losses) gains on the consolidated statements of income in non-interest income. Income tax amounts are included in income tax expense on the consolidated statements of income.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Other Comprehensive Income (Loss), Unrealized Holding Gain (Loss) on Securities Arising During Period, Tax	$ (3,243)	$ (654)	$ (10,688)	$ (1,113)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Tax	$ 0	$ (1)	$ (6)	$ (1)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Total
Balance at Dec. 31, 2020	$ 12,231	$ 39,543	$ 85,307	$ 12,870	$ (5,709)	$ 144,242
Balance (in shares) at Dec. 31, 2020	6,115,281
Net Income			3,878			3,878
Other comprehensive (loss) income, net of taxes				(3,923)		(3,923)
Issuance of common stock under dividend reinvestment plan	$ 32	351				383
Issuance of common stock under dividend reinvestment plan (in shares)	16,304
Dividends			(1,647)			(1,647)
Balance at Mar. 31, 2021	$ 12,263	39,894	87,538	8,947	(5,709)	142,933
Balance (in shares) at Mar. 31, 2021	6,131,585
Balance at Dec. 31, 2020	$ 12,231	39,543	85,307	12,870	(5,709)	144,242
Balance (in shares) at Dec. 31, 2020	6,115,281
Net Income						11,506
Other comprehensive (loss) income, net of taxes						(4,188)
Balance at Sep. 30, 2021	$ 12,324	40,575	91,916	8,682	(5,709)	147,788
Balance (in shares) at Sep. 30, 2021	6,162,075
Balance at Mar. 31, 2021	$ 12,263	39,894	87,538	8,947	(5,709)	142,933
Balance (in shares) at Mar. 31, 2021	6,131,585
Net Income			3,605			3,605
Other comprehensive (loss) income, net of taxes				2,198		2,198
Issuance of common stock under dividend reinvestment plan	$ 30	329				359
Issuance of common stock under dividend reinvestment plan (in shares)	14,976
Dividends			(1,593)			(1,593)
Balance at Jun. 30, 2021	$ 12,293	40,223	89,550	11,145	(5,709)	147,502
Balance (in shares) at Jun. 30, 2021	6,146,561
Net Income			4,023			4,023
Other comprehensive (loss) income, net of taxes				(2,463)		(2,463)
Issuance of common stock under dividend reinvestment plan	$ 31	352				383
Issuance of common stock under dividend reinvestment plan (in shares)	15,514
Dividends			(1,657)			(1,657)
Balance at Sep. 30, 2021	$ 12,324	40,575	91,916	8,682	(5,709)	147,788
Balance (in shares) at Sep. 30, 2021	6,162,075
Balance at Dec. 31, 2021	$ 12,358	40,940	93,378	7,588	(5,709)	148,555
Balance (in shares) at Dec. 31, 2021	6,178,835
Net Income			3,543			3,543
Other comprehensive (loss) income, net of taxes				(17,282)		(17,282)
Issuance of common stock under dividend reinvestment plan	$ 32	372				404
Issuance of common stock under dividend reinvestment plan (in shares)	16,297
Dividends			(1,665)			(1,665)
Balance at Mar. 31, 2022	$ 12,390	41,312	95,256	(9,694)	(5,709)	133,555
Balance (in shares) at Mar. 31, 2022	6,195,132
Balance at Dec. 31, 2021	$ 12,358	40,940	93,378	7,588	(5,709)	148,555
Balance (in shares) at Dec. 31, 2021	6,178,835
Net Income						10,869
Other comprehensive (loss) income, net of taxes						(40,230)
Balance at Sep. 30, 2022	$ 12,464	42,072	99,238	(32,642)	(5,709)	115,423
Balance (in shares) at Sep. 30, 2022	6,232,056
Balance at Mar. 31, 2022	$ 12,390	41,312	95,256	(9,694)	(5,709)	133,555
Balance (in shares) at Mar. 31, 2022	6,195,132
Net Income			3,822			3,822
Other comprehensive (loss) income, net of taxes				(10,744)		(10,744)
Issuance of common stock under dividend reinvestment plan	$ 36	379				415
Issuance of common stock under dividend reinvestment plan (in shares)	17,840
Dividends			(1,669)			(1,669)
Balance at Jun. 30, 2022	$ 12,426	41,691	97,409	(20,438)	(5,709)	125,379
Balance (in shares) at Jun. 30, 2022	6,212,972
Net Income			3,504			3,504
Other comprehensive (loss) income, net of taxes				(12,204)		(12,204)
Issuance of common stock under dividend reinvestment plan	$ 38	381				419
Issuance of common stock under dividend reinvestment plan (in shares)	19,084
Dividends			(1,675)			(1,675)
Balance at Sep. 30, 2022	$ 12,464	$ 42,072	$ 99,238	$ (32,642)	$ (5,709)	$ 115,423
Balance (in shares) at Sep. 30, 2022	6,232,056

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.28	$ 0.28	$ 0.28	$ 0.28	$ 0.27	$ 0.28

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 10,869,000	$ 11,506,000
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses	656,000	455,000
Depreciation and amortization	792,000	775,000
Net premium amortization on securities	2,346,000	2,124,000
Deferred income tax benefit	(164,000)	(101,000)
Net losses (gains) on sales of mortgage loans	38,000	(801,000)
Proceeds from sales of mortgage loans originated for sale	4,426,000	24,820,000
Originations of mortgage loans originated for sale	(7,245,000)	(26,203,000)
Net securities losses (gains)	181,000	(165,000)
(Increase) decrease in accrued interest receivable	(118,000)	261,000
Increase in cash surrender value of bank owned life insurance	(447,000)	(448,000)
Net losses on disposals of premises and equipment	11,000	3,000
Increase in other assets	(85,000)	(1,422,000)
Amortization of investment in low-income housing partnerships	173,000	278,000
Increase in accrued interest payable	322,000	135,000
(Decrease) increase in other liabilities	(363,000)	44,000
NET CASH PROVIDED BY OPERATING ACTIVITIES	11,392,000	11,261,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of equity securities and debt securities available-for-sale	170,000	6,000
Proceeds from maturities and redemptions of debt securities available-for-sale	36,400,000	42,974,000
Purchases of debt securities available-for-sale	(38,324,000)	(116,522,000)
Net decrease in time deposits with other banks	247,000
Net change in restricted investment in bank stocks	(2,489,000)	(57,000)
Net increase in loans	(90,178,000)	(34,091,000)
Purchase of premises and equipment	(445,000)	(308,000)
Purchase of investment in real estate venture	(1,548,000)
Proceeds from sales of foreclosed assets held for resale		28,000
NET CASH USED IN INVESTING ACTIVITIES	(96,167,000)	(107,970,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net (decrease) increase in deposits	(19,660,000)	208,016,000
Net increase in short-term borrowings	67,371,000	10,359,000
Repayment of finance lease obligations	(7,000)	(7,000)
Repayment of long-term borrowings	(10,000,000)	(10,000,000)
Common stock issued	1,222,000	1,106,000
Dividends paid	(5,009,000)	(4,897,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES	33,917,000	204,577,000
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(50,858,000)	107,868,000
CASH AND CASH EQUIVALENTS, BEGINNING	61,338,000	24,180,000
CASH AND CASH EQUIVALENTS, ENDING	10,480,000	132,048,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	4,559,000	3,741,000
Income taxes paid	1,486,000	1,949,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES
Loans transferred from held for sale to held for investment portfolio	(7,900,000)
Common stock subscription receivable	16,000	19,000
Right-of-use assets obtained in exchange for lease liabilities	$ 35,000	$ 33,000

BASIS OF PRESENTATION, SUMMARY

BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2022
BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS
BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS	NOTE 1 ― BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS The consolidated financial statements include the accounts of First Keystone Corporation (the “Corporation”) and its wholly owned subsidiary First Keystone Community Bank (the “Bank”) (collectively the “Company”). All significant intercompany accounts and transactions have been eliminated. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included. Operating results for the three and nine months ended September 30, 2022, are not necessarily indicative of the results for the year ending December 31, 2022. For further information, refer to the consolidated financial statements and notes thereto included in First Keystone Corporation’s Annual Report on Form 10-K for the year ended December 31, 2021. Subsequent Events The Company has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of September 30, 2022 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. On October 21, 2022, the Company completed the purchase of an office building located in Bethlehem, Pennsylvania, with a total cost of $1,107,000. The Company intends to complete property renovations and utilize the building as a full-service banking facility.

RECENT ACCOUNTING STANDARDS UPD

RECENT ACCOUNTING STANDARDS UPDATES ("ASU")	9 Months Ended
	Sep. 30, 2022
RECENT ACCOUNTING STANDARDS UPDATES ("ASU")
RECENT ACCOUNTING STANDARDS UPDATES ("ASU")	NOTE 2 ― RECENT ACCOUNTING STANDARDS UPDATES (“ASU”) Recently adopted ASUs: Pending ASUs: In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ​ In March 2022, the FASB issued ASU 2022-02, Financial Instruments-Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures , which eliminates the accounting guidance on troubled debt restructurings (“TDRs”) by creditors that have adopted the current expected credit losses (“CECL”) model and enhances disclosure requirements for certain loan refinancing and restructurings by creditors made to borrowers experiencing financial difficulty. The ASU also amends the guidance on “vintage disclosures” to require disclosure of current-period gross charge-offs by year of origination. For entities that have not yet adopted ASU 2016-13, the amendments in ASU 2022-02 are effective upon adoption of ASU 2016-13. Entities may elect to apply the guidance on TDR recognition and measurement by using a modified retrospective transition method, which would result in a cumulative-effect adjustment to retained earnings, or to adopt the amendments prospectively. If an entity elects to adopt the updated guidance on TDR recognition and measurement prospectively, the guidance should be applied to modifications occurring after the date of adoption. The amendments on TDR disclosures and vintage disclosures should be adopted prospectively. The Company plans to adopt ASU 2022-02 upon the adoption of ASU 2016-13 and is currently evaluating the provisions of ASU 2022-02 and ASU 2016-13 to determine the potential impact the new standard will have on the Company’s consolidated financial statements.

SECURITIES

SECURITIES	9 Months Ended
	Sep. 30, 2022
SECURITIES
SECURITIES	NOTE 3 — SECURITIES The Company classifies its securities as either “Held-to-Maturity” or “Available-for-Sale” at the time of purchase. Securities are accounted for on a trade date basis. Debt securities are classified as Held-to-Maturity when the Company has the ability and positive intent to hold the securities to maturity. Securities classified as Held-to-Maturity are carried at cost adjusted for amortization of premium and accretion of discount to maturity. Debt securities not classified as Held-to-Maturity are included in the Available-for-Sale category and are carried at fair value. The amount of any unrealized gain or loss, net of the effect of deferred income taxes, is reported as accumulated other comprehensive (loss) income (AOCI) in the consolidated balance sheets and consolidated statements of changes in stockholders’ equity. Management’s decision to sell Available-for-Sale securities is based on changes in economic conditions, controlling the sources and applications of funds, terms, availability of and yield of alternative investments, interest rate risk and the need for liquidity. Equity securities with readily determinable fair values are stated at fair value with realized and unrealized gains and losses reported in income. Equity securities without readily determinable fair values are recorded at cost less impairment, if any. The cost of debt securities classified as Held-to-Maturity or Available-for-Sale is adjusted for amortization of premiums to the earliest call date and accretion of discounts to expected maturity. Such amortization and accretion, as well as interest and dividends, are included in interest and dividend income from securities. Realized gains and losses are included in net securities gains and losses. The cost of securities sold, redeemed or matured is based on the specific identification method. The amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale were as follows at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2022: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 20,243 ​ $ — ​ $ (1,887) ​ $ 18,356 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 109,574 ​ ​ 1 ​ ​ (13,901) ​ ​ 95,674 Other ​ 5,603 ​ 3 ​ (39) ​ 5,567 Other mortgage backed securities ​ 39,378 ​ — ​ (3,038) ​ 36,340 Obligations of state and political subdivisions ​ 174,338 ​ 44 ​ (19,060) ​ 155,322 Asset backed securities ​ 30,834 ​ — ​ (967) ​ 29,867 Corporate debt securities ​ 47,917 ​ 170 ​ (2,644) ​ 45,443 Total ​ $ 427,887 ​ $ 218 ​ $ (41,536) ​ $ 386,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2021: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,825 ​ $ — ​ $ (96) ​ $ 7,729 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 116,039 ​ ​ 560 ​ ​ (1,688) ​ ​ 114,911 Other ​ 7,636 ​ 5 ​ (65) ​ 7,576 Other mortgage backed securities ​ 39,881 ​ 99 ​ (430) ​ 39,550 Obligations of state and political subdivisions ​ 175,021 ​ 11,709 ​ (554) ​ 186,176 Asset backed securities ​ 36,555 ​ 143 ​ (156) ​ 36,542 Corporate debt securities ​ 45,354 ​ 448 ​ (370) ​ 45,432 Total ​ $ 428,311 ​ $ 12,964 ​ $ (3,359) ​ $ 437,916 ​ Securities Available-for-Sale with an aggregate fair value of $355,786,000 at September 30, 2022 and $401,861,000 at December 31, 2021, were pledged to secure public funds, trust funds, securities sold under agreements to repurchase and the Federal Discount Window aggregating $300,452,000 at September 30, 2022 and $318,074,000 at December 31, 2021. The amortized cost and estimated fair value of debt securities, by contractual maturity, are shown below at September 30, 2022. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Debt Securities Available-For-Sale (Dollars in thousands) ​ ​ ​ ​ U.S. Government ​ Other ​ Obligations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency & ​ Mortgage ​ of State ​ Asset ​ Corporate ​ U.S. Treasury Sponsored Agency Backed Debt & Political Backed Debt ​ Securities Obligations 1 Securities 1 Subdivisions Securities Securities Within 1 Year: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ — ​ $ — ​ $ — ​ $ 2,244 ​ $ — ​ $ 5,511 Fair value ​ — ​ — ​ — ​ 2,237 ​ — ​ 5,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 5 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 12,397 ​ 285 ​ 9,146 ​ 21,637 ​ — ​ 9,177 Fair value ​ 11,628 ​ 283 ​ 8,813 ​ 20,800 ​ — ​ 9,101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 - 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 7,846 ​ 12,959 ​ 1,255 ​ 38,430 ​ — ​ 33,229 Fair value ​ 6,728 ​ 12,894 ​ 1,217 ​ 35,558 ​ — ​ 30,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 101,933 ​ 28,977 ​ 112,027 ​ 30,834 ​ — Fair value ​ — ​ 88,064 ​ 26,310 ​ 96,727 ​ 29,867 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ 20,243 ​ $ 115,177 ​ $ 39,378 ​ $ 174,338 ​ $ 30,834 ​ $ 47,917 Fair value ​ 18,356 ​ 101,241 ​ 36,340 ​ 155,322 ​ 29,867 ​ 45,443 1 Mortgage-backed securities are allocated for maturity reporting at their original maturity date. There were no proceeds from sales of Debt Securities Available-For-Sale for the three months ended September 30, 2022 and 2021. Therefore, there were no gains or losses realized during these periods. There were no impairment losses realized on Debt Securities Available-For-Sale during the three months ended September 30, 2022 or 2021. There were no proceeds from sales of Debt Securities Available-For-Sale for the nine months ended September 30, 2022 and 2021. Therefore, there were no gains or losses realized during these periods. There were no impairment losses realized on Debt Securities Available-For-Sale during the nine months ended September 30, 2022 or 2021. At September 30, 2022 and December 31, 2021, the Company had $1,612,000 and $1,962,000, respectively, in equity securities recorded at fair value. The following is a summary of realized gains and losses recognized in net income on equity securities during the nine months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Nine months ended ​ Nine months ended ​ ​ September 30, 2022 September 30, 2021 Net (losses) and gains recognized during the period on equity securities ​ $ (181) ​ $ 165 ​ Less: Net gains recognized during the period on equity securities sold during the period ​ 27 ​ 4 ​ Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date ​ $ (208) ​ $ 161 ​ ​ There were no proceeds from sales of investments in Held-to-Maturity debt securities during the three and nine months ended September 30, 2022 or 2021. Therefore, there were no gains or losses realized during these periods. Management evaluates securities for other-than-temporary impairment (“OTTI”) at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Securities classified as Available-for-Sale or Held-to-Maturity are generally evaluated for OTTI under FASB ASC 320, Investments - Debt and Equity Securities When OTTI occurs on debt securities, the amount of the OTTI recognized in earnings depends on whether an entity intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current-period credit loss. If an entity intends to sell or more likely than not will be required to sell the security before recovery of its amortized cost basis less any current-period credit loss, the OTTI shall be recognized in earnings equal to the entire difference between the investment’s amortized cost basis and its fair value at the balance sheet date. If an entity does not intend to sell the security and it is not more likely than not that the entity will be required to sell the security before recovery of its amortized cost basis less any current-period loss, the OTTI shall be separated into the amount representing the credit loss and the amount related to all other factors. The amount of the total OTTI related to the credit loss is determined based on the present value of cash flows expected to be collected, and the realized loss is recognized as impairment charges on securities on the consolidated statements of income. The amount of the total OTTI related to the other factors shall be recognized in other comprehensive (loss) income, net of applicable taxes. The previous amortized cost basis less the OTTI recognized in earnings becomes the new amortized cost basis of the security. The Company and its investment advisors monitor the entire portfolio monthly with particular attention given to securities in a continuous loss position of at least ten percent for over twelve months. Based on the factors described above, management did not consider any securities to be other-than-temporarily impaired at September 30, 2022 or December 31, 2021. The summary below shows the gross unrealized losses and fair value of the Company’s debt securities. Totals are aggregated by investment category where individual securities have been in a continuous loss position for less than 12 months or 12 months or more as of September 30, 2022 and December 31, 2021: September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized Available-for-Sale: Value Loss Value Loss Value Loss U.S. Treasury securities ​ $ 11,628 ​ $ (769) ​ $ 6,728 ​ $ (1,118) ​ $ 18,356 ​ $ (1,887) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 38,062 ​ ​ (2,875) ​ ​ 54,908 ​ ​ (11,026) ​ ​ 92,970 ​ ​ (13,901) Other ​ 190 ​ ​ (1) ​ ​ 3,415 ​ ​ (38) ​ 3,605 ​ (39) Other mortgage-backed debt securities ​ 24,694 ​ ​ (1,566) ​ ​ 11,646 ​ ​ (1,472) ​ 36,340 ​ (3,038) Obligations of state and political subdivisions ​ 131,635 ​ ​ (13,551) ​ ​ 16,791 ​ ​ (5,509) ​ 148,426 ​ (19,060) Asset backed securities ​ 21,510 ​ ​ (306) ​ ​ 8,356 ​ ​ (661) ​ 29,866 ​ (967) Corporate debt securities ​ 19,160 ​ ​ (1,057) ​ ​ 17,463 ​ ​ (1,587) ​ 36,623 ​ (2,644) Total ​ $ 246,879 ​ $ (20,125) ​ $ 119,307 ​ $ (21,411) ​ $ 366,186 ​ $ (41,536) ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale: ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. Treasury securities ​ $ 7,729 ​ $ (96) ​ $ — ​ $ — ​ $ 7,729 ​ $ (96) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 66,195 ​ ​ (1,271) ​ ​ 11,697 ​ ​ (417) ​ ​ 77,892 ​ ​ (1,688) Other ​ — ​ ​ — ​ ​ 6,687 ​ ​ (65) ​ 6,687 ​ (65) Other mortgage-backed debt securities ​ 11,036 ​ ​ (225) ​ ​ 7,362 ​ ​ (205) ​ 18,398 ​ (430) Obligations of state and political subdivisions ​ 25,867 ​ ​ (362) ​ ​ 3,931 ​ ​ (192) ​ 29,798 ​ (554) Asset backed securities ​ 11,232 ​ ​ (49) ​ ​ 6,315 ​ ​ (107) ​ 17,547 ​ (156) Corporate debt securities ​ 19,485 ​ ​ (315) ​ ​ 3,445 ​ ​ (55) ​ 22,930 ​ (370) Total ​ $ 141,544 ​ $ (2,318) ​ $ 39,437 ​ $ (1,041) ​ $ 180,981 ​ $ (3,359) ​ The Company invests in various forms of agency debt including residential and commercial mortgage-backed securities and callable debt. The mortgage-backed agency securities are issued by Federal Home Loan Mortgage Corporation (“FHLMC”), Federal National Mortgage Association (“FNMA”), Government National Mortgage Association (“GNMA”) or Small Business Administration (“SBA”). The other mortgage-backed securities consist of private (non-agency) residential and commercial mortgage backed securities. The municipal securities consist of general obligations and revenue bonds. Asset backed securities consist of bonds backed by consumer loans. Corporate debt securities consist of senior debt and subordinated debt holdings. The fair market value of the above securities is influenced by market interest rates, prepayment speeds on mortgage securities, bid-offer spreads in the market place and credit premiums for various types of agency debt. These factors change continuously and therefore the market value of these securities may be higher or lower than the Company’s carrying value at any measurement date. Management does not believe any of their 156 debt securities with a less than one year unrealized loss position, or any of their 61 debt securities with a one year or greater unrealized loss position as of September 30, 2022, represent an other-than-temporary impairment, as the unrealized losses relate principally to changes in interest rates subsequent to the acquisition of the specific securities. The Company expects to collect all principal and interest payments defined under the original terms as all contracted payments on securities in the portfolio are current as of September 30, 2022.

LOANS AND ALLOWANCE FOR LOAN LO

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2022
LOANS AND ALLOWANCE FOR LOAN LOSSES
LOANS AND ALLOWANCE FOR LOAN LOSSES	NOTE 4 — LOANS AND ALLOWANCE FOR LOAN LOSSES Loans Net loans are stated at their outstanding recorded investment, net of deferred fees and costs, unearned income and the allowance for loan losses. Interest on loans is recognized as income over the term of each loan, generally, by the accrual method. Loan origination fees and certain direct loan origination costs have been deferred with the net amount amortized using the straight line method or the interest method over the contractual life of the related loans as an interest yield adjustment. The loans receivable portfolio is segmented into commercial, residential and consumer loans. Commercial loans consist of the following classes: Commercial and Industrial, and Commercial Real Estate. Commercial and Industrial Lending The Company originates commercial and industrial loans principally to businesses located in its primary market area and surrounding areas. These loans are used for various business purposes, which include short-term loans and lines of credit to finance machinery and equipment, inventory and accounts receivable. Generally, the maximum term for loans extended on machinery and equipment is based on the projected useful life of such machinery and equipment. Most business lines of credit are written on demand and are reviewed annually. Commercial and industrial loans are generally secured with short-term assets; however, in many cases, additional collateral such as real estate is provided as additional security for the loan. Loan-to-value maximum thresholds have been established by the Company and are specific to the type of collateral. Collateral values may be determined using invoices, inventory reports, accounts receivable aging reports, business financial statements, collateral appraisals or internal evaluations, etc. Commercial and industrial loans are typically supported by personal guarantees of the borrower. In underwriting commercial and industrial loans, an analysis is performed to evaluate the borrower’s character and capacity to repay the loan, the adequacy of the borrower’s capital and collateral, as well as the conditions affecting the borrower. Evaluation of the borrower’s past, present and future cash flows is also an important aspect of the Company’s analysis of the borrower’s ability to repay. SBA Paycheck Protection Program (“PPP”) loans that have been issued by the Company as a result of the enactment of the Coronavirus Aid Relief and Economic Security Act (“CARES Act”) in response to the economic impact of the COVID-19 pandemic are included in the Company’s Commercial and Industrial portfolio and are underwritten according to all terms and conditions pursuant to the PPP as administered by the SBA under the CARES Act. See the Coronavirus Pandemic Impact on the Loan Portfolio section on page 16 for more information regarding the Company’s underwriting of these loans. Commercial and industrial loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions. Commercial and industrial loans are typically made on the basis of the borrower’s ability to make repayment from cash flows from the borrower’s primary business activities. As a result, the availability of funds for the repayment of commercial and industrial loans is dependent on the success of the business itself, which in turn, is likely to be dependent upon the general economic environment. As an addition to the commercial loans receivable portfolio, the Company may purchase the guaranteed portion of loans secured by the U.S. Government. The originating bank retains the unguaranteed portion of the loan. The loans are sponsored by one of the various government agencies including the SBA, United States Department of Agriculture (“USDA”), and the Farm Service Agency (“FSA”). Government Guaranteed Loans ("GGLs") carry no credit risk due to an unconditional and irrevocable guarantee (which is supported by the full faith and credit of the U.S. Government) on all principal and the balance of interest accruing through ninety days beyond the date that demand is made to the originating bank for repurchase of the loan. As of September 30, 2022, the Company's balance of GGLs was $4,660,000, compared to $3,829,000 at December 31, 2021. Commercial Real Estate Lending The Company engages in commercial real estate lending in its primary market area and surrounding areas. The Company’s Commercial Real Estate portfolio is secured primarily by commercial retail space, commercial office buildings, residential housing and hotels. Generally, commercial real estate loans have terms that do not exceed twenty years, have loan-to-value ratios of up to eighty In underwriting these loans, the Company performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the property securing the loan. The value of the property is determined by either independent appraisers or internal evaluations performed by Bank officers. Commercial real estate loans generally present a higher level of risk than residential real estate secured loans. Repayment of loans secured by commercial real estate is typically dependent upon the successful operation of the related real estate project and/or the effect of the general economic conditions on income producing properties. Residential Real Estate Lending (Including Home Equity) The Company’s Residential Real Estate portfolio is comprised of one-to-four family residential mortgage loan originations, home equity term loans and home equity lines of credit. These loans are generated by the Company’s marketing efforts, its present customers, walk-in customers and referrals. These loans are originated primarily with customers from the Company’s market area. The Company’s one-to-four family residential mortgage originations are secured principally by properties located in its primary market area and surrounding areas. The Company offers fixed-rate mortgage loans with terms up to a maximum of thirty years for both permanent structures and those under construction. Loans with terms of thirty years are normally held for sale and sold without recourse; most of the residential mortgages held in the Company’s residential real estate portfolio have maximum terms of twenty years. Generally, the majority of the Company’s residential mortgage loans originate with a loan-to-value of eighty eighty eighty In underwriting one-to-four family residential mortgage loans, the Company evaluates the borrower’s ability to make monthly payments, the borrower’s prior loan repayment history and the value of the property securing the loan. The ability and willingness to repay is assessed based upon the borrower’s employment history, current financial conditions and credit background. A majority of the properties securing residential real estate loans made by the Company are appraised by independent appraisers. The Company generally requires mortgage loan borrowers to obtain an attorney’s title opinion or title insurance and fire and property insurance, including flood insurance, if applicable. Residential mortgage loans, home equity term loans and home equity lines of credit generally present a lower level of risk than consumer loans because they are secured by the borrower’s primary residence. Risk is increased when the Company is in a subordinate position, especially to another lender, for the loan collateral. Residential mortgage loans held for sale are carried at the lower of cost or market on an aggregate basis determined by independent pricing from appropriate federal or state agency investors. These loans are sold without recourse. Loans held for sale amounted to $691,000 and $6,006,000 at September 30, 2022 and December 31, 2021, respectively. Consumer Lending The Company offers a variety of secured and unsecured consumer loans, including vehicle loans, stock secured loans and loans secured by financial institution deposits. These loans originate primarily within or with customers from the Company’s market area. Consumer loan terms vary according to the type and value of collateral and creditworthiness of the borrower. In underwriting personal loans, a thorough analysis is performed regarding the borrower’s willingness and financial ability to repay the loan as agreed. The ability and willingness to repay is assessed based upon the borrower’s employment history, current financial condition and credit background. Consumer loans may entail greater credit risk than residential real estate loans, particularly in the case of personal loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, repossessed collateral for a defaulted personal loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, personal loan collections are dependent on the borrower’s continuing financial stability and therefore, are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Coronavirus Pandemic Impact on the Loan Portfolio As a result of the economic impact of the COVID-19 coronavirus pandemic, the CARES Act was enacted in the United States on March 27, 2020. The Company was approved by the SBA to fund loans under the SBA’s Paycheck Protection Program created as part of the CARES Act. The PPP loans have 1.00% interest rates, lender fees, two An additional provision of the CARES Act, Section 4013 provides financial institutions the option to suspend requirements to categorize certain loan modifications as troubled debt restructurings as long as specific criteria are met. To qualify, the loan modifications must have been made on a good-faith basis in response to the COVID-19 pandemic, must have occurred between March 1, 2020 and the earlier of September 30, 2021 or the termination date of the national emergency related to the COVID-19 pandemic as declared by the President of the United States, and the loans must have been paid current (less than 30 days past due prior to any relief) as of December 31, 2019. In compliance with Section 4013 of the CARES Act, the Company granted modification requests to defer principal and/or interest payments or modify interest rates on various loans across all portfolio segments. Of the loan modifications that were granted in compliance with Section 4013 of the CARES Act, there were no loan modifications still actively on deferral as of September 30, 2022, compared to December 31, 2021 when there was 1 loan modification still actively on deferral carrying a balance of $9,423,000. See page 25 for additional information regarding the Section 4013 CARES Act modifications. ​ Delinquent Loans Generally, a loan is considered to be past-due when scheduled loan payments are in arrears 10 days or more. Delinquent notices are generated automatically when a loan is 10 or 15 days past-due, depending on loan type. Collection efforts continue on past-due loans that have not been brought current, when it is believed that some chance exists for improvement in the status of the loan. Past-due loans are continually evaluated with the determination for charge-off being made when no reasonable chance remains that the status of the loan can be improved. Commercial and industrial and commercial real estate loans are charged off in whole or in part when they become sufficiently delinquent based upon the terms of the underlying loan contract and when a collateral deficiency exists. Because all or part of the contractual cash flows are not expected to be collected, the loan is considered to be impaired, and the Company estimates the impairment based on its analysis of the cash flows or collateral estimated at fair value less cost to sell. Should a GGL default, demand is made to the originating bank for repurchase of the loan. If the originating bank does not repurchase the loan, demand for repurchase is then made to the appropriate government agency which has provided the guarantee for the loan. Residential real estate and consumer loans are charged off when they become sufficiently delinquent based upon the terms of the underlying loan contract and when the value of the underlying collateral is not sufficient to support the loan balance and a loss is expected. At that time, the amount of estimated collateral deficiency, if any, is charged off for loans secured by collateral, and all other loans are charged off in full. Loans with collateral are written down to the estimated fair value of the collateral less cost to sell. Existing loans in which the borrower has declared bankruptcy are considered on a case by case basis to determine whether repayment is likely to occur (eg. reaffirmation by the borrower with demonstrated repayment ability). Otherwise, loans are charged off in full or written down to the estimated fair value of collateral less cost to sell. Generally, a loan is classified as non-accrual and the accrual of interest on such a loan is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest. A loan may remain on accrual status if it is well secured (or supported by a strong guarantee) and in the process of collection. When a loan is placed on non-accrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against interest income. Certain non-accrual loans may continue to perform; that is, payments are still being received. Generally, the payments are applied to principal. These loans remain under constant scrutiny, and if performance continues, interest income may be recorded on a cash basis based on management's judgment regarding the collectability of principal. Allowance for Loan Losses The allowance for loan losses is established through provisions for loan losses charged against income. Loans deemed to be uncollectible are charged against the allowance for loan losses and subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is maintained at a level estimated by management to be adequate to absorb potential loan losses. Management’s periodic evaluation of the adequacy of the allowance for loan losses is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay (including the timing of future payments), the estimated value of any underlying collateral, composition of the loan portfolio, current economic conditions, and other relevant factors. This evaluation is inherently subjective as it requires material estimates including the amounts and timing of future cash flows expected to be received on impaired loans that may be susceptible to significant change. ​ ​ The allowance consists of specific, general and unallocated components. The specific component relates to loans that are individually classified as impaired. Select loans are not aggregated for collective impairment evaluation, as such; all loans are subject to individual impairment evaluation should the facts and circumstances pertinent to a particular loan suggest that such evaluation is necessary. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. If a loan is impaired, a portion of the allowance may be allocated so that the loan is reported, net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment is expected solely from collateral. TDRs are separately identified for impairment disclosures and are measured at the present value of estimated future cash flows using the loan’s contractual rate at inception. If a TDR is considered to be a collateral dependent loan, the loan may be reported at the net realizable value of the collateral. For TDRs that subsequently default, the Company determines the amount of reserve in accordance with the accounting policy for the allowance for loan losses. The general component covers all other loans not identified as impaired (aside from GGLs, which do not require an allowance) and is based on historical losses and qualitative factors. The historical loss component of the allowance is determined by losses recognized by portfolio segment over an eight quarter lookback period that management has determined best represents the current credit cycle. Qualitative factors impacting each portfolio segment may include: delinquency trends, loan volume trends, Bank policy changes, management processes and oversight, economic trends (including change in consumer and business disposable incomes, unemployment and under-employment levels, and other conditions), concentrations by industry or product, internal and external loan review processes, collateral value and market conditions, and external factors including regulatory issues and competition. GGLs do not require an associated allowance for loan losses due to the underlying irrevocable and unconditional guarantee, which is supported by the full faith and credit of the U.S. Government. Should a GGL default, the loan will be repurchased by the originating bank or the appropriate government agency that has provided the guarantee for the loan. Although PPP loans do not require an associated allowance for loan losses due to the program’s call for a full guarantee by the SBA, the Company has calculated a qualitative allocation for the PPP loans under the general component of the allowance for the Commercial and Industrial portfolio. The unallocated component of the allowance is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. A reserve for unfunded lending commitments is provided for possible credit losses on off-balance sheet credit exposures. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and, if necessary, is recorded in other liabilities on the consolidated balance sheets. As of September 30, 2022 and December 31, 2021, the amount of the reserve for unfunded lending commitments was $75,000 and $177,000, respectively. The Company is subject to periodic examination by its federal and state examiners, and may be required by such regulators to recognize additions to the allowance for loan losses based on their assessment of credit information available to them at the time of their examinations. ​ ​ A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the existing loan agreement. Under current accounting standards, the allowance for loan losses related to impaired loans is based on discounted cash flows using the loan’s contractual interest rate at inception or the net realizable value of the collateral for certain collateral dependent loans. From time to time, the Company may agree to modify/restructure the contractual terms of a borrower's loan. The restructuring of a loan is considered a TDR if both the following conditions are met: (i) the borrower is experiencing financial difficulties, and (ii) the Company has granted a concession. The most common concessions granted include one or more modifications to the terms of the debt, such as (a) a reduction in the interest rate for the remaining life of the debt, (b) an extension of the maturity date at an interest rate lower than the current market rate for new debt with similar risk, (c) a temporary period of interest-only payments, and (d) a reduction in the contractual payment amount for either a short period or remaining term of the loan. A less common concession is the forgiveness of a portion of the principal. The determination of whether a borrower is experiencing financial difficulties takes into account not only the current financial condition of the borrower, but also the potential financial condition of the borrower were a concession not granted. Similarly, the determination of whether a concession has been granted is subjective in nature. For example, simply extending the term of a loan at its original interest rate or even at a higher interest rate could be interpreted as a concession unless the borrower could readily obtain similar credit terms from a different lender. Loans modified in a TDR are considered impaired and may or may not be placed on non-accrual status until the Company determines the future collection of principal and interest is reasonably assured, which generally requires that the borrower demonstrates a period of performance according to the restructured terms of six months. Any loan modifications that were made in response to the COVID-19 pandemic were not considered TDRs as long as the criteria set forth in Section 4013 of the CARES Act were met. See page 25 for further discussion of the Section 4013 CARES Act modifications. The Company utilizes a risk grading matrix as a tool for managing credit risk in the loan portfolio and assigns an asset quality rating (risk grade) to all commercial and industrial, commercial real estate, residential real estate and consumer loans. An asset quality rating is assigned using the guidance provided in the Company’s loan policy. Primary responsibility for assigning the asset quality rating rests with the credit department. The asset quality rating is validated periodically by both an internal and external loan review process. The commercial loan grading system focuses on a borrower’s financial strength and performance, experience and depth of management, primary and secondary sources of repayment, the nature of the business and the outlook for the particular industry. Primary emphasis is placed on financial condition and trends. The grade also reflects current economic and industry conditions; as well as other variables such as liquidity, cash flow, revenue/earnings trends, management strengths or weaknesses, quality of financial information, and credit history. The loan grading system for Residential Real Estate and Consumer loans focuses on the borrower’s credit score and credit history, debt-to-income ratio and income sources, collateral position and loan-to-value ratio. Risk grade characteristics are as follows: Risk Grade 1 – MINIMAL RISK through Risk Grade 6 – MANAGEMENT ATTENTION (Pass Grade Categories) Risk is evaluated via examination of several attributes including but not limited to financial trends, strengths and weaknesses, likelihood of repayment when considering both cash flow and collateral, sources of repayment, leverage position, management expertise, and repayment history. ​ ​ At the low-risk end of the rating scale, a risk grade of 1 – Minimal Risk is the grade reserved for loans with exceptional credit fundamentals and virtually no risk of default or loss. Loan grades then progress through escalating ratings of 2 through 6 based upon risk. Risk Grade 2 – Modest Risk are loans with sufficient cash flows; Risk Grade 3 – Average Risk are loans with key balance sheet ratios slightly above the borrower’s peers; Risk Grade 4 – Acceptable Risk are loans with key balance sheet ratios usually near the borrower’s peers, but one or more ratios may be higher; and Risk Grade 5 – Marginally Acceptable are loans with strained cash flow, increasing leverage and/or weakening markets. Risk Grade 6 – Management Attention are loans with weaknesses resulting from declining performance trends and the borrower’s cash flows may be temporarily strained. Loans in this category are performing according to terms, but present some type of potential concern. Risk Grade 7 − SPECIAL MENTION (Non-Pass Category) Assets in this category are adequately collateralized but have potential weakness which may, if not checked or corrected, weaken the asset or inadequately protect the Company’s credit position at some future date. The loans may constitute increased credit risk, but not to the point of justifying a classification of substandard. No loss of principal or interest is envisioned, but risk is increasing beyond that at which the loan originally would have been granted. Historically, cash flows are inconsistent; financial trends show some deterioration. Liquidity and leverage are above industry averages. Financial information could be incomplete or inadequate. A Special Mention asset has potential weaknesses that deserve management’s close attention. Risk Grade 8 − SUBSTANDARD (Non-Pass Category) Generally, these assets are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have “well-defined” weaknesses that jeopardize the full liquidation of the debt. These loans are characterized by the distinct possibility that the Company will sustain some loss if the aggregate amount of substandard assets is not fully covered by the liquidation of the collateral used as security. Substandard loans have a high probability of payment default and require more intensive supervision by Company management. Risk Grade 9 − DOUBTFUL (Non-Pass Category) Generally, loans graded doubtful have all the weaknesses inherent in a substandard loan with the added factor that the weaknesses are pronounced to a point whereby the basis of current information, conditions, and values, collection or liquidation in full is deemed to be highly improbable. The possibility of loss is extremely high, but because of certain important and reasonably specific pending factors that may work to strengthen the asset, its classification is deferred until, for example, a proposed merger, acquisition, liquidation procedure, capital injection, perfection of liens on additional collateral and/or refinancing plan is completed. Loans are graded doubtful if they contain weaknesses so serious that collection or liquidation in full is questionable. ​ ​ ​ ​ ​ ​ ​ The following table presents the classes of the loan portfolio summarized by risk rating as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and ​ ​ (Dollars in thousands) ​ Industrial ​ Commercial Real Estate ​ ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Grade: ​ ​ ​ ​ 1-6 Pass ​ $ 84,683 ​ $ 81,561 ​ $ 578,976 ​ $ 498,565 7 Special Mention ​ — ​ — ​ 837 ​ 1,098 8 Substandard ​ 736 ​ 796 ​ 19,387 ​ 21,248 9 Doubtful ​ — ​ — ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 436 ​ 169 ​ 868 ​ 743 Total loans ​ $ 85,855 ​ $ 82,526 ​ $ 600,068 ​ $ 521,654 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ Including Home Equity ​ Consumer ​ ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Grade: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-6 Pass ​ $ 153,535 ​ $ 141,983 ​ $ 5,304 ​ $ 5,210 7 Special Mention ​ — ​ 570 ​ 58 ​ — 8 Substandard ​ 979 ​ 1,020 ​ — ​ 5 9 Doubtful ​ — ​ — ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ (190) ​ (190) ​ 66 ​ 63 Total loans ​ $ 154,324 ​ $ 143,383 ​ $ 5,428 ​ $ 5,278 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ September 30, ​ December 31, ​ 2022 2021 Grade: ​ ​ 1-6 Pass ​ $ 822,498 ​ $ 727,319 7 Special Mention ​ 895 ​ 1,668 8 Substandard ​ 21,102 ​ 23,069 9 Doubtful ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — Net deferred loan fees and costs ​ 1,180 ​ 785 Total loans ​ $ 845,675 ​ $ 752,841 ​ Commercial and Industrial and Commercial Real Estate include loans categorized as tax-free in the amounts of $28,995,000 and $1,538,000 at September 30, 2022 and $24,647,000 and $1,671,000 at December 31, 2021. Commercial and industrial loans also included $4,660,000 and $3,829,000 of GGLs and $125,000 and $4,894,000 of PPP loans as of September 30, 2022 and December 31, 2021, respectively. Loans held for sale amounted to $691,000 at September 30, 2022 and $6,006,000 at December 31, 2021. During the nine months ended September 30, 2022, $7,900,000 in loans that had previously been classified as held for sale were transferred to held for investment status, as the Company no longer had the intent to sell these loans. ​ ​ ​ The activity in the allowance for loan losses, by loan class, is summarized below for the periods indicated. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the three months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 675 ​ $ 5,954 ​ $ 1,609 ​ $ 79 ​ $ 843 ​ $ 9,160 Charge-offs (149) ​ — ​ (12) ​ (10) ​ — ​ (171) Recoveries — ​ — ​ 2 ​ 1 ​ — ​ 3 Provision (credit) 192 ​ 93 ​ 11 ​ 5 ​ (82) ​ 219 Ending Balance $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 Charge-offs (158) ​ — ​ (12) ​ (16) ​ — ​ (186) Recoveries 2 ​ 38 ​ 16 ​ 5 ​ — ​ 61 Provision (credit) 193 ​ 601 ​ 67 ​ 2 ​ (207) ​ 656 Ending Balance $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 85,855 ​ $ 600,068 ​ $ 154,324 ​ $ 5,428 ​ $ — ​ $ 845,675 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 979 ​ $ 10,357 ​ $ 841 ​ $ — ​ $ — ​ $ 12,177 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 84,876 ​ $ 589,711 ​ $ 153,483 ​ $ 5,428 ​ $ — ​ $ 833,498 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the three months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 851 ​ $ 4,930 ​ $ 1,539 ​ $ 95 ​ $ 709 ​ $ 8,124 Charge-offs — ​ — ​ (10) ​ (13) ​ — ​ (23) Recoveries — ​ — ​ 1 ​ 1 ​ — ​ 2 (Credit) provision (84) ​ 280 ​ (16) ​ 11 ​ (6) ​ 185 Ending Balance $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 787 ​ $ 4,762 ​ $ 1,643 ​ $ 94 ​ $ 647 ​ $ 7,933 Charge-offs (13) ​ (29) ​ (65) ​ (33) ​ — ​ (140) Recoveries — ​ 30 ​ 2 ​ 8 ​ — ​ 40 (Credit) provision (7) ​ 447 ​ (66) ​ 25 ​ 56 ​ 455 Ending Balance $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 ​ ​ ​

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2022
DEPOSITS
DEPOSITS	NOTE 5 — DEPOSITS Major classifications of deposits at September 30, 2022 and December 31, 2021 consisted of: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, ​ December 31, ​ ​ 2022 2021 Non-interest bearing demand $ 251,894 ​ $ 249,040 Interest bearing demand ​ 373,604 ​ 395,033 Savings ​ 273,769 ​ 260,804 Time certificates of deposits less than $250,000 ​ 146,943 ​ 158,914 Time certificates of deposits $250,000 or greater ​ 10,362 ​ 13,030 Other time ​ 1,737 ​ 1,148 Total deposits ​ $ 1,058,309 ​ $ 1,077,969 ​ Total deposits decreased $19,660,000 to $1,058,309,000 as of September 30, 2022 due to decreases in interest bearing demand and time deposits. The decrease in deposits was mainly the result of a $84,608,000 decrease in municipal deposits and other normal fluctuations in deposits during the nine months ended September 30, 2022.

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2022
BORROWINGS
BORROWINGS	NOTE 6 — BORROWINGS Short-Term Borrowings Short-term borrowings include federal funds purchased, securities sold under agreements to repurchase, the Federal Discount Window, and Federal Home Loan Bank of Pittsburgh (“FHLB”) advances, which generally represent overnight or less than 30-day borrowings. Short-term borrowings and weighted–average interest rates at September 30, 2022 and December 31, 2021 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2022 ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ — % ​ $ — 0.36 % Securities sold under agreements to repurchase ​ 28,519 ​ 0.56 % ​ 27,377 0.35 % ​ Federal Discount Window ​ — ​ 2.21 % ​ — 0.36 % ​ Federal Home Loan Bank of Pittsburgh ​ 66,229 ​ 1.94 % ​ — 0.34 % ​ Total ​ $ 94,748 ​ 1.44 % ​ $ 27,377 0.35 % ​ ​ Securities Sold Under Agreements to Repurchase (“Repurchase Agreements”) The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability on the Company’s consolidated balance sheets, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is not offsetting or netting of the investment securities assets with the repurchase agreement liabilities. In addition, as the Company does not enter into reverse repurchase agreements, there is no such offsetting to be done with the repurchase agreements. The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral would be used to settle the fair value of the repurchase agreement should the Company be in default (e.g., fails to make an interest payment to the counterparty). The collateral is held by a correspondent bank in the counterparty’s custodial account. The counterparty has the right to sell or repledge the investment securities. The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ Gross Net Amounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts ​ of Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Offset ​ Presented ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ in the ​ in the ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts of ​ Consolidated ​ Consolidated ​ ​ ​ ​ Cash ​ ​ ​ ​ ​ Recognized ​ Balance ​ Balance ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Sheet ​ Sheet ​ Instruments ​ Pledge ​ Amount September 30, 2022 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 28,519 ​ $ — ​ $ 28,519 ​ $ (28,519) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 27,377 ​ $ — ​ $ 27,377 ​ $ (27,377) ​ $ — ​ $ — (a) As of September 30, 2022 and December 31, 2021, the fair value of securities pledged in connection with repurchase agreements was $36,062,000 and $37,735,000 , respectively. The following table presents the remaining contractual maturity of the master netting arrangement or repurchase agreements as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Remaining Contractual Maturity of the Agreements ​ ​ Overnight ​ ​ ​ ​ Greater ​ Greater ​ ​ ​ ​ ​ and ​ Up to ​ 30 -90 ​ than ​ ​ ​ ​ ​ Continuous ​ 30 days ​ Days ​ 90 Days ​ Total September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 28,519 ​ $ — ​ $ — ​ $ — ​ $ 28,519 Total ​ $ 28,519 ​ $ — ​ $ — ​ $ — ​ $ 28,519 ​ Long-Term Borrowings and Letters of Credit Long-term borrowings are comprised of advances from the FHLB. Irrevocable standby letters of credit may be issued to a customer/beneficiary by the FHLB on the Company’s behalf in order to secure public/municipal unit deposits, provide credit enhancement to certain transaction types, or to support payment obligations to third parties. These irrevocable standby letters of credit are supported by an irrevocable and independent guarantee by the FHLB for the Company’s pledging obligation to secure public/municipal unit deposits which eliminates the need for the Company to pledge collateral in the amount necessary to secure these funds. The Company began utilizing this service offered by the FHLB during the second quarter of 2021. There were ​ Under terms of a blanket agreement, collateral for the FHLB loans and letters of credit consists of certain qualifying assets of the Corporation’s banking subsidiary. Principal qualifying assets are certain real estate mortgages and investment securities. As of September 30, 2022, loans of $664,778,000 were pledged to FHLB which resulted in a FHLB maximum borrowing capacity of $468,873,000. As of September 30, 2022, no securities were pledged as collateral to FHLB to secure FHLB loans and letters of credit.

SUBORDINATED DEBT

SUBORDINATED DEBT	9 Months Ended
	Sep. 30, 2022
SUBORDINATED DEBT
SUBORDINATED DEBT	NOTE 7 — SUBORDINATED DEBT On December 10, 2020, the Corporation issued $25,000,000 aggregate principal amount of Subordinated Notes due 2030 (the “2020 Notes”) to accredited investors. The 2020 Notes are intended to be treated as Tier 2 capital for regulatory capital purposes. The Company utilized the net proceeds it received from the sale of the 2020 Notes to support organic growth and for general corporate purposes. The 2020 Notes bear a fixed interest rate of 4.375% per year for the first five years and then float based on a benchmark rate (as defined). Interest is payable semi-annually in arrears on June 30 and December 31 of each year, which began on June 30, 2021, for the first five years after issuance and will be payable quarterly in arrears thereafter on March 31, June 30, September 30 and December 31. The 2020 Notes will mature on December 31, 2030 and are redeemable in whole or in part, without premium or penalty, at any time on or after December 31, 2025 and prior to December 31, 2030. Additionally, if all or any portion of the 2020 Notes cease to be deemed Tier 2 capital, the Corporation may redeem, in whole and not in part, at any time upon giving not less than ten days’ notice, an amount equal to one hundred percent (100%) of the principal amount outstanding plus accrued but unpaid interest to but excluding the date fixed for redemption. Holders of the 2020 Notes may not accelerate the maturity of the 2020 Notes, except upon the bankruptcy, insolvency, liquidation, receivership or similar law of the Corporation or the Bank.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 8 — COMMITMENTS AND CONTINGENCIES In the normal course of business, there are various pending legal actions and proceedings that are not reflected in the consolidated financial statements. Management does not believe the outcome of these actions and proceedings will have a material effect on the consolidated financial position or results of operations of the Company. The Company currently leases four branch banking facilities and one parcel of land under operating leases. At September 30, 2022, right-of-use assets and lease liabilities were recorded related to these operating leases totaling $999,000 and $1,484,000, respectively. At December 31, 2021, right-of-use assets and lease liabilities stood at $1,025,000 and $1,499,000, respectively. Further options to extend or terminate the lease are not applicable for any of the five leases. No significant assumptions or judgements were made in determining whether a contract contained a lease or in the consideration of lease versus non-lease components. None of the leases contained an implicit rate; therefore, our incremental borrowing rate was used for each of the leases. The Company recognized total operating lease costs for the nine months ended September 30, 2022 and 2021 of $135,000 and $133,000, respectively. Operating lease costs are included in occupancy, net in the accompanying statements of income. Cash payments totaled $125,000 and $116,000, respectively, for the nine months ended September 30, 2022 and 2021. The Company currently has one finance lease for equipment. At September 30, 2022, right-of-use assets and lease liabilities were recorded related to the finance lease totaling $34,000 and $9,000, respectively. At December 31, 2021, right-of-use assets and lease liabilities stood at $34,000 and $16,000, respectively. Amounts recognized as right-of-use assets and lease liabilities related to finance leases are included in premises and equipment, net and other liabilities, respectively, in the accompanying balance sheet. Further options to extend or terminate the lease are not applicable for the lease. No significant assumptions or judgements were made in determining whether a contract contained a lease or in the consideration of lease versus non-lease components. The lease did not contain an implicit rate; therefore, our incremental borrowing rate was used. Total finance lease costs that were recognized by the Company for the nine months ended September 30, 2022 and 2021 were immaterial. Cash payments totaled $7,000 for the nine months ended September 30, 2022 and 2021. The following table displays the weighted-average term and discount rates for operating and finance leases outstanding as of September 30, 2022 and December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ September 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ ​ ​ Operating Operating ​ ​ Finance Finance ​ Weighted-average term (years) 24.13 ​ 24.51 ​ ​ 0.92 ​ 1.67 ​ Weighted-average discount rate 3.93% ​ 3.89% ​ ​ 0.68% ​ 0.68% ​ ​ A maturity analysis of operating and finance lease liabilities and reconciliation of the undiscounted cash flows to the total operating or finance lease liability is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Minimum Lease Payments due: ​ Operating ​ Operating ​ Finance ​ Finance Within one year ​ $ 80 ​ $ 120 ​ $ 9 ​ $ 10 After one but within two years ​ 68 ​ 68 ​ — ​ 7 After two but within three years ​ 68 ​ 68 ​ — ​ — After three but within four years ​ 68 ​ 68 ​ — ​ — After four but within five years ​ 78 ​ 68 ​ — ​ — After five years ​ 2,129 ​ 2,190 ​ — ​ — Total undiscounted cash flows ​ 2,491 ​ 2,582 ​ 9 ​ 17 Discount on cash flows ​ (1,007) ​ (1,083) ​ — ​ (1) Total lease liability ​ $ 1,484 ​ $ 1,499 ​ $ 9 ​ $ 16 ​

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	9 Months Ended
	Sep. 30, 2022
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	NOTE 9 — FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK Financial Instruments with Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company does not engage in trading activities with respect to any of its financial instruments with off-balance sheet risk. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company may require collateral or other security to support financial instruments with off-balance sheet credit risk. The contract or notional amounts at September 30, 2022 and December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 123,282 ​ $ 142,335 ​ Financial standby letters of credit ​ $ 2,779 ​ $ 2,000 ​ Performance standby letters of credit ​ $ 3,073 ​ $ 3,727 ​ ​ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses that may require payment of a fee. Since some of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, owner-occupied income-producing commercial properties, and residential real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee payment to a third party when a customer either fails to repay an obligation or fails to perform some non-financial obligation. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company may hold collateral (similar to the items held as collateral for commitments to extend credit) to support standby letters of credit for which collateral is deemed necessary. Financial Instruments with Concentrations of Credit Risk The Company originates primarily commercial and residential real estate loans to customers in northeastern Pennsylvania. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy and real estate market in this area. At September 30, 2022, the Company had $754,392,000 in loans secured by real estate, which represented 89.2% of total loans. The real estate loan portfolio is largely secured by lessors of residential buildings and dwellings, lessors of non-residential buildings, and lessors of hotels/motels. As of September 30, 2022 and December 31, 2021, management is of the opinion that there were no concentrations exceeding 10% of total loans with regard to loans to borrowers who were engaged in similar activities that were similarly impacted by economic or other conditions. As all financial instruments are subject to some level of credit risk, the Company requires collateral and/or guarantees for all loans. Collateral may include, but is not limited to property, plant, and equipment, commercial and/or residential real estate property, land, and pledge of securities. In the event of a borrower’s default, the collateral supporting the loan may be seized in order to recoup losses associated with the loan. The Company also establishes an allowance for loan losses that constitutes the amount available to absorb losses within the loan portfolio that may exist due to deficiencies in collateral values.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2022
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 10 — FAIR VALUE MEASUREMENTS Fair value measurement and disclosure guidance defines fair value as the price that would be received to sell the asset or transfer the liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. This guidance provides additional information on determining when the volume and level of activity for the asset or liability has significantly decreased. The guidance also includes information on identifying circumstances when a transaction may not be considered orderly. Fair value measurement and disclosure guidance provides a list of factors that a reporting entity should evaluate to determine whether there has been a significant decrease in the volume and level of activity for the asset or liability in relation to normal market activity for the asset or liability. When the reporting entity concludes there has been a significant decrease in the volume and level of activity for the asset or liability, further analysis of the information from that market is needed and significant adjustments to the related prices may be necessary to estimate fair value in accordance with the fair value measurement and disclosure guidance. This guidance clarifies that when there has been a significant decrease in the volume and level of activity for the asset or liability, some transactions may not be orderly. In those situations, the entity must evaluate the weight of the evidence to determine whether the transaction is orderly. The guidance provides a list of circumstances that may indicate that a transaction is not orderly. A transaction price that is not associated with an orderly transaction is given little, if any, weight when estimating fair value. Fair value 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. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own belief about the assumptions market participants would use in pricing the asset or liability based upon the best information available. Fair value measurement and disclosure guidance establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth as follows. Financial Assets Measured at Fair Value on a Recurring Basis At September 30, 2022 and December 31, 2021, securities measured at fair value on a recurring basis and the valuation methods used are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 18,356 ​ $ — ​ $ — ​ $ 18,356 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 95,674 ​ ​ — ​ ​ 95,674 Other ​ — ​ 5,567 ​ — ​ 5,567 Other mortgage backed debt securities ​ — ​ 36,340 ​ — ​ 36,340 Obligations of state and political subdivisions ​ — ​ 155,322 ​ — ​ 155,322 Asset backed securities ​ — ​ 29,867 ​ — ​ 29,867 Corporate debt securities ​ — ​ 45,443 ​ — ​ 45,443 Total debt securities available-for-sale ​ 18,356 ​ 368,213 ​ — ​ 386,569 Marketable equity securities ​ 1,612 ​ — ​ — ​ 1,612 Total recurring fair value measurements ​ $ 19,968 ​ $ 368,213 ​ $ — ​ $ 388,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,729 ​ $ — ​ $ — ​ $ 7,729 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 114,911 ​ ​ — ​ ​ 114,911 Other ​ — ​ 7,576 ​ — ​ 7,576 Other mortgage backed debt securities ​ — ​ 39,550 ​ — ​ 39,550 Obligations of state and political subdivisions ​ — ​ 186,176 ​ — ​ 186,176 Asset backed securities ​ — ​ 36,542 ​ — ​ 36,542 Corporate debt securities ​ — ​ 45,432 ​ — ​ 45,432 Total debt securities available-for-sale ​ 7,729 ​ 430,187 ​ — ​ 437,916 Marketable equity securities ​ 1,962 ​ — ​ — ​ 1,962 Total recurring fair value measurements ​ $ 9,691 ​ $ 430,187 ​ $ — ​ $ 439,878 ​ The estimated fair values of equity securities and US Treasury debt securities classified as Level 1 are derived from quoted market prices in active markets; the equity securities consist mainly of stocks held in other banks. The estimated fair values of all debt securities classified as Level 2 are obtained from nationally-recognized third-party pricing agencies. The estimated fair values are derived primarily from cash flow models, which include assumptions for interest rates, credit losses, and prepayment speeds. The significant inputs utilized in the cash flow models are based on market data obtained from sources independent of the Company (observable inputs), and are therefore classified as Level 2 within the fair value hierarchy. The Company does not have any Level 3 inputs for securities. There were no transfers between Level 1 and Level 2 during 2022 or 2021. Financial Assets Measured at Fair Value on a Nonrecurring Basis At September 30, 2022 and December 31, 2021, impaired loans measured at fair value on a nonrecurring basis are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at September 30, 2022 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,902 ​ $ 5,902 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,932 ​ $ 5,932 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2021 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,954 ​ $ 5,954 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,984 ​ $ 5,984 ​ The Company’s impaired loan valuation procedure for any loans greater than $250,000 requires an appraisal to be obtained and reviewed annually at year end unless the Board of Directors waives such requirement for a specific loan, in favor of obtaining a Certificate of Inspection instead, defined as an internal evaluation completed by the Company. A quarterly collateral evaluation is performed which may include a site visit, property pictures and discussions with realtors and other similar business professionals to ascertain current values. For impaired loans less than $250,000 upon classification and annually at year end, the Company completes a Certificate of Inspection, which includes an onsite inspection, and considers value indicators such as insured values, tax assessed values, recent sales comparisons and a review of the previous evaluations.These assets are included as Level 3 fair values, based upon the lowest level that is significant to the fair value measurements. The fair value consists of the impaired loan balances less the valuation allowance and/or charge-offs. There were no transfers between valuation levels in 2022 and 2021. Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis There were no foreclosed assets held for resale measured at fair value on a nonrecurring basis at September 30, 2022 and December 31, 2021. ​ The Company’s foreclosed asset valuation procedure requires an appraisal or a Certificate of Inspection, which considers the sales prices of similar properties in the proximate vicinity, to be completed periodically with the exception of those cases in which the Bank has obtained a sales agreement. These assets are included as Level 3 fair values, based upon the lowest level that is significant to the fair value measurements. There were no transfers between valuation levels in 2022 and 2021. The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Weighted September 30, 2022 Estimate Valuation Technique Unobservable Input Range Average Impaired loans - collateral dependent ​ $ 3,120 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 ( 15% ) – ( 26% ) (15%) Impaired loans - other ​ $ 2,812 Discounted cash flow Discount rate ( 7% ) – ( 7% ) (7%) ​ ​ December 31, 2021 ​ Impaired loans - collateral dependent ​ $ 3,120 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 ( 15% ) – ( 44% ) (15%) Impaired loans - other ​ $ 2,864 Discounted cash flow Discount rate ( 7% ) – ( 7% ) (7%) 1. Fair value is generally determined through independent appraisals or Certificates of Inspection of the underlying collateral, as defined by Bank regulators. 2. Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The typical range of appraisal adjustments are presented as a percent of the appraisal value. 3. Includes qualitative adjustments by management and estimated liquidation expenses. 4. Collateral values may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. ​ Fair Value of Financial Instruments Measured on a Nonrecurring Basis ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at September 30, 2022 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 8,677 ​ $ 8,677 ​ $ — ​ $ — ​ $ 8,677 Interest-bearing deposits in other banks ​ 1,803 ​ — ​ 1,803 ​ — ​ 1,803 Time deposits with other banks ​ — ​ — ​ — ​ — ​ — Restricted investment in bank stocks ​ 4,408 ​ — ​ 4,408 ​ — ​ 4,408 Net loans ​ 836,464 ​ — ​ — ​ 792,912 ​ 792,912 Mortgage servicing rights ​ 327 ​ — ​ — ​ 327 ​ 327 Accrued interest receivable ​ 4,479 ​ — ​ 4,479 ​ — ​ 4,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 899,267 ​ — ​ 899,267 ​ — ​ 899,267 Time deposits ​ 159,042 ​ — ​ 153,246 ​ — ​ 153,246 Short-term borrowings ​ 94,748 ​ — ​ 94,410 ​ — ​ 94,410 Long-term borrowings ​ 25,000 ​ — ​ 24,058 ​ — ​ 24,058 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 22,019 ​ ​ — ​ ​ 22,019 Accrued interest payable ​ 573 ​ — ​ 573 ​ — ​ 573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OFF-BALANCE SHEET FINANCIAL INSTRUMENTS ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at December 31, 2021 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,600 ​ $ 9,600 ​ $ — ​ $ — ​ $ 9,600 Interest-bearing deposits in other banks ​ 51,738 ​ — ​ 51,738 ​ — ​ 51,738 Time deposits with other banks ​ 247 ​ — ​ 247 ​ — ​ 247 Restricted investment in bank stocks ​ 1,919 ​ — ​ 1,919 ​ — ​ 1,919 Net loans ​ 744,161 ​ — ​ — ​ 762,914 ​ 762,914 Mortgage servicing rights ​ 367 ​ — ​ — ​ 367 ​ 367 Accrued interest receivable ​ 4,361 ​ — ​ 4,361 ​ — ​ 4,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 904,877 ​ — ​ 904,877 ​ — ​ 904,877 Time deposits ​ 173,092 ​ — ​ 172,897 ​ — ​ 172,897 Short-term borrowings ​ 27,377 ​ — ​ 27,380 ​ — ​ 27,380 Long-term borrowings ​ 35,000 ​ — ​ 35,987 ​ — ​ 35,987 Subordinated debentures ​ 25,000 ​ ​ — ​ ​ 24,384 ​ ​ — ​ ​ 24,384 Accrued interest payable ​ ​ 251 ​ — ​ 251 ​ — ​ 251 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OFF-BALANCE SHEET FINANCIAL INSTRUMENTS ​ ​ — ​ — ​ — ​ — ​ — ​

REVENUE RECOGNITION

REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2022
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 11 — REVENUE RECOGNITION In accordance with ASU 2014-09 Revenue from Contracts with Customers – Topic 606, Deposits related fees and service charges Service charges and fees on deposits, which are included as liabilities in the consolidated balance sheets, consist of fees related to monthly fees for various retail and business checking accounts, automated teller machine (“ATM”) fees (charged for withdrawals by our deposit customers from other bank ATMs) and insufficient funds fees (“NSF”) (which are charged when customers overdraw their accounts beyond available funds). All deposit liabilities are considered to have one-day terms and therefore related fees are recognized in income at the time when the services are provided to the customers. The Company elected to adopt practical expedient related to incremental costs of obtaining deposit contracts. As such, any costs associated with acquiring the deposits, except for time deposits with maturities in excess of one year, are recognized as an expense within non-interest expense in the consolidated statements of income when incurred as the amortization period of the deposit liabilities that otherwise would have been recognized is one year or less. Wealth/Asset/Trust Management Fees Wealth management services are delivered to individuals, corporations and retirement funds located primarily within our geographic markets. The Trust Department of the Company conducts the wealth management operations, which provides a broad range of personal and corporate fiduciary services, including the administration of estates. Assets held in a fiduciary capacity by the Trust Department are not assets of the Company and, therefore, are not included in our consolidated financial statements. Wealth management fees, which are contractually agreed with each customer, are earned each month and recognized on a cash basis based on average fair value of the trust assets under management. The services provided under such a contract are considered a single performance obligation under ASC 606 because they embody a series of distinct goods or services that are substantially the same and have the same pattern of transfer to the customer. Wealth management fees charged by the Trust Department follow a tiered structure based on the type and size of the assets under management. Wealth management fees are included within non-interest income in the consolidated statements of income. As of September 30, 2022 and December 31, 2021, the fair value of trust assets under management was $114,030,000 and $108,339,000, respectively. The costs of acquiring asset management customers are incremental and recognized within non-interest expense in the consolidated statements of income. Interchange Fees and Surcharges Interchange fees are related to the acceptance and settlement of debit card transactions, both point-of-sale and ATM, to cover operating costs and risks associated with the approval and settlement of the transactions. Interchange fees vary by type of transaction and each merchant sector. Net income recognized from interchange fees is included in non-interest income on the consolidated statements of income. A surcharge is assessed for use of the Company’s ATMs by non-customers. All interchange fees and surcharges are recognized as received on a daily basis for the prior business day’s transactions. All expenses related to the settlement of debit card transactions (both point-of-sale and ATM) are recognized on a monthly basis and included in non-interest expense on the consolidated statements of income.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2022
EARNINGS PER SHARE
EARNINGS PER SHARE	NOTE 12 — EARNINGS PER SHARE ​ Basic earnings per share (“EPS”) is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the Corporation. At September 30, 2022 and 2021, there were no potential common shares outstanding. The following table sets forth the computation of basic and diluted earnings per share. ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Three Months Ended ​ September 30, ​ 2022 2021 Net income $ 3,504 ​ $ 4,023 Weighted-average common shares outstanding ​ 5,982 ​ ​ 5,915 Basic and diluted earnings per share $ 0.58 ​ $ 0.68 ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Nine Months Ended ​ September 30, ​ 2022 2021 Net income $ 10,869 ​ $ 11,506 Weighted-average common shares outstanding ​ 5,964 ​ ​ 5,890 Basic and diluted earnings per share $ 1.82 ​ $ 1.95 ​

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2022
GOODWILL.
GOODWILL	NOTE 13 — GOODWILL Goodwill resulted from the acquisition of the Pocono Community Bank in November 2007 and of certain fixed and operating assets acquired and deposit liabilities assumed of the branch of another financial institution in Danville, Pennsylvania, in January 2004. Such goodwill represents the excess cost of the acquired assets relative to the assets’ fair value at the dates of acquisition. In accordance with current accounting standards, goodwill is not amortized. Goodwill totaled $19,133,000 at September 30, 2022 and December 31, 2021. ​ Impairment testing is performed on an annual basis, using either a qualitative or quantitative approach. The assumptions used in the impairment test of goodwill are susceptible to change based on changes in economic conditions and other factors, including our stock price. Any change in the assumptions utilized to determine the carrying value of goodwill could adversely affect our results of operations. Goodwill was evaluated for impairment at December 31, 2021, and it was determined that goodwill was not impaired. Management evaluated the need for an interim goodwill impairment analysis and determined that there were no triggering events or negative factors affecting goodwill since the previous test that would indicate goodwill was impaired as of September 30, 2022. ​

SECURITIES (Tables)

SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
SECURITIES
Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair September 30, 2022: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 20,243 ​ $ — ​ $ (1,887) ​ $ 18,356 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 109,574 ​ ​ 1 ​ ​ (13,901) ​ ​ 95,674 Other ​ 5,603 ​ 3 ​ (39) ​ 5,567 Other mortgage backed securities ​ 39,378 ​ — ​ (3,038) ​ 36,340 Obligations of state and political subdivisions ​ 174,338 ​ 44 ​ (19,060) ​ 155,322 Asset backed securities ​ 30,834 ​ — ​ (967) ​ 29,867 Corporate debt securities ​ 47,917 ​ 170 ​ (2,644) ​ 45,443 Total ​ $ 427,887 ​ $ 218 ​ $ (41,536) ​ $ 386,569 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2021: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,825 ​ $ — ​ $ (96) ​ $ 7,729 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 116,039 ​ ​ 560 ​ ​ (1,688) ​ ​ 114,911 Other ​ 7,636 ​ 5 ​ (65) ​ 7,576 Other mortgage backed securities ​ 39,881 ​ 99 ​ (430) ​ 39,550 Obligations of state and political subdivisions ​ 175,021 ​ 11,709 ​ (554) ​ 186,176 Asset backed securities ​ 36,555 ​ 143 ​ (156) ​ 36,542 Corporate debt securities ​ 45,354 ​ 448 ​ (370) ​ 45,432 Total ​ $ 428,311 ​ $ 12,964 ​ $ (3,359) ​ $ 437,916
Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ Debt Securities Available-For-Sale (Dollars in thousands) ​ ​ ​ ​ U.S. Government ​ Other ​ Obligations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency & ​ Mortgage ​ of State ​ Asset ​ Corporate ​ U.S. Treasury Sponsored Agency Backed Debt & Political Backed Debt ​ Securities Obligations 1 Securities 1 Subdivisions Securities Securities Within 1 Year: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ — ​ $ — ​ $ — ​ $ 2,244 ​ $ — ​ $ 5,511 Fair value ​ — ​ — ​ — ​ 2,237 ​ — ​ 5,560 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 5 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 12,397 ​ 285 ​ 9,146 ​ 21,637 ​ — ​ 9,177 Fair value ​ 11,628 ​ 283 ​ 8,813 ​ 20,800 ​ — ​ 9,101 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 - 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 7,846 ​ 12,959 ​ 1,255 ​ 38,430 ​ — ​ 33,229 Fair value ​ 6,728 ​ 12,894 ​ 1,217 ​ 35,558 ​ — ​ 30,782 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 101,933 ​ 28,977 ​ 112,027 ​ 30,834 ​ — Fair value ​ — ​ 88,064 ​ 26,310 ​ 96,727 ​ 29,867 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ 20,243 ​ $ 115,177 ​ $ 39,378 ​ $ 174,338 ​ $ 30,834 ​ $ 47,917 Fair value ​ 18,356 ​ 101,241 ​ 36,340 ​ 155,322 ​ 29,867 ​ 45,443 1 Mortgage-backed securities are allocated for maturity reporting at their original maturity date.
Schedule of realized gains and losses recognized in net income on equity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Nine months ended ​ Nine months ended ​ ​ September 30, 2022 September 30, 2021 Net (losses) and gains recognized during the period on equity securities ​ $ (181) ​ $ 165 ​ Less: Net gains recognized during the period on equity securities sold during the period ​ 27 ​ 4 ​ Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date ​ $ (208) ​ $ 161 ​
Schedule of gross unrealized losses and fair value of the corporations debt securities	September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized Available-for-Sale: Value Loss Value Loss Value Loss U.S. Treasury securities ​ $ 11,628 ​ $ (769) ​ $ 6,728 ​ $ (1,118) ​ $ 18,356 ​ $ (1,887) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 38,062 ​ ​ (2,875) ​ ​ 54,908 ​ ​ (11,026) ​ ​ 92,970 ​ ​ (13,901) Other ​ 190 ​ ​ (1) ​ ​ 3,415 ​ ​ (38) ​ 3,605 ​ (39) Other mortgage-backed debt securities ​ 24,694 ​ ​ (1,566) ​ ​ 11,646 ​ ​ (1,472) ​ 36,340 ​ (3,038) Obligations of state and political subdivisions ​ 131,635 ​ ​ (13,551) ​ ​ 16,791 ​ ​ (5,509) ​ 148,426 ​ (19,060) Asset backed securities ​ 21,510 ​ ​ (306) ​ ​ 8,356 ​ ​ (661) ​ 29,866 ​ (967) Corporate debt securities ​ 19,160 ​ ​ (1,057) ​ ​ 17,463 ​ ​ (1,587) ​ 36,623 ​ (2,644) Total ​ $ 246,879 ​ $ (20,125) ​ $ 119,307 ​ $ (21,411) ​ $ 366,186 ​ $ (41,536) ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized Available-for-Sale: ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. Treasury securities ​ $ 7,729 ​ $ (96) ​ $ — ​ $ — ​ $ 7,729 ​ $ (96) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 66,195 ​ ​ (1,271) ​ ​ 11,697 ​ ​ (417) ​ ​ 77,892 ​ ​ (1,688) Other ​ — ​ ​ — ​ ​ 6,687 ​ ​ (65) ​ 6,687 ​ (65) Other mortgage-backed debt securities ​ 11,036 ​ ​ (225) ​ ​ 7,362 ​ ​ (205) ​ 18,398 ​ (430) Obligations of state and political subdivisions ​ 25,867 ​ ​ (362) ​ ​ 3,931 ​ ​ (192) ​ 29,798 ​ (554) Asset backed securities ​ 11,232 ​ ​ (49) ​ ​ 6,315 ​ ​ (107) ​ 17,547 ​ (156) Corporate debt securities ​ 19,485 ​ ​ (315) ​ ​ 3,445 ​ ​ (55) ​ 22,930 ​ (370) Total ​ $ 141,544 ​ $ (2,318) ​ $ 39,437 ​ $ (1,041) ​ $ 180,981 ​ $ (3,359)

LOANS AND ALLOWANCE FOR LOAN _2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2022
LOANS AND ALLOWANCE FOR LOAN LOSSES
Schedule of classes of the loan portfolio summarized by risk rating	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and ​ ​ (Dollars in thousands) ​ Industrial ​ Commercial Real Estate ​ ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Grade: ​ ​ ​ ​ 1-6 Pass ​ $ 84,683 ​ $ 81,561 ​ $ 578,976 ​ $ 498,565 7 Special Mention ​ — ​ — ​ 837 ​ 1,098 8 Substandard ​ 736 ​ 796 ​ 19,387 ​ 21,248 9 Doubtful ​ — ​ — ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 436 ​ 169 ​ 868 ​ 743 Total loans ​ $ 85,855 ​ $ 82,526 ​ $ 600,068 ​ $ 521,654 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate ​ ​ ​ ​ ​ ​ ​ ​ Including Home Equity ​ Consumer ​ ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Grade: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1-6 Pass ​ $ 153,535 ​ $ 141,983 ​ $ 5,304 ​ $ 5,210 7 Special Mention ​ — ​ 570 ​ 58 ​ — 8 Substandard ​ 979 ​ 1,020 ​ — ​ 5 9 Doubtful ​ — ​ — ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ (190) ​ (190) ​ 66 ​ 63 Total loans ​ $ 154,324 ​ $ 143,383 ​ $ 5,428 ​ $ 5,278 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ September 30, ​ December 31, ​ 2022 2021 Grade: ​ ​ 1-6 Pass ​ $ 822,498 ​ $ 727,319 7 Special Mention ​ 895 ​ 1,668 8 Substandard ​ 21,102 ​ 23,069 9 Doubtful ​ — ​ — Add (deduct): Unearned discount and ​ — ​ — Net deferred loan fees and costs ​ 1,180 ​ 785 Total loans ​ $ 845,675 ​ $ 752,841
Schedule of the allowance for loan losses, by loan class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the three months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 675 ​ $ 5,954 ​ $ 1,609 ​ $ 79 ​ $ 843 ​ $ 9,160 Charge-offs (149) ​ — ​ (12) ​ (10) ​ — ​ (171) Recoveries — ​ — ​ 2 ​ 1 ​ — ​ 3 Provision (credit) 192 ​ 93 ​ 11 ​ 5 ​ (82) ​ 219 Ending Balance $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 Charge-offs (158) ​ — ​ (12) ​ (16) ​ — ​ (186) Recoveries 2 ​ 38 ​ 16 ​ 5 ​ — ​ 61 Provision (credit) 193 ​ 601 ​ 67 ​ 2 ​ (207) ​ 656 Ending Balance $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 718 ​ $ 6,047 ​ $ 1,610 ​ $ 75 ​ $ 761 ​ $ 9,211 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 85,855 ​ $ 600,068 ​ $ 154,324 ​ $ 5,428 ​ $ — ​ $ 845,675 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 979 ​ $ 10,357 ​ $ 841 ​ $ — ​ $ — ​ $ 12,177 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 84,876 ​ $ 589,711 ​ $ 153,483 ​ $ 5,428 ​ $ — ​ $ 833,498 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the three months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 851 ​ $ 4,930 ​ $ 1,539 ​ $ 95 ​ $ 709 ​ $ 8,124 Charge-offs — ​ — ​ (10) ​ (13) ​ — ​ (23) Recoveries — ​ — ​ 1 ​ 1 ​ — ​ 2 (Credit) provision (84) ​ 280 ​ (16) ​ 11 ​ (6) ​ 185 Ending Balance $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 787 ​ $ 4,762 ​ $ 1,643 ​ $ 94 ​ $ 647 ​ $ 7,933 Charge-offs (13) ​ (29) ​ (65) ​ (33) ​ — ​ (140) Recoveries — ​ 30 ​ 2 ​ 8 ​ — ​ 40 (Credit) provision (7) ​ 447 ​ (66) ​ 25 ​ 56 ​ 455 Ending Balance $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 767 ​ $ 5,210 ​ $ 1,514 ​ $ 94 ​ $ 703 ​ $ 8,288 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ Ending Balance $ 94,791 ​ $ 513,001 ​ $ 143,747 ​ $ 5,246 ​ $ — ​ $ 756,785 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ 1,035 ​ $ 12,685 ​ $ 1,169 ​ $ — ​ $ — ​ $ 14,889 Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 93,756 ​ $ 500,316 ​ $ 142,578 ​ $ 5,246 ​ $ — ​ $ 741,896 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the year ended December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 787 ​ $ 4,762 ​ $ 1,643 ​ $ 94 ​ $ 647 ​ $ 7,933 Charge-offs (13) ​ (29) ​ (80) ​ (36) ​ — ​ (158) Recoveries — ​ 30 ​ 4 ​ 11 ​ — ​ 45 (Credit) provision (93) ​ 645 ​ (28) ​ 15 ​ 321 ​ 860 Ending Balance $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ Ending Balance $ 82,526 ​ $ 521,654 ​ $ 143,383 ​ $ 5,278 ​ $ — ​ $ 752,841 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ 1,017 ​ $ 11,803 ​ $ 853 ​ $ — ​ $ — ​ $ 13,673 Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 81,509 ​ $ 509,851 ​ $ 142,530 ​ $ 5,278 ​ $ — ​ $ 739,168
Schedule of the outstanding recorded investment of TDRs	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, December 31, ​ ​ 2022 ​ 2021 Non-accrual TDRs ​ $ 1,329 ​ $ 1,413 Accruing TDRs ​ 6,260 ​ 6,607 Total ​ $ 7,589 ​ $ 8,020
Schedule of the loan modifications categorized as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Three Months Ended September 30, 2022 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 1 ​ $ 134 ​ $ 143 ​ $ 143 Total ​ 1 ​ $ 134 ​ $ 143 ​ $ 143 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Nine Months Ended September 30, 2022 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 2 ​ $ 481 ​ $ 515 ​ $ 507 Total ​ 2 ​ $ 481 ​ $ 515 ​ $ 507 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Three Months Ended September 30, 2021 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 1 ​ $ 59 ​ $ 59 ​ $ 59 Total ​ 1 ​ $ 59 ​ $ 59 ​ $ 59 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Nine Months Ended September 30, 2021 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 4 ​ $ 360 ​ $ 360 ​ $ 350 Total ​ 4 ​ $ 360 ​ $ 360 ​ $ 350 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended September 30, 2022 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ — ​ 1 ​ 1 Total ​ — ​ — ​ 1 ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2022 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ — ​ 2 ​ 2 Total ​ — ​ — ​ 2 ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Three Months Ended September 30, 2021 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ — ​ 1 ​ 1 Total ​ — ​ — ​ 1 ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Nine Months Ended September 30, 2021 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ 2 ​ 2 ​ 4 Total ​ — ​ 2 ​ 2 ​ 4
Schedule of recorded investment, unpaid principal balance, related allowance, average recorded investment, and interest income recognized with respect to the Corporation's impaired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2022 ​ December 31, 2021 ​ ​ ​ Unpaid ​ ​ ​ ​ Unpaid ​ ​ ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ ​ Investment ​ Balance ​ Allowance ​ Investment ​ Balance ​ Allowance With no related allowance recorded: ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 979 ​ $ 979 ​ $ — ​ $ 1,017 ​ $ 1,017 ​ $ — Commercial Real Estate ​ 10,357 ​ 13,289 ​ — ​ 11,803 ​ 14,735 ​ — Residential Real Estate ​ 841 ​ 874 ​ — ​ 853 ​ 885 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ — ​ — ​ — ​ — ​ — ​ — Commercial Real Estate ​ — ​ — ​ — ​ — ​ — ​ — Residential Real Estate ​ — ​ — ​ — ​ — ​ — ​ — Total ​ $ 12,177 ​ $ 15,142 ​ $ — ​ $ 13,673 ​ $ 16,637 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total consists of: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 979 ​ $ 979 ​ $ — ​ $ 1,017 ​ $ 1,017 ​ $ — Commercial Real Estate ​ $ 10,357 ​ $ 13,289 ​ $ — ​ $ 11,803 ​ $ 14,735 ​ $ — Residential Real Estate ​ $ 841 ​ $ 874 ​ $ — ​ $ 853 ​ $ 885 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Three Months Ended ​ For the Three Months Ended ​ ​ September 30, 2022 ​ September 30, 2021 ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded: ​ ​ ​ ​ Commercial and Industrial ​ $ 987 ​ $ 4 ​ $ 1,042 ​ $ 2 Commercial Real Estate ​ 10,400 ​ 71 ​ 12,890 ​ 82 Residential Real Estate ​ 843 ​ — ​ 1,181 ​ — ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ — ​ — ​ — ​ — Commercial Real Estate ​ — ​ — ​ — ​ — Residential Real Estate ​ — ​ — ​ — ​ — Total ​ $ 12,230 ​ $ 75 ​ $ 15,113 ​ $ 84 ​ ​ ​ ​ ​ ​ ​ Total consists of: ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 987 ​ $ 4 ​ $ 1,042 ​ $ 2 Commercial Real Estate ​ $ 10,400 ​ $ 71 ​ $ 12,890 ​ $ 82 Residential Real Estate ​ $ 843 ​ $ — ​ $ 1,181 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Nine Months Ended ​ For the Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2021 ​ Average Interest Average Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized With no related allowance recorded: ​ ​ ​ ​ Commercial and Industrial ​ $ 997 ​ $ 9 ​ $ 1,061 ​ $ 7 Commercial Real Estate ​ 10,962 ​ 213 ​ 12,673 ​ 270 Residential Real Estate ​ 847 ​ — ​ 1,155 ​ 1 ​ ​ ​ ​ ​ ​ ​ With an allowance recorded: ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ — ​ — ​ — ​ — Commercial Real Estate ​ — ​ — ​ 322 ​ — Residential Real Estate ​ — ​ — ​ — ​ — Total ​ $ 12,806 ​ $ 222 ​ $ 15,211 ​ $ 278 ​ ​ ​ ​ ​ ​ ​ Total consists of: ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 997 ​ $ 9 ​ $ 1,061 ​ $ 7 Commercial Real Estate ​ $ 10,962 ​ $ 213 ​ $ 12,995 ​ $ 270 Residential Real Estate ​ $ 847 ​ $ — ​ $ 1,155 ​ $ 1
Schedule of total non-performing assets	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, ​ December 31, ​ 2022 2021 Commercial and Industrial ​ $ 670 ​ $ 708 Commercial Real Estate ​ 4,417 ​ ​ 5,519 Residential Real Estate ​ 830 ​ 839 Total non-accrual loans ​ 5,917 ​ 7,066 Foreclosed assets held for resale ​ — ​ — Loans past-due 90 days or more and still accruing interest ​ 165 ​ — Total non-performing assets ​ $ 6,082 ​ $ 7,066
Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Or Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Current- ​ ​ ​ ​ and Still ​ ​ 30-59 Days ​ 60-89 Days ​ or Greater ​ Total ​ ​ 29 Days ​ Total ​ Accruing ​ ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Loans ​ Interest September 30, 2022: ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ — ​ $ 645 ​ $ 645 ​ $ 85,210 ​ $ 85,855 ​ $ — Commercial Real Estate ​ 486 ​ 146 ​ 3,834 ​ 4,466 ​ 595,602 ​ 600,068 ​ — Residential Real Estate ​ 122 ​ 195 ​ 995 ​ 1,312 ​ 153,012 ​ 154,324 ​ 165 Consumer ​ 3 ​ 4 ​ — ​ 7 ​ 5,421 ​ 5,428 ​ — Total ​ $ 611 ​ $ 345 ​ $ 5,474 ​ $ 6,430 ​ $ 839,245 ​ $ 845,675 ​ $ 165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Or Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Current- ​ ​ ​ ​ and Still ​ ​ 30-59 Days ​ 60-89 Days ​ or Greater ​ Total ​ ​ 29 Days ​ Total ​ Accruing ​ ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Loans ​ Interest December 31, 2021: ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ 47 ​ $ — ​ $ 678 ​ $ 725 ​ $ 81,801 ​ $ 82,526 ​ $ — Commercial Real Estate ​ 116 ​ 189 ​ 4,891 ​ 5,196 ​ 516,458 ​ 521,654 ​ — Residential Real Estate ​ 553 ​ 191 ​ 839 ​ 1,583 ​ 141,800 ​ 143,383 ​ — Consumer ​ 14 ​ — ​ — ​ 14 ​ 5,264 ​ 5,278 ​ — Total ​ $ 730 ​ $ 380 ​ $ 6,408 ​ $ 7,518 ​ $ 745,323 ​ $ 752,841 ​ $ —

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2022
DEPOSITS
Schedule of major classifications of deposits	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) September 30, ​ December 31, ​ ​ 2022 2021 Non-interest bearing demand $ 251,894 ​ $ 249,040 Interest bearing demand ​ 373,604 ​ 395,033 Savings ​ 273,769 ​ 260,804 Time certificates of deposits less than $250,000 ​ 146,943 ​ 158,914 Time certificates of deposits $250,000 or greater ​ 10,362 ​ 13,030 Other time ​ 1,737 ​ 1,148 Total deposits ​ $ 1,058,309 ​ $ 1,077,969

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2022
BORROWINGS
Schedule of short-term borrowings and weighted-average interest rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, 2022 ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ — % ​ $ — 0.36 % Securities sold under agreements to repurchase ​ 28,519 ​ 0.56 % ​ 27,377 0.35 % ​ Federal Discount Window ​ — ​ 2.21 % ​ — 0.36 % ​ Federal Home Loan Bank of Pittsburgh ​ 66,229 ​ 1.94 % ​ — 0.34 % ​ Total ​ $ 94,748 ​ 1.44 % ​ $ 27,377 0.35 % ​
Schedule of short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ Gross Net Amounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts ​ of Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Offset ​ Presented ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ in the ​ in the ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts of ​ Consolidated ​ Consolidated ​ ​ ​ ​ Cash ​ ​ ​ ​ ​ Recognized ​ Balance ​ Balance ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Sheet ​ Sheet ​ Instruments ​ Pledge ​ Amount September 30, 2022 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 28,519 ​ $ — ​ $ 28,519 ​ $ (28,519) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 27,377 ​ $ — ​ $ 27,377 ​ $ (27,377) ​ $ — ​ $ — (a) As of September 30, 2022 and December 31, 2021, the fair value of securities pledged in connection with repurchase agreements was $36,062,000 and $37,735,000 , respectively.
Schedule of the remaining contractual maturity of the master netting arrangement or repurchase agreements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Remaining Contractual Maturity of the Agreements ​ ​ Overnight ​ ​ ​ ​ Greater ​ Greater ​ ​ ​ ​ ​ and ​ Up to ​ 30 -90 ​ than ​ ​ ​ ​ ​ Continuous ​ 30 days ​ Days ​ 90 Days ​ Total September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 28,519 ​ $ — ​ $ — ​ $ — ​ $ 28,519 Total ​ $ 28,519 ​ $ — ​ $ — ​ $ — ​ $ 28,519

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of weighted-average term and discount rates for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ December 31, ​ September 30, ​ ​ December 31, ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 ​ ​ ​ Operating Operating ​ ​ Finance Finance ​ Weighted-average term (years) 24.13 ​ 24.51 ​ ​ 0.92 ​ 1.67 ​ Weighted-average discount rate 3.93% ​ 3.89% ​ ​ 0.68% ​ 0.68% ​
Schedule of maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ September 30, ​ December 31, ​ September 30, ​ December 31, ​ 2022 2021 2022 2021 Minimum Lease Payments due: ​ Operating ​ Operating ​ Finance ​ Finance Within one year ​ $ 80 ​ $ 120 ​ $ 9 ​ $ 10 After one but within two years ​ 68 ​ 68 ​ — ​ 7 After two but within three years ​ 68 ​ 68 ​ — ​ — After three but within four years ​ 68 ​ 68 ​ — ​ — After four but within five years ​ 78 ​ 68 ​ — ​ — After five years ​ 2,129 ​ 2,190 ​ — ​ — Total undiscounted cash flows ​ 2,491 ​ 2,582 ​ 9 ​ 17 Discount on cash flows ​ (1,007) ​ (1,083) ​ — ​ (1) Total lease liability ​ $ 1,484 ​ $ 1,499 ​ $ 9 ​ $ 16

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Tables)	9 Months Ended
	Sep. 30, 2022
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK
Schedule of Financial instruments whose contract amounts representing credit risk	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 123,282 ​ $ 142,335 ​ Financial standby letters of credit ​ $ 2,779 ​ $ 2,000 ​ Performance standby letters of credit ​ $ 3,073 ​ $ 3,727 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
FAIR VALUE MEASUREMENTS
Schedule of securities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 18,356 ​ $ — ​ $ — ​ $ 18,356 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 95,674 ​ ​ — ​ ​ 95,674 Other ​ — ​ 5,567 ​ — ​ 5,567 Other mortgage backed debt securities ​ — ​ 36,340 ​ — ​ 36,340 Obligations of state and political subdivisions ​ — ​ 155,322 ​ — ​ 155,322 Asset backed securities ​ — ​ 29,867 ​ — ​ 29,867 Corporate debt securities ​ — ​ 45,443 ​ — ​ 45,443 Total debt securities available-for-sale ​ 18,356 ​ 368,213 ​ — ​ 386,569 Marketable equity securities ​ 1,612 ​ — ​ — ​ 1,612 Total recurring fair value measurements ​ $ 19,968 ​ $ 368,213 ​ $ — ​ $ 388,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,729 ​ $ — ​ $ — ​ $ 7,729 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 114,911 ​ ​ — ​ ​ 114,911 Other ​ — ​ 7,576 ​ — ​ 7,576 Other mortgage backed debt securities ​ — ​ 39,550 ​ — ​ 39,550 Obligations of state and political subdivisions ​ — ​ 186,176 ​ — ​ 186,176 Asset backed securities ​ — ​ 36,542 ​ — ​ 36,542 Corporate debt securities ​ — ​ 45,432 ​ — ​ 45,432 Total debt securities available-for-sale ​ 7,729 ​ 430,187 ​ — ​ 437,916 Marketable equity securities ​ 1,962 ​ — ​ — ​ 1,962 Total recurring fair value measurements ​ $ 9,691 ​ $ 430,187 ​ $ — ​ $ 439,878
Schedule of impaired loans measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at September 30, 2022 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,902 ​ $ 5,902 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,932 ​ $ 5,932 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2021 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,954 ​ $ 5,954 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,984 ​ $ 5,984
Schedule of fair value measurement inputs and valuation techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Weighted September 30, 2022 Estimate Valuation Technique Unobservable Input Range Average Impaired loans - collateral dependent ​ $ 3,120 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 ( 15% ) – ( 26% ) (15%) Impaired loans - other ​ $ 2,812 Discounted cash flow Discount rate ( 7% ) – ( 7% ) (7%) ​ ​ December 31, 2021 ​ Impaired loans - collateral dependent ​ $ 3,120 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 ( 15% ) – ( 44% ) (15%) Impaired loans - other ​ $ 2,864 Discounted cash flow Discount rate ( 7% ) – ( 7% ) (7%) 1. Fair value is generally determined through independent appraisals or Certificates of Inspection of the underlying collateral, as defined by Bank regulators. 2. Appraisals may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses. The typical range of appraisal adjustments are presented as a percent of the appraisal value. 3. Includes qualitative adjustments by management and estimated liquidation expenses. 4. Collateral values may be adjusted downward by management for qualitative factors such as economic conditions and estimated liquidation expenses.
Schedule of fair value of financial instruments, including financial assets and financial liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at September 30, 2022 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 8,677 ​ $ 8,677 ​ $ — ​ $ — ​ $ 8,677 Interest-bearing deposits in other banks ​ 1,803 ​ — ​ 1,803 ​ — ​ 1,803 Time deposits with other banks ​ — ​ — ​ — ​ — ​ — Restricted investment in bank stocks ​ 4,408 ​ — ​ 4,408 ​ — ​ 4,408 Net loans ​ 836,464 ​ — ​ — ​ 792,912 ​ 792,912 Mortgage servicing rights ​ 327 ​ — ​ — ​ 327 ​ 327 Accrued interest receivable ​ 4,479 ​ — ​ 4,479 ​ — ​ 4,479 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 899,267 ​ — ​ 899,267 ​ — ​ 899,267 Time deposits ​ 159,042 ​ — ​ 153,246 ​ — ​ 153,246 Short-term borrowings ​ 94,748 ​ — ​ 94,410 ​ — ​ 94,410 Long-term borrowings ​ 25,000 ​ — ​ 24,058 ​ — ​ 24,058 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 22,019 ​ ​ — ​ ​ 22,019 Accrued interest payable ​ 573 ​ — ​ 573 ​ — ​ 573 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OFF-BALANCE SHEET FINANCIAL INSTRUMENTS ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at December 31, 2021 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,600 ​ $ 9,600 ​ $ — ​ $ — ​ $ 9,600 Interest-bearing deposits in other banks ​ 51,738 ​ — ​ 51,738 ​ — ​ 51,738 Time deposits with other banks ​ 247 ​ — ​ 247 ​ — ​ 247 Restricted investment in bank stocks ​ 1,919 ​ — ​ 1,919 ​ — ​ 1,919 Net loans ​ 744,161 ​ — ​ — ​ 762,914 ​ 762,914 Mortgage servicing rights ​ 367 ​ — ​ — ​ 367 ​ 367 Accrued interest receivable ​ 4,361 ​ — ​ 4,361 ​ — ​ 4,361 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 904,877 ​ — ​ 904,877 ​ — ​ 904,877 Time deposits ​ 173,092 ​ — ​ 172,897 ​ — ​ 172,897 Short-term borrowings ​ 27,377 ​ — ​ 27,380 ​ — ​ 27,380 Long-term borrowings ​ 35,000 ​ — ​ 35,987 ​ — ​ 35,987 Subordinated debentures ​ 25,000 ​ ​ — ​ ​ 24,384 ​ ​ — ​ ​ 24,384 Accrued interest payable ​ ​ 251 ​ — ​ 251 ​ — ​ 251 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OFF-BALANCE SHEET FINANCIAL INSTRUMENTS ​ ​ — ​ — ​ — ​ — ​ —

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
EARNINGS PER SHARE
Schedule of basic and diluted earnings per share	​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Three Months Ended ​ September 30, ​ 2022 2021 Net income $ 3,504 ​ $ 4,023 Weighted-average common shares outstanding ​ 5,982 ​ ​ 5,915 Basic and diluted earnings per share $ 0.58 ​ $ 0.68 ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Nine Months Ended ​ September 30, ​ 2022 2021 Net income $ 10,869 ​ $ 11,506 Weighted-average common shares outstanding ​ 5,964 ​ ​ 5,890 Basic and diluted earnings per share $ 1.82 ​ $ 1.95

BASIS OF PRESENTATION , SUMMARY

BASIS OF PRESENTATION , SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands		9 Months Ended
	Oct. 21, 2022	Sep. 30, 2022	Sep. 30, 2021
Subsequent Event [Line Items]
Purchase of premises		$ 445	$ 308
Subsequent Event | Office Building | Bethlehem, Pennsylvania
Subsequent Event [Line Items]
Purchase of premises	$ 1,107

SECURITIES - Amortized cost, re

SECURITIES - Amortized cost, related estimated fair value, and unrealized gains and losses (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Available-for-Sale Securities
Amortized Cost	$ 427,887	$ 428,311
Gross Unrealized Gains	218	12,964
Gross Unrealized Losses	(41,536)	(3,359)
Total	386,569	437,916
Other mortgage backed debt securities [Member]
Available-for-Sale Securities
Amortized Cost	39,378	39,881
Gross Unrealized Gains		99
Gross Unrealized Losses	(3,038)	(430)
Total	36,340	39,550
U.S. Treasury and/or agency securities
Available-for-Sale Securities
Amortized Cost	20,243	7,825
Gross Unrealized Losses	(1,887)	(96)
Total	18,356	7,729
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Available-for-Sale Securities
Amortized Cost	109,574	116,039
Gross Unrealized Gains	1	560
Gross Unrealized Losses	(13,901)	(1,688)
Total	95,674	114,911
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities
Amortized Cost	5,603	7,636
Gross Unrealized Gains	3	5
Gross Unrealized Losses	(39)	(65)
Total	5,567	7,576
Obligations of state and political subdivisions
Available-for-Sale Securities
Amortized Cost	174,338	175,021
Gross Unrealized Gains	44	11,709
Gross Unrealized Losses	(19,060)	(554)
Total	155,322	186,176
Asset backed securities
Available-for-Sale Securities
Amortized Cost	30,834	36,555
Gross Unrealized Gains		143
Gross Unrealized Losses	(967)	(156)
Total	29,867	36,542
Corporate debt securities
Available-for-Sale Securities
Amortized Cost	47,917	45,354
Gross Unrealized Gains	170	448
Gross Unrealized Losses	(2,644)	(370)
Total	$ 45,443	$ 45,432

SECURITIES - Amortized cost and

SECURITIES - Amortized cost and fair value of debt securities (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Other mortgage backed debt securities [Member]
Available-For-Sale - Amortized cost
1 - 5 Years	$ 9,146
5 - 10 Years	1,255
After 10 Years	28,977
Total	39,378
Available-For-Sale - Estimated fair value
1 - 5 Years	8,813
5 - 10 Years	1,217
After 10 Years	26,310
Total	36,340
U.S. Treasury and/or agency securities
Available-For-Sale - Amortized cost
1 - 5 Years	12,397
5 - 10 Years	7,846
Total	20,243
Available-For-Sale - Estimated fair value
1 - 5 Years	11,628
5 - 10 Years	6,728
Total	18,356
U.S. Government Corporations & Agencies Obligations
Available-For-Sale - Amortized cost
1 - 5 Years	285
5 - 10 Years	12,959
After 10 Years	101,933
Total	115,177
Available-For-Sale - Estimated fair value
1 - 5 Years	283
5 - 10 Years	12,894
After 10 Years	88,064
Total	101,241
Obligations of state and political subdivisions
Available-For-Sale - Amortized cost
Within 1 Year	2,244
1 - 5 Years	21,637
5 - 10 Years	38,430
After 10 Years	112,027
Total	174,338
Available-For-Sale - Estimated fair value
Within 1 Year	2,237
1 - 5 Years	20,800
5 - 10 Years	35,558
After 10 Years	96,727
Total	155,322
Asset backed securities
Available-For-Sale - Amortized cost
After 10 Years	30,834
Total	30,834
Available-For-Sale - Estimated fair value
After 10 Years	29,867
Total	29,867
Corporate debt securities
Available-For-Sale - Amortized cost
Within 1 Year	5,511
1 - 5 Years	9,177
5 - 10 Years	33,229
Total	47,917
Available-For-Sale - Estimated fair value
Within 1 Year	5,560
1 - 5 Years	9,101
5 - 10 Years	30,782
Total	$ 45,443

SECURITIES - Unrealized and rea

SECURITIES - Unrealized and realized gains (losses) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
SECURITIES
Net (losses) and gains recognized during the period on equity securities	$ (181)	$ 165
Less: Net gains recognized during the period on equity securities sold during the period	27	4
Net (losses) and gains recognized during the reporting period on equity securities still held at the reporting date	$ (208)	$ 161

SECURITIES - Continuous unreali

SECURITIES - Continuous unrealized loss position (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Less Than 12 Months
Fair Value	$ 246,879	$ 141,544
Unrealized Loss	(20,125)	(2,318)
12 Months or More
Fair Value	119,307	39,437
Unrealized Loss	(21,411)	(1,041)
Total
Fair Value	366,186	180,981
Unrealized Loss	(41,536)	(3,359)
Other mortgage backed debt securities
Less Than 12 Months
Fair Value	24,694	11,036
Unrealized Loss	(1,566)	(225)
12 Months or More
Fair Value	11,646	7,362
Unrealized Loss	(1,472)	(205)
Total
Fair Value	36,340	18,398
Unrealized Loss	(3,038)	(430)
U.S. Treasury and/or agency securities
Less Than 12 Months
Fair Value	11,628	7,729
Unrealized Loss	(769)	(96)
12 Months or More
Fair Value	6,728
Unrealized Loss	(1,118)
Total
Fair Value	18,356	7,729
Unrealized Loss	(1,887)	(96)
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Less Than 12 Months
Fair Value	38,062	66,195
Unrealized Loss	(2,875)	(1,271)
12 Months or More
Fair Value	54,908	11,697
Unrealized Loss	(11,026)	(417)
Total
Fair Value	92,970	77,892
Unrealized Loss	(13,901)	(1,688)
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Less Than 12 Months
Fair Value	190
Unrealized Loss	(1)
12 Months or More
Fair Value	3,415	6,687
Unrealized Loss	(38)	(65)
Total
Fair Value	3,605	6,687
Unrealized Loss	(39)	(65)
Obligations of state and political subdivisions
Less Than 12 Months
Fair Value	131,635	25,867
Unrealized Loss	(13,551)	(362)
12 Months or More
Fair Value	16,791	3,931
Unrealized Loss	(5,509)	(192)
Total
Fair Value	148,426	29,798
Unrealized Loss	(19,060)	(554)
Asset backed securities
Less Than 12 Months
Fair Value	21,510	11,232
Unrealized Loss	(306)	(49)
12 Months or More
Fair Value	8,356	6,315
Unrealized Loss	(661)	(107)
Total
Fair Value	29,866	17,547
Unrealized Loss	(967)	(156)
Corporate debt securities
Less Than 12 Months
Fair Value	19,160	19,485
Unrealized Loss	(1,057)	(315)
12 Months or More
Fair Value	17,463	3,445
Unrealized Loss	(1,587)	(55)
Total
Fair Value	36,623	22,930
Unrealized Loss	$ (2,644)	$ (370)

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) item	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Total	$ 386,569,000		$ 386,569,000		$ 437,916,000
Aggregate carrying value	300,452,000		300,452,000		318,074,000
Proceeds from sales of debt securities available-for-sale	0	$ 0	0	$ 0
Impairment losses realized on available-for-sale debt securities	0	0	0	0
Marketable equity securities, at fair value	1,612,000		1,612,000		1,962,000
Accumulated other comprehensive income (loss)	(32,642,000)		(32,642,000)		7,588,000
Proceeds from sale of securities held-to-maturity	0	0	0	0
Realized gain (loss) on held to maturity securities sold			0	0
Net gains and losses on debt securities	$ 0	$ 0	$ 0	$ 0
Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than Or Equal To One Year | item	156		156
Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than One Year | item	61		61
Asset Pledged as Collateral
Total	$ 355,786,000		$ 355,786,000		401,861,000
Marketable Equity Securities
Marketable equity securities, at fair value	$ 1,612,000		$ 1,612,000		$ 1,962,000

LOANS AND ALLOWANCE FOR LOAN _3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Financing Receivable, Recorded Investment [Line Items]
Add (deduct): Unearned discount	$ 0	$ 0
Net deferred loan fees and costs	1,180,000	785,000
Total loans	845,675,000	752,841,000	$ 756,785,000
GGLs
Financing Receivable, Recorded Investment [Line Items]
Loans	4,660,000	3,829,000
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	822,498,000	727,319,000
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	895,000	1,668,000
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	21,102,000	23,069,000
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans	0	0
Commercial and industrial
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	436,000	169,000
Total loans	85,855,000	82,526,000	94,791,000
Commercial and industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	84,683,000	81,561,000
Commercial and industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	736,000	796,000
commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	868,000	743,000
Total loans	600,068,000	521,654,000	513,001,000
commercial real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	578,976,000	498,565,000
commercial real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	837,000	1,098,000
commercial real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	19,387,000	21,248,000
residential real estate
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	(190,000)	(190,000)
Total loans	154,324,000	143,383,000	143,747,000
residential real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	153,535,000	141,983,000
residential real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans		570,000
residential real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans	979,000	1,020,000
Consumer
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	66,000	63,000
Total loans	5,428,000	5,278,000	$ 5,246,000
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans	5,304,000	5,210,000
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans	$ 58,000
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans		$ 5,000

LOANS AND ALLOWANCE FOR LOAN _4

LOANS AND ALLOWANCE FOR LOAN LOSSES - Activity in allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Beginning balance	$ 9,160	$ 8,124	$ 8,680	$ 7,933	$ 7,933
Charge-offs	(171)	(23)	(186)	(140)	(158)
Recoveries	3	2	61	40	45
(Credit) provision	219	185	656	455	860
Ending Balance	9,211	8,288	9,211	8,288	8,680
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	9,211	8,288	9,211	8,288	8,680
Ending Balance	845,675	756,785	845,675	756,785	752,841
Ending balance: individually evaluated for impairment	12,177	14,889	12,177	14,889	13,673
Ending balance: collectively evaluated for impairment	833,498	741,896	833,498	741,896	739,168
Commercial and industrial
Beginning balance	675	851	681	787	787
Charge-offs	(149)		(158)	(13)	(13)
Recoveries			2		0
(Credit) provision	192	(84)	193	(7)	(93)
Ending Balance	718	767	718	767	681
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	718	767	718	767	681
Ending Balance	85,855	94,791	85,855	94,791	82,526
Ending balance: individually evaluated for impairment	979	1,035	979	1,035	1,017
Ending balance: collectively evaluated for impairment	84,876	93,756	84,876	93,756	81,509
commercial real estate
Beginning balance	5,954	4,930	5,408	4,762	4,762
Charge-offs				(29)	(29)
Recoveries			38	30	30
(Credit) provision	93	280	601	447	645
Ending Balance	6,047	5,210	6,047	5,210	5,408
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	6,047	5,210	6,047	5,210	5,408
Ending Balance	600,068	513,001	600,068	513,001	521,654
Ending balance: individually evaluated for impairment	10,357	12,685	10,357	12,685	11,803
Ending balance: collectively evaluated for impairment	589,711	500,316	589,711	500,316	509,851
residential real estate
Beginning balance	1,609	1,539	1,539	1,643	1,643
Charge-offs	(12)	(10)	(12)	(65)	(80)
Recoveries	2	1	16	2	4
(Credit) provision	11	(16)	67	(66)	(28)
Ending Balance	1,610	1,514	1,610	1,514	1,539
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	1,610	1,514	1,610	1,514	1,539
Ending Balance	154,324	143,747	154,324	143,747	143,383
Ending balance: individually evaluated for impairment	841	1,169	841	1,169	853
Ending balance: collectively evaluated for impairment	153,483	142,578	153,483	142,578	142,530
Consumer
Beginning balance	79	95	84	94	94
Charge-offs	(10)	(13)	(16)	(33)	(36)
Recoveries	1	1	5	8	11
(Credit) provision	5	11	2	25	15
Ending Balance	75	94	75	94	84
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	75	94	75	94	84
Ending Balance	5,428	5,246	5,428	5,246	5,278
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	5,428	5,246	5,428	5,246	5,278
Unallocated Financing Receivables
Beginning balance	843	709	968	647	647
Charge-offs					0
Recoveries					0
(Credit) provision	(82)	(6)	(207)	56	321
Ending Balance	761	703	761	703	968
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment	$ 761	$ 703	$ 761	$ 703	968
Ending Balance					0
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					$ 0

LOANS AND ALLOWANCE FOR LOAN _5

LOANS AND ALLOWANCE FOR LOAN LOSSES - Outstanding recorded investment of TDRs (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Modifications, Recorded Investment	$ 7,589,000	$ 8,020,000
Non-accrual TDRs
Financing Receivable, Modifications, Recorded Investment	1,329,000	1,413,000
Accruing TDRs
Financing Receivable, Modifications, Recorded Investment	$ 6,260,000	$ 6,607,000

LOANS AND ALLOWANCE FOR LOAN _6

LOANS AND ALLOWANCE FOR LOAN LOSSES - Loan modifications categorized as TDRs (Details)	3 Months Ended						9 Months Ended
	Sep. 30, 2022 contract	Sep. 30, 2022 USD ($)	Sep. 30, 2022 loan	Sep. 30, 2021 contract	Sep. 30, 2021 USD ($)	Sep. 30, 2021 loan	Sep. 30, 2022 contract	Sep. 30, 2022 USD ($)	Sep. 30, 2022 loan	Sep. 30, 2021 contract	Sep. 30, 2021 USD ($)	Sep. 30, 2021 loan
Number of contracts	1		1	1		1	2		2	4		4
Pre-Modification Outstanding Recorded Investment		$ 134,000			$ 59,000			$ 481,000			$ 360,000
Post-Modification Outstanding Recorded Investment		143,000			59,000			515,000			360,000
Recorded Investment		143,000			59,000			507,000			350,000
commercial real estate
Number of contracts | contract	1			1			2			4
Pre-Modification Outstanding Recorded Investment		134,000			59,000			481,000			360,000
Post-Modification Outstanding Recorded Investment		143,000			59,000			515,000			360,000
Recorded Investment		$ 143,000			$ 59,000			$ 507,000			$ 350,000

LOANS AND ALLOWANCE FOR LOAN _7

LOANS AND ALLOWANCE FOR LOAN LOSSES - Types of loan modifications (Details)	3 Months Ended				9 Months Ended
	Sep. 30, 2022 contract	Sep. 30, 2022 loan	Sep. 30, 2021 contract	Sep. 30, 2021 loan	Sep. 30, 2022 contract	Sep. 30, 2022 loan	Sep. 30, 2021 contract	Sep. 30, 2021 loan
Financing Receivable, Modifications, Number of Contracts	1	1	1	1	2	2	4	4
commercial real estate
Financing Receivable, Modifications, Number of Contracts		1		1		2		4
Term Modification
Financing Receivable, Modifications, Number of Contracts					2		2	2
Term Modification | commercial real estate
Financing Receivable, Modifications, Number of Contracts								2
Payment Modification
Financing Receivable, Modifications, Number of Contracts		1		1		2	2	2
Payment Modification | commercial real estate
Financing Receivable, Modifications, Number of Contracts		1		1		2		2
commercial real estate
Financing Receivable, Modifications, Number of Contracts | contract	1		1		2		4

LOANS AND ALLOWANCE FOR LOAN _8

LOANS AND ALLOWANCE FOR LOAN LOSSES - Impaired loans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Recorded Investment
Total	$ 12,177,000		$ 12,177,000		$ 13,673,000
Unpaid Principal Balance
Total	15,142,000		15,142,000		16,637,000
Related Allowance
Total					0
Average Recorded Investment
Total	12,230,000	$ 15,113,000	12,806,000	$ 15,211,000
Interest Income Recognized
Total	75,000	84,000	222,000	278,000
Commercial and industrial
Recorded Investment
With no related allowance recorded	979,000		979,000		1,017,000
With an allowance recorded	0		0		0
Total	979,000		979,000		1,017,000
Unpaid Principal Balance
With no related allowance recorded	979,000		979,000		1,017,000
With an allowance recorded	0		0		0
Total	979,000		979,000		1,017,000
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total	0		0		0
Average Recorded Investment
With no related allowance recorded	987,000	1,042,000	997,000	1,061,000
Total	987,000	1,042,000	997,000	1,061,000
Interest Income Recognized
With no related allowance recorded	4,000	2,000	9,000	7,000
Total	4,000	2,000	9,000	7,000
commercial real estate
Recorded Investment
With no related allowance recorded	10,357,000		10,357,000		11,803,000
Total	10,357,000		10,357,000		11,803,000
Unpaid Principal Balance
With no related allowance recorded	13,289,000		13,289,000		14,735,000
Total	13,289,000		13,289,000		14,735,000
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded					0
Total					0
Average Recorded Investment
With no related allowance recorded	10,400,000	12,890,000	10,962,000	12,673,000
With an allowance recorded				322,000
Total	10,400,000	12,890,000	10,962,000	12,995,000
Interest Income Recognized
With no related allowance recorded	71,000	82,000	213,000	270,000
Total	71,000	82,000	213,000	270,000
residential real estate
Recorded Investment
With no related allowance recorded	841,000		841,000		853,000
With an allowance recorded	0		0		0
Total	841,000		841,000		853,000
Unpaid Principal Balance
With no related allowance recorded	874,000		874,000		885,000
With an allowance recorded	0		0		0
Total	874,000		874,000		885,000
Related Allowance
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Total					$ 0
Average Recorded Investment
With no related allowance recorded	843,000	1,181,000	847,000	1,155,000
Total	$ 843,000	$ 1,181,000	$ 847,000	1,155,000
Interest Income Recognized
With no related allowance recorded				1,000
Total				$ 1,000

LOANS AND ALLOWANCE FOR LOAN _9

LOANS AND ALLOWANCE FOR LOAN LOSSES - Non-performing assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Total non-accrual loans	$ 5,917	$ 7,066
Loans past-due 90 days or more and still accruing interest	165
Total non-performing assets	6,082	7,066
Commercial and industrial
Total non-accrual loans	670	708
Loans past-due 90 days or more and still accruing interest	0
commercial real estate
Total non-accrual loans	4,417	5,519
Loans past-due 90 days or more and still accruing interest	0
residential real estate
Total non-accrual loans	830	$ 839
Loans past-due 90 days or more and still accruing interest	$ 165

LOANS AND ALLOWANCE FOR LOAN_10

LOANS AND ALLOWANCE FOR LOAN LOSSES - Past due (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Current - 29 Days Past Due	$ 839,245	$ 745,323
Total Loans	845,675	752,841	$ 756,785
90 Days or Greater Past Due and Still Accruing Interest	165
Financial Asset, Past Due, Equal to or Greater Than 30 Days
Past Due	6,430	7,518
Financial Asset, 30 to 59 Days Past Due
Past Due	611	730
Financing Receivables, 60 to 89 Days Past Due
Past Due	345	380
Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due	5,474	6,408
Commercial and industrial
Current - 29 Days Past Due	85,210	81,801
Total Loans	85,855	82,526	94,791
90 Days or Greater Past Due and Still Accruing Interest	0
Commercial and industrial | Financial Asset, Past Due, Equal to or Greater Than 30 Days
Past Due	645	725
Commercial and industrial | Financial Asset, 30 to 59 Days Past Due
Past Due	0	47
Commercial and industrial | Financing Receivables, 60 to 89 Days Past Due
Past Due		0
Commercial and industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due	645	678
commercial real estate
Current - 29 Days Past Due	595,602	516,458
Total Loans	600,068	521,654	513,001
90 Days or Greater Past Due and Still Accruing Interest	0
commercial real estate | Financial Asset, Past Due, Equal to or Greater Than 30 Days
Past Due	4,466	5,196
commercial real estate | Financial Asset, 30 to 59 Days Past Due
Past Due	486	116
commercial real estate | Financing Receivables, 60 to 89 Days Past Due
Past Due	146	189
commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due	3,834	4,891
residential real estate
Current - 29 Days Past Due	153,012	141,800
Total Loans	154,324	143,383	143,747
90 Days or Greater Past Due and Still Accruing Interest	165
residential real estate | Financial Asset, Past Due, Equal to or Greater Than 30 Days
Past Due	1,312	1,583
residential real estate | Financial Asset, 30 to 59 Days Past Due
Past Due	122	553
residential real estate | Financing Receivables, 60 to 89 Days Past Due
Past Due	195	191
residential real estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due	995	839
Consumer
Current - 29 Days Past Due	5,421	5,264
Total Loans	5,428	5,278	$ 5,246
90 Days or Greater Past Due and Still Accruing Interest	0
Consumer | Financial Asset, Past Due, Equal to or Greater Than 30 Days
Past Due	7	14
Consumer | Financial Asset, 30 to 59 Days Past Due
Past Due	3	14
Consumer | Financing Receivables, 60 to 89 Days Past Due
Past Due	4	0
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Past Due	$ 0	$ 0

LOANS AND ALLOWANCE FOR LOAN_11

LOANS AND ALLOWANCE FOR LOAN LOSSES - Additional Information (Details)	3 Months Ended						9 Months Ended								12 Months Ended
	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) contract loan	Sep. 30, 2021 USD ($) contract	Sep. 30, 2021 loan contract	Sep. 30, 2021 contract	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) loan contract	Sep. 30, 2022 USD ($) contract loan	Sep. 30, 2021 USD ($) contract	Sep. 30, 2021 contract loan	Sep. 30, 2021 contract	Dec. 31, 2021 USD ($) loan
Loans Receivable Held-for-sale, Amount	$ 691,000	$ 691,000	$ 691,000				$ 691,000	$ 691,000	$ 691,000	$ 691,000	$ 691,000				$ 6,006,000
Interest rate								1%
Maximum loan to value ratio with PMI	95%	95%	95%				95%	95%	95%	95%	95%
Loan Payments, Delinquency Period, Beyond Which Loans are Considered Past Due							10 days
Loan Payments, Delinquency Period, at which time Delinquency Notice is Automatically Generated							10 or 15 days
Loan Payments, Delinquency Period, Beyond Which Loans are Considered Non-Accrual							90 days
Transfer of Loans Held-for-sale to Portfolio Loans									$ 7,900,000
Foreclosed Assets Held For Resale	$ 0	$ 0	$ 0				$ 0	$ 0	0	$ 0	$ 0				0
Consumer Mortgage Loans Secured by Residential Real Estate in Process of Foreclosure	41,000	41,000	41,000				41,000	41,000	41,000	41,000	41,000				41,000
Financing Receivable, Modifications, Recorded Investment	7,589,000	$ 7,589,000	$ 7,589,000				7,589,000	7,589,000	7,589,000	$ 7,589,000	$ 7,589,000				8,020,000
Financing Receivable, Modifications, Unfunded Commitments									0						0
Modified value of TDR	143,000			$ 59,000					515,000			$ 360,000
Number of contracts		1	1		1	1				2	2		4	4
Impaired Financing Receivable Related Allowance Attributable to TDR									0						0
Impaired Financing Receivable, Interest Income, Accrual Method	75,000			84,000					222,000			278,000
Impaired Financing Receivable Interest Income Non-accrual Method	0								0			3,000
Financing Receivable, Modifications, Post-Modification Recorded Investment	143,000			$ 59,000					515,000			360,000
Number of loans modified as troubled debt restructuring within previous 12 months, with subsequent payment default | loan		0			0					0
GGLs
Loans	4,660,000	$ 4,660,000	$ 4,660,000				$ 4,660,000	$ 4,660,000	4,660,000	$ 4,660,000	$ 4,660,000				3,829,000
Minimum
Term of loan							2 years
Maximum
Term of loan							5 years
commercial real estate | Maximum
Term of loan offering							20 years
Maximum loan to value ratio								80%
Irrevocable Letter of credit | Developer of a Residential Sub-Division
Loans and Leases Receivable, Impaired, Commitment to Lend	1,249,000	1,249,000	1,249,000				$ 1,249,000	$ 1,249,000	1,249,000	1,249,000	1,249,000				1,249,000
Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments	$ 75,000	$ 75,000	$ 75,000				$ 75,000	$ 75,000	$ 75,000	$ 75,000	$ 75,000				$ 177,000
CARES Act Section 4013 Program For Loan Modifications
Count | loan	0	0	0				0	0	0	0	0				1
Amount of loan modification that were still actively on deferral															$ 9,423,000
Loan Restructuring Modification
Count | loan	0	0	0				0	0	0	0	0				1
Amount of loan modification that were still actively on deferral															$ 9,423,000
Term Modification
Number of contracts											2		2	2
Payment Modification
Number of contracts		1			1					2			2	2
Commercial and industrial
Tax free loans	$ 28,995,000	$ 28,995,000	$ 28,995,000				$ 28,995,000	$ 28,995,000	$ 28,995,000	$ 28,995,000	$ 28,995,000				24,647,000
Financing Receivable Modification Not In Compliance Of Terms									$ 670,000			$ 724,000
Number of loans not in compliance with restructure | contract	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Impaired Financing Receivable, Interest Income, Accrual Method	$ 4,000			$ 2,000					$ 9,000			$ 7,000
Government Guaranteed Loans.	$ 4,660,000	$ 4,660,000	$ 4,660,000				$ 4,660,000	$ 4,660,000	$ 4,660,000	$ 4,660,000	$ 4,660,000				$ 3,829,000
Commercial and industrial | PPP
Number of loans funded | loan	2	2	2				2	2	2	2	2				122
Loan funded under paycheck protection program	$ 125,000	$ 125,000	$ 125,000				$ 125,000	$ 125,000	$ 125,000	$ 125,000	$ 125,000				$ 4,894,000
Commercial and industrial | PPP | First Round of Paycheck Protection Program Loans Issuance
Number of loans funded | loan															2
Loan funded under paycheck protection program															$ 160,000
Commercial and industrial | PPP | Second Round of Paycheck Protection Program Loans Issuance
Number of loans funded | loan															120
Loan funded under paycheck protection program															$ 4,734,000
commercial real estate
Tax free loans	1,538,000	$ 1,538,000	$ 1,538,000				$ 1,538,000	$ 1,538,000	1,538,000	$ 1,538,000	$ 1,538,000				$ 1,671,000
Modified value of TDR	143,000			$ 59,000					515,000			360,000
Number of contracts | contract			1			1					2			4
Financing Receivable Modification Not In Compliance Of Terms									107,000			$ 541,000
Number of loans not in compliance with restructure | contract				8	8	8						8	8	8
Financing Receivable Modification Experienced Payment Defaults				$ 291,000
Impaired Financing Receivable, Interest Income, Accrual Method	71,000			82,000					213,000			$ 270,000
Financing Receivable, Modifications, Post-Modification Recorded Investment	$ 143,000			$ 59,000					$ 515,000			360,000
Number of loans modified as troubled debt restructuring within previous 12 months, with subsequent payment default | loan													3
residential real estate
Financing Receivable Modification Not In Compliance Of Terms												$ 15,000
Number of loans not in compliance with restructure | contract				1	1	1						1	1	1
Impaired Financing Receivable, Interest Income, Accrual Method												$ 1,000
residential real estate | Maximum
Term of loan offering							20 years
residential real estate | Home Equity Term Loans | Maximum
Term of loan offering							15 years
residential real estate | Residential Mortgage | Originated For Resale
Loans held for sale term	30 years	30 years	30 years				30 years	30 years	30 years	30 years	30 years
residential real estate | Residential Mortgage | Originated For Resale | Maximum
Term of loan offering							30 years
Maximum loan to value ratio								80%
residential real estate | Home Equity Loan | Maximum
Maximum loan to value ratio								80%
residential real estate | Home Equity Line of Credit | Maximum
Maximum loan to value ratio								80%
residential real estate | Home Equity Line of Credit | Home Equity Term Loans | Maximum
Term of loan offering							20 years

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
DEPOSITS
Non-interest bearing demand	$ 251,894,000	$ 249,040,000
Interest bearing demand	373,604,000	395,033,000
Savings	273,769,000	260,804,000
Time certificates of deposits less than $250,000	146,943,000	158,914,000
Time certificates of deposits $250,000 or greater	10,362,000	13,030,000
Other time	1,737,000	1,148,000
Total deposits	$ 1,058,309,000	$ 1,077,969,000

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
DEPOSITS
Increase (Decrease) in Deposits	$ (19,660,000)	$ 208,016,000
Deposits.	1,058,309,000		$ 1,077,969,000
Increase (decrease) in highly rate sensitive deposits	$ (84,608,000)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Short-term Debt	$ 94,748	$ 27,377
Debt Instrument, Interest Rate During Period	1.44%	0.35%
Federal Funds Purchased [Member]
Short-term Debt	$ 0	$ 0
Debt Instrument, Interest Rate During Period	0%	0.36%
Securities sold under agreements to repurchase
Short-term Debt	$ 28,519	$ 27,377
Debt Instrument, Interest Rate During Period	0.56%	0.35%
Federal Discount Window
Short-term Debt	$ 0	$ 0
Debt Instrument, Interest Rate During Period	2.21%	0.36%
Federal Home Loan Bank
Short-term Debt	$ 66,229	$ 0
Debt Instrument, Interest Rate During Period	1.94%	0.34%

BORROWINGS - Repurchase agreeme

BORROWINGS - Repurchase agreements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Repurchase agreements
Gross Amounts of Recognized Liabilities	$ 28,519	$ 27,377
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	28,519	27,377
Financial Instruments	(28,519)	(27,377)
Cash Collateral Pledge	0	0
Net Amount	$ 0	$ 0

BORROWINGS - Remaining contract

BORROWINGS - Remaining contractual maturity of the repurchase agreements (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	$ 28,519
U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	28,519
Overnight and Continuous
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	28,519
Overnight and Continuous | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	28,519
Up to 30 days
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Up to 30 days | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
30 - 90 Days
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
30 - 90 Days | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Greater than 90 Days
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Greater than 90 Days | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	$ 0

BORROWINGS - Additional Informa

BORROWINGS - Additional Information (Details) - USD ($)	9 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Short-term Debt [Line Items]
Fair value of securities pledged	$ 36,062,000	$ 37,735,000
Advance from FHLB	25,000,000	35,000,000
Net loans	836,464,000	$ 744,161,000
Maximum borrowing capacity	468,873,000
Investment securities pledged as collateral to FHLB	0
Irrevocable Standby Letter of Credit
Short-term Debt [Line Items]
Advance from FHLB	0
Asset Pledged as Collateral
Short-term Debt [Line Items]
Net loans	$ 664,778,000
Maximum
Short-term Debt [Line Items]
Federal funds purchased, securities sold under agreements to repurchase and Federal Home Loan Bank advances, maturity	30 days

SUBORDINATED DEBT (Details)

SUBORDINATED DEBT (Details) - Subordinated Debt	Dec. 10, 2020 USD ($)
Subordinated debt
Aggregate principal amount	$ 25,000,000
Stated interest rate for first five years	4.375%
Period of time for fixed interest rate and semi-annual payments (in years)	5 years
Minimum period of time for notice of redemption	10 days
Redemption price as a percent of principle amount	100%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Weighted average term and discount rates (Details)	Sep. 30, 2022	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Operating Lease, Weighted-average term (years)	24 years 1 month 17 days	24 years 6 months 3 days
Operating Lease, Weighted-average discount rate	3.93%	3.89%
Finance Lease, Weighted-average term (years)	11 months 1 day	1 year 8 months 1 day
Finance Lease, Weighted-average discount rate	0.68%	0.68%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Maturity analysis of operating lease liabilities (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES
Within one year	$ 80,000	$ 120,000
After one but within two years	68,000	68,000
After two but within three years	68,000	68,000
After three but within four years	68,000	68,000
After four but within five years	78,000	68,000
After five years	2,129,000	2,190,000
Total undiscounted cash flows	2,491,000	2,582,000
Discount on cash flows	(1,007,000)	(1,083,000)
Total lease liability	1,484,000	1,499,000
Finance Lease, Minimum Lease Payments due:
Within one year	9,000	10,000
After one but within two years		7,000
Total undiscounted cash flows	9,000	17,000
Discount on cash flows		(1,000)
Total lease liability	$ 9,000	$ 16,000

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	9 Months Ended
	Sep. 30, 2022 USD ($) lease	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Number of Operating Leases | lease	5
Operating Lease, Right-of-Use Asset	$ 999,000		$ 1,025,000
Operating Lease, Liability	1,484,000		1,499,000
Operating Lease, Cost	135,000	$ 133,000
Operating Lease, Payments	$ 125,000	116,000
Number of finance leases | lease	1
Finance lease, Right-of-Use Asset	$ 34,000		$ 34,000
Finance lease, Right-of-Use Asset, Balance sheet location	Premises and equipment, net		Premises and equipment, net
Finance Lease, Liability	$ 9,000		$ 16,000
Finance Lease Liability, Balance sheet location	Other Liabilities		Other Liabilities
Finance lease principal payments	$ 7,000	$ 7,000
Banking Facilities
Lessee, Lease, Description [Line Items]
Number of Operating Leases | lease	4
Land
Lessee, Lease, Description [Line Items]
Number of Operating Leases | lease	1

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Credit Risk, Financial Instrument, Off-Balance Sheet Risk	$ 123,282	$ 142,335
Financial standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Credit Risk, Financial Instrument, Off-Balance Sheet Risk	2,779	2,000
Performance standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Credit Risk, Financial Instrument, Off-Balance Sheet Risk	$ 3,073	$ 3,727

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK - Additional Information (Details) - Credit Concentration Risk	Sep. 30, 2022 USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans Receivable, Secure by Commercial and Residential Real Estate	$ 754,392,000
Loans Receivable, Percentage of Loans Secure by Commercial and Residential Real Estate	89.20%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	$ 386,569,000	$ 437,916,000
Marketable equity securities	1,612,000	1,962,000
Transfer in or out of Level 3	0	0
U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	18,356,000	7,729,000
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	5,567,000	7,576,000
Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	29,867,000	36,542,000
Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	45,443,000	45,432,000
Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,612,000	1,962,000
Fair Value, Measurements, Recurring
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	386,569,000	437,916,000
Total recurring fair value measurements	388,181,000	439,878,000
Fair Value, Measurements, Recurring | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	18,356,000	7,729,000
Fair Value, Measurements, Recurring | Mortgage Backed Obligations Of Us Government Corporations And Agencies
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	95,674,000	114,911,000
Fair Value, Measurements, Recurring | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	5,567,000	7,576,000
Fair Value, Measurements, Recurring | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	36,340,000	39,550,000
Fair Value, Measurements, Recurring | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	155,322,000	186,176,000
Fair Value, Measurements, Recurring | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	29,867,000	36,542,000
Fair Value, Measurements, Recurring | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	45,443,000	45,432,000
Fair Value, Measurements, Recurring | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,612,000	1,962,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	18,356,000	7,729,000
Total recurring fair value measurements	19,968,000	9,691,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	18,356,000	7,729,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Mortgage Backed Obligations Of Us Government Corporations And Agencies
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,612,000	1,962,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	368,213,000	430,187,000
Total recurring fair value measurements	368,213,000	430,187,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Mortgage Backed Obligations Of Us Government Corporations And Agencies
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	95,674,000	114,911,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	5,567,000	7,576,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	36,340,000	39,550,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	155,322,000	186,176,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	29,867,000	36,542,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	45,443,000	45,432,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Total recurring fair value measurements	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mortgage Backed Obligations Of Us Government Corporations And Agencies
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Impai

FAIR VALUE MEASUREMENTS - Impaired loans measured at FV (Details) - Fair Value Measurements, Nonrecurring - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 5,932	$ 5,984
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	5,932	5,984
commercial real estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	5,902	5,954
commercial real estate | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
commercial real estate | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
commercial real estate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	5,902	5,954
Residential Real Estate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	30	30
Residential Real Estate | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Residential Real Estate | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	0	0
Residential Real Estate | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 30	$ 30

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative information about Level 3 FV measurements (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Impaired loans - collateral dependent | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Estimate	$ 3,120	$ 3,120
Valuation Technique	Appraisal of collateral1,3Certificate of Inspection1,3	Appraisal of collateral1,3Certificate of Inspection1,3
Unobservable Input	Appraisal adjustments2Qualitative Adjustments4	Appraisal adjustments2Qualitative Adjustments4
Impaired loans - collateral dependent | Minimum | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(15.00%)	(15.00%)
Impaired loans - collateral dependent | Maximum | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(26.00%)	(44.00%)
Impaired loans - collateral dependent | Weighted Average | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(15.00%)	(15.00%)
Impaired Loans Receivable Discounted Cash Flow | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique	Discounted cash flow	Discounted cash flow
Unobservable Input	Discount rate	Discount rate
Impaired loans - other | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Estimate	$ 2,812	$ 2,864
Impaired loans - other | Minimum | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(7.00%)	(7.00%)
Impaired loans - other | Maximum | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(7.00%)	(7.00%)
Impaired loans - other | Weighted Average | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(7.00%)	(7.00%)

FAIR VALUE MEASUREMENTS - FV of

FAIR VALUE MEASUREMENTS - FV of Financial instruments (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
FINANCIAL ASSETS: (Carrying Amount)
Cash and due from banks	$ 8,677	$ 9,600
Interest-bearing deposits in other banks	1,803	51,738
Time deposits with other banks		247
Restricted investment in bank stocks	4,408	1,919
Net loans	836,464	744,161
Accrued interest receivable	4,479	4,361
FINANCIAL LIABILITIES: (Carrying Amount)
Short-term borrowings	94,748	27,377
Long-term borrowings	25,000	35,000
Subordinated debentures	25,000	25,000
Accrued interest payable	573	251
Fair Value Measurements, Nonrecurring
FINANCIAL ASSETS: (Carrying Amount)
Cash and due from banks	8,677	9,600
Interest-bearing deposits in other banks	1,803	51,738
Time deposits with other banks	0	247
Restricted investment in bank stocks	4,408	1,919
Net loans	836,464	744,161
Mortgage servicing rights	327	367
Accrued interest receivable	4,479	4,361
FINANCIAL LIABILITIES: (Carrying Amount)
Core deposits	899,267	904,877
Time deposits	159,042	173,092
Short-term borrowings	94,748	27,377
Long-term borrowings	25,000	35,000
Subordinated debentures	25,000	25,000
Accrued interest payable	573	251
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Carrying Amount)	0
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	8,677	9,600
Interest-bearing deposits in other banks	1,803	51,738
Time deposits with other banks	0	247
Restricted investment in bank stocks	4,408	1,919
Net loans	792,912	762,914
Mortgage servicing rights	327	367
Accrued interest receivable	4,479	4,361
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	899,267	904,877
Time deposits	153,246	172,897
Short-term borrowings	94,410	27,380
Long-term borrowings	24,058	35,987
Subordinated debentures	22,019	24,384
Accrued interest payable	573	251
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Fair Value)	0	0
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1
FINANCIAL LIABILITIES: (Carrying Amount)
Subordinated debentures	0
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	8,677	9,600
Interest-bearing deposits in other banks	0	0
Time deposits with other banks	0	0
Restricted investment in bank stocks	0	0
Net loans	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	0	0
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	0	0
Time deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Subordinated debentures		0
Accrued interest payable	0	0
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Fair Value)	0	0
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 2
FINANCIAL LIABILITIES: (Carrying Amount)
Subordinated debentures	22,019
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	0	0
Interest-bearing deposits in other banks	1,803	51,738
Time deposits with other banks	0	247
Restricted investment in bank stocks	4,408	1,919
Net loans	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	4,479	4,361
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	899,267	904,877
Time deposits	153,246	172,897
Short-term borrowings	94,410	27,380
Long-term borrowings	24,058	35,987
Subordinated debentures		24,384
Accrued interest payable	573	251
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Fair Value)	0	0
Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 3
FINANCIAL LIABILITIES: (Carrying Amount)
Subordinated debentures	0
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Time deposits with other banks	0	0
Restricted investment in bank stocks	0	0
Net loans	792,912	762,914
Mortgage servicing rights	327	367
Accrued interest receivable	0	0
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	0	0
Time deposits	0	0
Short-term borrowings	0	0
Long-term borrowings	0	0
Subordinated debentures		0
Accrued interest payable	0	0
OFF-BALANCE SHEET FINANCIAL INSTRUMENTS (Fair Value)	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Details)	Sep. 30, 2022 USD ($)
FAIR VALUE MEASUREMENTS
Minimum impaired loan balance that requires an appraisal or certificate of inspection to be obtained and reviewed annually for impaired loan valuation procedure	$ 250,000
Maximum impaired loan balance for which the bank completes a Certificate of Inspection	$ 250,000

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
REVENUE RECOGNITION
Fair value of trust assets	$ 114,030,000	$ 108,339,000

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
EARNINGS PER SHARE
Net income	$ 3,504	$ 4,023	$ 10,869	$ 11,506
Weighted-average common shares outstanding, basic	5,982,000	5,915,000	5,964,000	5,890,000
Weighted-average common shares outstanding, diluted	5,982,000	5,915,000	5,964,000	5,890,000
Basic earnings per share	$ 0.58	$ 0.68	$ 1.82	$ 1.95
Diluted earnings per share	$ 0.58	$ 0.68	$ 1.82	$ 1.95
Potential common shares outstanding			0	0

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
GOODWILL.
Goodwill	$ 19,133	$ 19,133