First Keystone (FKYS) 10-K 29 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 28, 2024	Jun. 30, 2023
Document And Entity Information
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Entity File Number	000-21344
Document Period End Date	Dec. 31, 2023
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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Public Float			$ 102,550,198
Title of 12(g) Security	Common Stock, par value $2.00 per share
Entity Common Stock, Shares Outstanding		6,019,152
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Auditor Name	Baker Tilly US, LLP
Auditor Firm ID	23
Auditor Location	Iselin, New Jersey
Entity Small Business	true
Entity Central Index Key	0000737875
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Cash and due from banks	$ 9,462,000	$ 9,441,000
Interest-bearing deposits in other banks	7,551,000	1,297,000
Total cash and cash equivalents	17,013,000	10,738,000
Debt securities available-for-sale, at fair value	392,968,000	373,444,000
Marketable equity securities, at fair value	1,482,000	1,699,000
Restricted investment in bank stocks, at cost	10,885,000	7,136,000
Loans	910,864,000	858,398,000
Loans held for sale	214,000	71,000
Allowance for credit losses	(6,925,000)	(8,274,000)
Net loans	904,153,000	850,195,000
Premises and equipment, net	19,611,000	19,024,000
Operating lease right-of-use assets	1,472,000	1,541,000
Accrued interest receivable	5,201,000	4,391,000
Cash surrender value of bank owned life insurance	26,010,000	25,389,000
Investments in low-income housing partnerships	5,961,000	3,763,000
Goodwill	19,133,000	19,133,000
Deferred income taxes	8,695,000	9,129,000
Other assets	3,286,000	3,612,000
TOTAL ASSETS	1,415,870,000	1,329,194,000
LIABILITIES
Non-interest bearing	198,569,000	231,754,000
Interest bearing	781,870,000	761,745,000
Total deposits	980,439,000	993,499,000
Short-term borrowings	153,468,000	153,418,000
Long-term borrowings	122,000,000	25,000,000
Subordinated debentures	25,000,000	25,000,000
Operating lease liabilities	1,976,000	2,029,000
Accrued interest payable	2,823,000	563,000
Other liabilities	8,549,000	9,299,000
TOTAL LIABILITIES	1,294,255,000	1,208,808,000
STOCKHOLDERS' EQUITY
Preferred stock, par value $2.00 per share; authorized 1,000,000 shares as of December 31, 2023 and December 31, 2022; issued 0 as of December 31, 2023 and December 31, 2022	0	0
Common stock, par value $2.00 per share; authorized 20,000,000 shares as of December 31, 2023 and December 31, 2022; issued 6,322,772 as of December 31, 2023 and 6,352,665 as of December 31, 2022; outstanding 6,091,161 as of December 31, 2023 and 6,121,054 as of December 31, 2022	12,705,000	12,502,000
Surplus	44,004,000	42,439,000
Retained earnings	100,260,000	100,712,000
Accumulated other comprehensive loss	(29,645,000)	(29,558,000)
Treasury stock, at cost, 231,611 shares as of December 31, 2023 and December 31, 2022	(5,709,000)	(5,709,000)
TOTAL STOCKHOLDERS' EQUITY	121,615,000	120,386,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,415,870,000	$ 1,329,194,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
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	6,322,772	6,352,665
Common stock, shares outstanding	6,091,161	6,121,054
Treasury stock, shares	231,611	231,611

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INTEREST INCOME
Interest and fees on loans	$ 42,747	$ 35,372
Interest and dividend income on securities:
Taxable	12,311	7,394
Tax-exempt	1,166	3,312
Dividends	56	55
Dividend income on restricted investment in bank stocks	669	264
Interest on interest-bearing deposits in other banks	39	16
Total interest income	56,988	46,413
INTEREST EXPENSE
Interest on deposits	17,108	5,259
Interest on short-term borrowings	8,774	1,935
Interest on long-term borrowings	896	628
Interest on subordinated debt	1,094	1,091
Total interest expense	27,872	8,913
Net interest income	29,116	37,500
Credit for credit losses	(217)	(264)
Net interest income after credit for credit losses	29,333	37,764
NON-INTEREST INCOME
Trust department	931	975
Service charges and fees	2,205	2,193
Increase in cash surrender value of life insurance	621	597
ATM fees and debit card income	2,195	2,146
Net gains (losses) on sales of mortgage loans	65	(7)
Net securities losses	(118)	(846)
Other	257	273
Total non-interest income	6,156	5,331
NON-INTEREST EXPENSE
Salaries and employee benefits	16,055	14,554
Occupancy, net	2,119	1,936
Furniture and equipment expense	637	594
Computer expense	1,571	1,493
Professional services	1,440	1,270
Pennsylvania shares tax	861	1,238
FDIC insurance, net	703	490
ATM and debit card fees	1,146	899
Data processing fees	1,304	915
Advertising	528	389
Other	2,881	2,999
Total non-interest expense	29,245	26,777
Income before income tax expense	6,244	16,318
Income tax expense	684	2,294
NET INCOME	$ 5,560	$ 14,024
Net income per share:
Basic	$ 0.91	$ 2.35
Diluted	0.91	2.35
Dividends per share	$ 1.12	$ 1.12

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net Income	$ 5,560	$ 14,024
Other comprehensive loss:
Unrealized net holding gains (losses) on debt securities available-for-sale arising during the period, net of income tax expense (benefit)	3,563	(37,720)
Less reclassification adjustment for net (gains) losses included in net income, net of income tax benefit (expense)	(78)	574
Fair value adjustment on derivatives	(3,572)
Total other comprehensive loss	(87)	(37,146)
Total Comprehensive Income (Loss)	$ 5,473	$ (23,122)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Other Comprehensive loss, Unrealized Holding gain (loss) on Securities Arising During Period, Tax	$ 947	$ (10,027)
Other Comprehensive loss, Reclassification Adjustment from AOCI for Sale of Securities, Tax	(21)	153
Other Comprehensive Income (Loss), Fair value adjustment on derivatives	$ (950)	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Surplus	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Treasury Stock	Cumulative Effect, Period of Adoption, Adjustment	Total
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				14,024				14,024
Other comprehensive loss, net of taxes					(37,146)			(37,146)
Issuance of common stock under dividend reinvestment plan	$ 144	1,499						1,643
Issuance of common stock under dividend reinvestment plan (in shares)	71,928
Dividends				(6,690)				(6,690)
Balance at Dec. 31, 2022	$ 12,502	42,439	$ 768	100,712	(29,558)	(5,709)	$ 768	120,386
Balance (in shares) at Dec. 31, 2022	6,250,763
Net Income				5,560				5,560
Other comprehensive loss, net of taxes					(87)			(87)
Issuance of common stock under dividend reinvestment plan	$ 203	1,565						1,768
Issuance of common stock under dividend reinvestment plan (in shares)	101,902
Dividends				(6,780)				(6,780)
Balance at Dec. 31, 2023	$ 12,705	$ 44,004		$ 100,260	$ (29,645)	$ (5,709)		$ 121,615
Balance (in shares) at Dec. 31, 2023	6,352,665

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 1.12	$ 1.12

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,560,000	$ 14,024,000
Adjustments to reconcile net income to net cash provided by operating activities:
Credit for credit losses on loans	(217,000)	(264,000)
Credit for credit losses on unfunded commitments	(49,000)	(108,000)
Depreciation and amortization	798,000	1,056,000
Net premium amortization on securities	1,519,000	3,008,000
Deferred income tax expense	253,000	114,000
Common stock issued	1,754,000	1,635,000
Net (gains) losses on sales of mortgage loans	(65,000)	7,000
Proceeds from sales of mortgage loans originated for sale	2,509,000	5,678,000
Originations of mortgage loans originated for sale	(2,586,000)	(7,846,000)
Net securities losses	118,000	846,000
Increase in accrued interest receivable	(810,000)	(30,000)
Increase in cash surrender value of bank owned life insurance	(621,000)	(597,000)
Net losses on disposals of premises and equipment	19,000	16,000
Decrease (increase) in other assets	661,000	(342,000)
Amortization of investment in low-income housing partnerships	231,000	225,000
Increase in accrued interest payable	2,260,000	312,000
(Decrease) increase in other liabilities	(5,429,000)	429,000
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,905,000	18,163,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of equity securities and debt securities available-for-sale	23,230,000	58,845,000
Proceeds from maturities and redemptions of debt securities available-for-sale	41,700,000	51,943,000
Purchases of debt securities available-for-sale	(81,463,000)	(91,493,000)
Net decrease in time deposits with other banks	0	247,000
Net change in restricted investment in bank stocks	(3,749,000)	(5,217,000)
Net increase in loans	(52,480,000)	(103,609,000)
Purchase of premises and equipment	(1,656,000)	(1,892,000)
Purchase of investment in real estate venture	(2,415,000)	(2,458,000)
NET CASH USED IN INVESTING ACTIVITIES	(76,833,000)	(93,634,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net decrease in deposits	(13,060,000)	(84,470,000)
Net increase in short-term borrowings	50,000	126,041,000
Repayment of finance lease obligations	(7,000)	(10,000)
Proceeds from long-term borrowings	100,000,000	0
Repayment of long-term borrowings	(3,000,000)	(10,000,000)
Dividends paid	(6,780,000)	(6,690,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES	77,203,000	24,871,000
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	6,275,000	(50,600,000)
CASH AND CASH EQUIVALENTS, BEGINNING	10,738,000	61,338,000
CASH AND CASH EQUIVALENTS, ENDING	17,013,000	10,738,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	25,612,000	8,601,000
Income taxes paid	318,000	2,289,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES
Purchased securities settling after year-end	0	5,434,000
Loans transferred from held for sale to held for investment portfolio	0	(7,900,000)
Common stock subscription receivable	14,000	8,000
Right-of-use assets obtained in exchange for lease liabilities	$ 33,000	$ 598,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accounting policies of First Keystone Corporation and Subsidiary (the “Corporation”) are in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and conform to common practices within the banking industry. The significant accounting policies follow: Principles of Consolidation The consolidated financial statements include the accounts of First Keystone Corporation and its wholly-owned subsidiary, First Keystone Community Bank (the “Bank”). All significant inter-company balances and transactions have been eliminated in consolidation. Nature of Operations The Corporation, headquartered in Berwick, Pennsylvania, provides a full range of banking, trust and related services through its wholly-owned Bank subsidiary and is subject to competition from other financial institutions in connection with these services. The Bank serves a customer base which includes individuals, businesses, governments, and public and institutional customers primarily located in the Northeast Region of Pennsylvania. The Bank has 19 full service offices and 20 Automated Teller Machines (“ATM”) located in Columbia, Luzerne, Montour, Monroe, and Northampton counties. The Corporation must also adhere to certain federal and state banking laws and regulations and are subject to periodic examinations made by various state and federal agencies. Segment Reporting The Bank acts as an independent community financial services provider, and offers traditional banking and related financial services to individual, business, government, and public and institutional customers. Through its branch and ATM network, as well as online banking, the Bank offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. The Bank also performs personal, corporate, pension and fiduciary services through its trust department. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial, retail, trust and mortgage banking operations of the Corporation. As such, discrete financial information is not available and segment reporting would not be meaningful. Significant Concentrations of Credit Risk The majority of the Corporation’s activities involve customers located primarily in Columbia, Luzerne, Montour, Monroe, Northampton, and Lehigh counties in Pennsylvania. The types of securities in which the Corporation invests are presented in Note 2 – Securities. Credit risk as it relates to investment activities is moderated through the monitoring of ratings, geographic concentrations, etc. residing in the portfolio and the observance of minimum rating levels in the investment policy. Note 3 – Loans and Allowance for Credit Losses summarizes the types of lending in which the Corporation engages. The inherent risks associated with lending activities are mitigated by adhering to established underwriting practices and policies, as well as portfolio diversification and thorough monitoring of the loan portfolio. It is management’s opinion that the investment and loan portfolios were well balanced at December 31, 2023, to the extent necessary to avoid any significant concentrations of credit risk. Use of Estimates The preparation of these consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of these consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include the determination of allowance for securities losses, the assessment of possible impairment of equity securities, the determination of the allowance for credit losses, the assessment of goodwill for possible impairment, and the valuation of deferred taxes. Subsequent Events The Corporation has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of December 31, 2023, for items that should potentially be recognized or disclosed in the consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. On February 27, 2024, the Board of Directors declared a dividend of $0.28 per share for the first quarter of 2024. The dividend is payable on March 28, 2024 to shareholders of record as of March 14, 2024. Cash and Cash Equivalents For purposes of reporting consolidated cash flows, cash and cash equivalents include cash on hand and due from banks, interest-bearing deposits in other banks, and federal funds sold. The Corporation considers cash classified as interest-bearing deposits with other banks as a cash equivalent since they are represented by cash accounts essentially on a demand basis and mature within one year. Federal funds are also included as a cash equivalent because they are generally purchased and sold for one-day periods. Debt Securities The Corporation classifies its debt securities as either “Held-to-Maturity” or “Available-for-Sale” at the time of purchase. Debt securities are accounted for on a trade date basis. Debt securities are classified as Held-to-Maturity when the Corporation has the ability and positive intent to hold the securities to maturity. Debt securities classified as Held-to-Maturity are carried at cost adjusted for amortization of premium and accretion of discount to maturity. At December 31, 2023 and 2022, all debt securities held were classified as available-for-sale. 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 (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. 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 on securities. Realized gains and losses are included in net securities gains and losses in the consolidated statements of income. The cost of securities sold, redeemed or matured is based on the specific identification method. The Corporation 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 private (non-agency) student loan pools backed by the Federal Family Education Loan Program (“FFELP”) which carry a 97% federal government guarantee. Corporate debt securities consist of senior debt and subordinated debt holdings. Available-for-sale debt securities are required to be individually evaluated for impairment in accordance with ASC 326, Financial Instruments – Credit Losses. Management evaluates debt securities for impairment where there has been a decline in fair value below the amortized cost basis of a debt security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby Management compares the present value of expected cash flows with the amortized cost basis of the debt security. The credit loss component would be recognized through the provision for credit losses and the creation of an allowance for credit losses. Consideration is given to (1) the financial condition and near-term prospects of the issuer, (2) the outlook for receiving the contractual cash flows of the investments, (3) the length of time and the extent to which the fair value has been less than cost, (4) our intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or whether it is more-likely-than-not that we will be required to sell the debt security prior to recovering its fair value, (5) the anticipated outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values. In analyzing an issuer’s financial condition, management considers whether the debt securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition, and the issuer’s anticipated ability to pay the contractual cash flows of the debt securities. All issues of U.S. Treasury and Agency-Backed debt securities have the full faith and credit backing of the United States Government or one of its agencies. All other debt securities that do not have a zero expected credit loss are evaluated quarterly to determine whether there is a credit loss associated with a decline in fair value. Equity Securities In accordance with ASC 825-10, 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. Management evaluates equity securities for impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Equity securities without readily determinable fair values are generally evaluated for impairment under FASB ASC 321, Equity Securities. In determining impairment under the FASB ASC 321 model, management considers many factors, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the entity has the intent to sell the equity security or more likely than not will be required to sell the equity security before its anticipated recovery. The assessment of whether an impairment exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. If an impairment loss on an equity security is considered to exist, a loss in the amount of the difference between the cost and fair value of the security is recognized. Once the impairment is recorded, this becomes the new cost basis of the equity security and cannot be adjusted upward if there is a subsequent recovery in the fair value of the security. Restricted Investment in Bank Stocks The Corporation owns restricted stock investments in the Federal Home Loan Bank of Pittsburgh (“FHLB-Pittsburgh”) and Atlantic Community Bankers Bank (“ACBB”). These investments do not have a readily determinable fair value because their ownership is restricted and they can be sold back only to the FHLB-Pittsburgh, ACBB or to another member institution. Therefore, these investments are carried at cost. At December 31, 2023, the Corporation held $10,850,000 in stock of FHLB-Pittsburgh and $35,000 in stock of ACBB. At December 31, 2022, the Corporation held $7,101,000 in stock of FHLB-Pittsburgh and $35,000 in stock of ACBB. Management evaluates the restricted investment in bank stocks for impairment on a quarterly basis. Management’s determination of whether these investments are impaired is based on management’s assessment of the ultimate recoverability of the cost of these investments rather than by recognizing temporary declines in value. The following factors were evaluated to determine the ultimate recoverability of the cost of the Corporation’s restricted investment in bank stocks; (i) the significance of the decline in net assets of the correspondent bank as compared to the capital stock amount for the correspondent bank and the length of time this situation has persisted; (ii) commitments by the correspondent bank to make payments required by law or regulation and the level of such payments in relation to the operating performance of the correspondent bank; (iii) the impact of legislative and regulatory changes on the institutions and, accordingly, on the customer base of the correspondent bank; and (iv) the liquidity position of the correspondent bank. Based on the analysis of these factors, management determined that no impairment charge was necessary related to the restricted investment in bank stocks during 2023 or 2022. Loans Net loans are stated at their outstanding recorded investment, net of deferred fees and costs, unearned income The loans receivable portfolio is segmented into the following segments: Real Estate (including both Real Estate Lending The Corporation engages in real estate lending to commercial borrowers in its primary market area and surrounding areas. The commercial component of the Corporation’s Real Estate portfolio is secured primarily by commercial retail space, commercial office buildings, residential housing and hotels. Generally, these loans have terms that do not exceed twenty years , have loan-to-value ratios of up to eighty percent of the value of the collateral property, and are typically supported by personal guarantees of the borrowers. In underwriting these loans, the Corporation performs a thorough analysis of the financial condition of the Real estate loans secured by commercial properties generally present a higher level of risk than loans secured by residential real estate. Repayment of loans secured by commercial real estate is typically dependent upon the The residential component of the Corporation’s 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 Corporation’s marketing efforts, its present customers, walk-in customers and referrals. These loans are originated primarily with customers from the Corporation’s market area. The Corporation’s one-to-four family residential mortgage originations are secured principally by properties located in its primary market area and surrounding areas. The Corporation 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 ​ typically have a maximum loan-to-value of eighty percent and a maximum term of fifteen years. In general, home equity In underwriting one-to-four family residential mortgage loans, the Corporation 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. Residential mortgage loans, home equity term loans and home equity lines of credit generally present a lower 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 $214,000 and $71,000 at December 31, 2023 and 2022, respectively. Agricultural Lending The Corporation originates agricultural loans to individuals in the farming industry for funding the production of crops or to purchase or refinance capital assets such as farmland, livestock, machinery, equipment, and farm real estate improvements. Agricultural loans are typical secured by collateral related to the farming activities. These loans originate from customers within the Corporation’s primary market area or the surrounding areas. In underwriting agricultural loans, an analysis is performed regarding the borrower’s ability to repay the loan, Commercial and Industrial Lending The Corporation 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, 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 Corporation’s analysis of the borrower’s ability to repay. ​ 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 Corporation 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 December 31, 2023, the Company's balance of GGLs was $4,470,000 , compared to $4,631,000 at December 31, 2022. Consumer Lending The Corporation 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 with customers from the Corporation’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. State and Political Subdivisions Lending The Corporation, from time to time, may originate loans to state and political subdivisions that are within the Corporation’s primary market area or surrounding areas. These loans may be either taxable or tax-free. These loans may be issued for the purpose of land improvement, infrastructure changes, bond refinances, or the purchase of equipment. State and political loans are typically secured by the taxing power of the borrowing entity. In some cases, the loans may also be secured by the property/item being purchased. Audited financial statements are required as part of the underwriting for all state and political loans and a full analysis of all components of the audited statements is performed. If the loan is to be classified as tax-free, a letter from the entity’s solicitor stating such is required, as well. The risk associated with these types of loans is considerably less than commercial loan transactions. Repayment is based on the full faith, credit, and ability of the borrowing entity to tax and then collect the payments. Delinquency or loss on these types of loans is de minimus. Delinquent Loans Generally, a loan is considered to be past-due when scheduled loan payments are in arrears 10 days or more. 15 days 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 loans and real estate loans issued for commercial purpose 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 Real estate loans issued for residential purposes 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. Existing loans in which the borrower has declared bankruptcy are considered on a case by case basis to Generally, a loan is classified as non-accrual and the accrual of interest on such a loan is discontinued when the Allowance for Credit Losses The allowance for credit losses (“ACL”) is an estimate of losses arising from borrowers’ inability to make loan payments as required, which is calculated via a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. The Corporation completed a one-time adjustment to The ACL is maintained at a level estimated by management to be adequate to absorb potential loan losses. Modeling of the ACL uses sophisticated statistical techniques to arrive at reasonable and supportable forecasts of expected losses. The Corporation has contracted with a third-party vendor to assist in developing models for the ACL related to the Corporation’s loan portfolio under Accounting Standards Update (“ASU”) 2016-13. The Corporation has opted to utilize the Weighted Average Remaining Maturity (“WARM”) method to calculate the ACL which uses an average annual charge-off rate. This average annual charge-off rate contains loss content over several vintages and is used as a foundation for estimating the credit loss content for loans by segmented pools at the balance sheet date and is used to determine a historical charge-off rate. When estimating expected credit losses, the Corporation considers forward-looking information that is both reasonable, supportable, and relevant to assessing the collectability of cash flows. Reasonable and supportable forecasts may extend over the entire contractual term of a loan or a period shorter than the contractual term. Reasonable and supportable forecasts may vary by portfolio segment or individual forecast input. These forecasts may include data from internal sources, external sources, or a combination of both. When the contractual term of a loan extends beyond the reasonable and supportable period, ASC Topic 326 The methodology used to determine the ACL also includes a qualitative component in which the Corporation adjusts expected credit loss estimates for information not already captured in the loss estimation process. These qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Changes in the The Corporation’s ACL is calculated by collectively evaluating and individually evaluating loans. The Corporation collectively evaluates applicable loans based on segments according to their homogeneous characteristics, aligned with the segmentation of the FDIC Bank Call Report. The Corporation collectively evaluates loans and determines applicable loss rates based on the following segments/classes: Real Estate ● Construction, land development, and other land loans ● Residential construction (loans to build homes, both speculative and owner-occupied, and 1-4 ● family lot loans) ● Agribusiness, farmland, or secured by farmland ● Revolving, open-end, 1-4 family residential properties (and extended under lines of credit) ● Loans secured by first liens ● Loans secured by junior liens ● Secured by multifamily (5 or more) residential properties ● Loans secured by owner occupied, non-farm, non-residential properties ● Loans secured by other non-farm, non-residential properties ​ Agricultural ● Loans to finance agricultural production and other loans for farmers Commercial and Industrial ● Commercial and industrial loans Consumer ● Other revolving credit plans ● Automobile loans ● Other consumer loans State and Political Subdivisions ● Obligations (other than securities or leases) of states and political subdivisions in the U.S. In accordance with ASC 326-20-30-2, the Corporation will evaluate individual loans for expected credit losses when the loans do not share similar risk characteristics with loans evaluated using the collective method. Management ● The present value of expected cash flows, discounted at the loan’s effective interest rate (i.e. the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at the origination or acquisition of the loan) ● The loan’s observable market price ● The fair value of the collateral if the loan is deemed to be collateral dependent. A loan is collateral dependent if the repayment of the loan is expected to be provided solely by the liquidation of the underlying collateral and there are no other available and reliable sources of repayment. Management will consider estimated costs to sell, on a discounted basis, in the measurement of impairment if these costs are expected to reduce the cash flows available to repay the loan. Any portion of the recorded investment for a collateral dependent loan (including any capitalized accrued interest, net deferred loan fees or costs, and unamortized premium or discount) exceeding the fair value of the collateral that can be identified as uncollectible is deemed a confirmed loss and will be charged off against the ACL ​ Loans that have been individually measured for impairment may have a portion of the allowance allocated to ASU 2022-02, Loan Modifications Experiencing Financial Difficulty, eliminated the accounting guidance for losses. Any modifications of loans to borrowers experiencing financial difficulty that are classified as non-accrual or are otherwise designated as collateral dependent are individually evaluated for determination of expected credit losses. The most common types of concessions granted upon modification of a loan to a borrower experiencing financial difficulties include: (a) a reduction in the interest rate for the remaining life of the debt, (b) an extension of the There may be certain types of loans for which the expectation of credit loss is zero after evaluating historical loss information, making necessary adjustments for current conditions and reasonable and supportable forecasts, and A loan that is fully secured by cash or cash equivalents, such as a certificate of deposit issued by the lending institution, would likely have zero credit loss expectations. Similarly, the guaranteed portion of an SBA loan purchased on the secondary market through the SBA’s fiscal and transfer agent would likely have zero credit loss expectations because these financial assets are unconditionally guaranteed by the U.S. government. ASC Topic 326 introduces the concept of purchased credit deteriorated (“PCD”) assets. PCD assets are acquired financial assets that, at acquisition, have experienced more-than-insignificant deterioration in credit quality A reserve for unfunded lending commitments is provided for possible credit losses on off-balance sheet credit exposures. Off-balance sheet credit exposures primarily include undrawn portions of revolving lines of credit and The Corporation made a policy election to exclude accrued interest receivable from the amortized cost basis of The Corporation is subject to periodic examination by its federal and state examiners, and may be required by The Corporation 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 loans. An asset quality rating is assigned using the guidance provided in the 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 loan grading system for residential real estate secured 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, At the low-risk end of the rating scale, a risk grade of 1 – Minimal Risk is the grade reserved for loans with 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 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 These loans are characterized by the distinct possibility that the Corporation will sustain some loss if the ​ ​ 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, Premises and Equipment, net Premises and equipment are stated at cost less accumulated depreciation computed principally utilizing the straight-line method over the estimated useful lives of the assets. Long-lived assets are reviewed for impairment whenever events or changes in business circumstances indicate that the carrying value may not be recovered. Maintenance and minor repairs are charged to operations as incurred. The cost and accumulated depreciation of the premises and equipment retired or sold are eliminated from the property accounts at the time of retirement or sale, and the resul

SECURITIES

SECURITIES	12 Months Ended
	Dec. 31, 2023
SECURITIES
SECURITIES	NOTE 2 — SECURITIES Debt Securities There was no allowance for credit losses for Available-For-Sale debt securities as of December 31, 2023; therefore, it is not present in the table below. The amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale were as follows at December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2023: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,881 ​ $ — ​ $ (840) ​ $ 7,041 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 152,510 ​ ​ — ​ ​ (14,518) ​ ​ 137,992 Other ​ 7,560 ​ 126 ​ (54) ​ 7,632 Other mortgage backed securities ​ 36,623 ​ 168 ​ (2,741) ​ 34,050 Obligations of state and political subdivisions ​ 97,899 ​ 18 ​ (10,214) ​ 87,703 Asset-backed securities ​ 82,852 ​ 150 ​ (840) ​ 82,162 Corporate debt securities ​ 40,647 ​ 74 ​ (4,333) ​ 36,388 Total ​ $ 425,972 ​ $ 536 ​ $ (33,540) ​ $ 392,968 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2022: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,853 ​ $ — ​ $ (1,052) ​ $ 6,801 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 146,707 ​ ​ — ​ ​ (15,032) ​ ​ 131,675 Other ​ 10,992 ​ 233 ​ (45) ​ 11,180 Other mortgage backed securities ​ 36,767 ​ — ​ (3,079) ​ 33,688 Obligations of state and political subdivisions ​ 125,176 ​ 266 ​ (14,753) ​ 110,689 Asset-backed securities ​ 37,526 ​ — ​ (1,108) ​ 36,418 Corporate debt securities ​ 45,838 ​ 183 ​ (3,028) ​ 42,993 Total ​ $ 410,859 ​ $ 682 ​ $ (38,097) ​ $ 373,444 ​ Debt securities available-for-sale with an aggregate fair value of $249,114,000 at December 31, 2023 and $315,836,000 at December 31, 2022, were pledged to secure public funds, trust funds, securities sold under agreements to repurchase and the Federal Discount Window aggregating $182,050,000 at December 31, 2023 and $241,385,000 at December 31, 2022. The amortized cost and fair value of securities, by contractual maturity, are shown below at December 31, 2023. 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. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Available-for-Sale ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value 1 year or less ​ $ 9,283 ​ $ 9,282 Over 1 year through 5 years ​ 27,963 ​ 26,457 Over 5 years through 10 years ​ 66,364 ​ 58,915 Over 10 years ​ 133,230 ​ 126,272 Mortgage-backed securities ​ 189,132 ​ 172,042 Total ​ $ 425,972 ​ $ 392,968 ​ At December 31, 2023 and 2022, the Corporation had holdings of securities from the following issuers in excess of ten percent of consolidated stockholders’ equity (excluding holdings of the U.S. Government and U.S. Government Agencies and Corporations). ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ Fair December 31, 2023: ​ Value Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 25,737 ​ Nelnet Student Loan Trust ​ 15,486 ​ Navient Student Loan Trust ​ ​ 13,179 ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ Fair ​ December 31, 2022: ​ Value ​ Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 17,362 ​ ​ Proceeds from sales of investments in debt securities available-for-sale during 2023 and 2022 were $23,230,000 and $58,675,000 respectively. Gross gains realized on these sales were $447,000 and $221,000 respectively. Gross losses on these sales were $348,000 and $974,000 respectively. The summary below shows the gross unrealized losses and fair value of the Corporation’s debt securities, aggregated by investment category, of which individual securities have been in a continuous unrealized loss position for less than 12 months or 12 months or more as of December 31, 2023 and 2022: ​ December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ $ — ​ $ — ​ $ 7,041 ​ $ (840) ​ $ 7,041 ​ $ (840) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 23,103 ​ ​ (242) ​ ​ 102,608 ​ ​ (14,276) ​ ​ 125,711 ​ ​ (14,518) Other ​ — ​ ​ — ​ ​ 3,029 ​ ​ (54) ​ 3,029 ​ (54) Other mortgage-backed debt securities ​ 1,568 ​ ​ (1) ​ ​ 25,042 ​ ​ (2,740) ​ 26,610 ​ (2,741) Obligations of state and political subdivisions ​ — ​ ​ — ​ ​ 82,113 ​ ​ (10,214) ​ 82,113 ​ (10,214) Asset-backed securities ​ 52,862 ​ ​ (342) ​ ​ 12,726 ​ ​ (498) ​ 65,588 ​ (840) Corporate debt securities ​ 2,813 ​ ​ (270) ​ ​ 30,501 ​ ​ (4,063) ​ 33,314 ​ (4,333) Total ​ $ 80,346 ​ $ (855) ​ $ 263,060 ​ $ (32,685) ​ $ 343,406 ​ $ (33,540) ​ December 31, 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 ​ $ — ​ $ — ​ $ 6,801 ​ $ (1,052) ​ $ 6,801 ​ $ (1,052) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 61,067 ​ ​ (2,184) ​ ​ 65,174 ​ ​ (12,848) ​ ​ 126,241 ​ ​ (15,032) Other ​ 1,589 ​ ​ (2) ​ ​ 3,168 ​ ​ (43) ​ 4,757 ​ (45) Other mortgage-backed debt securities ​ 16,167 ​ ​ (962) ​ ​ 17,521 ​ ​ (2,117) ​ 33,688 ​ (3,079) Obligations of state and political subdivisions ​ 56,565 ​ ​ (5,881) ​ ​ 35,704 ​ ​ (8,872) ​ 92,269 ​ (14,753) Asset-backed securities ​ 24,136 ​ ​ (405) ​ ​ 12,282 ​ ​ (703) ​ 36,418 ​ (1,108) Corporate debt securities ​ 15,827 ​ ​ (1,073) ​ ​ 18,345 ​ ​ (1,955) ​ 34,172 ​ (3,028) Total ​ $ 175,351 ​ $ (10,507) ​ $ 158,995 ​ $ (27,590) ​ $ 334,346 ​ $ (38,097) ​ There were 177 individual debt securities in an unrealized loss position as of December 31, 2023, with a combined decline in value representing 7.75% of the debt securities portfolio. There were 183 individual debt securities in an unrealized loss position as of December 31, 2022, with their combined decline in value representing 9.11% of the debt securities portfolio. ​ The Corporation made a policy election to exclude accrued interest receivable from the amortized cost basis of debt securities available for sale. Accrued interest receivable on debt securities available for sale is reported as a component of accrued interest receivable on the Corporation’s consolidated balance sheet and totaled $2,487,000 as of December 31, 2023. Accrued interest receivable on debt securities available for sale is excluded from the estimate of credit losses. ​ All debt securities available for sale in an unrealized loss position, as of December 31, 2023, continue to perform as scheduled and we do not believe that there is a credit loss or that a provision for credit losses is necessary. Also, as part of our evaluation of our intent and ability to hold debt securities for a period of time sufficient to allow for any anticipated recovery in the market, we consider our investment strategies, cash flow needs, liquidity position, capital adequacy and interest rate risk position. We do not currently intend to sell the debt securities within the portfolio and it is not more-likely-than-not that we will be required to sell the debt securities. Management continues to monitor all of our debt securities with a high degree of scrutiny. There can be no assurance that we will not conclude in future periods that conditions existing at that time indicate some or all of its debt securities may be sold or would require a charge to earnings as a provision for credit losses in such periods. ​ Equity Securities ​ At December 31, 2023 and 2022, the Corporation had $1,482,000 and $1,699,000, respectively, in equity securities recorded at fair value. The following is a summary of unrealized and realized gains and losses recognized in net income on equity securities during 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 Net losses from market value fluctuations recognized during the period on equity securities ​ $ (217) ​ $ (93) Less: Net gains recognized during the period on equity securities sold during the period ​ — ​ 27 Net losses recognized during the reporting period on equity securities still held at the reporting date ​ $ (217) ​ $ (120) ​ The Corporation monitors the equity securities 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 equity securities to be impaired at December 31, 2023 or 2022.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	12 Months Ended
	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 3 — LOANS AND ALLOWANCE FOR CREDIT LOSSES The following table presents the classes of the loan portfolio summarized by risk rating and year of origination and gross charge offs by loan portfolio summarized by year of origination as of December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 110,819 $ 186,729 $ 132,724 $ 110,038 $ 54,543 $ 192,686 $ 787,539 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ 86 ​ 587 ​ 3,661 ​ 9,452 ​ 9,598 ​ 23,384 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 130 ​ 176 ​ 153 ​ 116 ​ (13) ​ 8 ​ 570 Total Real Estate Loans $ 110,949 $ 186,991 $ 133,464 $ 113,815 $ 63,982 $ 202,292 $ 811,493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agricultural: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ — $ 59 $ — $ — $ — $ 611 $ 670 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ — ​ 1 ​ — ​ — ​ — ​ — ​ 1 Total Agricultural Loans $ — $ 60 $ — $ — $ — $ 611 $ 671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 12,672 $ 10,186 $ 5,776 $ 7,439 $ 6,833 $ 22,927 $ 65,833 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ 650 ​ 650 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 95 ​ 83 ​ 24 ​ 17 ​ 208 ​ (1) ​ 426 Total Commercial and Industrial Loans $ 12,767 $ 10,269 $ 5,800 $ 7,456 $ 7,041 $ 23,576 $ 66,909 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 2,415 $ 1,238 $ 926 $ 206 $ 110 $ 802 $ 5,697 7 Special Mention ​ 58 ​ — ​ — ​ — ​ — ​ — ​ 58 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 38 ​ 20 ​ 8 ​ 2 ​ 1 ​ — ​ 69 Total Consumer Loans $ 2,511 $ 1,258 $ 934 $ 208 $ 111 $ 802 $ 5,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Political Subdivisions: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 731 $ 4,095 $ 14,139 $ 1,905 $ — $ 5,303 $ 26,173 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 2 ​ 1 ​ 4 ​ 1 ​ — ​ — ​ 8 Total State and Political Subdivision Loans $ 733 $ 4,096 $ 14,143 $ 1,906 $ — $ 5,303 $ 26,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 126,637 $ 202,307 $ 153,565 $ 119,588 $ 61,486 $ 222,329 $ 885,912 7 Special Mention ​ 58 ​ — ​ — ​ — ​ — ​ — ​ 58 8 Substandard ​ — ​ 86 ​ 587 ​ 3,661 ​ 9,452 ​ 10,248 ​ 24,034 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 265 ​ 281 ​ 189 ​ 136 ​ 196 ​ 7 ​ 1,074 Total Loans $ 126,960 $ 202,674 $ 154,341 $ 123,385 $ 71,134 $ 232,584 $ 911,078 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total Gross Charge Offs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate $ — $ — $ — $ — $ — $ — $ — Agricultural ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial and Industrial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ 2 ​ 23 ​ 13 ​ 2 ​ 4 ​ 13 ​ 57 State and Political Subdivisions ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Gross Charge Offs $ 2 $ 23 $ 13 $ 2 $ 4 $ 13 $ 57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Political Subdivision loans include loans categorized as tax-free in the amount of $26,181,000 as of December 31, 2023. Commercial and Industrial loans include $4,470,000 of GGLs as of December 31, 2023. Loans held for sale are included in the Real Estate loans category and carried a balance of $214,000 as of December 31, 2023. The activity in the allowance for credit losses by loan class (post adoption of ASU No. 2016-13), is summarized below for the year ended December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ State and ​ ​ ​ Real ​ ​ ​ Commercial ​ ​ ​ Political ​ ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the year ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2022 $ 7,483 ​ $ 6 ​ $ 504 ​ $ 84 ​ $ 197 ​ $ 8,274 CECL adoption adjustment ​ (717) ​ ​ (4) ​ ​ (261) ​ ​ 11 ​ ​ (148) ​ ​ (1,119) Beginning balance January 1, 2023 ​ 6,766 ​ ​ 2 ​ ​ 243 ​ ​ 95 ​ ​ 49 ​ ​ 7,155 Charge-offs — ​ — ​ — ​ (57) ​ — ​ (57) Recoveries 37 ​ — ​ 2 ​ 5 ​ — ​ 44 (Credit) Provision (264) ​ (1) ​ 20 ​ 35 ​ (7) ​ (217) Ending Balance $ 6,539 ​ $ 1 ​ $ 265 ​ $ 78 ​ $ 42 ​ $ 6,925 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 6,539 ​ $ 1 ​ $ 265 ​ $ 78 ​ $ 42 ​ $ 6,925 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserve for Unfunded Lending Commitments $ 140 ​ $ — ​ $ 25 ​ $ — ​ $ 1 ​ $ 166 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 811,493 ​ $ 671 ​ $ 66,909 ​ $ 5,824 ​ $ 26,181 ​ $ 911,078 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 4,005 ​ $ 309 ​ $ 611 ​ $ — ​ $ — ​ $ 4,925 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 807,488 ​ $ 362 ​ $ 66,298 ​ $ 5,824 ​ $ 26,181 ​ $ 906,153 ​ ​ The Corporation’s activity in the allowance for credit losses on unfunded commitments for the year ended December 31, 2023 was as follows: ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ 2023 Balance at December 31, 2022 ​ $ 68 CECL adoption adjustment ​ ​ 147 Credit for credit losses on unfunded commitments ​ ​ (49) Balance at December 31, 2023 $ 166 ​ ​ ​ ​ ​ The recorded investment, unpaid principal balance, and the related allowance of the Corporation’s individually evaluated loans are summarized below at December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Unpaid ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ ​ Principal ​ Principal ​ Total ​ ​ ​ ​ ​ With ​ With No ​ Total ​ ​ Balance With ​ Balance With ​ Unpaid ​ ​ ​ ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ No Related ​ Principal ​ ​ Related ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Balance ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ — ​ $ 4,005 ​ $ 4,005 ​ ​ $ — ​ $ 5,994 ​ $ 5,994 ​ ​ $ — Agricultural ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — Total ​ $ — ​ $ 4,925 ​ $ 4,925 ​ ​ $ — ​ $ 6,914 ​ $ 6,914 ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The recorded investment represents the loan balance reflected on the consolidated balance sheets net of any charge-offs. The unpaid balance is equal to the gross amount due on the loan. The average recorded investment and interest income recognized for the Corporation’s individually evaluated loans are summarized below for the years ended December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2023 ​ ​ Average ​ Average ​ ​ ​ ​ Interest ​ Interest ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Income ​ Income ​ ​ ​ ​ ​ Investment ​ Investment ​ Total ​ ​ Recognized ​ Recognized ​ Total ​ ​ With ​ With No ​ Average ​ ​ With ​ With No ​ Interest ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ Related ​ Income ​ ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ — ​ $ 4,380 ​ $ 4,380 ​ ​ $ — ​ $ — ​ $ — ​ Agricultural ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — ​ ​ 24 ​ ​ 24 ​ Commercial and Industrial ​ ​ — ​ ​ 643 ​ ​ 643 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 5,332 ​ $ 5,332 ​ ​ $ — ​ $ 24 ​ $ 24 ​ Of the $24,000 in interest income recognized on individually evaluated loans for the year ended December 31, 2023, $0 in interest income was recognized with respect to non-accrual loans. ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ Real Estate Other Real Estate ​ $ 4,005 ​ $ — Agricultural ​ ​ — ​ ​ 309 Commercial and Industrial ​ ​ — ​ ​ 611 Total ​ $ 4,005 ​ $ 920 ​ Total non-performing assets (which includes loans receivable on non-accrual status, foreclosed assets held for resale and loans past-due 90 days or more and still accruing interest) as of December 31, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 2022 Real Estate ​ $ 4,005 ​ $ 4,387 Agricultural ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 611 ​ ​ 664 Consumer ​ — ​ ​ — State and Political Subdivisions ​ — ​ — Total non-accrual loans ​ 4,616 ​ 5,051 Foreclosed assets held for resale ​ — ​ — Loans past-due 90 days or more and still accruing interest ​ 1,065 ​ 308 Total non-performing assets ​ $ 5,681 ​ $ 5,359 ​ If interest on non-accrual loans had been accrued at original contract rates, interest income would have increased by $2,488,000 in 2023 and $2,174,000 in 2022. There were no foreclosed assets held for resale at December 31, 2023 or December 31, 2022. Consumer mortgage loans secured by residential real estate for which the Corporation has entered into formal foreclosure proceedings but for which physical possession of the property has yet to be obtained amounted to $138,000 at December 31, 2023 and $41,000 at December 31, 2022. These balances were not included in foreclosed assets held for resale at December 31, 2023 or December 31, 2022. The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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, 2023: ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ 2,155 ​ $ 379 ​ $ 5,069 ​ $ 7,603 ​ $ 803,890 ​ $ 811,493 ​ $ 1,065 Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 671 ​ ​ 671 ​ ​ — Commercial and Industrial ​ ​ 6 ​ ​ — ​ ​ 591 ​ ​ 597 ​ ​ 66,312 ​ ​ 66,909 ​ ​ — Consumer ​ 21 ​ 4 ​ — ​ 25 ​ 5,799 ​ 5,824 ​ — State and Political Subdivisions ​ — ​ — ​ — ​ — ​ 26,181 ​ 26,181 ​ — Total ​ $ 2,182 ​ $ 383 ​ $ 5,660 ​ $ 8,225 ​ $ 902,853 ​ $ 911,078 ​ $ 1,065 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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, 2022: ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ 2,682 ​ $ 59 ​ $ 4,694 ​ $ 7,435 ​ $ 757,445 ​ $ 764,880 ​ $ 308 Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 860 ​ ​ 860 ​ ​ — Commercial and Industrial ​ ​ 61 ​ ​ 63 ​ ​ 640 ​ ​ 764 ​ ​ 55,313 ​ ​ 56,077 ​ ​ — Consumer ​ 11 ​ 2 ​ — ​ 13 ​ 5,694 ​ 5,707 ​ — State and Political Subdivisions ​ — ​ — ​ — ​ — ​ 30,945 ​ 30,945 ​ — Total ​ $ 2,754 ​ $ 124 ​ $ 5,334 ​ $ 8,212 ​ $ 850,257 ​ $ 858,469 ​ $ 308 ​ ​ ​ Pre-ASU No. 2016-13 Disclosures: ​ ​ ​ The following table presents the classes of the loan portfolio summarized by risk rating as of December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ Commercial Real Estate ​ ​ December 31, ​ December 31, ​ ​ 2022 2022 Grade: ​ ​ 1-6 Pass ​ $ 85,845 ​ $ 591,309 7 Special Mention ​ — ​ 634 8 Substandard ​ 725 ​ 18,781 9 Doubtful ​ — ​ — Add (deduct): Unearned discount ​ — ​ — Net deferred loan fees and costs ​ 429 ​ 825 Total loans ​ $ 86,999 ​ $ 611,549 ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate Including Home Equity ​ Consumer ​ ​ December 31, ​ December 31, ​ ​ 2022 2022 Grade: ​ ​ 1-6 Pass ​ $ 153,902 ​ $ 5,349 7 Special Mention ​ — ​ — 8 Substandard ​ 795 ​ — 9 Doubtful ​ — ​ — Add (deduct): Unearned discount ​ — ​ — Net deferred loan fees and costs ​ (191) ​ 66 Total loans ​ $ 154,506 ​ $ 5,415 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ December 31, ​ ​ 2022 Grade: ​ ​ ​ ​ 1-6 Pass ​ ​ ​ ​ $ 836,405 7 Special Mention ​ ​ ​ ​ 634 8 Substandard ​ ​ ​ ​ 20,301 9 Doubtful ​ ​ ​ ​ — Add (deduct): Unearned discount ​ ​ ​ ​ — Net deferred loan fees and costs ​ ​ ​ ​ 1,129 Total loans ​ ​ ​ ​ $ 858,469 ​ ​ The activity in the allowance for loan losses by loan class (prior to adoption of ASU No. 2016-13), is summarized below for the year ended December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 Charge-offs (158) ​ (3) ​ (12) ​ (33) ​ — ​ (206) Recoveries 3 ​ 40 ​ 16 ​ 5 ​ — ​ 64 Provision (Credit) 178 ​ 487 ​ 14 ​ 25 ​ (968) ​ (264) Ending Balance $ 704 ​ $ 5,932 ​ $ 1,557 ​ $ 81 ​ $ — ​ $ 8,274 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 704 ​ $ 5,932 ​ $ 1,557 ​ $ 81 ​ $ — ​ $ 8,274 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ Ending Balance $ 86,999 ​ $ 611,549 ​ $ 154,506 ​ $ 5,415 ​ $ — ​ $ 858,469 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ 973 ​ $ 9,495 ​ $ 739 ​ $ — ​ $ — ​ $ 11,207 Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 86,026 ​ $ 602,054 ​ $ 153,767 ​ $ 5,415 ​ $ — ​ $ 847,262 ​ The outstanding recorded investment of loans categorized as TDRs as of December 31, 2022 was $7,480,000. There were no unfunded commitments on TDRs at December 31, 2022. During the year ended December 31, 2022, two loans with a combined post modification balance of $515,000 were modified as TDRs. The loan modifications for the year ended December 31, 2022 consisted of two payment modifications. The following table presents the outstanding recorded investment of TDRs at the dates indicated: ​ ​ ​ ​ ​ (Dollars in thousands) December 31, ​ ​ 2022 Non-accrual TDRs ​ $ 1,324 Accruing TDRs ​ 6,156 Total ​ $ 7,480 ​ At December 31, 2022, three commercial and industrial loans classified as TDRs with a combined recorded investment of $664,000 and five commercial real estate loans classified as TDRs with a combined recorded investment of $684,000 were not in compliance with the terms of their restructure. Of the loans that were modified as TDRs within the twelve months preceding December 31, 2022, no loans experienced payment defaults during the year ended December 31, 2022. ​ ​ ​ ​ The following table presents information regarding the loan modifications categorized as TDRs during the year ended December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2022 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 2 ​ $ 481 ​ $ 515 ​ $ 501 Total ​ 2 ​ $ 481 ​ $ 515 ​ $ 501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The following table provides detail regarding the types of loan modifications made for loans categorized as TDRs during the year ended December 31, 2022 with the total number of each type of modification performed. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ — ​ 2 ​ 2 Total ​ — ​ — ​ 2 ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ December 31, 2022 ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Unpaid ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ ​ Principal ​ Principal ​ Total ​ ​ ​ ​ ​ With ​ With No ​ Total ​ ​ Balance With ​ Balance With ​ Unpaid ​ ​ ​ ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ No Related ​ Principal ​ ​ Related ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Balance ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ 973 ​ $ 973 ​ ​ $ — ​ $ 973 ​ $ 973 ​ ​ $ — Commercial Real Estate ​ ​ — ​ ​ 9,495 ​ ​ 9,495 ​ ​ ​ — ​ ​ 12,430 ​ ​ 12,430 ​ ​ ​ — Residential Real Estate ​ ​ — ​ ​ 739 ​ ​ 739 ​ ​ ​ — ​ ​ 771 ​ ​ 771 ​ ​ ​ — Total ​ $ — ​ $ 11,207 ​ $ 11,207 ​ ​ $ — ​ $ 14,174 ​ $ 14,174 ​ ​ $ — ​ At December 31, 2022, $7,480,000 of loans classified as TDRs were included in impaired loans with a total allocated allowance of $0 at December 31, 2022. The recorded investment represents the loan balance reflected on the consolidated balance sheets net of any charge-offs. The unpaid balance is equal to the gross amount due on the loan. ​ ​ ​ ​ ​ ​ ​ ​ The average recorded investment and interest income recognized for the Corporation’s impaired loans are summarized below for the year ended December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2022 ​ ​ Average ​ Average ​ ​ ​ ​ Interest ​ Interest ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Income ​ Income ​ ​ ​ ​ ​ Investment ​ Investment ​ Total ​ ​ Recognized ​ Recognized ​ Total ​ ​ With ​ With No ​ Average ​ ​ With ​ With No ​ Interest ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ Related ​ Income ​ ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ 992 ​ $ 992 ​ ​ $ — ​ $ 14 ​ $ 14 ​ Commercial Real Estate ​ ​ — ​ ​ 10,741 ​ ​ 10,741 ​ ​ ​ — ​ ​ 294 ​ ​ 294 ​ Residential Real Estate ​ ​ — ​ ​ 841 ​ ​ 841 ​ ​ ​ — ​ ​ 1 ​ ​ 1 ​ Total ​ $ — ​ $ 12,574 ​ $ 12,574 ​ ​ $ — ​ $ 309 ​ $ 309 ​ ​ Of the $309,000 in interest income recognized on impaired loans for the year ended December 31, 2022, $0 in interest income was recognized with respect to non-accrual loans. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ .

PREMISES AND EQUIPMENT, NET

PREMISES AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT, NET
PREMISES AND EQUIPMENT	NOTE 4 — PREMISES AND EQUIPMENT, NET Premises and equipment, net at December 31, 2023 and 2022 is as follows: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Useful ​ ​ ​ ​ ​ ​ Life (in years) ​ 2023 ​ 2022 Land N/A $ 3,744 ​ $ 3,744 Buildings 5-40 ​ 23,197 ​ 22,114 Leasehold improvements 1-20 ​ 338 ​ 335 Equipment 3-25 ​ 8,352 ​ 7,937 ​ ​ 35,631 ​ 34,130 Less: Accumulated depreciation ​ 16,020 ​ 15,106 Total ​ $ 19,611 ​ $ 19,024 ​ Depreciation amounted to $1,050,000 for 2023 and $1,026,000 for 2022 in the consolidated statements of income.

DEPOSITS

DEPOSITS	12 Months Ended
	Dec. 31, 2023
DEPOSITS
DEPOSITS	NOTE 5 — DEPOSITS Major classifications of deposits at December 31, 2023 and 2022 consisted of: ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, ​ December 31, ​ ​ 2023 2022 Non-interest bearing demand $ 198,569 ​ $ 231,754 Interest bearing demand ​ 275,472 ​ 335,559 Savings ​ 212,280 ​ 260,086 Time certificates of deposits less than $250,000 ​ 259,841 ​ 151,575 Time certificates of deposits $250,000 or greater ​ 33,185 ​ 13,400 Other time ​ 1,092 ​ 1,125 Total deposits ​ $ 980,439 ​ $ 993,499 ​ Total deposits decreased $13,060,000 to $980,439,000 as of December 31, 2023 due to decreases in non-interest bearing demand, interest bearing demand and savings accounts while time deposits increased due to higher rate CD offerings in 2023. The decrease in deposits was mainly the result of a $60,884,000 decrease in municipal deposits offset by an increase of $40,250,000 in brokered CDs, along with other normal fluctuations in deposits during 2023. As of December 31, 2023 the Corporation had $65,250,000 in brokered deposits (CDs) as compared to $20,000,000 at December 31, 2022. The following is a schedule reflecting classification and remaining maturities of time deposits at December 31, 2023: (Dollars in thousands) ​ ​ ​ ​ Year Ending ​ ​ 2024 ​ $ 210,589 2025 ​ 27,592 2026 ​ 28,108 2027 ​ 3,020 2028 ​ 19,309 Thereafter ​ 5,500 Total time deposits ​ $ 294,118 ​

SHORT-TERM BORROWINGS

SHORT-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2023
SHORT-TERM BORROWINGS.
SHORT-TERM BORROWINGS	NOTE 6 — SHORT-TERM BORROWINGS Short-term borrowings include federal funds purchased, securities sold under agreements to repurchase, Federal Discount Window, and FHLB advances, which generally represent overnight or less than 30 -day borrowings. Short-term borrowings and weighted-average interest rates at and for the years ended December 31, 2023 and 2022 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ 6.57 % ​ $ — — % Securities sold under agreements to repurchase ​ 19,708 ​ 3.28 % ​ 20,368 0.84 % ​ Federal Discount Window ​ 1 ​ 4.99 % ​ — 2.78 % ​ Federal Home Loan Bank of Pittsburgh ​ 133,759 ​ 5.45 % ​ 133,050 2.82 % ​ Total ​ $ 153,468 ​ 5.21 % ​ $ 153,418 2.21 % ​ ​ At December 31, 2023, the maximum borrowing capacity of federal funds purchased and the Federal Discount Window was $15,000,000 and $8,547,000, respectively. Please refer to Note 7 ― Long-Term Borrowings for the Corporation’s maximum borrowing capacity at FHLB. Securities Sold Under Agreements to Repurchase (“Repurchase Agreements”) The Corporation enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Corporation may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Corporation 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 Corporation’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 Corporation 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 Corporation 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 December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 December 31, 2023 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 19,708 ​ $ — ​ $ 19,708 ​ $ (19,708) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 20,368 ​ $ — ​ $ 20,368 ​ $ (20,368) ​ $ — ​ $ — (a) As of December 31, 2023 and 2022, the fair value of securities pledged in connection with repurchase agreements was $28,902,000 and $34,160,000 , respectively . The following table presents the remaining contractual maturity of the master netting arrangement or repurchase agreements as of December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 19,708 ​ $ — ​ $ — ​ $ — ​ $ 19,708 Total ​ $ 19,708 ​ $ — ​ $ — ​ $ — ​ $ 19,708 ​

LONG-TERM BORROWINGS

LONG-TERM BORROWINGS	12 Months Ended
	Dec. 31, 2023
LONG-TERM BORROWINGS
LONG-TERM BORROWINGS	NOTE 7 — LONG-TERM BORROWINGS Long-term borrowings are comprised of advances from FHLB. Under terms of a blanket agreement, collateral for the FHLB loans is certain qualifying assets of the Bank. The qualifying assets are real estate mortgages and certain investment securities. A schedule of long-term borrowings by maturity as of December 31, 2023 and 2022 follows: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Due 2023, 2.96% ​ $ — ​ $ 3,000 Due 2024, 1.68% ​ 20,000 ​ 20,000 Due 2026, 4.62% to 4.92% ​ 60,000 ​ — Due 2028, 4.46% to 5.14% ​ ​ 42,000 ​ ​ 2,000 Total long-term borrowings ​ $ 122,000 ​ $ 25,000 ​ The Corporation’s long-term borrowings consist of notes at fixed interest rates. Upon any default, under the terms of a master agreement, FHLB may declare all indebtedness of the Corporation immediately due. In addition, FHLB shall not be required to fund advances under any outstanding commitments. ​ Irrevocable standby letters of credit may be issued to a customer/beneficiary by the FHLB on the Corporation’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 Corporation’s pledging obligation to secure public/municipal unit deposits which eliminates the need for the Corporation to pledge collateral in the amount necessary to secure these funds. There were no irrevocable standby letters of credit which could be drawn on through FHLB’s close of business on December 31, 2023 or 2022. Any irrevocable standby letters of credit are issued as necessary in an amount appropriate to secure specific public/municipal unit deposits. Under terms of a blanket agreement, collateral for the FHLB loans and letters of credit consists of certain qualifying assets of the Bank. Principal qualifying assets are certain real estate mortgages and investment securities. As of December 31, 2023, loans of $740,384,000 were pledged to FHLB which resulted in a FHLB maximum borrowing capacity of $517,782,000. As of December 31, 2023, no securities were pledged as collateral to FHLB to secure FHLB loans and letters of credit.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
	Dec. 31, 2023
SUBORDINATED DEBENTURES
SUBORDINATED DEBENTURES	NOTE 8 — SUBORDINATED DEBENTURES 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 Corporation 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
INCOME TAXES
INCOME TAXES	NOTE 9 — INCOME TAXES The current and deferred components of the income tax expense consisted of the following: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Federal ​ ​ Current ​ $ 431 ​ $ 2,180 Deferred ​ 253 ​ 114 Income tax expense ​ $ 684 ​ $ 2,294 ​ The following is a reconciliation between the income tax expense and the amount of income taxes which would have been provided at the statutory rate of 21%: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 ​ Amount Rate Amount Rate Federal income tax at statutory rate ​ $ 1,311 21.0 % $ 3,427 21.0 % Tax-exempt income ​ (106) (1.7) ​ (749) (4.6) ​ Low-income housing credits ​ (484) (7.7) ​ (249) (1.5) ​ Bank owned life insurance income ​ (130) (2.1) ​ (125) (0.7) ​ Prior year tax adjustments ​ ​ 82 ​ 1.3 ​ ​ — ​ — ​ Other ​ 11 0.2 ​ (10) (0.1) ​ Income tax expense and rate ​ $ 684 11.0 % $ 2,294 14.1 % ​ The components of the net deferred tax asset at December 31, 2023 and 2022 are as follows: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred Tax Assets: ​ ​ Net unrealized losses on debt securities available-for-sale and derivatives ​ $ 7,880 ​ $ 7,857 Allowance for loan losses ​ ​ 1,454 ​ ​ 1,738 Provision for unfunded commitments ​ 35 ​ 14 Deferred compensation ​ 218 ​ 238 Contributions ​ 4 ​ 6 Accrued rent expense ​ ​ 106 ​ ​ 103 Operating lease liabilities ​ ​ 415 ​ ​ 426 Finance lease liabilities ​ ​ — ​ ​ 1 Limited partnership investments ​ 322 ​ 313 Impairment loss on securities ​ 4 ​ 4 Deferred health insurance ​ ​ 53 ​ ​ 48 Capital and net operating loss carry forwards ​ 285 ​ 258 Valuation allowance related to state net operating losses ​ ​ (285) ​ ​ (258) Total ​ 10,491 ​ 10,748 Deferred Tax Liabilities: ​ ​ Loan fees and costs ​ 225 ​ 237 Net unrealized gains on marketable equity securities ​ ​ 231 ​ ​ 319 Operating lease right-of-use assets ​ ​ 415 ​ ​ 426 Accumulated depreciation ​ 438 ​ 287 Accretion ​ 172 ​ 36 Mortgage servicing rights ​ 58 ​ 57 Intangibles ​ 257 ​ 257 Total ​ 1,796 ​ 1,619 Net Deferred Tax Asset ​ $ 8,695 ​ $ 9,129 ​ A valuation allowance for deferred tax assets was recorded in the amount of $285,000 and $258,000 at December 31, 2023 and 2022, respectively. The valuation allowance relates to state net operating loss carryforwards for which realizability is uncertain. At December 31, 2023 and 2022, the Corporation had state net operating loss carryforwards, net of a valuation allowance, of $0, which are available to offset future state taxable income, and expire at various dates through 2043. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible and tax planning strategies, management believes it is more likely than not that the Corporation will realize the benefits of these deferred tax assets, net of any valuation allowance at December 31, 2023. The Corporation did not have any uncertain tax positions at December 31, 2023 and 2022. The Corporation and its subsidiary file a consolidated federal income tax return. The Corporation is no longer subject to examination by Federal or State taxing authorities for the years before 2020.

EMPLOYEE BENEFIT PLANS AND DEFE

EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION AGREEMENTS	12 Months Ended
	Dec. 31, 2023
EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION AGREEMENTS
EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION AGREEMENTS	NOTE 10 — EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION AGREEMENTS The Corporation maintains a 401k Plan which has a combined tax qualified savings feature and profit sharing feature for the benefit of its employees. Effective January 1, 2014, the Plan became a Safe Harbor Plan. Under the savings feature, the Corporation makes safe harbor matching contributions of 100% of the first 3% of compensation an employee contributes to the Plan and 50% of the next 2% of compensation an employee contributes to the Plan. The safe harbor matching contributions amounted to $405,000 and $352,000 in 2023 and 2022, respectively. Under the profit sharing feature, contributions, at the discretion of the Board of Directors, are funded currently and amounted to $306,000 and $442,000 in 2023 and 2022, respectively. The Corporation also has non-qualified deferred compensation agreements with one of its current officers and five retired officers. These agreements are essentially unsecured promises by the Corporation to make monthly payments to the officers over fifteen

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 11 — 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 of the Corporation. The Corporation currently leases two branch banking facilities and one parcel of land under operating leases. At December 31, 2023, right-of-use assets and lease liabilities were recorded related to these operating leases totaling $1,472,000 and $1,976,000, respectively, in the consolidated balance sheets. Options to extend or terminate a lease may be included in our lease agreements. When it is reasonably certain that we will exercise those options, the right-of-use asset and lease liability will reflect the renewal or termination option. 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 Corporation recognized total operating lease costs for the years ended December 31, 2023 and 2022 of $220,000 and $191,000, respectively. Cash payments totaled $204,000 and $177,000 for the years ended December 31, 2023 and 2022, respectively, in the consolidated statements of income. The Corporation’s one finance lease for equipment expired as of August 31, 2023. The equipment will continue to depreciate for an additional two years. At December 31, 2023, right-of-use assets and lease liabilities were recorded related to this finance lease totaling $32,000 and $0, respectively. Amounts recognized as right-of-use assets related to finance leases are included in premises options to extend or terminate the lease are not applicable. 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 does not contain an implicit rate; therefore, our incremental borrowing rate was used for the lease. Total finance lease costs that were recognized by the Corporation for the years ended December 31, 2023 and 2022 were immaterial. Cash payments totaled $7,000 and $10,000 for the years ended December 31, 2023 and 2022, respectively. The following table displays the weighted-average term and discount rates for operating and finance leases outstanding as of December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ December 31, ​ ​ December 31, ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 ​ ​ ​ Operating Operating ​ ​ Finance Finance ​ Weighted-average term (years) 19.75 ​ 20.56 ​ ​ - ​ 0.67 ​ Weighted-average discount rate 4.22% ​ 4.23% ​ ​ -% ​ 0.68% ​ ​ A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total operating lease liability is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ 2023 2022 2023 2022 Minimum Lease Payments due: ​ Operating ​ Operating ​ Finance ​ Finance Within one year ​ $ 175 ​ $ 175 ​ $ — ​ $ 7 After one but within two years ​ 140 ​ 140 ​ — ​ — After two but within three years ​ 140 ​ 140 ​ — ​ — After three but within four years ​ 154 ​ 140 ​ — ​ — After four but within five years ​ 157 ​ 154 ​ — ​ — After five years ​ 2,317 ​ 2,474 ​ — ​ — Total undiscounted cash flows ​ 3,083 ​ 3,223 ​ — ​ 7 Discount on cash flows ​ (1,107) ​ (1,194) ​ — ​ (1) Total lease liability ​ $ 1,976 ​ $ 2,029 ​ $ — ​ $ 6 ​

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 12 — DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives The Corporation uses various financial instruments, including derivatives, to manage its exposure to interest rate risk. The Corporation’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Corporation’s known or expected cash receipts and cash payments principally related to specific assets and short-term wholesale funding positions. The Corporation entered into four swap contracts effective September 20, 2023. ​ ​ ​ ​ ​ Fair Values of Derivative Instruments on the Statement of Financial Condition The tables below present the fair value of the Corporation’s derivative financial instruments as well as their classification on the consolidated balance sheets as of December 31, 2023, and December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ 4,501 Total ​ ​ ​ $ — ​ ​ ​ ​ $ 4,501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2022 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ — Total ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ The following table presents the derivative liabilities subject to an enforceable master netting arrangement as of December 31, 2023 and 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Net Amounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts ​ of Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Offset ​ Presented ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ in the ​ in the ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts of ​ Consolidated ​ Consolidated ​ ​ ​ ​ Cash ​ ​ ​ ​ ​ Recognized ​ Balance ​ Balance ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Sheet ​ Sheet ​ Instruments ​ Pledge ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 4,501 ​ $ — ​ $ 4,501 ​ $ — ​ $ (4,501) ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ The following table presents the remaining contractual maturity of the master netting arrangements as of December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturity of the Agreements ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ (Dollars in thousands) ​ Up to ​ 1 to 3 ​ 3 to 5 ​ than ​ ​ ​ ​ ​ 1 Year ​ Years ​ Years ​ 5 Years ​ Total December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ 4,501 ​ $ — ​ $ 4,501 Total ​ $ — ​ $ — ​ $ 4,501 ​ $ — ​ $ 4,501 ​ Fair Value Hedges of Interest Rate Risk The Corporation is exposed to changes in the fair value of certain of its fixed-rate assets due to changes in benchmark interest rates. The Corporation uses interest rate swaps to manage its exposure to changes in fair value on these instruments attributable to changes in the designated benchmark interest rates. Interest rate swaps designated as fair value hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Corporation receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. Such derivatives are used to hedge the changes in fair value of certain of its pools of fixed rate assets. As of December 31, 2023, the Corporation had a total of two interest rate swaps with a combined notional amount of $50,000,000 hedging fixed-rate available-for-sale debt securities. As of December 31, 2023, and December 31, 2022, the following amounts were recorded on the balance sheet related to the cumulative basis adjustment for fair value hedges: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 ​ 2022 Carrying amount of hedged assets: ​ Closed Portfolio Amount ​ Closed Portfolio Amount Available-for-sale - Municipals $ 50,964 $ — Available-for-sale - MBS ​ 35,806 ​ — Total $ 86,770 $ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 50,000 $ — ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 ​ 2022 Cumulative amount of fair value hedging adjustment included in the carrying amount of assets: ​ ​ ​ ​ Available-for-sale - Municipals $ (1,230) $ — Available-for-sale - MBS ​ (407) ​ — Total $ (1,637) $ — ​ The table below presents the pre-tax effects of the Corporation’s derivative instruments designated as fair value hedges on the consolidated statements of income for the years ended December 31, 2023, and 2022: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ 2023 ​ 2022 Amount of loss recognized in other comprehensive loss $ (1,637) $ — Amount of gain, net of fair value re-measurements, included in interest income ​ 168 ​ — ​ Cash Flow Hedges of Interest Rate Risk The Corporation uses derivatives to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Corporation has entered into interest rate swaps as part of its interest rate risk management strategy. These interest rate products are designated as cash flow hedges. As of December 31, 2023, the Corporation had a total of two interest rate swaps with a combined notional amount of $100,000,000 hedging specific short-term wholesale funding positions. For derivatives designated as cash flow hedges, the gain or loss on the derivatives is recorded in other comprehensive loss and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. During the next twelve months, it is estimated that an additional $404,000 will be reclassified as a decrease to interest expense. Interest rate swaps designated as cash flow hedges involve the payment of fixed-rate amounts to a counterparty in exchange for the Corporation receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. For cash flow hedges on the Corporation’s short-term wholesale funding positions, amounts reported in accumulated other comprehensive loss related to derivatives will be reclassified to interest expense as interest payments are made on the Corporation’s hedged variable rate short-term wholesale funding positions. During the year ended December 31, 2023, the Corporation reclassified $274,000 as a reduction in interest expense. The table below presents the pre-tax effects of the Corporation’s derivative instruments designated as cash flow hedges on the Consolidated Statements of Income for the years ended December 31, 2023, and 2022: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ 2023 ​ 2022 Amount of loss recognized in other comprehensive loss $ (2,885) $ — Amount of gain reclassified from accumulated other comprehensive loss to interest expense ​ 274 ​ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 100,000 $ — ​ Credit Risk-Related Contingent Features The Corporation has agreements with each of its derivative counterparties that contain a provision where if the Corporation defaults on any of its indebtedness, then the Corporation could also be declared in default on its derivative obligations and could be required to terminate its derivative positions with the counterparty. The Corporation also has agreements with its derivative counterparties that contain a provision where if the Corporation fails to maintain its status as a well-capitalized institution, then the Corporation could be required to terminate its derivative positions with the counterparty. As of December 31, 2023, the Corporation’s derivatives were in a net liability position resulting in the Corporation having collateral in the amount of $4,650,000 posted with the counterparty at December 31, 2023. As of December 31, 2022, the Corporation had no derivatives in a net liability position and accordingly did not have to post any collateral.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 13 — RELATED PARTY TRANSACTIONS Certain directors, executive officers and immediate family members of First Keystone Corporation and its subsidiary, and companies in which they are principal owners (i.e., at least 10% ownership), were indebted to the Corporation at December 31, 2023 and 2022. The loans do not involve more than the normal risk of collectability nor present other unfavorable features. A summary of the activity on the related party loans consists of the following: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Balance at January 1 $ 9,647 ​ $ 11,184 Additions ​ 909 ​ 3,645 Deductions ​ (1,358) ​ (5,182) Balance at December 31 ​ $ 9,198 ​ $ 9,647 ​ The summary of activity on the related party loans represent funds drawn and outstanding at the date of the consolidated financial statements. Commitments by the Bank to related parties on lines of credit and letters of credit for 2023 and 2022, presented an additional off-balance sheet risk to the extent of undisbursed funds in the amounts of $4,653,000 and $4,492,000 respectively, on the above loans. Deposits from certain officers, directors and immediate family members and/or their related companies held by the Bank amounted to $26,988,000 and $27,248,000 at December 31, 2023 and 2022, respectively.

REGULATORY MATTERS

REGULATORY MATTERS	12 Months Ended
	Dec. 31, 2023
REGULATORY MATTERS
REGULATORY MATTERS	NOTE 14 — REGULATORY MATTERS Under Pennsylvania banking law, the Bank is subject to certain restrictions on the amount of dividends that it may declare without prior regulatory approval. At December 31, 2023, $23,404,000 of retained earnings were available for dividends without prior regulatory approval, subject to the regulatory capital requirements discussed below. Regulations also limit the amount of loans and advances from the Bank to the Corporation to 10% of consolidated net assets. The Corporation is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory — and possibly additional discretionary — actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Corporation must meet specific capital guidelines that involve quantitative measures of the Corporation’s assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. The Corporation’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Management believes, as of December 31, 2023 and 2022, that the Corporation and the Bank met all capital adequacy requirements to which they are subject. On July 2, 2013, the Board of Governors of the Federal Reserve System finalized its rule implementing the Basel III regulatory capital framework, which the FDIC adopted on July 9, 2013. Under the rule, minimum requirements increased both the quantity and quality of capital held by banking organizations. Consistent with the Basel III framework, the rule included a new minimum ratio of common equity tier 1 capital to risk-weighted assets of 4.5 percent, and a common equity tier 1 conservation buffer of 2.5 percent of risk-weighted assets, that applies to all supervised financial institutions, which was phased in over a three year period beginning January 1, 2016, with the full 2.5 percent required as of January 1, 2019. The rule also raised the minimum ratio of tier 1 capital to risk-weighted assets from 4 percent to 6 percent, and includes a minimum leverage ratio of 4 percent for all banking organizations. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total capital, tier I capital and common equity tier 1 capital (as defined in the regulations) to risk weighted assets (as defined), and of tier I capital (as defined) to average assets (as defined). As of December 31, 2023 the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as Well Capitalized under the regulatory framework for prompt corrective action. To be categorized as Well Capitalized, the Bank must maintain minimum total risk-based, tier 1 risk-based, common equity tier 1 risk-based and tier 1 leverage ratios as set forth in the table. There are no conditions or events since the notification that management believes have changed the Bank’s category. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Minimum Capital ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Adequacy with ​ ​ Under Prompt Corrective ​ ​ Actual ​ ​ Purposes ​ ​ Capital Buffer ​ ​ Action Provisions ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio As of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ $ 151,381 15.68 % ​ $ 77,247 8.00 % ​ $ 101,386 10.50 % ​ $ 96,558 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 144,290 14.94 % ​ $ 57,935 6.00 % ​ $ 82,074 8.50 % ​ $ 77,247 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) ​ $ 144,290 14.94 % ​ $ 43,451 4.50 % ​ $ 67,591 7.00 % ​ $ 62,763 6.50 % Tier 1 Capital (to Average Assets) ​ $ 144,290 10.38 % ​ $ 55,615 4.00 % ​ $ 55,615 4.00 % ​ $ 69,518 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Minimum Capital ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Adequacy with ​ ​ Under Prompt Corrective ​ ​ Actual ​ ​ Purposes ​ ​ Capital Buffer ​ ​ Action Provisions ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio As of December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ $ 148,223 16.15 % ​ $ 73,429 8.00 % ​ $ 96,375 10.50 % ​ $ 91,786 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 139,881 15.24 % ​ $ 55,071 6.00 % ​ $ 78,018 8.50 % ​ $ 73,429 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) ​ $ 139,881 15.24 % ​ $ 41,304 4.50 % ​ $ 64,250 7.00 % ​ $ 59,661 6.50 % Tier 1 Capital (to Average Assets) ​ $ 139,881 10.38 % ​ $ 53,908 4.00 % ​ $ 53,908 4.00 % ​ $ 67,385 5.00 % ​ The capital conservation buffer phase-in began January 1, 2016. The capital conservation buffer of 2.50% was fully phased in effective January 1, 2019. The Corporation’s capital ratios are not materially different from those of the Bank.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	12 Months Ended
	Dec. 31, 2023
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 15 — FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK Financial Instruments with Off-Balance Sheet Risk The Corporation 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 Corporation has in particular classes of financial instruments. The Corporation does not engage in trading activities with respect to any of its financial instruments with off-balance sheet risk. The Corporation’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 Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Corporation may require collateral or other security to support financial instruments with off-balance sheet credit risk. The contract or notional amounts at December 31, 2023 and 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 116,954 ​ $ 121,938 ​ Financial standby letters of credit ​ $ 2,120 ​ $ 2,124 ​ Performance standby letters of credit ​ $ 3,688 ​ $ 3,472 ​ ​ 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 Corporation evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Corporation 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 Corporation 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 Corporation 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 Corporation originates primarily commercial and residential real estate loans to customers predominately in the Corporation’s five county, Pennsylvania market area. The ability of the majority of the Corporation’s customers to honor their contractual loan obligations is dependent on the economy and real estate market in this area. At December 31, 2023, the Corporation had $811,493,000 in loans secured by real estate, which represented 89.1% 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 December 31, 2023 and 2022, 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 Corporation 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 Corporation also establishes an allowance for credit losses that constitutes the amount available to absorb losses within the loan portfolio that may exist due to deficiencies in collateral values.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2023
STOCKHOLDERS' EQUITY
STOCKHOLDERS' EQUITY	NOTE 16 — STOCKHOLDERS’ EQUITY The Corporation also offers to its shareholders a Dividend Reinvestment and Stock Purchase Plan. Participation in this plan by shareholders began in 2001. The plan provides First Keystone shareholders a convenient and economical way to purchase additional shares of common stock by reinvesting dividends. A plan participant can elect full dividend reinvestment or partial dividend reinvestment provided at least 25 shares are enrolled in the plan. In addition, plan participants may make additional voluntary cash purchases of common stock under the plan of not less than $100 per calendar quarter or more than $2,500 in any calendar quarter. Shares transferred under this Dividend Reinvestment and Stock Purchase Plan were 101,902 in 2023 and 71,928 in 2022. Remaining shares authorized in the plan were 220,705 as of December 31, 2023. Shares of First Keystone common stock are purchased for the plan either in the open market by an independent broker on behalf of the plan, directly from First Keystone as original issue shares, or through negotiated transactions. A combination of the previous methods could also occur.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2023
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 17 — 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 in the circumstances. 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 December 31, 2023 and 2022, securities measured at fair value on a recurring basis and the valuation methods used are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,041 ​ $ — ​ $ — ​ $ 7,041 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 137,992 ​ ​ — ​ ​ 137,992 Other ​ — ​ 7,632 ​ — ​ 7,632 Other mortgage backed debt securities ​ — ​ 34,050 ​ — ​ 34,050 Obligations of state and political subdivisions ​ — ​ 87,703 ​ — ​ 87,703 Asset-backed securities ​ — ​ 82,162 ​ — ​ 82,162 Corporate debt securities ​ — ​ 36,388 ​ — ​ 36,388 Total debt securities available-for-sale ​ 7,041 ​ 385,927 ​ — ​ 392,968 Marketable equity securities ​ 1,482 ​ — ​ — ​ 1,482 Total recurring fair value measurements ​ $ 8,523 ​ $ 385,927 ​ $ — ​ $ 394,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 6,801 ​ $ — ​ $ — ​ $ 6,801 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 131,675 ​ ​ — ​ ​ 131,675 Other ​ — ​ 11,180 ​ — ​ 11,180 Other mortgage backed debt securities ​ — ​ 33,688 ​ — ​ 33,688 Obligations of state and political subdivisions ​ — ​ 110,689 ​ — ​ 110,689 Asset-backed securities ​ — ​ 36,418 ​ — ​ 36,418 Corporate debt securities ​ — ​ 42,993 ​ — ​ 42,993 Total debt securities available-for-sale ​ 6,801 ​ 366,643 ​ — ​ 373,444 Marketable equity securities ​ 1,699 ​ — ​ — ​ 1,699 Total recurring fair value measurements ​ $ 8,500 ​ $ 366,643 ​ $ — ​ $ 375,143 ​ 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 other 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 Corporation (observable inputs), and are therefore classified as Level 2 within the fair value hierarchy. The Corporation does not have any Level 3 inputs for securities. There were no transfers between Level 1 and Level 2 during 2023 and 2022. Financial Assets Measured at Fair Value on a Nonrecurring Basis Periodically, non-recurring adjustments may be applied to the carrying value of loans based on the fair value measurements for partial charge-offs of the uncollectible portions of these loans. Nonrecurring adjustments can also include certain specific allocation amounts for individually evaluated collateral-dependent loans as calculated when establishing the allowance for credit losses. The Corporation’s valuation procedure for any individually evaluated 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 Corporation. 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 individually evaluated loans less than $250,000 upon classification and annually at year end, the Corporation 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 individually evaluated loan balances less the valuation allowance and/or charge-offs. There were no transfers between valuation levels in 2023 and 2022. Following the adoption of ASU No. 2016-13, at December 31, 2023, individually evaluated loans measured at fair value on a nonrecurring basis were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2023 ​ ​ ​ ​ Individually evaluated loans: ​ ​ ​ ​ Real Estate ​ $ — ​ $ — ​ $ 1,990 ​ $ 1,990 Total individually evaluated loans ​ $ — ​ $ — ​ $ 1,990 ​ $ 1,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2022 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,167 ​ $ 5,167 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,197 ​ $ 5,197 ​ 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 December 31, 2023 or December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Corporation’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 2023 and 2022. The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Corporation has utilized Level 3 inputs to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-ASU No. 2016-13 Adoption: ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Weighted December 31, 2023 Estimate Valuation Technique Unobservable Input Range Average Individually evaluated loans - collateral dependent ​ $ 1,990 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (5%) – (5%) (5%) ​ ​ Pre-ASU No. 2016-13 Adoption: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Impaired loans - collateral dependent ​ $ 2,370 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (0%) – (5%) (5%) Impaired loans - other ​ $ 2,827 Discounted cash flow Discount rate (4%) – (7%) (6%) 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 December 31, 2023 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,462 ​ $ 9,462 ​ $ — ​ $ — ​ $ 9,462 Interest-bearing deposits in other banks ​ 7,551 ​ — ​ 7,551 ​ — ​ 7,551 Restricted investment in bank stocks ​ 10,885 ​ — ​ 10,885 ​ — ​ 10,885 Net loans ​ 904,153 ​ — ​ — ​ 885,840 ​ 885,840 Mortgage servicing rights ​ 265 ​ — ​ — ​ 265 ​ 265 Accrued interest receivable ​ 5,201 ​ — ​ 5,201 ​ — ​ 5,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 686,321 ​ — ​ 686,321 ​ — ​ 686,321 Time deposits ​ 294,118 ​ — ​ 292,073 ​ — ​ 292,073 Short-term borrowings ​ 153,468 ​ — ​ 153,509 ​ — ​ 153,509 Long-term borrowings ​ 122,000 ​ — ​ 125,343 ​ — ​ 125,343 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 22,762 ​ ​ — ​ ​ 22,762 Accrued interest payable ​ 2,823 ​ — ​ 2,823 ​ — ​ 2,823 Derivative Liabilities ​ 4,501 ​ — ​ 4,501 ​ — ​ 4,501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at December 31, 2022 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,441 ​ $ 9,441 ​ $ — ​ $ — ​ $ 9,441 Interest-bearing deposits in other banks ​ 1,297 ​ — ​ 1,297 ​ — ​ 1,297 Restricted investment in bank stocks ​ 7,136 ​ — ​ 7,136 ​ — ​ 7,136 Net loans ​ 850,195 ​ — ​ — ​ 810,104 ​ 810,104 Mortgage servicing rights ​ 319 ​ — ​ — ​ 319 ​ 319 Accrued interest receivable ​ 4,391 ​ — ​ 4,391 ​ — ​ 4,391 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 827,399 ​ — ​ 827,399 ​ — ​ 827,399 Time deposits ​ 166,100 ​ — ​ 160,472 ​ — ​ 160,472 Short-term borrowings ​ 153,418 ​ — ​ 153,209 ​ — ​ 153,209 Long-term borrowings ​ 25,000 ​ — ​ 24,090 ​ — ​ 24,090 Subordinated debentures ​ 25,000 ​ ​ — ​ ​ 22,365 ​ ​ — ​ ​ 22,365 Accrued interest payable ​ ​ 563 ​ — ​ 563 ​ — ​ 563 Derivative Liabilities ​ ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

REVENUE RECOGNITION

REVENUE RECOGNITION	12 Months Ended
	Dec. 31, 2023
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 18 — REVENUE RECOGNITION The Corporation has elected to apply the guidance outlined in FASB ASC 606 regarding the measurement or recognition of revenue. The main types of revenue contracts included in non-interest income within the consolidated statements of income which are subject to ASC 606 are as follows: Deposit 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 Corporation elected to adopt practical expedient related to incremental costs of obtaining deposit contracts. As such, any costs associated with acquiring the deposits, except for certificate of deposits (“CDs”) with maturities in excess of one year, are recognized as an expense within the 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 the Corporation’s geographic markets. The Trust Department of the Corporation 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 Corporation and, therefore, are not included in the Corporation’s 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 December 31, 2023 and 2022, the fair value of trust assets under management was $109,064,000 and $111,172,000, respectively. The costs of acquiring asset management customers are incremental and recognized within the non-interest expense of 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 Corporation’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.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2023
GOODWILL.
GOODWILL	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, 2023, 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 December 31, 2023.

PARENT COMPANY FINANCIAL INFORM

PARENT COMPANY FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
PARENT COMPANY FINANCIAL INFORMATION	NOTE 20 — PARENT COMPANY FINANCIAL INFORMATION Condensed financial information for First Keystone Corporation (parent company only) was as follows: BALANCE SHEETS ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 ASSETS ​ ​ Cash ​ $ 9,753 ​ $ 13,860 Investment in banking subsidiary ​ 135,301 ​ 129,456 Marketable equity securities ​ 1,482 ​ 1,699 Prepaid expenses and other assets ​ 551 ​ 854 TOTAL ASSETS ​ $ 147,087 ​ $ 145,869 ​ ​ ​ ​ LIABILITIES ​ ​ ​ (Receivable) advances from banking subsidiary ​ $ (307) ​ $ 168 Subordinated Debentures ​ ​ 25,000 ​ ​ 25,000 Accrued expenses and other liabilities ​ 779 ​ 315 TOTAL LIABILITIES ​ 25,472 ​ 25,483 ​ ​ ​ ​ STOCKHOLDERS’ EQUITY ​ ​ ​ Common stock ​ 12,705 ​ 12,502 Surplus ​ 44,004 ​ 42,439 Retained earnings ​ 100,260 ​ 100,712 Accumulated other comprehensive loss ​ (29,645) ​ (29,558) Treasury stock, at cost ​ (5,709) ​ (5,709) TOTAL STOCKHOLDERS’ EQUITY ​ 121,615 ​ 120,386 ​ ​ ​ ​ TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ​ $ 147,087 ​ $ 145,869 ​ ​ STATEMENTS OF INCOME ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 INCOME ​ ​ Dividends from subsidiary bank ​ $ 1,526 ​ $ 6,102 Net securities losses ​ (217) ​ (93) Other income ​ 94 ​ 98 TOTAL INCOME ​ 1,403 ​ 6,107 ​ ​ ​ ​ ​ ​ ​ EXPENSE ​ ​ ​ ​ ​ ​ Interest on subordinated debt ​ ​ 1,094 ​ ​ 1,091 Other expense ​ 217 ​ 195 TOTAL EXPENSE ​ 1,311 ​ 1,286 ​ ​ ​ ​ ​ ​ ​ INCOME BEFORE INCOME TAX BENEFIT ​ ​ 92 ​ ​ 4,821 INCOME TAX BENEFIT ​ (303) ​ (275) ​ ​ 395 ​ 5,096 EQUITY IN UNDISTRIBUTED EARNINGS OF BANKING SUBSIDIARY ​ 5,165 ​ 8,928 ​ ​ ​ ​ ​ ​ ​ NET INCOME ​ $ 5,560 ​ $ 14,024 ​ STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 Net Income ​ $ 5,560 ​ $ 14,024 ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of banking subsidiary ​ (87) ​ (37,146) ​ ​ ​ ​ ​ ​ ​ Total other comprehensive loss ​ (87) ​ (37,146) Total Comprehensive Income (Loss) ​ $ 5,473 ​ $ (23,122) ​ ​ STATEMENTS OF CASH FLOWS ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES: ​ ​ Net income ​ $ 5,560 ​ $ 14,024 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ Losses on securities ​ 217 ​ 93 Deferred income tax benefit ​ (88) ​ (34) Equity in undistributed earnings of banking subsidiary ​ (5,165) ​ (8,928) Increase in prepaid/accrued expenses and other assets/liabilities ​ 869 ​ 47 Decrease in advances from banking subsidiary ​ (474) ​ (245) NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 919 ​ 4,957 ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM INVESTING ACTIVITIES: ​ ​ ​ ​ ​ ​ Proceeds from sales of equity securities ​ ​ — ​ ​ 170 NET CASH PROVIDED BY INVESTING ACTIVITIES ​ ​ — ​ ​ 170 ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM FINANCING ACTIVITIES: ​ ​ ​ Proceeds from issuance of common stock ​ 1,754 ​ 1,635 Dividends paid ​ (6,780) ​ (6,690) NET CASH USED IN FINANCING ACTIVITIES ​ (5,026) ​ (5,055) ​ ​ ​ ​ ​ ​ ​ (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS ​ (4,107) ​ 72 CASH AND CASH EQUIVALENTS, BEGINNING ​ 13,860 ​ 13,788 CASH AND CASH EQUIVALENTS, ENDING ​ $ 9,753 ​ $ 13,860 ​

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of First Keystone Corporation and its wholly-owned subsidiary, First Keystone Community Bank (the “Bank”). All significant inter-company balances and transactions have been eliminated in consolidation.
Nature of Operations	Nature of Operations The Corporation, headquartered in Berwick, Pennsylvania, provides a full range of banking, trust and related services through its wholly-owned Bank subsidiary and is subject to competition from other financial institutions in connection with these services. The Bank serves a customer base which includes individuals, businesses, governments, and public and institutional customers primarily located in the Northeast Region of Pennsylvania. The Bank has 19 full service offices and 20 Automated Teller Machines (“ATM”) located in Columbia, Luzerne, Montour, Monroe, and Northampton counties. The Corporation must also adhere to certain federal and state banking laws and regulations and are subject to periodic examinations made by various state and federal agencies.
Segment Reporting	Segment Reporting The Bank acts as an independent community financial services provider, and offers traditional banking and related financial services to individual, business, government, and public and institutional customers. Through its branch and ATM network, as well as online banking, the Bank offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and mortgage loans; and the providing of other financial services. The Bank also performs personal, corporate, pension and fiduciary services through its trust department. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial, retail, trust and mortgage banking operations of the Corporation. As such, discrete financial information is not available and segment reporting would not be meaningful.
Significant Concentrations of Credit Risk	Significant Concentrations of Credit Risk The majority of the Corporation’s activities involve customers located primarily in Columbia, Luzerne, Montour, Monroe, Northampton, and Lehigh counties in Pennsylvania. The types of securities in which the Corporation invests are presented in Note 2 – Securities. Credit risk as it relates to investment activities is moderated through the monitoring of ratings, geographic concentrations, etc. residing in the portfolio and the observance of minimum rating levels in the investment policy. Note 3 – Loans and Allowance for Credit Losses summarizes the types of lending in which the Corporation engages. The inherent risks associated with lending activities are mitigated by adhering to established underwriting practices and policies, as well as portfolio diversification and thorough monitoring of the loan portfolio. It is management’s opinion that the investment and loan portfolios were well balanced at December 31, 2023, to the extent necessary to avoid any significant concentrations of credit risk.
Use of Estimates	Use of Estimates The preparation of these consolidated financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of these consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant changes include the determination of allowance for securities losses, the assessment of possible impairment of equity securities, the determination of the allowance for credit losses, the assessment of goodwill for possible impairment, and the valuation of deferred taxes.
Subsequent Events	Subsequent Events The Corporation has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of December 31, 2023, for items that should potentially be recognized or disclosed in the consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued. On February 27, 2024, the Board of Directors declared a dividend of $0.28 per share for the first quarter of 2024. The dividend is payable on March 28, 2024 to shareholders of record as of March 14, 2024.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting consolidated cash flows, cash and cash equivalents include cash on hand and due from banks, interest-bearing deposits in other banks, and federal funds sold. The Corporation considers cash classified as interest-bearing deposits with other banks as a cash equivalent since they are represented by cash accounts essentially on a demand basis and mature within one year. Federal funds are also included as a cash equivalent because they are generally purchased and sold for one-day periods.
Debt Securities	Debt Securities The Corporation classifies its debt securities as either “Held-to-Maturity” or “Available-for-Sale” at the time of purchase. Debt securities are accounted for on a trade date basis. Debt securities are classified as Held-to-Maturity when the Corporation has the ability and positive intent to hold the securities to maturity. Debt securities classified as Held-to-Maturity are carried at cost adjusted for amortization of premium and accretion of discount to maturity. At December 31, 2023 and 2022, all debt securities held were classified as available-for-sale. 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 (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. 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 on securities. Realized gains and losses are included in net securities gains and losses in the consolidated statements of income. The cost of securities sold, redeemed or matured is based on the specific identification method. The Corporation 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 private (non-agency) student loan pools backed by the Federal Family Education Loan Program (“FFELP”) which carry a 97% federal government guarantee. Corporate debt securities consist of senior debt and subordinated debt holdings. Available-for-sale debt securities are required to be individually evaluated for impairment in accordance with ASC 326, Financial Instruments – Credit Losses. Management evaluates debt securities for impairment where there has been a decline in fair value below the amortized cost basis of a debt security to determine whether there is a credit loss associated with the decline in fair value on at least a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Credit losses are calculated individually, rather than collectively, using a discounted cash flow method, whereby Management compares the present value of expected cash flows with the amortized cost basis of the debt security. The credit loss component would be recognized through the provision for credit losses and the creation of an allowance for credit losses. Consideration is given to (1) the financial condition and near-term prospects of the issuer, (2) the outlook for receiving the contractual cash flows of the investments, (3) the length of time and the extent to which the fair value has been less than cost, (4) our intent and ability to retain the investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value or whether it is more-likely-than-not that we will be required to sell the debt security prior to recovering its fair value, (5) the anticipated outlook for changes in the general level of interest rates, (6) credit ratings, (7) third party guarantees, and (8) collateral values. In analyzing an issuer’s financial condition, management considers whether the debt securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, the results of reviews of the issuer’s financial condition, and the issuer’s anticipated ability to pay the contractual cash flows of the debt securities. All issues of U.S. Treasury and Agency-Backed debt securities have the full faith and credit backing of the United States Government or one of its agencies. All other debt securities that do not have a zero expected credit loss are evaluated quarterly to determine whether there is a credit loss associated with a decline in fair value.
Equity Securities	Equity Securities In accordance with ASC 825-10, 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. Management evaluates equity securities for impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such an evaluation. Equity securities without readily determinable fair values are generally evaluated for impairment under FASB ASC 321, Equity Securities. In determining impairment under the FASB ASC 321 model, management considers many factors, including (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, (3) whether the market decline was affected by macroeconomic conditions, and (4) whether the entity has the intent to sell the equity security or more likely than not will be required to sell the equity security before its anticipated recovery. The assessment of whether an impairment exists involves a high degree of subjectivity and judgment and is based on the information available to management at a point in time. If an impairment loss on an equity security is considered to exist, a loss in the amount of the difference between the cost and fair value of the security is recognized. Once the impairment is recorded, this becomes the new cost basis of the equity security and cannot be adjusted upward if there is a subsequent recovery in the fair value of the security.
Restricted Investment in Bank Stocks	Restricted Investment in Bank Stocks The Corporation owns restricted stock investments in the Federal Home Loan Bank of Pittsburgh (“FHLB-Pittsburgh”) and Atlantic Community Bankers Bank (“ACBB”). These investments do not have a readily determinable fair value because their ownership is restricted and they can be sold back only to the FHLB-Pittsburgh, ACBB or to another member institution. Therefore, these investments are carried at cost. At December 31, 2023, the Corporation held $10,850,000 in stock of FHLB-Pittsburgh and $35,000 in stock of ACBB. At December 31, 2022, the Corporation held $7,101,000 in stock of FHLB-Pittsburgh and $35,000 in stock of ACBB. Management evaluates the restricted investment in bank stocks for impairment on a quarterly basis. Management’s determination of whether these investments are impaired is based on management’s assessment of the ultimate recoverability of the cost of these investments rather than by recognizing temporary declines in value. The following factors were evaluated to determine the ultimate recoverability of the cost of the Corporation’s restricted investment in bank stocks; (i) the significance of the decline in net assets of the correspondent bank as compared to the capital stock amount for the correspondent bank and the length of time this situation has persisted; (ii) commitments by the correspondent bank to make payments required by law or regulation and the level of such payments in relation to the operating performance of the correspondent bank; (iii) the impact of legislative and regulatory changes on the institutions and, accordingly, on the customer base of the correspondent bank; and (iv) the liquidity position of the correspondent bank. Based on the analysis of these factors, management determined that no impairment charge was necessary related to the restricted investment in bank stocks during 2023 or 2022.
Loans	Loans Net loans are stated at their outstanding recorded investment, net of deferred fees and costs, unearned income The loans receivable portfolio is segmented into the following segments: Real Estate (including both Real Estate Lending The Corporation engages in real estate lending to commercial borrowers in its primary market area and surrounding areas. The commercial component of the Corporation’s Real Estate portfolio is secured primarily by commercial retail space, commercial office buildings, residential housing and hotels. Generally, these loans have terms that do not exceed twenty years , have loan-to-value ratios of up to eighty percent of the value of the collateral property, and are typically supported by personal guarantees of the borrowers. In underwriting these loans, the Corporation performs a thorough analysis of the financial condition of the Real estate loans secured by commercial properties generally present a higher level of risk than loans secured by residential real estate. Repayment of loans secured by commercial real estate is typically dependent upon the The residential component of the Corporation’s 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 Corporation’s marketing efforts, its present customers, walk-in customers and referrals. These loans are originated primarily with customers from the Corporation’s market area. The Corporation’s one-to-four family residential mortgage originations are secured principally by properties located in its primary market area and surrounding areas. The Corporation 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 ​ typically have a maximum loan-to-value of eighty percent and a maximum term of fifteen years. In general, home equity In underwriting one-to-four family residential mortgage loans, the Corporation 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. Residential mortgage loans, home equity term loans and home equity lines of credit generally present a lower 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 $214,000 and $71,000 at December 31, 2023 and 2022, respectively. Agricultural Lending The Corporation originates agricultural loans to individuals in the farming industry for funding the production of crops or to purchase or refinance capital assets such as farmland, livestock, machinery, equipment, and farm real estate improvements. Agricultural loans are typical secured by collateral related to the farming activities. These loans originate from customers within the Corporation’s primary market area or the surrounding areas. In underwriting agricultural loans, an analysis is performed regarding the borrower’s ability to repay the loan, Commercial and Industrial Lending The Corporation 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, 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 Corporation’s analysis of the borrower’s ability to repay. ​ 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 Corporation 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 December 31, 2023, the Company's balance of GGLs was $4,470,000 , compared to $4,631,000 at December 31, 2022. Consumer Lending The Corporation 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 with customers from the Corporation’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. State and Political Subdivisions Lending The Corporation, from time to time, may originate loans to state and political subdivisions that are within the Corporation’s primary market area or surrounding areas. These loans may be either taxable or tax-free. These loans may be issued for the purpose of land improvement, infrastructure changes, bond refinances, or the purchase of equipment. State and political loans are typically secured by the taxing power of the borrowing entity. In some cases, the loans may also be secured by the property/item being purchased. Audited financial statements are required as part of the underwriting for all state and political loans and a full analysis of all components of the audited statements is performed. If the loan is to be classified as tax-free, a letter from the entity’s solicitor stating such is required, as well. The risk associated with these types of loans is considerably less than commercial loan transactions. Repayment is based on the full faith, credit, and ability of the borrowing entity to tax and then collect the payments. Delinquency or loss on these types of loans is de minimus.
Delinquent Loans	Delinquent Loans Generally, a loan is considered to be past-due when scheduled loan payments are in arrears 10 days or more. 15 days 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 loans and real estate loans issued for commercial purpose 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 Real estate loans issued for residential purposes 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. Existing loans in which the borrower has declared bankruptcy are considered on a case by case basis to Generally, a loan is classified as non-accrual and the accrual of interest on such a loan is discontinued when the
Allowance for Loan Losses	Allowance for Credit Losses The allowance for credit losses (“ACL”) is an estimate of losses arising from borrowers’ inability to make loan payments as required, which is calculated via a valuation account that is deducted from the amortized cost basis to present the net amount expected to be collected on the loan portfolio. The Corporation completed a one-time adjustment to The ACL is maintained at a level estimated by management to be adequate to absorb potential loan losses. Modeling of the ACL uses sophisticated statistical techniques to arrive at reasonable and supportable forecasts of expected losses. The Corporation has contracted with a third-party vendor to assist in developing models for the ACL related to the Corporation’s loan portfolio under Accounting Standards Update (“ASU”) 2016-13. The Corporation has opted to utilize the Weighted Average Remaining Maturity (“WARM”) method to calculate the ACL which uses an average annual charge-off rate. This average annual charge-off rate contains loss content over several vintages and is used as a foundation for estimating the credit loss content for loans by segmented pools at the balance sheet date and is used to determine a historical charge-off rate. When estimating expected credit losses, the Corporation considers forward-looking information that is both reasonable, supportable, and relevant to assessing the collectability of cash flows. Reasonable and supportable forecasts may extend over the entire contractual term of a loan or a period shorter than the contractual term. Reasonable and supportable forecasts may vary by portfolio segment or individual forecast input. These forecasts may include data from internal sources, external sources, or a combination of both. When the contractual term of a loan extends beyond the reasonable and supportable period, ASC Topic 326 The methodology used to determine the ACL also includes a qualitative component in which the Corporation adjusts expected credit loss estimates for information not already captured in the loss estimation process. These qualitative factor adjustments may increase or decrease management’s estimate of expected credit losses. Changes in the The Corporation’s ACL is calculated by collectively evaluating and individually evaluating loans. The Corporation collectively evaluates applicable loans based on segments according to their homogeneous characteristics, aligned with the segmentation of the FDIC Bank Call Report. The Corporation collectively evaluates loans and determines applicable loss rates based on the following segments/classes: Real Estate ● Construction, land development, and other land loans ● Residential construction (loans to build homes, both speculative and owner-occupied, and 1-4 ● family lot loans) ● Agribusiness, farmland, or secured by farmland ● Revolving, open-end, 1-4 family residential properties (and extended under lines of credit) ● Loans secured by first liens ● Loans secured by junior liens ● Secured by multifamily (5 or more) residential properties ● Loans secured by owner occupied, non-farm, non-residential properties ● Loans secured by other non-farm, non-residential properties ​ Agricultural ● Loans to finance agricultural production and other loans for farmers Commercial and Industrial ● Commercial and industrial loans Consumer ● Other revolving credit plans ● Automobile loans ● Other consumer loans State and Political Subdivisions ● Obligations (other than securities or leases) of states and political subdivisions in the U.S. In accordance with ASC 326-20-30-2, the Corporation will evaluate individual loans for expected credit losses when the loans do not share similar risk characteristics with loans evaluated using the collective method. Management ● The present value of expected cash flows, discounted at the loan’s effective interest rate (i.e. the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at the origination or acquisition of the loan) ● The loan’s observable market price ● The fair value of the collateral if the loan is deemed to be collateral dependent. A loan is collateral dependent if the repayment of the loan is expected to be provided solely by the liquidation of the underlying collateral and there are no other available and reliable sources of repayment. Management will consider estimated costs to sell, on a discounted basis, in the measurement of impairment if these costs are expected to reduce the cash flows available to repay the loan. Any portion of the recorded investment for a collateral dependent loan (including any capitalized accrued interest, net deferred loan fees or costs, and unamortized premium or discount) exceeding the fair value of the collateral that can be identified as uncollectible is deemed a confirmed loss and will be charged off against the ACL ​ Loans that have been individually measured for impairment may have a portion of the allowance allocated to ASU 2022-02, Loan Modifications Experiencing Financial Difficulty, eliminated the accounting guidance for losses. Any modifications of loans to borrowers experiencing financial difficulty that are classified as non-accrual or are otherwise designated as collateral dependent are individually evaluated for determination of expected credit losses. The most common types of concessions granted upon modification of a loan to a borrower experiencing financial difficulties include: (a) a reduction in the interest rate for the remaining life of the debt, (b) an extension of the There may be certain types of loans for which the expectation of credit loss is zero after evaluating historical loss information, making necessary adjustments for current conditions and reasonable and supportable forecasts, and A loan that is fully secured by cash or cash equivalents, such as a certificate of deposit issued by the lending institution, would likely have zero credit loss expectations. Similarly, the guaranteed portion of an SBA loan purchased on the secondary market through the SBA’s fiscal and transfer agent would likely have zero credit loss expectations because these financial assets are unconditionally guaranteed by the U.S. government. ASC Topic 326 introduces the concept of purchased credit deteriorated (“PCD”) assets. PCD assets are acquired financial assets that, at acquisition, have experienced more-than-insignificant deterioration in credit quality A reserve for unfunded lending commitments is provided for possible credit losses on off-balance sheet credit exposures. Off-balance sheet credit exposures primarily include undrawn portions of revolving lines of credit and The Corporation made a policy election to exclude accrued interest receivable from the amortized cost basis of The Corporation is subject to periodic examination by its federal and state examiners, and may be required by The Corporation 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 loans. An asset quality rating is assigned using the guidance provided in the 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 loan grading system for residential real estate secured 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, At the low-risk end of the rating scale, a risk grade of 1 – Minimal Risk is the grade reserved for loans with 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 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 These loans are characterized by the distinct possibility that the Corporation will sustain some loss if the ​ ​ 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,
Premises and Equipment, net	Premises and Equipment, net Premises and equipment are stated at cost less accumulated depreciation computed principally utilizing the straight-line method over the estimated useful lives of the assets. Long-lived assets are reviewed for impairment whenever events or changes in business circumstances indicate that the carrying value may not be recovered. Maintenance and minor repairs are charged to operations as incurred. The cost and accumulated depreciation of the premises and equipment retired or sold are eliminated from the property accounts at the time of retirement or sale, and the resulting gain or loss is reflected in current operations.
Mortgage Servicing Rights	Mortgage Servicing Rights The Corporation originates and sells real estate loans to investors in the secondary mortgage market. After the sale, the Corporation may retain the right to service these loans. The mortgage loans sold and serviced for others are not included in the consolidated balance sheets. The unpaid principal balances of mortgage loans serviced for others were $82,489,000 and $87,671,000 at December 31, 2023 and 2022, respectively. When originated mortgage loans are sold and servicing is retained, a servicing asset is capitalized based on relative fair value at the date of the sale. Servicing assets are amortized as an offset to other fees in proportion to, and over the period of, estimated net servicing income. The servicing asset is included in other assets in the consolidated balance sheets and amounted to $265,000 at December 31, 2023 and $319,000 at December 31, 2022. The amount of servicing income earned was $213,000 and $230,000 at December 31, 2023 and 2022, respectively. Amortization recognized in relation to mortgage servicing rights was $72,000 and $88,000 at December 31, 2023 and 2022, respectively. Both income and amortization are included in service charges and fees on the consolidated statements of income. Gains or losses on sales of mortgage loans are recognized based on the differences between the selling price and the carrying value of the related mortgage loans sold.
Bank Owned Life Insurance	Bank Owned Life Insurance The cash surrender value of bank owned life insurance is carried as an asset, and changes in cash surrender value are recorded as non-interest income in the consolidated statements of income. The Corporation entered into agreements to provide post-retirement benefits to two retired employees in the form of life insurance payable to the employee’s beneficiaries upon their death through endorsement split dollar life insurance arrangements. The Corporation’s accrued liabilities for this benefit agreement as of December 31, 2023 and 2022 which are included in other liabilities in the Corporation’s consolidated balance sheets were $62,000 and $53,000, respectively. The related (expense) income for this benefit agreement amounted to $(9,000) in 2023 and $3,000 in 2022. The expense recognized in 2023 was the result of service costs associated with the benefit agreement.
Investments in Low-Income Housing Partnerships	Investments in Low-Income Housing Partnerships The Corporation is a limited partner in real estate ventures that own and operate affordable residential low-income housing apartment buildings for elderly and mentally challenged adult residents. The investments are accounted for under the cost method. Under the cost method, the Corporation recognizes tax credits as they are allocated and amortizes the initial cost of the investment over the period that the tax credits are allocated to the Corporation. The amount of tax credits allocated to the Corporation were $484,000 and $249,000 in 2023 and 2022, respectively, and the amortization of the investments in the limited partnerships were $231,000 and $225,000 in 2023 and 2022, respectively. During 2021, the Corporation became a limited partner in a real estate venture with an initial investment of $435,000. In 2023 and 2022, capital contributions and other fees related to the project in the combined amount of $2,429,000 and $2,458,000, respectively, were made in relation to the new real estate venture. The new limited partnership began amortizing in December 2023.
Goodwill	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. During the first quarter of 2008, $152,000 of liabilities related to the Pocono acquisition were recorded as a purchase accounting adjustment resulting in an increase in the excess purchase price. The amount was comprised of the finalization of severance agreements and contract terminations related to the acquisition. In accordance with current accounting standards, goodwill is not amortized. Management performs an annual evaluation for impairment. Any impairment of goodwill results in a charge to income. The Corporation periodically assesses whether events or changes in circumstances indicate that the carrying amounts of goodwill and other intangible assets may be impaired. Goodwill is evaluated for impairment at the reporting unit level and an impairment loss is recorded to the extent that the carrying amount of goodwill exceeds its implied fair value.
Foreclosed Assets Held for Resale	Foreclosed Assets Held for Resale Real estate properties acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less cost to sell on the date of foreclosure, establishing a new cost basis. After foreclosure, valuations are periodically performed and if fair value less cost to sell declines subsequent to foreclosure, a valuation allowance is recorded through expense. Revenues derived from and costs to maintain the assets and subsequent gains and losses on sales are included in non-interest expense on the consolidated statements of income.
Income Taxes	Income Taxes The Corporation accounts for income taxes in accordance with income tax accounting guidance FASB ASC Topic 740, Income Taxes. Current income tax accounting guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of deductions over revenues. The Corporation determines deferred income taxes using the liability (or balance sheet) method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are reduced by a valuation allowance if, based on the weight of the evidence available, it is more likely than not that some portion or all of a deferred tax asset will not be realized. The Corporation accounts for uncertain tax positions if it is more likely than not, based on the technical merits, that the tax position will be realized or sustained upon examination. The term more-likely-than-not means a likelihood of more than 50%; the terms examined and upon examination also include resolution of the related appeals or litigation processes, if any. A tax position that meets the more-likely-than-not recognition threshold is initially and subsequently measured as the largest amount of tax benefit that has a greater than 50% likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, circumstances, and information available at the reporting date and is subject to management’s judgment. The Corporation recognizes interest and penalties on income taxes, if any, as a component of income tax expense in the consolidated statements of income.
Earnings Per Share	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 December 31, 2023 and 2022, 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) Year Ended ​ December 31, ​ 2023 2022 Net income $ 5,560 ​ $ 14,024 Weighted-average common shares outstanding ​ 6,054 ​ ​ 5,974 Basic and diluted earnings per share $ 0.91 ​ $ 2.35 ​
Treasury Stock	Treasury Stock The purchase of the Corporation’s common stock is recorded at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on a first-in-first-out basis.
Trust Assets And Revenues	Trust Assets and Revenues Property held by the Corporation in a fiduciary or agency capacity for its customers is not included in the accompanying consolidated financial statements since such items are not assets of the Corporation. Assets held in trust were $109,064,000 and $111,172,000 at December 31, 2023 and 2022, respectively. Trust Department income is generally recognized on a cash basis and is not materially different than if it were reported on an accrual basis (see Table 5 – Non-Interest Income for details).
Comprehensive Income (Loss)	Comprehensive Income (Loss) The Corporation is required to present accumulated other comprehensive income (loss) in a full set of general-purpose financial statements for all periods presented. Accumulated other comprehensive income (loss) is comprised of net unrealized holding (losses) gains on the debt securities available-for-sale and derivative portfolios. The Corporation has elected to report these effects on the consolidated statements of comprehensive income (loss).
Advertising Costs	Advertising Costs It is the Corporation’s policy to expense advertising costs in the period in which they are incurred.
Recent Accounting Standards Updates	Recent Accounting Standards Updates: Adopted ASUs In January of 2023, the Corporation adopted ASU No. 2016-13, Financial Instruments-Credit Losses (Topic about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. The Corporation took steps to prepare for the implementation over the ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 ​ ​ ​ As Reported Under ASU ​ Pre- ​ Impact of ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ Allowance For Credit Losses $ (7,155) $ (8,274) $ 1,119 ​ Deferred Income Taxes ​ 8,925 ​ 9,129 ​ (204) A ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ Other Liabilities ​ 9,446 ​ 9,299 ​ 147 B ​ ​ ​ ​ ​ ​ ​ ​ Equity: ​ ​ ​ ​ ​ ​ ​ Retained Earnings ​ 101,480 ​ 100,712 ​ 768 C A. Effect on deferred tax assets related to the adjustment to the allowance for credit losses and reserve for unfunded lending commitments from the adoption of ASU 2016-13 using a 21% tax rate B. Adjustment to the reserve for unfunded lending commitments related to the adoption of ASU 2016-13 C. Adjustment to undistributed profits related to the adoption of ASU 2016-13 In January of 2023, the Corporation adopted ASU No. 2022-02, Financial Instruments-Credit Losses (Topic Pending ASUs In March of 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-02, Investments Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the ​ exercise significant influence over the operating and financial policies of the underlying project, 3. substantially all of the projected benefits are from income tax credits and other income tax benefits, 4. the investor’s projected yield based solely on the cash flows from the income tax credits and other income tax benefits is positive, and 5. the investor is a In December of 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. ASU 2023-09 requires enhanced income tax disclosures related to the rate reconciliation and information related to income taxes paid. The ASU was issued to enhance transparency and decision usefulness of income tax disclosures. The standard requires: 1. consistent categories and greater disaggregation of information in the rate reconciliation, and 2. income taxes paid, net of refunds received, disaggregated by jurisdiction based on an established threshold. The amendments in this ASU will be applied on a prospective basis and retrospective application is permitted. The amendments in this update are effective for public business entities for fiscal years, and interim periods within those fiscal years beginning after December 15, 2024. Early adoption is permitted for all entities in any interim period. The Corporation is currently evaluating the provisions of ASU 2023-09 and does not expect the adoption of the standard to have a material impact on the Corporation’s financial statements. ​
Transfer of Financial Assets	Transfer of Financial Assets Transfers of financial assets are accounted for as sales when control over assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Corporation, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Corporation does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Off-Balance Sheet Financial Instruments	Off-Balance Sheet Financial Instruments In the ordinary course of business, the Corporation has entered into off-balance sheet financial instruments consisting of commitments to extend credit and letters of credit. Such financial instruments are recorded in the consolidated balance sheets when they are funded.
Reclassifications	Reclassifications Certain amounts previously reported have been reclassified, when necessary, to conform with presentations used in the 2023 consolidated financial statements. Such reclassifications have no effect on the Corporation’s net income.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of basic and diluted earnings per share	​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Year Ended ​ December 31, ​ 2023 2022 Net income $ 5,560 ​ $ 14,024 Weighted-average common shares outstanding ​ 6,054 ​ ​ 5,974 Basic and diluted earnings per share $ 0.91 ​ $ 2.35
Schedule of the effect of the adoption of the ASU	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, 2023 ​ ​ ​ As Reported Under ASU ​ Pre- ​ Impact of ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets: ​ ​ ​ ​ ​ ​ ​ Allowance For Credit Losses $ (7,155) $ (8,274) $ 1,119 ​ Deferred Income Taxes ​ 8,925 ​ 9,129 ​ (204) A ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ Other Liabilities ​ 9,446 ​ 9,299 ​ 147 B ​ ​ ​ ​ ​ ​ ​ ​ Equity: ​ ​ ​ ​ ​ ​ ​ Retained Earnings ​ 101,480 ​ 100,712 ​ 768 C A. Effect on deferred tax assets related to the adjustment to the allowance for credit losses and reserve for unfunded lending commitments from the adoption of ASU 2016-13 using a 21% tax rate B. Adjustment to the reserve for unfunded lending commitments related to the adoption of ASU 2016-13 C. Adjustment to undistributed profits related to the adoption of ASU 2016-13

SECURITIES (Tables)

SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2023
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 December 31, 2023: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,881 ​ $ — ​ $ (840) ​ $ 7,041 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 152,510 ​ ​ — ​ ​ (14,518) ​ ​ 137,992 Other ​ 7,560 ​ 126 ​ (54) ​ 7,632 Other mortgage backed securities ​ 36,623 ​ 168 ​ (2,741) ​ 34,050 Obligations of state and political subdivisions ​ 97,899 ​ 18 ​ (10,214) ​ 87,703 Asset-backed securities ​ 82,852 ​ 150 ​ (840) ​ 82,162 Corporate debt securities ​ 40,647 ​ 74 ​ (4,333) ​ 36,388 Total ​ $ 425,972 ​ $ 536 ​ $ (33,540) ​ $ 392,968 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2022: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,853 ​ $ — ​ $ (1,052) ​ $ 6,801 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 146,707 ​ ​ — ​ ​ (15,032) ​ ​ 131,675 Other ​ 10,992 ​ 233 ​ (45) ​ 11,180 Other mortgage backed securities ​ 36,767 ​ — ​ (3,079) ​ 33,688 Obligations of state and political subdivisions ​ 125,176 ​ 266 ​ (14,753) ​ 110,689 Asset-backed securities ​ 37,526 ​ — ​ (1,108) ​ 36,418 Corporate debt securities ​ 45,838 ​ 183 ​ (3,028) ​ 42,993 Total ​ $ 410,859 ​ $ 682 ​ $ (38,097) ​ $ 373,444
Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Available-for-Sale ​ Amortized ​ ​ ​ ​ Cost ​ Fair Value 1 year or less ​ $ 9,283 ​ $ 9,282 Over 1 year through 5 years ​ 27,963 ​ 26,457 Over 5 years through 10 years ​ 66,364 ​ 58,915 Over 10 years ​ 133,230 ​ 126,272 Mortgage-backed securities ​ 189,132 ​ 172,042 Total ​ $ 425,972 ​ $ 392,968
Schedule of Holdings Of Securities From Issuers In Excess Of Ten Percent Of Consolidated Stockholders Equity	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ Fair December 31, 2023: ​ Value Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 25,737 ​ Nelnet Student Loan Trust ​ 15,486 ​ Navient Student Loan Trust ​ ​ 13,179 ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ Fair ​ December 31, 2022: ​ Value ​ Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 17,362 ​
Schedule of unrealized losses and fair value of the corporations debt securities	December 31, 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ $ — ​ $ — ​ $ 7,041 ​ $ (840) ​ $ 7,041 ​ $ (840) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 23,103 ​ ​ (242) ​ ​ 102,608 ​ ​ (14,276) ​ ​ 125,711 ​ ​ (14,518) Other ​ — ​ ​ — ​ ​ 3,029 ​ ​ (54) ​ 3,029 ​ (54) Other mortgage-backed debt securities ​ 1,568 ​ ​ (1) ​ ​ 25,042 ​ ​ (2,740) ​ 26,610 ​ (2,741) Obligations of state and political subdivisions ​ — ​ ​ — ​ ​ 82,113 ​ ​ (10,214) ​ 82,113 ​ (10,214) Asset-backed securities ​ 52,862 ​ ​ (342) ​ ​ 12,726 ​ ​ (498) ​ 65,588 ​ (840) Corporate debt securities ​ 2,813 ​ ​ (270) ​ ​ 30,501 ​ ​ (4,063) ​ 33,314 ​ (4,333) Total ​ $ 80,346 ​ $ (855) ​ $ 263,060 ​ $ (32,685) ​ $ 343,406 ​ $ (33,540) ​ December 31, 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 ​ $ — ​ $ — ​ $ 6,801 ​ $ (1,052) ​ $ 6,801 ​ $ (1,052) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 61,067 ​ ​ (2,184) ​ ​ 65,174 ​ ​ (12,848) ​ ​ 126,241 ​ ​ (15,032) Other ​ 1,589 ​ ​ (2) ​ ​ 3,168 ​ ​ (43) ​ 4,757 ​ (45) Other mortgage-backed debt securities ​ 16,167 ​ ​ (962) ​ ​ 17,521 ​ ​ (2,117) ​ 33,688 ​ (3,079) Obligations of state and political subdivisions ​ 56,565 ​ ​ (5,881) ​ ​ 35,704 ​ ​ (8,872) ​ 92,269 ​ (14,753) Asset-backed securities ​ 24,136 ​ ​ (405) ​ ​ 12,282 ​ ​ (703) ​ 36,418 ​ (1,108) Corporate debt securities ​ 15,827 ​ ​ (1,073) ​ ​ 18,345 ​ ​ (1,955) ​ 34,172 ​ (3,028) Total ​ $ 175,351 ​ $ (10,507) ​ $ 158,995 ​ $ (27,590) ​ $ 334,346 ​ $ (38,097)
Schedule of realized gains and losses recognized in net income on equity securities	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 Net losses from market value fluctuations recognized during the period on equity securities ​ $ (217) ​ $ (93) Less: Net gains recognized during the period on equity securities sold during the period ​ — ​ 27 Net losses recognized during the reporting period on equity securities still held at the reporting date ​ $ (217) ​ $ (120)

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	12 Months Ended
	Dec. 31, 2023
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of classes of the loan portfolio summarized by risk rating	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 110,819 $ 186,729 $ 132,724 $ 110,038 $ 54,543 $ 192,686 $ 787,539 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ 86 ​ 587 ​ 3,661 ​ 9,452 ​ 9,598 ​ 23,384 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 130 ​ 176 ​ 153 ​ 116 ​ (13) ​ 8 ​ 570 Total Real Estate Loans $ 110,949 $ 186,991 $ 133,464 $ 113,815 $ 63,982 $ 202,292 $ 811,493 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agricultural: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ — $ 59 $ — $ — $ — $ 611 $ 670 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ — ​ 1 ​ — ​ — ​ — ​ — ​ 1 Total Agricultural Loans $ — $ 60 $ — $ — $ — $ 611 $ 671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 12,672 $ 10,186 $ 5,776 $ 7,439 $ 6,833 $ 22,927 $ 65,833 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ 650 ​ 650 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 95 ​ 83 ​ 24 ​ 17 ​ 208 ​ (1) ​ 426 Total Commercial and Industrial Loans $ 12,767 $ 10,269 $ 5,800 $ 7,456 $ 7,041 $ 23,576 $ 66,909 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 2,415 $ 1,238 $ 926 $ 206 $ 110 $ 802 $ 5,697 7 Special Mention ​ 58 ​ — ​ — ​ — ​ — ​ — ​ 58 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 38 ​ 20 ​ 8 ​ 2 ​ 1 ​ — ​ 69 Total Consumer Loans $ 2,511 $ 1,258 $ 934 $ 208 $ 111 $ 802 $ 5,824 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Political Subdivisions: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 731 $ 4,095 $ 14,139 $ 1,905 $ — $ 5,303 $ 26,173 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 2 ​ 1 ​ 4 ​ 1 ​ — ​ — ​ 8 Total State and Political Subdivision Loans $ 733 $ 4,096 $ 14,143 $ 1,906 $ — $ 5,303 $ 26,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans: ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total 1-6 Pass $ 126,637 $ 202,307 $ 153,565 $ 119,588 $ 61,486 $ 222,329 $ 885,912 7 Special Mention ​ 58 ​ — ​ — ​ — ​ — ​ — ​ 58 8 Substandard ​ — ​ 86 ​ 587 ​ 3,661 ​ 9,452 ​ 10,248 ​ 24,034 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 265 ​ 281 ​ 189 ​ 136 ​ 196 ​ 7 ​ 1,074 Total Loans $ 126,960 $ 202,674 $ 154,341 $ 123,385 $ 71,134 $ 232,584 $ 911,078 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ 2019 ​ Prior ​ Total Gross Charge Offs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate $ — $ — $ — $ — $ — $ — $ — Agricultural ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial and Industrial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ 2 ​ 23 ​ 13 ​ 2 ​ 4 ​ 13 ​ 57 State and Political Subdivisions ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Gross Charge Offs $ 2 $ 23 $ 13 $ 2 $ 4 $ 13 $ 57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ Commercial Real Estate ​ ​ December 31, ​ December 31, ​ ​ 2022 2022 Grade: ​ ​ 1-6 Pass ​ $ 85,845 ​ $ 591,309 7 Special Mention ​ — ​ 634 8 Substandard ​ 725 ​ 18,781 9 Doubtful ​ — ​ — Add (deduct): Unearned discount ​ — ​ — Net deferred loan fees and costs ​ 429 ​ 825 Total loans ​ $ 86,999 ​ $ 611,549 ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential Real Estate Including Home Equity ​ Consumer ​ ​ December 31, ​ December 31, ​ ​ 2022 2022 Grade: ​ ​ 1-6 Pass ​ $ 153,902 ​ $ 5,349 7 Special Mention ​ — ​ — 8 Substandard ​ 795 ​ — 9 Doubtful ​ — ​ — Add (deduct): Unearned discount ​ — ​ — Net deferred loan fees and costs ​ (191) ​ 66 Total loans ​ $ 154,506 ​ $ 5,415 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans ​ ​ ​ December 31, ​ ​ 2022 Grade: ​ ​ ​ ​ 1-6 Pass ​ ​ ​ ​ $ 836,405 7 Special Mention ​ ​ ​ ​ 634 8 Substandard ​ ​ ​ ​ 20,301 9 Doubtful ​ ​ ​ ​ — Add (deduct): Unearned discount ​ ​ ​ ​ — Net deferred loan fees and costs ​ ​ ​ ​ 1,129 Total loans ​ ​ ​ ​ $ 858,469
Loans individually or collectively evaluated for their impairment and related allowance, by loan class	The activity in the allowance for credit losses by loan class (post adoption of ASU No. 2016-13), is summarized below for the year ended December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ State and ​ ​ ​ Real ​ ​ ​ Commercial ​ ​ ​ Political ​ ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the year ended December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2022 $ 7,483 ​ $ 6 ​ $ 504 ​ $ 84 ​ $ 197 ​ $ 8,274 CECL adoption adjustment ​ (717) ​ ​ (4) ​ ​ (261) ​ ​ 11 ​ ​ (148) ​ ​ (1,119) Beginning balance January 1, 2023 ​ 6,766 ​ ​ 2 ​ ​ 243 ​ ​ 95 ​ ​ 49 ​ ​ 7,155 Charge-offs — ​ — ​ — ​ (57) ​ — ​ (57) Recoveries 37 ​ — ​ 2 ​ 5 ​ — ​ 44 (Credit) Provision (264) ​ (1) ​ 20 ​ 35 ​ (7) ​ (217) Ending Balance $ 6,539 ​ $ 1 ​ $ 265 ​ $ 78 ​ $ 42 ​ $ 6,925 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 6,539 ​ $ 1 ​ $ 265 ​ $ 78 ​ $ 42 ​ $ 6,925 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserve for Unfunded Lending Commitments $ 140 ​ $ — ​ $ 25 ​ $ — ​ $ 1 ​ $ 166 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 811,493 ​ $ 671 ​ $ 66,909 ​ $ 5,824 ​ $ 26,181 ​ $ 911,078 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 4,005 ​ $ 309 ​ $ 611 ​ $ — ​ $ — ​ $ 4,925 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 807,488 ​ $ 362 ​ $ 66,298 ​ $ 5,824 ​ $ 26,181 ​ $ 906,153 ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ 2023 Balance at December 31, 2022 ​ $ 68 CECL adoption adjustment ​ ​ 147 Credit for credit losses on unfunded commitments ​ ​ (49) Balance at December 31, 2023 $ 166 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Unpaid ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ ​ Principal ​ Principal ​ Total ​ ​ ​ ​ ​ With ​ With No ​ Total ​ ​ Balance With ​ Balance With ​ Unpaid ​ ​ ​ ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ No Related ​ Principal ​ ​ Related ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Balance ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ — ​ $ 4,005 ​ $ 4,005 ​ ​ $ — ​ $ 5,994 ​ $ 5,994 ​ ​ $ — Agricultural ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — Total ​ $ — ​ $ 4,925 ​ $ 4,925 ​ ​ $ — ​ $ 6,914 ​ $ 6,914 ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2023 ​ ​ Average ​ Average ​ ​ ​ ​ Interest ​ Interest ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Income ​ Income ​ ​ ​ ​ ​ Investment ​ Investment ​ Total ​ ​ Recognized ​ Recognized ​ Total ​ ​ With ​ With No ​ Average ​ ​ With ​ With No ​ Interest ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ Related ​ Income ​ ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ — ​ $ 4,380 ​ $ 4,380 ​ ​ $ — ​ $ — ​ $ — ​ Agricultural ​ ​ — ​ ​ 309 ​ ​ 309 ​ ​ ​ — ​ ​ 24 ​ ​ 24 ​ Commercial and Industrial ​ ​ — ​ ​ 643 ​ ​ 643 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 5,332 ​ $ 5,332 ​ ​ $ — ​ $ 24 ​ $ 24 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Commercial Commercial Residential ​ ​ ​ ​ ​ ​ ​ and Industrial ​ Real Estate ​ Real Estate ​ Consumer ​ Unallocated ​ Total As of and for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 681 ​ $ 5,408 ​ $ 1,539 ​ $ 84 ​ $ 968 ​ $ 8,680 Charge-offs (158) ​ (3) ​ (12) ​ (33) ​ — ​ (206) Recoveries 3 ​ 40 ​ 16 ​ 5 ​ — ​ 64 Provision (Credit) 178 ​ 487 ​ 14 ​ 25 ​ (968) ​ (264) Ending Balance $ 704 ​ $ 5,932 ​ $ 1,557 ​ $ 81 ​ $ — ​ $ 8,274 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 704 ​ $ 5,932 ​ $ 1,557 ​ $ 81 ​ $ — ​ $ 8,274 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ Ending Balance $ 86,999 ​ $ 611,549 ​ $ 154,506 ​ $ 5,415 ​ $ — ​ $ 858,469 Ending balance: individually ​ ​ ​ ​ ​ evaluated for impairment $ 973 ​ $ 9,495 ​ $ 739 ​ $ — ​ $ — ​ $ 11,207 Ending balance: collectively ​ ​ ​ ​ ​ evaluated for impairment $ 86,026 ​ $ 602,054 ​ $ 153,767 ​ $ 5,415 ​ $ — ​ $ 847,262
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) ​ ​ December 31, 2022 ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Unpaid ​ Unpaid ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ ​ Principal ​ Principal ​ Total ​ ​ ​ ​ ​ With ​ With No ​ Total ​ ​ Balance With ​ Balance With ​ Unpaid ​ ​ ​ ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ No Related ​ Principal ​ ​ Related ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Balance ​ ​ Allowance ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ 973 ​ $ 973 ​ ​ $ — ​ $ 973 ​ $ 973 ​ ​ $ — Commercial Real Estate ​ ​ — ​ ​ 9,495 ​ ​ 9,495 ​ ​ ​ — ​ ​ 12,430 ​ ​ 12,430 ​ ​ ​ — Residential Real Estate ​ ​ — ​ ​ 739 ​ ​ 739 ​ ​ ​ — ​ ​ 771 ​ ​ 771 ​ ​ ​ — Total ​ $ — ​ $ 11,207 ​ $ 11,207 ​ ​ $ — ​ $ 14,174 ​ $ 14,174 ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2022 ​ ​ Average ​ Average ​ ​ ​ ​ Interest ​ Interest ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ Income ​ Income ​ ​ ​ ​ ​ Investment ​ Investment ​ Total ​ ​ Recognized ​ Recognized ​ Total ​ ​ With ​ With No ​ Average ​ ​ With ​ With No ​ Interest ​ ​ ​ Related ​ Related ​ Recorded ​ ​ Related ​ Related ​ Income ​ ​ ​ Allowance ​ Allowance ​ Investment ​ ​ Allowance ​ Allowance ​ Recognized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ 992 ​ $ 992 ​ ​ $ — ​ $ 14 ​ $ 14 ​ Commercial Real Estate ​ ​ — ​ ​ 10,741 ​ ​ 10,741 ​ ​ ​ — ​ ​ 294 ​ ​ 294 ​ Residential Real Estate ​ ​ — ​ ​ 841 ​ ​ 841 ​ ​ ​ — ​ ​ 1 ​ ​ 1 ​ Total ​ $ — ​ $ 12,574 ​ $ 12,574 ​ ​ $ — ​ $ 309 ​ $ 309 ​
Schedule of financial receivables that are collateral-dependent loans	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ Real Estate Other Real Estate ​ $ 4,005 ​ $ — Agricultural ​ ​ — ​ ​ 309 Commercial and Industrial ​ ​ — ​ ​ 611 Total ​ $ 4,005 ​ $ 920
Schedule of total non-performing assets	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 2022 Real Estate ​ $ 4,005 ​ $ 4,387 Agricultural ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 611 ​ ​ 664 Consumer ​ — ​ ​ — State and Political Subdivisions ​ — ​ — Total non-accrual loans ​ 4,616 ​ 5,051 Foreclosed assets held for resale ​ — ​ — Loans past-due 90 days or more and still accruing interest ​ 1,065 ​ 308 Total non-performing assets ​ $ 5,681 ​ $ 5,359
Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status	The following tables present the classes of the loan portfolio summarized by the past-due status at December 31, 2023 and 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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, 2023: ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ 2,155 ​ $ 379 ​ $ 5,069 ​ $ 7,603 ​ $ 803,890 ​ $ 811,493 ​ $ 1,065 Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 671 ​ ​ 671 ​ ​ — Commercial and Industrial ​ ​ 6 ​ ​ — ​ ​ 591 ​ ​ 597 ​ ​ 66,312 ​ ​ 66,909 ​ ​ — Consumer ​ 21 ​ 4 ​ — ​ 25 ​ 5,799 ​ 5,824 ​ — State and Political Subdivisions ​ — ​ — ​ — ​ — ​ 26,181 ​ 26,181 ​ — Total ​ $ 2,182 ​ $ 383 ​ $ 5,660 ​ $ 8,225 ​ $ 902,853 ​ $ 911,078 ​ $ 1,065 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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, 2022: ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ 2,682 ​ $ 59 ​ $ 4,694 ​ $ 7,435 ​ $ 757,445 ​ $ 764,880 ​ $ 308 Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 860 ​ ​ 860 ​ ​ — Commercial and Industrial ​ ​ 61 ​ ​ 63 ​ ​ 640 ​ ​ 764 ​ ​ 55,313 ​ ​ 56,077 ​ ​ — Consumer ​ 11 ​ 2 ​ — ​ 13 ​ 5,694 ​ 5,707 ​ — State and Political Subdivisions ​ — ​ — ​ — ​ — ​ 30,945 ​ 30,945 ​ — Total ​ $ 2,754 ​ $ 124 ​ $ 5,334 ​ $ 8,212 ​ $ 850,257 ​ $ 858,469 ​ $ 308
Schedule of the outstanding recorded investment of TDRs	​ ​ ​ ​ ​ (Dollars in thousands) December 31, ​ ​ 2022 Non-accrual TDRs ​ $ 1,324 Accruing TDRs ​ 6,156 Total ​ $ 7,480
Schedule of the loan modifications categorized as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Year Ended December 31, 2022 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Commercial Real Estate ​ 2 ​ $ 481 ​ $ 515 ​ $ 501 Total ​ 2 ​ $ 481 ​ $ 515 ​ $ 501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of loan modifications made for loans categorized as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Commercial Real Estate ​ — ​ — ​ 2 ​ 2 Total ​ — ​ — ​ 2 ​ 2 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PREMISES AND EQUIPMENT, NET (Ta

PREMISES AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2023
PREMISES AND EQUIPMENT, NET
Schedule of Premises and equipment, net	Premises and equipment, net at December 31, 2023 and 2022 is as follows: (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Useful ​ ​ ​ ​ ​ ​ Life (in years) ​ 2023 ​ 2022 Land N/A $ 3,744 ​ $ 3,744 Buildings 5-40 ​ 23,197 ​ 22,114 Leasehold improvements 1-20 ​ 338 ​ 335 Equipment 3-25 ​ 8,352 ​ 7,937 ​ ​ 35,631 ​ 34,130 Less: Accumulated depreciation ​ 16,020 ​ 15,106 Total ​ $ 19,611 ​ $ 19,024

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Dec. 31, 2023
DEPOSITS
Schedule of major classifications of deposits	Major classifications of deposits at December 31, 2023 and 2022 consisted of: ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, ​ December 31, ​ ​ 2023 2022 Non-interest bearing demand $ 198,569 ​ $ 231,754 Interest bearing demand ​ 275,472 ​ 335,559 Savings ​ 212,280 ​ 260,086 Time certificates of deposits less than $250,000 ​ 259,841 ​ 151,575 Time certificates of deposits $250,000 or greater ​ 33,185 ​ 13,400 Other time ​ 1,092 ​ 1,125 Total deposits ​ $ 980,439 ​ $ 993,499
Schedule of classification and remaining maturities of time deposits	The following is a schedule reflecting classification and remaining maturities of time deposits at December 31, 2023: (Dollars in thousands) ​ ​ ​ ​ Year Ending ​ ​ 2024 ​ $ 210,589 2025 ​ 27,592 2026 ​ 28,108 2027 ​ 3,020 2028 ​ 19,309 Thereafter ​ 5,500 Total time deposits ​ $ 294,118 ​

SHORT-TERM BORROWINGS (Tables)

SHORT-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
SHORT-TERM BORROWINGS.
Schedule of Short-term borrowings and weighted-average interest rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ 6.57 % ​ $ — — % Securities sold under agreements to repurchase ​ 19,708 ​ 3.28 % ​ 20,368 0.84 % ​ Federal Discount Window ​ 1 ​ 4.99 % ​ — 2.78 % ​ Federal Home Loan Bank of Pittsburgh ​ 133,759 ​ 5.45 % ​ 133,050 2.82 % ​ Total ​ $ 153,468 ​ 5.21 % ​ $ 153,418 2.21 % ​
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 December 31, 2023 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 19,708 ​ $ — ​ $ 19,708 ​ $ (19,708) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 20,368 ​ $ — ​ $ 20,368 ​ $ (20,368) ​ $ — ​ $ — (a) As of December 31, 2023 and 2022, the fair value of securities pledged in connection with repurchase agreements was $28,902,000 and $34,160,000 , 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 December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 19,708 ​ $ — ​ $ — ​ $ — ​ $ 19,708 Total ​ $ 19,708 ​ $ — ​ $ — ​ $ — ​ $ 19,708 ​

LONG-TERM BORROWINGS (Tables)

LONG-TERM BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2023
LONG-TERM BORROWINGS
Schedule of long-term borrowings by maturity	(Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Due 2023, 2.96% ​ $ — ​ $ 3,000 Due 2024, 1.68% ​ 20,000 ​ 20,000 Due 2026, 4.62% to 4.92% ​ 60,000 ​ — Due 2028, 4.46% to 5.14% ​ ​ 42,000 ​ ​ 2,000 Total long-term borrowings ​ $ 122,000 ​ $ 25,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2023
INCOME TAXES
Schedule of current and deferred components of the income tax expense	(Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Federal ​ ​ Current ​ $ 431 ​ $ 2,180 Deferred ​ 253 ​ 114 Income tax expense ​ $ 684 ​ $ 2,294
Schedule of reconciliation between the income tax expense and the amount of income taxes	(Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 ​ 2022 ​ Amount Rate Amount Rate Federal income tax at statutory rate ​ $ 1,311 21.0 % $ 3,427 21.0 % Tax-exempt income ​ (106) (1.7) ​ (749) (4.6) ​ Low-income housing credits ​ (484) (7.7) ​ (249) (1.5) ​ Bank owned life insurance income ​ (130) (2.1) ​ (125) (0.7) ​ Prior year tax adjustments ​ ​ 82 ​ 1.3 ​ ​ — ​ — ​ Other ​ 11 0.2 ​ (10) (0.1) ​ Income tax expense and rate ​ $ 684 11.0 % $ 2,294 14.1 %
Schedule of components of the net deferred tax asset	(Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Deferred Tax Assets: ​ ​ Net unrealized losses on debt securities available-for-sale and derivatives ​ $ 7,880 ​ $ 7,857 Allowance for loan losses ​ ​ 1,454 ​ ​ 1,738 Provision for unfunded commitments ​ 35 ​ 14 Deferred compensation ​ 218 ​ 238 Contributions ​ 4 ​ 6 Accrued rent expense ​ ​ 106 ​ ​ 103 Operating lease liabilities ​ ​ 415 ​ ​ 426 Finance lease liabilities ​ ​ — ​ ​ 1 Limited partnership investments ​ 322 ​ 313 Impairment loss on securities ​ 4 ​ 4 Deferred health insurance ​ ​ 53 ​ ​ 48 Capital and net operating loss carry forwards ​ 285 ​ 258 Valuation allowance related to state net operating losses ​ ​ (285) ​ ​ (258) Total ​ 10,491 ​ 10,748 Deferred Tax Liabilities: ​ ​ Loan fees and costs ​ 225 ​ 237 Net unrealized gains on marketable equity securities ​ ​ 231 ​ ​ 319 Operating lease right-of-use assets ​ ​ 415 ​ ​ 426 Accumulated depreciation ​ 438 ​ 287 Accretion ​ 172 ​ 36 Mortgage servicing rights ​ 58 ​ 57 Intangibles ​ 257 ​ 257 Total ​ 1,796 ​ 1,619 Net Deferred Tax Asset ​ $ 8,695 ​ $ 9,129

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
Schedule of weighted-average term and discount rates for operating and finance leases	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ ​ December 31, ​ December 31, ​ ​ December 31, ​ ​ 2023 ​ ​ 2022 ​ ​ 2023 ​ ​ 2022 ​ ​ ​ Operating Operating ​ ​ Finance Finance ​ Weighted-average term (years) 19.75 ​ 20.56 ​ ​ - ​ 0.67 ​ Weighted-average discount rate 4.22% ​ 4.23% ​ ​ -% ​ 0.68% ​
Schedule of maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ 2023 2022 2023 2022 Minimum Lease Payments due: ​ Operating ​ Operating ​ Finance ​ Finance Within one year ​ $ 175 ​ $ 175 ​ $ — ​ $ 7 After one but within two years ​ 140 ​ 140 ​ — ​ — After two but within three years ​ 140 ​ 140 ​ — ​ — After three but within four years ​ 154 ​ 140 ​ — ​ — After four but within five years ​ 157 ​ 154 ​ — ​ — After five years ​ 2,317 ​ 2,474 ​ — ​ — Total undiscounted cash flows ​ 3,083 ​ 3,223 ​ — ​ 7 Discount on cash flows ​ (1,107) ​ (1,194) ​ — ​ (1) Total lease liability ​ $ 1,976 ​ $ 2,029 ​ $ — ​ $ 6 ​
Schedule of maturity analysis of finance lease liabilities and reconciliation of the undiscounted cash flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ December 31, ​ December 31, ​ 2023 2022 2023 2022 Minimum Lease Payments due: ​ Operating ​ Operating ​ Finance ​ Finance Within one year ​ $ 175 ​ $ 175 ​ $ — ​ $ 7 After one but within two years ​ 140 ​ 140 ​ — ​ — After two but within three years ​ 140 ​ 140 ​ — ​ — After three but within four years ​ 154 ​ 140 ​ — ​ — After four but within five years ​ 157 ​ 154 ​ — ​ — After five years ​ 2,317 ​ 2,474 ​ — ​ — Total undiscounted cash flows ​ 3,083 ​ 3,223 ​ — ​ 7 Discount on cash flows ​ (1,107) ​ (1,194) ​ — ​ (1) Total lease liability ​ $ 1,976 ​ $ 2,029 ​ $ — ​ $ 6 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)	12 Months Ended
	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of fair value of the Company's derivative financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2023 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ 4,501 Total ​ ​ ​ $ — ​ ​ ​ ​ $ 4,501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, 2022 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ — Total ​ ​ ​ $ — ​ ​ ​ ​ $ —
Schedule of derivative liabilities subject to an enforceable master netting arrangement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Net Amounts ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amounts ​ of Liabilities ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Offset ​ Presented ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ in the ​ in the ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Amounts of ​ Consolidated ​ Consolidated ​ ​ ​ ​ Cash ​ ​ ​ ​ ​ Recognized ​ Balance ​ Balance ​ Financial ​ Collateral ​ Net ​ ​ Liabilities ​ Sheet ​ Sheet ​ Instruments ​ Pledge ​ Amount December 31, 2023 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 4,501 ​ $ — ​ $ 4,501 ​ $ — ​ $ (4,501) ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ —
Schedule of the remaining contractual maturity of the master netting arrangements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Remaining Contractual Maturity of the Agreements ​ ​ ​ ​ ​ ​ ​ ​ ​ Greater ​ ​ ​ (Dollars in thousands) ​ Up to ​ 1 to 3 ​ 3 to 5 ​ than ​ ​ ​ ​ ​ 1 Year ​ Years ​ Years ​ 5 Years ​ Total December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ 4,501 ​ $ — ​ $ 4,501 Total ​ $ — ​ $ — ​ $ 4,501 ​ $ — ​ $ 4,501
Schedule of cumulative amount of fair value hedging adjustment included carrying amount of hedged assets	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 ​ 2022 Carrying amount of hedged assets: ​ Closed Portfolio Amount ​ Closed Portfolio Amount Available-for-sale - Municipals $ 50,964 $ — Available-for-sale - MBS ​ 35,806 ​ — Total $ 86,770 $ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 50,000 $ —
Schedule of cumulative amount of fair value hedging adjustment included carrying amount of assets	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ December 31, ​ 2023 ​ 2022 Cumulative amount of fair value hedging adjustment included in the carrying amount of assets: ​ ​ ​ ​ Available-for-sale - Municipals $ (1,230) $ — Available-for-sale - MBS ​ (407) ​ — Total $ (1,637) $ —
Schedule of pre-tax effects of the Company's derivative instruments designated as fair value hedges	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ 2023 ​ 2022 Amount of loss recognized in other comprehensive loss $ (1,637) $ — Amount of gain, net of fair value re-measurements, included in interest income ​ 168 ​ —
Schedule of pre-tax effects of the Company's derivative instruments designated as cash flow hedges	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ December 31, ​ 2023 ​ 2022 Amount of loss recognized in other comprehensive loss $ (2,885) $ — Amount of gain reclassified from accumulated other comprehensive loss to interest expense ​ 274 ​ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 100,000 $ —

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2023
RELATED PARTY TRANSACTIONS
Schedule of of the activity on the related party loans	(Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ 2023 2022 Balance at January 1 $ 9,647 ​ $ 11,184 Additions ​ 909 ​ 3,645 Deductions ​ (1,358) ​ (5,182) Balance at December 31 ​ $ 9,198 ​ $ 9,647

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	12 Months Ended
	Dec. 31, 2023
REGULATORY MATTERS
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Minimum Capital ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Adequacy with ​ ​ Under Prompt Corrective ​ ​ Actual ​ ​ Purposes ​ ​ Capital Buffer ​ ​ Action Provisions ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio As of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ $ 151,381 15.68 % ​ $ 77,247 8.00 % ​ $ 101,386 10.50 % ​ $ 96,558 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 144,290 14.94 % ​ $ 57,935 6.00 % ​ $ 82,074 8.50 % ​ $ 77,247 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) ​ $ 144,290 14.94 % ​ $ 43,451 4.50 % ​ $ 67,591 7.00 % ​ $ 62,763 6.50 % Tier 1 Capital (to Average Assets) ​ $ 144,290 10.38 % ​ $ 55,615 4.00 % ​ $ 55,615 4.00 % ​ $ 69,518 5.00 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ For Capital ​ ​ Minimum Capital ​ ​ To Be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ Adequacy ​ ​ Adequacy with ​ ​ Under Prompt Corrective ​ ​ Actual ​ ​ Purposes ​ ​ Capital Buffer ​ ​ Action Provisions ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio ​ Amount Ratio As of December 31, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Total Capital (to Risk-Weighted Assets) ​ $ 148,223 16.15 % ​ $ 73,429 8.00 % ​ $ 96,375 10.50 % ​ $ 91,786 10.00 % Tier 1 Capital (to Risk-Weighted Assets) ​ $ 139,881 15.24 % ​ $ 55,071 6.00 % ​ $ 78,018 8.50 % ​ $ 73,429 8.00 % Common Equity Tier 1 Capital (to Risk-Weighted Assets) ​ $ 139,881 15.24 % ​ $ 41,304 4.50 % ​ $ 64,250 7.00 % ​ $ 59,661 6.50 % Tier 1 Capital (to Average Assets) ​ $ 139,881 10.38 % ​ $ 53,908 4.00 % ​ $ 53,908 4.00 % ​ $ 67,385 5.00 %

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Tables)	12 Months Ended
	Dec. 31, 2023
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) ​ ​ ​ ​ ​ ​ ​ December 31, 2023 December 31, 2022 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 116,954 ​ $ 121,938 ​ Financial standby letters of credit ​ $ 2,120 ​ $ 2,124 ​ Performance standby letters of credit ​ $ 3,688 ​ $ 3,472 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2023
FAIR VALUE MEASUREMENTS
Schedule of securities measured at fair value on a recurring basis	At December 31, 2023 and 2022, securities measured at fair value on a recurring basis and the valuation methods used are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,041 ​ $ — ​ $ — ​ $ 7,041 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 137,992 ​ ​ — ​ ​ 137,992 Other ​ — ​ 7,632 ​ — ​ 7,632 Other mortgage backed debt securities ​ — ​ 34,050 ​ — ​ 34,050 Obligations of state and political subdivisions ​ — ​ 87,703 ​ — ​ 87,703 Asset-backed securities ​ — ​ 82,162 ​ — ​ 82,162 Corporate debt securities ​ — ​ 36,388 ​ — ​ 36,388 Total debt securities available-for-sale ​ 7,041 ​ 385,927 ​ — ​ 392,968 Marketable equity securities ​ 1,482 ​ — ​ — ​ 1,482 Total recurring fair value measurements ​ $ 8,523 ​ $ 385,927 ​ $ — ​ $ 394,450 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 6,801 ​ $ — ​ $ — ​ $ 6,801 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 131,675 ​ ​ — ​ ​ 131,675 Other ​ — ​ 11,180 ​ — ​ 11,180 Other mortgage backed debt securities ​ — ​ 33,688 ​ — ​ 33,688 Obligations of state and political subdivisions ​ — ​ 110,689 ​ — ​ 110,689 Asset-backed securities ​ — ​ 36,418 ​ — ​ 36,418 Corporate debt securities ​ — ​ 42,993 ​ — ​ 42,993 Total debt securities available-for-sale ​ 6,801 ​ 366,643 ​ — ​ 373,444 Marketable equity securities ​ 1,699 ​ — ​ — ​ 1,699 Total recurring fair value measurements ​ $ 8,500 ​ $ 366,643 ​ $ — ​ $ 375,143
Schedule of individually evaluated loans measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2023 ​ ​ ​ ​ Individually evaluated loans: ​ ​ ​ ​ Real Estate ​ $ — ​ $ — ​ $ 1,990 ​ $ 1,990 Total individually evaluated loans ​ $ — ​ $ — ​ $ 1,990 ​ $ 1,990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at December 31, 2022 ​ ​ ​ ​ Impaired loans: ​ ​ ​ ​ Commercial Real Estate ​ $ — ​ $ — ​ $ 5,167 ​ $ 5,167 Residential Real Estate ​ — ​ — ​ 30 ​ 30 Total impaired loans ​ $ — ​ $ — ​ $ 5,197 ​ $ 5,197
Schedule of fair value measurement inputs and valuation techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Post-ASU No. 2016-13 Adoption: ​ Fair Value ​ ​ ​ ​ ​ ​ ​ Weighted December 31, 2023 Estimate Valuation Technique Unobservable Input Range Average Individually evaluated loans - collateral dependent ​ $ 1,990 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (5%) – (5%) (5%) ​ ​ Pre-ASU No. 2016-13 Adoption: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Impaired loans - collateral dependent ​ $ 2,370 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (0%) – (5%) (5%) Impaired loans - other ​ $ 2,827 Discounted cash flow Discount rate (4%) – (7%) (6%) 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 December 31, 2023 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,462 ​ $ 9,462 ​ $ — ​ $ — ​ $ 9,462 Interest-bearing deposits in other banks ​ 7,551 ​ — ​ 7,551 ​ — ​ 7,551 Restricted investment in bank stocks ​ 10,885 ​ — ​ 10,885 ​ — ​ 10,885 Net loans ​ 904,153 ​ — ​ — ​ 885,840 ​ 885,840 Mortgage servicing rights ​ 265 ​ — ​ — ​ 265 ​ 265 Accrued interest receivable ​ 5,201 ​ — ​ 5,201 ​ — ​ 5,201 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 686,321 ​ — ​ 686,321 ​ — ​ 686,321 Time deposits ​ 294,118 ​ — ​ 292,073 ​ — ​ 292,073 Short-term borrowings ​ 153,468 ​ — ​ 153,509 ​ — ​ 153,509 Long-term borrowings ​ 122,000 ​ — ​ 125,343 ​ — ​ 125,343 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 22,762 ​ ​ — ​ ​ 22,762 Accrued interest payable ​ 2,823 ​ — ​ 2,823 ​ — ​ 2,823 Derivative Liabilities ​ 4,501 ​ — ​ 4,501 ​ — ​ 4,501 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Carrying ​ Fair Value Measurements at December 31, 2022 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 9,441 ​ $ 9,441 ​ $ — ​ $ — ​ $ 9,441 Interest-bearing deposits in other banks ​ 1,297 ​ — ​ 1,297 ​ — ​ 1,297 Restricted investment in bank stocks ​ 7,136 ​ — ​ 7,136 ​ — ​ 7,136 Net loans ​ 850,195 ​ — ​ — ​ 810,104 ​ 810,104 Mortgage servicing rights ​ 319 ​ — ​ — ​ 319 ​ 319 Accrued interest receivable ​ 4,391 ​ — ​ 4,391 ​ — ​ 4,391 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 827,399 ​ — ​ 827,399 ​ — ​ 827,399 Time deposits ​ 166,100 ​ — ​ 160,472 ​ — ​ 160,472 Short-term borrowings ​ 153,418 ​ — ​ 153,209 ​ — ​ 153,209 Long-term borrowings ​ 25,000 ​ — ​ 24,090 ​ — ​ 24,090 Subordinated debentures ​ 25,000 ​ ​ — ​ ​ 22,365 ​ ​ — ​ ​ 22,365 Accrued interest payable ​ ​ 563 ​ — ​ 563 ​ — ​ 563 Derivative Liabilities ​ ​ — ​ — ​ — ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

PARENT COMPANY FINANCIAL INFO_2

PARENT COMPANY FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
PARENT COMPANY FINANCIAL INFORMATION
Schedule of condensed balance sheets	BALANCE SHEETS ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2023 2022 ASSETS ​ ​ Cash ​ $ 9,753 ​ $ 13,860 Investment in banking subsidiary ​ 135,301 ​ 129,456 Marketable equity securities ​ 1,482 ​ 1,699 Prepaid expenses and other assets ​ 551 ​ 854 TOTAL ASSETS ​ $ 147,087 ​ $ 145,869 ​ ​ ​ ​ LIABILITIES ​ ​ ​ (Receivable) advances from banking subsidiary ​ $ (307) ​ $ 168 Subordinated Debentures ​ ​ 25,000 ​ ​ 25,000 Accrued expenses and other liabilities ​ 779 ​ 315 TOTAL LIABILITIES ​ 25,472 ​ 25,483 ​ ​ ​ ​ STOCKHOLDERS’ EQUITY ​ ​ ​ Common stock ​ 12,705 ​ 12,502 Surplus ​ 44,004 ​ 42,439 Retained earnings ​ 100,260 ​ 100,712 Accumulated other comprehensive loss ​ (29,645) ​ (29,558) Treasury stock, at cost ​ (5,709) ​ (5,709) TOTAL STOCKHOLDERS’ EQUITY ​ 121,615 ​ 120,386 ​ ​ ​ ​ TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY ​ $ 147,087 ​ $ 145,869
Schedule of condensed statements of Income	STATEMENTS OF INCOME ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 INCOME ​ ​ Dividends from subsidiary bank ​ $ 1,526 ​ $ 6,102 Net securities losses ​ (217) ​ (93) Other income ​ 94 ​ 98 TOTAL INCOME ​ 1,403 ​ 6,107 ​ ​ ​ ​ ​ ​ ​ EXPENSE ​ ​ ​ ​ ​ ​ Interest on subordinated debt ​ ​ 1,094 ​ ​ 1,091 Other expense ​ 217 ​ 195 TOTAL EXPENSE ​ 1,311 ​ 1,286 ​ ​ ​ ​ ​ ​ ​ INCOME BEFORE INCOME TAX BENEFIT ​ ​ 92 ​ ​ 4,821 INCOME TAX BENEFIT ​ (303) ​ (275) ​ ​ 395 ​ 5,096 EQUITY IN UNDISTRIBUTED EARNINGS OF BANKING SUBSIDIARY ​ 5,165 ​ 8,928 ​ ​ ​ ​ ​ ​ ​ NET INCOME ​ $ 5,560 ​ $ 14,024
Schedule of condensed statements of comprehensive (loss) income	STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 Net Income ​ $ 5,560 ​ $ 14,024 ​ ​ ​ ​ ​ ​ ​ Other comprehensive loss: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in other comprehensive loss of banking subsidiary ​ (87) ​ (37,146) ​ ​ ​ ​ ​ ​ ​ Total other comprehensive loss ​ (87) ​ (37,146) Total Comprehensive Income (Loss) ​ $ 5,473 ​ $ (23,122)
Schedule of condensed statements of cash flows	STATEMENTS OF CASH FLOWS ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years Ended December 31, ​ 2023 2022 CASH FLOWS FROM OPERATING ACTIVITIES: ​ ​ Net income ​ $ 5,560 ​ $ 14,024 Adjustments to reconcile net income to net cash provided by operating activities: ​ ​ Losses on securities ​ 217 ​ 93 Deferred income tax benefit ​ (88) ​ (34) Equity in undistributed earnings of banking subsidiary ​ (5,165) ​ (8,928) Increase in prepaid/accrued expenses and other assets/liabilities ​ 869 ​ 47 Decrease in advances from banking subsidiary ​ (474) ​ (245) NET CASH PROVIDED BY OPERATING ACTIVITIES ​ 919 ​ 4,957 ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM INVESTING ACTIVITIES: ​ ​ ​ ​ ​ ​ Proceeds from sales of equity securities ​ ​ — ​ ​ 170 NET CASH PROVIDED BY INVESTING ACTIVITIES ​ ​ — ​ ​ 170 ​ ​ ​ ​ ​ ​ ​ CASH FLOWS FROM FINANCING ACTIVITIES: ​ ​ ​ Proceeds from issuance of common stock ​ 1,754 ​ 1,635 Dividends paid ​ (6,780) ​ (6,690) NET CASH USED IN FINANCING ACTIVITIES ​ (5,026) ​ (5,055) ​ ​ ​ ​ ​ ​ ​ (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS ​ (4,107) ​ 72 CASH AND CASH EQUIVALENTS, BEGINNING ​ 13,860 ​ 13,788 CASH AND CASH EQUIVALENTS, ENDING ​ $ 9,753 ​ $ 13,860 ​

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Net income	$ 5,560	$ 14,024
Weighted-average common shares outstanding, basic	6,054	5,974
Basic earnings per share	$ 0.91	$ 2.35
Diluted earnings per share	$ 0.91	$ 2.35

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Additional Information (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2008 USD ($)	Dec. 31, 2023 USD ($) employee shares	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($)	Feb. 27, 2024 $ / shares	Jan. 20, 2024 USD ($)
Tax Credits On Investments In Low Income Housing Partnerships		$ 484,000	$ 249,000
Amortization Of Investments In Limited Partnerships		$ 231,000	225,000
Number of retired employees | employee		2
Goodwill impairment		$ 0
Loan Payments Delinquency Period Beyond Which Loans Considered Past Due		10 days
Loan Payments Delinquency Period Beyond Which Loans May Be Considered Non Accrual		90 days
Assets Held-in-trust		$ 109,064,000	111,172,000
Loans Receivable Held-for-sale, Amount		214,000	71,000
Unpaid principal balance		911,078,000	858,469,000
Purchase of investment in real estate venture		(2,415,000)	(2,458,000)	$ (435,000)
Amount of capital contributions		2,429,000	$ 2,458,000
Reserve For Unfunded Lending Commitments		$ 166,000
Number of common stock shares outstanding potential | shares		0	0
Retained earnings		$ 100,260,000	$ 100,712,000
Allowance for credit losses		6,925,000	8,274,000	8,680,000
Mortgage Loan Service [Member]
Loans Serviced For Others		82,489,000	87,671,000
Servicing Asset at Fair Value, Amount		265,000	319,000
Fees and Commissions, Mortgage Banking and Servicing		213,000	230,000
Amortization of Mortgage Servicing Rights (MSRs)		72,000	88,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Retained earnings			768,000
Allowance for credit losses			(1,119,000)
Subsequent Event
Loan Amount						$ 9,455,000
Dividends Payable, Amount Per Share | $ / shares					$ 0.28
Unfunded Loan Commitment [Member]
Reserve For Unfunded Lending Commitments		$ 166,000	68,000
Minimum
Loan Payments, Delinquency Period, at which time Delinquency Notice is Automatically Generated		10
Maximum
Loan Payments, Delinquency Period, at which time Delinquency Notice is Automatically Generated		P10D
commercial real estate
Unpaid principal balance			611,549,000
Allowance for credit losses			5,932,000	5,408,000
commercial real estate | Maximum
Term of Loan Offering		20 years
Maximum loan to value ratio		80%
residential real estate
Loans Receivable Held-for-sale, Amount		$ 214,000	71,000
Unpaid principal balance			154,506,000
Allowance for credit losses			1,557,000	$ 1,539,000
residential real estate | Maximum
Maximum loan to value ratio		80%
Maximum loan to value ratio with PMI		95%
residential real estate | Maximum | Held for Investment [Member]
Term of Loan Offering		20 years
residential real estate | Maximum | Residential Mortgage [Member]
Term of Loan Offering		30 years
residential real estate | Maximum | Home Equity Loan [Member]
Term of Loan Offering		15 years
Maximum loan to value ratio		80%
residential real estate | Maximum | Home Equity Line of Credit [Member]
Term of Loan Offering		20 years
Maximum loan to value ratio		80%
Agricultural
Unpaid principal balance		$ 671,000	860,000
Allowance for credit losses		$ 1,000	6,000
Agricultural | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance for credit losses			(4,000)
Agricultural | Maximum
Term of Loan Offering		10 years
Maximum loan to value ratio		70%
Bank Owned Life Insurance [Member]
Deferred Compensation Arrangement with Individual, Recorded Liability		$ 62,000	53,000
Deferred Compensation Arrangement with Individual, Compensation Expense		(9,000)	3,000
Pocono Community Bank [Member]
Goodwill, Purchase Accounting Adjustments	$ 152,000
Federal Home Loan Bank of Pittsburgh [Member]
Restricted Investment in Bank Stocks		10,850,000	7,101,000
Atlantic Central Bankers Bank [Member]
Restricted Investment in Bank Stocks		$ 35,000	35,000
Full Service Offices [Member]
Number of Stores		19
Automated Teller [Member]
Number of Stores		20
GGLs
Unpaid principal balance		$ 4,470,000	$ 4,631,000
Originated For Resale [Member] | residential real estate | Maximum | Residential Mortgage [Member]
Term of Loan Offering		30 years

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ASU (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses	$ (6,925,000)	$ (8,274,000)	$ (8,680,000)
Deferred income taxes	8,695,000	9,129,000
Other Liabilities	8,549,000	9,299,000
Retained earnings	$ 100,260,000	$ 100,712,000
Effective tax rate	11%	14.10%
Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses		$ (7,155,000)
Deferred income taxes		8,925,000
Other Liabilities		9,446,000
Retained earnings		101,480,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit losses		1,119,000
Deferred income taxes		(204,000)
Other Liabilities		147,000
Retained earnings		$ 768,000
Effective tax rate		21%

SECURITIES - Amortized cost, re

SECURITIES - Amortized cost, related estimated fair value, and unrealized gains and losses (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Available-for-Sale Securities
Amortized Cost	$ 425,972	$ 410,859
Gross Unrealized Gains	536	682
Gross Unrealized Losses	(33,540)	(38,097)
Total	392,968	373,444
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Other mortgage backed securities
Available-for-Sale Securities
Amortized Cost	36,623	36,767
Gross Unrealized Gains	168	0
Gross Unrealized Losses	(2,741)	(3,079)
Total	34,050	33,688
U.S. Treasury and/or agency securities
Available-for-Sale Securities
Amortized Cost	7,881	7,853
Gross Unrealized Gains		0
Gross Unrealized Losses	(840)	(1,052)
Total	7,041	6,801
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Available-for-Sale Securities
Amortized Cost	152,510	146,707
Gross Unrealized Gains		0
Gross Unrealized Losses	(14,518)	(15,032)
Total	137,992	131,675
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities
Amortized Cost	7,560	10,992
Gross Unrealized Gains	126	233
Gross Unrealized Losses	(54)	(45)
Total	7,632	11,180
Obligations of state and political subdivisions
Available-for-Sale Securities
Amortized Cost	97,899	125,176
Gross Unrealized Gains	18	266
Gross Unrealized Losses	(10,214)	(14,753)
Total	87,703	110,689
Asset backed securities
Available-for-Sale Securities
Amortized Cost	82,852	37,526
Gross Unrealized Gains	150	0
Gross Unrealized Losses	(840)	(1,108)
Total	82,162	36,418
Corporate debt securities
Available-for-Sale Securities
Amortized Cost	40,647	45,838
Gross Unrealized Gains	74	183
Gross Unrealized Losses	(4,333)	(3,028)
Total	$ 36,388	$ 42,993

SECURITIES - Aging of amortized

SECURITIES - Aging of amortized cost and fair value of debt securities (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Available-For-Sale - Amortized cost
Within 1 Year	$ 9,283
1 - 5 Years	27,963
5 - 10 Years	66,364
After 10 Years	133,230
Total	425,972
Available-For-Sale - Estimated fair value
Within 1 Year	9,282
1 - 5 Years	26,457
5 - 10 Years	58,915
After 10 Years	126,272
Total	392,968
Mortgage backed securities
Available-For-Sale - Amortized cost
Total	189,132
Available-For-Sale - Estimated fair value
Total	$ 172,042

SECURITIES - Securities From Is

SECURITIES - Securities From Issuers In Excess Of Ten Percent Of Consolidated Stockholders' Equity (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale, Excluding Accrued Interest	$ 392,968	$ 373,444
Stockholders' Equity | Securities Holdings Concentration Risk | Sallie Mae Bank securities
Debt Securities, Available-for-Sale, Excluding Accrued Interest	25,737	$ 17,362
Stockholders' Equity | Securities Holdings Concentration Risk | Nelnet Student Loan Trust
Debt Securities, Available-for-Sale, Excluding Accrued Interest	15,486
Stockholders' Equity | Securities Holdings Concentration Risk | Navient Student Loan Trust
Debt Securities, Available-for-Sale, Excluding Accrued Interest	$ 13,179

SECURITIES - Continuous unreali

SECURITIES - Continuous unrealized loss position (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Less Than 12 Months
Fair Value	$ 80,346	$ 175,351
Unrealized Loss	(855)	(10,507)
12 Months or More
Fair Value	263,060	158,995
Unrealized Loss	(32,685)	(27,590)
Total
Fair Value	343,406	334,346
Unrealized Loss	(33,540)	(38,097)
Other mortgage backed debt securities
Less Than 12 Months
Fair Value	1,568	16,167
Unrealized Loss	(1)	(962)
12 Months or More
Fair Value	25,042	17,521
Unrealized Loss	(2,740)	(2,117)
Total
Fair Value	26,610	33,688
Unrealized Loss	(2,741)	(3,079)
U.S. Treasury and/or agency securities
Less Than 12 Months
Fair Value	0	0
Unrealized Loss	0	0
12 Months or More
Fair Value	7,041	6,801
Unrealized Loss	(840)	(1,052)
Total
Fair Value	7,041	6,801
Unrealized Loss	(840)	(1,052)
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Less Than 12 Months
Fair Value	23,103	61,067
Unrealized Loss	(242)	(2,184)
12 Months or More
Fair Value	102,608	65,174
Unrealized Loss	(14,276)	(12,848)
Total
Fair Value	125,711	126,241
Unrealized Loss	(14,518)	(15,032)
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Less Than 12 Months
Fair Value	0	1,589
Unrealized Loss	0	(2)
12 Months or More
Fair Value	3,029	3,168
Unrealized Loss	(54)	(43)
Total
Fair Value	3,029	4,757
Unrealized Loss	(54)	(45)
Obligations of state and political subdivisions
Less Than 12 Months
Fair Value	0	56,565
Unrealized Loss	0	(5,881)
12 Months or More
Fair Value	82,113	35,704
Unrealized Loss	(10,214)	(8,872)
Total
Fair Value	82,113	92,269
Unrealized Loss	(10,214)	(14,753)
Asset backed securities
Less Than 12 Months
Fair Value	52,862	24,136
Unrealized Loss	(342)	(405)
12 Months or More
Fair Value	12,726	12,282
Unrealized Loss	(498)	(703)
Total
Fair Value	65,588	36,418
Unrealized Loss	(840)	(1,108)
Corporate debt securities
Less Than 12 Months
Fair Value	2,813	15,827
Unrealized Loss	(270)	(1,073)
12 Months or More
Fair Value	30,501	18,345
Unrealized Loss	(4,063)	(1,955)
Total
Fair Value	33,314	34,172
Unrealized Loss	$ (4,333)	$ (3,028)

SECURITIES - Unrealized and rea

SECURITIES - Unrealized and realized gains (losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SECURITIES
Net losses from market value fluctuations recognized during the period on equity securities	$ (217)	$ (93)
Less: Net gains recognized during the period on equity securities sold during the period	0	27
Net losses recognized during the reporting period on equity securities still held at the reporting date	$ (217)	$ (120)

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) item	Dec. 31, 2022 USD ($) item
Debt securities available-for-sale, at fair value	$ 392,968,000	$ 373,444,000
Aggregate carrying value	182,050,000	241,385,000
Proceeds from sales of debt securities available-for-sale	23,230,000	58,675,000
Accrued interest receivable on debt securities	2,487,000
Marketable equity securities, at fair value	1,482,000	1,699,000
Gain on debt securities	447,000	221,000
Loss on debt securities	$ 348,000	$ 974,000
Number of securities in loss position | item	177	183
Percentage decline in value	7.75%	9.11%
Minimum percentage of equity held	10%	10%
Asset Pledged as Collateral
Debt securities available-for-sale, at fair value	$ 249,114,000	$ 315,836,000
Marketable Equity Securities
Marketable equity securities, at fair value	1,482,000	1,699,000
Sallie Mae Bank securities | Securities Holdings Concentration Risk | Stockholders' Equity
Debt securities available-for-sale, at fair value	$ 25,737,000	$ 17,362,000

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	$ 911,078	$ 858,469
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2023	265
2022	281
2021	189
2020	136
2019	196
Prior	7
Loans and Leases Receivable, Deferred Income, Total	1,074
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2023	126,960
2022	202,674
2021	154,341
2020	123,385
2019	71,134
Prior	232,584
Financing Receivable, Total	911,078	858,469
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs	57	206
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	2
2022	23
2021	13
2020	2
2019	4
Prior	13
Total Gross Charge Offs	57	206
GGLs
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	4,470	4,631
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	4,470	4,631
Pass
Financing Receivable, Recorded Investment [Line Items]
2023	126,637
2022	202,307
2021	153,565
2020	119,588
2019	61,486
Prior	222,329
Financing Receivable, Total	885,912
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	885,912
Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	58
Financing Receivable, Total	58
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	58
Substandard
Financing Receivable, Recorded Investment [Line Items]
2022	86
2021	587
2020	3,661
2019	9,452
Prior	10,248
Financing Receivable, Total	24,034
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	24,034
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	811,493	764,880
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2023	130
2022	176
2021	153
2020	116
2019	(13)
Prior	8
Loans and Leases Receivable, Deferred Income, Total	570
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2023	110,949
2022	186,991
2021	133,464
2020	113,815
2019	63,982
Prior	202,292
Financing Receivable, Total	811,493	764,880
Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	110,819
2022	186,729
2021	132,724
2020	110,038
2019	54,543
Prior	192,686
Financing Receivable, Total	787,539
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	787,539
Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
2022	86
2021	587
2020	3,661
2019	9,452
Prior	9,598
Financing Receivable, Total	23,384
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	23,384
Agricultural
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	671	860
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2022	1
Loans and Leases Receivable, Deferred Income, Total	1
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2022	60
Prior	611
Financing Receivable, Total	671	860
Agricultural | Pass
Financing Receivable, Recorded Investment [Line Items]
2022	59
Prior	611
Financing Receivable, Total	670
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	670
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	66,909	56,077
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2023	95
2022	83
2021	24
2020	17
2019	208
Prior	(1)
Loans and Leases Receivable, Deferred Income, Total	426
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2023	12,767
2022	10,269
2021	5,800
2020	7,456
2019	7,041
Prior	23,576
Financing Receivable, Total	66,909	56,077
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	12,672
2022	10,186
2021	5,776
2020	7,439
2019	6,833
Prior	22,927
Financing Receivable, Total	65,833
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	65,833
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Prior	650
Financing Receivable, Total	650
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	650
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total		86,999
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total		86,999
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs		158
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total Gross Charge Offs		158
Consumer
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	5,824	5,707
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2023	38
2022	20
2021	8
2020	2
2019	1
Loans and Leases Receivable, Deferred Income, Total	69
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2023	2,511
2022	1,258
2021	934
2020	208
2019	111
Prior	802
Financing Receivable, Total	5,824	5,707
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs	57
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2023	2
2022	23
2021	13
2020	2
2019	4
Prior	13
Total Gross Charge Offs	57
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	2,415
2022	1,238
2021	926
2020	206
2019	110
Prior	802
Financing Receivable, Total	5,697
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	5,697
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
2023	58
Financing Receivable, Total	58
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	58
Consumer
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total		5,415
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total		5,415
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs		33
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total Gross Charge Offs		33
State and Political Subdivisions
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	26,181	30,945
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2023	2
2022	1
2021	4
2020	1
Loans and Leases Receivable, Deferred Income, Total	8
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2023	733
2022	4,096
2021	14,143
2020	1,906
Prior	5,303
Financing Receivable, Total	26,181	30,945
State and Political Subdivisions | Pass
Financing Receivable, Recorded Investment [Line Items]
2023	731
2022	4,095
2021	14,139
2020	1,905
Prior	5,303
Financing Receivable, Total	26,173
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	$ 26,173
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total		611,549
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total		611,549
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs		3
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total Gross Charge Offs		3
Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total		154,506
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total		154,506
Financing Receivable, Gross Charge Offs, by Origination Year [Abstract]
Total Gross Charge Offs		12
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
Total Gross Charge Offs		$ 12

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Activity in allowance for credit losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Allowance, Beginning balance	$ 8,274,000	$ 8,680,000
Charge-offs	(57,000)	(206,000)
Recoveries	44,000	64,000
(Credit) Provision	(217,000)	(264,000)
Allowance, Ending Balance	6,925,000	8,274,000
Total	911,078,000	858,469,000
Reserve For Unfunded Lending Commitments	166,000
Ending Balance	911,078,000	858,469,000
Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments	166,000	68,000
Reserve For Unfunded Lending Commitments	166,000	68,000
Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	7,155,000
Allowance, Ending Balance		7,155,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	(1,119,000)
Allowance, Ending Balance		(1,119,000)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments	147,000
Loans Individually Evaluated For Impairment [Member]
Total	4,925,000	11,207,000
Ending Balance	4,925,000	11,207,000
Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance	8,274,000
Allowance, Ending Balance	6,925,000	8,274,000
Total	906,153,000	847,262,000
Ending Balance	906,153,000	847,262,000
Real Estate
Allowance, Beginning balance	7,483,000
Recoveries	37,000
(Credit) Provision	(264,000)
Allowance, Ending Balance	6,539,000	7,483,000
Total	811,493,000	764,880,000
Reserve For Unfunded Lending Commitments	140,000
Ending Balance	811,493,000	764,880,000
Real Estate | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	6,766,000
Allowance, Ending Balance		6,766,000
Real Estate | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	(717,000)
Allowance, Ending Balance		(717,000)
Real Estate | Loans Individually Evaluated For Impairment [Member]
Total	4,005,000
Ending Balance	4,005,000
Real Estate | Loans Collectively Evaluated For Impairment [Member]
Allowance, Ending Balance	6,539,000
Total	807,488,000
Ending Balance	807,488,000
Agricultural
Allowance, Beginning balance	6,000
(Credit) Provision	(1,000)
Allowance, Ending Balance	1,000	6,000
Total	671,000	860,000
Ending Balance	671,000	860,000
Agricultural | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	2,000
Allowance, Ending Balance		2,000
Agricultural | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	(4,000)
Allowance, Ending Balance		(4,000)
Agricultural | Loans Individually Evaluated For Impairment [Member]
Total	309,000
Ending Balance	309,000
Agricultural | Loans Collectively Evaluated For Impairment [Member]
Allowance, Ending Balance	1,000
Total	362,000
Ending Balance	362,000
Commercial and industrial
Allowance, Beginning balance	704,000	681,000
Charge-offs		(158,000)
Recoveries		3,000
(Credit) Provision		178,000
Allowance, Ending Balance		704,000
Total		86,999,000
Ending Balance		86,999,000
Commercial and industrial | Loans Individually Evaluated For Impairment [Member]
Total		973,000
Ending Balance		973,000
Commercial and industrial | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance	704,000
Allowance, Ending Balance		704,000
Total		86,026,000
Ending Balance		86,026,000
Commercial and Industrial
Allowance, Beginning balance	504,000
Recoveries	2,000
(Credit) Provision	20,000
Allowance, Ending Balance	265,000	504,000
Total	66,909,000	56,077,000
Reserve For Unfunded Lending Commitments	25,000
Ending Balance	66,909,000	56,077,000
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	243,000
Allowance, Ending Balance		243,000
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	(261,000)
Allowance, Ending Balance		(261,000)
Commercial and Industrial | Loans Individually Evaluated For Impairment [Member]
Total	611,000
Ending Balance	611,000
Commercial and Industrial | Loans Collectively Evaluated For Impairment [Member]
Allowance, Ending Balance	265,000
Total	66,298,000
Ending Balance	66,298,000
commercial real estate
Allowance, Beginning balance	5,932,000	5,408,000
Charge-offs		(3,000)
Recoveries		40,000
(Credit) Provision		487,000
Allowance, Ending Balance		5,932,000
Total		611,549,000
Ending Balance		611,549,000
commercial real estate | Loans Individually Evaluated For Impairment [Member]
Total		9,495,000
Ending Balance		9,495,000
commercial real estate | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance	5,932,000
Allowance, Ending Balance		5,932,000
Total		602,054,000
Ending Balance		602,054,000
residential real estate
Allowance, Beginning balance	1,557,000	1,539,000
Charge-offs		(12,000)
Recoveries		16,000
(Credit) Provision		14,000
Allowance, Ending Balance		1,557,000
Total		154,506,000
Ending Balance		154,506,000
residential real estate | Loans Individually Evaluated For Impairment [Member]
Total		739,000
Ending Balance		739,000
residential real estate | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance	1,557,000
Allowance, Ending Balance		1,557,000
Total		153,767,000
Ending Balance		153,767,000
Consumer
Allowance, Beginning balance	84,000
Charge-offs	(57,000)
Recoveries	5,000
(Credit) Provision	35,000
Allowance, Ending Balance	78,000	84,000
Total	5,824,000	5,707,000
Ending Balance	5,824,000	5,707,000
Consumer | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	95,000
Allowance, Ending Balance		95,000
Consumer | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	11,000
Allowance, Ending Balance		11,000
Consumer | Loans Collectively Evaluated For Impairment [Member]
Allowance, Ending Balance	78,000
Total	5,824,000
Ending Balance	5,824,000
Consumer
Allowance, Beginning balance	81,000	84,000
Charge-offs		(33,000)
Recoveries		5,000
(Credit) Provision		25,000
Allowance, Ending Balance		81,000
Total		5,415,000
Ending Balance		5,415,000
Consumer | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance	81,000
Allowance, Ending Balance		81,000
Total		5,415,000
Ending Balance		5,415,000
State and Political Subdivisions
Allowance, Beginning balance	197,000
(Credit) Provision	(7,000)
Allowance, Ending Balance	42,000	197,000
Total	26,181,000	30,945,000
Reserve For Unfunded Lending Commitments	1,000
Ending Balance	26,181,000	30,945,000
State and Political Subdivisions | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance	49,000
Allowance, Ending Balance		49,000
State and Political Subdivisions | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance	(148,000)
Allowance, Ending Balance		(148,000)
State and Political Subdivisions | Loans Collectively Evaluated For Impairment [Member]
Allowance, Ending Balance	42,000
Total	26,181,000
Ending Balance	$ 26,181,000
Unallocated Financing Receivables
Allowance, Beginning balance		968,000
(Credit) Provision		$ (968,000)

LOANS AND ALLOWANCE FOR CREDI_5

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Activity in allowance for credit losses on unfunded commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Provision for credit losses on unfunded commitments	$ (49)	$ (108)
Unfunded Loan Commitment
Beginning balance	68
CECL adoption adjustment	166	68
Provision for credit losses on unfunded commitments	(49)
Ending balance	166	$ 68
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unfunded Loan Commitment
CECL adoption adjustment	147
Ending balance	$ 147

LOANS AND ALLOWANCE FOR CREDI_6

LOANS AND ALLOWANCE FOR CREDIT LOSSES- Impaired loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Financing Receivable, Modifications [Line Items]
Financing Receivable, Recorded Investment		$ 7,480,000
Unpaid principal balance	$ 911,078,000	858,469,000
Related allowance	6,925,000	8,274,000	$ 8,680,000
Recorded Investment
With no related allowance recorded	4,925,000	11,207,000
Total	4,925,000	11,207,000
Unpaid Principal Balance
With no related allowance recorded	6,914,000
With no related allowance recorded		14,174,000
Total	6,914,000	14,174,000
Average Recorded Investment
With no related allowance recorded	5,332,000
Total	5,332,000
With no related allowance recorded		12,574,000
Total		12,574,000
Interest Income Recognized
With no related allowance recorded	24,000
Total	24,000
With no related allowance recorded		309,000
Total		309,000
Real Estate
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	811,493,000	764,880,000
Related allowance	6,539,000	7,483,000
Recorded Investment
With no related allowance recorded	4,005,000
Total	4,005,000
Unpaid Principal Balance
With no related allowance recorded	5,994,000
Total	5,994,000
Average Recorded Investment
With no related allowance recorded	4,380,000
Total	4,380,000
Agricultural
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	671,000	860,000
Related allowance	1,000	6,000
Recorded Investment
With no related allowance recorded	309,000
Total	309,000
Unpaid Principal Balance
With no related allowance recorded	309,000
Total	309,000
Average Recorded Investment
With no related allowance recorded	309,000
Total	309,000
Interest Income Recognized
With no related allowance recorded	24,000
Total	24,000
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	66,909,000	56,077,000
Related allowance	265,000	504,000
Recorded Investment
With no related allowance recorded	611,000	973,000
Total	611,000	973,000
Unpaid Principal Balance
With no related allowance recorded	611,000
With no related allowance recorded		973,000
Total	611,000	973,000
Average Recorded Investment
With no related allowance recorded	643,000
Total	$ 643,000
With no related allowance recorded		992,000
Total		992,000
Interest Income Recognized
With no related allowance recorded		14,000
Total		14,000
Commercial and industrial
Financing Receivable, Modifications [Line Items]
Unpaid principal balance		86,999,000
Related allowance		704,000	681,000
Commercial Real Estate
Financing Receivable, Modifications [Line Items]
Unpaid principal balance		611,549,000
Related allowance		5,932,000	5,408,000
Recorded Investment
With no related allowance recorded		9,495,000
Total		9,495,000
Unpaid Principal Balance
With no related allowance recorded		12,430,000
Total		12,430,000
Average Recorded Investment
With no related allowance recorded		10,741,000
Total		10,741,000
Interest Income Recognized
With no related allowance recorded		294,000
Total		294,000
Residential Real Estate
Financing Receivable, Modifications [Line Items]
Unpaid principal balance		154,506,000
Related allowance		1,557,000	$ 1,539,000
Recorded Investment
With no related allowance recorded		739,000
Total		739,000
Unpaid Principal Balance
With no related allowance recorded		771,000
Total		771,000
Average Recorded Investment
With no related allowance recorded		841,000
Total		841,000
Interest Income Recognized
With no related allowance recorded		1,000
Total		$ 1,000

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Collateral dependent loans (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Collateral-dependent loans
Total	$ 911,078	$ 858,469
Real Estate
Collateral-dependent loans
Total	4,005
Other
Collateral-dependent loans
Total	920
Real Estate
Collateral-dependent loans
Total	811,493	764,880
Real Estate | Real Estate
Collateral-dependent loans
Total	4,005
Agricultural
Collateral-dependent loans
Total	671	860
Agricultural | Other
Collateral-dependent loans
Total	309
Commercial and Industrial
Collateral-dependent loans
Total	66,909	$ 56,077
Commercial and Industrial | Other
Collateral-dependent loans
Total	$ 611

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Non-performing assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Total non-accrual loans	$ 4,616	$ 5,051
Loans past-due 90 days or more and still accruing interest	1,065	308
Total non-performing assets	5,681	5,359
Real Estate
Total non-accrual loans	4,005	4,387
Loans past-due 90 days or more and still accruing interest	1,065	308
Agricultural
Loans past-due 90 days or more and still accruing interest	0	0
Commercial and Industrial
Total non-accrual loans	611	664
Loans past-due 90 days or more and still accruing interest	0	0
Consumer
Loans past-due 90 days or more and still accruing interest	0	0
State and Political Subdivisions
Loans past-due 90 days or more and still accruing interest	$ 0	$ 0

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES- Past due (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current - 29 Days Past Due	$ 902,853	$ 850,257
Total	911,078	858,469
90 Days or Greater Past Due and Still Accruing Interest	1,065	308
Financial Asset, 30 to 59 Days Past Due
Total	2,182	2,754
Financing Receivables, 60 to 89 Days Past Due
Total	383	124
Financing Receivables, Equal to Greater than 90 Days Past Due
Total	5,660	5,334
Financial Asset, Past Due
Total	8,225	8,212
Real Estate
Current - 29 Days Past Due	803,890	757,445
Total	811,493	764,880
90 Days or Greater Past Due and Still Accruing Interest	1,065	308
Real Estate | Financial Asset, 30 to 59 Days Past Due
Total	2,155	2,682
Real Estate | Financing Receivables, 60 to 89 Days Past Due
Total	379	59
Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	5,069	4,694
Real Estate | Financial Asset, Past Due
Total	7,603	7,435
Agricultural
Current - 29 Days Past Due	671	860
Total	671	860
90 Days or Greater Past Due and Still Accruing Interest	0	0
Agricultural | Financial Asset, 30 to 59 Days Past Due
Total	0
Agricultural | Financing Receivables, 60 to 89 Days Past Due
Total		0
Agricultural | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	0	0
Commercial and Industrial
Current - 29 Days Past Due	66,312	55,313
Total	66,909	56,077
90 Days or Greater Past Due and Still Accruing Interest	0	0
Commercial and Industrial | Financial Asset, 30 to 59 Days Past Due
Total	6	61
Commercial and Industrial | Financing Receivables, 60 to 89 Days Past Due
Total		63
Commercial and Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	591	640
Commercial and Industrial | Financial Asset, Past Due
Total	597	764
Commercial and industrial
Total		86,999
Consumer
Current - 29 Days Past Due	5,799	5,694
Total	5,824	5,707
90 Days or Greater Past Due and Still Accruing Interest	0	0
Consumer | Financial Asset, 30 to 59 Days Past Due
Total	21	11
Consumer | Financing Receivables, 60 to 89 Days Past Due
Total	4	2
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	0	0
Consumer | Financial Asset, Past Due
Total	25	13
Consumer
Total		5,415
State and Political Subdivisions
Current - 29 Days Past Due	26,181	30,945
Total	26,181	30,945
90 Days or Greater Past Due and Still Accruing Interest	0	0
State and Political Subdivisions | Financial Asset, 30 to 59 Days Past Due
Total	0
State and Political Subdivisions | Financing Receivables, 60 to 89 Days Past Due
Total		0
State and Political Subdivisions | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	$ 0	0
Commercial Real Estate
Total		611,549
Residential Real Estate
Total		$ 154,506

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Classes of the loan portfolio summarized by risk rating (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	$ 1,129
Total loans	858,469
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	836,405
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	634
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	20,301
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	429
Total loans	86,999
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	85,845
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	725
Commercial Real Estate
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	825
Total loans	611,549
Commercial Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	591,309
Commercial Real Estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	634
Commercial Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	18,781
Residential Real Estate
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	(191)
Total loans	154,506
Residential Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	153,902
Residential Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	795
Consumer
Financing Receivable, Recorded Investment [Line Items]
Net deferred loan fees and costs	66
Total loans	5,415
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross, Total	$ 5,349

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDRs recorded investment (Details)	Dec. 31, 2022 USD ($)
Financing Receivable, Modifications, Recorded Investment	$ 7,480,000
Non-accrual TDRs
Financing Receivable, Modifications, Recorded Investment	1,324,000
Accruing TDRs
Financing Receivable, Modifications, Recorded Investment	$ 6,156,000

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES- Loan modifications categorized as TDRs (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan
Number of contracts | loan	2
Pre-Modification Outstanding Recorded Investment	$ 481,000
Post-Modification Outstanding Recorded Investment	515,000
Recorded Investment	$ 501,000
commercial real estate
Number of contracts | loan	2
Pre-Modification Outstanding Recorded Investment	$ 481,000
Post-Modification Outstanding Recorded Investment	515,000
Recorded Investment	$ 501,000

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Types of loan modifications (Details) - 12 months ended Dec. 31, 2022	loan	contract
Financing Receivable, Modifications, Number of Contracts	2
Payment Modification
Financing Receivable, Modifications, Number of Contracts	2	2
commercial real estate
Financing Receivable, Modifications, Number of Contracts	2
commercial real estate | Payment Modification
Financing Receivable, Modifications, Number of Contracts	2

LOANS AND ALLOWANCE FOR CRED_14

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) contract	Dec. 31, 2022 USD ($) loan contract	Dec. 31, 2022 USD ($) contract
Loans Receivable Held-for-sale, Amount	$ 214,000	$ 71,000	$ 71,000	$ 71,000
Loans transferred from held for sale portfolio	0	7,900,000
Accrued interest exclude from the amortized cost basis of loans	2,476,000	1,941,000	1,941,000	1,941,000
Reserve For Unfunded Lending Commitments	166,000
Transfer of Loans Held-for-sale to Portfolio Loans	0	7,900,000
Foreclosed Assets Held For Resale	0
Financing Receivable, Modifications, Recorded Investment		7,480,000	$ 7,480,000	7,480,000
Modified value of TDR		515,000
Number of contracts | loan			2
Impaired Financing Receivable Related Allowance Attributable to TDR		0
Impaired Financing Receivable, Interest Income, Accrual Method	24,000
Impaired Financing Receivable, Interest Income, Accrual Method		309,000
Impaired Financing Receivable Interest Income Non-accrual Method	0	0
Financing Receivable, Modifications, Post-Modification Recorded Investment		515,000
Interest on non-accrual loans, Estimate of accrual amount	$ 2,488,000	2,174,000
Minimum
Loan Payments, Delinquency Period, at which time Delinquency Notice is Automatically Generated	10
Maximum
Loan Payments, Delinquency Period, at which time Delinquency Notice is Automatically Generated	P10D
TDRs
Financing Receivable, Modifications, Unfunded Commitments		0
Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments	$ 166,000	68,000	$ 68,000	$ 68,000
Payment Modification
Number of contracts			2	2
Commercial and Industrial
Reserve For Unfunded Lending Commitments	25,000
Impaired Financing Receivable, Interest Income, Accrual Method		14,000
Number of loans modified as troubled debt restructuring within previous 12 months, with subsequent payment default | loan			0
Commercial and Industrial | GGLs
Government Guaranteed Loans.	4,470,000
Commercial and industrial
Financing Receivable Modification Not In Compliance Of Terms		$ 664,000
Number of TDRs not in compliance with restructure | contract		3	3	3
Political Subdivision Loans
Tax free loans	$ 26,181,000
Commercial Real Estate
Modified value of TDR		$ 515,000
Number of contracts | loan			2
Financing Receivable Modification Not In Compliance Of Terms		$ 684,000
Number of TDRs not in compliance with restructure | contract		5	5	5
Impaired Financing Receivable, Interest Income, Accrual Method		$ 294,000
Financing Receivable, Modifications, Post-Modification Recorded Investment		515,000
Commercial Real Estate | Maximum
Term of loan offering	20 years
Maximum loan to value ratio	80%
Commercial Real Estate | Payment Modification
Number of contracts | loan			2
Residential Real Estate
Loans Receivable Held-for-sale, Amount	$ 214,000	71,000	$ 71,000	$ 71,000
Consumer Mortgage Loans Secured by Residential Real Estate in Process of Foreclosure	$ 138,000	41,000	$ 41,000	$ 41,000
Impaired Financing Receivable, Interest Income, Accrual Method		$ 1,000
Residential Real Estate | Maximum
Maximum loan to value ratio	80%
Maximum loan to value ratio with PMI	95%
Residential Real Estate | Residential Mortgage | Maximum
Term of loan offering	30 years
Residential Real Estate | Residential Mortgage | Originated For Resale | Maximum
Term of loan offering	30 years
Residential Real Estate | Home Equity Loan | Maximum
Term of loan offering	15 years
Maximum loan to value ratio	80%
Residential Real Estate | Home Equity Line of Credit | Maximum
Term of loan offering	20 years
Maximum loan to value ratio	80%
Agricultural
Impaired Financing Receivable, Interest Income, Accrual Method	$ 24,000
Agricultural | Maximum
Term of loan offering	10 years
Maximum loan to value ratio	70%

PREMISES AND EQUIPMENT, NET (De

PREMISES AND EQUIPMENT, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Cost	$ 35,631	$ 34,130
Less: Accumulated depreciation	16,020	15,106
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, Net, Total	$ 19,611	19,024
Property, Plant and Equipment, Useful Life	2 years
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 3,744	3,744
Building [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 23,197	$ 22,114
Building [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Building [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years	40 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 338	$ 335
Leasehold Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	1 year	1 year
Leasehold Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	20 years	20 years
Equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	$ 8,352	$ 7,937
Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years	3 years
Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	25 years	25 years

PREMISES AND EQUIPMENT, NET - A

PREMISES AND EQUIPMENT, NET - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
PREMISES AND EQUIPMENT, NET
Depreciation expense	$ 1,050,000	$ 1,026,000

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
DEPOSITS
Non-interest bearing demand	$ 198,569,000	$ 231,754,000
Interest bearing demand	275,472,000	335,559,000
Savings	212,280,000	260,086,000
Time certificates of deposits less than $250,000	259,841,000	151,575,000
Time certificates of deposits $250,000 or greater	33,185,000	13,400,000
Other time	1,092,000	1,125,000
Total deposits	$ 980,439,000	$ 993,499,000

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
DEPOSITS [Line Items]
Increase (Decrease) in Deposits	$ (13,060,000)	$ (84,470,000)
Deposits.	980,439,000	993,499,000
Increase (decrease) in municipal deposits	(60,884,000)
Increase (decrease) in brokered CDs	40,250,000
Brokered CD's
DEPOSITS [Line Items]
Brokered deposits	$ 65,250,000	$ 20,000,000

DEPOSITS - Summary of classific

DEPOSITS - Summary of classification and remaining maturities of time deposits (Details) $ in Thousands	Dec. 31, 2023 USD ($)
DEPOSITS
2024	$ 210,589
2025	27,592
2026	28,108
2027	3,020
2028	19,309
Thereafter	5,500
Total time deposits	$ 294,118

SHORT-TERM BORROWINGS (Details)

SHORT-TERM BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 153,468	$ 153,418
Short-term borrowings, Average Rate	5.21%	2.21%
Federal Funds Purchased
SHORT-TERM BORROWINGS
Short-term borrowings, Average Rate	6.57%
Securities sold under agreements to repurchase
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 19,708	$ 20,368
Short-term borrowings, Average Rate	3.28%	0.84%
Federal Discount Window
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 1
Short-term borrowings, Average Rate	4.99%	2.78%
Federal Home Loan Bank
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 133,759	$ 133,050
Short-term borrowings, Average Rate	5.45%	2.82%

SHORT-TERM BORROWINGS - Repurch

SHORT-TERM BORROWINGS - Repurchase Agreements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Repurchase agreements
Gross Amounts of Recognized Liabilities	$ 19,708	$ 20,368
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	19,708	20,368
Financial Instruments	(19,708)	(20,368)
Cash Collateral Pledge	0	0
Net Amount	$ 0	$ 0

SHORT-TERM BORROWINGS - Remaini

SHORT-TERM BORROWINGS - Remaining contractual maturity of repurchase agreements (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	$ 19,708
U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	19,708
Overnight and Continuous
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	19,708
Overnight and Continuous | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	19,708
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

SHORT-TERM BORROWINGS - Additio

SHORT-TERM BORROWINGS - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Fair value of securities pledged	$ 28,902,000	$ 34,160,000
Federal Funds Purchased
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	15,000,000
Federal Discount Window
Short-term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 8,547,000
Maximum
Short-term Debt [Line Items]
Federal funds purchased, securities sold under agreements to repurchase and Federal Home Loan Bank advances, maturity	30 days

LONG-TERM BORROWINGS (Details)

LONG-TERM BORROWINGS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Long-term borrowings	$ 122,000	$ 25,000
Due 2023, 2.96%
Long-term borrowings		3,000
Interest rate for first five years	2.96%
Due 2024, 1.68%
Long-term borrowings	$ 20,000	20,000
Interest rate for first five years	1.68%
Due 2026, 4.62% to 4.92%
Long-term borrowings	$ 60,000
Due 2026, 4.62% to 4.92% | Minimum
Interest rate for first five years	4.62%
Due 2026, 4.62% to 4.92% | Maximum
Interest rate for first five years	4.92%
Due 2028, 4.46% to 5.14%
Long-term borrowings	$ 42,000	$ 2,000
Due 2028, 4.46% to 5.14% | Minimum
Interest rate for first five years	4.46%
Due 2028, 4.46% to 5.14% | Maximum
Interest rate for first five years	5.14%

LONG-TERM BORROWINGS - Addition

LONG-TERM BORROWINGS - Additional Information (Details)	Dec. 31, 2023 USD ($)
Short-term Debt [Line Items]
Maximum borrowing capacity	$ 517,782,000
Investment securities pledged as collateral to FHLB	0
Asset Pledged as Collateral
Short-term Debt [Line Items]
Loans Pledged For Federal Home Loan Bank Loans and Letter of Credit Facilities	740,384,000
Letter of Credit
Short-term Debt [Line Items]
Irrevocable standby letters of credit	$ 0

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%

INCOME TAXES - Summary of curre

INCOME TAXES - Summary of current and deferred components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal
Current	$ 431	$ 2,180
Deferred	253	114
Income tax expense	$ 684	$ 2,294

INCOME TAXES - Summary of recon

INCOME TAXES - Summary of reconciliation between the income tax expense and the amount of income taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Amount
Federal income tax at statutory rate	$ 1,311	$ 3,427
Tax-exempt income	(106)	(749)
Low-income housing credits	(484)	(249)
Bank owned life insurance income	(130)	(125)
Prior year tax adjustments	82
Other	11	(10)
Income tax expense and rate	$ 684	$ 2,294
Rate
Federal income tax at statutory rate	21%	21%
Tax-exempt income	(1.70%)	(4.60%)
Low-income housing credits	(7.70%)	(1.50%)
Bank owned life insurance income	(2.10%)	(0.70%)
Prior year tax adjustments	1.30%
Other	0.20%	(0.10%)
Income tax expense and rate	11%	14.10%

INCOME TAXES - Summary of compo

INCOME TAXES - Summary of components of the net deferred tax asset and liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred Tax Assets:
Net unrealized losses on debt securities available-for-sale and derivatives	$ 7,880,000	$ 7,857,000
Allowance for loan losses	1,454,000	1,738,000
Provision for unfunded commitments	35,000	14,000
Deferred compensation	218,000	238,000
Contributions	4,000	6,000
Accrued rent expense	106,000	103,000
Operating lease liabilities	415,000	426,000
Finance lease liabilities	0	1,000
Limited partnership investments	322,000	313,000
Impairment loss on securities	4,000	4,000
Deferred health insurance	53,000	48,000
Capital and net operating loss carry forwards	285,000	258,000
Valuation allowance related to state net operating losses	(285,000)	(258,000)
Total	10,491,000	10,748,000
Deferred Tax Liabilities:
Loan fees and costs	225,000	237,000
Net unrealized gains on marketable equity securities	231,000	319,000
Operating lease right-of-use assets	415,000	426,000
Accumulated depreciation	438,000	287,000
Accretion	172,000	36,000
Mortgage servicing rights	58,000	57,000
Intangibles	257,000	257,000
Total	1,796,000	1,619,000
Net Deferred Tax Asset	$ 8,695,000	$ 9,129,000

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES
Deferred Tax Assets, Valuation Allowance	$ 285,000	$ 258,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local, Net	$ 0	$ 0
State Net Operating Loss Carryforwards Offset Future State Taxable Income Expiration Term	2043	2043

EMPLOYEE BENEFIT PLANS AND DE_2

EMPLOYEE BENEFIT PLANS AND DEFERRED COMPENSATION AGREEMENTS (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) employee	Dec. 31, 2022 USD ($)
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of current officers who are part of a non-qualified deferred compensation plan | employee	1
Number of retired officers who are part of a non-qualified deferred compensation plan. | employee	5
Minimum
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of years for which monthly payments will be made	15 years
Maximum
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Number of years for which monthly payments will be made	20 years
Safe Harbor Matching Contributions Plan
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 405,000	$ 352,000
Profit Sharing Feature Contributions
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount	306,000	442,000
Officers
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Deferred Compensation Arrangement with Individual, Recorded Liability	759,000	848,000
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 31,000	$ 36,000
First Portion Contribution | Safe Harbor Matching Contributions Plan
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Employer match	100%
Employee contribution	3%
Second Portion Contribution | Safe Harbor Matching Contributions Plan
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Employer match	50%
Employee contribution	2%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Weighted average term and discount rates (Details)	Dec. 31, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Operating Lease, Weighted-average term (years)	19 years 9 months	20 years 6 months 21 days
Operating Lease, Weighted-average discount rate	4.22%	4.23%
Finance Lease, Weighted-average term (years)	0 years	8 months 1 day
Finance Lease, Weighted-average discount rate		0.68%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Maturity analysis of operating lease liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
COMMITMENTS AND CONTINGENCIES
Within one year	$ 175,000	$ 175,000
After one but within two years	140,000	140,000
After two but within three years	140,000	140,000
After three but within four years	154,000	140,000
After four but within five years	157,000	154,000
After five years	2,317,000	2,474,000
Total undiscounted cash flows	3,083,000	3,223,000
Discount on cash flows	(1,107,000)	(1,194,000)
Total lease liability	1,976,000	2,029,000
Finance Lease, Minimum Lease Payments due:
Within one year		7,000
Total undiscounted cash flows		7,000
Discount on cash flows		(1,000)
Total lease liability	$ 0	$ 6,000

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	1 Months Ended	12 Months Ended
	Aug. 31, 2023 lease	Dec. 31, 2023 USD ($) lease	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset		$ 1,472,000	$ 1,541,000
Operating Lease, Liability		1,976,000	2,029,000
Operating Lease, Cost		220,000	191,000
Operating Lease, Payments		$ 204,000	177,000
Number of finance leases | lease	1
Number of years equipment will be depreciated		2 years
Finance lease, Right-of-Use Asset		$ 32,000
Finance lease, Right-of-Use Asset, Balance sheet location		Premises and equipment, net
Finance Lease, Liability		$ 0	$ 6,000
Finance Lease Liability, Balance sheet location		(Receivable) advances from banking subsidiary	(Receivable) advances from banking subsidiary
Finance lease principal payments		$ 7,000	$ 10,000
Banking Facilities
Lessee, Lease, Description [Line Items]
Number of Operating Leases | lease		2
Land
Lessee, Lease, Description [Line Items]
Number of Operating Leases | lease		1

DERIVATIVE INSTRUMENTS AND HE_3

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Narratives (Details)	12 Months Ended
	Dec. 31, 2023 USD ($) item	Sep. 20, 2023 item	Dec. 31, 2022 USD ($)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Collateral Already Posted, Aggregate Fair Value	$ 4,650,000
Derivative, Net Liability Position, Aggregate Fair Value			$ 0
Designated as hedging instruments | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of instruments | item		4
Notional amount	$ 50,000,000
Designated as hedging instruments | Fair Value Hedges | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of instruments | item	2
Notional amount	$ 50,000,000
Designated as hedging instruments | Cash Flow Hedges | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of instruments | item	2
Notional amount	$ 100,000,000
Estimated additional amount to be reclassified	404,000
Amount of gain reclassified from accumulated other comprehensive loss to interest expense	$ 274,000

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Designated as hedging instruments
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Liabilities	$ 4,501
Designated as hedging instruments | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Liabilities	$ 4,501
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities

DERIVATIVE INSTRUMENTS AND HE_5

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Master Netting Arrangements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative liabilities
Gross Amounts of Recognized Liabilities	$ 4,501
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	$ 4,501
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Cash Collateral Pledge	$ (4,501)
Contractual Obligation, Fiscal Year Maturity [Abstract]
Remaining Contractual Maturity of the Agreements 3 to 5 Years	4,501
Total	$ 4,501
Designated as hedging instruments | Interest rate swaps
Derivative liabilities
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Contractual Obligation, Fiscal Year Maturity [Abstract]
Remaining Contractual Maturity of the Agreements 3 to 5 Years	$ 4,501
Total	$ 4,501

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Cumulative basis adjustment for fair value hedges (Details) - Designated as hedging instruments $ in Thousands	Dec. 31, 2023 USD ($)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	$ 86,770
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(1,637)
Available-for-sale - Municipals
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	50,964
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(1,230)
Available-for-sale - MBS
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	35,806
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(407)
Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional amount	$ 50,000

DERIVATIVE INSTRUMENTS AND HE_7

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value Hedges (Details) - Designated as hedging instruments - Fair Value Hedges - Interest rate swaps $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Amount of gain recognized in other comprehensive loss	$ (1,637)
Amount of gain (loss) , net of fair value re-measurements, included in interest income	$ 168

DERIVATIVE INSTRUMENTS AND HE_8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Cash Flow Hedges (Details) - Designated as hedging instruments - Interest rate swaps	12 Months Ended
	Dec. 31, 2023 USD ($)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional amount	$ 50,000,000
Cash Flow Hedges
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Amount of loss recognized in other comprehensive loss	(2,885,000)
Amount of gain reclassified from accumulated other comprehensive loss to interest expense	274,000
Notional amount	$ 100,000,000

RELATED PARTY TRANSACTIONS - Lo

RELATED PARTY TRANSACTIONS - Loan activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
RELATED PARTY TRANSACTIONS
Balance at January 1	$ 9,647	$ 11,184
Additions	909	3,645
Deductions	(1,358)	(5,182)
Balance at December 31	$ 9,198	$ 9,647

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional information (Details) - Related Party [Member] - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Related Party Transaction [Line Items]
Related Party Deposit Liabilities	$ 26,988,000	$ 27,248,000
Fair Value Disclosure, Off-balance Sheet Risks, Face Amount, Liability	$ 4,653,000	$ 4,492,000

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Total Capital (to Risk-Weighted Assets)
Actual	$ 151,381	$ 148,223
For capital adequacy purposes	77,247	73,429
Minimum capital adequacy with capital buffer	101,386	96,375
To be well capitalized under prompt corrective action provisions	$ 96,558	$ 91,786
Total - Actual	0.1568	0.1615
For capital adequacy purposes	0.0800	0.0800
Total - Minimum capital adequacy with capital buffer	0.1050	0.1050
Total - To be well capitalized under prompt corrective action provisions	0.1000	0.1000
Tier 1 Capital (to Risk-Weighted Assets)
Actual	$ 144,290	$ 139,881
For capital adequacy purposes	57,935	55,071
Minimum capital adequacy with capital buffer	82,074	78,018
To be well capitalized under prompt corrective action provisions	$ 77,247	$ 73,429
Tier 1 - Actual	0.1494	0.1524
Tier 1 - For capital adequacy purposes	0.0600	0.0600
Tier 1 - Minimum capital adequacy with capital buffer	0.0850	0.0850
Tier 1 - To be well capitalized under prompt corrective action provisions	0.0800	0.0800
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual	$ 144,290	$ 139,881
For capital adequacy purposes	43,451	41,304
Minimum Capital Adequacy With Capital Buffer	67,591	64,250
To be well capitalized under prompt corrective action provisions	$ 62,763	$ 59,661
Common Equity Tier 1 - Actual	0.1494	0.1524
Common Equity Tier 1 - For Capital Adequacy Purposes	0.0450	0.0450
Common Equity Tier 1 - Minimum Capital Adequacy With Capital Buffer	0.0700	0.0700
Common Equity Tier 1 - To be well capitalized under prompt corrective action provisions	0.0650	0.0650
Tier 1 Capital (to Average Assets)
Actual	$ 144,290	$ 139,881
For capital adequacy purposes	55,615	53,908
Minimum capital adequacy with capital buffer	55,615	53,908
To be well capitalized under prompt corrective action provisions	$ 69,518	$ 67,385
Actual	0.1038	0.1038
Tier 1 - For capital adequacy purposes	0.0400	0.0400
Tier 1 - Minimum capital adequacy with capital buffer	0.0400	0.0400
To be well capitalized under prompt corrective action provisions	0.0500	0.0500

REGULATORY MATTERS - Additional

REGULATORY MATTERS - Additional information (Details)	12 Months Ended
	Dec. 31, 2023 USD ($)
REGULATORY MATTERS
Amount Available for Dividend Distribution without Affecting Capital Adequacy Requirements	$ 23,404,000
Capital Conservation Buffer Rate	2.50%

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Credit Risk, Financial Instrument, Off-Balance Sheet Risk	$ 116,954	$ 121,938
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	2,120	2,124
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	$ 3,688	$ 3,472

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK - Additional Information (Details) - Credit Concentration Risk	Dec. 31, 2022 USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans Receivable, Secure by Commercial and Residential Real Estate	$ 811,493,000
Loans Receivable, Percentage of Loans Secure by Commercial and Residential Real Estate	89.10%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share Purchase And Dividend Reinvestment Plan Shares Transferred And Held	101,902	71,928
Share Purchase And Dividend Reinvestment Plan Number Of Shares Authorized	220,705
Share Based Compensation Arrangement By Share Based Payment Award Minimum Number Of Qualifying Shares	25
Minimum
Share Purchase And Dividend Reinvestment Plan Quarterly Voluntary Investment	$ 100
Maximum
Share Purchase And Dividend Reinvestment Plan Quarterly Voluntary Investment	$ 2,500

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	$ 392,968,000	$ 373,444,000
Marketable equity securities	1,482,000	1,699,000
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:	7,041,000	6,801,000
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	7,632,000	11,180,000
Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	82,162,000	36,418,000
Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	36,388,000	42,993,000
Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,482,000	1,699,000
Fair Value, Measurements, Recurring
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	392,968,000	373,444,000
Total recurring fair value measurements	394,450,000	375,143,000
Fair Value, Measurements, Recurring | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	7,041,000	6,801,000
Fair Value, Measurements, Recurring | Mortgage Backed Obligations Of Us Government Corporations And Agencies
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	137,992,000	131,675,000
Fair Value, Measurements, Recurring | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	7,632,000	11,180,000
Fair Value, Measurements, Recurring | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	34,050,000	33,688,000
Fair Value, Measurements, Recurring | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	87,703,000	110,689,000
Fair Value, Measurements, Recurring | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	82,162,000	36,418,000
Fair Value, Measurements, Recurring | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	36,388,000	42,993,000
Fair Value, Measurements, Recurring | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,482,000	1,699,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	7,041,000	6,801,000
Total recurring fair value measurements	8,523,000	8,500,000
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:	7,041,000	6,801,000
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	1,482,000	1,699,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	385,927,000	366,643,000
Total recurring fair value measurements	385,927,000	366,643,000
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:	137,992,000	131,675,000
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:	7,632,000	11,180,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	34,050,000	33,688,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	87,703,000	110,689,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Asset backed securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	82,162,000	36,418,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Corporate debt securities
Available-for-Sale Securities:
Debt Securities Available-for-Sale:	36,388,000	42,993,000
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 - Nonre

FAIR VALUE MEASUREMENTS - Nonrecurring - Impaired loans measured at FV (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Minimum impaired loan balance that requires an appraisal 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
Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,990,000
Impaired loans		$ 5,197,000
Fair Value, Inputs, Level 1 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Impaired loans		0
Fair Value, Inputs, Level 2 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Impaired loans		0
Fair Value, Inputs, Level 3 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,990,000
Impaired loans		5,197,000
Commercial real estate | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,990,000
Impaired loans		5,167,000
Commercial real estate | Fair Value, Inputs, Level 1 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Impaired loans		0
Commercial real estate | Fair Value, Inputs, Level 2 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	0
Impaired loans		0
Commercial real estate | Fair Value, Inputs, Level 3 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	$ 1,990,000
Impaired loans		5,167,000
Residential Real Estate | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		30,000
Residential Real Estate | Fair Value, Inputs, Level 1 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		0
Residential Real Estate | Fair Value, Inputs, Level 2 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		0
Residential Real Estate | Fair Value, Inputs, Level 3 | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		$ 30,000

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative information about Level 3 FV measurements (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Impaired loans - collateral dependent | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Estimate	$ 1,990	$ 2,370
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	(5.00%)	0%
Impaired loans - collateral dependent | Maximum | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(5.00%)	(5.00%)
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	(5.00%)	(5.00%)
Impaired Loans Receivable Discounted Cash Flow | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Valuation Technique		Discounted cash flow
Unobservable Input		Discount rate
Impaired loans - other | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Estimate		$ 2,827
Impaired loans - other | Minimum | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments		(4.00%)
Impaired loans - other | Maximum | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments		(7.00%)
Impaired loans - other | Weighted Average | Discounted Cash Flow
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments		(6.00%)

FAIR VALUE MEASUREMENTS - FV of

FAIR VALUE MEASUREMENTS - FV of Financial instruments., nonrecurring (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
FINANCIAL LIABILITIES: (Fair Value)
Accrued interest payable	$ 2,823	$ 563
Derivative Liabilities	4,501
Estimate of Fair Value Measurement [Member] | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1, Level 2, and Level 3 [Member]
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	9,462	9,441
Interest-bearing deposits in other banks	7,551	1,297
Restricted investment in bank stocks	10,885	7,136
Net loans	885,840	810,104
Mortgage servicing rights	265	319
Accrued interest receivable	5,201	4,391
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	686,321	827,399
Time deposits	292,073	160,472
Short-term borrowings	153,509	153,209
Long-term borrowings	125,343	24,090
Subordinated debentures	22,762	22,365
Accrued interest payable	2,823	563
Derivative Liabilities	4,501	0
Estimate of Fair Value Measurement [Member] | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	9,462	9,441
Interest-bearing deposits in 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	0
Accrued interest payable	0	0
Derivative Liabilities	0	0
Estimate of Fair Value Measurement [Member] | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 2
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	0	0
Interest-bearing deposits in other banks	7,551	1,297
Restricted investment in bank stocks	10,885	7,136
Net loans	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	5,201	4,391
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	686,321	827,399
Time deposits	292,073	160,472
Short-term borrowings	153,509	153,209
Long-term borrowings	125,343	24,090
Subordinated debentures	22,762	22,365
Accrued interest payable	2,823	563
Derivative Liabilities	4,501	0
Estimate of Fair Value Measurement [Member] | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 3
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	0	0
Interest-bearing deposits in other banks	0	0
Restricted investment in bank stocks	0	0
Net loans	885,840	810,104
Mortgage servicing rights	265	319
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	0
Accrued interest payable	0	0
Derivative Liabilities	0	0
Reported Value Measurement [Member] | Fair Value Measurements, Nonrecurring
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	9,462	9,441
Interest-bearing deposits in other banks	7,551	1,297
Restricted investment in bank stocks	10,885	7,136
Net loans	904,153	850,195
Mortgage servicing rights	265	319
Accrued interest receivable	5,201	4,391
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	686,321	827,399
Time deposits	294,118	166,100
Short-term borrowings	153,468	153,418
Long-term borrowings	122,000	25,000
Subordinated debentures	25,000	25,000
Accrued interest payable	2,823	563
Derivative Liabilities	$ 4,501	$ 0

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
REVENUE RECOGNITION
Fair value of trust assets	$ 109,064,000	$ 111,172,000

GOODWILL (Details)

GOODWILL (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
GOODWILL.
Goodwill	$ 19,133,000	$ 19,133,000

PARENT COMPANY FINANCIAL INFO_3

PARENT COMPANY FINANCIAL INFORMATION (BALANCE SHEETS) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Investment in banking subsidiary	$ 5,961	$ 3,763
Marketable equity securities	1,482	1,699
TOTAL ASSETS	1,415,870	1,329,194
LIABILITIES
(Receivable) advances from banking subsidiary	8,549	9,299
Subordinated Debentures	25,000	25,000
TOTAL LIABILITIES	1,294,255	1,208,808
STOCKHOLDERS' EQUITY
Common stock	12,705	12,502
Surplus	44,004	42,439
Retained earnings	100,260	100,712
Accumulated other comprehensive loss	(29,645)	(29,558)
Treasury stock, at cost	(5,709)	(5,709)
TOTAL STOCKHOLDERS' EQUITY	121,615	120,386	$ 148,555
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,415,870	1,329,194
Parent Company [Member] | Reportable Legal Entities [Member]
ASSETS
Cash	9,753	13,860
Investment in banking subsidiary	135,301	129,456
Marketable equity securities	1,482	1,699
Prepaid expenses and other assets	551	854
TOTAL ASSETS	147,087	145,869
LIABILITIES
(Receivable) advances from banking subsidiary	$ (307)	$ 168
Other Liability, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Subordinated Debentures	$ 25,000	$ 25,000
Accrued expenses and other liabilities	779	315
TOTAL LIABILITIES	25,472	25,483
STOCKHOLDERS' EQUITY
Common stock	12,705	12,502
Surplus	44,004	42,439
Retained earnings	100,260	100,712
Accumulated other comprehensive loss	(29,645)	(29,558)
Treasury stock, at cost	(5,709)	(5,709)
TOTAL STOCKHOLDERS' EQUITY	121,615	120,386
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 147,087	$ 145,869

PARENT COMPANY FINANCIAL INFO_4

PARENT COMPANY FINANCIAL INFORMATION (STATEMENTS OF INCOME) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
INCOME
Net securities losses	$ (217)	$ (120)
INCOME BEFORE INCOME TAX BENEFIT	6,244	16,318
INCOME TAX BENEFIT	684	2,294
NET INCOME	5,560	14,024
Reportable Legal Entities [Member] | Parent Company [Member]
INCOME
Dividends from subsidiary bank	1,526	6,102
Net securities losses	(217)	(93)
Other income	94	98
TOTAL INCOME	1,403	6,107
Interest on subordinated debt	1,094	1,091
Other expense	217	195
TOTAL EXPENSE	1,311	1,286
INCOME BEFORE INCOME TAX BENEFIT	92	4,821
INCOME TAX BENEFIT	(303)	(275)
Income Before Equity in Undistributed Net Income of Subsidiary	395	5,096
EQUITY IN UNDISTRIBUTED EARNINGS OF BANKING SUBSIDIARY	5,165	8,928
NET INCOME	$ 5,560	$ 14,024

PARENT COMPANY FINANCIAL INFO_5

PARENT COMPANY FINANCIAL INFORMATION (STATEMENTS OF COMPREHENSIVE INCOME (LOSS)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Condensed Financial Statements, Captions [Line Items]
Net Income	$ 5,560	$ 14,024
Other comprehensive loss:
Total other comprehensive loss	(87)	(37,146)
Total Comprehensive Income (Loss)	5,473	(23,122)
Reportable Legal Entities [Member] | Parent Company [Member]
Condensed Financial Statements, Captions [Line Items]
Net Income	5,560	14,024
Other comprehensive loss:
Equity in other comprehensive loss of banking subsidiary	(87)	(37,146)
Total other comprehensive loss	(87)	(37,146)
Total Comprehensive Income (Loss)	$ 5,473	$ (23,122)

PARENT COMPANY FINANCIAL INFO_6

PARENT COMPANY FINANCIAL INFORMATION (STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	$ 5,560	$ 14,024
Adjustments to reconcile net income to net cash provided by operating activities:
Losses on securities	217	120
Deferred income tax benefit	253	114
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,905	18,163
CASH FLOWS FROM INVESTING ACTIVITIES:
NET CASH USED IN INVESTING ACTIVITIES	(76,833)	(93,634)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends paid	(6,780)	(6,690)
NET CASH PROVIDED BY FINANCING ACTIVITIES	77,203	24,871
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	6,275	(50,600)
CASH AND CASH EQUIVALENTS, BEGINNING	10,738	61,338
CASH AND CASH EQUIVALENTS, ENDING	17,013	10,738
Reportable Legal Entities [Member] | Parent Company [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)	5,560	14,024
Adjustments to reconcile net income to net cash provided by operating activities:
Losses on securities	217	93
Deferred income tax benefit	(88)	(34)
Equity in undistributed earnings of banking subsidiary	(5,165)	(8,928)
Increase in prepaid/accrued expenses and other assets/liabilities	869	47
Decrease in advances from banking subsidiary	(474)	(245)
NET CASH PROVIDED BY OPERATING ACTIVITIES	919	4,957
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of equity securities		170
NET CASH USED IN INVESTING ACTIVITIES		170
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of common stock	1,754	1,635
Dividends paid	(6,780)	(6,690)
NET CASH PROVIDED BY FINANCING ACTIVITIES	(5,026)	(5,055)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(4,107)	72
CASH AND CASH EQUIVALENTS, BEGINNING	13,860	13,788
CASH AND CASH EQUIVALENTS, ENDING	$ 9,753	$ 13,860

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,560	$ 14,024

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false