First Keystone (FKYS) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 07, 2024
Document And Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	000-21344
Entity Registrant Name	FIRST KEYSTONE CORPORATION
Entity Incorporation, State or Country Code	PA
Entity Tax Identification Number	23-2249083
Entity Address, Address Line One	111 West Front Street
Entity Address, City or Town	Berwick
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	18603
City Area Code	570
Local Phone Number	752-3671
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,185,395
Entity Central Index Key	0000737875
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 14,292,000	$ 9,462,000
Interest-bearing deposits in other banks	1,979,000	7,551,000
Total cash and cash equivalents	16,271,000	17,013,000
Debt securities available-for-sale, at fair value	403,589,000	392,968,000
Marketable equity securities, at fair value	1,288,000	1,482,000
Restricted investment in bank stocks, at cost	11,493,000	10,885,000
Loans	922,189,000	910,864,000
Loans held for sale	305,000	214,000
Allowance for credit losses	(7,687,000)	(6,925,000)
Net loans	914,807,000	904,153,000
Premises and equipment, net	19,678,000	19,611,000
Operating lease right-of-use assets	1,453,000	1,472,000
Accrued interest receivable	5,328,000	5,201,000
Cash surrender value of bank owned life insurance	26,336,000	26,010,000
Investments in low-income housing partnerships	5,562,000	5,961,000
Goodwill	0	19,133,000
Deferred income taxes	9,351,000	8,695,000
Other assets	3,072,000	3,286,000
TOTAL ASSETS	1,418,228,000	1,415,870,000
LIABILITIES
Non-interest bearing	206,004,000	198,569,000
Interest bearing	778,205,000	781,870,000
Total deposits	984,209,000	980,439,000
Short-term borrowings	175,311,000	153,468,000
Long-term borrowings	122,000,000	122,000,000
Subordinated debentures	25,000,000	25,000,000
Operating lease liabilities	1,965,000	1,976,000
Accrued interest payable	3,698,000	2,823,000
Other liabilities	4,951,000	8,549,000
TOTAL LIABILITIES	1,317,134,000	1,294,255,000
STOCKHOLDERS' EQUITY
Preferred stock, par value $2.00 per share; authorized 1,000,000 shares as of June 30, 2024 and December 31, 2023; issued 0 as of June 30, 2024 and December 31, 2023	0	0
Common stock, par value $2.00 per share; authorized 20,000,000 shares as of June 30, 2024 and December 31, 2023; issued 6,417,006 as of June 30, 2024 and 6,352,665 as of December 31, 2023; outstanding 6,185,395 as of June 30, 2024 and 6,121,054 as of December 31, 2023	12,834,000	12,705,000
Surplus	44,740,000	44,004,000
Retained earnings	79,826,000	100,260,000
Accumulated other comprehensive loss	(30,597,000)	(29,645,000)
Treasury stock, at cost, 231,611 shares as of June 30, 2024 and December 31, 2023	(5,709,000)	(5,709,000)
TOTAL STOCKHOLDERS' EQUITY	101,094,000	121,615,000
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,418,228,000	$ 1,415,870,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
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	6,417,006	6,352,665
Common stock, shares outstanding	6,185,395	6,121,054
Treasury stock, shares	231,611	231,611

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST INCOME
Interest and fees on loans	$ 12,371,000	$ 10,379,000	$ 24,391,000	$ 20,290,000
Interest and dividend income on securities:
Taxable	4,666,000	2,833,000	9,007,000	5,701,000
Tax-exempt	279,000	261,000	552,000	611,000
Dividends	12,000	12,000	24,000	24,000
Dividend income on restricted investment in bank stocks	243,000	162,000	478,000	326,000
Interest on interest-bearing deposits in other banks	22,000	4,000	87,000	6,000
Total interest income	17,593,000	13,651,000	34,539,000	26,958,000
INTEREST EXPENSE
Interest on deposits	6,019,000	3,833,000	11,973,000	6,884,000
Interest on short-term borrowings	2,021,000	2,302,000	3,987,000	4,349,000
Interest on long-term borrowings	1,278,000	134,000	2,556,000	266,000
Interest on subordinated debt	274,000	274,000	547,000	547,000
Total interest expense	9,592,000	6,543,000	19,063,000	12,046,000
Net interest income	8,001,000	7,108,000	15,476,000	14,912,000
Provision for credit losses	510,000	34,000	774,000	34,000
Net interest income after provision for credit losses	7,491,000	7,074,000	14,702,000	14,878,000
NON-INTEREST INCOME
Trust department	254,000	248,000	498,000	478,000
Service charges and fees	568,000	571,000	1,093,000	1,096,000
Increase in cash surrender value of life insurance	164,000	153,000	326,000	302,000
ATM fees and debit card income	565,000	566,000	1,082,000	1,098,000
Net gains on sales of mortgage loans	17,000	17,000	28,000	34,000
Net securities losses	(10,000)	(69,000)	(194,000)	(125,000)
Other	63,000	53,000	132,000	108,000
Total non-interest income	1,621,000	1,539,000	2,965,000	2,991,000
NON-INTEREST EXPENSE
Salaries and employee benefits	4,153,000	3,733,000	8,707,000	8,119,000
Occupancy, net	536,000	559,000	1,101,000	1,087,000
Furniture and equipment expense	150,000	156,000	302,000	308,000
Computer expense	340,000	406,000	709,000	769,000
Professional services	466,000	346,000	899,000	781,000
Pennsylvania shares tax	244,000	241,000	450,000	482,000
FDIC insurance, net	218,000	178,000	406,000	354,000
ATM and debit card fees	258,000	278,000	480,000	585,000
Data processing fees	235,000	357,000	524,000	669,000
Advertising	163,000	154,000	267,000	228,000
Goodwill impairment			19,133,000	0
Other	903,000	749,000	1,833,000	1,528,000
Total non-interest expense	7,666,000	7,157,000	34,811,000	14,910,000
Income before income tax (benefit) expense	1,446,000	1,456,000	(17,144,000)	2,959,000
Income tax expense (benefit)	66,000	317,000	(147,000)	463,000
NET INCOME (LOSS)	$ 1,380,000	$ 1,139,000	$ (16,997,000)	$ 2,496,000
Net income (loss) per share:
Basic	$ 0.23	$ 0.19	$ (2.77)	$ 0.41
Diluted	0.23	0.19	(2.77)	0.41
Dividends per share	$ 0.28	$ 0.28	$ 0.56	$ 0.56

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Net (loss) income	$ 1,380,000	$ 1,139,000	$ (16,997,000)	$ 2,496,000
Other comprehensive income:
Unrealized net holding gains (losses) on debt securities available-for-sale arising during the period, net of income tax expense (benefit)	(3,295,000)	(3,736,000)	(3,962,000)	120,000
Less reclassification adjustment for net gains included in net income, net of income taxes of $(0) and $(21), respectively (a) (b)				(78,000)
Fair value adjustment on derivatives, net of income tax benefit	617,000	0	3,010,000
Total other comprehensive (loss) income	(2,678,000)	(3,736,000)	(952,000)	42,000
Total comprehensive (loss) income	$ (1,298,000)	$ (2,597,000)	$ (17,949,000)	$ 2,538,000

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
Other comprehensive income, unrealized Holding gain (loss) on securities arising during period, income tax	$ (875,000)	$ (993,000)	$ (1,053,000)	$ 32,000
Other comprehensive income, reclassification adjustment from AOCI for sale of securities, income tax			0	(21,000)
Other comprehensive income, fair value adjustment on derivatives, income tax	$ 167,000	$ 0	$ 753,000	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Surplus	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Cumulative Effect, Period of Adoption, Adjustment	Total
Balance at Dec. 31, 2022	$ 12,502,000	$ 42,439,000		$ 100,712,000	$ (29,558,000)	$ (5,709,000)		$ 120,386,000
Balance (in shares) at Dec. 31, 2022	6,250,763
Net (loss) income				1,357,000				1,357,000
Other comprehensive income, net of taxes					3,778,000			3,778,000
Issuance of common stock under dividend reinvestment plan	$ 41,000	381,000						422,000
Issuance of common stock under dividend reinvestment plan (in shares)	20,787
Dividends				(1,685,000)				(1,685,000)
Balance at Mar. 31, 2023	$ 12,543,000	42,820,000	$ 768,000	101,152,000	(25,780,000)	(5,709,000)	$ 768,000	125,026,000
Balance (in shares) at Mar. 31, 2023	6,271,550
Balance at Dec. 31, 2022	$ 12,502,000	42,439,000		100,712,000	(29,558,000)	(5,709,000)		120,386,000
Balance (in shares) at Dec. 31, 2022	6,250,763
Net (loss) income								2,496,000
Other comprehensive income, net of taxes								42,000
Balance at Jun. 30, 2023	$ 12,593,000	43,217,000		100,600,000	(29,516,000)	(5,709,000)		121,185,000
Balance (in shares) at Jun. 30, 2023	6,296,383
Balance at Mar. 31, 2023	$ 12,543,000	42,820,000	$ 768,000	101,152,000	(25,780,000)	(5,709,000)	$ 768,000	125,026,000
Balance (in shares) at Mar. 31, 2023	6,271,550
Net (loss) income				1,139,000				1,139,000
Other comprehensive income, net of taxes					(3,736,000)			(3,736,000)
Issuance of common stock under dividend reinvestment plan	$ 50,000	397,000						447,000
Issuance of common stock under dividend reinvestment plan (in shares)	24,833
Dividends				(1,691,000)				(1,691,000)
Balance at Jun. 30, 2023	$ 12,593,000	43,217,000		100,600,000	(29,516,000)	(5,709,000)		121,185,000
Balance (in shares) at Jun. 30, 2023	6,296,383
Balance at Dec. 31, 2023	$ 12,705,000	44,004,000		100,260,000	(29,645,000)	(5,709,000)		121,615,000
Balance (in shares) at Dec. 31, 2023	6,352,665
Net (loss) income				(18,377,000)				(18,377,000)
Other comprehensive income, net of taxes					1,726,000			1,726,000
Issuance of common stock under dividend reinvestment plan	$ 65,000	396,000						461,000
Issuance of common stock under dividend reinvestment plan (in shares)	32,229
Dividends				(1,714,000)				(1,714,000)
Balance at Mar. 31, 2024	$ 12,770,000	44,400,000		80,169,000	(27,919,000)	(5,709,000)		103,711,000
Balance (in shares) at Mar. 31, 2024	6,384,894
Balance at Dec. 31, 2023	$ 12,705,000	44,004,000		100,260,000	(29,645,000)	(5,709,000)		121,615,000
Balance (in shares) at Dec. 31, 2023	6,352,665
Net (loss) income								(16,997,000)
Other comprehensive income, net of taxes								(952,000)
Balance at Jun. 30, 2024	$ 12,834,000	44,740,000		79,826,000	(30,597,000)	(5,709,000)		101,094,000
Balance (in shares) at Jun. 30, 2024	6,417,006
Balance at Mar. 31, 2024	$ 12,770,000	44,400,000		80,169,000	(27,919,000)	(5,709,000)		103,711,000
Balance (in shares) at Mar. 31, 2024	6,384,894
Net (loss) income				1,380,000				1,380,000
Other comprehensive income, net of taxes					(2,678,000)			(2,678,000)
Issuance of common stock under dividend reinvestment plan	$ 64,000	340,000						404,000
Issuance of common stock under dividend reinvestment plan (in shares)	32,112
Dividends				(1,723,000)				(1,723,000)
Balance at Jun. 30, 2024	$ 12,834,000	$ 44,740,000		$ 79,826,000	$ (30,597,000)	$ (5,709,000)		$ 101,094,000
Balance (in shares) at Jun. 30, 2024	6,417,006

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Cash dividends, per share	$ 0.28	$ 0.28	$ 0.28	$ 0.28

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (16,997,000)	$ 2,496,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses on loans	774,000	34,000
Provision for credit losses on unfunded commitments	29,000	45,000
Goodwill impairment	19,133,000	0
Depreciation and amortization	553,000	540,000
Net premium amortization on securities	285,000	799,000
Deferred income tax (benefit) expense	(357,000)	34,000
Common stock issued	855,000	856,000
Net gains on sales of mortgage loans	(28,000)	(34,000)
Proceeds from sales of mortgage loans originated for sale	1,599,000	1,121,000
Originations of mortgage loans originated for sale	(1,662,000)	(1,016,000)
Net securities losses	194,000	125,000
(Increase) decrease in accrued interest receivable	(127,000)	218,000
Increase in cash surrender value of bank owned life insurance	(326,000)	(302,000)
Net losses on disposals of premises and equipment	2,000	2,000
Decrease (increase) in other assets	201,000	(87,000)
Amortization of investment in low-income housing partnerships	409,000	106,000
Increase in accrued interest payable	875,000	608,000
Increase (decrease) increase in other liabilities	122,000	(5,188,000)
NET CASH PROVIDED BY OPERATING ACTIVITIES	5,534,000	357,000
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sales of equity securities and debt securities available-for-sale	0	23,230,000
Proceeds from maturities and redemptions of debt securities available-for-sale	42,518,000	17,987,000
Purchases of debt securities available-for-sale	(58,439,000)	0
Net change in restricted investment in bank stocks	(608,000)	(1,481,000)
Net increase in loans	(11,337,000)	(12,873,000)
Purchase of premises and equipment	(576,000)	(1,251,000)
Purchase of investment in real estate venture	(10,000)	(1,834,000)
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(28,452,000)	23,778,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	3,770,000	(57,658,000)
Net increase in short-term borrowings	21,843,000	39,941,000
Repayment of finance lease obligations	0	(5,000)
Dividends paid	(3,437,000)	(3,376,000)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	22,176,000	(21,098,000)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(742,000)	3,037,000
CASH AND CASH EQUIVALENTS, BEGINNING	17,013,000	10,738,000
CASH AND CASH EQUIVALENTS, ENDING	16,271,000	13,775,000
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	18,188,000	11,438,000
Income taxes paid	0	209,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES
Common stock subscription receivable	10,000	13,000
Right-of-use assets obtained in exchange for lease liabilities	$ 33,000	$ 33,000

BASIS OF PRESENTATION, SUMMARY

BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS
BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS	NOTE 1 ― BASIS OF PRESENTATION, SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND SUBSEQUENT EVENTS The consolidated financial statements include the accounts of First Keystone Corporation (the “Corporation”) and its wholly owned subsidiary First Keystone Community Bank (the “Bank”) (collectively the “Company”). All significant intercompany accounts and transactions have been eliminated. The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments considered necessary for fair presentation have been included. Operating results for the three and six months ended June 30, 2024, are not necessarily indicative of the results for the year ending December 31, 2024. For further information, refer to the consolidated financial statements and notes thereto included in First Keystone Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023. Subsequent Events The Company has evaluated events and transactions occurring subsequent to the consolidated balance sheet date of June 30, 2024 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued.

RECENT ACCOUNTING STANDARDS UPD

RECENT ACCOUNTING STANDARDS UPDATES ("ASU")	6 Months Ended
	Jun. 30, 2024
RECENT ACCOUNTING STANDARDS UPDATES ("ASU")
RECENT ACCOUNTING STANDARDS UPDATES ("ASU")	NOTE 2 ― RECENT ACCOUNTING STANDARDS UPDATES (“ASU”) Adopted ASUs: Pending ASUs: 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 Company 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 Company’s financial statements. ​

SECURITIES

SECURITIES	6 Months Ended
	Jun. 30, 2024
SECURITIES
SECURITIES	NOTE 3 — SECURITIES Debt Securities The Company classifies its securities as either “Held-to-Maturity” or “Available-for-Sale” at the time of purchase. Securities are accounted for on a trade date basis. Debt securities are classified as Held-to-Maturity when the Company has the ability and positive intent to hold the securities to maturity. Securities classified as Held-to-Maturity are carried at cost adjusted for amortization of premium and accretion of discount to maturity. At June 30, 2024 and December 31, 2023, 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 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 from securities. Realized gains and losses are included in net securities gains and losses. The cost of securities sold, redeemed or matured is based on the specific identification method. The Corporation invests in various forms of agency debt including residential and commercial mortgage-backed 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 LoanProgram (“FFELP”) which carry a 97% federal government guarantee. Corporate debt securities consist of senior debt and subordinated debt holdings. There was no allowance for credit losses for Available-For-Sale debt securities as of June 30, 2024; 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 June 30, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Debt Securities Available-for-Sale (Dollars in thousands) ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair June 30, 2024: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,896 ​ $ — ​ $ (893) ​ $ 7,003 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 157,735 ​ ​ 35 ​ ​ (15,395) ​ ​ 142,375 Other ​ 5,949 ​ 95 ​ (41) ​ 6,003 Other mortgage backed securities ​ 51,082 ​ 109 ​ (2,563) ​ 48,628 Obligations of state and political subdivisions ​ 95,673 ​ 15 ​ (11,047) ​ 84,641 Asset-backed securities ​ 85,262 ​ 289 ​ (480) ​ 85,071 Corporate debt securities ​ 38,011 ​ 92 ​ (8,235) ​ 29,868 Total ​ $ 441,608 ​ $ 635 ​ $ (38,654) ​ $ 403,589 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 with an aggregate fair value of $326,659,000 at June 30, 2024 and $249,114,000 at December 31, 2023, were pledged to secure public funds, trust funds, securities sold under agreements to repurchase and the Federal Discount Window aggregating $184,259,000 at June 30, 2024 and $182,050,000 at December 31, 2023. The amortized cost and estimated fair value of debt securities, by contractual maturity, are shown below at June 30, 2024. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ Debt Securities Available-For-Sale (Dollars in thousands) ​ ​ ​ ​ U.S. Government ​ Other ​ Obligations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency & ​ Mortgage ​ of State ​ Asset ​ Corporate ​ U.S. Treasury Sponsored Agency Backed Debt & Political Backed Debt ​ Securities Obligations 1 Securities 1 Subdivisions Securities Securities Within 1 Year: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ — ​ $ — ​ $ 2,950 ​ $ 5,590 ​ $ — ​ $ — Fair value ​ — ​ — ​ 2,925 ​ 5,511 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 5 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 7,896 ​ 6,939 ​ 1,202 ​ 14,293 ​ — ​ 1,244 Fair value ​ 7,003 ​ 6,898 ​ 1,157 ​ 13,743 ​ — ​ 1,212 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 - 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 4,624 ​ 1,378 ​ 26,245 ​ 4,648 ​ 31,678 Fair value ​ — ​ 4,692 ​ 1,376 ​ 22,576 ​ 4,622 ​ 28,217 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 152,121 ​ 45,552 ​ 49,545 ​ 80,614 ​ 5,089 Fair value ​ — ​ 136,788 ​ 43,170 ​ 42,811 ​ 80,449 ​ 439 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ 7,896 ​ $ 163,684 ​ $ 51,082 ​ $ 95,673 ​ $ 85,262 ​ $ 38,011 Fair value ​ 7,003 ​ 148,378 ​ 48,628 ​ 84,641 ​ 85,071 ​ 29,868 1 Mortgage-backed securities are allocated for maturity reporting at their original maturity date. ​ At June 30, 2024 and December 31, 2023, 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 June 30, 2024: ​ Value Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 29,712 ​ Velocity Commercial Capital ​ ​ 25,583 ​ Nelnet Student Loan Trust ​ 16,904 ​ Navient Student Loan Trust ​ ​ 11,739 ​ ​ ​ ​ ​ ​ ​ (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 ​ ​ There were no proceeds from sales of Debt Securities Available-For-Sale for the three months ended June 30, 2024 and 2023. Therefore, there were no gains or losses realized during these periods. Proceeds from sales of Debt Securities Available-For-Sale for the six months ended June 30, 2024 and 2023 were $0 and $23,230,000, respectively. Gross gains realized on these sales were $0 and $447,000, respectively. Gross losses on these sales were $0 and $348,000 respectively. The summary below shows the gross unrealized losses and fair value of the Company’s debt securities. Totals are aggregated by investment category where individual securities have been in a continuous loss position for less than 12 months or 12 months or more as of June 30, 2024 and December 31, 2023: June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ $ — ​ $ — ​ $ 7,003 ​ $ (893) ​ $ 7,003 ​ $ (893) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 27,412 ​ ​ (138) ​ ​ 101,754 ​ ​ (15,257) ​ ​ 129,166 ​ ​ (15,395) Other ​ — ​ ​ — ​ ​ 2,416 ​ ​ (41) ​ 2,416 ​ (41) Other mortgage-backed debt securities ​ 20,636 ​ ​ (363) ​ ​ 21,224 ​ ​ (2,200) ​ 41,860 ​ (2,563) Obligations of state and political subdivisions ​ 1,246 ​ ​ (9) ​ ​ 80,387 ​ ​ (11,038) ​ 81,633 ​ (11,047) Asset-backed securities ​ 30,739 ​ ​ (134) ​ ​ 7,019 ​ ​ (346) ​ 37,758 ​ (480) Corporate debt securities ​ 4,259 ​ ​ (4,868) ​ ​ 24,742 ​ ​ (3,367) ​ 29,001 ​ (8,235) Total ​ $ 84,292 ​ $ (5,512) ​ $ 244,545 ​ $ (33,142) ​ $ 328,837 ​ $ (38,654) ​ ​ 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) ​ There were 178 individual debt securities in an unrealized loss position as of June 30, 2024, with a combined decline in value representing 8.61% of the debt securities portfolio. There were 177 individual debt securities in an unrealized loss position as of December 31, 2023, with their combined decline in value representing 7.75% of the debt securities portfolio. 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 its 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. The Company 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 Company’s consolidated balance sheet and totaled $2,383,000 as of June 30, 2024. 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 June 30, 2024, 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 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. At June 30, 2024 and December 31, 2023, the Company had $1,288,000 and $1,482,000, respectively, in equity securities recorded at fair value. The following is a summary of realized gains and losses recognized in net income on equity securities during the six months ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Six months ended ​ Six months ended ​ ​ June 30, 2024 June 30, 2023 Net losses from market value fluctuations recognized during the period on equity securities ​ $ (194) ​ $ (224) ​ Less: Net gains recognized during the period on equity securities sold during the period ​ — ​ — ​ Net losses recognized during the reporting period on equity securities still held at the reporting date ​ $ (194) ​ $ (224) ​ ​ 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.

LOANS AND ALLOWANCE FOR CREDIT

LOANS AND ALLOWANCE FOR CREDIT LOSSES	6 Months Ended
	Jun. 30, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES
LOANS AND ALLOWANCE FOR CREDIT LOSSES	NOTE 4 — LOANS AND ALLOWANCE FOR CREDIT LOSSES Loans Net loans are stated at their outstanding recorded investment, net of deferred fees and costs, unearned income and the allowance for credit losses. Interest on loans is recognized as income over the term of each loan, generally, by the accrual method. Loan origination fees and certain direct loan origination costs have been deferred with the net amount amortized using the straight line method or the interest method over the contractual life of the related loans as an interest yield adjustment. The loans receivable portfolio is segmented into the following segments: Real Estate (including both commercial and residential loans), Agricultural, Commercial and Industrial, Consumer, and State and Political Subdivisions. Real Estate Lending The Company engages in real estate lending to commercial borrowers in its primary market area and surrounding areas. The commercial component of the Company’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 Company performs a thorough analysis of the financial condition of the borrower, the borrower’s credit history, and the reliability and predictability of the cash flow generated by the property securing the loan. The value of the property is determined by either independent appraisers or internal evaluations performed by Bank officers. 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 successful operation of the related real estate project and/or the effect of the general economic conditions on income producing properties. The residential component of the Company’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 Company’s marketing efforts, its present customers, walk-in customers and referrals. These loans are originated primarily with customers from the Company’s market area. The Company’s one-to-four family residential mortgage originations are secured principally by properties located in its primary market area and surrounding areas. The Company offers fixed-rate mortgage loans with terms up to a maximum of thirty years for both permanent structures and those under construction. Loans with terms of thirty years are normally held for sale and sold without recourse; most of the residential mortgages held in the Company’s residential real estate portfolio have maximum terms of twenty years. Generally, the majority of the Company’s residential mortgage loans originate with a loan-to-value of eighty percent or less, or those with private mortgage insurance at ninety-five percent or less. Home equity term loans are secured by the borrower’s primary residence and typically have a maximum loan-to-value of eighty percent and a maximum term of fifteen years. In general, home equity lines of credit are secured by the borrower’s primary residence with a maximum loan-to-value of eighty percent and a maximum term of twenty years. In underwriting one-to-four family residential mortgage loans, the Company evaluates the borrower’s ability to make monthly payments, the borrower’s prior loan repayment history and the value of the property securing the loan. The ability and willingness to repay is assessed based upon the borrower’s employment history, current financial conditions and credit background. A majority of the properties securing residential real estate loans made by the Company are appraised by independent appraisers. The Company generally requires mortgage loan borrowers to obtain an attorney’s title opinion or title insurance and fire and property insurance, including flood insurance, if applicable. Residential mortgage loans, home equity term loans and home equity lines of credit generally present a lower level of risk than consumer loans because they are secured by the borrower’s primary residence. Risk is increased when the Company is in a subordinate position, especially to another lender, for the loan collateral. Residential mortgage loans held for sale are carried at the lower of cost or market on an aggregate basis determined by independent pricing from appropriate federal or state agency investors. These loans are sold without recourse. Loans held for sale amounted to $305,000 and $214,000 at June 30, 2024 and December 31, 2023, respectively. Agricultural Lending The Company 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 Company’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, the borrower’s capital and collateral, and the past, present, and future cash flows of the borrower, as well as the agricultural industry as a whole. In general, these loans would be secured by cropland, pastureland, orchardland, or timberland that is committed to ongoing management and agricultural production, with a maximum loan-to-value ratio of seventy percent and a maximum term of ten years. Commercial and Industrial Lending The Company originates commercial and industrial loans principally to businesses located in its primary market area and surrounding areas. These loans are used for various business purposes, which include short-term loans and lines of credit to finance machinery and equipment, inventory and accounts receivable. Generally, the maximum term for loans extended on machinery and equipment is based on the projected useful life of such machinery and equipment. Most business lines of credit are written on demand and are reviewed annually. Commercial and industrial loans are generally secured with short-term assets; however, in many cases, additional collateral such as real estate is provided as additional security for the loan. Loan-to-value maximum thresholds have been established by the Company and are specific to the type of collateral. Collateral values may be determined using invoices, inventory reports, accounts receivable aging reports, business financial statements, collateral appraisals or internal evaluations, etc. Commercial and industrial loans are typically supported by personal guarantees of the borrower. In underwriting commercial and industrial loans, an analysis is performed to evaluate the borrower’s character and capacity to repay the loan, the adequacy of the borrower’s capital and collateral, as well as the conditions affecting the borrower. Evaluation of the borrower’s past, present and future cash flows is also an important aspect of the Company’s analysis of the borrower’s ability to repay. Commercial and industrial loans generally present a higher level of risk than other types of loans due primarily to the effect of general economic conditions. Commercial and industrial loans are typically made on the basis of the borrower’s ability to make repayment from cash flows from the borrower’s primary business activities. As a result, the availability of funds for the repayment of commercial and industrial loans is dependent on the success of the business itself, which in turn, is likely to be dependent upon the general economic environment. As an addition to the commercial loans receivable portfolio, the Company may purchase the guaranteed portion of loans secured by the U.S. Government. The originating bank retains the unguaranteed portion of the loan. The loans are sponsored by one of the various government agencies including the SBA, United States Department of Agriculture (“USDA”), and the Farm Service Agency (“FSA”). Government Guaranteed Loans ("GGLs") carry no credit risk due to an unconditional and irrevocable guarantee (which is supported by the full faith and credit of the U.S. Government) on all principal and the balance of interest accruing through ninety days beyond the date that demand is made to the originating bank for repurchase of the loan. As of June 30, 2024, the Company's balance of GGLs was $4,380,000, compared to $4,470,000 at December 31, 2023. Consumer Lending The Company offers a variety of secured and unsecured consumer loans, including vehicle loans, stock secured loans and loans secured by financial institution deposits. These loans originate primarily with customers from the Company’s market area. Consumer loan terms vary according to the type and value of collateral and creditworthiness of the borrower. In underwriting personal loans, a thorough analysis is performed regarding the borrower’s willingness and financial ability to repay the loan as agreed. The ability and willingness to repay is assessed based upon the borrower’s employment history, current financial condition and credit background. Consumer loans may entail greater credit risk than residential real estate loans, particularly in the case of personal loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, repossessed collateral for a defaulted personal loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, personal loan collections are dependent on the borrower’s continuing financial stability and therefore, are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. State and Political Subdivisions Lending The Company, from time to time, may originate loans to state and political subdivisions that are within the Company’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. Delinquent notices are generated automatically when a loan is 10 or 15 days past-due, depending on loan type. Collection efforts continue on past-due loans that have not been brought current, when it is believed that some chance exists for improvement in the status of the loan. Past-due loans are continually evaluated with the determination for charge-off being made when no reasonable chance remains that the status of the loan can be improved. Commercial and industrial 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 collateral deficiency exists. Because all or part of the contractual cash flows are not expected to be collected, the loan is considered to be impaired, and the Company estimates the impairment based on its analysis of the cash flows or collateral estimated at fair value less cost to sell. Should a GGL default, demand is made to the originating bank for repurchase of the loan. If the originating bank does not repurchase the loan, demand for repurchase is then made to the appropriate government agency which has provided the guarantee for the loan. 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. Loans with collateral are written down to the estimated fair value of the collateral less cost to sell. Existing loans in which the borrower has declared bankruptcy are considered on a case by case basis to determine whether repayment is likely to occur (e.g. reaffirmation by the borrower with demonstrated repayment ability). Otherwise, loans are charged off in full or written down to the estimated fair value of collateral less cost to sell. Generally, a loan is classified as non-accrual and the accrual of interest on such a loan is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collectability of principal or interest. A loan may remain on accrual status if it is well secured (or supported by a strong guarantee) and in the process of collection. When a loan is placed on non-accrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against interest income. Certain non-accrual loans may continue to perform; that is, payments are still being received. Generally, the payments are applied to principal. These loans remain under constant scrutiny, and if performance continues, interest income may be recorded on a cash basis based on management's judgment regarding the collectability of principal. Allowance for Credit Losses - Loans 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 Company completed a one-time adjustment on January 1, 2023 to decrease the ACL at the adoption of ASU 2016-13 through retained earnings, but all subsequent adjustments will be established through provisions for credit losses charged against income. Loans deemed to be uncollectible are charged against the ACL and subsequent recoveries, if any, are credited to the allowance. The ACL is maintained at a level estimated by management to be adequate to absorb potential loan losses. Management’s periodic evaluation of the adequacy of the ACL is based on specific expectations for the future economic environment that are incorporated in the projection, with loss expectations to revert to the long-run historical mean after such time as management can make or obtain a reasonable and supportable forecast. Management also considers the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may impact the borrower’s ability to repay (including the timing of future payments), the estimated value of any underlying collateral (if the loan is collateral dependent), composition of the loan portfolio, and other relevant factors. This evaluation is inherently subjective as it requires material estimates based on management’s judgment regarding the projection of expected credit losses over the contractual lifetime of the loans. Modeling of the ACL uses sophisticated statistical techniques to arrive at reasonable and supportable forecasts of expected losses. The Company has contracted with a third-party vendor to assist in developing models for the ACL related to the Company’s loan portfolio under ASU 2016-13. The Company 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 Company considers forward-looking information that is 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 requires reverting to historical loss information, or an appropriate proxy, for those periods beyond the reasonable and supportable forecast period (often referred to as the reversion period). The Company may revert to historical loss information for each individual forecast input or based on the entire estimate of loss. Reversion to historical loss information may be immediate, occur on a straight-line basis, or use any systematic/rational method. Management may apply different reversion techniques depending on the economic environment or applicable loan portfolio. The methodology used to determine the ACL also includes a qualitative component in which the Company 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 level of the Company’s ACL may not always be directionally consistent with changes in the level of qualitative factor adjustments due to the incorporation of reasonable and supportable forecasts in estimating expected losses. Management considers qualitative factors that are relevant to the Company as of the reporting date, which may include but are not limited to: 1) changes in lending policies and procedures, including changes in underwriting standards and collection, charge-off, and recovery practices not considered elsewhere; 2) changes in international, national, regional, and local economic and business conditions and developments that affect the collectability of the loan portfolio, including the condition of various market segments; 3) changes in the nature and volume of the loan portfolio; 4) changes in the experience, ability, and depth of management and other relevant staff; 5) changes in the volume and severity of past due loans, the volume of non-accrual loans, and the volume and severity of adversely classified or graded loans; 6) changes in the quality of the Company’s loan review system; 7) changes in the value of underlying collateral for collateral dependent loans; 8) the existence and effect of any concentrations of credit and changes in the level of such concentrations; and 9) the effect of other external factors such as competition and legal and regulatory requirements on the level of estimated credit losses in the Company’s existing loan portfolio. The Company’s ACL is calculated by collectively evaluating and individually evaluating loans. The Company collectively evaluates applicable loans based on segments according to their homogeneous characteristics, aligned with the segmentation of the FDIC Bank Call Report. The Company 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 Company 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 may evaluate loans on an individual basis even when no specific expectation of collectability is in place. Loans deemed to be impaired are specifically identified and measured for impairment. A loan is deemed to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the loan agreement. Loans to be considered for impairment include all non-accrual loans or any other selected loans where full collection is unlikely. Factors considered by management in determining impairment include payment status and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Once identified as impaired, the loans are measured individually for impairment based on one of the following methods: • 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 cover the calculated amount of impairment as determined by the methods listed above, referred to as a specific allocation. Loans individually evaluated for impairment may also have a zero specific allocation if the loans are deemed to have no impairment, or if the amount of the impairment will be charged off. ASU 2022-02, Loan Modifications Experiencing Financial Difficulty, ​ 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 maturity date at an interest rate lower than the current market rate for new debt with similar risk, (c) a temporary period of interest-only payments, and (d) a reduction in the contractual payment amount for either a short period or for the remaining term of the loan. A less common concession would be forgiveness of a portion of the loan’s principal. Loans so modified remain collectively evaluated for determination of expected credit losses, unless, during the process of evaluation, it is determined that the loan should be placed on non-accrual status until the Company determines that future collection of principal and interest is reasonably assured or the loan is otherwise deemed to be collateral dependent. ​ 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 considering any collateral or guarantee arrangements that are not free-standing contracts. Factors considered by management when evaluating whether expectations of zero credit loss are appropriate may include, but are not limited to: 1) a long history of zero credit loss; 2) full securitization by cash or cash equivalents; 3) high credit ratings from rating agencies with no expected future downgrade; 4) principal and interest payments that are guaranteed by the U.S. government; 5) the issuer, guarantor, or sponsor can print its own currency and the currency is held by other central banks as reserve currency; and 6) the interest rate on the security is recognized as a risk-free rate. 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 since origination, as determined by the Company’s assessment. The Company does not possess loans classified as purchased credit deterioration at this time. Should the Company acquire purchased loans, these loans will be evaluated to determine if they are PCD. 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 standby letters of credit. The reserve for unfunded lending commitments represents management’s estimate of losses inherent in its unfunded loan commitments and, if necessary, is recorded in other liabilities on the consolidated balance sheets. As of June 30, 2024 and December 31, 2023, the amount of the reserve for unfunded lending commitments was The Company made a policy election to exclude accrued interest receivable from the amortized cost basis of loans. Accrued interest receivable on loans is reported as a component of accrued interest receivable on the Company’s consolidated balance sheet and totaled $2,650,000 as of June 30, 2024 compared to $2,476,000 at December 31, 2023. Accrued interest receivable on loans is excluded from the estimate of credit losses. The Company is subject to periodic examination by its federal and state examiners, and may be required by such regulators to recognize additions to the ACL based on their assessment of credit information available to them at the time of their examinations. The Company utilizes a risk grading matrix as a tool for managing credit risk in the loan portfolio and assigns an asset quality rating (risk grade) to all loans. An asset quality rating is assigned using the guidance provided in the Company’s loan policy. Primary responsibility for assigning the asset quality rating rests with the credit department. The asset quality rating is validated periodically by both an internal and external loan review process. The commercial loan grading system focuses on a borrower’s financial strength and performance, experience and depth of management, primary and secondary sources of repayment, the nature of the business and the outlook for the particular industry. Primary emphasis is placed on financial condition and trends. The grade also reflects current economic and industry conditions; as well as other variables such as liquidity, cash flow, revenue/earnings trends, management strengths or weaknesses, quality of financial information, and credit history. The loan grading system for residential real estate 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, leverage position, management expertise, and repayment history. At the low-risk end of the rating scale, a risk grade of 1 – Minimal Risk is the grade reserved for loans with exceptional credit fundamentals and virtually no risk of default or loss. Loan grades then progress through escalating ratings of 2 through 6 based upon risk. Risk Grade 2 – Modest Risk are loans with sufficient cash flows; Risk Grade 3 – Average Risk are loans with key balance sheet ratios slightly above the borrower’s peers; Risk Grade 4 – Acceptable Risk are loans with key balance sheet ratios usually near the borrower’s peers, but one or more ratios may be higher; and Risk Grade 5 – Marginally Acceptable are loans with strained cash flow, increasing leverage and/or weakening markets. Risk Grade 6 – Management Attention are loans with weaknesses resulting from declining performance trends and the borrower’s cash flows may be temporarily strained. Loans in this category are performing according to terms, but present some type of potential concern. Risk Grade 7 − SPECIAL MENTION (Non-Pass Category) Assets in this category are adequately collateralized but have potential weakness which may, if not checked or corrected, weaken the asset or inadequately protect the Company’s credit position at some future date. The loans may constitute increased credit risk, but not to the point of justifying a classification of substandard. No loss of principal or interest is envisioned, but risk is increasing beyond that at which the loan originally would have been granted. Historically, cash flows are inconsistent; financial trends show some deterioration. Liquidity and leverage are above industry averages. Financial information could be incomplete or inadequate. A Special Mention asset has potential weaknesses that deserve management’s close attention. Risk Grade 8 − SUBSTANDARD (Non-Pass Category) Generally, these assets are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Assets so classified must have “well-defined” weaknesses that jeopardize the full liquidation of the debt. These loans are characterized by the distinct possibility that the Company will sustain some loss if the aggregate amount of substandard assets is not fully covered by the liquidation of the collateral used as security. Substandard loans have a high probability of payment default and require more intensive supervision by Company management. Risk Grade 9 − DOUBTFUL (Non-Pass Category) Generally, loans graded doubtful have all the weaknesses inherent in a substandard loan with the added fa

DEPOSITS

DEPOSITS	6 Months Ended
	Jun. 30, 2024
DEPOSITS
DEPOSITS	NOTE 5 — DEPOSITS Major classifications of deposits at June 30, 2024 and December 31, 2023 consisted of: ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, ​ December 31, ​ ​ 2024 2023 Non-interest bearing demand $ 206,004 ​ $ 198,569 Interest bearing demand ​ 263,637 ​ 275,472 Savings ​ 201,789 ​ 212,280 Time certificates of deposits less than $250,000 ​ 275,059 ​ 259,841 Time certificates of deposits $250,000 or greater ​ 36,234 ​ 33,185 Other time ​ 1,486 ​ 1,092 Total deposits ​ $ 984,209 ​ $ 980,439 ​ Total deposits increased $3,770,000 to $984,209,000 as of June 30, 2024 due to increases in non-interest bearing demand and time deposits. The increase in deposits was mainly the result of increased time deposits as the result of new higher rate CD promotions during the first half of 2024, offset by a $5,208,000 decrease in municipal deposits.

BORROWINGS

BORROWINGS	6 Months Ended
	Jun. 30, 2024
BORROWINGS
BORROWINGS	NOTE 6 — BORROWINGS Short-Term Borrowings Short-term borrowings include federal funds purchased, securities sold under agreements to repurchase, the Federal Discount Window, and Federal Home Loan Bank of Pittsburgh (“FHLB”) advances, which generally represent overnight or less than 30-day borrowings. ​ Short-term borrowings and weighted–average interest rates at June 30, 2024 and December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2024 ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ 6.59 % ​ $ — 6.57 % Securities sold under agreements to repurchase ​ 27,109 ​ 4.38 % ​ 19,708 3.28 % ​ Federal Discount Window ​ — ​ 5.51 % ​ 1 4.99 % ​ Federal Home Loan Bank of Pittsburgh ​ 148,202 ​ 5.76 % ​ 133,759 5.45 % ​ Total ​ $ 175,311 ​ 5.52 % ​ $ 153,468 5.21 % ​ ​ Securities Sold Under Agreements to Repurchase (“Repurchase Agreements”) The Company enters into agreements under which it sells securities subject to an obligation to repurchase the same or similar securities. Under these arrangements, the Company may transfer legal control over the assets but still retain effective control through an agreement that both entitles and obligates the Company to repurchase the assets. As a result, these repurchase agreements are accounted for as collateralized financing agreements (i.e., secured borrowings) and not as a sale and subsequent repurchase of securities. The obligation to repurchase the securities is reflected as a liability on the Company’s consolidated balance sheets, while the securities underlying the repurchase agreements remain in the respective investment securities asset accounts. In other words, there is not offsetting or netting of the investment securities assets with the repurchase agreement liabilities. In addition, as the Company does not enter into reverse repurchase agreements, there is no such offsetting to be done with the repurchase agreements. The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral would be used to settle the fair value of the repurchase agreement should the Company be in default (e.g., fails to make an interest payment to the counterparty). The collateral is held by a correspondent bank in the counterparty’s custodial account. The counterparty has the right to sell or repledge the investment securities. The following table presents the short-term borrowings subject to an enforceable master netting arrangement or repurchase agreements as of June 30, 2024 and December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 June 30, 2024 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 27,109 ​ $ — ​ $ 27,109 ​ $ (27,109) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 19,708 ​ $ — ​ $ 19,708 ​ $ (19,708) ​ $ — ​ $ — (a) As of June 30, 2024 and December 31, 2023, the fair value of securities pledged in connection with repurchase agreements was $37,880,000 and $28,902,000 , respectively. The following table presents the remaining contractual maturity of the master netting arrangement or repurchase agreements as of June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 27,109 ​ $ — ​ $ — ​ $ — ​ $ 27,109 Total ​ $ 27,109 ​ $ — ​ $ — ​ $ — ​ $ 27,109 ​ Long-Term Borrowings and Letters of Credit Long-term borrowings are comprised of advances from the FHLB. The Company’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 Company immediately due. In addition, FHLB shall not be required to fund advances under any outstanding commitments. As of June 30, 2024 and December 31, 2023, the Company had Irrevocable standby letters of credit may be issued to a customer/beneficiary by the FHLB on the Company’s behalf in order to secure public/municipal unit deposits, provide credit enhancement to certain transaction types, or to support payment obligations to third parties. These irrevocable standby letters of credit are supported by an irrevocable and independent guarantee by the FHLB for the Company’s pledging obligation to secure public/municipal unit deposits which eliminates the need for the Company to pledge collateral in the amount necessary to secure these funds. There were no irrevocable standby letters of credit which could be drawn on through FHLB’s close of business on June 30, 2024. 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 Corporation’s banking subsidiary. Principal qualifying assets are certain real estate mortgages and investment securities. As of June 30, 2024, loans of $761,536,000 were pledged to FHLB which resulted in a FHLB maximum borrowing capacity of $532,749,000. As of June 30, 2024, no securities were pledged as collateral to FHLB to secure FHLB loans and letters of credit.

SUBORDINATED DEBT

SUBORDINATED DEBT	6 Months Ended
	Jun. 30, 2024
SUBORDINATED DEBT
SUBORDINATED DEBT	NOTE 7 — SUBORDINATED DEBT On December 10, 2020, the Corporation issued $25,000,000 aggregate principal amount of Subordinated Notes due 2030 (the “2020 Notes”) to accredited investors. The 2020 Notes are intended to be treated as Tier 2 capital for regulatory capital purposes. The Company utilized the net proceeds it received from the sale of the 2020 Notes to support organic growth and for general corporate purposes. The 2020 Notes bear a fixed interest rate of 4.375% per year for the first five years and then float based on a benchmark rate (as defined). Interest is payable semi-annually in arrears on June 30 and December 31 of each year, which began on June 30, 2021, for the first five years after issuance and will be payable quarterly in arrears thereafter on March 31, June 30, September 30 and December 31. The 2020 Notes will mature on December 31, 2030 and are redeemable in whole or in part, without premium or penalty, at any time on or after December 31, 2025 and prior to December 31, 2030. Additionally, if all or any portion of the 2020 Notes cease to be deemed Tier 2 capital, the Corporation may redeem, in whole and not in part, at any time upon giving not less than ten days’ notice, an amount equal to one hundred percent (100%) of the principal amount outstanding plus accrued but unpaid interest to but excluding the date fixed for redemption. Holders of the 2020 Notes may not accelerate the maturity of the 2020 Notes, except upon the bankruptcy, insolvency, liquidation, receivership or similar law of the Corporation or the Bank.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2024
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 8 — COMMITMENTS AND CONTINGENCIES In the normal course of business, there are various pending legal actions and proceedings that are not reflected in the consolidated financial statements. Management does not believe the outcome of these actions and proceedings will have a material effect on the consolidated financial position or results of operations of the Company. The Company currently leases two branch banking facilities and one parcel of land under operating leases. At June 30, 2024, right-of-use assets and lease liabilities were recorded related to these operating leases totaling $1,453,000 and $1,965,000, respectively. At December 31, 2023, right-of-use assets and lease liabilities stood at $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 Company recognized total operating lease costs for the six months ended June 30, 2024 and 2023 of $107,000 and $113,000, respectively. Operating lease costs are included in occupancy, net in the accompanying statements of income. Cash payments totaled $99,000 and $106,000, respectively, for the six months ended June 30, 2024 and 2023. The following table displays the weighted-average term and discount rates for operating leases outstanding as of June 30, 2024 and December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ 2024 ​ ​ 2023 ​ Weighted-average term (years) 19.45 ​ 19.75 ​ Weighted-average discount rate 4.20% ​ 4.22% ​ ​ 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) ​ ​ ​ ​ ​ June 30, December 31, Minimum Lease Payments due: ​ 2024 ​ 2023 Within one year ​ $ 158 ​ $ 175 After one but within two years ​ 140 ​ 140 After two but within three years ​ 147 ​ 140 After three but within four years ​ 156 ​ 154 After four but within five years ​ 157 ​ 157 After five years ​ 2,238 ​ 2,317 Total undiscounted cash flows ​ 2,996 ​ 3,083 Discount on cash flows ​ (1,031) ​ (1,107) Total lease liability ​ $ 1,965 ​ $ 1,976 ​

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	NOTE 9 — DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objective of Using Derivatives ​ The Company uses various financial instruments, including derivatives, to manage its exposure to interest rate risk. The Company’s derivative financial instruments are used to manage differences in the amount, timing, and duration of the Company’s known or expected cash receipts and cash payments principally related to specific assets and short-term wholesale funding positions. The Company entered into ​ Fair Values of Derivative Instruments on the Statement of Financial Condition ​ The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2024 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ 741 Total ​ ​ ​ $ — ​ ​ ​ ​ $ 741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ The following table presents the derivative liabilities subject to an enforceable master netting arrangement as of June 30, 2024 and December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2024 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 741 ​ $ — ​ $ 741 ​ $ — ​ $ (741) ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 4,501 ​ $ — ​ $ 4,501 ​ $ — ​ $ (4,501) ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ 741 ​ $ — ​ $ 741 Total ​ $ — ​ $ — ​ $ 741 ​ $ — ​ $ 741 ​ Fair Value Hedges of Interest Rate Risk ​ The Company is exposed to changes in the fair value of certain of its fixed-rate assets due to changes in benchmark interest rates. The Company 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 Company 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 June 30, 2024, the Company 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 June 30, 2024 and December 31, 2023, the following amounts were recorded on the balance sheet related to the cumulative basis adjustment for fair value hedges: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ December 31, ​ 2024 ​ 2023 Carrying amount of hedged assets: ​ Closed Portfolio Amount ​ Closed Portfolio Amount Available-for-sale - Municipals $ 50,809 $ 50,964 Available-for-sale - MBS ​ 34,261 ​ 35,806 Total $ 85,070 $ 86,770 ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 50,000 $ 50,000 ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ December 31, ​ 2024 ​ 2023 Cumulative amount of fair value hedging adjustment included in the carrying amount of assets: ​ ​ ​ ​ Available-for-sale - Municipals $ (222) $ (1,230) Available-for-sale - MBS ​ (73) ​ (407) Total $ (295) $ (1,637) ​ The table below presents the pre-tax effects of the Company’s derivative instruments designated as fair value hedges on the Consolidated Statements of Income for the year-to-date periods ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ 2024 ​ 2023 Amount of loss recognized in other comprehensive loss $ (233) $ — Amount of gain, net of fair value re-measurements, included in interest income ​ 272 ​ — ​ Cash Flow Hedges of Interest Rate Risk ​ The Company uses derivatives to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company 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 June 30, 2024, the Company 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 $639,000 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 Company receiving variable-rate payments over the life of the agreements without the exchange of the underlying notional amount. For cash flow hedges on the Company'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 Company’s hedged variable rate short-term wholesale funding positions. During the year-to-date period ended June 30, 2024, the Company reclassified $502,000 as a reduction in interest expense. ​ The table below presents the pre-tax effects of the Company’s derivative instruments designated as cash flow hedges on the Consolidated Statements of Income for the year-to-date periods ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ 2024 ​ 2023 Amount of loss recognized in other comprehensive loss $ (366) $ — Amount of gain reclassified from accumulated other comprehensive loss to interest expense ​ 502 ​ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 100,000 $ — ​ Credit Risk-Related Contingent Features ​ The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, then the Company could also be declared in default on its derivative obligations and could be required to terminate its derivative positions with the counterparty. The Company also has agreements with its derivative counterparties that contain a provision where if the Company fails to maintain its status as a well-capitalized institution, then the Company could be required to terminate its derivative positions with the counterparty. As of June 30, 2024 and December 31, 2023, the Company’s derivatives were in a net liability position resulting in the Company having collateral in the amount of $1,240,000 posted with the counterparty at June 30, 2024 and collateral in the amount of $4,650,000 posted with the counterparty at December 31, 2023.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	6 Months Ended
	Jun. 30, 2024
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 10 — FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK Financial Instruments with Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby letters of credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments. The Company does not engage in trading activities with respect to any of its financial instruments with off-balance sheet risk. The Company’s exposure to credit loss in the event of non-performance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. The Company may require collateral or other security to support financial instruments with off-balance sheet credit risk. The contract or notional amounts at June 30, 2024 and December 31, 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 126,834 ​ $ 116,954 ​ Financial standby letters of credit ​ $ 2,150 ​ $ 2,120 ​ Performance standby letters of credit ​ $ 3,905 ​ $ 3,688 ​ ​ Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses that may require payment of a fee. Since some of the commitments may expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies but may include accounts receivable, inventory, property, plant and equipment, owner-occupied income-producing commercial properties, and residential real estate. Standby letters of credit are conditional commitments issued by the Company to guarantee payment to a third party when a customer either fails to repay an obligation or fails to perform some non-financial obligation. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company may hold collateral (similar to the items held as collateral for commitments to extend credit) to support standby letters of credit for which collateral is deemed necessary. Financial Instruments with Concentrations of Credit Risk The Company originates primarily commercial and residential real estate loans to customers predominately in the Company’s primary five county, Pennsylvania market area. The ability of the majority of the Company’s customers to honor their contractual loan obligations is dependent on the economy and real estate market in this area. At June 30, 2024, the Company had $824,217,000 in loans secured by real estate, which represented 89.4% 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 June 30, 2024 and December 31, 2023, management is of the opinion that there were no concentrations exceeding 10% of total loans with regard to loans to borrowers who were engaged in similar activities that were similarly impacted by economic or other conditions. As all financial instruments are subject to some level of credit risk, the Company requires collateral and/or guarantees for all loans. Collateral may include, but is not limited to property, plant, and equipment, commercial and/or residential real estate property, land, and pledge of securities. In the event of a borrower’s default, the collateral supporting the loan may be seized in order to recoup losses associated with the loan. The Company also establishes an allowance for credit losses that constitutes the amount available to absorb losses within the loan portfolio that may exist due to deficiencies in collateral values.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2024
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 11 — FAIR VALUE MEASUREMENTS Fair value measurement and disclosure guidance defines fair value as the price that would be received to sell the asset or transfer the liability in an orderly transaction (that is, not a forced liquidation or distressed sale) between market participants at the measurement date under current market conditions. This guidance provides additional information on determining when the volume and level of activity for the asset or liability has significantly decreased. The guidance also includes information on identifying circumstances when a transaction may not be considered orderly. Fair value measurement and disclosure guidance provides a list of factors that a reporting entity should evaluate to determine whether there has been a significant decrease in the volume and level of activity for the asset or liability in relation to normal market activity for the asset or liability. When the reporting entity concludes there has been a significant decrease in the volume and level of activity for the asset or liability, further analysis of the information from that market is needed and significant adjustments to the related prices may be necessary to estimate fair value in accordance with the fair value measurement and disclosure guidance. This guidance clarifies that when there has been a significant decrease in the volume and level of activity for the asset or liability, some transactions may not be orderly. In those situations, the entity must evaluate the weight of the evidence to determine whether the transaction is orderly. The guidance provides a list of circumstances that may indicate that a transaction is not orderly. A transaction price that is not associated with an orderly transaction is given little, if any, weight when estimating fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Inputs to valuation techniques refer to the assumptions that market participants would use in pricing the asset or liability. Inputs may be observable, meaning those that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from independent sources, or unobservable, meaning those that reflect the reporting entity’s own belief about the assumptions market participants would use in pricing the asset or liability based upon the best information available. Fair value measurement and disclosure guidance establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: Level 1 Inputs Level 2 Inputs Level 3 Inputs A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth as follows. Financial Assets Measured at Fair Value on a Recurring Basis At June 30, 2024 and December 31, 2023, securities measured at fair value on a recurring basis and the valuation methods used are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,003 ​ $ — ​ $ — ​ $ 7,003 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 142,375 ​ ​ — ​ ​ 142,375 Other ​ — ​ 6,003 ​ — ​ 6,003 Other mortgage backed debt securities ​ — ​ 48,628 ​ — ​ 48,628 Obligations of state and political subdivisions ​ — ​ 84,641 ​ — ​ 84,641 Asset-backed securities ​ — ​ 85,071 ​ — ​ 85,071 Corporate debt securities ​ — ​ 29,868 ​ — ​ 29,868 Total debt securities available-for-sale ​ 7,003 ​ 396,586 ​ — ​ 403,589 Marketable equity securities ​ 1,288 ​ — ​ — ​ 1,288 Total recurring fair value measurements ​ $ 8,291 ​ $ 396,586 ​ $ — ​ $ 404,877 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ The estimated fair values of equity securities and US Treasury debt securities classified as Level 1 are derived from quoted market prices in active markets; the equity securities consist mainly of stocks held in other banks. The estimated fair values of all debt securities classified as Level 2 are obtained from nationally-recognized third-party pricing agencies. The estimated fair values are derived primarily from cash flow models, which include assumptions for interest rates, credit losses, and prepayment speeds. The significant inputs utilized in the cash flow models are based on market data obtained from sources independent of the Company (observable inputs), and are therefore classified as Level 2 within the fair value hierarchy. The Company does not have any Level 3 inputs for securities. There were no transfers between Level 1 and Level 2 during 2024 or 2023. 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 those loans. Non-recurring adjustments can also include certain specific allocation amounts for individually evaluated collateral-dependent loans as calculated when establishing the allowance for credit losses. The Company’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 Company. A quarterly collateral evaluation is performed which may include a site visit, property pictures and discussions with realtors and other similar business professionals to ascertain current values. For individually evaluated loans less than $250,000 upon classification and annually at year end, the Company completes a Certificate of Inspection, which includes an onsite inspection, and considers value indicators such as insured values, tax assessed values, recent sales comparisons and a review of the previous evaluations.These assets are included as Level 3 fair values, based upon the lowest level that is significant to the fair value measurements. The fair value consists of the individually evaluated loan balances less the valuation allowance and/or charge-offs. There were no transfers between valuation levels in 2024 and 2023. Individually evaluated loans measured at fair value on a nonrecurring basis as of June 30, 2024 and December 31, 2023 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets at June 30, 2024 ​ ​ ​ ​ Individually evaluated loans: ​ ​ ​ ​ Real Estate ​ $ — ​ $ — ​ $ 1,953 ​ $ 1,953 Total individually evaluated loans ​ $ — ​ $ — ​ $ 1,953 ​ $ 1,953 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ 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 June 30, 2024 and December 31, 2023. ​ The Company’s foreclosed asset valuation procedure requires an appraisal or a Certificate of Inspection, which considers the sales prices of similar properties in the proximate vicinity, to be completed periodically with the exception of those cases in which the Bank has obtained a sales agreement. These assets are included as Level 3 fair values, based upon the lowest level that is significant to the fair value measurements. There were no transfers between valuation levels in 2024 and 2023. The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine the fair value: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Estimate Valuation Technique Unobservable Input Range Average Individually evaluated loans - collateral dependent ​ $ 1,953 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (5%) – (5%) (5%) ​ ​ December 31, 2023 ​ 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%) 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 June 30, 2024 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 14,292 ​ $ 14,292 ​ $ — ​ $ — ​ $ 14,292 Interest-bearing deposits in other banks ​ 1,979 ​ — ​ 1,979 ​ — ​ 1,979 Restricted investment in bank stocks ​ 11,493 ​ — ​ 11,493 ​ — ​ 11,493 Net loans ​ 914,807 ​ — ​ — ​ 891,098 ​ 891,098 Mortgage servicing rights ​ 241 ​ — ​ — ​ 241 ​ 241 Accrued interest receivable ​ 5,328 ​ — ​ 5,328 ​ — ​ 5,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 671,430 ​ — ​ 671,430 ​ — ​ 671,430 Time deposits ​ 312,779 ​ — ​ 310,426 ​ — ​ 310,426 Short-term borrowings ​ 175,311 ​ — ​ 175,555 ​ — ​ 175,555 Long-term borrowings ​ 122,000 ​ — ​ 123,244 ​ — ​ 123,244 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 20,378 ​ ​ — ​ ​ 20,378 Accrued interest payable ​ 3,698 ​ — ​ 3,698 ​ — ​ 3,698 Derivative Liabilities ​ 741 ​ — ​ 741 ​ — ​ 741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2024
REVENUE RECOGNITION
REVENUE RECOGNITION	NOTE 12 — REVENUE RECOGNITION In accordance with ASU 2014-09 Revenue from Contracts with Customers – Topic 606, Deposits related fees and service charges Service charges and fees on deposits, which are included as liabilities in the consolidated balance sheets, consist of fees related to monthly fees for various retail and business checking accounts, automated teller machine (“ATM”) fees (charged for withdrawals by our deposit customers from other bank ATMs) and insufficient funds fees (“NSF”) (which are charged when customers overdraw their accounts beyond available funds). All deposit liabilities are considered to have one-day terms and therefore related fees are recognized in income at the time when the services are provided to the customers. The Company elected to adopt the practical expedient related to incremental costs of obtaining deposit contracts. As such, any costs associated with acquiring the deposits, except for time deposits with maturities in excess of one year, are recognized as an expense within non-interest expense in the consolidated statements of income when incurred as the amortization period of the deposit liabilities that otherwise would have been recognized is one year or less. Wealth/Asset/Trust Management Fees Wealth management services are delivered to individuals, corporations and retirement funds located primarily within our geographic markets. The Trust Department of the Company conducts the wealth management operations, which provides a broad range of personal and corporate fiduciary services, including the administration of estates. Assets held in a fiduciary capacity by the Trust Department are not assets of the Company and, therefore, are not included in our consolidated financial statements. Wealth management fees, which are contractually agreed with each customer, are earned each month and recognized on a cash basis based on average fair value of the trust assets under management. The services provided under such a contract are considered a single performance obligation under ASC 606 because they embody a series of distinct goods or services that are substantially the same and have the same pattern of transfer to the customer. Wealth management fees charged by the Trust Department follow a tiered structure based on the type and size of the assets under management. Wealth management fees are included within non-interest income in the consolidated statements of income. As of June 30, 2024 and December 31, 2023, the fair value of trust assets under management was $115,340,000 and $109,064,000, respectively. The costs of acquiring asset management customers are incremental and recognized within non-interest expense in the consolidated statements of income. Interchange Fees and Surcharges Interchange fees are related to the acceptance and settlement of debit card transactions, both point-of-sale and ATM, to cover operating costs and risks associated with the approval and settlement of the transactions. Interchange fees vary by type of transaction and each merchant sector. Net income recognized from interchange fees is included in non-interest income on the consolidated statements of income. A surcharge is assessed for use of the Company’s ATMs by non-customers. All interchange fees and surcharges are recognized as received on a daily basis for the prior business day’s transactions. All expenses related to the settlement of debit card transactions (both point-of-sale and ATM) are recognized on a monthly basis and included in non-interest expense on the consolidated statements of income.

(LOSSES) EARNINGS PER SHARE

(LOSSES) EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
(LOSSES) EARNINGS PER SHARE
(LOSSES) EARNINGS PER SHARE	NOTE 13 — (LOSSES) EARNINGS PER SHARE ​ Basic (losses) earnings per share is computed by dividing net (loss) income by the weighted-average number of common shares outstanding for the period. Diluted (losses) earnings per share 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 June 30, 2024 and 2023, there were no potential common shares outstanding. The following table sets forth the computation of basic and diluted (losses) earnings per share. ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Three Months Ended ​ June 30, ​ 2024 2023 Net (loss) income $ 1,380 ​ $ 1,139 Weighted-average common shares outstanding ​ 6,154 ​ ​ 6,040 Basic and diluted (losses) earnings per share $ 0.23 ​ $ 0.19 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Six Months Ended ​ June 30, ​ 2024 2023 Net income $ (16,997) ​ $ 2,496 Weighted-average common shares outstanding ​ 6,138 ​ ​ 6,030 Basic and diluted earnings per share $ (2.77) ​ $ 0.41 ​

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2024
GOODWILL
GOODWILL	NOTE 14 — GOODWILL Goodwill resulted from the acquisition of the Pocono Community Bank in November 2007 and of certain fixed and operating assets acquired and deposit liabilities assumed of the branch of another financial institution in Danville, Pennsylvania, in January 2004. Such goodwill represents the excess cost of the acquired assets relative to the assets’ fair value at the dates of acquisition. In accordance with current accounting standards, goodwill is not amortized. Goodwill totaled $0 at June 30, 2024 and $19,133,000 at December 31, 2023. ​ 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 using a qualitative impairment test at December 31, 2023, and it was determined that goodwill was not impaired. Due primarily to the decrease in the Company’s stock price during the first quarter of 2024 as a triggering event, management evaluated the need for an interim goodwill impairment analysis. The decrease prompted the Company to assess its goodwill utilizing a quantitative impairment test and determined it was more likely than not the fair value of the Company was less than the carrying amount as of March 31, 2024. Based on the results of the impairment test, the Company recorded a goodwill impairment charge of

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 1,380,000	$ (18,377,000)	$ 1,139,000	$ 1,357,000	$ (16,997,000)	$ 2,496,000

Insider Trading Arrangements

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

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2024
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 June 30, 2024: ​ Cost ​ Gains ​ Losses ​ Value U.S. Treasury securities ​ $ 7,896 ​ $ — ​ $ (893) ​ $ 7,003 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 157,735 ​ ​ 35 ​ ​ (15,395) ​ ​ 142,375 Other ​ 5,949 ​ 95 ​ (41) ​ 6,003 Other mortgage backed securities ​ 51,082 ​ 109 ​ (2,563) ​ 48,628 Obligations of state and political subdivisions ​ 95,673 ​ 15 ​ (11,047) ​ 84,641 Asset-backed securities ​ 85,262 ​ 289 ​ (480) ​ 85,071 Corporate debt securities ​ 38,011 ​ 92 ​ (8,235) ​ 29,868 Total ​ $ 441,608 ​ $ 635 ​ $ (38,654) ​ $ 403,589 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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
Schedule of amortized cost and estimated fair value of debt securities, by contractual maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ ​ ​ ​ Debt Securities Available-For-Sale (Dollars in thousands) ​ ​ ​ ​ U.S. Government ​ Other ​ Obligations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agency & ​ Mortgage ​ of State ​ Asset ​ Corporate ​ U.S. Treasury Sponsored Agency Backed Debt & Political Backed Debt ​ Securities Obligations 1 Securities 1 Subdivisions Securities Securities Within 1 Year: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ — ​ $ — ​ $ 2,950 ​ $ 5,590 ​ $ — ​ $ — Fair value ​ — ​ — ​ 2,925 ​ 5,511 ​ — ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 5 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ 7,896 ​ 6,939 ​ 1,202 ​ 14,293 ​ — ​ 1,244 Fair value ​ 7,003 ​ 6,898 ​ 1,157 ​ 13,743 ​ — ​ 1,212 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5 - 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 4,624 ​ 1,378 ​ 26,245 ​ 4,648 ​ 31,678 Fair value ​ — ​ 4,692 ​ 1,376 ​ 22,576 ​ 4,622 ​ 28,217 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ After 10 Years: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized cost ​ — ​ 152,121 ​ 45,552 ​ 49,545 ​ 80,614 ​ 5,089 Fair value ​ — ​ 136,788 ​ 43,170 ​ 42,811 ​ 80,449 ​ 439 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total: ​ ​ ​ ​ ​ ​ Amortized cost ​ $ 7,896 ​ $ 163,684 ​ $ 51,082 ​ $ 95,673 ​ $ 85,262 ​ $ 38,011 Fair value ​ 7,003 ​ 148,378 ​ 48,628 ​ 84,641 ​ 85,071 ​ 29,868 1 Mortgage-backed securities are allocated for maturity reporting at their original maturity date.
Schedule of Holdings Of Securities From Issuers In Excess Of Ten Percent Of Consolidated Stockholders Equity	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ Fair June 30, 2024: ​ Value Issuer ​ ​ ​ ​ Sallie Mae Bank ​ $ 29,712 ​ Velocity Commercial Capital ​ ​ 25,583 ​ Nelnet Student Loan Trust ​ 16,904 ​ Navient Student Loan Trust ​ ​ 11,739 ​ ​ ​ ​ ​ ​ ​ (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 ​
Schedule of amortized cost, related estimated fair value, and unrealized gains and losses for debt securities classified as Available-For-Sale	June 30, 2024 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ $ — ​ $ — ​ $ 7,003 ​ $ (893) ​ $ 7,003 ​ $ (893) Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgage-backed ​ ​ 27,412 ​ ​ (138) ​ ​ 101,754 ​ ​ (15,257) ​ ​ 129,166 ​ ​ (15,395) Other ​ — ​ ​ — ​ ​ 2,416 ​ ​ (41) ​ 2,416 ​ (41) Other mortgage-backed debt securities ​ 20,636 ​ ​ (363) ​ ​ 21,224 ​ ​ (2,200) ​ 41,860 ​ (2,563) Obligations of state and political subdivisions ​ 1,246 ​ ​ (9) ​ ​ 80,387 ​ ​ (11,038) ​ 81,633 ​ (11,047) Asset-backed securities ​ 30,739 ​ ​ (134) ​ ​ 7,019 ​ ​ (346) ​ 37,758 ​ (480) Corporate debt securities ​ 4,259 ​ ​ (4,868) ​ ​ 24,742 ​ ​ (3,367) ​ 29,001 ​ (8,235) Total ​ $ 84,292 ​ $ (5,512) ​ $ 244,545 ​ $ (33,142) ​ $ 328,837 ​ $ (38,654) ​ ​ 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)
Schedule of realized gains and losses recognized in net income on equity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Six months ended ​ Six months ended ​ ​ June 30, 2024 June 30, 2023 Net losses from market value fluctuations recognized during the period on equity securities ​ $ (194) ​ $ (224) ​ Less: Net gains recognized during the period on equity securities sold during the period ​ — ​ — ​ Net losses recognized during the reporting period on equity securities still held at the reporting date ​ $ (194) ​ $ (224) ​

LOANS AND ALLOWANCE FOR CREDI_2

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Tables)	6 Months Ended
	Jun. 30, 2024
LOANS AND ALLOWANCE FOR CREDIT LOSSES
Schedule of classes of the loan portfolio summarized by risk rating	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ 43,114 $ 112,968 $ 179,049 $ 126,902 $ 106,892 $ 232,070 $ 800,995 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ 81 ​ 225 ​ 3,589 ​ 18,759 ​ 22,654 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 84 ​ 74 ​ 150 ​ 143 ​ 107 ​ 10 ​ 568 Total Real Estate Loans $ 43,198 $ 113,042 $ 179,280 $ 127,270 $ 110,588 $ 250,839 $ 824,217 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Agricultural: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ 35 $ 243 $ 51 $ — $ — $ 658 $ 987 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 1 ​ 2 ​ — ​ — ​ — ​ — ​ 3 Total Agricultural Loans $ 36 $ 245 $ 51 $ — $ — $ 658 $ 990 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ 5,010 $ 13,015 $ 9,565 $ 5,202 $ 3,879 $ 27,216 $ 63,887 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ 20 ​ 636 ​ 656 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 43 ​ 82 ​ 70 ​ 9 ​ 12 ​ 200 ​ 416 Total Commercial and Industrial Loans $ 5,053 $ 13,097 $ 9,635 $ 5,211 $ 3,911 $ 28,052 $ 64,959 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ 1,682 $ 1,877 $ 966 $ 727 $ 125 $ 794 $ 6,171 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ 10 ​ 10 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 22 ​ 27 ​ 14 ​ 5 ​ 1 ​ — ​ 69 Total Consumer Loans $ 1,704 $ 1,904 $ 980 $ 732 $ 126 $ 804 $ 6,250 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ State and Political Subdivisions: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ — $ 843 $ 4,095 $ 14,139 $ 1,857 $ 5,135 $ 26,069 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ — ​ — ​ — ​ — ​ — 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ — ​ 2 ​ 1 ​ 4 ​ 1 ​ 1 ​ 9 Total State and Political Subdivision Loans $ — $ 845 $ 4,096 $ 14,143 $ 1,858 $ 5,136 $ 26,078 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Loans: ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total 1-6 Pass $ 49,841 $ 128,946 $ 193,726 $ 146,970 $ 112,753 $ 265,873 $ 898,109 7 Special Mention ​ — ​ — ​ — ​ — ​ — ​ — ​ — 8 Substandard ​ — ​ — ​ 81 ​ 225 ​ 3,609 ​ 19,405 ​ 23,320 9 Doubtful ​ — ​ — ​ — ​ — ​ — ​ — ​ — Unearned discount ​ — ​ — ​ — ​ — ​ — ​ — ​ — Net deferred loan fees and costs ​ 150 ​ 187 ​ 235 ​ 161 ​ 121 ​ 211 ​ 1,065 Total Loans $ 49,991 $ 129,133 $ 194,042 $ 147,356 $ 116,483 $ 285,489 $ 922,494 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 ​ 2021 ​ 2020 ​ Prior ​ Total Gross Charge Offs: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate $ — $ — $ — $ — $ — $ — $ — Agricultural ​ — ​ — ​ — ​ — ​ — ​ — ​ — Commercial and Industrial ​ — ​ — ​ — ​ — ​ — ​ — ​ — Consumer ​ — ​ 5 ​ 12 ​ 5 ​ 6 ​ 5 ​ 33 State and Political Subdivisions ​ — ​ — ​ — ​ — ​ — ​ — ​ — Total Gross Charge Offs $ — $ 5 $ 12 $ 5 $ 6 $ 5 $ 33 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of December 31, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​
Loans individually or collectively evaluated for their impairment and related allowance, by loan class	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ State and ​ ​ ​ Real ​ ​ ​ Commercial ​ ​ ​ Political ​ ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the three months ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 6,725 ​ $ 1 ​ $ 322 ​ $ 85 ​ $ 63 ​ $ 7,196 Charge-offs — ​ — ​ — ​ (21) ​ — ​ (21) Recoveries 1 ​ — ​ 1 ​ — ​ — ​ 2 Provision 480 ​ 1 ​ ​ 2 ​ ​ 27 ​ ​ — ​ ​ 510 Ending Balance $ 7,206 ​ $ 2 ​ $ 325 ​ $ 91 ​ $ 63 ​ $ 7,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ State and ​ ​ ​ Real ​ ​ ​ Commercial ​ ​ ​ Political ​ ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the six months ended June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance January 1, 2024 $ 6,539 ​ $ 1 ​ $ 265 ​ $ 78 ​ $ 42 ​ $ 6,925 Charge-offs — ​ — ​ — ​ (33) ​ — ​ (33) Recoveries 19 ​ — ​ 1 ​ 1 ​ — ​ 21 Provision 648 ​ 1 ​ 59 ​ 45 ​ 21 ​ 774 Ending Balance $ 7,206 ​ $ 2 ​ $ 325 ​ $ 91 ​ $ 63 ​ $ 7,687 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 7,206 ​ $ 2 ​ $ 325 ​ $ 91 ​ $ 63 ​ $ 7,687 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserve for Unfunded Lending Commitments $ 159 ​ $ — ​ $ 36 ​ $ — ​ $ 1 ​ $ 196 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 824,217 ​ $ 990 ​ $ 64,959 ​ $ 6,250 ​ $ 26,078 ​ $ 922,494 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 3,929 ​ $ 309 ​ $ 611 ​ $ — ​ $ — ​ $ 4,849 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 820,288 ​ $ 681 ​ $ 64,348 ​ $ 6,250 ​ $ 26,078 ​ $ 917,645 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Real ​ Commercial ​ ​ ​ Political ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the three months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ Beginning balance $ 6,735 ​ $ 1 ​ $ 265 ​ $ 93 ​ $ 48 ​ $ 7,142 Charge-offs — ​ — ​ — ​ (21) ​ — ​ (21) Recoveries 1 ​ — ​ 1 ​ — ​ ​ — ​ 2 Provision (credit) 18 ​ — ​ ​ 2 ​ ​ 17 ​ ​ (3) ​ ​ 34 Ending Balance $ 6,754 ​ $ 1 ​ $ 268 ​ $ 89 ​ $ 45 ​ $ 7,157 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) Real ​ ​ ​ Commercial ​ ​ ​ Political ​ ​ ​ ​ Estate ​ Agricultural ​ and Industrial ​ Consumer ​ Subdivisions ​ Total As of and for the six months ended June 30, 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Credit Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance 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 — ​ — ​ — ​ (38) ​ — ​ (38) Recoveries 2 ​ — ​ 2 ​ 2 ​ — ​ 6 (Credit) Provision (14) ​ (1) ​ 23 ​ 30 ​ (4) ​ 34 Ending Balance $ 6,754 ​ $ 1 ​ $ 268 ​ $ 89 ​ $ 45 ​ $ 7,157 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 6,754 ​ $ 1 ​ $ 268 ​ $ 89 ​ $ 45 ​ $ 7,157 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reserve for Unfunded Lending Commitments $ 225 ​ $ — ​ $ 35 ​ $ — ​ $ — ​ $ 260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans Receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Ending Balance $ 774,688 ​ $ 862 ​ $ 61,313 ​ $ 6,129 ​ $ 28,247 ​ $ 871,239 Ending balance: individually ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 4,445 ​ $ 309 ​ $ 644 ​ $ — ​ $ — ​ $ 5,398 Ending balance: collectively ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ evaluated for impairment $ 770,243 ​ $ 553 ​ $ 60,669 ​ $ 6,129 ​ $ 28,247 ​ $ 865,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 Company's activity in the allowance for credit losses on unfunded commitments for the six months ended June 30, 2024 and 2023 was as follows: ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ 2024 2023 Balance at December 31 ​ $ 166 ​ $ 68 CECL adoption adjustment ​ ​ — ​ ​ 147 Credit for credit losses on unfunded commitments ​ ​ 30 ​ ​ 45 Balance at June 30 ​ $ 196 $ 260
Summary of outstanding loan balances by loan class prior to allocation of net deferred fees and costs	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, December 31, ​ ​ 2024 2023 Real Estate ​ $ 823,649 ​ $ 810,923 Agricultural ​ ​ 987 ​ ​ 670 Commercial and Industrial ​ ​ 64,543 ​ ​ 66,483 Consumer ​ ​ 6,181 ​ ​ 5,755 State and Political Subdivisions ​ ​ 26,069 ​ ​ 26,173 Subtotal ​ ​ 921,429 ​ ​ 910,004 Net Deferred Fees and Costs ​ ​ 1,065 ​ ​ 1,074 Allowance for Credit Losses ​ (7,687) ​ ​ (6,925) Loans, Net ​ $ 914,807 ​ $ 904,153
Schedule of the outstanding recorded investment of TDRs	​ ​ ​ ​ ​ (Dollars in thousands) June 30, ​ ​ 2024 Modifications of Loans to Borrowers Experiencing Financial Difficulty: ​ ​ ​ Non-Accrual ​ $ — Accruing ​ 9,455 Total ​ $ 9,455
Schedule of the loan modifications categorized as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Six Months Ended June 30, 2024 ​ ​ ​ ​ Pre-Modification ​ Post-Modification ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ ​ ​ ​ ​ Number of ​ Recorded ​ Recorded ​ Recorded ​ ​ Contracts ​ Investment ​ Investment ​ Investment Real Estate ​ 1 ​ $ 9,455 ​ $ 9,455 ​ $ 9,455 Total ​ 1 ​ $ 9,455 ​ $ 9,455 ​ $ 9,455 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
Schedule of loan modifications made for loans categorized as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Six Months Ended June 30, 2024 ​ Rate ​ Term ​ Payment ​ Number ​ ​ Modification ​ Modification ​ Modification ​ Modified Real Estate ​ — ​ — ​ 1 ​ 1 Total ​ — ​ — ​ 1 ​ 1 ​ ​ ​ ​ ​ ​ ​ ​ ​
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) ​ June 30, 2024 ​ ​ 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 ​ $ — ​ $ 3,929 ​ $ 3,929 ​ ​ $ — ​ $ 5,918 ​ $ 5,918 ​ ​ $ — Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — Total ​ $ — ​ $ 4,540 ​ $ 4,540 ​ ​ $ — ​ $ 6,529 ​ $ 6,529 ​ ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — ​ ​ — ​ ​ — ​ ​ ​ — Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — Total ​ $ — ​ $ 4,616 ​ $ 4,616 ​ ​ $ — ​ $ 6,605 ​ $ 6,605 ​ ​ $ — ​ 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 Company’s non-accrual loans are summarized below for the three and six months ended June 30, 2024 and 2023: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Three Months Ended June 30, 2024 ​ ​ 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 ​ $ — ​ $ 3,957 ​ $ 3,957 ​ ​ $ — ​ $ — ​ $ — ​ Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 4,568 ​ $ 4,568 ​ ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Six Months Ended June 30, 2024 ​ ​ 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 ​ $ — ​ $ 3,973 ​ $ 3,973 ​ ​ $ — ​ $ — ​ $ — ​ Commercial and Industrial ​ ​ — ​ ​ 611 ​ ​ 611 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 4,584 ​ $ 4,584 ​ ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Three Months Ended June 30, 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 ​ $ — ​ $ 4,367 ​ $ 4,367 ​ ​ $ — ​ $ 4 ​ $ 4 ​ Commercial and Industrial ​ ​ — ​ ​ 653 ​ ​ 653 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 5,020 ​ $ 5,020 ​ ​ $ — ​ $ 4 ​ $ 4 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ For the Six Months Ended June 30, 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 ​ $ — ​ $ 4,390 ​ $ 4,390 ​ ​ $ — ​ $ — ​ $ — ​ Commercial and Industrial ​ ​ — ​ ​ 659 ​ ​ 659 ​ ​ ​ — ​ ​ — ​ ​ — ​ Total ​ $ — ​ $ 5,049 ​ $ 5,049 ​ ​ $ — ​ $ — ​ $ — ​ ​
Schedule of financial receivables that are collateral-dependent loans	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2024 ​ Real Estate Other Real Estate ​ $ 3,929 ​ $ — Agricultural ​ ​ — ​ ​ 309 Commercial and Industrial ​ ​ — ​ ​ 611 Total ​ $ 3,929 ​ $ 920 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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) ​ June 30, ​ December 31, ​ 2024 2023 Real Estate ​ $ 3,929 ​ $ 4,005 Agricultural ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 611 ​ ​ 611 Consumer ​ — ​ ​ — State and Political Subdivisions ​ — ​ — Total non-accrual loans ​ 4,540 ​ 4,616 Foreclosed assets held for resale ​ — ​ — Loans past-due 90 days or more and still accruing interest ​ 495 ​ 1,065 Total non-performing assets ​ $ 5,035 ​ $ 5,681
Schedule of the classes of the loan portfolio, including non-accrual loans and TDRs, summarized by past-due status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Or Greater ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due ​ ​ ​ ​ ​ ​ ​ ​ 90 Days ​ ​ ​ ​ ​ Current- ​ ​ ​ ​ and Still ​ ​ 30-59 Days ​ 60-89 Days ​ or Greater ​ Total ​ ​ 29 Days ​ Total ​ Accruing ​ ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Loans ​ Interest June 30, 2024: ​ ​ ​ ​ ​ ​ ​ Real Estate ​ $ 3,723 ​ $ 4,957 ​ $ 4,423 ​ $ 13,103 ​ $ 811,114 ​ $ 824,217 ​ $ 495 Agricultural ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 990 ​ ​ 990 ​ ​ — Commercial and Industrial ​ ​ 144 ​ ​ — ​ ​ 611 ​ ​ 755 ​ ​ 64,204 ​ ​ 64,959 ​ ​ — Consumer ​ 21 ​ — ​ — ​ 21 ​ 6,229 ​ 6,250 ​ — State and Political Subdivisions ​ — ​ — ​ — ​ — ​ 26,078 ​ 26,078 ​ — Total ​ $ 3,888 ​ $ 4,957 ​ $ 5,034 ​ $ 13,879 ​ $ 908,615 ​ $ 922,494 ​ $ 495 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Jun. 30, 2024
DEPOSITS
Schedule of major classifications of deposits	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) June 30, ​ December 31, ​ ​ 2024 2023 Non-interest bearing demand $ 206,004 ​ $ 198,569 Interest bearing demand ​ 263,637 ​ 275,472 Savings ​ 201,789 ​ 212,280 Time certificates of deposits less than $250,000 ​ 275,059 ​ 259,841 Time certificates of deposits $250,000 or greater ​ 36,234 ​ 33,185 Other time ​ 1,486 ​ 1,092 Total deposits ​ $ 984,209 ​ $ 980,439

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Jun. 30, 2024
BORROWINGS
Schedule of Short-term borrowings and weighted-average interest rates	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2024 ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Average ​ ​ Amount Rate ​ Amount Rate Federal funds purchased $ — ​ 6.59 % ​ $ — 6.57 % Securities sold under agreements to repurchase ​ 27,109 ​ 4.38 % ​ 19,708 3.28 % ​ Federal Discount Window ​ — ​ 5.51 % ​ 1 4.99 % ​ Federal Home Loan Bank of Pittsburgh ​ 148,202 ​ 5.76 % ​ 133,759 5.45 % ​ Total ​ $ 175,311 ​ 5.52 % ​ $ 153,468 5.21 % ​
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 June 30, 2024 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 27,109 ​ $ — ​ $ 27,109 ​ $ (27,109) ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Repurchase agreements (a) ​ $ 19,708 ​ $ — ​ $ 19,708 ​ $ (19,708) ​ $ — ​ $ — (a) As of June 30, 2024 and December 31, 2023, the fair value of securities pledged in connection with repurchase agreements was $37,880,000 and $28,902,000 , 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 June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Repurchase agreements and repurchase-to-maturity transactions: ​ ​ ​ ​ ​ U.S. Treasury and/or agency securities ​ $ 27,109 ​ $ — ​ $ — ​ $ — ​ $ 27,109 Total ​ $ 27,109 ​ $ — ​ $ — ​ $ — ​ $ 27,109

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2024
COMMITMENTS AND CONTINGENCIES
Schedule of weighted-average term and discount rates for operating and leases	​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ ​ December 31, ​ ​ ​ 2024 ​ ​ 2023 ​ Weighted-average term (years) 19.45 ​ 19.75 ​ Weighted-average discount rate 4.20% ​ 4.22% ​
Schedule of maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows	​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ June 30, December 31, Minimum Lease Payments due: ​ 2024 ​ 2023 Within one year ​ $ 158 ​ $ 175 After one but within two years ​ 140 ​ 140 After two but within three years ​ 147 ​ 140 After three but within four years ​ 156 ​ 154 After four but within five years ​ 157 ​ 157 After five years ​ 2,238 ​ 2,317 Total undiscounted cash flows ​ 2,996 ​ 3,083 Discount on cash flows ​ (1,031) ​ (1,107) Total lease liability ​ $ 1,965 ​ $ 1,976 ​

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - (Tables)	6 Months Ended
	Jun. 30, 2024
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Schedule of fair value of the Company's derivative financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, 2024 ​ Derivative Assets ​ ​ Derivative Liabilities ​ ​ Location ​ ​ Fair Value ​ ​ Location ​ ​ Fair Value Derivatives designated as hedging instruments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ Other Assets ​ $ — ​ ​ Other Liabilities ​ $ 741 Total ​ ​ ​ $ — ​ ​ ​ ​ $ 741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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
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 June 30, 2024 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 741 ​ $ — ​ $ 741 ​ $ — ​ $ (741) ​ $ — ​ ​ ​ ​ ​ ​ ​ December 31, 2023 ​ ​ ​ ​ ​ ​ Derivatives ​ $ 4,501 ​ $ — ​ $ 4,501 ​ $ — ​ $ (4,501) ​ $ —
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 June 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ $ — ​ $ — ​ $ 741 ​ $ — ​ $ 741 Total ​ $ — ​ $ — ​ $ 741 ​ $ — ​ $ 741
Schedule of cumulative amount of fair value hedging adjustment included carrying amount of hedged assets	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ December 31, ​ 2024 ​ 2023 Carrying amount of hedged assets: ​ Closed Portfolio Amount ​ Closed Portfolio Amount Available-for-sale - Municipals $ 50,809 $ 50,964 Available-for-sale - MBS ​ 34,261 ​ 35,806 Total $ 85,070 $ 86,770 ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 50,000 $ 50,000
Schedule of cumulative amount of fair value hedging adjustment included carrying amount of assets	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ December 31, ​ 2024 ​ 2023 Cumulative amount of fair value hedging adjustment included in the carrying amount of assets: ​ ​ ​ ​ Available-for-sale - Municipals $ (222) $ (1,230) Available-for-sale - MBS ​ (73) ​ (407) Total $ (295) $ (1,637)
Schedule of pre-tax effects of the Company's derivative instruments designated as fair value hedges	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ 2024 ​ 2023 Amount of loss recognized in other comprehensive loss $ (233) $ — Amount of gain, net of fair value re-measurements, included in interest income ​ 272 ​ —
Schedule of pre-tax effects of the Company's derivative instruments designated as cash flow hedges	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ June 30, ​ 2024 ​ 2023 Amount of loss recognized in other comprehensive loss $ (366) $ — Amount of gain reclassified from accumulated other comprehensive loss to interest expense ​ 502 ​ — ​ ​ ​ ​ ​ Interest rate swaps notional amount $ 100,000 $ —

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Tables)	6 Months Ended
	Jun. 30, 2024
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) ​ ​ ​ ​ ​ ​ ​ June 30, 2024 December 31, 2023 ​ Financial instruments whose contract amounts represent credit risk: ​ ​ Commitments to extend credit ​ $ 126,834 ​ $ 116,954 ​ Financial standby letters of credit ​ $ 2,150 ​ $ 2,120 ​ Performance standby letters of credit ​ $ 3,905 ​ $ 3,688 ​

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2024
FAIR VALUE MEASUREMENTS
Schedule of securities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 ​ Level 1 Level 2 Level 3 Total Debt Securities Available-for-Sale: ​ ​ ​ ​ U.S. Treasury securities ​ $ 7,003 ​ $ — ​ $ — ​ $ 7,003 Obligations of U.S. Government Agencies and Sponsored Agencies: ​ ​ ​ ​ ​ ​ Mortgaged-backed ​ ​ — ​ ​ 142,375 ​ ​ — ​ ​ 142,375 Other ​ — ​ 6,003 ​ — ​ 6,003 Other mortgage backed debt securities ​ — ​ 48,628 ​ — ​ 48,628 Obligations of state and political subdivisions ​ — ​ 84,641 ​ — ​ 84,641 Asset-backed securities ​ — ​ 85,071 ​ — ​ 85,071 Corporate debt securities ​ — ​ 29,868 ​ — ​ 29,868 Total debt securities available-for-sale ​ 7,003 ​ 396,586 ​ — ​ 403,589 Marketable equity securities ​ 1,288 ​ — ​ — ​ 1,288 Total recurring fair value measurements ​ $ 8,291 ​ $ 396,586 ​ $ — ​ $ 404,877 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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
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 June 30, 2024 ​ ​ ​ ​ Individually evaluated loans: ​ ​ ​ ​ Real Estate ​ $ — ​ $ — ​ $ 1,953 ​ $ 1,953 Total individually evaluated loans ​ $ — ​ $ — ​ $ 1,953 ​ $ 1,953 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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
Schedule of fair value measurement inputs and valuation techniques	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Quantitative Information about Level 3 Fair Value Measurements ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2024 Estimate Valuation Technique Unobservable Input Range Average Individually evaluated loans - collateral dependent ​ $ 1,953 Appraisal of collateral 1,3 Certificate of Inspection 1,3 Appraisal adjustments 2 Qualitative Adjustments 4 (5%) – (5%) (5%) ​ ​ December 31, 2023 ​ 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%) 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 June 30, 2024 ​ Amount Level 1 Level 2 Level 3 Total FINANCIAL ASSETS: ​ ​ ​ ​ ​ Cash and due from banks ​ $ 14,292 ​ $ 14,292 ​ $ — ​ $ — ​ $ 14,292 Interest-bearing deposits in other banks ​ 1,979 ​ — ​ 1,979 ​ — ​ 1,979 Restricted investment in bank stocks ​ 11,493 ​ — ​ 11,493 ​ — ​ 11,493 Net loans ​ 914,807 ​ — ​ — ​ 891,098 ​ 891,098 Mortgage servicing rights ​ 241 ​ — ​ — ​ 241 ​ 241 Accrued interest receivable ​ 5,328 ​ — ​ 5,328 ​ — ​ 5,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FINANCIAL LIABILITIES: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand, savings and other deposits ​ 671,430 ​ — ​ 671,430 ​ — ​ 671,430 Time deposits ​ 312,779 ​ — ​ 310,426 ​ — ​ 310,426 Short-term borrowings ​ 175,311 ​ — ​ 175,555 ​ — ​ 175,555 Long-term borrowings ​ 122,000 ​ — ​ 123,244 ​ — ​ 123,244 Subordinated debentures ​ ​ 25,000 ​ ​ — ​ ​ 20,378 ​ ​ — ​ ​ 20,378 Accrued interest payable ​ 3,698 ​ — ​ 3,698 ​ — ​ 3,698 Derivative Liabilities ​ 741 ​ — ​ 741 ​ — ​ 741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

(LOSSES) EARNINGS PER SHARE (Ta

(LOSSES) EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2024
(LOSSES) EARNINGS PER SHARE
Schedule of basic and diluted (losses) earnings per share	​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Three Months Ended ​ June 30, ​ 2024 2023 Net (loss) income $ 1,380 ​ $ 1,139 Weighted-average common shares outstanding ​ 6,154 ​ ​ 6,040 Basic and diluted (losses) earnings per share $ 0.23 ​ $ 0.19 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands, except earnings per share) Six Months Ended ​ June 30, ​ 2024 2023 Net income $ (16,997) ​ $ 2,496 Weighted-average common shares outstanding ​ 6,138 ​ ​ 6,030 Basic and diluted earnings per share $ (2.77) ​ $ 0.41

SECURITIES - Amortized cost, re

SECURITIES - Amortized cost, related estimated fair value, and unrealized gains and losses (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available-for-Sale Securities
Amortized Cost	$ 441,608	$ 425,972
Gross Unrealized Gains	635	536
Gross Unrealized Losses	(38,654)	(33,540)
Total	403,589	392,968
Debt Securities, Available-for-Sale, Allowance for Credit Loss	0
Other mortgage backed securities
Available-for-Sale Securities
Amortized Cost	51,082	36,623
Gross Unrealized Gains	109	168
Gross Unrealized Losses	(2,563)	(2,741)
Total	48,628	34,050
U.S. Treasury and/or agency securities
Available-for-Sale Securities
Amortized Cost	7,896	7,881
Gross Unrealized Losses	(893)	(840)
Total	7,003	7,041
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Available-for-Sale Securities
Amortized Cost	157,735	152,510
Gross Unrealized Gains	35
Gross Unrealized Losses	(15,395)	(14,518)
Total	142,375	137,992
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities
Amortized Cost	5,949	7,560
Gross Unrealized Gains	95	126
Gross Unrealized Losses	(41)	(54)
Total	6,003	7,632
Obligations of state and political subdivisions
Available-for-Sale Securities
Amortized Cost	95,673	97,899
Gross Unrealized Gains	15	18
Gross Unrealized Losses	(11,047)	(10,214)
Total	84,641	87,703
Asset backed securities
Available-for-Sale Securities
Amortized Cost	85,262	82,852
Gross Unrealized Gains	289	150
Gross Unrealized Losses	(480)	(840)
Total	85,071	82,162
Corporate debt securities
Available-for-Sale Securities
Amortized Cost	38,011	40,647
Gross Unrealized Gains	92	74
Gross Unrealized Losses	(8,235)	(4,333)
Total	$ 29,868	$ 36,388

SECURITIES - Aging of amortized

SECURITIES - Aging of amortized cost and fair value of debt securities (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Other mortgage backed securities
Available-For-Sale - Amortized cost
Within 1 Year	$ 2,950
1 - 5 Years	1,202
5 - 10 Years	1,378
After 10 Years	45,552
Total	51,082
Available-For-Sale - Estimated fair value
Within 1 Year	2,925
1 - 5 Years	1,157
5 - 10 Years	1,376
After 10 Years	43,170
Total	48,628
U.S. Treasury and/or agency securities
Available-For-Sale - Amortized cost
1 - 5 Years	7,896
Total	7,896
Available-For-Sale - Estimated fair value
1 - 5 Years	7,003
Total	7,003
U.S. Government Corporations & Agencies Obligations
Available-For-Sale - Amortized cost
1 - 5 Years	6,939
5 - 10 Years	4,624
After 10 Years	152,121
Total	163,684
Available-For-Sale - Estimated fair value
1 - 5 Years	6,898
5 - 10 Years	4,692
After 10 Years	136,788
Total	148,378
Obligations of state and political subdivisions
Available-For-Sale - Amortized cost
Within 1 Year	5,590
1 - 5 Years	14,293
5 - 10 Years	26,245
After 10 Years	49,545
Total	95,673
Available-For-Sale - Estimated fair value
Within 1 Year	5,511
1 - 5 Years	13,743
5 - 10 Years	22,576
After 10 Years	42,811
Total	84,641
Asset backed securities
Available-For-Sale - Amortized cost
5 - 10 Years	4,648
After 10 Years	80,614
Total	85,262
Available-For-Sale - Estimated fair value
5 - 10 Years	4,622
After 10 Years	80,449
Total	85,071
Corporate debt securities
Available-For-Sale - Amortized cost
1 - 5 Years	1,244
5 - 10 Years	31,678
After 10 Years	5,089
Total	38,011
Available-For-Sale - Estimated fair value
1 - 5 Years	1,212
5 - 10 Years	28,217
After 10 Years	439
Total	$ 29,868

SECURITIES - Securities From Is

SECURITIES - Securities From Issuers In Excess Of Ten Percent Of Consolidated Stockholders' Equity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt securities available-for-sale, at fair value	$ 403,589	$ 392,968
Stockholders' Equity | Securities Holdings Concentration Risk | Sallie Mae Bank securities
Debt securities available-for-sale, at fair value	29,712	25,737
Stockholders' Equity | Securities Holdings Concentration Risk | Nelnet Student Loan Trust
Debt securities available-for-sale, at fair value	16,904	15,486
Stockholders' Equity | Securities Holdings Concentration Risk | Velocity Commercial Capital
Debt securities available-for-sale, at fair value	25,583
Stockholders' Equity | Securities Holdings Concentration Risk | Navient Student Loan Trust
Debt securities available-for-sale, at fair value	$ 11,739	$ 13,179

SECURITIES - Continuous unreali

SECURITIES - Continuous unrealized loss position (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Less Than 12 Months
Fair Value	$ 84,292	$ 80,346
Unrealized Loss	(5,512)	(855)
12 Months or More
Fair Value	244,545	263,060
Unrealized Loss	(33,142)	(32,685)
Total
Fair Value	328,837	343,406
Unrealized Loss	(38,654)	(33,540)
Other mortgage backed debt securities
Less Than 12 Months
Fair Value	20,636	1,568
Unrealized Loss	(363)	(1)
12 Months or More
Fair Value	21,224	25,042
Unrealized Loss	(2,200)	(2,740)
Total
Fair Value	41,860	26,610
Unrealized Loss	(2,563)	(2,741)
U.S. Treasury and/or agency securities
12 Months or More
Fair Value	7,003	7,041
Unrealized Loss	(893)	(840)
Total
Fair Value	7,003	7,041
Unrealized Loss	(893)	(840)
Obligations of U.S. Government Agencies and Sponsored Agencies Mortgage-Backed
Less Than 12 Months
Fair Value	27,412	23,103
Unrealized Loss	(138)	(242)
12 Months or More
Fair Value	101,754	102,608
Unrealized Loss	(15,257)	(14,276)
Total
Fair Value	129,166	125,711
Unrealized Loss	(15,395)	(14,518)
Obligations of U.S. Government Agencies and Sponsored Agencies Other
12 Months or More
Fair Value	2,416	3,029
Unrealized Loss	(41)	(54)
Total
Fair Value	2,416	3,029
Unrealized Loss	(41)	(54)
Obligations of state and political subdivisions
Less Than 12 Months
Fair Value	1,246
Unrealized Loss	(9)
12 Months or More
Fair Value	80,387	82,113
Unrealized Loss	(11,038)	(10,214)
Total
Fair Value	81,633	82,113
Unrealized Loss	(11,047)	(10,214)
Asset backed securities
Less Than 12 Months
Fair Value	30,739	52,862
Unrealized Loss	(134)	(342)
12 Months or More
Fair Value	7,019	12,726
Unrealized Loss	(346)	(498)
Total
Fair Value	37,758	65,588
Unrealized Loss	(480)	(840)
Corporate debt securities
Less Than 12 Months
Fair Value	4,259	2,813
Unrealized Loss	(4,868)	(270)
12 Months or More
Fair Value	24,742	30,501
Unrealized Loss	(3,367)	(4,063)
Total
Fair Value	29,001	33,314
Unrealized Loss	$ (8,235)	$ (4,333)

SECURITIES - Unrealized and rea

SECURITIES - Unrealized and realized gains (losses) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
SECURITIES
Net losses from market value fluctuations recognized during the period on equity securities	$ (194)	$ (224)
Net losses recognized during the reporting period on equity securities still held at the reporting date	$ (194)	$ (224)

SECURITIES - Additional Informa

SECURITIES - Additional Information (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($) item
Debt securities available-for-sale, at fair value	$ 403,589,000		$ 403,589,000		$ 392,968,000
Aggregate carrying value	184,259,000		184,259,000		$ 182,050,000
Proceeds from sales of debt securities available-for-sale	0	$ 0	0	$ 23,230,000
Net gains and losses on debt securities	$ 0	$ 0
Gain on debt securities			0	447,000
Loss on debt securities			$ 0	$ 348,000
Number of securities in loss position | item	178		178		177
Percentage decline in value	8.61%		8.61%		7.75%
Minimum percentage of equity held			10%		10%
Accrued interest receivable on debt securities			$ 2,383,000
Marketable equity securities, at fair value	$ 1,288,000		1,288,000		$ 1,482,000
Asset Pledged as Collateral
Debt securities available-for-sale, at fair value	326,659,000		326,659,000		249,114,000
Marketable Equity Securities
Marketable equity securities, at fair value	1,288,000		1,288,000		1,482,000
Sallie Mae Bank securities | Securities Holdings Concentration Risk | Stockholders' Equity
Debt securities available-for-sale, at fair value	$ 29,712,000		$ 29,712,000		$ 25,737,000

LOANS AND ALLOWANCE FOR CREDI_3

LOANS AND ALLOWANCE FOR CREDIT LOSSES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	$ 922,494,000	$ 871,239,000	$ 922,494,000	$ 871,239,000	$ 911,078,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023	150,000		150,000		265,000
2023/2022	187,000		187,000		281,000
2022/2021	235,000		235,000		189,000
2021/2020	161,000		161,000		136,000
2020/2019	121,000		121,000		196,000
Prior	211,000		211,000		7,000
Loans and Leases Receivable, Deferred Income, Total	1,065,000		1,065,000		1,074,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023	49,991,000		49,991,000		126,960,000
2023/2022	129,133,000		129,133,000		202,674,000
2022/2021	194,042,000		194,042,000		154,341,000
2021/2020	147,356,000		147,356,000		123,385,000
2020/2019	116,483,000		116,483,000		71,134,000
Prior	285,489,000		285,489,000		232,584,000
Financing Receivable, Total	922,494,000	871,239,000	922,494,000	871,239,000	911,078,000
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2024/2023					2,000
2023/2022			5,000		23,000
2022/2021			12,000		13,000
2021/2020			5,000		2,000
2020/2019			6,000		4,000
Prior			5,000		13,000
Total Gross Charge Offs	21,000	21,000	33,000	38,000	57,000
GGLs
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	4,380,000		4,380,000		4,470,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	4,380,000		4,380,000		4,470,000
Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023	49,841,000		49,841,000		126,637,000
2023/2022	128,946,000		128,946,000		202,307,000
2022/2021	193,726,000		193,726,000		153,565,000
2021/2020	146,970,000		146,970,000		119,588,000
2020/2019	112,753,000		112,753,000		61,486,000
Prior	265,873,000		265,873,000		222,329,000
Financing Receivable, Total	898,109,000		898,109,000		885,912,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	898,109,000		898,109,000		885,912,000
Special Mention
Financing Receivable, Recorded Investment [Line Items]
2024/2023					58,000
Financing Receivable, Total					58,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total					58,000
Substandard
Financing Receivable, Recorded Investment [Line Items]
2023/2022					86,000
2022/2021	81,000		81,000		587,000
2021/2020	225,000		225,000		3,661,000
2020/2019	3,609,000		3,609,000		9,452,000
Prior	19,405,000		19,405,000		10,248,000
Financing Receivable, Total	23,320,000		23,320,000		24,034,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	23,320,000		23,320,000		24,034,000
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	824,217,000	774,688,000	824,217,000	774,688,000	811,493,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023	84,000		84,000		130,000
2023/2022	74,000		74,000		176,000
2022/2021	150,000		150,000		153,000
2021/2020	143,000		143,000		116,000
2020/2019	107,000		107,000		(13,000)
Prior	10,000		10,000		8,000
Loans and Leases Receivable, Deferred Income, Total	568,000		568,000		570,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023	43,198,000		43,198,000		110,949,000
2023/2022	113,042,000		113,042,000		186,991,000
2022/2021	179,280,000		179,280,000		133,464,000
2021/2020	127,270,000		127,270,000		113,815,000
2020/2019	110,588,000		110,588,000		63,982,000
Prior	250,839,000		250,839,000		202,292,000
Financing Receivable, Total	824,217,000	774,688,000	824,217,000	774,688,000	811,493,000
Real Estate | Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023	43,114,000		43,114,000		110,819,000
2023/2022	112,968,000		112,968,000		186,729,000
2022/2021	179,049,000		179,049,000		132,724,000
2021/2020	126,902,000		126,902,000		110,038,000
2020/2019	106,892,000		106,892,000		54,543,000
Prior	232,070,000		232,070,000		192,686,000
Financing Receivable, Total	800,995,000		800,995,000		787,539,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	800,995,000		800,995,000		787,539,000
Real Estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
2023/2022					86,000
2022/2021	81,000		81,000		587,000
2021/2020	225,000		225,000		3,661,000
2020/2019	3,589,000		3,589,000		9,452,000
Prior	18,759,000		18,759,000		9,598,000
Financing Receivable, Total	22,654,000		22,654,000		23,384,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	22,654,000		22,654,000		23,384,000
Agricultural
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	990,000	862,000	990,000	862,000	671,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023	1,000		1,000
2023/2022	2,000		2,000		1,000
Loans and Leases Receivable, Deferred Income, Total	3,000		3,000		1,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023	36,000		36,000
2023/2022	245,000		245,000		60,000
2022/2021	51,000		51,000
Prior	658,000		658,000		611,000
Financing Receivable, Total	990,000	862,000	990,000	862,000	671,000
Agricultural | Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023	35,000		35,000
2023/2022	243,000		243,000		59,000
2022/2021	51,000		51,000
Prior	658,000		658,000		611,000
Financing Receivable, Total	987,000		987,000		670,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	987,000		987,000		670,000
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	64,959,000	61,313,000	64,959,000	61,313,000	66,909,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023	43,000		43,000		95,000
2023/2022	82,000		82,000		83,000
2022/2021	70,000		70,000		24,000
2021/2020	9,000		9,000		17,000
2020/2019	12,000		12,000		208,000
Prior	200,000		200,000		(1,000)
Loans and Leases Receivable, Deferred Income, Total	416,000		416,000		426,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023	5,053,000		5,053,000		12,767,000
2023/2022	13,097,000		13,097,000		10,269,000
2022/2021	9,635,000		9,635,000		5,800,000
2021/2020	5,211,000		5,211,000		7,456,000
2020/2019	3,911,000		3,911,000		7,041,000
Prior	28,052,000		28,052,000		23,576,000
Financing Receivable, Total	64,959,000	61,313,000	64,959,000	61,313,000	66,909,000
Commercial and Industrial | Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023	5,010,000		5,010,000		12,672,000
2023/2022	13,015,000		13,015,000		10,186,000
2022/2021	9,565,000		9,565,000		5,776,000
2021/2020	5,202,000		5,202,000		7,439,000
2020/2019	3,879,000		3,879,000		6,833,000
Prior	27,216,000		27,216,000		22,927,000
Financing Receivable, Total	63,887,000		63,887,000		65,833,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	63,887,000		63,887,000		65,833,000
Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment [Line Items]
2020/2019	20,000		20,000
Prior	636,000		636,000		650,000
Financing Receivable, Total	656,000		656,000		650,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	656,000		656,000		650,000
Consumer
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	6,250,000	6,129,000	6,250,000	6,129,000	5,824,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023	22,000		22,000		38,000
2023/2022	27,000		27,000		20,000
2022/2021	14,000		14,000		8,000
2021/2020	5,000		5,000		2,000
2020/2019	1,000		1,000		1,000
Loans and Leases Receivable, Deferred Income, Total	69,000		69,000		69,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023	1,704,000		1,704,000		2,511,000
2023/2022	1,904,000		1,904,000		1,258,000
2022/2021	980,000		980,000		934,000
2021/2020	732,000		732,000		208,000
2020/2019	126,000		126,000		111,000
Prior	804,000		804,000		802,000
Financing Receivable, Total	6,250,000	6,129,000	6,250,000	6,129,000	5,824,000
Financing Receivable, Excluding Accrued Interest, Allowance for Credit Loss, Writeoff, by Origination Year [Abstract]
2024/2023					2,000
2023/2022			5,000		23,000
2022/2021			12,000		13,000
2021/2020			5,000		2,000
2020/2019			6,000		4,000
Prior			5,000		13,000
Total Gross Charge Offs	21,000	21,000	33,000	38,000	57,000
Consumer | Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023	1,682,000		1,682,000		2,415,000
2023/2022	1,877,000		1,877,000		1,238,000
2022/2021	966,000		966,000		926,000
2021/2020	727,000		727,000		206,000
2020/2019	125,000		125,000		110,000
Prior	794,000		794,000		802,000
Financing Receivable, Total	6,171,000		6,171,000		5,697,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	6,171,000		6,171,000		5,697,000
Consumer | Special Mention
Financing Receivable, Recorded Investment [Line Items]
2024/2023					58,000
Financing Receivable, Total					58,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total					58,000
Consumer | Substandard
Financing Receivable, Recorded Investment [Line Items]
Prior	10,000		10,000
Financing Receivable, Total	10,000		10,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	10,000		10,000
State and Political Subdivisions
Financing Receivable, Recorded Investment [Line Items]
Financing Receivable, Total	26,078,000	28,247,000	26,078,000	28,247,000	26,181,000
Financing Receivable, Deferred Income, by Origination Year [Abstract]
2024/2023					2,000
2023/2022	2,000		2,000		1,000
2022/2021	1,000		1,000		4,000
2021/2020	4,000		4,000		1,000
2020/2019	1,000		1,000
Prior	1,000		1,000
Loans and Leases Receivable, Deferred Income, Total	9,000		9,000		8,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
2024/2023					733,000
2023/2022	845,000		845,000		4,096,000
2022/2021	4,096,000		4,096,000		14,143,000
2021/2020	14,143,000		14,143,000		1,906,000
2020/2019	1,858,000		1,858,000
Prior	5,136,000		5,136,000		5,303,000
Financing Receivable, Total	26,078,000	$ 28,247,000	26,078,000	$ 28,247,000	26,181,000
State and Political Subdivisions | Pass
Financing Receivable, Recorded Investment [Line Items]
2024/2023					731,000
2023/2022	843,000		843,000		4,095,000
2022/2021	4,095,000		4,095,000		14,139,000
2021/2020	14,139,000		14,139,000		1,905,000
2020/2019	1,857,000		1,857,000
Prior	5,135,000		5,135,000		5,303,000
Financing Receivable, Total	26,069,000		26,069,000		26,173,000
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss [Abstract]
Financing Receivable, Total	$ 26,069,000		$ 26,069,000		$ 26,173,000

LOANS AND ALLOWANCE FOR CREDI_4

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Activity in allowance for credit losses (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
Allowance, Beginning balance	$ 7,196,000	$ 7,142,000	$ 6,925,000	$ 8,274,000	$ 8,274,000
Charge-offs	(21,000)	(21,000)	(33,000)	(38,000)	(57,000)
Recoveries	2,000	2,000	21,000	6,000	44,000
(Credit) Provision	510,000	34,000	774,000	34,000	(217,000)
Allowance, Ending Balance	7,687,000	7,157,000	7,687,000	7,157,000	6,925,000
Total	922,494,000	871,239,000	922,494,000	871,239,000	911,078,000
Reserve For Unfunded Lending Commitments	196,000	260,000	196,000	260,000	166,000
Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments	196,000		196,000		166,000
Reserve For Unfunded Lending Commitments	196,000	260,000	196,000	260,000	166,000	$ 68,000
Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				7,155,000	7,155,000
Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				(1,119,000)	(1,119,000)
Cumulative Effect, Period of Adoption, Adjustment [Member] | Unfunded Loan Commitment
Reserve For Unfunded Lending Commitments		147,000		147,000
Loans Individually Evaluated For Impairment [Member]
Total	4,849,000	5,398,000	4,849,000	5,398,000	4,925,000
Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			6,925,000
Allowance, Ending Balance	7,687,000	7,157,000	7,687,000	7,157,000	6,925,000
Total	917,645,000	865,841,000	917,645,000	865,841,000	906,153,000
Real Estate
Allowance, Beginning balance	6,725,000	6,735,000	6,539,000	7,483,000	7,483,000
Recoveries	1,000	1,000	19,000	2,000	37,000
(Credit) Provision	480,000	18,000	648,000	(14,000)	(264,000)
Allowance, Ending Balance	7,206,000	6,754,000	7,206,000	6,754,000	6,539,000
Total	824,217,000	774,688,000	824,217,000	774,688,000	811,493,000
Reserve For Unfunded Lending Commitments	159,000	225,000	159,000	225,000	140,000
Real Estate | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				6,766,000	6,766,000
Real Estate | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				(717,000)	(717,000)
Real Estate | Loans Individually Evaluated For Impairment [Member]
Total	3,929,000	4,445,000	3,929,000	4,445,000	4,005,000
Real Estate | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			6,539,000
Allowance, Ending Balance	7,206,000	6,754,000	7,206,000	6,754,000	6,539,000
Total	820,288,000	770,243,000	820,288,000	770,243,000	807,488,000
Agricultural
Allowance, Beginning balance	1,000	1,000	1,000	6,000	6,000
(Credit) Provision	1,000		1,000	(1,000)	(1,000)
Allowance, Ending Balance	2,000	1,000	2,000	1,000	1,000
Total	990,000	862,000	990,000	862,000	671,000
Agricultural | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				2,000	2,000
Agricultural | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				(4,000)	(4,000)
Agricultural | Loans Individually Evaluated For Impairment [Member]
Total	309,000	309,000	309,000	309,000	309,000
Agricultural | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			1,000
Allowance, Ending Balance	2,000	1,000	2,000	1,000	1,000
Total	681,000	553,000	681,000	553,000	362,000
Commercial and Industrial
Allowance, Beginning balance	322,000	265,000	265,000	504,000	504,000
Recoveries	1,000	1,000	1,000	2,000	2,000
(Credit) Provision	2,000	2,000	59,000	23,000	20,000
Allowance, Ending Balance	325,000	268,000	325,000	268,000	265,000
Total	64,959,000	61,313,000	64,959,000	61,313,000	66,909,000
Reserve For Unfunded Lending Commitments	36,000	35,000	36,000	35,000	25,000
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				243,000	243,000
Commercial and Industrial | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				(261,000)	(261,000)
Commercial and Industrial | Loans Individually Evaluated For Impairment [Member]
Total	611,000	644,000	611,000	644,000	611,000
Commercial and Industrial | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			265,000
Allowance, Ending Balance	325,000	268,000	325,000	268,000	265,000
Total	64,348,000	60,669,000	64,348,000	60,669,000	66,298,000
Consumer
Allowance, Beginning balance	85,000	93,000	78,000	84,000	84,000
Charge-offs	(21,000)	(21,000)	(33,000)	(38,000)	(57,000)
Recoveries			1,000	2,000	5,000
(Credit) Provision	27,000	17,000	45,000	30,000	35,000
Allowance, Ending Balance	91,000	89,000	91,000	89,000	78,000
Total	6,250,000	6,129,000	6,250,000	6,129,000	5,824,000
Consumer | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				95,000	95,000
Consumer | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				11,000	11,000
Consumer | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			78,000
Allowance, Ending Balance	91,000	89,000	91,000	89,000	78,000
Total	6,250,000	6,129,000	6,250,000	6,129,000	5,824,000
State and Political Subdivisions
Allowance, Beginning balance	63,000	48,000	42,000	197,000	197,000
(Credit) Provision		(3,000)	21,000	(4,000)	(7,000)
Allowance, Ending Balance	63,000	45,000	63,000	45,000	42,000
Total	26,078,000	28,247,000	26,078,000	28,247,000	26,181,000
Reserve For Unfunded Lending Commitments	1,000		1,000		1,000
State and Political Subdivisions | Cumulative Effect, Period of Adoption, Adjusted Balance [Member]
Allowance, Beginning balance				49,000	49,000
State and Political Subdivisions | Cumulative Effect, Period of Adoption, Adjustment [Member]
Allowance, Beginning balance				(148,000)	(148,000)
State and Political Subdivisions | Loans Collectively Evaluated For Impairment [Member]
Allowance, Beginning balance			42,000
Allowance, Ending Balance	63,000	45,000	63,000	45,000	42,000
Total	$ 26,078,000	$ 28,247,000	$ 26,078,000	$ 28,247,000	$ 26,181,000

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	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Credit for credit losses on unfunded commitments	$ 29	$ 45
Unfunded Loan Commitment
Beginning balance	166	68
CECL adoption adjustment	196	260
Credit for credit losses on unfunded commitments	30	45
Ending balance	$ 196	260
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 - Collateral dependent loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Collateral-dependent loans
Total	$ 922,494	$ 911,078	$ 871,239
Real Estate
Collateral-dependent loans
Total	3,929	4,005
Other
Collateral-dependent loans
Total	920	920
Real Estate
Collateral-dependent loans
Total	824,217	811,493	774,688
Real Estate | Real Estate
Collateral-dependent loans
Total	3,929	4,005
Agricultural
Collateral-dependent loans
Total	990	671	862
Agricultural | Other
Collateral-dependent loans
Total	309	309
Commercial and Industrial
Collateral-dependent loans
Total	64,959	66,909	$ 61,313
Commercial and Industrial | Other
Collateral-dependent loans
Total	$ 611	$ 611

LOANS AND ALLOWANCE FOR CREDI_7

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Non-performing assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Total non-accrual loans	$ 4,540	$ 4,616
Loans past-due 90 days or more and still accruing interest	495	1,065
Total non-performing assets	5,035	5,681
Real Estate
Total non-accrual loans	3,929	4,005
Loans past-due 90 days or more and still accruing interest	495	1,065
Commercial and Industrial
Total non-accrual loans	$ 611	$ 611

LOANS AND ALLOWANCE FOR CREDI_8

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Loan modifications categorized as TDRs (Details)	6 Months Ended			12 Months Ended
	Jun. 30, 2024 loan	Jun. 30, 2024 USD ($)	Jun. 30, 2024 contract	Dec. 31, 2023 USD ($)
Number of contracts	1		1
Pre-Modification Outstanding Recorded Investment		$ 9,455,000
Post-Modification Outstanding Recorded Investment		9,455,000
Recorded Investment		9,455,000		$ 0
Real estate
Number of contracts | contract			1
Pre-Modification Outstanding Recorded Investment		9,455,000
Post-Modification Outstanding Recorded Investment		9,455,000
Recorded Investment		$ 9,455,000

LOANS AND ALLOWANCE FOR CREDI_9

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	$ 922,494	$ 871,239	$ 922,494	$ 871,239		$ 911,078
Related allowance	7,687	7,157	7,687	7,157	$ 7,196	6,925	$ 7,142	$ 8,274
Recorded Investment
With no related allowance recorded	4,540		4,540			4,616
Total	4,540		4,540			4,616
Unpaid Principal Balance
With no related allowance recorded	6,529		6,529			6,605
Total	6,529		6,529			6,605
Average Recorded Investment
With no related allowance recorded	4,568	5,020	4,584	5,049
Total	4,568	5,020	4,584	5,049
Interest Income Recognized
With no related allowance recorded		4
Total		4
Real Estate
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	824,217	774,688	824,217	774,688		811,493
Related allowance	7,206	6,754	7,206	6,754	6,725	6,539	6,735	7,483
Recorded Investment
With no related allowance recorded	3,929		3,929			4,005
Total	3,929		3,929			4,005
Unpaid Principal Balance
With no related allowance recorded	5,918		5,918			5,994
Total	5,918		5,918			5,994
Average Recorded Investment
With no related allowance recorded	3,957	4,367	3,973	4,390
Total	3,957	4,367	3,973	4,390
Interest Income Recognized
With no related allowance recorded		4
Total		4
Agricultural
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	990	862	990	862		671
Related allowance	2	1	2	1	1	1	1	6
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Unpaid principal balance	64,959	61,313	64,959	61,313		66,909
Related allowance	325	268	325	268	$ 322	265	$ 265	$ 504
Recorded Investment
With no related allowance recorded	611		611			611
Total	611		611			611
Unpaid Principal Balance
With no related allowance recorded	611		611			611
Total	611		611			$ 611
Average Recorded Investment
With no related allowance recorded	611	653	611	659
Total	$ 611	$ 653	$ 611	$ 659

LOANS AND ALLOWANCE FOR CRED_10

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Outstanding loan balances by loan class prior to allocation of net deferred fees and costs (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment [Line Items]
Subtotal	$ 921,429		$ 910,004
Net Deferred Fees and Costs	1,065		1,074
Allowance for credit losses	(7,687)	$ (7,196)	(6,925)	$ (7,157)	$ (7,142)	$ (8,274)
Net loans	914,807		904,153
Real Estate
Financing Receivable, Recorded Investment [Line Items]
Subtotal	823,649		810,923
Allowance for credit losses	(7,206)	(6,725)	(6,539)	(6,754)	(6,735)	(7,483)
Agricultural
Financing Receivable, Recorded Investment [Line Items]
Subtotal	987		670
Allowance for credit losses	(2)	(1)	(1)	(1)	(1)	(6)
Commercial and Industrial
Financing Receivable, Recorded Investment [Line Items]
Subtotal	64,543		66,483
Allowance for credit losses	(325)	(322)	(265)	(268)	(265)	(504)
Consumer
Financing Receivable, Recorded Investment [Line Items]
Subtotal	6,181		5,755
Allowance for credit losses	(91)	(85)	(78)	(89)	(93)	(84)
State and Political Subdivisions
Financing Receivable, Recorded Investment [Line Items]
Subtotal	26,069		26,173
Allowance for credit losses	$ (63)	$ (63)	$ (42)	$ (45)	$ (48)	$ (197)

LOANS AND ALLOWANCE FOR CRED_11

LOANS AND ALLOWANCE FOR CREDIT LOSSES - TDRs recorded investment (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Financing Receivable, Modifications, Recorded Investment	$ 9,455
Accruing TDRs
Financing Receivable, Modifications, Recorded Investment	$ 9,455

LOANS AND ALLOWANCE FOR CRED_12

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Past due (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023
Current - 29 Days Past Due	$ 908,615	$ 902,853
Total	922,494	911,078	$ 871,239
90 Days or Greater Past Due and Still Accruing Interest	495	1,065
Financial Asset, 30 to 59 Days Past Due
Total	3,888	2,182
Financing Receivables, 60 to 89 Days Past Due
Total	4,957	383
Financing Receivables, Equal to Greater than 90 Days Past Due
Total	5,034	5,660
Financial Asset, Past Due
Total	13,879	8,225
Real Estate
Current - 29 Days Past Due	811,114	803,890
Total	824,217	811,493	774,688
90 Days or Greater Past Due and Still Accruing Interest	495	1,065
Real Estate | Financial Asset, 30 to 59 Days Past Due
Total	3,723	2,155
Real Estate | Financing Receivables, 60 to 89 Days Past Due
Total	4,957	379
Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	4,423	5,069
Real Estate | Financial Asset, Past Due
Total	13,103	7,603
Agricultural
Current - 29 Days Past Due	990	671
Total	990	671	862
Commercial and Industrial
Current - 29 Days Past Due	64,204	66,312
Total	64,959	66,909	61,313
Commercial and Industrial | Financial Asset, 30 to 59 Days Past Due
Total	144	6
Commercial and Industrial | Financing Receivables, Equal to Greater than 90 Days Past Due
Total	611	591
Commercial and Industrial | Financial Asset, Past Due
Total	755	597
Consumer
Current - 29 Days Past Due	6,229	5,799
Total	6,250	5,824	6,129
Consumer | Financial Asset, 30 to 59 Days Past Due
Total	21	21
Consumer | Financing Receivables, 60 to 89 Days Past Due
Total		4
Consumer | Financial Asset, Past Due
Total	21	25
State and Political Subdivisions
Current - 29 Days Past Due	26,078	26,181
Total	$ 26,078	$ 26,181	$ 28,247

LOANS AND ALLOWANCE FOR CRED_13

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Types of loan modifications (Details) - 6 months ended Jun. 30, 2024	loan	contract
Financing Receivables, Modifications, Number of Contracts	1	1
Payment Modification
Financing Receivables, Modifications, Number of Contracts	1
Real estate
Financing Receivables, Modifications, Number of Contracts | contract		1
Real estate | Real estate
Financing Receivables, Modifications, Number of Contracts	1
Real estate | Payment Modification | Real estate
Financing Receivables, Modifications, Number of Contracts	1

LOANS AND ALLOWANCE FOR CRED_14

LOANS AND ALLOWANCE FOR CREDIT LOSSES - Additional Information (Details)	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) loan item	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) item loan	Dec. 31, 2023 USD ($) loan
Loans Receivable Held-for-sale, Amount	$ 305,000		$ 305,000	$ 214,000
Unpaid principal balance	922,494,000	$ 871,239,000	$ 922,494,000	911,078,000
Loan payments of delinquency period			10 days
Delinquency notice is automatically generated			10 or 15
Loan Payments, Delinquency Period, Beyond Which Loans are Considered Non-Accrual			90 days
Reserve for unfunded lending commitments	196,000	260,000	$ 196,000	166,000
Accrued interest exclude from the amortized cost basis of loans	2,650,000		2,650,000	2,476,000
Foreclosed Assets Held For Resale	0		0	0
Consumer Mortgage Loans Secured by Residential Real Estate in Process of Foreclosure	137,000		137,000	$ 138,000
Financing Receivable, Modifications, Recorded Investment	$ 9,455,000		9,455,000
Financing Receivable, Modifications, Unfunded Commitments			0
Modified value of TDR			$ 9,455,000
Number of TDRs not in compliance with restructure | item	0		0
Number of financing receivable modified | loan	0		0	0
Recorded Investment			$ 9,455,000	$ 0
Impaired Financing Receivable, Interest Income, Accrual Method		4,000
Financing Receivable, Modifications, Post-Modification Recorded Investment			$ 9,455,000
Number of loans modified as troubled debt restructuring within previous 12 months, with subsequent payment default | item	0		0
GGLs
Unpaid principal balance	$ 4,380,000		$ 4,380,000	4,470,000
Unfunded Loan Commitment
Reserve for unfunded lending commitments	196,000		$ 196,000	166,000
Home Equity Line of Credit | Home Equity Term Loans | Maximum
Term of loan offering			20 years
Commercial and Industrial
Unpaid principal balance	64,959,000	61,313,000	$ 64,959,000	66,909,000
Reserve for unfunded lending commitments	36,000	35,000	36,000	25,000
Commercial and Industrial | GGLs
Government Guaranteed Loans.	4,380,000		4,380,000	4,470,000
Political Subdivision Loans
Tax free loans	26,078,000		26,078,000	26,181,000
Commercial Real Estate
Loans Receivable Held-for-sale, Amount	305,000		305,000	214,000
Modified value of TDR			9,455,000
Recorded Investment			9,455,000
Financing Receivable, Modifications, Post-Modification Recorded Investment			$ 9,455,000
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	$ 305,000		$ 305,000	214,000
Residential Real Estate | Maximum
Term of loan offering			20 years
Residential Real Estate | Home Equity Term Loans | Maximum
Term of loan offering			15 years
Residential Real Estate | Residential Mortgage
Maximum loan to value ratio with PMI	95%		95%
Residential Real Estate | Residential Mortgage | Originated For Resale
Loans held for sale term	30 years		30 years
Residential Real Estate | Residential Mortgage | Originated For Resale | Maximum
Term of loan offering			30 years
Maximum loan to value ratio			80%
Residential Real Estate | Home Equity Loan | Maximum
Maximum loan to value ratio			80%
Residential Real Estate | Home Equity Line of Credit | Maximum
Maximum loan to value ratio			80%
Consumer
Unpaid principal balance	$ 6,250,000	6,129,000	$ 6,250,000	5,824,000
Agricultural
Unpaid principal balance	$ 990,000	$ 862,000	$ 990,000	$ 671,000
Agricultural | Maximum
Term of loan offering			10 years
Maximum loan to value ratio			70%

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
DEPOSITS
Non-interest bearing demand	$ 206,004,000	$ 198,569,000
Interest bearing demand	263,637,000	275,472,000
Savings	201,789,000	212,280,000
Time certificates of deposits less than $250,000	275,059,000	259,841,000
Time certificates of deposits $250,000 or greater	36,234,000	33,185,000
Other time	1,486,000	1,092,000
Total deposits	$ 984,209,000	$ 980,439,000

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
DEPOSITS
Increase (decrease) in deposits	$ 3,770,000	$ (57,658,000)
Deposits	984,209,000		$ 980,439,000
Increase (decrease) in municipal deposits	$ (5,208,000)

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 175,311	$ 153,468
Short-term borrowings, Average Rate	5.52%	5.21%
Federal funds purchased
SHORT-TERM BORROWINGS
Short-term borrowings, Average Rate	6.59%	6.57%
Securities sold under agreements to repurchase
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 27,109	$ 19,708
Short-term borrowings, Average Rate	4.38%	3.28%
Federal Discount Window
SHORT-TERM BORROWINGS
Short-term borrowings, Amount		$ 1
Short-term borrowings, Average Rate	5.51%	4.99%
Federal Home Loan Bank
SHORT-TERM BORROWINGS
Short-term borrowings, Amount	$ 148,202	$ 133,759
Short-term borrowings, Average Rate	5.76%	5.45%

BORROWINGS - Repurchase Agreeme

BORROWINGS - Repurchase Agreements (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Repurchase agreements
Gross Amounts of Recognized Liabilities	$ 27,109	$ 19,708
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	27,109	19,708
Financial Instruments	(27,109)	(19,708)
Cash Collateral Pledge	0	0
Net Amount	$ 0	$ 0

BORROWINGS - Remaining contract

BORROWINGS - Remaining contractual maturity of repurchase agreements (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	$ 27,109
U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	27,109
Overnight and Continuous
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	27,109
Overnight and Continuous | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	27,109
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
Greater 30 - 90 Days
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Greater 30 - 90 Days | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Greater than 90 Days
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	0
Greater than 90 Days | U.S. Treasury and/or agency securities
Repurchase agreements and repurchase-to-maturity transactions:
Remaining Contractual Maturity of the Agreements	$ 0

BORROWINGS - Additional Informa

BORROWINGS - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Short-term Debt [Line Items]
Fair value of securities pledged	$ 37,880,000	$ 28,902,000
Long-term borrowings outstanding with the FHLB	122,000,000	122,000,000
Advance from FHLB	122,000,000	122,000,000
Net loans	914,807,000	$ 904,153,000
Maximum borrowing capacity	532,749,000
Investment securities pledged as collateral to FHLB	0
Irrevocable Standby Letter of Credit
Short-term Debt [Line Items]
Advance from FHLB	0
Asset Pledged as Collateral
Short-term Debt [Line Items]
Net loans	$ 761,536,000
Maximum
Short-term Debt [Line Items]
Federal funds purchased, securities sold under agreements to repurchase and Federal Home Loan Bank advances, maturity	30 days

SUBORDINATED DEBT (Details)

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

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Weighted average term and discount rates (Details)	Jun. 30, 2024	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
Operating Lease, Weighted-average term (years)	19 years 5 months 12 days	19 years 9 months
Operating Lease, Weighted-average discount rate	4.20%	4.22%

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Maturity analysis of operating lease liabilities (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
COMMITMENTS AND CONTINGENCIES
Within one year	$ 158,000	$ 175,000
After one but within two years	140,000	140,000
After two but within three years	147,000	140,000
After three but within four years	156,000	154,000
After four but within five years	157,000	157,000
After five years	2,238,000	2,317,000
Total undiscounted cash flows	2,996,000	3,083,000
Discount on cash flows	(1,031,000)	(1,107,000)
Total lease liability	$ 1,965,000	$ 1,976,000

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Additional Information (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) lease	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease right-of-use assets	$ 1,453,000		$ 1,472,000
Operating lease liabilities	1,965,000		$ 1,976,000
Operating lease costs	107,000	$ 113,000
Operating lease payments	$ 99,000	$ 106,000
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)	6 Months Ended
	Jun. 30, 2024 USD ($) item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 20, 2023 contract
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Aggregate fair value of collateral posted	$ 1,240,000		$ 4,650,000
Designated as hedging instruments | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of instruments | contract				4
Notional amount	$ 50,000,000		$ 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	$ 0
Estimated additional amount to be reclassified	639,000
Amount of gain reclassified from accumulated other comprehensive loss to interest expense	$ 502,000	$ 0

DERIVATIVE INSTRUMENTS AND HE_4

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Fair Value of Derivative Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Designated as hedging instruments
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Assets	$ 0	$ 0
Derivative Liabilities	741	4,501
Designated as hedging instruments | Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Assets	0	0
Derivative Liabilities	$ 741	$ 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	Jun. 30, 2024	Dec. 31, 2023
Derivative liabilities
Gross Amounts of Recognized Liabilities	$ 741	$ 4,501
Net Amounts of Liabilities Presented in the Consolidated Balance Sheet	$ 741	$ 4,501
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Cash Collateral Pledge	$ (741)	$ (4,501)
Contractual Obligation, Fiscal Year Maturity [Abstract]
Remaining Contractual Maturity of the Agreements 3 to 5 Years	741
Total	$ 741
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	$ 741
Total	$ 741

DERIVATIVE INSTRUMENTS AND HE_6

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Cumulative basis adjustment for fair value hedges (Details) - Designated as hedging instruments - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	$ 85,070	$ 86,770
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(295)	(1,637)
Available-for-sale - Municipals
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	50,809	50,964
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(222)	(1,230)
Available-for-sale - MBS
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Closed Portfolio Amount	34,261	35,806
Cumulative amount of fair value hedging adjustment included in the carrying amount of assets	(73)	(407)
Interest rate swaps
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Interest rate swaps notional amount	$ 50,000	$ 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 - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Amount of loss recognized in other comprehensive loss	$ (233)	$ 0
Amount of gain, net of fair value re-measurements, included in interest income	$ 272	$ 0

DERIVATIVE INSTRUMENTS AND HE_8

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Cash Flow Hedges (Details) - Designated as hedging instruments - Interest rate swaps - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Interest rate swaps notional amount	$ 50,000,000		$ 50,000,000
Cash Flow Hedges
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Amount of loss recognized in other comprehensive loss	(366,000)	$ 0
Amount of gain reclassified from accumulated other comprehensive loss to interest expense	502,000	0
Interest rate swaps notional amount	$ 100,000,000	$ 0

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments to extend credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument representing credit risk	$ 126,834	$ 116,954
Financial standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument representing credit risk	2,150	2,120
Performance standby letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instrument representing credit risk	$ 3,905	$ 3,688

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK AND CONCENTRATIONS OF CREDIT RISK - Additional Information (Details) - Credit Concentration Risk	Jun. 30, 2024 USD ($)
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Loans receivable, secure by commercial and residential real estate	$ 824,217,000
Loans receivable, percentage of loans secure by commercial and residential real estate	89.40%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	$ 403,589,000	$ 392,968,000
Marketable equity securities	1,288,000	1,482,000
U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	7,003,000	7,041,000
Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	6,003,000	7,632,000
Asset backed securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	85,071,000	82,162,000
Corporate debt securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	29,868,000	36,388,000
Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,288,000	1,482,000
Fair Value, Measurements, Recurring
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	403,589,000	392,968,000
Total recurring fair value measurements	404,877,000	394,450,000
Fair Value, Measurements, Recurring | U.S. Treasury and/or agency securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	7,003,000	7,041,000
Fair Value, Measurements, Recurring | Obligations of U.S. Government Agencies and Sponsored Agencies Mortgaged-backed
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	142,375,000	137,992,000
Fair Value, Measurements, Recurring | Obligations of U.S. Government Agencies and Sponsored Agencies Other
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	6,003,000	7,632,000
Fair Value, Measurements, Recurring | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	48,628,000	34,050,000
Fair Value, Measurements, Recurring | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	84,641,000	87,703,000
Fair Value, Measurements, Recurring | Asset backed securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	85,071,000	82,162,000
Fair Value, Measurements, Recurring | Corporate debt securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	29,868,000	36,388,000
Fair Value, Measurements, Recurring | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,288,000	1,482,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	7,003,000	7,041,000
Total recurring fair value measurements	8,291,000	8,523,000
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, at fair value	7,003,000	7,041,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Obligations of U.S. Government Agencies and Sponsored Agencies Mortgaged-backed
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	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, at fair value	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, at fair value	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, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Asset backed securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Corporate debt securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Marketable Equity Securities
Available-for-Sale Securities:
Marketable equity securities	1,288,000	1,482,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	396,586,000	385,927,000
Total recurring fair value measurements	396,586,000	385,927,000
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, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Obligations of U.S. Government Agencies and Sponsored Agencies Mortgaged-backed
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	142,375,000	137,992,000
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, at fair value	6,003,000	7,632,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Other Mortgage Backed Debt Securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	48,628,000	34,050,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Obligations of state and political subdivisions
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	84,641,000	87,703,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Asset backed securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	85,071,000	82,162,000
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Corporate debt securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	29,868,000	36,388,000
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, at fair value	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, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Obligations of U.S. Government Agencies and Sponsored Agencies Mortgaged-backed
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	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, at fair value	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, at fair value	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, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Asset backed securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Corporate debt securities
Available-for-Sale Securities:
Debt securities available-for-sale, at fair value	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 ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
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
Transfer in or out of Level 3	0	$ 0
Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,953,000		$ 1,990,000
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		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		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	1,953,000		1,990,000
Real Estate | Fair Value Measurements, Nonrecurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Individually evaluated loans	1,953,000		1,990,000
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		0
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		0
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	$ 1,953,000		$ 1,990,000

FAIR VALUE MEASUREMENTS - Quant

FAIR VALUE MEASUREMENTS - Quantitative information about Level 3 FV measurements (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Transfer in or out of Level 3	$ 0	$ 0
Impaired loans - collateral dependent | Fair Value, Inputs, Level 3 | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Estimate	$ 1,953,000		$ 1,990,000
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 | Fair Value, Inputs, Level 3 | 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 | Maximum | Fair Value, Inputs, Level 3 | 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 | Fair Value, Inputs, Level 3 | Appraisal Of Collateral, Certificate of Inspection
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Fair Value Inputs, Comparability Adjustments	(5.00%)		(5.00%)

FAIR VALUE MEASUREMENTS - FV of

FAIR VALUE MEASUREMENTS - FV of Financial instruments., nonrecurring (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
FINANCIAL LIABILITIES: (Fair Value)
Accrued interest payable	$ 3,698	$ 2,823
Derivative Liabilities	741	4,501
Estimate of Fair Value Measurement | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1, Level 2, and Level 3
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	14,292	9,462
Interest-bearing deposits in other banks	1,979	7,551
Restricted investment in bank stocks	11,493	10,885
Net loans	891,098	885,840
Mortgage servicing rights	241	265
Accrued interest receivable	5,328	5,201
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	671,430	686,321
Time deposits	310,426	292,073
Short-term borrowings	175,555	153,509
Long-term borrowings	123,244	125,343
Subordinated debentures	20,378	22,762
Accrued interest payable	3,698	2,823
Derivative Liabilities	741	4,501
Estimate of Fair Value Measurement | Fair Value Measurements, Nonrecurring | Fair Value, Inputs, Level 1
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	14,292	9,462
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 | 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	1,979	7,551
Restricted investment in bank stocks	11,493	10,885
Net loans	0	0
Mortgage servicing rights	0	0
Accrued interest receivable	5,328	5,201
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	671,430	686,321
Time deposits	310,426	292,073
Short-term borrowings	175,555	153,509
Long-term borrowings	123,244	125,343
Subordinated debentures	20,378	22,762
Accrued interest payable	3,698	2,823
Derivative Liabilities	741	4,501
Estimate of Fair Value Measurement | 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	891,098	885,840
Mortgage servicing rights	241	265
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 | Fair Value Measurements, Nonrecurring
FINANCIAL ASSETS: (Fair Value)
Cash and due from banks	14,292	9,462
Interest-bearing deposits in other banks	1,979	7,551
Restricted investment in bank stocks	11,493	10,885
Net loans	914,807	904,153
Mortgage servicing rights	241	265
Accrued interest receivable	5,328	5,201
FINANCIAL LIABILITIES: (Fair Value)
Demand, savings and other deposits	671,430	686,321
Time deposits	312,779	294,118
Short-term borrowings	175,311	153,468
Long-term borrowings	122,000	122,000
Subordinated debentures	25,000	25,000
Accrued interest payable	3,698	2,823
Derivative Liabilities	$ 741	$ 4,501

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
REVENUE RECOGNITION
Fair value of trust assets	$ 115,340,000	$ 109,064,000

(LOSSES) EARNINGS PER SHARE (De

(LOSSES) EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
(LOSSES) EARNINGS PER SHARE
Potential common shares outstanding			0	0
Net (loss) income	$ 1,380	$ 1,139	$ (16,997)	$ 2,496
Weighted-average common shares outstanding, basic	6,154	6,040	6,138	6,030
Weighted-average common shares outstanding, diluted	6,154	6,040	6,138	6,030
Basic (losses) earnings per share	$ 0.23	$ 0.19	$ (2.77)	$ 0.41
Diluted (losses) earnings per share	$ 0.23	$ 0.19	$ (2.77)	$ 0.41

GOODWILL (Details)

GOODWILL (Details) - USD ($)		6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
GOODWILL
Goodwill		$ 0		$ 19,133,000
Goodwill impairment	$ 19,133,000	$ 19,133,000	$ 0