F & M Bank (FMBM) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 09, 2023
Cover [Abstract]
Entity Registrant Name	F&M BANK CORP.
Entity Central Index Key	0000740806
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2023
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Entity Common Stock Shares Outstanding		3,479,804
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	000-13273
Entity Incorporation State Country Code	VA
Entity Tax Identification Number	54-1280811
Entity Address Address Line 1	P. O. Box 1111
Entity Address City Or Town	Timberville
Entity Address State Or Province	VA
Entity Address Postal Zip Code	22853
City Area Code	540
Local Phone Number	896-8941
Security 12b Title	Common Stock, par value ‑ $5 per share
Entity Interactive Data Current	Yes

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 16,992	$ 17,926
Money market funds and interest-bearing deposits in other banks	119	687
Federal funds sold	19,394	16,340
Cash and cash equivalents	36,505	34,953
Securities:
Held to maturity, at amortized cost - fair value of $115 and $112 in 2023 and 2022, respectively	125	125
Less: allowance for credit losses	0	0
Held to maturity, net	125	125
Available for sale, at fair value	384,651	392,095
Other investments	10,092	11,317
Loans held for sale, at fair value	881	1,373
Loans held for investment, net of deferred fees and costs	776,260	743,604
Less: allowance for credit losses	(8,769)	(7,936)
Net loans held for investment	767,491	735,668
Bank premises and equipment, net	24,132	19,587
Interest receivable	4,280	3,995
Goodwill	3,082	3,082
Bank owned life insurance	22,538	23,554
Other assets	24,593	20,153
Total Assets	1,278,370	1,245,902
Deposits:
Noninterest bearing	277,578	293,596
Interest bearing	859,534	789,781
Total deposits	1,137,112	1,083,377
Short-term debt	47,000	70,000
Long-term debt	6,911	6,890
Other liabilities	15,153	14,843
Total liabilities	1,206,176	1,175,110
Shareholders' Equity
Common stock, $5 par value, 6,000,000 shares authorized, 200,000 designated, 3,479,575 and 3,456,237 shares issued and outstanding (33,886 and 26,456 unvested restricted shares)	17,228	17,149
Additional paid in capital	10,822	10,577
Retained earnings	81,369	83,078
Accumulated other comprehensive loss	(37,225)	(40,012)
Total shareholders' equity	72,194	70,792
Total liabilities and shareholders' equity	$ 1,278,370	$ 1,245,902

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Consolidated Balance Sheets
Fair value	$ 115	$ 112
Stockholders' Equity
Common stock, shares par value	$ 5	$ 5
Common stock, shares designated	200,000	200,000
Common stock, shares authorized	6,000,000	6,000,000
Common stock, shares issued	3,479,575	3,456,237
Common stock, shares outstanding	3,479,575	3,456,237
Common stock, unvested restricted shares	33,886	26,456

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest and Dividend income
Interest and fees on loans held for investment	$ 11,517	$ 7,993	$ 22,371	$ 15,503
Interest and fees on loans held for sale	25	32	47	61
Interest from money market funds and federal funds sold	66	14	150	39
Interest on debt securities	2,016	1,970	4,029	3,467
Total interest and dividend income	13,624	10,009	26,597	19,070
Interest expense
Total interest on deposits	5,216	837	9,258	1,682
Interest from short-term debt	523	46	1,515	46
Interest from long-term debt	116	124	228	283
Total interest expense	5,855	1,007	11,001	2,011
Net interest income	7,769	9,002	15,596	17,059
Provision for Credit Losses	539	600	539	150
Net Interest Income After Provision for Credit Losses	7,230	8,402	15,057	16,909
Noninterest income
Service charges on deposit accounts	274	274	499	581
Investment services and insurance income	355
Investment services and insurance income, net		453	862	704
Mortgage banking income	543	1,239	1,083	1,981
Title insurance income	377	366	625	839
Income on bank owned life insurance	622	173	801	344
Low income housing partnership losses	(206)	(204)	(411)	(408)
ATM and check card fees	672	632	1,299	1,195
Net investment security losses	0	(97)	0	(97)
Other operating income	115	241	360	421
Total noninterest income	2,752	3,077	5,118	5,560
Noninterest expense
Salaries	5,019	4,719	9,361	8,356
Employee benefits	1,094	1,240	2,137	2,528
Occupancy expense	317	346	652	686
Equipment expense	456	329	781	624
FDIC insurance assessment	175	165	320	281
Advertising expense	276	228	494	406
Legal and professional fees	538	328	909	651
ATM and check card fees	276	335	595	633
Telecommunication and data processing expense	479	685	1,186	1,586
Directors fees	128	129	285	293
Bank franchise tax	152	158	320	332
Other operating expenses	1,262	897	2,321	1,733
Total noninterest expense	10,172	9,559	19,361	18,109
Income before income taxes	(190)	1,920	814	4,360
Income tax (benefit) expense	(431)	131	(482)	43
Net Income	$ 241	$ 1,789	$ 1,296	$ 4,317
Per Common Share Data
Net income-basic	$ 0.07	$ 0.5	$ 0.37	$ 1.25
Cash dividends on common stock	$ 0.26	$ 0.26	$ 0.52	$ 0.52
Weighted average common shares outstanding	3,478,304	3,452,711	3,470,501	3,443,850

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Consolidated Statements of Comprehensive Income (Loss)
Net Income	$ 241	$ 1,789	$ 1,296	$ 4,317
Other comprehensive income (loss):
Unrealized holding gains (losses) on available-for sale securities	90	(21,678)	3,529	(39,727)
Tax effect	19	4,552	742	8,342
Unrealized holding gains (losses), net of tax	71	(17,126)	2,787	(31,385)
Less: Reclassifications adjustment for losses included in net income	0	97	0	97
Tax effect	0	20	0	20
Realized losses on sale of available-for sale securities, net	0	77	0	77
Total other comprehensive income (loss)	71	(17,049)	2,787	(31,308)
Total comprehensive income (loss)	$ 312	$ (15,260)	$ 4,083	$ (26,991)

Condensed Consolidated Statemen

Condensed Consolidated Statements of Changes in Stockholders Equity - USD ($) $ in Thousands	Total	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Common Stock
Balance, amount at Dec. 31, 2021	$ 100,456	$ 10,127	$ 78,350	$ (5,092)	$ 17,071
Net Income	4,317	0	4,317	0	0
Other comprehensive (loss)	(31,308)	0	0	(31,308)	0
Dividends on common stock ($.52 per share)	1,789	0	1,789	0	0
Common stock issued	144	120	0	0	24
Vesting of time based stock awards issued at date of grant, net of shares withheld for payroll taxes	56	30	0	0	26
Stock-based compensation expense	74	74	0	0	0
Balance, amount at Jun. 30, 2022	71,950	10,351	80,878	(36,400)	17,121
Balance, amount at Mar. 31, 2022	87,985	10,240	79,986	(19,351)	17,110
Net Income	1,789	0	1,789	0	0
Other comprehensive (loss)	(17,049)	0	0	(17,049)	0
Dividends on common stock ($.52 per share)	897	0	897	0	0
Common stock issued	64	53	0	0	11
Stock-based compensation expense	58	58	0	0	0
Balance, amount at Jun. 30, 2022	71,950	10,351	80,878	(36,400)	17,121
Balance, amount at Dec. 31, 2022	70,792	10,577	83,078	(40,012)	17,149
Net Income	1,296	0	1,296	0	0
Other comprehensive (loss)	2,787	0	0	2,787	0
Dividends on common stock ($.52 per share)	1,802	0	1,802	0	0
Common stock issued	163	124	0	0	39
Vesting of time based stock awards issued at date of grant, net of shares withheld for payroll taxes	28	(12)	0	0	40
Stock-based compensation expense	133	133	0	0	0
Cumulative effect adjustment due to the adoption of ASC 326, net of tax	(1,203)	0	(1,203)	0	0
Balance, amount at Jun. 30, 2023	72,194	10,822	81,369	(37,225)	17,228
Balance, amount at Mar. 31, 2023	72,635	10,693	82,031	(37,296)	17,207
Net Income	241	0	241	0	0
Other comprehensive (loss)	71	0	0	71	0
Dividends on common stock ($.52 per share)	903	0	903	0	0
Common stock issued	82	61	0	0	21
Stock-based compensation expense	68	68	0	0	0
Balance, amount at Jun. 30, 2023	$ 72,194	$ 10,822	$ 81,369	$ (37,225)	$ 17,228

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 1,296	$ 4,317
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	665	562
Amortization of intangibles	15	19
Amortization of securities	7,148	13,690
Proceeds from loans held for sale	63,681	76,909
Loans held for sale originated	(61,971)	(76,266)
Gain on sale of loans held for sale	(1,218)	(1,205)
Provision for credit losses	539	150
Decrease in interest receivable	(285)	(450)
Decrease (increase) in deferred taxes	2	(253)
Decrease in taxes payable	(824)	0
Decrease (increase) in other assets	(3,964)	42
(Decrease) increase in accrued expenses	(411)	1,059
Amortization of limited partnership investments	411	408
Amortization of debt issuance costs	21	16
Income from life insurance investment	(438)	(345)
(Gain) on life insurance investment	(363)	0
Loss on the sale of investment securities	0	97
(Gain) on the sale of fixed assets	(36)	(10)
Stock-based compensation expense	133	74
Net cash provided by operating activities	4,401	18,814
Cash flows from investing activities
Purchase of investments available for sale and other investments	0	(108,057)
Proceeds from maturity of investments available for sale	3,825	3,000
Proceeds from the sale of investments available for sale	0	8,699
Proceeds from (investment in) the redemption of restricted stock, net	964	(886)
Investment in limited partnership	(150)	0
Net (increase) in loans held for investment	(33,167)	(28,373)
Proceeds from life insurance investment	1,729	0
Proceeds from the sale of fixed assets	93	27
Net purchase of property and equipment	(5,267)	(2,417)
Net cash (used in) investing activities	(31,973)	(128,007)
Cash flows from financing activities
Net change in deposits	53,735	19,915
Net change in short-term debt	(23,000)	30,000
Dividends paid in cash	(1,802)	(1,789)
Proceeds from issuance of common stock	191	200
Repayments of long-term debt	0	(10,000)
Net cash provided by financing activities	29,124	38,326
Net increase (decrease) in Cash and Cash Equivalents	1,552	(70,867)
Cash and cash equivalents, beginning of period	34,953	88,121
Cash and cash equivalents, end of period	36,505	17,254
Supplemental Cash Flow information:
Cash paid for: Interest	10,523	2,162
Taxes	360	0
Supplemental non-cash disclosures:
Change in unrealized loss on securities available for sale	3,529	(39,630)
Cumulative effect of the adoption of ASC 326	1,524	0
Transfer from loans to other real estate owned	$ 0	$ 197

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 1. Summary of Significant Accounting Policies Principles of Consolidation The Consolidated Financial Statements include the accounts of F&M Bank Corp. (the “Company”), Farmers & Merchants Bank (the “Bank”), TEB Life Insurance Company (“TEB”), Farmers & Merchants Financial Services, Inc. (“FMFS”), VBS Mortgage, LLC (dba “F&M Mortgage”), and VSTitle, LLC (“VST”), with all significant intercompany accounts and transactions eliminated. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to accepted practices within the banking industry. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The material estimate that is particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses. Reclassification Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income. Nature of Operations The Company, through its subsidiary Farmers & Merchants Bank, operates under a charter issued by the Commonwealth of Virginia and provides commercial banking services. As a state chartered bank, the Bank is subject to regulation by the Virginia Bureau of Financial Institutions and the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Bank provides services to customers primarily in the counties of Rockingham, Shenandoah, Augusta, and Frederick, and the cities of Harrisonburg, Staunton, Waynesboro and Winchester in Virginia. Services are provided at thirteen branch offices and a Dealer Finance Division. The Company offers insurance, mortgage lending, title insurance and financial services through its subsidiaries, TEB Life Insurance Company, Farmers & Merchants Financial Services, Inc., F&M Mortgage, and VSTitle, LLC. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold, and interest-bearing deposits. Generally, federal funds are purchased and sold on an overnight basis. Accounting Standards Adopted in 2023 On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments “ASC 326”. This standard replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities, and some off-balance sheet credit exposures such as unfunded commitments to extend credit. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. In addition, CECL made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities if management does not intend to sell and does not believe that it is more likely than not, they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. The transition adjustment of the adoption of CECL included an increase in the allowance for credit losses on loans of $777 thousand, which is presented as a reduction to net loans outstanding, and an increase in the allowance for credit losses on unfunded loan commitments of $747 thousand, which is recorded within Other Liabilities. The Company recorded a net decrease to retained earnings of $1.2 million as of January 1, 2023 for the cumulative effect of adopting CECL, which reflects the transition adjustments noted above, net of the applicable deferred tax assets recorded. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with previously applicable accounting standards (“Incurred Loss”). The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. Therefore, upon adoption of ASC 326, the Company determined there was no allowance for credit losses on available for sale securities. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest. Allowance for Credit Losses – Held to Maturity Securities Management measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type. Accrued interest receivable on held-to-maturity debt securities was immaterial at June 30, 2023 and was excluded from the estimate of credit losses. The state and local governments securities held by the Company are highly rated by major rating agencies. As a result, no allowance for credit losses was recorded on held to maturity at June 30, 2023. Allowance for Credit Losses – Available for Sale Securities For available for sale securities, management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income. Changes in the allowance for credit loss are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance for credit loss when management believes an available for sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. At June 30, 2023, there was no allowance for credit loss related to the available for sale portfolio. Accrued interest receivable on available for sale debt securities totaled $1.5 million at June 30, 2023 and was excluded from the estimate of credit losses. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of discounts and deferred fees and costs. Accrued interest receivable related to loans totaled $2.8 million at June 30, 2023 and was reported in accrued interest receivable on the consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured. Allowance for Credit Losses – Loans The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Accrued interest receivable is excluded from the estimate of credit losses. The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. The allowance for credit losses is estimated by management using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company utilizes a Qualitative Scorecard (“scorecard”) to adjust the historical loss information, as necessary, to reflect the Company’s expectations about the future. For each segment, the scorecard calculates the difference between the quantitative expected credit loss and the high watermark average remaining maturity loss rates. This difference is the maximum qualitative adjustment that can be applied to that segment. Due to the low number of losses in the Bank’s portfolio, in particular during the great financial crisis from 2008-2012, a number of pool sets will leverage peer data to calculate the overall loss rate. The Company believes that in order to provide a reasonable and supportable loss rate, data representative of losses during a financial downturn will provide a better representation of the perceived risk in the portfolio. In determining how to apply the weightings for the various qualitative factors, management assessed which factors would have the highest impact on potential loan losses. The economy and problem loan trends were determined to have the most significant effect on the estimated losses. The most influential factor on potential loan losses are economic conditions, with a weighting of 20%-25%. The Company will evaluate the weighting applied to each pool on an annual basis. The Company measures expected credit losses for loans on a pooled basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a remaining life methodology: 1-4 family residential construction. Other construction, land development and land. Secured by farmland. Home equity - open end. Real estate. Home equity - closed end. Multifamily. Owner-occupied commercial real estate. Other commercial real estate. Agriculture loans. Commercial and industrial. Credit cards. Automobile loans. Other consumer loans. Municipal loans. Additionally, the allowance for credit losses calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth, industry concentrations, trends in underlying collateral, external factors and economic conditions not already captured. Loans that do not share risk characteristics are evaluated on an individual basis. When management determines that foreclosure is probable and the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date adjusted for selling costs as appropriate. Allowance for Credit Losses – Unfunded Commitments Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for credit losses in the Company’s income statements. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur as well as any third-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets. Earnings per Share Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements if those securities trade in a public market. Basic EPS is computed by dividing net income available to common sthareholders by the weighted average number of common shares outstanding. Nonvested restricted shares are included in the computation of basic earnings per share as the holder is entitled to full shareholder benefits during the vesting period, including voting rights and sharing in nonforfeitable dividends. Recent Accounting Pronouncements Accounting Standards adopted in 2023: In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. ASU 2016-13 was effective for the Company on January 1, 2023. The adjustment recorded at adoption to the overall allowance for credit losses, which consisted of adjustments to the allowance for credit losses on loans, as well as an adjustment to the Company’s reserve for unfunded loan commitments, was $1.5 million. The adjustment net of tax recorded to shareholders’ equity totaled $1.2 million. See Note 1 for additional details of adoption of this standard. In March 2022, the FASB issued Accounting Standards Update ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the CECL model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of TDRs, an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. ASU 2022-02 was effective for the Company on January 1, 2023. The adoption of ASU 2022-02 did not have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-01, “Derivatives and Hedging (Topic 815), Fair Value Hedging—Portfolio Layer Method.” ASU 2022-01 clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and is intended to better align hedge accounting with an organization’s risk management strategies. In 2017, FASB issued ASU 2017-12 to better align the economic results of risk management activities with hedge accounting. One of the major provisions of that standard was the addition of the last-of-layer hedging method. For a closed portfolio of fixed-rate prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable financial instruments, such as mortgages or mortgage-backed securities, the last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. ASU 2022-01 renames that method the portfolio layer method. For public business entities, ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The adoption of ASU 2022-01 did not have a material impact on the Company’s consolidated financial statements. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. The ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2022. Entities should apply the amendments prospectively and early adoption is permitted. The adoption of ASU 2021-08 did not have a material impact on the Company’s consolidated financial statements. Accounting Standards Pending Adoption: In July 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718)”. This ASU amends the FASB Accounting Standards Codification for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements. In March 2023, the FASB issued ASU No. 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. The ASU is effective for public business entities for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for all entities in any interim period. The Company does not expect the adoption of ASU 2023-02 to have a material impact on its consolidated financial statements. In March 2023, the FASB issued ASU No. 2023-01, “Leases (Topic 842): Common Control Arrangements”. These amendments require entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period. Transition can be done either retrospectively or prospectively. The Company does not expect the adoption of ASU 2023-01 to have a material impact on its consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848”. ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the LIBOR would cease being published. In 2021, the UK Financial Conduct Authority delayed the intended cessation date of certain tenors of U.S. dollar LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company transitioned all loan agreements, other than SWAP loans, away from LIBOR during 2022. The SWAP loans have amended Rate Protection Agreements executed by the borrower in preparation of transition away from LIBOR by the swap holder. In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU No. 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU No. 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU No. 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company transitioned all loan agreements, other than SWAP loans, away from LIBOR during 2022. The SWAP loans have amended Rate Protection Agreements executed by the borrower in preparation of transition away from LIBOR by the swap holder. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material effect on the Company’s financial position, result of operations or cash flows.

Investment Securities

Investment Securities	6 Months Ended
	Jun. 30, 2023
Investment Securities
Investment Securities	Note 2. Investment Securities The amortized cost and estimated fair value of securities held to maturity along with gross unrealized gains and losses are summarized as follows (dollars in thousands): Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2023 U. S. Treasury $ 125 $ - $ 10 $ 115 December 31, 2022 U. S. Treasury $ 125 $ - $ 13 $ 112 There is no allowance for credit losses on held to maturity securities. At June 30, 2023, the Company had no securities held to maturity that were past due 30 days or more as to principal or interest payments. The Company had no securities held to maturity classified as nonaccrual for the quarter ended June 30, 2023. The amortized cost and estimated fair value of securities available for sale along with gross unrealized gains and losses are summarized as follows (dollars in thousands): Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2023 U.S. Treasury $ 39,913 $ 1 $ 2,861 $ 37,053 U.S. Agency 143,480 1 11,899 131,582 Municipal bonds 42,423 72 3,509 38,986 Mortgage-backed securities 175,961 187 25,209 150,939 Corporate 30,550 - 4,459 26,091 Total Securities Available for Sale $ 432,327 $ 261 $ 47,937 $ 384,651 Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2022 U.S. Treasury $ 39,902 $ - $ 3,259 $ 36,643 U.S. Agency 143,473 - 13,725 129,748 Municipal bonds 46,331 27 4,160 42,198 Mortgage-backed securities 183,044 77 26,246 156,875 Corporate 30,550 - 3,919 26,631 Total Securities Available for Sale $ 443,300 $ 104 $ 51,309 $ 392,095 There was no allowance for credit losses on available for sale securities. The amortized cost and fair value of securities at June 30, 2023, by contractual maturity are shown below (dollars in thousands). 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. Securities Held to Maturity Securities Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 125 $ 115 $ 25,998 $ 25,322 Due after one year through five years - - 181,873 167,303 Due after five years - - 77,994 67,145 Due after ten years - - 146,462 124,881 Total $ 125 $ 115 $ 432,327 $ 384,651 The following table presents the gross realized gains and losses on and the proceeds from the sale of securities during the three and six months ended June 30, 2023 and 2022 (dollars in thousands): Three Months Ended June 30, 2023 Six Month Ended June 30, 2023 Realized gains (losses): Gross realized gains $ - $ - Gross realized losses - - Net realized (losses) $ - $ - Proceeds from sales of securities $ - $ - Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Realized gains (losses): Gross realized gains $ - $ - Gross realized (losses) (97 ) (97 ) Net realized (losses) $ (97 ) $ (97 ) Proceeds from sales of securities $ 8,699 $ 8,699 The following table shows the gross unrealized losses and estimated fair value of available for sale securities for which an allowance for credit losses has not been recorded, aggregated by category and length of time that securities have been in a continuous unrealized loss position at June 30, 2023 (dollars in thousands): Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2023 U.S. Treasury $ - $ - $ 37,053 $ 2,861 $ 37,053 $ 2,861 U.S. Agency - - 131,582 11,899 131,582 11,899 Municipal bonds - - 33,382 3,509 33,382 3,509 Mortgage-backed securities 1,470 7 145,533 25,202 147,003 25,209 Corporate 5,802 898 20,289 3,561 26,091 4,459 Total $ 7,272 $ 905 $ 367,839 $ 47,032 $ 375,111 $ 47,937 Unrealized losses at June 30, 2023 were generally attributable to changes in market interest rates and interest spread relationships since the investment securities were originally purchased, and not due to the credit quality concerns on the investment securities. Issuers continue to make timely principal and interest payments and the Company currently has no plans to sell the investments and it is more likely than not that the Company will not have to sell the securities before recovery of its amortized cost basis, which may be at maturity. The following table shows the gross unrealized losses and estimated fair value of available sale securities and held to maturity securities aggregated by category and length of time that securities have been in a continuous unrealized loss position at December 31, 2022 (dollars in thousands): Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. Treasury $ 9,657 $ 362 $ 26,987 $ 2,897 $ 36,644 $ 3,259 U.S. Agency 13,914 1,083 115,835 12,642 129,749 13,725 Municipal bonds 21,805 1,426 18,710 2,734 40,515 4,160 Mortgage-backed securities 32,823 2,429 119,892 23,817 152,715 26,246 Corporate 16,252 2,198 10,379 1,721 26,631 3,919 Total $ 94,451 $ 7,498 $ 291,803 $ 43,811 $ 386,254 $ 51,309 As of June 30, 2023, other investments consist of investments in twelve low-income housing and historic equity partnerships (carrying basis of $5.5 million), stock in the Federal Home Loan Bank of Atlanta (“FHLB’) (carrying basis $2.64 million) and various other investments (carrying basis $1.95 million). The interests in low-income housing and historic equity partnerships have limited transferability and the interests in the other stocks are restricted as to sales. The fair values of these securities are estimated to approximate their carrying value as of June 30, 2023. At June 30, 2023, the Company was committed to invest an additional $657 thousand in three low-income housing limited partnerships. These funds will be paid as requested by the general partner to complete the projects. This additional investment has been reflected in the above carrying basis and in other liabilities on the consolidated balance sheet. The Company has pledged securities with a par value of $225.4 million and market value of $197.4 million to the Federal Reserve Discount Window Bank Term Funding Program (“BTFP”). The BTFP was established in March 2023 to offer loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions pledging U.S. Treasuries, agency debt and mortgage-backed securities, and other qualifying assets as collateral. These assets will be valued at par. The BTFP was created to support American businesses and households by making additional funding available to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors. The Bank has not borrowed from the BTFP during 2023.

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2023
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 3. Loans and Allowance for Credit Losses Under adoption of ASC 326, there were changes to certain loan segments to better differentiate credit characteristics and align with our ACL model. Construction/land development was split into two segments: 1-4 family residential construction and other construction, land development and land. Commercial real estate was also split into two segments: owner-occupied commercial real estate and other commercial real estate. Commercial and industrial – non-real estate was divided into agricultural loans, commercial and industrial loans, and municipal loans. Dealer finance was consolidated with other automobile loans. The following is a summary of the major categories of total loans outstanding at June 30, 2023 and December 31, 2022 (dollars in thousands): June 30, 2023 1-4 Family residential construction $ 32,280 Other construction, land development and land 43,427 Secured by farmland 75,119 Home equity – open end 46,380 Real estate 169,955 Home Equity – closed end 5,305 Multifamily 7,963 Owner-occupied commercial real estate 91,387 Other commercial real estate 102,707 Agricultural loans 11,947 Commercial and industrial 44,802 Credit Cards 3,209 Automobile loans 120,871 Other consumer loans 15,488 Municipal loans 6,027 Gross loans 776,867 Unamortized net deferred loan fees (607 ) Less allowance for credit losses 8,769 Net loans $ 767,491 December 31, 2022 Construction/Land Development $ 68,671 Farmland 74,322 Real Estate 153,281 Multi-Family 9,622 Commercial Real Estate 195,163 Home Equity – closed end 4,707 Home Equity – open end 46,928 Commercial & Industrial – Non-Real Estate 56,625 Consumer 6,488 Dealer Finance 125,125 Credit Cards 3,242 Gross loans 744,174 Unamortized net deferred loan fees (570 ) Less allowance for credit losses 7,936 Net loans $ 735,668 The Company has pledged loans held for investment as collateral for borrowings with the FHLB totaling $247.1 million and $209.8 million as of June 30, 2023 and December 31, 2022, respectively. The Company maintains a blanket lien on certain loans in its residential real estate, commercial, agricultural farmland, and home equity portfolios. Nonaccrual and Past Due Loans The following table shows the aging of the Company’s loan portfolio, by class, at June 30, 2023 (dollars in thousands): Accruing Loans 30-59 Days Past due Accruing Loans 60-89 Days Past due Accruing Loans 90 Days or More Past due Nonaccrual Loans Accruing Current Loans Total Loans June 30, 2023 1-4 Family residential construction $ 440 $ - $ - $ - $ 31,840 $ 32,280 Other construction, land development and land 164 520 - 30 42,713 43,427 Secured by farmland - - - 986 74,133 75,119 Home equity – open end 240 - - 228 45,912 46,380 Real estate 999 246 - 340 168,370 169,955 Home Equity – closed end - - - - 5,305 5,305 Multifamily - - - - 7,963 7,963 Owner-occupied commercial real estate - - - - 91,387 91,387 Other commercial real estate 923 65 - - 101,719 102,707 Agricultural loans - - - 88 11,859 11,947 Commercial and industrial 116 - 27 90 44,569 44,802 Credit Cards 18 9 2 - 3,180 3,209 Automobile loans 647 300 - 200 119,724 120,871 Other consumer loans 108 3 - 6 15,371 15,488 Municipal loans - - - - 6,027 6,027 Gross loans 3,655 1,143 29 1,968 770,072 776,867 Less: Unamortized net deferred loan fees - - - - (607 ) (607 ) Loans held for investment $ 3,655 $ 1,143 $ 29 $ 1,968 $ 769,465 $ 776,260 The following table shows the aging of the Company’s loan portfolio, by class, at December 31, 2022 (dollars in thousands): Accruing Loans 30-59 Days Past due Accruing Loans 60-89 Days Past due Accruing Loans 90 Days or More Past Due Nonaccrual Loans Accruing Current Loans Total Loans December 31, 2022 Construction/Land Development $ 477 $ 539 $ - $ 21 $ 67,634 $ 68,671 Farmland 85 18 - 1,458 72,761 74,322 Real Estate 1,807 226 - 419 150,829 153,281 Multi-Family - - - - 9,622 9,622 Commercial Real Estate 234 82 - - 194,847 195,163 Home Equity – closed end 3 - - - 4,704 4,707 Home Equity – open end 385 177 - - 46,366 46,928 Commercial & Industrial – Non- Real Estate 104 - 31 101 56,389 56,625 Consumer 11 11 - 15 6,451 6,488 Dealer Finance 1,117 225 5 210 123,568 125,125 Credit Cards 51 9 2 - 3,180 3,242 Less: Unamortized net deferred loan fees - - - - (570 ) (570 ) Loans held for investment $ 4,274 $ 1,287 $ 38 $ 2,224 $ 735,781 $ 743,604 There were $2.0 million and $2.2 million in nonaccrual loans at June 30, 2023 and December 31, 2022, respectively. The Company would have earned $66 thousand in the first six months of 2023 and $54 thousand in the first six months of 2022, if interest on the nonaccrual loans had been accrued. The following table is a summary of the Company’s nonaccrual loans by major categories for the periods indicated (dollars in thousands). CECL Incurred Loss June 30, 2023 December 31, 2022 Nonaccrual loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans 1-4 Family residential construction $ - $ - $ - $ - Other construction, land development and land 30 - 30 21 Secured by farmland 986 - 986 1,458 Home equity – open end 228 - 228 - Real estate 340 - 340 419 Home Equity – closed end - - - - Multifamily - - - - Owner-occupied commercial real estate - - - - Other commercial real estate - - - - Agricultural loans 88 - 88 88 Commercial and industrial 90 - 90 13 Credit Cards - - - - Automobile loans 200 - 200 210 Other consumer loans 6 - 6 15 Municipal loans - - - - Total loans $ 1,968 $ - $ 1,968 $ 2,224 The following table represents the accrued interest receivables written off by reversing interest income during the three and six months ended June 30, 2023 (dollars in thousands): For the Three Months Ended June 30, 2023 For the Six Months Ended June 30, 2023 1-4 Family residential construction $ - $ - Other construction, land development and land - - Secured by farmland - - Home equity – open end 1 1 Real estate - - Home Equity – closed end - - Multifamily - - Owner-occupied commercial real estate - - Other commercial real estate - - Agricultural loans - - Commercial and industrial - - Credit Cards - - Automobile loans 1 3 Other consumer loans - - Municipal loans - - Total loans $ 2 $ 4 Credit Quality Indicators The following table presents the Company’s recorded investment in loans by credit quality indicators by year of origination as of June 30, 2023 (dollars in thousands): Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total 1-4 Family residential construction Pass $ - $ - $ - $ - $ - $ - $ 30,695 $ 30,695 Watch 642 - - - - - 503 1,145 Substandard - - - - - - 440 440 Total 1-4 Family residential construction 642 - - - - - 31,638 32,280 Current period gross write-offs - 70 - - - - - 70 Other construction, land development and land Pass 4,159 4,667 5,997 1,889 2,931 5,186 17,562 42,391 Watch - - - - - 265 221 486 Substandard - 520 - - - 30 - 550 Total Other construction, land development and land 4,159 5,187 5,997 1,889 2,931 5,481 17,783 43,427 Current period gross write-offs - - - - - - - - Secured by farmland Pass 2,055 13,699 14,321 27,916 2,556 6,739 5,133 72,419 Watch - - - - 799 915 - 1,714 Substandard - - 318 - - 652 16 986 Total Secured by farmland 2,055 13,699 14,639 27,916 3,355 8,306 5,149 75,119 Current period gross write-offs - - - - - - - - Home equity – open end Pass 370 - - - - 143 44,245 44,758 Watch - - - - - - 1,345 1,345 Substandard - - - - - - 277 277 Total Home equity - open end 370 - - - - 143 45,867 46,380 Current period gross write-offs - - - - - - - - Real estate Pass 24,258 42,310 15,661 12,410 6,793 58,008 - 159,440 Watch - - - 505 156 5,892 - 6,553 Substandard - - 545 - 1,226 2,191 - 3,962 Total Real estate 24,258 42,310 16,206 12,915 8,175 66,091 - 169,955 Current period gross write-offs - - - - - 19 - 19 Home Equity – closed end Pass 1,080 400 123 1,086 481 1,748 - 4,918 Watch - - - - - 374 - 374 Substandard - - - - 13 - - 13 Total Home Equity - closed end 1,080 400 123 1,086 494 2,122 - 5,305 Current period gross write-offs - - - - - - - - Multifamily Pass - 2,749 1,431 926 - 1,616 1,137 7,859 Watch - - - - - 104 - 104 Substandard - - - - - - - - Total Multifamily - 2,749 1,431 926 - 1,720 1,137 7,963 Current period gross write-offs - - - - - - - - Owner-occupied commercial real estate Pass 1,413 18,493 18,655 7,307 3,685 24,061 4,748 78,362 Watch - - - - 41 2,121 - 2,162 Substandard - - - - 6,361 1,204 3,298 10,863 Total Owner-occupied commercial real estate 1,413 18,493 18,655 7,307 10,087 27,386 8,046 91,387 Current period gross write-offs - - - - - - - - Other commercial real estate Pass 2,930 30,265 13,034 5,127 3,875 32,581 2,924 90,736 Watch - - - - - 11,884 - 11,884 Substandard - - - - - 87 - 87 Total Other commercial real estate 2,930 30,265 13,034 5,127 3,875 44,552 2,924 102,707 Current period gross write-offs - - - - - - - - Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Agricultural loans Pass 2,036 2,865 661 481 4 57 5,568 11,672 Watch - - - 38 - - 149 187 Substandard - 63 14 11 - - - 88 Total Agricultural loans 2,036 2,928 675 530 4 57 5,717 11,947 Current period gross write-offs - - - - - - - - Commercial and industrial Pass 3,493 9,454 6,193 2,153 963 492 18,845 41,593 Watch - - 62 - - - 2,471 2,533 Substandard - - 646 27 - 3 - 676 Total 1-4 Commercial and industrial 3,493 9,454 6,901 2,180 963 495 21,316 44,802 Current period gross write-offs - - - - - 2 - 2 Credit Cards Pass - - - - - - 3,207 3,207 Watch - - - - - - - - Substandard - - - - - - 2 2 Total Credit cards - - - - - - 3,209 3,209 Current period gross write-offs - - - - - - 18 18 Automobile loans Pass 34,245 46,209 24,450 10,283 3,447 1,495 - 120,129 Watch 31 205 80 80 47 62 - 505 Substandard - 86 105 30 5 11 - 237 Total Automobile loans 34,276 46,500 24,635 10,393 3,499 1,568 - 120,871 Current period gross write-offs 35 300 88 88 29 18 - 821 Other consumer loans Pass 3,830 6,466 2,991 1,286 439 59 386 15,457 Watch - 5 9 - 5 5 1 25 Substandard - 6 - - - - - 6 Total Other consumer loans 3,830 6,477 3,000 1,286 444 64 387 15,488 Current period gross write-offs - 16 1 1 3 2 - 23 Municipal loans Pass - 175 1,024 1,128 1,257 2,443 - 6,027 Watch - - - - - - - - Substandard - - - - - - - - Total Municipal loans - 175 1,024 1,128 1,257 2,443 - 6,027 Current period gross write-offs - - - - - - - - Total loans 80,542 178,637 106,320 72,683 35,084 160,428 143,173 776,867 Less: Unamortized net deferred loan fees (607 ) Loans held for investment 776,260 Current period gross write-offs 35 386 352 89 32 41 18 953 Under the adoption of ASC 326, the Company consolidated their internal risk ratings 1 through 5 into a pass category. Doubtful loans are charged off; dealer finance loans utilize the updated credit quality indicators. Credit cards are classified as pass or substandard. The credit quality indicators for watch and substandard remain unchanged. Description of the Company’s credit quality indicators under CECL: Pass: Grade 6 – Watch Grade 7 – Substandard Credit cards are classified as pass or substandard. A credit card is substandard when payments of principal and interest are past due 90 days or more. The following table shows the Company’s loan portfolio broken down by internal loan grade as of December 31, 2022 (dollars in thousands): December 31, 2022 Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 4 $ 11,112 $ 42,684 $ 13,116 $ 1,213 $ 542 $ - $ 68,671 Farmland 155 269 11,373 38,051 22,069 947 1,458 - 74,322 Real Estate - 553 27,003 86,269 28,560 6,950 3,946 - 153,281 Multi-Family - - 963 5,116 3,430 113 - - 9,622 Commercial Real Estate - 3,097 55,662 72,779 41,749 13,878 7,998 - 195,163 Home Equity – closed end - 48 1,065 2,560 639 382 13 - 4,707 Home Equity – open end 27 1,272 18,671 23,207 2,091 1,611 49 - 46,928 Commercial & Industrial - Non-Real Estate 10 516 12,934 26,310 15,613 911 331 - 56,625 Consumer (excluding dealer) 33 286 2,965 3,105 68 16 15 - 6,488 Gross loans $ 225 $ 6,045 $ 141,748 $ 300,081 $ 127,335 $ 26,021 $ 14,352 $ - $ 615,807 Less: Unamortized net deferred loan fees (570 ) Total $ 615,237 Credit Cards Dealer Finance Performing $ 3,240 $ 124,910 Nonperforming 2 215 Total $ 3,242 $ 125,125 Description of internal loan grades under Incurred Loss: Grade 1 – Minimal Risk Grade 2 – Modest Risk Grade 3 – Average Risk Grade 4 – Acceptable Risk Grade 5 – Marginally acceptable s Grade 6 – Watch Grade 7 – Substandard Grade 8 – Doubtful Credit card and dealer finance loans are classified as performing or nonperforming. A loan is nonperforming when payments of principal and interest are past due 90 days or more. Collateral Dependent Disclosures The collateral method is applied to individually evaluated loans for which foreclosure is probable. The collateral method is also applied to individually evaluated loans when borrowers are experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. Collateral dependent loans are loans for which the repayment is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. These loans do not share common risk characteristics and are not included within the collectively evaluated loans for determining the allowance for credit losses. Under CECL, for collateral dependent loans, the Company has adopted the practical expedient to measure the allowance for credit losses based on the fair value of collateral. The allowance for credit losses is calculated on an individual loan basis based on the shortfall between the fair value of the loan's collateral, which is adjusted for liquidation costs/discounts, and amortized cost. If the fair value of the collateral exceeds the amortized cost, no allowance is required. The following table presents an analysis of collateral-dependent loans of the Company as of June 30, 2023 (dollars in thousands): June 30, 2023 Real Estate Business/Other Assets 1-4 Family residential construction $ - $ - Other construction, land development and land 520 - Secured by farmland - - Home equity – open end - - Real estate - - Home Equity – closed end - - Multifamily - - Owner-occupied commercial real estate - - Other commercial real estate - - Agricultural loans - - Commercial and industrial - - Credit Cards - - Automobile loans - - Other consumer loans - - Municipal loans - - Total loans $ 520 $ - Allowance for Credit Losses The ACL for loans and unfunded commitments is summarized in the following tables (dollars in thousands) summarizes the activity related to the allowance for credit losses for the six months ended June 30, 2023 under the CECL methodology. ACL for Loans December 31, 2022 Adjustment for adoption of ASU 2016-13 Charge-offs Recoveries Provision for loan & leases credit losses June 30, 2023 1-4 Family residential construction $ 324 $ 109 $ 70 $ 1 $ 121 $ 485 Other construction, land development and land 694 602 - - 78 1,374 Secured by farmland 571 311 - - 9 891 Home equity – open end 446 (189 ) - - - 257 Real estate 1,389 (184 ) 19 - 74 1,260 Home Equity – closed end 39 96 - - 22 157 Multifamily 71 182 - - (57 ) 196 Owner-occupied commercial real estate 992 280 - - (35 ) 1,237 Other commercial real estate 1,023 (582 ) - - (3 ) 438 Agricultural loans 80 (58 ) - - - 22 Commercial and industrial 368 338 2 1 37 742 Credit Cards 68 26 18 7 5 88 Automobile loans 1,790 (257 ) 821 406 337 1,455 Other consumer loans 81 103 23 27 (21 ) 167 Municipal loans - - - - - - Total loans $ 7,936 $ 777 $ 953 $ 442 $ 567 $ 8,769 Prior to the adoption of ASC 326 on January 1, 2023, the Company calculated the allowance for loan losses under the incurred loss methodology. The following tables are disclosures related to the allowance for loan losses in prior periods (dollars in thousands). June 30, 2022 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 977 $ - $ - $ (97 ) $ 880 $ - $ 880 Farmland 448 - - 71 519 - 519 Real Estate 1,162 17 - (14 ) 1,131 34 1,097 Multi-Family 29 - - 25 54 - 54 Commercial Real Estate 2,205 - - 98 2,303 446 1,857 Home Equity – closed end 41 - - (2 ) 39 - 39 Home Equity – open end 407 - 130 (162 ) 375 - 375 Commercial & Industrial – Non-Real Estate 288 36 32 100 384 - 384 Consumer 520 24 14 (148 ) 362 - 362 Dealer Finance 1,601 523 337 272 1,687 3 1,684 Credit Cards 70 21 8 7 64 - 64 Total $ 7,748 $ 621 $ 521 $ 150 $ 7,798 $ 483 $ 7,315 The following tables presents, as of June 30, 2023 and December 31, 2022 segregated by loan portfolio segment, details of the loan portfolio and the ACLL calculated in accordance with our credit loss accounting methodology for loans described above (dollars in thousands). June 30, 2023 Loan Balances Allowance for Credit Losses - Loans Loans Individually Evaluated Loans Collectively Evaluated Total Loans Individually Evaluated Loans Collectively Evaluated Total 1-4 Family residential construction $ - $ 32,280 $ 32,280 $ - $ 485 $ 485 Other construction, land development and land 520 42,907 43,427 226 1,148 1,374 Secured by farmland - 75,119 75,119 - 891 891 Home equity – open end - 46,380 46,380 - 257 257 Real estate - 169,955 169,955 - 1,260 1,260 Home Equity – closed end - 5,305 5,305 - 157 157 Multifamily - 7,963 7,963 - 196 196 Owner-occupied commercial real estate - 91,387 91,387 - 1,237 1,237 Other commercial real estate - 102,707 102,707 - 438 438 Agricultural loans - 11,947 11,947 - 22 22 Commercial and industrial - 44,802 44,802 - 742 742 Credit Cards - 3,209 3,209 - 88 88 Automobile loans - 120,871 120,871 - 1,455 1,455 Other consumer loans - 15,488 15,488 - 167 167 Municipal loans - 6,027 6,027 - - - Total loans $ 520 $ 776,347 $ 776,867 $ 226 $ 8,543 $ 8,769 December 31, 2022 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 68,671 $ 853 $ 67,818 Farmland 74,322 2,079 72,243 Real Estate 153,281 3,260 150,021 Multi-Family 9,622 - 9,622 Commercial Real Estate 195,163 9,111 186,052 Home Equity – closed end 4,707 - 4,707 Home Equity –open end 46,928 - 46,928 Commercial & Industrial – Non-Real Estate 56,625 - 56,625 Consumer 6,488 - 6,488 Dealer Finance 125,125 62 125,063 Credit Cards 3,242 - 3,242 Gross Loans 744,174 15,365 728,809 Less: Unamortized net deferred loan fees (570 ) - (570 ) Total $ 743,604 $ 15,365 $ 728,239 Prior to the adoption of ASU 2016-13, loans were considered impaired when, based on current information and events, it was probable the Company would be unable to collect all amounts due in accordance with the original contractual terms of the loan agreements. Impaired loans include loans on nonaccrual status and accruing troubled debt restructurings. When determining if the Company would be unable to collect all principal and interest payments due in accordance with the contractual terms of the loan agreement, the Company considered the borrower’s capacity to pay, which included such factors as the borrower’s current financial statements, an analysis of global cash flow sufficient to pay all debt obligations and an evaluation of secondary sources of repayment, such as guarantor support and collateral value. The Company individually assessed for impairment all substandard loans greater than $500 thousand and all troubled debt restructurings. The tables below include all loans deemed impaired, whether or not individually assessed for impairment. If a loan was deemed impaired, a specific valuation allowance was allocated, if necessary, so that the loan was reported net, at the present value of estimated future cash flows using the loan’s existing rate or at the fair value of collateral if repayment was expected solely from the collateral. Interest payments on impaired loans were typically applied to principal unless collectability of the principal amount was reasonably assured, in which case interest was recognized on a cash basis. The following table presents loans individually evaluated for impairment by class of loans as of December 31, 2022 (dollars in thousands): December 31, 2022 Unpaid Average Recorded Principal Related Recorded Investment(1) Balance Allowance Investment Impaired loans with no related allowance recorded: Construction/Land Development $ 332 $ 332 $ - $ 474 Farmland 2,535 2,079 - 2,137 Real Estate 1,882 1,882 - 2,107 Multi-Family - - - - Commercial Real Estate 8,131 8,131 - 8,851 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 7 7 - 11 12,887 12,431 - 13,580 Impaired loans with an allowance recorded: Construction/Land Development 521 521 228 261 Farmland - - - - Real Estate 1,378 1,378 92 1,466 Multi-Family - - - - Commercial Real Estate 980 980 11 1,935 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 55 55 13 62 2,934 2,934 344 3,724 Total impaired loans $ 15,821 $ 15,365 $ 344 $ 17,304 1 The following table presents information related to the average recorded investment and interest income recognized on impaired loans for the six-month period ended June 30, 2022 (dollars in thousands): Six Months Ended June 30, 2022 Average Recorded Interest Income Investment Recognized Impaired loans with no related allowance recorded: Construction/Land Development $ 601 $ 10 Farmland 2,268 80 Real Estate 2,654 65 Multi-Family - - Commercial Real Estate 8,291 155 Home Equity – closed end 81 - Home Equity – open end - - Commercial & Industrial – Non-Real Estate - - Consumer - - Credit Cards - - Dealer Finance 14 1 13,909 311 Impaired loans with an allowance recorded: Construction/Land Development $ - $ - Farmland - - Real Estate 1,363 34 Multi-Family - - Commercial Real Estate 4,281 67 Home Equity – closed end - - Home Equity – open end - - Commercial & Industrial – Non-Real Estate - - Consumer - - Credit Card - - Dealer Finance 90 4 5,734 105 Total Impaired Loans $ 19,643 $ 416 Modifications Made to Borrowers Experiencing Financial Difficulty The allowance for credit losses incorporates an estimate of lifetime expected credit losses and is recorded on each asset upon asset origination or acquisition. The starting point for the estimate of the allowance for credit losses is historical loss information, which includes losses from modifications of receivables to borrowers experiencing financial difficulty. The Company uses a remaining life model to determine the allowance for credit losses. An assessment of whether a borrower is experiencing financial difficulty is made on the date of a modification. Because the effect of most modifications made to borrowers experiencing financial difficulty is already included in the allowance for credit losses because of the measurement methodologies used to estimate the allowance, a change to the allowance for credit losses is generally not recorded upon modification. Occasionally, the Company modifies loans by providing principal forgiveness on certain of its real estate loans. When principal forgiveness is provided, the amortized cost basis of the asset is written off against the allowance for credit losses. The amount of the principal forgiveness is deemed to be uncollectible; therefore, that portion of the loan is written off, resulting in a reduction of the amortized cost basis and a corresponding adjustment to the allowance for credit losses. In some cases, the Company will modify a certain loan by providing multiple types of concessions. Typically, one type of concession, such as a term extension, is granted initially. If the borrower continues to experience financial difficulty, another concession, such as principal forgiveness, may be granted. There was one loan modified to a borrower experiencing financial difficulty in the three and six months ended June 30, 2023 (see table below, dollars in thousands). There were no loans that had a payment default during the quarter that were modified in the previous 12 months. Term Extension Amortized Cost Weighted Average Term Extension (Months) Automobile loans $ 23 3 Total loans $ 23 3 The Company closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table depicts the performance of loans that have been modified in the last 12 months (dollars in thousands): Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due 1-4 Family residential construction $ - $ - $ - Other construction, land development and land - - - Secured by farmland - - - Home equity – open end - - - Real estate 160 17 - Home Equity – closed end - - - Multifamily - - - Owner-occupied commercial real estate - - - Other commercial real estate - - - Agricultural loans - - - Commercial and industrial - - - Credit Cards - - - Automobile loans 44 - - Other consumer loans - - - Municipal loans - - - Total loans $ 204 $ 17 $ - The following table shows, by modification type, TDRs that occurred during 2022 (dollars in thousands): December 31, 2022 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended maturity 3 $ 44 $ 44 Change in terms 1 162 162 Total 4 $ 206 $ 206 Unfunded Commitments The Company maintains an allowance for off-balance sheet credit exposures such as unfunded balances for existing lines of credit, commitments to extend future credit, as well as both standby and commercial letters of credit when there is a contractual obligation to extend credit and when this extension of credit is not unconditionally cancellable (i.e. commitment cannot canceled at any time). The allowance for off-balance sheet credit exposures is adjusted as a provision for credit loss expense. The estimate includes consideration of the likelihood that funding will occur, which is based on a historical funding study derived from internal information, and an estimate of expected credit losses on commitments expected to be funded over its estimated life, which are the same loss rates that are used in computing the allowance for credit losses on loans and are discussed above. The allowance for credit losses for unfunded loan commitments of $719 thousand at June 30, 2023 is separately classified on the balance sheet within Other Liabilities. The following table presents the balance and activity in the allowance for credit losses for unfunded loan commitments for the three months ended June 30, 2023 (dollars in thousands). Total Allowance for Credit Losses – Unfunded Commitments Balance, December 31, 2022 $ - Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 747 Recovery of credit losses (28 ) Balance, June 30, 2023 $ 719

Mortgage Banking and Derivative

Mortgage Banking and Derivatives	6 Months Ended
	Jun. 30, 2023
Mortgage Banking and Derivatives
Mortgage Banking and Derivatives	Note 4. Mortgage Banking and Derivatives Loans Held for Sale The Company, through the Bank’s mortgage banking subsidiary, F&M Mortgage, originates residential mortgage loans for sale in the secondary market. Residential mortgage loans held for sale are sold to the permanent investor with the mortgage servicing rights released. The Company uses fair value accounting for its entire portfolio of loans held for sale (“LHFS”) in accordance with ASC 820 – Fair Value Measurement and Disclosures. Fair value of the Company’s LHFS is based on observable market prices for the identical instruments traded in the secondary mortgage loan markets in which the Company conducts business totaled $881 thousand as of June 30, 2023 of which $881 thousand is related to unpaid principal. The Company’s portfolio of LHFS is classified as Level 2. Interest Rate Lock Commitments and Forward Sales Commitments The Company, through F&M Mortgage, enters into commitments to originate residential mortgage loans in which the interest rate on the loan is determined prior to funding, termed interest rate lock commitments (IRLCs). Such rate lock commitments on mortgage loans to be sold in the secondary market are considered to be derivatives. Upon entering into a commitment to originate a loan, the Company protects itself from changes in interest rates during the period prior to sale by requiring a firm purchase agreement from a permanent investor before a loan can be closed (forward sales commitment). The Company locks in the loan and rate with an investor and commits to deliver the loan if settlement occurs on a best efforts basis, thus limiting interest rate risk. Certain additional risks exist if the investor fails to meet its purchase obligation; however, based on historical performance and the size and nature of the investors the Company does not expect them to fail to meet their obligation. The Company determines the fair value of the IRLCs based on the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis while taking into consideration the probability that the rate loan commitments will close. The fair value of these derivative instruments is reported in “Other Assets” in the Consolidated Balance Sheet at June 30, 2023, and totaled $129 thousand, with a notional amount of $11.6 million and total positions of 39. The fair value of the IRLCs were reported in the “Other liabilities” in the Consolidated Balance Sheet at December 31, 2022 and totaled $92 thousand, with a notional amount of $12.2 million and total positions of 38. Changes in fair value are recorded as a component of “Mortgage banking income” in the Consolidated Income Statement for the period ended June 30, 2023 and 2022. The Company’s IRLCs are classified as Level 2. At June 30, 2023 and December 31, 2022, each IRLC and all LHFS were subject to a forward sales commitment on a best efforts basis. The Company uses fair value accounting for its forward sales commitments related to IRLCs and LHFS under ASC 825-10-15-4(b). The fair value of forward sales commitments was reported in “Other Assets” in the Consolidated Balance Sheet at June 30, 2023 and totaled $29 thousand, with a notional amount of $12.5 million and total positions of 43. The fair value of forward sales commitments was reported in “Other Assets” in the Consolidated Balance Sheet at December 31, 2022 and totaled $186 thousand, with a notional amount of $13.6 million and total positions of 43.

Employee Benefit Plan

Employee Benefit Plan	6 Months Ended
	Jun. 30, 2023
Employee Benefit Plan
Employee Benefit Plan	Note 5. Employee Benefit Plan The Bank has a qualified noncontributory defined benefit pension plan which covers substantially all of its full-time employees hired before April 1, 2012. The benefits are primarily based on years of service and earnings. The Company uses December 31 st Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Service cost $ - $ 190 $ - $ 380 Interest cost 92 104 184 208 Expected return on plan assets (130 ) - (260 ) - Amortization of prior service cost - (195 ) - (390 ) Amortization of net loss - 58 - 116 Net periodic pension cost $ (38 ) $ 157 $ (76 ) $ 314

StockBased Compensation

StockBased Compensation	6 Months Ended
	Jun. 30, 2023
StockBased Compensation
Stock-based Compensation	Note 6. Stock-Based Compensation The Company granted stock awards to directors and employees under the Company’s 2020 Stock Incentive Plan. On March 7, 2023 the Bank’s Compensation Committee awarded 23,556 shares with a fair value of $526 thousand to selected employees. These shares vest 25% over each of the next four years. The Committee also awarded 1,309 shares with a fair value of $29 thousand to directors that vested upon issuance. There were 6,974 shares vested, less 96 shares netted for taxes, during the six months ended June 30, 2023. There were 7,706 shares forfeited in the three months ended June 30, 2023. Unrecognized compensation expense related to the nonvested restricted stock as of June 30, 2023 totaled $724 thousand.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2023
Fair Value
Fair Value	Note 7. Fair Value The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Accounting guidance for fair value excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The Company records fair value adjustments to certain assets and liabilities and determines fair value disclosures utilizing a definition of fair value of assets and liabilities that states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Additional considerations are involved to determine the fair value of financial assets in markets that are not active. The Company uses a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three levels of the fair value hierarchy based on these two types of inputs are as follows: Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The carrying value of restricted Federal Reserve Bank of Richmond and FHLB stock approximates fair value based upon the redemption provisions of each entity and is therefore excluded from the following table. Loans Held for Sale The Company uses the fair value accounting for its entire portfolio of originated loans held for sale in accordance with ASC 820 – Fair Value Measurement and Disclosures. Fair value of the Company’s originated loans held for sale through F&M Mortgage is based on observable market prices for similar instruments traded in the secondary mortgage loan markets in which the Company conducts business. The Company’s portfolio of loans held for sale through F&M Mortgage is classified as Level 2. Gains and losses on the sale of loans are recorded within mortgage banking income, net on the Consolidated Statements of Income. Derivative assets – IRLCs The Company recognizes IRLCs at fair value based on the price of the underlying loans obtained from an investor for loans that will be delivered on a best-efforts basis while taking into consideration the probability that the rate lock commitments will close. All of the Company’s IRLCs are classified as Level 2. Derivative Asset/Liability – Forward Sale Commitments The Company uses the fair value accounting for its forward sales commitments related to IRLCs and LHFS. Best efforts sales commitments are entered into for loans intended for sale in the secondary market at the time the borrower commitment is made. The best efforts commitments are valued using the committed price to the counter-party against the current market price of the interest rate lock commitment or mortgage loan held for sale. All the Company’s forward sale commitments are classified Level 2. The following tables present the balances of financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022 (dollars in thousands): Fair Value Measurements Using: Balance at June 30, 2023 Level 1 Level 2 Level 3 Assets: Loans held for sale, F&M Mortgage $ 881 $ - $ 881 $ - U.S. Treasury 37,053 - 37,053 - U.S. Agency 131,582 - 131,582 - Municipal bonds 38,986 - 38,986 - Mortgage-backed securities 150,939 - 150,939 - Corporate 26,091 - 26,091 - IRLC 129 - 129 - Forward Sales Commitments 29 - 29 - Assets at Fair Value $ 385,690 $ - $ 385,690 $ - Fair Value Measurements Using: Balance at December 31, 2022 Level 1 Level 2 Level 3 Assets: Loans held for sale, F&M Mortgage $ 1,373 $ - $ 1,373 $ - U.S. Treasury 36,643 - 36,643 - U.S. Agency 129,748 - 129,748 - Municipal bonds 42,198 - 42,198 - Mortgage-backed securities 156,875 - 156,875 - Corporate 26,631 - 26,631 - Forward sales commitments 186 - 186 - Assets at Fair Value $ 393,654 $ - $ 393,654 $ - Liabilities: IRLC $ 92 $ - $ 92 $ - Liabilities at Fair Value $ 92 $ - $ 92 $ - Certain financial assets are measured at fair value on a nonrecurring basis in accordance with GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a nonrecurring basis in the financial statements: Collateral Dependent Loans with an ACL In accordance with ASC 326, may The following table summarizes the Company’s financial assets that were measured at fair value on a nonrecurring basis during the period (dollars in thousands): Fair Value Measurements Using: Collateral dependent loans with an ACL Balance at June 30, 2023 Level 1 Level 2 Level 3 Other construction, land development and land $ 294 $ - $ - $ 294 Total collateral dependent loans with an ACL $ 294 $ - $ - $ 294 Fair Value Measurements Using: Impaired Loans Balance at December 31, 2022 Level 1 Level 2 Level 3 Construction/Land Development $ 293 $ - $ - $ 293 Real Estate 1,286 - - 1,286 Commercial Real Estate 969 - - 969 Dealer Finance 42 - - 42 Total Impaired loans $ 2,590 $ - $ - $ 2,590 The following table presents information about Level 3 Fair Value Measurements for June 30, 2023 and December 31, 2022 (dollars in thousands): Fair Value at June 30, 2023 Valuation Technique Significant Unobservable Inputs Range Collateral Dependent Loans $ 294 thousand Discounted appraised value Discount for selling costs and marketability 62% Fair Value at December 31, 2022 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 2,590 thousand Discounted appraised value Discount for selling costs and marketability 10.00%-33.00% (Average 19.00%) Other Real Estate Owned Certain assets such as other real estate owned (OREO) are measured at fair value less cost to sell. Valuation of other real estate owned is determined using current appraisals from independent parties, a level two input. If current appraisals cannot be obtained prior to reporting dates, or if declines in value are identified after a recent appraisal is received, appraisal values are discounted, resulting in Level 3 estimates. If the Company markets the property with a realtor, estimated selling costs reduce the fair value, resulting in a valuation based on Level 3 inputs. The Company markets other real estate owned and assets held for sale both independently and with local realtors. Properties marketed by realtors are discounted by selling costs. Properties that the Company markets independently are not discounted by selling costs. The Company did not have any other real estate owned as of June 30, 2023 or December 31, 2022.

Disclosures about Fair Value of

Disclosures about Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2023
Disclosures about Fair Value of Financial Instruments
Disclosures about Fair Value of Financial Instruments	N ote 8. Disclosures about Fair Value of Financial Instruments The following presents the carrying amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments as of June 30, 2023 and December 31, 2022. Fair values for June 30, 2023 and December 31, 2022 are estimated under the exit price notion in accordance with the prospective adoption of ASU 2016-01, “ Recognition and Measurement of Financial Assets and Financial Liabilities. The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows (dollars in thousands): Fair Value Measurements at June 30, 2023 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at June 30, 2023 Assets: Cash and cash equivalents $ 36,505 $ 36,505 $ - $ - $ 36,505 Securities available for sale 384,651 - 384,651 - 384,651 Securities held to maturity 125 - 115 - 115 Loans held for sale 881 - 881 - 881 Loans held for investment, net 776,260 - - 749,716 749,716 Interest receivable 4,280 - 4,280 - 4,280 Bank owned life insurance 22,538 - 22,538 - 22,538 IRLC 129 - 129 - 129 Forward sales commitments 29 - 29 - 29 Total $ 1,225,398 $ 36,505 $ 412,633 $ 749,716 $ 1,198,854 Liabilities: Deposits $ 1,137,112 $ - $ 1,133,639 $ - $ 1,133,639 Short-term debt 47,000 - - 47,000 47,000 Long-term debt 6,911 - - 6,645 6,645 Interest payable 773 - 773 - 773 Total $ 1,191,796 $ - $ 1,134,412 $ 53,645 $ 1,188,057 Fair Value Measurements at December 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at December 31, 2022 Assets: Cash and cash equivalents $ 34,953 $ 34,953 $ - $ - $ 34,953 Securities 392,220 - 392,220 - 392,220 Loans held for sale 1,373 - 1,373 - 1,373 Loans held for investment, net 743,604 - - 720,806 720,806 Interest receivable 3,995 - 3,995 - 3,995 Bank owned life insurance 23,554 - 23,554 - 23,554 Forward sales commitments 186 - 186 - 186 Total $ 1,199,885 $ 34,953 $ 421,328 $ 720,806 $ 1,177,087 Liabilities: Deposits $ 1,083,377 $ - $ 1,080,909 $ - $ 1,080,909 Short-term debt 70,000 - - 70,000 70,000 Long-term debt 6,890 - - 6,778 6,778 IRLC 92 - 92 - 92 Interest payable 295 - 295 - 295 Total $ 1,160,654 $ - $ 1,081,296 $ 76,778 $ 1,158,074

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	Note 9. Accumulated Other Comprehensive Loss The following tables present components of accumulated other comprehensive loss for the periods stated (dollars in thousands). For the three months ended June 30, 2023 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at March 31, 2023 $ (37,735 ) $ 439 $ (37,296 ) Change in unrealized securities gains (losses), net of tax benefit of $19 71 - 71 Balance at June 30, 2023 $ (37,664 ) $ 439 $ (37,225 ) For the three months ended June 30, 2022 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at March 31, 2022 $ (16,060 ) $ (3,291 ) $ (19,351 ) Change in unrealized securities gains (losses), net of tax benefit of $4,512 (16,972 ) - (16,972 ) Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $20 (77 ) - (77 ) Balance at June 30, 2022 $ (33,109 ) $ (3,291 ) $ (36,400 ) For the six months ended June 30, 2023 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at December 31, 2022 $ (40,451 ) $ 439 $ (40,012 ) Change in unrealized securities gains, net of tax expense of $742 2,787 - 2,787 Balance at June 30, 2023 $ (37,664 ) $ 439 $ (37,225 ) For the six months ended June 30, 2022 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (1,801 ) $ (3,291 ) $ (5,092 ) Change in unrealized securities losses, net of tax benefit of $8,302 (31,231 ) - (31,231 ) Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $20 (77 ) - (77 ) Balance at June 30, 2022 $ (33,109 ) $ (3,291 ) $ (36,400 ) There were no reclassifications adjustments reported on the consolidated statements of income during the three and six months ended June 30, 2023.

Debt

Debt	6 Months Ended
	Jun. 30, 2023
Debt
Debt	Note 10. Debt Short-term Debt The Company utilizes short-term debt such as Federal funds purchased and FHLB short-term borrowings to support loans growth and provide liquidity. Federal funds purchased are unsecured overnight borrowings from other financial institutions. FHLB short term debt, which is secured by the loan portfolio, can be a daily rate variable loan that acts as a line of credit or a fixed rate advance, depending on the need of the Company. There was $47.0 million in short-term debt at June 30, 2023 and $70.0 million short-term debt at December 31, 2022. On July 10, 2023 the Company paid off $2.0 million in short-term debt, and on July 31, 2023, the Company paid off an additional $10.0 million in short-term debt. Long-term Debt On July 29, 2020, the Company sold and issued to an institutional accredited investor $7.0 million in aggregate principal amount of 6.00% fixed to floating rate subordinated notes due July 31, 2030. The note will initially bear interest at 6.00% per annum, beginning July 29, 2020 to but excluding July 31, 2025, payable semi-annually in arrears. From and including July 31, 2025 through July 30, 2030, or up to an early redemption date, the interest rate will reset quarterly to an interest rate per annum equal to the then current three-month SOFR plus 593 basis points, payable quarterly in arrears. Beginning on July 31, 2025 through maturity, the note may be redeemed, at the Company’s option, on any scheduled interest payment date. The note will mature on July 31, 2030. The subordinated note, net of issuance costs totaled $6.9 million at June 30, 2023.

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2023
Revenue Recognition
Revenue Recognition	Note 11. Revenue Recognition Topic 606 is applicable to noninterest revenue streams such as deposit related fees, interchange fees, merchant income, and annuity and insurance commissions. Substantially all the Company’s revenue is generated from contracts with customers. Topic 606 does not apply to revenue associated with financial instruments, including revenue from loans and securities. In addition, certain noninterest income streams such as fees associated with mortgage servicing rights, financial guarantees, derivatives, and certain credit card fees are also not in scope of the guidance. Noninterest revenue streams in-scope of Topic 606 are discussed below. Service Charges on Deposit Accounts Service charges on deposit accounts consist of account analysis fees (i.e., net fees earned on analyzed business and public checking accounts), monthly service fees, check orders, and other deposit account related fees. The Company’s performance obligation for account analysis fees and monthly service fees is generally satisfied, and the related revenue recognized, over the period in which the service is provided. Check orders and other deposit account related fees are largely transactional based, and therefore, the Company’s performance obligation is satisfied, and related revenue recognized, at a point in time. Payment for service charges on deposit accounts is primarily received immediately or in the following month through a direct charge to customers’ accounts. Investment Services and Insurance Income Investment services and insurance income primarily consists of commissions received on mutual funds and other investment sales. Commissions from the sale of mutual funds and other investments are recognized on trade date, which is when the Company has satisfied its performance obligation. Title Insurance Income VSTitle provides title insurance and real estate settlement services. Revenue is recognized at the time the real estate transaction is completed. ATM and Check Card Fees ATM and Check Card Fees are primarily comprised of debit and credit card income, ATM fees, merchant services income, and other service charges. Debit and credit card income is primarily comprised of interchange fees earned whenever the Company’s debit and credit cards are processed through card payment networks such as Visa. ATM fees are primarily generated when a Company cardholder uses a non-Company ATM or a non-Company cardholder uses a Company ATM. Merchant services income mainly represents fees charged to merchants to process their debit and credit card transactions, in addition to account management fees. Other Other noninterest income consists of other recurring revenue streams such as safe deposit box rental fees, and other service charges. Safe deposit box rental fees are charged to the customer on an annual basis and recognized upon receipt of payment. The Company determined that since rentals and renewals occur fairly consistently over time, revenue is recognized on a basis consistent with the duration of the performance obligation. Other service charges include revenue from processing wire transfers, online payment fees, cashier’s checks, mobile banking fees and other services. The Company’s performance obligation for fees, exchange, and other service charges are largely satisfied, and related revenue recognized, when the services are rendered or upon completion. Payment is typically received immediately or in the following month. The following presents noninterest income, segregated by revenue streams in-scope and out-of-scope of Topic 606, for the three and six months ended June 30, 2023 and 2022 (dollars in thousands). Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Noninterest Income In-scope of Topic 606: Service Charges on Deposits $ 274 $ 274 $ 499 $ 581 Investment Services and Insurance Income 355 453 862 704 Title Insurance Income 377 366 625 839 ATM and check card fees 672 632 1,299 1,195 Other 286 242 360 399 Noninterest Income (in-scope of Topic 606) 1,964 1,967 3,645 3,718 Noninterest Income (out-of-scope of Topic 606) 788 1,110 1,473 1,842 Total Noninterest Income $ 2,752 $ 3,077 $ 5,118 $ 5,560 Contract Balances A contract asset balance occurs when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity’s obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company’s noninterest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of June 30, 2023 and December 31, 2022, the Company did not have any significant contract balances. Contract Acquisition Costs In connection with the adoption of Topic 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. Upon adoption of Topic 606, the Company did not capitalize any contract acquisition cost.

Leases

Leases	6 Months Ended
	Jun. 30, 2023
Leases
Leases	Note 12. Leases The Company adopted ASU No. 2016-02 “Leases (Topic 842)” Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases (dollars in thousands): June 30, 2023 Lease Liabilities $ 811 Right-of-use assets $ 795 Weighted average remaining lease term (years) 2.02 years Weighted average discount rate 3.29 % For the Three Months Ended For the Six Months Ended June 30, June 30, 2023 2022 2023 2022 Operating lease cost $ 43 $ 47 $ 83 $ 94 Total lease cost $ 43 $ 47 $ 83 $ 94 Cash paid for amounts included in the measurement of lease liabilities $ 47 $ 53 $ 105 $ 105 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows (dollars in thousands): June 30, 2023 Six months ending December 31, 2023 $ 82 Twelve months ending December 31, 2024 166 Twelve months ending December 31, 2025 122 Twelve months ending December 31, 2026 69 Twelve months ending December 31, 2027 56 Thereafter 462 Total undiscounted cash flows $ 957 Discount 146 Lease liabilities $ 811

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2023
Subsequent Events
Subsequent Events	Note 13. Subsequent Events On July 20, 2023, the Board of Directors declared a second quarter dividend of $0.26 per share, payable on August 29, 2023, to shareholders of record as of August 14, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Summary of Significant Accounting Policies
Principles Of Consolidation	The Consolidated Financial Statements include the accounts of F&M Bank Corp. (the “Company”), Farmers & Merchants Bank (the “Bank”), TEB Life Insurance Company (“TEB”), Farmers & Merchants Financial Services, Inc. (“FMFS”), VBS Mortgage, LLC (dba “F&M Mortgage”), and VSTitle, LLC (“VST”), with all significant intercompany accounts and transactions eliminated. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“GAAP”) and to accepted practices within the banking industry.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The material estimate that is particularly susceptible to significant change in the near term relate to the determination of the allowance for credit losses.
Reclassification	Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income.
Nature Of Operations	The Company, through its subsidiary Farmers & Merchants Bank, operates under a charter issued by the Commonwealth of Virginia and provides commercial banking services. As a state chartered bank, the Bank is subject to regulation by the Virginia Bureau of Financial Institutions and the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Bank provides services to customers primarily in the counties of Rockingham, Shenandoah, Augusta, and Frederick, and the cities of Harrisonburg, Staunton, Waynesboro and Winchester in Virginia. Services are provided at thirteen branch offices and a Dealer Finance Division. The Company offers insurance, mortgage lending, title insurance and financial services through its subsidiaries, TEB Life Insurance Company, Farmers & Merchants Financial Services, Inc., F&M Mortgage, and VSTitle, LLC.
Cash and Cash Equivalents	For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, federal funds sold, and interest-bearing deposits. Generally, federal funds are purchased and sold on an overnight basis.
Accounting Standards Adopted in 2023	On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13 Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments “ASC 326”. This standard replaced the incurred loss methodology with an expected loss methodology that is referred to as the current expected credit loss (“CECL”) methodology. CECL requires an estimate of credit losses for the remaining estimated life of the financial asset using historical experience, current conditions, and reasonable and supportable forecasts and generally applies to financial assets measured at amortized cost, including loan receivables and held-to-maturity debt securities, and some off-balance sheet credit exposures such as unfunded commitments to extend credit. Financial assets measured at amortized cost will be presented at the net amount expected to be collected by using an allowance for credit losses. In addition, CECL made changes to the accounting for available for sale debt securities. One such change is to require credit losses to be presented as an allowance rather than as a write-down on available for sale debt securities if management does not intend to sell and does not believe that it is more likely than not, they will be required to sell. The Company adopted ASC 326 and all related subsequent amendments thereto effective January 1, 2023 using the modified retrospective approach for all financial assets measured at amortized cost and off-balance sheet credit exposures. The transition adjustment of the adoption of CECL included an increase in the allowance for credit losses on loans of $777 thousand, which is presented as a reduction to net loans outstanding, and an increase in the allowance for credit losses on unfunded loan commitments of $747 thousand, which is recorded within Other Liabilities. The Company recorded a net decrease to retained earnings of $1.2 million as of January 1, 2023 for the cumulative effect of adopting CECL, which reflects the transition adjustments noted above, net of the applicable deferred tax assets recorded. Results for reporting periods beginning after January 1, 2023 are presented under CECL while prior period amounts continue to be reported in accordance with previously applicable accounting standards (“Incurred Loss”). The Company adopted ASC 326 using the prospective transition approach for debt securities for which other-than-temporary impairment had been recognized prior to January 1, 2023. As of December 31, 2022, the Company did not have any other-than-temporarily impaired investment securities. Therefore, upon adoption of ASC 326, the Company determined there was no allowance for credit losses on available for sale securities. The Company elected not to measure an allowance for credit losses for accrued interest receivable and instead elected to reverse interest income on loans or securities that are placed on nonaccrual status, which is generally when the instrument is 90 days past due, or earlier if the Company believes the collection of interest is doubtful. The Company has concluded that this policy results in the timely reversal of uncollectible interest.
Allowance for Credit Losses - Held to Maturity Securities	Management measures expected credit losses on held-to-maturity debt securities on a collective basis by major security type. Accrued interest receivable on held-to-maturity debt securities was immaterial at June 30, 2023 and was excluded from the estimate of credit losses. The state and local governments securities held by the Company are highly rated by major rating agencies. As a result, no allowance for credit losses was recorded on held to maturity at June 30, 2023.
Allowance for Credit Losses - Available for Sale Securities	For available for sale securities, management evaluates all investments in an unrealized loss position on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. If the Company has the intent to sell the security or it is more likely than not that the Company will be required to sell the security, the security is written down to fair value and the entire loss is recorded in earnings. If either of the above criteria is not met, the Company evaluates whether the decline in fair value is the result of credit losses or other factors. In making the assessment, the Company may consider various factors including the extent to which fair value is less than amortized cost, performance on any underlying collateral, downgrades in the ratings of the security by a rating agency, the failure of the issuer to make scheduled interest or principal payments and adverse conditions specifically related to the security. If the assessment indicates that a credit loss exists, the present value of cash flows expected to be collected are compared to the amortized cost basis of the security and any excess is recorded as an allowance for credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any amount of unrealized loss that has not been recorded through an allowance for credit loss is recognized in other comprehensive income. Changes in the allowance for credit loss are recorded as provision for (or reversal of) credit loss expense. Losses are charged against the allowance for credit loss when management believes an available for sale security is confirmed to be uncollectible or when either of the criteria regarding intent or requirement to sell is met. At June 30, 2023, there was no allowance for credit loss related to the available for sale portfolio. Accrued interest receivable on available for sale debt securities totaled $1.5 million at June 30, 2023 and was excluded from the estimate of credit losses.
Loans	Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at amortized cost. Amortized cost is the principal balance outstanding, net of discounts and deferred fees and costs. Accrued interest receivable related to loans totaled $2.8 million at June 30, 2023 and was reported in accrued interest receivable on the consolidated balance sheets. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using methods that approximate a level yield without anticipating prepayments. The accrual of interest is generally discontinued when a loan becomes 90 days past due and is not well collateralized and in the process of collection, or when management believes, after considering economic and business conditions and collection efforts, that the principal or interest will not be collectible in the normal course of business. Past due status is based on contractual terms of the loan. A loan is considered to be past due when a scheduled payment has not been received 30 days after the contractual due date. All accrued interest is reversed against interest income when a loan is placed on nonaccrual status. Interest received on such loans is accounted for using the cost-recovery method, until qualifying for return to accrual. Under the cost-recovery method, interest income is not recognized until the loan balance is reduced to zero. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, there is a sustained period of repayment performance, and future payments are reasonably assured.
Allowance for Credit Losses - Loans	The allowance for credit losses is a valuation account that is deducted from the loans' amortized cost basis to present the net amount expected to be collected on the loans. Loans are charged off against the allowance when management believes the uncollectibility of a loan balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. Accrued interest receivable is excluded from the estimate of credit losses. The allowance for credit losses represents management’s estimate of lifetime credit losses inherent in loans as of the balance sheet date. The allowance for credit losses is estimated by management using relevant available information, from both internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts. The Company utilizes a Qualitative Scorecard (“scorecard”) to adjust the historical loss information, as necessary, to reflect the Company’s expectations about the future. For each segment, the scorecard calculates the difference between the quantitative expected credit loss and the high watermark average remaining maturity loss rates. This difference is the maximum qualitative adjustment that can be applied to that segment. Due to the low number of losses in the Bank’s portfolio, in particular during the great financial crisis from 2008-2012, a number of pool sets will leverage peer data to calculate the overall loss rate. The Company believes that in order to provide a reasonable and supportable loss rate, data representative of losses during a financial downturn will provide a better representation of the perceived risk in the portfolio. In determining how to apply the weightings for the various qualitative factors, management assessed which factors would have the highest impact on potential loan losses. The economy and problem loan trends were determined to have the most significant effect on the estimated losses. The most influential factor on potential loan losses are economic conditions, with a weighting of 20%-25%. The Company will evaluate the weighting applied to each pool on an annual basis. The Company measures expected credit losses for loans on a pooled basis when similar risk characteristics exist. The Company has identified the following portfolio segments and calculates the allowance for credit losses for each using a remaining life methodology: 1-4 family residential construction. Other construction, land development and land. Secured by farmland. Home equity - open end. Real estate. Home equity - closed end. Multifamily. Owner-occupied commercial real estate. Other commercial real estate. Agriculture loans. Commercial and industrial. Credit cards. Automobile loans. Other consumer loans. Municipal loans. Additionally, the allowance for credit losses calculation includes subjective adjustments for qualitative risk factors that are likely to cause estimated credit losses to differ from historical experience. These qualitative adjustments may increase or reduce reserve levels and include adjustments for lending management experience and risk tolerance, loan review and audit results, asset quality and portfolio trends, loan portfolio growth, industry concentrations, trends in underlying collateral, external factors and economic conditions not already captured. Loans that do not share risk characteristics are evaluated on an individual basis. When management determines that foreclosure is probable and the borrower is experiencing financial difficulty, the expected credit losses are based on the fair value of collateral at the reporting date adjusted for selling costs as appropriate.
Allowance for Credit Losses - Unfunded Commitments	Financial instruments include off-balance sheet credit instruments, such as commitments to make loans and commercial letters of credit issued to meet customer financing needs. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for off-balance sheet loan commitments is represented by the contractual amount of those instruments. Such financial instruments are recorded when they are funded. The Company records an allowance for credit losses on off-balance sheet credit exposures, unless the commitments to extend credit are unconditionally cancelable, through a charge to provision for credit losses in the Company’s income statements. The allowance for credit losses on off-balance sheet credit exposures is estimated by loan segment at each balance sheet date under the current expected credit loss model using the same methodologies as portfolio loans, taking into consideration the likelihood that funding will occur as well as any third-party guarantees. The allowance for unfunded commitments is included in other liabilities on the Company’s consolidated balance sheets.
Earnings Per Share	Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements if those securities trade in a public market. Basic EPS is computed by dividing net income available to common sthareholders by the weighted average number of common shares outstanding. Nonvested restricted shares are included in the computation of basic earnings per share as the holder is entitled to full shareholder benefits during the vesting period, including voting rights and sharing in nonforfeitable dividends.
Recent Accounting Pronouncements	Accounting Standards adopted in 2023: In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU, as amended, requires an entity to measure expected credit losses for financial assets carried at amortized cost based on historical experience, current conditions, and reasonable and supportable forecasts. Among other things, the ASU also amended the impairment model for available for sale securities and addressed purchased financial assets with deterioration. ASU 2016-13 was effective for the Company on January 1, 2023. The adjustment recorded at adoption to the overall allowance for credit losses, which consisted of adjustments to the allowance for credit losses on loans, as well as an adjustment to the Company’s reserve for unfunded loan commitments, was $1.5 million. The adjustment net of tax recorded to shareholders’ equity totaled $1.2 million. See Note 1 for additional details of adoption of this standard. In March 2022, the FASB issued Accounting Standards Update ASU No. 2022-02, “Financial Instruments-Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures.” ASU 2022-02 addresses areas identified by the FASB as part of its post-implementation review of the credit losses standard (ASU 2016-13) that introduced the CECL model. The amendments eliminate the accounting guidance for troubled debt restructurings by creditors that have adopted the CECL model and enhance the disclosure requirements for loan refinancings and restructurings made with borrowers experiencing financial difficulty. In addition, the amendments require a public business entity to disclose current-period gross write-offs for financing receivables and net investment in leases by year of origination in the vintage disclosures. The amendments in this ASU should be applied prospectively, except for the transition method related to the recognition and measurement of TDRs, an entity has the option to apply a modified retrospective transition method, resulting in a cumulative-effect adjustment to retained earnings in the period of adoption. ASU 2022-02 was effective for the Company on January 1, 2023. The adoption of ASU 2022-02 did not have a material impact on the Company’s consolidated financial statements. In March 2022, the FASB issued ASU No. 2022-01, “Derivatives and Hedging (Topic 815), Fair Value Hedging—Portfolio Layer Method.” ASU 2022-01 clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets and is intended to better align hedge accounting with an organization’s risk management strategies. In 2017, FASB issued ASU 2017-12 to better align the economic results of risk management activities with hedge accounting. One of the major provisions of that standard was the addition of the last-of-layer hedging method. For a closed portfolio of fixed-rate prepayable financial assets or one or more beneficial interests secured by a portfolio of prepayable financial instruments, such as mortgages or mortgage-backed securities, the last-of-layer method allows an entity to hedge its exposure to fair value changes due to changes in interest rates for a portion of the portfolio that is not expected to be affected by prepayments, defaults, and other events affecting the timing and amount of cash flows. ASU 2022-01 renames that method the portfolio layer method. For public business entities, ASU 2022-01 is effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. The adoption of ASU 2022-01 did not have a material impact on the Company’s consolidated financial statements. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers”. The ASU requires entities to apply Topic 606 to recognize and measure contract assets and contract liabilities in a business combination. The amendments improve comparability after the business combination by providing consistent recognition and measurement guidance for revenue contracts with customers acquired in a business combination and revenue contracts with customers not acquired in a business combination. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2022. Entities should apply the amendments prospectively and early adoption is permitted. The adoption of ASU 2021-08 did not have a material impact on the Company’s consolidated financial statements. Accounting Standards Pending Adoption: In July 2023, the Financial Accounting Standards Board (FASB) issued ASU 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718)”. This ASU amends the FASB Accounting Standards Codification for SEC paragraphs pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. ASU 2023-03 is effective upon addition to the FASB Codification. The Company does not expect the adoption of ASU 2023-03 to have a material impact on its consolidated financial statements. In March 2023, the FASB issued ASU No. 2023-02, “Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method”. These amendments allow reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. The ASU is effective for public business entities for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted for all entities in any interim period. The Company does not expect the adoption of ASU 2023-02 to have a material impact on its consolidated financial statements. In March 2023, the FASB issued ASU No. 2023-01, “Leases (Topic 842): Common Control Arrangements”. These amendments require entities to amortize leasehold improvements associated with common control leases over the useful life to the common control group. The ASU is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted. If an entity adopts the amendments in an interim period, it must adopt them as of the beginning of the fiscal year that includes that interim period. Transition can be done either retrospectively or prospectively. The Company does not expect the adoption of ASU 2023-01 to have a material impact on its consolidated financial statements. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848”. ASU 2022-06 extends the period of time preparers can utilize the reference rate reform relief guidance in Topic 848. The objective of the guidance in Topic 848 is to provide relief during the temporary transition period, so the FASB included a sunset provision within Topic 848 based on expectations of when the LIBOR would cease being published. In 2021, the UK Financial Conduct Authority delayed the intended cessation date of certain tenors of U.S. dollar LIBOR to June 30, 2023. To ensure the relief in Topic 848 covers the period of time during which a significant number of modifications may take place, the ASU defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. The ASU is effective for all entities upon issuance. The Company transitioned all loan agreements, other than SWAP loans, away from LIBOR during 2022. The SWAP loans have amended Rate Protection Agreements executed by the borrower in preparation of transition away from LIBOR by the swap holder. In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions”. ASU 2022-03 clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The ASU is effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023. Early adoption is permitted. The Company does not expect the adoption of ASU 2022-03 to have a material impact on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU No. 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU No. 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU No. 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. The Company transitioned all loan agreements, other than SWAP loans, away from LIBOR during 2022. The SWAP loans have amended Rate Protection Agreements executed by the borrower in preparation of transition away from LIBOR by the swap holder. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material effect on the Company’s financial position, result of operations or cash flows.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Jun. 30, 2023
Investment Securities
Schedule Of Amortized Cost And Fair Value For Securities	Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value June 30, 2023 U. S. Treasury $ 125 $ - $ 10 $ 115 December 31, 2022 U. S. Treasury $ 125 $ - $ 13 $ 112
Schedule Of Amortized Cost And Fair Value Of Securities Current	Amortized Cost Unrealized Gains Unrealized Losses Fair Value June 30, 2023 U.S. Treasury $ 39,913 $ 1 $ 2,861 $ 37,053 U.S. Agency 143,480 1 11,899 131,582 Municipal bonds 42,423 72 3,509 38,986 Mortgage-backed securities 175,961 187 25,209 150,939 Corporate 30,550 - 4,459 26,091 Total Securities Available for Sale $ 432,327 $ 261 $ 47,937 $ 384,651 Amortized Cost Unrealized Gains Unrealized Losses Fair Value December 31, 2022 U.S. Treasury $ 39,902 $ - $ 3,259 $ 36,643 U.S. Agency 143,473 - 13,725 129,748 Municipal bonds 46,331 27 4,160 42,198 Mortgage-backed securities 183,044 77 26,246 156,875 Corporate 30,550 - 3,919 26,631 Total Securities Available for Sale $ 443,300 $ 104 $ 51,309 $ 392,095
Schedule Amortized Cost And Fair Value Of Securities, Maturity	Securities Held to Maturity Securities Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Due in one year or less $ 125 $ 115 $ 25,998 $ 25,322 Due after one year through five years - - 181,873 167,303 Due after five years - - 77,994 67,145 Due after ten years - - 146,462 124,881 Total $ 125 $ 115 $ 432,327 $ 384,651
Schedule Of Rrealized Losses	Three Months Ended June 30, 2023 Six Month Ended June 30, 2023 Realized gains (losses): Gross realized gains $ - $ - Gross realized losses - - Net realized (losses) $ - $ - Proceeds from sales of securities $ - $ - Three Months Ended June 30, 2022 Six Months Ended June 30, 2022 Realized gains (losses): Gross realized gains $ - $ - Gross realized (losses) (97 ) (97 ) Net realized (losses) $ (97 ) $ (97 ) Proceeds from sales of securities $ 8,699 $ 8,699
Schedule Of Unrealized Losses	Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses June 30, 2023 U.S. Treasury $ - $ - $ 37,053 $ 2,861 $ 37,053 $ 2,861 U.S. Agency - - 131,582 11,899 131,582 11,899 Municipal bonds - - 33,382 3,509 33,382 3,509 Mortgage-backed securities 1,470 7 145,533 25,202 147,003 25,209 Corporate 5,802 898 20,289 3,561 26,091 4,459 Total $ 7,272 $ 905 $ 367,839 $ 47,032 $ 375,111 $ 47,937 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses December 31, 2022 U.S. Treasury $ 9,657 $ 362 $ 26,987 $ 2,897 $ 36,644 $ 3,259 U.S. Agency 13,914 1,083 115,835 12,642 129,749 13,725 Municipal bonds 21,805 1,426 18,710 2,734 40,515 4,160 Mortgage-backed securities 32,823 2,429 119,892 23,817 152,715 26,246 Corporate 16,252 2,198 10,379 1,721 26,631 3,919 Total $ 94,451 $ 7,498 $ 291,803 $ 43,811 $ 386,254 $ 51,309

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2023
Loans and Allowance for Credit Losses
Schedule Of Loans Outstanding	June 30, 2023 1-4 Family residential construction $ 32,280 Other construction, land development and land 43,427 Secured by farmland 75,119 Home equity – open end 46,380 Real estate 169,955 Home Equity – closed end 5,305 Multifamily 7,963 Owner-occupied commercial real estate 91,387 Other commercial real estate 102,707 Agricultural loans 11,947 Commercial and industrial 44,802 Credit Cards 3,209 Automobile loans 120,871 Other consumer loans 15,488 Municipal loans 6,027 Gross loans 776,867 Unamortized net deferred loan fees (607 ) Less allowance for credit losses 8,769 Net loans $ 767,491 December 31, 2022 Construction/Land Development $ 68,671 Farmland 74,322 Real Estate 153,281 Multi-Family 9,622 Commercial Real Estate 195,163 Home Equity – closed end 4,707 Home Equity – open end 46,928 Commercial & Industrial – Non-Real Estate 56,625 Consumer 6,488 Dealer Finance 125,125 Credit Cards 3,242 Gross loans 744,174 Unamortized net deferred loan fees (570 ) Less allowance for credit losses 7,936 Net loans $ 735,668
Summary Of Nonaccrual and Past Due Loans	Accruing Loans 30-59 Days Past due Accruing Loans 60-89 Days Past due Accruing Loans 90 Days or More Past due Nonaccrual Loans Accruing Current Loans Total Loans June 30, 2023 1-4 Family residential construction $ 440 $ - $ - $ - $ 31,840 $ 32,280 Other construction, land development and land 164 520 - 30 42,713 43,427 Secured by farmland - - - 986 74,133 75,119 Home equity – open end 240 - - 228 45,912 46,380 Real estate 999 246 - 340 168,370 169,955 Home Equity – closed end - - - - 5,305 5,305 Multifamily - - - - 7,963 7,963 Owner-occupied commercial real estate - - - - 91,387 91,387 Other commercial real estate 923 65 - - 101,719 102,707 Agricultural loans - - - 88 11,859 11,947 Commercial and industrial 116 - 27 90 44,569 44,802 Credit Cards 18 9 2 - 3,180 3,209 Automobile loans 647 300 - 200 119,724 120,871 Other consumer loans 108 3 - 6 15,371 15,488 Municipal loans - - - - 6,027 6,027 Gross loans 3,655 1,143 29 1,968 770,072 776,867 Less: Unamortized net deferred loan fees - - - - (607 ) (607 ) Loans held for investment $ 3,655 $ 1,143 $ 29 $ 1,968 $ 769,465 $ 776,260 Accruing Loans 30-59 Days Past due Accruing Loans 60-89 Days Past due Accruing Loans 90 Days or More Past Due Nonaccrual Loans Accruing Current Loans Total Loans December 31, 2022 Construction/Land Development $ 477 $ 539 $ - $ 21 $ 67,634 $ 68,671 Farmland 85 18 - 1,458 72,761 74,322 Real Estate 1,807 226 - 419 150,829 153,281 Multi-Family - - - - 9,622 9,622 Commercial Real Estate 234 82 - - 194,847 195,163 Home Equity – closed end 3 - - - 4,704 4,707 Home Equity – open end 385 177 - - 46,366 46,928 Commercial & Industrial – Non- Real Estate 104 - 31 101 56,389 56,625 Consumer 11 11 - 15 6,451 6,488 Dealer Finance 1,117 225 5 210 123,568 125,125 Credit Cards 51 9 2 - 3,180 3,242 Less: Unamortized net deferred loan fees - - - - (570 ) (570 ) Loans held for investment $ 4,274 $ 1,287 $ 38 $ 2,224 $ 735,781 $ 743,604
Summary Of nonaccrual loans by major categories	CECL Incurred Loss June 30, 2023 December 31, 2022 Nonaccrual loans with No Allowance Nonaccrual Loans with an Allowance Total Nonaccrual Loans Nonaccrual Loans 1-4 Family residential construction $ - $ - $ - $ - Other construction, land development and land 30 - 30 21 Secured by farmland 986 - 986 1,458 Home equity – open end 228 - 228 - Real estate 340 - 340 419 Home Equity – closed end - - - - Multifamily - - - - Owner-occupied commercial real estate - - - - Other commercial real estate - - - - Agricultural loans 88 - 88 88 Commercial and industrial 90 - 90 13 Credit Cards - - - - Automobile loans 200 - 200 210 Other consumer loans 6 - 6 15 Municipal loans - - - - Total loans $ 1,968 $ - $ 1,968 $ 2,224
Summary Of accrued interest receivables	For the Three Months Ended June 30, 2023 For the Six Months Ended June 30, 2023 1-4 Family residential construction $ - $ - Other construction, land development and land - - Secured by farmland - - Home equity – open end 1 1 Real estate - - Home Equity – closed end - - Multifamily - - Owner-occupied commercial real estate - - Other commercial real estate - - Agricultural loans - - Commercial and industrial - - Credit Cards - - Automobile loans 1 3 Other consumer loans - - Municipal loans - - Total loans $ 2 $ 4
Schedule Of Credit Quality Indicators	Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total 1-4 Family residential construction Pass $ - $ - $ - $ - $ - $ - $ 30,695 $ 30,695 Watch 642 - - - - - 503 1,145 Substandard - - - - - - 440 440 Total 1-4 Family residential construction 642 - - - - - 31,638 32,280 Current period gross write-offs - 70 - - - - - 70 Other construction, land development and land Pass 4,159 4,667 5,997 1,889 2,931 5,186 17,562 42,391 Watch - - - - - 265 221 486 Substandard - 520 - - - 30 - 550 Total Other construction, land development and land 4,159 5,187 5,997 1,889 2,931 5,481 17,783 43,427 Current period gross write-offs - - - - - - - - Secured by farmland Pass 2,055 13,699 14,321 27,916 2,556 6,739 5,133 72,419 Watch - - - - 799 915 - 1,714 Substandard - - 318 - - 652 16 986 Total Secured by farmland 2,055 13,699 14,639 27,916 3,355 8,306 5,149 75,119 Current period gross write-offs - - - - - - - - Home equity – open end Pass 370 - - - - 143 44,245 44,758 Watch - - - - - - 1,345 1,345 Substandard - - - - - - 277 277 Total Home equity - open end 370 - - - - 143 45,867 46,380 Current period gross write-offs - - - - - - - - Real estate Pass 24,258 42,310 15,661 12,410 6,793 58,008 - 159,440 Watch - - - 505 156 5,892 - 6,553 Substandard - - 545 - 1,226 2,191 - 3,962 Total Real estate 24,258 42,310 16,206 12,915 8,175 66,091 - 169,955 Current period gross write-offs - - - - - 19 - 19 Home Equity – closed end Pass 1,080 400 123 1,086 481 1,748 - 4,918 Watch - - - - - 374 - 374 Substandard - - - - 13 - - 13 Total Home Equity - closed end 1,080 400 123 1,086 494 2,122 - 5,305 Current period gross write-offs - - - - - - - - Multifamily Pass - 2,749 1,431 926 - 1,616 1,137 7,859 Watch - - - - - 104 - 104 Substandard - - - - - - - - Total Multifamily - 2,749 1,431 926 - 1,720 1,137 7,963 Current period gross write-offs - - - - - - - - Owner-occupied commercial real estate Pass 1,413 18,493 18,655 7,307 3,685 24,061 4,748 78,362 Watch - - - - 41 2,121 - 2,162 Substandard - - - - 6,361 1,204 3,298 10,863 Total Owner-occupied commercial real estate 1,413 18,493 18,655 7,307 10,087 27,386 8,046 91,387 Current period gross write-offs - - - - - - - - Other commercial real estate Pass 2,930 30,265 13,034 5,127 3,875 32,581 2,924 90,736 Watch - - - - - 11,884 - 11,884 Substandard - - - - - 87 - 87 Total Other commercial real estate 2,930 30,265 13,034 5,127 3,875 44,552 2,924 102,707 Current period gross write-offs - - - - - - - - Term Loans by Year of Origination 2023 2022 2021 2020 2019 Prior Revolving Total Agricultural loans Pass 2,036 2,865 661 481 4 57 5,568 11,672 Watch - - - 38 - - 149 187 Substandard - 63 14 11 - - - 88 Total Agricultural loans 2,036 2,928 675 530 4 57 5,717 11,947 Current period gross write-offs - - - - - - - - Commercial and industrial Pass 3,493 9,454 6,193 2,153 963 492 18,845 41,593 Watch - - 62 - - - 2,471 2,533 Substandard - - 646 27 - 3 - 676 Total 1-4 Commercial and industrial 3,493 9,454 6,901 2,180 963 495 21,316 44,802 Current period gross write-offs - - - - - 2 - 2 Credit Cards Pass - - - - - - 3,207 3,207 Watch - - - - - - - - Substandard - - - - - - 2 2 Total Credit cards - - - - - - 3,209 3,209 Current period gross write-offs - - - - - - 18 18 Automobile loans Pass 34,245 46,209 24,450 10,283 3,447 1,495 - 120,129 Watch 31 205 80 80 47 62 - 505 Substandard - 86 105 30 5 11 - 237 Total Automobile loans 34,276 46,500 24,635 10,393 3,499 1,568 - 120,871 Current period gross write-offs 35 300 88 88 29 18 - 821 Other consumer loans Pass 3,830 6,466 2,991 1,286 439 59 386 15,457 Watch - 5 9 - 5 5 1 25 Substandard - 6 - - - - - 6 Total Other consumer loans 3,830 6,477 3,000 1,286 444 64 387 15,488 Current period gross write-offs - 16 1 1 3 2 - 23 Municipal loans Pass - 175 1,024 1,128 1,257 2,443 - 6,027 Watch - - - - - - - - Substandard - - - - - - - - Total Municipal loans - 175 1,024 1,128 1,257 2,443 - 6,027 Current period gross write-offs - - - - - - - - Total loans 80,542 178,637 106,320 72,683 35,084 160,428 143,173 776,867 Less: Unamortized net deferred loan fees (607 ) Loans held for investment 776,260 Current period gross write-offs 35 386 352 89 32 41 18 953
Summary Of internal loan grade	December 31, 2022 Grade 1 Minimal Risk Grade 2 Modest Risk Grade 3 Average Risk Grade 4 Acceptable Risk Grade 5 Marginally Acceptable Grade 6 Watch Grade 7 Substandard Grade 8 Doubtful Total Construction/Land Development $ - $ 4 $ 11,112 $ 42,684 $ 13,116 $ 1,213 $ 542 $ - $ 68,671 Farmland 155 269 11,373 38,051 22,069 947 1,458 - 74,322 Real Estate - 553 27,003 86,269 28,560 6,950 3,946 - 153,281 Multi-Family - - 963 5,116 3,430 113 - - 9,622 Commercial Real Estate - 3,097 55,662 72,779 41,749 13,878 7,998 - 195,163 Home Equity – closed end - 48 1,065 2,560 639 382 13 - 4,707 Home Equity – open end 27 1,272 18,671 23,207 2,091 1,611 49 - 46,928 Commercial & Industrial - Non-Real Estate 10 516 12,934 26,310 15,613 911 331 - 56,625 Consumer (excluding dealer) 33 286 2,965 3,105 68 16 15 - 6,488 Gross loans $ 225 $ 6,045 $ 141,748 $ 300,081 $ 127,335 $ 26,021 $ 14,352 $ - $ 615,807 Less: Unamortized net deferred loan fees (570 ) Total $ 615,237 Credit Cards Dealer Finance Performing $ 3,240 $ 124,910 Nonperforming 2 215 Total $ 3,242 $ 125,125
Summary Of analysis of collateral-dependent loans	June 30, 2023 Real Estate Business/Other Assets 1-4 Family residential construction $ - $ - Other construction, land development and land 520 - Secured by farmland - - Home equity – open end - - Real estate - - Home Equity – closed end - - Multifamily - - Owner-occupied commercial real estate - - Other commercial real estate - - Agricultural loans - - Commercial and industrial - - Credit Cards - - Automobile loans - - Other consumer loans - - Municipal loans - - Total loans $ 520 $ -
Summary Of Allowance for Credit Losses	December 31, 2022 Adjustment for adoption of ASU 2016-13 Charge-offs Recoveries Provision for loan & leases credit losses June 30, 2023 1-4 Family residential construction $ 324 $ 109 $ 70 $ 1 $ 121 $ 485 Other construction, land development and land 694 602 - - 78 1,374 Secured by farmland 571 311 - - 9 891 Home equity – open end 446 (189 ) - - - 257 Real estate 1,389 (184 ) 19 - 74 1,260 Home Equity – closed end 39 96 - - 22 157 Multifamily 71 182 - - (57 ) 196 Owner-occupied commercial real estate 992 280 - - (35 ) 1,237 Other commercial real estate 1,023 (582 ) - - (3 ) 438 Agricultural loans 80 (58 ) - - - 22 Commercial and industrial 368 338 2 1 37 742 Credit Cards 68 26 18 7 5 88 Automobile loans 1,790 (257 ) 821 406 337 1,455 Other consumer loans 81 103 23 27 (21 ) 167 Municipal loans - - - - - - Total loans $ 7,936 $ 777 $ 953 $ 442 $ 567 $ 8,769 June 30, 2022 Beginning Balance Charge-offs Recoveries Provision Ending Balance Individually Evaluated for Impairment Collectively Evaluated for Impairment Allowance for loan losses: Construction/Land Development $ 977 $ - $ - $ (97 ) $ 880 $ - $ 880 Farmland 448 - - 71 519 - 519 Real Estate 1,162 17 - (14 ) 1,131 34 1,097 Multi-Family 29 - - 25 54 - 54 Commercial Real Estate 2,205 - - 98 2,303 446 1,857 Home Equity – closed end 41 - - (2 ) 39 - 39 Home Equity – open end 407 - 130 (162 ) 375 - 375 Commercial & Industrial – Non-Real Estate 288 36 32 100 384 - 384 Consumer 520 24 14 (148 ) 362 - 362 Dealer Finance 1,601 523 337 272 1,687 3 1,684 Credit Cards 70 21 8 7 64 - 64 Total $ 7,748 $ 621 $ 521 $ 150 $ 7,798 $ 483 $ 7,315
Summary Of segregated loan portfolio segment	June 30, 2023 Loan Balances Allowance for Credit Losses - Loans Loans Individually Evaluated Loans Collectively Evaluated Total Loans Individually Evaluated Loans Collectively Evaluated Total 1-4 Family residential construction $ - $ 32,280 $ 32,280 $ - $ 485 $ 485 Other construction, land development and land 520 42,907 43,427 226 1,148 1,374 Secured by farmland - 75,119 75,119 - 891 891 Home equity – open end - 46,380 46,380 - 257 257 Real estate - 169,955 169,955 - 1,260 1,260 Home Equity – closed end - 5,305 5,305 - 157 157 Multifamily - 7,963 7,963 - 196 196 Owner-occupied commercial real estate - 91,387 91,387 - 1,237 1,237 Other commercial real estate - 102,707 102,707 - 438 438 Agricultural loans - 11,947 11,947 - 22 22 Commercial and industrial - 44,802 44,802 - 742 742 Credit Cards - 3,209 3,209 - 88 88 Automobile loans - 120,871 120,871 - 1,455 1,455 Other consumer loans - 15,488 15,488 - 167 167 Municipal loans - 6,027 6,027 - - - Total loans $ 520 $ 776,347 $ 776,867 $ 226 $ 8,543 $ 8,769 December 31, 2022 Loan Receivable Individually Evaluated for Impairment Collectively Evaluated for Impairment Construction/Land Development $ 68,671 $ 853 $ 67,818 Farmland 74,322 2,079 72,243 Real Estate 153,281 3,260 150,021 Multi-Family 9,622 - 9,622 Commercial Real Estate 195,163 9,111 186,052 Home Equity – closed end 4,707 - 4,707 Home Equity –open end 46,928 - 46,928 Commercial & Industrial – Non-Real Estate 56,625 - 56,625 Consumer 6,488 - 6,488 Dealer Finance 125,125 62 125,063 Credit Cards 3,242 - 3,242 Gross Loans 744,174 15,365 728,809 Less: Unamortized net deferred loan fees (570 ) - (570 ) Total $ 743,604 $ 15,365 $ 728,239
Summary Of impairment class of loans	December 31, 2022 Unpaid Average Recorded Principal Related Recorded Investment(1) Balance Allowance Investment Impaired loans with no related allowance recorded: Construction/Land Development $ 332 $ 332 $ - $ 474 Farmland 2,535 2,079 - 2,137 Real Estate 1,882 1,882 - 2,107 Multi-Family - - - - Commercial Real Estate 8,131 8,131 - 8,851 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 7 7 - 11 12,887 12,431 - 13,580 Impaired loans with an allowance recorded: Construction/Land Development 521 521 228 261 Farmland - - - - Real Estate 1,378 1,378 92 1,466 Multi-Family - - - - Commercial Real Estate 980 980 11 1,935 Home Equity – closed end - - - - Home Equity – open end - - - - Commercial & Industrial – Non-Real Estate - - - - Consumer - - - - Credit cards - - - - Dealer Finance 55 55 13 62 2,934 2,934 344 3,724 Total impaired loans $ 15,821 $ 15,365 $ 344 $ 17,304 Six Months Ended June 30, 2022 Average Recorded Interest Income Investment Recognized Impaired loans with no related allowance recorded: Construction/Land Development $ 601 $ 10 Farmland 2,268 80 Real Estate 2,654 65 Multi-Family - - Commercial Real Estate 8,291 155 Home Equity – closed end 81 - Home Equity – open end - - Commercial & Industrial – Non-Real Estate - - Consumer - - Credit Cards - - Dealer Finance 14 1 13,909 311 Impaired loans with an allowance recorded: Construction/Land Development $ - $ - Farmland - - Real Estate 1,363 34 Multi-Family - - Commercial Real Estate 4,281 67 Home Equity – closed end - - Home Equity – open end - - Commercial & Industrial – Non-Real Estate - - Consumer - - Credit Card - - Dealer Finance 90 4 5,734 105 Total Impaired Loans $ 19,643 $ 416
Schedule Of modified to borrowers experiencing	Term Extension Amortized Cost Weighted Average Term Extension (Months) Automobile loans $ 23 3 Total loans $ 23 3 Payment Status (Amortized Cost Basis) Current 30-89 Days Past Due 90+ Days Past Due 1-4 Family residential construction $ - $ - $ - Other construction, land development and land - - - Secured by farmland - - - Home equity – open end - - - Real estate 160 17 - Home Equity – closed end - - - Multifamily - - - Owner-occupied commercial real estate - - - Other commercial real estate - - - Agricultural loans - - - Commercial and industrial - - - Credit Cards - - - Automobile loans 44 - - Other consumer loans - - - Municipal loans - - - Total loans $ 204 $ 17 $ -
Schedule Of TDRS modified to borrowers experiencing	December 31, 2022 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Extended maturity 3 $ 44 $ 44 Change in terms 1 162 162 Total 4 $ 206 $ 206
Summary Of balance and activity in the allowance for credit losses	Total Allowance for Credit Losses – Unfunded Commitments Balance, December 31, 2022 $ - Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13 747 Recovery of credit losses (28 ) Balance, June 30, 2023 $ 719

Employee Benefit Plan (Tables)

Employee Benefit Plan (Tables)	6 Months Ended
	Jun. 30, 2023
Employee Benefit Plan
Schedule Of Employee Benefit Plan	Three Months Ended Six Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Service cost $ - $ 190 $ - $ 380 Interest cost 92 104 184 208 Expected return on plan assets (130 ) - (260 ) - Amortization of prior service cost - (195 ) - (390 ) Amortization of net loss - 58 - 116 Net periodic pension cost $ (38 ) $ 157 $ (76 ) $ 314

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2023
Fair Value
Schedule Of Assets And Liabilities At Fair Value On Recurring Basis	Fair Value Measurements Using: Balance at June 30, 2023 Level 1 Level 2 Level 3 Assets: Loans held for sale, F&M Mortgage $ 881 $ - $ 881 $ - U.S. Treasury 37,053 - 37,053 - U.S. Agency 131,582 - 131,582 - Municipal bonds 38,986 - 38,986 - Mortgage-backed securities 150,939 - 150,939 - Corporate 26,091 - 26,091 - IRLC 129 - 129 - Forward Sales Commitments 29 - 29 - Assets at Fair Value $ 385,690 $ - $ 385,690 $ - Fair Value Measurements Using: Balance at December 31, 2022 Level 1 Level 2 Level 3 Assets: Loans held for sale, F&M Mortgage $ 1,373 $ - $ 1,373 $ - U.S. Treasury 36,643 - 36,643 - U.S. Agency 129,748 - 129,748 - Municipal bonds 42,198 - 42,198 - Mortgage-backed securities 156,875 - 156,875 - Corporate 26,631 - 26,631 - Forward sales commitments 186 - 186 - Assets at Fair Value $ 393,654 $ - $ 393,654 $ - Liabilities: IRLC $ 92 $ - $ 92 $ - Liabilities at Fair Value $ 92 $ - $ 92 $ -
Summarizes Measured At Fair Value On A Nonrecurring Basis	Fair Value Measurements Using: Collateral dependent loans with an ACL Balance at June 30, 2023 Level 1 Level 2 Level 3 Other construction, land development and land $ 294 $ - $ - $ 294 Total collateral dependent loans with an ACL $ 294 $ - $ - $ 294 Fair Value Measurements Using: Impaired Loans Balance at December 31, 2022 Level 1 Level 2 Level 3 Construction/Land Development $ 293 $ - $ - $ 293 Real Estate 1,286 - - 1,286 Commercial Real Estate 969 - - 969 Dealer Finance 42 - - 42 Total Impaired loans $ 2,590 $ - $ - $ 2,590
Schedule Fair Value Measurements Level 3	Fair Value at June 30, 2023 Valuation Technique Significant Unobservable Inputs Range Collateral Dependent Loans $ 294 thousand Discounted appraised value Discount for selling costs and marketability 62% Fair Value at December 31, 2022 Valuation Technique Significant Unobservable Inputs Range Impaired Loans $ 2,590 thousand Discounted appraised value Discount for selling costs and marketability 10.00%-33.00% (Average 19.00%)

Disclosures About Fair Value _2

Disclosures About Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Disclosures about Fair Value of Financial Instruments
Schedule Of Carrying Value And Estimated Fair Value For Financial Instruments	Fair Value Measurements at June 30, 2023 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at June 30, 2023 Assets: Cash and cash equivalents $ 36,505 $ 36,505 $ - $ - $ 36,505 Securities available for sale 384,651 - 384,651 - 384,651 Securities held to maturity 125 - 115 - 115 Loans held for sale 881 - 881 - 881 Loans held for investment, net 776,260 - - 749,716 749,716 Interest receivable 4,280 - 4,280 - 4,280 Bank owned life insurance 22,538 - 22,538 - 22,538 IRLC 129 - 129 - 129 Forward sales commitments 29 - 29 - 29 Total $ 1,225,398 $ 36,505 $ 412,633 $ 749,716 $ 1,198,854 Liabilities: Deposits $ 1,137,112 $ - $ 1,133,639 $ - $ 1,133,639 Short-term debt 47,000 - - 47,000 47,000 Long-term debt 6,911 - - 6,645 6,645 Interest payable 773 - 773 - 773 Total $ 1,191,796 $ - $ 1,134,412 $ 53,645 $ 1,188,057 Fair Value Measurements at December 31, 2022 Using Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value at December 31, 2022 Assets: Cash and cash equivalents $ 34,953 $ 34,953 $ - $ - $ 34,953 Securities 392,220 - 392,220 - 392,220 Loans held for sale 1,373 - 1,373 - 1,373 Loans held for investment, net 743,604 - - 720,806 720,806 Interest receivable 3,995 - 3,995 - 3,995 Bank owned life insurance 23,554 - 23,554 - 23,554 Forward sales commitments 186 - 186 - 186 Total $ 1,199,885 $ 34,953 $ 421,328 $ 720,806 $ 1,177,087 Liabilities: Deposits $ 1,083,377 $ - $ 1,080,909 $ - $ 1,080,909 Short-term debt 70,000 - - 70,000 70,000 Long-term debt 6,890 - - 6,778 6,778 IRLC 92 - 92 - 92 Interest payable 295 - 295 - 295 Total $ 1,160,654 $ - $ 1,081,296 $ 76,778 $ 1,158,074

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2023
Accumulated Other Comprehensive Loss
Schedule Of Accumulated Other Comprehensive Loss	For the three months ended June 30, 2023 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at March 31, 2023 $ (37,735 ) $ 439 $ (37,296 ) Change in unrealized securities gains (losses), net of tax benefit of $19 71 - 71 Balance at June 30, 2023 $ (37,664 ) $ 439 $ (37,225 ) For the three months ended June 30, 2022 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at March 31, 2022 $ (16,060 ) $ (3,291 ) $ (19,351 ) Change in unrealized securities gains (losses), net of tax benefit of $4,512 (16,972 ) - (16,972 ) Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $20 (77 ) - (77 ) Balance at June 30, 2022 $ (33,109 ) $ (3,291 ) $ (36,400 ) For the six months ended June 30, 2023 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at December 31, 2022 $ (40,451 ) $ 439 $ (40,012 ) Change in unrealized securities gains, net of tax expense of $742 2,787 - 2,787 Balance at June 30, 2023 $ (37,664 ) $ 439 $ (37,225 ) For the six months ended June 30, 2022 Unrealized Securities Gains (Losses) Adjustments Related to Pension Plan Accumulated Other Comprehensive Loss Balance at December 31, 2021 $ (1,801 ) $ (3,291 ) $ (5,092 ) Change in unrealized securities losses, net of tax benefit of $8,302 (31,231 ) - (31,231 ) Reclassification for previously unrealized net losses recognized in net income, net of tax benefit of $20 (77 ) - (77 ) Balance at June 30, 2022 $ (33,109 ) $ (3,291 ) $ (36,400 )

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue Recognition
Summary Of Noninterest Income, Segregated By Revenue Streams	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Noninterest Income In-scope of Topic 606: Service Charges on Deposits $ 274 $ 274 $ 499 $ 581 Investment Services and Insurance Income 355 453 862 704 Title Insurance Income 377 366 625 839 ATM and check card fees 672 632 1,299 1,195 Other 286 242 360 399 Noninterest Income (in-scope of Topic 606) 1,964 1,967 3,645 3,718 Noninterest Income (out-of-scope of Topic 606) 788 1,110 1,473 1,842 Total Noninterest Income $ 2,752 $ 3,077 $ 5,118 $ 5,560

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases
Schedule Of Leases And Liabilities Measurement	June 30, 2023 Lease Liabilities $ 811 Right-of-use assets $ 795 Weighted average remaining lease term (years) 2.02 years Weighted average discount rate 3.29 % For the Three Months Ended For the Six Months Ended June 30, June 30, 2023 2022 2023 2022 Operating lease cost $ 43 $ 47 $ 83 $ 94 Total lease cost $ 43 $ 47 $ 83 $ 94 Cash paid for amounts included in the measurement of lease liabilities $ 47 $ 53 $ 105 $ 105
Schedule Of Operating Lease Liabilities And Reconciliation	June 30, 2023 Six months ending December 31, 2023 $ 82 Twelve months ending December 31, 2024 166 Twelve months ending December 31, 2025 122 Twelve months ending December 31, 2026 69 Twelve months ending December 31, 2027 56 Thereafter 462 Total undiscounted cash flows $ 957 Discount 146 Lease liabilities $ 811

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jan. 31, 2023
Summary of Significant Accounting Policies
Increase in the allowance for credit losses on loans	$ 777
Increase in allowance for credit losses on unfunded loan commitments	747
Net decrease to retained earnings		$ 1,200
Accrued interest receivable on available for sale debt securities	1,500
Accrued interest receivable related to loans	$ 2,800

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair value	$ 115	$ 112
Held to maturity, net	125	125
U S Treasuries [Member]
Fair value	115	112
Gross unrealized Gains	0	0
Gross unrealized Losses	10	13
Held to maturity, net	$ 125	$ 125

Investment Securities (Details

Investment Securities (Details 1) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost	$ 432,327,000	$ 443,300,000
Unrealized Gains	261,000	104,000
Unrealized Losses	47,937,000	51,309,000
Fair Value	384,651,000	392,095,000
U S Treasuries [Member]
Amortized Cost	39,913,000	39,902,000
Unrealized Gains	1,000	0
Unrealized Losses	2,861,000	3,259,000
Fair Value	37,053,000	36,643,000
U.S. Agency [Member]
Amortized Cost	143,480,000	143,473,000
Unrealized Gains	1,000	0
Unrealized Losses	11,899,000	13,725,000
Fair Value	131,582,000	129,748,000
Municipal bonds [Member]
Amortized Cost	42,423,000	46,331,000
Unrealized Gains	72,000	27,000
Unrealized Losses	3,509,000	4,160,000
Fair Value	38,986,000	42,198,000
Mortgage-backed securities [Member]
Amortized Cost	175,961,000	183,044,000
Unrealized Gains	187,000	77,000
Unrealized Losses	25,209,000	26,246,000
Fair Value	150,939,000	156,875,000
Corporate [Member]
Amortized Cost	30,550,000	30,550,000
Unrealized Gains	0	0
Unrealized Losses	4,459,000	3,919,000
Fair Value	$ 26,091,000	$ 26,631,000

Investment Securities (Detail_2

Investment Securities (Details 2) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total, Amortized Cost	$ 125,000	$ 125,000
Total Fair Value	115,000	$ 112,000
Securities Held to Maturity [Member]
Due in one year or less, Amortized Cost	125,000
Due in one year or less, Fair Value	115,000
Due after one year through five years, Amortized Cost	0
Due after one year through five years, Fair Value	0
Due after five years, Amortized Cost	0
Due after five years, Fair Value	0
Due After Ten Years, Amortized Cost	0
Due After Ten Years, Fair Value	0
Total, Amortized Cost	125,000
Total Fair Value	115,000
Securities Available for Sale [Member]
Due in one year or less, Amortized Cost	25,998,000
Due in one year or less, Fair Value	25,322,000
Due after one year through five years, Amortized Cost	181,873,000
Due after one year through five years, Fair Value	167,303,000
Due after five years, Amortized Cost	77,994,000
Due after five years, Fair Value	67,145,000
Due After Ten Years, Amortized Cost	146,462,000
Due After Ten Years, Fair Value	124,881,000
Total, Amortized Cost	432,327,000
Total Fair Value	$ 384,651,000

Investment Securities (Detail_3

Investment Securities (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Investment Securities
Gross realized losses	$ 0	$ (97)	$ 0	$ (97)
Gross realized gains	0	0	0	0
Net realized (losses)	0	(97)	0	(97)
Proceeds from sale of securities	$ 0	$ 8,699	$ 0	$ 8,699

Investment Securities (Detail_4

Investment Securities (Details 4) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Fair Value Less Than 12 Months	$ 7,272,000	$ 94,451,000
Unrealized Losses Less Than 12 Months	905,000	7,498,000
Fair Value More Than 12 Months	367,839,000	291,803,000
Unrealized Losses More Than 12 Months	47,032,000	43,811,000
Fair Value Total	375,111,000	386,254,000
Unrealized Losses Total	47,937,000	51,309,000
U.S. Agency [Member]
Fair Value Less Than 12 Months	0	13,914,000
Unrealized Losses Less Than 12 Months	0	1,083,000
Fair Value More Than 12 Months	131,582,000	115,835,000
Unrealized Losses More Than 12 Months	11,899,000	12,642,000
Fair Value Total	131,582,000	129,749,000
Unrealized Losses Total	11,899,000	13,725,000
Municipal bonds [Member]
Fair Value Less Than 12 Months	0	21,805,000
Unrealized Losses Less Than 12 Months	0	1,426,000
Fair Value More Than 12 Months	33,382,000	18,710,000
Unrealized Losses More Than 12 Months	3,509,000	2,734,000
Fair Value Total	33,382,000	40,515,000
Unrealized Losses Total	3,509,000	4,160,000
Mortgage-backed securities [Member]
Fair Value Less Than 12 Months	1,470,000	32,823,000
Unrealized Losses Less Than 12 Months	7,000	2,429,000
Fair Value More Than 12 Months	145,533,000	119,892,000
Unrealized Losses More Than 12 Months	25,202,000	23,817,000
Fair Value Total	147,003,000	152,715,000
Unrealized Losses Total	25,209,000	26,246,000
Corporate [Member]
Fair Value Less Than 12 Months	5,802,000	16,252,000
Unrealized Losses Less Than 12 Months	898,000	2,198,000
Fair Value More Than 12 Months	20,289,000	10,379,000
Unrealized Losses More Than 12 Months	3,561,000	1,721,000
Fair Value Total	26,091,000	26,631,000
Unrealized Losses Total	4,459,000	3,919,000
U.S. Treasury [Member]
Fair Value Less Than 12 Months	0	9,657,000
Unrealized Losses Less Than 12 Months	0	362,000
Fair Value More Than 12 Months	37,053,000	26,987,000
Unrealized Losses More Than 12 Months	2,861,000	2,897,000
Fair Value Total	37,053,000	36,644,000
Unrealized Losses Total	$ 2,861,000	$ 3,259,000

Investment Securities (Detail_5

Investment Securities (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Other Investments	$ 10,092	$ 11,317
Federal Home Loan Bank [Member]
Other Investments	1,950
Stock	2,640
Three low-income housing limited partnerships [Member]
Other Investments	657
Twelve Low-Income housing [Member]
Other Investments	5,500
Federal Reserve Discount Window Bank Term Funding Program [Member]
Pledged securities value	225,400
Securities market value	$ 197,400

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Gross loans	$ 776,867	$ 744,174
Less: Deferred loan fess, net of costs	(607)	(570)
Less allowance for credit losses	8,769	7,936
Loans outstanding	767,491	735,668
Multi-Family [Member]
Loans outstanding	7,963	9,622
Real Estate [Member]
Loans outstanding	169,955	153,281
Other commercial real estate [Member]
Loans outstanding	102,707
Commercial and industrial [Member]
Loans outstanding	44,802
Credit Cards [Member]
Loans outstanding	3,209	3,242
Farmland [Member]
Loans outstanding	75,119	74,322
Home Equity - Open End [Member]
Loans outstanding	46,380	46,928
Home Equity - Closed End [Member]
Loans outstanding	5,305	4,707
Agricultural loans [Member]
Loans outstanding	11,947
Automobile loans [Member]
Loans outstanding	120,871
Other consumer loans [Member]
Loans outstanding	15,488
Municipal loans [Member]
Loans outstanding	6,027
Consumer [Member]
Loans outstanding		6,488
Dealers Finance [Member]
Loans outstanding		125,125
Construction/Land Developments [Member]
Loans outstanding	43,427	68,671
1-4 Family residential construction [Member]
Loans outstanding	32,280
Owner-occupied Commercial Real Estate [Member]
Loans outstanding	$ 91,387
Commercial Real Estate [Member]
Loans outstanding		195,163
Commercial & Industrial - Non- Real Estate [Member]
Loans outstanding		$ 56,625

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses (Details 1) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Less: Deferred aoan fees, net of costs, 30-59 days past due	$ 0	$ 0
Less: Deferred Loan fees, net of costs,Current	0	0
Gross loans, net of costs, 30-59 days past due	3,655,000
Less: Deferred aoan fees, net of costs, 60-89 days past due	0	0
Gross loans, net of costs, 60-89 days past due	1,143,000
Less: Deferred aoan fees, net of costs, greater than 90 days	0	0
Gross loans, net of costs, greater than 90 days	29,000
Less: Deferred loan fees, net of costs, non accruel loans	1,968,000
Gross loans, net of costs, non accruel loans	770,072,000
Less: Deferred aoan fees, net of costs, current	607,000	570,000
Less: Deferred loan fees, net of costs, total loan receivable	607,000	570,000
Gross loans, net of costs, total loan receivable	776,867,000
Commercial Real Estate [Member]
Non-Accrual Loans		0
Current		194,847,000
Total Loan Receivable		195,163,000
30-59 Days Past Due		234,000
60-89 Days Past Due		82,000
Greater than 90 Days		0
Commercial & Industrial - Non- Real Estate [Member]
Non-Accrual Loans		101,000
Current		56,389,000
Total Loan Receivable		56,625,000
30-59 Days Past Due		104,000
60-89 Days Past Due		0
Greater than 90 Days		31,000
Total [Member]
30-59 Days Past due	3,655,000	4,274,000
60-89 Days Past due	1,143,000	1,287,000
Greater than 90 Days	29,000	38,000
Non-Accrual Loans	1,968,000	2,224,000
Current	769,465,000	735,781,000
Total Loan Receivable	776,260,000	743,604,000
Multi-Family [Member]
Non-Accrual Loans	0	0
Current	7,963,000	9,622,000
Total Loan Receivable	7,963,000	9,622,000
30-59 Days Past Due	0	0
60-89 Days Past Due	0	0
Greater than 90 Days	0	0
Construction/Land Development Other [Member]
Non-Accrual Loans	30,000
Current	42,713,000
Total Loan Receivable	43,427,000
30-59 Days Past Due	164,000
60-89 Days Past Due	520,000
Greater than 90 Days	0
Real Estate [Member]
Non-Accrual Loans	340,000	419,000
Current	168,370,000	150,829,000
Total Loan Receivable	169,955,000	153,281,000
30-59 Days Past Due	999,000	1,807,000
60-89 Days Past Due	246,000	226,000
Greater than 90 Days	0	0
Other commercial real estate [Member]
Non-Accrual Loans	0
Current	101,719,000
Total Loan Receivable	102,707,000
30-59 Days Past Due	923,000
60-89 Days Past Due	65,000
Greater than 90 Days	0
Commercial and industrial [Member]
Non-Accrual Loans	90,000
Current	44,569,000
Total Loan Receivable	44,802,000
30-59 Days Past Due	116,000
60-89 Days Past Due	0
Greater than 90 Days	27,000
Credit Cards [Member]
Non-Accrual Loans	0	0
Current	3,180,000	3,180,000
Total Loan Receivable	3,209,000	3,242,000
30-59 Days Past Due	18,000	51,000
60-89 Days Past Due	9,000	9,000
Greater than 90 Days	2,000	2,000
1-4 Family residential construction [Member]
Non-Accrual Loans	0
Current	31,840,000
Total Loan Receivable	32,280,000
30-59 Days Past Due	440,000
60-89 Days Past Due	0
Greater than 90 Days	0
Owner-occupied [Member]
Non-Accrual Loans	0
Current	91,387,000
Total Loan Receivable	91,387,000
30-59 Days Past Due	171,000
60-89 Days Past Due	0
Greater than 90 Days	0
Farmland [Member]
Non-Accrual Loans	986,000	1,458,000
Current	74,133,000	72,761,000
Total Loan Receivable	75,119,000	74,322,000
30-59 Days Past Due	0	85,000
60-89 Days Past Due	0	18,000
Greater than 90 Days	0	0
Agricultural loans [Member]
Non-Accrual Loans	88,000
Current	11,859,000
Total Loan Receivable	11,947,000
30-59 Days Past Due	0
60-89 Days Past Due	0
Greater than 90 Days	0
Automobile loans [Member]
Non-Accrual Loans	200,000
Current	119,724,000
Total Loan Receivable	120,871,000
30-59 Days Past Due	647,000
60-89 Days Past Due	300,000
Greater than 90 Days	0
Other consumer loans [Member]
Non-Accrual Loans	6,000
Current	15,371,000
Total Loan Receivable	15,488,000
30-59 Days Past Due	108,000
60-89 Days Past Due	3,000
Greater than 90 Days	0
Municipal loans [Member]
Non-Accrual Loans	0
Current	6,027,000
Total Loan Receivable	6,027,000
30-59 Days Past Due	0
60-89 Days Past Due	0
Greater than 90 Days	0
Consumer [Member]
Non-Accrual Loans		15,000
Current		6,451,000
Total Loan Receivable		6,488,000
30-59 Days Past Due		11,000
60-89 Days Past Due		11,000
Greater than 90 Days		0
Dealers Finance [Member]
Non-Accrual Loans		210,000
Current		123,568,000
Total Loan Receivable		125,125,000
30-59 Days Past Due		1,117,000
60-89 Days Past Due		225,000
Greater than 90 Days		5,000
Home Equity Open End [Member]
Non-Accrual Loans	228,000	0
Current	45,912,000	46,366,000
Total Loan Receivable	46,380,000	46,928,000
30-59 Days Past Due	240,000	385,000
60-89 Days Past Due	0	177,000
Greater than 90 Days	0	0
Home Equity - Close End [Member]
Non-Accrual Loans	0	0
Current	5,305,000	4,704,000
Total Loan Receivable	5,305,000	4,707,000
30-59 Days Past Due	0	3,000
60-89 Days Past Due	0	0
Greater than 90 Days	$ 0	0
Construction/Land [Member]
Non-Accrual Loans		21,000
Current		67,634,000
Total Loan Receivable		68,671,000
30-59 Days Past Due		477,000
60-89 Days Past Due		539,000
Greater than 90 Days		$ 0

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses (Details 2) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Total [Member]
Nonaccrual loans with No Allowance	$ 1,968,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	1,968,000	$ 2,224,000
Owner-occupied commercial real estateCommercial Real Estate [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Other Commercial Real Estate [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Multi-Family [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Real Estate [Member]
Nonaccrual loans with No Allowance	340,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	340,000	419,000
Credit Cards [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
1-4 Family residential construction [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Farmland [Member]
Nonaccrual loans with No Allowance	986,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	986,000	1,458,000
Agricultural loans [Member]
Nonaccrual loans with No Allowance	88,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	88,000	88,000
Automobile loans [Member]
Nonaccrual loans with No Allowance	200,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	200,000	210,000
Municipal loans [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Home Equity Open End [Member]
Nonaccrual loans with No Allowance	228,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	228,000	0
Home Equity - Close End [Member]
Nonaccrual loans with No Allowance	0
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	0	0
Other construction, land development and land [Member]
Nonaccrual loans with No Allowance	30,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	30,000	21,000
Commercial & Industrial [Member]
Nonaccrual loans with No Allowance	90,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	90,000	13,000
Other consumer loans [Member]
Nonaccrual loans with No Allowance	6,000
Nonaccrual Loans with an Allowance	0
Non-Accrual Loans	$ 6,000	$ 15,000

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses (Details 3) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023
Total [Member]
Accrued interest receivables	$ 2,000	$ 4,000
Owner-occupied commercial real estateCommercial Real Estate [Member]
Accrued interest receivables	0	0
Other Commercial Real Estate [Member]
Accrued interest receivables	0	0
Multi-Family [Member]
Accrued interest receivables	0	0
Real Estate [Member]
Accrued interest receivables	0	0
Credit Cards [Member]
Accrued interest receivables	0	0
1-4 Family residential construction [Member]
Accrued interest receivables	0	0
Farmland [Member]
Accrued interest receivables	0	0
Agricultural loans [Member]
Accrued interest receivables	0	0
Automobile loans [Member]
Accrued interest receivables	1,000	3,000
Municipal loans [Member]
Accrued interest receivables	0	0
Home Equity Open End [Member]
Accrued interest receivables	1,000	1,000
Home Equity - Close End [Member]
Accrued interest receivables	0	0
Other construction, land development and land [Member]
Accrued interest receivables	0	0
Commercial & Industrial [Member]
Accrued interest receivables	0	0
Other consumer loans [Member]
Accrued interest receivables	$ 0	$ 0

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses (Details 4)	Jun. 30, 2023 USD ($)
Less: Unamortized net deferred loan fees	$ (607,000)
Loans held for investment	776,260,000
Total [Member]
2023	80,542,000
2022	178,637,000
2021	106,320,000
2020	72,683,000
2019	35,084,000
Prior	160,428,000
Revolving	143,173,000
Total	776,867,000
Total [Member] | Current Period Gross Write Offs Member [Member]
2023	35,000
2022	386,000
2021	352,000
2020	89,000
2019	32,000
Prior	41,000
Revolving	18,000
Total	953,000
1-4 Family residential construction [Member] | Current Period Gross Write Offs Member [Member]
2023	0
2022	70,000
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	70,000
Multi-Family [Member]
2023	0
2022	2,749,000
2021	1,431,000
2020	926,000
2019	0
Prior	1,720,000
Revolving	1,137,000
Total	7,963,000
Multi-Family [Member] | Pass [Member]
2023	0
2022	2,749,000
2021	1,431,000
2020	926,000
2019	0
Prior	1,616,000
Revolving	1,137,000
Total	7,859,000
Multi-Family [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	104,000
Revolving	0
Total	104,000
Multi-Family [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	0
Real Estate [Member]
2023	24,258,000
2022	42,310,000
2021	16,206,000
2020	12,915,000
2019	8,175,000
Prior	66,091,000
Revolving	0
Total	169,955,000
Real Estate [Member] | Pass [Member]
2023	24,258,000
2022	42,310,000
2021	15,661,000
2020	12,410,000
2019	6,793,000
Prior	58,008,000
Revolving	0
Total	159,440,000
Real Estate [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	505,000
2019	156,000
Prior	5,892,000
Revolving	0
Total	6,553,000
Real Estate [Member] | Current Period Gross Write Offs Member [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	19,000
Revolving	0
Total	19,000
Real Estate [Member] | Substandard [Member]
2023	0
2022	0
2021	545,000
2020	0
2019	1,226,000
Prior	2,191,000
Revolving	0
Total	3,962,000
Other commercial real estate [Member]
2023	2,930,000
2022	30,265,000
2021	13,034,000
2020	5,127,000
2019	3,875,000
Prior	44,552,000
Revolving	2,924,000
Total	102,707,000
Other commercial real estate [Member] | Pass [Member]
2023	2,930,000
2022	30,265,000
2021	13,034,000
2020	5,127,000
2019	3,875,000
Prior	32,581,000
Revolving	2,924,000
Total	90,736,000
Other commercial real estate [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	11,884,000
Revolving	0
Total	11,884,000
Other commercial real estate [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	87,000
Revolving	0
Total	87,000
Commercial and industrial [Member]
2023	3,493,000
2022	9,454,000
2021	6,901,000
2020	2,180,000
2019	963,000
Prior	495,000
Revolving	21,316,000
Total	44,802,000
Commercial and industrial [Member] | Pass [Member]
2023	3,493,000
2022	9,454,000
2021	6,193,000
2020	2,153,000
2019	963,000
Prior	492,000
Revolving	18,845,000
Total	41,593,000
Commercial and industrial [Member] | Watch [Member]
2023	0
2022	0
2021	62,000
2020	0
2019	0
Prior	0
Revolving	2,471,000
Total	2,533,000
Commercial and industrial [Member] | Substandard [Member]
2023	0
2022	0
2021	646,000
2020	27,000
2019	0
Prior	3,000
Revolving	0
Total	676,000
Credit Cards [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	3,209,000
Total	3,209,000
Credit Cards [Member] | Pass [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	3,207,000
Total	3,207,000
Credit Cards [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	0
Credit Cards [Member] | Current Period Gross Write Offs Member [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	18,000
Total	18,000
Credit Cards [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	2,000
Total	2,000
1-4 Family residential construction [Member]
2023	642,000
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	31,638,000
Total	32,280,000
1-4 Family residential construction [Member] | Pass [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	30,695,000
Total	30,695,000
1-4 Family residential construction [Member] | Watch [Member]
2023	642,000
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	503,000
Total	1,145,000
1-4 Family residential construction [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	440,000
Total	440,000
Owner-occupied [Member]
2023	1,413,000
2022	18,493,000
2021	18,655,000
2020	7,307,000
2019	10,087,000
Prior	27,386,000
Revolving	8,046,000
Total	91,387,000
Owner-occupied [Member] | Pass [Member]
2023	1,413,000
2022	18,493,000
2021	18,655,000
2020	7,307,000
2019	3,685,000
Prior	24,061,000
Revolving	4,748,000
Total	78,362,000
Owner-occupied [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	41,000
Prior	2,121,000
Revolving	0
Total	2,162,000
Owner-occupied [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	6,361,000
Prior	1,204,000
Revolving	3,298,000
Total	10,863,000
Construction/Land [Member] | Pass [Member]
2023	4,159,000
2022	4,667,000
2021	5,997,000
2020	1,889,000
2019	2,931,000
Prior	5,186,000
Revolving	17,562,000
Total	42,391,000
Construction/Land [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	265,000
Revolving	221,000
Total	486,000
Construction/Land [Member] | Substandard [Member]
2023	0
2022	520,000
2021	0
2020	0
2019	0
Prior	30,000
Revolving	0
Total	550,000
Automobile loans [Member] | Pass [Member]
2023	34,245,000
2022	46,209,000
2021	24,450,000
2020	10,283,000
2019	3,447,000
Prior	1,495,000
Revolving	0
Total	120,129,000
Automobile loans [Member] | Watch [Member]
2023	31,000
2022	205,000
2021	80,000
2020	80,000
2019	47,000
Prior	62,000
Revolving	0
Total	505,000
Automobile loans [Member] | Current Period Gross Write Offs Member [Member]
2023	35,000
2022	300,000
2021	88,000
2020	88,000
2019	29,000
Prior	18,000
Revolving	0
Total	821,000
Automobile loans [Member] | Substandard [Member]
2023	0
2022	86,000
2021	105,000
2020	30,000
2019	5,000
Prior	11,000
Revolving	0
Total	237,000
Farmland [Member]
2023	2,055,000
2022	13,699,000
2021	14,639,000
2020	27,916,000
2019	3,355,000
Prior	8,306,000
Revolving	5,149,000
Total	75,119,000
Farmland [Member] | Pass [Member]
2023	2,055,000
2022	13,699,000
2021	14,321,000
2020	27,916,000
2019	2,556,000
Prior	6,739,000
Revolving	5,133,000
Total	72,419,000
Farmland [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	799,000
Prior	915,000
Revolving	0
Total	1,714,000
Farmland [Member] | Substandard [Member]
2023	0
2022	0
2021	318,000
2020	0
2019	0
Prior	652,000
Revolving	16,000
Total	986,000
Agricultural loans [Member]
2023	2,036,000
2022	2,928,000
2021	675,000
2020	530,000
2019	4,000
Prior	57,000
Revolving	5,717,000
Total	11,947,000
Agricultural loans [Member] | Pass [Member]
2023	2,036,000
2022	2,865,000
2021	661,000
2020	481,000
2019	4,000
Prior	57,000
Revolving	5,568,000
Total	11,672,000
Agricultural loans [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	38,000
2019	0
Prior	0
Revolving	149,000
Total	187,000
Agricultural loans [Member] | Substandard [Member]
2023	0
2022	63,000
2021	14,000
2020	11,000
2019	0
Prior	0
Revolving	0
Total	88,000
Automobile loans [Member]
2023	34,276,000
2022	46,500,000
2021	24,635,000
2020	10,393,000
2019	3,499,000
Prior	1,568,000
Revolving	0
Total	120,871,000
Other consumer loans [Member]
2023	3,830,000
2022	6,477,000
2021	3,000,000
2020	1,286,000
2019	444,000
Prior	64,000
Revolving	387,000
Total	15,488,000
Other consumer loans [Member] | Pass [Member]
2023	3,830,000
2022	6,466,000
2021	2,991,000
2020	1,286,000
2019	439,000
Prior	59,000
Revolving	386,000
Total	15,457,000
Other consumer loans [Member] | Watch [Member]
2023	0
2022	5,000
2021	9,000
2020	0
2019	5,000
Prior	5,000
Revolving	1,000
Total	25,000
Other consumer loans [Member] | Current Period Gross Write Offs Member [Member]
2023	0
2022	16,000
2021	1,000
2020	1,000
2019	3,000
Prior	2,000
Revolving	0
Total	23,000
Other consumer loans [Member] | Substandard [Member]
2023	0
2022	6,000
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	6,000
Municipal loans [Member]
2023	0
2022	175,000
2021	1,024,000
2020	1,128,000
2019	1,257,000
Prior	2,443,000
Revolving	0
Total	6,027,000
Municipal loans [Member] | Pass [Member]
2023	0
2022	175,000
2021	1,024,000
2020	1,128,000
2019	1,257,000
Prior	2,443,000
Revolving	0
Total	6,027,000
Municipal loans [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	0
Municipal loans [Member] | Current Period Gross Write Offs Member [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	0
Municipal loans [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	0
Total	0
Home Equity Open End [Member]
2023	370,000
2022	0
2021	0
2020	0
2019	0
Prior	143,000
Revolving	45,867,000
Total	46,380,000
Home Equity Open End [Member] | Pass [Member]
2023	370,000
2022	0
2021	0
2020	0
2019	0
Prior	143,000
Revolving	44,245,000
Total	44,758,000
Home Equity Open End [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	1,345,000
Total	1,345,000
Home Equity Open End [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	0
Revolving	277,000
Total	277,000
Home Equity - Close End [Member]
2023	1,080,000
2022	400,000
2021	123,000
2020	1,086,000
2019	494,000
Prior	2,122,000
Revolving	0
Total	5,305,000
Home Equity - Close End [Member] | Pass [Member]
2023	1,080,000
2022	400,000
2021	123,000
2020	1,086,000
2019	481,000
Prior	1,748,000
Revolving	0
Total	4,918,000
Home Equity - Close End [Member] | Watch [Member]
2023	0
2022	0
2021	0
2020	0
2019	0
Prior	374,000
Revolving	0
Total	374,000
Home Equity - Close End [Member] | Substandard [Member]
2023	0
2022	0
2021	0
2020	0
2019	13,000
Prior	0
Revolving	0
Total	13,000
Construction/Land [Member]
2023	4,159,000
2022	5,187,000
2021	5,997,000
2020	1,889,000
2019	2,931,000
Prior	5,481,000
Revolving	17,783,000
Total	$ 43,427,000

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses (Details 5)	Dec. 31, 2022 USD ($)
Commercial Real Estate [Member]
Grade 1 Minimal Risk	$ 0
Grade 2 Modest Risk	3,097,000
Grade 3 Average Risk	55,662,000
Grade 4 Acceptable Risk	72,779,000
Grade 5 Marginally Acceptable	41,749,000
Grade 6 Watch	13,878,000
Grade 7 Substandard	7,998,000
Grade 8 Doubtful	0
Total	195,163,000
Multi-Family [Member]
Grade 1 Minimal Risk	0
Grade 2 Modest Risk	0
Grade 3 Average Risk	963,000
Grade 4 Acceptable Risk	5,116,000
Grade 5 Marginally Acceptable	3,430,000
Grade 6 Watch	113,000
Grade 7 Substandard	0
Grade 8 Doubtful	0
Total	9,622,000
Land Development Construction [Member]
Grade 1 Minimal Risk	0
Grade 2 Modest Risk	4,000
Grade 3 Average Risk	11,112,000
Grade 4 Acceptable Risk	42,684,000
Grade 5 Marginally Acceptable	13,116,000
Grade 6 Watch	1,213,000
Grade 7 Substandard	542,000
Grade 8 Doubtful	0
Total	68,671,000
Real Estate [Member]
Grade 1 Minimal Risk	0
Grade 2 Modest Risk	553,000
Grade 3 Average Risk	27,003,000
Grade 4 Acceptable Risk	86,269,000
Grade 5 Marginally Acceptable	28,560,000
Grade 6 Watch	6,950,000
Grade 7 Substandard	3,946,000
Total	153,281,000
Grade 8 Doubtful	0
Credit Cards [Member]
Total	3,242,000
Performing	3,240,000
Non-performing	2,000
Farmland [Member]
Grade 1 Minimal Risk	(155,000)
Grade 2 Modest Risk	269,000
Grade 3 Average Risk	11,373,000
Grade 4 Acceptable Risk	38,051,000
Grade 5 Marginally Acceptable	22,069,000
Grade 6 Watch	947,000
Grade 7 Substandard	1,458,000
Grade 8 Doubtful	0
Total	74,322,000
Consumer [Member]
Grade 1 Minimal Risk	(33,000)
Grade 2 Modest Risk	286,000
Grade 3 Average Risk	2,965,000
Grade 4 Acceptable Risk	3,105,000
Grade 5 Marginally Acceptable	68,000
Grade 6 Watch	16,000
Grade 7 Substandard	15,000
Grade 8 Doubtful	0
Total	6,488,000
Dealers Finance [Member]
Total	125,125,000
Performing	124,910,000
Non-performing	215,000
Home Equity Open End [Member]
Grade 1 Minimal Risk	(27,000)
Grade 2 Modest Risk	1,272,000
Grade 3 Average Risk	18,671,000
Grade 4 Acceptable Risk	23,207,000
Grade 5 Marginally Acceptable	2,091,000
Grade 6 Watch	1,611,000
Grade 7 Substandard	49,000
Grade 8 Doubtful	0
Total	46,928,000
Home Equity - Close End [Member]
Grade 1 Minimal Risk	0
Grade 2 Modest Risk	48,000
Grade 3 Average Risk	1,065,000
Grade 4 Acceptable Risk	2,560,000
Grade 5 Marginally Acceptable	639,000
Grade 6 Watch	382,000
Grade 7 Substandard	13,000
Grade 8 Doubtful	0
Total	4,707,000
Commercial & Industrial (Non-Real Estate)
Grade 1 Minimal Risk	(10,000)
Grade 2 Modest Risk	516,000
Grade 3 Average Risk	12,934,000
Grade 4 Acceptable Risk	26,310,000
Grade 5 Marginally Acceptable	15,613,000
Grade 6 Watch	911,000
Grade 7 Substandard	331,000
Grade 8 Doubtful	0
Total	56,625,000
Gross Loan [Member]
Grade 1 Minimal Risk	(225,000)
Grade 2 Modest Risk	6,045,000
Grade 3 Average Risk	141,748,000
Grade 4 Acceptable Risk	300,081,000
Grade 5 Marginally Acceptable	127,335,000
Grade 6 Watch	26,021,000
Grade 7 Substandard	14,352,000
Grade 8 Doubtful	0
Total	615,807,000
Less: Deferred Loan Fees Net Of Costs [Member]
Grade 1 Minimal Risk	(570,000)
Total	$ 615,237,000

Loans and Allowance for Credi_9

Loans and Allowance for Credit Losses (Details 6) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Business/Other Assets	$ 24,593,000	$ 20,153,000
Total [Member]
Real state	520,000
Business/Other Assets	0
Owner-occupied commercial real estateCommercial Real Estate [Member]
Real state	0
Business/Other Assets	0
Other Commercial Real Estate [Member]
Real state	0
Business/Other Assets	0
Multi-Family [Member]
Real state	0
Business/Other Assets	0
Real Estate [Member]
Real state	0
Business/Other Assets	0
Credit Cards [Member]
Real state	0
Business/Other Assets	0
1-4 Family residential construction [Member]
Real state	0
Business/Other Assets	0
Farmland [Member]
Real state	0
Business/Other Assets	0
Agricultural loans [Member]
Real state	0
Business/Other Assets	0
Automobile loans [Member]
Real state	0
Business/Other Assets	0
Municipal loans [Member]
Real state	0
Business/Other Assets	0
Home Equity Open End [Member]
Real state	0
Business/Other Assets	0
Home Equity - Close End [Member]
Real state	0
Business/Other Assets	0
Other construction, land development and land [Member]
Real state	520,000
Business/Other Assets	0
Commercial & Industrial [Member]
Real state	0
Business/Other Assets	0
Other consumer loans [Member]
Real state	0
Business/Other Assets	$ 0

Loans and Allowance for Cred_10

Loans and Allowance for Credit Losses (Details 7) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Owner-occupied Commercial Real Estate [Member]
Beginning Balance	$ 992,000
Charge-offs	0
Recoveries	0
Provision for Loan Losses	(35,000)
Ending Balance	1,237,000
Adjustment for adoption of ASU 2016-13	280,000
Commercial Real Estate [Member]
Beginning Balance		$ 2,205,000
Charge-offs		0
Recoveries		0
Provision for Loan Losses		98,000
Ending Balance		2,303,000
Individually Evaluated for Impairment		446,000
Collectively Evaluated for Impairment		1,857,000
Total [Member]
Beginning Balance	7,936,000	7,748,000
Charge-offs	953,000	621,000
Recoveries	442,000	521,000
Provision for Loan Losses	567,000	150,000
Ending Balance	8,769,000	7,798,000
Individually Evaluated for Impairment		483,000
Collectively Evaluated for Impairment		7,315,000
Adjustment for adoption of ASU 2016-13	777,000
Other Commercial Real Estate [Member]
Beginning Balance	1,023,000
Charge-offs	0
Recoveries	0
Provision for Loan Losses	(3,000)
Ending Balance	438,000
Adjustment for adoption of ASU 2016-13	(582,000)
Multi-Family [Member]
Beginning Balance	71,000	29,000
Charge-offs	0	0
Recoveries	0	0
Provision for Loan Losses	(57,000)	25,000
Ending Balance	196,000	54,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		54,000
Adjustment for adoption of ASU 2016-13	182,000
Real Estate [Member]
Beginning Balance	1,389,000	1,162,000
Charge-offs	19,000	17,000
Recoveries	0	0
Provision for Loan Losses	74,000	(14,000)
Ending Balance	1,260,000	1,131,000
Individually Evaluated for Impairment		34,000
Collectively Evaluated for Impairment		1,097,000
Adjustment for adoption of ASU 2016-13	(184,000)
Credit Cards [Member]
Beginning Balance	68,000	70,000
Charge-offs	18,000	21,000
Recoveries	7,000	8,000
Provision for Loan Losses	5,000	7,000
Ending Balance	88,000	64,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		64,000
Adjustment for adoption of ASU 2016-13	26,000
1-4 Family residential construction [Member]
Beginning Balance	324,000
Charge-offs	70,000
Recoveries	1,000
Provision for Loan Losses	121,000
Ending Balance	485,000
Adjustment for adoption of ASU 2016-13	109,000
Farmland [Member]
Beginning Balance	571,000	448,000
Charge-offs	0	0
Recoveries	0	0
Provision for Loan Losses	9,000	71,000
Ending Balance	891,000	519,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		519,000
Adjustment for adoption of ASU 2016-13	311,000
Agricultural loans [Member]
Beginning Balance	80,000
Charge-offs	0
Recoveries	0
Provision for Loan Losses	0
Ending Balance	22,000
Adjustment for adoption of ASU 2016-13	(58,000)
Automobile loans [Member]
Beginning Balance	1,790,000
Charge-offs	821,000
Recoveries	406,000
Provision for Loan Losses	337,000
Ending Balance	1,455,000
Adjustment for adoption of ASU 2016-13	(257,000)
Municipal loans [Member]
Beginning Balance	0
Charge-offs	0
Recoveries	0
Provision for Loan Losses	0
Ending Balance	0
Adjustment for adoption of ASU 2016-13	0
Consumer [Member]
Beginning Balance		520,000
Charge-offs		24,000
Recoveries		14,000
Provision for Loan Losses		(148,000)
Ending Balance		362,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		362,000
Dealers Finance [Member]
Beginning Balance		1,601,000
Charge-offs		523,000
Recoveries		337,000
Provision for Loan Losses		272,000
Ending Balance		1,687,000
Individually Evaluated for Impairment		3,000
Collectively Evaluated for Impairment		1,684,000
Home Equity Open End [Member]
Beginning Balance	446,000	407,000
Charge-offs	0	0
Recoveries	0	130,000
Provision for Loan Losses	0	(162,000)
Ending Balance	257,000	375,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		375,000
Adjustment for adoption of ASU 2016-13	(189,000)
Home Equity - Close End [Member]
Beginning Balance	39,000	41,000
Charge-offs	0	0
Recoveries	0	0
Provision for Loan Losses	22,000	(2,000)
Ending Balance	157,000	39,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		39,000
Adjustment for adoption of ASU 2016-13	96,000
Other construction, land development and land [Member]
Beginning Balance	694,000	977,000
Charge-offs	0	0
Recoveries	0	0
Provision for Loan Losses	78,000	(97,000)
Ending Balance	1,374,000	880,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		880,000
Adjustment for adoption of ASU 2016-13	602,000
Commercial & Industrial [Member]
Beginning Balance	368,000
Charge-offs	2,000
Recoveries	1,000
Provision for Loan Losses	37,000
Ending Balance	742,000
Adjustment for adoption of ASU 2016-13	338,000
Other consumer loans [Member]
Beginning Balance	81,000
Charge-offs	23,000
Recoveries	27,000
Provision for Loan Losses	(21,000)
Ending Balance	167,000
Adjustment for adoption of ASU 2016-13	$ 103,000
Commercial & Industrial (Non-Real Estate)
Beginning Balance		288,000
Charge-offs		36,000
Recoveries		32,000
Provision for Loan Losses		100,000
Ending Balance		384,000
Individually Evaluated for Impairment		0
Collectively Evaluated for Impairment		$ 384,000

Loans and Allowance for Cred_11

Loans and Allowance for Credit Losses (Details 8) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Owner-occupied commercial real estateCommercial Real Estate [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	$ 1,237,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	1,237,000
Other Commercial Real Estate [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	438,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	438,000
Multi-Family [Member]
Loan Individually Evaluated For Impairment		$ 0
Collectively Evaluated for Impairment		9,622,000
Multi-Family [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	196,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	196,000
1-4 Family residential construction [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	485,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	485,000
Real Estate [Member]
Loan Individually Evaluated For Impairment		3,260,000
Collectively Evaluated for Impairment		150,021,000
Real Estate [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	1,260,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	1,260,000
Commercial and industrial [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	742,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	742,000
Credit Cards [Member]
Loan Individually Evaluated For Impairment		0
Collectively Evaluated for Impairment		3,242,000
Credit Cards [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	88,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	88,000
Farmland [Member]
Loan Individually Evaluated For Impairment		2,079,000
Collectively Evaluated for Impairment		72,243,000
Farmland [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	891,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	891,000
Home Equity Open End [Member]
Loan Individually Evaluated For Impairment		0
Collectively Evaluated for Impairment		46,928,000
Home Equity Open End [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	257,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	257,000
Other construction, land development and land [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	1,374,000
Loan Individually Evaluated For Impairment	226,000
Collectively Evaluated for Impairment	1,148,000
Home Equity - Close End [Member]
Loan Individually Evaluated For Impairment		0
Collectively Evaluated for Impairment		4,707,000
Home Equity - Close End [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	157,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	157,000
Agricultural loans [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	22,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	22,000
Automobile loans [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	1,455,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	1,455,000
Other consumer loans [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	167,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	167,000
Municipal loans [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	0
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	0
Total Loan [Member]
Loan Individually Evaluated For Impairment		15,365,000
Collectively Evaluated for Impairment		$ 728,239,000
Total Loan [Member] | Allowance for Credit Losses - Loans [Member]
Allowance for Credit Losses - Loans	8,769,000
Loan Individually Evaluated For Impairment	226,000
Collectively Evaluated for Impairment	8,543,000
Loans Balances [Member] | Owner-occupied commercial real estateCommercial Real Estate [Member]
Loan Balances	91,387,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	91,387,000
Loans Balances [Member] | Other Commercial Real Estate [Member]
Loan Balances	102,707,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	102,707,000
Loans Balances [Member] | Multi-Family [Member]
Loan Balances	7,963,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	7,963,000
Loans Balances [Member] | 1-4 Family residential construction [Member]
Loan Balances	32,280,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	32,280,000
Loans Balances [Member] | Real Estate [Member]
Loan Balances	169,955,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	169,955,000
Loans Balances [Member] | Commercial and industrial [Member]
Loan Balances	44,802,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	44,802,000
Loans Balances [Member] | Credit Cards [Member]
Loan Balances	3,209,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	3,209,000
Loans Balances [Member] | Farmland [Member]
Loan Balances	75,119,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	75,119,000
Loans Balances [Member] | Home Equity Open End [Member]
Loan Balances	46,380,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	46,380,000
Loans Balances [Member] | Other construction, land development and land [Member]
Loan Balances	43,427,000
Loan Individually Evaluated For Impairment	520,000
Collectively Evaluated for Impairment	42,907,000
Loans Balances [Member] | Home Equity - Close End [Member]
Loan Balances	5,305,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	5,305,000
Loans Balances [Member] | Agricultural loans [Member]
Loan Balances	11,947,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	11,947,000
Loans Balances [Member] | Automobile loans [Member]
Loan Balances	120,871,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	120,871,000
Loans Balances [Member] | Other consumer loans [Member]
Loan Balances	15,488,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	15,488,000
Loans Balances [Member] | Municipal loans [Member]
Loan Balances	6,027,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	6,027,000
Loans Balances [Member] | Total Loan [Member]
Loan Balances	776,867,000
Loan Individually Evaluated For Impairment	520,000
Collectively Evaluated for Impairment	$ 776,347,000

Loans and Allowance for Cred_12

Loans and Allowance for Credit Losses (Details 9)	Dec. 31, 2022 USD ($)
Commercial Real Estate [Member]
Loan Receivable	$ 195,163,000
Loan Individually Evaluated For Impairment	9,111,000
Collectively Evaluated for Impairment	186,052,000
Collectively Evaluated for Impairment	(186,052,000)
Multi-Family [Member]
Loan Receivable	9,622,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	9,622,000
Collectively Evaluated for Impairment	(9,622,000)
Real Estate [Member]
Loan Receivable	153,281,000
Loan Individually Evaluated For Impairment	3,260,000
Collectively Evaluated for Impairment	150,021,000
Collectively Evaluated for Impairment	(150,021,000)
Credit Cards [Member]
Loan Receivable	3,242,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	3,242,000
Collectively Evaluated for Impairment	(3,242,000)
Farmland [Member]
Loan Receivable	74,322,000
Loan Individually Evaluated For Impairment	2,079,000
Collectively Evaluated for Impairment	72,243,000
Collectively Evaluated for Impairment	(72,243,000)
Consumer [Member]
Loan Receivable	6,488,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	6,488,000
Collectively Evaluated for Impairment	(6,488,000)
Dealers Finance [Member]
Loan Receivable	125,125,000
Loan Individually Evaluated For Impairment	62,000
Collectively Evaluated for Impairment	125,063,000
Collectively Evaluated for Impairment	(125,063,000)
Home Equity Open End [Member]
Loan Receivable	46,928,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	46,928,000
Collectively Evaluated for Impairment	(46,928,000)
Home Equity - Close End [Member]
Loan Receivable	4,707,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	4,707,000
Collectively Evaluated for Impairment	(4,707,000)
Commercial & Industrial (Non-Real Estate)
Loan Receivable	56,625,000
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	56,625,000
Collectively Evaluated for Impairment	(56,625,000)
Gross Loan [Member]
Loan Receivable	744,174,000
Loan Individually Evaluated For Impairment	15,365,000
Collectively Evaluated for Impairment	728,809,000
Collectively Evaluated for Impairment	(728,809,000)
Less: Deferred Loan Fees Net Of Costs [Member]
Loan Receivable	(570,000)
Loan Individually Evaluated For Impairment	0
Collectively Evaluated for Impairment	570,000
Collectively Evaluated for Impairment	(570,000)
Construction/Land Development [Member]
Loan Receivable	68,671,000
Loan Individually Evaluated For Impairment	853,000
Collectively Evaluated for Impairment	67,818,000
Collectively Evaluated for Impairment	(67,818,000)
Total Loan [Member]
Loan Receivable	743,604,000
Loan Individually Evaluated For Impairment	15,365,000
Collectively Evaluated for Impairment	728,239,000
Collectively Evaluated for Impairment	$ (728,239,000)

Loans and Allowance for Cred_13

Loans and Allowance for Credit Losses (Details 10)	Dec. 31, 2022 USD ($)
Allowance [Member] | Consumer [Member]
Recorded invested	$ 0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Commercial Real Estate [Member]
Recorded invested	8,131,000
Unpaid principal balance	8,131,000
Related Allowance	0
Average Recorded investment	8,851,000
Commercial Real Estate [Member] | Allowance [Member]
Recorded invested	980,000
Unpaid principal balance	980,000
Related Allowance	11,000
Average Recorded investment	1,935,000
Commercial & Industrial - Non- Real Estate [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Multi-Family [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Multi-Family [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Construction Of Land Development [Member] | Allowance [Member]
Recorded invested	521,000
Unpaid principal balance	521,000
Related Allowance	228,000
Average Recorded investment	261,000
Land Development Construction[Member]
Recorded invested	332,000
Unpaid principal balance	332,000
Related Allowance	0
Average Recorded investment	474,000
Real Estate [Member]
Recorded invested	1,882,000
Unpaid principal balance	1,882,000
Related Allowance	0
Average Recorded investment	2,107,000
Real Estate [Member] | Allowance [Member]
Recorded invested	1,378,000
Unpaid principal balance	1,378,000
Related Allowance	92,000
Average Recorded investment	1,466,000
Credit Cards [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Credit Cards [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Farmland [Member]
Recorded invested	2,535,000
Unpaid principal balance	2,079,000
Related Allowance	0
Average Recorded investment	2,137,000
Farmland [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Consumer [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Dealers Finance [Member]
Recorded invested	7,000
Unpaid principal balance	7,000
Related Allowance	0
Average Recorded investment	11,000
Home Equity Open End [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Home Equity Open End [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Home Equity - Close End [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Home Equity - Close End [Member] | Allowance [Member]
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Commercial & Industrial (Non-Real Estate)
Recorded invested	0
Unpaid principal balance	0
Related Allowance	0
Average Recorded investment	0
Gross Loan [Member]
Recorded invested	12,887,000
Unpaid principal balance	12,431,000
Related Allowance	0
Average Recorded investment	13,580,000
Gross Loan [Member] | Allowance [Member]
Recorded invested	2,934,000
Unpaid principal balance	2,934,000
Related Allowance	344,000
Average Recorded investment	3,724,000
Dealer Finance [Member] | Allowance [Member]
Recorded invested	55,000
Unpaid principal balance	55,000
Related Allowance	13,000
Average Recorded investment	62,000
Related Allowances and No Related Allowances [Member]
Recorded invested	15,821,000
Unpaid principal balance	15,365,000
Related Allowance	344,000
Average Recorded investment	$ 17,304,000

Loans and Allowance for Cred_14

Loans and Allowance for Credit Losses (Details 11)	6 Months Ended
	Jun. 30, 2022 USD ($)
Allowance [Member] | Consumer [Member]
Interest Income Recognized	$ 0
Average Recorded investment	0
Commercial Real Estate [Member]
Interest Income Recognized	155,000
Average Recorded investment	8,291,000
Commercial Real Estate [Member] | Allowance [Member]
Interest Income Recognized	67,000
Average Recorded investment	4,281,000
Commercial & Industrial - Non- Real Estate [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Multi-Family [Member]
Interest Income Recognized	0
Average Recorded investment	0
Multi-Family [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Land Development And Construction [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Real Estate [Member]
Interest Income Recognized	65,000
Average Recorded investment	2,654,000
Real Estate [Member] | Allowance [Member]
Interest Income Recognized	34,000
Average Recorded investment	1,363,000
Credit Cards [Member]
Interest Income Recognized	0
Average Recorded investment	0
Credit Cards [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Farmland [Member]
Interest Income Recognized	80,000
Average Recorded investment	2,268,000
Farmland [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Consumer [Member]
Interest Income Recognized	0
Average Recorded investment	0
Dealers Finance [Member]
Interest Income Recognized	1,000
Average Recorded investment	14,000
Home Equity Open End [Member]
Interest Income Recognized	0
Average Recorded investment	0
Home Equity Open End [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Home Equity - Close End [Member]
Interest Income Recognized	0
Average Recorded investment	81,000
Home Equity - Close End [Member] | Allowance [Member]
Interest Income Recognized	0
Average Recorded investment	0
Commercial & Industrial (Non-Real Estate)
Interest Income Recognized	0
Average Recorded investment	0
Gross Loan [Member]
Interest Income Recognized	311,000
Average Recorded investment	13,909,000
Gross Loan [Member] | Allowance [Member]
Interest Income Recognized	105,000
Average Recorded investment	5,734,000
Construction/Land Development [Member]
Interest Income Recognized	10,000
Average Recorded investment	601,000
Dealer Finance [Member] | Allowance [Member]
Interest Income Recognized	90,000
Average Recorded investment	4,000
Gross Loan Total [Member]
Interest Income Recognized	416,000
Average Recorded investment	$ 19,643,000

Loans and Allowance for Cred_15

Loans and Allowance for Credit Losses (Details 12) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Total [Member]
Amortized cost	$ 23
Weighted Average TermExtension (Months)	3 years
Automobile loans [Member]
Amortized cost	$ 23
Weighted Average TermExtension (Months)	3 years

Loans and Allowance for Cred_16

Loans and Allowance for Credit Losses (Details 13) $ in Thousands	Jun. 30, 2023 USD ($)
Current payment status	$ 204
Past due payment status	17
Automobile loans [Member]
Current payment status	44
Real Estate [Member]
Current payment status	160
Past due payment status	$ 17

Loans and Allowance for Cred_17

Loans and Allowance for Credit Losses (Details 14) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Total TDR[Member]
Number Of Contracts	$ 4
Pre-modification Outstanding Recorded Investment	206
Post-modification Outstanding Recorded Investment	206
Change In Terms [Member]
Number Of Contracts	1
Pre-modification Outstanding Recorded Investment	162
Post-modification Outstanding Recorded Investment	162
Extended Maturity [Member]
Number Of Contracts	3
Pre-modification Outstanding Recorded Investment	44
Post-modification Outstanding Recorded Investment	$ 44

Loans and Allowance for Cred_18

Loans and Allowance for Credit Losses (Details 15) - Total Allowance for Credit Losses Unfunded CommitmentsMember [Member]	6 Months Ended
	Jun. 30, 2023 USD ($)
Beginning Balance	$ 0
Adjustment to allowance for unfunded commitments for adoption of ASU 2016-13	747,000
Recovery of credit losses	(28,000)
Ending balance	$ 719,000

Loans and Allowance for Cred_19

Loans and Allowance for Credit Losses (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Loans and Allowance for Credit Losses
Revenue	$ 66	$ 54
Pledged Loans	247,100		$ 209,800
Nonaccrual loans	$ 2,000		$ 2,200
Impairment description	The Company individually assessed for impairment all substandard loans greater than $500 thousand and all troubled debt restructurings
Unfunded loan commitments	$ 719

Mortgage Banking and Derivati_2

Mortgage Banking and Derivatives (Details Narrative) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) integer	Dec. 31, 2022 USD ($) integer
Total Amount Of Conducted Business	$ 881
Total Amount Of Conducted Business Unpaid	881
Other Assets [Member]
Notional Debt Amount	$ 11,600	$ 12,200
Total Notional Positions | integer	39	38
Fair Value Of Derivative Instruments	$ 129	$ 92
Other Liability [Member]
Total Notional Positions | integer	43	43
Fair Value Of Forward Sales	$ 29	$ 186
Notional Amount	$ 12,500	$ 13,600

Employee Benefit Plan (Details)

Employee Benefit Plan (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Employee Benefit Plan
Service cost	$ 0	$ 190,000	$ 0	$ 380,000
Interest cost	92,000	104,000	184,000	208,000
Expected return on plan assets	(130,000)	0	(260,000)	0
Amortization of prior service cost	0	(195,000)	0	(390,000)
Amortization of net loss	0	58,000	0	116,000
Net periodic pension cost	$ (38,000)	$ 157,000	$ (76,000)	$ 314,000

Stock Based Compensation (Detai

Stock Based Compensation (Details Narrative) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($) shares	Jun. 30, 2023 USD ($) shares
Unrecognized compensation expense | $		$ 724
Share vested		6,974
Share forfeited	7,706	96
Directors [Member]
Stock Plan Committee Awarded Shares Issued		1,309
Employee Service Fair Value | $	$ 29	$ 29
U S Treasuries [Member]
Stock Plan Committee Awarded Shares Issued		23,556
Employee Service Fair Value | $	$ 526	$ 526
Description Of Vest Shares		These shares vest 25% over each of the next four years

Fair Value (Details)

Fair Value (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Loans held for sale, F&M Mortgage	$ 881,000	$ 1,373,000
U.S Treasury	37,053,000	36,643,000
U.S. Agency	131,582,000	129,748,000
Municipal bonds	38,986,000	42,198,000
Mortgage-backed securities	150,939,000	156,875,000
IRLC	129,000	92,000
Corporate	26,091,000	26,631,000
Forward sales commitments	29,000	186,000
Assets at Fair Value	385,690	393,654,000
Liabilities at Fair Value		92,000
Fair Value Inputs Level 1
Loans held for sale, F&M Mortgage	0	0
U.S Treasury	0	0
U.S. Agency	0	0
Municipal bonds	0	0
Mortgage-backed securities	0	0
IRLC	0	0
Corporate	0	0
Forward sales commitments	0	0
Assets at Fair Value	0	0
Liabilities at Fair Value		0
Fair Value Inputs Level 2
Loans held for sale, F&M Mortgage	881,000	1,373,000
U.S Treasury	37,053,000	36,643,000
U.S. Agency	131,582,000	129,748,000
Municipal bonds	38,986,000	42,198,000
Mortgage-backed securities	150,939,000	156,875,000
IRLC	129,000	92,000
Corporate	26,091,000	26,631,000
Forward sales commitments	29,000	186,000
Assets at Fair Value	385,690,000	393,654,000
Liabilities at Fair Value		92,000
Fair Value Inputs Level 3
Loans held for sale, F&M Mortgage	0	0
U.S Treasury	0	0
U.S. Agency	0	0
Municipal bonds	0	0
Mortgage-backed securities	0	0
IRLC	0	0
Corporate	0	0
Forward sales commitments	0	0
Assets at Fair Value	$ 0	0
Liabilities at Fair Value		$ 0

Fair Value (Details 1)

Fair Value (Details 1) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Impaired loans		$ 2,590,000
Collateral dependent loans with an ACL	$ 294
Fair Value Inputs Level 1
Impaired loans		0
Collateral dependent loans with an ACL	0
Fair Value Inputs Level 2
Impaired loans		0
Collateral dependent loans with an ACL	0
Fair Value Inputs Level 3
Impaired loans		2,590,000
Collateral dependent loans with an ACL	294,000
Commercial Real Estate [Member]
Impaired loans		969,000
Commercial Real Estate [Member] | Fair Value Inputs Level 1
Impaired loans		0
Commercial Real Estate [Member] | Fair Value Inputs Level 2
Impaired loans		0
Commercial Real Estate [Member] | Fair Value Inputs Level 3
Impaired loans		969,000
Real Estate [Member]
Impaired loans		1,286,000
Real Estate [Member] | Fair Value Inputs Level 1
Impaired loans		0
Real Estate [Member] | Fair Value Inputs Level 2
Impaired loans		0
Real Estate [Member] | Fair Value Inputs Level 3
Impaired loans		1,286,000
Dealers Finance [Member]
Impaired loans		42,000
Dealers Finance [Member] | Fair Value Inputs Level 1
Impaired loans		0
Dealers Finance [Member] | Fair Value Inputs Level 2
Impaired loans		0
Dealers Finance [Member] | Fair Value Inputs Level 3
Impaired loans		42,000
Other construction, land development and land [Member]
Collateral dependent loans with an ACL	294,000
Other construction, land development and land [Member] | Fair Value Inputs Level 1
Collateral dependent loans with an ACL	0
Other construction, land development and land [Member] | Fair Value Inputs Level 2
Collateral dependent loans with an ACL	0
Other construction, land development and land [Member] | Fair Value Inputs Level 3
Collateral dependent loans with an ACL	$ 294,000
Construction/Land Development [Member]
Impaired loans		293,000
Construction/Land Development [Member] | Fair Value Inputs Level 1
Impaired loans		0
Construction/Land Development [Member] | Fair Value Inputs Level 2
Impaired loans		0
Construction/Land Development [Member] | Fair Value Inputs Level 3
Impaired loans		$ 293,000

Fair Value (Details 2)

Fair Value (Details 2) - Fair Value Inputs Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Valuation technique other real estate owned	Discounted appraised value	Discounted appraised value
Significant unobservable inputs lmpaired loans	Discount for selling costs and marketability	Discount for selling costs and marketability
Average impaired loans		19%
Impaired loans		$ 2,590
Collateral Dependent Loans	$ 294
Range impaired loans	62%
Minimum [Member]
Range impaired loans		10%
Maximum [Member]
Range impaired loans		33%

Disclosures about Fair Value _3

Disclosures about Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Securities held to maturity	$ 125,000	$ 125,000
Loans held for investment, net	776,260,000
Bank owned life insurance	22,538,000	23,554,000
IRLC	129,000	92,000
Forward sales commitments	29,000	186,000
Carrying Amount [Member]
Cash and cash equivalents	36,505,000	34,953,000
Securities		392,220,000
Securities held to maturity	125,000
Securities available for sale	384,651,000
Loans held for sale	881,000	1,373,000
Loans held for investment, net	776,260,000	743,604,000
Interest receivable	4,280,000	3,995,000
Bank owned life insurance	22,538,000	23,554,000
IRLC	129,000	92,000
Forward sales commitments	29,000	186,000
Total Assets	1,225,398,000	1,199,885,000
Deposits	1,137,112,000	1,083,377,000
Short-term debt	47,000,000	70,000,000
Long-term debt	6,911,000	6,890,000
Interest payable	773,000	295,000
Total liabilities	1,191,796,000	1,160,654,000
Total Amount [Member]
Cash and cash equivalents	36,505,000	34,953,000
Securities		392,220,000
Securities held to maturity	115,000
Securities available for sale	384,651,000
Loans held for sale	881,000	1,373,000
Loans held for investment, net	749,716,000	720,806,000
Interest receivable	4,280,000	3,995,000
Bank owned life insurance	22,538,000	23,554,000
IRLC	129,000	92,000
Forward sales commitments	29,000	186,000
Total Assets	1,198,854,000	1,177,087,000
Deposits	1,133,639,000	1,080,909,000
Short-term debt	47,000,000	70,000,000
Long-term debt	6,645,000	6,778,000
Interest payable	773,000	295,000
Total liabilities	1,188,057,000	1,158,074,000
Fair Value Inputs Level 1
Cash and cash equivalents	36,505,000	34,953,000
Securities		0
Securities held to maturity	0
Securities available for sale	0
Loans held for sale	0	0
Loans held for investment, net	0	0
Interest receivable	0	0
Bank owned life insurance	0	0
IRLC	0	0
Forward sales commitments	0	0
Total Assets	36,505,000	34,953,000
Deposits	0	0
Short-term debt	0	0
Long-term debt	0	0
Interest payable	0	0
Total liabilities	0	0
Fair Value Inputs Level 2
Cash and cash equivalents	0	0
Securities		392,220,000
Securities held to maturity	115,000
Securities available for sale	384,651,000
Loans held for sale	881,000	1,373,000
Loans held for investment, net	0	0
Interest receivable	4,280,000	3,995,000
Bank owned life insurance	22,538,000	23,554,000
IRLC	129,000	92,000
Forward sales commitments	29,000	186,000
Total Assets	412,633,000	421,328,000
Deposits	1,133,639,000	1,080,909,000
Short-term debt	0	0
Long-term debt	0	0
Interest payable	773,000	295,000
Total liabilities	1,134,412,000	1,081,296,000
Fair Value Inputs Level 3
Cash and cash equivalents	0	0
Securities		0
Securities held to maturity	0
Securities available for sale	0
Loans held for sale	0	0
Loans held for investment, net	749,716,000	720,806,000
Interest receivable	0	0
Bank owned life insurance	0	0
IRLC	0	0
Forward sales commitments	0	0
Total Assets	749,716,000	720,806,000
Deposits	0	0
Short-term debt	47,000,000	70,000,000
Long-term debt	6,645,000	6,778,000
Interest payable	0	0
Total liabilities	$ 53,645,000	$ 76,778,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Adjustments Related to Pension Plan
Beginning balance	$ 439,000	$ (3,291,000)	$ 439,000	$ (3,291,000)
Reclassification for previously unrealized net losses recognized in net income, net of tax benefit		0		0
Ending balance	439,000	(3,291,000)	439,000	(3,291,000)
Change in unrealized securities gains (losses), net of tax benefit	0	0	0	0
Accumulated Other comprehensive Income (Loss)
Beginning balance	(37,296,000)	(19,351,000)	(40,012,000)	(5,092,000)
Change in unrealized securities gains (losses), net of tax	71,000	(16,972,000)	2,787,000	(31,231,000)
Reclassification for previously unrealized net losses recognized in net income, net of tax benefit		(77,000)		(77,000)
Ending balance	(37,225,000)	(36,400,000)	(37,225,000)	(36,400,000)
Unrealized Securities Gains (Losses) [Member]
Beginning balance	(37,735,000)	(16,060,000)	(40,451,000)	(1,801,000)
Reclassification for previously unrealized net losses recognized in net income, net of tax benefit		(77,000)		(77,000)
Ending balance	(37,664,000)	(33,109,000)	(37,664,000)	(33,109,000)
Change in unrealized securities gains (losses), net of tax benefit	$ 71,000	$ (16,972,000)	$ 2,787,000	$ (31,231,000)

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	1 Months Ended
	Jul. 29, 2020	Jul. 31, 2023	Jul. 10, 2023	Jun. 30, 2023	Dec. 31, 2022
Short term debt		$ 10,000,000	$ 2,000,000	$ 47,000,000	$ 70,000,000
Subordinated Debt				$ 6,900,000
2030 Notes [Member] | Accredited Investor [Member]
Interest Rate	6%
Interest Rate Description	The note will initially bear interest at 6.00% per annum, beginning July 29, 2020 to but excluding July 31, 2025, payable semi-annually in arrears. From and including July 31, 2025 through July 30, 2030, or up to an early redemption date, the interest rate will reset quarterly to an interest rate per annum equal to the then current three-month SOFR plus 593 basis points, payable quarterly in arrears. Beginning on July 31, 2025 through maturity, the note may be redeemed, at the Company’s option, on any scheduled interest payment date
Principal Amount	$ 7,000,000
Maturity Date	July 31, 2030

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total noninterest income	$ 2,752	$ 3,077	$ 5,118	$ 5,560
Service Charges on Deposits
Total noninterest income	274	274	499	581
Investment Services and Insurance Income
Total noninterest income	355	453	862	704
Title Insurance Income
Total noninterest income	377	366	625	839
ATM and check card fees
Total noninterest income	672	632	1,299	1,195
Other
Total noninterest income	286	242	360	399
Noninterest Income (in-scope of Topic 606)
Total noninterest income	1,964	1,967	3,645	3,718
Noninterest Income (out-of-scope of Topic 606)
Total noninterest income	$ 788	$ 1,110	$ 1,473	$ 1,842

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Lease liabilities	$ 811		$ 811
Long-Term Lease Agreements [Member]
Lease liabilities	811		811
Right-of-use assets	$ 795		$ 795
Weighted average discount rate	3.29%		3.29%
Weighted average remaining lease term			2 years 7 days
Operating lease cost	$ 43	$ 47	$ 83	$ 94
Total lease cost	43	47	83	94
Cash paid for amounts included in the measurement of lease liabilities	$ 47	$ 53	$ 105	$ 105

Leases (Details 1)

Leases (Details 1) $ in Thousands	Jun. 30, 2023 USD ($)
Leases
Nine months ending December 31, 2023	$ 82
Twelve months ending December 31, 2024	166
Twelve months ending December 31, 2025	122
Twelve months ending December 31, 2026	69
Twelve months ending December 31, 2027	56
Thereafter	462
Total undiscounted cash flows	957
Discount	146
Lease Liabilites	$ 811

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	4 Months Ended
	Jul. 20, 2023 $ / shares
Subsequent Event
Dividend per share	$ 0.26